XML 45 R28.htm IDEA: XBRL DOCUMENT v3.21.1

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021 and 2020:

									Three Months Ended March 31,
(In thousands)															2021						2020
Net Sales
Aluminum Extrusions															$	118,125					$	117,887
PE Films															27,953						36,800
Flexible Packaging Films															32,521						30,574
Total net sales															178,599						185,261
Add back freight															6,223						6,875
Sales as shown in the consolidated statements of income															$	184,822					$	192,136
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA															$	13,302					$	11,677
Depreciation & amortization															(4,130)						(4,113)
EBIT															9,172						7,564
Plant shutdowns, asset impairments, restructurings and other															183						(688)
Goodwill impairment															—						(13,696)
PE Films:
Ongoing operations:
EBITDA															7,213						12,413
Depreciation & amortization															(1,420)						(1,494)
EBIT															5,793						10,919
Plant shutdowns, asset impairments, restructurings and other															(124)						(28)
Flexible Packaging Films:
Ongoing operations:
EBITDA															9,623						6,553
Depreciation & amortization															(466)						(428)
EBIT															9,157						6,125
Plant shutdowns, asset impairments, restructurings and other															(38)						—
Total															24,143						10,196
Interest income															7						27
Interest expense															822						555
Gain (loss) on investment in kaléo accounted for under fair value method															718						(26,100)
Stock option-based compensation costs															468						566
Corporate expenses, net															10,863						9,891
Income (loss) from continuing operations before income taxes															12,715						(26,889)
Income tax expense (benefit)															3,097						(6,226)
Income (loss) from continuing operations															9,618						(20,663)
Income (loss) from discontinued operations, net of tax															(587)						(1,658)
Net income (loss)															$	9,031					$	(22,321)

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at March 31, 2021 and December 31, 2020:

(In thousands)			March 31, 2021						December 31, 2020
Aluminum Extrusions			$	254,197					$	244,560
PE Films			118,755						119,013
Flexible Packaging Films			59,680						66,453
Subtotal			432,632						430,026
General corporate			64,577						71,508
Cash and cash equivalents			21,859						11,846
Discontinued operations			3,436						1,490
Total			$	522,504					$	514,870

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, 2021 and 2020:

Net Sales by Geographic Area (a)
									Three Months Ended March 31,
(In thousands)															2021						2020
United States															$	132,897					$	134,985
Exports from the United States to:
Asia															13,362						22,064
Latin America															1,102						986
Canada															5,434						4,629
Europe															955						1,317
Operations outside the United States:
Brazil															24,849						21,280
Total															$	178,599					$	185,261
(a) Export sales relate entirely to PE Films. Operations in Brazil are related to Flexible Packaging Films.

The Company’s facilities in Pottsville, PA (“PV”) and Guangzhou, China (“GZ”) have a tolling arrangement whereby certain surface protection films are manufactured in GZ for a fee with raw materials supplied from PV that are then shipped by GZ directly to customers principally in the Asian market, but paid by customers directly to PV. Amounts associated with this intercompany tolling arrangement are reported in the table above as export sales from the U.S. to Asia, and include net sales of $6.9 million and $9.3 million in the first quarters of 2021 and 2020, respectively.

Net Sales by Product Group
									Three Months Ended March 31,
(In thousands)															2021						2020
Aluminum Extrusions:
Nonresidential building & construction															$	57,229					$	63,139
Consumer durables															13,152						12,549
Automotive															11,415						9,471
Residential building & construction															12,708						9,815
Electrical															7,180						7,239
Machinery & equipment															8,925						7,936
Distribution															7,516						7,738
Subtotal															118,125						117,887
PE Films:
Surface protection films															20,601						28,353
Packaging															7,352						6,769
LED lighting products															—						1,678
Subtotal															27,953						36,800
Flexible Packaging Films															32,521						30,574
Total															$	178,599					$	185,261

X

- Definition

Schedule of identifiable assets by segment.

+ References

No definition available.

+ Details

Name:	tg_ScheduleOfIdentifiableAssetsBySegment
Namespace Prefix:	tg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration