Segment Reporting

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting

11. Our primary business segments are Film Products and Aluminum Extrusions. In February 2010, we started reporting an additional segment, Other, comprised of the start-up operations of Bright View Technologies Corporation ("Bright View") and Falling Springs. Effective January 1, 2012, the operations and results of Bright View were incorporated into Film Products to leverage research and development efforts and accelerate new product development. As discussed in Note 3, Falling Springs was divested in the fourth quarter of 2012. All historical results for this business have been reflected as discontinued operations. With the sale of Falling Springs, there is no longer an Other segment to report.

     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, 2013 and 2012:

	Three Months						SixMonths
	Ended June 30						Ended June 30
(In Thousands)	2013			2012			2013			2012
Net Sales
Film Products	$	158,266		$	150,226		$	312,651		$	303,925
Aluminum Extrusions		77,855			59,695			157,794			117,303
Total net sales		236,121			209,921			470,445			421,228
Add back freight		7,409			5,938			14,611			11,274
Sales as shown in the Consolidated Statements of Income		243,530			215,859			485,056			432,502
Operating Profit
Film Products:
Ongoing operations		18,727			13,441			35,734			28,907
Plant shutdowns, asset impairments, restructurings and other		(107	)		(1,508	)		(209	)		(1,792	)
Aluminum Extrusions:
Ongoing operations		4,311			3,800			8,925			5,503
Plant shutdowns, asset impairments, restructurings and other		(545	)		(1,086	)		(798	)		(2,147	)
Total		22,386			14,647			43,652			30,471
Interest income		91			83			169			253
Interest expense		715			1,017			1,405			2,024
Gain on investment accounted for under fair value method		2,100			2,700			3,200			6,300
Unrealized loss on investment property		(1,018	)		-			(1,018	)		-
Stock option-based compensation costs		283			315			599			761
Corporate expenses, net		7,487			6,000			15,644			12,272
Income fromcontinuining operations before income taxes		15,074			10,098			28,355			21,967
Income taxes from continuing operations		5,484			2,710			9,248			6,842
Income fromcontinuing operations		9,590			7,388			19,107			15,125
Loss from discontinued operations		(8,300	)		(35	)		(13,540	)		(4,774	)
Net income	$	1,290		$	7,353		$	5,567		$	10,351

     The following table presents identifiable assets by segment at June 30, 2013 and December 31, 2012:

		June 30,		December 31,
(In Thousands)		2013		2012
Film Products	$	566,408	$	551,842
Aluminum Extrusions		135,885		129,279
Subtotal		702,293		681,121
General corporate		52,600		53,222
Cash and cash equivalents		44,427		48,822
Total	$	799,320	$	783,165