Annual report pursuant to Section 13 and 15(d)

Acquisitions - Narrative (Details)

v3.19.3.a.u2
Acquisitions - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 10 Months Ended 12 Months Ended
Jan. 01, 2019
Dec. 20, 2018
Jul. 01, 2018
Mar. 01, 2017
Feb. 28, 2017
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2017
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Mar. 31, 2019
Jun. 29, 2018
Mar. 31, 2017
Dec. 09, 2016
Business Acquisition [Line Items]                                    
Charge related to change in fair value of earn-out liability                       $ (747,000) $ 1,431,000 $ 688,000        
Expenses incurred related to acquisition                       (1,904,000) 2,573,000 (310,000)        
Additional rent expense                         4,000,000 3,300,000        
Interest expense                       3,818,000 2,211,000 985,000        
Depreciation expense                       7,578,000 6,412,000 5,295,000        
Increase (decreases) in income tax provision                       (727,000) 3,376,000 137,000        
Acquisition related costs                       601,000 1,212,000 795,000        
Goodwill             $ 9,800,000   $ 9,800,000 $ 17,558,000 $ 6,004,000 17,558,000 9,800,000 6,004,000        
Lease term 20 years                             20 years    
Level 3 Inputs                                    
Business Acquisition [Line Items]                                    
Fair value of earn-out liability             7,610,000   7,610,000 9,154,000 4,834,000 9,154,000 7,610,000 4,834,000        
American Stainless Tubing, Inc.                                    
Business Acquisition [Line Items]                                    
Purchase price $ 21,900,000                                  
Charge related to change in fair value of earn-out liability           $ 200,000                        
Customer list intangible                   (496,000)                
Goodwill                   714,000                
Additional rent expense                         500,000          
Interest expense                         800,000          
Depreciation expense                         200,000          
Increase (decreases) in income tax provision                         100,000          
Fair value of earn-out payments                   6,366,000   6,366,000     $ 6,148,000      
Goodwill                   7,758,000   7,758,000     7,044,000      
Intangible assets                   9,504,000   9,504,000     $ 10,000,000      
Net sales                       34,477,000            
Income before income taxes                       2,690,000            
American Stainless Tubing, Inc. | Fair Value Adjustment to Inventory                                    
Business Acquisition [Line Items]                                    
Expenses incurred related to acquisition                       1,100,000            
American Stainless Tubing, Inc. | Customer List                                    
Business Acquisition [Line Items]                                    
Customer list intangible           $ 500,000                        
American Stainless Tubing, Inc. | Customer Lists                                    
Business Acquisition [Line Items]                                    
Customer list intangible                         1,200,000          
MUSA-Galvanized                                    
Business Acquisition [Line Items]                                    
Purchase price     $ 10,400,000                              
Period for which earn out payments will be received     4 years                              
Earn out payments, target percentage     3.00%                              
Customer list intangible                 (251,000)                  
Goodwill             300,000   251,000                  
Forecasted earn-out payments     $ 4,200,000                              
Fair value of earn-out payments     3,800,000       3,800,000   3,800,000       3,800,000          
Purchase accounting adjustment for intangible assets             300,000                      
Goodwill     3,545,000       3,796,000   3,796,000       3,796,000          
Intangible assets     $ 1,424,000       1,173,000   1,173,000       1,173,000          
Net sales                         11,877,000          
Income before income taxes                         65,000          
MUSA-Galvanized | Earn-Out Payment                                    
Business Acquisition [Line Items]                                    
Period for which earn out payments will be received     4 years                              
MUSA-Galvanized | Acquisition-related Costs                                    
Business Acquisition [Line Items]                                    
Acquisition related costs                         700,000          
MUSA-Galvanized | Customer List                                    
Business Acquisition [Line Items]                                    
Useful life of finite lived intangible assets acquired     15 years                              
MUSA-Galvanized | Level 3 Inputs                                    
Business Acquisition [Line Items]                                    
Fair value of earn-out liability             3,358,000   3,358,000 1,782,000 0 $ 1,782,000 3,358,000 0        
MUSA-Galvanized | Level 3 Inputs | Other Current Liabilities                                    
Business Acquisition [Line Items]                                    
Fair value of earn-out liability             1,000,000   1,000,000       1,000,000          
MUSA-Galvanized | Measurement Input, Discount Rate                                    
Business Acquisition [Line Items]                                    
Discount rate applied to earn-out payments     0.05                              
MUSA-Stainless                                    
Business Acquisition [Line Items]                                    
Purchase price         $ 15,000,000                          
Customer list intangible                     0              
Goodwill                     1,059,000              
Goodwill and earn-out liability, provisional adjustment               $ 1,100,000                    
Fair value of earn-out payments         3,604,000     4,700,000     4,664,000     4,664,000     $ 3,600,000  
Goodwill         3,589,000     $ 4,600,000     4,649,000     4,649,000     $ 3,600,000  
Intangible assets         $ 992,000           992,000     992,000        
Escrow deposit                                   $ 3,000,000
Net sales                           25,800,000        
Income before income taxes                           200,000        
Monthly lease payment       $ 33,333                            
Lease term       15 months                            
MUSA-Stainless | Earn-Out Payment                                    
Business Acquisition [Line Items]                                    
Period for which earn out payments will be received         4 years                          
Earn out payments, target percentage         3.00%                          
Forecasted earn-out payments         $ 4,100,000                          
Contingent consideration payment, lower limit         3,000,000                          
Estimated earn out payments, discounted         $ 3,600,000                          
Discount rate applicable to future revenue         5.00%                          
MUSA-Stainless | Customer List                                    
Business Acquisition [Line Items]                                    
Useful life of finite lived intangible assets acquired                       15 years            
MUSA-Stainless | Level 3 Inputs                                    
Business Acquisition [Line Items]                                    
Fair value of earn-out liability             $ 4,252,000   $ 4,252,000 $ 2,403,000 $ 4,834,000 $ 2,403,000 $ 4,252,000 $ 4,834,000        
Term Loan                                    
Business Acquisition [Line Items]                                    
Debt term 5 years 5 years                                
Principal amount of debt $ 20,000,000 $ 20,000,000                                
American Stainless | American Stainless Tubing, Inc.                                    
Business Acquisition [Line Items]                                    
Period for which earn out payments will be received 3 years                                  
American Stainless | American Stainless Tubing, Inc. | Earn-Out Payment                                    
Business Acquisition [Line Items]                                    
Earn out payments, target percentage 6.50%