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Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2017
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 (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.
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 |  | 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 |

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- 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
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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 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
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