The Company’s business segments are PE Films, Flexible Packaging Films 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 and nine months ended September 30, 2018 and 2017:



	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2018			2017			2018			2017
Net Sales
PE Films	$	76,470		$	89,723		$	252,177		$	265,773
Flexible Packaging Films	33,725			26,628			90,466			79,925
Aluminum Extrusions	147,661			122,149			420,455			344,956
Total net sales	257,856			238,500			763,098			690,654
Add back freight	9,438			8,621			26,667			24,840
Sales as shown in the Consolidated Statements of Income	$	267,294		$	247,121		$	789,765		$	715,494
Operating Profit (Loss)
PE Films:
Ongoing operations	$	4,145		$	11,251		$	26,857		$	30,965
Plant shutdowns, asset impairments, restructurings and other	(2,355		)	(919		)	(4,542		)	(3,890		)
Goodwill impairment charge	(46,792		)	—			(46,792		)	—
Flexible Packaging Films:
Ongoing operations	3,609			(1,074		)	6,617			(3,392		)
Plant shutdowns, asset impairments, restructurings and other	—			—			—			11,856
Aluminum Extrusions:
Ongoing operations	11,730			12,601			35,086			34,201
Plant shutdowns, asset impairments, restructurings and other	(297		)	(377		)	(396		)	(3,147		)
Total	(29,960		)	21,482			16,830			66,593
Interest income	6			42			290			171
Interest expense	1,318			1,757			4,539			4,579
Gain (loss) on investment in kaléo accounted for under fair value method	(2,100		)	—			11,900			24,800
Unrealized loss on investment property	(186		)	—			(186		)	—
Stock option-based compensation costs	415			111			806			153
Corporate expenses, net	6,926			6,960			21,668			20,985
Income (loss) before income taxes	(40,899		)	12,696			1,821			65,847
Income taxes (benefit)	(6,699		)	4,422			3,135			9,667
Net income (loss)	$	(34,200	)	$	8,274		$	(1,314	)	$	56,180

The following table presents identifiable assets by segment at September 30, 2018 and December 31, 2017:



(In thousands)	September 30, 2018		December 31, 2017
PE Films	$	231,106	$	289,514
Flexible Packaging Films	53,661		49,915
Aluminum Extrusions	277,810		268,127
Subtotal	562,577		607,556
General corporate	91,583		111,696
Cash and cash equivalents	36,776		36,491
Total	$	690,936	$	755,743

The following tables disaggregate the Company’s revenue by geographic area and product group for the three and nine months ended September 30, 2018 and 2017:



Net Sales by Geographic Area (b)
	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands)	2018		2017		2018		2017^(c)
United States	$	176,022	$	150,154	$	506,769	$	434,766
Exports from the United States to:
Asia	14,893		21,507		57,370		61,394
Canada	13,451		11,253		40,988		35,855
Europe	1,608		2,193		5,127		6,826
Latin America	3,104		3,841		9,810		11,562
Operations outside the United States:
Brazil	26,591		22,030		73,402		64,682
The Netherlands	11,428		15,691		34,750		41,378
Hungary	7,987		6,331		25,324		17,660
China	2,376		3,061		6,342		9,176
India	396		2,439		3,216		7,355
Total (a)	$	257,856	$	238,500	$	763,098	$	690,654



Net Sales by Product Group
	Three Months Ended September 30,		Nine Months Ended September 30,
(In thousands)	2018	2017	2018	2017^(c)
PE Films:
Personal care materials	57,356	63,574	174,985	187,661
Surface protection films	17,193	24,368	71,926	72,805
LED lighting products & other films	1,921	1,781	5,266	5,307
Subtotal	76,470	89,723	252,177	265,773
Flexible Packaging Films	33,725	26,628	90,466	79,925
Aluminum Extrusions:
Nonresidential building & construction	75,870	63,187	213,500	177,534
Consumer durables	14,991	14,105	47,300	39,871
Distribution	9,148	7,182	32,109	23,024
Automotive	13,205	9,682	33,992	29,947
Residential building & construction	11,163	10,327	32,976	29,855
Machinery & equipment	11,191	8,430	30,335	23,975
Electrical	12,093	9,236	30,243	20,750
Subtotal	147,661	122,149	420,455	344,956
Total (a)	257,856	238,500	763,098	690,654

See a reconciliation of net sales to sales as shown in the Condensed Consolidated Statements of Income on the previous page.


(a)	The difference between total consolidated sales as reported in the consolidated statements of income and segment, geographic and product group net sales reported in this note is freight of $9.4 million and $26.7 million in the three months and nine months ended September 30, 2018 and $8.6 million and $24.8 million in the three months and nine months ended September 30, 2017, respectively.

(b)

Export sales relate primarily to PE Films. Operations outside the U.S. in The Netherlands, Hungary, China and India also relate to PE Films. Operations in Brazil are primarily related to Flexible Packaging Films, but also include PE Films operations. Sales from locations in The Netherlands and Hungary are primarily to customers located in Europe. Sales from locations in China (Guangzhou and Shanghai) are primarily to customers located in China, but also include other customers in Asia.


(c)	As disclosed in Note 1, prior period amounts have not been adjusted under the modified retrospective method.