XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of Operating Segment Reporting Information | Financial information for our operating segments for the quarters and six months ended June 30, 2021 and 2020 were as follows:
|  | (Unaudited) |
|  | Composite |  |  | Engineered |  |  | Corporate & |  |  |  |  |
(In millions) |  | Materials |  |  | Products |  |  | Other (a) |  |  | Total |
Second Quarter 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 240.9 |  |  | $ | 79.4 |  |  | $ | — |  |  | $ | 320.3 |
Intersegment sales |  |  | 14.6 |  |  |  | 0.8 |  |  |  | (15.4 | ) |  |  | — |
Total sales |  | $ | 255.5 |  |  | $ | 80.2 |  |  | $ | (15.4 | ) |  | $ | 320.3 |
Other operating expense |  |  | 2.8 |  |  |  | 0.2 |  |  |  | 0.1 |  |  |  | 3.1 |
Operating income (loss) |  |  | 24.5 |  |  |  | 5.9 |  |  |  | (14.2 | ) |  |  | 16.2 |
Depreciation and amortization |  |  | 30.5 |  |  |  | 3.6 |  |  |  | 0.1 |  |  |  | 34.2 |
Stock-based compensation |  |  | 0.8 |  |  |  | 0.1 |  |  |  | 3.4 |  |  |  | 4.3 |
Accrual basis additions to capital expenditures |  |  | 3.4 |  |  |  | 0.4 |  |  |  | — |  |  |  | 3.8 |
Second Quarter 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 306.2 |  |  | $ | 72.5 |  |  | $ | — |  |  | $ | 378.7 |
Intersegment sales |  |  | 15.4 |  |  |  | 0.4 |  |  |  | (15.8 | ) |  |  | — |
Total sales |  | $ | 321.6 |  |  | $ | 72.9 |  |  | $ | (15.8 | ) |  | $ | 378.7 |
Other operating expense |  |  | 8.5 |  |  |  | 2.4 |  |  |  | 2.2 |  |  |  | 13.1 |
Operating income (loss) |  |  | 20.1 |  |  |  | (0.5 | ) |  |  | (13.2 | ) |  |  | 6.4 |
Depreciation and amortization |  |  | 30.8 |  |  |  | 4.0 |  |  |  | 0.1 |  |  |  | 34.9 |
Stock-based compensation |  |  | (0.3 | ) |  |  | (0.1 | ) |  |  | (1.3 | ) |  |  | (1.7 | )
Accrual basis additions to capital expenditures |  |  | 10.5 |  |  |  | 1.0 |  |  |  | — |  |  |  | 11.5 |
Six Months Ended June 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 478.1 |  |  | $ | 152.5 |  |  | $ | — |  |  | $ | 630.6 |
Intersegment sales |  |  | 27.8 |  |  |  | 1.4 |  |  |  | (29.2 | ) |  |  | — |
Total sales |  | $ | 505.9 |  |  | $ | 153.9 |  |  | $ | (29.2 | ) |  | $ | 630.6 |
Other operating expense |  |  | 15.5 |  |  |  | (0.5 | ) |  |  | 0.2 |  |  |  | 15.2 |
Operating income (loss) |  |  | 31.9 |  |  |  | 10.6 |  |  |  | (36.5 | ) |  |  | 6.0 |
Depreciation and amortization |  |  | 61.3 |  |  |  | 7.3 |  |  |  | 0.1 |  |  |  | 68.7 |
Stock-based compensation |  |  | 1.4 |  |  |  | 0.3 |  |  |  | 11.6 |  |  |  | 13.3 |
Accrual basis additions to capital expenditures |  |  | 7.0 |  |  |  | 0.8 |  |  |  | — |  |  |  | 7.8 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 744.7 |  |  | $ | 175.0 |  |  | $ | — |  |  | $ | 919.7 |
Intersegment sales |  |  | 40.2 |  |  |  | 0.9 |  |  |  | (41.1 | ) |  |  | — |
Total sales |  | $ | 784.9 |  |  | $ | 175.9 |  |  | $ | (41.1 | ) |  | $ | 919.7 |
Other operating expense |  |  | 9.1 |  |  |  | 2.7 |  |  |  | 16.0 |  |  |  | 27.8 |
Operating income (loss) |  |  | 111.6 |  |  |  | 6.0 |  |  |  | (45.5 | ) |  |  | 72.1 |
Depreciation and amortization |  |  | 62.6 |  |  |  | 7.7 |  |  |  | 0.1 |  |  |  | 70.4 |
Stock-based compensation |  |  | 4.4 |  |  |  | 1.1 |  |  |  | 7.2 |  |  |  | 12.7 |
Accrual basis additions to capital expenditures |  |  | 30.7 |  |  |  | 2.7 |  |  |  | — |  |  |  | 33.4 |
| (a) | We do not allocate corporate expenses to the operating segments.
Schedule of Goodwill and Intangible Assets by Segment |
Goodwill and Intangible Assets |  | Composite |  |  | Engineered |  |  |  |  |
(In millions) |  | Materials |  |  | Products |  |  | Total |
Balance at December 31, 2020 |  | $ | 98.7 |  |  | $ | 179.1 |  |  | $ | 277.8 |
Amortization expense |  |  | (1.0 | ) |  |  | (2.5 | ) |  |  | (3.5 | )
Currency translation adjustments |  |  | (1.1 | ) |  |  | — |  |  |  | (1.1 | )
Balance at June 30, 2021 |  | $ | 96.6 |  |  | $ | 176.6 |  |  | $ | 273.2 |

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration