Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting Information, Revenue for Reportable Segment [Abstract]

We previously operated two reportable business segments, Industrial Materials and Engineered Solutions. During the second quarter of 2016, the Company decided to sell the businesses that comprised our Engineered Solutions segment to focus on our Industrial Materials segment. Accordingly, the Engineered Solutions business qualified as held-for-sale status and the related results have been excluded from continuing operations.

Our Industrial Materials segment manufactures high quality graphite electrodes essential to the production of EAF steel and other ferrous and non-ferrous metals. Petroleum needle coke, a crystalline form of carbon derived from decant oil, is a key raw material used in the production of graphite electrodes. We utilize substantially all the needle coke that we produce internally to manufacture our graphite electrodes and as a result approximately 95% of our revenues from external customers are derived from the sale of graphite electrodes and graphite electrode by-products from our manufacturing processes.

In 2019, one customer accounted for more than 10% of our net sales. We believe this customer does not pose a significant concentration of risk, as sales to this customer could be replaced by demand from other customers.

The following tables summarize information as to our continuing operations in different geographic areas.



	2019		2018		2017
	(Dollars in thousands)
Net sales:
United States	$	403,916	$	429,599	$	103,890
Americas (excluding the United States)	348,670		367,561		129,103
Asia Pacific	172,439		131,578		46,329
Europe, Middle East, Africa	865,768		967,172		271,449
Total	$	1,790,793	$	1,895,910	$	550,771



	At December 31,
	2019		2018
	(Dollars in thousands)
Long-lived assets (a):
United States	$	174,307	$	169,301
Mexico	141,621		146,790
Brazil	5,694		3,320
France	88,514		91,022
Spain	102,577		103,121
Other countries	307		151
Total	$	513,020	$	513,705

(a)

Long-lived assets represent fixed assets, net of accumulated depreciation.