Segment Information

3 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is a leading global, technology-driven developer, producer and marketer of engineered materials, primarily focused on the production of nonwoven products. The Company operates through four reportable segments, with the main source of revenue being the sales of primary and intermediate products to consumer 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.

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 29, 2014			Three Months Ended March 30, 2013
Net sales:
Americas Nonwovens	$	213,518		$	153,004
Europe Nonwovens	143,621			78,274
Asia Nonwovens	47,515			37,967
Oriented Polymers	17,930			17,837
Total	$	422,584		$	287,082
Operating income (loss):
Americas Nonwovens	$	19,195		$	11,474
Europe Nonwovens	6,235			3,292
Asia Nonwovens	4,152			4,553
Oriented Polymers	1,256			1,593
Unallocated Corporate	(13,254		)	(9,692		)
Eliminations	(36		)	(36		)
Subtotal	17,548			11,184
Special charges, net	(8,711		)	(1,804		)
Total	$	8,837		$	9,380
Depreciation and amortization expense:
Americas Nonwovens	$	11,828		$	8,317
Europe Nonwovens	5,925			3,059
Asia Nonwovens	5,572			3,389
Oriented Polymers	337			348
Unallocated Corporate	340			432
Subtotal	24,002			15,545
Amortization of loan acquisition costs	1,026			607
Total	$	25,028		$	16,152
Capital spending:
Americas Nonwovens	$	8,219		$	818
Europe Nonwovens	2,509			548
Asia Nonwovens	2,600			12,559
Oriented Polymers	41			125
Corporate	746			267
Total	$	14,115		$	14,317

In thousands	March 29, 2014		December 28, 2013
Division assets:
Americas Nonwovens	$	692,172	$	700,725
Europe Nonwovens	376,877		403,184
Asia Nonwovens	256,983		265,729
Oriented Polymers	25,889		26,441
Corporate	78,116		42,826
Total	$	1,430,037	$	1,438,905