XML 19 R121.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Information (Quarterly Comparison of Financial Statements as Previously Filed - Statement of Operations) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 84 Months Ended
Dec. 29, 2013
Sep. 29, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 30, 2012
Sep. 23, 2012
Jun. 24, 2012
Mar. 25, 2012
Jun. 30, 2013
Jun. 24, 2012
Sep. 29, 2013
Sep. 23, 2012
Dec. 29, 2013
Dec. 30, 2012
Dec. 25, 2011
Dec. 25, 2011
Net revenues $ 194,387 $ 174,888 $ 172,290 $ 148,173 $ 200,497 $ 168,258 $ 177,762 $ 143,403 $ 320,463 $ 321,165 $ 495,351 $ 489,423 $ 689,738 $ 689,920 $ 758,400  
Cost of revenues   104,356 102,399 94,907   100,103 107,603 90,932 197,306 198,535 301,662 298,638 420,647 420,084 450,508  
Gross profit 75,402 70,532 69,891 53,266 79,051 68,155 70,159 52,471 123,157 122,630 193,689 190,785 269,091 269,836 307,892  
Selling, general, and administrative expenses   51,392 57,215 55,525   56,480 65,221 65,260 112,740 130,481 164,132 186,961 218,807 248,107 280,136  
Research and development   4,369 4,627 4,693   4,335 4,020 4,454 9,320 8,474 13,689 12,809 17,524 16,400 19,269  
Restructuring expenses   937 1,629 2,016   4,112 21,266 1,718 3,645 22,984 4,582 27,096 10,866 28,438 28,640  
Goodwill impairment           0 64,437     64,437   64,437 0 102,715 0  
Litigation settlement     0 (6,584)       0 (6,584)   (6,584)   (6,584) 295 943  
Acquisition costs   253 280 161   17 96 14 441 110 694 127 960 332 2,319  
Other income       0       745         0 (3,907) (179) 4,100
Other operating income     (248) (330)   0 0 0 (578) (745) 578 (745) (578) (2,043) (1,827)  
Operating income (loss)   13,581 6,388 (2,215)   3,211 (84,881) (19,720) 4,173 (104,601) 17,754 (101,390) 23,276 (120,501) (22,001)  
Interest income   294 405 399   396 395 500 804 895 1,098 1,291 1,515 1,757 3,381  
Interest expense, net   2,976 3,330 2,564   5,131 2,410 2,405 5,894 4,815 8,870 9,946 18,955 12,540 8,900  
Other gain (loss), net   (1,002) (1,966) (545)   325 (146) (150) (2,511) (296) (3,513) 29 (3,936) (1,731) (1,523)  
Earnings (loss) from continuing operations before income taxes   9,897 1,497 (4,925)   (1,199) (87,042) (21,775) (3,428) (108,817) 6,469 (110,016) 1,900 (133,015) (29,043)  
Income taxes expense   2,665 600 0   3,505 5,950 (10,755) 600 (4,805) 3,265 (1,300) 3,671 6,005 53,353  
Net loss from continuing operations (4,975) 7,232 897 (4,925) (30,304) (4,704) (92,992) (11,020) (4,028) (104,012) 3,204 (108,716) (1,771) (139,020) (82,396)  
Loss from discontinued operations, net of tax (benefit) expense of ($68), $247, and ($378)   (100) (14,329) (2,556)   (1,105) (2,357) (368) (16,885) (2,725) (16,985) (3,830) (17,156) (7,959) (1,165)  
Net loss   7,132 (13,432) (7,481)   (5,809) (95,349) (11,388) (20,913) (106,737) (13,781) (112,546) (18,927) (146,979) (83,561)  
Less: loss attributable to non-controlling interests   0 59 (58)   (51) (25) (279) 1 (304) 1 (355) 1 (529) (57)  
Net loss attributable to Checkpoint Systems, Inc. (5,146) 7,132 (13,491) (7,423) (34,259) (5,758) (95,324) (11,109) (20,914) (106,433) (13,782) (112,191) (18,928) (146,450) (83,504)  
Loss from continuing operations $ (0.12) $ 0.17 $ 0.02 $ (0.12) $ (0.73) $ (0.11) $ (2.27) $ (0.26) $ (0.10) $ (2.53) $ 0.08 $ (2.65) $ (0.05) $ (3.37) $ (2.03)  
Loss from discontinued operations, net of tax   $ 0.00 $ (0.35) $ (0.06)   $ (0.03) $ (0.06) $ (0.01) $ (0.41) $ (0.07) $ (0.41) $ (0.09) $ (0.41) $ (0.20) $ (0.03)  
Basic (US$ per share) $ (0.12) $ 0.17 $ (0.33) $ (0.18) $ (0.83) $ (0.14) $ (2.33) $ (0.27) $ (0.51) $ (2.60) $ (0.33) $ (2.74) $ (0.46) $ (3.57) $ (2.06)  
Loss from continuing operations $ (0.12) $ 0.17 $ 0.02 $ (0.12) $ (0.73) $ (0.11) $ (2.27) $ (0.26) $ (0.10) $ (2.53) $ 0.08 $ (2.65) $ (0.05) $ (3.37) $ (2.03)  
Loss from discontinued operations, net of tax   $ 0.00 $ (0.34) $ (0.06)   $ (0.03) $ (0.06) $ (0.01) $ (0.41) $ (0.07) $ (0.41) $ (0.09) $ (0.41) $ (0.20) $ (0.03)  
Diluted (US$ per share) $ (0.12) $ 0.17 $ (0.32) $ (0.18) $ (0.83) $ (0.14) $ (2.33) $ (0.27) $ (0.51) $ (2.60) $ (0.33) $ (2.74) $ (0.46) $ (3.57) $ (2.06)  
As Previously Reported
                               
Net revenues   174,466 172,018 148,835 200,178 168,813 177,604 144,194 320,853 321,798 495,319 490,611   690,789 763,749  
Cost of revenues   104,210 102,399 94,894   100,153 107,080 91,173 197,293 198,253 301,503 298,406   419,947 451,459  
Gross profit   70,256 69,619 53,941 78,637 68,660 70,524 53,021 123,560 123,545 193,816 192,205   270,842 312,290  
Selling, general, and administrative expenses   50,980 56,850 55,287   56,881 65,220 65,603 112,137 130,823 163,117 187,704   249,089 279,791  
Research and development   4,369 4,627 4,693   4,335 4,020 4,454 9,320 8,474 13,689 12,809   16,400 19,269  
Restructuring expenses   937 1,629 2,016   4,112 21,266 1,718 3,645 22,984 4,582 27,096   28,422 28,640  
Goodwill impairment           0 64,437     64,437   64,437   102,715    
Litigation settlement   0 0 (6,584)       0 (6,584)   (6,584)     0 0  
Acquisition costs   253 280 161   17 96 14 441 110 694 127   332 2,319  
Other income       0       745           (3,907) (179)  
Other operating income   0 (248) (330)   0 0 0 (578) (745) 578 (745)   (2,043) (19,262)  
Operating income (loss)   13,717 6,481 (1,302)   3,315 (84,515) (19,513) 5,179 (104,028) 18,896 (100,713)   (120,461) 177  
Interest income   294 405 399   396 395 500 804 895 1,098 1,291   1,757 3,381  
Interest expense, net   2,453 2,822 2,059   4,668 1,939 1,935 4,881 3,874 7,334 8,542   10,647 7,923  
Other gain (loss), net   (1,002) (1,966) (545)   325 (146) (150) (2,511) (296) (3,513) 29   (1,731) (1,523)  
Earnings (loss) from continuing operations before income taxes   10,556 2,098 (3,507)   (632) (86,205) (21,098) (1,409) (107,303) 9,147 (107,935)   (131,082) (5,888)  
Income taxes expense   2,832 784 279   3,648 5,624 (10,196) 1,063 (4,572) 3,895 (924)   7,364 59,573  
Net loss from continuing operations   7,724 1,314 (3,786) (31,435) (4,280) (91,829) (10,902) (2,472) (102,731) 5,252 (107,011)   (138,446) (65,461)  
Loss from discontinued operations, net of tax (benefit) expense of ($68), $247, and ($378)   (100) (14,329) (2,556)   (1,105) (2,357) (368) (16,885) (2,725) (16,985) (3,830)   (7,959) (1,165)  
Net loss   7,624 (13,015) (6,342)   (5,385) (94,186) (11,270) (19,357) (105,456) (11,733) (110,841)   (146,405) (66,626)  
Less: loss attributable to non-controlling interests   0 59 (58)   (51) (25) (279) 1 (304) 1 (355)   (529) (57)  
Net loss attributable to Checkpoint Systems, Inc.   7,624 (13,074) (6,284) (35,390) (5,334) (94,161) (10,991) (19,358) (105,152) (11,734) (110,486)   (145,876) (66,569)  
Loss from continuing operations   $ 0.18 $ 0.03 $ (0.09) $ (0.76) $ (0.10) $ (2.24) $ (0.26) $ (0.06) $ (2.50) $ 0.13 $ (2.61)   $ (3.36) $ (1.61)  
Loss from discontinued operations, net of tax   $ 0.00 $ (0.35) $ (0.06)   $ (0.03) $ (0.06) $ (0.01) $ (0.41) $ (0.07) $ (0.41) $ (0.09)   $ (0.20) $ (0.03)  
Basic (US$ per share)   $ 0.18 $ (0.32) $ (0.15) $ (0.86) $ (0.13) $ (2.30) $ (0.27) $ (0.47) $ (2.57) $ (0.28) $ (2.70)   $ (3.56) $ (1.64)  
Loss from continuing operations   $ 0.18 $ 0.03 $ (0.09) $ (0.76) $ (0.10) $ (2.24) $ (0.26) $ (0.06) $ (2.50) $ 0.13 $ (2.61)   $ (3.36) $ (1.61)  
Loss from discontinued operations, net of tax   $ 0.00 $ (0.34) $ (0.06)   $ (0.03) $ (0.06) $ (0.01) $ (0.41) $ (0.07) $ (0.41) $ (0.09)   $ (0.20) $ (0.03)  
Diluted (US$ per share)   $ 0.18 $ (0.31) $ (0.15) $ (0.86) $ (0.13) $ (2.30) $ (0.27) $ (0.47) $ (2.57) $ (0.28) $ (2.70)   $ (3.56) $ (1.64)  
Restatement Adjustments
                               
Net revenues   422 272 (662)   (555) 158 (791) (390) (633) 32 (1,188)   (869) (5,349)  
Cost of revenues   146 0 13   (50) 523 (241) 13 282 159 232   137 (951)  
Gross profit   276 272 (675)   (505) (365) (550) (403) (915) (127) (1,420)   (1,006) (4,398)  
Selling, general, and administrative expenses   412 365 238   (401) 1 (343) 603 (342) 1,015 (743)   (982) 345  
Research and development   0 0 0   0 0 0 0 0 0 0   0 0  
Restructuring expenses   0 0 0   0 0 0 0 0 0 0   16 0  
Goodwill impairment           0 0     0   0   0    
Litigation settlement   0 0 0       0 0   0     0 0  
Acquisition costs   0 0 0   0 0 0 0 0 0 0   0 0  
Other income       0       0           0 0  
Other operating income   0 0 0   0 0 0 0 0   0   0 17,435  
Operating income (loss)   (136) (93) (913)   (104) (366) (207) (1,006) (573) (1,142) (677)   (40) (22,178)  
Interest income   0 0 0   0 0 0 0 0 0 0   0 0  
Interest expense, net   523 508 505   463 471 470 1,013 941 1,536 1,404   1,893 977  
Other gain (loss), net   0 0 0   0 0 0 0 0 0 0   0 0  
Earnings (loss) from continuing operations before income taxes   (659) (601) (1,418)   (567) (837) (677) (2,019) (1,514) (2,678) (2,081)   (1,933) (23,155)  
Income taxes expense   (167) (184) (279)   (143) 326 (559) (463) (233) (630) (376)   (1,359) (6,220)  
Net loss from continuing operations   (492) (417) (1,139)   (424) (1,163) (118) (1,556) (1,281) (2,048) (1,705)   (574) (16,935)  
Loss from discontinued operations, net of tax (benefit) expense of ($68), $247, and ($378)   0 0 0   0 0 0 0 0 0 0   0 0  
Net loss   (492) (417) (1,139)   (424) (1,163) (118) (1,556) (1,281) (2,048) (1,705)   (574) (16,935)  
Less: loss attributable to non-controlling interests   0 0 0   0 0 0 0 0 0 0   0 0  
Net loss attributable to Checkpoint Systems, Inc.   $ (492) $ (417) $ (1,139)   $ (424) $ (1,163) $ (118) $ (1,556) $ (1,281) $ (2,048) $ (1,705)   $ (574) $ (16,935)  
Loss from continuing operations   $ (0.01) $ (0.01) $ (0.03)   $ (0.01) $ (0.03) $ 0.00 $ (0.04) $ (0.03) $ (0.05) $ (0.04)   $ (0.01) $ (0.42)  
Loss from discontinued operations, net of tax   $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00  
Basic (US$ per share)   $ (0.01) $ (0.01) $ (0.03)   $ (0.01) $ (0.03) $ 0.00 $ (0.04) $ (0.03) $ (0.05) $ (0.04)   $ (0.01) $ (0.42)  
Loss from continuing operations   $ (0.01) $ (0.01) $ (0.03)   $ (0.01) $ (0.03) $ 0.00 $ (0.04) $ (0.03) $ (0.05) $ (0.04)   $ (0.01) $ (0.42)  
Loss from discontinued operations, net of tax   $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00   $ 0.00 $ 0.00  
Diluted (US$ per share)   $ (0.01) $ (0.01) $ (0.03)   $ (0.01) $ (0.03) $ 0.00 $ (0.04) $ (0.03) $ (0.05) $ (0.04)   $ (0.01) $ (0.42)