Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2015

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)	2015			2014			2015			2014
Net sales:
Fuel Specialties	$	190.3		$	156.1		$	572.0		$	465.4
Performance Chemicals		43.6			57.0			155.3			172.5
Octane Additives		20.3			15.1			39.0			32.3

	$	254.2		$	228.2		$	766.3		$	670.2


Gross profit:
Fuel Specialties	$	69.0		$	53.2		$	199.4		$	149.1
Performance Chemicals		12.4			13.7			41.7			42.6
Octane Additives		9.0			6.7			18.6			16.2

	$	90.4		$	73.6		$	259.7		$	207.9


Operating income:
Fuel Specialties	$	27.0		$	24.5		$	78.3		$	67.8
Performance Chemicals		5.4			6.6			19.3			20.9
Octane Additives		8.0			4.9			15.9			12.0
Pension credit/(charge)		0.0			(0.8	)		0.1			(2.5	)
Corporate costs		(9.3	)		(10.0	)		(24.8	)		(29.7	)
Adjustment to fair value of contingent consideration		8.5			0.0			31.6			0.0
Profit on disposal of subsidiary		1.6			0.0			1.6			0.0

Total operating income	$	41.2		$	25.2		$	122.0		$	68.5

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)	2015		2014		2015		2014
Depreciation:
Fuel Specialties	$	2.0	$	1.0	$	5.9	$	3.2
Performance Chemicals		0.6		0.9		2.2		2.8
Octane Additives		0.1		0.1		0.3		0.3
Corporate		0.3		0.5		1.1		1.6

	$	3.0	$	2.5	$	9.5	$	7.9


Amortization:
Fuel Specialties	$	3.3	$	1.9	$	9.7	$	6.2
Performance Chemicals		1.0		1.1		3.1		3.7
Corporate		0.9		0.9		2.8		2.8

	$	5.2	$	3.9	$	15.6	$	12.7