Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Reportable segment information was as follows:

	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended September 30, 2021
Net sales	$	533,329	$	942,125	$	175,616	$	—	$	1,651,070
Depreciation and amortization(1)	30,830		21,231		10,072		38		62,171
Rationalization charges	406		1,822		87		—		2,315
Segment income	60,090		94,271		22,704		(9,148)		167,917
Three Months Ended September 30, 2020
Net sales	$	475,105	$	856,660	$	156,734	$	—	$	1,488,499
Depreciation and amortization(1)	27,777		21,008		9,207		39		58,031
Rationalization charges	787		1,639		79		—		2,505
Segment income	64,161		94,497		21,887		(6,512)		174,033
Nine Months Ended September 30, 2021
Net sales	$	1,588,449	$	2,120,740	$	528,652	$	—	$	4,237,841
Depreciation and amortization(1)	88,821		63,809		29,077		119		181,826
Rationalization charges	5,704		7,068		254		—		13,026
Segment income	199,571		198,520		74,434		(25,105)		447,420
Nine Months Ended September 30, 2020
Net sales	$	1,242,725	$	1,962,370	$	490,258	$	—	$	3,695,353
Depreciation and amortization(1)	69,927		62,034		28,046		120		160,127
Rationalization charges	2,229		4,755		263		—		7,247
Segment income	167,971		213,757		66,918		(41,238)		407,408

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(1)Depreciation and amortization excludes amortization of debt discount and debt issuance costs of $1.4 million and $1.2 million for the three months ended September 30, 2021 and 2020, respectively and $4.1 million and $3.3 million for the nine months ended September 30, 2021 and 2020, respectively.

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

	Three Months Ended				Nine Months Ended
	Sept. 30, 2021		Sept. 30, 2020		Sept. 30, 2021		Sept. 30, 2020
	(Dollars in thousands)
Total segment income	$	167,917	$	174,033	$	447,420	$	407,408
Interest and other debt expense	27,039		27,725		80,751		78,532
Income before income taxes	$	140,878	$	146,308	$	366,669	$	328,876

Sales and segment income of part of our Dispensing and Specialty Closures segment and our Metal Container segment 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 segment income during that quarter.