XML 69 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
Dec. 31, 2014
Dec. 28, 2013
Current assets:    
Cash and cash equivalents $ 178,491,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 86,064,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net 247,727,000us-gaap_AccountsReceivableNetCurrent 194,827,000us-gaap_AccountsReceivableNetCurrent
Inventories, net 173,701,000us-gaap_InventoryNet 156,074,000us-gaap_InventoryNet
Deferred income taxes 16,776,000us-gaap_DeferredTaxAssetsNetCurrent 2,318,000us-gaap_DeferredTaxAssetsNetCurrent
Other current assets 89,121,000us-gaap_OtherAssetsCurrent 59,096,000us-gaap_OtherAssetsCurrent
Total current assets 705,816,000us-gaap_AssetsCurrent 498,379,000us-gaap_AssetsCurrent
Property, plant and equipment, net 870,230,000us-gaap_PropertyPlantAndEquipmentNet 652,780,000us-gaap_PropertyPlantAndEquipmentNet
Goodwill 220,554,000us-gaap_Goodwill 115,328,000us-gaap_Goodwill
Intangible assets, net 178,911,000us-gaap_IntangibleAssetsNetExcludingGoodwill 169,399,000us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred income taxes 18,231,000us-gaap_DeferredTaxAssetsNetNoncurrent 2,582,000us-gaap_DeferredTaxAssetsNetNoncurrent
Other noncurrent assets 41,431,000us-gaap_OtherAssetsNoncurrent 26,052,000us-gaap_OtherAssetsNoncurrent
Total assets 2,035,173,000us-gaap_Assets 1,464,520,000us-gaap_Assets
Current liabilities:    
Short-term borrowings 17,665,000us-gaap_ShortTermBorrowings 2,472,000us-gaap_ShortTermBorrowings
Accounts payable and accrued liabilities 321,313,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 307,731,000us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Income taxes payable 9,636,000us-gaap_AccruedIncomeTaxesCurrent 3,613,000us-gaap_AccruedIncomeTaxesCurrent
Deferred income taxes 10,217,000us-gaap_DeferredTaxLiabilitiesCurrent 1,342,000us-gaap_DeferredTaxLiabilitiesCurrent
Current portion of long-term debt 31,892,000us-gaap_LongTermDebtCurrent 13,797,000us-gaap_LongTermDebtCurrent
Total current liabilities 390,723,000us-gaap_LiabilitiesCurrent 328,955,000us-gaap_LiabilitiesCurrent
Long-term debt 1,433,283,000us-gaap_LongTermDebtNoncurrent 880,399,000us-gaap_LongTermDebtNoncurrent
Deferred Portion of Purchase Price 42,440,000pymr_DeferredPortionofPurchasePrice 0pymr_DeferredPortionofPurchasePrice
Deferred income taxes 36,223,000us-gaap_DeferredTaxLiabilitiesNoncurrent 33,236,000us-gaap_DeferredTaxLiabilitiesNoncurrent
Other noncurrent liabilities 67,124,000us-gaap_OtherLiabilitiesNoncurrent 62,191,000us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 1,969,793,000us-gaap_Liabilities 1,304,781,000us-gaap_Liabilities
Commitments and contingencies      
Redeemable Noncontrolling Interest, Equity, Carrying Amount 89,181,000us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount 0us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount
Shareholders’ equity:    
Common stock — 1,000 shares issued and outstanding 0us-gaap_CommonStockValue 0us-gaap_CommonStockValue
Additional paid-in capital 277,248,000us-gaap_AdditionalPaidInCapitalCommonStock 294,144,000us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (242,439,000)us-gaap_RetainedEarningsAccumulatedDeficit (127,142,000)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss) (59,164,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (8,106,000)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Polymer Group, Inc. shareholders' equity (deficit) (24,355,000)us-gaap_StockholdersEquity 158,896,000us-gaap_StockholdersEquity
Noncontrolling interest 554,000us-gaap_MinorityInterest 843,000us-gaap_MinorityInterest
Total equity (deficit) (23,801,000)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 159,739,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity $ 2,035,173,000us-gaap_LiabilitiesAndStockholdersEquity $ 1,464,520,000us-gaap_LiabilitiesAndStockholdersEquity