XML 23 R47.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidating Financial Information (Details 3) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Revenue:        
Light building products $ 94,139 $ 84,778 $ 187,151 $ 161,466
Heavy construction materials 59,093 54,014 130,614 122,172
Energy technology 3,280 2,196 4,362 6,923
Total revenue 156,512 140,988 322,127 290,561
Cost of revenue:        
Light building products 70,828 64,126 140,166 120,627
Heavy construction materials 45,669 43,396 100,434 96,980
Energy technology 1,464 1,055 2,083 3,298
Total cost of revenue 117,961 108,577 242,683 220,905
Gross profit 38,551 32,411 79,444 69,656
Operating expenses:        
Amortization 5,485 5,288 10,591 10,224
Selling, general and administrative 32,517 28,239 60,744 54,516
Total operating expenses 38,002 33,527 71,335 64,740
Operating income (loss) 549 (1,116) 8,109 4,916
Other income (expense):        
Net interest expense (12,234) (11,139) (22,290) (21,611)
Other, net (32) 202 (20) 238
Total other income (expense), net (12,266) (10,937) (22,310) (21,373)
Loss from continuing operations before income taxes (11,717) (12,053) (14,201) (16,457)
Income tax benefit (provision) 2,210 1,770 2,560 2,300
Loss from continuing operations (9,507) (10,283) (11,641) (14,157)
Income (loss) from discontinued operations, net of income taxes (575) 2,023 125 25
Net loss (10,082) (8,260) (11,516) (14,132)
Net income attributable to non-controlling interest (236) 0 (230) 0
Net loss attributable to Headwaters Incorporated (10,318) (8,260) (11,746) (14,132)
Eliminations
       
Other income (expense):        
Equity in earnings of subsidiaries (3,574) (5,172) (15,225) (12,712)
Total other income (expense), net (3,574) (5,172) (15,225) (12,712)
Loss from continuing operations before income taxes (3,574) (5,172) (15,225) (12,712)
Loss from continuing operations (3,574) (5,172) (15,225) (12,712)
Net loss (3,574) (5,172) (15,225) (12,712)
Net loss attributable to Headwaters Incorporated (3,574)   (15,225)  
Guarantor Subsidiaries
       
Revenue:        
Light building products 85,108 84,778 176,445 161,466
Heavy construction materials 59,093 54,014 130,614 122,172
Energy technology 3,280 2,196 4,362 6,923
Total revenue 147,481 140,988 311,421 290,561
Cost of revenue:        
Light building products 64,458 64,126 132,327 120,627
Heavy construction materials 45,669 43,396 100,434 96,980
Energy technology 1,464 1,055 2,083 3,298
Total cost of revenue 111,591 108,577 234,844 220,905
Gross profit 35,890 32,411 76,577 69,656
Operating expenses:        
Amortization 5,123 5,288 10,229 10,224
Selling, general and administrative 25,610 23,327 48,411 44,820
Total operating expenses 30,733 28,615 58,640 55,044
Operating income (loss) 5,157 3,796 17,937 14,612
Other income (expense):        
Net interest expense (146) (44) (167) (58)
Other, net 29 167 74 203
Total other income (expense), net (117) 123 (93) 145
Loss from continuing operations before income taxes 5,040 3,919 17,844 14,757
Income tax benefit (provision) (1,571) (770) (3,350) (2,070)
Loss from continuing operations 3,469 3,149 14,494 12,687
Income (loss) from discontinued operations, net of income taxes (575) 2,023 125 25
Net loss 2,894 5,172 14,619 12,712
Net loss attributable to Headwaters Incorporated 2,894   14,619  
Non-Guarantor Subsidiaries
       
Revenue:        
Light building products 9,031   10,706  
Total revenue 9,031   10,706  
Cost of revenue:        
Light building products 6,370   7,839  
Total cost of revenue 6,370   7,839  
Gross profit 2,661   2,867  
Operating expenses:        
Amortization 362   362  
Selling, general and administrative 1,142   1,395  
Total operating expenses 1,504   1,757  
Operating income (loss) 1,157   1,110  
Other income (expense):        
Other, net (61)   (94)  
Total other income (expense), net (61)   (94)  
Loss from continuing operations before income taxes 1,096   1,016  
Income tax benefit (provision) (180)   (180)  
Loss from continuing operations 916   836  
Net loss 916   836  
Net income attributable to non-controlling interest (236)   (230)  
Net loss attributable to Headwaters Incorporated 680   606  
Parent Company
       
Operating expenses:        
Selling, general and administrative 5,765 4,912 10,938 9,696
Total operating expenses 5,765 4,912 10,938 9,696
Operating income (loss) (5,765) (4,912) (10,938) (9,696)
Other income (expense):        
Net interest expense (12,088) (11,095) (22,123) (21,553)
Equity in earnings of subsidiaries 3,574 5,172 15,225 12,712
Other, net   35   35
Total other income (expense), net (8,514) (5,888) (6,898) (8,806)
Loss from continuing operations before income taxes (14,279) (10,800) (17,836) (18,502)
Income tax benefit (provision) 3,961 2,540 6,090 4,370
Loss from continuing operations (10,318) (8,260) (11,746) (14,132)
Net loss (10,318) (8,260) (11,746) (14,132)
Net loss attributable to Headwaters Incorporated $ (10,318)   $ (11,746)