XML 60 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
The Company's two operating product line segments are also the Company's reportable segments: Paper and Reconstituted Tobacco. The Paper segment primarily produces Cigarette Papers such as cigarette papers, including LIP papers, plug wrap papers and base tipping papers used to wrap various parts of a cigarette for sale to cigarette manufacturers. The Paper segment also includes commercial and industrial products such as lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter paper and other specialized papers. These non-tobacco industry products are generally sold directly to converters and other end-users or brokers. The Reconstituted Tobacco segment produces reconstituted tobacco leaf, or RTL, and wrapper and binder products for sale to cigarette and cigar manufacturers.
 
Information about Net Sales and Operating Profit

The accounting policies of these segments are the same as those described in Note 2. Summary of Significant Accounting Policies in the Notes to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2012. The Company primarily evaluates segment performance and allocates resources based on operating profit. Expense amounts not associated with segments are referred to as unallocated expenses.

($ in millions)
Net Sales
 
Three Months Ended
 
March 31, 2013
 
March 31, 2012
Paper
$
138.9

 
71.4
%
 
$
135.1

 
69.3
%
Reconstituted Tobacco
55.6

 
28.6

 
59.9

 
30.7

Total Consolidated
$
194.5

 
100.0
%
 
$
195.0

 
100.0
%

($ in millions)
Operating Profit
 
Three Months Ended
 
March 31, 2013
 
March 31, 2012
Paper
$
25.3

 
60.7
 %
 
$
5.1

 
20.2
 %
Reconstituted Tobacco
21.4

 
51.3

 
24.7

 
98.0

Unallocated
(5.0
)
 
(12.0
)
 
(4.6
)
 
(18.2
)
Total Consolidated
$
41.7

 
100.0
 %
 
$
25.2

 
100.0
 %