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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Operating Segment | The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and nine months ended September 30, 2024 and 2023, were as follows:
(In thousands) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Segment Net Sales |  |  |  |  |  |  |  |  |  |  |  |
Surfactants |  | $ | 382,724 |  |  | $ | 373,836 |  |  | $ | 1,153,339 |  |  | $ | 1,233,351 |
Polymers |  |  | 149,796 |  |  |  | 169,559 |  |  |  | 455,061 |  |  |  | 495,200 |
Specialty Products |  |  | 14,322 |  |  |  | 18,831 |  |  |  | 46,265 |  |  |  | 65,086 |
Total |  | $ | 546,842 |  |  | $ | 562,226 |  |  | $ | 1,654,665 |  |  | $ | 1,793,637 |
Reconciliation of Segment Information to Income Before Provision for Income Taxes | Segment operating income and reconciliations of segment operating income to income before provision for income taxes for the three and nine months ended September 30, 2024 and 2023, are summarized below:
(In thousands) |  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Segment Operating Income |  |  |  |  |  |  |  |  |  |  |  |
Surfactants |  | $ | 26,303 |  |  | $ | 15,373 |  |  | $ | 69,445 |  |  | $ | 57,570 |
Polymers |  |  | 15,248 |  |  |  | 21,813 |  |  |  | 37,227 |  |  |  | 48,137 |
Specialty Products |  |  | 3,727 |  |  |  | 2,402 |  |  |  | 15,314 |  |  |  | 8,704 |
Segment operating income |  |  | 45,278 |  |  |  | 39,588 |  |  |  | 121,986 |  |  |  | 114,411 |
Business restructuring expense |  |  | — |  |  |  | (5,628 | ) |  |  | — |  |  |  | (5,827 | )
Unallocated corporate expenses (1) |  |  | (21,329 | ) |  |  | (14,443 | ) |  |  | (59,201 | ) |  |  | (50,201 | )
Total operating income |  |  | 23,949 |  |  |  | 19,517 |  |  |  | 62,785 |  |  |  | 58,383 |
Other Income (Expense) |  |  |  |  |  |  |  |  |  |  |  |
Interest, net |  |  | (3,621 | ) |  |  | (2,987 | ) |  |  | (9,353 | ) |  |  | (9,674 | )
Other, net |  |  | 989 |  |  |  | (690 | ) |  |  | 4,551 |  |  |  | 3,348 |
Income before provision for income taxes |  | $ | 21,317 |  |  | $ | 15,840 |  |  | $ | 57,983 |  |  | $ | 52,057 |
(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 are not used to evaluate segment performance. Unallocated corporate expenses for the three and nine month periods ended September 30, 2024 also include expenses related to a criminal social engineering scheme that impacted one of the Company's subsidiaries in Asia. The social engineering expenses recognized for the three and nine month periods ended September 30, 2024 were $3,300,000 and $6,800,000, respectively. See Note 17, Other Matter, below for detailed information about the charge.

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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