XML 81 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting | 9 Months Ended
--- | ---
Sep. 30, 2014
Segment Reporting [Abstract] |
Segment Reporting | The Company's business segments are Film Products and Aluminum Extrusions. 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, 2014 and 2013:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In Thousands) | 2014 |  | 2013 |  | 2014 |  | 2013
Net Sales |  |  |  |  |  |  |
Film Products | $ | 143,098 |  |  | $ | 157,187 |  |  | $ | 438,274 |  |  | $ | 469,838 |
Aluminum Extrusions | 89,605 |  |  | 78,499 |  |  | 253,436 |  |  | 236,293 |
Total net sales | 232,703 |  |  | 235,686 |  |  | 691,710 |  |  | 706,131 |
Add back freight | 7,726 |  |  | 7,508 |  |  | 20,897 |  |  | 22,119 |
Sales as shown in the Consolidated Statements of Income | 240,429 |  |  | 243,194 |  |  | 712,607 |  |  | 728,250 |
Operating Profit |  |  |  |  |  |  |
Film Products: |  |  |  |  |  |  |
Ongoing operations | 13,206 |  |  | 19,617 |  |  | 44,891 |  |  | 55,351 |
Plant shutdowns, asset impairments, restructurings and other | (410 | ) |  | (155 | ) |  | (12,578 | ) |  | (364 | )
Aluminum Extrusions: |  |  |  |  |  |  |
Ongoing operations | 5,752 |  |  | 3,426 |  |  | 18,563 |  |  | 12,351 |
Plant shutdowns, asset impairments, restructurings and other | (126 | ) |  | (160 | ) |  | (300 | ) |  | (958 | )
Total | 18,422 |  |  | 22,728 |  |  | 50,576 |  |  | 66,380 |
Interest income | 117 |  |  | 138 |  |  | 419 |  |  | 307 |
Interest expense | 590 |  |  | 727 |  |  | 1,751 |  |  | 2,132 |
Gain (loss) on investment accounted for under fair value method | 4,000 |  |  | (3,100 | ) |  | 2,900 |  |  | 100 |
Gain on sale of investment property | — |  |  | — |  |  | 1,208 |  |  | — |
Unrealized loss on investment property | — |  |  | — |  |  | — |  |  | (1,018 | )
Stock option-based compensation costs | 358 |  |  | 260 |  |  | 944 |  |  | 859 |
Corporate expenses, net | 5,477 |  |  | 8,414 |  |  | 17,291 |  |  | 24,058 |
Income from continuing operations before income taxes | 16,114 |  |  | 10,365 |  |  | 35,117 |  |  | 38,720 |
Income taxes from continuing operations | 5,369 |  |  | 2,937 |  |  | 12,141 |  |  | 12,185 |
Income from continuing operations | 10,745 |  |  | 7,428 |  |  | 22,976 |  |  | 26,535 |
Income (loss) from discontinued operations, net of tax | 850 |  |  | (450 | ) |  | 850 |  |  | (13,990 | )
Net income | $ | 11,595 |  |  | $ | 6,978 |  |  | $ | 23,826 |  |  | $ | 12,545 |
The following table presents identifiable assets by segment at September 30, 2014 and December 31, 2013:
(In Thousands) | September 30, 2014 |  | December 31, 2013
Film Products | $ | 561,403 |  |  | $ | 556,873 |
Aluminum Extrusions | 145,304 |  |  | 134,928 |
Subtotal | 706,707 |  |  | 691,801 |
General corporate | 48,017 |  |  | 48,590 |
Cash and cash equivalents | 51,930 |  |  | 52,617 |
Total | $ | 806,654 |  |  | $ | 793,008 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration