Industry Segments and Foreign Operations (Tables)

3 Months Ended

Mar. 31, 2019

The following table summarizes our operating results by segment. We do not have sales between segments.



	Three Months Ended March 31, 2019								Three Months Ended March 31, 2018
	Polymer		Chemical			Total			Polymer			Chemical		Total
	(In thousands)
Revenue	$	261,055	$	195,356		$	456,411		$	289,071		$	213,321	$	502,392
Cost of goods sold	207,169		142,240			349,409			207,640			147,674		355,314
Gross profit	53,886		53,116			107,002			81,431			65,647		147,078
Operating expenses:
Research and development	7,567		2,984			10,551			7,447			3,350		10,797
Selling, general, and administrative	23,098		17,796			40,894			23,520			15,203		38,723
Depreciation and amortization	13,971		17,551			31,522			17,762			17,614		35,376
Gain on insurance proceeds	—		(11,100		)	(11,100		)	—			—		—
(Gain) loss on disposal of fixed assets	—		—			—			(98		)	125		27
Operating income	$	9,250	$	25,885		35,135			$	32,800		$	29,355	62,155
Other expense						(259		)						(1,113		)
Gain (loss) on extinguishment of debt						210								(7,591		)
Earnings of unconsolidated joint venture						121								137
Interest expense, net						(18,941		)						(29,276		)
Income before income taxes						$	16,266							$	24,312

The following table presents long-lived assets including goodwill and total assets.



	March 31, 2019						December 31, 2018
	Polymer		Chemical		Total		Polymer		Chemical		Total
	(In thousands)
Property, plant, and equipment, net	$	541,194	$	396,107	$	937,301	$	543,086	$	398,390	$	941,476
Investment in unconsolidated joint venture	$	11,500	$	—	$	11,500	$	12,070	$	—	$	12,070
Goodwill	$	—	$	772,462	$	772,462	$	—	$	772,886	$	772,886
Total assets	$	1,155,949	$	1,800,989	$	2,956,938	$	1,160,029	$	1,734,675	$	2,894,704

Following is a summary of revenue by geographic region: