Segment Information

9 Months Ended

Sep. 30, 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 Nine Months Ended
	September 30, 2017			October 1, 2016			September 30, 2017			October 1, 2016
Net sales:
Envelope	$	156,478		$	183,198		$	483,941		$	554,331
Print	109,411			127,839			327,002			380,809
Label	63,622			71,638			199,907			227,763
Total	$	329,511		$	382,675		$	1,010,850		$	1,162,903
Operating income (loss):
Envelope	$	7,699		$	16,118		$	33,834		$	44,058
Print	(3,327		)	5,446			(6,388		)	10,756
Label	4,038			6,764			19,759			23,373
Corporate	(8,904		)	(8,169		)	(24,618		)	(26,276		)
Total	$	(494	)	$	20,159		$	22,587		$	51,911
Restructuring and other charges:
Envelope	$	600		$	408		$	740		$	1,114
Print	6,613			477			14,779			1,319
Label	2,168			36			3,021			4,132
Corporate	644			1,405			1,500			1,631
Total	$	10,025		$	2,326		$	20,040		$	8,196
Depreciation and intangible asset amortization:
Envelope	$	4,423		$	4,271		$	13,034		$	12,954
Print	4,568			4,443			13,734			13,505
Label	1,759			1,572			5,211			5,360
Corporate	933			957			2,592			2,381
Total	$	11,683		$	11,243		$	34,571		$	34,200
Intercompany sales:
Envelope	$	860		$	1,840		$	3,651		$	5,217
Print	4,520			5,674			14,744			15,939
Label	653			716			1,813			2,306
Total	$	6,033		$	8,230		$	20,208		$	23,462

	September 30, 2017		December 31, 2016
Total assets:
Envelope	$	327,176	$	328,144
Print	227,516		256,888
Label	211,496		216,627
Corporate	37,211		36,287
Assets of discontinued operations	66,618		75,013
Total	$	870,017	$	912,959