Business Segments (Tables)

9 Months Ended

Jun. 30, 2012

Financial Information to Business Segments


	Three Months Ended June 30						Nine Months Ended June 30
($ in millions)	2012			2011			2012			2011
Net sales (1)
Metal packaging	$	201.0		$	194.3		$	543.6		$	519.9
Plastic packaging		128.7			134.2			344.2			351.6

Consolidated net sales	$	329.7		$	328.5		$	887.8		$	871.5


Segment earnings (2)
Metal packaging	$	44.7		$	42.8		$	111.4		$	98.6
Plastic packaging		7.2			7.0			17.4			14.1

Segment earnings	$	51.9		$	49.8		$	128.8		$	112.7


Reconciliation of segment earnings to income (loss) before income taxes
BWAY Parent
Segment earnings	$	51.9		$	49.8		$	128.8		$	112.7
Depreciation and amortization expense		(21.7	)		(22.7	)		(64.9	)		(66.4	)
Corporate undistributed expenses (3)		(3.7	)		(2.7	)		(9.9	)		(8.9	)
Other undistributed expenses (4)		(18.0	)		(18.7	)		(42.6	)		(55.5	)

Income (loss) before income taxes	$	8.5		$	5.7		$	11.4		$	(18.1	)


BWAY Intermediate
Segment earnings	$	51.9		$	49.8		$	128.8		$	112.7
Depreciation and amortization expense		(21.7	)		(22.7	)		(64.9	)		(66.4	)
Corporate undistributed expenses (3)		(3.7	)		(2.7	)		(9.9	)		(8.5	)
Other undistributed expenses (4)		(12.9	)		(14.0	)		(27.5	)		(41.5	)

Income (loss) before income taxes	$	13.6		$	10.4		$	26.5		$	(3.7	)


Depreciation and amortization
Metal packaging	$	12.1		$	12.6		$	36.2		$	37.7
Plastic packaging		8.5			9.4			25.7			26.7

Segment depreciation and amortization		20.6			22.0			61.9			64.4
Corporate		1.1			0.7			3.0			2.0

Consolidated depreciation and amortization	$	21.7		$	22.7		$	64.9		$	66.4

(1)

In the periods presented, there were no significant intersegment sales.

(2)

Management uses a measure of segment earnings to evaluate segment performance. We calculate segment earnings as net sales less costs of products sold and selling expenses, each as related to the applicable segment. Segment earnings exclude depreciation and amortization.

(3)

Corporate undistributed expenses include stock-based compensation expense and certain other general administrative expenses not allocated to the segments for reporting purposes. Corporate undistributed expenses exclude depreciation and amortization.

(4)

Other undistributed expenses not allocated to segments include the following: restructuring expense, interest expense, business acquisitions costs, gain on disposition of equipment and other expense (income).

Percentage of Net sales by customer geographic location


	Three Months Ended June 30						Nine Months Ended June 30
	2012			2011			2012			2011
Consolidated net sales
United States		93	%		93	%		93	%		93	%
Canada		6			7			6			7
Other		1			–			1			–

Total		100	%		100	%		100	%		100	%


Metal packaging net sales
United States		93	%		92	%		93	%		93	%
Canada		6			7			6			7
Other		1			1			1			–

Total		100	%		100	%		100	%		100	%


Plastic packaging net sales
United States		93	%		92	%		93	%		92	%
Canada		7			8			7			8
Other		–			–			–			–

Total		100	%		100	%		100	%		100	%

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

BWAY PARENT COMPANY, INC. 10-Q/A