XML 26 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Financial Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Condensed Consolidating Financial Information        
Ownership interest in Guarantor Subsidiaries (as a percent) 100.00%   100.00%  
Condensed consolidating statement of operations        
Net sales $ 206.3 $ 174.9 $ 616.2 $ 530.5
Cost of products sold 170.6 147.5 494.8 436.4
Gross profit 35.7 27.4 121.4 94.1
Selling, general and administrative expenses 18.5 15.1 57.1 50.1
SERP settlement charge     3.5  
Acquisition integration costs 0.3   4.7  
Loss on retirement of bonds     0.2 2.4
Other expense - net 0.6 (0.2) 1.4 (1.4)
Operating income 16.3 12.5 54.5 43.0
Interest expense - net 3.3 3.6 10.4 11.8
Income from continuing operations before income taxes 13.0 8.9 44.1 31.2
Provision for income taxes 3.8 2.1 13.3 9.6
Income from continuing operations 9.2 6.8 30.8 21.6
Loss from discontinued operations, net of income taxes (0.1) (0.1) (0.1) (0.2)
Net income 9.1 6.7 30.7 21.4
Neenah Paper, Inc.
       
Condensed consolidating statement of operations        
Net sales 108.5 67.1 305.3 202.0
Cost of products sold 86.4 51.7 237.9 153.8
Gross profit 22.1 15.4 67.4 48.2
Selling, general and administrative expenses 12.5 9.2 36.0 30.7
SERP settlement charge     3.5  
Acquisition integration costs 0.3   4.7  
Loss on retirement of bonds 0.2   0.2 2.4
Other expense - net   (0.2) 0.1 (0.5)
Operating income 9.3 6.4 22.9 15.6
Equity in earnings of subsidiaries (5.1) (5.1) (23.7) (20.8)
Interest expense - net 3.2 3.3 9.9 10.9
Income from continuing operations before income taxes 11.2 8.2 36.7 25.5
Provision for income taxes 2.1 1.5 6.0 4.1
Income from continuing operations 9.1 6.7 30.7 21.4
Net income 9.1 6.7 30.7 21.4
Guarantor Subsidiaries
       
Condensed consolidating statement of operations        
Net sales 35.3 34.4 107.0 110.8
Cost of products sold 28.7 29.2 84.9 90.0
Gross profit 6.6 5.2 22.1 20.8
Selling, general and administrative expenses 2.4 2.1 8.0 7.7
Other expense - net 0.3 0.1 0.9 0.3
Operating income 3.9 3.0 13.2 12.8
Interest expense - net       0.1
Income from continuing operations before income taxes 3.9 3.0 13.2 12.7
Provision for income taxes 1.6 0.4 4.8 4.2
Income from continuing operations 2.3 2.6 8.4 8.5
Loss from discontinued operations, net of income taxes (0.1) (0.1) (0.1) (0.2)
Net income 2.2 2.5 8.3 8.3
Non-Guarantor Subsidiaries
       
Condensed consolidating statement of operations        
Net sales 62.5 73.4 203.9 217.7
Cost of products sold 55.5 66.6 172.0 192.6
Gross profit 7.0 6.8 31.9 25.1
Selling, general and administrative expenses 3.6 3.8 13.1 11.7
Other expense - net 0.3 (0.1) 0.4 (1.2)
Operating income 3.1 3.1 18.4 14.6
Interest expense - net 0.1 0.3 0.5 0.8
Income from continuing operations before income taxes 3.0 2.8 17.9 13.8
Provision for income taxes 0.1 0.2 2.5 1.3
Income from continuing operations 2.9 2.6 15.4 12.5
Net income 2.9 2.6 15.4 12.5
Consolidating Adjustments
       
Condensed consolidating statement of operations        
Equity in earnings of subsidiaries 5.1 5.1 23.7 20.8
Income from continuing operations before income taxes (5.1) (5.1) (23.7) (20.8)
Income from continuing operations (5.1) (5.1) (23.7) (20.8)
Net income $ (5.1) $ (5.1) $ (23.7) $ (20.8)