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Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Information  
Schedule of segment reporting information

 

(In millions)

 

Composite
Materials(b)

 

Engineered
Products

 

Corporate
& Other(a)

 

Total

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2012

 

 

 

 

 

 

 

 

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

Commercial aerospace

 

$

179.5

 

$

62.8

 

$

 

$

242.3

 

Space and defense

 

63.9

 

21.0

 

 

84.9

 

Industrial

 

72.8

 

0.1

 

 

72.9

 

Net sales to external customers

 

316.2

 

83.9

 

 

400.1

 

Intersegment sales

 

15.9

 

0.1

 

(16.0

)

 

Total sales

 

332.1

 

84.0

 

(16.0

)

400.1

 

 

 

 

 

 

 

 

 

 

 

Operating income (a)

 

65.8

 

11.8

 

(17.0

)

60.6

 

Depreciation and amortization

 

12.9

 

1.1

 

 

14.0

 

Stock-based compensation expense

 

2.1

 

0.4

 

5.0

 

7.5

 

Accrual basis additions to capital expenditures

 

43.6

 

1.1

 

 

44.7

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2011

 

 

 

 

 

 

 

 

 

Net sales to external customers:

 

 

 

 

 

 

 

 

 

Commercial aerospace

 

$

143.2

 

$

54.4

 

$

 

$

197.6

 

Space and defense

 

59.9

 

19.8

 

 

79.7

 

Industrial

 

53.2

 

1.1

 

 

54.3

 

Net sales to external customers

 

256.3

 

75.3

 

 

331.6

 

Intersegment sales

 

13.9

 

0.3

 

(14.2

)

 

Total sales

 

270.2

 

75.6

 

(14.2

)

331.6

 

 

 

 

 

 

 

 

 

 

 

Operating income (a)

 

49.8

 

12.5

 

(15.1

)

47.2

 

Depreciation and amortization

 

12.9

 

1.1

 

0.1

 

14.1

 

Stock-based compensation expense

 

1.6

 

0.3

 

4.5

 

6.4

 

Other operating (income) expense

 

(5.7

)

 

 

(5.7

)

Accrual basis additions to capital expenditures

 

24.3

 

0.9

 

 

25.2

 

 

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

(b)         First quarter 2011 operating income for Composite Materials includes a $5.7 million gain resulting from the curtailment of our U.K. pension plan.

 

Schedule of goodwill and intangible assets by segment

 

(In millions)

 

March 31,
2012

 

December 31,
2011

 

Composite Materials

 

$

41.7

 

$

41.4

 

Engineered Products

 

16.0

 

16.0

 

Goodwill and intangible assets

 

$

57.7

 

$

57.4