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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2020
SEGMENT INFORMATION  
Financial information regarding the Company's reportable segments

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Three Months Ended June 30,

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Six Months Ended June 30,

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​

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2020

​

2019

    

2020

​

2019

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Total Sales:

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​

​

​

​

​

​

​

​

​

​

​

​

Beauty + Home

​

$

306,469

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$

349,253

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$

636,935

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$

722,756

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Pharma

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303,885

​

 

284,577

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603,475

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559,071

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Food + Beverage

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99,023

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119,095

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199,324

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223,822

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Total Sales

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​

709,377

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​

752,925

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$

1,439,734

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$

1,505,649

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Less: Intersegment Sales:

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Beauty + Home

​

$

6,683

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$

7,173

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$

12,589

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$

13,017

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Pharma

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2,626

​

 

2,638

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5,020

​

 

4,431

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Food + Beverage

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763

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453

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1,267

​

 

1,080

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Total Intersegment Sales

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$

10,072

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$

10,264

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$

18,876

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$

18,528

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Net Sales:

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Beauty + Home

​

$

299,786

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$

342,080

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$

624,346

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$

709,739

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Pharma

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301,259

​

 

281,939

​

 

598,455

​

 

554,640

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Food + Beverage

​

 

98,260

​

 

118,642

​

 

198,057

​

 

222,742

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Net Sales

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$

699,305

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$

742,661

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$

1,420,858

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$

1,487,121

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Adjusted EBITDA (1):

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​

​

​

​

​

​

​

​

​

​

​

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Beauty + Home

​

$

23,974

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$

48,745

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$

58,221

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$

101,936

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Pharma

​

 

104,099

​

 

101,428

​

 

212,441

​

 

198,785

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Food + Beverage

​

 

17,785

​

 

20,944

​

 

33,192

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37,635

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Corporate & Other, unallocated

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(9,279)

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(10,630)

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(23,107)

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(23,385)

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Acquisition-related costs (2)

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(3,592)

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(1,059)

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(5,866)

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(1,059)

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Restructuring Initiatives (3)

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(7,331)

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(1,737)

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(12,170)

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(11,267)

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Depreciation and amortization

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(56,429)

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(47,867)

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(107,235)

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(95,356)

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Interest Expense

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​

(8,734)

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(8,756)

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(17,122)

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(17,970)

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Interest Income

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175

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1,033

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350

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2,781

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Income before Income Taxes

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$

60,668

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$

102,101

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$

138,704

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$

192,100

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(1)We evaluate performance of our reporting segments and allocate resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, unallocated corporate expenses, restructuring and acquisition-related costs.
(2)Acquisition-related costs include transaction costs and purchase accounting adjustments related to acquisitions and investments (see Note 17 – Acquisitions and Note 18 – Investment in Equity Securities for further details).
(3)Restructuring Initiatives includes expense items for the three and six months ended June 30, 2020 and 2019 as follows (see Note 19 – Restructuring Initiatives for further details):

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Three Months Ended June 30,

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Six Months Ended June 30,

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2020

    

2019

    

2020

    

2019

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Restructuring Initiatives by Segment

​

​

​

​

​

​

​

​

​

​

​

​

​

Beauty + Home

​

$

7,324

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$

1,259

​

$

12,231

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$

9,528

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Pharma

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(111)

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(113)

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(142)

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213

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Food + Beverage

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75

​

 

112

​

 

178

​

 

622

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Corporate & Other

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​

43

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​

479

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(97)

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​

904

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Total Restructuring Initiatives

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$

7,331

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$

1,737

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$

12,170

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$

11,267

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Restructuring Initiatives

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​

​

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​

​

​

​

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Three Months Ended June 30,

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Six Months Ended June 30,

​

​

​

2020

    

2019

    

2020

    

2019

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Restructuring Initiatives by Segment

​

​

​

​

​

​

​

​

​

​

​

​

​

Beauty + Home

​

$

7,324

​

$

1,259

​

$

12,231

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$

9,528

​

Pharma

​

 

(111)

​

 

(113)

​

 

(142)

​

 

213

​

Food + Beverage

​

 

75

​

 

112

​

 

178

​

 

622

​

Corporate & Other

​

​

43

​

​

479

​

​

(97)

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​

904

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Total Restructuring Initiatives

​

$

7,331

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$

1,737

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$

12,170

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$

11,267

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