Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Reportable Business Segment Information

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

	Metal				Plastic
	Containers(1)		Closures		Containers		Corporate			Total
	(Dollars in thousands)
Three Months Ended June 30, 2011
Net sales	$	482,258	$	184,538	$	155,428	$	-		$	822,224
Depreciation and amortization(2)		20,160		8,604		11,191		424			40,379
Rationalization charges		1,378		317		674		-			2,369
Segment income from operations(3) (4)		42,874		22,681		4,512		24,395			94,462
Three Months Ended June 30, 2010
Net sales	$	378,063	$	165,773	$	150,013	$	-		$	693,849
Depreciation and amortization(2)		16,881		6,929		11,573		419			35,802
Rationalization charges		314		-		395		-			709
Segment income from operations		44,034		23,955		3,969		(4,900	)		67,058
Six Months Ended June 30, 2011
Net sales	$	872,742	$	344,580	$	307,990	$	-		$	1,525,312
Depreciation and amortization(2)		37,983		16,720		22,308		847			77,858
Rationalization charges		1,378		1,392		1,331		-			4,101
Segment income from operations(3) (4)		81,238		38,498		10,827		17,542			148,105
Six Months Ended June 30, 2010
Net sales	$	753,115	$	309,819	$	294,951	$	-		$	1,357,885
Depreciation and amortization(2)		33,602		14,059		22,738		838			71,237
Rationalization charges		314		-		2,449		-			2,763
Segment income from operations(5)		90,424		35,050		6,874		(8,584	)		123,764

(1)   Our metal containers segment includes the operations formerly categorized as metal food containers and the VN operations acquired in March 2011.

(2)   Depreciation and amortization excludes amortization of debt discount and issuance costs of $0.8 million and $0.6 million for the three months ended June 30, 2011 and 2010, respectively, and $1.6 million and $1.3 million for the six months ended June 30, 2011 and 2010, respectively.

(3)   Income from operations for corporate includes income of $27.0 million and $25.2 million for the three and six months ended June 30, 2011, respectively, for proceeds received as a result of the termination of the Graham Packaging merger agreement, net of costs associated with certain corporate development activities.

(4)   Income from operations of the metal containers segment includes a charge for the resolution of a past product liability dispute of $3.3 million for the three and six months ended June 30, 2011.

(5)   Income from operations for the closures segment includes a charge of $3.2 million for the remeasurement of net assets in the Venezuela operations to the devalued official Bolivar exchange rate.

Reconciliation of Income Before Income Taxes from Operational Segment Income

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

	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2011		2010		2011		2010
	(Dollars in thousands)
Total segment income from operations	$	94,462	$	67,058	$	148,105	$	123,764
Interest and other debt expense		16,446		11,971		30,385		24,506
Income before income taxes	$	78,016	$	55,087	$	117,720	$	99,258