| 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) |
2021 |
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2020 |
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2021 |
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2020 |
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| Net sales |
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| Metals Segment |
$ |
70,127 |
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$ |
47,079 |
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$ |
193,438 |
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$ |
159,761 |
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| Specialty Chemicals Segment |
16,055 |
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12,187 |
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45,609 |
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40,338 |
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$ |
86,182 |
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$ |
59,266 |
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$ |
239,047 |
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$ |
200,099 |
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| Operating income (loss) |
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| Metals Segment |
$ |
11,711 |
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$ |
(11,563) |
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$ |
21,793 |
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$ |
(19,784) |
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| Specialty Chemicals Segment |
1,356 |
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1,061 |
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1,999 |
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3,508 |
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| Unallocated corporate expenses |
2,009 |
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1,526 |
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5,138 |
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5,132 |
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| Acquisition costs and other |
201 |
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656 |
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201 |
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803 |
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| Proxy contest costs and recoveries |
— |
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207 |
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168 |
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3,105 |
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Earn-out adjustments |
160 |
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(146) |
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1,430 |
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(969) |
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| Gain on lease modification |
— |
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(171) |
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— |
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(171) |
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| Operating income (loss) |
10,697 |
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(12,574) |
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16,855 |
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(24,176) |
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| Interest expense |
329 |
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452 |
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1,068 |
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1,703 |
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| Loss on extinguishment of debt |
— |
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— |
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223 |
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— |
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| Change in fair value of interest rate swap |
— |
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(16) |
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(2) |
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65 |
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| Other expense (income), net |
(10) |
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59 |
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152 |
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(1,244) |
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| Income (loss) before income taxes |
$ |
10,378 |
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$ |
(13,069) |
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$ |
15,414 |
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$ |
(24,700) |
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As of |
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| (in thousands) |
September 30, 2021 |
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December 31, 2020 |
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| Identifiable assets |
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| Metals Segment |
$ |
160,170 |
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$ |
141,799 |
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| Specialty Chemicals Segment |
29,626 |
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25,039 |
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| Corporate |
34,361 |
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40,146 |
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$ |
224,157 |
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$ |
206,984 |
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