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Segment Information
 6 Months Ended
Jun. 28, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company is a leading global, technology-driven developer, producer and marketer of engineered materials, primarily focused on the production of nonwoven products. The Company operates through four reportable segments, with the main source of revenue being the sales of primary and intermediate products to consumer 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 reportable segments.
Segment information is based on the “management” approach which designates the internal reporting used by management for making decisions and assessing performance. The Company manages its business on a geographic basis, as each region provides similar products and services. The reportable segments are consistent with the manner in which financial information is desegregated for internal review and decision making. The accounting policies of the reportable segments are the same as those described in Note 3, “Summary of Significant Accounting Policies” of the Notes to Consolidated Financial Statements in Part II, Item 8 of the Company’s 2013 Form 10-K. Intercompany sales between the segments are eliminated.
In light of the recent acquisition of Providência, the Company realigned its reportable segments during the third quarter of 2014 to reflect its new organizational structure and business focus. Reportable segments are now as follows: North America, South America, Europe and Asia. The operations previously reported in the Oriented Polymers segment are now included within the North America segment, along with the operations in Mexico. The South America segment includes the Providência operations in Brazil in addition to our previously existing operations in Argentina and Colombia. The Europe and Asia segments remain unchanged. Prior period information has been updated to conform to the current year presentation.
Financial data by segment is as follows: 
In thousands
Three Months
Ended
June 28,
2014
 
Three Months
Ended
June 29,
2013
 
Six Months
Ended
June 28,
2014
 
Six Months
Ended
June 29,
2013
Net sales:
 
 
 
 
 
 
 
North America
$
195,425

 
$
136,346

 
$
388,723

 
$
272,224

South America
58,842

 
39,826

 
96,992

 
74,789

Europe
139,458

 
72,938

 
283,079

 
151,212

Asia
46,173

 
42,428

 
93,688

 
80,395

Total
$
439,898

 
$
291,538

 
$
862,482

 
$
578,620

 
 
 
 
 
 
 
 
Operating income (loss):
 
 
 
 
 
 
 
North America
$
22,976

 
$
14,357

 
$
40,758

 
$
25,858

South America
3,717

 
1,627

 
6,703

 
3,185

Europe
4,093

 
3,419

 
10,325

 
6,712

Asia
4,707

 
5,035

 
8,859

 
9,589

Unallocated Corporate
(16,838
)
 
(14,364
)
 
(30,091
)
 
(24,055
)
Eliminations
(93
)
 
(19
)
 
(130
)
 
(50
)
Subtotal
18,562

 
10,055

 
36,424

 
21,239

Special charges, net
(24,264
)
 
(1,750
)
 
(32,975
)
 
(3,554
)
Total
$
(5,702
)
 
$
8,305

 
$
3,449

 
$
17,685

 
 
 
 
 
 
 
 
Depreciation and amortization expense:
 
 
 
 
 
 
 
North America
$
9,684

 
$
6,319

 
$
19,513

 
$
12,814

South America
2,819

 
2,115

 
4,772

 
4,285

Europe
7,900

 
3,004

 
13,786

 
6,063

Asia
5,524

 
4,808

 
11,096

 
8,197

Unallocated Corporate
(293
)
 
421

 
48

 
853

Subtotal
25,634

 
16,667

 
49,215

 
32,212

Amortization of loan acquisition costs
1,274

 
607

 
2,300

 
1,214

Total
$
26,908

 
$
17,274

 
$
51,515

 
$
33,426

 
 
 
 
 
 
 
 
Capital spending:
 
 
 
 
 
 
 
North America
$
10,807

 
$
1,136

 
$
16,858

 
$
1,959

South America
1,525

 
198

 
3,734

 
318

Europe
1,512

 
501

 
4,021

 
1,049

Asia
4,884

 
9,964

 
7,484

 
22,523

Corporate
957

 
384

 
1,703

 
651

Total
$
19,685

 
$
12,183

 
$
33,800

 
$
26,500

 
In thousands
June 28,
2014
 
December 28,
2013
Division assets:
 
 
 
North America
$
937,919

 
$
644,913

South America
564,990

 
135,373

Europe
355,112

 
351,591

Asia
264,748

 
265,729

Corporate
79,783

 
66,914

Total
$
2,202,552

 
$
1,464,520