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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2019
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 months ended September 30, 2019 and 2018:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2019
 
2018
 
2019
 
2018
Net Sales
 
 
 
 
 
 
 
Aluminum Extrusions
$
129,506

 
$
147,661

 
$
405,310

 
$
420,455

PE Films
69,837

 
76,470

 
205,778

 
252,177

Flexible Packaging Films
34,888

 
33,725

 
101,950

 
90,466

Total net sales
234,231

 
257,856

 
713,038

 
763,098

Add back freight
8,986

 
9,438

 
26,893

 
26,667

Sales as shown in the Consolidated Statements of Income
$
243,217

 
$
267,294

 
$
739,931

 
$
789,765

Operating Profit (Loss)
 
 
 
 
 
 
 
Aluminum Extrusions:
 
 
 
 
 
 
 
Ongoing operations
$
12,147

 
$
11,730

 
$
38,751

 
$
35,086

Plant shutdowns, asset impairments, restructurings and other
(610
)
 
(297
)
 
(667
)
 
(396
)
Trade name accelerated amortization
(2,510
)
 

 
(2,510
)
 

PE Films:
 
 
 
 
 
 
 
Ongoing operations
6,889

 
4,145

 
17,606

 
26,857

Plant shutdowns, asset impairments, restructurings and other
3,834

 
(2,355
)
 
933

 
(4,542
)
       Goodwill impairment charge

 
(46,792
)
 

 
(46,792
)
Flexible Packaging Films:
 
 
 
 
 
 
 
Ongoing operations
4,000

 
3,609

 
9,376

 
6,617

Plant shutdowns, asset impairments, restructurings and other

 

 

 

Total
23,750

 
(29,960
)
 
63,489

 
16,830

Interest income
56

 
6

 
163

 
290

Interest expense
859

 
1,318

 
3,354

 
4,539

Gain (loss) on investment in kaléo accounted for under fair value method
4,300

 
(2,100
)
 
28,482

 
11,900

Unrealized loss on investment property

 
186

 

 
186

Stock option-based compensation costs
807

 
415

 
2,121

 
806

Corporate expenses, net
9,350

 
6,926

 
26,840

 
21,668

Income (loss) before income taxes
17,090

 
(40,899
)
 
59,819

 
1,821

Income tax expense (benefit)
(43
)
 
(6,699
)
 
8,424

 
3,135

Net income (loss)
$
17,133

 
$
(34,200
)
 
$
51,395

 
$
(1,314
)
Schedule Of Identifiable Assets By Segment
The following table presents identifiable assets by segment at September 30, 2019 and December 31, 2018:
(In thousands)
September 30, 2019
 
December 31, 2018
Aluminum Extrusions
$
282,932

 
$
281,372

PE Films
230,236

 
231,720

Flexible Packaging Films
58,965

 
58,964

Subtotal
572,133

 
572,056

General corporate
114,149

 
100,920

Cash, cash equivalents and restricted cash
44,652

 
34,397

Total
$
730,934

 
$
707,373