BUSINESS SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2013

BUSINESS SEGMENT INFORMATION [Abstract]

BUSINESS SEGMENT INFORMATION

Note 4: BUSINESS SEGMENT INFORMATION

As previously mentioned, we operate in five segments. 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. Intersegment sales are not material and are eliminated in the corporate segment. 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 expense or income tax expense. 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 tables set forth certain financial information by segment:

	Six Months Ended								Three Months Ended
	June 30,								June 30,
	2013				2012				2013			2012
Net sales:
Performance materials		$	244.4			$	256.3		$	127.2		$	131.1
Construction technologies			98.8				112.3			56.0			61.3
Energy services			150.8				116.4			77.7			61.1
Transportation			21.7				22.8			11.5			11.7
Intersegment sales			(16.2	)			(14.9	)		(9.6	)		(7.8	)
Total		$	499.5			$	492.9		$	262.8		$	257.4
Operating profit (loss):
Performance materials		$	34.8			$	44.0		$	18.9		$	22.5
Construction technologies			1.0				7.2			2.8			6.3
Energy services			17.0				12.5			8.8			7.7
Transportation			0.5				0.5			0.3			0.3
Corporate			(12.0	)			(11.7	)		(5.8	)		(5.7	)
Total		$	41.3			$	52.5		$	25.0		$	31.1
	As of Jun 30, 2013				As of Dec. 31, 2012
Assets:
Performance materials		$	441.0			$	454.0
Construction technologies			163.7				157.6
Energy services			250.2				225.8
Transportation			4.1				4.0
Corporate			89.1				69.2
Total		$	948.1			$	910.6

	Six Months Ended					Three Months Ended
	June 30,					June 30,
	2013		2012			2013			2012
Depreciation, depletion and amortization:
Performance materials	$	9.7	$	9.5		$	4.9		$	4.9
Construction technologies		2.7		2.7			1.3			1.3
Energy services		10.1		8.2			5.3			4.2
Transportation		0.1		-			0.1			-
Corporate		1.7		1.4			0.9			0.7
Total	$	24.3	$	21.8		$	12.5		$	11.1
Capital expenditures:
Performance materials	$	10.5	$	10.8		$	6.4		$	4.3
Construction technologies		0.6		6.3			0.4			3.7
Energy services		27.1		13.0			11.0			7.0
Transportation		0.1		-			-			-
Corporate		5.8		2.1			3.7			0.6
Total	$	44.1	$	32.2		$	21.5		$	15.6
Research and development (income) expense:
Performance materials	$	3.6	$	3.6		$	1.8		$	1.9
Construction technologies		1.4		1.2			0.7			0.6
Energy services		1.1		0.4			0.6			0.3
Corporate		-		(0.1	)		(0.1	)		(0.2	)
Total	$	6.1	$	5.1		$	3.0		$	2.6