Segment, Geographic, and Market Information

12 Months Ended

Dec. 31, 2013

Segment, Geographic, and Market Information [Abstract]

Segment, Geographic, and Market Information

(2) Segment, Geographic, and Market Information

We determine our operating segments based on the discrete financial information that is regularly evaluated by our chief operating decision maker, our President and Chief Executive Officer, in deciding how to allocate resources and in assessing performance.  Our reportable measure of profit or loss for each segment is operating profit, which is defined as net sales less cost of sales and selling, general and administrative expenses related to a segment’s operations.  The costs deducted to arrive at operating profit do not include several items, such as net interest or income tax expense.

Our five segments are as follows:

· Performance materials - mines, processes and distributes minerals and products for use in various industrial and consumer markets, including metalcasting, pet care, laundry care, and drilling industries;

· Construction technologies - provides services relating to and processes and distributes clay-based and other products for use as a moisture barrier in commercial construction, landfill liners and in a variety of other industrial and commercial applications;

· Energy services - provides a variety of services and equipment rentals for both onshore and offshore applications to customers in the oil and natural gas industry;

· Transportation - includes a long-haul trucking business and a freight brokerage business that provides services domestically to our subsidiaries as well as third-party customers; and

· Corporate – intersegment sales are not material and are eliminated in our corporate segment.  These are most notably sales between our transportation segment and our performance materials and construction technologies segments as well as sales between our performance materials segment to our construction technologies and energy services segments.  Corporate segment also includes expenses associated with certain research and development, management, benefits and information technology activities.

Segment assets are those assets used within each segment.  Corporate assets include assets used in the operation of this segment as well as those used by or shared amongst our segments, including certain cash and cash equivalents, fixed assets, assets associated with certain employee benefit plans, and other miscellaneous assets.

The following table sets forth certain financial information as of and for the years ended December 31, 2013, 2012 and 2011:

	2013			2012			2011
Net sales:
Performance materials	$	488.1		$	473.7		$	459.2
Construction technologies		218.1			223.1			251.9
Energy services		295.4			257.3			194.7
Transportation		45.5			44.0			54.1
Intersegment sales		(34.4	)		(30.7	)		(33.6	)
Total		1,012.7			967.4			926.3
Operating profit (loss):
Performance materials	$	20.0		$	76.0		$	67.0
Construction technologies		14.0			15.6			17.3
Energy services		25.5			28.7			21.3
Transportation		1.2			0.8			2.2
Corporate		(24.9	)		(23.3	)		(21.8	)
Total		35.8			97.8			86.0
Assets:
Performance materials	$	384.1		$	454.0		$	430.8
Construction technologies		166.6			157.6			159.4
Energy services		263.3			225.8			194.7
Transportation		4.1			4.0			3.9
Corporate		60.6			69.2			60.3
Total		878.7			910.6			849.1
Depreciation, depletion and amortization:
Performance materials	$	18.5		$	19.6		$	20.6
Construction technologies		5.3			5.5			5.4
Energy services		22.4			17.1			13.3
Transportation		0.1			0.1			0.1
Corporate		3.4			3.0			2.7
Total		49.7			45.3			42.1
Capital expenditures:
Performance materials	$	25.6		$	29.4		$	27.3
Construction technologies		2.6			8.3			8.3
Energy services		45.0			31.5			23.1
Transportation		0.3			0.1			0.2
Corporate		14.2			5.2			2.1
Total		87.7			74.5			61.0
Research and development expenses:
Performance materials	$	5.6		$	5.2		$	4.7
Construction technologies		2.9			2.3			2.3
Energy services		2.1			0.9			0.2
Corporate		-			-			0.1
Total		10.6			8.4			7.3

The following table sets forth certain geographic financial information as of and for the three years ending December 31^st.  EMEA includes the European, Middle East and African geographic regions.  Geographic sales and operating profit are determined based on origin of the sale as opposed to destination of the sale.  Inter-regional sales and operating profit are eliminated in Americas.

	2013			2012		2011
Sales to unaffiliated customers shipped from:
Americas	$	605.2		$	588.7	$	546.1
EMEA		226.4			213.3		243.1
Asia Pacific		181.1			165.4		137.1
Total		1,012.7			967.4		926.3
Operating profit from sales from:
Americas	$	57.5		$	65.2	$	57.7
EMEA		(41.4	)		10.4		10.0
Asia Pacific		19.7			22.2		18.3
Total		35.8			97.8		86.0
Accounts receivable in:
Americas	$	109.6		$	109.9	$	112.3
EMEA		48.1			45.3		51.9
Asia Pacific		55.8			47.5		40.2
Total		213.5			202.7		204.4
Property, plant, equipment, and mineral rights and reserves in:
Americas	$	162.9		$	134.8	$	116.0
EMEA		43.4			112.3		108.7
Asia Pacific		57.3			54.8		48.8
Total		263.6			301.9		273.5
Identifiable assets in:
Americas	$	430.4		$	448.3	$	420.4
EMEA		274.4			303.3		289.4
Asia Pacific		173.9			159.0		139.3
Total		878.7			910.6		849.1

Net sales by product line for each fiscal year are as follows:

	2013		2012		2011
Metalcasting	$	269.3	$	265.6	$	247.3
Energy services		295.4		257.3		194.7
Environmental products		91.2		90.5		104.4
Specialty materials		84.6		88.3		99.3
Building materials		73.7		73.3		76.1
Basic minerals		64.3		60.4		52.8
Pet products		61.2		52.9		56.1
Drilling products		41.6		38.2		31.4
Contracting services		10.4		18.8		36.0
Transportation		21.0		22.1		28.2
Total		1,012.7		967.4		926.3