Business Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

Reportable business segment information for the three and six months ended June 30 was as follows:

	Metal Containers		Closures		Plastic Containers		Corporate			Total
	(Dollars in thousands)
Three Months Ended June 30, 2016
Net sales	$	529,604	$	206,492	$	138,546	$	—		$	874,642
Depreciation and amortization(1)	17,997		9,702		8,058		27			35,784
Rationalization charges	4,054		293		691		—			5,038
Segment income from operations	45,873		25,301		1,017		(4,540		)	67,651
Three Months Ended June 30, 2015
Net sales	$	553,698	$	207,156	$	153,375	$	—		$	914,229
Depreciation and amortization(1)	17,464		9,175		8,659		31			35,329
Rationalization charges	—		810		149		—			959
Segment income from operations	48,300		24,584		9,414		(4,007		)	78,291
Six Months Ended June 30, 2016
Net sales	$	983,059	$	402,601	$	281,719	$	—		$	1,667,379
Depreciation and amortization(1)	35,947		19,116		15,840		55			70,958
Rationalization charges	4,054		417		1,637		—			6,108
Segment income from operations	83,489		49,820		1,068		(9,281		)	125,096
Six Months Ended June 30, 2015
Net sales	$	1,012,596	$	405,235	$	312,998	$	—		$	1,730,829
Depreciation and amortization(1)	34,655		18,902		17,350		63			70,970
Rationalization charges	—		1,146		538		—			1,684
Segment income from operations	88,967		46,159		18,625		(8,399		)	145,352

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⁽¹⁾  Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million in each of the three months ended June 30, 2016 and 2015 and $2.1 million in each of the six months ended June 30, 2016 and 2015.

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

	Three Months Ended				Six Months Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
	(Dollars in thousands)
Total segment income from operations	$	67,651	$	78,291	$	125,096	$	145,352
Interest and other debt expense	16,883		16,762		33,339		33,205
Income before income taxes	$	50,768	$	61,529	$	91,757	$	112,147

Sales and income from operations of our metal container business and part of our closures business are dependent, in part, upon fruit and vegetable harvests.  The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions.  Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual income from operations during that quarter.