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Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the quarters ended March 31, 2017 and 2016 is as follows:

 

 

 

(Unaudited)

 

 

 

Composite

 

 

Engineered

 

 

Corporate &

 

 

 

 

 

(In millions

 

Materials

 

 

Products

 

 

Other (a)

 

 

Total

 

First Quarter 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

 

$

387.5

 

 

$

91.3

 

 

$

 

 

$

478.8

 

Intersegment sales

 

 

17.1

 

 

$

 

 

 

(17.1

)

 

 

 

Total sales

 

 

404.6

 

 

 

91.3

 

 

 

(17.1

)

 

 

478.8

 

Operating income

 

 

81.9

 

 

 

13.0

 

 

 

(16.3

)

 

 

78.6

 

Depreciation and amortization

 

 

22.5

 

 

 

1.8

 

 

 

0.1

 

 

 

24.4

 

Stock-based compensation

 

 

3.4

 

 

 

0.7

 

 

 

6.8

 

 

 

10.9

 

Accrual basis additions to capital expenditures

 

 

86.6

 

 

 

6.3

 

 

 

 

 

 

92.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarter 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

 

$

395.8

 

 

$

101.9

 

 

$

 

 

$

497.7

 

Intersegment sales

 

 

18.1

 

 

 

 

 

 

(18.1

)

 

 

 

Total sales

 

 

413.9

 

 

 

101.9

 

 

 

(18.1

)

 

 

497.7

 

Operating income

 

 

90.8

 

 

 

12.3

 

 

 

(19.2

)

 

 

83.9

 

Depreciation and amortization

 

 

20.4

 

 

 

1.8

 

 

 

 

 

 

22.2

 

Stock-based compensation

 

 

3.1

 

 

 

0.6

 

 

 

6.8

 

 

 

10.5

 

Accrual basis additions to capital expenditures

 

 

70.0

 

 

 

3.3

 

 

 

 

 

 

73.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

We do not allocate Corporate expenses to the operating segments

Schedule of Goodwill and Intangible Assets by Segment

The carrying amount of gross goodwill and intangible assets by segment is as follows:

 

(In millions)

 

March 31,
2017

 

 

December 31,
2016

 

Composite Materials

 

$

56.5

 

 

$

56.1

 

Engineered Products

 

 

16.1

 

 

 

16.1

 

Goodwill and intangible assets

 

$

72.6

 

 

$

72.2