| Segment Information |
SEGMENT INFORMATION
The following table summarizes certain information regarding segments of the Company's operations:
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Three Months Ended |
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Six Months Ended |
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Jun 30, 2017 |
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Jun 30, 2016 |
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Jun 30, 2017 |
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Jun 30, 2016 |
Net sales |
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Metals Segment |
$ |
39,088,000 |
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$ |
22,079,000 |
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$ |
68,798,000 |
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$ |
46,041,000 |
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Specialty Chemicals Segment |
12,423,000 |
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12,828,000 |
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24,917,000 |
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25,178,000 |
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$ |
51,511,000 |
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$ |
34,907,000 |
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$ |
93,715,000 |
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$ |
71,219,000 |
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Operating income (loss) |
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Metals Segment |
$ |
2,359,000 |
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$ |
(1,649,000 |
) |
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$ |
3,924,000 |
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$ |
(2,421,000 |
) |
Specialty Chemicals Segment |
1,138,000 |
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1,322,000 |
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2,645,000 |
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2,532,000 |
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3,497,000 |
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(327,000 |
) |
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6,569,000 |
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111,000 |
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Unallocated straight line lease cost |
101,000 |
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— |
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203,000 |
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— |
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Unallocated corporate expenses |
1,499,000 |
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1,330,000 |
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2,955,000 |
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2,622,000 |
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Acquisition related costs |
387,000 |
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75,000 |
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745,000 |
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75,000 |
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Operating income (loss) |
1,510,000 |
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(1,732,000 |
) |
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2,666,000 |
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(2,586,000 |
) |
Interest expense |
341,000 |
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268,000 |
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521,000 |
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549,000 |
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Change in fair value of interest rate swaps |
17,000 |
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98,000 |
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(24,000 |
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392,000 |
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Earn-out adjustment |
(3,000 |
) |
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— |
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(3,000 |
) |
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— |
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Income (loss) from continuing operations |
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before income taxes |
$ |
1,155,000 |
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$ |
(2,098,000 |
) |
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$ |
2,172,000 |
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$ |
(3,527,000 |
) |
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As of |
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Jun 30, 2017 |
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Dec 31, 2016 |
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Identifiable assets |
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Metals Segment |
$ |
143,679,000 |
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$ |
109,689,000 |
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Specialty Chemicals Segment |
25,379,000 |
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22,908,000 |
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Corporate |
8,964,000 |
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6,041,000 |
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$ |
178,022,000 |
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$ |
138,638,000 |
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