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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Net Sales by Segment | Net Sales by Segment
|  | Third Quarter Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Petroleum additives |  |  |  |  |  |  |  |
Lubricant additives |  | $ | 582,559 |  |  | $ | 527,142 |  |  | $ | 1,775,574 |  |  | $ | 1,520,475 |
Fuel additives |  | 110,134 |  |  | 91,928 |  |  | 298,444 |  |  | 250,080 |
Total |  | 692,693 |  |  | 619,070 |  |  | 2,074,018 |  |  | 1,770,555 |
All other |  | 3,356 |  |  | 3,137 |  |  | 8,222 |  |  | 8,988 |
Net sales |  | $ | 696,049 |  |  | $ | 622,207 |  |  | $ | 2,082,240 |  |  | $ | 1,779,543 |
Segment Operating Profit | Segment Operating Profit
|  | Third Quarter Ended September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Petroleum additives |  | $ | 83,023 |  |  | $ | 72,128 |  |  | $ | 261,130 |  |  | $ | 240,399 |
All other |  | (41) |  |  | (151) |  |  | (205) |  |  | (798) |
Segment operating profit |  | 82,982 |  |  | 71,977 |  |  | 260,925 |  |  | 239,601 |
Corporate, general, and administrative expenses |  | (4,167) |  |  | (8,731) |  |  | (15,389) |  |  | (16,591) |
Interest and financing expenses, net |  | (8,369) |  |  | (9,345) |  |  | (24,859) |  |  | (24,557) |
Loss on early extinguishment of debt |  | 0 |  |  | 0 |  |  | (7,545) |  |  | 0 |
Other income (expense), net |  | 9,883 |  |  | 7,252 |  |  | 26,312 |  |  | 19,128 |
Income before income tax expense |  | $ | 80,329 |  |  | $ | 61,153 |  |  | $ | 239,444 |  |  | $ | 217,581 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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