Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v3.6.0.2
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2016
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
NOTE 18 – SEGMENT INFORMATION

In October 2014 we began operating in two business segments; petrochemical and specialty waxes.  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.  The accounting policies of the reporting segments are the same as those described in Note 2.

Our petrochemical segment includes SHR and GSPL.  Our specialty wax segment includes TC.  We also separately identify our corporate overhead and investing which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.


   
Year Ended December 31, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Net revenues
 
$
182,028
   
$
30,371
   
$
-
   
$
212,399
 
Operating profit before depreciation and amortization
   
31,885
     
3,043
     
(6,444
)
   
28,484
 
Operating profit (loss)
   
26,060
     
(865
)
   
(6,488
)
   
18,707
 
Profit (loss) before taxes
   
24,084
     
10,675
     
(4,827
)
   
29,932
 
Depreciation and amortization
   
5,825
     
3,908
     
44
     
9,777
 
Capital expenditures
   
22,948
     
17,547
     
-
     
40,495
 


         
Year Ended December 31, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
         
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
   
$
44,467
   
$
-
   
$
-
   
$
44,467
 
Total assets
   
219,376
     
113,676
     
107,302
     
(148,255
)
   
292,099
 

 

   
Year Ended December 31, 2015
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Net revenues
 
$
218,233
   
$
23,743
   
$
-
   
$
241,976
 
Operating profit before depreciation and amortization
   
47,565
     
4,549
     
(7,013
)
   
45,101
 
Operating profit (loss)
   
43,081
     
(1
)
   
(7,039
)
   
36,041
 
Profit (loss) before taxes
   
40,948
     
(195
)
   
(12,392
)
   
28,362
 
Depreciation and amortization
   
4,484
     
4,550
     
26
     
9,060
 
Capital expenditures
   
24,358
     
6,889
     
-
     
31,247
 

         
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