Segment Information

12 Months Ended

Dec. 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 Years Ended
	2014			2013			2012
Net sales:
Envelope	$	929,518		$	749,898		$	658,217
Print	534,033			529,760			585,632
Label and packaging	485,489			498,150			494,444
Total	$	1,949,040		$	1,777,808		$	1,738,293
Operating income (loss):
Envelope	$	29,602		$	39,775		$	45,485
Print	19,192			(6,042		)	32,845
Label and packaging	37,010			32,644			54,666
Corporate	(42,046		)	(37,014		)	(31,811		)
Total	$	43,758		$	29,363		$	101,185
Restructuring and other charges:
Envelope	$	14,181		$	5,476		$	6,161
Print	3,091			4,289			18,089
Label and packaging	1,089			1,147			2,014
Corporate	4,097			2,188			836
Total	$	22,458		$	13,100		$	27,100
Impairment of intangible assets:
Envelope	$	—		$	—		$	—
Print	—			24,493			—
Label and packaging	—			8,874			—
Corporate	—			—			—
Total	$	—		$	33,367		$	—
Depreciation and intangible asset amortization:
Envelope	$	19,616		$	16,407		$	16,986
Print	22,115			20,894			21,333
Label and packaging	17,469			18,214			18,012
Corporate	4,788			4,981			4,327
Total	$	63,988		$	60,496		$	60,658

Capital expenditures:
Envelope	$	17,267	$	7,221	$	1,402
Print	6,541		6,868		8,145
Label and packaging	7,600		9,605		4,374
Corporate	5,823		5,541		6,642
Total	$	37,231	$	29,235	$	20,563
Net sales by product line:
Envelope	$	929,518	$	749,898	$	658,217
Print	534,033		529,760		585,632
Label	323,884		337,270		331,542
Packaging	161,605		160,880		162,902
Total	$	1,949,040	$	1,777,808	$	1,738,293
Intercompany sales:
Envelope	$	6,114	$	4,178	$	8,676
Print	15,329		4,579		3,097
Label and packaging	10,422		10,560		11,688
Total	$	31,865	$	19,317	$	23,461

	2014		2013
Total assets:
Envelope	$	449,819	$	472,334
Print	291,892		320,720
Label and packaging	355,325		356,183
Corporate	60,855		64,467
Total	$	1,157,891	$	1,213,704

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

	2014		2013		2012
Net sales:
US	$	1,883,259	$	1,705,043	$	1,655,589
Foreign	65,781		72,765		82,704
Total	$	1,949,040	$	1,777,808	$	1,738,293
			2014		2013
Long-lived assets (property, plant and equipment, goodwill and intangible assets):
US			$	603,538	$	634,212
Foreign			22,423		25,880
Total			$	625,961	$	660,092