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Segment Reporting
 3 Months Ended
Mar. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting

10. We have four reportable segments, which include Film Products, Aluminum Extrusions, AFBS (formerly Therics, Inc.) and Other. There was no activity related to AFBS in the first quarters of 2012 or 2011. Effective January 1, 2012, the operations of Bright View Technologies Corporation ("Bright View") were incorporated into Film Products, leveraging research and development efforts and accelerating new product development. Prior year balances for Bright View have been reclassified to Film Products to conform with the current year presentation. The Other segment now is solely comprised of the operations of Falling Springs, LLC.

     Information by business segment is reported below. There are no accounting transactions between segments and no allocations to segments. Net sales (sales less freight) and operating profit from ongoing operations are the measures of sales and operating profit used by the chief operating decision maker for purposes of assessing performance. The following table presents net sales and operating profit by segment for the three months ended March 31, 2012 and 2011:

    Three Months  
    Ended March 31  
(In Thousands)   2012     2011  
Net Sales            
Film Products $ 153,699   $ 131,521  
Aluminum Extrusions   57,608     56,001  
Other   555     3  
Total net sales   211,862     187,525  
Add back freight   5,336     3,999  
Sales as shown in the Consolidated Statements of Income $ 217,198   $ 191,524  
 
Operating Profit (Loss)            
Film Products:            
Ongoing operations $ 15,466   $ 15,593  
Plant shutdowns, asset impairments, restructurings and other   (284 )   -  
 
Aluminum Extrusions:            
Ongoing operations   1,703     (1,229 )
Plant shutdowns, asset impairments, restructurings and other   (1,061 )   (32 )
 
Other            
Ongoing operations   176     (202 )
 
Total   16,000     14,130  
Interest income   170     230  
Interest expense   1,007     355  
Gain on investment accounted for under fair value method   3,600     -  
Stock option-based compensation costs   446     491  
Corporate expenses, net   6,352     3,856  
Income from continuing operations before income taxes   11,965     9,658  
Income taxes   4,167     2,990  
Income from continuing operations   7,798     6,668  
Loss from discontinued operations   (4,800 )   -  
Net income $ 2,998   $ 6,668  

 

 

     The following table presents identifiable assets by segment at March 31, 2012 and December 31, 2011:

    March 31,   December 31,
(In Thousands)   2012   2011
Film Products $ 581,051 $ 574,571
Aluminum Extrusions   80,568   78,661
Other   18,468   17,520
Subtotal   680,087   670,752
General corporate   41,474   40,919
Cash and cash equivalents   70,816   68,939
Total $ 792,377 $ 780,610