XML 41 R24.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2018
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 |  |  |  | Advanced Airlaid |  |  | Other and |  |  |  |
Dollars in millions | Composite Fibers |  |  | Materials |  |  | Unallocated |  |  | Total |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Net sales | $ | 139.2 |  |  | $ | 142.3 |  |  | $ | 70.7 |  |  | $ | 67.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 209.9 |  |  | $ | 210.1 |
Cost of products sold |  | 116.8 |  |  |  | 115.0 |  |  |  | 62.3 |  |  |  | 57.2 |  |  |  | 0.9 |  |  |  | 0.5 |  |  |  | 180.0 |  |  |  | 172.7 |
Gross profit (loss) |  | 22.4 |  |  |  | 27.3 |  |  |  | 8.4 |  |  |  | 10.6 |  |  |  | (0.9 | ) |  |  | (0.5 | ) |  |  | 29.9 |  |  |  | 37.4 |
SG&A |  | 10.5 |  |  |  | 10.9 |  |  |  | 2.9 |  |  |  | 2.4 |  |  |  | 12.4 |  |  |  | 13.8 |  |  |  | 25.8 |  |  |  | 27.1 |
(Gains) losses on dispositions of plant, equipment and timberlands, net |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.2 | ) |  |  | (0.1 | ) |  |  | (0.2 | ) |  |  | (0.1 | )
Total operating income (loss) |  | 11.9 |  |  |  | 16.4 |  |  |  | 5.5 |  |  |  | 8.2 |  |  |  | (13.1 | ) |  |  | (14.2 | ) |  |  | 4.3 |  |  |  | 10.4 |
Non-operating expense |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1.6 | ) |  |  | (3.7 | ) |  |  | (1.6 | ) |  |  | (3.7 | )
Income (loss) before income taxes | $ | 11.9 |  |  | $ | 16.4 |  |  | $ | 5.5 |  |  | $ | 8.2 |  |  | $ | (14.7 | ) |  | $ | (17.9 | ) |  | $ | 2.8 |  |  | $ | 6.7 |
Supplementary Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net tons sold (thousands) |  | 37.4 |  |  |  | 39.7 |  |  |  | 24.0 |  |  |  | 23.8 |  |  |  | — |  |  |  | — |  |  |  | 61.5 |  |  |  | 63.5 |
Depreciation, depletion and amortization | $ | 7.1 |  |  | $ | 7.1 |  |  | $ | 3.4 |  |  | $ | 2.5 |  |  | $ | 1.0 |  |  | $ | 0.6 |  |  | $ | 11.5 |  |  | $ | 10.2 |
Capital expenditures |  | 3.0 |  |  |  | 3.8 |  |  |  | 1.9 |  |  |  | 12.6 |  |  |  | 1.3 |  |  |  | 4.6 |  |  |  | 6.2 |  |  |  | 21.0 |
Nine months ended September 30 |  |  |  | Advanced Airlaid |  |  | Other and |  |  |  |
Dollars in millions | Composite Fibers |  |  | Materials |  |  | Unallocated |  |  | Total |
| 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Net sales | $ | 423.7 |  |  | $ | 400.6 |  |  | $ | 213.1 |  |  | $ | 190.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 636.8 |  |  | $ | 591.0 |
Cost of products sold |  | 349.5 |  |  |  | 322.2 |  |  |  | 184.7 |  |  |  | 160.7 |  |  |  | 2.9 |  |  |  | 2.9 |  |  |  | 537.1 |  |  |  | 485.8 |
Gross profit (loss) |  | 74.2 |  |  |  | 78.4 |  |  |  | 28.4 |  |  |  | 29.7 |  |  |  | (2.9 | ) |  |  | (2.9 | ) |  |  | 99.7 |  |  |  | 105.3 |
SG&A |  | 34.0 |  |  |  | 32.9 |  |  |  | 8.1 |  |  |  | 6.9 |  |  |  | 39.8 |  |  |  | 41.7 |  |  |  | 81.9 |  |  |  | 81.5 |
(Gains) losses on dispositions of plant, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
equipment and timberlands, net |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1.9 | ) |  |  | (0.2 | ) |  |  | (1.9 | ) |  |  | (0.2 | )
Total operating income (loss) |  | 40.2 |  |  |  | 45.5 |  |  |  | 20.3 |  |  |  | 22.8 |  |  |  | (40.8 | ) |  |  | (44.4 | ) |  |  | 19.8 |  |  |  | 23.9 |
Non-operating expense |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9.9 | ) |  |  | (10.4 | ) |  |  | (9.9 | ) |  |  | (10.4 | )
Income (loss) before income taxes | $ | 40.2 |  |  | $ | 45.5 |  |  | $ | 20.3 |  |  | $ | 22.8 |  |  | $ | (50.7 | ) |  | $ | (54.8 | ) |  | $ | 9.9 |  |  | $ | 13.5 |
Supplementary Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net tons sold (thousands) |  | 110.4 |  |  |  | 112.9 |  |  |  | 72.4 |  |  |  | 69.5 |  |  |  | — |  |  |  | — |  |  |  | 182.8 |  |  |  | 182.4 |
Depreciation, depletion and amortization | $ | 21.7 |  |  | $ | 20.9 |  |  | $ | 9.7 |  |  | $ | 7.1 |  |  | $ | 3.3 |  |  | $ | 2.3 |  |  | $ | 34.7 |  |  | $ | 30.3 |
Capital expenditures |  | 10.9 |  |  |  | 10.6 |  |  |  | 17.6 |  |  |  | 36.1 |  |  |  | 3.7 |  |  |  | 11.3 |  |  |  | 32.2 |  |  |  | 58.0 |
The sum of individual amounts set forth above may not agree to the condensed consolidated financial statements included herein due to rounding. Business Units Results of individual business units are presented based on our management accounting practices and management structure. There is no comprehensive, authoritative body of guidance for management accounting equivalent to accounting principles generally accepted in the United States of America; therefore, the financial results of individual business units are not necessarily comparable with similar information for any other company. The management accounting process uses assumptions and allocations to measure performance of the business units. Methodologies are refined from time to time as management accounting practices are enhanced and businesses change. The costs incurred by support areas not directly aligned with the business unit are allocated primarily based on an estimated utilization of support area services or are included in “Other and Unallocated” in the table set forth above. Management evaluates results of operations of the business units before certain corporate level costs and the effects of certain gains or losses not considered to be related to the core business operations. Management believes that this is a more meaningful representation of the operating performance of its core businesses, the profitability of business units and the extent of cash flow generated from these core operations. Such amounts are presented under the caption “Other and Unallocated.” In the evaluation of business unit results, management does not use any measures of total assets. This presentation is aligned with the management and operating structure of our company. It is also on this basis that the Company’s performance is evaluated internally and by the Company’s Board of Directors. Specialty Papers’ results of operations are reported as discontinued operations. In addition, corporate shared services costs previously included in Specialty Papers’ results are required to be included in income from continuing operations and are reported as “other and unallocated”.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration