Segment and Related Information (Tables)

6 Months Ended

Jul. 02, 2017

Restated financial results, by product line

Presented below are the restated financial results, by product line, of this operating segment for each quarter of 2016 to conform to the current management structure.

	2016 quarters												Full Year
	First			Second			Third			Fourth			2016
	(millions of dollars, except per share amounts)

Net sales
Metalcasting	$	60.0		$	68.0		$	63.1		$	66.9		$	258.0
Household, Personal Care & Specialty Products		45.3			44.0			42.1			39.8			171.2
Environmental Products		13.4			26.5			24.6			14.4			78.9
Building Materials		20.4			19.7			16.9			17.1			74.1
Basic Minerals		20.5			24.3			22.3			36.8			103.9
Performance Materials Segment		159.6			182.5			169.0			175.0			686.1

Income from operations
Performance Materials Segment	$	28.2		$	33.3		$	30.2		$	29.4		$	121.1
% of Sales		17.7	%		18.2	%		17.9	%		16.8	%		17.7	%

Segment information

Segment information for the three and six-month periods ended July 2, 2017 and July 3, 2016 is as follows:

	Three Months Ended					Six Months Ended
	July 2, 2017		July 3, 2016			July 2, 2017		July 3, 2016
	(millions of dollars)
Net Sales
Specialty Minerals	$	147.0	$	150.6		$	293.2	$	306.2
Refractories		68.9		73.9			139.1		143.1
Performance Materials		180.3		182.5			350.2		342.1
Energy Services		17.9		20.0			36.6		45.8
Total	$	414.1	$	427.0		$	819.1	$	837.2

Income (Loss) from Operations
Specialty Minerals	$	26.9	$	27.6		$	51.3	$	53.3
Refractories		10.5		10.3			19.7		17.1
Performance Materials		32.2		33.3			61.0		61.5
Energy Services		0.8		(29.5	)		2.5		(29.6	)
Total	$	70.4	$	41.7		$	134.5	$	102.3

Reconciliation of income from operations before provision for taxes on income

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							Six Months Ended
	July 2, 2017				July 3, 2016			July 2, 2017			July 3, 2016
	(millions of dollars)
Income from operations for reportable segments		$	70.4		$	41.7		$	134.5		$	102.3
Acquisition Related Transaction and Integration Costs			(0.8	)		(1.6	)		(2.3	)		(3.2	)
Unallocated corporate expenses			(1.1	)		(0.6	)		(2.0	)		(2.0	)
Consolidated income from operations			68.5			39.5			130.2			97.1
Non-operating deductions, net			(11.4	)		(13.3	)		(27.6	)		(25.7	)
Income from continuing operations before provision for taxes on income		$	57.1		$	26.2		$	102.6		$	71.4

Sales by product category

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

	Three Months Ended				Six Months Ended
	July 2, 2017		July 3, 2016		July 2, 2017		July 3, 2016
	(millions of dollars)
Paper PCC	$	92.3	$	97.0	$	185.7	$	200.2
Specialty PCC		17.4		17.1		34.4		33.8
Talc		14.0		13.8		28.3		28.8
Ground Calcium Carbonate		23.3		22.7		44.8		43.4
Refractory Products		56.1		58.9		112.8		112.3
Metallurgical Products		12.8		15.0		26.3		30.8
Metalcasting		75.7		68.0		142.3		128.0
Household, Personal Care and Specialty Products		39.7		44.0		80.8		89.3
Basic Minerals		25.1		24.3		59.3		44.8
Environmental Products		19.6		26.5		30.2		39.9
Building Materials		20.2		19.7		37.6		40.1
Energy Services		17.9		20.0		36.6		45.8
Total	$	414.1	$	427.0	$	819.1	$	837.2