Business Segments (Tables)

12 Months Ended

Dec. 31, 2018



Net Sales
(In thousands)	2018		2017		2016
PE Films	$	332,488	$	352,459	$	331,146
Flexible Packaging Films	123,830		108,355		108,028
Aluminum Extrusions	573,126		466,833		360,098
Total net sales	1,029,444		927,647		799,272
Add back freight	36,027		33,683		29,069
Sales as shown in consolidated statements of income	$	1,065,471	$	961,330	$	828,341



Operating Profit
(In thousands)	2018			2017			2016
PE Films:
Ongoing operations	$	36,181		$	41,546		$	26,312
Plant shutdowns, asset impairments, restructurings and other (a)	(5,905		)	(4,905		)	(4,602		)
Goodwill impairment charge	(46,792		)	—			—
Flexible Packaging Films:
Ongoing operations	9,892			(2,626		)	1,774
Plant shutdowns, asset impairments, restructurings and other (a)	(45		)	(89,398		)	(214		)
Aluminum Extrusions:
Ongoing operations	48,613			43,454			37,794
Plant shutdowns, asset impairments, restructurings and other (a)	(505		)	321			(741		)
Total	41,439			(11,608		)	60,323
Interest income	369			209			261
Interest expense	5,702			6,170			3,806
Gain on investment in kaléo accounted for under the fair value method (a)	30,600			33,800			1,600
Loss on sale of investment property (a)	(38		)	—			—
Unrealized loss on investment property (a)	186			—			1,032
Stock option-based compensation expense	1,221			264			56
Corporate expenses, net (a)	28,893			30,879			29,607
Income (loss) before income taxes	36,368			(14,912		)	27,683
Income tax expense (benefit) (a)	11,526			(53,163		)	3,217
Net income (loss)	$	24,842		$	38,251		$	24,466



	Depreciation and Amortization						Capital Expenditures
(In thousands)	2018		2017		2016		2018		2017		2016
PE Films	$	15,513	$	14,609	$	13,653	$	21,998	$	15,029	$	25,759
Flexible Packaging Films	1,262		10,443		9,505		5,423		3,619		3,391
Aluminum Extrusions	16,866		15,070		9,173		12,966		25,653		15,918
Subtotal	33,641		40,122		32,331		40,387		44,301		45,068
General corporate	163		155		141		427		61		389
Total	$	33,804	$	40,277	$	32,472	$	40,814	$	44,362	$	45,457



Net Sales by Geographic Area (d)
(In thousands)	2018		2017		2016
United States	$	691,232	$	584,066	$	475,734
Exports from the United States to:
Asia	75,904		84,846		73,220
Canada	51,984		46,505		45,683
Europe	6,203		8,505		7,348
Latin America	12,106		15,199		5,561
Operations outside the United States:
Brazil	101,217		87,155		90,571
The Netherlands	45,667		54,380		54,352
Hungary	33,512		24,727		24,207
China	7,814		12,199		14,390
India	3,805		10,065		8,206
Total (c)	$	1,029,444	$	927,647	$	799,272



	Identifiable Assets by Geographic Area (d)				Property, Plant & Equipment, Net by Geographic Area (d)
(In thousands)	2018		2017		2018		2017
United States (b)	$	454,178	$	475,844	$	166,550	$	156,054
Operations outside the United States:
Brazil	52,796		49,536		16,072		13,396
China	21,610		28,833		19,213		23,273
Hungary	23,615		28,573		15,436		18,230
The Netherlands	15,020		17,423		6,005		6,423
India	4,837		7,347		3,692		4,628
General corporate (b)	100,920		111,696		1,401		1,087
Cash and cash equivalents (d)	34,397		36,491		n/a		n/a
Total	$	707,373	$	755,743	$	228,369	$	223,091



Net Sales by Product Group
(In thousands)	2018		2017		2016
PE Films:
Personal care materials	$	227,090	$	246,416	$	238,213
Surface protection films	98,126		99,079		84,013
LED lighting products & other films	7,272		6,964		8,920
Subtotal	332,488		352,459		331,146
Flexible Packaging Films	123,830		108,355		108,028
Aluminum Extrusions:
Nonresidential building & construction	289,572		239,713		212,863
Consumer durables	66,416		54,126		39,293
Automotive	48,037		38,261		34,700
Machinery & equipment	41,899		33,450		20,872
Distribution	40,924		30,202		20,506
Residential building & construction	43,943		40,354		20,252
Electrical	42,335		30,727		11,612
Subtotal	573,126		466,833		360,098
Total	$	1,029,444	$	927,647	$	799,272