Disclosure About Segments of an Enterprise and Related Information

3 Months Ended

Mar. 31, 2012

Disclosure About Segments of an Enterprise and Related Information [Abstract]

Disclosure About Segments of an Enterprise and Related Information

8.   Disclosure About Segments of an Enterprise and Related Information

The Company serves its markets and manages its business through four operating segments, each of which has its own manufacturing facilities and administrative and selling functions.

The financial information for all segments is presented below (in thousands):

	Three Months Ended March 31,
	2012			2011
Revenue from External Customers
Advanced Ceramic Operations	$	48,705		$	76,630
ESK Ceramics		42,408			40,123
Thermo Materials		14,866			31,111
Boron		7,203			7,940
Inter-segment elimination		(6,873	)		(5,702	)
Total	$	106,309		$	150,102
Depreciation and Amortization
Advanced Ceramic Operations	$	2,293		$	2,871
ESK Ceramics		2,975			3,139
Thermo Materials		2,020			1,686
Boron		1,855			2,053
Total	$	9,143		$	9,749

Segment Income (Loss) from Operations and Income before Provision for Income Taxes
Advanced Ceramic Operations	$	3,395		$	17,014
ESK Ceramics		7,177			7,805
Thermo Materials		(1,783	)		10,854
Boron		(876	)		-
Inter-segment elimination		(582	)		(72	)
Total segment income from operations	$	7,331		$	35,601
Other expense		(1,335	)		(737	)
Total Income before Provision for Income Taxes	$	5,996		$	34,864
Segment Assets
Advanced Ceramic Operations	$	489,861		$	453,886
ESK Ceramics		172,755			185,070
Thermo Materials		171,672			161,065
Boron		122,264			126,509
Total	$	956,552		$	926,530
Expenditures for Property, Plant & Equipment
Advanced Ceramic Operations	$	1,823		$	1,400
ESK Ceramics		2,183			678
Thermo Materials		559			4,949
Boron		1,359			650
Total	$	5,924		$	7,677
Percentage of U.S. net sales from external customers
Advanced Ceramic Operations		38	%		43	%
ESK Ceramics		5	%		6	%
Thermo Materials		9	%		4	%
Boron		5	%		4	%
Total percentage of U.S. net sales from external customers		57	%		57	%
Percentage of foreign net sales from external customers
Advanced Ceramic Operations		7	%		6	%
ESK Ceramics		29	%		20	%
Thermo Materials		5	%		16	%
Boron		2	%		1	%
Total percentage of foreign net sales from external customers		43	%		43	%
Percentage of total net sales from external customers
Advanced Ceramic Operations		45	%		49	%
ESK Ceramics		34	%		26	%
Thermo Materials		14	%		20	%
Boron		7	%		5	%
Total percentage of total net sales from external customers		100	%		100	%

Foreign sales are determined by the country to which the shipment is delivered.

The following is revenue by market application for the Advanced Ceramic Operations segment (in thousands):

	Three Months Ended March 31,
	2012		2011
Defense	$	29,386	$	56,427
Industrial		9,273		7,204
Energy		4,320		8,423
Automotive/Diesel		1,828		2,502
Commercial		3,898		2,074
	$	48,705	$	76,630