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Supplemental Guarantor Information Supplemental Guarantor Information (Tables)
12 Months Ended
Dec. 31, 2013
Statement of Financial Position [Abstract]  
Guarantor Statements [Table Text Block]
CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2013
 
 
 
 
 
 
 
 
 
Net sales
$
241,871

 
$
478,814

 
$
720,978

 
$
(89,304
)
 
$
1,352,359

Cost of products sold
211,896

 
346,464

 
506,308

 
(89,775
)
 
974,893

Gross Profit
29,975

 
132,350

 
214,670

 
471

 
377,466

Selling, general and administrative expenses
123,377

 
98,222

 
177,530

 
2,694

 
401,823

Charge related to restructuring activities
6,356

 
79

 
2,901

 

 
9,336

Asset write-downs to intangibles

 
1,250

 
273

 

 
1,523

Income (loss) from equity investee
133,350

 
29,644

 
286

 
(163,280
)
 

Interest (income) expense—net
(1,661
)
 
3,783

 
1,002

 

 
3,124

Earnings (Loss) from Continuing Operations Before Income Taxes
35,253

 
58,660

 
33,250

 
(165,503
)
 
(38,340
)
Income taxes
2,202

 

 
10,458

 

 
12,660

Net Earnings (Loss) from Continuing Operations
$
33,051

 
$
58,660

 
$
22,792

 
$
(165,503
)
 
$
(51,000
)
Net Earnings from Discontinued Operations

 
84,051

 

 

 
84,051

Net Earnings (Loss)
$
33,051

 
$
142,711

 
$
22,792

 
$
(165,503
)
 
$
33,051

 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), net of Tax
12,413

 
(2,309
)
 
17,797

 
(15,488
)
 
12,413

 
 
 
 
 
 
 
 
 
 
Comprehensive Income (Loss)
$
45,464

 
$
140,402

 
$
40,589

 
$
(180,991
)
 
$
45,464

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2012
 
 
 
 
 
 
 
 
 
Net sales
$
357,184

 
$
469,192

 
$
724,641

 
$
(118,324
)
 
$
1,432,693

Cost of products sold
274,439

 
338,347

 
500,855

 
(117,423
)
 
996,218

Gross Profit
82,745

 
130,845

 
223,786

 
(901
)
 
436,475

Selling, general and administrative expenses
134,170

 
86,292

 
186,244

 
4,526

 
411,232

Charge related to restructuring activities
4,859

 
406

 
5,639

 

 
10,904

Loss on debt extinguishment including debt finance charges and associated fees
312

 

 

 

 
312

Asset write-downs to intangibles

 

 
773

 

 
773

Income (loss) from equity investee
62,637

 
2,278

 
499

 
(65,414
)
 

Interest expense—net
2,725

 
1,745

 
3,084

 

 
7,554

Earnings (Loss) from Continuing Operations Before Income Taxes
3,316

 
44,680

 
28,545

 
(70,841
)
 
5,700

Income taxes (benefit)
1,489

 
(1,356
)
 
16,642

 

 
16,775

Net Earnings (Loss) from Continuing Operations
$
1,827

 
$
46,036

 
$
11,903

 
$
(70,841
)
 
$
(11,075
)
Net Earnings from Discontinued Operations

 
12,902

 

 

 
12,902

Net Earnings (Loss)
$
1,827

 
$
58,938

 
$
11,903

 
$
(70,841
)
 
$
1,827

 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), net of Tax
(12,133
)
 
2,245

 
(14,288
)
 
12,043

 
(12,133
)
 
 
 
 
 
 
 
 
 
 
Comprehensive Income (Loss)
$
(10,306
)
 
$
61,183

 
$
(2,385
)
 
$
(58,798
)
 
$
(10,306
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS
 
 
 
 
 
 
 
 
 
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2011
 
 
 
 
 
 
 
 
 
Net sales
$
379,570

 
$
457,404

 
$
746,359

 
$
(100,904
)
 
$
1,482,429

Cost of products sold
276,164

 
330,094

 
503,050

 
(100,664
)
 
1,008,644

Gross Profit
103,406

 
127,310

 
243,309

 
(240
)
 
473,785

Selling, general and administrative expenses
131,145

 
25,220

 
182,510

 
54,560

 
393,435

Charge related to restructuring activities
3,854

 
426

 
5,977

 

 
10,257

Loss on debt extinguishment including debt finance charges and associated fees
24,200








24,200

Asset write-downs to intangibles and goodwill
5,531


3,592


40,357




49,480

Income (loss) from equity investee
58,155

 
3,364

 
1,523

 
(63,042
)
 

Interest expense—net
38

 
5,430

 
3,425

 

 
8,893

Earnings (Loss) from Continuing Operations Before Income Taxes
(3,207
)
 
96,006

 
12,563

 
(117,842
)
 
(12,480
)
Income taxes (benefit)
906

 
(344
)
 
8,718

 

 
9,280

Net Earnings (Loss) from Continuing Operations
$
(4,113
)
 
$
96,350

 
$
3,845

 
$
(117,842
)
 
$
(21,760
)
Net Earnings from Discontinued Operations

 
17,647

 

 

 
17,647

Net Earnings (Loss)
$
(4,113
)
 
$
113,997

 
$
3,845

 
$
(117,842
)
 
$
(4,113
)
 
 
 
 
 
 
 
 
 
 
Other Comprehensive Income (Loss), net of Tax
12,245

 
(2,026
)
 
14,828

 
(12,802
)
 
12,245

 
 
 
 
 
 
 
 
 
 
Comprehensive Income (Loss)
$
8,132

 
$
111,971

 
$
18,673

 
$
(130,644
)
 
$
8,132


 

CONSOLIDATING CONDENSED BALANCE SHEETS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
December 31, 2013
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1,401

 
$
313

 
$
28,071

 
$

 
$
29,785

Trade receivables, net
72,272

 
28,317

 
88,033

 

 
188,622

Installment receivables, net

 
452

 
1,110

 

 
1,562

Inventories, net
30,806

 
27,472

 
100,444

 
(3,085
)
 
155,637

Deferred income taxes

 

 
2,761

 

 
2,761

Intercompany advances, net
4,179

 
380

 
44,292

 
(48,851
)


Other current assets
9,970

 
568

 
35,461

 
(4,827
)
 
41,172

Total Current Assets
118,628

 
57,502

 
300,172

 
(56,763
)
 
419,539

Investment in subsidiaries
1,475,156

 
450,021

 

 
(1,925,177
)
 

Intercompany advances, net
959,071

 
1,620,683

 
179,451

 
(2,759,205
)
 

Other Assets
42,831

 
1,061

 
2,044

 

 
45,936

Other Intangibles
466

 
17,109

 
45,009

 

 
62,584

Property and Equipment, net
35,169

 
17,774

 
53,206

 

 
106,149

Goodwill

 
16,660

 
445,566

 

 
462,226

Total Assets
$
2,631,321

 
$
2,180,810

 
$
1,025,448

 
$
(4,741,145
)
 
$
1,096,434

Liabilities and Shareholders’ Equity
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
Accounts payable
$
42,521

 
$
7,237

 
$
66,946

 
$

 
$
116,704

Accrued expenses
30,314

 
17,228

 
90,385

 
(4,827
)
 
133,100

Accrued income taxes
5,375

 

 
6,884

 

 
12,259

Intercompany advances, net
42,314

 
2,124

 
4,413

 
(48,851
)
 

Short-term debt and current maturities of long-term obligations
13,118

 
8

 
976

 

 
14,102

Total Current Liabilities
133,642

 
26,597

 
169,604

 
(53,678
)
 
276,165

Long-Term Debt
25,642

 
61

 
5,481

 

 
31,184

Other Long-Term Obligations
53,470

 

 
64,806

 

 
118,276

Intercompany advances, net
1,747,758

 
959,172

 
52,275

 
(2,759,205
)
 

Total Shareholders’ Equity
670,809

 
1,194,980

 
733,282

 
(1,928,262
)
 
670,809

Total Liabilities and Shareholders’ Equity
$
2,631,321

 
$
2,180,810

 
$
1,025,448

 
$
(4,741,145
)
 
$
1,096,434

 

 

CONSOLIDATING CONDENSED BALANCE SHEETS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
December 31, 2012
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
5,774

 
$
1,018

 
$
31,999

 
$

 
$
38,791

Trade receivables, net
71,622

 
37,223

 
89,946

 

 
198,791

Installment receivables, net

 
829

 
1,359

 

 
2,188

Inventories, net
40,278

 
31,455

 
114,169

 
(2,656
)
 
183,246

Intercompany advances, net
4,077

 
763

 
64,570

 
(69,410
)
 

Other current assets
12,727

 
473

 
34,606

 
(6,030
)
 
41,776

Assets held for sale - current

 
103,157

 

 

 
103,157

Total Current Assets
134,478

 
174,918

 
336,649

 
(78,096
)
 
567,949

Investment in subsidiaries
1,536,898

 
523,176

 
6,888

 
(2,066,962
)
 

Intercompany advances, net
863,973

 
1,468,405

 
173,903

 
(2,506,281
)
 

Other Assets
41,006

 
314

 
942

 

 
42,262

Other Intangibles
663

 
22,211

 
48,778

 

 
71,652

Property and Equipment, net
39,911

 
19,957

 
58,363

 

 
118,231

Goodwill

 
32,937

 
429,263

 

 
462,200

Total Assets
$
2,616,929

 
$
2,241,918

 
$
1,054,786

 
$
(4,651,339
)
 
$
1,262,294

Liabilities and Shareholders’ Equity
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
Accounts payable
$
63,812

 
$
9,465

 
$
59,771

 
$

 
$
133,048

Accrued expenses
36,716

 
18,155

 
86,348

 
(6,030
)
 
135,189

Accrued income taxes
1,545

 

 
1,168

 

 
2,713

Intercompany advances, net
61,368

 
2,369

 
5,673

 
(69,410
)
 

Short-term debt and current maturities of long-term obligations
4,552

 
7

 
868

 

 
5,427

Liabilities held for sale - current

 
23,358

 

 

 
23,358

Total Current Liabilities
167,993

 
53,354

 
153,828

 
(75,440
)
 
299,735

Long-Term Debt
223,014

 
143

 
6,218

 

 
229,375

Other Long-Term Obligations
52,957

 

 
59,238

 

 
112,195

Intercompany advances, net
1,551,976

 
863,585

 
90,720

 
(2,506,281
)
 

Total Shareholders’ Equity
620,989

 
1,324,836

 
744,782

 
(2,069,618
)
 
620,989

Total Liabilities and Shareholders’ Equity
$
2,616,929

 
$
2,241,918

 
$
1,054,786

 
$
(4,651,339
)
 
$
1,262,294


 

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2013
 
 
 
 
 
 
 
 
 
Net Cash Provided (Used) by Operating Activities
$
11,566

 
$
(68,792
)
 
$
1,891

 
$
65,389

 
$
10,054

Investing Activities
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
(3,601
)
 
(4,020
)
 
(6,537
)
 

 
(14,158
)
Proceeds from sale of property and equipment
4

 
13

 
868

 

 
885

Proceeds from sale of businesses

 
187,552

 

 

 
187,552

Other long-term assets
833

 

 
168

 

 
1,001

Other
181,195

 
(113,067
)
 
20

 
(68,083
)
 
65

Net Cash Provided (Used) for Investing Activities
178,431

 
70,478

 
(5,481
)
 
(68,083
)
 
175,345

Financing Activities
 
 
 
 
 
 
 
 
 
Proceeds from revolving lines of credit and long-term borrowings
323,187

 

 
29,268

 

 
352,455

Payments on revolving lines of credit and long-term borrowings
(516,488
)
 
(2,391
)
 
(26,995
)
 

 
(545,874
)
Proceeds from exercise of stock options
512

 

 

 

 
512

Payment of dividends
(1,581
)
 

 
(2,694
)
 
2,694

 
(1,581
)
Net Cash Provided (Used) by Financing Activities
(194,370
)
 
(2,391
)
 
(421
)
 
2,694

 
(194,488
)
Effect of exchange rate changes on cash

 

 
83

 

 
83

Decrease in cash and cash equivalents
(4,373
)
 
(705
)
 
(3,928
)
 

 
(9,006
)
Cash and cash equivalents at beginning of year
5,774

 
1,018

 
31,999

 

 
38,791

Cash and cash equivalents at end of year
$
1,401

 
$
313

 
$
28,071

 
$

 
$
29,785

 

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2012
 
 
 
 
 
 
 
 
 
Net Cash Provided (Used) by Operating Activities
$
(46,194
)
 
$
26,243

 
$
14,326

 
$
67,916

 
$
62,291

Investing Activities
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
(2,266
)
 
(9,643
)
 
(8,182
)
 

 
(20,091
)
Proceeds from sale of property and equipment
12

 
23

 
124

 

 
159

Business acquisitions, net of cash acquired

 
(9,000
)
 

 

 
(9,000
)
Other long-term assets
(381
)
 

 
116

 

 
(265
)
Other
82,999

 
(10,849
)
 
46

 
(72,441
)
 
(245
)
Net Cash Used for Investing Activities
80,364

 
(29,469
)
 
(7,896
)
 
(72,441
)
 
(29,442
)
Financing Activities
 
 
 
 
 
 
 
 
 
Proceeds from revolving lines of credit and long-term borrowings
337,044

 
2,140

 
130

 

 
339,314

Payments on revolving lines of credit and long-term borrowings
(367,500
)
 

 

 

 
(367,500
)
Payment of financing costs
(1
)
 

 

 

 
(1
)
Payment of dividends
(1,581
)
 

 
(4,525
)
 
4,525

 
(1,581
)
Net Cash Provided (Used) by Financing Activities
(32,038
)
 
2,140

 
(4,395
)
 
4,525

 
(29,768
)
Effect of exchange rate changes on cash

 

 
786

 

 
786

Decrease in cash and cash equivalents
2,132


(1,086
)

2,821



 
3,867

Cash and cash equivalents at beginning of year
3,642

 
2,104

 
29,178

 

 
34,924

Cash and cash equivalents at end of year
$
5,774

 
$
1,018

 
$
31,999

 
$

 
$
38,791

 

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS
 
 
The
Company
(Parent)
 
Combined
Guarantor
Subsidiaries
 
Combined
Non-Guarantor
Subsidiaries
 
Eliminations
 
Total
 
(in thousands)
Year ended December 31, 2011
 
 
 
 
 
 
 
 
 
Net Cash Provided (Used) by Operating Activities
$
38,724

 
$
49,396

 
$
65,516

 
$
(54,558
)
 
$
99,078

Investing Activities
 
 
 
 
 
 
 
 
 
Purchases of property and equipment
(6,887
)
 
(5,316
)
 
(9,957
)
 

 
(22,160
)
Proceeds from sale of property and equipment

 
16

 
48

 

 
64

Business acquisitions, net of cash acquired

 
(42,430
)
 

 

 
(42,430
)
Other long-term assets
(731
)
 

 
7

 

 
(724
)
Other
(219
)
 
73

 
133

 

 
(13
)
Net Cash Used for Investing Activities
(7,837
)
 
(47,657
)
 
(9,769
)
 

 
(65,263
)
Financing Activities
 
 
 
 
 
 
 
 
 
Proceeds from revolving lines of credit and long-term borrowings
450,595

 

 

 

 
450,595

Payments on revolving lines of credit and long-term borrowings
(438,766
)
 
(2,111
)
 
(13,690
)
 

 
(454,567
)
Proceeds from exercise of stock options
4,139

 

 

 

 
4,139

Payment of financing costs
(24,113
)
 

 

 

 
(24,113
)
Payment of dividends
(1,588
)
 

 
(54,558
)
 
54,558

 
(1,588
)
Purchase of treasury stock
(21,548
)
 

 

 

 
(21,548
)
Net Cash Provided (Used) by Financing Activities
(31,281
)
 
(2,111
)
 
(68,248
)
 
54,558

 
(47,082
)
Effect of exchange rate changes on cash

 

 
(271
)
 

 
(271
)
Increase (Decrease) in cash and cash equivalents
(394
)

(372
)

(12,772
)


 
(13,538
)
Cash and cash equivalents at beginning of year
4,036

 
2,476

 
41,950

 

 
48,462

Cash and cash equivalents at end of year
$
3,642

 
$
2,104

 
$
29,178

 
$

 
$
34,924