Segment Information

9 Months Ended

Oct. 01, 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 Nine Months Ended
	October 1, 2016			September 26, 2015			October 1, 2016			September 26, 2015
Net sales:
Envelope	$	212,578		$	218,454		$	654,115		$	664,003
Print	121,739			123,875			360,879			360,520
Label	71,638			77,454			227,763			238,296
Total	$	405,955		$	419,783		$	1,242,757		$	1,262,819
Operating income (loss):
Envelope	$	16,832		$	17,746		$	51,604		$	49,297
Print	5,446			1,541			10,756			6,207
Label	6,764			10,146			23,373			31,000
Corporate	(8,169		)	(9,917		)	(26,276		)	(27,533		)
Total	$	20,873		$	19,516		$	59,457		$	58,971
Restructuring and other charges:
Envelope	$	496		$	181		$	1,202		$	3,318
Print	477			4,473			1,319			6,340
Label	36			281			4,132			479
Corporate	1,405			548			1,631			1,392
Total	$	2,414		$	5,483		$	8,284		$	11,529
Depreciation and intangible asset amortization:
Envelope	$	4,717		$	4,775		$	14,299		$	14,608
Print	4,443			4,137			13,505			12,573
Label	1,572			2,006			5,360			6,000
Corporate	957			717			2,381			2,452
Total	$	11,689		$	11,635		$	35,545		$	35,633
Intercompany sales:
Envelope	$	1,843		$	1,531		$	5,259		$	4,674
Print	5,674			4,611			15,939			12,535
Label	716			1,342			2,306			3,010
Total	$	8,233		$	7,484		$	23,504		$	20,219

	October 1, 2016		January 2, 2016
Total assets:
Envelope	$	406,538	$	445,443
Print	257,705		266,074
Label	214,320		223,534
Corporate	33,674		35,558
Assets of discontinued operations	—		111,417
Total	$	912,237	$	1,082,026