usap-10q_20200331.htm

0001564590-20-017969.txt : 20200422 0001564590-20-017969.hdr.sgml : 20200422 20200422171331 ACCESSION NUMBER: 0001564590-20-017969 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 59 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200422 DATE AS OF CHANGE: 20200422 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL STAINLESS & ALLOY PRODUCTS INC CENTRAL INDEX KEY: 0000931584 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 251724540 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-25032 FILM NUMBER: 20808551 BUSINESS ADDRESS: STREET 1: 600 MAYER ST CITY: BRIDGEVILLE STATE: PA ZIP: 15017 BUSINESS PHONE: 4122577600 MAIL ADDRESS: STREET 1: 600 MAYER ST CITY: BRIDGEVILLE STATE: PA ZIP: 15017 10-Q 1 usap-10q_20200331.htm 10-Q usap-10q_20200331.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

☑	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2020

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from to

Commission File Number 000-25032

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

(Exact name of Registrant as specified in its charter)

Delaware

25-1724540

(State or other jurisdiction of

incorporation or organization)

(IRS Employer

Identification No.)

600 Mayer Street

Bridgeville, PA 15017

(Address of principal executive offices, including zip code)

(412) 257-7600

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of Each Class

Trading Symbol

Name of Each Exchange

on Which Registered

Common Stock, par value $0.001 per share

USAP

The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☑

Non-accelerated filer	☐	Smaller reporting company	☑

Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

As of April 17, 2020, there were 8,803,116 shares of the Registrant’s common stock outstanding.

Universal Stainless & Alloy Products, Inc.

Table of Contents

	DESCRIPTION	PAGE NO.

PART I.	FINANCIAL INFORMATION	1

Item 1.	Financial Statements	1

	Consolidated Statements of Operations	1

	Consolidated Statements of Comprehensive (Loss) Income	2

	Consolidated Balance Sheets	3

	Consolidated Statements of Cash Flow	4

	Consolidated Statements of Shareholders' Equity	5

	Notes to the Unaudited Consolidated Financial Statements	6

Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	17

Item 4.	Controls and Procedures	18

PART II.	OTHER INFORMATION	19

Item 1.	Legal Proceedings	19

Item 1A.	Risk Factors	19

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	19

Item 3.	Defaults Upon Senior Securities	19

Item 4.	Mine Safety Disclosures	19

Item 5.	Other Information	19

Item 6.	Exhibits	20

SIGNATURES		21

Part I.

FINANCIAL INFORMATION

Item 1.

FINANCIAL STATEMENTS

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in Thousands, Except Per Share Information)

(Unaudited)

	Three months ended
	March 31,
	2020		2019

Net sales	$	58,494	$	60,271
Cost of products sold		53,585		52,901

Gross margin		4,909		7,370
Selling, general and administrative expenses		5,908		4,966

Operating (loss) income		(999)		2,404
Interest expense and other financing costs		952		913
Other (income) expense, net		(17)		21

(Loss) income before income taxes		(1,934)		1,470
(Benefit) provision for income taxes		(523)		248

Net (loss) income	$	(1,411)	$	1,222

Net (loss) income per common share - Basic	$	(0.16)	$	0.14

Net (loss) income per common share - Diluted	$	(0.16)	$	0.14

Weighted average shares of common stock outstanding
Basic		8,801,337		8,761,538
Diluted		8,801,337		8,860,525

The accompanying notes are an integral part of these consolidated financial statements.

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(Dollars in Thousands)

(Unaudited)

	Three months ended
	March 31,
	2020			2019

Net (loss) income	$	(1,411	)	$	1,222
Other comprehensive income (loss), net of tax
Adoption of ASU 2018-02		-			(21	)
Unrealized gain (loss) on foreign currency contracts		120			(67	)
Comprehensive (loss) income	$	(1,291	)	$	1,134

The accompanying notes are an integral part of these consolidated financial statements.

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

CONSOLIDATED BALANCE SHEETS

(Dollars in Thousands, Except Per Share Information)

	March 31,		December 31,
	2020		2019
	(Unaudited)
ASSETS
Current assets:
Cash	$	233	$	170
Accounts receivable (less allowance for doubtful accounts of $295)		36,614		35,595
Inventory, net		146,779		147,402
Other current assets		8,877		8,300

Total current assets		192,503		191,467

Property, plant and equipment, net		173,994		176,061
Other long-term assets		758		871

Total assets	$	367,255	$	368,399

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	29,907	$	40,912
Accrued employment costs		3,762		4,449
Current portion of long-term debt		17,203		3,934
Other current liabilities		799		830

Total current liabilities		51,671		50,125

Long-term debt, net		59,075		60,411
Deferred income taxes		10,472		10,962
Other long-term liabilities, net		3,681		3,765

Total liabilities		124,899		125,263

Stockholders’ equity:
Senior preferred stock, par value $0.001 per share; 1,980,000 shares authorized; 0 shares issued and outstanding		-		-
Common stock, par value $0.001 per share; 20,000,000 shares authorized; 9,097,395 and 9,093,715 shares issued, respectively		9		9
Additional paid-in capital		95,493		94,982
Accumulated other comprehensive income (loss)		89		(31)
Retained earnings		149,076		150,487
Treasury stock, at cost; 294,279 common shares held		(2,311)		(2,311)

Total stockholders’ equity		242,356		243,136

Total liabilities and stockholders’ equity	$	367,255	$	368,399

The accompanying notes are an integral part of these consolidated financial statements.

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOW

(Dollars in Thousands)

(Unaudited)

	Three months ended
	March 31,
	2020			2019

Operating Activities:
Net (loss) income	$	(1,411	)	$	1,222
Adjustments for non-cash items:
Depreciation and amortization		5,025			4,646
Deferred income tax		(525	)		235
Share-based compensation expense		511			432
Changes in assets and liabilities:
Accounts receivable, net		(1,019	)		(2,003	)
Inventory, net		12			(12,962	)
Accounts payable		(9,161	)		(1,314	)
Accrued employment costs		(687	)		(4,390	)
Income taxes		7			12
Other, net		(524	)		(3,719	)

Net cash used in operating activities		(7,772	)		(17,841	)

Investing Activity:
Capital expenditures		(4,042	)		(5,557	)

Net cash used in investing activity		(4,042	)		(5,557	)

Financing Activities:
Borrowings under revolving credit facility		49,232			50,450
Payments on revolving credit facility		(34,872	)		(29,339	)
Payments on term loan facility, finance leases, and notes		(2,483	)		(2,472	)
Bank overdrafts		-			1,276
Proceeds from the exercise of stock options		-			41

Net cash provided by financing activities		11,877			19,956

Net increase (decrease) in cash and restricted cash		63			(3,442	)
Cash and restricted cash at beginning of period		170			4,091

Cash and restricted cash at end of period	$	233		$	649

The following table reconciles cash and restricted cash above to the Consolidated Balance Sheets

	March 31, 2020		March 31, 2019
Cash	$	233	$	237
Restricted cash included in other long-term assets		-		412
Total cash and restricted cash	$	233	$	649

Amounts included in restricted cash represent those funds required to be used pursuant to the construction of a new bar cell unit at the Company's Dunkirk, NY facility. These funds were obtained pursuant to the terms of the New Markets Tax Credit Program.

The accompanying notes are an integral part of these consolidated financial statements.

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

(Dollars in Thousands)

(Unaudited)

										Accumulated
	Common				Additional					other
	shares		Common		paid-in		Retained			comprehensive			Treasury			Treasury
	outstanding		stock		capital		earnings			income (loss)			shares			stock

For the three months ended March 31, 2020

Balance at December 31, 2019		8,799,436	$	9	$	94,982	$	150,487		$	(31	)		294,279	$		(2,311	)
Share-based compensation		3,680		-		511		-			-			-			-
Net gain on derivative instruments		-		-		-		-			120			-			-
Net loss		-		-		-		(1,411	)		-			-			-
Balance at March 31, 2020		8,803,116	$	9	$	95,493	$	149,076		$	89			294,279	$		(2,311	)

For the three months ended March 31, 2019

Balance at December 31, 2018	8,752,490	$	9	$	93,100	$	146,191	$	1		292,855	$	(2,290	)
Common stock issuance under
Employee Stock Purchase Plan	9,270		-		128		-		-		-		-
Exercise of stock options	4,050		-		41		-		-		-		-
Share-based compensation	6,401		-		432		-		-		-		-
Net loss on derivative instruments	-		-		-		-		(67	)	-		-
Adoption of ASU 2018-02	-		-		-		21		(21	)	-		-
Net income	-		-		-		1,222		-		-		-
Balance at March 31, 2019	8,772,211	$	9	$	93,701	$	147,434	$	(87	)	292,855	$	(2,290	)

The accompanying notes are an integral part of these consolidated financial statements.

UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Note 1: Nature of Business and Basis of Presentation

Universal Stainless & Alloy Products, Inc., and its wholly-owned subsidiaries (collectively, “Universal,” “we,” “us,” “our,” or the “Company”), manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Our manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Our products are sold to service centers, forgers, rerollers, original equipment manufacturers and wire redrawers. Our customers further process our products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment, and general industrial manufacturing industries. We also perform conversion services on materials supplied by customers.

The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated.

When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.

Recently Adopted Accounting Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements.

Recently Issued Accounting Pronouncements

The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

Note 2: Net (loss) income per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

	Three months ended
	March 31,
(dollars in thousands, except per share amounts)	2020			2019

Numerator:
Net (loss) income	$	(1,411	)	$	1,222

Denominator:
Weighted average number of shares of common stock outstanding		8,801,337			8,761,538
Weighted average effect of dilutive share-based compensation		-			98,987
Diluted weighted average number of shares of common stock outstanding		8,801,337			8,860,525

Net (loss) income per common share:
Net (loss) income per common share - Basic	$	(0.16	)	$	0.14
Net (loss) income per common share - Diluted	$	(0.16	)	$	0.14

We had options to purchase 741,550 and 641,500 shares of common stock outstanding at a weighted average price of $24.27 and $26.35 for the three months ended March 31, 2020 and 2019, respectively, which were excluded in the computation of diluted net (loss) income per common share. These options were not included in the computation of diluted net (loss) income per common share because their exercise prices were greater than the average market price of our common stock. In addition, the calculation of diluted net (loss) per share for the three months ended March 31, 2020 excluded 19,650 shares for the assumed exercise of stock options as a result of being in a net loss position.

Note 3: Revenue Recognition

The Company’s revenues are primarily comprised of sales of products. Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales and other taxes are excluded from revenues. Invoiced shipping and handling costs are included in revenue.

The Company’s revenue is primarily from products transferred to customers at a point in time. The Company recognizes revenue at the point in time in which the customer obtains control of the product, which is generally when product title passes to the customer upon shipment.

We have determined that there are certain customer agreements involving production of specified product grades and shapes that require revenue to be recognized over time, in advance of shipment, due to there being no alternative use for these grades and shapes without significant economic loss. Also, the Company maintains an enforceable right to payment including a normal profit margin from the customer in the event of contract termination. Contract assets related to services performed, not yet billed of $2.2 million are included in Accounts Receivable in the Consolidated Balance Sheets at March 31, 2020 and December 31, 2019.

The Company has elected the following practical expedients allowed under Accounting Standards Codification Topic 606:

•

Shipping costs are not considered to be separate performance obligations.

•

Performance obligations are satisfied within one year from a given reporting date; consequently, we omit disclosure of the transaction price apportioned to remaining performance obligations on open orders.

The following summarizes our revenue by melt type:


	Three months ended March 31,
	2020		2019
Net sales:
Specialty alloys	$	49,920	$	49,764
Premium alloys (A)		7,664		9,370
Conversion services and other sales		910		1,137

Total net sales	$	58,494		60,271

(A)	Premium alloys represent all vacuum induction melted (VIM) products.

Note 4: Inventory

Our raw material and starting stock inventory is primarily comprised of ferrous and non-ferrous scrap metal and alloys such as nickel, chrome, molybdenum, cobalt, vanadium and copper. Our semi-finished and finished steel products are work-in-process in various stages of production or are finished products waiting to be shipped to our customers.

Operating materials are primarily comprised of forge dies and production molds and rolls that are consumed over their useful lives. During the three months ended March 31, 2020 and 2019, we amortized these operating materials in the amount of $0.6 million in each period. This expense is recorded as a component of cost of products sold on the consolidated statements of operations and included as a part of our total depreciation and amortization on the consolidated statements of cash flows.

Inventory is stated at the lower of cost or net realizable value with cost principally determined on a weighted average cost method. Such costs include the acquisition cost for raw materials and supplies, direct labor and applied manufacturing overhead. We assess market based upon actual and estimated transactions at or around the balance sheet date. Typically, we reserve for slow-moving inventory and inventory that is being evaluated under our quality control process. The reserves are based upon management’s expected method of disposition.

Inventories consisted of the following:

	March 31,		December 31,
(in thousands)	2020		2019

Raw materials and starting stock	$	11,108	$	9,815
Semi-finished and finished steel products		125,880		127,713
Operating materials		13,126		13,090

Gross inventory		150,114		150,618
Inventory reserves		(3,335)		(3,216)

Total inventory, net	$	146,779	$	147,402

Note 5: Leases

The Company periodically enters into leases in its normal course of business. At March 31, 2020, the leases in effect were primarily related to mobile and other production equipment. The term of our leases is generally 60 months or less, and the leases do not have significant restrictions, covenants, or other nonstandard terms.

We adopted the guidance effective in Leases (Topic 842) on January 1, 2019. Adoption of this guidance did not change the balance sheet recognition of our finance leases or the income statement recognition of our finance or operating leases. As a result of adopting the guidance, the Company recorded lease liabilities and right-of-use assets related to its operating leases. The impact at adoption was immaterial to the Company’s consolidated financial statements.

Right-of-use assets and lease liabilities are recorded at the present value of minimum lease payments. For our operating leases, the assets are included in Other long-term assets on the consolidated balance sheets and are amortized within operating income over the respective lease terms. The long-term component of the lease liability is included in Other long-term liabilities, net, and the current component is included in Other current liabilities. For our finance leases, the assets are included in Property, plant and equipment, net on the consolidated balance sheets and are depreciated over the respective lease terms which range from three to five years. The long-term component of the lease liability is included in Long-term debt and the current component is included in Current portion of long-term debt.

The Company did not enter into any new lease agreements accounted for as operating or finance leases during the first quarter of 2020.

As of March 31, 2020, future minimum lease payments applicable to operating and finance leases were as follows:

	Operating Leases		Finance Leases
2020	$	159	$	434
2021		192		471
2022		181		56
2023		87		15
2024		11		-
Total minimum lease payments	$	630	$	976
Less amounts representing interest		(36)		(75)
Present value of minimum lease payments	$	594	$	901
Less current obligations		(204)		(774)
Total long-term lease obligations, net	$	390	$	127
Weighted-average remaining lease term		3.2 years		1.1 years

Right-of-use assets recorded to the consolidated balance sheet at March 31, 2020 were $0.6 million for operating leases and $0.6 million for finance leases. For the three months ended March 31, 2020, the amortization of finance lease assets was $0.1 million, and was included in cost of products sold in the Consolidated Statements of Operations.

The Company elected the practical expedient allowed under Leases (Topic 842) to exclude leases with a term of 12 months or less from the calculation of our lease liabilities and right-of-use assets.

In determining the lease liability and corresponding right-of-use asset for each lease, the Company calculated the present value of future lease payments using the interest rate implicit in the lease, when available, or the Company’s incremental borrowing rate. The incremental borrowing rate was determined with reference to the interest rate applicable under our senior secured revolving credit facility discussed in Note 6, Long-Term Debt, as this facility is collateralized by a first lien on substantially all of the assets of the Company and its term is similar to the term of our leases.

Note 6: Long-Term Debt

Long-term debt consisted of the following:

	March 31,		December 31,
(in thousands)	2020		2019

Revolving credit facility	$	53,840	$	39,480
Notes		15,000		17,000
Term loan		7,857		8,215
Finance leases		901		1,026

Total debt		77,598		65,721
Less: current portion of long-term debt		(17,203)		(3,934)
Less: deferred financing costs		(1,320)		(1,376)

Long-term debt, net	$	59,075	$	60,411

Credit Facility

On August 3, 2018, we entered into the First Amended and Restated Revolving Credit, Term Loan and Security Agreement (“Credit Agreement”) with PNC Bank, National Association, as administrative agent and co-collateral agent, Bank of America, N.A., as co-collateral agent, and PNC Capital Markets LLC, as sole lead arranger and sole bookrunner. The Credit Agreement and provides for a senior secured revolving credit facility not to exceed $110.0 million (“Revolving Credit Facility”) and a senior secured term loan facility (“Term Loan”) in the amount of $10.0 million (together with the Revolving Credit Facility, the “Facilities”). The Company was in compliance with all the applicable financial covenants at all reporting periods through March 31, 2020.

The Facilities, which expire on August 3, 2023 (the ‘Expiration Date”), are collateralized by a first lien on substantially all of the assets of the company and its subsidiaries, except that no real property is collateral under the Facilities other than Company’s real property in North Jackson, Ohio.

Liquidity”). At March 31, 2020, there were no payments due on the notes relevant to the Minimum Liquidity calculation. This requirement exists until the notes are paid in full, refinanced or extended.

The Company is required to pay a commitment fee of 0.25% based on the daily unused portion of the Revolving Credit Facility.

With respect to the Term Loan, the Company pays quarterly installments of the principal of approximately $0.4 million, plus accrued and unpaid interest, on the first day of each fiscal quarter beginning after September 30, 2018. To the extent not previously paid, the Term Loan will become due and payable in full on the Expiration Date.

Amounts outstanding under the Facilities, at the Company’s option, bear interest at either a base rate or a LIBOR based rate, in either case calculated in accordance with the terms of the Credit Agreement. Interest under the Credit Agreement is payable monthly. We elected to use the LIBOR based rate for the majority of the debt outstanding under the Facilities for the three months ended March 31, 2020, which was 2.76% on our Revolving Credit Facility and 3.84% for the Term Loan.

The Credit Agreement contains customary affirmative and negative covenants. If a triggering event occurs as defined in the Credit Agreement, the Company must maintain a fixed charge coverage ratio of not less than 1.10 to 1.0 measured on a rolling four quarter basis and calculated in accordance with the terms of the Credit Agreement.

At March 31, 2020, we had Credit Agreement related net deferred financing costs of approximately $0.7 million. For the three months ended March 31, 2020, we amortized $0.1 million of those deferred financing costs.

Notes

In connection with the acquisition of the North Jackson facility, in August 2011, we issued $20.0 million in aggregate principal amount of notes to the sellers of the North Jackson facility as partial consideration of the acquisition.

On January 21, 2016, the Company entered into Amended and Restated Notes in the aggregate principal amount of $20.0 million (the “Notes”), each in favor of Gorbert Inc. (“Holder”). The Company’s obligations under the Notes are collateralized by a second lien on the same assets of the Company that collateralize the obligations of the Company under the Facilities. The Holder had the right to elect at any time on or prior to August 17, 2017 to convert all or any portion of the outstanding principal amount of the Notes. The Holder’s conversion rights expired and are no longer subject to exercise.

The Notes were originally scheduled to mature on March 17, 2019. On March 30, 2018, the Company provided notification of its intent to extend the maturity date to March 17, 2020 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2020, principal payments in the aggregate of $2.0 million were made in March 2019.

On March 18, 2019, the Company provided notification of its intent to extend the maturity date to March 17, 2021 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2021, principal payments in the aggregate of $2.0 million were made in March 2020.

There are no further extension options remaining, and the remaining aggregate principal balance of the Notes outstanding of $15.0 million has been classified within Current portion of long-term debt as of March 31, 2020.

In accordance with the terms of the Notes, the Notes have borne interest at a rate of 6.0% per year since August 17, 2017. All accrued and unpaid interest is payable quarterly in arrears on each September 18, December 18, March 18 and June 18.

Note 7: New Markets Tax Credit Financing Transaction

On March 9, 2018, the Company entered into a qualified New Markets Tax Credit (“NMTC”) financing program with PNC New Markets Investment Partners, LLC and Boston Community Capital, Inc. related to a new mid-size bar cell capital project at the Company’s Dunkirk, NY facility. PNC New Markets Investment Partners, LLC made a capital contribution and the Company made a loan to Dunkirk Investment Fund, LLC (“Investment Fund”) under the qualified NMTC program. Through this financing transaction, the Company secured low interest financing and the potential for other future benefits related to its mid-size bar cell capital project.

In connection with the NMTC financing program, the Company loaned $6.7 million aggregate principal amount (“Leverage Loan”) due in March 2048, to the Investment Fund. Additionally, PNC New Markets Investment Partners, LLC contributed $3.5 million to the Investment Fund, and as such, PNC New Markets Investment Partners, LLC is entitled to substantially all tax and other benefits derived from the NMTC. The Investment Fund then contributed the proceeds to a community development entity (“CDE”). The CDE then loaned the funds, on similar terms, as the Leverage Loan to Dunkirk Specialty Steel, LLC, a wholly-owned subsidiary of the Company. The CDE loan proceeds are restricted for use on the mid-size bar cell capital project.

The NMTC is subject to 100 percent recapture for a period of seven years as provided in the Internal Revenue Code. The Company is required to comply with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, require the Company to indemnify PNC New Markets Investment Partners, LLC for any loss or recapture of NMTCs related to the financing until the Company’s obligation to deliver tax benefits is relieved. The Company does not anticipate any credit recaptures will be required in connection with this arrangement.

As of March 31, 2020 and December 31, 2019, the Company recorded $2.8 million within Other long-term liabilities related to this transaction, which represents the funds contributed to the Investment Fund by PNC New Markets Investment Partners, LLC.

This transaction also includes a put/call provision whereby the Company may be obligated or entitled to repurchase PNC New Markets Investment Partners, LLC’s interest in the Investment Fund. The Company believes that PNC New Markets Investment Partners, LLC will exercise the put option in March 2025, at the end of the recapture period, resulting in a gain of $2.8 million at that time. The value attributed to the put/call is negligible.

Direct costs incurred in structuring this financing transaction totaled $0.7 million. These costs were deferred and are amortized over the term of the loans.

The Company has determined that the Investment Fund and CDE are each a VIE, and that it is the primary beneficiary of each VIE. This conclusion was reached based on the following:

•

The ongoing activities of the VIE, collecting and remitting interest and fees, and NMTC compliance were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the VIE;

•

Contractual arrangements obligate the Company to comply with NMTC rules and regulations and provide various other guarantees to the Investment Fund and CDE;

•

PNC New Markets Investment Partners, LLC lacks a material interest in the underlying economics of the project; and

•

The Company is obligated to absorb losses of the VIE.

Because the Company is the primary beneficiary of each VIE, these entities have been included in the Company’s Consolidated Financial Statements.

Note 8: Fair Value Measurement

The fair value hierarchy has three levels based on the inputs used to determine fair value, which are as follows:

Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date.

Level 2 — Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability.

Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.

The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

The carrying amounts of our cash, accounts receivable and accounts payable approximated fair value at March 31, 2020 and December 31, 2019 due to their short-term maturities (Level 1). The fair value of the Term Loan and Revolving Credit facility at March 31, 2020 and December 31, 2019 approximated the carrying amount as the interest rate is based upon floating short-term interest rates (Level 2). The fair value of our Notes was approximately $15.0 million at March 31, 2020 and $16.9 million at December 31, 2019 (Level 2).

Note 9: Commitments and Contingencies

From time to time, various lawsuits and claims have been or may be asserted against us relating to the conduct of our business, including routine litigation relating to commercial and employment matters. The ultimate cost and outcome of any litigation or claim cannot be predicted with certainty. Management believes, based on information presently available, that the likelihood that the ultimate outcome of any such pending matter will have a material adverse effect on our financial condition, or liquidity or a material impact on our results of operations is remote, although the resolution of one or more of these matters may have a material adverse effect on our results of operations for the period in which the resolution occurs.

Note 10: Income Taxes

Management estimates the annual effective income tax rate quarterly, based on current annual forecasted results. Items unrelated to current year ordinary income are recognized entirely in the period identified as a discrete item of tax. The quarterly income tax provision includes tax on ordinary income provided at the most recent estimated annual effective tax rate (“ETR”), increased or decreased for the tax effect of discrete items.

For the three months ended March 31, 2020 and 2019, our estimated annual effective tax rates applied to ordinary income were 28.3% and 16.8%, respectively. The difference between the federal statutory rate of 21.0% and the projected annual ETR of 28.3% for 2020 is primarily due to research and development credits.

Discrete items during the three months ended March 31, 2020 and 2019 were not significant, and our ETR for the first quarter in each year was 27.0% and 16.9%, respectively.

Note 11: Derivatives and Hedging

The Company invoices certain customers in foreign currencies. In order to mitigate the risks associated with fluctuations in exchange rates with the US Dollar, the Company entered into foreign exchange forward contracts during 2020 and 2019 for a portion of these sales, and has designated these contracts as cash flow hedges.

At March 31, 2020, the notional value of contracts was $3.4 million, and a related accumulated unrealized gain of $0.1 million was recorded in other comprehensive income.

At December 31, 2019, the notional value of contracts was $4.9 million, and the related unrealized loss recorded in other comprehensive income was less than $0.1 million.

Note 12: Subsequent Events

There are many uncertainties regarding the current coronavirus ("COVID-19") pandemic, and the Company is closely monitoring the impact of the pandemic on all aspects of its business, including how it will impact its customers, employees, suppliers, vendors, business partners and distribution channels. We are unable to predict the impact that COVID-19 will have on its financial position and operating results due to numerous uncertainties. The Company expects to continue to assess the evolving impact of the COVID-19 pandemic and intends to make adjustments to its responses accordingly.

On April 15, 2020, the Company entered into a term note with PNC Bank, National Association (“PNC”), with a principal amount of $10.0 million pursuant to the Paycheck Protection Program (“PPP Term Note”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022. The PPP Term Note may be accelerated upon the occurrence of an event of default.

The PPP Term Note is unsecured and guaranteed by the United States Small Business Administration. The Company may apply to PNC for forgiveness of the PPP Term Note, with the amount which may be forgiven equal to the sum of payroll costs, covered rent and mortgage obligations, and covered utility payments incurred by the Company during the eight-week period beginning upon receipt of PPP Term Note funds, calculated in accordance with the terms of the CARES Act. At this time, we are not in a position to quantify the portion of the PPP Term Note that will be forgiven.

Item 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains or incorporates forward looking statements within the meaning of the Private Securities Reform Act of 1995, which involves risks and uncertainties. The following information should be read in conjunction with the unaudited consolidated financial information and the notes thereto included in this Quarterly Report on Form 10-Q. You should not place undue reliance on these forward looking statements. Actual events or results may differ materially due to competitive factors and other factors referred to in Part 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2019, our other filings with the Securities and Exchange Commission and elsewhere in this Quarterly Report. These factors may cause our actual results to differ materially from any forward looking statement. These forward looking statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which we operate, and management’s beliefs and assumptions. In addition, other written or oral statements that constitute forward looking statements may be made by us or on our behalf. Words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “estimate,” “may,” “target,” “project,” or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict.

Overview

We manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Our manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Our products are sold to service centers, forgers, rerollers, and original equipment manufacturers. Our customers further process our products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment and general industrial markets. We also perform conversion services on materials supplied by customers.

Sales in the first quarter of 2020 were $58.5 million, an increase of $3.3 million, or 6.0%, from the fourth quarter of 2019. During this period, sales to our largest end market, aerospace, increased $4.8 million, or 12.7%. Sales also increased in our heavy equipment end market, up $1.4 million, or 29.2%, compared to the fourth quarter of 2019. The heavy equipment sales primarily include our sales of tool steel plate. Sales decreased in our other end markets.

Compared to the first quarter of 2019, sales decreased by $1.8 million, or 2.9%. Sales in all our end markets were flat-to-down in the first quarter of 2020 compared to the first quarter of 2019. The largest decline was $1.0 million, or 18.1%, in our oil and gas end market sales, which have been negatively impacted by falling worldwide oil prices and other macroeconomic factors.

During the first quarter of 2020, our sales of premium alloy products, which we define as all vacuum induction melt products, represented $7.7 million, or 13.1% of total sales. This was an increase compared to the fourth quarter of 2019, and a decrease compared to the first quarter of 2019. Our premium alloy products are primarily sold to the aerospace end market.

Total company backlog, before surcharges, at the end of the first quarter of 2020 was $110.7 million, a decrease of $8.4 million, or 7.0%, compared to the end of 2019.

Our gross margin for the first quarter of 2020 was $4.9 million, or 8.4% of net sales, compared to $5.9 million, or 10.6% of net sales, for the fourth quarter of 2019 and $7.4 million, or 12.2% of net sales, for the first quarter of 2019. The decrease in gross margin in the current quarter was primarily due to unfavorable product mix, including cold rolled and semi-finished product.

Selling, General and Administrative (“SG&A”) expenses were $5.9 million, or 10.1% of net sales, in the first quarter of 2020 compared to $5.3 million, or 9.5% of net sales, in the fourth quarter of 2019 and $5.0 million, or 8.2% of net sales, in the first quarter of 2019. SG&A increased compared to both comparison periods due primarily to an increase in employee incentive compensation accruals.

The Company’s net loss for the quarter was $1.4 million, compared to net income of $0.2 million for the fourth quarter of 2019 and $1.2 million for the first quarter of 2019.

COVID-19 Pandemic

While the Company’s four plants continued to operate throughout the first quarter, COVID-19 related challenges arose which negatively impacted the efficiency of our operations. These challenges are expected to continue through the second quarter and may continue to do so thereafter. All of these factors may have far reaching impacts on the Company’s backlog, end markets, overall operations, cash flows and financial results.

The scope and nature of these impacts, most of which are beyond the Company’s control, continue to evolve, and the outcome is uncertain. The ultimate extent of the effects of the COVID-19 pandemic on the Company, and the end markets we serve, is highly uncertain and will depend on future developments and as such effects could exist for an extended period, even after the pandemic may end.

Results of Operations

Three months ended March 31, 2020 as compared to the three months ended March 31, 2019:

	Three months ended March 31,
(in thousands, except shipped ton information)	2020				2019

	Amount		Percentage of net sales		Amount		Percentage of net sales		Dollar / ton variance		Percentage variance

Net sales		58,494	100.0			60,271	100.0			(1,777)	(2.9)
Cost of products sold		53,585	91.6			52,901	87.8			684	1.3

Gross margin		4,909	8.4			7,370	12.2			(2,461)	(33.4)
Selling, general and administrative expenses		5,908	10.1			4,966	8.2			942	19.0

Operating (loss) income		(999)	(1.7)			2,404	4.0			(3,403)	(141.6)
Interest expense		896	1.5			854	1.4			42	4.9
Deferred financing amortization		56	0.1			59	0.1			(3)	(5.1)
Other (income) expense, net		(17)	-			21	-			38	181.0

(Loss) income before income taxes		(1,934)	(3.3)			1,470	2.5			(3,404)	(231.6)
(Benefit) provision for income taxes		(523)	(0.9)			248	0.4			(771)	(310.9)

Net (loss) income	$	(1,411)	(2.4)	%	$	1,222	2.1	%	$	(2,633)	(215.5)

Tons shipped		10,120				10,160				(40)	(0.4)

Sales dollars per shipped ton	$	5,780			$	5,932			$	(152)	(2.6)	%

Market Segment Information
	Three months ended March 31,
(in thousands)	2020				2019
	Amount		Percentage of net sales		Amount		Percentage of net sales		Dollar variance		Percentage variance
Net sales:
Service centers	$	42,884	73.3	%	$	43,056	71.4	%	$	(172)	(0.4)	%
Original equipment manufacturers		5,695	9.7			5,226	8.7			469	9.0
Rerollers		5,105	8.7			6,031	10.0			(926)	(15.4)
Forgers		3,900	6.7			4,821	8.0			(921)	(19.1)
Conversion services and other sales		910	1.6			1,137	1.9			(227)	(20.0)

Total net sales	$	58,494	100.0	%	$	60,271	100.0	%	$	(1,777)	(2.9)	%

Melt Type Information
	Three months ended March 31,
(in thousands)	2020				2019
	Amount		Percentage of net sales			Amount	Percentage of net sales		Dollar variance		Percentage variance
Net sales:
Specialty alloys	$	49,920	85.3	%	$	49,764	82.6	%	$	156	0.3	%
Premium alloys (A)		7,664	13.1			9,370	15.5			(1,706)	(18.2)
Conversion services and other sales		910	1.6			1,137	1.9			(227)	(20.0)

Total net sales	$	58,494	100.0	%	$	60,271	100.0	%	$	(1,777)	(2.9)	%

(A)	Premium alloys represent all vacuum induction melted (VIM) products.

The majority of our products are sold to service centers rather than the ultimate end market customers. The end market information in this Quarterly Report is our estimate based upon our knowledge of our customers and the grade of material sold to them, which they will in-turn sell to the ultimate end market customer.

End Market Information
	Three months ended March 31,
(in thousands)	2020				2019
	Amount		Percentage of net sales		Amount		Percentage of net sales		Dollar variance		Percentage variance
Net sales:
Aerospace	$	42,398	72.5	%	$	42,607	70.7	%	$	(209)	(0.5)	%
Power generation		2,217	3.8			2,503	4.2			(286)	(11.4)
Oil & gas		4,404	7.5			5,376	8.9			(972)	(18.1)
Heavy equipment		6,141	10.5			6,444	10.7			(303)	(4.7)
General industrial, conversion services and other sales		3,334	5.7			3,341	5.5			(7)	(0.2)

Total net sales	$	58,494	100.0	%	$	60,271	100.0	%	$	(1,777)	(2.9)	%

Net sales:

Net sales for the three months ended March 31, 2020 decreased $1.8 million, or 2.9%, compared to the prior year. This is primarily driven by a decrease in average sales dollar per shipped ton of 2.6%, which is a result of product mix and lower surcharges.

Sales in all our end markets were flat-to-down in the first quarter of 2020 compared to the first quarter of 2019. The largest decline was $1.0 million, or 18.1%, in our oil and gas end market sales, which have been negatively impacted by falling worldwide oil prices and other macroeconomic factors.

Gross margin:

As a percent of sales, our gross margin for the three months ended March 31, 2020 was 8.4% compared to 12.2% for the three months ended March 31, 2019. The decrease is primarily the result of less favorable product mix including, cold rolled and semi-finished product.

Selling, general and administrative expenses:

Our SG&A expenses consist primarily of employee costs, which include salaries, payroll taxes and benefit related costs, professional services, stock compensation and insurance costs. SG&A expenses increased by $0.9 million for the three months ended March 31, 2020 compared to the same period in the prior year. The primary drivers of the increase were higher business insurance expenses and higher employee incentive compensation accruals.

Interest expense and other financing costs:

Interest expense totaled approximately $0.9 million for both periods. The benefit of lower interest rates in the current quarter was offset by higher debt levels compared to the first quarter of 2019.

Income tax (benefit) provision:

For the three months ended March 31, 2020 our estimated annual effective tax rate applied to ordinary income was 28.3%. The difference between the statutory rate and the projected annual ETR is primarily due to research and development credits. Discrete items were not significant, and our ETR for the first quarter was 27.0%.

For the three months ended March 31, 2019 our estimated annual effective tax rate applied to ordinary income was 16.8%. The difference between the statutory rate and the projected annual ETR for 2019 was primarily due to research and development credits. Discrete items were not significant during the three months ended March 31, 2019, and our ETR for the first quarter was 16.9%.

Net (loss) income:

For the three months ended March 31, 2020, the Company recorded a net loss of $1.4 million, or $0.16 per diluted share, compared to net income of $1.2 million, or $0.14 per diluted share, for the three months ended March 31, 2019.

Liquidity and Capital Resources

Historically, we have financed our operations through cash provided by operating activities and borrowings on our credit facilities. At March 31, 2020, we maintained approximately $41.9 million of remaining availability under our revolving credit facility.

We believe that our cash flows from continuing operations, as well as available borrowings under our credit facility are adequate to satisfy our working capital, capital expenditure requirements, and other contractual obligations for the foreseeable future, including at least the next 12 months.

Net cash provided by (used in) operating activities:

During the three months ended March 31, 2020, net cash used in operating activities was $7.8 million. Our net loss, after adjustments for non-cash expenses, generated $3.6 million. We utilized $10.2 million of cash from managed working capital, which we define as net accounts receivable, plus inventory and minus accounts payable. Accounts receivable increased $1.0 million, due to higher sales, while inventory was approximately flat. Accounts payable decreased $9.2 million due to decreased melt activity and timing of payments in the quarter, and a reduction in operational spend activity. In addition, we utilized $1.2 million of cash from other assets and liabilities, primarily consisting of payments of accrued employment costs.

During the three months ended March 31, 2019, net cash used in operating activities was $17.8 million. Our net income, adjusted for non-cash expenses, generated $6.5 million. We utilized $16.3 million of cash from managed working capital, which we define as net accounts receivable, plus inventory and minus accounts payable. Accounts receivable increased $2.0 million due to the timing of sales and collections and accounts payable decreased $1.3 million due to the timing of payments to vendors. We used $13.0 million in the growth of inventory to support the increased order backlog. In addition, we utilized $8.0 million of cash from other assets and liabilities, primarily decreased accruals for employee related costs.

Net cash used in investing activities:

During the three months ended March 31, 2020, we used $4.0 million of cash for capital expenditures, compared to $5.6 million for the same period in the prior year. 2020 capital spending is expected to approximate $10.0 million.

Net cash provided by financing activities:

Net cash provided by financing activities was $11.9 million the three months ended March 31, 2020, compared to $20.0 million for the same period in the prior year. The decrease was due to lower capital expenditures and managed working capital needs.

Raw materials

The cost of raw materials represents approximately 40% of the cost of products sold in the first three months of 2020 and 2019. The major raw materials used in our operations include nickel, molybdenum, vanadium, chrome and carbon scrap. We maintain sales price surcharge mechanisms to mitigate the risk of substantial raw material cost fluctuations. The market values for these raw materials and others continue to fluctuate based on supply and demand, market disruptions and other factors. Over time, our surcharge mechanisms will effectively offset changes in raw material costs; however, during a period of rising or falling prices the timing will cause variation between reporting periods.

Credit Facility

On August 3, 2018, we entered into the First Amended and Restated Revolving Credit, Term Loan and Security Agreement (“Credit Agreement”) with PNC Bank, National Association, as administrative agent and co-collateral agent, Bank of America, N.A., as co-collateral agent, and PNC Capital Markets LLC, as sole lead arranger and sole bookrunner. The Credit Agreement provides for a senior secured revolving credit facility not to exceed $110.0 million (“Revolving Credit Facility”) and a senior secured term loan facility (“Term Loan”) in the amount of $10.0 million (together with the Revolving Credit Facility, the “Facilities”). The Company was in compliance with all the applicable financial covenants at all reporting periods through March 31, 2020.

The Facilities, which expire on August 3, 2023 (the ‘Expiration Date”), are collateralized by a first lien in substantially all of the assets of the company and its subsidiaries, except that no real property is collateral under the Facilities other than Company’s real property in North Jackson, Ohio.

Availability under the Credit Agreement is based on eligible accounts receivable and inventory. Further, the Company must maintain undrawn availability under the Credit Agreement of at least an amount equal to payments due on the notes issued in connection with the acquisition of the North Jackson facility, as defined in the Credit Agreement, plus 12.5% of the maximum borrowing amount of $110.0 million “(Minimum Liquidity”). At March 31, 2020, there were no payments due on the notes relevant to the Minimum Liquidity calculation. This requirement exists until the notes are paid in full, refinanced or extended.

The Company is required to pay a commitment fee of 0.25% based on the daily unused portion of the Revolving Credit Facility.

Notes

Leases

The Company periodically enters into leases in its normal course of business. We adopted the guidance effective in Leases (Topic 842) on January 1, 2019. As a result of adopting the guidance, the Company recorded lease liabilities and right-of-use assets related to its operating leases to the consolidated balance sheet at the present value of minimum lease payments. The assets are included in Other long-term assets in the consolidated balance sheets and are amortized over the respective terms, which are five years or less. The long-term component of the lease liability is recorded in Other long-term liabilities, net and the current component is included in Other current liabilities.

The accounting for finance leases did not change. The right-of-use assets and lease liabilities for finance leases are recorded at the present value of minimum lease payments. The assets are included in Property, plant and equipment, net on the consolidated balance sheets and are depreciated over the respective lease terms. The long-term component of the lease liability is included in Long-term debt and the current component is included in Current portion of long-term debt.

The Company did not enter into any new lease agreements accounted for as operating or finance leases during the first quarter of 2020.

Item 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company has reviewed its market risk and believes there are no significant changes from that disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, except as provided in this Form 10-Q in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and in Part II. Item 1A. “Risk Factors.”

Item 4.

CONTROLS AND PROCEDURES

The Company’s management, including the Company’s Chairman, President and Chief Executive Officer and its Vice President of Finance, Chief Financial Officer and Treasurer, performed an evaluation of the effectiveness of the Company’s disclosure controls and procedures. Based on that evaluation, the Company’s Chairman, President and Chief Executive Officer and its Vice President of Finance, Chief Financial Officer and Treasurer concluded that, as of the end of the fiscal period covered by this quarterly report, the Company’s disclosure controls and procedures are effective. During the fiscal quarter ended March 31, 2020, there were no changes in the Company’s internal control over financial reporting which have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Part II.

OTHER INFORMATION

Item 1.

LEGAL PROCEEDINGS

There are no material changes from the legal proceedings disclosed in Item 3. of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Item 1A.

RISK FACTORS

In addition to the other information set forth in this Quarterly Report on Form 10-Q, the factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 could materially affect our business, financial conditions or future results. Those risk factors are not the only risks facing us. Additional risks and uncertainties not currently known or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or operating results. We believe that there have been no material changes in our risk factors from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019, except for the additional factor described below.

Our business and operations, and the operations of our customers and suppliers, have been and are expected to continue to be adversely impacted by the COVID-19 pandemic.

The recent outbreak of COVID-19 has been declared by the World Health Organization to be a “pandemic” and has spread across the world, including the United States and many countries where the Company sells its products or sources raw materials.

Our operations and financial performance have been negatively impacted by the COVID-19 pandemic that has caused, and is expected to continue to cause, a global slowdown of economic activity, disruptions in global supply chains and significant volatility and disruption of financial markets. Because the severity, magnitude and duration of the COVID-19 pandemic and its economic consequences are uncertain, rapidly changing and difficult to predict, the COVID-19 pandemic’s impact on our operations and financial performance cannot be determined at this time. Further, the ultimate impact of the COVID-19 pandemic on our operations and financial performance depends on many factors that are not within our control, including, but not limited to, governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic (including restrictions on travel and transport and workforce pressures); the impact of the pandemic and actions taken in response on global and regional economies, travel and economic activity; general economic uncertainty in key global markets and financial market volatility; global economic conditions and levels of economic growth; commodity prices; and the pace of recovery when the COVID-19 pandemic subsides.

We have begun to experience, and expect to continue experiencing, lower demand and volume for our products, including delivery and shipping delays and deferrals directly and indirectly to the COVID-19 pandemic that adversely impact our businesses. We expect that the longer the period of economic and global supply chain and disruption continues, the more material the adverse impact will be on our business operations, financial performance and results of operations.

As the impact of the COVID-19 pandemic on the economy and our operations evolves, we will continue to assess our liquidity needs. A continued worldwide disruption could materially affect our future access to our sources of liquidity, financial condition, capitalization and capital investments. In the event of a sustained market deterioration, we may need additional liquidity, which would require us to evaluate available alternatives and take appropriate actions. Additionally, a prolonged period of generating lower cash from operations could adversely affect our financial condition and the achievement of our strategic objectives. Conditions in the financial and credit markets also may limit the availability of funding or increase the cost of funding, which could adversely affect our business, financial position and results of operations.

Item 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

Item 3.

DEFAULTS UPON SENIOR SECURITIES

None.

Item 4.

MINE SAFETY DISCLOSURES

Not Applicable.

Item 5.

OTHER INFORMATION

Not Applicable.

Item 6.

EXHIBITS

Exhibit Number		Exhibit

10.1		Paycheck Protection Program Term Note, dated as of April 15, 2020 (Incorporated herein by reference to Exhibit 10.1 to the Current Report on Form 8-K filed April 22, 2020).

31.1		Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).

31.2		Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith).

32.1		Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith).

101		The following financial information from this Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2020, formatted in XBRL (Extensible Business Reporting Language) and filed electronically herewith: (i) the Consolidated Balance Sheets; (ii) the Consolidated Statements of Operations; (iii) the Consolidated Statements of Comprehensive Income; (iv) the Consolidated Statements of Cash Flows; the Consolidated Statements of Shareholders’ Equity; and (v) the Notes to the Consolidated Financial Statements (filed herewith).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: April 22, 2020

/s/ Dennis M. Oates		/s/ Christopher T. Scanlon
Dennis M. Oates		Christopher T. Scanlon
Chairman, President and Chief Executive Officer		Vice President of Finance,
(Principal Executive Officer)		Chief Financial Officer and Treasurer
		(Principal Financial and Accounting Officer)

EX-31.1 2 usap-ex311_8.htm EX-31.1 usap-ex311_8.htm

Exhibit 31.1

CERTIFICATION

I, Dennis M. Oates, certify that:

1.	I have reviewed this report on Form 10-Q of Universal Stainless & Alloy Products, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 22, 2020

/s/ Dennis M. Oates
Dennis M. Oates
Chairman, President and Chief Executive Officer
(Principal Executive Officer)

EX-31.2 3 usap-ex312_6.htm EX-31.2 usap-ex312_6.htm

Exhibit 31.2

CERTIFICATION

I, Christopher T. Scanlon, certify that:

1.	I have reviewed this report on Form 10-Q of Universal Stainless & Alloy Products, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 22, 2020

/s/ Christopher T. Scanlon
Christopher T. Scanlon
Vice President of Finance,
Chief Financial Officer and Treasurer
(Principal Financial and Accounting Officer)

EX-32.1 4 usap-ex321_7.htm EX-32.1 usap-ex321_7.htm

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Universal Stainless & Alloy Products, Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2020 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1.	The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: April 22, 2020		/s/ Dennis M. Oates
		Dennis M. Oates
		Chairman, President and Chief Executive Officer
		(Principal Executive Officer)

Date: April 22, 2020		/s/ Christopher T. Scanlon
		Christopher T. Scanlon
		Vice President of Finance,
		Chief Financial Officer and Treasurer
		(Principal Financial and Accounting Officer)

GRAPHIC 5 gwrj4wwzzboz000001.jpg GRAPHIC begin 644 gwrj4wwzzboz000001.jpg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end EX-101.INS 6 usap-20200331.xml XBRL INSTANCE DOCUMENT xbrli:shares iso4217:USD iso4217:USD xbrli:shares usap:Lease xbrli:pure 0000931584 2020-01-01 2020-03-31 0000931584 2020-04-17 0000931584 2019-01-01 2019-03-31 0000931584 2020-03-31 0000931584 2019-12-31 0000931584 2018-12-31 0000931584 2019-03-31 0000931584 us-gaap:CommonStockMember 2019-12-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0000931584 us-gaap:RetainedEarningsMember 2019-12-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0000931584 us-gaap:TreasuryStockMember 2019-12-31 0000931584 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0000931584 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0000931584 us-gaap:CommonStockMember 2020-03-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0000931584 us-gaap:RetainedEarningsMember 2020-03-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0000931584 us-gaap:TreasuryStockMember 2020-03-31 0000931584 us-gaap:CommonStockMember 2018-12-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000931584 us-gaap:RetainedEarningsMember 2018-12-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000931584 us-gaap:TreasuryStockMember 2018-12-31 0000931584 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000931584 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000931584 us-gaap:CommonStockMember 2019-03-31 0000931584 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000931584 us-gaap:RetainedEarningsMember 2019-03-31 0000931584 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000931584 us-gaap:TreasuryStockMember 2019-03-31 0000931584 us-gaap:StockCompensationPlanMember 2020-01-01 2020-03-31 0000931584 us-gaap:StockCompensationPlanMember 2019-01-01 2019-03-31 0000931584 us-gaap:AccountsReceivableMember 2020-03-31 0000931584 us-gaap:AccountsReceivableMember 2019-12-31 0000931584 us-gaap:AccountingStandardsUpdate201409Member 2020-01-01 2020-03-31 0000931584 usap:SpecialtyAlloysMember 2020-01-01 2020-03-31 0000931584 usap:SpecialtyAlloysMember 2019-01-01 2019-03-31 0000931584 usap:PremiumAlloysMember 2020-01-01 2020-03-31 0000931584 usap:PremiumAlloysMember 2019-01-01 2019-03-31 0000931584 usap:ConversionServicesAndOtherSalesMember 2020-01-01 2020-03-31 0000931584 usap:ConversionServicesAndOtherSalesMember 2019-01-01 2019-03-31 0000931584 srt:MaximumMember 2020-01-01 2020-03-31 0000931584 srt:MinimumMember 2020-03-31 0000931584 srt:MaximumMember 2020-03-31 0000931584 us-gaap:RevolvingCreditFacilityMember 2020-03-31 0000931584 us-gaap:RevolvingCreditFacilityMember 2019-12-31 0000931584 us-gaap:NotesPayableOtherPayablesMember 2020-03-31 0000931584 us-gaap:NotesPayableOtherPayablesMember 2019-12-31 0000931584 us-gaap:NotesPayableToBanksMember 2020-03-31 0000931584 us-gaap:NotesPayableToBanksMember 2019-12-31 0000931584 us-gaap:CapitalLeaseObligationsMember 2020-03-31 0000931584 us-gaap:CapitalLeaseObligationsMember 2019-12-31 0000931584 us-gaap:RevolvingCreditFacilityMember usap:PncBankMember usap:AmendedAndRestatedPriorCreditAgreementMember 2018-08-03 0000931584 usap:PncBankMember us-gaap:NotesPayableToBanksMember usap:AmendedAndRestatedPriorCreditAgreementMember 2018-08-03 0000931584 usap:AmendedAndRestatedPriorCreditAgreementMember usap:PncBankMember 2020-01-01 2020-03-31 0000931584 us-gaap:RevolvingCreditFacilityMember usap:PncBankMember 2020-01-01 2020-03-31 0000931584 us-gaap:NotesPayableToBanksMember usap:PncBankMember 2020-01-01 2020-03-31 0000931584 usap:PncBankMember us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2020-03-31 0000931584 usap:PncBankMember us-gaap:LondonInterbankOfferedRateLIBORMember us-gaap:NotesPayableToBanksMember 2020-03-31 0000931584 usap:PncBankMember 2018-08-03 0000931584 us-gaap:RevolvingCreditFacilityMember usap:PncBankMember 2020-03-31 0000931584 usap:NorthJacksonFacilityMember us-gaap:NotesPayableOtherPayablesMember 2011-08-31 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2016-01-21 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2016-01-20 2016-01-21 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2018-03-30 2018-03-30 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2018-03-30 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2019-03-17 2019-03-18 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2019-03-18 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:GorbertIncMember 2020-03-31 0000931584 us-gaap:NotesPayableOtherPayablesMember usap:InterestRatePeriodOneMember usap:GorbertIncMember 2016-01-21 0000931584 usap:NewMarketsTaxCreditProgramMember 2018-03-09 0000931584 usap:NewMarketsTaxCreditProgramMember 2018-03-08 2018-03-09 0000931584 usap:PNCNewMarketsInvestmentPartnersLLCMember usap:NewMarketsTaxCreditProgramMember 2018-03-09 0000931584 2018-03-08 2018-03-09 0000931584 usap:NewMarketsTaxCreditProgramMember 2020-03-31 0000931584 usap:NewMarketsTaxCreditProgramMember 2019-12-31 0000931584 us-gaap:FairValueInputsLevel2Member 2020-03-31 0000931584 us-gaap:FairValueInputsLevel2Member 2019-12-31 0000931584 us-gaap:ResearchMember 2020-01-01 2020-03-31 0000931584 us-gaap:ForeignExchangeForwardMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2020-03-31 0000931584 us-gaap:ForeignExchangeForwardMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2019-12-31 0000931584 srt:MaximumMember 2019-12-31 0000931584 us-gaap:SubsequentEventMember usap:PPPTermNoteMember usap:CARESActMember 2020-04-15 0000931584 us-gaap:SubsequentEventMember usap:PPPTermNoteMember usap:CARESActMember 2020-04-14 2020-04-15 10-Q false 2020-03-31 2020 Q1 USAP UNIVERSAL STAINLESS & ALLOY PRODUCTS INC 0000931584 Yes Yes --12-31 Accelerated Filer true false Common Stock, par value $0.001 per share NASDAQ 8803116 false 000-25032 DE 25-1724540 600 Mayer Street Bridgeville PA 15017 412 257-7600 true false

58494000

60271000

53585000

52901000

4909000

7370000

5908000

4966000

-999000

2404000

952000

913000

17000

-21000

-1934000

1470000

-523000

248000

-1411000

1222000

-0.16

0.14

-0.16

0.14

8801337

8761538

8801337

8860525

-21000

120000

-67000

-1291000

1134000

233000

170000

36614000

35595000

146779000

147402000

8877000

8300000

192503000

191467000

173994000

176061000

758000

871000

367255000

368399000

29907000

40912000

3762000

4449000

17203000

3934000

799000

830000

51671000

50125000

59075000

60411000

10472000

10962000

3681000

3765000

124899000

125263000

9000

95493000

94982000

89000

-31000

149076000

150487000

2311000

242356000

243136000

367255000

368399000

295000

0.001

1980000

0.001

20000000

9097395

9093715

294279

-1411000

1222000

5025000

4646000

-525000

235000

511000

432000

1019000

2003000

-12000

12962000

-9161000

-1314000

-687000

-4390000

7000

12000

524000

3719000

-7772000

-17841000

4042000

5557000

-4042000

-5557000

49232000

50450000

34872000

29339000

2483000

2472000

1276000

41000

11877000

19956000

63000

-3442000

170000

4091000

233000

649000

237000

412000

us-gaap:OtherAssetsNoncurrent

8799436

9000

94982000

150487000

-31000

294279

-2311000

3680

511000

120000

-1411000

8803116

9000

95493000

149076000

89000

294279

-2311000

8752490

9000

93100000

146191000

1000

292855

-2290000

9270

128000

4050

41000

6401

432000

-67000

21000

-21000

1222000

8772211

9000

93701000

147434000

-87000

292855

-2290000

Note 1: Nature of Business and Basis of Presentation Universal Stainless & Alloy Products, Inc., and its wholly-owned subsidiaries (collectively, “Universal,” “we,” “us,” “our,” or the “Company”), manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Our manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Our products are sold to service centers, forgers, rerollers, original equipment manufacturers and wire redrawers. Our customers further process our products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment, and general industrial manufacturing industries. We also perform conversion services on materials supplied by customers. The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated. When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements. Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

Note 2: Net (loss) income per Common Share The following table sets forth the computation of basic and diluted net income per common share:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;">  </td> <td colspan="8" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.68%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three months ended</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="8" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.68%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(dollars in thousands, except per share amounts)</td> <td colspan="3" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.04%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.04%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Numerator:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,411</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,222</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Denominator:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average number of shares of common stock outstanding</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,801,337</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,761,538</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average effect of dilutive share-based compensation</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">98,987</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Diluted weighted average number of shares of common stock outstanding</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,801,337</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,860,525</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share - Basic</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.16</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.14</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share - Diluted</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.16</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.14</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> </table>  </div> We had options to purchase 741,550 and 641,500 shares of common stock outstanding at a weighted average price of $24.27 and $26.35 for the three months ended March 31, 2020 and 2019, respectively, which were excluded in the computation of diluted net (loss) income per common share. These options were not included in the computation of diluted net (loss) income per common share because their exercise prices were greater than the average market price of our common stock. In addition, the calculation of diluted net (loss) per share for the three months ended March 31, 2020 excluded 19,650 shares for the assumed exercise of stock options as a result of being in a net loss position.

Note 3: Revenue Recognition The Company’s revenues are primarily comprised of sales of products. Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales and other taxes are excluded from revenues. Invoiced shipping and handling costs are included in revenue. The Company’s revenue is primarily from products transferred to customers at a point in time. The Company recognizes revenue at the point in time in which the customer obtains control of the product, which is generally when product title passes to the customer upon shipment. We have determined that there are certain customer agreements involving production of specified product grades and shapes that require revenue to be recognized over time, in advance of shipment, due to there being no alternative use for these grades and shapes without significant economic loss. Also, the Company maintains an enforceable right to payment including a normal profit margin from the customer in the event of contract termination. Contract assets related to services performed, not yet billed of $2.2 million are included in Accounts Receivable in the Consolidated Balance Sheets at March 31, 2020 and December 31, 2019. The Company has elected the following practical expedients allowed under Accounting Standards Codification Topic 606: <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> Shipping costs are not considered to be separate performance obligations.</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> Performance obligations are satisfied within one year from a given reporting date; consequently, we omit disclosure of the transaction price apportioned to remaining performance obligations on open orders. </td></tr></table></div> The following summarizes our revenue by melt type: <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;">  </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="8" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:45.24%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three months ended March 31,</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20.9%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20.9%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net sales:</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Specialty alloys</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">49,920</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">49,764</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Premium alloys (A)</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,664</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,370</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Conversion services and other sales</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">910</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,137</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total net sales</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">58,494</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">60,271</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> </table>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.56%;white-space:nowrap"> (A)</td> <td valign="top"> Premium alloys represent all vacuum induction melted (VIM) products.</td></tr></table></div></div>

Note 4: Inventory Our raw material and starting stock inventory is primarily comprised of ferrous and non-ferrous scrap metal and alloys such as nickel, chrome, molybdenum, cobalt, vanadium and copper. Our semi-finished and finished steel products are work-in-process in various stages of production or are finished products waiting to be shipped to our customers. Operating materials are primarily comprised of forge dies and production molds and rolls that are consumed over their useful lives. During the three months ended March 31, 2020 and 2019, we amortized these operating materials in the amount of $0.6 million in each period. This expense is recorded as a component of cost of products sold on the consolidated statements of operations and included as a part of our total depreciation and amortization on the consolidated statements of cash flows. Inventory is stated at the lower of cost or net realizable value with cost principally determined on a weighted average cost method. Such costs include the acquisition cost for raw materials and supplies, direct labor and applied manufacturing overhead. We assess market based upon actual and estimated transactions at or around the balance sheet date. Typically, we reserve for slow-moving inventory and inventory that is being evaluated under our quality control process. The reserves are based upon management’s expected method of disposition. Inventories consisted of the following:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;">  </td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">December 31,</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(in thousands)</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Raw materials and starting stock</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11,108</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,815</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Semi-finished and finished steel products</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">125,880</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">127,713</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Operating materials</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,126</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,090</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gross inventory</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">150,114</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">150,618</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Inventory reserves</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,335)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,216)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total inventory, net</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">146,779</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">147,402</td> </tr> </table></div>

Note 5: Leases The Company periodically enters into leases in its normal course of business. At March 31, 2020, the leases in effect were primarily related to mobile and other production equipment. The term of our leases is generally 60 months or less, and the leases do not have significant restrictions, covenants, or other nonstandard terms. We adopted the guidance effective in Leases (Topic 842) on January 1, 2019. Adoption of this guidance did not change the balance sheet recognition of our finance leases or the income statement recognition of our finance or operating leases. As a result of adopting the guidance, the Company recorded lease liabilities and right-of-use assets related to its operating leases. The impact at adoption was immaterial to the Company’s consolidated financial statements. Right-of-use assets and lease liabilities are recorded at the present value of minimum lease payments. For our operating leases, the assets are included in Other long-term assets on the consolidated balance sheets and are amortized within operating income over the respective lease terms. The long-term component of the lease liability is included in Other long-term liabilities, net, and the current component is included in Other current liabilities. For our finance leases, the assets are included in Property, plant and equipment, net on the consolidated balance sheets and are depreciated over the respective lease terms which range from three to five years. The long-term component of the lease liability is included in Long-term debt and the current component is included in Current portion of long-term debt. The Company did not enter into any new lease agreements accounted for as operating or finance leases during the first quarter of 2020. As of March 31, 2020, future minimum lease payments applicable to operating and finance leases were as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:19.32%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Operating Leases</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:19.32%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Finance Leases</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">159</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">434</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">192</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">471</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2022</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">181</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">56</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2023</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">87</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2024</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total minimum lease payments</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">630</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">976</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less amounts representing interest</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(36)</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(75)</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Present value of minimum lease payments</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">594</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">901</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less current obligations</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(204)</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(774)</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total long-term lease obligations, net</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">390</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">127</td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted-average remaining lease term</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.2 years</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1 years</td> </tr> </table></div>   Right-of-use assets recorded to the consolidated balance sheet at March 31, 2020 were $0.6 million for operating leases and $0.6 million for finance leases. For the three months ended March 31, 2020, the amortization of finance lease assets was $0.1 million, and was included in cost of products sold in the Consolidated Statements of Operations.   The Company elected the practical expedient allowed under Leases (Topic 842) to exclude leases with a term of 12 months or less from the calculation of our lease liabilities and right-of-use assets.   In determining the lease liability and corresponding right-of-use asset for each lease, the Company calculated the present value of future lease payments using the interest rate implicit in the lease, when available, or the Company’s incremental borrowing rate. The incremental borrowing rate was determined with reference to the interest rate applicable under our senior secured revolving credit facility discussed in Note 6, Long-Term Debt, as this facility is collateralized by a first lien on substantially all of the assets of the Company and its term is similar to the term of our leases.

Note 6: Long-Term Debt Long-term debt consisted of the following:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">December 31,</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(in thousands)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving credit facility</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">53,840</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">39,480</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Notes</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,000</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term loan</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,857</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,215</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Finance leases</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">901</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,026</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total debt</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">77,598</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">65,721</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: current portion of long-term debt</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(17,203)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,934)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: deferred financing costs</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,320)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,376)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Long-term debt, net</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">59,075</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">60,411</td> </tr> </table></div>   Credit Facility On August 3, 2018, we entered into the First Amended and Restated Revolving Credit, Term Loan and Security Agreement (“Credit Agreement”) with PNC Bank, National Association, as administrative agent and co-collateral agent, Bank of America, N.A., as co-collateral agent, and PNC Capital Markets LLC, as sole lead arranger and sole bookrunner. The Credit Agreement and provides for a senior secured revolving credit facility not to exceed $110.0 million (“Revolving Credit Facility”) and a senior secured term loan facility (“Term Loan”) in the amount of $10.0 million (together with the Revolving Credit Facility, the “Facilities”). The Company was in compliance with all the applicable financial covenants at all reporting periods through March 31, 2020.   The Facilities, which expire on August 3, 2023 (the ‘Expiration Date”), are collateralized by a first lien on substantially all of the assets of the company and its subsidiaries, except that no real property is collateral under the Facilities other than Company’s real property in North Jackson, Ohio. Availability under the Credit Agreement is based on eligible accounts receivable and inventory. Further, the Company must maintain undrawn availability under the Credit Agreement of at least an amount equal to payments due on the notes issued in connection with the acquisition of the North Jackson facility, as defined in the Credit Agreement, plus 12.5% of the maximum borrowing amount of $110.0 million “(Minimum Liquidity”). At March 31, 2020, there were no payments due on the notes relevant to the Minimum Liquidity calculation. This requirement exists until the notes are paid in full, refinanced or extended. The Company is required to pay a commitment fee of 0.25% based on the daily unused portion of the Revolving Credit Facility. With respect to the Term Loan, the Company pays quarterly installments of the principal of approximately $0.4 million, plus accrued and unpaid interest, on the first day of each fiscal quarter beginning after September 30, 2018. To the extent not previously paid, the Term Loan will become due and payable in full on the Expiration Date. Amounts outstanding under the Facilities, at the Company’s option, bear interest at either a base rate or a LIBOR based rate, in either case calculated in accordance with the terms of the Credit Agreement. Interest under the Credit Agreement is payable monthly. We elected to use the LIBOR based rate for the majority of the debt outstanding under the Facilities for the three months ended March 31, 2020, which was 2.76% on our Revolving Credit Facility and 3.84% for the Term Loan. The Credit Agreement contains customary affirmative and negative covenants. If a triggering event occurs as defined in the Credit Agreement, the Company must maintain a fixed charge coverage ratio of not less than 1.10 to 1.0 measured on a rolling four quarter basis and calculated in accordance with the terms of the Credit Agreement. At March 31, 2020, we had Credit Agreement related net deferred financing costs of approximately $0.7 million. For the three months ended March 31, 2020, we amortized $0.1 million of those deferred financing costs. Notes In connection with the acquisition of the North Jackson facility, in August 2011, we issued $20.0 million in aggregate principal amount of notes to the sellers of the North Jackson facility as partial consideration of the acquisition.   On January 21, 2016, the Company entered into Amended and Restated Notes in the aggregate principal amount of $20.0 million (the “Notes”), each in favor of Gorbert Inc. (“Holder”). The Company’s obligations under the Notes are collateralized by a second lien on the same assets of the Company that collateralize the obligations of the Company under the Facilities. The Holder had the right to elect at any time on or prior to August 17, 2017 to convert all or any portion of the outstanding principal amount of the Notes. The Holder’s conversion rights expired and are no longer subject to exercise.      The Notes were originally scheduled to mature on March 17, 2019. On March 30, 2018, the Company provided notification of its intent to extend the maturity date to March 17, 2020 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2020, principal payments in the aggregate of $2.0 million were made in March 2019. On March 18, 2019, the Company provided notification of its intent to extend the maturity date to March 17, 2021 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2021, principal payments in the aggregate of $2.0 million were made in March 2020. There are no further extension options remaining, and the remaining aggregate principal balance of the Notes outstanding of $15.0 million has been classified within Current portion of long-term debt as of March 31, 2020. In accordance with the terms of the Notes, the Notes have borne interest at a rate of 6.0% per year since August 17, 2017. All accrued and unpaid interest is payable quarterly in arrears on each September 18, December 18, March 18 and June 18.

Note 7: New Markets Tax Credit Financing Transaction On March 9, 2018, the Company entered into a qualified New Markets Tax Credit (“NMTC”) financing program with PNC New Markets Investment Partners, LLC and Boston Community Capital, Inc. related to a new mid-size bar cell capital project at the Company’s Dunkirk, NY facility.  PNC New Markets Investment Partners, LLC made a capital contribution and the Company made a loan to Dunkirk Investment Fund, LLC (“Investment Fund”) under the qualified NMTC program. Through this financing transaction, the Company secured low interest financing and the potential for other future benefits related to its mid-size bar cell capital project. In connection with the NMTC financing program, the Company loaned $6.7 million aggregate principal amount (“Leverage Loan”) due in March 2048, to the Investment Fund. Additionally, PNC New Markets Investment Partners, LLC contributed $3.5 million to the Investment Fund, and as such, PNC New Markets Investment Partners, LLC is entitled to substantially all tax and other benefits derived from the NMTC. The Investment Fund then contributed the proceeds to a community development entity (“CDE”). The CDE then loaned the funds, on similar terms, as the Leverage Loan to Dunkirk Specialty Steel, LLC, a wholly-owned subsidiary of the Company. The CDE loan proceeds are restricted for use on the mid-size bar cell capital project. The NMTC is subject to 100 percent recapture for a period of seven years as provided in the Internal Revenue Code. The Company is required to comply with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, require the Company to indemnify PNC New Markets Investment Partners, LLC for any loss or recapture of NMTCs related to the financing until the Company’s obligation to deliver tax benefits is relieved. The Company does not anticipate any credit recaptures will be required in connection with this arrangement. As of March 31, 2020 and December 31, 2019, the Company recorded $2.8 million within Other long-term liabilities related to this transaction, which represents the funds contributed to the Investment Fund by PNC New Markets Investment Partners, LLC. This transaction also includes a put/call provision whereby the Company may be obligated or entitled to repurchase PNC New Markets Investment Partners, LLC’s interest in the Investment Fund. The Company believes that PNC New Markets Investment Partners, LLC will exercise the put option in March 2025, at the end of the recapture period, resulting in a gain of $2.8 million at that time. The value attributed to the put/call is negligible. Direct costs incurred in structuring this financing transaction totaled $0.7 million. These costs were deferred and are amortized over the term of the loans.   The Company has determined that the Investment Fund and CDE are each a VIE, and that it is the primary beneficiary of each VIE.  This conclusion was reached based on the following: <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> The ongoing activities of the VIE, collecting and remitting interest and fees, and NMTC compliance were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the VIE;</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> Contractual arrangements obligate the Company to comply with NMTC rules and regulations and provide various other guarantees to the Investment Fund and CDE;</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> PNC New Markets Investment Partners, LLC lacks a material interest in the underlying economics of the project; and</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:3.33%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> •</td> <td valign="top"> The Company is obligated to absorb losses of the VIE.</td></tr></table></div> Because the Company is the primary beneficiary of each VIE, these entities have been included in the Company’s Consolidated Financial Statements.

Note 8:  Fair Value Measurement The fair value hierarchy has three levels based on the inputs used to determine fair value, which are as follows: Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date. Level 2 — Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions. The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability. The carrying amounts of our cash, accounts receivable and accounts payable approximated fair value at March 31, 2020 and December 31, 2019 due to their short-term maturities (Level 1). The fair value of the Term Loan and Revolving Credit facility at March 31, 2020 and December 31, 2019 approximated the carrying amount as the interest rate is based upon floating short-term interest rates (Level 2). The fair value of our Notes was approximately $15.0 million at March 31, 2020 and $16.9 million at December 31, 2019 (Level 2).

Note 9:  Commitments and Contingencies From time to time, various lawsuits and claims have been or may be asserted against us relating to the conduct of our business, including routine litigation relating to commercial and employment matters. The ultimate cost and outcome of any litigation or claim cannot be predicted with certainty. Management believes, based on information presently available, that the likelihood that the ultimate outcome of any such pending matter will have a material adverse effect on our financial condition, or liquidity or a material impact on our results of operations is remote, although the resolution of one or more of these matters may have a material adverse effect on our results of operations for the period in which the resolution occurs.

Note 10:  Income Taxes Management estimates the annual effective income tax rate quarterly, based on current annual forecasted results. Items unrelated to current year ordinary income are recognized entirely in the period identified as a discrete item of tax. The quarterly income tax provision includes tax on ordinary income provided at the most recent estimated annual effective tax rate (“ETR”), increased or decreased for the tax effect of discrete items. For the three months ended March 31, 2020 and 2019, our estimated annual effective tax rates applied to ordinary income were 28.3% and 16.8%, respectively. The difference between the federal statutory rate of 21.0% and the projected annual ETR of 28.3% for 2020 is primarily due to research and development credits. Discrete items during the three months ended March 31, 2020 and 2019 were not significant, and our ETR for the first quarter in each year was 27.0% and 16.9%, respectively.

Note 11: Derivatives and Hedging The Company invoices certain customers in foreign currencies. In order to mitigate the risks associated with fluctuations in exchange rates with the US Dollar, the Company entered into foreign exchange forward contracts during 2020 and 2019 for a portion of these sales, and has designated these contracts as cash flow hedges. At March 31, 2020, the notional value of contracts was $3.4 million, and a related accumulated unrealized gain of $0.1 million was recorded in other comprehensive income. At December 31, 2019, the notional value of contracts was $4.9 million, and the related unrealized loss recorded in other comprehensive income was less than $0.1 million.

Note 12: Subsequent Events There are many uncertainties regarding the current coronavirus ("COVID-19") pandemic, and the Company is closely monitoring the impact of the pandemic on all aspects of its business, including how it will impact its customers, employees, suppliers, vendors, business partners and distribution channels. We are unable to predict the impact that COVID-19 will have on its financial position and operating results due to numerous uncertainties. The Company expects to continue to assess the evolving impact of the COVID-19 pandemic and intends to make adjustments to its responses accordingly. On April 15, 2020, the Company entered into a term note with PNC Bank, National Association (“PNC”), with a principal amount of $10.0 million pursuant to the Paycheck Protection Program (“PPP Term Note”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022. The PPP Term Note may be accelerated upon the occurrence of an event of default. The PPP Term Note is unsecured and guaranteed by the United States Small Business Administration. The Company may apply to PNC for forgiveness of the PPP Term Note, with the amount which may be forgiven equal to the sum of payroll costs, covered rent and mortgage obligations, and covered utility payments incurred by the Company during the eight-week period beginning upon receipt of PPP Term Note funds, calculated in accordance with the terms of the CARES Act. At this time, we are not in a position to quantify the portion of the PPP Term Note that will be forgiven.

The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated. When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.

Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

The Company’s revenues are primarily comprised of sales of products. Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales and other taxes are excluded from revenues. Invoiced shipping and handling costs are included in revenue. The Company’s revenue is primarily from products transferred to customers at a point in time. The Company recognizes revenue at the point in time in which the customer obtains control of the product, which is generally when product title passes to the customer upon shipment. We have determined that there are certain customer agreements involving production of specified product grades and shapes that require revenue to be recognized over time, in advance of shipment, due to there being no alternative use for these grades and shapes without significant economic loss. Also, the Company maintains an enforceable right to payment including a normal profit margin from the customer in the event of contract termination.

The following table sets forth the computation of basic and diluted net income per common share:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;">  </td> <td colspan="8" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.68%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three months ended</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="8" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:24.68%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(dollars in thousands, except per share amounts)</td> <td colspan="3" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.04%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.04%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Numerator:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,411</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,222</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:3pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Denominator:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average number of shares of common stock outstanding</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,801,337</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,761,538</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted average effect of dilutive share-based compensation</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">98,987</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Diluted weighted average number of shares of common stock outstanding</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,801,337</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,860,525</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share:</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share - Basic</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.16</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.14</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.7%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net (loss) income per common share - Diluted</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(0.16</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.58%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:8.46%; border-top:double 2.5pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">0.14</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.58%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> </table></div>

The following summarizes our revenue by melt type: <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;">  </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="8" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:45.24%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three months ended March 31,</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20.9%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="3" valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:20.9%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net sales:</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Specialty alloys</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">49,920</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">49,764</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Premium alloys (A)</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,664</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,370</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Conversion services and other sales</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">910</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,137</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:48.88%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:48.88%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total net sales</td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">58,494</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.42%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.46%; border-bottom:double 2.5pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">60,271</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.42%; border-bottom:double 2.5pt transparent;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> </table></div>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.56%;white-space:nowrap"> (A)</td> <td valign="top"> Premium alloys represent all vacuum induction melted (VIM) products.</td></tr></table></div>

Inventories consisted of the following:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;">  </td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">December 31,</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(in thousands)</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Raw materials and starting stock</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11,108</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,815</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Semi-finished and finished steel products</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">125,880</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">127,713</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Operating materials</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,126</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">13,090</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Gross inventory</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">150,114</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">150,618</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Inventory reserves</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,335)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,216)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total inventory, net</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">146,779</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">147,402</td> </tr> </table></div>

As of March 31, 2020, future minimum lease payments applicable to operating and finance leases were as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:19.32%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Operating Leases</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:19.32%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Finance Leases</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">159</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">434</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">192</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">471</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2022</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">181</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">56</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2023</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">87</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2024</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">-</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total minimum lease payments</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">630</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">976</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less amounts representing interest</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(36)</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(75)</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Present value of minimum lease payments</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">594</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">901</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less current obligations</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(204)</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-bottom:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(774)</td> </tr> <tr> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:59.42%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total long-term lease obligations, net</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">390</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.9%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="middle" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">127</td> </tr> <tr> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:59.42%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Weighted-average remaining lease term</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3.2 years</td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Calibri;font-size:11pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.9%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:17.42%; border-top:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.1 years</td> </tr> </table></div>

Long-term debt consisted of the following:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">March 31,</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">December 31,</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">(in thousands)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.94%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2019</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-style:italic;color:#000000;font-size:3pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving credit facility</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">53,840</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">39,480</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Notes</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,000</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term loan</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,857</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,215</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Finance leases</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">901</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,026</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total debt</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">77,598</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">65,721</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: current portion of long-term debt</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(17,203)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,934)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: deferred financing costs</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,320)</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,376)</td> </tr> <tr> <td valign="top" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:65.02%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:3pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:65.02%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Long-term debt, net</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">59,075</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:1.52%; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1.52%; border-bottom:double 2.5pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:14.4%; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">60,411</td> </tr> </table></div>

98987

741550

641500

24.27 26.35

19650

2200000

true

49920000

49764000

7664000

9370000

910000

1137000

600000 600000

11108000

9815000

125880000

127713000

13126000 13090000

150114000

150618000

3335000

3216000

P60M

P3Y

P5Y

159000

192000

181000

87000

11000

630000

36000

594000

204000

390000

P3Y2M12D

434000

471000

56000

15000

976000

75000

901000

774000

127000

P1Y1M6D

600000

us-gaap:OtherAssetsNoncurrent

600000

us-gaap:PropertyPlantAndEquipmentNet

100000

true

53840000

39480000

15000000

17000000

7857000

8215000

901000

1026000

77598000

65721000

1320000

1376000

110000000

10000000

2023-08-03

0.125

110000000

0.0025

quarterly

400000

0.0276

0.0384

1.10

700000

100000

20000000

2019-03-17

2020-03-17

2000000

2021-03-17

2000000

15000000

0.060

6700000 2048-03 3500000 1.00 P7Y

2800000

700000

15000000

16900000

0.283 0.168

0.210

0.283

0.270

0.169

3400000

4900000

100000

10000000

0.0100

The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022

EX-101.SCH 7 usap-20200331.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 100010 - Statement - Consolidated Statements of Operations link:calculationLink link:presentationLink link:definitionLink 100020 - Statement - Consolidated Statements of Comprehensive (Loss) Income link:calculationLink link:presentationLink link:definitionLink 100030 - Statement - Consolidated Balance Sheets link:calculationLink link:presentationLink link:definitionLink 100040 - Statement - Consolidated Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 100050 - Statement - Consolidated Statements of Cash Flow link:calculationLink link:presentationLink link:definitionLink 100060 - Statement - Consolidated Statements of Cash Flow (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 100070 - Statement - Consolidated Statements of Shareholders' Equity link:calculationLink link:presentationLink link:definitionLink 100080 - Disclosure - Nature of Business and Basis of Presentation link:calculationLink link:presentationLink link:definitionLink 100090 - Disclosure - Net (loss) Income Per Common Share link:calculationLink link:presentationLink link:definitionLink 100100 - Disclosure - Revenue Recognition link:calculationLink link:presentationLink link:definitionLink 100110 - Disclosure - Inventory link:calculationLink link:presentationLink link:definitionLink 100120 - Disclosure - Leases link:calculationLink link:presentationLink link:definitionLink 100130 - Disclosure - Long-Term Debt link:calculationLink link:presentationLink link:definitionLink 100140 - Disclosure - New Markets Tax Credit Financing Transaction link:calculationLink link:presentationLink link:definitionLink 100150 - Disclosure - Fair Value Measurement link:calculationLink link:presentationLink link:definitionLink 100160 - Disclosure - Commitments and Contingencies link:calculationLink link:presentationLink link:definitionLink 100170 - Disclosure - Income Taxes link:calculationLink link:presentationLink link:definitionLink 100180 - Disclosure - Derivatives and Hedging link:calculationLink link:presentationLink link:definitionLink 100190 - Disclosure - Subsequent Events link:calculationLink link:presentationLink link:definitionLink 100200 - Disclosure - Nature of Business and Basis of Presentation (Policies) link:calculationLink link:presentationLink link:definitionLink 100210 - Disclosure - Revenue Recognition (Policies) link:calculationLink link:presentationLink link:definitionLink 100220 - Disclosure - Net (loss) Income Per Common Share (Tables) link:calculationLink link:presentationLink link:definitionLink 100230 - Disclosure - Revenue Recognition (Tables) link:calculationLink link:presentationLink link:definitionLink 100240 - Disclosure - Inventory (Tables) link:calculationLink link:presentationLink link:definitionLink 100250 - Disclosure - Leases (Tables) link:calculationLink link:presentationLink link:definitionLink 100260 - Disclosure - Long-Term Debt (Tables) link:calculationLink link:presentationLink link:definitionLink 100270 - Disclosure - Net (loss) Income Per Common Share (Computation of Basic and Diluted Net Income Per Common Share) (Details) link:calculationLink link:presentationLink link:definitionLink 100280 - Disclosure - Net (loss) Income Per Common Share (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100290 - Disclosure - Revenue Recognition (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100300 - Disclosure - Revenue Recognition (Summary of Revenue) (Details) link:calculationLink link:presentationLink link:definitionLink 100310 - Disclosure - Inventory (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100320 - Disclosure - Inventory (Major Classes of Inventory) (Details) link:calculationLink link:presentationLink link:definitionLink 100330 - Disclosure - Leases (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100340 - Disclosure - Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details) link:calculationLink link:presentationLink link:definitionLink 100350 - Disclosure - Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details)2 link:calculationLink link:presentationLink link:definitionLink 100360 - Disclosure - Long-Term Debt (Schedule of Long-Term Debt) (Details) link:calculationLink link:presentationLink link:definitionLink 100370 - Disclosure - Long-Term Debt (Credit Facility) (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100380 - Disclosure - Long-Term Debt (Notes) (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100390 - Disclosure - New Markets Tax Credit Financing Transaction (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100400 - Disclosure - Fair Value Measurement (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100410 - Disclosure - Income Taxes (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100420 - Disclosure - Derivatives and Hedging (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink 100430 - Disclosure - Subsequent Events - (Narrative) (Details) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 usap-20200331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 usap-20200331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 usap-20200331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Cover [Abstract] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Trading Symbol Trading Symbol Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Current Reporting Status Entity Current Reporting Status Entity Interactive Data Current Entity Interactive Data Current Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Small Business Entity Small Business Entity Emerging Growth Company Entity Emerging Growth Company Title of 12(b) Security Security12b Title Security Exchange Name Security Exchange Name Entity Common Stock, Shares Outstanding Entity Common Stock Shares Outstanding Entity Shell Company Entity Shell Company Entity File Number Entity File Number Entity Incorporation, State or Country Code Entity Incorporation State Country Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address Address Line1 Entity Address, City or Town Entity Address City Or Town Entity Address, State or Province Entity Address State Or Province Entity Address, Postal Zip Code Entity Address Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Document Quarterly Report Document Quarterly Report Document Transition Report Document Transition Report Income Statement [Abstract] Net sales Revenue From Contract With Customer Excluding Assessed Tax Cost of products sold Cost Of Goods And Services Sold Gross margin Gross Profit Selling, general and administrative expenses Selling General And Administrative Expense Operating (loss) income Operating Income Loss Interest expense and other financing costs Interest Expense Other (income) expense, net Other Nonoperating Income Expense (Loss) income before income taxes Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest (Benefit) provision for income taxes Income Tax Expense Benefit Net (loss) income Net Income Loss Net (loss) income per common share - Basic Earnings Per Share Basic Net (loss) income per common share - Diluted Earnings Per Share Diluted Weighted average shares of common stock outstanding Weighted Average Number Of Shares Outstanding [Abstract] Basic Weighted Average Number Of Shares Outstanding Basic Diluted Weighted Average Number Of Diluted Shares Outstanding Statement Of Income And Comprehensive Income [Abstract] Net (loss) income Other comprehensive income (loss), net of tax Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent [Abstract] Adoption of ASU 2018-02 Tax Cuts And Jobs Act Of2017 Reclassification From Aoci To Retained Earnings Tax Effect Unrealized gain (loss) on foreign currency contracts Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent Comprehensive (loss) income Comprehensive Income Net Of Tax Statement Of Financial Position [Abstract] ASSETS Assets [Abstract] Current assets: Assets Current [Abstract] Cash Cash And Cash Equivalents At Carrying Value Accounts receivable (less allowance for doubtful accounts of $295) Accounts Receivable Net Current Inventory, net Inventory Net Other current assets Other Assets Current Total current assets Assets Current Property, plant and equipment, net Property Plant And Equipment Net Other long-term assets Other Assets Noncurrent Total assets Assets LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities And Stockholders Equity [Abstract] Current liabilities: Liabilities Current [Abstract] Accounts payable Accounts Payable Current Accrued employment costs Employee Related Liabilities Current Current portion of long-term debt Long Term Debt And Capital Lease Obligations Current Other current liabilities Other Liabilities Current Total current liabilities Liabilities Current Long-term debt, net Long Term Debt And Capital Lease Obligations Deferred income taxes Deferred Tax Liabilities Noncurrent Other long-term liabilities, net Other Liabilities Noncurrent Total liabilities Liabilities Stockholders’ equity: Stockholders Equity [Abstract] Senior preferred stock, par value $0.001 per share; 1,980,000 shares authorized; 0 shares issued and outstanding Preferred Stock Value Common stock, par value $0.001 per share; 20,000,000 shares authorized; 9,097,395 and 9,093,715 shares issued, respectively Common Stock Value Additional paid-in capital Additional Paid In Capital Common Stock Accumulated other comprehensive income (loss) Accumulated Other Comprehensive Income Loss Net Of Tax Retained earnings Retained Earnings Accumulated Deficit Treasury stock, at cost; 294,279 common shares held Treasury Stock Value Total stockholders’ equity Stockholders Equity Total liabilities and stockholders’ equity Liabilities And Stockholders Equity Accounts receivable, allowance for doubtful accounts Allowance For Doubtful Accounts Receivable Current Preferred stock, par value Preferred Stock Par Or Stated Value Per Share Preferred stock, shares authorized Preferred Stock Shares Authorized Preferred stock, shares issued Preferred Stock Shares Issued Preferred stock, shares outstanding Preferred Stock Shares Outstanding Common stock, par value Common Stock Par Or Stated Value Per Share Common stock, shares authorized Common Stock Shares Authorized Common stock, shares issued Common Stock Shares Issued Treasury stock at cost, common shares held Treasury Stock Shares Statement Of Cash Flows [Abstract] Operating Activities: Net Cash Provided By Used In Operating Activities [Abstract] Net (loss) income Profit Loss Adjustments for non-cash items: Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract] Depreciation and amortization Depreciation And Amortization Deferred income tax Deferred Income Tax Expense Benefit Share-based compensation expense Share Based Compensation Changes in assets and liabilities: Increase Decrease In Operating Capital [Abstract] Accounts receivable, net Increase Decrease In Accounts Receivable Inventory, net Increase Decrease In Inventories Accounts payable Increase Decrease In Accounts Payable Accrued employment costs Increase Decrease In Employee Related Liabilities Income taxes Increase Decrease In Income Taxes Other, net Increase Decrease In Other Operating Capital Net Net cash used in operating activities Net Cash Provided By Used In Operating Activities Investing Activity: Net Cash Provided By Used In Investing Activities [Abstract] Capital expenditures Payments To Acquire Property Plant And Equipment Net cash used in investing activity Net Cash Provided By Used In Investing Activities Financing Activities: Net Cash Provided By Used In Financing Activities [Abstract] Borrowings under revolving credit facility Proceeds From Long Term Lines Of Credit Payments on revolving credit facility Repayments Of Long Term Lines Of Credit Payments on term loan facility, finance leases, and notes Repayments Of Other Debt Bank overdrafts Proceeds From Repayments Of Bank Overdrafts Proceeds from the exercise of stock options Proceeds From Stock Options Exercised Net cash provided by financing activities Net Cash Provided By Used In Financing Activities Net increase (decrease) in cash and restricted cash Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Cash and restricted cash at beginning of period Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations Cash and restricted cash at end of period Restricted cash included in other long-term assets Restricted Cash And Cash Equivalents Noncurrent Restricted Cash and Cash Equivalents, Noncurrent, Asset, Statement of Financial Position [Extensible List] Restricted Cash And Cash Equivalents Noncurrent Asset Statement Of Financial Position Extensible List Total cash and restricted cash Net gain (loss) on derivative instruments. Statement Of Stockholders Equity [Abstract] Statement [Table] Statement [Table] Equity Components Statement Equity Components [Axis] Equity Component Equity Component [Domain] Common Stock [Member] Common Stock [Member] Additional Paid-in Capital [Member] Additional Paid In Capital [Member] Retained Earnings [Member] Retained Earnings [Member] Accumulated Other Comprehensive Income (Loss) [Member] Accumulated Other Comprehensive Income [Member] Treasury Stock [Member] Treasury Stock [Member] Statement [Line Items] Statement [Line Items] Beginning Balance Beginning Balance (shares) Common Stock Shares Outstanding Share-based compensation Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value Share-based compensation (shares) Stock Issued During Period Shares Share Based Compensation Net gain (loss) on derivative instruments Net Gain Loss On Derivative Instruments Ending Balance Ending Balance (shares) Common stock issuance under Employee Stock Purchase Plan Stock Issued During Period Value Employee Stock Purchase Plan Common stock issuance under Employee Stock Purchase Plan (shares) Stock Issued During Period Shares Employee Stock Purchase Plans Exercise of stock options Stock Issued During Period Value Stock Options Exercised Exercise of stock options (shares) Stock Issued During Period Shares Stock Options Exercised Accounting Policies [Abstract] Nature of Business and Basis of Presentation Organization Consolidation And Presentation Of Financial Statements Disclosure [Text Block] Earnings Per Share [Abstract] Net (loss) Income Per Common Share Earnings Per Share [Text Block] Revenue From Contract With Customer [Abstract] Revenue Recognition Revenue From Contract With Customer [Text Block] Inventory Disclosure [Abstract] Inventory Inventory Disclosure [Text Block] Lessee operating and finance leases disclosure. Leases [Abstract] Leases Lessee Operating And Finance Leases Disclosure [Text Block] Debt Disclosure [Abstract] Long-Term Debt Debt Disclosure [Text Block] New markets tax credit financing transaction. New markets tax credit financing transaction disclosure. New Markets Tax Credit Financing Transaction Disclosure [Abstract] New Markets Tax Credit Financing Transaction New Markets Tax Credit Financing Transaction Disclosure [Text Block] Fair Value Disclosures [Abstract] Fair Value Measurement Fair Value Measurement Inputs Disclosure [Text Block] Commitments And Contingencies Disclosure [Abstract] Commitments and Contingencies Commitments And Contingencies Disclosure [Text Block] Income Tax Disclosure [Abstract] Income Taxes Income Tax Disclosure [Text Block] Derivative Instruments And Hedging Activities Disclosure [Abstract] Derivatives and Hedging Derivative Instruments And Hedging Activities Disclosure [Text Block] Subsequent Events [Abstract] Subsequent Events Subsequent Events [Text Block] Basis of Presentation Basis Of Accounting Policy Policy [Text Block] New Accounting Pronouncement New Accounting Pronouncements Policy Policy [Text Block] Revenue Recognition Revenue Recognition Policy [Text Block] Computation of Basic and Diluted Net Income Per Common Share Schedule Of Earnings Per Share Basic And Diluted Table [Text Block] Summary of Revenue Disaggregation Of Revenue Table [Text Block] Major Classes of Inventory Schedule Of Inventory Current Table [Text Block] Schedule of lessee operating and finance lease liability maturity. Future Minimum Lease Payments Applicable to Operating and Finance Leases Schedule Of Lessee Operating And Finance Lease Liability Maturity Table [Text Block] Schedule of Long-Term Debt Schedule Of Debt Table [Text Block] Numerator: Net Income Loss Attributable To Parent Diluted [Abstract] Denominator: Weighted average number of shares of common stock outstanding Weighted average effect of dilutive share-based compensation Incremental Common Shares Attributable To Share Based Payment Arrangements Diluted weighted average number of shares of common stock outstanding Net (loss) income per common share: Earnings Per Share Basic And Diluted [Abstract] Weighted average price of anti-dilutive stock options outstanding. Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table] Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Table] Antidilutive Securities Antidilutive Securities Excluded From Computation Of Earnings Per Share By Antidilutive Securities [Axis] Antidilutive Securities, Name Antidilutive Securities Name [Domain] Stock Compensation Plan [Member] Stock Compensation Plan [Member] Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items] Antidilutive securities excluded from computation of earnings per share, amount Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount Weighted average price of anti-dilutive options outstanding Share Based Compensation Arrangement Weighted Average Price Of Anti Dilutive Options Outstanding Revenue recognition. Revenue recognition. Revenue Recognition [Table] Revenue Recognition [Table] Concentration Risk Benchmark Concentration Risk By Benchmark [Axis] Concentration Risk Benchmark Concentration Risk Benchmark [Domain] Accounts Receivable [Member] Accounts Receivable [Member] Adjustments for New Accounting Pronouncements Adjustments For New Accounting Pronouncements [Axis] Type of Adoption Type Of Adoption [Member] Accounting Standards Codification Topic 606 [Member] Accounting Standards Update201409 [Member] Revenue Recognition [Line Items] Revenue Recognition [Line Items] Contract assets Contract With Customer Asset Net Revenue practical expedient remaining performance obligation [true/false] Revenue Practical Expedient Remaining Performance Obligation Disaggregation Of Revenue [Table] EX-101.PRE 11 usap-20200331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R13.htm IDEA: XBRL DOCUMENT

Leases

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases

Note 5: Leases

The Company did not enter into any new lease agreements accounted for as operating or finance leases during the first quarter of 2020.

As of March 31, 2020, future minimum lease payments applicable to operating and finance leases were as follows:

	Operating Leases		Finance Leases
2020	$	159	$	434
2021		192		471
2022		181		56
2023		87		15
2024		11		-
Total minimum lease payments	$	630	$	976
Less amounts representing interest		(36)		(75)
Present value of minimum lease payments	$	594	$	901
Less current obligations		(204)		(774)
Total long-term lease obligations, net	$	390	$	127
Weighted-average remaining lease term		3.2 years		1.1 years

The Company elected the practical expedient allowed under Leases (Topic 842) to exclude leases with a term of 12 months or less from the calculation of our lease liabilities and right-of-use assets.

XML 13 R17.htm IDEA: XBRL DOCUMENT

Commitments and Contingencies

3 Months Ended

Mar. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 9: Commitments and Contingencies

XML 14 R34.htm IDEA: XBRL DOCUMENT

Leases (Narrative) (Details) $ in Millions	3 Months Ended
Leases (Narrative) (Details) $ in Millions	Mar. 31, 2020 USD ($) Lease
Lessee Lease Description [Line Items]
Number of lease agreements accounted for as operating leases \| Lease	0
Operating leases, right-of-use assets	$ 0.6
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Finance leases, right-of-use assets	$ 0.6
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:PropertyPlantAndEquipmentNet
Amortization of finance lease assets	$ 0.1
Lease practical expedient (true/false)	true
Maximum [Member]
Lessee Lease Description [Line Items]
Operating and finance lease, lease terms	60 months
Finance lease term applicable to depreciate right-of-use assets and lease liabilities	5 years
Minimum [Member]
Lessee Lease Description [Line Items]
Finance lease term applicable to depreciate right-of-use assets and lease liabilities	3 years

XML 15 R30.htm IDEA: XBRL DOCUMENT

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Accounting Standards Codification Topic 606 [Member]
Revenue Recognition [Line Items]
Revenue practical expedient remaining performance obligation [true/false]	true
Accounts Receivable [Member]
Revenue Recognition [Line Items]
Contract assets	$ 2.2	$ 2.2

XML 16 R38.htm IDEA: XBRL DOCUMENT

Long-Term Debt (Notes) (Narrative) (Details) - Notes [Member] - USD ($)	Mar. 18, 2019	Mar. 30, 2018	Jan. 21, 2016	Mar. 31, 2020	Aug. 31, 2011
Gorbert Inc. [Member]
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount			$ 20,000,000
Debt instrument, maturity date	Mar. 17, 2021	Mar. 17, 2020	Mar. 17, 2019
Aggregate principal payment required if maturity date extend	$ 2,000,000	$ 2,000,000
Current portion of long-term debt				$ 15,000,000
Gorbert Inc. [Member] \| Since August 17, 2017 [Member]
Debt Instrument [Line Items]
Debt instrument interest rate			6.00%
North Jackson Facility [Member]
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount					$ 20,000,000

XML 17 R3.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (1,411)	$ 1,222
Other comprehensive income (loss), net of tax
Adoption of ASU 2018-02		(21)
Unrealized gain (loss) on foreign currency contracts	120	(67)
Comprehensive (loss) income	$ (1,291)	$ 1,134

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

EXCEL 18 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Cash Flow (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2020

Mar. 31, 2019

Statement Of Cash Flows [Abstract]

Cash $ 233 $ 237

Restricted cash included in other long-term assets $ 412

Restricted Cash and Cash Equivalents, Noncurrent, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssetsNoncurrent us-gaap:OtherAssetsNoncurrent

Total cash and restricted cash $ 233 $ 649

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as noncurrent. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6812-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(17))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 210
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=116631420&loc=SL116631458-115580
+ Details

Name: us-gaap_RestrictedCashAndCashEquivalentsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Indicates line item in statement of financial position that includes cash and cash equivalents restricted to withdrawal or usage, classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586
+ Details

Name: us-gaap_RestrictedCashAndCashEquivalentsNoncurrentAssetStatementOfFinancialPositionExtensibleList

Namespace Prefix: us-gaap_

Data Type: srt-types:extensibleListItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfCashFlowsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 20 R40.htm IDEA: XBRL DOCUMENT v3.20.1

Fair Value Measurement (Narrative) (Details) - USD ($)
$ in Millions

Mar. 31, 2020

Dec. 31, 2019

Fair Value, Inputs, Level 2 [Member]

Notes payable, fair value disclosure $ 15.0 $ 16.9

X

- Definition
Fair value portion of notes payable.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20,22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_NotesPayableFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 21 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 89 271 1 false 33 0 false 5 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.univstainless.com/20200331/taxonomy/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 100010 - Statement - Consolidated Statements of Operations Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedStatementsOfOperations Consolidated Statements of Operations Statements 2 false false R3.htm 100020 - Statement - Consolidated Statements of Comprehensive (Loss) Income Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedStatementsOfComprehensiveLossIncome Consolidated Statements of Comprehensive (Loss) Income Statements 3 false false R4.htm 100030 - Statement - Consolidated Balance Sheets Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedBalanceSheets Consolidated Balance Sheets Statements 4 false false R5.htm 100040 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 5 false false R6.htm 100050 - Statement - Consolidated Statements of Cash Flow Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedStatementsOfCashFlow Consolidated Statements of Cash Flow Statements 6 false false R7.htm 100060 - Statement - Consolidated Statements of Cash Flow (Parenthetical) Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedStatementsOfCashFlowParenthetical Consolidated Statements of Cash Flow (Parenthetical) Statements 7 false false R8.htm 100070 - Statement - Consolidated Statements of Shareholders' Equity Sheet http://www.univstainless.com/20200331/taxonomy/role/StatementConsolidatedStatementsOfShareholdersEquity Consolidated Statements of Shareholders' Equity Statements 8 false false R9.htm 100080 - Disclosure - Nature of Business and Basis of Presentation Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNatureOfBusinessAndBasisOfPresentation Nature of Business and Basis of Presentation Notes 9 false false R10.htm 100090 - Disclosure - Net (loss) Income Per Common Share Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShare Net (loss) Income Per Common Share Notes 10 false false R11.htm 100100 - Disclosure - Revenue Recognition Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognition Revenue Recognition Notes 11 false false R12.htm 100110 - Disclosure - Inventory Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventory Inventory Notes 12 false false R13.htm 100120 - Disclosure - Leases Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeases Leases Notes 13 false false R14.htm 100130 - Disclosure - Long-Term Debt Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebt Long-Term Debt Notes 14 false false R15.htm 100140 - Disclosure - New Markets Tax Credit Financing Transaction Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNewMarketsTaxCreditFinancingTransaction New Markets Tax Credit Financing Transaction Notes 15 false false R16.htm 100150 - Disclosure - Fair Value Measurement Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureFairValueMeasurement Fair Value Measurement Notes 16 false false R17.htm 100160 - Disclosure - Commitments and Contingencies Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureCommitmentsAndContingencies Commitments and Contingencies Notes 17 false false R18.htm 100170 - Disclosure - Income Taxes Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureIncomeTaxes Income Taxes Notes 18 false false R19.htm 100180 - Disclosure - Derivatives and Hedging Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureDerivativesAndHedging Derivatives and Hedging Notes 19 false false R20.htm 100190 - Disclosure - Subsequent Events Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureSubsequentEvents Subsequent Events Notes 20 false false R21.htm 100200 - Disclosure - Nature of Business and Basis of Presentation (Policies) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNatureOfBusinessAndBasisOfPresentationPolicies Nature of Business and Basis of Presentation (Policies) Policies 21 false false R22.htm 100210 - Disclosure - Revenue Recognition (Policies) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionPolicies Revenue Recognition (Policies) Policies 22 false false R23.htm 100220 - Disclosure - Net (loss) Income Per Common Share (Tables) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShareTables Net (loss) Income Per Common Share (Tables) Tables http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShare 23 false false R24.htm 100230 - Disclosure - Revenue Recognition (Tables) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionTables Revenue Recognition (Tables) Tables http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognition 24 false false R25.htm 100240 - Disclosure - Inventory (Tables) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventoryTables Inventory (Tables) Tables http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventory 25 false false R26.htm 100250 - Disclosure - Leases (Tables) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeasesTables Leases (Tables) Tables http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeases 26 false false R27.htm 100260 - Disclosure - Long-Term Debt (Tables) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtTables Long-Term Debt (Tables) Tables http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebt 27 false false R28.htm 100270 - Disclosure - Net (loss) Income Per Common Share (Computation of Basic and Diluted Net Income Per Common Share) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShareComputationOfBasicAndDilutedNetIncomePerCommonShareDetails Net (loss) Income Per Common Share (Computation of Basic and Diluted Net Income Per Common Share) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShareTables 28 false false R29.htm 100280 - Disclosure - Net (loss) Income Per Common Share (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShareNarrativeDetails Net (loss) Income Per Common Share (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureNetLossIncomePerCommonShareTables 29 false false R30.htm 100290 - Disclosure - Revenue Recognition (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionNarrativeDetails Revenue Recognition (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionTables 30 false false R31.htm 100300 - Disclosure - Revenue Recognition (Summary of Revenue) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionSummaryOfRevenueDetails Revenue Recognition (Summary of Revenue) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureRevenueRecognitionTables 31 false false R32.htm 100310 - Disclosure - Inventory (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventoryNarrativeDetails Inventory (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventoryTables 32 false false R33.htm 100320 - Disclosure - Inventory (Major Classes of Inventory) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventoryMajorClassesOfInventoryDetails Inventory (Major Classes of Inventory) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureInventoryTables 33 false false R34.htm 100330 - Disclosure - Leases (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeasesNarrativeDetails Leases (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeasesTables 34 false false R35.htm 100340 - Disclosure - Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeasesFutureMinimumLeasePaymentsApplicableToOperatingAndFinanceLeasesDetails Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureLeasesTables 35 false false R36.htm 100360 - Disclosure - Long-Term Debt (Schedule of Long-Term Debt) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtScheduleOfLongTermDebtDetails Long-Term Debt (Schedule of Long-Term Debt) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtTables 36 false false R37.htm 100370 - Disclosure - Long-Term Debt (Credit Facility) (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtCreditFacilityNarrativeDetails Long-Term Debt (Credit Facility) (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtTables 37 false false R38.htm 100380 - Disclosure - Long-Term Debt (Notes) (Narrative) (Details) Notes http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtNotesNarrativeDetails Long-Term Debt (Notes) (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureLongTermDebtTables 38 false false R39.htm 100390 - Disclosure - New Markets Tax Credit Financing Transaction (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureNewMarketsTaxCreditFinancingTransactionNarrativeDetails New Markets Tax Credit Financing Transaction (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureNewMarketsTaxCreditFinancingTransaction 39 false false R40.htm 100400 - Disclosure - Fair Value Measurement (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureFairValueMeasurementNarrativeDetails Fair Value Measurement (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureFairValueMeasurement 40 false false R41.htm 100410 - Disclosure - Income Taxes (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureIncomeTaxesNarrativeDetails Income Taxes (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureIncomeTaxes 41 false false R42.htm 100420 - Disclosure - Derivatives and Hedging (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureDerivativesAndHedgingNarrativeDetails Derivatives and Hedging (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureDerivativesAndHedging 42 false false R43.htm 100430 - Disclosure - Subsequent Events - (Narrative) (Details) Sheet http://www.univstainless.com/20200331/taxonomy/role/DisclosureSubsequentEventsNarrativeDetails Subsequent Events - (Narrative) (Details) Details http://www.univstainless.com/20200331/taxonomy/role/DisclosureSubsequentEvents 43 false false All Reports Book All Reports usap-20200331.xml usap-20200331.xsd usap-20200331_cal.xml usap-20200331_def.xml usap-20200331_lab.xml usap-20200331_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/srt/2019-01-31 http://fasb.org/us-gaap/2019-01-31 true true XML 22 R29.htm IDEA: XBRL DOCUMENT v3.20.1

Net (loss) Income Per Common Share (Narrative) (Details) - Stock Compensation Plan [Member] - $ / shares
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]

Antidilutive securities excluded from computation of earnings per share, amount 741,550 641,500

Weighted average price of anti-dilutive options outstanding $ 24.27 $ 26.35

Exercise of stock options (shares) 19,650

X

- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of share options (or share units) exercised during the current period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price of anti-dilutive stock options outstanding.
+ References
No definition available.
+ Details

Name: usap_ShareBasedCompensationArrangementWeightedAveragePriceOfAntiDilutiveOptionsOutstanding

Namespace Prefix: usap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_StockCompensationPlanMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 23 R21.htm IDEA: XBRL DOCUMENT v3.20.1

Nature of Business and Basis of Presentation (Policies)
3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Basis of Presentation
The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated.

When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.

New Accounting Pronouncement
Recently Adopted Accounting Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements.

Recently Issued Accounting Pronouncements

The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
No definition available.
+ Details

Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 24 R25.htm IDEA: XBRL DOCUMENT v3.20.1

Inventory (Tables)
3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Major Classes of Inventory Inventories consisted of the following:

March 31,

December 31,

(in thousands)

2020

2019

Raw materials and starting stock

$

11,108

$

9,815

Semi-finished and finished steel products

125,880

127,713

Operating materials

13,126

13,090

Gross inventory

150,114

150,618

Inventory reserves

(3,335)

(3,216)

Total inventory, net

$

146,779

$

147,402

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766
+ Details

Name: us-gaap_ScheduleOfInventoryCurrentTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R41.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes (Narrative) (Details)
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Income Taxes [Line Items]

Estimated annual effective tax rate 28.30% 16.80%

Effective income tax rate continuing operations 27.00% 16.90%

Research and Development [Member]

Income Taxes [Line Items]

Effective income tax rate, federal statutory rate 21.00%

Effective income tax rate continuing operations 28.30%

X

- Definition
Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319
+ Details

Name: us-gaap_EffectiveIncomeTaxRateContinuingOperations

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319
+ Details

Name: us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
A ratio calculated by dividing the estimated amount of annual income tax expense attributable to continuing operations for the fiscal year by estimated annual GAAP basis pre-tax income from continuing operations.
+ References
No definition available.
+ Details

Name: usap_EstimatedAnnualEffectiveTaxRate

Namespace Prefix: usap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Income taxes.
+ References
No definition available.
+ Details

Name: usap_IncomeTaxesLineItems

Namespace Prefix: usap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TaxCreditCarryforwardAxis=us-gaap_ResearchMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 26 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 27 R20.htm IDEA: XBRL DOCUMENT v3.20.1

Subsequent Events
3 Months Ended

Mar. 31, 2020

Subsequent Events [Abstract]

Subsequent Events
Note 12: Subsequent Events

There are many uncertainties regarding the current coronavirus ("COVID-19") pandemic, and the Company is closely monitoring the impact of the pandemic on all aspects of its business, including how it will impact its customers, employees, suppliers, vendors, business partners and distribution channels. We are unable to predict the impact that COVID-19 will have on its financial position and operating results due to numerous uncertainties. The Company expects to continue to assess the evolving impact of the COVID-19 pandemic and intends to make adjustments to its responses accordingly.

On April 15, 2020, the Company entered into a term note with PNC Bank, National Association (“PNC”), with a principal amount of $10.0 million pursuant to the Paycheck Protection Program (“PPP Term Note”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022. The PPP Term Note may be accelerated upon the occurrence of an event of default.

The PPP Term Note is unsecured and guaranteed by the United States Small Business Administration. The Company may apply to PNC for forgiveness of the PPP Term Note, with the amount which may be forgiven equal to the sum of payroll costs, covered rent and mortgage obligations, and covered utility payments incurred by the Company during the eight-week period beginning upon receipt of PPP Term Note funds, calculated in accordance with the terms of the CARES Act. At this time, we are not in a position to quantify the portion of the PPP Term Note that will be forgiven.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 28 R24.htm IDEA: XBRL DOCUMENT v3.20.1

Revenue Recognition (Tables)
3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Summary of Revenue
The following summarizes our revenue by melt type:

Three months ended March 31,

2020

2019

Net sales:

Specialty alloys

$

49,920

$

49,764

Premium alloys (A)

7,664

9,370

Conversion services and other sales

910

1,137

Total net sales

$

58,494

60,271

(A)

Premium alloys represent all vacuum induction melted (VIM) products.

X

- Definition
Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045
+ Details

Name: us-gaap_DisaggregationOfRevenueTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_RevenueFromContractWithCustomerAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 29 R28.htm IDEA: XBRL DOCUMENT v3.20.1

Net (loss) Income Per Common Share (Computation of Basic and Diluted Net Income Per Common Share) (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Numerator:

Net (loss) income $ (1,411) $ 1,222

Denominator:

Weighted average number of shares of common stock outstanding 8,801,337 8,761,538

Weighted average effect of dilutive share-based compensation 98,987

Diluted weighted average number of shares of common stock outstanding 8,801,337 8,860,525

Net (loss) income per common share:

Net (loss) income per common share - Basic $ (0.16) $ 0.14

Net (loss) income per common share - Diluted $ (0.16) $ 0.14

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareBasicAndDilutedAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 28A
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1500-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetIncomeLossAttributableToParentDilutedAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 30 R12.htm IDEA: XBRL DOCUMENT v3.20.1

Inventory
3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

Inventory
Note 4: Inventory

Our raw material and starting stock inventory is primarily comprised of ferrous and non-ferrous scrap metal and alloys such as nickel, chrome, molybdenum, cobalt, vanadium and copper. Our semi-finished and finished steel products are work-in-process in various stages of production or are finished products waiting to be shipped to our customers.

Operating materials are primarily comprised of forge dies and production molds and rolls that are consumed over their useful lives. During the three months ended March 31, 2020 and 2019, we amortized these operating materials in the amount of $0.6 million in each period. This expense is recorded as a component of cost of products sold on the consolidated statements of operations and included as a part of our total depreciation and amortization on the consolidated statements of cash flows.

Inventory is stated at the lower of cost or net realizable value with cost principally determined on a weighted average cost method. Such costs include the acquisition cost for raw materials and supplies, direct labor and applied manufacturing overhead. We assess market based upon actual and estimated transactions at or around the balance sheet date. Typically, we reserve for slow-moving inventory and inventory that is being evaluated under our quality control process. The reserves are based upon management’s expected method of disposition.

Inventories consisted of the following:

March 31,

December 31,

(in thousands)

2020

2019

Raw materials and starting stock

$

11,108

$

9,815

Semi-finished and finished steel products

125,880

127,713

Operating materials

13,126

13,090

Gross inventory

150,114

150,618

Inventory reserves

(3,335)

(3,216)

Total inventory, net

$

146,779

$

147,402

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998
+ Details

Name: us-gaap_InventoryDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 31 R16.htm IDEA: XBRL DOCUMENT v3.20.1

Fair Value Measurement
3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurement
Note 8: Fair Value Measurement

The fair value hierarchy has three levels based on the inputs used to determine fair value, which are as follows:

Level 1 — Unadjusted quoted prices available in active markets for the identical assets or liabilities at the measurement date.

Level 2 — Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability.

Level 3 — Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.

The fair value hierarchy requires the use of observable market data when available. In instances where the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input significant to the fair value measurement in its entirety. Our assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.

The carrying amounts of our cash, accounts receivable and accounts payable approximated fair value at March 31, 2020 and December 31, 2019 due to their short-term maturities (Level 1). The fair value of the Term Loan and Revolving Credit facility at March 31, 2020 and December 31, 2019 approximated the carrying amount as the interest rate is based upon floating short-term interest rates (Level 2). The fair value of our Notes was approximately $15.0 million at March 31, 2020 and $16.9 million at December 31, 2019 (Level 2).

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-URI http://asc.fasb.org/topic&trid=2155941
+ Details

Name: us-gaap_FairValueMeasurementInputsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 32 R39.htm IDEA: XBRL DOCUMENT v3.20.1

New Markets Tax Credit Financing Transaction (Narrative) (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 09, 2018

Mar. 31, 2020

Dec. 31, 2019

New Markets Tax Credit Financing Transaction [Line Items]

New market tax credits recapture percentage 100.00%

New market tax credits period of recapture 7 years

Other long-term liabilities $ 3,681 $ 3,765

Gain (Loss) on Sale of Derivatives 2,800

Direct costs incurred in structuring financing transaction 1,320 1,376

New Markets Tax Credit (NMTC) Program [Member]

New Markets Tax Credit Financing Transaction [Line Items]

Aggregate principal amount of leverage loan loaned to investment fund $ 6,700

Leverage loan, due date 2048-03

Other long-term liabilities $ 2,800 $ 2,800

Direct costs incurred in structuring financing transaction $ 700

New Markets Tax Credit (NMTC) Program [Member] | PNC New Markets Investment Partners, LLC [Member]

New Markets Tax Credit Financing Transaction [Line Items]

Capital contributions to investment fund $ 3,500

X

- Definition
Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399
+ Details

Name: us-gaap_DeferredFinanceCostsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.13(h))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260
+ Details

Name: us-gaap_GainLossOnSaleOfDerivatives

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.24)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate principal amount of leverage loan loaned to investment fund.
+ References
No definition available.
+ Details

Name: usap_AggregatePrincipalAmountOfLeverageLoanLoanedToInvestmentFund

Namespace Prefix: usap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Capital contributions to investment fund.
+ References
No definition available.
+ Details

Name: usap_CapitalContributionsToInvestmentFund

Namespace Prefix: usap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Leverage loan due date month and year.
+ References
No definition available.
+ Details

Name: usap_LeverageLoanDueDateMonthAndYear

Namespace Prefix: usap_

Data Type: xbrli:gYearMonthItemType

Balance Type: na

Period Type: duration

X

- Definition
New market tax credits period of recapture.
+ References
No definition available.
+ Details

Name: usap_NewMarketTaxCreditsPeriodOfRecapture

Namespace Prefix: usap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
New market tax credits recapture percentage.
+ References
No definition available.
+ Details

Name: usap_NewMarketTaxCreditsRecapturePercentage

Namespace Prefix: usap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
New markets tax credit financing transaction.
+ References
No definition available.
+ Details

Name: usap_NewMarketsTaxCreditFinancingTransactionLineItems

Namespace Prefix: usap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_TransactionTypeAxis=usap_NewMarketsTaxCreditProgramMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_CounterpartyNameAxis=usap_PNCNewMarketsInvestmentPartnersLLCMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 33 R35.htm IDEA: XBRL DOCUMENT v3.20.1

Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details)
$ in Thousands

Mar. 31, 2020

USD ($)

Operating Leases

2020 $ 159

2021 192

2022 181

2023 87

2024 11

Total minimum lease payments 630

Less amounts representing interest (36)

Present value of minimum lease payments 594

Less current obligations (204)

Total long-term lease obligations, net $ 390

Weighted-average remaining lease term 3 years 2 months 12 days

Finance Leases

2020 $ 434

2021 471

2022 56

2023 15

Total minimum lease payments 976

Less amounts representing interest (75)

Present value of minimum lease payments 901

Less current obligations (774)

Total long-term lease obligations, net $ 127

Weighted-average remaining lease term 1 year 1 month 6 days

X

- References
No definition available.
+ Details

Name: us-gaap_FinanceLeaseLiabilitiesPaymentsDueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from finance lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_FinanceLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in fourth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearFour

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in third fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in second fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for finance lease, due in remainder of fiscal year following latest fiscal year ended.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for finance lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_FinanceLeaseLiabilityUndiscountedExcessAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Weighted average remaining lease term for finance lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971
+ Details

Name: us-gaap_FinanceLeaseWeightedAverageRemainingLeaseTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments for operating lease having an initial or remaining lease term in excess of one year due in remainder of fiscal year following latest fiscal year.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980
+ Details

Name: us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingLeaseLiabilitiesPaymentsDueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiability

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977
+ Details

Name: us-gaap_OperatingLeaseLiabilityNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 55
-Paragraph 53
-URI http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (g)(3)
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980
+ Details

Name: us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

XML 34 R31.htm IDEA: XBRL DOCUMENT v3.20.1

Revenue Recognition (Summary of Revenue) (Details) - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Disaggregation Of Revenue [Line Items]

Net sales $ 58,494 $ 60,271

Specialty Alloys [Member]

Disaggregation Of Revenue [Line Items]

Net sales 49,920 49,764

Premium Alloys [Member]

Disaggregation Of Revenue [Line Items]

Net sales 7,664 9,370

Conversion Services and Other Sales [Member]

Disaggregation Of Revenue [Line Items]

Net sales $ 910 $ 1,137

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_DisaggregationOfRevenueLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Details

Name: srt_ProductOrServiceAxis=usap_SpecialtyAlloysMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=usap_PremiumAlloysMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_ProductOrServiceAxis=usap_ConversionServicesAndOtherSalesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 35 R2.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Income Statement [Abstract]

Net sales $ 58,494 $ 60,271

Cost of products sold 53,585 52,901

Gross margin 4,909 7,370

Selling, general and administrative expenses 5,908 4,966

Operating (loss) income (999) 2,404

Interest expense and other financing costs 952 913

Other (income) expense, net (17) 21

(Loss) income before income taxes (1,934) 1,470

(Benefit) provision for income taxes (523) 248

Net (loss) income $ (1,411) $ 1,222

Net (loss) income per common share - Basic $ (0.16) $ 0.14

Net (loss) income per common share - Diluted $ (0.16) $ 0.14

Weighted average shares of common stock outstanding

Basic 8,801,337 8,761,538

Diluted 8,801,337 8,860,525

X

- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_CostOfGoodsAndServicesSold

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1,2)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_GrossProfit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeStatementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (210.5-03(11))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.9)
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260
+ Details

Name: us-gaap_InterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (expense) related to nonoperating activities, classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.9)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130543-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045
+ Details

Name: us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68048583&loc=d3e3636-108311

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227
+ Details

Name: us-gaap_SellingGeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1505-109256
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1448-109256

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 36 R6.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Operating Activities:

Net (loss) income $ (1,411) $ 1,222

Adjustments for non-cash items:

Depreciation and amortization 5,025 4,646

Deferred income tax (525) 235

Share-based compensation expense 511 432

Changes in assets and liabilities:

Accounts receivable, net (1,019) (2,003)

Inventory, net 12 (12,962)

Accounts payable (9,161) (1,314)

Accrued employment costs (687) (4,390)

Income taxes 7 12

Other, net (524) (3,719)

Net cash used in operating activities (7,772) (17,841)

Investing Activity:

Capital expenditures (4,042) (5,557)

Net cash used in investing activity (4,042) (5,557)

Financing Activities:

Borrowings under revolving credit facility 49,232 50,450

Payments on revolving credit facility (34,872) (29,339)

Payments on term loan facility, finance leases, and notes (2,483) (2,472)

Bank overdrafts 1,276

Proceeds from the exercise of stock options 41

Net cash provided by financing activities 11,877 19,956

Net increase (decrease) in cash and restricted cash 63 (3,442)

Cash and restricted cash at beginning of period 170 4,091

Cash and restricted cash at end of period $ 233 $ 649

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-URI http://asc.fasb.org/extlink&oid=116825942&loc=d3e330036-122817

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319
+ Details

Name: us-gaap_DeferredIncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_DepreciationAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes, and in deferred and other tax liabilities and assets.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInIncomeTaxes

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInInventories

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3536-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromLongTermLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The net cash inflow or outflow from the excess drawing from an existing cash balance, which will be honored by the bank but reflected as a loan to the drawer.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 9
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3098-108585
+ Details

Name: us-gaap_ProceedsFromRepaymentsOfBankOverdrafts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of cash inflow from exercise of option under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=SL79508275-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=116874947&loc=SL4591552-111686
+ Details

Name: us-gaap_ProfitLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfLongTermLinesOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash outflow for the payment of debt classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfOtherDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of noncash expense for share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585
+ Details

Name: us-gaap_ShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 37 R43.htm IDEA: XBRL DOCUMENT v3.20.1

Subsequent Events - (Narrative) (Details) - Subsequent Event [Member] - PPP Term Note [Member] - CARES Act [Member]
$ in Millions

Apr. 15, 2020

USD ($)

Subsequent Event [Line Items]

Debt instrument, aggregate principal amount $ 10.0

Debt instrument interest rate 1.00%

Debt instrument, payment terms The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022

X

- Definition
Face (par) amount of debt instrument at time of issuance.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400
+ Details

Name: us-gaap_DebtInstrumentFaceAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Contractual interest rate for funds borrowed, under the debt agreement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateStatedPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Description of the payment terms of the debt instrument (for example, whether periodic payments include principal and frequency of payments) and discussion about any contingencies associated with the payment.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823
+ Details

Name: us-gaap_DebtInstrumentPaymentTerms

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.
+ References
No definition available.
+ Details

Name: us-gaap_SubsequentEventLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=usap_PPPTermNoteMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_UnusualRiskOrUncertaintyByNatureAxis=usap_CARESActMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 38 R22.htm IDEA: XBRL DOCUMENT v3.20.1

Revenue Recognition (Policies)
3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue Recognition
The Company’s revenues are primarily comprised of sales of products. Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales and other taxes are excluded from revenues. Invoiced shipping and handling costs are included in revenue.

The Company’s revenue is primarily from products transferred to customers at a point in time. The Company recognizes revenue at the point in time in which the customer obtains control of the product, which is generally when product title passes to the customer upon shipment.
We have determined that there are certain customer agreements involving production of specified product grades and shapes that require revenue to be recognized over time, in advance of shipment, due to there being no alternative use for these grades and shapes without significant economic loss. Also, the Company maintains an enforceable right to payment including a normal profit margin from the customer in the event of contract termination.

X

- References
No definition available.
+ Details

Name: us-gaap_RevenueFromContractWithCustomerAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for revenue. Includes revenue from contract with customer and from other sources.
+ References
Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18823-107790
+ Details

Name: us-gaap_RevenueRecognitionPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 39 R26.htm IDEA: XBRL DOCUMENT v3.20.1

Leases (Tables)
3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Future Minimum Lease Payments Applicable to Operating and Finance Leases
As of March 31, 2020, future minimum lease payments applicable to operating and finance leases were as follows:

Operating Leases

Finance Leases

2020

$

159

$

434

2021

192

471

2022

181

56

2023

87

15

2024

11

-

Total minimum lease payments

$

630

$

976

Less amounts representing interest

(36)

(75)

Present value of minimum lease payments

$

594

$

901

Less current obligations

(204)

(774)

Total long-term lease obligations, net

$

390

$

127

Weighted-average remaining lease term

3.2 years

1.1 years

X

- References
No definition available.
+ Details

Name: us-gaap_LeasesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Schedule of lessee operating and finance lease liability maturity.
+ References
No definition available.
+ Details

Name: usap_ScheduleOfLesseeOperatingAndFinanceLeaseLiabilityMaturityTableTextBlock

Namespace Prefix: usap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 R37.htm IDEA: XBRL DOCUMENT v3.20.1

Long-Term Debt (Credit Facility) (Narrative) (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Aug. 03, 2018

Line of Credit Facility [Line Items]

Maximum secured borrowing capacity $ 110,000,000

Percentage of maximum secured borrowing capacity 12.50%

Payments of notes payable $ 0

Net deferred financing fees 1,320,000 $ 1,376,000

Amortization of deferred financing costs $ 100,000

PNC Bank [Member]

Line of Credit Facility [Line Items]

Minimum fixed charge coverage ratio 110.00%

Amended and Restated Prior Credit Agreement [Member] | PNC Bank [Member]

Line of Credit Facility [Line Items]

Debt instrument, expiration date Aug. 03, 2023

Revolving Credit Facility [Member] | PNC Bank [Member]

Line of Credit Facility [Line Items]

Commitment fee on the daily unused portion of the Revolver 0.25%

Net deferred financing fees $ 700,000

Revolving Credit Facility [Member] | PNC Bank [Member] | LIBOR [Member]

Line of Credit Facility [Line Items]

Debt instrument, effective interest rate 2.76%

Revolving Credit Facility [Member] | Amended and Restated Prior Credit Agreement [Member] | PNC Bank [Member]

Line of Credit Facility [Line Items]

Maximum secured borrowing capacity $ 110,000,000

Term Loan [Member] | PNC Bank [Member]

Line of Credit Facility [Line Items]

Debt Instrument, Frequency of Periodic Payment quarterly

Quarterly term loan payments $ 400,000

Term Loan [Member] | PNC Bank [Member] | LIBOR [Member]

Line of Credit Facility [Line Items]

Debt instrument, effective interest rate 3.84%

Term Loan [Member] | Amended and Restated Prior Credit Agreement [Member] | PNC Bank [Member]

Line of Credit Facility [Line Items]

Maximum secured borrowing capacity $ 10,000,000

X

- Definition
Amount of amortization expense attributable to debt issuance costs.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(8))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399
+ Details

Name: us-gaap_AmortizationOfFinancingCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Description of the frequency of periodic payments (monthly, quarterly, annual).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823
+ Details

Name: us-gaap_DebtInstrumentFrequencyOfPeriodicPayment

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6036836-161870

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentInterestRateEffectivePercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of the required periodic payments applied to principal.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DebtInstrumentPeriodicPaymentPrincipal

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399
+ Details

Name: us-gaap_DeferredFinanceCostsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityCommitmentFeePercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Date the credit facility terminates, in CCYY-MM-DD format.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityExpirationDate1

Namespace Prefix: us-gaap_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Percentage of maximum borrowing capacity.
+ References
No definition available.
+ Details

Name: usap_LineOfCreditFacilityMaximumBorrowingCapacityPercentage

Namespace Prefix: usap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Minimum fixed charge coverage ratio.
+ References
No definition available.
+ Details

Name: usap_MinimumFixedChargeCoverageRatio

Namespace Prefix: usap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_LineOfCreditFacilityAxis=usap_PncBankMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=usap_AmendedAndRestatedPriorCreditAgreementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_VariableRateAxis=us-gaap_LondonInterbankOfferedRateLIBORMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 41 R33.htm IDEA: XBRL DOCUMENT v3.20.1

Inventory (Major Classes of Inventory) (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Inventory Disclosure [Abstract]

Raw materials and starting stock $ 11,108 $ 9,815

Semi-finished and finished steel products 125,880 127,713

Operating materials 13,126 13,090

Gross inventory 150,114 150,618

Inventory reserves (3,335) (3,216)

Total inventory, net $ 146,779 $ 147,402

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount before valuation reserves of merchandise or goods held by the entity that are readily available for sale and items held by the entity which are partially complete or in the process of being readied for sale.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a)(1),(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryFinishedGoodsAndWorkInProcess

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Gross amount, as of the balance sheet date, of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116846819&loc=d3e3927-108312

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Gross amount of unprocessed materials to be used in manufacturing or production process and supplies that will be consumed.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a)(4),(5))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryRawMaterialsAndSupplies

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of valuation reserve for inventory.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116846819&loc=d3e3927-108312

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryValuationReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value of operating materials and supplies as of the Balance Sheet date.
+ References
No definition available.
+ Details

Name: usap_InventoryOperatingMaterials

Namespace Prefix: usap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 42 R18.htm IDEA: XBRL DOCUMENT v3.20.1

Income Taxes
3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income Taxes
Note 10: Income Taxes

Management estimates the annual effective income tax rate quarterly, based on current annual forecasted results. Items unrelated to current year ordinary income are recognized entirely in the period identified as a discrete item of tax. The quarterly income tax provision includes tax on ordinary income provided at the most recent estimated annual effective tax rate (“ETR”), increased or decreased for the tax effect of discrete items.

For the three months ended March 31, 2020 and 2019, our estimated annual effective tax rates applied to ordinary income were 28.3% and 16.8%, respectively. The difference between the federal statutory rate of 21.0% and the projected annual ETR of 28.3% for 2020 is primarily due to research and development credits.

Discrete items during the three months ended March 31, 2020 and 2019 were not significant, and our ETR for the first quarter in each year was 27.0% and 16.9%, respectively.

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeTaxDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680
+ Details

Name: us-gaap_IncomeTaxDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 43 R10.htm IDEA: XBRL DOCUMENT v3.20.1

Net (loss) Income Per Common Share
3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Net (loss) Income Per Common Share
Note 2: Net (loss) income per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

Three months ended

March 31,

(dollars in thousands, except per share amounts)

2020

2019

Numerator:

Net (loss) income

$

(1,411

)

$

1,222

Denominator:

Weighted average number of shares of common stock outstanding

8,801,337

8,761,538

Weighted average effect of dilutive share-based compensation

-

98,987

Diluted weighted average number of shares of common stock outstanding

8,801,337

8,860,525

Net (loss) income per common share:

Net (loss) income per common share - Basic

$

(0.16

)

$

0.14

Net (loss) income per common share - Diluted

$

(0.16

)

$

0.14

We had options to purchase 741,550 and 641,500 shares of common stock outstanding at a weighted average price of $24.27 and $26.35 for the three months ended March 31, 2020 and 2019, respectively, which were excluded in the computation of diluted net (loss) income per common share. These options were not included in the computation of diluted net (loss) income per common share because their exercise prices were greater than the average market price of our common stock. In addition, the calculation of diluted net (loss) per share for the three months ended March 31, 2020 excluded 19,650 shares for the assumed exercise of stock options as a result of being in a net loss position.

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for earnings per share.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383
+ Details

Name: us-gaap_EarningsPerShareTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 44 R14.htm IDEA: XBRL DOCUMENT v3.20.1

Long-Term Debt
3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Long-Term Debt
Note 6: Long-Term Debt

Long-term debt consisted of the following:

March 31,

December 31,

(in thousands)

2020

2019

Revolving credit facility

$

53,840

$

39,480

Notes

15,000

17,000

Term loan

7,857

8,215

Finance leases

901

1,026

Total debt

77,598

65,721

Less: current portion of long-term debt

(17,203)

(3,934)

Less: deferred financing costs

(1,320)

(1,376)

Long-term debt, net

$

59,075

$

60,411

Credit Facility

On August 3, 2018, we entered into the First Amended and Restated Revolving Credit, Term Loan and Security Agreement (“Credit Agreement”) with PNC Bank, National Association, as administrative agent and co-collateral agent, Bank of America, N.A., as co-collateral agent, and PNC Capital Markets LLC, as sole lead arranger and sole bookrunner. The Credit Agreement and provides for a senior secured revolving credit facility not to exceed $110.0 million (“Revolving Credit Facility”) and a senior secured term loan facility (“Term Loan”) in the amount of $10.0 million (together with the Revolving Credit Facility, the “Facilities”). The Company was in compliance with all the applicable financial covenants at all reporting periods through March 31, 2020.

The Facilities, which expire on August 3, 2023 (the ‘Expiration Date”), are collateralized by a first lien on substantially all of the assets of the company and its subsidiaries, except that no real property is collateral under the Facilities other than Company’s real property in North Jackson, Ohio.

Availability under the Credit Agreement is based on eligible accounts receivable and inventory. Further, the Company must maintain undrawn availability under the Credit Agreement of at least an amount equal to payments due on the notes issued in connection with the acquisition of the North Jackson facility, as defined in the Credit Agreement, plus 12.5% of the maximum borrowing amount of $110.0 million “(Minimum Liquidity”). At March 31, 2020, there were no payments due on the notes relevant to the Minimum Liquidity calculation. This requirement exists until the notes are paid in full, refinanced or extended.

The Company is required to pay a commitment fee of 0.25% based on the daily unused portion of the Revolving Credit Facility.

With respect to the Term Loan, the Company pays quarterly installments of the principal of approximately $0.4 million, plus accrued and unpaid interest, on the first day of each fiscal quarter beginning after September 30, 2018. To the extent not previously paid, the Term Loan will become due and payable in full on the Expiration Date.

Amounts outstanding under the Facilities, at the Company’s option, bear interest at either a base rate or a LIBOR based rate, in either case calculated in accordance with the terms of the Credit Agreement. Interest under the Credit Agreement is payable monthly. We elected to use the LIBOR based rate for the majority of the debt outstanding under the Facilities for the three months ended March 31, 2020, which was 2.76% on our Revolving Credit Facility and 3.84% for the Term Loan.

The Credit Agreement contains customary affirmative and negative covenants. If a triggering event occurs as defined in the Credit Agreement, the Company must maintain a fixed charge coverage ratio of not less than 1.10 to 1.0 measured on a rolling four quarter basis and calculated in accordance with the terms of the Credit Agreement.

At March 31, 2020, we had Credit Agreement related net deferred financing costs of approximately $0.7 million. For the three months ended March 31, 2020, we amortized $0.1 million of those deferred financing costs.

Notes

In connection with the acquisition of the North Jackson facility, in August 2011, we issued $20.0 million in aggregate principal amount of notes to the sellers of the North Jackson facility as partial consideration of the acquisition.

On January 21, 2016, the Company entered into Amended and Restated Notes in the aggregate principal amount of $20.0 million (the “Notes”), each in favor of Gorbert Inc. (“Holder”). The Company’s obligations under the Notes are collateralized by a second lien on the same assets of the Company that collateralize the obligations of the Company under the Facilities. The Holder had the right to elect at any time on or prior to August 17, 2017 to convert all or any portion of the outstanding principal amount of the Notes. The Holder’s conversion rights expired and are no longer subject to exercise.

The Notes were originally scheduled to mature on March 17, 2019. On March 30, 2018, the Company provided notification of its intent to extend the maturity date to March 17, 2020 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2020, principal payments in the aggregate of $2.0 million were made in March 2019.

On March 18, 2019, the Company provided notification of its intent to extend the maturity date to March 17, 2021 in accordance with the terms of the Notes. Upon the Company’s extension of the maturity date of the Notes to March 17, 2021, principal payments in the aggregate of $2.0 million were made in March 2020.

There are no further extension options remaining, and the remaining aggregate principal balance of the Notes outstanding of $15.0 million has been classified within Current portion of long-term debt as of March 31, 2020.

In accordance with the terms of the Notes, the Notes have borne interest at a rate of 6.0% per year since August 17, 2017. All accrued and unpaid interest is payable quarterly in arrears on each September 18, December 18, March 18 and June 18.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564
+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 45 R8.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands

Total

Common Stock [Member]

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Treasury Stock [Member]

Beginning Balance at Dec. 31, 2018 $ 9 $ 93,100 $ 146,191 $ 1 $ (2,290)

Beginning Balance (shares) at Dec. 31, 2018 8,752,490 292,855

Share-based compensation 432

Share-based compensation (shares) 6,401

Net gain (loss) on derivative instruments (67)

Adoption of ASU 2018-02 $ (21) 21 (21)

Net (loss) income 1,222 1,222

Ending Balance at Mar. 31, 2019 $ 9 93,701 147,434 (87) $ (2,290)

Ending Balance (shares) at Mar. 31, 2019 8,772,211 292,855

Common stock issuance under Employee Stock Purchase Plan 128

Common stock issuance under Employee Stock Purchase Plan (shares) 9,270

Exercise of stock options 41

Exercise of stock options (shares) 4,050

Beginning Balance at Dec. 31, 2019 243,136 $ 9 94,982 150,487 (31) $ (2,311)

Beginning Balance (shares) at Dec. 31, 2019 8,799,436 294,279

Share-based compensation 511

Share-based compensation (shares) 3,680

Net gain (loss) on derivative instruments 120

Net (loss) income (1,411) (1,411)

Ending Balance at Mar. 31, 2020 $ 242,356 $ 9 $ 95,493 $ 149,076 $ 89 $ (2,311)

Ending Balance (shares) at Mar. 31, 2020 8,803,116 294,279

X

- Definition
Amount of increase to additional paid-in capital (APIC) for recognition of cost for award under share-based payment arrangement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 20
-Section 55
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=118258462&loc=d3e11149-113907

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5047-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 20
-Section 55
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=118258462&loc=d3e11178-113907

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116855982&loc=d3e4534-113899
+ Details

Name: us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued during the period as a result of an employee stock purchase plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number, after forfeiture, of shares or units issued under share-based payment arrangement. Excludes shares or units issued under employee stock ownership plan (ESOP).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of share options (or share units) exercised during the current period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(2)
-URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Aggregate change in value for stock issued during the period as a result of employee stock purchase plan.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Value of stock issued as a result of the exercise of stock options.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of increase (decrease) in accumulated other comprehensive income (AOCI) for reclassification to retained earnings of tax effect from remeasurement of deferred tax pursuant to Tax Cuts and Jobs Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL116659650-108580
+ Details

Name: us-gaap_TaxCutsAndJobsActOf2017ReclassificationFromAociToRetainedEarningsTaxEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Net gain (loss) on derivative instruments.
+ References
No definition available.
+ Details

Name: usap_NetGainLossOnDerivativeInstruments

Namespace Prefix: usap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 46 R4.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Current assets:

Cash $ 233 $ 170

Accounts receivable (less allowance for doubtful accounts of $295) 36,614 35,595

Inventory, net 146,779 147,402

Other current assets 8,877 8,300

Total current assets 192,503 191,467

Property, plant and equipment, net 173,994 176,061

Other long-term assets 758 871

Total assets 367,255 368,399

Current liabilities:

Accounts payable 29,907 40,912

Accrued employment costs 3,762 4,449

Current portion of long-term debt 17,203 3,934

Other current liabilities 799 830

Total current liabilities 51,671 50,125

Long-term debt, net 59,075 60,411

Deferred income taxes 10,472 10,962

Other long-term liabilities, net 3,681 3,765

Total liabilities 124,899 125,263

Stockholders’ equity:

Senior preferred stock, par value $0.001 per share; 1,980,000 shares authorized; 0 shares issued and outstanding

Common stock, par value $0.001 per share; 20,000,000 shares authorized; 9,097,395 and 9,093,715 shares issued, respectively 9 9

Additional paid-in capital 95,493 94,982

Accumulated other comprehensive income (loss) 89 (31)

Retained earnings 149,076 150,487

Treasury stock, at cost; 294,279 common shares held (2,311) (2,311)

Total stockholders’ equity 242,356 243,136

Total liabilities and stockholders’ equity $ 367,255 $ 368,399

X

- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130549-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4428-111522

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=118952595&loc=d3e4531-111522
+ Details

Name: us-gaap_AccountsReceivableNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e681-108580
+ Details

Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapitalCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6801-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.9)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765
+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31917-109318

Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31931-109318

Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e31958-109318
+ Details

Name: us-gaap_DeferredTaxLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_EmployeeRelatedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=116846819&loc=d3e3927-108312

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of long-term debt and lease obligation, classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt and lease obligation, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of current assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherAssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of noncurrent assets classified as other.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6904-107765

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6911-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.24)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29,30)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655
+ Details

Name: us-gaap_TreasuryStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 47 R36.htm IDEA: XBRL DOCUMENT v3.20.1

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Debt Instrument [Line Items]

Total debt $ 77,598 $ 65,721

Less: current portion of long-term debt (17,203) (3,934)

Less: deferred financing costs (1,320) (1,376)

Long-term debt, net 59,075 60,411

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Total debt 53,840 39,480

Notes [Member]

Debt Instrument [Line Items]

Total debt 15,000 17,000

Term Loan [Member]

Debt Instrument [Line Items]

Total debt 7,857 8,215

Finance Leases [Member]

Debt Instrument [Line Items]

Total debt $ 901 $ 1,026

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399
+ Details

Name: us-gaap_DeferredFinanceCostsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of long-term debt and lease obligation, classified as noncurrent.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt and lease obligation, classified as current.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt and lease obligation, including portion classified as current.
+ References
No definition available.
+ Details

Name: us-gaap_LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableOtherPayablesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_NotesPayableToBanksMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_LongtermDebtTypeAxis=us-gaap_CapitalLeaseObligationsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 48 R32.htm IDEA: XBRL DOCUMENT v3.20.1

Inventory (Narrative) (Details) - USD ($)
$ in Millions
3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Inventory Disclosure [Abstract]

Cost of goods sold, amortization of operating materials $ 0.6 $ 0.6

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Cost of goods sold, amortization of operating materials.
+ References
No definition available.
+ Details

Name: usap_CostOfGoodsSoldAmortizationOfOperatingMaterials

Namespace Prefix: usap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 49 R11.htm IDEA: XBRL DOCUMENT v3.20.1

Revenue Recognition
3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue Recognition
Note 3: Revenue Recognition

The Company’s revenues are primarily comprised of sales of products. Revenue is recognized when the Company satisfies its performance obligation under the contract by transferring the promised product to its customer that obtains control of the product. A performance obligation is a promise in a contract to transfer a distinct product to a customer. Most of the Company’s contracts have a single performance obligation, as the promise to transfer products or services is not separately identifiable from other promises in the contract and, therefore, not distinct.

Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring products. As such, revenue is recorded net of returns, allowances, customer discounts, and incentives. Sales and other taxes are excluded from revenues. Invoiced shipping and handling costs are included in revenue.

The Company’s revenue is primarily from products transferred to customers at a point in time. The Company recognizes revenue at the point in time in which the customer obtains control of the product, which is generally when product title passes to the customer upon shipment.

We have determined that there are certain customer agreements involving production of specified product grades and shapes that require revenue to be recognized over time, in advance of shipment, due to there being no alternative use for these grades and shapes without significant economic loss. Also, the Company maintains an enforceable right to payment including a normal profit margin from the customer in the event of contract termination. Contract assets related to services performed, not yet billed of $2.2 million are included in Accounts Receivable in the Consolidated Balance Sheets at March 31, 2020 and December 31, 2019.

The Company has elected the following practical expedients allowed under Accounting Standards Codification Topic 606:

•

Shipping costs are not considered to be separate performance obligations.

•

Performance obligations are satisfied within one year from a given reporting date; consequently, we omit disclosure of the transaction price apportioned to remaining performance obligations on open orders.

The following summarizes our revenue by melt type:

Three months ended March 31,

2020

2019

Net sales:

Specialty alloys

$

49,920

$

49,764

Premium alloys (A)

7,664

9,370

Conversion services and other sales

910

1,137

Total net sales

$

58,494

60,271

(A)

Premium alloys represent all vacuum induction melted (VIM) products.

X

- References
No definition available.
+ Details

Name: us-gaap_RevenueFromContractWithCustomerAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388
+ Details

Name: us-gaap_RevenueFromContractWithCustomerTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 50 R15.htm IDEA: XBRL DOCUMENT v3.20.1

New Markets Tax Credit Financing Transaction
3 Months Ended

Mar. 31, 2020

New Markets Tax Credit Financing Transaction Disclosure [Abstract]

New Markets Tax Credit Financing Transaction
Note 7: New Markets Tax Credit Financing Transaction

On March 9, 2018, the Company entered into a qualified New Markets Tax Credit (“NMTC”) financing program with PNC New Markets Investment Partners, LLC and Boston Community Capital, Inc. related to a new mid-size bar cell capital project at the Company’s Dunkirk, NY facility. PNC New Markets Investment Partners, LLC made a capital contribution and the Company made a loan to Dunkirk Investment Fund, LLC (“Investment Fund”) under the qualified NMTC program. Through this financing transaction, the Company secured low interest financing and the potential for other future benefits related to its mid-size bar cell capital project.

In connection with the NMTC financing program, the Company loaned $6.7 million aggregate principal amount (“Leverage Loan”) due in March 2048, to the Investment Fund. Additionally, PNC New Markets Investment Partners, LLC contributed $3.5 million to the Investment Fund, and as such, PNC New Markets Investment Partners, LLC is entitled to substantially all tax and other benefits derived from the NMTC. The Investment Fund then contributed the proceeds to a community development entity (“CDE”). The CDE then loaned the funds, on similar terms, as the Leverage Loan to Dunkirk Specialty Steel, LLC, a wholly-owned subsidiary of the Company. The CDE loan proceeds are restricted for use on the mid-size bar cell capital project.

The NMTC is subject to 100 percent recapture for a period of seven years as provided in the Internal Revenue Code. The Company is required to comply with various regulations and contractual provisions that apply to the NMTC arrangement. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, require the Company to indemnify PNC New Markets Investment Partners, LLC for any loss or recapture of NMTCs related to the financing until the Company’s obligation to deliver tax benefits is relieved. The Company does not anticipate any credit recaptures will be required in connection with this arrangement.

As of March 31, 2020 and December 31, 2019, the Company recorded $2.8 million within Other long-term liabilities related to this transaction, which represents the funds contributed to the Investment Fund by PNC New Markets Investment Partners, LLC.

This transaction also includes a put/call provision whereby the Company may be obligated or entitled to repurchase PNC New Markets Investment Partners, LLC’s interest in the Investment Fund. The Company believes that PNC New Markets Investment Partners, LLC will exercise the put option in March 2025, at the end of the recapture period, resulting in a gain of $2.8 million at that time. The value attributed to the put/call is negligible.

Direct costs incurred in structuring this financing transaction totaled $0.7 million. These costs were deferred and are amortized over the term of the loans.

The Company has determined that the Investment Fund and CDE are each a VIE, and that it is the primary beneficiary of each VIE. This conclusion was reached based on the following:

•

The ongoing activities of the VIE, collecting and remitting interest and fees, and NMTC compliance were all considered in the initial design and are not expected to significantly affect economic performance throughout the life of the VIE;

•

Contractual arrangements obligate the Company to comply with NMTC rules and regulations and provide various other guarantees to the Investment Fund and CDE;

•

PNC New Markets Investment Partners, LLC lacks a material interest in the underlying economics of the project; and

•

The Company is obligated to absorb losses of the VIE.

Because the Company is the primary beneficiary of each VIE, these entities have been included in the Company’s Consolidated Financial Statements.

X

- Definition
New markets tax credit financing transaction disclosure.
+ References
No definition available.
+ Details

Name: usap_NewMarketsTaxCreditFinancingTransactionDisclosureAbstract

Namespace Prefix: usap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
New markets tax credit financing transaction.
+ References
No definition available.
+ Details

Name: usap_NewMarketsTaxCreditFinancingTransactionDisclosureTextBlock

Namespace Prefix: usap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 51 R19.htm IDEA: XBRL DOCUMENT v3.20.1

Derivatives and Hedging
3 Months Ended

Mar. 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivatives and Hedging
Note 11: Derivatives and Hedging

The Company invoices certain customers in foreign currencies. In order to mitigate the risks associated with fluctuations in exchange rates with the US Dollar, the Company entered into foreign exchange forward contracts during 2020 and 2019 for a portion of these sales, and has designated these contracts as cash flow hedges.

At March 31, 2020, the notional value of contracts was $3.4 million, and a related accumulated unrealized gain of $0.1 million was recorded in other comprehensive income.

At December 31, 2019, the notional value of contracts was $4.9 million, and the related unrealized loss recorded in other comprehensive income was less than $0.1 million.

X

- References
No definition available.
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-URI http://asc.fasb.org/topic&trid=2229140
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 52 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document and Entity Information - shares
3 Months Ended

Mar. 31, 2020

Apr. 17, 2020

Cover [Abstract]

Document Type 10-Q

Amendment Flag false

Document Period End Date Mar. 31, 2020

Document Fiscal Year Focus 2020

Document Fiscal Period Focus Q1

Trading Symbol USAP

Entity Registrant Name UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

Entity Central Index Key 0000931584

Entity Current Reporting Status Yes

Entity Interactive Data Current Yes

Current Fiscal Year End Date --12-31

Entity Filer Category Accelerated Filer

Entity Small Business true

Entity Emerging Growth Company false

Title of 12(b) Security Common Stock, par value $0.001 per share

Security Exchange Name NASDAQ

Entity Common Stock, Shares Outstanding 8,803,116

Entity Shell Company false

Entity File Number 000-25032

Entity Incorporation, State or Country Code DE

Entity Tax Identification Number 25-1724540

Entity Address, Address Line One 600 Mayer Street

Entity Address, City or Town Bridgeville

Entity Address, State or Province PA

Entity Address, Postal Zip Code 15017

City Area Code 412

Local Phone Number 257-7600

Document Quarterly Report true

Document Transition Report false

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Area code of city
+ References
No definition available.
+ Details

Name: dei_CityAreaCode

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Cover page.
+ References
No definition available.
+ Details

Name: dei_CoverAbstract

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true only for a form used as an quarterly report.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form 10-Q
-Number 240
-Section 13
-Subsection a-13
+ Details

Name: dei_DocumentQuarterlyReport

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true only for a form used as a transition report.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Forms 10-K, 10-Q, 20-F
-Number 240
-Section 13
-Subsection a-1-
+ Details

Name: dei_DocumentTransitionReport

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details

Name: dei_EntityAddressAddressLine1

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Name of the City or Town
+ References
No definition available.
+ Details

Name: dei_EntityAddressCityOrTown

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details

Name: dei_EntityAddressPostalZipCode

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Name of the state or province.
+ References
No definition available.
+ Details

Name: dei_EntityAddressStateOrProvince

Namespace Prefix: dei_

Data Type: dei:stateOrProvinceItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details

Name: dei_EntityFileNumber

Namespace Prefix: dei_

Data Type: dei:fileNumberItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details

Name: dei_EntityIncorporationStateCountryCode

Namespace Prefix: dei_

Data Type: dei:edgarStateCountryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityTaxIdentificationNumber

Namespace Prefix: dei_

Data Type: dei:employerIdItemType

Balance Type: na

Period Type: duration

X

- Definition
Local phone number for entity.
+ References
No definition available.
+ Details

Name: dei_LocalPhoneNumber

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details

Name: dei_Security12bTitle

Namespace Prefix: dei_

Data Type: dei:securityTitleItemType

Balance Type: na

Period Type: duration

X

- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details

Name: dei_SecurityExchangeName

Namespace Prefix: dei_

Data Type: dei:edgarExchangeCodeItemType

Balance Type: na

Period Type: duration

X

- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details

Name: dei_TradingSymbol

Namespace Prefix: dei_

Data Type: dei:tradingSymbolItemType

Balance Type: na

Period Type: duration

XML 53 R5.htm IDEA: XBRL DOCUMENT v3.20.1

Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2020

Dec. 31, 2019

Statement Of Financial Position [Abstract]

Accounts receivable, allowance for doubtful accounts $ 295 $ 295

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares authorized 1,980,000 1,980,000

Preferred stock, shares issued 0 0

Preferred stock, shares outstanding 0 0

Common stock, par value $ 0.001 $ 0.001

Common stock, shares authorized 20,000,000 20,000,000

Common stock, shares issued 9,097,395 9,093,715

Treasury stock at cost, common shares held 294,279 294,279

X

- Definition
Amount of allowance for credit loss on accounts receivable, classified as current.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5074-111524

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446
+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29,30)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655
+ Details

Name: us-gaap_TreasuryStockShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

XML 54 R9.htm IDEA: XBRL DOCUMENT v3.20.1

Nature of Business and Basis of Presentation
3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Nature of Business and Basis of Presentation
Note 1: Nature of Business and Basis of Presentation

Universal Stainless & Alloy Products, Inc., and its wholly-owned subsidiaries (collectively, “Universal,” “we,” “us,” “our,” or the “Company”), manufacture and market semi-finished and finished specialty steel products, including stainless steel, nickel alloys, tool steel and certain other alloyed steels. Our manufacturing process involves melting, remelting, heat treating, hot and cold rolling, forging, machining and cold drawing of semi-finished and finished specialty steels. Our products are sold to service centers, forgers, rerollers, original equipment manufacturers and wire redrawers. Our customers further process our products for use in a variety of industries, including the aerospace, power generation, oil and gas, heavy equipment, and general industrial manufacturing industries. We also perform conversion services on materials supplied by customers.

The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated.

When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.

Recently Adopted Accounting Pronouncements

In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements.

In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements.

Recently Issued Accounting Pronouncements

The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-URI http://asc.fasb.org/topic&trid=2122149

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 56 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 57 R42.htm IDEA: XBRL DOCUMENT v3.20.1

Derivatives and Hedging (Narrative) (Details) - USD ($)

Mar. 31, 2020

Dec. 31, 2019

Derivative Instruments And Hedging Activities Disclosures [Line Items]

Accumulated unrealized gain on foreign currency contracts , net of tax $ 100,000

Maximum [Member]

Derivative Instruments And Hedging Activities Disclosures [Line Items]

Accumulated unrealized gain on foreign currency contracts , net of tax $ 100,000

Foreign Exchange Forward Contracts [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedges [Member]

Derivative Instruments And Hedging Activities Disclosures [Line Items]

Notional value of derivative contracts $ 3,400,000 $ 4,900,000

X

- Definition
Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e637-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669646-108580

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=118930883&loc=d3e681-108580
+ Details

Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Nominal or face amount used to calculate payment on derivative.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959
+ Details

Name: us-gaap_DerivativeNotionalAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: instant

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 58 R23.htm IDEA: XBRL DOCUMENT v3.20.1

Net (loss) Income Per Common Share (Tables)
3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Common Share
The following table sets forth the computation of basic and diluted net income per common share:

Three months ended

March 31,

(dollars in thousands, except per share amounts)

2020

2019

Numerator:

Net (loss) income

$

(1,411

)

$

1,222

Denominator:

Weighted average number of shares of common stock outstanding

8,801,337

8,761,538

Weighted average effect of dilutive share-based compensation

-

98,987

Diluted weighted average number of shares of common stock outstanding

8,801,337

8,860,525

Net (loss) income per common share:

Net (loss) income per common share - Basic

$

(0.16

)

$

0.14

Net (loss) income per common share - Diluted

$

(0.16

)

$

0.14

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 59 R27.htm IDEA: XBRL DOCUMENT v3.20.1

Long-Term Debt (Tables)
3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt
Long-term debt consisted of the following:

March 31,

December 31,

(in thousands)

2020

2019

Revolving credit facility

$

53,840

$

39,480

Notes

15,000

17,000

Term loan

7,857

8,215

Finance leases

901

1,026

Total debt

77,598

65,721

Less: current portion of long-term debt

(17,203)

(3,934)

Less: deferred financing costs

(1,320)

(1,376)

Long-term debt, net

$

59,075

$

60,411

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfDebtTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

ZIP 60 0001564590-20-017969-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001564590-20-017969-xbrl.zip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end

Consolidated Statements of Cash Flow (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Mar. 31, 2019
Statement Of Cash Flows [Abstract]
Cash	$ 233	$ 237
Restricted cash included in other long-term assets		$ 412
Restricted Cash and Cash Equivalents, Noncurrent, Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Total cash and restricted cash	$ 233	$ 649

Fair Value Measurement (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Inputs, Level 2 [Member]
Notes payable, fair value disclosure	$ 15.0	$ 16.9

Net (loss) Income Per Common Share (Narrative) (Details) - Stock Compensation Plan [Member] - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	741,550	641,500
Weighted average price of anti-dilutive options outstanding	$ 24.27	$ 26.35
Exercise of stock options (shares)	19,650

Nature of Business and Basis of Presentation (Policies)	3 Months Ended
Nature of Business and Basis of Presentation (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated statements include the accounts of Universal Stainless & Alloy Products, Inc. and its subsidiaries and are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial reports and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared under U.S. GAAP have been condensed or omitted pursuant to such regulations. Although the December 31, 2019 consolidated balance sheet data was derived from the audited financial statements, it does not include all disclosures required by U.S. GAAP. However, we believe that the disclosures are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our most recently audited financial statements and the notes thereto included in our Annual Report on Form 10-K as filed with the Securities and Exchange Commission. In the opinion of management, the accompanying financial statements include all adjustments necessary to present a fair presentation of the consolidated financial statements for the periods shown. Interim results are not necessarily indicative of the operating results for the full fiscal year or any future period. The preparation of these financial statements in conformity with U.S. GAAP requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities. Actual results may differ from our estimates. The consolidated financial statements include our accounts and the accounts of our wholly–owned subsidiaries. We also consolidate, regardless of our ownership percentage, variable interest entities (each a “VIE”) for which we are deemed to have a controlling financial interest. All intercompany transactions and balances have been eliminated. When we obtain an economic interest in an entity, we evaluate the entity to determine if the entity is a VIE, and if we are deemed to be a primary beneficiary. As a part of our evaluation, we are required to qualitatively assess if we are the primary beneficiary of the VIE based on whether we hold the power to direct those matters that most significantly impacted the activities of the VIE and the obligation to absorb losses or the right to receive the benefits of the VIE that could potentially be significant. Refer to Note 7, New Markets Tax Credit Financing Transaction, for a description of the VIEs included in our consolidated financial statements.
New Accounting Pronouncement	Recently Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-13, “Disclosure Framework–Changes to the Disclosure Requirements for Fair Value Measurement,” which modifies the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, including the removal of certain disclosure requirements. The amendments in the ASU are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted upon issuance of the ASU. An entity is permitted to early adopt any removed or modified disclosures upon issuance of the ASU and delay adoption of the additional disclosures until the effective date. We adopted this guidance as of January 1, 2020 and the adoption did not have a material impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes - Simplifying the Accounting for Income Taxes (Topic 740),” which simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments in this ASU also improve consistency and simplify other areas of Topic 740 by clarifying and amending existing guidance. The amendments in this ASU will be applied using different approaches depending on what the specific amendment relates to and, for public entities, are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. An entity is permitted to early adopt the guidance, and we early adopted ASU 2019-12 as of January 1, 2020. The adoption did not have a material impact on our consolidated financial statements. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all ASUs. Recently issued ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial statements.

Income Taxes (Narrative) (Details)	3 Months Ended
Income Taxes (Narrative) (Details)	Mar. 31, 2020	Mar. 31, 2019
Income Taxes [Line Items]
Estimated annual effective tax rate	28.30%	16.80%
Effective income tax rate continuing operations	27.00%	16.90%
Research and Development [Member]
Income Taxes [Line Items]
Effective income tax rate, federal statutory rate	21.00%
Effective income tax rate continuing operations	28.30%

Net (loss) Income Per Common Share (Computation of Basic and Diluted Net Income Per Common Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net (loss) income	$ (1,411)	$ 1,222
Denominator:
Weighted average number of shares of common stock outstanding	8,801,337	8,761,538
Weighted average effect of dilutive share-based compensation		98,987
Diluted weighted average number of shares of common stock outstanding	8,801,337	8,860,525
Net (loss) income per common share:
Net (loss) income per common share - Basic	$ (0.16)	$ 0.14
Net (loss) income per common share - Diluted	$ (0.16)	$ 0.14

New Markets Tax Credit Financing Transaction (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended
	Mar. 09, 2018	Mar. 31, 2020	Dec. 31, 2019
New Markets Tax Credit Financing Transaction [Line Items]
New market tax credits recapture percentage	100.00%
New market tax credits period of recapture	7 years
Other long-term liabilities		$ 3,681	$ 3,765
Gain (Loss) on Sale of Derivatives		2,800
Direct costs incurred in structuring financing transaction		1,320	1,376
New Markets Tax Credit (NMTC) Program [Member]
New Markets Tax Credit Financing Transaction [Line Items]
Aggregate principal amount of leverage loan loaned to investment fund	$ 6,700
Leverage loan, due date	2048-03
Other long-term liabilities		$ 2,800	$ 2,800
Direct costs incurred in structuring financing transaction	$ 700
New Markets Tax Credit (NMTC) Program [Member] \| PNC New Markets Investment Partners, LLC [Member]
New Markets Tax Credit Financing Transaction [Line Items]
Capital contributions to investment fund	$ 3,500

Leases (Future Minimum Lease Payments Applicable to Operating and Finance Leases) (Details) $ in Thousands	Mar. 31, 2020 USD ($)
Operating Leases
2020	$ 159
2021	192
2022	181
2023	87
2024	11
Total minimum lease payments	630
Less amounts representing interest	(36)
Present value of minimum lease payments	594
Less current obligations	(204)
Total long-term lease obligations, net	$ 390
Weighted-average remaining lease term	3 years 2 months 12 days
Finance Leases
2020	$ 434
2021	471
2022	56
2023	15
Total minimum lease payments	976
Less amounts representing interest	(75)
Present value of minimum lease payments	901
Less current obligations	(774)
Total long-term lease obligations, net	$ 127
Weighted-average remaining lease term	1 year 1 month 6 days

Revenue Recognition (Summary of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Net sales	$ 58,494	$ 60,271
Specialty Alloys [Member]
Disaggregation Of Revenue [Line Items]
Net sales	49,920	49,764
Premium Alloys [Member]
Disaggregation Of Revenue [Line Items]
Net sales	7,664	9,370
Conversion Services and Other Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 910	$ 1,137

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 58,494	$ 60,271
Cost of products sold	53,585	52,901
Gross margin	4,909	7,370
Selling, general and administrative expenses	5,908	4,966
Operating (loss) income	(999)	2,404
Interest expense and other financing costs	952	913
Other (income) expense, net	(17)	21
(Loss) income before income taxes	(1,934)	1,470
(Benefit) provision for income taxes	(523)	248
Net (loss) income	$ (1,411)	$ 1,222
Net (loss) income per common share - Basic	$ (0.16)	$ 0.14
Net (loss) income per common share - Diluted	$ (0.16)	$ 0.14
Weighted average shares of common stock outstanding
Basic	8,801,337	8,761,538
Diluted	8,801,337	8,860,525

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities:
Net (loss) income	$ (1,411)	$ 1,222
Adjustments for non-cash items:
Depreciation and amortization	5,025	4,646
Deferred income tax	(525)	235
Share-based compensation expense	511	432
Changes in assets and liabilities:
Accounts receivable, net	(1,019)	(2,003)
Inventory, net	12	(12,962)
Accounts payable	(9,161)	(1,314)
Accrued employment costs	(687)	(4,390)
Income taxes	7	12
Other, net	(524)	(3,719)
Net cash used in operating activities	(7,772)	(17,841)
Investing Activity:
Capital expenditures	(4,042)	(5,557)
Net cash used in investing activity	(4,042)	(5,557)
Financing Activities:
Borrowings under revolving credit facility	49,232	50,450
Payments on revolving credit facility	(34,872)	(29,339)
Payments on term loan facility, finance leases, and notes	(2,483)	(2,472)
Bank overdrafts		1,276
Proceeds from the exercise of stock options		41
Net cash provided by financing activities	11,877	19,956
Net increase (decrease) in cash and restricted cash	63	(3,442)
Cash and restricted cash at beginning of period	170	4,091
Cash and restricted cash at end of period	$ 233	$ 649

Subsequent Events - (Narrative) (Details) - Subsequent Event [Member] - PPP Term Note [Member] - CARES Act [Member] $ in Millions	Apr. 15, 2020 USD ($)
Subsequent Event [Line Items]
Debt instrument, aggregate principal amount	$ 10.0
Debt instrument interest rate	1.00%
Debt instrument, payment terms	The PPP Term Note bears interest at a fixed annual rate of 1.00%, with the first six months of interest deferred. Beginning in November 2020, the Company will make 18 equal monthly payments of principal and interest with the final payment due in April 2022

Long-Term Debt (Credit Facility) (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Aug. 03, 2018
Line of Credit Facility [Line Items]
Maximum secured borrowing capacity	$ 110,000,000
Percentage of maximum secured borrowing capacity	12.50%
Payments of notes payable	$ 0
Net deferred financing fees	1,320,000	$ 1,376,000
Amortization of deferred financing costs	$ 100,000
PNC Bank [Member]
Line of Credit Facility [Line Items]
Minimum fixed charge coverage ratio			110.00%
Amended and Restated Prior Credit Agreement [Member] \| PNC Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument, expiration date	Aug. 03, 2023
Revolving Credit Facility [Member] \| PNC Bank [Member]
Line of Credit Facility [Line Items]
Commitment fee on the daily unused portion of the Revolver	0.25%
Net deferred financing fees	$ 700,000
Revolving Credit Facility [Member] \| PNC Bank [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument, effective interest rate	2.76%
Revolving Credit Facility [Member] \| Amended and Restated Prior Credit Agreement [Member] \| PNC Bank [Member]
Line of Credit Facility [Line Items]
Maximum secured borrowing capacity			$ 110,000,000
Term Loan [Member] \| PNC Bank [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Frequency of Periodic Payment	quarterly
Quarterly term loan payments	$ 400,000
Term Loan [Member] \| PNC Bank [Member] \| LIBOR [Member]
Line of Credit Facility [Line Items]
Debt instrument, effective interest rate	3.84%
Term Loan [Member] \| Amended and Restated Prior Credit Agreement [Member] \| PNC Bank [Member]
Line of Credit Facility [Line Items]
Maximum secured borrowing capacity			$ 10,000,000

Inventory (Major Classes of Inventory) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials and starting stock	$ 11,108	$ 9,815
Semi-finished and finished steel products	125,880	127,713
Operating materials	13,126	13,090
Gross inventory	150,114	150,618
Inventory reserves	(3,335)	(3,216)
Total inventory, net	$ 146,779	$ 147,402

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Beginning Balance at Dec. 31, 2018		$ 9	$ 93,100	$ 146,191	$ 1	$ (2,290)
Beginning Balance (shares) at Dec. 31, 2018		8,752,490				292,855
Share-based compensation			432
Share-based compensation (shares)		6,401
Net gain (loss) on derivative instruments					(67)
Adoption of ASU 2018-02	$ (21)			21	(21)
Net (loss) income	1,222			1,222
Ending Balance at Mar. 31, 2019		$ 9	93,701	147,434	(87)	$ (2,290)
Ending Balance (shares) at Mar. 31, 2019		8,772,211				292,855
Common stock issuance under Employee Stock Purchase Plan			128
Common stock issuance under Employee Stock Purchase Plan (shares)		9,270
Exercise of stock options			41
Exercise of stock options (shares)		4,050
Beginning Balance at Dec. 31, 2019	243,136	$ 9	94,982	150,487	(31)	$ (2,311)
Beginning Balance (shares) at Dec. 31, 2019		8,799,436				294,279
Share-based compensation			511
Share-based compensation (shares)		3,680
Net gain (loss) on derivative instruments					120
Net (loss) income	(1,411)			(1,411)
Ending Balance at Mar. 31, 2020	$ 242,356	$ 9	$ 95,493	$ 149,076	$ 89	$ (2,311)
Ending Balance (shares) at Mar. 31, 2020		8,803,116				294,279

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash	$ 233	$ 170
Accounts receivable (less allowance for doubtful accounts of $295)	36,614	35,595
Inventory, net	146,779	147,402
Other current assets	8,877	8,300
Total current assets	192,503	191,467
Property, plant and equipment, net	173,994	176,061
Other long-term assets	758	871
Total assets	367,255	368,399
Current liabilities:
Accounts payable	29,907	40,912
Accrued employment costs	3,762	4,449
Current portion of long-term debt	17,203	3,934
Other current liabilities	799	830
Total current liabilities	51,671	50,125
Long-term debt, net	59,075	60,411
Deferred income taxes	10,472	10,962
Other long-term liabilities, net	3,681	3,765
Total liabilities	124,899	125,263
Stockholders’ equity:
Senior preferred stock, par value $0.001 per share; 1,980,000 shares authorized; 0 shares issued and outstanding
Common stock, par value $0.001 per share; 20,000,000 shares authorized; 9,097,395 and 9,093,715 shares issued, respectively	9	9
Additional paid-in capital	95,493	94,982
Accumulated other comprehensive income (loss)	89	(31)
Retained earnings	149,076	150,487
Treasury stock, at cost; 294,279 common shares held	(2,311)	(2,311)
Total stockholders’ equity	242,356	243,136
Total liabilities and stockholders’ equity	$ 367,255	$ 368,399

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total debt	$ 77,598	$ 65,721
Less: current portion of long-term debt	(17,203)	(3,934)
Less: deferred financing costs	(1,320)	(1,376)
Long-term debt, net	59,075	60,411
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	53,840	39,480
Notes [Member]
Debt Instrument [Line Items]
Total debt	15,000	17,000
Term Loan [Member]
Debt Instrument [Line Items]
Total debt	7,857	8,215
Finance Leases [Member]
Debt Instrument [Line Items]
Total debt	$ 901	$ 1,026

Inventory (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Inventory (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Inventory Disclosure [Abstract]
Cost of goods sold, amortization of operating materials	$ 0.6	$ 0.6

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Apr. 17, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	USAP
Entity Registrant Name	UNIVERSAL STAINLESS & ALLOY PRODUCTS INC
Entity Central Index Key	0000931584
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		8,803,116
Entity Shell Company	false
Entity File Number	000-25032
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	25-1724540
Entity Address, Address Line One	600 Mayer Street
Entity Address, City or Town	Bridgeville
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15017
City Area Code	412
Local Phone Number	257-7600
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 295	$ 295
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,980,000	1,980,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	9,097,395	9,093,715
Treasury stock at cost, common shares held	294,279	294,279

Derivatives and Hedging (Narrative) (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Accumulated unrealized gain on foreign currency contracts , net of tax	$ 100,000
Maximum [Member]
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Accumulated unrealized gain on foreign currency contracts , net of tax		$ 100,000
Foreign Exchange Forward Contracts [Member] \| Designated as Hedging Instrument [Member] \| Cash Flow Hedges [Member]
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Notional value of derivative contracts	$ 3,400,000	$ 4,900,000