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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Revenues | |||
| Petrochemical and product sales | $ 280,866us-gaap_SalesRevenueGoodsNet | $ 230,643us-gaap_SalesRevenueGoodsNet | $ 218,512us-gaap_SalesRevenueGoodsNet |
| Processing | 8,777us-gaap_SalesRevenueServicesGross | 5,584us-gaap_SalesRevenueServicesGross | 4,346us-gaap_SalesRevenueServicesGross |
| Total Revenues | 289,643us-gaap_SalesRevenueNet | 236,227us-gaap_SalesRevenueNet | 222,858us-gaap_SalesRevenueNet |
| Operating costs and expenses | |||
| Cost of petrochemical, product sales, and Processing (including depreciation of $4,645, $3,518, and $3,053, respectively) | 243,900us-gaap_CostOfGoodsAndServicesSold | 201,064us-gaap_CostOfGoodsAndServicesSold | 192,100us-gaap_CostOfGoodsAndServicesSold |
| Gross Profit | 45,743us-gaap_GrossProfit | 35,163us-gaap_GrossProfit | 30,758us-gaap_GrossProfit |
| General and Administrative Expenses | |||
| General and administrative | 19,701us-gaap_OtherGeneralAndAdministrativeExpense | 14,672us-gaap_OtherGeneralAndAdministrativeExpense | 12,782us-gaap_OtherGeneralAndAdministrativeExpense |
| Depreciation | 560us-gaap_DepreciationNonproduction | 521us-gaap_DepreciationNonproduction | 520us-gaap_DepreciationNonproduction |
| Total General and Administrative Expenses | 20,261us-gaap_GeneralAndAdministrativeExpense | 15,193us-gaap_GeneralAndAdministrativeExpense | 13,302us-gaap_GeneralAndAdministrativeExpense |
| Operating income | 25,482us-gaap_OperatingIncomeLoss | 19,970us-gaap_OperatingIncomeLoss | 17,456us-gaap_OperatingIncomeLoss |
| Other income (expense) | |||
| Interest expense | (1,042)us-gaap_InterestExpense | (520)us-gaap_InterestExpense | (547)us-gaap_InterestExpense |
| Losses on cash flow hedge reclassified from OCI | (378)us-gaap_DerivativeGainLossOnDerivativeNet | (301)us-gaap_DerivativeGainLossOnDerivativeNet | (359)us-gaap_DerivativeGainLossOnDerivativeNet |
| Equity in earnings (loss) of AMAK (Note 10) | (1,072)trec_IncomeLossAndGainFromEquityIssuanceFromEquityMethodInvestments | 4,703trec_IncomeLossAndGainFromEquityIssuanceFromEquityMethodInvestments | (211)trec_IncomeLossAndGainFromEquityIssuanceFromEquityMethodInvestments |
| Gain from additional equity issuance by AMAK (Note 10) | 0trec_GainFromAdditionalEquityIssuedByAmak | 3,997trec_GainFromAdditionalEquityIssuedByAmak | 0trec_GainFromAdditionalEquityIssuedByAmak |
| Miscellaneous expense | (272)us-gaap_OtherNonoperatingIncomeExpense | (204)us-gaap_OtherNonoperatingIncomeExpense | (114)us-gaap_OtherNonoperatingIncomeExpense |
| Total other income (expenses) | (2,764)us-gaap_NonoperatingIncomeExpense | 7,675us-gaap_NonoperatingIncomeExpense | (1,231)us-gaap_NonoperatingIncomeExpense |
| Income before income tax expense | 22,718us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 27,645us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest | 16,225us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
| Income tax expense | 7,147us-gaap_IncomeTaxExpenseBenefit | 8,147us-gaap_IncomeTaxExpenseBenefit | 5,904us-gaap_IncomeTaxExpenseBenefit |
| Net income | 15,571us-gaap_ProfitLoss | 19,498us-gaap_ProfitLoss | 10,321us-gaap_ProfitLoss |
| Net loss attributable to Noncontrolling Interest | 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net income attributable to Trecora Resources | $ 15,571us-gaap_NetIncomeLoss | $ 19,498us-gaap_NetIncomeLoss | $ 10,321us-gaap_NetIncomeLoss |
| Net income per common share | |||
| Basic earnings per share (in dollars per share) | $ 0.64us-gaap_EarningsPerShareBasic | $ 0.81us-gaap_EarningsPerShareBasic | $ 0.43us-gaap_EarningsPerShareBasic |
| Diluted earnings per share (in dollars per share) | $ 0.63us-gaap_EarningsPerShareDiluted | $ 0.79us-gaap_EarningsPerShareDiluted | $ 0.42us-gaap_EarningsPerShareDiluted |
| Weighted average number of common shares outstanding | |||
| Basic (in shares) | 24,188us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 24,115us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 24,081us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted (in shares) | 24,896us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 24,745us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 24,745us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
The gain from additional equity issued by cost method investee. No definition available.
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item also includes the gain or loss from the equity issuance from the equity method investment. No definition available.
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- Details
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Aggregate revenue during the period for services rendered in the normal course of business (before deducting allowances and discounts) which are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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