Segment Information

12 Months Ended

Dec. 28, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates four operating segments: envelope, print, label and packaging. Based upon similar economic characteristics and management reporting, the Company has aggregated the label and packaging operating segment to have a total of three reportable segments - envelope, print and label and packaging. The envelope segment provides direct mail offerings and transactional and stock envelopes. The print segment provides a wide array of print offerings such as high-end printed materials including car brochures, advertising literature, corporate identity and brand marketing material, digital printing and content management. The label and packaging segment specializes in the design, manufacturing and printing of labels such as custom labels, overnight packaging labels, pressure-sensitive prescription labels and high quality packaging offerings, full body shrink sleeves, and specialized folded carton packaging.

Operating income (loss) of each segment includes all costs and expenses directly related to the segment's operations. Corporate expenses include corporate general and administrative expenses including stock-based compensation.

Corporate identifiable assets primarily consist of cash and cash equivalents, miscellaneous receivables, deferred financing fees, deferred tax assets and other assets.

The following tables present certain segment information (in thousands):

	For The Years Ended
	2013			2012			2011
Net sales:
Envelope	$	749,898		$	658,217		$	706,596
Print	529,760			585,632			626,994
Label and packaging	498,150			494,444			510,781
Total	$	1,777,808		$	1,738,293		$	1,844,371
Operating income (loss):
Envelope	$	39,775		$	45,485		$	46,838
Print	(6,042		)	32,845			43,709
Label and packaging	32,644			54,666			57,768
Corporate	(37,014		)	(31,811		)	(43,153		)
Total	$	29,363		$	101,185		$	105,162
Restructuring and other charges:
Envelope	$	5,476		$	6,161		$	6,261
Print	4,289			18,089			8,929
Label and packaging	1,147			2,014			1,983
Corporate	2,188			836			639
Total	$	13,100		$	27,100		$	17,812
Depreciation and intangible asset amortization:
Envelope	$	16,407		$	16,986		$	17,300
Print	20,894			21,333			22,769
Label and packaging	18,214			18,012			19,301
Corporate	4,981			4,327			3,178
Total	$	60,496		$	60,658		$	62,548
Capital expenditures:
Envelope	$	7,221		$	1,402		$	2,203
Print	6,868			8,145			5,685
Label and packaging	9,605			4,374			2,674
Corporate	5,541			6,642			5,010
Total	$	29,235		$	20,563		$	15,572
Net sales by product line:
Envelope	$	749,898		$	658,217		$	706,596
Print	529,760			585,632			626,994
Label	337,270			331,543			334,671
Packaging	160,880			162,903			176,110
Total	$	1,777,808		$	1,738,293		$	1,844,371
Intercompany sales:
Envelope	$	4,178		$	8,676		$	6,636
Print	4,579			3,097			5,846
Label and packaging	10,560			11,688			9,931
Total	$	19,317		$	23,461		$	22,413

	2013		2012
Total assets:
Envelope	$	472,334	$	376,224
Print	320,720		378,129
Label and packaging	356,183		370,437
Corporate	64,467		75,765
Total	$	1,213,704	$	1,200,555

Geographic information is as follows as of and for the years ended (in thousands):

	2013		2012		2011
Net sales:
US	$	1,705,043	$	1,655,589	$	1,748,277
Foreign	72,765		82,704		96,094
Total	$	1,777,808	$	1,738,293	$	1,844,371
			2013		2012
Long-lived assets (property, plant and equipment, goodwill and intangible assets):
US			$	634,212	$	636,182
Foreign			25,880		35,510
Total			$	660,092	$	671,692