XML 46 R30.htm IDEA: XBRL DOCUMENT v3.22.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 and 2021:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2022						2021						2022						2021
Net Sales
Aluminum Extrusions			$	190,308					$	139,281					$	348,417					$	257,405
PE Films			31,424						31,430						62,555						59,384
Flexible Packaging Films			41,595						33,374						80,839						65,895
Total net sales			263,327						204,085						491,811						382,684
Add back freight			11,036						7,044						19,118						13,267
Sales as shown in the condensed consolidated statements of income			$	274,363					$	211,129					$	510,929					$	395,951
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			$	21,895					$	19,723					$	45,814					$	33,024
Depreciation & amortization			(4,169)						(4,032)						(8,430)						(8,162)
EBIT			17,726						15,691						37,384						24,862
Plant shutdowns, asset impairments, restructurings and other			16						(246)						(89)						(63)
PE Films:
Ongoing operations:
EBITDA			7,065						9,001						14,112						16,213
Depreciation & amortization			(1,559)						(1,671)						(3,154)						(3,090)
EBIT			5,506						7,330						10,958						13,123
Plant shutdowns, asset impairments, restructurings and other			(50)						(151)						(153)						(275)
Flexible Packaging Films:
Ongoing operations:
EBITDA			7,631						8,277						12,665						17,901
Depreciation & amortization			(583)						(506)						(1,132)						(972)
EBIT			7,048						7,771						11,533						16,929
Plant shutdowns, asset impairments, restructurings and other			(37)						8,452						(80)						8,414
Total			30,209						38,847						59,553						62,990
Interest income			3						25						32						32
Interest expense			1,234						891						2,020						1,713
Gain on investment in kaléo			1,406						200						1,406						918
Stock option-based compensation costs			251						675						882						1,144
Corporate expenses, net			9,789						11,055						20,510						21,917
Income (loss) from continuing operations before income taxes			20,344						26,451						37,579						39,166
Income tax expense (benefit)			5,556						5,723						6,334						8,820
Income (loss) from continuing operations			14,788						20,728						31,245						30,346
Income (loss) from discontinued operations, net of tax			81						508						47						(79)
Net income (loss)			$	14,869					$	21,236					$	31,292					$	30,267

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at June 30, 2022 and December 31, 2021:

(In thousands)			June 30, 2022						December 31, 2021
Aluminum Extrusions			$	318,534					$	280,521
PE Films			115,797						113,613
Flexible Packaging Films			92,060						75,269
Subtotal			526,391						469,403
General corporate			17,810						23,482
Cash and cash equivalents			27,462						30,521
Discontinued operations			151						178
Total			$	571,814					$	523,584

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, 2022 and 2021:

Net Sales by Geographic Area (a)
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2022						2021						2022						2021
United States			$	213,955					$	156,719					$	396,092					$	289,616
Exports from the United States to:
Asia			14,680						17,158						27,145						30,520
Latin America			1,245						1,358						2,686						2,460
Canada			4,173						4,604						8,366						10,038
Europe			1,085						1,025						2,448						1,980
Operations outside the United States:
Brazil			28,189						23,221						55,074						48,070
Total			$	263,327					$	204,085					$	491,811					$	382,684
(a) Export sales relate entirely to PE Films. Operations in Brazil relate entirely 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 $5.3 million and $10.8 million in the second quarters of 2022 and 2021, respectively, and $11.7 million and $17.7 million in the first six months of 2022 and 2021, respectively.

Net Sales by Product Group
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2022						2021						2022						2021
Aluminum Extrusions:
Nonresidential building & construction			$	99,302					$	70,122					$	180,223					$	127,350
Consumer durables			18,805						13,586						35,695						26,738
Automotive			14,473						11,185						28,314						22,600
Residential building & construction			20,948						13,893						37,413						26,601
Electrical			9,687						9,572						16,974						16,752
Machinery & equipment			15,929						10,654						28,874						19,579
Distribution			11,164						10,269						20,924						17,785
Subtotal			190,308						139,281						348,417						257,405
PE Films:
Surface protection films			23,674						24,490						45,822						45,091
Packaging			7,750						6,940						16,733						14,293
Subtotal			31,424						31,430						62,555						59,384
Flexible Packaging Films			41,595						33,374						80,839						65,895
Total			$	263,327					$	204,085					$	491,811					$	382,684

X

- Definition

Schedule of identifiable assets by segment.

+ References

No definition available.

+ Details

Name:	tg_ScheduleOfIdentifiableAssetsBySegmentTableTextBlock
Namespace Prefix:	tg_
Data Type:	dtr-types: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=123351226&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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=123359005&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=123359005&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=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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