SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2020

SEGMENT INFORMATION

Financial information regarding the Company's reportable segments

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Total Sales:
Beauty + Home	$	306,469	$	349,253	$	636,935	$	722,756
Pharma		303,885		284,577		603,475		559,071
Food + Beverage		99,023		119,095		199,324		223,822
Total Sales		709,377		752,925	$	1,439,734	$	1,505,649
Less: Intersegment Sales:
Beauty + Home	$	6,683	$	7,173	$	12,589	$	13,017
Pharma		2,626		2,638		5,020		4,431
Food + Beverage		763		453		1,267		1,080
Total Intersegment Sales	$	10,072	$	10,264	$	18,876	$	18,528
Net Sales:
Beauty + Home	$	299,786	$	342,080	$	624,346	$	709,739
Pharma		301,259		281,939		598,455		554,640
Food + Beverage		98,260		118,642		198,057		222,742
Net Sales	$	699,305	$	742,661	$	1,420,858	$	1,487,121
Adjusted EBITDA (1):
Beauty + Home	$	23,974	$	48,745	$	58,221	$	101,936
Pharma		104,099		101,428		212,441		198,785
Food + Beverage		17,785		20,944		33,192		37,635
Corporate & Other, unallocated		(9,279)		(10,630)		(23,107)		(23,385)
Acquisition-related costs (2)		(3,592)		(1,059)		(5,866)		(1,059)
Restructuring Initiatives (3)		(7,331)		(1,737)		(12,170)		(11,267)
Depreciation and amortization		(56,429)		(47,867)		(107,235)		(95,356)
Interest Expense		(8,734)		(8,756)		(17,122)		(17,970)
Interest Income		175		1,033		350		2,781
Income before Income Taxes	$	60,668	$	102,101	$	138,704	$	192,100

(1) We evaluate performance of our reporting segments and allocate resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, unallocated corporate expenses, restructuring and acquisition-related costs.

(2) Acquisition-related costs include transaction costs and purchase accounting adjustments related to acquisitions and investments (see Note 17 – Acquisitions and Note 18 – Investment in Equity Securities for further details).

(3) Restructuring Initiatives includes expense items for the three and six months ended June 30, 2020 and 2019 as follows (see Note 19 – Restructuring Initiatives for further details):

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Restructuring Initiatives by Segment
Beauty + Home	$	7,324	$	1,259	$	12,231	$	9,528
Pharma		(111)		(113)		(142)		213
Food + Beverage		75		112		178		622
Corporate & Other		43		479		(97)		904
Total Restructuring Initiatives	$	7,331	$	1,737	$	12,170	$	11,267

Restructuring Initiatives

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Restructuring Initiatives by Segment
Beauty + Home	$	7,324	$	1,259	$	12,231	$	9,528
Pharma		(111)		(113)		(142)		213
Food + Beverage		75		112		178		622
Corporate & Other		43		479		(97)		904
Total Restructuring Initiatives	$	7,331	$	1,737	$	12,170	$	11,267