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Segment Information (Tables)
9 Months Ended
May 31, 2016
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The following table summarizes net sales to unaffiliated customers by segment:
 
Three months ended May 31,
 
Nine months ended May 31,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
EMEA
$
322,368


$
326,255

 
$
940,794

 
$
1,012,592

USCAN
183,338


137,080

 
532,437

 
415,221

LATAM
43,377

 
44,821

 
126,738

 
132,135

APAC
46,880


52,702

 
137,635

 
158,258

EC
54,476

 

 
153,815

 

Total net sales to unaffiliated customers
$
650,439

 
$
560,858

 
$
1,891,419

 
$
1,718,206

Below the Company presents gross profit by segment:
 
Three months ended May 31,
 
Nine months ended May 31,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
EMEA
$
49,852

 
$
51,695

 
$
136,489

 
$
145,908

USCAN
32,560

 
22,104

 
90,095

 
66,478

LATAM
9,055

 
9,324

 
27,226

 
22,075

APAC
8,080

 
7,771

 
24,153

 
22,403

EC
13,746

 

 
37,941

 

Total segment gross profit
113,293

 
90,894

 
315,904

 
256,864

Inventory step-up

 

 

 
(341
)
Accelerated depreciation and restructuring related costs
(2,930
)
 
(78
)
 
(7,311
)
 
(674
)
Costs related to acquisitions and integrations
(423
)
 
(59
)
 
(2,522
)
 
(174
)
Lucent costs (1)
(466
)
 

 
(1,844
)
 

Total gross profit
$
109,474

 
$
90,757

 
$
304,227

 
$
255,675

Below is a reconciliation of segment operating income to operating income and income from continuing operations before taxes:
 
Three months ended May 31,
 
Nine months ended May 31,
 
2016
 
2015
 
2016
 
2015
 
(In thousands)
EMEA
$
23,382

 
$
24,716

 
$
59,147

 
$
61,032

USCAN
15,576

 
7,982

 
38,166

 
25,299

LATAM
4,748

 
4,654

 
14,581

 
7,531

APAC
4,540

 
3,972

 
13,517

 
10,903

EC
5,031

 

 
10,583

 

Total segment operating income
53,277

 
41,324

 
135,994

 
104,765

Corporate
(7,489
)
 
(8,502
)
 
(23,661
)
 
(24,992
)
Costs related to acquisitions and integrations
(1,443
)
 
(3,590
)
 
(7,570
)
 
(7,972
)
Restructuring and related costs
(9,520
)
 
(5,937
)
 
(19,959
)
 
(15,303
)
Accelerated depreciation
(1,286
)
 
(29
)
 
(4,796
)
 
(327
)
Lucent costs (1)
(1,951
)
 

 
(6,268
)
 

Inventory step-up

 

 

 
(341
)
CEO transition costs

 

 

 
(6,167
)
Operating income
31,588

 
23,266

 
73,740

 
49,663

Interest expense
(13,557
)
 
(2,618
)
 
(40,965
)
 
(7,288
)
Bridge financing fees

 
(18,750
)
 

 
(18,750
)
Foreign currency transaction gains (losses)
(392
)
 
(857
)
 
(2,071
)
 
(3,097
)
Other income (expense), net
229

 
335

 
246

 
900

Gain on early extinguishment of debt

 

 

 
1,290

Income from continuing operations before taxes
$
17,868

 
$
1,376

 
$
30,950

 
$
22,718

Revenue from External Customers by Products and Services [Table Text Block]
Globally, the Company operates in six product families: (1) custom performance colors, (2) engineered composites, (3) masterbatch solutions, (4) engineered plastics, (5) specialty powders and (6) distribution services. The three and nine months ended May 31, 2015 include a reclassification of revenue between product families to better reflect the way the businesses are managed. The consolidated net sales for these product families are as follows:
 
Three months ended May 31,
 
2016
 
2015
 
(In thousands, except for %'s)
Custom Performance Colors
$
48,573

 
8
%
 
$
48,630

 
9
%
Engineered Composites
54,476

 
8

 

 

Masterbatch Solutions
184,157


29


184,409


33

Engineered Plastics
228,945

 
35

 
181,918

 
32

Specialty Powders
67,661


10


71,133


13

Distribution Services
66,627

 
10

 
74,768

 
13

Total consolidated net sales
$
650,439


100
%

$
560,858


100
%


 
Nine months ended May 31,
 
2016
 
2015
 
(In thousands, except for %'s)
Custom Performance Colors
$
138,935

 
7
%
 
$
145,793

 
8
%
Engineered Composites
153,815

 
8

 

 

Masterbatch Solutions
530,670

 
28

 
558,231

 
33

Engineered Plastics
674,578

 
36

 
550,105

 
32

Specialty Powders
195,080

 
10

 
222,722

 
13

Distribution Services
198,341

 
11

 
241,355

 
14

Total consolidated net sales
$
1,891,419

 
100
%
 
$
1,718,206

 
100
%