Segment Information

12 Months Ended

Jan. 02, 2016

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.

Prior to the disposition of the Packaging Business, the Company operated four operating segments: envelope, print, label and packaging. Based upon similar economic characteristics and management reporting, the Company previously aggregated the label and packaging operating segments to have a total of three reportable segments: envelope, print and label and 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
	2015			2014			2013
Net sales:
Envelope	$	908,718		$	929,518		$	749,898
Print	510,974			507,913			501,534
Label	322,087			323,884			337,270
Total	$	1,741,779		$	1,761,315		$	1,588,702
Operating income (loss):
Envelope	$	66,424		$	29,602		$	39,775
Print	15,122			16,908			(8,902		)
Label	39,533			38,310			38,182
Corporate	(37,286		)	(42,046		)	(37,014		)
Total	$	83,793		$	42,774		$	32,041
Restructuring and other charges:
Envelope	$	3,500		$	14,181		$	5,476
Print	6,853			3,091			4,289
Label	486			157			633
Corporate	1,737			4,097			2,188
Total	$	12,576		$	21,526		$	12,586
Impairment of intangible assets:
Envelope	$	—		$	—		$	—
Print	—			—			24,493
Label	—			—			—
Corporate	—			—			—
Total	$	—		$	—		$	24,493
Depreciation and intangible asset amortization:
Envelope	$	20,318		$	19,616		$	16,407
Print	17,424			21,146			19,808
Label	8,584			7,420			8,035
Corporate	3,363			4,788			4,981
Total	$	49,689		$	52,970		$	49,231
Capital expenditures:
Envelope	$	7,480		$	17,267		$	7,221
Print	9,240			6,008			6,172
Label	3,678			3,224			5,411
Corporate	5,530			5,823			5,541
Total	$	25,928		$	32,322		$	24,345
Intercompany sales:
Envelope	$	6,357		$	6,114		$	4,178
Print	17,627			15,239			4,871
Label	4,297			4,153			3,245
Total	$	28,281		$	25,506		$	12,294

	2015		2014
Total assets:
Envelope	$	445,443	$	449,819
Print	266,074		277,564
Label	223,534		230,806
Corporate	33,447		38,350
Assets of discontinued operations	111,417		139,182
Total	$	1,079,915	$	1,135,721

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

	2015		2014		2013
Net sales:
U.S.	$	1,735,921	$	1,754,947	$	1,571,004
Foreign	5,858		6,368		17,698
Total	$	1,741,779	$	1,761,315	$	1,588,702
			2015		2014
Long-lived assets (property, plant and equipment, goodwill and intangible assets):
U.S.			$	510,205	$	534,787
Foreign			6,161		6,597
Total			$	516,366	$	541,384