Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2015

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and six months ended June 30, 2015 and 2014, were as follows:

(In thousands)	Three Months Ended June 30				Six Months Ended June 30
	2015		2014		2015		2014
Segment Net Sales
Surfactants	$	299,743	$	333,761	$	630,294	$	669,471
Polymers		133,613		148,270		242,977		267,377
Specialty Products		19,058		22,080		39,594		44,705
Total	$	452,414	$	504,111	$	912,865	$	981,553

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 and six months ended June 30, 2015 and 2014, are summarized below:

(In thousands)	Three Months Ended June 30						Six Months Ended June 30
	2015			2014			2015			2014
Segment Operating Income
Surfactants	$	24,232		$	19,239		$	57,996		$	37,577
Polymers		23,429			18,444			38,214			29,270
Specialty Products		1,522			3,550			3,766			7,571
Segment operating income		49,183			41,233			99,976			74,418
Unallocated corporate expenses ⁽¹⁾		(20,588	)		(4,319	)		(36,203	)		(14,981	)
Consolidated operating income		28,595			36,914			63,773			59,437
Interest expense, net		(2,869	)		(3,021	)		(6,923	)		(5,978	)
Loss from equity in joint ventures		(1,815	)		(1,243	)		(3,055	)		(2,694	)
Other, net	235				556		887				530
Consolidated income before income taxes	$	24,146		$	33,206		$	54,682		$	51,295

⁽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.