Segment Information

3 Months Ended

Mar. 31, 2016

Segment Information

Segment Information

11.Segment Information

Paper and Packaging:  This segment manufactures and sells a wide variety of container board, corrugated products and specialty paper for industrial and consumer markets.

Distribution: Through Victory, a North American distributor of packaging materials, and its approximately 70 distribution centers located in the United States, Mexico and Canada, the Company provides packaging materials and related products to a wide variety of customers.

Each segment’s profits and losses are measured on operating profits before foreign exchange gains / (losses), net interest expense and income taxes.

	Net Sales
Three Months Ended March 31, 2016	Trade		Inter- segment			Total			Operating Income (Loss)				Depreciation and Amortization				Capital Expenditures				Assets
Paper and Packaging:
Containerboard / Corrugated products	$	324,290	$	16,469		$	340,759
Specialty paper	174,438		—			174,438
Other	21,312		—			21,312
Paper and Packaging	$	520,040	$	16,469		$	536,509		$	46,241			$		37,136		$		32,355		$		2,501,605
Distribution	218,175		—			218,175			1,381				5,661				2,066				665,458
Corporate	—		—			—			(13,022		)		1,742				1,742				45,603
Intersegment eliminations	—		(16,469		)	(16,469		)	—				—				—				—
	$	738,215	$	—		$	738,215		$	34,600			$		44,539		$		36,163		$		3,212,666
	Net Sales
Three Months Ended March 31, 2015	Trade		Inter- segment			Total			Operating Income (Loss)					Depreciation and Amortization				Capital Expenditures				Assets
Paper and Packaging:
Containerboard / Corrugated products	$	344,311	$	—		$	344,311
Specialty paper	179,203		—			179,203
Other	22,775		—			22,775
Paper and Packaging	$	546,289	$	—		$	546,289		$	58,399				$		34,477		$		26,250		$		2,544,235
Distribution	—		—			—			—					—				—				—
Corporate	—		—			—			(11,050			)		644				2,512				43,440
Intersegment eliminations	—		—			—			—					—				—				—
	$	546,289	$	—		$	546,289		$	47,349				$		35,121		$		28,762		$		2,587,675