Annual report pursuant to Section 13 and 15(d)

ACQUISITION OF TRECORA CHEMICAL, INC. (formerly SSI Chusei, Inc.) (Details)

v3.3.1.900
ACQUISITION OF TRECORA CHEMICAL, INC. (formerly SSI Chusei, Inc.) (Details) - USD ($)
3 Months Ended 12 Months Ended
Oct. 01, 2014
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Oct. 02, 2014
Business Acquisition [Line Items]                          
Sales   $ 60,545,000 $ 66,938,000 $ 59,350,000 $ 55,143,000 $ 74,073,000 $ 76,917,000 $ 74,553,000 $ 64,100,000 $ 241,976,000 $ 289,643,000 $ 236,227,000  
Operating income                   36,041,000 25,482,000 19,970,000  
Purchase Price Allocation [Abstract]                          
Goodwill   21,798,000       $ 21,750,000       21,798,000 21,750,000    
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member]                          
Business Acquisition [Line Items]                          
Existing cash balance $ 4,702,000                        
Sales                     5,300,000    
Operating income                     1,100,000    
Acquisition cost related general and administrative expense                     1,000,000    
Consideration Paid [Abstract]                          
Cash paid at closing 2,902,000                        
Cash paid for working capital adjustment 1,916,000                        
Debt 70,000,000                        
Total purchase consideration $ 74,818,000                        
Purchase Price Allocation [Abstract]                          
Purchase Price                         $ 74,818,000
Cash                         107,000
Trade receivables                         2,821,000
Inventories                         3,339,000
Prepaid expenses and other assets                         743,000
Plant, pipeline and equipment                         23,973,000
Other intangible assets   26,706,000               26,706,000     26,706,000
Accounts payable                         (1,074,000)
Accrued liabilities                         (1,121,000)
Other liabilities                         (1,759,000)
Long-term debt, net of current portion                         (667,000)
Net assets and liabilities (Excluding goodwill)                         53,068,000
Goodwill                         21,750,000
Identifiable Intangible Assets [Abstract]                          
Total   $ 26,706,000               $ 26,706,000     $ 26,706,000
Weighted average amortization period 12 years 6 months                        
Unaudited Pro forma Information [Abstract]                          
Sales                     308,966,000 259,348,000  
Net Income                     $ 16,623,000 $ 20,223,000  
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Trade Name [Member]                          
Identifiable Intangible Assets [Abstract]                          
Indefinite-lived Intangible Assets Acquired $ 2,158,000                        
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Customer Relationships [Member]                          
Identifiable Intangible Assets [Abstract]                          
Finite-lived Intangible Assets Acquired $ 16,852,000                        
Weighted average amortization period 15 years                        
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Non-compete Agreements [Member]                          
Identifiable Intangible Assets [Abstract]                          
Finite-lived Intangible Assets Acquired $ 94,000                        
Weighted average amortization period 5 years                        
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Licenses and Permits [Member]                          
Identifiable Intangible Assets [Abstract]                          
Finite-lived Intangible Assets Acquired $ 1,471,000                        
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Developed Technology [Member]                          
Identifiable Intangible Assets [Abstract]                          
Finite-lived Intangible Assets Acquired $ 6,131,000                        
Weighted average amortization period 10 years                        
Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Common Class A [Member]                          
Business Acquisition [Line Items]                          
Percentage of common stock acquired                         100.00%