XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Reporting | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment Reporting [Abstract] |
Segment Reporting |
11. | SEGMENT REPORTING
The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and nine months ended September 30, 2018 and 2017, were as follows:
(In thousands) |  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Segment Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surfactants |  | $ | 346,884 |  |  | $ | 321,444 |  |  | $ | 1,062,708 |  |  | $ | 973,381 |
Polymers |  |  | 141,646 |  |  |  | 147,754 |  |  |  | 404,446 |  |  |  | 415,551 |
Specialty Products |  |  | 19,467 |  |  |  | 18,616 |  |  |  | 60,044 |  |  |  | 62,252 |
Total |  | $ | 507,997 |  |  | $ | 487,814 |  |  | $ | 1,527,198 |  |  | $ | 1,451,184 |
Segment operating income and reconciliations of segment operating income to consolidated income before income taxes for the three and nine months ended September 30, 2018 and 2017, are summarized below:
(In thousands) |  | Three Months Ended September 30 |  |  | Nine Months Ended September 30 |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Segment Operating Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surfactants |  | $ | 31,201 |  |  | $ | 22,559 |  |  | $ | 105,670 |  |  | $ | 92,080 |
Polymers |  |  | 17,431 |  |  |  | 21,146 |  |  |  | 53,783 |  |  |  | 63,884 |
Specialty Products |  |  | 2,653 |  |  |  | 990 |  |  |  | 6,543 |  |  |  | 7,711 |
Segment operating income |  |  | 51,285 |  |  |  | 44,695 |  |  |  | 165,996 |  |  |  | 163,675 |
Business restructuring |  |  | (1,715 | ) |  |  | (426 | ) |  |  | (2,346 | ) |  |  | (1,798 | )
Unallocated corporate expenses (1) |  |  | (21,876 | ) |  |  | (13,835 | ) |  |  | (51,616 | ) |  |  | (46,080 | )
Consolidated operating income |  |  | 27,694 |  |  |  | 30,434 |  |  |  | 112,034 |  |  |  | 115,797 |
Interest expense, net |  |  | (2,797 | ) |  |  | (2,763 | ) |  |  | (8,620 | ) |  |  | (8,618 | )
Other, net |  |  | 346 |  |  |  | 1,641 |  |  |  | 1,990 |  |  |  | 3,526 |
Consolidated income before income taxes |  | $ | 25,243 |  |  | $ | 29,312 |  |  | $ | 105,404 |  |  | $ | 110,705 |
| (1) | Unallocated corporate expenses are primarily comprised of corporate administrative expenses (e.g., corporate finance, legal, human resources, information systems, deferred compensation and environmental remediation) that are not included in segment operating income and not used to evaluate segment performance.
| (2) | The 2017 data has been immaterially changed from the amounts originally reported as a result of the Company’s first quarter 2018 adoption of ASU No. 2017-7, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration