| Schedule of Segment Information |
The following table summarizes certain information regarding segments of the Company's continuing operations:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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| (in thousands) |
2023 |
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2022 |
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2023 |
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2022 |
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| Net sales |
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| Tubular Products |
$ |
39,302 |
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$ |
55,580 |
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$ |
82,922 |
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$ |
111,454 |
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| Specialty Chemicals |
21,363 |
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29,020 |
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45,112 |
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56,741 |
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| All Other |
— |
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— |
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50 |
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114 |
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$ |
60,665 |
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$ |
84,600 |
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$ |
128,084 |
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$ |
168,309 |
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| Operating income (loss) |
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| Tubular Products |
$ |
(105) |
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$ |
12,992 |
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$ |
1,560 |
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$ |
27,120 |
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| Specialty Chemicals |
(806) |
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2,627 |
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546 |
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5,014 |
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| All Other |
(74) |
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(235) |
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(552) |
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(317) |
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| Corporate |
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| Unallocated corporate expenses |
(2,750) |
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(3,322) |
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(6,455) |
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(6,351) |
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| Acquisition costs and other |
(17) |
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(157) |
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(274) |
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(688) |
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| Total Corporate |
(2,767) |
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(3,479) |
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(6,729) |
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(7,039) |
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| Operating income (loss) |
(3,752) |
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11,905 |
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(5,175) |
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24,778 |
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| Interest expense |
1,047 |
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407 |
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2,154 |
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810 |
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| Other, net |
(154) |
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(23) |
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(247) |
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(58) |
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| Income (loss) before income taxes |
$ |
(4,645) |
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$ |
11,521 |
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$ |
(7,082) |
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$ |
24,026 |
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As of |
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| (in thousands) |
June 30, 2023 |
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December 31, 2022 |
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| Identifiable assets |
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| Tubular Products |
$ |
99,380 |
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$ |
112,926 |
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| Specialty Chemicals |
67,269 |
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72,990 |
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| Corporate and other |
65,773 |
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83,127 |
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$ |
232,422 |
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$ |
269,043 |
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