Segment Information

6 Months Ended

Jul. 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						For the Six Months Ended
	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Net sales:
Envelope	$	212,277		$	218,139		$	441,537		$	445,549
Print	114,653			114,545			239,140			236,645
Label	77,111			80,675			156,125			160,842
Total	$	404,041		$	413,359		$	836,802		$	843,036
Operating income (loss):
Envelope	$	17,213		$	16,711		$	34,772		$	31,551
Print	1,933			2,987			5,310			4,666
Label	11,901			11,150			16,609			20,854
Corporate	(9,477		)	(9,193		)	(18,107		)	(17,616		)
Total	$	21,570		$	21,655		$	38,584		$	39,455
Restructuring and other charges:
Envelope	$	191		$	345		$	706		$	3,137
Print	534			830			842			1,867
Label	(59		)	60			4,096			198
Corporate	214			742			226			844
Total	$	880		$	1,977		$	5,870		$	6,046
Depreciation and intangible asset amortization:
Envelope	$	4,818		$	4,930		$	9,582		$	9,833
Print	4,807			4,190			9,062			8,436
Label	1,442			2,155			3,788			3,994
Corporate	759			765			1,424			1,735
Total	$	11,826		$	12,040		$	23,856		$	23,998
Intercompany sales:
Envelope	$	1,559		$	1,331		$	3,416		$	3,143
Print	5,450			4,143			10,265			7,924
Label	618			907			1,590			1,668
Total	$	7,627		$	6,381		$	15,271		$	12,735

	July 2, 2016		January 2, 2016
Total assets:
Envelope	$	407,763	$	445,443
Print	244,611		266,074
Label	213,053		223,534
Corporate	35,327		33,447
Assets of discontinued operations	—		111,417
Total	$	900,754	$	1,079,915