Segment and Related Information

6 Months Ended

Jul. 01, 2018

Note 16.

Segment and Related Information

On a regular basis, the Company reviews its segments and the approach used by the chief operating decision maker to assess performance and allocate resources. The Company has four reportable segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. See Note 1 to the Condensed Consolidated Financial Statements. Segment information for the three and six-month periods ended July 1, 2018 and July 2, 2017 is as follows:

	Three Months Ended				Six Months Ended
	July 1, 2018		July 2, 2017		July 1, 2018		July 2, 2017
	(millions of dollars)
Net Sales
Performance Materials	$	214.5	$	180.3	$	401.8	$	350.2
Specialty Minerals		150.9		147.0		300.5		293.2
Refractories		79.6		68.9		154.9		139.1
Energy Services		19.7		17.9		38.8		36.6
Total	$	464.7	$	414.1	$	896.0	$	819.1

Income from Operations
Performance Materials	$	29.6	$	32.2	$	55.8	$	61.0
Specialty Minerals		25.1		26.9		49.2		51.3
Refractories		10.3		10.5		23.1		19.7
Energy Services		0.7		0.8		2.2		2.5
Total	$	65.7	$	70.4	$	130.3	$	134.5

A reconciliation of the totals reported for the operating segments to the applicable line items in the condensed consolidated financial statements is as follows:

	Income From Operations Before Provision For Taxes on Income
	Three Months Ended						Six Months Ended
	July 1, 2018			July 2, 2017			July 1, 2018			July 2, 2017
	(millions of dollars)
Income from operations for reportable segments	$	65.7		$	70.4		$	130.3		$	134.5
Acquisition-related transaction and integration costs		(1.0	)		(0.8	)		(1.4	)		(2.3	)
Unallocated corporate expenses		(1.9	)		(0.6	)		(3.5	)		(1.1	)
Consolidated income from operations		62.8			69.0			125.4			131.1
Non-operating deductions, net		(8.4	)		(11.9	)		(21.8	)		(28.5	)
Income from continuing operations before provision for taxes on income	$	54.4		$	57.1		$	103.6		$	102.6

The Company's sales by product category are as follows:

	Three Months Ended				Six Months Ended
	July 1, 2018		July 2, 2017		July 1, 2018		July 2, 2017
	(millions of dollars)
Metalcasting	$	88.8		75.7		168.0		142.3
Household, Personal Care & Specialty Products		58.6		39.7		107.3		80.8
Environmental Products		25.2		19.6		37.9		30.2
Building Materials		18.0		20.2		36.9		37.6
Basic Minerals		23.9		25.1		51.7		59.3
Paper PCC		94.5		92.3		191.5		185.7
Specialty PCC		17.3		17.4		34.3		34.4
Ground Calcium Carbonate		25.2		23.3		47.7		44.8
Talc		13.9		14.0		27.0		28.3
Refractory Products		66.7		56.1		129.0		112.8
Metallurgical Products		12.9		12.8		25.9		26.3
Energy Services		19.7		17.9		38.8		36.6
Total	$	464.7	$	414.1	$	896.0	$	819.1