v3.26.1
Segments (Tables)
 6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Net sales by product line, by segment, were as follows:
Three Months EndedSix Months Ended
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
High Purity Cellulose
Cellulose Specialties$188,508 $200,126 $336,580 $394,678 
Cellulose Commodities100,980 58,484 203,191 131,326 
Biomaterials and other11,974 13,350 24,592 27,978 
Total High Purity Cellulose301,462 271,960 564,363 553,982 
Paperboard & High Yield Pulp
Paperboard48,381 46,451 90,107 95,644 
High Yield Pulp26,283 21,568 40,650 46,260 
Total Paperboard & High Yield Pulp74,664 68,019 130,757 141,904 
Corporate & Other16 69 87 129 
Net sales$376,142 $340,048 $695,207 $696,015 
Significant segment expenses included the following:
Three Months Ended June 27, 2026
Three Months Ended June 28, 2025
High Purity CellulosePaperboard & High Yield PulpTotalHigh Purity CellulosePaperboard & High Yield PulpTotal
Segment net sales$301,462 $74,664 $376,126 $271,960 $68,019 $339,979 
Corporate & Other net sales16 69 
Total consolidated net sales$376,142 $340,048 
Cost of sales
Key input costs (wood, chemicals, energy)228,436 31,061 109,219 32,539 
Fixed and other costs of sales(a)
38,474 55,506 135,300 39,527 
Total segment cost of sales266,910 86,567 $353,477 244,519 72,066 $316,585 
Selling, general and administrative expense6,756 2,183 6,009 3,354 
Asset impairment— 13,037 — — 
Suspension charges827 — 229 — 
Other segment items(b)
(2,322)— 1,380 9 
Segment operating income (loss)$29,291 $(27,123)2,168 $19,823 $(7,410)12,413 
Reconciliation of Segment Operating Income (Loss) to Consolidated Loss from Continuing Operations before Income Tax
Corporate & Other operating loss(8,511)(13,752)
Interest expense(24,714)(23,694)
Components of pension and OPEB, excluding service costs1,122 673 
Other expense, net(137)(1,800)
Loss from continuing operations before income tax$(30,072)$(26,160)
Other segment items
Depreciation and amortization$27,395 $3,606 $31,001 $24,730 $5,928 $30,658 
Corporate & Other depreciation and amortization996 529 
Total consolidated depreciation and amortization$31,997 $31,187 
Six Months Ended June 27, 2026
Six Months Ended June 28, 2025
High Purity CellulosePaperboard & High Yield PulpTotalHigh Purity CellulosePaperboard & High Yield PulpTotal
Segment net sales$564,363 $130,757 $695,120 $553,982 $141,904 $695,886 
Corporate & Other net sales87 129 
Total consolidated net sales$695,207 $696,015 
Cost of sales
Key input costs (wood, chemicals, energy)226,673 61,985 227,727 71,564 
Fixed and other costs of sales(a)
302,500 88,872 269,738 79,221 
Total segment cost of sales529,173 150,857 $680,030 497,465 150,785 $648,250 
Selling, general and administrative expense12,827 4,167 13,770 6,844 
Temiscaming HPC permanent idling charges40,883 — — — 
Asset impairment— 13,037 — — 
Suspension charges955 — 634 — 
Other segment items(b)
(5,583)18 1,995 480 
Segment operating income (loss)$(13,892)$(37,322)(51,214)$40,118 $(16,205)23,913 
Reconciliation of Segment Operating Income (Loss) to Consolidated Loss from Continuing Operations before Income Tax
Corporate & Other operating loss(20,444)(40,345)
Interest expense(47,828)(47,297)
Components of pension and OPEB, excluding service costs2,155 1,305 
Other expense, net(1,089)(908)
Loss from continuing operations before income tax$(118,420)$(63,332)
Other segment items
Depreciation and amortization$55,495 $7,553 $63,048 $49,813 $11,755 $61,568 
Temiscaming HPC permanent idling charges - accelerated depreciation34,494 — 34,494 — — — 
Segment depreciation and amortization$89,989 $7,553 97,542 $49,813 $11,755 61,568 
Corporate & Other depreciation and amortization2,402 870 
Total consolidated depreciation and amortization$99,944 $62,438 
(a)Primarily includes salaries, wages and benefits, depreciation and amortization, logistics costs and maintenance costs.
(b)Primarily includes foreign exchange gain (loss), environmental remediation expense, gain (loss) on disposal of property, plant and equipment and income (loss) from equity method investments.
Schedule of Reconciliation of Identifiable Assets
Identifiable assets by segment include the Company’s current assets and were as follows:
June 27, 2026December 31, 2025
High Purity Cellulose$395,656 $446,521 
Paperboard & High Yield Pulp101,927 101,787 
Corporate & Other12,839 20,075 
Total assets$510,422 $568,383