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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company is organized based on the nature of its products and is composed of three reportable segments each overseen by a segment manager. These segments are reflective of how the Company's Chief Executive Officer, who is its Chief Operating Decision Maker ("CODM"), reviews operating results for the purpose of allocating resources and assessing performance. The Company has not aggregated operating segments for purposes of identifying reportable segments. As of December 31, 2020, the operating segments were Performance Materials, Technical Nonwovens, and Thermal Acoustical Solutions.

Performance Materials Segment

The Performance Materials segment is a worldwide leader in delivering innovative specialty filtration, sealing and advanced materials solutions for demanding applications. Specifically, the segment’s offerings include: (1) specialty filtration media solutions for a variety of applications in the global air and liquid filtration market such as personal protective equipment (“PPE”), indoor air quality, life sciences, transportation, and industrial applications; (2) gasket materials and parts for a broad range of applications in the global sealing market for parts in large/heavy duty equipment for commercial, industrial, agriculture, and construction end markets; and, (3) advanced materials that include highly engineered insulation solutions for cryogenic storage of liquid hydrogen/nitrogen, energy storage, and advanced composite materials for aerospace and defense applications.

Technical Nonwovens Segment

The Technical Nonwovens segment is a global leader in engineered nonwoven materials for industrial filtration applications and advanced materials products. The primary industrial filtration markets include air pollution and emissions control, power generation, and liquid filtration solutions. Advanced materials products include geotextile felts for separation, reinforcement, filtration, drainage, and protection; thermal and acoustic insulation for transportation and automotive applications, and highly customized and technical solutions for acoustic media, medical, building & construction, and safety apparel. Specifically, the segment’s offerings include needle punched nonwoven and highly engineered felts made from a variety of synthetic fibers. Automotive media is provided to Tier 1 and Tier 2 suppliers as well as the Company's Thermal Acoustical Solutions segment.

Thermal Acoustical Solutions Segment

The Thermal Acoustical Solutions segment designs, manufactures, and distributes a full range of innovative engineered products tailored for the transportation and industrial sectors. These products shield sensitive components from high temperature environments, assist in the reduction of harmful emissions and reduce noise and vibration. Within the transportation sector, the Company's products are found in the interior, underbody, and underhood of cars, trucks, SUVs, heavy duty trucks, and recreational vehicles.

See the "Business" section in Part I, Item I of this Annual Report on Form 10-K for additional information regarding the Company's strategy and a more detailed description of the Company's segments.
SEGMENT RESULTS

Net sales by business segment is as follows:

Net SalesFor the Year Ended December 31,
In thousands202020192018
Performance Materials Segment (1),(3):
Filtration Products$119,969 $93,314 $93,089 
Sealing and Advanced Solutions Products144,676 152,166 76,128 
Performance Materials Segment net sales264,645 245,480 169,217 
Technical Nonwovens Segment (2):
Industrial Filtration Products119,367 144,320 157,606 
Advanced Materials Products (3)
102,973 111,026 119,465 
Technical Nonwovens Segment net sales222,340 255,346 277,071 
Thermal Acoustical Solutions Segment:
Parts272,414 326,436 328,057 
Tooling22,393 35,141 37,370 
Thermal Acoustical Solutions Segment net sales294,807 361,577 365,427 
Eliminations and Other (3)
(17,751)(25,005)(25,818)
Consolidated Net Sales$764,041 $837,398 $785,897 

Operating (loss) income by business segment is as follows:

Operating (Loss) IncomeFor the Year Ended December 31,
In thousands2020
2019 (8)
2018
Performance Materials Segment (1),(4)
$(46,044)$(59,804)$13,139 
Technical Nonwovens Segment (2),(5)
18,599 22,895 21,323 
Thermal Acoustical Solutions Segment (6)
(871)23,590 38,085 
Corporate Office Expenses (7)
(33,749)(25,506)(23,359)
Consolidated Operating (Loss) Income$(62,065)$(38,825)$49,188 
Total assets by business segment is as follows:

Total AssetsAt December 31,
In thousands202020192018
Performance Materials Segment (1),(4)
$265,107 $325,164 $414,211 
Technical Nonwovens Segment (2)
245,094 242,787 242,007 
Thermal Acoustical Solutions Segment215,562 199,218 201,509 
Corporate Office 49,699 18,768 14,959 
Total Assets$775,462 $785,937 $872,686 
Capital expenditures and depreciation and amortization by business segment are as follows:

Capital Expenditures (11)
Depreciation and Amortization (10)
In thousands202020192018202020192018
Performance Materials Segment (1)
$19,185 $8,914 $11,288 $29,110 $25,118 $9,006 
Technical Nonwovens Segment (2)
5,651 9,345 5,864 11,460 12,702 13,877 
Thermal Acoustical Solutions Segment7,553 17,858 11,934 12,704 10,168 9,190 
Corporate Office 979 316 544 683 635 658 
Total$33,368 $36,433 $29,630 $53,957 $48,623 $32,731 

Net sales and long-lived assets by geographical region is as follows:

Net SalesLong-Lived Assets
In thousands2020201920182020
2019 (9)
2018
United States (1),(4)
$420,129 $478,720 $422,222 $131,992 $138,265 $136,448 
France (1)
79,343 75,313 66,579 22,289 13,723 13,219 
Germany (1),(4)
112,466 124,402 125,796 33,827 44,116 25,873 
United Kingdom22,144 26,556 27,156 5,598 5,981 4,844 
Canada (2)
74,347 76,535 87,622 31,293 29,667 25,614 
China (1)
48,586 54,036 54,198 16,597 17,888 11,958 
Other (1),(4)
7,026 1,836 2,324 1,758 3,211 4,085 
Total$764,041 $837,398 $785,897 $243,354 $252,851 $222,041 

(1)The Performance Materials segment includes the financial results of Interface Performance Materials and Precision Custom Coatings for the periods since the dates of the respective acquisitions of August 31, 2018 and July 12, 2018, respectively.
(2)The Technical Nonwovens segment includes results of Texel Geosol, Inc. ("Geosol") through the date of disposition of May 9, 2019.
(3)Included in the Performance Materials Segment, Technical Nonwovens Segment and Eliminations and Other are the following:
•Technical Nonwovens segment intercompany-sales of $14.5 million, $21.0 million, and $22.2 million to the Thermal Acoustical Solutions segment for the years ended December 31, 2020, 2019, and 2018, respectively.
•Performance Materials segment intercompany sales of $3.3 million, $4.0 million, and $3.5 million to the Thermal Acoustical Solutions segment for the years ended December 31, 2020, 2019, and 2018, respectively.
(4)Included in the operating results within the Performance Materials segment are the following:
•$61.1 million and $64.2 million of impairment charges related to goodwill and other long-lived assets for the years ended December 31, 2020 and 2019, respectively.
•$15.5 million of restructuring charges for the year ended December 31, 2020.
•$15.8 million, $16.2 million, and $3.5 million of intangible assets amortization for the years ended December 31, 2020, 2019 and 2018, respectively.
•$2.0 million of purchase accounting adjustment related to inventory step-up for the year ended December 31, 2018.
(5)Included in the operating results within the Technical Nonwovens segment are the following:
•$4.8 million, $5.1 million, and $5.6 million of intangible assets amortization for the years ended December 31, 2020, 2019 and 2018, respectively.
•$0.8 million and $2.3 million of restructuring expenses for the years ended December 31, 2019 and 2018, respectively.
(6)Included in the operating results within the Thermal Acoustical Solutions segment is $0.5 million of severance costs for the year ended December 31, 2020.
(7)Included in the operating results within Corporate Office Expenses are the following:
•$2.3 million in CEO transition expenses for the year ended December 31, 2019.
•$3.1 million, $1.5 million, and $3.6 million in corporate strategic initiatives predominantly within Corporate Office Expenses for the years ended December 31, 2020, 2019 and 2018, respectively.
•$0.4 million of restructuring charges for the year ended December 31, 2020.
(8)Included in the operating results across all segments is a total of $1.9 million of reduction-in-force severance expenses for the year ended December 31, 2019.
(9)Effective January 1, 2019, the Company adopted ASU 2016-02, "Leases (Topic 842)", requiring the Company to recognize right-of-use assets totaling $23.1 million at December 31, 2019.
(10)Depreciation and Amortization excludes the amortization of debt issuance costs in connection with the Amended Credit Agreement. Total amortization expense for the years ended December 31, 2020, 2019, and 2018, was $1.0 million, $0.3 million, and $0.2 million, respectively. See Note 7, “Long-term Debt and Financing Arrangements” in these Notes to the Consolidated Financial Statements for additional information.
(11)Capital expenditures include the net change in non-cash activity included in accounts payable during the year ended December 31, 2020, 2019, and 2018 of $0.1 million, $(0.6) million and $1.7 million, respectively.
Foreign sales are based on the country in which the sales originated (i.e., where the Company’s legal entity is domiciled). No customer accounted for more than 10.0% of total net sales in 2020. During 2019, and 2018, sales to Ford Motor Company were $99.1 million, and $116.1 million, respectively, and accounted for 11.8%, and 14.8% of the Company’s consolidated net sales for the years ended December 31, 2019 and 2018, respectively. These sales were reported in the Thermal Acoustical Solutions segment. No other customers accounted for more than 10.0% of total net sales in 2020, 2019, and 2018.