CONDENSED CONSOLIDATING FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2015

(Amounts in thousands)



	LMIA(Guarantor Parent)		Guarantor Subsidiaries		Consolidating/Eliminating Entries			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	10,251	$	253	$	—		$	10,504
Trade accounts receivable, net	1,220		47,271		—			48,491
Intercompany receivables	196,496		203,128		(399,624		)	—
Inventories	—		114,775		—			114,775
Prepaid expenses and other current assets	2,224		1,923		—			4,147
Total current assets	210,191		367,350		(399,624		)	177,917

Property, plant and equipment, net	5,430		95,539		—			100,969
Investments in subsidiaries	387,868		—		(387,868		)	—
Goodwill	—		86,784		—			86,784
Intangible assets, net	—		46,582		—			46,582
Other assets	2,135		1,593		—			3,728
Total assets	$	605,624	$	597,848	$	(787,492	)	$	415,980

Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	1,393	$	11,763	$	—		$	13,156
Accrued expenses	17,009		13,006		—			30,015
Intercompany Payables	237,548		162,076		(399,624		)	$	—
Current installments of long-term debt and capital lease obligations	85		2,277		—			2,362
Total current liabilities	256,035		189,122		(399,624		)	45,533

Long-term debt and capital lease obligations, less current installments	229,752		17,881		—			247,633
Other long-term liabilities	1,881		2,441		—			4,322
Deferred income taxes			536		—			536
Total long-term liabilities	231,633		20,858		—			252,491

Total shareholders’ equity	117,956		387,868		(387,868		)	117,956
Total liabilities and shareholders’ equity	$	605,624	$	597,848	$	(787,492	)	$	415,980

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2014

(Amounts in thousands)



	LMIA(Guarantor Parent)		Guarantor Subsidiaries		Consolidating/Eliminating Entries			Consolidated
Assets
Current assets:
Cash and cash equivalents	7,058		869		—			7,927
Trade accounts receivable, net	1,310		56,924		—			58,234
Intercompany receivables	145,980		145,223		(291,203		)	—
Inventories	—		114,279		—			114,279
Prepaid expenses and other current assets	8,325		1,930		—			10,255
Total current assets	162,673		319,225		(291,203		)	190,695

Property, plant and equipment, net	3,148		96,334		—			99,482
Investments in subsidiaries	368,587				(368,587		)	—
Goodwill	—		86,784		—			86,784
Intangible assets, net	—		50,940		—			50,940
Other assets	2,876		1,837		—			4,713
Total assets	$	537,284	$	555,120	$	(659,790	)	$	432,614

Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	1,339		20,416		—			$	21,755
Accrued expenses	13,679		12,393		—			26,072
Intercompany Payables	164,158		127,045		(291,203		)	$	—
Current installments of long-term debt and capital lease obligations	335		3,089		—			3,424
Total current liabilities	179,511		162,943		(291,203		)	51,251

Long-term debt and capital lease obligations, less current installments	239,307		20,338		—			259,645
Other long-term liabilities	331		2,958		—			3,289
Deferred income taxes	—		294		—			294
Total long-term liabilities	239,638		23,590		—			263,228

Total shareholders’ equity	118,135		368,587		(368,587		)	118,135
Total liabilities and shareholders’ equity	$	537,284	$	555,120	$	(659,790	)	$	432,614

Condensed Consolidating Income Statement

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

December 31, 2015

(Amounts in thousands, except share and per share data)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Sales and service revenue
Product sales	239			323,337			35			$	323,611
Service revenues	36,184			51,720			(36,419		)	51,485
Net sales	36,423			375,057			(36,384		)	375,096
Cost of sales and service revenue
Cost of product sales	248			259,327			35			259,610
Cost of service revenues	35,952			47,166			(36,418		)	46,700
Cost of sales	36,200			306,493			(36,383		)	306,310
Gross profit	223			68,564			(1		)	68,786
Selling, general and administrative expenses	—			45,678			—			45,678
Restructuring expense	340			1,982			—			2,322
(Loss) income from operations	(117		)	20,904			(1		)	20,786
Other income (expense):
Interest expense	(21,449		)	(990		)	—			(22,439		)
Other, net	—			(236		)	—			(236		)
Income (loss) from equity investments in subsidiaries	19,284			—			(19,284		)	—
Total other expense	(2,165		)	(1,226		)	(19,284		)	(22,675		)
(Loss) income before income taxes	(2,282		)	19,678			(19,285		)	(1,889		)
Provision for income taxes	—			352			—			352
Net (loss) income	(2,282		)	19,326			(19,285		)	(2,241		)
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	—			(41		)	—			(41		)
Total comprehensive (loss) income	$	(2,282	)	$	19,285		$	(19,285	)	$	(2,282	)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

December 31, 2014

(Amounts in thousands, except share and per share data)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Sales and service revenue
Product sales	466			321,286			(468		)	$	321,284
Service revenues	36,181			66,543			(36,191		)	66,533
Net sales	36,647			387,829			(36,659		)	387,817
Cost of sales and service revenue
Cost of product sales	699			254,544			(468		)	254,775
Cost of service revenues	35,998			57,864			(36,190		)	57,672
Cost of sales	36,697			312,408			(36,658		)	312,447
Gross profit	(50		)	75,421			(1		)	75,370
Selling, general and administrative expenses	792			54,412			—			55,204
Goodwill and intangible asset impairment	—			26,439			—			26,439
Restructuring expense	1,012			1,573			—			2,585
Loss from operations	(1,854		)	(7,003		)	(1		)	(8,858		)
Other income (expense):
Interest expense	(28,224		)	(1,056		)	—			(29,280		)
Other, net	11			212			—			223
(Loss) Income from equity investments in subsidiaries	(8,860		)	—			8,860			—
Total other (expense) income	(37,073		)	(844		)	8,860			(29,057		)
(Loss) income before income taxes	(38,927		)	(7,847		)	8,859			(37,915		)
(Benefit) provision for income taxes	(9,867		)	914			—			(8,953		)
Net (loss) income	(29,060		)	(8,761		)	8,859			(28,962		)
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	—			(98		)	—			(98		)
Reclassification adjustment for losses on interest rate hedges included in net earnings	278			—			—			278
Total comprehensive (loss) income	$	(28,782	)	$	(8,859	)	$	8,859		$	(28,782	)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

December 31, 2013

(Amounts in thousands, except share and per share data)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Sales and service revenue
Product sales	4,388			324,455			(4,710		)	$	324,133
Service revenues	41,578			88,141			(41,295		)	88,424
Net sales	45,966			412,596			(46,005		)	412,557
Cost of sales and service revenue
Cost of product sales	4,290			255,681			(4,710		)	255,261
Cost of service revenues	41,533			77,124			(41,223		)	77,434
Cost of sales	45,823			332,805			(45,933		)	332,695
Gross profit	143			79,791			(72		)	79,862
Selling, general and administrative expenses	—			55,934			(72		)	55,862
Goodwill and intangible asset impairment	—			77,750			—			77,750
Contingent consideration write-off	(7,950		)	—			—			(7,950		)
Restructuring expense	4			3,069			—			3,073
Acquisitions expense	229			18			—			247
Income (loss) from operations	7,860			(56,980		)	—			(49,120		)
Other (expense) income:
Interest expense	(15,887		)	(1,075		)	—			(16,962		)
Other, net	95			523			—			618
Income (loss) from equity investments in subsidiaries	(52,278		)	—			52,278			—
Total other expense	(68,070		)	(552		)	52,278			(16,344		)
(Loss) income before income taxes	(60,210		)	(57,532		)	52,278			(65,464		)
Benefit for income taxes	(1,702		)	(5,277		)	—			(6,979		)
Net (loss) income	(58,508		)	(52,255		)	52,278			(58,485		)
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	—			(23		)	—			(23		)
Unrealized loss on interest rate hedges	(278		)	—			—			(278		)
Total comprehensive (loss) income	$	(58,786	)	$	(52,278	)	$	52,278		$	(58,786	)

Condensed Consolidating Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year ended December 31, 2015

(Amounts in thousands)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Operating activities:
Net (loss)/income	$	(2,282	)	$	19,326		$	(19,285	)	$	(2,241	)
Adjustments for non-cash items	(14,546		)	18,416			19,285			23,155
Net changes in operating assets and liabilities, net of acquired businesses	10,420			1,028			—			11,448
Intercompany activity	22,874			(22,874		)	—			—
Net cash provided by operating activities	16,466			15,896			—			32,362
Investing activities:
Additions to property, plant and equipment	(1,903		)	(14,696		)	—			(16,599		)
Proceeds from sale of equipment	—			285			—			285
Net cash used by investing activities	(1,903		)	(14,411		)	—			(16,314		)
Financing activities:
Principal payments on long-term debt and notes payable	(11,160		)	(2,116		)	—			(13,276		)
Advances on revolving line of credit	99,000			—			—			99,000
Payments on revolving line of credit	(99,000		)	—			—			(99,000		)
Payments for debt issuance cost	(210		)	15			—			(195		)
Net cash used by financing activities	(11,370		)	(2,101		)	—			(13,471		)
Net increase (decrease) in cash and cash equivalents	3,193			(616		)	—			2,577
Cash and cash equivalents, beginning of year	7,058			869			—			7,927
Cash and cash equivalents, end of year	$	10,251		$	253		$	—		$	10,504

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year ended December 31, 2014

(Amounts in thousands)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Operating activities:
Net (loss)/income	$	(29,060	)	$	(8,761	)	$	8,859		$	(28,962	)
Adjustments for non-cash items	21,714			46,496			(8,859		)	59,351
Net changes in operating assets and liabilities, net of acquired businesses	19,977			(1,249		)	—			18,728
Intercompany activity	17,663			(17,663		)	—			—
Net cash provided by operating activities	30,294			18,823			—			49,117
Investing activities:
Additions to property, plant and equipment	(715		)	(15,975		)	—			(16,690		)
Proceeds from sale of equipment	2,558			1,021			—			3,579
Net cash provided (used) by investing activities	1,843			(14,954		)	—			(13,111		)
Financing activities:
Proceeds from issuance of debt	250,000			—			—			250,000
Principal payments on long-term debt and notes payable	(231,466		)	(4,167		)	—			(235,633		)
Advances on revolving line of credit	66,000			—			—			66,000
Payments on revolving line of credit	(102,000		)	—			—			(102,000		)
Payments for debt issuance cost	(8,018		)	—			—			(8,018		)
Other, net	—			—			—			—
Net cash used by financing activities	(25,484		)	(4,167		)	—			(29,651		)
Net increase (decrease) in cash and cash equivalents	6,653			(298		)	—			6,355
Cash and cash equivalents, beginning of year	405			1,167			—			1,572
Cash and cash equivalents, end of year	$	7,058		$	869		$	—		$	7,927

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year ended December 31, 2013

(Amounts in thousands)



	LMIA(Guarantor Parent)			Guarantor Subsidiaries			Consolidating/Eliminating Entries			Consolidated
Operating activities:
Net (loss)/income	$	(58,508	)	$	(52,255	)	$	52,278		$	(58,485	)
Adjustments for non-cash items	46,788			90,985			(52,278		)	85,495
Net changes in operating assets and liabilities, net of acquired businesses	696			(36,055		)	—			(35,359		)
Intercompany activity	(12,974		)	12,974			—			—
Net cash (used)/provided by operating activities	(23,998		)	15,649			—			(8,349		)
Investing activities:
Additions to property, plant and equipment	(4,623		)	(19,115		)	—			(23,738		)
Acquisitions, net of cash acquired	(504		)	—			—			(504		)
Proceeds from sale of equipment	—			1,989			—			1,989
Net cash used by investing activities	(5,127		)	(17,126		)	—			(22,253		)
Financing activities:
Proceeds from issuance of debt	3,551			2,200			—			5,751
Principal payments on long-term debt and notes payable	(5,767		)	(96		)	—			(5,863		)
Advances on revolving line of credit	107,000			—			—			107,000
Payments on revolving line of credit	(77,236		)	—			—			(77,236		)
Payments for debt issuance cost	(1,780		)	(37		)	—			(1,817		)
Other, net	(8		)	—			—			(8		)
Net cash provided by financing activities	25,760			2,067			—			27,827
Net (decrease) increase in cash and cash equivalents	(3,365		)	590			—			(2,775		)
Cash and cash equivalents, beginning of year	3,770			577			—			4,347
Cash and cash equivalents, end of year	$	405		$	1,167		$	—		$	1,572