SEGMENT INFORMATION

9 Months Ended

Sep. 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 September 30, 2016
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	47,250	$	4,864		$	-		$	52,114
Processing fees		2,909		2,119			-			5,028
Net revenues		50,159		6,983			-			57,142
Operating profit (loss) before depreciation and amortization		7,813		118			(1,238	)		6,693
Operating profit (loss)		6,366		(987	)		(1,251	)		4,128
Depreciation and amortization		1,447		1,105			13			2,565
Capital expenditures		5,411		4,066						9,477

	Nine Months Ended September 30, 2016
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	129,076	$	14,585		$	-		$	143,661
Processing fees		6,769		7,766			-			14,535
Net revenues		135,845		22,351			-			158,196
Operating profit (loss) before depreciation and amortization		25,699		2,774			(5,128	)		23,345
Operating profit (loss)		21,488		(171	)		(5,148	)		16,169
Depreciation and amortization		4,211		2,945			20			7,176
Capital expenditures		16,812		11,059						27,871

	Three Months Ended September 30, 2015
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	59,122	$	4,068	$	-		$	63,190
Processing fees		1,364		2,384		-			3,748
Net revenues		60,486		6,452		-			66,938
Operating profit (loss) before depreciation and amortization		13,636		1,393		(1,654	)		13,375
Operating profit (loss)		12,557		178		(1,672	)		11,063
Depreciation and amortization		1,079		1,215		18			2,312
Capital expenditures		4,857		1,766					6,623

	Nine Months Ended September 30, 2015
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	158,647	$	11,749	$	-		$	170,396
Processing fees		4,409		6,626		-			11,035
Net revenues		163,056		18,375		-			181,431
Operating profit (loss) before depreciation and amortization		38,197		3,897		(5,145	)		36,949
Operating profit (loss)		35,075		375		(5,163	)		30,287
Depreciation and amortization		3,122		3,522		18			6,662
Capital expenditures		17,876		5,664					23,540

	September 30, 2016
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	44,932	$	-	$	-		$	44,932
Total assets		209,319		104,924		100,264		(131,352	)		283,155

	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