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Segments
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segments
Segments

In the fourth quarter of 2015, we revised our reporting segments. Under the new structure, our U.S. and Canada glass tableware business is combined with our U.S. and Canada sourcing business in order to be consistent with the way we manage and report our other segments. Our reporting segments continue to align with our regionally focused organizational structure, which we believe enables us to better serve customers across the globe. We now report financial results for U.S. and Canada; Latin America; Europe, the Middle East and Africa (EMEA); and Other. Sales and segment EBIT continue to reflect end market reporting pursuant to which sales and related costs are included in segment EBIT based on the geographical destination of the sale. The revised 2015 segment results do not affect any previously reported consolidated financial results. Our three reportable segments are defined below. Our operating segment that does not meet the criteria to be a reportable segment is disclosed as Other.

U.S. & Canada—includes sales of manufactured and sourced tableware 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.

Latin America—includes primarily 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.

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

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

Our measure of profit for our reportable segments is Segment Earnings before Interest and Taxes (Segment EBIT) 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. We use Segment EBIT, along with net sales and selected cash flow information, to evaluate performance and to allocate resources. Segment EBIT for reportable segments includes an allocation of some corporate expenses based on the costs of services performed.

Certain activities not related to any particular reportable segment are reported within retained corporate costs. These costs include certain headquarter, administrative and facility costs, and other costs that are global in nature and are not allocable to the reporting segments.

The accounting policies of the reportable segments are the same as those described in note 2. We do not have any customers who represent 10 percent or more of total sales. Inter-segment sales are consummated at arm’s length and are reflected at end market reporting below.
 
Three months ended June 30,
 
Six months ended June 30,
(dollars in thousands)
2016
 
2015
 
2016
 
2015
Net Sales:
 
 
 
 
 
 
 
U.S. & Canada
$
126,167

 
$
127,435

 
$
239,268

 
$
237,354

Latin America
40,619

 
44,614

 
74,839

 
84,466

EMEA
31,268

 
32,126

 
57,896

 
60,635

Other
9,848

 
9,876

 
18,706

 
18,961

Consolidated
$
207,902

 
$
214,051

 
$
390,709

 
$
401,416

 
 
 
 
 
 
 
 
Segment EBIT:
 
 
 
 
 
 
 
U.S. & Canada
$
24,927

 
$
25,315

 
$
38,239

 
$
36,175

Latin America
7,800

 
5,003

 
12,140

 
12,091

EMEA
(97
)
 
1,786

 
(1,042
)
 
1,020

Other
859

 
1,076

 
1,277

 
2,946

Total Segment EBIT
$
33,489

 
$
33,180

 
$
50,614

 
$
52,232

 
 
 
 
 
 
 
 
Reconciliation of Segment EBIT to Net Income:
 
 
 
 
 
 
 
Segment EBIT
$
33,489

 
$
33,180

 
$
50,614

 
$
52,232

Retained corporate costs
(7,050
)
 
(9,162
)
 
(13,774
)
 
(18,657
)
Pension settlement
(212
)
 
—

 
(212
)
 
—

Environmental obligation (note 13)
—

 
(223
)
 
—

 
(223
)
Reorganization charges (1)
—

 
(3,015
)
 
—

 
(3,015
)
Derivatives (2)
769

 
566

 
1,139

 
167

Product portfolio optimization (3)
(6,784
)
 
—

 
(6,784
)
 
—

Executive terminations
328

 
—

 
(4,619
)
 
(235
)
Interest expense
(5,154
)
 
(4,538
)
 
(10,398
)
 
(9,061
)
Income taxes
(6,691
)
 
(2,414
)
 
(6,553
)
 
(3,702
)
Net income
$
8,695

 
$
14,394

 
$
9,413

 
$
17,506

 
 
 
 
 
 
 
 
Depreciation & Amortization:
 
 
 
 
 
 
 
U.S. & Canada
$
3,379

 
$
2,987

 
$
6,835

 
$
5,779

Latin America
4,516

 
3,430

 
9,058

 
6,715

EMEA
3,617

 
2,137

 
5,775

 
4,314

Other
1,409

 
1,481

 
2,837

 
2,972

Corporate
433

 
434

 
930

 
873

Consolidated
$
13,354

 
$
10,469

 
$
25,435

 
$
20,653

 
 
 
 
 
 
 
 
Capital Expenditures:
 
 
 
 
 
 
 
U.S. & Canada
$
2,154

 
$
9,931

 
$
5,993

 
$
20,768

Latin America
1,380

 
4,329

 
3,676

 
8,010

EMEA
889

 
1,338

 
3,107

 
2,775

Other
895

 
357

 
1,590

 
540

Corporate
338

 
622

 
1,145

 
1,143

Consolidated
$
5,656

 
$
16,577

 
$
15,511

 
$
33,236


________________________
(1) Management reorganization to support our growth strategy.
(2) Derivatives relate to hedge ineffectiveness on our natural gas contracts, 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.
(3) Product portfolio optimization relates to inventory reductions to simplify and improve our operations.