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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
Net Sales
Aluminum Extrusions			$	119,413					$	121,827					$	233,636					$	255,197
PE Films			29,197						15,918						53,932						36,099
Flexible Packaging Films			34,543						33,223						64,655						64,750
Total net sales			183,153						170,968						352,223						356,046
Add back freight			7,082						7,199						13,748						13,243
Sales as shown in the condensed consolidated statements of income (loss)			$	190,235					$	178,167					$	365,971					$	369,289
EBITDA from Ongoing Operations
Aluminum Extrusions:
Ongoing operations:
EBITDA			$	12,907					$	10,217					$	25,447					$	24,855
Depreciation & amortization			(4,446)						(4,158)						(8,988)						(8,569)
EBIT			8,461						6,059						16,459						16,286
Plant shutdowns, asset impairments, restructurings and other			(1,649)						155						(2,816)						(339)
PE Films:
Ongoing operations:
EBITDA			10,133						814						17,037						2,663
Depreciation & amortization			(1,317)						(1,552)						(2,645)						(3,195)
EBIT			8,816						(738)						14,392						(532)
Plant shutdowns, asset impairments, restructurings and other			(80)						—						(584)						2
Goodwill impairment			—						(15,413)						—						(15,413)
Flexible Packaging Films:
Ongoing operations:
EBITDA			3,204						249						5,167						1,599
Depreciation & amortization			(732)						(711)						(1,483)						(1,411)
EBIT			2,472						(462)						3,684						188
Plant shutdowns, asset impairments, restructurings and other			—						(1)						—						(79)
Total			18,020						(10,400)						31,135						113
Interest income			7						30						28						74
Interest expense			3,379						2,374						6,834						4,686
Gain on investment in kaleo, Inc.			144						—						144						262
Stock option-based compensation costs			—						—						—						231
Corporate expenses, net			4,032						9,509						9,768						18,466
Income (loss) before income taxes			10,760						(22,253)						14,705						(22,934)
Income tax expense (benefit)			1,968						(3,331)						2,625						(3,000)
Net income (loss)			$	8,792					$	(18,922)					$	12,080					$	(19,934)

Schedule Of Identifiable Assets By Segment

The following table presents identifiable assets by segment at June 30, 2024 and December 31, 2023:

(In thousands)			June 30, 2024						December 31, 2023
Aluminum Extrusions			$	269,068					$	255,756
PE Films			59,541						56,536
Flexible Packaging Films			80,650						84,062
Subtotal			409,259						396,354
General corporate			32,484						36,652
Cash, cash equivalents and restricted cash			8,669						13,455
Total			$	450,412					$	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 and six months ended June 30, 2024 and 2023:

Net Sales by Geographic Area (a)
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
United States			$	141,681					$	133,417					$	274,308					$	284,027
Exports from the United States to:
Asia			13,834						5,477						22,659						11,209
Latin America			1,395						1,817						2,726						3,676
Canada			2,483						4,955						7,022						9,239
Europe			393						272						648						1,132
Operations outside the United States:
Brazil			23,263						24,975						44,594						46,603
Asia			104						55						266						160
Total			$	183,153					$	170,968					$	352,223					$	356,046
(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 $6.7 million and $3.4 million in the second quarter of 2024 and 2023, respectively, and $12.8 million and $6.8 million in the first six months of 2024 and 2023, respectively.

Net Sales by Product Group
			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
Aluminum Extrusions:
Nonresidential building & construction			$	67,267					$	65,784					$	133,615					$	144,413
Consumer durables			8,922						11,714						16,906						22,061
Automotive			10,127						11,769						20,733						23,891
Residential building & construction			9,883						10,056						17,785						21,659
Electrical			7,221						6,078						13,057						14,207
Machinery & equipment			12,669						11,082						24,864						21,806
Distribution			3,324						5,344						6,676						7,160
Subtotal			119,413						121,827						233,636						255,197
PE Films:
Surface protection films			21,713						8,643						38,725						21,497
Overwrap packaging			7,484						7,275						15,207						14,602
Subtotal			29,197						15,918						53,932						36,099
Flexible Packaging Films			34,543						33,223						64,655						64,750
Total			$	183,153					$	170,968					$	352,223					$	356,046

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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.

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