Segment Reporting

9 Months Ended

Sep. 25, 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
Third Quarter 2020
Net sales	$	91,203	$	165,582	$	30,386	$	—	$	287,171
Intersegment sales	—		6,602		—		—		6,602
Operating profit (loss)	721		5,920		1,421		(7,349)		713
Third Quarter 2019
Net sales	$	130,704	$	147,650	$	27,625	$	—	$	305,979
Intersegment sales	—		17,161		—		—		17,161
Operating profit (loss)	18,780		6,202		(11,198)		(7,495)		6,289
First Nine Months 2020
Net sales	$	291,884	$	475,855	$	68,846	$	—	$	836,585
Intersegment sales	2		24,790		—		—		24,792
Operating profit (loss)	13,756		15,075		(6,080)		(17,895)		4,856
First Nine Months 2019
Net sales	$	393,048	$	424,913	$	87,302	$	—	$	905,263
Intersegment sales	15		53,634		—		—		53,649
Operating profit (loss)	57,066		19,421		(5,184)		(20,877)		50,426

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

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
Third Quarter 2020
End Market
Semiconductor	$	983	$	131,380	$	1,008	$	—	$	133,371
Industrial	21,630		9,967		4,976		—		36,573
Aerospace and Defense	14,740		1,687		4,867		—		21,294
Consumer Electronics	11,074		78		6,550		—		17,702
Automotive	14,077		1,477		1,059		—		16,613
Energy	5,825		16,693		—		—		22,518
Telecom and Data Center	10,452		500		—		—		10,952
Other	12,422		3,800		11,926		—		28,148
Total	$	91,203	$	165,582	$	30,386	$	—	$	287,171
Third Quarter 2019
End Market
Semiconductor	$	1,220	$	107,883	$	—	$	—	$	109,103
Industrial	28,353		8,302		3,365		—		40,020
Aerospace and Defense	27,653		1,779		5,303		—		34,735
Consumer Electronics	18,399		395		5,613		—		24,407
Automotive	16,071		3,012		296		—		19,379
Energy	10,629		20,911		—		—		31,540
Telecom and Data Center	14,964		835		—		—		15,799
Other	13,415		4,533		13,048		—		30,996
Total	$	130,704	$	147,650	$	27,625	$	—	$	305,979

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Coatings		Other		Total
First Nine Months 2020
End Market
Semiconductor	$	3,426	$	376,107	$	1,251	$	—	$	380,784
Industrial	68,801		26,748		10,647		—		106,196
Aerospace and Defense	46,898		4,764		14,095		—		65,757
Consumer Electronics	35,725		216		13,496		—		49,437
Automotive	48,656		4,743		1,083		—		54,482
Energy	16,844		49,488		—		—		66,332
Telecom and Data Center	33,027		2,158		—		—		35,185
Other	38,507		11,631		28,274		—		78,412
Total	$	291,884	$	475,855	$	68,846	$	—	$	836,585
First Nine Months 2019
End Market
Semiconductor	$	4,489	$	314,607	$	205	$	—	$	319,301
Industrial	83,368		23,934		11,358		—		118,660
Aerospace and Defense	80,774		4,397		14,924		—		100,095
Consumer Electronics	54,617		1,100		13,530		—		69,247
Automotive	53,348		6,035		882		—		60,265
Energy	33,026		59,136		—		—		92,162
Telecom and Data Center	50,800		1,749		—		—		52,549
Other	32,626		13,955		46,403		—		92,984
Total	$	393,048	$	424,913	$	87,302	$	—	$	905,263

Intersegment sales are eliminated in consolidation.