Tredegar (TG) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 04, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	TREDEGAR CORP
Entity Central Index Key	850,429
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		32,679,712

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 46,609	$ 50,056
Accounts and other receivables, net of allowance for doubtful accounts and sales returns of $2,922 in 2015 and $2,610 in 2014	108,030	113,341
Income Taxes Receivable, Current	366	877
Inventories	65,511	74,308
Deferred income taxes	8,120	8,877
Prepaid expenses and other	7,265	8,283
Total current assets	235,901	255,742
Property, plant and equipment, at cost	750,066	790,622
Less accumulated depreciation	(521,931)	(520,665)
Net property, plant and equipment	228,135	269,957
Intangible Assets, Net (Including Goodwill)	153,816	215,129
Other assets and deferred charges	46,502	47,798
Total assets	664,354	788,626
Current liabilities:
Accounts payable	77,464	94,131
Accrued expenses	35,093	32,049
Total current liabilities	112,557	126,180
Long-term debt	134,000	137,250
Deferred income taxes	27,259	39,255
Other noncurrent liabilities	108,788	113,912
Total liabilities	$ 382,604	$ 416,597
Commitments and contingencies (Notes 1 and 15)
Shareholders’ equity:
Common stock, no par value (issued and outstanding - 32,673,712 at September 30, 2015 and 32,422,082 at December 31, 2014)	$ 29,297	$ 24,364
Common stock held in trust for savings restoration plan (67,155 shares at September 30, 2015 and 66,255 shares at December 31, 2014)	(1,459)	(1,440)
Foreign currency translation adjustment	(111,892)	(47,270)
Gain (loss) on derivative financial instruments	(1,140)	656
Pension and other post-retirement benefit adjustments	(95,986)	(103,581)
Retained earnings	462,930	499,300
Total shareholders’ equity	281,750	372,029
Total liabilities and shareholders’ equity	$ 664,354	$ 788,626

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accounts and other receivables, allowance for doubtful accounts and sales returns	$ 2,922	$ 2,610
Common stock, no par value
Common stock, shares issued	32,673,712	32,422,082
Common stock, shares outstanding	32,673,712	32,422,082
Common Stock, Shares Held in Employee Trust, Shares	67,155	66,255

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues and other items:
Sales	$ 223,772	$ 240,429	$ 679,188	$ 712,607
Other income (expense), net	147	3,912	379	(6,318)
Total revenues, net of other expenses	223,919	244,341	679,567	706,289
Costs and expenses:
Cost of goods sold	182,442	198,121	555,627	580,899
Freight	7,862	7,726	22,930	20,897
Selling, general and administrative	14,709	16,902	53,680	51,733
Research and development	3,774	3,012	11,926	9,003
Amortization of intangibles	990	1,415	3,113	4,237
Interest expense	901	590	2,679	1,751
Asset impairments and costs associated with exit and disposal activities, net of adjustments	2,117	461	2,342	2,652
Goodwill, Impairment Loss	44,465	0	44,465	0
Total	257,260	228,227	696,762	671,172
Income (loss) from continuing operations before income taxes	(33,341)	16,114	(17,195)	35,117
Income taxes from continuing operations	3,382	5,369	9,064	12,141
Income (loss) from continuing operations	(36,723)	10,745	(26,259)	22,976
Income (loss) from discontinued operations, net of tax	0	850	0	850
Net income (loss)	$ (36,723)	$ 11,595	$ (26,259)	$ 23,826
Basic
Continuing operations	$ (1.13)	$ 0.33	$ (0.81)	$ 0.71
Discontinued operations	0	0.03	0	0.03
Net income (loss)	(1.13)	0.36	(0.81)	0.74
Diluted
Continuing operations	(1.13)	0.33	(0.81)	0.70
Discontinued operations	0	0.03	0	0.03
Net income (loss)	$ (1.13)	$ 0.36	$ (0.81)	$ 0.73
Shares used to compute earnings (loss) per share:
Basic	32,605	32,319	32,566	32,291
Diluted	32,605	32,507	32,566	32,589
Dividends per share	$ 0.11	$ 0.09	$ 0.31	$ 0.25

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (36,723)	$ 11,595	$ (26,259)	$ 23,826
Other comprehensive income (loss):
Foreign currency translation adjustment	(35,526)	(19,880)	(64,622)	(10,640)
Derivative financial instruments adjustment	(155)	(56)	(1,796)	217
Amortization of prior service costs and net gains or losses	2,550	1,469	7,595	4,949
Other comprehensive income (loss)	(33,131)	(18,467)	(58,823)	(5,474)
Comprehensive income (loss)	$ (69,854)	$ (6,872)	$ (85,082)	$ 18,352

Consolidated Statements Of Com6

Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax (benefit)	$ (122)	$ (2,560)	$ (1,506)	$ (2,310)
Derivative financial instruments adjustment, tax (benefit)	(92)	(31)	(1,082)	136
Amortization of prior service costs and net gains or losses, tax	$ 1,478	$ 842	$ 4,402	$ 2,836

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ (26,259)	$ 23,826
Adjustments for noncash items:
Depreciation	23,932	26,571
Amortization of intangibles	3,113	4,237
Goodwill, Impairment Loss	44,465	0
Deferred income taxes	(7,526)	(4,063)
Accrued pension and post-retirement benefits	9,358	5,265
Loss on investment accounted for under the fair value method	0	(2,900)
Loss on asset impairments and divestitures	319	993
Gain (Loss) on Disposition of Assets	(11)	(919)
Changes in assets and liabilities, net of effects of acquisitions and divestitures:
Accounts and other receivables	(4,725)	(22,274)
Inventories	1,205	(1,885)
Income taxes recoverable/payable	184	(1,993)
Prepaid expenses and other	(1,141)	535
Accounts payable and accrued expenses	(9,028)	7,940
Other, net	(544)	1,898
Net cash provided by operating activities	33,342	37,231
Cash flows from investing activities:
Capital expenditures	(23,382)	(32,587)
Proceeds from the sale of assets and other	949	5,053
Net cash used in investing activities	(22,433)	(27,534)
Cash flows from financing activities:
Borrowings	88,000	67,250
Debt principal payments and financing costs	(91,328)	(67,528)
Dividends paid	(10,130)	(8,090)
Proceeds from exercise of stock options and other	2,794	(106)
Net cash used in financing activities	(10,664)	(8,474)
Effect of exchange rate changes on cash	(3,692)	(1,910)
Increase (decrease) in cash and cash equivalents	(3,447)	(687)
Cash and cash equivalents at beginning of period	50,056	52,617
Cash and cash equivalents at end of period	$ 46,609	$ 51,930

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Trust for Savings Restoration Plan	Foreign Currency Translation	Gain (Loss) on Derivative Financial Instruments	Pension & Other Post-retirement Benefit Adjust.
Beginning Balance at Dec. 31, 2014	$ 372,029	$ 24,364	$ 499,300	$ (1,440)	$ (47,270)	$ 656	$ (103,581)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	(26,259)		(26,259)
Foreign currency translation adjustment (net of tax benefit of $1,506)	(64,622)				(64,622)
Derivative financial instruments adjustment (net of tax benefit of $1,082)	(1,796)					(1,796)
Amortization of prior service costs and net gains or losses (net of tax of $4,402)	7,595						7,595
Cash dividends declared ($0.31 per share)	(10,130)		(10,130)
Stock-based compensation expense	3,244	3,244
Issued upon exercise of stock options & other	1,689	1,689
Tredegar common stock purchased by trust for savings restoration plan			19	(19)
Ending Balance at Sep. 30, 2015	$ 281,750	$ 29,297	$ 462,930	$ (1,459)	$ (111,892)	$ (1,140)	$ (95,986)

Consolidated Statements Of Sha9

Consolidated Statements Of Shareholders' Equity (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / shares
Statement of Stockholders' Equity [Abstract]
Foreign currency translation adjustment, tax (benefit)	$ (1,506)
Derivative financial instruments adjustment, tax (benefit)	(1,082)
Amortization of prior service costs and net gains or losses, tax	$ 4,402
Cash dividends declared, per share | $ / shares	$ 0.31

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Sep. 30, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	In the opinion of management, the accompanying consolidated financial statements of Tredegar Corporation and its subsidiaries (“Tredegar,” “the Company,” “we,” “us” or “our”) contain all adjustments necessary to state fairly, in all material respects, Tredegar’s consolidated financial position as of September 30, 2015 , the consolidated results of operations for the three and nine months ended September 30, 2015 and 2014 , the consolidated cash flows for the nine months ended September 30, 2015 and 2014 , and the consolidated changes in shareholders’ equity for the nine months ended September 30, 2015 . All such adjustments, unless otherwise detailed in the notes to the consolidated interim financial statements, are deemed to be of a normal, recurring nature. The financial position data as of December 31, 2014 that is included herein was derived from the audited consolidated financial statements provided in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 (“ 2014 Form 10-K”) but does not include all disclosures required by United States generally accepted accounting principles (“U.S. GAAP ”) . These financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s 2014 Form 10-K. The results of operations for the three and nine months ended September 30, 2015 , are not necessarily indicative of the results to be expected for the full year.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations	On February 12, 2008, Tredegar sold its aluminum extrusions business in Canada for approximately $25.0 million . All historical results for this business have been reflected as discontinued operations; however, cash flows for discontinued operations have not been separately disclosed in the consolidated statements of cash flows. Accruals for indemnifications under the purchase agreement related to environmental matters were adjusted in the third quarter and first nine months of 2014 , resulting in income from discontinued operations of $0.9 million ( $0.9 million after taxes) for both periods (none in the third quarter and the first nine months of 2015 , respectively).

Plants Shutdowns, Asset Impairm

Plants Shutdowns, Asset Impairments, Restructurings And Other	9 Months Ended
	Sep. 30, 2015
Restructuring Charges [Abstract]
Plant Shutdowns, Asset Impairments, Restructurings And Other	Plant shutdowns, asset impairments, restructurings and other charges are shown in the net sales and operating profit by segment table in Note 11, and unless otherwise noted below, are also included in “Asset impairments and costs associated with exit and disposal activities, net of adjustments” in the consolidated statements of income. Plant shutdowns, asset impairments, restructurings and other charges in the third quarter of 2015 include: • Pretax charges of $1.2 million associated with the consolidation of domestic polyethylene (“PE”) films manufacturing facilities, which includes severance and other employee-related costs of $0.3 million , asset impairments of $0.3 million , accelerated depreciation of $0.2 million (included in “Cost of goods sold” in the consolidated statements of income) and other facility consolidation-related expenses of $0.3 million ( $46,000 is included in “Cost of goods sold” in the consolidated statements of income); • Pretax charges of $0.9 million for severance and other employee-related costs associated with restructurings in PE Films ( $0.9 million ), Aluminum Extrusions ( $35,000 ) and Corporate ( $26,000 ; included in “Corporate expenses, net” in the statement of net sales and operating profit by segment included in Note 11); and • Pretax charges of $0.3 million associated with the shutdown of the aluminum extrusions manufacturing facility in Kentland, Indiana. Plant shutdowns, asset impairments, restructurings and other charges in the first nine months of 2015 include: • Pretax charges of $3.9 million (included in “Selling, general and administrative expense” in the consolidated statements of income and “Corporate expenses, net” in the statement of net sales and operating profit by segment included in Note 11) for severance and other employee-related costs associated with the resignation of the Company’s former chief executive and chief financial officers; • Pretax charges of $1.2 million associated with the consolidation of domestic PE films manufacturing facilities, which includes severance and other employee-related costs of $0.3 million , asset impairments of $0.3 million , accelerated depreciation of $0.2 million (included in “Cost of goods sold” in the consolidated statements of income) and other facility consolidation-related expenses of $0.3 million ( $46,000 is included in “Cost of goods sold” in the consolidated statements of income); • Pretax charge of $1.1 million for severance and other employee-related costs associated with restructurings in PE Films ( $0.9 million ), Flexible Packaging Films ( $0.2 million ), Aluminum Extrusions ( $35,000 ) and Corporate ( $26,000 ; included in “Corporate expenses, net” in the statement of net sales and operating profit by segment included in Note 11); • Pretax charges of $0.3 million associated with the shutdown of the aluminum extrusions manufacturing facility in Kentland, Indiana. Plant shutdowns, asset impairments, restructurings and other charges in the third quarter of 2014 include: • Pretax charges of $0.4 million associated with severance and other employee-related costs associated with restructurings in Flexible Packaging Films ( $0.3 million ), PE Films ( $0.1 million ) and Aluminum Extrusions ( $31,000 ); • Pretax charges of $75,000 related to expected future environmental costs at the Company’s aluminum extrusions manufacturing facility in Newnan, Georgia (included in “Cost of goods sold” in the consolidated statements of income); • Pretax charges of $37,000 associated with the shutdown of the PE films manufacturing facility in Red Springs, North Carolina; and • Pretax charges of $20,000 associated with the shutdown of the aluminum extrusions manufacturing facility in Kentland, Indiana. Plant shutdowns, asset impairments, restructurings and other charges in the first nine months of 2014 include: • Pretax charge of $10 million associated with a one-time, lump sum license payment to 3M after the Company settled all litigation issues associated with a patent infringement complaint (see Note 15 for additional detail on this legal matter); • Pretax charges of $1.8 million associated with severance and other employee-related costs associated with restructurings in PE Films ( $1.5 million ), Flexible Packaging Films ( $0.3 million ) and Aluminum Extrusions ( $31,000 ); • Pretax charges of $0.8 million associated with the shutdown of the PE films manufacturing facility in Red Springs, North Carolina, which includes severance and other employee-related costs of $0.5 million and asset impairment and other shutdown-related charges of $0.3 million ; • Pretax charges of $0.2 million related to expected future environmental costs at the Company’s aluminum extrusions manufacturing facility in Newnan, Georgia (included in “Cost of goods sold” in the consolidated statements of income); and • Pretax charges of $43,000 associated with the shutdown of the aluminum extrusions manufacturing facility in Kentland, Indiana. Results in the third quarter and first nine months of 2014 include unrealized gains on the Company’s investment in kaleo, Inc (“kaléo”), which is accounted for under the fair value method (included in “Other income (expense), net” in the consolidated statements of income), of $4.0 million ( $2.5 million after taxes) and $2.9 million ( $1.8 million after taxes), respectively. Unrealized losses (included in “Other income (expense), net” in the consolidated statements of income and “Corporate expenses, net” in the statement of net sales and operating profit by segment) on the Company’s investment in the Harbinger Capital Partners Special Situations Fund, L.P. (“Harbinger Fund”), which is accounted for under the cost method, of $0.2 million ( $0.1 million after taxes) and $0.8 million ( $0.5 million after taxes) in the third quarter and first nine months of 2014 , respectively, as a result of a reduction in the value of the investment that is not expected to be temporary. The Company realized a gain (included in “Other income (expense), net” in the consolidated statements of income) of $1.2 million ( $0.8 million after taxes) on the sale of a portion of its investment property in Alleghany and Bath counties in Virginia in the second quarter of 2014 . See Note 8 for additional information on investments. A reconciliation of the beginning and ending balances of accrued expenses associated with “Asset impairments and costs associated with exit and disposal activities, net of adjustments” in the consolidated statements of income for the nine months ended September 30, 2015 is as follows: (In Thousands) Severance Asset Impairments Other (a) Total Balance at January 1, 2015 $ 246 $ — $ 201 $ 447 Changes in 2015: Charges 1,451 319 572 2,342 Cash spent (558 ) — (365 ) (923 ) Charges against assets — (319 ) — (319 ) Balance at September 30, 2015 $ 1,139 $ — $ 408 $ 1,547 (a) Other includes other facility consolidation-related costs associated with the consolidation of North American PE Films manufacturing facilities and other shutdown-related costs associated with the shutdown of the Company’s aluminum extrusions manufacturing facility in Kentland, Indiana. In July 2015, the Company announced its intention to consolidate its domestic production for PE Films by restructuring the operations in its manufacturing facility in Lake Zurich, Illinois. Efforts to transition domestic production from the Lake Zurich manufacturing facility will require various machinery upgrades and equipment transfers to its other manufacturing facilities. Given PE Films’ focus on maintaining product quality and customer satisfaction, the Company anticipates that these activities will require 21 - 24 months to execute. The Company expects to recognize costs associated with the exit and disposal activities of approximately $4-5 million over a 21 - 24 month period. Estimated exit and disposal costs include severance charges and other employee-related expenses arising from the termination of employees of approximately $2-3 million and equipment transfers and other facility consolidation-related costs of approximately $2 million . During the same period of time, operating expenses will include the acceleration of approximately $3 million of non-cash depreciation expense for certain machinery and equipment at the Lake Zurich manufacturing facility. Total estimated cash expenditures of $13-14 million over a 21 - 24 month period include the following: • Cash outlays associated with previously discussed exit and disposal expenses of approximately $4 million ; • Capital expenditures associated with equipment upgrades at other film products manufacturing facilities in the United States of approximately $8 million ; • Cash incentives of approximately $1 million in connection with meeting safety and quality standards while production ramps down at the Lake Zurich manufacturing facility; and • Additional operating expenses of approximately $1 million associated with customer product qualifications on upgraded and transferred production lines.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2015
Inventory, Net [Abstract]
Inventories	The components of inventories are as follows: September 30, December 31, (In Thousands) 2015 2014 Finished goods $ 12,950 $ 17,559 Work-in-process 9,291 10,089 Raw materials 22,070 25,227 Stores, supplies and other 21,200 21,433 Total $ 65,511 $ 74,308

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Basic earnings (loss) per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings (loss) per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows: Three Months Ended Nine Months Ended September 30, September 30, (In Thousands) 2015 2014 2015 2014 Weighted average shares outstanding used to compute basic earnings per share 32,605 32,319 32,566 32,291 Incremental dilutive shares attributable to stock options and restricted stock — 188 — 298 Shares used to compute diluted earnings per share 32,605 32,507 32,566 32,589 Incremental shares attributable to stock options and restricted stock are computed under the treasury stock method using the average market price during the related period. The Company had a net loss from continuing operations for the three and nine months ended September 30, 2015, so there is no dilutive impact for such shares. If the Company had reported net income from continuing operations for the three and nine months ended September 30, 2015 , average out-of-the-money options to purchase shares that would have been excluded from the calculation of incremental shares attributable to stock options and restricted stock were 735,248 and 482,568 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2015 : (In Thousands) Foreign currency translation adjustment Gain (loss) on derivative financial instruments Pension and other post-retirement benefit adjustments Total Beginning balance, January 1, 2015 $ (47,270 ) $ 656 $ (103,581 ) $ (150,195 ) Other comprehensive income (loss) before reclassifications (64,622 ) (2,930 ) — (67,552 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,134 7,595 8,729 Net other comprehensive income (loss) - current period (64,622 ) (1,796 ) 7,595 (58,823 ) Ending balance, September 30, 2015 $ (111,892 ) $ (1,140 ) $ (95,986 ) $ (209,018 ) The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2014 : (In Thousands) Foreign Gain (loss) on Pension and Total Beginning balance, January 1, 2014 $ (19,205 ) $ 765 $ (71,848 ) $ (90,288 ) Other comprehensive income (loss) before reclassifications (10,640 ) 433 — (10,207 ) Amounts reclassified from accumulated other comprehensive income (loss) — (216 ) 4,949 4,733 Net other comprehensive income (loss) - current period (10,640 ) 217 4,949 (5,474 ) Ending balance, September 30, 2014 $ (29,845 ) $ 982 $ (66,899 ) $ (95,762 ) Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended September 30, 2015 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ (1,338 ) Cost of sales Foreign currency forward contracts, before taxes 15 Cost of sales Total, before taxes (1,323 ) Income tax expense (benefit) (498 ) Income taxes Total, net of tax $ (825 ) Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (4,028 ) (a) Income tax expense (benefit) (1,478 ) Income taxes Total, net of tax $ (2,550 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2015 are summarized as follows: : (In Thousands) Amount reclassified from other comprehensive income Location of gain (loss) reclassified from accumulated other comprehensive income to net income Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ (1,867 ) Cost of sales Foreign currency forward contracts, before taxes 46 Cost of sales Total, before taxes (1,821 ) Income tax expense (benefit) (687 ) Income taxes Total, net of tax $ (1,134 ) Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (11,997 ) (a) Income tax expense (benefit) (4,402 ) Income taxes Total, net of tax $ (7,595 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended September 30, 2014 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ 300 Cost of sales Foreign currency forward contracts, before taxes — Total, before taxes 300 Income tax expense (benefit) 113 Income taxes Total, net of tax $ 187 Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (2,311 ) (a) Income tax expense (benefit) (842 ) Income taxes Total, net of tax $ (1,469 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2014 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ 346 Cost of sales Foreign currency forward contracts, before taxes — Total, before taxes 346 Income tax expense (benefit) 130 Income taxes Total, net of tax $ 216 Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (7,785 ) (a) Income tax expense (benefit) (2,836 ) Income taxes Total, net of tax $ (4,949 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).

Investments

Investments	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Investments	In August 2007 and December 2008, the Company made an aggregate investment of $7.5 million in kaléo, a privately held specialty pharmaceutical company. The mission of kaléo is to set a new standard in life-saving personal medical products designed to enable superior treatment outcomes, improved cost effectiveness and intuitive patient administration. Tredegar’s ownership interest on a fully diluted basis is approximately 20% , and the investment is accounted for under the fair value method. At the time of the initial investment, the Company elected the fair value option over the equity method of accounting since its investment objectives were similar to those of venture capitalists, which typically do not have controlling financial interests. The estimated fair value of the investment in kaléo (also the carrying value, which is included in “Other assets and deferred charges” in the consolidated balance sheet) was $39.1 million at September 30, 2015 and December 31, 2014 , respectively. In 2009, kaléo licensed exclusive rights to sanofi-aventis U.S. LLC (Sanofi) to commercialize an epinephrine auto-injector in the U.S. and Canada. Sanofi began manufacturing and distributing the epinephrine auto-injector, under the names Auvi-Q ® in the U.S. and Allerject ® in Canada, in 2013. Sanofi announced on October 28, 2015 a voluntary recall of all Auvi-Q and Allerject epinephrine injectors currently on the market. The adverse impact that this recall will have on the estimated fair value of the Company’s investment in kaléo is unknown at this time. The fair value estimates are based upon significant unobservable (Level 3) inputs since there is no secondary market for the Company’s ownership interest. Accordingly, until the next round of financing or other significant financial transaction, value estimates will primarily be based on assumptions relating to meeting product development and commercialization milestones, corresponding cash flow projections (projections of sales, costs, expenses, capital expenditures and working capital investment) and discounting of these factors for the high degree of risk. Adjustments to the estimated fair value of the Company’s investment in kaléo will be made in the period during which changes can be quantified. The Company recognized an unrealized gain on its investment in kaléo (included in “Other income (expense), net” in the consolidated statements of income) of $4.0 million and $2.9 million in the third quarter and first nine months of 2014 , respectively (none in the third quarter and first nine months of 2015 ). The unrealized gain in the third quarter of 2014 can be primarily attributed to favorable changes for the passage of time as cash flows associated with achieving product development and commercialization milestones are discounted at 45% for their high degree of risk. In addition to the passage of time for discounted cash flows, the prior-year-to-date change in the fair value of kaléo reflected the impact of a lower weighted average cost of capital used to discount cash flow projections and adjustments to the amount and timing of cash flows associated with achieving product development and commercialization milestones. The fair market valuation of the Company’s interest in kaléo is sensitive to changes in the weighted average cost of capital used to discount cash flow projections for the high degree of risk associated with meeting development and commercialization milestones as anticipated. The weighted average cost of capital used in the fair market valuation of Tredegar’s interest in kaléo was 45% at September 30, 2015 and December 31, 2014 . At September 30, 2015 , the effect of a 500 basis point decrease in the weighted average cost of capital assumption would have increased the fair value of the interest in kaléo by approximately $6 million , and a 500 basis point increase in the weighted average cost of capital assumption would have decreased the fair value of the interest by approximately $5 million . Had the Company not elected to account for its investment under the fair value method, it would have been required to use the equity method of accounting. The condensed balance sheets for kaléo at September 30, 2015 and December 31, 2014 and condensed statement of operations for the three and nine months ended September 30, 2015 and 2014 , as reported to the Company by kaléo, are provided below: (In Thousands) September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Assets: Liabilities & Equity: Cash & short-term investments $ 95,720 $ 117,589 Restricted cash 8,182 14,498 Other current liabilities $ 8,192 $ 8,123 Other current assets 36,991 17,916 Other noncurrent liabilities 1,181 1,247 Property & equipment 8,955 10,824 Long term debt, net (a) 147,161 146,629 Patents 2,790 2,702 Redeemable preferred stock 23,675 22,946 Other long-term assets (a) 669 15 Equity (26,902 ) (15,401 ) Total assets $ 153,307 $ 163,544 Total liabilities & equity $ 153,307 $ 163,544 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues & Expenses: Revenues $ 28,084 $ 11,560 $ 43,002 $ 18,528 Cost of goods sold (3,438 ) (576 ) (8,575 ) (576 ) Expenses and other, net (b) (17,337 ) (13,832 ) (45,727 ) (36,806 ) Income tax benefit (expense) — 1,074 (4 ) 7,205 Net income (loss) $ 7,309 $ (1,774 ) $ (11,304 ) $ (11,649 ) (a) Certain immaterial prior year balances have been reclassified to conform with current year presentation. (b) “Expenses and other, net” includes selling, general and administrative expense, research and development expense, interest expense and other income (expense), net. The Company’s investment in the Harbinger Fund had a carrying value (included in “Other assets and deferred charges”) of $1.7 million and $1.8 million at September 30, 2015 and December 31, 2014 , respectively. The carrying value at September 30, 2015 reflected Tredegar’s cost basis in its investment in the Harbinger Fund, net of total withdrawal proceeds received and unrealized losses. The Company recorded unrealized losses of $0.2 million and $0.8 million in the third quarter and first nine months of 2014 , respectively, on its investment in the Harbinger Fund (included in “Other income (expense), net” in the consolidated statements of income) as a result of a reduction in the value of the investment that is not expected to be temporary (none in the third quarter and first nine months of 2015 ). Withdrawal proceeds were $0.1 million and $0.2 million in the first nine months of 2015 and 2014 , respectively. The timing and amount of future installments of withdrawal proceeds, which commenced in August 2010, were not known as of September 30, 2015 . Gains on the Company’s investment in the Harbinger Fund will be recognized when the amounts expected to be collected from any withdrawal from the investment are known, which will likely be when cash in excess of the remaining carrying value is received. Losses will be recognized when management believes it is probable that future withdrawal proceeds will not exceed the remaining carrying value. Tredegar has investment property in Alleghany and Bath Counties, Virginia. The Company realized a gain (included in “Other income (expense), net” in the consolidated statements of income) of $1.2 million ( $0.8 million after taxes) on the sale of a portion of this investment property in the second quarter of 2014. The carrying value in this investment property (included in “Other assets and deferred charges” on the consolidated balance sheets) was $2.6 million at September 30, 2015 and December 31, 2014 .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2015
Summary of Derivative Instruments [Abstract]
Derivative Financial Instruments	The Company uses derivative financial instruments for the purpose of hedging margin exposure from fixed-price forward sales contracts in Aluminum Extrusions and currency exchange rate exposures that exist due to specified transactions. When possible, derivative financial instruments utilized by Tredegar are designated as and qualify as cash flow hedges and are recognized in the consolidated balance sheet at fair value. A change in the fair value of derivatives that are highly effective and that are designated and qualify as cash flow hedges is recorded in other comprehensive income (loss). Gains and losses reported in other comprehensive income (loss) are reclassified to earnings in the periods in which earnings are affected by the variability of cash flows of the hedged transaction. Such gains and losses are reported on the same line as the underlying hedged item. Any hedge ineffectiveness (which represents the amount by which the changes in the fair value of the derivative exceed the variability in the cash flows of the forecasted transaction) is recorded in current period earnings. The amount of gains and losses recognized for hedge ineffectiveness was not material to the three and nine month periods ended September 30, 2015 and 2014 . The fair value of derivative instruments recorded on the consolidated balance sheets is based upon Level 2 inputs within the corresponding commodity or foreign currency markets. If individual derivative instruments with the same counterparty can be settled on a net basis, the Company records the corresponding derivative fair values as a net asset or net liability. In the normal course of business, the Company enters into fixed-price forward sales contracts with certain customers for the future sale of fixed quantities of aluminum extrusions at scheduled intervals. In order to hedge the margin exposure created from the fixing of future sales prices relative to volatile raw material (aluminum) costs, the Company enters into a combination of forward purchase commitments and futures contracts to acquire or hedge aluminum, based on the scheduled purchases for the firm sales commitments. The fixed-price firm sales commitments and related hedging instruments generally have durations of not more than 12 months, and the notional amount of aluminum futures contracts that hedged future purchases of aluminum to meet fixed-price forward sales contract obligations was $20.5 million ( 21.8 million pounds of aluminum) at September 30, 2015 and $8.6 million ( 7.8 million pounds of aluminum) at December 31, 2014 . The table below summarizes the location and gross amounts of aluminum futures contract fair values in the consolidated balance sheets as of September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (In Thousands) Balance Sheet Account Fair Value Balance Sheet Account Fair Value Derivatives Designated as Hedging Instruments Asset derivatives: Accrued expenses $ — Accrued expenses $ 82 Liability derivatives: Accrued expenses $ (3,069 ) Accrued expenses $ (318 ) Derivatives Not Designated as Hedging Instruments Asset derivatives: Accrued expenses $ — Accrued expenses $ 7 Liability derivatives: Accrued expenses $ — Accrued expenses $ (7 ) Net asset (liability) $ (3,069 ) $ (236 ) In the event that the counterparty to an aluminum fixed-price forward sales contract chooses to not take delivery of its aluminum extrusions, the customer is contractually obligated to compensate the Company for any losses on the related aluminum futures and/or forward purchase contracts through the date of cancellation. The offsetting asset and liability positions for derivatives not designated as hedging instruments are associated with the unwinding of aluminum futures contracts that relate to such cancellations. Flexible Packaging Films utilized future fixed Euro-denominated contractual payments for equipment being purchased as part of our multi-year capacity expansion project at our film products manufacturing facility in Cabo de Santo Agostinho, Brazil. The Company used fixed-rate Euro forward contracts with various settlement dates to hedge exchange rate exposure on these obligations. The Company did not have any outstanding fixed-rate forward contracts as of September 30, 2015 or December 31, 2014 . These derivative contracts involve elements of market risk that are not reflected on the consolidated balance sheet, including the risk of dealing with counterparties and their ability to meet the terms of the contracts. The counterparties to any forward purchase commitments are major aluminum brokers and suppliers, and the counterparties to any aluminum futures contracts are major financial institutions. Fixed-price forward sales contracts are only made available to the best and most credit-worthy customers. The counterparties to our foreign currency futures and zero-cost collar contracts are major financial institutions. The effect on net income and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three and nine month periods ended September 30, 2015 and 2014 is summarized in the table below: (In Thousands) Cash Flow Derivative Hedges Aluminum Futures Contracts Foreign Currency Forwards Three Months Ended September 30, 2015 2014 2015 2014 Amount of pre-tax gain (loss) recognized in other comprehensive income $ (1,570 ) $ 320 $ — $ (112 ) Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) Cost of Cost of Cost of Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) $ (1,338 ) $ 300 $ 15 $ — Aluminum Futures Contracts Foreign Currency Forwards Nine Months Ended September 30, 2015 2014 2015 2014 Amount of pre-tax gain (loss) recognized in other comprehensive income $ (4,699 ) $ 817 $ — $ (117 ) Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) Cost of Cost of Cost of Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) $ (1,867 ) $ 346 $ 46 $ — As of September 30, 2015 , the Company expects $1.9 million of unrealized after-tax losses on derivative instruments reported in accumulated other comprehensive income (loss) to be reclassified to earnings within the next 12 months. For the three and nine month periods ended September 30, 2015 and 2014 , net gains or losses realized on previously unrealized net gains or losses from hedges that had been discontinued were not significant.

Pension And Other Post-Retireme

Pension And Other Post-Retirement Benefits	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pension And Other Post-Retirement Benefits	The Company sponsors noncontributory defined benefit (pension) plans covering most employees. The plans for salaried and hourly employees currently in effect are based on a formula using the participant’s years of service and compensation or using the participant’s years of service and a dollar amount. The plan is closed to new participants, and based on plan changes announced in 2006, pay for active plan participants was frozen as of December 31, 2007. Beginning in the first quarter of 2014, with the exception of plan participants at two of Tredegar’s U.S. manufacturing facilities, the plan no longer accrued benefits associated with crediting employees for service, thereby freezing future benefits under the plan. The components of net periodic benefit cost for our pension and other post-retirement benefit programs reflected in consolidated results are shown below: Pension Benefits Other Post-Retirement Benefits Three Months Ended September 30, Three Months Ended September 30, (In Thousands) 2015 2014 2015 2014 Service cost $ 110 $ 109 $ 9 $ 13 Interest cost 3,288 3,365 77 93 Expected return on plan assets (4,413 ) (4,610 ) — — Amortization of prior service costs, gains or losses and net transition asset 4,094 2,388 (65 ) (76 ) Net periodic benefit cost $ 3,079 $ 1,252 $ 21 $ 30 Pension Benefits Other Post-Retirement Benefits Nine Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Service cost $ 398 $ 758 $ 33 $ 39 Interest cost 9,913 10,048 244 279 Expected return on plan assets (13,227 ) (13,726 ) — — Amortization of prior service costs, (gains) losses and net transition asset 12,142 8,016 (145 ) (230 ) Curtailment charge — 81 — — Net periodic benefit cost $ 9,226 $ 5,177 $ 132 $ 88 Pension and other post-retirement liabilities were $99.5 million and $104.8 million at September 30, 2015 and December 31, 2014 , respectively ( $0.6 million included in “Accrued expenses” at September 30, 2015 and December 31, 2014 , with the remainder included in “Other noncurrent liabilities” in the consolidated balance sheets). The Company’s required contributions are expected to be approximately $2.4 million in 2015 . At September 30, 2015 , current year contributions to the underfunded pension plan were $2.3 million . Tredegar funds its other post-retirement benefits (life insurance and health benefits) on a claims-made basis, which the Company anticipates will be consistent with amounts paid for the year ended December 31, 2014 , or $0.3 million .

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segment Reporting	Therefore, the Company's business segments are now PE Films, Flexible Packaging Films and Aluminum Extrusions. All historical results for PE Films and Flexible Packaging Films have been separately presented to conform with the new presentation of segments. Information by business segment is reported below. There are no accounting transactions between segments and no allocations to segments. Net sales (sales less freight) and operating profit from ongoing operations are the measures of sales and operating profit used by the chief operating decision maker for purposes of assessing performance. The following table presents net sales and operating profit by segment for the three and nine month periods ended September 30, 2015 and 2014 : Three Months Ended September 30, Nine Months Ended September 30, (In Thousands) 2015 2014 2015 2014 Net Sales PE Films $ 93,943 $ 115,155 $ 292,259 $ 354,892 Flexible Packaging Films 27,155 27,943 77,339 83,382 Aluminum Extrusions 94,812 89,605 286,660 253,436 Total net sales 215,910 232,703 656,258 691,710 Add back freight 7,862 7,726 22,930 20,897 Sales as shown in the Consolidated Statements of Income 223,772 240,429 679,188 712,607 Operating Profit PE Films: Ongoing operations 9,745 14,471 35,849 47,174 Plant shutdowns, asset impairments, restructurings and other (2,044 ) (113 ) (2,051 ) (12,281 ) Flexible Packaging Films: Ongoing operations 4,102 (1,265 ) 1,793 (2,283 ) Plant shutdowns, asset impairments, restructurings and other — (297 ) (185 ) (297 ) Goodwill impairment charge (44,465 ) — (44,465 ) — Aluminum Extrusions: Ongoing operations 7,272 5,752 20,863 18,563 Plant shutdowns, asset impairments, restructurings and other (331 ) (126 ) (364 ) (300 ) Total (25,721 ) 18,422 11,440 50,576 Interest income 76 117 247 419 Interest expense 901 590 2,679 1,751 Gain (loss) on investment accounted for under fair value method — 4,000 — 2,900 Gain on sale of investment property — — — 1,208 Stock option-based compensation costs 73 358 571 944 Corporate expenses, net 6,722 5,477 25,632 17,291 Income (loss) from continuing operations before income taxes (33,341 ) 16,114 (17,195 ) 35,117 Income taxes from continuing operations 3,382 5,369 9,064 12,141 Income (loss) from continuing operations (36,723 ) 10,745 (26,259 ) 22,976 Income (loss) from discontinued operations, net of tax — 850 — 850 Net income (loss) $ (36,723 ) $ 11,595 $ (26,259 ) $ 23,826 The following table presents identifiable assets by segment at September 30, 2015 and December 31, 2014 : (In Thousands) September 30, 2015 December 31, 2014 PE Films $ 274,180 $ 283,606 Flexible Packaging Films 149,510 262,604 Aluminum Extrusions 145,717 143,328 Subtotal 569,407 689,538 General corporate 48,338 49,032 Cash and cash equivalents 46,609 50,056 Total $ 664,354 $ 788,626

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Therefore, the effective tax rate from continuing operations in the first nine months of 2015 was (52.7)% , compared to 34.6% in the first nine months of 2014 . The significant differences between the U.S. federal statutory rate and the effective income tax rate from continuing operations for the nine months ended September 30, 2015 and 2014 are as follows, with impact of such items in 2015 being reversed as a result of current-year pre-tax net losses from continuing operations: Percent of Income Before Income Taxes Nine Months Ended September 30, 2015 2014 Income tax expense at federal statutory rate 35.0 35.0 Domestic production activities deduction 5.1 (2.1 ) Changes in estimates related to prior year tax provision 2.9 (0.4 ) Foreign rate differences 2.8 (1.2 ) Valuation allowance for capital loss carry-forwards 1.8 (0.2 ) Foreign tax incentives — (0.1 ) Valuation allowance for foreign operating loss carry-forwards (1.0 ) (1.1 ) Non-deductible expenses (1.7 ) 0.2 Unremitted earnings from foreign operations (2.0 ) 1.2 State taxes, net of federal income tax benefit (2.4 ) 1.6 Income tax contingency accruals and tax settlements (2.8 ) 1.8 Goodwill impairment charge (90.5 ) — Other 0.1 (0.1 ) Effective income tax rate from continuing operations (52.7 ) 34.6 In 2014, the Brazilian federal statutory income tax rate was a composite of 34.0% ( 25.0% of income tax and 9.0% of social contribution on income). Terphane’s manufacturing facility in Brazil is the beneficiary of certain income tax incentives that allow for a reduction in the statutory Brazilian federal income tax rate levied on the operating profit of its products. These incentives produced a current effective tax rate of 15.25% for Terphane Ltda. ( 6.25% of income tax and 9.0% social contribution on income). These incentives had previously expired at the end of 2014. In September 2015, the local Brazilian authorities renewed these tax incentives. The incentives have been granted for a 10 -year period, which has a retroactive commencement date of January 1, 2015. The benefit from tax incentives was $0.1 million ( 0 cents per share) in the first nine months of 2014 (none in the first nine months of 2015 ). In connection with its capacity expansion project in Brazil, the Company paid certain social taxes associated with the purchase of machinery and equipment and construction of buildings and other long-term assets. Payments of these taxes in Brazil were included in “Net cash used in investing activities” given the nature of the underlying use of cash (e.g. the purchase of property, plant and equipment). The Company can recover tax credits associated with the purchase of machinery and equipment at different points over a period up to 24 months. Once the machinery and equipment was placed into service in the fourth quarter of 2014, the Company started applying these tax credits against various other taxes due in Brazil, with their recovery being reflected as cash received from investing activities, consistent with the classification of the original payments. Income taxes in 2015 included a partial reversal of a valuation allowance of $0.3 million related to the expected limitations on the utilization of assumed capital losses on certain investments that were recognized in prior years. Income taxes in 2014 included the partial reversal of a valuation allowance of $0.1 million related to the expected limitations on the utilization of assumed capital losses on certain investments. The Company has a valuation allowance for excess capital losses from investments and other related items of $11.1 million at September 30, 2015 . Tredegar continues to evaluate opportunities to utilize these loss carryforwards prior to their expiration at various dates in the future. As events and circumstances warrant, allowances will be reversed when it is more likely than not that future taxable income will exceed deductible amounts, thereby resulting in the realization of deferred tax assets. Tredegar and its subsidiaries file income tax returns in the U.S., various states and jurisdictions outside the U.S. With few exceptions, Tredegar and its subsidiaries are no longer subject to U.S. federal, state or non-U.S. income tax examinations by tax authorities for years before 2012.

Debt (Notes)

Debt (Notes)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	On March 31, 2015, Tredegar entered into Amendment No. 2 (the “Amendment”) to its $350 million five -year, unsecured revolving credit facility (as amended, the “Credit Agreement”) dated as of April 23, 2012. The Amendment removes the negative covenant prohibiting Consolidated Stockholders’ Equity, at any time, to be less than $320 million increased on a cumulative basis at the end of each fiscal quarter, beginning with the fiscal quarter ending March 31, 2012, by an amount equal to 50% of Consolidated Net Income (to the extent positive) for the fiscal quarter then ended.

Shareholder Rights Agreement Sh

Shareholder Rights Agreement Shareholder Rights Agreement	9 Months Ended
	Sep. 30, 2015
Warrants and Rights Note Disclosure [Abstract]
Shareholder Rights Agreement	Pursuant to the Second Amended and Restated Rights Agreement (the “Rights Agreement”), dated as of November 18, 2013, with Computershare Trust Company, N.A., as Rights Agent, one purchase right (a “Right”) was attached to each outstanding share of the Company’s Common Stock. Each Right entitled the registered holder to purchase from Tredegar one one-hundredth of a share of our Series A Participating Cumulative Preferred Stock (the “Preferred Stock”) at an exercise price of $150 , subject to adjustment. Unless otherwise noted in the Rights Agreement, the Rights would have become exercisable, if not earlier redeemed, only if a person or group (i) acquired beneficial ownership of 20% or more of the outstanding shares of our Common Stock or (ii) commenced, or publicly disclosed an intention to commence, a tender offer or exchange offer that would have resulted in beneficial ownership by a person or group of 20% or more of the outstanding shares of our Common Stock. On February 19, 2014, the Company’s Board of Directors authorized the termination of the Rights Agreement and the redemption of all of the outstanding Rights, at a redemption price of $.01 per Right to be paid in cash to shareholders of record as of the close of business on March 3, 2014. The corresponding redemption payment of $0.3 million was made in the first quarter of 2014.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	In 2011, Tredegar was notified by U.S. Customs and Border Protection (“U.S. Customs”) that certain film products exported by Terphane to the U.S. since November 6, 2008 could be subject to duties associated with an antidumping duty order on imported PET films from Brazil. The Company contested the applicability of these antidumping duties to the films exported by Terphane, and it filed a request with the U.S. Department of Commerce (“Commerce”) for clarification about whether the film products at issue are within the scope of the antidumping duty order. On January 8, 2013, Commerce issued a scope ruling confirming that the films are not subject to the order, provided that Terphane can establish to the satisfaction of U.S. Customs that the performance enhancing layer on those films is greater than 0.00001 inches thick. The films at issue are manufactured to specifications that exceed that threshold. On February 6, 2013, certain U.S. producers of PET film filed a summons with the U.S. Court of International Trade to appeal the scope ruling from Commerce. If U.S. Customs ultimately were to require the collection of anti-dumping duties because Commerce’s scope ruling was overturned on appeal, or otherwise, indemnifications for related liabilities are specifically provided for under the purchase agreement pursuant to which the Company acquired Terphane. In December 2014, the U.S. International Trade Commission voted to revoke the anti-dumping duty order on imported PET films from Brazil. The revocation, as a result of the vote by the U.S. International Trade Commission, was effective as of November 2013. On February 20, 2015, certain U.S. producers of PET films filed a summons with the U.S. Court of International Trade to appeal the determination by the U.S. International Trade Commission.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) and International Accounting Standards Board (“IASB”) issued their converged standard on revenue recognition. The revised revenue standard contains principles that an entity will apply to direct the measurement of revenue and timing of when it is recognized. The core principle of the guidance is that the recognition of revenue should depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which an entity expects to be entitled in exchange for those goods and services. To achieve that core principle, an entity will utilize a principle-based five-step approach model. The converged standard also includes more robust disclosure requirements which will require entities to provide sufficient information to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In July 2015, the FASB delayed the effective date of this revised standard to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early application is permitted as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that annual reporting period. The converged standard can be adopted either retrospectively or through the use of a practical expedient. The Company is still assessing the impact of this new guidance. In June 2014, the FASB issued a new standard to eliminate the concept of development stage entities and all related specified presentation and reporting requirements under U.S. GAAP. In addition, the amended standard eliminated the scope exception for development stage entities when evaluating the sufficiency of equity at risk for a variable interest entity (“VIE”), thereby changing consolidation conclusions in some situations. Except for the elimination of the scope exception for development stage entities when evaluating the sufficiency of equity at risk for a VIE, the revised guidance is effective for annual reporting periods beginning after December 15, 2014, including interim periods within that reporting period. The amendments to the consolidation guidance are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The new standard is not expected to impact the Company. In April 2015, the FASB issued new guidance requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that corresponding debt liability, consistent with debt discounts, rather than as a deferred charge (e.g. an asset). The new guidance did not address the presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. In August 2015, the FASB issued updated guidance that stated in the absence of authoritative guidance, debt issuance costs associated with line-of-credit arrangements could continue to be deferred and presented as an asset over the corresponding amortization period. The new guidance will be effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. The guidance requires that all prior period balance sheets be adjusted retrospectively, and early adoption is permitted. The Company expects to adopt the guidance by the first quarter of 2016. Deferred debt issuance costs associated with the Company’s Credit Agreement were $0.9 million and $1.1 million (included in “Other assets and deferred charges” in the consolidated balance sheet) at September 30, 2015 and December 31, 2014 , respectively. The Company does not anticipate that this guidance will impact its consolidated balance sheet as its current debt issuance costs are associated with a revolving line of credit. In May 2015, the FASB issued new guidance for investments measured at net asset value (“NAV”). Under the new guidance, investments measured at NAV, as a practical expedient for fair value, are excluded from the fair value hierarchy. Removing investments measured using the practical expedient from the fair value hierarchy is intended to eliminate diversity in practice that currently exists with respect to the categorization of these investments. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 for public business entities. Early adoption is permitted, including for financial statement periods that have not yet been issued. The Company is currently assessing the impact of this new guidance on its disclosures. In July 2015, the FASB issued new guidance for the measurement of inventories. Inventories within the scope of the revised guidance should be measured at the lower of cost or net realizable value. The previous guidance dictated that inventory should be measured at the lower of cost or market, with market either replacement cost, net realizable value or net realizable value less an approximation of normal profit margin. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Subsequent measurement is unchanged for inventories measured using LIFO or the retail inventory method. The amended guidance is effective for fiscal years beginning after December 31, 2016, including the interim periods within those fiscal years. The amendments should be applied prospectively, with early adoption permitted. The Company is still assessing the impact of this revised guidance. In September 2015, the FASB issued new guidance associated with accounting for adjustments to provisional amounts recognized in a business combination. To simplify the accounting for adjustments made to provisional amounts, the updated standard requires that the acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amount is determined. The acquirer is required to also record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. An entity is also required to present separately on the face of the income statement or disclose in the notes to the financial statements the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The revised guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years, with early adoption permitted. The amendments should be applied prospectively to adjustments to provisional amounts that occur after adoption. The Company will apply this guidance in accounting for future business combinations.

Goodwill Impairment Loss (Notes

Goodwill Impairment Loss (Notes)	9 Months Ended
	Sep. 30, 2014
Goodwill Impairment [Abstract]
Goodwill Disclosure [Text Block]	The Company assesses goodwill for impairment when events or circumstances indicate that the carrying value may not be recoverable, or at a minimum, on an annual basis (December 1 st of each year). Goodwill is assessed for impairment at the reporting unit level, and Tredegar’s reporting units are PE Films, PET Films and AACOA. The Company estimates the fair value of its reporting units using discounted cash flow analysis and comparative enterprise value-to-EBIDTA multiples. T he operations of PET Films, which is also referred to as Flexible Packaging Films or Terphane, continue to be adversely impacted by competitive pressures that are primarily related to ongoing unfavorable economic conditions in its primary market of Brazil and excess global capacity in the industry. The Company believes that these conditions have shifted the competitive environment from a regional to a global landscape and have driven price convergence and lower product margins for Terphane in Brazil. While recent favorable anti-dumping rulings have been issued against China, Egypt and India, authorities in Brazil have initiated new investigations of dumping against Peru and Bahrain. In light of market trends, increased economic uncertainty and continued dumping activity in Brazil, the Company reassessed its projections for the timing and extent of a market recovery for Terphane in the third quarter of 2015. The Company’s assessment of future prospects and timing of a recovery under these conditions indicate that its current enterprise value is less than approximately $120 million (PET Films’ net assets excluding goodwill), the minimum value needed to have avoided a full write-off of its goodwill. Accordingly, a goodwill impairment charge of $ 44.5 million ( $44.5 million after taxes) was recognized in PET Films in the third quarter of 2015. This impairment charge represents the entire amount of goodwill associated with the PET Films reporting unit. The goodwill of PE Films and AACOA will be tested for impairment at the annual testing date unless there is an indicator of impairment identified at an earlier date.

Plants Shutdowns, Asset Impai26

Plants Shutdowns, Asset Impairments, Restructurings And Other (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring Charges [Abstract]
Schedule Of Accrued Expenses Associated With Asset Impairments And Exit And Disposal Activities	A reconciliation of the beginning and ending balances of accrued expenses associated with “Asset impairments and costs associated with exit and disposal activities, net of adjustments” in the consolidated statements of income for the nine months ended September 30, 2015 is as follows: (In Thousands) Severance Asset Impairments Other (a) Total Balance at January 1, 2015 $ 246 $ — $ 201 $ 447 Changes in 2015: Charges 1,451 319 572 2,342 Cash spent (558 ) — (365 ) (923 ) Charges against assets — (319 ) — (319 ) Balance at September 30, 2015 $ 1,139 $ — $ 408 $ 1,547 (a) Other includes other facility consolidation-related costs associated with the consolidation of North American PE Films manufacturing facilities and other shutdown-related costs associated with the shutdown of the Company’s aluminum extrusions manufacturing facility in Kentland, Indiana.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory, Net [Abstract]
Schedule of Inventory, Current	The components of inventories are as follows: September 30, December 31, (In Thousands) 2015 2014 Finished goods $ 12,950 $ 17,559 Work-in-process 9,291 10,089 Raw materials 22,070 25,227 Stores, supplies and other 21,200 21,433 Total $ 65,511 $ 74,308

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Diluted earnings (loss) per share is computed by dividing net income by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows: Three Months Ended Nine Months Ended September 30, September 30, (In Thousands) 2015 2014 2015 2014 Weighted average shares outstanding used to compute basic earnings per share 32,605 32,319 32,566 32,291 Incremental dilutive shares attributable to stock options and restricted stock — 188 — 298 Shares used to compute diluted earnings per share 32,605 32,507 32,566 32,589

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2015
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of After-Tax Changes In Accumulated Other Comprehensive Income (Loss)	The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2015 : (In Thousands) Foreign currency translation adjustment Gain (loss) on derivative financial instruments Pension and other post-retirement benefit adjustments Total Beginning balance, January 1, 2015 $ (47,270 ) $ 656 $ (103,581 ) $ (150,195 ) Other comprehensive income (loss) before reclassifications (64,622 ) (2,930 ) — (67,552 ) Amounts reclassified from accumulated other comprehensive income (loss) — 1,134 7,595 8,729 Net other comprehensive income (loss) - current period (64,622 ) (1,796 ) 7,595 (58,823 ) Ending balance, September 30, 2015 $ (111,892 ) $ (1,140 ) $ (95,986 ) $ (209,018 ) The following table summarizes the after-tax changes in accumulated other comprehensive income (loss) for the nine months ended September 30, 2014 : (In Thousands) Foreign Gain (loss) on Pension and Total Beginning balance, January 1, 2014 $ (19,205 ) $ 765 $ (71,848 ) $ (90,288 ) Other comprehensive income (loss) before reclassifications (10,640 ) 433 — (10,207 ) Amounts reclassified from accumulated other comprehensive income (loss) — (216 ) 4,949 4,733 Net other comprehensive income (loss) - current period (10,640 ) 217 4,949 (5,474 ) Ending balance, September 30, 2014 $ (29,845 ) $ 982 $ (66,899 ) $ (95,762 )
Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income	Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended September 30, 2015 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ (1,338 ) Cost of sales Foreign currency forward contracts, before taxes 15 Cost of sales Total, before taxes (1,323 ) Income tax expense (benefit) (498 ) Income taxes Total, net of tax $ (825 ) Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (4,028 ) (a) Income tax expense (benefit) (1,478 ) Income taxes Total, net of tax $ (2,550 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2015 are summarized as follows: : (In Thousands) Amount reclassified from other comprehensive income Location of gain (loss) reclassified from accumulated other comprehensive income to net income Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ (1,867 ) Cost of sales Foreign currency forward contracts, before taxes 46 Cost of sales Total, before taxes (1,821 ) Income tax expense (benefit) (687 ) Income taxes Total, net of tax $ (1,134 ) Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (11,997 ) (a) Income tax expense (benefit) (4,402 ) Income taxes Total, net of tax $ (7,595 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the three months ended September 30, 2014 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ 300 Cost of sales Foreign currency forward contracts, before taxes — Total, before taxes 300 Income tax expense (benefit) 113 Income taxes Total, net of tax $ 187 Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (2,311 ) (a) Income tax expense (benefit) (842 ) Income taxes Total, net of tax $ (1,469 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail). Reclassifications of balances out of accumulated other comprehensive income (loss) into net income for the nine months ended September 30, 2014 are summarized as follows: (In Thousands) Amount Location of gain Gain (loss) on derivative financial instruments: Aluminum future contracts, before taxes $ 346 Cost of sales Foreign currency forward contracts, before taxes — Total, before taxes 346 Income tax expense (benefit) 130 Income taxes Total, net of tax $ 216 Amortization of pension and other post-retirement benefits: Actuarial gain (loss) and prior service costs, before taxes $ (7,785 ) (a) Income tax expense (benefit) (2,836 ) Income taxes Total, net of tax $ (4,949 ) (a) This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Schedule Of Fair Value Method Investments, Balance Sheets And Income Statements	The condensed balance sheets for kaléo at September 30, 2015 and December 31, 2014 and condensed statement of operations for the three and nine months ended September 30, 2015 and 2014 , as reported to the Company by kaléo, are provided below: (In Thousands) September 30, 2015 December 31, 2014 September 30, 2015 December 31, 2014 Assets: Liabilities & Equity: Cash & short-term investments $ 95,720 $ 117,589 Restricted cash 8,182 14,498 Other current liabilities $ 8,192 $ 8,123 Other current assets 36,991 17,916 Other noncurrent liabilities 1,181 1,247 Property & equipment 8,955 10,824 Long term debt, net (a) 147,161 146,629 Patents 2,790 2,702 Redeemable preferred stock 23,675 22,946 Other long-term assets (a) 669 15 Equity (26,902 ) (15,401 ) Total assets $ 153,307 $ 163,544 Total liabilities & equity $ 153,307 $ 163,544 Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues & Expenses: Revenues $ 28,084 $ 11,560 $ 43,002 $ 18,528 Cost of goods sold (3,438 ) (576 ) (8,575 ) (576 ) Expenses and other, net (b) (17,337 ) (13,832 ) (45,727 ) (36,806 ) Income tax benefit (expense) — 1,074 (4 ) 7,205 Net income (loss) $ 7,309 $ (1,774 ) $ (11,304 ) $ (11,649 )

Derivative Financial Instrume31

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Derivatives, Fair Value [Line Items]
Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges	The effect on net income and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three and nine month periods ended September 30, 2015 and 2014 is summarized in the table below: (In Thousands) Cash Flow Derivative Hedges Aluminum Futures Contracts Foreign Currency Forwards Three Months Ended September 30, 2015 2014 2015 2014 Amount of pre-tax gain (loss) recognized in other comprehensive income $ (1,570 ) $ 320 $ — $ (112 ) Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) Cost of Cost of Cost of Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) $ (1,338 ) $ 300 $ 15 $ — Aluminum Futures Contracts Foreign Currency Forwards Nine Months Ended September 30, 2015 2014 2015 2014 Amount of pre-tax gain (loss) recognized in other comprehensive income $ (4,699 ) $ 817 $ — $ (117 ) Location of gain (loss) reclassified from accumulated other comprehensive income into net income (effective portion) Cost of Cost of Cost of Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion) $ (1,867 ) $ 346 $ 46 $ —
Aluminum Futures Contracts
Derivatives, Fair Value [Line Items]
Summary Of Location And Fair Value Of Derivative Financial Instruments	The table below summarizes the location and gross amounts of aluminum futures contract fair values in the consolidated balance sheets as of September 30, 2015 and December 31, 2014 : September 30, 2015 December 31, 2014 (In Thousands) Balance Sheet Account Fair Value Balance Sheet Account Fair Value Derivatives Designated as Hedging Instruments Asset derivatives: Accrued expenses $ — Accrued expenses $ 82 Liability derivatives: Accrued expenses $ (3,069 ) Accrued expenses $ (318 ) Derivatives Not Designated as Hedging Instruments Asset derivatives: Accrued expenses $ — Accrued expenses $ 7 Liability derivatives: Accrued expenses $ — Accrued expenses $ (7 ) Net asset (liability) $ (3,069 ) $ (236 )
Foreign Currency Forward Contracts
Derivatives, Fair Value [Line Items]
Summary Of Location And Fair Value Of Derivative Financial Instruments	.

Pension And Other Post-Retire32

Pension And Other Post-Retirement Benefits (Tables)	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule Of Components Of Net Periodic Benefit Cost For Pension And Other Post-Retirement Benefit Programs	The components of net periodic benefit cost for our pension and other post-retirement benefit programs reflected in consolidated results are shown below: Pension Benefits Other Post-Retirement Benefits Three Months Ended September 30, Three Months Ended September 30, (In Thousands) 2015 2014 2015 2014 Service cost $ 110 $ 109 $ 9 $ 13 Interest cost 3,288 3,365 77 93 Expected return on plan assets (4,413 ) (4,610 ) — — Amortization of prior service costs, gains or losses and net transition asset 4,094 2,388 (65 ) (76 ) Net periodic benefit cost $ 3,079 $ 1,252 $ 21 $ 30 Pension Benefits Other Post-Retirement Benefits Nine Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Service cost $ 398 $ 758 $ 33 $ 39 Interest cost 9,913 10,048 244 279 Expected return on plan assets (13,227 ) (13,726 ) — — Amortization of prior service costs, (gains) losses and net transition asset 12,142 8,016 (145 ) (230 ) Curtailment charge — 81 — — Net periodic benefit cost $ 9,226 $ 5,177 $ 132 $ 88

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment	The following table presents net sales and operating profit by segment for the three and nine month periods ended September 30, 2015 and 2014 : Three Months Ended September 30, Nine Months Ended September 30, (In Thousands) 2015 2014 2015 2014 Net Sales PE Films $ 93,943 $ 115,155 $ 292,259 $ 354,892 Flexible Packaging Films 27,155 27,943 77,339 83,382 Aluminum Extrusions 94,812 89,605 286,660 253,436 Total net sales 215,910 232,703 656,258 691,710 Add back freight 7,862 7,726 22,930 20,897 Sales as shown in the Consolidated Statements of Income 223,772 240,429 679,188 712,607 Operating Profit PE Films: Ongoing operations 9,745 14,471 35,849 47,174 Plant shutdowns, asset impairments, restructurings and other (2,044 ) (113 ) (2,051 ) (12,281 ) Flexible Packaging Films: Ongoing operations 4,102 (1,265 ) 1,793 (2,283 ) Plant shutdowns, asset impairments, restructurings and other — (297 ) (185 ) (297 ) Goodwill impairment charge (44,465 ) — (44,465 ) — Aluminum Extrusions: Ongoing operations 7,272 5,752 20,863 18,563 Plant shutdowns, asset impairments, restructurings and other (331 ) (126 ) (364 ) (300 ) Total (25,721 ) 18,422 11,440 50,576 Interest income 76 117 247 419 Interest expense 901 590 2,679 1,751 Gain (loss) on investment accounted for under fair value method — 4,000 — 2,900 Gain on sale of investment property — — — 1,208 Stock option-based compensation costs 73 358 571 944 Corporate expenses, net 6,722 5,477 25,632 17,291 Income (loss) from continuing operations before income taxes (33,341 ) 16,114 (17,195 ) 35,117 Income taxes from continuing operations 3,382 5,369 9,064 12,141 Income (loss) from continuing operations (36,723 ) 10,745 (26,259 ) 22,976 Income (loss) from discontinued operations, net of tax — 850 — 850 Net income (loss) $ (36,723 ) $ 11,595 $ (26,259 ) $ 23,826
Schedule Of Identifiable Assets By Segment	The following table presents identifiable assets by segment at September 30, 2015 and December 31, 2014 : (In Thousands) September 30, 2015 December 31, 2014 PE Films $ 274,180 $ 283,606 Flexible Packaging Films 149,510 262,604 Aluminum Extrusions 145,717 143,328 Subtotal 569,407 689,538 General corporate 48,338 49,032 Cash and cash equivalents 46,609 50,056 Total $ 664,354 $ 788,626

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule Of Effective Income Tax Rate For Continuing Operations	The significant differences between the U.S. federal statutory rate and the effective income tax rate from continuing operations for the nine months ended September 30, 2015 and 2014 are as follows, with impact of such items in 2015 being reversed as a result of current-year pre-tax net losses from continuing operations: Percent of Income Before Income Taxes Nine Months Ended September 30, 2015 2014 Income tax expense at federal statutory rate 35.0 35.0 Domestic production activities deduction 5.1 (2.1 ) Changes in estimates related to prior year tax provision 2.9 (0.4 ) Foreign rate differences 2.8 (1.2 ) Valuation allowance for capital loss carry-forwards 1.8 (0.2 ) Foreign tax incentives — (0.1 ) Valuation allowance for foreign operating loss carry-forwards (1.0 ) (1.1 ) Non-deductible expenses (1.7 ) 0.2 Unremitted earnings from foreign operations (2.0 ) 1.2 State taxes, net of federal income tax benefit (2.4 ) 1.6 Income tax contingency accruals and tax settlements (2.8 ) 1.8 Goodwill impairment charge (90.5 ) — Other 0.1 (0.1 ) Effective income tax rate from continuing operations (52.7 ) 34.6

Discontinued Operations (Detail

Discontinued Operations (Details) - Aluminum Extrusions Canada Business - USD ($) $ in Millions	Feb. 12, 2008	Sep. 30, 2014	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 25
Charges for indemnifications under the purchase agreement related to environmental matters		$ (0.9)	$ (0.9)
Charges for indemnifications under the purchase agreement related to environmental matters, net of tax		$ (0.9)	$ (0.9)

Plants Shutdowns, Asset Impai36

Plants Shutdowns, Asset Impairments, Restructurings And Other (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs	$ 900,000	$ 400,000	$ 1,100,000	$ 1,800,000
Loss on asset impairments and divestitures			319,000	993,000
Other Non-Operating and Non-Recurring Charges [Abstract]
Unrealized gain (loss) on investment under fair value method			0	2,900,000
Gain (Loss) on Disposition of Assets			11,000	919,000
Harbinger Fund
Other Non-Operating and Non-Recurring Charges [Abstract]
Cost-method investment, OTTI	0	200,000	0	800,000
Cost-method investment, OTTI net of tax		100,000		500,000
kaleo
Other Non-Operating and Non-Recurring Charges [Abstract]
Unrealized gain (loss) on investment under fair value method	0	4,000,000	0	2,900,000
Unrealized gain (loss) on investment under fair value method, after taxes	0	2,500,000	0	1,800,000
Corporate [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs			3,900,000
PE Films
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs	900,000	100,000	900,000	1,500,000
Flexible Packaging Films [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs		300,000	200,000	300,000
Aluminum Extrusions
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs	35,000	31,000	35,000	31,000
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Pretax charges for severance and other employee-related costs	26,000		26,000
Film Products Manufacturing Facility In Red Springs North Carolina | Facility Closing
Restructuring Cost and Reserve [Line Items]
Plant shutdown related expenditures		37,000		800,000
Pretax charges for severance and other employee-related costs				500,000
Pretax loss for asset impairments				300,000
Aluminum Extrusions Manufacturing Facility In Kentland Indiana [Member] | Facility Closing
Restructuring Cost and Reserve [Line Items]
Plant shutdown related expenditures	300,000	20,000	300,000	43,000
Aluminum Extrusions Manufacturing Facility In Newnan Georgia [Member]
Restructuring Cost and Reserve [Line Items]
Environmental Remediation Expense		75,000		200,000
Alleghany and Bath County, Virginia [Member]
Other Non-Operating and Non-Recurring Charges [Abstract]
Gain (Loss) on Disposition of Assets	0	$ 0	0	1,208,000
Gain (Loss) on Sale of Investment Property, After Tax				800,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member]
Restructuring Cost and Reserve [Line Items]
AcceleratedDepreciationExpectedCost	3,000,000		3,000,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,000,000		2,000,000
Plant shutdown related expenditures	1,200,000		1,200,000
Pretax charges for severance and other employee-related costs	300,000		300,000
Loss on asset impairments and divestitures	300,000		300,000
Accelerated Depreciation Expense	200,000		200,000
Other Restructuring Costs	300,000		300,000
Other Plant Consolidation Expenses - Cost of Goods Sold			46,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | RestructuringSeverance&EquipmentTransfers [Member]
Restructuring Cost and Reserve [Line Items]
RestructuringExpectedCashOutflows	4,000,000		4,000,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | RestructuringCapExEquiptUpgrades [Member]
Restructuring Cost and Reserve [Line Items]
RestructuringExpectedCashOutflows	8,000,000		8,000,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | RestructuringSafetyQualityIncentives [Member]
Restructuring Cost and Reserve [Line Items]
RestructuringExpectedCashOutflows	1,000,000		1,000,000
FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | RestructuringProductQualifications [Member]
Restructuring Cost and Reserve [Line Items]
RestructuringExpectedCashOutflows	1,000,000		$ 1,000,000
3M vs. Tredegar
Other Non-Operating and Non-Recurring Charges [Abstract]
Litigation Settlement, Amount				$ 10,000,000
Minimum | FilmProductsManufacturingFacilityInLakeZurichIllinois [Member]
Restructuring Cost and Reserve [Line Items]
EstimatedLengthOfRestructuringProject			21 months
Restructuring and Related Cost, Expected Cost	4,000,000		$ 4,000,000
RestructuringExpectedCashOutflows	13,000,000		13,000,000
Minimum | FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,000,000		$ 2,000,000
Maximum | FilmProductsManufacturingFacilityInLakeZurichIllinois [Member]
Restructuring Cost and Reserve [Line Items]
EstimatedLengthOfRestructuringProject			24 months
Restructuring and Related Cost, Expected Cost	5,000,000		$ 5,000,000
RestructuringExpectedCashOutflows	14,000,000		14,000,000
Maximum | FilmProductsManufacturingFacilityInLakeZurichIllinois [Member] | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 3,000,000		$ 3,000,000

Plants Shutdowns, Asset Impai37

Plants Shutdowns, Asset Impairments, Restructurings And Other (Schedule Of Accrued Expenses Associated With Asset Impairments And Exit And Disposal Activities) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Restructuring Reserve [Roll Forward]
January 1, 2015	$ 447
Charges	2,342
Cash spent	(923)
Charges against assets	(319)
September 30, 2015	1,547
Severance
Restructuring Reserve [Roll Forward]
January 1, 2015	246
Charges	1,451
Cash spent	(558)
September 30, 2015	1,139
Long Lived Asset Impairment [Member]
Restructuring Reserve [Roll Forward]
January 1, 2015	0
Charges	319
Cash spent	0
Charges against assets	(319)
September 30, 2015	0
Other
Restructuring Reserve [Roll Forward]
January 1, 2015	201	[1]
Charges	572	[1]
Cash spent	(365)	[1]
September 30, 2015	$ 408	[1]
[1]	Other includes other facility consolidation-related costs associated with the consolidation of North American PE Films manufacturing facilities and other shutdown-related costs associated with the shutdown of the Company’s aluminum extrusions manufacturing facility in Kentland, Indiana.

Inventories (Schedule Of Compon

Inventories (Schedule Of Components Of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Finished goods	$ 12,950	$ 17,559
Work-in-process	9,291	10,089
Raw materials	22,070	25,227
Stores, supplies and other	21,200	21,433
Total	$ 65,511	$ 74,308

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	735,248	343,656	482,568	228,533

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Weighted average shares outstanding used to compute basic earnings per share	32,605	32,319	32,566	32,291
Incremental dilutive shares attributable to stock options and restricted stock	0	188	0	298
Shares used to compute diluted earnings per share	32,605	32,507	32,566	32,589

Accumulated Other Comprehensi41

Accumulated Other Comprehensive Income (Loss) (Schedule Of After-Tax Changes In Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
January 1, 2015			$ (150,195)	$ (90,288)
Other comprehensive income (loss) before reclassifications			(67,552)	(10,207)
Amounts reclassified from accumulated other comprehensive income (loss)			8,729	4,733
Net other comprehensive income (loss) - current period	$ (33,131)	$ (18,467)	(58,823)	(5,474)
September 30, 2015	(209,018)	(95,762)	(209,018)	(95,762)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
January 1, 2015			(47,270)	(19,205)
Other comprehensive income (loss) before reclassifications			(64,622)	(10,640)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Net other comprehensive income (loss) - current period			(64,622)	(10,640)
September 30, 2015	(111,892)	(29,845)	(111,892)	(29,845)
Gain (Loss) on Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
January 1, 2015			656	765
Other comprehensive income (loss) before reclassifications			(2,930)	433
Amounts reclassified from accumulated other comprehensive income (loss)			1,134	(216)
Net other comprehensive income (loss) - current period			(1,796)	217
September 30, 2015	(1,140)	982	(1,140)	982
Pension & Other Post-retirement Benefit Adjust.
Accumulated Other Comprehensive Income (Loss) [Line Items]
January 1, 2015			(103,581)	(71,848)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive income (loss)			7,595	4,949
Net other comprehensive income (loss) - current period			7,595	4,949
September 30, 2015	$ (95,986)	$ (66,899)	$ (95,986)	$ (66,899)

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Income (Loss) (Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (209,018)		$ (95,762)	$ (209,018)	$ (95,762)	$ (150,195)	$ (90,288)
Cost of goods sold	(182,442)		(198,121)	(555,627)	(580,899)
Income (loss) from continuing operations before income taxes	(33,341)		16,114	(17,195)	35,117
Income taxes from continuing operations	3,382		5,369	9,064	12,141
Total, net of tax	(36,723)		11,595	(26,259)	23,826
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(111,892)		(29,845)	(111,892)	(29,845)	(47,270)	(19,205)
Gain (Loss) on Derivative Financial Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,140)		982	(1,140)	982	656	765
Pension & Other Post-retirement Benefit Adjust.
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(95,986)		(66,899)	(95,986)	(66,899)	$ (103,581)	$ (71,848)
Reclassification Out Of Accumulated Other Comprehensive Income | Gain (Loss) on Derivative Financial Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before income taxes	(1,323)		300	(1,821)	346
Income taxes from continuing operations	(498)		113	(687)	130
Total, net of tax	(825)		187	(1,134)	216
Reclassification Out Of Accumulated Other Comprehensive Income | Gain (Loss) on Derivative Financial Instruments | Aluminum Futures Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	(1,338)		300	(1,867)	346
Reclassification Out Of Accumulated Other Comprehensive Income | Gain (Loss) on Derivative Financial Instruments | Foreign Currency Forward Contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of goods sold	15		0	46	0
Reclassification Out Of Accumulated Other Comprehensive Income | Pension & Other Post-retirement Benefit Adjust.
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Actuarial gain (loss) and prior service costs, before taxes	(4,028)	[1]	(2,311)	(11,997)	(7,785)
Income taxes from continuing operations	(1,478)		(842)	(4,402)	(2,836)
Total, net of tax	$ (2,550)		$ (1,469)	$ (7,595)	$ (4,949)
[1]	This component of accumulated other comprehensive income is included in the computation of net periodic pension cost (see Note 10 for additional detail).

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2008	Aug. 31, 2007
Unrealized gain (loss) on investment under fair value method			$ 0	$ 2,900
Gain (Loss) on Disposition of Assets			$ 11	919
kaleo
Total cash invested in private company						$ 7,500
Ownership interest percentage			20.00%
Carrying value	$ 39,100		$ 39,100		$ 39,100
Unrealized gain (loss) on investment under fair value method	$ 0	$ 4,000	$ 0	$ 2,900
Weighted average cost of capital			45.00%	45.00%
Basis point decrease of weighted average cost of capital assumption	5.00%		5.00%
Basis point increase of weighted average cost of capital assumption	5.00%		5.00%
Increase in fair value from five hundred point decrease in weighted average cost of capital assumption	$ 6,000		$ 6,000
Decrease in fair value from five hundred point increase in weighted average cost of capital assumption	5,000		5,000
Harbinger Fund
Cost-method investment, OTTI	0	200	0	$ 800
Harbinger Fund
Total withdrawal proceeds received			100	200
Cost Method Investments	1,700		1,700		1,800
Alleghany and Bath County, Virginia [Member]
Gain (Loss) on Disposition of Assets	0	$ 0	0	1,208
Gain (Loss) on Sale of Investment Property, After Tax				$ 800
Cost Method Investments	$ 2,600		$ 2,600		$ 2,600

Investments (Schedule Of Fair V

Investments (Schedule Of Fair Value Method Investments, Balance Sheets And Income Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Cost of goods sold	$ 182,442	$ 198,121	$ 555,627	$ 580,899
Cash and cash equivalents	46,609	51,930	46,609	51,930	$ 50,056	$ 52,617
Property & equipment	228,135		228,135		269,957
Other long-term assets	46,502		46,502		47,798
Total assets	664,354		664,354		788,626
Long term debt, net (a)	134,000		134,000		137,250
Equity	281,750		281,750		372,029
Total liabilities and shareholders’ equity	664,354		664,354		788,626
Income tax benefit (expense)	3,382	5,369	9,064	12,141
Net income (loss)	(36,723)	11,595	(26,259)	23,826
kaleo
Revenues	28,084	11,560	43,002	18,528
Cost of goods sold	3,438	576	8,575	576
Cash and cash equivalents	95,720		95,720		117,589
Restricted Cash	8,182		8,182		14,498
Other current assets	36,991		36,991		17,916
Property & equipment	8,955		8,955		10,824
Patents	2,790		2,790		2,702
Other long-term assets	669		669		15
Total assets	153,307		153,307		163,544
Other current liabilities	8,192		8,192		8,123
Other noncurrent liabilities	1,181		1,181		1,247
Long term debt, net (a)	147,161		147,161		146,629
Redeemable preferred stock	23,675		23,675		22,946
Equity	(26,902)		(26,902)		(15,401)
Total liabilities and shareholders’ equity	153,307		153,307		$ 163,544
Expenses and other, net (b)	17,337	13,832	45,727	36,806
Income tax benefit (expense)	0	(1,074)	4	(7,205)
Net income (loss)	$ 7,309	$ (1,774)	$ (11,304)	$ (11,649)

Derivative Financial Instrume45

Derivative Financial Instruments (Narrative) (Details) $ in Thousands, lb in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)lb	Dec. 31, 2014USD ($)lb
Derivative [Line Items]
Amounts of unrealized after tax gains (losses) to be Reclassified within Twelve Months	$ (1,900)
Aluminum Futures Contracts
Derivative [Line Items]
Notional Amount	$ 20,500	$ 8,600
Weight of aluminum that hedged future purchase of aluminum to meet fixed - price forward sales contract obligations, lbs | lb	21.8	7.8
Net asset (liability), Fair Value	$ (3,069)	$ (236)
Accrued Expenses [Member] | Derivatives Not Designated As Hedging Instruments | Aluminum Futures Contracts
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset		7
Derivative Liability, Fair Value, Gross Liability	0	7
Accrued Expenses [Member] | Derivatives Designated As Hedging Instruments [Member] | Aluminum Futures Contracts
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	82
Derivative Liability, Fair Value, Gross Liability	$ 3,069	$ 318

Derivative Financial Instrume46

Derivative Financial Instruments (Summary Of Location And Fair Value Of Derivative Financial Instruments) (Details) - Aluminum Futures Contracts - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Net asset (liability), Fair Value	$ (3,069)	$ (236)
Derivatives Designated As Hedging Instruments [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	82
Liability derivatives: Fair Value	(3,069)	(318)
Derivatives Not Designated As Hedging Instruments | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset		7
Liability derivatives: Fair Value	$ 0	$ (7)

Derivative Financial Instrume47

Derivative Financial Instruments (Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Foreign Currency Forwards And Options [Member] | Cost Of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion)	$ 15		$ 46
Cash Flow Derivative Hedges | Aluminum Futures Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) recognized in other comprehensive income	(1,570)	$ 320	(4,699)	$ 817
Cash Flow Derivative Hedges | Aluminum Futures Contracts | Cost Of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income to net income (effective portion)	(1,338)	300	(1,867)	346
Cash Flow Derivative Hedges | Foreign Currency Forwards And Options
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) recognized in other comprehensive income	$ 0	$ (112)	$ 0	$ (117)

Pension And Other Post-Retire48

Pension And Other Post-Retirement Benefits (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amounts Recognized in Balance Sheet	$ (99,500)	$ (104,800)
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Contribution to pension plans for continuing operations		300
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected required contributions	2,400
Pension Contributions	2,300
Accrued Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Current Liabilities	$ 600	$ 600

Pension And Other Post-Retire49

Pension And Other Post-Retirement Benefits (Schedule Of Components Of Net Periodic Benefit Cost For Pension And Other Post-Retirement Benefit Programs) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 110	$ 109	$ 398	$ 758
Interest cost	3,288	3,365	9,913	10,048
Expected return on plan assets	(4,413)	(4,610)	(13,227)	(13,726)
Amortization of prior service costs, gains or losses and net transition asset	4,094	2,388	12,142	8,016
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements and Curtailments			0	81
Net periodic benefit cost	3,079	1,252	9,226	5,177
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	9	13	33	39
Interest cost	77	93	244	279
Expected return on plan assets		0
Amortization of prior service costs, gains or losses and net transition asset	(65)	(76)	(145)	(230)
Net periodic benefit cost	$ 21	$ 30	$ 132	$ 88

Segment Reporting (Schedule Of

Segment Reporting (Schedule Of Segment Reporting Information By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Assets	$ 664,354		$ 664,354		$ 788,626
Total net sales	215,910	$ 232,703	656,258	$ 691,710
Add back freight	7,862	7,726	22,930	20,897
Sales as shown in the Consolidated Statements of Income	223,772	240,429	679,188	712,607
Goodwill, Impairment Loss	(44,465)	0	(44,465)	0
Total Segment Income (Loss)	(25,721)	18,422	11,440	50,576
Interest income	76	117	247	419
Interest expense	901	590	2,679	1,751
Gain (loss) on investment accounted for under fair value method			0	2,900
Gain (Loss) on Disposition of Assets			11	919
Stock option-based compensation costs	73	358	571	944
Corporate expenses, net	6,722	5,477	25,632	17,291
Income from continuing operations before income taxes	(33,341)	16,114	(17,195)	35,117
Income taxes from continuing operations	3,382	5,369	9,064	12,141
Income from continuing operations	(36,723)	10,745	(26,259)	22,976
Income (loss) from discontinued operations, net of tax	0	850	0	850
Net income	(36,723)	11,595	(26,259)	23,826
kaleo
Segment Reporting Information [Line Items]
Assets	153,307		153,307		163,544
Gain (loss) on investment accounted for under fair value method	0	4,000	0	2,900
Income taxes from continuing operations	0	(1,074)	4	(7,205)
Net income	7,309	(1,774)	(11,304)	(11,649)
PE Films
Segment Reporting Information [Line Items]
Assets	274,180		274,180		283,606
Total net sales	93,943	115,155	292,259	354,892
Operating profit from ongoing operations	9,745	14,471	35,849	47,174
Plant shutdowns, asset impairments, restructurings and other	(2,044)	(113)	(2,051)	(12,281)
Flexible Packaging Films [Member] [Domain]
Segment Reporting Information [Line Items]
Assets	149,510		149,510		262,604
Total net sales	27,155	27,943	77,339	83,382
Operating profit from ongoing operations	4,102	(1,265)	1,793	(2,283)
Plant shutdowns, asset impairments, restructurings and other	0	(297)	(185)	(297)
Goodwill, Impairment Loss	(44,465)	0	(44,465)	0
Aluminum Extrusions
Segment Reporting Information [Line Items]
Assets	145,717		145,717		$ 143,328
Total net sales	94,812	89,605	286,660	253,436
Operating profit from ongoing operations	7,272	5,752	20,863	18,563
Plant shutdowns, asset impairments, restructurings and other	(331)	(126)	(364)	(300)
Alleghany and Bath County, Virginia [Member]
Segment Reporting Information [Line Items]
Gain (Loss) on Disposition of Assets	$ 0	$ 0	$ 0	$ 1,208

Segment Reporting (Schedule O51

Segment Reporting (Schedule Of Identifiable Assets By Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Subtotal	$ 569,407	$ 689,538
General corporate	48,338	49,032
Cash and cash equivalents	46,609	50,056	$ 51,930	$ 52,617
Total assets	664,354	788,626
PE Films
Total assets	274,180	283,606
Flexible Packaging Films [Member] [Domain]
Total assets	149,510	262,604
Aluminum Extrusions
Total assets	$ 145,717	$ 143,328

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Income Tax Expense (Benefit)	$ 3,382	$ 5,369	$ 9,064	$ 12,141
Goodwill, Impairment Loss	44,465	0	44,465	0
Deferred Tax Benefit Expense Valuation Allowance Adj Capital Loss Carryforwards			$ 300	$ 100
Income Tax Holiday, Income Tax Benefits Per Share				$ 0
BrazilianTaxCreditDeductionPeriod			24 months
Income Tax Holiday, Aggregate Dollar Amount				$ 100
Brazilian Tax Holiday Incentive Period			10 years
Effective Income Tax Rate Reconciliation, Percent			(52.70%)	34.60%
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(33,341)	16,114	$ (17,195)	$ 35,117
Terphane Ltda
Income Taxes [Line Items]
Current Effective Tax Rate Reconciliation Social Contribution On Income				9.00%
Current Effective Tax Rate Excluding Social Contribution On Income				6.25%
Current Effective Tax Rate Including Social Contribution On Income				15.25%
Brazil
Income Taxes [Line Items]
Effective income tax rate reconciliation social contribution on income				9.00%
Effective Income Tax Rate Reconciliation Federal Statutory Tax Rate Excluding Social Contribution On Income				25.00%
Effective Income Tax Rate Reconciliation Federal Statutory Tax Rate Including Social Contribution On Income				34.00%
Excess Capital Losses From Investments And Other Related Items [Member]
Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance	11,100		11,100
Flexible Packaging Films [Member] [Domain]
Income Taxes [Line Items]
Goodwill, Impairment Loss	$ 44,465	$ 0	$ 44,465	$ 0

Income Taxes (Schedule Of Effec

Income Taxes (Schedule Of Effective Income Tax Rate For Continuing Operations) (Details)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income tax expense at federal statutory rate	35.00%	35.00%
State taxes, net of federal income tax benefit	(2.40%)	1.60%
Income tax contingency accruals and tax settlements	(2.80%)	1.80%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	(90.50%)	0.00%
Unremitted earnings from foreign operations	(2.00%)	1.20%
Changes in estimates related to prior year tax provision	2.90%	(0.40%)
Non-deductible expenses	(1.70%)	0.20%
Valuation allowance for foreign operating loss carry-forwards	(1.00%)	(1.10%)
Foreign rate differences	2.80%	(1.20%)
Foreign tax incentives	0.00%	(0.10%)
Valuation allowance for capital loss carry-forwards	1.80%	(0.20%)
Domestic production activities deduction	5.10%	(2.10%)
Other	0.10%	(0.10%)
Effective income tax rate for income from continuing operations	(52.70%)	34.60%

Debt (Details)

Debt (Details)	3 Months Ended
	Mar. 31, 2015USD ($)
Line of Credit Facility [Line Items]
Line of credit facility, covenant terms, minimum shareholders' equity	$ 320,000,000
Line of credit facility, covenant terms, percentage of shareholders' equity to net income	50.00%
Unsecured Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 350,000,000
Line Of Credit Facility Term	5 years

Shareholder Rights Agreement (D

Shareholder Rights Agreement (Details) - USD ($)	Feb. 19, 2014	Sep. 30, 2015	Mar. 31, 2014	Sep. 30, 2014	Nov. 18, 2013
Warrants and Rights Note Disclosure [Abstract]
Number of rights attached to each outstanding share of common stock					1
Portion of shares each Right can buy			0.01
Exercise price of participating cumulative preferred stock, per share		$ 150
Percentage of outstanding common stock shares to be acquired for exercise of rights		20.00%
Percentage of common stock ownership required in a tender offer for exercise of rights		20.00%
Price per rIght redeemed by board of dIrectors in event agreement is not approved	$ 0.01
Shareholder Rights Redemption Payment				$ 300,000

Contingencies (Details)

Contingencies (Details) $ in Millions	9 Months Ended
	Sep. 30, 2014USD ($)	Jan. 08, 2013in
Loss Contingencies [Line Items]
Minimum thickness of performance enhancing layer on films required to avoid antidumping duty order		0.00001
3M vs. Tredegar
Loss Contingencies [Line Items]
Litigation Settlement, Amount | $	$ 10

New Accounting Pronouncements N

New Accounting Pronouncements New Accounting Pronouncements (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
New Accounting Pronouncements [Abstract]
Deferred Finance Costs, Net	$ 0.9	$ 1.1

Goodwill Impairment Loss Goodwi

Goodwill Impairment Loss Goodwill Impairment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 44,465	$ 0	$ 44,465	$ 0
Flexible Packaging Films [Member] [Domain]
Goodwill [Line Items]
Goodwill, Impairment Loss	44,465	$ 0	44,465	$ 0
Goodwill, Impairment Loss, Net of Tax	$ 44,500		$ 44,500