Note 15 - Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

15. SEGMENT INFORMATION

The Company’s operations are organized into two reportable segments: Performance Materials and Graphic Solutions.

The Performance Materials segment manufactures and markets dynamic chemistry solutions that are used in the electronics, automotive and oil and gas production and drilling industries. Its products include surface and coating materials and water-based hydraulic control fluids. In conjunction with the sale of these products, we provide extensive technical service and support to ensure superior performance of their application. Within the Performance Materials segment, the Company has two primary categories of products. Industrial products are materials used to improve the performance or look of a component of an industrial part or process. Electronic products are materials used to manufacture and improve the performance of circuit boards and similar electronic items.

The Graphic Solutions segment primarily produces and markets photopolymers through an extensive line of flexographic plates that are used in the commercial packaging and printing industries. The Company evaluates the performance of its segments based on net sales and operating profit. Operating profit for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Operating profit for each segment includes an allocation of corporate costs such as corporate salary and wages, transaction costs in connection with acquisitions and equity compensation expense.

The following table summarizes financial information regarding each reportable segment’s results of operations for the periods presented:

	For the three months ended September 30,				For the nine months ended September 30,
	2014		2013		2014			2013
	(Successor)		(Predecessor)		(Successor)			(Predecessor)
Net Sales:
Performance Materials	$	153,603	$	145,349	$	443,843		$	429,446
Graphic Solutions		43,179		43,084		125,797			131,111
Consolidated net sales		196,782		188,433		569,640			560,557
Operating profit (loss):
Performance Materials		21,338		29,097		46,818			77,660
Graphic Solutions		2,025		9,523		(13,857	)		27,368
Consolidated operating profit	$	23,363	$	38,620	$	32,961		$	105,028