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Business Segment Information
 12 Months Ended
Nov. 30, 2018
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
 
The Company's two reporting segments are Specialty Solutions and Performance Materials. These two reporting segments were determined based on products and services provided as defined under FASB Accounting Standards Codification ("ASC") 280, Segment Reporting. Accounting policies of the segments are the same as the Company’s accounting policies. The Company’s reporting segments are strategic business units that offer different products and services. They are managed separately based on certain differences in their operations, technology, and marketing strategies.

Segment operating profit represents net sales less applicable costs, expenses and provisions for restructuring and severance costs, asset write-offs and acquisition and integration related expenses relating to operations. However, Management excludes restructuring and severance costs, asset write-offs and acquisition and integration related costs when evaluating the results and allocating resources to the segments.
 
Segment operating profit excludes certain unallocated corporate headquarters expenses. Corporate headquarters expense includes the cost of providing and maintaining the corporate headquarters functions, including salaries, rent, travel and entertainment expenses, depreciation, utility costs, outside services and amortization of deferred financing costs.

In 2019, segment operating profit for Specialty Solutions includes restructuring and severance charges of $0.4 million and acquisition integration related expense of $0.3 million, while Performance Materials segment operating profit includes restructuring and severance charges of $2.2 million, asset impairment and facility closure costs of $10.7 million, gain on sale of assets of $4.4 million, and accelerated depreciation of $1.1 million.
 
In 2018, segment operating profit for Specialty Solutions includes restructuring and severance charges of $0.7 million, and asset impairment and facility closure costs of $1.1 million, acquisition integration related expense of $1.8 million, and accelerated depreciation expense of $0.1 million while Performance Materials segment operating profit includes restructuring and severance charges of $1.1 million, asset impairment and facility closure costs of $14.3 million, accelerated depreciation of $1.1 million and environmental costs of $0.2 million.

In 2017, segment operating profit for Specialty Solutions includes restructuring and severance charges of $0.6 million, and asset impairment and facility closure costs and other of $0.3 million, while Performance Materials segment operating profit includes restructuring and
severance charges of $1.7 million, asset impairment and facility closure costs of $33.6 million, and a reduction in environmental costs of $2.0 million.

The following table summarizes operations by segment and a reconciliation of segment sales to consolidated sales and segment operating profit to income (loss) before income taxes:
 
2019
 
2018
 
2017
 
(Dollars in millions)
Net Sales
 
 
 
 
 
Specialty Solutions
$
513.0

 
$
487.6

 
$
441.4

Performance Materials
223.2

 
282.2

 
341.7

Total Net Sales
$
736.2

 
$
769.8

 
$
783.1

Segment Operating Profit
 
 
 
 
 
Specialty Solutions
$
66.2

 
$
70.7

 
$
59.9

Performance Materials
(15.8
)
 
(9.8
)
 
(12.6
)
Total segment operating profit
50.4

 
60.9

 
47.3

Interest expense
(20.0
)
 
(19.3
)
 
(21.5
)
Corporate expenses
(21.1
)
 
(24.0
)
 
(24.5
)
Realized foreign currency translation losses
(17.9
)
 
—

 
—

Merger transaction costs
(9.4
)
 
—

 
—

Corporate severance
(0.3
)
 
(0.9
)
 
(2.9
)
Operational improvement costs
(0.3
)
 
—

 
—

Asset impairments
(0.1
)
 
(0.1
)
 
(1.8
)
Acquisition and integration related expense
0.1

 
(2.2
)
 
(0.3
)
Gain (loss) on sale of assets
(0.2
)
 
0.9

 
—

Debt issuance costs write-off
(0.2
)
 
(0.8
)
 
—

Pension settlement
—

 
—

 
(0.4
)
Income (Loss) Before Income Taxes
$
(19.0
)
 
$
14.5

 
$
(4.1
)


 
2019
 
2018
 
2017
 
(Dollars in millions)
Capital Expenditures:
 
 
 
 
 
Specialty Solutions
$
23.2

 
$
16.9

 
$
13.4

Performance Materials
8.2

 
6.0

 
10.9

Corporate
1.7

 
0.9

 
0.8

 
$
33.1

 
$
23.8

 
$
25.1

Depreciation and Amortization:
 
 
 
 
 
Specialty Solutions
$
19.6

 
$
17.6

 
$
14.5

Performance Materials
11.3

 
12.4

 
11.4

Corporate
0.4

 
0.2

 
2.0

 
$
31.3

 
$
30.2

 
$
27.9



The Company does not disclose assets by business segment as the Chief Operating Decision Maker ("CODM"), its Chief Executive Officer ("CEO"), does not use this information to make decisions, assess performance or allocate resources by business segment.

GEOGRAPHIC INFORMATION
 
2019
 
2018
 
2017
 
(Dollars in millions)
Net Sales:
 
 
 
 
 
Americas
$
428.2

 
$
449.6

 
$
481.7

Europe
200.1

 
164.0

 
141.4

Asia
107.9

 
156.2

 
160.0

 
$
736.2

 
$
769.8

 
$
783.1

Segment Operating Profit:
 
 
 
 
 
Americas
$
28.7

 
$
37.1

 
$
38.4

Europe
15.0

 
18.6

 
17.4

Asia
6.7

 
5.2

 
(8.5
)
 
$
50.4

 
$
60.9

 
$
47.3

Total Assets:
 
 
 
 
 
Americas
$
237.7

 
$
246.4

 
$
313.5

Europe
233.5

 
261.1

 
205.9

Asia
84.9

 
81.7

 
93.4

 
$
556.1

 
$
589.2

 
$
612.8

Long-Lived Assets:
 
 
 
 
 
Americas
$
124.1

 
$
115.7

 
$
124.7

Europe
57.8

 
61.1

 
49.8

Asia
27.1

 
29.0

 
34.4

 
$
209.0

 
$
205.8

 
$
208.9