Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION

v3.22.0.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
We operate in two business segments: Specialty Petrochemicals 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 Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes segment includes TC. 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.
Year Ended December 31, 2021
Specialty Petrochemicals Specialty Waxes Corporate Consolidated
(in thousands)
Net revenues $ 234,091  $ 38,599  $ —  $ 272,690 
Operating income (loss) before depreciation and amortization 25,930  3,120  (14,838) 14,212 
Operating income (loss) 14,748  (2,988) (14,844) (3,084)
Income (loss) from continuing operations before taxes 17,722  (800) (14,323) 2,599 
Depreciation and amortization 11,183  6,108  5  17,296 
Capital expenditures 11,633  2,519  —  14,152 
Year Ended December 31, 2021
Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
(in thousands)
Intangible assets, net $ —  $ 11,056  $ —  $ —  $ 11,056 
Total assets 298,966  79,860  109,292  (194,578) 293,540 
Year Ended December 31, 2020
Specialty Petrochemicals Specialty Waxes Corporate Consolidated
(in thousands)
Net revenues $ 172,350  $ 36,276  $ —  $ 208,626 
Operating income (loss) before depreciation and amortization 26,438  1,762  (9,114) 19,086 
Operating income (loss) 15,827  (3,760) (9,129) 2,938 
Income (loss) from continuing operations before taxes 13,294  (3,606) (8,685) 1,003 
Depreciation and amortization 10,611  5,522  16  16,149 
Capital expenditures 11,334  2,017  —  13,351 
Year Ended 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