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Financial Guarantees and Condensed Consolidating Financial Statements (Tables)
 6 Months Ended
Jun. 29, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
As of June 29, 2013
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
699

 
$
18,908

 
$
60,864

 
$
—

 
$
80,471

Accounts receivable, net
—

 
28,195

 
115,997

 
—

 
144,192

Inventories, net
(76
)
 
22,238

 
75,607

 
—

 
97,769

Deferred income taxes
—

 
613

 
3,864

 
(613
)
 
3,864

Other current assets
4,466

 
9,556

 
26,839

 
—

 
40,861

Total current assets
5,089

 
79,510

 
283,171

 
(613
)
 
367,157

Property, plant and equipment, net
1,419

 
95,052

 
382,127

 
—

 
478,598

Goodwill
—

 
20,718

 
60,064

 
—

 
80,782

Intangible assets, net
22,684

 
41,008

 
10,899

 
—

 
74,591

Net investment in and advances to (from) subsidiaries
701,902

 
758,438

 
(213,382
)
 
(1,246,958
)
 
—

Deferred income taxes
—

 
—

 
1,392

 
—

 
1,392

Other noncurrent assets
303

 
5,629

 
18,845

 
—

 
24,777

Total assets
$
731,397

 
$
1,000,355

 
$
543,116

 
$
(1,247,571
)
 
$
1,027,297

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
1,138

 
$
—

 
$
—

 
$
—

 
$
1,138

Accounts payable and accrued liabilities
37,581

 
36,793

 
136,490

 
—

 
210,864

Income taxes payable
—

 
—

 
2,476

 
—

 
2,476

Deferred income taxes
331

 
—

 
14

 
134

 
479

Current portion of long-term debt
167

 
—

 
20,334

 
—

 
20,501

Total current liabilities
39,217

 
36,793

 
159,314

 
134

 
235,458

Long-term debt
560,161

 
—

 
29,086

 
—

 
589,247

Deferred income taxes
272

 
9,149

 
24,166

 
(748
)
 
32,839

Other noncurrent liabilities
2,529

 
11,675

 
26,331

 
—

 
40,535

Total liabilities
602,179

 
57,617

 
238,897

 
(614
)
 
898,079

Common stock
—

 
—

 
36,083

 
(36,083
)
 
—

Other shareholders’ equity
129,218

 
942,738

 
268,136

 
(1,210,874
)
 
129,218

Total shareholders' equity
129,218

 
942,738

 
304,219

 
(1,246,957
)
 
129,218

Total liabilities and shareholders' equity
$
731,397

 
$
1,000,355

 
$
543,116

 
$
(1,247,571
)
 
$
1,027,297


Condensed Consolidating Balance Sheet
As of December 29, 2012
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
486

 
$
28,285

 
$
69,108

 
$
—

 
$
97,879

Accounts receivable, net
—

 
22,350

 
109,219

 
—

 
131,569

Inventories, net
—

 
23,843

 
71,121

 
—

 
94,964

Deferred income taxes
—

 
613

 
3,832

 
(613
)
 
3,832

Other current assets
1,821

 
7,710

 
23,883

 
—

 
33,414

Total current assets
2,307

 
82,801

 
277,163

 
(613
)
 
361,658

Property, plant and equipment, net
27,711

 
99,660

 
351,798

 
—

 
479,169

Goodwill
—

 
20,718

 
59,890

 
—

 
80,608

Intangible assets, net
24,313

 
42,422

 
8,928

 
—

 
75,663

Net investment in and advances to (from) subsidiaries
679,818

 
723,861

 
(188,670
)
 
(1,215,009
)
 
—

Deferred income taxes
—

 
—

 
945

 
—

 
945

Other noncurrent assets
275

 
5,787

 
17,964

 
—

 
24,026

Total assets
$
734,424

 
$
975,249

 
$
528,018

 
$
(1,215,622
)
 
$
1,022,069

LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
813

 
$
—

 
$
—

 
$
—

 
$
813

Accounts payable and accrued liabilities
28,511

 
33,344

 
135,050

 
—

 
196,905

Income taxes payable
—

 
89

 
3,752

 
—

 
3,841

Deferred income taxes
331

 
—

 
14

 
134

 
479

Current portion of long-term debt
107

 
—

 
19,370

 
—

 
19,477

Total current liabilities
29,762

 
33,433

 
158,186

 
134

 
221,515

Long-term debt
560,043

 
—

 
19,356

 
—

 
579,399

Deferred income taxes
273

 
9,149

 
24,506

 
(747
)
 
33,181

Other noncurrent liabilities
5,144

 
15,540

 
28,088

 
—

 
48,772

Total liabilities
595,222

 
58,122

 
230,136

 
(613
)
 
882,867

Common stock
—

 
—

 
36,083

 
(36,083
)
 
—

Other shareholders’ equity
139,202

 
917,127

 
261,799

 
(1,178,926
)
 
139,202

Total shareholders' equity
139,202

 
917,127

 
297,882

 
(1,215,009
)
 
139,202

Total liabilities and shareholders' equity
$
734,424

 
$
975,249

 
$
528,018

 
$
(1,215,622
)
 
$
1,022,069
Condensed Consolidating Statement of Operations

 










Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 29, 2013

In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
89,817

 
$
206,389

 
$
(4,668
)
 
$
291,538

Cost of goods sold
(11
)
 
(74,870
)
 
(170,935
)
 
4,668

 
(241,148
)
Gross profit
(11
)
 
14,947

 
35,454

 
—

 
50,390

Selling, general and administrative expenses
(14,331
)
 
(6,004
)
 
(19,036
)
 
—

 
(39,371
)
Special charges, net
(471
)
 
(103
)
 
(1,176
)
 
—

 
(1,750
)
Other operating, net
16

 
(145
)
 
(835
)
 
—

 
(964
)
Operating income (loss)
(14,797
)
 
8,695

 
14,407

 
—

 
8,305

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense
(12,246
)
 
3,086

 
(3,163
)
 
—

 
(12,323
)
Intercompany royalty and technical service fees
1,428

 
1,697

 
(3,125
)
 
—

 
—

Foreign currency and other, net
2

 
(150
)
 
(752
)
 
—

 
(900
)
Equity in earnings of subsidiaries
15,630

 
1,872

 
—

 
(17,502
)
 
—

Income (loss) before income taxes
(9,983
)
 
15,200

 
7,367

 
(17,502
)
 
(4,918
)
Income tax (provision) benefit
2,077

 
458

 
(5,523
)
 
—

 
(2,988
)
Net income (loss)
$
(7,906
)
 
$
15,658

 
$
1,844

 
$
(17,502
)
 
$
(7,906
)
Comprehensive income (loss)
$
(5,477
)
 
$
8,930

 
$
(44
)
 
$
(8,886
)
 
$
(5,477
)


Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended June 30, 2012

In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
98,353

 
$
203,301

 
$
(5,410
)
 
$
296,244

Cost of goods sold
12

 
(86,090
)
 
(169,157
)
 
5,410

 
(249,825
)
Gross profit
12

 
12,263

 
34,144

 
—

 
46,419

Selling, general and administrative expenses
(8,988
)
 
(6,642
)
 
(19,550
)
 
—

 
(35,180
)
Special charges, net
(3,846
)
 
(2,082
)
 
(2,825
)
 
—

 
(8,753
)
Other operating, net
10

 
118

 
31

 
—

 
159

Operating income (loss)
(12,812
)
 
3,657

 
11,800

 
—

 
2,645

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense
(7,708
)
 
6,708

 
(11,738
)
 
—

 
(12,738
)
Intercompany royalty and technical service fees
1,438

 
1,631

 
(3,069
)
 
—

 
—

Foreign currency and other, net
32

 
402

 
(3,594
)
 
—

 
(3,160
)
Equity in earnings of subsidiaries
3,226

 
(7,726
)
 
—

 
4,500

 
—

Income (loss) before income taxes
(15,824
)
 
4,672

 
(6,601
)
 
4,500

 
(13,253
)
Income tax (provision) benefit
3,730

 
(1,373
)
 
(1,198
)
 
—

 
1,159

Net income (loss)
$
(12,094
)
 
$
3,299

 
$
(7,799
)
 
$
4,500

 
$
(12,094
)
Comprehensive income (loss)
$
(22,433
)
 
$
(7,150
)
 
$
(12,521
)
 
$
19,671

 
$
(22,433
)





Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Six Months Ended June 29, 2013
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
182,829

 
$
405,918

 
$
(10,127
)
 
$
578,620

Cost of goods sold
(36
)
 
(156,714
)
 
(335,741
)
 
10,127

 
(482,364
)
Gross profit
(36
)
 
26,115

 
70,177

 
—

 
96,256

Selling, general and administrative expenses
(23,975
)
 
(11,764
)
 
(37,974
)
 
—

 
(73,713
)
Special charges, net
(1,826
)
 
(139
)
 
(1,589
)
 
—

 
(3,554
)
Other operating, net
18

 
(222
)
 
(1,100
)
 
—

 
(1,304
)
Operating income (loss)
(25,819
)
 
13,990

 
29,514

 
—

 
17,685

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense
(22,474
)
 
6,187

 
(8,120
)
 
—

 
(24,407
)
Intercompany royalty and technical service fees
2,756

 
3,304

 
(6,060
)
 
—

 
—

Foreign currency and other, net
—

 
(247
)
 
(2,073
)
 
—

 
(2,320
)
Equity in earnings of subsidiaries
27,155

 
5,690

 
—

 
(32,845
)
 
—

Income (loss) before income taxes
(18,382
)
 
28,924

 
13,261

 
(32,845
)
 
(9,042
)
Income tax (provision) benefit
4,249

 
(1,687
)
 
(7,653
)
 
—

 
(5,091
)
Net income (loss)
$
(14,133
)
 
$
27,237

 
$
5,608

 
$
(32,845
)
 
$
(14,133
)
Comprehensive income (loss)
$
(15,380
)
 
$
25,035

 
$
5,339

 
$
(30,374
)
 
$
(15,380
)


Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Six Months Ended June 30, 2012
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
193,767

 
$
407,843

 
$
(10,195
)
 
$
591,415

Cost of goods sold
30

 
(168,537
)
 
(333,497
)
 
10,195

 
(491,809
)
Gross profit
30

 
25,230

 
74,346

 
—

 
99,606

Selling, general and administrative expenses
(18,279
)
 
(12,559
)
 
(38,472
)
 
—

 
(69,310
)
Special charges, net
(5,324
)
 
(2,297
)
 
(3,551
)
 
—

 
(11,172
)
Other operating, net
9

 
220

 
290

 
—

 
519

Operating income (loss)
(23,564
)
 
10,594

 
32,613

 
—

 
19,643

Other income (expense):
 
 
 
 
 
 
 
 
 
Interest expense
(18,983
)
 
10,023

 
(16,627
)
 
—

 
(25,587
)
Intercompany royalty and technical service fees
2,929

 
3,442

 
(6,371
)
 
—

 
—

Foreign currency and other, net
—

 
239

 
(3,336
)
 
—

 
(3,097
)
Equity in earnings of subsidiaries
21,391

 
1,424

 
—

 
(22,815
)
 
—

Income (loss) before income taxes
(18,227
)
 
25,722

 
6,279

 
(22,815
)
 
(9,041
)
Income tax (provision) benefit
5,868

 
(4,205
)
 
(4,981
)
 
—

 
(3,318
)
Net income (loss)
$
(12,359
)
 
$
21,517

 
$
1,298

 
$
(22,815
)
 
$
(12,359
)
Comprehensive income (loss)
$
(17,875
)
 
$
17,229

 
$
(293
)
 
$
(16,936
)
 
$
(17,875
)
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 29, 2013
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(10,239
)
 
$
22,547

 
$
(13,926
)
 
$
—

 
$
(1,618
)
Investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(23,207
)
 
(1,658
)
 
(1,635
)
 
—

 
(26,500
)
Proceeds from the sale of assets
—

 
—

 
75

 
—

 
75

Acquisition of intangibles and other
(135
)
 
—

 
—

 
—

 
(135
)
Intercompany investing activities, net
5,766

 
(28,500
)
 
(4,000
)
 
26,734

 
—

Net cash provided by (used in) investing activities
(17,576
)
 
(30,158
)
 
(5,560
)
 
26,734

 
(26,560
)
Financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from long-term borrowings
—

 
—

 
14,177

 
—

 
14,177

Proceeds from short-term borrowings
1,879

 
—

 
—

 
—

 
1,879

Repayment of long-term borrowings
(65
)
 
—

 
(3,252
)
 
—

 
(3,317
)
Repayment of short-term borrowings
(1,554
)
 
—

 
—

 
—

 
(1,554
)
Issuance of common stock
(232
)
 
—

 
—

 
—

 
(232
)
Intercompany financing activities, net
28,000

 
(1,766
)
 
500

 
(26,734
)
 
—

Net cash provided by (used in) financing activities
28,028

 
(1,766
)
 
11,425

 
(26,734
)
 
10,953

Effect of exchange rate changes on cash
—

 
—

 
(183
)
 
—

 
(183
)
Net change in cash and cash equivalents
213

 
(9,377
)
 
(8,244
)
 
—

 
(17,408
)
Cash and cash equivalents at beginning of period
486

 
28,285

 
69,108

 
—

 
97,879

Cash and cash equivalents at end of period
$
699

 
$
18,908

 
$
60,864

 
$
—

 
$
80,471


Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2012
 
In thousands
PGI
(Issuer)
 
Guarantors
 
Non-Guarantors
 
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(58,518
)
 
$
44,082

 
$
52,103

 
$
—

 
$
37,667

Investing activities:
 
 
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(18,502
)
 
(1,508
)
 
(29,378
)
 
19,758

 
(29,630
)
Proceeds from the sale of assets
19,758

 
1,646

 
11

 
(19,758
)
 
1,657

Acquisition of intangibles and other
(110
)
 
—

 
—

 
—

 
(110
)
Intercompany investing activities, net
30,198

 
(30,554
)
 
(19,758
)
 
20,114

 
—

Net cash provided by (used in) investing activities
31,344

 
(30,416
)
 
(49,125
)
 
20,114

 
(28,083
)
Financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from long-term borrowings
—

 
—

 
25

 
—

 
25

Proceeds from short-term borrowings
1,943

 
—

 
3,000

 
—

 
4,943

Repayment of long-term borrowings
(44
)
 
—

 
(2,306
)
 
—

 
(2,350
)
Repayment of short-term borrowings
(1,233
)
 
—

 
(5,000
)
 
—

 
(6,233
)
Intercompany financing activities, net
33,370

 
(10,440
)
 
(2,816
)
 
(20,114
)
 
—

Net cash provided by (used in) financing activities
34,036

 
(10,440
)
 
(7,097
)
 
(20,114
)
 
(3,615
)
Effect of exchange rate changes on cash
—

 
—

 
(641
)
 
—

 
(641
)
Net change in cash and cash equivalents
6,862

 
3,226

 
(4,760
)
 
—

 
5,328

Cash and cash equivalents at beginning of period
3,135

 
14,574

 
55,033

 
—

 
72,742

Cash and cash equivalents at end of period
$
9,997

 
$
17,800

 
$
50,273

 
$
—

 
$
78,070