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Segment Reporting and Geographic Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Segment Reporting and Geographic Information Segment Reporting and Geographic Information
The Company has the following operating segments: Performance Alloys and Composites, Advanced Materials, Precision Optics, and Other. The Company’s operating 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. The segments are determined based on several factors, including the availability of discrete financial information and the Company’s organizational and management structure.
Performance Alloys and Composites provides advanced engineered solutions comprised of beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes.
Advanced Materials produces advanced chemicals, microelectronics 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 Optics 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.
Financial information for reportable segments was as follows:
(Thousands)Performance
Alloys and
Composites		Advanced MaterialsPrecision OpticsOtherTotal
2021
Net sales$511,874 $866,816 $131,954 $— $1,510,644 
Intersegment sales172 13,880 — — 14,052 
Operating profit (loss)67,908 35,330 14,185 (40,312)77,111 
Depreciation, depletion, and amortization21,685 9,602 10,883 1,967 44,137 
Expenditures for long-lived assets82,987 10,780 7,523 1,620 102,910 
Total assets636,182 653,595 252,711 64,991 1,607,479 
2020
Net sales$394,195 $670,867 $111,212 $— $1,176,274 
Intersegment sales6 35,912 — — 35,918 
Operating profit (loss)13,597 22,120 (4,382)(23,120)8,215 
Depreciation, depletion, and amortization25,782 8,061 6,564 1,977 42,384 
Expenditures for long-lived assets53,841 9,003 908 3,522 67,274 
Total assets477,892 251,637 268,004 60,327 1,057,860 
2019
Net sales$500,201 $573,763 $111,460 $— $1,185,424 
Intersegment sales38 70,047 — — 70,085 
Operating profit (loss)73,815 25,124 (3,550)(24,843)70,546 
Depreciation, depletion, and amortization24,437 8,955 5,695 2,029 41,116 
Expenditures for long-lived assets15,520 7,572 1,045 2,391 26,528 
Total assets442,885 214,961 78,981 161,603 898,430 
Intersegment sales are eliminated in consolidation.
The primary measure used in evaluating segment performance is operating profit. Segment assets are evaluated based upon a return on invested capital metric, which includes inventory, accounts receivable, and property, plant, and equipment.
A reconciliation of total segment operating profit to total consolidated income before income taxes is as follows:
(Thousands)202120202019
Total operating profit for reportable segments$77,111 $8,215 $70,546 
Other non-operating (income) expense - net(5,115)(3,939)3,431 
Interest expense - net4,901 3,879 1,579 
Income before income taxes$77,325 $8,275 $65,536 
Other geographic information includes the following:
(Thousands)202120202019
Net sales
United States$794,862 $641,727 $743,345 
Asia426,303 329,968 256,114 
Europe270,213 189,281 169,132 
All other19,266 15,298 16,833 
Total$1,510,644 $1,176,274 $1,185,424 
Property, plant, and equipment, net by country deployed
United States$327,969 $223,340 $194,596 
All other81,006 86,346 37,680 
Total$408,975 $309,686 $232,276 

International sales include sales from international operations and direct exports from our U.S. operations. No individual country, other than the United States, or customer accounted for 10% or more of the Company’s net sales for the years presented.
The following table disaggregates revenue for each segment by end market for 2021 and 2020:
 (Thousands)Performance Alloys and CompositesAdvanced MaterialsPrecision OpticsOtherTotal
2021
End Market
Semiconductor$8,481 $683,085 $2,572 $— $694,138 
Industrial123,337 45,025 32,779 — 201,141 
Aerospace and Defense86,046 5,509 23,622 — 115,177 
Consumer Electronics41,694 1,184 32,485 — 75,363 
Automotive105,466 7,321 8,356 — 121,143 
Energy23,913 99,330 — — 123,243 
Telecom and Data Center53,510 173 — — 53,683 
Other69,427 25,189 32,140 — 126,756 
    Total$511,874 $866,816 $131,954 $— $1,510,644 
2020
End Market
Semiconductor$4,626 $526,553 $456 $— $531,635 
Industrial90,884 38,052 18,096 — 147,032 
Aerospace and Defense67,173 6,241 19,539 — 92,953 
Consumer Electronics47,983 479 21,566 — 70,028 
Automotive66,489 6,262 3,532 — 76,283 
Energy20,587 75,768 — — 96,355 
Telecom and Data Center44,313 2,183 — — 46,496 
Other52,140 15,329 48,023 — 115,492 
    Total$394,195 $670,867 $111,212 $— $1,176,274