Segment Reporting

6 Months Ended

Jun. 26, 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
Second Quarter 2020
Net sales	$	101,614	$	150,108	$	19,746	$	—	$	271,468
Intersegment sales	(213)		8,997		—		—		8,784
Operating profit (loss)	8,244		4,370		2,091		(5,999)		8,706
Second Quarter 2019
Net sales	$	135,231	$	133,238	$	29,374	$	—	$	297,843
Intersegment sales	6		19,260		—		—		19,266
Operating profit (loss)	19,328		6,139		3,937		(6,654)		22,750
First Six Months 2020
Net sales	$	200,681	$	310,273	$	38,460	$	—	$	549,414
Intersegment sales	2		18,188		—		—		18,190
Operating profit (loss)	13,035		9,155		(7,501)		(10,546)		4,143
First Six Months 2019
Net sales	$	262,344	$	277,263	$	59,677	$	—	$	599,284
Intersegment sales	15		36,473		—		—		36,488
Operating profit (loss)	38,286		13,219		6,014		(13,382)		44,137

The following table disaggregates revenue for each segment by end market for the second quarter and first six months of 2020 and 2019, respectively:

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
Second Quarter 2020
End Market
Semiconductor	$	1,537	$	123,908	$	232	$	—	$	125,677
Industrial	23,831		8,419		2,574		—		34,824
Aerospace and Defense	17,952		1,650		4,119		—		23,721
Consumer Electronics	9,956		21		3,404		—		13,381
Automotive	16,415		1,186		7		—		17,608
Energy	5,590		9,327		—		—		14,917
Telecom and Data Center	12,586		788		—		—		13,374
Other	13,747		4,809		9,410		—		27,966
Total	$	101,614	$	150,108	$	19,746	$	—	$	271,468
Second Quarter 2019
End Market
Semiconductor	$	1,303	$	101,634	$	93	$	—	$	103,030
Industrial	28,585		7,704		3,842		—		40,131
Aerospace and Defense	26,046		1,125		4,750		—		31,921
Consumer Electronics	22,663		500		4,430		—		27,593
Automotive	16,564		1,669		365		—		18,598
Energy	11,303		16,027		—		—		27,330
Telecom and Data Center	18,244		713		—		—		18,957
Other	10,523		3,866		15,894		—		30,283
Total	$	135,231	$	133,238	$	29,374	$	—	$	297,843

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
First Six Months 2020
End Market
Semiconductor	$	2,443	$	244,727	$	243	$	—	$	247,413
Industrial	47,171		16,781		5,671		—		69,623
Aerospace and Defense	32,158		3,077		9,228		—		44,463
Consumer Electronics	24,651		138		6,946		—		31,735
Automotive	34,579		3,266		24		—		37,869
Energy	11,019		32,795		—		—		43,814
Telecom and Data Center	22,575		1,658		—		—		24,233
Other	26,085		7,831		16,348		—		50,264
Total	$	200,681	$	310,273	$	38,460	$	—	$	549,414
First Six Months 2019
End Market
Semiconductor	$	3,268	$	206,725	$	205	$	—	$	210,198
Industrial	55,015		15,632		7,992		—		78,639
Aerospace and Defense	53,120		2,618		9,622		—		65,360
Consumer Electronics	36,218		705		7,916		—		44,839
Automotive	37,277		3,023		587		—		40,887
Energy	22,397		38,224		—		—		60,621
Telecom and Data Center	35,836		914		—		—		36,750
Other	19,213		9,422		33,355		—		61,990
Total	$	262,344	$	277,263	$	59,677	$	—	$	599,284

Intersegment sales are eliminated in consolidation.