Note 16 - Supplemental Condensed Consolidating Guarantor Financial Statements (Tables)

9 Months Ended

Sep. 29, 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	$	174,237	$	122,538	$	0		$	(42,327	)	$	254,448
Cost of sales		125,400		79,622		0			(42,327	)		162,695
Gross profit on sales		48,837		42,916		0			0			91,753
Selling, general and administrative expenses		26,646		29,227		8,045			0			63,918
Operating income (loss)		22,191		13,689		(8,045	)		0			27,835
Interest/other expense		7,456		2,655		(3,694	)		0			6,417
Income before taxes on income and equity in income of subsidiaries		14,735		11,034		(4,351	)		0			21,418
Income tax expense		4,445		3,329		(1,313	)		0			6,461
Equity in income (loss) of subsidiaries		0		0		17,995			(17,995	)		0
Income (loss) from continuing operations		10,290		7,705		14,957			(17,995	)		14,957
Income (loss) from discontinued operations (net of tax)		0		0		0			0			0
Net income (loss)	$	10,290	$	7,705	$	14,957		$	(17,995	)	$	14,957

	GUARANTOR SUBSIDIARIES		NON- GUARANTOR SUBSIDIARIES		INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
Net sales	$	470,391	$	351,167	$	0		$	(113,258	)	$	708,300
Cost of sales		339,192		233,128		0			(113,258	)		459,062
Gross profit on sales		131,199		118,039		0			0			249,238
Selling, general and administrative expenses		77,095		84,461		24,050			0			185,606
Operating income (loss)		54,104		33,578		(24,050	)		0			63,632
Interest/other expense		21,310		7,585		(10,008	)		0			18,887
Income (loss) before taxes on income and equity in income of subsidiaries		32,794		25,993		(14,042	)		0			44,745
Income tax expense		8,452		6,151		(2,777	)		0			11,826
Equity in income (loss) of subsidiaries		0		0		44,184			(44,184	)		0
Income (loss) from continuing operations		24,342		19,842		32,919			(44,184	)		32,919
Net income (loss)	$	24,342	$	19,842	$	32,919		$	(44,184	)	$	32,919

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)	$	10,290		$	7,705		$	14,957	$	(17,995	)	$	14,957
Currency Translation Adjustment		(98	)		7,360			241		0			7,503
Pension Liability Adjustment		0			(1,478	)		74		0			(1,404	)
Comprehensive Income (Loss)	$	10,192		$	13,587		$	15,272	$	(17,995	)	$	21,056

	GUARANTOR SUBSIDIARIES			NON- GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)		CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTAL
	(In thousands)
Net Income (loss)	$	24,342		$	19,842		$	32,919	$	(44,184	)	$	32,919
Currency Translation Adjustment		(313	)		(5,564	)		455		0			(5,422	)
Pension Liability Adjustment		0			(57	)		220		0			163
Comprehensive Income (Loss)	$	24,029		$	14,221		$	33,594	$	(44,184	)	$	27,660

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	$	2,556		$	43,783		$	43,043		$	0		$	89,382
Accounts receivable		55,596			84,880			625			0			141,101
Inventories		79,210			83,635			0			0			162,845
Prepaids and deferred income taxes		5,323			19,681			14,393			0			39,397
Total current assets		142,685			231,979			58,061			0			432,725
Property and equipment less accumulated depreciation		81,129			110,413			2,946			0			194,488
Investment in subsidiaries		576,326			185,033			(102,133	)		(659,226	)		0
Goodwill		6,542			70,605			0			0			77,147
Other assets		1,588			9,323			103,118			0			114,029
	$	808,270		$	607,353		$	61,992		$	(659,226	)	$	818,389
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	53,865		$	84,537		$	29,110		$	0		$	167,512
Senior notes		0			0			275,000			0			275,000
Deferred income taxes		0			11,171			(3,423	)		0			7,748
Other		15			(465	)		45,410			0			44,960
Total liabilities		53,880			95,243			346,097			0			495,220
Common stock		94,145			102,199			6,627			(196,344	)		6,627
Additional paid-in capital		249,302			12,525			371,757			(261,827	)		371,757
Retained earnings (deficit)		413,199			451,183			(652,448	)		(201,055	)		10,879
Foreign currency translation adjustment		(2,256	)		(22,255	)		(6,255	)		0			(30,766	)
Pension liability		0			(31,542	)		(3,786	)		0			(35,328	)
	$	808,270		$	607,353		$	61,992		$	(659,226	)	$	818,389

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 operating activities	$	15,364		$	6,871		$	6,408		$	(1,404	)	$	27,239
Cash flows from investing activities:
Purchase of plant and equipment		(15,427	)		(32,429	)		(83	)		0			(47,939	)
Other		(297	)		3,470			(1,298	)		0			1,875
Cash received from insurance company		0			23,024			0			0			23,024
Net cash used for investing activities		(15,724	)		(5,935	)		(1,381	)		0			(23,040	)
Cash flows from financing activities:
Other		(1,016	)		7,741			(8,129	)		1,404			0
Proceeds from issuance of common stock		0			0			1,163			0			1,163
Dividends paid		0			0			(5,294	)		0			(5,294	)
Net cash provided by (used for) financing activities		(1,016	)		7,741			(12,260	)		1,404			(4,131	)
Effect of exchange rate change on cash		0			(1,219	)		0			0			(1,219	)
Net increase (decrease) in cash		(1,376	)		7,458			(7,233	)		0			(1,151	)
Cash at beginning of period		3,932			36,325			50,276			0			90,533
Cash at end of period	$	2,556		$	43,783		$	43,043		$	0		$	89,382