Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table presents information about reportable segments for the three and six months ended June 30, 2012 and 2011.



Statement of operations data:	Three Months Ended						Six Months Ended
(in thousands)	June 30,						June 30,
	2012			2011			2012			2011
Net Sales:
Precious Metal	$	49,576		$	54,051		$	97,414		$	98,697
Tubing	25,905			24,474			51,697			48,873
Engineered Materials	77,014			74,168			134,127			123,562
Arlon	21,703			21,813			41,708			43,842
Kasco	13,015			12,947			26,403			25,808
Total net sales	$	187,213		$	187,453		$	351,349		$	340,782
Segment operating income:
Precious Metal	7,803			5,612			13,417			10,114
Tubing	4,574			3,292			8,119			7,573
Engineered Materials	10,413			10,050			14,945			12,188
Arlon (a)	3,970			2,513			6,498			4,649
Kasco	852			961			2,009			2,070
Total segment operating income	27,612			22,428			44,988			36,594
Unallocated corporate expenses & non operating units (b)	(5,521		)	(4,473		)	(10,831		)	(9,225		)
Unallocated pension expense	(652		)	(1,125		)	(1,264		)	(2,250		)
Gain on disposal of assets	26			44			49			44
Operating income	21,465			16,874			32,942			25,163
Interest expense	(4,350		)	(3,297		)	(8,199		)	(7,626		)
Realized and unrealized gain on derivatives	1,612			5,019			2,510			855
Other (expenses) income	(152		)	(26		)	(196		)	5
Income from continuing operations before income taxes	$	18,575		$	18,570		$	27,057		$	18,397


a)	The segment operating income of the Arlon segment for the six months ended June 30, 2011 includes an asset impairment charge of $0.7 million to write down unused land located in Rancho Cucamonga, California to fair value.


b)	The segment operating income for the six months ended June 30, 2011 has been adjusted by $0.4 million of non-cash restricted stock expense to be comparable with the 2012 presentation. Such restricted stock expense is presented in both years as an unallocated corporate expense.

- 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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