Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

17. SEGMENT INFORMATION

     The following table sets forth financial and other information by business unit for the periods indicated:

Three months ended June 30										Advanced Airlaid				Other and
In millions	Specialty Papers					Composite Fibers				Materials				Unallocated						Total
	2011			2010		2011		2010		2011		2010		2011			2010			2011			2010
Net sales	$	216.7		$	208.7	$	116.4	$	102.0	$	64.9	$	52.0	$	—		$	—		$	398.0		$	362.8
Energy and related sales, net		2.1			1.9		—		—		—		—		—			—			2.1			1.9
Total revenue		218.8			210.6		116.4		102.0		64.9		52.0		—			—			400.0			364.7
Cost of products sold		206.5			194.9		97.6		84.1		58.3		48.5		0.1			1.8			362.5			329.2
Gross profit		12.2			15.7		18.8		17.9		6.6		3.6		(0.1	)		(1.8	)		37.5			35.5
SG&A		12.3			13.0		9.6		9.0		2.8		1.6		6.6			5.2			31.3			28.8
Gains on dispositions of plant, equipment and timberlands, net		—			—		—		—		—		—		—			(0.2	)		—			(0.2	)
Total operating income (loss)		(0.1	)		2.7		9.3		8.9		3.7		1.9		(6.7	)		(6.8	)		6.2			6.8
Other non-operating income (expense)		—			—		—		—		—		—		(6.6	)		(6.3	)		(6.6	)		(6.3	)
Income (loss) before income taxes	$	(0.1	)	$	2.7	$	9.3	$	8.9	$	3.7	$	1.9	$	(13.3	)	$	(13.1	)	$	(0.4	)	$	0.5
Supplementary Data
Net tons sold		191.8			187.8		22.9		23.0		22.3		20.1		—			—			237.0			230.9
Depreciation, depletion and amortization	$	8.9		$	8.7	$	6.4	$	5.8	$	2.1	$	1.9	$	—		$	—		$	17.4		$	16.4
Capital expenditures		9.4			5.7		6.6		1.7		3.7		1.9		—			—			19.8			9.3
Six months ended June 30										Advanced Airlaid				Other and
In millions	Specialty Papers					Composite Fibers				Materials				Unallocated						Total
	2011			2010		2011		2010		2011		2010		2011			2010			2011			2010
Net sales	$	437.2		$	416.4	$	231.6	$	203.5	$	126.0	$	80.1	$	—		$	—		$	794.8		$	700.1
Energy and related sales, net		5.0			5.5		—		—		—		—		—			—			5.0			5.5
Total revenue		442.2			422.0		231.6		203.5		126.0		80.1		—			—			799.8			705.6
Cost of products sold		393.9			376.6		190.6		170.2		115.0		75.4		2.6			3.8			702.1			625.9
Gross profit		48.3			45.4		41.0		33.3		11.0		4.7		(2.6	)		(3.8	)		97.7			79.7
SG&A		26.2			26.7		19.4		18.1		5.5		2.6		12.0			16.1			63.1			63.5
Gains on dispositions of plant, equipment and timberlands, net		—			—		—		—		—		—		(3.2	)		(0.2	)		(3.2	)		(0.2	)
Total operating income (loss)		22.1			18.7		21.6		15.2		5.5		2.2		(11.5	)		(19.7	)		37.8			16.3
Other non-operating income (expense)		—			—		—		—		—		—		(12.8	)		(15.8	)		(12.9	)		(15.8	)
Income (loss) before income taxes	$	22.1		$	18.7	$	21.6	$	15.2	$	5.5	$	2.2	$	(24.3	)	$	(35.5	)	$	24.9		$	0.6
Supplementary Data
Net tons sold		390.5			381.0		45.8		44.3		43.8		31.2		—			—			480.2			456.5
Depreciation, depletion and amortization	$	17.5		$	17.3	$	12.5	$	11.9	$	4.3	$	3.0	$	—		$	—		$	34.3		$	32.2
Capital expenditures		13.3			8.7		10.5		3.2		4.1		3.5		—			—			27.9			15.4

The mathematical accuracy of certain amounts set forth above may be impacted by the rounding of the individual line items.

Results of individual business units 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 business units are not necessarily comparable with similar information for any other company. The management accounting process uses assumptions and allocations to measure performance of the business units. 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 business unit are allocated primarily based on an estimated utilization of support area services.

Management evaluates results of operations of the business units before pension income or expense (other than service costs), alternative fuel mixture credits, charges related to the Fox River environmental reserves, acquisition and integration related costs, restructuring related charges, unusual items, certain corporate level costs, and the effects of asset dispositions. Management believes that this is a more meaningful representation of the operating performance of its core businesses, the profitability of business units and the extent of cash flow generated from these core operations. Such amounts are presented under the caption “Other and Unallocated.” This presentation is aligned with the management and operating structure of our company. It is also on this basis that our performance is evaluated internally and by the Company’s Board of Directors.