XML 13 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Condensed Consolidating Guarantor and Non-Guarantor Financial Information - Condensed Consolidating Balance Sheet (Detail) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Mar. 31, 2013
Dec. 31, 2012
Current assets        
Cash and cash equivalents $ 26,630 $ 34,969 $ 22,639 $ 65,548
Restricted investments 227 2,856    
Accounts receivable, net 93,908 87,515    
Inventories, net 181,748 177,580    
Deferred income taxes 10,013 11,096    
Other current assets 8,696 9,082    
Total current assets 321,222 323,098    
Intercompany notes receivable          
Intercompany interest receivable          
Investments in subsidiaries          
Property and equipment, net 94,950 95,818    
Goodwill 465,741 466,227    
Other intangibles, net 356,069 362,365    
Restricted investments 1,561 1,530    
Deferred income taxes          
Deferred financing fees 9,035 9,798    
Investment in trust common securities 3,261 3,261    
Other assets 2,263 2,759    
Total assets 1,254,102 1,264,856    
Current liabilities        
Accounts payable 47,215 44,369    
Current portion of senior term loans 3,968 3,968    
Current portion of capitalized lease and other obligations 233 219    
Interest payable on junior subordinated debentures 1,019      
Intercompany interest payable          
Accrued expenses:        
Salaries and wages 6,031 11,864    
Pricing allowances 4,867 6,210    
Income and other taxes 3,192 3,121    
Interest 9,798 2,674    
Deferred compensation 227 2,856    
Other accrued expenses 9,704 9,031    
Total current liabilities 86,254 84,312    
Intercompany debt payable          
Long term senior term loans 376,939 377,641    
Long term portion of capitalized leases and other obligations 338 337    
Long term senior notes 271,434 271,750    
Junior subordinated debentures 114,891 114,941    
Deferred compensation 1,561 1,530    
Deferred income taxes, net 115,580 120,060    
Other non-current liabilities 15,516 15,391    
Total liabilities 982,513 985,962    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013          
Additional paid-in capital 293,793 292,989    
Accumulated deficit (30,261) (26,199)    
Accumulated other comprehensive (loss) income (8,918) (4,871)    
Total stockholders' equity 254,614 261,919    
Total liabilities and stockholders' equity 1,254,102 1,264,856    
Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014 16,975 16,975    
Guarantors The Hillman Companies, Inc. [Member]
       
Current assets        
Cash and cash equivalents 1 1 1 1
Restricted investments 227 2,856    
Accounts receivable, net          
Inventories, net          
Deferred income taxes 8,816 10,041    
Other current assets          
Total current assets 9,044 12,898    
Intercompany notes receivable 105,446 105,446    
Intercompany interest receivable 3,058       
Investments in subsidiaries (649,616) (648,310)    
Property and equipment, net          
Goodwill 418,947 418,947    
Other intangibles, net 289,259 293,774    
Restricted investments 1,561 1,530    
Deferred income taxes 32,640 31,349    
Deferred financing fees          
Investment in trust common securities 3,261 3,261    
Other assets          
Total assets 213,600 218,895    
Current liabilities        
Accounts payable          
Current portion of senior term loans          
Current portion of capitalized lease and other obligations          
Interest payable on junior subordinated debentures 1,019      
Intercompany interest payable          
Accrued expenses:        
Salaries and wages          
Pricing allowances          
Income and other taxes (607) (568)    
Interest          
Deferred compensation 227 2,856    
Other accrued expenses          
Total current liabilities 639 2,288    
Intercompany debt payable          
Long term senior term loans          
Long term portion of capitalized leases and other obligations          
Long term senior notes          
Junior subordinated debentures 114,891 114,941    
Deferred compensation 1,561 1,530    
Deferred income taxes, net 141,578 143,313    
Other non-current liabilities 9,796 9,618    
Total liabilities 268,465 271,690    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013          
Additional paid-in capital 117,936 116,659    
Accumulated deficit (189,776) (186,429)    
Accumulated other comprehensive (loss) income          
Total stockholders' equity (71,840) (69,770)    
Total liabilities and stockholders' equity 213,600 218,895    
Guarantors The Hillman Companies, Inc. [Member] | Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014 16,975 16,975    
Issuer The Hillman Group, Inc. [Member]
       
Current assets        
Cash and cash equivalents 17,262 27,553 2,995 62,917
Restricted investments          
Accounts receivable, net 79,944 71,173    
Inventories, net 105,009 101,386    
Deferred income taxes         
Other current assets 5,641 6,006    
Total current assets 207,856 206,118    
Intercompany notes receivable 105,230 103,422    
Intercompany interest receivable 3,578 1,975    
Investments in subsidiaries 28,122 28,122    
Property and equipment, net 81,324 81,406    
Goodwill 24,512 24,512    
Other intangibles, net 42,187 42,959    
Restricted investments          
Deferred income taxes          
Deferred financing fees 9,035 9,798    
Investment in trust common securities          
Other assets 2,037 2,442    
Total assets 503,881 500,754    
Current liabilities        
Accounts payable 32,000 25,610    
Current portion of senior term loans 3,968 3,968    
Current portion of capitalized lease and other obligations 233 219    
Interest payable on junior subordinated debentures         
Intercompany interest payable 3,058       
Accrued expenses:        
Salaries and wages 3,161 8,462    
Pricing allowances 2,418 3,791    
Income and other taxes 2,096 2,267    
Interest 9,798 2,674    
Deferred compensation          
Other accrued expenses 6,930 6,191    
Total current liabilities 63,662 53,182    
Intercompany debt payable 105,446 105,446    
Long term senior term loans 376,939 377,641    
Long term portion of capitalized leases and other obligations 338 337    
Long term senior notes 271,434 271,750    
Junior subordinated debentures          
Deferred compensation          
Deferred income taxes, net          
Other non-current liabilities 5,720 5,773    
Total liabilities 823,539 814,129    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013          
Additional paid-in capital (130,085) (130,559)    
Accumulated deficit (179,863) (177,173)    
Accumulated other comprehensive (loss) income (9,710) (5,643)    
Total stockholders' equity (319,658) (313,375)    
Total liabilities and stockholders' equity 503,881 500,754    
Issuer The Hillman Group, Inc. [Member] | Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014          
Guarantor Subsidiaries [Member]
       
Current assets        
Cash and cash equivalents 1,345 792 1,740 429
Restricted investments          
Accounts receivable, net (397) 1,043    
Inventories, net 10,134 10,048    
Deferred income taxes 767 830    
Other current assets 350 322    
Total current assets 12,199 13,035    
Intercompany notes receivable          
Intercompany interest receivable          
Investments in subsidiaries 507 507    
Property and equipment, net 384 400    
Goodwill 2,701 2,701    
Other intangibles, net 250 250    
Restricted investments          
Deferred income taxes 194 (616)    
Deferred financing fees          
Investment in trust common securities          
Other assets 25 25    
Total assets 16,260 16,302    
Current liabilities        
Accounts payable 686 1,036    
Current portion of senior term loans          
Current portion of capitalized lease and other obligations          
Interest payable on junior subordinated debentures         
Intercompany interest payable          
Accrued expenses:        
Salaries and wages 78 287    
Pricing allowances    1    
Income and other taxes 80 30    
Interest          
Deferred compensation          
Other accrued expenses 384 261    
Total current liabilities 1,228 1,615    
Intercompany debt payable          
Long term senior term loans          
Long term portion of capitalized leases and other obligations          
Long term senior notes          
Junior subordinated debentures          
Deferred compensation          
Deferred income taxes, net 266 260    
Other non-current liabilities          
Total liabilities 1,494 1,875    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013 50 50    
Additional paid-in capital 11,711 11,711    
Accumulated deficit 3,005 2,666    
Accumulated other comprehensive (loss) income          
Total stockholders' equity 14,766 14,427    
Total liabilities and stockholders' equity 16,260 16,302    
Guarantor Subsidiaries [Member] | Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014          
Non-Guarantor Subsidiaries [Member]
       
Current assets        
Cash and cash equivalents 8,022 6,623 17,903 2,201
Restricted investments          
Accounts receivable, net 14,361 15,299    
Inventories, net 66,944 66,450    
Deferred income taxes 956 830    
Other current assets 2,705 2,754    
Total current assets 92,988 91,956    
Intercompany notes receivable (105,230) (103,422)    
Intercompany interest receivable          
Investments in subsidiaries 262,686 263,216    
Property and equipment, net 13,242 14,012    
Goodwill 19,301 19,787    
Other intangibles, net 24,373 25,382    
Restricted investments          
Deferred income taxes 2,440 2,095    
Deferred financing fees          
Investment in trust common securities          
Other assets 201 292    
Total assets 310,001 313,318    
Current liabilities        
Accounts payable 14,529 17,723    
Current portion of senior term loans          
Current portion of capitalized lease and other obligations          
Interest payable on junior subordinated debentures         
Intercompany interest payable 3,578 1,975    
Accrued expenses:        
Salaries and wages 2,792 3,115    
Pricing allowances 2,449 2,418    
Income and other taxes 1,623 1,392    
Interest          
Deferred compensation          
Other accrued expenses 2,390 2,579    
Total current liabilities 27,361 29,202    
Intercompany debt payable          
Long term senior term loans          
Long term portion of capitalized leases and other obligations          
Long term senior notes          
Junior subordinated debentures          
Deferred compensation          
Deferred income taxes, net 9,536 9,920    
Other non-current liabilities          
Total liabilities 36,897 39,122    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013          
Additional paid-in capital 303,370 293,717    
Accumulated deficit (7,104) (6,522)    
Accumulated other comprehensive (loss) income (23,162) (12,999)    
Total stockholders' equity 273,104 274,196    
Total liabilities and stockholders' equity 310,001 313,318    
Non-Guarantor Subsidiaries [Member] | Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014          
Consolidating Adjustments [Member]
       
Current assets        
Cash and cash equivalents            
Restricted investments          
Accounts receivable, net          
Inventories, net (339) (304)    
Deferred income taxes (526) (605)    
Other current assets          
Total current assets (865) (909)    
Intercompany notes receivable (105,446) (105,446)    
Intercompany interest receivable (6,636) (1,975)    
Investments in subsidiaries 358,301 356,465    
Property and equipment, net          
Goodwill 280 280    
Other intangibles, net          
Restricted investments          
Deferred income taxes (35,274) (32,828)    
Deferred financing fees          
Investment in trust common securities          
Other assets          
Total assets 210,360 215,587    
Current liabilities        
Accounts payable          
Current portion of senior term loans          
Current portion of capitalized lease and other obligations          
Interest payable on junior subordinated debentures         
Intercompany interest payable (6,636) (1,975)    
Accrued expenses:        
Salaries and wages          
Pricing allowances          
Income and other taxes          
Interest          
Deferred compensation          
Other accrued expenses          
Total current liabilities (6,636) (1,975)    
Intercompany debt payable (105,446) (105,446)    
Long term senior term loans          
Long term portion of capitalized leases and other obligations          
Long term senior notes          
Junior subordinated debentures          
Deferred compensation          
Deferred income taxes, net (35,800) (33,433)    
Other non-current liabilities          
Total liabilities (147,882) (140,854)    
Common stock with put options:        
Commitments and Contingencies          
Preferred Stock:        
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at December 31, 2013.          
Common Stock:        
Common stock, $.01 par, 5,000 shares authorized, 4,839.1 issued and outstanding at March 31, 2014 and 4,838.8 issued and outstanding at December 31, 2013 (50) (50)    
Additional paid-in capital (9,139) 1,461    
Accumulated deficit 343,477 341,259    
Accumulated other comprehensive (loss) income 23,954 13,771    
Total stockholders' equity 358,242 356,441    
Total liabilities and stockholders' equity 210,360 215,587    
Consolidating Adjustments [Member] | Put Options [Member]
       
Common stock with put options:        
Common stock, $.01 par, 5,000 shares authorized, 160.9 issued and outstanding at March 31, 2014