Segment, Geographic, and Market Information

12 Months Ended

Dec. 31, 2012

Segment, Geographic, and Market Information [Abstract]

Segment, Geographic, and Market Information

(2)          Segment, Geographic, and Market Information

We determine our operating segments based on the discrete financial information that is regularly evaluated by our chief operating decision maker, our President and Chief Executive Officer, in deciding how to allocate resources and in assessing performance. Our reportable measure of profit or loss for each segment is operating profit, which is defined as net sales less cost of sales and selling, general and administrative expenses related to a segment's operations. The costs deducted to arrive at operating profit do not include several items, such as net interest or income tax expense.

Our five segments are as follows:

· Performance materials - mines, processes and distributes minerals and products for use in various industrial and consumer markets, including metalcasting, pet care, laundry care, and drilling industries;

· Construction technologies - provides services relating to and processes and distributes clay-based and other products for use as a moisture barrier in commercial construction, landfill liners and in a variety of other industrial and commercial applications;

· Energy services - provides a variety of services and equipment rentals for both onshore and offshore applications to customers in the oil and natural gas industry;

· Transportation - includes a long-haul trucking business and a freight brokerage business that provides services domestically to our subsidiaries as well as third-party customers; and

· Corporate – intersegment sales are not material and are eliminated in our corporate segment. These are most notably sales between our transportation segment and our performance materials and construction technologies segments as well as sales between our performance materials segment to our construction technologies and energy services segments. Corporate segment also includes expenses associated with certain research and development, management, benefits and information technology activities.

Segment assets are those assets used within each segment. Corporate assets include assets used in the operation of this segment as well as those used by or shared amongst our segments, including certain cash and cash equivalents, fixed assets, assets associated with certain employee benefit plans, and other miscellaneous assets.

The following table sets forth certain financial information as of and for the years ended December 31, 2012, 2011 and 2010:

	2012			2011			2010
Net sales:
Performance materials	$	491.9		$	476.7		$	416.5
Construction technologies		223.1			251.9			225.5
Energy services		257.3			194.7			153.6
Transportation		44.0			54.1			52.2
Intersegment sales		(30.7	)		(33.6	)		(21.5	)
Total		985.6			943.8			826.3
Operating profit (loss):
Performance materials	$	76.3		$	67.1		$	53.5
Construction technologies		15.6			17.3			20.4
Energy services		28.7			21.3			13.7
Transportation		0.8			2.2			2.4
Corporate		(23.3	)		(21.8	)		(21.0	)
Total		98.1			86.1			69.0
Assets:
Performance materials	$	454.0		$	430.8		$	410.4
Construction technologies		157.6			159.4			161.0
Energy services		225.8			194.7			172.5
Transportation		4.0			3.9			4.0
Corporate		69.2			60.3			59.4
Total		910.6			849.1			807.3
Depreciation, depletion and amortization:
Performance materials	$	19.6		$	20.6		$	17.2
Construction technologies		5.5			5.4			5.4
Energy services		17.1			13.3			11.9
Transportation		0.1			0.1			-
Corporate		3.0			2.7			1.8
Total		45.3			42.1			36.3
Capital expenditures:
Performance materials	$	29.4		$	27.3		$	29.7
Construction technologies		8.3			8.3			2.6
Energy services		31.5			23.1			13.2
Transportation		0.1			0.2			0.1
Corporate		5.2			2.1			1.7
Total		74.5			61.0			47.3
Research and development expenses:
Performance materials	$	7.2		$	6.5		$	5.9
Construction technologies		2.3			2.3			2.3
Energy services		0.9			0.2			0.7
Corporate		-			0.1			0.3
Total		10.4			9.1			9.2

The following table sets forth certain geographic financial information as of and for the three years ending December 31st. EMEA includes the European, Middle East and African geographic regions. Geographic sales and operating profit are determined based on origin of the sale as opposed to destination of the sale. Inter-regional sales and operating profit are eliminated in Americas.

	2012		2011		2010
Sales to unaffiliated customers shipped from:
Americas	$	630.7	$	590.0	$	516.9
EMEA		191.6		220.1		185.6
Asia Pacific		163.3		133.7		123.8
Total		985.6		943.8		826.3
Operating profit from sales from:
Americas	$	65.5	$	57.5	$	45.8
EMEA		10.4		10.3		5.6
Asia Pacific		22.2		18.3		17.6
Total		98.1		86.1		69.0
Accounts receivable in:
Americas	$	109.9	$	112.3	$	106.0
EMEA		45.3		51.9		46.5
Asia Pacific		47.5		40.2		37.3
Total		202.7		204.4		189.8
Property, plant, equipment, and mineral rights and reserves in:
Americas	$	134.8	$	116.0	$	107.7
EMEA		112.3		108.7		114.3
Asia Pacific		54.8		48.8		49.7
Total		301.9		273.5		271.7
Identifiable assets in:
Americas	$	448.3	$	420.4	$	428.7
EMEA		303.3		289.4		265.5
Asia Pacific		159.0		139.3		113.1
Total		910.6		849.1		807.3

Net sales by product line for each fiscal year are as follows:

	2012		2011		2010
Metalcasting	$	265.5	$	247.3	$	196.7
Oilfield services		257.3		194.7		153.6
Specialty materials		106.6		116.8		112.7
Lining technologies		90.5		104.4		111.0
Building materials		78.5		80.7		58.7
Pet products		52.9		56.1		62.0
Basic minerals		55.2		48.2		43.8
Contracting services		18.8		36.0		31.0
Drilling products		38.2		31.4		26.1
Transportation		22.1		28.2		30.7
Total		985.6		943.8		826.3