Segment Reporting

The Company has the following reportable segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The Company’s reportable segments represent components of the Company for which separate financial information is available that is utilized on a regular basis by the Chief Executive Officer, the Company's Chief Operating Decision Maker, in determining how to allocate the Company’s resources and evaluate performance.

Performance Alloys and Composites produces strip and bulk form alloy products, strip metal products with clad inlay and overlay metals, beryllium-based metals, beryllium, and aluminum metal matrix composites, in rod, sheet, foil, and a variety of customized forms, beryllia ceramics, and bulk metallic glass materials.

Advanced Materials produces advanced chemicals, microelectric packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal preforms, high temperature braze materials, and ultra-fine wire.

Precision Coatings produces thin film coatings, optical filter materials, sputter-coated, and precision-converted thin film materials.

The Other reportable segment includes unallocated corporate costs and assets.



(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other			Total
First Quarter 2019
Net sales	$	127,113	$	144,025	$	30,303	$	—		$	301,441
Intersegment sales	9		17,213		—		—			17,222
Operating profit (loss)	18,958		7,080		2,077		(6,728		)	21,387
First Quarter 2018
Net sales	$	118,236	$	153,545	$	31,686	$	—		$	303,467
Intersegment sales	28		11,652		—		—			11,680
Operating profit (loss)	9,861		5,898		3,375		(5,883		)	13,251

The following table disaggregates revenue for each segment by end market for the first quarter of 2019 and 2018:



(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
First Quarter 2019
End Market
Consumer Electronics	$	23,210	$	73,700	$	3,734	$	—	$	100,644
Industrial Components	23,850		11,136		2,995		—		37,981
Energy	12,409		23,559		—		—		35,968
Automotive Electronics	18,144		—		—		—		18,144
Defense	12,722		4,764		5,260		—		22,746
Medical	2,760		4,871		17,019		—		24,650
Telecom Infrastructure	10,123		6,466		—		—		16,589
Other	23,895		19,529		1,295		—		44,719
Total	$	127,113	$	144,025	$	30,303	$	—	$	301,441

First Quarter 2018
End Market
Consumer Electronics	$	25,358	$	82,050	$	4,279	$	—	$	111,687
Industrial Components	28,521		13,299		2,492		—		44,312
Energy	7,804		23,436		—		—		31,240
Automotive Electronics	18,970		—		222		—		19,192
Defense	6,622		4,485		4,315		—		15,422
Medical	1,743		4,409		19,070		—		25,222
Telecom Infrastructure	8,094		7,357		59		—		15,510
Other	21,124		18,509		1,249		—		40,882
Total	$	118,236	$	153,545	$	31,686	$	—	$	303,467

Intersegment sales are eliminated in consolidation.