Guarantor Subsidiaries

3 Months Ended

Dec. 31, 2011

Guarantor Subsidiaries [Abstract]

GUARANTOR SUBSIDIARIES

12. GUARANTOR SUBSIDIARIES

As discussed in Note 6, in February 2007, American Pacific Corporation, a Delaware corporation (“Parent”) issued and sold $110,000 aggregate principal amount of Senior Notes. In connection with the issuance of the Senior Notes, the Parent’s material U.S. subsidiaries (“Guarantor Subsidiaries”) jointly, fully, severally, and unconditionally guaranteed the Senior Notes. The Parent’s foreign subsidiaries (“Non-Guarantor Subsidiaries”) are not guarantors of the Senior Notes. Each of the Parent’s subsidiaries is 100% owned. The Parent has no independent assets or operations. The following presents condensed consolidating financial information separately for the Parent, Guarantor Subsidiaries and Non-Guarantor Subsidiaries.

Condensed Consolidating Statement o0f Operations - Three Months Ended December 31, 2011
	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	—	$	48,584		$	2,867		$	(169	)	$	51,282
Cost of Revenues		—		34,073			1,869			(169	)		35,773
Gross Profit		—		14,511			998			—			15,509
Operating Expenses, Net		—		11,189			928			—			12,117
Operating Income		—		3,322			70			—			3,392
Interest and Other Income		2,614		24			(251	)		(2,614	)		(227	)
Interest Expense		2,614		2,638			1			(2,614	)		2,639
Income (Loss) before Income Tax and Equity Account for Subsidiaries		—		708			(182	)		—			526
Income Tax Benefit		—		305			70			—			375
Income (Loss) before Equity Account for Subsidiaries		—		403			(252	)		—			151
Equity Account for Subsidiaries		151		(252	)		—			101			—
Net Income (Loss)	$	151	$	151		$	(252	)	$	101		$	151

Condensed Consolidating Statement of Operations - Three Months Ended December 31, 2010

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues	$	—		$	32,902		$	2,360		$	(78	)	$	35,184
Cost of Revenues		—			27,209			1,437			(78	)		28,568
Gross Profit		—			5,693			923			—			6,616
Operating Expenses, Net		—			9,296			790			—			10,086
Operating Income (Loss)		—			(3,603	)		133			—			(3,470	)
Interest and Other Income		2,696			53			(186	)		(2,696	)		(133	)
Interest Expense		2,696			2,713			1			(2,696	)		2,714
Loss before Income Tax and Equity Account for Subsidiaries		—			(6,263	)		(54	)		—			(6,317	)
Income Tax Benefit		—			(2,745	)		47			—			(2,698	)
Loss before Equity Account for Subsidiaries		—			(3,518	)		(101	)		—			(3,619	)
Equity Account for Subsidiaries		(3,619	)		(101	)		—			3,720			—
Net Loss	$	(3,619	)	$	(3,619	)	$	(101	)	$	3,720		$	(3,619	)

Condensed Consolidating Balance Sheet - December 31, 2011
	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets:
Cash and Cash Equivalents	$	—	$	17,584	$	661	$	—		$	18,245
Accounts Receivable, Net		—		52,378		5,941		(908	)		57,411
Inventories		—		42,703		1,103		—			43,806
Prepaid Expenses and Other Assets		—		4,221		387		—			4,608
Income Taxes Receivable and Deferred Income Taxes		—		7,685		—		—			7,685
Total Current Assets		—		124,571		8,092		(908	)		131,755
Property, Plant and Equipment, Net		—		107,603		2,033		—			109,636
Intangible Assets, Net		—		—		497		—			497
Goodwill		—		—		2,790		—			2,790
Deferred Income Taxes		—		14,451		70		—			14,521
Other Assets		—		9,952		468		—			10,420
Intercompany Advances		73,940		5,658		—		(79,598	)		—
Investment in Subsidiaries, Net		80,941		4,417		—		(85,358	)		—
Total Assets	$	154,881	$	266,652	$	13,950	$	(165,864	)	$	269,619
Liabilities and Stockholders’ Equity:
Accounts Payable and Other Current Liabilities	$	—	$	25,086	$	2,287	$	(908	)	$	26,465
Environmental Remediation Reserves		—		11,883		—		—			11,883
Deferred Revenues and Customer Deposits		—		20,047		1,558		—			21,605
Current Portion of Long-Term Debt		—		24		30		—			54
Intercompany Advances		—		73,940		5,658		(79,598	)		—
Total Current Liabilities		—		130,980		9,533		(80,506	)		60,007
Long-Term Debt		105,000		28		—		—			105,028
Environmental Remediation Reserves		—		13,780		—		—			13,780
Pension Obligations and Other Long-Term Liabilities		—		40,923		—		—			40,923
Total Liabilities		105,000		185,711		9,533		(80,506	)		219,738
Total Stockholders’ Equity		49,881		80,941		4,417		(85,358	)		49,881
Total Liabilities and Stockholders’ Equity	$	154,881	$	266,652	$	13,950	$	(165,864	)	$	269,619

Condensed Consolidating Balance Sheet - September 30, 2011

	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets:
Cash and Cash Equivalents	$	—	$	30,126	$	577	$	—		$	30,703
Accounts Receivable, Net		—		41,661		5,247		(552	)		46,356
Inventories		—		37,992		1,162		—			39,154
Prepaid Expenses and Other Assets		—		3,739		402		—			4,141
Income Taxes Receivable and Deferred Income Taxes		—		7,693		—		—			7,693
Total Current Assets		—		121,211		7,388		(552	)		128,047
Property, Plant and Equipment, Net		—		110,164		2,068		—			112,232
Intangible Assets, Net		—		—		585		—			585
Goodwill		—		—		2,930		—			2,930
Deferred Income Taxes		—		14,724		64		—			14,788
Other Assets		—		9,432		636		—			10,068
Intercompany Advances		73,940		5,179		—		(79,119	)		—
Investment in Subsidiaries, Net		80,767		4,861		—		(85,628	)		—
Total Assets	$	154,707	$	265,571	$	13,671	$	(165,299	)	$	268,650
Liabilities and Stockholders’ Equity:
Accounts Payable and Other Current Liabilities	$	—	$	27,918	$	2,059	$	(552	)	$	29,425
Environmental Remediation Reserves		—		11,999		—		—			11,999
Deferred Revenues and Customer Deposits		—		11,204		1,526		—			12,730
Current Portion of Long-Term Debt		—		23		46		—			69
Intercompany Advances		—		73,940		5,179		(79,119	)		—
Total Current Liabilities		—		125,084		8,810		(79,671	)		54,223
Long-Term Debt		105,000		34		—		—			105,034
Environmental Remediation Reserves		—		14,174		—		—			14,174
Pension Obligations and Other Long-Term Liabilities		—		45,512		—		—			45,512
Total Liabilities		105,000		184,804		8,810		(79,671	)		218,943
Total Stockholders’ Equity		49,707		80,767		4,861		(85,628	)		49,707
Total Liabilities and Stockholders’ Equity	$	154,707	$	265,571	$	13,671	$	(165,299	)	$	268,650

Condensed Consolidating Statement of Cash Flows - Three Months Ended December 31, 2011

	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Used by Operating Activities	$	—	$	(10,938	)	$	(332	)	$	—	$	(11,270	)
Cash Flows from Investing Activities:
Capital expenditures		—		(1,239	)		(39	)		—		(1,278	)
Other investing activities		—		120			—					120
Net Cash Used by Investing Activities		—		(1,119	)		(39	)		—		(1,158	)
Cash Flows from Financing Activities:
Payments of long-term debt		—		(6	)		(14	)		—		(20	)
Intercompany advances, net		—		(479	)		479			—		—
Net Cash Provided (Used) by Financing Activities		—		(485	)		465			—		(20	)
Effect of Changes in Currency Exchange Rates		—		—			(10	)				(10	)
Net Change in Cash and Cash Equivalents		—		(12,542	)		84			—		(12,458	)
Cash and Cash Equivalents, Beginning of Period		—		30,126			577			—		30,703
Cash and Cash Equivalents, End of Period	$	—	$	17,584		$	661		$	—	$	18,245

Condensed Consolidating Statement of Cash Flows - Three Months Ended December 31, 2010

	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by Operating Activities	$	—	$	8,409		$	838		$	—	$	9,247
Cash Flows from Investing Activities:
Capital expenditures		—		(2,238	)		(255	)		—		(2,493	)
Net Cash Used by Investing Activities		—		(2,238	)		(255	)		—		(2,493	)
Cash Flows from Financing Activities:
Payments of long-term debt		—		(4	)		(12	)		—		(16	)
Intercompany advances, net		—		(150	)		150			—		—
Net Cash Provided (Used) by Financing Activities		—		(154	)		138			—		(16	)
Effect of Changes in Currency Exchange Rates		—		—			(18	)				(18	)
Net Change in Cash and Cash Equivalents		—		6,017			703			—		6,720
Cash and Cash Equivalents, Beginning of Period		—		22,991			994			—		23,985
Cash and Cash Equivalents, End of Period	$	—	$	29,008		$	1,697		$	—	$	30,705