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v3.22.4

Segment Reporting and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Reportable Segments | The below table presents financial information for each segment and a reconciliation of EBITDA to Net Income (the most directly comparable GAAP financial measure) for 2022 and 2021:
(Thousands) |  | 2022 |  | 2021
Net sales: |  |  |  |
Performance Materials(1) |  | $ | 671,525 |  |  | $ | 511,874 |
Electronic Materials(1) |  | $ | 971,902 |  |  | 866,816 |
Precision Optics |  | 113,682 |  |  | 131,954 |
Other |  | — |  |  | — |
Net sales |  | 1,757,109 |  |  | 1,510,644 |
Segment EBITDA: |  |  |  |
Performance Materials |  | $ | 125,227 |  |  | 89,028 |
Electronic Materials |  | 67,806 |  |  | $ | 44,852 |
Precision Optics |  | 13,753 |  |  | 25,854 |
Other |  | (28,345) |  |  | (33,371) |
Total Segment EBITDA |  | 178,441 |  |  | 126,363 |
Income tax expense |  | 17,110 |  |  | 4,851 |
Interest expense - net |  | 21,905 |  |  | 4,901 |
Depreciation, depletion and amortization |  | 53,436 |  |  | 44,137 |
Net income |  | $ | 85,990 |  |  | $ | 72,474 |
(1) Excludes inter-segment sales of $0.7 million for Performance Materials and $14.0 million for Electronic Materials for 2022 and $0.2 million for Performance Materials and $13.9 million for Electronic Materials for 2021. Inter-segment sales are eliminated in consolidation.
Sales and Long-Lived Assets Attributed to Countries Based Upon the Location of Customers | Other geographic information includes the following:
(Thousands) |  | 2022 |  | 2021 |  | 2020
Net sales |  |  |  |  |  |
United States |  | $ | 867,053 |  |  | $ | 794,862 |  |  | $ | 641,727 |
Asia |  | 519,395 |  |  | 426,303 |  |  | 329,968 |
Europe |  | 355,691 |  |  | 270,213 |  |  | 189,281 |
All other |  | 14,970 |  |  | 19,266 |  |  | 15,298 |
Total |  | $ | 1,757,109 |  |  | $ | 1,510,644 |  |  | $ | 1,176,274 |
Property, plant, and equipment, net by country deployed |  |  |  |  |  |
United States |  | $ | 372,779 |  |  | $ | 327,969 |  |  | $ | 223,340 |
All other |  | 75,986 |  |  | 81,006 |  |  | 86,346 |
Total |  | $ | 448,765 |  |  | $ | 408,975 |  |  | $ | 309,686 |
Disaggregation of Revenue by Segment | The following table disaggregates revenue for each segment by end market for 2022 and 2021:
(Thousands) |  | Performance Materials |  | Electronic Materials |  | Precision Optics |  | Other |  | Total
2022 |  |  |  |  |  |  |  |  |  |
End Market |  |  |  |  |  |  |  |  |  |
Semiconductor |  | $ | 8,666 |  |  | $ | 784,517 |  |  | $ | 5,107 |  |  | $ | — |  |  | $ | 798,290 |
Industrial |  | 168,012 |  |  | 47,407 |  |  | 31,948 |  |  | — |  |  | 247,367 |
Aerospace and Defense |  | 110,884 |  |  | 5,882 |  |  | 16,988 |  |  | — |  |  | 133,754 |
Consumer Electronics |  | 49,859 |  |  | 1,144 |  |  | 22,666 |  |  | — |  |  | 73,669 |
Automotive |  | 93,581 |  |  | 7,590 |  |  | 9,922 |  |  | — |  |  | 111,093 |
Energy |  | 50,021 |  |  | 98,844 |  |  | — |  |  | — |  |  | 148,865 |
Telecom and Data Center |  | 65,230 |  |  | 149 |  |  | — |  |  | — |  |  | 65,379 |
Other |  | 125,272 |  |  | 26,369 |  |  | 27,051 |  |  | — |  |  | 178,692 |
Total |  | $ | 671,525 |  |  | $ | 971,902 |  |  | $ | 113,682 |  |  | $ | — |  |  | $ | 1,757,109 |
2021 |  |  |  |  |  |  |  |  |  |
End Market |  |  |  |  |  |  |  |  |  |
Semiconductor |  | $ | 8,481 |  |  | $ | 683,085 |  |  | $ | 2,572 |  |  | $ | — |  |  | $ | 694,138 |
Industrial |  | 123,337 |  |  | 45,025 |  |  | 32,779 |  |  | — |  |  | 201,141 |
Aerospace and Defense |  | 86,046 |  |  | 5,509 |  |  | 23,622 |  |  | — |  |  | 115,177 |
Consumer Electronics |  | 41,694 |  |  | 1,184 |  |  | 32,485 |  |  | — |  |  | 75,363 |
Automotive |  | 105,466 |  |  | 7,321 |  |  | 8,356 |  |  | — |  |  | 121,143 |
Energy |  | 23,913 |  |  | 99,330 |  |  | — |  |  | — |  |  | 123,243 |
Telecom and Data Center |  | 53,510 |  |  | 173 |  |  | — |  |  | — |  |  | 53,683 |
Other |  | 69,427 |  |  | 25,189 |  |  | 32,140 |  |  | — |  |  | 126,756 |
Total |  | $ | 511,874 |  |  | $ | 866,816 |  |  | $ | 131,954 |  |  | $ | — |  |  | $ | 1,510,644 |

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- 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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