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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2018

SEGMENT INFORMATION

Financial information regarding the Company's reportable segments

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Total Sales:
Beauty + Home	$	374,161		$	327,475		$	757,624		$	654,408
Pharma		241,282			201,703			471,414			398,617
Food + Beverage		101,420			94,958			197,065			177,307
Total Sales		716,863			624,136			1,426,103			1,230,332
Less: Intersegment Sales:
Beauty + Home	$	5,625		$	5,358		$	10,915		$	9,843
Pharma		73			1			78			3
Food + Beverage		557			1,031			1,152			1,424
Total Intersegment Sales	$	6,255		$	6,390		$	12,145		$	11,270
Net Sales:
Beauty + Home	$	368,536		$	322,117		$	746,709		$	644,565
Pharma		241,209			201,702			471,336			398,614
Food + Beverage		100,863			93,927			195,913			175,883
Net Sales	$	710,608		$	617,746		$	1,413,958		$	1,219,062
Adjusted EBITDA (1):
Beauty + Home	$	45,846		$	44,550		$	98,981		$	86,638
Pharma		86,353			69,649			166,193			138,490
Food + Beverage		18,063			18,694			30,802			31,640
Corporate & Other, unallocated		(9,043)			(9,014)			(20,622)			(18,146)
Acquisition related costs (2)		(2,563)			—			(2,563)			—
Restructuring Initiatives (3)		(18,214)			—			(24,150)			—
Depreciation and amortization		(40,101)			(37,242)			(81,276)			(74,573)
Interest Expense		(7,964)			(7,712)			(16,019)			(15,974)
Interest Income		2,521			643			4,769			973
Income before Income Taxes	$	74,898		$	79,568		$	156,115		$	149,048

(1) The Company evaluates performance of our business units and allocates resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, unallocated corporate expenses, restructuring and transaction costs.

(2) Acquisition-related costs include transaction costs and purchase accounting adjustments related to inventory for acquisitions (see Note 17 – Acquisitions for further details).

(3) Restructuring Initiatives includes expense items for the three and six months ended June 30, 2018 as follows (see Note 18 – Restructuring Initiatives for further details):

Restructuring Initiatives

		Three Months Ended June 30,						Six Months Ended June 30,
		2018			2017			2018			2017
Business Transformation
Employee Severance and Other Costs		$	18,214		$	—		$	24,150		$	—
Total Restructuring Initiatives		$	18,214		$	—		$	24,150		$	—
Restructuring Initiatives by Segment
Beauty + Home		$	14,631		$	—		$	19,647		$	—
Pharma			1,224			—			1,588			—
Food + Beverage			1,354			—			1,669			—
Corporate & Other			1,005			—			1,246			—
Total Restructuring Initiatives		$	18,214		$	—		$	24,150		$	—

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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