XML 60 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segment and Geographic Information (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of net sales by product
The following table presents sales by product category for the fine paper and packaging business:
 
 
Year Ended
December 31,
 
 
2017
 
2016
 
2015
Graphic Imaging
 
80
%
 
81
%
 
80
%
Packaging
 
16
%
 
14
%
 
15
%
Filing/Office
 
4
%
 
5
%
 
5
%
Total
 
100
%
 
100
%
 
100
%
The following table presents sales by product category for the technical products business:
 
 
Year Ended
December 31,
 
 
2017
 
2016
 
2015
Filtration
 
44
%
 
42
%
 
45
%
Backings
 
32
%
 
31
%
 
30
%
Specialty
 
24
%
 
27
%
 
25
%
Total
 
100
%
 
100
%
 
100
%
Schedule of net sales, operating income (loss) and total assets for each business segment
Business Segments
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Net sales
 
 

 
 

 
 

Technical Products
 
$
502.1

 
$
466.4

 
$
429.2

Fine Paper and Packaging
 
455.3

 
452.1

 
442.7

Other
 
22.5

 
23.0

 
15.8

Consolidated
 
$
979.9

 
$
941.5

 
$
887.7

 
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Operating income (loss)
 
 

 
 

 
 

Technical Products (a)
 
$
55.3

 
$
65.6

 
$
54.1

Fine Paper and Packaging (b)
 
69.5

 
70.7

 
67.3

Other (c)
 
(0.4
)
 
(1.1
)
 
(2.0
)
Unallocated corporate costs (d)
 
(20.1
)
 
(21.1
)
 
(18.0
)
Consolidated
 
$
104.3

 
$
114.1

 
$
101.4

_______________________

(a)
Operating income for the year ended December 31, 2016 included integration costs of $1.4 million. Operating income for the year ended December 31, 2015 included acquisition, integration and restructuring costs of $1.7 million.
(b)
Operating income for the year ended December 31, 2017 included a representations and warranties insurance settlement of $2.9 million. Operating income for the years ended December 31, 2016 and 2015 included acquisition and integration costs of $1.8 million and $1.5 million, respectively.
(c)
Operating income for the year ended December 31, 2017 included a representations and warranties insurance settlement of $0.3 million. Operating income for the years ended December 31, 2016 and 2015 included acquisition and integration costs of $1.1 million and $2.4 million, respectively.
(d)
Unallocated corporate costs for the year ended December 31, 2017 included acquisition and integration costs of $1.3 million and $0.6 million from pension plan and SERP settlement costs. December 31, 2016 included $2.7 million of pre-operating costs related to conversion of a fine paper machine to filtration and $0.8 million for a pension plan settlement charge. December 31, 2015 included $0.8 million of costs related to this filtration project.


 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Depreciation and amortization
 
 

 
 

 
 

Technical Products
 
$
19.4

 
$
18.1

 
$
16.5

Fine Paper and Packaging
 
11.0

 
11.1

 
9.8

Other
 
1.2

 
1.3

 
0.6

Corporate
 
1.7

 
1.5

 
1.9

Total Continuing Operations
 
33.3

 
32.0

 
28.8

Discontinued operations
 

 

 
2.7

Consolidated
 
$
33.3

 
$
32.0

 
$
31.5



 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Capital expenditures
 
 

 
 

 
 

Technical Products
 
$
28.6

 
$
57.9

 
$
36.0

Fine Paper and Packaging
 
12.5

 
7.6

 
10.3

Other
 
1.1

 
0.3

 
0.4

Corporate
 
0.5

 
2.7

 
0.8

Total Continuing Operations
 
42.7

 
68.5

 
47.5

Discontinued operations
 

 

 
0.6

Consolidated
 
$
42.7

 
$
68.5

 
$
48.1




 
 
December 31,
 
 
2017
 
2016
Total Assets (a)
 
 

 
 

Technical Products
 
$
613.0

 
$
487.6

Fine Paper and Packaging
 
261.6

 
248.9

Corporate and other (b)
 
29.8

 
29.1

Total
 
$
904.4

 
$
765.6

_______________________

(a)
Segment identifiable assets are those that are directly used in the segments operations.
(b)
Corporate assets are primarily cash and income taxes.
Schedule of net sales and assets by geographic areas
Geographic Information
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Net sales
 
 

 
 

 
 

United States
 
$
748.9

 
$
727.6

 
$
687.3

Europe
 
231.0

 
213.9

 
200.4

Consolidated
 
$
979.9

 
$
941.5

 
$
887.7

Long-lived Assets by Geographic Areas
 
 
December 31,
 
 
2017
 
2016
Long-Lived Assets
 
 

 
 

United States
 
$
393.1

 
$
377.4

Europe
 
226.1

 
151.9

Total
 
$
619.2

 
$
529.3