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Reportable Segments and Geographic Data | 12 Months Ended
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Dec. 31, 2011
Reportable Segments and Geographic Data [Abstract] |
Reportable Segments and Geographic Data | 3. Reportable Segments and Geographic Data In accordance with applicable disclosure guidance for enterprise segments and related information, the internal organization that is used by management for making operating decisions and assessing performance is used as the source of our reportable segments. The accounting policies of the segments are the same as those described in Note 1. We do not allocate research costs and corporate headquarters expenses to the segments because the decision-making for the majority of these expenses does not reside within the segments. Corporate headquarters (unallocated) expenses include wages and benefits for headquarters personnel, costs related to information systems development and support, and professional fees related to legal, audit, and other activities. During the third quarter of 2011, we announced plans to combine our Paper Machine Clothing and Engineered Fabrics operating and reporting segments into a single business segment. The combined segment will be referred to in future reports as "Machine Clothing". This report presents separate segment results for Paper Machine Clothing and Engineered Fabrics through December 31, 2011, by which date these two groups had become fully integrated. The Paper Machine Clothing segment includes paper machine clothing and process belts used in the manufacture of paper and paperboard. We design, manufacture, and market Paper Machine Clothing for each section of the paper machine. We manufacture and sell more paper machine clothing worldwide than any other company. Paper Machine Clothing consists of large continuous belts of custom-designed and custom-manufactured engineered fabrics that are installed on paper machines and carry the paper stock through each stage of the paper production process. Paper Machine Clothing is a consumable product of technologically sophisticated design that utilizes polymeric materials in a complex structure. The Engineered Fabrics segment derived its revenue from various industries that use fabrics and belts for industrial applications other than the manufacture of paper and paperboard. Product lines within this segment include nonwovens, which includes fabrics and belts used in the manufacture of diapers as well as personal care and household wipes, markets that are adjacent to the paper industry, and the building products market. The AEC segment serves primarily the aerospace industry, with custom-designed composite and advanced composite parts for static and dynamic applications. AEC leverages our core competencies in advanced textiles and materials, including specialty materials and composite structures for aircraft and other applications. The PrimaLoft segment includes sales of insulation for outdoor clothing, gloves, footwear, sleeping bags, and home furnishings. The segment has operations in the United States, Europe, and Asia. The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:
(in thousands) | 2011 | 2010 | 2009
Net sales |  |  |
Paper Machine Clothing | $657,569 | $623,555 | $609,897
Engineered Fabrics | 81,642 | 77,465 | 74,908
Engineered Composites | 48,076 | 41,867 | 33,824
PrimaLoft® Products | 27,409 | 22,882 | 18,992
Consolidated total | $814,696 | $765,769 | $737,621
Depreciation and amortization |  |  |
Paper Machine Clothing | 45,831 | 43,979 | 49,864
Engineered Fabrics | 2,350 | 5,057 | 5,902
Engineered Composites | 4,959 | 4,277 | 4,591
PrimaLoft® Products | 391 | 373 | 427
Research and Unallocated expenses | 10,672 | 7,131 | 7,055
Consolidated total | $64,203 | $60,817 | $67,839
Operating income/(loss) |  |  |
Paper Machine Clothing | $165,528 | $156,561 | $42,624
Engineered Fabrics | 11,230 | 9,101 | 3,047
Engineered Composites | (4,204) | (9,176) | (6,653)
PrimaLoft® Products | 8,540 | 6,610 | 3,689
Research expense | (29,007) | (26,064) | (23,849)
Unallocated expenses | (69,014) | (65,747) | (54,984)
Operating income/(loss) before reconciling items | 83,073 | 71,285 | (36,126)
Reconciling items: |  |  |
Interest income | 2,027 | 1,165 | 741
Interest expense | (20,148) | (18,405) | (21,368)
Other income/(expense), net | (2,720) | 884 | 49,700
Consolidated income/(loss) from continuing operations before income taxes | $62,232 | $54,929 | ($7,053)
The table below presents restructuring costs by reportable segment (also see Note 5):
(in thousands) | 2011 | 2010 | 2009
Paper Machine Clothing | $3,260 | $3,705 | $66,941
Engineered Fabrics | 2,420 | 1,057 | 4,311
Engineered Composites | 57 | 930 | 291
PrimaLoft® Products | - | - | 61
Unallocated expenses | 3,580 | (1,945) | (3,430)
Consolidated total | $9,317 | $3,747 | $68,174
In the measurement of invested capital utilized by each reportable segment, we include accounts receivable, inventories, net property, plant and equipment, intangibles and goodwill. Excluded from invested capital are cash, tax related assets, prepaids and other current assets, investments in associated companies, other assets, and assets from discontinued businesses. The following table presents invested capital and capital expenditures by reportable segment:
(in thousands) | 2011 | 2010 | 2009
Invested capital |  |  |
Paper Machine Clothing | $667,189 | $702,547 | $742,662
Engineered Fabrics | 45,953 | 70,588 | 78,234
Engineered Composites | 80,916 | 74,332 | 68,088
PrimaLoft® Products | 5,747 | 5,154 | 6,259
Reconciling items: |  |  |
Cash | 118,909 | 117,925 | 94,139
Income taxes receivable and deferred | 164,654 | 179,535 | 183,929
Investment in associated companies | 879 | 858 | 900
Other assets | 34,670 | 29,913 | 72,418
Assets of discontinued operations | 112,011 | 97,441 | 98,520
Consolidated total assets | $1,230,928 | $1,278,293 | $1,345,149
Capital expenditures and purchased software |  |  |
Paper Machine Clothing | $8,167 | $18,629 | $28,178
Engineered Fabrics | 2,974 | 605 | 1,330
Engineered Composites | 9,684 | 6,559 | 7,549
PrimaLoft® Products | 76 | 91 | 36
Research and Unallocated | 6,603 | 5,164 | 4,770
Consolidated total | $27,504 | $31,048 | $41,863
Additionally, capital expenditures in the discontinued Albany Door segment were $1.2 million in 2011, $0.6 million in 2010, and $0.6 million in 2009. The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer.
(in thousands) | 2011 | 2010 | 2009
Net sales |  |  |
United States | $324,143 | $312,590 | $305,630
Switzerland | 245,562 | 223,443 | 212,544
Brazil | 61,493 | 61,410 | 57,745
Canada | 40,422 | 36,804 | 37,709
China | 34,977 | 25,171 | 14,558
Other countries | 108,099 | 106,351 | 109,435
Consolidated total | $814,696 | $765,769 | $737,621
Property, plant and equipment, at cost, net |  |  |
United States | $134,078 | $141,037 | $148,578
China | 126,072 | 133,851 | 135,239
Other countries | 62,208 | 71,387 | 86,126
Korea | 34,102 | 40,473 | 34,556
Canada | 29,650 | 34,149 | 38,329
United Kingdom | 27,196 | 28,425 | 31,021
Sweden | 26,210 | 32,630 | 33,591
Consolidated total | $439,516 | $481,952 | $507,440

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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