Tredegar (TG) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	Apr. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-10258
Entity Registrant Name	Tredegar Corporation
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1497771
Entity Address, Address Line One	1100 Boulders Parkway
Entity Address, City or Town	Richmond,
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23225
City Area Code	(804)
Local Phone Number	330-1000
Title of 12(b) Security	Common stock, no par value
Trading Symbol	TG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000850429
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		33,853,082

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 25,648	$ 30,521
Accounts and other receivables, net	129,559	103,312
Income taxes recoverable	2,512	2,558
Inventories	104,560	88,569
Prepaid expenses and other	17,183	11,275
Current assets of discontinued operations	151	178
Total current assets	279,613	236,413
Property, plant and equipment, at cost	506,511	498,311
Less: accumulated depreciation	(333,944)	(327,930)
Net property, plant and equipment	172,567	170,381
Right-of-use leased assets	13,385	13,847
Identifiable intangible assets, net	13,632	14,152
Goodwill	70,608	70,608
Deferred Income Tax Assets, Net	11,409	15,723
Other assets	3,457	2,460
Total assets	564,671	523,584
Current liabilities:
Accounts payable	144,585	123,760
Accrued expenses	27,012	33,104
Lease liability, short-term	2,119	2,158
Income taxes payable	643	9,333
Current liabilities of discontinued operations	178	193
Total current liabilities	174,537	168,548
Lease liability, long-term	12,361	12,831
Long-term debt	131,250	73,000
Pension and other postretirement benefit obligations, net	28,333	78,265
Other non-current liabilities	6,322	6,218
Total liabilities	352,803	338,862
Shareholders’ equity:
Common stock, no par value (issued and outstanding 33,837,815 shares at March 31, 2022 and 33,736,629 shares at December 31, 2021)	55,953	55,174
Common stock held in trust for savings restoration plan (109,494 shares at March 31, 2022 and 108,433 shares at December 31, 2021)	(2,148)	(2,135)
Foreign currency translation adjustment	(80,256)	(85,792)
Gain (loss) on derivative financial instruments	6,831	901
Pension and other postretirement benefit adjustments	(62,075)	(64,613)
Retained earnings	293,563	281,187
Total shareholders’ equity	211,868	184,722
Total liabilities and shareholders’ equity	$ 564,671	$ 523,584

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common Stock, Shares, Outstanding	33,837,815	33,736,629
Common Stock, Shares, Issued	33,837,815	33,736,629
Common Stock, Shares Held in Employee Trust, Shares	109,494	108,433

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues and other items:
Gross Sales	$ 236,566	$ 184,822
Other income (expense), net	(267)	760
Total revenues, net of other expenses	236,299	185,582
Costs and expenses:
Selling, general and administrative	21,282	18,384
Research and development	1,525	1,721
Amortization of identifiable intangibles	663	723
Accrued pension and post-retirement benefits	3,476	3,540
Interest expense	786	822
Asset impairments and costs associated with exit and disposal activities, net of adjustments	(9)	169
Total	219,064	172,867
Income (loss) from continuing operations before income taxes	17,235	12,715
Income tax expense (benefit)	778	3,097
Net income (loss) from continuing operations	16,457	9,618
Income (loss) from discontinued operations, net of tax	(35)	(587)
Net income (loss)	$ 16,422	$ 9,031
Basic:
Continuing operations	$ 0.49	$ 0.29
Discontinued operations	0	(0.02)
Earnings Per Share, Basic	0.49	0.27
Diluted:
Continuing operations	0.49	0.29
Discontinued operations (in USD per share)	0	(0.02)
Earnings Per Share, Diluted	$ 0.49	$ 0.27
Shares used to compute earnings (loss) per share:
Basic	33,654	33,406
Diluted	33,696	33,644
Product [Member]
Costs and expenses:
Cost of Goods and Services Sold	$ 183,260	$ 141,285
Shipping and Handling [Member]
Costs and expenses:
Cost of Goods and Services Sold	$ 8,081	$ 6,223

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net Income (Loss) Attributable to Parent	$ 16,422	$ 9,031
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	5,536	(2,648)
Derivative financial instruments adjustment	5,930	(236)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	2,538	3,319
Other comprehensive income (loss), net of tax	14,004	435
Comprehensive Income (Loss), Net of Tax, Attributable to Parent, Total	$ 30,426	$ 9,466

Consolidated Statements Of Co_2

Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax (benefit)	$ (728)	$ (272)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	2,916	(188)
Amortization of prior service costs and net gains or losses, tax	$ 712	$ 924

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent	$ 16,422	$ 9,031
Adjustments for noncash items:
Depreciation	5,829	5,463
Amortization of identifiable intangibles	663	723
Reduction of right-of-use lease asset	500	549
Deferred income taxes	552	1,017
Accrued pension and post-retirement benefits	3,506	3,540
Stock-based compensation expense	1,295	576
Gain on investment in kaléo	0	(400)
Changes in assets and liabilities:
Accounts and other receivables	(24,351)	(2,126)
Inventories	(12,622)	(5,442)
Income taxes recoverable/payable	(8,791)	1,102
Prepaid expenses and other	3,323	2,798
Accounts payable and accrued expenses	10,384	(2,517)
Lease liability	(547)	(535)
Pension and postretirement benefit plan contributions	(50,158)	(3,886)
Other, net	(742)	(23)
Net Cash Provided by (Used in) Operating Activities	(54,737)	9,870
Cash flows from investing activities:
Capital expenditures	(5,086)	(5,259)
Net cash used in investing activities	(5,086)	(5,259)
Cash flows from financing activities:
Borrowings	109,500	32,000
Debt principal payments	(51,250)	(23,000)
Dividends paid	(4,059)	(4,025)
Other	(396)	915
Net cash provided by financing activities	53,795	5,890
Effect of exchange rate changes on cash	1,155	(488)
Increase (decrease) in cash & cash equivalents	(4,873)	10,013
Cash, cash equivalents, and restricted cash at beginning of period	30,521	11,846
Cash, cash equivalents, and restricted cash at end of period	$ 25,648	$ 21,859

Consolidated Statements Of Shar

Consolidated Statements Of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Trust for Savings Restoration Plan	Accumulated Other Comprehensive Income (Loss)
Beginning Balance at Dec. 31, 2020	$ 109,055	$ 50,066	$ 239,480	$ (2,087)	$ (178,404)
Net income (loss)	9,031		9,031
Foreign currency translation adjustment	(2,648)				(2,648)
Derivative financial instruments adjustment	(236)				(236)
Amortization of prior service costs and net gains or losses	3,319				3,319
Cash dividends declared ($0.12 per share)	(4,025)		(4,025)
Stock-based compensation expense	576	576
Shares issued upon exercise of stock options	915	915
Tredegar common stock purchased by trust for savings restoration plan			10	(10)
Ending Balance at Mar. 31, 2021	115,987	51,557	244,496	(2,097)	(177,969)
Beginning Balance at Dec. 31, 2021	184,722	55,174	281,187	(2,135)	(149,504)
Net income (loss)	16,422		16,422
Foreign currency translation adjustment	5,536				5,536
Derivative financial instruments adjustment	5,930				5,930
Amortization of prior service costs and net gains or losses	2,538				2,538
Cash dividends declared ($0.12 per share)	(4,059)		(4,059)
Stock-based compensation expense	1,175	1,175
Repurchase of employee common stock for tax withholdings	(396)	(396)
Tredegar common stock purchased by trust for savings restoration plan			(13)	13
Ending Balance at Mar. 31, 2022	$ 211,868	$ 55,953	$ 293,563	$ (2,148)	$ (135,500)

Consolidated Statements Of Sh_2

Consolidated Statements Of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Cash dividends declared, per share	$ 0.12	$ 0.12

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2022
Basis Of Presentation [Abstract]
Basis Of Presentation	In the opinion of management, the accompanying condensed 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 condensed consolidated financial position as of March 31, 2022, the condensed consolidated results of operations for the three months ended March 31, 2022 and 2021, the condensed consolidated cash flows for the three months ended March 31, 2022 and 2021, and the condensed consolidated changes in shareholders’ equity for the three months ended March 31, 2022 and 2021, in accordance with U.S. generally accepted accounting principles (“GAAP”). All such adjustments, unless otherwise detailed in the notes to the condensed consolidated financial statements, are deemed to be of a normal, recurring nature. The Company operates on a calendar fiscal year except for the Aluminum Extrusions segment, which operates on a 52/53-week fiscal year basis. As such, the fiscal first quarter for 2022 and 2021 for this segment references 13-week periods ended March 27, 2022 and March 28, 2021. The Company does not believe the impact of reporting the results of this segment as stated above is material to the consolidated financial results. The Company may fund or receive cash from the Aluminum Extrusions segment based on Aluminum Extrusion’s cash flows from operations during the intervening period from Aluminum Extrusion’s fiscal quarter end and the Company’s fiscal quarter end. There was no intercompany funding with Aluminum Extrusions between March 27, 2022 and March 31, 2022. The financial position data as of December 31, 2021 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, 2021 (“2021 Form 10-K”) but does not include all disclosures required by GAAP. These financial statements should be read in conjunction with the consolidated financial statements and related notes included in the 2021 Form 10-K. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results to be expected for the full year. Accounting Standards Not Yet Adopted . In March 2020, the FASB issued ASU 2020-04, which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by the discontinuation of the London Interbank Offered Rate or by another reference rate expected to be discontinued because of reference rate reform. The guidance was effective beginning March 12, 2020 and can be applied prospectively through December 31, 2022. In January 2021, the FASB issued ASU 2021-01, which clarified the scope and application of the original guidance. The Company is currently evaluating the potential impact of adopting this guidance, but does not expect it to have a material impact on the consolidated financial statements.

Accounts and Other Receivables

Accounts and Other Receivables	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Accounts and Other Receivables	As of March 31, 2022 and December 31, 2021, accounts receivable and other receivables, net include the following: March 31, December 31, (In thousands) 2022 2021 Customer receivables $ 128,930 $ 102,090 Other receivables 2,517 2,958 Total accounts and other receivables 131,447 105,048 Less: Allowance for bad debts (1,888) (1,736) Total accounts and other receivables, net $ 129,559 $ 103,312

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory, Net [Abstract]
Inventories	The components of inventories are as follows: (In thousands) March 31, 2022 December 31, 2021 Finished goods $ 26,796 $ 25,199 Work-in-process 18,122 11,955 Raw materials 39,481 32,958 Stores, supplies and other 20,161 18,457 Total $ 104,560 $ 88,569

Pension And Other Post-Retireme

Pension And Other Post-Retirement Benefits	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Pension And Other Post-Retirement Benefits	Tredegar sponsors a noncontributory defined benefit (pension) plan covering certain current and former U.S. employees. As of January 31, 2018, the plan no longer accrued benefits associated with crediting employees for service, thereby freezing all future benefits under the plan. On February 10, 2022, Tredegar announced the initiation of a process to terminate and settle its frozen defined benefit pension plan, which could take up to 24 months to complete. In connection therewith, on February 9, 2022, the Company contributed $50 million to the pension plan (the “Special Contribution”). The Company estimates that, with the Special Contribution, there will be no required minimum contributions to the pension plan until final settlement. Tredegar also has a non-qualified supplemental pension plan covering certain employees. Effective December 31, 2005, further participation in this plan was terminated and benefit accruals for existing participants were frozen. Pension expense recognized for this plan was immaterial in the first quarter of 2022 and 2021, respectively. This information has been included in the pension benefit table below. The components of net periodic benefit cost for the pension and other postretirement benefit programs reflected in the condensed consolidated statements of income for the three months ended March 31, 2022 and 2021, are shown below: Pension Benefits Other Post-Retirement Benefits Three Months Ended March 31, Three Months Ended March 31, (In thousands) 2022 2021 2022 2021 Service cost $ — $ — $ 5 $ 9 Interest cost 2,225 2,102 51 50 Expected return on plan assets (2,055) (2,862) — — Amortization of prior service costs, (gains) losses and net transition asset 3,284 4,265 (34) (24) Net periodic benefit cost $ 3,454 $ 3,505 $ 22 $ 35 Pension and other postretirement liabilities were $29.0 million and $78.9 million at March 31, 2022 and December 31, 2021, respectively ($0.7 million included in “Accrued expenses” at March 31, 2022 and December 31, 2021, respectively, with the remainder included in “Pension and other postretirement benefit obligations, net” in the condensed consolidated balance sheets). Tredegar funds its other postretirement benefits on a claims-made basis; for 2022, the Company anticipates the amount will be consistent with amounts paid for the year ended December 31, 2021, or approximately $0.5 million.

Other Income (Expense), Net (No

Other Income (Expense), Net (Notes)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other income (expense), net consists of the following: Three Months Ended March 31, (In thousands) 2022 2021 Gain on investment in kaléo (a) $ — $ 718 Transition service fees, net of corporate costs associated with the divested Personal Care business (32) 304 COVID-19-related expenses, net of relief (b) (212) (19) Write-down of investment in Harbinger Capital Partners Special Situations Fund (c) (7) (148) Other (16) (95) Total $ (267) $ 760 (a) The gain in the first three months of 2021 includes a $0.3 million dividend received from kaléo in the first quarter of 2021. See Note 12. (b) Costs associated with operating under COVID-19 conditions include employee overtime expenses associated with absenteeism, personal protective equipment supplies and facility maintenance. (c) Represents the unrealized loss on the Company’s investment in Harbinger Capital Partners Special Situations Fund L.P. that had a fair value of $0.2 million as of March 31, 2022 and $0.2 million as of December 31, 2021 reported in "Other assets" in the condensed consolidated balance sheet.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Basic earnings per share is computed by dividing net income (loss) from continuing and discontinued operations by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income (loss) from continuing and discontinued operations by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows: Three Months Ended March 31, (In thousands) 2022 2021 Weighted average shares outstanding used to compute basic earnings per share 33,654 33,406 Incremental dilutive shares attributable to stock options and restricted stock 42 238 Shares used to compute diluted earnings per share 33,696 33,644

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss) Note [Text Block]	The changes in accumulated other comprehensive income (loss) by component are summarized as follows: Foreign Currency Translation Gain (Loss) on Derivative Financial Instruments Pension & Other Postretirement Benefit Adjust Total Accumulated Other Comprehensive Income (Loss) Balance at January 1, 2022 (85,792) 901 (64,613) (149,504) Other comprehensive income (loss) 6,264 10,003 — 16,267 Income tax (expense) benefit (728) (3,190) — (3,918) Other comprehensive income (loss), net of tax 5,536 6,813 — 12,349 Reclassification adjustment to net income (loss) — (1,157) 3,250 2,093 Income tax (expense) benefit — 274 (712) (438) Reclassification adjustment to net income (loss), net of tax — (883) 2,538 1,655 Other comprehensive income (loss), net of tax 5,536 5,930 2,538 14,004 Balance at March 31, 2022 $ (80,256) $ 6,831 $ (62,075) $ (135,500) Foreign Currency Translation Gain (Loss) on Derivative Financial Instruments Pension & Other Postretirement Benefit Adjust Total Accumulated Other Comprehensive Income (Loss) Balance at January 1, 2021 (84,149) 2,264 (96,519) (178,404) Other comprehensive income (loss) (2,920) 231 — (2,689) Income tax (expense) benefit 272 42 — 314 Other comprehensive income (loss), net of tax (2,648) 273 — (2,375) Reclassification adjustment to net income (loss) — (655) 4,243 3,588 Income tax (expense) benefit — 146 (924) (778) Reclassification adjustment to net income (loss), net of tax — (509) 3,319 2,810 Other comprehensive income (loss), net of tax (2,648) (236) 3,319 435 Balance at March 31, 2021 $ (86,797) $ 2,028 $ (93,200) $ (177,969)

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2022
Summary of Derivative Instruments [Abstract]
Derivative Financial Instruments	Tredegar uses derivative financial instruments for the purpose of hedging margin exposure from fixed-price forward sales contracts in Aluminum Extrusions and exposure from currency volatility that exists as part of ongoing business operations in Flexible Packaging Films. These derivative financial instruments are designated as and qualify as cash flow hedges and are recognized in the condensed consolidated balance sheet at fair value. 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, Aluminum Extrusions 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 margin exposure created from the fixing of future sales prices relative to volatile raw material (aluminum) costs, Aluminum Extrusions 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. The notional amount of aluminum futures contracts that hedged future purchases of aluminum to meet fixed-price forward sales contract obligations was $24.2 million (14.3 million pounds of aluminum) at March 31, 2022 and $22.1 million (14.9 million pounds of aluminum) at December 31, 2021. The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Aluminum futures contracts Prepaid expenses and other $ 6,665 Prepaid expenses and other $ 2,085 Aluminum futures contracts Other assets 521 Other assets — Liability derivatives: Aluminum futures contracts Accrued expenses (43) Accrued expenses (119) Net asset $ 7,143 $ 1,966 In the event that a counterparty to an aluminum fixed-price forward sales contract chooses not to take delivery of its aluminum extrusions, the customer is contractually obligated to compensate Aluminum Extrusions for any losses on the related aluminum futures and/or forward contracts through the date of cancellation. The Company's earnings are exposed to foreign currency exchange risk primarily through the translation of the financial statements of subsidiaries that have a functional currency other than the U.S. Dollar. The Company estimates that the net mismatch translation exposure for the Flexible Packaging Film's business unit in Brazil (“Terphane Ltda.”) of its sales and raw materials quoted or priced in U.S. Dollars and its variable conversion, fixed conversion and sales, general and administrative costs (before depreciation and amortization) quoted or priced in Brazilian Real ("R$") is annual net costs of R$150 million for the full year of 2022. Terphane Ltda. has the following outstanding foreign exchange average forward rate contracts to purchase Brazilian Real and sell U.S. Dollars: USD Notional Amount (000s) Average Forward Rate Contracted on USD/BRL R$ Equivalent Amount (000s) Applicable Month Estimated % of Terphane Ltda. R$ Operating Cost Exposure Hedged $1,615 5.4247 R$8,761 Apr-22 68% $1,647 5.4545 R$8,984 May-22 70% $1,596 5.4890 R$8,760 Jun-22 68% $1,719 5.5200 R$9,489 Jul-22 74% $1,708 5.5560 R$9,490 Aug-22 74% $1,780 5.5915 R$9,953 Sep-22 77% $1,793 5.6264 R$10,088 Oct-22 78% $1,784 5.6597 R$10,097 Nov-22 78% $1,659 5.6962 R$9,450 Dec-22 73% $625 5.5145 R$3,447 Jan-23 24% $625 5.5581 R$3,474 Feb-23 24% $625 5.6014 R$3,501 Mar-23 24% $625 5.6446 R$3,528 Apr-23 24% $625 5.6866 R$3,554 May-23 24% $625 5.7323 R$3,583 Jun-23 24% $625 5.7756 R$3,610 Jul-23 25% $625 5.8197 R$3,637 Aug-23 25% $625 5.8627 R$3,664 Sep-23 25% $625 5.9028 R$3,689 Oct-23 25% $625 5.9414 R$3,713 Nov-23 25% $625 5.9800 R$3,738 Dec-23 25% $22,801 5.6230 R$128,210 39% These foreign currency exchange contracts have been designated and qualify as cash flow hedges of Terphane Ltda.’s forecasted sales to customers quoted or priced in U.S. Dollars over that period. By changing the currency risk associated with these U.S. Dollar sales, the derivatives have the effect of offsetting operating costs quoted or priced in Brazilian Real and decreasing the net exposure to Brazilian Real in the condensed consolidated statements of income. The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Foreign currency forward contracts Prepaid expenses and other $ 2,127 Prepaid expenses and other $ — Foreign currency forward contracts Other assets 481 Other assets — Liability derivatives: Foreign currency forward contracts Accrued expenses — Accrued expenses (1,255) Net asset (liability) $ 2,608 $ (1,255) These derivative contracts involve elements of market risk that are not reflected on the condensed 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 the Company’s foreign currency cash flow hedge contracts are major financial institutions. The pre-tax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three month periods ended March 31, 2022 and 2021 is summarized in the table below: Cash Flow Derivative Hedges Three Months Ended March 31, Aluminum Futures Contracts Foreign Currency Forwards 2022 2021 2022 2021 Amount of pre-tax gain (loss) recognized in other comprehensive income (loss) $ 6,182 $ 1,515 $ — $ 3,821 $ — $ (1,283) Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion) Cost of goods sold Cost of goods sold Cost of goods sold Selling, general & admin Cost of goods sold Selling, general & admin Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion) $ (1,005) $ 640 $ (15) $ (137) $ 17 $ (2) As of March 31, 2022, the Company expects $3.5 million of unrealized after-tax gains on aluminum and foreign currency derivative instruments reported in accumulated other comprehensive income (loss) to be reclassified to earnings within the next 12 months. For the three month periods ended March 31, 2022 and 2021, net gains or losses realized, from previously unrealized net gains or losses on hedges that had been discontinued, were not material.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Tredegar recorded tax expense of $0.8 million on pre-tax income from continuing operations of $17.2 million in the first three months of 2022. Therefore, the effective tax rate in the first three months of 2022 was 4.5%, compared to 24.4% in the first three months of 2021. The decrease in the effective tax rate for continuing operations is primarily due to a discrete benefit recorded in the first quarter of 2022 resulting from the implementation of new U.S. tax regulations associated with foreign tax credits published by the U.S. Treasury and Internal Revenue Service on January 4, 2022. These regulations overhaul various components of the foreign tax credit regime including the determination of creditable foreign taxes and limit the amount of foreign taxes that are creditable against U.S. income taxes. As the result of these regulations, future Brazilian income tax will be deductible, but not creditable, in the U.S. The accounting rules require a reduction of the U.S. deferred tax liability previously established related to anticipated future income from Brazil. The tax effect of the reduction of the U.S. deferred tax liability resulted in the discrete tax benefit described above. This one-time discrete benefit is expected to reduce the effective tax rate for the remainder of 2022, which will be offset by an expected increase to the effective tax rate as the result of Brazilian income tax no longer being creditable in the U.S. for the foreseeable future. Total deferred tax assets declined during the first quarter of 2022 compared to December 31, 2021 primarily due to changes in other comprehensive income and the projected utilization of foreign tax credits partially offset by the change in the deferred tax liability discussed above. Tredegar accrues U.S. federal income taxes on unremitted earnings of foreign subsidiaries where required. However, due to changes in the taxation of dividends under the U.S. Tax Cuts and Jobs Act of 2017, Tredegar will only record U.S. federal income taxes on unremitted earnings of its foreign subsidiaries where Tredegar cannot take steps to eliminate any potential tax on future distributions from its foreign subsidiaries. The Brazilian federal statutory income tax rate is a composite of 34.0% (25.0% of income tax and 9.0% of social contribution on income). Terphane Ltda.’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 to 15.25% levied on the operating profit on certain of its products. The incentives have been granted for a 13-year period, from the commencement date of January 1, 2015. The benefit from the tax incentives was $1.5 million in the first three months of 2022 and 2021. Tredegar and its subsidiaries file income tax returns in the U.S., various states, and jurisdictions outside the U.S. With exceptions for some U.S. states and non-U.S. jurisdictions, 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 2018.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	The Company’s business segments are Aluminum Extrusions, PE Films, and Flexible Packaging Films. Information by business segment is reported below. There are no accounting transactions between segments and no allocations to segments. The Company’s reportable segments are based on its method of internal reporting, which is generally segregated by differences in products. Accounting standards for presentation of segments require an approach based on the way the Company organizes the segments for making operating decisions and how the chief operating decision maker (“CODM”) assesses performance. EBITDA from ongoing operations is the key profitability measure used by the CODM (Tredegar’s President and Chief Executive Officer) for purposes of assessing financial performance. The Company uses sales less freight (“net sales”) from continuing operations as its measure of revenues from external customers at the segment level. This measure is separately included in the financial information regularly provided to the CODM. The following table presents net sales and EBITDA from ongoing operations by segment for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, (In thousands) 2022 2021 Net Sales Aluminum Extrusions $ 158,110 $ 118,125 PE Films 31,131 27,953 Flexible Packaging Films 39,244 32,521 Total net sales 228,485 178,599 Add back freight 8,081 6,223 Sales as shown in the condensed consolidated statements of income $ 236,566 $ 184,822 EBITDA from Ongoing Operations Aluminum Extrusions: Ongoing operations: EBITDA $ 23,919 $ 13,302 Depreciation & amortization (4,261) (4,130) EBIT 19,658 9,172 Plant shutdowns, asset impairments, restructurings and other (105) 183 PE Films: Ongoing operations: EBITDA 7,047 7,213 Depreciation & amortization (1,595) (1,420) EBIT 5,452 5,793 Plant shutdowns, asset impairments, restructurings and other (102) (124) Flexible Packaging Films: Ongoing operations: EBITDA 5,035 9,623 Depreciation & amortization (550) (466) EBIT 4,485 9,157 Plant shutdowns, asset impairments, restructurings and other (43) (38) Total 29,345 24,143 Interest income 29 7 Interest expense 786 822 Gain on investment in kaléo — 718 Stock option-based compensation costs 631 468 Corporate expenses, net 10,722 10,863 Income (loss) from continuing operations before income taxes 17,235 12,715 Income tax expense (benefit) 778 3,097 Income (loss) from continuing operations 16,457 9,618 Income (loss) from discontinued operations, net of tax (35) (587) Net income (loss) $ 16,422 $ 9,031 The following table presents identifiable assets by segment at March 31, 2022 and December 31, 2021: (In thousands) March 31, 2022 December 31, 2021 Aluminum Extrusions $ 311,971 $ 280,521 PE Films 115,307 113,613 Flexible Packaging Films 92,852 75,269 Subtotal 520,130 469,403 General corporate 18,742 23,482 Cash and cash equivalents 25,648 30,521 Discontinued operations 151 178 Total $ 564,671 $ 523,584 The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2022 and 2021: Net Sales by Geographic Area (a) Three Months Ended March 31, (In thousands) 2022 2021 United States $ 182,138 $ 132,897 Exports from the United States to: Asia 12,465 13,362 Latin America 1,441 1,102 Canada 4,193 5,434 Europe 1,363 955 Operations outside the United States: Brazil 26,885 24,849 Total $ 228,485 $ 178,599 (a) Export sales relate entirely to PE Films. Operations in Brazil relate entirely to Flexible Packaging Films. The Company’s facilities in Pottsville, PA (“PV”) and Guangzhou, China (“GZ”) have a tolling arrangement whereby certain surface protection films are manufactured in GZ for a fee with raw materials supplied from PV that are then shipped by GZ directly to customers principally in the Asian market, but paid by customers directly to PV. Amounts associated with this intercompany tolling arrangement are reported in the table above as export sales from the U.S. to Asia, and include net sales of $6.5 million and $6.9 million in the first three months of 2022 and 2021, respectively. Net Sales by Product Group Three Months Ended March 31, (In thousands) 2022 2021 Aluminum Extrusions: Nonresidential building & construction $ 80,921 $ 57,229 Consumer durables 16,891 13,152 Automotive 13,841 11,415 Residential building & construction 16,465 12,708 Electrical 7,287 7,180 Machinery & equipment 12,945 8,925 Distribution 9,760 7,516 Subtotal 158,110 118,125 PE Films: Surface protection films 22,148 20,601 Packaging 8,983 7,352 Subtotal 31,131 27,953 Flexible Packaging Films 39,244 32,521 Total $ 228,485 $ 178,599

Divestitures and Assets Held fo

Divestitures and Assets Held for Sale	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Divestitures and Assets Held for Sale	Personal Care Films In 2020, the Company completed the sale of Personal Care Films for an aggregate purchase price of $60.5 million, subject to customary adjustments. The Company agreed to provide certain transition services related to finance, human resources and information technology ("IT") that ended during the second quarter of 2021, resulting in final cash proceeds of $64.1 million. Personal Care Films was previously reported in the PE Films segment. The following table summarizes the financial results of discontinued operations reflected in the condensed consolidated statements of income for the three and three months ended March 31, 2022 and 2021: Three Months Ended March 31, (In thousands) 2022 2021 Costs and expenses: Selling, general and administrative 45 1,050 Adjustment to the fair value estimates used in the disposal of Personal Care Films (a) — (299) Total 45 751 Income (loss) from discontinued operations before income taxes (45) (751) Income tax expense (benefit) (10) (164) Income (loss) from discontinued operations, net of tax $ (35) $ (587) (a) Represents a net increase to the estimated fair value of Personal Care Films primarily due to lower costs associated with IT transition-related services to provide the seller developed assets, which did not exist at the time of the sale, to support the seller's IT infrastructure. The assets and liabilities of the discontinued operations reflected in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021, respectively, were as follows: March 31, December 31, (In thousands) 2022 2021 Assets Prepaid expenses and other (a) $ 151 $ 178 Liabilities Accrued expenses (a) $ 178 $ 193 (a) The condensed consolidated balance sheet of discontinued operations as of March 31, 2022 includes $0.2 million of other receivables related to the settlement of customary post-closing adjustments and other miscellaneous accrued expenses of $0.2 million. The condensed consolidated balance sheet of discontinued operations as of December 31, 2021 includes $0.2 million of other receivables related to the settlement of customary post-closing adjustments and other miscellaneous accrued expenses of $0.2 million. The following table provides significant operating and investing cash flow information for discontinued operations: Three Months Ended March 31, (In thousands) 2022 2021 Operating activities Other — (299)

Investments

Investments	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments and Other Noncurrent Assets	In August 2007 and December 2008, the Company made an aggregate investment of $7.5 million in kaleo, Inc. (“kaléo”), a privately held specialty pharmaceutical company dedicated to building innovative solutions for serious and life-threatening medical conditions. Tredegar historically accounted for its investment in kaléo under the fair value option. At the time of the initial investment, the Company elected the fair value option of accounting since its investment objectives were similar to those of venture capitalists, which typically do not have controlling financial interests. kaléo’s stock is not publicly traded. On December 27, 2021, the Company completed the sale of its investment interests in kaléo (Series A-3 Preferred Stock, Series B Preferred Stock and common stock) that, taken together, represented on a fully-diluted basis an approximate 18% interest in kaléo. Tredegar received closing cash proceeds of $47.1 million. A pre-tax gain of $0.7 million on the Company’s investment in kaléo was recognized in the first quarter ended March 31, 2021 which is reported in “Other income (expense), net” in the condensed consolidated statements of income. The gain in 2021 includes a $0.3 million dividend received from kaléo in the first quarter of 2021.

Accounts and Other Receivables

Accounts and Other Receivables (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of March 31, 2022 and December 31, 2021, accounts receivable and other receivables, net include the following: March 31, December 31, (In thousands) 2022 2021 Customer receivables $ 128,930 $ 102,090 Other receivables 2,517 2,958 Total accounts and other receivables 131,447 105,048 Less: Allowance for bad debts (1,888) (1,736) Total accounts and other receivables, net $ 129,559 $ 103,312

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory, Net [Abstract]
Schedule of Inventory, Current	The components of inventories are as follows: (In thousands) March 31, 2022 December 31, 2021 Finished goods $ 26,796 $ 25,199 Work-in-process 18,122 11,955 Raw materials 39,481 32,958 Stores, supplies and other 20,161 18,457 Total $ 104,560 $ 88,569

Pension And Other Post-Retire_2

Pension And Other Post-Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [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 the pension and other postretirement benefit programs reflected in the condensed consolidated statements of income for the three months ended March 31, 2022 and 2021, are shown below: Pension Benefits Other Post-Retirement Benefits Three Months Ended March 31, Three Months Ended March 31, (In thousands) 2022 2021 2022 2021 Service cost $ — $ — $ 5 $ 9 Interest cost 2,225 2,102 51 50 Expected return on plan assets (2,055) (2,862) — — Amortization of prior service costs, (gains) losses and net transition asset 3,284 4,265 (34) (24) Net periodic benefit cost $ 3,454 $ 3,505 $ 22 $ 35

Other Income (Expense), Net Oth

Other Income (Expense), Net Other Income (Expense), Net Summary Table (Tables)	3 Months Ended
	Mar. 31, 2022
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Three Months Ended March 31, (In thousands) 2022 2021 Gain on investment in kaléo (a) $ — $ 718 Transition service fees, net of corporate costs associated with the divested Personal Care business (32) 304 COVID-19-related expenses, net of relief (b) (212) (19) Write-down of investment in Harbinger Capital Partners Special Situations Fund (c) (7) (148) Other (16) (95) Total $ (267) $ 760 (a) The gain in the first three months of 2021 includes a $0.3 million dividend received from kaléo in the first quarter of 2021. See Note 12. (b) Costs associated with operating under COVID-19 conditions include employee overtime expenses associated with absenteeism, personal protective equipment supplies and facility maintenance. (c) Represents the unrealized loss on the Company’s investment in Harbinger Capital Partners Special Situations Fund L.P. that had a fair value of $0.2 million as of March 31, 2022 and $0.2 million as of December 31, 2021 reported in "Other assets" in the condensed consolidated balance sheet.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Diluted earnings per share is computed by dividing net income (loss) from continuing and discontinued operations by the weighted average common and potentially dilutive common equivalent shares outstanding, determined as follows: Three Months Ended March 31, (In thousands) 2022 2021 Weighted average shares outstanding used to compute basic earnings per share 33,654 33,406 Incremental dilutive shares attributable to stock options and restricted stock 42 238 Shares used to compute diluted earnings per share 33,696 33,644

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2021
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule Of Reclassifications Of Balances Out Of Accumulated Other Comprehensive Income (Loss) Into Net Income	Foreign Currency Translation Gain (Loss) on Derivative Financial Instruments Pension & Other Postretirement Benefit Adjust Total Accumulated Other Comprehensive Income (Loss) Balance at January 1, 2022 (85,792) 901 (64,613) (149,504) Other comprehensive income (loss) 6,264 10,003 — 16,267 Income tax (expense) benefit (728) (3,190) — (3,918) Other comprehensive income (loss), net of tax 5,536 6,813 — 12,349 Reclassification adjustment to net income (loss) — (1,157) 3,250 2,093 Income tax (expense) benefit — 274 (712) (438) Reclassification adjustment to net income (loss), net of tax — (883) 2,538 1,655 Other comprehensive income (loss), net of tax 5,536 5,930 2,538 14,004 Balance at March 31, 2022 $ (80,256) $ 6,831 $ (62,075) $ (135,500) Foreign Currency Translation Gain (Loss) on Derivative Financial Instruments Pension & Other Postretirement Benefit Adjust Total Accumulated Other Comprehensive Income (Loss) Balance at January 1, 2021 (84,149) 2,264 (96,519) (178,404) Other comprehensive income (loss) (2,920) 231 — (2,689) Income tax (expense) benefit 272 42 — 314 Other comprehensive income (loss), net of tax (2,648) 273 — (2,375) Reclassification adjustment to net income (loss) — (655) 4,243 3,588 Income tax (expense) benefit — 146 (924) (778) Reclassification adjustment to net income (loss), net of tax — (509) 3,319 2,810 Other comprehensive income (loss), net of tax (2,648) (236) 3,319 435 Balance at March 31, 2021 $ (86,797) $ 2,028 $ (93,200) $ (177,969)

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Summary of Derivative Instruments [Abstract]
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 (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Aluminum futures contracts Prepaid expenses and other $ 6,665 Prepaid expenses and other $ 2,085 Aluminum futures contracts Other assets 521 Other assets — Liability derivatives: Aluminum futures contracts Accrued expenses (43) Accrued expenses (119) Net asset $ 7,143 $ 1,966 The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Foreign currency forward contracts Prepaid expenses and other $ 2,127 Prepaid expenses and other $ — Foreign currency forward contracts Other assets 481 Other assets — Liability derivatives: Foreign currency forward contracts Accrued expenses — Accrued expenses (1,255) Net asset (liability) $ 2,608 $ (1,255)
Derivative, Description of Hedged Item	Terphane Ltda. has the following outstanding foreign exchange average forward rate contracts to purchase Brazilian Real and sell U.S. Dollars: USD Notional Amount (000s) Average Forward Rate Contracted on USD/BRL R$ Equivalent Amount (000s) Applicable Month Estimated % of Terphane Ltda. R$ Operating Cost Exposure Hedged $1,615 5.4247 R$8,761 Apr-22 68% $1,647 5.4545 R$8,984 May-22 70% $1,596 5.4890 R$8,760 Jun-22 68% $1,719 5.5200 R$9,489 Jul-22 74% $1,708 5.5560 R$9,490 Aug-22 74% $1,780 5.5915 R$9,953 Sep-22 77% $1,793 5.6264 R$10,088 Oct-22 78% $1,784 5.6597 R$10,097 Nov-22 78% $1,659 5.6962 R$9,450 Dec-22 73% $625 5.5145 R$3,447 Jan-23 24% $625 5.5581 R$3,474 Feb-23 24% $625 5.6014 R$3,501 Mar-23 24% $625 5.6446 R$3,528 Apr-23 24% $625 5.6866 R$3,554 May-23 24% $625 5.7323 R$3,583 Jun-23 24% $625 5.7756 R$3,610 Jul-23 25% $625 5.8197 R$3,637 Aug-23 25% $625 5.8627 R$3,664 Sep-23 25% $625 5.9028 R$3,689 Oct-23 25% $625 5.9414 R$3,713 Nov-23 25% $625 5.9800 R$3,738 Dec-23 25% $22,801 5.6230 R$128,210 39%
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The table below summarizes the location and gross amounts of aluminum futures contract fair values (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Aluminum futures contracts Prepaid expenses and other $ 6,665 Prepaid expenses and other $ 2,085 Aluminum futures contracts Other assets 521 Other assets — Liability derivatives: Aluminum futures contracts Accrued expenses (43) Accrued expenses (119) Net asset $ 7,143 $ 1,966 The table below summarizes the location and gross amounts of foreign currency forward contract fair values (Level 2) in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021: March 31, 2022 December 31, 2021 (In thousands) Balance Sheet Fair Balance Sheet Fair Derivatives Designated as Hedging Instruments Asset derivatives: Foreign currency forward contracts Prepaid expenses and other $ 2,127 Prepaid expenses and other $ — Foreign currency forward contracts Other assets 481 Other assets — Liability derivatives: Foreign currency forward contracts Accrued expenses — Accrued expenses (1,255) Net asset (liability) $ 2,608 $ (1,255)
Schedule Of Pretax Effect On Net Income (Loss) And Other Comprehensive Income (Loss) Of Derivative Instruments Classified As Cash Flow Hedges	The pre-tax effect on net income (loss) and other comprehensive income (loss) of derivative instruments classified as cash flow hedges and described in the previous paragraphs for the three month periods ended March 31, 2022 and 2021 is summarized in the table below: Cash Flow Derivative Hedges Three Months Ended March 31, Aluminum Futures Contracts Foreign Currency Forwards 2022 2021 2022 2021 Amount of pre-tax gain (loss) recognized in other comprehensive income (loss) $ 6,182 $ 1,515 $ — $ 3,821 $ — $ (1,283) Location of gain (loss) reclassified from accumulated other comprehensive income (loss) into net income (effective portion) Cost of goods sold Cost of goods sold Cost of goods sold Selling, general & admin Cost of goods sold Selling, general & admin Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion) $ (1,005) $ 640 $ (15) $ (137) $ 17 $ (2)

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment	The following table presents net sales and EBITDA from ongoing operations by segment for the three months ended March 31, 2022 and 2021: Three Months Ended March 31, (In thousands) 2022 2021 Net Sales Aluminum Extrusions $ 158,110 $ 118,125 PE Films 31,131 27,953 Flexible Packaging Films 39,244 32,521 Total net sales 228,485 178,599 Add back freight 8,081 6,223 Sales as shown in the condensed consolidated statements of income $ 236,566 $ 184,822 EBITDA from Ongoing Operations Aluminum Extrusions: Ongoing operations: EBITDA $ 23,919 $ 13,302 Depreciation & amortization (4,261) (4,130) EBIT 19,658 9,172 Plant shutdowns, asset impairments, restructurings and other (105) 183 PE Films: Ongoing operations: EBITDA 7,047 7,213 Depreciation & amortization (1,595) (1,420) EBIT 5,452 5,793 Plant shutdowns, asset impairments, restructurings and other (102) (124) Flexible Packaging Films: Ongoing operations: EBITDA 5,035 9,623 Depreciation & amortization (550) (466) EBIT 4,485 9,157 Plant shutdowns, asset impairments, restructurings and other (43) (38) Total 29,345 24,143 Interest income 29 7 Interest expense 786 822 Gain on investment in kaléo — 718 Stock option-based compensation costs 631 468 Corporate expenses, net 10,722 10,863 Income (loss) from continuing operations before income taxes 17,235 12,715 Income tax expense (benefit) 778 3,097 Income (loss) from continuing operations 16,457 9,618 Income (loss) from discontinued operations, net of tax (35) (587) Net income (loss) $ 16,422 $ 9,031
Schedule Of Identifiable Assets By Segment	The following table presents identifiable assets by segment at March 31, 2022 and December 31, 2021: (In thousands) March 31, 2022 December 31, 2021 Aluminum Extrusions $ 311,971 $ 280,521 PE Films 115,307 113,613 Flexible Packaging Films 92,852 75,269 Subtotal 520,130 469,403 General corporate 18,742 23,482 Cash and cash equivalents 25,648 30,521 Discontinued operations 151 178 Total $ 564,671 $ 523,584
Disaggregation of Revenue [Table Text Block]	The following tables disaggregate the Company’s revenue by geographic area and product group for the three months ended March 31, 2022 and 2021: Net Sales by Geographic Area (a) Three Months Ended March 31, (In thousands) 2022 2021 United States $ 182,138 $ 132,897 Exports from the United States to: Asia 12,465 13,362 Latin America 1,441 1,102 Canada 4,193 5,434 Europe 1,363 955 Operations outside the United States: Brazil 26,885 24,849 Total $ 228,485 $ 178,599 (a) Export sales relate entirely to PE Films. Operations in Brazil relate entirely to Flexible Packaging Films. The Company’s facilities in Pottsville, PA (“PV”) and Guangzhou, China (“GZ”) have a tolling arrangement whereby certain surface protection films are manufactured in GZ for a fee with raw materials supplied from PV that are then shipped by GZ directly to customers principally in the Asian market, but paid by customers directly to PV. Amounts associated with this intercompany tolling arrangement are reported in the table above as export sales from the U.S. to Asia, and include net sales of $6.5 million and $6.9 million in the first three months of 2022 and 2021, respectively. Net Sales by Product Group Three Months Ended March 31, (In thousands) 2022 2021 Aluminum Extrusions: Nonresidential building & construction $ 80,921 $ 57,229 Consumer durables 16,891 13,152 Automotive 13,841 11,415 Residential building & construction 16,465 12,708 Electrical 7,287 7,180 Machinery & equipment 12,945 8,925 Distribution 9,760 7,516 Subtotal 158,110 118,125 PE Films: Surface protection films 22,148 20,601 Packaging 8,983 7,352 Subtotal 31,131 27,953 Flexible Packaging Films 39,244 32,521 Total $ 228,485 $ 178,599

Discontinued Operations and Dis

Discontinued Operations and Disposal Groups (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the financial results of discontinued operations reflected in the condensed consolidated statements of income for the three and three months ended March 31, 2022 and 2021: Three Months Ended March 31, (In thousands) 2022 2021 Costs and expenses: Selling, general and administrative 45 1,050 Adjustment to the fair value estimates used in the disposal of Personal Care Films (a) — (299) Total 45 751 Income (loss) from discontinued operations before income taxes (45) (751) Income tax expense (benefit) (10) (164) Income (loss) from discontinued operations, net of tax $ (35) $ (587) (a) Represents a net increase to the estimated fair value of Personal Care Films primarily due to lower costs associated with IT transition-related services to provide the seller developed assets, which did not exist at the time of the sale, to support the seller's IT infrastructure. The assets and liabilities of the discontinued operations reflected in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021, respectively, were as follows: March 31, December 31, (In thousands) 2022 2021 Assets Prepaid expenses and other (a) $ 151 $ 178 Liabilities Accrued expenses (a) $ 178 $ 193 (a) The condensed consolidated balance sheet of discontinued operations as of March 31, 2022 includes $0.2 million of other receivables related to the settlement of customary post-closing adjustments and other miscellaneous accrued expenses of $0.2 million. The condensed consolidated balance sheet of discontinued operations as of December 31, 2021 includes $0.2 million of other receivables related to the settlement of customary post-closing adjustments and other miscellaneous accrued expenses of $0.2 million. The following table provides significant operating and investing cash flow information for discontinued operations: Three Months Ended March 31, (In thousands) 2022 2021 Operating activities Other — (299)

Accounts and Other Receivable_2

Accounts and Other Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Accounts Receivable, before Allowance for Credit Loss, Current	$ 128,930	$ 102,090
Other Receivables, Gross, Current	2,517	2,958
Accounts Receivable, before Allowance for Credit Loss	131,447	105,048
Accounts Receivable, Allowance for Credit Loss	(1,888)	(1,736)
Accounts and other receivables, net	$ 129,559	$ 103,312

Inventories (Schedule Of Compon

Inventories (Schedule Of Components Of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventory, Net [Abstract]
Finished goods	$ 26,796	$ 25,199
Work-in-process	18,122	11,955
Raw materials	39,481	32,958
Stores, supplies and other	20,161	18,457
Inventories	$ 104,560	$ 88,569

Pension And Other Post-Retire_3

Pension And Other Post-Retirement Benefits (Narrative) (Details) - USD ($) $ in Millions	Feb. 09, 2022	Mar. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position		$ 29	$ 78.9
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Expected required contributions		0.5
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Contribution to pension plans for continuing operations	$ 50
Accrued Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability, Defined Benefit Plan, Current		$ 0.7

Pension And Other Post-Retire_4

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
	Mar. 31, 2022	Mar. 31, 2021
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0	$ 0
Interest cost	2,225	2,102
Expected return on plan assets	(2,055)	(2,862)
Amortization of prior service costs, (gains) losses and net transition asset	3,284	4,265
Net periodic benefit cost	3,454	3,505
Other Post-Retirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	9
Interest cost	51	50
Expected return on plan assets	0	0
Amortization of prior service costs, (gains) losses and net transition asset	(34)	(24)
Net periodic benefit cost	$ 22	$ 35

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Other Nonrecurring Expense	$ (32)	$ 304
Other Nonoperating Expense	(212)	(19)
Other Nonoperating Income (Expense), Net - Other	(16)	(95)
Other income (expense), net	(267)	760
Investment Income, Dividend	300
kaleo [Member]
Schedule of Investments [Line Items]
Unrealized Gain (Loss) on Investments - kaleo	0	718
Gain (Loss) on Investments		700
Investment Income, Dividend		300
Harbinger Capital Partners Special Situations Fund
Schedule of Investments [Line Items]
Gain (Loss) on Investments	(7)	$ (148)
Carrying value	$ 200		$ 200

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Details) - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,477,708	411,516

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
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding used to compute basic earnings per share	33,654	33,406
Incremental dilutive shares attributable to stock options and restricted stock	42	238
Shares used to compute diluted earnings per share	33,696	33,644

Accumulated Other Comprehensi_3

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
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	$ 184,722	$ 109,055
Other comprehensive income (loss)	16,267	(2,689)
Other comprehensive income (loss), net of tax	(3,918)	314
Other comprehensive income (loss), net of tax	12,349	(2,375)
Reclassification adjustment to net income (loss)	2,093	3,588
Income tax (expense) benefit	(438)	(778)
Reclassification adjustment to net income (loss), net of tax	1,655	2,810
Other comprehensive income (loss), net of tax	14,004	435
Ending Balance	211,868	115,987
Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(149,504)	(178,404)
Ending Balance	(135,500)	(177,969)
Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(85,792)	(84,149)
Other comprehensive income (loss)	6,264	(2,920)
Other comprehensive income (loss), net of tax	(728)	272
Other comprehensive income (loss), net of tax	5,536	(2,648)
Reclassification adjustment to net income (loss)	0	0
Income tax (expense) benefit	0	0
Reclassification adjustment to net income (loss), net of tax	0	0
Other comprehensive income (loss), net of tax	5,536	(2,648)
Ending Balance	(80,256)	(86,797)
Gain (Loss) on Derivative Financial Instruments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	901	2,264
Other comprehensive income (loss)	10,003	231
Other comprehensive income (loss), net of tax	(3,190)	42
Other comprehensive income (loss), net of tax	6,813	273
Reclassification adjustment to net income (loss)	(1,157)	(655)
Income tax (expense) benefit	274	146
Reclassification adjustment to net income (loss), net of tax	(883)	(509)
Other comprehensive income (loss), net of tax	5,930	(236)
Ending Balance	6,831	2,028
Pension & Other Postretirement Benefit Adjust
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Beginning Balance	(64,613)	(96,519)
Other comprehensive income (loss)	0	0
Other comprehensive income (loss), net of tax	0	0
Other comprehensive income (loss), net of tax	0	0
Reclassification adjustment to net income (loss)	3,250	4,243
Income tax (expense) benefit	(712)	(924)
Reclassification adjustment to net income (loss), net of tax	2,538	3,319
Other comprehensive income (loss), net of tax	2,538	3,319
Ending Balance	$ (62,075)	$ (93,200)

Derivative Financial Instrume_3

Derivative Financial Instruments (Narrative) (Details) R$ in Thousands, $ in Thousands, lbs in Millions	3 Months Ended
	Mar. 31, 2022USD ($)lbs	Mar. 31, 2022BRL (R$)	Mar. 31, 2022BRL (R$)lbs	Dec. 31, 2021USD ($)lbs
Derivative [Line Items]
Amounts of unrealized after tax gains (losses) to be Reclassified within Twelve Months	$ (3,500)
Aluminum Futures Contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 24,200			$ 22,100
Commitment Under Cash Flow Hedges, Mass | lbs	14.3		14.3	14.9
Terphane Ltda [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 22,801		R$ 128210
Terphane Ltda [Member] | Oct-2018 [Member]
Derivative [Line Items]
Annual Net Costs Mismatch Translation Exposure - Real vs US Dollar | R$		R$ 150000

Derivative Financial Instrume_4

Derivative Financial Instruments (Summary Of Location And Fair Value Of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 2,608
Derivative Asset, Fair Value, Gross Liability		$ (1,255)
Aluminum Futures Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	7,143	1,966
Derivatives Designated As Hedging Instruments [Member] | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Liability derivatives: Fair Value	0	1,255
Derivatives Designated As Hedging Instruments [Member] | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	2,127	0
Derivatives Designated As Hedging Instruments [Member] | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	481	0
Derivatives Designated As Hedging Instruments [Member] | Aluminum Futures Contracts | Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Liability derivatives: Fair Value	(43)	(119)
Derivatives Designated As Hedging Instruments [Member] | Aluminum Futures Contracts | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	6,665	2,085
Derivatives Designated As Hedging Instruments [Member] | Aluminum Futures Contracts | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 521	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments Terphane Future Cash Flow Hedges (Details) - Terphane Ltda [Member] R$ in Thousands, $ in Thousands	Mar. 31, 2022USD ($)	Mar. 31, 2022BRL (R$)
Derivative [Line Items]
Derivative, Notional Amount	$ 22,801	R$ 128210
Foreign Currency Exchange Rate, Translation	5.6230	5.6230
Percentage of Coverage Using Cash Flow Hedges	39.00%	39.00%
Apr-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,615	R$ 8761
Foreign Currency Exchange Rate, Translation	5.4247	5.4247
Percentage of Coverage Using Cash Flow Hedges	68.00%	68.00%
May-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,647	R$ 8984
Foreign Currency Exchange Rate, Translation	5.4545	5.4545
Percentage of Coverage Using Cash Flow Hedges	70.00%	70.00%
Jun-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,596	R$ 8760
Foreign Currency Exchange Rate, Translation	5.4890	5.4890
Percentage of Coverage Using Cash Flow Hedges	68.00%	68.00%
Jul-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,719	R$ 9489
Foreign Currency Exchange Rate, Translation	5.5200	5.5200
Percentage of Coverage Using Cash Flow Hedges	74.00%	74.00%
Aug-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,708	R$ 9490
Foreign Currency Exchange Rate, Translation	5.5560	5.5560
Percentage of Coverage Using Cash Flow Hedges	74.00%	74.00%
Sep-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,780	R$ 9953
Foreign Currency Exchange Rate, Translation	5.5915	5.5915
Percentage of Coverage Using Cash Flow Hedges	77.00%	77.00%
Oct-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,793	R$ 10088
Foreign Currency Exchange Rate, Translation	5.6264	5.6264
Percentage of Coverage Using Cash Flow Hedges	78.00%	78.00%
Nov-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,784	R$ 10097
Foreign Currency Exchange Rate, Translation	5.6597	5.6597
Percentage of Coverage Using Cash Flow Hedges	78.00%	78.00%
Dec-22
Derivative [Line Items]
Derivative, Notional Amount	$ 1,659	R$ 9450
Foreign Currency Exchange Rate, Translation	5.6962	5.6962
Percentage of Coverage Using Cash Flow Hedges	73.00%	73.00%
Jan-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3447
Foreign Currency Exchange Rate, Translation	5.5145	5.5145
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
Feb-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3474
Foreign Currency Exchange Rate, Translation	5.5581	5.5581
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
Mar-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3501
Foreign Currency Exchange Rate, Translation	5.6014	5.6014
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
Apr-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3528
Foreign Currency Exchange Rate, Translation	5.6446	5.6446
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
May-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3554
Foreign Currency Exchange Rate, Translation	5.6866	5.6866
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
Jun-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3583
Foreign Currency Exchange Rate, Translation	5.7323	5.7323
Percentage of Coverage Using Cash Flow Hedges	24.00%	24.00%
Jul-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3610
Foreign Currency Exchange Rate, Translation	5.7756	5.7756
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%
Aug-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3637
Foreign Currency Exchange Rate, Translation	5.8197	5.8197
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%
Sep-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3664
Foreign Currency Exchange Rate, Translation	5.8627	5.8627
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%
Oct-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3689
Foreign Currency Exchange Rate, Translation	5.9028	5.9028
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%
Nov-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3713
Foreign Currency Exchange Rate, Translation	5.9414	5.9414
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%
Dec-23
Derivative [Line Items]
Derivative, Notional Amount	$ 625	R$ 3738
Foreign Currency Exchange Rate, Translation	5.9800	5.9800
Percentage of Coverage Using Cash Flow Hedges	25.00%	25.00%

Derivative Financial Instrume_6

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) - Cash Flow Derivative Hedges - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Aluminum Futures Contracts | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	$ 6,182	$ 1,515
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	(1,005)	640
Foreign Currency Forwards | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	0	0
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	(15)	17
Foreign Currency Forwards | Selling, general & admin
Derivative Instruments, Gain (Loss) [Line Items]
Amount of pre-tax gain (loss) recognized in other comprehensive income (loss)	3,821	(1,283)
Amount of pre-tax gain (loss) reclassified from accumulated other comprehensive income (loss) to net income (effective portion)	$ (137)	$ (2)

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Taxes [Line Items]
Income Tax Expense (Benefit)	$ 778	$ 3,097
Income (loss) from continuing operations before income taxes	$ 17,235	$ 12,715
Effective Income Tax Rate Reconciliation, Percent	4.50%	24.40%
Foreign Tax Credit - Brazil	$ 1,500
Terphane Ltda [Member]
Income Taxes [Line Items]
Current Effective Tax Rate Including Social Contribution On Income	15.25%
Brazilian
Income Taxes [Line Items]
Effective Income Tax Rate Reconciliation Federal Statutory Tax Rate Including Social Contribution On Income	34.00%
Effective Income Tax Rate Reconciliation Federal Statutory Tax Rate Excluding Social Contribution On Income	25.00%
Effective income tax rate reconciliation social contribution on income	9.00%

Segment Reporting (Schedule Of

Segment Reporting (Schedule Of Segment Reporting Information By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Sales	$ 228,485	$ 178,599
Sales as shown in the condensed consolidated statements of income	236,566	184,822
Total Segment Income (Loss)	29,345	24,143
Interest income	29	7
Interest expense	786	822
Gain on investment in kaléo	0	(400)
Stock option-based compensation costs	631	468
Corporate expenses, net	10,722	10,863
Income (loss) from continuing operations before income taxes	17,235	12,715
Income Tax Expense (Benefit)	778	3,097
Income from continuing operations	16,457	9,618
Income (loss) from discontinued operations, net of tax	(35)	(587)
Net income (loss)	16,422	9,031
kaleo [Member]
Segment Reporting Information [Line Items]
Gain on investment in kaléo	0	718
Shipping and Handling [Member]
Segment Reporting Information [Line Items]
Cost of Goods and Services Sold	8,081	6,223
Aluminum Extrusions [Member]
Segment Reporting Information [Line Items]
Sales	158,110	118,125
Earnings before interest, taxes, depreciation and amortization (EBITDA)	23,919	13,302
Depreciation, Depletion and Amortization	(4,261)	(4,130)
Earnings before interest and taxes (EBIT)	19,658	9,172
EBITDA	(105)	183
PE Films [Member]
Segment Reporting Information [Line Items]
Sales	31,131	27,953
Earnings before interest, taxes, depreciation and amortization (EBITDA)	7,047	7,213
Depreciation, Depletion and Amortization	(1,595)	(1,420)
Earnings before interest and taxes (EBIT)	5,452	5,793
EBITDA	(102)	(124)
Flexible Packaging Films [Member] [Domain]
Segment Reporting Information [Line Items]
Sales	39,244	32,521
Flexible Packaging Films [Member]
Segment Reporting Information [Line Items]
Earnings before interest, taxes, depreciation and amortization (EBITDA)	5,035	9,623
Depreciation, Depletion and Amortization	(550)	(466)
Earnings before interest and taxes (EBIT)	4,485	9,157
EBITDA	$ (43)	$ (38)

Segment Reporting (Schedule O_2

Segment Reporting (Schedule Of Identifiable Assets By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets	$ 564,671	$ 523,584
Cash and cash equivalents	25,648	30,521	$ 21,859	$ 11,846
Disposal Group, Including Discontinued Operation, Assets	151	178
Aluminum Extrusions [Member]
Assets	311,971	280,521
PE Films [Member]
Assets	115,307	113,613
Flexible Packaging Films [Member]
Assets	92,852	75,269
Subtotal
Assets	520,130	469,403
General Corporate
Assets	$ 18,742	$ 23,482

Segment Reporting Schedule of R

Segment Reporting Schedule of Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Sales	$ 228,485	$ 178,599
Aluminum Extrusions [Member]
Disaggregation of Revenue [Line Items]
Sales	158,110	118,125
Aluminum Extrusions [Member] | Nonresidential Building And Construction [Member]
Disaggregation of Revenue [Line Items]
Sales	80,921	57,229
Aluminum Extrusions [Member] | Consumer Durables [Member]
Disaggregation of Revenue [Line Items]
Sales	16,891	13,152
Aluminum Extrusions [Member] | Automotive [Member]
Disaggregation of Revenue [Line Items]
Sales	13,841	11,415
Aluminum Extrusions [Member] | Residential Building And Construction [Member]
Disaggregation of Revenue [Line Items]
Sales	16,465	12,708
Aluminum Extrusions [Member] | Electrical [Member]
Disaggregation of Revenue [Line Items]
Sales	7,287	7,180
Aluminum Extrusions [Member] | Machinery and Equipment BNL [Domain]
Disaggregation of Revenue [Line Items]
Sales	12,945	8,925
Aluminum Extrusions [Member] | Distribution [Member]
Disaggregation of Revenue [Line Items]
Sales	9,760	7,516
Aluminum Extrusions [Member] | Aluminum Extrusions Subtotal [Member]
Disaggregation of Revenue [Line Items]
Sales	158,110	118,125
PE Films [Member]
Disaggregation of Revenue [Line Items]
Sales	31,131	27,953
PE Films [Member] | Surface Protection Films [Member]
Disaggregation of Revenue [Line Items]
Sales	22,148	20,601
PE Films [Member] | Personal Care Materials
Disaggregation of Revenue [Line Items]
Sales	8,983	7,352
PE Films [Member] | Film Products Subtotal [Member]
Disaggregation of Revenue [Line Items]
Sales	31,131	27,953
Flexible Packaging Films [Member] [Domain]
Disaggregation of Revenue [Line Items]
Sales	39,244	32,521
UNITED STATES
Disaggregation of Revenue [Line Items]
Sales	182,138	132,897
Asia [Member] | Exports From United States [Member]
Disaggregation of Revenue [Line Items]
Sales	12,465	13,362
Revenues	6,500	6,900
Latin America [Member] | Exports From United States [Member]
Disaggregation of Revenue [Line Items]
Sales	1,441	1,102
CANADA | Exports From United States [Member]
Disaggregation of Revenue [Line Items]
Sales	4,193	5,434
Europe [Member] | Exports From United States [Member]
Disaggregation of Revenue [Line Items]
Sales	1,363	955
Brazil | Operations Outside United States [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 26,885	$ 24,849

Divestitures and Assets Held _2

Divestitures and Assets Held for Sale - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Aug. 24, 2020
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group, Including Discontinued Operation, Consideration		$ 60.5
Disposal Group Including Discontinued Operation Cash Proceeds	$ 64.1

Divestitures and Assets Held _3

Divestitures and Assets Held for Sale - Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group, Including Discontinued Operation, General and Administrative Expense	$ 45	$ 1,050
Disposal Group, Including Discontinued Operation, adjustment to fair value	0	(299)
Disposal Group, Including Discontinued Operation, Operating Expense	45	751
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	(45)	(751)
Discontinued Operation, Tax Effect of Discontinued Operation	(10)	(164)
Income (loss) from discontinued operations, net of tax	(35)	$ (587)
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets	151		$ 178
Disposal Group, Including Discontinued Operation, Accrued Expenses	178		193
Disposal Group, Including Discontinued Operation, Other Receivable	200		200
Disposal Group, Including Discontinued Operation, Other Accrued Expense	$ 200		$ 200

Investments (Narrative) (Detail

Investments (Narrative) (Details) 1 - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2008
Net Investment Income [Line Items]
Proceeds from Sale of Investment Projects	$ 47,100
Investment Income, Dividend	$ 300
kaleo [Member]
Net Investment Income [Line Items]
Cost Method Investments, Original Cost			$ 7,500
Gain (Loss) on Investments		$ (700)
Investment Income, Dividend		$ 300