Trecora Resources (TREC) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 05, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'TRECORA RESOURCES	'
Entity Central Index Key	'0000007039	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	24,259,056
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'

CONSOLIDATED_BALANCE_SHEETS_un

CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$13,948	$7,608
Trade receivables, net	27,625	22,069
Advance to AMAK	0	536
Inventories	11,956	12,063
Prepaid expenses and other assets	2,520	2,075
Contractual based intangible assets, net	0	104
Taxes receivable	0	571
Deferred income taxes	839	1,324
Total current assets	56,888	46,350
Plant, pipeline and equipment, net	46,251	41,925
Investment in AMAK	53,408	54,095
Mineral properties in the United States	588	588
Other assets	772	709
TOTAL ASSETS	157,907	143,667
Current Liabilities	'	'
Accounts payable	12,605	7,362
Accrued interest	81	102
Current portion of derivative instruments	198	292
Accrued liabilities	3,881	3,060
Accrued liabilities in Saudi Arabia	140	140
Current portion of post-retirement benefit	284	278
Current portion of long-term debt	1,400	1,400
Current portion of other liabilities	1,080	1,654
Total current liabilities	19,669	14,288
Long-term debt, net of current portion	7,789	11,839
Post-retirement benefit, net of current portion	649	649
Derivative instruments, net of current portion	183	319
Other liabilities, net of current portion	706	1,369
Deferred income taxes	10,580	11,984
Total liabilities	39,576	40,448
EQUITY	'	'
Common stock-authorized 40 million shares of $.10 par value; issued and outstanding 23.9 million and 23.8 million shares in 2014 and 2013, respectively	2,395	2,383
Additional paid-in capital	47,673	46,064
Accumulated other comprehensive loss	-248	-366
Retained Earnings	68,222	54,849
Total Trecora Resources Stockholders' Equity	118,042	102,930
Noncontrolling Interest	289	289
Total equity	118,331	103,219
TOTAL LIABILITIES AND EQUITY	$157,907	$143,667

CONSOLIDATED_BALANCE_SHEETS_un1

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, except Per Share data, unless otherwise specified
EQUITY	'	'
Common Stock, authorized (in shares)	40	40
Common Stock, par value (in dollars per share)	$0.10	$0.10
Common Stock, issued (in shares)	23.9	23.8
Common Stock, outstanding (in shares)	23.9	23.8

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES	'	'	'	'
Petrochemical Product Sales	$75,283	$59,354	$210,517	$165,737
Processing Fees	1,634	1,516	5,054	3,853
Total Revenues	76,917	60,870	215,571	169,590
OPERATING COSTS AND EXPENSES	'	'	'	'
Cost of Sales and Processing (including depreciation of $881, $834, $2,614, and $2,497, respectively)	63,873	50,772	182,112	144,246
GROSS PROFIT	13,044	10,098	33,459	25,344
GENERAL AND ADMINISTRATIVE EXPENSES	'	'	'	'
General and Administrative	4,086	3,411	12,430	10,368
Depreciation	131	129	406	389
Total General and Administrative Expenses	4,217	3,540	12,836	10,757
OPERATING INCOME	8,827	6,558	20,623	14,587
OTHER INCOME (EXPENSE)	'	'	'	'
Interest Income	8	4	26	5
Interest Expense	-70	-141	-169	-379
Losses on Cash Flow Hedge Reclassified from OCI	-60	-73	-190	-231
Equity in earnings (loss) of AMAK	-343	1,302	-687	8,998
Miscellaneous Income (Expense)	2	-57	-47	-146
Total other income (expenses)	-463	1,035	-1,067	8,247
INCOME BEFORE INCOME TAXES	8,364	7,593	19,556	22,834
INCOME TAXES	2,590	2,372	6,183	6,519
NET INCOME	5,774	5,221	13,373	16,315
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	0	0	0	0
NET INCOME ATTRIBUTABLE TO TRECORA RESOURCES	$5,774	$5,221	$13,373	$16,315
Basic Earnings per Common Share	'	'	'	'
Net Income Attributable to Trecora Resources (dollars)	$0.24	$0.22	$0.55	$0.68
Basic Weighted Average Number of Common Shares Outstanding (in shares)	24,175	24,116	24,163	24,110
Diluted Earnings per Common Share	'	'	'	'
Net Income Attributable to Trecora Resources (dollars)	$0.23	$0.21	$0.54	$0.66
Diluted Weighted Average Number of Common Shares Outstanding (in shares)	24,880	24,782	24,870	24,697

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
OPERATING COSTS AND EXPENSES	'	'	'	'
Cost of petrochemical product Sales and Processing, depreciation	$881	$834	$2,614	$2,497

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]	'	'	'	'
NET INCOME	$5,774	$5,221	$13,373	$16,315
OTHER COMPREHENSIVE GAIN, NET OF TAX	'	'	'	'
Unrealized holding gains arising during period	115	120	308	405
Less: reclassification adjustment for losses included in net income	60	73	190	231
OTHER COMPREHENSIVE GAIN, NET OF TAX	55	47	118	174
COMPREHENSIVE INCOME	$5,829	$5,268	$13,491	$16,489

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) (USD $)

COMMON STOCK [Member]

COMMON STOCK [Member]

COMMON STOCK [Member]

ADDITIONAL PAID-IN CAPITAL [Member]

ADDITIONAL PAID-IN CAPITAL [Member]

ADDITIONAL PAID-IN CAPITAL [Member]

ACCUMULATED OTHER COMPREHENSIVE LOSS [Member]

ACCUMULATED OTHER COMPREHENSIVE LOSS [Member]

ACCUMULATED OTHER COMPREHENSIVE LOSS [Member]

RETAINED EARNINGS [Member]

RETAINED EARNINGS [Member]

RETAINED EARNINGS [Member]

TOTAL [Member]

TOTAL [Member]

TOTAL [Member]

NON-CONTROLLING INTEREST [Member]

NON-CONTROLLING INTEREST [Member]

NON-CONTROLLING INTEREST [Member]

Total

Director [Member]

Employee [Member]

In Thousands, unless otherwise specified

Director [Member]

Employee [Member]

Director [Member]

Employee [Member]

Director [Member]

Employee [Member]

Director [Member]

Employee [Member]

Director [Member]

Employee [Member]

Director [Member]

Employee [Member]

Balance at Dec. 31, 2013

$2,383

'

'

$46,064

'

'

($366)

'

'

$54,849

'

'

$102,930

'

'

$289

'

'

$103,219

'

'

Balance (in shares) at Dec. 31, 2013

23,832

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

23,800

'

'

Stock options

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock options issued

'

0

0

'

323

1,128

'

0

0

'

0

0

'

323

1,128

'

0

0

'

323

1,128

Warrants

0

'

'

79

'

'

0

'

'

0

'

'

79

'

'

0

'

'

79

'

'

Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issued to Employees

3

'

'

88

'

'

0

'

'

0

'

'

91

'

'

0

'

'

91

'

'

Issued to Employees (in shares)

32

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issued to Directors

9

'

'

-9

'

'

0

'

'

0

'

'

0

'

'

0

'

'

0

'

'

Issued to Directors (in shares)

88

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrealized gain on interest rate swap, net of tax expense

0

'

'

0

'

'

118

'

'

0

'

'

118

'

'

0

'

'

118

'

'

Net income

0

'

'

0

'

'

0

'

'

13,373

'

'

13,373

'

'

0

'

'

13,373

'

'

Balance at Sep. 30, 2014

$2,395

'

'

$47,673

'

'

($248)

'

'

$68,222

'

'

$118,042

'

'

$289

'

'

$118,331

'

'

Balance (in shares) at Sep. 30, 2014

23,952

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

23,900

'

'

CONSOLIDATED_STATEMENT_OF_STOC1

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) [Abstract]	'
Unrealized Gain on Interest Rate Swap, income tax expense	$64

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES	'	'
Net Income Attributable to Trecora Resources	$13,373	$16,315
Adjustments to Reconcile Net Income Attributable to Trecora Resources To Net Cash Provided by Operating Activities:	'	'
Depreciation	3,020	2,886
Amortization of Contractual Based Intangible Asset	104	188
Accretion of Notes Receivable Discounts	-26	-5
Unrealized gain (loss)	-48	39
Stock-based Compensation	1,530	882
Deferred Income Taxes	-982	1,240
Postretirement Obligation	6	5
Equity in (earnings) losses of AMAK	687	-5,001
Gain from additional equity issuance by AMAK	0	-3,997
Changes in Operating Assets and Liabilities:	'	'
Increase in Trade Receivables	-5,556	-4,518
(Increase) Decrease in Notes Receivable	211	-357
Decrease in Income Tax Receivable	571	1,182
(Increase) Decrease in Inventories	107	-3,270
Increase in Prepaid Expenses	-695	-915
Increase in Accounts Payable and Accrued Liabilities	6,064	634
Increase (Decrease) in Accrued Interest	-21	13
Increase in Other Liabilities	0	2,255
Net Cash Provided by Operating Activities	18,345	7,576
INVESTING ACTIVITIES	'	'
Additions to Plant, Pipeline and Equipment	-8,582	-5,156
Addition to Investment in AMAK	0	-7,862
Advance to AMAK, net	536	2,016
Net Cash Used in Investing Activities	-8,046	-11,002
FINANCING ACTIVITIES	'	'
Issuance of Common Stock	91	44
Additions to Long-Term Debt	3,000	6,000
Repayment of Long-Term Debt	-7,050	-5,050
Net Cash Provided by (Used in) Financing Activities	-3,959	994
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,340	-2,432
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	7,608	9,508
CASH AND CASH EQUIVALENTS AT END OF PERIOD	13,948	7,076
Supplemental disclosure of cash flow information:	'	'
Cash payments for interest	372	587
Cash payments for taxes	5,859	3,006
Supplemental disclosure of non-cash items:	'	'
Capital expansion amortized to depreciation expense	1,236	819
Unrealized gain on interest rate swap, net of tax expense	$118	$174

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
BASIS OF PRESENTATION [Abstract]	'
BASIS OF PRESENTATION	'
	1. BASIS OF PRESENTATION
	The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in conformity with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Accordingly, these unaudited financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and, therefore, should be read in conjunction with the financial statements and related notes contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.
	The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual condensed financial statements and in management’s opinion reflect all adjustments, including normal recurring adjustments, necessary to present fairly the Company’s financial position, results of operations and cash flows for the interim periods presented.  In the opinion of management, the disclosures included in these financial statements are adequate to make the information presented not misleading.
	Unless the context requires otherwise, references to “we,” “us,” “our,” and the “Company” are intended to mean consolidated Trecora Resources and its subsidiaries.
	Operating results for the three and nine months ended September 30, 2014, are not necessarily indicative of results for the year ending December 31, 2014.
	We currently operate in one segment and all revenue originates from United States’ sources and all long-lived assets owned are located in the United States.
	The Company owns a 35% interest in Al Masane Al Kobra Mining Company (“AMAK”), a Saudi Arabian closed joint stock company which owns and is developing mining assets in Saudi Arabia.  We account for our investment under the equity method of accounting.   See Note 13.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2014
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	2. RECENT ACCOUNTING PRONOUNCEMENTS
	In May 2014 the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 supersedes the revenue recognition requirements of FASB Accounting Standards Codification ("ASC") Topic 605, Revenue Recognition and most industry-specific guidance throughout the Accounting Standards Codification, resulting in the creation of FASB ASC Topic 606, Revenue from Contracts with Customers. ASU 2014-09 requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. This ASU provides alternative methods of retrospective adoption and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted. The Company is currently assessing the potential impact of adopting this ASU on its consolidated financial statements and related disclosures.
	In June 2014 the FASB issued ASU No. 2014-12, Compensation – Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The new standard requires that a performance target that affects vesting and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, and can be applied either prospectively or retrospectively to all awards outstanding as of the beginning of the earliest annual period presented as an adjustment to opening retained earnings. Early adoption is permitted. The Company is currently assessing the potential impact of adopting this ASU on its consolidated financial statements and related disclosures.

TRADE_RECEIVABLES

TRADE RECEIVABLES	9 Months Ended
	Sep. 30, 2014
TRADE RECEIVABLES [Abstract]	'
TRADE RECEIVABLES	'
	3. TRADE RECEIVABLES
	Trade receivables, net, consisted of the following:
		30-Sep-14			31-Dec-13
		(thousands of dollars)
	Trade receivables	$	27,835		$	22,279
	Less allowance for doubtful accounts		(210	)		(210	)
	Trade receivables, net	$	27,625		$	22,069
	Trade receivables serving as collateral for our line of credit with a domestic bank were $22.1 million and $17.7 million at September 30, 2014, and December 31, 2013, respectively (see Note 7).

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2014
INVENTORIES [Abstract]	'
INVENTORIES	'
	4. INVENTORIES
	Inventories include the following:
		30-Sep-14		31-Dec-13
		(thousands of dollars)
	Raw material	$	3,802	$	2,403
	Petrochemical products		8,154		9,660
	Total inventory	$	11,956	$	12,063
	Inventories are recorded at the lower of cost, determined on the last-in, first-out method (LIFO), or market.  At September 30, 2014, and December 31, 2013, current cost exceeded LIFO value by approximately $1.7 million and $1.5 million, respectively.
	Inventories serving as collateral our line of credit with a domestic bank were $4.3 million and $4.9 million at September 30, 2014, and December 31, 2013, respectively (see Note 7).
	Inventory included products in transit valued at approximately $5.6 million and $4.4 million at September 30, 2014, and December 31, 2013, respectively.

PLANT_PIPELINE_AND_EQUIPMENT

PLANT, PIPELINE AND EQUIPMENT	9 Months Ended
	Sep. 30, 2014
PLANT, PIPELINE AND EQUIPMENT [Abstract]	'
PLANT, PIPELINE AND EQUIPMENT	'
	5. PLANT, PIPELINE AND EQUIPMENT
	Plant, pipeline and equipment consisted of the following:
		30-Sep-14			31-Dec-13
		(thousands of dollars)
	Platinum catalyst	$	1,612		$	1,612
	Land		1,577			1,577
	Plant, pipeline and equipment		74,021			71,115
	Construction in progress		6,467			824
	Total plant, pipeline and equipment		83,677			75,128
	Less accumulated depreciation and amortization		(37,426	)		(33,203	)
	Net plant, pipeline and equipment	$	46,251		$	41,925
	Plant, pipeline, and equipment serve as collateral for a $14.0 million term loan with a domestic bank (see Note 7).
	Construction in progress during the first nine months of 2014 included preparation for the D Train expansion, construction of additional warehousing, installation of additional truck loading stations, and various other improvements facility-wide.
	Amortization relating to the platinum catalyst which is included in cost of sales was $21,067, $9,558, $63,202 and $28,674 for the three and nine months ended September 30, 2014, and 2013, respectively.

NET_INCOME_PER_COMMON_SHARE_AT

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES	9 Months Ended
	Sep. 30, 2014
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES [Abstract]	'
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES	'
	6. NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES
	The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Trecora Resources for the three and nine months ended September 30, 2014, and 2013, respectively.
		Three Months Ended						Three Months Ended
		30-Sep-14						30-Sep-13
						Per Share						Per Share
		Income		Shares		Amount		Income		Shares		Amount
	Basic Net Income per Share:
	Net Income Attributable to Trecora Resources	$	5,774		24,175	$	0.24	$	5,221		24,116	$	0.22
	Dilutive stock options outstanding				705						666
	Diluted Net Income per Share:
	Net Income Attributable to Trecora Resources	$	5,774		24,880	$	0.23	$	5,221		24,782	$	0.21
		Nine Months Ended						Nine Months Ended
		30-Sep-14						30-Sep-13
						Per Share						Per Share
		Income		Shares		Amount		Income		Shares		Amount
	Basic Net Income per Share:
	Net Income Attributable to Trecora Resources	$	13,373		24,163	$	0.55	$	16,315		24,110	$	0.68
	Dilutive stock options outstanding				707						587
	Diluted Net Income per Share:
	Net Income Attributable to Trecora Resources	$	13,373		24,870	$	0.54	$	16,315		24,697	$	0.66
	At September 30, 2014, and 2013, 1,560,540 and 1,233,860 potential common stock shares were issuable upon the exercise of options.  In addition, at September 30, 2014, 100,000 potential common stock shares were issuable upon the exercise of warrants.
	The earnings per share calculations for the periods ended September 30, 2014, and 2013, include 300,000 shares of the Company that are held in the treasury of TOCCO.

LIABILITIES_AND_LONGTERM_DEBT

LIABILITIES AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2014
LIABILITIES AND LONG-TERM DEBT [Abstract]	'
LIABILITIES AND LONG-TERM DEBT	'
	7. LIABILITIES AND LONG-TERM DEBT
	In September 2007 we entered into a $10.0 million term loan agreement with a domestic bank to finance the expansion of the petrochemical facility.  An amendment was entered into in November 2008 which increased the term loan to $14.0 million due to the increased cost of the expansion.  This note is collateralized by plant, pipeline and equipment. The agreement expires October 31, 2018.  At September 30, 2014, there was a short-term amount of $1.4 million and a long-term amount of $4.3 million outstanding. At December 31, 2013, there was a short-term amount of $1.4 million and a long-term amount of $5.4 million outstanding.   The interest rate on the loan varies according to several options.  At September 30, 2014, and December 31, 2013, the rate was 2.25%.  However, as discussed in Note 9, effective August 2008, we entered into a pay-fixed, receive-variable interest rate swap with the lending bank which has the effect of converting the interest rate on $10.0 million of the loan to a fixed rate.  Principal payments of $350,000 are paid quarterly with interest paid monthly.
	In May 2006 we entered into a $12.0 million revolving loan agreement with a domestic bank secured by accounts receivable and inventory.    The loan was originally due to expire on October 31, 2008, but was amended to extend the termination date to June 30, 2018, and ultimately increase the availability of the line to $18.0 million based upon our accounts receivable and inventory.  At September 30, 2014, and December 31, 2013, there was a long-term amount outstanding of $3.5 million and $6.5 million, respectively. The credit agreement contains a sub-limit of $3.0 million available to be used in support of the hedging program.  The interest rate on the loan varies according to several options.  At September 30, 2014, and December 31, 2013, the rate was 2.25%.  The borrowing base is determined by a formula in the loan agreement. If the amount outstanding exceeds the borrowing base, a principal payment is due to reduce the amount outstanding to the calculated borrowing base.  Interest is paid monthly.  Loan covenants that must be maintained quarterly include EBITDA, capital expenditures, dividends payable to parent, and leverage ratio. Interest on the loan is paid monthly and a commitment fee of 0.25% is due quarterly on the unused portion of the loan. At September 30, 2014, approximately $14.5 million was available to be drawn, and the Company was in compliance with all covenants.
	On July 10, 2014, we entered into a credit agreement with a domestic bank for a $25.0 million multiple advance term loan facility to finance the construction of the capital expansion project known as “D-Train” in 2014 through 2015.  D-Train will be located at South Hampton’s (our wholly owned subsidiary) petrochemical facility in Silsbee, Texas and will increase penhex capacity from 6,700 barrels per day to approximately 11,000 barrels per day.  The loan will be secured by a Deed of Trust, Security Agreement and UCC Financing Statement for Fixture Filing, an Assignment of Rights Under Construction Contracts, Permits, Plans and Contracts.  Borrowing availability under the loan began on July 10, 2014 and ends on December 31, 2015.  The loan converts from a multiple advance loan to a “mini-perm” loan once we have fulfilled certain obligations such as certification that construction was completed in a good and workmanlike manner, receipt of applicable permits and releases from governmental authorities, and receipt of releases of liens from the contractor and each subcontractor and supplier; provided that the conversion date may not occur after December 31, 2015.   On the date the loan converts into mini-perm loan, the loan will amortize based on a fifteen year commercial style amortization method and installments of principal and interest shall be due on the first business day of each January, April, July and October until the maturity date when all outstanding principal and interest is due and payable.  The interest rate on the loan varies according to several options.  At September 30, 2014, no amounts were outstanding.
	All of the above loans were replaced with an amended and restated credit agreement on October 1, 2014.  For additional information see Note 16.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	8. FAIR VALUE MEASUREMENTS
	The following items are measured at fair value on a recurring basis subject to disclosure requirements of ASC Topic 820 at September 30, 2014, and December 31, 2013:
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
				Fair Value Measurements Using
		30-Sep-14		Level 1		Level 2		Level 3
		(thousands of dollars)
	Liabilities:
	Interest rate swap	$	381		-	$	381		-
				Fair Value Measurements Using
		31-Dec-13		Level 1		Level 2		Level 3
		(thousands of dollars)
	Liabilities:
	Interest Rate Swap	$	563		-	$	563		-
	Commodity financial instruments		48		48		-		-
	The carrying value of cash and cash equivalents, accounts receivable, notes receivable, taxes receivable, advance to AMAK, accounts payable, accrued interest, accrued liabilities, accrued liabilities in Saudi Arabia and other liabilities approximate the fair value due to the immediate or short-term maturity of these financial instruments. The fair value of variable rate long term debt and notes payable reflect recent market transactions and approximate carrying value.  We used observable inputs that would qualify as Level 2 inputs to make our assessment of the approximate fair value of accounts receivable, notes receivable, taxes receivable, advance to AMAK, accounts payable, accrued interest, accrued liabilities, accrued liabilities in Saudi Arabia, other liabilities and variable rate long term debt and notes payable.  We used observable inputs that would qualify as Level 1 inputs to make our assessment of the approximate fair value of cash and cash equivalents.  The fair value of the derivative instruments are described below.
	Commodity Financial Instruments
	We periodically enter into financial instruments to hedge the cost of natural gasoline (the primary feedstock) and natural gas (used as fuel to operate the plant).
	We assess the fair value of the financial swaps on feedstock using quoted prices in active markets for identical assets or liabilities (Level 1 of fair value hierarchy).  At September 30, 2014, no commodity financial instruments were outstanding.  At December 31, 2013, we had derivative contracts with settlement dates through February 2014.  For additional information see Note 9.
	Interest Rate Swap
	In March 2008 we entered into an interest rate swap agreement with Bank of America related to the $10.0 million term loan secured by plant, pipeline and equipment.  The interest rate swap was designed to minimize the effect of changes in the London InterBank Offered Rate (“LIBOR”) rate.  We have designated the interest rate swap as a cash flow hedge under ASC Topic 815, Derivatives and Hedging.
	We assess the fair value of the interest rate swap using a present value model that includes quoted LIBOR rates and the nonperformance risk of the Company and Bank of America based on the Credit Default Swap Market (Level 2 of fair value hierarchy).
	We have consistently applied valuation techniques in all periods presented and believe we have obtained the most accurate information available for the types of derivative contracts it holds. See discussion of our derivative instruments in Note 9.

DERIVATIVE_INSTRUMENTS

DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
DERIVATIVE INSTRUMENTS [Abstract]	'
DERIVATIVE INSTRUMENTS	'
	9. DERIVATIVE INSTRUMENTS
	Commodity Financial Contracts
	Hydrocarbon based manufacturers, such as the Company, are significantly impacted by changes in feedstock and natural gas prices. Not considering derivative transactions, feedstock and natural gas used for the nine months ended September 30, 2014, and 2013, represented approximately 81.6% and 79.9% of our operating expenses, respectively.
	We endeavor to acquire feedstock and natural gas at the lowest possible cost.  Our primary feedstock (natural gasoline) is traded over the counter and not on organized futures exchanges.  Financially settled instruments (fixed price swaps) are the principal vehicle used to give some predictability to feed prices. We do not purchase or hold any derivative financial instruments for trading or speculative purposes and is limited by our risk management policy to hedging a maximum of 40% of monthly feedstock requirements.
	Typically, financial contracts are not designated as hedges.  As of September 30, 2014, we had no outstanding committed financial contracts.
	The following tables detail (in thousands) the impact the agreements had on the financial statements:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Unrealized gain (loss)	$	-		$	(39	)	$	(48	)	$	(39	)
	Realized loss		-			-			87			-
	Net loss	$	-		$	(39	)	$	39		$	(39	)
		30-Sep-14			31-Dec-13
	Fair value of financial contracts – asset (liability)	$	-		$	48
	The realized and unrealized gains/(losses) are recorded in Cost of Sales and Processing for the periods ended September 30, 2014, and 2013.  As a percentage of Cost of Sales and Processing, realized and unrealized gains/(losses) accounted for 0% for the three and nine months ended September 30, 2014, and 2013.
	Interest Rate Swap
	On March 21, 2008, we entered into a pay-fixed, receive-variable interest rate swap agreement with Bank of America related to $10.0 million of our $14 million term loan secured by plant, pipeline and equipment. The effective date of the interest rate swap agreement is August 15, 2008, and terminates on December 15, 2017.  The notional amount of the interest rate swap was $3.5 million at September 30, 2014.  We receive credit for payments of variable interest made on the term loan’s variable rates, which are based upon the London InterBank Offered Rate (LIBOR), and pay Bank of America an interest rate of 5.83% less the credit on the interest rate swap.  We have designated the transaction as a cash flow hedge.  Beginning on August 15, 2008, the derivative instrument was reported at fair value with any changes in fair value reported within other comprehensive income (loss) in our Statement of Stockholders’ Equity.  We entered into the interest rate swap to minimize the effect of changes in the LIBOR rate.  The following tables detail (in thousands) the impact the agreement had on the financial statements:
		September 30,
		2014			2013
	Other Comprehensive Loss
	Cumulative loss	$	(382	)	$	(625	)
	Deferred tax benefit		134			219
	Net cumulative loss	$	(248	)	$	(406	)
	Interest expense reclassified from other comprehensive loss	$	190		$	231
		30-Sep-14			31-Dec-13
	Fair value of interest rate swap  - liability	$	381		$	563
	The cumulative loss from the changes in the swap contract’s fair value that is included in other comprehensive loss will be reclassified into income when interest is paid. The net amount of pre-tax loss in other comprehensive income (loss) as of September 30, 2014, predicted to be reclassified into earnings within the next 12 months is approximately $198,000. See further discussion of the fair value of the derivative instruments in Note 8.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
STOCK-BASED COMPENSATION [Abstract]	'
STOCK-BASED COMPENSATION	'
	10. STOCK-BASED COMPENSATION
	On February 21, 2014, we awarded 10 year options to various employees for 500,000 shares.  These options have an exercise price equal to the closing price of the stock on February 21, 2014, which was $12.26 and vest in 25% increments over a 4 year period.  Compensation expense recognized during the three months and nine months ended September 30, 2014, was approximately $277,000 and $677,000, respectively.  The fair value of the options granted was calculated using the Black-Scholes option valuation model with the following assumptions:
	Expected volatility	84%
	Expected dividends	None
	Expected term (in years)	6.25
	Risk free interest rate	1.95%
	A summary of the status of our stock option awards and warrants is presented below:
			Number of StockOptions & Warrants			Weighted Average Exercise Price per Share		Weighted
								Average
								Remaining
								Contractual
								Life
	Outstanding at January 1, 2014			1,326,360		$	4.75
	Granted			500,000			12.26
	Exercised			(145,820	)		2.91
	Expired			--			--
	Cancelled			--			--
	Forfeited			(20,000	)	$	2.82
	Outstanding at September 30, 2014			1,660,540		$	7.19		7
	Exercisable at September 30, 2014			576,401		$	4.89		5.7
	The fair value of the options granted below was calculated using the Black Scholes option valuation model with the assumptions as disclosed in prior quarterly and annual filings.
	Directors’ compensation of approximately $80,000 and $94,000 during the three months and $250,000 and $283,000 during the nine months ended September 30, 2014, and 2013, respectively, were recognized related to options to purchase shares vesting through 2017.
	Excluding the options granted in 2014 as disclosed above, employee compensation of approximately $150,000 and $119,000 during the three months and $451,000 and $408,000 during the nine months ended September 30, 2014, and 2013, respectively, was recognized related to options with a 4 year vesting period which were awarded to officers and key employees.  These options vest through 2017.
	Post-retirement compensation of approximately $24,000 was recognized during the three months and $73,000 was recognized during the nine months ended September 30, 2014, and 2013, related to options awarded to Mr. Hatem El Khalidi in July 2009.  On May 9, 2010, the Board of Directors determined that Mr. El Khalidi forfeited these options and other retirement benefits when he made various demands against the Company and other AMAK Saudi shareholders which would benefit him personally and were not in the best interests of the Company and its shareholders.  The Company is litigating its right to withdraw the options and benefits and as such, these options and benefits continue to be shown as outstanding.  See further discussion in Note 15.
	Investor relations expense of approximately $25,000 and $47,000 during the three months and $79,000 and $118,000 during the nine months ended September 30, 2014, and 2013, respectively, was recognized related to warrants issued for the purchase of 100,000 shares of common stock to Genesis Select Corporation (“Genesis”).  These warrants vest through 2017 contingent upon continuous investor relations service under the consulting agreement with Genesis.
	See the Company’s Annual Report on Form 10-K for the year ended December 31, 2013, for additional information.

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2014
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	11. INCOME TAXES
	We file an income tax return in the U.S. federal jurisdiction and a margin tax return in Texas. Tax returns for the years 2010 through 2013 remain open for examination in various tax jurisdictions in which we operate.  As of September 30, 2014, and December 31, 2013, we recognized no material adjustments in connection with uncertain tax positions.

POSTRETIREMENT_OBLIGATIONS

POST-RETIREMENT OBLIGATIONS	9 Months Ended
	Sep. 30, 2014
POST-RETIREMENT OBLIGATIONS [Abstract]	'
POST-RETIREMENT OBLIGATIONS	'
	12. POST-RETIREMENT OBLIGATIONS
	In January 2008 an amended retirement agreement, replacing the February 2007 agreement, was entered into with Mr. El Khalidi. The amended agreement provides $6,000 per month in benefits to Mr. El Khalidi upon his retirement for the remainder of his life. Additionally, upon his death $4,000 per month will be paid to his surviving spouse for the remainder of her life. A health insurance benefit will also be provided.  An additional $382,000 was accrued in January 2008 for the increase in benefits. A liability of approximately $902,000 based upon an annuity single premium value contract plus accrued interest was outstanding at September 30, 2014, and was included in post-retirement benefits.  As of September 30, 2014, no payments have been made pursuant to this agreement.
	In June 2009 the Company’s Board of Directors awarded Mr. El Khalidi a retirement bonus in the amount of $31,500 for 42 years of service. While there is no written policy regarding retirement bonus compensation, the Company has historically awarded all employees (regardless of job position) a retirement bonus equal to $750 for each year of service.  Since Mr. El Khalidi was employed by the Company for 42 years, the Board of Directors voted to award him a $31,500 retirement bonus, consistent with that provided to all other retired employees. This amount remained outstanding at September 30, 2014, and was included in post-retirement benefits.
	On May 9, 2010, the Board of Directors terminated the retirement agreement, options, retirement bonus, and any outstanding directors’ fees due Mr. El Khalidi; however, due to the outstanding litigation discussed in Note 15, all amounts which have not met termination dates remain recorded until a resolution is achieved.

INVESTMENT_IN_AL_MASANE_AL_KOB

INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK")	9 Months Ended
	Sep. 30, 2014
INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK") [Abstract]	'
INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK")	'
	13. INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY (“AMAK”)
	As of September 30, 2014, and December 31, 2013, the Company had a non-controlling equity interest (35%) of approximately $53.4 million and $54.1 million, respectively. This investment is accounted for under the equity method. There were no events or changes in circumstances that may have an adverse effect on the fair value of our investment in AMAK at September 30, 2014.
	AMAK’s financial statements were prepared in the functional currency of AMAK which is the Saudi Riyal (SR).  In June 1986 the SR was officially pegged to the U. S. Dollar (USD) at a fixed exchange rate of 1 USD to 3.75 SR.
	The summarized results of operation and financial position for AMAK are as follows:
	Results of Operations
		Three Months Ended September 30,					Nine Months Ended September 30,
		2014			2013		2014			2013
		(Thousands of Dollars)
	Sales	$	16,957		$	17,815	$	47,655		$	64,310
	Gross Profit		1,785			6,994		6,469			25,028
	General, administrative and other expenses		3,714			4,256		11,285			14,071
	Net Income (loss)	$	(1,929	)	$	2,738	$	(4,816	)	$	10,957
	Financial Position
		September 30,			December 31,
		2014			2013
		(Thousands of Dollars)
	Current assets	$	23,839		$	32,923
	Noncurrent assets		264,318			264,997
	Total assets	$	288,157		$	297,920
	Current liabilities	$	18,353		$	22,497
	Long term liabilities		75,023			75,826
	Shareholders' equity		194,781			199,597
		$	288,157		$	297,920
	The equity in the income or loss of AMAK reflected on the consolidated statement of income for the three and nine months ended September 30, 2014, and 2013, is comprised of the following:
		Three months ended					Nine months ended
		September 30,					September 30,
		2014			2013		2014			2013
		(Thousands of Dollars)
	Company’s share of income (loss) reported by AMAK	$	(680	)	$	965	$	(1,698	)	$	3,991
	Amortization of difference between Company’s investment in AMAK and Company’s share of net assets of AMAK		337			337		1,011			1,010
	Gain from additional equity issuance by AMAK		-			-		-			3,997
	Equity in income (loss) of AMAK	$	(343	)	$	1,302	$	(687	)	$	8,998
	At December 31, 2013, we had an outstanding advance to AMAK of approximately $0.5 million for interim funding on a short term basis.  The entire balance owed was paid in the second quarter of 2014; therefore, at September 30, 2014, there was no amount outstanding.
	See our Annual Report on Form 10-K for the year ended December 31, 2013, for additional information.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2014
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	14. RELATED PARTY TRANSACTIONS
	Ghazi Sultan, a former Company director, was paid $35,000 during both three month periods and $104,000 during both nine month periods ended September 30, 2014, and 2013, respectively for serving as the Company’s Saudi branch representative.
	Consulting fees of approximately $0 and $43,000 were incurred during the three months and $22,000 and $98,000 during the nine months ended September 30, 2014, and 2013, respectively from IHS Global FZ LLC of which Company Director Gary K Adams holds the position of Chief Advisor – Chemicals.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	15. COMMITMENTS AND CONTINGENCIES
	Guarantees –
	South Hampton, in 1977, guaranteed a $160,000 note payable of a limited partnership in which it has a 19% interest. Included in Accrued Liabilities at September 30, 2014, and 2013, is $66,570 related to this guaranty.
	On October 24, 2010, we executed a limited Guarantee in favor of the Saudi Industrial Development Fund (“SIDF”) whereby we agreed to guaranty up to 41% of the SIDF loan to AMAK in the principal amount of 330.0 million Saudi Riyals (US$88.0 million) (the “Loan”). The term of the loan is through June 2019.  As a condition of the Loan, SIDF required all shareholders of AMAK to execute personal or corporate Guarantees; as a result, our guarantee is for approximately 135.33 million Saudi Riyals (US$36.1 million). The loan was necessary to continue construction of the AMAK facilities and provide working capital needs.  We received no consideration in connection with extending the guarantee and did so to maintain and enhance the value of its investment.  The total amount outstanding to the SIDF at September 30, 2014, was 259.8 million Saudi Riyals (US$69.3 million).
	Litigation -
	On May 9, 2010, after numerous attempts to resolve certain issues with Mr. Hatem El Khalidi, the Board of Directors terminated the retirement agreement, options, retirement bonuses, and all outstanding directors’ fees due to Mr. El Khalidi, former CEO, President and Director of the Company. In June 2010 Mr. El Khalidi filed suit against the Company in the labor courts of Saudi Arabia alleging additional compensation owed to him for holidays and overtime.  We believe that the claims are unsubstantiated and continue to vigorously defend the case.  On October 26, 2014, the Company received notice that the labor court rejected all of his claims except for the end of service benefits and awarded him $240,000.  Due to the size of the award the Company is evaluating the cost associated with appealing this decision.
	In March 2011 Mr. El Khalidi filed suit against the Company in Texas alleging breach of contract and other claims.  On July 24, 2013, the 88th Judicial District Court of Hardin County, Texas dismissed all claims and counterclaims for want of prosecution in this matter.  On May 22, 2014, the Ninth Court of Appeals affirmed the dismissal for want of prosecution. On September 19, 2014, the Supreme Court of Texas denied Mr. El Khalidi’s petition for review. On May 1, 2014, Mr. El-Khalidi refiled his lawsuit against the Company for breach of contract and defamation in the 356th Judicial District Court of Hardin County, Texas.  The case was transferred to the 88th Judicial District Court of Hardin County, Texas where it is currently pending.  The Company believes that the claims are unsubstantiated and plans to vigorously defend the case.    Liabilities of approximately $1.1 million remain recorded, and the stock options at issue will continue to accrue in accordance with their own terms until all matters are resolved.
	On September 14, 2010, South Hampton received notice of a lawsuit filed in the 58th Judicial District Court of Jefferson County, Texas which was subsequently transferred to the 11th Judicial District Court of Harris County, Texas.  The suit alleges that the plaintiff became ill from exposure to asbestos.  There are approximately 44 defendants named in the suit.  South Hampton has placed its insurers on notice of the claim and plans to vigorously defend the case.  No accrual has been recorded for the claim.
	Environmental Remediation -
	In 2008 we learned of a claim by the U.S. Bureau of Land Management (“BLM”) against World Hydrocarbons, Inc. for contamination of real property owned by the BLM north of and immediately adjacent to the processing mill situated on property owned by Pioche Ely Valley Mines, Inc. (“PEVM”).  The BLM’s claim alleged that mine tailings from the processing mill containing lead and arsenic migrated onto BLM property during the first half of the twentieth century.  World Hydrocarbons, Inc. responded to the BLM by stating that it does not own the mill and that PEVM is the owner and responsible party.  PEVM subsequently retained an environmental consultant and a local contractor to assist with the cleanup.  In June and July 2013 the contractor excavated and transported tailings from BLM property and other surrounding properties to an impoundment area located on PEVM property.  PEVM completed the cleanup during the first quarter of 2014, and the contractor demobilized from the site. PEVM received a no-further-action letter (NFA) from BLM in July 2014.  The environmental consultant submitted a report to the Nevada Division of Environmental Protection on the entire removal project including a neighbor’s adjoining property, and PEVM received an NFA in October 2013.  We agreed to advance approximately $250,000 to PEVM for payment of the contractor and in return, PEVM will transfer interest in selected patented mining claims of equivalent value to the Company.  An accrual for $350,000 was recorded by PEVM in 2010 and approximately $179,000 was expended.  The remaining accrual of approximately $171,000 was reversed during the quarter; therefore, no amount remained outstanding at September 30, 2014.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
SUBSEQUENT EVENTS [Abstract]	'
SUBSEQUENT EVENTS	'
	16. SUBSEQUENT EVENTS
	On October 1, 2014, we completed the acquisition of 100% of the Class A common stock of SSI Chusei, Inc. (“SSI Chusei”), a Texas corporation and leading manufacturer of specialty polyethylene waxes and custom toll processing services in Pasadena, Texas (the “Acquisition”).  We completed the acquisition for product diversification and to expand our footprint in the industry. SSI Chusei fit much of the criteria that we had established when investigating potential targets in order to grow the Company.The Acquisition was completed pursuant to a Stock Purchase Agreement dated as of September 19, 2014, by and among Trecora, wholly owned subsidiary Texas Oil & Chemical Co. II, Inc. (“TOCCO”), Schumann/Steier Holdings, LLC (“SSH”), a Delaware limited liability company, and SSI Chusei.  The Acquisition was previously announced on Form 8-K filed on September 25, 2014, and was funded by a senior secured financing, which is discussed below.  The proforma financial information required as a result of this acquisition will be filed by amendment within 71 calendar days after the 8-K filed on October 3, 2014.
	The purchase price for the Acquisition consisted of a cash payment of $73,000,000 plus an upward or downward closing working capital adjustment to be determined within 60 days after closing.  In addition, pursuant to the Escrow Agreement, TOCCO deposited $3,000,000 out of the purchase price (the “Escrowed Amount”) at closing (“Closing”), which will be available to fund SSH’s indemnity obligations under the Stock Purchase Agreement.  The Escrowed Amount will be released to SSH (a) six months from the Closing date of an amount of the Escrowed Amount above $2,000,000 that is not subject to a claim, (b) twelve months after the Closing date of an amount of the Escrowed Amount above $1,000,000 that is not subject to a claim, and (c) eighteen months after the Closing date of an amount of the Escrowed Amount that is not subject to a claim (all exclusive of the estimated tax payment to the State of Texas).  The Escrowed Amount does not include amounts withheld to fund the Seller's estimated Texas Franchise Tax.
	On October 1, 2014, we entered into an Amended and Restated Credit Agreement with the lenders which from time to time are parties to the Amended and Restated Credit Agreement (collectively, the “Lenders”) and Bank of America, N.A., a national banking association, as Administrative Agent for the Lenders, and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Lead Arranger.
	Subject to the terms and conditions of the Amended and Restated Credit Agreement, we may (a) borrow, repay and re-borrow revolving loans (collectively, the “Revolving Loans”) from time to time during the period ending September 30, 2019, up to but not exceeding at any one time outstanding $40,000,000 (the “Revolving Loan Commitment”) and (b) request up to $5,000,000 of letters of credit and $5,000,000 of swingline loans.  Each of the issuance of letters of credit and the advance of swingline loans shall be considered usage of the Revolving Loan Commitment.  All outstanding loans under the Revolving Loans must be repaid on October 1, 2019.  As of October 1, 2014, TOCCO borrowed funds under the Revolving Loans aggregating $9,200,000.
	We also borrowed $70,000,000 in a single advance term loan (the “Acquisition Term Loan”) to partially finance the Acquisition.  We also have the right to borrow $25,000,000 in a multiple advance loan (the “Term Loans,” together with the Revolving Loans and Acquisition Term Loan, collectively the “Loans”).  Borrowing availability under the Term Loans ends on December 31, 2015.  The Term Loans convert from a multiple advance loan to a “mini-perm” loan once we have fulfilled certain obligations such as certification that construction of D-Train was completed in a good and workmanlike manner, receipt of applicable permits and releases from governmental authorities, and receipt of releases of liens from the contractor and each subcontractor and supplier.  The Loans also include a $40,000,000 uncommitted increase option (the “Accordion Option”).
	The Loans will accrue interest at the lower of (i) a London interbank offered rate (“Eurodollar Rate”) plus a margin of between 2.00% and 2.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis, or (ii) a base rate (“Base Rate”) equal to the highest of the federal funds rate plus 0.50%, the rate announced by Bank of America, N.A. as its prime rate, and Eurodollar Rate plus 1.0%, plus a margin of between 1.00% to 1.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis.  The Revolving Loans will accrue a commitment fee on the unused portion thereof at a rate between 0.25% and 0.375% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis.  Interest on the Revolving Loans will be payable quarterly, with principal due and payable at maturity.  Interest on the Acquisition Term Loan will be payable quarterly using a ten year commercial style amortization, commencing on December 31, 2014.  The Acquisition Term Loan is also payable as to principal beginning on December 31, 2014, and continuing on the last business day of each March, June, September and December thereafter, each payment in an amount equal to $1,750,000, provided that the final installment on the September 30, 2019, maturity date shall be in an amount equal to the then outstanding unpaid principal balance of the Acquisition Term Loan.  Interest on the Term Loans will be payable quarterly using a fifteen year commercial style amortization, with interest only through December 31, 2015, and principal payments to commence March 31, 2016.  Interest on the Loans will be computed (i) in the case of Base Rate Loans, on the basis of a 365-day or 366-day year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues.
	All amounts owing under the Amended and Restated Credit Agreement, and, if applicable under hedging and banking services arrangements (and all obligations under the guarantees), will be secured in favor of the Lenders by substantially all of the assets of TOCCO and its subsidiaries and guaranteed by its subsidiaries.
	The Amended and Restated Credit Agreement contains, among other things, customary covenants, including restrictions on the incurrence of additional indebtedness, the granting of additional liens, the making of investments, the disposition of assets and other fundamental changes, the transactions with affiliates and the declaration of dividends and other restricted payments.  The Amended and Restated Credit Agreement also includes the following financial covenants, each tested on a quarterly basis for TOCCO and its subsidiaries on a consolidated basis: a maximum total leverage ratio of 3.25 to 1, a minimum fixed charge coverage ratio of 1.25 to 1, and an asset coverage test of greater than 1.1 to 1.

TRADE_RECEIVABLES_Tables

TRADE RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2014
TRADE RECEIVABLES [Abstract]	'
Trade Receivables	'
	Trade receivables, net, consisted of the following:
		30-Sep-14			31-Dec-13
		(thousands of dollars)
	Trade receivables	$	27,835		$	22,279
	Less allowance for doubtful accounts		(210	)		(210	)
	Trade receivables, net	$	27,625		$	22,069

INVENTORIES_Tables

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2014
INVENTORIES [Abstract]	'
Inventories	'
	Inventories include the following:
		30-Sep-14		31-Dec-13
		(thousands of dollars)
	Raw material	$	3,802	$	2,403
	Petrochemical products		8,154		9,660
	Total inventory	$	11,956	$	12,063

PLANT_PIPELINE_AND_EQUIPMENT_T

PLANT, PIPELINE AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2014
PLANT, PIPELINE AND EQUIPMENT [Abstract]	'
Plant, Pipeline and Equipment	'
	Plant, pipeline and equipment consisted of the following:
		30-Sep-14			31-Dec-13
		(thousands of dollars)
	Platinum catalyst	$	1,612		$	1,612
	Land		1,577			1,577
	Plant, pipeline and equipment		74,021			71,115
	Construction in progress		6,467			824
	Total plant, pipeline and equipment		83,677			75,128
	Less accumulated depreciation and amortization		(37,426	)		(33,203	)
	Net plant, pipeline and equipment	$	46,251		$	41,925

NET_INCOME_PER_COMMON_SHARE_AT1

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES (Tables)	9 Months Ended
	Sep. 30, 2014
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES [Abstract]	'
Net Income Per Common Share	'
	The following table (in thousands, except per share amounts) sets forth the computation of basic and diluted net income per share attributable to Trecora Resources for the three and nine months ended September 30, 2014, and 2013, respectively.
		Three Months Ended						Three Months Ended
		30-Sep-14						30-Sep-13
						Per Share						Per Share
		Income		Shares		Amount		Income		Shares		Amount
	Basic Net Income per Share:
	Net Income Attributable to Trecora Resources	$	5,774		24,175	$	0.24	$	5,221		24,116	$	0.22
	Dilutive stock options outstanding				705						666
	Diluted Net Income per Share:
	Net Income Attributable to Trecora Resources	$	5,774		24,880	$	0.23	$	5,221		24,782	$	0.21
		Nine Months Ended						Nine Months Ended
		30-Sep-14						30-Sep-13
						Per Share						Per Share
		Income		Shares		Amount		Income		Shares		Amount
	Basic Net Income per Share:
	Net Income Attributable to Trecora Resources	$	13,373		24,163	$	0.55	$	16,315		24,110	$	0.68
	Dilutive stock options outstanding				707						587
	Diluted Net Income per Share:
	Net Income Attributable to Trecora Resources	$	13,373		24,870	$	0.54	$	16,315		24,697	$	0.66

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
Fair Value of Assets and Liabilities Measured on a Recurring Basis	'
	The following items are measured at fair value on a recurring basis subject to disclosure requirements of ASC Topic 820 at September 30, 2014, and December 31, 2013:
	Assets and Liabilities Measured at Fair Value on a Recurring Basis
				Fair Value Measurements Using
		30-Sep-14		Level 1		Level 2		Level 3
		(thousands of dollars)
	Liabilities:
	Interest rate swap	$	381		-	$	381		-
				Fair Value Measurements Using
		31-Dec-13		Level 1		Level 2		Level 3
		(thousands of dollars)
	Liabilities:
	Interest Rate Swap	$	563		-	$	563		-
	Commodity financial instruments		48		48		-		-

DERIVATIVE_INSTRUMENTS_Tables

DERIVATIVE INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
DERIVATIVE INSTRUMENTS [Abstract]	'
Realized And Unrealized Gains On Derivatives	'
	The following tables detail (in thousands) the impact the agreements had on the financial statements:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Unrealized gain (loss)	$	-		$	(39	)	$	(48	)	$	(39	)
	Realized loss		-			-			87			-
	Net loss	$	-		$	(39	)	$	39		$	(39	)
Fair Value of Derivative Assets	'
		30-Sep-14			31-Dec-13
	Fair value of financial contracts – asset (liability)	$	-		$	48
Impact of Interest Rate Swap on Other Comprehensive Loss	'
	The following tables detail (in thousands) the impact the agreement had on the financial statements:
		September 30,
		2014			2013
	Other Comprehensive Loss
	Cumulative loss	$	(382	)	$	(625	)
	Deferred tax benefit		134			219
	Net cumulative loss	$	(248	)	$	(406	)
	Interest expense reclassified from other comprehensive loss	$	190		$	231
Fair Value of Derivative Liabilities	'
		30-Sep-14			31-Dec-13
	Fair value of interest rate swap  - liability	$	381		$	563

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
STOCK-BASED COMPENSATION [Abstract]	'
Black-Scholes Option Valuation Assumptions	'
	The fair value of the options granted was calculated using the Black-Scholes option valuation model with the following assumptions:
	Expected volatility	84%
	Expected dividends	None
	Expected term (in years)	6.25
	Risk free interest rate	1.95%
Summary Of Status Of Stock Option Awards	'
	A summary of the status of our stock option awards and warrants is presented below:
			Number of StockOptions & Warrants			Weighted Average Exercise Price per Share		Weighted
								Average
								Remaining
								Contractual
								Life
	Outstanding at January 1, 2014			1,326,360		$	4.75
	Granted			500,000			12.26
	Exercised			(145,820	)		2.91
	Expired			--			--
	Cancelled			--			--
	Forfeited			(20,000	)	$	2.82
	Outstanding at September 30, 2014			1,660,540		$	7.19		7
	Exercisable at September 30, 2014			576,401		$	4.89		5.7

INVESTMENT_IN_AL_MASANE_AL_KOB1

INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK") (Tables)	9 Months Ended
	Sep. 30, 2014
INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK") [Abstract]	'
Summarized Results of Operation and Financial Position for AMAK	'
	The summarized results of operation and financial position for AMAK are as follows:
	Results of Operations
		Three Months Ended September 30,					Nine Months Ended September 30,
		2014			2013		2014			2013
		(Thousands of Dollars)
	Sales	$	16,957		$	17,815	$	47,655		$	64,310
	Gross Profit		1,785			6,994		6,469			25,028
	General, administrative and other expenses		3,714			4,256		11,285			14,071
	Net Income (loss)	$	(1,929	)	$	2,738	$	(4,816	)	$	10,957
	Financial Position
		September 30,			December 31,
		2014			2013
		(Thousands of Dollars)
	Current assets	$	23,839		$	32,923
	Noncurrent assets		264,318			264,997
	Total assets	$	288,157		$	297,920
	Current liabilities	$	18,353		$	22,497
	Long term liabilities		75,023			75,826
	Shareholders' equity		194,781			199,597
		$	288,157		$	297,920
Equity in Income or Loss of AMAK Reflected on Consolidated Statement Of Operation	'
	The equity in the income or loss of AMAK reflected on the consolidated statement of income for the three and nine months ended September 30, 2014, and 2013, is comprised of the following:
		Three months ended					Nine months ended
		September 30,					September 30,
		2014			2013		2014			2013
		(Thousands of Dollars)
	Company’s share of income (loss) reported by AMAK	$	(680	)	$	965	$	(1,698	)	$	3,991
	Amortization of difference between Company’s investment in AMAK and Company’s share of net assets of AMAK		337			337		1,011			1,010
	Gain from additional equity issuance by AMAK		-			-		-			3,997
	Equity in income (loss) of AMAK	$	(343	)	$	1,302	$	(687	)	$	8,998

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details)	9 Months Ended
	Sep. 30, 2014
	Segment
BASIS OF PRESENTATION [Abstract]	'
Number of operating segments	1
Interest in Al Masane A1 Kobra (in hundredths)	35.00%

TRADE_RECEIVABLES_Details

TRADE RECEIVABLES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
TRADE RECEIVABLES [Abstract]	'	'
Trade receivables	$27,835,000	$22,279,000
Less allowance for doubtful accounts	-210,000	-210,000
Trade receivables, net	27,625,000	22,069,000
Trade receivables serving as collateral	$22,100,000	$17,700,000

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
INVENTORIES [Abstract]	'	'
Raw material	$3,802,000	$2,403,000
Petrochemical products	8,154,000	9,660,000
Total inventory	11,956,000	12,063,000
Excess of current cost over LIFO value	1,700,000	1,500,000
Collateral Inventory	4,300,000	4,900,000
Products in transit	$5,600,000	$4,400,000

PLANT_PIPELINE_AND_EQUIPMENT_D

PLANT, PIPELINE AND EQUIPMENT (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Mar. 31, 2008
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Total plant, pipeline and equipment	$83,677,000	'	$83,677,000	'	$75,128,000	'
Less accumulated depreciation	-37,426,000	'	-37,426,000	'	-33,203,000	'
Net plant, pipeline and equipment	46,251,000	'	46,251,000	'	41,925,000	'
Term loan secured by plant, pipeline and equipment	14,000,000	'	14,000,000	'	'	10,000,000
Amortization relating to the platinum catalyst	21,067	9,558	63,202	28,674	'	'
Platinum catalyst [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Total plant, pipeline and equipment	1,612,000	'	1,612,000	'	1,612,000	'
Land [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Total plant, pipeline and equipment	1,577,000	'	1,577,000	'	1,577,000	'
Plant, pipeline and equipment [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Total plant, pipeline and equipment	74,021,000	'	74,021,000	'	71,115,000	'
Construction in progress [Member]	'	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'	'
Total plant, pipeline and equipment	$6,467,000	'	$6,467,000	'	$824,000	'

NET_INCOME_PER_COMMON_SHARE_AT2

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO TRECORA RESOURCES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Basic Net Income per Share [Abstract]	'	'	'	'
Net Income Attributable to Trecora Resources	$5,774	$5,221	$13,373	$16,315
Weighted average number of shares outstanding, basic (in shares)	24,175,000	24,116,000	24,163,000	24,110,000
Net Income Attributable to Trecora Resources (dollars)	$0.24	$0.22	$0.55	$0.68
Diluted Net Income per Share [Abstract]	'	'	'	'
Net Income Attributable to Trecora Resources	$5,774	$5,221	$13,373	$16,315
Dilutive stock options outstanding (in shares)	705,000	666,000	707,000	587,000
Weighted average number of shares outstanding, diluted (in shares)	24,880,000	24,782,000	24,870,000	24,697,000
Net Income Attributable to Trecora Resources (dollars)	$0.23	$0.21	$0.54	$0.66
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Number of shares held in treasury by an outside party (in shares)	300,000	300,000	300,000	300,000
Stock Options [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	1,560,540	1,233,860
Warrants [Member]	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	100,000	'

LIABILITIES_AND_LONGTERM_DEBT_

LIABILITIES AND LONG-TERM DEBT (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Oct. 01, 2014	Jul. 10, 2014	Sep. 30, 2014	Dec. 31, 2013	25-May-06	Sep. 30, 2014	Dec. 31, 2013	Nov. 30, 2008	Sep. 30, 2007
			Domestic Bank [Member]	Domestic Bank [Member]	Domestic Bank [Member]	Domestic Bank [Member]	Domestic Bank [Member]	Term loan [Member]	Term loan [Member]	Term loan [Member]	Term loan [Member]
			Revolving Loan [Member]	Revolving Loan [Member]	Revolving Loan [Member]	Revolving Loan [Member]	Revolving Loan [Member]
				bbl
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Face amount	'	'	'	'	'	'	'	'	'	$14,000,000	$10,000,000
Maturity date	'	'	'	'	'	'	'	31-Oct-18	'	'	'
Short-term amount outstanding	1,400,000	1,400,000	'	'	'	'	'	1,400,000	1,400,000	'	'
Long-term amount outstanding	7,789,000	11,839,000	'	'	3,500,000	6,500,000	'	4,300,000	5,400,000	'	'
Interest rate on loan (in hundredths)	'	'	'	'	'	'	'	2.25%	2.25%	'	'
Principal payments	'	'	'	'	'	'	'	350,000	'	'	'
Derivative amount of hedged item	'	'	'	'	'	'	'	'	'	'	10,000,000
Maximum borrowing capacity	'	'	'	25,000,000	18,000,000	'	12,000,000	'	'	'	'
Expiration date	'	'	'	'	30-Jun-18	'	'	'	'	'	'
Credit agreement sub limit available to support hedging program	'	'	'	'	3,000,000	'	'	'	'	'	'
Interest rate (in hundredths)	'	'	'	'	2.25%	2.25%	'	'	'	'	'
Quarterly commitment fee on the unused portion of loan (in hundredths)	'	'	0.25%	'	'	'	'	'	'	'	'
Available remaining borrowing capacity	'	'	'	'	$14,500,000	'	'	'	'	'	'
Current capacity per day (in barrels)	'	'	'	6,700	'	'	'	'	'	'	'
Increase of capacity per day (in barrels)	'	'	'	11,000	'	'	'	'	'	'	'
Commercial style amortization period	'	'	'	'15 years	'	'	'	'	'	'	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Mar. 31, 2008	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013
			Recurring [Member]	Recurring [Member]	Recurring [Member]	Recurring [Member]	Recurring [Member]	Recurring [Member]	Recurring [Member]	Recurring [Member]
					Level 1 [Member]	Level 1 [Member]	Level 2 [Member]	Level 2 [Member]	Level 3 [Member]	Level 3 [Member]
Liabilities [Abstract]	'	'	'	'	'	'	'	'	'	'
Interest rate swap	'	'	$381,000	$563,000	$0	$0	$381,000	$563,000	$0	$0
Commodity financial instruments	'	'	'	48,000	'	48,000	'	'	'	'
Term loan secured by plant, pipeline and equipment	$14,000,000	$10,000,000	'	'	'	'	'	'	'	'

DERIVATIVE_INSTRUMENTS_Details

DERIVATIVE INSTRUMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
DERIVATIVE INSTRUMENTS [Abstract]	'	'	'	'	'
Feedstock and natural gas usage to operating expenses (in hundredths)	'	'	81.60%	79.90%	'
Monthly feedstock requirements hedged, Maximum (in hundredths)	40.00%	'	40.00%	'	'
Derivatives, Fair Value [Line Items]	'	'	'	'	'
Unrealized gain (loss)	'	'	($48,000)	$39,000	'
Fair value of financial contracts - asset (liability)	0	'	0	'	-48,000
Realized and unrealized gains (losses) as a percentage of cost of sales and processing (in hundredths)	0.00%	0.00%	0.00%	0.00%	'
Net cumulative loss	'	'	118,000	174,000	'
Interest expense reclassified from other comprehensive loss	70,000	141,000	169,000	379,000	'
Interest Rate Swaps [Member]	'	'	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'	'	'
Term loan in pay fixed, receive variable interest rate swap	10,000,000	'	10,000,000	'	'
Term loan secured by plant, pipeline and equipment	14,000,000	'	14,000,000	'	'
Notional amount	3,500,000	'	3,500,000	'	'
Derivative, variable interest rate (in hundredths)	5.83%	'	5.83%	'	'
Cumulative loss	'	'	-382,000	-625,000	'
Deferred tax benefit	'	'	134,000	219,000	'
Net cumulative loss	'	'	-248,000	-406,000	'
Fair value of interest rate swap - liability	381,000	'	381,000	'	563,000
Cash flow hedge gain (loss) to be reclassified within twelve months	'	'	198,000	'	'
Interest Rate Swaps [Member] | Qualifying Cash Flow Hedges [Member] | Reclassification [Member]	'	'	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'	'	'
Interest expense reclassified from other comprehensive loss	'	'	190,000	231,000	'
Not Designated as Hedging Instrument [Member] | Commodity Financial Instruments [Member]	'	'	'	'	'
Derivatives, Fair Value [Line Items]	'	'	'	'	'
Unrealized gain (loss)	0	-39,000	-48,000	-39,000	'
Realized loss	0	0	87,000	0	'
Net loss	$0	($39,000)	$39,000	($39,000)	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Feb. 21, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Director [Member]

Director [Member]

Director [Member]

Director [Member]

Mr. Hatem El Khalidi [Member]

Mr. Hatem El Khalidi [Member]

Mr. Hatem El Khalidi [Member]

Mr. Hatem El Khalidi [Member]

Officer and Key Employees [Member]

Officer and Key Employees [Member]

Officer and Key Employees [Member]

Officer and Key Employees [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Fair value of the warrants granted calculated using the Black-Scholes valuation model, Assumptions [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected volatility (in hundredths)

'

'

'

'

'

'

84.00%

'

'

'

'

'

'

'

'

'

'

'

'

Expected dividends

'

'

'

'

'

'

'

[1]

'

'

'

'

'

'

'

'

'

'

'

'

Expected term (in years)

'

'

'

'

'

'

'6 years 3 months

'

'

'

'

'

'

'

'

'

'

'

'

Risk free interest rate (in hundredths)

'

'

'

'

'

'

1.95%

'

'

'

'

'

'

'

'

'

'

'

'

Stock Options and Warrants [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at beginning of period (in shares)

'

'

'

'

'

'

1,326,360

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

'

500,000

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in shares)

'

'

'

'

'

'

-145,820

'

'

'

'

'

'

'

'

'

'

'

'

Expired (in shares)

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in shares)

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Forfeited (in shares)

'

'

'

'

'

'

-20,000

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at end of period (in shares)

'

'

'

'

'

1,660,540

1,660,540

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable, end of period (in shares)

'

'

'

'

'

576,401

576,401

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Exercise Price Per Share [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at beginning of period (in dollars per share)

'

'

'

'

'

'

$4.75

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in dollars per share)

'

'

'

'

'

'

$12.26

'

'

'

'

'

'

'

'

'

'

'

'

Exercised (in dollars per share)

'

'

'

'

'

'

$2.91

'

'

'

'

'

'

'

'

'

'

'

'

Expired (in dollars per share)

'

'

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

Cancelled (in dollars per share)

'

'

'

'

'

'

$0

'

'

'

'

'

'

'

'

'

'

'

'

Forfeited (in dollars per share)

'

'

'

'

'

'

$2.82

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at end of period (in dollars per share)

'

'

'

'

'

$7.19

$7.19

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable, end of period (in dollars per share)

'

'

'

'

'

$4.89

$4.89

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Remaining Contractual Life [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding, weighted average remaining contractual life

'

'

'

'

'

'

'7 years

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable, weighted average remaining contractual life

'

'

'

'

'

'

'5 years 8 months 12 days

'

'

'

'

'

'

'

'

'

'

'

'

Options awarded, term (in years)

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting percentage (in hundredths)

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting period

'

'

'

'

'4 years

'

'4 years

'

'

'

'

'

'

'

'

'

'

'4 years

'

Compensation expense

'

'

1,530,000

882,000

'

277,000

677,000

'

'

'

'

24,000

24,000

73,000

73,000

150,000

119,000

451,000

408,000

Directors fees and expenses related to options to purchase shares

'

'

'

'

'

'

'

80,000

94,000

250,000

283,000

'

'

'

'

'

'

'

'

Common Stock, issued (in shares)

100,000

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investor relations expense

$25,000

$47,000

$79,000

$118,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

None

POSTRETIREMENT_OBLIGATIONS_Det

POST-RETIREMENT OBLIGATIONS (Details) (Postretirement Benefits [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2007
Postretirement Benefits [Member]	'	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'
Monthly post retirement benefit	$6,000	'
Monthly post retirement benefit payable after death to spouse	4,000	'
Additional benefits accrued	'	382,000
Outstanding liability	902,000	'
Retirement bonus outstanding	31,500	'
Number of years service	'42 years	'
Retirement bonus per service year	$750	'

INVESTMENT_IN_AL_MASANE_AL_KOB2

INVESTMENT IN AL MASANE AL KOBRA MINING COMPANY ("AMAK") (Details)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

AMAK [Member]

AMAK [Member]

AMAK [Member]

AMAK [Member]

AMAK [Member]

AMAK [Member]

AMAK [Member]

AMAK [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

SAR

USD ($)

Investment in Al Masane Al Kobra Mining Company Amak [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment in AMAK

'

'

'

'

'

'

'

'

'

'

$53,400,000

'

$54,100,000

Exchange rate

'

'

'

'

'

'

'

'

'

'

'

3.75

'

Outstanding advance to AMAK

0

'

0

'

536,000

'

'

'

'

'

'

'

536,000

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage investment in AMAK (in hundredths)

'

'

'

'

'

35.00%

'

35.00%

'

'

'

'

'

Company's share of income (loss) reported by AMAK

-680,000

965,000

-1,698,000

3,991,000

'

'

'

'

'

'

'

'

'

Amortization of difference between Company's investment in AMAK and Company's share of net assets of AMAK

337,000

337,000

1,011,000

1,010,000

'

'

'

'

'

'

'

'

'

Gain from additional equity issued by AMAK

0

0

0

3,997,000

'

'

'

'

'

'

'

'

'

Equity in income (loss) of AMAK

-343,000

1,302,000

-687,000

8,998,000

'

'

'

'

'

'

'

'

'

Results of Operations [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales

'

'

'

'

'

16,957,000

17,815,000

47,655,000

64,310,000

'

'

'

'

Gross Profit

'

'

'

'

'

1,785,000

6,994,000

6,469,000

25,028,000

'

'

'

'

General, administrative and other expenses

'

'

'

'

'

3,714,000

4,256,000

11,285,000

14,071,000

'

'

'

'

Net Income (loss)

'

'

'

'

'

-1,929,000

2,738,000

-4,816,000

10,957,000

'

'

'

'

Financial Position [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Current assets

'

'

'

'

'

23,839,000

'

23,839,000

'

32,923,000

'

'

'

Noncurrent assets

'

'

'

'

'

264,318,000

'

264,318,000

'

264,997,000

'

'

'

Total assets

'

'

'

'

'

288,157,000

'

288,157,000

'

297,920,000

'

'

'

Current liabilities

'

'

'

'

'

18,353,000

'

18,353,000

'

22,497,000

'

'

'

Long term liabilities

'

'

'

'

'

75,023,000

'

75,023,000

'

75,826,000

'

'

'

Shareholders' equity

'

'

'

'

'

194,781,000

'

194,781,000

'

199,597,000

'

'

'

Total liabilities and Shareholders' equity

'

'

'

'

'

$288,157,000

'

$288,157,000

'

$297,920,000

'

'

'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (Director [Member], USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Director [Member]	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'
Directors fees	$35,000	$35,000	$104,000	$104,000
Consulting fees	$0	$43,000	$22,000	$98,000

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2010

Sep. 30, 2014

Oct. 26, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Oct. 24, 2010

Oct. 24, 2010

USD ($)

USD ($)

Contamination of Real Property [Member]

Contamination of Real Property [Member]

Pending Litigation [Member]

Pending Litigation [Member]

Exposure to Asbestos [Member]

Notes Payable Guarantee [Member]

Notes Payable Guarantee [Member]

Saudi Industrial Development Fund Limited Guarantee [Member]

Saudi Industrial Development Fund Limited Guarantee [Member]

Saudi Industrial Development Fund Limited Guarantee [Member]

Saudi Industrial Development Fund Limited Guarantee [Member]

USD ($)

USD ($)

USD ($)

Subsequent Event [Member]

Threatened Litigation [Member]

USD ($)

USD ($)

USD ($)

SAR

USD ($)

SAR

USD ($)

Defendant

Guarantor Obligations [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Guarantor obligations

'

'

'

'

'

'

'

$160,000

'

'

'

'

'

Limited partnership ownership interest (in hundredths)

'

'

'

'

'

'

'

19.00%

'

'

'

'

'

Accrued liabilities current

3,881,000

3,060,000

'

'

'

'

'

66,570

66,570

'

'

'

'

Loan guarantee, maximum (in hundredths)

'

'

'

'

'

'

'

'

'

'

'

41.00%

41.00%

Principal amount of loan guaranteed

'

'

'

'

'

'

'

'

'

'

'

88,000,000

330,000,000

Amount of maximum exposure

'

'

'

'

'

'

'

'

'

69,300,000

259,800,000

36,100,000

135,330,000

Loss Contingencies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount awarded by court

'

'

'

'

'

240,000

'

'

'

'

'

'

'

Accrual recorded value

'

'

'

'

1,100,000

'

'

'

'

'

'

'

'

Number of defendants

'

'

'

'

'

'

44

'

'

'

'

'

'

Site Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Advance payment to be made to contractor

'

'

250,000

'

'

'

'

'

'

'

'

'

'

Accrual for environmental remediation

'

'

'

350,000

'

'

'

'

'

'

'

'

'

Environmental remediation expended

'

'

179,000

'

'

'

'

'

'

'

'

'

'

Environmental remediation reversed

'

'

$171,000

'

'

'

'

'

'

'

'

'

'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (Subsequent Event [Member], USD $)	0 Months Ended	9 Months Ended
	Oct. 01, 2014	Sep. 30, 2014
SSI Chusei, Inc [Member]	'	'
Subsequent Event [Line Items]	'	'
Purchase price for the acquisition	$73,000,000	'
Working capital adjustment period	'60 days	'
Term Loan [Member]	'	'
Subsequent Event [Line Items]	'	'
Acquisition term loan	70,000,000	'
Amount of multiple advance loan can be borrowed	25,000,000	'
Conversion date of multiple advance loan	'	31-Dec-15
Amount of uncommitted increase option	40,000,000	'
Quarterly installment amount of acquisition term loan	1,750,000	'
Amortization period for principal on acquisition term loan	'10 years	'
Amortization period for interest on loans	'10 years	'
Revolving Loan [Member]	'	'
Subsequent Event [Line Items]	'	'
Maximum revolving loan commitment	40,000,000	'
Borrowed funds under the revolving loans	9,200,000	'
Revolving loan maturity date	'	1-Oct-19
Amortization period for principal on acquisition term loan	'15 years	'
Maximum total leverage ratio	3.25	'
Minimum fixed charge coverage ratio	1.25	'
Asset coverage test, minimum	1.1	'
Letter of Credit [Member]	'	'
Subsequent Event [Line Items]	'	'
Maximum revolving loan commitment	5,000,000	'
Swing Line Loans [Member]	'	'
Subsequent Event [Line Items]	'	'
Maximum revolving loan commitment	5,000,000	'
TOCCO [Member]	'	'
Subsequent Event [Line Items]	'	'
Escrow deposit	3,000,000	'
Interest rate description	'The Loans will accrue interest at the lower of (i) a London interbank offered rate (bEurodollar Rateb) plus a margin of between 2.00% and 2.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis, or (ii) a base rate (bBase Rateb) equal to the highest of the federal funds rate plus 0.50%, the rate announced by Bank of America, N.A. as its prime rate, and Eurodollar Rate plus 1.0%, plus a margin of between 1.00% to 1.50% based on the total leverage ratio of TOCCO and its subsidiaries on a consolidated basis.	'
TOCCO [Member] | LIBOR [Member] | Minimum [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	2.00%	'
TOCCO [Member] | LIBOR [Member] | Maximum [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	2.50%	'
TOCCO [Member] | Federal Fund Rate [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	0.50%	'
TOCCO [Member] | Eurodollar Rate [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	1.00%	'
TOCCO [Member] | Base Rate [Member] | Minimum [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	1.00%	'
TOCCO [Member] | Base Rate [Member] | Maximum [Member]	'	'
Subsequent Event [Line Items]	'	'
Basis spread on variable rate (in hundredths)	1.50%	'
TOCCO [Member] | Revolving Loan [Member] | Minimum [Member]	'	'
Subsequent Event [Line Items]	'	'
Commitment fee (in hundredths)	0.25%	'
TOCCO [Member] | Revolving Loan [Member] | Maximum [Member]	'	'
Subsequent Event [Line Items]	'	'
Commitment fee (in hundredths)	0.38%	'
SSH [Member]	'	'
Subsequent Event [Line Items]	'	'
Escrow deposit first release	2,000,000	'
Escrow deposit second release	$1,000,000	'
Escrow deposit first release period	'6 months	'
Escrow deposit second release period	'12 months	'
Escrow deposit third release period	'18 months	'
Common Class A [Member] | SSI Chusei, Inc [Member]	'	'
Subsequent Event [Line Items]	'	'
Percentage of common Stock acquired (in hundredths)	100.00%	'