Quarterly report pursuant to Section 13 or 15(d)

Industry Segments

v3.21.2
Industry Segments
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Industry Segments Industry Segments
The following table summarizes certain information regarding segments of the Company's operations:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2021 2020 2021 2020
Net sales
Metals Segment $ 68,097  $ 52,018  $ 123,311  $ 112,681 
Specialty Chemicals Segment 14,990  14,118  29,554  28,152 
$ 83,087  $ 66,136  $ 152,865  $ 140,833 
Operating income (loss)
Metals Segment $ 7,504  $ (9,155) $ 10,081  $ (8,221)
Specialty Chemicals Segment (414) 1,980  642  2,447 
Unallocated corporate expenses 1,360  1,586  3,127  3,607 
Acquisition costs and other —  6  —  135 
Proxy contest costs and recoveries 632  2,734  168  2,909 
Earn-out adjustments
 1,044  (827) 1,270  (823)
Operating income (loss) 4,054  (10,674) 6,158  (11,602)
Interest expense 353  532  739  1,251 
Loss on extinguishment of debt —  —  223  — 
Change in fair value of interest rate swap —  (4) (2) 81 
Other expense (income), net —  (2,129) 162  (1,303)
Income (loss) before income taxes $ 3,701  $ (9,073) $ 5,036  $ (11,631)
As of
(in thousands) June 30, 2021 December 31, 2020
Identifiable assets
Metals Segment $ 152,653  $ 141,799 
Specialty Chemicals Segment 27,932  25,039 
Corporate 36,452  40,146 
$ 217,037  $ 206,984