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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Financial and Other Information by Business Unit

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

 

Three months ended September 30

 

 

 

Advanced Airlaid

 

 

Other and

 

 

 

 

Dollars in millions

Composite Fibers

 

 

Materials

 

 

Unallocated

 

 

Total

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net sales

$

139.2

 

 

$

142.3

 

 

$

70.7

 

 

$

67.8

 

 

$

 

 

$

 

 

$

209.9

 

 

$

210.1

 

Cost of products sold

 

116.8

 

 

 

115.0

 

 

 

62.3

 

 

 

57.2

 

 

 

0.9

 

 

 

0.5

 

 

 

180.0

 

 

 

172.7

 

Gross profit (loss)

 

22.4

 

 

 

27.3

 

 

 

8.4

 

 

 

10.6

 

 

 

(0.9

)

 

 

(0.5

)

 

 

29.9

 

 

 

37.4

 

SG&A

 

10.5

 

 

 

10.9

 

 

 

2.9

 

 

 

2.4

 

 

 

12.4

 

 

 

13.8

 

 

 

25.8

 

 

 

27.1

 

(Gains) losses on dispositions of plant,

   equipment and timberlands, net

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

 

 

(0.1

)

 

 

(0.2

)

 

 

(0.1

)

Total operating income (loss)

 

11.9

 

 

 

16.4

 

 

 

5.5

 

 

 

8.2

 

 

 

(13.1

)

 

 

(14.2

)

 

 

4.3

 

 

 

10.4

 

Non-operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.6

)

 

 

(3.7

)

 

 

(1.6

)

 

 

(3.7

)

Income (loss) before income taxes

$

11.9

 

 

$

16.4

 

 

$

5.5

 

 

$

8.2

 

 

$

(14.7

)

 

$

(17.9

)

 

$

2.8

 

 

$

6.7

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold (thousands)

 

37.4

 

 

 

39.7

 

 

 

24.0

 

 

 

23.8

 

 

 

 

 

 

 

 

 

61.5

 

 

 

63.5

 

Depreciation, depletion and

   amortization

$

7.1

 

 

$

7.1

 

 

$

3.4

 

 

$

2.5

 

 

$

1.0

 

 

$

0.6

 

 

$

11.5

 

 

$

10.2

 

Capital expenditures

 

3.0

 

 

 

3.8

 

 

 

1.9

 

 

 

12.6

 

 

 

1.3

 

 

 

4.6

 

 

 

6.2

 

 

 

21.0

 

 

Nine months ended September 30

 

 

 

Advanced Airlaid

 

 

Other and

 

 

 

 

Dollars in millions

Composite Fibers

 

 

Materials

 

 

Unallocated

 

 

Total

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net sales

$

423.7

 

 

$

400.6

 

 

$

213.1

 

 

$

190.4

 

 

$

 

 

$

 

 

$

636.8

 

 

$

591.0

 

Cost of products sold

 

349.5

 

 

 

322.2

 

 

 

184.7

 

 

 

160.7

 

 

 

2.9

 

 

 

2.9

 

 

 

537.1

 

 

 

485.8

 

Gross profit (loss)

 

74.2

 

 

 

78.4

 

 

 

28.4

 

 

 

29.7

 

 

 

(2.9

)

 

 

(2.9

)

 

 

99.7

 

 

 

105.3

 

SG&A

 

34.0

 

 

 

32.9

 

 

 

8.1

 

 

 

6.9

 

 

 

39.8

 

 

 

41.7

 

 

 

81.9

 

 

 

81.5

 

(Gains) losses on dispositions of plant,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

equipment and timberlands, net

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.9

)

 

 

(0.2

)

 

 

(1.9

)

 

 

(0.2

)

Total operating income (loss)

 

40.2

 

 

 

45.5

 

 

 

20.3

 

 

 

22.8

 

 

 

(40.8

)

 

 

(44.4

)

 

 

19.8

 

 

 

23.9

 

Non-operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.9

)

 

 

(10.4

)

 

 

(9.9

)

 

 

(10.4

)

Income (loss) before income taxes

$

40.2

 

 

$

45.5

 

 

$

20.3

 

 

$

22.8

 

 

$

(50.7

)

 

$

(54.8

)

 

$

9.9

 

 

$

13.5

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold (thousands)

 

110.4

 

 

 

112.9

 

 

 

72.4

 

 

 

69.5

 

 

 

 

 

 

 

 

 

182.8

 

 

 

182.4

 

Depreciation, depletion and

   amortization

$

21.7

 

 

$

20.9

 

 

$

9.7

 

 

$

7.1

 

 

$

3.3

 

 

$

2.3

 

 

$

34.7

 

 

$

30.3

 

Capital expenditures

 

10.9

 

 

 

10.6

 

 

 

17.6

 

 

 

36.1

 

 

 

3.7

 

 

 

11.3

 

 

 

32.2

 

 

 

58.0