SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2017

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.  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 March 31, 2017
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	44,391	$	6,508		$	-		$	50,899
Processing fees		1,488		3,155			-			4,643
Net revenues		45,879		9,663			-			55,542
Operating profit (loss) before depreciation and amortization		8,214		745			(2,179	)		6,780
Operating profit (loss)		6,658		(271	)		(2,195	)		4,192
Profit (loss) before taxes		6,005		(290	)		(3,167	)		2,548
Depreciation and amortization		1,556		1,016			16			2,588
Capital expenditures		8,756		5,125			-			13,881

	Three Months Ended March 31, 2016
	Petrochemical		Specialty Wax		Corporate			Consolidated
	(in thousands)
Product sales	$	42,624	$	4,557	$	-		$	47,181
Processing fees		1,441		3,578		-			5,019
Net revenues		44,065		8,135		-			52,200
Operating profit (loss) before depreciation and amortization		8,412		2,062		(1,933	)		8,541
Operating profit (loss)		7,075		1,011		(1,941	)		6,145
Profit (loss) before taxes		6,449		1,006		3,416			10,871
Depreciation and amortization		1,337		1,051		8			2,396
Capital expenditures		5,662		1,940		-			7,602

	March 31, 2017
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	44,002	$	-	$	-		$	44,002
Total assets		228,280		116,765		99,018		(148,510	)		295,553

	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		106,428		(148,996	)		290,484