Condensed Consolidated Guarantor Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statements of Operations

	Year ended December 31, 2013
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	394,849		$	82,458		$	408,454		$	(66,950	)	$	818,811
Freight billed to customers	—		578			848			1,918			—			3,344
Total revenues	—		395,427			83,306			410,372			(66,950		)	822,155
Cost of sales	—		296,672			62,356			342,738			(66,950		)	634,816
Gross profit	—		98,755			20,950			67,634			—			187,339
Selling, general and administrative expenses	—		58,428			10,737			40,816			—			109,981
Special charges	—		4,841			—			18			—			4,859
Income (loss) from operations	—		35,486			10,213			26,800			—			72,499
Other income (expense)	—		1,385			(20		)	(158		)	—			1,207
Earnings (loss) before interest and income taxes	—		36,871			10,193			26,642			—			73,706
Interest expense	—		23,852			—			8,154			—			32,006
Income (loss) before income taxes	—		13,019			10,193			18,488			—			41,700
Provision (benefit) for income taxes	—		(1,401		)	3,578			11,064			—			13,241
Net income (loss)	—		14,420			6,615			7,424			—			28,459
Equity in net income (loss) of subsidiaries	28,459		14,039			—			—			(42,498		)	—
Net income (loss)	$	28,459	$	28,459		$	6,615		$	7,424		$	(42,498	)	$	28,459
Comprehensive income (loss)	$	96,339	$	96,339		$	10,062		$	9,613		$	(116,014	)	$	96,339

Libbey Inc.

Condensed Consolidating Statements of Comprehensive Income (Loss)

	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

Condensed Consolidating Balance Sheets

	December 31, 2013
(dollars in thousands)	Libbey Inc. (Parent)		Libbey Glass (Issuer)		Subsidiary Guarantors		Non- Guarantor Subsidiaries			Eliminations			Consolidated
Cash and equivalents	$	—	$	22,070	$	62	$	20,076		$	—		$	42,208
Accounts receivable — net	—		41,193		4,562		48,794			—			94,549
Inventories — net	—		51,571		22,907		88,643			—			163,121
Other current assets	—		23,183		3,999		18,751			(21,095		)	24,838
Total current assets	—		138,017		31,530		176,264			(21,095		)	324,716
Other non-current assets	—		38,661		1,379		13,475			(607		)	52,908
Investments in and advances to subsidiaries	130,809		304,266		199,573		(41,361		)	(593,287		)	—
Goodwill and purchased intangible assets — net	—		27,423		12,347		146,934			—			186,704
Total other assets	130,809		370,350		213,299		119,048			(593,894		)	239,612
Property, plant and equipment — net	—		67,836		278		197,548			—			265,662
Total assets	$	130,809	$	576,203	$	245,107	$	492,860		$	(614,989	)	$	829,990
Accounts payable	$	—	$	16,086	$	3,404	$	60,130		$	—		$	79,620
Accrued and other current liabilities	—		50,292		26,243		27,674			(21,095		)	83,114
Notes payable and long-term debt due within one year	—		235		—		5,156			—			5,391
Total current liabilities	—		66,613		29,647		92,960			(21,095		)	168,125
Long-term debt	—		404,122		—		2,390			—			406,512
Other long-term liabilities	—		67,225		8,205		49,721			(607		)	124,544
Total liabilities	—		537,960		37,852		145,071			(21,702		)	699,181
Total shareholders’ equity	130,809		38,243		207,255		347,789			(593,287		)	130,809
Total liabilities and shareholders’ equity	$	130,809	$	576,203	$	245,107	$	492,860		$	(614,989	)	$	829,990

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	24,476		29,745		197,193		340,306			(567,244		)	24,476
Total liabilities and shareholders’ equity	$	24,476	$	654,503	$	229,932	$	480,889		$	(587,624	)	$	802,176

Condensed Consolidating Statements of Cash Flows

	Year ended December 31, 2013
(dollars in thousands)	Libbey Inc. (Parent)			Libbey Glass (Issuer)			Subsidiary Guarantors			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	28,459		$	28,459		$	6,615		$	7,424		$	(42,498	)	$	28,459
Depreciation and amortization	—			13,888			56			30,025			—			43,969
Other operating activities	(28,459		)	(10,915		)	(6,644		)	3,821			42,498			301
Net cash provided by (used in) operating activities	—			31,432			27			41,270			—			72,729
Additions to property, plant & equipment	—			(11,735		)	(35		)	(37,637		)	—			(49,407		)
Other investing activities	—			2			—			79			—			81
Net cash (used in) investing activities	—			(11,733		)	(35		)	(37,558		)	—			(49,326		)
Net borrowings (repayments)	—			(45,221		)	—			(7,955		)	—			(53,176		)
Other financing activities	—			4,034			—			—			—			4,034
Net cash provided by (used in) financing activities	—			(41,187		)	—			(7,955		)	—			(49,142		)
Exchange effect on cash	—			—			—			739			—			739
Increase (decrease) in cash	—			(21,488		)	(8		)	(3,504		)	—			(25,000		)
Cash at beginning of period	—			43,558			70			23,580			—			67,208
Cash at end of period	$	—		$	22,070		$	62		$	20,076		$	—		$	42,208

	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

Libbey Inc.

Condensed Consolidating Statement of Cash Flows

	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