XML 25 R33.htm IDEA: XBRL DOCUMENT v3.3.0.814
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment

The following table presents net sales and operating profit by segment for the three and nine month periods ended September 30, 2015 and 2014:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
2015
 
2014
 
2015
 
2014
Net Sales
 
 
 
 
 
 
 
PE Films
$
93,943

 
$
115,155

 
$
292,259

 
$
354,892

Flexible Packaging Films
27,155

 
27,943

 
77,339

 
83,382

Aluminum Extrusions
94,812

 
89,605

 
286,660

 
253,436

Total net sales
215,910

 
232,703

 
656,258

 
691,710

Add back freight
7,862

 
7,726

 
22,930

 
20,897

Sales as shown in the Consolidated Statements of Income
223,772

 
240,429

 
679,188

 
712,607

Operating Profit
 
 
 
 
 
 
 
PE Films:
 
 
 
 
 
 
 
Ongoing operations
9,745

 
14,471

 
35,849

 
47,174

Plant shutdowns, asset impairments, restructurings and other
(2,044
)
 
(113
)
 
(2,051
)
 
(12,281
)
Flexible Packaging Films:
 
 
 
 
 
 
 
Ongoing operations
4,102

 
(1,265
)
 
1,793

 
(2,283
)
Plant shutdowns, asset impairments, restructurings and other

 
(297
)
 
(185
)
 
(297
)
Goodwill impairment charge
(44,465
)
 

 
(44,465
)
 

Aluminum Extrusions:
 
 
 
 
 
 
 
Ongoing operations
7,272

 
5,752

 
20,863

 
18,563

Plant shutdowns, asset impairments, restructurings and other
(331
)
 
(126
)
 
(364
)
 
(300
)
Total
(25,721
)
 
18,422

 
11,440

 
50,576

Interest income
76

 
117

 
247

 
419

Interest expense
901

 
590

 
2,679

 
1,751

Gain (loss) on investment accounted for under fair value method

 
4,000

 

 
2,900

Gain on sale of investment property

 

 

 
1,208

Stock option-based compensation costs
73

 
358

 
571

 
944

Corporate expenses, net
6,722

 
5,477

 
25,632

 
17,291

Income (loss) from continuing operations before income taxes
(33,341
)
 
16,114

 
(17,195
)
 
35,117

Income taxes from continuing operations
3,382

 
5,369

 
9,064

 
12,141

Income (loss) from continuing operations
(36,723
)
 
10,745

 
(26,259
)
 
22,976

Income (loss) from discontinued operations, net of tax

 
850

 

 
850

Net income (loss)
$
(36,723
)
 
$
11,595

 
$
(26,259
)
 
$
23,826

Schedule Of Identifiable Assets By Segment
The following table presents identifiable assets by segment at September 30, 2015 and December 31, 2014:
(In Thousands)
September 30, 2015
 
December 31, 2014
PE Films
$
274,180

 
$
283,606

Flexible Packaging Films
149,510

 
262,604

Aluminum Extrusions
145,717

 
143,328

Subtotal
569,407

 
689,538

General corporate
48,338

 
49,032

Cash and cash equivalents
46,609

 
50,056

Total
$
664,354

 
$
788,626