Condensed Consolidated Guarantor Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statements of Operations

	Year ended December 31, 2012
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	421,630		$	76,231	$	397,811		$	(70,385	)	$	825,287
Freight billed to customers	—			579			701		1,885			—			3,165
Total revenues	—			422,209			76,932		399,696			(70,385		)	828,452
Cost of sales	—			320,175			55,787		327,690			(70,385		)	633,267
Gross profit	—			102,034			21,145		72,006			—			195,185
Selling, general and administrative expenses	—			71,162			8,829		33,905			—			113,896
Special charges	—			—			—		—			—			—
Income (loss) from operations	—			30,872			12,316		38,101			—			81,289
Other income (expense)	—			(30,796		)	9		(100		)	—			(30,887		)
Earnings (loss) before interest and income taxes	—			76			12,325		38,001			—			50,402
Interest expense	—			29,430			—		8,297			—			37,727
Income (loss) before income taxes	—			(29,354		)	12,325		29,704			—			12,675
Provision (benefit) for income taxes	—			(4,013		)	5,185		4,537			—			5,709
Net income (loss)	—			(25,341		)	7,140		25,167			—			6,966
Equity in net income (loss) of subsidiaries	6,966			32,307			—		—			(39,273		)	—
Net income (loss)	$	6,966		$	6,966		$	7,140	$	25,167		$	(39,273	)	$	6,966
Comprehensive income (loss)	$	(5,702	)	$	(5,702	)	$	7,366	$	14,155		$	(15,819	)	$	(5,702	)

	Year ended December 31, 2011
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	408,561		$	74,260	$	404,567	$	(70,332	)	$	817,056
Freight billed to customers	—		630			929		837		—			2,396
Total revenues	—		409,191			75,189		405,404		(70,332		)	819,452
Cost of sales	—		336,027			55,455		329,563		(70,332		)	650,713
Gross profit	—		73,164			19,734		75,841		—			168,739
Selling, general and administrative expenses	—		60,211			7,816		37,518		—			105,545
Special charges	—		(332		)	51		—		—			(281		)
Income (loss) from operations	—		13,285			11,867		38,323		—			63,475
Other income (expense)	—		(2,560		)	3,457		4,331		—			5,228
Earnings (loss) before interest and income taxes	—		10,725			15,324		42,654		—			68,703
Interest expense	—		32,711			—		10,708		—			43,419
Income (loss) before income taxes	—		(21,986		)	15,324		31,946		—			25,284
Provision (benefit) for income taxes	—		(3,811		)	4,016		1,438		—			1,643
Net income (loss)	—		(18,175		)	11,308		30,508		—			23,641
Equity in net income (loss) of subsidiaries	23,641		41,816			—		—		(65,457		)	—
Net income (loss)	$	23,641	$	23,641		$	11,308	$	30,508	$	(65,457	)	$	23,641
Comprehensive income (loss)	$	6,215	$	6,215		$	8,756	$	30,971	$	(45,942	)	$	6,215

Libbey Inc.

Condensed Consolidating Statement of Comprehensive Income (Loss)

	Year ended December 31, 2010
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—	$	400,565		$	85,996		$	380,912	$	(67,679	)	$	799,794
Freight billed to customers	—		622			883			285		—			1,790
Total revenues	—		401,187			86,879			381,197		(67,679		)	801,584
Cost of sales	—		329,865			62,827			308,558		(67,679		)	633,571
Gross profit	—		71,322			24,052			72,639		—			168,013
Selling, general and administrative expenses	—		55,245			9,077			33,068		—			97,390
Special charges	—		765			1,037			—		—			1,802
Income (loss) from operations	—		15,312			13,938			39,571		—			68,821
Other income (expense)	—		57,315			(133		)	836		—			58,018
Earnings (loss) before interest and income taxes	—		72,627			13,805			40,407		—			126,839
Interest expense	—		39,717			(5		)	5,459		—			45,171
Income (loss) before income taxes	—		32,910			13,810			34,948		—			81,668
Provision (benefit) for income taxes	—		(4,057		)	4,034			11,605		—			11,582
Net income (loss)	—		36,967			9,776			23,343		—			70,086
Equity in net income (loss) of subsidiaries	70,086		33,119			—			—		(103,205		)	—
Net income (loss)	$	70,086	$	70,086		$	9,776		$	23,343	$	(103,205	)	$	70,086
Comprehensive income (loss)	$	74,864	$	74,864		$	9,734		$	17,341	$	(101,939	)	$	74,864

Condensed Consolidating Balance Sheet

	December 31, 2012
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)		Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash and equivalents	$	—	$	43,558	$	70	$	23,580		$	—		$	67,208
Accounts receivable — net	—		33,987		3,560		43,303			—			80,850
Inventories — net	—		52,627		18,477		86,445			—			157,549
Other current assets	—		17,931		810		10,446			(16,190		)	12,997
Total current assets	—		148,103		22,917		163,774			(16,190		)	318,604
Other non-current assets	—		22,373		54		20,387			(4,190		)	38,624
Investments in and advances to subsidiaries	24,476		384,414		194,316		(35,962		)	(567,244		)	—
Goodwill and purchased intangible assets — net	—		26,833		12,347		147,614			—			186,794
Total other assets	24,476		433,620		206,717		132,039			(571,434		)	225,418
Property, plant and equipment — net	—		72,780		298		185,076			—			258,154
Total assets	$	24,476	$	654,503	$	229,932	$	480,889		$	(587,624	)	$	802,176
Accounts payable	$	—	$	15,339	$	2,854	$	47,519		$	—		$	65,712
Accrued and other current liabilities	—		63,674		20,194		27,857			(16,190		)	95,535
Notes payable and long-term debt due within one year	—		221		—		4,362			—			4,583
Total current liabilities	—		79,234		23,048		79,738			(16,190		)	165,830
Long-term debt	—		451,090		—		10,794			—			461,884
Other long-term liabilities	—		94,434		9,691		50,051			(4,190		)	149,986
Total liabilities	—		624,758		32,739		140,583			(20,380		)	777,700
Total shareholders’ equity (deficit)	24,476		29,745		197,193		340,306			(567,244		)	24,476
Total liabilities and shareholders’ equity (deficit)	$	24,476	$	654,503	$	229,932	$	480,889		$	(587,624	)	$	802,176

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		2,614		10,506			(17,258		)	12,775
Total current assets	—		143,946		23,001		155,281			(17,258		)	304,970
Other non-current assets	—		21,609		8		24,749			(4,257		)	42,109
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		385,038		223,231		163,225			(569,393		)	229,881
Property, plant and equipment — net	—		75,951		416		188,351			—			264,718
Total assets	$	27,780	$	604,935	$	246,648	$	506,857		$	(586,651	)	$	799,569
Accounts payable	$	—	$	14,290	$	1,840	$	42,629		$	—		$	58,759
Accrued and other current liabilities	—		67,953		20,860		32,676			(17,258		)	104,231
Notes payable and long-term debt due within one year	—		227		—		3,965			—			4,192
Total current liabilities	—		82,470		22,700		79,270			(17,258		)	167,182
Long-term debt	—		360,626		—		32,542			—			393,168
Other long-term liabilities	—		156,232		15,206		44,258			(4,257		)	211,439
Total liabilities	—		599,328		37,906		156,070			(21,515		)	771,789
Total shareholders’ equity (deficit)	27,780		5,607		208,742		350,787			(565,136		)	27,780
Total liabilities and shareholders’ equity (deficit)	$	27,780	$	604,935	$	246,648	$	506,857		$	(586,651	)	$	799,569

Condensed Consolidating Statements of Cash Flows

	Year ended December 31, 2012
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	6,966		$	6,966		$	7,140		$	25,167		$	(39,273	)	$	6,966
Depreciation and amortization	—			12,897			70			28,504			—			41,471
Other operating activities	(6,966		)	(59,493		)	(7,295		)	(5,459		)	39,273			(39,940		)
Net cash provided by (used in) operating activities	—			(39,630		)	(85		)	48,212			—			8,497
Additions to property, plant & equipment	—			(10,104		)	—			(22,616		)	—			(32,720		)
Other investing activities	—			97			—			550			—			647
Net cash (used in) investing activities	—			(10,007		)	—			(22,066		)	—			(32,073		)
Net borrowings (repayments)	—			89,792			—			(21,674		)	—			68,118
Other financing activities	—			(35,846		)	—			—			—			(35,846		)
Net cash provided by (used in) financing activities	—			53,946			—			(21,674		)	—			32,272
Exchange effect on cash	—			—			—			221			—			221
Increase (decrease) in cash	—			4,309			(85		)	4,693			—			8,917
Cash at beginning of period	—			39,249			155			18,887			—			58,291
Cash at end of period	$	—		$	43,558		$	70		$	23,580		$	—		$	67,208

	Year ended December 31, 2011
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	23,641		$	23,641		$	11,308		$	30,508		$	(65,457	)	$	23,641
Depreciation and amortization	—			13,501			292			28,395			—			42,188
Other operating activities	(23,641		)	(2,184		)	(24,655		)	(25,455		)	65,457			(10,478		)
Net cash provided by (used in) operating activities	—			34,958			(13,055		)	33,448			—			55,351
Additions to property, plant & equipment	—			(18,098		)	(61		)	(23,261		)	—			(41,420		)
Other investing activities	—			33			12,978			4,689			—			17,700
Net cash (used in) investing activities	—			(18,065		)	12,917			(18,572		)	—			(23,720		)
Net borrowings (repayments)	—			(40,196		)	—			(13,547		)	—			(53,743		)
Other financing activities	—			4,275			—			—			—			4,275
Net cash provided by (used in) financing activities	—			(35,921		)	—			(13,547		)	—			(49,468		)
Exchange effect on cash	—			—			—			(130		)	—			(130		)
Increase (decrease) in cash	—			(19,028		)	(138		)	1,199			—			(17,967		)
Cash at beginning of period	—			58,277			293			17,688			—			76,258
Cash at end of period	$	—		$	39,249		$	155		$	18,887		$	—		$	58,291

Libbey Inc.

Condensed Consolidating Statement of Cash Flows

	Year ended December 31, 2010
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	70,086		$	70,086		$	9,776		$	23,343		$	(103,205	)	$	70,086
Depreciation and amortization	—			14,512			743			25,860			—			41,115
Other operating activities	(70,086		)	(67,690		)	(10,407		)	(18,524		)	103,205			(63,502		)
Net cash provided by (used in) operating activities	—			16,908			112			30,679			—			47,699
Additions to property, plant & equipment	—			(8,515		)	(238		)	(19,494		)	—			(28,247		)
Other investing activities	—			—			—			—			—			—
Net cash (used in) investing activities	—			(8,515		)	(238		)	(19,494		)	—			(28,247		)
Net borrowings (repayments)	—			35,112			—			(10,210		)	—			24,902
Other financing activities	—			(22,614		)	—			—			—			(22,614		)
Net cash provided by (used in) financing activities	—			12,498			—			(10,210		)	—			2,288
Exchange effect on cash	—			—			—			(571		)	—			(571		)
Increase (decrease) in cash	—			20,891			(126		)	404			—			21,169
Cash at beginning of period	—			37,386			419			17,284			—			55,089
Cash at end of period	$	—		$	58,277		$	293		$	17,688		$	—		$	76,258