Segment Reporting and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

The below table presents financial information for each segment and a reconciliation of EBITDA to Net Income (the most directly comparable GAAP financial measure) for 2022 and 2021:


(Thousands)	2022		2021
Net sales:
Performance Materials(1)	$	671,525	$	511,874
Electronic Materials(1)	$	971,902	866,816
Precision Optics	113,682		131,954
Other	—		—
Net sales	1,757,109		1,510,644
Segment EBITDA:
Performance Materials	$	125,227	89,028
Electronic Materials	67,806		$	44,852
Precision Optics	13,753		25,854
Other	(28,345)		(33,371)
Total Segment EBITDA	178,441		126,363
Income tax expense	17,110		4,851
Interest expense - net	21,905		4,901
Depreciation, depletion and amortization	53,436		44,137
Net income	$	85,990	$	72,474

(1) Excludes inter-segment sales of $0.7 million for Performance Materials and $14.0 million for Electronic Materials for 2022 and $0.2 million for Performance Materials and $13.9 million for Electronic Materials for 2021. Inter-segment sales are eliminated in consolidation.

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

Other geographic information includes the following:


(Thousands)	2022		2021		2020
Net sales
United States	$	867,053	$	794,862	$	641,727
Asia	519,395		426,303		329,968
Europe	355,691		270,213		189,281
All other	14,970		19,266		15,298
Total	$	1,757,109	$	1,510,644	$	1,176,274
Property, plant, and equipment, net by country deployed
United States	$	372,779	$	327,969	$	223,340
All other	75,986		81,006		86,346
Total	$	448,765	$	408,975	$	309,686

Disaggregation of Revenue by Segment

The following table disaggregates revenue for each segment by end market for 2022 and 2021:


(Thousands)	Performance Materials		Electronic Materials		Precision Optics		Other		Total
2022
End Market
Semiconductor	$	8,666	$	784,517	$	5,107	$	—	$	798,290
Industrial	168,012		47,407		31,948		—		247,367
Aerospace and Defense	110,884		5,882		16,988		—		133,754
Consumer Electronics	49,859		1,144		22,666		—		73,669
Automotive	93,581		7,590		9,922		—		111,093
Energy	50,021		98,844		—		—		148,865
Telecom and Data Center	65,230		149		—		—		65,379
Other	125,272		26,369		27,051		—		178,692
Total	$	671,525	$	971,902	$	113,682	$	—	$	1,757,109

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