Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Reportable business segment information for the three and nine months ended September 30 is as follows:



	Metal Containers		Closures		Plastic Containers			Corporate			Total
	(Dollars in thousands)
Three Months Ended September 30, 2013
Net sales	$	831,094	$	185,249	$	151,578		$	—		$	1,167,921
Depreciation and amortization⁽¹⁾	20,243		8,310		11,765			33			40,351
Rationalization charges	344		988		—			—			1,332
Segment income from operations⁽²⁾	108,322		23,053		8,557			(4,073		)	135,859

Three Months Ended September 30, 2012
Net sales	$	814,111	$	182,730	$	142,706		$	—		$	1,139,547
Depreciation and amortization⁽¹⁾	21,920		7,900		10,755			22			40,597
Rationalization charges (credit)	1,732		453		(137		)	—			2,048
Segment income from operations⁽²⁾⁽³⁾	103,453		24,134		6,221			(1,376		)	132,432

Nine Months Ended September 30, 2013
Net sales	$	1,826,026	$	527,835	$	489,830		$	—		$	2,843,691
Depreciation and amortization⁽¹⁾	63,770		24,862		35,025			100			123,757
Rationalization charges	1,727		1,233		656			—			3,616
Segment income from operations^(2)(3)(4)	193,619		55,367		30,431			(10,529		)	268,888

Nine Months Ended September 30, 2012
Net sales	$	1,738,684	$	528,782	$	462,050		$	—		$	2,729,516
Depreciation and amortization⁽¹⁾	64,926		24,110		31,690			729			121,455
Rationalization charges	1,732		2,594		1,483			—			5,809
Segment income from operations⁽²⁾⁽³⁾	185,604		65,072		24,201			(8,044		)	266,833

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⁽¹⁾	Depreciation and amortization excludes amortization of debt issuance costs of $1.1 million and $1.2 million for the three months ended September 30, 2013 and 2012, respectively, and amortization of debt issuance costs of $3.3 million and amortization of debt discount and issuance costs of $3.7 million for the nine months ended September 30, 2013 and 2012, respectively.


⁽²⁾	Income from operations for Corporate includes costs attributable to announced acquisitions of $1.0 million and $0.8 million for the three months ended September 30, 2013 and 2012, respectively, and $1.2 million and $1.5 million for the nine months ended September 30, 2013 and 2012, respectively.


⁽³⁾	Income from operations of the metal containers segment includes new plant start-up costs of $1.4 million for the three months ended September 30, 2012 and $0.8 million and $4.3 million for the nine months ended September 30, 2013 and 2012, respectively.


⁽⁴⁾	Income from operations of the closures segment for the nine months ended September 30, 2013 includes a charge of $3.0 million for the remeasurement of net assets in Venezuela due to the devalued official Bolivar exchange rate.

Reconciliation of Segment Income from Operations to Income before Income Taxes

Total segment income from operations is reconciled to income before income taxes as follows:



	Three Months Ended				Nine Months Ended
	Sept. 30,		Sept. 30,		Sept. 30,		Sept 30,
	2013		2012		2013		2012
	(Dollars in thousands)
Total segment income from operations	$	135,859	$	132,432	$	268,888	$	266,833
Interest and other debt expense	16,982		16,005		49,844		86,326
Income before income taxes	$	118,877	$	116,427	$	219,044	$	180,507

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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