Olympic Steel (ZEUS) 10-K 25 Feb 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021	Feb. 25, 2022shares	Jun. 30, 2021USD ($)
Document Information [Line Items]
Entity Central Index Key	0000917470
Entity Registrant Name	OLYMPIC STEEL INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	0-23320
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1245650
Entity Address, Address Line One	22901 Millcreek Boulevard, Suite 650
Entity Address, City or Town	Highland Hills
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44122
City Area Code	216
Local Phone Number	292-3800
Title of 12(b) Security	Common stock, without par value
Trading Symbol	ZEUS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float | $			$ 273,520,889
Entity Common Stock, Shares Outstanding | shares		11,123,700
Entity Number of Employees	182
Auditor Name	GRANT THORNTON LLP
Auditor Location	Cleveland, Ohio
Auditor Firm ID	248
ICFR Auditor Attestation Flag	true

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net sales	$ 2,312,253	$ 1,234,144	$ 1,579,040
Costs and expenses
Cost of materials sold (excludes items shown separately below)	1,802,052	979,099	1,280,110
Warehouse and processing	103,017	83,091	99,457
Administrative and general	104,617	71,451	76,863
Distribution	55,404	44,728	48,159
Selling	41,881	26,050	28,839
Occupancy	12,500	9,662	9,972
Depreciation	17,952	17,936	17,686
Amortization	2,364	1,554	1,344
Total costs and expenses	2,139,787	1,233,571	1,562,430
Operating income	172,466	573	16,610
Other loss, net	(36)	(73)	(32)
Income before interest and income taxes	172,430	500	16,578
Interest and other expense on debt	7,631	7,411	11,289
Income (loss) before income taxes	164,799	(6,911)	5,289
Income tax provision (benefit)	43,748	(1,316)	1,433
Net income (loss)	121,051	(5,595)	3,856
Gain (loss) on cash flow hedges	2,960	(2,579)	(3,041)
Tax effect of hedges	(740)	645	760
Total comprehensive income (loss)	$ 123,271	$ (7,529)	$ 1,575
Net income (loss) per share - basic (in dollars per share)	$ 10.53	$ (0.49)	$ 0.34
Weighted average shares outstanding - basic (in shares)	11,492	11,447	11,509
Net income (loss) per share - diluted (in dollars per share)	$ 10.52	$ (0.49)	$ 0.34
Weighted average shares outstanding - diluted (in shares)	11,503	11,447	11,509
Dividends declared per share of common stock (in dollars per share)	$ 0.08	$ 0.08	$ 0.08

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 9,812	$ 5,533
Accounts receivable, net	284,570	151,601
Inventories, net (includes LIFO reserve of $19,736 and LIFO debit of $2,115 as of December 31, 2021 and 2020, respectively)	485,029	240,001
Prepaid expenses and other	9,989	5,069
Total current assets	789,400	402,204
Property and equipment, at cost	413,396	434,579
Accumulated depreciation	(266,340)	(277,379)
Net property and equipment	147,056	157,200
Goodwill	10,496	5,123
Intangible assets, net	33,653	32,593
Other long-term assets	15,241	18,131
Right-of use assets, net	27,726	25,354
Total assets	1,023,572	640,605
Liabilities
Accounts payable	148,649	87,291
Accrued payroll	44,352	10,985
Other accrued liabilities	25,395	22,869
Current portion of lease liabilities	5,940	5,580
Total current liabilities	224,336	126,725
Credit facility revolver	327,764	160,609
Other long-term liabilities	15,006	22,478
Deferred income taxes	9,890	9,818
Lease liabilities	22,137	19,965
Total liabilities	599,133	339,595
Commitments and contingencies (Note 13)
Shareholders' Equity
Preferred stock, without par value, 5,000 shares authorized, no shares issued or outstanding	0	0
Common stock, without par value, 20,000 shares authorized; 11,124 issued; 11,124 and 11,075 shares outstanding	133,427	132,382
Treasury stock, at cost, 0 and 0 shares held	0	0
Accumulated other comprehensive loss	(1,996)	(4,215)
Retained earnings	293,008	172,843
Total shareholders' equity	424,439	301,010
Total liabilities and shareholders' equity	$ 1,023,572	$ 640,605

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ / shares in Thousands, $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory, LIFO debit	$ 19,736	$ 2,115
Preferred stock, par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000	5,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	20,000	20,000
Common stock, shares issued (in shares)	11,124	11,124
Common stock, shares outstanding (in shares)	11,124	11,075
Treasury stock, shares (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Adjustments to reconcile net income (loss) to net cash from (used for) operating activities.
Net income (loss)	$ 121,051	$ (5,595)	$ 3,856
Depreciation and amortization	20,954	20,008	19,548
(Gain) loss on disposition of property and equipment	(22)	2,026	(222)
Gain on disposition of Detroit operation (before expenses of $2,569)	(6,068)	0	0
Stock-based compensation	1,045	1,215	2,188
Intangibles and other long-term assets	6,796	(4,349)	(3,835)
Deferred income taxes and other long-term liabilities	(6,231)	1,220	1,283
Net Cash Provided by (Used in) Operating Activities, Excluding Changes in Working Capital	137,525	14,525	22,818
Changes in working capital:
Accounts receivable	(131,459)	(14,790)	42,141
Inventories	(241,899)	37,186	95,836
Prepaid expenses and other	(4,850)	2,112	2,464
Accounts payable	60,538	23,333	(33,651)
Change in outstanding checks	(1,189)	(6,893)	7,053
Accrued payroll and other accrued liabilities	34,960	6,179	(7,040)
Increase (Decrease) in Operating Capital, Total	(283,899)	47,127	106,803
Net cash from (used for) operating activities	(146,374)	61,652	129,621
Cash flows from (used for) investing activities:
Acquisitions	(12,105)	(19,500)	(11,133)
Capital expenditures	(11,011)	(9,803)	(10,165)
Proceeds from sale of Detroit property and equipment	9,506	0	0
Proceeds from disposition of property and equipment	146	1,154	269
Net cash used for investing activities	(13,464)	(28,149)	(21,029)
Cash flows from (used for) financing activities:
Credit facility revolver borrowings	757,788	339,538	536,944
Credit facility revolver repayments	(590,632)	(371,854)	(646,549)
Principal payments under finance lease obligation	(828)	(242)	(63)
Credit facility fees and expenses	(1,325)	(124)	(100)
Repurchase of common stock	0	(145)	(1,522)
Dividends paid	(886)	(885)	(879)
Net cash from (used for) financing activities	164,117	(33,712)	(112,169)
Cash and cash equivalents:
Net change	4,279	(209)	(3,577)
Beginning balance	5,533	5,742	9,319
Ending balance	9,812	5,533	5,742
Interest paid	6,843	7,002	10,951
Income taxes paid	$ 46,548	$ 1	$ 460

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amount of operating expense attributable to sale of operations	$ 2,569
Finance lease obligations incurred	$ 0	$ 1,400	$ 0

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2018	$ 130,778	$ (132)	$ 0	$ 176,345	$ 306,991
Net income (loss)	0	0	0	3,856	3,856
Payment of dividends	0	0	0	(879)	(879)
Stock-based compensation	869	1,319	0	0	2,188
Stock repurchase	0	(1,522)		0	(1,522)
Change in fair value of hedges	0	0	(2,281)	0	(2,281)
Other	0	0	0	(1)	(1)
Balance at Dec. 31, 2019	131,647	(335)	(2,281)	179,321	308,352
Net income (loss)	0	0	0	(5,595)	(5,595)
Payment of dividends	0	0	0	(885)	(885)
Stock-based compensation	735	480		0	1,215
Stock repurchase	0	(145)	0	0	(145)
Change in fair value of hedges	0	0	(1,934)	0	(1,934)
Other	0	0	0	2	2
Balance at Dec. 31, 2020	132,382	0	(4,215)	172,843	301,010
Net income (loss)	0	0	0	121,051	121,051
Payment of dividends	0	0	0	(886)	(886)
Stock-based compensation	1,045	0	0	0	1,045
Change in fair value of hedges	0	0	2,220	0	2,220
Other	0	0	(1)	0	(1)
Balance at Dec. 31, 2021	$ 133,427	$ 0	$ (1,996)	$ 293,008	$ 424,439

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies : Nature of Business The Company operates in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. The specialty metals flat products segment and the carbon flat products segment are at times consolidated and referred to as the flat products segments. Certain of the flat products segments’ assets and resources are shared by the specialty metals and carbon flat products segments, and both segments’ products are stored in the shared facilities and, in some locations, processed on shared equipment. Due to the shared assets and resources, certain of the flat products segment expenses are allocated between the specialty metals flat products segment and the carbon flat products segment based upon an established allocation methodology. The specialty metals flat products segment sells and distributes processed aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts. Through the acquisition of Action Stainless & Alloys, Inc. (Action Stainless) on December 14, 2020, October 1, 2021, 2019, September 17, 2021, Corporate expenses are reported as a separate line item for segment reporting purposes. Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three On March 11, 2020, 19 2021, 2021 19 19 Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements have been prepared from the financial records of Olympic Steel, Inc. and its wholly-owned subsidiaries (collectively, Olympic or the Company), after elimination of intercompany accounts and transactions. Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentration Risks The Company is a major customer of flat-rolled coil and plate and tubular and pipe steel for many of its principal suppliers, but is not one three 2021, 2020 2019, The Company has a diversified customer and geographic base, which reduces the inherent risk and cyclicality of its business. The concentration of net sales to the Company’s top 20 2021, 2020 2019, 2021, 2020 2019, 2021, 2020, 2019, Cash and Cash Equivalents Cash equivalents consist of short-term highly liquid investments, with a three may not not Fair Market Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the liability in an orderly transaction between market participants on the measurement date. Valuation techniques must maximize the use of observable inputs and minimize the use of unobservable inputs. To measure fair value, the Company applies a fair value hierarchy that is based on three first two Level 1 Level 2 1 not Level 3 no Financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable and the credit facility, are stated at their carrying value, which is a reasonable estimate of fair value. The fair value of marketable securities is based on quoted market prices. Allowance for Credit Losses The Company’s allowance for credit losses is maintained at a level considered appropriate based on historical experience and specific customer collection issues that the Company has identified. Estimations are based upon the application of a historical collection rate to the outstanding accounts receivable balance, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of the allowance for credit losses each quarter. Inventory Valuation Non-last-in, first Costs of the Company’s specialty metals and carbon flat products segments’ inventories, including flat-rolled sheet, coil and plate products are determined using the specific identification method. Certain of the Company’s tubular and pipe products inventory is stated under the LIFO method. At December 31, 2021 December 31, 2020, first first On the Consolidated Statements of Comprehensive Income (Loss), “Cost of materials sold (exclusive of items shown separately below)” consists of the cost of purchased metals, inbound and internal transfer freight, external processing costs, and LIFO income or expense. Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets ranging from two five Intangible Assets and Recoverability of Long-lived Assets The Company performs an annual impairment test of indefinite-lived intangible assets in the fourth If a quantitative fair value measurement is used, the fair value of each indefinite-lived intangible asset is compared to its carrying value and an impairment charge is recorded if the carrying value exceeds the fair value. The Company estimates the fair value of indefinite-lived intangible assets using a discounted cash flow methodology. Management’s assumptions used for the calculations are based on historical results, projected financial information and recent economic events. Actual results could differ from these estimates under different assumptions or conditions, which could adversely affect the reported value of intangible assets. The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives whenever events or changes in circumstances indicate that the carrying value may not may not Income Taxes The Company records, as an offset to the estimated effect of temporary differences between the tax basis of assets and liabilities and the reported amounts in its consolidated balance sheets, the tax effect of operating loss and tax credit carryforwards. If the Company determines that it will not The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company had no December 31, 2021. no one December 31, 2021. Revenue Recognition The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 one Sales returns and allowances are treated as reductions to sales and are provided for based on historical experience and current estimates and are immaterial to the consolidated financial statements. Shipping and Handling Fees and Costs Amounts charged to customers for shipping and other transportation services are included in net sales. The distribution expense line on the accompanying Consolidated Statements of Comprehensive Income (Loss) is entirely comprised of all shipping and other transportation costs incurred by the Company in shipping goods to its customers. Stock-Based Compensation The Company records compensation expense for stock awards issued to employees and directors. For additional information, see Note 13, Impact of Recently Issued Accounting Pronouncements In December 2019, No. 2019 12, 740 740 2019 12 December 15, 2020. first 2021 not In June 2016, No. 2016 13, 326 January 1, 2020 not

Note 2 - Acquisitions

Note 2 - Acquisitions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. Acquisitions On October 1, 2021, On December 14, 2020, On August 5, 2019, 100 On January 2, 2019, 1965 The acquisitions are not not Shaw Action Stainless EZ Dumper McCullough As of As of As of As of Details of Acquisition (in thousands) October 1, 2021 December 14, 2020 August 5, 2019 January 2, 2019 Assets acquired Accounts receivable, net $ 1,510 $ 3,239 $ - $ 461 Inventories 3,129 3,656 43 586 Property and equipment 1,886 10,610 67 4,138 Prepaid expenses and other 5,986 204 - - Goodwill 5,262 1,894 166 898 Intangible assets 2,750 4,410 23 5,599 Total assets acquired 20,523 24,013 299 11,682 Total liabilities assumed (8,418 ) (4,513 ) (166 ) (682 ) Cash paid $ 12,105 $ 19,500 $ 133 $ 11,000 The purchase price allocations presented above are based upon management’s estimate of the fair value of the acquired assets and assumed liabilities using Level 3 not

Note 3 - Disposition of Assets

Note 3 - Disposition of Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Sale of Operation, Disclosure [Text Block]	3. Disposition of Assets On September 17, 2021, 2022. December 31, 2021. not December 31, 2021.

Note 4 - Revenue Recognition

Note 4 - Revenue Recognition	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	4. Revenue Recognition The Company provides metals processing, distribution and delivery of large volumes of processed carbon, coated flat-rolled sheet, coil and plate products, aluminum, and stainless flat-rolled products, prime tin mill products, flat bar products, metal tubing, pipe, bar, valves, fittings, and fabricated parts. The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 one not Within the metals industry, revenue is frequently disaggregated by products sold. The tables below disaggregates the Company’s revenues by segment and products sold for the year ended December 31, 2021, 2020 2019, Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2021 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 31.4 % - - 31.4 % Plate 10.4 % - - 10.4 % Cold Rolled 7.0 % - - 7.0 % Coated 7.7 % - - 7.7 % Specialty - 25.3 % - 25.3 % Pipe & Tube - - 16.5 % 16.5 % Other 1.6 % 0.1 % - 1.7 % Total 58.1 % 25.4 % 16.5 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2020 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 29.7 % - - 29.7 % Plate 9.6 % - - 9.6 % Cold Rolled 5.9 % - - 5.9 % Coated 9.6 % - - 9.6 % Specialty - 23.5 % - 23.5 % Pipe & Tube - - 18.7 % 18.7 % Other 1.1 % 1.9 % - 3.0 % Total 55.9 % 25.4 % 18.7 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2019 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 32.3 % - - 32.3 % Plate 12.2 % - - 12.2 % Cold Rolled 5.5 % - - 5.5 % Coated 7.7 % - - 7.7 % Specialty - 20.9 % - 20.9 % Pipe & Tube - - 18.3 % 18.3 % Other 1.0 % 2.1 % - 3.1 % Total 58.7 % 23.0 % 18.3 % 100.0 %

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Financing Receivables [Text Block]	5. Accounts Receivable: Accounts receivable are presented net of allowances for credit losses and unissued credits of $4.4 million and $3.6 million as of December 31, 2021 2020, 2021, 2020 2019,

Note 6 - Inventories

Note 6 - Inventories	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. Inventories : Inventories consisted of the following: As of December 31, (in thousands) 2021 2020 Unprocessed $ 417,595 $ 194,614 Processed and finished 67,434 45,387 Total $ 485,029 $ 240,001 During 2021, 2021. 2020, 2020. Our pipe and tubular inventory quantities were reduced during 2021 2020 not December 31, 2021 2020, If the FIFO method had been in use, inventories would have been $19.7 million higher and $2.1 million lower than reported at December 31, 2021 2020,

Note 7 - Property and Equipment

Note 7 - Property and Equipment	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	7. Property and Equipment: Property and equipment consists of the following: (in thousands) Depreciable Lives December 31, 2021 December 31, 2020 Land - $ 15,238 $ 15,698 Land improvements 5 - 10 3,780 3,742 Buildings and improvements 7 - 30 141,979 148,507 Machinery and equipment 2 - 15 210,410 222,802 Furniture and fixtures 3 - 7 6,229 6,699 Computer software and equipment 2 - 5 25,053 28,977 Vehicles 2 - 5 3,054 2,504 Financing lease 2,710 3,582 Construction in progress - 4,943 2,068 413,396 434,579 Less accumulated depreciation (266,340 ) (277,379 ) Net property and equipment $ 147,056 $ 157,200 Leasehold improvements are included with buildings and improvements and are depreciated over the life of the lease or seven Construction in progress as of December 31, 2021 December 31, 2020, not

Note 8 - Goodwill and Intangibl

Note 8 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	8. Goodwill and Intangible Assets : The Company’s intangible assets were recorded in connection with its acquisitions of Shaw in 2021, 2020, 2019, 2018 2011. Goodwill, by reportable unit, was as follows as of December 31, 2021 December 31, 2020, (in thousands) Carbon Flat Specialty Tubular and Total Balance as of December 31, 2019 $ 1,065 $ 2,358 $ - $ 3,423 Acquisitions - 1,700 - 1,700 Impairments - - - - Balance as of December 31, 2020 1,065 4,058 - 5,123 Acquisitions - 5,373 - 5,373 Impairments - - - - Balance as of December 31, 2021 $ 1,065 $ 9,431 $ - $ 10,496 The useful life of the customer relationships was determined to be ten 15 one five no Intangible assets, net, consisted of the following as of December 31, 2021 2020, As of December 31, 2021 (in thousands) Gross Carrying Accumulated Intangible Assets, Customer relationships - subject to amortization $ 22,559 $ (10,552 ) $ 12,007 Covenant not to compete - subject to amortization 509 (231 ) 278 Trade name - not subject to amortization 21,368 - 21,368 $ 44,436 $ (10,783 ) $ 33,653 As of December 31, 2020 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 21,442 $ (9,101 ) $ 12,341 Covenant not to compete - subject to amortization 259 (186 ) 73 Trade name - not subject to amortization 20,179 - 20,179 $ 41,880 $ (9,287 ) $ 32,593 During 2021 2020, The Company estimates that amortization expense for its intangible assets subject to amortization will be approximately $1.6 million per year for the next four one

Note 9 - Leases

Note 9 - Leases	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	9. Leases : The Company leases warehouses and office space, industrial equipment, office equipment, vehicles, industrial gas tanks and forklifts from other parties and leases land and warehouse space to third The Company has remaining lease terms ranging from one five The Company leases one one December 31, 2023 three five ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the leases do not The components of lease expense were as follows for the years ended December 31, 2021, 2020 2019: (in thousands) 2021 2020 2019 Operating lease cost $ 6,952 $ 7,089 $ 7,013 Finance lease cost Amortization 721 254 67 Interest on lease liabilities 71 54 15 $ 792 $ 308 $ 82 Supplemental cash flow information related to leases was as follows for the years ended December 31, 2021 2020: (in thousands) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,830 $ 6,996 $ 6,913 Operating cash flows from finance leases 71 54 15 Financing cash flows from finance leases 699 242 63 Total cash paid for amounts included in the measurement of lease liabilities $ 7,600 $ 7,292 $ 6,991 Supplemental balance sheet information related to leases was as follows: (in thousands) 2021 2020 Operating leases Operating lease $ 42,023 $ 36,060 Operating lease accumulated amortization (14,297 ) (10,706 ) Operating lease right of use asset, net $ 27,726 $ 25,354 Operating lease current liabilities 5,940 5,580 Operating lease liabilities 22,137 19,965 $ 28,077 $ 25,545 (in thousands) 2021 2020 Finance leases Finance lease $ 2,710 $ 3,582 Finance lease accumulated depreciation (965 ) (333 ) Finance lease, net $ 1,745 $ 3,249 Finance lease current liabilities 661 815 Finance lease liabilities 1,115 2,453 $ 1,776 $ 3,268 Weighted average remaining lease term (in years) 2021 2020 Operating leases 6 Finance leases 4 Weighted average discount rate Operating leases 3.44 % 3.76 % Finance leases 3.42 % 3.80 % Maturities of lease liabilities were as follows: (in thousands) Operating Lease Finance Lease Year Ending December 31, 2022 $ 6,775 $ 709 2023 5,770 441 2024 5,004 355 2025 3,769 188 2026 2,857 149 Thereafter 7,154 44 Total future minimum lease payments $ 31,329 $ 1,886 Less remaining imputed interest (3,252 ) (110 ) Total $ 28,077 $ 1,776

Note 10 - Debt

Note 10 - Debt	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	10. Debt: The Company’s debt is comprised of the following components: As of December 31, (in thousands) 2021 2020 Asset-based revolving credit facility due June 16, 2026 $ 327,764 $ 160,609 Total debt 327,764 160,609 Less current amount - - Total long-term debt $ 327,764 $ 160,609 On June 16, 2021, first may, June 16, 2026. The ABL Credit Facility contains customary representations and warranties and certain covenants that limit the ability of the Company to, among other things: (i) incur or guarantee additional indebtedness; (ii) pay distributions on, redeem or repurchase capital stock or redeem or repurchase subordinated debt; (iii) make investments; (iv) sell assets; (v) enter into agreements that restrict distributions or other payments from restricted subsidiaries to the Company; (vi) incur or suffer to exist liens securing indebtedness; (vii) consolidate, merge or transfer all or substantially all of their assets; and (viii) engage in transactions with affiliates. In addition, the ABL Credit Facility contains a financial covenant which provides that: (i) if any commitments or obligations are outstanding and the Company’s availability is less than the greater of $30 million or 10.0% of the aggregate amount of revolver commitments ($47.5 million at December 31, 2021) December 31, 2021), 1.00 twelve The Company has the option to borrow under its revolver based on the agent’s base rate plus a premium ranging from 0.00% to 0.25% or the London Interbank Offered Rate (LIBOR) plus a premium ranging from 1.25% to 2.75%. As of December 31, 2021, As of December 31, 2021 December 31, 2020, five Scheduled Debt Maturities, Interest, Debt Carrying Values The Company’s principal payments over the next five (in thousands) 2022 2023 2024 2025 2026 Total ABL Credit Facility $ - $ - $ - $ - $ 327,764 $ 327,764 Total principal payments $ - $ - $ - $ - $ 327,764 $ 327,764 The overall effective interest rate for all debt, exclusive of deferred financing fees and deferred commitment fees, amounted to 2.5%, 3.3% and 4.0% in 2021, 2020 2019, December 31, 2021, 2020 2019, 2021, 2020 2019,

Note 11 - Derivative Instrument

Note 11 - Derivative Instruments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	11. Derivative Instruments: Metals swaps During 2021, 2020 2019, third December 31, 2021. December 31, 2020. third third While these derivatives are intended to help the Company manage risk, they have not third not December 31, 2021 Fixed rate interest rate hedge On January 10, 2019, five December 31, 2021 2020 There was no December 31, 2021, 2020 2019. December 31, 2021, 2020 2019. Net Gain (Loss) Recognized (in thousands) 2021 2020 2019 Fixed interest rate hedge $ (1,880 ) $ (1,520 ) $ (227 ) Metals swaps 418 55 291 Embedded customer derivatives (418 ) (55 ) (291 ) Total loss $ (1,880 ) $ (1,520 ) $ (227 )

Note 12 - Fair Value of Assets

Note 12 - Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	12. Fair Value of Assets and Liabilities: The Company’s financial instruments include cash and cash equivalents, short-term trade receivables, derivative instruments, accounts payable and debt instruments. For short-term instruments, other than those required to be reported at fair value on a recurring basis and for which additional disclosures are included below, management concluded the historical carrying value is a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization. During 2021 2020, no 1, 2 3 no December 31, 2021. December 31, 2021: Metals swaps and embedded customer derivatives 2 Fixed rate interest rate hedge 2 The following tables present information about the Company’s assets and liabilities that were measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques utilized by the Company: Value of Items Recorded at Fair Value As of December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal Swaps $ - $ 2,286 $ - $ 2,286 Total assets at fair value $ - $ 2,286 $ - $ 2,286 Liabilities: Metal Swaps $ - $ 2,178 $ - $ 2,178 Fixed interest rate hedge - 2,661 - 2,661 Total liabilities recorded at fair value $ - $ 4,839 $ - $ 4,839 Value of Items Recorded at Fair Value As of December 31, 2020 (in thousands) Level 1 Level 2 Level 3 Total Liabilities: Fixed interest rate hedge - 5,620 - 5,620 Total liabilities recorded at fair value $ - $ 5,620 $ - $ 5,620 The value of the items not The carrying value of the ABL Credit Facility was $327.8 million and $160.6 million at December 31, 2021 2020, June 16, 2021,

Note 13 - Equity Plans

Note 13 - Equity Plans	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	13. Equity Plans: Restricted Stock Units Pursuant to the Amended and Restated Olympic Steel 2007 may On an annual basis, the compensation committee of the Company’s Board of Directors awards RSUs, to each non-employee director as part of their annual compensation. The annual awards for 2021 2020 one not Prior to 2021, five 19 2020 2021. January 2022, may Under the Incentive Plan, the Company awards RSUs to newly-appointed executive officers, based upon a percentage of their base salary. Upon Mr. Marabito’s promotion to Chief Executive Officer and Mr. Manson’s promotion to Chief Financial Officer on January 1, 2019, January 1, 2020, five Stock-based compensation expense recognized on RSUs for the years ended December 31, 2021, 2020 2019, For the years ended December 31, (in thousands) 2021 2020 2019 RSU expense before taxes of the Plan $ 1,045 $ 1,265 $ 965 RSU expense after taxes 767 1,024 704 All pre-tax charges related to RSUs were included in the caption “Administrative and general” on the accompanying Consolidated Statements of Comprehensive Income (Loss). The total compensation cost of non-vested awards totaled $1.0 million and the weighted average remaining vesting period is 1.3 years as of December 31, 2021. The following table summarizes the activity related to RSUs for the year ended December 31, 2021, 2020 2019: 2021 2020 2019 Number of Weighted Average Number of Weighted Number of Weighted Beginning balance 610,540 $ 18.25 636,086 $ 19.25 527,546 $ 20.65 Granted 20,604 23.29 70,588 11.92 207,521 16.36 Converted into shares (49,191 ) 18.67 (94,161 ) 20.27 (96,845 ) 20.59 Forfeited (5,086 ) 17.55 (1,973 ) 18.14 (2,136 ) 22.80 Outstanding at December 31 576,867 $ 18.40 610,540 $ 18.25 636,086 $ 19.25 Vested at December 31 370,771 $ 18.78 375,692 $ 18.88 419,721 $ 20.37 Of the RSUs granted in 2019, 2020 2021.

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	14. Commitments and Contingencies : The Company is party to various legal actions that it believes are ordinary in nature and incidental to the operation of its business. In the opinion of management, the outcome of the proceedings to which the Company is currently a party will not In the normal course of business, the Company periodically enters into agreements that incorporate indemnification provisions. While the maximum amount to which the Company may not At December 31, 2021, seven Facility Expiration date Minneapolis (plate), Minnesota March 31, 2022 Hammond, Indiana November 30, 2024 Locust, North Carolina March 4, 2025 St. Paul, Minnesota May 25, 2025 Romeoville, Illinois May 31, 2025 Minneapolis (coil), Minnesota September 30, 2025 Indianapolis, Indiana January 29, 2026

Note 15 - Income Taxes

Note 15 - Income Taxes	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes: The components of the Company’s provision (benefit) for income taxes from continuing operations were as follows: As of December 31, (in thousands) 2021 2020 2019 Current: Federal $ 36,592 $ 321 $ 1,747 International 85 103 107 State and local 7,739 59 22 44,416 483 1,876 Deferred (668 ) (1,799 ) (443 ) Income tax provision (benefit) $ 43,748 $ (1,316 ) $ 1,433 The components of the Company’s deferred income taxes at December 31 (in thousands) 2021 2020 Deferred tax assets: Inventory (excluding LIFO reserve) $ 2,198 $ 1,529 Net operating loss and tax credit carryforwards 1,375 3,510 Allowance for credit losses 626 440 Accrued expenses 5,288 5,778 Lease liabilities 8,568 7,348 Interest rate hedge 665 1,405 Other 205 390 Deferred tax assets before valuation allowance 18,925 20,400 Valuation allowance (1,197 ) (2,302 ) Total deferred tax assets 17,728 18,098 Deferred tax liabilities: LIFO reserve (3,500 ) (3,528 ) Property and equipment (12,293 ) (13,562 ) Lease right of use assets (8,483 ) (7,294 ) Intangibles (3,342 ) (3,532 ) Total deferred tax liabilities (27,618 ) (27,916 ) Deferred tax liabilities, net $ (9,890 ) $ (9,818 ) The net deferred tax liability increased by $740 thousand related to the fixed interest rate hedge, which is recorded in “Other Comprehensive Income (Loss)” in the Consolidated Statements of Comprehensive Income (Loss). The following table summarizes the activity related to the Company’s gross unrecognized tax benefits: (in thousands) 2021 2020 2019 Balance as of January 1 $ 28 $ 28 $ 27 Change in tax due to tax law - - - Increases related to current year tax positions 8 8 10 Increases related to prior year tax positions 200 - - Decreases related to lapsing of statute of limitations (8 ) (8 ) (9 ) Balance as of December 31 $ 228 $ 28 $ 28 It is expected that the amount of unrecognized tax benefits will not twelve 2018 2020 The Company recognized interest related to uncertain tax positions in the income tax provision. The following table reconciles the U.S. federal statutory rate to the Company’s effective tax rate: 2021 2020 2019 U.S. federal statutory rate in effect 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 4.5 % 1.0 % 3.7 % Meals and entertainment 0.1 % (1.8 %) 5.8 % Tax credits (0.1 %) 2.0 % (4.2 %) Stock based compensation - (3.4 %) - All other, net 1.0 % 0.2 % 0.8 % Effective income tax rate 26.5 % 19.0 % 27.1 % Income taxes paid in 2021, 2020 2019 ten 20 not December 31, 2021 2020

Note 16 - Shares Outstanding an

Note 16 - Shares Outstanding and Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	16. Shares Outstanding and Earnings Per Share: Earnings per share have been calculated based on the weighted average number of shares outstanding as set forth below: For the years ended December 31, (in thousands, except per share data) 2021 2020 2019 Weighted average basic shares outstanding 11,492 11,447 11,509 Assumed exercise of stock options and issuance of stock awards 11 - - Weighted average diluted shares outstanding 11,503 11,447 11,509 Net income (loss) $ 121,051 $ (5,595 ) $ 3,856 Basic earnings (loss) per share $ 10.53 $ (0.49 ) $ 0.34 Diluted earnings (loss) per share $ 10.52 $ (0.49 ) $ 0.34 Unvested RSUs 206 235 216

Note 17 - Equity Programs

Note 17 - Equity Programs	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Treasury Stock [Text Block]	17. Equity Programs: Stock Repurchase Program On October 2, 2015, may 10b5 1 may may twelve December 31, 2021) December 31, 2021) 1.00. As of December 31, 2021, There were no shares repurchased during 2021. 2020 2019, At-the-Market Equity Program On September 3, 2021, September 3, 2021 not 2021.

Note 18 - Segment Information

Note 18 - Segment Information	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	18. Segment Information: The Company follows the accounting guidance that requires the utilization of a “management approach” to define and report the financial results of operating segments. The management approach defines operating segments along the lines used by the Company’s chief operating decision maker (CODM) to assess performance and make operating and resource allocation decisions. The CODM evaluates performance and allocates resources based primarily on operating income (loss). The operating segments are based primarily on internal management reporting. The Company operates in three Corporate expenses are reported as a separate line item for segment reporting purposes. Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three The following table provides financial information by segment and reconciles the Company’s operating income by segment to the consolidated income (loss) before income taxes for the years ended December 31, 2021, 2020 2019. For the Year Ended December 31, (in thousands) 2021 2020 2019 Net sales Specialty metals flat products $ 585,751 $ 313,190 $ 363,634 Carbon flat products 1,344,150 690,273 926,903 Tubular and pipe products 382,352 230,681 288,503 Total net sales $ 2,312,253 $ 1,234,144 $ 1,579,040 Depreciation and amortization Specialty metals flat products $ 3,692 $ 1,951 $ 1,830 Carbon flat products 11,286 11,941 11,624 Tubular and pipe products 5,267 5,478 5,408 Corporate 71 120 168 Total depreciation and amortization $ 20,316 $ 19,490 $ 19,030 Operating income Specialty metals flat products $ 70,544 $ 11,666 $ 14,321 Carbon flat products 110,074 (10,289 ) (5,023 ) Tubular and pipe products 7,353 9,019 18,607 Corporate (15,505 ) (9,823 ) (11,295 ) Total operating income $ 172,466 $ 573 $ 16,610 Other loss, net (36 ) (73 ) (32 ) Income before interest and income taxes 172,430 500 16,578 Interest and other expense on debt 7,631 7,411 11,289 Income (loss) before income taxes $ 164,799 $ (6,911 ) $ 5,289 For the Year Ended December 31, (in thousands) 2021 2020 2019 Capital expenditures Flat products $ 8,797 $ 7,589 $ 6,996 Tubular and pipe products 2,214 2,214 3,169 Corporate - - - Total capital expenditures $ 11,011 $ 9,803 $ 10,165 Assets Flat products $ 777,074 $ 404,269 Tubular and pipe products 245,962 235,516 Corporate 536 820 Total assets $ 1,023,572 $ 640,605 There were no December 31, 2021, 2020 2019. The Company sells certain products internationally, primarily in Canada and Mexico. International sales are immaterial to the consolidated financial results and to the individual segments’ results.

Note 19 - Retirement Plans

Note 19 - Retirement Plans	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Retirement Benefits [Text Block]	19. Retirement Plans : The Company’s retirement plans consist of 401 The 401 401 401 one first 401 100% first one In 2005, seven The Company, through its CTI subsidiary, contributes to a multiemployer pension plan. CTI contributes to the Multiemployer Plan under the terms of a collective bargaining agreement that covers certain of its union employees, and which expires May 31, 2025. December 31, 2021 2020. Retirement plan expense, which includes all Company 401 December 31, 2021, 2020 2019, 19 2020. The fair values of the Company's SERP assets as of December 31, 2021 2020 not not

Note 20 - Related-party Transac

Note 20 - Related-party Transactions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	20. Related-Party Transactions : The Company’s Executive Chairman of the Board owns 50% of an entity that owns one December 31, 2023 three five

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	Schedule II Valuation and Qualifying Accounts (in thousands) Additions Description Balance at Charged to Charged to Deductions Balance at End Year Ended December 31, 2019 Allowance for credit losses $ 1,940 $ 590 $ - $ (565 ) $ 1,965 Tax valuation reserve $ 2,055 $ 160 $ - $ - $ 2,215 Year Ended December 31, 2020 Allowance for credit losses $ 1,965 $ 1,154 $ - $ (1,393 ) $ 1,726 Tax valuation reserve $ 2,215 $ 87 $ - $ - $ 2,302 Year Ended December 31, 2021 Allowance for credit losses $ 1,726 $ 1,250 $ - $ (474 ) $ 2,502 Tax valuation reserve $ 2,302 $ 236 $ - $ (1,341 ) $ 1,197

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of Business, Policy [Policy Text Block]	Nature of Business The Company operates in three reportable segments: specialty metals flat products, carbon flat products, and tubular and pipe products. The specialty metals flat products segment and the carbon flat products segment are at times consolidated and referred to as the flat products segments. Certain of the flat products segments’ assets and resources are shared by the specialty metals and carbon flat products segments, and both segments’ products are stored in the shared facilities and, in some locations, processed on shared equipment. Due to the shared assets and resources, certain of the flat products segment expenses are allocated between the specialty metals flat products segment and the carbon flat products segment based upon an established allocation methodology. The specialty metals flat products segment sells and distributes processed aluminum and stainless flat-rolled sheet and coil products, flat bar products and fabricated parts. Through the acquisition of Action Stainless & Alloys, Inc. (Action Stainless) on December 14, 2020, October 1, 2021, 2019, September 17, 2021, Corporate expenses are reported as a separate line item for segment reporting purposes. Corporate expenses include the unallocated expenses related to managing the entire Company (i.e., all three On March 11, 2020, 19 2021, 2021 19 19
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements have been prepared from the financial records of Olympic Steel, Inc. and its wholly-owned subsidiaries (collectively, Olympic or the Company), after elimination of intercompany accounts and transactions.
Use of Estimates, Policy [Policy Text Block]	Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration Risks The Company is a major customer of flat-rolled coil and plate and tubular and pipe steel for many of its principal suppliers, but is not one three 2021, 2020 2019, The Company has a diversified customer and geographic base, which reduces the inherent risk and cyclicality of its business. The concentration of net sales to the Company’s top 20 2021, 2020 2019, 2021, 2020 2019, 2021, 2020, 2019,
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash equivalents consist of short-term highly liquid investments, with a three may not not
Fair Value Measurement, Policy [Policy Text Block]	Fair Market Value Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the liability in an orderly transaction between market participants on the measurement date. Valuation techniques must maximize the use of observable inputs and minimize the use of unobservable inputs. To measure fair value, the Company applies a fair value hierarchy that is based on three first two Level 1 Level 2 1 not Level 3 no Financial instruments, such as cash and cash equivalents, accounts receivable, accounts payable and the credit facility, are stated at their carrying value, which is a reasonable estimate of fair value. The fair value of marketable securities is based on quoted market prices.
Accounts Receivable [Policy Text Block]	Allowance for Credit Losses The Company’s allowance for credit losses is maintained at a level considered appropriate based on historical experience and specific customer collection issues that the Company has identified. Estimations are based upon the application of a historical collection rate to the outstanding accounts receivable balance, which remains fairly level from year to year, and judgments about the probable effects of economic conditions on certain customers, which can fluctuate significantly from year to year. The Company cannot guarantee that the rate of future credit losses will be similar to past experience. The Company considers all available information when assessing the adequacy of the allowance for credit losses each quarter.
Inventory, Policy [Policy Text Block]	Inventory Valuation Non-last-in, first Costs of the Company’s specialty metals and carbon flat products segments’ inventories, including flat-rolled sheet, coil and plate products are determined using the specific identification method. Certain of the Company’s tubular and pipe products inventory is stated under the LIFO method. At December 31, 2021 December 31, 2020, first first On the Consolidated Statements of Comprehensive Income (Loss), “Cost of materials sold (exclusive of items shown separately below)” consists of the cost of purchased metals, inbound and internal transfer freight, external processing costs, and LIFO income or expense.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment, and Depreciation Property and equipment are stated at cost. Depreciation is provided using the straight-line method over the estimated useful lives of the assets ranging from two five
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Intangible Assets and Recoverability of Long-lived Assets The Company performs an annual impairment test of indefinite-lived intangible assets in the fourth If a quantitative fair value measurement is used, the fair value of each indefinite-lived intangible asset is compared to its carrying value and an impairment charge is recorded if the carrying value exceeds the fair value. The Company estimates the fair value of indefinite-lived intangible assets using a discounted cash flow methodology. Management’s assumptions used for the calculations are based on historical results, projected financial information and recent economic events. Actual results could differ from these estimates under different assumptions or conditions, which could adversely affect the reported value of intangible assets. The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives whenever events or changes in circumstances indicate that the carrying value may not may not
Income Tax, Policy [Policy Text Block]	Income Taxes The Company records, as an offset to the estimated effect of temporary differences between the tax basis of assets and liabilities and the reported amounts in its consolidated balance sheets, the tax effect of operating loss and tax credit carryforwards. If the Company determines that it will not The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not not 50 The Company had no December 31, 2021. no one December 31, 2021.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition The Company's contracts with customers are comprised of purchase orders with standard terms and conditions. Occasionally the Company may Transfer of control is assessed based on the use of the product distributed and rights to payment for performance under the contract terms. Transfer of control and revenue recognition for substantially all of the Company’s sales occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms. The shipping terms depend on the customer contract. An invoice for payment is issued at time of shipment and terms are generally net 30 one Sales returns and allowances are treated as reductions to sales and are provided for based on historical experience and current estimates and are immaterial to the consolidated financial statements.
Contract with Customer Liabilities, Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Fees and Costs Amounts charged to customers for shipping and other transportation services are included in net sales. The distribution expense line on the accompanying Consolidated Statements of Comprehensive Income (Loss) is entirely comprised of all shipping and other transportation costs incurred by the Company in shipping goods to its customers.
Share-based Payment Arrangement [Policy Text Block]	Stock-Based Compensation The Company records compensation expense for stock awards issued to employees and directors. For additional information, see Note 13,
New Accounting Pronouncements, Policy [Policy Text Block]	Impact of Recently Issued Accounting Pronouncements In December 2019, No. 2019 12, 740 740 2019 12 December 15, 2020. first 2021 not In June 2016, No. 2016 13, 326 January 1, 2020 not

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Shaw Action Stainless EZ Dumper McCullough As of As of As of As of Details of Acquisition (in thousands) October 1, 2021 December 14, 2020 August 5, 2019 January 2, 2019 Assets acquired Accounts receivable, net $ 1,510 $ 3,239 $ - $ 461 Inventories 3,129 3,656 43 586 Property and equipment 1,886 10,610 67 4,138 Prepaid expenses and other 5,986 204 - - Goodwill 5,262 1,894 166 898 Intangible assets 2,750 4,410 23 5,599 Total assets acquired 20,523 24,013 299 11,682 Total liabilities assumed (8,418 ) (4,513 ) (166 ) (682 ) Cash paid $ 12,105 $ 19,500 $ 133 $ 11,000

Note 4 - Revenue Recognition (T

Note 4 - Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2021 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 31.4 % - - 31.4 % Plate 10.4 % - - 10.4 % Cold Rolled 7.0 % - - 7.0 % Coated 7.7 % - - 7.7 % Specialty - 25.3 % - 25.3 % Pipe & Tube - - 16.5 % 16.5 % Other 1.6 % 0.1 % - 1.7 % Total 58.1 % 25.4 % 16.5 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2020 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 29.7 % - - 29.7 % Plate 9.6 % - - 9.6 % Cold Rolled 5.9 % - - 5.9 % Coated 9.6 % - - 9.6 % Specialty - 23.5 % - 23.5 % Pipe & Tube - - 18.7 % 18.7 % Other 1.1 % 1.9 % - 3.0 % Total 55.9 % 25.4 % 18.7 % 100.0 % Disaggregated Revenue by Products Sold For the Twelve Months Ended December 31, 2019 Carbon flat products Specialty metals flat products Tubular and pipe products Total Hot Rolled 32.3 % - - 32.3 % Plate 12.2 % - - 12.2 % Cold Rolled 5.5 % - - 5.5 % Coated 7.7 % - - 7.7 % Specialty - 20.9 % - 20.9 % Pipe & Tube - - 18.3 % 18.3 % Other 1.0 % 2.1 % - 3.1 % Total 58.7 % 23.0 % 18.3 % 100.0 %

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	As of December 31, (in thousands) 2021 2020 Unprocessed $ 417,595 $ 194,614 Processed and finished 67,434 45,387 Total $ 485,029 $ 240,001

Note 7 - Property and Equipme_2

Note 7 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Property, Plant and Equipment [Table Text Block]	(in thousands) Depreciable Lives December 31, 2021 December 31, 2020 Land - $ 15,238 $ 15,698 Land improvements 5 - 10 3,780 3,742 Buildings and improvements 7 - 30 141,979 148,507 Machinery and equipment 2 - 15 210,410 222,802 Furniture and fixtures 3 - 7 6,229 6,699 Computer software and equipment 2 - 5 25,053 28,977 Vehicles 2 - 5 3,054 2,504 Financing lease 2,710 3,582 Construction in progress - 4,943 2,068 413,396 434,579 Less accumulated depreciation (266,340 ) (277,379 ) Net property and equipment $ 147,056 $ 157,200

Note 8 - Goodwill and Intangi_2

Note 8 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Goodwill [Table Text Block]	(in thousands) Carbon Flat Specialty Tubular and Total Balance as of December 31, 2019 $ 1,065 $ 2,358 $ - $ 3,423 Acquisitions - 1,700 - 1,700 Impairments - - - - Balance as of December 31, 2020 1,065 4,058 - 5,123 Acquisitions - 5,373 - 5,373 Impairments - - - - Balance as of December 31, 2021 $ 1,065 $ 9,431 $ - $ 10,496
Schedule of Finite and Indefinite Lived Intangible Assets [Table Text Block]	As of December 31, 2021 (in thousands) Gross Carrying Accumulated Intangible Assets, Customer relationships - subject to amortization $ 22,559 $ (10,552 ) $ 12,007 Covenant not to compete - subject to amortization 509 (231 ) 278 Trade name - not subject to amortization 21,368 - 21,368 $ 44,436 $ (10,783 ) $ 33,653 As of December 31, 2020 (in thousands) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Customer relationships - subject to amortization $ 21,442 $ (9,101 ) $ 12,341 Covenant not to compete - subject to amortization 259 (186 ) 73 Trade name - not subject to amortization 20,179 - 20,179 $ 41,880 $ (9,287 ) $ 32,593

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Lease, Cost [Table Text Block]	(in thousands) 2021 2020 2019 Operating lease cost $ 6,952 $ 7,089 $ 7,013 Finance lease cost Amortization 721 254 67 Interest on lease liabilities 71 54 15 $ 792 $ 308 $ 82
Lease, Payment [Table Text Block]	(in thousands) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,830 $ 6,996 $ 6,913 Operating cash flows from finance leases 71 54 15 Financing cash flows from finance leases 699 242 63 Total cash paid for amounts included in the measurement of lease liabilities $ 7,600 $ 7,292 $ 6,991
Lease, Balance Sheet Information [Table Text Block]	(in thousands) 2021 2020 Operating leases Operating lease $ 42,023 $ 36,060 Operating lease accumulated amortization (14,297 ) (10,706 ) Operating lease right of use asset, net $ 27,726 $ 25,354 Operating lease current liabilities 5,940 5,580 Operating lease liabilities 22,137 19,965 $ 28,077 $ 25,545 (in thousands) 2021 2020 Finance leases Finance lease $ 2,710 $ 3,582 Finance lease accumulated depreciation (965 ) (333 ) Finance lease, net $ 1,745 $ 3,249 Finance lease current liabilities 661 815 Finance lease liabilities 1,115 2,453 $ 1,776 $ 3,268 Weighted average remaining lease term (in years) 2021 2020 Operating leases 6 Finance leases 4 Weighted average discount rate Operating leases 3.44 % 3.76 % Finance leases 3.42 % 3.80 %
Operating and Finance Lease, Liability, Maturity [Table Text Block]	(in thousands) Operating Lease Finance Lease Year Ending December 31, 2022 $ 6,775 $ 709 2023 5,770 441 2024 5,004 355 2025 3,769 188 2026 2,857 149 Thereafter 7,154 44 Total future minimum lease payments $ 31,329 $ 1,886 Less remaining imputed interest (3,252 ) (110 ) Total $ 28,077 $ 1,776

Note 10 - Debt (Tables)

Note 10 - Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	As of December 31, (in thousands) 2021 2020 Asset-based revolving credit facility due June 16, 2026 $ 327,764 $ 160,609 Total debt 327,764 160,609 Less current amount - - Total long-term debt $ 327,764 $ 160,609
Schedule of Maturities of Long-term Debt [Table Text Block]	(in thousands) 2022 2023 2024 2025 2026 Total ABL Credit Facility $ - $ - $ - $ - $ 327,764 $ 327,764 Total principal payments $ - $ - $ - $ - $ 327,764 $ 327,764

Note 11 - Derivative Instrume_2

Note 11 - Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Net Gain (Loss) Recognized (in thousands) 2021 2020 2019 Fixed interest rate hedge $ (1,880 ) $ (1,520 ) $ (227 ) Metals swaps 418 55 291 Embedded customer derivatives (418 ) (55 ) (291 ) Total loss $ (1,880 ) $ (1,520 ) $ (227 )

Note 12 - Fair Value of Asset_2

Note 12 - Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Value of Items Recorded at Fair Value As of December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Assets: Metal Swaps $ - $ 2,286 $ - $ 2,286 Total assets at fair value $ - $ 2,286 $ - $ 2,286 Liabilities: Metal Swaps $ - $ 2,178 $ - $ 2,178 Fixed interest rate hedge - 2,661 - 2,661 Total liabilities recorded at fair value $ - $ 4,839 $ - $ 4,839 Value of Items Recorded at Fair Value As of December 31, 2020 (in thousands) Level 1 Level 2 Level 3 Total Liabilities: Fixed interest rate hedge - 5,620 - 5,620 Total liabilities recorded at fair value $ - $ 5,620 $ - $ 5,620

Note 13 - Equity Plans (Tables)

Note 13 - Equity Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	For the years ended December 31, (in thousands) 2021 2020 2019 RSU expense before taxes of the Plan $ 1,045 $ 1,265 $ 965 RSU expense after taxes 767 1,024 704
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	2021 2020 2019 Number of Weighted Average Number of Weighted Number of Weighted Beginning balance 610,540 $ 18.25 636,086 $ 19.25 527,546 $ 20.65 Granted 20,604 23.29 70,588 11.92 207,521 16.36 Converted into shares (49,191 ) 18.67 (94,161 ) 20.27 (96,845 ) 20.59 Forfeited (5,086 ) 17.55 (1,973 ) 18.14 (2,136 ) 22.80 Outstanding at December 31 576,867 $ 18.40 610,540 $ 18.25 636,086 $ 19.25 Vested at December 31 370,771 $ 18.78 375,692 $ 18.88 419,721 $ 20.37

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	As of December 31, (in thousands) 2021 2020 2019 Current: Federal $ 36,592 $ 321 $ 1,747 International 85 103 107 State and local 7,739 59 22 44,416 483 1,876 Deferred (668 ) (1,799 ) (443 ) Income tax provision (benefit) $ 43,748 $ (1,316 ) $ 1,433
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(in thousands) 2021 2020 Deferred tax assets: Inventory (excluding LIFO reserve) $ 2,198 $ 1,529 Net operating loss and tax credit carryforwards 1,375 3,510 Allowance for credit losses 626 440 Accrued expenses 5,288 5,778 Lease liabilities 8,568 7,348 Interest rate hedge 665 1,405 Other 205 390 Deferred tax assets before valuation allowance 18,925 20,400 Valuation allowance (1,197 ) (2,302 ) Total deferred tax assets 17,728 18,098 Deferred tax liabilities: LIFO reserve (3,500 ) (3,528 ) Property and equipment (12,293 ) (13,562 ) Lease right of use assets (8,483 ) (7,294 ) Intangibles (3,342 ) (3,532 ) Total deferred tax liabilities (27,618 ) (27,916 ) Deferred tax liabilities, net $ (9,890 ) $ (9,818 )
Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]	(in thousands) 2021 2020 2019 Balance as of January 1 $ 28 $ 28 $ 27 Change in tax due to tax law - - - Increases related to current year tax positions 8 8 10 Increases related to prior year tax positions 200 - - Decreases related to lapsing of statute of limitations (8 ) (8 ) (9 ) Balance as of December 31 $ 228 $ 28 $ 28
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2021 2020 2019 U.S. federal statutory rate in effect 21.0 % 21.0 % 21.0 % State and local taxes, net of federal benefit 4.5 % 1.0 % 3.7 % Meals and entertainment 0.1 % (1.8 %) 5.8 % Tax credits (0.1 %) 2.0 % (4.2 %) Stock based compensation - (3.4 %) - All other, net 1.0 % 0.2 % 0.8 % Effective income tax rate 26.5 % 19.0 % 27.1 %

Note 16 - Shares Outstanding _2

Note 16 - Shares Outstanding and Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the years ended December 31, (in thousands, except per share data) 2021 2020 2019 Weighted average basic shares outstanding 11,492 11,447 11,509 Assumed exercise of stock options and issuance of stock awards 11 - - Weighted average diluted shares outstanding 11,503 11,447 11,509 Net income (loss) $ 121,051 $ (5,595 ) $ 3,856 Basic earnings (loss) per share $ 10.53 $ (0.49 ) $ 0.34 Diluted earnings (loss) per share $ 10.52 $ (0.49 ) $ 0.34 Unvested RSUs 206 235 216

Note 18 - Segment Information (

Note 18 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, (in thousands) 2021 2020 2019 Net sales Specialty metals flat products $ 585,751 $ 313,190 $ 363,634 Carbon flat products 1,344,150 690,273 926,903 Tubular and pipe products 382,352 230,681 288,503 Total net sales $ 2,312,253 $ 1,234,144 $ 1,579,040 Depreciation and amortization Specialty metals flat products $ 3,692 $ 1,951 $ 1,830 Carbon flat products 11,286 11,941 11,624 Tubular and pipe products 5,267 5,478 5,408 Corporate 71 120 168 Total depreciation and amortization $ 20,316 $ 19,490 $ 19,030 Operating income Specialty metals flat products $ 70,544 $ 11,666 $ 14,321 Carbon flat products 110,074 (10,289 ) (5,023 ) Tubular and pipe products 7,353 9,019 18,607 Corporate (15,505 ) (9,823 ) (11,295 ) Total operating income $ 172,466 $ 573 $ 16,610 Other loss, net (36 ) (73 ) (32 ) Income before interest and income taxes 172,430 500 16,578 Interest and other expense on debt 7,631 7,411 11,289 Income (loss) before income taxes $ 164,799 $ (6,911 ) $ 5,289
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, (in thousands) 2021 2020 2019 Capital expenditures Flat products $ 8,797 $ 7,589 $ 6,996 Tubular and pipe products 2,214 2,214 3,169 Corporate - - - Total capital expenditures $ 11,011 $ 9,803 $ 10,165 Assets Flat products $ 777,074 $ 404,269 Tubular and pipe products 245,962 235,516 Corporate 536 820 Total assets $ 1,023,572 $ 640,605

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Summary of Valuation Allowance [Table Text Block]	Additions Description Balance at Charged to Charged to Deductions Balance at End Year Ended December 31, 2019 Allowance for credit losses $ 1,940 $ 590 $ - $ (565 ) $ 1,965 Tax valuation reserve $ 2,055 $ 160 $ - $ - $ 2,215 Year Ended December 31, 2020 Allowance for credit losses $ 1,965 $ 1,154 $ - $ (1,393 ) $ 1,726 Tax valuation reserve $ 2,215 $ 87 $ - $ - $ 2,302 Year Ended December 31, 2021 Allowance for credit losses $ 1,726 $ 1,250 $ - $ (474 ) $ 2,502 Tax valuation reserve $ 2,302 $ 236 $ - $ (1,341 ) $ 1,197

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019
Number of Reportable Segments	3
LIFO Inventory Amount	$ 55.4	$ 50.3
Percentage of LIFO Inventory	11.40%	21.00%
Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	2 years
Minimum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	2 years
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	30 years
Maximum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Steel Requirements [Member] | Supplier Concentration Risk [Member] | Three Largest Suppliers [Member]
Concentration Risk, Percentage	51.00%	56.00%	57.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Top 20 [Member]
Concentration Risk, Percentage	23.00%	25.00%	29.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Largest Customer [Member]
Concentration Risk, Percentage	2.00%	2.00%	5.00%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Industrial Machinery and Equipment Manufacturers and Fabricators [Member]
Concentration Risk, Percentage	47.00%	45.00%	46.00%

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Millions	Oct. 01, 2021	Dec. 14, 2020	Aug. 05, 2019	Jan. 02, 2019
Shaw Stainless & Alloy, Inc [Member]
Business Combination, Consideration Transferred, Total	$ 12.1
Action Stainless & Alloys, Inc. [Member]
Business Combination, Consideration Transferred, Total		$ 19.5
EZ-Dumper [Member]
Payments to Acquire Businesses, Gross			$ 0.1
McCullough [Member]
Business Combination, Consideration Transferred, Total				$ 11

Note 2 - Acquisitions - Purchas

Note 2 - Acquisitions - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Oct. 01, 2021	Dec. 31, 2020	Dec. 14, 2020	Dec. 31, 2019	Aug. 05, 2019	Feb. 02, 2019
Goodwill	$ 10,496		$ 5,123		$ 3,423
Shaw Stainless & Alloy, Inc [Member]
Accounts receivable, net		$ 1,510
Inventories		3,129
Property and equipment		1,886
Prepaid expenses and other		5,986
Goodwill		5,262
Intangible assets		2,750
Total assets acquired		20,523
Total liabilities assumed		(8,418)
Cash paid		$ 12,105
Action Stainless & Alloys, Inc. [Member]
Accounts receivable, net				$ 3,239
Inventories				3,656
Property and equipment				10,610
Prepaid expenses and other				204
Goodwill				1,894
Intangible assets				4,410
Total assets acquired				24,013
Total liabilities assumed				(4,513)
Cash paid				$ 19,500
EZ-Dumper [Member]
Accounts receivable, net						$ 0
Inventories						43
Property and equipment						67
Prepaid expenses and other						0
Goodwill						166
Intangible assets						23
Total assets acquired						299
Total liabilities assumed						(166)
Cash paid						$ 133
McCullough [Member]
Accounts receivable, net							$ 461
Inventories							586
Property and equipment							4,138
Prepaid expenses and other							0
Goodwill							898
Intangible assets							5,599
Total assets acquired							11,682
Total liabilities assumed							(682)
Cash paid							$ 11,000

Note 3 - Disposition of Assets

Note 3 - Disposition of Assets (Details Textual) $ in Millions	Sep. 17, 2021USD ($)
Sale of Operations, Consideration Received or Receivable	$ 58.4
Estimated Working Capital Adjustment	13.5
Sale of Operations, Property and Equipment	9.5
Sale of Operations, Gain (Loss) on Sale of Operations, Before Tax	$ 3.5

Note 4 - Revenue Recognition -

Note 4 - Revenue Recognition - Disaggregation of Revenues, Percentage (Details)	12 Months Ended		24 Months Ended
	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2021
Percentage of net sales	100.00%	100.00%	100.00%
Hot Rolled Products [Member]
Percentage of net sales	31.40%	32.30%	29.70%
Plate Products [Member]
Percentage of net sales	10.40%	12.20%	9.60%
Cold Rolled Products [Member]
Percentage of net sales	7.00%	5.50%	5.90%
Coated Products [Member]
Percentage of net sales	7.70%	7.70%	9.60%
Specialty [Member]
Percentage of net sales	25.30%	20.90%	23.50%
Pipe and Tube Products [Member]
Percentage of net sales	16.50%	18.30%	18.70%
Product and Service, Other [Member]
Percentage of net sales	1.70%	3.10%	3.00%
Carbon Flat Products [Member]
Percentage of net sales	58.10%	58.70%	55.90%
Carbon Flat Products [Member] | Hot Rolled Products [Member]
Percentage of net sales	31.40%	32.30%	29.70%
Carbon Flat Products [Member] | Plate Products [Member]
Percentage of net sales	10.40%	12.20%	9.60%
Carbon Flat Products [Member] | Cold Rolled Products [Member]
Percentage of net sales	7.00%	5.50%	5.90%
Carbon Flat Products [Member] | Coated Products [Member]
Percentage of net sales	7.70%	7.70%	9.60%
Carbon Flat Products [Member] | Specialty [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Carbon Flat Products [Member] | Pipe and Tube Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Carbon Flat Products [Member] | Product and Service, Other [Member]
Percentage of net sales	1.60%	1.00%	1.10%
Specialty Metals Flat Products [Member]
Percentage of net sales	25.40%	23.00%	25.40%
Specialty Metals Flat Products [Member] | Hot Rolled Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Specialty Metals Flat Products [Member] | Plate Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Specialty Metals Flat Products [Member] | Cold Rolled Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Specialty Metals Flat Products [Member] | Coated Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Specialty Metals Flat Products [Member] | Specialty [Member]
Percentage of net sales	25.30%	20.90%	23.50%
Specialty Metals Flat Products [Member] | Pipe and Tube Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Specialty Metals Flat Products [Member] | Product and Service, Other [Member]
Percentage of net sales	0.10%	2.10%	1.90%
Tubular and Pipe Products [Member]
Percentage of net sales	16.50%	18.30%	18.70%
Tubular and Pipe Products [Member] | Hot Rolled Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Tubular and Pipe Products [Member] | Plate Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Tubular and Pipe Products [Member] | Cold Rolled Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Tubular and Pipe Products [Member] | Coated Products [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Tubular and Pipe Products [Member] | Specialty [Member]
Percentage of net sales	0.00%	0.00%	0.00%
Tubular and Pipe Products [Member] | Pipe and Tube Products [Member]
Percentage of net sales	16.50%	18.30%	18.70%
Tubular and Pipe Products [Member] | Product and Service, Other [Member]
Percentage of net sales	0.00%	0.00%	0.00%

Note 5 - Accounts Receivable (D

Note 5 - Accounts Receivable (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss, Current	$ 4.4	$ 3.6
Accounts Receivable, Credit Loss Expense (Reversal)	$ 1.3	$ 1.2	$ 0.6

Note 6 - Inventories (Details T

Note 6 - Inventories (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Inventory, LIFO Reserve, Period Charge	$ 21.9	$ 1.5
Inventory Difference Using FIFO Basis	$ 19.7	$ (2.1)

Note 6 - Inventories - Steel In

Note 6 - Inventories - Steel Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Unprocessed	$ 417,595	$ 194,614
Processed and finished	67,434	45,387
Total	$ 485,029	$ 240,001

Note 7 - Property and Equipme_3

Note 7 - Property and Equipment (Details Textual)	12 Months Ended
	Dec. 31, 2021
Leasehold Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	7 years

Note 7 - Property and Equipme_4

Note 7 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property and equipment, at cost	$ 413,396	$ 434,579
Financing lease	2,710	3,582
Accumulated depreciation	(266,340)	(277,379)
Net property and equipment	$ 147,056	157,200
Minimum [Member]
Depreciable lives (Year)	2 years
Maximum [Member]
Depreciable lives (Year)	30 years
Land [Member]
Property and equipment, at cost	$ 15,238	15,698
Land Improvements [Member]
Property and equipment, at cost	$ 3,780	3,742
Land Improvements [Member] | Minimum [Member]
Depreciable lives (Year)	5 years
Land Improvements [Member] | Maximum [Member]
Depreciable lives (Year)	10 years
Building and Building Improvements [Member]
Property and equipment, at cost	$ 141,979	148,507
Building and Building Improvements [Member] | Minimum [Member]
Depreciable lives (Year)	7 years
Building and Building Improvements [Member] | Maximum [Member]
Depreciable lives (Year)	30 years
Machinery and Equipment [Member]
Property and equipment, at cost	$ 210,410	222,802
Machinery and Equipment [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Machinery and Equipment [Member] | Maximum [Member]
Depreciable lives (Year)	15 years
Furniture and Fixtures [Member]
Property and equipment, at cost	$ 6,229	6,699
Furniture and Fixtures [Member] | Minimum [Member]
Depreciable lives (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Depreciable lives (Year)	7 years
Software and Software Development Costs [Member]
Property and equipment, at cost	$ 25,053	28,977
Depreciable lives (Year)	5 years
Software and Software Development Costs [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Software and Software Development Costs [Member] | Maximum [Member]
Depreciable lives (Year)	5 years
Vehicles [Member]
Property and equipment, at cost	$ 3,054	2,504
Vehicles [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Vehicles [Member] | Maximum [Member]
Depreciable lives (Year)	5 years
Construction in Progress [Member]
Property and equipment, at cost	$ 4,943	$ 2,068

Note 8 - Goodwill and Intangi_3

Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Impairment of Intangible Assets (Excluding Goodwill), Total	$ 0	$ 0
Finite-Lived Intangible Asset, Expected Amortization, Year One	1,600
Finite-Lived Intangible Asset, Expected Amortization, Year Two	1,600
Finite-Lived Intangible Asset, Expected Amortization, Year Three	1,600
Finite-Lived Intangible Asset, Expected Amortization, Year Four	1,600
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 1,200
Customer Relationships [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Customer Relationships [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	15 years
Noncompete Agreements [Member] | Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	1 year
Noncompete Agreements [Member] | Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years

Note 8 - Goodwill and Intangi_4

Note 8 - Goodwill and Intangible Assets - Goodwill, by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 5,123	$ 3,423
Acquisitions	5,373	1,700
Impairments	0	0
Balance	10,496	5,123
Carbon Flat Products [Member]
Balance	1,065	1,065
Acquisitions	0	0
Impairments	0	0
Balance	1,065	1,065
Specialty Metals Flat Products [Member]
Balance	4,058	2,358
Acquisitions	5,373	1,700
Impairments	0	0
Balance	9,431	4,058
Tubular and Pipe Products [Member]
Balance	0	0
Acquisitions	0	0
Impairments	0	0
Balance	$ 0	$ 0

Note 8 - Goodwill and Intangi_5

Note 8 - Goodwill and Intangible Assets - Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accumulated amortization	$ (10,783)	$ (9,287)
Intangible assets, gross	44,436	41,880
Intangible assets, net	33,653	32,593
Trade Names [Member]
Trade name - not subject to amortization	21,368	20,179
Customer Relationships [Member]
Finite-lived intangible assets, gross	22,559	21,442
Accumulated amortization	(10,552)	(9,101)
Finite-lived intangible assets, net	12,007	12,341
Noncompete Agreements [Member]
Finite-lived intangible assets, gross	509	259
Accumulated amortization	(231)	(186)
Finite-lived intangible assets, net	$ 278	$ 73

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Chief Executive Officer [Member] | Related Entity That Owns Cleveland Warehouse [Member]
Equity Method Investment, Ownership Percentage	50.00%
Affiliated Entity [Member] | Cleveland Warehouse [Member]
Lessee, Operating Lease, Renewal Term (Year)	5 years
Operating Lease, Annual Expense	$ 0.2
Minimum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	1 year
Maximum [Member]
Lessee, Operating Lease, Remaining Lease Term (Year)	17 years
Lessee, Operating Lease, Renewal Term (Year)	5 years

Note 9 - Leases - Lease Cost (D

Note 9 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating lease cost	$ 6,952	$ 7,089	$ 7,013
Finance lease cost
Amortization	721	254	67
Interest on lease liabilities	71	54	15
Finance Lease, Cost	$ 792	$ 308	$ 82

Note 9 - Leases - Lease Payment

Note 9 - Leases - Lease Payments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating cash flows from operating leases	$ 6,830	$ 6,996	$ 6,913
Operating cash flows from finance leases	71	54	15
Financing cash flows from finance leases	699	242	63
Total cash paid for amounts included in the measurement of lease liabilities	$ 7,600	$ 7,292	$ 6,991

Note 9 - Leases - Balance Sheet

Note 9 - Leases - Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating lease	$ 42,023	$ 36,060
Operating lease accumulated amortization	(14,297)	(10,706)
Operating lease right of use asset, net	27,726	25,354
Current portion of lease liabilities	5,940	5,580
Operating lease, operating lease liabilities	22,137	19,965
Operating Lease, Liability, Total	28,077	25,545
Property and equipment, at cost	413,396	434,579
Accumulated depreciation	$ (266,340)	$ (277,379)
Operating leases (Year)	6 years
Finance leases (Year)	4 years
Operating leases	3.44%	3.76%
Finance leases	3.42%	3.80%
Other Accrued Liabilities [Member]
Finance lease current liabilities	$ 661	$ 815
Other Noncurrent Liabilities [Member]
Finance lease liabilities	1,115	2,453
Other Accrued Liabilities and Other Long-term Liabilities [Member]
Finance Lease, Liability, Total	1,776	3,268
Assets Held Under Finance Leases [Member]
Property and equipment, at cost	2,710	3,582
Accumulated depreciation	(965)	(333)
Finance lease, net	$ 1,745	$ 3,249

Note 9 - Leases - Maturities of

Note 9 - Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating lease, 2022	$ 6,775
Finance lease, 2022	709
Operating lease, 2023	5,770
Finance lease, 2023	441
Operating lease, 2024	5,004
Finance lease, 2024	355
Operating lease, 2025	3,769
Finance lease, 2025	188
Operating lease, 2026	2,857
Finance lease, 2026	149
Operating lease, Thereafter	7,154
Finance lease, Thereafter	44
Operating lease, Total future minimum lease payments	31,329
Finance lease, Total future minimum lease payments	1,886
Operating lease, Less remaining imputed interest	(3,252)
Finance lease, Less remaining imputed interest	(110)
Operating lease, Total	28,077	$ 25,545
Current Portion and Lease Liabilities [Member]
Operating lease, Total	28,077
Other Accrued Liabilities and Other Long-term Liabilities [Member]
Finance lease, Total	$ 1,776	$ 3,268

Note 10 - Debt (Details Textual

Note 10 - Debt (Details Textual) $ in Thousands	Dec. 14, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 16, 2021USD ($)
Interest Paid, Excluding Capitalized Interest, Operating Activities		$ 6,843	$ 7,002	$ 10,951
Long-term Debt, Gross		255,800	188,400	$ 257,600
Industrial Revenue Bond Member [Member]
Repayments of Long-term Debt, Total		$ 1,600	$ 900
All Debt, Excluding Deferred Financing Fees and Deferred Commitment Fees [Member]
Debt Instrument, Interest Rate, Effective Percentage		2.50%	3.30%	4.00%
ABL Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 475,000
Derivative, Term of Contract (Year)		5 years
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member]
Line of Credit Facility, Maximum Borrowing Capacity					445,000
Letters of Credit, Maximum Borrowing Capacity					20,000
Maximum First In, Last Out Revolving Credit Facility					30,000
Line of Credit Facility, Additional Commitments, Maximum					$ 200,000
Line Of Credit Facility Covenant Terms Monetary	$ 30,000
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments	10.00%
Balance Required for Compliance with Revolver Commitments		$ 47,500
Line of Credit Facility Covenant Terms Percentage of Aggregate Borrowing Base	10.00%
Line of Credit Facility Covenant Terms Aggregate Borrowing Base		$ 47,500
Line of Credit Facility Covenant Terms EBITDA Ratio		1
Line of Credit Facility, Remaining Borrowing Capacity		$ 143,500
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.00%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		0.25%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%
ABL Credit Facility [Member] | Asset Based Revolving Credit Facility Due June 16, 2026 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%

Note 10 - Debt - Summary of Deb

Note 10 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Asset-based revolving credit facility	$ 327,764	$ 160,609
Total debt	327,764	160,609
Less current amount	0	0
Total long-term debt	327,764	160,609
Asset Based Revolving Credit Facility Due December 8, 2022 [Member]
Asset-based revolving credit facility	$ 327,764	$ 160,609

Note 10 - Debt - Summary of D_2

Note 10 - Debt - Summary of Debt (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Asset Based Revolving Credit Facility Due December 8, 2022 [Member]
Maturity date	Jun. 16, 2026	Jun. 16, 2026

Note 10 - Debt - Principal Paym

Note 10 - Debt - Principal Payments Over the Next 5 Years and Thereafter (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
2022	$ 0
2023	0
2024	0
2025	0
2026	327,764
Total	327,764	$ 160,609
ABL Credit Facility [Member]
2022	0
2023	0
2024	0
2025	0
2026	327,764
Total	$ 327,764

Note 11 - Derivative Instrume_3

Note 11 - Derivative Instruments (Details Textual) - USD ($) $ in Thousands	Jan. 10, 2019	Dec. 31, 2021	Dec. 31, 2020
Metal Swaps [Member]
Derivative, Notional Amount			$ 0
Interest Rate Swap [Member]
Derivative, Notional Amount	$ 75,000
Derivative, Term of Contract (Year)	5 years
Derivative, Fixed Interest Rate	2.57%
Interest Rate Swap [Member] | Other Noncurrent Liabilities [Member]
Derivative Liability, Total		$ 2,700	$ 5,600

Note 11 - Derivative Instrume_4

Note 11 - Derivative Instruments - Impact from Derivatives on Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net Gain (Loss) Recognized	$ (1,880)	$ (1,520)	$ (227)
Interest Rate Swap [Member]
Net Gain (Loss) Recognized	(1,880)	(1,520)	(227)
Metal Swaps [Member]
Net Gain (Loss) Recognized	418	55	291
Embedded Customer Derivatives [Member]
Net Gain (Loss) Recognized	$ (418)	$ (55)	$ (291)

Note 12 - Fair Value of Asset_3

Note 12 - Fair Value of Assets and Liabilities (Details Textual) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Revolving Credit Facility [Member]
Long-term Debt, Fair Value	$ 327.8	$ 160.6

Note 12 - Fair Value of Asset_4

Note 12 - Fair Value of Assets and Liabilities - Fair Value Measurements, Recorded (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Total assets at fair value	$ 2,286
Total liabilities recorded at fair value	4,839	$ 5,620
Metal Swaps [Member]
Derivative asset	2,286
Derivative Liability, Total	2,178
Interest Rate Swap [Member]
Derivative Liability, Total	2,661	5,620
Fair Value, Inputs, Level 1 [Member]
Total assets at fair value	0
Total liabilities recorded at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Metal Swaps [Member]
Derivative asset	0
Derivative Liability, Total	0
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Derivative Liability, Total	0	0
Fair Value, Inputs, Level 2 [Member]
Total assets at fair value	2,286
Total liabilities recorded at fair value	4,839	5,620
Fair Value, Inputs, Level 2 [Member] | Metal Swaps [Member]
Derivative asset	2,286
Derivative Liability, Total	2,178
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Derivative Liability, Total	2,661	5,620
Fair Value, Inputs, Level 3 [Member]
Total assets at fair value	0
Total liabilities recorded at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Metal Swaps [Member]
Derivative asset	0
Derivative Liability, Total	0
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Derivative Liability, Total	$ 0	$ 0

Note 13 - Equity Plans (Details

Note 13 - Equity Plans (Details Textual) - USD ($)	Jan. 01, 2020	Jan. 01, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			20,604	70,588	207,521
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 1,000,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year 3 months 18 days
Restricted Stock Units (RSUs) [Member] | Supplemental Employee Retirement Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			0	0	62,229
Restricted Stock Units (RSUs) [Member] | Senior Management Stock Incentive Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Participant's Base Salary			10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Amount Per Employee			$ 17,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			0	0
Restricted Stock Units (RSUs) [Member] | Non-Employee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Value			$ 80,000
Restricted Stock Units (RSUs) [Member] | Non-Employee Director [Member] | Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			1 year
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		51,506
Restricted Stock Units (RSUs) [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		5 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		14,891
Restricted Stock Units (RSUs) [Member] | President and Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	15,694
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)			1,400,000

Note 13 - Equity Plans - Stock-

Note 13 - Equity Plans - Stock-based Compensation Expense Recognized on Restricted Stock Units (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
RSU expense before taxes of the Plan	$ 1,045	$ 1,265	$ 965
RSU expense after taxes	$ 767	$ 1,024	$ 704

Note 13 - Equity Plans - Restri

Note 13 - Equity Plans - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Beginning balance, number of shares (in shares)	610,540	636,086	527,546
Beginning balance, weighted average estimated fair value (in dollars per share)	$ 18.25	$ 19.25	$ 20.65
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	20,604	70,588	207,521
Granted, weighted average estimated fair value (in dollars per share)	$ 23.29	$ 11.92	$ 16.36
Converted into shares, number of shares (in shares)	(49,191)	(94,161)	(96,845)
Converted into shares, weighted average estimated fair value (in dollars per share)	$ 18.67	$ 20.27	$ 20.59
Forfeited, number of shares (in shares)	(5,086)	(1,973)	(2,136)
Forfeited, weighted average estimated fair value (in dollars per share)	$ 17.55	$ 18.14	$ 22.80
Outstanding, number of shares (in shares)	576,867	610,540	636,086
Outstanding, weighted average estimated fair value (in dollars per share)	$ 18.40	$ 18.25	$ 19.25
Vested, number of shares (in shares)	370,771	375,692	419,721
Vested, weighted average estimated fair value (in dollars per share)	$ 18.78	$ 18.88	$ 20.37

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Details Textual)	Dec. 31, 2021
Entity Number of Employees	182
Collective Bargaining Arrangements	7

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Increase (Decrease) in Deferred Tax Liability From Fixed Interest Rate Hedge	$ 740
Income Taxes Paid, Net, Total	46,548	$ 1	$ 460
Deferred Tax Assets, Valuation Allowance, Total	1,197	2,302
State and Local Jurisdiction [Member]
Deferred Tax Assets, Valuation Allowance, Total	$ 1,200	$ 2,300

Note 15 - Income Taxes - Provis

Note 15 - Income Taxes - Provision (Benefit) for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Federal	$ 36,592	$ 321	$ 1,747
International	85	103	107
State and local	7,739	59	22
Current Income Tax Expense (Benefit), Total	44,416	483	1,876
Deferred	(668)	(1,799)	(443)
Income tax provision (benefit)	$ 43,748	$ (1,316)	$ 1,433

Note 15 - Income Taxes - Deferr

Note 15 - Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Inventory (excluding LIFO reserve)	$ 2,198	$ 1,529
Net operating loss and tax credit carryforwards	1,375	3,510
Allowance for credit losses	626	440
Accrued expenses	5,288	5,778
Lease liabilities	8,568	7,348
Interest rate hedge	665	1,405
Other	205	390
Deferred tax assets before valuation allowance	18,925	20,400
Valuation allowance	(1,197)	(2,302)
Total deferred tax assets	17,728	18,098
Deferred tax liabilities:
LIFO reserve	(3,500)	(3,528)
Property and equipment	(12,293)	(13,562)
Lease right of use assets	(8,483)	(7,294)
Intangibles	(3,342)	(3,532)
Total deferred tax liabilities	(27,618)	(27,916)
Deferred tax liabilities, net	$ (9,890)	$ (9,818)

Note 15 - Income Taxes - Unreco

Note 15 - Income Taxes - Unrecognized Tax Benefits Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balance	$ 28	$ 28	$ 27
Change in tax due to tax law	0	0	0
Increases related to current year tax positions	8	8	10
Increases related to prior year tax positions	200	0	0
Decreases related to lapsing of statute of limitations	(8)	(8)	(9)
Balance	$ 228	$ 28	$ 28

Note 15 - Income Taxes - Tax Ra

Note 15 - Income Taxes - Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
U.S. federal statutory rate in effect	21.00%	21.00%	21.00%
State and local taxes, net of federal benefit	4.50%	1.00%	3.70%
Meals and entertainment	0.10%	(1.80%)	5.80%
Tax credits	(0.10%)	2.00%	(4.20%)
Stock based compensation	0.00%	(3.40%)	0.00%
All other, net	1.00%	0.20%	0.80%
Effective income tax rate	26.50%	19.00%	27.10%

Note 16 - Shares Outstanding _3

Note 16 - Shares Outstanding and Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Weighted average basic shares outstanding (in shares)	11,492	11,447	11,509
Assumed exercise of stock options and issuance of stock awards (in shares)	11	0	0
Weighted average diluted shares outstanding (in shares)	11,503	11,447	11,509
Net income (loss)	$ 121,051	$ (5,595)	$ 3,856
Basic earnings (loss) per share (in dollars per share)	$ 10.53	$ (0.49)	$ 0.34
Diluted earnings (loss) per share (in dollars per share)	$ 10.52	$ (0.49)	$ 0.34
Unvested RSUs (in shares)	206	235	216

Note 17 - Equity Programs (Deta

Note 17 - Equity Programs (Details Textual) $ in Thousands	Oct. 02, 2015USD ($)shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Sep. 03, 2021USD ($)
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | shares	550,000
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased (in shares) | shares		360,212
Treasury Stock, Shares, Acquired (in shares) | shares		0	15,000	109,505
Treasury Stock, Value, Acquired, Cost Method			$ 145	$ 1,522
At-the-Market Equity Program [Member]
Stock Issuance Program, Authorized Amount					$ 50,000
Stock Issuance Program, Gross Proceeds, Percent					2.00%
Stock Issued During Period, Shares, New Issues (in shares) | shares		0
ABL Credit Facility [Member]
Unrestricted Common Stock Purchases, Maximum, Value	$ 5,000
ABL Credit Facility [Member] | Stock Repurchases Value Exceeds 5.0 Million, Option 1 [Member] | Minimum [Member]
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments	20.00%
Balance Required for Compliance with Revolver Commitments		$ 95,000
ABL Credit Facility [Member] | Stock Repurchases Value Exceeds 5.0 Million, Option 2 [Member] | Minimum [Member]
Line of Credit Facility Covenant Terms Percentage of Revolver Commitments	15.00%
Balance Required for Compliance with Revolver Commitments		$ 71,300
Line of Credit Facility Covenant Terms EBITDA Ratio	1

Note 18 - Segment Information_2

Note 18 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2021
Number of Reportable Segments	3

Note 18 - Segment Information -

Note 18 - Segment Information - Segment Reporting Information by Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net sales	$ 2,312,253	$ 1,234,144	$ 1,579,040
Depreciation and amortization	20,316	19,490	19,030
Operating income (loss)	172,466	573	16,610
Other loss, net	(36)	(73)	(32)
Income before interest and income taxes	172,430	500	16,578
Interest and other expense on debt	7,631	7,411	11,289
Income (loss) before income taxes	164,799	(6,911)	5,289
Specialty Metals Flat Products [Member]
Net sales	585,751	313,190	363,634
Restructuring and other charges	3,692	1,951	1,830
Depreciation and amortization	70,544	11,666	14,321
Carbon Flat Products [Member]
Net sales	1,344,150	690,273	926,903
Restructuring and other charges	11,286	11,941	11,624
Depreciation and amortization	110,074	(10,289)	(5,023)
Tubular and Pipe Products [Member]
Net sales	382,352	230,681	288,503
Restructuring and other charges	5,267	5,478	5,408
Depreciation and amortization	7,353	9,019	18,607
Corporate Segment [Member]
Restructuring and other charges	71	120	168
Depreciation and amortization	$ (15,505)	$ (9,823)	$ (11,295)

Note 18 - Segment Information_3

Note 18 - Segment Information - Segment Reporting Information by Capital Expenditures and Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Capital expenditures	$ 11,011	$ 9,803	$ 10,165
Assets	1,023,572	640,605
Flat Products Segment [Member]
Capital expenditures	8,797	7,589	6,996
Assets	777,074	404,269
Tubular and Pipe Products [Member]
Capital expenditures	2,214	2,214	3,169
Assets	245,962	235,516
Corporate Segment [Member]
Capital expenditures	0	0	0
Assets	$ 536	$ 820

Note 19 - Retirement Plans (Det

Note 19 - Retirement Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2005
Defined Contribution Plan, Administrative Expense	$ 3.8	$ 2	$ 3
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan Vesting Period (Year)	7 years
Defined Benefit Plan, Plan Assets, Amount, Ending Balance	$ 8.7	$ 7.6
Supplemental Employee Retirement Plan [Member] | Minimum [Member]
Defined Contribution Plan, Compensation Percentage Multiplier				6.50%
Supplemental Employee Retirement Plan [Member] | Maximum [Member]
Defined Contribution Plan, Compensation Percentage Multiplier				13.00%
Non-union Flat Rolled Segments’ 401K Retirement Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member] | First Step of Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3.00%
Action Stainless & Alloy’s 401(k) Retirement Plans [Member] | Second Step of Percent Match [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.00%

Note 20 - Related-party Trans_2

Note 20 - Related-party Transactions (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Chief Executive Officer [Member] | Related Entity That Owns Cleveland Warehouse [Member]
Equity Method Investment, Ownership Percentage	50.00%
Affiliated Entity [Member] | Cleveland Warehouse [Member]
Operating Lease, Annual Expense	$ 0.2
Lessee, Operating Lease, Renewal Term (Year)	5 years

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts - Summary of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Balance at Beginning of Period	$ 1,726	$ 1,965	$ 1,940
Additions Charged to Costs and Expenses	1,250	1,154	590
Additions Charged to Other Accounts	0	0	0
Deductions	(474)	(1,393)	(565)
Balance at End of Period	2,502	1,726	1,965
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Balance at Beginning of Period	2,302	2,215	2,055
Additions Charged to Costs and Expenses	236	87	160
Additions Charged to Other Accounts	0	0	0
Deductions	(1,341)	0	0
Balance at End of Period	$ 1,197	$ 2,302	$ 2,215