RESTRUCTURING AND SEVERANCE EXPENSES
|12 Months Ended|
Dec. 31, 2020
|Restructuring and Related Activities [Abstract]|
|RESTRUCTURING AND SEVERANCE EXPENSES||RESTRUCTURING AND SEVERANCE EXPENSESDuring 2018, the Company incurred restructuring and severance expenses of approximately $2.3 million related to changes in executive management and the completion of significant capital projects in our specialty petrochemicals segment. These expenses related to severance, stock compensation for continued vesting of time-vested shares issued under the Company’s long-term incentive plans, and certain employee benefits including medical insurance and vacation. As of December 31, 2020, there was no remaining unpaid or accrued restructuring or severance expenses. As of December 31, 2019, approximately $0.02 million remained unpaid and was included in accrued liabilities.|
The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef