Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.21.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We operate through business segments according to the nature and economic characteristics of our products as well as the manner in which the information is used internally by our key decision maker, who is our Chief Executive Officer. Segment data may include rounding differences.
Our Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes segment is TC. We also separately identify our corporate overhead which includes administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.
  Three Months Ended June 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 57,763  $ 6,897  $ —  $ 64,660 
Processing fees 1,527  2,662  —  4,189 
Total revenues 59,290  9,559  —  68,849 
Operating income (loss) before depreciation and amortization 9,741  1,321  (3,997) 7,065 
Operating income (loss) 6,955  (198) (3,635) 3,122 
Income (loss) from continuing operations before taxes 6,709  (184) (3,567) 2,958 
Depreciation and amortization 2,787  1,518  3  4,308 
Capital expenditures 3,692  191  —  3,883 
  Three Months Ended June 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 31,236  $ 5,471  $ —  $ 36,707 
Processing fees 1,159  2,808  —  3,967 
Total revenues 32,395  8,279  —  40,674 
Operating income (loss) before depreciation and amortization 4,974  854  (2,199) 3,629 
Operating income (loss) 2,354  (485) (2,203) (334)
Income (loss) from continuing operations before taxes 1,648  (445) (2,204) (1,001)
Depreciation and amortization 2,621  1,338  3  3,962 
Capital expenditures 5,382  285  —  5,667 
  Six Months Ended June 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 102,421  $ 13,804  $ —  $ 116,225 
Processing fees 2,781  4,428  —  7,209 
Total revenues 105,202  18,232  —  123,434 
Operating income (loss) before depreciation and amortization 12,312  840  (7,020) 6,132 
Operating income (loss) 6,724  (2,155) (6,660) (2,091)
Income (loss) from continuing operations before taxes 6,412  (2,138) (6,721) (2,447)
Depreciation and amortization 5,589  2,994  6  8,589 
Capital expenditures 7,259  1,405  —  8,664 
  Six Months Ended June 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 81,622  $ 12,268  $ —  $ 93,890 
Processing fees 2,403  6,448  —  8,851 
Total revenues 84,025  18,716  —  102,741 
Operating income (loss) before depreciation and amortization 11,464  1,920  (4,615) 8,769 
Operating income (loss) 6,226  (747) (4,625) 854 
Income (loss) from continuing operations before taxes 4,590  (687) (4,694) (791)
Depreciation and amortization 5,238  2,666  10  7,914 
Capital expenditures 6,983  601  —  7,584 
  June 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Intangible assets, net —  11,972  —  —  11,972 
Total assets 295,425  81,622  119,877  (193,114) 303,810 
  December 31, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Intangible assets, net —  12,893  —  —  12,893 
Total assets 298,198  83,108  127,260  (191,733) 316,833