Condensed Consolidated Guarantor Financial Statements (Tables)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Income Statement [Table Text Block]

The following tables contain Condensed Consolidating Financial Statements of (a) the parent, Libbey Inc., (b) the issuer, Libbey Glass, (c) the Subsidiary Guarantors, (d) the indirect subsidiaries of Libbey Inc. that are not Subsidiary Guarantors (collectively, Non-Guarantor Subsidiaries), (e) the consolidating elimination entries, and (f) the consolidated totals.

Libbey Inc.

Condensed Consolidating Statements of Comprehensive Income

(unaudited)

	Three months ended September 30, 2012
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	104,840		$	20,210	$	104,166	$	(20,066	)	$	209,150
Freight billed to customers	—		140			158		717		—			1,015
Total revenues	—		104,980			20,368		104,883		(20,066		)	210,165
Cost of sales	—		79,164			14,483		85,375		(20,066		)	158,956
Gross profit	—		25,816			5,885		19,508		—			51,209
Selling, general and administrative expenses	—		17,261			1,495		8,131		—			26,887
Special charges	—		—			—		—		—			—
Income (loss) from operations	—		8,555			4,390		11,377		—			24,322
Other income (expense)	—		(541		)	9		337		—			(195		)
Earnings (loss) before interest and income taxes	—		8,014			4,399		11,714		—			24,127
Interest expense	—		6,719			—		2,001		—			8,720
Income (loss) before income taxes	—		1,295			4,399		9,713		—			15,407
Provision (benefit) for income taxes	—		(1,536		)	—		2,082		—			546
Net income (loss)	—		2,831			4,399		7,631		—			14,861
Equity in net income (loss) of subsidiaries	14,861		12,030			—		—		(26,891		)	—
Net income (loss)	$	14,861	$	14,861		$	4,399	$	7,631	$	(26,891	)	$	14,861
Comprehensive income (loss)	$	21,630	$	21,630		$	4,522	$	10,244	$	(36,396	)	$	21,630

	Three months ended September 30, 2011
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	104,363		$	17,393		$	106,831	$	(21,341	)	$	207,246
Freight billed to customers	—		137			174			200		—			511
Total revenues	—		104,500			17,567			107,031		(21,341		)	207,757
Cost of sales	—		85,442			12,783			85,989		(21,341		)	162,873
Gross profit	—		19,058			4,784			21,042		—			44,884
Selling, general and administrative expenses	—		15,587			1,704			9,448		—			26,739
Special charges	—		(232		)	—			—		—			(232		)
Income (loss) from operations	—		3,703			3,080			11,594		—			18,377
Other income (expense)	—		1,083			(101		)	1,255		—			2,237
Earnings (loss) before interest and income taxes	—		4,786			2,979			12,849		—			20,614
Interest expense	—		7,838			—			2,721		—			10,559
Income (loss) before income taxes	—		(3,052		)	2,979			10,128		—			10,055
Provision (benefit) for income taxes	—		134			—			2,794		—			2,928
Net income (loss)	—		(3,186		)	2,979			7,334		—			7,127
Equity in net income (loss) of subsidiaries	7,127		10,313			—			—		(17,440		)	—
Net income (loss)	$	7,127	$	7,127		$	2,979		$	7,334	$	(17,440	)	$	7,127
Comprehensive income (loss)	$	4,412	$	4,412		$	3,066		$	2,490	$	(9,968	)	$	4,412

Libbey Inc.

Condensed Consolidating Statements of Comprehensive Income

(unaudited)

	Nine months ended September 30, 2012
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	308,017		57,420		294,175		(53,386		)	$	606,226
Freight billed to customers	—		436			532		1,514		—			2,482
Total revenues	—		308,453			57,952		295,689		(53,386		)	608,708
Cost of sales	—		229,083			41,838		240,561		(53,386		)	458,096
Gross profit	—		79,370			16,114		55,128		—			150,612
Selling, general and administrative expenses	—		52,685			4,897		24,809		—			82,391
Special charges	—		—			—		—		—			—
Income (loss) from operations	—		26,685			11,217		30,319		—			68,221
Other income (expense)	—		(31,503		)	2		67		—			(31,434		)
Earnings (loss) before interest and income taxes	—		(4,818		)	11,219		30,386		—			36,787
Interest expense	—		22,593			—		6,492		—			29,085
Income (loss) before income taxes	—		(27,411		)	11,219		23,894		—			7,702
Provision (benefit) for income taxes	—		(3,972		)	131		6,184		—			2,343
Net income (loss)	—		(23,439		)	11,088		17,710		—			5,359
Equity in net income (loss) of subsidiaries	5,359		28,798			—		—		(34,157		)	—
Net income (loss)	$	5,359	$	5,359		$	11,088	$	17,710	$	(34,157	)	$	5,359
Comprehensive income (loss)	$	17,763	$	17,763		$	11,575	$	18,120	$	(47,458	)	$	17,763

	Nine months ended September 30, 2011
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	299,287		$	57,580	$	297,583	$	(52,176	)	$	602,274
Freight billed to customers	—		491			744		525		—			1,760
Total revenues	—		299,778			58,324		298,108		(52,176		)	604,034
Cost of sales	—		240,893			42,621		241,830		(52,176		)	473,168
Gross profit	—		58,885			15,703		56,278		—			130,866
Selling, general and administrative expenses	—		43,182			6,129		28,054		—			77,365
Special charges	—		(332		)	51		—		—			(281		)
Income (loss) from operations	—		16,035			9,523		28,224		—			53,782
Other income (expense)	—		(1,694		)	3,253		3,945		—			5,504
Earnings (loss) before interest and income taxes	—		14,341			12,776		32,169		—			59,286
Interest expense	—		24,528			—		8,401		—			32,929
Income (loss) before income taxes	—		(10,187		)	12,776		23,768		—			26,357
Provision (benefit) for income taxes	—		764			55		4,006		—			4,825
Net income (loss)	—		(10,951		)	12,721		19,762		—			21,532
Equity in net income (loss) of subsidiaries	21,532		32,483			—		—		(54,015		)	—
Net income (loss)	$	21,532	$	21,532		$	12,721	$	19,762	$	(54,015	)	$	21,532
Comprehensive income (loss)	$	39,165	$	39,165		$	12,847	$	24,528	$	(76,540	)	$	39,165

Schedule of Condensed Balance Sheet [Table Text Block]

	September 30, 2012 (unaudited)
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)		Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash and equivalents	$	—	$	15,794	$	154	$	17,399		$	—		$	33,347
Accounts receivable — net	—		42,897		5,215		45,850			—			93,962
Inventories — net	—		63,330		17,730		89,754			—			170,814
Other current assets	—		14,506		236		12,166			(18,706		)	8,202
Total current assets	—		136,527		23,335		165,169			(18,706		)	306,325
Other non-current assets	—		25,194		673		27,651			(8,079		)	45,439
Investments in and advances to subsidiaries	46,146		356,262		214,027		(14,058		)	(602,377		)	—
Goodwill and purchased intangible assets — net	—		26,833		12,347		147,764			—			186,944
Total other assets	46,146		408,289		227,047		161,357			(610,456		)	232,383
Property, plant and equipment — net	—		71,525		313		179,680			—			251,518
Total assets	$	46,146	$	616,341	$	250,695	$	506,206		$	(629,162	)	$	790,226
Accounts payable	$	—	$	9,909	$	1,962	$	34,779		$	—		$	46,650
Accrued and other current liabilities	—		66,679		18,260		40,703			(16,668		)	108,974
Notes payable and long-term debt due within one year	—		218		—		3,601			—			3,819
Total current liabilities	—		76,806		20,222		79,083			(16,668		)	159,443
Long-term debt	—		451,942		—		14,916			—			466,858
Other long-term liabilities	—		77,465		6,310		44,121			(10,117		)	117,779
Total liabilities	—		606,213		26,532		138,120			(26,785		)	744,080
Total shareholders’ equity (deficit)	46,146		10,128		224,163		368,086			(602,377		)	46,146
Total liabilities and shareholders’ equity (deficit)	$	46,146	$	616,341	$	250,695	$	506,206		$	(629,162	)	$	790,226

Libbey Inc.

Condensed Consolidating Balance Sheet

	December 31, 2011
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)		Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash and equivalents	$	—	$	39,249	$	155	$	18,887		$	—		$	58,291
Accounts receivable — net	—		39,707		3,223		45,115			—			88,045
Inventories — net	—		48,077		17,009		80,773			—			145,859
Other current assets	—		16,913		747		7,432			(15,391		)	9,701
Total current assets	—		143,946		21,134		152,207			(15,391		)	301,896
Other non-current assets	—		25,138		8		18,380			(7,761		)	35,765
Investments in and advances to subsidiaries	27,780		336,596		210,876		(10,116		)	(565,136		)	—
Goodwill and purchased intangible assets — net	—		26,833		12,347		148,592			—			187,772
Total other assets	27,780		388,567		223,231		156,856			(572,897		)	223,537
Property, plant and equipment — net	—		75,951		416		188,351			—			264,718
Total assets	$	27,780	$	608,464	$	244,781	$	497,414		$	(588,288	)	$	790,151
Accounts payable	$	—	$	14,290	$	1,840	$	42,629		$	—		$	58,759
Accrued and other current liabilities	—		67,665		20,860		33,068			(15,391		)	106,202
Notes payable and long-term debt due within one year	—		227		—		3,965			—			4,192
Total current liabilities	—		82,182		22,700		79,662			(15,391		)	169,153
Long-term debt	—		360,626		—		32,542			—			393,168
Other long-term liabilities	—		156,232		17,156		34,423			(7,761		)	200,050
Total liabilities	—		599,040		39,856		146,627			(23,152		)	762,371
Total shareholders’ equity (deficit)	27,780		9,424		204,925		350,787			(565,136		)	27,780
Total liabilities and shareholders’ equity (deficit)	$	27,780	$	608,464	$	244,781	$	497,414		$	(588,288	)	$	790,151

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Three months ended September 30, 2012
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	14,861		$	14,861		$	4,399		$	7,631		$	(26,891	)	$	14,861
Depreciation and amortization	—			3,143			17			6,913			—			10,073
Other operating activities	(14,861		)	159			(4,328		)	(4,906		)	26,891			2,955
Net cash provided by (used in) operating activities	—			18,163			88			9,638			—			27,889
Additions to property, plant & equipment	—			(1,478		)	—			(3,934		)	—			(5,412		)
Other investing activities	—			—			—			131			—			131
Net cash (used in) investing activities	—			(1,478		)	—			(3,803		)	—			(5,281		)
Net borrowings (repayments)	—			(53		)	—			(8,264		)	—			(8,317		)
Other financing activities	—			(627		)	—			—			—			(627		)
Net cash provided by (used in) financing activities	—			(680		)	—			(8,264		)	—			(8,944		)
Exchange effect on cash	—			—			—			106			—			106
Increase (decrease) in cash	—			16,005			88			(2,323		)	—			13,770
Cash at beginning of period	—			(211		)	66			19,722			—			19,577
Cash at end of period	$	—		$	15,794		$	154		$	17,399		$	—		$	33,347

	Three months ended September 30, 2011
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	7,127		$	7,127		$	2,979		$	7,334		$	(17,440	)	$	7,127
Depreciation and amortization	—			3,119			19			7,219			—			10,357
Other operating activities	(7,127		)	(28,646		)	(3,139		)	(702		)	17,440			(22,174		)
Net cash provided by (used in) operating activities	—			(18,400		)	(141		)	13,851			—			(4,690		)
Additions to property, plant & equipment	—			(5,122		)	(27		)	(2,910		)	—			(8,059		)
Other investing activities	—			—			158			65			—			223
Net cash (used in) investing activities	—			(5,122		)	131			(2,845		)	—			(7,836		)
Net borrowings (repayments)	—			(49		)	—			(6,729		)	—			(6,778		)
Other financing activities	—			(19		)	—			—			—			(19		)
Net cash provided by (used in) financing activities	—			(68		)	—			(6,729		)	—			(6,797		)
Exchange effect on cash	—			—			—			(403		)	—			(403		)
Increase (decrease) in cash	—			(23,590		)	(10		)	3,874			—			(19,726		)
Cash at beginning of period	—			25,772			367			18,170			—			44,309
Cash at end of period	$	—		$	2,182		$	357		$	22,044		$	—		$	24,583

Libbey Inc.

Condensed Consolidating Statements of Cash Flows

(unaudited)

	Nine months ended September 30, 2012
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	5,359		$	5,359		$	11,088		$	17,710		$	(34,157	)	$	5,359
Depreciation and amortization	—			10,150			54			20,693			—			30,897
Other operating activities	(5,359		)	(86,674		)	(11,143		)	(10,867		)	34,157			(79,886		)
Net cash provided by (used in) operating activities	—			(71,165		)	(1		)	27,536			—			(43,630		)
Additions to property, plant & equipment	—			(5,792		)	—			(11,452		)	—			(17,244		)
Other investing activities	—			—			—			550			—			550
Net cash (used in) investing activities	—			(5,792		)	—			(10,902		)	—			(16,694		)
Net borrowings (repayments)	—			89,845			—			(18,124		)	—			71,721
Other financing activities	—			(36,343		)	—			—			—			(36,343		)
Net cash provided by (used in) financing activities	—			53,502			—			(18,124		)	—			35,378
Exchange effect on cash	—			—			—			2			—			2
Increase (decrease) in cash	—			(23,455		)	(1		)	(1,488		)	—			(24,944		)
Cash at beginning of period	—			39,249			155			18,887			—			58,291
Cash at end of period	$	—		$	15,794		$	154		$	17,399		$	—		$	33,347

	Nine months ended September 30, 2011
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	21,532		$	21,532		$	12,721		$	19,762		$	(54,015	)	$	21,532
Depreciation and amortization	—			10,694			278			21,293			—			32,265
Other operating activities	(21,532		)	(37,814		)	(26,405		)	(19,917		)	54,015			(51,653		)
Net cash provided by (used in) operating activities	—			(5,588		)	(13,406		)	21,138			—			2,144
Additions to property, plant & equipment	—			(9,207		)	(30		)	(17,220		)	—			(26,457		)
Other investing activities	—			33			13,500			4,731			—			18,264
Net cash (used in) investing activities	—			(9,174		)	13,470			(12,489		)	—			(8,193		)
Net borrowings (repayments)	—			(40,146		)	—			(4,624		)	—			(44,770		)
Other financing activities	—			(1,187		)	—			—			—			(1,187		)
Net cash provided by (used in) financing activities	—			(41,333		)	—			(4,624		)	—			(45,957		)
Exchange effect on cash	—			—			—			331			—			331
Increase (decrease) in cash	—			(56,095		)	64			4,356			—			(51,675		)
Cash at beginning of period	—			58,277			293			17,688			—			76,258
Cash at end of period	$	—		$	2,182		$	357		$	22,044		$	—		$	24,583