Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information

Schedule of segment reporting information

	(Unaudited)
(In millions)	Composite Materials (b)			Engineered Products		Corporate & Other (a)			Total
Second Quarter 2013
Net sales to external customers:
Commercial aerospace	$	200.7		$	69.3	$	—		$	270.0
Space and defense	70.3			26.4		—			96.7
Industrial	53.7			2.2		—			55.9
Net sales to external customers	324.7			97.9		—			422.6
Intersegment sales	18.0			0.5		(18.5		)	—
Total sales	342.7			98.4		(18.5		)	422.6
Operating income (a)	71.2			15.1		(14.4		)	71.9
Depreciation and amortization	12.6			1.1		0.1			13.8
Stock-based compensation expense	1.3			0.2		1.8			3.3
Accrual basis additions to capital expenditures	38.0			2.7		—			40.7
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), (b)	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 (b)	(14.5		)	—		5.0			(9.5		)
Accrual basis additions to capital expenditures	67.0			2.6		0.2			69.8
Six Months Ended June 30, 2013
Net sales to external customers
Commercial aerospace	$	402.4		$	136.5	$	—		$	538.9
Space and defense	143.1			49.6		—			192.7
Industrial	104.0			3.5		—			107.5
Net sales to external customers	649.5			189.6		—			839.1
Intersegment sales	34.7			1.1		(35.8		)	—
Total sales	684.2			190.7		(35.8		)	839.1
Operating income (a)	139.1			28.5		(32.7		)	134.9
Depreciation and amortization	25.7			2.3		0.1			28.1
Stock-based compensation expense	3.3			0.7		8.0			12.0
Accrual basis additions to capital expenditures	76.4			5.7		—			82.1
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), (b)	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 (b)	(14.5		)	—		5.0			(9.5		)
Accrual basis additions to capital expenditures	110.6			3.7		0.2			114.5

(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. In addition, Corporate and other includes a $5.0 million charge for additional environmental reserves primarily for remediation of a manufacturing facility sold in 1986 (see note 10).

Schedule of goodwill and intangible assets by segment

(In millions)	June 30, 2013		December 31, 2012
Composite Materials	$	41.4	$	41.7
Engineered Products	16.0		16.1
Goodwill and intangible assets	$	57.4	$	57.8