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Segment and Related Information (Tables)

6 Months Ended

Jul. 03, 2022

Segment and Related Information [Abstract]

Segment Information

The Company has three reportable segments: Performance Materials, Specialty Minerals and Refractories.  See Note 1 to the Condensed Consolidated Financial Statements. Segment information for the three and six-month periods ended July 3, 2022 and July 4, 2021 is as follows:

		Three Months Ended								Six Months Ended
(millions of dollars)		Jul. 3, 2022				Jul. 4, 2021				Jul. 3, 2022				Jul. 4, 2021
Net Sales
Performance Materials		$	299.6			$	238.4			$	571.7			$	469.3
Specialty Minerals			164.3				142.7				327.4				290.5
Refractories			93.1				74.5				177.0				148.4
Total		$	557.0			$	455.6			$	1,076.1			$	908.2
Income from Operations
Performance Materials		$	36.9			$	34.7			$	70.6			$	64.5
Specialty Minerals			20.2				20.0				38.6				41.1
Refractories			16.2				11.7				32.7				23.7
Total		$	73.3			$	66.4			$	141.9			$	129.3

Reconciliation of Income from Operations

A reconciliation of the totals reported for the operating segments to the applicable line items in the condensed consolidated financial statements is as follows:

		Three Months Ended								Six Months Ended
(millions of dollars)		Jul. 3, 2022				Jul. 4, 2021				Jul. 3, 2022				Jul. 4, 2021
Income from operations for reportable segments		$	73.3			$	66.4			$	141.9			$	129.3
Acquisition related transaction and integration costs			(2.6	)			(0.4	)			(4.2	)			(0.4	)
Litigation costs			(1.5	)			—				(1.5	)			—
Unallocated and other corporate expenses			0.2				(2.3	)			(0.6	)			(6.4	)
Consolidated income from operations			69.4				63.7				135.6				122.5
Non-operating deductions, net			(13.1	)			(11.4	)			(23.3	)			(20.8	)
Income before tax and equity in earnings		$	56.3			$	52.3			$	112.3			$	101.7

Sales by Product Category

The Company's sales by product category are as follows:

		Three Months Ended								Six Months Ended
(millions of dollars)		Jul. 3, 2022				Jul. 4, 2021				Jul. 3, 2022				Jul. 4, 2021
Household, Personal Care & Specialty Products		$	140.1			$	102.6			$	282.6			$	212.0
Metalcasting			88.8				80.5				169.0				162.2
Environmental Products			54.4				39.9				90.3				65.9
Building Materials			16.3				15.4				29.8				29.2
Paper PCC			91.9				85.8				188.7				175.4
Specialty PCC			28.0				18.5				52.2				38.9
Ground Calcium Carbonate			28.9				25.5				55.4				49.5
Talc			15.5				12.9				31.1				26.7
Refractory Products			70.2				58.0				135.0				116.8
Metallurgical Products			22.9				16.5				42.0				31.6
Total		$	557.0			$	455.6			$	1,076.1			$	908.2

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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.

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- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

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