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Guarantor Financial Information
 12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Guarantor Financial Information Guarantor Financial Information
As described in Note 12 - Subsequent Event, the Company plans to commence an exchange offer to holders of the Second Lien Notes to exchange shares of its common stock and its new 3.00% Cash / 5.00% PIK Convertible Senior Secured Notes due 2024 (the "New Notes") in exchange for any and all outstanding Second Lien Notes. The New Notes, to be issued by A.M. Castle & Co. (the “Parent”), will be unconditionally guaranteed on a joint and several basis by all current and future domestic subsidiaries of the Parent (other than those designated as unrestricted subsidiaries) and the parent’s subsidiaries in Canada and Mexico (collectively, the “Guarantors”). Each guarantor is 100% owned by the Parent.
Under the proposed exchange offer, the guarantees of the Guarantors will be subject to release in limited circumstances, only upon the occurrence of certain customary conditions. There will be no significant restrictions on the ability of the parent company or any guarantor to obtain funds from its subsidiaries by dividend or loan.
The accompanying financial statements have been prepared and presented pursuant to Rule 3-10 of SEC Regulation S-X “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.” The financial statements present condensed consolidating financial information for the Parent, the
Guarantors, the non-guarantor subsidiaries (all other subsidiaries) and an elimination column for adjustments to arrive at the information for the Parent, Guarantors, and non-guarantors on a consolidated basis. The condensed consolidating financial information has been prepared on the same basis as the consolidated statements of the Parent. The equity method of accounting is followed within this financial information.

Condensed Consolidated Statements of Operations
and Comprehensive Loss
For the year ended December 31, 2019
Parent  Guarantors  Non-Guarantors  Eliminations  Consolidated
Net sales$361,232  $92,576  $106,528  $(745) $559,591  
Costs and expenses:
Cost of materials (exclusive of depreciation)257,387  73,347  88,817  (745) 418,806  
Warehouse, processing and delivery expense59,569  11,152  6,846  —  77,567  
Sales, general and administrative expense53,467  4,782  6,308  —  64,557  
Depreciation expense7,128  982  649  —  8,759  
Total costs and expenses377,551  90,263  102,620  (745) 569,689  
Operating (loss) income(16,319) 2,313  3,908  —  (10,098) 
Interest expense, net38,792  1,076  34  —  39,902  
Other income, net(6,085) (1,173) 672  —  (6,586) 
(Loss) income before income taxes(49,026) 2,410  3,202  —  (43,414) 
Income tax (benefit) expense(5,894) 236  759  —  (4,899) 
Equity in earnings of subsidiaries(4,617) —  —  4,617  —  
Net (loss) income$(38,515) $2,174  $2,443  $(4,617) $(38,515) 
Comprehensive (loss) income$(37,541) $1,075  $2,434  $(3,509) $(37,541) 
Condensed Consolidated Statements of Operations
and Comprehensive Loss
For the year ended December 31, 2018
Parent  Guarantors  Non-Guarantors  Eliminations  Consolidated
Net sales$379,213  $109,922  $92,934  $(99) $581,970  
Costs and expenses:
Cost of materials (exclusive of depreciation)274,037  84,970  78,144  (99) 437,052  
Warehouse, processing and delivery expense63,660  12,807  7,168  —  83,635  
Sales, general and administrative expense58,352  4,762  5,819  —  68,933  
Depreciation expense7,462  922  698  —  9,082  
Total costs and expenses403,511  103,461  91,829  (99) 598,702  
Operating (loss) income(24,298) 6,461  1,105  —  (16,732) 
Interest expense, net31,787  1,061  324  —  33,172  
Other income, net(7,894) 1,970  (2,056) —  (7,980) 
(Loss) income before income taxes(48,191) 3,430  2,837  —  (41,924) 
Income tax (benefit) expense(6,714) 1,593  342  —  (4,779) 
Equity in earnings of subsidiaries(4,332) —  —  4,332  —  
Net (loss) income$(37,145) $1,837  $2,495  $(4,332) $(37,145) 
Comprehensive (loss) income$(48,824) $2,082  $(242) $(1,840) $(48,824) 
Condensed Consolidating Balance Sheet
As of December 31, 2019
ParentGuarantorsNon-GuarantorsEliminationsConsolidated
Assets
Current assets:
Cash and cash equivalents$1,000  $2,295  $3,138  $—  $6,433  
Accounts receivable, less allowance for doubtful accounts43,321  16,147  15,229  —  74,697  
Inventories95,252  26,154  23,005  —  144,411  
Prepaid expenses and other current assets4,074  4,190  3,399  —  11,663  
Total current assets143,647  48,786  44,771  —  237,204  
Goodwill and intangible assets8,176  —  —  —  8,176  
Operating right-of-use assets18,825  6,259  4,339  —  29,423  
Other non-current assets8,362  234  (512) —  8,084  
Investment in subsidiaries95,599  —  —  (95,599) —  
Receivables from affiliates60,388  60,547  8,551  (129,486) —  
Property, plant and equipment, net38,483  5,741  3,215  —  47,439  
Total assets$373,480  $121,567  $60,364  $(225,085) $330,326  
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities:
Accounts payable$32,280  $5,800  $3,665  $—  $41,745  
Other current liabilities12,615  4,231  2,048  —  18,894  
Short-term borrowings—  —  2,888  —  2,888  
Total current liabilities44,895  10,031  8,601  —  63,527  
Long-term debt, less current portion263,523  —  —  —  263,523  
Payables due to affiliates69,098  48,174  12,214  (129,486) —  
Deferred income taxes3,637  —  138  —  3,775  
Non-current operating lease liabilities15,590  3,894  3,276  —  22,760  
Other non-current liabilities17,807  —  4  —  17,811  
Stockholders’ (deficit) equity(41,070) 59,468  36,131  (95,599) (41,070) 
Total liabilities and stockholders’ (deficit) equity$373,480  $121,567  $60,364  $(225,085) $330,326  
Condensed Consolidating Balance Sheet
As of December 31, 2018
ParentGuarantorsNon-GuarantorsEliminationsConsolidated
Assets
Current assets:
Cash and cash equivalents$3,079  $4,030  $1,559  $—  $8,668  
Accounts receivable, less allowance for doubtful accounts44,327  18,754  16,676  —  79,757  
Receivables from affiliates7  —  —  (7) —  
Inventories104,882  28,191  27,613  —  160,686  
Prepaid expenses and other current assets6,263  6,205  3,144  —  15,612  
Total current assets158,558  57,180  48,992  (7) 264,723  
Goodwill and intangible assets8,176  —  —  —  8,176  
Other non-current assets3,789  188  316  —  4,293  
Investment in subsidiaries92,065  —  —  (92,065) —  
Receivables from affiliates68,169  60,547  4,954  (133,670) —  
Property, plant and equipment, net43,698  6,128  3,374  —  53,200  
Total assets$374,455  $124,043  $57,636  $(225,742) $330,392  
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities:
Accounts payable$31,802  $6,014  $4,903  $—  $42,719  
Payables due to affiliates—  7  —  (7) —  
Other current liabilities13,484  4,171  684  —  18,339  
Short-term borrowings—  —  5,498  —  5,498  
Total current liabilities45,286  10,192  11,085  (7) 66,556  
Long-term debt, less current portion245,966  —  —  —  245,966  
Payables due to affiliates65,502  55,412  12,756  (133,670) —  
Deferred income taxes7,421  —  119  —  7,540  
Other non-current liabilities19,641  44  6  —  19,691  
Stockholders’ (deficit) equity(9,361) 58,395  33,670  (92,065) (9,361) 
Total liabilities and stockholders’ (deficit) equity$374,455  $124,043  $57,636  $(225,742) $330,392  
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2019
ParentGuarantorsNon-GuarantorsEliminationsConsolidated
Operating activities:
Net (loss) income$(38,515) $2,174  $2,443  $(4,617) $(38,515) 
Equity in earnings of subsidiaries(4,617) —  —  4,617  —  
Adjustments to reconcile net (loss) income to net cash from (used in) operating activities38,892  4,113  6,334  —  49,339  
Net cash from (used in) operating activities(4,240) 6,287  8,777  —  10,824  
Investing activities:
Capital expenditures(2,154) (1,337) (530) —  (4,021) 
Proceeds from sale of property, plant and equipment8  434  —  —  442  
Net advances to subsidiaries11,377  —  —  (11,377) —  
Net cash used in investing activities9,231  (903) (530) (11,377) (3,579) 
Financing activities:
Proceeds from long-term debt including credit facilities3,500  —  —  —  3,500  
Repayments of long-term debt including credit facilities(9,988) —  —  —  (9,988) 
Net intercompany (repayments) borrowings—  (7,238) (4,139) 11,377  —  
Other financing(582) —  (2,490) —  (3,072) 
Net cash (used in) from financing activities(7,070) (7,238) (6,629) 11,377  (9,560) 
Effect of exchange rate changes on cash and cash equivalents—  119  (39) —  80  
Net change in cash and cash equivalents(2,079) (1,735) 1,579  —  (2,235) 
Cash and cash equivalents—beginning of year3,079  4,030  1,559  —  8,668  
Cash and cash equivalents—end of year$1,000  $2,295  $3,138  $—  $6,433  
Condensed Consolidating Statement of Cash Flows
For the year ended December 31, 2018
ParentGuarantorsNon-GuarantorsEliminationsConsolidated
Operating activities:
Net (loss) income$(37,145) $1,837  $2,495  $(4,332) $(37,145) 
Equity in earnings of subsidiaries(4,332) —  —  4,332  —  
Adjustments to reconcile net (loss) income to net cash (used in) from operating activities17,961  (416) (4,181) —  13,364  
Net cash (used in) from operating activities(23,516) 1,421  (1,686) —  (23,781) 
Investing activities:
Capital expenditures(4,130) (848) (709) —  (5,687) 
Proceeds from sale of property, plant and equipment8  —  69  —  77  
Net advances to subsidiaries392  —  —  (392) —  
Net cash from (used in) investing activities(3,730) (848) (640) (392) (5,610) 
Financing activities:
Proceeds from long-term debt including credit facilities49,954  —  —  —  49,954  
Repayments of long-term debt including credit facilities(21,130) —  —  —  (21,130) 
Net intercompany (repayments) borrowings—  58  (450) 392  —  
Other financing(1,396) —  (115) —  (1,511) 
Net cash from (used in) financing activities27,428  58  (565) 392  27,313  
Effect of exchange rate changes on cash and cash equivalents—  (261) (97) —  (358) 
Net change in cash and cash equivalents182  370  (2,988) —  (2,436) 
Cash and cash equivalents—beginning of year2,897  3,660  4,547  —  11,104  
Cash and cash equivalents—end of year$3,079  $4,030  $1,559  $—  $8,668