v3.26.1
Realignment Actions (Notes)
6 Months Ended
Jun. 30, 2026
Realignment Actions [Abstract]  
Restructuring, Impairment, and Other Activities Disclosure [Text Block] Realignment Actions
2026 Realignment Actions
During the six months ended June 30, 2026, the Company incurred realignment charges in its Packaging segment and corporate office, primarily for severance, as well as related to the closure and consolidation of its Atkins, Arkansas facility into other locations. In connection with these actions, the Company recorded pre-tax realignment charges of $2.1 million and $6.2 million during the three and six months ended June 30, 2026, respectively. Pre-tax realignment charges recorded during the three months ended June 30, 2026, consist of $1.4 million related to facility move and consolidation costs, $0.5 million related to charges to accelerate the depreciation of certain fixed assets, and $0.2 million for employee-related costs. Pre-tax realignment charges recorded during the six months ended June 30, 2026, consist of $4.3 million for employee-related costs including $0.5 million of non-cash compensation expense, $1.4 million related to facility move and consolidation costs, and $0.5 million related to charges to accelerate the depreciation of certain fixed assets. For the three months ended June 30, 2026, $1.9 million and $0.2 million of these charges were included in cost of sales and selling, general and administrative expenses, respectively, in the accompanying consolidated statement of income. For the six months ended June 30, 2026, $1.9 million and $4.3 million of these charges were included in cost of sales and selling, general and administrative expenses, respectively, in the accompanying consolidated statement of income.
2025 Realignment Actions
During the three and six months ended June 30, 2025, the Company recorded $0.7 million and $4.5 million, respectively, of realignment costs related to actions to reorganize its corporate office, primarily for severance and consulting costs, including $1.5 million of non-cash compensation expense during the six months ended June 30, 2025. These charges were included in selling, general and administrative expenses in the accompanying consolidated statement of income.