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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data | SELECTED QUARTERLY FINANCIAL DATA Tredegar Corporation and Subsidiaries (In Thousands, Except Per-Share Amounts) (Unaudited)
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
For the year ended December 31, 2015 |  |  |  |  |  |  |
Sales | $ | 234,171 |  |  | $ | 221,245 |  |  | $ | 223,772 |  |  | $ | 216,989 |
Gross profit | 37,415 |  |  | 29,748 |  |  | 33,468 |  |  | 40,249 |
Income from continuing operations | 9,870 |  |  | 594 |  |  | (36,723 | ) |  | (5,876 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | — |  |  | — |
Net income | $ | 9,870 |  |  | $ | 594 |  |  | $ | (36,723 | ) |  | $ | (5,876 | )
Earnings (loss) per share: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Continuing operations | $ | 0.30 |  |  | $ | 0.02 |  |  | $ | (1.13 | ) |  | $ | (0.18 | )
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
Net income | $ | 0.30 |  |  | $ | 0.02 |  |  | $ | (1.13 | ) |  | $ | (0.18 | )
Diluted |  |  |  |  |  |  |
Continuing operations | $ | 0.30 |  |  | $ | 0.02 |  |  | $ | (1.13 | ) |  | $ | (0.18 | )
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
Net income | $ | 0.30 |  |  | $ | 0.02 |  |  | $ | (1.13 | ) |  | $ | (0.18 | )
Shares used to compute earnings (loss) per share: |  |  |  |  |  |  |
Basic | 32,482 |  |  | 32,609 |  |  | 32,605 |  |  | 32,614 |
Diluted | 32,628 |  |  | 32,746 |  |  | 32,605 |  |  | 32,614 |
For the year ended December 31, 2014 |  |  |  |  |  |  |
Sales | $ | 235,213 |  |  | $ | 236,965 |  |  | $ | 240,429 |  |  | $ | 239,219 |
Gross profit | 37,749 |  |  | 38,480 |  |  | 34,582 |  |  | 34,109 |
Income from continuing operations | 8,479 |  |  | 3,752 |  |  | 10,745 |  |  | 13,054 |
Income (loss) from discontinued operations | — |  |  | — |  |  | 850 |  |  | — |
Net income (loss) | $ | 8,479 |  |  | $ | 3,752 |  |  | $ | 11,595 |  |  | $ | 13,054 |
Earnings (loss) per share: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Continuing operations | $ | 0.26 |  |  | $ | 0.12 |  |  | $ | 0.33 |  |  | $ | 0.40 |
Discontinued operations | — |  |  | — |  |  | 0.03 |  |  | — |
Net income (loss) | $ | 0.26 |  |  | $ | 0.12 |  |  | $ | 0.36 |  |  | $ | 0.40 |
Diluted |  |  |  |  |  |  |
Continuing operations | $ | 0.26 |  |  | $ | 0.11 |  |  | $ | 0.33 |  |  | $ | 0.40 |
Discontinued operations | — |  |  | — |  |  | 0.03 |  |  | — |
Net income (loss) | $ | 0.26 |  |  | $ | 0.11 |  |  | $ | 0.36 |  |  | $ | 0.40 |
Shares used to compute earnings (loss) per share: |  |  |  |  |  |  |
Basic | 32,242 |  |  | 32,312 |  |  | 32,319 |  |  | 32,335 |
Diluted | 32,621 |  |  | 32,641 |  |  | 32,507 |  |  | 32,449 |
Net income (loss) from continuing operations in the fourth quarter of 2014 includes the reduction in income taxes from continuing operations in 2014 in comparison to the prior year as a result of a pair of distinct tax adjustments. Income taxes in the fourth quarter of 2014 included the recognition of a tax benefit for a portion of the Company’s capital loss carryforwards of $4.8 million. These capital loss carryforwards were previously offset by a valuation allowance associated with expected limitations on the utilization of these assumed capital losses. In addition, as previously discussed in Note 1, with the exception of Terphane, the Company accrues U.S. federal income taxes to the extent required under U.S. GAAP on unremitted earnings from foreign operations. As a result of changes in the underlying basis of certain foreign subsidiaries, income taxes from continuing operations in 2014 included an adjustment of $2.2 million in the fourth quarter, $1.7 million of which is a correction to prior years, to reverse previously accrued deferred tax liabilities accumulated over several years arising from changes in tax basis due to foreign currency translation adjustments and unremitted earnings. The corresponding prior period changes in the underlying basis of certain foreign subsidiaries primarily occurred before 2010, and the prior period components are not considered material to any period presented.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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