Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.21.2
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
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. Segment data may include rounding differences.
Our Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes segment is TC. We also separately identify our corporate overhead which includes administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.
  Three Months Ended September 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 61,938  $ 8,484  $ —  $ 70,422 
Processing fees 1,419  2,796  —  4,215 
Total revenues 63,357  11,280  —  74,637 
Operating income (loss) before depreciation and amortization 7,258  2,041  (4,953) 4,346 
Operating income (loss) 4,413  489  (5,069) (167)
Income (loss) from continuing operations before taxes 4,062  2,671  (5,061) 1,672 
Depreciation and amortization 2,844  1,553  —  4,397 
Capital expenditures 3,416  215  —  3,631 
  Three Months Ended September 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 37,580  $ 5,990  $ —  $ 43,570 
Processing fees 1,644  2,533  —  4,177 
Total revenues 39,224  8,523  —  47,747 
Operating income (loss) before depreciation and amortization 8,538  89  (2,050) 6,577 
Operating income (loss) 5,871  (1,337) (2,052) 2,482 
Income (loss) from continuing operations before taxes 5,311  (1,293) (2,057) 1,961 
Depreciation and amortization 2,667  1,427  2  4,096 
Capital expenditures 2,084  641  —  2,725 
  Nine Months Ended September 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 164,359  $ 22,288  $ —  $ 186,647 
Processing fees 4,200  7,224  —  11,424 
Total revenues 168,559  29,512  —  198,071 
Operating income (loss) before depreciation and amortization 19,570  2,881  (11,973) 10,478 
Operating income (loss) 11,137  (1,666) (11,729) (2,258)
Income (loss) from continuing operations before taxes 10,474  533  (11,782) (775)
Depreciation and amortization 8,433  4,547  6  12,986 
Capital expenditures 10,675  1,620  —  12,295 
  Nine Months Ended September 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Consolidated
  (in thousands)
Product sales $ 119,202  $ 18,258  $ —  $ 137,460 
Processing fees 4,047  8,981  —  13,028 
Total revenues 123,249  27,239  —  150,488 
Operating income (loss) before depreciation and amortization 20,002  2,009  (6,665) 15,346 
Operating income (loss) 12,097  (2,084) (6,677) 3,336 
Income (loss) from continuing operations before taxes 9,901  (1,980) (6,751) 1,170 
Depreciation and amortization 7,905  4,093  13  12,011 
Capital expenditures 9,067  1,242  —  10,309 
  September 30, 2021
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Intangible assets, net —  11,512  —  —  11,512 
Total assets 298,885  81,477  118,986  (191,543) 307,805 
  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