Segment Reporting and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Reportable Segments

Financial information for reportable segments was as follows:

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Optics		Other		Total
2021
Net sales	$	511,874	$	866,816	$	131,954	$	—	$	1,510,644
Intersegment sales	172		13,880		—		—		14,052
Operating profit (loss)	67,908		35,330		14,185		(40,312)		77,111
Depreciation, depletion, and amortization	21,685		9,602		10,883		1,967		44,137
Expenditures for long-lived assets	82,987		10,780		7,523		1,620		102,910
Total assets	636,182		653,595		252,711		64,991		1,607,479
2020
Net sales	$	394,195	$	670,867	$	111,212	$	—	$	1,176,274
Intersegment sales	6		35,912		—		—		35,918
Operating profit (loss)	13,597		22,120		(4,382)		(23,120)		8,215
Depreciation, depletion, and amortization	25,782		8,061		6,564		1,977		42,384
Expenditures for long-lived assets	53,841		9,003		908		3,522		67,274
Total assets	477,892		251,637		268,004		60,327		1,057,860
2019
Net sales	$	500,201	$	573,763	$	111,460	$	—	$	1,185,424
Intersegment sales	38		70,047		—		—		70,085
Operating profit (loss)	73,815		25,124		(3,550)		(24,843)		70,546
Depreciation, depletion, and amortization	24,437		8,955		5,695		2,029		41,116
Expenditures for long-lived assets	15,520		7,572		1,045		2,391		26,528
Total assets	442,885		214,961		78,981		161,603		898,430

Intersegment sales are eliminated in consolidation.

Reconciliation of Total Segment Operating Profit

A reconciliation of total segment operating profit to total consolidated income before income taxes is as follows:

(Thousands)	2021		2020		2019
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 - net	4,901		3,879		1,579
Income before income taxes	$	77,325	$	8,275	$	65,536

Sales and Long-Lived Assets Attributed to Countries Based Upon the Location of Customers

Other geographic information includes the following:

(Thousands)	2021		2020		2019
Net sales
United States	$	794,862	$	641,727	$	743,345
Asia	426,303		329,968		256,114
Europe	270,213		189,281		169,132
All other	19,266		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 other	81,006		86,346		37,680
Total	$	408,975	$	309,686	$	232,276

Disaggregation of Revenue by Segment

The following table disaggregates revenue for each segment by end market for 2021 and 2020:

(Thousands)	Performance Alloys and Composites		Advanced Materials		Precision Optics		Other		Total
2021
End Market
Semiconductor	$	8,481	$	683,085	$	2,572	$	—	$	694,138
Industrial	123,337		45,025		32,779		—		201,141
Aerospace and Defense	86,046		5,509		23,622		—		115,177
Consumer Electronics	41,694		1,184		32,485		—		75,363
Automotive	105,466		7,321		8,356		—		121,143
Energy	23,913		99,330		—		—		123,243
Telecom and Data Center	53,510		173		—		—		53,683
Other	69,427		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
Industrial	90,884		38,052		18,096		—		147,032
Aerospace and Defense	67,173		6,241		19,539		—		92,953
Consumer Electronics	47,983		479		21,566		—		70,028
Automotive	66,489		6,262		3,532		—		76,283
Energy	20,587		75,768		—		—		96,355
Telecom and Data Center	44,313		2,183		—		—		46,496
Other	52,140		15,329		48,023		—		115,492
Total	$	394,195	$	670,867	$	111,212	$	—	$	1,176,274