XML 56 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Reporting
 3 Months Ended
Mar. 31, 2015
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 month periods ended March 31, 2015 and 2014:

 
 
Three Months Ended March 31,
(In Thousands)
 
2015
 
2014
Net Sales
 
 
 
 
Film Products
 
$
133,201

 
$
149,160

Aluminum Extrusions
 
93,645

 
79,283

Total net sales
 
226,846

 
228,443

Add back freight
 
7,325

 
6,770

Sales as shown in the Consolidated Statements of Income
 
234,171

 
235,213

Operating Profit
 
 
 
 
Film Products:
 
 
 
 
Ongoing operations
 
17,617

 
16,722

Plant shutdowns, asset impairments, restructurings and other
 
67

 
(1,245
)
Aluminum Extrusions:
 
 
 
 
Ongoing operations
 
5,292

 
4,761

Plant shutdowns, asset impairments, restructurings and other
 
(15
)
 
—

Total
 
22,961

 
20,238

Interest income
 
89

 
195

Interest expense
 
885

 
630

Stock option-based compensation costs
 
300

 
241

Corporate expenses, net
 
7,216

 
6,475

Income before income taxes
 
14,649

 
13,087

Income taxes
 
4,779

 
4,608

Net income
 
$
9,870

 
$
8,479


The following table presents identifiable assets by segment at March 31, 2015 and December 31, 2014:
(In Thousands)
March 31, 2015
 
December 31, 2014
Film Products
$
513,231

 
$
546,210

Aluminum Extrusions
153,359

 
143,328

Subtotal
666,590

 
689,538

General corporate
48,610

 
49,032

Cash and cash equivalents
55,155

 
50,056

Total
$
770,355

 
$
788,626