Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Schedule Of Diluted Earnings Per Share Computed Using Weighted Average Common And Potentially Dilutive Common Equivalent Shares Outstanding

Diluted earnings per share is computed using the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows:



	2017	2016	2015
Weighted average shares outstanding used to compute basic earnings per share	32,945,961	32,761,793	32,578,116
Incremental shares attributable to stock options and restricted stock	5,327	13,279	—
Shares used to compute diluted earnings per share	32,951,288	32,775,072	32,578,116

Schedule Of Assumptions For Valuing Stock Options Granted

The assumptions used in this model for valuing Tredegar stock options granted in 2017 (no grants in 2015 and 2016) were as follows:



	2017
Dividend yield	1.9		%
Weighted average volatility percentage	38.3		%
Weighted average risk-free interest rate	1.8		%
Holding period (years):
Officers	5
Management	5
Weighted average exercise price at date of grant (also weighted average market price at date of grant):
Officers	$	15.65
Management	15.65

Schedule Of Stock Options Granted And Related Estimated Fair Value At Date Of Grant

Tredegar stock options granted during 2017 (no grants in 2015 and 2016), and related estimated fair value at the date of grant, are as follows:



	2017
Stock options granted (number of shares):
Officers	151,992
Management	57,559
Total	209,551
Estimated weighted average fair value of options per share at date of grant:
Officers	$	4.69
Management	4.69
Total estimated fair value of stock options granted (in thousands)	$	983

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the year ended December 31, 2017:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2017	$	(93,970	)	$	863		$	(90,127	)	$	(183,234	)
Other comprehensive income (loss) before reclassifications	7,792			538			(8,634		)	(304		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(942		)	7,811			6,869
Net other comprehensive income (loss) - current period	7,792			(404		)	(823		)	6,565
Ending balance, December 31, 2017	$	(86,178	)	$	459		$	(90,950	)	$	(176,669	)

The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the year ended December 31, 2016:



(In thousands)	Foreign currency translation adjustment			Gain (loss) on derivative financial instruments			Pension and other post-retirement benefit adjustments			Total
Beginning balance, January 1, 2016	$	(112,807	)	$	(373	)	$	(95,539	)	$	(208,719	)
Other comprehensive income (loss) before reclassifications	18,837			247			(3,288		)	15,796
Amounts reclassified from accumulated other comprehensive income (loss)	—			989			8,700			9,689
Net other comprehensive income (loss) - current period	18,837			1,236			5,412			25,485
Ending balance, December 31, 2016	$	(93,970	)	$	863		$	(90,127	)	$	(183,234	)

Reclassification out of Accumulated Other Comprehensive Income

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income during 2017 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (loss)
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	1,210		Cost of goods sold
Foreign currency forward contracts, before taxes	62			Cost of goods sold
Foreign currency forward contracts, before taxes	(43		)	Selling, general and administrative
Total, before taxes	1,229
Income tax expense (benefit)	287			Income taxes
Total, net of tax	$	942
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(12,045	)	(a)
Income tax expense (benefit)	(4,234		)	Income taxes
Total, net of tax	$	(7,811	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 13 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income during 2016 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	(1,630	)	Cost of goods sold
Foreign currency forward contracts, before taxes	62			Cost of goods sold
Total, before taxes	(1,568		)
Income tax expense (benefit)	(579		)	Income taxes
Total, net of tax	$	(989	)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(13,098	)	(a)
Income tax expense (benefit)	(4,398		)	Income taxes
Total, net of tax	$	(8,700	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 13 for additional detail).

Reclassifications of balances out of accumulated other comprehensive income (loss) into net income during 2015 are summarized as follows:



(In thousands)	Amount reclassified from other comprehensive income (loss)			Location of gain (loss) reclassified from accumulated other comprehensive income (loss) to net income
Gain (loss) on derivative financial instruments:
Aluminum future contracts, before taxes	$	(3,538	)	Cost of goods sold
Foreign currency forward contracts, before taxes	62			Cost of goods sold
Total, before taxes	(3,476		)
Income tax expense (benefit)	(1,284		)	Income taxes
Total, net of tax	$	(2,192	)
Amortization of pension and other post-retirement benefits:
Actuarial gain (loss) and prior service costs, before taxes	$	(16,041	)	(a)
Income tax expense (benefit)	(5,823		)	Income taxes
Total, net of tax	$	(10,218	)

(a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 13 for additional detail).