Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2015

Reconciliation from Segment Totals to Consolidated



Year ended December 31, (dollars in thousands)	2015			2014			2013
Net Sales:
U.S. & Canada	$	497,728		$	482,094		$	459,575
Latin America	167,069			190,079			179,567
EMEA	122,664			147,587			146,455
Other	34,884			32,732			33,214
Consolidated	$	822,345		$	852,492		$	818,811

Segment EBIT:
U.S. & Canada	$	80,406		$	72,546		$	76,445
Latin America	22,017			32,909			33,841
EMEA	1,251			5,726			874
Other	4,390			2,378			3,374
Total Segment EBIT	$	108,064		$	113,559		$	114,534

Reconciliation of Segment EBIT to Net Income:
Segment EBIT	$	108,064		$	113,559		$	114,534
Retained corporate costs	(34,645		)	(30,558		)	(21,653		)
Loss on redemption of debt (note 6)	—			(47,191		)	(2,518		)
Pension settlement charges (note 9)	(21,693		)	(774		)	(2,252		)
Furnace malfunction (note 18)	—			4,782			(4,428		)
Environmental obligation (note 18)	(157		)	(315		)	—
Restructuring charges (note 7)	—			(985		)	(6,544		)
Reorganization charges ⁽¹⁾	(4,316		)	—			—
Derivatives⁽²⁾	218			(1,247		)	(916		)
Abandoned property (note 18)	—			—			(1,781		)
Executive termination	(870		)	(875		)	(736		)
Interest expense	(18,484		)	(22,866		)	(32,006		)
(Provision) benefit for income taxes	38,216			(8,567		)	(13,241		)
Net income	$	66,333		$	4,963		$	28,459

Depreciation & Amortization:
U.S. & Canada	$	12,214		$	10,319		$	12,685
Latin America	14,738			12,562			12,301
EMEA	8,510			10,061			10,449
Other	5,855			6,179			7,275
Corporate	1,395			1,267			1,259
Consolidated	$	42,712		$	40,388		$	43,969

Capital Expenditures:
U.S. & Canada	$	25,106		$	21,927		$	9,022
Latin America	11,944			22,517			22,412
EMEA	6,773			6,471			7,787
Other	1,855			1,983			7,437
Corporate	2,458			1,495			2,749
Consolidated	$	48,136		$	54,393		$	49,407

______________________________

⁽¹⁾ Management reorganization to support our growth strategy.

⁽²⁾ Derivatives relate to hedge ineffectiveness on our natural gas contracts and interest rate swap, as well as, mark-to-market adjustments on our natural gas contracts that have been de-designated and those for which we did not elect hedge accounting.



December 31, (dollars in thousands)	2015		2014		2013
Segment Assets⁽¹⁾:
U.S. & Canada	$	140,840	$	129,676	$	115,184
Latin America	68,599		66,726		70,149
EMEA	48,924		48,557		50,115
Other	14,043		15,975		17,222
Consolidated	$	272,406	$	260,934	$	252,670

______________________________

⁽¹⁾ Segment assets are defined as net accounts receivable, excluding insurance claim receivable resulting from the furnace malfunction, plus net inventory.

Schedule of Net Sales to Customers and Long-Lived Assets, by Geographical Areas

Net sales to customers and long-lived assets located in the U.S., Mexico, and Other regions for 2015, 2014 and 2013 are presented below. Intercompany sales to affiliates represent products that are transferred to those geographic areas on a basis intended to reflect as nearly as possible the market value of the products. The long-lived assets include net property, plant and equipment.



(dollars in thousands)	United States		Mexico		All Other		Eliminations			Consolidated
2015
Net sales:
Customers	$	488,582	$	107,386	$	226,377				$	822,345
Intercompany	68,388		11,573		37,612		$	(117,573	)	—
Total net sales	$	556,970	$	118,959	$	263,989	$	(117,573	)	$	822,345
Long-lived assets	$	94,206	$	93,573	$	84,755	$	—		$	272,534

2014
Net sales:
Customers	$	465,820	$	126,699	$	259,973				$	852,492
Intercompany	80,525		14,960		35,058		$	(130,543	)	—
Total net sales	$	546,345	$	141,659	$	295,031	$	(130,543	)	$	852,492
Long-lived assets	$	82,702	$	97,960	$	97,316	$	—		$	277,978

2013
Net sales:
Customers	$	444,176	$	125,752	$	248,883				$	818,811
Intercompany	51,521		12,747		22,423		$	(86,691	)	—
Total net sales	$	495,697	$	138,499	$	271,306	$	(86,691	)	$	818,811
Long-lived assets	$	68,114	$	84,703	$	112,845	$	—		$	265,662

Selected Quarterly Financial Data - Reconciliation from Segment Totals to Consolidated

The following table contains 2015 segment information by quarter on an end market basis presented to conform with our new segment structure effective in the fourth quarter of 2015.



	2015 Quarter Ending
(dollars in thousands)	March 31			June 30		September 30		December 31			Total 2015
Net Sales:
U.S. & Canada ⁽¹⁾	$	109,919		$	127,435	$	120,600	$	139,774		$	497,728
Latin America ⁽²⁾	39,852			44,614		42,372		40,231			167,069
EMEA ⁽³⁾	28,509			32,126		30,572		31,457			122,664
Other ⁽⁴⁾	9,085			9,876		8,240		7,683			34,884
Consolidated	$	187,365		$	214,051	$	201,784	$	219,145		$	822,345

Segment EBIT ⁽⁵⁾:
U.S. & Canada ⁽¹⁾	$	10,860		$	25,315	$	20,842	$	23,389		$	80,406
Latin America ⁽²⁾	7,088			5,003		6,280		3,646			22,017
EMEA ⁽³⁾	(766		)	1,786		254		(23		)	1,251
Other ⁽⁴⁾	1,870			1,076		905		539			4,390
Total Segment EBIT	$	19,052		$	33,180	$	28,281	$	27,551		$	108,064

Depreciation & Amortization:
U.S. & Canada ⁽¹⁾	$	2,792		$	2,987	$	3,010	$	3,425		$	12,214
Latin America ⁽²⁾	3,285			3,430		3,662		4,361			14,738
EMEA ⁽³⁾	2,177			2,137		2,131		2,065			8,510
Other ⁽⁴⁾	1,491			1,481		1,462		1,421			5,855
Corporate	439			434		368		154			1,395
Consolidated	$	10,184		$	10,469	$	10,633	$	11,426		$	42,712

Capital Expenditures:
U.S. & Canada ⁽¹⁾	$	10,837		$	9,931	$	2,666	$	1,672		$	25,106
Latin America ⁽²⁾	3,681			4,329		3,160		774			11,944
EMEA ⁽³⁾	1,437			1,338		1,726		2,272			6,773
Other ⁽⁴⁾	183			357		451		864			1,855
Corporate	521			622		241		1,074			2,458
Consolidated	$	16,659		$	16,577	$	8,244	$	6,656		$	48,136

⁽¹⁾U.S. & Canada—includes worldwide sales of manufactured and sourced glass tableware and sourced ceramic dinnerware, metal tableware, hollowware and serveware having an end market destination in the U.S and Canada excluding glass products for Original Equipment Manufacturers (OEM), which remain in the Latin America segment.

⁽²⁾Latin America—includes primarily worldwide sales of manufactured and sourced glass tableware having an end market destination in Latin America including glass products for OEMs that have an end market destination outside of Latin America.

⁽³⁾EMEA—includes primarily worldwide sales of manufactured and sourced glass tableware having an end market destination in Europe, the Middle East and Africa.

⁽⁴⁾Other—includes primarily worldwide sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific.

⁽⁵⁾Segment EBIT represents earnings before interest and taxes and excludes amounts related to certain items we consider not representative of ongoing operations as well as certain retained corporate costs and other allocations that are not considered by management when evaluating performance.