Condensed Consolidated Guarantor Financial Statements (Tables)

9 Months Ended

Sep. 30, 2013

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 (Loss)

(unaudited)

	Three months ended September 30, 2013
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	96,699		$	20,926		$	104,251		$	(17,490	)	$	204,386
Freight billed to customers	—		170			212			542			—			924
Total revenues	—		96,869			21,138			104,793			(17,490		)	205,310
Cost of sales	—		79,960			15,840			87,095			(17,490		)	165,405
Gross profit	—		16,909			5,298			17,698			—			39,905
Selling, general and administrative expenses	—		13,476			3,103			8,940			—			25,519
Special charges	—		373			—			17			—			390
Income (loss) from operations	—		3,060			2,195			8,741			—			13,996
Other income (expense)	—		(238		)	(4		)	(464		)	—			(706		)
Earnings (loss) before interest and income taxes	—		2,822			2,191			8,277			—			13,290
Interest expense	—		5,704			—			2,002			—			7,706
Income (loss) before income taxes	—		(2,882		)	2,191			6,275			—			5,584
Provision (benefit) for income taxes	—		452			81			302			—			835
Net income (loss)	—		(3,334		)	2,110			5,973			—			4,749
Equity in net income (loss) of subsidiaries	4,749		8,083			—			—			(12,832		)	—
Net income (loss)	$	4,749	$	4,749		$	2,110		$	5,973		$	(12,832	)	$	4,749
Comprehensive income (loss)	$	12,827	$	12,827		$	2,031		$	1,641		$	(16,499	)	$	12,827

	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

Libbey Inc.

Condensed Consolidating Statements of Comprehensive Income (Loss)

(unaudited)

	Nine months ended September 30, 2013
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	285,035		$	61,342		$	293,122		$	(41,733	)	$	597,766
Freight billed to customers	—		401			640			1,406			—			2,447
Total revenues	—		285,436			61,982			294,528			(41,733		)	600,213
Cost of sales	—		209,165			46,340			246,842			(41,733		)	460,614
Gross profit	—		76,271			15,642			47,686			—			139,599
Selling, general and administrative expenses	—		46,721			8,256			26,574			—			81,551
Special charges	—		4,602			—			17			—			4,619
Income (loss) from operations	—		24,948			7,386			21,095			—			53,429
Other income (expense)	—		(2,745		)	(16		)	(847		)	—			(3,608		)
Earnings (loss) before interest and income taxes	—		22,203			7,370			20,248			—			49,821
Interest expense	—		18,120			—			6,147			—			24,267
Income (loss) before income taxes	—		4,083			7,370			14,101			—			25,554
Provision (benefit) for income taxes	—		1,152			230			4,998			—			6,380
Net income (loss)	—		2,931			7,140			9,103			—			19,174
Equity in net income (loss) of subsidiaries	19,174		16,243			—			—			(35,417		)	—
Net income (loss)	$	19,174	$	19,174		$	7,140		$	9,103		$	(35,417	)	$	19,174
Comprehensive income (loss)	$	36,281	$	36,281		$	7,030		$	4,441		$	(47,752	)	$	36,281

	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

Schedule of Condensed Balance Sheet [Table Text Block]

	September 30, 2013 (unaudited)
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)		Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash and equivalents	$	—	$	6,217	$	52	$	23,197		$	—		$	29,466
Accounts receivable — net	—		38,967		5,551		47,093			—			91,611
Inventories — net	—		60,035		21,295		92,064			—			173,394
Other current assets	—		19,638		2,284		17,630			(16,407		)	23,145
Total current assets	—		124,857		29,182		179,984			(16,407		)	317,616
Other non-current assets	—		18,806		—		21,251			(4,190		)	35,867
Investments in and advances to subsidiaries	68,757		372,239		197,806		(40,632		)	(598,170		)	—
Goodwill and purchased intangible assets — net	—		27,423		12,347		146,909			—			186,679
Total other assets	68,757		418,468		210,153		127,528			(602,360		)	222,546
Property, plant and equipment — net	—		64,876		288		189,334			—			254,498
Total assets	$	68,757	$	608,201	$	239,623	$	496,846		$	(618,767	)	$	794,660
Accounts payable	$	—	$	12,330	$	2,118	$	46,319		$	—		$	60,767
Accrued and other current liabilities	—		56,489		22,473		28,767			(13,334		)	94,395
Notes payable and long-term debt due within one year	—		231		—		14,915			—			15,146
Total current liabilities	—		69,050		24,591		90,001			(13,334		)	170,308
Long-term debt	—		404,655		—		2,343			—			406,998
Other long-term liabilities	—		91,818		9,432		51,537			(4,190		)	148,597
Total liabilities	—		565,523		34,023		143,881			(17,524		)	725,903
Total shareholders’ equity (deficit)	68,757		42,678		205,600		352,965			(601,243		)	68,757
Total liabilities and shareholders’ equity (deficit)	$	68,757	$	608,201	$	239,623	$	496,846		$	(618,767	)	$	794,660

Libbey Inc.

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

Schedule of Condensed Cash Flow Statement [Table Text Block]

	Three months ended September 30, 2013
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	4,749		$	4,749		$	2,110		$	5,973		$	(12,832	)	$	4,749
Depreciation and amortization	—			2,921			13			8,839			—			11,773
Other operating activities	(4,749		)	12,531			(2,122		)	(247		)	12,832			18,245
Net cash provided by (used in) operating activities	—			20,201			1			14,565			—			34,767
Additions to property, plant & equipment	—			(2,620		)	(4		)	(7,757		)	—			(10,381		)
Other investing activities	—			1			—			72			—			73
Net cash (used in) investing activities	—			(2,619		)	(4		)	(7,685		)	—			(10,308		)
Net borrowings (repayments)	—			(9,856		)	—			1,753			—			(8,103		)
Other financing activities	—			2,059			—			—			—			2,059
Net cash provided by (used in) financing activities	—			(7,797		)	—			1,753			—			(6,044		)
Exchange effect on cash	—			—			—			507			—			507
Increase (decrease) in cash	—			9,785			(3		)	9,140			—			18,922
Cash at beginning of period	—			(3,568		)	55			14,057			—			10,544
Cash at end of period	$	—		$	6,217		$	52		$	23,197		$	—		$	29,466

	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

Libbey Inc.

Condensed Consolidating Statements of Cash Flows

(unaudited)

	Nine months ended September 30, 2013
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	19,174		$	19,174		$	7,140		$	9,103		$	(35,417	)	$	19,174
Depreciation and amortization	—			11,646			46			22,478			—			34,170
Other operating activities	(19,174		)	(20,066		)	(7,169		)	(10,880		)	35,417			(21,872		)
Net cash provided by (used in) operating activities	—			10,754			17			20,701			—			31,472
Additions to property, plant & equipment	—			(6,689		)	(35		)	(23,428		)	—			(30,152		)
Other investing activities	—			2			—			79			—			81
Net cash (used in) investing activities	—			(6,687		)	(35		)	(23,349		)	—			(30,071		)
Net borrowings (repayments)	—			(45,165		)	—			1,748			—			(43,417		)
Other financing activities	—			3,757			—			—			—			3,757
Net cash provided by (used in) financing activities	—			(41,408		)	—			1,748			—			(39,660		)
Exchange effect on cash	—			—			—			517			—			517
Increase (decrease) in cash	—			(37,341		)	(18		)	(383		)	—			(37,742		)
Cash at beginning of period	—			43,558			70			23,580			—			67,208
Cash at end of period	$	—		$	6,217		$	52		$	23,197		$	—		$	29,466

	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