Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Balance Sheet [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	11,217		$	551		$	2,299	$	—		$	14,067
Accounts receivable, net	—			94,112			167,916			1,140		—			263,168
Inventories	—			58,286			72,696			120		—			131,102
Notes receivable from subsidiaries	—			40,838			—			—		(40,838		)	—
Prepaid and other current assets	—			49,515			11,444			3,860		—			64,819
Total current assets	—			253,968			252,607			7,419		(40,838		)	473,156
Investment in subsidiaries	(407,521		)	1,717,782			6,574			6,725		(1,323,560		)	—
Property, plant and equipment, net	—			92,563			210,020			1,546		—			304,129
Goodwill	—			29,540			155,681			5,934		—			191,155
Other intangible assets, net	—			6,828			209,044			2,009		—			217,881
Other assets, net	—			125,713			(39,502		)	1,664		—			87,875
Total assets	$	(407,521	)	$	2,226,394		$	794,424		$	25,297	$	(1,364,398	)	$	1,274,196
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	8,500		$	4,761		$	—	$	—		$	13,261
Accounts payable	—			98,308			72,066			124		—			170,498
Accrued compensation and related liabilities	—			16,428			11,045			581		—			28,054
Other current liabilities	—			56,163			19,976			648		—			76,787
Intercompany payable (receivable)	—			1,084,257			(1,091,002		)	6,745		—			—
Notes payable to issuer	—			—			36,938			3,900		(40,838		)	—
Total current liabilities	—			1,263,656			(946,216		)	11,998		(40,838		)	288,600
Long-term debt	—			1,202,201			7,904			—		—			1,210,105
Other liabilities	—			168,058			14,954			—		—			183,012
Shareholders’ (deficit) equity	(407,521		)	(407,521		)	1,717,782			13,299		(1,323,560		)	(407,521		)
Total liabilities and shareholders’ (deficit) equity	$	(407,521	)	$	2,226,394		$	794,424		$	25,297	$	(1,364,398	)	$	1,274,196

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 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

Condensed Consolidating Statement of Operations and Comprehensive Income [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended June 30, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	172,094		$	263,393		$	3,420		$	—		$	438,907
Cost of sales	—			143,277			210,570			3,501			—			357,348
Selling, general and administrative expenses	—			25,717			19,735			194			—			45,646
Amortization of intangible assets	—			137			2,315			134			—			2,586
Restructuring, impairment and other charges	—			1,370			2,956			28			—			4,354
Operating income (loss)	—			1,593			27,817			(437		)	—			28,973
Interest expense, net	—			28,648			155			(7		)	—			28,796
Intercompany interest expense (income)	—			(415		)	391			24			—			—
Loss on early extinguishment of debt, net	—			785			—			—			—			785
Other (income) expense, net	—			(839		)	87			(364		)	—			(1,116		)
Income (loss) from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(26,586		)	27,184			(90		)	—			508
Income tax expense (benefit)	—			1,124			(615		)	(39		)	—			470
Income (loss) from continuing operations before equity in income of unconsolidated subsidiaries	—			(27,710		)	27,799			(51		)	—			38
Equity in income of unconsolidated subsidiaries	(401		)	27,682			(51		)	—			(27,230		)	—
Income (loss) from continuing operations	(401		)	(28		)	27,748			(51		)	(27,230		)	38
Loss from discontinued operations, net of taxes	—			(373		)	(66		)	—			—			(439		)
Net (loss) income	(401		)	(401		)	27,682			(51		)	(27,230		)	(401		)
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(2,202		)	(2,202		)	(2,284		)	—			6,688			—
Currency translation adjustment	—			—			82			(2,284		)	—			(2,202		)
Comprehensive (loss) income	$	(2,603	)	$	(2,603	)	$	25,480		$	(2,335	)	$	(20,542	)	$	(2,603	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the six months ended June 30, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	356,051		$	530,716		$	7,723		$	—		$	894,490
Cost of sales	—			297,434			427,976			6,941			—			732,351
Selling, general and administrative expenses	—			52,726			42,215			401			—			95,342
Amortization of intangible assets	—			307			4,634			268			—			5,209
Restructuring, impairment and other charges	—			1,526			16,756			94			—			18,376
Operating income	—			4,058			39,135			19			—			43,212
Interest expense, net	—			56,334			321			(7		)	—			56,648
Intercompany interest expense (income)	—			(688		)	639			49			—			—
Loss on early extinguishment of debt, net	—			11,414			—			—			—			11,414
Other (income) expense, net	—			(620		)	26			(224		)	—			(818		)
(Loss) income from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(62,382		)	38,149			201			—			(24,032		)
Income tax (benefit) expense	—			(3,145		)	1,698			(39		)	—			(1,486		)
(Loss) income from continuing operations before equity in income of unconsolidated subsidiaries	—			(59,237		)	36,451			240			—			(22,546		)
Equity in income of unconsolidated subsidiaries	(27,619		)	29,196			240			—			(1,817		)	—
(Loss) income from continuing operations	(27,619		)	(30,041		)	36,691			240			(1,817		)	(22,546		)
(Loss) income from discontinued operations, net of taxes	—			2,422			(7,495		)	—			—			(5,073		)
Net (loss) income	(27,619		)	(27,619		)	29,196			240			(1,817		)	(27,619		)
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	(758		)	(758		)	(1,065		)	—			2,581			—
Currency translation adjustment	—			—			307			(1,065		)	—			(758		)
Comprehensive (loss) income	$	(28,377	)	$	(28,377	)	$	28,438		$	(825	)	$	764		$	(28,377	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the three months ended July 2, 2011 (in thousands)
	Parent Company		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	168,199		$	296,642		$	5,058		$	—		$	469,899
Cost of sales	—		138,543			239,682			4,452			—			382,677
Selling, general and administrative expenses	—		28,140			24,485			278			—			52,903
Amortization of intangible assets	—		101			2,357			134			—			2,592
Restructuring, impairment and other charges	—		2,529			2,932			4			—			5,465
Operating income (loss)	—		(1,114		)	27,186			190			—			26,262
Gain on bargain purchase	—		(540		)	—			—			—			(540		)
Interest expense, net	—		29,220			200			(8		)	—			29,412
Intercompany interest expense (income)	—		(316		)	242			74			—			—
Other (income) expense, net	—		(69		)	255			(38		)	—			148
(Loss) income from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—		(29,409		)	26,489			162			—			(2,758		)
Income tax (benefit) expense	—		(1,581		)	310			65			—			(1,206		)
(Loss) income from continuing operations before equity in income of unconsolidated subsidiaries	—		(27,828		)	26,179			97			—			(1,552		)
Equity in income of unconsolidated subsidiaries	374		27,603			97			—			(28,074		)	—
(Loss) income from continuing operations	374		(225		)	26,276			97			(28,074		)	(1,552		)
Income from discontinued operations, net of taxes	—		599			1,327			—			—			1,926
Net income (loss)	374		374			27,603			97			(28,074		)	374
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	856		169			(43		)	—			(982		)	—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—		687			—			—			—			687
Currency translation adjustment	—		—			212			(43		)	—			169
Comprehensive income (loss)	$	1,230	$	1,230		$	27,772		$	54		$	(29,056	)	$	1,230

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the six months ended July 2, 2011 (in thousands)
	Parent Company		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—	$	343,267		$	591,930		$	11,673		$	—		$	946,870
Cost of sales	—		285,983			480,481			8,925			—			775,389
Selling, general and administrative expenses	—		60,254			50,672			560			—			111,486
Amortization of intangible assets	—		201			4,697			268			—			5,166
Restructuring, impairment and other charges	—		4,876			4,412			4			—			9,292
Operating income (loss)	—		(8,047		)	51,668			1,916			—			45,537
Gain on bargain purchase	—		(11,079		)	—			—			—			(11,079		)
Interest expense, net	—		59,232			428			(31		)	—			59,629
Intercompany interest expense (income)	—		(627		)	498			129			—			—
Other (income) expense, net	—		(423		)	753			7			—			337
(Loss) income from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—		(55,150		)	49,989			1,811			—			(3,350		)
Income tax (benefit) expense	—		874			(3,999		)	314			—			(2,811		)
(Loss) income from continuing operations before equity in income of unconsolidated subsidiaries	—		(56,024		)	53,988			1,497			—			(539		)
Equity in income of unconsolidated subsidiaries	3,158		58,158			1,497			—			(62,813		)	—
(Loss) income from continuing operations	3,158		2,134			55,485			1,497			(62,813		)	(539		)
Income (loss) from discontinued operations, net of taxes	—		1,024			2,673			—			—			3,697
Net income (loss)	3,158		3,158			58,158			1,497			(62,813		)	3,158
Other comprehensive income (loss):
Other comprehensive income (loss) of unconsolidated subsidiaries	3,193		1,401			47			—			(4,641		)	—
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—		1,792			—			—			—			1,792
Currency translation adjustment	—		—			1,354			47			—			1,401
Comprehensive income (loss)	$	6,351	$	6,351		$	59,559		$	1,544		$	(67,454	)	$	6,351

Condensed Consolidating Statement of Cash Flows [Table Text Block]

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the six months ended June 30, 2012  (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities of continuing operations	$	2,993		$	(52,135	)	$	65,707		$	(28	)	$	—	$	16,537
Net cash used in operating activities of discontinued operations	—			(1,616		)	(2,934		)	—			—		(4,550		)
Net cash provided by (used in)operating activities	2,993			(53,751		)	62,773			(28		)	—		11,987
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(644		)	—			—			—		(644		)
Capital expenditures	—			(5,362		)	(5,849		)	(117		)	—		(11,328		)
Proceeds from sale of property, plant and equipment	—			32			1,916			—			—		1,948
Proceeds from sale of intangible assets	—			1,700			—			—			—		1,700
Net cash used in investing activities of continuing operations	—			(4,274		)	(3,933		)	(117		)	—		(8,324		)
Net cash provided by investing activities of discontinued operations	—			16,414			23,507			—			—		39,921
Net cash provided by (used in) investing activities	—			12,140			19,574			(117		)	—		31,597
Cash flows from financing activities:
Repayment of 10.5% senior notes	—			(169,875		)	—			—			—		(169,875		)
Repayment of 7.875% senior subordinated notes	—			(180,139		)	—			—			—		(180,139		)
Borrowings (Repayment) of Term Loan B due 2016	—			18,948			—			—			—		18,948
Repayment of 8.375% senior subordinated notes	—			(24,787		)	—			—			—		(24,787		)
Payment of financing related costs and expenses and debt issuance discounts	—			(32,335		)	—			—			—		(32,335		)
Repayments of other long-term debt	—			(308		)	(2,331		)	—			—		(2,639		)
Retirement of common stock upon vesting of RSUs	(434		)	—			—			—			—		(434		)
Proceeds from issuance of 11.5% senior notes	—			225,000			—			—			—		225,000
Proceeds from issuance of 7% senior exchangeable notes	—			86,250			—			—			—		86,250
Borrowings under revolving credit facility, net	—			34,700			—			—			—		34,700
Intercompany advances	(2,559		)	80,993			(79,373		)	939			—		—
Net cash (used in) provided by financing activities of continuing operations	(2,993		)	38,447			(81,704		)	939			—		(45,311		)
Net cash used in financing activities of discontinued operations	—			(1,652		)	—			—			—		(1,652		)
Net cash (used in) provided by financing activities	(2,993		)	36,795			(81,704		)	939			—		(46,963		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(372		)	65			—		(307		)
Net increase (decrease) in cash and cash equivalents	—			(4,816		)	271			859			—		(3,686		)
Cash and cash equivalents at beginning of period	—			16,033			280			1,440			—		17,753
Cash and cash equivalents at end of period	$	—		$	11,217		$	551		$	2,299		$	—	$	14,067

CENVEO, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the six months ended July 2, 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) operating activities of continuing operations	$	5,018		$	(64,144	)	$	68,203		$	(1,347	)	$	—	$	7,730
Net cash provided by operating activities of discontinued operations	—			1,322			2,797			—			—		4,119
Net cash provided by (used in) operating activities	5,018			(62,822		)	71,000			(1,347		)	—		11,849
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(54,784		)	—			—			—		(54,784		)
Capital expenditures	—			(4,936		)	(2,726		)	(538		)	—		(8,200		)
Proceeds from sale of property, plant and equipment	—			1,163			9,701			—			—		10,864
Net cash (used in) provided by investing activities of continuing operations	—			(58,557		)	6,975			(538		)	—		(52,120		)
Net cash used in investing activities of discontinued operations	—			(347		)	—			—			—		(347		)
Net cash (used in) provided by investing activities	—			(58,904		)	6,975			(538		)	—		(52,467		)
Cash flows from financing activities:
Borrowings (Repayment) of Term Loan B due 2016	—			(1,900		)	—			—			—		(1,900		)
Repayments of other long-term debt	—			75			(3,631		)	—			—		(3,556		)
Purchase and retirement of common stock upon vesting of RSUs	(496		)	—			—			—			—		(496		)
Borrowings under revolving credit facility, net	—			8,200			—			—			—		8,200
Proceeds from exercise of stock options	318			—			—			—			—		318
Intercompany advances	(4,840		)	75,473			(74,875		)	4,242			—		—
Net cash provided by (used in) financing activities	(5,018		)	81,848			(78,506		)	4,242			—		2,566
Effect of exchange rate changes on cash and cash equivalents	—			—			(34		)	(34		)	—		(68		)
Net increase (decrease) in cash and cash equivalents	—			(39,878		)	(565		)	2,323			—		(38,120		)
Cash and cash equivalents at beginning of period	—			46,882			1,010			1,864			—		49,756
Cash and cash equivalents at end of period	$	—		$	7,004		$	445		$	4,187		$	—	$	11,636