Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

The Company's business segments are Film Products and Aluminum Extrusions. Information by business segment is reported below. There are no accounting transactions between segments and no allocations to segments. Net sales (sales less freight) and operating profit from ongoing operations are the measures of sales and operating profit used by the chief operating decision maker for purposes of assessing performance. The following table presents net sales and operating profit by segment for the three and six month periods ended June 30, 2015 and 2014:

	Three Months Ended June 30,						Six Months Ended June 30,
(In Thousands)	2015			2014			2015			2014
Net Sales
Film Products	$	115,299		$	146,016		$	248,500		$	295,176
Aluminum Extrusions	98,203			84,548			191,848			163,831
Total net sales	213,502			230,564			440,348			459,007
Add back freight	7,743			6,401			15,068			13,171
Sales as shown in the Consolidated Statements of Income	221,245			236,965			455,416			472,178
Operating Profit
Film Products:
Ongoing operations	6,178			14,963			23,795			31,685
Plant shutdowns, asset impairments, restructurings and other	(259		)	(10,923		)	(192		)	(12,168		)
Aluminum Extrusions:
Ongoing operations	8,299			8,050			13,591			12,811
Plant shutdowns, asset impairments, restructurings and other	(18		)	(174		)	(33		)	(174		)
Total	14,200			11,916			37,161			32,154
Interest income	82			107			171			302
Interest expense	893			531			1,778			1,161
Gain (loss) on investment accounted for under fair value method	—			(1,100		)	—			(1,100		)
Gain on sale of investment property	—			1,208			—			1,208
Stock option-based compensation costs	198			345			498			586
Corporate expenses, net	11,694			5,339			18,910			11,814
Income before income taxes	1,497			5,916			16,146			19,003
Income taxes	903			2,164			5,682			6,772
Net income	$	594		$	3,752		$	10,464		$	12,231

The following table presents identifiable assets by segment at June 30, 2015 and December 31, 2014:

(In Thousands)	June 30, 2015		December 31, 2014
Film Products	$	506,707	$	546,210
Aluminum Extrusions	152,277		143,328
Subtotal	658,984		689,538
General corporate	51,600		49,032
Cash and cash equivalents	47,405		50,056
Total	$	757,989	$	788,626