| SEGMENT INFORMATION |
SEGMENT INFORMATION
We operate in two business segments; specialty petrochemical 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 petrochemical segment includes SHR and GSPL. Our specialty wax 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.
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Year Ended December 31, 2018 |
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Specialty Petrochemical |
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Specialty Wax |
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Corporate |
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Consolidated |
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(in thousands) |
Net revenues |
$ |
249,679 |
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$ |
38,253 |
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$ |
— |
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$ |
287,932 |
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Operating profit (loss) before depreciation and amortization |
23,021 |
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1,949 |
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(8,275 |
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16,695 |
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Operating profit (loss) |
14,089 |
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(3,427 |
) |
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(8,327 |
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2,335 |
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Profit (loss) before taxes |
10,705 |
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(4,660 |
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(9,184 |
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(3,139 |
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Depreciation and amortization |
8,932 |
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5,376 |
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50 |
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14,358 |
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Capital expenditures |
22,431 |
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2,854 |
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— |
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25,285 |
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Year Ended December 31, 2018 |
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Specialty Petrochemical |
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Specialty Wax |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Goodwill and intangible assets, net |
$ |
— |
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$ |
40,745 |
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$ |
— |
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$ |
— |
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$ |
40,745 |
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Total assets |
284,367 |
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115,366 |
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91,474 |
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(161,239 |
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329,968 |
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Year Ended December 31, 2017 |
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Specialty Petrochemical |
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Specialty Wax |
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Corporate |
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Consolidated |
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(in thousands) |
Net revenues |
$ |
210,381 |
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$ |
34,762 |
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$ |
— |
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$ |
245,143 |
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Operating profit (loss) before depreciation and amortization |
36,511 |
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(35 |
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(7,413 |
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29,063 |
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Operating profit (loss) |
30,201 |
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(4,624 |
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(7,475 |
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18,102 |
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Profit (loss) before taxes |
27,852 |
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(5,238 |
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(11,764 |
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10,850 |
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Depreciation and amortization |
6,310 |
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4,589 |
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62 |
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10,961 |
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Capital expenditures |
38 |
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14,015 |
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— |
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14,053 |
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Year Ended December 31, 2017 |
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Specialty Petrochemical |
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Specialty Wax |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Goodwill and intangible assets, net |
$ |
— |
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$ |
42,606 |
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$ |
— |
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$ |
— |
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$ |
42,606 |
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Total assets |
265,213 |
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117,579 |
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97,880 |
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(153,346 |
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327,326 |
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