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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2017
SEGMENT INFORMATION [Abstract]  
SEGMENT INFORMATION
NOTE 18 – SEGMENT INFORMATION

We operate 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, 2017
 
  
Petrochemical
  
Specialty Wax
  
Corporate
  
Consolidated
 
  
(in thousands)
 
Net revenues
 
$
210,381
  
$
34,762
  
$
-
  
$
245,143
 
Operating profit (loss) before depreciation
 and amortization
  
36,511
   
(35
)
  
(7,413
)
  
29,063
 
Operating profit (loss)
  
30,201
   
(4,624
)
  
(7,475
)
  
18,102
 
Profit (loss) before taxes
  
27,852
   
(5,238
)
  
(11,764
)
  
10,850
 
Depreciation and amortization
  
6,310
   
4,589
   
62
   
10,961
 
Capital expenditures
  
37,569
   
14,015
   
-
   
51,584
 


     
Year Ended December 31, 2017
 
  
Petrochemical
  
Specialty Wax
  
Corporate
  
Eliminations
  
Consolidated
 
     
(in thousands)
 
Goodwill and intangible assets, net
 
$
-
  
$
42,606
  
$
-
  
$
-
  
$
42,606
 
Total assets
  
265,213
   
117,579
   
97,880
   
(153,346
)
  
327,326
 


  
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
   
(149,870
)
  
290,484