Segment Information

3 Months Ended

Apr. 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. 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
	April 2, 2016			March 28, 2015
Net sales:
Envelope	$	229,260		$	227,410
Print	124,487			122,100
Label	79,014			80,167
Total	$	432,761		$	429,677
Operating income (loss):
Envelope	$	17,559		$	14,840
Print	3,377			1,679
Label	4,708			9,704
Corporate	(8,630		)	(8,423		)
Total	$	17,014		$	17,800
Restructuring and other charges:
Envelope	$	515		$	2,792
Print	308			1,037
Label	4,155			138
Corporate	12			102
Total	$	4,990		$	4,069
Depreciation and intangible asset amortization:
Envelope	$	4,764		$	4,903
Print	4,255			4,246
Label	2,346			1,839
Corporate	665			970
Total	$	12,030		$	11,958
Intercompany sales:
Envelope	$	1,857		$	1,812
Print	4,815			3,781
Label	972			761
Total	$	7,644		$	6,354

	April 2, 2016		January 2, 2016
Total assets:
Envelope	$	418,295	$	445,443
Print	256,996		266,074
Label	220,227		223,534
Corporate	34,529		33,447
Assets of discontinued operations	913		111,417
Total	$	930,960	$	1,079,915