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Financial Information by Segment (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Schedule of the Relative Size of Revenue Recognized in each Reportable Segment | The following table shows the percent of revenue recognized in each of the Company’s reportable segment:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Rubber | 62 | % |  | 63 | % |  | 61 | % |  | 61 | %
Specialty | 38 | % |  | 37 | % |  | 39 | % |  | 39 | %
Schedule of Segment Reconciliation | Segment reconciliation for the three months ended September 30, 2021 and 2020:
| Rubber |  | Specialties |  | Corporate |  | Total Segments
| (In thousands)
2021 |  |  |  |  |  |  |
Net sales from external customers | $ | 242,848 |  |  | $ | 150,218 |  |  | $ | — |  |  | $ | 393,066 |
Adjusted EBITDA | $ | 27,386 |  |  | $ | 39,030 |  |  | $ | — |  |  | $ | 66,416 |
Corporate charges | — |  |  | — |  |  | (2,188) |  |  | (2,188) |
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | (13,333) |  |  | (10,477) |  |  | — |  |  | (23,810) |
Excluding equity in earnings of affiliated companies, net of tax | (143) |  |  | — |  |  | — |  |  | (143) |
Interest and other financial expense, net |  |  |  |  | (11,456) |  |  | (11,456) |
Reclassification of actuarial losses from AOCI |  |  |  |  | (1,197) |  |  | (1,197) |
Income before earnings in affiliated companies and income taxes |  |  |  |  |  |  | $ | 27,622 |
2020 |  |  |  |  |  |  |
Net sales from external customers | $ | 178,406 |  |  | $ | 103,630 |  |  | $ | — |  |  | $ | 282,036 |
Adjusted EBITDA | $ | 28,525 |  |  | $ | 26,477 |  |  | $ | — |  |  | $ | 55,002 |
Corporate charges | — |  |  | — |  |  | (6,715) |  |  | (6,715) |
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | (13,828) |  |  | (10,171) |  |  | — |  |  | (23,999) |
Excluding equity in earnings of affiliated companies, net of tax | (141) |  |  | — |  |  | — |  |  | (141) |
Interest and other financial expense, net |  |  |  |  | (10,768) |  |  | (10,768) |
Reclassification of actuarial losses from AOCI |  |  |  |  | (2,273) |  |  | (2,273) |
Income before earnings in affiliated companies and income taxes |  |  |  |  |  |  | $ | 11,106 |
Segment reconciliation for the nine months ended September 30, 2021 and 2020:
| Rubber |  | Specialties |  | Corporate |  | Total Segments
| (In thousands)
2021 |  |  |  |  |  |  |
Net sales from external customers | $ | 703,499 |  |  | $ | 450,620 |  |  | $ | — |  |  | $ | 1,154,119 |
Adjusted EBITDA | $ | 98,016 |  |  | $ | 118,066 |  |  | $ | — |  |  | $ | 216,082 |
Corporate charges | — |  |  | — |  |  | (8,190) |  |  | (8,190) |
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | (41,726) |  |  | (32,884) |  |  | — |  |  | (74,610) |
Gain related to litigation settlement |  |  |  |  | 82,858 |  |  | 82,858 |
Excluding equity in earnings of affiliated companies, net of tax | (536) |  |  | — |  |  | — |  |  | (536) |
Interest and other financial expense, net |  |  |  |  | (30,366) |  |  | (30,366) |
Reclassification of actuarial losses from AOCI |  |  |  |  | (3,649) |  |  | (3,649) |
Income before earnings in affiliated companies and income taxes |  |  |  |  |  |  | $ | 181,589 |
2020 |  |  |  |  |  |  |
Net sales from external customers | $ | 502,895 |  |  | $ | 317,796 |  |  | $ | — |  |  | $ | 820,691 |
Adjusted EBITDA | $ | 63,060 |  |  | $ | 71,024 |  |  | $ | — |  |  | $ | 134,084 |
Corporate charges | — |  |  | — |  |  | (15,126) |  |  | (15,126) |
Depreciation and amortization of intangible assets, right of use assets, and property, plant and equipment | (41,382) |  |  | (28,339) |  |  | — |  |  | (69,721) |
Excluding equity in earnings of affiliated companies, net of tax | (426) |  |  | — |  |  | — |  |  | (426) |
Interest and other financial expense, net |  |  |  |  | (28,656) |  |  | (28,656) |
Reclassification of actuarial losses from AOCI |  |  |  |  | (7,325) |  |  | (7,325) |
Income before earnings in affiliated companies and income taxes |  |  |  |  |  |  | $ | 12,830 |

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