Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 28, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of condensed consolidating balance sheet

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 28, 2013 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	9,504		$	—		$	1,825		$	—		$	11,329
Accounts receivable, net	—			128,214			152,091			1,281			—			281,586
Inventories	—			89,830			71,722			13			—			161,565
Notes receivable from subsidiaries	—			36,938			—			—			(36,938		)	—
Prepaid and other current assets	—			46,050			6,813			2,490			—			55,353
Assets of discontinued operations - current	—			—			132			—			—			132
Total current assets	—			310,536			230,758			5,609			(36,938		)	509,965
Investment in subsidiaries	(496,980		)	1,865,003			5,385			6,725			(1,380,133		)	—
Property, plant and equipment, net	—			134,326			169,770			811			—			304,907
Goodwill	—			25,540			155,561			5,335			—			186,436
Other intangible assets, net	—			9,930			157,621			1,198			—			168,749
Other assets, net	—			37,952			5,175			487			—			43,614
Assets of discontinued operations - long-term	—			—			33			—			—			33
Total assets	$	(496,980	)	$	2,383,287		$	724,303		$	20,165		$	(1,417,071	)	$	1,213,704
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,600		$	2,574		$	—		$	—		$	9,174
Accounts payable	—			148,678			94,889			661			—			244,228
Accrued compensation and related liabilities	—			20,684			10,969			486			—			32,139
Other current liabilities	—			60,845			19,674			679			—			81,198
Liabilities of discontinued operations - current	—			1,372			641						—			2,013
Intercompany payable (receivable)	—			1,341,397			(1,349,273		)	7,876			—			—
Notes payable to issuer	—			—			36,938			—			(36,938		)	—
Total current liabilities	—			1,579,576			(1,183,588		)	9,702			(36,938		)	368,752
Long-term debt	—			1,173,457			2,894			—			—			1,176,351
Other liabilities	—			127,234			39,994			(1,647		)	—			165,581
Liabilities of discontinued operations - long-term	—			—			—			—			—			—
Shareholders’ (deficit) equity	(496,980		)	(496,980		)	1,865,003			12,110			(1,380,133		)	(496,980		)
Total liabilities and shareholders’ (deficit) equity	$	(496,980	)	$	2,383,287		$	724,303		$	20,165		$	(1,417,071	)	$	1,213,704

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 29, 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	5,763		$	286		$	2,061		$	—		$	8,110
Accounts receivable, net	—			98,199			155,188			1,002			—			254,389
Inventories	—			59,618			67,535			82			—			127,235
Notes receivable from subsidiaries	—			36,938			—			—			(36,938		)	—
Prepaid and other current assets	—			53,303			11,878			2,783			—			67,964
Assets of discontinued operations - current	—			5,171			6,094			—			—			11,265
Total current assets	—			258,992			240,981			5,928			(36,938		)	468,963
Investment in subsidiaries	(464,314		)	1,758,007			7,671			6,725			(1,308,089		)	—
Property, plant and equipment, net	—			86,416			191,453			1,209			—			279,078
Goodwill	—			25,540			155,849			6,026			—			187,415
Other intangible assets, net	—			6,621			196,755			1,823			—			205,199
Other assets, net	—			40,301			3,827			504			—			44,632
Assets of discontinued operations - long-term	—			6,525			8,743			—			—			15,268
Total assets	$	(464,314	)	$	2,182,402		$	805,279		$	22,215		$	(1,345,027	)	$	1,200,555
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities:
Current maturities of long-term debt	$	—		$	6,961		$	4,787		$	—		$	—		$	11,748
Accounts payable	—			104,941			74,394			515			—			179,850
Accrued compensation and related liabilities	—			14,409			9,755			514			—			24,678
Other current liabilities	—			56,766			20,069			532			—			77,367
Liabilities of discontinued operations - current	—			2,930			3,661			—			—			6,591
Intercompany payable (receivable)	—			1,177,669			(1,185,665		)	7,996			—			—
Notes payable to issuer	—			—			36,938			—			(36,938		)	—
Total current liabilities	—			1,363,676			(1,036,061		)	9,557			(36,938		)	300,234
Long-term debt	—			1,166,360			5,510			—			—			1,171,870
Other liabilities	—			115,196			78,427			(1,738		)	—			191,885
Liabilities of discontinued operations - long-term	—			1,484			(604		)	—			—			880
Shareholders’ (deficit) equity	(464,314		)	(464,314		)	1,758,007			14,396			(1,308,089		)	(464,314		)
Total liabilities and shareholders’ (deficit) equity	$	(464,314	)	$	2,182,402		$	805,279		$	22,215		$	(1,345,027	)	$	1,200,555

Schedule of condensed consolidating statement of operations and comprehensive income

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME For the year ended 2013 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	762,810		$	999,441		$	15,557		$	—		$	1,777,808
Cost of sales	—			660,679			812,034			13,218			—			1,485,931
Selling, general and administrative expenses	—			119,046			86,072			967			—			206,085
Amortization of intangible assets	—			602			8,829			531			—			9,962
Restructuring and other charges	—			7,744			5,342			14			—			13,100
Impairment of intangible assets	—			—			33,367			—			—			33,367
Operating (loss) income	—			(25,261		)	53,797			827			—			29,363
Gain on bargain purchase	—			(17,262		)	—			—			—			(17,262		)
Interest expense, net	—			112,232			445			—			—			112,677
Intercompany interest (income) expense	—			(1,203		)	1,203			—			—			—
Loss on early extinguishment of debt, net	—			11,324			—			—			—			11,324
Other income, net	—			(2,238		)	(3,106		)	(258		)	—			(5,602		)
(Loss) income from continuing operations before income taxes and equity in (loss) income of subsidiaries	—			(128,114		)	55,255			1,085			—			(71,774		)
Income tax expense (benefit)	—			28,109			(15,023		)	667			—			13,753
(Loss) income from continuing operations before equity in (loss) income of subsidiaries	—			(156,223		)	70,278			418			—			(85,527		)
Equity in (loss) income of subsidiaries	(68,786		)	78,447			418			—			(10,079		)	—
(Loss) income from continuing operations	(68,786		)	(77,776		)	70,696			418			(10,079		)	(85,527		)
Income from discontinued operations, net of taxes	—			8,990			7,751			—			—			16,741
Net (loss) income	(68,786		)	(68,786		)	78,447			418			(10,079		)	(68,786		)
Other comprehensive income (loss):
Other comprehensive income (loss) of subsidiaries	26,901			(1,754		)	(2,704		)	—			(22,443		)	—
Pension liability adjustment, net of taxes	—			28,655			2,775			—			—			31,430
Currency translation adjustment	—			—			(1,825		)	(2,704		)	—			(4,529		)
Comprehensive (loss) income	$	(41,885	)	$	(41,885	)	$	76,693		$	(2,286	)	$	(32,522	)	$	(41,885	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME For the year ended 2012 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	684,257		$	1,038,793		$	15,243		$	—	$	1,738,293
Cost of sales	—			576,286			827,342			13,519			—		1,417,147
Selling, general and administrative expenses	—			101,704			80,511			765			—		182,980
Amortization of intangible assets	—			582			8,777			522			—		9,881
Restructuring and other charges	—			5,917			21,087			96			—		27,100
Operating (loss) income	—			(232		)	101,076			341			—		101,185
Interest expense, net	—			114,164			607			(16		)	—		114,755
Intercompany interest (income) expense	—			(1,476		)	1,404			72			—		—
Loss on early extinguishment of debt, net	—			12,487			—			—			—		12,487
Other (income) expense, net	—			(1,125		)	46			(170		)	—		(1,249		)
(Loss) income from continuing operations before income taxes and equity in (loss) income of subsidiaries	—			(124,282		)	99,019			455			—		(24,808		)
Income tax expense (benefit)	—			31,623			24,503			(406		)	—		55,720
(Loss) income from continuing operations before equity in (loss) income of subsidiaries	—			(155,905		)	74,516			861			—		(80,528		)
Equity in (loss) income of subsidiaries	(79,887		)	68,896			861			—			10,130		—
(Loss) income from continuing operations	(79,887		)	(87,009		)	75,377			861			10,130		(80,528		)
Income (loss) from discontinued operations, net of taxes	—			7,122			(6,481		)	—			—		641
Net (loss) income	(79,887		)	(79,887		)	68,896			861			10,130		(79,887		)
Other comprehensive (loss) income:
Other comprehensive (loss) income of subsidiaries	(7,321		)	(64		)	(589		)	—			7,974		—
Pension liability adjustment, net of taxes	—			(7,257		)	(729		)	—			—		(7,986		)
Currency translation adjustment	—			—			1,254			(589		)	—		665
Comprehensive (loss) income	$	(87,208	)	$	(87,208	)	$	68,832		$	272		$	18,104	$	(87,208	)

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME For the year ended 2011 (in thousands)
	Parent Company			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	697,741		$	1,127,876		$	18,754		$	—		$	1,844,371
Cost of sales	—			577,192			905,726			15,284			—			1,498,202
Selling, general and administrative expenses	—			118,345			93,869			1,082			—			213,296
Amortization of intangible assets	—			426			8,937			536			—			9,899
Restructuring and other charges	—			8,773			9,010			29			—			17,812
Operating (loss) income	—			(6,995		)	110,334			1,823			—			105,162
Gain on bargain purchase	—			(11,720		)	—			—			—			(11,720		)
Interest expense, net	—			115,307			712			(51		)	—			115,968
Intercompany interest (income) expense	—			(1,180		)	975			205			—			—
Gain on early extinguishment of debt, net	—			(4,011		)	—			—			—			(4,011		)
Other expense (income), net	—			9,832			378			(1,136		)	—			9,074
(Loss) income from continuing operations before income taxes and equity in income of unconsolidated subsidiaries	—			(115,223		)	108,269			2,805			—			(4,149		)
Income tax expense (benefit)	—			12,392			(9,494		)	1,647			—			4,545
(Loss) income from continuing operations before equity in (loss) income of unconsolidated subsidiaries	—			(127,615		)	117,763			1,158			—			(8,694		)
Equity in (loss) income of unconsolidated subsidiaries	(8,565		)	111,454			1,158			—			(104,047		)	—
(Loss) income from continuing operations	(8,565		)	(16,161		)	118,921			1,158			(104,047		)	(8,694		)
Income (loss) from discontinued operations, net of taxes	—			7,596			(7,467		)	—			—			129
Net (loss) income	(8,565		)	(8,565		)	111,454			1,158			(104,047		)	(8,565		)
Other comprehensive (loss) income:
Other comprehensive (loss) income of subsidiaries	(39,597		)	(4,260		)	(5,006		)	—			48,863			—
Pension liability adjustment, net of taxes	—			(37,130		)	—			—			—			(37,130		)
Reclassifications of losses related to interest rate swaps into earnings, net of taxes	—			1,793			—			—			—			1,793
Currency translation adjustment	—			—			746			(5,006		)	—			(4,260		)
Comprehensive (loss) income	$	(48,162	)	$	(48,162	)	$	107,194		$	(3,848	)	$	(55,184	)	$	(48,162	)

Schedule of condensed consolidating statement of cash flows

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended 2013  (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	$	3,739		$	(117,743	)	$	136,232		$	87		$	—	$	22,315
Net cash provided by (used in) operating activities of discontinued operations	—			6,227			(349		)	—			—		5,878
Net cash provided by (used in) operating activities	3,739			(111,516		)	135,883			87			—		28,193
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(33,166		)	—			—			—		(33,166		)
Capital expenditures	—			(13,708		)	(15,424		)	(103		)	—		(29,235		)
Purchase of investment	—			(1,650		)	—			—			—		(1,650		)
Proceeds from insurance claim	—			—			3,036			—			—		3,036
Proceeds from sale of property, plant and equipment	—			258			8,046			—			—		8,304
Net cash used in investing activities of continuing operations	—			(48,266		)	(4,342		)	(103		)	—		(52,711		)
Net cash provided by investing activities of discontinued operations	—			23,160			22,054			—			—		45,214
Net cash (used in) provided by investing activities	—			(25,106		)	17,712			(103		)	—		(7,497		)
Cash flows from financing activities:
Repayment of 7.875% senior subordinated notes	—			(67,848		)	—			—			—		(67,848		)
Repayment of Term Loan B due 2016	—			(388,205		)	—			—			—		(388,205		)
Payment of financing related costs and expenses and debt issuance discounts	—			(15,570		)	—			—			—		(15,570		)
Repayments of other long-term debt	—			(2,536		)	(4,829		)	—			—		(7,365		)
Purchase and retirement of common stock upon vesting of RSUs	(660		)	—			—			—			—		(660		)
Repayment under revolving credit facility, net	—			(18,000		)	—			—			—		(18,000		)
Proceeds from issuance of 15% Unsecured Term Loan due 2017	—			50,000			—			—			—		50,000
Repayment of 15% Unsecured Term Loan due 2017	—			(40,000		)	—			—			—		(40,000		)
Proceeds from exercise of stock options	98			—			—			—			—		98
Proceeds from issuance of Term Loan Facility	—			360,000			—			—			—		360,000
Repayment of Term Loan Facility due 2017	—			(30,900		)	—			—			—		(30,900		)
Borrowings under ABL Facility due 2017	—			699,200			—			—			—		699,200
Repayments under ABL Facility due 2017	—			(577,800		)	—			—			—		(577,800		)
Proceeds from equipment loan	—			20,000			—			—			—		20,000
Repayments of equipment loan	—			(500		)	—			—			—		(500		)
Intercompany advances	(3,177		)	152,522			(149,225		)	(120		)	—		—
Net cash (used in) provided by financing activities	(3,739		)	140,363			(154,054		)	(120		)	—		(17,550		)
Effect of exchange rate changes on cash and cash equivalents	—			—			173			(100		)	—		73
Net increase (decrease) in cash and cash equivalents	—			3,741			(286		)	(236		)	—		3,219
Cash and cash equivalents at beginning of period	—			5,763			286			2,061			—		8,110
Cash and cash equivalents at end of period	$	—		$	9,504		$	—		$	1,825		$	—	$	11,329

CENVEO, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the year ended 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	$	5,333		$	(115,689	)	$	150,706		$	2,494		$	—		$	42,844
Net cash provided by operating activities of discontinued operations	—			8,240			981			—			—			9,221
Net cash provided by (used in) operating activities	5,333			(107,449		)	151,687			2,494			—			52,065
Cash flows from investing activities:
Cost of business acquisitions, net of cash acquired	—			(644		)	—			—			—			(644		)
Capital expenditures	—			(10,263		)	(10,135		)	(165		)	—			(20,563		)
Purchase of Investment	—			(350		)	—			—			—			(350		)
Proceeds from sale of property, plant and equipment	—			360			7,618			—			—			7,978
Proceeds from sale of intangible assets	—			5,700			—			—			—			5,700
Intercompany note	—			3,900			—			—			(3,900		)	—
Net cash used in investing activities of continuing operations	—			(1,297		)	(2,517		)	(165		)	(3,900		)	(7,879		)
Net cash provided by investing activities of discontinued operations	—			16,114			23,419			—			—			39,533
Net cash provided by (used in) investing activities	—			14,817			20,902			(165		)	(3,900		)	31,654
Cash flows from financing activities:
Repayment of 10.5% senior notes	—			(169,875		)	—			—			—			(169,875		)
Repayment of 7.875% senior subordinated notes	—			(214,831		)	—			—			—			(214,831		)
Borrowings of Term Loan B due 2016	—			31,844			—			—			—			31,844
Repayment of 8.375% senior subordinated notes	—			(24,787		)	—			—			—			(24,787		)
Payment of financing related costs and expenses and debt issuance discounts	—			(37,836		)	—			—			—			(37,836		)
Repayments of other long-term debt	—			(147		)	(4,699		)	—			—			(4,846		)
Purchase and retirement of common stock upon vesting of RSUs	(735		)	—			—			—			—			(735		)
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	—			18,000			—			—			—			18,000
Intercompany note	—			—			—			(3,900		)	3,900			—
Intercompany advances	(4,598		)	170,396			(167,988		)	2,190			—			—
Net cash (used in) provided by financing activities of continuing operations	(5,333		)	84,014			(172,687		)	(1,710		)	3,900			(91,816		)
Net cash used in financing activities of discontinued operations	—			(1,652		)	—			—			—			(1,652		)
Net cash (used in) provided by financing activities	(5,333		)	82,362			(172,687		)	(1,710		)	3,900			(93,468		)
Effect of exchange rate changes on cash and cash equivalents	—			—			104			2			—			106
Net (decrease) increase in cash and cash equivalents	—			(10,270		)	6			621			—			(9,643		)
Cash and cash equivalents at beginning of period	—			16,033			280			1,440			—			17,753
Cash and cash equivalents at end of period	$	—		$	5,763		$	286		$	2,061		$	—		$	8,110

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) operating activities of continuing operations	$	8,716		$	(115,927	)	$	175,235		$	1,605		$	—		$	69,629
Net cash provided by (used in) operating activities of discontinued operations	—			14,438			(3,745		)	—			—			10,693
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	—			(9,873		)	(5,004		)	(695		)	—			(15,572		)
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	—			(62,694		)	4,812			(695		)	(5,600		)	(64,177		)
Net cash used in investing activities of discontinued operations	—			(635		)	—			—			—			(635		)
Net cash (used in) provided by investing activities	—			(63,329		)	4,812			(695		)	(5,600		)	(64,812		)
Cash flows from financing activities:
Repayment of 7.875% senior subordinated notes	—			(8,952		)	—			—			—			(8,952		)
Repayment of Term Loan B due 2016	—			(23,800		)	—			—			—			(23,800		)
Repayment of 8.375% senior subordinated notes	—			(5,363		)	—			—			—			(5,363		)
Payment of financing related costs and expenses	—			(2,675		)	—			—			—			(2,675		)
Repayments of other long-term debt	—			(107		)	(6,296		)	—			—			(6,403		)
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 increase (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