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Segment Reporting | 9 Months Ended
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Sep. 30, 2016
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Segment Reporting | Segment Reporting We operate two reportable business segments: Industrial Materials and Engineered Solutions. On February 26, 2016, the Company announced plans to realign its business segments (see Note 1A "Organization and Summary of Significant Accounting Policies"). As a result of this realignment, our refractory product line was moved from the Industrial Materials business segment to the Engineered Solutions business segment. Additionally, advanced materials products will now be a part of the business segment where these products are produced. All prior period amounts have been recast to reflect this change. Our business segments now consist of the following: Industrial Materials. Our Industrial Materials segment manufactures and delivers high quality graphite electrodes and needle coke products. Electrodes are key components of the conductive power systems used to produce steel and other non-ferrous metals. 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 refractory products. 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 primarily to support the aerospace and defense industries. 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. During the second quarter of 2016, our Engineered Solutions segment qualified as held for sale status and as such our Engineered Solution's results have been excluded from continuing operations. See Note 3 "Discontinued Operations and Assets Held for Sale" for significant components of the results of our Engineered Solutions segment. The following tables summarize financial information concerning our reportable segments and all prior periods have been recast to reflect our new segmentation:
| Predecessor |  | Successor
| For the Period July 1 Through August 14, 2015 |  | For the Period August 15 Through September 30, 2015 |  | For the Three Months Ended September 30, 2016
| (Dollars in thousands)
Net sales to external customers: |  |  |  |  |
Industrial Materials | $ | 51,604 |  |  | $ | 74,774 |  |  | $ | 111,590 |
Operating (loss) income: |  |  |  |  |
Industrial Materials | (2,588 | ) |  | 2,918 |  |  | (14,238 | )
Corporate, R&D and Other expenses | (18,472 | ) |  | (3,216 | ) |  | (5,413 | )
Total operating loss | $ | (21,060 | ) |  | $ | (298 | ) |  | $ | (19,651 | )
Reconciliation of segment operating loss to loss before provision for income taxes |  |  |  |  |
Other expense (income), net | $ | 269 |  |  | $ | 703 |  |  | $ | (567 | )
Interest expense | 8,790 |  |  | 3,349 |  |  | 6,964 |
Interest income | (22 | ) |  | (21 | ) |  | (158 | )
Loss from continuing operations before provision for income taxes | $ | (30,097 | ) |  | $ | (4,329 | ) |  | $ | (25,890 | )
| Predecessor |  | Successor
| For the Period January 1 Through August 14, 2015 |  | For the Period August 15 Through September 30, 2015 |  | For the Nine Months Ended September 30, 2016
| 2015 |  |  |  | 2016
| (Dollars in thousands)
Net sales to external customers: |  |  |  |  |
Industrial Materials | $ | 339,907 |  |  | $ | 74,774 |  |  | $ | 322,530 |
Operating (loss) income: |  |  |  |  |
Industrial Materials | (24,900 | ) |  | 2,918 |  |  | (50,776 | )
Corporate, R&D and Other expenses | (43,349 | ) |  | (3,216 | ) |  | (18,908 | )
Total operating loss | $ | (68,249 | ) |  | $ | (298 | ) |  | $ | (69,684 | )
Reconciliation of segment operating loss to loss before provision for income taxes |  |  |  |  |
Other expense (income), net | $ | 1,421 |  |  | $ | 703 |  |  | $ | (1,528 | )
Interest expense | 26,211 |  |  | 3,349 |  |  | 19,860 |
Interest income | (363 | ) |  | (21 | ) |  | (169 | )
Loss from continuing operations before provision for income taxes | $ | (95,518 | ) |  | $ | (4,329 | ) |  | $ | (87,847 | )

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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 Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: 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=51669610&loc=d3e9038-108599 Reference 3: 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=51669610&loc=d3e8971-108599 Reference 4: 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=51669610&loc=d3e8595-108599 Reference 5: 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=51669610&loc=d3e8380-108599 Reference 6: 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=51669610&loc=d3e8933-108599 Reference 7: 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=51669610&loc=d3e8844-108599 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=51669610&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 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: 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=51669610&loc=d3e9054-108599 Reference 11: 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=51669610&loc=d3e8538-108599 Reference 12: 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=51669610&loc=d3e8864-108599 Reference 13: 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=51669610&loc=d3e8924-108599 Reference 14: 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=51669610&loc=d3e8906-108599 + Details
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