10-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED December 31, 2015

COMMISSION FILE NUMBER 001-08524

MYERS INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

OHIO	34-0778636
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification Number)

1293 S. MAIN STREET, AKRON, OHIO (Address of Principal Executive Offices) 44301 (Zip Code) (330) 253-5592 (Telephone Number)

Securities Registered Pursuant to Section 12(b) of the Act:	Name of Each Exchange On which registered:
Common Stock, Without Par Value (Title of Class)	New York Stock Exchange

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  o    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  o    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  x

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  o Accelerated filer  x Non-accelerated filer  o Smaller reporting company  o

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  o    No  x

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the closing sale price on the New York Stock Exchange as of June 30, 2015: $588,922,537

Indicate the number of shares outstanding of registrant’s common stock as of February 29, 2016: 29,546,342 Shares of Common Stock, without par value.

DOCUMENTS INCORPORATED BY REFERENCE:

Portions of the Registrant’s Definitive Proxy Statement for its 2016 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K.

TABLE OF CONTENTS

PART I
	ITEM 1. Business	1
	ITEM 1A. Risk Factors	7
	ITEM 1B. Unresolved Staff Comments	12
	ITEM 2. Properties	13
	ITEM 3. Legal Proceedings	14
PART II
	ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	16
	ITEM 6. Selected Financial Data	18
	ITEM 7. Management’s Discussion and Analysis of Results of Operations and Financial Condition	19
	ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk	26
	ITEM 8. Financial Statements and Supplementary Data	27
	Report of Independent Registered Public Accounting Firm	27
	Consolidated Statements of Operations	28
	Consolidated Statements of Comprehensive Income (Loss)	29
	Consolidated Statements of Financial Position	30
	Consolidated Statements of Shareholders’ Equity	32
	Consolidated Statements of Cash Flows	33
	Notes to Consolidated Financial Statements	34
	ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	56
	ITEM 9A. Controls and Procedures	56
	ITEM 9B. Other Information	59
Part III
	ITEM 10. Directors and Executive Officers of the Registrant	59
	ITEM 11. Executive Compensation	59
	ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	59
	ITEM 13. Certain Relationships and Related Transactions, and Director Independence	59
	ITEM 14. Principal Accounting Fees and Services	60
PART IV
	ITEM 15. Exhibits, Financial Statement Schedules	61
SIGNATURES		64
	Exhibit 21
	Exhibit 23
	Exhibit 31(a)
	Exhibit 31(b)
	Exhibit 32
	Exhibit 101

PART I

ITEM 1. Business

(a) General Development of Business

Myers Industries, Inc. (the “Company”) was founded in Akron, Ohio, in 1933. The terms “Myers Industries,” “Company,” “we,” “us,” or “our” wherever used herein refer to the Company, unless the context indicates to the contrary. Since then, the Company has grown from a small storefront distributing tire service supplies into an international manufacturing and distribution enterprise. In 1971, the Company went public, and the stock is traded on the New York Stock Exchange under the ticker symbol MYE.

Headquartered in Akron, Ohio, the Company manufactures a diverse range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. Myers Industries is a leader in the manufacturing of plastic reusable material handling containers and pallets, and plastic fuel tanks. Other principal product lines include plastic storage and organization containers, rubber tire repair products and custom plastic and rubber products.

The Company is also the largest wholesale distributor of tools, equipment and supplies for the tire, wheel and undervehicle service industry in the United States. The distribution products range from tire balancers and alignment systems to valve caps, tire repair tools and other consumable service supplies.

As of December 31, 2015, the Company operated 15 manufacturing facilities, 19 sales offices, four distribution centers and three distribution branches located throughout North, Central and South America; had approximately 15,500 manufactured products and over 12,500 distributed products; and had approximately 2,360 employees.

Serving customers around the world, products and related services from Myers Industries’ brands provide a wide range of performance benefits to customers in diverse niche markets. Some of these benefits include increasing productivity, driving green initiatives, lowering material handling costs, improving product quality, reducing labor costs, shortening assembly times, eliminating solid waste and increasing profitability.

The Company’s business strategy is focused on sustainable, profitable growth guided by five key operating principles: 1) Customer Dedication, 2) Innovation, 3) Operations Excellence, 4) Organization Development, and 5) Financial Strength. Applying these principles to our business, the Company emphasizes:

· Industry-leading innovation of niche, high margin products;

· Being the low-cost provider of certain commodity products where our brands excel;

· Achieving leadership in key product areas through breadth of offering, consistent quality and superior customer service;

· Operations excellence initiatives to reduce costs and improve productivity within our manufacturing and distribution footprint;

· Leveraging brand equity and capabilities to grow business with existing customers and cultivate new ones, particularly in emerging growth markets where we can deliver the greatest value and achieve the best returns;

· Investing in new technologies and processes to reinforce customer dedication and market strength across our key business segments;

· Succession plans through our management teams at all levels in the Company, ensuring the right people are in the right positions to grow for organizational development; and

· Selective acquisitions as opportunities arise to enhance our leadership in key markets and add to shareholder value.

The Company continually reviews its segments and brands for strategic fit and growth potential. The review process is dedicated to furthering innovation and brand leadership in our markets, building strong customer relationships and positioning the Company for strong financial performance.

(b) Financial Information About Segments

The response to this section of Item 1 is contained in the Industry Segments footnote of the Notes to Consolidated Financial Statements under Item 8 of this report.

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(c) Description of Business

The Company conducts its business activities in two distinct business segments, Material Handling and Distribution, consistent with the manner in which our Chief Operating Decision Maker evaluates performance and makes resource allocation decisions.

During the second quarter of 2014, the Company's Board of Directors approved the commencement of the sale process to divest its Lawn and Garden business to allow it to focus resources on its core growth platforms. The divestiture of the Lawn and Garden business was completed in February 2015. The Lawn and Garden business served the North American horticulture market with plastic products such as seedling trays, nursery products, hanging baskets, custom print containers as well as decorative resin planters. The operating results for the Lawn and Garden business are classified as discontinued operations in the Consolidated Statements of Operations under Item 8 of this report.

In our Material Handling Segment, we design, manufacture, and market a variety of plastic and metal products. These range from plastic reusable material handling containers and small parts storage bins to plastic RV tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, shipping containers, beverage crates and metal carts and cabinets.

The Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and undervehicle service on passenger, heavy truck and off-road vehicles and the manufacturing of tire repair materials and custom rubber products.

Information regarding the revenues of each segment classified as continuing operations is contained in the Industry Segments footnote of the Notes to Consolidated Financial Statements under Item 8 of this report.

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The following table summarizes the key attributes of our business segments for the year ended December 31, 2015:

Material Handling Segment
Net Sales		Key Product Areas		Product Brands		Key Capabilities & Services		Representative Markets
$414	·	Plastic Reusable Containers &	·	Akro-Mils™	·	Product Design	·	Agriculture
69%		Pallets	·	Jamco Products	·	Prototyping	·	Automotive
	·	Plastic Storage &	·	Buckhorn®	·	Product Testing	·	Commercial
		Organizational Products	·	Novel do Nordeste S.A.	·	Material Formulation	·	Food Processing
	·	Plastic Carts	·	Myers do Brasil™	·	Injection Molding	·	Food Distribution
	·	Metal Carts	·	Ameri-Kart®	·	Structural Foam Molding	·	Healthcare
	·	Metal Cabinets	·	Scepter	·	Metal Forming	·	Industrial
	·	Wooden Dollies			·	Stainless Steel Forming	·	Manufacturing
	·	Custom Products			·	Wood Fabrication	·	Retail Distribution
					·	Powder Coating	·	Wholesale Distribution
					·	Material Regrind & Recycling	·	Consumer
					·	Plastic Blow Molding	·	Recreational Vehicle
					·	Plastic Rotational Molding	·	Marine
					·	Thermoforming	·	Military
					·	Infrared Welding	·	Food & Beverage
							·	Custom
Distribution Segment
Net Sales		Key Product Areas		Product Brands		Key Capabilities & Services		Representative Markets
$188	·	Tire Valves & Accessories	·	Myers Tire Supply®	·	Broad Sales Coverage	·	Retail Tire Dealers
31%	·	Tire Changing &	·	Myers Tire Supply	·	Local Sales	·	Truck Tire Dealers
		Balancing Equipment		International™	·	Four Strategically Placed	·	Auto Dealers
	·	Lifts & Alignment Equipment	·	Patch Rubber Company®		Distribution Centers	·	Commercial Auto & Truck
	·	Service Equipment	·	Elrick	·	International Distribution		Fleets
	·	Hand Tools	·	Fleetline	·	Personalized Service	·	General Repair & Services
	·	Tire Repair & Retread	·	MTS	·	National Accounts		Facilities
		Equipment & Supplies			·	Product Training	·	Tire Retreaders
	·	Brake, Transmission & Allied			·	Repair/Service Training	·	Tire Repair
		Service Equipment & Supplies			·	New Products/Services	·	Governmental Agencies
	·	Highway Markings				"Speed to Market"	·	Telecommunications
	·	Industrial Rubber			·	Rubber Mixing	·	Industrial
	·	General Shop Supplies			·	Rubber Compounding	·	Road Construction
					·	Rubber Calendaring	·	Mining
					·	Tiered Product Offerings

Segments Overview

Material Handling Segment

The Material Handling Segment manufactures highly engineered polymer packaging containers, storage and safety products, and specialty molded parts. The brands within this segment include Buckhorn^®, Akro-Mils^™, Jamco Products, Ameri-Kart^®, Scepter, Myers do Brasil^™ and Novel^®.

Buckhorn’s reusable containers and pallets are used in closed-loop supply chain systems to help customers improve product protection, increase handling efficiencies, reduce freight costs and eliminate solid waste and disposal costs.  Buckhorn offers products to replace costly single use cardboard boxes, wooden pallets, and steel containers. The product line is among the broadest in the industry and includes injection-molded and structural foam-molded constructions.  Buckhorn’s product lines include hand-held containers used for inventory control, order management and transportation of retail goods; collapsible and fixed-wall bulk transport containers for light and heavy-duty tasks; intermediate bulk containers for the storage and transport of food, liquid, powder, and granular products; plastic pallets designed to work with smaller Buckhorn containers; and specialty boxes designed for storage of

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items such as seed and cheese. Buckhorn also produces a wide variety of specialty products designed for niche applications and custom products designed according to exact customer specifications.

Akro-Mils material handling products provide customers everything they need to store, organize and transport a wide range of goods while increasing overall productivity and profitability.  Serving industrial and commercial markets, Akro-Mils products range from AkroBins^® — the industry’s leading small parts bins — to Super-Size AkroBins, metal panel and bin hanging systems, metal storage cabinet and bin systems, wire shelving systems, plastic and metal transport carts and a wide variety of custom storage and transport products. Akro-Mils products deliver storage and organization solutions in a wide variety of applications, from creating assembly line workstations to organizing medical supplies and retail displays. Emphasis is placed on product bundling and customizing systems to create specific storage and organization configurations for customers’ operations.

Jamco Products is well established in industrial and commercial markets with its wide selection of welded steel service carts, platform trucks, mobile work centers, racks and cabinets for plastic bins, safety flammable cabinets, medical cylinder carts and more. Jamco Products strong product offering, relationships with industrial distributors and reputation for quality and service complements Myers Industries' existing Akro-Mils business.

Ameri-Kart is an industry leading manufacturer and thermoformer of rotational-molded water, fuel and waste handling tanks, plastic trim and interior parts used in the production of seat components, consoles, and other applications throughout the recreational vehicle, marine, and industrial markets.  In addition to standard marine parts, Ameri-Kart is well respected within the marine market for its patented Enviro-Fill^® overfill prevention system (“OPS”) technology and is the industry’s only turnkey provider of an integrated, Environmental Protection Agency (“EPA”)-compliant marine fuel tank and patented Enviro-Fill diurnal system.

Scepter is a leading producer of portable plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers and storage totes.  Scepter was the first provider of Jerry Cans to North America which offer safe, reliable transportation and storage of fuel for the consumer market.  Scepter also manufactures a variety of molded products for military applications from high quality containers to safely store and transport large caliber ammunition, to military specified portable fuel and water canisters and their accessories. Scepter's in-house product engineering and state of the art mold capabilities complements Myers Industries' Material Handling Segment through an increased product offering and global reach.

Myers do Brazil and Novel are leading designers and manufacturers of reusable plastic shipping containers, plastic pallets, crates and totes used for closed-loop shipping and storage in Brazil’s automotive, distribution, food, beverage and agriculture industries. With manufacturing facilities strategically located throughout Brazil, Myers is uniquely positioned to support customers throughout Latin America.  

Distribution Segment

Our Distribution Segment includes the Myers Tire Supply^® and Myers Tire Supply International^™ and Patch Rubber Company^® brands.  Within the Distribution Segment we source and manufacturer top of the line products for the tire, wheel and undervehicle service industry.

Myers Tire Supply is the largest U.S. distributor and single source for tire, wheel and undervehicle service tools, equipment and supplies. We buy and sell approximately 12,500 different items — everything that professionals need to service passenger, truck and off-road tires, wheels and related components. Independent tire dealers, mass merchandisers, commercial auto and truck fleets, auto dealerships, tire retreaders and general repair facilities rely on our broad product selection, rapid availability and personal service to be more productive and profitably grow their business.

While the needs and composition of our distribution markets constantly change, we adapt and deliver the new products and services that are crucial to our customers’ success. The new product pipeline is driven by a thorough understanding of the market and its customers' needs. Myers Tire Supply in turn works closely with its suppliers to develop innovative products and services to meet these needs.

Patch Rubber Company manufactures one of the most comprehensive lines of tire repair and retreading products in the United States. Service professionals rely on our extensive product selection and quality for safe, cost-effective repairs to passenger, truck and off-road tires. Products include the plug that fills a puncture, the cement that seals the plug, the tire innerliner patch and the final sealing compound. Patch brand repair products maintain a strong position in the tire service markets including sales through our Distribution Segment’s sales network.  Patch Rubber also employs its rubber calendering and compounding expertise to create a diverse portfolio of products outside of the tire repair market, such as reflective highway marking tapes. Our rubber-based tape and symbols provide the durability and brightness that construction professionals demand to replace paint for marking road repair, intersections and hazardous areas. Compared with traditional highway paint, the tape stock is easier to apply, more reflective and longer lasting.

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Raw Materials & Suppliers — Manufacturing and Distribution Segments

The Company purchases substantially all of its raw materials from a wide range of third-party suppliers. These materials are primarily polyethylene, polypropylene, and polystyrene plastic resins, as well as synthetic and natural rubber. Most raw materials are commodity products and available from several domestic suppliers. We believe that the loss of any one supplier or group of suppliers would not have a material adverse effect on our business.

Our Distribution Segment purchases substantially all of its components from third-party suppliers and has multiple sources for its products.

Competition

Competition in our Material Handling Segment is substantial and varied in form and size from manufacturers of similar products and of other products which can be substituted for those produced by the Company. In general, most direct competitors with the Company’s brands are private entities. Myers Industries maintains strong brand presence and market positions in the niche sectors of the markets it serves. The Company does not command substantial, overall market presence in the broad market sectors.

Competition in our Distribution Segment is generally comprised of small companies, regional players and national auto parts chains where product offerings may overlap. Within the overall tire, wheel and undervehicle service market, Myers Industries is the largest U.S. distributor of tools, equipment and supplies offered based on national coverage.

Customer Dependence

In 2015, 2014 and 2013, there were no customers that accounted for more than five percent of total net sales. Myers Industries serves thousands of customers who demand value through product selection, innovation, quality, delivery and responsive personal service. Our brands foster satisfied, loyal customers who have recognized our performance through numerous supplier quality awards.

Employees

As of December 31, 2015, Myers Industries had a total of approximately 2,360 full-time and part-time employees. Of these, approximately 1,800 were employed in the Company’s Material Handling Segment and the Distribution Segment employed approximately 500. The Company’s corporate offices had approximately 60 employees.

As of December 31, 2015, the Company had approximately 500 employees represented by labor unions. Collective bargaining agreements between us and these labor unions expire March 2016, June 2016 and November 2016, representing approximately 100, 200 and 200 employees, respectively. We consider our relationship with our employees generally to be satisfactory.

Backlog

The backlog of orders for our operations is estimated to have been approximately $44 million at December 31, 2015 and approximately $41 million at December 31, 2014. Our backlog is scheduled for delivery within the succeeding 12 months. During periods of shorter lead times, backlog may not be a meaningful indicator of future sales. Accordingly, we do not believe our backlog data and comparisons thereof, as of different dates, reliably indicate future sales or shipments.

(d) Financial Information About Geographic Areas

The response to this section of Item 1 is contained in the Industry Segments footnote of the Notes to Consolidated Financial Statements under Item 8 of this report.

(e) Available Information

Filings with the SEC.    As a public company, we regularly file reports and proxy statements with the Securities and Exchange Commission ("SEC"), such as:

* annual reports on Form 10-K;

* quarterly reports on Form 10-Q;

* current reports on Form 8-K; and

* proxy statements on Schedule 14A.

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Anyone may read and copy any of the materials we file with the SEC at its Public Reference Room at 100 F Street, N.E., Washington, DC 20549. Information regarding operations of the Public Reference Room may also be obtained by calling the SEC at 1-800-SEC-0330. The SEC also maintains an internet website that contains our reports, proxy and information statements, and our other SEC filings; the address of that site is http://www.sec.gov.

Also, we make our SEC filings available free of charge on our own internet site as soon as reasonably practicable after we have filed with the SEC. Our internet address is http://www.myersindustries.com. The content on the Company’s website is available for informational purposes only and is not incorporated by reference into this Form 10-K.

Corporate Governance.     We have a Code of Business Conduct for our employees and members of our Board of Directors. A copy of this Code is posted on our website in the section titled “Investor Relations”. We will satisfy any disclosure requirement under Item 5.05 of Form 8-K regarding an amendment to, or waiver from, any provision of this Code with respect to our executive officers or directors by disclosing the nature of that amendment or waiver.

Our website also contains additional information about our corporate governance policies, including the charters of our standing board committees. Any of these items are available in print to any shareholder who requests them. Requests should be sent to Corporate Secretary, Myers Industries, Inc., 1293 S. Main Street, Akron, Ohio 44301.

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ITEM 1A. Risk Factors

This Form 10-K and the information we are incorporating by reference contain forward-looking statements within the meaning of federal securities laws, including information regarding the Company’s financial outlook, future plans, objectives, business prospects and anticipated financial performance. You can identify these statements by the fact that they include words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” or variations of these words, or similar expressions. These forward-looking statements are not statements of historical facts and represent only our current expectations regarding such matters. These statements inherently involve a wide range of known and unknown uncertainties. The Company’s actual actions and results could differ materially from what is expressed or implied by these statements. Specific factors that could cause such a difference include those set forth below and other important factors disclosed previously and from time to time in our other filings with the Securities and Exchange Commission. Given these factors, as well as other variables that may affect our operating results, you should not rely on forward-looking statements, assume that past financial performance will be a reliable indicator of future performance, nor use historical trends to anticipate results or trends in future periods. We expressly disclaim any obligation or intention to provide updates to the forward-looking statements and the estimates and assumptions associated with them.

Risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements include:

Any significant increase in the cost of raw materials or disruption in the availability of raw materials could adversely affect our performance.

Our ability to manage our cost structure can be adversely affected by movements in commodity and other raw material prices. Our primary raw materials include plastic resins, colorants and natural and synthetic rubbers. Plastic resins in particular are subject to substantial short term price fluctuations, including those arising from supply shortages and changes in the price of natural gas, crude oil and other petrochemical intermediates from which resins are produced, as well as other factors. Over the past several years, we have at times experienced rapidly increasing resin prices. The Company’s revenue and profitability may be materially and adversely affected by these price fluctuations.

Market conditions may limit our ability to raise selling prices to offset increases in our raw material input costs. If we are unsuccessful in developing ways to mitigate raw material cost increases, we may not be able to improve productivity or realize our ongoing cost reduction programs sufficiently to help offset the impact of these increased raw material costs. As a result, higher raw material costs could result in declining margins and operating results.

Changes in raw material availability may also occur due to events beyond our control, including natural disasters such as floods, tornadoes and hurricanes. Our specific molding technologies and/or product specifications can limit our ability to locate alternative suppliers to produce certain products.

We may incur inherent risks associated with our strategic growth initiatives.

Our growth initiatives include internal growth driven by strong brands and new product innovation; development of new, high-growth markets and expansion in existing niche markets; strengthened customer relationships through value-added initiatives and key product partnerships; investments in new technology and processes to reinforce market strength and capabilities in key business groups; consolidation and rationalization activities to further reduce costs and improve productivity within our manufacturing and distribution footprint; an opportunistic and disciplined approach to strategic, bolt-on acquisitions to accelerate growth in our market positions; and potential divestitures of businesses with non-strategic products or markets.

While this is a continuous process, all of these activities and initiatives have inherent risks and there remain significant challenges and uncertainties, including economic and general business conditions that could limit our ability to achieve anticipated benefits associated with announced strategic initiatives and affect our financial results. We may not achieve any or all of these goals and are unable to predict whether these initiatives will produce significant revenues or profits.

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We may not realize the improved operating results that we anticipate from past and recent acquisitions or from acquisitions we may make in the future and we may experience difficulties in integrating the acquired businesses or may inherit significant liabilities related to such businesses.

We explore opportunities to acquire businesses that we believe are related to our core competencies from time to time, some of which may be material to us. We expect such acquisitions will produce operating results consistent with our other operations; however, we may be unable to achieve the benefits expected to be realized from our acquisitions. In addition, we may incur additional costs and our management’s attention may be diverted because of unforeseen expenses, difficulties, complications, delays and other risks inherent in acquiring businesses, including the following:

· we may have difficulty integrating the acquired businesses as planned, which may include integration of systems of internal controls over financial reporting and other financial and administrative functions;

· we may have delays in realizing the benefits of our strategies for an acquired business;

· we may not be able to retain key employees necessary to continue the operations of an acquired business;

· acquisition costs may be met with cash or debt, increasing the risk that we will be unable to satisfy current financial obligations; and

· acquired companies may have unknown liabilities that could require us to spend significant amounts of additional capital.

Our results of operations and financial condition could be adversely affected by a downturn in the general markets or the general economic environment.

We operate in a wide range of geographies, primarily North America, Central America and South America. Worldwide and regional economic, business and political conditions, including changes in the economic conditions of the broader markets and in our individual niche markets, could have an adverse effect on one or both of our operating segments.

We operate in a very competitive business environment.

Both of our segments participate in markets that are highly competitive. We compete primarily on the basis of product quality, product performance, value, and supply chain competency. Our competitive success also depends on our ability to maintain strong brands, customer relationships and the belief that customers will need our products and services to meet their growth requirements. The development and maintenance of such brands requires continuous investment in brand building, marketing initiatives and advertising. The competition that we face in all of our markets — which varies depending on the particular business segment, product lines and customers — may prevent us from achieving sales, product pricing and income goals, which could affect our financial condition and results of operations.

Our operations depend on our ability to maintain continuous, uninterrupted production at our manufacturing facilities, which are subject to physical and other risks that could disrupt production.

We are subject to inherent risks in our diverse manufacturing and distribution activities, including, but not limited to: product quality, safety, licensing requirements and other regulatory issues, environmental events, loss or impairment of key manufacturing or distribution sites, disruptions in logistics and transportation services, labor disputes and industrial accidents. While we maintain insurance covering our manufacturing and production facilities, including business interruption insurance, a catastrophic loss of the use of all or a portion of our facilities due to accident, fire, explosion, or natural disaster, whether short or long-term, could have a material adverse effect on our business, financial condition and results of operations.

Unexpected failures of our equipment and machinery may also result in production delays, revenue loss and significant repair costs, as well as injuries to our employees. Any interruption in production capability may require us to make large capital expenditures to remedy the situation, which could have a negative impact on our profitability and cash flows. Our business interruption insurance may not be sufficient to offset the lost revenues or increased costs that we may experience during a disruption of our operations. A temporary or long-term business disruption could result in a permanent loss of customers. If this were to occur, our future sales levels, and therefore our profitability, could be materially adversely affected.

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We derive a portion of our revenues from direct and indirect sales outside the United States and are subject to the risks of doing business in foreign countries.

We currently operate manufacturing, sales and service facilities outside of the United States, particularly in Canada and Brazil. For the year ended December 31, 2015, international net sales accounted for approximately 17% of our total net sales from continuing operations. Accordingly, we are subject to risks associated with operations in foreign countries, including:

· fluctuations in currency exchange rates;

· limitations on the remittance of dividends and other payments by foreign subsidiaries;

· limitations on foreign investment;

· additional costs of compliance with local regulations; and

· in certain countries, higher rates of inflation than in the United States.

In addition, our operations outside the United States are subject to the risk of new and different legal and regulatory requirements in local jurisdictions, potential difficulties in staffing and managing local operations and potentially adverse tax consequences. The costs related to our international operations could adversely affect our operations and financial results in the future.

Our future performance depends in part on our ability to develop and market new products if there are changes in technology, regulatory requirements or competitive processes.

Changes in technology, regulatory requirements and competitive processes may render certain products obsolete or less attractive. Our performance in the future will depend in part on our ability to develop and market new products that will gain customer acceptance and loyalty, as well as our ability to adapt our product offerings and control our costs to meet changing market conditions. Our operating performance would be adversely affected if we were to incur delays in developing new products or if such products did not gain market acceptance. There can be no assurance that existing or future products will be sufficiently successful to enable us to effectively compete in our markets or, should new product offerings meet with significant customer acceptance, that one or more current or future competitors will not introduce products that render our products noncompetitive.

We may not be successful in protecting our intellectual property rights, including our unpatented proprietary know-how and trade secrets, or in avoiding claims that we infringed on the intellectual property rights of others.

In addition to relying on patent and trademark rights, we rely on unpatented proprietary know-how and trade secrets and employ various methods, including confidentiality agreements with employees and consultants, to protect our know-how and trade secrets. However, these methods and our patents and trademarks may not afford complete protection and there can be no assurance that others will not independently develop the know-how and trade secrets or develop better production methods than us. Further, we may not be able to deter current and former employees, contractors and other parties from breaching confidentiality agreements and misappropriating proprietary information and it is possible that third parties may copy or otherwise obtain and use our information and proprietary technology without authorization or otherwise infringe on our intellectual property rights. Additionally, in the future we may license patents, trademarks, trade secrets and similar proprietary rights to third parties. While we attempt to ensure that our intellectual property and similar proprietary rights are protected when entering into business relationships, third parties may take actions that could materially and adversely affect our rights or the value of our intellectual property, similar proprietary rights or reputation. In the future, we may also rely on litigation to enforce our intellectual property rights and contractual rights and, if not successful, we may not be able to protect the value of our intellectual property. Furthermore, no assurance can be given that we will not be subject to claims asserting the infringement of the intellectual property rights of third parties seeking damages, the payment of royalties or licensing fees and/or injunctions against the sale of our products. Any litigation could be protracted and costly and could have a material adverse effect on our business and results of operations regardless of its outcome.

If we are unable to maintain access to credit financing, our business may be adversely affected.

The Company’s ability to make payments and to refinance our indebtedness, fund planned capital expenditures and acquisitions and pay dividends will depend on our ability to generate cash in the future and retain access to credit financing. This, to some extent, is subject to general economic, financial, competitive, legislative, regulatory and other factors that are beyond our control.

We cannot provide assurance that our business will generate sufficient cash flow from operating activities or that future borrowings will be available to us under our credit facilities in amounts sufficient to enable us to service debt, make necessary capital expenditures or fund other liquidity needs. We may need to refinance all or a portion of our indebtedness, on or before maturity. We cannot be sure that we would be able to refinance any of our indebtedness on commercially reasonable terms or at all.

9

The credit facilities contain restrictive covenants and cross default provisions that require us to maintain specified financial ratios. The Company’s ability to satisfy those financial ratios can be affected by events beyond our control, and we cannot be assured we will satisfy those ratios. A breach of any of those financial ratio covenants or other covenants could result in a default. Upon the occurrence of an event of default, the lenders could elect to declare the applicable outstanding indebtedness due immediately and payable and terminate all commitments to extend further credit. We cannot be sure that our lenders would waive a default or that we could pay the indebtedness in full if it were accelerated.

If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results. As a result, current and potential shareholders could lose confidence in our financial reporting, which would harm our business and the trading price of our common stock.

Internal control systems are intended to provide reasonable assurance regarding the preparation and fair presentation of published financial statements. Any failure to maintain effective controls or implement required new or improved controls could cause us to fail to meet our periodic reporting obligations or result in material misstatements in our Consolidated Financial Statements, and substantial costs and resources may be required to rectify these internal control deficiencies. If we have an internal control deficiency and our remedial measures are insufficient, material weaknesses or significant deficiencies in our internal control over financial reporting could be discovered or occur in the future, and our consolidated financial statements may contain material misstatements. See Item 9A – Controls and Procedures for further discussion.

Future claims, litigation and regulatory actions could adversely affect our financial condition and our ability to conduct our business.

While we strive to ensure that our products comply with applicable government regulatory standards and internal requirements and that our products perform effectively and safely, customers from time to time could claim that our products do not meet contractual requirements, and users could be harmed by use or misuse of our products. This could give rise to breach of contract, warranty or recall claims, or claims for negligence, product liability, strict liability, personal injury or property damage. Product liability insurance coverage may not be available or adequate in all circumstances. In addition, claims may arise related to patent infringement, environmental liabilities, distributor terminations, commercial contracts, antitrust or competition law, employment law and employee benefits issues and other regulatory matters. While we have in place processes and policies to mitigate these risks and to investigate and address such claims as they arise, we cannot predict the underlying costs to defend or resolve such claims.

Current and future environmental and other governmental laws and requirements could adversely affect our financial condition and our ability to conduct our business.

Our operations are subject to federal, state, local and foreign environmental laws and regulations that impose limitations on the discharge of pollutants into the air and water and establish standards for the handling, use, treatment, storage and disposal of, or exposure to, hazardous wastes and other materials and require clean up of contaminated sites. Some of these laws and regulations require us to obtain permits, which contain terms and conditions that impose limitations on our ability to emit and discharge hazardous materials into the environment and periodically may be subject to modification, renewal and revocation by issuing authorities. Fines, penalties and other civil or criminal sanctions may be imposed for non-compliance with applicable environmental laws and regulations and the failure to have or to comply with the terms and conditions of required permits. Certain environmental laws in the United States, such as the federal Superfund law and similar state laws, impose liability for the cost of investigation or remediation of contaminated sites upon the current or, in some cases, the former site owners or operators (or their predecessor entities) and upon parties who arranged for the disposal of wastes or transported or sent those wastes to an off-site facility for treatment or disposal, regardless of when the release of hazardous substances occurred or the lawfulness of the activities giving rise to the release. Such liability can be imposed without regard to fault and, under certain circumstances, can be joint and several, resulting in one party being held responsible for the entire obligation.

While we have not been required historically to make significant capital expenditures in order to comply with applicable environmental laws and regulations, we cannot predict with any certainty our future capital expenditure requirements because of continually changing compliance standards and environmental technology. Furthermore, violations or contaminated sites that we do not know about, including contamination caused by prior owners and operators of such sites, or at sites formerly owned or operated by us or our predecessors in connection with discontinued operations, could result in additional compliance or remediation costs or other liabilities, which could be material.

In that we have been formally notified by the U.S. Environmental Protection Agency (“EPA”) that we are considered to be a potentially responsible party (“PRP”) of the New Idria Mercury Mine, the Company accrued costs related to the EPA claim. As negotiations with the EPA proceed with respect to the Remedial Investigation/Feasibility Study, it is possible that adjustments to the reserved expense will be necessary to reflect new information. Estimates of our liability are based on current facts, laws, regulations and technology. Estimates of our environmental liabilities are further subject to uncertainties regarding the negotiations with EPA, the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise

10

engineering evaluation and cost estimates, the extent of remedial actions that may be required, the number and financial condition of other PRPs that may be named as well as the extent of their responsibility for the remediation, and the availability of insurance coverage for these expenses. At this time, we have not accrued for remediation costs in connection with this site as we are unable to estimate the liability, given the circumstances referred to above, including the fact the final remediation strategy has not yet been determined.

We have limited insurance coverage for potential environmental liabilities associated with historic and current operations and we do not anticipate increasing such coverage in the future. We may also assume significant environmental liabilities in acquisitions. Such costs or liabilities could adversely affect our financial situation and our ability to conduct our business.

Environmental regulations specific to plastic products and containers could adversely affect our ability to conduct our business.

Federal, state, local and foreign governments could enact laws or regulations concerning environmental matters that increase the cost of producing, or otherwise adversely affect the demand for, plastic products. Legislation that would prohibit, tax or restrict the sale or use of certain types of plastic and other containers, and would require diversion of solid wastes such as packaging materials from disposal in landfills, has been or may be introduced in the U.S. Congress, in state legislatures and other legislative bodies. While container legislation has been adopted in a few jurisdictions, similar legislation has been defeated in public referenda in several states, local elections and many state and local legislative sessions. There can be no assurance that future legislation or regulation would not have a material adverse effect on us. Furthermore, a decline in consumer preference for plastic products due to environmental considerations could have a negative effect on our business.

Our insurance coverage may be inadequate to protect against potential hazardous incidents to our business.

We maintain property, business interruption, product liability and casualty insurance coverage, but such insurance may not provide adequate coverage against potential claims, including losses resulting from war risks, terrorist acts or product liability claims relating to products we manufacture. Consistent with market conditions in the insurance industry, premiums and deductibles for some of our insurance policies have been increasing and may continue to increase in the future. In some instances, some types of insurance may become available only for reduced amounts of coverage, if at all. In addition, there can be no assurance that our insurers would not challenge coverage for certain claims. If we were to incur a significant liability for which we were not fully insured or that our insurers disputed, it could have a material adverse effect on our financial position, results of operations or cash flows.

Our business operations could be significantly disrupted if members of our senior management team were to leave.

Our success depends to a significant degree upon the continued contributions of our senior management team. Our senior management team has extensive marketing, sales, manufacturing, finance and engineering experience, and we believe that the depth of our management team is instrumental to our continued success. The loss of any of our key executive officers in the future could significantly impede our ability to successfully implement our business strategy, financial plans, expansion of services, marketing and other objectives.

We may be subject to risks relating to our information technology systems.

We rely on information technology systems to process, transmit and store electronic information and manage and operate our business. A breach in security could expose us and our customers and suppliers to risks of misuse of confidential information, manipulation and destruction of data, production downtimes and operations disruptions, which in turn could negatively affect our reputation, competitive position, business, results of operations or cash flows.

An impairment of goodwill would negatively impact our financial results.

At least annually, we perform an impairment test for goodwill. Under current accounting guidance, if the carrying value of goodwill exceeds the estimated fair value, impairment is deemed to have occurred and the carrying value of goodwill is written down to fair value with a charge against earnings. Accordingly, any determination requiring the write-off of a significant portion of goodwill could negatively impact our results of operations. See Critical Accounting Policies within Management’s Discussion and Analysis of Results of Operations and Financial Condition for further discussion of at-risk reporting units.

Unforeseen future events may negatively impact our economic condition.

Future events may occur that would adversely affect the reported value of our assets. Such events may include, but are not limited to, strategic decisions made in response to changes in economic and competitive conditions, the impact of the economic environment on our customer base, or a material adverse change in our relationship with significant customers.

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Equity Ownership Concentration

Based solely on the Schedule 13D filed on February 19, 2016, by Gabelli Funds, LLC, GAMCO Asset Management Inc., MJG Associates, Inc., Gabelli Securities, Inc., Teton Advisors, Inc., Gabelli Foundation, Inc., GGCP, Inc., and GAMCO Investors, Inc., (collectively, the “Gamco Group”), for which the Company disclaims any responsibility, beneficially owned 6,934,888 shares of our common stock which represented approximately 23% of the 30,140,159 shares outstanding as reported in our Form 10-Q for the quarterly period ended September 30, 2015. Combined, these parties may have sufficient voting power to influence actions requiring the approval of our shareholders.

Legal & Regulatory Actions

Changes in laws and regulations and approvals and decisions of courts, regulators, and governmental bodies on any legal claims known or unknown, could have an adverse effect on the Company’s financial results.

ITEM 1B. Unresolved Staff Comments

None.

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ITEM 2. Properties

The following table sets forth certain information with respect to properties owned by the Company:

	Distribution
Location	Approximate Floor Space (Square Feet)		Approximate Land Area (Acres)		Use
Akron, Ohio		129,000		8	Executive offices and warehousing
Akron, Ohio		67,000		5	Distribution center
Wadsworth, Ohio		125,000		12	Distribution center
Pomona, California		18,000		1	Sales and distribution center
	Manufacturing
Miami, Oklahoma		330,000		16	Manufacturing and distribution
Sandusky, Ohio		305,000		8	Manufacturing and distribution
Springfield, Missouri		227,000		19	Manufacturing and distribution
Wadsworth, Ohio		197,000		23	Manufacturing and distribution
Bristol, Indiana		185,000		12	Manufacturing and distribution
Bluffton, Indiana		175,000		17	Manufacturing and distribution
Roanoke Rapids, North Carolina		172,000		20	Manufacturing and distribution
Scarborough, Ontario		170,000		8	Manufacturing and distribution

The following table sets forth certain information with respect to facilities leased by the Company:

	Manufacturing & Distribution
Location	Approximate Floor Space (Square Feet)		Expiration Date of Lease	Use
Cassopolis, Michigan		210,000	October 31, 2018	Manufacturing and distribution
South Beloit, Illinois		160,000	September30, 2017	Manufacturing and distribution
Springfield, Missouri		120,000	August 31, 2016	Manufacturing and distribution
Lauro de Freitas City, Bahia, Brazil		90,000	June 30, 2017	Manufacturing and distribution
Ibipora, Parana, Brazil		55,000	June 30, 2016	Manufacturing and distribution
Southaven, Mississippi		56,000	September 30, 2023	Distribution center
Jaguariuna, Brazil		54,000	April 30, 2017	Manufacturing and distribution
Scarborough, Ontario		48,000	December 31, 2016	Manufacturing and distribution
Salt Lake City, Utah		30,000	October 31, 2023	Distribution center
Milford, Ohio		22,000	November 30, 2018	Administration and sales

The Company also leases facilities for its sales offices and sales branches in the United States and Central America which, in the aggregate, amount to approximately 50,000 square feet of warehouse and office space. All of these locations are used by the Distribution Segment.

The Company believes that all of its properties, machinery and equipment generally are well maintained and adequate for the purposes for which they are used.

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ITEM 3. Legal Proceedings

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance. We believe that the outcome of these lawsuits and other proceedings will not individually or in the aggregate have a future material adverse effect on our consolidated financial position, results of operations or cash flows.

New Idria Mercury Mine

Effective October 2011, the U.S. Environmental Protection Agency (“EPA”) added the New Idria Mercury Mine site located near Hollister, California to the Superfund National Priorities List because of alleged contaminants discharged to California waterways. The New Idria Quicksilver Mining Company, founded in 1936, and later renamed the New Idria Mining & Chemical Company ("NIMCC") owned and/or operated the New Idria Mine through 1976. In 1981 NIMCC, after another name change, was merged into Buckhorn Metal Products Inc. which was subsequently acquired by Myers Industries in 1987. The EPA contends that past mining operations have resulted in mercury contamination and acid mine drainage at the mine site, in the San Carlos Creek, Silver Creek and a portion of Panoche Creek, and that other downstream locations may also be impacted.

In September 2015, a subsidiary of the Company, Buckhorn, Inc. (“Buckhorn”) received a notice letter and related documents from EPA (the “Notice Letter”) formally informing Buckhorn that it considers it to be a potentially responsible party (“PRP”) in connection with the New Idria Mercury Mine site. As a result of this Notice Letter, Buckhorn and the Company expect to engage in negotiations with EPA with respect to a draft Administrative Order proposed by EPA for the Remedial Investigation/Feasibility Study (“RI/FS”) for the site to determine the extent of remediation necessary and the screening of alternatives. The Company recognized an expense of $1.9 million, on an undiscounted basis, in 2011 related to performing a RI/FS. As part of the Notice Letter, EPA also made a claim for approximately $1.6 million in past costs for actions it claims it has taken in connection with the New Idria Mercury Mine site since 1993. These costs include approximately $0.5 million for an interim removal project at the New Idria Mercury Mine site completed by the EPA in November 2011. It is expected this removal action will be part of the final remediation strategy for the site. The Company currently expects to challenge EPA's past cost claims. The Company reserved an additional $1.3 million in 2015 related to the EPA claim, reflected as an increase in general and administrative expenses in the Consolidated Statements of Operations. Total payments of approximately $1.2 million have been made and charged against the reserve classified in Other Liabilities on the Consolidated Statements of Financial Position, which brings the total accrued balance related to this matter to $2.0 million at December 31, 2015. As negotiations with the EPA proceed with respect to the RI/FS, it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. Estimates of the Company’s liability are based on current facts, laws, regulations and technology. Estimates of the Company’s environmental liabilities are further subject to uncertainties regarding the negotiations with EPA, the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluation and cost estimates, the extent of remedial actions that may be required, the number and financial condition of other PRPs that may be named as well as the extent of their responsibility for the remediation, and the availability of insurance coverage for these expenses. At this time, we have not accrued for remediation costs in connection with this site as we are unable to estimate the liability, given the circumstances referred to above, including the fact the final remediation strategy has not yet been determined.

Other

Buckhorn and Schoeller Arca Systems, Inc. (“SAS”) were plaintiffs in a patent infringement lawsuit against Orbis Corp. and Orbis Material Handling, Inc. (“Orbis”) for alleged breach by Orbis of an exclusive patent license agreement from SAS to Buckhorn. SAS is an affiliate of Schoeller Arca Systems Services B.V. (“SASS B.V.”), a Dutch company. SAS manufactures and sells plastic returnable packaging systems for material handling. In the course of the litigation, it was discovered that SAS had given a patent license agreement to a predecessor of Orbis that pre-dated the one that SAS sold to Buckhorn. As a result, judgment was entered in favor of Orbis, and the court awarded attorney fees and costs to Orbis in the amount of $3.1 million, plus interest and costs.

In May 2014, Orbis made demand to SAS that SAS pay the judgment in full, and subsequently in July 2014, Orbis made the same demand to Buckhorn. Buckhorn believed it was not responsible for any of the judgment because it was not a party to the Orbis license. Despite this belief, the Company recorded expense of $3.0 million during the third quarter of 2014 for the entire amount of the unpaid judgement. The United States Court of Appeals for the Federal Circuit reversed the judgment against Buckhorn on July 2, 2015, and found that Buckhorn was not liable to Orbis for any portion of the judgment entered in favor of Orbis. Accordingly, Myers reversed the accrual of $3.0 million during 2015, which was reflected as a reduction of general and administrative expenses. The Federal Circuit Court of Appeals rejected Orbis' petition for rehearing and rehearing en banc. All opportunities for Orbis to appeal have expired. The United States District Court for the Southern District of Ohio has now released Buckhorn’s appellate bond. Buckhorn is also pursuing legal action against SAS and SASS B.V. for fraudulently selling an exclusive patent license they could not sell and related claims. That case is now pending in United States District Court for the Southern District of New York. In August 2014, SASS B.V. informed Buckhorn that SAS may not have the financial ability to pay any judgment against it and provided financial statements

14

to Buckhorn indicating SAS was in financial distress while SASS B.V. was financially stable. Given the uncertainty of SAS’s financial status, it is not known at this time what the likelihood of recovering from SAS (or SASS B.V.) would be in the event that there is a favorable outcome for Buckhorn in the New York court. 

When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary.

Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position, cash flows or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

EXECUTIVE OFFICERS OF THE REGISTRANT

Set forth below is certain information concerning the executive officers of the Registrant as of December 31, 2015. Executive officers are appointed annually by the Board of Directors.

Name	Age	Title
R. David Banyard	47	President and Chief Executive Officer
Greggory W. Branning	54	Senior Vice President, Chief Financial Officer and Corporate Secretary

Mr. Banyard, President and Chief Executive Officer, was appointed to his current position on December 7, 2015. Formerly, Mr. Banyard served as the Group President, Fluid Handling Technologies at Roper Technologies where he led a diverse portfolio of companies serving a wide array of end markets. Prior to that, Mr. Banyard was with Danaher Corporation where he held successive leadership roles during his six year tenure culminating with his leadership of the Vehicle Systems business unit of Kollmorgen, based in Stockholm, Sweden.

Mr. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary, was appointed to his current position on September 1, 2012. Prior to that he was with Danaher Corporation, where he served as Vice President of Finance and Chief Financial Officer of Thomson Industries, a Danaher subsidiary. Mr. Branning joined Danaher Corporation in 2003 where he served in various leadership positions in various subsidiaries of Danaher.

Section 16(a) of the Securities Exchange Act of 1934 requires the Registrant’s Directors, certain of its executive officers and persons who own more than ten percent of its Common Stock (“Insiders”) to file reports of ownership and changes in ownership with the Securities and Exchange Commission and the New York Stock Exchange, and to furnish the Company with copies of all such forms they file. The Company understands from the information provided to it by insiders that they adhered to all filing requirements applicable to Section 16 filers in 2015.

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PART II

ITEM 5. Market for Registrant’s Common Stock and Related Stockholder Matters and Issuer Purchases of Equity Securities

The Company’s Common Stock is traded on the New York Stock Exchange (ticker symbol MYE). The approximate number of shareholders of record at December 31, 2015 was 1,181. High and low stock prices and dividends for the last two years were:

2015	Sales Price
Quarter Ended	High		Low		Dividends
March 31	$	19.95	$	16.21	$	0.135
June 30		19.42		16.16		0.135
September 30		19.11		12.91		0.135
December 31		15.61		13.32		0.135

2014	Sales Price
Quarter Ended	High		Low		Dividends
March 31	$	21.50	$	18.87	$	0.13
June 30		24.32		18.67		0.13
September 30		20.23		17.63		0.13
December 31		17.93		14.33		0.13

Purchases of equity securities by the issuer

The following table presents information regarding the Company’s stock purchase plan during the three months ended December 31, 2015.

	TotalNumber of Shares Purchased		Average Price Paid per Share		TotalNumber of Shares Purchased as Part of the Publicly Announced Plans or Programs		Maximum number of Shares that may yet be Purchased Under the Plans or Programs (1)
10/1/15 to 10/31/15		155,000	$	14.46		4,929,072		3,070,928
11/1/15 to 11/30/15		373,512		14.74		5,302,584		2,697,416
12/1/15 to 12/31/15		245,081		14.92		5,547,665		2,452,335

(1) On July 11, 2013, the Company authorized the repurchase of up to an additional five million shares of its common stock. This authorization was in addition to the 2011 Board authorized repurchase of up to five million shares. The Company completed the repurchase of approximately 2.0 million shares in 2011 pursuant to Rule 10b5-1 plans, which were adopted pursuant to the 2011 authorized share repurchase.

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See Item 12 of this Form 10-K for the Equity Compensation Plan Information Table which is incorporated herein by reference.

Comparison of 5 Year Cumulative Total Return

Assumes Initial Investment of $100

December 31, 2015

	2010		2011		2012		2013		2014			2015
Myers Industries Inc.
AnnualReturn %				30.16		25.42		42.35		(14.36	)		(21.65	)
Cum $		100.00		130.16		163.25		232.38		199.01			155.92
S&P 500 Index - Total Return
Annual Return %				2.11	16.00			32.39		13.69			1.38
Cum $		100.00		102.11		118.45		156.81		178.28			180.75
S&P 600 Index - Total Return
Annual Return %				1.02		14.08		41.31		5.76			(1.97	)
Cum $		100.00		101.02		115.24		162.85		172.23			168.83

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ITEM 6. Selected Financial Data

Thousands of Dollars, Except Per Share Data

	2015		2014			2013			2012		2011
Operations for the Year
Net sales	$	601,538	$	623,649		$	584,733		$	545,572	$	507,947
Cost of sales		423,260		462,370			415,179			381,673		361,595
Selling expenses		60,752		60,261			55,398			51,227		46,119
General and administrative expenses		86,665		78,400			69,840			66,146		66,384
Impairment charges		—		—			—			—		997
Interest, net		8,999		8,535			4,531			4,330		4,573
Total costs and expenses		579,676		609,566			544,948			503,376		479,668
Income from continuing operations before income taxes		21,862		14,083			39,785			42,196		28,279
Income tax expense		7,809		5,122			13,343			15,689		6,421
Income from continuing operations	$	14,053	$	8,961		$	26,442		$	26,507	$	21,858
Income (loss) from discontinued operations, net of tax	$	3,709	$	(17,642	)	$	(440	)	$	3,455	$	2,647
Net income (loss)	$	17,762	$	(8,681	)	$	26,002		$	29,962	$	24,505
Net income per basic share from continuing operations	$	0.46	$	0.28		$	0.78		$	0.79	$	0.63
Net income per diluted share from continuing    operations	$	0.45	$	0.27		$	0.77		$	0.78	$	0.63
Net income (loss) per basic share from discontinued    operations	$	0.12	$	(0.55	)	$	(0.01	)	$	0.10	$	0.08
Net income (loss) per diluted share from discontinued    operations	$	0.12	$	(0.54	)	$	(0.01	)	$	0.10	$	0.08
Net income (loss) per basic share	$	0.58	$	(0.27	)	$	0.77		$	0.89	$	0.71
Net income (loss) per diluted share	$	0.57	$	(0.27	)	$	0.76		$	0.88	$	0.71
Financial Position — At Year End
Total assets	$	429,916	$	564,833		$	469,457		$	484,856	$	428,757
Current assets		154,308		285,441			234,910			239,596		218,452
Current liabilities		116,812		153,814			150,583			114,477		110,656
Working capital		37,496		131,627			84,327			125,119		107,796
Other assets		144,835		142,626			136,097			151,432		131,346
Property, plant and equipment, net		130,773		136,766			98,450			93,828		78,959
Less:
Long-term debt, less current portion		193,006		236,429			44,347			90,497		67,800
Other long-term liabilities		12,354		13,738			22,512			29,155		28,416
Deferred income taxes(1)		10,041		14,281			16,508			20,705		15,745
Shareholders’ Equity		97,703		146,571			235,507			230,022		206,140
Common Shares Outstanding		29,521,566		31,162,962			33,572,778			33,480,189		33,420,488
Book Value Per Common Share	$	3.31	$	4.70		$	7.01		$	6.87	$	6.17
Other Data
Dividends paid(2)	$	16,675	$	15,707		$	9,103		$	13,006	$	9,523
Dividends declared per Common Share	$	0.54	$	0.52		$	0.36		$	0.32	$	0.28
Average Basic Common Shares Outstanding during    the year		30,616,485		33,232,965			33,588,720			33,597,020		34,584,558

(1) Balances as of December 31, 2015 reflect the prospective change to the balance sheet presentation of deferred taxes in conjunction with the adoption of ASU 2015-17. Under this guidance, all deferred tax assets and liabilities are classified as long-term.

(2) Dividends in 2012 reflect the fourth quarter dividend paid in 2012, for a total of five dividend payments in calendar year 2012.

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ITEM 7. Management’s Discussion and Analysis of Results of Operations and Financial Condition

Executive Overview

The Company conducts its business activities in two distinct segments: The Material Handling Segment and the Distribution Segment. The Lawn and Garden business, which was sold in February 2015, is classified as discontinued operations in all periods presented.

On July 2, 2014, CA Acquisition Inc., now known as Scepter Canada Inc., and a wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of substantially all of the assets and assumption of certain liabilities of Scepter Corporation and certain real property of SHI Properties Inc., both located in Scarborough, Ontario, Canada. Contemporaneously with the asset acquisition, Crown US Acquisition Company, now known as Scepter US Holding Company, and another wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of all of the issued and outstanding membership interests of Eco One Leasing, LLC and Scepter Manufacturing, LLC, both located in Miami, Oklahoma. Eco One Leasing, LLC was subsequently merged into Scepter Manufacturing, LLC. The total purchase price for these acquisitions (collectively, “Scepter”) was $156.6 million in cash, which includes a final working capital adjustment. The acquisition of Scepter was funded from net proceeds from additional borrowings of approximately $134.1 million under the Fourth Amended and Restated Loan Agreement and cash on hand of $22.5 million. The operating results of Scepter have been included within our Consolidated Statements of Operations and within the Company's Material Handling Segment since the date of acquisition.

The Company designs, manufactures, and markets a variety of plastic and rubber products. Our Material Handling Segment manufactures products that range from plastic reusable material handling containers and small parts storage bins to plastic OEM parts, custom plastic products, consumer fuel containers, military water containers as well as ammunition packaging and shipping containers. Our Distribution Segment is engaged in the distribution of tools, equipment and supplies used for tire, wheel and under vehicle service on passenger, heavy truck and off-road vehicles, as well as the manufacturing of tire repair and retreading products.

Results of Operations: 2015 versus 2014

Net Sales:

(dollars in millions)
Segment	2015			2014			Change			% Change
Material Handling	$	414.0		$	432.1		$	(18.1	)		(4	)%
Distribution		187.6			191.9			(4.3	)		(2	)%
Intra-segment elimination		(0.1	)		(0.4	)		0.3
TOTAL	$	601.5		$	623.6		$	(22.1	)		(4	)%

Net sales for the year ended December 31, 2015 were $601.5 million, a decrease of $22.1 million or 4% compared to the prior year. Net sales increased $52.8 million due to the inclusion of Scepter which was acquired on July 2, 2014. Excluding Scepter, net sales were negatively impacted by lower sales volumes of approximately $51.2 million, primarily in our Material Handling Segment, the effect of unfavorable foreign currency translation of $18.4 million and lower pricing of $5.3 million.

Net sales in the Material Handling Segment decreased $18.1 million or 4% for the year ended December 31, 2015 compared to the prior year. Net sales increased $52.8 million due to the addition of Scepter, which was acquired in the third quarter of 2014. Excluding net sales related to Scepter, 2015 sales volumes for the segment were unfavorable by $47.6 million versus 2014, mainly due to the overall weakness in the agricultural end market. Net sales for the year ended December 31, 2015 were also impacted by unfavorable foreign currency translation of $18.4 million and lower pricing of $4.8 million.

Net sales in the Distribution Segment decreased $4.3 million or 2% in the year ended December 31, 2015 compared to the prior year. The decrease in net sales was primarily the result of lower current year sales in Canada due to the closure of Canadian branches late in the first quarter of 2014, combined with weakened demand in certain geographical markets which is partially attributable to the stronger U.S. dollar.

Cost of Sales & Gross Profit:

(dollars in millions)	2015			2014
Cost of sales	$	423.3		$	462.4
Gross profit	$	178.3		$	161.3
Gross profit as a percentage of sales		29.6	%		25.9	%

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Gross profit margin increased to 29.6% in the year ended December 31, 2015 compared to 25.9% in the prior year primarily due to the acquisition of Scepter in July 2014 and lower input costsprimarily for plastic resins, partially offset by lower volume primarily in our Material Handling Segment and negative mix of products sold across both of our reportable segments.Gross margin in 2014 was negatively impacted by a $2.3 million inventory fair value adjustment resulting from our acquisition of Scepter.

Selling, General and Administrative Expenses:

(dollars in millions)	2015			2014			Change		% Change
SG&A expenses	$	147.4		$	138.7		$	8.7		6	%
SG&A expenses as a percentage of sales		24.5	%		22.2	%

Selling, general and administrative (“SG&A”) expenses for the year ended December 31, 2015 were $147.4 million, an increase of $8.7 million or 6% compared to the prior year. An increase in SG&A of $11.4 million was due to the inclusion of Scepter expenses during the first six months of 2015. Excluding the impact of Scepter, SG&A expenses were favorable by $6.0 million versus the prior year due to the reversal of the prior year legal accrual related to the Orbis litigation as described in Note 9, $3.6 million of transaction costs in the year ended December 31, 2014 related to the acquisition of Scepter and $3.5 million from foreign currency translation. These reductions were partially offset by an increase in legal and professional costs of $1.6 million associated with the Brazilian investigation that was completed in the first quarter of 2015, $1.8 million of incremental stock compensation expenses, a $1.3 million charge for environmental reserves described in Note 9, $1.0 million of additional long-term compensation expenses for retirement eligible employees and an increase in other employee-related costs.

Net Interest Expense:

(dollars in millions)	2015			2014			Change			% Change
Net interest expense	$	9.0		$	8.5		$	0.5			6	%
Outstanding borrowings, net of deferred financing costs	$	193.0		$	236.4		$	(43.4	)		(18	)%
Average borrowing rate		4.59	%		4.00	%

Net interest expense for the year ended December 31, 2015 was $9.0 million compared to $8.5 million during 2014. The increase in net interest expense is due to an increase in average borrowings and average borrowing rate during the year ended December 31, 2015 compared to the prior year, partially offset by interest income on the note receivable from the sale of the Lawn and Garden business described in Note 4.

Income Taxes:

(dollars in millions)	2015			2014
Income from continuing operations before income taxes	$	21.9		$	14.1
Income tax expense	$	7.8		$	5.1
Effective tax rate		35.7	%		36.4	%

The effective tax rate was 35.7% for the year ended December 31, 2015 compared to 36.4% in the prior year. The 2015 effective rate reflects benefits from foreign tax rate differentials and lower non-deductible expenses, partially offset by higher 2015 state income taxes compared to prior year.

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Discontinued Operations:

Net sales from discontinued operations decreased $175.4 million for the year ended December 31, 2015 compared to the year ended December 31, 2014. The decrease was mainly due to the sale of the Lawn and Garden business on February 17, 2015. Discontinued operations are comprised of the Lawn and Garden business and WEK Industries, Inc. (“WEK”). We completed the sale of WEK in June 2014. 

Income from discontinued operations, net of income taxes was $3.7 million for the year ended December 31, 2015 compared to a loss, net of income taxes of $17.6 million in the prior year. The increase in 2015 as compared to the prior year was primarily driven by restructuring and other related charges incurred by the Lawn and Garden business during the year ended December 31, 2014 and an asset impairment charge of $18.9 million recorded in 2014 to reflect the excess carrying value over fair value less cost to sell the Lawn and Garden business. A disagreement between the parties over the calculation of the final working capital adjustment was resolved by arbitration on March 9, 2016. As a result of the final ruling, the Company recorded an additional gain of $0.6 million, net of tax, in 2015. The final working capital adjustment will result in a cash payment to the buyer of approximately $4.0 million in 2016. The total gain on the sale of the Lawn and Garden business was $4.7 million, net of tax, during 2015 and is included in income (loss) from discontinued operations in the accompanying Consolidated Statements of Operations.

Results of Operations: 2014 versus 2013

Net Sales:

(dollars in millions)
Segment	2014			2013			Change			% Change
Material Handling	$	432.1		$	380.6		$	51.5			14	%
Distribution		191.9			204.5			(12.6	)		(6	)%
Intra-segment elimination		(0.4	)		(0.4	)		0.0			0	%
TOTAL	$	623.6		$	584.7		$	38.9			7	%

Net sales for 2014 were $623.6 million, an increase of $38.9 million or 7% compared to the prior year. Net sales increased $39.4 million due to the inclusion of Scepter Corporation Group ("Scepter") acquired July 2, 2014. The increase in net sales also included $12.7 million of improved pricing to mitigate higher resin prices during the year. The increase in net sales was partially offset by lower sales volumes of $6.8 million and unfavorable foreign currency translation of $6.4 million.

Net sales in the Material Handling Segment increased $51.5 million or 14% in 2014 compared to 2013. The increase in net sales was mainly attributable to the inclusion of $39.4 million of net sales from the date of acquisition of Scepter that was completed July 2, 2014. Also contributing to the increase in net sales was improved pricing of $12.6 million to offset raw material costs, and higher volume of $5.9 million, driven by strong sales in the industrial, marine and recreational vehicle end markets. The increase in net sales was partially offset by unfavorable foreign currency translation of $6.4 million.

Net sales in the Distribution Segment decreased $12.6 million in 2014 compared to 2013. The decrease in net sales was attributable to a decline in custom sales and the result of the closure of our Canadian branches in the first quarter of 2014.

Cost of Sales & Gross Profit:

(dollars in millions)	2014			2013
Cost of sales	$	462.4		$	415.2
Gross profit	$	161.3		$	169.6
Gross profit as a percentage of sales		25.9	%		29.0	%

Gross profit declined $8.3 million in 2014 compared to 2013 despite an increase in sales. Gross profit margin as a percentage of sales decreased to 25.9% for 2014 compared to 29.0% in the prior year. A weakened demand for our Material Handling Segment's agricultural and food processing products, along with a challenging Brazilian economy, lowered profitability versus the prior year. Higher raw material costs during the year compared to the prior year also negatively impacted gross profit. Raw material costs, primarily plastic resins, polypropylene and polyethylene, were on average, approximately 9% higher in 2014 as compared to the prior year. Also contributing to the reduction in gross margin was a $2.3 million inventory fair value adjustment resulting from our acquisition of Scepter and approximately $1.0 million of restructuring and other unusual charges in 2014, as compared to $0.2 million in 2013.

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Selling, General and Administrative Expenses:

(dollars in millions)	2014			2013			Change		% Change
SG&A expenses	$	138.7		$	125.2		$	13.5		11	%
SG&A expenses as a percentage of sales		22.2	%		21.4	%

SG&A expenses increased $13.5 million or 11% from 2013. The inclusion of the Scepter acquisition contributed $11.1 million of incremental SG&A costs in 2014 compared to the prior year. The increase in SG&A expenses in 2014 also included the establishment of a reserve related to a patent infringement legal suit of $3.0 million and approximately $3.6 million of transaction costs related to the acquisition of Scepter. SG&A expenses were reduced by a decrease in employee related costs of $2.8 million, lower outside legal and professional costs of approximately $2.0 million, and lower administrative costs related to facilities of approximately $0.9 million. Also in 2014, a favorable adjustment of $1.2 million was recorded to reduce contingent consideration recorded in a prior period due to a change in projections used to estimate expected payments at December 31, 2014. In addition, higher freight costs of $0.8 million were incurred during 2014 as compared to 2013. SG&A expenses for 2014 included restructuring and other unusual charges of approximately $2.2 million compared to $0.4 million in the prior year. Shipping and handling costs, including freight, are primarily classified as SG&A expenses.

Net Interest Expense:

(dollars in millions)	2014			2013			Change		% Change
Net interest expense	$	8.5		$	4.5		$	4.0		89	%
Outstanding borrowings, net of deferred financing costs	$	236.4		$	44.3		$	192.1		434	%
Average borrowing rate		4.00	%		4.92	%

Net interest expense was $8.5 million in 2014 compared to $4.5 million in 2013. The increase in net interest expense is due to the higher average debt balance. The increase in outstanding borrowings in 2014 compared to the prior year related to our senior unsecured notes and higher balance outstanding under our credit facility as a result of our Scepter acquisition in July 2014.

Income Taxes:

(dollars in millions)	2014			2013
Income from continuing operations before taxes	$	14.1		$	39.8
Income tax expense	$	5.1		$	13.3
Effective tax rate		36.4	%		33.5	%

The 2014 effective tax rate of 36.4% compared to 33.5% in 2013. The 2014 effective tax rate of 36.4% reflects a $1.8 million reduction in net state and local income taxes, offset by the inability to benefit from losses in Brazil, an increase of $0.6 million in non-deductible acquisition and a $0.9 million increase in compensation costs. The 2013 effective tax rate reflects approximately $1.2 million of tax benefits from the domestic production deduction.

Discontinued Operations:

Loss from discontinued operations, net of income taxes was $17.6 million for the year ended December 31, 2014 compared to a loss from discontinued operations of $0.4 million in the prior period, primarily as a result of an $18.9 million impairment charge. Discontinued operations are comprised of the Lawn and Garden business and WEK. We completed the sale of WEK in June 2014. The Lawn and Garden business was held for sale at December 31, 2014, and sold in February 2015.

Net sales from discontinued operations decreased $35.8 million or 14.9% for the year ended December 31, 2014 compared to the prior year. The decrease in net sales was due to lower sales volume of $37.8 million attributable to the sale of WEK on June 20, 2014, poor weather conditions, transportation issues, operational start-up issues related to our rationalization plan and the negative impact from the effect of unfavorable currency translation of $2.3 million. The decrease in net sales was partially offset by improved pricing of $4.3 million to help mitigate higher raw material costs.

Higher restructuring and other related charges of $11.1 million for the year ended December 31, 2014 compared to $9.3 million in the comparable prior period negatively impacted results. The asset impairment charge of $18.9 million was recorded to reflect the excess carrying value over fair value less cost to sell the Lawn and Garden business.

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Gain on sale of discontinued operations was $4.6 million, net of tax of $1.6 million, resulting in an after tax gain of $3.0 million related to the sale of WEK on June 20, 2014.

Financial Condition & Liquidity and Capital Resources

Operating Activities

Cash provided by operating activities from continuing operations was $49.4 million, $51.8 million and $74.9 million for the years ended December 31, 2015, 2014 and 2013, respectively.

The decrease in cash provided by continuing operations during the year ended December 31, 2015 was mainly due to a use of working capital, partially offset by higher net income. Accounts payables and accrued expenses had a negative impact on operating cash flows in 2015 of $13.1 million compared to positive cash flows of $8.1 million in 2014 due to lower accounts payable primarily related to the impact of lower raw material costs, the reversal of the prior year legal accrual related to the Orbis litigation as described in Note 9 and lower taxes payable in 2015 compared to 2014.

Net income from continuing operations was $14.1 million in 2015 compared to $9.0 million in 2014. Depreciation and amortization costs from continuing operations were $35.0 million in the year ended December 31, 2015, compared to $31.2 million for the year ended December 31, 2014. The higher depreciation and amortization are attributable to the higher level of assets placed in service over the past several years and assets acquired in connection with the acquisition of Scepter.

The decrease of $23.2 million in operating cash flow from 2013 to 2014 was attributable to decreased earnings and a decrease in the cash provided from working capital compared to the prior year. Net income from continuing operations was $9.0 million in 2014 compared to $26.4 million in 2013. Cash provided by working capital was $12.2 million in 2014 compared to cash provided of $27.0 million in 2013. The decrease was primarily the result of a decline in cash provided from accounts payable and accrued expenses as a result of timing of payments and lower taxes payable due to a decline in earnings.

Investing Activities

Capital expenditures were $23.7 million, $24.2 million and $20.7 million for the years ended December 31, 2015, 2014 and 2013, respectively. Higher capital spending in 2015 and 2014 compared to 2013 was due to additional investments that were made for new manufacturing focused on growth and productivity improvements in addition to higher spending due to Scepter. During 2015, the Company received approximately $69.8 million in cash proceeds in connection with the sale of the Lawn and Garden business and $1.0 million in connection with the sale of WEK. The Company paid approximately $156.6 million in connection with the acquisition of Scepter during 2014. In 2013, the Company purchased an equity interest in a non-consolidated subsidiary, included in the Distribution segment, for approximately $0.6 million.

Financing Activities

Under a share repurchase plan, the Company used cash of $30.0 million to purchase 1,992,379 shares of its stock in 2015, $54.9 million to purchase 2,742,506 shares of its stock in 2014 and $8.1 million to purchase 530,983 shares of its stock in 2013. In addition, the Company used cash to pay dividends of $16.7 million, $15.7 million and $9.1 million for the years 2015, 2014 and 2013, respectively. Lower dividend payments in 2013 resulted from the accelerated fourth quarter dividend payment made in December 2012 to reduce the tax impact for our shareholders in 2013.

Credit Sources

On December 13, 2013, the Company entered into a Fourth Amended and Restated Loan Agreement (the “Loan Agreement”). The agreement provided for a $200 million senior revolving credit facility expiring on December 13, 2018, which replaced the existing $180 million facility.

In addition, on May 30, 2014, the Company entered into a First Amendment to the Fourth Amended and Restated Loan Agreement (the "Loan Amendment"). The Loan Amendment increased the senior revolving credit facility from $200 million to $300 million through December 2018 and provided for an additional subsidiary of the Company as a borrower and another subsidiary of the Company as a guarantor of the credit facility. On July 2, 2014, the Company borrowed approximately $135.3 million under the Loan Agreement to fund the acquisition of Scepter. Amounts borrowed under the agreement are secured by pledges of stock of certain of our foreign and domestic subsidiaries.

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Borrowings under the Loan Agreement bear interest at the LIBOR rate, prime rate, federal funds effective rate, the Canadian deposit offered rate, or the eurocurrency reference rate depending on the type of loan requested by the Company, in each case plus the applicable margin as set forth in the Loan Agreement.

The Company has Senior Unsecured Notes totaling $100 million with a group of investors pursuant to a note purchase agreement. The series of four notes range in face value from $11 million to $40 million, with interest rates ranging from 4.67% to 5.45%, payable semiannually, and expiring between 2021 and 2026.

Total debt outstanding at December 31, 2015 was $193.0 million, net of deferred financing costs, compared with $236.4 million at December 31, 2014. A portion of the cash proceeds from the sale of the Lawn and Garden business was used to pay down debt. The Company’s Loan Agreement provides available borrowing up to $300 million, reduced for letters of credit issued. As of December 31, 2015, the Company had $4.3 million of letters of credit issued related to insurance and other financing contracts in the ordinary course of business. As of December 31, 2015, there was $202.2 million available under our Loan Agreement.

As of December 31, 2015, the Company was in compliance with all its debt covenants. The most restrictive financial covenants for all of the Company’s debt are an interest coverage ratio (defined as earnings before interest, taxes, depreciation and amortization, as adjusted, divided by interest expense) and a leverage ratio (defined as total debt divided by earnings before interest, taxes, depreciation and amortization, as adjusted). The ratios as of and for the period ended December 31, 2015 are shown in the following table:

	Required Level	Actual Level
Interest Coverage Ratio	3.00 to 1 (minimum)		7.52
Leverage Ratio	3.25 to 1 (maximum)		2.55

The Company believes that cash flows from operations and available borrowing under its Loan Agreement will be sufficient to meet expected business requirements including capital expenditures, dividends, working capital, debt service and to fund the stock repurchase program into the foreseeable future.

Contractual Obligations

The following summarizes the Company’s estimated future cash outflows from financial contracts and commitments reflecting our current debt structure:

	Less than 1 Year		2-3 Years		4-5 Years		Thereafter		Total
			(Amounts in Thousands)
Principal payments on debt	$	—	$	93,512	$	—	$	100,000	$	193,512
Interest		5,778		11,556		10,145		12,002		39,481
Lease payments		3,904		3,121		911		1,322		9,258
Retirement obligations and other benefits		1,076		1,032		832		2,254		5,194
Total	$	10,758	$	109,221	$	11,888	$	115,578	$	247,445

Uncertain tax position liabilities are excluded from the contractual obligations table because a reasonably reliable estimate of the period of cash settlement with the respective tax authority cannot be made.

Critical Accounting Policies

Our discussion and analysis of the Company’s financial condition and results of operations are based on the accompanying consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America. As indicated in the Summary of Significant Accounting Policies included in the Notes to Consolidated Financial Statements (included in Item 8 of this report), the amount of assets, liabilities, revenue and expenses reported are affected by estimates and judgments that are necessary to comply with generally accepted accounting principles. We base our estimates on prior experience and other assumptions that we consider reasonable to our circumstances. We believe the following matters may involve a high degree of judgment and complexity.

Inventory — Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Cost is determined by the LIFO method for approximately 40 percent of the Company’s inventories and the FIFO method for all other inventories. Where appropriate, standard cost systems are utilized and appropriate variances are evaluated for purposes of determining cost; the standards are adjusted as necessary to ensure they approximate actual costs. Estimates of lower of cost or market value of inventory are determined based upon current economic conditions, historical sales quantities and patterns and, in some cases, the specific risk of loss on specifically identified inventories.

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Goodwill — Goodwill is subjected to annual impairment testing, unless significant changes in circumstances indicate a potential impairment may have occurred sooner. We conduct our annual impairment assessment as of October 1. We perform a two-step quantitative assessment to determine whether the fair value of a reporting unit is less than its carrying value.

Goodwill impairment testing requires, in part, that we estimate the fair value of our reporting units which, in turn, requires that we make judgments concerning future cash flows and appropriate discount rates for those reporting units. Fair values are established using comparative market multiples in the current market conditions and discounted cash flows. The discount rates used are based on the weighted average cost of capital determined for each of the Company’s reporting units and ranged from 11.0% to 14.5% in 2015. In addition we would make certain judgments about the selection of comparable companies used in determining market multiples in valuing our reporting units. We also compare our book value and the estimates of fair value of the reporting units to our market capitalization as of and at dates near the annual testing date. Management uses this comparison as additional evidence of the fair value of the Company, as our market capitalization may be suppressed by other factors such as the control premium associated with a controlling shareholder, our leverage or general expectations regarding future operating results and cash flows. In situations where the implied value of the Company under the Income or Market Approach are significantly different than our market capitalization we re-evaluate and adjust, if necessary, the assumptions underlying our Income and Market Approach models.

Based on procedures conducted to test impairment of goodwill of the Company’s reporting units, the fair values of the Plasticos Novel do Nordeste S. A. (“Novel”) and Jamco Products, Inc. (“Jamco”) reporting units did not substantially exceed their carrying value as of our assessment date in 2015. The estimated fair value of Novel and Jamco exceeded their carrying values by approximately 10% and 20%, respectively. Although no goodwill impairment charge is required for 2015, it does present a risk of future impairment for the goodwill assigned to those reporting units. The decline in the fair values of these businesses was driven primarily by reduced profitability as a result of lower margins and a prolonged economic downturn in the Brazilian economy impacting Novel. As a result, management decreased future projections of the operating results and cash flows in assessing goodwill at these reporting units. The Company is making necessary changes in operations to improve profitability in these businesses. If expected future forecasted results for these businesses are not achieved it may result in the Company recording impairment charges for these reporting units in future periods.

Contingencies — In the ordinary course of business, we are involved in various legal proceedings and contingencies. We have recorded liabilities for these matters in accordance with FASB ASC 450, Contingencies (“ASC 450”). ASC 450 requires a liability to be recorded based on our estimate of the probable cost of the resolution of a contingency. When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary. The actual resolution of these contingencies may differ from our estimates. If a contingency were settled for an amount greater than our estimate, a future charge to income would result. Likewise, if a contingency were settled for an amount that is less than our estimate, a future credit to income would result.

Revenue Recognition — We recognize revenues from the sale of products, net of actual and estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Income Taxes — Deferred income taxes are provided to recognize the effect of temporary differences between financial and tax reporting. Deferred income taxes are not provided for undistributed earnings of foreign consolidated subsidiaries as it is our intention to reinvest such earnings for an indefinite period of time. The Company has operations outside the U.S. and in jurisdictions with statutory tax rates lower than in the U.S. As a result, significant tax and treasury planning of future operations are necessary to determine the proper amounts of tax assets, liabilities and expense to be recognized. FASB ASC 740, Income Taxes ("ASC 740") requires that deferred tax assets be reduced by a valuation allowance, if based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. The Company evaluates the recovery of its deferred tax assets by assessing the adequacy of future expected taxable income from all sources, including reversal of taxable temporary differences, forecasted operating earnings and available tax planning strategies. These sources of income inherently rely heavily on estimates.

Also, significant judgment is required in determining the Company’s tax expense and in evaluating its tax positions, including evaluating uncertainties under ASC 740. We review our tax positions quarterly and adjust the balances as new information becomes available.

Recent Accounting Pronouncements

Information regarding the recent accounting pronouncements is contained in the Summary of Significant Accounting Policies footnote of the Notes to Consolidated Financial Statements under Item 8 of this report.

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Item 7A. Quantitative and Qualitative Disclosures About Market Risk

Market Risk and Derivative Financial Instruments

The Company has certain financing arrangements that require interest payments based on floating interest rates. The Company’s financial results are subject to changes in the market rate of interest. At present, the Company has not entered into any interest rate swaps or other derivative instruments to fix the interest rate on any portion of its financing arrangements with floating rates. Accordingly, based on current debt levels at December 31, 2015, if market interest rates increase one percent, the Company’s interest expense would increase approximately $0.9 million annually.

Some of the Company’s subsidiaries operate in foreign countries and their financial results are subject to exchange rate movements. The Company has operations in Canada with foreign currency exposure, primarily due to sales made from businesses in Canada to customers in the United States ("U.S."). These sales are denominated in U.S. dollars. In addition, the Company’s subsidiary in Brazil has loans denominated in U.S. dollars. The Company has a systematic program to limit its exposure to fluctuations in exchange rates related to certain assets and liabilities of its operations in Canada and Brazil that are denominated in U.S. dollars. The net exposure generally ranges from $2 million to $7 million. The foreign currency contracts and arrangements created under this program are not designated as hedged items under Financial Accounting Standards Board (“FASB”) Accounting Standard Codification (“ASC”) 815, Derivatives and Hedging, and accordingly, the changes in the fair value of the foreign currency arrangements, which have been immaterial, are recorded in the income statement. The Company’s foreign currency arrangements are typically three months or less and are settled before the ending of a reporting period. At December 31, 2015, the Company had no foreign currency arrangements or contracts in place.

The Company uses certain commodities, primarily plastic resins, in its manufacturing processes. The cost of operations can be affected as the market for these commodities changes. The Company currently has no derivative contracts to hedge this risk; however, the Company also has no significant purchase obligations to purchase fixed quantities of such commodities in future periods. Significant future increases in the cost of plastic resin or other adverse changes in the general economic environment could have a material adverse impact on the Company’s financial position, results of operations or cash flows.

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ITEM 8. Financial Statements and Supplementary Data

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

Myers Industries, Inc. and Subsidiaries

We have audited the accompanying consolidated statements of financial position of Myers Industries, Inc. and Subsidiaries as of December 31, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2015. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Myers Industries, Inc. and Subsidiaries at December 31, 2015 and 2014, and the consolidated results of their operations and their cash flows for each of the three years in the period ended December 31, 2015, in conformity with U.S. generally accepted accounting principles.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Myers Industries, Inc. and Subsidiaries' internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 Framework), and our report dated March 14, 2016 expressed an adverse opinion thereon.

/s/ Ernst & Young LLP

Akron, Ohio

March 14, 2016

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MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

For the Years Ended December 31, 2015, 2014 and 2013

(Dollars in thousands, except per share data)

	2015			2014			2013
Net sales	$	601,538		$	623,649		$	584,733
Cost of sales		423,260			462,370			415,179
Gross profit		178,278			161,279			169,554
Selling expenses		60,752			60,261			55,398
General and administrative expenses		86,665			78,400			69,840
		147,417			138,661			125,238
Operating income		30,861			22,618			44,316
Interest
Income		(1,317	)		(127	)		(213	)
Expense		10,316			8,662			4,744
Interest expense, net		8,999			8,535			4,531
Income from continuing operations before income taxes		21,862			14,083			39,785
Income tax expense		7,809			5,122			13,343
Income from continuing operations	$	14,053		$	8,961		$	26,442
Income (loss) from discontinued operations, net of tax	$	3,709		$	(17,642	)	$	(440	)
Net income (loss)	$	17,762		$	(8,681	)	$	26,002
Income per common share from continuing operations:
Basic	$	0.46		$	0.28		$	0.78
Diluted	$	0.45		$	0.27		$	0.77
Income (loss) per common share from discontinued operations:
Basic	$	0.12		$	(0.55	)	$	(0.01	)
Diluted	$	0.12		$	(0.54	)	$	(0.01	)
Net income (loss) per share:
Basic	$	0.58		$	(0.27	)	$	0.77
Diluted	$	0.57		$	(0.27	)	$	0.76
Dividends declared per share	$	0.54		$	0.52		$	0.36

The accompanying notes are an integral part of these statements.

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MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Comprehensive Income (Loss)

For the Years Ended December 31, 2015, 2014 and 2013

(Dollars in thousands)

	2015			2014			2013
Net income (loss)	$	17,762		$	(8,681	)	$	26,002
Other comprehensive income (loss)
Foreign currency translation adjustment		(27,622	)		(13,318	)		(9,292	)
Pension liability, net of tax expense (benefit) of $113 in 2015, ($448) in    2014 and $605 in 2013		200			(797	)		1,076
Total other comprehensive income (loss), net of tax		(27,422	)		(14,115	)		(8,216	)
Comprehensive income (loss)	$	(9,660	)	$	(22,796	)	$	17,786

The accompanying notes are an integral part of these statements.

29

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Financial Position

As of December 31, 2015 and 2014

(Dollars in thousands)

	2015			2014
Assets
Current Assets
Cash	$	7,344		$	4,676
Restricted cash		8,627			—
Accounts receivable-less allowances of $559 and $782, respectively		77,633			90,664
Inventories
Finished and in-process products		39,840			40,122
Raw materials and supplies		14,898			23,216
		54,738			63,338
Prepaid expenses and other assets		5,966			6,591
Deferred income taxes		—			2,397
Assets held for sale - current		—			117,775
Total Current Assets		154,308			285,441
Other Assets
Goodwill		64,035			66,639
Intangible assets, net		58,530			72,235
Deferred income taxes		840			545
Notes receivable		17,981			—
Other		3,449			3,207
		144,835			142,626
Property, Plant and Equipment, at Cost
Land		7,960			8,405
Buildings and leasehold improvements		62,519			57,537
Machinery and equipment		345,277			335,963
		415,756			401,905
Less allowances for depreciation and amortization		(284,983	)		(265,139	)
Property, plant and equipment, net		130,773			136,766
Total Assets	$	429,916		$	564,833

The accompanying notes are an integral part of these statements.

30

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Financial Position

As of December 31, 2015 and 2014

(Dollars in thousands, except share data)

	2015			2014
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	71,310		$	77,320
Accrued expenses
Employee compensation		17,832			14,967
Income taxes		—			3,086
Taxes, other than income taxes		1,733			1,940
Accrued interest		2,709			3,207
Liabilities held for sale		—			27,122
Other		23,228			26,172
Total Current Liabilities		116,812			153,814
Long-term debt		193,006			236,429
Other liabilities		12,354			13,738
Deferred income taxes		10,041			14,281
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)		—			—
Common Shares, without par value (authorized 60,000,000 shares; outstanding    29,521,566 and 31,162,962; net of treasury shares of 8,430,891 and 6,604,175,    respectively)		17,895			18,855
Additional paid-in capital		196,743			218,394
Accumulated other comprehensive loss		(39,110	)		(11,688	)
Retained deficit		(77,825	)		(78,990	)
Total Shareholders’ Equity		97,703			146,571
Total Liabilities and Shareholders’ Equity	$	429,916		$	564,833

The accompanying notes are an integral part of these statements.

31

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Shareholders’ Equity

For the Years Ended December 31, 2015, 2014 and 2013

(Dollars in thousands, except share and per share data)

	Common Shares						Additional Paid-In			Accumulated Other Comprehensive			Retained			Total Stockholders'
	Number			Amount			Capital			Income (Loss)			Deficit			Equity
Balance at January 1, 2013		33,480,189		$	20,316		$	266,419		$	10,643		$	(67,356	)	$	230,022
Net income		—			—			—			—			26,002			26,002
Issuances under option plans		503,321			299			5,394			—			—			5,693
Dividend reinvestment plan		7,390			4			109			—			—			113
Restricted stock vested		112,000			—			—			—			—			—
Restricted stock and stock option grants		33,152			—			2,237			—			—			2,237
Tax benefit from options		—			—			389			—			—			389
Foreign currency translation adjustment		—			—			—			(9,292	)		—			(9,292	)
Repurchase of common stock		(530,983	)		(314	)		(7,782	)		—			—			(8,096	)
Stock contributions		12,682			8			194			—			—			202
Shares withheld for employee taxes on equity awards		(44,973	)		—			(684	)		—			—			(684	)
Declared dividends - $.36 per share		—			—			—			—			(12,155	)		(12,155	)
Pension liability, net of tax of $605		—			—			—			1,076			—			1,076
Balance at December 31, 2013		33,572,778			20,313			266,276			2,427			(53,509	)		235,507
Net loss		—			—			—			—			(8,681	)		(8,681	)
Issuances under option plans		227,664			138			2,654			—			—			2,792
Dividend reinvestment plan		7,159			4			130			—			—			134
Restricted stock vested		123,829			75			(75	)		—			—			—
Restricted stock and stock option grants		15,055			10			2,825			—			—			2,835
Tax benefit from options		—			—			679			—			—			679
Foreign currency translation adjustment		—			—			—			(13,318	)		—			(13,318	)
Repurchase of common stock		(2,742,506	)		(1,660	)		(53,237	)		—			—			(54,897	)
Stock contributions		9,376			6			194			—			—			200
Shares withheld for employee taxes on equity awards		(50,393	)		(31	)		(1,052	)		—			—			(1,083	)
Declared dividends - $.52 per share		—			—						—			(16,800	)		(16,800	)
Pension liability, net of tax of $448		—			—			—			(797	)		—			(797	)
Balance at December 31, 2014		31,162,962			18,855			218,394			(11,688	)		(78,990	)		146,571
Net income		—			—			—			—			17,762			17,762
Issuances under option plans		239,908			162			2,613			—			—			2,775
Dividend reinvestment plan		8,968			5			144			—			—			149
Restricted stock vested		120,723			78			(78	)		—			—			—
Restricted stock and stock option grants		—			—			5,277			—			—			5,277
Tax benefit from options		—			—			38			—			—			38
Foreign currency translation adjustment		—			—			—			(27,622	)		—			(27,622	)
Repurchase of common stock		(1,992,379	)		(1,193	)		(28,830	)		—			—			(30,023	)
Stock contributions		8,250			5			143			—			—			148
Shares withheld for employee taxes on equity awards		(26,866	)		(17	)		(958	)		—			—			(975	)
Declared dividends - $.54 per share		—			—			—			—			(16,597	)		(16,597	)
Pension liability, net of tax of $113		—			—			—			200			—			200
Balance at December 31, 2015		29,521,566		$	17,895		$	196,743		$	(39,110	)	$	(77,825	)	$	97,703

The accompanying notes are an integral part of these statements.

32

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flows

For the Years Ended December 31, 2015, 2014 and 2013

(Dollars in thousands)

	2015			2014			2013
Cash Flows From Operating Activities
Net income (loss)	$	17,762		$	(8,681	)	$	26,002
Income (loss) from discontinued operations, net of income taxes		3,709			(17,642	)		(440	)
Income from continuing operations		14,053			8,961			26,442
Adjustments to reconcile income from continuing operations to net cash provided by    (used for) operating activities
Depreciation		24,712			24,173			20,386
Amortization		10,267			6,999			3,142
Non-cash stock compensation		4,934			3,115			2,557
Deferred taxes		(315	)		(2,665	)		(2,729	)
Tax benefit from options		(38	)		(679	)		(390	)
Other		762			562			1,257
Payments on performance based compensation		(1,303	)		(1,293	)		(1,719	)
Accrued interest income on note receivable		(1,060	)		—			—
Other long-term liabilities		1,106			341			(978	)
Cash flows provided by (used for) working capital
Accounts receivable		3,499			2,710			(1,964	)
Inventories		5,271			2,377			3,011
Prepaid expenses and other assets		573			(966	)		(840	)
Accounts payable and accrued expenses		(13,107	)		8,122			26,758
Net cash provided by (used for) operating activities - continuing operations		49,354			51,757			74,933
Net cash provided by (used for) operating activities - discontinued operations		(11,622	)		(13,062	)		21,135
Net cash provided by (used for) operating activities		37,732			38,695			96,068
Cash Flows From Investing Activities
Capital expenditures		(23,727	)		(24,170	)		(20,709	)
Acquisition of business, net of cash acquired		—			(156,620	)		(600	)
Proceeds from sale of property, plant and equipment		1,261			566			—
Proceeds from sale of business		70,762			—			—
Other		—			—			(273	)
Net cash provided by (used for) investing activities - continuing operations		48,296			(180,224	)		(21,582	)
Net cash provided by (used for) investing activities - discontinued operations		(581	)		11,626			(8,359	)
Net cash provided by (used for) investing activities		47,715			(168,598	)		(29,941	)
Cash Flows From Financing Activities
Proceeds from long-term debt		—			89,000			11,000
Repayments on long-term debt		—			—			(32,683	)
Net (repayments) borrowing on credit facility		(37,110	)		106,493			(24,492	)
Cash dividends paid		(16,675	)		(15,707	)		(9,103	)
Proceeds from issuance of common stock		2,924			2,926			5,805
Tax benefit from options		38			679			390
Repurchase of common stock		(30,023	)		(54,897	)		(8,096	)
Shares withheld for employee taxes on equity awards		(975	)		(1,083	)		(684	)
Deferred financing costs		—			(547	)		(608	)
Net cash provided by (used for) financing activities - continuing operations		(81,821	)		126,864			(58,471	)
Net cash provided by (used for) financing activities - discontinued operations		—			—			(2,317	)
Net cash provided by (used for) financing activities		(81,821	)		126,864			(60,788	)
Foreign exchange rate effect on cash		(958	)		1,176			(2,748	)
Net increase (decrease) in cash		2,668			(1,863	)		2,591
Cash at January 1		4,676			6,539			3,948
Cash at December 31	$	7,344		$	4,676		$	6,539
Supplemental Disclosures of Cash Flow Information
Cash paid during the year for
Interest	$	10,131		$	4,973		$	4,196
Income taxes	$	10,138		$	11,355		$	12,321

The accompanying notes are an integral part of these statements.

33

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements

(Dollar amounts in thousands, except where otherwise indicated)

1.  Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. All subsidiaries that are not wholly owned and are not included in the consolidated operating results of the Company are immaterial investments which have been accounted for under the equity or cost method. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.

Certain items previously reported in specific financial statement captions have been reclassified to conform to the fiscal 2015 presentation.

Accounting Standards Adopted

In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Balance Sheet Classification of Deferred Taxes, which amends the existing guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet and eliminates the prior guidance, which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The amendments in this ASU are effective for financial statements for annual periods and interim periods within those annual periods beginning after December 15, 2016, with early adoption permitted. In addition, the new guidance can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company adopted this ASU on a prospective basis effective as of December 31, 2015. As required by ASU 2015-17, all deferred tax assets and liabilities are classified as noncurrent in the accompanying Consolidated Statements of Financial Position as of December 31, 2015. As the Company elected prospective application of this ASU, prior periods were not adjusted.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 300): Simplifying the Measurement of Inventory, which applies to inventory measured using first-in, first out (“FIFO”) or average cost. This update prescribes that an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This update is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively with early adoption permitted at the beginning of an interim or annual reporting period. The Company adopted this standard in the fourth quarter of 2015, and the impact of adoption was not material to the Company’s results of operations, cash flows or financial position.

Accounting Standards Not Yet Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under ASU 2016-02, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The new standard is effective for the Company beginning January 1, 2019 and requires a modified retrospective approach. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements.

In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments in relation to business combinations. Under existing standards, the measurement-period adjustments are calculated as if they were known at the acquisition date, and are recognized by revising information in prior periods. Under the new standard, measurement-period adjustments continue to be calculated as if they were known at the acquisition date, but are recognized in the reporting period in which they are determined, with no revisions to prior periods relating to the business combination. In addition to the current disclosure requirement explaining the nature and amount of the measurement-period adjustments, additional disclosures will be required to explain the impact on current period income statement line items of adjustments that would have been recognized in prior periods if such period information had been revised. ASU 2015-16 is effective for annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2015, with early adoption permitted. ASU 2015-16 will be adopted on January 1, 2016. The adoption of this standard is not expected to have a material impact on the Company's financial statements.

34

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-03) - Simplifying the Presentation of Debt Issuance Costs which requires unamortized debt issuance costs to be presented as a reduction of the corresponding debt liability rather than a separate asset.ASU 2015-03 will be adopted on January 1, 2016.The adoption of this standard is not expected to have a material impact on the Company's financial statements.

In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Under ASU 2014-15, management will be required to perform interim and annual assessments of the Company’s ability to continue as a going concern within one year of the date the financial statements are issued. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The adoption of this standard is not expected to have an impact on the Company’s financial statement disclosures.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to clarify the principles used to recognize revenue for all entities. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Under the original issuance, the new standard would have been effective beginning January 1, 2017. In August 2015, the FASB issued ASU 2015-14 which delays the standard effective date by one year. In accordance with this delay, the new standard will be effective for the Company beginning January 1, 2018. Early adoption is permitted, but not before the original effective date of the standard. Companies can transition to the new standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact the adoption of this guidance will have on its consolidated financial statements as well as the method by which the Company will adopt the new standard.

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income (loss) as a separate component of shareholders' equity.

Fair Value Measurement

The Company follows guidance included in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied under U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximate carrying value due to the nature and relative short maturity of these assets and liabilities.

The fair value of debt under the Company’s Loan Agreement approximates carrying value due to the floating rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs. At December 31, 2015 and 2014, the aggregate fair value of the Company's $100.0 million fixed rate senior unsecured notes was estimated at $102.1 million and $106.8 million, respectively.

35

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk primarily consist of trade accounts receivable. The concentration of accounts receivable credit risk is generally limited based on the Company’s diversified operations, with customers spread across many industries and countries. The Company’s largest single customer in 2015 accounts for approximately 4% of net sales with no other customer greater than 3%. Outside of the United States, only customers located in Brazil and Canada, which account for approximately 5% and 5% of net sales, respectively, are significant to the Company’s operations. In addition, management has established certain requirements that customers must meet before credit is extended. The financial condition of customers is continually monitored and collateral is usually not required. The Company evaluates the collectability of accounts receivable based on a combination of factors. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific allowance for doubtful accounts is recorded against amounts due to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. Additionally, the Company also reviews historical trends for collectability in determining an estimate for its allowance for doubtful accounts. If economic circumstances change substantially, estimates of the recoverability of amounts due the Company could be reduced by a material amount. Expense related to bad debts was approximately $0.3 million, $0.4 million and $0.5 million for the years 2015, 2014 and 2013, respectively. Deductions from the allowance for doubtful accounts, net of recoveries, were approximately $0.5 million, $0.9 million and $0.8 million for the years 2015, 2014 and 2013, respectively.

Factoring

The Company's wholly-owned subsidiaries Plasticos Novel Do Nordeste S.A. and Plasticos Novel Do Parana S.A. (collectively, "Novel") entered into a factoring agreement to sell, without recourse, certain of their Brazilian real-based trade accounts receivables to unrelated third party financial institutions as part of its working capital management. The sale of these receivables accelerated the collection of cash and reduced credit exposure. Under the terms of the factoring agreements, the Company retains no rights or interest and has no obligations with respect to the sold receivables. As such, the factoring of trade receivables under these agreements are accounted for as a sale. The Company accounts for its trade receivable factoring program as required under ASC 860, Transfers and Servicing. During 2015, $5.8 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $5.4 million. During 2014, $9.1 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $8.8 million. The receivables sold pursuant to the factoring agreements have been recorded as a reduction of trade accounts receivable and as cash provided by operating activities in the accompanying Consolidated Statements of Cash Flows. The Company pays an administrative fee based on the dollar value of the receivables sold. Administrative fees related to the program for 2015 and 2014 were approximately $0.4 million $0.3 million, respectively. These fees are included in general and administrative expenses in the accompanying Consolidated Statements of Operations.

Inventories

Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Approximately 40 percent of our inventories are valued using the LIFO method of determining cost. All other inventories are valued at the FIFO method of determining cost.

If the FIFO method of inventory cost valuation had been used exclusively by the Company, inventories would have been $5.1 million, $6.8 million and $8.1 million higher than reported at December 31, 2015, 2014 and 2013, respectively. The liquidation of LIFO inventories decreased cost of sales and increased income from continuing operations before income taxes by less than $0.1 million in 2015, $0.4 million in 2014 and less than $0.1 million in 2013.

Property, Plant and Equipment

Property, plant and equipment are carried at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization on the basis of the straight-line method over the estimated useful lives of the assets as follows:

Buildings	20 to 40 years
Machinery and Equipment	3 to 10 years
Leasehold Improvements	5 to 10 years

36

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

At December 31, 2015 and 2014, the Company had approximately $4.1 million and $2.1 million, respectively, of capitalized software costs included in machinery and equipment on the accompanying Consolidated Statements of Financial Position.Amortization expense related to capitalized software costs was approximately $0.5 million,$0.3 millionand $0.1 million in 2015, 2014 and 2013, respectively.

Long-Lived Assets

The Company reviews its long-lived assets and identifiable intangible assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Determination of potential impairment related to assets to be held and used is based upon undiscounted future cash flows resulting from the use and ultimate disposition of the asset. For assets held for disposal, the amount of potential impairment may be based upon appraisal of the asset, estimated market value of similar assets or estimated cash flow from the disposition of the asset. Refer to Note 4 for discussion of the Lawn and Garden business 2014 impairment charge.

Revenue Recognition

The Company recognizes revenues from the sale of products, net of estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) and are as follows:

	Foreign Currency			Defined Benefit  Pension Plans			Total
Balance at January 1, 2013	$	12,785		$	(2,142	)	$	10,643
Other comprehensive income (loss) before reclassifications		(9,292	)		1,005			(8,287	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($40)(1)		—			71			71
Net current-period other comprehensive income (loss)		(9,292	)		1,076			(8,216	)
Balance at December 31, 2013		3,493			(1,066	)		2,427
Other comprehensive income (loss) before reclassifications		(13,318	)		(826	)		(14,144	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($16)(1)		—			29			29
Net current-period other comprehensive income (loss)		(13,318	)		(797	)		(14,115	)
Balance at December 31, 2014		(9,825	)		(1,863	)		(11,688	)
Other comprehensive income (loss) before reclassifications		(17,131	)		144			(16,987	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($32)(1)		(10,491	)		56			(10,435	)
Net current-period other comprehensive income (loss)		(27,622	)		200			(27,422	)
Balance at December 31, 2015	$	(37,447	)	$	(1,663	)	$	(39,110	)

(1) The accumulated other comprehensive income (loss) components related to defined benefit pension plans are included in the computation of net periodic pension cost. (See Note 12-Retirement Plans for additional details.) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.

Shipping and Handling

Shipping and handling expenses are primarily classified as selling expenses in the accompanying Consolidated Statements of Operations. The Company incurred shipping and handling costs of approximately $16.4 million, $19.4 million and $17.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.

37

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

Stock Based Compensation

The Company has stock plans that provide for the granting of stock-based compensation to employees and to non-employee directors. Shares issued for option exercises or restricted shares may be either from authorized but unissued shares or treasury shares. The Company records the costs of the plan under the provisions of ASC 718, Compensation — Stock Compensation. For transactions in which the Company obtains employee services in exchange for an award of equity instruments, the Company measures the cost of the services based on the grant date fair value of the award. The Company recognizes the cost over the period during which an employee is required to provide services in exchange for the award, referred to as the requisite service period (usually the vesting period).

Income Taxes

Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be received or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company evaluates its tax positions in accordance with ASC 740, Income Taxes. ASC 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized under ASC 740. The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

Cash flows used in investing activities excluded $6.6 million, $0.2 million and $0.5 million of accrued capital expenditures in 2015, 2014 and 2013, respectively.

2.  Acquisitions

On July 2, 2014, CA Acquisition Inc., now known as Scepter Canada Inc., and a wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of substantially all of the assets and assumption of certain liabilities of Scepter Corporation and certain real property of SHI Properties Inc., both located in Scarborough, Ontario, Canada. Contemporaneously with the asset acquisition, Crown US Acquisition Company, now known as Scepter US Holding Company, and another wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of all of the issued and outstanding membership interests of Eco One Leasing, LLC and Scepter Manufacturing, LLC, both located in Miami, Oklahoma. Eco One Leasing, LLC was subsequently merged into Scepter Manufacturing, LLC. The total purchase price for these acquisitions (collectively, “Scepter”) was approximately $156.6 million in cash, which includes a final working capital adjustment of approximately $1.2 million. The acquisition of Scepter was funded from net proceeds from additional borrowings of approximately $134.1 million under the Fourth Amended and Restated Loan Agreement and cash on hand of $22.5 million.

The acquisition of Scepter strengthens and expands the Company's position as an industry leading producer of portable marine fuel containers, portable fuel and water containers and accessories, ammunition containers, storage totes and environmental bins for the marine, military, consumer and industrial markets. The acquisition of Scepter is consistent with the Company's business strategy and the products fit well with the Company's overall portfolio. The operating results of Scepter have been included within our Consolidated Statements of Operations and within the Company's Material Handling Segment since the date of acquisition. The Consolidated Statement of Operations for the Company for the year ended December 31, 2014 included net sales of $39.4 million and an operating loss of $5.4 million related to Scepter. Scepter's operating results included $2.3 million of inventory purchase accounting fair value adjustments charged to cost of sales as the inventory was sold. In addition, transactional costs of approximately $3.6 million

38

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

for the year ended December 31, 2014 are included in general and administrative expenses in theaccompanying Consolidated Statements of Operations.

The Company accounted for the acquisition of Scepter using the acquisition method of accounting, which requires among other things, the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. The purchase price allocation is completed, and adjustments to the purchase price allocation in 2015 were not material.

Scepter's assets and liabilities were recorded at fair value as of the date of acquisition using primarily level 3 fair value inputs. The purchase consideration, related final allocations, and resulting excess over fair value of net assets acquired are as follows:

Assets acquired:
Current assets	$	34,572
Property, plant and equipment		44,613
Intangible assets		66,500
Assets acquired	$	145,685
Liabilities assumed:
Current liabilities	$	8,577
Total liabilities assumed		8,577
Goodwill		19,512
Total consideration	$	156,620

Goodwill is calculated as the excess of the consideration transferred over the assets acquired and liabilities assumed and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The Company expects that approximately $10.3 million of goodwill recognized for the acquisition will be deductible for tax purposes in Canada.

Identifiable intangible assets acquired in connection with the acquisition of Scepter are as follows:

			Estimated
	Fair Value		Useful Life	Valuation Method
Intangible assets not subject to amortization:
Trademarks and trade names	$	8,900	Indefinite	Relief from royalty
Intangible assets subject to amortization:
Technology		22,300	10 years	Relief from royalty
Customer relationships		35,300	6 years	Multi-periodexcessearnings
		57,600
Total	$	66,500

The following unaudited pro forma information presents a summary of the consolidated results of operations for the Company as if the acquisition of Scepter had occurred on January 1, 2013.

	For the Year Ended
	December 31, 2014		December 31, 2013
Net sales	$	675,046	$	679,567
Income from continuing operations	$	16,206	$	30,271
Net income per share from continuing operations:
Basic	$	0.50	$	0.89
Diluted	$	0.50	$	0.89

39

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The unaudited pro forma consolidated results are based on the Company’s historical financial statements and those of Scepter and do not necessarily indicate the results of operations that would have resulted had the acquisition actually been completed at the beginning of the applicable period presented. The unaudited pro forma results reflect the business combination accounting effects from the acquisition including amortization charges from the acquired intangible assets, inventory purchase accounting adjustments charged to cost of sales as the inventory is sold and increased interest expense associated with debt incurred to fund the acquisition. The unaudited pro forma consolidated results do not give effect to the synergies of the acquisition and are not indicative of the results of operations in future periods.

3.  Goodwill and Intangible Assets

The Company is required to test for impairment of goodwill and indefinite-lived intangible assets on at least an annual basis. The Company conducted its annual impairment assessment as of October 1 for all of its reporting units, noting no impairment in 2015, 2014 or 2013. Based on procedures conducted to test impairment of goodwill of the Company’s reporting units, the fair values of the Plasticos Novel do Nordeste S. A. (“Novel”) and Jamco Products, Inc. (“Jamco”) reporting units did not substantially exceed their carrying value as of our assessment date in 2015. The estimated fair value of Novel and Jamco exceeded their carrying values by approximately 10% and 20%, respectively. Although no goodwill impairment charge is required for 2015, it does present a risk of future impairment for the goodwill assigned to those reporting units. The decline in the fair values of these businesses was driven primarily by reduced profitability as a result of lower margins and a prolonged economic downturn in the Brazilian economy impacting Novel. As a result, management decreased future projections of the operating results and cash flows in assessing goodwill at these reporting units. The Company tests for impairment whenever events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. Such events may include, but are not limited to, significant changes in economic and competitive conditions, the impact of the economic environment on the Company’s customer base or its businesses, or a material negative change in its relationships with significant customers.

During the 2015 annual review of goodwill, management performed a two-step quantitative test for all of its reporting units. In evaluating goodwill for impairment using the two-step test, the Company uses a combination of valuation techniques primarily using discounted cash flows to estimate the fair values of its business reporting units and market based multiples as supporting evidence. The variables and assumptions used, all of which are level 3 fair value inputs, include the projections of future revenues and expenses, working capital, terminal values, discount rates and long term growth rates. The market multiples observed in sale transactions are determined separately for each reporting unit, and are based on the weighted average cost of capital for each of the Company’s reporting units, which ranged from 11.0% to 14.5% in 2015. In addition the Company makes certain judgments about the selection of comparable companies used in determining market multiples in valuing our reporting units, as well as certain assumptions to allocate shared assets and liabilities to calculate values for each of our reporting units. The underlying assumptions used are based on historical actual experience and future expectations. The Company compares the fair value of each of its reporting units to their respective carrying values, including related goodwill. The Company also compares our book value and the estimates of fair value of the reporting units to our market capitalization as of and at dates near the annual testing date. Management uses this comparison as additional evidence of the fair value of the Company, as our market capitalization may be suppressed by other factors such as the control premium associated with a controlling shareholder, our leverage or general expectations regarding future operating results and cash flows. In situations where the implied value of the Company under the Income or Market Approach are significantly different than our market capitalization, the Company re-evaluates and adjusts, if necessary, the assumptions underlying our Income and Market Approach models. Our estimate of the fair values of these reporting units, and the related goodwill, could change over time based on a variety of factors, including the aggregate market value of the Company’s common stock, actual operating performance of the underlying businesses or the impact of future events on the cost of capital and the related discount rates used.

40

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The change in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 is as follows:

	Distribution		Material Handling			Total
January 1, 2014	$	505	$	50,570		$	51,075
Acquisitions		—		19,812			19,812
Foreign currency translation		—		(4,248	)		(4,248	)
December 31, 2014		505		66,134			66,639
Measurement period adjustments		—		(300	)		(300	)
Foreign currency translation		—		(2,304	)		(2,304	)
December 31, 2015	$	505	$	63,530		$	64,035

Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. The Company performs an annual impairment assessment for the indefinite lived trade names which had a carrying value of $10,859 and $11,256 at December 31, 2015 and 2014, respectively. In performing this assessment the Company uses an income approach, based primarily on level 3 inputs, to estimate the fair value of the trade name. The Company records an impairment charge if the carrying value of the trade name exceeds the estimated fair value at the date of assessment.

Intangible assets at December 31, 2015 and 2014 consisted of the following:

			2015							2014
	Weighted Average Remaining Useful Life (years)		Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Trade Names - Indefinite Lived			$	10,859	$	—		$	10,859	$	11,256	$	—		$	11,256
Trade Names		4.3		280		(142	)		138		280		(110	)		170
Customer Relationships		4.1		40,427		(16,165	)		24,262		41,332		(7,964	)		33,368
Technology		8.0		27,177		(5,166	)		22,011		27,642		(2,552	)		25,090
Patents		1.2		11,724		(10,464	)		1,260		10,888		(8,538	)		2,350
Non-Compete		0.0		—		—			—		150		(149	)		1
			$	90,467	$	(31,937	)	$	58,530	$	91,548	$	(19,313	)	$	72,235

Intangible amortization expense was $9,802, $6,466 and $2,769 in 2015, 2014 and 2013, respectively. Estimated annual amortization expense for intangible assets with finite lives for the next five years is: $9,492 in 2016; $8,584 in 2017; $8,200 in 2018, $7,705 in 2019 and $4,972 in 2020.

4.  Discontinued Operations

On June 20, 2014, the Company completed the sale of the assets and associated liabilities of its wholly-owned subsidiaries WEK Industries, Inc. and Whiteridge Plastics LLC (collectively “WEK”) for approximately $20.7 million, which includes a working capital adjustment of approximately $0.8 million. Of the total proceeds from the sale of WEK, approximately $1.0 million was held in escrow until it was received in December 2015. The Company recorded a gain on the sale of WEK in 2014 of approximately $3.0 million, net of tax of $1.6 million, which was included in income (loss) from discontinued operations in the Consolidated Statements of Operations.

During the second quarter of 2014, the Company’s Board of Directors approved the commencement of the sale process to divest its Lawn and Garden business to allow it to focus resources on its core growth platforms. The Lawn and Garden business served the North American horticulture market with plastic products such as seedling trays, nursery products, hanging baskets, custom print containers as well as decorative resin planters. The business was sold February 17, 2015 to an entity controlled by Wingate Partners V, L.P., a private equity firm, for $110.0 million, subject to a working capital adjustment. The sale of the Lawn & Garden business included manufacturing facilities and offices located in Twinsburg, Ohio; Middlefield, Ohio; Elyria, Ohio; Sparks, Nevada; Sebring, Florida; Brantford, Ontario; and Burlington, Ontario. The terms of the agreement include a $90.0 million cash payment, promissory

41

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

notes totaling$20.0 million that mature in August 2020, a 6% interest rate and approximately $8.6 million placed in escrow that is due to be settled by August 2016. The fair market value of the notes at February 17, 2015 was $17.8 million and is included in Notes Receivable in the accompanying Consolidated Statements of Financial Position, in which the carrying value represents the fair value at date of sale plus accretion as of December 31, 2015. The fair value of the notes receivable was calculated using level 2 inputs as defined in Note 1.A disagreement between the parties over the calculation of the final working capital adjustment was resolved by arbitration on March 9, 2016. As a result of the final ruling, the Company recorded an additional gain of $0.6 million, net of tax, in 2015. The final working capital adjustment will result in a cash payment to the buyer of approximately $4.0 million in 2016. The total gain on the sale of the Lawn and Garden business was$4.7 million, net of tax, during 2015 and is included in income (loss) from discontinued operations in the accompanying Consolidated Statements of Operations.

Since the second quarter of 2014 and until the business was sold on February 17, 2015, the Lawn and Garden business met the held-for-sale criteria under the requirements of ASC 360, Property, Plant and Equipment. Accordingly, at December 31, 2014, the Company had classified and accounted for the assets and liabilities of the Lawn and Garden business as held for sale in the accompanying Consolidated Statements of Financial Position and the operating results of Lawn and Garden and WEK, for periods prior to the sale, net of tax, as discontinued operations in the accompanying Consolidated Statements of Operations for all periods presented. In addition, the Company performed a fair value assessment of the Lawn and Garden business. The fair value, determined as sales price less cost to sell the business, was less than its carrying value at December 31, 2014, resulting in an $18.9 million impairment charge reported as discontinued operations in the accompanying Consolidated Statements of Operations for the year ended December 31, 2014.

Summarized selected financial information for the Lawn and Garden business and WEK for the years ended December 31, 2015, 2014 and 2013 are presented in the following table:

	Year Ended
	December 31,
	2015*			2014**			2013
Net sales	$	29,335		$	204,716		$	240,477
Loss from discontinued operations before income taxes	$	(1,214	)	$	(30,038	)	$	(394	)
Income tax (benefit) expense		(262	)		(9,408	)		46
Loss from discontinued operations		(952	)		(20,630	)		(440	)
Net gain on sale of discontinued operations, inclusive of tax benefit of ($2.8 million) for the year ended December 31, 2015 and tax provision of $1.6 million for the year ended December 31, 2014		4,661			2,988			—
Income (loss) from discontinued operations, net of income taxes	$	3,709		$	(17,642	)	$	(440	)

* Includes Lawn and Garden operating results through February 17, 2015.

** Includes WEK operating results through June 20, 2014.

42

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The assets and liabilities of discontinued operations are stated separately as of December 31, 2014 in the Consolidated Statements of Financial Position and are comprised of the following items:

	December 31, 2014
Assets
Accounts receivable-net	$	29,794
Inventories		50,951
Prepaid expenses and other current assets		1,709
Goodwill		9,107
Patents and other intangible assets, net		6,030
Property, plant and equipment, net		38,168
Net asset impairment*		(18,858	)
Other		874
Total Assets Held for Sale	$	117,775
Liabilities
Accounts payable	$	22,239
Accrued expenses and other liabilities		4,883
Total Liabilities Held for Sale	$	27,122

* Impairment includes the cumulative translation credit adjustment associated with the Lawn and Garden business.

The Lawn and Garden business restructuring plan, announced in July 2013, detailed the closure of two manufacturing plants: one in Brantford, Ontario and the second in Waco, Texas. The restructuring actions included closure, relocation and employee related costs. Through December 31, 2014, the Lawn and Garden business incurred approximately $14.0 million of severance charges and personnel costs under its restructuring plan. Restructuring actions under the plan have been completed.

Restructuring charges related to discontinued operations for the year ended 2015, 2014 and 2013 are presented in the following table:

	Year Ended December 31,
	2015		2014		2013*
Severance and personnel	$	—	$	1,743	$	2,614
Other exit costs		—		3,762		6,189
Total	$	—	$	5,505	$	8,803

* Includes WEK restructuring charges of $0.2 million in 2013.

5.  Net Income (Loss) Per Common Share

Net income (loss) per common share, as shown on the accompanying Consolidated Statements of Operations, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	2015		2014		2013
Weighted average common shares outstanding basic		30,616,485		32,232,965		33,588,720
Dilutive effect of stock options and restricted stock		327,208		471,047		454,705
Weighted average common shares outstanding diluted		30,943,693		32,704,012		34,043,425

Options to purchase 463,200, 198,500 and 123,900 shares of common stock that were outstanding at December 31, 2015, 2014 and 2013, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares, and were therefore anti-dilutive.

43

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

6.  Restructuring

The charges related to various restructuring programs implemented by the Company are included in selling, general and administrative (“SG&A”) expenses and cost of sales depending on the type of cost incurred. The restructuring charges are presented in the following table.

	2015						2014						2013
Segment	Cost of sales		SG&A		Total		Cost of sales		SG&A		Total		Cost of sales		SG&A		Total
Distribution	$	—	$	124	$	124	$	—	$	764	$	764	$	—	$	194	$	194
Material Handling		1,340		912		2,252		189		260		449		178		47		225
Corporate		—		35		35		—		—		—		—		17		17
Total	$	1,340	$	1,071	$	2,411	$	189	$	1,024	$	1,213	$	178	$	258	$	436

In 2015, the Material Handling Segment consolidated two manufacturing plants, streamlined Brazilian operations, closed a Canadian branch operation and sold a product line. The Company recorded $2.3 million of restructuring cost for these initiatives, primarily related to severance and moving expenses for equipment and inventory.

During 2014, the Distribution Segment closed its Canadian branches operating under the name Myers Tire Supply International.  The restructuring actions included closure, lease cancellation and employee related costs, which amounted to approximately $0.8 million.  Restructuring actions under the plan have been completed.

Also during 2014, the Material Handling Segment restructured its sales and finance organization within several of its businesses.  Restructuring costs of $0.4 million were incurred related to these actions.

During 2013, the Distribution Segment recorded restructuring costs of $0.2 million related to branch closure and severance costs.  The Material Handling Segment incurred costs of $0.2 million related to severance.

No accruals remain related to restructuring programs as of December 31, 2015 and 2014.  

7.  Other Accrued Expenses

As of December 31, 2015 and 2014, the balance in other accrued expenses is comprised of the following:

	2015		2014
Deposits and amounts due to customers	$	9,351	$	10,591
Dividends payable		4,190		4,267
Accrued litigation and professional fees		308		3,458
Other accrued expenses		9,379		7,856
	$	23,228	$	26,172

8.  Stock Compensation

The Company’s Amended and Restated 2008 Incentive Stock Plan (the “2008 Plan”) authorizes the Compensation Committee of the Board of Directors to issue up to 4,000,000 shares of various types of stock based awards including stock options, restricted stock, restricted stock units and stock appreciation rights to key employees and directors. Options granted and outstanding vest over the requisite service period and expire ten years from the date of grant.

44

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The following tables summarize stock option activity in the past three years:

Options granted in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		208,200	$	18.67
2014		209,500	$	20.93
2013		323,400	$	14.77

Options exercised in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		239,508	$9.97 to $17.02
2014		228,064	$9.97 to $17.02
2013		503,321	$8.00 to $18.62

In addition, options totaling 71,567, 43,252 and 164,528 expired or were forfeited during the years ended December 31, 2015, 2014 and 2013, respectively.

Options outstanding and exercisable at December 31, 2015, 2014 and 2013 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		WeightedAverage Exercise Price
2015		1,409,881	$9.00 to $20.93		1,231,544	$	13.47
2014		1,512,756	$9.00 to $20.93		1,066,219	$	11.58
2013		1,574,572	$9.00 to $18.62		1,057,694	$	11.48

Stock compensation expense reduced income before taxes approximately $4,934, $3,115 and $2,557 for the years ended December 31, 2015, 2014, and 2013, respectively. These expenses are included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. Total unrecognized compensation cost related to non-vested share based compensation arrangements at December 31, 2015 was approximately $3,918 which will be recognized over the next three years, as such compensation is earned.

The fair value of options granted is estimated using an option pricing model based on assumptions set forth in the following table. The Company uses historical data to estimate employee exercise and departure behavior. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and through the expected term. The dividend yield rate is based on the Company’s historical dividend yield. The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole. In 2015, 2014 and 2013, the Company used the binomial lattice option pricing model based on assumptions set forth in the following table.

	2015			2014			2013
Risk free interest rate		2.10	%		2.80	%		1.86	%
Expected dividend yield		2.90	%		2.50	%		2.40	%
Expected life of award (years)		8.0			7.0			7.0
Expected volatility		50.00	%		50.00	%		50.00	%
Fair value per option share	$	6.03		$	7.05		$	5.39

45

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The following table provides a summary of stock option activity for the period ended December 31, 2015:

	Shares			Average Exercise Price		Weighted Average Life	Aggregate Intrinsic Value
Outstanding at December 31, 2014		1,512,756		$	13.24
Options Granted		208,200			18.67
Options Exercised		(239,508	)		11.57
Canceled or forfeited		(71,567	)		17.30
Outstanding at December 31, 2015		1,409,881			14.12	5.47	$	1,904
Exercisable at December 31, 2015		1,231,544		$	13.47	5.02	$	1,904

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The intrinsic value of stock options exercised in 2015, 2014 and 2013 was $1,151, $1,744 and $2,588, respectively.

The following table provides a summary of combined restricted stock units and restricted stock activity for the year ended December 31, 2015:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2014		236,196
Granted		224,994		$	16.65
Vested		(209,002	)		16.55
Forfeited		(22,798	)		18.63
Unvested shares at December 31, 2015		229,390		$	16.68

Restricted stock units are rights to receive shares of common stock, subject to forfeiture and other restrictions, which vest over a two or three year period. Restricted shares are considered to be non-vested shares under the accounting guidance for share-based payment and are not reflected as issued and outstanding shares until the restrictions lapse. At that time, the shares are released to the grantee and the Company records the issuance of the shares. Restricted stock awards are valued based on the market price of the underlying shares on the grant date. Compensation expense is recognized on a straight-line basis over the requisite service period. At December 31, 2015, restricted stock awards had vesting periods up through December 2018.

9.  Contingencies

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance.

New Idria Mercury Mine

Effective October 2011, the U.S. Environmental Protection Agency (“EPA”) added the New Idria Mercury Mine site located near Hollister, California to the Superfund National Priorities List because of alleged contaminants discharged to California waterways. The New Idria Quicksilver Mining Company, founded in 1936, and later renamed the New Idria Mining & Chemical Company ("NIMCC") owned and/or operated the New Idria Mine through 1976. In 1981 NIMCC, after another name change, was merged into Buckhorn Metal Products Inc. which was subsequently acquired by Myers Industries in 1987. The EPA contends that past mining operations have resulted in mercury contamination and acid mine drainage at the mine site, in the San Carlos Creek, Silver Creek and a portion of Panoche Creek, and that other downstream locations may also be impacted.

In September 2015, a subsidiary of the Company, Buckhorn, Inc. (“Buckhorn”) received a notice letter and related documents from EPA (the “Notice Letter”) formally informing Buckhorn that it considers it to be a potentially responsible party (“PRP”) in connection with the New Idria Mercury Mine site. As a result of this Notice Letter, Buckhorn and the Company expect to engage in negotiations with EPA with respect to a draft Administrative Order proposed by EPA for the Remedial Investigation/Feasibility Study (“RI/FS”) for the site to determine the extent of remediation necessary and the screening of alternatives. The Company recognized an expense of

46

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

$1.9 million, on an undiscounted basis, in 2011 related to performing a RI/FS. As part of the Notice Letter, EPA also made a claim for approximately $1.6 million in past costs for actions it claims it has taken in connection with the New Idria Mercury Mine site since 1993. These costs include approximately $0.5 million for an interim removal project at the New Idria Mercury Mine site completed by the EPA in November 2011. It is expected this removal action will be part of the final remediation strategy for the site. The Company currently expects to challenge EPA's past cost claims. The Company reserved an additional $1.3 million in 2015 related to the EPA claim, reflected as an increase in general and administrative expenses in the Consolidated Statements of Operations. Total payments of approximately $1.2 million have been made and charged against the reserve classified in Other Liabilities on the Consolidated Statements of Financial Position, which brings the total accrued balance related to this matter to $2.0 million at December 31, 2015. As negotiations with the EPA proceed with respect to the RI/FS, it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. Estimates of the Company’s liability are based on current facts, laws, regulations and technology. Estimates of the Company’s environmental liabilities are further subject to uncertainties regarding the negotiations with EPA, the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluation and cost estimates, the extent of remedial actions that may be required, the number and financial condition of other PRPs that may be named as well as the extent of their responsibility for the remediation, and the availability of insurance coverage for these expenses. At this time, we have not accrued for remediation costs in connection with this site as we are unable to estimate the liability, given the circumstances referred to above, including the fact the final remediation strategy has not yet been determined.

Other

Buckhorn and Schoeller Arca Systems, Inc. (“SAS”) were plaintiffs in a patent infringement lawsuit against Orbis Corp. and Orbis Material Handling, Inc. (“Orbis”) for alleged breach by Orbis of an exclusive patent license agreement from SAS to Buckhorn. SAS is an affiliate of Schoeller Arca Systems Services B.V. (“SASS B.V.”), a Dutch company. SAS manufactures and sells plastic returnable packaging systems for material handling. In the course of the litigation, it was discovered that SAS had given a patent license agreement to a predecessor of Orbis that pre-dated the one that SAS sold to Buckhorn. As a result, judgment was entered in favor of Orbis, and the court awarded attorney fees and costs to Orbis in the amount of $3.1 million, plus interest and costs.

In May 2014, Orbis made demand to SAS that SAS pay the judgment in full, and subsequently in July 2014, Orbis made the same demand to Buckhorn. Buckhorn believed it was not responsible for any of the judgment because it was not a party to the Orbis license. Despite this belief, the Company recorded expense of $3.0 million during the third quarter of 2014 for the entire amount of the unpaid judgement. The United States Court of Appeals for the Federal Circuit reversed the judgment against Buckhorn on July 2, 2015, and found that Buckhorn was not liable to Orbis for any portion of the judgment entered in favor of Orbis. Accordingly, Myers reversed the accrual of $3.0 million during 2015, which was reflected as a reduction of general and administrative expenses. The Federal Circuit Court of Appeals rejected Orbis' petition for rehearing and rehearing en banc. All opportunities for Orbis to appeal have expired. The United States District Court for the Southern District of Ohio has now released Buckhorn’s appellate bond. Buckhorn is also pursuing legal action against SAS and SASS B.V. for fraudulently selling an exclusive patent license they could not sell and related claims. That case is now pending in United States District Court for the Southern District of New York. In August 2014, SASS B.V. informed Buckhorn that SAS may not have the financial ability to pay any judgment against it and provided financial statements to Buckhorn indicating SAS was in financial distress while SASS B.V. was financially stable. Given the uncertainty of SAS’s financial status, it is not known at this time what the likelihood of recovering from SAS (or SASS B.V.) would be in the event that there is a favorable outcome for Buckhorn in the New York court. 

When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary.

Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position, cash flows or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

47

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

10.  Long-Term Debt and Loan Agreements

Long-term debt at December 31, 2015 and 2014 consisted of the following:

	2015		2014
Loan Agreement	$	93,512	$	137,109
4.67% Senior Unsecured Notes due 2021		40,000		40,000
5.25% Senior Unsecured Notes due 2024		11,000		11,000
5.30% Senior Unsecured Notes due 2024		29,000		29,000
5.45% Senior Unsecured Notes due 2026		20,000		20,000
		193,512		237,109
Less unamortized deferred financing costs		506		680
	$	193,006	$	236,429

On December 13, 2013, the Company entered into a Fourth Amended and Restated Loan Agreement (the “Loan Agreement”). The Loan Agreement provided for a $200 million senior revolving credit facility expiring on December 13, 2018, which replaced the then existing $180 million facility. In addition, on May 30, 2014, the Company entered into a First Amendment to the Loan Agreement (the "Loan Amendment"). The Loan Amendment increased the senior revolving credit facility from $200 million to $300 million through December 2018 and provided for an additional subsidiary of the Company as a borrower and as a guarantor of the credit facility. Amounts borrowed under the agreement are secured by pledges of stock of certain of our foreign and domestic subsidiaries.

Under the terms of the Loan Agreement, the Company may borrow up to $300.0 million, reduced for letters of credit issued. As of December 31, 2015, the Company had $202.2 million available under the Loan Agreement. The Company had $4.3 million of letters of credit issued related to insurance and other financing contracts in the ordinary course of business at December 31, 2015. Borrowings under the Loan Agreement bear interest at the LIBOR rate, prime rate, federal funds effective rate, the Canadian deposit offered rate, or the eurocurrency reference rate depending on the type of loan requested by the Company, in each case plus the applicable margin as set forth in the Loan Agreement. The average interest rate on borrowings under our loan agreements were 4.59% for 2015 and 4.00% for 2014, which includes a quarterly facility fee on the used and unused portion.

On October 22, 2013, the Company entered into a note purchase agreement for the private placement of Senior Unsecured Notes totaling $100 million with a group of investors. The four series of notes range in face value from $11 million to $40 million, with interest rates ranging from 4.67% to 5.45%, payable semiannually, and expiring between 2021 and 2026. At December 31, 2013, the Company had received $11 million of its 5.25% Senior Unsecured Notes due January 15, 2024 under the note purchase agreement. The remaining proceeds of $89 million under the note purchase agreement were subsequently received in January 2014. At December 31, 2015, $100 million was outstanding.

Long-term debt of $193.0 million at December 31, 2015 includes $0.5 million of unamortized deferred financing costs, which is accounted for as a debt valuation account. Amounts outstanding at December 31, 2015 under the Loan Agreement and note purchase agreement mature in 2018 and 2021 to 2026, respectively.

As of December 31, 2015, the Company was in compliance with all of its debt covenants associated with its Loan Agreement and Senior Unsecured Notes. The most restrictive financial covenants for all of the Company’s debt are an interest coverage ratio (defined as earnings before interest, taxes, depreciation and amortization, as adjusted, divided by interest expense) and a leverage ratio (defined as total debt divided by earnings before interest, taxes, depreciation and amortization, as adjusted). The ratios as of December 31, 2015 are shown in the following table:

	Required Level	Actual Level
Interest Coverage Ratio	3.00 to 1(minimum)		7.52
Leverage Ratio	3.25 to 1 (maximum)		2.55

48

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

11.  Income Taxes

The effective tax rate from continuing operations was 35.7% in 2015, 36.4% in 2014 and 33.5% in 2013. A reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Percent of Income before Income Taxes
	2015			2014			2013
Statutory Federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes - net of Federal tax benefit		0.2			(4.5	)		2.9
Foreign tax rate differential		(2.4	)		1.8			(0.2	)
Domestic production deduction		(4.0	)		(6.6	)		(3.1	)
Non-deductible expenses		4.9			7.0			1.3
Changes in unrecognized tax benefits		(1.8	)		(2.5	)		(0.2	)
Foreign tax incentives		(2.3	)		(3.0	)		(2.2	)
Valuation allowances		4.8			9.0			—
Other		1.3			0.2			—
Effective tax rate for the year		35.7	%		36.4	%		33.5	%

Income from continuing operations before income taxes was attributable to the following sources:

	2015		2014			2013
United States	$	19,546	$	21,074		$	38,089
Foreign		2,316		(6,991	)		1,696
Totals	$	21,862	$	14,083		$	39,785

Income tax expense (benefit) from continuing operations consisted of the following:

	2015					2014						2013
	Current		Deferred			Current			Deferred			Current		Deferred
Federal	$	6,677	$	(368	)	$	8,298		$	(1,208	)	$	13,273	$	(1,413	)
Foreign		504		783			(277	)		(710	)		629		(920	)
State and local		943		(730	)		(234	)		(747	)		2,170		(396	)
	$	8,124	$	(315	)	$	7,787		$	(2,665	)	$	16,072	$	(2,729	)

49

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

Significant components of the Company’s deferred taxes as of December 31, 2015 and 2014 are as follows:

	2015			2014
Deferred income tax liabilities
Property, plant and equipment	$	12,989		$	11,629
Tax-deductible goodwill		7,871			7,728
Non-deductible intangibles		282			1,843
State deferred taxes		212			687
Other		1,010			483
		22,364			22,370
Deferred income tax assets
Compensation		7,081			6,716
Inventory valuation		945			636
Allowance for uncollectible accounts		194			260
Non-deductible accruals		3,892			2,631
Other		—			15
Net operating loss carryforwards		4,715			5,050
		16,827			15,308
Valuation Allowance		(3,664	)		(4,326	)
		13,163			10,982
Net deferred income tax liability	$	9,201		$	11,388

ASC 740 Income Taxes requires that deferred tax assets be reduced by a valuation allowance, if based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. Available evidence includes the reversal of existing taxable temporary differences, future taxable income exclusive of temporary differences, taxable income in carryback years and tax planning strategies. At December 31, 2015, the Company has deferred tax assets of $4.7 million resulting from $14.2 million of foreign net operating tax loss carryforwards, as well as $3.7 million of related valuation allowances primarily related to Brazil. These net operating tax loss carryforwards will begin to expire in 2034.

The following table summarizes the activity related to the Company’s valuation allowance:

	2015			2014			2013
Balance at January 1	$	(4,326	)	$	(4,264	)	$	(5,128	)
(Charged) Credited to Expense		(763	)		414			25
Net write-offs		—			—			—
Foreign currency translation adjustment		1,425			(476	)		839
Balance at December 31	$	(3,664	)	$	(4,326	)	$	(4,264	)

No provision has been recorded for unremitted earnings of foreign subsidiaries as it is the Company’s intention to indefinitely reinvest the earnings of those subsidiaries. Accordingly, at December 31, 2015, the Company had not recorded a deferred tax liability related to investments in its foreign subsidiaries that are essentially permanent in duration. The amount of such temporary differences was estimated to be approximately $16.4 million and may become taxable in the U.S. upon a repatriation of assets or a sale or liquidation of the subsidiaries. It is not practical to estimate the related amount of unrecognized tax liability.

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	2015			2014			2013
Balance at January 1	$	483		$	840		$	910
Increases related to current year tax positions		—			—			—
Increases related to previous year tax positions		151			5			—
Reductions due to lapse of applicable statute of limitations		(483	)		(362	)		(48	)
Reduction due to settlements		—			—			(22	)
Balance at December 31	$	151		$	483		$	840

50

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The total amount of gross unrecognized tax benefits that would reduce the Company’s effective tax rate was $0.2 million, $0.5 million and $0.8 million at December 31, 2015, 2014 and 2013, respectively. The amount of accrued interest expense included as a liability within the Company’s Consolidated Statements of Financial Position was less than $0.1 million for December 31, 2015 and 2014 and $0.1 million for December 31, 2013. The December 31, 2015 balance of unrecognized tax benefits includes approximately $0.2 million of unrecognized tax benefits for which it is reasonably possible that they will be recognized within the next twelve months. This amount represents a decrease in unrecognized benefits related to expiring statutes in U.S. Federal and state jurisdictions.

The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns.  As of December 31, 2015 the Company is no longer subject to U.S. Federal examinations by tax authorities for tax years before 2012. The Company is subject to state and local examinations for tax years of 2011 through 2015. In addition, the Company is subject to non-U.S. income tax examinations for tax years of 2010 through 2015.

12.  Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan (“The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02”) provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.

Net periodic pension cost for the years ended December 31, 2015, 2014 and 2013 was as follows:

	2015			2014			2013
Interest cost	$	272		$	280		$	259
Expected return on assets		(332	)		(371	)		(333	)
Amortization of net loss		88			45			111
Net periodic pension cost	$	28		$	(46	)	$	37

The reconciliation of changes in projected benefit obligations are as follows:

	2015			2014
Projected benefit obligation at beginning of year	$	7,167		$	6,150
Interest cost		272			280
Actuarial (gain) loss		(496	)		1,235
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Projected benefit obligation at end of year	$	6,465		$	7,167
Accumulated benefit obligation at end of year	$	6,465		$	7,167

The assumptions used to determine the net periodic benefit cost and benefit obligations are as follows:

	2015			2014			2013
Discount rate for net periodic pension cost		3.90	%		4.70	%		3.75	%
Discount rate for benefit obligations		4.30	%		3.90	%		4.70	%
Expected long-term return of plan assets		7.50	%		8.00	%		8.00	%

The expected long-term rate of return assumption is based on the actual historical rate of return on assets adjusted to reflect recent market conditions and future expectations consistent with the Company’s current asset allocation and investment policy. This policy provides for aggressive capital growth balanced with moderate income production. Though inherent risks of equity exposure exist, returns generally are less volatile than maximum growth programs. The assumed discount rates represent long-term high quality corporate bond rates commensurate with the liability duration of the plan.

51

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

The following table reflects the change in the fair value of the plan’s assets:

	2015			2014
Fair value of plan assets at beginning of year	$	5,713		$	5,577
Actual return on plan assets		60			316
Company contributions		148			318
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Fair value of plan assets at end of year	$	5,443		$	5,713

The fair value of plan assets are all categorized as level 1 and were determined based on period end closing, quoted prices in active markets.

The weighted average asset allocations at December 31, 2015 and 2014 are as follows:

	2015			2014
U.S. Equities securities		83	%		82	%
U.S. Debt securities		15	%		17	%
Cash		2	%		1	%
Total		100	%		100	%

The following table provides a reconciliation of the funded status of the plan at December 31, 2015 and 2014:

	2015			2014
Projected benefit obligation	$	6,465		$	7,167
Plan assets at fair value		5,443			5,713
Funded status	$	(1,022	)	$	(1,454	)

The funded status shown above is included in other long-term liabilities in the Company’s Consolidated Statements of Financial Position at December 31, 2015 and 2014. The Company doesn’t expect to make a contribution to the plan in 2016.

Benefit payments projected for the plan are as follows:

2016	$	378
2017		374
2018		366
2019		371
2020		376
2021-2025		1,898

The Myers Industries Profit Sharing and 401(k) Plan is maintained for the Company’s U.S. based employees, not covered under defined benefit plans, who have met eligibility service requirements. The Company recognized expense related to the 401(k) employer matching contribution in the amount of $2,363, $3,018 and $2,802 in 2015, 2014 and 2013, respectively.

In addition, the Company has a Supplemental Executive Retirement Plan (“SERP”) to provide certain participating senior executives with retirement benefits in addition to amounts payable under the 401(k) plan. Expense (income) related to the SERP was approximately $188, $402, and $(152) for the years ended December 2015, 2014 and 2013, respectively. The SERP liability was based on the discounted present value of expected future benefit payments using a discount rate of 4.30% at December 31, 2015 and 3.90% at December 31, 2014. The SERP liability was approximately $4,174 and $4,280 at December 31, 2015 and 2014, respectively, and is included in Accrued Employee Compensation and Other Long-Term Liabilities on the accompanying Consolidated Statements of Financial Position. The SERP is unfunded.

52

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

13.  Leases

The Company and certain of its subsidiaries are committed under non-cancelable operating leases involving certain facilities and equipment. Aggregate rental expense for all leased assets was $4,222, $4,708 and $4,199 for the years ended December 31, 2015, 2014 and 2013, respectively.

Future minimum rental commitments are as follows:

Year Ended December 31,	Commitment
2016	$	3,904
2017		2,111
2018		1,010
2019		457
2020		454
Thereafter		1,322
Total	$	9,258

14.  Industry Segments

Using the criteria of ASC 280, Segment Reporting, the Company manages its business under two operating segments, Material Handling and Distribution, consistent with the manner in which our Chief Operating Decision Maker evaluates performance and makes resource allocation decisions. None of the reportable segments include operating segments that have been aggregated.  These segments contain individual business components that have been combined on the basis of common management, customers, products, production processes and other economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

The Material Handling Segment manufactures a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products and rotationally-molded plastic tanks for water, fuel and waste handling. This segment conducts its primary operations in the United States, but also operates in Brazil and Canada. Markets served encompass various niches of industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and others. Products are sold both directly to end-users and through distributors.

The Distribution Segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. The product line includes categories such as tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment and tools, and tire repair/retread supplies. The Distribution Segment operates domestically through sales offices, and four regional distribution centers in the United States and in foreign countries through export sales. In addition, the Distribution Segment operates directly in certain foreign markets, principally Central America, through foreign branch operations. Markets served include retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies.

Total sales from foreign business units and export to countries outside the U.S. were approximately $105.6 million, $110.4 million, and $95.1 million for the years ended December 31, 2015, 2014 and 2013, respectively. Sales made to customers in Brazil accounted for approximately 4.7% of total net sales in 2015, 7.3% in 2014 and 8.2% in 2013. Sales made to customers in Canada accounted for approximately 5.2% of total net sales in 2015, 4.2% in 2014 and 3.3% in 2013. There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, consisting of property, plant and equipment, were approximately $33.2 million at December 31, 2015 and $44.8 million at December 31, 2014.

53

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

	2015			2014			2013
Net Sales
Material Handling	$	414,030		$	432,054		$	380,605
Distribution		187,637			191,873			204,460
Intra-segment elimination		(129	)		(278	)		(332	)
	$	601,538		$	623,649		$	584,733
Income from Continuing Operations Before Income Taxes
Material Handling	$	49,762		$	31,903		$	47,428
Distribution		16,114			16,024			21,727
Corporate		(35,015	)		(25,309	)		(24,839	)
Interest expense - net		(8,999	)		(8,535	)		(4,531	)
	$	21,862		$	14,083		$	39,785
Identifiable Assets
Material Handling	$	335,506		$	370,501		$	240,897
Distribution		58,772			57,523			63,340
Corporate		35,638			19,034			4,652
Discontinued Operations		—			117,775			160,568
	$	429,916		$	564,833		$	469,457
Capital Additions, Net
Material Handling	$	21,422		$	22,197		$	18,787
Distribution		1,795			1,786			915
Corporate		510			187			1,007
	$	23,727		$	24,170		$	20,709
Depreciation and Amortization
Material Handling	$	32,667		$	29,013		$	21,728
Distribution		998			1,022			859
Corporate		1,314			1,137			941
	$	34,979		$	31,172		$	23,528

15.  Summarized Quarterly Results of Operations (Unaudited)

Thousands of Dollars, Except Per Share Data

Quarter Ended 2015	March-31		June-30		September-30			December-31			Total
Net Sales	$	156,348	$	164,335	$	141,661		$	139,194		$	601,538
Gross Profit		45,757		50,581		41,686			40,254			178,278
Income (loss) from continuing operations(1)		2,622		10,925		631			(125	)		14,053
Income (loss) from discontinued operations, net(2)		2,617		494		(298	)		896			3,709
Net income(1)(2)		5,239		11,419		333			771			17,762
Income (loss) per common share from continuing    operations:
Basic*	$	0.08	$	0.35	$	0.02		$	—		$	0.46
Diluted*	$	0.08	$	0.35	$	0.02		$	—		$	0.45
Income (loss) per common share from discontinued    operations:
Basic*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Diluted*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Net income per share:
Basic*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.58
Diluted*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.57

54

MYERS INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Financial Statements - (Continued)

(Dollar amounts in thousands, except where otherwise indicated)

Quarter Ended 2014	March-31			June-30			September-30			December-31			Total
Net Sales	$	150,485		$	152,784		$	162,109		$	158,271		$	623,649
Gross Profit		42,071			42,532			39,961			36,715			161,279
Income (loss) from continuing operations(3)		4,763			6,327			(3,618	)		1,489			8,961
Income (loss) from discontinued operations, net(4)		(4,083	)		(578	)		875			(13,856	)		(17,642	)
Net income (loss)(3)(4)		680			5,749			(2,743	)		(12,367	)		(8,681	)
Income (loss) per common share from continuing    operations:
Basic*	$	0.14		$	0.20		$	(0.11	)	$	0.05		$	0.28
Diluted*	$	0.14		$	0.19		$	(0.11	)	$	0.05		$	0.27
Income (loss) per common share from discontinued    operations:
Basic*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.55	)
Diluted*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.54	)
Net income (loss) per share:
Basic*	$	0.02		$	0.18		$	(0.09	)	$	(0.39	)	$	(0.27	)
Diluted*	$	0.02		$	0.17		$	(0.09	)	$	(0.39	)	$	(0.27	)

(1) During the quarter ended September 30, 2015, the Company recorded an out of period adjustment of $1.1 million ($0.7 million after tax) related to stock compensation expense. In addition, the Company reserved an additional $1.3 million in Other Liabilities related to the EPA claim related to the New Idria Mercury Mine during the quarter ended September 30, 2015.

(2) A gain on the sale of the Lawn and Garden business of $3.8 million was recognized during the first quarter of 2015 and an additional gain of $0.9 million was recognized in the fourth quarter of 2015. These gains are included in income from discontinued operations in the accompanying Consolidated Statements of Operations.

(3) During the quarter ended December 31, 2014, the Company recorded out of period, after-tax charges totaling approximately $3.2 million, of which approximately $1.8 million related to periods prior to 2014 primarily as a result of adjustments identified related to inventory and fixed assets at its Brazilian operations within the Material Handling Segment. The Company concluded such adjustments were not material to its consolidated financial statements for any previously reported interim period within 2014 or for any annual period impacted by such adjustments prior to 2014.

(4) During the quarter ended December 31, 2014, the Company recorded an $18.9 million impairment charge attributable to assets held-for-sale at year end.  Refer to Note 4 to the Consolidated Financial Statements.

* The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share due to the computation of weighted shares outstanding during the period.

55

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE. 

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures, as defined under Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended, that are designed to ensure that information required to be disclosed in the Company’s reports under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms and that such information is accumulated and communicated to the Company’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

The Company carries out a variety of on-going procedures, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, to evaluate the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on the foregoing, the Company’s Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were ineffective as of December 31, 2015 as a result of the material weakness in the Company’s internal control over financial reporting related to inventory valuation as described below.

Management’s report on internal control over financial reporting, and the report of the independent registered public accounting firm on internal control over financial reporting are titled “Management’s Annual Assessment of and Report on Internal Control Over Financial Reporting” and “Report of Independent Registered Public Accounting Firm”, respectively, and are included herein.

Changes in Internal Control Over Financial Reporting

As previously disclosed under Item 9A - Controls and Procedures on Form 10-K for the year ended December 31, 2014, management identified deficiencies in both the design and operating effectiveness of the Company’s internal control over financial reporting, which when aggregated, represented two material weaknesses in internal control over (1) the inventory process at our Brazilian operations and (2) the financial statement close process, including insufficient management oversight and monitoring of the controls at our Brazilian operations as of December 31, 2014. Specifically, the management review controls performed at our Brazilian operations were not performed at an appropriate level of precision and as a result, failed to detect errors or identify inadequate support for inventory account balances and the inventory costing process. The financial statement close process at our Brazilian operations lacked sufficient review controls over account reconciliations and manual journal entries to ensure that account balances and journal entries were supported by accurate and complete information. Additionally, the financial statement close process did not include adequately designed controls to provide for sufficient oversight and monitoring by Segment and Corporate management to detect the errors within our Brazilian operations resulting from the inadequate review controls over account reconciliations and journal entries.

We have taken actions during 2015 to address the underlying causes of these deficiencies at our Brazilian operations. We enhanced our complement of resources at our Brazilian operations with accounting and internal control knowledge through additional hiring and training to implement and perform additional controls over the preparation and review of account reconciliations and approval of manual journal entries. We implemented revised policies and procedures associated with the preparation and retention of supporting documentation for account reconciliations as well as the review and approval of manual journal entries prior to posting to the general ledger. As it relates to inventory, we implemented new processes, procedures and controls: i) to adequately complete and review monthly reconciliations of inventory perpetual records to the general ledger; ii) to address the proper treatment of reconciling items identified related to inventory; iii) to complete three physical inventory counts at each location in Brazil during 2015, with a plan to complete quarterly physical counts in the future until the perpetual inventory records can be completely relied upon; and iv) to ensure the accuracy of the costing of inventory. Finally, we implemented additional controls to enhance oversight of the financial function in the Brazilian entities and reinforce the need for open communication as issues arise.

Management's assessment of and conclusion on the effectiveness of internal control over financial reporting for 2015 includes the internal controls of Scepter, which was excluded in 2014 in accordance with the SEC's general guidance that an assessment of a recently acquired business may be omitted from the Company's scope in the year of acquisition. The Company acquired Scepter on July 2, 2014.

56

There have been no changes, other than the above noted remediation of control deficiencies at our Brazilian operations, in our internal control over financial reporting during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Management’s Annual Assessment of and Report on Internal Control Over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Exchange Act Rule 13a-15(f). The Company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America.

Because of its inherent limitation, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, the Company conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting based on the framework in “Internal Control – Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework). Based on this assessment, management identified deficiencies in the operating effectiveness of the Company’s internal control over financial reporting over the valuation of inventory in the Material Handling segment, which when aggregated, represents a material weakness. Specifically, management review controls, including segment monitoring controls over the LIFO reserve calculation and capitalization of variances into inventory, were not performed at an appropriate level of precision and as a result, failed to detect errors in the valuation of inventory in 2015. As a result of these deficiencies, the Company was required to record adjustments to its 2015 consolidated financial statements. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis. As a result of this material weakness, management concluded that the Company did not maintain effective internal control over financial reporting as of December 31, 2015.

The effectiveness of the Company’s internal control over financial reporting as of December 31, 2015 has been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in their report included herein.

Management’s Remediation Plan

During 2016, certain actions are being implemented to remediate the above mentioned material weakness in our Material Handling segment, including: improving processes, enhancing management’s review controls to an appropriate level of precision and supplementing the technical competence of our accounting staff with additional training and resources.

R. David Banyard	Greggory W. Branning
President and	Senior Vice President,
Chief Executive Officer	Chief Financial Officer and Corporate Secretary

57

Report of Independent Registered Public Accounting Firm

The Board of Directors and Shareholders of

Myers Industries, Inc. and Subsidiaries

We have audited Myers Industries, Inc. and Subsidiaries' internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 Framework) (the COSO criteria). Myers Industries, Inc. and Subsidiaries’ management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included in the accompanying Management’s Annual Assessment of and Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. The following material weakness has been identified and included in management’s assessment. Management has identified a material weakness in controls related to the inventory valuation process in the Material Handling segment. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated statements of financial position of Myers Industries, Inc. and Subsidiaries as of December 31, 2015 and 2014, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2015. This material weakness was considered in determining the nature, timing and extent of audit tests applied in our audit of the 2015 consolidated financial statements, and this report does not affect our report dated March 14, 2016, which expressed an unqualified opinion on those financial statements.

In our opinion, because of the effect of the material weakness described above on the achievement of the objectives of the control criteria, Myers Industries, Inc. and Subsidiaries has not maintained effective internal control over financial reporting as of December 31, 2015, based on the COSO criteria.

/s/ Ernst & Young LLP

Akron, Ohio

March 14, 2016

58

ITEM 9B. Other Information. 

None.

PART III

ITEM 10. Directors and Executive Officers of the Registrant

For information about the directors of the Company, see the sections titled “Nominees”, “Director Independence”, “Committees of the Board”, Committee Charters and Policies”, Shareholder Nominations of Director Candidates” and “Corporate Governance Policies” of the Company’s Proxy Statement filed with the Securities and Exchange Commission for the Company’s annual meeting of shareholders to be held on April 22, 2016 (“Proxy Statement”), which is incorporated herein by reference.

Each member of the Company’s Audit Committee is financially literate and independent as defined under the Company’s Independence Criteria Policy and the independence standards set by the New York Stock Exchange. The Board has identified Robert A. Stefanko and Robert B. Heisler, Jr. as “Audit Committee Financial Experts”.

Information about the Executive Officers of Registrant appears in Part I of this Report.

Disclosures by the Company with respect to compliance with Section 16(a) appears under the section entitled “Section 16(a) Beneficial Ownership Reporting Compliance” in the Proxy Statement, and is incorporated herein by reference.

For information about our Code of Ethics see the section titled “Corporate Governance Policies” of our Proxy Statement, which is incorporated herein by reference.

ITEM 11. Executive Compensation

See the sections titled “Executive Compensation and Related Information”, “Compensation Committee Interlocks and Insider Participation”, "Compensation Committee Report on Executive Compensation”, “Risk Assessment of Compensation Practices” and “Board Role in Risk Oversight” of the Proxy Statement, which are incorporated herein by reference.

ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

See the sections titled “Security Ownership of Certain Beneficial Owners and Management,” and “Election of Directors” of the Proxy Statement, which are incorporated herein by reference.

	(A)			(B)			(C)
Plan Category	Numberof Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights			Weighted-average Exercise Price of Outstanding Options, Warrants and Rights			Numberof Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (A))
Equity Compensation Plans Approved by Security Holders		1,639,271	(1)	$	14.12	(2)		1,765,787
Equity Compensation Plans Not Approved by Security Holders	–0–			–0–			–0–
Total		1,639,271						1,765,787

(1) This information is as of December 31, 2015 and includes outstanding stock option and restricted share awards granted under the 2008 Incentive Stock Plan and 1999 Incentive Stock Plan.

(2) Represents the weighted average exercise price of outstanding stock options and does not take into account outstanding restricted share awards, which do not have an exercise price.

ITEM 13. Certain Relationships and Related Transactions, and Director Independence

See the sections titled “Policies and Procedures with Respect to Related Party Transactions” and “Director Independence” of the Proxy Statement, which are incorporated herein by reference.

59

ITEM 14. Principal Accounting Fees and Services 

Required information regarding fees paid to and services provided by the Company’s independent registered public accounting firm and the pre-approval policies and procedures of the Audit Committee of the Company’s Board of Directors is set forth under the section titled “Matters Relating to the Independent Registered Public Accounting Firm” of the Proxy Statement, which is incorporated herein by reference.

60

PART IV

ITEM 15. Exhibits, Financial Statement Schedules

The following consolidated financial statements of the Registrant appear in Part II of this Report:

15.(A)(1) Financial Statements

Consolidated Financial Statements of Myers Industries, Inc. and Subsidiaries

· Report of Independent Registered Public Accounting Firm

· Consolidated Statements of Operations For The Years Ended December 31, 2015, 2014 and 2013

· Consolidated Statements of Comprehensive Income (Loss) For the Years Ended December 31, 2015, 2014 and 2013

· Consolidated Statements of Financial Position As of December 31, 2015 and 2014

· Consolidated Statements of Shareholders’ Equity For The Years Ended December 31, 2015, 2014 and 2013

· Consolidated Statements of Cash Flows For The Years Ended December 31, 2015, 2014 and 2013

· Notes to Consolidated Financial Statements For The Years Ended December 31, 2015, 2014 and 2013

15.(A)(2) Financial Statement Schedules

All schedules are omitted because they are inapplicable, not required, or because the information is included in the consolidated financial statements or notes thereto which appear in Part II of this Report.

61

15.(A)(3) Exhibits 

EXHIBIT INDEX

2(a)	Asset Purchase Agreement, dated as of May 30, 2014, among Scepter Corporation, SHI Properties Inc., CA Acquisition Inc., and Myers Industries, Inc. Reference is made to Exhibit 2.1 to Form 8-K filed with the Commission on July 7, 2014.**
2(b)	Unit Purchase Agreement, dated as of May 30, 2014, among Eco One Holdings, Inc., Crown US Acquisition Company, and Myers Industries, Inc. Reference is made to Exhibit 2.2 to Form 8-K filed with the Commission on July 7, 2014.**
2(c)	Indemnification Agreement, dated as of May 30, 2014 among Scepter Corporation, SHI Properties Inc., Eco One Holdings, Inc., Crown US Acquisition Company, and CA Acquisition Inc. Reference is made to Exhibit 2.3 to Form 8-K filed with the Commission on July 7, 2014.**
2(d)	First Amendment to the Asset Purchase Agreement, Unit Purchase Agreement and Indemnification Agreement, dated as of July 2, 2014, among Scepter Corporation, SHI Properties Inc., CA Acquisition Inc., Eco One Holdings, Inc., Crown US Acquisition Company, and Myers Industries, Inc. Reference is made to Exhibit 2.4 to Form 8-K filed with the Commission on July 7, 2014.**
2(e)	Amended and Restated Asset Purchase Agreement, dated as of February 17, 2015, among Myers Industries, Inc., MYE Canada Operations, Inc., and the HC Companies, Inc. Reference is made to Exhibit 2.1 to Form 8-K filed with the Commission on February 18, 2015.**
3(a)	Myers Industries, Inc. Amended and Restated Articles of Incorporation. Reference is made to Exhibit 3(a) to Form 10-K filed with the Commission on March 16, 2005.
3(b)	Myers Industries, Inc. Amended and Restated Code of Regulations. Reference is made to Exhibit 3.1 to Form 8-K filed with the Commission on April 12, 2013.
10(a)	Myers Industries, Inc. Amended and Restated Employee Stock Purchase Plan. Reference is made to Exhibit 10(a) to Form 10-K filed with the Commission on March 30, 2001.
10(b)	Form of Indemnification Agreement for Directors and Officers. Reference is made to Exhibit 10.1 to Form 10-Q filed with the Commission on May 1, 2009.
10(c)	Myers Industries, Inc. Amended and Restated Dividend Reinvestment and Stock Purchase Plan. Reference is made to Exhibit 99 to Post-Effective Amendment No. 2 to Form S-3 filed with the Commission on March 19, 2004.
10(d)	Myers Industries, Inc. Amended and Restated 1999 Incentive Stock Plan. Reference is made to Exhibit 10(f) to Form 10-Q filed with the Commission on August 9, 2006.*
10(e)	Myers Industries, Inc. Executive Supplemental Retirement Plan. Reference is made to Exhibit (10)(g) to Form 10-K filed with the Commission on March 26, 2003.*
10(f)	Amendment to the Myers Industries, Inc. Executive Supplemental Retirement Plan, effective August 12, 2015. Reference is made to the Exhibit 10.1 to Form 8-K filed with the Commission on August 14, 2015.*
10(g)	Severance Agreement between Myers Industries, Inc. and Gregg Branning dated September 1, 2012. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on September 4, 2012.*
10(h)	Severance Agreement between Myers Industries, Inc. and John C. Orr effective June 1, 2011. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on March 7, 2011.*
10(i)	Non-Disclosure and Non-Competition Agreement between Myers Industries, Inc. and John C. Orr dated July 18, 2000. Reference is made to Exhibit 10(j) to Form 10-Q filed with the Commission on May 6, 2003.*
10(j)	Amendment to the Myers Industries, Inc. Executive Supplemental Retirement Plan (John C. Orr) effective June 1, 2008. Reference is made to Exhibit 10.2 to Form 8-K filed with the Commission on June 24, 2008.*
10(k)	First Amendment to the Note Purchase Agreement between Myers Industries, Inc. and the Note Purchasers, regarding the issuance of $40,000,000 of 4.67% Series A Senior Notes due January 15, 2021, $11,000,000 of 5.25% Series B Senior Notes due January 15, 2024, $29,000,000 of 5.30% Series C Senior Notes due January 15, 2024, and $20,000,000 of 5.45% Series D Senior Notes due January 15, 2026, dated July 21, 2015. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on July 23, 2015.
10(l)	Third Amendment to the Myers Industries, Inc. Executive Supplemental Retirement Plan (John C. Orr) effective June 1, 2011. Reference is made to Exhibit 10.2 to Form 8-K filed with the Commission on March 7, 2011.*
10(m)	Non-Competition and Confidentiality Agreement between Myers Industries, Inc. and Gregg Branning dated September 1, 2012. Reference is made to Exhibit 10(s) to Form 10-Q filed with the Commission on May 1, 2013.*
10(n)	Performance Bonus Plan of Myers Industries, Inc. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on April 30, 2013.*
10(o)	Note Purchase Agreement between Myers Industries, Inc. and the Note Purchasers, dated October 22, 2013, regarding the issuance of $40,000,000 of 4.67% Series A Senior Notes due January 15, 2021, $11,000,000 of 5.25% Series B Senior Notes due January 15, 2024, $29,000,000 of 5.30% Series C Senior Notes due January 15, 2024, and $20,000,000 of 5.45% Series D Senior Notes due January 15, 2026. Reference is made to Exhibit 4.1 to Form 8-K filed with the Commission on October 24, 2013.

62

10(p)	Fourth Amended and Restated Loan Agreement among Myers Industries, Inc., MYE Canada Operations, Inc., the lenders party thereto, and JPMorgan Chase Bank, National Association, as Agent, dated December 13, 2013. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on December 17, 2013.
10(q)	First Amendment to Fourth Amended and Restated Loan Agreement among Myers Industries, Inc., the foreign subsidiary borrowers, the lenders party thereto, and JPMorgan Chase Bank, National Association, as Agent, dated May 30, 2014. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on June 4, 2014.
10(r)	Amended and Restated 2008 Incentive Stock Plan of the Company, effective as of March 5, 2015. Reference is made to the Exhibit 10.1 to Form 8-K filed with the Commission on April 30, 2015.*
10(s)	Second Amendment to Fourth Amended and Restated Loan Agreement among Myers Industries, Inc., the foreign subsidiary borrowers, the lenders party thereto, and JPMorgan Chase Bank, National Association, as Agent, dated May 19, 2015. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on May 26, 2015
10(t)	Severance Agreement between the Company and R. David Banyard, entered into as of December 7, 2015. Reference is made to Exhibit 10.1 to Form 8-K filed with the Commission on December 8, 2015.*
10(u)	Non-Competition and Confidentiality Agreement between Myers Industries, Inc. and R. David Banyard dated December 7, 2015.* (filed herewith)
10(v)	Form of Stock Unit Award Agreement under the Amended and Restated 2008 Incentive Stock Plan for Named Executive Officers.* (filed herewith)
10(w)	Form of Stock Unit Award Agreement under the Amended and Restated 2008 Incentive Stock Plan for Eligible Employees.* (filed herewith)
10(x)	Form of Stock Unit Award Agreement under the Amended and Restated 2008 Incentive Stock Plan for Director Awards.* (filed herewith)
10(y)	Form of Option Award Agreement under the Amended and Restated 2008 Incentive Stock Plan for Named Executive Officers.* (filed herewith)
10(z)	Form of Option Award Agreement under the Amended and Restated 2008 Incentive Stock Plan for Eligible Employees.* (filed herewith)
10(aa)	Form of Long Term Cash Award Agreement under the Performance Bonus Plan.* (filed herewith)
10(ab)	Stock Unit Award Agreement (three-year vest period) under the Amended and Restated 2008 Incentive Stock Plan for R. David Banyard dated December 7, 2015.* (filed herewith)
10(ac)	Stock Unit Award Agreement (two-year vest period) under the Amended and Restated 2008 Incentive Stock Plan for R. David Banyard dated December 7, 2015.* (filed herewith)
14	Myers Industries, Inc. Code of Ethics and Business Conduct. Reference is made to Exhibit 14 to Form 8-K filed with the Commission on March 11, 2014.
21	List of Direct and Indirect Subsidiaries, and Operating Divisions, of Myers Industries, Inc.
23	Consent of Independent Registered Public Accounting Firm.
31(a)	Certification of R. David Banyard, President and Chief Executive Officer of Myers Industries, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31(b)	Certification of Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary of Myers Industries, Inc., pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certifications of R. David Banyard, President and Chief Executive Officer, and Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary, of Myers Industries, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following financial information from Myers Industries, Inc. Annual Report on Form 10-K for the year ended December 31, 2015, formatted in XBRL includes: (i) Consolidated Statements of Financial Position (ii) Consolidated Statements of Operations, (iii) Consolidated Statements of Comprehensive Income (Loss), (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statement of Shareholders' Equity, and (vi) the Notes to Consolidated Financial Statements.

* Indicates executive compensation plan or arrangement.

** Pursuant to Item 601(b)(2) of Regulation S-K, certain exhibits and schedules have been omitted from this filing. The registrant agrees to furnish the Commission on a supplemental basis a copy of any omitted exhibit or schedule.

63

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MYERS INDUSTRIES, INC.

/s/ Greggory W. Branning

Greggory W. Branning

Senior Vice President,

Chief Financial Officer and

Corporate Secretary

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

SIGNATURE	TITLE	DATE
/s/ R. David Banyard	President, Chief Executive Officer and Director (Principal Executive Officer)	March 14, 2016
R. DAVID BANYARD
/s/ Greggory W. Branning	Senior Vice President, Chief Financial Officer and Corporate Secretary (Principal Financial and Accounting Officer)	March 14, 2016
GREGGORY W. BRANNING
/s/ Philip T. Blazek	Director	March 14, 2016
PHILIP T. BLAZEK
/s/ Sarah R. Coffin	Director	March 14, 2016
SARAH R. COFFIN
/s/ John B. Crowe	Director	March 14, 2016
JOHN B. CROWE
/s/ William A. Foley	Director	March 14, 2016
WILLIAM A. FOLEY
/s/ Robert B. Heisler, Jr.	Director	March 14, 2016
ROBERT B. HEISLER, JR.
/s/ F. Jack Liebau, Jr.	Director	March 14, 2016
F. JACK LIEBAU, JR.
/s/ Bruce M. Lisman	Director	March 14, 2016
BRUCE M. LISMAN
/s/ Robert A. Stefanko	Director	March 14, 2016
ROBERT A. STEFANKO

64

EX-10.U

Exhibit 10(u)

NON-COMPETITION AND CONFIDENTIALITY AGREEMENT

THIS NON-COMPETITION and CONFIDENTIALITY AGREEMENT (“Agreement”) is made and entered into this 7th day of December, 2015, by and between Myers Industries, Inc., an Ohio Corporation (the “Company”), and R. David Banyard (the “Executive”).

RECITALS:

A.The Company is a diversified international manufacturer of polymer products for the industrial, agricultural, automotive, commercial and consumer markets and distributor of tools, equipment and supplies for tire service and under vehicle repair.  

B.Executive is being employed by the Company as President and Chief Executive Officer.

C.The Company has acquired and established valuable and competitively sensitive information through its business, research, development and practices, which information is described more extensively herein, and is collectively referred to as the “Confidential Information.” To protect the business interests of the Company and the competitive advantage derived from the Confidential Information, it is necessary that such Confidential Information be kept secret and confidential.

D.The Executive, from and after the commencement of employment with the Company, will be engaged in activities such that the Executive will have extensive access to and become familiar with, and may develop or contribute to, some or all of the Company’s Confidential Information.  In addition, Executive will have extensive contact with the customers of the Company and will develop relationships with such customers on behalf of the Company.  The Executive recognizes that the Confidential Information and the Company’s customer relationships are vital to the success of the Company and that extensive, irreparable harm would result were such Confidential Information to be disclosed outside the Company or if Executive were to engage in activity which competes with the Company.

NOW, THEREFORE, in view of the above and in consideration for the mutual covenants and promises set forth below, the parties agree as follows:

1.Confidential Information:  For purposes of this Agreement, Confidential Information includes, but is not limited to, business plans and strategies, marketing plans and strategies, customer lists, customer purchasing information, customer contact information, product design and development information, methods of operation, technical services, non-public financial information, business development plans and strategies, system analyses, quality control programs and information, computer programs, software and hardware configurations, information regarding the terms of the Company’s relationships with suppliers, pricing information, processes and techniques, creations, innovations, and any other information which the Company may reasonably treat or designate as confidential from time to time.  Confidential Information, however, shall not include any information or materials that is or becomes publicly available other than through Executive’s wrongful disclosure of such information or materials.  The Company believes that all Confidential Information constitutes trade secret information under applicable law.  Executive shall,

however, maintain the confidentiality of all Confidential Information whether or not ultimately determined to be a trade secret.   

2.Confidentiality and Non-Competition:  

A. Covenants

(a)Executive acknowledges that the Company would be irreparably injured and the good will of the Company would be irreparably damaged if Executive were to breach the covenants set forth in this Paragraph 2.  Executive further acknowledges that the covenants set forth in this Paragraph 2 are reasonable in scope and duration and do not unreasonably restrict Executive’s association with other business entities, either as an executive or otherwise as set forth herein.  

(b)During Executive’s employment with the Company and any time thereafter, except as may be required by law, Executive shall not, directly or indirectly, disclose, disseminate, reveal, divulge, discuss, copy or otherwise use or suffer to be used, any Confidential Information other than in the authorized scope of Executive’s employment with the Company.  Upon termination of employment, no matter what the reason for such termination, and at any other time upon the request of the Company, Executive shall immediately return to the Company any and all Confidential Information, and all other materials, property and information in tangible or electronic form concerning the business and affairs of the Company and/or its customers.

(c)Executive agrees that during Executive’s employment and for a period of two (2) years following the termination of such employment, no matter what the reason for such termination, Executive will not directly or indirectly, whether on Executive’s own behalf or on behalf of any other person or entity, do or suffer any of the following

(i)Own, manage, control, participate in the ownership, management or control of, be employed or engaged by or otherwise affiliated or associated as a consultant, independent contractor or otherwise with, any person or business entity that competes with the Company in the United States or in any geographic area(s) outside the United States in which the Company does business (the “Restricted Territory”).  Without limiting the generality and scope of the foregoing, any business entity or person providing products or services competitive with those of the Company in the Restricted Territory from either inside or outside the Restricted Territory is deemed to be competing within the Restricted Territory.  For purposes of this Agreement, the phrase “competes with” means providing services and products which are the same as, similar to, reasonably substitutable for, or otherwise capable of displacing the services and products of the Company.  Notwithstanding the foregoing, Executive’s passive investment ownership of not more than one percent (1%) of the stock of any publicly or privately held corporation shall not be deemed a violation of this provision.

(ii)Solicit, provide, sell, attempt to provide or sell, or otherwise deliver or supply any products or services which compete with the products or services of the Company to any person or business entity which is or was a customer or prospective customer of the Company at any time during the last thirty-six (36) months of

2

Executive’s employment, nor shall Executive in any way assist any other person or entity in such activity.  For purposes of this Agreement, (1) the phrase “products or services which compete with the products or services of the Company means products or services which are the same as, similar to, reasonably substitutable for, or otherwise capable of displacing the products or services of the Company; and (2) the term “prospective customer” means any person or entity the Company solicited, called on or otherwise specifically identified as a target for the sale of its products or services. 

(iii)Solicit the services of any person who then currently is, or who at any time during the last twelve (12) months of Executive’s employment with the Company was, an employee of the Company, or otherwise encourage or induce any such person to discontinue his or her relationship with the Company.  Executive will not engage in any business relationship with any consultant, independent contractor, subcontractor, supplier or service provider of the Company which interferes with the Company’s relationship with such consultant, independent contractor, subcontractor, supplier or service provider, or in any way causes such consultant, independent contractor, subcontractor, supplier or service provider to reduce, alter, modify or discontinue the business it (they) do(es) with the Company or any of its affiliates.

3.Inventions: Executive hereby expressly agrees that all research discoveries, inventions and innovations (whether or not reduced to practice or documented), improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether patentable or unpatentable, and whether or not reduced to writing), Confidential Information and copyrightable works, and similar and related information (in whatever form or medium), which (1) either (i) relate to the Company’s or its affiliates’ actual or anticipated business, research and development or existing or future products or services or (ii) result from or are suggested by any work performed by the Executive for the Company or its affiliates and (2) are conceived, developed, made or contributed to in whole or in part by the Executive during his employment (“Work Product”) shall be and remain the sole and exclusive property of the Company or such affiliate.

(i)Work Made for Hire.  The Executive acknowledges that, unless otherwise agreed in writing by the Company, all Work Product eligible for any form of copyright, trademark or patent protection made or contributed to in whole or in part by the Executive within the scope of Executive’s employment by the company during the period of Executive’s employment with the Company shall be deemed a “work made for hire” and shall be owned by the Company or its affiliates, as applicable.

(ii)Assignment of Proprietary Rights.  The Executive hereby assigns, transfers and conveys to the Company, and shall assign, transfer and convey to the Company, all right, title and interest in and to all inventions, ideas, improvements, designs, processes, patent rights, copyrights, trademarks, service marks, trade names, trade secrets, trade dress, data, discoveries and other proprietary assets and proprietary rights in and of the Work Product (the “Proprietary Rights”) for the Company’s exclusive ownership and use, together withall rights to sue and recover for past and future infringement or misappropriation thereof provided that if an affiliate of the Company is the owner thereof; such assignment, transfer and

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conveyance shall be made to such affiliate, which shall enjoy exclusive ownership and use, together with all rights to sue and recover for past and future infringement or misappropriation thereof. 

(iii)Further Instruments. At the request of the Company (or its affiliates, as the case may be), at all times during Executive’s employment with the Company and thereafter, the Executive will promptly and fully assist the Company (or its affiliates, as the case may be) in effecting the purpose of the foregoing assignment, including but not limited to the further acts of executing any and all documents necessary to secure for theCompany (or its affiliates, as the case may be) such Proprietary Rights and other rights to all Work Product and all confidential information related thereto, providing cooperation and giving testimony.

(iv)Inapplicability of Paragraph 3 In Certain Circumstances. The Company expressly acknowledges and agrees that, and the Executive is hereby advised that, this Paragraph 3 does not apply to any invention for which no equipment, supplies, facilities, trade secret information or Confidential Information of the Company or its affiliates was used and which was developed entirely on the Executive’s own time, unless (i) the invention relates to the business of the Company or its affiliates, or to the Company’s or its affiliates’ actual or demonstrably anticipated research or development or (ii) the invention results from or is suggested by any work performed or observed by the Executive for the Company or any of its affiliates.

4.Remedies:  Executive acknowledges that the restrictions contained in Paragraphs 2 and 3 of this Agreement are reasonable in light of Executive’s position with the Company and are necessary to protect the Company from unfair competitive harm.  Executive further acknowledges that any breach of this Agreement will result in immediate irreparable harm to the Company and that the Company shall be entitled to immediate injunctive relief upon any such breach, in addition to all other legal and equitable remedies the Company may have.  This Agreement is to be construed as separate and independent from any other obligations and any claim by Executive asserted against the Company and shall not constitute a defense to the enforcement of this Agreement.  In the event any court determines that the restrictions set forth herein are unreasonable or unenforceable for any reason, the court will enforce such restrictions to the fullest extent permitted by law.

5.Position of Employment:  Executive expressly acknowledges that the obligations contained in Paragraphs 2 and 3 of this Agreement shall remain in full force and effect during Executive’s employment in any position with the Company, with respect to any Confidential Information of the Company.  

6.Validity:  In the event any provision of this Agreement, or portion thereof, is held by a court of competent jurisdiction to be unreasonable, arbitrary, or against public policy, then such provision, or portion thereof, shall be enforced against the Executive to the extent the court deems to be reasonable or in accordance with public policy. In the event any provision of this Agreement shall for any reason be wholly invalid, or unenforceable in any respect, such invalidity shall not affect the validity of any remaining portion which shall remain in full force and effect as if the invalid portion was never part of this Agreement.

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7.Miscellaneous:  Executive acknowledges that the Executive has carefully read this entire Agreement and fully agrees with and understands all of the provisions the hereof. This Agreement supersedes all prior agreements between the Company and the Executive regarding the subject matter of this Agreement and constitutes the entire agreement between the parties with respect to such subject matter. The Executive further agrees that in executing this Agreement, the Executive has not relied on any written or oral representations, promises, conditions, or understandings of the Company, express or implied, except as set forth herein.  This Agreement may not be amended or modified other than in writing signed by the parties. This Agreement and any disputes arising thereunder shall be governed by the laws of the State of Ohio without regard to any State’s choice of law, rules or principles.  Executive and the Company expressly agree that any legal action arising out of or related to this Agreement will be brought exclusively in the state or federal courts located in Summit County, Ohio, and each party expressly consents to the jurisdiction of such courts and waives any and all objections to the jurisdiction or venue thereof.  This Agreement may be assigned to any successor-in-interest to the business of the Company without the consent of Executive, but may not be assigned by Executive to any third party.  This Agreement is not a contract of employment for any definite period and Executive acknowledges that Executive’s employment with the Company is terminable at-will. 

IN WITNESS WHEREOF, the parties have hereunto executed this Agreement as of the date first set forth above.

	Myers Industries, Inc.
Date: 12/2/15	By:	/s/ Sarah R. Coffin
	Print Name:	Sarah R. Coffin, Chairman,
	Compensation Committee
	Executive
Date: 12/2/15	Signature:	/s/ R. David Banyard
	Print Name:	R. David Banyard

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EX-10.V

Exhibit 10(v)

STOCK UNIT AWARD AGREEMENT

This Stock Unit Award Agreement (the “Agreement”) is made as of the _____ day of March 201__ between Myers Industries, Inc., an Ohio corporation (the “Company”), and _______________, an employee (the “Employee”) of the Company or one or more of its Subsidiaries.

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc., as amended and restated (the “Plan”); and

WHEREAS, it is a requirement of the Plan that a Stock Unit Award Agreement be executed to evidence the Stock Units awarded to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree as follows:

1.Grant of Stock Units.  The Company hereby grants to the Employee an Award of _____ Stock Units on the terms and conditions set forth herein and in the Plan.  Each Stock Unit represents the right of the Employee to receive an amount equal to the Fair Market Value of a Share on the date that payment is made with respect to the Stock Unit.

2.Rights with Respect to Stock Units.  The Stock Units granted pursuant to this Agreement represent an unfunded and unsecured obligation of the Company, and the Employee shall have no rights with respect to the Stock Units other than those of a general creditor of the Company.  Prior to the issuance of Shares as payment with respect to the Stock Units, the Employee shall have no rights of ownership in or to the Shares underlying the Stock Units and shall not be deemed the beneficial owner of such Shares.

3.Restrictions on and Vesting of the Stock Units. 

(a)Except as otherwise provided in this Agreement, none of the Stock Units may be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of; provided, however, the right to receive payment with respect to the Stock Units may be transferred upon the death of the Employee to the Employee’s Successor.

(b)The Stock Units subject to this Agreement shall vest in three equal installments on each of the first three anniversaries of the date of this Agreement (each such anniversary, a “Vesting Date”) or, if earlier, upon the termination of the Employee’s employment with the Company and its Subsidiaries by reason of his death, disability or retirement on or after his sixty-fifth birthday, by the Company without Cause (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) or by the Employee with Good Reason (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) (an “Acceleration Event”).

(c)In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for Cause if by the Company or without Good Reason if by the Employee (which, for the avoidance of doubt, will not include a termination by reason of the Employee’s death, disability or retirement on or after the Employee’s sixty-fifth birthday) prior to the earlier of the third anniversary of the date of this Agreement or an Acceleration Event, the Stock Units that have not vested as of the date of such termination shall be immediately and automatically forfeited to the Company without notice for no consideration.

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(d)For purposes of this Agreement, “disability” shall mean a physical or mental incapacity that prevents the Employee from performing his duties for a period of one hundred eighty (180) consecutive days in any period of two (2) consecutive fiscal years of the Company. 

4.Payment and Issuance of Shares.  On each Vesting Date or, if earlier, upon an Acceleration Event (each such Vesting Date or Acceleration Event, a “Payment Date”), or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, the Company shall make a payment to the Employee of one Share for every Stock Unit that became vested as of such Payment Date (and with respect to which a payment has not previously been made pursuant to this Section 4) as payment with respect to each such vested Stock Unit.  If any dividends are declared on the Company’s Shares while the Stock Units subject to this Agreement are outstanding, the Company shall make a payment to the Employee on each Payment Date, or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, with respect to each Stock Unit that became vested as of such Payment Date, in an amount equal to the aggregate amount of dividends that would have been payable to the Employee with respect to each such vested Stock Unit had such vested Stock Unit instead been an issued and outstanding Share on the record date of any such dividends (the “Dividend Equivalent Amount”), but only to the extent that the Dividend Equivalent Amount has not previously been paid to the Employee with respect to such vested Stock Unit.  At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.  At the Company’s election, the Company shall cause the Shares delivered as payment with respect to the vested Stock Units to

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either be evidenced by a book entry account maintained by the Company’s stock transfer agent (the “Transfer Agent”) or by a certificate issued in the Employee’s name.  Upon the earlier of the date the Shares are evidenced in a book entry account maintained by the Transfer Agent or the date a certificate for the Shares are issued in the Employee’s name, the Employee shall be a shareholder with respect to the Shares and shall have all of the rights of a shareholder with respect to the Shares, including the right to vote the Shares and to receive any dividends and other distributions paid with respect to the Shares.  Notwithstanding anything to the contrary herein, following a Change of Control of the Company, the Company, at its election, may elect to make any payment required to be made to the Employee pursuant to this Section 4 in cash rather than Shares. 

5.Taxes.  The Company shall have the right to satisfy any obligation of the Company to withhold taxes or other amounts with respect to the Stock Units by withholding Shares otherwise deliverable to the Employee with respect to the Stock Units having a Fair Market Value equal to the statutory minimum amount of such tax or other withholdings.  Furthermore, the Company may elect to deduct from any cash payment made to the Employee pursuant to this Agreement the amount of any taxes or other amounts which the Company is or will be required to withhold with respect to such cash payment.

6.No Right to Employment.  Nothing in this Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere with or restrict in any way with the right of the Company or any such Subsidiary to terminate his employment at any time for any reason whatsoever, with or without Cause.

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7.Acknowledgement and Section 409A Compliance. 

(a)Employee acknowledges that neither the Company nor any of the Company’s affiliates, officers, shareholders, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the Stock Units subject to this Agreement or any other matter, and the Company has urged the Employee to consult with his own tax advisor with respect to the income taxation consequences associated with the Stock Units subject to this Agreement.

(b)It is intended that this Award of Stock Units comply with Section 409A of the Code, and this Award and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent, although in no event shall the Company have any liability to the Employee if this Award or the terms of this Agreement are determined not to comply with Section 409A of the Code.  For purposes of this Agreement, termination of employment means a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(h).

(c)Whenever payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (30) days after the Payment Date), the actual date of payment within the specified period will be determined solely by the Company.

(d)If the Employee is a “specified employee” within the meaning of Section 409A of the Code at the time of his “separation from service” within the meaning of Section 409A of the Code, then any payment otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking into account all exclusions applicable to such payment under

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Section 409A of the Code) is properly treated as deferred compensation subject to Section 409A of the Code, shall not be made until the first business day after (i) the expiration of six months from the date of the Employee’s separation from service, or (ii) if earlier, the date of the Employee’s death. 

(e)The Employee’s right to receive each installment of Stock Units shall be treated as separate payments for purposes of Section 409A of the Code.

8.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Stock Units are granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

9.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, shall not affect the validity or enforceability of the remainder of this Agreement.

10.Waiver and Modification.  The provisions of this Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

11.Interpretation.  All decisions or interpretations made by the Committee with regard to any question arising under the Plan or this Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee.

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12.Multiple Counterparts.  This Agreement may be signed in multiple counterparts, all of which together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party. 

13.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.

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IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.

By:____________________________________

Its:____________________________________

__________________________, Employee

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EX-10.W

Exhibit 10(w)

STOCK UNIT AWARD AGREEMENT

This Stock Unit Award Agreement (the “Agreement”) is made as of the _____ day of March 201__ between Myers Industries, Inc., an Ohio corporation (the “Company”), and ______________________, an employee (the “Employee”) of the Company or one or more of its Subsidiaries.

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc., as amended and restated (the “Plan”); and

WHEREAS, it is a requirement of the Plan that a Stock Unit Award Agreement be executed to evidence the Stock Units awarded to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree as follows:

1.Grant of Stock Units.  The Company hereby grants to the Employee an Award of _____ Stock Units on the terms and conditions set forth herein and in the Plan.  Each Stock Unit represents the right of the Employee to receive an amount equal to the Fair Market Value of a Share on the date that payment is made with respect to the Stock Unit.

2.Rights with Respect to Stock Units.  The Stock Units granted pursuant to this Agreement represent an unfunded and unsecured obligation of the Company, and the Employee shall have no rights with respect to the Stock Units other than those of a general creditor of the Company.  Prior to the issuance of Shares as payment with respect to the Stock Units, the Employee shall have no rights of ownership in or to the Shares underlying the Stock Units and shall not be deemed the beneficial owner of such Shares.

3.Restrictions on and Vesting of the Stock Units. 

(a)Except as otherwise provided in this Agreement, none of the Stock Units may be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of; provided, however, the right to receive payment with respect to the Stock Units may be transferred upon the death of the Employee to the Employee’s Successor.

(b)The Stock Units subject to this Agreement shall vest in three equal installments on each of the first three anniversaries of the date of this Agreement (each such anniversary, a “Vesting Date”) or, if earlier, upon the termination of the Employee’s employment with the Company and its Subsidiaries by reason of his death, disability or retirement on or after his sixty-fifth birthday or the termination of the Employee’s employment with the Company and its Subsidiaries without Cause if by the Company or for Good Reason if by the Employee, in either case following a Change in Control of the Company (an “Acceleration Event”).

(c)In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for any reason other than (i) by reason of the Employee’s death, disability or retirement on or after the Employee’s sixty-fifth birthday prior to the earlier of the third anniversary of the date of this Agreement or (ii) by the Company without Cause or by the Employee for Good Reason, in either case following a Change in Control of the Company, the Stock Units that have not vested as of the date of such termination shall be immediately and automatically forfeited to the Company without notice for no consideration.

(d)For purposes of this Agreement, “disability” shall mean a physical or mental incapacity that prevents the Employee from performing his duties for a period of

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one hundred eighty (180) consecutive days in any period of two (2) consecutive fiscal years of the Company. 

4.Payment and Issuance of Shares.  On each Vesting Date or, if earlier, upon an Acceleration Event (each such Vesting Date or Acceleration Event, a “Payment Date”), or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, the Company shall make a payment to the Employee of one Share for every Stock Unit that became vested as of such Payment Date (and with respect to which a payment has not previously been made pursuant to this Section 4) as payment with respect to each such vested Stock Unit.  If any dividends are declared on the Company’s Shares while the Stock Units subject to this Agreement are outstanding, the Company shall make a payment to the Employee on each Payment Date, or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, with respect to each Stock Unit that became vested as of such Payment Date, in an amount equal to the aggregate amount of dividends that would have been payable to the Employee with respect to each such vested Stock Unit had such vested Stock Unit instead been an issued and outstanding Share on the record date of any such dividends (the “Dividend Equivalent Amount”), but only to the extent that the Dividend Equivalent Amount has not previously been paid to the Employee with respect to such vested Stock Unit.  At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.  At the Company’s election, the Company shall cause the Shares delivered as payment with respect to the vested Stock Units to either be evidenced by a book entry account maintained by the Company’s stock transfer agent (the “Transfer Agent”) or by a certificate issued in the Employee’s name.  Upon the earlier of the

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date the Shares are evidenced in a book entry account maintained by the Transfer Agent or the date a certificate for the Shares are issued in the Employee’s name, the Employee shall be a shareholder with respect to the Shares and shall have all of the rights of a shareholder with respect to the Shares, including the right to vote the Shares and to receive any dividends and other distributions paid with respect to the Shares.  Notwithstanding anything to the contrary herein, following a Change of Control of the Company, the Company, at its election, may elect to make any payment required to be made to the Employee pursuant to this Section 4 in cash rather than Shares. 

5.Taxes.  The Company shall have the right to satisfy any obligation of the Company to withhold taxes or other amounts with respect to the Stock Units by withholding Shares otherwise deliverable to the Employee with respect to the Stock Units having a Fair Market Value equal to the statutory minimum amount of such tax or other withholdings.  Furthermore, the Company may elect to deduct from any cash payment made to the Employee pursuant to this Agreement the amount of any taxes or other amounts which the Company is or will be required to withhold with respect to such cash payment.

6.No Right to Employment.  Nothing in this Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere with or restrict in any way with the right of the Company or any such Subsidiary to terminate his employment at any time for any reason whatsoever, with or without cause.

7.Acknowledgement and Section 409A Compliance.

(a)Employee acknowledges that neither the Company nor any of the Company’s affiliates, officers, shareholders, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the Stock Units

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subject to this Agreement or any other matter, and the Company has urged the Employee to consult with his own tax advisor with respect to the income taxation consequences associated with the Stock Units subject to this Agreement. 

(b)It is intended that this Award of Stock Units comply with Section 409A of the Code, and this Award and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent, although in no event shall the Company have any liability to the Employee if this Award or the terms of this Agreement are determined not to comply with Section 409A of the Code.  For purposes of this Agreement, termination of employment means a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(h).

(c)Whenever payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (30) days after the Payment Date), the actual date of payment within the specified period will be determined solely by the Company.

(d)If the Employee is a “specified employee” within the meaning of Section 409A of the Code at the time of his “separation from service” within the meaning of Section 409A of the Code, then any payment otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking into account all exclusions applicable to such payment under Section 409A of the Code) is properly treated as deferred compensation subject to Section 409A of the Code, shall not be made until the first business day after (i) the expiration of six months from the date of the Employee’s separation from service, or (ii) if earlier, the date of the Employee’s death.

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(e)The Employee’s right to receive each installment of Stock Units shall be treated as separate payments for purposes of Section 409A of the Code. 

8.Cause and Good Reason.  For purposes of this Agreement the terms “Cause” and “Good Reason” shall have the following meanings:

(a)“Cause” means:

(i)The commission by the Employee (evidenced by a conviction or written, voluntary and freely given confession) of a criminal act constituting a felony involving fraud or moral turpitude;

(ii)the repeated failure of the Employee to follow the reasonable directives of the Employee’s superiors after having been given written notice thereof; or

(iii)commission by the Employee of any act, which both (A) constitutes gross negligence or willful misconduct and (B) results in material economic harm to the Company or has a materially adverse effect on the Company’s operations, properties or business relationships.

(b)“Good Reason” means the occurrence of one or more of the following conditions arising without the consent of the Employee:

(i)a material diminution in the Employee’s annual base salary;

(ii)a material diminution in the Employee’s duties and responsibilities; or

(iii)a material change in the geographic location at which the Employee must perform his Duties.

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In order for a condition to constitute a Good Reason, the Employee must provide written notification to the Company of the existence of the condition within forty-five (45) days of the initial existence of the condition (or within forty-five (45) days following the Employee actually becoming aware of such condition, if later), upon the notice of which the Company shall have a period of thirty (30) days during which it may remedy the condition.  Furthermore, to constitute a Good Reason, the Employee must voluntarily terminate employment with the Company within one hundred eighty (180) days following the initial existence of the condition (or within one hundred eighty (180) days following the Employee actually becoming aware of such condition.  The parties agree that “Good Reason” will not be deemed to have occurred merely because the Company becomes a subsidiary or division of another entity following a Change in Control.

9.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Stock Units are granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

10.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, shall not affect the validity or enforceability of the remainder of this Agreement.

11.Waiver and Modification.  The provisions of this Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

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12.Interpretation.  All decisions or interpretations made by the Committee with regard to any question arising under the Plan or this Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee. 

13.Multiple Counterparts.  This Agreement may be signed in multiple counterparts, all of which together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

14.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.

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IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.

By:

Its:

____________________________, Employee

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EX-10.X

Exhibit 10(x)

Stock UNIT Award Agreement

This Stock Unit Award Agreement (the “Agreement”) is made as of the _____ day of __________, 201__ between Myers Industries, Inc., an Ohio corporation (the “Company”), and _________________, a non-employee director (the “Director”) of the Company.

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc., as amended and restated effective March 5, 2015 (the “Plan”); and

WHEREAS, the Director has made an irrevocable election to have his or her Director Award for the 201___ Meeting Date paid in Stock Units as provided in the Plan; and

WHEREAS, it is a requirement of the Plan that a Stock Unit Award Agreement be executed to evidence the Stock Units granted to the Director.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree as follows:

1.Grant of Stock Units.  The Company hereby grants to the Director an Award of _________ fully vested Stock Units on the terms and conditions set forth herein and in the Plan.  Each Stock Unit represents the right of the Director to receive an amount equal to the Fair Market Value of a Share on the date that payment is made with respect to the Stock Unit.

2.Rights with Respect to Stock Units.  The Stock Units granted pursuant to this Agreement represent an unfunded and unsecured obligation of the Company, and the Director shall have no rights with respect to the Stock Units other than those of a general creditor of the Company.  Prior to the issuance of Shares as payment with respect to the Stock Units, the Director shall have no rights of ownership in or to the Shares underlying the Stock Units and shall not be deemed the beneficial owner of such Shares.

3.Payment and Issuance of Shares.  On the date that the Director ceases to be a member of the Board for any reason whatsoever (the “Payment Date”), or within thirty (30) days thereafter, the Company shall make a payment to the Director of one Share for every Stock Unit subject to this Agreement as payment with respect to each such Stock Unit.  If any dividends are declared on the Company’s Shares while the Stock Units subject to this Agreement are outstanding, the Company shall make a payment to the Director on the Payment Date, or within thirty (30) days thereafter, with respect to each Stock Unit subject to this Agreement, in an amount equal to the aggregate amount of dividends that would have been payable to the Director with respect to each such Stock Unit had such Stock Units instead been issued and outstanding Shares on the record date of any such dividends (the “Dividend Equivalent Amount”).  At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.  At the Company’s election, the Company shall cause the Shares delivered as payment with respect to the Stock Units to either be evidenced by a book entry account maintained by the Company’s stock transfer agent (the “Transfer Agent”) or by a certificate issued in the Director’s

name.  Upon the earlier of the date the Shares are evidenced in a book entry account maintained by the Transfer Agent or the date a certificate for the Shares are issued in the Director’s name, the Director shall be a shareholder with respect to the Shares and shall have all of the rights of a shareholder with respect to the Shares, including the right to vote the Shares and to receive any dividends and other distributions paid with respect to the Shares.  Notwithstanding anything to the contrary herein, following a Change of Control of the Company, the Company, at its election, may elect to make any payment required to be made to the Director pursuant to this Section 3 in cash rather than Shares. 

4.Taxes.  The Company shall have the right to satisfy any obligation of the Company to withhold taxes or other amounts with respect to the Stock Units by withholding Shares otherwise deliverable to the Director with respect to the Stock Units having a Fair Market Value equal to the statutory minimum amount of such tax or other withholdings.  Furthermore, the Company may elect to deduct from any cash payment made to the Director pursuant to this Agreement the amount of any taxes or other amounts which the Company is or will be required to withhold with respect to such cash payment.

5.No Right to Board Seat.  Nothing in this Agreement shall confer upon the Director any right to continue to serve as a director of the Company.

6.Acknowledgement.

(a)The Director acknowledges that neither the Company nor any of the Company’s affiliates, officers, shareholders, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the Stock Units subject to this Agreement or any other matter, and the Company has urged the Director to consult with his or her own tax advisor with respect to the income taxation consequences associated with the Stock Units subject to this Agreement.

(b)Whenever payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (30) days after the Payment Date), the actual date of payment within the specified period will be determined solely by the Company.

(c)It is intended that this Award of Stock Units comply with Section 409A of the Code, and this Award and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent.

7.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Stock Units are granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

8.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Agreement as a result of a violation of any state or federal law, or of the rules or regulations

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of any governmental regulatory body, shall not affect the validity or enforceability of the remainder of this Agreement. 

9.Waiver and Modification.  The provisions of this Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

10.Interpretation.  All decisions or interpretations made by the Committee with regard to any question arising under the Plan or this Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Director.

11.Multiple Counterparts.  This Agreement may be signed in multiple counterparts, all of which together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

12.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Director has hereunto set his or her hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.
By:
Its:
	, Director

3

EX-10.Y

Exhibit 10(y)

OPTION AGREEMENT

(Non-Qualified Stock Option)

This Option Agreement is made as of the __  day of _____, 201__, between Myers Industries, Inc., an Ohio corporation (hereinafter called the “Company”), and __________________, an employee of the Company or one or more of its Subsidiaries (hereinafter called the “Employee”).

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc., as amended and restated (the “Plan”); and

WHEREAS, it is a requirement of the Plan that an Option Agreement be executed to evidence the Non-Qualified Stock Option granted to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the parties hereto have agreed, and do hereby agree, as follows:

1.Grant of Option.  The Company hereby grants to the Employee the right and option (hereinafter called the “Option”) to purchase all or any part of an aggregate of _______ shares of the common stock, no par value, of the Company (“Shares”) (such number being subject to adjustment as set forth herein and in the Plan) on the terms and conditions set forth herein and in the Plan.

2.Type of Option.  The Option granted under this Option Agreement is a non-qualified stock option and shall not be treated by the Company or the Employee as an incentive stock option for federal income tax purposes.

3.Option Price.  The option price of the Shares covered by the Option is $____ per Share.

4.Term of Option.  The term of the Option shall be for a period of ten (10) years from the date hereof, subject to earlier termination as provided in the Plan or this Agreement; provided, however, that if the Committee determines to terminate this Option in connection with a Change in Control pursuant to Section 16 of the Plan, the effective date of such termination shall not be earlier than the later of (x) the date of the closing of the Change in Control or (y) the thirtieth (30th) day after the Company delivers written notice to the Employee of the Change in Control.

5.Exercise of Option.

(a)Prior to its expiration or termination, and except as hereinafter provided, the Employee’s right to exercise the Option shall vest, and the Employee may exercise the Option, as follows:

(i)At any time after the first anniversary of the date of this Option Agreement, the Option may be exercised as to not more than one-third (1/3) of Shares originally subject to this Option;

(ii)At any time after the second anniversary of the date of this Option Agreement, the Option may be exercised as to not more than an aggregate of two thirds (2/3) of the Shares originally subject to this Option; and

(iii)At any time after the third anniversary of the date of this Option Agreement, the Option may be exercised as to all or any part of the Shares originally subject to this Option.

(iv)Notwithstanding anything to the contrary herein, if the Employee’s employment with the Company and its Subsidiaries is completely terminated by the Company for any reason other than Cause, by the Employee for Good Reason, or by reason of the Employee’s death, Disability or retirement on or after the Employee’s sixty-fifth (65^th) birthday, the Option shall become exercisable in full as of the date of such termination.

(v)Notwithstanding anything to the contrary herein, if the Option is terminated in connection with a Change in Control and not assumed or replaced with a substituted option orother right having a substantially equivalent economic value and substantially equivalent or better terms and conditions, then the Option shall become exercisable in full prior to such termination as provided in the Plan. 

(b)In order to exercise the Option, the person or persons entitled to exercise it shall deliver to the Company written notice of the number of full Shares with respect to which the Option is to be exercised.  Such notice shall be delivered to the Company’s Chief Financial Officer or such other person as the Committee shall designate.  Unless (i) the Company, in its discretion, establishes “cashless exercise” procedures pursuant to Section 13.2 of the Plan, and (ii) the Committee, in its discretion, permits the person or persons entitled to exercise the Option to utilize such “cashless exercise” procedures, the notice shall be accompanied by payment in full for any Shares being purchased, which payment shall be in cash, in Shares that have been held free and clear of all liens and encumbrances for at least six (6) months valued at their Fair Market Value on the date of exercise, or a combination of cash and Shares.

(c)No Shares shall be issued until full payment therefor has been made, and the Employee shall have none of the rights of a shareholder in respect of such Shares until full payment therefor has been made.

6.Nontransferability.  The Option shall not be transferable, other than:  (a) by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the holder of the Option, only by him, or in the event of death, his Successor, or in the event of disability, his personal representative, or (b) pursuant to a qualified domestic relations order, as defined in the Code or ERISA or the rules thereunder.

7.Termination of Employment.  In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for any reason other than for Cause, death, Disability or retirement on or after the Employee’s sixty-fifth (65th) birthday (the date of such termination of employment, the “Termination Date”), then (a) the Option may be exercised by the Employee (to the extent that he shall have been entitled to do so at the Termination Date, taking into account Section 5(a)(iv) of this Agreement) at any time (x) within six (6) months after the Termination Date in the event of the Employee’s voluntary termination of his employment with the Company and its Subsidiaries without Good Reason, or (y) within one (1) year after the Termination Date in the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries other than for Cause if by the Company or with Good Reason if by the Employee, but in either case (x) or (y) not beyond the original term of the Option, (b) in the event of a voluntary termination by the Employee of his employment with the Company and its subsidiaries without Good Reason, the portion of the Option that has not vested (i.e., that is not then exercisable) as of the Termination Date shall automatically terminate as of the Termination Date, and (c) the vested portion of the Option shall automatically terminate upon the expiration of the applicable period described above to the extent not theretofore exercised.  So long as the Employee shall continue to be an employee of the Company or one or more of its Subsidiaries, the Option shall not be affected by any change of duties or position.  Nothing in this Option Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any such Subsidiary to terminate his employment at any time.  Anything contained herein to the contrary notwithstanding, in the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries by the Company for Cause, the Option, to the extent not theretofore exercised, shall automatically terminate as of the date of the Employee’s complete termination of employment with the Company and its Subsidiaries for Cause.

8.Death or Disability of Employee.  If the Employee shall die while he shall be employed by the Company or one or more of its Subsidiaries, or within the period described in Section 7(a) above after the complete termination of his employment with the Company and its Subsidiaries other than for Cause if by the Company, or if the employment of the Employee shall terminate on account of his Disability, then (a) the Option may be exercised by the Employee’s Successor or personal representative, as the case may be, at any time within one (1) year after the date of the Employee’s death or Disability, but not beyond the term of the Option, and (b) the Option shall automatically terminate upon the expiration of the one (1) year period described above to the extent not theretofore exercised.

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9.Retirement of Employee.  If the employment of the Employee with the Company and its Subsidiaries shall terminate as a result of his retirement on or after his sixty-fifth (65th) birthday, then the Option may be exercised by the Employee (or in the event of the Employee’s subsequent death, the Employee’s Successor) at any time during the remaining term of the Option. 

10.Taxes.  The Company shall have the right to require a person entitled to receive Shares pursuant to the exercise of the Option to pay the Company the amount of any taxes which the Company is or will be required to withhold with respect to such Shares before the certificate for such Shares is delivered pursuant to the Option.  Furthermore, the Company may elect to deduct such taxes from any amounts then payable in cash or in shares or from any other amounts payable any time thereafter to the Employee.

11.Adjustments Upon Changes in Capitalization.  In the event of changes in all of the outstanding Shares by reason of stock dividends, stock splits, reclassifications, recapitalizations, mergers, consolidations, combinations, exchanges of shares, separations, reorganizations, liquidations, or similar events, or in the event of extraordinary cash or non-cash dividends being declared with respect to the Shares, or similar transactions or events, the number and class of Shares subject to the Option hereby granted, the option price and all of the other applicable provisions thereof shall, subject to the provisions of the Plan, be correspondingly equitably adjusted by the Committee (which adjustment may, but need not, include payment to the holder of the Option, in cash or in shares, in an amount equal to the difference between the option price and the then current Fair Market Value of the Shares subject to the Option as equitably determined by the Committee) in order to prevent the diminution or enlargement of the benefits under this Option, as it shall decide in its sole discretion. Any such adjustment may provide for the elimination of any fractional share which might otherwise be subject to the Option.

12.Delivery of Shares on Exercise.  Delivery of certificates for Shares pursuant to the exercise of the Option may be postponed by the Company for such period as may be required for it, with reasonable diligence, to comply with any applicable requirements of any federal, state or local law or regulation or any administrative or quasi-administrative requirement applicable to the sale, issuance, distribution or delivery of such Shares.  The Committee may, in its sole discretion, require the holder of the Option to furnish the Company with appropriate representations and a written investment letter prior to the exercise of the Option or the delivery of any Shares pursuant to the Option.

13.Definitions of Cause, Good Reason and Disability.  For purposes of this Agreement, the terms “Cause”, “Good Reason” and “Disability” shall have the meanings ascribed to such terms in any written employment or severance agreement between the Company and the Employee in effect at the time of a termination of the Employee’s employment with the Company.

14.Acknowledgment.  The Employee acknowledges that none of the Company, the Board, the Committee or any of the Company’s affiliates, officers, employees, agents or representatives (each, a “Related Person”) has provided or is providing the undersigned with tax advice regarding the receipt of the Option or the exercise of the Option for Shares, and the Company has urged the Employee to consult the Employee’s own tax advisor with respect to the income taxation consequences of receiving, holding and disposing of the Option or any Shares acquired upon exercise of the Option.

15.Incorporation of Provisions of the Plan.  All of the provisions of the Plan, pursuant to which this Option is granted, are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Option Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

16.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Option Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, or any securities exchange shall not affect the validity or enforceability of the remainder of this Option Agreement.

17.Waiver and Modification.  The provisions of this Option Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

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18.Interpretation.  All decisions or interpretations made by the Committee, in its reasonable discretion, with regard to any question arising under the Plan or this Option Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee. 

19.Multiple Counterparts.  This Option Agreement may be signed in multiple counterparts, all of which when taken together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

20.Governing Law.  This Option Agreement shall be governed by the laws of the State of Ohio.

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IN WITNESS WHEREOF, the Company has caused this Option Agreement to be duly executed by its duly authorized officer, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.
By:
Its:
	, Employee

5

EX-10.Z

Exhibit 10(z)

OPTION AGREEMENT
(Non-Qualified Stock Option)

This Option Agreement is made as of the __ day of ________, 201__ between Myers Industries, Inc., an Ohio corporation (hereinafter called the “Company”), and ______________, an employee of the Company or one or more of its Subsidiaries (hereinafter called the “Employee”).

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc., as amended and restated (the “Plan”); and

WHEREAS, it is a requirement of the Plan that an Option Agreement be executed to evidence the Non-Qualified Stock Option granted to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the parties hereto have agreed, and do hereby agree, as follows:

1.Grant of Option.  The Company hereby grants to the Employee the right and option (hereinafter called the “Option”) to purchase all or any part of an aggregate of _____ shares of the common stock, no par value, of the Company (“Shares”) (such number being subject to adjustment as set forth herein and in the Plan) on the terms and conditions set forth herein and in the Plan.

2.Type of Option.  The Option granted under this Option Agreement is a non-qualified stock option and shall not be treated by the Company or the Employee as an incentive stock option for federal income tax purposes.

3.Option Price.  The option price of the Shares covered by the Option is $_____ per Share.

4.Term of Option.  The term of the Option shall be for a period of ten (10) years from the date hereof, subject to earlier termination as provided in the Plan or this Agreement.

5.Exercise of Option.

(a)Prior to its expiration or termination, and except as hereinafter provided, the Employee’s right to exercise the Option shall vest, and the Employee may exercise the Option, as follows:

(i)At any time after the first anniversary of the date of this Option Agreement, the Option may be exercised as to not more than one third (1/3) of Shares originally subject to this Option;

(ii)At any time after the second anniversary of the date of this Option Agreement, the Option may be exercised as to not more than an aggregate of two thirds (2/3) of the Shares originally subject to this Option; and

(iii)At any time after the third anniversary of the date of this Option Agreement, the Option may be exercised as to all or any part of the Shares originally subject to this Option.

(iv)Notwithstanding anything to the contrary herein, if the Employee’s employment with the Company and its Subsidiaries is terminated by reason of the Employee’s death, Disability or retirement on or after the Employee’s sixty-fifth birthday, the Option shall become exercisable in full as of the date of such termination.

(v)Notwithstanding anything to the contrary herein, if (x)  the Employee’s employment with the Company and its Subsidiaries is completely terminated by the Company for any reason other than Cause or by the Employee for GoodReason, in either case, following a Change in Control, the Option shall become exercisable in full immediately prior to such termination of employment or (y) the Option is

terminated in connection with a Change in Control and not assumed or replaced with a substituted option or other right having a substantially equivalent value and substantially equivalent or better terms and conditions, then the Option shall become exercisable in full prior to such termination as provided in the Plan. 

(b)In order to exercise the Option, the person or persons entitled to exercise it shall deliver to the Company written notice of the number of full Shares with respect to which the Option is to be exercised.  Such notice shall be delivered to the Company’s Chief Financial Officer or such other person as the Committee may designate.  Unless (i) the Company, in its discretion, establishes “cashless exercise” procedures pursuant to Section 13.2 of the Plan, and (ii) the Committee, in its discretion, permits the person or persons entitled to exercise the Option to utilize such “cashless exercise” procedures, the notice shall be accompanied by payment in full for any Shares being purchased, which payment shall be in cash, in Shares that have been held free and clear of all liens and encumbrances for at least six (6) months valued at their Fair Market Value on the date of exercise, or by a combination of cash and Shares.

(c)No Shares shall be issued until full payment therefor has been made, and the Employee shall have none of the rights of a shareholder in respect of such Shares until full payment therefor has been made.

6.Nontransferability.  The Option shall not be transferable, other than:  (a) by will or the laws of descent and distribution, and the Option may be exercised, during the lifetime of the holder of the Option, only by him, or in the event of death, his Successor, or in the event of disability, his personal representative, or (b) pursuant to a qualified domestic relations order, as defined in the Code or ERISA or the rules thereunder.

7.Termination of Employment.  In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for any reason other than cause, death, Disability or retirement on or after the Employee’s sixty-fifth (65th) birthday (the date of such termination of employment, the “Termination Date”), then (a) the Option may be exercised by the Employee (to the extent that he shall have been entitled to do so as of the Termination Date) at any time within three (3) months after the Termination Date, but not beyond the original term thereof, (b) the portion of the Option that has not vested (i.e., that is not then exercisable, taking into account Section 5.1(a)(v)) as of the Termination Date shall automatically terminate as of the Termination Date, and (c) the vested portion of the Option shall automatically terminate upon the expiration of the three (3) month period described above to the extent not theretofore exercised.  So long as the Employee shall continue to be an employee of the Company or one or more of its Subsidiaries, the Option shall not be affected by any change of duties or position.  Nothing in this Option Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any such Subsidiary to terminate his employment at any time.  Anything contained herein to the contrary notwithstanding, in the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for cause, the Option, to the extent not theretofore exercised, shall automatically terminate as of the date of the Employee’s complete termination of employment with the Company and its Subsidiaries for cause.

8.Death or Disability of Employee.  If the Employee shall die while he shall be employed by the Company or one or more of its Subsidiaries, or within the period described in Section 7(a) above after the complete termination of his employment with the Company and its Subsidiaries other than for Cause if by the Company, or if the employment of the Employee shall terminate on account of his Disability, then (a) the Option may be exercised by the Employee’s Successor or personal representative, as the case may be, at any time within one (1) year after the date of the Employee’s death or Disability, but not beyond the term of the Option, and (b) the  Option shall automatically terminate upon the expiration of the one (1) year period described above to the extent not theretofore exercised.  For purposes of this Option Agreement, “Disability” shall mean permanent and total disability within the meaning of Section 22(e)(3) of the Code.

9.Retirement of Employee.  If the employment of the Employee with the Company and its Subsidiaries shall terminate as a result of his retirement on or after his sixty-fifth (65th) birthday, then the Option may be exercised in full  by the Employee (or in the event of the Employee’s subsequent death, the Employee’s Successor) at any time during the remaining term of the Option.

10.Taxes.  The Company shall have the right to require a person entitled to receive Shares pursuant to the exercise of the Option to pay the Company the amount of any taxes which the Company is or will be required to withhold

2

with respect to such Shares before the certificate for such Shares is delivered pursuant to the Option.  Furthermore, the Company may elect to deduct such taxes from any amounts then payable in cash or in shares or from any other amounts payable any time thereafter to the Employee.   

11.Adjustments Upon Changes in Capitalization.  In the event of changes in all of the outstanding Shares by reason of stock dividends, stock splits, reclassifications, recapitalizations, mergers, consolidations, combinations, exchanges of shares, separations, reorganizations, liquidations, or similar events, or in the event of extraordinary cash or non-cash dividends being declared with respect to the Shares, or similar transactions or events, the number and class of Shares subject to the Option hereby granted, the option price and all of the other applicable provisions thereof shall, subject to the provisions of the Plan, be correspondingly equitably adjusted by the Committee (which adjustment may, but need not, include payment to the holder of the Option, in cash or in shares, in an amount equal to the difference between the option price and the then current Fair Market Value of the Shares subject to the Option as equitably determined by the Committee) in order to prevent the diminution or enlargement of the benefits under this Option, as the Committee shall decide in its sole discretion.  Any such adjustment may provide for the elimination of any fractional share which might otherwise be subject to the Option.

12.Delivery of Shares on Exercise.  Delivery of certificates for Shares pursuant to the exercise of the Option may be postponed by the Company for such period as may be required for it, with reasonable diligence, to comply with any applicable requirements of any federal, state or local law or regulation or any administrative or quasi-administrative requirement applicable to the sale, issuance, distribution or delivery of such Shares.  The Committee may, in its sole discretion, require the holder of the Option to furnish the Company with appropriate representations and a written investment letter prior to the exercise of the Option or the delivery of any Shares pursuant to the Option.

13.Acknowledgment.  The Employee acknowledges that none of the Company, the Board, the Committee or any of the Company’s affiliates, officers, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the receipt of the Option or the exercise of the Option for Shares, and the Company has urged the Employee to consult the Employee’s own tax advisor with respect to the income taxation consequences of receiving, holding and disposing of the Option or any Shares acquired upon exercise of the Option.

14.Cause and Good Reason.  For purposes of this Agreement the terms “Cause” and “Good Reason” shall have the following meanings:

(a)“Cause” means:

(i)The commission by the Employee (evidenced by a conviction or written, voluntary and freely given confession) of a criminal act constituting a felony involving fraud or moral turpitude;

(ii)the repeated failure of the Employee to follow the reasonable directives of the Employee’s superiors after having been given written notice thereof; or

(iii)commission by the Employee of any act, which both (A) constitutes gross negligence or willful misconduct and (B) results in material economic harm to the Company or has a materially adverse effect on the Company’s operations, properties or business relationships.

(b)“Good Reason” means the occurrence of one or more of the following conditions arising without the consent of the Employee:

(i)a material diminution in the Employee’s annual base salary;

(ii)a material diminution in the Employee’s duties and responsibilities; or

3

(iii)a material change in the geographic location at which the Employee must perform his Duties. 

In order for a condition to constitute a Good Reason, the Employee must provide written notification to the Company of the existence of the condition within forty-five (45) days of the initial existence of the condition (or within forty-five (45) days following the Employee actually becoming aware of such condition, if later), upon the notice of which the Company shall have a period of thirty (30) days during which it may remedy the condition.  Furthermore, to constitute a Good Reason, the Employee must voluntarily terminate employment with the Company within one hundred eighty (180) days following the initial existence of the condition (or within one hundred eighty (180) days following the Employee actually becoming aware of such condition.  The parties agree that “Good Reason” will not be deemed to have occurred merely because the Company becomes a subsidiary or division of another entity following a Change in Control.

15.Incorporation of Provisions of the Plan.  All of the provisions of the Plan, pursuant to which this Option is granted, are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Option Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

16.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Option Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, or any securities exchange shall not affect the validity or enforceability of the remainder of this Option Agreement.

17.Waiver and Modification.  The provisions of this Option Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

18.Interpretation.  All decisions or interpretations made by the Committee, in its reasonable discretion, with regard to any question arising under the Plan or this Option Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee.

19.Multiple Counterparts.  This Option Agreement may be signed in multiple counterparts, all of which when taken together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

20.Governing Law.  This Option Agreement shall be governed by the laws of the State of Ohio.

IN WITNESS WHEREOF, the Company has caused this Option Agreement to be duly executed by its duly authorized officer, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.
By:
Its:
	, Employee

8997210 v1

4

EX-10.AA

Exhibit 10(aa)

LONG-TERM CASH AWARD AGREEMENT

This Long-Term Cash Award Agreement (the “Agreement”) is made as of the __ day of March 2015, between __________________ (the “Employee”) and Myers Industries, Inc., an Ohio corporation (the “Company”).

WHEREAS, the Company has adopted the Performance Bonus Plan (the “Plan”).

WHEREAS, it is a requirement of the Plan that a Long-TermCash Award Agreement be executed to evidence the Long-Term Cash Award awarded to the Employee.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

1.Defined Terms.  For purposes of this Agreement, the following terms shall have the meanings set forth below:

(a)“Applicable Percentage” means, with respect to any calendar year, an amount, expressed as a percentage, determined pursuant to the following table by reference to the Return on Invested Capital for such calendar year:

Return on Invested Capital:	Applicable Percentage:
Less than 8.5%	0%
8.5%	50%
8.51% - 13.49%	100%, minus the amount, expressed as a percentage, determined by dividing (x) the number of percentage points (not to exceed  5 percentage points) by which the ROIC is lower than 13.5% by (y) 5%
13.5%	100%
13.51% - 18.49%	100%, plus the amount, expressed as a percentage, determined by dividing (x) the number of percentage points (not to exceed 5 percentage points) by which the ROIC exceeds 13.5% by (y) 5%
18.5% or more	200%

(b)“Average Percentage” means the amount, expressed as a percentage, equal to the sum of the Applicable Percentages with respect to the 2015, 2016, and 2017 calendar years, divided by three (3).

(c)“Disability” means a physical or mental incapacity that prevents the Employee from performing his duties for a period of one hundred eighty (180) consecutive days in any period of two (2) consecutive fiscal years of the Company.

(d)“EBIT” means, with respect to any calendar year, the Company’s income from continuing operations before income taxes for such calendar year, increased by the net interest expense for such calendar

year, in each case as set forth on the Company’s audited financial statements for such calendar year and with such adjustments as may be approved by the Compensation Committee of theCompany’s Board of Directors, in its discretion. 

(e)“Net Long-Term Debt” means, with respect to any calendar year, the excess of (i) the outstanding long‑term debt, including the current portion of the long‑term debt of the Company, less (ii) the Company’s cash balance, in each case as of December 31 of the applicable calendar year as set forth on the Company’s audited financial statements for such calendar year.

(f)“Return on Invested Capital” or “ROIC” means, with respect to any calendar year, the EBIT of the Company for such calendar year, divided by the average of the sum of the outstanding Net Long‑Term Debt and Shareholders’ Equity of the Company as of December 31 of such calendar year and as of December 31 of the immediately preceding calendar year, in each case as set forth on the Company’s audited financial statements for such calendar year or immediately preceding calendar year, which amount shall be expressed as a percentage.

2.Long-Term Cash Award Payment.

(a)At the time set forth in Section 2(b) of this Agreement, the Company shall make a payment to the Employee of an amount equal to the product of (x) the Average Percentage and (y) $________ (USD).

(b)Any payment to be made to the Employee pursuant to Section 2(a) above shall be paid in cash as soon as reasonably practicable following the determination of the Applicable Percentage for the 2017 calendar year and the resulting Average Percentage, but in no event earlier than January 1, 2018 or later than March 15, 2018.  Notwithstanding the foregoing, if the Employee’s employment with the Company is terminated prior to December 31, 2017 by reason of the Employee’s death or disability (an “Acceleration Event”), then (i) the Company shall pay the Employee an amount determined in accordance with Section 2(a), provided that for purposes of such calculation, the Average Percentage shall be deemed to be 100%, (ii) the Company shall make such payment to the Employee in cash as soon as reasonably practicable following such Acceleration Event, but in no event later than thirty (30) days after the Acceleration Event, and (iii) the Employee will not be entitled to any further payment pursuant to this Agreement.  For the avoidance of doubt, if the Employee’s employment with the Company is terminated by reason of retirement on or after the Employee’s sixty-fifth birthday, by the Company without Cause (as defined in any written employment agreement or severance agreement between the Company and the Employee in effect at the time of such termination of employment) or by the Employee for Good Reason (as defined in any written employment agreement or severance agreement between the Company and the Employee in effect at the time of such termination of employment), any payment to be made to the Employee pursuant to Section 2(a) above shall be paid in cash as soon as reasonably practicable following the determination of the Applicable Percentage for the 2017 calendar year and the resulting Average Percentage, but in no event earlier than January 1, 2018 or later than March 15, 2018.

(c)The Employee’s right to any payment pursuant to this Section 2 shall be forfeited and extinguished if (i) his employment with the Company is terminated by the Company for Cause (as defined in any written employment agreement or severance agreement between the Company and the Employee in effect at the time of such termination of employment) or without Good Reason (as defined in any written employment agreement or severance agreement between the Company and the Employee in effect at the time of such termination of employment) if by the Employee (which, for the avoidance of doubt, will not include a termination by reason of the Employee’s death, disability or retirement on or after the Employee’s sixty-fifth birthday) prior to the earlier of December 31, 2017, or (ii) the Average Percentage is zero.

(d)The Employee’s right to receive any payment specified in this Section 2 shall not be subject in any manner to anticipation, alienation, sale, transfer (other than by will or the laws of descent and distribution), assignment, pledge, encumbrance or charge, either voluntarily or involuntarily, and any attempt to so alienate, anticipate, sell, transfer, assign, pledge, encumber or charge the same shall be null and void.  The Company shall not be liable for, and no amounts payable under this Agreement may be used to satisfy, the debts, contracts,

2

liabilities, engagements or torts of any person to whom such amount is or may be payable, except as required under applicable law. 

3.Taxes.  The Company shall have the right to deduct, from any amounts payable now or any time hereafter to the Employee, the amount of any taxes which the Company is or will be required by law to withhold, as and when required by law, with respect to the Employee’s receipt of a payment pursuant to this Agreement.

4.Source of Payments.  The right of the Employee to receive any payment pursuant to Section 2 of this Agreement shall be an unsecured claim against the general assets of the Company.  As such, the Employee shall rely solely on the unsecured promises of the Company as set forth in this Agreement for any payment set forth herein and nothing in this Agreement shall be construed to give the Employee any right, title, interest or claim in or to any specific asset, fund, reserve account or property of any kind whatsoever owned by the Company or in which the Company may have any right, title, interest or claim now or in the future, but the Employee shall have the right to enforce a claim against the Company in the same manner as any unsecured creditor.

5.Suspension of Payment Obligation.  Notwithstanding anything in this Agreement to the contrary, if the Company’s payment of any amount owed to the Employee pursuant to this Agreement would cause the Company to be in default, or would constitute a default, with the passage of time, the giving of notice or otherwise, under any loan or credit agreement or arrangement of the Company, the Company’s obligation to pay such amount shall be suspended until such time in the future as the Company is able to pay such amount without causing a default so long as such suspension of payment complies with the applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended.

6.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Long‑Term Cash Award is granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan.

7.Modification.  No change, termination, waiver or modification of this Agreement shall be valid unless the same shall be in writing and signed by the parties hereto.

8.Parties to the Agreement.  This Agreement shall be binding upon and shall operate for the benefit of the Employee and his heirs, estate and personal representatives, and the Company and its successors.

9.No Rights to Employment.  Nothing in this Agreement shall confer upon the Employee any right to continue in the employ or service of the Company or interfere in any way with the right of the Company to terminate his employment or position at any time.

10.Acknowledgment and Section 409A Compliance.  

(a)The Employee acknowledges that neither the Company nor any of the Company’s affiliates, officers, employees, consultants, agents or representatives has provided or is providing the Employee with any tax advice regarding the Employee’s rights under this Agreement or any other tax matter, and the Company has urged the Employee to consult with the Employee’s own tax advisor with respect to the rights granted to the Employee under this Agreement and all other tax matters.

(b)It is intended that this Agreement comply with Section 409A of the Code, and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent, although in no event shall the Company have any liability to the Employee if this Agreement is determined not to comply with Section 409A of the Code.  For purposes of this Agreement, termination of employment means a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(b).

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(c)Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (3) days after an Acceleration Event), the actual date of payment within the specified period will be determined solely by the Company. 

(d)If the Employee is a “specified employee” within the meaning of Section 409A of the Code at the time of his “separation from service” within the meaning of Section 409A of the Code, then any payment otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking into account all exclusions applicable to such payment under Section 409A of the Code) is properly treated as deferred compensation subject to Section 409A of the Code, shall not be made until the first business day after (i) the expiration of six months from the date of the Employee’s separation from service, or (ii) if earlier, the date of the Employee’s death.

11.Multiple Counterparts.  This Agreement may be executed in multiple counterparts, all of which taken together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

12.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio, without regard to conflict of laws principles.

13.Entire Agreement.  The whole and entire agreement of the parties is set forth in this Agreement and the parties are not bound by any agreements, understandings or conditions other than as expressly set forth herein.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.

By:

Its:

_______________________ Employee

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EX-10.AB

Exhibit 10(ab)

STOCK UNIT AWARD AGREEMENT

This Stock Unit Award Agreement (the “Agreement”) is made as of the 7th day of December, 2015 between Myers Industries, Inc., an Ohio corporation (the “Company”), and R. David Banyard, an employee (the “Employee”) of the Company or one or more of its Subsidiaries.

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc. (the “Plan”); and

WHEREAS, it is a requirement of the Plan that a Stock Unit Award Agreement be executed to evidence the Stock Units awarded to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree as follows:

1.Grant of Stock Units.  The Company hereby grants to the Employee an Award of 98,620 Stock Units on the terms and conditions set forth herein and in the Plan.  Each Stock Unit represents the right of the Employee to receive an amount equal to the Fair Market Value of a Share on the date that payment is made with respect to the Stock Unit.

2.Rights with Respect to Stock Units.  The Stock Units granted pursuant to this Agreement represent an unfunded and unsecured obligation of the Company, and the Employee shall have no rights with respect to the Stock Units other than those of a general creditor of the Company.  Prior to the issuance of Shares as payment with respect to the Stock Units, the Employee shall have no rights of ownership in or to the Shares underlying the Stock Units and shall not be deemed the beneficial owner of such Shares.

3.Restrictions on and Vesting of the Stock Units.

(a)Except as otherwise provided in this Agreement, none of the Stock Units may be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of; provided, however, the right to receive payment with respect to the Stock Units may be transferred upon the death of the Employee to the Employee’s Successor.

(b)The Stock Units subject to this Agreement shall vest in three equal installments on each of the first three anniversaries of the date of this Agreement (each such anniversary, a “Vesting Date”) or, if earlier, upon the termination of the Employee’s employment with the Company and its Subsidiaries by reason of his death, disability or retirement on or after his sixty-fifth birthday, by the Company without Cause (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) or by the Employee with Good Reason (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) (an “Acceleration Event”).

(c)In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for Cause if by the Company or without Good Reason if by the Employee (which, for the avoidance of doubt, will not include a termination by reason of the Employee’s death, disability or retirement on or after the Employee’s sixty-fifth birthday) prior to the earlier of the third anniversary of the date of this Agreement or an Acceleration Event, the Stock Units that have not vested as of the date of such termination shall be immediately and automatically forfeited to the Company without notice for no consideration. 

(d)For purposes of this Agreement, “disability” shall mean a physical or mental incapacity that prevents the Employee from performing his duties for a period of one hundred eighty (180) consecutive days in any period of two (2) consecutive fiscal years of the Company.

4.Payment and Issuance of Shares.  On each Vesting Date or, if earlier, upon an Acceleration Event (each such Vesting Date or Acceleration Event, a “Payment Date”), or within thirty (30) days thereafter in the case of an Acceleration Date or by March 15 of the year in which such Vesting Date occurs, the Company shall make a payment to the Employee of one Share for every Stock Unit that became vested as of such Payment Date (and with respect to which a payment has not previously been made pursuant to this Section 4) as payment with respect to each such vested Stock Unit.  If any dividends are declared on the Company’s Shares while the Stock Units subject to this Agreement are outstanding, the Company shall make a payment to the Employee on each Payment Date, or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, with respect to each Stock Unit that became vested as of such Payment Date, in an amount equal to the aggregate amount of dividends that would have been payable to the Employee with respect to each such vested Stock Unit had such vested Stock Unit instead been an issued and outstanding Share on the record date of any such dividends (the “Dividend Equivalent Amount”), but only to the extent that the Dividend Equivalent Amount has not previously been paid to the Employee with respect to such vested Stock Unit.  At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.  At the Company’s election, the Company shall cause the Shares delivered as payment with respect to the vested Stock Units to either be evidenced by a book entry account maintained by the Company’s stock transfer agent (the “Transfer Agent”) or by a certificate issued in the Employee’s name.  Upon the earlier of the date the Shares are evidenced in a book entry account maintained by the Transfer Agent or the date a certificate for the Shares are issued in the Employee’s name, the Employee shall be a shareholder with respect to the Shares and shall have all of the rights of a shareholder with respect to the Shares, including the right to vote the Shares and to receive any dividends and other distributions paid with respect to the Shares.  Notwithstanding anything to the contrary herein, following a Change of Control of the Company, the Company, at its election, may elect to make any payment required to be made to the Employee pursuant to this Section 4 in cash rather than Shares.

5.Taxes.  The Company shall have the right to satisfy any obligation of the Company to withhold taxes or other amounts with respect to the Stock Units by withholding Shares otherwise deliverable to the Employee with respect to the Stock Units having a Fair

2

Market Value equal to the statutory minimum amount of such tax or other withholdings.  Furthermore, the Company may elect to deduct from any cash payment made to the Employee pursuant to this Agreement the amount of any taxes or other amounts which the Company is or will be required to withhold with respect to such cash payment. 

6.No Right to Employment.  Nothing in this Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere with or restrict in any way with the right of the Company or any such Subsidiary to terminate his employment at any time for any reason whatsoever, with or without Cause.

7.Acknowledgement and Section 409A Compliance.

(a)Employee acknowledges that neither the Company nor any of the Company’s affiliates, officers, shareholders, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the Stock Units subject to this Agreement or any other matter, and the Company has urged the Employee to consult with his own tax advisor with respect to the income taxation consequences associated with the Stock Units subject to this Agreement.

(b)It is intended that this Award of Stock Units comply with Section 409A of the Code, and this Award and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent, although in no event shall the Company have any liability to the Employee if this Award or the terms of this Agreement are determined not to comply with Section 409A of the Code.  For purposes of this Agreement, termination of employment means a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(h).

(c)Whenever payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (30) days after the Payment Date), the actual date of payment within the specified period will be determined solely by the Company.

(d)If the Employee is a “specified employee” within the meaning of Section 409A of the Code at the time of his “separation from service” within the meaning of Section 409A of the Code, then any payment otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking into account all exclusions applicable to such payment under Section 409A of the Code) is properly treated as deferred compensation subject to Section 409A of the Code, shall not be made until the first business day after (i) the expiration of six months from the date of the Employee’s separation from service, or (ii) if earlier, the date of the Employee’s death.

(e)The Employee’s right to receive each installment of Stock Units shall be treated as separate payments for purposes of Section 409A of the Code.

8.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Stock Units are granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this

3

Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan. 

9.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, shall not affect the validity or enforceability of the remainder of this Agreement.

10.Waiver and Modification.  The provisions of this Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

11.Interpretation.  All decisions or interpretations made by the Committee with regard to any question arising under the Plan or this Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee.

12.Multiple Counterparts.  This Agreement may be signed in multiple counterparts, all of which together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

13.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.
By:	/s/ Robert B. Heisler, Jr.
Its:	Chairman of the Board
/s/ R. David Banyard
R. David Banyard, Employee

4

EX-10.AC

Exhibit 10(ac)

STOCK UNIT AWARD AGREEMENT

This Stock Unit Award Agreement (the “Agreement”) is made as of the 7th day of December, 2015 between Myers Industries, Inc., an Ohio corporation (the “Company”), and R. David Banyard, an employee (the “Employee”) of the Company or one or more of its Subsidiaries.

WHEREAS, the Company has heretofore adopted the 2008 Incentive Stock Plan of Myers Industries, Inc. (the “Plan”); and

WHEREAS, it is a requirement of the Plan that a Stock Unit Award Agreement be executed to evidence the Stock Units awarded to the Employee.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto have agreed, and do hereby agree as follows:

1.Grant of Stock Units.  The Company hereby grants to the Employee an Award of 32,874 Stock Units on the terms and conditions set forth herein and in the Plan.  Each Stock Unit represents the right of the Employee to receive an amount equal to the Fair Market Value of a Share on the date that payment is made with respect to the Stock Unit.

2.Rights with Respect to Stock Units.  The Stock Units granted pursuant to this Agreement represent an unfunded and unsecured obligation of the Company, and the Employee shall have no rights with respect to the Stock Units other than those of a general creditor of the Company.  Prior to the issuance of Shares as payment with respect to the Stock Units, the Employee shall have no rights of ownership in or to the Shares underlying the Stock Units and shall not be deemed the beneficial owner of such Shares.

3.Restrictions on and Vesting of the Stock Units.

(a)Except as otherwise provided in this Agreement, none of the Stock Units may be sold, exchanged, transferred, pledged, hypothecated or otherwise disposed of; provided, however, the right to receive payment with respect to the Stock Units may be transferred upon the death of the Employee to the Employee’s Successor.

(b)The Stock Units subject to this Agreement shall vest in two equal installments on each of the first two anniversaries of the date of this Agreement (each such anniversary, a “Vesting Date”) or, if earlier, upon the termination of the Employee’s employment with the Company and its Subsidiaries by reason of his death, disability or retirement on or after his sixty-fifth birthday, by the Company without Cause (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) or by the Employee with Good Reason (as defined in any written employment or severance agreement between the Company and the Employee in effect at the time of such termination of employment) (an “Acceleration Event”).

(c)In the event of the complete termination of the Employee’s employment with the Company and its Subsidiaries for Cause if by the Company or without Good Reason if by the Employee (which, for the avoidance of doubt, will not include a termination by reason of the Employee’s death, disability or retirement on or after the Employee’s sixty-fifth birthday) prior to the earlier of the second anniversary of the date of this Agreement or an Acceleration Event, the Stock Units that have not vested as of the date of such termination shall be immediately and automatically forfeited to the Company without notice for no consideration. 

(d)For purposes of this Agreement, “disability” shall mean a physical or mental incapacity that prevents the Employee from performing his duties for a period of one hundred eighty (180) consecutive days in any period of two (2) consecutive fiscal years of the Company.

4.Payment and Issuance of Shares.  On each Vesting Date or, if earlier, upon an Acceleration Event (each such Vesting Date or Acceleration Event, a “Payment Date”), or within thirty (30) days thereafter in the case of an Acceleration Date or by March 15 of the year in which such Vesting Date occurs, the Company shall make a payment to the Employee of one Share for every Stock Unit that became vested as of such Payment Date (and with respect to which a payment has not previously been made pursuant to this Section 4) as payment with respect to each such vested Stock Unit.  If any dividends are declared on the Company’s Shares while the Stock Units subject to this Agreement are outstanding, the Company shall make a payment to the Employee on each Payment Date, or within thirty (30) days thereafter in the case of an Acceleration Event or by March 15 of the year in which such Vesting Date occurs, with respect to each Stock Unit that became vested as of such Payment Date, in an amount equal to the aggregate amount of dividends that would have been payable to the Employee with respect to each such vested Stock Unit had such vested Stock Unit instead been an issued and outstanding Share on the record date of any such dividends (the “Dividend Equivalent Amount”), but only to the extent that the Dividend Equivalent Amount has not previously been paid to the Employee with respect to such vested Stock Unit.  At the Company’s discretion, payment of the Dividend Equivalent Amount may be made in cash or in Shares having a Fair Market Value on the Payment Date equal to the Dividend Equivalent Amount.  At the Company’s election, the Company shall cause the Shares delivered as payment with respect to the vested Stock Units to either be evidenced by a book entry account maintained by the Company’s stock transfer agent (the “Transfer Agent”) or by a certificate issued in the Employee’s name.  Upon the earlier of the date the Shares are evidenced in a book entry account maintained by the Transfer Agent or the date a certificate for the Shares are issued in the Employee’s name, the Employee shall be a shareholder with respect to the Shares and shall have all of the rights of a shareholder with respect to the Shares, including the right to vote the Shares and to receive any dividends and other distributions paid with respect to the Shares.  Notwithstanding anything to the contrary herein, following a Change of Control of the Company, the Company, at its election, may elect to make any payment required to be made to the Employee pursuant to this Section 4 in cash rather than Shares.

5.Taxes.  The Company shall have the right to satisfy any obligation of the Company to withhold taxes or other amounts with respect to the Stock Units by withholding Shares otherwise deliverable to the Employee with respect to the Stock Units having a Fair

2

Market Value equal to the statutory minimum amount of such tax or other withholdings.  Furthermore, the Company may elect to deduct from any cash payment made to the Employee pursuant to this Agreement the amount of any taxes or other amounts which the Company is or will be required to withhold with respect to such cash payment. 

6.No Right to Employment.  Nothing in this Agreement shall confer upon the Employee any right to continue in the employ of the Company or any of its Subsidiaries or interfere with or restrict in any way with the right of the Company or any such Subsidiary to terminate his employment at any time for any reason whatsoever, with or without Cause.

7.Acknowledgement and Section 409A Compliance.

(a)Employee acknowledges that neither the Company nor any of the Company’s affiliates, officers, shareholders, employees, agents or representatives has provided or is providing the undersigned with tax advice regarding the Stock Units subject to this Agreement or any other matter, and the Company has urged the Employee to consult with his own tax advisor with respect to the income taxation consequences associated with the Stock Units subject to this Agreement.

(b)It is intended that this Award of Stock Units comply with Section 409A of the Code, and this Award and the terms of this Agreement shall be interpreted and administered in a manner consistent with such intent, although in no event shall the Company have any liability to the Employee if this Award or the terms of this Agreement are determined not to comply with Section 409A of the Code.  For purposes of this Agreement, termination of employment means a “separation from service” within the meaning of Treasury Regulations Section 1.409A-1(h).

(c)Whenever payment under this Agreement specifies a payment period with reference to a number of days (e.g., payment may be made within thirty (30) days after the Payment Date), the actual date of payment within the specified period will be determined solely by the Company.

(d)If the Employee is a “specified employee” within the meaning of Section 409A of the Code at the time of his “separation from service” within the meaning of Section 409A of the Code, then any payment otherwise required to be made to him under this Agreement on account of his separation from service, to the extent such payment (after taking into account all exclusions applicable to such payment under Section 409A of the Code) is properly treated as deferred compensation subject to Section 409A of the Code, shall not be made until the first business day after (i) the expiration of six months from the date of the Employee’s separation from service, or (ii) if earlier, the date of the Employee’s death.

(e)The Employee’s right to receive each installment of Stock Units shall be treated as separate payments for purposes of Section 409A of the Code.

8.Incorporation of Provisions of the Plan.  All of the provisions of the Plan pursuant to which the Stock Units are granted are hereby incorporated by reference and made a part hereof as if specifically set forth herein, and to the extent of any conflict between this

3

Agreement and the terms contained in the Plan, the Plan shall control.  To the extent any capitalized terms are not otherwise defined herein, they shall have the meanings set forth in the Plan. 

9.Invalidity of Provisions.  The invalidity or unenforceability of any provision of this Agreement as a result of a violation of any state or federal law, or of the rules or regulations of any governmental regulatory body, shall not affect the validity or enforceability of the remainder of this Agreement.

10.Waiver and Modification.  The provisions of this Agreement may not be waived or modified unless such waiver or modification is in writing and signed by the parties hereto.

11.Interpretation.  All decisions or interpretations made by the Committee with regard to any question arising under the Plan or this Agreement as provided by Section 4 of the Plan, shall be binding and conclusive on the Company and the Employee.

12.Multiple Counterparts.  This Agreement may be signed in multiple counterparts, all of which together shall constitute an original agreement.  The execution by one party of any counterpart shall be sufficient execution by that party, whether or not the same counterpart has been executed by any other party.

13.Governing Law.  This Agreement shall be governed by the laws of the State of Ohio.

IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed, and the Employee has hereunto set his hand, all as of the day and year first above written.

MYERS INDUSTRIES, INC.
By:	/s/ Robert B. Heisler, Jr.
Its:	Chairman of the Board
/s/ R. David Banyard
R. David Banyard, Employee

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EX-21

Exhibit 21

Direct and Indirect Subsidiaries, and Operating Divisions,

of Myers Industries, Inc.

As ofDecember 31, 2015

North, Central and South America Operations
Ameri-Kart Corp.	Kansas
Ameri-Kart (MI) Corp.	Michigan
Buckhorn Inc.	Ohio
- Buckhorn Services, Inc.	Ohio
Direct Source Supply, Inc.	Ohio
Erie Island LLC	Ohio
Jamco Products Inc.	Illinois
MYE Canada Operations Inc.	Canada
MYECAP Financial Corp.	Ohio
Myers do Brasil Embalagens Plasticas Ltda.	Brazil
Myers Holdings Brasil Ltda. (99%)	Brazil
- Plasticos Novel do Nordeste S.A.	Brazil
- Plasticos Novel do Parana S.A.	Brazil
Myers Tire Supply International, Inc.	Ohio
- Myers de El Salvador S.A. De C.V. (75%)	El Salvador
- Orientadores Comerciales S.A.	Guatemala
- Myers de Panama S.A.	Panama
- Myers TSCA, S.A.	Panama
Myers de El Salvador S.A. De C.V. (25%)	El Salvador
Myers Tire Supply Distribution, Inc.	Ohio
MyersTireSupply.com, Inc.	Ohio
Patch Rubber Company	North Carolina
Scepter Canada Inc.	Canada
Scepter US Holding Company	Ohio
- Scepter Manufacturing, LLC	Delaware

Reported Operating Divisions of Myers Industries, Inc. and Subsidiaries
Akro-Mils (of Myers Industries, Inc.)	Akron, Ohio
Myers Tire Supply (of Myers Industries, Inc.)	Akron, Ohio
Buckhorn Canada (of MYE Canada Operation Inc.)	Ontario, Canada
Myers Tire Supply Canada (of MYE Canada Operations Inc.)	Ontario, Canada

EX-23

Exhibit 23

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the following Registration Statements:

1) Registration Statement (Form S-8 No. 333-207869) pertaining to the Amended and Restated 2008 Incentive Stock Plan of Myers Industries, Inc.

2) Registration Statement (Form S-8 No. 333-158055) pertaining to the 2008 Incentive Stock Plan of Myers Industries, Inc.

3) Registration Statement (Form S-8 No. 333-90367) pertaining to Myers Industries, Inc. 1999 Incentive Stock Plan, Myers Industries, Inc. 1997 Incentive Stock Plan, Myers Industries, Inc. Amended and Restated Employee Stock Purchase Plan, and

4) Registration Statement (Form S-3 No. 033-50286) of Myers Industries, Inc.

of our reports dated March 14, 2016, with respect to the consolidated financial statements of Myers Industries, Inc. and Subsidiaries, and the effectiveness of internal control over financial reporting of Myers Industries, Inc. and Subsidiaries included in this Annual Report (Form 10-K) for the year ended December 31, 2015.

/s/ Ernst & Young LLP

Akron, Ohio

March 14, 2016

EX-31.A

Exhibit 31(a)

Certification Per Section 302 of the Sarbanes-Oxley Act of 2002

I, R. David Banyard, certify that:

1.  I have reviewed this annual report on Form 10-K of Myers Industries, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f), for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	March 14, 2016	/s/ R. David Banyard
		R. David Banyard, President and Chief Executive Officer

EX-31.B

Exhibit 31(b)

Certification Per Section 302 of the Sarbanes-Oxley Act of 2002

I, Greggory W. Branning, certify that:

1.  I have reviewed this annual report on Form 10-K of Myers Industries, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f), for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	March 14, 2016	/s/ Greggory W. Branning
		Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary

EX-32

Exhibit 32

CERTIFICATION

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Myers Industries, Inc. (the Company) on Form 10-K for the period ended December 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, R. David Banyard, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and to my knowledge:

(1) The Annual Report on Form 10-K of the Company for the period ended December 31, 2015 which this certification accompanies fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:	March 14, 2016	/s/ R. David Banyard
		R. David Banyard, President and Chief Executive Officer

Exhibit 32

CERTIFICATION

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Myers Industries, Inc. (the Company) on Form 10-K for the period ended December 31, 2015, as filed with the Securities and Exchange Commission on the date hereof (the Report), I, Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and to my knowledge:

(1) The Annual Report on Form 10-K of the Company for the period ended December 31, 2015 which this certification accompanies fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:	March 14, 2016	/s/ Greggory W. Branning
		Greggory W. Branning, Senior Vice President, Chief Financial Officer and Corporate Secretary

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Jun. 30, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	MYERS INDUSTRIES INC
Entity Central Index Key	0000069488
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 588,922,537
Entity Common Stock, Shares Outstanding		29,546,342

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Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Net sales	$ 601,538	$ 623,649	$ 584,733
Cost of sales	423,260	462,370	415,179
Gross profit	178,278	161,279	169,554
Selling expenses	60,752	60,261	55,398
General and administrative expenses	86,665	78,400	69,840
Operating Expenses	147,417	138,661	125,238
Operating income	30,861	22,618	44,316
Interest
Income	(1,317)	(127)	(213)
Expense	10,316	8,662	4,744
Interest expense, net	8,999	8,535	4,531
Income from continuing operations before income taxes	21,862	14,083	39,785
Income tax expense	7,809	5,122	13,343
Income from continuing operations	14,053	8,961	26,442
Income (loss) from discontinued operations, net of tax	3,709	(17,642)	(440)
Net income (loss)	$ 17,762	$ (8,681)	$ 26,002
Income per common share from continuing operations:
Basic	$ 0.46	$ 0.28	$ 0.78
Diluted	0.45	0.27	0.77
Income (loss) per common share from discontinued operations:
Basic	0.12	(0.55)	(0.01)
Diluted	0.12	(0.54)	(0.01)
Net income (loss) per share:
Basic	0.58	(0.27)	0.77
Diluted	0.57	(0.27)	0.76
Dividends declared per share	$ 0.54	$ 0.52	$ 0.36

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Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 17,762	$ (8,681)	$ 26,002
Other comprehensive income (loss)
Foreign currency translation adjustment	(27,622)	(13,318)	(9,292)
Pension liability, net of tax expense (benefit) of $113 in 2015, ($448) in 2014 and $605 in 2013	200	(797)	1,076
Total other comprehensive income (loss), net of tax	(27,422)	(14,115)	(8,216)
Comprehensive income (loss)	$ (9,660)	$ (22,796)	$ 17,786

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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Tax expense (benefit) on pension liability	$ 113	$ (448)	$ 605

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Consolidated Statements of Financial Position - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash	$ 7,344	$ 4,676
Restricted cash	8,627	0
Accounts receivable-less allowances of $559 and $782, respectively	77,633	90,664
Inventories
Finished and in-process products	39,840	40,122
Raw materials and supplies	14,898	23,216
Inventory net	54,738	63,338
Prepaid expenses and other assets	5,966	6,591
Deferred income taxes	0	2,397
Assets held for sale - current	0	117,775
Total Current Assets	154,308	285,441
Other Assets
Goodwill	64,035	66,639
Intangible assets, net	58,530	72,235
Deferred income taxes	840	545
Notes receivable	17,981	0
Other	3,449	3,207
Total other non current assets	144,835	142,626
Property, Plant and Equipment, at Cost
Land	7,960	8,405
Buildings and leasehold improvements	62,519	57,537
Machinery and equipment	345,277	335,963
Property, Plant and Equipment, at cost	415,756	401,905
Less allowances for depreciation and amortization	(284,983)	(265,139)
Property, plant and equipment, net	130,773	136,766
Total Assets	429,916	564,833
Current Liabilities
Accounts payable	71,310	77,320
Accrued expenses
Employee compensation	17,832	14,967
Income taxes	0	3,086
Taxes, other than income taxes	1,733	1,940
Accrued interest	2,709	3,207
Liabilities held for sale	0	27,122
Other	23,228	26,172
Total Current Liabilities	116,812	153,814
Long-term debt	193,006	236,429
Other liabilities	12,354	13,738
Deferred income taxes	10,041	14,281
Shareholders’ Equity
Serial Preferred Shares (authorized 1,000,000 shares; none issued and outstanding)	0	0
Common Shares, without par value (authorized 60,000,000 shares; outstanding 29,521,566 and 31,162,962; net of treasury shares of 8,430,891 and 6,604,175, respectively)	17,895	18,855
Additional paid-in capital	196,743	218,394
Accumulated other comprehensive loss	(39,110)	(11,688)
Retained deficit	(77,825)	(78,990)
Total Shareholders’ Equity	97,703	146,571
Total Liabilities and Shareholders’ Equity	$ 429,916	$ 564,833

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Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Allowances for accounts receivable	$ 559	$ 782
Shareholders’ Equity
Preferred Shares, shares authorized (in shares)	1,000,000	1,000,000
Preferred Shares, shares issued (in shares)	0	0
Preferred Shares, shares outstanding (in shares)	0	0
Common Shares, shares authorized (in shares)	60,000,000	60,000,000
Common Shares, shares outstanding (in shares)	29,521,566	31,162,962
Common shares, treasury (in shares)	8,430,891	6,604,175

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Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Deficit
Balance at Dec. 31, 2012	$ 230,022	$ 20,316	$ 266,419	$ 10,643	$ (67,356)
Balance, shares at Dec. 31, 2012		33,480,189
Stockholders' Equity [Roll Forward]
Net income (loss)	26,002	$ 0	0	0	26,002
Issuances under option plans	$ 5,693	$ 299	5,394	0	0
Issuances under option plans, shares	503,321	503,321
Dividend reinvestment plan	$ 113	$ 4	109	0	0
Dividend reinvestment plan, shares		7,390
Restricted stock vested	0	$ 0	0	0	0
Restricted stock vested, shares		112,000
Restricted stock and stock option grants	2,237	$ 0	2,237	0	0
Restricted stock and stock option grants (shares)		33,152
Tax benefit from options	389	$ 0	389	0	0
Foreign currency translation adjustment	(9,292)	0	0	(9,292)	0
Repurchase of common stock	(8,096)	$ (314)	(7,782)	0	0
Repurchase of common stock (shares)		(530,983)
Stock contributions	202	$ 8	194	0	0
Stock contributions, shares		12,682
Shares withheld for employee taxes on equity awards	(684)	$ 0	(684)	0	0
Shares withheld for employee taxes on equity awards, shares		(44,973)
Declared dividends	(12,155)	$ 0	0	0	(12,155)
Pension liability, net of tax expense (benefit) of $113 in 2015, ($448) in 2014 and $605 in 2013	1,076	0	0	1,076	0
Balance at Dec. 31, 2013	235,507	$ 20,313	266,276	2,427	(53,509)
Balance, shares at Dec. 31, 2013		33,572,778
Stockholders' Equity [Roll Forward]
Net income (loss)	(8,681)	$ 0	0	0	(8,681)
Issuances under option plans	$ 2,792	$ 138	2,654	0	0
Issuances under option plans, shares	228,064	227,664
Dividend reinvestment plan	$ 134	$ 4	130	0	0
Dividend reinvestment plan, shares		7,159
Restricted stock vested	0	$ 75	(75)	0	0
Restricted stock vested, shares		123,829
Restricted stock and stock option grants	2,835	$ 10	2,825	0	0
Restricted stock and stock option grants (shares)		15,055
Tax benefit from options	679	$ 0	679	0	0
Foreign currency translation adjustment	(13,318)	0	0	(13,318)	0
Repurchase of common stock	(54,897)	$ (1,660)	(53,237)	0	0
Repurchase of common stock (shares)		(2,742,506)
Stock contributions	200	$ 6	194	0	0
Stock contributions, shares		9,376
Shares withheld for employee taxes on equity awards	(1,083)	$ (31)	(1,052)	0	0
Shares withheld for employee taxes on equity awards, shares		(50,393)
Declared dividends	(16,800)	$ 0	0	0	(16,800)
Pension liability, net of tax expense (benefit) of $113 in 2015, ($448) in 2014 and $605 in 2013	(797)	0	0	(797)	0
Balance at Dec. 31, 2014	$ 146,571	$ 18,855	218,394	(11,688)	(78,990)
Balance, shares at Dec. 31, 2014	31,162,962	31,162,962
Stockholders' Equity [Roll Forward]
Net income (loss)	$ 17,762	$ 0	0	0	17,762
Issuances under option plans	$ 2,775	$ 162	2,613	0	0
Issuances under option plans, shares	239,508	239,908
Dividend reinvestment plan	$ 149	$ 5	144	0	0
Dividend reinvestment plan, shares		8,968
Restricted stock vested	0	$ 78	(78)	0	0
Restricted stock vested, shares		120,723
Restricted stock and stock option grants	5,277	$ 0	5,277	0	0
Restricted stock and stock option grants (shares)		0
Tax benefit from options	38	$ 0	38	0	0
Foreign currency translation adjustment	(27,622)	0	0	(27,622)	0
Repurchase of common stock	(30,023)	$ (1,193)	(28,830)	0	0
Repurchase of common stock (shares)		(1,992,379)
Stock contributions	148	$ 5	143	0	0
Stock contributions, shares		8,250
Shares withheld for employee taxes on equity awards	(975)	$ (17)	(958)	0	0
Shares withheld for employee taxes on equity awards, shares		(26,866)
Declared dividends	(16,597)	$ 0	0	0	(16,597)
Pension liability, net of tax expense (benefit) of $113 in 2015, ($448) in 2014 and $605 in 2013	200	0	0	200	0
Balance at Dec. 31, 2015	$ 97,703	$ 17,895	$ 196,743	$ (39,110)	$ (77,825)
Balance, shares at Dec. 31, 2015	29,521,566	29,521,566

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Consolidated Statement of Shareholders' Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends declared per share (in dollars per share)	$ 0.54	$ 0.52	$ 0.36
Tax expense (benefit) on pension liability	$ 113	$ (448)	$ 605
Retained Deficit
Dividends declared per share (in dollars per share)	$ 0.54	$ 0.52	$ 0.36
Accumulated Other Comprehensive Income (Loss)
Tax expense (benefit) on pension liability	$ 113	$ 448	$ 605

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flows From Operating Activities
Net income (loss)	$ 17,762	$ (8,681)	$ 26,002
Income (loss) from discontinued operations, net of income taxes	3,709	(17,642)	(440)
Income from continuing operations	14,053	8,961	26,442
Adjustments to reconcile income from continuing operations to net cash provided by (used for) operating activities
Depreciation	24,712	24,173	20,386
Amortization	10,267	6,999	3,142
Non-cash stock compensation	4,934	3,115	2,557
Deferred taxes	(315)	(2,665)	(2,729)
Tax benefit from options	(38)	(679)	(390)
Other	762	562	1,257
Payments on performance based compensation	(1,303)	(1,293)	(1,719)
Accrued interest income on note receivable	(1,060)	0	0
Other long-term liabilities	1,106	341	(978)
Cash flows provided by (used for) working capital
Accounts receivable	3,499	2,710	(1,964)
Inventories	5,271	2,377	3,011
Prepaid expenses and other assets	573	(966)	(840)
Accounts payable and accrued expenses	(13,107)	8,122	26,758
Net cash provided by (used for) operating activities - continuing operations	49,354	51,757	74,933
Net cash provided by (used for) operating activities - discontinued operations	(11,622)	(13,062)	21,135
Net cash provided by (used for) operating activities	37,732	38,695	96,068
Cash Flows From Investing Activities
Capital expenditures	(23,727)	(24,170)	(20,709)
Acquisition of business, net of cash acquired	0	(156,620)	(600)
Proceeds from sale of property, plant and equipment	1,261	566	0
Proceeds from sale of business	70,762	0	0
Other	0	0	(273)
Net cash provided by (used for) investing activities - continuing operations	48,296	(180,224)	(21,582)
Net cash provided by (used for) investing activities - discontinued operations	(581)	11,626	(8,359)
Net cash provided by (used for) investing activities	47,715	(168,598)	(29,941)
Cash Flows From Financing Activities
Proceeds from long-term debt	0	89,000	11,000
Repayments on long-term debt	0	0	(32,683)
Net (repayments) borrowing on credit facility	(37,110)	106,493	(24,492)
Cash dividends paid	(16,675)	(15,707)	(9,103)
Proceeds from issuance of common stock	2,924	2,926	5,805
Tax benefit from options	38	679	390
Repurchase of common stock	(30,023)	(54,897)	(8,096)
Shares withheld for employee taxes on equity awards	(975)	(1,083)	(684)
Deferred financing costs	0	(547)	(608)
Net cash provided by (used for) financing activities - continuing operations	(81,821)	126,864	(58,471)
Net cash provided by (used for) financing activities - discontinued operations	0	0	(2,317)
Net cash provided by (used for) financing activities	(81,821)	126,864	(60,788)
Foreign exchange rate effect on cash	(958)	1,176	(2,748)
Net increase (decrease) in cash	2,668	(1,863)	2,591
Cash at January 1	4,676	6,539	3,948
Cash at December 31	7,344	4,676	6,539
Supplemental Disclosures of Cash Flow Information
Interest	10,131	4,973	4,196
Income taxes	$ 10,138	$ 11,355	$ 12,321

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Significant Accounting Policies

1.  Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. All subsidiaries that are not wholly owned and are not included in the consolidated operating results of the Company are immaterial investments which have been accounted for under the equity or cost method. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.

Certain items previously reported in specific financial statement captions have been reclassified to conform to the fiscal 2015 presentation.

Accounting Standards Adopted

In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Balance Sheet Classification of Deferred Taxes, which amends the existing guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet and eliminates the prior guidance, which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The amendments in this ASU are effective for financial statements for annual periods and interim periods within those annual periods beginning after December 15, 2016, with early adoption permitted. In addition, the new guidance can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company adopted this ASU on a prospective basis effective as of December 31, 2015. As required by ASU 2015-17, all deferred tax assets and liabilities are classified as noncurrent in the accompanying Consolidated Statements of Financial Position as of December 31, 2015. As the Company elected prospective application of this ASU, prior periods were not adjusted.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 300): Simplifying the Measurement of Inventory, which applies to inventory measured using first-in, first out (“FIFO”) or average cost. This update prescribes that an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This update is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively with early adoption permitted at the beginning of an interim or annual reporting period. The Company adopted this standard in the fourth quarter of 2015, and the impact of adoption was not material to the Company’s results of operations, cash flows or financial position.

Accounting Standards Not Yet Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under ASU 2016-02, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The new standard is effective for the Company beginning January 1, 2019 and requires a modified retrospective approach. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements.

In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments in relation to business combinations. Under existing standards, the measurement-period adjustments are calculated as if they were known at the acquisition date, and are recognized by revising information in prior periods. Under the new standard, measurement-period adjustments continue to be calculated as if they were known at the acquisition date, but are recognized in the reporting period in which they are determined, with no revisions to prior periods relating to the business combination. In addition to the current disclosure requirement explaining the nature and amount of the measurement-period adjustments, additional disclosures will be required to explain the impact on current period income statement line items of adjustments that would have been recognized in prior periods if such period information had been revised. ASU 2015-16 is effective for annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2015, with early adoption permitted. ASU 2015-16 will be adopted on January 1, 2016. The adoption of this standard is not expected to have a material impact on the Company's financial statements.

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-03) - Simplifying the Presentation of Debt Issuance Costs which requires unamortized debt issuance costs to be presented as a reduction of the corresponding debt liability rather than a separate asset. ASU 2015-03 will be adopted on January 1, 2016. The adoption of this standard is not expected to have a material impact on the Company's financial statements.

In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Under ASU 2014-15, management will be required to perform interim and annual assessments of the Company’s ability to continue as a going concern within one year of the date the financial statements are issued. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The adoption of this standard is not expected to have an impact on the Company’s financial statement disclosures.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to clarify the principles used to recognize revenue for all entities. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Under the original issuance, the new standard would have been effective beginning January 1, 2017. In August 2015, the FASB issued ASU 2015-14 which delays the standard effective date by one year. In accordance with this delay, the new standard will be effective for the Company beginning January 1, 2018. Early adoption is permitted, but not before the original effective date of the standard. Companies can transition to the new standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact the adoption of this guidance will have on its consolidated financial statements as well as the method by which the Company will adopt the new standard.

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income (loss) as a separate component of shareholders' equity.

Fair Value Measurement

The Company follows guidance included in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied under U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximate carrying value due to the nature and relative short maturity of these assets and liabilities.

The fair value of debt under the Company’s Loan Agreement approximates carrying value due to the floating rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs. At December 31, 2015 and 2014, the aggregate fair value of the Company's $100.0 million fixed rate senior unsecured notes was estimated at $102.1 million and $106.8 million, respectively.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk primarily consist of trade accounts receivable. The concentration of accounts receivable credit risk is generally limited based on the Company’s diversified operations, with customers spread across many industries and countries. The Company’s largest single customer in 2015 accounts for approximately 4% of net sales with no other customer greater than 3%. Outside of the United States, only customers located in Brazil and Canada, which account for approximately 5% and 5% of net sales, respectively, are significant to the Company’s operations. In addition, management has established certain requirements that customers must meet before credit is extended. The financial condition of customers is continually monitored and collateral is usually not required. The Company evaluates the collectability of accounts receivable based on a combination of factors. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific allowance for doubtful accounts is recorded against amounts due to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. Additionally, the Company also reviews historical trends for collectability in determining an estimate for its allowance for doubtful accounts. If economic circumstances change substantially, estimates of the recoverability of amounts due the Company could be reduced by a material amount. Expense related to bad debts was approximately $0.3 million, $0.4 million and $0.5 million for the years 2015, 2014 and 2013, respectively. Deductions from the allowance for doubtful accounts, net of recoveries, were approximately $0.5 million, $0.9 million and $0.8 million for the years 2015, 2014 and 2013, respectively.

Factoring

The Company's wholly-owned subsidiaries Plasticos Novel Do Nordeste S.A. and Plasticos Novel Do Parana S.A. (collectively, "Novel") entered into a factoring agreement to sell, without recourse, certain of their Brazilian real-based trade accounts receivables to unrelated third party financial institutions as part of its working capital management. The sale of these receivables accelerated the collection of cash and reduced credit exposure. Under the terms of the factoring agreements, the Company retains no rights or interest and has no obligations with respect to the sold receivables. As such, the factoring of trade receivables under these agreements are accounted for as a sale. The Company accounts for its trade receivable factoring program as required under ASC 860, Transfers and Servicing. During 2015, $5.8 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $5.4 million. During 2014, $9.1 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $8.8 million. The receivables sold pursuant to the factoring agreements have been recorded as a reduction of trade accounts receivable and as cash provided by operating activities in the accompanying Consolidated Statements of Cash Flows. The Company pays an administrative fee based on the dollar value of the receivables sold. Administrative fees related to the program for 2015 and 2014 were approximately $0.4 million $0.3 million, respectively. These fees are included in general and administrative expenses in the accompanying Consolidated Statements of Operations.

Inventories

Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Approximately 40 percent of our inventories are valued using the LIFO method of determining cost. All other inventories are valued at the FIFO method of determining cost.

If the FIFO method of inventory cost valuation had been used exclusively by the Company, inventories would have been $5.1 million, $6.8 million and $8.1 million higher than reported at December 31, 2015, 2014 and 2013, respectively. The liquidation of LIFO inventories decreased cost of sales and increased income from continuing operations before income taxes by less than $0.1 million in 2015, $0.4 million in 2014 and less than $0.1 million in 2013.

Property, Plant and Equipment

Property, plant and equipment are carried at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization on the basis of the straight-line method over the estimated useful lives of the assets as follows:

Buildings	20 to 40 years
Machinery and Equipment	3 to 10 years
Leasehold Improvements	5 to 10 years

At December 31, 2015 and 2014, the Company had approximately $4.1 million and $2.1 million, respectively, of capitalized software costs included in machinery and equipment on the accompanying Consolidated Statements of Financial Position. Amortization expense related to capitalized software costs was approximately $0.5 million, $0.3 million and $0.1 million in 2015, 2014 and 2013, respectively.

Long-Lived Assets

The Company reviews its long-lived assets and identifiable intangible assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Determination of potential impairment related to assets to be held and used is based upon undiscounted future cash flows resulting from the use and ultimate disposition of the asset. For assets held for disposal, the amount of potential impairment may be based upon appraisal of the asset, estimated market value of similar assets or estimated cash flow from the disposition of the asset. Refer to Note 4 for discussion of the Lawn and Garden business 2014 impairment charge.

Revenue Recognition

The Company recognizes revenues from the sale of products, net of estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) and are as follows:

	Foreign Currency			Defined Benefit  Pension Plans			Total
Balance at January 1, 2013	$	12,785		$	(2,142	)	$	10,643
Other comprehensive income (loss) before reclassifications		(9,292	)		1,005			(8,287	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($40)(1)		—			71			71
Net current-period other comprehensive income (loss)		(9,292	)		1,076			(8,216	)
Balance at December 31, 2013		3,493			(1,066	)		2,427
Other comprehensive income (loss) before reclassifications		(13,318	)		(826	)		(14,144	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($16)(1)		—			29			29
Net current-period other comprehensive income (loss)		(13,318	)		(797	)		(14,115	)
Balance at December 31, 2014		(9,825	)		(1,863	)		(11,688	)
Other comprehensive income (loss) before reclassifications		(17,131	)		144			(16,987	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($32)(1)		(10,491	)		56			(10,435	)
Net current-period other comprehensive income (loss)		(27,622	)		200			(27,422	)
Balance at December 31, 2015	$	(37,447	)	$	(1,663	)	$	(39,110	)

(1) The accumulated other comprehensive income (loss) components related to defined benefit pension plans are included in the computation of net periodic pension cost. (See Note 12-Retirement Plans for additional details.) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.

Shipping and Handling

Shipping and handling expenses are primarily classified as selling expenses in the accompanying Consolidated Statements of Operations. The Company incurred shipping and handling costs of approximately $16.4 million, $19.4 million and $17.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Stock Based Compensation

The Company has stock plans that provide for the granting of stock-based compensation to employees and to non-employee directors. Shares issued for option exercises or restricted shares may be either from authorized but unissued shares or treasury shares. The Company records the costs of the plan under the provisions of ASC 718, Compensation — Stock Compensation. For transactions in which the Company obtains employee services in exchange for an award of equity instruments, the Company measures the cost of the services based on the grant date fair value of the award. The Company recognizes the cost over the period during which an employee is required to provide services in exchange for the award, referred to as the requisite service period (usually the vesting period).

Income Taxes

Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be received or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company evaluates its tax positions in accordance with ASC 740, Income Taxes. ASC 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized under ASC 740. The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

Cash flows used in investing activities excluded $6.6 million, $0.2 million and $0.5 million of accrued capital expenditures in 2015, 2014 and 2013, respectively.

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Acquisitions

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Acquisitions

2.  Acquisitions

On July 2, 2014, CA Acquisition Inc., now known as Scepter Canada Inc., and a wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of substantially all of the assets and assumption of certain liabilities of Scepter Corporation and certain real property of SHI Properties Inc., both located in Scarborough, Ontario, Canada. Contemporaneously with the asset acquisition, Crown US Acquisition Company, now known as Scepter US Holding Company, and another wholly-owned subsidiary of Myers Industries, Inc., completed the purchase of all of the issued and outstanding membership interests of Eco One Leasing, LLC and Scepter Manufacturing, LLC, both located in Miami, Oklahoma. Eco One Leasing, LLC was subsequently merged into Scepter Manufacturing, LLC. The total purchase price for these acquisitions (collectively, “Scepter”) was approximately $156.6 million in cash, which includes a final working capital adjustment of approximately $1.2 million. The acquisition of Scepter was funded from net proceeds from additional borrowings of approximately $134.1 million under the Fourth Amended and Restated Loan Agreement and cash on hand of $22.5 million.

The acquisition of Scepter strengthens and expands the Company's position as an industry leading producer of portable marine fuel containers, portable fuel and water containers and accessories, ammunition containers, storage totes and environmental bins for the marine, military, consumer and industrial markets. The acquisition of Scepter is consistent with the Company's business strategy and the products fit well with the Company's overall portfolio. The operating results of Scepter have been included within our Consolidated Statements of Operations and within the Company's Material Handling Segment since the date of acquisition. The Consolidated Statement of Operations for the Company for the year ended December 31, 2014 included net sales of $39.4 million and an operating loss of $5.4 million related to Scepter. Scepter's operating results included $2.3 million of inventory purchase accounting fair value adjustments charged to cost of sales as the inventory was sold. In addition, transactional costs of approximately $3.6 million for the year ended December 31, 2014 are included in general and administrative expenses in the accompanying Consolidated Statements of Operations.

The Company accounted for the acquisition of Scepter using the acquisition method of accounting, which requires among other things, the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. The purchase price allocation is completed, and adjustments to the purchase price allocation in 2015 were not material.

Scepter's assets and liabilities were recorded at fair value as of the date of acquisition using primarily level 3 fair value inputs. The purchase consideration, related final allocations, and resulting excess over fair value of net assets acquired are as follows:

Assets acquired:
Current assets	$	34,572
Property, plant and equipment		44,613
Intangible assets		66,500
Assets acquired	$	145,685
Liabilities assumed:
Current liabilities	$	8,577
Total liabilities assumed		8,577
Goodwill		19,512
Total consideration	$	156,620

Goodwill is calculated as the excess of the consideration transferred over the assets acquired and liabilities assumed and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The Company expects that approximately $10.3 million of goodwill recognized for the acquisition will be deductible for tax purposes in Canada.

Identifiable intangible assets acquired in connection with the acquisition of Scepter are as follows:

			Estimated
	Fair Value		Useful Life	Valuation Method
Intangible assets not subject to amortization:
Trademarks and trade names	$	8,900	Indefinite	Relief from royalty
Intangible assets subject to amortization:
Technology		22,300	10 years	Relief from royalty
Customer relationships		35,300	6 years	Multi-periodexcessearnings
		57,600
Total	$	66,500

The following unaudited pro forma information presents a summary of the consolidated results of operations for the Company as if the acquisition of Scepter had occurred on January 1, 2013.

	For the Year Ended
	December 31, 2014		December 31, 2013
Net sales	$	675,046	$	679,567
Income from continuing operations	$	16,206	$	30,271
Net income per share from continuing operations:
Basic	$	0.50	$	0.89
Diluted	$	0.50	$	0.89

The unaudited pro forma consolidated results are based on the Company’s historical financial statements and those of Scepter and do not necessarily indicate the results of operations that would have resulted had the acquisition actually been completed at the beginning of the applicable period presented. The unaudited pro forma results reflect the business combination accounting effects from the acquisition including amortization charges from the acquired intangible assets, inventory purchase accounting adjustments charged to cost of sales as the inventory is sold and increased interest expense associated with debt incurred to fund the acquisition. The unaudited pro forma consolidated results do not give effect to the synergies of the acquisition and are not indicative of the results of operations in future periods.

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Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

3.  Goodwill and Intangible Assets

The Company is required to test for impairment of goodwill and indefinite-lived intangible assets on at least an annual basis. The Company conducted its annual impairment assessment as of October 1 for all of its reporting units, noting no impairment in 2015, 2014 or 2013. Based on procedures conducted to test impairment of goodwill of the Company’s reporting units, the fair values of the Plasticos Novel do Nordeste S. A. (“Novel”) and Jamco Products, Inc. (“Jamco”) reporting units did not substantially exceed their carrying value as of our assessment date in 2015. The estimated fair value of Novel and Jamco exceeded their carrying values by approximately 10% and 20%, respectively. Although no goodwill impairment charge is required for 2015, it does present a risk of future impairment for the goodwill assigned to those reporting units. The decline in the fair values of these businesses was driven primarily by reduced profitability as a result of lower margins and a prolonged economic downturn in the Brazilian economy impacting Novel. As a result, management decreased future projections of the operating results and cash flows in assessing goodwill at these reporting units. The Company tests for impairment whenever events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying amount. Such events may include, but are not limited to, significant changes in economic and competitive conditions, the impact of the economic environment on the Company’s customer base or its businesses, or a material negative change in its relationships with significant customers.

During the 2015 annual review of goodwill, management performed a two-step quantitative test for all of its reporting units. In evaluating goodwill for impairment using the two-step test, the Company uses a combination of valuation techniques primarily using discounted cash flows to estimate the fair values of its business reporting units and market based multiples as supporting evidence. The variables and assumptions used, all of which are level 3 fair value inputs, include the projections of future revenues and expenses, working capital, terminal values, discount rates and long term growth rates. The market multiples observed in sale transactions are determined separately for each reporting unit, and are based on the weighted average cost of capital for each of the Company’s reporting units, which ranged from 11.0% to 14.5% in 2015. In addition the Company makes certain judgments about the selection of comparable companies used in determining market multiples in valuing our reporting units, as well as certain assumptions to allocate shared assets and liabilities to calculate values for each of our reporting units. The underlying assumptions used are based on historical actual experience and future expectations. The Company compares the fair value of each of its reporting units to their respective carrying values, including related goodwill. The Company also compares our book value and the estimates of fair value of the reporting units to our market capitalization as of and at dates near the annual testing date. Management uses this comparison as additional evidence of the fair value of the Company, as our market capitalization may be suppressed by other factors such as the control premium associated with a controlling shareholder, our leverage or general expectations regarding future operating results and cash flows. In situations where the implied value of the Company under the Income or Market Approach are significantly different than our market capitalization, the Company re-evaluates and adjusts, if necessary, the assumptions underlying our Income and Market Approach models. Our estimate of the fair values of these reporting units, and the related goodwill, could change over time based on a variety of factors, including the aggregate market value of the Company’s common stock, actual operating performance of the underlying businesses or the impact of future events on the cost of capital and the related discount rates used.

The change in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 is as follows:

	Distribution		Material Handling			Total
January 1, 2014	$	505	$	50,570		$	51,075
Acquisitions		—		19,812			19,812
Foreign currency translation		—		(4,248	)		(4,248	)
December 31, 2014		505		66,134			66,639
Measurement period adjustments		—		(300	)		(300	)
Foreign currency translation		—		(2,304	)		(2,304	)
December 31, 2015	$	505	$	63,530		$	64,035

Intangible assets other than goodwill primarily consist of trade names, customer relationships, patents, and technology assets established in connection with acquisitions. These intangible assets, other than certain trade names, are amortized over their estimated useful lives. The Company performs an annual impairment assessment for the indefinite lived trade names which had a carrying value of $10,859 and $11,256 at December 31, 2015 and 2014, respectively. In performing this assessment the Company uses an income approach, based primarily on level 3 inputs, to estimate the fair value of the trade name. The Company records an impairment charge if the carrying value of the trade name exceeds the estimated fair value at the date of assessment.

Intangible assets at December 31, 2015 and 2014 consisted of the following:

			2015							2014
	Weighted Average Remaining Useful Life (years)		Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Trade Names - Indefinite Lived			$	10,859	$	—		$	10,859	$	11,256	$	—		$	11,256
Trade Names		4.3		280		(142	)		138		280		(110	)		170
Customer Relationships		4.1		40,427		(16,165	)		24,262		41,332		(7,964	)		33,368
Technology		8.0		27,177		(5,166	)		22,011		27,642		(2,552	)		25,090
Patents		1.2		11,724		(10,464	)		1,260		10,888		(8,538	)		2,350
Non-Compete		0.0		—		—			—		150		(149	)		1
			$	90,467	$	(31,937	)	$	58,530	$	91,548	$	(19,313	)	$	72,235

Intangible amortization expense was $9,802, $6,466 and $2,769 in 2015, 2014 and 2013, respectively. Estimated annual amortization expense for intangible assets with finite lives for the next five years is: $9,492 in 2016; $8,584 in 2017; $8,200 in 2018, $7,705 in 2019 and $4,972 in 2020.

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Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

4.  Discontinued Operations

On June 20, 2014, the Company completed the sale of the assets and associated liabilities of its wholly-owned subsidiaries WEK Industries, Inc. and Whiteridge Plastics LLC (collectively “WEK”) for approximately $20.7 million, which includes a working capital adjustment of approximately $0.8 million. Of the total proceeds from the sale of WEK, approximately $1.0 million was held in escrow until it was received in December 2015. The Company recorded a gain on the sale of WEK in 2014 of approximately $3.0 million, net of tax of $1.6 million, which was included in income (loss) from discontinued operations in the Consolidated Statements of Operations.

During the second quarter of 2014, the Company’s Board of Directors approved the commencement of the sale process to divest its Lawn and Garden business to allow it to focus resources on its core growth platforms. The Lawn and Garden business served the North American horticulture market with plastic products such as seedling trays, nursery products, hanging baskets, custom print containers as well as decorative resin planters. The business was sold February 17, 2015 to an entity controlled by Wingate Partners V, L.P., a private equity firm, for $110.0 million, subject to a working capital adjustment. The sale of the Lawn & Garden business included manufacturing facilities and offices located in Twinsburg, Ohio; Middlefield, Ohio; Elyria, Ohio; Sparks, Nevada; Sebring, Florida; Brantford, Ontario; and Burlington, Ontario. The terms of the agreement include a $90.0 million cash payment, promissory notes totaling $20.0 million that mature in August 2020, a 6% interest rate and approximately $8.6 million placed in escrow that is due to be settled by August 2016. The fair market value of the notes at February 17, 2015 was $17.8 million and is included in Notes Receivable in the accompanying Consolidated Statements of Financial Position, in which the carrying value represents the fair value at date of sale plus accretion as of December 31, 2015. The fair value of the notes receivable was calculated using level 2 inputs as defined in Note 1. A disagreement between the parties over the calculation of the final working capital adjustment was resolved by arbitration on March 9, 2016. As a result of the final ruling, the Company recorded an additional gain of $0.6 million, net of tax, in 2015. The final working capital adjustment will result in a cash payment to the buyer of approximately $4.0 million in 2016. The total gain on the sale of the Lawn and Garden business was $4.7 million, net of tax, during 2015 and is included in income (loss) from discontinued operations in the accompanying Consolidated Statements of Operations.

Since the second quarter of 2014 and until the business was sold on February 17, 2015, the Lawn and Garden business met the held-for-sale criteria under the requirements of ASC 360, Property, Plant and Equipment. Accordingly, at December 31, 2014, the Company had classified and accounted for the assets and liabilities of the Lawn and Garden business as held for sale in the accompanying Consolidated Statements of Financial Position and the operating results of Lawn and Garden and WEK, for periods prior to the sale, net of tax, as discontinued operations in the accompanying Consolidated Statements of Operations for all periods presented. In addition, the Company performed a fair value assessment of the Lawn and Garden business. The fair value, determined as sales price less cost to sell the business, was less than its carrying value at December 31, 2014, resulting in an $18.9 million impairment charge reported as discontinued operations in the accompanying Consolidated Statements of Operations for the year ended December 31, 2014.

Summarized selected financial information for the Lawn and Garden business and WEK for the years ended December 31, 2015, 2014 and 2013 are presented in the following table:

	Year Ended
	December 31,
	2015*			2014**			2013
Net sales	$	29,335		$	204,716		$	240,477
Loss from discontinued operations before income taxes	$	(1,214	)	$	(30,038	)	$	(394	)
Income tax (benefit) expense		(262	)		(9,408	)		46
Loss from discontinued operations		(952	)		(20,630	)		(440	)
Net gain on sale of discontinued operations, inclusive of tax benefit of ($2.8 million) for the year ended December 31, 2015 and tax provision of $1.6 million for the year ended December 31, 2014		4,661			2,988			—
Income (loss) from discontinued operations, net of income taxes	$	3,709		$	(17,642	)	$	(440	)

* Includes Lawn and Garden operating results through February 17, 2015.

** Includes WEK operating results through June 20, 2014.

The assets and liabilities of discontinued operations are stated separately as of December 31, 2014 in the Consolidated Statements of Financial Position and are comprised of the following items:

	December 31, 2014
Assets
Accounts receivable-net	$	29,794
Inventories		50,951
Prepaid expenses and other current assets		1,709
Goodwill		9,107
Patents and other intangible assets, net		6,030
Property, plant and equipment, net		38,168
Net asset impairment*		(18,858	)
Other		874
Total Assets Held for Sale	$	117,775
Liabilities
Accounts payable	$	22,239
Accrued expenses and other liabilities		4,883
Total Liabilities Held for Sale	$	27,122

* Impairment includes the cumulative translation credit adjustment associated with the Lawn and Garden business.

The Lawn and Garden business restructuring plan, announced in July 2013, detailed the closure of two manufacturing plants: one in Brantford, Ontario and the second in Waco, Texas. The restructuring actions included closure, relocation and employee related costs. Through December 31, 2014, the Lawn and Garden business incurred approximately $14.0 million of severance charges and personnel costs under its restructuring plan. Restructuring actions under the plan have been completed.

Restructuring charges related to discontinued operations for the year ended 2015, 2014 and 2013 are presented in the following table:

	Year Ended December 31,
	2015		2014		2013*
Severance and personnel	$	—	$	1,743	$	2,614
Other exit costs		—		3,762		6,189
Total	$	—	$	5,505	$	8,803

* Includes WEK restructuring charges of $0.2 million in 2013.

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Net Income Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

5.  Net Income (Loss) Per Common Share

Net income (loss) per common share, as shown on the accompanying Consolidated Statements of Operations, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	2015		2014		2013
Weighted average common shares outstanding basic		30,616,485		32,232,965		33,588,720
Dilutive effect of stock options and restricted stock		327,208		471,047		454,705
Weighted average common shares outstanding diluted		30,943,693		32,704,012		34,043,425

Options to purchase 463,200, 198,500 and 123,900 shares of common stock that were outstanding at December 31, 2015, 2014 and 2013, respectively, were not included in the computation of diluted earnings per share as the exercise prices of these options was greater than the average market price of common shares, and were therefore anti-dilutive.

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Restructuring

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Restructuring

6.  Restructuring

The charges related to various restructuring programs implemented by the Company are included in selling, general and administrative (“SG&A”) expenses and cost of sales depending on the type of cost incurred. The restructuring charges are presented in the following table.

	2015						2014						2013
Segment	Cost of sales		SG&A		Total		Cost of sales		SG&A		Total		Cost of sales		SG&A		Total
Distribution	$	—	$	124	$	124	$	—	$	764	$	764	$	—	$	194	$	194
Material Handling		1,340		912		2,252		189		260		449		178		47		225
Corporate		—		35		35		—		—		—		—		17		17
Total	$	1,340	$	1,071	$	2,411	$	189	$	1,024	$	1,213	$	178	$	258	$	436

In 2015, the Material Handling Segment consolidated two manufacturing plants, streamlined Brazilian operations, closed a Canadian branch operation and sold a product line. The Company recorded $2.3 million of restructuring cost for these initiatives, primarily related to severance and moving expenses for equipment and inventory.

During 2014, the Distribution Segment closed its Canadian branches operating under the name Myers Tire Supply International.  The restructuring actions included closure, lease cancellation and employee related costs, which amounted to approximately $0.8 million.  Restructuring actions under the plan have been completed.

Also during 2014, the Material Handling Segment restructured its sales and finance organization within several of its businesses.  Restructuring costs of $0.4 million were incurred related to these actions.

During 2013, the Distribution Segment recorded restructuring costs of $0.2 million related to branch closure and severance costs.  The Material Handling Segment incurred costs of $0.2 million related to severance.

No accruals remain related to restructuring programs as of December 31, 2015 and 2014.  

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Other Accrued Expenses

12 Months Ended

Dec. 31, 2015

Payables And Accruals [Abstract]

Other Accrued Expenses

7.  Other Accrued Expenses

As of December 31, 2015 and 2014, the balance in other accrued expenses is comprised of the following:

	2015		2014
Deposits and amounts due to customers	$	9,351	$	10,591
Dividends payable		4,190		4,267
Accrued litigation and professional fees		308		3,458
Other accrued expenses		9,379		7,856
	$	23,228	$	26,172

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Stock Compensation

12 Months Ended

Dec. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock Compensation

8.  Stock Compensation

The Company’s Amended and Restated 2008 Incentive Stock Plan (the “2008 Plan”) authorizes the Compensation Committee of the Board of Directors to issue up to 4,000,000 shares of various types of stock based awards including stock options, restricted stock, restricted stock units and stock appreciation rights to key employees and directors. Options granted and outstanding vest over the requisite service period and expire ten years from the date of grant.

The following tables summarize stock option activity in the past three years:

Options granted in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		208,200	$	18.67
2014		209,500	$	20.93
2013		323,400	$	14.77

Options exercised in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		239,508	$9.97 to $17.02
2014		228,064	$9.97 to $17.02
2013		503,321	$8.00 to $18.62

In addition, options totaling 71,567, 43,252 and 164,528 expired or were forfeited during the years ended December 31, 2015, 2014 and 2013, respectively.

Options outstanding and exercisable at December 31, 2015, 2014 and 2013 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		WeightedAverage Exercise Price
2015		1,409,881	$9.00 to $20.93		1,231,544	$	13.47
2014		1,512,756	$9.00 to $20.93		1,066,219	$	11.58
2013		1,574,572	$9.00 to $18.62		1,057,694	$	11.48

Stock compensation expense reduced income before taxes approximately $4,934, $3,115 and $2,557 for the years ended December 31, 2015, 2014, and 2013, respectively. These expenses are included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations. Total unrecognized compensation cost related to non-vested share based compensation arrangements at December 31, 2015 was approximately $3,918 which will be recognized over the next three years, as such compensation is earned.

The fair value of options granted is estimated using an option pricing model based on assumptions set forth in the following table. The Company uses historical data to estimate employee exercise and departure behavior. The risk free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant and through the expected term. The dividend yield rate is based on the Company’s historical dividend yield. The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole. In 2015, 2014 and 2013, the Company used the binomial lattice option pricing model based on assumptions set forth in the following table.

	2015			2014			2013
Risk free interest rate		2.10	%		2.80	%		1.86	%
Expected dividend yield		2.90	%		2.50	%		2.40	%
Expected life of award (years)		8.0			7.0			7.0
Expected volatility		50.00	%		50.00	%		50.00	%
Fair value per option share	$	6.03		$	7.05		$	5.39

The following table provides a summary of stock option activity for the period ended December 31, 2015:

	Shares			Average Exercise Price		Weighted Average Life	Aggregate Intrinsic Value
Outstanding at December 31, 2014		1,512,756		$	13.24
Options Granted		208,200			18.67
Options Exercised		(239,508	)		11.57
Canceled or forfeited		(71,567	)		17.30
Outstanding at December 31, 2015		1,409,881			14.12	5.47	$	1,904
Exercisable at December 31, 2015		1,231,544		$	13.47	5.02	$	1,904

The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. The intrinsic value of stock options exercised in 2015, 2014 and 2013 was $1,151, $1,744 and $2,588, respectively.

The following table provides a summary of combined restricted stock units and restricted stock activity for the year ended December 31, 2015:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2014		236,196
Granted		224,994		$	16.65
Vested		(209,002	)		16.55
Forfeited		(22,798	)		18.63
Unvested shares at December 31, 2015		229,390		$	16.68

Restricted stock units are rights to receive shares of common stock, subject to forfeiture and other restrictions, which vest over a two or three year period. Restricted shares are considered to be non-vested shares under the accounting guidance for share-based payment and are not reflected as issued and outstanding shares until the restrictions lapse. At that time, the shares are released to the grantee and the Company records the issuance of the shares. Restricted stock awards are valued based on the market price of the underlying shares on the grant date. Compensation expense is recognized on a straight-line basis over the requisite service period. At December 31, 2015, restricted stock awards had vesting periods up through December 2018.

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Contingencies

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure [Abstract]

Contingencies

9.  Contingencies

The Company is a defendant in various lawsuits and a party to various other legal proceedings, in the ordinary course of business, some of which are covered in whole or in part by insurance.

New Idria Mercury Mine

Effective October 2011, the U.S. Environmental Protection Agency (“EPA”) added the New Idria Mercury Mine site located near Hollister, California to the Superfund National Priorities List because of alleged contaminants discharged to California waterways. The New Idria Quicksilver Mining Company, founded in 1936, and later renamed the New Idria Mining & Chemical Company ("NIMCC") owned and/or operated the New Idria Mine through 1976. In 1981 NIMCC, after another name change, was merged into Buckhorn Metal Products Inc. which was subsequently acquired by Myers Industries in 1987. The EPA contends that past mining operations have resulted in mercury contamination and acid mine drainage at the mine site, in the San Carlos Creek, Silver Creek and a portion of Panoche Creek, and that other downstream locations may also be impacted.

In September 2015, a subsidiary of the Company, Buckhorn, Inc. (“Buckhorn”) received a notice letter and related documents from EPA (the “Notice Letter”) formally informing Buckhorn that it considers it to be a potentially responsible party (“PRP”) in connection with the New Idria Mercury Mine site. As a result of this Notice Letter, Buckhorn and the Company expect to engage in negotiations with EPA with respect to a draft Administrative Order proposed by EPA for the Remedial Investigation/Feasibility Study (“RI/FS”) for the site to determine the extent of remediation necessary and the screening of alternatives. The Company recognized an expense of $1.9 million, on an undiscounted basis, in 2011 related to performing a RI/FS. As part of the Notice Letter, EPA also made a claim for approximately $1.6 million in past costs for actions it claims it has taken in connection with the New Idria Mercury Mine site since 1993. These costs include approximately $0.5 million for an interim removal project at the New Idria Mercury Mine site completed by the EPA in November 2011. It is expected this removal action will be part of the final remediation strategy for the site. The Company currently expects to challenge EPA's past cost claims. The Company reserved an additional $1.3 million in 2015 related to the EPA claim, reflected as an increase in general and administrative expenses in the Consolidated Statements of Operations. Total payments of approximately $1.2 million have been made and charged against the reserve classified in Other Liabilities on the Consolidated Statements of Financial Position, which brings the total accrued balance related to this matter to $2.0 million at December 31, 2015. As negotiations with the EPA proceed with respect to the RI/FS, it is possible that adjustments to the aforementioned reserves will be necessary to reflect new information. Estimates of the Company’s liability are based on current facts, laws, regulations and technology. Estimates of the Company’s environmental liabilities are further subject to uncertainties regarding the negotiations with EPA, the nature and extent of site contamination, the range of remediation alternatives available, evolving remediation standards, imprecise engineering evaluation and cost estimates, the extent of remedial actions that may be required, the number and financial condition of other PRPs that may be named as well as the extent of their responsibility for the remediation, and the availability of insurance coverage for these expenses. At this time, we have not accrued for remediation costs in connection with this site as we are unable to estimate the liability, given the circumstances referred to above, including the fact the final remediation strategy has not yet been determined.

Other

Buckhorn and Schoeller Arca Systems, Inc. (“SAS”) were plaintiffs in a patent infringement lawsuit against Orbis Corp. and Orbis Material Handling, Inc. (“Orbis”) for alleged breach by Orbis of an exclusive patent license agreement from SAS to Buckhorn. SAS is an affiliate of Schoeller Arca Systems Services B.V. (“SASS B.V.”), a Dutch company. SAS manufactures and sells plastic returnable packaging systems for material handling. In the course of the litigation, it was discovered that SAS had given a patent license agreement to a predecessor of Orbis that pre-dated the one that SAS sold to Buckhorn. As a result, judgment was entered in favor of Orbis, and the court awarded attorney fees and costs to Orbis in the amount of $3.1 million, plus interest and costs.

In May 2014, Orbis made demand to SAS that SAS pay the judgment in full, and subsequently in July 2014, Orbis made the same demand to Buckhorn. Buckhorn believed it was not responsible for any of the judgment because it was not a party to the Orbis license. Despite this belief, the Company recorded expense of $3.0 million during the third quarter of 2014 for the entire amount of the unpaid judgement. The United States Court of Appeals for the Federal Circuit reversed the judgment against Buckhorn on July 2, 2015, and found that Buckhorn was not liable to Orbis for any portion of the judgment entered in favor of Orbis. Accordingly, Myers reversed the accrual of $3.0 million during 2015, which was reflected as a reduction of general and administrative expenses. The Federal Circuit Court of Appeals rejected Orbis' petition for rehearing and rehearing en banc. All opportunities for Orbis to appeal have expired. The United States District Court for the Southern District of Ohio has now released Buckhorn’s appellate bond. Buckhorn is also pursuing legal action against SAS and SASS B.V. for fraudulently selling an exclusive patent license they could not sell and related claims. That case is now pending in United States District Court for the Southern District of New York. In August 2014, SASS B.V. informed Buckhorn that SAS may not have the financial ability to pay any judgment against it and provided financial statements to Buckhorn indicating SAS was in financial distress while SASS B.V. was financially stable. Given the uncertainty of SAS’s financial status, it is not known at this time what the likelihood of recovering from SAS (or SASS B.V.) would be in the event that there is a favorable outcome for Buckhorn in the New York court. 

When management believes that a loss arising from these matters is probable and can reasonably be estimated, we record the amount of the estimated loss, or the minimum estimated liability when the loss is estimated using a range, and no point within the range is more probable of occurrence than another. As additional information becomes available, any potential liability related to these matters will be assessed and the estimates will be revised, if necessary.

Based on current available information, management believes that the ultimate outcome of these matters will not have a material adverse effect on our financial position, cash flows or overall trends in our results of operations. However, these matters are subject to inherent uncertainties, and unfavorable rulings could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse impact on the financial position and results of operations of the period in which the ruling occurs, or in future periods.

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Long-Term Debt and Loan Agreements

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Long-Term Debt and Loan Agreements

10.  Long-Term Debt and Loan Agreements

Long-term debt at December 31, 2015 and 2014 consisted of the following:

	2015		2014
Loan Agreement	$	93,512	$	137,109
4.67% Senior Unsecured Notes due 2021		40,000		40,000
5.25% Senior Unsecured Notes due 2024		11,000		11,000
5.30% Senior Unsecured Notes due 2024		29,000		29,000
5.45% Senior Unsecured Notes due 2026		20,000		20,000
		193,512		237,109
Less unamortized deferred financing costs		506		680
	$	193,006	$	236,429

On December 13, 2013, the Company entered into a Fourth Amended and Restated Loan Agreement (the “Loan Agreement”). The Loan Agreement provided for a $200 million senior revolving credit facility expiring on December 13, 2018, which replaced the then existing $180 million facility. In addition, on May 30, 2014, the Company entered into a First Amendment to the Loan Agreement (the "Loan Amendment"). The Loan Amendment increased the senior revolving credit facility from $200 million to $300 million through December 2018 and provided for an additional subsidiary of the Company as a borrower and as a guarantor of the credit facility. Amounts borrowed under the agreement are secured by pledges of stock of certain of our foreign and domestic subsidiaries.

Under the terms of the Loan Agreement, the Company may borrow up to $300.0 million, reduced for letters of credit issued. As of December 31, 2015, the Company had $202.2 million available under the Loan Agreement. The Company had $4.3 million of letters of credit issued related to insurance and other financing contracts in the ordinary course of business at December 31, 2015. Borrowings under the Loan Agreement bear interest at the LIBOR rate, prime rate, federal funds effective rate, the Canadian deposit offered rate, or the eurocurrency reference rate depending on the type of loan requested by the Company, in each case plus the applicable margin as set forth in the Loan Agreement. The average interest rate on borrowings under our loan agreements were 4.59% for 2015 and 4.00% for 2014, which includes a quarterly facility fee on the used and unused portion.

On October 22, 2013, the Company entered into a note purchase agreement for the private placement of Senior Unsecured Notes totaling $100 million with a group of investors. The four series of notes range in face value from $11 million to $40 million, with interest rates ranging from 4.67% to 5.45%, payable semiannually, and expiring between 2021 and 2026. At December 31, 2013, the Company had received $11 million of its 5.25% Senior Unsecured Notes due January 15, 2024 under the note purchase agreement. The remaining proceeds of $89 million under the note purchase agreement were subsequently received in January 2014. At December 31, 2015, $100 million was outstanding.

Long-term debt of $193.0 million at December 31, 2015 includes $0.5 million of unamortized deferred financing costs, which is accounted for as a debt valuation account. Amounts outstanding at December 31, 2015 under the Loan Agreement and note purchase agreement mature in 2018 and 2021 to 2026, respectively.

As of December 31, 2015, the Company was in compliance with all of its debt covenants associated with its Loan Agreement and Senior Unsecured Notes. The most restrictive financial covenants for all of the Company’s debt are an interest coverage ratio (defined as earnings before interest, taxes, depreciation and amortization, as adjusted, divided by interest expense) and a leverage ratio (defined as total debt divided by earnings before interest, taxes, depreciation and amortization, as adjusted). The ratios as of December 31, 2015 are shown in the following table:

	Required Level	Actual Level
Interest Coverage Ratio	3.00 to 1(minimum)		7.52
Leverage Ratio	3.25 to 1 (maximum)		2.55

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Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

11.  Income Taxes

The effective tax rate from continuing operations was 35.7% in 2015, 36.4% in 2014 and 33.5% in 2013. A reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Percent of Income before Income Taxes
	2015			2014			2013
Statutory Federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes - net of Federal tax benefit		0.2			(4.5	)		2.9
Foreign tax rate differential		(2.4	)		1.8			(0.2	)
Domestic production deduction		(4.0	)		(6.6	)		(3.1	)
Non-deductible expenses		4.9			7.0			1.3
Changes in unrecognized tax benefits		(1.8	)		(2.5	)		(0.2	)
Foreign tax incentives		(2.3	)		(3.0	)		(2.2	)
Valuation allowances		4.8			9.0			—
Other		1.3			0.2			—
Effective tax rate for the year		35.7	%		36.4	%		33.5	%

Income from continuing operations before income taxes was attributable to the following sources:

	2015		2014			2013
United States	$	19,546	$	21,074		$	38,089
Foreign		2,316		(6,991	)		1,696
Totals	$	21,862	$	14,083		$	39,785

Income tax expense (benefit) from continuing operations consisted of the following:

	2015					2014						2013
	Current		Deferred			Current			Deferred			Current		Deferred
Federal	$	6,677	$	(368	)	$	8,298		$	(1,208	)	$	13,273	$	(1,413	)
Foreign		504		783			(277	)		(710	)		629		(920	)
State and local		943		(730	)		(234	)		(747	)		2,170		(396	)
	$	8,124	$	(315	)	$	7,787		$	(2,665	)	$	16,072	$	(2,729	)

Significant components of the Company’s deferred taxes as of December 31, 2015 and 2014 are as follows:

	2015			2014
Deferred income tax liabilities
Property, plant and equipment	$	12,989		$	11,629
Tax-deductible goodwill		7,871			7,728
Non-deductible intangibles		282			1,843
State deferred taxes		212			687
Other		1,010			483
		22,364			22,370
Deferred income tax assets
Compensation		7,081			6,716
Inventory valuation		945			636
Allowance for uncollectible accounts		194			260
Non-deductible accruals		3,892			2,631
Other		—			15
Net operating loss carryforwards		4,715			5,050
		16,827			15,308
Valuation Allowance		(3,664	)		(4,326	)
		13,163			10,982
Net deferred income tax liability	$	9,201		$	11,388

ASC 740 Income Taxes requires that deferred tax assets be reduced by a valuation allowance, if based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. Available evidence includes the reversal of existing taxable temporary differences, future taxable income exclusive of temporary differences, taxable income in carryback years and tax planning strategies. At December 31, 2015, the Company has deferred tax assets of $4.7 million resulting from $14.2 million of foreign net operating tax loss carryforwards, as well as $3.7 million of related valuation allowances primarily related to Brazil. These net operating tax loss carryforwards will begin to expire in 2034.

The following table summarizes the activity related to the Company’s valuation allowance:

	2015			2014			2013
Balance at January 1	$	(4,326	)	$	(4,264	)	$	(5,128	)
(Charged) Credited to Expense		(763	)		414			25
Net write-offs		—			—			—
Foreign currency translation adjustment		1,425			(476	)		839
Balance at December 31	$	(3,664	)	$	(4,326	)	$	(4,264	)

No provision has been recorded for unremitted earnings of foreign subsidiaries as it is the Company’s intention to indefinitely reinvest the earnings of those subsidiaries. Accordingly, at December 31, 2015, the Company had not recorded a deferred tax liability related to investments in its foreign subsidiaries that are essentially permanent in duration. The amount of such temporary differences was estimated to be approximately $16.4 million and may become taxable in the U.S. upon a repatriation of assets or a sale or liquidation of the subsidiaries. It is not practical to estimate the related amount of unrecognized tax liability.

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	2015			2014			2013
Balance at January 1	$	483		$	840		$	910
Increases related to current year tax positions		—			—			—
Increases related to previous year tax positions		151			5			—
Reductions due to lapse of applicable statute of limitations		(483	)		(362	)		(48	)
Reduction due to settlements		—			—			(22	)
Balance at December 31	$	151		$	483		$	840

The total amount of gross unrecognized tax benefits that would reduce the Company’s effective tax rate was $0.2 million, $0.5 million and $0.8 million at December 31, 2015, 2014 and 2013, respectively. The amount of accrued interest expense included as a liability within the Company’s Consolidated Statements of Financial Position was less than $0.1 million for December 31, 2015 and 2014 and $0.1 million for December 31, 2013. The December 31, 2015 balance of unrecognized tax benefits includes approximately $0.2 million of unrecognized tax benefits for which it is reasonably possible that they will be recognized within the next twelve months. This amount represents a decrease in unrecognized benefits related to expiring statutes in U.S. Federal and state jurisdictions.

The Company and its subsidiaries file U.S. Federal, state and local, and non-U.S. income tax returns.  As of December 31, 2015 the Company is no longer subject to U.S. Federal examinations by tax authorities for tax years before 2012. The Company is subject to state and local examinations for tax years of 2011 through 2015. In addition, the Company is subject to non-U.S. income tax examinations for tax years of 2010 through 2015.

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Retirement Plans

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Retirement Plans

12.  Retirement Plans

The Company and certain of its subsidiaries have pension and profit sharing plans covering substantially all of their employees. The Company’s frozen defined benefit pension plan (“The Pension Agreement between Akro-Mils and United Steelworkers of America Local No. 1761-02”) provides benefits primarily based upon a fixed amount for each year of service as of the date the plan was frozen.

Net periodic pension cost for the years ended December 31, 2015, 2014 and 2013 was as follows:

	2015			2014			2013
Interest cost	$	272		$	280		$	259
Expected return on assets		(332	)		(371	)		(333	)
Amortization of net loss		88			45			111
Net periodic pension cost	$	28		$	(46	)	$	37

The reconciliation of changes in projected benefit obligations are as follows:

	2015			2014
Projected benefit obligation at beginning of year	$	7,167		$	6,150
Interest cost		272			280
Actuarial (gain) loss		(496	)		1,235
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Projected benefit obligation at end of year	$	6,465		$	7,167
Accumulated benefit obligation at end of year	$	6,465		$	7,167

The assumptions used to determine the net periodic benefit cost and benefit obligations are as follows:

	2015			2014			2013
Discount rate for net periodic pension cost		3.90	%		4.70	%		3.75	%
Discount rate for benefit obligations		4.30	%		3.90	%		4.70	%
Expected long-term return of plan assets		7.50	%		8.00	%		8.00	%

The expected long-term rate of return assumption is based on the actual historical rate of return on assets adjusted to reflect recent market conditions and future expectations consistent with the Company’s current asset allocation and investment policy. This policy provides for aggressive capital growth balanced with moderate income production. Though inherent risks of equity exposure exist, returns generally are less volatile than maximum growth programs. The assumed discount rates represent long-term high quality corporate bond rates commensurate with the liability duration of the plan.

The following table reflects the change in the fair value of the plan’s assets:

	2015			2014
Fair value of plan assets at beginning of year	$	5,713		$	5,577
Actual return on plan assets		60			316
Company contributions		148			318
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Fair value of plan assets at end of year	$	5,443		$	5,713

The fair value of plan assets are all categorized as level 1 and were determined based on period end closing, quoted prices in active markets.

The weighted average asset allocations at December 31, 2015 and 2014 are as follows:

	2015			2014
U.S. Equities securities		83	%		82	%
U.S. Debt securities		15	%		17	%
Cash		2	%		1	%
Total		100	%		100	%

The following table provides a reconciliation of the funded status of the plan at December 31, 2015 and 2014:

	2015			2014
Projected benefit obligation	$	6,465		$	7,167
Plan assets at fair value		5,443			5,713
Funded status	$	(1,022	)	$	(1,454	)

The funded status shown above is included in other long-term liabilities in the Company’s Consolidated Statements of Financial Position at December 31, 2015 and 2014. The Company doesn’t expect to make a contribution to the plan in 2016.

Benefit payments projected for the plan are as follows:

2016	$	378
2017		374
2018		366
2019		371
2020		376
2021-2025		1,898

The Myers Industries Profit Sharing and 401(k) Plan is maintained for the Company’s U.S. based employees, not covered under defined benefit plans, who have met eligibility service requirements. The Company recognized expense related to the 401(k) employer matching contribution in the amount of $2,363, $3,018 and $2,802 in 2015, 2014 and 2013, respectively.

In addition, the Company has a Supplemental Executive Retirement Plan (“SERP”) to provide certain participating senior executives with retirement benefits in addition to amounts payable under the 401(k) plan. Expense (income) related to the SERP was approximately $188, $402, and $(152) for the years ended December 2015, 2014 and 2013, respectively. The SERP liability was based on the discounted present value of expected future benefit payments using a discount rate of 4.30% at December 31, 2015 and 3.90% at December 31, 2014. The SERP liability was approximately $4,174 and $4,280 at December 31, 2015 and 2014, respectively, and is included in Accrued Employee Compensation and Other Long-Term Liabilities on the accompanying Consolidated Statements of Financial Position. The SERP is unfunded.

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Leases

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Leases

13.  Leases

The Company and certain of its subsidiaries are committed under non-cancelable operating leases involving certain facilities and equipment. Aggregate rental expense for all leased assets was $4,222, $4,708 and $4,199 for the years ended December 31, 2015, 2014 and 2013, respectively.

Future minimum rental commitments are as follows:

Year Ended December 31,	Commitment
2016	$	3,904
2017		2,111
2018		1,010
2019		457
2020		454
Thereafter		1,322
Total	$	9,258

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Industry Segments

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Industry Segments

14.  Industry Segments

Using the criteria of ASC 280, Segment Reporting, the Company manages its business under two operating segments, Material Handling and Distribution, consistent with the manner in which our Chief Operating Decision Maker evaluates performance and makes resource allocation decisions. None of the reportable segments include operating segments that have been aggregated.  These segments contain individual business components that have been combined on the basis of common management, customers, products, production processes and other economic characteristics. The Company accounts for intersegment sales and transfers at cost plus a specified mark-up.

The Material Handling Segment manufactures a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products and rotationally-molded plastic tanks for water, fuel and waste handling. This segment conducts its primary operations in the United States, but also operates in Brazil and Canada. Markets served encompass various niches of industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and others. Products are sold both directly to end-users and through distributors.

The Distribution Segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products. The product line includes categories such as tire valves and accessories, tire changing and balancing equipment, lifts and alignment equipment, service equipment and tools, and tire repair/retread supplies. The Distribution Segment operates domestically through sales offices, and four regional distribution centers in the United States and in foreign countries through export sales. In addition, the Distribution Segment operates directly in certain foreign markets, principally Central America, through foreign branch operations. Markets served include retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies.

Total sales from foreign business units and export to countries outside the U.S. were approximately $105.6 million, $110.4 million, and $95.1 million for the years ended December 31, 2015, 2014 and 2013, respectively. Sales made to customers in Brazil accounted for approximately 4.7% of total net sales in 2015, 7.3% in 2014 and 8.2% in 2013. Sales made to customers in Canada accounted for approximately 5.2% of total net sales in 2015, 4.2% in 2014 and 3.3% in 2013. There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, consisting of property, plant and equipment, were approximately $33.2 million at December 31, 2015 and $44.8 million at December 31, 2014.

	2015			2014			2013
Net Sales
Material Handling	$	414,030		$	432,054		$	380,605
Distribution		187,637			191,873			204,460
Intra-segment elimination		(129	)		(278	)		(332	)
	$	601,538		$	623,649		$	584,733
Income from Continuing Operations Before Income Taxes
Material Handling	$	49,762		$	31,903		$	47,428
Distribution		16,114			16,024			21,727
Corporate		(35,015	)		(25,309	)		(24,839	)
Interest expense - net		(8,999	)		(8,535	)		(4,531	)
	$	21,862		$	14,083		$	39,785
Identifiable Assets
Material Handling	$	335,506		$	370,501		$	240,897
Distribution		58,772			57,523			63,340
Corporate		35,638			19,034			4,652
Discontinued Operations		—			117,775			160,568
	$	429,916		$	564,833		$	469,457
Capital Additions, Net
Material Handling	$	21,422		$	22,197		$	18,787
Distribution		1,795			1,786			915
Corporate		510			187			1,007
	$	23,727		$	24,170		$	20,709
Depreciation and Amortization
Material Handling	$	32,667		$	29,013		$	21,728
Distribution		998			1,022			859
Corporate		1,314			1,137			941
	$	34,979		$	31,172		$	23,528

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Summarized Quarterly Results of Operations (Notes)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Results of Operations

15.  Summarized Quarterly Results of Operations (Unaudited)

Thousands of Dollars, Except Per Share Data

Quarter Ended 2015	March-31		June-30		September-30			December-31			Total
Net Sales	$	156,348	$	164,335	$	141,661		$	139,194		$	601,538
Gross Profit		45,757		50,581		41,686			40,254			178,278
Income (loss) from continuing operations(1)		2,622		10,925		631			(125	)		14,053
Income (loss) from discontinued operations, net(2)		2,617		494		(298	)		896			3,709
Net income(1)(2)		5,239		11,419		333			771			17,762
Income (loss) per common share from continuing    operations:
Basic*	$	0.08	$	0.35	$	0.02		$	—		$	0.46
Diluted*	$	0.08	$	0.35	$	0.02		$	—		$	0.45
Income (loss) per common share from discontinued    operations:
Basic*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Diluted*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Net income per share:
Basic*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.58
Diluted*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.57

Quarter Ended 2014	March-31			June-30			September-30			December-31			Total
Net Sales	$	150,485		$	152,784		$	162,109		$	158,271		$	623,649
Gross Profit		42,071			42,532			39,961			36,715			161,279
Income (loss) from continuing operations(3)		4,763			6,327			(3,618	)		1,489			8,961
Income (loss) from discontinued operations, net(4)		(4,083	)		(578	)		875			(13,856	)		(17,642	)
Net income (loss)(3)(4)		680			5,749			(2,743	)		(12,367	)		(8,681	)
Income (loss) per common share from continuing    operations:
Basic*	$	0.14		$	0.20		$	(0.11	)	$	0.05		$	0.28
Diluted*	$	0.14		$	0.19		$	(0.11	)	$	0.05		$	0.27
Income (loss) per common share from discontinued    operations:
Basic*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.55	)
Diluted*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.54	)
Net income (loss) per share:
Basic*	$	0.02		$	0.18		$	(0.09	)	$	(0.39	)	$	(0.27	)
Diluted*	$	0.02		$	0.17		$	(0.09	)	$	(0.39	)	$	(0.27	)

(1) During the quarter ended September 30, 2015, the Company recorded an out of period adjustment of $1.1 million ($0.7 million after tax) related to stock compensation expense. In addition, the Company reserved an additional $1.3 million in Other Liabilities related to the EPA claim related to the New Idria Mercury Mine during the quarter ended September 30, 2015.

(2) A gain on the sale of the Lawn and Garden business of $3.8 million was recognized during the first quarter of 2015 and an additional gain of $0.9 million was recognized in the fourth quarter of 2015. These gains are included in income from discontinued operations in the accompanying Consolidated Statements of Operations.

(3) During the quarter ended December 31, 2014, the Company recorded out of period, after-tax charges totaling approximately $3.2 million, of which approximately $1.8 million related to periods prior to 2014 primarily as a result of adjustments identified related to inventory and fixed assets at its Brazilian operations within the Material Handling Segment. The Company concluded such adjustments were not material to its consolidated financial statements for any previously reported interim period within 2014 or for any annual period impacted by such adjustments prior to 2014.

(4) During the quarter ended December 31, 2014, the Company recorded an $18.9 million impairment charge attributable to assets held-for-sale at year end.  Refer to Note 4 to the Consolidated Financial Statements.

* The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share due to the computation of weighted shares outstanding during the period.

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation

Basis of Presentation

The consolidated financial statements include the accounts of Myers Industries, Inc. and all wholly owned subsidiaries (collectively, the “Company”). All intercompany accounts and transactions have been eliminated in consolidation. All subsidiaries that are not wholly owned and are not included in the consolidated operating results of the Company are immaterial investments which have been accounted for under the equity or cost method. The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures at the date of the financial statements and the reported amount of revenues and expenses during the reported period. Actual results could differ from those estimates.

Certain items previously reported in specific financial statement captions have been reclassified to conform to the fiscal 2015 presentation.

Recent Accounting Pronouncements

Accounting Standards Adopted

In November 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-17, Balance Sheet Classification of Deferred Taxes, which amends the existing guidance to require that deferred income tax liabilities and assets be classified as noncurrent in a classified balance sheet and eliminates the prior guidance, which required an entity to separate deferred tax liabilities and assets into a current amount and a noncurrent amount in a classified balance sheet. The amendments in this ASU are effective for financial statements for annual periods and interim periods within those annual periods beginning after December 15, 2016, with early adoption permitted. In addition, the new guidance can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company adopted this ASU on a prospective basis effective as of December 31, 2015. As required by ASU 2015-17, all deferred tax assets and liabilities are classified as noncurrent in the accompanying Consolidated Statements of Financial Position as of December 31, 2015. As the Company elected prospective application of this ASU, prior periods were not adjusted.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 300): Simplifying the Measurement of Inventory, which applies to inventory measured using first-in, first out (“FIFO”) or average cost. This update prescribes that an entity should measure inventory that is within scope at the lower of cost and net realizable value, which is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. This update is effective for annual and interim periods beginning after December 15, 2016, and should be applied prospectively with early adoption permitted at the beginning of an interim or annual reporting period. The Company adopted this standard in the fourth quarter of 2015, and the impact of adoption was not material to the Company’s results of operations, cash flows or financial position.

Accounting Standards Not Yet Adopted

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under ASU 2016-02, an entity will be required to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. ASU 2016-02 offers specific accounting guidance for a lessee, a lessor and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The new standard is effective for the Company beginning January 1, 2019 and requires a modified retrospective approach. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements.

In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments in relation to business combinations. Under existing standards, the measurement-period adjustments are calculated as if they were known at the acquisition date, and are recognized by revising information in prior periods. Under the new standard, measurement-period adjustments continue to be calculated as if they were known at the acquisition date, but are recognized in the reporting period in which they are determined, with no revisions to prior periods relating to the business combination. In addition to the current disclosure requirement explaining the nature and amount of the measurement-period adjustments, additional disclosures will be required to explain the impact on current period income statement line items of adjustments that would have been recognized in prior periods if such period information had been revised. ASU 2015-16 is effective for annual reporting periods, including interim reporting periods within those periods, beginning after December 15, 2015, with early adoption permitted. ASU 2015-16 will be adopted on January 1, 2016. The adoption of this standard is not expected to have a material impact on the Company's financial statements.

In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest (Subtopic 835-03) - Simplifying the Presentation of Debt Issuance Costs which requires unamortized debt issuance costs to be presented as a reduction of the corresponding debt liability rather than a separate asset. ASU 2015-03 will be adopted on January 1, 2016. The adoption of this standard is not expected to have a material impact on the Company's financial statements.

In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance on determining when and how to disclose going concern uncertainties in the financial statements. Under ASU 2014-15, management will be required to perform interim and annual assessments of the Company’s ability to continue as a going concern within one year of the date the financial statements are issued. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The adoption of this standard is not expected to have an impact on the Company’s financial statement disclosures.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, to clarify the principles used to recognize revenue for all entities. Under ASU 2014-09, a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. Under the original issuance, the new standard would have been effective beginning January 1, 2017. In August 2015, the FASB issued ASU 2015-14 which delays the standard effective date by one year. In accordance with this delay, the new standard will be effective for the Company beginning January 1, 2018. Early adoption is permitted, but not before the original effective date of the standard. Companies can transition to the new standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact the adoption of this guidance will have on its consolidated financial statements as well as the method by which the Company will adopt the new standard.

Translation of Foreign Currencies

Translation of Foreign Currencies

All asset and liability accounts of consolidated foreign subsidiaries are translated at the current exchange rate as of the end of the accounting period and income statement items are translated monthly at an average currency exchange rate for the period. The resulting translation adjustment is recorded in other comprehensive income (loss) as a separate component of shareholders' equity.

Fair Value Measurement

Fair Value Measurement

The Company follows guidance included in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, for its financial assets and liabilities, as required. The guidance established a common definition for fair value to be applied under U.S. GAAP requiring the use of fair value, established a framework for measuring fair value, and expanded disclosure requirements about such fair value measurements. The guidance did not require any new fair value measurements, but rather applied to all other accounting pronouncements that require or permit fair value measurements. Under ASC 820, the hierarchy that prioritizes the inputs to valuation techniques used to measure fair value is divided into three levels:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Unadjusted quoted prices in active markets for similar assets or liabilities, unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active or inputs that are observable either directly or indirectly.

Level 3: Unobservable inputs for which there is little or no market data or which reflect the entity’s own assumptions.

The Company has financial instruments, including cash, accounts receivable, accounts payable and accrued expenses. The fair value of these financial instruments approximate carrying value due to the nature and relative short maturity of these assets and liabilities.

The fair value of debt under the Company’s Loan Agreement approximates carrying value due to the floating rates and relative short maturity (less than 90 days) of the revolving borrowings under this agreement. The fair value of the Company’s fixed rate senior unsecured notes was estimated using market observable inputs for the Company’s comparable peers with public debt, including quoted prices in active markets and interest rate measurements which are considered level 2 inputs. At December 31, 2015 and 2014, the aggregate fair value of the Company's $100.0 million fixed rate senior unsecured notes was estimated at $102.1 million and $106.8 million, respectively.

Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentration of credit risk primarily consist of trade accounts receivable. The concentration of accounts receivable credit risk is generally limited based on the Company’s diversified operations, with customers spread across many industries and countries. The Company’s largest single customer in 2015 accounts for approximately 4% of net sales with no other customer greater than 3%. Outside of the United States, only customers located in Brazil and Canada, which account for approximately 5% and 5% of net sales, respectively, are significant to the Company’s operations. In addition, management has established certain requirements that customers must meet before credit is extended. The financial condition of customers is continually monitored and collateral is usually not required. The Company evaluates the collectability of accounts receivable based on a combination of factors. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations, a specific allowance for doubtful accounts is recorded against amounts due to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. Additionally, the Company also reviews historical trends for collectability in determining an estimate for its allowance for doubtful accounts. If economic circumstances change substantially, estimates of the recoverability of amounts due the Company could be reduced by a material amount. Expense related to bad debts was approximately $0.3 million, $0.4 million and $0.5 million for the years 2015, 2014 and 2013, respectively. Deductions from the allowance for doubtful accounts, net of recoveries, were approximately $0.5 million, $0.9 million and $0.8 million for the years 2015, 2014 and 2013, respectively.

Factoring

Factoring

The Company's wholly-owned subsidiaries Plasticos Novel Do Nordeste S.A. and Plasticos Novel Do Parana S.A. (collectively, "Novel") entered into a factoring agreement to sell, without recourse, certain of their Brazilian real-based trade accounts receivables to unrelated third party financial institutions as part of its working capital management. The sale of these receivables accelerated the collection of cash and reduced credit exposure. Under the terms of the factoring agreements, the Company retains no rights or interest and has no obligations with respect to the sold receivables. As such, the factoring of trade receivables under these agreements are accounted for as a sale. The Company accounts for its trade receivable factoring program as required under ASC 860, Transfers and Servicing. During 2015, $5.8 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $5.4 million. During 2014, $9.1 million of trade accounts receivables had been sold under the terms of the factoring agreement for cash proceeds of $8.8 million. The receivables sold pursuant to the factoring agreements have been recorded as a reduction of trade accounts receivable and as cash provided by operating activities in the accompanying Consolidated Statements of Cash Flows. The Company pays an administrative fee based on the dollar value of the receivables sold. Administrative fees related to the program for 2015 and 2014 were approximately $0.4 million $0.3 million, respectively. These fees are included in general and administrative expenses in the accompanying Consolidated Statements of Operations.

Inventories

Inventories

Inventories are valued at the lower of cost or market for last-in, first-out (“LIFO”) inventory and lower of cost or net realizable value for first-in, first-out (“FIFO”) inventory. Approximately 40 percent of our inventories are valued using the LIFO method of determining cost. All other inventories are valued at the FIFO method of determining cost.

If the FIFO method of inventory cost valuation had been used exclusively by the Company, inventories would have been $5.1 million, $6.8 million and $8.1 million higher than reported at December 31, 2015, 2014 and 2013, respectively. The liquidation of LIFO inventories decreased cost of sales and increased income from continuing operations before income taxes by less than $0.1 million in 2015, $0.4 million in 2014 and less than $0.1 million in 2013.

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment are carried at cost less accumulated depreciation and amortization. The Company provides for depreciation and amortization on the basis of the straight-line method over the estimated useful lives of the assets as follows:

Buildings	20 to 40 years
Machinery and Equipment	3 to 10 years
Leasehold Improvements	5 to 10 years

At December 31, 2015 and 2014, the Company had approximately $4.1 million and $2.1 million, respectively, of capitalized software costs included in machinery and equipment on the accompanying Consolidated Statements of Financial Position. Amortization expense related to capitalized software costs was approximately $0.5 million, $0.3 million and $0.1 million in 2015, 2014 and 2013, respectively.

Long-Lived Assets

Long-Lived Assets

The Company reviews its long-lived assets and identifiable intangible assets with finite lives for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Determination of potential impairment related to assets to be held and used is based upon undiscounted future cash flows resulting from the use and ultimate disposition of the asset. For assets held for disposal, the amount of potential impairment may be based upon appraisal of the asset, estimated market value of similar assets or estimated cash flow from the disposition of the asset. Refer to Note 4 for discussion of the Lawn and Garden business 2014 impairment charge.

Revenue Recognition

Revenue Recognition

The Company recognizes revenues from the sale of products, net of estimated returns, at the point of passage of title and risk of loss, which is generally at time of shipment, and collectability of the fixed or determinable sales price is reasonably assured.

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) and are as follows:

	Foreign Currency			Defined Benefit  Pension Plans			Total
Balance at January 1, 2013	$	12,785		$	(2,142	)	$	10,643
Other comprehensive income (loss) before reclassifications		(9,292	)		1,005			(8,287	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($40)(1)		—			71			71
Net current-period other comprehensive income (loss)		(9,292	)		1,076			(8,216	)
Balance at December 31, 2013		3,493			(1,066	)		2,427
Other comprehensive income (loss) before reclassifications		(13,318	)		(826	)		(14,144	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($16)(1)		—			29			29
Net current-period other comprehensive income (loss)		(13,318	)		(797	)		(14,115	)
Balance at December 31, 2014		(9,825	)		(1,863	)		(11,688	)
Other comprehensive income (loss) before reclassifications		(17,131	)		144			(16,987	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($32)(1)		(10,491	)		56			(10,435	)
Net current-period other comprehensive income (loss)		(27,622	)		200			(27,422	)
Balance at December 31, 2015	$	(37,447	)	$	(1,663	)	$	(39,110	)

(1) The accumulated other comprehensive income (loss) components related to defined benefit pension plans are included in the computation of net periodic pension cost. (See Note 12-Retirement Plans for additional details.) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.

Shipping and Handling

Shipping and Handling

Shipping and handling expenses are primarily classified as selling expenses in the accompanying Consolidated Statements of Operations. The Company incurred shipping and handling costs of approximately $16.4 million, $19.4 million and $17.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Stock Based Compensation

Stock Based Compensation

The Company has stock plans that provide for the granting of stock-based compensation to employees and to non-employee directors. Shares issued for option exercises or restricted shares may be either from authorized but unissued shares or treasury shares. The Company records the costs of the plan under the provisions of ASC 718, Compensation — Stock Compensation. For transactions in which the Company obtains employee services in exchange for an award of equity instruments, the Company measures the cost of the services based on the grant date fair value of the award. The Company recognizes the cost over the period during which an employee is required to provide services in exchange for the award, referred to as the requisite service period (usually the vesting period).

Income Taxes

Income Taxes

Income taxes are accounted for under the liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be received or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

The Company evaluates its tax positions in accordance with ASC 740, Income Taxes. ASC 740 provides detailed guidance for the financial statement recognition, measurement and disclosure of uncertain tax positions recognized in an enterprise’s financial statements. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized under ASC 740. The Company recognizes potential accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents. Cash equivalents are stated at cost, which approximates market value. The Company maintains operating cash and reserves for replacement balances in financial institutions which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of these institutions and believes that the risk of loss is minimal.

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of estimated useful lives of the assets

The Company provides for depreciation and amortization on the basis of the straight-line method over the estimated useful lives of the assets as follows:

Buildings	20 to 40 years
Machinery and Equipment	3 to 10 years
Leasehold Improvements	5 to 10 years

The balances in the Company's accumulated other comprehensive income (loss)

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) and are as follows:

	Foreign Currency			Defined Benefit  Pension Plans			Total
Balance at January 1, 2013	$	12,785		$	(2,142	)	$	10,643
Other comprehensive income (loss) before reclassifications		(9,292	)		1,005			(8,287	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($40)(1)		—			71			71
Net current-period other comprehensive income (loss)		(9,292	)		1,076			(8,216	)
Balance at December 31, 2013		3,493			(1,066	)		2,427
Other comprehensive income (loss) before reclassifications		(13,318	)		(826	)		(14,144	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($16)(1)		—			29			29
Net current-period other comprehensive income (loss)		(13,318	)		(797	)		(14,115	)
Balance at December 31, 2014		(9,825	)		(1,863	)		(11,688	)
Other comprehensive income (loss) before reclassifications		(17,131	)		144			(16,987	)
Amounts reclassified from accumulated other comprehensive income, net    of tax of ($32)(1)		(10,491	)		56			(10,435	)
Net current-period other comprehensive income (loss)		(27,622	)		200			(27,422	)
Balance at December 31, 2015	$	(37,447	)	$	(1,663	)	$	(39,110	)

(1) The accumulated other comprehensive income (loss) components related to defined benefit pension plans are included in the computation of net periodic pension cost. (See Note 12-Retirement Plans for additional details.) Cumulative translation adjustment associated with the sale of the Lawn and Garden business was included in the carrying value of assets disposed of.

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Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The purchase consideration, related final allocations, and resulting excess over fair value of net assets acquired are as follows:

Assets acquired:
Current assets	$	34,572
Property, plant and equipment		44,613
Intangible assets		66,500
Assets acquired	$	145,685
Liabilities assumed:
Current liabilities	$	8,577
Total liabilities assumed		8,577
Goodwill		19,512
Total consideration	$	156,620

Schedule of Identifiable Intangible Assets Acquired

Identifiable intangible assets acquired in connection with the acquisition of Scepter are as follows:

			Estimated
	Fair Value		Useful Life	Valuation Method
Intangible assets not subject to amortization:
Trademarks and trade names	$	8,900	Indefinite	Relief from royalty
Intangible assets subject to amortization:
Technology		22,300	10 years	Relief from royalty
Customer relationships		35,300	6 years	Multi-periodexcessearnings
		57,600
Total	$	66,500

Schedule of Pro forma Information

The following unaudited pro forma information presents a summary of the consolidated results of operations for the Company as if the acquisition of Scepter had occurred on January 1, 2013.

	For the Year Ended
	December 31, 2014		December 31, 2013
Net sales	$	675,046	$	679,567
Income from continuing operations	$	16,206	$	30,271
Net income per share from continuing operations:
Basic	$	0.50	$	0.89
Diluted	$	0.50	$	0.89

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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

The change in goodwill

The change in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 is as follows:

	Distribution		Material Handling			Total
January 1, 2014	$	505	$	50,570		$	51,075
Acquisitions		—		19,812			19,812
Foreign currency translation		—		(4,248	)		(4,248	)
December 31, 2014		505		66,134			66,639
Measurement period adjustments		—		(300	)		(300	)
Foreign currency translation		—		(2,304	)		(2,304	)
December 31, 2015	$	505	$	63,530		$	64,035

Intangible assets

Intangible assets at December 31, 2015 and 2014 consisted of the following:

			2015							2014
	Weighted Average Remaining Useful Life (years)		Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Trade Names - Indefinite Lived			$	10,859	$	—		$	10,859	$	11,256	$	—		$	11,256
Trade Names		4.3		280		(142	)		138		280		(110	)		170
Customer Relationships		4.1		40,427		(16,165	)		24,262		41,332		(7,964	)		33,368
Technology		8.0		27,177		(5,166	)		22,011		27,642		(2,552	)		25,090
Patents		1.2		11,724		(10,464	)		1,260		10,888		(8,538	)		2,350
Non-Compete		0.0		—		—			—		150		(149	)		1
			$	90,467	$	(31,937	)	$	58,530	$	91,548	$	(19,313	)	$	72,235

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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]

Schedule of restructuring

The restructuring charges are presented in the following table.

	2015						2014						2013
Segment	Cost of sales		SG&A		Total		Cost of sales		SG&A		Total		Cost of sales		SG&A		Total
Distribution	$	—	$	124	$	124	$	—	$	764	$	764	$	—	$	194	$	194
Material Handling		1,340		912		2,252		189		260		449		178		47		225
Corporate		—		35		35		—		—		—		—		17		17
Total	$	1,340	$	1,071	$	2,411	$	189	$	1,024	$	1,213	$	178	$	258	$	436

Discontinued Operations [Member]

Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]

Schedule of restructuring

Restructuring charges related to discontinued operations for the year ended 2015, 2014 and 2013 are presented in the following table:

	Year Ended December 31,
	2015		2014		2013*
Severance and personnel	$	—	$	1,743	$	2,614
Other exit costs		—		3,762		6,189
Total	$	—	$	5,505	$	8,803

* Includes WEK restructuring charges of $0.2 million in 2013.

Lawn and Garden Business and WEK

Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Summarized selected financial information for the Lawn and Garden business and WEK for the years ended December 31, 2015, 2014 and 2013 are presented in the following table:

	Year Ended
	December 31,
	2015*			2014**			2013
Net sales	$	29,335		$	204,716		$	240,477
Loss from discontinued operations before income taxes	$	(1,214	)	$	(30,038	)	$	(394	)
Income tax (benefit) expense		(262	)		(9,408	)		46
Loss from discontinued operations		(952	)		(20,630	)		(440	)
Net gain on sale of discontinued operations, inclusive of tax benefit of ($2.8 million) for the year ended December 31, 2015 and tax provision of $1.6 million for the year ended December 31, 2014		4,661			2,988			—
Income (loss) from discontinued operations, net of income taxes	$	3,709		$	(17,642	)	$	(440	)

* Includes Lawn and Garden operating results through February 17, 2015.

** Includes WEK operating results through June 20, 2014.

The assets and liabilities of discontinued operations are stated separately as of December 31, 2014 in the Consolidated Statements of Financial Position and are comprised of the following items:

	December 31, 2014
Assets
Accounts receivable-net	$	29,794
Inventories		50,951
Prepaid expenses and other current assets		1,709
Goodwill		9,107
Patents and other intangible assets, net		6,030
Property, plant and equipment, net		38,168
Net asset impairment*		(18,858	)
Other		874
Total Assets Held for Sale	$	117,775
Liabilities
Accounts payable	$	22,239
Accrued expenses and other liabilities		4,883
Total Liabilities Held for Sale	$	27,122

* Impairment includes the cumulative translation credit adjustment associated with the Lawn and Garden business.

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Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Weighted average number of common shares outstanding during the period

Net income (loss) per common share, as shown on the accompanying Consolidated Statements of Operations, is determined on the basis of the weighted average number of common shares outstanding during the periods as follows:

	2015		2014		2013
Weighted average common shares outstanding basic		30,616,485		32,232,965		33,588,720
Dilutive effect of stock options and restricted stock		327,208		471,047		454,705
Weighted average common shares outstanding diluted		30,943,693		32,704,012		34,043,425

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Restructuring (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Schedule of restructuring

The restructuring charges are presented in the following table.

	2015						2014						2013
Segment	Cost of sales		SG&A		Total		Cost of sales		SG&A		Total		Cost of sales		SG&A		Total
Distribution	$	—	$	124	$	124	$	—	$	764	$	764	$	—	$	194	$	194
Material Handling		1,340		912		2,252		189		260		449		178		47		225
Corporate		—		35		35		—		—		—		—		17		17
Total	$	1,340	$	1,071	$	2,411	$	189	$	1,024	$	1,213	$	178	$	258	$	436

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Other Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2015

Payables And Accruals [Abstract]

Schedule of Other Accrued Expenses

As of December 31, 2015 and 2014, the balance in other accrued expenses is comprised of the following:

	2015		2014
Deposits and amounts due to customers	$	9,351	$	10,591
Dividends payable		4,190		4,267
Accrued litigation and professional fees		308		3,458
Other accrued expenses		9,379		7,856
	$	23,228	$	26,172

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Stock Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of stock option activity for the period

The following tables summarize stock option activity in the past three years:

Options granted in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		208,200	$	18.67
2014		209,500	$	20.93
2013		323,400	$	14.77

Options exercised in 2015, 2014 and 2013:

Year	Options		Exercise Price
2015		239,508	$9.97 to $17.02
2014		228,064	$9.97 to $17.02
2013		503,321	$8.00 to $18.62

Options outstanding and exercisable at December 31, 2015, 2014 and 2013 were as follows:

Year	Outstanding		Range of Exercise Prices	Exercisable		WeightedAverage Exercise Price
2015		1,409,881	$9.00 to $20.93		1,231,544	$	13.47
2014		1,512,756	$9.00 to $20.93		1,066,219	$	11.58
2013		1,574,572	$9.00 to $18.62		1,057,694	$	11.48

The following table provides a summary of stock option activity for the period ended December 31, 2015:

	Shares			Average Exercise Price		Weighted Average Life	Aggregate Intrinsic Value
Outstanding at December 31, 2014		1,512,756		$	13.24
Options Granted		208,200			18.67
Options Exercised		(239,508	)		11.57
Canceled or forfeited		(71,567	)		17.30
Outstanding at December 31, 2015		1,409,881			14.12	5.47	$	1,904
Exercisable at December 31, 2015		1,231,544		$	13.47	5.02	$	1,904

Fair Value of stock options granted assumptions used

The expected volatility is derived from historical volatility of the Company’s shares and those of similar companies measured against the market as a whole. In 2015, 2014 and 2013, the Company used the binomial lattice option pricing model based on assumptions set forth in the following table.

	2015			2014			2013
Risk free interest rate		2.10	%		2.80	%		1.86	%
Expected dividend yield		2.90	%		2.50	%		2.40	%
Expected life of award (years)		8.0			7.0			7.0
Expected volatility		50.00	%		50.00	%		50.00	%
Fair value per option share	$	6.03		$	7.05		$	5.39

Summary of combined restricted stock units and restricted stock activity for the period

The following table provides a summary of combined restricted stock units and restricted stock activity for the year ended December 31, 2015:

	Shares			Average Grant-Date Fair Value
Unvested shares at December 31, 2014		236,196
Granted		224,994		$	16.65
Vested		(209,002	)		16.55
Forfeited		(22,798	)		18.63
Unvested shares at December 31, 2015		229,390		$	16.68

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Long-Term Debt and Loan Agreements (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long Term Debt

Long-term debt at December 31, 2015 and 2014 consisted of the following:

	2015		2014
Loan Agreement	$	93,512	$	137,109
4.67% Senior Unsecured Notes due 2021		40,000		40,000
5.25% Senior Unsecured Notes due 2024		11,000		11,000
5.30% Senior Unsecured Notes due 2024		29,000		29,000
5.45% Senior Unsecured Notes due 2026		20,000		20,000
		193,512		237,109
Less unamortized deferred financing costs		506		680
	$	193,006	$	236,429

Schedule of Debt Ratios

The ratios as of December 31, 2015 are shown in the following table:

	Required Level	Actual Level
Interest Coverage Ratio	3.00 to 1(minimum)		7.52
Leverage Ratio	3.25 to 1 (maximum)		2.55

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Reconciliation of the Federal Statutory Income Tax Rate to the Company's Effective Tax Rate

A reconciliation of the Federal statutory income tax rate to the Company’s effective tax rate is as follows:

	Percent of Income before Income Taxes
	2015			2014			2013
Statutory Federal income tax rate		35.0	%		35.0	%		35.0	%
State income taxes - net of Federal tax benefit		0.2			(4.5	)		2.9
Foreign tax rate differential		(2.4	)		1.8			(0.2	)
Domestic production deduction		(4.0	)		(6.6	)		(3.1	)
Non-deductible expenses		4.9			7.0			1.3
Changes in unrecognized tax benefits		(1.8	)		(2.5	)		(0.2	)
Foreign tax incentives		(2.3	)		(3.0	)		(2.2	)
Valuation allowances		4.8			9.0			—
Other		1.3			0.2			—
Effective tax rate for the year		35.7	%		36.4	%		33.5	%

Income (Loss) from Continuing Operations Before Income Taxes

Income from continuing operations before income taxes was attributable to the following sources:

	2015		2014			2013
United States	$	19,546	$	21,074		$	38,089
Foreign		2,316		(6,991	)		1,696
Totals	$	21,862	$	14,083		$	39,785

Income Tax Expense (Benefit) from Continuing Operations

Income tax expense (benefit) from continuing operations consisted of the following:

	2015					2014						2013
	Current		Deferred			Current			Deferred			Current		Deferred
Federal	$	6,677	$	(368	)	$	8,298		$	(1,208	)	$	13,273	$	(1,413	)
Foreign		504		783			(277	)		(710	)		629		(920	)
State and local		943		(730	)		(234	)		(747	)		2,170		(396	)
	$	8,124	$	(315	)	$	7,787		$	(2,665	)	$	16,072	$	(2,729	)

Significant Components of the Company's Deferred Taxes

Significant components of the Company’s deferred taxes as of December 31, 2015 and 2014 are as follows:

	2015			2014
Deferred income tax liabilities
Property, plant and equipment	$	12,989		$	11,629
Tax-deductible goodwill		7,871			7,728
Non-deductible intangibles		282			1,843
State deferred taxes		212			687
Other		1,010			483
		22,364			22,370
Deferred income tax assets
Compensation		7,081			6,716
Inventory valuation		945			636
Allowance for uncollectible accounts		194			260
Non-deductible accruals		3,892			2,631
Other		—			15
Net operating loss carryforwards		4,715			5,050
		16,827			15,308
Valuation Allowance		(3,664	)		(4,326	)
		13,163			10,982
Net deferred income tax liability	$	9,201		$	11,388

Activity Related to the Company's Valuation Allowance

The following table summarizes the activity related to the Company’s valuation allowance:

	2015			2014			2013
Balance at January 1	$	(4,326	)	$	(4,264	)	$	(5,128	)
(Charged) Credited to Expense		(763	)		414			25
Net write-offs		—			—			—
Foreign currency translation adjustment		1,425			(476	)		839
Balance at December 31	$	(3,664	)	$	(4,326	)	$	(4,264	)

Activity Related to the Company's Unrecognized Tax Benefits

The following table summarizes the activity related to the Company’s unrecognized tax benefits:

	2015			2014			2013
Balance at January 1	$	483		$	840		$	910
Increases related to current year tax positions		—			—			—
Increases related to previous year tax positions		151			5			—
Reductions due to lapse of applicable statute of limitations		(483	)		(362	)		(48	)
Reduction due to settlements		—			—			(22	)
Balance at December 31	$	151		$	483		$	840

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Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Net periodic pension cost

Net periodic pension cost for the years ended December 31, 2015, 2014 and 2013 was as follows:

	2015			2014			2013
Interest cost	$	272		$	280		$	259
Expected return on assets		(332	)		(371	)		(333	)
Amortization of net loss		88			45			111
Net periodic pension cost	$	28		$	(46	)	$	37

Reconciliation of changes in projected benefit obligations

The reconciliation of changes in projected benefit obligations are as follows:

	2015			2014
Projected benefit obligation at beginning of year	$	7,167		$	6,150
Interest cost		272			280
Actuarial (gain) loss		(496	)		1,235
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Projected benefit obligation at end of year	$	6,465		$	7,167
Accumulated benefit obligation at end of year	$	6,465		$	7,167

Assumptions used to determine the net periodic benefit cost and benefit obligations

The assumptions used to determine the net periodic benefit cost and benefit obligations are as follows:

	2015			2014			2013
Discount rate for net periodic pension cost		3.90	%		4.70	%		3.75	%
Discount rate for benefit obligations		4.30	%		3.90	%		4.70	%
Expected long-term return of plan assets		7.50	%		8.00	%		8.00	%

Change in the fair value of the plan’s assets

The following table reflects the change in the fair value of the plan’s assets:

	2015			2014
Fair value of plan assets at beginning of year	$	5,713		$	5,577
Actual return on plan assets		60			316
Company contributions		148			318
Expenses paid		(89	)		(95	)
Benefits paid		(389	)		(403	)
Fair value of plan assets at end of year	$	5,443		$	5,713

Weighted average asset allocations

The weighted average asset allocations at December 31, 2015 and 2014 are as follows:

	2015			2014
U.S. Equities securities		83	%		82	%
U.S. Debt securities		15	%		17	%
Cash		2	%		1	%
Total		100	%		100	%

Reconciliation of the funded status of the plan

The following table provides a reconciliation of the funded status of the plan at December 31, 2015 and 2014:

	2015			2014
Projected benefit obligation	$	6,465		$	7,167
Plan assets at fair value		5,443			5,713
Funded status	$	(1,022	)	$	(1,454	)

Benefit payments projected for the plan

Benefit payments projected for the plan are as follows:

2016	$	378
2017		374
2018		366
2019		371
2020		376
2021-2025		1,898

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Leases (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Future minimum rental commitments

Future minimum rental commitments are as follows:

Year Ended December 31,	Commitment
2016	$	3,904
2017		2,111
2018		1,010
2019		457
2020		454
Thereafter		1,322
Total	$	9,258

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Industry Segments (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of Reporting Information by Segment

Total sales from foreign business units and export to countries outside the U.S. were approximately $105.6 million, $110.4 million, and $95.1 million for the years ended December 31, 2015, 2014 and 2013, respectively. Sales made to customers in Brazil accounted for approximately 4.7% of total net sales in 2015, 7.3% in 2014 and 8.2% in 2013. Sales made to customers in Canada accounted for approximately 5.2% of total net sales in 2015, 4.2% in 2014 and 3.3% in 2013. There are no other individual foreign countries for which sales are material. Long-lived assets in foreign countries, consisting of property, plant and equipment, were approximately $33.2 million at December 31, 2015 and $44.8 million at December 31, 2014.

	2015			2014			2013
Net Sales
Material Handling	$	414,030		$	432,054		$	380,605
Distribution		187,637			191,873			204,460
Intra-segment elimination		(129	)		(278	)		(332	)
	$	601,538		$	623,649		$	584,733
Income from Continuing Operations Before Income Taxes
Material Handling	$	49,762		$	31,903		$	47,428
Distribution		16,114			16,024			21,727
Corporate		(35,015	)		(25,309	)		(24,839	)
Interest expense - net		(8,999	)		(8,535	)		(4,531	)
	$	21,862		$	14,083		$	39,785
Identifiable Assets
Material Handling	$	335,506		$	370,501		$	240,897
Distribution		58,772			57,523			63,340
Corporate		35,638			19,034			4,652
Discontinued Operations		—			117,775			160,568
	$	429,916		$	564,833		$	469,457
Capital Additions, Net
Material Handling	$	21,422		$	22,197		$	18,787
Distribution		1,795			1,786			915
Corporate		510			187			1,007
	$	23,727		$	24,170		$	20,709
Depreciation and Amortization
Material Handling	$	32,667		$	29,013		$	21,728
Distribution		998			1,022			859
Corporate		1,314			1,137			941
	$	34,979		$	31,172		$	23,528

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Summarized Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

Quarter Ended 2015	March-31		June-30		September-30			December-31			Total
Net Sales	$	156,348	$	164,335	$	141,661		$	139,194		$	601,538
Gross Profit		45,757		50,581		41,686			40,254			178,278
Income (loss) from continuing operations(1)		2,622		10,925		631			(125	)		14,053
Income (loss) from discontinued operations, net(2)		2,617		494		(298	)		896			3,709
Net income(1)(2)		5,239		11,419		333			771			17,762
Income (loss) per common share from continuing    operations:
Basic*	$	0.08	$	0.35	$	0.02		$	—		$	0.46
Diluted*	$	0.08	$	0.35	$	0.02		$	—		$	0.45
Income (loss) per common share from discontinued    operations:
Basic*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Diluted*	$	0.08	$	0.02	$	(0.01	)	$	0.03		$	0.12
Net income per share:
Basic*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.58
Diluted*	$	0.16	$	0.37	$	0.01		$	0.03		$	0.57

Quarter Ended 2014	March-31			June-30			September-30			December-31			Total
Net Sales	$	150,485		$	152,784		$	162,109		$	158,271		$	623,649
Gross Profit		42,071			42,532			39,961			36,715			161,279
Income (loss) from continuing operations(3)		4,763			6,327			(3,618	)		1,489			8,961
Income (loss) from discontinued operations, net(4)		(4,083	)		(578	)		875			(13,856	)		(17,642	)
Net income (loss)(3)(4)		680			5,749			(2,743	)		(12,367	)		(8,681	)
Income (loss) per common share from continuing    operations:
Basic*	$	0.14		$	0.20		$	(0.11	)	$	0.05		$	0.28
Diluted*	$	0.14		$	0.19		$	(0.11	)	$	0.05		$	0.27
Income (loss) per common share from discontinued    operations:
Basic*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.55	)
Diluted*	$	(0.12	)	$	(0.02	)	$	0.02		$	(0.44	)	$	(0.54	)
Net income (loss) per share:
Basic*	$	0.02		$	0.18		$	(0.09	)	$	(0.39	)	$	(0.27	)
Diluted*	$	0.02		$	0.17		$	(0.09	)	$	(0.39	)	$	(0.27	)

(1) During the quarter ended September 30, 2015, the Company recorded an out of period adjustment of $1.1 million ($0.7 million after tax) related to stock compensation expense. In addition, the Company reserved an additional $1.3 million in Other Liabilities related to the EPA claim related to the New Idria Mercury Mine during the quarter ended September 30, 2015.

(2) A gain on the sale of the Lawn and Garden business of $3.8 million was recognized during the first quarter of 2015 and an additional gain of $0.9 million was recognized in the fourth quarter of 2015. These gains are included in income from discontinued operations in the accompanying Consolidated Statements of Operations.

(3) During the quarter ended December 31, 2014, the Company recorded out of period, after-tax charges totaling approximately $3.2 million, of which approximately $1.8 million related to periods prior to 2014 primarily as a result of adjustments identified related to inventory and fixed assets at its Brazilian operations within the Material Handling Segment. The Company concluded such adjustments were not material to its consolidated financial statements for any previously reported interim period within 2014 or for any annual period impacted by such adjustments prior to 2014.

(4) During the quarter ended December 31, 2014, the Company recorded an $18.9 million impairment charge attributable to assets held-for-sale at year end.  Refer to Note 4 to the Consolidated Financial Statements.

* The sum of the earnings per share for the four quarters in a year does not necessarily equal the total year earnings per share due to the computation of weighted shares outstanding during the period.

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Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentration of Credit Risk
Expense for bad debts	$ 0.3	$ 0.4	$ 0.5
Allowance for doubtful accounts receivable	0.5	0.9	0.8
Receivables
Trade receivable sold under factoring agreement	5.8	9.1
Cash proceeds from sale of receivables	5.4	8.8
Administrative fees	$ 0.4	0.3
Inventories
Percentage of LIFO Inventory	40.00%
Cost valuation of inventory if FIFO had been used exclusively	$ 5.1	6.8	8.1
Liquidation of LIFO inventories decreased cost of sales and increased income before taxes	0.1	0.4	0.1
Property, Plant and Equipment
Capitalized Computer Software, Gross	4.1	2.1
Capitalized Computer Software, Amortization	0.5	0.3	0.1
Shipping and handling
Shipping and handling expenses	16.4	19.4	17.1
Cash and Cash Equivalents
Accrued capital expenditures excluded from investing activities	$ 6.6	$ 0.2	$ 0.5
Customer 1 [Member] | Sales [Member] | Customer Concentration Risk [Member]
Concentration of Credit Risk
Concentration risk percentage	4.00%
Maximum [Member] | Customer 2 [Member] | Sales [Member] | Customer Concentration Risk [Member]
Concentration of Credit Risk
Concentration risk percentage	3.00%
Brazil [Member] | Sales [Member] | Customer Concentration Risk [Member]
Concentration of Credit Risk
Concentration risk percentage	4.70%	7.30%	8.20%
Canada [Member] | Sales [Member] | Customer Concentration Risk [Member]
Concentration of Credit Risk
Concentration risk percentage	5.20%	4.20%	3.30%
Carrying (Reported) Amount, Fair Value Disclosure | Less unamortized deferred financing fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, carrying amount	$ 100.0	$ 100.0
Estimate of Fair Value, Fair Value Disclosure | Less unamortized deferred financing fees
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, fair value disclosure	$ 102.1	$ 106.8

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Summary of Significant Accounting Policies - Schedule of estimated useful lives of the assets (Details)	12 Months Ended
	Dec. 31, 2015
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	20 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	10 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment useful lives	10 years

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Summary of Significant Accounting Policies - The Balances in the Company's Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (11,688)
Total other comprehensive income (loss), net of tax	(27,422)	$ (14,115)	$ (8,216)
Ending balance	(39,110)	(11,688)
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,863)	(1,066)	(2,142)
Other comprehensive income (loss) before reclassifications	144	(826)	1,005
Amounts reclassified from accumulated other comprehensive income, net of tax	56	29	71
Total other comprehensive income (loss), net of tax	200	(797)	1,076
Ending balance	(1,663)	(1,863)	(1,066)
Foreign Currency [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(9,825)	3,493	12,785
Other comprehensive income (loss) before reclassifications	(17,131)	(13,318)	(9,292)
Amounts reclassified from accumulated other comprehensive income, net of tax	(10,491)	0	0
Total other comprehensive income (loss), net of tax	(27,622)	(13,318)	(9,292)
Ending balance	(37,447)	(9,825)	3,493
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(11,688)	2,427	10,643
Other comprehensive income (loss) before reclassifications	(16,987)	(14,144)	(8,287)
Amounts reclassified from accumulated other comprehensive income, net of tax	(10,435)	29	71
Total other comprehensive income (loss), net of tax	(27,422)	(14,115)	(8,216)
Ending balance	$ (39,110)	$ (11,688)	$ 2,427

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Summary of Significant Accounting Policies - The Balances in the Company's Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification from AOCI, Current Period, Tax [Abstract]
Amounts reclassified from accumulated other comprehensive income, tax	$ 32	$ 16	$ 40

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Acquisitions - Additional Information (Details) - Scepter acquisition - USD ($) $ in Millions		12 Months Ended
	Jul. 02, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Purchase price	$ 156.6
Final working capital adjustment	1.2
Company borrowed under loan agreement to fund Scepter acquisition	134.1
Payments to acquire Sceptor	22.5
Proforma, net sales		$ 39.4
Proforma, operating loss		5.4
Fair value adjustment of inventory		2.3
Transactional costs		$ 3.6
Goodwill expected to be recognized	$ 10.3

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Acquisitions - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Jul. 02, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill	$ 64,035	$ 66,639		$ 51,075
Scepter acquisition
Business Acquisition [Line Items]
Current assets			$ 34,572
Property, plant and equipment			44,613
Intangible assets			66,500
Assets acquired			145,685
Current liabilities			8,577
Total liabilities assumed			8,577
Goodwill			19,512
Total consideration			$ 156,620

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Acquisitions - Schedule of Identifiable Intangible Assets Acquired (Details) - Scepter acquisition $ in Thousands	Jul. 02, 2014 USD ($)
Business Acquisition [Line Items]
Intangible assets acquired, subject to amortization	$ 57,600
Intangibles acquired	66,500
Trademarks and trade names
Business Acquisition [Line Items]
Intangible assets acquired not subject to amortization	8,900
Technology
Business Acquisition [Line Items]
Intangible assets acquired, subject to amortization	$ 22,300
Estimated useful life	10 years
Customer relationships
Business Acquisition [Line Items]
Intangible assets acquired, subject to amortization	$ 35,300
Estimated useful life	6 years

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Acquisitions - Schedule of Pro forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Business Combinations [Abstract]
Net sales	$ 675,046	$ 679,567
Income from continuing operations	$ 16,206	$ 30,271
Income per share from continuing operations, basic	$ 0.50	$ 0.89
Income per share from continuing operations, diluted	$ 0.50	$ 0.89

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Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite And Indefinite Lived Intangible Assets [Line Items]
Impairment of goodwill and indefinite-lived intangible assets	$ 0	$ 0	$ 0
Amortization of Intangible Assets	9,802,000	6,466,000	$ 2,769,000
Estimated amortization expense, 2016	9,492,000
Estimated amortization expense, 2017	8,584,000
Estimated amortization expense, 2018	8,200,000
Estimated amortization expense, 2019	7,705,000
Estimated amortization expense, 2020	4,972,000
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Carrying value of indefinite-lived intangible assets	$ 10,859,000	$ 11,256,000
Minimum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Percentage of fair value in excess of carrying amount	10.00%
Weighted average cost of capital	11.00%
Maximum [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Percentage of fair value in excess of carrying amount	20.00%
Weighted average cost of capital	14.50%

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Goodwill and Intangible Assets - The Change in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
Beginning balance	$ 66,639	$ 51,075
Acquisitions		19,812
Foreign currency translation	(2,304)	(4,248)
Measurement period adjustments	(300)
Ending balance	64,035	66,639
Distribution
Goodwill [Roll Forward]
Beginning balance	505	505
Acquisitions		0
Foreign currency translation	0	0
Measurement period adjustments	0
Ending balance	505	505
Material Handling
Goodwill [Roll Forward]
Beginning balance	66,134	50,570
Acquisitions		19,812
Foreign currency translation	(2,304)	(4,248)
Measurement period adjustments	(300)
Ending balance	$ 63,530	$ 66,134

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Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite And Indefinite Lived Intangible Assets [Line Items]
Gross	$ 90,467	$ 91,548
Accumulated amortization	(31,937)	(19,313)
Net	58,530	72,235
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Indefinite-lived intangibles	$ 10,859	11,256
Trade Names [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (years)	4 years 3 months 18 days
Gross	$ 280	280
Accumulated amortization	(142)	(110)
Net	$ 138	170
Customer Relationships [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (years)	4 years 1 month 6 days
Gross	$ 40,427	41,332
Accumulated amortization	(16,165)	(7,964)
Net	$ 24,262	33,368
Technology [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (years)	8 years
Gross	$ 27,177	27,642
Accumulated amortization	(5,166)	(2,552)
Net	$ 22,011	25,090
Patents [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (years)	1 year 2 months 12 days
Gross	$ 11,724	10,888
Accumulated amortization	(10,464)	(8,538)
Net	$ 1,260	2,350
Noncompete Agreements [Member]
Finite And Indefinite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (years)	0 years
Gross	$ 0	150
Accumulated amortization	0	(149)
Net	$ 0	$ 1

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Discontinued Operations - Additional Information (Details) $ in Thousands			3 Months Ended			12 Months Ended
	Feb. 17, 2015 USD ($)	Jun. 20, 2014 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jul. 31, 2013 facility
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Asset impairment charge					$ 18,900
Number of manufacturing plants | facility									2
Restructuring Charges						$ 2,411	$ 1,213	$ 436
WEK
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses		$ 20,700
Adjustment to working capital		800
Proceeds from divestiture of businesses, held in escrow		$ 1,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net gain on sale of discontinued operations, net of tax of $1.6 million							3,000
Tax (expense) benefit from provision for (gain) Loss on disposal							1,600
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Restructuring Charges								$ 200
Lawn and Garden Business
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Proceeds from divestiture of businesses	$ 90,000
Adjustment to working capital	$ 4,000
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Interest rate	6.00%
Notes Receivable, Fair Value Disclosure	$ 17,800
Amount of consideration received	110,000
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Gain sale of business			$ 900	$ 3,800		4,700
Promissory note receivable	$ 20,000
Maturity date of promissory note receivable	2020-08
Escrow deposit	$ 8,600
Escrow deposit due to be settled date	2016-08
Additional gain on sale of business						$ 600
Asset impairment charge							18,900
Lawn and Garden Business | Severance and Personnel
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Restructuring Charges							$ 14,000

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Discontinued Operations (Income Statement) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Income (loss) from discontinued operations, net of income taxes	$ 896	$ (298)	$ 494	$ 2,617	$ (13,856)	$ 875	$ (578)	$ (4,083)	$ 3,709	$ (17,642)	$ (440)
Lawn and Garden Business and WEK
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Net sales									29,335	204,716	240,477
Loss from discontinued operations before income taxes									(1,214)	(30,038)	(394)
Income tax (benefit) expense									(262)	(9,408)	46
Loss from discontinued operations									(952)	(20,630)	(440)
Net gain on sale of discontinued operations, inclusive of tax benefit of ($2.8 million) for the year ended December 31, 2015 and tax provision of $1.6 million for the year ended December 31, 2014									4,661	2,988	0
Income (loss) from discontinued operations, net of income taxes									$ 3,709	$ (17,642)	$ (440)

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Discontinued Operations (Income Statement) (Parenthetical) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Lawn and Garden Business and WEK
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Tax expense (benefit) from provision for gain (Loss) on disposal	$ 2.8	$ 1.6

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Discontinued Operations (Balance Sheet) (Details) - Lawn and Garden Business and WEK $ in Thousands	Dec. 31, 2014 USD ($)
Assets of Disposal Group, Including Discontinued Operation [Abstract]
Accounts receivable-net	$ 29,794
Inventories	50,951
Prepaid expenses and other current assets	1,709
Goodwill	9,107
Patents and other intangible assets, net	6,030
Property, plant and equipment, net	38,168
Net asset impairment	(18,858)
Other	874
Total Assets Held for Sale	117,775
Liabilities of Disposal Group, Including Discontinued Operation [Abstract]
Accounts payable	22,239
Accrued expenses and other liabilities	4,883
Total Liabilities Held for Sale	$ 27,122

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Discontinued Operations (Restructuring) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ 2,411	$ 1,213	$ 436
Lawn and Garden Business
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	0	5,505	8,803
Lawn and Garden Business | Severance & Personnel
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	0	1,743	2,614
Lawn and Garden Business | Other Exit Costs
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ 0	$ 3,762	6,189
WEK
Restructuring Cost And Reserve [Line Items]
Restructuring Charges			$ 200

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Net Income (Loss) Per Common Share (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Line Items]
Weighted average common shares outstanding basic	30,616,485	32,232,965	33,588,720
Dilutive effect of stock options and restricted stock (in shares)	327,208	471,047	454,705
Weighted average common shares outstanding diluted (in shares)	30,943,693	32,704,012	34,043,425
Stock Option
Earnings Per Share [Line Items]
Options to purchase common stock outstanding (in shares)	463,200	198,500	123,900

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Restructuring (Restructuring Charges by Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ 2,411	$ 1,213	$ 436
Cost of Sales
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	1,340	189	178
SG&A
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	1,071	1,024	258
Distribution
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	124	764	194
Distribution | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	0	0	0
Distribution | SG&A
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	124	764	194
Material Handling
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	2,252	449	225
Material Handling | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	1,340	189	178
Material Handling | SG&A
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	912	260	47
Corporate
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	35	0	17
Corporate | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	0	0	0
Corporate | SG&A
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ 35	$ 0	$ 17

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Restructuring - Additional Information (Details)	12 Months Ended
	Dec. 31, 2015 USD ($) facility	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Jul. 31, 2013 facility
Restructuring Cost And Reserve [Line Items]
Number of manufacturing plants | facility				2
Restructuring Charges	$ 2,411,000	$ 1,213,000	$ 436,000
Restructuring reserve	$ 0	0
Material Handling
Restructuring Cost And Reserve [Line Items]
Number of manufacturing plants | facility	2
Restructuring Charges	$ 2,252,000	449,000	225,000
Distribution
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	124,000	764,000	194,000
Severance and Moving Expenses for Equipment and Inventory | Material Handling
Restructuring Cost And Reserve [Line Items]
Restructuring Charges	$ 2,300,000
Severance and Non-Cancelable Lease Costs | Distribution
Restructuring Cost And Reserve [Line Items]
Restructuring Charges		800,000	200,000
Finance and Sales Reorganization | Material Handling
Restructuring Cost And Reserve [Line Items]
Restructuring Charges		$ 400,000
Severance | Material Handling
Restructuring Cost And Reserve [Line Items]
Restructuring Charges			$ 200,000

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Other Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Payables And Accruals [Abstract]
Deposits and amounts due to customers	$ 9,351	$ 10,591
Dividends payable	4,190	4,267
Accrued litigation and professional fees	308	3,458
Other accrued expenses	9,379	7,856
Other accrued expenses, Total	$ 23,228	$ 26,172

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Stock Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options expired or forfeited		71,567	43,252	164,528
Stock compensation expense	$ 1,100	$ 4,934	$ 3,115	$ 2,557
Total unrecognized compensation cost related to non-vested share based compensation arrangements		$ 3,918
Unrecognized compensation cost period for recognition		3 years
The total intrinsic value of all stock options exercised		$ 1,151	$ 1,744	$ 2,588
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of expiration, term		10 years
Restricted Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years		2 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years		3 years
2008 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized for grant under plan (in shares)		4,000,000

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Stock Compensation - Summary of Stock Option Activity for the Period (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options Granted (in shares)	208,200	209,500	323,400
Issuances under option plans, shares	239,508	228,064	503,321
Outstanding at December 31, 2014	1,512,756	1,574,572
Options Exercised, Shares (in shares)	(239,508)	(228,064)	(503,321)
Cancelled or forfeited (in shares)	(71,567)	(43,252)	(164,528)
Outstanding at December 31, 2015	1,409,881	1,512,756	1,574,572
Exercisable at December 31, 2015	1,231,544	1,066,219	1,057,694
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Granted, Average Exercise Price (in dollars per share)	$ 18.67	$ 20.93	$ 14.77
Options Exercised, Average Exercise Price (in dollars per share)	11.57
Outstanding, Average Price (in dollars per share)	13.24
Cancelled or forfeited, average exercise price (in dollars per share)	17.30
Outstanding, Average Price (in dollars per share)	14.12	13.24
Exercisable, Average Exercise Price (in dollars per share)	$ 13.47	11.58	11.48
Outstanding, Weighted Average Life	5 years 5 months 19 days
Exercisable, Weighted Average Life	5 years 7 days
Aggregate Intrinsic Value December 31, 2015	$ 1,904
Aggregate Intrinsic Value, exercisable	$ 1,904
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Exercised, Average Exercise Price (in dollars per share)	$ 9.97	9.97	8.00
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Exercised, Average Exercise Price (in dollars per share)	$ 17.02	$ 17.02	$ 18.62

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Stock Compensation - Options outstanding and exercisable (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Outstanding (in shares)	1,409,881	1,512,756	1,574,572
Exercise price range, minimum (in dollars per share)	$ 9.00	$ 9.00	$ 9.00
Exercise price range, maximum (in dollars per share)	$ 20.93	$ 20.93	$ 18.62
Exercisable (in shares)	1,231,544	1,066,219	1,057,694
Weighted average exercise price (in dollars per share)	$ 13.47	$ 11.58	$ 11.48

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Stock Compensation - Fair Value of Stock Options Granted Assumptions Used (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk free interest rate	2.10%	2.80%	1.86%
Expected dividend yield	2.90%	2.50%	2.40%
Expected life of award (in years)	8 years	7 years	7 years
Expected volatility	50.00%	50.00%	50.00%
Fair value per option share (in dollars per share)	$ 6.03	$ 7.05	$ 5.39

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Stock Compensation - Summary of Combined Restricted Stock Units and Restricted Stock Activity (Details) - Restricted Stock Units and Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested (in shares)	236,196
Granted (in shares)	224,994
Vested (in shares)	(209,002)
Forfeited (in shares)	(22,798)
Unvested (in shares)	229,390
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Granted, Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 16.65
Vested, Average Grant Date Fair Value (in dollars per share) | $ / shares	16.55
Forfeited, Average Grant Date Fair Value (in dollars per share) | $ / shares	18.63
Unvested shares, Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 16.68

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Contingencies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2011	Dec. 31, 2015	Nov. 30, 2011
Loss Contingencies [Line Items]
Contingency accrual	$ 1.3
Patent Infringement Against Orbis Corp
Loss Contingencies [Line Items]
Contingency accrual		$ 3.0
Loss Contingency, Range of Possible Loss, Maximum				$ 3.1
Contingency accrual reversal				3.0
Environmental Issue | Pending Litigation | New Idria Mercury Mine
Loss Contingencies [Line Items]
Expense related to remedial investigation and feasibility study			$ 1.9
Payments charged against the reserve				1.2
Estimate of EPA's interim removal project costs	$ 1.6				$ 0.5
Contingency accrual				1.3
Total contingency accrued				$ 2.0

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Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term Debt	$ 193,512	$ 237,109
Less unamortized deferred financing fees	506	680
Long-term Debt, net of deferred financing costs	193,006	236,429
Loan Agreement
Debt Instrument [Line Items]
Long-term Debt	93,512	137,109
4.67% Senior Unsecured Notes due 2021 [Member]
Debt Instrument [Line Items]
Long-term Debt	40,000	40,000
5.25% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	11,000	11,000
5.30% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt	29,000	29,000
5.45% Senior Unsecured Notes due 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 20,000	$ 20,000

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Long-Term Debt and Loan Agreements - Schedule of Long Term Debt (Parenthetical) (Details)	12 Months Ended
	Dec. 31, 2015	Oct. 22, 2013
4.67% Senior Unsecured Notes due 2021 [Member]
Debt Instrument [Line Items]
Interest rate	4.67%	4.67%
Debt instrument maturity period	2021
5.25% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.25%	5.25%
Debt instrument maturity period	2024
5.30% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Interest rate	5.30%
Debt instrument maturity period	2024
5.45% Senior Unsecured Notes due 2026 [Member]
Debt Instrument [Line Items]
Interest rate	5.45%	5.45%
Debt instrument maturity period	2026

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Long-Term Debt and Loan Agreements - Additional Information (Details) - USD ($)		1 Months Ended	12 Months Ended
	Oct. 22, 2013	Jan. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	May. 30, 2014	Dec. 13, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Letters of credit			$ 4,300,000
Long-term Debt			193,512,000	$ 237,109,000
Proceeds from issuance of long-term debt			0	89,000,000	$ 11,000,000
Long-term debt, excluding unamortized deferred financing costs			193,006,000	236,429,000
Unamortized debt issuance expense			506,000	680,000
Senior Unsecured Note [Member]
Debt Instrument [Line Items]
Long-term Debt			100,000,000
4.67% Senior Unsecured Notes due 2021 [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 40,000,000	40,000,000
Interest rate	4.67%		4.67%
5.25% Senior Unsecured Notes due 2024 [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 11,000,000	11,000,000
Proceeds from issuance of long-term debt	$ 11,000,000
Interest rate	5.25%		5.25%
Senior Unsecured Notes Excluding 5.25% Senior Unsecured Notes due in 2024 [Member][Member]
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt		$ 89,000,000
5.45% Senior Unsecured Notes due 2026 [Member]
Debt Instrument [Line Items]
Long-term Debt			$ 20,000,000	$ 20,000,000
Interest rate	5.45%		5.45%
Loan Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity on line of credit						$ 300,000,000	$ 200,000,000	$ 180,000,000
Remaining amount available under the line of credit			$ 202,200,000
Interest rate during period			4.59%	4.00%
Long-term Debt			$ 93,512,000	$ 137,109,000

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Long-Term Debt and Loan Agreements - Schedule of Debt Ratios (Details) - Unsecured Senior Notes [Member]	Dec. 31, 2015
Debt Instrument [Line Items]
Debt Instrument, Interest Coverage Ratio, Actual	7.52%
Debt Instrument, Leverage Ratio, Actual	2.55%
Debt Instrument, Covenant, Interest Coverage Ratio Required, Minimum	3.00%
Debt Instrument, Covenant, Leverage Ratio Required, Maximum	3.25%

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Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]
Effective tax rate for the year	35.70%	36.40%	33.50%
Net operating loss carryforwards	$ 4,715	$ 5,050
Valuation allowance	3,664	4,326
Foreign net operating tax loss carryforwards	14,200
Temporary difference in deferred tax liability	16,400
Unrecognized tax benefits that would impact effective tax rate	200	500	$ 800
Amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position			100
Unrecognized tax benefits	151	483	$ 840	$ 910
Maximum [Member]
Income Taxes [Line Items]
Amount of accrued interest expense included as a liability within the Company's Condensed Consolidated Statements of Financial Position	$ 100	$ 100

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Income Taxes - Reconciliation of the Federal Statutory Income Tax Rate to the Company's Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract]
Statutory Federal income tax rate	35.00%	35.00%	35.00%
State income taxes - net of Federal tax benefit	0.20%	(4.50%)	2.90%
Foreign tax rate differential	(2.40%)	1.80%	(0.20%)
Domestic production deduction	(4.00%)	(6.60%)	(3.10%)
Non-deductible expenses	4.90%	7.00%	1.30%
Changes in unrecognized tax benefits	(1.80%)	(2.50%)	(0.20%)
Foreign tax incentives	(2.30%)	(3.00%)	(2.20%)
Valuation allowances	4.80%	9.00%	0.00%
Other	1.30%	0.20%	0.00%
Effective tax rate for the year	35.70%	36.40%	33.50%

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Income Taxes - Income (Loss) from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
United States	$ 19,546	$ 21,074	$ 38,089
Foreign	2,316	(6,991)	1,696
Income from continuing operations before income taxes	$ 21,862	$ 14,083	$ 39,785

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Income Taxes - Income Tax Expense (Benefit) from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
Federal	$ 6,677	$ 8,298	$ 13,273
Foreign	504	(277)	629
State and local	943	(234)	2,170
Current Income Tax Expense (Benefit)	8,124	7,787	16,072
Deferred
Federal	(368)	(1,208)	(1,413)
Foreign	783	(710)	(920)
State and local	(730)	(747)	(396)
Deferred Income Tax Expense (Benefit)	$ (315)	$ (2,665)	$ (2,729)

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Income Taxes - Significant Components of the Company's Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax liabilities
Property, plant and equipment	$ 12,989	$ 11,629
Tax-deductible goodwill	7,871	7,728
Non-deductible intangibles	282	1,843
State deferred taxes	212	687
Other	1,010	483
Deferred tax liabilities, gross	22,364	22,370
Deferred income tax assets
Compensation	7,081	6,716
Inventory valuation	945	636
Allowance for uncollectible accounts	194	260
Non-deductible accruals	3,892	2,631
Other	0	15
Net operating loss carryforwards	4,715	5,050
Deferred tax assets, gross	16,827	15,308
Valuation Allowance	(3,664)	(4,326)
Deferred Tax Assets, Net of Valuation Allowance	13,163	10,982
Net deferred income tax liability	$ 9,201	$ 11,388

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Income Taxes - Activity related to the Company's Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Valuation Allowances [Roll Forward]
Balance at January 1	$ (4,326)	$ (4,264)	$ (5,128)
(Charged) Credited to Expense	(763)	414	25
Net write-offs	0	0	0
Foreign currency translation adjustment	1,425	(476)	839
Balance at December 31	$ (3,664)	$ (4,326)	$ (4,264)

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Income Taxes - Activity Related to the Company's Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1	$ 483	$ 840	$ 910
Increases related to current year tax positions	0	0	0
Increases related to previous year tax positions	151	5	0
Reductions due to lapse of applicable statute of limitations	(483)	(362)	(48)
Reduction due to settlements	0	0	(22)
Balance at December 31	$ 151	$ 483	$ 840

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Retirement Plans - Net Periodic Pension Cost (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 272	$ 280	$ 259
Expected return on assets	(332)	(371)	(333)
Amortization of net loss	88	45	111
Net periodic pension cost	$ 28	$ (46)	$ 37

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Retirement Plans - Reconciliation of Changes in Projected Benefit Obligations (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Projected benefit obligation at beginning of year	$ 7,167	$ 6,150
Interest cost	272	280	$ 259
Actuarial (gain) loss	(496)	1,235
Expenses paid	(89)	(95)
Benefits paid	(389)	(403)
Projected benefit obligation at end of year	$ 6,465	$ 7,167	$ 6,150

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Retirement Plans - Assumptions Used to Determine the Net Periodic Benefit Cost and Benefit Obligations (Details) - Pension Plans, Defined Benefit [Member]	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Discount rate for net periodic pension cost	3.90%	4.70%	3.75%
Discount rate for benefit obligations	4.30%	3.90%	4.70%
Expected long-term return of plan assets	7.50%	8.00%	8.00%

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Retirement Plans - Change in the Fair Value of the Plans Assets (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 5,713	$ 5,577
Actual return on plan assets	60	316
Company contributions	148	318
Expenses paid	(89)	(95)
Benefits paid	(389)	(403)
Fair value of plan assets at end of year	$ 5,443	$ 5,713

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Retirement Plans - Weighted Average Asset Allocations (Details) - Pension Plans, Defined Benefit [Member]	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average asset allocations	100.00%	100.00%
U.S. Equities securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average asset allocations	83.00%	82.00%
U.S. Debt securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average asset allocations	15.00%	17.00%
Cash [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Weighted average asset allocations	2.00%	1.00%

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Retirement Plans - Reconciliation of the Funded Status of the Plan (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Projected benefit obligation	$ 6,465	$ 7,167	$ 6,150
Plan assets at fair value	5,443	5,713	$ 5,577
Funded status	$ (1,022)	$ (1,454)

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Retirement Plans - Benefit Payments Projected for the Plan (Details) - Pension Plans, Defined Benefit [Member] $ in Thousands	Dec. 31, 2015 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2016	$ 378
2017	374
2018	366
2019	371
2020	376
2021-2025	$ 1,898

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Retirement Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Executive Officer [Member] | SERP [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Plan expense recognized	$ 188	$ 402	$ (152)
Discount rate for benefit obligations	4.30%	3.90%
Accrued compensation	$ 4,174	$ 4,280
401K Plan [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Recognized expense	$ 2,363	$ 3,018	$ 2,802

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Leases - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Rental Expense
Aggregate rental expense for leased assets	$ 4,222	$ 4,708	$ 4,199

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Leases (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Operating Leases, Future Rental Payments
2016	$ 3,904
2017	2,111
2018	1,010
2019	457
2020	454
Thereafter	1,322
Total	$ 9,258

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Industry Segments - Additional Information (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) Segment	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment									2
Net sales	$ 139,194	$ 141,661	$ 164,335	$ 156,348	$ 158,271	$ 162,109	$ 152,784	$ 150,485	$ 601,538	$ 623,649	$ 584,733
Foreign Countries [Member]
Segment Reporting Information [Line Items]
Net sales									105,600	110,400	$ 95,100
Long-lived assets	$ 33,200				$ 44,800				$ 33,200	$ 44,800
Sales [Member] | Customer Concentration Risk [Member] | Brazil [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage									4.70%	7.30%	8.20%
Sales [Member] | Customer Concentration Risk [Member] | Canada [Member]
Segment Reporting Information [Line Items]
Concentration risk percentage									5.20%	4.20%	3.30%

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Industry Segments - Schedule of reporting information by segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Net Sales	$ 139,194	$ 141,661	$ 164,335	$ 156,348	$ 158,271	$ 162,109	$ 152,784	$ 150,485	$ 601,538	$ 623,649	$ 584,733
Income from Continuing Operations Before Income Taxes									30,861	22,618	44,316
Interest expense - net									(8,999)	(8,535)	(4,531)
Income from continuing operations before income taxes									21,862	14,083	39,785
Identifiable Assets	429,916				564,833				429,916	564,833	469,457
Capital Additions, Net									23,727	24,170	20,709
Depreciation and Amortization									34,979	31,172	23,528
Operating Segments | Material Handling
Segment Reporting Information [Line Items]
Net Sales									414,030	432,054	380,605
Income from Continuing Operations Before Income Taxes									49,762	31,903	47,428
Identifiable Assets	335,506				370,501				335,506	370,501	240,897
Capital Additions, Net									21,422	22,197	18,787
Depreciation and Amortization									32,667	29,013	21,728
Operating Segments | Distribution
Segment Reporting Information [Line Items]
Net Sales									187,637	191,873	204,460
Income from Continuing Operations Before Income Taxes									16,114	16,024	21,727
Identifiable Assets	58,772				57,523				58,772	57,523	63,340
Capital Additions, Net									1,795	1,786	915
Depreciation and Amortization									998	1,022	859
Operating Segments | Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Identifiable Assets	0				117,775				0	117,775	160,568
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales									(129)	(278)	(332)
Corporate
Segment Reporting Information [Line Items]
Income from Continuing Operations Before Income Taxes									(35,015)	(25,309)	(24,839)
Identifiable Assets	$ 35,638				$ 19,034				35,638	19,034	4,652
Capital Additions, Net									510	187	1,007
Depreciation and Amortization									$ 1,314	$ 1,137	$ 941

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Summarized Quarterly Results of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Net Sales	$ 139,194	$ 141,661	$ 164,335	$ 156,348	$ 158,271	$ 162,109	$ 152,784	$ 150,485	$ 601,538	$ 623,649	$ 584,733
Gross Profit	40,254	41,686	50,581	45,757	36,715	39,961	42,532	42,071	178,278	161,279	169,554
Income (loss) from continuing operations	(125)	631	10,925	2,622	1,489	(3,618)	6,327	4,763	14,053	8,961	26,442
Income (loss) from discontinued operations, net	896	(298)	494	2,617	(13,856)	875	(578)	(4,083)	3,709	(17,642)	(440)
Net income (loss)	$ 771	$ 333	$ 11,419	$ 5,239	$ (12,367)	$ (2,743)	$ 5,749	$ 680	$ 17,762	$ (8,681)	$ 26,002
Basic (in dollars per share)	$ 0	$ 0.02	$ 0.35	$ 0.08	$ 0.05	$ (0.11)	$ 0.20	$ 0.14	$ 0.46	$ 0.28	$ 0.78
Diluted (in dollars per share)	0	0.02	0.35	0.08	0.05	(0.11)	0.19	0.14	0.45	0.27
Basic (in dollars per share)	0.03	(0.01)	0.02	0.08	(0.44)	0.02	(0.02)	(0.12)	0.12	(0.55)	(0.01)
Diluted (in dollars per share)	0.03	(0.01)	0.02	0.08	(0.44)	0.02	(0.02)	(0.12)	0.12	(0.54)	(0.01)
Basic (in dollars per share)	0.03	0.01	0.37	0.16	(0.39)	(0.09)	0.18	0.02	0.58	(0.27)	0.77
Diluted (in dollars per share)	$ 0.03	$ 0.01	$ 0.37	$ 0.16	$ (0.39)	$ (0.09)	$ 0.17	$ 0.02	$ 0.57	$ (0.27)	$ 0.76

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Summarized Quarterly Results of Operations (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Line Items]
Stock compensation expense		$ 1,100			$ 4,934	$ 3,115	$ 2,557
Stock compensation expenses, after tax		700
Contingency accrual		$ 1,300
Adjustment to inventory and fixed asset				$ 3,200		1,800
Impairment charge for assets held for sale				$ 18,900
Lawn and Garden Business
Quarterly Financial Information Disclosure [Line Items]
Gain sale of business	$ 900		$ 3,800		$ 4,700
Impairment charge for assets held for sale						$ 18,900