Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.20.2
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2020
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, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations 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 
  Three Months Ended September 30, 2019
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Product sales $ 53,277  $ 5,834  $ —  —  $ 59,111 
Processing fees 1,208  2,396  —  —  3,604 
Total revenues 54,485  8,230  —  —  62,715 
Operating income (loss) before depreciation and amortization 10,414  (260) (2,670) —  7,484 
Operating income (loss) 7,449  (1,808) (2,683) —  2,958 
Income (loss) from continuing operations before taxes 6,583  (2,071) (2,691) —  1,821 
Depreciation and amortization 1,900  1,548  14  —  3,462 
Capital expenditures 2,163  361  —  —  2,524 
  Nine Months Ended September 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations 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 
  Nine Months Ended September 30, 2019
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Product sales $ 167,351  $ 18,582  $ —  —  $ 185,933 
Processing fees 4,117  7,191  —  —  11,308 
Total revenues 171,468  25,773  —  —  197,241 
Operating income (loss) before depreciation and amortization 31,849  (343) (7,158) —  24,348 
Operating income (loss) 22,885  (4,638) (7,203) —  11,044 
Income (loss) from continuing operations before taxes 20,093  (5,623) (7,202) —  7,268 
Depreciation and amortization 7,899  4,295  46  —  12,240 
Capital expenditures 5,002  1,296  —  —  6,298 
  September 30, 2020
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Trade receivables, product sales $ 16,154  $ 3,606  $ —  $ —  $ 19,760 
Trade receivables, processing fees 771  2,125  —  —  2,896 
Intangible assets, net —  13,354  —  —  13,354 
Total assets 290,266  84,933  131,187  (184,066) 322,320 
  December 31, 2019
  Specialty Petrochemicals Specialty Waxes Corporate Eliminations Consolidated
  (in thousands)
Trade receivables, product sales $ 18,911  $ 3,613  $ —  $ —  $ 22,524 
Trade receivables, processing fees 748  3,048  —  —  3,796 
Intangible assets, net —  14,736  —  —  14,736 
Total assets 289,546  88,245  90,203  (166,175) 301,819