XML 117 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2013
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company's three operating product line segments are also the Company's reportable segments: Paper, Reconstituted Tobacco and Filtration. The Paper segment primarily produces Cigarette Papers such as cigarette papers, including LIP papers, plug wrap papers and base tipping papers used to wrap various parts of a cigarette for sale to cigarette manufacturers. The Paper segment also includes commercial and industrial products such as lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter paper and other specialized papers. These non-tobacco industry products are generally sold directly to converters and other end-users or brokers. The Reconstituted Tobacco segment produces reconstituted tobacco leaf, or RTL, and wrapper and binder products for sale to cigarette and cigar manufacturers. The Filtration segment primarily produces nonwoven materials which are critical components performing support, separation or filtration functions. Information about Net Sales and Operating Profit The accounting policies of these segments are the same as those described in Note 2. Summary of Significant Accounting Policies. The Company primarily evaluates segment performance and allocates resources based on operating profit. Expense amounts not associated with segments are referred to as unallocated expenses. Certain of the Company's assets are used in the production of both the Paper and Reconstituted Tobacco segments' products. Due to these shared assets, management does not evaluate assets by segment. Capital spending and depreciation expense are allocated to a segment based on net sales or cost of products sold.
($ in millions) | Net Sales
| For the Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Paper | $ | 543.4 |  |  | 70.3 | % |  | $ | 545.0 |  |  | 70.0 | % |  | $ | 551.4 |  |  | 69.9 | %
Reconstituted Tobacco | 225.2 |  |  | 29.1 |  |  | 233.5 |  |  | 30.0 |  |  | 236.9 |  |  | 30.1 |
Filtration | 4.2 |  |  | 0.6 | % |  | — |  |  | — | % |  | — |  |  | — | %
Total Consolidated | $ | 772.8 |  |  | 100.0 | % |  | $ | 778.5 |  |  | 100.0 | % |  | $ | 788.3 |  |  | 100.0 | %
($ in millions) | Operating Profit
| For the Years Ended December 31,
| 2013 |  | 2012 |  | 2011
Paper | $ | 102.5 |  |  | 82.1 | % |  | $ | 84.4 |  |  | 55.7 | % |  | $ | 54.8 |  |  | 43.8 | %
Reconstituted Tobacco | 46.4 |  |  | 37.1 |  |  | 90.3 |  |  | 59.5 |  |  | 90.3 |  |  | 72.2 |
Filtration | (1.1 | ) |  | (0.9 | ) |  | — |  |  | — |  |  | — |  |  | — |
Unallocated | (22.9 | ) |  | (18.3 | ) |  | (23.0 | ) |  | (15.2 | ) |  | (20.0 | ) |  | (16.0 | )
Total Consolidated | $ | 124.9 |  |  | 100.0 | % |  | $ | 151.7 |  |  | 100.0 | % |  | $ | 125.1 |  |  | 100.0 | %
| Segment Assets
| December 31, 2013 |  | December 31, 2012
Paper | $ | 462.4 |  |  | $ | 455.9 |
Reconstituted Tobacco | 411.4 |  |  | 428.1 |
Filtration | 283.9 |  |  | — |
Unallocated | 66.7 |  |  | 2.7 |
Consolidated | $ | 1,224.4 |  |  | $ | 886.7 |
| Capital Spending | Depreciation
| 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
Paper | $ | 19.8 |  |  | $ | 19.8 |  |  | $ | 26.6 |  |  | $ | 20.0 |  |  | $ | 20.0 |  |  | $ | 23.5 |
Reconstituted Tobacco | 8.6 |  |  | 7.4 |  |  | 34.3 |  |  | 10.5 |  |  | 10.0 |  |  | 10.2 |
Filtration | 0.7 |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | — |
Unallocated | — |  |  | — |  |  | — |  |  | 0.5 |  |  | 0.8 |  |  | — |
Consolidated | $ | 29.1 |  |  | $ | 27.2 |  |  | $ | 60.9 |  |  | $ | 31.1 |  |  | $ | 30.8 |  |  | $ | 33.7 |
Information about Geographic Areas Long-lived assets by geographic area, excluding deferred income tax assets and certain other deferred charges, as of year end were as follows ($ in millions):
| Long-Lived Assets
| 2013 |  | 2012
United States | $ | 86.8 |  |  | $ | 54.4 |
France | 210.2 |  |  | 204.5 |
The Philippines | 31.5 |  |  | 83.4 |
Brazil | 35.1 |  |  | 43.1 |
Poland | 32.8 |  |  | 27.4 |
Other foreign countries | 3.6 |  |  | — |
For the geographic disclosure in the following table, net sales are attributed to geographic locations based on the location of the Company's direct customers ($ in millions):
| Net Sales
| 2013 |  | 2012 |  | 2011
Europe and the former Commonwealth of Independent States | $ | 343.0 |  |  | $ | 349.4 |  |  | $ | 367.4 |
United States | 223.1 |  |  | 227.2 |  |  | 230.2 |
Asia/Pacific (including China) | 113.6 |  |  | 107.4 |  |  | 90.3 |
Latin America | 49.6 |  |  | 54.2 |  |  | 62.5 |
Other foreign countries | 43.5 |  |  | 40.3 |  |  | 37.9 |
Consolidated | $ | 772.8 |  |  | $ | 778.5 |  |  | $ | 788.3 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration