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Segment Reporting
 6 Months Ended
Jun. 30, 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 six months of 2012 or 2011. Effective January 1, 2012, the operations of Bright View Technologies Corporation ("Bright View") were incorporated into Film Products to leverage research and development efforts and accelerate 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 is now 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 and six month periods ended June 30, 2012 and 2011:

  Three Months SixMonths
  Ended June 30 Ended June 30
(In Thousands) 2012 2011 2012 2011
Net Sales                        
Film Products $ 150,226   $ 132,035   $ 303,925   $ 263,556  
Aluminum Extrusions   59,695     63,896     117,303     119,897  
Other   254     293     809     296  
Total net sales   210,175     196,224     422,037     383,749  
Add back freight   5,938     4,742     11,274     8,741  
Sales as shown in the Consolidated Statements of Income $ 216,113   $ 200,966   $ 433,311   $ 392,490  
 
Operating Profit (Loss)                        
Film Products:                        
Ongoing operations $ 13,441   $ 12,794   $ 28,907   $ 28,387  
Plant shutdowns, asset impairments, restructurings and other   (1,508 )   (1,084 )   (1,792 )   (1,084 )
 
Aluminum Extrusions:                        
Ongoing operations   3,800     1,467     5,503     238  
Plant shutdowns, asset impairments, restructurings and other   (1,086 )   94     (2,147 )   62  
 
Other:                        
Ongoing operations   8     34     184     (168 )
 
Total   14,655     13,305     30,655     27,435  
Interest income   83     270     253     500  
Interest expense   1,017     361     2,024     716  
Gain on investment accounted for under fair value method   2,700     -     6,300     -  
Stock option-based compensation costs   315     516     761     1,007  
Corporate expenses, net   6,065     3,178     12,417     7,034  
Income from continuining operations before income taxes   10,041     9,520     22,006     19,178  
Income taxes from continuing operations   2,688     3,472     6,855     6,462  
Income from continuing operations   7,353     6,048     15,151     12,716  
Loss from discontinued operations   -     (345 )   (4,800 )   (345 )
Net income $ 7,353   $ 5,703   $ 10,351   $ 12,371  

 

     The following table presents identifiable assets by segment at June 30, 2012 and December 31, 2011:

  June 30, December 31,
(In Thousands) 2012 2011
Film Products $ 554,592 $ 574,571
Aluminum Extrusions   79,160   78,661
Other   21,168   17,520
Subtotal   654,920   670,752
General corporate   46,935   40,919
Cash and cash equivalents   52,559   68,939
Total $ 754,414 $ 780,610