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Segment and Related Information | 6 Months Ended
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Jul. 01, 2018
Segment and Related Information [Abstract] |
Segment and Related Information |
Note 16. | Segment and Related Information
On a regular basis, the Company reviews its segments and the approach used by the chief operating decision maker to assess performance and allocate resources. The Company has four reportable segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. See Note 1 to the Condensed Consolidated Financial Statements. Segment information for the three and six-month periods ended July 1, 2018 and July 2, 2017 is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 1, 2018 |  |  | July 2, 2017 |  |  | July 1, 2018 |  |  | July 2, 2017 |
|  | (millions of dollars) |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 214.5 |  |  | $ | 180.3 |  |  | $ | 401.8 |  |  | $ | 350.2 |
Specialty Minerals |  |  | 150.9 |  |  |  | 147.0 |  |  |  | 300.5 |  |  |  | 293.2 |
Refractories |  |  | 79.6 |  |  |  | 68.9 |  |  |  | 154.9 |  |  |  | 139.1 |
Energy Services |  |  | 19.7 |  |  |  | 17.9 |  |  |  | 38.8 |  |  |  | 36.6 |
Total |  | $ | 464.7 |  |  | $ | 414.1 |  |  | $ | 896.0 |  |  | $ | 819.1 |
Income from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 29.6 |  |  | $ | 32.2 |  |  | $ | 55.8 |  |  | $ | 61.0 |
Specialty Minerals |  |  | 25.1 |  |  |  | 26.9 |  |  |  | 49.2 |  |  |  | 51.3 |
Refractories |  |  | 10.3 |  |  |  | 10.5 |  |  |  | 23.1 |  |  |  | 19.7 |
Energy Services |  |  | 0.7 |  |  |  | 0.8 |  |  |  | 2.2 |  |  |  | 2.5 |
Total |  | $ | 65.7 |  |  | $ | 70.4 |  |  | $ | 130.3 |  |  | $ | 134.5 |
A reconciliation of the totals reported for the operating segments to the applicable line items in the condensed consolidated financial statements is as follows:
|  | Income From Operations Before Provision For Taxes on Income |
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 1, 2018 |  |  | July 2, 2017 |  |  | July 1, 2018 |  |  | July 2, 2017 |
|  | (millions of dollars) |
Income from operations for reportable segments |  | $ | 65.7 |  |  | $ | 70.4 |  |  | $ | 130.3 |  |  | $ | 134.5 |
Acquisition-related transaction and integration costs |  |  | (1.0 | ) |  |  | (0.8 | ) |  |  | (1.4 | ) |  |  | (2.3 | )
Unallocated corporate expenses |  |  | (1.9 | ) |  |  | (0.6 | ) |  |  | (3.5 | ) |  |  | (1.1 | )
Consolidated income from operations |  |  | 62.8 |  |  |  | 69.0 |  |  |  | 125.4 |  |  |  | 131.1 |
Non-operating deductions, net |  |  | (8.4 | ) |  |  | (11.9 | ) |  |  | (21.8 | ) |  |  | (28.5 | )
Income from continuing operations before provision for taxes on income |  | $ | 54.4 |  |  | $ | 57.1 |  |  | $ | 103.6 |  |  | $ | 102.6 |
The Company's sales by product category are as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | July 1, 2018 |  |  | July 2, 2017 |  |  | July 1, 2018 |  |  | July 2, 2017 |
|  | (millions of dollars) |
Metalcasting |  | $ | 88.8 |  |  |  | 75.7 |  |  |  | 168.0 |  |  |  | 142.3 |
Household, Personal Care & Specialty Products |  |  | 58.6 |  |  |  | 39.7 |  |  |  | 107.3 |  |  |  | 80.8 |
Environmental Products |  |  | 25.2 |  |  |  | 19.6 |  |  |  | 37.9 |  |  |  | 30.2 |
Building Materials |  |  | 18.0 |  |  |  | 20.2 |  |  |  | 36.9 |  |  |  | 37.6 |
Basic Minerals |  |  | 23.9 |  |  |  | 25.1 |  |  |  | 51.7 |  |  |  | 59.3 |
Paper PCC |  |  | 94.5 |  |  |  | 92.3 |  |  |  | 191.5 |  |  |  | 185.7 |
Specialty PCC |  |  | 17.3 |  |  |  | 17.4 |  |  |  | 34.3 |  |  |  | 34.4 |
Ground Calcium Carbonate |  |  | 25.2 |  |  |  | 23.3 |  |  |  | 47.7 |  |  |  | 44.8 |
Talc |  |  | 13.9 |  |  |  | 14.0 |  |  |  | 27.0 |  |  |  | 28.3 |
Refractory Products |  |  | 66.7 |  |  |  | 56.1 |  |  |  | 129.0 |  |  |  | 112.8 |
Metallurgical Products |  |  | 12.9 |  |  |  | 12.8 |  |  |  | 25.9 |  |  |  | 26.3 |
Energy Services |  |  | 19.7 |  |  |  | 17.9 |  |  |  | 38.8 |  |  |  | 36.6 |
Total |  | $ | 464.7 |  |  | $ | 414.1 |  |  | $ | 896.0 |  |  | $ | 819.1 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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