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Discontinued Operations
12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
On September 4, 2020, the Company completed the sale of its upstream oil and gas Test and Inspection Services business. Proceeds from the sale were $4,000 and resulted in a loss of $10,034 net of tax. The Company has reflected the results of operations of the Test and Inspection Services business as discontinued operations in the Consolidated Financial statements for all periods presented. The Test and Inspection Services business was historically included in the legacy Tubular and Energy segment, whose remaining divisions are now included as part of the Steel Products and Measurement segment.
The following table provides the net sales and losses from discontinued operations for the periods presented:
December 31,
20212020
Net sales$— $13,590 
Income (loss) from discontinued operations72 (10,807)
Income tax benefit— 2,600 
Loss on the sale of discontinued operations— (13,172)
Income tax benefit on the sale of discontinued operations— 3,138 
Loss from discontinued operations$72 $(18,241)