XML 14 R43.htm IDEA: XBRL DOCUMENT v3.20.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
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 March 31

 

 

 

 

 

 

Other and

 

 

 

 

Dollars in thousands

Composite Fibers

 

 

Airlaid Materials

 

 

Unallocated

 

 

Total

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net sales

$

132,711

 

 

$

128,717

 

 

$

98,849

 

 

$

100,416

 

 

$

—

 

 

$

—

 

 

$

231,560

 

 

$

229,133

 

Cost of products sold

 

106,985

 

 

 

106,563

 

 

 

82,246

 

 

 

85,989

 

 

 

5,454

 

 

 

964

 

 

 

194,685

 

 

 

193,516

 

Gross profit (loss)

 

25,726

 

 

 

22,154

 

 

 

16,603

 

 

 

14,427

 

 

 

(5,454

)

 

 

(964

)

 

 

36,875

 

 

 

35,617

 

SG&A

 

10,624

 

 

 

10,805

 

 

 

4,581

 

 

 

4,389

 

 

 

9,389

 

 

 

9,428

 

 

 

24,594

 

 

 

24,622

 

Gains on dispositions of plant,

   equipment and timberlands, net

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(669

)

 

 

—

 

 

 

(669

)

Total operating income (loss)

 

15,102

 

 

 

11,349

 

 

 

12,022

 

 

 

10,038

 

 

 

(14,843

)

 

 

(9,723

)

 

 

12,281

 

 

 

11,664

 

Non-operating expense

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2,267

)

 

 

(5,203

)

 

 

(2,267

)

 

 

(5,203

)

Income (loss) before income taxes

$

15,102

 

 

$

11,349

 

 

$

12,022

 

 

$

10,038

 

 

$

(17,110

)

 

$

(14,926

)

 

$

10,014

 

 

$

6,461

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold (thousands)

 

35,983

 

 

 

31,529

 

 

 

35,039

 

 

 

33,177

 

 

 

—

 

 

 

—

 

 

 

71,022

 

 

 

64,706

 

Depreciation, depletion and amortization(1)

$

6,466

 

 

$

6,674

 

 

$

5,451

 

 

$

5,268

 

 

$

3,485

 

 

$

846

 

 

$

15,402

 

 

$

12,788

 

Capital expenditures

 

3,956

 

 

 

3,188

 

 

 

2,103

 

 

 

2,192

 

 

 

955

 

 

 

485

 

 

 

7,014

 

 

 

5,865

 

 

 

(1)

The amount presented in 2020 in the Other and unallocated column represents accelerated depreciation incurred in connection with the restructuring of our metallized operations.