| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's operations:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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| (in thousands) |
2020 |
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2019 |
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2020 |
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2019 |
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| Net sales |
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| Metals Segment |
$ |
47,079 |
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$ |
60,121 |
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$ |
159,761 |
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$ |
195,728 |
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| Specialty Chemicals Segment |
12,187 |
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13,519 |
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40,338 |
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41,494 |
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$ |
59,266 |
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$ |
73,640 |
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$ |
200,099 |
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$ |
237,222 |
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| Operating (loss) income |
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| Metals Segment |
$ |
(11,563) |
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$ |
450 |
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$ |
(19,784) |
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$ |
3,125 |
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| Specialty Chemicals Segment |
1,061 |
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846 |
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3,508 |
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2,387 |
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| Unallocated corporate expenses |
1,526 |
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2,369 |
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5,132 |
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6,622 |
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| Acquisition related costs and other |
656 |
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90 |
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803 |
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438 |
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Proxy contest costs |
207 |
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— |
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3,105 |
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— |
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Earn-out adjustments |
(146) |
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(1,242) |
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(969) |
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(1,643) |
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| Gain on lease modification |
(171) |
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— |
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(171) |
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— |
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| Operating (loss) income |
(12,574) |
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79 |
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(24,176) |
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95 |
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| Interest expense |
452 |
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944 |
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1,703 |
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2,977 |
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| Change in fair value of interest rate swap |
(16) |
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21 |
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65 |
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145 |
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| Other (income) expense, net |
59 |
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180 |
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(1,244) |
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(224) |
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| Loss before income taxes |
$ |
(13,069) |
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$ |
(1,066) |
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$ |
(24,700) |
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$ |
(2,803) |
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As of |
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| (in thousands) |
September 30, 2020 |
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December 31, 2019 |
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| Identifiable assets |
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| Metals Segment |
$ |
157,974 |
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$ |
186,758 |
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| Specialty Chemicals Segment |
25,004 |
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25,428 |
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| Corporate |
41,737 |
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45,011 |
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$ |
224,715 |
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$ |
257,197 |
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