Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2015

The following is segment data for the three years ended December 31, 2015, 2014 and 2013:

(In thousands)	Surfactants		Polymers		Specialty Products		Segment Totals
2015
Net sales	$	1,205,849	$	491,488	$	78,830	$	1,776,167
Operating income		104,080		80,942		4,397		189,419
Assets		758,524		293,790		72,604		1,124,918
Capital expenditures		79,171		31,309		6,387		116,867
Depreciation and amortization expenses		42,122		19,541		3,659		65,322

2014
Net sales	$	1,296,638	$	550,966	$	79,609	$	1,927,213
Operating income		60,778		60,690		10,487		131,955
Assets		741,677		320,640		67,588		1,129,905
Capital expenditures		70,796		22,409		5,618		98,823
Depreciation and amortization expenses		41,483		18,433		2,792		62,708

2013
Net sales	$	1,317,164	$	483,361	$	80,261	$	1,880,786
Operating income		100,201		54,536		10,902		165,639
Assets		710,521		292,015		68,413		1,070,949
Capital expenditures		66,266		18,804		6,370		91,440
Depreciation and amortization expenses		36,400		16,351		2,631		55,382

Reconciliation of Segment Information to Consolidated Financial Statements

Below are reconciliations of segment data to the consolidated financial statements:

(In thousands)	2015			2014			2013
Operating income - segment totals	$	189,419		$	131,955		$	165,639
Business restructuring and asset impairments ^(a)		—			(4,009	)		(1,040	)
Unallocated corporate expenses ^(b)		(66,629	)		(37,252	)		(55,446	)
Total operating income		122,790			90,694			109,153
Interest expense, net		(14,533	)		(11,441	)		(10,358	)
Loss from equity in joint ventures		(6,985	)		(5,008	)		(5,336	)
Other, net		1,584			1,290			2,171
Consolidated income before income taxes	$	102,856		$	75,535		$	95,630

Assets - segment totals	$	1,124,918		$	1,129,905		$	1,070,949
Unallocated corporate assets ^(c)		114,743			32,109			96,253
Consolidated assets	$	1,239,661		$	1,162,014		$	1,167,202

Capital expenditures - segment totals	$	116,867		$	98,823		$	91,440
Unallocated corporate expenditures		2,482			2,996			1,425
Consolidated capital expenditures	$	119,349		$	101,819		$	92,865

Depreciation and amortization expenses – segment totals	$	65,322		$	62,708		$	55,382
Unallocated corporate depreciation expenses		1,663			1,096			1,018
Consolidated depreciation and amortization expenses	$	66,985		$	63,804		$	56,400

(a)

See Note 22 regarding business restructuring and asset impairment costs.

(b)

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.

(c)

The changes in unallocated corporate assets between 2013 and 2015 were primarily attributable to changes in the balance of U.S. cash and cash equivalents, which are not allocated to segments.

Summary of company-wide geographic data

Below is certain Company-wide geographic data for the years ended December 31, 2015, 2014 and 2013:

(In thousands)	2015		2014		2013
Net sales ^(a)
United States	$	1,069,526	$	1,146,405	$	1,103,181
France		169,072		183,896		221,971
Poland		150,654		175,862		122,215
United Kingdom		89,757		103,696		104,470
All other countries		297,158		317,354		328,949
Total	$	1,776,167	$	1,927,213	$	1,880,786

Long-lived assets ^(b)
United States	$	387,744	$	360,921	$	330,799
Germany		30,268		36,156		42,309
Singapore		39,181		41,909		44,315
Philippines		16,671		17,793		18,817
Brazil		26,721		25,991		22,920
China		25,689		10,674		2,084
United Kingdom		22,943		23,040		23,061
All other countries		35,468		40,016		45,132
Total	$	584,685	$	556,500	$	529,437

(a)

Net sales are attributed to countries based on selling location.

(b)

Includes net property, plant and equipment, goodwill and other intangible assets.