XML 61 R42.htm IDEA: XBRL DOCUMENT v3.22.4

Business Segments (Tables)

12 Months Ended

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.

X

- Definition

Schedule Of Identifiable Assets, Property, Plant & Equipment By Geographic Area [Table Text Block]

+ References

No definition available.

+ Details

Name:	tg_ScheduleOfIdentifiableAssetsPropertyPlantEquipmentByGeographicAreaTableTextBlock
Namespace Prefix:	tg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Segment Depreciation And Amortization Capital Expenditures [Table Text Block]

+ References

No definition available.

+ Details

Name:	tg_ScheduleOfSegmentDepreciationAndAmortizationCapitalExpendituresTableTextBlock
Namespace Prefix:	tg_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

+ Details

Name:	us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://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 https://asc.fasb.org/extlink&oid=126901519&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