XML 44 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information
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. 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,
 
2018

2017

2016
Advanced Materials & Structures
$
467.9

 
44.9
%
 
$
433.2

 
44.1
%
 
$
280.6

 
33.4
%
Engineered Papers
573.4

 
55.1

 
548.9

 
55.9

 
559.3

 
66.6

Consolidated
$
1,041.3

 
100.0
%
 
$
982.1

 
100.0
%
 
$
839.9

 
100.0
%

($ in millions)
Operating Profit
 
For the Years Ended December 31,
 
2018
 
2017
 
2016
Advanced Materials & Structures
$
49.5

 
36.7
 %
 
$
48.5

 
37.8
 %
 
$
9.0

 
8.2
 %
Engineered Papers
121.8

 
90.2

 
119.7

 
93.3

 
141.9

 
129.0

Unallocated
(36.3
)
 
(26.9
)
 
(39.9
)
 
(31.1
)
 
(40.9
)
 
(37.2
)
Consolidated
$
135.0

 
100.0
 %
 
$
128.3

 
100.0
 %
 
$
110.0

 
100.0
 %

($ in millions)
Segment Assets
 
December 31, 2018
 
December 31, 2017
 
December 31, 2016
Advanced Materials & Structures
$
796.1

 
$
811.7

 
$
569.3

Engineered Papers
527.4

 
537.6

 
505.1

Unallocated
143.0

 
193.2

 
99.3

Consolidated
$
1,466.5

 
$
1,542.5

 
$
1,173.7


($ in millions)
Capital Spending
Depreciation
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Advanced Materials & Structures
$
15.0

 
$
11.5

 
$
10.1

 
$
14.1

 
$
12.3

 
$
7.1

Engineered Papers
11.7

 
25.6

 
17.6

 
23.9

 
23.4

 
22.3

Unallocated
0.3

 
0.1

 
0.1

 
0.1

 

 

Consolidated
$
27.0

 
$
37.2

 
$
27.8

 
$
38.1

 
$
35.7

 
$
29.4



Information about Geographic Areas

Long-lived assets by geographic area as of year-end were as follows ($ in millions):
 
Long-Lived Assets
 
2018
 
2017
 
2016
United States
$
115.8

 
$
115.0

 
$
89.6

France
167.4

 
181.3

 
162.7

Brazil
20.8

 
24.2

 
23.7

Poland
16.8

 
21.9

 
20.0

Other foreign countries
27.7

 
26.9

 
15.8

Consolidated
$
348.5

 
$
369.3

 
$
311.8


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
 
2018
 
2017
 
2016
United States
$
513.4

 
$
468.9

 
$
372.2

Europe and the former Commonwealth of Independent States
260.8

 
259.9

 
253.2

Asia-Pacific (including China)
159.4

 
148.4

 
129.4

Latin America
53.5

 
57.9

 
47.4

Other foreign countries
54.2

 
47.0

 
37.7

Consolidated
$
1,041.3

 
$
982.1

 
$
839.9