XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Business Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Segment Reporting [Abstract] |
Reportable Business Segment Information | Reportable business segment information for the three and six months ended June 30 was as follows:
| Metal Containers |  | Closures (1) |  | Plastic Containers |  | Corporate |  | Total
| (Dollars in thousands)
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
Net sales | $ | 529,715 |  |  | $ | 349,087 |  |  | $ | 143,012 |  |  | $ | — |  |  | $ | 1,021,814 |
Depreciation and amortization(2) | 19,124 |  |  | 17,000 |  |  | 8,572 |  |  | 23 |  |  | 44,719 |
Rationalization charges | 2,239 |  |  | 349 |  |  | 450 |  |  | — |  |  | 3,038 |
Segment income from operations(3) | 49,432 |  |  | 33,827 |  |  | 6,666 |  |  | (14,692 | ) |  | 75,233 |
Three Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 529,604 |  |  | $ | 206,492 |  |  | $ | 138,546 |  |  | $ | — |  |  | $ | 874,642 |
Depreciation and amortization(2) | 17,997 |  |  | 9,702 |  |  | 8,058 |  |  | 27 |  |  | 35,784 |
Rationalization charges | 4,054 |  |  | 293 |  |  | 691 |  |  | — |  |  | 5,038 |
Segment income from operations | 45,873 |  |  | 25,301 |  |  | 1,017 |  |  | (4,540 | ) |  | 67,651 |
Six Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
Net sales | $ | 995,951 |  |  | $ | 546,769 |  |  | $ | 284,500 |  |  | $ | — |  |  | $ | 1,827,220 |
Depreciation and amortization(2) | 37,923 |  |  | 26,181 |  |  | 17,008 |  |  | 46 |  |  | 81,158 |
Rationalization charges | 2,962 |  |  | 401 |  |  | 560 |  |  | — |  |  | 3,923 |
Segment income from operations (3) | 93,303 |  |  | 57,625 |  |  | 13,500 |  |  | (32,434 | ) |  | 131,994 |
Six Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 983,059 |  |  | $ | 402,601 |  |  | $ | 281,719 |  |  | $ | — |  |  | $ | 1,667,379 |
Depreciation and amortization(2) | 35,947 |  |  | 19,116 |  |  | 15,840 |  |  | 55 |  |  | 70,958 |
Rationalization charges | 4,054 |  |  | 417 |  |  | 1,637 |  |  | — |  |  | 6,108 |
Segment income from operations | 83,489 |  |  | 49,820 |  |  | 1,068 |  |  | (9,281 | ) |  | 125,096 |
_____________
(1) | Our Closures segment includes SDS as of the acquisition date of April 6, 2017.
(2) | Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million for each of the three months ended June 30, 2017 and 2016 and $2.2 million and $2.1 million for the six months ended June 30, 2017 and 2016, respectively.
(3) | Income from operations for Metal Containers includes a $3.0 million charge for each of the three and six months ended June 30, 2017 related to the resolution of a past non-commercial legal dispute. Income from operations for Corporate includes costs attributed to announced acquisitions of $9.8 million and $23.0 million for the three and six months ended June 30, 2017, respectively.
Reconciliation of Segment Income from Operations to Income before Income Taxes | l segment income from operations is reconciled to income before income taxes as follows:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30, |  | June 30, |  | June 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (Dollars in thousands)
Total segment income from operations |  | $ | 75,233 |  |  | $ | 67,651 |  |  | $ | 131,994 |  |  | $ | 125,096 |
Interest and other debt expense |  | 33,582 |  |  | 16,883 |  |  | 56,677 |  |  | 33,339 |
Income before income taxes |  | $ | 41,651 |  |  | $ | 50,768 |  |  | $ | 75,317 |  |  | $ | 91,757 |
Sal

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + 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=68060357&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=68060357&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 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 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=68060357&loc=d3e8813-108599 Reference 3: 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=68060357&loc=d3e8721-108599 Reference 4: 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 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=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration