XML 35 R22.htm IDEA: XBRL DOCUMENT v3.19.2
Segment and Related Information
 6 Months Ended
Jun. 30, 2019
Segment and Related Information [Abstract]  
Segment and Related Information
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 June 30, 2019 and July 1, 2018  is as follows:


  
Three Months Ended
    
Six Months Ended
  
(millions of dollars)
  
June 30,
2019
    
July 1,
2018
    
June 30,
2019
    
July 1,
2018
  
                         
Net Sales
                        
Performance Materials
  
$
215.4
    
$
214.5
    
$
414.6
    
$
401.8
  
Specialty Minerals
    
145.1
      
150.9
      
289.5
      
300.5
  
Refractories
    
77.5
      
79.6
      
151.3
      
154.9
  
Energy Services
    
25.8
      
19.7
      
46.1
      
38.8
  
Total
  
$
463.8
    
$
464.7
    
$
901.5
    
$
896.0
  
                                 
Income from Operations
                                
Performance Materials
  
$
20.7
    
$
29.6
    
$
47.0
    
$
55.8
  
Specialty Minerals
    
20.0
      
25.1
      
42.0
      
49.2
  
Refractories
    
7.1
      
10.3
      
19.2
      
23.1
  
Energy Services
    
0.9
      
0.7
      
3.3
      
2.2
  
Total
  
$
48.7
    
$
65.7
    
$
111.5
    
$
130.3
  


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


  
Three Months Ended
    
Six Months Ended
  
(millions of dollars)
  
June 30,
2019
    
July 1,
2018
    
June 30,
2019
    
July 1,
2018
  
                         
Income from operations for reportable segments
  
$
48.7
    
$
65.7
    
$
111.5
    
$
130.3
  
Acquisition related transaction and integration costs
    
—
      
(1.0
)
    
—
      
(1.4
)
Unallocated corporate expenses
    
(3.2
)
    
(1.9
)
    
(4.0
)
    
(3.5
)
Consolidated income from operations
    
45.5
      
62.8
      
107.5
      
125.4
  
Non-operating deductions, net
    
(13.3
)
    
(8.4
)
    
(26.1
)
    
(21.8
)
Income from operations before tax and equity in earnings
  
$
32.2
    
$
54.4
    
$
81.4
    
$
103.6
  




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


  
Three Months Ended
    
Six Months Ended
  
(millions of dollars)
  
June 30,
2019
    
July 1,
2018
    
June 30,
2019
    
July 1,
2018
  
                         
Metalcasting
  
$
75.8
    
$
88.8
    
$
149.0
    
$
168.0
  
Household, Personal Care & Specialty Products
    
69.0
      
58.6
      
143.9
      
107.3
  
Environmental Products
    
29.0
      
25.2
      
44.9
      
37.9
  
Building Materials
    
19.1
      
18.0
      
34.4
      
36.9
  
Basic Minerals
    
22.5
      
23.9
      
42.4
      
51.7
  
Performance Materials
    
215.4
      
214.5
      
414.6
      
401.8
  
                                 
Paper PCC
    
90.2
      
94.5
      
181.7
      
191.5
  
Specialty PCC
    
17.3
      
17.3
      
35.4
      
34.3
  
Ground Calcium Carbonate
    
24.8
      
25.2
      
47.1
      
47.7
  
Talc
    
12.8
      
13.9
      
25.3
      
27.0
  
Specialty Minerals
    
145.1
      
150.9
      
289.5
      
300.5
  
                                 
Refractory Products
    
61.0
      
66.7
      
123.0
      
129.0
  
Metallurgical Products
    
16.5
      
12.9
      
28.3
      
25.9
  
Refractories
    
77.5
      
79.6
      
151.3
      
154.9
  
                                 
Energy Services
    
25.8
      
19.7
      
46.1
      
38.8
  
Total
  
$
463.8
    
$
464.7
    
$
901.5
    
$
896.0