Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the quarters and six months ended June 30, 2022 and 2021 were as follows:

	(Unaudited)
	Composite		Engineered			Corporate &
(In millions)	Materials		Products			Other (a)			Total
Quarter Ended June 30, 2022
Net sales to external customers	$	318.1	$	74.9		$	—		$	393.0
Intersegment sales		18.5		1.0			(19.5	)		—
Total sales	$	336.6	$	75.9		$	(19.5	)	$	393.0
Other operating (income) expense		0.3		-			(19.4	)		(19.1	)
Operating income		47.2		9.1			7.5			63.8
Depreciation and amortization		28.1		3.5			0.1			31.7
Stock-based compensation		0.9		0.3			1.2			2.4
Accrual basis additions to capital expenditures		14.5		2.7			—			17.2
Quarter Ended June 30, 2021
Net sales to external customers	$	240.9	$	79.4		$	—		$	320.3
Intersegment sales		14.6		0.8			(15.4	)		—
Total sales	$	255.5	$	80.2		$	(15.4	)	$	320.3
Other operating (income) expense		2.8		0.2			0.1			3.1
Operating income		24.5		5.9			(14.2	)		16.2
Depreciation and amortization		30.5		3.6			0.1			34.2
Stock-based compensation		0.8		0.1			3.4			4.3
Accrual basis additions to capital expenditures		3.4		0.4			—			3.8
Six Months Ended June 30, 2022
Net sales to external customers	$	631.9	$	151.7		$	—		$	783.6
Intersegment sales		35.0		1.3			(36.3	)		—
Total sales	$	666.9	$	153.0		$	(36.3	)	$	783.6
Other operating (income) expense		1.2		0.1			(19.4	)		(18.1	)
Operating income		89.8		19.7			(15.6	)		93.9
Depreciation and amortization		56.7		7.1			0.1			63.9
Stock-based compensation		3.5		1.0			8.3			12.8
Accrual basis additions to capital expenditures		24.6		3.7			—			28.3
Six Months Ended June 30, 2021
Net sales to external customers	$	478.1	$	152.5		$	—		$	630.6
Intersegment sales		27.8		1.4			(29.2	)		—
Total sales	$	505.9	$	153.9		$	(29.2	)	$	630.6
Other operating (income) expense		15.5		(0.5	)		0.2			15.2
Operating income		31.9		10.6			(36.5	)		6.0
Depreciation and amortization		61.3		7.3			0.1			68.7
Stock-based compensation		1.4		0.3			11.6			13.3
Accrual basis additions to capital expenditures		7.0		0.8			—			7.8

Schedule of Goodwill and Intangible Assets by Segment

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

Goodwill and Intangible Assets	Composite			Engineered
(In millions)	Materials			Products			Total
Balance at December 31, 2021	$	93.4		$	174.1		$	267.5
Amortization expense		(0.5	)		(1.3	)		(1.8	)
Currency translation adjustments		(5.7	)		(1.2	)		(6.9	)
Balance at June 30, 2022	$	87.2		$	171.6		$	258.8