XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Net Sales $ 794.3us-gaap_SalesRevenueGoodsNet $ 772.8us-gaap_SalesRevenueGoodsNet $ 778.5us-gaap_SalesRevenueGoodsNet
Cost of products sold 575.5us-gaap_CostOfGoodsSold 520.1us-gaap_CostOfGoodsSold 519.0us-gaap_CostOfGoodsSold
Gross Profit 218.8us-gaap_GrossProfit 252.7us-gaap_GrossProfit 259.5us-gaap_GrossProfit
Selling expense 22.0us-gaap_SellingExpense 20.9us-gaap_SellingExpense 21.9us-gaap_SellingExpense
Research expense 15.7us-gaap_ResearchAndDevelopmentExpense 15.3us-gaap_ResearchAndDevelopmentExpense 9.9us-gaap_ResearchAndDevelopmentExpense
General expense 61.9us-gaap_GeneralAndAdministrativeExpense 50.3us-gaap_GeneralAndAdministrativeExpense 54.6us-gaap_GeneralAndAdministrativeExpense
Total nonmanufacturing expenses 99.6us-gaap_OperatingExpenses 86.5us-gaap_OperatingExpenses 86.4us-gaap_OperatingExpenses
Restructuring and impairment expense 13.1us-gaap_RestructuringSettlementAndImpairmentProvisions 41.3us-gaap_RestructuringSettlementAndImpairmentProvisions 21.4us-gaap_RestructuringSettlementAndImpairmentProvisions
Operating Profit 106.1us-gaap_OperatingIncomeLoss 124.9us-gaap_OperatingIncomeLoss 151.7us-gaap_OperatingIncomeLoss
Interest expense 7.2us-gaap_InterestExpense 2.9us-gaap_InterestExpense 3.3us-gaap_InterestExpense
Other income (expense), net 9.3us-gaap_NonoperatingIncomeExpense 5.7us-gaap_NonoperatingIncomeExpense 1.2us-gaap_NonoperatingIncomeExpense
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 108.2us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 127.7us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 149.6us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 20.5us-gaap_IncomeTaxExpenseBenefit 53.0us-gaap_IncomeTaxExpenseBenefit 49.5us-gaap_IncomeTaxExpenseBenefit
Income from equity affiliates, net of income taxes 2.0swm_IncomeLossfromEquityMethodInvestmentsNetofTax 3.8swm_IncomeLossfromEquityMethodInvestmentsNetofTax 4.0swm_IncomeLossfromEquityMethodInvestmentsNetofTax
Income from Continuing Operations 89.7us-gaap_IncomeLossFromContinuingOperations 78.5us-gaap_IncomeLossFromContinuingOperations 104.1us-gaap_IncomeLossFromContinuingOperations
Loss from Discontinued Operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (2.4)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (24.3)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net Income $ 89.7us-gaap_NetIncomeLoss $ 76.1us-gaap_NetIncomeLoss $ 79.8us-gaap_NetIncomeLoss
Net Income (Loss) per Share - Basic:      
Income per share from continuing operations (in dollars per share) $ 2.94us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 2.51us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 3.33us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss per share from discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.08)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.79)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income per share - basic (in dollars per share) $ 2.94us-gaap_EarningsPerShareBasic $ 2.43us-gaap_EarningsPerShareBasic $ 2.54us-gaap_EarningsPerShareBasic
Net Income (Loss) per Share – Diluted:      
Income per share from continuing operations (in dollars per share) $ 2.93us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 2.49us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 3.29us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss per share from discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.07)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.78)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income per share - diluted (in dollars per share) $ 2.93us-gaap_EarningsPerShareDiluted $ 2.42us-gaap_EarningsPerShareDiluted $ 2.51us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding:      
Basic (in shares) 30,238,000us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 31,056,700us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 30,986,200us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 30,356,500us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 31,238,300us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 31,341,900us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding