Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Supplemental Financial Information [Abstract]

Schedule Of Consolidating Statements Of Operations

GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2011 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non - Guarantor Subsidiaries
										Eliminations			Total
Net sales		$ –		$	683,614		$	104,077		$	(21,084	)	$	766,607
Cost of sales		–			551,641			89,676			(19,825	)		621,492
Gross profit		–			131,973			14,401			(1,259	)		145,115
Selling, general, and administrative expense		75			99,090			9,792			–			108,957
(Loss) income from operations		(75	)		32,883			4,609			(1,259	)		36,158
Interest expense (income)		16,874			2,569			(80	)		–			19,363
Other income		–			(90	)		–			–			(90	)
(Loss) income before taxes		(16,949	)		30,404			4,689			(1,259	)		16,885
(Benefit of) provision for income taxes		(6,339	)		13,180			828			–			7,669
(Loss) income from continuing operations		(10,610	)		17,224			3,861			(1,259	)		9,216
Discontinued operations:
Income before taxes		–			13,621			219			–			13,840
Provision for income taxes		–			6,432			101			–			6,533
Income from discontinued operations		–			7,189			118			–			7,307
Equity in earnings from subsidiaries		28,392			3,979			–			(32,371	)		–
Net income	$	17,782		$	28,392		$	3,979		$	(33,630	)	$	16,523

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2010 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries
										Eliminations			Total
Net sales		$ –		$	564,312		$	91,721		$	(18,579	)	$	637,454
Cost of sales		–			471,280			80,712			(18,406	)		533,586
Gross profit		–			93,032			11,009			(173	)		103,868
Selling, general, and administrative expense		331			90,433			8,782			–			99,546
Intangible asset impairment		–			76,964			–			–			76,964
(Loss) income from operations		(331	)		(74,365	)		2,227			(173	)		(72,642	)
Interest expense (income)		16,111			3,615			(12	)		–			19,714
Other income		–			(50	)		(27	)		–			(77	)
(Loss) income before taxes		(16,442	)		(77,930	)		2,266			(173	)		(92,279	)
(Benefit of) provision for income taxes		(6,592	)		(10,642	)		311			–			(16,923	)
(Loss) income from continuing operations		(9,850	)		(67,288	)		1,955			(173	)		(75,356	)
Discontinued operations:
(Loss) income before taxes		–			(27,912	)		787			–			(27,125	)
(Benefit of) provision for income taxes		–			(11,646	)		233			–			(11,413	)
(Loss) income from discontinued operations		–			(16,266	)		554			–			(15,712	)
Equity in earnings from subsidiaries		(81,045	)		2,509			–			78,536			–
Net (loss) income	$	(90,895	)	$	(81,045	)	$	2,509		$	78,363		$	(91,068	)

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2009 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries
										Eliminations			Total
Net sales		$ –		$	574,067		$	78,902		$	(13,893	)	$	639,076
Cost of sales		–			462,544			69,616			(12,812	)		519,348
Gross profit		–			111,523			9,286			(1,081	)		119,728
Selling, general, and administrative expense		(85	)		87,925			8,851			–			96,691
Intangible asset impairment		–			60,098			–			–			60,098
Income (loss) from operations		85			(36,500	)		435			(1,081	)		(37,061	)
Interest expense (income)		15,840			5,617			(24	)		–			21,433
Other income		–			(296	)		(15	)		–			(311	)
(Loss) income before taxes		(15,755	)		(41,821	)		474			(1,081	)		(58,183	)
Benefit of income taxes		(6,132	)		(12,148	)		(331	)		–			(18,611	)
(Loss) income from continuing operations		(9,623	)		(29,673	)		805			(1,081	)		(39,572	)
Discontinued operations:
Loss before taxes		–			(19,653	)		(528	)		–			(20,181	)
Benefit of income taxes		–			(7,560	)		(168	)		–			(7,728	)
Loss from discontinued operations		–			(12,093	)		(360	)		–			(12,453	)
Equity in earnings from subsidiaries		(41,321	)		445			–			40,876			–
Net (loss) income	$	(50,944	)	$	(41,321	)	$	445		$	39,795		$	(52,025	)

Schedule Of Consolidating Balance Sheets

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2011 (in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries
								Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	34,691	$	19,426		$	–		$	54,117
Accounts receivable, net		–		77,395		13,200			–			90,595
Intercompany balances		16,762		4,811		(21,573	)		–			–
Inventories		–		101,637		7,633			–			109,270
Other current assets		6,339		7,676		857			–			14,872
Total current assets		23,101		226,210		19,543			–			268,854
Property, plant, and equipment, net		–		140,343		11,631			–			151,974
Goodwill		–		320,771		27,555			–			348,326
Acquired intangibles		–		86,160		9,105			–			95,265
Other assets		2,890		4,745		1			–			7,636
Investment in subsidiaries		637,628		52,173		–			(689,801	)		–
	$	663,619	$	830,402	$	67,835		$	(689,801	)	$	872,055
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	59,600	$	7,720		$	–		$	67,320
Accrued expenses		1,360		55,670		3,657			–			60,687
Current maturities of long-term debt		–		417		–			–			417
Total current liabilities		1,360		115,687		11,377			–			128,424
Long-term debt		202,323		4,423		–			–			206,746
Deferred income taxes		–		52,065		3,736			–			55,801
Other non-current liabilities		–		20,599		549			–			21,148
Shareholders' equity		459,936		637,628		52,173			(689,801	)		459,936
	$	663,619	$	830,402	$	67,835		$	(689,801	)	$	872,055

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2010 (in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries
								Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	46,349	$	14,517			$ –		$	60,866
Accounts receivable, net		–		57,268		13,103			–			70,371
Intercompany balances		17,194		5,657		(22,851	)		–			–
Inventories		–		71,355		6,493			–			77,848
Other current assets		6,592		12,750		887			–			20,229
Assets of discontinued operations		–		10,501		2,562			–			13,063
Total current assets		23,786		203,880		14,711			–			242,377
Property, plant, and equipment, net		–		132,355		13,428			–			145,783
Goodwill		–		270,245		28,101			–			298,346
Acquired intangibles		–		55,827		10,474			–			66,301
Other assets		3,613		13,152		1			–			16,766
Equity method investments		–		1,345		–			–			1,345
Assets of discontinued operations		–		34,503		5,469			–			39,972
Investment in subsidiaries		616,787		55,172		–			(671,959	)		–
	$	644,186	$	766,479	$	72,184		$	(671,959	)	$	810,890
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	48,739	$	8,036			$ –		$	56,775
Accrued expenses		1,360		33,053		2,372			–			36,785
Current maturities of long-term debt		–		408		–			–			408
Liabilities of discontinued operations		–		4,576		1,574			–			6,150
Total current liabilities		1,360		86,776		11,982			–			100,118
Long-term debt		201,973		4,816		–			–			206,789
Deferred income taxes		–		35,176		1,943			–			37,119
Other non-current liabilities		–		22,763		458			–			23,221
Liabilities of discontinued operations		–		161		2,629			–			2,790
Shareholders' equity		440,853		616,787		55,172			(671,959	)		440,853
	$	644,186	$	766,479	$	72,184		$	(671,959	)	$	810,890

Schedule Of Consolidating Statements Of Cash Flows

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2011 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non - Guarantor Subsidiaries			Eliminations
												Total
Net cash (used in) provided by operating activities of continuing operations	$	(15,876	)	$	56,841		$	8,863		$	–	$	49,828
Net cash (used in) provided by operating activities of discontinued operations		–			(3,181	)		48			–		(3,133	)
Net cash (used in) provided by operating activities		(15,876	)		53,660			8,911			–		46,695
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			(109,248	)		–			–		(109,248	)
Purchases of property, plant, and equipment		–			(11,033	)		(519	)		–		(11,552	)
Purchase of equity method investment		–			(250	)		–			–		(250	)
Net proceeds from sale of property and equipment		–			1,085			141			–		1,226
Net proceeds from sale of businesses		–			67,529			–			–		67,529
Net cash used in investing activities of continuing operations		–			(51,917	)		(378	)		–		(52,295	)
Net cash provided by investing activities of discontinued operations		–			2,089			–			–		2,089
Net cash used in investing activities		–			(49,828	)		(378	)		–		(50,206	)
Cash Flows from Financing Activities
Long-term debt payments		–			(74,262	)		–			–		(74,262	)
Proceeds from long-term debt		–			73,849			–			–		73,849
Payment of deferred financing fees		–			(1,570	)		–			–		(1,570	)
Purchase of treasury stock at market prices		(826	)		–			–			–		(826	)
Intercompany financing		16,668			(13,507	)		(3,161	)		–		–
Net proceeds from issuance of common stock		34			–			–			–		34
Net cash provided by (used in) financing activities		15,876			(15,490	)		(3,161	)		–		(2,775	)
Effect of exchange rate changes on cash		–			–			(463	)		–		(463	)
Net (decrease) increase in cash and cash equivalents		–			(11,658	)		4,909			–		(6,749	)
Cash and cash equivalents at beginning of year		–			46,349			14,517			–		60,866
Cash and cash equivalents at end of period		$ –		$	34,691		$	19,426		$	–	$	54,117

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2010 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries
										Eliminations		Total
Net cash (used in) provided by operating activities of continuing operations	$	(15,397	)	$	57,167		$	5,421		$	–	$	47,191
Net cash provided by operating activities of discontinued operations		–			21,466			712			–		22,178
Net cash (used in) provided by operating activities		(15,397	)		78,633			6,133			–		69,369
Cash Flows from Investing Activities
Net proceeds from sale of businesses		–			29,164			–			–		29,164
Net proceeds from sale of property and equipment		–			217			4			–		221
Purchase of equity method investment		–			(1,250	)		–			–		(1,250	)
Purchases of property, plant, and equipment		–			(7,694	)		(668	)		–		(8,362	)
Net cash provided by (used in) investing activities of continuing operations		–			20,437			(664	)		–		19,773
Net cash used in investing activities of discontinued operations		–			(384	)		–			–		(384	)
Net cash provided by (used in) investing activities		–			20,053			(664	)		–		19,389
Cash Flows from Financing Activities
Long-term debt payments		–			(58,967	)		–			–		(58,967	)
Proceeds from long-term debt		–			8,559			–			–		8,559
Purchase of treasury stock at market prices		(1,114	)		–			–			–		(1,114	)
Payment of deferred financing fees		–			(164	)		–			–		(164	)
Intercompany financing		16,187			(11,870	)		(4,317	)		–		–
Excess tax benefit from stock compensation		54			–			–			–		54
Net proceeds from issuance of common stock		270			–			–			–		270
Net cash provided by (used in) financing activities		15,397			(62,442	)		(4,317	)		–		(51,362	)
Effect of exchange rate changes on cash		–			–			(126	)		–		(126	)
Net increase in cash and cash equivalents		–			36,244			1,026			–		37,270
Cash and cash equivalents at beginning of year		–			10,105			13,491			–		23,596
Cash and cash equivalents at end of period		$ –		$	46,349		$	14,517		$	–	$	60,866

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2009 (in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries
										Eliminations		Total
Net cash (used in) provided by operating activities of continuing operations	$	(15,384	)	$	96,217		$	8,036		$	–	$	88,869
Net cash provided by operating activities of discontinued operations		–			41,430			820			–		42,250
Net cash (used in) provided by operating activities		(15,384	)		137,647			8,856			–		131,119
Cash Flows from Investing Activities
Purchases of property, plant, and equipment		–			(8,905	)		(886	)		–		(9,791	)
Cash paid for acquisitions, net of cash acquired		–			(4,949	)		–			–		(4,949	)
Net proceeds from sale of property and equipment		–			265			27			–		292
Net cash used in investing activities of continuing operations		–			(13,589	)		(859	)		–		(14,448	)
Net cash used in investing activities of discontinued operations		–			(1,015	)		–			–		(1,015	)
Net cash used in investing activities		–			(14,604	)		(859	)		–		(15,463	)
Cash Flows from Financing Activities
Long-term debt payments		–			(182,401	)		–			–		(182,401	)
Proceeds from long-term debt		–			83,022			–			–		83,022
Payment of deferred financing fees		–			(2,383	)		–			–		(2,383	)
Payment of dividends		(1,499	)		–			–			–		(1,499	)
Purchase of treasury stock at market prices		(634	)		–			–			–		(634	)
Intercompany financing		17,470			(12,957	)		(4,513	)		–		–
Net proceeds from issuance of common stock		47			–			–			–		47
Net cash provided by (used in) financing activities		15,384			(114,719	)		(4,513	)		–		(103,848	)
Effect of exchange rate changes on cash		–			–			480			–		480
Net increase in cash and cash equivalents		–			8,324			3,964			–		12,288
Cash and cash equivalents at beginning of year		–			1,781			9,527			–		11,308
Cash and cash equivalents at end of period		$ –		$	10,105		$	13,491		$	–	$	23,596

Quarterly Unaudited Financial Data

	2011 Quarters Ended
	March 31		June 30		Sept. 30			Dec. 31			Total
Net sales	$	163,563	$	208,807	$	220,096		$	174,141		$	766,607
Gross profit	$	30,045	$	45,428	$	42,963		$	26,679		$	145,115
Income (loss) from operations	$	7,222	$	17,390	$	18,361		$	(6,815	)	$	36,158
Interest expense	$	4,454	$	4,998	$	4,869		$	5,042		$	19,363
Income (loss) from continuing operations	$	1,441	$	7,246	$	7,383		$	(6,854	)	$	9,216
Income (loss) from discontinued operations	$	6,968	$	559	$	(469	)	$	249		$	7,307
Net income (loss)	$	8,409	$	7,805	$	6,914		$	(6,605	)	$	16,523
Income (loss) per share from continuing operations:
Basic	$	0.05	$	0.24	$	0.24		$	(0.22	)	$	0.30
Diluted	$	0.05	$	0.24	$	0.24		$	(0.22	)	$	0.30
Income (loss) per share from discontinued operations:
Basic	$	0.23	$	0.02	$	(0.01	)	$	0.00		$	0.24
Diluted	$	0.22	$	0.01	$	(0.01	)	$	0.00		$	0.24
	2010 Quarters Ended
	March 31			June 30		Sept. 30		Dec. 31			Total
Net sales	$	146,674		$	176,924	$	169,741	$	144,115		$	637,454
Gross profit	$	26,457		$	33,981	$	27,498	$	15,932		$	103,868
Intangible asset impairment	$	(177)		$	–	$	–	$	77,141		$	76,964
Income (loss) from operations	$	2,185		$	9,437	$	4,236	$	(88,500	)	$	(72,642	)
Interest expense	$	6,570		$	4,352	$	4,429	$	4,363		$	19,714
(Loss) income from continuing operations	$	(2,392	)	$	2,593	$	781	$	(76,338	)	$	(75,356	)
(Loss) income from discontinued operations	$	(18,839	)	$	888	$	416	$	1,823		$	(15,712	)
Net (loss) income	$	(21,231	)	$	3,481	$	1,197	$	(74,515	)	$	(91,068	)
(Loss) income per share from continuing operations:
Basic	$	(0.08	)	$	0.09	$	0.03	$	(2.52	)	$	(2.49	)
Diluted	$	(0.08	)	$	0.09	$	0.03	$	(2.52	)	$	(2.49	)
(Loss) income per share from discontinued operations:
Basic	$	(0.62	)	$	0.02	$	0.01	$	0.06		$	(0.52	)
Diluted	$	(0.62	)	$	0.02	$	0.01	$	0.06		$	(0.52	)