Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.7.0.1
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2016
SEGMENT INFORMATION [Abstract]  
Segment Information
Our petrochemical segment includes SHR and GSPL.  Our specialty wax segment includes TC which includes the newly acquired plant discussed in Note 7.  We also separately identify our corporate overhead which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.


   
Three Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
47,250
   
$
4,864
   
$
-
   
$
52,114
 
Processing fees
   
2,909
     
2,119
     
-
     
5,028
 
Net revenues
   
50,159
     
6,983
     
-
     
57,142
 
Operating profit (loss) before depreciation and amortization
   
7,813
     
118
     
(1,238
)
   
6,693
 
Operating profit (loss)
   
6,366
     
(987
)
   
(1,251
)
   
4,128
 
Depreciation and amortization
   
1,447
     
1,105
     
13
     
2,565
 
Capital expenditures
   
5,411
     
4,066
             
9,477
 

   
Nine Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
129,076
   
$
14,585
   
$
-
   
$
143,661
 
Processing fees
   
6,769
     
7,766
     
-
     
14,535
 
Net revenues
   
135,845
     
22,351
     
-
     
158,196
 
Operating profit (loss) before depreciation and amortization
   
25,699
     
2,774
     
(5,128
)
   
23,345
 
Operating profit (loss)
   
21,488
     
(171
)
   
(5,148
)
   
16,169
 
Depreciation and amortization
   
4,211
     
2,945
     
20
     
7,176
 
Capital expenditures
   
16,812
     
11,059
             
27,871
 
 
   
Three Months Ended September 30, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
59,122
   
$
4,068
   
$
-
   
$
63,190
 
Processing fees
   
1,364
     
2,384
     
-
     
3,748
 
Net revenues
   
60,486
     
6,452
     
-
     
66,938
 
Operating profit (loss) before depreciation and amortization
   
13,636
     
1,393
     
(1,654
)
   
13,375
 
Operating profit (loss)
   
12,557
     
178
     
(1,672
)
   
11,063
 
Depreciation and amortization
   
1,079
     
1,215
     
18
     
2,312
 
Capital expenditures
   
4,857
     
1,766
             
6,623
 

   
Nine Months Ended September 30, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
158,647
   
$
11,749
   
$
-
   
$
170,396
 
Processing fees
   
4,409
     
6,626
     
-
     
11,035
 
Net revenues
   
163,056
     
18,375
     
-
     
181,431
 
Operating profit (loss) before depreciation and amortization
   
38,197
     
3,897
     
(5,145
)
   
36,949
 
Operating profit (loss)
   
35,075
     
375
     
(5,163
)
   
30,287
 
Depreciation and amortization
   
3,122
     
3,522
     
18
     
6,662
 
Capital expenditures
   
17,876
     
5,664
             
23,540
 


   
September 30, 2016 (restated)
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
   
$
44,932
   
$
-
   
$
-
   
$
44,932
 
Total assets
   
209,319
     
104,924
     
100,615
     
(131,352
)
   
283,506
 

   
Year Ended December 31, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
   
$
46,347
   
$
-
   
$
-
   
$
46,347
 
Total assets
   
195,358
     
86,076
     
98,728
     
(122,371
)
   
257,791