| Segment Information |
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
September 29,
2012 | | Three Months
Ended
October 1,
2011 | | Nine Months
Ended
September 29,
2012 | | Eight Months
Ended
October 1,
2011 | | | One Month
Ended
January 28,
2011 | Net sales | | | | | | | | | | | Americas Nonwovens | $ | 163,321 |
| | $ | 180,118 |
| | $ | 494,750 |
| | $ | 450,936 |
| | | $ | 46,093 |
| Europe Nonwovens | 67,825 |
| | 79,956 |
| | 219,506 |
| | 221,947 |
| | | 24,305 |
| Asia Nonwovens | 42,900 |
| | 39,982 |
| | 115,771 |
| | 95,842 |
| | | 9,403 |
| Oriented Polymers | 16,051 |
| | 15,442 |
| | 51,485 |
| | 42,267 |
| | | 4,805 |
| | $ | 290,097 |
| | $ | 315,498 |
| | $ | 881,512 |
| | $ | 810,992 |
| | | $ | 84,606 |
| Operating income (loss) | | | | | | | | | | | Americas Nonwovens | $ | 20,590 |
| | $ | 15,909 |
| | $ | 51,333 |
| | $ | 28,868 |
| | | $ | 4,595 |
| Europe Nonwovens | 2,249 |
| | 2,907 |
| | 9,383 |
| | 6,036 |
| | | 1,812 |
| Asia Nonwovens | 4,850 |
| | 5,122 |
| | 13,194 |
| | 13,897 |
| | | 1,718 |
| Oriented Polymers | 779 |
| | 556 |
| | 3,800 |
| | 898 |
| | | 553 |
| Unallocated Corporate | (9,284 | ) | | (11,670 | ) | | (27,802 | ) | | (28,592 | ) | | | (3,603 | ) | Eliminations | (19 | ) | | (42 | ) | | 72 |
| | (28 | ) | | | — |
| | 19,165 |
| | 12,782 |
| | 49,980 |
| | 21,079 |
| | | 5,075 |
| Special charges, net | (1,732 | ) | | (1,399 | ) | | (12,904 | ) | | (29,467 | ) | | | (20,824 | ) | | $ | 17,433 |
| | $ | 11,383 |
| | $ | 37,076 |
| | $ | (8,388 | ) | | | $ | (15,749 | ) | Depreciation and amortization expense | | | | | | | | | | | Americas Nonwovens | $ | 9,460 |
| | $ | 8,882 |
| | $ | 26,825 |
| | $ | 23,036 |
| | | $ | 2,411 |
| Europe Nonwovens | 2,858 |
| | 2,813 |
| | 8,111 |
| | 7,440 |
| | | 368 |
| Asia Nonwovens | 3,322 |
| | 3,285 |
| | 10,141 |
| | 6,530 |
| | | 589 |
| Oriented Polymers | 351 |
| | 356 |
| | 1,063 |
| | 961 |
| | | 36 |
| Unallocated Corporate | 411 |
| | 462 |
| | 1,270 |
| | 1,139 |
| | | 68 |
| Depreciation and amortization expense included in operating income | 16,402 |
| | 15,798 |
| | 47,410 |
| | 39,106 |
| | | 3,472 |
| Amortization of loan acquisition costs | 686 |
| | 684 |
| | 2,056 |
| | 1,845 |
| | | 51 |
| | $ | 17,088 |
| | $ | 16,482 |
| | $ | 49,466 |
| | $ | 40,951 |
| | | $ | 3,523 |
| Capital spending | | | | | | | | | | | Americas Nonwovens | $ | 1,132 |
| | $ | 6,802 |
| | $ | 2,946 |
| | $ | 20,453 |
| | | $ | 5,803 |
| Europe Nonwovens | 2,636 |
| | 4,484 |
| | 7,194 |
| | 6,222 |
| | | 41 |
| Asia Nonwovens | 6,422 |
| | 8,531 |
| | 28,874 |
| | 26,401 |
| | | 2,507 |
| Oriented Polymers | 284 |
| | — |
| | 454 |
| | 266 |
| | | 38 |
| Corporate | 42 |
| | 355 |
| | 678 |
| | 414 |
| | | 16 |
| | $ | 10,516 |
| | $ | 20,172 |
| | $ | 40,146 |
| | $ | 53,756 |
| | | $ | 8,405 |
|
| | | | | | | | | | September 29,
2012 | | December 31,
2011 | Division assets | | | | Americas Nonwovens | $ | 531,686 |
| | $ | 564,424 |
| Europe Nonwovens | 212,722 |
| | 218,151 |
| Asia Nonwovens | 233,338 |
| | 228,448 |
| Oriented Polymers | 29,016 |
| | 25,474 |
| Corporate | 43,369 |
| | 23,623 |
| Eliminations | 439 |
| | 458 |
| | $ | 1,050,570 |
| | $ | 1,060,578 |
|
|