Segmental Reporting (Tables)

9 Months Ended

Sep. 30, 2014

The Company evaluates the performance of its segments based on operating income. The following table analyzes sales and other financial information by the Company’s reportable segments:


	Three Months Ended September 30						Nine Months Ended September 30
(in millions)	2014			2013			2014			2013
Net sales:
Fuel Specialties	$	156.1		$	137.4		$	465.4		$	403.6
Performance Chemicals		57.0			47.9			172.5			140.2
Octane Additives		15.1			7.5			32.3			33.4

	$	228.2		$	192.8		$	670.2		$	577.2


Gross profit:
Fuel Specialties	$	53.2		$	42.6		$	149.1		$	130.1
Performance Chemicals		13.7			11.1			42.6			32.9
Octane Additives		6.7			3.7			16.2			17.6

	$	73.6		$	57.4		$	207.9		$	180.6


Operating income:
Fuel Specialties	$	24.5		$	22.3		$	67.8		$	66.4
Performance Chemicals		6.6			5.6			20.9			17.1
Octane Additives		4.9			2.1			12.0			13.0
Pension charge		(0.8	)		(0.7	)		(2.5	)		(2.1	)
Corporate costs		(10.0	)		(9.4	)		(29.7	)		(29.4	)
Impairment of Octane Additives segment goodwill		0.0			(0.4	)		0.0			(1.0	)

Total operating income	$	25.2		$	19.5		$	68.5		$	64.0

Summary of Segment Depreciation and Amortization

The following table presents a summary of the depreciation and amortization charges incurred by the Company’s reportable segments:


	Three Months Ended September 30				Nine Months Ended September 30
(in millions)	2014		2013		2014		2013
Depreciation:
Fuel Specialties	$	1.0	$	0.5	$	3.2	$	1.7
Performance Chemicals		0.9		0.9		2.8		2.6
Octane Additives		0.1		0.1		0.3		0.5
Corporate		0.5		0.6		1.6		1.7

	$	2.5	$	2.1	$	7.9	$	6.5


Amortization:
Fuel Specialties	$	1.9	$	1.6	$	6.2	$	4.8
Performance Chemicals		1.1		0.6		3.7		1.3
Octane Additives		0.0		0.2		0.0		0.5
Corporate		0.9		0.0		2.8		0.0

	$	3.9	$	2.4	$	12.7	$	6.6

- 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.

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