Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Reportable Operating Segment Information

Reportable segment information was as follows:


	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended June 30, 2021
Net sales	$	545,768	$	624,534	$	178,359	$	—	$	1,348,661
Depreciation and amortization(1)	29,101		21,329		9,632		42		60,104
Rationalization charges	67		225		62		—		354
Segment income	73,836		58,635		27,244		(6,761)		152,954

Three Months Ended June 30, 2020
Net sales	$	410,468	$	597,191	$	168,811	$	—	$	1,176,470
Depreciation and amortization(1)	22,026		20,545		9,352		42		51,965
Rationalization charges	700		1,153		89		—		1,942
Segment income	58,581		71,782		22,987		(22,116)		131,234

Six Months Ended June 30, 2021
Net sales	$	1,055,120	$	1,178,615	$	353,036	$	—	$	2,586,771
Depreciation and amortization(1)	57,991		42,578		19,005		81		119,655
Rationalization charges	5,298		5,246		167		—		10,711
Segment income	139,481		104,249		51,730		(15,957)		279,503

Six Months Ended June 30, 2020
Net sales	$	767,619	$	1,105,709	$	333,526	$	—	$	2,206,854
Depreciation and amortization(1)	42,150		41,026		18,840		79		102,095
Rationalization charges	1,442		3,116		183		—		4,741
Segment income	103,810		119,261		45,032		(34,728)		233,375

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(1)Depreciation and amortization excludes amortization of debt discount and debt issuance costs of $1.4 million and $1.1 million for the three months ended June 30, 2021 and 2020, respectively and $2.7 million and $2.1 million for the six months ended June 30, 2021 and 2020, 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, 2021		June 30, 2020		June 30, 2021		June 30, 2020
	(Dollars in thousands)
Total segment income	$	152,954	$	131,234	$	279,503	$	233,375
Interest and other debt expense	26,406		25,837		53,712		50,807
Income before income taxes	$	126,548	$	105,397	$	225,791	$	182,568