Segment Information

6 Months Ended

Jun. 27, 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						For the Six Months Ended
	June 27, 2015			June 28, 2014			June 27, 2015			June 28, 2014
Net sales:
Envelope	$	218,139		$	229,593		$	445,549		$	471,264
Print	121,518			124,986			249,684			253,383
Label and Packaging	121,200			124,831			240,729			244,882
Total	$	460,857		$	479,410		$	935,962		$	969,529
Operating income (loss):
Envelope	$	16,711		$	9,332		$	31,551		$	19,138
Print	3,755			4,741			6,128			5,981
Label and Packaging	11,956			11,048			21,361			21,241
Corporate	(9,193		)	(11,774		)	(17,616		)	(22,941		)
Total	$	23,229		$	13,347		$	41,424		$	23,419
Restructuring and other charges:
Envelope	$	345		$	5,618		$	3,137		$	8,635
Print	830			598			1,867			2,604
Label and Packaging	123			336			546			627
Corporate	742			786			844			1,419
Total	$	2,040		$	7,338		$	6,394		$	13,285
Depreciation and intangible asset amortization:
Envelope	$	4,930		$	5,134		$	9,833		$	10,288
Print	4,391			6,052			8,843			11,752
Label and Packaging	4,682			4,413			9,045			8,290
Corporate	765			1,200			1,735			2,530
Total	$	14,768		$	16,799		$	29,456		$	32,860
Net sales by product line:
Envelope	$	218,139		$	229,593		$	445,549		$	471,264
Print	121,518			124,986			249,684			253,383
Label	80,675			82,475			160,842			161,161
Packaging	40,525			42,356			79,887			83,721
Total	$	460,857		$	479,410		$	935,962		$	969,529
Intercompany sales:
Envelope	$	1,331		$	1,227		$	3,143		$	2,759
Print	4,139			6,525			8,003			7,712
Label and Packaging	2,374			1,946			4,713			4,123
Total	$	7,844		$	9,698		$	15,859		$	14,594

	June 27, 2015		December 27, 2014
Total assets:
Envelope	$	429,186	$	449,819
Print	278,700		291,892
Label and Packaging	355,212		355,325
Corporate	53,855		60,855
Total	$	1,116,953	$	1,157,891