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Segment Reporting
9 Months Ended
Sep. 30, 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 and nine month periods ended September 30, 2013 and 2012:

    Three Months     Nine Months  
    Ended September 30     Ended September 30  
(In Thousands)   2013     2012     2013     2012  
Net Sales                        
Film Products $ 157,187   $ 155,296   $ 469,838   $ 459,221  
AluminumExtrusions   78,499     55,222     236,293     172,525  
Total net sales   235,686     210,518     706,131     631,746  
Add back freight   7,508     6,130     22,119     17,404  
Sales as shown in the Consolidated Statements of Income   243,194     216,648     728,250     649,150  
 
Operating Profit                        
Film Products:                        
Ongoing operations   19,617     21,092     55,351     49,999  
Plant shutdowns, asset impairments, restructurings and other   (155 )   (87 )   (364 )   (1,879 )
 
AluminumExtrusions:                        
Ongoing operations   3,426     1,846     12,351     7,349  
Plant shutdowns, asset impairments, restructurings and other   (160 )   (1,067 )   (958 )   (3,214 )
 
Total   22,728     21,784     66,380     52,255  
Interest income   138     84     307     337  
Interest expense   727     708     2,132     2,732  
Gain (loss) on investment accounted for under fair value method   (3,100 )   2,700     100     9,000  
Unrealized loss on investment property   -     -     1,018     -  
Stock option-based compensation costs   260     386     859     1,147  
Corporate expenses, net   8,414     4,788     24,058     17,060  
Income from continuining operations before income taxes   10,365     18,686     38,720     40,653  
Income taxes from continuing operations   2,937     4,476     12,185     11,318  
Income from continuing operations   7,428     14,210     26,535     29,335  
Loss from discontinued operations   (450 )   (6,783 )   (13,990 )   (11,557 )
Net income $ 6,978   $ 7,427   $ 12,545   $ 17,778  

 

     The following table presents identifiable assets by segment at September 30, 2013 and December 31, 2012:

    September 30,   December 31,
(In Thousands)   2013   2012
Film Products $ 572,681 $ 551,842
Aluminum Extrusions   129,005   129,279
   Subtotal   701,686   681,121
General corporate   49,004   53,222
Cash and cash equivalents   42,604   48,822
Total $ 793,294 $ 783,165