Segment Information

3 Months Ended

Mar. 28, 2015

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
	March 28, 2015			March 29, 2014
Net sales:
Envelope	$	227,410		$	241,671
Print	128,166			128,397
Label and Packaging	119,529			120,051
Total	$	475,105		$	490,119
Operating income (loss):
Envelope	$	14,840		$	9,806
Print	2,373			1,240
Label and Packaging	9,405			10,193
Corporate	(8,423		)	(11,167		)
Total	$	18,195		$	10,072
Restructuring and other charges:
Envelope	$	2,792		$	3,017
Print	1,037			2,006
Label and Packaging	423			291
Corporate	102			633
Total	$	4,354		$	5,947
Depreciation and intangible asset amortization:
Envelope	$	4,903		$	5,154
Print	4,452			5,700
Label and Packaging	4,363			3,876
Corporate	970			1,331
Total	$	14,688		$	16,061
Net sales by product line:
Envelope	$	227,410		$	241,671
Print	128,166			128,397
Label	80,167			78,686
Packaging	39,362			41,365
Total	$	475,105		$	490,119
Intercompany sales:
Envelope	$	1,812		$	1,532
Print	3,864			1,188
Label and Packaging	2,339			2,176
Total	$	8,015		$	4,896

	March 28, 2015		December 27, 2014
Total assets:
Envelope	$	440,746	$	449,819
Print	286,033		291,892
Label and Packaging	353,550		355,325
Corporate	55,178		60,855
Total	$	1,135,507	$	1,157,891