Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment activity is as follows (dollars in thousands):

	Year ended December 31,
	2023		2022		2021
Net Sales
Packaging	$	463,600	$	522,180	$	533,260
Aerospace	241,400		188,090		183,340
Specialty Products	188,550		173,560		140,510
Total	$	893,550	$	883,830	$	857,110
Operating Profit (Loss)
Packaging	$	60,140	$	81,000	$	96,490
Aerospace (a)	15,520		8,060		13,270
Specialty Products	36,400		30,250		22,550
Corporate (b) (c)	(46,620)		(20,250)		(37,220)
Total	$	65,440	$	99,060	$	95,090
Capital Expenditures
Packaging	$	29,060	$	33,170	$	34,080
Aerospace	14,620		6,900		5,390
Specialty Products	10,410		5,860		5,500
Corporate (c)	100		30		90
Total	$	54,190	$	45,960	$	45,060
Depreciation and Amortization
Packaging	$	34,170	$	29,340	$	30,500
Aerospace	19,160		19,620		18,700
Specialty Products	4,130		4,130		4,120
Corporate (c)	130		130		130
Total	$	57,590	$	53,220	$	53,450
Total Assets
Packaging	$	830,620	$	776,550	$	739,920
Aerospace	390,910		347,720		353,800
Specialty Products	92,770		86,290		73,260
Corporate (c)	27,360		94,440		136,660
Total	$	1,341,660	$	1,305,000	$	1,303,640

__________________________

(a) In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment.

(b) In 2022, the Company sold a non-core facility in City of Industry, California, for net proceeds of $23.3 million, and recognized a $17.6 million gain on the sale, which is included in Corporate operating loss for 2022 and included within net gain (loss) on disposition of assets in the accompanying consolidated statement of income.

(c) Corporate consists of our corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate assets consist primarily of cash and cash equivalents, unallocated deferred tax assets and prepaid assets. Corporate expenses and assets reconcile reportable segment information to the consolidated totals.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, by geographical area (dollars in thousands).

	As of December 31,
	2023				2022				2021
	Net Sales		Long-lived Assets		Net Sales		Long-lived Assets		Net Sales		Long-lived Assets
Non-U.S.
Europe	$	153,120	$	238,640	$	139,780	$	192,600	$	160,650	$	209,380
Asia Pacific	34,240		27,000		35,260		29,720		41,310		37,080
Other Americas	24,950		45,120		18,040		41,840		15,290		42,000
Total non-U.S.	212,310		310,760		193,080		264,160		217,250		288,460
Total U.S.	681,240		564,020		690,750		541,510		639,860		489,390
Total	$	893,550	$	874,780	$	883,830	$	805,670	$	857,110	$	777,850