Business Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

Reportable business segment information for the three months ended March 31 was as follows:

	Metal Containers		Closures		Plastic Containers		Corporate			Total
	(Dollars in thousands)
Three Months Ended March 31, 2016
Net sales	$	453,455	$	196,110	$	143,173	$	—		$	792,738
Depreciation and amortization(1)	17,950		9,416		7,782		29			35,177
Rationalization charges	—		125		946		—			1,071
Segment income from operations	37,616		24,520		50		(4,740		)	57,446
Three Months Ended March 31, 2015
Net sales	$	458,898	$	198,080	$	159,623	$	—		$	816,601
Depreciation and amortization(1)	17,192		9,727		8,692		32			35,643
Rationalization charges	—		336		389		—			725
Segment income from operations	40,667		21,575		9,211		(4,392		)	67,061

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⁽¹⁾  Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million for each of the three months ended March 31, 2016 and 2015.

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

	2016		2015
	(Dollars in thousands)
Total segment income from operations	$	57,446	$	67,061
Interest and other debt expense	16,455		16,443
Income before income taxes	$	40,991	$	50,618

Sales and income from operations of our metal container business and part of our closures business are dependent, in part, upon fruit and vegetable harvests.  The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions.  Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual income from operations during that quarter.