Supplemental Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income

Three Months Ended September 30, 2017

				Guarantor
(In thousands)	Issuer			Subsidiaries			Eliminations			Total
Net sales	$	423,712		$	55,894		$	(53,102	)	$	426,504
Cost and expenses:
Cost of sales	(387,696		)	(51,052		)	52,167			(386,581		)
Selling, general and administrative expenses	(24,676		)	(9,796		)	—			(34,472		)
Total operating costs and expenses	(412,372		)	(60,848		)	52,167			(421,053		)
Income (loss) from operations	11,340			(4,954		)	(935		)	5,451
Interest expense, net	(7,407		)	(276		)	—			(7,683		)
Earnings (loss) before income taxes	3,933			(5,230		)	(935		)	(2,232		)
Income tax (provision) benefit	(1,847		)	4,589			353			3,095
Equity in loss of subsidiary	(641		)	—			641			—
Net earnings (loss)	$	1,445		$	(641	)	$	59		$	863
Other comprehensive income, net of tax	257			—			—			257
Comprehensive income (loss)	$	1,702		$	(641	)	$	59		$	1,120

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income

Nine Months Ended September 30, 2017

				Guarantor
(In thousands)	Issuer			Subsidiaries			Eliminations			Total
Net sales	$	1,263,467		$	196,399		$	(166,174	)	$	1,293,692
Cost and expenses:
Cost of sales	(1,137,931		)	(178,732		)	162,319			(1,154,344		)
Selling, general and administrative expenses	(71,445		)	(22,229		)	—			(93,674		)
Total operating costs and expenses	(1,209,376		)	(200,961		)	162,319			(1,248,018		)
Income (loss) from operations	54,091			(4,562		)	(3,855		)	45,674
Interest expense, net	(22,981		)	(418		)	—			(23,399		)
Earnings (loss) before income taxes	31,110			(4,980		)	(3,855		)	22,275
Income tax (provision) benefit	(11,857		)	4,582			1,415			(5,860		)
Equity in loss of subsidiary	(398		)	—			398			—
Net earnings (loss)	$	18,855		$	(398	)	$	(2,042	)	$	16,415
Other comprehensive income, net of tax	784			—			—			784
Comprehensive income (loss)	$	19,639		$	(398	)	$	(2,042	)	$	17,199

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income

Three Months Ended September 30, 2016

(In thousands)	Issuer			Guarantor Subsidiaries			Eliminations			Total
Net sales	$	421,617		$	70,912		$	(57,209	)	$	435,320
Cost and expenses:
Cost of sales	(388,817		)	(64,997		)	57,209			(396,605		)
Selling, general and administrative expenses	(27,453		)	(1,982		)	—			(29,435		)
Total operating costs and expenses	(416,270		)	(66,979		)	57,209			(426,040		)
Income from operations	5,347			3,933			—			9,280
Interest expense, net	(7,411		)	(109		)	—			(7,520		)
(Loss) earnings before income taxes	(2,064		)	3,824			—			1,760
Income tax benefit (provision)	661			(1,520		)	—			(859		)
Equity in income of subsidiary	2,304			—			(2,304		)	—
Net earnings	$	901		$	2,304		$	(2,304	)	$	901
Other comprehensive income, net of tax	1,759			—			—			1,759
Comprehensive income	$	2,660		$	2,304		$	(2,304	)	$	2,660

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income

Nine Months Ended September 30, 2016

(In thousands)	Issuer			Guarantor Subsidiaries			Eliminations			Total
Net sales	$	1,266,300		$	216,361		$	(173,466	)	$	1,309,195
Cost and expenses:
Cost of sales	(1,102,229		)	(198,340		)	173,466			(1,127,103		)
Selling, general and administrative expenses	(85,107		)	(9,778		)	—			(94,885		)
Total operating costs and expenses	(1,187,336		)	(208,118		)	173,466			(1,221,988		)
Income from operations	78,964			8,243			—			87,207
Interest expense, net	(22,427		)	(132		)	—			(22,559		)
Earnings before income taxes	56,537			8,111			—			64,648
Income tax provision	(20,933		)	(3,504		)	—			(24,437		)
Equity in income of subsidiary	4,607			—			(4,607		)	—
Net earnings	$	40,211		$	4,607		$	(4,607	)	$	40,211
Other comprehensive income, net of tax	2,585			—			—			2,585
Comprehensive income	$	42,796		$	4,607		$	(4,607	)	$	42,796

Condensed Consolidating Balance Sheet

Clearwater Paper Corporation

Consolidating Balance Sheet

At September 30, 2017

(In thousands)	Issuer			Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	8,478		$	—	$	—		$	8,478
Receivables, net	116,392			19,554		—			135,946
Taxes receivable	14,543			35		—			14,578
Inventories	221,233			40,455		(3,855		)	257,833
Other current assets	5,846			604		—			6,450
Total current assets	366,492			60,648		(3,855		)	423,285
Property, plant and equipment, net	898,859			115,976		—			1,014,835
Goodwill	244,283			—		—			244,283
Intangible assets, net	2,351			32,177		—			34,528
Intercompany receivable (payable)	(4,041		)	186		3,855			—
Investment in subsidiary	144,691			—		(144,691		)	—
Other assets, net	11,787			3,466		(3,173		)	12,080
TOTAL ASSETS	$	1,664,422		$	212,453	$	(147,864	)	$	1,729,011
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Borrowings under revolving credit facilities	$	110,000		$	—	$	—		$	110,000
Accounts payable and accrued liabilities	241,938			21,210		—			263,148
Current liability for pensions and   other postretirement employee benefits	7,821			—		—			7,821
Total current liabilities	359,759			21,210		—			380,969
Long-term debt	570,331			—		—			570,331
Liability for pensions and   other postretirement employee benefits	78,440			—		—			78,440
Other long-term obligations	40,800			142		—			40,942
Accrued taxes	1,721			836		—			2,557
Deferred tax liabilities	127,009			45,574		(3,173		)	169,410
TOTAL LIABILITIES	1,178,060			67,762		(3,173		)	1,242,649
Stockholders’ equity excluding accumulated other comprehensive loss	537,331			144,691		(144,691		)	537,331
Accumulated other comprehensive loss, net of tax	(50,969		)	—		—			(50,969		)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,664,422		$	212,453	$	(147,864	)	$	1,729,011

Clearwater Paper Corporation

Consolidating Balance Sheet

At December 31, 2016

(In thousands)	Issuer			Guarantor Subsidiaries			Eliminations			Total
ASSETS
Current assets:
Cash and cash equivalents	$	19,586		$	3,415		$	—		$	23,001
Receivables, net	130,098			27,252			(10,276		)	147,074
Taxes receivable	15,143			35			(5,469		)	9,709
Inventories	208,472			51,432			(1,875		)	258,029
Other current assets	8,161			521			—			8,682
Total current assets	381,460			82,655			(17,620		)	446,495
Property, plant and equipment, net	802,064			143,264			—			945,328
Goodwill	244,283			—			—			244,283
Intangible assets, net	3,135			37,350			—			40,485
Intercompany receivable (payable)	30,034			(31,909		)	1,875			—
Investment in subsidiary	145,089			—			(145,089		)	—
Other assets, net	8,433			2,853			(3,535		)	7,751
TOTAL ASSETS	$	1,614,498		$	234,213		$	(164,369	)	$	1,684,342
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Borrowings under revolving credit facilities	$	135,000		$	—		$	—		$	135,000
Accounts payable and accrued liabilities	202,187			37,257			(15,745		)	223,699
Current liability for pensions and   other postretirement employee benefits	7,821			—			—			7,821
Total current liabilities	345,008			37,257			(15,745		)	366,520
Long-term debt	569,755			—			—			569,755
Liability for pensions and   other postretirement employee benefits	81,812			—			—			81,812
Other long-term obligations	41,424			352			—			41,776
Accrued taxes	1,614			820			—			2,434
Deferred tax liabilities	105,012			50,695			(3,535		)	152,172
TOTAL LIABILITIES	1,144,625			89,124			(19,280		)	1,214,469
Stockholders’ equity excluding accumulated other comprehensive loss	521,626			145,089			(145,089		)	521,626
Accumulated other comprehensive loss, net of tax	(51,753		)	—			—			(51,753		)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,614,498		$	234,213		$	(164,369	)	$	1,684,342

Condensed Consolidating Statement of Cash Flows

learwater Paper Corporation

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2017

(In thousands)	Issuer			Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	$	18,855		$	(398	)	$	(2,042	)	$	16,415
Adjustments to reconcile net earnings (loss) to   net cash flows from operating activities:
Depreciation and amortization	56,642			22,826			—			79,468
Equity-based compensation expense	2,523			—			—			2,523
Deferred tax provision (benefit)	19,531			(4,929		)	—			14,602
Employee benefit plans	(2,999		)	—			—			(2,999		)
Disposal of plant and equipment, net	481			3,274			—			3,755
Other, net	874			—			—			874
Changes in working capital, net	32,501			3,896			7,449			43,846
Changes in taxes receivable, net	600			—			(5,469		)	(4,869		)
Other, net	(413		)	(1,026		)	—			(1,439		)
Net cash flows from operating activities	128,595			23,643			(62		)	152,176
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(132,725		)	(3,925		)	—			(136,650		)
Other, net	283			470			—			753
Net cash flows from investing activities	(132,442		)	(3,455		)	—			(135,897		)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock	(4,875		)	—			—			(4,875		)
Borrowings on revolving credit facilities	185,000			—			—			185,000
Repayments of borrowings on revolving credit facilities	(210,000		)	—			—			(210,000		)
Investment from (to) parent	23,541			(23,603		)	62			—
Other, net	(927		)	—			—			(927		)
Net cash flows from financing activities	(7,261		)	(23,603		)	62			(30,802		)
Decrease in cash and cash equivalents	(11,108		)	(3,415		)	—			(14,523		)
Cash and cash equivalents at beginning of period	19,586			3,415			—			23,001
Cash and cash equivalents at end of period	$	8,478		$	—		$	—		$	8,478

Clearwater Paper Corporation

Consolidating Statement of Cash Flows

Nine Months Ended September 30, 2016

(In thousands)	Issuer			Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$	40,211		$	4,607		$	(4,607	)	$	40,211
Adjustments to reconcile net earnings to net   cash flows from operating activities:
Depreciation and amortization	50,214			15,707			—			65,921
Equity-based compensation expense	9,826			—			—			9,826
Deferred tax provision (benefit)	11,641			1,826			(1,138		)	12,329
Employee benefit plans	(500		)	—			—			(500		)
Disposal of plant and equipment, net	30			—			—			30
Other, net	471			13			—			484
Changes in working capital, net	1,961			4,531			(2,447		)	4,045
Changes in taxes receivable, net	6,178			(1,408		)	2,447			7,217
Other, net	(1,205		)	(613		)	1,138			(680		)
Net cash flows from operating activities	118,827			24,663			(4,607		)	138,883
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(99,912		)	(5,602		)	—			(105,514		)
Other, net	250			—			—			250
Net cash flows from investing activities	(99,662		)	(5,602		)	—			(105,264		)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock	(51,528		)	—			—			(51,528		)
Borrowings on revolving credit facilities	944,844			—			—			944,844
Repayments of borrowings on revolving credit facilities	(931,832		)	—			—			(931,832		)
Investment from (to) parent	14,454			(19,061		)	4,607			—
Other, net	(382		)	—			—			(382		)
Net cash flows from financing activities	(24,444		)	(19,061		)	4,607			(38,898		)
Decrease in cash and cash equivalents	(5,279		)	—			—			(5,279		)
Cash and cash equivalents at beginning of period	5,610			—			—			5,610
Cash and cash equivalents at end of period	$	331		$	—		$	—		$	331