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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