SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2017

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 14 — SEGMENT INFORMATION

The Company is organized into three reporting segments.  Operations that sell dispensing systems and sealing solutions primarily to the personal care, beauty and home care markets form the Beauty + Home segment.  Operations that sell dispensing systems and sealing solutions primarily to the prescription drug, consumer health care and injectables markets form the Pharma segment.  Operations that sell dispensing systems and sealing solutions primarily to the food and beverage markets form the Food + Beverage segment. The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. 

Financial information regarding the Company’s reportable segments is shown below:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Total Sales:
Beauty + Home	$	327,475	$	345,894	$	654,408	$	664,764
Pharma		201,703		191,038		398,617		374,173
Food + Beverage		94,958		89,087		177,307		174,483
Total Sales		624,136		626,019		1,230,332		1,213,420
Less: Intersegment Sales:
Beauty + Home	$	5,358	$	5,573	$	9,843	$	10,107
Pharma		1		4		3		4
Food + Beverage		1,031		443		1,424		972
Total Intersegment Sales	$	6,390	$	6,020	$	11,270	$	11,083
Net Sales:
Beauty + Home	$	322,117	$	340,321	$	644,565	$	654,657
Pharma		201,702		191,034		398,614		374,169
Food + Beverage		93,927		88,644		175,883		173,511
Net Sales	$	617,746	$	619,999	$	1,219,062	$	1,202,337
Segment Income (1):
Beauty + Home	$	25,203	$	30,547	$	47,411	$	54,075
Pharma		59,792		58,597		118,862		111,833
Food + Beverage		12,577		13,593		19,717		22,876
Corporate & Other		(10,935)		(9,636)		(21,941)		(27,831)
Interest Expense		(7,712)		(9,203)		(15,974)		(17,794)
Interest Income		643		460		973		1,044
Income before Income Taxes	$	79,568	$	84,358	$	149,048	$	144,203

(1) The Company evaluates performance of our business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.