XML 78 R108.htm IDEA: XBRL DOCUMENT v2.4.0.6
Guarantor/Non-Guarantor Financial Information (Details 2) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 02, 2012
Aug. 26, 2012
May 27, 2012
Feb. 26, 2012
Nov. 27, 2011
Aug. 28, 2011
May 29, 2011
Feb. 27, 2011
Dec. 02, 2012
Nov. 27, 2011
Nov. 28, 2010
Supplemental condensed consolidating statements of operations                      
Net sales $ 358,115 $ 365,434 $ 312,031 $ 312,290 $ 269,259 $ 334,067 $ 321,296 $ 305,529 $ 1,347,870 $ 1,230,151 $ 1,219,471
Cost and expenses:                      
Cost of goods sold                 808,363 751,449 709,971
Selling, general and administrative                 455,045 414,235 398,053
Asset impairment loss                 827    
Amortization expense                 678 289 289
Restructuring expenses                 2,421    
Royalty (income) expense, net                 (20,070) (19,413) (17,529)
Income from operations                 100,606 83,591 128,687
Interest expense                 89,305 87,743 85,617
Refinancing and extinguishment of debt                 3,748 1,222 3,759
Other (income) expense, net                 (605) (451) (226)
Income (loss) before income taxes                 8,158 (4,923) 39,537
Income tax provision                 12,548 4,104 18,488
Equity in earnings of unconsolidated affiliates                 5,175 3,371 3,611
Income (loss) from continuing operations (3,746) 110 2,815 1,606 (14,025) 7,489 750 130 785 (5,656) 24,660
Loss from discontinued operations (148) (307) (1,137) (370) (1,182) (891) (1,127) (1,032) (1,962) (4,232) (38,399)
Net loss                 (1,177) (9,888) (13,739)
Net loss attributable to noncontrolling interests (1,096) (91)             1,187    
Net income (loss) attributable to common shareholders (2,798) (106) 1,678 1,236 (15,207) 6,598 (377) (902) 10 (9,888) (13,739)
Sealy Corporation
                     
Cost and expenses:                      
Selling, general and administrative                   7 4
Royalty (income) expense, net                     (1)
Income from operations                   (7) (3)
Interest expense                     1
Loss (income) from equity investees                 2,648 9,549 16,983
Capital charge and intercompany interest allocation                 (307) (303) (319)
Income (loss) before income taxes                 (2,341) (9,253) (16,668)
Income tax provision                 (2,351) 635 (3,181)
Income (loss) from continuing operations                 10 (9,888) (13,487)
Loss from discontinued operations                     (252)
Net loss                 10 (9,888) (13,739)
Net income (loss) attributable to common shareholders                 10    
Sealy Mattress Corporation
                     
Cost and expenses:                      
Interest expense                 318 307 319
Loss (income) from equity investees                 2,330 9,242 16,664
Income (loss) before income taxes                 (2,648) (9,549) (16,983)
Income (loss) from continuing operations                 (2,648) (9,549) (16,983)
Net loss                 (2,648) (9,549) (16,983)
Net income (loss) attributable to common shareholders                 (2,648)    
Sealy Mattress Company
                     
Supplemental condensed consolidating statements of operations                      
Net sales                 93,342 85,993 82,045
Cost and expenses:                      
Cost of goods sold                 50,812 47,832 49,007
Selling, general and administrative                 10,495 7,969 7,552
Income from operations                 32,035 30,192 25,486
Interest expense                 84,996 83,614 81,618
Refinancing and extinguishment of debt                 3,748 1,222 3,759
Other (income) expense, net                 45    
Loss (income) from equity investees                 (3) 5,938 14,384
Capital charge and intercompany interest allocation                 (52,804) (48,977) (55,765)
Income (loss) before income taxes                 (3,947) (11,605) (18,510)
Income tax provision                 (1,617) (2,363) (1,846)
Income (loss) from continuing operations                 (2,330) (9,242) (16,664)
Net loss                 (2,330) (9,242) (16,664)
Net income (loss) attributable to common shareholders                 (2,330)    
Combined Guarantor Subsidiaries
                     
Supplemental condensed consolidating statements of operations                      
Net sales                 959,245 893,141 902,131
Cost and expenses:                      
Cost of goods sold                 585,906 566,171 540,751
Selling, general and administrative                 357,600 329,743 320,241
Asset impairment loss                 827    
Amortization expense                 289 289 289
Restructuring expenses                 2,421    
Royalty (income) expense, net                 (20,070) (19,413) (17,528)
Income from operations                 32,272 16,351 58,378
Interest expense                 2,455 2,355 2,507
Other (income) expense, net                 (13) (7) 1
Loss (income) from non-guarantor equity investees                 (24,258) (20,926) 3,707
Capital charge and intercompany interest allocation                 50,634 45,782 51,682
Income (loss) before income taxes                 3,454 (10,853) 481
Income tax provision                 3,450 (3,979) 10,860
Income (loss) from continuing operations                 4 (6,874) (10,379)
Loss from discontinued operations                   775 (3,886)
Net loss                 4 (6,099) (14,265)
Net income (loss) attributable to common shareholders                 4    
Combined Non-Guarantor Subsidiaries
                     
Supplemental condensed consolidating statements of operations                      
Net sales                 308,174 271,546 262,125
Cost and expenses:                      
Cost of goods sold                 184,535 158,158 147,056
Selling, general and administrative                 86,950 76,516 70,256
Amortization expense                 389    
Income from operations                 36,300 36,872 44,813
Interest expense                 1,536 1,467 1,172
Other (income) expense, net                 (637) (444) (227)
Capital charge and intercompany interest allocation                 2,477 3,498 4,402
Income (loss) before income taxes                 32,924 32,351 39,466
Income tax provision                 13,066 9,789 12,523
Equity in earnings of unconsolidated affiliates                 5,175 3,371 3,611
Income (loss) from continuing operations                 25,033 25,933 30,554
Loss from discontinued operations                 (1,962) (5,007) (34,261)
Net loss                 23,071 20,926 (3,707)
Net loss attributable to noncontrolling interests                 1,187    
Net income (loss) attributable to common shareholders                 24,258    
Eliminations
                     
Supplemental condensed consolidating statements of operations                      
Net sales                 (12,891) (20,529) (26,830)
Cost and expenses:                      
Cost of goods sold                 (12,890) (20,712) (26,843)
Income from operations                 (1) 183 13
Loss (income) from equity investees                 (4,975) (24,729) (48,031)
Loss (income) from non-guarantor equity investees                 24,258 20,926 (3,707)
Income (loss) before income taxes                 (19,284) 3,986 51,751
Income tax provision                   22 132
Income (loss) from continuing operations                 (19,284) 3,964 51,619
Net loss                 (19,284) 3,964 51,619
Net income (loss) attributable to common shareholders                 $ (19,284)