Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

The following is segment data for the three years ended December 31, 2020, 2019 and 2018:

(In thousands)	Surfactants		Polymers		Specialty Products		Segment Totals
2020
Net sales	$	1,351,686	$	452,277	$	65,787	$	1,869,750
Operating income		169,101		68,214		13,966		251,281
Assets		1,018,555		361,219		92,964		1,472,738
Capital expenditures		88,484		26,719		5,960		121,163
Depreciation and amortization expenses		49,429		22,873		5,686		77,988

2019
Net sales	$	1,272,723	$	512,347	$	73,675	$	1,858,745
Operating income		122,780		69,567		16,415		208,762
Assets		907,032		338,179		86,718		1,331,929
Capital expenditures		69,725		29,188		4,441		103,354
Depreciation and amortization expenses		48,422		22,151		5,483		76,056

2018
Net sales	$	1,385,932	$	527,420	$	80,505	$	1,993,857
Operating income		133,518		66,373		11,661		211,552
Assets		850,553		351,690		82,957		1,285,200
Capital expenditures		51,543		26,663		6,192		84,398
Depreciation and amortization expenses		50,514		23,253		5,150		78,917

Reconciliation of Segment Information to Consolidated Financial Statements

Below are reconciliations of segment data to the consolidated financial statements:

(In thousands)	2020			2019			2018
Operating income - segment totals	$	251,281		$	208,762		$	211,552
Business restructuring ⁽¹⁾		(1,212	)		(2,744	)		(2,588	)
Unallocated corporate expenses ⁽²⁾		(78,547	)		(78,758	)		(59,699	)
Total operating income		171,522			127,260			149,265
Interest expense, net		(5,409	)		(5,932	)		(10,771	)
Other, net		4,954			4,571			(725	)
Consolidated income before income taxes	$	171,067		$	125,899		$	137,769

Assets - segment totals	$	1,472,738		$	1,331,929		$	1,285,200
Unallocated corporate assets		279,598			247,438			229,414
Consolidated assets	$	1,752,336		$	1,579,367		$	1,514,614

Capital expenditures - segment totals	$	121,163		$	103,354		$	84,398
Unallocated corporate expenditures		4,629			2,218			2,249
Consolidated capital expenditures	$	125,792		$	105,572		$	86,647

Depreciation and amortization expenses – segment totals	$	77,988		$	76,056		$	78,917
Unallocated corporate depreciation expenses		3,872			2,645			2,198
Consolidated depreciation and amortization expenses	$	81,860		$	78,701		$	81,115

(1)See Note 22 regarding business restructuring costs.

(2)

Unallocated corporate expenses primarily comprise 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.

Summary of company-wide geographic data

Below is certain Company-wide geographic data for the years ended December 31, 2020, 2019 and 2018:

(In thousands)	2020		2019		2018
Net sales ⁽¹⁾
United States	$	1,117,695	$	1,115,993	$	1,193,938
France		141,516		145,933		171,010
Poland		147,289		156,391		170,474
United Kingdom		93,115		96,842		105,732
Brazil		105,639		102,590		100,328
Mexico		100,763		83,160		81,458
All other countries		163,733		157,836		170,917
Total	$	1,869,750	$	1,858,745	$	1,993,857

Long-lived assets ⁽²⁾
United States	$	499,260	$	462,199	$	427,274
Germany		39,759		30,084		29,151
Singapore		25,815		28,741		30,838
Brazil		35,786		46,740		48,427
China		27,300		27,201		29,030
United Kingdom		24,335		21,551		20,225
Mexico		39,482		21,959		18,903
All other countries		42,970		42,280		42,242
Total	$	734,707	$	680,755	$	646,090

(1)

Net sales are attributed to countries based on the location of the Company facility making the sales.

(2)

Includes net property, plant and equipment, goodwill and other intangible assets.