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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Financial information regarding the Company's reportable segments | Financial information regarding our reporting segments is shown below:
​ | Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
​ | 2020 |  | 2019 |  | 2020 |  | 2019
Total Sales: | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 342,710 |  |  | $ | 333,870 |  |  | $ | 979,645 |  |  | $ | 1,056,626 |
Pharma | 317,610 |  |  | 271,608 |  |  | 921,085 |  |  | 830,679 |
Food + Beverage | 106,667 |  |  | 104,458 |  |  | 305,991 |  |  | 328,280 |
Total Sales | 766,987 |  |  | 709,936 |  |  | $ | 2,206,721 |  |  | $ | 2,215,585 |
Less: Intersegment Sales: | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 5,479 |  |  | $ | 5,688 |  |  | $ | 18,068 |  |  | $ | 18,705 |
Pharma | 1,852 |  |  | 2,357 |  |  | 6,872 |  |  | 6,788 |
Food + Beverage | 503 |  |  | 613 |  |  | 1,770 |  |  | 1,693 |
Total Intersegment Sales | $ | 7,834 |  |  | $ | 8,658 |  |  | $ | 26,710 |  |  | $ | 27,186 |
Net Sales: | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 337,231 |  |  | $ | 328,182 |  |  | $ | 961,577 |  |  | $ | 1,037,921 |
Pharma | 315,758 |  |  | 269,251 |  |  | 914,213 |  |  | 823,891 |
Food + Beverage | 106,164 |  |  | 103,845 |  |  | 304,221 |  |  | 326,587 |
Net Sales | $ | 759,153 |  |  | $ | 701,278 |  |  | $ | 2,180,011 |  |  | $ | 2,188,399 |
Adjusted EBITDA (1): | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 34,733 |  |  | $ | 41,475 |  |  | $ | 92,954 |  |  | $ | 143,411 |
Pharma | 112,436 |  |  | 95,899 |  |  | 324,877 |  |  | 294,684 |
Food + Beverage | 20,351 |  |  | 18,728 |  |  | 53,543 |  |  | 56,363 |
Corporate & Other, unallocated | (10,964) |  |  | (9,943) |  |  | (34,071) |  |  | (33,328) |
Acquisition-related costs (2) | (221) |  |  | (708) |  |  | (6,087) |  |  | (1,767) |
Restructuring Initiatives (3) | (3,415) |  |  | (6,019) |  |  | (15,585) |  |  | (17,286) |
Depreciation and amortization | (55,179) |  |  | (49,218) |  |  | (162,414) |  |  | (144,574) |
Interest Expense | (8,851) |  |  | (8,898) |  |  | (25,973) |  |  | (26,868) |
Interest Income | 249 |  |  | 957 |  |  | 599 |  |  | 3,738 |
Income before Income Taxes | $ | 89,139 |  |  | $ | 82,273 |  |  | $ | 227,843 |  |  | $ | 274,373 |
________________________________________________ (1)We evaluate performance of our reporting segments and allocate resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, unallocated corporate expenses, restructuring initiatives and acquisition-related costs. (2)Acquisition-related costs include transaction costs and purchase accounting adjustments related to acquisitions and investments (see Note 17 – Acquisitions and Note 18 – Investment in Equity Securities for further details). (3)Restructuring Initiatives includes expense items for the three and nine months ended September 30, 2020 and 2019 as follows (see Note 19 – Restructuring Initiatives for further details): ​
​ | Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
​ | 2020 |  | 2019 |  | 2020 |  | 2019
Restructuring Initiatives by Segment | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 3,144 |  |  | $ | 5,341 |  |  | $ | 15,375 |  |  | $ | 14,869 |
Pharma | 300 |  |  | 168 |  |  | 158 |  |  | 381 |
Food + Beverage | (31) |  |  | 204 |  |  | 147 |  |  | 826 |
Corporate & Other | 2 |  |  | 306 |  |  | (95) |  |  | 1,210 |
Total Restructuring Initiatives | $ | 3,415 |  |  | $ | 6,019 |  |  | $ | 15,585 |  |  | $ | 17,286 |
Restructuring Initiatives | Restructuring Initiatives includes expense items for the three and nine months ended September 30, 2020 and 2019 as follows (see Note 19 – Restructuring Initiatives for further details): ​
​ | Three Months Ended September 30, 2020 |  | Nine Months Ended September 30, 2020
​ | 2020 |  | 2019 |  | 2020 |  | 2019
Restructuring Initiatives by Segment | ​ |  | ​ |  | ​ |  | ​
Beauty + Home | $ | 3,144 |  |  | $ | 5,341 |  |  | $ | 15,375 |  |  | $ | 14,869 |
Pharma | 300 |  |  | 168 |  |  | 158 |  |  | 381 |
Food + Beverage | (31) |  |  | 204 |  |  | 147 |  |  | 826 |
Corporate & Other | 2 |  |  | 306 |  |  | (95) |  |  | 1,210 |
Total Restructuring Initiatives | $ | 3,415 |  |  | $ | 6,019 |  |  | $ | 15,585 |  |  | $ | 17,286 |

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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