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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2024
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 months ended March 31, 2024 and 2023:
Three Months Ended March 31,
(In thousands)20242023
Net Sales
Aluminum Extrusions$114,222 $133,370 
PE Films24,735 20,182 
Flexible Packaging Films30,113 31,527 
Total net sales169,070 185,079 
Add back freight6,666 6,043 
Sales as shown in the condensed consolidated statements of income (loss)$175,736 $191,122 
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA$12,540 $14,638 
Depreciation & amortization(4,542)(4,411)
EBIT7,998 10,227 
Plant shutdowns, asset impairments, restructurings and other(1,167)(493)
PE Films:
Ongoing operations:
EBITDA6,904 1,849 
Depreciation & amortization(1,329)(1,643)
EBIT5,575 206 
Plant shutdowns, asset impairments, restructurings and other(504)
Flexible Packaging Films:
Ongoing operations:
EBITDA1,963 1,350 
Depreciation & amortization(751)(700)
EBIT1,212 650 
Plant shutdowns, asset impairments, restructurings and other— (78)
Total13,114 10,514 
Interest income22 44 
Interest expense3,455 2,311 
Gain on investment in kaleo, Inc.— 262 
Stock option-based compensation costs— 231 
Corporate expenses, net5,736 8,956 
Income (loss) before income taxes3,945 (678)
Income tax expense (benefit)657 331 
Net income (loss)$3,288 $(1,009)
Schedule Of Identifiable Assets By Segment
The following table presents identifiable assets by segment at March 31, 2024 and December 31, 2023:
(In thousands)March 31, 2024December 31, 2023
Aluminum Extrusions$264,300 $255,756 
PE Films57,925 56,536 
Flexible Packaging Films81,290 84,062 
Subtotal403,515 396,354 
General corporate34,224 36,652 
Cash, cash equivalents and restricted cash4,792 13,455 
Total$442,531 $446,461 
Disaggregation of Revenue [Table Text Block]
The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2024 and 2023:
Net Sales by Geographic Area (a)
Three Months Ended March 31,
(In thousands)20242023
United States$132,627 $150,611 
Exports from the United States to:
Asia8,825 5,732 
Latin America1,331 1,859 
Canada4,539 4,284 
Europe255 860 
Operations outside the United States:
Brazil21,331 21,628 
Asia162 105 
Total$169,070 $185,079 
(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 $6.1 million and $3.4 million in the first quarter of 2024 and 2023, respectively.

Net Sales by Product Group
Three Months Ended March 31,
(In thousands)20242023
Aluminum Extrusions:
Nonresidential building & construction$66,347 $78,629 
Consumer durables7,984 10,347 
Automotive10,606 12,122 
Residential building & construction7,902 11,603 
Electrical5,836 8,129 
Machinery & equipment12,195 10,724 
Distribution3,352 1,816 
Subtotal114,222 133,370 
PE Films:
Surface protection films17,011 12,855 
Overwrap packaging7,724 7,327 
Subtotal24,735 20,182 
Flexible Packaging Films30,113 31,527 
Total $169,070 $185,079