XML 43 R46.htm IDEA: XBRL DOCUMENT v3.19.3
Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Financial and Other Information by Segment

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

 

Three months ended September 30

 

 

 

 

 

 

Other and

 

 

 

 

Dollars in millions

Composite Fibers

 

 

Airlaid Materials

 

 

Unallocated

 

 

Total

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net sales

$

127.7

 

 

$

139.2

 

 

$

104.8

 

 

$

70.7

 

 

$

 

 

$

 

 

$

232.5

 

 

$

209.9

 

Cost of products sold

 

106.0

 

 

 

116.8

 

 

 

88.4

 

 

 

62.3

 

 

 

0.1

 

 

 

0.9

 

 

 

194.5

 

 

 

180.0

 

Gross profit (loss)

 

21.7

 

 

 

22.4

 

 

 

16.4

 

 

 

8.4

 

 

 

(0.1

)

 

 

(0.9

)

 

 

38.0

 

 

 

29.9

 

SG&A

 

10.6

 

 

 

10.5

 

 

 

4.8

 

 

 

2.9

 

 

 

8.3

 

 

 

12.4

 

 

 

23.7

 

 

 

25.8

 

Gains on dispositions of plant,

   equipment and timberlands, net

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.2

)

 

 

(0.2

)

Total operating income (loss)

 

11.1

 

 

 

11.9

 

 

 

11.6

 

 

 

5.5

 

 

 

(8.2

)

 

 

(13.1

)

 

 

14.5

 

 

 

4.3

 

Non-operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.8

)

 

 

(1.6

)

 

 

(2.8

)

 

 

(1.6

)

Income (loss) before income taxes

$

11.1

 

 

$

11.9

 

 

$

11.6

 

 

$

5.5

 

 

$

(11.0

)

 

$

(14.7

)

 

$

11.8

 

 

$

2.8

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold (thousands)

 

33.4

 

 

 

37.4

 

 

 

35.9

 

 

 

24.0

 

 

 

 

 

 

 

 

 

69.3

 

 

 

61.5

 

Depreciation, depletion and

   amortization

$

6.4

 

 

$

7.1

 

 

$

5.3

 

 

$

3.4

 

 

$

0.9

 

 

$

1.0

 

 

$

12.6

 

 

$

11.5

 

Capital expenditures

 

4.0

 

 

 

3.0

 

 

 

2.9

 

 

 

1.9

 

 

 

0.5

 

 

 

1.3

 

 

 

7.4

 

 

 

6.2

 

 

Nine months ended September 30

 

 

 

 

 

 

Other and

 

 

 

 

Dollars in millions

Composite Fibers

 

 

Airlaid Materials

 

 

Unallocated

 

 

Total

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net sales

$

389.0

 

 

$

423.7

 

 

$

307.7

 

 

$

213.1

 

 

$

 

 

$

 

 

$

696.7

 

 

$

636.8

 

Cost of products sold

 

322.2

 

 

 

349.5

 

 

 

262.3

 

 

 

184.7

 

 

 

1.1

 

 

 

2.8

 

 

 

585.6

 

 

 

537.1

 

Gross profit (loss)

 

66.8

 

 

 

74.2

 

 

 

45.4

 

 

 

28.4

 

 

 

(1.1

)

 

 

(2.8

)

 

 

111.1

 

 

 

99.7

 

SG&A

 

31.4

 

 

 

34.0

 

 

 

13.4

 

 

 

8.1

 

 

 

26.3

 

 

 

39.8

 

 

 

71.1

 

 

 

81.9

 

Gains  on dispositions of plant,

   equipment and timberlands, net

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.3

)

 

 

(1.9

)

 

 

(1.3

)

 

 

(1.9

)

Total operating income (loss)

 

35.4

 

 

 

40.2

 

 

 

32.0

 

 

 

20.3

 

 

 

(26.1

)

 

 

(40.8

)

 

 

41.3

 

 

 

19.8

 

Non-operating expense

 

 

 

 

 

 

 

 

 

 

 

 

 

(11.1

)

 

 

(9.9

)

 

 

(11.1

)

 

 

(9.9

)

Income (loss) before income taxes

$

35.4

 

 

$

40.2

 

 

$

32.0

 

 

$

20.3

 

 

$

(37.2

)

 

$

(50.7

)

 

$

30.2

 

 

$

9.9

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold (thousands)

 

99.4

 

 

 

110.4

 

 

 

103.1

 

 

 

72.4

 

 

 

 

 

 

 

 

 

202.6

 

 

 

182.8

 

Depreciation, depletion and

   amortization

$

19.7

 

 

$

21.7

 

 

$

15.8

 

 

$

9.7

 

 

$

2.6

 

 

$

3.3

 

 

$

38.1

 

 

$

34.7

 

Capital expenditures

 

8.7

 

 

 

10.9

 

 

 

7.9

 

 

 

17.6

 

 

 

1.4

 

 

 

3.7

 

 

 

18.0

 

 

 

32.2