Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION (Tables)

v3.8.0.1
SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2018
SEGMENT INFORMATION [Abstract]  
Segment Information
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 March 31, 2018
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
60,285
   
$
6,383
   
$
-
   
$
31
   
$
66,699
 
Processing fees
   
2,028
     
3,212
     
-
     
(198
)
   
5,042
 
Total revenues
   
62,313
     
9,595
     
-
     
(167
)
   
71,741
 
Operating profit (loss) before depreciation and amortization
   
8,393
     
390
     
(2,148
)
   
-
     
6,635
 
Operating profit (loss)
   
6,679
     
(914
)
   
(2,156
)
   
-
     
3,609
 
Profit (loss) before taxes
   
6,054
     
(1,181
)
   
(1,931
)
   
-
     
2,942
 
Depreciation and amortization
   
1,714
     
1,304
     
8
     
-
     
3,026
 
Capital expenditures
   
10,283
     
745
     
-
     
-
     
11,028
 
 
   
Three Months Ended March 31, 2017
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
44,391
   
$
6,508
   
$
-
     
-
   
$
50,899
 
Processing fees
   
1,488
     
3,155
     
-
     
-
     
4,643
 
Total revenues
   
45,879
     
9,663
     
-
     
-
     
55,542
 
Operating profit (loss) before depreciation and amortization
   
8,214
     
745
     
(2,179
)
   
-
     
6,780
 
Operating profit (loss)
   
6,658
     
(271
)
   
(2,195
)
   
-
     
4,192
 
Profit (loss) before taxes
   
6,005
     
(290
)
   
(3,167
)
   
-
     
2,548
 
Depreciation and amortization
   
1,556
     
1,016
     
16
     
-
     
2,588
 
Capital expenditures
   
8,756
     
5,125
     
-
     
-
     
13,881
 

   
March 31, 2018
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Trade receivables, product sales
 
$
21,495
   
$
3,127
   
$
-
   
$
25
   
$
24,647
 
Trade receivables, processing fees
   
1,018
     
1,841
     
-
     
(85
)
   
2,774
 
Goodwill and intangible assets, net
   
-
     
42,141
     
-
     
-
     
42,141
 
Total assets
   
275,063
     
117,297
     
97,543
     
(154,777
)
   
335,126
 

   
December 31, 2017
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Trade receivables, product sales
 
$
20,211
   
$
2,671
   
$
-
   
$
-
   
$
22.882
 
Trade receivables, processing fees
   
983
     
1,914
     
-
     
-
     
2,897
 
Goodwill and intangible assets, net
   
-
     
42,606
     
-
     
-
     
42,606
 
Total assets
   
265,213
     
117,579
     
97,880
     
(153,346
)
   
327,326