Quarterly report [Sections 13 or 15(d)]

Note 4 - Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)

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Note 4 - Fair Value - Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Steel Hedging Instrument [Member]    
Liabilities:    
Derivative Liability $ 76 $ 54
Fair Value, Recurring [Member]    
Assets:    
Non-qualified benefit plan assets [1] 11,362 10,482
Interest rate swaps [2] 1,337 2,340
Total Assets 12,775 12,822
Liabilities:    
Long-term debt [3] 147,725 147,526
Total Liabilities 147,725 147,580
Fair Value, Recurring [Member] | Steel Hedging Instrument [Member]    
Assets:    
Steel hedging instrument (d) [4] 76 0
Liabilities:    
Derivative Liability [4] $ 0 $ 54
[1] Included in Non-qualified benefit plan assets is the cash surrender value of insurance policies on various individuals that are associated with the Company. The carrying amount of these insurance policies approximates their fair value and is considered a Level 2 input. The Company had outstanding loans of $427 and $546 against these Non-qualified benefit plan assets as of June 30, 2025 and December 31, 2024, respectively, included in Other long-term liabilities on the Condensed Consolidated Balance Sheets, respectively. ?
[2] Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g. interest rates and credit spreads). Model inputs are changed only when corroborated by market data. A credit risk adjustment is made on each swap using observable market credit spreads. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. Interest rate swaps of $1,337 at June 30, 2025 are included in Prepaid and other current assets. Interest rate swaps of $1,712 and $628 at December 31, 2024 are included in Prepaid and other current assets and Other long-term assets, respectively.
[3] The fair value of the Company’s long-term debt, including current maturities, approximates its carrying value. Long-term debt is recorded at carrying amount, net of discount and deferred debt issuance costs, as disclosed on the face of the balance sheet.
[4] Valuation models are calibrated to initial trade price. Subsequent valuations are based on observable inputs to the valuation model (e.g., market prices). Model inputs are changed only when corroborated by market data. Thus, inputs used to determine fair value of the interest rate swap are Level 2 inputs. Steel hedging instruments of positive $76 and negative $54 at June 30, 2025 and December 31, 2024, respectively, are included in Prepaid and other current assets and Accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets, respectively. ?