Segment Reporting

3 Months Ended

Mar. 27, 2020

Segment Reporting [Abstract]

Segment Reporting

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 2020
Net sales	$	99,067	$	160,165	$	18,714		$	—		$	277,946
Intersegment sales	215		9,191		—			—			9,406
Operating profit (loss)	4,791		4,785		(9,592		)	(4,547		)	(4,563		)
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

The following table disaggregates revenue for each segment by end market for the first quarter of 2020 and 2019:

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
First Quarter 2020
End Market
Semiconductor	$	906	$	120,819	$	11	$	—	$	121,736
Industrial	23,340		8,362		3,097		—		34,799
Aerospace and Defense	14,206		1,426		5,109		—		20,741
Consumer Electronics	14,695		118		3,541		—		18,354
Automotive	18,163		2,080		17		—		20,260
Energy	5,429		23,468		—		—		28,897
Telecom and Data Center	9,989		871		—		—		10,860
Other	12,339		3,021		6,939		—		22,299
Total	$	99,067	$	160,165	$	18,714	$	—	$	277,946
First Quarter 2019
End Market
Semiconductor	$	1,965	$	105,090	$	112	$	—	$	107,167
Industrial	26,430		7,928		4,150		—		38,508
Aerospace and Defense	27,074		1,493		4,871		—		33,438
Consumer Electronics	13,555		205		3,486		—		17,246
Automotive	20,713		1,353		221		—		22,287
Energy	11,094		22,197		—		—		33,291
Telecom and Data Center	17,592		202		—		—		17,794
Other	8,690		5,557		17,463		—		31,710
Total	$	127,113	$	144,025	$	30,303	$	—	$	301,441

Intersegment sales are eliminated in consolidation.