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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2023						2022						2023						2022
Net Sales
Aluminum Extrusions			$	121,827					$	190,308					$	255,197					$	348,417
PE Films			15,918						31,424						36,099						62,555
Flexible Packaging Films			33,223						41,595						64,750						80,839
Total net sales			170,968						263,327						356,046						491,811
Add back freight			7,199						11,036						13,243						19,118
Sales as shown in the condensed consolidated statements of income (loss)			$	178,167					$	274,363					$	369,289					$	510,929
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			$	10,217					$	21,895					$	24,855					$	45,814
Depreciation & amortization			(4,158)						(4,169)						(8,569)						(8,430)
EBIT			6,059						17,726						16,286						37,384
Plant shutdowns, asset impairments, restructurings and other			155						16						(339)						(89)
PE Films:
Ongoing operations:
EBITDA			814						7,065						2,663						14,112
Depreciation & amortization			(1,552)						(1,559)						(3,195)						(3,154)
EBIT			(738)						5,506						(532)						10,958
Plant shutdowns, asset impairments, restructurings and other			—						(50)						2						(153)
Goodwill impairment			(15,413)						—						(15,413)						—
Flexible Packaging Films:
Ongoing operations:
EBITDA			249						7,631						1,599						12,665
Depreciation & amortization			(711)						(583)						(1,411)						(1,132)
EBIT			(462)						7,048						188						11,533
Plant shutdowns, asset impairments, restructurings and other			(1)						(37)						(79)						(80)
Total			(10,400)						30,209						113						59,553
Interest income			30						3						74						32
Interest expense			2,374						1,234						4,686						2,020
Gain on investment in kaléo			—						1,406						262						1,406
Stock option-based compensation costs			—						251						231						882
Corporate expenses, net			9,509						9,708						18,466						20,463
Income (loss) before income taxes			(22,253)						20,425						(22,934)						37,626
Income tax expense (benefit)			(3,331)						5,556						(3,000)						6,334
Net income (loss)			$	(18,922)					$	14,869					$	(19,934)					$	31,292

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at June 30, 2023 and December 31, 2022:

(In thousands)			June 30, 2023						December 31, 2022
Aluminum Extrusions			$	266,426					$	293,308
PE Films			82,191						102,431
Flexible Packaging Films			91,568						103,448
Subtotal			440,185						499,187
General corporate			23,491						23,674
Cash and cash equivalents			21,193						19,232
Total			$	484,869					$	542,093

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, 2023 and 2022:

Net Sales by Geographic Area (a)
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2023						2022						2023						2022
United States			$	133,417					$	213,955					$	284,027					$	396,092
Exports from the United States to:
Asia			5,477						14,680						11,209						27,145
Latin America			1,817						1,245						3,676						2,686
Canada			4,955						4,173						9,239						8,366
Europe			272						1,085						1,132						2,448
Operations outside the United States:
Brazil			24,975						28,189						46,603						55,074
Asia			55						—						160						—
Total			$	170,968					$	263,327					$	356,046					$	491,811
(a) Export sales relate mostly to PE Films. Operations in Brazil relate 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 $3.4 million and $5.3 million in the second quarter of 2023 and 2022, respectively, and $6.8 million and $11.7 million in the first six months of 2023 and 2022, respectively.

Net Sales by Product Group
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2023						2022						2023						2022
Aluminum Extrusions:
Nonresidential building & construction			$	65,784					$	99,302					$	144,413					$	180,223
Consumer durables			11,714						18,805						22,061						35,695
Automotive			11,769						14,473						23,891						28,314
Residential building & construction			10,056						20,948						21,659						37,413
Electrical			6,078						9,687						14,207						16,974
Machinery & equipment			11,082						15,929						21,806						28,874
Distribution			5,344						11,164						7,160						20,924
Subtotal			121,827						190,308						255,197						348,417
PE Films:
Surface protection films			8,643						23,674						21,497						45,822
Overwrap packaging			7,275						7,750						14,602						16,733
Subtotal			15,918						31,424						36,099						62,555
Flexible Packaging Films			33,223						41,595						64,750						80,839
Total			$	170,968					$	263,327					$	356,046					$	491,811

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