Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Information

Schedule of segment reporting information

	(Unaudited)
(In millions)	Composite Materials (b)			Engineered Products		Corporate & Other (a)			Total
Second Quarter 2012
Net sales to external customers:
Commercial aerospace	$	172.4		$	61.1	$	—		$	233.5
Space and defense	67.2			20.9		—			88.1
Industrial	77.1			0.5		—			77.6
Net sales to external customers	316.7			82.5		—			399.2
Intersegment sales	14.9			0.2		(15.1		)	—
Total sales	331.6			82.7		(15.1		)	399.2
Operating income (a)	80.9			11.7		(18.7		)	73.9
Depreciation and amortization	13.3			1.0		—			14.3
Stock-based compensation expense	0.9			0.1		2.0			3.0
Other operating (income) expense	(14.5		)	—		5.0			(9.5		)
Accrual basis additions to capital expenditures	67.0			2.6		0.2			69.8
Second Quarter 2011
Net sales to external customers:
Commercial aerospace	$	150.9		$	56.9	$	—		$	207.8
Space and defense	62.5			19.2		—			81.7
Industrial	63.4			0.8		—			64.2
Net sales to external customers	276.8			76.9		—			353.7
Intersegment sales	13.9			0.2		(14.1		)	—
Total sales	290.7			77.1		(14.1		)	353.7
Operating income (a)	48.5			11.9		(11.0		)	49.4
Depreciation and amortization	12.8			1.0		—			13.8
Stock-based compensation expense	0.9			0.1		1.4			2.4
Accrual basis additions to capital expenditures	28.4			1.5		—			29.9
Six Months Ended June 30, 2012
Net sales to external customers
Commercial aerospace	$	351.9		$	123.9	$	—		$	475.8
Space and defense	131.1			41.9		—			173.0
Industrial	149.9			0.6		—			150.5
Net sales to external customers	632.9			166.4		—			799.3
Intersegment sales	30.8			0.3		(31.1		)	—
Total sales	663.7			166.7		(31.1		)	799.3
Operating income (a)	146.7			23.5		(35.7		)	134.5
Depreciation and amortization	26.2			2.1		—			28.3
Stock-based compensation expense	3.0			0.5		7.0			10.5
Other operating (income) expense	(14.5		)	—		5.0			(9.5		)
Accrual basis additions to capital expenditures	110.6			3.7		0.2			114.5
Six Months Ended June 30, 2011
Net sales to external customers
Commercial aerospace	$	294.1		$	111.3	$	—		$	405.4
Space and defense	122.4			39.0		—			161.4
Industrial	116.6			1.9		—			118.5
Net sales to external customers	533.1			152.2		—			685.3
Intersegment sales	27.8			0.5		(28.3		)	—
Total sales	560.9			152.7		(28.3		)	685.3
Operating income (a)	98.3			24.4		(26.1		)	96.6
Depreciation and amortization	25.7			2.1		0.1			27.9
Stock-based compensation expense	2.5			0.4		5.9			8.8
Other operating (income) expense	(5.7		)	—		—			(5.7		)
Accrual basis additions to capital expenditures	52.7			2.4		—			55.1

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

(b)In the quarter and six months ended June 30, 2012, operating income for Composite Materials includes $9.6 million of insurance proceeds from a 2011 business interruption claim and a $4.9 million gain on the sale of land from a previously closed manufacturing facility. Corporate and other includes a $5.0 million charge during the current quarter for additional environmental reserves primarily for remediation of a manufacturing facility sold in 1986. First six months 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)	June 30, 2012		December 31, 2011
Composite Materials	$	41.4	$	41.4
Engineered Products	16.0		16.0
Goodwill and intangible assets	$	57.4	$	57.4