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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2012
Summarized Segment Information
     Three months ended
June 30,
    Six months ended
June 30,
 
     2012     2011     2012     2011  

Net Sales:

        

Engineered Materials

   $ 229.7      $ 190.0      $ 448.4      $ 377.0   

In-Process Separation

     100.2        81.9        191.8        160.3   

Additive Technologies

        

Sales to external customers

     74.1        75.4        141.8        145.7   

Intersegment sales

     0.3        0.4        0.5        0.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net sales from segments

     404.3        347.7        782.5        683.7   

Elimination of intersegment revenue

     (0.3     (0.4     (0.5     (0.7
  

 

 

   

 

 

   

 

 

   

 

 

 

Total consolidated net sales

   $ 404.0      $ 347.3      $ 782.0      $ 683.0   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

     2012     % of
Sales
    2011     % of
Sales
    2012     % of
Sales
    2011     % of
Sales
 

Earnings from operations:

                

Engineered Materials

   $ 38.7        17   $ 28.1        15   $ 83.7        19   $ 53.2        14

In-Process Separation

     27.1        27     15.6        19     50.0        26     32.0        20

Additive Technologies

     13.7        18     10.6        14     20.1        14     19.1        13
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings from segments

     79.5        20     54.3        16     153.8        20     104.3        15
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Corporate and Unallocated, net (1)

     (35.0       (22.1       (57.6       (40.9  
  

 

 

     

 

 

   

 

 

   

 

 

     

 

 

   

 

 

 

Total earnings from operations

   $ 44.5        11   $ 32.2        9   $ 96.2        12   $ 63.4        9
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) For the three and six months ended June 30, 2012, corporate and unallocated includes restructuring charges of $11.6 and $11.4, respectively, across corporate functions to mitigate continuing costs following the anticipated sale of Coating Resins, charges of $2.9 related to costs incurred for the acquisition of Umeco, and accelerated depreciation of $0.7 and $1.3, respectively, for the sale of our Stamford facility treated as a financing transaction. For the three and six months ended June 30, 2011, Corporate and Unallocated includes net pre-tax charges of $0.3 and $0.4, respectively, for restructuring charges, and a gain on the sale of assets of a certain Latin American subsidiary for $3.3 for the six months ended June 30, 2011. Corporate and unallocated also included costs previously allocated to the operations of our discontinued Coating Resins segment of $17.6 and $34.8 for three and six months ended June 30, 2012, and $17.5 and $34.6 for three and six months ended June 30, 2011. It also included costs previously allocated to the operations of our discontinued Building Block Chemicals segment of $0.0 and $1.0 for three and six months ended June 30, 2011.