Note 2 - Segment Information

3 Months Ended

Mar. 31, 2012

Segment Reporting Disclosure [Text Block]

NOTE 2:  SEGMENT INFORMATION

We report results for two segments, specialty fibers and nonwoven materials.  The specialty fibers segment consists of our chemical cellulose, customized fibers and fluff pulp product lines which are cellulosic fibers based on both wood and cotton.  The nonwovens materials segment consists of our airlaid plants and our converting plant.  Management makes financial decisions and allocates resources based on the sales and operating income of each segment.  We allocate selling, research, and administrative expenses to each segment and management uses the resulting operating income to measure the performance of the segments.  The financial information attributed to these segments is included in the following tables:

	Three Months Ended March 31	Specialty Fibers		Nonwoven Materials		Corporate			Total
Net sales	2012	$	169,989	$	54,188	$	(7,112	)	$	217,065
	2011		181,334		64,488		(8,040	)		237,782
Operating income (loss)	2012		40,268		3,016		(2,937	)		40,347
	2011		43,965		3,074		(3,023	)		44,016
Depreciation and amortization of	2012		7,856		3,916		971			12,743
Intangibles	2011		8,447		3,885		934			13,266
Total assets	2012		488,190		185,739		168,189			842,118
	2011		519,656		221,321		132,160			873,137
Capital expenditures	2012		19,501		1,670		572			21,743
	2011		8,535		1,143		18			9,696

	Nine Months Ended March 31	Specialty Fibers		Nonwoven Materials		Corporate			Total
Net sales	2012	$	530,071	$	177,180	$	(23,022	)	$	684,229
	2011		479,449		195,035		(25,111	)		649,373
Operating income (loss)	2012		126,019		8,109		(60,313	)		73,815
	2011		100,550		8,494		(9,837	)		99,207
Depreciation and amortization of	2012		24,540		12,142		2,874			39,556
intangibles	2011		24,394		11,118		2,826			38,338
Total assets	2012		488,190		185,739		168,189			842,118
	2011		519,656		221,321		132,160			873,137
Capital expenditures	2012		39,996		5,033		1,013			46,042
	2011		36,800		3,714		618			41,132

Management evaluates operating performance of the specialty fibers and nonwoven materials segments excluding amortization of intangibles, goodwill impairment, asset impairment, charges related to restructuring, unallocated at-risk compensation and unallocated stock-based compensation for executive officers and certain other employees.  Therefore, the corporate column includes operating elements such as segment eliminations, amortization of intangibles, asset impairment, goodwill impairment, charges related to restructuring, unallocated at-risk compensation and unallocated stock-based compensation for executive officers and certain other employees.  Corporate net sales represent the elimination of intersegment sales included in the specialty fibers reporting segment which are used in the production of nonwoven materials.  We account for intersegment sales as if the sales were to third parties.