Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

Our reporting structure is comprised of the following operating segments: Printed Circuit Materials (PCM), High Performance Foams (HPF), Power Electronics Solutions (PES) and the Other segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally.

We completed the acquisition of Arlon on January 22, 2015. As part of the integration process, Arlon operations related to circuit materials and silicones are included in our PCM and HPF segments, respectively. The Other segment includes the Arlon business that manufactures specialty polyimide and epoxy-based laminates and bonding materials.

As a result of the acquisition, we significantly increased our asset holdings. The following table sets forth the total assets allocated to each segment:

(Dollars in thousands)
	March 31, 2015
Assets
Printed Circuit Materials	$	332,712
High Performance Foams	280,585
Power Electronics Solutions	330,631
Other	41,134
Total Assets	$	985,062

The following table sets forth the information about our segments for the periods indicated:

(Dollars in thousands)	Quarter Ended
	March 31, 2015			March 31, 2014
Net sales
Printed Circuit Materials	$	71,287		$	58,536
High Performance Foams	44,556			41,204
Power Electronics Solutions	38,529			40,798
Other	10,679			6,102
Net sales	$	165,051		$	146,640
Operating income (loss)
Printed Circuit Materials	$	12,838		$	11,960
High Performance Foams	3,015			5,729
Power Electronics Solutions	2,368			1,565
Other	1,879			2,203
Operating income (loss)	20,100			21,457
Equity income in unconsolidated joint ventures	919			977
Other income (expense), net	(129		)	(1,191		)
Interest income (expense), net	(1,006		)	(748		)
Income (loss) before income tax expense (benefit)	$	19,884		$	20,495

Inter-segment sales have been eliminated from the sales data in the preceding table.