Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Reportable Business Segment Information

Reportable business segment information for the three and six months ended June 30 was as follows:

	Metal Containers		Closures		Plastic Containers		Corporate			Total
	(Dollars in thousands)
Three Months Ended June 30, 2018
Net sales	$	524,863	$	378,762	$	155,478	$	—		$	1,059,103
Depreciation and amortization(1)	20,423		18,758		8,854		43			48,078
Rationalization charges	258		—		234		—			492
Segment income	48,248		47,702		13,160		(4,993		)	104,117
Three Months Ended June 30, 2017
Net sales	$	529,715	$	349,087	$	143,012	$	—		$	1,021,814
Depreciation and amortization(1)	19,124		17,000		8,572		23			44,719
Rationalization charges	2,239		349		450		—			3,038
Segment income(2)	49,432		33,827		6,666		(14,692		)	75,233
Six Months Ended June 30, 2018
Net sales	$	1,010,818	$	749,108	$	311,459	$	—		$	2,071,385
Depreciation and amortization(1)	40,676		37,408		17,804		64			95,952
Rationalization charges	740		39		416		—			1,195
Segment income	85,341		95,927		24,242		(9,209		)	196,301
Six Months Ended June 30, 2017
Net sales	$	995,951	$	546,769	$	284,500	$	—		$	1,827,220
Depreciation and amortization(1)	37,923		26,181		17,008		46			81,158
Rationalization charges	2,962		401		560		—			3,923
Segment income(2)	93,303		57,625		13,500		(32,434		)	131,994

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⁽¹⁾  Depreciation and amortization excludes amortization of debt issuance costs of $0.9 million and $1.0 million for the three months ended June 30, 2018 and 2017, respectively, and $2.0 million and $2.2 million for the six months ended June 30, 2018 and 2017, respectively.

⁽²⁾  Segment income for Metal Containers includes a $3.0 million charge for each of the three and six months ended June 30, 2017 related to the resolution of a past non-commercial legal dispute. Segment income for Corporate includes costs attributed to announced acquisitions of $9.8 million and $23.0 million for the three and six months ended June 30, 2017, respectively.

Reconciliation of Segment Income from Operations to Income before Income Taxes

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

	Three Months Ended				Six Months Ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
	(Dollars in thousands)
Total segment income	$	104,117	$	75,233	$	196,301	$	131,994
Interest and other debt expense	32,415		33,582		62,894		56,677
Income before income taxes	$	71,702	$	41,651	$	133,407	$	75,317