Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the quarters and nine months ended September 30, 2021 and 2020 were as follows:

	(Unaudited)
	Composite			Engineered			Corporate &
(In millions)	Materials			Products			Other (a)			Total
Third Quarter 2021
Net sales to external customers	$	254.1		$	79.7		$	—		$	333.8
Intersegment sales		15.0			0.4			(15.4	)		—
Total sales	$	269.1		$	80.1		$	(15.4	)	$	333.8
Other operating expense		0.8			-			-			0.8
Operating income (loss)		30.0			6.5			(13.7	)		22.8
Depreciation and amortization		30.1			3.6			-			33.7
Stock-based compensation		0.7			0.1			2.1			2.9
Accrual basis additions to capital expenditures		3.7			2.8			—			6.5
Third Quarter 2020
Net sales to external customers	$	215.7		$	71.2		$	—		$	286.9
Intersegment sales		7.8			0.7			(8.5	)		—
Total sales	$	223.5		$	71.9		$	(8.5	)	$	286.9
Other operating expense		16.4			—			(0.6	)		15.8
Operating (loss) income		(36.6	)		(2.7	)		1.7			(37.6	)
Depreciation and amortization		31.7			3.9			—			35.6
Stock-based compensation		1.5			0.5			(1.7	)		0.3
Accrual basis additions to capital expenditures		4.7			1.3			—			6.0
Nine Months Ended September 30, 2021
Net sales to external customers	$	732.2		$	232.2		$	—		$	964.4
Intersegment sales		42.8			1.8			(44.6	)		—
Total sales	$	775.0		$	234.0		$	(44.6	)	$	964.4
Other operating expense		16.3			(0.5	)		0.2			16.0
Operating income (loss)		61.9			17.1			(50.2	)		28.8
Depreciation and amortization		91.4			10.9			0.1			102.4
Stock-based compensation		2.1			0.4			13.7			16.2
Accrual basis additions to capital expenditures		10.7			3.6			—			14.3
Nine Months Ended September 30, 2020
Net sales to external customers	$	960.4		$	246.2		$	—		$	1,206.6
Intersegment sales		48.0			1.6			(49.6	)		—
Total sales	$	1,008.4		$	247.8		$	(49.6	)	$	1,206.6
Other operating expense		25.5			2.7			15.4			43.6
Operating income (loss)		75.0			3.3			(43.8	)		34.5
Depreciation and amortization		94.3			11.6			0.1			106.0
Stock-based compensation		5.9			1.6			5.5			13.0
Accrual basis additions to capital expenditures		35.4			4.0			—			39.4

(a)We do not allocate corporate expenses to the operating segments.

Schedule of Goodwill and Intangible Assets by Segment

Goodwill and Intangible Assets	Composite			Engineered
(In millions)	Materials			Products			Total
Balance at December 31, 2020	$	98.7		$	179.1		$	277.8
Amortization expense		(1.5	)		(3.8	)		(5.3	)
Currency translation adjustments		(2.7	)		0.1			(2.6	)
Balance at September 30, 2021	$	94.5		$	175.4		$	269.9