Note 13 - Supplemental Condensed Consolidating Guarantor Financial Statements (Tables)

6 Months Ended

Jun. 29, 2014

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	$	170,896	$	131,622	$	0		$	(41,894	)	$	260,624
Cost of sales		123,170		88,963		0			(41,894	)		170,239
Gross profit on sales		47,726		42,659		0			0			90,385
Selling, general and administrative expenses		29,845		30,215		5,982			0			66,042
Operating income (loss)		17,881		12,444		(5,982	)		0			24,343
Interest/Other expense		7,505		2,637		(4,850	)		0			5,292
Income (loss) before taxes on income and equity in income of subsidiaries		10,376		9,807		(1,132	)		0			19,051
Income tax expense (benefit)		3,257		3,078		(355	)		0			5,980
Equity in income (loss) of subsidiaries		0		0		13,848			(13,848	)		0
Net income (loss)	$	7,119	$	6,729	$	13,071		$	(13,848	)	$	13,071

	GUARANTOR SUBSIDIARIES		NON- GUARANTOR SUBSIDIARIES		INTERFACE, INC. (PARENT CORPORATION)			CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTALS
	(In thousands)
Net sales	$	306,845	$	247,585	$	0		$	(74,814	)	$	479,616
Cost of sales		221,420		167,939		0			(74,814	)		314,545
Gross profit on sales		85,425		79,646		0			0			165,071
Selling, general and administrative expenses		56,143		58,482		14,076			0			128,701
Operating income (loss)		29,282		21,164		(14,076	)		0			36,370
Interest/Other expense		13,328		5,463		(8,027	)		0			10,764
Income (loss) before taxes on income and equity in income of subsidiaries		15,954		15,701		(6,049	)		0			25,606
Income tax expense (benefit)		5,410		5,353		(2,253	)		0			8,510
Equity in income (loss) of subsidiaries		0		0		20,892			(20,892	)		0
Net income (loss)	$	10,544	$	10,348	$	17,096		$	(20,892	)	$	17,096

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)	$	7,119	$	6,729		$	13,071		$	(13,848	)	$	13,071
Currency Translation Adjustment		227		965			(114	)		0			1,078
Pension Liability Adjustment		0		(820	)		44			0			(776	)
Comprehensive Income (Loss)	$	7,346	$	6,874		$	13,001		$	(13,848	)	$	13,373

	GUARANTOR SUBSIDIARIES		NON- GUARANTOR SUBSIDIARIES			INTERFACE, INC. (PARENT CORPORATION)		CONSOLIDATION AND ELIMINATION ENTRIES			CONSOLIDATED TOTAL
	(In thousands)
Net Income (loss)	$	10,544	$	10,348		$	17,096	$	(20,892	)	$	17,096
Currency Translation Adjustment		299		3,874			9		0			4,182
Pension Liability Adjustment		0		(1,301	)		88		0			(1,213	)
Comprehensive Income (Loss)	$	10,843	$	12,921		$	17,193	$	(20,892	)	$	20,065

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	$	1,757		$	32,984		$	15,271		$	0		$	50,012
Accounts receivable		60,684			88,755			488			0			149,927
Inventories		84,292			88,160			0			0			172,452
Prepaids and deferred income taxes		5,818			22,124			6,305			0			34,247
Total current assets		152,551			232,023			22,064			0			406,638
Property and equipment less accumulated depreciation		87,658			151,694			2,780			0			242,132
Investment in subsidiaries		565,103			207,885			(75,108	)		(697,880	)		0
Goodwill		6,542			71,141			0			0			77,683
Other assets		1,870			10,783			84,377			0			97,030
	$	813,724		$	673,526		$	34,113		$	(697,880	)	$	823,483
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities	$	44,494		$	75,705		$	15,315		$	0		$	135,514
Senior notes		0			0			247,500			0			247,500
Long term debt		0			31,513			0			0			31,513
Deferred income taxes		0			18,840			(2,383	)		0			16,457
Other		26			8,566			25,942			0			34,534
Total liabilities		44,520			134,624			286,374			0			465,518
Common stock		94,145			102,199			6,648			(196,344	)		6,648
Additional paid-in capital		249,302			12,525			375,682			(261,827	)		375,682
Retained earnings (deficit)		427,920			475,116			(625,994	)		(239,709	)		37,333
Foreign currency translation adjustment		(2,163	)		(18,183	)		(6,057	)		0			(26,403	)
Pension liability		0			(32,755	)		(2,540	)		0			(35,295	)
	$	813,724		$	673,526		$	34,113		$	(697,880	)	$	823,483

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	$	(11,248	)	$	11,750		$	6,059		$	(5,757	)	$	804
Cash flows from investing activities:
Purchase of plant and equipment		(11,993	)		(15,236	)		(201	)		5,413			(22,017	)
Other		(212	)		(612	)		(834	)		0			(1,658	)
Net cash provided by (used in) investing activities		(12,205	)		(15,848	)		(1,035	)		5,413			(23,675	)
Cash flows from financing activities:
Borrowing of long term debt		0			3,663			0			0			3,663
Other		22,715			(19,462	)		(3,597	)		344			0
Proceeds from issuance of common stock		0			0			159			0			159
Dividends paid		0			0			(3,989	)		0			(3,989	)
Net cash provided by (used in) financing activities		22,715			(15,799	)		(7,427	)		344			(167	)
Effect of exchange rate change on cash		0			167			0			0			167
Net increase (decrease) in cash		(738	)		(19,730	)		(2,403	)		0			(22,871	)
Balance at Beginning of Period		2,495			52,714			17,674			0			72,883
Balance at End of Period	$	1,757		$	32,984		$	15,271		$	0		$	50,012