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Business Segment Information | 9 Months Ended
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Sep. 30, 2011
Business Segment Information | Note 13. Business Segment Information Reportable business segment information for the three and nine months ended September 30 is as follows:
|  | Metal |  |  |  |  |  | Plastic |  |  |  |  |  |  |
|  | Containers(1) |  |  | Closures |  |  | Containers |  |  | Corporate |  |  | Total |
|  | (Dollars in thousands) |
Three Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 798,663 |  |  | $ | 189,554 |  |  | $ | 159,791 |  |  | $ | - |  |  | $ | 1,148,008 |
Depreciation and amortization(2) |  |  | 20,498 |  |  |  | 8,353 |  |  |  | 11,269 |  |  |  | 417 |  |  |  | 40,537 |
Rationalization charges |  |  | - |  |  |  | 339 |  |  |  | 343 |  |  |  | - |  |  |  | 682 |
Segment income from operations |  |  | 111,745 |  |  |  | 24,369 |  |  |  | 3,802 |  |  |  | (3,865 | ) |  |  | 136,051 |
Three Months Ended September 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 688,901 |  |  | $ | 162,769 |  |  | $ | 150,386 |  |  | $ | - |  |  | $ | 1,002,056 |
Depreciation and amortization(2) |  |  | 16,697 |  |  |  | 7,055 |  |  |  | 11,408 |  |  |  | 420 |  |  |  | 35,580 |
Rationalization charges |  |  | 381 |  |  |  | - |  |  |  | 590 |  |  |  | - |  |  |  | 971 |
Segment income from operations(3) |  |  | 95,274 |  |  |  | 22,028 |  |  |  | 8,206 |  |  |  | (4,554 | ) |  |  | 120,954 |
Nine Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,671,404 |  |  | $ | 534,133 |  |  | $ | 467,781 |  |  | $ | - |  |  | $ | 2,673,318 |
Depreciation and amortization(2) |  |  | 58,481 |  |  |  | 25,074 |  |  |  | 33,576 |  |  |  | 1,264 |  |  |  | 118,395 |
Rationalization charges |  |  | 1,378 |  |  |  | 1,731 |  |  |  | 1,673 |  |  |  | - |  |  |  | 4,782 |
Segment income from operations(4) (5) |  |  | 192,984 |  |  |  | 62,866 |  |  |  | 14,629 |  |  |  | 13,677 |  |  |  | 284,156 |
Nine Months Ended September 30, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,442,015 |  |  | $ | 472,588 |  |  | $ | 445,337 |  |  | $ | - |  |  | $ | 2,359,940 |
Depreciation and amortization(2) |  |  | 50,299 |  |  |  | 21,114 |  |  |  | 34,146 |  |  |  | 1,259 |  |  |  | 106,818 |
Rationalization charges |  |  | 694 |  |  |  | - |  |  |  | 3,039 |  |  |  | - |  |  |  | 3,733 |
Segment income from operations(3) (6) |  |  | 185,698 |  |  |  | 57,078 |  |  |  | 15,080 |  |  |  | (13,138 | ) |  |  | 244,718 |
(1) | Our metal containers segment includes the operations formerly categorized as metal food containers and the VN operations acquired in March 2011.
(2) | Depreciation and amortization excludes amortization of debt discount and issuance costs of $0.9 million and $0.8 million for the three months ended September 30, 2011 and 2010, respectively, and $2.5 million and $2.1 million for the nine months ended September 30, 2011 and 2010, respectively.
(3) | Income from operations for corporate includes costs attributable to announced acquisitions of $0.5 million for the three and nine months ended September 30, 2010.
(4) | Income from operations for corporate includes income of $25.2 million for proceeds received as a result of the termination of the Graham Packaging merger agreement, net of costs associated with certain corporate development activities.
(5) | Income from operations of the metal containers segment includes a charge for the resolution of a past product liability dispute of $3.3 million.
(6) | Income from operations for the closures segment includes a charge of $3.2 million for the remeasurement of net assets in the Venezuela operations to the devalued official Bolivar exchange rate.
Total segment income from operations is reconciled to income before income taxes as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | Sept. 30, |  |  | Sept. 30, |  |  | Sept. 30, |  |  | Sept. 30, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Total segment income from operations |  | $ | 136,051 |  |  | $ | 120,954 |  |  | $ | 284,156 |  |  | $ | 244,718 |
Interest and other debt expense |  |  | 17,268 |  |  |  | 20,477 |  |  |  | 47,654 |  |  |  | 44,983 |
Income before income taxes |  | $ | 118,783 |  |  | $ | 100,477 |  |  | $ | 236,502 |  |  | $ | 199,735 |
Sales and income from operations of our metal container business are dependent, in part, upon the vegetable and fruit harvests in the midwest and western regions of the United States and, to a lesser degree, various geographies in Central and Eastern Europe. Our closures business is also dependent, in part, upon vegetable and fruit harvests. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual income from operations during that quarter.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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