v2.4.0.6
Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Segment Information

Note 16.  Segment Information

The Company’s reportable segments consist of Americas Nonwovens, Europe Nonwovens, Asia Nonwovens, and Oriented Polymers. As a result of the internal redesign and restructuring discussed in Note 3 “Special Charges, Net”, the Company made a change in its reportable segments in order to appropriately reflect how the overall business is now managed by the Company’s senior management and reviewed by the Board of Directors. All past periods presented have been restated based on this reportable segment structure. The Nonwovens businesses sell to the same end-use markets, such as hygiene, healthcare, wipes and industrial markets. Sales to P&G accounted for more than 10% of the Company’s sales in each of the periods presented. Sales to this customer are reported primarily in the Nonwovens segments and the loss of these sales would have a material adverse effect on those segments.

The segment information presented in the table below excludes the results of Difco. As discussed in further detail in Note 4 “Discontinued Operations”, Difco is accounted for as discontinued operations in accordance with the guidance of ASC 205.

 

Financial data by segment is as follows (in thousands):

 

                                             
    Successor          Predecessor  
    Three Months
Ended
June 30,
2012		     Three Months
Ended
July 2,
2011		     Six Months
Ended
June 30,
2012		     Five Months
Ended
July 2,
2011		          One Month
Ended
January 28,
2011		  

Net sales

                                            

Americas Nonwovens

   $ 165,536     $ 162,879     $ 331,429     $ 270,819         $ 46,093  

Europe Nonwovens

     76,015       82,604       151,681       141,991           24,305  

Asia Nonwovens

     36,448       35,414       72,871       55,860           9,403  

Oriented Polymers

     18,245       15,560       35,434       26,824           4,805  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  
    $ 296,244     $ 296,457     $ 591,415     $ 495,494         $ 84,606  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Operating income (loss)

                                            

Americas Nonwovens

   $ 11,454     $ 10,283     $ 30,743     $ 12,961         $ 4,595  

Europe Nonwovens

     3,487       3,706       7,134       3,128           1,812  

Asia Nonwovens

     4,333       6,168       8,344       8,775           1,718  

Oriented Polymers

     1,348       47       3,025       342           553  

Unallocated Corporate

     (9,154 )      (9,975 )      (18,522 )      (16,923 )          (3,603 ) 

Eliminations

     (70 )      77       91       14           —    
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  
      11,398       10,306       30,815       8,297           5,075  

Special charges, net

     (8,753 )      (3,120 )      (11,172 )      (28,068 )          (20,824 ) 
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  
    $ 2,645     $ 7,186     $ 19,643     $ (19,771 )        $ (15,749 ) 
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Depreciation and amortization expense included in operating income (loss)

                                            

Americas Nonwovens

   $ 9,028     $ 8,422     $ 17,365     $ 14,154         $ 2,411  

Europe Nonwovens

     2,557       2,779       5,253       4,626           368  

Asia Nonwovens

     3,501       1,933       6,819       3,245           589  

Oriented Polymers

     336       360       717       605           36  

Unallocated Corporate

     418       403       854       677           68  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Depreciation and amortization expense included in operating income

     15,840       13,897       31,008       23,307           3,472  

Amortization of loan acquisition costs

     685       684       1,370       1,160           51  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  
    $ 16,525     $ 14,581     $ 32,378     $ 24,467         $ 3,523  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

Capital spending

                                            

Americas Nonwovens

   $ 1,174     $ 9,575     $ 1,814     $ 13,651         $ 5,803  

Europe Nonwovens

     2,315       1,092       4,558       1,738           41  

Asia Nonwovens

     12,743       12,309       22,452       17,870           2,507  

Oriented Polymers

     84       89       170       266           38  

Corporate

     2       52       636       59           16  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  
    $ 16,318     $ 23,117     $ 29,630     $ 33,584         $ 8,405  
   

 

 

    

 

 

    

 

 

    

 

 

        

 

 

  

 

                 
    June 30,
2012		     December 31,
2011		  

Division assets

                

Americas Nonwovens

   $ 533,448     $ 564,424  

Europe Nonwovens

     212,998       218,151  

Asia Nonwovens

     218,034       228,448  

Oriented Polymers

     27,468       25,474  

Corporate

     54,503       23,623  

Eliminations

     458       458  
   

 

 

    

 

 

  
    $ 1,046,909     $ 1,060,578