SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2015

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 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 full year 2015.

	Year Ended December 31, 2015
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Net revenues	$	218,233	$	23,743		$	-		$	241,976
Operating profit before depreciation and amortization		47,565		4,549			(7,013	)		45,101
Operating profit (loss)		43,081		(1	)		(7,039	)		36,041
Depreciation and amortization		4,484		4,550			26			9,060
Capital expenditures		24,358		6,889			-			31,247

			Year Ended December 31, 2015
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
			(in thousands)
Goodwill and intangible assets, net	$	-	$	46,347	$	-	$	-		$	46,347
Total assets		196,378		86,076		98,728		(122,371	)		258,811

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		1,612			-			5,676
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