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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment activity is as follows (dollars in thousands):
|  | Year ended December 31,
|  | 2023 |  | 2022 |  | 2021
Net Sales |  |  |  |  |  |
Packaging |  | $ | 463,600 |  |  | $ | 522,180 |  |  | $ | 533,260 |
Aerospace |  | 241,400 |  |  | 188,090 |  |  | 183,340 |
Specialty Products |  | 188,550 |  |  | 173,560 |  |  | 140,510 |
Total |  | $ | 893,550 |  |  | $ | 883,830 |  |  | $ | 857,110 |
Operating Profit (Loss) |  |  |  |  |  |
Packaging |  | $ | 60,140 |  |  | $ | 81,000 |  |  | $ | 96,490 |
Aerospace (a) |  | 15,520 |  |  | 8,060 |  |  | 13,270 |
Specialty Products |  | 36,400 |  |  | 30,250 |  |  | 22,550 |
Corporate (b) (c) |  | (46,620) |  |  | (20,250) |  |  | (37,220) |
Total |  | $ | 65,440 |  |  | $ | 99,060 |  |  | $ | 95,090 |
Capital Expenditures |  |  |  |  |  |
Packaging |  | $ | 29,060 |  |  | $ | 33,170 |  |  | $ | 34,080 |
Aerospace |  | 14,620 |  |  | 6,900 |  |  | 5,390 |
Specialty Products |  | 10,410 |  |  | 5,860 |  |  | 5,500 |
Corporate (c) |  | 100 |  |  | 30 |  |  | 90 |
Total |  | $ | 54,190 |  |  | $ | 45,960 |  |  | $ | 45,060 |
Depreciation and Amortization |  |  |  |  |  |
Packaging |  | $ | 34,170 |  |  | $ | 29,340 |  |  | $ | 30,500 |
Aerospace |  | 19,160 |  |  | 19,620 |  |  | 18,700 |
Specialty Products |  | 4,130 |  |  | 4,130 |  |  | 4,120 |
Corporate (c) |  | 130 |  |  | 130 |  |  | 130 |
Total |  | $ | 57,590 |  |  | $ | 53,220 |  |  | $ | 53,450 |
Total Assets |  |  |  |  |  |
Packaging |  | $ | 830,620 |  |  | $ | 776,550 |  |  | $ | 739,920 |
Aerospace |  | 390,910 |  |  | 347,720 |  |  | 353,800 |
Specialty Products |  | 92,770 |  |  | 86,290 |  |  | 73,260 |
Corporate (c) |  | 27,360 |  |  | 94,440 |  |  | 136,660 |
Total |  | $ | 1,341,660 |  |  | $ | 1,305,000 |  |  | $ | 1,303,640 |
__________________________ (a) In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment. (b) In 2022, the Company sold a non-core facility in City of Industry, California, for net proceeds of $23.3 million, and recognized a $17.6 million gain on the sale, which is included in Corporate operating loss for 2022 and included within net gain (loss) on disposition of assets in the accompanying consolidated statement of income. (c) Corporate consists of our corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate assets consist primarily of cash and cash equivalents, unallocated deferred tax assets and prepaid assets. Corporate expenses and assets reconcile reportable segment information to the consolidated totals.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, by geographical area (dollars in thousands).
|  | As of December 31,
|  | 2023 |  | 2022 |  | 2021
|  | Net Sales |  | Long-lived Assets |  | Net Sales |  | Long-lived Assets |  | Net Sales |  | Long-lived Assets
Non-U.S. |  |  |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 153,120 |  |  | $ | 238,640 |  |  | $ | 139,780 |  |  | $ | 192,600 |  |  | $ | 160,650 |  |  | $ | 209,380 |
Asia Pacific |  | 34,240 |  |  | 27,000 |  |  | 35,260 |  |  | 29,720 |  |  | 41,310 |  |  | 37,080 |
Other Americas |  | 24,950 |  |  | 45,120 |  |  | 18,040 |  |  | 41,840 |  |  | 15,290 |  |  | 42,000 |
Total non-U.S. |  | 212,310 |  |  | 310,760 |  |  | 193,080 |  |  | 264,160 |  |  | 217,250 |  |  | 288,460 |
Total U.S. |  | 681,240 |  |  | 564,020 |  |  | 690,750 |  |  | 541,510 |  |  | 639,860 |  |  | 489,390 |
Total |  | $ | 893,550 |  |  | $ | 874,780 |  |  | $ | 883,830 |  |  | $ | 805,670 |  |  | $ | 857,110 |  |  | $ | 777,850 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + 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://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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