SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Net Sales by Segment and for OPS, Reconciling Items to Equal to Consolidated Net Sales

Net sales by business segment is as follows:

Net Sales	For the Year Ended December 31,
In thousands	2020		2019		2018
Performance Materials Segment (1),(3):
Filtration Products	$	119,969	$	93,314	$	93,089
Sealing and Advanced Solutions Products	144,676		152,166		76,128
Performance Materials Segment net sales	264,645		245,480		169,217
Technical Nonwovens Segment (2):
Industrial Filtration Products	119,367		144,320		157,606
Advanced Materials Products (3)	102,973		111,026		119,465
Technical Nonwovens Segment net sales	222,340		255,346		277,071
Thermal Acoustical Solutions Segment:
Parts	272,414		326,436		328,057
Tooling	22,393		35,141		37,370
Thermal Acoustical Solutions Segment net sales	294,807		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) Income	For the Year Ended December 31,
In thousands	2020		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 Assets	At December 31,
In thousands	2020		2019		2018
Performance Materials Segment (1),(4)	$	265,107	$	325,164	$	414,211
Technical Nonwovens Segment (2)	245,094		242,787		242,007
Thermal Acoustical Solutions Segment	215,562		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 thousands	2020		2019		2018		2020		2019		2018
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 Segment	7,553		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

Schedule of Net Sales by Geographic Area

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

	Net Sales						Long-Lived Assets
In thousands	2020		2019		2018		2020		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 Kingdom	22,144		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.