Segment Information

9 Months Ended

Sep. 28, 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 Nonwoven segments.

During 2012, the Company restructured 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 combined the Latin America Nonwovens segment and 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 September 28, 2013			Three Months Ended September 29, 2012			Nine Months Ended September 28, 2013			Nine Months Ended September 29, 2012
Net sales
Americas Nonwovens	$	160,767		$	163,321		$	473,216		$	494,750
Europe Nonwovens	67,901			67,825			219,113			219,506
Asia Nonwovens	44,886			42,900			125,280			115,771
Oriented Polymers	15,425			16,051			49,990			51,485
Total	$	288,979		$	290,097		$	867,599		$	881,512
Operating income (loss)
Americas Nonwovens	$	16,075		$	20,590		$	42,106		$	51,333
Europe Nonwovens	2,524			2,249			9,236			9,383
Asia Nonwovens	4,134			4,850			13,723			13,194
Oriented Polymers	547			779			3,570			3,800
Unallocated Corporate	(9,108		)	(9,284		)	(33,164		)	(27,802		)
Eliminations	(106		)	(19		)	(166		)	72
Subtotal	14,066			19,165			35,305			49,980
Special charges, net	(7,093		)	(1,732		)	(10,647		)	(12,904		)
Total	$	6,973		$	17,433		$	24,658		$	37,076
Depreciation and amortization expense
Americas Nonwovens	$	8,137		$	9,460		$	24,540		$	26,825
Europe Nonwovens	3,089			2,858			9,153			8,111
Asia Nonwovens	5,605			3,322			13,802			10,141
Oriented Polymers	348			351			1,044			1,063
Unallocated Corporate	430			411			1,282			1,270
Subtotal	17,609			16,402			49,821			47,410
Amortization of loan acquisition costs	607			686			1,821			2,056
Total	$	18,216		$	17,088		$	51,642		$	49,466
Capital spending
Americas Nonwovens	$	1,939		$	1,132		$	3,990		$	2,946
Europe Nonwovens	1,877			2,636			2,926			7,194
Asia Nonwovens	3,914			6,422			26,437			28,874
Oriented Polymers	572			284			798			454
Corporate	697			42			1,348			678
Total	$	8,999		$	10,516		$	35,499		$	40,146

In thousands	September 28, 2013		December 29, 2012
Division assets
Americas Nonwovens	$	483,902	$	513,765
Europe Nonwovens	196,880		202,139
Asia Nonwovens	278,101		248,790
Oriented Polymers	27,574		25,329
Corporate	34,225		32,046
Total	$	1,020,682	$	1,022,069