Segment Information

3 Months Ended

Mar. 30, 2014

Segment Information [Abstract]

Segment Information

17.      SEGMENT INFORMATION

The Company’s reportable segments are as follows: carbonless papers, thermal papers and Encapsys®. Management evaluates the performance of the segments based primarily on operating income (loss). Items excluded from the determination of segment operating income (loss) are unallocated corporate charges, interest expense and foreign exchange loss. The Company does not allocate total assets internally in assessing operating performance and does not track capital expenditures by segment. Net sales, operating income (loss) and depreciation and amortization, as determined by the Company for its reportable segments, are as follows (dollars in thousands):

	For the		For the
	Three Months Ended		Three Months Ended
	March 30, 2014		March 31, 2013
Net sales
Carbonless papers	$	88,008	$	89,740
Thermal papers		105,464		112,566
		193,472		202,306
Encapsys		14,540		13,118
Intersegment (A)		(4,258)		(4,590)
Total	$	203,754	$	210,834
Operating income (loss)
Carbonless papers	$	9,242	$	10,794
Thermal papers		3,718		6,426
		12,960		17,220
Encapsys		3,970		3,436
Unallocated corporate charges		(1,765)		(2,064)
Intersegment (A)		(660)		(710)
Total	$	14,505	$	17,882
Depreciation and amortization (B)
Carbonless papers	$	3,411	$	3,655
Thermal papers		3,213		3,355
		6,624		7,010
Encapsys		681		467
Unallocated corporate charges		49		19
Total	$	7,354	$	7,496

(A) Intersegment represents the portion of the Encapsys segment financial results relating to microencapsulated products provided internally for the production of carbonless papers.

(B) Depreciation and amortization are allocated to the reportable segments based on the amount of activity provided by departments to the respective product lines in each reportable segment.