Subsidiary Guarantors (Tables)

9 Months Ended

12 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Condensed Financial Statements, Captions [Line Items]

Condensed consolidating balance sheet

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

September 28, 2013

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	9,484		$	—	$	—		$	720		$	—		$	10,204
Accounts receivable, net	116,187			—		14,141			37,124			—			167,452
Intercompany receivables	376,617			—		52,853			1,794			(431,264		)	—
Inventories	110,454			—		8,976			32,601			—			152,031
Income taxes receivable	—			—		79			—			—			79
Deferred income taxes	5,317			—		3,417			—			—			8,734
Prepaid expenses and other current assets	7,613			—		918			3,185			—			11,716
Total current assets	625,672			—		80,384			75,424			(431,264		)	350,216
Property, plant and equipment, net	65,670			—		1,617			35,603			—			102,890
Goodwill	300,642			—		24,650			152,208			—			477,500
Other intangible assets, net	384,744			—		44,767			145,643			—			575,154
Investment in subsidiaries	(34,919		)	—		(128,902		)	—			163,821			—
Intercompany receivable	—			835,523		—			—			(835,523		)	—
Other assets	22,225			—		122			2,040			—			24,387
Total assets	$	1,364,034		$	835,523	$	22,638		$	410,918		$	(1,102,966	)	$	1,530,147
Liabilities and Member’s Equity
Current liabilities:
Accounts payable	$	86,354		$	—	$	10,066		$	27,414		$	—		$	123,834
Intercompany payables	1,794			—		—			429,470			(431,264		)	—
Accrued liabilities	80,686			—		6,180			10,596			—			97,462
Deferred income taxes	1,177			—		—			3,367			—			4,544
Income taxes payable	71			—		—			1,300			—			1,371
Total current liabilities	170,082			—		16,246			472,147			(431,264		)	227,211
Deferred income taxes	76,968			—		17,633			35,343			—			129,944
Other liabilities	89,495			—		23,678			32,330			—			145,503
Long-term debt	836,523			835,523		—			—			(835,523		)	836,523
Member’s equity	190,966			—		(34,919		)	(128,902		)	163,821			190,966
Total liabilities and member’s equity	$	1,364,034		$	835,523	$	22,638		$	410,918		$	(1,102,966	)	$	1,530,147

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 29, 2012

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	7,320		$	—	$	—		$	2,274		$	—		$	9,594
Accounts receivable, net	91,556			—		9,179			20,652			—			121,387
Intercompany receivables	371,236			—		56,097			1,794			(429,127		)	—
Inventories	83,523			—		7,359			27,083			—			117,965
Income taxes receivable	—			—		—			2,690			—			2,690
Deferred income taxes	5,317			—		3,417			—			—			8,734
Prepaid expenses and other current assets	5,025			—		784			2,962			—			8,771
Total current assets	563,977			—		76,836			57,455			(429,127		)	269,141
Property, plant and equipment, net	67,236			—		1,947			39,269			—			108,452
Goodwill	300,641			—		24,650			157,322			—			482,613
Other intangible assets, net	399,650			—		45,104			154,890			—			599,644
Investment in subsidiaries	(38,564		)	—		(127,136		)	—			165,700			—
Intercompany receivable	—			730,000		—			—			(730,000		)	—
Other assets	20,207			—		171			2,056			—			22,434
Total assets	$	1,313,147		$	730,000	$	21,572		$	410,992		$	(993,427	)	$	1,482,284
Liabilities and Member’s Equity
Current liabilities:
Accounts payable	$	54,003		$	—	$	4,826		$	15,482		$	—		$	74,311
Intercompany payables	1,794			—		—			427,333			(429,127		)	—
Accrued liabilities	55,599			—		10,173			9,525			—			75,297
Deferred income taxes	—			—		—			3,469			—			3,469
Income taxes payable	1,495			—		3,053			1,149			—			5,697
Total current liabilities	112,891			—		18,052			456,958			(429,127		)	158,774
Deferred income taxes	76,968			—		17,633			36,176			—			130,777
Other liabilities	92,733			—		24,451			36,289			—			153,473
Long-term debt	799,500			730,000		—			8,705			(730,000		)	808,205
Member’s equity	231,055			—		(38,564		)	(127,136		)	165,700			231,055
Total liabilities and member’s equity	$	1,313,147		$	730,000	$	21,572		$	410,992		$	(993,427	)	$	1,482,284

Condensed consolidating statements of comprehensive loss

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For The Quarter Ended September 28, 2013

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries		Reclassification/ Eliminations			Consolidated
Net sales	$	256,304		$	—	$	46,845		$	81,750	$	(44,994	)	$	339,905
Cost of sales	197,199			—		43,411			62,343		(44,994		)	257,959
Gross profit	59,105			—		3,434			19,407		—			81,946
Selling, general and administrative expenses	44,922			—		978			11,215		—			57,115
Income from operations	14,183			—		2,456			8,192		—			24,831
Interest expense, net	19,711			—		—			617		—			20,328
Foreign currency loss	—			—		—			124		—			124
(Loss) income before income taxes	(5,528		)	—		2,456			7,451		—			4,379
Income tax (benefit) expense	(238		)	—		(43		)	2,165		—			1,884
(Loss) income before equity income (loss) from subsidiaries	(5,290		)	—		2,499			5,286		—			2,495
Equity income (loss) from subsidiaries	7,785			—		5,286			—		(13,071		)	—
Net income (loss)	2,495			—		7,785			5,286		(13,071		)	2,495
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	173			—		113			101		(214		)	173
Foreign currency translation adjustments, net of tax	5,828			—		5,828			5,828		(11,656		)	5,828
Total comprehensive income (loss)	$	8,496		$	—	$	13,726		$	11,215	$	(24,941	)	$	8,496

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For The Nine Months Ended September 28, 2013

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Net sales	$	667,048		$	—	$	131,740		$	206,355		$	(131,679	)	$	873,464
Cost of sales	513,518			—		122,695			160,035			(131,679		)	664,569
Gross profit	153,530			—		9,045			46,320			—			208,895
Selling, general and administrative expenses	139,194			—		3,782			33,777			—			176,753
Income from operations	14,336			—		5,263			12,543			—			32,142
Interest expense, net	57,905			—		—			1,655			—			59,560
Foreign currency loss	—			—		—			555			—			555
(Loss) income before income taxes	(43,569		)	—		5,263			10,333			—			(27,973		)
Income tax expense (benefit)	1,177			—		(119		)	2,957			—			4,015
(Loss) income before equity income (loss) from subsidiaries	(44,746		)	—		5,382			7,376			—			(31,988		)
Equity income (loss) from subsidiaries	12,758			—		7,376			—			(20,134		)	—
Net (loss) income	(31,988		)	—		12,758			7,376			(20,134		)	(31,988		)
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	478			—		331			303			(634		)	478
Foreign currency translation adjustments, net of tax	(9,444		)	—		(9,444		)	(9,444		)	18,888			(9,444		)
Total comprehensive (loss) income	$	(40,954	)	$	—	$	3,645		$	(1,765	)	$	(1,880	)	$	(40,954	)

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For The Quarter Ended September 29, 2012

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Reclassification/ Eliminations			Consolidated
Net sales	$	241,436		$	—	$	47,830		$	84,424		$	(48,656	)	$	325,034
Cost of sales	181,626			—		44,944			65,516			(48,656		)	243,430
Gross profit	59,810			—		2,886			18,908			—			81,604
Selling, general and administrative expenses	46,961			—		1,603			10,887			—			59,451
Income from operations	12,849			—		1,283			8,021			—			22,153
Interest expense, net	18,538			—		—			547			—			19,085
Foreign currency gain	—			—		—			(17		)	—			(17		)
(Loss) income before income taxes	(5,689		)	—		1,283			7,491			—			3,085
Income tax expense (benefit)	462			—		(23		)	2,116			—			2,555
(Loss) income before equity income (loss) from subsidiaries	(6,151		)	—		1,306			5,375			—			530
Equity income (loss) from subsidiaries	6,681			—		5,375			—			(12,056		)	—
Net income (loss)	530			—		6,681			5,375			(12,056		)	530
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	16			—		11			12			(23		)	16
Foreign currency translation adjustments, net of tax	11,662			—		11,662			11,662			(23,324		)	11,662
Total comprehensive income (loss)	$	12,208		$	—	$	18,354		$	17,049		$	(35,403	)	$	12,208

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

For The Nine Months Ended September 29, 2012

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries		Reclassification/ Eliminations			Consolidated
Net sales	$	636,915		$	—	$	133,563		$	218,919	$	(137,018	)	$	852,379
Cost of sales	485,784			—		126,420			173,789		(137,018		)	648,975
Gross profit	151,131			—		7,143			45,130		—			203,404
Selling, general and administrative expenses	141,729			—		4,782			31,952		—			178,463
Income from operations	9,402			—		2,361			13,178		—			24,941
Interest expense, net	55,315			—		—			1,382		—			56,697
Foreign currency loss	—			—		—			220		—			220
(Loss) income before income taxes	(45,913		)	—		2,361			11,576		—			(31,976		)
Income tax expense (benefit)	1,868			—		(59		)	3,182		—			4,991
(Loss) income before equity income (loss) from subsidiaries	(47,781		)	—		2,420			8,394		—			(36,967		)
Equity income (loss) from subsidiaries	10,814			—		8,394			—		(19,208		)	—
Net (loss) income	(36,967		)	—		10,814			8,394		(19,208		)	(36,967		)
Other comprehensive income (loss):
Pension and other postretirement benefit adjustments, net of tax	40			—		35			36		(71		)	40
Foreign currency translation adjustments, net of tax	13,103			—		13,103			13,103		(26,206		)	13,103
Total comprehensive (loss) income	$	(23,824	)	$	—	$	23,952		$	21,533	$	(45,485	)	$	(23,824	)

Condensed consolidating statements of cash flows

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 28, 2013

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Consolidated
Net cash (used in) provided by operating activities	$	(16,872	)	$	—	$	(3,234	)	$	5,697		$	(14,409	)
Investing Activities
Capital expenditures	(8,496		)	—		(10		)	(393		)	(8,899		)
Supply center acquisition	(348		)	—		—			—			(348		)
Proceeds from the sale of assets	49			—		—			—			49
Net cash used in investing activities	(8,795		)	—		(10		)	(393		)	(9,198		)
Financing Activities
Borrowings under ABL facilities	79,891			—		—			44,053			123,944
Payments under ABL facilities	(148,391		)	—		—			(52,553		)	(200,944		)
Intercompany transactions	(5,381		)	—		3,244			2,137			—
Equity contribution from parent	742			—		—			—			742
Issuance of senior notes	106,000			—		—			—			106,000
Financing costs	(5,030		)	—		—			(415		)	(5,445		)
Net cash provided by (used in) financing activities	27,831			—		3,244			(6,778		)	24,297
Effect of exchange rate changes on cash and cash equivalents	—			—		—			(80		)	(80		)
Net increase (decrease) in cash and cash equivalents	2,164			—		—			(1,554		)	610
Cash and cash equivalents at beginning of period	7,320			—		—			2,274			9,594
Cash and cash equivalents at end of period	$	9,484		$	—	$	—		$	720		$	10,204

ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For The Nine Months EndedSeptember 29, 2012

(Unaudited, in thousands)

	Company			Co-Issuer		Subsidiary Guarantors			Non-Guarantor Subsidiaries			Consolidated
Net cash (used in) provided by operating activities	$	(22,131	)	$	—	$	7,028		$	999		$	(14,104	)
Investing Activities
Capital expenditures	(2,956		)	—		(67		)	(697		)	(3,720		)
Proceeds from the sale of assets	87			—		1			—			88
Net cash used in investing activities	(2,869		)	—		(66		)	(697		)	(3,632		)
Financing Activities
Borrowings under ABL facilities	74,218			—		—			73,356			147,574
Payments under ABL facilities	(74,619		)	—		—			(56,734		)	(131,353		)
Intercompany transactions	26,410			—		(6,962		)	(19,448		)	—
Equity contribution from parent	80			—		—			—			80
Financing costs	(209		)	—		—			(16		)	(225		)
Net cash provided by (used in) financing activities	25,880			—		(6,962		)	(2,842		)	16,076
Effect of exchange rate changes on cash and cash equivalents	—			—		—			(55		)	(55		)
Net increase (decrease) in cash and cash equivalents	880			—		—			(2,595		)	(1,715		)
Cash and cash equivalents at beginning of period	7,855			—		—			3,519			11,374
Cash and cash equivalents at end of period	$	8,735		$	—	$	—		$	924		$	9,659