Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Operating Segment

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three months ended March 31, 2021 and 2020, were as follows:

(In thousands)	Three Months Ended March 31
	2021		2020
Segment Net Sales
Surfactants	$	370,936	$	327,071
Polymers		150,385		106,491
Specialty Products		16,419		16,425
Total	$	537,740	$	449,987

Reconciliation of Segment Information to Income Before Provision for Income Taxes

Segment operating income and reconciliations of segment operating income to income before provision for income taxes for the three months ended March 31, 2021 and 2020, are summarized below:

(In thousands)	Three Months Ended March 31
	2021			2020
Segment Operating Income
Surfactants	$	53,210		$	36,156
Polymers		17,951			7,516
Specialty Products		2,633			3,984
Segment operating income		73,794			47,656
Business restructuring		(81	)		(357	)
Unallocated corporate expenses (1)		(19,799	)		(7,295	)
Consolidated operating income		53,914			40,004
Interest expense, net		(1,524	)		(1,230	)
Other, net		746			(3,262	)
Income before provision for income taxes	$	53,136		$	35,512

(1) Unallocated corporate expenses primarily comprise corporate administrative expenses (e.g., corporate finance, legal, human resources, information systems, deferred compensation and environmental remediation) that are not included in segment operating income and are not used to evaluate segment performance.