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Segment Reporting | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Segment Reporting | NOTE 2 – SEGMENT REPORTING The Company reports its financial performance based on the following three reportable segments: Fuel Specialties, Performance Chemicals and Oilfield Services. The Fuel Specialties, Performance Chemicals and Oilfield Services segments operate in markets where we actively seek growth opportunities although their ultimate customers are different. Our previously reported Octane Additives segment ceased trading in the second quarter of 2020. The Company evaluates the performance of its segments based on operating income. The following tables analyze sales and other financial information by the Company’s reportable segments:
|  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
(in millions) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Refinery and Performance |  | $ | 113.8 |  |  | $ | 86.8 |  |  | $ | 307.9 |  |  |  | 270.3 |
Other |  |  | 42.6 |  |  |  | 33.2 |  |  |  | 130.9 |  |  |  | 104.1 |
Fuel Specialties |  |  | 156.4 |  |  |  | 120.0 |  |  |  | 438.8 |  |  |  | 374.4 |
Personal Care |  |  | 75.8 |  |  |  | 57.1 |  |  |  | 217.8 |  |  |  | 169.9 |
Home Care |  |  | 24.4 |  |  |  | 21.6 |  |  |  | 68.7 |  |  |  | 64.5 |
Other |  |  | 32.6 |  |  |  | 23.3 |  |  |  | 100.4 |  |  |  | 76.4 |
Performance Chemicals |  |  | 132.8 |  |  |  | 102.0 |  |  |  | 386.9 |  |  |  | 310.8 |
Oilfield Services |  |  | 86.9 |  |  |  | 43.1 |  |  |  | 244.5 |  |  |  | 197.1 |
|  | $ | 376.1 |  |  | $ | 265.1 |  |  | $ | 1,070.2 |  |  |  | 882.3 |
Gross profit/(loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel Specialties |  | $ | 49.1 |  |  | $ | 40.3 |  |  | $ | 144.1 |  |  |  | 116.9 |
Performance Chemicals |  |  | 32.6 |  |  |  | 24.0 |  |  |  | 95.6 |  |  |  | 76.5 |
Oilfield Services |  |  | 31.2 |  |  |  | 14.4 |  |  |  | 82.3 |  |  |  | 60.5 |
Octane Additives |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (2.2 | )
|  | $ | 112.9 |  |  | $ | 78.7 |  |  | $ | 322.0 |  |  |  | 251.7 |
Operating income/(loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fuel Specialties |  | $ | 26.6 |  |  | $ | 22.2 |  |  | $ | 78.9 |  |  |  | 59.0 |
Performance Chemicals |  |  | 17.8 |  |  |  | 12.4 |  |  |  | 54.0 |  |  |  | 40.2 |
Oilfield Services |  |  | 2.7 |  |  |  | (4.5 | ) |  |  | 6.1 |  |  |  | (9.7 | )
Octane Additives |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (2.8 | )
Corporate costs |  |  | (15.7 | ) |  |  | (13.3 | ) |  |  | (42.4 | ) |  |  | (41.5 | )
Restructuring charge |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (21.1 | )
Impairment of intangible assets |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (19.8 | )
Total operating income |  | $ | 31.4 |  |  | $ | 16.8 |  |  | $ | 96.6 |  |  |  | 4.3 |

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- 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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&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 http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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