Note 20 - Segment Information

12 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 20: 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 table:

		Specialty Fibers		Nonwoven Materials		Corporate			Total
Net sales	2013	$	601,173	$	228,543	$	(17,266	)	$	812,450
	2012		686,733		239,007		(30,859	)		894,881
	2011		648,487		264,931		(32,990	)		880,428
Operating income (loss)	2013		131,295		21,199		(31,143	)		121,351
	2012		165,441		11,735		(13,137	)		164,039
	2011		147,544		13,768		(26,815	)		134,497
Depreciation and amortization of intangibles	2013		31,246		13,414		3,787			48,447
	2012		31,033		16,087		3,861			50,981
	2011		30,124		15,202		3,837			49,163
Total assets	2013		571,305		147,258		176,758			895,321
	2012		487,764		182,924		166,723			837,411
	2011		517,866		239,530		112,455			869,851
Capital expenditures	2013		96,901		8,697		3,764			109,362
	2012		73,364		9,368		2,208			84,940
	2011		49,526		6,870		911			57,307

The accounting policies of the segments are the same as those described in the summary of significant accounting policies.  Management evaluates operating performance of the specialty fibers and nonwoven materials segments, excluding amortization of intangibles, the impact of goodwill impairment loss, impairment of long-lived assets, alternative fuel mixture credits, charges related to restructuring, unallocated at-risk compensation and unallocated stock-based compensation for executive officers and certain other employees.  Therefore, the corporate segment includes operating elements such as segment eliminations, amortization of intangibles, goodwill impairment loss, impairment of long-lived assets, alternative fuel mixture credits, charges related to restructuring, unallocated at-risk compensation and unallocated stock-based compensation for executive officers and certain other employees.  Corporate net sales represents the elimination of intersegment sales included in the specialty fibers reporting segment.  We account for intersegment sales as if the sales were to third parties.  Corporate assets primarily include cash, income tax and alternative fuel mixture credit receivable, goodwill and intellectual property.

Our identifiable product lines are chemical cellulose, customized fibers, fluff pulp and nonwoven materials.  Chemical cellulose is used to impart purity, strength and viscosity in the manufacture of diverse products such as food casings, cigarette filters, rayon filament, acetate fibers, thickeners for consumer products, cosmetics and pharmaceuticals.  Customized fibers are used to provide porosity, color permanence, strength and tear resistance in filters, premium letterhead, currency paper and personal stationery as well as absorbency and softness in cotton balls and cotton swabs.  Fluff pulp and nonwoven materials are used to increase absorbency and fluid transport in products such as disposable diapers, feminine hygiene products and adult incontinence products. Additionally, nonwoven materials are used to enhance fluid management and strength in wipes, tabletop items, food pads, household wipes and mops.  The following provides relative net sales to unaffiliated customers by product line:

	Year Ended June 30
	2013			2012			2011
Chemical cellulose		38	%		40	%		35	%
Customized fibers		15	%		15	%		14	%
Fluff pulp		19	%		18	%		21	%
Nonwoven materials		28	%		27	%		30	%
Total		100	%		100	%		100	%

We are domiciled in the United States and have manufacturing operations in the United States and Germany.  The following provides a summary of net sales to unaffiliated customers based on point of origin, net sales by point of destination, long-lived assets by geographical area, and net assets by geographical area:

	Year Ended June 30
Net sales by point of origin:	2013				2012				2011
United States	$	685,981	84	%	$	756,222	85	%	$	730,309	83	%
Germany		102,216	13			94,999	10			99,025	11
Other		24,253	3			43,660	5			51,094	6
Total	$	812,450	100	%	$	894,881	100	%	$	880,428	100	%

	Year Ended June 30
Net sales by point of destination:	2013				2012				2011
North America	$	320,316	39	%	$	346,849	39	%	$	357,464	41	%
Europe		265,531	33			303,396	34			279,141	32
Asia		161,694	20			186,233	21			167,194	19
South America		8,470	1			9,945	1			12,565	1
Other		56,439	7			48,458	5			64,064	7
Total	$	812,450	100	%	$	894,881	100	%	$	880,428	100	%

	As of June 30
	2013		2012		2011
Long-lived assets by geographical area:
United States	$	513,009	$	448,247	$	410,053
Germany		38,221		37,481		43,394
Canada		-		6,381		25,440
Brazil		-		-		51,580
Other		4		-		1
Total long-lived assets	$	551,234	$	492,109	$	530,468

	As of June 30
	2013		2012		2011
Net assets by geographical area:
United States	$	579,657	$	489,968	$	384,441
Germany		99,728		90,043		80,342
Canada		2,719		22,513		39,912
Other		589		512		529
Brazil		-		-		74,073
Total net assets	$	682,693	$	603,036	$	579,297