Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and nine months ended September 30, 2020 and 2019, were as follows:

(In thousands)	Three Months Ended September 30				Nine Months Ended September 30
	2020		2019		2020		2019
Segment Net Sales
Surfactants	$	333,839	$	299,719	$	993,245	$	962,749
Polymers		116,682		135,089		335,582		395,904
Specialty Products		13,959		16,774		46,189		55,102
Total	$	464,480	$	451,582	$	1,375,016	$	1,413,755

Reconciliation of Segment Information to Income Before Provision for Income Taxes

Segment operating income and reconciliations of segment operating income to income before provision for income taxes for the three and nine months ended September 30, 2020 and 2019, are summarized below:

(In thousands)	Three Months Ended September 30						Nine Months Ended September 30
	2020			2019			2020			2019
Segment Operating Income
Surfactants	$	41,151		$	19,660		$	125,810		$	88,913
Polymers		22,387			23,283			45,430			58,148
Specialty Products		1,593			2,261			8,803			11,374
Segment operating income		65,131			45,204			180,043			158,435
Business restructuring		(126	)		(459	)		(708	)		(1,642	)
Unallocated corporate expenses ⁽¹⁾		(22,610	)		(16,779	)		(52,313	)		(58,024	)
Consolidated operating income		42,395			27,966			127,022			98,769
Interest expense, net		(1,626	)		(1,402	)		(4,115	)		(5,021	)
Other, net		2,629			885			3,804			4,265
Income before provision for income taxes	$	43,398		$	27,449		$	126,711		$	98,013

(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.