SEGMENT INFORMATION

6 Months Ended

Jun. 30, 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 June 30, 2017
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	50,508	$	6,508		$	-		$	57,016
Processing fees		2,071		3,028			-			5,099
Total revenues		52,579		9,536			-			62,115
Operating profit (loss) before depreciation and amortization		8,761		810			(1,841	)		7,730
Operating profit (loss)		7,217		(198	)		(1,857	)		5,162
Profit (loss) before taxes		6,598		(269	)		(5,165	)		1,164
Depreciation and amortization		1,544		1,008			16			2,568
Capital expenditures		9,021		4,931			-			13,952

	Six Months Ended June 30, 2017
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	94,899	$	13,016		$	-		$	107,915
Processing fees		3,559		6,183			-			9,742
Total revenues		98,458		19,199			-			117,657
Operating profit (loss) before depreciation and amortization		16,975		1,555			(4,020	)		14,510
Operating profit (loss)		13,875		(469	)		(4,052	)		9,354
Profit (loss) before taxes		12,601		(559	)		(8,330	)		3,712
Depreciation and amortization		3,100		2,024			32			5,156
Capital expenditures		17,777		10,056			-			27,833

	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
Total revenues		41,621		7,233			-			48,854
Operating profit (loss) before depreciation and amortization		9,476		584			(1,949	)		8,111
Operating profit (loss)		8,048		(196	)		(1,956	)		5,896
Profit (loss) before taxes*		7,435		11,484			(2,975	)		15,944
Depreciation and amortization		1,428		780			7			2,215
Capital expenditures		5,739		5,053						10,792

    *Profit (loss) before taxes for the specialty wax segment includes a bargain purchase gain of $11.5 million.

	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
Total revenues		85,686		15,368		-			101,054
Operating profit (loss) before depreciation and amortization		17,886		2,647		(3,881	)		16,652
Operating profit (loss)		15,122		816		(3,897	)		12,041
Profit before taxes*		13,884		12,490		441			26,815
Depreciation and amortization		2,764		1,831		16			4,611
Capital expenditures		11,401		6,993					18,394

    *Profit (loss) before taxes for the specialty wax segment includes a bargain purchase gain of $11.5 million.

	June 30, 2017
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	43,536	$	-	$	-		$	43,536
Total assets		237,529		117,640		98,153		(152,180	)		301,142

	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