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Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Schedule of Operating Segment Reporting Information

Financial information for our operating segments for the quarters ended March 31, 2018 and 2017 were as follows:

 

 

 

(Unaudited)

 

 

 

Composite

 

 

Engineered

 

 

Corporate &

 

 

 

 

 

(In millions)

 

Materials

 

 

Products

 

 

Other (a)

 

 

Total

 

First Quarter 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

 

$

444.6

 

 

$

95.5

 

 

$

 

 

$

540.1

 

Intersegment sales

 

 

19.2

 

 

 

 

 

 

(19.2

)

 

 

 

Total sales

 

$

463.8

 

 

$

95.5

 

 

$

(19.2

)

 

$

540.1

 

Operating income

 

 

91.0

 

 

 

9.9

 

 

 

(18.5

)

 

 

82.4

 

Depreciation and amortization

 

 

27.5

 

 

 

2.3

 

 

 

 

 

 

29.8

 

Stock-based compensation

 

 

3.6

 

 

 

0.7

 

 

 

5.6

 

 

 

9.9

 

Accrual basis additions to capital expenditures

 

 

45.3

 

 

 

 

 

 

 

 

 

45.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

(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:

 

 

 

March 31,

 

 

December 31,

 

(In millions)

 

2018

 

 

2017

 

Composite Materials

 

$

105.4

 

 

$

103.7

 

Engineered Products

 

44.8

 

 

 

45.0

 

Goodwill and intangible assets

 

$

150.2

 

 

$

148.7