XML 48 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2016
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, 2016 and 2015:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In Thousands)
2016
 
2015
 
2016
 
2015
Net Sales
 
 
 
 
 
 
 
PE Films
$
82,179

 
$
93,943

 
$
251,473

 
$
292,259

Flexible Packaging Films
27,303

 
27,155

 
80,888

 
77,339

Aluminum Extrusions
91,067

 
94,812

 
269,987

 
286,660

Total net sales
200,549

 
215,910

 
602,348

 
656,258

Add back freight
7,153

 
7,862

 
21,221

 
22,930

Sales as shown in the Consolidated Statements of Income
$
207,702

 
$
223,772

 
$
623,569

 
$
679,188

Operating Profit
 
 
 
 
 
 
 
PE Films:
 
 
 
 
 
 
 
Ongoing operations
$
9,011

 
$
9,745

 
$
23,564

 
$
35,849

Plant shutdowns, asset impairments, restructurings and other
(1,187
)
 
(2,044
)
 
(3,678
)
 
(2,051
)
Flexible Packaging Films:
 
 
 
 
 
 
 
Ongoing operations
93

 
4,102

 
1,184

 
1,793

Plant shutdowns, asset impairments, restructurings and other

 

 

 
(185
)
Goodwill impairment charge

 
(44,465
)
 

 
(44,465
)
Aluminum Extrusions:
 
 
 
 
 
 
 
Ongoing operations
9,427

 
7,272

 
27,786

 
20,863

Plant shutdowns, asset impairments, restructurings and other
1,405

 
(331
)
 
840

 
(364
)
Total
18,749

 
(25,721
)
 
49,696

 
11,440

Interest income
70

 
76

 
158

 
247

Interest expense
886

 
901

 
2,918

 
2,679

Loss on investment accounted for under fair value method
(1,300
)
 

 
(200
)
 

Stock option-based compensation costs
31

 
73

 
24

 
571

Corporate expenses, net
7,223

 
6,722

 
22,110

 
25,632

Income (loss) before income taxes
9,379

 
(33,341
)
 
24,602

 
(17,195
)
Income taxes (benefit)
(2,669
)
 
3,382

 
1,864

 
9,064

Net income (loss)
$
12,048

 
$
(36,723
)
 
$
22,738

 
$
(26,259
)
Schedule Of Identifiable Assets By Segment
The following table presents identifiable assets by segment at September 30, 2016 and December 31, 2015:
(In Thousands)
September 30, 2016
 
December 31, 2015
PE Films
$
287,516

 
$
270,236

Flexible Packaging Films
157,069

 
146,253

Aluminum Extrusions
149,187

 
136,935

Subtotal
593,772

 
553,424

General corporate
33,642

 
25,680

Cash and cash equivalents
28,356

 
44,156

Total
$
655,770

 
$
623,260