Subsidiary Guarantors (Tables)

3 Months Ended

12 Months Ended

Apr. 04, 2015

Mar. 29, 2014

Jan. 03, 2015

Condensed Financial Statements, Captions [Line Items]

Condensed consolidating balance sheet

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

April 4, 2015

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	4,059		$	—	$	—		$	—		$	—		$	4,059
Accounts receivable, net	94,018			—		5,960			25,438			—			125,416
Intercompany receivables	361,191			—		56,211			1,794			(419,196		)	—
Inventories	104,466			—		15,568			41,448			—			161,482
Income taxes receivable	—			—		121			—			—			121
Deferred income taxes	487			—		1,952			—			—			2,439
Prepaid expenses and other current assets	13,155			—		964			1,460			—			15,579
Total current assets	577,376			—		80,776			70,140			(419,196		)	309,096
Property, plant and equipment, net	65,380			—		1,424			27,890			—			94,694
Goodwill	203,841			—		16,713			91,244			—			311,798
Other intangible assets, net	300,124			—		32,971			92,337			—			425,432
Intercompany receivable	—			833,684		—			—			(833,684		)	—
Other assets	15,605			—		31			1,286			—			16,922
Total assets	$	1,162,326		$	833,684	$	131,915		$	282,897		$	(1,252,880	)	$	1,157,942
Liabilities and Member's Deficit
Current liabilities:
Accounts payable	$	70,058		$	—	$	6,965		$	26,903		$	—		$	103,926
Intercompany payables	1,794			—		—			417,402			(419,196		)	—
Accrued liabilities	81,938			—		4,216			5,657			—			91,811
Deferred income taxes	727			—		—			1,219			—			1,946
Income taxes payable	1			—		—			1,494			—			1,495
Total current liabilities	154,518			—		11,181			452,675			(419,196		)	199,178
Deferred income taxes	51,013			—		13,295			22,683			—			86,991
Other liabilities	82,912			—		22,126			20,693			—			125,731
Deficit in subsidiaries	141,883			—		227,196			—			(369,079		)	—
Long-term debt	919,884			833,684		—			14,042			(833,684		)	933,926
Member’s deficit	(187,884		)	—		(141,883		)	(227,196		)	369,079			(187,884		)
Total liabilities and member’s deficit	$	1,162,326		$	833,684	$	131,915		$	282,897		$	(1,252,880	)	$	1,157,942

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

January 3, 2015

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	5,933		$	—	$	—		$	30		$	—		$	5,963
Accounts receivable, net	98,945			—		6,411			19,765			—			125,121
Intercompany receivables	356,421			—		61,740			1,794			(419,955		)	—
Inventories	100,487			—		10,969			34,076			—			145,532
Income taxes receivable	—			—		144			—			—			144
Deferred income taxes	487			—		1,952			—			—			2,439
Prepaid expenses and other current assets	13,422			—		996			1,441			—			15,859
Total current assets	575,695			—		82,212			57,106			(419,955		)	295,058
Property, plant and equipment, net	62,977			—		1,474			29,449			—			93,900
Goodwill	203,841			—		16,713			96,703			—			317,257
Other intangible assets, net	305,127			—		33,084			99,089			—			437,300
Intercompany receivable	—			834,004		—			—			(834,004		)	—
Other assets	17,246			—		45			1,371			—			18,662
Total assets	$	1,164,886		$	834,004	$	133,528		$	283,718		$	(1,253,959	)	$	1,162,177
Liabilities and Member's Deficit
Current liabilities:
Accounts payable	$	67,160		$	—	$	6,679		$	20,929		$	—		$	94,768
Intercompany payables	1,794			—		—			418,161			(419,955		)	—
Accrued liabilities	70,439			—		4,683			6,612			—			81,734
Deferred income taxes	—			—		—			1,292			—			1,292
Income taxes payable	46			—		—			1,736			—			1,782
Total current liabilities	139,439			—		11,362			448,730			(419,955		)	179,576
Deferred income taxes	51,012			—		13,295			24,023			—			88,330
Other liabilities	84,048			—		22,395			22,573			—			129,016
Deficit in subsidiaries	128,532			—		215,008			—			(343,540		)	—
Long-term debt	900,004			834,004		—			3,400			(834,004		)	903,404
Member’s deficit	(138,149		)	—		(128,532		)	(215,008		)	343,540			(138,149		)
Total liabilities and member’s deficit	$	1,164,886		$	834,004	$	133,528		$	283,718		$	(1,253,959	)	$	1,162,177

Condensed consolidating statements of comprehensive loss

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

For The Quarter Ended April 4, 2015

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Net sales	$	179,638		$	—	$	30,162		$	47,248		$	(36,682	)	$	220,366
Cost of sales	148,967			—		28,806			37,372			(36,682		)	178,463
Gross profit	30,671			—		1,356			9,876			—			41,903
Selling, general and administrative expenses	47,657			—		844			9,969			—			58,470
(Loss) income from operations	(16,986		)	—		512			(93		)	—			(16,567		)
Interest expense, net	18,788			—		1,661			257			—			20,706
Foreign currency loss	—			—		—			516			—			516
Loss before income taxes	(35,774		)	—		(1,149		)	(866		)	—			(37,789		)
Income tax expense (benefit)	726			—		24			(217		)	—			533
Loss before equity loss from subsidiaries	(36,500		)	—		(1,173		)	(649		)	—			(38,322		)
Equity loss from subsidiaries	(1,822		)	—		(649		)	—			2,471			—
Net loss	(38,322		)	—		(1,822		)	(649		)	2,471			(38,322		)
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	148			—		58			48			(106		)	148
Foreign currency translation adjustments, net of tax	(11,586		)	—		(11,586		)	(11,586		)	23,172			(11,586		)
Total comprehensive loss	$	(49,760	)	$	—	$	(13,350	)	$	(12,187	)	$	25,537		$	(49,760	)

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

For The Quarter Ended March 29, 2014

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Net sales	$	156,939		$	—	$	30,662		$	44,694		$	(35,706	)	$	196,589
Cost of sales	134,318			—		28,950			34,612			(35,706		)	162,174
Gross profit	22,621			—		1,712			10,082			—			34,415
Selling, general and administrative expenses	47,799			—		942			9,924			—			58,665
(Loss) income from operations	(25,178		)	—		770			158			—			(24,250		)
Interest expense, net	19,972			—		1			347			—			20,320
Foreign currency loss	—			—		—			338			—			338
(Loss) income before income taxes	(45,150		)	—		769			(527		)	—			(44,908		)
Income tax expense (benefit)	1,634			—		(27		)	(166		)	—			1,441
(Loss) income before equity income (loss) from subsidiaries	(46,784		)	—		796			(361		)	—			(46,349		)
Equity income (loss) from subsidiaries	435			—		(361		)	—			(74		)	—
Net (loss) income	(46,349		)	—		435			(361		)	(74		)	(46,349		)
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	3			—		12			14			(26		)	3
Foreign currency translation adjustments, net of tax	(9,054		)	—		(9,054		)	(9,054		)	18,108			(9,054		)
Total comprehensive loss	$	(55,400	)	$	—	$	(8,607	)	$	(9,401	)	$	18,008		$	(55,400	)

Condensed consolidating statements of cash flows

SSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For The Quarter Ended April 4, 2015

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(20,313	)	$	—	$	1,707		$	(8,065	)	$	—		$	(26,671	)
Investing Activities
Capital expenditures	(5,408		)	—		(65		)	(596		)	—			(6,069		)
Proceeds from the sale of assets	5			—		—			1			—			6
Payments on loans to affiliates	—			—		(1,642		)	—			1,642			—
Receipts on loans to affiliates	2,000			—		—			—			(2,000		)	—
Net cash used in investing activities	(3,403		)	—		(1,707		)	(595		)	(358		)	(6,063		)
Financing Activities
Borrowings under ABL facilities	31,400			—		—			13,170			—			44,570
Payments under ABL facilities	(11,200		)	—		—			(2,549		)	—			(13,749		)
Borrowings from affiliates	1,642			—		—			—			(1,642		)	—
Repayments to affiliates	—			—		—			(2,000		)	2,000			—
Net cash provided by financing activities	21,842			—		—			8,621			358			30,821
Effect of exchange rate changes on cash and cash equivalents	—			—		—			9			—			9
Net decrease in cash and cash equivalents	(1,874		)	—		—			(30		)	—			(1,904		)
Cash and cash equivalents at beginning of period	5,933			—		—			30			—			5,963
Cash and cash equivalents at end of period	$	4,059		$	—	$	—		$	—		$	—		$	4,059

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For The Quarter Ended March 29, 2014

(Unaudited, in thousands)



	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(31,401	)	$	—	$	2,566		$	(18,360	)	$	—		$	(47,195	)
Investing Activities
Capital expenditures	(3,312		)	—		(14		)	(293		)	—			(3,619		)
Payments on loans to affiliates	—			—		(2,542		)	—			2,542			—
Net cash used in investing activities	(3,312		)	—		(2,556		)	(293		)	2,542			(3,619		)
Financing Activities
Borrowings under ABL facilities	28,700			—		—			8,808			—			37,508
Payments under ABL facilities	—			—		—			(2,904		)	—			(2,904		)
Borrowings from affiliates	2,542			—		—			—			(2,542		)	—
Net cash provided by financing activities	31,242			—		—			5,904			(2,542		)	34,604
Effect of exchange rate changes on cash and cash equivalents	—			—		—			(500		)	—			(500		)
Net (decrease) increase in cash and cash equivalents	(3,471		)	—		10			(13,249		)	—			(16,710		)
Cash and cash equivalents at beginning of period	7,566			—		—			13,249			—			20,815
Cash and cash equivalents at end of period	$	4,095		$	—	$	10		$	—		$	—		$	4,105

The condensed consolidating statement of cash flows for the quarter ended March 29, 2014 has been revised to present changes in receivable from or payable to an affiliate, which resulted from deposits in and withdrawals from the Company’s cash account by one of its subsidiaries under a centralized cash management arrangement and from loan payments and receipts between the Company’s subsidiaries within investing and financing activities. Changes in receivable from or payable to an affiliate related to trade transactions are presented within operating activities. For the quarter ended March 29, 2014, the Company previously reported all changes in receivable from and payable to an affiliate as cash flows in operating activities. The effect is summarized as follows (in thousands):



	Quarter Ended March 29,2014
	Company (As Previously Reported)			Company (As Corrected)			Subsidiary Guarantors (As Previously Reported)			Subsidiary Guarantors (As Corrected)			Eliminations (As Previously Reported)		Eliminations (As Corrected)
Net cash (used in) provided by operating activities	$	(28,859	)	$	(31,401	)	$	24		$	2,566		$	—	$	—
INVESTING ACTIVITIES
Payments on loans to affiliates	—			—			—			(2,542		)	—		2,542
Net cash used in investing activities	(3,312		)	(3,312		)	(14		)	(2,556		)	—		2,542
FINANCING ACTIVITIES
Borrowings from affiliates	—			2,542			—			—			—		(2,542		)
Net cash provided by financing activities	28,700			31,242			—			—			—		(2,542		)