Segment Information (Tables)

6 Months Ended

Jan. 31, 2018

The Company has two reportable segments — electronic chemicals and performance materials. In the fiscal quarter ended April 30, 2017, the Company’s management, including the chief executive officer, who is the chief operating decision maker, determined that the Company’s operations should be reported as the electronic chemicals segment and the performance materials segment. Previously the Company had two reportable segments – electronic chemicals and other chemicals. The performance materials segment includes the Company’s pipeline performance business platform and wood treating chemicals business platform that were previously referred to as the other chemicals segment. The Flowchem and Sealweld businesses acquired in the second half of fiscal year 2017 are included in the performance materials segment.

	Three Months Ended						Six Months Ended
	January 31,						January 31,
	2018			2017			2018			2017
	(Amounts in thousands)						(Amounts in thousands)
Net sales
Electronic chemicals	$	73,924		$	69,766		$	147,732		$	136,688
Performance materials		39,927			9,305			76,783			18,878
Other activities		—			—			—			—
Total consolidated net sales	$	113,851		$	79,071		$	224,515		$	155,566
Depreciation and amortization
Electronic chemicals	$	2,760		$	2,793		$	5,554		$	5,645
Performance materials		4,287			285			8,168			572
Other activities		539			418			973			831
Total consolidated depreciation and amortization	$	7,586		$	3,496		$	14,695		$	7,048
Operating income⁽¹⁾
Electronic chemicals	$	12,730		$	9,583		$	23,988		$	17,644
Performance materials		12,810			3,023			24,394			6,704
Other activities		(3,810	)		(3,566	)		(6,572	)		(6,628	)
Total consolidated operating income		21,730			9,040			41,810			17,720
Total other (expense) income, net		(4,574	)		(457	)		(16,175	)		(404	)
Income before income taxes	$	17,156		$	8,583		$	25,635		$	17,316

(1)	Segment income from operations includes allocated corporate overhead expenses, but excludes restructuring and realignment charges, which are included in other activities.