Reportable Segments and Geographic Information

3 Months Ended

Mar. 31, 2012

Segment Reporting Information, Profit (Loss) [Abstract]

Reportable Segments and Geographic Information

Reportable Segments

The Company operates and reports its results in four operating segments: Magnetic Technologies, Advanced Materials, Specialty Chemicals and Battery Technologies. Intersegment transactions are generally recognized based on current market prices and are eliminated in consolidation. Corporate is comprised of general and administrative expenses not allocated to the operating segments, including all share-based compensation expense.

The following table reflects the results of our reportable segments:

	Three Months Ended March 31,
	2012			2011
Net Sales
Magnetic Technologies(a)	$	190,491		$	—
Advanced Materials	132,973			180,080
Specialty Chemicals	105,913			120,583
Battery Technologies	37,032			30,976
Intersegment items	(230		)	(294		)
	$	466,179		$	331,345
Operating profit
Magnetic Technologies(a)(b)	$	13,903		$	—
Advanced Materials	11,111			32,117
Specialty Chemicals (c)	13,521			13,734
Battery Technologies	5,655			2,122
Corporate	(9,754		)	(10,213		)
	34,436			37,760
Interest expense	(12,212		)	(1,422		)
Interest income	152			220
Foreign exchange gain (loss)	(5,021		)	475
Other expense, net	(291		)	(5		)
	(17,372		)	(732		)
Income from continuing operations before income taxes	$	17,064		$	37,028
Expenditures for property, plant & equipment
Magnetic Technologies(a)	$	3,496		$	—
Advanced Materials	5,137			1,019
Specialty Chemicals	964			1,402
Battery Technologies	1,221			907
	$	10,818		$	3,328
Depreciation of property, plant and equipment and amortization of intangibles (d)
Magnetic Technologies(a)	$	10,212		$	—
Advanced Materials	4,224			5,072
Specialty Chemicals	5,096			5,630
Battery Technologies	2,502			2,485
Corporate	115			122
	$	22,149		$	13,309

(a) VAC was acquired on August 2, 2011. Because we acquired VAC in the third quarter of 2011, the table above does not include comparable results for the first quarter of 2011.

(b) Includes inventory step-up charges of $15.7 million resulting from purchase accounting for the VAC acquisition.

(c) The three months ended March 31, 2012 includes a $2.9 million property sale gain.

(d) Excludes amortization of deferred financing fees.