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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

The following table presents net sales and EBITDA from ongoing operations by segment for the three months ended March 31, 2020 and 2019:

			Three Months Ended March 31,
(In thousands)			2020						2019
Net Sales
Aluminum Extrusions			$	117,887					$	139,047
PE Films			71,261						66,779
Flexible Packaging Films			30,574						33,619
Total net sales			219,722						239,445
Add back freight			8,580						9,021
Sales as shown in the Consolidated Statements of Income			$	228,302					$	248,466
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			11,677						16,166
Depreciation & amortization			(4,113)						(4,081)
EBIT			7,564						12,085
Plant shutdowns, asset impairments, restructurings and other (a)			(688)						(40)
Goodwill impairment			(13,696)						—
PE Films:
Ongoing operations:
EBITDA			14,189						6,543
Depreciation & amortization			(3,724)						(3,592)
EBIT			10,465						2,951
Plant shutdowns, asset impairments, restructurings and other (a)			(906)						(1,378)
Flexible Packaging Films:
Ongoing operations:
EBITDA			6,553						3,203
Depreciation & amortization			(428)						(344)
EBIT			6,125						2,859
Total			8,864						16,477
Interest income			52						59
Interest expense			555						1,232
Gain (loss) on investment in kaléo accounted for under fair value method			(26,100)						17,082
Stock option-based compensation costs			584						415
Corporate expenses, net			10,538						8,160
Income (loss) before income taxes			(28,861)						23,811
Income tax expense (benefit)			(6,540)						4,026
Net income (loss)			$	(22,321)					$	19,785

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at March 31, 2020 and December 31, 2019:

(In thousands)			March 31, 2020						December 31, 2019
Aluminum Extrusions			$	252,844					$	265,027
PE Films			224,987						230,415
Flexible Packaging Films			65,869						74,016
Subtotal			543,700						569,458
General corporate			84,427						111,788
Cash and cash equivalents			35,059						31,422
Total			$	663,186					$	712,668

Disaggregation of Revenue [Table Text Block]

The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2020 and 2019:

Net Sales by Geographic Area (a)
						Three Months Ended March 31,
(In thousands)									2020						2019
United States									$	146,183					$	172,254
Exports from the United States to:
Asia									22,164						13,493
Latin America									3,134						2,867
Canada									4,898						3,605
Europe									1,501						1,360
Operations outside the United States:
Brazil									25,948						28,138
The Netherlands									7,885						9,587
Hungary									6,604						6,834
India									1,405						1,077
China									—						230
Total									$	219,722					$	239,445

Net Sales by Product Group
						Three Months Ended March 31,
(In thousands)									2020						2019
Aluminum Extrusions:
Nonresidential building & construction									$	63,139					$	69,638
Consumer durables									12,549						15,545
Automotive									9,471						12,627
Residential building & construction									9,815						11,672
Electrical									7,239						11,069
Machinery & equipment									7,936						9,923
Distribution									7,738						8,573
Subtotal									117,887						139,047
PE Films:
Personal care materials									41,230						44,855
Surface protection films									28,353						19,888
LED lighting products & other films									1,678						2,036
Subtotal									71,261						66,779
Flexible Packaging Films									30,574						33,619
									$	219,722					$	239,445

(a) 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

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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-Publisher FASB
-Name Accounting Standards Codification
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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