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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Net Sales by Segment | Net Sales by Segment
|  | Second Quarter Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Petroleum additives |  |  |  |  |  |  |  |
Lubricant additives |  | $ | 575,194 |  |  | $ | 588,506 |  |  | $ | 1,147,109 |  |  | $ | 1,191,080 |
Fuel additives |  | 94,632 |  |  | 95,463 |  |  | 199,981 |  |  | 192,880 |
Total |  | 669,826 |  |  | 683,969 |  |  | 1,347,090 |  |  | 1,383,960 |
Specialty materials |  | 38,010 |  |  | 0 |  |  | 55,057 |  |  | 0 |
All other |  | 2,392 |  |  | 1,161 |  |  | 4,817 |  |  | 3,959 |
Net sales |  | $ | 710,228 |  |  | $ | 685,130 |  |  | $ | 1,406,964 |  |  | $ | 1,387,919 |
Segment Operating Profit | Segment Operating Profit
|  | Second Quarter Ended June 30, |  | Six Months Ended June 30,
(in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Petroleum additives |  | $ | 147,819 |  |  | $ | 132,138 |  |  | $ | 298,728 |  |  | $ | 264,206 |
Specialty materials |  | 4,972 |  |  | 0 |  |  | 5 |  |  | 0 |
All other |  | (1,374) |  |  | (1,022) |  |  | (1,455) |  |  | (1,997) |
Segment operating profit |  | 151,417 |  |  | 131,116 |  |  | 297,278 |  |  | 262,209 |
Corporate, general, and administrative expenses |  | (3,985) |  |  | (6,810) |  |  | (9,542) |  |  | (13,301) |
Interest and financing expenses, net |  | (15,910) |  |  | (10,255) |  |  | (31,564) |  |  | (21,028) |
Other income (expense), net |  | 11,472 |  |  | 10,659 |  |  | 24,515 |  |  | 21,978 |
Income before income tax expense |  | $ | 142,994 |  |  | $ | 124,710 |  |  | $ | 280,687 |  |  | $ | 249,858 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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