Business Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of net sales by product

The following table presents sales by product category for the technical products business:

	Year Ended December 31,
	2019		2018		2017
Filtration	42	%	40	%	42	%
Backings	24	%	28	%	31	%
Specialty	34	%	32	%	27	%
Total	100	%	100	%	100	%

The following table presents sales by product category for the fine paper and packaging business:

	Year Ended December 31,
	2019		2018		2017
Graphic Imaging	79	%	78	%	80	%
Packaging	21	%	18	%	16	%
Filing/Office	—	%	4	%	4	%
Total	100	%	100	%	100	%

Schedule of net sales, operating income (loss) and total assets for each business segment

Business Segments

	Year Ended December 31,
	2019		2018		2017
Net sales
Technical Products	$	541.6	$	583.2	$	518.6
Fine Paper and Packaging	396.9		445.8		455.3
Other	—		5.9		6.0
Consolidated	$	938.5	$	1,034.9	$	979.9

 

	Year Ended December 31,
	2019			2018			2017
Operating income (loss)
Technical Products (a)	$	44.6		$	50.9		$	55.3
Fine Paper and Packaging (b)	53.2			29.4			69.5
Other (c)	—			(6.4		)	(0.4		)
Unallocated corporate costs (d)	(19.5		)	(19.8		)	(20.1		)
Consolidated	$	78.3		$	54.1		$	104.3

_______________________

(a) Operating income for the year ended December 31, 2019 included restructuring and other non-routine costs of $0.3 million and a curtailment gain of $1.6 million related to the Neenah Coldenhove pension plan. Operating income for the year ended December 31, 2018 included non-cash impairment loss, restructuring and integration costs, and pension settlement charges of $2.5 million, offset by favorable acquisition adjustments of $3.9 million.

(b) Operating income for the year ended December 31, 2019 included $5.7 million of non-routine costs, primarily related to idled paper machine costs due to the consolidation of the fine paper manufacturing footprint. Operating income for the year ended December 31, 2018 included non-cash impairment loss, restructuring costs, and pension settlement charges of $24.6 million, offset by favorable insurance settlement of $0.3 million. Operating income for the year ended December 31, 2017 included a favorable insurance settlement of $2.9 million. Operating income for the year ended December 31, 2016 included integration costs of $1.8 million.

(c) Operating income for the year ended December 31, 2018 included non-cash impairment loss, restructuring costs, and a pension settlement charge of $6.0 million, offset by favorable insurance settlement of $0.1 million. Operating income for the year ended December 31, 2017 included a favorable insurance settlement of $0.3 million. Operating income for the years ended December 31, 2016 included integration costs of $1.1 million.

(d) Unallocated corporate costs for the year ended December 31, 2019 included costs of $0.3 million, consisting of restructuring and other non-routine costs and a SERP settlement charge. Unallocated corporate costs for the year ended December 31, 2018 included restructuring costs and pension settlement charge of $1.9 million. 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.

	Year Ended December 31,
	2019		2018		2017
Depreciation and amortization
Technical Products	$	24.1	$	24.4	$	20.3
Fine Paper and Packaging	13.2		9.9		11.0
Other	—		0.2		0.3
Corporate	1.6		1.6		1.7
Consolidated	$	38.9	$	36.1	$	33.3

	Year Ended December 31,
	2019		2018		2017
Capital expenditures
Technical Products	$	13.1	$	28.0	$	29.7
Fine Paper and Packaging	7.7		8.7		12.5
Corporate	0.6		1.4		0.5
Consolidated	$	21.4	$	38.1	$	42.7

	December 31,
	2019		2018
Total Assets (a)
Technical Products	$	573.8	$	599.3
Fine Paper and Packaging	217.7		234.7
Corporate and other (b)	36.3		27.2
Total	$	827.8	$	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.

Schedule of net sales and assets by geographic areas

Geographic Information

	Year Ended December 31,
	2019		2018		2017
Net sales
United States	$	673.0	$	744.4	$	748.9
Germany	196.3		216.5		210.3
Rest of Europe	69.2		74.0		20.7
Consolidated	$	938.5	$	1,034.9	$	979.9

Long-lived Assets by Geographic Areas

Net sales are attributed to geographic areas based on the physical location of the selling entities.

	December 31,
	2019		2018
Long-Lived Assets
United States	$	364.2	$	366.3
Germany	153.3		157.9
Rest of Europe	57.6		59.1
Total	$	575.1	$	583.3