Note 14 - Supplemental Condensed Consolidating Guarantor Financial Statements (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Guarantor Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

	GUARANTOR SUBSIDIARIES		NON-GUARANTOR SUBSIDIARIES		INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
Net sales	$	165,446	$	116,756	$	0		$	(38,719	)	$	243,483
Cost of sales		118,083		77,886		0			(38,719	)		157,250
Gross profit on sales		47,363		38,870		0			0			86,233
Selling, general and administrative expenses		27,752		29,142		7,536			0			64,430
Operating income (loss)		19,611		9,728		(7,536	)		0			21,803
Interest/Other expense		7,883		1,985		(3,963	)		0			5,905
Income before taxes on income and equity in income of subsidiaries		11,728		7,743		(3,573	)		0			15,898
Income tax expense		3,639		2,403		(1,109	)		0			4,933
Equity in income (loss) of subsidiaries		0		0		13,429			(13,429	)		0
Net income (loss)	$	8,089	$	5,340	$	10,965		$	(13,429	)	$	10,965

	GUARANTOR SUBSIDIARIES		NON- GUARANTOR SUBSIDIARIES		INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
Net sales	$	296,154	$	228,629	$	0		$	(70,931	)	$	453,852
Cost of sales		213,792		153,506		0			(70,931	)		296,367
Gross profit on sales		82,362		75,123		0			0			157,485
Selling, general and administrative expenses		50,449		55,234		16,005			0			121,688
Operating income (loss)		31,913		19,889		(16,005	)		0			35,797
Interest/Other expense		13,854		4,930		(6,314	)		0			12,470
Income (loss) before taxes on income and equity in income of subsidiaries		18,059		14,959		(9,691	)		0			23,327
Income tax expense		4,007		2,822		(1,464	)		0			5,365
Equity in income (loss) of subsidiaries		0		0		26,189			(26,189	)		0
Net income (loss)	$	14,052	$	12,137	$	17,962		$	(26,189	)	$	17,962

Comprehensive Income (Loss) [Table Text Block]

	GUARANTOR SUBSIDIARIES			NON- GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)		CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTAL
	(In thousands)
Net Income (loss)	$	8,089		$	5,340		$	10,965	$	(13,429	)	$	10,965
Currency Translation Adjustment		(208	)		(6,610	)		52		0			(6,766	)
Pension Liability Adjustment		0			(391	)		73		0			(318	)
Comprehensive Income (Loss)	$	7,881		$	(1,661	)	$	11,090	$	(13,429	)	$	3,881

	GUARANTOR SUBSIDIARIES			NON- GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)		CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTAL
	(In thousands)
Net Income (loss)	$	14,052		$	12,137		$	17,962	$	(26,189	)	$	17,962
Currency Translation Adjustment		(215	)		(12,924	)		214		0			(12,925	)
Pension Liability Adjustment		0			1,421			146		0			1,567
Comprehensive Income (Loss)	$	13,837		$	634		$	18,322	$	(26,189	)	$	6,604

Condensed Balance Sheet [Table Text Block]

	GUARANTOR SUBSIDIARIES			NON-GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	1,905		$	30,966		$	28,499		$	0		$	61,370
Accounts receivable		57,719			72,891			674			0			131,284
Inventories		72,391			85,339			0			0			157,730
Prepaids and deferred income taxes		5,679			32,824			14,607			0			53,110
Total current assets		137,694			222,020			43,780			0			403,494
Property and equipment less accumulated depreciation		82,218			99,161			3,068			0			184,447
Investment in subsidiaries		566,538			182,666			(107,973	)		(641,231	)		0
Goodwill		6,542			67,964			0			0			74,506
Other assets		1,916			9,115			104,690			0			115,721
	$	794,908		$	580,926		$	43,565		$	(641,231	)	$	778,168
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	50,697		$	71,578		$	26,367		$	0		$	148,642
Senior notes		0			0			275,000			0			275,000
Deferred income taxes		0			10,406			(3,449	)		0			6,957
Other		13			419			44,967			0			45,399
Total liabilities		50,710			82,403			342,885			0			475,998
Common stock		94,145			102,199			6,618			(196,344	)		6,618
Additional paid-in capital		249,302			12,525			369,838			(261,827	)		369,838
Retained earnings (deficit)		402,909			443,478			(665,420	)		(183,060	)		(2,093	)
Foreign currency translation adjustment		(2,158	)		(29,615	)		(6,496	)		0			(38,269	)
Pension liability		0			(30,064	)		(3,860	)		0			(33,924	)
	$	794,908		$	580,926		$	43,565		$	(641,231	)	$	778,168

Condensed Cash Flow Statement [Table Text Block]

	GUARANTOR SUBSIDIARIES			NON-GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
Net cash provided by (used in) operating activities	$	3,911		$	(14,112	)	$	1,910		$	(745	)	$	(9,036	)
Cash flows from investing activities:
Purchase of plant and equipment		(13,188	)		(20,569	)		(65	)		0			(33,822	)
Other		(435	)		(456	)		(682	)		0			(1,573	)
Cash received from insurance company		0			19,774			0			0			19,774
Net cash used for investing activities		(13,623	)		(1,251	)		(747	)		0			(15,621	)
Cash flows from financing activities:
Other		7,685			12,457			(20,887	)		745			0
Proceeds from issuance of common stock		0			0			1,256			0			1,256
Dividends paid		0			0			(3,309	)		0			(3,309	)
Net cash provided by (used for) financing activities		7,685			12,457			(22,940	)		745			(2,053	)
Effect of exchange rate change on cash		0			(2,453	)		0			0			(2,453	)
Net increase (decrease) in cash		(2,027	)		(5,359	)		(21,777	)		0			(29,163	)
Cash at beginning of period		3,932			36,325			50,276			0			90,533
Cash at end of period	$	1,905		$	30,966		$	28,499		$	0		$	61,370