Segment Reporting Disclosure [Text Block] | SEGMENT INFORMATION The Company considers its operating structure and the types of information subject to regular review by its President and Chief Executive Officer (“CEO”), who is the Chief Operating Decision Maker (“CODM”), to identify reportable segments. The CODM makes decisions, assesses performance and allocates resources by the following current reportable segments: Europe, Middle East and Africa (“EMEA”), United States & Canada (“USCAN”), Latin America (“LATAM”), and Asia Pacific (“APAC”). The CODM uses net sales to unaffiliated customers, segment gross profit and segment operating income in order to make decisions, assess performance and allocate resources to each segment. Segment operating income does not include items such as CEO transition costs, restructuring and related costs including accelerated depreciation, asset impairments, or costs and inventory step-up charges related to business acquisitions and integration. Corporate expenses include the compensation of certain personnel, certain audit expenses, Board of Directors related costs, certain insurance costs, costs associated with being a publicly traded entity and other miscellaneous legal and professional fees. On January 1, 2015, the Company’s new President and CEO assumed the role of CODM. Based on the new management structure and an evaluation of how the new CODM makes decisions, assesses performance and allocates resources, the Company discloses the following four reportable segments from the second quarter of fiscal 2015: EMEA, USCAN, LATAM and APAC. On June 1, 2015, the Company acquired Citadel, as discussed in Note 2 of this Form 10-Q. Based on the new structure and an evaluation of how the CODM will make decisions, assess performance and allocate resources, the Company expects to include the engineered plastics market within the USCAN segment and add a new reportable segment, Engineered Composites, beginning in the fourth quarter of fiscal 2015. The following table summarizes net sales to unaffiliated customers by segment: Three months ended May 31, Nine months ended May 31, 2015 2014 2015 2014 (In thousands) EMEA $ 326,255 $ 413,788 $ 1,012,592 $ 1,189,274 USCAN 137,080 131,645 415,221 336,277 LATAM 44,821 49,754 132,135 148,748 APAC 52,702 50,548 158,258 145,341 Total net sales to unaffiliated customers $ 560,858 $ 645,735 $ 1,718,206 $ 1,819,640 Below the Company presents gross profit by segment: Three months ended May 31, Nine months ended May 31, 2015 2014 2015 2014 (In thousands) EMEA $ 51,695 $ 56,798 $ 145,908 $ 156,237 USCAN 22,104 23,791 66,478 50,911 LATAM 9,324 4,472 22,075 20,011 APAC 7,771 7,052 22,403 20,202 Total segment gross profit 90,894 92,113 256,864 247,361 Inventory step-up — — (341 ) (1,199 ) Accelerated depreciation, restructuring and related costs (78 ) (149 ) (674 ) (791 ) Costs related to acquisitions and integrations (59 ) — (174 ) — Total gross profit $ 90,757 $ 91,964 $ 255,675 $ 245,371 Below is a reconciliation of segment operating income to operating income and income from continuing operations before taxes: Three months ended May 31, Nine months ended May 31, 2015 2014 2015 2014 (In thousands) EMEA $ 24,716 $ 23,565 $ 61,032 $ 61,537 USCAN 7,982 11,906 25,299 18,603 LATAM 4,654 (649 ) 7,531 6,286 APAC 3,972 3,328 10,903 9,870 Total segment operating income 41,324 38,150 104,765 96,296 Corporate (8,502 ) (9,752 ) (24,992 ) (24,149 ) Costs related to acquisitions and integrations (3,590 ) (888 ) (7,972 ) (3,377 ) Restructuring and related costs (5,937 ) (2,160 ) (15,303 ) (8,322 ) CEO transition costs — — (6,167 ) — Asset impairment — — — (104 ) Accelerated depreciation (29 ) — (327 ) (108 ) Inventory step-up — — (341 ) (1,199 ) Operating income 23,266 25,350 49,663 59,037 Interest expense (2,618 ) (1,433 ) (7,288 ) (6,112 ) Bridge financing fees (18,750 ) — (18,750 ) — Foreign currency transaction gains (losses) (857 ) 28 (3,097 ) (2,120 ) Other income (expense), net 335 64 900 478 Gain on early extinguishment of debt — — 1,290 — Income from continuing operations before taxes $ 1,376 $ 24,009 $ 22,718 $ 51,283 Globally, the Company operates in five product families: (1) custom performance colors, (2) masterbatch solutions, (3) engineered plastics, (4) specialty powders and (5) distribution services. The Company offers tolling services to customers primarily in the specialty powders product family. The consolidated net sales for these product families are as follows: Three months ended May 31, 2015 2014 (In thousands, except for %'s) Custom performance colors $ 45,305 8 % $ 50,212 8 % Masterbatch solutions 187,927 34 202,273 31 Engineered plastics 181,725 32 195,661 30 Specialty powders 71,133 13 97,121 15 Distribution services 74,768 13 100,468 16 Total consolidated net sales $ 560,858 100 % $ 645,735 100 % Nine months ended May 31, 2015 2014 (In thousands, except for %'s) Custom performance colors $ 136,649 8 % $ 140,918 8 % Masterbatch solutions 568,408 33 564,750 31 Engineered plastics 549,072 32 559,399 31 Specialty powders 222,722 13 263,931 14 Distribution services 241,355 14 290,642 16 Total consolidated net sales $ 1,718,206 100 % $ 1,819,640 100 % The three and nine months ended May 31, 2014 include a reclassification of revenue between product families to better reflect the way the businesses are managed. |