Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's three operating product line segments are also the Company's three reportable segments: Paper, Reconstituted Tobacco and Filtration. The Paper segment primarily produces Cigarette Papers including LIP papers, plug wrap papers and base tipping papers used to wrap various parts of a cigarette for sale to cigarette manufacturers. The Paper segment also includes commercial and industrial products such as lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter paper and other specialized papers. These non-tobacco industry products are generally sold directly to converters and other end-users or brokers. The Reconstituted Tobacco segment produces RTL and wrapper and binder products for sale to cigarette and cigar manufacturers. The Filtration segment primarily produces nonwoven materials which are critical components performing support, separation or filtration functions.

Information about Net Sales and Operating Profit

The accounting policies of these segments are the same as those described in Note 2. Summary of Significant Accounting Policies in the Notes to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2013. The Company primarily evaluates segment performance and allocates resources based on operating profit. Expense amounts not associated with segments are referred to as unallocated expenses.

($ in millions)	Net Sales
	Three Months Ended								Six months ended
	June 30, 2014				June 30, 2013				June 30, 2014				June 30, 2013
Paper	$	125.1	61.4	%	$	137.8	70.1	%	$	253.9	62.2	%	$	276.7	70.8	%
Reconstituted Tobacco	46.4		22.8		58.7		29.9		90.6		22.2		114.3		29.2
Filtration	32.1		15.8		—		—		63.8		15.6		—		—
Total Consolidated	$	203.6	100.0	%	$	196.5	100.0	%	$	408.3	100.0	%	$	391.0	100.0	%

($ in millions)	Operating Profit
	Three Months Ended										Six Months Ended
	June 30, 2014					June 30, 2013					June 30, 2014					June 30, 2013
Paper	$	21.6		70.8	%	$	26.0		61.8	%	$	44.1		69.3	%	$	51.3		61.2	%
Reconstituted Tobacco	11.7			38.4		22.1			52.5		27.9			43.9		43.5			51.9
Filtration	3.9			12.8		—			—		4.3			6.8		—			—
Unallocated	(6.7		)	(22.0	)	(6.0		)	(14.3	)	(12.7		)	(20.0	)	(11.0		)	(13.1	)
Total Consolidated	$	30.5		100.0	%	$	42.1		100.0	%	$	63.6		100.0	%	$	83.8		100.0	%