Segment Information

9 Months Ended

Sep. 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 September 30 In millions	Specialty Papers				Composite Fibers				Advanced Airlaid Materials				Other and Unallocated						Total
	2011		2010		2011		2010		2011		2010		2011			2010			2011			2010
Net sales	$	225.4	$	217.3	$	124.9	$	103.7	$	66.2	$	58.0	$	—		$	—		$	416.5		$	379.1
Energy and related sales, net		2.8		3.3		—		—		—		—		—			—			2.8			3.3
Total revenue		228.2		220.6	$	124.9		103.7	$	66.2		58.0		—			—			419.3			382.4
Cost of products sold		198.6		184.3		104.6		85.6		59.2		54.9		2.0			1.8			364.4			326.7
Gross profit		29.6		36.3		20.3		18.2		7.0		3.1		(2.0	)		(1.8	)		54.9			55.7
SG&A		12.6		13.4		10.2		8.5		2.9		1.9		5.7			4.1			31.4			27.8
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—		—		—		(0.7	)		(0.2	)		(0.7	)		(0.2	)
Total operating income (loss)		17.0		22.9		10.1		9.7		4.1		1.2		(7.0	)		(5.7	)		24.2			28.1
Other non-operating income (expense)		—		—		—		—		—		—		(6.5	)		(6.6	)		(6.5	)		(6.6	)
Income (loss) before income taxes	$	17.0	$	22.9	$	10.1	$	9.7	$	4.1	$	1.2	$	(13.4	)	$	(12.3	)	$	17.7		$	21.5
Supplementary Data
Net tons sold		199.6		195.4		24.1		22.8		23.1		22.1		—			—			246.7			240.3
Depreciation, depletion and amortization	$	9.2	$	8.9	$	6.2	$	5.7	$	2.1	$	2.0	$	—		$	—		$	17.5		$	16.6
Capital expenditures		6.7		5.1		5.7		2.7		4.3		—		—			—			16.8			7.8

Nine months ended September 30 In millions	Specialty Papers				Composite Fibers				Advanced Airlaid Materials				Other and Unallocated						Total
	2011		2010		2011		2010		2011		2010		2011			2010			2011			2010
Net sales	$	662.6	$	633.8	$	356.5	$	307.2	$	192.2	$	138.1	$	—		$	—		$	1,211.2		$	1,079.2
Energy and related sales, net		7.9		8.8		—		—		—		—		—			—			7.9			8.8
Total revenue		670.5		642.6		356.5		307.2		192.2		138.1		—			—			1,219.1			1,088.0
Cost of products sold		592.5		560.9		295.1		255.8		174.3		130.4		4.6			5.6			1,066.6			952.6
Gross profit		78.0		81.7		61.3		51.5		17.9		7.8		(4.6	)		(5.6	)		152.6			135.4
SG&A		38.9		40.1		29.6		26.6		8.3		4.4		17.7			20.2			94.5			91.3
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—				—		(3.9	)		(0.3	)		(3.9	)		(0.3	)
Total operating income (loss)		39.1		41.6		31.7		24.9		9.6		3.4		(18.4	)		(25.4	)		62.0			44.4
Other non-operating income (expense)		—		—		—		—		—		—		(19.3	)		(22.3	)		(19.3	)		(22.3	)
Income (loss) before income taxes	$	39.1	$	41.6	$	31.7	$	24.9	$	9.6	$	3.4	$	(37.7	)	$	(47.8	)	$	42.7		$	22.1
Supplementary Data
Net tons sold		590.1		576.3		70.0		67.1		66.9		53.2		—			—			726.9			696.6
Depreciation, depletion and amortization	$	26.7	$	26.2	$	18.7	$	17.6	$	6.4	$	5.0	$	—		$	—		$	51.8		$	48.8
Capital expenditures		20.0		13.8		16.2		6.0		8.4		3.5		—			—			44.6			23.3

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, 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.