Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of net sales and operating income for each of the Company's business segment

The following tables summarize 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,
	2019		2018		2019		2018
Net sales
Technical Products	$	146.4	$	153.9	$	286.4	$	307.4
Fine Paper and Packaging	107.0		115.8		206.7		227.4
Other	—		1.6		—		3.0
Consolidated	$	253.4	$	271.3	$	493.1	$	537.8

	Three Months Ended June 30,						Six Months Ended June 30,
	2019 (a)			2018 (b)			2019			2018
Operating income (loss)
Technical Products	$	12.5		$	15.8		$	23.8		$	33.3
Fine Paper and Packaging	12.9			(8.8		)	24.8			4.0
Other	—			(6.2		)	—			(6.2		)
Unallocated corporate costs	(5.6		)	(5.1		)	(11.4		)	(11.3		)
Consolidated	$	19.8		$	(4.3	)	$	37.2		$	19.8

(a) Operating income for the three months ended June 30, 2019 included (1) $3.0 million of non-routine costs within Fine Paper and Packaging, including $2.0 million of accelerated depreciation and spare parts inventory reserves related to an idled paper machine, a $0.6 million accrual for a 2012-15 indirect tax audit and a $0.4 million inventory reserve related to termination of a royalty arrangement; (2) a $0.4 million expense within Technical Products, primarily related to a 2016 electricity grid charge; and (3) $0.1 million of restructuring expenses within unallocated corporate costs.

(b) Operating income (loss) for three months ended June 30, 2018 included an impairment loss, pension settlement and other benefit costs, and restructuring and other non-routine costs of $1.8 million in Technical Products, $25.5 million in Fine Paper and Packaging and $6.0 million in Other. Refer to Note 12, "Brattleboro Impairment Loss" for discussion of the $32.0 impairment loss and Note 7, "Pension and Other Postretirement Benefits" for discussion of the $1.0 million cost of withdrawal from the multi-employer pension plan. In addition, the restructuring costs of $0.3 million related primarily to a management restructuring of U.S. filtration operations.

	June 30, 2019		December 31, 2018
Total Assets (a)
Technical Products	$	591.0	$	599.3
Fine Paper and Packaging	229.1		234.7
Corporate (b)	37.6		27.2
Consolidated	$	857.7	$	861.2

(a) Segment identifiable assets are those that are directly used in the segments operations.

(b)

Corporate assets are primarily deferred income taxes and lease ROU assets.