Segment Information

9 Months Ended

Sep. 26, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates three operating and reportable segments: envelope, print and label. 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 segment specializes in the design, manufacturing and printing of labels such as custom labels, overnight packaging labels and pressure-sensitive prescription labels.

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. Assets of discontinued operations primarily consist of assets of the Packaging Business.

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

	For the Three Months Ended						For the Nine Months Ended
	September 26, 2015			September 27, 2014			September 26, 2015			September 27, 2014
Net sales:
Envelope	$	218,454		$	227,069		$	664,003		$	698,333
Print	123,875			127,034			360,520			366,807
Label	77,454			81,492			238,296			242,653
Total	$	419,783		$	435,595		$	1,262,819		$	1,307,793
Operating income (loss):
Envelope	$	17,746		$	4,328		$	49,297		$	23,466
Print	1,541			6,340			6,207			11,079
Label	10,146			9,691			31,000			30,065
Corporate	(9,917		)	(10,126		)	(27,533		)	(33,067		)
Total	$	19,516		$	10,233		$	58,971		$	31,543
Restructuring and other charges:
Envelope	$	181		$	3,440		$	3,318		$	12,075
Print	4,473			(121		)	6,340			2,483
Label	281			45			479			129
Corporate	548			2,032			1,392			3,451
Total	$	5,483		$	5,396		$	11,529		$	18,138
Depreciation and intangible asset amortization:
Envelope	$	4,775		$	4,556		$	14,608		$	14,844
Print	4,137			5,166			12,573			16,506
Label	2,006			1,837			6,000			5,485
Corporate	717			1,180			2,452			3,710
Total	$	11,635		$	12,739		$	35,633		$	40,545
Intercompany sales:
Envelope	$	1,531		$	1,966		$	4,674		$	4,725
Print	4,611			3,669			12,535			11,334
Label	1,342			907			3,010			3,163
Total	$	7,484		$	6,542		$	20,219		$	19,222

	September 26, 2015		December 27, 2014
Total assets:
Envelope	$	439,897	$	449,819
Print	276,683		277,564
Label	229,302		230,806
Corporate	55,483		60,520
Assets of discontinued operations	134,350		139,182
Total	$	1,135,715	$	1,157,891