Quarterly Data (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data

Summarized quarterly financial data for 2014 and 2013 is as follows (dollars in thousands, except per share).

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
For the year ended December 31, 2014
Net sales:
Water transmission	$	42,999		$	62,205		$	76,857		$	56,484		$	238,545
Tubular products		39,648			39,783			39,648			45,674			164,753
Total	$	82,647		$	101,988		$	116,505		$	102,158		$	403,298
Gross profit (loss):
Water transmission	$	1,668		$	11,491		$	16,559		$	9,883		$	39,601
Tubular products		2,646			(174	)		(739	)		(758	)		975
Total	$	4,314		$	11,317		$	15,820		$	9,125		$	40,576
Operating income (loss):
Water transmission	$	(299	)	$	9,543		$	14,429		$	7,817		$	31,490
Tubular products		2,294			(589	)		(1,155	)		(17,227	)		(16,677	)
Corporate		(3,121	)		(3,555	)		(3,943	)		(4,000	)		(14,619	)
Total	$	(1,126	)	$	5,399		$	9,331		$	(13,410	)	$	194
Net income (loss)	$	(12,104	)	$	3,192		$	5,021		$	(13,996	)	$	(17,887	)
Basic Earnings (loss) per share:
Continuing Operations	$	(0.13	)	$	0.34		$	0.62		$	(1.47	)	$	(0.65	)
Discontinued Operations		(1.14	)		—			(0.09	)		—			(1.23	)
Total	$	(1.27	)	$	0.34		$	0.53		$	(1.47	)	$	(1.88	)
Diluted Earnings (loss) per share:
Continuing Operations	$	(0.13	)	$	0.33		$	0.61		$	(1.47	)	$	(0.65	)
Discontinued Operations		(1.14	)		—			(0.09	)		—			(1.23	)
Total	$	(1.27	)	$	0.33		$	0.52		$	(1.47	)	$	(1.88	)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
For the year ended December 31, 2013
Net sales:
Water transmission	$	78,613		$	58,148		$	46,835		$	42,831		$	226,427
Tubular products		28,722			29,794			31,692			42,810			133,018
Total	$	107,335		$	87,942		$	78,527		$	85,641		$	359,445
Gross profit:
Water transmission	$	19,870		$	12,125		$	7,932		$	7,026		$	46,953
Tubular products		3,049			3,085			3,322			3,827			13,283
Total	$	22,919		$	15,210		$	11,254		$	10,853		$	60,236
Operating income (loss):
Water transmission	$	18,033		$	10,499		$	6,306		$	5,505		$	40,343
Tubular products		2,735			2,774			2,951			3,483			11,943
Corporate		(3,879	)		(4,004	)		(3,559	)		(3,309	)		(14,751	)
Total	$	16,889		$	9,269		$	5,698		$	5,679		$	37,535
Net income	$	9,506		$	5,561		$	1,016		$	(17,006	)	$	(923	)
Basic Earnings (loss) per share:
Continuing Operations	$	1.16		$	0.59		$	0.29		$	0.26		$	2.29
Discontinued Operations		(0.15	)		—			(0.18	)		(2.06	)	$	(2.39	)
Total	$	1.01		$	0.59		$	0.11		$	(1.80	)	$	(0.10	)
Diluted Earnings (loss) per share:
Continuing Operations	$	1.16		$	0.59		$	0.29		$	0.25		$	2.27
Discontinued Operations		(0.16	)		—			(0.18	)		(2.03	)		(2.37	)
Total	$	1.00		$	0.59		$	0.11		$	(1.78	)	$	(0.10	)