Wausau Paper Inactive 10-Q5 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'WAUSAU PAPER CORP.	'
Entity Central Index Key	'0000105076	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	50,001,095
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statements of Comprehensive Income (Loss)	'	'	'	'
Net sales	$95,423	$91,663	$262,144	$257,480
Cost of sales	80,013	78,290	226,965	223,018
Gross profit	15,410	13,373	35,179	34,462
Selling and administrative	13,041	13,557	40,966	39,265
Operating profit (loss)	2,369	-184	-5,787	-4,803
Other income (expense):	'	'	'	'
Interest expense	-2,894	-1,972	-7,473	-6,840
Loss on early extinguishment of debt	-14,350	'	-14,350	'
Other expense, net	-14	-10	-11	-15
(Loss) earnings from continuing operations before income taxes	-14,889	-2,166	-27,621	-11,658
Provision (Credit) for income taxes	-5,734	-132	-10,299	8,703
(Loss) earnings from continuing operations	-9,155	-2,034	-17,322	-20,361
(Loss) earnings from discontinued operations, net of tax	-321	-818	-882	-66,922
Net (loss) earnings	-9,476	-2,852	-18,204	-87,283
Net (loss) earnings per share-basic and diluted:	'	'	'	'
Continuing operations (in dollars per share)	($0.18)	($0.04)	($0.35)	($0.41)
Net (loss) earnings from discontinued operations, per share - basic and diluted	($0.01)	($0.02)	($0.02)	($1.35)
Net (loss) earnings (in dollars per share)	($0.19)	($0.06)	($0.36)	($1.77)
Weighted average shares outstanding - basic (in shares)	50,433	49,431	50,099	49,398
Weighted average shares outstanding - diluted (in shares)	50,433	49,431	50,099	49,398
Other comprehensive income (loss):	'	'	'	'
Retirement and other post-retirement plans, net of tax of $(58) and $1,080 for the three months ended September 30, 2014 and 2013, respectively, and $168 and $15,139 for the nine months ended September 30, 2014 and 2013, respectively	-96	314	281	23,253
Other comprehensive income (loss)	-96	314	281	23,253
Comprehensive (loss) income	($9,572)	($2,538)	($17,923)	($64,030)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statements of Comprehensive Income (Loss)	'	'	'	'
Retirement and other post-retirement plans, deferred tax	($58)	$1,080	$168	$15,139

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$4,367	$19,594
Receivables, net	27,493	29,106
Refundable income taxes	1,285	1,927
Inventories	30,910	35,718
Spare parts	12,034	10,607
Other current assets	2,424	2,243
Assets of discontinued operations	48	8,587
Total current assets	78,561	107,782
Property, plant, and equipment, net	294,040	298,964
Deferred income taxes	33,237	20,470
Other assets	57,368	54,347
Assets of discontinued operations - long-term	13	'
Total Assets	463,219	481,563
Current liabilities:	'	'
Accounts payable	28,195	29,900
Deferred income taxes	10,946	10,118
Accrued and other liabilities	36,655	31,965
Liabilities of discontinued operations	1,918	1,894
Total current liabilities	77,714	73,877
Long-term debt	171,160	150,000
Post-retirement benefits	29,912	30,247
Pension	19,045	38,838
Other noncurrent liabilities	16,481	19,470
Other noncurrent liabilities of discontinued operations	866	989
Total liabilities	315,178	313,421
STOCKHOLDERS' EQUITY	'	'
Accumulated other comprehensive loss.	-26,939	-27,220
Total stockholders' equity	148,041	168,142
Total Liabilities and Stockholders' Equity	$463,219	$481,563

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($18,204)	($87,283)
Provision for depreciation, depletion, and amortization	30,788	71,990
Loss (gain) on sale of assets	-227	'
Impairment of long-lived assets	'	63,712
Loss on early extinguishment of debt	14,350	'
Non-cash inventory, spare parts and other writedowns	211	6,653
Deferred income taxes	-10,628	-23,097
Other non-cash items	2,588	1,582
Changes in operating assets and liabilities:	'	'
Receivables	3,808	-1,235
Inventories	4,957	-3,420
Other assets	-16,865	-17,235
Accounts payable and other liabilities	-20,884	-16,971
Net cash used in operating activities	-10,106	-5,304
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Capital expenditures	-12,831	-29,457
Proceeds from sale of business	'	105,067
Proceeds from sale of assets	7,056	1,243
Net cash (used in) provided by investing activities	-5,775	76,853
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Net payments of commercial paper	'	-40,700
Payments of debt issuance costs	-3,544	'
Payments of premium on early extinguishment of debt	-13,833	'
Borrowings under credit agreements	171,500	65,000
Payments under credit agreements	-150,437	-70,500
Proceeds from stock option exercises	1,450	406
Dividends paid	-4,482	-4,446
Net cash provided by (used in) financing activities	654	-50,240
Net (decrease) increase in cash and cash equivalents	-15,227	21,309
Cash and cash equivalents at beginning of year	19,594	4,044
Cash and cash equivalents at end of year	$4,367	$25,353

Description_of_the_Business

Description of the Business	9 Months Ended
Description of the Business	Sep. 30, 2014
Description of the Business	'
Description of the Business	'
	Note 1.Description of the Business

	Wausau Paper Corp. manufactures, converts, and sells a complete line of towel and tissue products that are marketed along with soap and dispensing systems for the industrial and commercial “away-from-home” market. Our products are primarily sold within the United States and Canada.

	During 2013, we announced our intent to focus our management efforts and future investments in the industrial and commercial “away-from-home” towel and tissue market. As a result, we exited our participation in the technical specialty paper business in which we had competed. See Note 4, “Discontinued Operations and Other” for further information regarding discontinued operations.

Basis_of_Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2014
Basis of Presentation	'
Basis of Presentation	'
	Note 2.Basis of Presentation

	The condensed consolidated financial statements include the results of Wausau Paper Corp. and our consolidated subsidiaries. The accompanying condensed consolidated financial statements, in the opinion of management, reflect all adjustments, which are normal and recurring in nature and which are necessary for a fair statement of the results for the periods presented. Results for the interim period are not necessarily indicative of future results. In all regards, the financial statements have been presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Refer to the notes to consolidated financial statements, which appear in the Annual Report on Form 10-K for the year ended December 31, 2013, for our accounting policies and other disclosures, which are pertinent to these statements.

	The results of operations of our former technical specialty paper business are reported as a discontinued operation in the Condensed Consolidated Statements of Comprehensive Loss for all periods presented. The corresponding assets and liabilities of the discontinued operations in the Condensed Consolidated Balance Sheets have been reclassified in accordance with authoritative literature on discontinued operations for all periods presented. Also, in accordance with the authoritative literature, we have elected to not separately disclose the cash flows related to the discontinued operation. See Note 4, “Discontinued Operations and Other” for further information regarding discontinued operations.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2014
New Accounting Pronouncements	'
New Accounting Pronouncements	'
	Note 3.New Accounting Pronouncements

	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11 “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists”. This guidance requires unrecognized tax benefits to be presented as a decrease in net operating loss, similar tax loss or tax credit carryforward if certain criteria are met. The guidance is to be applied prospectively beginning January 1, 2014. The adoption of ASU No. 2013-11 did not have an impact on our results of operations or financial position.

	On September 13, 2013, the Internal Revenue Service released final tangible property regulations under Sections 162(a) and 263(a) of the Internal Revenue Service Code (“IRC”) and proposed regulations under Section 168 of the IRC. These regulations generally apply to taxable years beginning on or after January 1, 2014 and affect all taxpayers that acquire, produce, or improve tangible property. The adoption of these regulations did not have a material impact on our Condensed Consolidated Financial Statements.

	On April 10, 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” This guidance changes the definition of a discontinued operation to a strategic shift that has or will have a major impact on an entity’s operations or financial results. Additionally, there are new disclosure requirements to enhance transparency for reporting purposes. ASU 2014-08 is to be applied prospectively to all disposals that occur in annual periods beginning on or after December 15, 2014. We do not expect the adoption of this guidance will have a material impact on our Consolidated Financial Statements.

	On May 28, 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” This standard provides companies with a single model for use in accounting for revenue arising from contracts with customers. The core principle of this model is to recognize revenue when control of the goods or services transfers to the customer, as opposed to recognizing revenue when the risks and rewards transfer to the customer under the existing revenue guidance. ASU No. 2014-09 is effective with annual periods beginning after December 15, 2016, with early adoption not permitted. The guidance allows companies to either apply the requirements retrospectively to all prior periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. We do not expect the adoption of this guidance will have a material impact on our Consolidated Financial Statements.

	On June 19, 2014, the FASB issued ASU No. 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.” For share-based payments with a performance target that could be achieved after the requisite vesting period, the guidance requires the target be treated as a performance condition under FASB ASC Topic 718, “Compensation-Stock Compensation,” and, as a result, should not be included in the estimation of the grant-date fair value of the award. Instead, ASU No. 2014-12 requires companies to recognize compensation expense for the award when it becomes probable that the performance target will be achieved. ASU No. 2014-12 is effective for annual periods beginning after December 15, 2015, and may be applied either prospectively or retrospectively. We do not expect the adoption of this guidance will have a material impact on our Consolidated Financial Statements.

	On August 27, 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements-Going Concern.” This standard provides guidance on management’s responsibility to evaluate whether there is substantial doubt about a company’s ability to continue as a going concern and related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company’s ability to continue as a going concern within one year from the date the financial statements are issued. ASU No. 2014-15 is effective for annual periods ending after December 15, 2016, and for interim and annual periods thereafter, with early adoption permitted. We do not expect the adoption of this guidance will have a material impact on our Consolidated Financial Statements.

Discontinued_Operations_and_Ot

Discontinued Operations and Other	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Other	'
Discontinued Operations and Other	'
	Note 4.Discontinued Operations and Other

	We determined that as of the interim period ended June 30, 2013, the sale of the specialty paper business and the closure of the Brainerd, Minnesota paper mill (“Brainerd”), met the criteria for discontinued operations presentation as established in FASB Accounting Standards Codification (“ASC”) Subtopic 205-20, “Discontinued Operations.” Therefore, the results of operations of the specialty paper business and Brainerd have been reported as discontinued operations in the Condensed Consolidated Statements of Comprehensive Loss for all periods presented. The corresponding assets and liabilities of the discontinued operations have been reclassified in accordance with authoritative literature on discontinued operations for all periods presented. The Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2014 and 2013 have not been adjusted to separately disclose cash flows related to discontinued operations.

	The sale of the specialty paper business and primarily all related assets and selected liabilities, excluding Brainerd, closed on June 26, 2013. The sale generated a pre-tax impairment charge of $63.7 million, which is recorded in loss from discontinued operations in the Condensed Consolidated Statements of Comprehensive Loss for the nine months ended September 30, 2013. As there were no quoted market prices available for these or similar assets, we used the actual sales price to determine the fair market value of the assets, which is a level 3, unobservable input. Included in the impairment charge is a net pre-tax credit of approximately $5.9 million related to pension and other postretirement plan settlements, curtailments, and special termination benefits resulting from modifications made to the plans in connection with the transaction. Additionally, pre-tax charges related to severance and benefits, contract termination, and other associated closure costs totaled $0.6 million and $1.4 million for the three months ended September 30, 2014 and September 30, 2013, respectively. For the nine months ended September 30, 2014 and September 30, 2013, the aforementioned pre-tax closure charges were $1.3 million and $5.7 million, respectively.

	The agreement to sell the specialty paper business also includes a provision whereby we would receive a contingent payment from the buyer if certain performance thresholds and other events occur. At September 30, 2014, no amounts have been recognized related to this provision, as we are not able to determine whether such events will occur.

	In February 2013, we announced the planned closure of Brainerd and the facility permanently closed on March 29, 2013. Pre-tax charges related to severance and benefit continuation costs and other associated closure costs recorded for the three and nine months ended September 30, 2014 were $0.3 million and $0.5 million, respectively. These amounts include $0.2 million to writedown the value of assets held for sale. Pre-tax charges for severance and benefit continuation costs and other associated closure costs totaled $0.4 million for the three months ended September 30, 2013. For the nine months ended September 30, 2013, pre-tax charges included accelerated depreciation on long lived assets of $35.7 million; inventory and spare parts write downs of $6.7 million; and other associated closure costs of $3.0 million.

	In June 2014, we sold a portion of the group of assets held for sale associated with Brainerd and realized proceeds on the sale of $2.6 million. In August 2014, we sold the remaining group of assets and realized proceeds on the sale of $4.4 million. Total proceeds realized on the sale of the Brainerd assets were $7.0 million for the nine months ending September 30, 2014. There was a gain of $0.5 million recognized in the three months ended September 30, 2014, on the disposal of the Brainerd asset group.

	At September 30, 2014, there was $0.1 million in assets of discontinued operations, comprised primarily of land held for sale. Also at September 30, 2014, there were $1.9 million in current liabilities and $0.9 million in other noncurrent liabilities that are primarily related to contract termination costs and are classified as discontinued operations in the Condensed Consolidated Balance Sheets. At December 31, 2013, there was $8.6 million in current assets of discontinued operations, comprised primarily of $6.7 million related to assets held for sale of Brainerd. Also at December 31, 2013, there were $1.9 million in current liabilities and $1.0 million in other noncurrent liabilities that are primarily related to contract termination costs and were classified as discontinued operations in the Condensed Consolidated Balance Sheets.

	The following table summarizes certain Condensed Consolidated Statements of Comprehensive Loss information for discontinued operations:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all amounts in thousands, except per share data)	2014			2013			2014			2013

	Net sales	$	49		$	1,644		$	428		$	209,756

	Earnings (loss) from discontinued operations before income taxes	(673		)	(1,527		)	(1,871		)	(107,971		)
	Provision (credit) for income taxes	(352		)	(709		)	(989		)	(41,049		)
	Loss from discontinued operations, net of taxes	$	(321	)	$	(818	)	$	(882	)	$	(66,922	)

	Net loss per share — basic and diluted	$	(0.01	)	$	(0.02	)	$	(0.02	)	$	(1.35	)

	The following table summarizes the components of costs included in loss from discontinued operations in the Condensed Consolidated Statements of Comprehensive Loss associated with the sale of the specialty paper business and closure of Brainerd.

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all dollar amounts in thousands)	2014			2013			2014			2013

	Impairment of long-lived assets	$	—		$	—		$	—		$	63,712
	Accelerated depreciation on long-lived assets	—			—			—			35,716
	Inventory and spare parts write-downs	—			—			—			6,712
	Severance and benefit continuation costs	37			749			208			3,127
	Other associated costs, net	872			1,079			1,536			5,573

	Total	$	909		$	1,828		$	1,744		$	114,840

	Following is a summary of the liabilities for restructuring expenses through September 30, 2014, related to the closure of Brainerd and the sale of the specialty paper business all of which were included in liabilities of discontinued operations:

		December 31,			Reserve/			Payments/			September 30,
	(all dollar amounts in thousands)	2013			Provisions			Usage			2014

	Severance and benefit continuation	$	434		$	208		$	(640	)	$	2
	Contract termination	2,901			85			(665		)	2,321
	Other	33			1,456			(1,492		)	(3		)

	Total	$	3,368		$	1,749		$	(2,797	)	$	2,320

	In addition, the Company is responsible for a contract that expires in 2019 related to our previously closed Groveton, New Hampshire mill. The liabilities and charges associated with this contract are recorded in continuing operations. At September 30, 2014, $1.5 million and $7.2 million are included in current liabilities and noncurrent liabilities, respectively. At December 31, 2013, $0.8 million and $7.8 million were included in current liabilities and noncurrent liabilities, respectively. During the first nine months of 2014 and 2013, we made payments related to this contract of approximately $0.6 million and $1.0 million, respectively. There were associated charges of $0.2 million and $0.7 million, respectively, within selling and administrative expenses for the three and nine months ended September 30, 2014. For the three and nine months ending September 30, 2013, recognized within selling and administrative expenses were associated charges of $0.2 million and credit of $1.1 million, respectively. We will continue to make payments related to the contract over the remaining contractual term.

Earnings_Per_Share_EPS

Earnings Per Share ("EPS")	9 Months Ended
	Sep. 30, 2014
Earnings Per Share ("EPS")	'
Earnings Per Share ("EPS")	'
	Note 5.Earnings Per Share (“EPS”)

	The following table reconciles basic weighted average outstanding shares to diluted weighted average outstanding shares:

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all amounts in thousands, except per share data)	2014			2013			2014			2013

	Basic weighted average common shares outstanding	50,433			49,431			50,099			49,398
	Dilutive securities:
	Stock compensation plans	—			—			—			—

	Diluted weighted average common shares outstanding	50,433			49,431			50,099			49,398

	Loss from continuing operations, net of tax	$	(9,155	)	$	(2,034	)	$	(17,322	)	$	(20,361	)
	Loss from discontinued operations, net of tax	(321		)	(818		)	(882		)	(66,922		)

	Net loss	$	(9,476	)	$	(2,852	)	$	(18,204	)	$	(87,283	)

	Loss from continuing operations, net of tax, per share — basic and diluted	$	(0.18	)	$	(0.04	)	$	(0.35	)	$	(0.41	)
	Loss from discontinued operations, net of tax, per share — basic and diluted	(0.01		)	(0.02		)	(0.02		)	(1.35		)

	Net loss per share—basic and diluted	$	(0.19	)	$	(0.06	)	$	(0.36	)	$	(1.77	)


	Due to the net loss from continuing operations for the three and nine months ended September 30, 2014, stock-based grants for 1,022,000 shares and 1,151,706 shares, respectively, were considered to be antidilutive. Due to the net loss from continuing operations for the three and nine months ended September 30, 2013, stock-based grants for 1,761,065 shares and 1,801,659 shares, respectively, were considered to be antidilutive.

Receivables

Receivables	9 Months Ended
	Sep. 30, 2014
Receivables	'
Receivables	'
	Note 6.Receivables

	Accounts receivable consisted of the following:

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Trade	$	27,392		$	28,549
	Other	203			708
		27,595			29,257
	Less: allowances for doubtful accounts	(102		)	(151		)

		$	27,493		$	29,106

Inventories

Inventories	9 Months Ended
	Sep. 30, 2014
Inventories	'
Inventories	'
	Note 7.Inventories

	The various components of inventories were as follows:

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Raw materials	$	17,777		$	25,714
	Work in process and finished goods	19,830			17,087
	Supplies	2,110			1,992
	Inventories at cost	39,717			44,793
	Less: LIFO reserve	(8,807		)	(9,075		)

		$	30,910		$	35,718

Property_Plant_and_Equipment

Property, Plant, and Equipment	9 Months Ended
	Sep. 30, 2014
Property, Plant, and Equipment	'
Property, Plant, and Equipment	'
	Note 8.Property, Plant, and Equipment

	Property, plant, and equipment included the following:

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Property, plant, and equipment
	Buildings	$	82,246		$	82,610
	Machinery and equipment	444,397			447,396
		526,643			530,006
	Less: accumulated depreciation	(251,354		)	(239,983		)
	Net depreciated value	275,289			290,023
	Land	1,697			1,734
	Construction in progress	17,054			7,207
		$	294,040		$	298,964

	Depreciation and amortization for the three months ended September 30, 2014 and 2013 was $10.2 million and $9.9 million, respectively. For the nine months ended September 30, 2014 and 2013, depreciation and amortization was $30.7 million and $29.7 million, respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2014
Debt	'
Debt	'
	Note 9.Debt

	A summary of total debt is as follows:

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013

	Secured term loan facility	$	174,563		$	—
	Less unamortized discount	(3,403		)	—
		171,160			—
	Unsecured private placement notes	—			150,000
	Total long-term debt	$	171,160		$	150,000

	On July 30, 2014, the Company prepaid $150 million of outstanding obligations with various maturities under our former note purchase and private-shelf agreement utilizing proceeds received under a $175 million secured term loan facility. Also, on July 30, 2014, we terminated the $80 million revolving credit agreement expiring June 2015, and entered into a $50 million secured revolving credit facility. In addition to the prepayment of the outstanding obligations under the note purchase and private-shelf notes, net proceeds of $171.5 million under the term loan facility were used to pay $14.4 million in accrued interest and make-whole payments to the note holders and $3.4 million of transaction-related fees and expenses. The remainder of the net proceeds was used for general corporate purposes.

	The $50 million secured revolving credit facility matures in July 2019 and the $175 million term loan facility has a final maturity of July 2020. The secured debt agreements contain various restrictive covenants, including fixed charge coverage ratios in the case of the secured revolving credit facility and leverage ratios in the case of the term loan facility, and contain restrictions on dividends and other restricted payments. Both agreements are secured by substantially all of the assets of the Company. At September 30, 2014, we were in compliance with all required covenants.

	The $175 million secured term loan amortizes in equal quarterly installments in an aggregate annual amount equal to 1% of the original principal amount, with the remainder due at maturity. In addition to the annual amortization, the secured term loan is subject to mandatory prepayments subject to excess cash flow requirements. The annual interest rate is based on LIBOR, subject to a 1% floor, plus 5.5%, or at the option of the Company, a base rate as defined in the agreement, plus 4.5%. The interest rate at September 30, 2014 was 6.5%.

	Borrowings under the $50 million secured revolving credit facility bear interest at a rate equal to LIBOR or a base rate plus an applicable margin determined on the first day of the calendar month following each fiscal quarter end. Until December 31, 2014, the applicable margin for LIBOR-based borrowings is 1.75% and, for base rate borrowings is 0.75%. The revolving credit facility is subject to an unused line fee that ranges from 25 to 37.5 basis points. At September 30, 2014, there were no amounts outstanding under the revolving credit agreement.

	We have estimated the fair value of our long-term debt in accordance with FASB authoritative guidance. The FASB defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between participants at the measurement date. Fair value information for long-term debt is within Level 2 of the fair value hierarchy and is based on current market interest rates and estimates of current market conditions for instruments with similar terms and maturities. At September 30, 2014, the estimated fair value of long-term debt is approximately $186 million which compares to the carrying value of $175 million.

	Early in 2014 and during prior years, we had an unrated commercial paper placement agreement with a bank to issue up to $50 million of unsecured debt obligations. The agreement required unused credit availability under our revolving credit agreement equal to the amount of outstanding commercial paper. On February 24, 2014, we terminated this commercial paper placement agreement. There were no outstanding borrowings under this agreement as of the date of termination or at December 31, 2013.

Pension_and_Other_Postretireme

Pension and Other Post-retirement Benefit Plans	9 Months Ended
	Sep. 30, 2014
Pension and Other Post-retirement Benefit Plans	'
Pension and Other Post-retirement Benefit Plans	'
	Note 10. Pension and Other Post-retirement Benefit Plans

	Inclusive of discontinued operations, the components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Comprehensive Loss for the three months ended September 30, 2014 and 2013 are as follows:

								Other
								Post-retirement
		Pension Benefits						Benefits
		2014			2013			2014			2013

	Service cost	$	147		$	380		$	46		$	76
	Interest cost	2,485			2,452			99			488
	Expected return on plan assets	(3,094		)	(3,247		)	—			—
	Amortization of:
	Prior service cost (benefit)	78			80			(372		)	(190		)
	Actuarial loss (gain)	619			1,233			(479		)	67
	Settlements	61			801			—			—

	Net periodic benefit cost (benefit)	$	296		$	1,699		$	(706	)	$	441

	The settlements recognized during the three months ended September 30, 2014 relate to the payment of a supplemental retirement liability to a retired participant. The settlements recognized during the three months ended September 30, 2013, relate to benefits associated with a cash balance pension plan.

	Inclusive of discontinued operations, the components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Comprehensive Loss for the nine months ended September 30, 2014 and 2013 are as follows:

								Other
								Post-retirement
		Pension Benefits						Benefits
		2014			2013			2014			2013

	Service cost	$	445		$	1,138		$	157		$	1,191
	Interest cost	7,688			7,360			784			2,129
	Expected return on plan assets	(9,496		)	(9,710		)	—			—
	Amortization of:
	Prior service cost (benefit)	232			625			(1,115		)	(1,715		)
	Actuarial loss (gain)	1,902			3,666			(570		)	1,251
	Settlement	61			2,121			—			—
	Curtailment	—			5,369			—			(16,004		)
	Special termination benefits	—			4,721			—			—

	Net periodic benefit cost (benefit)	$	832		$	15,290		$	(744	)	$	(13,148	)

	Similar to the three months noted above, the settlements recognized during the nine months ended September 30, 2014 relate to the payment of a supplemental retirement liability to a retired participant and the settlements recognized during the nine months ended September 30, 2013, relate to benefits associated with a cash balance pension plan. In addition, for the nine months ended September 30, 2013, the curtailments and special termination benefits are due to the sale of our specialty paper business and are included in discontinued operations. See Note 4, “Discontinued Operations and Other” for additional information regarding discontinued operations.

	Coincident with the third quarter 2014 securitization of the Company’s debt obligations, a settlement agreement was entered into with the Pension Benefit Guaranty Corporation (the “PBGC”) with respect to the Company’s unfunded defined benefit pension obligations. Under the agreement, the Company has agreed to grant a lien on substantially all of its assets to the PBGC that is junior and subordinate to the lien security interest on assets pledged under the secured term loan and revolving credit agreement. The Company has also agreed to make contributions in excess of minimum funding requirements of up to $36 million to its defined benefit pension plans through 2018. The first contribution under this agreement of $7.5 million was made in August 2014.

	We previously disclosed in our consolidated financial statements for the year ended December 31, 2013 that we anticipate making contributions of approximately $5.5 million directly to our pension and retirement plans as a result of minimum funding requirements and elective contributions in 2014. As of September 30, 2014, we have made contributions of approximately $11.2 million to our pension plans. Included in that amount is the $7.5 million third quarter 2014 contribution to our defined benefit pension plans, as required by the settlement agreement with the Pension Benefit Guaranty Corporation. As of September 30, 2014, we have contributed approximately $2.1 million to our other post-retirement plans. We expect to contribute approximately $2.8 million to our other post-retirement plans in 2014.

ShareBased_Compensation

Share-Based Compensation	9 Months Ended
Share-Based Compensation	Sep. 30, 2014
Stock Compensation Plans	'
Share-Based Compensation	'
	Note 11.Share-Based Compensation

	We account for share-based compensation pursuant to the provisions of FASB ASC Subtopic 718-10.

	Stock Options, Restricted Stock Awards, and Performance Units

	During the three months ended September 30, 2014, we granted 4,794 performance units as part of compensation for a newly appointed director. Including the grant of 4,794 performance units that occurred in the third quarter of 2014, for the nine months ended September 30, 2014, we granted a total of 275,444 awards of performance units to our directors and certain employees of Wausau Paper. Of the awards granted, 36,692 performance units were granted to directors. We also granted 5,000 performance units to our chief executive officer. The grants to certain employees, other than those granted to our chief executive officer, were comprised of two types of awards. The first type of award included 114,078 of performance units with the award subject to achievement of a targeted shareholder return on our common stock over a three-year period. The second type of award was comprised of 119,674 performance units with vesting contingent on (1) achieving certain operating profit levels and (2) completion of a service requirement.

	On June 19, 2014, effective with the departure of two members of our Board of Directors, a change in control event as defined within provisions of our equity compensation plans and related grants occurred. As a result, subject to such provisions, conditions to vesting for awards outstanding on June 19, 2014, were deemed to have been satisfied, with the exception of the portion of any awards subject to the attainment of a certain level of operating profit for 2014. Consequently, $1.4 million of share-based compensation expense was recognized for the remaining unamortized portion of the outstanding awards. Prior to the change in control event, we recognized compensation expense on grants of non-qualified stock options, restricted stock awards, and performance unit awards on a straight-line basis over the requisite service period of each award. Forfeiture rates were estimated based upon our historical experience for each grant type.

	Including the share-based compensation expense recognized for the change in control event, total share-based compensation expense was less than $0.1 million and $2.4 million for the three and nine month periods ended September 30, 2014, respectively. For the three and nine month periods ended September 30, 2013, share-based compensation expense was $0.2 million and $1.6 million, respectively.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2014
Accumulated Other Comprehensive Loss	'
Accumulated Other Comprehensive Loss	'
	Note 12.Accumulated Other Comprehensive Loss

	For all periods presented in the Condensed Consolidated Financial Statements, accumulated other comprehensive loss is comprised solely of cumulative net actuarial losses and prior service cost not yet recognized as a component of net periodic benefit costs for retirement and other post-retirement plans. For the three and nine months ended September 30, 2014 and 2013, the changes in accumulated other comprehensive loss, net of tax, were as follows:

	(all dollar amounts in thousands)

	Balance at December 31, 2013	$	(27,220	)
	Amounts reclassified from other comprehensive loss	189
	Balance at March 31, 2014	$	(27,031	)
	Amounts reclassified from other comprehensive loss	188
	Balance at June 30, 2014	$	(26,843	)
	Amounts reclassified from other comprehensive loss	(96		)
	Balance at September 30, 2014	$	(26,939	)

	Balance at December 31, 2012	$	(91,096	)
	Amounts reclassified from other comprehensive loss	1,000
	Balance at March 31, 2013	$	(90,096	)
	Amounts reclassified from other comprehensive loss	21,938
	Balance at June 30, 2013	$	(68,158	)
	Amounts reclassified from other comprehensive loss	315
	Balance at September 30, 2013	$	(67,843	)

	Following are details of the amounts reclassified out of accumulated other comprehensive loss during the three months ended September 30, 2014 and 2013:

	(all dollar amounts in thousands)	September			September 30,			Affected Line
		30, 2014			2013			Item in the
								Condensed
								Consolidated
								Statements of
								Comprehensive
								Loss

	Pension and other post-retirement benefit obligation changes:
	Amortization of prior service cost, net	$	(294	)	$	87		(a)
	Amortization of actuarial gains, net	140			1,308			(a)
	Reclassification before tax	(154		)	1,395
	Tax provision (credit)	(58		)	1,080
	Reclassifications for the period, net of tax	$	(96	)	$	315

	Following are details of the amounts reclassified out of accumulated other comprehensive loss during the nine months ended September 30, 2014 and 2013:

	(all dollar amounts in thousands)	September			September 30,			Affected Line Item
		30, 2014			2013			in the Condensed
								Consolidated
								Statements of
								Comprehensive
								Loss

	Pension and other post-retirement benefit obligation changes:
	Amortization of prior service cost, net	$	(883	)	$	(893	)	(a)
	Amortization of actuarial gains, net	1,332			12,603			(a)
	Curtailments	—			26,682
	Reclassification before tax	449			38,392
	Tax provision	168			15,139
	Reclassifications for the period, net of tax	$	281		$	23,253


	(a) These accumulated other comprehensive income components are included in the computation of net periodic benefit costs. See Note 10, “Pension and Other Post-retirement Benefit Plans” regarding the pension and other post-retirement net periodic benefit costs.

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2014
Income Taxes	'
Income Taxes	'
	Note 13.Income Taxes

	Our normalized tax rate for 2014 is expected to be approximately 37%. During the three and nine months ended September 30, 2014 there were no significant changes to our income tax valuation allowances. During the three and nine months ended September 30, 2013, our effective tax rate was impacted by an adjustment made to our provision for income taxes, net of federal tax benefit, of approximately $0.6 million and $13.0 million, respectively, with approximately $12.6 million of the amount recognized related to certain state income tax carryforwards that will likely not be utilized to offset taxable income in the future as we no longer have manufacturing operations in these states.

	Under the provisions of FASB ASC Subtopic 740-10 “Income Taxes”, the benefits of tax losses and credits are recognized as deferred tax assets, subject to appropriate valuation allowances. At September 30, 2014, we had federal and state net operating loss carryovers of $109.0 million and $217.0 million, respectively. At September 30, 2014, we also had federal and state tax credit carryovers of $12.8 million and $10.8 million, respectively. These loss and credit carryovers may be used to reduce future federal and state income tax liabilities. If not utilized, the carryover amounts will expire from 2014 through 2038.

Discontinued_Operations_and_Ot1

Discontinued Operations and Other (Tables)	9 Months Ended
	Sep. 30, 2014
Discontinued Operations and Other	'
Summary of certain Condensed Consolidated Statements of Comprehensive Loss information for discontinued operations	'

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all amounts in thousands, except per share data)	2014			2013			2014			2013

	Net sales	$	49		$	1,644		$	428		$	209,756

	Earnings (loss) from discontinued operations before income taxes	(673		)	(1,527		)	(1,871		)	(107,971		)
	Provision (credit) for income taxes	(352		)	(709		)	(989		)	(41,049		)
	Loss from discontinued operations, net of taxes	$	(321	)	$	(818	)	$	(882	)	$	(66,922	)

	Net loss per share — basic and diluted	$	(0.01	)	$	(0.02	)	$	(0.02	)	$	(1.35	)


Schedule of components of costs included in loss from discontinued operations in the Condensed Consolidated Statements of Comprehensive Loss	'

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all dollar amounts in thousands)	2014			2013			2014			2013

	Impairment of long-lived assets	$	—		$	—		$	—		$	63,712
	Accelerated depreciation on long-lived assets	—			—			—			35,716
	Inventory and spare parts write-downs	—			—			—			6,712
	Severance and benefit continuation costs	37			749			208			3,127
	Other associated costs, net	872			1,079			1,536			5,573

	Total	$	909		$	1,828		$	1,744		$	114,840


Summary of the liabilities for discontinued operations	'

		December 31,			Reserve/			Payments/			September 30,
	(all dollar amounts in thousands)	2013			Provisions			Usage			2014

	Severance and benefit continuation	$	434		$	208		$	(640	)	$	2
	Contract termination	2,901			85			(665		)	2,321
	Other	33			1,456			(1,492		)	(3		)

	Total	$	3,368		$	1,749		$	(2,797	)	$	2,320

Earnings_Per_Share_EPS_Tables

Earnings Per Share ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share ("EPS")	'
Schedule of reconciliation of basic and diluted weighted average outstanding shares	'

		Three Months Ended						Nine Months Ended
		September 30,						September 30,
	(all amounts in thousands, except per share data)	2014			2013			2014			2013

	Basic weighted average common shares outstanding	50,433			49,431			50,099			49,398
	Dilutive securities:
	Stock compensation plans	—			—			—			—

	Diluted weighted average common shares outstanding	50,433			49,431			50,099			49,398

	Loss from continuing operations, net of tax	$	(9,155	)	$	(2,034	)	$	(17,322	)	$	(20,361	)
	Loss from discontinued operations, net of tax	(321		)	(818		)	(882		)	(66,922		)

	Net loss	$	(9,476	)	$	(2,852	)	$	(18,204	)	$	(87,283	)

	Loss from continuing operations, net of tax, per share — basic and diluted	$	(0.18	)	$	(0.04	)	$	(0.35	)	$	(0.41	)
	Loss from discontinued operations, net of tax, per share — basic and diluted	(0.01		)	(0.02		)	(0.02		)	(1.35		)

	Net loss per share—basic and diluted	$	(0.19	)	$	(0.06	)	$	(0.36	)	$	(1.77	)

Receivables_Tables

Receivables (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables	'
Schedule of receivables	'

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Trade	$	27,392		$	28,549
	Other	203			708
		27,595			29,257
	Less: allowances for doubtful accounts	(102		)	(151		)

		$	27,493		$	29,106

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 30, 2014
Inventories	'
Schedule of inventories	'

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Raw materials	$	17,777		$	25,714
	Work in process and finished goods	19,830			17,087
	Supplies	2,110			1,992
	Inventories at cost	39,717			44,793
	Less: LIFO reserve	(8,807		)	(9,075		)

		$	30,910		$	35,718

Property_Plant_and_Equipment_T

Property, Plant, and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant, and Equipment	'
Schedule of property, plant, and equipment	'

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013
	Property, plant, and equipment
	Buildings	$	82,246		$	82,610
	Machinery and equipment	444,397			447,396
		526,643			530,006
	Less: accumulated depreciation	(251,354		)	(239,983		)
	Net depreciated value	275,289			290,023
	Land	1,697			1,734
	Construction in progress	17,054			7,207
		$	294,040		$	298,964

Debt_Tables

Debt (Tables)	9 Months Ended
	Sep. 30, 2014
Debt	'
Summary of total debt	'

		September 30,			December 31,
	(all dollar amounts in thousands)	2014			2013

	Secured term loan facility	$	174,563		$	—
	Less unamortized discount	(3,403		)	—
		171,160			—
	Unsecured private placement notes	—			150,000
	Total long-term debt	$	171,160		$	150,000

Pension_and_Other_Postretireme1

Pension and Other Post-retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2014
Pension and Other Post-retirement Benefit Plans	'
Schedule of component of net periodic benefit costs recognized in the Condensed Consolidated Statements Comprehensive Loss Inclusive of discontinued operations	'
	Inclusive of discontinued operations, the components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Comprehensive Loss for the three months ended September 30, 2014 and 2013 are as follows:

								Other
								Post-retirement
		Pension Benefits						Benefits
		2014			2013			2014			2013

	Service cost	$	147		$	380		$	46		$	76
	Interest cost	2,485			2,452			99			488
	Expected return on plan assets	(3,094		)	(3,247		)	—			—
	Amortization of:
	Prior service cost (benefit)	78			80			(372		)	(190		)
	Actuarial loss (gain)	619			1,233			(479		)	67
	Settlements	61			801			—			—

	Net periodic benefit cost (benefit)	$	296		$	1,699		$	(706	)	$	441


	Inclusive of discontinued operations, the components of net periodic benefit cost recognized in the Condensed Consolidated Statements of Comprehensive Loss for the nine months ended September 30, 2014 and 2013 are as follows:

								Other
								Post-retirement
		Pension Benefits						Benefits
		2014			2013			2014			2013

	Service cost	$	445		$	1,138		$	157		$	1,191
	Interest cost	7,688			7,360			784			2,129
	Expected return on plan assets	(9,496		)	(9,710		)	—			—
	Amortization of:
	Prior service cost (benefit)	232			625			(1,115		)	(1,715		)
	Actuarial loss (gain)	1,902			3,666			(570		)	1,251
	Settlement	61			2,121			—			—
	Curtailment	—			5,369			—			(16,004		)
	Special termination benefits	—			4,721			—			—

	Net periodic benefit cost (benefit)	$	832		$	15,290		$	(744	)	$	(13,148	)

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2014
Accumulated Other Comprehensive Loss	'
Schedule of changes in accumulated other comprehensive loss, net of tax	'

	(all dollar amounts in thousands)

	Balance at December 31, 2013	$	(27,220	)
	Amounts reclassified from other comprehensive loss	189
	Balance at March 31, 2014	$	(27,031	)
	Amounts reclassified from other comprehensive loss	188
	Balance at June 30, 2014	$	(26,843	)
	Amounts reclassified from other comprehensive loss	(96		)
	Balance at September 30, 2014	$	(26,939	)

	Balance at December 31, 2012	$	(91,096	)
	Amounts reclassified from other comprehensive loss	1,000
	Balance at March 31, 2013	$	(90,096	)
	Amounts reclassified from other comprehensive loss	21,938
	Balance at June 30, 2013	$	(68,158	)
	Amounts reclassified from other comprehensive loss	315
	Balance at September 30, 2013	$	(67,843	)


Schedule of amounts reclassified out of accumulated other comprehensive loss	'
	Following are details of the amounts reclassified out of accumulated other comprehensive loss during the three months ended September 30, 2014 and 2013:

	(all dollar amounts in thousands)	September			September 30,			Affected Line
		30, 2014			2013			Item in the
								Condensed
								Consolidated
								Statements of
								Comprehensive
								Loss

	Pension and other post-retirement benefit obligation changes:
	Amortization of prior service cost, net	$	(294	)	$	87		(a)
	Amortization of actuarial gains, net	140			1,308			(a)
	Reclassification before tax	(154		)	1,395
	Tax provision (credit)	(58		)	1,080
	Reclassifications for the period, net of tax	$	(96	)	$	315

	Following are details of the amounts reclassified out of accumulated other comprehensive loss during the nine months ended September 30, 2014 and 2013:

	(all dollar amounts in thousands)	September			September 30,			Affected Line Item
		30, 2014			2013			in the Condensed
								Consolidated
								Statements of
								Comprehensive
								Loss

	Pension and other post-retirement benefit obligation changes:
	Amortization of prior service cost, net	$	(883	)	$	(893	)	(a)
	Amortization of actuarial gains, net	1,332			12,603			(a)
	Curtailments	—			26,682
	Reclassification before tax	449			38,392
	Tax provision	168			15,139
	Reclassifications for the period, net of tax	$	281		$	23,253


	(a) These accumulated other comprehensive income components are included in the computation of net periodic benefit costs. See Note 10, “Pension and Other Post-retirement Benefit Plans” regarding the pension and other post-retirement net periodic benefit costs.

Discontinued_Operations_and_Ot2

Discontinued Operations and Other (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Aug. 31, 2014

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2013

Operations Discontinued [Member]

Sale of Specialty Paper Business [Member]

Closure of Brainerd Paper Mill [Member]

Impairment of Long Lived Assets [Member]

Accelerated Depreciation on Long Lived Assets [Member]

Inventory and Spare Parts Write Downs [Member]

Employee Severance [Member]

Other Restructuring [Member]

Contract Termination [Member]

Other Charges [Member]

Accelerated Depreciation on Long Lived Assets [Member]

Inventory and Spare Parts Write Downs [Member]

Other Restructuring [Member]

Restructuring and Discontinued Operations

Discontinued operations assets

$48,000

$8,587,000

$100,000

$6,700,000

$1,900,000

Accrued and other liabilities that are classified as discontinued operations

1,918,000

1,894,000

900,000

Other noncurrent liabilities that are classified as discontinued operations

866,000

989,000

8,600,000

1,000,000

Certain condensed consolidated statements of operations information for discontinued operations

Net sales

49,000

1,644,000

428,000

209,756,000

Earnings (Loss) from discontinued operations before income taxes

-673,000

-1,527,000

-1,871,000

-107,971,000

Provision (credit) for income taxes

-352,000

-709,000

-989,000

-41,049,000

(Loss) earnings from discontinued operations, net of taxes

-321,000

-818,000

-882,000

-66,922,000

Net (loss) earnings per share - basic and diluted (in dollars per share)

($0.01)

($0.02)

($1.35)

Restructuring activities related to discontinued operations

Net pre-tax charges or credits recognized related to restructuring activities

909,000

1,828,000

1,744,000

114,840,000

63,712,000

35,716,000

6,712,000

37,000

749,000

208,000

3,127,000

872,000

1,079,000

1,536,000

5,573,000

600,000

1,400,000

1,300,000

5,700,000

35,700,000

6,700,000

3,000,000

Liabilities for restructuring expenses

Balance at the beginning of the period

3,368,000

434,000

2,901,000

33,000

Reserve/ Provisions

1,749,000

208,000

85,000

1,456,000

Payments/ Usage

-2,797,000

-640,000

-665,000

-1,492,000

Balance at the end of the period

2,320,000

2,000

2,321,000

-3,000

Assets of discontinued operations

7,000,000

Proceeds from sale and disposal of long-lived assets

4,400,000

2,600,000

Assets write down held for sale

200,000

Pre-tax gain on sale and disposal of discontinued operations

300,000

500,000

400,000

Gain (loss) recognized on sale of asset

227,000

500,000

Impairment charges

63,700,000

Amount of credit generated related to pension and other postretirement plan settlements, curtailments, and special termination benefits

5,900,000

Amount of provision recognized

Assets and liabilities of the discontinued operations

Assets of discontinued operations

$7,000,000

Discontinued_Operations_and_Ot3

Discontinued Operations and Other (Details 2) (Facility Closing [Member], USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Facility Closing [Member]	'	'	'	'	'
Other	'	'	'	'	'
Payments for natural gas contract	'	'	$600,000	$1,000,000	'
Current liabilities	1,500,000	'	1,500,000	'	800,000
Noncurrent liabilities	7,200,000	'	7,200,000	'	7,800,000
Restructuring charges within selling and administrative expenses	$200,000	$200,000	$700,000	$1,100,000	'

Earnings_Per_Share_EPS_Details

Earnings Per Share ("EPS") (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Basic and diluted net (loss) earnings per share	'	'	'	'
Basic weighted average common shares outstanding (in shares)	50,433,000	49,431,000	50,099,000	49,398,000
Diluted weighted average common shares outstanding (in shares)	50,433,000	49,431,000	50,099,000	49,398,000
Loss from continuing operations, net of tax	($9,155)	($2,034)	($17,322)	($20,361)
Loss from discontinued operations, net of tax	-321	-818	-882	-66,922
Net (loss) earnings	($9,476)	($2,852)	($18,204)	($87,283)
Net (loss) earnings from continuing operations, per share - basic and diluted	($0.18)	($0.04)	($0.35)	($0.41)
Loss from discontinued operations, net of tax, per share - basic and diluted (in dollars per share)	($0.01)	($0.02)	($0.02)	($1.35)
Net (loss) earnings (in dollars per share)	($0.19)	($0.06)	($0.36)	($1.77)
Employee and Directors Stock Options [Member]	'	'	'	'
Anti-dilutive securities	'	'	'	'
Anti-dilutive securities excluded from the computation of diluted earnings per share	1,022,000	1,761,065	1,151,706	1,801,659

Receivables_Details

Receivables (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Receivables	'	'
Accounts receivable, gross	$27,595	$29,257
Less: allowances for doubtful accounts	-102	-151
Receivables, net	27,493	29,106
Trade Accounts Receivable [Member]	'	'
Receivables	'	'
Accounts receivable, gross	27,392	28,549
Other Receivables [Member]	'	'
Receivables	'	'
Accounts receivable, gross	$203	$708

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventories	'	'
Raw materials	$17,777	$25,714
Work in process and finished goods	19,830	17,087
Supplies	2,110	1,992
Inventories at cost	39,717	44,793
Less : LIFO reserve	-8,807	-9,075
Inventories, net	$30,910	$35,718

Property_Plant_and_Equipment_D

Property, Plant, and Equipment (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	$294,040	'	$294,040	'	$298,964
Depreciation and amortization	10,200	9,900	30,788	71,990	'
Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	294,040	'	294,040	'	'
Building and Machinery and Equipment [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	'	'	'	'	530,006
Less: accumulated depreciation	'	'	'	'	-239,983
Net depreciated value	'	'	'	'	290,023
Building and Machinery and Equipment [Member] \| Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	526,643	'	526,643	'	'
Less: accumulated depreciation	-251,354	'	-251,354	'	'
Net depreciated value	275,289	'	275,289	'	'
Building [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	'	'	'	'	82,610
Building [Member] \| Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	82,246	'	82,246	'	'
Machinery and Equipment [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	'	'	'	'	447,396
Machinery and Equipment [Member] \| Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Property, plant, and equipment, gross	444,397	'	444,397	'	'
Land [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	'	'	'	'	1,734
Land [Member] \| Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	1,697	'	1,697	'	'
Construction in Progress [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	'	'	'	'	7,207
Construction in Progress [Member] \| Continuing Operations [Member]	'	'	'	'	'
Property, Plant, and Equipment	'	'	'	'	'
Net depreciated value	$17,054	'	$17,054	'	'

Debt_Details

Debt (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Jul. 30, 2014

Sep. 30, 2014

Jul. 30, 2014

Sep. 30, 2014

Jul. 30, 2014

Sep. 30, 2014

Jul. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Unsecured Private Placement Notes [Member]

Unsecured Senior Notes 5.69 Percent [Member]

Secured Debt [Member]

Secured Revolving Credit Facility [Member]

Revolving Credit Facility [Member]

Commercial Paper [Member]

London Interbank Offered Rate (LIBOR) [Member]

Base Rate [Member]

Minimum [Member]

Maximum [Member]

London Interbank Offered Rate (LIBOR) [Member]

Base Rate [Member]

Debt

Secured term loan facility

$171,160,000

$174,563,000

Less unamortized discount

-3,403,000

Unsecured private placement notes

150,000,000

Total long-term debt

171,160,000

150,000,000

Repayments of Unsecured Debt

150,000,000

Interest rate (as a percent)

6.50%

Debt Instrument, Face Amount

175,000,000

Maximum borrowing capacity

50,000,000

80,000,000

50,000,000

Proceeds from debt

171,500,000

Accrued interest and make whole payments

14,400,000

Transaction-related fees and expenses

3,400,000

Percentage of original principal amount

1.00%

Floor (as a percent)

1.00%

Spread on variable rate (as a percent)

5.50%

4.50%

1.75%

0.75%

Unused line fee (as a percent)

25.00%

37.50%

Outstanding borrowings

150,000,000

Estimated fair value of long-term debt

186,000,000

Loss on early extinguishment of debt

-14,350,000

Prepayment penalties or significant costs associated with the retirement of obligations

$13,833,000

Pension_and_Other_Postretireme2

Pension and Other Post-retirement Benefit Plans (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
	Pension Plan, Defined Benefit [Member]	Pension Plan, Defined Benefit [Member]	Pension Plan, Defined Benefit [Member]	Pension Plan, Defined Benefit [Member]	Pension Plan, Defined Benefit [Member]	Pension Plan, Defined Benefit [Member]	Other Postretirement Benefit Plan, Defined Benefit [Member]	Other Postretirement Benefit Plan, Defined Benefit [Member]	Other Postretirement Benefit Plan, Defined Benefit [Member]	Other Postretirement Benefit Plan, Defined Benefit [Member]	Other Postretirement Benefit Plan, Defined Benefit [Member]
						Scenario, Previously Reported [Member]					Scenario, Forecast [Member]
Components of net periodic benefit cost:	'	'	'	'	'	'	'	'	'	'	'
Service cost	'	$147,000	$380,000	$445,000	$1,138,000	'	$46,000	$76,000	$157,000	$1,191,000	'
Interest cost	'	2,485,000	2,452,000	7,688,000	7,360,000	'	99,000	488,000	784,000	2,129,000	'
Expected return on plan assets	'	-3,094,000	-3,247,000	-9,496,000	-9,710,000	'	'	'	'	'	'
Amortization of:	'	'	'	'	'	'	'	'	'	'	'
Prior service cost (benefit)	'	78,000	80,000	232,000	625,000	'	-372,000	-190,000	-1,115,000	-1,715,000	'
Actuarial loss	'	619,000	1,233,000	1,902,000	3,666,000	'	-479,000	67,000	-570,000	1,251,000	'
Settlements	'	61,000	801,000	61,000	2,121,000	'	'	'	'	'	'
Curtailment losses (gains)	'	'	'	'	5,369,000	'	'	'	'	-16,004,000	'
Special termination benefits	'	'	'	'	4,721,000	'	'	'	'	'	'
Net periodic benefit cost (benefit)	'	296,000	1,699,000	832,000	15,290,000	'	-706,000	441,000	-744,000	-13,148,000	'
Anticipated contributions	'	'	'	36,000,000	'	5,500,000	'	'	'	'	'
Contributions made	7,500,000	7,500,000	'	11,200,000	'	'	'	'	2,100,000	'	2,800,000
Recognized in other comprehensive loss (before tax effect):	'	'	'	'	'	'	'	'	'	'	'
Curtailments	'	'	'	'	$5,369,000	'	'	'	'	($16,004,000)	'

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (USD $)

0 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

0 Months Ended

9 Months Ended

3 Months Ended

In Millions, except Share data, unless otherwise specified

Jun. 19, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Jun. 19, 2014

Sep. 30, 2014

Maximum [Member]

Director [Member]

Performance Shares [Member]

item

Director And Certain Employees [Member]

Director [Member]

Certain Employees [Member]

Chief Executive Officer [Member]

item

First Type of Award [Member]

Second Type of Award [Member]

Share-Based Compensation

Number of awards granted (in shares)

275,444

36,692

114,078

119,674

4,794

Number of types of awards

Vesting period

'3 years

Number Of Directors

Recognized compensation expense

$1.40

$0.20

$2.40

$1.60

$0.10

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended						9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2014	Sep. 30, 2013
Changes in accumulated other comprehensive loss, net of tax	'	'	'	'	'	'	'	'
Balance at the beginning of the period	($26,843)	($27,031)	($27,220)	($68,158)	($90,096)	($91,096)	($27,220)	($91,096)
Amounts reclassified from other comprehensive loss	-96	188	189	315	21,938	1,000	'	'
Balance at the end of the period	-26,939	-26,843	-27,031	-67,843	-68,158	-90,096	-26,939	-67,843
Accumulated other comprehensive loss, net of tax	'	'	'	'	'	'	'	'
(Loss) earnings from continuing operations before income taxes	-14,889	'	'	-2,166	'	'	-27,621	-11,658
Tax provision (credit)	-5,734	'	'	-132	'	'	-10,299	8,703
Net (loss) earnings	-9,476	'	'	-2,852	'	'	-18,204	-87,283
Accumulated Defined Benefit Plans Adjustment [Member] \| Reclassification out of Accumulated Other Comprehensive Income [Member]	'	'	'	'	'	'	'	'
Accumulated other comprehensive loss, net of tax	'	'	'	'	'	'	'	'
Amortization of prior service (cost) credit, net	-294	'	'	87	'	'	-883	-893
Amortization of actuarial gains (losses), net	140	'	'	1,308	'	'	1,332	12,603
Curtailments	'	'	'	'	'	'	'	26,682
(Loss) earnings from continuing operations before income taxes	-154	'	'	1,395	'	'	449	38,392
Tax provision (credit)	-58	'	'	1,080	'	'	168	15,139
Net (loss) earnings	($96)	'	'	$315	'	'	$281	$23,253

Income_Taxes_Details

Income Taxes (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Income Taxes	'	'
Federal statutory tax rate (as a percent)	37.00%	'
Federal tax benefit	'	$0.60
State income tax carryforwards	'	12.6
Change in valuation allowance	0	'
Operating loss carryovers	'	'
Tax credit carryovers	'	12.6
Federal	'	'
Income Taxes	'	'
State income tax carryforwards	12.8	'
Operating loss carryovers	'	'
Net operating loss carryovers	109	'
Tax credit carryovers	12.8	'
State	'	'
Income Taxes	'	'
State income tax carryforwards	10.8	'
Operating loss carryovers	'	'
Net operating loss carryovers	217	'
Tax credit carryovers	$10.80	'