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Segment and Related Information (Tables) | 9 Months Ended
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Oct. 02, 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 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 |
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 |  |  | 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 |
Sales by Product Category | 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 |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
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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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