Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2014

Supplemental Financial Information [Abstract]

Schedule Of Consolidating Statements Of Operations

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2014 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	172,781		$	22,919		$	(4,668	)	$	191,032
Cost of sales		–			145,161			20,494			(4,487	)		161,168
Gross profit		–			27,620			2,425			(181	)		29,864
Selling, general, and administrative expense		36			27,763			1,732			–			29,531
(Loss) income from operations		(36	)		(143	)		693			(181	)		333
Interest expense (income)		3,361			314			(35	)		–			3,640
Other expense		–			30			–			–			30
(Loss) income before taxes		(3,397	)		(487	)		728			(181	)		(3,337	)
(Benefit of) provision for income taxes		(1,177	)		(234	)		160			–			(1,251	)
(Loss) income from continuing operations		(2,220	)		(253	)		568			(181	)		(2,086	)
Discontinued operations:
Loss from discontinued operations before taxes		–			–			–			–			–
Benefit of income taxes		–			–			–			–			–
Loss from discontinued operations		–			–			–			–			–
Equity in earnings from subsidiaries		315			568			–			(883	)		–
Net (loss) income	$	(1,905	)	$	315		$	568		$	(1,064	)	$	(2,086	)

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales		$ –		$	178,049		$	23,217		$	(4,465	)	$	196,801
Cost of sales		–			144,395			20,484			(4,255	)		160,624
Gross profit		–			33,654			2,733			(210	)		36,177
Selling, general, and administrative expense		158			28,881			1,942			–			30,981
(Loss) income from operations		(158	)		4,773			791			(210	)		5,196
Interest expense (income)		10,883			308			(31	)		–			11,160
Other income		–			(66	)		–			–			(66	)
(Loss) income before taxes		(11,041	)		4,531			822			(210	)		(5,898	)
(Benefit of) provision for income taxes		(4,197	)		1,758			184			–			(2,255	)
(Loss) income from continuing operations		(6,844	)		2,773			638			(210	)		(3,643	)
Discontinued operations:
Loss from discontinued operations before taxes		–			(7	)		–			–			(7	)
Benefit of income taxes		–			(3	)		–			–			(3	)
Loss from discontinued operations		–			(4	)		–			–			(4	)
Equity in earnings from subsidiaries		3,407			638			–			(4,045	)		–
Net (loss) income	$	(3,437	)	$	3,407		$	638		$	(4,255	)	$	(3,647	)

Schedule Of Consolidating Statements Of Comprehensive Income

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2014 (in thousands)

		Gibraltar			Guarantor		Non-Guarantor
		Industries, Inc.			Subsidiaries		Subsidiaries			Eliminations			Total
Net (loss) income	$	(1,905	)	$	315	$	568		$	(1,064	)	$	(2,086	)
Other comprehensive (loss) income:
Foreign currency translation adjustment		–			–		(904	)		–			(904	)
Adjustment to retirement benefit liability, net of tax		–			2		–			–			2
Adjustment to post-retirement health care liability, net of tax		–			19		–			–			19
Other comprehensive income (loss)		–			21		(904	)		–			(883	)
Total comprehensive (loss) income	$	(1,905	)	$	336	$	(336	)	$	(1,064	)	$	(2,969	)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

		Gibraltar			Guarantor		Non-Guarantor
		Industries, Inc.			Subsidiaries		Subsidiaries			Eliminations			Total
Net (loss) income	$	(3,437	)	$	3,407	$	638		$	(4,255	)	$	(3,647	)
Other comprehensive (loss) income:
Foreign currency translation adjustment		–			–		(3,097	)		–			(3,097	)
Adjustment to retirement benefit liability, net of tax		–			2		–			–			2
Adjustment to post-retirement health care liability, net of tax		–			38		–			–			38
Other comprehensive income (loss)		–			40		(3,097	)		–			(3,057	)
Total comprehensive (loss) income	$	(3,437	)	$	3,447	$	(2,459	)	$	(4,255	)	$	(6,704	)

Schedule Of Consolidating Balance Sheets

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

MARCH 31, 2014 (in thousands)

		Gibraltar		Guarantor			Non-Guarantor
		Industries, Inc.		Subsidiaries			Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	57,601		$	20,585		$	–		$	78,186
Accounts receivable, net		–		94,937			11,702			–			106,639
Intercompany balances		25,306		(2,582	)		(22,724	)		–			–
Inventories		–		117,693			9,507			–			127,200
Other current assets		1,245		14,497			1,061			–			16,803
Total current assets		26,551		282,146			20,131			–			328,828
Property, plant, and equipment, net		–		117,395			13,081			–			130,476
Goodwill		–		334,123			6,819			–			340,942
Acquired intangibles		–		84,667			5,627			–			90,294
Other assets		3,294		3,201			–			–			6,495
Investment in subsidiaries		651,528		32,499			–			(684,027	)		–
	$	681,373	$	854,031		$	45,658		$	(684,027	)	$	897,035
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	75,171		$	7,642		$	–		$	82,813
Accrued expenses		1,885		38,225			2,629			–			42,739
Current maturities of long-term debt		–		405			–			–			405
Total current liabilities		1,885		113,801			10,271			–			125,957
Long-term debt		210,000		3,600			–			–			213,600
Deferred income taxes		–		52,759			2,354			–			55,113
Other non-current liabilities		–		32,343			534			–			32,877
Shareholders' equity		469,488		651,528			32,499			(684,027	)		469,488
	$	681,373	$	854,031		$	45,658		$	(684,027	)	$	897,035

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2013 (in thousands)

		Gibraltar		Guarantor			Non-Guarantor
		Industries, Inc.		Subsidiaries			Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	75,856		$	21,183		$	–		$	97,039
Accounts receivable, net		–		79,356			10,726			–			90,082
Intercompany balances		23,618		(1,655	)		(21,963	)		–			–
Inventories		–		111,676			9,476			–			121,152
Other current assets		7,578		5,722			827			–			14,127
Total current assets		31,196		270,955			20,249			–			322,400
Property, plant, and equipment, net		–		119,587			12,165			–			131,752
Goodwill		–		334,123			7,051			–			341,174
Acquired intangibles		–		86,014			5,763			–			91,777
Other assets		3,415		3,643			1			–			7,059
Investment in subsidiaries		652,689		33,259			–			(685,948	)		–
	$	687,300	$	847,581		$	45,229		$	(685,948	)	$	894,162
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	62,464		$	7,161		$	–		$	69,625
Accrued expenses		5,551		42,418			1,910			–			49,879
Current maturities of long-term debt		–		409			–			–			409
Total current liabilities		5,551		105,291			9,071			–			119,913
Long-term debt		210,000		3,598			–			–			213,598
Deferred income taxes		–		52,746			2,378			–			55,124
Other non-current liabilities		–		33,257			521			–			33,778
Shareholders' equity		471,749		652,689			33,259			(685,948	)		471,749
	$	687,300	$	847,581		$	45,229		$	(685,948	)	$	894,162

Schedule Of Condensed Consolidating Statements Of Cash Flows

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2014 (in thousands)

		Gibraltar						Non -
		Industries,			Guarantor			Guarantor
		Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities of continuing operations	$	(6,639	)	$	(8,985	)	$	998		$ –	$	(14,626	)
Net cash used in operating activities of discontinued operations		–			–			–		–		–
Net cash (used in) provided by operating activities		(6,639	)		(8,985	)		998		–		(14,626	)
Cash Flows from Investing Activities
Purchases of property, plant, and equipment		–			(2,474	)		(1,582	)	–		(4,056	)
Net proceeds from sale of property and equipment		–			135			2		–		137
Net cash used in investing activities		–			(2,339	)		(1,580	)	–		(3,919	)
Cash Flows from Financing Activities
Long-term debt payments		–			(2	)		–		–		(2	)
Purchase of treasury stock at market prices		(408	)		–			–		–		(408	)
Net proceeds from issuance of common stock		365			–			–		–		365
Intercompany financing		6,591			(6,929	)		338		–		–
Excess tax benefit from stock compensation		91			–			–		–		91
Net cash provided by (used in) financing activities		6,639			(6,931	)		338		–		46
Effect of exchange rate changes on cash		–			–			(354	)	–		(354	)
Net decrease in cash and cash equivalents		–			(18,255	)		(598	)	–		(18,853	)
Cash and cash equivalents at beginning of year		–			75,856			21,183		–		97,039
Cash and cash equivalents at end of period		$ –		$	57,601		$	20,585		$ –	$	78,186

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

								Non-
		Gibraltar			Guarantor			Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities of continuing operations	$	(2,878	)	$	(10,125	)	$	316		$ –	$	(12,687	)
Net cash used in operating activities of discontinued operations		–			(7	)		–		–		(7	)
Net cash (used in) provided by operating activities		(2,878	)		(10,132	)		316		–		(12,694	)
Cash Flows from Investing Activities
Purchases of property, plant, and equipment		–			(1,641	)		(338	)	–		(1,979	)
Net proceeds from sale of property and equipment		–			127			–		–		127
Net cash used in investing activities		–			(1,514	)		(338	)	–		(1,852	)
Cash Flows from Financing Activities
Long-term debt payments		(204,000	)		(678	)		–		–		(204,678	)
Proceeds from long-term debt		210,000			–			–		–		210,000
Payment of note redemption fees		(3,702	)		–			–		–		(3,702	)
Purchase of treasury stock at market prices		(636	)		–			–		–		(636	)
Payment of deferred financing costs		(3,705	)		(6	)		–		–		(3,711	)
Net proceeds from issuance of common stock		327			–			–		–		327
Intercompany financing		4,511			(4,458	)		(53	)	–		–
Excess tax benefit from stock compensation		83			–			–		–		83
Net cash provided by (used in) financing activities		2,878			(5,142	)		(53	)	–		(2,317	)
Effect of exchange rate changes on cash		–			–			(877	)	–		(877	)
Net decrease in cash and cash equivalents		–			(16,788	)		(952	)	–		(17,740	)
Cash and cash equivalents at beginning of year		–			26,163			21,865		–		48,028
Cash and cash equivalents at end of period	$	–		$	9,375		$	20,913		$ –	$	30,288