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Segment Reporting | 9 Months Ended
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Sep. 30, 2017
Segment Reporting Information, Revenue for Reportable Segment [Abstract] |
Segment Reporting | Segment Reporting We previously operated two reportable business segments, Industrial Materials and Engineered Solutions. During 2016 the Company decided to sell the businesses that comprised our Engineered Solutions segment to focus on our Industrial Materials segment. During the second quarter of 2016 the Engineered Solutions segment qualified as held for sale status and as such the related results have been excluded from continuing operations. See Note 2 "Discontinued Operations and Assets Held for Sale" for significant components of the results of our Engineered Solutions segment. 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. Information concerning our reportable segment is as follows:
| For the Three Months Ended September 30, |  | For the Nine Months Ended September 30,
| 2016 |  | 2017 |  | 2016 |  | 2017
| (Dollars in thousands)
Net sales to external customers: |  |  |  |  |  |  |
Industrial Materials | $ | 111,590 |  |  | $ | 137,245 |  |  | $ | 322,530 |  |  | $ | 358,298 |
Operating (loss) income: |  |  |  |  |  |  |
Industrial Materials | (14,238 | ) |  | 8,308 |  |  | (50,776 | ) |  | 4,218 |
Corporate, R&D and Other expenses | (5,413 | ) |  | (6,407 | ) |  | (18,908 | ) |  | (17,203 | )
Total operating (loss) income | $ | (19,651 | ) |  | $ | 1,901 |  |  | $ | (69,684 | ) |  | $ | (12,985 | )
Reconciliation of segment operating loss to loss before provision for income taxes |  |  |  |  |  |  |
Other expense (income), net | $ | (567 | ) |  | $ | (643 | ) |  | $ | (1,528 | ) |  | $ | 3,610 |
Interest expense | 6,964 |  |  | 7,792 |  |  | 19,860 |  |  | 23,240 |
Interest income | (158 | ) |  | (58 | ) |  | (169 | ) |  | (320 | )
Loss from continuing operations before provision for income taxes | $ | (25,890 | ) |  | $ | (5,190 | ) |  | $ | (87,847 | ) |  | $ | (39,515 | )

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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- References No definition available. + Details
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