Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

The Company has three reportable segments: Surfactants, Polymers and Specialty Products. Net sales by segment for the three and six months ended June 30, 2021 and 2020, were as follows:

(In thousands)	Three Months Ended June 30				Six Months Ended June 30
	2021		2020		2021		2020
Segment Net Sales
Surfactants	$	384,002	$	332,335	$	754,938	$	659,406
Polymers		190,538		112,409		340,923		218,900
Specialty Products		20,971		15,805		37,390		32,230
Total	$	595,511	$	460,549	$	1,133,251	$	910,536

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 six months ended June 30, 2021 and 2020, are summarized below:

(In thousands)	Three Months Ended June 30						Six Months Ended June 30
	2021			2020			2021			2020
Segment Operating Income
Surfactants	$	45,896		$	48,503		$	99,106		$	84,659
Polymers		23,025			15,527			40,976			23,043
Specialty Products		6,977			3,226			9,610			7,210
Segment operating income		75,898			67,256			149,692			114,912
Business restructuring		(114	)		(225	)		(195	)		(582	)
Unallocated corporate expenses ⁽¹⁾		(19,127	)		(22,408	)		(38,926	)		(29,703	)
Consolidated operating income		56,657			44,623			110,571			84,627
Other Income (Expense)
Interest, net		(1,567	)		(1,259	)		(3,091	)		(2,489	)
Other, net		2,758			4,437			3,504			1,175
Income before provision for income taxes	$	57,848		$	47,801		$	110,984		$	83,313

(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.