Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.8.0.1
SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2017
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
14. 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 petrochemical segment includes SHR and GSPL.  Our specialty wax segment is 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.
 
   
Three Months Ended September 30, 2017
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
52,440
   
$
5,590
   
$
-
   
$
58,030
 
Processing fees
   
1,519
     
1,959
     
-
     
3,478
 
Total revenues
   
53,959
     
7,549
     
-
     
61,508
 
Operating profit (loss) before depreciation and amortization
   
9,319
     
(587
)
   
(1,957
)
   
6,775
 
Operating profit (loss)
   
7,735
     
(1,795
)
   
(1,975
)
   
3,965
 
Profit (loss) before taxes
   
7,149
     
(1,975
)
   
(2,879
)
   
2,295
 
Depreciation and amortization
   
1,584
     
1,208
     
18
     
2,810
 
Capital expenditures
   
9,426
     
1,991
     
-
     
11,417
 


   
Nine Months Ended September 30, 2017
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
147,339
   
$
18,606
   
$
-
   
$
165,945
 
Processing fees
   
5,078
     
8,142
     
-
     
13,220
 
Total revenues
   
152,417
     
26,748
     
-
     
179,165
 
Operating profit (loss) before depreciation and amortization
   
26,294
     
969
     
(5,978
)
   
21,285
 
Operating profit (loss)
   
21,610
     
(2,264
)
   
(6,027
)
   
13,319
 
Profit (loss) before taxes
   
19,750
     
(2,534
)
   
(11,209
)
   
6,007
 
Depreciation and amortization
   
4,684
     
3,233
     
49
     
7,966
 
Capital expenditures
   
27,203
     
12,047
     
-
     
39,250
 


   
Three Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
47,250
   
$
4,865
   
$
-
   
$
52,115
 
Processing fees
   
2,909
     
2,118
     
-
     
5,027
 
Total revenues
   
50,159
     
6,983
     
-
     
57,142
 
Operating profit (loss) before depreciation and amortization
   
7,813
     
118
     
(1,238
)
   
6,693
 
Operating profit (loss)
   
6,366
     
(987
)
   
(1,251
)
   
4,128
 
Profit (loss) before taxes
   
5,812
     
(1,063
)
   
(182
)
   
4,567
 
Depreciation and amortization
   
1,447
     
1,105
     
13
     
2,565
 
Capital expenditures
   
5,411
     
4,066
     
-
     
9,477
 
 
 
   
Nine Months Ended September 30, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Consolidated
 
   
(in thousands)
 
Product sales
 
$
129,076
   
$
14,585
   
$
-
   
$
143,661
 
Processing fees
   
6,769
     
7,766
     
-
     
14,535
 
Total revenues
   
135,845
     
22,351
     
-
     
158,196
 
Operating profit (loss) before depreciation and amortization
   
25,699
     
2,774
     
(5,128
)
   
23,345
 
Operating profit (loss)
   
21,488
     
(171
)
   
(5,148
)
   
16,169
 
Profit before taxes*
   
19,696
     
11,427
     
259
     
31,382
 
Depreciation and amortization
   
4,211
     
2,945
     
20
     
7,176
 
Capital expenditures
   
16,812
     
11,059
     
-
     
27,871
 
    *Profit (loss) before taxes for the specialty wax segment includes a bargain purchase gain of $11.5 million.


   
September 30, 2017
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
   
$
43,071
   
$
-
   
$
-
   
$
43,071
 
Total assets
   
246,679
     
116,494
     
94,747
     
(151,121
)
   
306,799
 

   
Year Ended December 31, 2016
 
   
Petrochemical
   
Specialty Wax
   
Corporate
   
Eliminations
   
Consolidated
 
   
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
   
$
44,467
   
$
-
   
$
-
   
$
44,467
 
Total assets
   
219,376
     
113,676
     
106,428
     
(148,996
)
   
290,484