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Financial Information by Segment & Geographic Area (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of the Relative Size of Revenue Recognized in each Reportable Segment
The following table shows the relative size of the revenue recognized in each of the Company’s reportable segment:
201920182017
Rubber  66 %65 %64 %
Specialty  34 %35 %36 %
Schedule of Segment Reconciliation
Segment reconciliation for the years ended December 31, 2019, 2018 and 2017:
RubberSpecialtiesCorporate and otherTotal segments
(In thousands) 
2019
Net sales from external customers$967,899  $508,454  $—  $1,476,353  
Adjusted EBITDA$145,170  $122,167  $—  $267,337  
Corporate charges—  —  (22,916) (22,916) 
Depreciation and amortization of intangible assets and property, plant and equipment(58,645) (38,067) —  (96,713) 
Excluding equity in earnings of affiliated companies, net of tax(558) —  —  (558) 
Income from operations before income tax expense and finance costs85,967  84,100  (22,916) 147,151  
Interest and other financial expense, net—  —  (27,572) (27,572) 
Income tax expense—  —  (33,216) (33,216) 
Equity in earnings of affiliated companies, net of tax558  —  —  558  
Net income$86,920  
Assets$696,516  $417,834  $143,043  $1,257,394  
Total expenditures for additions to long-lived assets$132,556  $26,147  $—  $158,703  
2018
Net sales from external customers$1,032,818  $545,385  $—  $1,578,203  
Adjusted EBITDA$144,887  $149,255  $—  $294,142  
Corporate charges—  —  910  910  
Depreciation and amortization of intangible assets and property, plant and equipment(57,127) (41,029) —  (98,156) 
Excluding equity in earnings of affiliated companies, net of tax(591) —  —  (591) 
Income from operations before income tax expense and finance costs87,169  108,226  910  196,305  
Interest and other financial expense, net—  —  (28,642) (28,642) 
Income tax expense—  —  (46,944) (46,944) 
Equity in earnings of affiliated companies, net of tax591  —  —  591  
Net income$121,310  
Assets$685,243  $436,337  $151,442  $1,273,022  
Total expenditures for additions to long-lived assets$67,885  $43,171  $—  $111,057  
2017
Net sales from external customers$849,410  $478,887  $—  $1,328,297  
Adjusted EBITDA$111,490  $145,488  $—  $256,978  
Corporate charges—  —  (20,204) (20,204) 
Depreciation and amortization of intangible assets and property, plant and equipment(60,403) (37,953) —  (98,356) 
Excluding equity in earnings of affiliated companies, net of tax(547) —  —  (547) 
Income from operations before income tax expense and finance costs50,540  107,535  (20,204) 137,871  
Interest and other financial expense, net—  —  (44,135) (44,135) 
Reclassification of actuarial losses from AOCI—  —  (9,687) (9,687) 
Income tax expense—  —  (19,736) (19,736) 
Equity in earnings of affiliated companies, net of tax547  —  —  547  
Net income$64,860  
Assets$610,782  $357,492  $196,092  $1,164,366  
Total expenditures for additions to long-lived assets$52,584  $46,397  $—  $98,981  
Income from operations before income taxes and finance costs of the segment 'Corporate and other' comprises the following:
201920182017
(In thousands) 
Restructuring expenses/(income)$3,628  $(24,633) $6,492  
Consulting fees related to Company strategy3,005  4,804  2,807  
Long Term Incentive Plan9,438  13,919  8,835  
Other non-operating6,844  5,000  2,070  
Expenses/(income) from operations before income taxes and finance costs$22,916  $(910) $20,204  
Schedule of Income from Operations, Corporate and Other Segment
Segment reconciliation for the years ended December 31, 2019, 2018 and 2017:
RubberSpecialtiesCorporate and otherTotal segments
(In thousands) 
2019
Net sales from external customers$967,899  $508,454  $—  $1,476,353  
Adjusted EBITDA$145,170  $122,167  $—  $267,337  
Corporate charges—  —  (22,916) (22,916) 
Depreciation and amortization of intangible assets and property, plant and equipment(58,645) (38,067) —  (96,713) 
Excluding equity in earnings of affiliated companies, net of tax(558) —  —  (558) 
Income from operations before income tax expense and finance costs85,967  84,100  (22,916) 147,151  
Interest and other financial expense, net—  —  (27,572) (27,572) 
Income tax expense—  —  (33,216) (33,216) 
Equity in earnings of affiliated companies, net of tax558  —  —  558  
Net income$86,920  
Assets$696,516  $417,834  $143,043  $1,257,394  
Total expenditures for additions to long-lived assets$132,556  $26,147  $—  $158,703  
2018
Net sales from external customers$1,032,818  $545,385  $—  $1,578,203  
Adjusted EBITDA$144,887  $149,255  $—  $294,142  
Corporate charges—  —  910  910  
Depreciation and amortization of intangible assets and property, plant and equipment(57,127) (41,029) —  (98,156) 
Excluding equity in earnings of affiliated companies, net of tax(591) —  —  (591) 
Income from operations before income tax expense and finance costs87,169  108,226  910  196,305  
Interest and other financial expense, net—  —  (28,642) (28,642) 
Income tax expense—  —  (46,944) (46,944) 
Equity in earnings of affiliated companies, net of tax591  —  —  591  
Net income$121,310  
Assets$685,243  $436,337  $151,442  $1,273,022  
Total expenditures for additions to long-lived assets$67,885  $43,171  $—  $111,057  
2017
Net sales from external customers$849,410  $478,887  $—  $1,328,297  
Adjusted EBITDA$111,490  $145,488  $—  $256,978  
Corporate charges—  —  (20,204) (20,204) 
Depreciation and amortization of intangible assets and property, plant and equipment(60,403) (37,953) —  (98,356) 
Excluding equity in earnings of affiliated companies, net of tax(547) —  —  (547) 
Income from operations before income tax expense and finance costs50,540  107,535  (20,204) 137,871  
Interest and other financial expense, net—  —  (44,135) (44,135) 
Reclassification of actuarial losses from AOCI—  —  (9,687) (9,687) 
Income tax expense—  —  (19,736) (19,736) 
Equity in earnings of affiliated companies, net of tax547  —  —  547  
Net income$64,860  
Assets$610,782  $357,492  $196,092  $1,164,366  
Total expenditures for additions to long-lived assets$52,584  $46,397  $—  $98,981  
Income from operations before income taxes and finance costs of the segment 'Corporate and other' comprises the following:
201920182017
(In thousands) 
Restructuring expenses/(income)$3,628  $(24,633) $6,492  
Consulting fees related to Company strategy3,005  4,804  2,807  
Long Term Incentive Plan9,438  13,919  8,835  
Other non-operating6,844  5,000  2,070  
Expenses/(income) from operations before income taxes and finance costs$22,916  $(910) $20,204  
Schedule of Geographic Information
Geographic information
Net salesYears Ended December 31,
201920182017
(In thousands) 
Germany$593,769  $628,709  $524,065  
United States394,349  401,935  330,424  
South Korea241,235  279,016  246,551  
Brazil94,541  95,611  80,143  
China63,149  75,638  64,645  
South Africa54,746  56,373  46,844  
Other23,601  24,293  23,129  
Rest of Europe (1)
10,964  16,628  12,496  
Total$1,476,353  $1,578,203  $1,328,297  
(1) Only a holding company is located in Luxembourg, accordingly no revenue is generated in the country of domicile.
Long-lived tangible assets(1)
December 31
20192018
(In thousands)
Germany$81,388  $104,823  
Sweden26,41926,351
Italy43,54729,586
Poland12,14812,964
Rest of Europe (2)
6,1795,815
Subtotal Europe169,681179,539
United States220,200139,929
South Korea112,303115,036
South Africa15,98316,894
Brazil23,66221,395
China19,65510,719
Other10022
Total$561,585  $483,534  
(1) Long-lived assets include property. plant and equipment, net.
(2) Only a holding company is located in Luxembourg, accordingly no revenue is generated in the country of domicile.