Business Segment Information

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segment Information

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, 2016
Net sales	$	797,370	$	211,955	$	130,318		$	—		$	1,139,643
Depreciation and amortization(1)	18,432		9,757		8,006			27			36,222
Rationalization charges	4,280		64		3,477			—			7,821
Segment income from operations	98,007		28,401		800			(4,801		)	122,407
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
Nine Months Ended September 30, 2016
Net sales	$	1,780,429	$	614,558	$	412,036		$	—		$	2,807,023
Depreciation and amortization(1)	54,379		28,873		23,847			82			107,181
Rationalization charges	8,333		482		5,114			—			13,929
Segment income from operations	181,496		78,220		1,868			(14,082		)	247,502
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

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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 September 30, 2016 and 2015 and $3.1 million in each of the nine months ended September 30, 2016 and 2015.

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

	Three Months Ended				Nine Months Ended
	Sept. 30, 2016		Sept. 30, 2015		Sept. 30, 2016		Sept. 30, 2015
	(Dollars in thousands)
Total segment income from operations	$	122,407	$	121,923	$	247,502	$	267,277
Interest and other debt expense	17,318		17,159		50,657		50,364
Income before income taxes	$	105,089	$	104,764	$	196,845	$	216,913

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.