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Segment Information
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company's three operating product line segments are also the Company's three reportable segments: Paper, Reconstituted Tobacco and Advanced Materials & Structures (formerly, Filtration). The Paper segment primarily produces 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 produces 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 RTL and wrapper and binder products for sale to cigarette and cigar manufacturers. The Advanced Materials & Structures segment primarily produces thermoplastic nets, nonwoven materials, films and laminates which are critical components performing support, separation or filtration functions.

In September 2015, the Company changed the name of the Filtration segment to the Advanced Materials & Structures segment to reflect businesses that comprise this segment.
 
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 in the notes to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. 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.

($ in millions)
Net Sales
 
Three Months Ended
 
Nine months ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Paper
$
112.8

 
61.1
%
 
$
130.7

 
64.0
%
 
$
328.8

 
59.3
%
 
$
384.6

 
62.8
%
Reconstituted Tobacco
29.6

 
16.1

 
40.3

 
19.7

 
102.4

 
18.5

 
130.9

 
21.3

Advanced Materials & Structures
42.0

 
22.8

 
33.3

 
16.3

 
123.1

 
22.2

 
97.1

 
15.9

Total Consolidated
$
184.4

 
100.0
%
 
$
204.3

 
100.0
%
 
$
554.3

 
100.0
%
 
$
612.6

 
100.0
%

($ in millions)
Operating Profit
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Paper
$
22.6

 
71.1
 %
 
$
16.0

 
63.5
 %
 
$
59.0

 
75.4
 %
 
$
60.1

 
67.7
 %
Reconstituted Tobacco
7.8

 
24.5

 
11.1

 
44.0

 
24.6

 
31.4

 
39.0

 
43.9

Advanced Materials & Structures
4.7

 
14.8

 
3.6

 
14.3

 
12.6

 
16.1

 
7.9

 
8.9

Unallocated
(3.3
)
 
(10.4
)
 
(5.5
)
 
(21.8
)
 
(17.9
)
 
(22.9
)
 
(18.2
)
 
(20.5
)
Total Consolidated
$
31.8

 
100.0
 %
 
$
25.2

 
100.0
 %
 
$
78.3

 
100.0
 %
 
$
88.8

 
100.0
 %