$MATV
Mativ Holdings, Inc.

2016 Q4 Form 10-Q Financial Statement

#000100062316000212 Filed on November 02, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $198.7M $209.3M $184.4M
YoY Change -5.29% 13.5% -9.74%
Cost Of Revenue $146.2M $132.0M
YoY Change 10.76% -12.81%
Gross Profit $63.20M $63.10M $52.40M
YoY Change -3.95% 20.42% -0.95%
Gross Profit Margin 31.81% 30.15% 28.42%
Selling, General & Admin $26.80M $15.80M
YoY Change 69.62% -24.04%
% of Gross Profit 42.47% 30.15%
Research & Development $4.200M $3.500M
YoY Change 20.0% -2.78%
% of Gross Profit 6.66% 6.68%
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $31.00M $19.30M
YoY Change 60.62% -20.9%
Operating Profit $6.200M $30.80M $31.80M
YoY Change -74.9% -3.14% 26.19%
Interest Expense $3.900M $1.700M
YoY Change 129.41% -5.56%
% of Operating Profit 12.66% 5.35%
Other Income/Expense, Net $700.0K $1.300M
YoY Change -46.15% -51.85%
Pretax Income $27.60M $31.40M
YoY Change -12.1% 20.31%
Income Tax $10.70M $5.900M
% Of Pretax Income 38.77% 18.79%
Net Earnings $17.00M $18.70M $25.80M
YoY Change -21.66% -27.52% 12.17%
Net Earnings / Revenue 8.56% 8.93% 13.99%
Basic Earnings Per Share $0.55 $0.62 $0.85
Diluted Earnings Per Share $0.55 $0.61 $0.85
COMMON SHARES
Basic Shares Outstanding 30.54M shares 30.32M shares 30.28M shares
Diluted Shares Outstanding 30.46M shares 30.41M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $107.4M $89.50M $268.5M
Short-Term Investments
Other Short-Term Assets $5.100M $5.600M $5.600M
YoY Change 10.87% 0.0% -3.45%
Inventory $119.4M $110.9M $102.4M
Prepaid Expenses
Receivables $115.1M $137.0M $119.1M
Other Receivables
Total Short-Term Assets $364.3M $363.1M $510.9M
YoY Change -18.1% -28.93% -9.14%
LONG-TERM ASSETS
Property, Plant & Equipment $307.4M $308.9M $313.4M
YoY Change -0.23% -1.44% -15.21%
Goodwill $229.5M $232.4M $124.5M
YoY Change -1.63% 86.67% 3.15%
Intangibles $177.5M $203.5M $85.60M
YoY Change -17.02% 137.73% 9.18%
Long-Term Investments $63.80M $67.60M $66.30M
YoY Change -5.48% 1.96% -0.9%
Other Assets $27.50M $27.00M $19.20M
YoY Change 23.32% 40.63% -37.46%
Total Long-Term Assets $809.4M $841.8M $609.0M
YoY Change -4.24% 38.23% -8.6%
TOTAL ASSETS
Total Short-Term Assets $364.3M $363.1M $510.9M
Total Long-Term Assets $809.4M $841.8M $609.0M
Total Assets $1.174B $1.205B $1.120B
YoY Change -9.02% 7.59% -8.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $50.30M $47.10M $39.90M
YoY Change 2.65% 18.05% -14.74%
Accrued Expenses $77.20M $70.70M $77.80M
YoY Change -9.71% -9.13% -3.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $3.000M $3.200M $3.100M
YoY Change -9.09% 3.23% -65.17%
Total Short-Term Liabilities $135.8M $130.4M $122.0M
YoY Change -5.1% 6.89% -10.56%
LONG-TERM LIABILITIES
Long-Term Debt $437.4M $441.1M $397.0M
YoY Change -23.02% 11.11% -9.34%
Other Long-Term Liabilities $29.30M $26.60M $34.50M
YoY Change -8.44% -22.9% 35.29%
Total Long-Term Liabilities $466.7M $467.7M $431.5M
YoY Change -22.24% 8.39% -6.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $135.8M $130.4M $122.0M
Total Long-Term Liabilities $466.7M $467.7M $431.5M
Total Liabilities $665.4M $679.5M $659.9M
YoY Change -19.06% 2.97% -6.75%
SHAREHOLDERS EQUITY
Retained Earnings $585.3M $581.2M $543.1M
YoY Change 5.92% 7.02% 7.4%
Common Stock $3.100M $3.100M $3.000M
YoY Change 3.33% 3.33% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $508.3M $525.4M $460.0M
YoY Change
Total Liabilities & Shareholders Equity $1.174B $1.205B $1.120B
YoY Change -9.02% 7.59% -8.85%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $17.00M $18.70M $25.80M
YoY Change -21.66% -27.52% 12.17%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

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82500000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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27600000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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91300000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.84
us-gaap Income Loss From Continuing Operations Per Basic Share
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2.26
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
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2.16
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.84
us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
us-gaap Income Loss From Continuing Operations Per Diluted Share
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2.15
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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200000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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0 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
us-gaap Income Loss From Equity Method Investments
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4300000 USD
CY2015Q4 us-gaap Long Term Debt Current
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3300000 USD
CY2016Q3 us-gaap Long Term Debt Current
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3200000 USD
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CY2015Q3 us-gaap Income Tax Expense Benefit
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5900000 USD
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17900000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
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10700000 USD
us-gaap Income Tax Expense Benefit
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27900000 USD
us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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24400000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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32600000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
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14700000 USD
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2000000 USD
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us-gaap Increase Decrease In Accrued Income Taxes Payable
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12600000 USD
us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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3000000 USD
us-gaap Increase Decrease In Inventory For Long Term Contracts Or Programs
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us-gaap Increase Decrease In Operating Capital
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22500000 USD
us-gaap Increase Decrease In Operating Capital
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14400000 USD
us-gaap Increase Decrease In Prepaid Expense
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0 USD
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1000000 USD
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CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
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CY2015Q3 us-gaap Interest Expense
InterestExpense
1700000 USD
us-gaap Interest Expense
InterestExpense
5300000 USD
CY2016Q3 us-gaap Interest Expense
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3900000 USD
us-gaap Interest Expense
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12600000 USD
us-gaap Interest Paid
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5200000 USD
us-gaap Interest Paid
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10500000 USD
CY2015Q4 us-gaap Inventory Finished Goods Net Of Reserves
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36100000 USD
CY2016Q3 us-gaap Inventory Finished Goods Net Of Reserves
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40400000 USD
CY2015Q4 us-gaap Inventory Net
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CY2016Q3 us-gaap Inventory Net
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CY2015Q4 us-gaap Inventory Raw Materials Net Of Reserves
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45200000 USD
CY2016Q3 us-gaap Inventory Raw Materials Net Of Reserves
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39500000 USD
CY2015Q4 us-gaap Inventory Supplies Net Of Reserves
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13800000 USD
CY2016Q3 us-gaap Inventory Supplies Net Of Reserves
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10000000 USD
CY2015Q4 us-gaap Inventory Work In Process Net Of Reserves
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17300000 USD
CY2016Q3 us-gaap Inventory Work In Process Net Of Reserves
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21000000 USD
CY2015Q4 us-gaap Liabilities
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822100000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
679500000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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1290000000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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1204900000 USD
CY2015Q4 us-gaap Liabilities Current
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143100000 USD
CY2016Q3 us-gaap Liabilities Current
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130400000 USD
CY2015Q4 us-gaap Long Term Debt
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CY2016Q3 us-gaap Long Term Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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80200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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83000000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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79700000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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83100000 USD
CY2015Q3 us-gaap Net Income Loss
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25800000 USD
us-gaap Net Income Loss
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68000000 USD
CY2016Q3 us-gaap Net Income Loss
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18700000 USD
us-gaap Net Income Loss
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65800000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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25800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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67600000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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18600000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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65400000 USD
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1300000 USD
us-gaap Nonoperating Income Expense
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9500000 USD
CY2016Q3 us-gaap Nonoperating Income Expense
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700000 USD
us-gaap Nonoperating Income Expense
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4000000 USD
CY2016Q3 us-gaap Number Of Countries In Which Entity Operates
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us-gaap Number Of Operating Segments
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us-gaap Number Of Reportable Segments
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us-gaap Operating Expenses
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69800000 USD
CY2016Q3 us-gaap Operating Expenses
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us-gaap Operating Expenses
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31800000 USD
us-gaap Operating Income Loss
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CY2016Q3 us-gaap Operating Income Loss
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30800000 USD
us-gaap Operating Income Loss
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CY2016Q3 us-gaap Other Assets Current
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CY2016Q3 us-gaap Other Assets Noncurrent
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27000000 USD
CY2015Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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200000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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5300000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Tax
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us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Before Tax
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3400000 USD
us-gaap Other Comprehensive Income Loss Before Tax
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24900000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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2000000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax
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15700000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
300000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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17900000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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1700000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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5300000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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5300000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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2800000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
500000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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1800000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1000000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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500000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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1800000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Tax
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us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2015Q4 us-gaap Other Liabilities Noncurrent
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CY2016Q3 us-gaap Other Liabilities Noncurrent
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us-gaap Other Operating Activities Cash Flow Statement
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300000 USD
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Repurchase Of Common Stock
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2900000 USD
us-gaap Payments For Repurchase Of Common Stock
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CY2015 us-gaap Payments For Restructuring
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8300000 USD
us-gaap Payments For Restructuring
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6700000 USD
us-gaap Payments For Software
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700000 USD
us-gaap Payments For Software
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1700000 USD
us-gaap Payments Of Dividends
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34700000 USD
us-gaap Payments Of Dividends
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36600000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
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17500000 USD
CY2015Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
33500000 USD
CY2016Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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33100000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.1
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.1
CY2015Q4 us-gaap Preferred Stock Shares Authorized
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10000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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35500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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35600000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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200000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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0 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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308100000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
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308900000 USD
us-gaap Repayments Of Long Term Debt
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68100000 USD
us-gaap Repayments Of Long Term Debt
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167200000 USD
CY2015Q3 us-gaap Research And Development Expense
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3500000 USD
us-gaap Share Based Compensation
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3700000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
100000 USD
CY2016Q3 us-gaap Stockholders Equity
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525400000 USD
CY2015Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
200000 USD
CY2016Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
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200000 USD
CY2015Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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133200 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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123600 shares
us-gaap Research And Development Expense
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">General</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Business</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Schweitzer-Mauduit International, Inc., or SWM or the Company, headquartered in Alpharetta, Georgia in the United States of America, is a multinational diversified producer of highly engineered solutions and advanced materials for a variety of industries. The Company maintains two operating product line segments: Engineered Papers and Advanced Materials and Structures.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Historically, through its Engineered Papers, or EP, segment, the Company has primarily served the tobacco industry via the manufacture and sale of paper and reconstituted tobacco products, which remains a key focus. The primary products sold to the tobacco industry include cigarette, plug wrap and base tipping papers, or Cigarette Papers, which are used to wrap various parts of a cigarette, reconstituted tobacco leaf, or RTL, which is used as a blend with virgin tobacco in cigarettes, and reconstituted tobacco wrappers and binders for cigars. These products are sold directly to tobacco companies or their designated converters in the Americas, Europe, Asia, Africa, the Middle East and elsewhere. The EP segment is a manufacturer of lightweight specialty papers used in manufacturing banded papers used in the production of lower ignition propensity, or LIP, cigarettes and also produces premium specialized papers for other applications, including low volume specialized commercial and industrial commodity paper grades produced, among other reasons, to maximize machine utilization.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Through its Advanced Materials &amp; Structures, or AMS, segment, the Company is a specialty producer of resin-based plastic netting through an extrusion process, as well as certain meltblown products, machined plastic core tubes, urethane films, and resin-based rolled products for use in other end segments, such as filtration, surface protection, medical and other industrials. As discussed more fully in Note 3. Business Acquisitions, in October 2015, the Company completed the acquisition of Argotec Intermediate Holdings LLC, or Argotec, a manufacturer of urethane films for use in high-performance niche applications such as surface and automotive paint protection, glass lamination, medical woundcare and other industrial uses. This acquisition has been incorporated into the AMS segment.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has operations in the United States, United Kingdom, Canada, France, Luxembourg, Russia, Brazil, China and Poland, conducts business in over </font><font style="font-family:inherit;font-size:10pt;">90</font><font style="font-family:inherit;font-size:10pt;"> countries, and operates </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">18</font><font style="font-family:inherit;font-size:10pt;"> production locations worldwide. The Company also has a </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> equity interest in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> joint ventures in China: China Tobacco Mauduit (Jiangmen) Paper Industry Ltd., or CTM, which produces cigarette and porous plug wrap papers, and China Tobacco Schweitzer (Yunnan) Reconstituted Tobacco Co. Ltd., or CTS, which produces RTL.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements and the notes thereto have been prepared in accordance with the instructions of Form 10-Q and Rule 10-01 of Regulation S-X of the Securities and Exchange Commission, or the SEC, and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America, or U.S. GAAP. However, such information reflects all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair statement of results for the interim periods including the results of a business reclassified as a discontinued operation which is more fully described in Note </font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">. Discontinued Operations.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations are not necessarily indicative of the results to be expected for the full year. The unaudited condensed consolidated financial statements and these notes thereto included herein should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2015, as filed with the SEC on February 26, 2016.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The condensed consolidated financial statements include the accounts of the Company and its wholly-owned, majority-owned and controlled subsidiaries. The Company&#8217;s share of the net income of its </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;">-owned joint ventures in China is included in the condensed consolidated statements of income as income (loss) from equity affiliates. Intercompany balances and transactions have been eliminated.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, inventory valuation, useful lives of tangible and intangible assets, fair values, sales returns and rebates, receivables valuation, pension, postretirement and other benefits, restructuring and impairment, taxes and contingencies. Actual results could differ materially from those estimates.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board, or FASB, issued ASU 2014-09, "Revenue from Contracts with Customers" (Topic 606). This guidance specifies how and when an entity will recognize revenue arising from contracts with customers and requires entities to disclose information about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB deferred the effective date for annual reporting periods beginning after December 15, 2017 (including interim reporting periods within those periods). Early adoption is permitted to the original effective date of December 15, 2016 (including interim reporting periods within those periods). The Company is currently in the process of evaluating the impact of the pronouncement on the consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." This update requires entities to measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using the Last-in, First-out or the retail inventory method. This guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods thereafter. The Company is currently in the process of evaluating the impact of the pronouncement on the consolidated financial statements and does not expect that its adoption will have a material impact on the consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842): Amendments to the FASB Accounting Standards Codification." The new standard establishes a right-of-use model that requires a lessee to record a right-of-use asset and a lease liability on the balance sheet for all leases with terms longer than twelve months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. This guidance is effective for annual reporting periods beginning after December 15, 2018, and interim periods thereafter. Early adoption is permitted. Companies must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently in the process of evaluating the impact of the pronouncement on the consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting." This standard makes several modifications to existing guidance related to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. ASU 2016-09 also clarifies the statement of cash flows presentation for certain components of share-based awards. This guidance is effective for annual reporting periods beginning after December 15, 2016, and interim periods thereafter. Early adoption is permitted. The Company is currently in the process of evaluating the impact of the pronouncement on the consolidated financial statements.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March, April and May 2016, the FASB issued ASU 2016-08, &#8220;Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net),&#8221; ASU 2016-10, &#8220;Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing,&#8221; ASU 2016-11, "Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates 2014-09 and 2014-16 Pursuant to Staff Announcements at the March 3, 2016 EITF Meeting," and ASU 2016-12, "Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients," which provide supplemental adoption guidance and clarification to ASC 2014-09. ASU 2016-08, ASU 2016-10, ASU 2016-11 and ASU 2016-12 must be adopted concurrently with the adoption of ASU 2014-09. The Company is currently in the process of evaluating the impact of the pronouncements on the consolidated financial statements.</font></div></div>
us-gaap Use Of Estimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosures of contingent assets and liabilities in the condensed consolidated financial statements and accompanying notes. Estimates are used for, but not limited to, inventory valuation, useful lives of tangible and intangible assets, fair values, sales returns and rebates, receivables valuation, pension, postretirement and other benefits, restructuring and impairment, taxes and contingencies. Actual results could differ materially from those estimates.</font></div></div>

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