Segment Information

9 Months Ended

Sep. 27, 2014

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 segments 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, 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 Three Months Ended						For the Nine Months Ended
	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
Net sales:
Envelope	$	227,069		$	177,717		$	698,333		$	505,474
Print	133,306			140,331			386,689			389,130
Label and Packaging	120,201			124,733			365,083			373,331
Total	$	480,576		$	442,781		$	1,450,105		$	1,267,935
Operating income (loss):
Envelope	$	4,328		$	8,119		$	23,466		$	27,254
Print	6,866			6,874			12,847			9,899
Label and Packaging	8,262			9,245			29,503			33,697
Corporate	(10,126		)	(7,714		)	(33,067		)	(25,806		)
Total	$	9,330		$	16,524		$	32,749		$	45,044
Restructuring and other charges:
Envelope	$	3,440		$	890		$	12,075		$	3,565
Print	(121		)	1,536			2,483			3,679
Label and Packaging	220			737			847			939
Corporate	2,032			174			3,451			2,060
Total	$	5,571		$	3,337		$	18,856		$	10,243
Depreciation and intangible asset amortization:
Envelope	$	4,556		$	3,601		$	14,844		$	10,850
Print	5,530			4,807			17,282			15,955
Label and Packaging	4,370			4,638			12,660			13,739
Corporate	1,180			1,004			3,710			3,740
Total	$	15,636		$	14,050		$	48,496		$	44,284
Net sales by product line:
Envelope	$	227,069		$	177,717		$	698,333		$	505,474
Print	133,306			140,331			386,689			389,130
Label	81,492			84,494			242,653			252,011
Packaging	38,709			40,239			122,430			121,320
Total	$	480,576		$	442,781		$	1,450,105		$	1,267,935
Intercompany sales:
Envelope	$	1,966		$	1,145		$	4,725		$	3,134
Print	3,673			609			11,385			3,431
Label and Packaging	3,957			3,372			8,080			7,064
Total	$	9,596		$	5,126		$	24,190		$	13,629

	September 27, 2014		December 28, 2013
Total assets:
Envelope	$	454,626	$	472,334
Print	306,897		320,720
Label and Packaging	375,740		356,183
Corporate	69,103		64,467
Total	$	1,206,366	$	1,213,704