Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Operating Segment

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three months ended March 31, 2023 and 2022, were as follows:

(In thousands)	Three Months Ended March 31,
	2023		2022
Segment Net Sales
Surfactants	$	467,828	$	468,266
Polymers		161,127		187,079
Specialty Products		22,481		19,931
Total	$	651,436	$	675,276

Reconciliation of Segment Information to Income Before Provision for Income Taxes

Segment operating income and reconciliations of segment operating income to income before provision for income taxes for the three months ended March 31, 2023 and 2022, are summarized below:

(In thousands)	Three Months Ended March 31,
	2023			2022
Segment Operating Income
Surfactants	$	27,056		$	53,769
Polymers		10,004			14,129
Specialty Products		2,530			3,695
Segment operating income		39,590			71,593
Business restructuring		(157	)		(52	)
Unallocated corporate expenses (1)		(18,376	)		(8,195	)
Total operating income		21,057			63,346
Other Income (Expense)
Interest, net		(2,822	)		(2,306	)
Other, net		1,668			(1,650	)
Income before provision for income taxes	$	19,903		$	59,390

(1)Unallocated corporate expenses are primarily comprised of corporate administrative expenses (e.g., corporate finance, legal, human resources, information systems, deferred compensation and environmental remediation) that are not included in segment operating income and are not used to evaluate segment performance.