Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

17. SEGMENT INFORMATION

The following tables sets forth financial and other information by business unit for the period indicated:

Three months ended June 30 Dollars in millions	Composite Fibers				Advanced Airlaid Materials				Specialty Papers						Other and Unallocated						Total
	2014		2013		2014		2013		2014			2013			2014			2013			2014			2013
Net sales	$	157.0	$	142.6	$	70.5	$	66.4	$	217.9		$	217.0		$	—		$	—		$	445.3		$	426.0
Energy and related sales, net		—		—		—		—		0.8			0.4			—			—			0.8			0.4
Total revenue		157.0		142.6		70.5		66.4		218.7			217.4			—			—			446.1			426.4
Cost of products sold		126.9		114.6		62.0		58.8		214.1			207.9			1.7			4.2			404.7			385.6
Gross profit (loss)		30.1		27.9		8.5		7.6		4.6			9.5			(1.7	)		(4.2	)		41.4			40.8
SG&A		12.8		11.5		2.3		2.4		11.8			13.4			5.4			7.3			32.3			34.5
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—		—			—			(1.5	)		—			(1.5	)		—
Total operating income (loss)		17.3		16.4		6.2		5.2		(7.2	)		(3.9	)		(5.6	)		(11.5	)		10.6			6.3
Non-operating expense		—		—		—		—		—			—			(4.6	)		(4.3	)		(4.6	)		(4.3	)
Income (loss) before income taxes	$	17.3	$	16.4	$	6.2	$	5.2	$	(7.2	)	$	(3.9	)	$	(10.2	)	$	(15.8	)	$	6.0		$	2.0
Supplementary Data
Net tons sold (thousands)		39.4		35.0		24.6		23.7		190.7			195.7			—			—			254.8			254.4
Depreciation, depletion and amortization	$	7.6	$	5.9	$	2.3	$	2.2	$	7.9		$	8.3		$	0.5		$	0.2		$	18.3		$	16.7
Capital expenditures		5.4		18.8		1.4		1.9		8.6			8.2			0.3			0.6			15.7			29.4
Six months ended June 30 Dollars in millions	Composite Fibers				Advanced Airlaid Materials				Specialty Papers						Other and Unallocated						Total
	2014		2013		2014		2013		2014			2013			2014			2013			2014			2013
Net sales	$	315.6	$	254.4	$	141.8	$	132.7	$	443.7		$	444.1		$	—		$	—		$	901.1		$	831.2
Energy and related sales, net		—		—		—		—		6.1			1.5			—			—			6.1			1.5
Total revenue		315.6		254.4		141.8		132.7		449.8			445.6			—			—			907.1			832.7
Cost of products sold		252.9		205.0		125.1		118.4		429.1			403.4			3.5			7.7			810.6			734.5
Gross profit (loss)		62.7		49.4		16.7		14.3		20.7			42.3			(3.5	)		(7.7	)		96.5			98.2
SG&A		26.1		21.3		4.7		4.5		25.5			27.9			9.6			14.3			65.9			68.0
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—		—			—			(2.3	)		(0.1	)		(2.3	)		(0.1	)
Total operating income (loss)		36.6		28.1		12.0		9.8		(4.8	)		14.4			(10.8	)		(21.9	)		32.9			30.3
Non-operating expense		—		—		—		—		—			—			(9.2	)		(7.8	)		(9.2	)		(7.8	)
Income (loss) before income taxes	$	36.6	$	28.1	$	12.0	$	9.8	$	(4.8	)	$	14.4		$	(20.0	)	$	(29.7	)	$	23.7		$	22.5
Supplementary Data
Net tons sold (thousands)		79.4		57.6		49.7		47.6		392.9			398.0			—			—			522.1			503.2
Depreciation, depletion and amortization	$	15.3	$	10.6	$	4.6	$	4.4	$	16.1		$	16.6		$	0.9		$	0.4		$	36.9		$	32.0
Capital expenditures		11.4		36.2		2.9		4.0		14.8			16.8			1.1			3.8			30.2			60.8

The sum of individual amounts set forth above may not agree to the consolidated financial statements included herein due to rounding.

On April 30, 2013, we completed the acquisition of Dresden for $211 million. Dresden’s results are included prospectively from the acquisition date as part of the Composite Fibers business unit. For additional information related to this acquisition, refer to Note 3 – Acquisition.