SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

We operate in two business segments: Specialty Petrochemicals 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 Specialty Petrochemicals segment includes SHR and GSPL. Our Specialty Waxes 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.

	Year Ended December 31, 2021
	Specialty Petrochemicals		Specialty Waxes		Corporate		Consolidated
	(in thousands)
Net revenues	$	234,091	$	38,599	$	—	$	272,690
Operating income (loss) before depreciation and amortization	25,930		3,120		(14,838)		14,212
Operating income (loss)	14,748		(2,988)		(14,844)		(3,084)
Income (loss) from continuing operations before taxes	17,722		(800)		(14,323)		2,599
Depreciation and amortization	11,183		6,108		5		17,296
Capital expenditures	11,633		2,519		—		14,152

	Year Ended December 31, 2021
	Specialty Petrochemicals		Specialty Waxes		Corporate		Eliminations		Consolidated
			(in thousands)
Intangible assets, net	$	—	$	11,056	$	—	$	—	$	11,056
Total assets	298,966		79,860		109,292		(194,578)		293,540

	Year Ended December 31, 2020
	Specialty Petrochemicals		Specialty Waxes		Corporate		Consolidated
	(in thousands)
Net revenues	$	172,350	$	36,276	$	—	$	208,626
Operating income (loss) before depreciation and amortization	26,438		1,762		(9,114)		19,086
Operating income (loss)	15,827		(3,760)		(9,129)		2,938
Income (loss) from continuing operations before taxes	13,294		(3,606)		(8,685)		1,003
Depreciation and amortization	10,611		5,522		16		16,149
Capital expenditures	11,334		2,017		—		13,351

	Year Ended 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