SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2015

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

12. 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.

Our petrochemical segment includes SHR and GSPL.  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 first quarter 2015 transactions for TC since that is the time period affected by segment reporting due to the acquisition closing in the fourth quarter of 2014.

	Three Months Ended March 31, 2015
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	47,183	$	3,358	$	-		$	50,541
Processing fees		1,524		3,078		-			4,602
Net revenues		48,707		6,436		-			55,143
Operating profit before depreciation and amortization		11,712		2,074		(1,812	)		11,974
Operating profit (loss)		10,617		928		(1,812	)		9,733
Depreciation and amortization		1,095		1,146		-			2,241
Capital expenditures		6,815		928					7,743

			March 31, 2015
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
			(in thousands)
Goodwill and intangible assets, net	$	-	$	47,514	$	-	$	-		$	47,514
Total assets		176,427		80,248		99,575		(120,724	)		235,526

			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