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Segment Reporting
 9 Months Ended
Sep. 30, 2016
Segment Reporting Information, Revenue for Reportable Segment [Abstract]  
Segment Reporting
Segment Reporting

We operate two reportable business segments: Industrial Materials and Engineered Solutions. On February 26, 2016, the Company announced plans to realign its business segments (see Note 1A "Organization and Summary of Significant Accounting Policies"). As a result of this realignment, our refractory product line was moved from the Industrial Materials business segment to the Engineered Solutions business segment. Additionally, advanced materials products will now be a part of the business segment where these products are produced. All prior period amounts have been recast to reflect this change. Our business segments now consist of the following:
Industrial Materials. Our Industrial Materials segment manufactures and delivers high quality graphite electrodes and needle coke products. Electrodes are key components of the conductive power systems used to produce steel and other non-ferrous metals. Needle coke, a crystalline form of carbon derived from decant oil, is the key ingredient in, and is used primarily in, the production of graphite electrodes.
Engineered Solutions. The Engineered Solutions segment includes advanced electronics technologies, advanced graphite materials, advanced composite materials and refractory products. Advanced electronics technologies products consist of electronic thermal management solutions, fuel cell components and sealing materials. Advanced graphite materials are highly engineered synthetic graphite products used in many areas due to their unique properties and the ability to tailor them to specific solutions. These products are used in transportation, alternative energy, metallurgical, chemical, oil and gas exploration and various other industries. Advanced composite materials are highly engineered carbon products that are woven into various shapes primarily to support the aerospace and defense industries. Refractory products are used in blast furnaces and submerged arc furnaces due to their high thermal conductivity and the ease with which they can be machined to large or complex shapes. During the second quarter of 2016, our Engineered Solutions segment qualified as held for sale status and as such our Engineered Solution's results have been excluded from continuing operations. See Note 3 "Discontinued Operations and Assets Held for Sale" for significant components of the results of our Engineered Solutions segment.
The following tables summarize financial information concerning our reportable segments and all prior periods have been recast to reflect our new segmentation:
 
Predecessor
 
Successor
 
For the Period
July 1 Through
August 14, 2015
 
For the Period August 15 Through September 30, 2015
 
For the Three Months Ended
September 30, 2016
 
(Dollars in thousands)
Net sales to external customers:
 
 
 
 
 
Industrial Materials
$
51,604

 
$
74,774

 
$
111,590

 
 
 
 
 
 
Operating (loss) income:
 
 
 
 
 
Industrial Materials
(2,588
)
 
2,918

 
(14,238
)
Corporate, R&D and Other expenses
(18,472
)
 
(3,216
)
 
(5,413
)
Total operating loss
$
(21,060
)
 
$
(298
)
 
$
(19,651
)
 
 
 
 
 
 
Reconciliation of segment operating loss to
    loss before provision for income taxes
 
 
 
 
 
Other expense (income), net
$
269

 
$
703

 
$
(567
)
Interest expense
8,790

 
3,349

 
6,964

Interest income
(22
)
 
(21
)
 
(158
)
Loss from continuing operations before
   provision for income taxes
$
(30,097
)
 
$
(4,329
)
 
$
(25,890
)


 
Predecessor
 
Successor
 
For the Period January 1 Through August 14, 2015
 
For the Period August 15 Through September 30, 2015
 
For the Nine Months Ended
September 30, 2016
 
2015
 
 
 
2016
 
(Dollars in thousands)
Net sales to external customers:
 
 
 
 
 
Industrial Materials
$
339,907

 
$
74,774

 
$
322,530

 
 
 
 
 
 
Operating (loss) income:
 
 
 
 
 
Industrial Materials
(24,900
)
 
2,918

 
(50,776
)
Corporate, R&D and Other expenses
(43,349
)
 
(3,216
)
 
(18,908
)
Total operating loss
$
(68,249
)
 
$
(298
)
 
$
(69,684
)
 
 
 
 
 
 
Reconciliation of segment operating loss to
    loss before provision for income taxes
 
 
 
 
 
Other expense (income), net
$
1,421

 
$
703

 
$
(1,528
)
Interest expense
26,211

 
3,349

 
19,860

Interest income
(363
)
 
(21
)
 
(169
)
Loss from continuing operations before
   provision for income taxes
$
(95,518
)
 
$
(4,329
)
 
$
(87,847
)