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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash and cash equivalents $ 17,550us-gaap_CashAndCashEquivalentsAtCarryingValue $ 11,888us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts and notes receivable, net of allowance for doubtful accounts of $6,718 as of December 31, 2013 and $7,471 as of December 31, 2014 162,919us-gaap_AccountsNotesAndLoansReceivableNetCurrent 199,566us-gaap_AccountsNotesAndLoansReceivableNetCurrent
Inventories 382,903us-gaap_InventoryNet 490,414us-gaap_InventoryNet
Total current assets 644,995us-gaap_AssetsCurrent 775,658us-gaap_AssetsCurrent
Property, plant and equipment 1,500,821us-gaap_PropertyPlantAndEquipmentGross 1,588,880us-gaap_PropertyPlantAndEquipmentGross
Less: accumulated depreciation 846,781us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 767,895us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Net property, plant and equipment 654,040us-gaap_PropertyPlantAndEquipmentNet [1] 820,985us-gaap_PropertyPlantAndEquipmentNet [1]
Deferred income taxes 16,819us-gaap_DeferredTaxAssetsNetNoncurrent 10,334us-gaap_DeferredTaxAssetsNetNoncurrent
Goodwill 420,129us-gaap_Goodwill 496,810us-gaap_Goodwill
Other assets 97,822us-gaap_OtherAssetsNoncurrent 114,061us-gaap_OtherAssetsNoncurrent
Total assets 1,833,805us-gaap_Assets 2,217,848us-gaap_Assets
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable 86,409us-gaap_AccountsPayableCurrent 115,212us-gaap_AccountsPayableCurrent
Short-term debt 188,104us-gaap_ShortTermBorrowings 1,161us-gaap_ShortTermBorrowings
Accrued income and other taxes 24,506us-gaap_TaxesPayableCurrent 30,687us-gaap_TaxesPayableCurrent
Rationalizations 9,563gti_RestructuringandRelatedLiability 18,421gti_RestructuringandRelatedLiability
Supply chain financing liability 0us-gaap_OtherShortTermBorrowings 9,455us-gaap_OtherShortTermBorrowings
Other accrued liabilities 43,319us-gaap_OtherAccruedLiabilitiesCurrent 40,939us-gaap_OtherAccruedLiabilitiesCurrent
Total current liabilities 351,901us-gaap_LiabilitiesCurrent 215,875us-gaap_LiabilitiesCurrent
Long-term debt 341,615us-gaap_LongTermDebtNoncurrent 541,593us-gaap_LongTermDebtNoncurrent
Other long-term obligations 107,566us-gaap_OtherLiabilitiesNoncurrent 97,947us-gaap_OtherLiabilitiesNoncurrent
Deferred income taxes 28,197us-gaap_DeferredTaxLiabilitiesNoncurrent 41,684us-gaap_DeferredTaxLiabilitiesNoncurrent
Contingencies – Note 14      
Stockholders’ equity:    
Preferred stock, par value $.01, 10,000,000 shares authorized, none issued 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value $.01, 225,000,000 shares authorized, 151,929,565 shares issued as of December 31, 2013 and 152,812,172 shares issued as of December 31, 2014 1,528us-gaap_CommonStockValue 1,519us-gaap_CommonStockValue
Additional paid – in capital 1,825,880us-gaap_AdditionalPaidInCapital 1,820,451us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive loss (336,524)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (292,624)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings (245,751)us-gaap_RetainedEarningsAccumulatedDeficit 39,625us-gaap_RetainedEarningsAccumulatedDeficit
Less: cost of common stock held in treasury, 16,341,311 shares as of December 31, 2013 and 16,092,662 as of December 31, 2014 (239,811)us-gaap_TreasuryStockValue (247,190)us-gaap_TreasuryStockValue
Less: common stock held in employee benefit and compensation trusts, 87,206 shares as of December 31, 2013 and 80,967 shares as of December 31, 2014 (796)us-gaap_CommonStockIssuedEmployeeStockTrust (1,032)us-gaap_CommonStockIssuedEmployeeStockTrust
Total stockholders’ equity 1,004,526us-gaap_StockholdersEquity 1,320,749us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity $ 1,833,805us-gaap_LiabilitiesAndStockholdersEquity $ 2,217,848us-gaap_LiabilitiesAndStockholdersEquity
[1] Long-lived assets represent fixed assets, net of accumulated depreciation.