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Business Segment Information | 9 Months Ended
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Sep. 30, 2017
Segment Reporting [Abstract] |
Business Segment Information | Business Segment Information Reportable business segment information for the three and nine months ended September 30 was as follows:
| Metal Containers |  | Closures (1) |  | Plastic Containers |  | Corporate |  | Total
| (Dollars in thousands)
Three Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Net sales | $ | 772,382 |  |  | $ | 357,343 |  |  | $ | 137,205 |  |  | $ | — |  |  | $ | 1,266,930 |
Depreciation and amortization(2) | 19,250 |  |  | 17,457 |  |  | 8,636 |  |  | 22 |  |  | 45,365 |
Rationalization charges | 326 |  |  | 134 |  |  | 101 |  |  | — |  |  | 561 |
Segment income from operations(3) | 92,222 |  |  | 45,322 |  |  | 6,444 |  |  | (5,422 | ) |  | 138,566 |
Three Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 797,370 |  |  | $ | 211,955 |  |  | $ | 130,318 |  |  | $ | — |  |  | $ | 1,139,643 |
Depreciation and amortization(2) | 18,432 |  |  | 9,757 |  |  | 8,006 |  |  | 27 |  |  | 36,222 |
Rationalization charges | 4,280 |  |  | 64 |  |  | 3,477 |  |  | — |  |  | 7,821 |
Segment income from operations | 98,007 |  |  | 28,401 |  |  | 800 |  |  | (4,801 | ) |  | 122,407 |
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
Net sales | $ | 1,768,333 |  |  | $ | 904,112 |  |  | $ | 421,705 |  |  | $ | — |  |  | $ | 3,094,150 |
Depreciation and amortization(2) | 57,172 |  |  | 43,638 |  |  | 25,644 |  |  | 68 |  |  | 126,522 |
Rationalization charges | 3,288 |  |  | 535 |  |  | 662 |  |  | — |  |  | 4,485 |
Segment income from operations (3) | 185,525 |  |  | 102,947 |  |  | 19,944 |  |  | (37,856 | ) |  | 270,560 |
Nine Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,780,429 |  |  | $ | 614,558 |  |  | $ | 412,036 |  |  | $ | — |  |  | $ | 2,807,023 |
Depreciation and amortization(2) | 54,379 |  |  | 28,873 |  |  | 23,847 |  |  | 82 |  |  | 107,181 |
Rationalization charges | 8,333 |  |  | 482 |  |  | 5,114 |  |  | — |  |  | 13,929 |
Segment income from operations | 181,496 |  |  | 78,220 |  |  | 1,868 |  |  | (14,082 | ) |  | 247,502 |
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(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 September 30, 2017 and 2016 and $3.2 million and $3.1 million for the nine months ended September 30, 2017 and 2016, respectively.
(3) | Income from operations for Corporate includes costs attributed to announced acquisitions of $0.8 million and $23.8 million for the three and nine months ended September 30, 2017, respectively. Income from operations for Metal Containers includes a $3.0 million charge for the nine months ended September 30, 2017 related to the resolution of a past non-commercial legal dispute.
Total segment income from operations is reconciled to income before income taxes as follows:
|  | Three Months Ended |  | Nine Months Ended
|  | Sept. 30, 2017 |  | Sept. 30, 2016 |  | Sept. 30, 2017 |  | Sept. 30, 2016
|  | (Dollars in thousands)
Total segment income from operations |  | $ | 138,566 |  |  | $ | 122,407 |  |  | $ | 270,560 |  |  | $ | 247,502 |
Interest and other debt expense |  | 30,583 |  |  | 17,318 |  |  | 87,259 |  |  | 50,657 |
Income before income taxes |  | $ | 107,983 |  |  | $ | 105,089 |  |  | $ | 183,301 |  |  | $ | 196,845 |
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.

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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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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