Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.19.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2019
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 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 March 31, 2019
 
Specialty Petrochemical

 
Specialty Wax

 
Corporate

 
Eliminations

 
Consolidated

 
(in thousands)
Product sales
$
55,490

 
$
6,003

 
$

 
$

 
$
61,493

Processing fees
1,383

 
2,279

 

 

 
3,662

Total revenues
56,873

 
8,282

 

 

 
65,155

Operating profit (loss) before depreciation and amortization
11,407

 
(849
)
 
(2,305
)
 

 
8,253

Operating profit (loss)
8,333

 
(2,197
)
 
(2,326
)
 

 
3,810

Profit (loss) before taxes
7,135

 
(2,539
)
 
(2,367
)
 

 
2,229

Depreciation and amortization
3,074

 
1,348

 
20

 

 
4,442

Capital expenditures
1,378

 
509

 

 

 
1,887

 
Three Months Ended March 31, 2018
 
Specialty Petrochemical

 
Specialty Wax

 
Corporate

 
Eliminations

 
Consolidated

 
(in thousands)
Product sales
$
60,285

 
$
6,383

 
$

 
31

 
$
66,699

Processing fees
2,028

 
3,212

 

 
(198
)
 
5,042

Total revenues
62,313

 
9,595

 

 
(167
)
 
71,741

Operating profit (loss) before depreciation and amortization
8,393

 
390

 
(2,148
)
 

 
6,635

Operating profit (loss)
6,679

 
(914
)
 
(2,156
)
 

 
3,609

Profit (loss) before taxes
6,054

 
(1,181
)
 
(1,931
)
 

 
2,942

Depreciation and amortization
1,714

 
1,304

 
8

 

 
3,026

Capital expenditures
10,283

 
745

 

 

 
11,028

 
March 31, 2019
 
Specialty Petrochemical

 
Specialty Wax

 
Corporate

 
Eliminations

 
Consolidated

 
(in thousands)
Trade receivables, product sales
$
19,938

 
$
3,279

 
$

 
$

 
$
23,217

Trade receivables, processing fees
684

 
1,836

 

 

 
2,520

Goodwill and intangible assets, net

 
40,280

 

 

 
40,280

Total assets
301,633

 
113,827

 
90,141

 
(164,205
)
 
341,396

 
December 31, 2018
 
Specialty Petrochemical

 
Specialty Wax

 
Corporate

 
Eliminations

 
Consolidated

 
(in thousands)
Trade receivables, product sales
$
21,915

 
$
3,173

 
$

 
$

 
$
25.088

Trade receivables, processing fees
633

 
1,391

 

 

 
2,024

Goodwill and intangible assets, net

 
40,745

 

 

 
40,745

Total assets
284,367

 
115,366

 
91,474

 
(161,239
)
 
329,968