Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2017

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 (1)		Plastic Containers		Corporate			Total
	(Dollars in thousands)
Three Months Ended September 30, 2017
Net sales	$	772,382	$	357,343	$	137,205	$	—		$	1,266,930
Depreciation and amortization(2)	19,250		17,457		8,636		22			45,365
Rationalization charges	326		134		101		—			561
Segment income from operations(3)	92,222		45,322		6,444		(5,422		)	138,566
Three Months Ended September 30, 2016
Net sales	$	797,370	$	211,955	$	130,318	$	—		$	1,139,643
Depreciation and amortization(2)	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
Nine Months Ended September 30, 2017
Net sales	$	1,768,333	$	904,112	$	421,705	$	—		$	3,094,150
Depreciation and amortization(2)	57,172		43,638		25,644		68			126,522
Rationalization charges	3,288		535		662		—			4,485
Segment income from operations (3)	185,525		102,947		19,944		(37,856		)	270,560
Nine Months Ended September 30, 2016
Net sales	$	1,780,429	$	614,558	$	412,036	$	—		$	2,807,023
Depreciation and amortization(2)	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

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⁽¹⁾  Our Closures segment includes SDS as of the acquisition date of April 6, 2017.

⁽²⁾  Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million for each of the three months ended September 30, 2017 and 2016 and $3.2 million and $3.1 million for the nine months ended September 30, 2017 and 2016, respectively.

⁽³⁾  Income from operations for Corporate includes costs attributed to announced acquisitions of $0.8 million and $23.8 million for the three and nine months ended September 30, 2017, respectively. Income from operations for Metal Containers includes a $3.0 million charge for the nine months ended September 30, 2017 related to the resolution of a past non-commercial legal dispute.

Reconciliation of Segment Income from Operations to Income before Income Taxes

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

	Three Months Ended				Nine Months Ended
	Sept. 30, 2017		Sept. 30, 2016		Sept. 30, 2017		Sept. 30, 2016
	(Dollars in thousands)
Total segment income from operations	$	138,566	$	122,407	$	270,560	$	247,502
Interest and other debt expense	30,583		17,318		87,259		50,657
Income before income taxes	$	107,983	$	105,089	$	183,301	$	196,845