SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2014

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE 18 – SEGMENT INFORMATION

As discussed in Note 1, in October 2014 we began operating in two business segments; petrochemical and specialty waxes.  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.  The accounting policies of the reporting segments are the same as those described in Note 2.

Our petrochemical segment includes South Hampton and Gulf State.  Our specialty wax segment includes TC.  We also separately identify our corporate overhead and investing which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.

The table below reflects only fourth quarter 2014 transactions for TC since that is the time period affected by segment reporting.

	Year Ended December 31, 2014
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Net revenues	$	284,345	$	5,298		$	-		$	289,643
Operating profit before depreciation and amortization		37,083		16			(6,412	)		30,687
Operating profit (loss)		33,019		(1,125	)		(6,412	)		25,482
Depreciation and amortization		4,064		1,141			-			5,205
Capital expenditures		13,986		780						14,766

	Year Ended December 31, 2014
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	47,985	$	-	$	-		$	47,985
Total assets		172,945		79,135		99,360		(119,366	)		232,074