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Segment Information (Tables)

9 Months Ended

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

X

- 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
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-Section 50
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-Subparagraph (b)
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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
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-Section 50
-Paragraph 30
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No definition available.

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