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Segment Information
 12 Months Ended
Dec. 31, 2011
Segment Information
NOTE 17

Segment Information

We were organized in two reportable operating segments: Consumer Products and Pulp and Paperboard. Prior to January 1, 2011, intersegment pulp transfers from our Pulp and Paperboard segment to our Consumer Products segment were recorded as net sales for the Pulp and Paperboard segment at prevailing market prices and eliminated, on a consolidated basis, to reconcile the segments’ total net sales to our consolidated net sales. Commencing January 1, 2011, rather than recording the intersegment transfer of pulp through net sales, the costs of pulp are transferred from the Pulp and Paperboard segment to the Consumer Products segment. As a result, there are no eliminations required to reconcile our total consolidated net sales to the segments’ total net sales. In order to facilitate comparability with the 2010 and 2009 periods, the operating results have been recast to reflect the revised cost transfer methodology.

Following is a tabular presentation of business segment information for each of the past three years. Corporate information is included to reconcile segment data to the financial statements.

 

(In thousands)      2011      2010      2009  

Segment net sales:

           

Consumer Products

      $ 1,092,133       $ 570,047       $ 553,959   

Pulp and Paperboard

        835,840         802,918         696,110   

 

  

Total segment net sales

      $ 1,927,973       $ 1,372,965       $ 1,250,069   

 

  

Operating income:

           

Consumer Products

      $ 42,806       $ 80,791       $ 112,219   

Pulp and PaperboardA

        92,827         64,869         201,792   

 

  
       135,633         145,660         314,011   

Corporate and eliminationsA

        (20,188 )       (46,893 )       (16,571 ) 

 

  

Income from operations

      $ 115,445       $ 98,767       $ 297,440   

 

  

Depreciation and amortization:

           

Consumer Products

      $ 50,391       $ 16,994       $ 16,022   

Pulp and Paperboard

        26,073         28,658         29,857   

Corporate

        469         2,076         1,539   

 

  

Total depreciation and amortization

      $ 76,933       $ 47,728       $ 47,418   

 

  

Assets:

           

Consumer Products

      $ 1,081,988       $ 969,450       $ 256,927   

Pulp and Paperboard

        355,886         377,674         386,748   

 

  
       1,437,874         1,347,124         643,675   

Corporate

        133,444         198,212         303,788   

 

  

Total Assets

      $ 1,571,318       $ 1,545,336       $ 947,463   

 

  

Capital Expenditures:

           

Consumer Products

      $ 117,059       $ 33,902       $ 14,182   

Pulp and Paperboard

        15,355         10,208         4,362   

 

  
       132,414         44,110         18,544   

Corporate

        5,329         2,923         784   

 

  

Total Capital Expenditures

      $ 137,743       $ 47,033       $ 19,328   

 

  

 

A

Results for Pulp and Paperboard for 2011 included additional expenses associated with the sale of the Lewiston, Idaho sawmill, which were partially offset by LIFO inventory liquidation and other adjustments recorded at the corporate level.

 

Our manufacturing facilities and all other assets are located within the continental United States, except for one production facility in St. Catharines, Ontario, Canada. We sell and ship our products to customers in many foreign countries. Geographic information regarding our net sales is summarized as follows:

 

(In thousands)      2011        2010        2009  

United States

      $ 1,751,482         $ 1,236,400         $ 1,134,831   

Japan

        63,584           53,390           39,765   

Canada

        31,256           15,060           13,523   

Taiwan

        16,205           12,257           7,730   

China

        15,081           9,128           14,424   

Mexico

        13,619           9,843           7,932   

Australia

        6,246           6,173           7,838   

Korea

        5,426           6,258           9,290   

Netherlands

        3,163           4,181           627   

Germany

        3,042           2,729           979   

Great Britain

        1,767           271           2,827   

Vietnam

        1,133           4,523           944   

India

        585           2,856           304   

Other foreign countries

        15,384           9,896           9,055   

 

  

Total Net Sales

      $ 1,927,973         $ 1,372,965         $ 1,250,069