XML 47 R30.htm IDEA: XBRL DOCUMENT
v3.21.2

Segment Reporting (Tables) | 9 Months Ended
--- | ---
Sep. 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 nine months ended September 30, 2021 and 2020:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Net Sales |  |  |  |  |  |  |
Aluminum Extrusions | $ | 137,086 |  |  | $ | 115,621 |  |  | $ | 394,492 |  |  | $ | 339,566 |
PE Films | 28,501 |  |  | 26,440 |  |  | 87,885 |  |  | 103,444 |
Flexible Packaging Films | 36,666 |  |  | 35,856 |  |  | 102,560 |  |  | 100,534 |
Total net sales | 202,253 |  |  | 177,917 |  |  | 584,937 |  |  | 543,544 |
Add back freight | 7,264 |  |  | 6,453 |  |  | 20,531 |  |  | 19,222 |
Sales as shown in the consolidated statements of income | $ | 209,517 |  |  | $ | 184,370 |  |  | $ | 605,468 |  |  | $ | 562,766 |
EBITDA from Ongoing Operations |  |  |  |  |  |  |
Aluminum Extrusions: |  |  |  |  |  |  |
Ongoing operations: |  |  |  |  |  |  |
EBITDA | $ | 12,038 |  |  | $ | 16,540 |  |  | $ | 45,062 |  |  | $ | 41,496 |
Depreciation & amortization | (3,900) |  |  | (4,251) |  |  | (12,062) |  |  | (12,632) |
EBIT | 8,138 |  |  | 12,289 |  |  | 33,000 |  |  | 28,864 |
Plant shutdowns, asset impairments, restructurings and other | (160) |  |  | (720) |  |  | (223) |  |  | (2,637) |
Goodwill impairment | — |  |  | — |  |  | — |  |  | (13,696) |
PE Films: |  |  |  |  |  |  |
Ongoing operations: |  |  |  |  |  |  |
EBITDA | 4,821 |  |  | 6,041 |  |  | 21,035 |  |  | 33,928 |
Depreciation & amortization | (1,591) |  |  | (1,785) |  |  | (4,681) |  |  | (4,868) |
EBIT | 3,230 |  |  | 4,256 |  |  | 16,354 |  |  | 29,060 |
Plant shutdowns, asset impairments, restructurings and other | (182) |  |  | (56) |  |  | (457) |  |  | (225) |
Flexible Packaging Films: |  |  |  |  |  |  |
Ongoing operations: |  |  |  |  |  |  |
EBITDA | 7,396 |  |  | 9,546 |  |  | 25,296 |  |  | 22,594 |
Depreciation & amortization | (493) |  |  | (443) |  |  | (1,466) |  |  | (1,306) |
EBIT | 6,903 |  |  | 9,103 |  |  | 23,830 |  |  | 21,288 |
Plant shutdowns, asset impairments, restructurings and other | (7) |  |  | (3) |  |  | 8,407 |  |  | (14) |
Total | 17,922 |  |  | 24,869 |  |  | 80,911 |  |  | 62,640 |
Interest income | 8 |  |  | 11 |  |  | 40 |  |  | 43 |
Interest expense | 842 |  |  | 494 |  |  | 2,555 |  |  | 1,598 |
Gain (loss) on investment in kaléo accounted for under fair value method | 279 |  |  | (36,200) |  |  | 1,197 |  |  | (61,000) |
Stock option-based compensation costs | 675 |  |  | 518 |  |  | 1,819 |  |  | 1,786 |
Corporate expenses, net | 8,555 |  |  | 10,586 |  |  | 30,470 |  |  | 29,915 |
Income (loss) from continuing operations before income taxes | 8,137 |  |  | (22,918) |  |  | 47,304 |  |  | (31,616) |
Income tax expense (benefit) | 1,908 |  |  | (5,942) |  |  | 10,728 |  |  | (8,308) |
Income (loss) from continuing operations | 6,229 |  |  | (16,976) |  |  | 36,576 |  |  | (23,308) |
Income (loss) from discontinued operations, net of tax | (26) |  |  | (48,237) |  |  | (104) |  |  | (53,031) |
Net income (loss) | $ | 6,203 |  |  | $ | (65,213) |  |  | $ | 36,472 |  |  | $ | (76,339) |
Schedule Of Identifiable Assets By Segment | The following table presents identifiable assets by segment at September 30, 2021 and December 31, 2020:
(In thousands) | September 30, 2021 |  | December 31, 2020
Aluminum Extrusions | $ | 274,183 |  |  | $ | 244,560 |
PE Films | 111,690 |  |  | 119,013 |
Flexible Packaging Films | 72,626 |  |  | 66,453 |
Subtotal | 458,499 |  |  | 430,026 |
General corporate | 56,780 |  |  | 71,508 |
Cash and cash equivalents | 30,253 |  |  | 11,846 |
Discontinued operations | 302 |  |  | 1,490 |
Total | $ | 545,834 |  |  | $ | 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 nine months ended September 30, 2021 and 2020:
Net Sales by Geographic Area (a)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 157,969 |  |  | $ | 129,654 |  |  | $ | 447,585 |  |  | $ | 395,207 |
Exports from the United States to: |  |  |  |  |  |  |
Asia | 12,609 |  |  | 14,255 |  |  | 43,129 |  |  | 59,816 |
Latin America | 1,170 |  |  | 465 |  |  | 3,630 |  |  | 1,953 |
Canada | 4,107 |  |  | 7,200 |  |  | 14,145 |  |  | 13,359 |
Europe | 1,343 |  |  | 1,468 |  |  | 3,323 |  |  | 4,272 |
Operations outside the United States: |  |  |  |  |  |  |
Brazil | 25,055 |  |  | 24,875 |  |  | 73,125 |  |  | 68,937 |
Total | $ | 202,253 |  |  | $ | 177,917 |  |  | $ | 584,937 |  |  | $ | 543,544 |
(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 $7.4 million and $5.9 million in the third quarters of 2021 and 2020, respectively, and $25.0 million and $25.1 million in the first nine months of 2021 and 2020, respectively.
Net Sales by Product Group
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2021 |  | 2020 |  | 2021 |  | 2020
Aluminum Extrusions: |  |  |  |  |  |  |
Nonresidential building & construction | $ | 68,590 |  |  | $ | 62,611 |  |  | $ | 195,941 |  |  | $ | 190,476 |
Consumer durables | 12,873 |  |  | 11,160 |  |  | 39,611 |  |  | 31,491 |
Automotive | 10,150 |  |  | 10,332 |  |  | 32,750 |  |  | 25,375 |
Residential building & construction | 13,154 |  |  | 10,149 |  |  | 39,755 |  |  | 29,016 |
Electrical | 8,015 |  |  | 5,992 |  |  | 24,767 |  |  | 18,006 |
Machinery & equipment | 11,611 |  |  | 7,581 |  |  | 31,190 |  |  | 23,147 |
Distribution | 12,693 |  |  | 7,796 |  |  | 30,478 |  |  | 22,055 |
Subtotal | 137,086 |  |  | 115,621 |  |  | 394,492 |  |  | 339,566 |
PE Films: |  |  |  |  |  |  |
Surface protection films | 20,905 |  |  | 19,868 |  |  | 65,997 |  |  | 79,919 |
Packaging | 7,596 |  |  | 5,042 |  |  | 21,888 |  |  | 17,262 |
LED lighting products | — |  |  | 1,530 |  |  | — |  |  | 6,263 |
Subtotal | 28,501 |  |  | 26,440 |  |  | 87,885 |  |  | 103,444 |
Flexible Packaging Films | 36,666 |  |  | 35,856 |  |  | 102,560 |  |  | 100,534 |
Total | $ | 202,253 |  |  | $ | 177,917 |  |  | $ | 584,937 |  |  | $ | 543,544 |

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