SEGMENT INFORMATION AND GEOGRAPHICAL DATA

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT INFORMATION AND GEOGRAPHICAL DATA

SEGMENT INFORMATION AND GEOGRAPHICAL DATA

Segment Information

We operate our business through two reportable business segments:

• Sand - the production and sale of various grades of sand primarily used in the extraction of oil and natural gas and the production of numerous building products and foundry materials.

• Fuel - the refining of transmix, distribution of finished fuel products, terminal and reclamation activities, and refining of biodiesel.

Segments have been identified based on how management makes operating decisions, assesses performance and allocates resources.  Certain items are reviewed by our management on a consolidated basis, and are therefore presented as corporate income rather than segment income:

• general and administrative costs related to corporate overhead, such as headquarters facilities and personnel, as well as equity-based compensation;

• certain other operating costs such as IPO transaction-related; and

• non-operating items such as interest, other income and income taxes.

Although not used by management in its performance monitoring activities, asset information is included in the following tables together with financial information concerning our reportable segments for the years ended December 31, 2015, 2014 and 2013.

	Year Ended December 31, 2015
	Sand Segment		Fuel Segment			Corporate			Total
	($ in thousands)
Revenues	$	269,518	$	442,121		$	—		$	711,639
Cost of goods sold (excluding depreciation, depletion and amortization)	209,161		426,664			—			635,825
Depreciation, depletion and amortization	17,863		10,544			34			28,441
Selling, general and administrative expenses	15,142		4,972			13,005			33,119
Project terminations	10,652		—			—			10,652
Operating income (loss)	$	16,700	$	(59	)	$	(13,039	)	$	3,602
Capital expenditures	$	27,995	$	7,251		$	228		$	35,474
Total assets (at year end)	$	261,761	$	139,070		$	19,217		$	420,048

	Year Ended December 31, 2014
	Sand Segment		Fuel Segment		Corporate			Total
	($ in thousands)
Revenues	$	341,836	$	769,418	$	—		$	1,111,254
Cost of goods sold (excluding depreciation, depletion and amortization)	204,282		745,724		—			950,006
Depreciation, depletion and amortization	12,777		11,998		28			24,803
Selling, general and administrative expenses	15,821		5,319		17,583			38,723
Operating income (loss)	$	108,956	$	6,377	$	(17,611	)	$	97,722
Capital expenditures	$	76,473	$	1,086	$	325		$	77,884
Total assets (at year end)	$	284,330	$	142,354	$	5,443		$	432,127

	Year Ended December 31, 2013
	Sand Segment		Fuel Segment		Corporate			Total
	($ in thousands)
Revenues	$	167,768	$	705,487	$	—		$	873,255
Cost of goods sold (excluding depreciation, depletion and amortization)	91,416		676,495		—			767,911
Depreciation, depletion and amortization	10,458		10,369		1			20,828
Selling, general and administrative expenses	10,556		6,057		10,222			26,835
IPO transaction-related costs	—		—		10,966			10,966
Operating income (loss)	$	55,338	$	12,566	$	(21,189	)	$	46,715
Capital expenditures	$	20,406	$	931	$	32		$	21,369
Total assets (at year end)	$	138,755	$	172,833	$	7,959		$	319,547

Geographical Data

Although we own no long-term assets outside the United States, our Sand segment began selling product in Canada during 2013.  We recognized $39.1 million , $30.8 million and $13.6 million of revenues in Canada for the years ended December 31, 2015, 2014, and 2013, respectively.  All other sales have occurred in the United States.