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Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2011

Segment information for the years ended December 31, 2011, 2010 and 2009 was as follows:

	2011
(Millions of Dollars)		Specialty Minerals		Refractories			Total

Net sales	$	676.1	$	368.8		$	1,044.9
Income from operations		72.8		33.2			106.0
Restructuring and other charges		1.0		(0.6	)		0.5
Depreciation, depletion and amortization		47.6		10.6			58.2
Segment assets		603.8		355.8			959.6
Capital expenditures		41.7		8.0			49.7

	2010
(Millions of Dollars)		Specialty Minerals		Refractories		Total

Net sales	$	665.0	$	337.4	$	1,002.4
Income from operations		74.7		28.0		102.7
Restructuring and other charges		0.5		0.3		0.8
Depreciation, depletion and amortization		52.6		11.4		64.0
Segment assets		585.7		340.5		926.2
Capital expenditures		23.3		8.2		31.5

	2009
(Millions of Dollars)		Specialty Minerals		Refractories			Total

Net sales	$	628.4	$	278.9		$	907.3
Income (loss) from operations		34.2		(48.8	)		(14.6	)
Impairment of assets		8.5		31.3			39.8
Restructuring and other charges		11.5		10.5			22.0
Depreciation, depletion and amortization		58.5		13.9			72.4
Segment assets		631.7		326.2			957.9
Capital expenditures		19.1		5.6			24.7

Reconciliation of Operating Income Before Income Taxes from Segments to Consolidated

(Millions of Dollars)
Income (loss) from continuing operations before
	provision (benefit) for taxes:		2011			2010			2009
Income (loss) from operations for reportable segments		$	106.0		$	102.7		$	(14.6	)
Unallocated corporate expenses			(5.7	)		(4.5	)		(2.5	)
Interest income			3.9			2.7			2.9
Interest expense			(3.3	)		(3.3	)		(3.5	)
Other income (deductions)			(3.2	)		1.2			(5.4	)
	Income (loss) from continuing operations before provision (benefit) for taxes	$	97.7		$	98.8		$	(23.1	)

Reconciliation of Assets from Segments to Consolidated

Total assets			2011		2010		2009
Total segment assets		$	959.6	$	926.2	$	957.9
Corporate assets			205.4		189.9		114.2

	Consolidated total assets	$	1,165.0	$	1,116.1	$	1,072.1

Reconciliation of Capital Expenditures from Segments to Consolidated

Capital expenditures			2011		2010		2009
Total segment capital expenditures		$	49.7	$	31.5	$	24.7
Corporate capital expenditures			2.4		3.0		1.9
	Consolidated total capital expenditures	$	52.1	$	34.5	$	26.6

Goodwill by Reportable Segment

The carrying amount of goodwill by reportable segment as of December 31, 2011 and December 31, 2010 was as follows:

		Goodwill
(Millions of Dollars)			December 31, 2011		December 31, 2010
Specialty Minerals		$	13.8	$	13.8
Refractories			50.9		53.3
	Total	$	64.7	$	67.1

Financial Information Related to Operations by Geographic Area

Financial information relating to the Company's operations by geographic area was as follows:

(Millions of Dollars)
Net Sales			2011		2010			2009
United States		$	557.5	$	534.3	$		478.4

Canada/Latin America			74.3		68.9			60.2
Europe/Africa			298.4		288.4			283.9
Asia			114.7		110.8			84.8
Total International			487.4		468.1			428.9

	Consolidated total net sales	$	1,044.9	$	1,002.4		$	907.3

(Millions of Dollars)
Long-lived assets			2011		2010		2009
United States		$	239.8	$	239.9	$	253.5

Canada/Latin America			14.6		14.9		13.5
Europe/Africa			72.0		89.9		105.7
Asia			59.8		59.4		59.5
Total International			146.4		164.2		178.7

	Consolidated total long-lived assets	$	386.2	$	404.1	$	432.2

Sales by Product Category

The Company's sales by product category are as follows:

Millions of Dollars		2011		2010		2009
Paper PCC	$	497.0	$	496.6	$	484.6
Specialty PCC		63.6		58.0		50.1
Talc		46.9		44.0		32.3
GCC		68.6		66.4		61.4
Refractory Products		287.4		264.5		225.4
Metallurgical Products		81.4		72.9		53.5

Net sales	$	1,044.9	$	1,002.4	$	907.3

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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- Definition

Tabular disclosure of each significant reconciling item, other than profit (loss), revenues, or assets, in the reconciliation of totals of such items in reportable segments to the entity's corresponding consolidated amount.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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