Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

The following table presents net sales and operating profit by segment for the three and six-month periods ended June 30, 2018 and 2017:



	Three Months Ended June 30,						Six Months Ended June 30,
(In thousands)	2018			2017			2018			2017
Net Sales
PE Films	$	82,457		$	89,639		$	175,707		$	176,050
Flexible Packaging Films	28,304			26,588			56,741			53,297
Aluminum Extrusions	144,558			123,208			272,793			222,807
Total net sales	255,319			239,435			505,241			452,154
Add back freight	8,440			7,912			17,229			16,218
Sales as shown in the Consolidated Statements of Income	$	263,759		$	247,347		$	522,470		$	468,372
Operating Profit (Loss)
PE Films:
Ongoing operations	$	8,678		$	10,682		$	22,712		$	19,713
Plant shutdowns, asset impairments, restructurings and other	(1,135		)	(904		)	(2,187		)	(2,972		)
Flexible Packaging Films:
Ongoing operations	1,294			(319		)	3,008			(2,317		)
Plant shutdowns, asset impairments, restructurings and other	—			11,856			—			11,856
Aluminum Extrusions:
Ongoing operations	13,156			11,772			23,355			21,601
Plant shutdowns, asset impairments, restructurings and other	(46		)	1,571			(99		)	(2,769		)
Total	21,947			34,658			46,789			45,112
Interest income	228			55			284			129
Interest expense	1,577			1,642			3,221			2,822
Gain (loss) on investment in kaléo accounted for under fair value method	5,800			21,500			14,000			24,800
Stock option-based compensation costs	305			38			391			41
Corporate expenses, net	6,824			7,502			14,740			14,026
Income before income taxes	19,269			47,031			42,721			53,152
Income taxes	4,547			2,827			9,834			5,246
Net income	$	14,722		$	44,204		$	32,887		$	47,906

The following table presents identifiable assets by segment at June 30, 2018 and December 31, 2017: