Company: ZEUS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001437749-25-024377
Chunk: 12

Company: OLYMPIC STEEL INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 12
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30, 2025, there were no transfers of financial assets between Levels 1, 2 or 3 fair value measurements. There have been no changes in the methodologies used as of  June 30, 2025 since  December 31, 2024.
    
   The following table presents 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 June 30, 2025  
 (in thousands)   Level 1    Level 2    Level 3    Total  
 Assets:                 
 Metal swaps  $-  $2,127  $-  $2,127 
 Embedded customer derivative   -   153   -   153 
 Supplemental executive retirement plan   16,558   -   -   16,558 
 Total assets at fair value  $16,558  $2,280  $-  $18,838 
                 
 Liabilities:                 
 Metal swaps  $-  $2,281  $-  $2,281 
 Fixed Interest rate hedge   -   72   -   72 
 Total liabilities recorded at fair value  $-  $2,353  $-  $2,353 

       Value of Items Recorded at Fair Value  
   As of December 31, 2024  
 (in thousands)   Level 1    Level 2    Level 3    Total  
 Assets:                 
 Metal swaps  $-  $3,055  $-  $3,055 
 Embedded customer derivative   -   402   -   402 
 Fixed interest rate hedge   -   254   -   254 
 Supplemental executive retirement plan   15,061   -   -   15,061 
 Total assets at fair value  $15,061  $3,711  $-  $18,772 
                 
 Liabilities:                 
 Metal swaps  $-  $3,457  $-  $3,457 
 Total liabilities at fair value