Reporting for Segments

12 Months Ended

Dec. 31, 2011

Reporting for Segments [Abstract]

Reporting for Segments

19. Reporting for Segments

The Company has six reportable segments: Performance Coatings, Electronic Materials, Color and Glass Performance Materials, Polymer Additives, Specialty Plastics, and Pharmaceuticals. We have aggregated our Tile Coating Systems and Porcelain Enamel operating segments into one reportable segment, Performance Coatings, and aggregated our Glass Systems and Performance Pigments and Colors operating segments into one reportable segment, Color and Glass Performance Materials, based on their similar economic and operating characteristics.

We measure segment income for internal reporting purposes by excluding unallocated corporate expenses, restructuring and impairment charges, other expenses (income) and income taxes. Unallocated corporate expenses consist primarily of corporate employment costs and professional services.

We have presented net sales to external customers by segment in the table below. Sales between segments were not material.

	2011		2010		2009
	(Dollars in thousands)
Electronic Materials	$	622,977	$	675,401	$	426,896
Performance Coatings		602,566		555,023		487,891
Color and Glass Performance Materials		396,317		382,155		321,750
Polymer Additives		336,965		302,352		249,510
Specialty Plastics		172,028		163,058		149,524
Pharmaceuticals		24,939		23,876		21,998
Total net sales	$	2,155,792	$	2,101,865	$	1,657,569

Below are each segment’s income and reconciliations to income (loss) before taxes from continuing operations:

	2011		2010		2009
	(Dollars in thousands)
Electronic Materials	$	74,869	$	132,585	$	45,344
Performance Coatings		37,988		39,416		29,551
Color and Glass Performance Materials		32,327		31,514		13,123
Polymer Additives		15,221		18,387		6,708
Specialty Plastics		9,521		11,348		10,164
Pharmaceuticals		3,050		814		438
Total segment income		172,976		234,064		105,328
Unallocated corporate expenses		54,591		69,135		63,315
Restructuring and impairment charges		17,030		63,732		19,337
Other expense, net		35,419		77,456		66,231
Income (loss) before income taxes from continuing operations	$	65,936	$	23,741	$	(43,555	)

The following table details depreciation and amortization expense by segment:

	2011		2010		2009
	(Dollars in thousands)
Electronic Materials	$	10,092	$	11,586	$	13,382
Performance Coatings		17,415		17,004		17,726
Color and Glass Performance Materials		6,088		7,012		6,520
Polymer Additives		10,999		10,776		10,492
Specialty Plastics		2,014		2,369		2,610
Pharmaceuticals		2,039		2,073		1,950
Total segment depreciation and amortization		48,647		50,820		52,680
Unallocated depreciation and amortization		14,846		26,116		35,458
Total depreciation and amortization	$	63,493	$	76,936	$	88,138

Segment assets primarily consist of trade accounts receivable; inventories; property, plant and equipment; and intangible assets. Unallocated assets primarily include cash and cash equivalents, deposits for precious metals, deferred taxes and assets related to uncertain tax positions. Total assets at December 31st by segment are detailed below:

	2011		2010
	(Dollars in thousands)
Electronic Materials	$	320,071	$	316,793
Performance Coatings		366,329		358,781
Color and Glass Performance Materials		254,813		256,626
Polymer Additives		127,280		117,482
Specialty Plastics		48,372		46,598
Pharmaceuticals		28,294		26,392
Total segment assets		1,145,159		1,122,672
Unallocated assets		295,492		311,683
Total assets	$	1,440,651	$	1,434,355

We have detailed each segment’s expenditures for long-lived assets, including acquisitions, in the table below:

	2011		2010		2009
	(Dollars in thousands)
Electronic Materials	$	15,887	$	9,308	$	4,249
Performance Coatings		24,115		19,748		11,803
Color and Glass Performance Materials		11,873		19,472		10,665
Polymer Additives		8,703		5,404		5,224
Specialty Plastics		1,235		968		685
Pharmaceuticals		870		860		1,830
Total segment expenditures for long-lived assets		62,683		55,760		34,456
Unallocated corporate expenditures for long-lived assets		10,030		1,905		8,804
Total expenditures for long-lived assets	$	72,713	$	57,665	$	43,260

We sell our products throughout the world and we attribute sales to countries based on the country where we generate the customer invoice. No single country other than the U.S. and Spain represents greater than 10% of our net sales. We have detailed net sales by geographic region in the table below:

	2011		2010		2009
	(Dollars in thousands)
United States	$	1,022,120	$	1,039,457	$	758,048
Spain		340,588		319,711		258,485
Other international		793,084		742,697		641,036
Total net sales	$	2,155,792	$	2,101,865	$	1,657,569

None of our operations in countries other than the U.S. and Spain owns greater than 10% of consolidated long-lived assets. We have detailed long-lived assets that consist of property, plant and equipment, goodwill, and amortizable intangible assets by geographic region at December 31st in the table below:

	2011		2010
	(Dollars in thousands)
United States	$	378,884	$	377,158
Spain		84,789		90,845
Other international		142,320		155,078
Total long-lived assets	$	605,993	$	623,081