Segment Information

The Company's two operating product line segments are also the Company's reportable segments: Advanced Materials and 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 DelStar, the December 2014 acquisitions, Argotec and Conwed. The EP 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 and reconstituted tobacco leaf, or RTL, and wrapper and binder products for sale to cigarette and cigar manufacturers. The EP 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.

Information about Net Sales and Operating Profit

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
	For the Years Ended December 31,
	2017				2016				2015
Advanced Materials & Structures	$	433.2	44.1	%	$	280.6	33.4	%	$	180.2	23.6	%
Engineered Papers	548.9		55.9		559.3		66.6		583.9		76.4
Consolidated	$	982.1	100.0	%	$	839.9	100.0	%	$	764.1	100.0	%



($ in millions)	Operating Profit
	For the Years Ended December 31,
	2017					2016					2015
Advanced Materials & Structures	$	48.5		38.9	%	$	9.0		8.5	%	$	16.7		16.2	%
Engineered Papers	116.1			93.1		138.0			130.0		121.5			118.0
Unallocated	(39.9		)	(32.0	)	(40.9		)	(38.5	)	(35.2		)	(34.2	)
Consolidated	$	124.7		100.0	%	$	106.1		100.0	%	$	103.0		100.0	%



($ in millions)	Segment Assets
	December 31, 2017		December 31, 2016		December 31, 2015
Advanced Materials & Structures	$	811.7	$	569.3	$	648.4
Engineered Papers	537.6		505.1		507.3
Unallocated	193.2		99.3		134.3
Consolidated	$	1,542.5	$	1,173.7	$	1,290.0



($ in millions)	Capital Spending						Depreciation
	2017		2016		2015		2017		2016		2015
Advanced Materials & Structures	$	11.5	$	10.1	$	11.2	$	12.3	$	7.1	$	5.5
Engineered Papers	25.6		17.6		12.5		23.4		22.3		25.6
Unallocated	0.1		0.1		0.5		—		—		(0.4		)
Consolidated	$	37.2	$	27.8	$	24.2	$	35.7	$	29.4	$	30.7

Information about Geographic Areas

Long-lived assets by geographic area as of year-end were as follows ($ in millions):



	Long-Lived Assets
	2017		2016		2015
United States	$	115.0	$	89.6	$	87.5
France	181.3		162.7		163.5
Brazil	24.2		23.7		20.1
Poland	21.9		20.0		23.6
Other foreign countries	26.9		15.8		15.9
Consolidated	$	369.3	$	311.8	$	310.6

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
	2017		2016		2015
United States	$	468.9	$	372.2	$	310.7
Europe and the former Commonwealth of Independent States	259.9		253.2		261.2
Asia-Pacific (including China)	148.4		129.4		118.5
Latin America	57.9		47.4		34.6
Other foreign countries	47.0		37.7		39.1
Consolidated	$	982.1	$	839.9	$	764.1