Segment Reporting

3 Months Ended

Mar. 31, 2017

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 months ended March 31, 2017 and 2016, were as follows:

(In thousands)	Three Months Ended March 31
	2017		2016
Segment Net Sales
Surfactants	$	322,603	$	309,960
Polymers		126,610		113,898
Specialty Products		19,056		22,039
Total	$	468,269	$	445,897

Segment operating income and reconciliations of segment operating income to consolidated income before income taxes for the three months ended March 31, 2017 and 2016, are summarized below:

(In thousands)	Three Months Ended March 31
	2017			2016
Segment Operating Income
Surfactants	$	38,237		$	37,245
Polymers		21,399			22,197
Specialty Products		1,275			2,333
Segment operating income		60,911			61,775
Business restructuring		(786	)		—
Unallocated corporate expenses (1)		(14,066	)		(17,168	)
Consolidated operating income		46,059			44,607
Interest expense, net		(2,992	)		(3,614	)
Other, net		1,263			(525	)
Consolidated income before income taxes	$	44,330		$	40,468

⁽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.