Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2017

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and six months ended June 30, 2017 and 2016, were as follows:

(In thousands)	Three Months Ended June 30				Six Months Ended June 30
	2017		2016		2017		2016
Segment Net Sales
Surfactants	$	329,334	$	298,587	$	651,937	$	608,547
Polymers		141,187		134,498		267,797		248,396
Specialty Products		24,580		21,518		43,636		43,557
Total	$	495,101	$	454,603	$	963,370	$	900,500

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 and six months ended June 30, 2017 and 2016, are summarized below:

(In thousands)	Three Months Ended June 30						Six Months Ended June 30
	2017			2016			2017			2016
Segment Operating Income
Surfactants	$	31,030		$	27,232		$	69,267		$	64,477
Polymers		21,257			30,994			42,656			53,191
Specialty Products		5,439			1,788			6,714			4,121
Segment operating income		57,726			60,014			118,637			121,789
Business restructuring		(586	)		(1,061	)		(1,372	)		(1,061	)
Unallocated corporate expenses ⁽¹⁾		(18,179	)		(16,037	)		(32,245	)		(33,205	)
Consolidated operating income		38,961			42,916			85,020			87,523
Interest expense, net		(2,863	)		(3,417	)		(5,855	)		(7,031	)
Other, net		965			(303	)		2,228			(828	)
Consolidated income before income taxes	$	37,063		$	39,196		$	81,393		$	79,664

⁽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.