Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

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 thousands	Composite Fibers				Airlaid Materials				Unallocated						Total
	2020		2019		2020		2019		2020			2019			2020			2019
Net sales	$	132,419	$	127,704	$	101,054	$	104,811	$	—		$	—		$	233,473		$	232,515
Cost of products sold		112,031		106,024		83,699		88,442		(508	)		28			195,222			194,494
Gross profit (loss)		20,388		21,680		17,355		16,369		508			(28	)		38,251			38,021
SG&A		9,924		10,551		4,438		4,774		10,273			8,396			24,635			23,721
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—		(413	)		(235	)		(413	)		(235	)
Total operating income (loss)		10,464		11,129		12,917		11,595		(9,352	)		(8,189	)		14,029			14,535
Non-operating expense		—		—		—		—		(3,888	)		(2,751	)		(3,888	)		(2,751	)
Income (loss) before income taxes	$	10,464	$	11,129	$	12,917	$	11,595	$	(13,240	)	$	(10,940	)	$	10,141		$	11,784
Supplementary Data
Net tons sold (thousands)		35,009		33,394		34,752		35,907		—			—			69,761			69,301
Depreciation, depletion and amortization	$	6,755	$	6,445	$	5,674	$	5,285	$	1,273		$	864		$	13,702		$	12,594
Capital expenditures		3,060		3,995		2,791		2,869		2,303			520			8,154			7,384

Nine months ended September 30									Other and
Dollars in thousands	Composite Fibers				Airlaid Materials				Unallocated						Total
	2020		2019		2020		2019		2020			2019			2020			2019
Net sales	$	387,267	$	389,002	$	293,949	$	307,699	$	—		$	—		$	681,216		$	696,701
Cost of products sold		319,403		322,152		243,526		262,256		11,171			1,155			574,100			585,563
Gross profit (loss)		67,864		66,850		50,423		45,443		(11,171	)		(1,155	)		107,116			111,138
SG&A		30,811		31,388		13,192		13,448		28,704			26,307			72,707			71,143
Gains on dispositions of plant, equipment and timberlands, net		—		—		—		—		(1,010	)		(1,327	)		(1,010	)		(1,327	)
Total operating income (loss)		37,053		35,462		37,231		31,995		(38,865	)		(26,135	)		35,419			41,322
Non-operating expense		—		—		—		—		(14,992	)		(11,129	)		(14,992	)		(11,129	)
Income (loss) before income taxes	$	37,053	$	35,462	$	37,231	$	31,995	$	(53,857	)	$	(37,264	)	$	20,427		$	30,193
Supplementary Data
Net tons sold (thousands)		100,024		99,446		103,068		103,125		—			—			203,092			202,571
Depreciation, depletion and amortization⁽¹⁾	$	19,652	$	19,720	$	16,598	$	15,832	$	7,060		$	2,562		$	43,310		$	38,114
Capital expenditures		9,121		8,699		6,606		7,882		4,438			1,436			20,165			18,017

(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.