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Segments
9 Months Ended
Sep. 28, 2024
Segment Reporting [Abstract]  
Segments
16. 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 EndedNine Months Ended
 September 28, 2024September 30, 2023September 28, 2024September 30, 2023
High Purity Cellulose
Cellulose Specialties$220,820 $164,654 $638,382 $570,584 
Commodity Products78,129 98,834 253,683 321,548 
Other sales(a)
25,865 28,528 72,109 73,447 
Total High Purity Cellulose324,814 292,016 964,174 965,579 
Paperboard54,809 57,212 168,068 164,300 
High-Yield Pulp27,822 25,393 94,981 111,397 
Eliminations(6,342)(5,951)(19,419)(20,432)
Net sales$401,103 $368,670 $1,207,804 $1,220,844 
(a)Includes sales of bioelectricity, lignosulfonates and other by-products to third parties.
Operating income (loss) by segment was comprised of the following:
Three Months EndedNine Months Ended
September 28, 2024September 30, 2023September 28, 2024September 30, 2023
High Purity Cellulose$(5,688)$(5,547)$45,215 $6,965 
Paperboard6,890 13,088 26,999 28,680 
High-Yield Pulp294 (6,062)436 2,030 
Corporate (18,296)(15,919)(44,178)(41,977)
Operating income (loss)$(16,800)$(14,440)$28,472 $(4,302)
Identifiable assets by segment were as follows:
September 28, 2024December 31, 2023
High Purity Cellulose$1,501,493 $1,510,076 
Paperboard101,549 105,804 
High-Yield Pulp48,295 43,811 
Corporate(a)
508,023 523,009 
Total assets$2,159,360 $2,182,700 
(a)Includes ERP and certain lease assets shared across segments.