XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Segment and Related Information | 9 Months Ended
--- | ---
Oct. 02, 2022
Segment and Related Information [Abstract] |
Segment and Related Information | Note 14. Segment and Related 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 nine-month periods ended October 2, 2022 and October 3, 2021 is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(millions of dollars) |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |  |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 290.4 |  |  | $ | 250.4 |  |  | $ | 862.1 |  |  | $ | 719.7 |
Specialty Minerals |  |  | 166.0 |  |  |  | 146.9 |  |  |  | 493.3 |  |  |  | 437.4 |
Refractories |  |  | 85.5 |  |  |  | 75.9 |  |  |  | 262.5 |  |  |  | 224.3 |
Total |  | $ | 541.9 |  |  | $ | 473.2 |  |  | $ | 1,617.9 |  |  | $ | 1,381.4 |
Income (loss) from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 37.9 |  |  | $ | 32.0 |  |  | $ | 108.5 |  |  | $ | 96.5 |
Specialty Minerals |  |  | (14.2 | ) |  |  | 17.3 |  |  |  | 24.4 |  |  |  | 58.4 |
Refractories |  |  | 12.4 |  |  |  | 13.2 |  |  |  | 45.1 |  |  |  | 36.9 |
Total |  | $ | 36.1 |  |  | $ | 62.5 |  |  | $ | 178.0 |  |  | $ | 191.8 |
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 |  |  | Nine Months Ended |
(millions of dollars) |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |  |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |
Income from operations for reportable segments |  | $ | 36.1 |  |  | $ | 62.5 |  |  | $ | 178.0 |  |  | $ | 191.8 |
Acquisition related transaction and integration costs |  |  | (0.5 | ) |  |  | (0.9 | ) |  |  | (4.7 | ) |  |  | (1.3 | )
Litigation costs |  |  | — |  |  |  | — |  |  |  | (1.5 | ) |  |  | — |
Unallocated and other corporate expenses |  |  | — |  |  |  | (1.0 | ) |  |  | (0.6 | ) |  |  | (7.4 | )
Consolidated income from operations |  |  | 35.6 |  |  |  | 60.6 |  |  |  | 171.2 |  |  |  | 183.1 |
Non-operating deductions, net |  |  | (18.5 | ) |  |  | (10.1 | ) |  |  | (41.8 | ) |  |  | (30.9 | )
Income before tax and equity in earnings |  | $ | 17.1 |  |  | $ | 50.5 |  |  | $ | 129.4 |  |  | $ | 152.2 |
The Company’s sales by product category are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(millions of dollars) |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |  |  | Oct. 2, 2022 |  |  | Oct. 3, 2021 |
Household, Personal Care & Specialty Products |  | $ | 141.5 |  |  | $ | 121.8 |  |  | $ | 424.1 |  |  | $ | 333.9 |
Metalcasting |  |  | 85.4 |  |  |  | 72.9 |  |  |  | 254.4 |  |  |  | 235.0 |
Environmental Products |  |  | 47.7 |  |  |  | 39.8 |  |  |  | 138.0 |  |  |  | 105.8 |
Building Materials |  |  | 15.8 |  |  |  | 15.9 |  |  |  | 45.6 |  |  |  | 45.0 |
Paper PCC |  |  | 97.7 |  |  |  | 89.5 |  |  |  | 286.4 |  |  |  | 264.9 |
Specialty PCC |  |  | 25.5 |  |  |  | 18.2 |  |  |  | 77.7 |  |  |  | 57.1 |
Ground Calcium Carbonate |  |  | 28.6 |  |  |  | 25.0 |  |  |  | 84.0 |  |  |  | 74.5 |
Talc |  |  | 14.2 |  |  |  | 14.2 |  |  |  | 45.2 |  |  |  | 40.9 |
Refractory Products |  |  | 68.9 |  |  |  | 58.3 |  |  |  | 203.9 |  |  |  | 175.1 |
Metallurgical Products |  |  | 16.6 |  |  |  | 17.6 |  |  |  | 58.6 |  |  |  | 49.2 |
Total |  | $ | 541.9 |  |  | $ | 473.2 |  |  | $ | 1,617.9 |  |  | $ | 1,381.4 |

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

X
- 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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration