ACQUISITION OF TRECORA CHEMICAL, INC. (formerly SSI Chusei, Inc.) (Details) (USD $)
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3 Months Ended |
12 Months Ended |
0 Months Ended |
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Dec. 31, 2014
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Sep. 30, 2014
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Jun. 30, 2014
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Mar. 31, 2014
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Dec. 31, 2013
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Sep. 30, 2013
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Jun. 30, 2013
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Mar. 31, 2013
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Oct. 01, 2014
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Oct. 02, 2014
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Business Acquisition [Line Items] |
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Sales |
$ 74,073,000us-gaap_SalesRevenueNet
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$ 76,917,000us-gaap_SalesRevenueNet
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$ 74,553,000us-gaap_SalesRevenueNet
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$ 64,100,000us-gaap_SalesRevenueNet
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$ 66,637,000us-gaap_SalesRevenueNet
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$ 60,870,000us-gaap_SalesRevenueNet
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$ 55,975,000us-gaap_SalesRevenueNet
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$ 52,745,000us-gaap_SalesRevenueNet
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$ 289,643,000us-gaap_SalesRevenueNet
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$ 236,227,000us-gaap_SalesRevenueNet
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$ 222,858,000us-gaap_SalesRevenueNet
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Operating income |
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25,482,000us-gaap_OperatingIncomeLoss
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19,970,000us-gaap_OperatingIncomeLoss
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17,456,000us-gaap_OperatingIncomeLoss
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Purchase price allocation [Abstract] |
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Goodwill |
21,750,000us-gaap_Goodwill
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0us-gaap_Goodwill
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21,750,000us-gaap_Goodwill
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0us-gaap_Goodwill
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] |
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Business Acquisition [Line Items] |
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Existing cash balance |
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4,702,000trec_BusinessCombinationConsiderationTransferredExistingCashBalance / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Sales |
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5,300,000us-gaap_SalesRevenueNet / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Operating income |
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(1,100,000)us-gaap_OperatingIncomeLoss / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Acquisition cost related general and administrative expense |
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1,000,000us-gaap_BusinessCombinationAcquisitionRelatedCosts / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Consideration Paid [Abstract] |
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Cash paid at closing |
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2,902,000us-gaap_PaymentsToAcquireBusinessesGross / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Cash paid for working capital adjustment |
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1,916,000trec_BusinessCombinationConsiderationTransferredWorkingCapitalAdjustment / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Debt |
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70,000,000us-gaap_BusinessCombinationConsiderationTransferredLiabilitiesIncurred / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Total purchase consideration |
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74,818,000us-gaap_BusinessCombinationConsiderationTransferred1 / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Purchase price allocation [Abstract] |
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Purchase Price |
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74,818,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Cash |
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107,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Trade receivables |
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2,821,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Inventories |
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3,339,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Prepaid expenses and other assets |
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743,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Plant, pipeline and equipment |
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23,973,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Other intangible assets |
26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Accounts payable |
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(1,074,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Accrued liabilities |
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(1,121,000)trec_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccruedLiabilities / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Other liabilities |
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(1,759,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Long-term debt, net of current portion |
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(667,000)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Net assets and liabilities (Excluding goodwill) |
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53,068,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Goodwill |
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21,750,000us-gaap_Goodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Identifiable intangible assets [Abstract] |
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Total |
26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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26,706,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Weighted average amortization period |
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12 years 6 months
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Unaudited pro forma information [Abstract] |
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Sales |
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308,966,000us-gaap_BusinessAcquisitionsProFormaRevenue / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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259,348,000us-gaap_BusinessAcquisitionsProFormaRevenue / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Net Income |
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16,623,000us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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20,223,000us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Trade Name [Member] |
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Identifiable intangible assets [Abstract] |
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Indefinite-lived Intangible Assets Acquired |
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2,158,000us-gaap_IndefinitelivedIntangibleAssetsAcquired / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_TradeNamesMember
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Customer Relationships [Member] |
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Identifiable intangible assets [Abstract] |
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Finite-lived Intangible Assets Acquired |
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16,852,000us-gaap_FinitelivedIntangibleAssetsAcquired1 / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_CustomerRelationshipsMember
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Weighted average amortization period |
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15 years
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Non-compete Agreements [Member] |
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Identifiable intangible assets [Abstract] |
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Finite-lived Intangible Assets Acquired |
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94,000us-gaap_FinitelivedIntangibleAssetsAcquired1 / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_NoncompeteAgreementsMember
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Weighted average amortization period |
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5 years
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Licenses and Permits [Member] |
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Identifiable intangible assets [Abstract] |
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Finite-lived Intangible Assets Acquired |
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1,471,000us-gaap_FinitelivedIntangibleAssetsAcquired1 / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_LicensingAgreementsMember
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Developed Technology [Member] |
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Identifiable intangible assets [Abstract] |
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Finite-lived Intangible Assets Acquired |
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$ 6,131,000us-gaap_FinitelivedIntangibleAssetsAcquired1 / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis = us-gaap_DevelopedTechnologyRightsMember
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Weighted average amortization period |
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10 years
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Trecora Chemical Inc (Formerly SSI Chusei, Inc) [Member] | Common Class A [Member] |
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Business Acquisition [Line Items] |
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Percentage of common Stock acquired (in hundredths) |
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100.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired / us-gaap_BusinessAcquisitionAxis = trec_TrecoraChemicalIncMember / us-gaap_StatementClassOfStockAxis = us-gaap_CommonClassAMember
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