XML 33 R20.htm IDEA: XBRL DOCUMENT v3.25.2
Segment
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment

11. Segment

The Company is managed on a consolidated basis with a single reportable segment, chemical manufacturing, which is not an aggregation of individual operating segments. There have been no changes in the basis of segmentation or in the basis of measurement of segment profit or loss since the filing of our 2024 Form 10-K. Information about reported segment revenue, measures of a segment’s profit or loss, significant segment expenses, and measure of a segment's assets:

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2025

 

2024

 

2025

 

2024

 

 

(In Thousands)

Net sales

 

$151,296

 

$140,073

 

$294,728

 

$278,277

Less:

 

 

 

 

 

 

 

 

Cost of sales excluding depreciation, amortization
  and turnaround expense

 

104,867

 

90,465

 

211,857

 

188,382

Depreciation and amortization

 

20,617

 

18,754

 

40,680

 

35,848

Turnaround expense

 

2,639

 

3,439

 

4,634

 

4,354

    Total cost of sales

 

128,123

 

112,658

 

257,171

 

228,584

Selling, general and administrative

 

 

 

 

 

 

 

 

Wages and benefits

 

6,037

 

5,545

 

12,257

 

11,688

   Other selling general and administrative

 

3,807

 

6,002

 

7,740

 

10,153

Total selling general and administrative

 

9,844

 

11,547

 

19,997

 

21,841

Interest expense

 

7,886

 

8,385

 

15,950

 

18,114

Loss (gain) on extinguishments of debt

 

59

 

(1,879)

 

59

 

(3,013)

Loss from asset write-down and disposals

 

2,528

 

1,489

 

2,599

 

2,943

Income tax provision

 

1,084

 

1,250

 

801

 

1,853

Other segment items (a)

 

(1,234)

 

(2,932)

 

(3,215)

 

(7,223)

Segment net income

 

3,006

 

9,555

 

1,366

 

15,178

 

 

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

 

 

 

Adjustments and reconciling items

 

—

 

—

 

—

 

—

Consolidated net income

 

$3,006

 

$9,555

 

$1,366

 

$15,178

_____________________________

(a) For the periods presented, amount consisted primarily of interest and sublease income.

The measure of our chemical manufacturing segment assets is reported on the condensed consolidated balance sheet as total assets. Expenditures for long-lived chemical manufacturing segment assets are reported on our condensed consolidated statement of cash flows.