14. 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 is 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 September 30, 2017
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	52,440	$	5,590		$	-		$	58,030
Processing fees		1,519		1,959			-			3,478
Total revenues		53,959		7,549			-			61,508
Operating profit (loss) before depreciation and amortization		9,319		(587	)		(1,957	)		6,775
Operating profit (loss)		7,735		(1,795	)		(1,975	)		3,965
Profit (loss) before taxes		7,149		(1,975	)		(2,879	)		2,295
Depreciation and amortization		1,584		1,208			18			2,810
Capital expenditures		9,426		1,991			-			11,417

	Nine Months Ended September 30, 2017
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	147,339	$	18,606		$	-		$	165,945
Processing fees		5,078		8,142			-			13,220
Total revenues		152,417		26,748			-			179,165
Operating profit (loss) before depreciation and amortization		26,294		969			(5,978	)		21,285
Operating profit (loss)		21,610		(2,264	)		(6,027	)		13,319
Profit (loss) before taxes		19,750		(2,534	)		(11,209	)		6,007
Depreciation and amortization		4,684		3,233			49			7,966
Capital expenditures		27,203		12,047			-			39,250

	Three Months Ended September 30, 2016
	Petrochemical		Specialty Wax			Corporate			Consolidated
	(in thousands)
Product sales	$	47,250	$	4,865		$	-		$	52,115
Processing fees		2,909		2,118			-			5,027
Total 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
Profit (loss) before taxes		5,812		(1,063	)		(182	)		4,567
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
Total 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
Profit before taxes*		19,696		11,427			259			31,382
Depreciation and amortization		4,211		2,945			20			7,176
Capital expenditures		16,812		11,059			-			27,871

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

	September 30, 2017
	Petrochemical		Specialty Wax		Corporate		Eliminations			Consolidated
	(in thousands)
Goodwill and intangible assets, net	$	-	$	43,071	$	-	$	-		$	43,071
Total assets		246,679		116,494		94,747		(151,121	)		306,799

	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