Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2016

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)	2016			2015			2016			2015
Net sales:
Fuel Specialties	$	114.4		$	121.3		$	367.1		$	386.6
Performance Chemicals		36.8			33.7			106.8			124.4
Oilfield Services		49.7			78.9			132.4			216.3
Octane Additives		4.6			20.3			39.3			39.0

	$	205.5		$	254.2		$	645.6		$	766.3


Gross profit:
Fuel Specialties	$	43.8		$	39.5		$	129.5		$	125.4
Performance Chemicals		12.3			9.9			34.4			33.3
Oilfield Services		20.6			32.0			52.1			82.4
Octane Additives		2.5			9.0			24.9			18.6

	$	79.2		$	90.4		$	240.9		$	259.7


Operating income:
Fuel Specialties	$	24.1		$	21.6		$	72.2		$	70.7
Performance Chemicals		4.2			3.6			13.3			13.1
Oilfield Services		0.0			7.2			(7.1	)		13.8
Octane Additives		1.9			8.0			22.5			15.9
Pension credit		1.6			0.0			5.1			0.1
Corporate costs		(15.2	)		(9.3	)		(37.8	)		(24.8	)
Adjustment to fair value of contingent consideration		2.3			8.5			6.3			31.6
Profit/(loss) on disposal of subsidiary		0.0			1.6			(1.4	)		1.6

Total operating income	$	18.9		$	41.2		$	73.1		$	122.0

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)	2016		2015		2016		2015
Depreciation:
Fuel Specialties	$	0.9	$	0.7	$	2.8	$	2.3
Performance Chemicals		0.5		0.5		1.6		1.7
Oilfield Services		1.7		1.4		4.6		4.1
Octane Additives		0.1		0.1		0.4		0.3
Corporate		0.3		0.3		0.7		1.1

	$	3.5	$	3.0	$	10.1	$	9.5


Amortization:
Fuel Specialties	$	0.2	$	0.2	$	0.7	$	0.8
Performance Chemicals		1.1		1.1		3.1		3.1
Oilfield Services		2.9		3.0		8.9		8.9
Corporate		1.9		0.9		5.5		2.8

	$	6.1	$	5.2	$	18.2	$	15.6