SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2016

SEGMENT INFORMATION [Abstract]

SEGMENT INFORMATION

NOTE 18 – SEGMENT INFORMATION

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.

	Year Ended December 31, 2016
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Net revenues	$	182,028	$	30,371		$	-		$	212,399
Operating profit before depreciation and amortization		31,885		3,043			(6,444	)		28,484
Operating profit (loss)		26,060		(865	)		(6,488	)		18,707
Profit (loss) before taxes		24,084		10,675			(4,827	)		29,932
Depreciation and amortization		5,825		3,908			44			9,777
Capital expenditures		22,948		17,547			-			40,495

			Year Ended December 31, 2016
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
			(in thousands)
Goodwill and intangible assets, net	$	-	$	44,467	$	-	$	-		$	44,467
Total assets		219,376		113,676		107,302		(148,255	)		292,099

	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
Profit (loss) before taxes		40,948		(195	)		(12,392	)		28,362
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		195,358		86,076		98,728		(122,371	)		257,791