INCOME TAXES (Details) (USD $)
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12 Months Ended | ||
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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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Provision for income taxes [Abstract] | |||
Current federal provision | $ 8,756,000us-gaap_CurrentFederalTaxExpenseBenefit | $ 6,748,000us-gaap_CurrentFederalTaxExpenseBenefit | $ 4,821,000us-gaap_CurrentFederalTaxExpenseBenefit |
Current state provision | 296,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit | 233,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit | 199,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit |
Deferred federal provision (benefit) | (1,893,000)us-gaap_DeferredFederalIncomeTaxExpenseBenefit | 1,173,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit | 882,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit |
Deferred state provision (benefit) | (12,000)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit | (7,000)us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit | 2,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit |
Income tax expense | 7,147,000us-gaap_IncomeTaxExpenseBenefit | 8,147,000us-gaap_IncomeTaxExpenseBenefit | 5,904,000us-gaap_IncomeTaxExpenseBenefit |
Federal statutory rate (in hundredths) | 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate | 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate |
Effective tax rate in income tax expense and the Federal statutory rate [Abstract] | |||
Income taxes at U.S. statutory rate | 7,952,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | 9,675,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate | 5,679,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate |
State taxes, net of federal benefit | 181,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes | 139,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes | 132,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes |
Permanent and other items | (915,000)us-gaap_IncomeTaxReconciliationOtherAdjustments | (644,000)us-gaap_IncomeTaxReconciliationOtherAdjustments | (250,000)us-gaap_IncomeTaxReconciliationOtherAdjustments |
Increase (decrease) in valuation allowance | (71,000)us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | (1,023,000)us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance | 343,000us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
Income tax expense | 7,147,000us-gaap_IncomeTaxExpenseBenefit | 8,147,000us-gaap_IncomeTaxExpenseBenefit | 5,904,000us-gaap_IncomeTaxExpenseBenefit |
Current and future Federal effective tax rate (in hundredths) | 35.00%us-gaap_EffectiveIncomeTaxRateContinuingOperations | ||
Deferred tax liabilities [Abstract] | |||
Plant, pipeline and equipment | (8,352,000)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment | (8,507,000)us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment | |
Other assets | 0us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther | (43,000)us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsOther | |
Investment in AMAK | (4,382,000)us-gaap_DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates | (4,757,000)us-gaap_DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates | |
Total deferred tax liabilities | (12,734,000)us-gaap_DeferredIncomeTaxLiabilities | (13,307,000)us-gaap_DeferredIncomeTaxLiabilities | |
Deferred tax assets [Abstract] | |||
Accounts receivable | 276,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts | 260,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts | |
Inventory | 1,018,000us-gaap_DeferredTaxAssetsInventory | 131,000us-gaap_DeferredTaxAssetsInventory | |
Mineral interests | 376,000us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment | 376,000us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment | |
Unrealized loss on swap agreements | 196,000us-gaap_DeferredTaxAssetsDerivativeInstruments | 214,000us-gaap_DeferredTaxAssetsDerivativeInstruments | |
Environmental | 0trec_DeferredTaxAssetsEnvironmental | 71,000trec_DeferredTaxAssetsEnvironmental | |
Post-retirement benefits | 327,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits | 373,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits | |
Stock-based compensation | 1,705,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost | 1,015,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost | |
Intangible assets | 229,000us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets | 0us-gaap_DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets | |
Deferred revenue | 164,000us-gaap_DeferredTaxAssetsDeferredIncome | 654,000us-gaap_DeferredTaxAssetsDeferredIncome | |
Gross deferred tax assets | 4,291,000us-gaap_DeferredTaxAssetsGross | 3,094,000us-gaap_DeferredTaxAssetsGross | |
Valuation allowance | (376,000)us-gaap_DeferredTaxAssetsValuationAllowance | (447,000)us-gaap_DeferredTaxAssetsValuationAllowance | |
Total net deferred tax assets | 3,915,000us-gaap_DeferredTaxAssetsNet | 2,647,000us-gaap_DeferredTaxAssetsNet | |
Net deferred tax liabilities | (8,819,000)us-gaap_DeferredTaxAssetsLiabilitiesNet | (10,660,000)us-gaap_DeferredTaxAssetsLiabilitiesNet | |
Current [Abstract] | |||
Deferred tax asset | 1,652,000us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent | 1,324,000us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent | |
Non-current [Abstract] | |||
Deferred tax assets | 3,269,000us-gaap_DeferredTaxAssetsGrossNoncurrent | 1,764,000us-gaap_DeferredTaxAssetsGrossNoncurrent | |
Deferred tax liability | (13,364,000)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent | (13,301,000)us-gaap_DeferredTaxLiabilitiesGrossNoncurrent | |
Valuation allowance | (376,000)us-gaap_DeferredTaxAssetsValuationAllowanceNoncurrent | (447,000)us-gaap_DeferredTaxAssetsValuationAllowanceNoncurrent | |
Non-current deferred tax liability, net | (10,471,000)us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent | (11,984,000)us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent | |
Net deferred tax liabilities | (8,819,000)us-gaap_DeferredTaxAssetsLiabilitiesNet | (10,660,000)us-gaap_DeferredTaxAssetsLiabilitiesNet | |
Decrease in valuation allowance | 71,000us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount | 1,023,000us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount | |
Income tax liability in Saudi Arabia | $ 0trec_IncomeTaxLiabilityInSaudiArabia | $ 0trec_IncomeTaxLiabilityInSaudiArabia | $ 0trec_IncomeTaxLiabilityInSaudiArabia |
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from environment assets liabilities. No definition available.
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Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy income tax obligations due in Saudi Arabia. This amount is the total of current and noncurrent accrued income taxes. No definition available.
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Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from property, plant, and equipment. No definition available.
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other compensation and benefits not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from the allowance for doubtful accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Gross amount of noncurrent deferred tax liabilities, which result from applying the applicable tax rate to taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax liability attributable to taxable temporary differences from investments in unconsolidated subsidiaries and investments in other affiliates which are not controlled nor consolidated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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