Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the three months ended March 31, 2023 and 2022 were as follows:

	(Unaudited)
	Composite		Engineered		Corporate &
(In millions)	Materials		Products		Other (a)			Total
Quarter Ended March 31, 2023
Net sales to external customers	$	378.2	$	79.5	$	—		$	457.7
Intersegment sales		19.3		1.0		(20.3	)		—
Total sales	$	397.5	$	80.5	$	(20.3	)	$	457.7
Other operating expense		0.2		-		—			0.2
Operating income (loss)		73.2		12.0		(22.4	)		62.8
Depreciation and amortization		27.2		3.5		—			30.7
Stock-based compensation		3.1		0.8		9.0			12.9
Accrual basis additions to capital expenditures		13.1		3.7		-			16.8
Quarter Ended March 31, 2022
Net sales to external customers	$	313.8	$	76.8	$	—		$	390.6
Intersegment sales		16.5		0.3		(16.8	)		—
Total sales	$	330.3	$	77.1	$	(16.8	)	$	390.6
Other operating expense		0.9		0.1		-			1.0
Operating income (loss)		42.6		10.6		(23.1	)		30.1
Depreciation and amortization		28.6		3.6		—			32.2
Stock-based compensation		2.6		0.7		7.1			10.4
Accrual basis additions to capital expenditures		10.1		1.0		—			11.1

(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, 2022	$	86.9		$	169.1		$	256.0
Amortization expense		(0.5	)		(1.2	)		(1.7	)
Currency translation adjustments		0.9			—			0.9
Balance at March 31, 2023	$	87.3		$	167.9		$	255.2