SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2016

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

13. 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 petrochemical segment includes SHR and GSPL.  Our specialty wax segment includes TC which includes the newly acquired plant discussed in Note 6.  We also separately identify our corporate overhead which includes financing and administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.

	Three Months Ended June 30, 2016
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	39,202	$	5,164		$	-		$	44,366
Processing fees		2,419		2,069			-			4,488
Net revenues		41,621		7,233			-			48,854
Operating profit before depreciation and amortization		9,476		584			(1,949	)		8,111
Operating profit (loss)		8,048		(196	)		(1,956	)		5,896
Depreciation and amortization		1,428		780			7			2,215
Capital expenditures		5,739		5,053						10,792

	Six Months Ended June 30, 2016
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	81,826	$	9,721	$	-		$	91,547
Processing fees		3,860		5,647		-			9,507
Net revenues		85,686		15,368		-			101,054
Operating profit before depreciation and amortization		17,886		2,647		(3,881	)		16,652
Operating profit (loss)		15,122		816		(3,897	)		12,041
Depreciation and amortization		2,764		1,831		16			4,611
Capital expenditures		11,401		6,993					18,394

	Three Months Ended June 30, 2015
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	52,342	$	4,323		$	-		$	56,665
Processing fees		1,521		1,164			-			2,685
Net revenues		53,863		5,487			-			59,350
Operating profit before depreciation and amortization		12,850		429			(1,679	)		11,600
Operating profit (loss)		11,902		(732	)		(1,679	)		9,491
Depreciation and amortization		948		1,161			-			2,109
Capital expenditures		6,204		2,903						9,107

	Six Months Ended June 30, 2015
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	99,525	$	7,681	$	-		$	107,206
Processing fees		3,045		4,242		-			7,287
Net revenues		102,570		11,923		-			114,493
Operating profit before depreciation and amortization		24,562		2,503		(3,491	)		23,574
Operating profit (loss)		22,519		196		(3,491	)		19,224
Depreciation and amortization		2,043		2,307		-			4,350
Capital expenditures		13,019		3,831					16,850

	June 30, 2016
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	45,403	$	-	$	-		$	45,403
Total assets		204,114		102,452		102,719		(129,633	)		279,652

	Year Ended December 31, 2015
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	46,347	$	-	$	-		$	46,347
Total assets		195,358		86,076		98,728		(122,371	)		257,791