Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2015

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three months ended March 31, 2015 and 2014, were as follows:

	Three Months Ended
	March 31
(In thousands)	2015		2014
Segment Net Sales
Surfactants	$	330,551	$	335,710
Polymers		109,364		119,107
Specialty Products		20,536		22,625
Total	$	460,451	$	477,442

Reconciliation of Segment Information to Consolidated Financial Statements

Segment operating income and reconciliations of segment operating income to consolidated income before income taxes for the three months ended March 31, 2015 and 2014, are summarized below:

	Three Months Ended
	March 31
(In thousands)	2015			2014
Segment Operating Income
Surfactants	$	33,764		$	18,338
Polymers		14,785			10,826
Specialty Products		2,244			4,021
Segment operating income		50,793			33,185
Unallocated corporate expenses ⁽¹⁾		(15,615	)		(10,662	)
Consolidated operating income		35,178			22,523
Interest expense, net		(4,054	)		(2,957	)
Loss from equity in joint ventures		(1,240	)		(1,451	)
Other, net		652			(26	)
Consolidated income before income taxes	$	30,536		$	18,089

⁽¹⁾

Unallocated corporate expenses primarily comprise 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 not used to evaluate segment performance.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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