XML 27 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Segment
 9 Months Ended
Sep. 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 September 30,

 

Nine Months Ended September 30,

 

 

2025

 

2024

 

2025

 

2024

 

 

(In Thousands)

Net sales

 

$155,431

 

$109,217

 

$450,159

 

$387,494

Less:

 

 

 

 

 

 

 

 

Cost of sales excluding depreciation, amortization
  and turnaround expense

 

109,453

 

84,214

 

321,310

 

272,596

Depreciation and amortization

 

19,348

 

16,664

 

60,027

 

52,512

Turnaround expense

 

1,087

 

16,284

 

5,722

 

20,638

    Total cost of sales

 

129,888

 

117,162

 

387,059

 

345,746

Selling, general and administrative

 

 

 

 

 

 

 

 

Wages and benefits

 

5,953

 

5,357

 

18,210

 

17,045

   Other selling general and administrative

 

4,380

 

4,685

 

12,120

 

14,838

Total selling general and administrative

 

10,333

 

10,042

 

30,330

 

31,883

Interest expense

 

7,363

 

8,115

 

23,313

 

26,229

Loss (gain) on extinguishments of debt

 

—

 

—

 

59

 

(3,013)

Loss from asset write-down and disposals

 

434

 

5,639

 

3,033

 

8,582

Income tax provision (benefit)

 

2,536

 

(4,482)

 

3,337

 

(2,629)

Other segment items (a)

 

(2,238)

 

(1,877)

 

(5,453)

 

(9,100)

Segment net income (loss)

 

7,115

 

(25,382)

 

8,481

 

(10,204)

 

 

 

 

 

 

 

 

 

Reconciliation of profit or loss

 

 

 

 

 

 

 

 

Adjustments and reconciling items

 

—

 

—

 

—

 

—

Consolidated net income (loss)

 

$7,115

 

$(25,382)

 

$8,481

 

$(10,204)

_____________________________

(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.