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Segment Reporting
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting

11. Our primary business segments are Film Products and Aluminum Extrusions. In February 2010, we started reporting an additional segment, Other, comprised of the start-up operations of Bright View Technologies Corporation ("Bright View") and Falling Springs. Effective January 1, 2012, the operations and results of Bright View were incorporated into Film Products to leverage research and development efforts and accelerate new product development. As discussed in Note 3, Falling Springs was divested in the fourth quarter of 2012. All historical results for this business have been reflected as discontinued operations. With the sale of Falling Springs, there is no longer an Other segment to report.

     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, 2013 and 2012:

    Three Months  
    Ended March 31  
(In Thousands)   2013     2012  
Net Sales            
Film Products $ 154,385   $ 153,699  
Aluminum Extrusions   79,939     57,608  
Total net sales   234,324     211,307  
Add back freight   7,202     5,336  
Sales as shown in the Consolidated Statements of Income $ 241,526   $ 216,643  
 
Operating Profit            
Film Products:            
Ongoing operations $ 17,007   $ 15,466  
Plant shutdowns, asset impairments, restructurings and oth   (102 )   (284 )
 
Aluminum Extrusions:            
Ongoing operations   4,614     1,703  
Plant shutdowns, asset impairments, restructurings and oth   (253 )   (1,061 )
 
Total   21,266     15,824  
Interest income   78     170  
Interest expense   690     1,007  
Gain on investment accounted for under fair value method   1,100     3,600  
Stock option-based compensation costs   316     446  
Corporate expenses, net   8,157     6,272  
Income from continuing operations before income taxes   13,281     11,869  
Income taxes   3,764     4,132  
Income from continuing operations   9,517     7,737  
Loss from discontinued operations   (5,240 )   (4,739 )
Net income $ 4,277   $ 2,998  

 

     The following table presents identifiable assets by segment at March 31, 2013 and December 31, 2012:

    March 31,   December 31,
(In Thousands)   2013   2012
Film Products $ 563,667 $ 551,842
Aluminum Extrusions   136,988   129,279
Subtotal   700,655   681,121
General corporate   50,789   53,222
Cash and cash equivalents   37,685   48,822
Total $ 789,129 $ 783,165