XML 51 R26.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Segment Reporting [Abstract] |
Reportable Business Segment Information | Reportable business segment information for the three and nine months ended September 30 was as follows:
| Metal Containers |  | Closures |  | Plastic Containers |  | Corporate |  | Total
| (Dollars in thousands)
Three Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |
Net sales | $ | 827,675 |  |  | $ | 241,021 |  |  | $ | 159,748 |  |  | $ | — |  |  | $ | 1,228,444 |
Depreciation and amortization(1) | 17,550 |  |  | 9,930 |  |  | 9,146 |  |  | 32 |  |  | 36,658 |
Rationalization charges | — |  |  | 1,218 |  |  | 1,310 |  |  | — |  |  | 2,528 |
Segment income from operations(2)(3) | 112,229 |  |  | 27,645 |  |  | 13,129 |  |  | (5,368 | ) |  | 147,635 |
Three Months Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 831,094 |  |  | $ | 185,249 |  |  | $ | 151,578 |  |  | $ | — |  |  | $ | 1,167,921 |
Depreciation and amortization(1) | 20,243 |  |  | 8,310 |  |  | 11,765 |  |  | 33 |  |  | 40,351 |
Rationalization charges | 344 |  |  | 988 |  |  | — |  |  | — |  |  | 1,332 |
Segment income from operations(2)(3) | 108,322 |  |  | 23,053 |  |  | 8,557 |  |  | (4,073 | ) |  | 135,859 |
Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,814,764 |  |  | $ | 687,050 |  |  | $ | 499,812 |  |  | $ | — |  |  | $ | 3,001,626 |
Depreciation and amortization(1) | 52,121 |  |  | 31,482 |  |  | 27,354 |  |  | 95 |  |  | 111,052 |
Rationalization charges | — |  |  | 2,706 |  |  | 2,272 |  |  | — |  |  | 4,978 |
Segment income from operations(2)(3) | 203,582 |  |  | 70,639 |  |  | 38,946 |  |  | (11,442 | ) |  | 301,725 |
Nine Months Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,826,026 |  |  | $ | 527,835 |  |  | $ | 489,830 |  |  | $ | — |  |  | $ | 2,843,691 |
Depreciation and amortization(1) | 63,770 |  |  | 24,862 |  |  | 35,025 |  |  | 100 |  |  | 123,757 |
Rationalization charges | 1,727 |  |  | 1,233 |  |  | 656 |  |  | — |  |  | 3,616 |
Segment income from operations(2)(3)(4) | 193,619 |  |  | 55,367 |  |  | 30,431 |  |  | (10,529 | ) |  | 268,888 |
_____________
(1) | Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million and $1.1 million for the three months ended September 30, 2014 and 2013, respectively, and $3.2 million and $3.3 million for the nine months ended September 30, 2014 and 2013, respectively.
(2) | Income from operations of the closures segment includes income from operations in Venezuela of $0.8 million and $0.1 million for the three months ended September 30, 2014 and 2013, respectively, and losses from operations in Venezuela of $2.6 million and $5.3 million for the nine months ended September 30, 2014 and 2013, respectively, which for the nine months ended September 30, 2013 includes a charge of $3.0 million for the remeasurement of net assets in Venezuela due to the devaluation of the official Bolivar exchange rate.
(3) | Income from operations for corporate includes acquisition costs attributable to announced acquisitions of $0.3 million and $1.0 million for the three months ended September 30, 2014 and 2013, respectively, and $0.5 million and $1.2 million for the nine months ended September 30, 2014 and 2013, respectively.
(4) | Income from operations of the metal containers segment includes plant start-up costs of $0.8 million for the nine months ended September 30, 2013.
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, 2014 |  | Sept. 30, 2013 |  | Sept. 30, 2014 |  | Sept. 30, 2013
| (Dollars in thousands)
Total segment income from operations | $ | 147,635 |  |  | $ | 135,859 |  |  | $ | 301,725 |  |  | $ | 268,888 |
Interest and other debt expense | 19,276 |  |  | 16,982 |  |  | 58,394 |  |  | 49,844 |
Income before income taxes | $ | 128,359 |  |  | $ | 118,877 |  |  | $ | 243,331 |  |  | $ | 219,044 |

X
- 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 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 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=35741047&loc=d3e13816-109267 Reference 4: 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 5: 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 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration