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Summary Of Significant Accounting Polices (Tables)
9 Months Ended
Sep. 23, 2012
Accounting Policies [Abstract]  
Effects Of Adjustment On Loss Per Share
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
 
September 25, 2011
 
September 25, 2011
Loss attributable to Checkpoint Systems, Inc. per share
Basic
EPS

 
Diluted
EPS

 
Basic
EPS

 
Diluted
EPS

As Previously Reported
$
(1.21
)
 
$
(1.21
)
 
$
(1.21
)
 
$
(1.21
)
Revision Adjustments:
 
 
 
 
 
 
 
Canada Adjustments
0.01

 
0.01

 
0.04

 
0.04

As Revised for Revision Adjustments
$
(1.20
)
 
$
(1.20
)
 
$
(1.17
)
 
$
(1.17
)
Discontinued Operations Adjustments

 

 

 

As Revised in this Quarterly Report on Form 10-Q
$
(1.20
)
 
$
(1.20
)
 
$
(1.17
)
 
$
(1.17
)
Effects Of Adjustment On Net Loss Attributable To Parent And (Loss) Income From Continuing Operations
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
 
September 25, 2011
 
September 25, 2011
(amounts in thousands)
Net Loss
Attributable to
Checkpoint
Systems, Inc.

 
Loss from Continuing
 Operations
Before Income
Taxes

 
Net
Loss
Attributable to
Checkpoint
Systems, Inc.

 
Loss from Continuing
 Operations
Before Income
Taxes

As Previously Reported
$
(49,259
)
 
$
(10,623
)
 
$
(49,050
)
 
$
(10,727
)
Revision Adjustments:
 
 
 
 
 
 
 
Canada Adjustments
597

 
797

 
1,535

 
2,050

As Revised for Revision Adjustments
$
(48,662
)
 
$
(9,826
)
 
$
(47,515
)
 
$
(8,677
)
Discontinued Operations Adjustments

 
636

 

 
1,874

As Revised in this Quarterly Report on Form 10-Q
$
(48,662
)
 
$
(9,190
)
 
$
(47,515
)
 
$
(6,803
)
Effects Of Adjustment On Income Tax Expense And Operating Loss
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
 
September 25, 2011
 
September 25, 2011
(amounts in thousands)
Income Tax
Expense

 
Operating
Loss

 
Income Tax
Expense

 
Operating
Loss

As Previously Reported
$
38,588

 
$
(8,603
)
 
$
38,273

 
$
(6,574
)
Revision Adjustments:
 
 
 
 
 
 
 
Canada Adjustments
200

 
797

 
515

 
2,050

As Revised for Revision Adjustments
$
38,788

 
$
(7,806
)
 
$
38,788

 
$
(4,524
)
Discontinued Operations Adjustments
(433
)
 
636

 

 
1,874

As Revised in this Quarterly Report on Form 10-Q
$
38,355

 
$
(7,170
)
 
$
38,788

 
$
(2,650
)
Consolidated Statements Of Operations
CONSOLIDATED STATEMENTS OF OPERATIONS
 
Quarter
 
(13 weeks) Ended
 
September 25, 2011
(amounts in thousands, except per share data)
As Previously
Reported

 
As Revised
for Revision
Adjustments

 
As Revised in
this Quarterly
Report on
Form 10-Q

Net revenues
$
218,126

 
$
218,126

 
$
215,049

Cost of revenues
136,506

 
136,506

 
133,961

Gross profit
81,620

 
81,620

 
81,088

Selling, general, and administrative expenses
69,943

 
68,857

 
67,802

Research and development
5,476

 
5,476

 
5,476

Restructuring expenses
17,392

 
17,392

 
17,279

Acquisition costs
2

 
2

 
2

Other expense

 
289

 
289

Other operating income
2,590

 
2,590

 
2,590

Operating loss
(8,603
)
 
(7,806
)
 
(7,170
)
Interest income
984

 
984

 
984

Interest expense
2,221

 
2,221

 
2,221

Other gain (loss), net
(783
)
 
(783
)
 
(783
)
Loss from continuing operations before income taxes
(10,623
)
 
(9,826
)
 
(9,190
)
Income taxes
38,588

 
38,788

 
38,355

Net loss from continuing operations
(49,211
)
 
(48,614
)
 
(47,545
)
Loss from discontinued operations, net of tax expense of $0, $0, and $433

 

 
(1,069
)
Net loss
(49,211
)
 
(48,614
)
 
(48,614
)
Less: gain attributable to non-controlling interests
48

 
48

 
48

Net loss attributable to Checkpoint Systems, Inc.
$
(49,259
)
 
$
(48,662
)
 
$
(48,662
)
Basic loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(1.21
)
 
$
(1.20
)
 
$
(1.17
)
Loss from discontinued operations, net of tax

 

 
(0.03
)
Basic loss attributable to Checkpoint Systems, Inc. per share
$
(1.21
)
 
$
(1.20
)
 
$
(1.20
)
Diluted loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(1.21
)
 
$
(1.20
)
 
$
(1.17
)
Loss from discontinued operations, net of tax

 

 
(0.03
)
Diluted loss attributable to Checkpoint Systems, Inc. per share
$
(1.21
)
 
$
(1.20
)
 
$
(1.20
)

The As Revised in this Quarterly Report on Form 10-Q amounts include the effects of discontinued operations presentation on previously reported amounts. Refer to Note 14 to the Consolidated Financial Statements for discontinued operations presentation adjustments to previously reported amounts.

 
Nine Months
 
(39 weeks) Ended
 
September 25, 2011
(amounts in thousands, except per share data)
As Previously
Reported

 
As Revised
for Revision
Adjustments

 
As Revised in
this Quarterly
Report on
Form 10-Q

Net revenues
$
622,730

 
$
622,730

 
$
613,745

Cost of revenues
385,244

 
385,244

 
377,588

Gross profit
237,486

 
237,486

 
236,157

Selling, general, and administrative expenses
225,021

 
222,384

 
219,294

Research and development
15,612

 
15,612

 
15,612

Restructuring expenses
20,484

 
20,484

 
20,371

Acquisition costs
2,205

 
2,205

 
2,205

Other expense

 
587

 
587

Other operating income
19,262

 
19,262

 
19,262

Operating loss
(6,574
)
 
(4,524
)
 
(2,650
)
Interest income
2,677

 
2,677

 
2,677

Interest expense
5,781

 
5,781

 
5,781

Other gain (loss), net
(1,049
)
 
(1,049
)
 
(1,049
)
Loss from continuing operations before income taxes
(10,727
)
 
(8,677
)
 
(6,803
)
Income taxes expense
38,273

 
38,788

 
38,788

Net loss from continuing operations
(49,000
)
 
(47,465
)
 
(45,591
)
Loss from discontinued operations, net of tax expense of $0, $0, and $0

 

 
(1,874
)
Net loss
(49,000
)
 
(47,465
)
 
(47,465
)
Less: gain attributable to non-controlling interests
50

 
50

 
50

Net loss attributable to Checkpoint Systems, Inc.
$
(49,050
)
 
$
(47,515
)
 
$
(47,515
)
Basic loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(1.21
)
 
$
(1.17
)
 
$
(1.13
)
Loss from discontinued operations, net of tax

 

 
(0.04
)
Basic loss attributable to Checkpoint Systems, Inc. per share
$
(1.21
)
 
$
(1.17
)
 
$
(1.17
)
Diluted loss attributable to Checkpoint Systems, Inc. per share:
 
 
 
 
 
Loss from continuing operations
$
(1.21
)
 
$
(1.17
)
 
$
(1.13
)
Loss from discontinued operations, net of tax

 

 
(0.04
)
Diluted loss attributable to Checkpoint Systems, Inc. per share
$
(1.21
)
 
$
(1.17
)
 
$
(1.17
)
Consolidated Statements Of Comprehensive Loss
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
 
Quarter
 
Nine Months
 
(13 weeks) Ended
 
(39 weeks) Ended
 
September 25, 2011
 
September 25, 2011
(amounts in thousands)
As
Previously
Reported

 
As Revised in
this Quarterly
Report on
Form 10-Q

 
As
Previously
Reported

 
As Revised in
this Quarterly
Report on
Form 10-Q

Net loss
$
(49,211
)
 
$
(48,614
)
 
$
(49,000
)
 
$
(47,465
)
Amortization of pension plan actuarial losses, net of tax
253

 
253

 
9

 
9

Change in realized and unrealized gains on derivative hedges, net of tax
1,814

 
1,814

 
52

 
52

Foreign currency translation adjustment
(12,464
)
 
(12,423
)
 
9,621

 
9,594

Comprehensive loss
(59,608
)
 
(58,970
)
 
(39,318
)
 
(37,810
)
Less: comprehensive income attributable to non-controlling interests
48

 
48

 
50

 
50

Comprehensive loss attributable to Checkpoint Systems, Inc.
$
(59,656
)
 
$
(59,018
)
 
$
(39,368
)
 
$
(37,860
)
Consolidated Statements Of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(amounts in thousands)
September 25, 2011
Nine months (39 weeks) ended
As
Previously
Reported

 
As Revised in
this Quarterly
Report on
Form 10-Q

Cash flows from operating activities:
 
 
 
Net loss
$
(49,000
)
 
$
(47,465
)
Adjustments to reconcile net loss to net cash provided by operating activities:
 

 
 
Depreciation and amortization
27,367

 
27,367

Deferred taxes
47,530

 
48,045

Stock-based compensation
6,208

 
6,208

Provision for losses on accounts receivable
2,237

 
2,237

Excess tax benefit on stock compensation
(598
)
 
(598
)
Gain on disposal of fixed assets
(19
)
 
(19
)
Restructuring-related asset impairment
7,479

 
7,479

Increase in current assets, net of the effects of acquired companies:
 

 
 
Accounts receivable
(1,850
)
 
(2,035
)
Inventories
(35,199
)
 
(35,329
)
Other current assets
(29,458
)
 
(29,507
)
Increase (decrease) in current liabilities, net of the effects of acquired companies:
 

 
 
Accounts payable
4,405

 
4,242

Income taxes
(2,850
)
 
(2,869
)
Unearned revenues
11,798

 
11,798

Restructuring reserve
7,526

 
7,526

Other current and accrued liabilities
7,150

 
7,855

Net cash provided by operating activities
2,726

 
4,935

Cash flows from investing activities:
 
 
 
Acquisition of property, plant, and equipment and intangibles
(14,424
)
 
(14,424
)
Acquisition of businesses, net of cash acquired
(75,937
)
 
(75,937
)
Change in restricted cash
(82
)
 
(82
)
Other investing activities
408

 
408

Net cash used in investing activities
(90,035
)
 
(90,035
)
Cash flows from financing activities:
 
 
 
Proceeds from stock issuances
2,336

 
2,336

Excess tax benefit on stock compensation
598

 
598

Proceeds from short-term debt
16

 
16

Payment of short-term debt
(1,612
)
 
(1,612
)
Net change in factoring and bank overdrafts
(2,391
)
 
(2,391
)
Proceeds from long-term debt
63,750

 
63,750

Payment of long-term debt
(47,701
)
 
(47,701
)
Net cash provided by financing activities
14,996

 
14,996

Effect of foreign currency rate fluctuations on cash and cash equivalents
4,116

 
4,031

Net decrease in cash and cash equivalents
(68,197
)
 
(66,073
)
Cash and cash equivalents:
 

 
 

Beginning of period
173,802

 
172,473

End of period
$
105,605

 
$
106,400

Schedule Of Movement Of Warranty Reserves
The following table sets forth the movement in the warranty reserve which is located in the Other Accrued Expenses section of our Consolidated Balance Sheets:
(amounts in thousands)
 
Nine months ended
September 23,
2012

Balance at beginning of year
$
5,857

Accruals for warranties issued, net
4,176

Settlements made
(4,182
)
Foreign currency translation adjustment
31

Balance at end of period
$
5,882