Segment and Related Information

9 Months Ended

Sep. 28, 2014

Segment and Related Information [Abstract]

Segment and Related Information

Note 15. Segment and Related Information

As a result of the acquisition of AMCOL, the Company currently has 5 reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies, and Energy Services, compared to 2 reportable segments in the prior year (Specialty Minerals and Refractories).See Note 1.  Segment information for the three and nine-month periods ended September 28, 2014 and September 29, 2013 were as follows:

	Three Months Ended				Nine Months Ended
	Sept. 28,		Sept. 29,		Sept. 28,		Sept. 29,
	2014		2013		2014		2013
	(millions of dollars)
Net Sales
Specialty Minerals	$	163.0	$	167.4	$	490.5	$	502.5
Refractories		90.4		86.8		266.8		259.0
Performance Materials		135.6		-		211.4		-
Construction Technologies		69.1		-		106.3		-
Energy Services		85.4		-		134.0		-
Total	$	543.5	$	254.2	$	1,209.0	$	761.5
Income from Operations
Specialty Minerals	$	26.0	$	26.0	$	71.4	$	74.4
Refractories		9.7		8.4		29.0		23.8
Performance Materials		18.7		-		23.0		-
Construction Technologies		8.3		-		9.0		-
Energy Services		10.2		-		16.1		-
Total	$	72.9	$	34.4	$	148.5	$	98.2

A reconciliation of the totals reported for the operating segments to the applicable line items in the condensed consolidated financial statements is as follows:

	Income from operations before provision for taxes on income
	Three Months Ended						Nine Months Ended
	Sept. 28,			Sept. 29,			Sept. 28,			Sept. 29,
	2014			2013			2014			2013
	(millions of dollars)
Income from operations for reportable segments	$	72.9		$	34.4		$	148.5		$	98.2
Acquisition Related Transaction and Integration Costs		(4.2	)		-			(16.7	)		-
Unallocated corporate expenses		(1.9	)		(1.7	)		(5.6	)		(4.8	)
Consolidated income from operations		66.8			32.7			126.2			93.4
Non-operating deductions, net		(15.1	)		(1.2	)		(30.5	)		(2.6	)
Income from continuing operations before provision for taxes on income	$	51.7		$	31.5		$	95.7		$	90.8

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

	Three Months Ended				Nine Months Ended
	Sept. 28,		Sept. 29,		Sept. 28,		Sept. 29,
	2014		2013		2014		2013
	(millions of dollars)
Paper PCC	$	113.4	$	119.3	$	341.3	$	357.9
Specialty PCC		16.5		16.6		50.7		50.8
Talc		13.8		12.8		41.7		38.2
Ground Calcium Carbonate		19.3		18.7		56.8		55.6
Refractory Products		69.7		66.3		201.4		195.9
Metallurgical Products		20.7		20.5		65.4		63.1
Metalcasting		70.0		-		109.4		-
Household, Personal Care and Specialty Products		42.8		-		66.2		-
Basic Minerals and Other Products		22.8		-		35.8		-
Environmental Products		34.5		-		51.8		-
Building Materials and Other Products		34.6		-		54.5		-
Energy Services		85.4		-		134.0		-
Total	$	543.5	$	254.2	$	1,209.0	$	761.5