Houston Wire & Cable (HWCC) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 01, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	Houston Wire & Cable CO
Entity Central Index Key	1,356,949
Document Type	10-K
Trading Symbol	HWCC
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 84,392,594
Entity Common Stock, Shares Outstanding		16,482,383
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Accounts receivable, net	$ 57,396	$ 44,677
Inventories, net	88,115	79,783
Income taxes	449	1,948
Prepaids	1,938	570
Total current assets	147,898	126,978
Property and equipment, net	11,355	11,261
Intangible assets, net	12,015	13,378
Goodwill	22,353	22,770
Deferred income taxes		892
Other assets	418	591
Total assets	194,039	175,870
Current liabilities:
Book overdraft	3,028	3,181
Trade accounts payable	8,449	8,406
Accrued and other current liabilities	16,823	13,248
Total current liabilities	28,300	24,835
Debt	73,555	60,388
Deferred income taxes	414
Other long-term obligations	1,026	516
Total liabilities	103,295	85,739
Stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized: 20,988,952 shares issued: 16,491,181 and 16,457,525 shares outstanding at December 31, 2017 and 2016, respectively	21	21
Additional paid-in capital	54,006	53,824
Retained earnings	97,336	97,550
Treasury stock	(60,619)	(61,264)
Total stockholders' equity	90,744	90,131
Total liabilities and stockholders' equity	$ 194,039	$ 175,870

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	20,988,952	20,988,952
Common stock, outstanding	16,491,181	16,457,525

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Sales	$ 317,697	$ 261,644	$ 308,133
Cost of sales	245,035	208,694	242,223
Gross profit	72,662	52,950	65,910
Operating expenses:
Salaries and commissions	36,570	29,369	28,537
Other operating expenses	28,716	24,714	25,023
Depreciation and amortization	2,772	3,018	2,915
Impairment charge		2,384	3,417
Total operating expenses	68,058	59,485	59,892
Operating income (loss)	4,604	(6,535)	6,018
Interest expense	2,073	845	901
Income (loss) before income taxes	2,531	(7,380)	5,117
Income tax expense (benefit)	2,753	(1,374)	3,073
Net income (loss)	$ (222)	$ (6,006)	$ 2,044
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.01)	$ (0.37)	$ 0.12
Diluted (in dollars per share)	$ (0.01)	$ (0.37)	$ 0.12
Weighted average common shares outstanding:
Basic (in shares)	16,269,611	16,345,679	17,012,560
Diluted (in shares)	16,269,611	16,345,679	17,067,593
Dividend declared per share (in dollars per share)		$ 0.15	$ 0.42

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance at beginning at Dec. 31, 2014	$ 21	$ 54,871	$ 111,233	$ (54,818)	$ 111,307
Balance at beginning (in shares) at Dec. 31, 2014	20,988,952			(3,480,937)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss / income			2,044		2,044
Repurchase of treasury shares				$ (6,858)	(6,858)
Repurchase of treasury shares (in shares)				(865,922)
Amortization of unearned stock compensation		886			886
Impact of forfeited awards		664		$ (784)	(120)
Impact of forfeited awards (in shares)				(52,128)
Impact of released vested restricted stock units		(224)		$ 224
Impact of released vested restricted stock units (in shares)				14,946
Issuance of restricted stock awards		(1,488)		$ 1,488
Issuance of restricted stock awards (in shares)				103,590
Dividends on common stock			(7,229)		(7,229)
Exercise of stock options, net		(48)		$ 59	11
Exercise of stock options, net (in shares)				4,125
Excess tax deficiency		(40)			(40)
Balance at end at Dec. 31, 2015	$ 21	54,621	106,048	$ (60,689)	100,001
Balance at end (in shares) at Dec. 31, 2015	20,988,952			(4,276,326)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss / income			(6,006)		(6,006)
Repurchase of treasury shares				$ (2,228)	(2,228)
Repurchase of treasury shares (in shares)				(376,860)
Amortization of unearned stock compensation		856			856
Impact of forfeited awards		387		$ (387)
Impact of forfeited awards (in shares)				(28,295)
Impact of released vested restricted stock units		(284)		$ 284
Impact of released vested restricted stock units (in shares)				20,416
Issuance of restricted stock awards		(1,756)		$ 1,756
Issuance of restricted stock awards (in shares)				129,638
Dividends on common stock			(2,492)		(2,492)
Balance at end at Dec. 31, 2016	$ 21	53,824	97,550	$ (61,264)	90,131
Balance at end (in shares) at Dec. 31, 2016	20,988,952			(4,531,427)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss / income			(222)		(222)
Repurchase of treasury shares				$ (177)	(177)
Repurchase of treasury shares (in shares)				(27,156)
Amortization of unearned stock compensation		1,004			1,004
Impact of forfeited awards		361		$ (361)
Impact of forfeited awards (in shares)				(26,707)
Impact of released vested restricted stock units		(372)		$ 372
Impact of released vested restricted stock units (in shares)				27,519
Issuance of restricted stock awards		(811)		$ 811
Issuance of restricted stock awards (in shares)				60,000
Dividend accrual reversal			8		8
Balance at end at Dec. 31, 2017	$ 21	$ 54,006	$ 97,336	$ (60,619)	$ 90,744
Balance at end (in shares) at Dec. 31, 2017	20,988,952			(4,497,771)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating activities
Net income (loss)	$ (222)	$ (6,006)	$ 2,044
Adjustments to reconcile net income to net cash provided by operating activities:
Impairment charge		2,384	3,417
Depreciation and amortization	2,772	3,018	2,915
Amortization of unearned stock compensation	1,176	856	886
Provision for doubtful accounts	68	285	97
Provision (reversal) for inventory obsolescence	34	93	397
Deferred income taxes	1,314	6	(485)
Other non-cash items	222	(116)	(59)
Changes in operating assets and liabilities:
Accounts receivable	(12,719)	4,019	15,352
Inventories	(7,942)	10,483	12,784
Book overdraft	(153)	(517)	588
Trade accounts payable	38	896	(1,613)
Accrued and other current liabilities	3,571	2,587	(3,557)
Income taxes	1,499	(1,016)	(713)
Prepaid expenses	(1,368)	124	(83)
Other operating activities	368	147	(141)
Net cash (used in) provided by operating activities	(11,342)	17,243	31,829
Investing activities
Expenditures for property and equipment	(1,769)	(1,319)	(3,123)
Proceeds from disposals of property and equipment	8	5	8
Cash refunded (paid) for acquisition	193	(32,370)
Net cash used in investing activities	(1,568)	(33,684)	(3,115)
Financing activities
Borrowings on revolver	333,301	302,898	310,366
Payments on revolver	(320,133)	(281,698)	(325,025)
Proceeds from exercise of stock options			11
Payment of dividends	(81)	(2,495)	(7,172)
Purchase of treasury stock	(177)	(2,264)	(6,894)
Net cash provided by (used in) financing activities	12,910	16,441	(28,714)
Net change in cash
Cash at beginning of year
Cash at end of year
Supplemental disclosures
Cash paid during the year for interest	1,961	728	900
Cash paid during the year for income taxes	$ 64	$ 233	$ 4,278

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	1. Organization and Summary of Significant Accounting Policies Description of Business Houston Wire & Cable Company (the “Company”), through its wholly owned subsidiaries, HWC Wire & Cable Company, Advantage Wire & Cable and Cable Management Services Inc., provides industrial products to the U.S. market through twenty-one locations in fourteen states throughout the United States. In 2010, the Company purchased Southwest Wire Rope LP (“Southwest”), its general partner Southwest Wire Rope GP LLC and its wholly owned subsidiary, Southern Wire (“Southern”) and subsequently merged them into the Company’s operating subsidiary. On October 3, 2016, the Company purchased Vertex Corporate Holdings, Inc. and its subsidiaries (“Vertex”). The Company has no other business activity. Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared following accounting principles generally accepted in the United States (“GAAP”) and the requirements of the Securities and Exchange Commission (“SEC”). The financial statements include all normal and recurring adjustments that are necessary for a fair presentation of the Company’s financial position and operating results. All significant inter-company balances and transactions have been eliminated. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The most significant estimates are those relating to the allowance for doubtful accounts, the reserve for returns and allowances, the inventory obsolescence reserve, vendor rebates, the realization of deferred tax assets and the valuation of goodwill and indefinite-lived assets. Actual results could differ materially from the estimates and assumptions used for the preparation of the financial statements. Earnings (loss) per Share Basic earnings (loss) per share are calculated by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share include the dilutive effects of option and unvested restricted stock awards and units. The following reconciles the denominator used in the calculation of diluted earnings (loss) per share: Year Ended December 31, 2017 2016 2015 Denominator: Weighted average common shares for basic earnings per share 16,269,611 16,345,679 17,012,560 Effect of dilutive securities — — 55,033 Denominator for diluted earnings per share 16,269,611 16,345,679 17,067,593 The Company calculates earnings per share using the “two-class” method, whereby unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are “participating securities”, as discussed in Note 9, and therefore, these participating securities are treated as a separate class in computing earnings per share. Stock awards to purchase 808,391, 685,054 and 643,738 shares of common stock were not included in the diluted net income (loss) per share calculation for 2017, 2016 and 2015, respectively, as their inclusion would have been anti-dilutive. Accounts Receivable Accounts receivable consists primarily of receivables from customers, less an allowance for doubtful accounts of $0.2 million at December 31, 2017 and 2016, and a reserve for returns and allowances of $0.4 million and $0.2 million at December 31, 2017 and 2016, respectively. The Company has no contractual repurchase arrangements with its customers. Credit losses have been within management’s expectations. The following table summarizes the changes in the allowance for doubtful accounts for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 151 $ 132 $ 139 Bad debt expense 68 285 97 Write-offs, net of recoveries (47 ) (266 ) (104 ) Balance at end of year $ 172 $ 151 $ 132 Inventories Inventories are carried at the lower of cost, using the average cost method, and net realizable value and consist primarily of goods purchased for resale, less a reserve for obsolescence and unusable items and unamortized vendor rebates. The reserve for inventory is based upon a number of factors, including the experience of the purchasing and sales departments, age of the inventory, new product offerings, and other factors. The reserve for inventory may periodically require adjustment as the factors identified above change. The inventory reserve was $3.9 million and $4.4 million at December 31, 2017 and 2016, respectively. The following table summarizes the changes in the inventory reserves for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 4,366 $ 4,829 $ 4,478 Provision for inventory write-downs 34 93 397 Deduction for inventory write-offs (475 ) (556 ) (46 ) Balance at end of year $ 3,925 $ 4,366 $ 4,829 Vendor Rebates Under many of the Company’s arrangements with its vendors, the Company receives a rebate of a specified amount of consideration, payable when the Company achieves any of a number of measures, generally related to the volume level of purchases from the vendors. The Company accounts for such rebates as a reduction of the prices of the vendors’ products and therefore as a reduction of inventory until it sells the products, at which time such rebates reduce cost of sales in the accompanying consolidated statements of operations. Throughout the year, the Company estimates the amount of the rebates earned based on purchases to date relative to the total purchase levels expected to be achieved during the rebate period. The Company continually revises these estimates to reflect rebates expected to be earned based on actual purchase levels and forecasted purchase volumes for the remainder of the rebate period. Property and Equipment The Company provides for depreciation on a straight-line method over the following estimated useful lives: Buildings 25 to 30 years Machinery and equipment 3 to 10 years Leasehold improvements are depreciated over their estimated life or the term of the lease, whichever is shorter. Total depreciation expense was approximately $1.4 million, $1.3 million and $1.2 million for the years ended December 31, 2017, 2016 and 2015, respectively. Goodwill Goodwill represents the excess of the amount paid to acquire businesses over the estimated fair value of tangible assets and identifiable intangible assets acquired, less liabilities assumed. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. At December 31, 2017, the goodwill balance was $22.4 million, representing 11.5% of the Company’s total assets. The Company conducts impairment testing for goodwill annually in the fourth quarter of its fiscal year and more frequently, on an interim basis, when an event occurs or circumstances change that indicate that the fair value of a reporting unit may have declined below its carrying value. Events or circumstances which could indicate a probable impairment include, but are not limited to, financial performance, industry and market conditions, macroeconomic conditions, reporting unit-specific events, historical results of goodwill impairment testing and the timing of the last performance of a quantitative assessment. The Company tests goodwill at the reporting unit level, which is defined as an operating segment or one level below an operating segment that constitutes a business for which financial information is available and is regularly reviewed by management. The Company determined that it has four reporting units for this purpose. Before testing goodwill, the Company considers whether or not to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount and whether an impairment test is required. Intangibles Intangible assets, from the acquisition of Southwest and Southern in 2010 and the acquisition of Vertex in October 2016, consist of customer relationships and tradenames. The customer relationships are amortized over 6 to 9 year useful lives. If events or circumstances were to indicate that any of the Company’s definite-lived intangible assets might be impaired, the Company would assess recoverability based on the estimated undiscounted future cash flows to be generated from the applicable intangible asset. If the undiscounted cash flows were less than the carrying value, then the intangible assets would be written down to their fair value. Tradenames have an indefinite life and are not being amortized and are tested for impairment on an annual basis. Self Insurance The Company retains certain self-insurance risks for both health benefits and property and casualty insurance programs. The Company limits its exposure to these self-insurance risks by maintaining excess and aggregate liability coverage. Self-insurance reserves are established based on claims filed and estimates of claims incurred but not reported. The estimates are based on information provided to the Company by its claims administrators. Segment Reporting The Company operates in a single operating and reportable segment, sales of industrial products, including electrical and mechanical wire and cable, industrial fasteners, hardware and related services to the U.S. market. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM makes operational and resource decisions based on company-wide sales and margin performance compared to the established strategic goals of the Company. Revenue Recognition, Returns & Allowances The Company recognizes revenue when the following four basic criteria have been met: 1. Persuasive evidence of an arrangement exists; 2. Delivery has occurred or services have been rendered; 3. The seller’s price to the buyer is fixed or determinable; and 4. Collectability is reasonably assured. The Company records revenue when customers take delivery of products. Customers may pick up products at any distribution center location, or products may be delivered via third party carriers. Products shipped via third party carriers are considered delivered based on the shipping terms, which are generally FOB shipping point. Customers are permitted to return product only on a case-by-case basis. Product exchanges are handled as a credit, with any replacement item being re-invoiced to the customer. Customer returns are recorded as an adjustment to sales. In the past, customer returns have not been material. The Company has no installation obligations. The Company may offer sales incentives, which are accrued monthly as an adjustment to sales. Shipping and Handling The Company incurs shipping and handling costs in the normal course of business. Freight amounts invoiced to customers are included as sales, and freight charges are included as a component of cost of sales. Credit Risk No single customer accounted for 10% or more of the Company’s sales in 2017, 2016 or 2015. The Company performs periodic credit evaluations of its customers and generally does not require collateral. Advertising Costs Advertising costs are expensed when incurred. Advertising expenses were $0.5 million for the year ended December 31, 2017 and $0.4 million for each of the years ended December 31, 2016 and 2015. Financial Instruments The carrying values of accounts receivable, trade accounts payable and accrued and other current liabilities approximate fair value, due to the short maturity of these instruments. The carrying amount of long term debt approximates fair value as it bears interest at variable rates. Recent Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC”) is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standard Update ("ASU") to communicate changes to the codification. The Company considers the applicability and impact of all ASUs. The following are those ASUs that are relevant to the Company. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of 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. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and are effective for annual and interim periods beginning after December 15, 2017. The Company will adopt this ASU effective January 1, 2018 using the modified retrospective method. The Company has substantially completed its evaluation and has concluded that the adoption of this ASU does not materially change the timing of our revenue recognition and does not have a material impact on the consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting.” The amendments in this update provide guidance about which changes to the terms and conditions of a share-based payment award, require the application of modification accounting. This update is effective for public companies for annual periods beginning after December 15, 2017. The Company is still reviewing the implications of this ASU, but based on current information, does not believe that the adoption will have a material impact on its results of operations. In March 2017, the FASB issued ASU No. 2017-07, “Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost. This update is effective for public companies for annual periods beginning after December 15, 2017. The Company has concluded that the adoption of this ASU will not have a material impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendment in this ASU provides final guidance that simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under ASC 350. ASU No. 2017-04 is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting, as well as the timing of when it will adopt, this ASU. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” The amendments in this ASU address eight cash flow issues with the intention of reducing current diversity in practice among business entities. ASU No. 2016-15 is effective for annual and interim periods beginning after December 15, 2017; early adoption is permitted and should be applied retrospectively where practical. The Company adopted this guidance in the third quarter of 2016 and has applied it retrospectively. It did not have a material impact on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Under the new guidance, a lessee will be required to recognize a lease liability and a right-to-use asset for leases greater than one year, both financing and operating leases. This update is effective for public companies for fiscal years beginning after December 15, 2018 with early adoption permitted. This guidance will apply beginning January 2019, which is when the Company plans to adopt this ASU. The Company expects the adoption of this ASU will lead to a material increase in the assets and liabilities recorded on its Consolidated Balance Sheet. Stock-Based Compensation Stock options issued under the Company’s 2006 stock plan have an exercise price equal to the fair value of the Company’s stock on the grant date. Restricted stock awards, units and cash awards are valued at the closing price of the Company’s stock on the grant date. The Company recognizes compensation expense ratably over the vesting period. The Company’s stock-based compensation expense is included in salaries and commissions expense in the accompanying consolidated statements of operations. The Company receives a tax deduction for certain stock option exercises in the period in which the options are exercised, generally for the excess of the market price on the date of exercise over the exercise price of the options. The Company reports excess tax benefits from the award of equity instruments as financing cash flows. Excess tax benefits result when a deduction reported for tax return purposes for an award of equity instruments exceeds the cumulative compensation cost for the instruments recognized for financial reporting purposes. Income Taxes Deferred tax assets and liabilities are determined based on differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company establishes a valuation allowance to reduce the deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the ability to realize deferred tax assets, the Company considers all available positive and negative evidence, in determining whether, based on the weight of that evidence, a valuation allowance is needed for some or all of the deferred tax assets. In determining the need for a valuation allowance on the Company’s deferred tax assets the Company places greater weight on recent and objectively verifiable current information, as compared to more forward-looking information that is used in valuing other assets on the balance sheet. The Company has considered taxable income in prior carryback years future reversals of existing taxable temporary differences, future taxable income, and tax planning strategies in assessing the need for the valuation allowance.

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2017
Business Combination, Description [Abstract]
Business Combination	2. Business Combination On October 3, 2016, the Company completed the acquisition of Vertex from DXP Enterprises. The acquisition has been accounted for in accordance with ASC Topic 805, Business Combinations. Accordingly, the total purchase price has been allocated to the assets acquired and liabilities assumed based on their fair values as of the acquisition date. Vertex is a master distributor of industrial fasteners, specializing in corrosion resistant and specialty alloy inch and metric threaded fasteners, rivets, and hose clamps, to the industrial market. Under the terms of the acquisition agreement, the purchase price was $32.3 million, subject to an adjustment based on the net working capital of Vertex as of the date of closing. On May 2, 2017, the Company and DXP Enterprises finalized the working capital adjustment resulting in a final purchase price of $32.2 million. The Company treated the acquisition as a stock purchase for tax purposes. The amount of goodwill deductible for tax purposes is $1.0 million. The acquisition was funded by borrowing under the Company’s loan agreement. This acquisition expanded the Company’s product offerings to the industrial marketplace that purchases its wire and cable products. During the third quarter 2017, the Company finalized its analysis of assets acquired and liabilities assumed, including accounts receivable, inventories and leases. The following table summarizes the final fair value of the acquired assets and assumed liabilities recorded as of the date of acquisition: At October 3, 2016 (In thousands) Cash $ 3 Accounts receivable 2,874 Inventories 15,006 Prepaids 46 Property and equipment 59 Intangibles 9,161 Goodwill 9,849 Other assets 116 Total assets acquired 37,114 Trade accounts payable 1,134 Accrued and other current liabilities 1,051 Long-term obligation 320 Deferred income taxes 2,432 Total liabilities assumed 4,937 Net assets purchased $ 32,177 The fair values of the assets acquired and liabilities assumed were determined using the market, income and cost approaches. The market approach used by the Company included prices at which comparable assets were purchased under similar circumstances. The income approach indicated value for the subject net assets based on the present value of cash flows projected to be generated by the net assets over their useful life. Projected cash flows were discounted at a market rate of return that reflected the relative risk associated with the asset and the time value of money. The cost approach estimated value by determining the current cost of replacing the asset with another of equivalent economic utility. The cost to replace a given asset reflected the estimated reproduction or replacement cost for the asset, less an allowance for loss in value due to depreciation. Intangible assets acquired consist of customer relationships - $7.0 million and trade names - $2.1 million. Trade names are not being amortized, while customer relationships are being amortized over a 9 year useful life. As of December 31, 2017, accumulated amortization on the acquired intangible assets was $1.0 million, and amortization expense for the year ended December 31, 2017 was $0.8 million. Amortization expense to be recognized on the acquired intangible assets is expected to be $0.8 million per year in 2018 through 2024 and $0.6 million in 2025. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the acquisition consists primarily of sales and operational synergies that will be achieved by consolidating certain of Vertex’s locations into existing Company locations and expanding Vertex’s product offerings throughout the balance of the Company’s national platform. The long-term obligation represents the unfavorable lease terms relative to market, and is being amortized over the remaining term of the lease, which was 66 months at December 31, 2017. Under ASC Topic 805-10, acquisition-related costs (e.g. legal, valuation and advisory) are not included as a component of consideration paid, but are accounted for as operating expenses in the periods in which the costs are incurred. For the year ended December 31, 2016, the Company incurred $0.9 million of acquisition-related costs, which were recorded in other operating expenses on the statement of operations. In the year ended December 31, 2017 no acquisition-related costs were incurred.

Detail of Selected Balance Shee

Detail of Selected Balance Sheet Accounts	12 Months Ended
	Dec. 31, 2017
Detail Of Selected Balance Sheet Accounts Details 4
Detail of Selected Balance Sheet Accounts	3. Detail of Selected Balance Sheet Accounts Property and Equipment Property and equipment are stated at cost and consist of: At December 31, 2017 2016 (In thousands) Land $ 2,476 $ 2,476 Buildings 8,207 8,105 Machinery and equipment 14,165 12,934 24,848 23,515 Less accumulated depreciation 13,493 12,254 Total $ 11,355 $ 11,261 Intangible assets Intangible assets consist of: At December 31, 2017 2016 (In thousands) Tradenames $ 5,996 $ 5,996 Customer relationships 18,620 18,620 24,616 24,616 Less accumulated amortization: Tradenames — — Customer relationships 12,601 11,238 12,601 11,238 Total $ 12,015 $ 13,378 Intangible assets include customer relationships which are being amortized over 7 to 9 year useful lives. The weighted average amortization period for intangible assets is 8.0 years. Tradenames have an indefinite life and are not amortized; however, they are tested annually for impairment. As of December 31, 2017, accumulated amortization on the acquired intangible assets was $12.6 million, and amortization expense was $1.4 million in the year ended December 31, 2017, $1.7 million in the year ended December 31, 2016 and $1.8 million in the year ended December 31, 2015. Future amortization expense to be recognized on the acquired intangible assets is expected to be as follows: Annual (In thousands) 2018 $ 777 2019 777 2020 777 2021 777 2022 777 2023 777 2024 777 2025 583 Goodwill At December 31, 2017 2016 (In thousands) Balance at beginning of year $ 22,770 $ 25,082 Current year acquisitions — 10,266 22,770 35,348 Less accumulated impairment losses — 12,578 Less purchase price adjustment 417 — Balance at end of year $ 22,353 $ 22,770 Accrued and Other Current Liabilities Accrued and other current liabilities consist of: At December 31, 2017 2016 (In thousands) Customer rebates $ 5,648 $ 3,343 Payroll, commissions, and bonuses 3,056 1,783 Accrued inventory purchases 4,796 4,268 Property taxes 943 1,243 Freight 318 514 Other 2,062 2,097 Total $ 16,823 $ 13,248

Impairment of Goodwill and Inta

Impairment of Goodwill and Intangibles	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Goodwill and Intangibles	4. Impairment of Goodwill and Intangibles The annual goodwill and intangibles impairment qualitative test was performed as of October 1, 2017 for the Southern, Southwest and Vertex reporting units. This qualitative test, which compared current year-to-date performance to plan, indicated that it was more likely than not that goodwill and the intangibles were not impaired. If there are future reductions in our market capitalization and market multiples, or a unit’s projected performance is not achieved, a reporting unit could be at risk of failing the second step in the future. During the second quarter of 2016 and prior to the annual impairment test of goodwill in October, the Company concluded that impairment indicators existed at the Houston Wire & Cable (“HWC”) reporting unit, due to a decline in its overall financial performance, decrease in the market capitalization and overall market demand. In the second quarter, the Company also concluded that there were impairment indicators for certain of the Company’s tradenames related to the Southern reporting unit. The Company performed step one of the impairment test and concluded that the fair value of the HWC reporting unit was less than its carrying value. Therefore, the Company performed step two of the impairment analysis. The step one test also indicated that one of the tradenames at Southern was impaired, and the Company recorded a non-cash charge of less than $0.1 million against the tradenames during the quarter ended June 30, 2016. Step two of the impairment analysis measured the impairment charge by allocating the HWC reporting unit’s fair value to all of the assets and liabilities of the reporting unit in a hypothetical analysis that calculated implied fair value of goodwill in the same manner as if the reporting unit was being acquired in a business combination and recording the deferred tax impact. Any excess of the carrying value of the reporting unit’s goodwill over the implied fair value of the reporting unit’s goodwill was recorded as an impairment loss. The fair value of the HWC reporting unit was estimated using a discounted cash flow model (income approach) and a guideline public company method, giving 50% weight to each. The material assumptions used included a weighted average cost of capital of 11.0% and a long-term growth rate of 3-7% for the income approach and an adjusted invested capital multiple of 0.2 times revenue and a control premium of 10.0% for the guideline public company method. The carrying value of the HWC reporting unit’s goodwill was $2.4 million and its implied fair value resulting from step two of the impairment test was zero. As a result, the Company recorded a non-cash goodwill impairment charge of $2.4 million during the quarter ended June 30, 2016. The fair values for goodwill and tradenames (indefinite-lived intangible assets) were both determined using a Level 3 measurement approach. The Level 3 value of all of the Company’s tradenames at June 30, 2016 was $4.5 million. The Company is still anticipating significant growth in the businesses acquired in 2010 and in 2016, but if this growth is not achieved, further goodwill impairments may result.

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	5. Debt On October 3, 2016, in connection with the Vertex acquisition, HWC Wire & Cable Company , the Company, Vertex, and Bank of America, N.A., as agent and lender, entered into a First Amendment (the “Loan Agreement Amendment”) amending the Fourth Amended and Restated Loan and Security Agreement (the “2015 Loan Agreement”). The Loan Agreement Amendment adds Vertex as borrower (and lien grantor) and provides the terms for inclusion of Vertex’s eligible accounts receivable and eligible inventory in the borrowing base for the 2015 Loan Agreement. The 2015 Loan Agreement was expanded to include incremental availability on eligible accounts receivable and inventory up to $5 million, which, starting April 1, 2017, is being amortized quarterly over two and a half years. The 2015 Loan Agreement provides a $100 million revolving credit facility and expires on September 30, 2020. Under certain circumstances the Company may request an increase in the commitment by an additional $50 million. Portions of the loan may be converted to LIBOR loans in minimum amounts of $1.0 million and integral multiples of $0.1 million. LIBOR loans bear interest at the British Bankers Association LIBOR Rate plus 100 to 150 basis points based on availability, and loans not converted to LIBOR loans bear interest at a fluctuating rate equal to the greatest of the agent’s prime rate, the federal funds rate plus 50 basis points, or 30-day LIBOR plus 150 basis points. The unused commitment fee is 25 basis points. Availability under the 2015 Loan Agreement is limited to a borrowing base equal to 85% of the value of eligible accounts receivable, plus the lesser of 70% of the value of eligible inventory or 90% of the net orderly liquidation value percentage of the value of eligible inventory, in each case less certain reserves. The 2015 Loan Agreement is secured by substantially all of the property of the Company, other than real estate. The 2015 Loan Agreement includes, among other things, covenants that require the Company to maintain a specified minimum fixed charge coverage ratio, unless certain availability levels exist. Additionally, the 2015 Loan Agreement allows for the unlimited payment of dividends and repurchases of stock, subject to the absence of events of default and maintenance of a fixed charge coverage ratio and/or minimum level of availability. The 2015 Loan Agreement contains certain provisions that may cause the debt to be classified as a current liability, in accordance with GAAP, if availability falls below certain thresholds, even though the ultimate maturity date under the loan agreement remains as September 30, 2020. At December 31, 2017, the Company was in compliance with the availability-based covenants governing its indebtedness. The Company’s borrowings at December 31, 2017 and 2016 were $73.6 million and $60.4 million, respectively. The weighted average interest rates on outstanding borrowings were 3.2% and 2.4% at December 31, 2017 and 2016, respectively. During 2017, the Company had an average available borrowing capacity of approximately $24.0 million. This average was computed from the monthly borrowing base certificates prepared for the lender. At December 31, 2017, the Company had available borrowing capacity of $23.0 million under the terms of the 2015 Loan Agreement. During each of the three years ended December 31, 2017, the Company paid, $0.1 million, $0.2 million and $0.2 million, respectively, for the unused facility. Principal repayment obligations for succeeding fiscal years are as follows: (In thousands) 2017 $ — 2018 — 2019 — 2020 73,555 Total $ 73,555

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes On December 22, 2017 the Tax Cuts and Jobs Act (“the Act”) was signed into law, making significant changes to the U.S. Internal Revenue Code. The major provisions include a corporate tax rate decrease from 35% to 21%, effective for years beginning after December 31, 2017, and changes in business-related exclusions and deductions. As a result of the reduction in the U.S. corporate tax rate, the Company re-measured its deferred income tax balances at December 31, 2017. The Company has recorded a best estimate of the impact of the Act in the year-end income tax provision and as a result has recorded provisional income tax expense of $0.3 million in the fourth quarter of 2017, the period in which the legislation was enacted. At December 31, 2017, the Company has not completed its accounting for the tax effects of the Act; however, for certain items, the Company has made a reasonable estimate of the effects on its existing deferred tax balances. The Company is still analyzing the Act and refining its calculations, which could potentially impact the measurement of the tax balances. The Company is also assessing the impact of the provisions of the Act which do not apply until 2018. Any subsequent adjustment to these estimates will be included in the current tax expense of future periods. The provision (benefit) for income taxes consists of: Year Ended December 31, 2017 2016 2015 (In thousands) Current: Federal $ 1,280 $ (1,285 ) $ 3,166 State 159 (95 ) 392 Total current 1,439 (1,380 ) 3,558 Deferred: Federal 1,259 13 (436 ) State 55 (7 ) (49 ) Total deferred 1,314 6 (485 ) Total $ 2,753 $ (1,374 ) $ 3,073 A reconciliation of the U.S. Federal statutory tax rate to the effective tax rate on income (loss) before taxes is as follows: Year Ended December 31, 2017 2016 2015 Federal statutory rate 35.0 % 35.0 % 35.0 % State taxes, net of federal benefit 4.2 1.7 4.1 Impairment, non-deductible portion — (6.6 ) 20.0 Share-based compensation 15.2 (9.0 ) 3.7 Non-deductible items 4.6 (3.9 ) 3.0 Valuation allowance 41.0 — — Tax reform rate change 12.9 — — Other (4.1 ) 1.4 (5.7 ) Total effective tax rate 108.8 % 18.6 % 60.1 % The share-based compensation resulted in incremental income tax expense, because the grant date fair value of share-based payments exceeded the actual tax deductions realized, either upon exercise or vesting or due to forfeitures. Any future net deficits arising from stock-based compensation transactions will result in incremental income tax expense, and will likely negatively impact the effective tax rate. In 2015, the other credit includes the impact of over accruals of both federal and state taxes in earlier years. The current year tax charge included $1.0 million for the impact of the valuation allowance. Significant components of the Company’s deferred taxes were as follows: Year Ended 2017 2016 (In thousands) Deferred tax assets: Uniform capitalization adjustment $ 1,272 $ 1,420 Inventory valuation 1,334 2,496 Accounts receivable valuation 51 159 Stock compensation expense 725 1,368 Property and equipment 62 145 Other 134 96 Total deferred tax assets 3,578 5,684 Deferred tax liabilities Goodwill 460 393 Intangibles 2,385 4,211 Other 109 188 Total deferred tax liabilities 2,954 4,792 Less: Valuation allowance 1,038 — Net deferred tax (liabilities)/assets $ (414 ) $ 892 The Company establishes a valuation allowance to reduce the deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized. In evaluating the ability to realize deferred tax assets, the Company considers all available positive and negative evidence, in determining whether, based on the weight of that evidence, a valuation allowance is needed for some or all of their deferred tax assets. In determining the need for a valuation allowance on the Company’s deferred tax assets the Company places greater weight on recent and objectively verifiable current information, as compared to more forward-looking information that is used in valuing other assets on the balance sheet. The Company has considered taxable income in prior carryback years, future reversals of existing taxable temporary differences, future taxable income, and tax planning strategies in assessing the need for the valuation allowance. If the Company was to determine that it would be able to realize the deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the valuation allowance, which would reduce the provision for income taxes. Due to the level of losses incurred in 2016, management believes that it is more-likely-than-not that the Company would not be able to realize all of the benefits of its deferred tax assets and accordingly recognized a valuation allowance of $1.0 million for the year ended December 31, 2017. The Company does not have any unrecognized tax benefits recorded at December 2017, 2016 and 2015. The Company recognizes interest on any tax issue as a component of interest expense and any related penalties in other operating expenses. As of December 31, 2017, 2016 and 2015, the Company recorded no provision for interest or penalties related to uncertain tax positions. The tax years 2013 through 2017 remain open to examination by the major taxing jurisdictions to which the Company is subject.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	7. Stockholders’ Equity On March 7, 2014, the Board of Directors adopted a stock repurchase program under which the Company is authorized to purchase up to $25 million of its outstanding shares of common stock from time to time, depending on market conditions, trading activity, business conditions and other factors. Shares of stock purchased under the program are held as treasury shares and may be used to satisfy the exercise of options, issuance of restricted stock, to fund acquisitions or for other uses as authorized by the Board of Directors. In November 2016, the Board of Directors suspended purchases under the stock repurchase program. During 2016, the Company made repurchases under the stock repurchase program of 366,820 shares for a total cost of $2.2 million. Under the terms of the 2006 Stock Plan, the Company acquired 27,156 shares and 10,040 shares that were surrendered by the holders to pay withholding taxes in 2017 and 2016, respectively. The Company paid a quarterly cash dividend from August 2007 until August 2016, resulting in aggregate dividends in 2016 and 2015 of $2.5 million and $7.2 million, respectively. The Company is authorized to issue 5,000,000 shares of preferred stock, par value $.001 per share. The Board of Directors is authorized to fix the particular preferences, rights, qualifications and restrictions of each series of preferred stock. In connection with the adoption of a now terminated stockholder rights plan, the Board of Directors designated 100,000 shares as Series A Junior Participating Preferred Stock. No shares of preferred stock have been issued.

Retirement-related Benefits

Retirement-related Benefits	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Retirement-related Benefits	8. Retirement-related Benefits Defined Contribution Plan The Company maintains a combination profit-sharing plan and salary deferral plan for the benefit of its employees who are not covered by a collective bargaining agreement. Employees who are eligible to participate in the plan can contribute a percentage of their base compensation, up to the maximum percentage allowable not to exceed the limits U.S. of Internal Revenue Code Sections 401(k), 404, and 415, subject to the IRS-imposed dollar limit. Employee contributions are invested in certain equity and fixed-income securities, based on employee elections. The Company matches 100% of the first 1% of the employee’s contribution. The Company’s match for the years ended December 31, 2017, 2016 and 2015 was $0.2 million for each year. Defined Benefit Plan The Company has a non-contributory defined benefit pension plan for those current and former employees at its Vertex location in Attleboro, Massachusetts who are subject to a collective bargaining agreement under the PFI Union. Currently, there are fifteen active employees, fourteen retired and eight terminated employees, covered by the plan. The benefit provisions to participants of the defined benefit plan are calculated based on the number of years of service and an annual negotiated plan benefit per year of service. Annual compensation (or future compensation increases) is not used in calculating the benefit or future plan contributions. It is the Company’s policy to fund amounts for pensions sufficient to meet the minimum funding requirements set forth in applicable employee benefit laws, which currently approximate the benefit payments made each year. A total contribution of less than $0.1 million was made during the year. The current projected benefit obligation as of December 31, 2017 is $1.0 million. The discount rate used to determine the projected benefit obligation was 3.77%. The Company’s investment policy is to maximize the expected return for an acceptable level of risk. The expected long-term rate of return on plan assets, which was 5%, is based on a target allocation of assets, which is based on the goal of earning the highest rate of return while maintaining risk at acceptable levels. As of December 31, 2017, the target asset allocations for the defined benefit plan were 69% equity securities and 31% debt securities. The fair value of the assets of the defined benefit plan as of December 31, 2017 was $1.1 million, which consisted of $0.8 million of equity mutual funds and $0.3 million of fixed income – corporate bonds. The plan assets are all classified as Level 1 and as such have readily observable prices and therefore a reliable fair market value. The Company expects to contribute approximately $0.1 million to the defined benefit plan in 2018 and expects the annual benefit payments to be approximately $0.1 million per year.

Incentive Plans

Incentive Plans	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Plans	9. Incentive Plans On August 4, 2017, the Board of Directors approved the Houston Wire & Cable Company 2017 Stock Plan (the “2017 Plan”). The 2017 Plan provides for discretionary grants of stock options, stock awards, stock units and stock appreciation rights (SARs) to employees and directors up to a total of 1,000,000 shares. Shares issuable under the 2017 Plan may be authorized but unissued shares or treasury shares. If any award granted under the 2017 Plan expires, terminates or is forfeited or cancelled for any reason, the shares subject to the award will again be available for issuance. Any shares subject to an award that are delivered to the Company or withheld by the Company on behalf of a participant as payment for the award (including the exercise price of a stock option or SAR) or as payment for any withholding taxes due in connection with the award, or that are purchased by the Company with proceeds received from a stock option exercise, will not again be available for issuance. The 2017 Plan’s purpose is to attract and retain outstanding individuals as employees and directors of the Company and its subsidiaries and to provide them with additional incentive to expand and improve the Company's profits by giving them the opportunity to acquire or increase their proprietary interest in the Company. The Company will submit the 2017 Plan for approval by stockholders at the 2018 Annual Meeting. The 2017 Plan succeeded the Company’s 2006 Stock Plan (the “2006 Plan”), which expired on May 1, 2017. The types of equity awards previously authorized under the 2006 Plan did not significantly differ from those permitted under the 2017 Plan. Stock Option Awards The Company has granted options to purchase its common stock to employees and directors of the Company under the 2006 Plan at no less than the fair market value of the underlying stock on the date of grant. These options are granted for a term not exceeding ten years and may be forfeited in the event the employee or director terminates his or her employment or relationship with the Company. Options granted to employees generally vest over three to five years, and options granted to directors generally vest one year after the date of grant. Shares issued to satisfy the exercise of options may be newly issued shares or treasury shares. The plan contains anti-dilutive provisions that permit an adjustment of the number of shares of the Company’s common stock represented by each option for any change in capitalization. Compensation cost for options granted is charged to expense on a straight line basis over the term of the option. The fair value of each option awarded is estimated on the date of grant using a Black-Scholes option-pricing model. Expected volatilities are based on historical volatility of the Company’s stock and other factors. The expected life of options granted represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. There were no options granted in 2017 or 2016. All granted stock options have vested, with the last grant having an expiration date of December 20, 2021. The following summarizes stock option activity and related information: 2017 Options Weighted Aggregate Weighted Outstanding—Beginning of year 314 $ 13.85 $ — 3.28 Granted — — Exercised — — Forfeited (48 ) 12.89 Expired (43 ) 18.89 Outstanding—End of year 223 13.10 $ — 2.84 Exercisable—End of year 223 13.10 $ — 2.84 Weighted average fair value of options granted during 2017 $ — Weighted average fair value of options granted during 2016 $ — Weighted average fair value of options granted during 2015 $ — There was no excess tax benefit for the years ended December 31, 2017, 2016 and 2015. There were no options exercised in the years ended December 31, 2017 and 2016. The total intrinsic value of options exercised during the year ended December 31, 2015 was less than $0.1 million. There is no intrinsic value of options outstanding and exercisable as of December 31, 2017 as the closing stock price at the end of 2017 creates a negative intrinsic value. The total grant-date fair value of options vested during the years ended December 31, 2017, 2016 and 2015 was $0.2 million, $0.3 million and $0.1 million, respectively. Restricted Stock Awards, Restricted Stock Units and Cash Awards Liability (cash) awards Following the Annual Meeting of Stockholders on May 5, 2017, the Company approved the award of restricted stock units with a value of $60,000 to each non-employee director who was elected or re-elected, for an aggregate of 37,500 restricted stock units. Issuance of the restricted stock unit awards was subject to adoption of the 2017 Plan, as the Company’s 2006 Stock Plan expired on May 1, 2017. Each award of restricted stock units will vest at the date of the 2018 Annual Meeting of Stockholders. In addition, on August 4, 2017, the Company approved the award of 7,653 restricted stock units with a value of $45,000 to a newly elected non-employee director. Until the 2017 Plan has been approved by the Company’s stockholders, each restricted stock unit entitles the non-employee director to receive, at such time as the director’s service on the board terminates for any reason, a cash payment equal to the market value of one share of the Company’s common stock, together with dividend equivalents from the date of grant, at the time of payment. Following stockholder approval of the 2017 Plan, instead of such cash payment each non-employee director will be entitled to receive a number of shares of the Company’s common stock equal to the number of vested restricted stock units, together with dividend equivalents from the date of grant, at such time as the director’s service on the board terminates for any reason. At the time the awards vest, they will represent the right to receive shares of common stock. On August 4, 2017, the Company approved an award of restricted stock units with a value of $50,000 to a new member of senior management, based on the closing price on the date of grant. These units vest in one third increments, on the third, fourth and fifth anniversaries of the date of grant, as long as the recipient is still employed by the Company. Assuming the stockholders approve the Plan at the 2018 Annual Meeting, upon vesting each restricted stock unit will entitle the recipient to receive one share of the Company’s common stock, together with dividend equivalents from the date of grant. On December 11, 2017, the Board of Directors granted to the Company’s President and CEO 46,154 restricted stock units and an additional 46,154 performance stock units. The restricted stock units vest in equal thirds on December 11, 2018, 2019 and 2020. The performance stock units will vest on December 31, 2020 based on the Company’s achievement of cumulative EBITDA and stock price performance goals over a three-year period, as long as the recipient is then employed by the Company. Any dividends declared will be accrued and paid if and when the related units vest and are settled. In addition, on December 11, 2017, the Board of Directors also granted $330,000 of restricted stock units to members of management. These units vest in one third increments, on the third, fourth and fifth anniversaries of the date of grant, as long as the recipient is then employed by the Company. Any dividends declared will be accrued and paid if and when the related units vest and are settled. Until the 2017 Plan has been approved by the Company’s stockholders, each restricted stock unit may be settled only in cash. Following stockholder approval of the 2017 Plan, instead of a cash payment, upon vesting of a restricted stock unit, the recipient will be entitled to receive shares of the Company’s common stock. As long as they can be settled only in cash, the awards discussed above are liability awards and are required to be fair valued every quarter and any difference accounted for in the statement of operation. The fair value of these awards is $0.2 million as of December 31, 2017. Equity awards On January 30, 2017, the Board of Directors granted to the Company’s President and CEO 60,000 voting shares of restricted stock and performance stock units with respect to an additional 40,000 shares of common stock under the 2006 Plan. The 60,000 shares of restricted stock vest in one-third increments on January 30, 2018, December 19, 2018 and December 19, 2019, in each case as long as the recipient is then employed by the Company. The performance stock units vest on December 31, 2019 based on and subject to the Company’s achievement of cumulative EBITDA and stock price performance goals over a three-year period, as long as the recipient is then employed by the Company, and upon vesting will be settled in shares of the Company’s common stock. Any dividends declared will be accrued and paid if and when the related shares or units vest. Restricted common shares and restricted stock units are measured at fair value on the date of grant based on the quoted price of the common stock. Such value is recognized as compensation expense over the corresponding vesting period which ranges from one to five years, based on the number of awards that vest. The following summarizes restricted stock activity for the year ended December 31, 2017: 2017 Shares Units Shares Weighted Shares Weighted Non-vested —Beginning of year 299 $ 7.88 36 $ 7.04 Granted 60 7.50 40 7.50 Vested (94 ) 9.02 (36 ) 7.04 Cancelled/Forfeited (27 ) 7.94 — — Expired — — — — Non-vested —End of year 238 $ 7.33 40 $ 7.50 Total stock-based compensation cost was $1.2 million for the year ended December 31, 2017, of which $1.0 million was for equity awards and $0.2 million was for liability awards, and $0.9 million for each of the years ended December 31, 2016 and 2015. Total income tax benefit recognized for equity awards stock-based compensation arrangements was $0.2 million for the year ended December 31, 2017 and $0.3 million for each of the years ended December 31, 2016 and 2015. As of December 31, 2017, there was $2.2 million of total unrecognized compensation cost related to non-vested, share-based compensation arrangements, of which $1.3 million was for equity awards and $0.9 million was for liability awards. The cost for equity and liability awards is expected to be recognized over a weighted average period of approximately 28 months and 38 months, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies The Company has entered into operating leases, primarily for distribution centers and office facilities. These operating leases frequently include renewal options at the fair rental value at the time of renewal. For leases with step rent provisions, whereby the rental payments increase incrementally over the life of the lease, the Company recognizes the total minimum lease payments on a straight line basis over the minimum lease term. Facility rent expense was approximately $3.5 million in 2017, $2.6 million in 2016 and $2.5 million in 2015. Future minimum lease payments under non-cancelable operating leases with initial terms of one year or more consisted of the following at December 31, 2017: (In thousands) 2018 $ 3,631 2019 3,058 2020 2,401 2021 2,133 2022 1,955 Thereafter 1,306 Total minimum lease payments $ 14,484 The Company had aggregate purchase commitments for fixed inventory quantities of approximately $61.8 million at December 31, 2017. As part of the acquisition of Southwest and Southern in 2010, the Company assumed the liability for the post-remediation monitoring of the water quality at one of the acquired facilities in Louisiana. The expected liability of $0.1 million at December 31, 2017 relates to the cost of the monitoring, which the Company estimates will be incurred in the next year and also the cost to plug the wells. Remediation work was completed prior to the acquisition in accordance with the requirements of the Louisiana Department of Environmental Quality. The Company, along with many other defendants, has been named in a number of lawsuits in the state courts of Minnesota, North Dakota, and South Dakota alleging that certain wire and cable which may have contained asbestos caused injury to the plaintiffs who were exposed to this wire and cable. These lawsuits are individual personal injury suits that seek unspecified amounts of money damages as the sole remedy. It is not clear whether the alleged injuries occurred as a result of the wire and cable in question or whether the Company, in fact, distributed the wire and cable alleged to have caused any injuries. The Company maintains general liability insurance that, to date, has covered the defense of and all costs associated with these claims. In addition, the Company did not manufacture any of the wire and cable at issue, and the Company would rely on any warranties from the manufacturers of such cable if it were determined that any of the wire or cable that the Company distributed contained asbestos which caused injury to any of these plaintiffs. In connection with ALLTEL's sale of the Company in 1997, ALLTEL provided indemnities with respect to costs and damages associated with these claims that the Company believes it could enforce if its insurance coverage proves inadequate. There are no legal proceedings pending against or involving the Company that, in management’s opinion, based on the current known facts and circumstances, are expected to have a material adverse effect on the Company’s consolidated financial position, cash flows, or results from operations.

Select Quarterly Financial Data

Select Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Select Quarterly Financial Data (unaudited)	12. Select Quarterly Financial Data (unaudited) The following table presents the Company’s unaudited quarterly results of operations for each of the last eight quarters in the period ended December 31, 2017. The unaudited information has been prepared on the same basis as the audited consolidated financial statements. Year Ended December 31, 2017 Fourth Third Second First (in thousands, except per share data) Sales $ 82,146 $ 81,196 $ 75,646 $ 78,709 Gross profit $ 20,843 $ 18,570 $ 16,318 $ 16,931 Operating income (loss) $ 2,969 $ 2,047 $ (162 ) $ (250 ) Net income (loss) $ 1,996 $ (1,711 ) $ (54 ) $ (453 ) Earnings (loss) per share: Basic $ 0.12 (1) $ (0.11 ) $ (0.00 ) $ (0.03 ) Diluted $ 0.12 (1) $ (0.11 ) $ (0.00 ) $ (0.03 ) Year Ended December 31, 2016 Fourth Third Second First (in thousands, except per share data) Sales $ 69,257 $ 65,222 $ 62,454 $ 64,711 Gross profit $ 15,076 $ 12,045 $ 12,430 $ 13,399 Operating income (loss) $ (1,630 ) (2) $ (1,804 ) $ (3,062 ) (3) $ (39 ) Net income (loss) $ (1,826 ) (2) $ (1,439 ) $ (2,557 ) (3) $ (184 ) Earnings (loss) per share: Basic $ (0.11 ) (2) $ (0.09 ) $ (0.16 ) (3) $ (0.01 ) Diluted $ (0.11 ) (2) $ (0.09 ) $ (0.16 ) (3) $ (0.01 ) (1) The “two-class” method was used to calculate earnings per share which resulted in the same value. (2) During the fourth quarter of 2016, the Company recorded a charge of $483 of additional cost of sales expense that related to the first three quarters of 2016 and was immaterial to each quarter. (3) During the second quarter of 2016, the Company recorded a non-cash impairment charge of $2,384. See Note 4 for additional information.

Organization and Summary of S18

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Houston Wire & Cable Company (the “Company”), through its wholly owned subsidiaries, HWC Wire & Cable Company, Advantage Wire & Cable and Cable Management Services Inc., provides industrial products to the U.S. market through twenty-one locations in fourteen states throughout the United States. In 2010, the Company purchased Southwest Wire Rope LP (“Southwest”), its general partner Southwest Wire Rope GP LLC and its wholly owned subsidiary, Southern Wire (“Southern”) and subsequently merged them into the Company’s operating subsidiary. On October 3, 2016, the Company purchased Vertex Corporate Holdings, Inc. and its subsidiaries (“Vertex”). The Company has no other business activity.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared following accounting principles generally accepted in the United States (“GAAP”) and the requirements of the Securities and Exchange Commission (“SEC”). The financial statements include all normal and recurring adjustments that are necessary for a fair presentation of the Company’s financial position and operating results. All significant inter-company balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The most significant estimates are those relating to the allowance for doubtful accounts, the reserve for returns and allowances, the inventory obsolescence reserve, vendor rebates, the realization of deferred tax assets and the valuation of goodwill and indefinite-lived assets. Actual results could differ materially from the estimates and assumptions used for the preparation of the financial statements.
Earnings (loss) per Share	Earnings (loss) per Share Basic earnings (loss) per share are calculated by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share include the dilutive effects of option and unvested restricted stock awards and units. The following reconciles the denominator used in the calculation of diluted earnings (loss) per share: Year Ended December 31, 2017 2016 2015 Denominator: Weighted average common shares for basic earnings per share 16,269,611 16,345,679 17,012,560 Effect of dilutive securities — — 55,033 Denominator for diluted earnings per share 16,269,611 16,345,679 17,067,593 The Company calculates earnings per share using the “two-class” method, whereby unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are “participating securities”, as discussed in Note 9, and therefore, these participating securities are treated as a separate class in computing earnings per share. Stock awards to purchase 808,391, 685,054 and 643,738 shares of common stock were not included in the diluted net income (loss) per share calculation for 2017, 2016 and 2015, respectively, as their inclusion would have been anti-dilutive.
Accounts Receivable	Accounts Receivable Accounts receivable consists primarily of receivables from customers, less an allowance for doubtful accounts of $0.2 million at December 31, 2017 and 2016, and a reserve for returns and allowances of $0.4 million and $0.2 million at December 31, 2017 and 2016, respectively. The Company has no contractual repurchase arrangements with its customers. Credit losses have been within management’s expectations. The following table summarizes the changes in the allowance for doubtful accounts for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 151 $ 132 $ 139 Bad debt expense 68 285 97 Write-offs, net of recoveries (47 ) (266 ) (104 ) Balance at end of year $ 172 $ 151 $ 132
Inventories	Inventories Inventories are carried at the lower of cost, using the average cost method, and net realizable value and consist primarily of goods purchased for resale, less a reserve for obsolescence and unusable items and unamortized vendor rebates. The reserve for inventory is based upon a number of factors, including the experience of the purchasing and sales departments, age of the inventory, new product offerings, and other factors. The reserve for inventory may periodically require adjustment as the factors identified above change. The inventory reserve was $3.9 million and $4.4 million at December 31, 2017 and 2016, respectively. The following table summarizes the changes in the inventory reserves for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 4,366 $ 4,829 $ 4,478 Provision for inventory write-downs 34 93 397 Deduction for inventory write-offs (475 ) (556 ) (46 ) Balance at end of year $ 3,925 $ 4,366 $ 4,829
Vendor Rebates	Vendor Rebates Under many of the Company’s arrangements with its vendors, the Company receives a rebate of a specified amount of consideration, payable when the Company achieves any of a number of measures, generally related to the volume level of purchases from the vendors. The Company accounts for such rebates as a reduction of the prices of the vendors’ products and therefore as a reduction of inventory until it sells the products, at which time such rebates reduce cost of sales in the accompanying consolidated statements of operations. Throughout the year, the Company estimates the amount of the rebates earned based on purchases to date relative to the total purchase levels expected to be achieved during the rebate period. The Company continually revises these estimates to reflect rebates expected to be earned based on actual purchase levels and forecasted purchase volumes for the remainder of the rebate period.
Property and Equipment	Property and Equipment The Company provides for depreciation on a straight-line method over the following estimated useful lives: Buildings 25 to 30 years Machinery and equipment 3 to 10 years Leasehold improvements are depreciated over their estimated life or the term of the lease, whichever is shorter. Total depreciation expense was approximately $1.4 million, $1.3 million and $1.2 million for the years ended December 31, 2017, 2016 and 2015, respectively.
Goodwill	Goodwill Goodwill represents the excess of the amount paid to acquire businesses over the estimated fair value of tangible assets and identifiable intangible assets acquired, less liabilities assumed. Determining the fair value of assets acquired and liabilities assumed requires management’s judgment and often involves the use of significant estimates and assumptions, including assumptions with respect to future cash flows, discount rates and asset lives among other items. At December 31, 2017, the goodwill balance was $22.4 million, representing 11.5% of the Company’s total assets. The Company conducts impairment testing for goodwill annually in the fourth quarter of its fiscal year and more frequently, on an interim basis, when an event occurs or circumstances change that indicate that the fair value of a reporting unit may have declined below its carrying value. Events or circumstances which could indicate a probable impairment include, but are not limited to, financial performance, industry and market conditions, macroeconomic conditions, reporting unit-specific events, historical results of goodwill impairment testing and the timing of the last performance of a quantitative assessment. The Company tests goodwill at the reporting unit level, which is defined as an operating segment or one level below an operating segment that constitutes a business for which financial information is available and is regularly reviewed by management. The Company determined that it has four reporting units for this purpose. Before testing goodwill, the Company considers whether or not to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount and whether an impairment test is required.
Intangibles	Intangibles Intangible assets, from the acquisition of Southwest and Southern in 2010 and the acquisition of Vertex in October 2016, consist of customer relationships and tradenames. The customer relationships are amortized over 6 to 9 year useful lives. If events or circumstances were to indicate that any of the Company’s definite-lived intangible assets might be impaired, the Company would assess recoverability based on the estimated undiscounted future cash flows to be generated from the applicable intangible asset. If the undiscounted cash flows were less than the carrying value, then the intangible assets would be written down to their fair value. Tradenames have an indefinite life and are not being amortized and are tested for impairment on an annual basis.
Self Insurance	Self Insurance The Company retains certain self-insurance risks for both health benefits and property and casualty insurance programs. The Company limits its exposure to these self-insurance risks by maintaining excess and aggregate liability coverage. Self-insurance reserves are established based on claims filed and estimates of claims incurred but not reported. The estimates are based on information provided to the Company by its claims administrators.
Segment Reporting	Segment Reporting The Company operates in a single operating and reportable segment, sales of industrial products, including electrical and mechanical wire and cable, industrial fasteners, hardware and related services to the U.S. market. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM makes operational and resource decisions based on company-wide sales and margin performance compared to the established strategic goals of the Company.
Revenue Recognition, Returns & Allowances	Revenue Recognition, Returns & Allowances The Company recognizes revenue when the following four basic criteria have been met: 1. Persuasive evidence of an arrangement exists; 2. Delivery has occurred or services have been rendered; 3. The seller’s price to the buyer is fixed or determinable; and 4. Collectability is reasonably assured. The Company records revenue when customers take delivery of products. Customers may pick up products at any distribution center location, or products may be delivered via third party carriers. Products shipped via third party carriers are considered delivered based on the shipping terms, which are generally FOB shipping point. Customers are permitted to return product only on a case-by-case basis. Product exchanges are handled as a credit, with any replacement item being re-invoiced to the customer. Customer returns are recorded as an adjustment to sales. In the past, customer returns have not been material. The Company has no installation obligations. The Company may offer sales incentives, which are accrued monthly as an adjustment to sales.
Shipping and Handling	Shipping and Handling The Company incurs shipping and handling costs in the normal course of business. Freight amounts invoiced to customers are included as sales, and freight charges are included as a component of cost of sales.
Credit Risk	Credit Risk No single customer accounted for 10% or more of the Company’s sales in 2017, 2016 or 2015. The Company performs periodic credit evaluations of its customers and generally does not require collateral.
Advertising Costs	Advertising Costs Advertising costs are expensed when incurred. Advertising expenses were $0.5 million for the year ended December 31, 2017 and $0.4 million for each of the years ended December 31, 2016 and 2015.
Financial Instruments	Financial Instruments The carrying values of accounts receivable, trade accounts payable and accrued and other current liabilities approximate fair value, due to the short maturity of these instruments. The carrying amount of long term debt approximates fair value as it bears interest at variable rates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) Accounting Standards Codification (“ASC”) is the sole source of authoritative GAAP other than SEC issued rules and regulations that apply only to SEC registrants. The FASB issues an Accounting Standard Update ("ASU") to communicate changes to the codification. The Company considers the applicability and impact of all ASUs. The following are those ASUs that are relevant to the Company. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC Topic 605, “Revenue Recognition,” and most industry-specific guidance. This ASU is based on the principle that revenue is recognized to depict the transfer of 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. The ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments, and assets recognized from costs incurred to obtain or fulfill a contract. The amendments in the ASU must be applied using one of two retrospective methods and are effective for annual and interim periods beginning after December 15, 2017. The Company will adopt this ASU effective January 1, 2018 using the modified retrospective method. The Company has substantially completed its evaluation and has concluded that the adoption of this ASU does not materially change the timing of our revenue recognition and does not have a material impact on the consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting.” The amendments in this update provide guidance about which changes to the terms and conditions of a share-based payment award, require the application of modification accounting. This update is effective for public companies for annual periods beginning after December 15, 2017. The Company is still reviewing the implications of this ASU, but based on current information, does not believe that the adoption will have a material impact on its results of operations. In March 2017, the FASB issued ASU No. 2017-07, “Compensation – Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost. This update is effective for public companies for annual periods beginning after December 15, 2017. The Company has concluded that the adoption of this ASU will not have a material impact on the consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.” The amendment in this ASU provides final guidance that simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under ASC 350. ASU No. 2017-04 is effective for annual and interim impairment tests performed in periods beginning after December 15, 2019. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is currently evaluating the impact of adopting, as well as the timing of when it will adopt, this ASU. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” The amendments in this ASU address eight cash flow issues with the intention of reducing current diversity in practice among business entities. ASU No. 2016-15 is effective for annual and interim periods beginning after December 15, 2017; early adoption is permitted and should be applied retrospectively where practical. The Company adopted this guidance in the third quarter of 2016 and has applied it retrospectively. It did not have a material impact on the consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” Under the new guidance, a lessee will be required to recognize a lease liability and a right-to-use asset for leases greater than one year, both financing and operating leases. This update is effective for public companies for fiscal years beginning after December 15, 2018 with early adoption permitted. This guidance will apply beginning January 2019, which is when the Company plans to adopt this ASU. The Company expects the adoption of this ASU will lead to a material increase in the assets and liabilities recorded on its Consolidated Balance Sheet.
Stock-Based Compensation	Stock-Based Compensation Stock options issued under the Company’s 2006 stock plan have an exercise price equal to the fair value of the Company’s stock on the grant date. Restricted stock awards, units and cash awards are valued at the closing price of the Company’s stock on the grant date. The Company recognizes compensation expense ratably over the vesting period. The Company’s stock-based compensation expense is included in salaries and commissions expense in the accompanying consolidated statements of operations. The Company receives a tax deduction for certain stock option exercises in the period in which the options are exercised, generally for the excess of the market price on the date of exercise over the exercise price of the options. The Company reports excess tax benefits from the award of equity instruments as financing cash flows. Excess tax benefits result when a deduction reported for tax return purposes for an award of equity instruments exceeds the cumulative compensation cost for the instruments recognized for financial reporting purposes.
Income Taxes	Income Taxes Deferred tax assets and liabilities are determined based on differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company establishes a valuation allowance to reduce the deferred tax assets when it is more likely than not that some or all of the deferred tax assets will not be realized. In evaluating the ability to realize deferred tax assets, the Company considers all available positive and negative evidence, in determining whether, based on the weight of that evidence, a valuation allowance is needed for some or all of the deferred tax assets. In determining the need for a valuation allowance on the Company’s deferred tax assets the Company places greater weight on recent and objectively verifiable current information, as compared to more forward-looking information that is used in valuating other assets on the balance sheet. The Company has considered taxable income in prior carryback year’s future reversals of existing taxable temporary differences, future taxable income, and tax planning strategies in assessing the need for the valuation allowance.

Organization and Summary of S19

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of diluted earnings per share	The following reconciles the denominator used in the calculation of diluted earnings (loss) per share: Year Ended December 31, 2017 2016 2015 Denominator: Weighted average common shares for basic earnings per share 16,269,611 16,345,679 17,012,560 Effect of dilutive securities — — 55,033 Denominator for diluted earnings per share 16,269,611 16,345,679 17,067,593
Schedule of changes in the allowance for doubtful accounts	The following table summarizes the changes in the allowance for doubtful accounts for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 151 $ 132 $ 139 Bad debt expense 68 285 97 Write-offs, net of recoveries (47 ) (266 ) (104 ) Balance at end of year $ 172 $ 151 $ 132
Schedule of change in inventory reserve	The following table summarizes the changes in the inventory reserves for the past three years: 2017 2016 2015 (In thousands) Balance at beginning of year $ 4,366 $ 4,829 $ 4,478 Provision for inventory write-downs 34 93 397 Deduction for inventory write-offs (475 ) (556 ) (46 ) Balance at end of year $ 3,925 $ 4,366 $ 4,829
Schedule of estimated useful lives	The Company provides for depreciation on a straight-line method over the following estimated useful lives: Buildings 25 to 30 years Machinery and equipment 3 to 10 years

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combination, Description [Abstract]
Schedule of current estimated fair value of the acquired assets and assumed liabilities	The following table summarizes the final fair value of the acquired assets and assumed liabilities recorded as of the date of acquisition: At October 3, 2016 (In thousands) Cash $ 3 Accounts receivable 2,874 Inventories 15,006 Prepaids 46 Property and equipment 59 Intangibles 9,161 Goodwill 9,849 Other assets 116 Total assets acquired 37,114 Trade accounts payable 1,134 Accrued and other current liabilities 1,051 Long-term obligation 320 Deferred income taxes 2,432 Total liabilities assumed 4,937 Net assets purchased $ 32,177

Detail of Selected Balance Sh21

Detail of Selected Balance Sheet Accounts (Tables)	12 Months Ended
	Dec. 31, 2017
Detail Of Selected Balance Sheet Accounts Details 4
Schedule of property and equipment	Property and equipment are stated at cost and consist of: At December 31, 2017 2016 (In thousands) Land $ 2,476 $ 2,476 Buildings 8,207 8,105 Machinery and equipment 14,165 12,934 24,848 23,515 Less accumulated depreciation 13,493 12,254 Total $ 11,355 $ 11,261
Schedule of intangible assets	Intangible assets consist of: At December 31, 2017 2016 (In thousands) Tradenames $ 5,996 $ 5,996 Customer relationships 18,620 18,620 24,616 24,616 Less accumulated amortization: Tradenames — — Customer relationships 12,601 11,238 12,601 11,238 Total $ 12,015 $ 13,378
Schedule of future amortization expense on intangible assets	Future amortization expense to be recognized on the acquired intangible assets is expected to be as follows: Annual (In thousands) 2018 $ 777 2019 777 2020 777 2021 777 2022 777 2023 777 2024 777 2025 583
Schedule of goodwill	At December 31, 2017 2016 (In thousands) Balance at beginning of year $ 22,770 $ 25,082 Current year acquisitions — 10,266 22,770 35,348 Less accumulated impairment losses — 12,578 Less purchase price adjustment 417 — Balance at end of yea $ 22,353 $ 22,770
Schedule of accrued and other current liabilities	Accrued and other current liabilities consist of: At December 31, 2017 2016 (In thousands) Customer rebates $ 5,648 $ 3,343 Payroll, commissions, and bonuses 3,056 1,783 Accrued inventory purchases 4,796 4,268 Property taxes 943 1,243 Freight 318 514 Other 2,062 2,097 Total $ 16,823 $ 13,248

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of principal repayment obligations	Principal repayment obligations for succeeding fiscal years are as follows: (In thousands) 2017 $ — 2018 — 2019 — 2020 73,555 Total $ 73,555

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of provision (benefit) for income taxes	The provision (benefit) for income taxes consists of: Year Ended December 31, 2017 2016 2015 (In thousands) Current: Federal $ 1,280 $ (1,285 ) $ 3,166 State 159 (95 ) 392 Total current 1,439 (1,380 ) 3,558 Deferred: Federal 1,259 13 (436 ) State 55 (7 ) (49 ) Total deferred 1,314 6 (485 ) Total $ 2,753 $ (1,374 ) $ 3,073
Schedule of reconciliation effective tax rate	A reconciliation of the U.S. Federal statutory tax rate to the effective tax rate on income (loss) before taxes is as follows: Year Ended December 31, 2017 2016 2015 Federal statutory rate 35.0 % 35.0 % 35.0 % State taxes, net of federal benefit 4.2 1.7 4.1 Impairment, non-deductible portion — (6.6 ) 20.0 Share-based compensation 15.2 (9.0 ) 3.7 Non-deductible items 4.6 (3.9 ) 3.0 Valuation allowance 41.0 — — Tax reform rate change 12.9 — — Other (4.1 ) 1.4 (5.7 ) Total effective tax rate 108.8 % 18.6 % 60.1 %
Schedule of deferred taxes	Significant components of the Company’s deferred taxes were as follows: Year Ended 2017 2016 (In thousands) Deferred tax assets: Uniform capitalization adjustment $ 1,272 $ 1,420 Inventory valuation 1,334 2,496 Accounts receivable valuation 51 159 Stock compensation expense 725 1,368 Property and equipment 62 145 Other 134 96 Total deferred tax assets 3,578 5,684 Deferred tax liabilities Goodwill 460 393 Intangibles 2,385 4,211 Other 109 188 Total deferred tax liabilities 2,954 4,792 Less: Valuation allowance 1,038 — Net deferred tax (liabilities)/assets $ (414 ) $ 892

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option activity	All granted stock options have vested, with the last grant having an expiration date of December 20, 2021. The following summarizes stock option activity and related information: 2017 Options Weighted Aggregate Weighted Outstanding—Beginning of year 314 $ 13.85 $ — 3.28 Granted — — Exercised — — Forfeited (48 ) 12.89 Expired (43 ) 18.89 Outstanding—End of year 223 13.10 $ — 2.84 Exercisable—End of year 223 13.10 $ — 2.84 Weighted average fair value of options granted during 2017 $ — Weighted average fair value of options granted during 2016 $ — Weighted average fair value of options granted during 2015 $ —
Schedule of restricted stock activity	The following summarizes restricted stock activity for the year ended December 31, 2017: 2017 Shares Units Shares Weighted Shares Weighted Non-vested —Beginning of year 299 $ 7.88 36 $ 7.04 Granted 60 7.50 40 7.50 Vested (94 ) 9.02 (36 ) 7.04 Cancelled/Forfeited (27 ) 7.94 — — Expired — — — — Non-vested —End of year 238 $ 7.33 40 $ 7.50

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments on operatin lease	Future minimum lease payments under non-cancelable operating leases with initial terms of one year or more consisted of the following at December 31, 2017: (In thousands) 2018 $ 3,631 2019 3,058 2020 2,401 2021 2,133 2022 1,955 Thereafter 1,306 Total minimum lease payments $ 14,484

Select Quarterly Financial Da26

Select Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of unaudited quarterly results of operations	The unaudited information has been prepared on the same basis as the audited consolidated financial statements. Year Ended December 31, 2017 Fourth Third Second First (in thousands, except per share data) Sales $ 82,146 $ 81,196 $ 75,646 $ 78,709 Gross profit $ 20,843 $ 18,570 $ 16,318 $ 16,931 Operating income (loss) $ 2,969 $ 2,047 $ (162 ) $ (250 ) Net income (loss) $ 1,996 $ (1,711 ) $ (54 ) $ (453 ) Earnings (loss) per share: Basic $ 0.12 (1) $ (0.11 ) $ (0.00 ) $ (0.03 ) Diluted $ 0.12 (1) $ (0.11 ) $ (0.00 ) $ (0.03 ) Year Ended December 31, 2016 Fourth Third Second First (in thousands, except per share data) Sales $ 69,257 $ 65,222 $ 62,454 $ 64,711 Gross profit $ 15,076 $ 12,045 $ 12,430 $ 13,399 Operating income (loss) $ (1,630 ) (2) $ (1,804 ) $ (3,062 ) (3) $ (39 ) Net income (loss) $ (1,826 ) (2) $ (1,439 ) $ (2,557 ) (3) $ (184 ) Earnings (loss) per share: Basic $ (0.11 ) (2) $ (0.09 ) $ (0.16 ) (3) $ (0.01 ) Diluted $ (0.11 ) (2) $ (0.09 ) $ (0.16 ) (3) $ (0.01 ) (1) The “two-class” method was used to calculate earnings per share which resulted in the same value. (2) During the fourth quarter of 2016, the Company recorded a charge of $483 of additional cost of sales expense that related to the first three quarters of 2016 and was immaterial to each quarter. (3) During the second quarter of 2016, the Company recorded a non-cash impairment charge of $2,384. See Note 4 for additional information.

Organization and Summary of S27

Organization and Summary of Significant Accounting Policies (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Denominator:
Weighted average common shares for basic earnings per share	16,269,611	16,345,679	17,012,560
Effect of dilutive securities			55,033
Denominator for diluted earnings per share	16,269,611	16,345,679	17,067,593

Organization and Summary of S28

Organization and Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 151	$ 132	$ 139
Bad debt expense	68	285	97
Write-offs, net of recoveries	(47)	(266)	(104)
Balance at end of year	$ 172	$ 151	$ 132

Organization and Summary of S29

Organization and Summary of Significant Accounting Policies (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Changes in the inventory reserves [Roll Forward]
Balance at beginning of year	$ 4,366	$ 4,829	$ 4,478
Provision for inventory write-downs	34	93	397
Deduction for inventory write-offs	(475)	(556)	(46)
Balance at end of year	$ 3,925	$ 4,366	$ 4,829

Organization and Summary of S30

Organization and Summary of Significant Accounting Policies (Details 3)	12 Months Ended
	Dec. 31, 2017
Building [Member] | Minimum [Member]
Estimated useful lives	25 years
Building [Member] | Maximum [Member]
Estimated useful lives	30 years
Machinery & Equipment [Member] | Minimum [Member]
Estimated useful lives	3 years
Machinery & Equipment [Member] | Maximum [Member]
Estimated useful lives	10 years

Organization and Summary of S31

Organization and Summary of Significant Accounting Policies (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Segmentshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)
Options to purchase common stock | shares	808,391	685,054	643,738
Allowance for doubtful accounts	$ 172	$ 151	$ 132	$ 139
Reserve for returns and allowances	400	200
Inventory valuation reserves	3,925	4,366	4,829	$ 4,478
Depreciation expense	1,400	1,300	1,200
Goodwill	$ 22,353	$ 22,770	$ 22,770
Percentage of goodwill	11.50%
Estimated useful lives, intagible assets	8 years
Number of operating segments | Segment	1
Number of reportable segments | Segment	1
Description of customer credit risk	No single customer accounted for 10% or more of the Company’s sales.	No single customer accounted for 10% or more of the Company’s sales.	No single customer accounted for 10% or more of the Company’s sales.
Advertising expenses	$ 500	$ 400	$ 400
Customer Relationships [Member] | Minimum [Member]
Estimated useful lives, intagible assets	7 years
Customer Relationships [Member] | Maximum [Member]
Estimated useful lives, intagible assets	9 years

Business Combination (Details)

Business Combination (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Oct. 03, 2016	Dec. 31, 2015
Goodwill	$ 22,353	$ 22,770		$ 22,770
Vertex Acquisition [Member]
Cash			$ 3
Accounts receivable			2,874
Inventories			15,006
Prepaids			46
Property and equipment			59
Intangibles			9,161
Goodwill			9,849
Other assets			116
Total assets acquired			37,114
Trade accounts payable			1,134
Accrued and other current liabilities			1,051
Long-term obligation			320
Deferred income taxes			2,432
Total liabilities assumed			4,937
Net assets purchased			$ 32,177

Business Combination (Details N

Business Combination (Details Narrative) - USD ($) $ in Thousands	Oct. 03, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Asset useful life		8 years
Amortization expense of intangible assets		$ 1,400	$ 1,700	$ 1,800
Vertex Acquisition [Member]
Net assets purchased	$ 32,177
Current adjustment	100
Total purchase price before adjustment	$ 32,300
Acquisition-related costs			$ 900
Business combination unrecognized description		Amortization expense to be recognized on the acquired intangible assets is expected to be $0.8 million per year in 2018 through 2024 and $0.6 million in 2025.
Vertex Acquisition [Member] | Tradenames [Member]
Indefinitelived intangible assets acquired		$ 2,100
Amortization expense of intangible assets		$ 800
Remaining term of the lease		66 months
Vertex Acquisition [Member] | Customer Relationships [Member]
Intangible asset acquired		$ 7,000
Asset useful life		9 years
Amortization expense of intangible assets		$ 100

Detail of Selected Balance Sh34

Detail of Selected Balance Sheet Accounts (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Gross	$ 24,848	$ 23,515
Less accumulated depreciation	13,493	12,254
Total	11,355	11,261
Land [Member]
Gross	2,476	2,476
Building [Member]
Gross	8,207	8,105
Machinery & Equipment [Member]
Gross	$ 14,165	$ 12,934

Detail of Selected Balance Sh35

Detail of Selected Balance Sheet Accounts (Details 1) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Finite lived intangible assets
Less accumulated amortization:	$ 12,601	$ 11,238
Intangible assets:
Gross	24,616	24,616
Total	12,015	13,378
Customer Relationships [Member]
Finite lived intangible assets
Finite lived intangible assets, gross	18,620	18,620
Less accumulated amortization:	12,601	11,238
Tradenames [Member]
Indefinite lived intangible assets:
Gross	$ 5,996	$ 5,996

Detail of Selected Balance Sh36

Detail of Selected Balance Sheet Accounts (Details 2) $ in Thousands	Dec. 31, 2017USD ($)
Annual Amortization Expense
2,018	$ 777
2,019	777
2,020	777
2,021	777
2,022	777
2,023	777
2,024	777
2,025	$ 583

Detail of Selected Balance Sh37

Detail of Selected Balance Sheet Accounts (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Goodwill [Roll Forward]
Balance at beginning of year	$ 22,770	$ 25,082
Current year acquisitions		10,266
Goodwill gross	22,770	35,348
Less accumulated impairment losses		12,578
Less purchase price adjustment	417
Balance at end of year	$ 22,353	$ 22,770

Detail of Selected Balance Sh38

Detail of Selected Balance Sheet Accounts (Details 4) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accrued and Other Current Liabilities
Customer rebates	$ 5,648	$ 3,343
Payroll, commissions, and bonuses	3,056	1,783
Accrued inventory purchases	4,796	4,268
Property taxes	943	1,243
Freight	318	514
Other	2,062	2,097
Total	$ 16,823	$ 13,248

Detail of Selected Balance Sh39

Detail of Selected Balance Sheet Accounts (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Estimated useful lives, intagible assets	8 years
Accumulated amortization, intagible assets	$ 12,601	$ 11,238
Amortization expense, intagible assets	$ 1,400	$ 1,700	$ 1,800
Customer Relationships [Member] | Minimum [Member]
Estimated useful lives, intagible assets	7 years
Customer Relationships [Member] | Maximum [Member]
Estimated useful lives, intagible assets	9 years

Impairment of Goodwill and In40

Impairment of Goodwill and Intangibles (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Goodwill, impairment loss	$ 2,384		$ 2,384	$ 3,417
Goodwill carrying value		$ 22,353	$ 22,770	$ 22,770
Houston Wire & Cable (HWC) Reporting Unit [Member]
Goodwill, impairment loss	2,400
Goodwill fair value	0
Goodwill carrying value	2,400
Description of valuation assumption		The material assumptions used included a weighted average cost of capital of 11.0% and a long-term growth rate of 3-7% for the income approach and adjusted invested capital multiple of 0.2 times revenue and a control premium of 10.0% for the guideline public company method.
Houston Wire & Cable (HWC) Reporting Unit [Member] | Income Approach [Member]
Weighted average cost of capital		11.00%
Houston Wire & Cable (HWC) Reporting Unit [Member] | Income Approach [Member] | Minimum [Member]
Long-term growth rate		3.00%
Houston Wire & Cable (HWC) Reporting Unit [Member] | Income Approach [Member] | Maximum [Member]
Long-term growth rate		7.00%
Southern Reporting Unit [Member] | Tradenames [Member]
Impairment of intangible assets (excluding goodwill)	100
Southern Reporting Unit [Member] | Tradenames [Member] | Level 3 Measurement Approach [Member]
Fair value for tradename	$ 4,500

Debt (Details)

Debt (Details) $ in Thousands	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
2,017
2,018
2,019
2,020	73,555
Total	$ 73,555

Debt (Details Narrative)

Debt (Details Narrative) - USD ($) $ in Thousands	Oct. 03, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt		$ 73,555	$ 60,388
Weighted average interest rates		3.20%	2.40%
Current outstanding amount capacity		$ 23,000
Fourth Amended and Restated Loan and Security Agreement (the 2015 Loan Agreement) [Member] | Revolving Credit Facility [Member]
Maximum amount outstanding	$ 100,000
Expiration date	Sep. 30, 2020
Additional commitment amount	$ 50,000
Description of collateral		The 2015 Loan Agreement is secured by substantially all of the property of the Company, other than real estate.
Amount of eligible accounts receivable and inventory	$ 500
Line of credit facility borrowing period	2 years 6 months
Percentage of the value of eligible accounts receivable	85.00%
Percentage of the value of eligible inventory	70.00%
Percentage of the value of net orderly liquidation	90.00%
Description of loan converted		Portions of the loan may be converted to LIBOR loans in minimum amounts of $1.0 million and integral multiples of $0.1 million.
Description of interest rate		LIBOR loans bear interest at the British Bankers Association LIBOR Rate plus 100 to 150 basis points based on availability, and loans not converted to LIBOR loans bear interest at a fluctuating rate equal to the greatest of the agent’s prime rate, the federal funds rate plus 50 basis points, or 30-day LIBOR plus 150 basis points.
Percentage of unused capacity commitment fee		0.25%
Average outstanding amount capacity		$ 24,000
Unused borrowing facility		$ 100	$ 200	$ 200

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 1,280	$ (1,285)	$ 3,166
State	159	(95)	392
Total current	1,439	(1,380)	3,558
Deferred:
Federal	1,259	13	(436)
State	55	(7)	(49)
Total deferred	1,314	6	(485)
Total	$ 2,753	$ (1,374)	$ 3,073

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Federal statutory rate	35.00%	35.00%	35.00%
State taxes, net of federal benefit	4.20%	1.70%	4.10%
Impairment, non-deductible portion		(6.60%)	20.00%
Share-based compensation	15.20%	(9.00%)	3.70%
Non-deductible items	4.60%	(3.90%)	3.00%
Valuation allowance	41.00%
Tax reform rate change	12.90%
Other	(4.10%)	1.40%	(5.70%)
Total effective tax rate	108.80%	18.60%	60.10%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Uniform capitalization adjustment	$ 1,272	$ 1,420
Inventory valuation	1,334	2,496
Accounts receivable valuation	51	159
Stock compensation expense	725	1,368
Property and equipment	62	145
Other	134	96
Total deferred tax assets	3,578	5,684
Deferred tax liabilities
Goodwill	460	393
Intangibles	2,385	4,211
Other	109	188
Total deferred tax liabilities	2,954	4,792
Less: Valuation allowance	1,038
Net deferred tax assets/(liabilities)	$ (414)	$ 892

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Previous federal income tax rate		35.00%	35.00%	35.00%
Federal income tax rate		21.00%
Valuation allowance	$ 1,038	$ 1,038
Provisional income tax expense	$ 300

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Mar. 07, 2014
Dividend paid in cash	$ 81	$ 2,495	$ 7,172
Preferred stock, authorized	5,000,000	5,000,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Series A Junior Participating Preferred Stock [Member]
Preferred stock, authorized	100,000
2006 Stock Plan [Member]
Number of shares surrender withholding taxes	27,156	10,040
Share Repurchase Program [Member] | Common Stock [Member]
Maximum number of shares authorized				$ 25,000
Number of shares repurchases		366,820
Value of shares repurchases		$ 2,200

Retirement-related Benefits (De

Retirement-related Benefits (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Employee	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Benefit obligation	$ 1,000
Discount rate	3.77%
Target allocation of assets	5.00%
Percentage of employer's contribution	100.00%
Percentage of employer's matching contribution	1.00%
Employer's matching contribution, amount	$ 200	$ 200	$ 200
Number of active employees under defined benefit plan | Employee	15
Number of retired employees under defined benefit plan | Employee	14
Number of terminated employees under defined benefit plan | Employee	8
Cash contribution under plan	$ 1,100
Funded status of plan	800
Future annual benefit payments	300
Equity mutual funds [Member]
Cash contribution under plan	100
Fixed income - corporate bonds [Member]
Cash contribution under plan	$ 100
Equity Securities [Member]
Weighted average asset allocations for the defined benefit plan	69%
Debt Securities [Member]
Weighted average asset allocations for the defined benefit plan	31%

Incentive Plans (Details)

Incentive Plans (Details)	12 Months Ended
	Dec. 31, 2017USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding-Beginning of year | shares	314,000
Granted | shares
Forfeited | shares	(48,000)
Expired | shares	(43,000)
Outstanding-End of year | shares	223,000
Exercisable-End of year | shares	223,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding-Beginning of year	$ 13.85
Granted
Exercised
Forfeited	12.89
Expired	18.89
Outstanding-End of year	13.10
Exercisable-End of year	$ 13.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Aggregate Intrinsic Value [Roll Forward]
Outstanding-Beginning of year | $
Outstanding-End of year | $
Exercisable-End of year | $
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding-Beginning of year	3 years 3 months 11 days
Outstanding-End of year	2 years 10 months 2 days
Exercisable - End of year	2 years 10 months 2 days

Incentive Plans (Details 1)

Incentive Plans (Details 1)	12 Months Ended
	Dec. 31, 2017$ / sharesshares
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested-Beginning of year | shares	36,000
Granted | shares	40,000
Vested | shares	(36,000)
Cancelled/Forfeited | shares
Expired | shares
Non-vested-End of year | shares	40,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Market Value at Grant Date [Roll Forward]
Non-vested-Beginning of year | $ / shares	$ 7.04
Granted | $ / shares	7.50
Vested | $ / shares	7.04
Cancelled/Forfeited | $ / shares
Expired | $ / shares
Non-vested-End of year | $ / shares	$ 7.50
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested-Beginning of year | shares	299,000
Granted | shares	60,000
Vested | shares	(94,000)
Cancelled/Forfeited | shares	(27,000)
Expired | shares
Non-vested-End of year | shares	238,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Market Value at Grant Date [Roll Forward]
Non-vested-Beginning of year | $ / shares	$ 7.88
Granted | $ / shares	7.50
Vested | $ / shares	9.02
Cancelled/Forfeited | $ / shares	7.94
Expired | $ / shares
Non-vested-End of year | $ / shares	$ 7.33

Incentive Plans (Details Narrat

Incentive Plans (Details Narrative) - USD ($) $ in Thousands	Dec. 11, 2017	Aug. 04, 2017	May 05, 2017	Jan. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Stock-based compensation cost					$ 1,176	$ 856	$ 886
Income tax benefit recognized for stock-based compensation arrangements					200	300	300
Equity Award [Member]
Stock-based compensation cost					1,000
Liability Award [Member]
Stock-based compensation cost					$ 200
Restricted Stock Units [Member]
Number of shares granted					40,000
Restricted Stock Awards [Member]
Number of shares granted					60,000
2017 Stock Plan [Member]
Total grant-date fair value of options vested					$ 200
Unrecognized compensation cost related to non-vested					2,200
2017 Stock Plan [Member] | Equity Award [Member]
Unrecognized compensation cost related to non-vested					$ 1,300
Unrecognized compensation cost related to non-vested, period					28 months
2017 Stock Plan [Member] | Liability Award [Member]
Unrecognized compensation cost related to non-vested					$ 900
Unrecognized compensation cost related to non-vested, period					38 months
2017 Stock Plan [Member] | Employees And Directors [Member]
Number of shares granted under plan		1,000,000
2017 Stock Plan [Member] | Non-Employee Director [Member] | Restricted Stock Units [Member]
Number of shares granted		7,653	37,500
Description of vesting rights			Each award of restricted stock units vests at the date of the 2018 Annual Meeting of Stockholders.
Value of shares granted		$ 45	$ 60
2017 Stock Plan [Member] | New Member of Senior Management [Member] | Restricted Stock Units [Member]
Description of vesting rights		These units vest in one third increments, on the third, fourth and fifth anniversaries of the date of grant, as long as the recipient is still employed by the Company. Assuming the stockholders approve the Plan at the 2018 Annual Meeting, upon vesting each restricted stock unit will entitle the recipient to receive one share of the Company’s common stock, together with dividend equivalents from the date of grant.
Value of shares granted		$ 50
2017 Stock Plan [Member] | President and CEO [Member]
Description of vesting rights	The restricted stock units vest in equal thirds on December 11, 2018, 2019 and 2020. The performance stock units will vest on December 31, 2020 based on the Company’s achievement of cumulative EBITDA and stock price performance goals over a three-year period, as long as the recipient is then employed by the Company.
2017 Stock Plan [Member] | President and CEO [Member] | Restricted Stock Units [Member]
Number of shares granted	46,154
2017 Stock Plan [Member] | President and CEO [Member] | performance stock units [Member]
Number of shares granted	46,154
2017 Stock Plan [Member] | Management [Member] | Restricted Stock Units [Member]
Description of vesting rights	These units vest in one third increments, on the third, fourth and fifth anniversaries of the date of grant, as long as the recipient is then employed by the Company.
Value of shares granted	$ 330
2006 Stock Plan [Member]
Excess tax benefits recorded financing cash flows					$ 0	0
2006 Stock Plan [Member] | Stock Option [Member]
Total intrinsic value of options exercised					0	0	100
Total grant-date fair value of options vested					$ 200	$ 300	$ 100
Expiration date					Dec. 20, 2021
Description of vesting rights					These options are granted for a term not exceeding ten years and may be forfeited in the event the employee or director terminates his or her employment or relationship with the Company. Options granted to employees generally vest over three to five years, and options granted to directors generally vest one year after the date of grant. Shares issued to satisfy the exercise of options may be newly issued shares or treasury shares.
2006 Stock Plan [Member] | Stock Option [Member] | Minimum [Member]
Term of vesting period					3 years
2006 Stock Plan [Member] | Stock Option [Member] | Maximum [Member]
Term of vesting period					5 years
2016 Stock Plan [Member]
Description of vesting rights				The 60,000 shares of restricted stock vest in one-third increments on January 30, 2018, December 19, 2018 and December 19, 2019, in each case as long as the recipient is then employed by the Company. The performance stock units vest on December 31, 2019 based on and subject to the Company’s achievement of cumulative EBITDA and stock price performance goals over a three-year period, as long as the recipient is then employed by the Company, and upon vesting will be settled in shares of the Company’s common stock. Any dividends declared will be accrued and paid if and when the related shares or units vest.
2016 Stock Plan [Member] | Common Stock [Member]
Number of shares grants				40,000
2016 Stock Plan [Member] | President and CEO [Member] | performance stock units [Member]
Number of shares grants				60,000
2016 Stock Plan [Member] | President and CEO [Member] | Restricted Stock Awards [Member]
Number of shares vested				60,000
Number of shares grants				60,000

Commitments and Contingencies52

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 3,631
2,019	3,058
2,020	2,401
2,021	2,133
2,022	1,955
Thereafter	1,306
Total minimum lease payments	$ 14,484

Commitments and Contingencies53

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 3,500	$ 2,600	$ 2,500
Purchase commitments for fixed inventory	61,800
Expected post-remediation liability	$ 100
Description of post-remediation liability	Estimates will be incurred in the next year and also the cost to plug the wells.

Select Quarterly Financial Da54

Select Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended											12 Months Ended
	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016		Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Sales	$ 82,146		$ 81,196	$ 75,646	$ 78,709	$ 69,257		$ 65,222	$ 62,454		$ 64,711	$ 317,697	$ 261,644	$ 308,133
Gross profit	20,843		18,570	16,318	16,931	15,076		12,045	12,430		13,399	72,662	52,950	65,910
Operating income (loss)	2,969		2,047	(162)	(250)	(1,630)	[1]	(1,804)	(3,062)	[2]	(39)	4,604	(6,535)	6,018
Net income (loss)	$ 1,996		$ (1,711)	$ (54)	$ (453)	$ (1,826)	[1]	$ (1,439)	$ (2,557)	[2]	$ (184)	$ (222)	$ (6,006)	$ 2,044
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.12	[3]	$ (0.11)	$ 0	$ (0.03)	$ (0.11)	[1]	$ (0.09)	$ (0.16)	[2]	$ (0.01)	$ (0.01)	$ (0.37)	$ 0.12
Diluted (in dollars per share)	$ 0.12	[3]	$ (0.11)	$ 0	$ (0.03)	$ (0.11)	[1]	$ (0.09)	$ (0.16)	[2]	$ (0.01)	$ (0.01)	$ (0.37)	$ 0.12
Additional cost of sales expense						$ 483
Non-cash impairment charge									$ 2,384				$ 2,384	$ 3,417
[1]	During the fourth quarter of 2016, the Company recorded a charge of $483 of additional cost of sales expense that related to the first three quarters of 2016 and was immaterial to each quarter.
[2]	During the second quarter of 2016, the Company recorded a non-cash impairment charge of $2,384. See Note 4 for additional information.
[3]	The ''two-class'' method was used to calculate earnings per share which resulted in the same value.