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Segments
3 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Segments
14. Segments
The Company operates in the following business segments: High Purity Cellulose, Paperboard and High-Yield Pulp. Corporate consists primarily of senior management, accounting, information systems, human resources, treasury, tax and legal administrative functions that provide support services to the operating business units. The Company allocates a portion of the cost of maintaining these support functions to its operating units.
The Company evaluates the performance of its segments based on operating income (loss). Intersegment sales consist primarily of High-Yield Pulp sales to Paperboard. Intersegment sales prices are at rates that approximate market for the respective operating area.
Net sales, disaggregated by product line, was comprised of the following:
Three Months Ended
 March 30, 2024April 1, 2023
High Purity Cellulose
Cellulose Specialties$194,423 $226,665 
Commodity Products90,001 124,040 
Other sales(a)
22,384 23,489 
Total High Purity Cellulose306,808 374,194 
Paperboard52,960 58,994 
High-Yield Pulp34,326 41,860 
Eliminations(6,438)(8,287)
Net sales$387,656 $466,761 
(a)Included sales of bioelectricity, lignosulfonates and other by-products to third parties.
Operating income (loss) by segment was comprised of the following:
Three Months Ended
March 30, 2024April 1, 2023
High Purity Cellulose$20,741 $12,934 
Paperboard7,909 9,734 
High-Yield Pulp(671)7,256 
Corporate (10,904)(13,330)
Operating income (loss)$17,075 $16,594 
Identifiable assets by segment were as follows:
March 30, 2024December 31, 2023
High Purity Cellulose$1,485,599 $1,510,076 
Paperboard101,873 105,804 
High-Yield Pulp48,028 43,811 
Corporate499,546 523,009 
Total assets$2,135,046 $2,182,700