Segment Information

3 Months Ended

Mar. 31, 2020

The Company's two operating product line segments are also the Company's reportable segments: Advanced Materials & Structures and Engineered Papers. The AMS segment primarily produces engineered resin-based rolled goods such as nets, films and other non-wovens for use in high-performance applications in the filtration, infrastructure and construction, transportation, medical and industrial end-markets. It consists of the operations of various acquisitions. The EP segment primarily produces various cigarette papers and Recon for sale to cigarette manufacturers. The EP segment also includes non-tobacco paper for battery separators, printing and writing, drinking straw wrap and furniture laminates.

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, 2019. 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
	March 31, 2020				March 31, 2019
Advanced Materials & Structures	$	122.9	47.0	%	$	120.5	46.7	%
Engineered Papers	138.6		53.0		137.5		53.3
Total Consolidated	$	261.5	100.0	%	$	258.0	100.0	%



($ in millions)	Operating Profit
	Three Months Ended
	March 31, 2020					March 31, 2019
Advanced Materials & Structures	$	13.7		40.2	%	$	14.9		49.0	%
Engineered Papers	33.4			97.9		28.7			94.4
Unallocated	(13.0		)	(38.1	)	(13.2		)	(43.4	)
Total Consolidated	$	34.1		100.0	%	$	30.4		100.0	%



($ in millions)	Segment Assets
	March 31, 2020		December 31, 2019
Advanced Materials & Structures	$	973.2	$	781.2
Engineered Papers	475.5		512.4
Unallocated	206.5		178.1
Total Consolidated	$	1,655.2	$	1,471.7