Segment Information

3 Months Ended

Mar. 30, 2013

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.

During 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. 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. The Company's segments are now as follows: Americas Nonwovens, Europe Nonwovens, Asia Nonwovens and Oriented Polymers segments. 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.

Financial data by segment is as follows:

In thousands	Three Months Ended March 30, 2013			Three Months Ended March 31, 2012
Net sales
Americas Nonwovens	$	153,004		$	165,893
Europe Nonwovens	78,274			75,667
Asia Nonwovens	37,967			36,423
Oriented Polymers	17,837			17,188
Total	$	287,082		$	295,171
Operating income (loss)
Americas Nonwovens	$	11,474		$	19,289
Europe Nonwovens	3,292			3,647
Asia Nonwovens	4,553			4,011
Oriented Polymers	1,593			1,677
Unallocated Corporate	(9,692		)	(9,368		)
Eliminations	(36		)	161
Subtotal	11,184			19,417
Special charges, net	(1,804		)	(2,419		)
Total	$	9,380		$	16,998
Depreciation and amortization expense
Americas Nonwovens	$	8,317		$	8,337
Europe Nonwovens	3,059			2,695
Asia Nonwovens	3,389			3,317
Oriented Polymers	348			381
Unallocated Corporate	432			437
Subtotal	15,545			15,167
Amortization of loan acquisition costs	607			685
Total	$	16,152		$	15,852
Capital spending
Americas Nonwovens	$	818		$	640
Europe Nonwovens	548			2,243
Asia Nonwovens	12,559			9,709
Oriented Polymers	125			86
Corporate	267			634
Total	$	14,317		$	13,312

In thousands	March 30, 2013		December 29, 2012
Division assets
Americas Nonwovens	$	494,577	$	513,765
Europe Nonwovens	197,831		202,139
Asia Nonwovens	255,873		248,790
Oriented Polymers	28,626		25,329
Corporate	36,728		32,046
Total	$	1,013,635	$	1,022,069