SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

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 Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes segment is TC. We also separately identify our corporate overhead which includes administrative activities such as legal, accounting, consulting, investor relations, officer and director compensation, corporate insurance, and other administrative costs.

	Three Months Ended September 30, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations		Consolidated
	(in thousands)
Product sales	$	37,580	$	5,990	$	—	$	—	$	43,570
Processing fees	1,644		2,533		—		—		4,177
Total revenues	39,224		8,523		—		—		47,747
Operating income (loss) before depreciation and amortization	8,538		89		(2,050)		—		6,577
Operating income (loss)	5,871		(1,337)		(2,052)		—		2,482
Income (loss) from continuing operations before taxes	5,311		(1,293)		(2,057)		—		1,961
Depreciation and amortization	2,667		1,427		2		—		4,096
Capital expenditures	2,084		641		—		—		2,725

	Three Months Ended September 30, 2019
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations	Consolidated
	(in thousands)
Product sales	$	53,277	$	5,834	$	—	—	$	59,111
Processing fees	1,208		2,396		—		—	3,604
Total revenues	54,485		8,230		—		—	62,715
Operating income (loss) before depreciation and amortization	10,414		(260)		(2,670)		—	7,484
Operating income (loss)	7,449		(1,808)		(2,683)		—	2,958
Income (loss) from continuing operations before taxes	6,583		(2,071)		(2,691)		—	1,821
Depreciation and amortization	1,900		1,548		14		—	3,462
Capital expenditures	2,163		361		—		—	2,524

	Nine Months Ended September 30, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations		Consolidated
	(in thousands)
Product sales	$	119,202	$	18,258	$	—	$	—	$	137,460
Processing fees	4,047		8,981		—		—		13,028
Total revenues	123,249		27,239		—		—		150,488
Operating income (loss) before depreciation and amortization	20,002		2,009		(6,665)		—		15,346
Operating income (loss)	12,097		(2,084)		(6,677)		—		3,336
Income (loss) from continuing operations before taxes	9,901		(1,980)		(6,751)		—		1,170
Depreciation and amortization	7,905		4,093		13		—		12,011
Capital expenditures	9,067		1,242		—		—		10,309

	Nine Months Ended September 30, 2019
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations	Consolidated
	(in thousands)
Product sales	$	167,351	$	18,582	$	—	—	$	185,933
Processing fees	4,117		7,191		—		—	11,308
Total revenues	171,468		25,773		—		—	197,241
Operating income (loss) before depreciation and amortization	31,849		(343)		(7,158)		—	24,348
Operating income (loss)	22,885		(4,638)		(7,203)		—	11,044
Income (loss) from continuing operations before taxes	20,093		(5,623)		(7,202)		—	7,268
Depreciation and amortization	7,899		4,295		46		—	12,240
Capital expenditures	5,002		1,296		—		—	6,298

	September 30, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations		Consolidated
	(in thousands)
Trade receivables, product sales	$	16,154	$	3,606	$	—	$	—	$	19,760
Trade receivables, processing fees	771		2,125		—		—		2,896
Intangible assets, net	—		13,354		—		—		13,354
Total assets	290,266		84,933		131,187		(184,066)		322,320

	December 31, 2019
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations		Consolidated
	(in thousands)
Trade receivables, product sales	$	18,911	$	3,613	$	—	$	—	$	22,524
Trade receivables, processing fees	748		3,048		—		—		3,796
Intangible assets, net	—		14,736		—		—		14,736
Total assets	289,546		88,245		90,203		(166,175)		301,819