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Segment Reporting | 12 Months Ended
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Dec. 31, 2013
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Segment Reporting | Segment Reporting We operate in two reportable segments: Industrial Materials and Engineered Solutions. Industrial Materials. Our Industrial Materials segment manufactures and delivers high quality graphite electrodes, refractory products and needle coke products. Electrodes are key components of the conductive power systems used to produce steel and other non-ferrous metals. Refractory products are used in blast furnaces and submerged arc furnaces due to their high thermal conductivity and the ease with which they can be machined to large or complex shapes. Needle coke, a crystalline form of carbon derived from decant oil, is the key ingredient in, and is used primarily in, the production of graphite electrodes. Engineered Solutions. The Engineered Solutions segment includes advanced electronics technologies, advanced graphite materials, advanced composite materials and advanced materials. Advanced electronics technologies products consist of electronic thermal management solutions, fuel cell components, and sealing materials. Advanced graphite materials are highly engineered synthetic graphite products used in many areas due to their unique properties and the ability to tailor them to specific solutions. These products are used in transportation, alternative energy, metallurgical, chemical, oil and gas exploration and various other industries. Advanced composite materials are highly engineered carbon products that are woven into various shapes to primarily support the aerospace and defense industries. Advanced materials use carbon and graphite powders as components or additives in a variety of industries, including metallurgical processing, battery and fuel cell components, and polymer additives. We continue to evaluate the performance of our segments based on segment operating income. Intersegment sales and transfers are not material and the accounting policies of the reportable segments are the same as those for our Consolidated Financial Statements as a whole. Corporate expenses are allocated to segments based on each segment’s percentage of consolidated sales. The following tables summarize financial information concerning our reportable segments:
| For the year Ended December 31,
2011 |  | 2012 |  | 2013
| (Dollars in thousands)
Net sales to external customers: |  |  |  |  |
Industrial Materials | $ | 1,132,194 |  |  | $ | 1,025,571 |  |  | $ | 909,448 |
Engineered Solutions | 187,990 |  |  | 222,693 |  |  | 257,226 |
Total net sales | $ | 1,320,184 |  |  | $ | 1,248,264 |  |  | $ | 1,166,674 |
Segment operating income: |  |  |  |  |
Industrial Materials | $ | 158,547 |  |  | $ | 143,268 |  |  | $ | (22,452 | )
Engineered Solutions | 7,462 |  |  | 13,200 |  |  | 19,882 |
Total segment operating income | $ | 166,009 |  |  | $ | 156,468 |  |  | $ | (2,570 | )
Reconciliation of segment operating income to income from continuing operations before provision for income taxes |  |  |  |  |
Other expense (income), net | 4,835 |  |  | (1,005 | ) |  | 1,698 |
Interest expense | 18,307 |  |  | 23,247 |  |  | 36,037 |
Interest income | (424 | ) |  | (261 | ) |  | (203 | )
Income (loss) before provision for income taxes | $ | 143,291 |  |  | $ | 134,487 |  |  | $ | (40,102 | )
Assets are managed based on geographic location because certain reportable segments share certain facilities. Assets by reportable segment are estimated based on the value of long-lived assets at each location and the activities performed at the location.
| At December 31,
| 2012 |  | 2013
| (Dollars in thousands)
Long-lived assets (a): |  |  |
Industrial Materials. | $ | 633,205 |  |  | $ | 601,322 |
Engineered Solutions | 200,702 |  |  | 219,663 |
Total long-lived assets | $ | 833,907 |  |  | $ | 820,985 |
The following tables summarize information as to our operations in different geographic areas.
| For the year Ended December 31,
2011 |  | 2012 |  | 2013
| (Dollars in thousands)
Net sales: |  |  |  |  |
U.S. | $ | 353,416 |  |  | $ | 372,014 |  |  | $ | 289,866 |
Americas | 252,316 |  |  | 195,748 |  |  | 177,602 |
Asia Pacific | 240,220 |  |  | 235,658 |  |  | 220,945 |
Europe, Middle East, Africa | 474,232 |  |  | 444,844 |  |  | 478,261 |
Total | $ | 1,320,184 |  |  | $ | 1,248,264 |  |  | $ | 1,166,674 |
| At December 31,
2012 |  | 2013
(Dollars in thousands)
Long-lived assets (a): |  |  |
U.S. and Canada | $ | 523,818 |  |  | $ | 540,274 |
Mexico | 79,279 |  |  | 83,428 |
Brazil | 47,593 |  |  | 26,008 |
France | 55,792 |  |  | 61,264 |
Spain | 78,392 |  |  | 82,051 |
South Africa | 36,937 |  |  | 16,408 |
Switzerland | 4,829 |  |  | 4,618 |
Other countries | 7,267 |  |  | 6,934 |
Total | $ | 833,907 |  |  | $ | 820,985 |
(a) | Long-lived assets represent fixed assets, net of accumulated depreciation.

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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