Segment Information

12 Months Ended

Dec. 29, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is a leading global innovator, manufacturer and marketer of engineered materials, primarily focused on the production of nonwoven products. The Company operates through four segments, with the main source of revenue being the sales of primary and intermediate products to the hygiene, healthcare, wipes and industrial markets. The Company has one major customer that accounts for over 10% of its business, the loss of which would have a material adverse impact on reported financial results. Sales to this customer are reported within each of the the Nonwoven segments.

In April 2012, the Company approved the internal redesign and restructuring of its global operations for the purposes of realigning and repositioning the Company to consolidate the benefits of its global footprint, align resources and capabilities with future growth opportunities and provide for a more efficient structure to serve existing markets. The Company's segments are now as follows: Americas Nonwovens, Europe Nonwovens, Asia Nonwovens and Oriented Polymers segments. As part of the change, the Company eliminated the Latin America Nonwovens segment and merged it with the U.S. Nonwoven segment to create the Americas Nonwoven segment. Segment information for all years has been revised to reflect the new structure.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies except that the segment results are prepared on a management basis that is consistent with the manner in which the Company desegregates financial information for internal review and decision making. Intercompany sales between the segments are eliminated.

In April 2011, the Company entered into an agreement to sell certain assets and the working capital of Difco. As a result, the Company accounted for the transaction as discontinued operations in accordance with ASC 205. Difco was previously reported as part of the Oriented Polymers segment. Segment information has been revised to exclude the results of this business for all periods presented.

Financial data by segment is as follows:

	Successor						Predecessor
In thousands	Fiscal Year Ended December 29, 2012			Eleven Months Ended December 31, 2011			One Month Ended January 28, 2011			Fiscal Year Ended January 1, 2011
Net sales
Americas Nonwovens	$	641,532		$	613,355		$	46,093		$	633,292
Europe Nonwovens	294,120			297,869			24,305			282,076
Asia Nonwovens	156,746			135,591			9,403			129,370
Oriented Polymers	62,765			56,114			4,805			61,473
Total	$	1,155,163		$	1,102,929		$	84,606		$	1,106,211
Operating income (loss)
Americas Nonwovens	$	64,673		$	41,612		$	4,595		$	66,145
Europe Nonwovens	11,102			8,427			1,812			13,577
Asia Nonwovens	18,130			19,778			1,718			25,166
Oriented Polymers	3,362			1,802			553			3,256
Unallocated Corporate	(40,586		)	(38,351		)	(3,603		)	(38,868		)
Eliminations	76			21			—			(30		)
Subtotal	56,757			33,289			5,075			69,246
Acquisition and integration expenses	—			—			—			(1,742		)
Special charges, net	(19,592		)	(41,345		)	(20,824		)	(17,993		)
Total	$	37,165		$	(8,056	)	$	(15,749	)	$	49,511
Depreciation and amortization expense
Americas Nonwovens	$	35,780		$	31,679		$	2,411		$	31,700
Europe Nonwovens	11,267			10,235			368			5,156
Asia Nonwovens	13,780			9,956			589			7,091
Oriented Polymers	1,496			1,306			36			450
Unallocated Corporate	1,718			1,584			68			952
Subtotal	64,041			54,760			3,472			45,349
Amortization of loan acquisition costs	2,665			2,530			51			867
Total	$	66,706		$	57,290		$	3,523		$	46,216
Capital spending
Americas Nonwovens	$	4,848		$	23,997		$	5,803		$	13,084
Europe Nonwovens	8,802			13,016			41			3,166
Asia Nonwovens	36,626			30,583			2,507			26,865
Oriented Polymers	672			375			38			534
Corporate	677			457			16			1,521
Total	$	51,625		$	68,428		$	8,405		$	45,170

In thousands	December 29, 2012		December 31, 2011
Division assets
Americas Nonwovens	$	513,765	$	564,882
Europe Nonwovens	202,139		218,151
Asia Nonwovens	248,790		228,448
Oriented Polymers	25,329		25,474
Corporate	32,046		23,623
Total	$	1,022,069	$	1,060,578

Geographic Data:

Export sales from the Successor's United States operations to unaffiliated customers were $32.1 million and $37.9 million for the fiscal year ended December 29, 2012 and the eleven months ended December 31, 2011, respectively. For the one month ended January 28, 2011 and the fiscal year ended January 1, 2011, export sales from the Predecessor's United States operations to unaffiliated customers were $3.0 million and $33.5 million, respectively.

Geographic data for the Company's operations, based on the geographic region that the sale is made from, are presented as followings:

	Successor				Predecessor
In thousands	Fiscal Year Ended December 29, 2012		Eleven Months Ended December 31, 2011		One Month Ended January 28, 2011		Fiscal Year Ended January 1, 2011
Net sales
United States	$	357,193	$	330,347	$	26,409	$	332,624
Canada	57,312		50,989		4,529		56,885
Europe	294,120		297,869		24,305		280,852
Asia	156,746		135,591		9,402		129,370
Latin America	289,792		288,133		19,961		306,480
Total	$	1,155,163	$	1,102,929	$	84,606	$	1,106,211

In thousands	December 29, 2012		December 31, 2011
Property, plant and equipment, net
United States	$	105,335	$	114,288
Canada	5,707		6,303
Europe	89,678		91,092
Asia	137,196		122,792
Latin America	141,253		158,877
Total	$	479,169	$	493,352