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Financial Information by Segment (Tables)

9 Months Ended

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

X

- 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.

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