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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment | Information by business segment and geographic area for the last three years is provided in the segment tables below. There were no accounting transactions between segments and no allocations to segments.
Net Sales
(In thousands) | 2022 |  | 2021 |  | 2020
Aluminum Extrusions | $ | 637,872 |  |  | $ | 539,325 |  |  | $ | 455,711 |
PE Films | 97,571 |  |  | 118,920 |  |  | 139,288 |
Flexible Packaging Films | 168,139 |  |  | 139,978 |  |  | 134,605 |
Total net sales | 903,582 |  |  | 798,223 |  |  | 729,604 |
Add back freight | 34,982 |  |  | 28,232 |  |  | 25,686 |
Sales as shown in consolidated statements of income | $ | 938,564 |  |  | $ | 826,455 |  |  | $ | 755,290 |
Refer to Notes to Financial Tables that follow these tables.
EBITDA from Ongoing Operations
(In thousands) | 2022 |  | 2021 |  | 2020
Aluminum Extrusions: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | $ | 66,800 |  |  | $ | 55,948 |  |  | $ | 55,137 |
Depreciation & amortization | (17,414) |  |  | (16,272) |  |  | (17,403) |
EBIT | 49,386 |  |  | 39,676 |  |  | 37,734 |
Plant shutdowns, asset impairments, restructurings and other (a) | (310) |  |  | 3,237 |  |  | (3,506) |
Goodwill impairment charge | — |  |  | — |  |  | (13,696) |
PE Films: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | 11,949 |  |  | 27,694 |  |  | 45,107 |
Depreciation & amortization | (6,280) |  |  | (6,263) |  |  | (6,762) |
EBIT | 5,669 |  |  | 21,431 |  |  | 38,345 |
Plant shutdowns, asset impairments, restructurings and other (a) | (646) |  |  | (371) |  |  | (1,974) |
Flexible Packaging Films: |  |  |  |  |
Ongoing operations: |  |  |  |  |
EBITDA | 27,452 |  |  | 31,684 |  |  | 30,645 |
Depreciation & amortization | (2,444) |  |  | (1,988) |  |  | (1,761) |
EBIT | 25,008 |  |  | 29,696 |  |  | 28,884 |
Plant shutdowns, asset impairments, restructurings and other (a) | (91) |  |  | 8,439 |  |  | (18) |
Total | 79,016 |  |  | 102,108 |  |  | 85,769 |
Interest income | 57 |  |  | 73 |  |  | 44 |
Interest expense | 4,990 |  |  | 3,386 |  |  | 2,587 |
Gain (loss) on investment in kaléo (a) | 1,406 |  |  | 12,780 |  |  | (60,900) |
Loss on sale of Bright View (a) | — |  |  | — |  |  | (2,299) |
Stock option-based compensation expense | 1,424 |  |  | 2,495 |  |  | 2,161 |
Corporate expenses, net (a) | 41,295 |  |  | 41,859 |  |  | 42,912 |
Income (loss) from continuing operations before income taxes | 32,770 |  |  | 67,221 |  |  | (25,046) |
Income tax expense (benefit) (a) | 4,389 |  |  | 9,284 |  |  | (8,213) |
Income (loss) from continuing operations | 28,381 |  |  | 57,937 |  |  | (16,833) |
Income (loss) from discontinued operations, net of tax (a) | 74 |  |  | (111) |  |  | (58,611) |
Net income (loss) | $ | 28,455 |  |  | $ | 57,826 |  |  | $ | (75,444) |
Schedule Of Identifiable Assets |
Identifiable Assets
(In thousands) | 2022 |  | 2021
Aluminum Extrusions | $ | 293,308 |  |  | $ | 280,521 |
PE Films | 102,431 |  |  | 113,613 |
Flexible Packaging Films | 103,448 |  |  | 75,269 |
Subtotal | 499,187 |  |  | 469,403 |
General corporate | 23,674 |  |  | 23,482 |
Cash and cash equivalents (b) | 19,232 |  |  | 30,521 |
Discontinued operations | — |  |  | 178 |
Total | $ | 542,093 |  |  | $ | 523,584 |
Schedule Of Depreciation And Amortization, Capital Expenditures |
| Depreciation and Amortization |  | Capital Expenditures
(In thousands) | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Aluminum Extrusions | $ | 17,414 |  |  | $ | 15,326 |  |  | $ | 17,403 |  |  | $ | 23,664 |  |  | $ | 18,914 |  |  | $ | 10,260 |
PE Films | 6,280 |  |  | 6,263 |  |  | 6,762 |  |  | 3,289 |  |  | 2,997 |  |  | 6,024 |
Flexible Packaging Films | 2,444 |  |  | 1,988 |  |  | 1,761 |  |  | 8,151 |  |  | 5,603 |  |  | 4,959 |
Subtotal | 26,138 |  |  | 23,577 |  |  | 25,926 |  |  | 35,104 |  |  | 27,514 |  |  | 21,243 |
General corporate (d) | 264 |  |  | 207 |  |  | 520 |  |  | 1,771 |  |  | (153) |  |  | 200 |
Discontinued operations | — |  |  | — |  |  | 5,511 |  |  | — |  |  | — |  |  | 1,912 |
Total | $ | 26,402 |  |  | $ | 23,784 |  |  | $ | 31,957 |  |  | $ | 36,875 |  |  | $ | 27,361 |  |  | $ | 23,355 |
Schedule Of Net Sales By Geographic Area |
Net Sales by Geographic Area (c)
(In thousands) | 2022 |  | 2021 |  | 2020
United States | $ | 717,049 |  |  | $ | 614,987 |  |  | $ | 530,243 |
Exports from the United States to: |  |  |  |  |
Asia | 41,995 |  |  | 59,242 |  |  | 80,217 |
Canada | 15,264 |  |  | 17,776 |  |  | 18,024 |
Europe | 3,885 |  |  | 4,489 |  |  | 5,440 |
Latin America | 6,867 |  |  | 4,937 |  |  | 2,169 |
Operations outside the United States: |  |  |  |  |
Brazil | 117,896 |  |  | 96,792 |  |  | 93,511 |
Asia | 626 |  |  | — |  |  | — |
Total | $ | 903,582 |  |  | $ | 798,223 |  |  | $ | 729,604 |
Schedule Of Identifiable Assets By Geographic Area, Property, Plant & Equipment, Net By Geographic Area |
| Identifiable Assets by Geographic Area (c) |  | Property, Plant & Equipment, Net by Geographic Area (c)
(In thousands) | 2022 |  | 2021 |  | 2022 |  | 2021
United States | $ | 413,512 |  |  | $ | 398,749 |  |  | $ | 146,437 |  |  | $ | 135,310 |
Operations outside the United States: |  |  |  |  |  |  |
Brazil | 72,725 |  |  | 54,299 |  |  | 25,385 |  |  | 18,615 |
China | 12,950 |  |  | 16,355 |  |  | 11,903 |  |  | 14,889 |
General corporate | 23,674 |  |  | 23,482 |  |  | 2,686 |  |  | 1,567 |
Cash and cash equivalents (b) | 19,232 |  |  | 30,521 |  |  | n/a |  | n/a
Discontinued operations | — |  |  | 178 |  |  | — |  |  | — |
Total | $ | 542,093 |  |  | $ | 523,584 |  |  | $ | 186,411 |  |  | $ | 170,381 |
Schedule Of Net Sales By Product Group |
Net Sales by Product Group
(In thousands) | 2022 |  | 2021 |  | 2020
Aluminum Extrusions: |  |  |  |  |
Nonresidential building & construction | $ | 338,981 |  |  | $ | 269,252 |  |  | $ | 253,126 |
Consumer durables | 62,541 |  |  | 53,578 |  |  | 44,167 |
Automotive | 51,286 |  |  | 43,256 |  |  | 35,895 |
Machinery & equipment | 63,326 |  |  | 42,721 |  |  | 30,649 |
Distribution | 29,732 |  |  | 45,639 |  |  | 28,339 |
Residential building & construction | 64,268 |  |  | 52,236 |  |  | 40,049 |
Electrical | 27,738 |  |  | 32,643 |  |  | 23,486 |
Subtotal | 637,872 |  |  | 539,325 |  |  | 455,711 |
PE Films: |  |  |  |  |
Surface protection films | 68,140 |  |  | 88,436 |  |  | 109,097 |
Packaging | 29,431 |  |  | 30,484 |  |  | 22,700 |
LED-based products | — |  |  | — |  |  | 7,491 |
Subtotal | 97,571 |  |  | 118,920 |  |  | 139,288 |
Flexible Packaging Films | 168,139 |  |  | 139,978 |  |  | 134,605 |
Total | $ | 903,582 |  |  | $ | 798,223 |  |  | $ | 729,604 |
(a)See Notes 5, 9, 12 and 15 for more information on losses associated with plant shutdowns, asset impairments and restructurings, unusual items, gains or losses from sale of assets, gains or losses on an investment accounted for under the fair value method and other items. (b)Cash and cash equivalents includes funds held in locations outside the U.S. of $10.3 million and $16.4 million at December 31, 2022 and 2021, respectively. (c)Export sales relate mostly to PE Films. Operations in Brazil relate to Flexible Packaging Films. (d)Corporate depreciation and amortization are included in Corporate expenses, net, on the EBITDA from ongoing operations table above.

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