v2.4.0.6
Segment Information
 3 Months Ended
Mar. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company is a leading global innovator, manufacturer and marketer of engineered materials, primarily focused on the production of nonwoven products. The Company operates through four segments, with the main source of revenue being the sales of primary and intermediate products to the hygiene, healthcare, wipes and industrial markets. The Company has one major customer that accounts for over 10% of its business, the loss of which would have a material adverse impact on reported financial results. Sales to this customer are reported within each of the the Nonwoven segments.
During 2012, the Company approved the internal redesign and restructuring of its global operations for the purposes of realigning and repositioning the Company to consolidate the benefits of its global footprint, align resources and capabilities with future growth opportunities and provide for a more efficient structure to serve existing markets. As part of the change, the Company eliminated the Latin America Nonwovens segment and merged it with the U.S. Nonwoven segment to create the Americas Nonwoven segment. The Company's segments are now as follows: Americas Nonwovens, Europe Nonwovens, Asia Nonwovens and Oriented Polymers segments. Segment information for all years has been revised to reflect the new structure.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies except that the segment results are prepared on a management basis that is consistent with the manner in which the Company desegregates financial information for internal review and decision making. Intercompany sales between the segments are eliminated.
Financial data by segment is as follows: 
In thousands
Three Months
Ended
March 30,
2013
 
Three Months
Ended
March 31,
2012
Net sales
 
 
 
Americas Nonwovens
$
153,004

 
$
165,893

Europe Nonwovens
78,274

 
75,667

Asia Nonwovens
37,967

 
36,423

Oriented Polymers
17,837

 
17,188

Total
$
287,082

 
$
295,171

 
 
 
 
Operating income (loss)
 
 
 
Americas Nonwovens
$
11,474

 
$
19,289

Europe Nonwovens
3,292

 
3,647

Asia Nonwovens
4,553

 
4,011

Oriented Polymers
1,593

 
1,677

Unallocated Corporate
(9,692
)
 
(9,368
)
Eliminations
(36
)
 
161

Subtotal
11,184

 
19,417

Special charges, net
(1,804
)
 
(2,419
)
Total
$
9,380

 
$
16,998

 
 
 
 
Depreciation and amortization expense
 
 
 
Americas Nonwovens
$
8,317

 
$
8,337

Europe Nonwovens
3,059

 
2,695

Asia Nonwovens
3,389

 
3,317

Oriented Polymers
348

 
381

Unallocated Corporate
432

 
437

Subtotal
15,545

 
15,167

Amortization of loan acquisition costs
607

 
685

Total
$
16,152

 
$
15,852

 
 
 
 
Capital spending
 
 
 
Americas Nonwovens
$
818

 
$
640

Europe Nonwovens
548

 
2,243

Asia Nonwovens
12,559

 
9,709

Oriented Polymers
125

 
86

Corporate
267

 
634

Total
$
14,317

 
$
13,312

 
In thousands
March 30,
2013
 
December 29,
2012
Division assets
 
 
 
Americas Nonwovens
$
494,577

 
$
513,765

Europe Nonwovens
197,831

 
202,139

Asia Nonwovens
255,873

 
248,790

Oriented Polymers
28,626

 
25,329

Corporate
36,728

 
32,046

Total
$
1,013,635

 
$
1,022,069