Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and 2021, were as follows:

(In thousands)	Three Months Ended March 31
	2022		2021
Segment Net Sales
Surfactants	$	468,266	$	370,936
Polymers		187,079		150,385
Specialty Products		19,931		16,419
Total	$	675,276	$	537,740

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, 2022 and 2021, are summarized below:

(In thousands)	Three Months Ended March 31
	2022			2021
Segment Operating Income
Surfactants	$	53,769		$	53,210
Polymers		14,129			17,951
Specialty Products		3,695			2,633
Segment operating income		71,593			73,794
Business restructuring		(52	)		(81	)
Unallocated corporate expenses (1)		(8,195	)		(19,799	)
Consolidated operating income		63,346			53,914
Other Income (Expense)
Interest, net		(2,306	)		(1,524	)
Other, net		(1,650	)		746
Income before provision for income taxes	$	59,390		$	53,136

(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.