Supplemental Guarantor Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Supplemental Guarantor Condensed Financial Information [Abstract]

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	1,700		$	7,277		$	—		$	8,977
Accounts receivable, less allowance for doubtful accounts	—			35,012			38,984			—			73,996
Inventories, net	—			62,270			27,490			—			89,760
Income taxes receivable	—			341			641			—			982
Deferred income taxes	—			559			21			—			580
Other current assets	—			5,462			1,546			—			7,008
Total current assets	—			105,344			75,959			—			181,303
Property, plant, and equipment, net	—			62,185			67,929						130,114
Amounts due from affiliates	—			229,101			18,828			(247,929		)	—
Goodwill	—			81,359			122,694			—			204,053
Customer relationships, net	—			24,626			16,005			—			40,631
Other intangible assets, net	—			7,073			—			—			7,073
Investment in consolidated subsidiaries	(103,217		)	2,407			—			100,810			—
Deferred income taxes	—			—			87			—			87
Other assets	—			4,185			4,527			—			8,712
Total assets	$	(103,217	)	$	516,280		$	306,029		$	(147,119	)	$	571,973

Liabilities and Shareholders' (deficit) equity
Current liabilities:
Accounts payable	$	—		$	30,312		$	26,950		$	—		$	57,262
Accrued expenses	14			16,133			10,219			—			26,366
Accrued interest payable	—			8,973			47			—			9,020
Deferred income taxes	—			—			605			—			605
Total current liabilities	14			55,418			37,821			—			93,253
Long-term debt	—			535,396			—			—			535,396
Amounts due to affiliates	5,332			12,086			230,511			(247,929		)	—
Deferred income taxes	—			9,561			9,419			—			18,980
Other liabilities	—			7,036			25,871			—			32,907
Total liabilities	5,346			619,497			303,622			(247,929		)	680,536

Shareholders' (deficit) equity:
Common stock	195			—			21			(21		)	195
Additional paid-in capital	724,071			661,180			199,452			(860,632		)	724,071
Accumulated loss	(843,750		)	(775,318		)	(210,242		)	985,560			(843,750		)
Accumulated other comprehensive income	10,921			10,921			13,176			(24,097		)	10,921
Total shareholders' (deficit) equity	(108,563		)	(103,217		)	2,407			100,810			(108,563		)
Total liabilities & shareholders' (deficit) equity	$	(103,217	)	$	516,280		$	306,029		$	(147,119	)	$	571,973

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	1,574		$	8,450		$	—		$	10,024
Accounts receivable, less allowance for doubtful accounts	—			39,743			34,133			—			73,876
Inventories, net	—			62,986			26,308			—			89,294
Income taxes receivable	—			388			1,139			—			1,527
Deferred income taxes	—			793			114			—			907
Other current assets	—			3,358			1,431			—			4,789
Total current assets	—			108,842			71,575			—			180,417
Property, plant, and equipment, net	—			69,241			71,967						141,208
Amounts due from affiliates	—			218,957			30,651			(249,608		)	—
Goodwill	—			81,310			118,065			—			199,375
Customer relationships, net	—			33,620			20,969			—			54,589
Other intangible assets, net	—			7,475			—			—			7,475
Investment in consolidated subsidiaries	(81,316		)	18,549			—			62,767			—
Deferred income taxes	—			—			68			—			68
Other assets	—			6,225			5,065			—			11,290
Total assets	$	(81,316	)	$	544,219		$	318,360		$	(186,841	)	$	594,422

Liabilities and Shareholders' equity (deficit)
Current liabilities:
Accounts payable	$	—		$	34,921		$	20,962		$	—		$	55,883
Accrued expenses	10			17,582			13,075			—			30,667
Accrued interest payable	—			9,017			—			—			9,017
Deferred income taxes	—			—			847			—			847
Total current liabilities	10			61,520			34,884			—			96,414
Long-term debt	—			516,674			—			—			516,674
Amounts due to affiliates	4,666			15,844			229,098			(249,608		)	—
Deferred income taxes	—			8,621			11,798			—			20,419
Other liabilities	—			22,876			24,031			—			46,907
Total liabilities	4,676			625,535			299,811			(249,608		)	680,414

Shareholders' equity (deficit):
Common stock	189			—			21			(21		)	189
Additional paid-in capital	721,869			658,970			199,452			(858,422		)	721,869
Accumulated loss	(818,855		)	(751,091		)	(195,851		)	946,942			(818,855		)
Accumulated other comprehensive income	10,805			10,805			14,927			(25,732		)	10,805
Total shareholders' (deficit) equity	(85,992		)	(81,316		)	18,549			62,767			(85,992		)
Total liabilities & shareholders' (deficit) equity	$	(81,316	)	$	544,219		$	318,360		$	(186,841	)	$	594,422

Schedule of Condensed Income Statement

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 30, 2011

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	597,779		$	347,811		$	(11,912	)	$	933,678
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			507,136			289,941			(11,912		)	785,165
Selling and general (excluding depreciation and amortization)	594			58,191			32,636			—			91,421
Depreciation and amortization	—			22,859			14,335			—			37,194
Other operating charges	—			7,718			686			—			8,404
Multiemployer pension withdrawal expense	—			1,200			—			—			1,200
Income (loss) from operations	(594		)	675			10,213			—			10,294
Equity in earnings of subsidiaries	(62,123		)	(4,514		)	—			66,637			—
Interest expense	—			(52,163		)	(3,416		)	—			(55,579		)
Intercompany interest (income) expense	—			14,698			(14,698		)	—			—
Other (loss) income, net	—			(18,606		)	4,489			—			(14,117		)
Loss before income taxes	(62,717		)	(59,910		)	(3,412		)	66,637			(59,402		)
Provision for income taxes	—			2,213			1,102			—			3,315
Net loss	$	(62,717	)	$	(62,123	)	$	(4,514	)	$	66,637		$	(62,717	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2012

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	565,237		$	281,912		$	(10,009	)	$	837,140
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			474,058			236,996			(10,009		)	701,045
Selling and general (excluding depreciation and amortization)	318			55,752			27,422			—			83,492
Depreciation and amortization	—			22,403			12,381			—			34,784
Other operating charges	—			2,336			4,089			—			6,425
Multiemployer pension withdrawal expense	—			39			—			—			39
Income (loss) from operations	(318		)	10,649			1,024			—			11,355
Equity in earnings of subsidiaries	(36,450		)	(13,618		)	—			50,068			—
Interest expense	—			(53,859		)	(999		)	—			(54,858		)
Intercompany interest income (expense)	—			17,353			(17,353		)	—			—
Other income, net	—			4,960			52			—			5,012
Loss before income taxes	(36,768		)	(34,515		)	(17,276		)	50,068			(38,491		)
(Benefit from) provision for income taxes	—			1,935			(3,658		)	—			(1,723		)
Net loss	$	(36,768	)	$	(36,450	)	$	(13,618	)	$	50,068		$	(36,768	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2013

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	561,277		$	272,942		$	(7,547	)	$	826,672
Costs and expenses:
Cost of goods sold (excluding depreciation and amortization)	—			479,813			227,696			(7,547		)	699,962
Selling and general (excluding depreciation and amortization)	668			49,670			25,090			—			75,428
Depreciation and amortization	—			23,349			11,750			—			35,099
Other operating charges	—			3,196			5,969			—			9,165
Income (loss) from operations	(668		)	5,249			2,437			—			7,018
Equity in earnings of subsidiaries	(24,227		)	(14,391		)	—			38,618			—
Interest expense	—			(52,888		)	(1,190		)	—			(54,078		)
Intercompany interest income (expense)	—			17,678			(17,678		)	—			—
Other income (loss), net	—			8,191			(787		)	—			7,404
Loss before income taxes	(24,895		)	(36,161		)	(17,218		)	38,618			(39,656		)
Benefit from income taxes	—			(11,934		)	(2,827		)	—			(14,761		)
Net loss	$	(24,895	)	$	(24,227	)	$	(14,391	)	$	38,618		$	(24,895	)

Schedule Of Condensed Statement Of Comprehensive Income (Loss)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 30, 2011
(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net loss	$	(62,717	)	$	(62,123	)	$	(4,514	)	$	66,637		$	(62,717	)
Other comprehensive income (loss):
Foreign currency translation adjustment	2,380			2,380			2,092			(4,472		)	2,380
Pension liability adjustment, net of tax	(5,837		)	(5,837		)	(3,351		)	9,188			(5,837		)
Total other comprehensive loss	$	(3,457	)	$	(3,457	)	$	(1,259	)	$	4,716		$	(3,457	)
Total comprehensive loss	$	(66,174	)	$	(65,580	)	$	(5,773	)	$	71,353		$	(66,174	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 31, 2013

(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations		Total
Net loss	$	(24,895	)	$	(24,227	)	$	(14,391	)	$	38,618	$	(24,895	)
Other comprehensive income (loss):
Foreign currency translation adjustment	(815		)	(815		)	(815		)	1,630		(815		)
Pension liability adjustment, net of tax	931			931			(936		)	5		931
Total other comprehensive income (loss)	$	116		$	116		$	(1,751	)	$	1,635	$	116
Total comprehensive loss	$	(24,779	)	$	(24,111	)	$	(16,142	)	$	40,253	$	(24,779	)

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
For the Year Ended December 31, 2012
(in thousands)



	Parent			Issuer			Non-Guarantor Subsidiaries			Eliminations			Total
Net loss	$	(36,768	)	$	(36,450	)	$	(13,618	)	$	50,068		$	(36,768	)
Other comprehensive income:
Foreign currency translation adjustment	80			80			367			(447		)	80
Pension liability adjustment, net of tax	953			953			1,196			(2,149		)	953
Total other comprehensive income	$	1,033		$	1,033		$	1,563		$	(2,596	)	$	1,033
Total comprehensive loss	$	(35,735	)	$	(35,417	)	$	(12,055	)	$	47,472		$	(35,735	)

Schedule of Condensed Cash Flow Statement

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2013

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash used in operating activities	$	—	$	(7,396	)	$	(2,919	)	$	—		$	(10,315	)
Cash flows from investing activities:
Proceeds from sale of assets	—		324			2,022			—			2,346
Capital expenditures	—		(5,829		)	(4,913		)	—			(10,742		)
Distribution from affiliate	—		—			5,068			(5,068		)	—
Net cash used in investing activities	—		(5,505		)	2,177			(5,068		)	(8,396		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		18,270			—			—			18,270
Deferred financing fees	—		(175		)	—			—			(175		)
Distribution to affiliate	—		(5,068		)	—			5,068			—
Net cash provided by financing activities	—		13,027			—			5,068			18,095
Effect of exchange rate changes on cash	—		—			(431		)	—			(431		)
Net (decrease) increase in cash and cash equivalents	—		126			(1,173		)	—			(1,047		)
Cash and cash equivalents at beginning of year	—		1,574			8,450			—			10,024
Cash and cash equivalents at end of year	$	—	$	1,700		$	7,277		$	—		$	8,977

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2012

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	—	$	(539	)	$	4,524		$	—		$	3,985
Cash flows from investing activities:
Proceeds from sale of assets	—		1,317			4			—			1,321
Capital expenditures	—		(4,158		)	(2,982		)	—			(7,140		)
Purchase of a business, net of cash acquired	—		(6,445		)	—			—			(6,445		)
Distribution to affiliate	—		—			(2,165		)	2,165			—
Net cash used in investing activities	—		(9,286		)	(5,143		)	2,165			(12,264		)
Cash flows from financing activities:
Net borrowings on ABL Credit Facility	—		8,280			—			—			8,280
Deferred financing fees	—		(8		)	(26		)	—			(34		)
Distribution from affiliate	—		2,165			—			(2,165		)	—
Net cash provided by (used in) financing activities	—		10,437			(26		)	(2,165		)	8,246
Effect of exchange rate changes on cash	—		—			(4,270		)	—			(4,270		)
Net (decrease) increase in cash and cash equivalents	—		612			(4,915		)	—			(4,303		)
Cash and cash equivalents at beginning of year	—		962			13,365			—			14,327
Cash and cash equivalents at end of year	$	—	$	1,574		$	8,450		$	—		$	10,024

EURAMAX HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 30, 2011

(in thousands)



	Parent		Issuer			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	—	$	(15,469	)	$	34,065		$	—		$	18,596
Cash flows from investing activities:
Proceeds from sale of assets	—		79			355			—			434
Capital expenditures	—		(6,289		)	(3,862		)	—			(10,151		)
Contributed capital to subsidiaries	—		(99,930		)	—			99,930			—
Return of capital from subsidiaries	—		151,083			—			(151,083		)	—
Distribution to affiliate	—		(132,896		)	—			132,896			—
Net cash (used in) provided by investing activities	—		(87,953		)	(3,507		)	81,743			(9,717		)
Cash flow from financing activities:
Net borrowings on ABL Credit Facility	—		10,205			—			—			10,205
Net repayments on First Lien Credit Facility	—		(302,394		)	(109,634		)	—			(412,028		)
Borrowings under Senior Secured Notes	—		375,000			—			—			375,000
Borrowings under Senior Unsecured Notes	—		19,812			—			—			19,812
Contributed capital to subsidiaries	—		—			99,930			(99,930		)	—
Return of capital	—		—			(151,083		)	151,083			—
Deferred financing fees	—		(6,510		)	(4,113		)	—			(10,623		)
Distribution from affiliate	—		—			132,896			(132,896		)	—
Net cash used in financing activities	—		96,113			(32,004		)	(81,743		)	(17,634		)
Effect of exchange rate changes on cash	—		—			(1,820		)	—			(1,820		)
Net decrease in cash and cash equivalents	—		(7,309		)	(3,266		)	—			(10,575		)
Cash and cash equivalents at beginning of year	—		8,271			16,631			—			24,902
Cash and cash equivalents at end of year	$	—	$	962		$	13,365		$	—		$	14,327