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Business Segment Information
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information

Reportable business segment information for the three months ended March 31 was as follows:

 
Metal
Containers
 
Closures
 
Plastic
Containers
 
Corporate
 
Total
 
(Dollars in thousands)
Three Months Ended March 31, 2017
 
 
 
 
 
 
 
 
 
Net sales
$
466,236

 
$
197,682

 
$
141,489

 
$

 
$
805,407

Depreciation and amortization(1)
18,798

 
9,182

 
8,437

 
23

 
36,440

Rationalization charges
722

 
53

 
110

 

 
885

Segment income from operations (2)
43,870

 
23,799

 
6,834

 
(17,741
)
 
56,762

 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 

 
 

 
 

 
 

 
 

Net sales
$
453,455

 
$
196,110

 
$
143,173

 
$

 
$
792,738

Depreciation and amortization(1)
17,950

 
9,416

 
7,782

 
29

 
35,177

Rationalization charges

 
125

 
946

 

 
1,071

Segment income from operations
37,616

 
24,520

 
50

 
(4,740
)
 
57,446


_____________

(1) 
Depreciation and amortization excludes amortization of debt issuance costs of $1.1 million and $1.0 million for the three months ended March 31, 2017 and 2016, respectively.
(2) 
Income from operations for Corporate includes costs attributed to announced acquisitions of $13.2 million for the three months ended March 31, 2017.


Total segment income from operations is reconciled to income before income taxes as follows:

 
 
 
2017
 
2016
 


 
(Dollars in thousands)

Total segment income from operations
 
 
$
56,762

 
$
57,446

Interest and other debt expense
 
 
23,095

 
16,455

Income before income taxes
 
 
$
33,667

 
$
40,991


Sales and income from operations of our metal container business and part of our closures business are dependent, in part, upon fruit and vegetable 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.