| Revenue from Contracts with Customers |
4. Revenue from Contracts with Customers:
Disaggregated Revenue
The Company’s primary means of disaggregating revenues is by reportable segments, which can be found in Note 18 to these condensed consolidated financial statements.
The Company’s portfolio of products is integrated into a variety of end uses, which are described in the table below.
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|
|
|
|
|
| Key End Uses |
Key Products |
| Industrial & process chemicals |
• Sulfur derivatives for industrial production |
|
• Treatment services |
| Fuels & emission control |
• Refining catalysts |
|
• Emission control catalysts |
|
• Catalyst recycling services |
| Packaging & engineered plastics |
• Catalysts for high-density polyethylene and chemicals syntheses |
|
• Antiblock for film packaging |
|
• Sulfur derivatives for nylon production |
| Natural resources |
• Sulfur derivatives for mining |
|
|
The following tables disaggregate the Company’s sales, by segment and end use, for the three and nine months ended September 30, 2021 and 2020:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2021 |
|
Ecoservices |
|
Catalyst Technologies |
|
|
|
|
|
Total |
| Industrial & process chemicals |
$ |
23,297 |
|
|
$ |
5 |
|
|
|
|
|
|
$ |
23,302 |
|
Fuels & emission control(1)
|
67,644 |
|
|
— |
|
|
|
|
|
|
67,644 |
|
| Packaging & engineered plastics |
23,315 |
|
|
29,873 |
|
|
|
|
|
|
53,188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Natural resources |
23,294 |
|
|
— |
|
|
|
|
|
|
23,294 |
|
| Total segment sales |
$ |
137,550 |
|
|
$ |
29,878 |
|
|
|
|
|
|
$ |
167,428 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2020 |
|
Ecoservices |
|
Catalyst Technologies |
|
|
|
|
|
Total |
| Industrial & process chemicals |
$ |
17,447 |
|
|
$ |
51 |
|
|
|
|
|
|
$ |
17,498 |
|
Fuels & emission control(1)
|
60,022 |
|
|
— |
|
|
|
|
|
|
60,022 |
|
| Packaging & engineered plastics |
10,941 |
|
|
23,020 |
|
|
|
|
|
|
33,961 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Natural resources |
19,194 |
|
|
— |
|
|
|
|
|
|
19,194 |
|
| Total segment sales |
$ |
107,604 |
|
|
$ |
23,071 |
|
|
|
|
|
|
$ |
130,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2021 |
|
|
Ecoservices |
|
Catalyst Technologies |
|
|
|
|
|
Total |
| Industrial & process chemicals |
|
$ |
58,581 |
|
|
$ |
5 |
|
|
|
|
|
|
$ |
58,586 |
|
Fuels & emission control(1)
|
|
191,630 |
|
|
— |
|
|
|
|
|
|
191,630 |
|
| Packaging & engineered plastics |
|
48,916 |
|
|
82,490 |
|
|
|
|
|
|
131,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Natural resources |
|
59,382 |
|
|
— |
|
|
|
|
|
|
59,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total segment sales |
|
$ |
358,509 |
|
|
$ |
82,495 |
|
|
|
|
|
|
$ |
441,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2020 |
|
|
Ecoservices |
|
Catalyst Technologies |
|
|
|
|
|
Total |
| Industrial & process chemicals |
|
$ |
53,518 |
|
|
$ |
100 |
|
|
|
|
|
|
$ |
53,618 |
|
Fuels & emission control(1)
|
|
166,416 |
|
|
— |
|
|
|
|
|
|
166,416 |
|
| Packaging & engineered plastics |
|
29,147 |
|
|
73,043 |
|
|
|
|
|
|
102,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Natural resources |
|
49,646 |
|
|
— |
|
|
|
|
|
|
49,646 |
|
| Total segment sales |
|
$ |
298,727 |
|
|
$ |
73,143 |
|
|
|
|
|
|
$ |
371,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)As described in Note 1, the Company experiences seasonal sales fluctuations to customers in the fuels & emission control end use.
Contract Assets and Liabilities A contract asset is a right to consideration in exchange for goods that the Company has transferred to a customer when that right is conditional on something other than the passage of time. A contract liability exists when the Company receives consideration in advance of performance obligations being satisfied. The Company has no contract assets or liabilities on its condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020. For the three and nine months ended September 30, 2021 and 2020, revenue recognized from performance obligations related to prior periods was not material.
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