Segment Reporting

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Reporting

11. SEGMENT REPORTING

The Company has three reportable segments: Surfactants, Polymers and Specialty Products.  Net sales by segment for the three and six months ended June 30, 2016 and 2015, were as follows:

(In thousands)	Three Months Ended June 30				Six Months Ended June 30
	2016		2015		2016		2015
Segment Net Sales
Surfactants	$	298,587	$	299,743	$	608,547	$	630,294
Polymers		134,498		133,613		248,396		242,977
Specialty Products		21,518		19,058		43,557		39,594
Total	$	454,603	$	452,414	$	900,500	$	912,865

Segment operating income and reconciliations of segment operating income to consolidated income before income taxes for the three and six months ended June 30, 2016 and 2015, are summarized below:

(In thousands)	Three Months Ended June 30						Six Months Ended June 30
	2016			2015			2016			2015
Segment Operating Income
Surfactants	$	27,232		$	24,232		$	64,477		$	57,996
Polymers		30,994			23,429			53,191			38,214
Specialty Products		1,788			1,522			4,121			3,766
Segment operating income		60,014			49,183			121,789			99,976
Business restructuring		(1,061	)		—			(1,061	)		—
Unallocated corporate expenses (1)		(16,037	)		(20,588	)		(33,205	)		(36,203	)
Consolidated operating income		42,916			28,595			87,523			63,773
Interest expense, net		(3,417	)		(2,869	)		(7,031	)		(6,923	)
Loss from equity in joint ventures		—			(1,815	)		—			(3,055	)
Other, net		(303	)		235			(828	)		887
Consolidated income before income taxes	$	39,196		$	24,146		$	79,664		$	54,682

⁽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.