Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Schedule Of Diluted Earnings Per Share Computed Using Weighted Average Common And Potentially Dilutive Common Equivalent Shares Outstanding

Diluted earnings per share is computed using the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:



	2013	2012	2011
Weighted average shares outstanding used to compute basic earnings per share	32,171,751	32,032,343	31,931,962
Incremental shares attributable to stock options and restricted stock	427,528	160,233	281,212
Shares used to compute diluted earnings per share	32,599,279	32,192,576	32,213,174

Schedule Of Assumptions For Valuing Stock Options Granted

The assumptions used in this model for valuing Tredegar stock options granted in 2013, 2012 and 2011 are as follows:



	2013			2012			2011
Dividend yield	1.1		%	0.9		%	0.9		%
Weighted average volatility percentage	48.3		%	48.7		%	46.4		%
Weighted average risk-free interest rate	1.1		%	1.0		%	2.5		%
Holding period (years):
Officers	6.0			6.0			6.0
Management	5.0			5.0			5.0
Weighted average exercise price at date of grant (also weighted average market price at date of grant):
Officers	$	24.84		$	19.30		$	19.84
Management	25.10			19.40			19.73

Schedule Of Stock Options Granted And Related Estimated Fair Value At Date Of Grant

Tredegar stock options granted during 2013, 2012 and 2011, and related estimated fair value at the date of grant, are as follows:



	2013		2012		2011
Stock options granted (number of shares):
Officers	94,400		99,600		140,500
Management	90,300		82,500		95,300
Total	184,700		182,100		235,800
Estimated weighted average fair value of options per share at date of grant:
Officers	$	10.37	$	8.07	$	8.55
Management	9.65		7.81		8.03
Total estimated fair value of stock options granted (in thousands)	$	1,850	$	1,449	$	1,966

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the year ended December 31, 2013:



(In Thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2013	$	131		$	993		$	(103,471	)	$	(102,347	)
Other comprehensive income (loss) before reclassifications	(19,336		)	134			22,203			3,001
Amounts reclassified from accumulated other comprehensive income (loss)	—			(362		)	9,420			9,058
Net other comprehensive income (loss) - current period	(19,336		)	(228		)	31,623			12,059
Ending balance, December 31, 2013	$	(19,205	)	$	765		$	(71,848	)	$	(90,288	)

Reclassification out of Accumulated Other Comprehensive Income

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income during 2013 are summarized as follows:



(In Thousands)	Amount reclassified from other comprehensive income			Location of gain (loss) reclassified from accumulated other comprehensive income to net income
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	(583	)	Cost of sales
Foreign currency forward contracts, before taxes	—
Total, before taxes	(583		)
Income tax expense (benefit)	(221		)	Income taxes
Total, net of tax	$	(362	)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(14,818	)	(a)
Income tax expense (benefit)	(5,398		)	Income taxes
Total, net of tax	$	(9,420	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 14 for additional detail).