Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.5.0.2
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION

The following table summarizes certain information regarding segments of the Company's continuing operations:
 
Three Months Ended
 
Nine Months Ended
 
Sep 30, 2016
 
Oct 3, 2015
 
Sep 30, 2016
 
Oct 3, 2015
Net sales
 
 
 
 
 
 
 
Metals Segment
$
22,291,000

 
$
23,084,000

 
$
68,331,000

 
$
92,488,000

Specialty Chemicals Segment
12,006,000

 
14,999,000

 
37,185,000

 
47,407,000

 
$
34,297,000

 
$
38,083,000

 
$
105,516,000

 
$
139,895,000

Operating (loss) income
 
 
 
 
 
 
 
Metals Segment
$
(3,240,000
)
 
$
(548,000
)
 
$
(5,661,000
)
 
$
5,400,000

Specialty Chemicals Segment
1,188,000

 
1,598,000

 
3,720,000

 
4,624,000

 
(2,052,000
)
 
1,050,000

 
(1,941,000
)
 
10,024,000

Less unallocated corporate expenses
1,713,000

 
1,157,000

 
4,335,000

 
3,385,000

Acquisition related costs
1,000

 
9,000

 
76,000

 
454,000

Operating (loss) income
(3,766,000
)
 
(116,000
)
 
(6,352,000
)
 
6,185,000

Interest expense
273,000

 
342,000

 
822,000

 
1,040,000

Change in fair value of interest rate swap
(115,000
)
 
247,000

 
277,000

 
233,000

Specialty and Palmer earn-out adjustments

 
(2,414,000
)
 

 
(4,897,000
)
Other income

 

 

 
(137,000
)
 
 
 
 
 
 
 
 
     (Loss) income from operations before income taxes
$
(3,924,000
)
 
$
1,709,000

 
$
(7,451,000
)
 
$
9,946,000

 
 
 
 
 
 
 
 
 
As of
 
 
 
Sep 30, 2016
 
Dec 31, 2015
 
 
 
 
Identifiable assets
 
 
 
 
 
 
 
Metals Segment
$
98,873,000

 
$
112,749,000

 
 
 
 
Specialty Chemicals Segment
24,352,000

 
33,391,000

 
 
 
 
Corporate
3,353,000

 
2,903,000

 
 
 
 
 
$
126,578,000

 
$
149,043,000