Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

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, 2023
Net sales	$	579,932	$	670,096	$	168,253	$	—	$	1,418,281
Adjusted EBIT	82,936		52,400		20,034		(5,966)		149,404
Depreciation	24,759		17,988		8,835		40		51,622
Three months ended March 31, 2022
Net sales	$	597,927	$	650,726	$	193,233	$	—	$	1,441,886
Adjusted EBIT	96,528		32,951		23,364		(6,624)		146,219
Depreciation	24,661		20,731		8,743		42		54,177

Reconciliation of Adjusted EBIT to Income before Income Taxes

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

	2023		2022
	(Dollars in thousands)
Total adjusted EBIT	$	149,404	$	146,219
Less:
Acquired intangible asset amortization expense	13,221		13,430
Other pension expense (income) for U.S. pension plans	834		(11,982)
Rationalization charges	4,121		1,379
Income before interest and income taxes	131,228		143,392
Less interest and other debt expense	36,766		30,830
Income before income taxes	$	94,462	$	112,562