Silgan (SLGN) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	SLGN
Entity Registrant Name	Silgan Holdings Inc
Entity Central Index Key	849,869
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		60,379,310

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Current assets:
Cash and cash equivalents	$ 126,676	$ 222,591	$ 133,928
Trade accounts receivable, net	443,943	310,732	447,685
Inventories	753,335	548,765	748,227
Prepaid expenses and other current assets	58,285	75,744	61,374
Total current assets	1,382,239	1,157,832	1,391,214
Property, plant and equipment, net	1,082,712	1,063,631	1,103,030
Goodwill	620,481	630,262	649,479
Other intangible assets, net	203,863	211,770	222,328
Other assets, net	237,657	240,429	274,847
Assets, Total	3,526,952	3,303,924	3,640,898
Current liabilities:
Revolving loans and current portion of long-term debt	532,639	125,130	463,112
Trade accounts payable	375,037	423,905	307,113
Accrued payroll and related costs	55,086	46,242	60,407
Accrued liabilities	75,606	69,285	71,960
Total current liabilities	1,038,368	664,562	902,592
Long-term debt	1,451,450	1,473,833	1,554,360
Other liabilities	454,108	455,573	426,288
Stockholders’ equity:
Common stock	876	876	876
Paid-in capital	232,117	225,449	218,145
Retained earnings	1,368,956	1,313,521	1,225,877
Accumulated other comprehensive loss	(182,779)	(165,624)	(44,413)
Treasury stock	(836,144)	(664,266)	(642,827)
Total stockholders’ equity	583,026	709,956	757,658
Liabilities and Equity, Total	$ 3,526,952	$ 3,303,924	$ 3,640,898

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net sales	$ 914,229	$ 917,336	$ 1,730,829	$ 1,773,182
Cost of goods sold	780,572	773,629	1,474,935	1,501,468
Gross profit	133,657	143,707	255,894	271,714
Selling, general and administrative expenses	54,407	56,765	108,858	115,175
Rationalization charges	959	862	1,684	2,449
Income from operations	78,291	86,080	145,352	154,090
Interest and other debt expense before loss on early extinguishment of debt	16,762	18,958	33,205	37,644
Loss on early extinguishment of debt	0	0	0	1,474
Interest and other debt expense	16,762	18,958	33,205	39,118
Income before income taxes	61,529	67,122	112,147	114,972
Provision for income taxes	19,285	23,119	36,599	39,493
Net income	$ 42,244	$ 44,003	$ 75,548	$ 75,479
Earnings per share:
Basic net income per share	$ 0.70	$ 0.69	$ 1.23	$ 1.19
Diluted net income per share	0.70	0.69	1.22	1.18
Dividends per share	$ 0.16	$ 0.15	$ 0.32	$ 0.30
Weighted average number of shares:
Basic (in shares)	60,473	63,525	61,631	63,511
Effect of dilutive securities (in shares)	255	349	268	388
Diluted (in shares)	60,728	63,874	61,899	63,899

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 42,244	$ 44,003	$ 75,548	$ 75,479
Other comprehensive income (loss), net of tax:
Changes in net prior service credit and actuarial losses	846	(133)	1,620	(544)
Change in fair value of derivatives	352	523	170	1,338
Foreign currency translation	11,324	3,160	(18,945)	(7,088)
Other comprehensive income (loss)	12,522	3,550	(17,155)	(6,294)
Comprehensive income	$ 54,766	$ 47,553	$ 58,393	$ 69,185

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows provided by (used in) operating activities:
Net income	$ 75,548	$ 75,479
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	73,042	76,511
Rationalization charges	1,684	2,449
Loss on early extinguishment of debt	0	1,474
Excess tax benefit from stock-based compensation	(771)	(1,037)
Other changes that provided (used) cash:
Trade accounts receivable, net	(140,426)	(116,359)
Inventories	(212,806)	(234,603)
Trade accounts payable	38,630	42,724
Accrued liabilities	11,577	12,966
Other, net	16,764	(22,428)
Net cash used in operating activities	(136,758)	(162,824)
Cash flows provided by (used in) investing activities:
Purchase of business, net of cash acquired	(690)	0
Capital expenditures	(98,183)	(60,004)
Proceeds from asset sales	128	372
Net cash used in investing activities	(98,745)	(59,632)
Cash flows provided by (used in) financing activities:
Borrowings under revolving loans	585,364	678,872
Repayments under revolving loans	(169,284)	(340,779)
Proceeds from issuance of long-term debt	3,970	732,215
Repayments of long-term debt	(5,649)	(751,509)
Debt issuance costs	0	(5,019)
Changes in outstanding checks - principally vendors	(82,801)	(86,538)
Dividends paid on common stock	(20,113)	(19,356)
Excess tax benefit from stock-based compensation	771	1,037
Repurchase of common stock under stock plan	(2,538)	(5,267)
Repurchase of common stock under share repurchase authorization	(170,132)	(7,735)
Net cash provided by financing activities	139,588	195,921
Cash and cash equivalents:
Net decrease	(95,915)	(26,535)
Balance at beginning of year	222,591	160,463
Balance at end of period	126,676	133,928
Interest paid, net	31,560	33,762
Income taxes paid, net	$ 18,306	$ 25,056

Condensed Consolidated Stateme6

Condensed Consolidated Statements Of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Beginning Balance (in shares) at Dec. 31, 2013		63,415
Increase (Decrease) in Stockholders' Equity
Net issuance of treasury stock for vested restricted stock units, including tax benefit (in shares)		153
Repurchases of common stock (in shares)		(158)
Ending Balance (in shares) at Jun. 30, 2014		63,410
Beginning Balance at Dec. 31, 2013	$ 713,843	$ 876	$ 212,822	$ 1,169,754	$ (38,119)	$ (631,490)
Increase (Decrease) in Stockholders' Equity
Net income	75,479			75,479
Other comprehensive loss	(6,294)				(6,294)
Dividends declared on common stock	(19,356)			(19,356)
Stock compensation expense	5,951		5,951
Net issuance of treasury stock for vested restricted stock units, including tax benefit	(4,230)		(628)			(3,602)
Repurchases of common stock	(7,735)					(7,735)
Ending Balance at Jun. 30, 2014	757,658	$ 876	218,145	1,225,877	(44,413)	(642,827)
Beginning Balance (in shares) at Dec. 31, 2014		63,203
Increase (Decrease) in Stockholders' Equity
Net issuance of treasury stock for vested restricted stock units, including tax benefit (in shares)		82
Repurchases of common stock (in shares)		(2,906)
Ending Balance (in shares) at Jun. 30, 2015		60,379
Beginning Balance at Dec. 31, 2014	709,956	$ 876	225,449	1,313,521	(165,624)	(664,266)
Increase (Decrease) in Stockholders' Equity
Net income	75,548			75,548
Other comprehensive loss	(17,155)				(17,155)
Dividends declared on common stock	(20,113)			(20,113)
Stock compensation expense	6,689		6,689
Net issuance of treasury stock for vested restricted stock units, including tax benefit	(1,767)		(21)			(1,746)
Repurchases of common stock	(170,132)					(170,132)
Ending Balance at Jun. 30, 2015	$ 583,026	$ 876	$ 232,117	$ 1,368,956	$ (182,779)	$ (836,144)

Condensed Consolidated Stateme7

Condensed Consolidated Statements Of Stockholders' Equity (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Statement of Stockholders' Equity [Abstract]
Net issuance of treasury stock for vested restricted stock units, tax benefit	$ 771	$ 1,037

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation . The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year. The Condensed Consolidated Balance Sheet at December 31, 2014 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014. Recently Issued Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends the guidance for revenue recognition. This amendment contains principles that will require an entity to recognize revenue to depict the transfer of goods and services to customers at an amount that an entity expects to be entitled to in exchange for those goods or services. This amendment permits the use of one of two retrospective transition methods. In July 2015, the FASB deferred the effective date of this amendment. As a result, this amendment will be effective for us on January 1, 2018, with early adoption permitted up to one year prior to the effective date. We have not yet selected a transition method and are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows. In April 2015, the FASB issued an ASU which amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability. This amendment will be effective for us on January 1, 2016. Early adoption is permitted. Adoption of this amendment will not have a material effect on our financial position, results of operations or cash flows. In July 2015, the FASB issued an ASU which amends existing guidance for measuring inventories. This amendment will require us to measure inventories recorded using the first-in, first-out method and the average cost method at the lower of cost and net realizable value. This amendment does not change the methodology for measuring inventories recorded using the last-in, first-out method. This amendment will be effective for us on January 1, 2017. Early adoption is permitted. We are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows.

Rationalization Charges

Rationalization Charges	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Rationalization Charges	Rationalization Charges We continually evaluate cost reduction opportunities across each of our businesses, including rationalizations of our existing facilities through plant closings and downsizings. We use a disciplined approach to identify opportunities that generate attractive cash returns. Rationalization charges were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Closures $ 810 $ 862 $ 1,146 $ 1,487 Plastic containers 149 — 538 962 $ 959 $ 862 $ 1,684 $ 2,449 Activity in reserves for our rationalization plans for the six months ended June 30 was as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2014 $ 6,052 $ 316 $ — $ 6,368 Charged to expense 1,178 231 275 1,684 Utilized and currency translation (3,923 ) (368 ) (275 ) (4,566 ) Balance at June 30, 2015 $ 3,307 $ 179 $ — $ 3,486 Rationalization reserves were included in the Condensed Consolidated Balance Sheets as accrued liabilities. Remaining expenses and cash expenditures for our rationalization plans of $2.5 million and $6.5 million , respectively, are expected within the next twelve months.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is reported in our Condensed Consolidated Statements of Stockholders’ Equity. Amounts included in accumulated other comprehensive loss, net of tax, were as follows: Unrecognized Net Defined Benefit Plan Costs Change in Fair Value of Derivatives Foreign Currency Translation Total (Dollars in thousands) Balance at December 31, 2014 $ (89,252 ) $ (1,198 ) $ (75,174 ) $ (165,624 ) Other comprehensive loss before reclassifications — (701 ) (18,945 ) (19,646 ) Amounts reclassified from accumulated other comprehensive loss 1,620 871 — 2,491 Other comprehensive loss 1,620 170 (18,945 ) (17,155 ) Balance at June 30, 2015 $ (87,632 ) $ (1,028 ) $ (94,119 ) $ (182,779 ) The amounts reclassified to earnings from the unrecognized net defined benefit plan costs component of accumulated other comprehensive loss for the three and six months ended June 30, 2015 were net losses of $1.3 million and $2.6 million , respectively, excluding an income tax benefit of $0.5 million and $1.0 million , respectively. For the three and six months ended June 30, 2015, these net losses consisted of $1.8 million and $3.5 million of amortization of net actuarial losses and $0.5 million and $0.9 million of amortization of net prior service credit, respectively. Amortization of net actuarial losses and net prior service credit is a component of net periodic benefit cost. See Note 8 for further information. The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2015 were net losses of $0.7 million and $1.4 million , respectively, excluding an income tax benefit of $0.3 million and $0.5 million , respectively. For the three and six months ended June 30, 2015, these net losses included $0.4 million and $0.8 million , respectively, related to our interest rate swap agreements which were recorded in interest and other debt expense in our Condensed Consolidated Statements of Income and $0.3 million and $0.6 million , respectively, related to our natural gas swap agreements which were recorded in cost of goods sold in our Condensed Consolidated Statements of Income. See Note 6 for further information. Foreign currency (losses) gains related to our net investment hedges included in the foreign currency translation component of accumulated other comprehensive loss for the three and six months ended June 30, 2015 were $(10.8) million and $19.1 million , respectively, excluding an income tax (benefit) provision of $(4.0) million and $7.1 million , respectively. See Note 6 which includes a discussion of derivative instruments and hedging activities.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: June 30, 2015 June 30, 2014 Dec. 31, 2014 (Dollars in thousands) Raw materials $ 204,195 $ 190,546 $ 184,714 Work-in-process 121,144 123,557 115,308 Finished goods 516,931 517,897 338,562 Other 14,086 12,807 13,541 856,356 844,807 652,125 Adjustment to value inventory at cost on the LIFO method (103,021 ) (96,580 ) (103,360 ) $ 753,335 $ 748,227 $ 548,765

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consisted of the following: June 30, 2015 June 30, 2014 Dec. 31, 2014 (Dollars in thousands) Bank debt Bank revolving loans $ 407,000 $ 350,924 $ — U.S. term loans 365,000 365,000 365,000 Canadian term loans 53,493 65,506 60,235 Euro term loans 246,994 300,410 266,156 Other foreign bank revolving and term loans 111,602 135,632 107,572 Total bank debt 1,184,089 1,217,472 798,963 5½% Senior Notes 300,000 300,000 300,000 5% Senior Notes 500,000 500,000 500,000 Total debt 1,984,089 2,017,472 1,598,963 Less current portion 532,639 463,112 125,130 $ 1,451,450 $ 1,554,360 $ 1,473,833 At June 30, 2015, amounts expected to be repaid within one year consisted of $437.6 million of bank revolving and term loans under our senior secured credit facility, or the Credit Agreement, and $95.0 million of foreign bank revolving and term loans.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2015
Investments, All Other Investments [Abstract]
Financial Instruments	Financial Instruments The financial instruments recorded in our Condensed Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, trade accounts payable, debt obligations and swap agreements. Due to their short-term maturity, the carrying amounts of trade accounts receivable and trade accounts payable approximate their fair market values. The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at June 30, 2015: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 126,676 $ 126,676 Liabilities: Bank debt $ 1,184,089 $ 1,184,089 5½% Senior Notes 300,000 311,436 5% Senior Notes 500,000 511,250 Interest rate swap agreements 1,280 1,280 Natural gas swap agreements 367 367 Fair Value Measurements GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). GAAP classifies the inputs used to measure fair value into a hierarchy consisting of three levels. Level 1 inputs represent unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs represent unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs represent unobservable inputs for the asset or liability. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Financial Instruments Measured at Fair Value The financial assets and liabilities that were measured on a recurring basis at June 30, 2015 consisted of our cash and cash equivalents, interest rate swap agreements and natural gas swap agreements. We measured the fair value of cash and cash equivalents using Level 1 inputs. We measured the fair value of the swap agreements using the income approach. The fair value of the swap agreements reflects the estimated amounts that we would pay or receive based on the present value of the expected cash flows derived from market interest rates and prices. As such, these derivative instruments were classified within Level 2. Financial Instruments Not Measured at Fair Value Our bank debt, 5½% Senior Notes due 2022, or the 5½% Notes, and 5% Senior Notes due 2020, or the 5% Notes, were recorded at historical amounts in our Condensed Consolidated Balance Sheets, as we have not elected to measure them at fair value. We measured the fair value of our variable rate bank debt using the market approach based on Level 2 inputs. Fair values of the 5½% Notes and the 5% Notes were estimated based on quoted market prices, a Level 1 input. Derivative Instruments and Hedging Activities Our derivative financial instruments were recorded in the Condensed Consolidated Balance Sheets at their fair values. Changes in fair values of derivatives are recorded in each period in earnings or comprehensive income, depending on whether a derivative is designated as part of a hedge transaction and, if it is, the type of hedge transaction. We utilize certain derivative financial instruments to manage a portion of our interest rate and natural gas cost exposures. We limit our use of derivative financial instruments to interest rate and natural gas swap agreements. We do not engage in trading or other speculative uses of these financial instruments. For a financial instrument to qualify as a hedge, we must be exposed to interest rate or price risk, and the financial instrument must reduce the exposure and be designated as a hedge. Financial instruments qualifying for hedge accounting must maintain a high correlation between the hedging instrument and the item being hedged, both at inception and throughout the hedged period. We utilize certain internal hedging strategies to minimize our foreign currency exchange rate risk. Net investment hedges that qualify for hedge accounting result in the recognition of foreign currency gains or losses, net of tax, in accumulated other comprehensive (loss) income. We generally do not utilize external derivative financial instruments to manage our foreign currency exchange rate risk. Our interest rate and natural gas swap agreements are accounted for as cash flow hedges. During the first six months of 2015, our hedges were fully effective. The fair value of our outstanding swap agreements in effect at June 30, 2015 was recorded in our Condensed Consolidated Balance Sheet as a net liability of $1.7 million , of which $1.4 million was included in accrued liabilities and $0.3 million was included in other liabilities. The amounts reclassified to earnings from the change in fair value of derivatives component of accumulated other comprehensive loss for the three and six months ended June 30, 2015 were losses, net of income taxes, of $0.4 million and $0.9 million , respectively. We estimate that we will reclassify losses of $0.9 million , net of income taxes, from the change in fair value of derivatives component of accumulated other comprehensive loss to earnings during the next twelve months. The actual amount that will be reclassified to earnings will vary from this amount as a result of changes in market conditions. Interest Rate Swap Agreements We have entered into U.S. dollar interest rate swap agreements to manage a portion of our exposure to interest rate fluctuations. At June 30, 2015, the aggregate notional principal amount of our outstanding interest rate swap agreements was $100.0 million . The difference between amounts to be paid or received on our interest rate swap agreements is recorded in interest and other debt expense in our Condensed Consolidated Statements of Income. For the three and six months ended June 30, 2015, net payments under our interest rate swap agreements were $0.4 million and $0.8 million , respectively. These agreements are with financial institutions which are expected to fully perform under the terms thereof. Natural Gas Swap Agreements We have entered into natural gas swap agreements with a major financial institution to manage a portion of our exposure to fluctuations in natural gas prices. At June 30, 2015, the aggregate notional principal amount of our natural gas swap agreements was 896,000 MMBtu of natural gas with fixed prices ranging from $2.77 to $3.24 per MMBtu, which hedged approximately 21 percent of our estimated twelve month exposure to fluctuations in natural gas prices. The difference between amounts to be paid or received on our natural gas swap agreements is recorded in cost of goods sold in our Condensed Consolidated Statements of Income. For the three and six months ended June 30, 2015, net payments under our natural gas swap agreements were $0.3 million and $0.6 million , respectively. These agreements are with a financial institution which is expected to fully perform under the terms thereof. Foreign Currency Exchange Rate Risk In an effort to minimize foreign currency exchange rate risk, we have financed acquisitions of foreign operations primarily with loans borrowed under our senior secured credit facilities denominated in Euros and Canadian dollars. In addition, where available, we have borrowed funds in local currency or implemented certain internal hedging strategies to minimize our foreign currency exchange rate risk related to foreign operations. We have designated substantially all of our Euro denominated borrowings under the Credit Agreement as net investment hedges. Foreign currency (losses) gains related to our net investment hedges included in accumulated other comprehensive loss for the three and six months ended June 30, 2015 were $(10.8) million and $19.1 million , respectively.

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies A competition authority in Germany commenced an antitrust investigation involving the industry association for metal packaging in Germany and its members, including our metal container and closures subsidiaries in Germany. Given the early stage of the investigation, we cannot reasonably assess what actions may result from the investigation or estimate what costs we may incur as a result of the investigation. We are a party to other legal proceedings, contract disputes and claims arising in the ordinary course of our business, none of which is expected to have a material adverse effect on our business or financial condition.

Retirement Benefits

Retirement Benefits	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement Benefits	Retirement Benefits The components of the net periodic pension benefit costs were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 3,951 $ 3,316 $ 8,001 $ 6,771 Interest cost 7,142 7,419 14,291 14,849 Expected return on plan assets (15,698 ) (14,333 ) (31,353 ) (28,688 ) Amortization of prior service cost 268 334 514 619 Amortization of actuarial losses 1,833 217 3,666 434 Net periodic benefit credit $ (2,504 ) $ (3,047 ) $ (4,881 ) $ (6,015 ) The components of the net periodic other postretirement benefits costs were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 136 $ 126 $ 279 $ 264 Interest cost 349 417 709 825 Amortization of prior service credit (736 ) (714 ) (1,472 ) (1,428 ) Amortization of actuarial gains (63 ) (86 ) (127 ) (171 ) Net periodic benefit credit $ (314 ) $ (257 ) $ (611 ) $ (510 )

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Silgan and its subsidiaries file U.S. Federal income tax returns, as well as income tax returns in various states and foreign jurisdictions. The Internal Revenue Service, or IRS, has commenced its review of the tax years 2012 through 2014, and we have been accepted into the Compliance Assurance Program for the 2014 and 2015 tax years which provides for the review by the IRS of tax matters relating to our tax return prior to filing. We do not expect a material change to our unrecognized tax benefits within the next twelve months.

Treasury Stock

Treasury Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Treasury Stock	Treasury Stock On February 9, 2015, we commenced a “modified Dutch auction” tender offer to purchase up to $200.0 million of our common stock. Pursuant to the tender offer, which expired on March 10, 2015, we purchased 2,766,354 shares of our common stock from our stockholders on March 17, 2015 at a price of $58.50 per share, for a total purchase price of $161.8 million, exclusive of $0.7 million of fees and expenses. During the three months ended June 30, 2015, we repurchased an additional 139,421 shares of our common stock at an average price per share of $54.71 , for a total purchase price of $7.6 million. As a result, at June 30, 2015, we had $106.0 million remaining under an authorization from our Board of Directors for the repurchase of our common stock from time to time through and including December 31, 2019. During the first six months of 2015, we issued 125,846 treasury shares which had an average cost of $6.30 per share for restricted stock units that vested during the period. In accordance with the Silgan Holdings Inc. 2004 Stock Incentive Plan, we repurchased 44,122 shares of our common stock at an average cost of $57.53 to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units. We account for treasury shares using the first-in, first-out (FIFO) cost method. As of June 30, 2015, 27,176,938 shares of our common stock were held in treasury.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation We currently have one stock-based compensation plan in effect, under which we have issued options and restricted stock units to our officers, other key employees and outside directors. During the first six months of 2015, 158,946 restricted stock units were granted to certain of our officers, other key employees and outside directors. The fair value of these restricted stock units at the grant date was $9.1 million , which is being amortized ratably over the respective vesting period from the grant date. At our annual meeting of stockholders held on May 26, 2015, our stockholders approved the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, or the 2004 Stock Incentive Plan, which, among other things, increased the number of shares of our common stock available for awards under the 2004 Stock Incentive Plan by an additional 3,000,000 shares. The total number of shares of our common stock available for issuance under the 2004 Stock Incentive Plan as of June 30, 2015 was 3,620,968 .

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Reportable business segment information for the three and six months ended June 30 was as follows: Metal Containers Closures Plastic Containers Corporate Total (Dollars in thousands) Three Months Ended June 30, 2015 Net sales $ 553,698 $ 207,156 $ 153,375 $ — $ 914,229 Depreciation and amortization (1) 17,464 9,175 8,659 31 35,329 Rationalization charges — 810 149 — 959 Segment income from operations 48,300 24,584 9,414 (4,007 ) 78,291 Three Months Ended June 30, 2014 Net sales $ 518,684 $ 232,232 $ 166,420 $ — $ 917,336 Depreciation and amortization (1) 17,192 10,748 9,073 32 37,045 Rationalization charges — 862 — — 862 Segment income from operations (2) 50,900 25,228 12,974 (3,022 ) 86,080 Six Months Ended June 30, 2015 Net sales $ 1,012,596 $ 405,235 $ 312,998 $ — $ 1,730,829 Depreciation and amortization (1) 34,655 18,902 17,350 63 70,970 Rationalization charges — 1,146 538 — 1,684 Segment income from operations 88,967 46,159 18,625 (8,399 ) 145,352 Six Months Ended June 30, 2014 Net sales $ 987,089 $ 446,029 $ 340,064 $ — $ 1,773,182 Depreciation and amortization (1) 34,571 21,552 18,208 63 74,394 Rationalization charges — 1,487 962 — 2,449 Segment income from operations (2) 91,353 42,993 25,818 (6,074 ) 154,090 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million and $1.1 million for the three months ended June 30, 2015 and 2014, respectively, and $2.1 million in each of the six months ended June 30, 2015 and 2014. (2) Income from operations of the closures segment includes losses from operations in Venezuela of $2.9 million and $3.4 million for the three and six months ended June 30, 2014, respectively. The manufacturing facility in Venezuela ceased operations at the end of 2014. Total segment income from operations is reconciled to income before income taxes as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Total segment income from operations $ 78,291 $ 86,080 $ 145,352 $ 154,090 Interest and other debt expense 16,762 18,958 33,205 39,118 Income before income taxes $ 61,529 $ 67,122 $ 112,147 $ 114,972 Sales and income from operations of our metal container business and part of our closures business are dependent, in part, upon fruit and vegetable harvests. The size and quality of these harvests varies from year to year, depending in large part upon the weather conditions in applicable regions. Because of the seasonality of the harvests, we have historically experienced higher unit sales volume in the third quarter of our fiscal year and generated a disproportionate amount of our annual income from operations during that quarter.

Significant Accounting Polici20

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation . The accompanying unaudited condensed consolidated financial statements of Silgan Holdings Inc., or Silgan, have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. The results of operations for any interim period are not necessarily indicative of the results of operations for the full year. The Condensed Consolidated Balance Sheet at December 31, 2014 has been derived from our audited consolidated financial statements at that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. You should read the accompanying condensed consolidated financial statements in conjunction with our consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements. In May 2014, the Financial Accounting Standards Board, or FASB, issued an accounting standards update, or ASU, that amends the guidance for revenue recognition. This amendment contains principles that will require an entity to recognize revenue to depict the transfer of goods and services to customers at an amount that an entity expects to be entitled to in exchange for those goods or services. This amendment permits the use of one of two retrospective transition methods. In July 2015, the FASB deferred the effective date of this amendment. As a result, this amendment will be effective for us on January 1, 2018, with early adoption permitted up to one year prior to the effective date. We have not yet selected a transition method and are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows. In April 2015, the FASB issued an ASU which amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability. This amendment will be effective for us on January 1, 2016. Early adoption is permitted. Adoption of this amendment will not have a material effect on our financial position, results of operations or cash flows. In July 2015, the FASB issued an ASU which amends existing guidance for measuring inventories. This amendment will require us to measure inventories recorded using the first-in, first-out method and the average cost method at the lower of cost and net realizable value. This amendment does not change the methodology for measuring inventories recorded using the last-in, first-out method. This amendment will be effective for us on January 1, 2017. Early adoption is permitted. We are currently evaluating the impact of this amendment on our financial position, results of operations and cash flows.

Rationalization Charges (Tables

Rationalization Charges (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Activity in Rationalization Plan Reserves	Rationalization charges were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Closures $ 810 $ 862 $ 1,146 $ 1,487 Plastic containers 149 — 538 962 $ 959 $ 862 $ 1,684 $ 2,449 Activity in reserves for our rationalization plans for the six months ended June 30 was as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance at December 31, 2014 $ 6,052 $ 316 $ — $ 6,368 Charged to expense 1,178 231 275 1,684 Utilized and currency translation (3,923 ) (368 ) (275 ) (4,566 ) Balance at June 30, 2015 $ 3,307 $ 179 $ — $ 3,486

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax	Amounts included in accumulated other comprehensive loss, net of tax, were as follows: Unrecognized Net Defined Benefit Plan Costs Change in Fair Value of Derivatives Foreign Currency Translation Total (Dollars in thousands) Balance at December 31, 2014 $ (89,252 ) $ (1,198 ) $ (75,174 ) $ (165,624 ) Other comprehensive loss before reclassifications — (701 ) (18,945 ) (19,646 ) Amounts reclassified from accumulated other comprehensive loss 1,620 871 — 2,491 Other comprehensive loss 1,620 170 (18,945 ) (17,155 ) Balance at June 30, 2015 $ (87,632 ) $ (1,028 ) $ (94,119 ) $ (182,779 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, 2015 June 30, 2014 Dec. 31, 2014 (Dollars in thousands) Raw materials $ 204,195 $ 190,546 $ 184,714 Work-in-process 121,144 123,557 115,308 Finished goods 516,931 517,897 338,562 Other 14,086 12,807 13,541 856,356 844,807 652,125 Adjustment to value inventory at cost on the LIFO method (103,021 ) (96,580 ) (103,360 ) $ 753,335 $ 748,227 $ 548,765

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt consisted of the following: June 30, 2015 June 30, 2014 Dec. 31, 2014 (Dollars in thousands) Bank debt Bank revolving loans $ 407,000 $ 350,924 $ — U.S. term loans 365,000 365,000 365,000 Canadian term loans 53,493 65,506 60,235 Euro term loans 246,994 300,410 266,156 Other foreign bank revolving and term loans 111,602 135,632 107,572 Total bank debt 1,184,089 1,217,472 798,963 5½% Senior Notes 300,000 300,000 300,000 5% Senior Notes 500,000 500,000 500,000 Total debt 1,984,089 2,017,472 1,598,963 Less current portion 532,639 463,112 125,130 $ 1,451,450 $ 1,554,360 $ 1,473,833

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, All Other Investments [Abstract]
Summary of Carrying Amounts and Estimated Fair Values of Other Financial Instruments	The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at June 30, 2015: Carrying Amount Fair Value (Dollars in thousands) Assets: Cash and cash equivalents $ 126,676 $ 126,676 Liabilities: Bank debt $ 1,184,089 $ 1,184,089 5½% Senior Notes 300,000 311,436 5% Senior Notes 500,000 511,250 Interest rate swap agreements 1,280 1,280 Natural gas swap agreements 367 367

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	The components of the net periodic pension benefit costs were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 3,951 $ 3,316 $ 8,001 $ 6,771 Interest cost 7,142 7,419 14,291 14,849 Expected return on plan assets (15,698 ) (14,333 ) (31,353 ) (28,688 ) Amortization of prior service cost 268 334 514 619 Amortization of actuarial losses 1,833 217 3,666 434 Net periodic benefit credit $ (2,504 ) $ (3,047 ) $ (4,881 ) $ (6,015 ) The components of the net periodic other postretirement benefits costs were as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Service cost $ 136 $ 126 $ 279 $ 264 Interest cost 349 417 709 825 Amortization of prior service credit (736 ) (714 ) (1,472 ) (1,428 ) Amortization of actuarial gains (63 ) (86 ) (127 ) (171 ) Net periodic benefit credit $ (314 ) $ (257 ) $ (611 ) $ (510 )

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Reportable Business Segment Information	Reportable business segment information for the three and six months ended June 30 was as follows: Metal Containers Closures Plastic Containers Corporate Total (Dollars in thousands) Three Months Ended June 30, 2015 Net sales $ 553,698 $ 207,156 $ 153,375 $ — $ 914,229 Depreciation and amortization (1) 17,464 9,175 8,659 31 35,329 Rationalization charges — 810 149 — 959 Segment income from operations 48,300 24,584 9,414 (4,007 ) 78,291 Three Months Ended June 30, 2014 Net sales $ 518,684 $ 232,232 $ 166,420 $ — $ 917,336 Depreciation and amortization (1) 17,192 10,748 9,073 32 37,045 Rationalization charges — 862 — — 862 Segment income from operations (2) 50,900 25,228 12,974 (3,022 ) 86,080 Six Months Ended June 30, 2015 Net sales $ 1,012,596 $ 405,235 $ 312,998 $ — $ 1,730,829 Depreciation and amortization (1) 34,655 18,902 17,350 63 70,970 Rationalization charges — 1,146 538 — 1,684 Segment income from operations 88,967 46,159 18,625 (8,399 ) 145,352 Six Months Ended June 30, 2014 Net sales $ 987,089 $ 446,029 $ 340,064 $ — $ 1,773,182 Depreciation and amortization (1) 34,571 21,552 18,208 63 74,394 Rationalization charges — 1,487 962 — 2,449 Segment income from operations (2) 91,353 42,993 25,818 (6,074 ) 154,090 _____________ (1) Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million and $1.1 million for the three months ended June 30, 2015 and 2014, respectively, and $2.1 million in each of the six months ended June 30, 2015 and 2014. (2) Income from operations of the closures segment includes losses from operations in Venezuela of $2.9 million and $3.4 million for the three and six months ended June 30, 2014, respectively. The manufacturing facility in Venezuela ceased operations at the end of 2014.
Reconciliation of Segment Income from Operations to Income before Income Taxes	Total segment income from operations is reconciled to income before income taxes as follows: Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, (Dollars in thousands) Total segment income from operations $ 78,291 $ 86,080 $ 145,352 $ 154,090 Interest and other debt expense 16,762 18,958 33,205 39,118 Income before income taxes $ 61,529 $ 67,122 $ 112,147 $ 114,972

Rationalization Charges Activit

Rationalization Charges Activity in Rationalization Plan Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014			$ 6,368
Charged to expense	$ 959	$ 862	1,684	$ 2,449
Utilized and currency translation			(4,566)
Balance at June 30, 2015	3,486		3,486
Employee Severance and Benefits [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014			6,052
Charged to expense			1,178
Utilized and currency translation			(3,923)
Balance at June 30, 2015	3,307		3,307
Plant Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Balance at December 31, 2014			316
Charged to expense			231
Utilized and currency translation			(368)
Balance at June 30, 2015	179		179
Non-Cash Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Charged to expense			275
Utilized and currency translation			(275)
Closures [Member]
Restructuring Reserve [Roll Forward]
Charged to expense	810	862	1,146	1,487
Plastic Containers [Member]
Restructuring Reserve [Roll Forward]
Charged to expense	$ 149	$ 0	$ 538	$ 962

Rationalization Charges Activ29

Rationalization Charges Activity in Rationalization Plan Reserves (Details II) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Restructuring Cost and Reserve [Line Items]
Remaining expenses for our rationalization plans expected within the next twelve months	$ 2.5
Remaining cash expenditures for our rationalization plans expected within the next twelve months	$ 6.5

Amounts Included in Accumulated

Amounts Included in Accumulated Other Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2014			$ (165,624)
Other comprehensive loss before reclassifications			(19,646)
Amounts reclassified from accumulated other comprehensive loss			2,491
Other comprehensive income (loss)	$ 12,522	$ 3,550	(17,155)	$ (6,294)
Balance at June 30, 2015	(182,779)	$ (44,413)	(182,779)	$ (44,413)
Unrecognized Net Defined Benefit Plan Costs [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2014			(89,252)
Other comprehensive loss before reclassifications			0
Amounts reclassified from accumulated other comprehensive loss			1,620
Other comprehensive income (loss)			1,620
Balance at June 30, 2015	(87,632)		(87,632)
Change in Fair Value of Derivatives [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2014			(1,198)
Other comprehensive loss before reclassifications			(701)
Amounts reclassified from accumulated other comprehensive loss			871
Other comprehensive income (loss)			170
Balance at June 30, 2015	(1,028)		(1,028)
Foreign Currency Translation [Member]
Other Comprehensive Income (Loss) [Roll Forward]
Balance at December 31, 2014			(75,174)
Other comprehensive loss before reclassifications			(18,945)
Amounts reclassified from accumulated other comprehensive loss			0
Other comprehensive income (loss)			(18,945)
Balance at June 30, 2015	$ (94,119)		$ (94,119)

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	$ 61,529	$ 67,122	$ 112,147	$ 114,972
(Benefit) for income taxes	19,285	23,119	36,599	39,493
Foreign currency (losses) gains related to net investment hedges included in foreign currency translation component of accumulated other comprehensive loss	(10,800)		19,100
Foreign currency gains related to net investment hedges included in foreign currency translation component of accumulated other comprehensive loss, income tax (benefit) provision	(4,000)		7,100
Interest and Debt Expense	16,762	18,958	33,205	39,118
Cost of goods sold	780,572	$ 773,629	1,474,935	$ 1,501,468
Reclassification out of Accumulated Other Comprehensive Income [Member] | Unrecognized Net Defined Benefit Plan Costs [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(1,300)		(2,600)
(Benefit) for income taxes	(500)		(1,000)
Net prior service credit arising during period, before tax	500		900
Amortization of net actuarial losses	1,800		3,500
Reclassification out of Accumulated Other Comprehensive Income [Member] | Change in Fair Value of Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(700)		(1,400)
(Benefit) for income taxes	(300)		(500)
Interest Rate Swap [Member] | Change in Fair Value of Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest and Debt Expense	400		800
Natural Gas [Member] | Change in Fair Value of Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	$ 300		$ 600

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 204,195	$ 184,714	$ 190,546
Work-in-process	121,144	115,308	123,557
Finished goods	516,931	338,562	517,897
Other	14,086	13,541	12,807
Inventory, Gross, Total	856,356	652,125	844,807
Adjustment to value inventory at cost on the LIFO method	(103,021)	(103,360)	(96,580)
Inventories	$ 753,335	$ 548,765	$ 748,227

Long-Term Debt (Detail)

Long-Term Debt (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Debt Instrument [Line Items]
Total Debt	$ 1,984,089	$ 2,017,472	$ 1,984,089	$ 2,017,472	$ 1,598,963
Less current portion	532,639	463,112	532,639	463,112	125,130
Long-term debt	1,451,450	1,554,360	1,451,450	1,554,360	1,473,833
Loss on early extinguishment of debt	0	0	0	1,474
Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	1,184,089	1,217,472	1,184,089	1,217,472	798,963
5 1/2% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	300,000	300,000	300,000	300,000	300,000
5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	500,000	500,000	500,000	500,000	500,000
Revolving Loan [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	$ 407,000	$ 350,924	$ 407,000	$ 350,924	$ 0
Senior Notes [Member] | 5 1/2% Senior Notes [Member]
Debt Instrument [Line Items]
Senior note interest rate (percent)	5.50%	5.50%	5.50%	5.50%	5.50%
Senior Notes [Member] | 5% Senior Notes [Member]
Debt Instrument [Line Items]
Senior note interest rate (percent)	5.00%	5.00%	5.00%	5.00%	5.00%
Bank revolving loans and term loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Less current portion	$ 437,600		$ 437,600
U S Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	365,000	$ 365,000	365,000	$ 365,000	$ 365,000
Canadian Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	53,493	65,506	53,493	65,506	60,235
Euro Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	246,994	300,410	246,994	300,410	266,156
Other Foreign Bank Revolving And Term Loans [Member] | Bank debt [Member]
Debt Instrument [Line Items]
Total Debt	111,602	$ 135,632	111,602	$ 135,632	$ 107,572
Less current portion	$ 95,000		$ 95,000

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - Jun. 30, 2015 - Debt Instrument, Name [Domain] $ in Thousands	USD ($)MMBTU$ / MMBTU	USD ($)MMBTU$ / MMBTU
Derivative [Line Items]
Amount of losses, net of income taxes, reclassified to earnings from change in fair value of derivatives component of accumulated other comprehensive loss	$ 400	$ 900
Estimated reclassification of losses, net of income taxes, from the change in fair value of derivatives component of accumulated other comprehensive loss to earnings during the next twelve months	900
Interest rate and natural gas swap [Member]
Derivative [Line Items]
Derivative liabilities	1,700	1,700
Interest Rate Swap [Member]
Derivative [Line Items]
Aggregate notional principal amount of outstanding interest rate swap agreements	100,000	100,000
Net payments under derivative swap agreements	400	800
Natural Gas [Member]
Derivative [Line Items]
Net payments under derivative swap agreements	$ 300	$ 600
Principal amount of natural gas swap agreements (mmbtu) | MMBTU	896,000	896,000
Hedged portion of estimated twelve month exposure to natural gas price fluctuations (percent)	21.00%	21.00%
Foreign Currency Exchange Rate Risk [Member]
Derivative [Line Items]
Foreign currency (losses) gains of net investment hedges included in accumulated other comprehensive (loss) income	$ (10,800)	$ 19,100
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	126,676	126,676
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	1,280	1,280
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative liabilities	367	367
Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Cash and cash equivalents	126,676	126,676
Estimate of Fair Value, Fair Value Disclosure [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative liabilities	1,280	1,280
Estimate of Fair Value, Fair Value Disclosure [Member] | Commodity Contract [Member]
Derivative [Line Items]
Derivative liabilities	367	367
Bank debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,184,089	1,184,089
Bank debt [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	1,184,089	1,184,089
5 1/2% Senior Notes [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	300,000	300,000
5 1/2% Senior Notes [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	311,436	311,436
5% Senior Notes [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	500,000	500,000
5% Senior Notes [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Derivative [Line Items]
Long-Term Debt	$ 511,250	$ 511,250
Natural Gas [Member] | Minimum [Member] | Natural Gas [Member]
Derivative [Line Items]
Natural gas fixed price (per mmbtu) | $ / MMBTU	2.77	2.77
Natural Gas [Member] | Maximum [Member] | Natural Gas [Member]
Derivative [Line Items]
Natural gas fixed price (per mmbtu) | $ / MMBTU	3.24	3.24
Accrued Liabilities [Member] | Interest rate and natural gas swap [Member]
Derivative [Line Items]
Derivative liabilities	$ 1,400	$ 1,400
Other Liabilities [Member] | Interest rate and natural gas swap [Member]
Derivative [Line Items]
Derivative liabilities	$ 300	$ 300

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 3,951	$ 3,316	$ 8,001	$ 6,771
Interest cost	7,142	7,419	14,291	14,849
Expected return on plan assets	(15,698)	(14,333)	(31,353)	(28,688)
Amortization of prior service cost	268	334	514	619
Amortization of actuarial losses (gains)	1,833	217	3,666	434
Net periodic benefit credit	(2,504)	(3,047)	(4,881)	(6,015)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	136	126	279	264
Interest cost	349	417	709	825
Amortization of prior service cost	(736)	(714)	(1,472)	(1,428)
Amortization of actuarial losses (gains)	(63)	(86)	(127)	(171)
Net periodic benefit credit	$ (314)	$ (257)	$ (611)	$ (510)

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Mar. 17, 2015	Feb. 09, 2015
Equity, Class of Treasury Stock [Line Items]
Remaining authorized repurchase amount	$ 106,000	$ 106,000
Modified Dutch Auction Authorized Amount					$ 200,000
Fees and Expenses Modified Dutch Auction				$ 700
Repurchase of common stock under share repurchase authorization		$ (170,132)	$ (7,735)
Treasury stock (shares)	27,176,938	27,176,938
Common Stock Purchased Through Modified Dutch Auction Tender Offer Shares				2,766,354
Common Stock Purchased Through Modified Dutch Auction Tender Offer Price Per Share				$ 58.50
Common Stock Purchased Through Modified Dutch Auction Tender Offer Value				$ 161,800
2004 Stock Incentive Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Average cost per share of treasury stock acquired		$ 57.53
Treasury shares issued (shares)		125,846
Issuance of treasury shares, average cost per share (usd per share)		$ 6.30
Shares repurchased to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units (shares)		44,122
Stock Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchases of common stock (in shares)	139,421
Average cost per share of treasury stock acquired	$ 54.71
Repurchase of common stock under share repurchase authorization	$ (7,600)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ in Millions	Total	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Other Share Increase (Decrease)	3,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	3,620,968	3,620,968
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted (shares)		158,946
Fair value of restricted stock units granted		$ 9.1

Reportable Business Segment Inf

Reportable Business Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net sales		$ 914,229	$ 917,336		$ 1,730,829	$ 1,773,182
Depreciation and amortization	[1]	35,329	37,045		70,970	74,394
Rationalization charges		959	862		1,684	2,449
Operating Income (Loss)		78,291	86,080		145,352	154,090
Amortization of debt issuance costs excluded from depreciation and amortization		1,000	1,100		2,100	2,100
Metal Containers [Member]
Segment Reporting Information [Line Items]
Net sales		553,698	518,684		1,012,596	987,089
Depreciation and amortization	[1]	17,464	17,192		34,655	34,571
Rationalization charges		0	0		0	0
Operating Income (Loss)		48,300	50,900		88,967	91,353
Closures [Member]
Segment Reporting Information [Line Items]
Net sales		207,156	232,232		405,235	446,029
Depreciation and amortization	[1]	9,175	10,748		18,902	21,552
Rationalization charges		810	862		1,146	1,487
Operating Income (Loss)		24,584	25,228	[2]	46,159	42,993	[2]
Operating Income (Loss) Venezuela			(2,900)			(3,400)
Plastic Containers [Member]
Segment Reporting Information [Line Items]
Net sales		153,375	166,420		312,998	340,064
Depreciation and amortization	[1]	8,659	9,073		17,350	18,208
Rationalization charges		149	0		538	962
Operating Income (Loss)		9,414	12,974		18,625	25,818
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales		0	0		0	0
Depreciation and amortization	[1]	31	32		63	63
Rationalization charges		0	0		0	0
Operating Income (Loss)		$ (4,007)	$ (3,022)		$ (8,399)	$ (6,074)
[1]	Depreciation and amortization excludes amortization of debt issuance costs of $1.0 million and $1.1 million for the three months ended June 30, 2015 and 2014, respectively, and $2.1 million in each of the six months ended June 30, 2015 and 2014.
[2]	Income from operations of the closures segment includes losses from operations in Venezuela of $2.9 million and $3.4 million for the three and six months ended June 30, 2014, respectively. The manufacturing facility in Venezuela ceased operations at the end of 2014.

Reconciliation of Segment Incom

Reconciliation of Segment Income from Operations to Income before Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting [Abstract]
Total segment income from operations	$ 78,291	$ 86,080	$ 145,352	$ 154,090
Interest and other debt expense	16,762	18,958	33,205	39,118
Income before income taxes	$ 61,529	$ 67,122	$ 112,147	$ 114,972