SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2021

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, 2021
	Specialty Petrochemicals		Specialty Waxes		Corporate		Consolidated
	(in thousands)
Product sales	$	61,938	$	8,484	$	—	$	70,422
Processing fees	1,419		2,796		—		4,215
Total revenues	63,357		11,280		—		74,637
Operating income (loss) before depreciation and amortization	7,258		2,041		(4,953)		4,346
Operating income (loss)	4,413		489		(5,069)		(167)
Income (loss) from continuing operations before taxes	4,062		2,671		(5,061)		1,672
Depreciation and amortization	2,844		1,553		—		4,397
Capital expenditures	3,416		215		—		3,631

	Three Months Ended September 30, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		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

	Nine Months Ended September 30, 2021
	Specialty Petrochemicals		Specialty Waxes		Corporate		Consolidated
	(in thousands)
Product sales	$	164,359	$	22,288	$	—	$	186,647
Processing fees	4,200		7,224		—		11,424
Total revenues	168,559		29,512		—		198,071
Operating income (loss) before depreciation and amortization	19,570		2,881		(11,973)		10,478
Operating income (loss)	11,137		(1,666)		(11,729)		(2,258)
Income (loss) from continuing operations before taxes	10,474		533		(11,782)		(775)
Depreciation and amortization	8,433		4,547		6		12,986
Capital expenditures	10,675		1,620		—		12,295

	Nine Months Ended September 30, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		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

	September 30, 2021
	Specialty Petrochemicals	Specialty Waxes	Corporate	Eliminations	Consolidated
	(in thousands)
Intangible assets, net	—	11,512	—	—	11,512
Total assets	298,885	81,477	118,986	(191,543)	307,805

	December 31, 2020
	Specialty Petrochemicals	Specialty Waxes	Corporate	Eliminations	Consolidated
	(in thousands)
Intangible assets, net	—	12,893	—	—	12,893
Total assets	298,198	83,108	127,260	(191,733)	316,833