Segment Information

6 Months Ended

Jul. 01, 2017

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.

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

	For the Three Months Ended						For the Six Months Ended
	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Net sales:
Envelope	$	181,180		$	212,277		$	383,019		$	441,537
Print	105,946			120,665			217,591			252,970
Label	67,856			77,111			136,285			156,125
Total	$	354,982		$	410,053		$	736,895		$	850,632
Operating income (loss):
Envelope	$	9,995		$	17,213		$	24,446		$	34,772
Print	1,765			1,933			(3,061		)	5,310
Label	6,319			11,901			15,721			16,609
Corporate	(6,721		)	(9,477		)	(15,714		)	(18,107		)
Total	$	11,358		$	21,570		$	21,392		$	38,584
Restructuring and other charges (benefits):
Envelope	$	1,512		$	191		$	2,721		$	706
Print	1,521			534			8,166			842
Label	1,250			(59		)	853			4,096
Corporate	133			214			856			226
Total	$	4,416		$	880		$	12,596		$	5,870
Depreciation and intangible asset amortization:
Envelope	$	4,719		$	4,818		$	9,466		$	9,582
Print	4,559			4,807			9,166			9,062
Label	1,798			1,442			3,452			3,788
Corporate	872			759			1,659			1,424
Total	$	11,948		$	11,826		$	23,743		$	23,856
Intercompany sales:
Envelope	$	1,296		$	1,559		$	2,796		$	3,416
Print	4,958			5,450			10,224			10,265
Label	495			618			1,160			1,590
Total	$	6,749		$	7,627		$	14,180		$	15,271

	July 1, 2017		December 31, 2016
Total assets:
Envelope	$	389,376	$	403,157
Print	228,301		256,888
Label	211,837		216,627
Corporate	39,888		36,287
Total	$	869,402	$	912,959