Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION (Details)

v3.8.0.1
SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
[2]
Jun. 30, 2017
USD ($)
[3]
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2017
USD ($)
Segment
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Segment Reporting Information [Line Items]                      
Number of operating segments | Segment                 2    
Net revenues $ 65,978 [1] $ 61,508 $ 62,115 $ 55,542 $ 54,203 $ 57,142 $ 48,854 $ 52,200 $ 245,143 $ 212,399 $ 241,976
Operating profit (loss) before depreciation and amortization                 29,063 28,484  
Operating profit (loss)                 18,102 18,707 36,041
Profit (loss) before taxes                 10,850 29,932 $ 28,362
Depreciation and amortization                 10,961 9,777  
Capital expenditures                 51,584 40,495  
Goodwill and intangible assets, net 42,606       44,467       42,606 44,467  
Total assets 327,326       290,484       327,326 290,484  
Eliminations [Member]                      
Segment Reporting Information [Line Items]                      
Goodwill and intangible assets, net 0       0       0 0  
Total assets (153,346)       (149,870)       (153,346) (149,870)  
Corporate [Member]                      
Segment Reporting Information [Line Items]                      
Net revenues                 0 0  
Operating profit (loss) before depreciation and amortization                 (7,413) (6,444)  
Operating profit (loss)                 (7,475) (6,488)  
Profit (loss) before taxes                 (11,764) (4,827)  
Depreciation and amortization                 62 44  
Capital expenditures                 0 0  
Goodwill and intangible assets, net 0       0       0 0  
Total assets 97,880       107,302       97,880 107,302  
Petrochemical [Member] | Operating Segments [Member]                      
Segment Reporting Information [Line Items]                      
Net revenues                 210,381 182,028  
Operating profit (loss) before depreciation and amortization                 36,511 31,885  
Operating profit (loss)                 30,201 26,060  
Profit (loss) before taxes                 27,852 24,084  
Depreciation and amortization                 6,310 5,825  
Capital expenditures                 37,569 22,948  
Goodwill and intangible assets, net 0       0       0 0  
Total assets 265,213       219,376       265,213 219,376  
Specialty Wax [Member] | Operating Segments [Member]                      
Segment Reporting Information [Line Items]                      
Net revenues                 34,762 30,371  
Operating profit (loss) before depreciation and amortization                 (35) 3,043  
Operating profit (loss)                 (4,624) (865)  
Profit (loss) before taxes                 (5,238) 10,675  
Depreciation and amortization                 4,589 3,908  
Capital expenditures                 14,015 17,547  
Goodwill and intangible assets, net 42,606       44,467       42,606 44,467  
Total assets $ 117,579       $ 113,676       $ 117,579 $ 113,676  
[1] As discussed in Note 17 the TCJA changed the federal corporate income tax rates from 35% to 21% resulting in a benefit from deferred taxes of approximately $10.3 million.
[2] As discussed in Note 11, in July 2016 AMAK issued four million shares. As a result of the equity issuance, our share of the net assets of AMAK increased approximately $3.2 million which we recognized as a gain.
[3] On May 2, 2016, we purchased B Plant. As discussed in Note 3, we recorded a bargain purchase gain of approximately $11.5 million on the transaction.