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Segment Information | 9 Months Ended
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Sep. 30, 2014
Segment Reporting [Abstract] |
Segment Information |
18. | SEGMENT INFORMATION
The following tables set forth financial and other information by business unit for the period indicated:
Three months ended September 30 Dollars in millions |  | Composite Fibers |  |  | Advanced Airlaid Materials |  |  | Specialty Papers |  |  | Other and Unallocated |  |  | Total |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Net sales |  | $ | 154.5 |  |  | $ | 161.5 |  |  | $ | 74.4 |  |  | $ | 69.5 |  |  | $ | 236.2 |  |  | $ | 225.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 465.1 |  |  | $ | 456.6 |
Energy and related sales, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.9 |  |  |  | 1.2 |  |  |  | — |  |  |  | — |  |  |  | 0.9 |  |  |  | 1.2 |
Total revenue |  |  | 154.5 |  |  |  | 161.5 |  |  |  | 74.4 |  |  |  | 69.5 |  |  |  | 237.1 |  |  |  | 226.9 |  |  |  | — |  |  |  | — |  |  |  | 466.0 |  |  |  | 457.8 |
Cost of products sold |  |  | 123.7 |  |  |  | 129.5 |  |  |  | 64.7 |  |  |  | 63.7 |  |  |  | 195.2 |  |  |  | 196.4 |  |  |  | 1.8 |  |  |  | 2.3 |  |  |  | 385.4 |  |  |  | 391.8 |
Gross profit (loss) |  |  | 30.8 |  |  |  | 31.9 |  |  |  | 9.7 |  |  |  | 5.8 |  |  |  | 41.9 |  |  |  | 30.5 |  |  |  | (1.8 | ) |  |  | (2.3 | ) |  |  | 80.5 |  |  |  | 66.0 |
SG&A |  |  | 12.6 |  |  |  | 13.0 |  |  |  | 2.2 |  |  |  | 1.9 |  |  |  | 14.1 |  |  |  | 12.5 |  |  |  | 9.0 |  |  |  | 7.1 |  |  |  | 37.9 |  |  |  | 34.5 |
Gains on dispositions of plant, equipment and timberlands, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1.6 | ) |  |  | (0.3 | ) |  |  | (1.6 | ) |  |  | (0.3 | )
Total operating income (loss) |  |  | 18.1 |  |  |  | 18.9 |  |  |  | 7.5 |  |  |  | 3.9 |  |  |  | 27.8 |  |  |  | 18.1 |  |  |  | (9.2 | ) |  |  | (9.1 | ) |  |  | 44.2 |  |  |  | 31.8 |
Non-operating expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4.8 | ) |  |  | (4.7 | ) |  |  | (4.8 | ) |  |  | (4.7 | )
Income (loss) before income taxes |  | $ | 18.1 |  |  | $ | 18.9 |  |  | $ | 7.5 |  |  | $ | 3.9 |  |  | $ | 27.8 |  |  | $ | 18.1 |  |  | $ | (14.0 | ) |  | $ | (13.8 | ) |  | $ | 39.4 |  |  | $ | 27.1 |
Supplementary Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net tons sold (thousands) |  |  | 40.1 |  |  |  | 40.3 |  |  |  | 26.3 |  |  |  | 24.8 |  |  |  | 208.4 |  |  |  | 203.6 |  |  |  | — |  |  |  | — |  |  |  | 274.7 |  |  |  | 268.7 |
Depreciation, depletion and amortization |  | $ | 7.4 |  |  | $ | 7.1 |  |  | $ | 2.3 |  |  | $ | 2.2 |  |  | $ | 6.5 |  |  | $ | 8.3 |  |  | $ | 0.5 |  |  | $ | 0.4 |  |  | $ | 16.7 |  |  | $ | 18.0 |
Capital expenditures |  |  | 5.4 |  |  |  | 12.8 |  |  |  | 1.3 |  |  |  | 0.8 |  |  |  | 9.7 |  |  |  | 11.1 |  |  |  | 0.5 |  |  |  | 0.7 |  |  |  | 16.9 |  |  |  | 25.3 |
Nine months ended September 30 Dollars in millions |  | Composite Fibers |  |  | Advanced Airlaid Materials |  |  | Specialty Papers |  |  | Other and Unallocated |  |  | Total |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Net sales |  | $ | 470.1 |  |  | $ | 415.9 |  |  | $ | 216.2 |  |  | $ | 202.2 |  |  | $ | 679.9 |  |  | $ | 669.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,366.2 |  |  | $ | 1,287.8 |
Energy and related sales, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6.9 |  |  |  | 2.7 |  |  |  | — |  |  |  | — |  |  |  | 6.9 |  |  |  | 2.7 |
Total revenue |  |  | 470.1 |  |  |  | 415.9 |  |  |  | 216.2 |  |  |  | 202.2 |  |  |  | 686.8 |  |  |  | 672.5 |  |  |  | — |  |  |  | — |  |  |  | 1,373.1 |  |  |  | 1,290.5 |
Cost of products sold |  |  | 376.7 |  |  |  | 334.5 |  |  |  | 189.9 |  |  |  | 182.0 |  |  |  | 624.3 |  |  |  | 599.7 |  |  |  | 5.2 |  |  |  | 10.0 |  |  |  | 1,196.1 |  |  |  | 1,126.3 |
Gross profit (loss) |  |  | 93.4 |  |  |  | 81.3 |  |  |  | 26.3 |  |  |  | 20.1 |  |  |  | 62.5 |  |  |  | 72.8 |  |  |  | (5.2 | ) |  |  | (10.0 | ) |  |  | 177.0 |  |  |  | 164.3 |
SG&A |  |  | 38.8 |  |  |  | 34.4 |  |  |  | 6.8 |  |  |  | 6.4 |  |  |  | 39.5 |  |  |  | 40.3 |  |  |  | 18.7 |  |  |  | 21.3 |  |  |  | 103.8 |  |  |  | 102.5 |
Gains on dispositions of plant, equipment and timberlands, net |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3.9 | ) |  |  | (0.4 | ) |  |  | (3.9 | ) |  |  | (0.4 | )
Total operating income (loss) |  |  | 54.6 |  |  |  | 46.9 |  |  |  | 19.5 |  |  |  | 13.7 |  |  |  | 23.0 |  |  |  | 32.5 |  |  |  | (20.0 | ) |  |  | (31.0 | ) |  |  | 77.1 |  |  |  | 62.1 |
Non-operating expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (14.0 | ) |  |  | (12.5 | ) |  |  | (14.0 | ) |  |  | (12.5 | )
Income (loss) before income taxes |  | $ | 54.6 |  |  | $ | 46.9 |  |  | $ | 19.5 |  |  | $ | 13.7 |  |  | $ | 23.0 |  |  | $ | 32.5 |  |  | $ | (34.0 | ) |  | $ | (43.5 | ) |  | $ | 63.1 |  |  | $ | 49.6 |
Supplementary Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net tons sold (thousands) |  |  | 119.5 |  |  |  | 97.9 |  |  |  | 76.0 |  |  |  | 72.4 |  |  |  | 601.3 |  |  |  | 601.6 |  |  |  | — |  |  |  | — |  |  |  | 796.8 |  |  |  | 771.9 |
Depreciation, depletion and amortization |  | $ | 22.7 |  |  | $ | 17.7 |  |  | $ | 6.9 |  |  | $ | 6.6 |  |  | $ | 22.6 |  |  | $ | 24.9 |  |  | $ | 1.3 |  |  | $ | 0.8 |  |  | $ | 53.5 |  |  | $ | 50.0 |
Capital expenditures |  |  | 16.7 |  |  |  | 49.0 |  |  |  | 4.1 |  |  |  | 4.8 |  |  |  | 24.5 |  |  |  | 27.9 |  |  |  | 1.7 |  |  |  | 4.4 |  |  |  | 47.0 |  |  |  | 86.1 |
The sum of individual amounts set forth above may not agree to the consolidated financial statements included herein due to rounding. On April 30, 2013, we completed the acquisition of Dresden for $211 million. Dresden’s results are included prospectively from the acquisition date as part of the Composite Fibers business unit. For additional information related to this acquisition, refer to Note 3 – Acquisition.

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