XML 57 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2021
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

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net sales

$

141,249

 

 

$

132,711

 

 

$

84,425

 

 

$

98,849

 

 

$

—

 

 

$

—

 

 

$

225,674

 

 

$

231,560

 

Cost of products sold

 

114,267

 

 

 

106,985

 

 

 

72,585

 

 

 

82,246

 

 

 

(474

)

 

 

5,454

 

 

 

186,378

 

 

 

194,685

 

Gross profit (loss)

 

26,982

 

 

 

25,726

 

 

 

11,840

 

 

 

16,603

 

 

 

474

 

 

 

(5,454

)

 

 

39,296

 

 

 

36,875

 

SG&A

 

10,917

 

 

 

10,624

 

 

 

4,643

 

 

 

4,581

 

 

 

7,267

 

 

 

9,389

 

 

 

22,827

 

 

 

24,594

 

Gains on dispositions of plant,

   equipment and timberlands, net

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(850

)

 

 

-

 

 

 

(850

)

 

 

-

 

Total operating income (loss)

 

16,065

 

 

 

15,102

 

 

 

7,197

 

 

 

12,022

 

 

 

(5,943

)

 

 

(14,843

)

 

 

17,319

 

 

 

12,281

 

Non-operating expense

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,735

)

 

 

(2,267

)

 

 

(1,735

)

 

 

(2,267

)

Income (loss) before income taxes

$

16,065

 

 

$

15,102

 

 

$

7,197

 

 

$

12,022

 

 

$

(7,678

)

 

$

(17,110

)

 

$

15,584

 

 

$

10,014

 

Supplementary Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net tons sold

 

34,140

 

 

 

35,983

 

 

 

28,864

 

 

 

35,039

 

 

 

—

 

 

 

—

 

 

 

63,004

 

 

 

71,022

 

Depreciation, depletion and amortization ($ in thousands) (1)

$

6,981

 

 

$

6,466

 

 

$

5,848

 

 

$

5,451

 

 

$

904

 

 

$

3,485

 

 

$

13,733

 

 

$

15,402

 

Capital expenditures

 

2,773

 

 

 

3,956

 

 

 

1,739

 

 

 

2,103

 

 

 

867

 

 

 

955

 

 

 

5,379

 

 

 

7,014

 

 

 

(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.