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Business Segment Information (Tables)
6 Months Ended
May 31, 2012
Summary of Operations by Segment and Reconciliation of Segment Sales

The following table sets forth a summary of operations by segment and a reconciliation of segment sales to consolidated sales and segment operating profit (loss) to consolidated income from continuing operations before income taxes.

 

     Three Months Ended
May 31,
    Six Months Ended
May 31,
 
(in Millions)    2012     2011     2012     2011  

Net Sales

        

Performance Chemicals

        

Paper and Carpet Chemicals

   $ 90.5     $ 94.6     $ 177.0     $ 181.7  

Specialty Chemicals

     147.4       150.9       279.3       276.6  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Performance Chemicals

   $ 237.9     $ 245.5     $ 456.3     $ 458.3  
  

 

 

   

 

 

   

 

 

   

 

 

 

Decorative Products

        

Coated Fabrics

   $ 33.2     $ 31.1     $ 63.3     $ 60.0  

Laminates and Performance Films

     36.4       36.2       63.8       66.4  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Decorative Products

   $ 69.6     $ 67.3     $ 127.1     $ 126.4  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Net Sales

   $ 307.5     $ 312.8     $ 583.4     $ 584.7  
  

 

 

   

 

 

   

 

 

   

 

 

 

Segment Operating Profit (Loss)

        

Performance Chemicals

   $ 23.4     $ 23.9     $ 49.1     $ 45.3  

Decorative Products

     1.3       1.4       3.8       .4  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total Segment Operating Profit

     24.7       25.3       52.9       45.7  

Interest expense

     (9.5     (9.6     (19.0     (18.9

Corporate expense

     (5.4     (3.3     (9.9     (7.4

Acquisition and integration costs

     —          (.8     —          (2.7

Write-off of deferred financing fees

     —          —          —          (1.0
  

 

 

   

 

 

   

 

 

   

 

 

 

Income From Continuing Operations Before Income Taxes

   $ 9.8     $ 11.6     $ 24.0     $ 15.7