Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Reportable Business Segment Information

Reportable business segment information for the three and nine months ended September 30 was as follows:

	Metal Containers		Closures		Plastic Containers			Corporate			Total
	(Dollars in thousands)
Three Months Ended September 30, 2015
Net sales	$	845,408	$	215,713	$	142,404		$	—		$	1,203,525
Depreciation and amortization(1)	17,746		9,399		8,531			30			35,706
Rationalization charges	—		205		8,865			—			9,070
Segment income from operations	106,024		27,066		(7,293		)	(3,874		)	121,923
Three Months Ended September 30, 2014
Net sales	$	827,675	$	241,021	$	159,748		$	—		$	1,228,444
Depreciation and amortization(1)	17,550		9,930		9,146			32			36,658
Rationalization charges	—		1,218		1,310			—			2,528
Segment income from operations(2)	112,229		27,645		13,129			(5,368		)	147,635
Nine Months Ended September 30, 2015
Net sales	$	1,858,004	$	620,949	$	455,402		$	—		$	2,934,355
Depreciation and amortization(1)	52,400		28,302		25,881			93			106,676
Rationalization charges	—		1,351		9,403			—			10,754
Segment income from operations	194,992		73,226		11,332			(12,273		)	267,277
Nine Months Ended September 30, 2014
Net sales	$	1,814,764	$	687,050	$	499,812		$	—		$	3,001,626
Depreciation and amortization(1)	52,121		31,482		27,354			95			111,052
Rationalization charges	—		2,706		2,272			—			4,978
Segment income from operations(2)	203,582		70,639		38,946			(11,442		)	301,725

_____________

⁽¹⁾  Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million in each of the three months ended September 30, 2015 and 2014 and $3.1 million and $3.2 million for the nine months ended September 30, 2015 and 2014, respectively.

⁽²⁾  Income from operations of the closures segment includes income (losses) from operations in Venezuela of $0.8 million and $(2.6) million for the three and nine months ended September 30, 2014, respectively. The manufacturing facility in Venezuela ceased operations at the end of 2014.

Reconciliation of Segment Income from Operations to Income before Income Taxes

Total segment income from operations is reconciled to income before income taxes as follows:

	Three Months Ended				Nine Months Ended
	Sept. 30, 2015		Sept. 30, 2014		Sept. 30, 2015		Sept. 30, 2014
	(Dollars in thousands)
Total segment income from operations	$	121,923	$	147,635	$	267,277	$	301,725
Interest and other debt expense	17,159		19,276		50,364		58,394
Income before income taxes	$	104,764	$	128,359	$	216,913	$	243,331