XML 45 R28.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2021 and 2020:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2021						2020						2021						2020
Net Sales
Aluminum Extrusions			$	139,281					$	106,058					$	257,405					$	223,945
PE Films			31,430						40,203						59,384						77,004
Flexible Packaging Films			33,374						34,104						65,895						64,678
Total net sales			204,085						180,365						382,684						365,627
Add back freight			7,044						5,894						13,267						12,769
Sales as shown in the consolidated statements of income			$	211,129					$	186,259					$	395,951					$	378,396
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			$	19,723					$	13,279					$	33,024					$	24,956
Depreciation & amortization			(4,032)						(4,267)						(8,162)						(8,380)
EBIT			15,691						9,012						24,862						16,576
Plant shutdowns, asset impairments, restructurings and other			(246)						(1,230)						(63)						(1,918)
Goodwill impairment			—						—						—						(13,696)
PE Films:
Ongoing operations:
EBITDA			9,001						15,471						16,213						27,884
Depreciation & amortization			(1,671)						(1,589)						(3,090)						(3,083)
EBIT			7,330						13,882						13,123						24,801
Plant shutdowns, asset impairments, restructurings and other			(151)						(139)						(275)						(167)
Flexible Packaging Films:
Ongoing operations:
EBITDA			8,277						6,495						17,901						13,048
Depreciation & amortization			(506)						(436)						(972)						(864)
EBIT			7,771						6,059						16,929						12,184
Plant shutdowns, asset impairments, restructurings and other			8,452						(10)						8,414						(10)
Total			38,847						27,574						62,990						37,770
Interest income			25						5						32						32
Interest expense			891						549						1,713						1,104
Gain (loss) on investment in kaléo accounted for under fair value method			200						1,300						918						(24,800)
Stock option-based compensation costs			675						683						1,144						1,258
Corporate expenses, net			11,055						9,455						21,917						19,338
Income (loss) from continuing operations before income taxes			26,451						18,192						39,166						(8,698)
Income tax expense (benefit)			5,723						3,860						8,820						(2,366)
Income (loss) from continuing operations			20,728						14,332						30,346						(6,332)
Income (loss) from discontinued operations, net of tax			508						(3,136)						(79)						(4,794)
Net income (loss)			$	21,236					$	11,196					$	30,267					$	(11,126)

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at June 30, 2021 and December 31, 2020:

(In thousands)			June 30, 2021						December 31, 2020
Aluminum Extrusions			$	267,436					$	244,560
PE Films			114,530						119,013
Flexible Packaging Films			76,411						66,453
Subtotal			458,377						430,026
General corporate			58,538						71,508
Cash and cash equivalents			18,298						11,846
Discontinued operations			302						1,490
Total			$	535,515					$	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 and six months ended June 30, 2021 and 2020:

Net Sales by Geographic Area (a)
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2021						2020						2021						2020
United States			$	156,719					$	130,636					$	289,616					$	265,620
Exports from the United States to:
Asia			17,158						23,495						30,520						45,561
Latin America			1,358						502						2,460						1,488
Canada			4,604						1,530						10,038						6,159
Europe			1,025						1,487						1,980						2,804
Operations outside the United States:
Brazil			23,221						22,715						48,070						43,995
Total			$	204,085					$	180,365					$	382,684					$	365,627
(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 $10.8 million and $10.0 million in the second quarters of 2021 and 2020, respectively, and $17.7 million and $19.3 million in the first six months of 2021 and 2020, respectively.

Net Sales by Product Group
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2021						2020						2021						2020
Aluminum Extrusions:
Nonresidential building & construction			$	70,122					$	64,726					$	127,350					$	127,865
Consumer durables			13,586						7,782						26,738						20,331
Automotive			11,185						5,572						22,600						15,043
Residential building & construction			13,893						9,052						26,601						18,867
Electrical			9,572						4,775						16,752						12,014
Machinery & equipment			10,654						7,630						19,579						15,566
Distribution			10,269						6,521						17,785						14,259
Subtotal			139,281						106,058						257,405						223,945
PE Films:
Surface protection films			24,490						31,699						45,091						60,052
Packaging			6,940						5,449						14,293						12,219
LED lighting products			—						3,055						—						4,733
Subtotal			31,430						40,203						59,384						77,004
Flexible Packaging Films			33,374						34,104						65,895						64,678
Total			$	204,085					$	180,365					$	382,684					$	365,627

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