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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2012
Reportable Business Segment Information | Reportable business segment information for the three and nine months ended September 30 is as follows:
|  | Metal |  |  |  |  | Plastic |  |  |  |  |  |
|  | Containers |  | Closures |  | Containers |  | Corporate |  | Total
|  | (Dollars in thousands)
Three Months Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 814,111 |  |  | $ | 182,730 |  |  | $ | 142,706 |  |  | $ | - |  |  | $ | 1,139,547 |
Depreciation and amortization(1) |  |  | 21,920 |  |  |  | 7,900 |  |  |  | 10,755 |  |  |  | 22 |  |  |  | 40,597 |
Rationalization charges (credit) |  |  | 1,732 |  |  |  | 453 |  |  |  | (137 | ) |  |  | - |  |  |  | 2,048 |
Segment income from operations(2) (3) |  |  | 103,453 |  |  |  | 24,134 |  |  |  | 6,221 |  |  |  | (1,376 | ) |  |  | 132,432 |
Three Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 798,663 |  |  | $ | 189,554 |  |  | $ | 159,791 |  |  | $ | - |  |  | $ | 1,148,008 |
Depreciation and amortization(1) |  |  | 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 |
Nine Months Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,738,684 |  |  | $ | 528,782 |  |  | $ | 462,050 |  |  | $ | - |  |  | $ | 2,729,516 |
Depreciation and amortization(1) |  |  | 64,926 |  |  |  | 24,110 |  |  |  | 31,690 |  |  |  | 729 |  |  |  | 121,455 |
Rationalization charges |  |  | 1,732 |  |  |  | 2,594 |  |  |  | 1,483 |  |  |  | - |  |  |  | 5,809 |
Segment income from operations(2) (3) |  |  | 185,604 |  |  |  | 65,072 |  |  |  | 24,201 |  |  |  | (8,044 | ) |  |  | 266,833 |
Nine Months Ended September 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,671,404 |  |  | $ | 534,133 |  |  | $ | 467,781 |  |  | $ | - |  |  | $ | 2,673,318 |
Depreciation and amortization(1) |  |  | 58,481 |  |  |  | 25,074 |  |  |  | 33,576 |  |  |  | 1,264 |  |  |  | 118,395 |
Rationalization charges |  |  | 1,378 |  |  |  | 1,731 |  |  |  | 1,673 |  |  |  | - |  |  |  | 4,782 |
Segment income from operations(2) (3) |  |  | 192,984 |  |  |  | 62,866 |  |  |  | 14,629 |  |  |  | 13,677 |  |  |  | 284,156 |
| (1) | Depreciation and amortization excludes amortization of debt issuance costs of $1.2 million and amortization of debt discount and issuance costs of $0.9 million for the three months ended September 30, 2012 and 2011, respectively, and amortization of debt discount and issuance costs of $3.7 million and $2.5 million for the nine months ended September 30, 2012 and 2011, respectively.
| (2) | Income from operations for corporate includes costs attributable to announced acquisitions of $0.8 million and $1.5 million for the three and nine months ended September 30, 2012, respectively, and also includes income of $25.2 million for the nine months ended September 30, 2011 for proceeds received as a result of the termination of the merger agreement with Graham Packaging Company Inc., or the Graham Packaging merger agreement, net of costs associated with certain corporate development activities.
| (3) | Income from operations of the metal containers segment includes new plant start-up costs of $1.4 million and $4.3 million for the three and nine months ended September 30, 2012, respectively, and a charge for the resolution of a past product liability dispute of $3.3 million for the nine months ended September 30, 2011.
Reconciliation of Segment Income from Operations to Income before Income Taxes | 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,
|  | 2012 |  | 2011 |  | 2012 |  | 2011
|  | (Dollars in thousands)
Total segment income from operations |  | $ | 132,432 |  |  | $ | 136,051 |  |  | $ | 266,833 |  |  | $ | 284,156 |
Interest and other debt expense |  |  | 16,005 |  |  |  | 17,268 |  |  |  | 86,326 |  |  |  | 47,654 |
Income before income taxes |  | $ | 116,427 |  |  | $ | 118,783 |  |  | $ | 180,507 |  |  | $ | 236,502 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 32 -Subparagraph b -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. + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -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 5: 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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
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