Handy & Harman 10-Q 28 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 27, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	HANDY & HARMAN LTD.
Trading Symbol	hnh
Entity Central Index Key	106,618
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		12,263,792

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 21,311	$ 23,728
Trade and other receivables - net of allowance for doubtful accounts of $1,535 and $1,451, respectively	92,015	74,375
Inventories, net	88,094	82,804
Prepaid and other current assets	5,851	9,295
Total current assets	207,271	190,202
Property, plant and equipment at cost, less accumulated depreciation	114,066	112,686
Goodwill	121,834	121,829
Other intangibles, net	42,050	43,117
Investment in associated company	13,583	20,923
Deferred income tax assets	120,007	120,149
Other non-current assets	15,453	15,767
Total assets	634,264	624,673
Current Liabilities:
Trade payables	46,688	34,466
Accrued liabilities	20,034	31,497
Accrued environmental liabilities	2,221	2,531
Short-term debt	774	742
Current portion of long-term debt	1,745	1,720
Total current liabilities	71,462	70,956
Long-term debt	105,932	97,106
Accrued pension liability	264,788	265,566
Other post-retirement benefit obligations	2,644	2,624
Deferred income tax liabilities	418	402
Other liabilities	3,618	3,479
Total liabilities	$ 448,862	$ 440,133
Commitments and Contingencies
Stockholders' Equity:
Common stock - $.01 par value; authorized 180,000 shares; issued 13,635 and 13,579 shares, respectively	$ 136	$ 136
Accumulated other comprehensive loss	(259,263)	(259,392)
Additional paid-in capital	586,970	586,693
Treasury stock, at cost - 1,371 shares	(34,454)	(34,454)
Accumulated deficit	(107,987)	(108,443)
Total stockholders' equity	185,402	184,540
Total liabilities and stockholders' equity	$ 634,264	$ 624,673

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 1,535	$ 1,451
Common stock - par value (in dollars per share)	$ 0.01	$ 0.01
Common stock - shares authorized (in shares)	180,000	180,000
Common stock - issued (in shares)	13,635	13,579
Treasury stock - number of shares (in shares)	1,371	1,371

Consolidated Income Statements

Consolidated Income Statements - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 160,797	$ 137,982
Cost of goods sold	117,080	99,603
Gross profit	43,717	38,379
Selling, general and administrative expenses	31,284	30,861
Pension expense	2,151	2,072
Operating income	10,282	5,446
Other:
Interest expense	1,070	1,167
Realized and unrealized loss on derivatives	123	207
Other expense	145	93
Income from continuing operations before tax and equity investment	8,944	3,979
Tax provision	3,860	1,643
Loss (gain) from associated company, net of tax	4,628	(922)
Income from continuing operations, net of tax	456	3,258
Discontinued operations:
Income from discontinued operations, net of tax	0	565
Gain on disposal of assets, net of tax	0	89,521
Net income from discontinued operations	0	90,086
Net income	$ 456	$ 93,344
Basic and diluted income per share of common stock
Income from continuing operations, net of tax, per share (in dollars per share)	$ 0.04	$ 0.30
Discontinued operations, net of tax, per share (in dollars shares)	0	8.36
Net income per common share (in dollars per share)	$ 0.04	$ 8.66
Weighted-average number of common shares outstanding (in shares)	12,223	10,780

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 456	$ 93,344
Other comprehensive (loss) income, net of tax:
Changes in pension liability and other post-retirement benefit obligations	(94)	2,022
Tax effect of changes in pension liability and other post-retirement benefit obligations	0	(395)
Foreign currency translation adjustments	199	(1,397)
Tax effect of changes in foreign currency translation adjustments	24	0
Other comprehensive income	129	230
Comprehensive income	$ 585	$ 93,574

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Accumulated Other Comprehensive Loss	Additional Paid-In Capital	Treasury Stock, at Cost	Accumulated Deficit
Balance, shares at Dec. 31, 2015		13,579
Balance at Dec. 31, 2015	$ 184,540	$ 136	$ (259,392)	$ 586,693	$ (34,454)	$ (108,443)
Stockholders' Equity Line Items
Amortization, issuance and forfeitures of restricted stock grants (in shares)		56
Amortization, issuance and forfeitures of restricted stock grants	277			277
Changes in pension liability and post-retirement benefit obligations, net of tax	(94)		(94)
Foreign currency translation adjustments	223		223
Net income	456					456
Balance, shares at Mar. 31, 2016		13,635
Balance at Mar. 31, 2016	$ 185,402	$ 136	$ (259,263)	$ 586,970	$ (34,454)	$ (107,987)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 456	$ 93,344
Net income from discontinued operations	0	(90,086)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,686	3,250
Non-cash stock-based compensation	672	1,345
Non-cash loss (gain) from investment in associated company, net of tax	4,628	(922)
Amortization of debt issuance costs	274	284
Deferred income taxes	2,870	1,166
Gain from asset dispositions	(164)	(55)
Non-cash (gain) loss from derivatives	(13)	198
Reclassification of net cash settlements on precious metal contracts to investing activities	136	8
Change in operating assets and liabilities, net of acquisitions:
Trade and other receivables	(17,400)	(21,908)
Inventories	(5,206)	(8,367)
Prepaid and other current assets	(317)	1,073
Other current liabilities	6,352	(1,914)
Other items, net	(213)	(295)
Net cash used in continuing operations	(2,239)	(22,879)
Net cash used in discontinued operations	0	(2,264)
Net cash used in operating activities	(2,239)	(25,143)
Cash flows from investing activities:
Additions to property, plant and equipment	(5,841)	(3,775)
Net cash settlements on precious metal contracts	(136)	(8)
Acquisitions, net of cash acquired	0	(27,000)
Proceeds from sale of assets	423	79
Investments in associated company	0	(7,368)
Proceeds from sale of discontinued operations	0	152,889
Net cash used in investing activities of discontinued operations	0	(75)
Net cash (used in) provided by investing activities	(5,554)	114,742
Cash flows from financing activities:
Net revolver borrowings (repayments)	8,932	(103,670)
Net borrowings on loans - foreign	7	266
Repayments of term loans - domestic	(114)	(88)
Deferred finance charges	(82)	(282)
Net change in overdrafts	(3,369)	1,555
Other financing activities	(3)	(7)
Net cash provided by (used in) financing activities	5,371	(102,226)
Net change for the period	(2,422)	(12,627)
Effect of exchange rate changes on cash and cash equivalents	5	(161)
Cash and cash equivalents at beginning of period	23,728	31,649
Cash and cash equivalents at end of period	21,311	18,861
Interest	880	1,011
Taxes	$ 1,248	$ 1,006

The Company and Nature of Opera

The Company and Nature of Operations	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Nature Of Operations	The Company and Nature of Operations Handy & Harman Ltd. ("HNH") is a diversified manufacturer of engineered niche industrial products. HNH's diverse product offerings are marketed throughout the United States and internationally. HNH owns Handy & Harman Group Ltd. ("H&H Group"), which owns Handy & Harman ("H&H") and Bairnco, LLC ("Bairnco"), formerly Bairnco Corporation. HNH manages its group of businesses on a decentralized basis with operations principally in North America. HNH's business units encompass the following segments: Joining Materials, Tubing, Building Materials, Performance Materials, and Kasco Blades and Route Repair Services ("Kasco"). All references herein to "we," "our" or the "Company" refer to HNH together with all of its subsidiaries.

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2016
Basis of Presentation [Abstract]
Basis Of Presentation	Basis of Presentation The consolidated balance sheet as of December 31, 2015 , which has been derived from audited financial statements, and the unaudited consolidated financial statements included herein have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been condensed or omitted in accordance with those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. This quarterly report on Form 10-Q should be read in conjunction with the Company's audited consolidated financial statements on Form 10-K for the year ended December 31, 2015 . In the opinion of management, the interim financial statements reflect all normal and recurring adjustments necessary to present fairly the consolidated financial position and the results of operations and changes in cash flows for the interim periods. The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. Estimates are based on historical experience, expected future cash flows and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the operating results for the full year. New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) . The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and the guidance defines a five step process to achieve this core principle. In August 2015, the FASB issued ASU No. 2015-14, which deferred the effective date of ASU No. 2014-09 by one year. The ASU, as amended, is effective for the Company's 2018 fiscal year and may be applied either (i) retrospectively to each prior reporting period presented with an election for certain specified practical expedients, or (ii) retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application, with additional disclosure requirements. The Company is evaluating the potential impact of this new guidance, but does not currently anticipate that the application of ASU No. 2014-09 will have a significant effect on its financial condition, results of operations or its cash flows. We have not yet determined the method by which we will adopt the standard. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory , which requires an entity to measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The amendments do not apply to inventory that is measured using the last-in, first-out ("LIFO") cost method. The Company is currently evaluating the potential impact of this new guidance, which is effective for the Company's 2017 fiscal year. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments , which eliminates the requirement to restate prior-period financial statements for measurement-period adjustments following a business combination. The new guidance requires that the cumulative impact of a measurement-period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. The prior-period impact of the adjustment should either be presented separately on the face of the income statement or disclosed in the notes. This new guidance is effective for the Company's 2016 fiscal year. The amendments in this ASU will be applied prospectively to adjustments to provisional amounts that occur in 2016 and thereafter. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new standard establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability, measured on a discounted basis, on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. A modified retrospective transition approach is required for capital and operating leases existing at the date of adoption, with certain practical expedients available. The Company is currently evaluating the potential impact of this new guidance, which is effective for the Company's 2019 fiscal year. In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This new standard simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows, among other things. The new standard is effective for the Company's 2017 fiscal year. The Company is currently evaluating the potential impact of this new guidance.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Acquisitions	Acquisitions ITW On March 31, 2015, the Company, through its indirect subsidiary, OMG, Inc. ("OMG"), acquired certain assets and assumed certain liabilities of ITW Polymers Sealants North America Inc. ("ITW"), which are used in the business of manufacturing two-component polyurethane adhesive for the roofing industry, for a cash purchase price of $27.4 million , reflecting a final working capital adjustment of $0.4 million paid in June 2015. The assets acquired and liabilities assumed primarily included net working capital of inventories and accrued liabilities; property, plant and equipment; and intangible assets, primarily unpatented technology, valued at $1.7 million , $0.1 million and $4.4 million , respectively. ITW was the exclusive supplier of certain adhesive products to OMG, and this acquisition will provide OMG with greater control of its supply chain and allow OMG to expand its product development initiatives. The results of operations of the acquired business are reported within the Company's Building Materials segment. In connection with the ITW acquisition, the Company has recorded goodwill totaling approximately $21.3 million , which is expected to be deductible for income tax purposes. JPS Effective July 2, 2015, H&H Group completed the acquisition of JPS Industries, Inc. ("JPS") pursuant to an agreement and plan of merger, dated as of May 31, 2015, by and among the Company, H&H Group, HNH Group Acquisition LLC, a Delaware limited liability company and a subsidiary of H&H Group ("H&H Acquisition Sub"), HNH Group Acquisition Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of H&H Acquisition Sub ("Sub"), and JPS. JPS is a manufacturer of mechanically formed glass and aramid substrate materials for specialty applications in a wide expanse of markets requiring highly engineered components. At the effective time of the Merger (as defined below), Sub was merged with and into JPS ("Merger"), with JPS being the surviving corporation in the Merger, and each outstanding share of JPS common stock (other than shares held by the Company and its affiliates, including SPH Group Holdings LLC ("SPH Group Holdings"), a subsidiary of Steel Partners Holdings L.P. ("SPLP"), the parent company of the Company, and a significant stockholder of JPS), was converted into the right to receive $11.00 in cash. The aggregate merger consideration of $70.3 million was funded primarily by H&H Group and also by SPH Group Holdings. H&H Group's funding of the aggregate merger consideration totaled approximately $65.7 million , which was financed through additional borrowings under the Company's senior secured revolving credit facility. As a result of the closing of the Merger, JPS was indirectly owned by both H&H Group and SPH Group Holdings. Following the expiration of the 20-day period provided in Section 262(d)(2) of the Delaware General Corporation Law for JPS stockholders to exercise appraisal rights in connection with the Merger, and in accordance with an exchange agreement, dated as of May 31, 2015, by and between H&H Group and SPH Group Holdings, on July 31, 2015, the Company issued ("Issuance") to H&H Group 1,429,407 shares of the Company's common stock with a value of $48.7 million and, following the Issuance, H&H Group exchanged ("Exchange") those shares of Company common stock for all shares of JPS common stock held by SPH Group Holdings. As a result of the Exchange, H&H Group owned 100% of JPS and merged JPS with and into its wholly-owned subsidiary, HNH Acquisition LLC, a Delaware limited liability company, which was the surviving entity in the merger and was renamed JPS Industries Holdings LLC. The following table summarizes the amounts of the assets acquired and liabilities assumed at the acquisition date on a preliminary basis (in thousands): Cash and cash equivalents $ 22 Trade and other receivables 21,201 Inventories 27,126 Prepaid and other current assets 4,961 Property, plant and equipment 45,384 Goodwill 32,336 Other intangibles 9,120 Deferred income tax assets 19,286 Other non-current assets 3,280 Total assets acquired 162,716 Trade payables (10,674 ) Accrued liabilities (5,533 ) Long-term debt (1,500 ) Accrued pension liability (30,367 ) Other liabilities (149 ) Net assets acquired $ 114,493 The preliminary purchase price allocation is subject to finalization of valuations of certain acquired assets and liabilities. The goodwill of $32.3 million arising from the acquisition consists largely of the synergies expected from combining the operations of HNH and JPS. All of the goodwill is assigned to the Company's Performance Materials segment and is not expected to be deductible for income tax purposes. Other intangibles consist primarily of acquired trade names of $4.3 million , customer relationships of $3.1 million and unpatented technology of $1.7 million . These intangible assets have been assigned useful lives ranging from 10 to 15 years based on the long operating history, broad market recognition and continued demand for the associated brands, and the limited turnover and long-standing relationships JPS has with its existing customer base. The valuations of acquired trade names and unpatented technology were performed utilizing a relief from royalty method, and significant assumptions used in the valuation included the royalty rate assumed and the expected level of future sales, as well as the rate of technical obsolescence for the unpatented technology. The acquired customer relationships were valued using an excess earnings approach, and significant assumptions used in the valuation included the customer attrition rate assumed and the expected level of future sales. The amount of net sales and operating income of the acquired business included in the consolidated income statement for the three months ended March 31, 2016 were approximately $24.8 million and $0.4 million , respectively. The results of operations of the acquired business are reported within the Company's Performance Materials segment. Unaudited pro forma net sales and income from continuing operations, net of tax, of the combined entity had the acquisition date been January 1, 2014 are as follows: Three Months Ended March 31, (in thousands, except per share) 2015 Net sales $ 181,823 Income from continuing operations, net of tax $ 4,086 Income from continuing operations, net of tax, per share $ 0.33 Weighted-average number of common shares outstanding 12,209 This unaudited pro forma data is presented for informational purposes only and does not purport to be indicative of the results of future operations or of the results that would have occurred had the acquisition taken place on January 1, 2014. The information for the three months ended March 31, 2015 is based on historical financial information with respect to the acquisition and does not include operational or other changes which might have been effected by the Company. The 2015 supplemental unaudited pro forma earnings were adjusted to reflect incremental depreciation and amortization expense based on the fair value adjustments for the acquired property, plant and equipment and intangible assets and exclude a total of $1.2 million of acquisition-related costs incurred by both the Company and JPS during the three months ended March 31, 2015.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On December 18, 2014, H&H Group and Bairnco entered into a stock purchase agreement to sell all of the issued and outstanding equity interests of Arlon, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Bairnco, and its subsidiaries (other than Arlon India (Pvt) Limited) for $157.0 million in cash, less transaction fees, subject to a final working capital adjustment and certain potential reductions as provided in the stock purchase agreement. The closing of the sale occurred in January 2015. The operations of Arlon, LLC comprised substantially all of the Company's former Arlon Electronic Materials segment, which manufactured high performance materials for the printed circuit board industry and silicone rubber-based materials. The net income from discontinued operations includes the following: Three Months Ended March 31, (in thousands) 2015 Net sales $ 5,952 Operating income 920 Interest expense and other income (10 ) Tax provision 365 Income from discontinued operations, net of tax 565 Gain on disposal of assets 93,455 Tax provision 3,934 Gain on disposal of assets, net of tax 89,521 Net income from discontinued operations $ 90,086 Based on a tax reorganization completed in anticipation of the sale of Arlon, LLC, as well as the release of Arlon, LLC's net deferred tax liabilities totaling $7.6 million , the effective tax rate on the gain on disposal of Arlon, LLC in 2015 was 4.2% .

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net at March 31, 2016 and December 31, 2015 were comprised of: March 31, December 31, (in thousands) 2016 2015 Finished products $ 31,680 $ 31,355 In-process 20,885 19,873 Raw materials 19,128 18,451 Fine and fabricated precious metals in various stages of completion 16,986 13,155 88,679 82,834 LIFO reserve (585 ) (30 ) Total $ 88,094 $ 82,804 In order to produce certain of its products, H&H purchases, maintains and utilizes precious metal inventory. H&H records certain of its precious metal inventory at the lower of LIFO cost or market, with any adjustments recorded through cost of goods sold. Remaining precious metal inventory is accounted for primarily at fair value. Certain customers and suppliers of H&H choose to do business on a "pool" basis and furnish precious metal to H&H for return in fabricated form or for purchase from or return to the supplier. When the customer metal is returned in fabricated form, the customer is charged a fabrication charge. The value of this customer metal is not included on the Company's consolidated balance sheet. To the extent H&H is able to utilize customer precious metal in its production processes, such customer metal replaces the need for H&H to purchase its own inventory. As of March 31, 2016 , customer metal in H&H's custody consisted of 147,368 ounces of silver, 520 ounces of gold and 1,391 ounces of palladium. Supplemental inventory information: March 31, December 31, (in thousands, except per ounce) 2016 2015 Precious metals stated at LIFO cost $ 5,722 $ 3,506 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 10,679 $ 9,619 Market value per ounce: Silver $ 15.28 $ 13.86 Gold $ 1,221.00 $ 1,062.25 Palladium $ 577.00 $ 547.00

Goodwill and Other Intangibles

Goodwill and Other Intangibles	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles The changes in the net carrying amount of goodwill by reportable segment for the three months ended March 31, 2016 were as follows (in thousands): Segment Balance at January 1, 2016 Foreign Currency Translation Adjustments Additions Adjustments Balance at Accumulated Joining Materials $ 16,210 $ 5 $ — $ — $ 16,215 $ — Tubing 1,895 — — — 1,895 — Building Materials 71,388 — — — 71,388 — Performance Materials 32,336 — — — 32,336 — Total $ 121,829 $ 5 $ — $ — $ 121,834 $ — Other intangible assets, net at March 31, 2016 and December 31, 2015 consisted of: (in thousands) March 31, 2016 December 31, 2015 Cost Accumulated Amortization Net Cost Accumulated Amortization Net Customer relationships $ 35,077 $ (11,291 ) $ 23,786 $ 35,077 $ (10,702 ) $ 24,375 Trademarks, trade names and brand names 12,739 (2,878 ) 9,861 12,739 (2,649 ) 10,090 Patents and patent applications 5,635 (2,668 ) 2,967 5,591 (2,591 ) 3,000 Non-compete agreements 774 (725 ) 49 774 (714 ) 60 Other 7,341 (1,954 ) 5,387 7,331 (1,739 ) 5,592 Total $ 61,566 $ (19,516 ) $ 42,050 $ 61,512 $ (18,395 ) $ 43,117 Other intangible assets at cost as of March 31, 2016 include $9.1 million in intangible assets, primarily trades names, customer relationships, and unpatented technology, associated with the JPS acquisition. These balances are subject to adjustment during the finalization of the purchase price allocation for the JPS acquisition. Amortization expense totaled $1.1 million and $0.8 million for the three months ended March 31, 2016 and 2015 , respectively. The increase in amortization expense during 2016 was principally due to the Company's ITW and JPS acquisitions.

Investments

Investments	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments	Investments The Company holds an investment in the common stock of a public company, ModusLink Global Solutions, Inc. ("ModusLink"), which is classified as an investment in associated company on the consolidated balance sheet. The Company carries its ModusLink investment on the consolidated balance sheet at fair value, calculated based on the closing market price for ModusLink common stock, with unrealized gains and losses on the investment reported in net income or loss. HNH owned 8,436,715 shares of the common stock of ModusLink at both March 31, 2016 and December 31, 2015 , and the value of this investment decreased from $20.9 million at December 31, 2015 to $13.6 million at March 31, 2016 due entirely to a decrease in the share price of ModusLink's common stock. As of March 31, 2016 , SPLP and its associated companies, which include the Company, owned a combined total of 16,476,730 ModusLink common shares, which represented 31.3% of ModusLink's outstanding shares. SPLP is a majority shareholder of HNH, owning directly or indirectly through its subsidiaries in excess of 50% of HNH's common shares. The power to vote and dispose of the securities held by SPLP is controlled by Steel Partners Holdings GP Inc. ("SPH GP"). SPLP also holds warrants to purchase 2,000,000 additional shares of ModusLink common stock at an exercise price of $5.00 per share. These warrants will expire in March 2018. ModusLink's fiscal year ends on July 31. Summarized unaudited information as to assets, liabilities and results of operations of ModusLink for the quarter ended January 31, 2016, its most recently completed fiscal quarter, and the comparable prior periods are as follows: January 31, July 31, (in thousands) 2016 2015 Current assets $ 434,409 $ 413,642 Non-current assets $ 30,949 $ 32,860 Current liabilities $ 257,612 $ 211,353 Non-current liabilities $ 92,887 $ 90,548 Stockholders' equity $ 114,859 $ 144,601 Three Months Ended January 31, (in thousands) 2016 2015 Net revenue $ 119,966 $ 148,310 Gross profit $ 3,655 $ 16,594 Loss from continuing operations $ (13,948 ) $ (1,556 ) Net loss $ (13,948 ) $ (1,566 )

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt Debt at March 31, 2016 and December 31, 2015 was as follows: March 31, December 31, (in thousands) 2016 2015 Short-term debt Foreign $ 774 $ 742 Long-term debt Revolving facilities 99,545 90,613 Other H&H debt - domestic 6,822 6,936 Foreign loan facilities 1,310 1,277 Sub total 107,677 98,826 Less portion due within one year 1,745 1,720 Total long-term debt 105,932 97,106 Total debt $ 108,451 $ 99,568 Senior Credit Facilities The Company's amended and restated senior credit agreement ("Senior Credit Facility") provided for an up to $365.0 million senior secured revolving credit facility, including a $20.0 million sublimit for the issuance of letters of credit and a $20.0 million sublimit for the issuance of swing loans. On March 23, 2016, the Company entered into an amendment to its Senior Credit Facility to increase the size of the credit facility by $35.0 million to an aggregate amount of $400.0 million . Borrowings under the Senior Credit Facility bear interest, at H&H Group's option, at either LIBOR or the Base Rate , as defined, plus an applicable margin as set forth in the loan agreement ( 1.75% and 0.75% , respectively, for LIBOR and Base Rate borrowings at March 31, 2016 ), and the revolving facility provides for a commitment fee to be paid on unused borrowings. The weighted-average interest rate on the revolving facility was 2.22% at March 31, 2016 . H&H Group's availability under the Senior Credit Facility was $174.7 million as of March 31, 2016 . The Senior Credit Facility will expire, with all amounts outstanding due and payable, on August 29, 2019. The Senior Credit Facility is guaranteed by substantially all existing and thereafter acquired or created domestic and Canadian wholly-owned subsidiaries of H&H Group, and obligations under the Senior Credit Facility are collateralized by first priority security interests in and liens upon all present and future assets of H&H Group and these subsidiaries. The Senior Credit Facility restricts H&H Group's ability to transfer cash or other assets to HNH, subject to certain exceptions, including required pension payments to the WHX Corporation Pension Plan ("WHX Pension Plan"). The Senior Credit Facility is subject to certain mandatory prepayment provisions and restrictive and financial covenants, which include a maximum ratio limit on Total Leverage and a minimum ratio limit on Fixed Charge Coverage, as defined, as well as a minimum liquidity level. The Company was in compliance with all debt covenants at March 31, 2016 . Interest Rate Swap Agreements H&H Group entered into an interest rate swap agreement in February 2013 to reduce its exposure to interest rate fluctuations. Under the interest rate swap, the Company received one-month LIBOR in exchange for a fixed interest rate of 0.569% over the life of the agreement on an initial $56.4 million notional amount of debt, with the notional amount decreasing by $1.1 million , $1.8 million and $2.2 million per quarter in 2013, 2014 and 2015, respectively. The agreement expired in February 2016 . H&H Group entered into a second interest rate swap agreement in June 2013, also to reduce its exposure to interest rate fluctuations. Under the interest rate swap, the Company received one-month LIBOR in exchange for a fixed interest rate of 0.598% over the life of the agreement on an initial $5.0 million notional amount of debt, with the notional amount decreasing by $0.1 million , $0.2 million and $0.2 million per quarter in 2013, 2014 and 2015, respectively. The agreement expired in February 2016 .

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Precious Metal and Commodity Inventories H&H's precious metal and commodity inventories are subject to market price fluctuations. H&H enters into commodity futures and forward contracts to mitigate the impact of price fluctuations on its precious and certain non-precious metal inventories that are not subject to fixed price contracts. The Company's hedging strategy is designed to protect it against normal volatility; therefore, abnormal price changes in these commodities or markets could negatively impact HNH's earnings. The Company does not enter into derivatives or other financial instruments for trading or speculative purposes. As of March 31, 2016 , the Company had the following outstanding forward contracts with settlement dates through April 2016. There were no futures contracts outstanding at March 31, 2016 . Notional Value Commodity Amount ($ in millions) Silver 762,562 ounces $ 11.7 Gold 1,000 ounces $ 1.2 Copper 200,000 pounds $ 0.4 Tin 55 metric tons $ 0.9 H&H accounts for these contracts as either fair value hedges or economic hedges under the guidance in Accounting Standards Codification 815, Derivatives and Hedging . Fair Value Hedges. Of the total forward contracts outstanding, 587,562 ounces of silver and substantially all of the copper contracts are designated and accounted for as fair value hedges. The fair values of these derivatives are recognized as derivative assets and liabilities on the consolidated balance sheet. The net change in fair value of the derivative assets and liabilities, and the change in the fair value of the underlying hedged inventory, are recognized in the consolidated income statement, and such amounts principally offset each other due to the effectiveness of the hedges. The fair value hedges are associated primarily with the Company's precious metal inventory carried at fair value. Economic Hedges. The remaining outstanding forward contracts for silver, and all of the contracts for gold and tin, are accounted for as economic hedges. As these derivatives are not designated as accounting hedges, they are accounted for as derivatives with no hedge designation. The derivatives are marked to market, and both realized and unrealized gains and losses are recorded in current period earnings in the consolidated income statement. The economic hedges are associated primarily with the Company's precious metal inventory valued using the LIFO method. The forward contracts were made with a counter party rated A+ by Standard & Poors. Accordingly, the Company has determined that there is minimal credit risk of default. The Company estimates the fair value of its derivative contracts through the use of market quotes or with the assistance of brokers when market information is not available. The Company maintains collateral on account with the third-party broker. Such collateral consists of both cash that varies in amount depending on the value of open contracts, as well as ounces of precious metal held on account by the broker. Debt Agreements H&H Group entered into two interest rate swap agreements to reduce its exposure to interest rate fluctuations. See Note 8 - "Debt" for further discussion of the terms of these arrangements. These derivatives were not designated as accounting hedges under U.S. GAAP; they were accounted for as derivatives with no hedge designation. The Company recorded the gains or losses both from the mark-to-market adjustments and net settlements in interest expense in the consolidated income statement as the hedges were intended to offset interest rate movements. The agreements expired in February 2016. Effect of Derivative Instruments in the Consolidated Income Statements - Income/(Expense) (in thousands) Three Months Ended March 31, Derivative Income Statement Line 2016 2015 Commodity contracts Cost of goods sold $ (978 ) $ (914 ) Total derivatives designated as hedging instruments (978 ) (914 ) Commodity contracts Cost of goods sold (24 ) 147 Commodity contracts Realized and unrealized loss on derivatives (123 ) (207 ) Interest rate swap agreements Interest expense — (45 ) Total derivatives not designated as hedging instruments (147 ) (105 ) Total derivatives $ (1,125 ) $ (1,019 ) Fair Value of Derivative Instruments on the Consolidated Balance Sheets - Asset/(Liability) (in thousands) March 31, December 31, Derivative Balance Sheet Location 2016 2015 Commodity contracts Prepaid and other current assets $ 58 $ 197 Total derivatives designated as hedging instruments 58 197 Commodity contracts (Accrued liabilities)/Prepaid and other current assets (63 ) 18 Interest rate swap agreements Other liabilities — (30 ) Total derivatives not designated as hedging instruments (63 ) (12 ) Total derivatives $ (5 ) $ 185

Pension and Other Post-Retireme

Pension and Other Post-Retirement Benefits	3 Months Ended
	Mar. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Pension and Other Post-Retirement Benefits	Pension and Other Post-Retirement Benefits HNH sponsors a defined benefit pension plan, the WHX Pension Plan, covering many of H&H's employees and certain employees of H&H's former subsidiary, Wheeling-Pittsburgh Corporation. In addition, JPS sponsors a defined benefit pension plan, which was assumed in connection with the acquisition of JPS on July 2, 2015. The following table presents the components of net periodic pension expense for the Company's pension plans for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, (in thousands) 2016 2015 Service cost $ 14 $ — Interest cost 4,788 4,760 Expected return on plan assets (5,981 ) (5,518 ) Amortization of actuarial loss 3,330 2,830 Total $ 2,151 $ 2,072 Beginning January 1, 2016, we changed the manner in which the interest cost component of net periodic pension expense is determined. Historically, we estimated the interest cost component using a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. We have elected to use a full yield curve approach in the estimation of this component of benefit expense by applying the specific spot rates along the yield curve used in the determination of the benefit obligation that correlate to the relevant projected cash flows ("spot rate approach"). This change provides a more precise measurement of interest cost. The estimated impact of this change is to reduce forecast annual pension expense in 2016 by approximately $4.8 million . The Company expects to have required minimum pension contributions of $13.5 million for the remainder of 2016 , and $34.3 million , $42.0 million , $38.8 million , $35.3 million and $92.5 million in 2017, 2018, 2019, 2020, and for the five years thereafter, respectively. Required future pension contributions are estimated based upon assumptions such as discount rates on future obligations, assumed rates of return on plan assets and legislative changes. Actual future pension costs and required funding obligations will be affected by changes in the factors and assumptions described in the previous sentence, as well as other changes such as any plan termination or other acceleration events. In addition to its pension plans included in the table above, the Company also maintains several other post-retirement benefit plans covering certain of its employees and retirees. The approximate aggregate expense for these plans was $0.6 million and $0.5 million for the three months ended March 31, 2016 and 2015 , respectively.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity Changes, net of tax, in accumulated other comprehensive loss and its components follow: (in thousands) Foreign Currency Translation Adjustments Changes in Net Pension and Other Benefit Obligations Total Balance at December 31, 2015 $ (3,577 ) $ (255,815 ) $ (259,392 ) Current period income (loss) 223 (94 ) 129 Balance at March 31, 2016 $ (3,354 ) $ (255,909 ) $ (259,263 )

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation During the three months ended March 31, 2016 , the Compensation Committee of the Company's Board of Directors approved the grant of an aggregate of 72,942 shares of restricted stock under the 2007 Incentive Stock Plan, as amended ("2007 Plan"), to certain employees, members of the Board of Directors and service providers. Restricted stock grants made to employees are in lieu of a long-term incentive plan component in the Company's bonus plan for those individuals who receive shares of restricted stock. Compensation expense is measured based on the fair value of the stock-based awards on the grant date, as measured by the NASDAQ closing price for the Company's common stock. Compensation expense is recognized in the consolidated income statement on a straight-line basis over the requisite service period, which is the vesting period. The restricted stock grants made to employees and service providers in 2016 vest in approximately equal annual installments over a three year period from the grant date. The restricted stock grants to the Company's non-employee directors vest one year from the grant date. The Company allows certain grantees to forego the issuance of shares to meet applicable income tax withholding due as a result of the vesting of restricted stock. Such shares are returned to the unissued shares of the Company's common stock. Restricted stock activity under the 2007 Plan was as follows for the three months ended March 31, 2016 : Employees and Service (shares) Providers Directors Total Balance, January 1, 2016 575,131 825,275 1,400,406 Granted 60,670 12,272 72,942 Forfeited (846 ) — (846 ) Reduced for income tax obligations (16,320 ) — (16,320 ) Balance, March 31, 2016 618,635 837,547 1,456,182 Vested 533,874 825,275 1,359,149 Non-vested 84,761 12,272 97,033 The Company recognized compensation expense related to restricted shares of $0.7 million and $1.3 million for the three months ended March 31, 2016 and 2015 , respectively. Unearned compensation expense related to restricted shares at March 31, 2016 is $2.0 million , which is net of an estimated 5% forfeiture rate for employees and service providers. This amount will be recognized over the remaining vesting period of the restricted shares. As of December 31, 2015, 13,000 stock options to purchase HNH shares at an exercise price of $90.00 per share were outstanding under the 2007 Plan. During the three months ended March 31, 2016 , all of these stock options expired unexercised.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2016 and 2015 , tax provisions from continuing operations of $3.9 million and $1.6 million , respectively, were recorded. The effective tax rates in the three months ended March 31, 2016 and 2015 were 43.2% and 41.3% , respectively. The provision for income taxes is based on the current estimate of the annual effective tax rate, adjusted for discrete items that occurred within the respective periods. Changes in the effective tax rate arise principally from differences in the mix of income between taxable jurisdictions, including the impact of foreign sourced income, as well as changes in estimates associated with our projected annual state tax expense.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of basic earnings per share of common stock is calculated by dividing net income by the weighted-average number of shares of the Company's common stock outstanding, as follows: Three Months Ended March 31, (in thousands, except per share) 2016 2015 Income from continuing operations, net of tax $ 456 $ 3,258 Weighted-average number of common shares outstanding 12,223 10,780 Income from continuing operations, net of tax, per share $ 0.04 $ 0.30 Net income from discontinued operations $ — $ 90,086 Weighted-average number of common shares outstanding 12,223 10,780 Discontinued operations, net of tax, per share $ — $ 8.36 Net income $ 456 $ 93,344 Weighted-average number of common shares outstanding 12,223 10,780 Net income per share $ 0.04 $ 8.66 Diluted earnings per share gives effect to dilutive potential common shares outstanding during the reporting period. The Company had potentially dilutive common share equivalents, in the form of outstanding stock options, during the three months ended March 31, 2016 and 2015 , although none were dilutive because the exercise price of these equivalents exceeded the market value of the Company's common stock during those periods. As of March 31, 2016 , no stock options remain outstanding.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the "exit price") in an orderly transaction between market participants at the measurement date. Fair value measurements are broken down into three levels based on the reliability of inputs as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. The valuation under this approach does not entail a significant degree of judgment ("Level 1"). Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (e.g. interest rates and yield curves observable at commonly quoted intervals or current market) and contractual prices for the underlying financial instrument, as well as other relevant economic measures ("Level 2"). Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs are used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date ("Level 3"). The fair value of the Company's financial instruments, such as cash and cash equivalents, trade and other receivables, and trade payables, approximate carrying value due to the short-term maturities of these assets and liabilities. Carrying cost approximates fair value for the Company's long-term debt which has variable interest rates. The fair value of the Company's investment in associated company is a Level 1 measurement because the underlying security is listed on a national securities exchange. The precious metal and commodity inventories associated with the Company's fair value hedges (see Note 9 - "Derivative Instruments") are reported at fair value. Fair values of these inventories are based on quoted market prices on commodity exchanges and are considered Level 1 measurements. The derivative instruments that the Company purchases in connection with its precious metal and commodity inventories, specifically commodity futures and forward contracts, are also valued at fair value. The futures contracts are Level 1 measurements since they are traded on a commodity exchange. The forward contracts are entered into with a counterparty and are considered Level 2 measurements. The Company's interest rate swap agreements were considered Level 2 measurements as the inputs were observable at commonly quoted intervals. These agreements expired in February 2016. The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 : Asset (Liability) as of March 31, 2016 (in thousands) Total Level 1 Level 2 Level 3 Investment in associated company $ 13,583 $ 13,583 $ — $ — Precious metal and commodity inventories recorded at fair value $ 11,747 $ 11,747 $ — $ — Commodity contracts on precious metal and commodity inventories $ (5 ) $ — $ (5 ) $ — Asset (Liability) as of December 31, 2015 (in thousands) Total Level 1 Level 2 Level 3 Investment in associated company $ 20,923 $ 20,923 $ — $ — Precious metal and commodity inventories recorded at fair value $ 10,380 $ 10,380 $ — $ — Commodity contracts on precious metal and commodity inventories $ 215 $ — $ 215 $ — Interest rate swap agreements $ (30 ) $ — $ (30 ) $ — The Company's non-financial assets and liabilities measured at fair value on a non-recurring basis include goodwill and other intangible assets, any assets and liabilities acquired in a business combination, or its long-lived assets written down to fair value. To measure fair value for such assets and liabilities, the Company uses techniques including an income approach, a market approach and/or appraisals (Level 3 inputs). Long-lived assets consisting of land and buildings used in previously operating businesses and currently unused, which total $7.1 million as of March 31, 2016 , are carried at the lower of cost or fair value less cost to sell and are included primarily in other non-current assets on the consolidated balance sheet. A reduction in the carrying value of such long-lived assets is recorded as an asset impairment charge in the consolidated income statement.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental Matters Certain H&H Group subsidiaries have existing and contingent liabilities relating to environmental matters, including capital expenditures, costs of remediation, and potential fines and penalties relating to possible violations of national and state environmental laws. Those subsidiaries have remediation expenses on an ongoing basis, although such costs are continually being readjusted based upon the emergence of new techniques and alternative methods. The Company had approximately $2.2 million accrued related to estimated environmental remediation costs as of March 31, 2016 . The Company also has insurance coverage available for several of these matters and believes that excess insurance coverage may be available as well. During the three months ended March 31, 2015 , the Company recorded an insurance reimbursement of $1.2 million for previously incurred remediation costs. No similar reimbursements were recorded during the three months ended March 31, 2016 . In addition, certain H&H Group subsidiaries have been identified as potentially responsible parties ("PRPs") under the Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA") or similar state statutes at sites and are parties to administrative consent orders in connection with certain properties. Those subsidiaries may be subject to joint and several liabilities imposed by CERCLA on PRPs. Due to the technical and regulatory complexity of remedial activities and the difficulties attendant in identifying PRPs and allocating or determining liability among them, the subsidiaries are unable to reasonably estimate the ultimate cost of compliance with such laws. Based upon information currently available, however, the H&H Group subsidiaries do not expect that their respective environmental costs, including the incurrence of additional fines and penalties, if any, will have a material adverse effect on them or that the resolution of these environmental matters will have a material adverse effect on the financial position, results of operations or cash flows of such subsidiaries or the Company, but there can be no such assurances. The Company anticipates that the H&H Group subsidiaries will pay any such amounts out of their respective working capital, although there is no assurance that they will have sufficient funds to pay them. In the event that the H&H Group subsidiaries are unable to fund their liabilities, claims could be made against their respective parent companies, including H&H Group and/or HNH, for payment of such liabilities. Among the sites where certain H&H Group subsidiaries may have more substantial environmental liabilities are the following: H&H has been working with the Connecticut Department of Energy and Environmental Protection ("CTDEEP") with respect to its obligations under a 1989 consent order that applies to a property in Connecticut that H&H sold in 2003 ("Sold Parcel") and an adjacent parcel ("Adjacent Parcel") that together with the Sold Parcel comprises the site of a former H&H manufacturing facility. Remediation of all soil conditions on the Sold Parcel was completed on April 6, 2007. On September 11, 2008, the CTDEEP advised H&H that it had approved H&H's December 28, 2007 Soil Remediation Action Report, as amended, thereby concluding the active remediation of the Sold Parcel. The remaining remediation, monitoring and regulatory administrative costs for the Sold Parcel are expected to approximate $0.1 million . With respect to the Adjacent Parcel, an ecological risk assessment has been completed and the results, along with proposed clean up goals, will be submitted to the CTDEEP for their review and approval in the second quarter of 2016. The next phase of remedial investigation will be estimable once the CTDEEP reviews and approves the risk assessment and clean up goals. The total remediation costs for the Adjacent Parcel cannot be reasonably estimated at this time. Accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of H&H or the Company. In 1986, Handy & Harman Electronic Materials Corporation ("HHEM"), a subsidiary of H&H, entered into an administrative consent order ("ACO") with the New Jersey Department of Environmental Protection ("NJDEP") with regard to certain property that it purchased in 1984 in New Jersey. The ACO involves investigation and remediation activities to be performed with regard to soil and groundwater contamination. Thereafter, in 1998, HHEM and H&H settled a case brought by the local municipality in regard to this site and also settled with certain of its insurance carriers. HHEM is actively remediating the property and continuing to investigate effective methods for achieving compliance with the ACO. A remedial investigation report was filed with the NJDEP in December 2007. By letter dated December 12, 2008, the NJDEP issued its approval with respect to additional investigation and remediation activities discussed in the December 2007 remedial investigation report. HHEM anticipates entering into discussions with the NJDEP to address that agency's potential natural resource damage claims, the ultimate scope and cost of which cannot be estimated at this time. Pursuant to a settlement agreement with the former owner/operator of the site, the responsibility for site investigation and remediation costs, as well as any other costs, as defined in the settlement agreement, related to or arising from environmental contamination on the property (collectively, "Costs") are contractually allocated 75% to the former owner/operator (with separate guaranties by the two joint venture partners of the former owner/operator for 37.5% each) and 25% jointly to HHEM and H&H after the first $1.0 million . The $1.0 million was paid solely by the former owner/operator. As of March 31, 2016 , over and above the $1.0 million , total investigation and remediation costs of approximately $5.1 million and $1.7 million have been expended by the former owner/operator and HHEM, respectively, in accordance with the settlement agreement. Additionally, HHEM is currently being reimbursed indirectly through insurance coverage for a portion of the Costs for which HHEM is responsible. HHEM believes that there is additional excess insurance coverage, which it intends to pursue as necessary. HHEM anticipates that there will be additional remediation expenses to be incurred once a final remediation plan is agreed upon. There is no assurance that the former owner/operator or guarantors will continue to timely reimburse HHEM for expenditures and/or will be financially capable of fulfilling their obligations under the settlement agreement and the guaranties. The final Costs cannot be reasonably estimated at this time, and accordingly, there can be no assurance that the resolution of this matter will not be material to the financial position, results of operations or cash flows of HHEM or the Company. HHEM is continuing to comply with a 1987 consent order from the Massachusetts Department of Environmental Protection ("MADEP") to investigate and remediate the soil and groundwater conditions at a commercial/industrial property in Massachusetts. On June 30, 2010, HHEM filed a Response Action Outcome report to close the site since HHEM's licensed site professional concluded that groundwater monitoring demonstrated that the groundwater conditions have stabilized or continue to improve at the site. On June 20, 2013, HHEM received the MADEP's Notice of Audit Findings and Notice of Noncompliance ("Notice"). HHEM and its consultant held meetings with the MADEP to resolve differences identified in the Notice. As a result of those meetings and subsequent discussions, HHEM initiated additional sampling, testing and well installations. The additional work was completed in the third quarter of 2015, and we expect to submit a follow-up response report to the MADEP in the second quarter of 2016. The cost of the follow up response report and subsequent decommissioning is estimated at $0.1 million . Additional costs could result from the final review of the remediation plan by the MADEP, which cannot be reasonably estimated at this time. Other Litigation In the ordinary course of our business, we are subject to periodic lawsuits, investigations, claims and proceedings, including, but not limited to, contractual disputes, employment, environmental, health and safety matters, as well as claims associated with our historical acquisitions and divestitures. There is insurance coverage available for many of the foregoing actions. Although we cannot predict with certainty the ultimate resolution of lawsuits, investigations, claims and proceedings asserted against us, we do not believe any currently pending legal proceeding to which we are a party will have a material adverse effect on our business, prospects, financial condition, cash flows, results of operations or liquidity.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As of March 31, 2016 , SPLP owned directly or indirectly through its subsidiaries 8,560,592 shares of the Company's common stock, representing approximately 69.8% of outstanding shares. The power to vote and dispose of the securities held by SPLP is controlled by SPH GP. Warren G. Lichtenstein, our Chairman of the Board of Directors, is also the Executive Chairman of SPH GP. Certain other affiliates of SPH GP hold positions with the Company, including Jack L. Howard, as Vice Chairman and Principal Executive Officer, John H. McNamara Jr., as Director, James F. McCabe, Jr., as Chief Financial Officer, Leonard J. McGill, as Chief Legal Officer, and Jeffrey A. Svoboda as President and Chief Executive Officer of H&H Group. The Company entered into a management services agreement, as amended ("Management Services Agreement"), with SP Corporate Services LLC ("SP Corporate"). SP Corporate is an affiliate of SPLP. Pursuant to the Management Services Agreement, SP Corporate provided the Company with certain executive and corporate services, including, without limitation, legal, tax, accounting, treasury, consulting, auditing, administrative, compliance, environmental health and safety, human resources, marketing, investor relations, and other similar services rendered for the Company or its subsidiaries. The Management Services Agreement further provided that the Company pay SP Corporate a fixed annual fee of approximately $8.9 million . On May 3, 2015, the Company and SP Corporate entered into an amendment to the Management Services Agreement to add operating group management services to the scope of services to be provided pursuant to the Management Services Agreement and to adjust the fee for services provided under the Management Services Agreement from $8.9 million to $10.6 million . In connection with the amendment, the Company also entered into a transfer agreement, dated May 3, 2015, with Steel Partners LLC ("Steel Partners"), pursuant to which three employees of the Company and its subsidiaries were transferred to Steel Partners, which will assume the cost of compensating those employees and providing applicable benefits. Effective February 23, 2016, SP Corporate assigned its rights and responsibilities under the Management Services Agreement to its parent company, SPH Services, Inc. ("SPH Services"), and the Company and SPH Services entered into an Amended and Restated Management Services Agreement ("Amended and Restated Management Services Agreement") to have SPH Services furnish the services to be provided pursuant to the Management Services Agreement and to make certain other changes. During the three months ended March 31, 2016 and 2015 , the Company reimbursed SPH Services and its affiliates approximately $0.2 million and $0.1 million , respectively, for business expenses incurred on its behalf pursuant to the management services agreements. The fees payable under the Amended and Restated Management Services Agreement are subject to review and such adjustments as may be agreed upon by SPH Services and the Company. The Amended and Restated Management Services Agreement has a term through December 31, 2016 and automatically renews for successive one-year periods unless and until terminated in accordance with the terms set forth therein. Upon any such termination, a reserve fund will be established by the Company for the payment of expenses incurred by or due to SPH Services that are attributable to the services provided to the Company. Mutual Securities, Inc. is the custodian for the majority of the Company's holdings in ModusLink common stock. Jack L. Howard is a registered principal of Mutual Securities, Inc.

Reportable Segments

Reportable Segments	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments HNH is a diversified holding company whose strategic business units encompass the following segments: Joining Materials, Tubing, Building Materials, Performance Materials and Kasco. For a more complete description of the Company's segments, see "Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations - The Company." Management has determined that certain operating companies should be aggregated and presented within a single segment on the basis that such segments have similar economic characteristics and share other qualitative characteristics. Management reviews net sales, gross profit and operating income to evaluate segment performance. Operating income for the segments generally includes costs directly attributable to the segment and excludes other unallocated general corporate expenses. Interest expense, other income and expense, and income taxes are not presented by segment since they are excluded from the measures of segment profitability reviewed by the Company's management. The following table presents information about the Company's reportable segments for the three months ended March 31, 2016 and 2015 : Income Statement Data Three Months Ended (in thousands) March 31, 2016 2015 Net sales: Joining Materials $ 42,671 $ 47,793 Tubing 20,270 21,080 Building Materials 58,302 54,989 Performance Materials 24,783 — Kasco 14,771 14,120 Total net sales $ 160,797 $ 137,982 Segment operating income: Joining Materials $ 4,415 $ 6,247 Tubing 4,211 3,080 Building Materials 7,353 3,233 Performance Materials 293 — Kasco 980 863 Total segment operating income 17,252 13,423 Unallocated corporate expenses and non-operating units (4,983 ) (5,960 ) Unallocated pension expense (2,151 ) (2,072 ) Gain from asset dispositions 164 55 Operating income 10,282 5,446 Interest expense (1,070 ) (1,167 ) Realized and unrealized loss on derivatives (123 ) (207 ) Other expense (145 ) (93 ) Income from continuing operations before tax and equity investment $ 8,944 $ 3,979

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events SLI Acquisition On April 6, 2016, the Company entered into a definitive merger agreement with SL Industries, Inc. ("SLI"), pursuant to which it commenced a cash tender offer to purchase all of the outstanding shares of SLI’s common stock, at a purchase price of $40.00 per share in cash, or approximately $164 million in total. SLI designs, manufactures and markets power electronics, motion control, power protection, power quality electromagnetic equipment, and custom gears and gearboxes that are used in a variety of medical, commercial and military aerospace, computer, datacom, industrial, architectural and entertainment lighting, and telecom applications. Consummation of the offer is subject to certain conditions, including the tender of a number of shares that constitutes at least (1) a majority of SLI’s outstanding shares and (2) 60% of SLI's outstanding shares not owned by HNH or any of its affiliates, as well as other customary conditions. SPLP beneficially owns approximately 25.1% of SLI’s outstanding shares. The transaction is not subject to any financing contingencies, and we expect to finance the acquisition with available funds under our Senior Credit Facility. Common Stock Repurchase Program On April 28, 2016, the Company's Board of Directors approved the repurchase of up to an aggregate of 500,000 shares of the Company's common stock. Any such repurchases will be made from time to time on the open market at prevailing market prices or in negotiated transactions off the market, in compliance with applicable laws and regulations. The repurchase program is expected to continue unless and until revoked by the Board of Directors.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2016
Basis of Presentation [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606) . The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services, and the guidance defines a five step process to achieve this core principle. In August 2015, the FASB issued ASU No. 2015-14, which deferred the effective date of ASU No. 2014-09 by one year. The ASU, as amended, is effective for the Company's 2018 fiscal year and may be applied either (i) retrospectively to each prior reporting period presented with an election for certain specified practical expedients, or (ii) retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application, with additional disclosure requirements. The Company is evaluating the potential impact of this new guidance, but does not currently anticipate that the application of ASU No. 2014-09 will have a significant effect on its financial condition, results of operations or its cash flows. We have not yet determined the method by which we will adopt the standard. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory , which requires an entity to measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. The amendments do not apply to inventory that is measured using the last-in, first-out ("LIFO") cost method. The Company is currently evaluating the potential impact of this new guidance, which is effective for the Company's 2017 fiscal year. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments , which eliminates the requirement to restate prior-period financial statements for measurement-period adjustments following a business combination. The new guidance requires that the cumulative impact of a measurement-period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. The prior-period impact of the adjustment should either be presented separately on the face of the income statement or disclosed in the notes. This new guidance is effective for the Company's 2016 fiscal year. The amendments in this ASU will be applied prospectively to adjustments to provisional amounts that occur in 2016 and thereafter. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The new standard establishes a right-of-use ("ROU") model that requires a lessee to record a ROU asset and a lease liability, measured on a discounted basis, on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. A modified retrospective transition approach is required for capital and operating leases existing at the date of adoption, with certain practical expedients available. The Company is currently evaluating the potential impact of this new guidance, which is effective for the Company's 2019 fiscal year. In March 2016, the FASB issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This new standard simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows, among other things. The new standard is effective for the Company's 2017 fiscal year. The Company is currently evaluating the potential impact of this new guidance.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2016
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the amounts of the assets acquired and liabilities assumed at the acquisition date on a preliminary basis (in thousands): Cash and cash equivalents $ 22 Trade and other receivables 21,201 Inventories 27,126 Prepaid and other current assets 4,961 Property, plant and equipment 45,384 Goodwill 32,336 Other intangibles 9,120 Deferred income tax assets 19,286 Other non-current assets 3,280 Total assets acquired 162,716 Trade payables (10,674 ) Accrued liabilities (5,533 ) Long-term debt (1,500 ) Accrued pension liability (30,367 ) Other liabilities (149 ) Net assets acquired $ 114,493
Business Acquisition, Pro Forma Information	Unaudited pro forma net sales and income from continuing operations, net of tax, of the combined entity had the acquisition date been January 1, 2014 are as follows: Three Months Ended March 31, (in thousands, except per share) 2015 Net sales $ 181,823 Income from continuing operations, net of tax $ 4,086 Income from continuing operations, net of tax, per share $ 0.33 Weighted-average number of common shares outstanding 12,209

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	The net income from discontinued operations includes the following: Three Months Ended March 31, (in thousands) 2015 Net sales $ 5,952 Operating income 920 Interest expense and other income (10 ) Tax provision 365 Income from discontinued operations, net of tax 565 Gain on disposal of assets 93,455 Tax provision 3,934 Gain on disposal of assets, net of tax 89,521 Net income from discontinued operations $ 90,086

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories, net at March 31, 2016 and December 31, 2015 were comprised of: March 31, December 31, (in thousands) 2016 2015 Finished products $ 31,680 $ 31,355 In-process 20,885 19,873 Raw materials 19,128 18,451 Fine and fabricated precious metals in various stages of completion 16,986 13,155 88,679 82,834 LIFO reserve (585 ) (30 ) Total $ 88,094 $ 82,804
Inventory Supplemental Disclosure	Supplemental inventory information: March 31, December 31, (in thousands, except per ounce) 2016 2015 Precious metals stated at LIFO cost $ 5,722 $ 3,506 Precious metals stated under non-LIFO cost methods, primarily at fair value $ 10,679 $ 9,619 Market value per ounce: Silver $ 15.28 $ 13.86 Gold $ 1,221.00 $ 1,062.25 Palladium $ 577.00 $ 547.00

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Reconciliation of the change in the carrying value of goodwill	The changes in the net carrying amount of goodwill by reportable segment for the three months ended March 31, 2016 were as follows (in thousands): Segment Balance at January 1, 2016 Foreign Currency Translation Adjustments Additions Adjustments Balance at Accumulated Joining Materials $ 16,210 $ 5 $ — $ — $ 16,215 $ — Tubing 1,895 — — — 1,895 — Building Materials 71,388 — — — 71,388 — Performance Materials 32,336 — — — 32,336 — Total $ 121,829 $ 5 $ — $ — $ 121,834 $ —
Summary of Other Intangible Assets	Other intangible assets, net at March 31, 2016 and December 31, 2015 consisted of: (in thousands) March 31, 2016 December 31, 2015 Cost Accumulated Amortization Net Cost Accumulated Amortization Net Customer relationships $ 35,077 $ (11,291 ) $ 23,786 $ 35,077 $ (10,702 ) $ 24,375 Trademarks, trade names and brand names 12,739 (2,878 ) 9,861 12,739 (2,649 ) 10,090 Patents and patent applications 5,635 (2,668 ) 2,967 5,591 (2,591 ) 3,000 Non-compete agreements 774 (725 ) 49 774 (714 ) 60 Other 7,341 (1,954 ) 5,387 7,331 (1,739 ) 5,592 Total $ 61,566 $ (19,516 ) $ 42,050 $ 61,512 $ (18,395 ) $ 43,117

Investments (Tables)

Investments (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Equity Method Investments	Summarized unaudited information as to assets, liabilities and results of operations of ModusLink for the quarter ended January 31, 2016, its most recently completed fiscal quarter, and the comparable prior periods are as follows: January 31, July 31, (in thousands) 2016 2015 Current assets $ 434,409 $ 413,642 Non-current assets $ 30,949 $ 32,860 Current liabilities $ 257,612 $ 211,353 Non-current liabilities $ 92,887 $ 90,548 Stockholders' equity $ 114,859 $ 144,601 Three Months Ended January 31, (in thousands) 2016 2015 Net revenue $ 119,966 $ 148,310 Gross profit $ 3,655 $ 16,594 Loss from continuing operations $ (13,948 ) $ (1,556 ) Net loss $ (13,948 ) $ (1,566 )

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	Debt at March 31, 2016 and December 31, 2015 was as follows: March 31, December 31, (in thousands) 2016 2015 Short-term debt Foreign $ 774 $ 742 Long-term debt Revolving facilities 99,545 90,613 Other H&H debt - domestic 6,822 6,936 Foreign loan facilities 1,310 1,277 Sub total 107,677 98,826 Less portion due within one year 1,745 1,720 Total long-term debt 105,932 97,106 Total debt $ 108,451 $ 99,568

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding Forward and Future Contracts	As of March 31, 2016 , the Company had the following outstanding forward contracts with settlement dates through April 2016. There were no futures contracts outstanding at March 31, 2016 . Notional Value Commodity Amount ($ in millions) Silver 762,562 ounces $ 11.7 Gold 1,000 ounces $ 1.2 Copper 200,000 pounds $ 0.4 Tin 55 metric tons $ 0.9
Effect of Derivative Instruments on the Consolidated Statements of Operations	Effect of Derivative Instruments in the Consolidated Income Statements - Income/(Expense) (in thousands) Three Months Ended March 31, Derivative Income Statement Line 2016 2015 Commodity contracts Cost of goods sold $ (978 ) $ (914 ) Total derivatives designated as hedging instruments (978 ) (914 ) Commodity contracts Cost of goods sold (24 ) 147 Commodity contracts Realized and unrealized loss on derivatives (123 ) (207 ) Interest rate swap agreements Interest expense — (45 ) Total derivatives not designated as hedging instruments (147 ) (105 ) Total derivatives $ (1,125 ) $ (1,019 )
Derivative Instruments in the Consolidated Balance Sheets, Fair Value	Fair Value of Derivative Instruments on the Consolidated Balance Sheets - Asset/(Liability) (in thousands) March 31, December 31, Derivative Balance Sheet Location 2016 2015 Commodity contracts Prepaid and other current assets $ 58 $ 197 Total derivatives designated as hedging instruments 58 197 Commodity contracts (Accrued liabilities)/Prepaid and other current assets (63 ) 18 Interest rate swap agreements Other liabilities — (30 ) Total derivatives not designated as hedging instruments (63 ) (12 ) Total derivatives $ (5 ) $ 185

Pension and Other Post-Retire35

Pension and Other Post-Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures	The following table presents the components of net periodic pension expense for the Company's pension plans for the three months ended March 31, 2016 and 2015 : Three Months Ended March 31, (in thousands) 2016 2015 Service cost $ 14 $ — Interest cost 4,788 4,760 Expected return on plan assets (5,981 ) (5,518 ) Amortization of actuarial loss 3,330 2,830 Total $ 2,151 $ 2,072

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Changes, net of tax, in accumulated other comprehensive loss and its components follow: (in thousands) Foreign Currency Translation Adjustments Changes in Net Pension and Other Benefit Obligations Total Balance at December 31, 2015 $ (3,577 ) $ (255,815 ) $ (259,392 ) Current period income (loss) 223 (94 ) 129 Balance at March 31, 2016 $ (3,354 ) $ (255,909 ) $ (259,263 )

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Share-based Compensation [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	Restricted stock activity under the 2007 Plan was as follows for the three months ended March 31, 2016 : Employees and Service (shares) Providers Directors Total Balance, January 1, 2016 575,131 825,275 1,400,406 Granted 60,670 12,272 72,942 Forfeited (846 ) — (846 ) Reduced for income tax obligations (16,320 ) — (16,320 ) Balance, March 31, 2016 618,635 837,547 1,456,182 Vested 533,874 825,275 1,359,149 Non-vested 84,761 12,272 97,033

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method	The computation of basic earnings per share of common stock is calculated by dividing net income by the weighted-average number of shares of the Company's common stock outstanding, as follows: Three Months Ended March 31, (in thousands, except per share) 2016 2015 Income from continuing operations, net of tax $ 456 $ 3,258 Weighted-average number of common shares outstanding 12,223 10,780 Income from continuing operations, net of tax, per share $ 0.04 $ 0.30 Net income from discontinued operations $ — $ 90,086 Weighted-average number of common shares outstanding 12,223 10,780 Discontinued operations, net of tax, per share $ — $ 8.36 Net income $ 456 $ 93,344 Weighted-average number of common shares outstanding 12,223 10,780 Net income per share $ 0.04 $ 8.66

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables summarize the Company's assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 : Asset (Liability) as of March 31, 2016 (in thousands) Total Level 1 Level 2 Level 3 Investment in associated company $ 13,583 $ 13,583 $ — $ — Precious metal and commodity inventories recorded at fair value $ 11,747 $ 11,747 $ — $ — Commodity contracts on precious metal and commodity inventories $ (5 ) $ — $ (5 ) $ — Asset (Liability) as of December 31, 2015 (in thousands) Total Level 1 Level 2 Level 3 Investment in associated company $ 20,923 $ 20,923 $ — $ — Precious metal and commodity inventories recorded at fair value $ 10,380 $ 10,380 $ — $ — Commodity contracts on precious metal and commodity inventories $ 215 $ — $ 215 $ — Interest rate swap agreements $ (30 ) $ — $ (30 ) $ —

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents information about the Company's reportable segments for the three months ended March 31, 2016 and 2015 : Income Statement Data Three Months Ended (in thousands) March 31, 2016 2015 Net sales: Joining Materials $ 42,671 $ 47,793 Tubing 20,270 21,080 Building Materials 58,302 54,989 Performance Materials 24,783 — Kasco 14,771 14,120 Total net sales $ 160,797 $ 137,982 Segment operating income: Joining Materials $ 4,415 $ 6,247 Tubing 4,211 3,080 Building Materials 7,353 3,233 Performance Materials 293 — Kasco 980 863 Total segment operating income 17,252 13,423 Unallocated corporate expenses and non-operating units (4,983 ) (5,960 ) Unallocated pension expense (2,151 ) (2,072 ) Gain from asset dispositions 164 55 Operating income 10,282 5,446 Interest expense (1,070 ) (1,167 ) Realized and unrealized loss on derivatives (123 ) (207 ) Other expense (145 ) (93 ) Income from continuing operations before tax and equity investment $ 8,944 $ 3,979

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 31, 2015	Jul. 02, 2015	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill				$ 121,834		$ 121,829
Payments to acquire business				0	$ 27,000
Net sales				160,797	137,982
Segment operating income:				10,282	5,446
Performance Materials
Business Acquisition [Line Items]
Goodwill				32,336		$ 32,336
Net sales				24,783	0
Segment operating income:				293	0
JPS Industries, Inc.
Business Acquisition [Line Items]
Plant and equipment		$ 45,384
Other intangibles				9,120
Goodwill		$ 32,336
Net sales				24,800
Segment operating income:				400
JPS Industries, Inc. | Acquisition-related Costs
Business Acquisition [Line Items]
Acquisition costs					1,200
JPS Industries, Inc. | Performance Materials
Business Acquisition [Line Items]
Goodwill				$ 32,300
JPS Industries, Inc. | Minimum
Business Acquisition [Line Items]
Useful lives				10 years
JPS Industries, Inc. | Maximum
Business Acquisition [Line Items]
Useful lives				15 years
JPS Industries, Inc. | Trade Names
Business Acquisition [Line Items]
Acquired intangibles	$ 4,300
JPS Industries, Inc. | Customer relationships
Business Acquisition [Line Items]
Acquired intangibles	3,100
JPS Industries, Inc. | Technology-Based Intangible Assets
Business Acquisition [Line Items]
Acquired intangibles	$ 1,700
OMG | ITW
Business Acquisition [Line Items]
Purchase price			$ 27,400
Working capital adjustments			400
Net working capital			1,700		1,700
Plant and equipment			100		100
Other intangibles			4,400		4,400
Goodwill			$ 21,300		$ 21,300
HNH Group Acquisition LLC | JPS Industries, Inc.
Business Acquisition [Line Items]
Share price (in dollars per share)		$ 11
Payments to acquire business		$ 65,700
Percentage of voting interest acquired		100.00%
SPH Group Holding LLC | JPS Industries, Inc.
Business Acquisition [Line Items]
Payments to acquire business		$ 70,300
Number of shares tendered	1,429,407
Value of equity	$ 48,700

Acquisitions - Assets_liabiliti

Acquisitions - Assets/liabilities acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Jul. 02, 2015
Business Acquisition [Line Items]
Goodwill	$ 121,834	$ 121,829
JPS Industries, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents			$ 22
Trade and other receivables			21,201
Inventories			27,126
Prepaid and other current assets			4,961
Property, plant and equipment			45,384
Goodwill			32,336
Other intangibles	$ 9,120
Deferred income tax assets			19,286
Other non-current assets			3,280
Total assets acquired			162,716
Trade payables			(10,674)
Accrued liabilities			(5,533)
Long-term debt			(1,500)
Accrued pension liability			(30,367)
Other liabilities			(149)
Net assets acquired			$ 114,493

Acquisitions - Pro Forma (Detai

Acquisitions - Pro Forma (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Business Acquisition [Line Items]
Weighted-average number of common shares outstanding (in shares)	12,223	10,780
JPS Industries, Inc.
Business Acquisition [Line Items]
Net sales		$ 181,823
Income from continuing operations, net of tax		$ 4,086
Income from continuing operations, net of tax, per share ($ per share)		$ 0.33
Weighted-average number of common shares outstanding (in shares)		12,209

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 18, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Effective tax rate (as a percent)	43.20%	41.30%
H&H Group and Bairnco | Arlon
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal price			$ 157
Deferred tax liabilities	$ 7.6
Effective tax rate (as a percent)	4.20%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net sales		$ 5,952
Operating income		920
Interest expense and other income		(10)
Tax provision		365
Income from discontinued operations, net of tax	$ 0	565
Gain on disposal of assets		93,455
Tax provision		3,934
Gain on disposal of assets, net of tax	0	89,521
Net income from discontinued operations	$ 0	$ 90,086

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished products	$ 31,680	$ 31,355
In-process	20,885	19,873
Raw materials	19,128	18,451
Fine and fabricated precious metals in various stages of completion	16,986	13,155
Inventory, before LIFO reserve	88,679	82,834
LIFO reserve	(585)	(30)
Total	$ 88,094	$ 82,804

Inventories - Narrative (Detail

Inventories - Narrative (Details)	Mar. 31, 2016oz
Inventory Disclosure [Abstract]
Customer metal, ounces of silver (in ounces)	147,368
Customer metal, ounces of gold (in ounces)	520
Customer metal, ounces of palladium (in ounces)	1,391

Inventories - Supplemental Inve

Inventories - Supplemental Inventory Information (Details) $ in Thousands	Mar. 31, 2016$ / oz	Dec. 31, 2015USD ($)$ / oz
Inventory Disclosure [Abstract]
Precious metals stated at LIFO cost | $		$ 3,506
Precious metals stated under non-LIFO cost methods, primarily at fair value | $		$ 9,619
Silver (in dollars per ounce)	15.28	13.86
Gold (in dollars per ounce)	1,221	1,062.25
Palladium (in dollars per ounce)	577	547

Goodwill and Other Intangible49

Goodwill and Other Intangibles - Changes in Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 121,829
Foreign Currency Translation Adjustments	5
Additions	0
Adjustments	0
Balance at end of period	121,834
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated Impairment Losses	0
Joining Materials
Goodwill [Roll Forward]
Balance at beginning of period	16,210
Foreign Currency Translation Adjustments	5
Additions	0
Adjustments	0
Balance at end of period	16,215
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated Impairment Losses	0
Tubing
Goodwill [Roll Forward]
Balance at beginning of period	1,895
Foreign Currency Translation Adjustments	0
Additions	0
Adjustments	0
Balance at end of period	1,895
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated Impairment Losses	0
Building Materials
Goodwill [Roll Forward]
Balance at beginning of period	71,388
Foreign Currency Translation Adjustments	0
Additions	0
Adjustments	0
Balance at end of period	71,388
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated Impairment Losses	0
Performance Materials
Goodwill [Roll Forward]
Balance at beginning of period	32,336
Foreign Currency Translation Adjustments	0
Additions	0
Adjustments	0
Balance at end of period	32,336
Goodwill, Impaired, Accumulated Impairment Loss [Abstract]
Accumulated Impairment Losses	$ 0

Goodwill and Other Intangible50

Goodwill and Other Intangibles - Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Cost	$ 61,566		$ 61,512
Accumulated Amortization	(19,516)		(18,395)
Net	42,050		43,117
Amortization expense of other intangible assets	1,100	$ 800
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Cost	35,077		35,077
Accumulated Amortization	(11,291)		(10,702)
Net	23,786		24,375
Trademarks, trade names and brand names
Finite-Lived Intangible Assets [Line Items]
Cost	12,739		12,739
Accumulated Amortization	(2,878)		(2,649)
Net	9,861		10,090
Patents and patent applications
Finite-Lived Intangible Assets [Line Items]
Cost	5,635		5,591
Accumulated Amortization	(2,668)		(2,591)
Net	2,967		3,000
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Cost	774		774
Accumulated Amortization	(725)		(714)
Net	49		60
Other
Finite-Lived Intangible Assets [Line Items]
Cost	7,341		7,331
Accumulated Amortization	(1,954)		(1,739)
Net	5,387		$ 5,592
JPS Industries, Inc.
Finite-Lived Intangible Assets [Line Items]
Other intangibles	$ 9,120

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investment in associated company	$ 13,583	$ 20,923
ModusLink | Handy & Harman Ltd.
Schedule of Equity Method Investments [Line Items]
Number of shares owned (in shares)	8,436,715	8,436,715
ModusLink | SPLP
Schedule of Equity Method Investments [Line Items]
Number of shares owned (in shares)	16,476,730
Ownership percentage (as a percent)	31.30%
ModusLink | SPH GP
Schedule of Equity Method Investments [Line Items]
Number of warrants purchased (in shares)	2,000,000
Exercise price of rights (in dollars per share)	$ 5
Fair Value, Measurements, Recurring | Level 1 | ModusLink
Schedule of Equity Method Investments [Line Items]
Investment in associated company	$ 13,600	$ 20,900

Investments - Summarized Inform

Investments - Summarized Information (Details) - ModusLink - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jul. 31, 2015
Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract]
Current assets	$ 434,409		$ 413,642
Non-current assets	30,949		32,860
Current liabilities	257,612		211,353
Non-current liabilities	92,887		90,548
Stockholders' equity	114,859		$ 144,601
Equity Method Investment, Summarized Financial Information, Income Statement [Abstract]
Net revenue	119,966	$ 148,310
Gross profit	3,655	16,594
Loss from continuing operations	(13,948)	(1,556)
Net loss	$ (13,948)	$ (1,566)

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Short-term debt
Short-term debt	$ 774	$ 742
Long-term debt
Long-term debt	107,677	98,826
Less portion due within one year	1,745	1,720
Total long-term debt	105,932	97,106
Total debt	108,451	99,568
Revolving facilities
Long-term debt
Long-term debt	99,545	90,613
Other H&H debt - domestic
Long-term debt
Long-term debt	6,822	6,936
Foreign loan facilities
Long-term debt
Long-term debt	$ 1,310	$ 1,277

Debt - Senior Credit Facility (

Debt - Senior Credit Facility (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 23, 2016	Aug. 29, 2014	Feb. 28, 2013
Interest rate swap agreements
Debt Instrument [Line Items]
Fixed interest rate (as a percent)	0.598%			0.569%
Notional amount	$ 5,000,000			$ 56,400,000
Decrease in notional amount 2013	100,000			1,100,000
Decrease in notional amount 2014	200,000			1,800,000
Decrease in notional amount 2015	$ 200,000			$ 2,200,000
Revolving facilities | Line of Credit
Debt Instrument [Line Items]
Revolving credit facility		$ 400,000,000	$ 365,000,000
Additional borrowing capacity		$ 35,000,000
Weighted average interest rate (as a percent)	2.22%
Remaining borrowing capacity	$ 174,700,000
Revolving facilities | Line of Credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	1.75%
Revolving facilities | Line of Credit | U.S. Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	0.75%
Revolving facilities | Line of Credit | Sublimit for Issuance of Letters of Credit
Debt Instrument [Line Items]
Revolving credit facility			20,000,000
Revolving facilities | Line of Credit | Sublimit for the Issuance of Swing Loans
Debt Instrument [Line Items]
Revolving credit facility			$ 20,000,000

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Forward Contracts (Details) - Forward Contracts $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)Tozlb
Total derivatives not designated as hedging instruments | Silver, Ounces
Derivative [Line Items]
Amount | oz	762,562
Notional Value	$ 11.7
Total derivatives not designated as hedging instruments | Gold, Ounces
Derivative [Line Items]
Amount | oz	1,000
Notional Value	$ 1.2
Total derivatives not designated as hedging instruments | Copper, Pounds
Derivative [Line Items]
Amount | lb	200,000
Notional Value	$ 0.4
Total derivatives not designated as hedging instruments | Tin, Tons
Derivative [Line Items]
Amount | T	55
Notional Value	$ 0.9
Total derivatives designated as hedging instruments | Silver and Copper, Ounces
Derivative [Line Items]
Amount | oz	587,562

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivative Instruments in the Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	$ (123)	$ (207)
Total Impact on Derivative Instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(1,125)	(1,019)
Total derivatives designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(978)	(914)
Total derivatives designated as hedging instruments | Commodity contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(978)	(914)
Total derivatives not designated as hedging instruments
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(147)	(105)
Total derivatives not designated as hedging instruments | Commodity contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(24)	147
Total derivatives not designated as hedging instruments | Commodity contracts | Realized and unrealized loss on derivatives
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	(123)	(207)
Total derivatives not designated as hedging instruments | Interest rate swap agreements | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on derivative instruments	$ 0	$ (45)

Derivative Instruments - Fair V

Derivative Instruments - Fair Value of Derivative Instruments on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Total derivatives	$ (5)	$ 185
Total derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivatives	58	197
Total derivatives designated as hedging instruments | Commodity contracts | Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Total derivatives	58	197
Total derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Total derivatives	(63)	(12)
Total derivatives not designated as hedging instruments | Commodity contracts | (Accrued liabilities)/Prepaid and other current assets
Derivatives, Fair Value [Line Items]
Total derivatives	(63)	18
Total derivatives not designated as hedging instruments | Interest rate swap agreements | Other liabilities
Derivatives, Fair Value [Line Items]
Total derivatives	$ 0	$ (30)

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details)	Mar. 31, 2016contract
Total derivatives not designated as hedging instruments
Derivative [Line Items]
Number of interest rate swaps held	2

Pension and Other Post-Retire59

Pension and Other Post-Retirement Benefits - Components of Net Periodic Pension Expense (Details) - Pension Plans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 14	$ 0
Interest cost	4,788	4,760
Expected return on plan assets	(5,981)	(5,518)
Amortization of actuarial loss	3,330	2,830
Total	$ 2,151	$ 2,072

Pension and Other Post-Retire60

Pension and Other Post-Retirement Benefits - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Change in forecasted pension expense	$ 4.8
Pension plan required minimum contributions, 2016	13.5
Pension plan required minimum contributions, 2017	34.3
Pension plan required minimum contributions, 2018	42
Pension plan required minimum contributions, 2019	38.8
Pension plan required minimum contributions, 2020	35.3
Pension plan required minimum contributions, thereafter	92.5
Other Postretirement Benefit Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Aggregate expense of other postretirement benefit plans	$ 0.6	$ 0.5

Stockholders' Equity (Details)

Stockholders' Equity (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Accumulated Other Comprehensive Loss
Balance	$ 184,540
Balance	185,402
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Loss
Balance	(3,577)
Current period income (loss)	(223)
Balance	(3,354)
Changes in Net Pension and Other Benefit Obligations
Accumulated Other Comprehensive Loss
Balance	(255,815)
Current period income (loss)	94
Balance	(255,909)
Total
Accumulated Other Comprehensive Loss
Balance	(259,392)
Current period income (loss)	(129)
Balance	$ (259,263)

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) - 2007 Incentive Stock Plan - Restricted Stock	3 Months Ended
	Mar. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding (in shares) [Roll Forward]
Balance at beginning of period	1,400,406
Granted	72,942
Forfeited	(846)
Reduced for income tax obligations	(16,320)
Balance at end of period	1,456,182
Vested (in shares)	1,359,149
Non-vested (in shares)	97,033
Employees and Service Providers
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding (in shares) [Roll Forward]
Balance at beginning of period	575,131
Granted	60,670
Forfeited	(846)
Reduced for income tax obligations	(16,320)
Balance at end of period	618,635
Vested (in shares)	533,874
Non-vested (in shares)	84,761
Directors
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding (in shares) [Roll Forward]
Balance at beginning of period	825,275
Granted	12,272
Forfeited	0
Reduced for income tax obligations	0
Balance at end of period	837,547
Vested (in shares)	825,275
Non-vested (in shares)	12,272

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - 2007 Incentive Stock Plan - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (shares)			13,000
Options exercise price ($ per share)			$ 90
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved for grant, restricted shares (in shares)	72,942
Non-cash stock based compensation	$ 0.7	$ 1.3
Unearned compensation expense, restricted shares	$ 2
Estimated forfeiture rate, restricted shares (as a percent)	5.00%
Restricted Stock | Employees and Service Providers
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved for grant, restricted shares (in shares)	60,670
Award vesting period (in years)	3 years
Restricted Stock | Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares approved for grant, restricted shares (in shares)	12,272
Award vesting period (in years)	1 year

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Tax provision	$ 3,860	$ 1,643
Effective tax rate (as a percent)	43.20%	41.30%

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Income from continuing operations, net of tax	$ 456	$ 3,258
Weighted-average number of common shares outstanding (in shares)	12,223	10,780
Income from continuing operations, net of tax, per share (in dollars per share)	$ 0.04	$ 0.30
Net (loss) income from discontinued operations	$ 0	$ 90,086
Discontinued operations, net of tax, per share (in dollars shares)	$ 0	$ 8.36
Net income	$ 456	$ 93,344
Net income per common share (in dollars per share)	$ 0.04	$ 8.66

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in associated company	$ 13,583	$ 20,923
Precious metal and commodity inventories recorded at fair value	11,747	10,380
Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities	(5)	215
Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities		(30)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in associated company	13,583	20,923
Precious metal and commodity inventories recorded at fair value	11,747	10,380
Level 1 | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities	0
Level 1 | Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in associated company	0	0
Precious metal and commodity inventories recorded at fair value	0	0
Level 2 | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities	(5)	215
Level 2 | Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities		(30)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in associated company	0	0
Precious metal and commodity inventories recorded at fair value	0	0
Level 3 | Commodity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities	$ 0	0
Level 3 | Interest rate swap agreements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets and liabilities		$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	Mar. 31, 2016USD ($)
Non-current Assets
Derivatives, Fair Value [Line Items]
Long-lived assets, currently not in use	$ 7.1

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Environmetal Remediation Obligations [Line Items]
Accrued environmental liabilities	$ 2,221,000		$ 2,531,000
Insurance reimbursements		$ 1,200,000
Costs | Second Joint Venture Partner of Former Owner / Operator
Environmetal Remediation Obligations [Line Items]
Ownership responsibility for site investigation and remediation costs, percentage allocation (as a percent)	37.50%
Environmental and Other Matters | Sold Parcel
Environmetal Remediation Obligations [Line Items]
Remediation cost, expected cost	$ 100,000
Environmental and Other Matters | Costs | Former Owner / Operator [Member]
Environmetal Remediation Obligations [Line Items]
Ownership responsibility for site investigation and remediation costs, percentage allocation (as a percent)	75.00%
Environmental remediation expense	$ 5,100,000
Environmental and Other Matters | Costs | First Joint Venture Partner of Former Owner / Operator
Environmetal Remediation Obligations [Line Items]
Ownership responsibility for site investigation and remediation costs, percentage allocation (as a percent)	37.50%
Environmental and Other Matters | Costs | Hhem and HandH
Environmetal Remediation Obligations [Line Items]
Ownership responsibility for site investigation and remediation costs, percentage allocation (as a percent)	25.00%
Environmental loss contingencies, payments	$ 1,000,000
Environmental remediation expense	1,700,000
Environmental and Other Matters | Industrial Property
Environmetal Remediation Obligations [Line Items]
Cost of additional work	$ 100,000

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) $ in Millions	May. 02, 2015USD ($)	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)	May. 03, 2015employee
SPH Group Holding LLC
Related Party Transaction [Line Items]
Common stock - outstanding (in shares) | shares		8,560,592
Ownership interest (as a percent)		69.80%
Affiliated Entity
Related Party Transaction [Line Items]
Related party management services fees and other arrangements	$ 10.6	$ 8.9
Affiliated Entity | Corporate Services Fee
Related Party Transaction [Line Items]
Number of employees transferred | employee				3
SP Corporate
Related Party Transaction [Line Items]
Related party management services fees and other arrangements		$ 0.2	$ 0.1

Reportable Segments (Details)

Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 160,797	$ 137,982
Segment operating income:	10,282	5,446
Unallocated pension expense	(2,151)	(2,072)
Interest expense	(1,070)	(1,167)
Realized and unrealized loss on derivatives	(123)	(207)
Other expense	(145)	(93)
Income from continuing operations before tax and equity investment	8,944	3,979
Joining Materials
Segment Reporting Information [Line Items]
Net sales	42,671	47,793
Segment operating income:	4,415	6,247
Tubing
Segment Reporting Information [Line Items]
Net sales	20,270	21,080
Segment operating income:	4,211	3,080
Building Materials
Segment Reporting Information [Line Items]
Net sales	58,302	54,989
Segment operating income:	7,353	3,233
Performance Materials
Segment Reporting Information [Line Items]
Net sales	24,783	0
Segment operating income:	293	0
Kasco
Segment Reporting Information [Line Items]
Net sales	14,771	14,120
Segment operating income:	980	863
Total segment operating income
Segment Reporting Information [Line Items]
Segment operating income:	17,252	13,423
Reconciling Items
Segment Reporting Information [Line Items]
Segment operating income:	(4,983)	(5,960)
Unallocated pension expense	(2,151)	(2,072)
Gain from asset dispositions	$ 164	$ 55

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Apr. 06, 2016	Mar. 31, 2016	Mar. 31, 2015	Apr. 28, 2016
Subsequent Event [Line Items]
Payments to acquire business		$ 0	$ 27,000
Subsequent Event | Common Stock
Subsequent Event [Line Items]
Repurchase authorized (shares)				500,000
Subsequent Event | SPLP
Subsequent Event [Line Items]
Ownership percentage	25.10%
SL Industries, Inc. (SLI) | Subsequent Event
Subsequent Event [Line Items]
Share price (in dollars per share)	$ 40
Payments to acquire business	$ 164,000
Unowned voting interests acquired	60.00%