XML 39 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Reporting
 3 Months Ended
Mar. 31, 2014
Segment Reporting  
Segment Reporting

(8)                   Segment Reporting

 

The Company is organized based on the nature of the products and services that it offers. Under this structure, the Company produces products within two distinct segments: Component Products and Packaging. Within the Component Products segment, the Company primarily uses cross-linked polyethylene foam to provide customers in the medical, aerospace and defense, automotive, and packaging markets with engineered products for numerous purposes. Within the Packaging segment, the Company primarily uses polyethylene and polyurethane foams, sheet plastics, and pulp fiber to provide customers with cushion packaging for their products.

 

The accounting policies of the segments are the same as those described in Note 1 to the consolidated financial statements contained in the Company’s annual report on Form 10-K for the year ended December 31, 2013, as filed with the Securities and Exchange Commission.  The Company evaluates the performance of its operating segments based on operating income.

 

Inter-segment transactions are uncommon and not material.  Therefore, they have not been reflected separately in the financial table below.  Revenues from customers outside of the United States are not material.  No customer comprised more than 10% of the Company’s consolidated revenues for the three-month period ended March 31, 2014.  All of the Company’s assets are located in the United States.  Unallocated assets consist of the Company’s cash balance. Financial statement information by reportable segment is as follows (in thousands):

 

 

 

Three Months Ended March 31, 2014

 

Three Months Ended March 31, 2013

 

 

 

Component 
Products
$

 

Packaging
$

 

Total
UFPT
$

 

Component 
Products
$

 

Packaging
$

 

Total
UFPT
$

 

Net sales

 

23,611

 

10,998

 

34,609

 

23,417

 

10,280

 

33,697

 

Operating income

 

2,443

 

752

 

3,195

 

2,815

 

141

 

2,956

 

Depreciation / amortization

 

498

 

633

 

1,131

 

445

 

529

 

974

 

Capital expenditures

 

372

 

1,005

 

1,377

 

756

 

496

 

1,252