Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Reportable Operating Segment Information

Reportable segment information for the three months ended March 31 was as follows:


	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
Three Months Ended March 31, 2022
Net sales	$	597,927	$	650,726	$	193,233	$	—	$	1,441,886
Depreciation and amortization(1)	36,619		21,064		9,883		42		67,608
Rationalization charges	—		1,274		105		—		1,379
Segment income	87,313		38,009		24,694		(6,624)		143,392

Three Months Ended March 31, 2021
Net sales	$	509,352	$	554,081	$	174,677	$	—	$	1,238,110
Depreciation and amortization(1)	28,890		21,249		9,373		39		59,551
Rationalization charges	5,231		5,021		105		—		10,357
Segment income	65,645		45,614		24,486		(9,196)		126,549

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(1)Depreciation and amortization excludes amortization of debt discount and debt issuance costs of $1.5 million and $1.3 million for the three months ended March 31, 2022 and 2021, respectively.

Reconciliation of Segment Income from Operations to Income before Income Taxes

Total segment income is reconciled to income before income taxes for the three months ended March 31 as follows:




	2022		2021
	(Dollars in thousands)
Total segment income	$	143,392	$	126,549
Interest and other debt expense	30,830		27,306
Income before income taxes	$	112,562	$	99,243