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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The following tables set forth financial and other information by segment for the period indicated:
Three months ended
June 30,
Six months ended
June 30,
Dollars in thousands2023202220232022
Net Sales
Airlaid Material$152,511 $143,708 $311,952 $293,172 
Composite Fibers125,725 123,338 258,316 259,167 
Spunlace79,420 96,917 166,143 193,304 
Inter-segment sales elimination(651)— (1,198)— 
Total$357,005 $363,963 $735,213 $745,643 
Operating income (loss)
Airlaid Material$9,726 $11,944 $23,640 $24,165 
Composite Fibers898 5,779 7,025 5,444 
Spunlace(1,314)(1,808)(3,337)(3,380)
Other and unallocated(19,795)(6,991)(31,700)(133,194)
Total$(10,485)$8,924 $(4,372)$(106,965)
Depreciation and amortization
Airlaid Material$7,637 $7,542 $15,323 $15,171 
Composite Fibers3,897 4,796 7,862 11,315 
Spunlace3,476 2,945 6,568 5,859 
Other and unallocated960 1,169 1,948 2,591 
Total$15,970 $16,452 $31,701 $34,936 
Capital expenditures
Airlaid Material$2,332 $2,064 $4,414 $5,532 
Composite Fibers2,110 4,131 5,773 10,258 
Spunlace2,509 1,801 5,210 3,886 
Other and unallocated1,007 2,353 2,061 3,021 
Total$7,958 $10,349 $17,458 $22,697 
Tons shipped (metric)
Airlaid Material39,246 40,681 79,073 83,733 
Composite Fibers24,966 24,246 49,784 52,457 
Spunlace15,191 19,358 31,611 40,094 
Total79,403 84,285 160,468 176,284 
Segments Results of individual operating segments are presented based on our management accounting practices and management structure. There is no comprehensive, authoritative body of guidance for management accounting equivalent to accounting principles generally accepted in the United States of America; therefore, the financial results of individual segments are not necessarily comparable with similar information for any other company. The management accounting process uses assumptions and allocations to measure performance of the segments. Methodologies are refined from time to time as management accounting practices are enhanced and businesses change. The costs incurred by support areas not directly aligned with the segment are allocated primarily based on an estimated utilization of support area services or are included in “Other and Unallocated” in the table set forth above.
Management evaluates results of operations of the operating segments before certain corporate level costs and the effects of certain gains or losses not considered to be related to the core business operations. Management believes that this is a more meaningful representation of the operating performance of its core businesses, the profitability of the segments and the extent of cash flow generated from these core operations. Such amounts are presented under the caption “Other and Unallocated.” In the evaluation of operating segments results, management does not use any measures of total assets. This presentation is aligned with the management and operating structure of our company. It is also on this basis that the Company’s performance is evaluated internally and by the Company’s Board of Directors.