XML 33 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1

Segment Information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's two operating product line segments are also the Company's reportable segments: Advanced Materials & Structures and Engineered Papers. The AMS segment primarily produces engineered resin-based rolled goods such as nets, films and other non-wovens for use in high-performance applications in the filtration, infrastructure and construction, transportation, medical and industrial end-markets. It consists of the operations of various acquisitions, including Conwed. The EP segment primarily produces various cigarette papers and recon for sale to cigarette manufacturers. The EP segment also includes non-tobacco paper for battery separators, printing and writing, drinking straw wrap and furniture laminates.

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, 2016. 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, 2017							September 30, 2016							September 30, 2017							September 30, 2016
Advanced Materials & Structures	$	116.2			45.1	%		$	72.5			34.6	%		$	334.0			44.7	%		$	215.5			33.6	%
Engineered Papers	141.6				54.9			136.8				65.4			412.4				55.3			425.7				66.4
Total Consolidated	$	257.8			100.0	%		$	209.3			100.0	%		$	746.4			100.0	%		$	641.2			100.0	%

($ in millions)	Operating Profit
	Three Months Ended														Nine Months Ended
	September 30, 2017							September 30, 2016							September 30, 2017							September 30, 2016
Advanced Materials & Structures	$	15.4			40.0	%		$	8.7			28.2	%		$	40.9			39.1	%		$	22.8			22.8	%
Engineered Papers	32.3				83.9			32.0				103.9			90.0				86.0			103.4				103.5
Unallocated	(9.2		)		(23.9	)		(9.9		)		(32.1	)		(26.3		)		(25.1	)		(26.3		)		(26.3	)
Total Consolidated	$	38.5			100.0	%		$	30.8			100.0	%		$	104.6			100.0	%		$	99.9			100.0	%

($ in millions)	Segment Assets
	September 30, 2017				December 31, 2016
Advanced Materials & Structures	$	918.4			$	569.3
Engineered Papers	523.0				505.1
Unallocated	90.6				99.3
Total Consolidated	$	1,532.0			$	1,173.7

X

- References

No definition available.

+ 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
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration