Business Segment Information

6 Months Ended

Jun. 30, 2011

Business Segment Information

Business Segment Information

Note 11.  Business Segment Information

The Company reports its operations in two segments: Technical Products and Fine Paper. The technical products business is an international producer of filtration media; durable, saturated and coated substrates for a variety of end uses; and nonwoven wall coverings. The fine paper business is a producer of premium writing, text, cover and specialty papers.  Each segment employs different technologies and marketing strategies.  Disclosure of segment information is on the same basis that management uses internally for evaluating segment performance and allocating resources.  Transactions between segments are eliminated in consolidation. The costs of shared services, and other administrative functions managed on a common basis, are allocated to the segments based on usage, where possible, or other factors based on the nature of the activity.  General corporate expenses that do not directly support the operations of the business segments are shown as Unallocated corporate costs.

The following table summarizes the net sales, operating income and total assets for each of the Company’s business segments.

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
Net sales
Technical Products	$	114.4	$	99.7	$	219.8	$	197.4
Fine Paper	68.5		68.9		135.8		138.5
Consolidated	$	182.9	$	168.6	$	355.6	$	335.9

	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Operating income
Technical Products	$	9.8		$	8.5		$	20.3		$	17.8
Fine Paper	10.0			9.2			20.5			18.7
Unallocated corporate costs	(4.1		)	(4.0		)	(10.3		)	(6.4		)
Consolidated	$	15.7		$	13.7		$	30.5		$	30.1

	June 30, 2011		December 31, 2010
Total Assets
Technical Products	$	382.0	$	337.9
Fine Paper	162.1		162.2
Corporate and other	58.9		106.6
Total	$	603.0	$	606.7