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Financial Information For Subsidiary Issuers, Guarantor and Non-Guarantor Subsidiaries
12 Months Ended
Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Financial Information For Subsidiary Issuers Guarantor and Non-Guarantor Subsidiaries Disclosure [Text Block]
Financial Information for Subsidiary Issuers, Guarantor and Non-Guarantor Subsidiaries
Cenveo is a holding company (the “Parent Company”), which is the ultimate parent of all Cenveo subsidiaries. The Parent Company’s wholly owned subsidiary, Cenveo Corporation (the “Subsidiary Issuer”), issued the 77/8% Notes, the 87/8% Notes and, in connection with an acquisition, assumed the 83/8% Notes (collectively, the “Subsidiary Issuer Notes”), which are fully and unconditionally guaranteed, on a joint and several basis, by the Parent Company and substantially all of its wholly-owned subsidiaries (the “Guarantor Subsidiaries”).
Presented below is condensed consolidating financial information for the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries for the three years ended 2011, 2010 and 2009. The condensed consolidating financial information has been presented to show the nature of assets held, results of operations and cash flows of the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, assuming the guarantee structure of the Subsidiary Issuer Notes was in effect at the beginning of the periods presented.
The supplemental condensed consolidating financial information reflects the investments of the Parent Company in the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries using the equity method of accounting. The Company’s primary transactions with its subsidiaries other than the investment account and related equity in net income (loss) of unconsolidated subsidiaries are the intercompany payables and receivables between its subsidiaries.
CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
2011
(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
16,033

 
$
280

 
$
1,440

 
$
—

 
$
17,753

Accounts receivable, net
—

 
113,368

 
174,003

 
1,112

 
—

 
288,483

Inventories
—

 
63,234

 
70,434

 
128

 
—

 
133,796

Notes receivable from subsidiaries
—

 
40,838

 
—

 
—

 
(40,838
)
 
—

Prepaid and other current assets
—

 
57,967

 
10,953

 
3,822

 
—

 
72,742

Assets of discontinued operations - current
—

 
9,455

 
13,501

 
—

 
—

 
22,956

Total current assets
—

 
300,895

 
269,171

 
6,502

 
(40,838
)
 
535,730

 
 
 
 
 
 
 
 
 
 
 
 
Investment in subsidiaries
(381,704
)
 
1,681,084

 
7,399

 
6,725

 
(1,313,504
)
 
—

Property, plant and equipment, net
—

 
96,680

 
229,932

 
1,955

 
—

 
328,567

Goodwill
—

 
29,244

 
155,361

 
6,217

 
—

 
190,822

Other intangible assets, net
—

 
6,785

 
214,435

 
2,343

 
—

 
223,563

Other assets, net
—

 
107,286

 
(29,400
)
 
1,604

 
—

 
79,490

Assets of discontinued operations - long-term
—

 
5,717

 
21,699

 
—

 
—

 
27,416

Total assets
$
(381,704
)
 
$
2,227,691

 
$
868,597

 
$
25,346

 
$
(1,354,342
)
 
$
1,385,588

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Shareholders’ (Deficit) Equity
 

 
 

 
 

 
 

 
 

 
 

Current liabilities:
 

 
 

 
 

 
 

 
 

 
 

Current maturities of long-term debt
$
—

 
$
4,109

 
$
4,700

 
$
—

 
$
—

 
$
8,809

Accounts payable
—

 
94,503

 
91,311

 
834

 
—

 
186,648

Accrued compensation and related liabilities
—

 
26,173

 
12,760

 
222

 
—

 
39,155

Other current liabilities
—

 
72,813

 
22,634

 
460

 
—

 
95,907

Liabilities of discontinued operations - current
—

 
2,492

 
2,854

 
—

 
—

 
5,346

Intercompany payable (receivable)
—

 
1,005,396

 
(1,011,202
)
 
5,806

 
—

 
—

Notes payable to issuer
—

 
—

 
36,938

 
3,900

 
(40,838
)
 
—

Total current liabilities
—

 
1,205,486

 
(840,005
)
 
11,222

 
(40,838
)
 
335,865

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
1,227,238

 
10,296

 
—

 
—

 
1,237,534

Other liabilities
—

 
175,088

 
10,331

 
—

 
—

 
185,419

Liabilities of discontinued operations - long-term
—

 
1,583

 
6,891

 
—

 
—

 
8,474

Shareholders’ (deficit) equity
(381,704
)
 
(381,704
)
 
1,681,084

 
14,124

 
(1,313,504
)
 
(381,704
)
Total liabilities and shareholders’ (deficit) equity
$
(381,704
)
 
$
2,227,691

 
$
868,597

 
$
25,346

 
$
(1,354,342
)
 
$
1,385,588

CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended 2011

(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
726,420

 
$
1,164,013

 
$
18,754

 
$
—

 
$
1,909,187

Cost of sales
—

 
595,529

 
935,360

 
15,284

 
—

 
1,546,173

Selling, general and administrative expenses
—

 
118,807

 
97,247

 
1,082

 
—

 
217,136

Amortization of intangible assets
—

 
426

 
9,344

 
536

 
—

 
10,306

Restructuring, impairment and other charges
—

 
8,773

 
9,010

 
29

 
—

 
17,812

Operating income (loss)
—

 
2,885

 
113,052

 
1,823

 
—

 
117,760

Gain on bargain purchase
—

 
(11,720
)
 
—

 
—

 
—

 
(11,720
)
Interest expense, net
—

 
115,307

 
712

 
(51
)
 
—

 
115,968

Intercompany interest expense (income)
—

 
(1,180
)
 
975

 
205

 
—

 
—

Gain on early extinguishment of debt
—

 
(4,011
)
 
—

 
—

 
—

 
(4,011
)
Other (income) expense, net
—

 
9,832

 
378

 
(1,136
)
 
—

 
9,074

  Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries
—

 
(105,343
)
 
110,987

 
2,805

 
—

 
8,449

Income tax expense (benefit)
—

 
16,226

 
(8,396
)
 
1,647

 
—

 
9,477

  Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries
—

 
(121,569
)
 
119,383

 
1,158

 
—

 
(1,028
)
Equity in income of unconsolidated subsidiaries
(8,565
)
 
111,454

 
1,158

 
—

 
(104,047
)
 
—

Income (loss) from continuing operations
(8,565
)
 
(10,115
)
 
120,541

 
1,158

 
(104,047
)
 
(1,028
)
Income from discontinued operations, net of taxes
—

 
1,550

 
(9,087
)
 
—

 
—

 
(7,537
)
Net income (loss)
$
(8,565
)
 
$
(8,565
)
 
$
111,454

 
$
1,158

 
$
(104,047
)
 
$
(8,565
)
CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended 2011

 (in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) continuing operating activities
$
8,716

 
$
(105,375
)
 
$
178,872

 
$
1,605

 
$
—

 
$
83,818

Net cash (used in) provided by discontinued operating activities
—

 
3,886

 
(7,382
)
 
—

 
—

 
(3,496
)
Net cash provided by (used in) operating activities
8,716

 
(101,489
)
 
171,490

 
1,605

 
—

 
80,322

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Cost of business acquisitions, net of cash acquired
—

 
(59,719
)
 
—

 
—

 
—

 
(59,719
)
Capital expenditures
—

 
(9,972
)
 
(5,004
)
 
(695
)
 
—

 
(15,671
)
Proceeds from sale of property, plant and equipment
—

 
1,298

 
9,816

 
—

 
—

 
11,114

Intercompany note
—

 
5,600

 
—

 
—

 
(5,600
)
 
—

Net cash (used in) provided by investing activities of continuing operations
—

 
(62,793
)
 
4,812

 
(695
)
 
(5,600
)
 
(64,276
)
Net cash used in investing activities of discontinued operations
—

 
(536
)
 
—

 
—

 
—

 
(536
)
Net cash (used in) provided by investing activities
—

 
(63,329
)
 
4,812

 
(695
)
 
(5,600
)
 
(64,812
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Repayment of Term Loan B due 2016
—

 
(23,800
)
 
—

 
—

 
—

 
(23,800
)
Repayment of 77/8% senior subordinated notes
—

 
(8,952
)
 
—

 
—

 
—

 
(8,952
)
Repayment of 83/8% senior subordinated notes
—

 
(5,363
)
 
—

 
—

 
—

 
(5,363
)
Repayments of other long-term debt
—

 
(107
)
 
(6,296
)
 
—

 
—

 
(6,403
)
Payment of financing related costs and expenses
—

 
(2,675
)
 
—

 
—

 
—

 
(2,675
)
Purchase and retirement of common stock upon vesting of RSUs
(1,283
)
 
—

 
—

 
—

 
—

 
(1,283
)
Proceeds from exercise of stock options
356

 
—

 
—

 
—

 
—

 
356

Intercompany note
—

 
—

 
—

 
(5,600
)
 
5,600

 
—

Intercompany advances
(7,789
)
 
174,867

 
(170,730
)
 
3,652

 
—

 
—

Net cash (used in) provided by financing activities
(8,716
)
 
133,970

 
(177,026
)
 
(1,948
)
 
5,600

 
(48,120
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
—

 
614

 
—

 
614

Net decrease in cash and cash equivalents
—

 
(30,848
)
 
(724
)
 
(424
)
 
—

 
(31,996
)
Cash and cash equivalents at beginning of year
—

 
46,881

 
1,004

 
1,864

 
—

 
49,749

Cash and cash equivalents at end of year
$
—

 
$
16,033

 
$
280

 
$
1,440

 
$
—

 
$
17,753

CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEET
2010
(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
46,881

 
$
1,004

 
$
1,864

 
$
—

 
$
49,749

Accounts receivable, net
—

 
99,985

 
149,515

 
4,953

 
—

 
254,453

Inventories
—

 
62,596

 
71,081

 
1,395

 
—

 
135,072

Notes receivable from subsidiaries
—

 
46,438

 
—

 
—

 
(46,438
)
 
—

Prepaid and other current assets
—

 
54,484

 
6,664

 
4,467

 
—

 
65,615

Assets held for sale - current
—

 
9,854

 
13,664

 
—

 
—

 
23,518

Total current assets
—

 
320,238

 
241,928

 
12,679

 
(46,438
)
 
528,407

 
 
 
 
 
 
 
 
 
 
 
 
Investment in subsidiaries
(341,331
)
 
1,514,329

 
11,239

 
6,725

 
(1,190,962
)
 
—

Property, plant and equipment, net
—

 
103,719

 
230,997

 
1,280

 
—

 
335,996

Goodwill
—

 
29,244

 
156,647

 
7,020

 
—

 
192,911

Other intangible assets, net
—

 
7,188

 
220,922

 
3,182

 
—

 
231,292

Other assets, net
—

 
113,886

 
(41,349
)
 
2,183

 
—

 
74,720

Assets held for sale - long-term
—

 
6,301

 
37,284

 
—

 
—

 
43,585

Total assets
$
(341,331
)
 
$
2,094,905

 
$
857,668

 
$
33,069

 
$
(1,237,400
)
 
$
1,406,911

 
 
 
 
 
 
 
 
 
 
 
 
Liabilities and Shareholders’ (Deficit) Equity
 

 
 

 
 

 
 

 
 

 
 

Current liabilities:
 

 
 

 
 

 
 

 
 

 
 

Current maturities of long-term debt
$
—

 
$
3,896

 
$
6,202

 
$
—

 
$
—

 
$
10,098

Accounts payable
—

 
80,239

 
82,320

 
781

 
—

 
163,340

Accrued compensation and related liabilities
—

 
17,249

 
12,640

 
372

 
—

 
30,261

Other current liabilities
—

 
70,780

 
24,718

 
2,298

 
—

 
97,796

Liabilities of discontinued operations - current
—

 
2,477

 
1,739

 
—

 
—

 
4,216

Intercompany payable (receivable)
—

 
847,200

 
(849,354
)
 
2,154

 
—

 
—

Notes payable to issuer
—

 
—

 
36,938

 
9,500

 
(46,438
)
 
—

Total current liabilities
—

 
1,021,841

 
(684,797
)
 
15,105

 
(46,438
)
 
305,711

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
1,268,816

 
15,089

 
—

 
—

 
1,283,905

Other liabilities
—

 
143,949

 
5,430

 
—

 
—

 
149,379

Liabilities of discontinued operations - long-term
—

 
1,630

 
7,617

 
—

 
—

 
9,247

Shareholders’ (deficit) equity
(341,331
)
 
(341,331
)
 
1,514,329

 
17,964

 
(1,190,962
)
 
(341,331
)
Total liabilities and shareholders’ (deficit) equity
$
(341,331
)
 
$
2,094,905

 
$
857,668

 
$
33,069

 
$
(1,237,400
)
 
$
1,406,911

CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended 2010
(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
681,636

 
$
1,000,555

 
$
26,338

 
$
—

 
$
1,708,529

Cost of sales
—

 
570,082

 
797,747

 
17,873

 
—

 
1,385,702

Selling, general and administrative expenses
—

 
106,469

 
95,840

 
1,674

 
—

 
203,983

Amortization of intangible assets
—

 
421

 
9,949

 
268

 
—

 
10,638

Restructuring, impairment and other charges
—

 
25,415

 
200,735

 
—

 
—

 
226,150

Operating income (loss)
—

 
(20,751
)
 
(103,716
)
 
6,523

 
—

 
(117,944
)
Interest expense, net
—

 
119,965

 
1,161

 
(89
)
 
—

 
121,037

Intercompany interest expense (income)
—

 
(1,116
)
 
990

 
126

 
—

 
—

Loss on early extinguishment of debt
—

 
9,592

 
—

 
—

 
—

 
9,592

Other (income) expense, net
—

 
1,137

 
923

 
267

 
—

 
2,327

  Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries
—

 
(150,329
)
 
(106,790
)
 
6,219

 
—

 
(250,900
)
Income tax expense (benefit)
—

 
(26,254
)
 
(27,341
)
 
393

 
—

 
(53,202
)
  Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries
—

 
(124,075
)
 
(79,449
)
 
5,826

 
—

 
(197,698
)
Equity in income of unconsolidated subsidiaries
(186,377
)
 
(67,754
)
 
5,826

 
—

 
248,305

 
—

Income (loss) from continuing operations
(186,377
)
 
(191,829
)
 
(73,623
)
 
5,826

 
248,305

 
(197,698
)
Income from discontinued operations, net of taxes
—

 
5,452

 
5,869

 
—

 
—

 
11,321

Net income (loss)
$
(186,377
)
 
$
(186,377
)
 
$
(67,754
)
 
$
5,826

 
$
248,305

 
$
(186,377
)
CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended 2010

 (in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) continuing operating activities
$
10,853

 
$
(100,348
)
 
$
132,389

 
$
6,862

 
$
—

 
$
49,756

Net cash provided by discontinued operating activities
—

 
2,710

 
6,120

 
—

 
—

 
8,830

Net cash provided by (used in) operating activities
10,853

 
(97,638
)
 
138,509

 
6,862

 
—

 
58,586

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Cost of business acquisitions, net of cash acquired
—

 
(27,373
)
 
—

 
(13,172
)
 
—

 
(40,545
)
Capital expenditures
—

 
(9,400
)
 
(8,752
)
 
—

 
—

 
(18,152
)
Proceeds from sale of property, plant and equipment
—

 
2,297

 
1,242

 
—

 
—

 
3,539

Intercompany note
—

 
(9,500
)
 
—

 
—

 
9,500

 
—

Net cash (used in) provided by investing activities of continuing operations
—

 
(43,976
)
 
(7,510
)
 
(13,172
)
 
9,500

 
(55,158
)
Net cash used in investing activities of discontinued operations
—

 
(857
)
 
(22
)
 
—

 
—

 
(879
)
Net cash (used in) provided by investing activities
—

 
(44,833
)
 
(7,532
)
 
(13,172
)
 
9,500

 
(56,037
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Proceeds from issuance of 87/8% senior secured lien notes
—

 
397,204

 
—

 
—

 
—

 
397,204

Proceeds from issuance of Term Loan B
—

 
376,200

 
—

 
—

 
—

 
376,200

Proceeds from exercise of stock options
1,030

 
—

 
—

 
—

 
—

 
1,030

Repayment of Term Loans
—

 
(683,306
)
 
—

 
—

 
—

 
(683,306
)
Payment of financing related costs and expenses
—

 
(23,154
)
 
—

 
—

 
—

 
(23,154
)
Repayment under revolving credit facility, net
—

 
(22,500
)
 
—

 
—

 
—

 
(22,500
)
Repayments of other long-term debt
—

 
(80
)
 
(7,555
)
 
—

 
—

 
(7,635
)
Purchase and retirement of common stock upon vesting of RSUs
(1,597
)
 
—

 
—

 
—

 
—

 
(1,597
)
Intercompany note
—

 
—

 
—

 
9,500

 
(9,500
)
 
—

Intercompany advances
(10,286
)
 
136,019

 
(123,134
)
 
(2,599
)
 
—

 
—

Net cash provided by (used in) financing activities
(10,853
)
 
180,383

 
(130,689
)
 
6,901

 
(9,500
)
 
36,242

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(43
)
 
212

 
—

 
169

Net increase in cash and cash equivalents
—

 
37,912

 
245

 
803

 
—

 
38,960

Cash and cash equivalents at beginning of year
—

 
8,969

 
759

 
1,061

 
—

 
10,789

Cash and cash equivalents at end of year
$
—

 
$
46,881

 
$
1,004

 
$
1,864

 
$
—

 
$
49,749

CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
For the year ended 2009
(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
709,030

 
$
886,290

 
$
19,276

 
$
—

 
$
1,614,596

Cost of sales
—

 
600,932

 
704,075

 
12,436

 
—

 
1,317,443

Selling, general and administrative expenses
—

 
116,219

 
86,147

 
425

 
—

 
202,791

Amortization of intangible assets
—

 
425

 
8,753

 
—

 
—

 
9,178

Restructuring, impairment and other charges
—

 
43,651

 
24,383

 
—

 
—

 
68,034

Operating income (loss)
—

 
(52,197
)
 
62,932

 
6,415

 
—

 
17,150

Interest expense, net
—

 
104,585

 
1,538

 
(60
)
 
—

 
106,063

Intercompany interest expense (income)
—

 
(1,042
)
 
1,042

 
—

 
—

 
—

Gain on early extinguishment of debt
—

 
(16,917
)
 
—

 
—

 
—

 
(16,917
)
Other (income) expense, net
—

 
932

 
(2,587
)
 
288

 
—

 
(1,367
)
  Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries
—

 
(139,755
)
 
62,939

 
6,187

 
—

 
(70,629
)
Income tax expense (benefit)
—

 
(1,432
)
 
(22,946
)
 
2,785

 
—

 
(21,593
)
  Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries
—

 
(138,323
)
 
85,885

 
3,402

 
—

 
(49,036
)
Equity in income of unconsolidated
    subsidiaries
(30,939
)
 
94,885

 
3,402

 
—

 
(67,348
)
 
—

Income (loss) from continuing operations
(30,939
)
 
(43,438
)
 
89,287

 
3,402

 
(67,348
)
 
(49,036
)
Income from discontinued operations, net of taxes
—

 
12,499

 
5,598

 
—

 
—

 
18,097

Net income (loss)
$
(30,939
)
 
$
(30,939
)
 
$
94,885

 
$
3,402

 
$
(67,348
)
 
$
(30,939
)
CENVEO, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
For the year ended 2009
(in thousands)
 
Parent
Company
 
Subsidiary
Issuer
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash flows from operating activities:
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) continuing operating activities
$
14,274

 
$
(83,288
)
 
$
130,542

 
$
2,702

 
$
—

 
$
64,230

Net cash provided by discontinued operating activities
—

 
3,848

 
3,975

 
—

 
—

 
7,823

Net cash provided by (used in) operating activities
14,274

 
(79,440
)
 
134,517

 
2,702

 
—

 
72,053

Cash flows from investing activities:
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures
—

 
(8,729
)
 
(16,306
)
 
—

 
—

 
(25,035
)
Cost of business acquisitions, net of cash acquired
—

 
(3,189
)
 
—

 
—

 
—

 
(3,189
)
Intercompany note
—

 
2,257

 
—

 
—

 
(2,257
)
 
—

Investment in guarantor subsidiary preferred shares
—

 
—

 
—

 
(6,725
)
 
6,725

 
—

Proceeds from sale of property, plant and equipment
—

 
13,041

 
1,578

 
—

 
—

 
14,619

Proceeds from sale of investment
—

 
—

 
4,032

 
—

 
—

 
4,032

Net cash (used in) provided by investing activities of continuing operations
—

 
3,380

 
(10,696
)
 
(6,725
)
 
4,468

 
(9,573
)
Net cash used in investing activities of discontinued operations
—

 
(134
)
 
(58
)
 
—

 
—

 
(192
)
Net cash (used in) provided by investing activities
—

 
3,246


(10,754
)

(6,725
)

4,468

 
(9,765
)
Cash flows from financing activities:
 

 
 

 
 

 
 

 
 

 
 

Repayment of Term Loans
—

 
(24,594
)
 
—

 
—

 
—

 
(24,594
)
Repayment of 83/8% senior subordinated notes
—

 
(23,024
)
 
—

 
—

 
—

 
(23,024
)
Repayments of other long-term debt
—

 
(385
)
 
(11,793
)
 
—

 
—

 
(12,178
)
Payment of financing related costs and expenses
—

 
(7,390
)
 
—

 
—

 
—

 
(7,390
)
Repayment of 77/8% senior subordinated notes
—

 
(4,295
)
 
—

 
—

 
—

 
(4,295
)
Repayment of 101/2% senior notes
—

 
(3,250
)
 
—

 
—

 
—

 
(3,250
)
Purchase and retirement of common stock upon vesting of RSUs
(2,050
)
 
—

 
—

 
—

 
—

 
(2,050
)
Borrowings under revolving credit facility, net
—

 
14,500

 
—

 
—

 
—

 
14,500

Proceeds from exercise of stock options
539

 
—

 
—

 
—

 
—

 
539

Proceeds from issuance of preferred shares
—

 
—

 
6,725

 
—

 
(6,725
)
 
—

Intercompany note
—

 
—

 
(2,257
)
 
—

 
2,257

 
—

Intercompany advances
(12,763
)
 
128,888

 
(116,427
)
 
302

 
—

 
—

Net cash (used in) provided by financing activities
(14,274
)
 
80,450

 
(123,752
)
 
302

 
(4,468
)
 
(61,742
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(299
)
 
106

 
—

 
(193
)
Net increase (decrease) in cash and cash equivalents
—

 
4,256

 
(288
)
 
(3,615
)
 
—

 
353

Cash and cash equivalents at beginning of year
—

 
4,713

 
1,047

 
4,676

 
—

 
10,436

Cash and cash equivalents at end of year
$
—

 
$
8,969

 
$
759

 
$
1,061

 
$
—

 
$
10,789