| 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.
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Three Months Ended March 31, 2020 |
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Specialty Petrochemicals |
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Specialty Waxes |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Product sales |
$ |
50,386 |
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$ |
6,797 |
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$ |
— |
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$ |
— |
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$ |
57,183 |
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Processing fees |
1,244 |
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|
3,640 |
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— |
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— |
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4,884 |
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Total revenues |
51,630 |
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|
10,437 |
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— |
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— |
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62,067 |
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Operating income (loss) before depreciation and amortization |
6,490 |
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|
1,066 |
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(2,415 |
) |
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— |
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5,141 |
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Operating income (loss) |
3,872 |
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(262 |
) |
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(2,422 |
) |
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— |
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|
1,188 |
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Income (loss) from continuing operations before taxes |
2,942 |
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(242 |
) |
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(2,490 |
) |
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— |
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|
210 |
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Depreciation and amortization |
2,617 |
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|
1,328 |
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7 |
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— |
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3,952 |
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Capital expenditures |
1,601 |
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|
316 |
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— |
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— |
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1,917 |
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Three Months Ended March 31, 2019 |
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Specialty Petrochemicals |
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Specialty Waxes |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Product sales |
$ |
55,490 |
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$ |
6,003 |
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$ |
— |
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— |
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$ |
61,493 |
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Processing fees |
1,383 |
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|
2,279 |
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— |
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— |
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|
3,662 |
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Total revenues |
56,873 |
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|
8,282 |
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— |
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— |
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|
65,155 |
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Operating income (loss) before depreciation and amortization |
11,407 |
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(849 |
) |
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(2,305 |
) |
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— |
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|
8,253 |
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Operating income (loss) |
8,333 |
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(2,197 |
) |
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(2,310 |
) |
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— |
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|
3,826 |
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Income (loss) from continuing operations before taxes |
7,135 |
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(2,539 |
) |
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(2,292 |
) |
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— |
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2,304 |
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Depreciation and amortization |
3,074 |
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|
1,348 |
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20 |
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— |
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4,442 |
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Capital expenditures |
1,378 |
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|
509 |
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— |
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— |
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1,887 |
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March 31, 2020 |
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Specialty Petrochemicals |
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Specialty Waxes |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Trade receivables, product sales |
$ |
20,556 |
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$ |
4,079 |
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$ |
— |
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$ |
— |
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$ |
24,635 |
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Trade receivables, processing fees |
811 |
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|
2,950 |
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— |
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— |
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|
3,761 |
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Intangible assets, net |
— |
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|
14,275 |
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— |
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— |
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|
14,275 |
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Total assets |
293,382 |
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|
91,674 |
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|
120,689 |
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(167,344 |
) |
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338,401 |
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December 31, 2019 |
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Specialty Petrochemicals |
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Specialty Waxes |
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Corporate |
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Eliminations |
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Consolidated |
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(in thousands) |
Trade receivables, product sales |
$ |
18,911 |
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$ |
3,613 |
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$ |
— |
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$ |
— |
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$ |
22,524 |
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Trade receivables, processing fees |
748 |
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|
3,048 |
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— |
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— |
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|
3,796 |
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Intangible assets, net |
— |
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14,736 |
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— |
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— |
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14,736 |
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Total assets |
289,546 |
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|
88,245 |
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|
90,203 |
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(166,175 |
) |
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301,819 |
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