10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)
x	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2013
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Transition Period from              to

Commission File Number 333-50239

ACCURIDE CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Delaware (State or Other Jurisdiction of Incorporation or Organization)	61-1109077 (I.R.S. Employer Identification No.)
7140 Office Circle, Evansville, Indiana (Address of Principal Executive Offices)	47715 (Zip Code)

Registrant’s telephone number, including area code: (812) 962-5000

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Name of exchange on which registered
Common Stock, $0.01 par value	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o  No x

Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 of Section 15(d) of the Act. Yes o  No x

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x  No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x  No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer o Accelerated Filer x Non-Accelerated Filer o Smaller Reporting Company o

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2). Yes o  No x

The aggregate market value of the registrant’s common stock held by non-affiliates based on the New York Stock Exchange closing price as of June 30, 2013 (the last business day of registrant’s most recently completed second fiscal quarter) was approximately $238,699,555 This calculation does not reflect a determination that such persons are affiliates of registrant for any other purposes.

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes x  No o

The number of shares of Common Stock, $0.01 par value, of Accuride Corporation outstanding as of February 28 was 47,541,992.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Proxy Statement for the Registrant’s 2014 Annual Meeting of Stockholders are incorporated by reference in Part III of this Form 10-K.

ACCURIDE CORPORATION

FORM 10-K

FOR THE YEAR ENDED DECEMBER 31, 2013

PART I
Item 1.	Business		3
Item 1A.	Risk Factors		10
Item 1B.	Unresolved Staff Comments		20
Item 2.	Properties		20
Item 3.	Legal Proceedings		20
Item 4.	Mine Safety Disclosures		20
PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities		21
Item 6.	Selected Consolidated Financial Data		24
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		28
Item 7A.	Quantitative and Qualitative Disclosure About Market Risk		44
Item 8.	Financial Statements and Supplementary Data		45
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure		45
Item 9A.	Controls and Procedures		45
Item 9B.	Other Information		45
PART III
Item 10.	Directors, Executive Officers, and Corporate Governance		46
Item 11.	Executive Compensation		46
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters		46
Item 13.	Certain Relationships and Related Transactions and Director Independence		46
Item 14.	Principal Accountant Fees and Services		46
PART IV
Item 15.	Exhibits and Financial Statement Schedules		47
	Signatures		50
FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm		52
Consolidated Balance Sheets		53
Consolidated Statements of Operations and Comprehensive Loss		54
Consolidated Statements of Stockholders’ Equity (Deficiency)		55
Consolidated Statements of Cash Flows		56
Notes to Consolidated Financial Statements		57

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Table of Contents

PART I

Item 1. Business

The Company

We are one of the largest manufacturers and suppliers of commercial vehicle components in North America. Our products include commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. We market our products under some of the most recognized brand names in the industry, including Accuride, Gunite, and Brillion. We serve the leading OEMs and their related aftermarket channels in most major segments of the commercial vehicle market, including heavy- and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles.

Our primary product lines are standard equipment used by many North American heavy- and medium-duty truck OEMs.

Our diversified customer base includes substantially all of the leading commercial vehicle OEMs, such as Daimler Truck North America, LLC (“DTNA”), with its Freightliner and Western Star brand trucks, PACCAR, with its Peterbilt and Kenworth brand trucks, Navistar, with its International brand trucks, and Volvo Group North America, with its Volvo and Mack brand trucks. Our primary commercial trailer customers include leading commercial trailer OEMs, such as Great Dane Limited Partnership, Utility Trailer Manufacturing Company, and Wabash National, Inc. Our major light truck customer is General Motors Corporation. Our product portfolio is supported by strong sales, marketing and design engineering capabilities and is manufactured in eight strategically located, technologically-advanced facilities across the United States, Mexico and Canada.

Our business consists of three operating segments that design, manufacture, and distribute components for the commercial vehicle market, including heavy- and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles and their related aftermarket channels and for the global industrial, mining and construction markets. We have identified each of our operating segments as reportable segments. The Wheels segment’s products primarily consist of steel and aluminum wheels. The Gunite segment’s products consist primarily of wheel-end components and assemblies. The Brillion Iron Works segment’s products primarily consist of ductile, austempered ductile and gray iron castings, including engine and transmission components and industrial components. We believe this segmentation is appropriate based upon operating decisions and performance assessments by our President and Chief Executive Officer, who is our chief operating decision maker.

Our financial results for the previous three fiscal years are discussed in “Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operation” and “Item 8: Financial Statements and Supplementary Data” of this Annual Report and the following descriptions of our business should be read in conjunction with the information contained therein.  For geographic and financial information related to each of our operating segments, see Note 12 to the “Notes to Consolidated Financial Statements” included herein.

Corporate History

Accuride Corporation, a Delaware corporation (“Accuride” or the “Company”), and Accuride Canada Inc., a corporation formed under the laws of the province of Ontario, Canada, and a wholly owned subsidiary of Accuride, were incorporated in November 1986 for the purpose of acquiring substantially all of the assets and assuming certain liabilities of Firestone Steel Products, a division of The Firestone Tire & Rubber Company. The respective acquisitions by the companies were consummated in December 1986.

On January 31, 2005, pursuant to the terms of an agreement and plan of merger, a wholly owned subsidiary of Accuride merged with and into Transportation Technologies Industries, Inc., or TTI, resulting in TTI becoming a wholly owned subsidiary of Accuride, which we refer to as the TTI merger. TTI was founded as Johnstown America Industries, Inc. in 1991 in connection with the purchase of Bethlehem Steel Corporation’s freight car manufacturing operations.

Discontinued Operations

On August 1, 2013, the Company announced that it completed the sale of substantially all of the assets of its Imperial Group business to Imperial Group Manufacturing, Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30.0 million at closing, plus a contingent earn-out of up to $2.25 million.   The sale resulted in recognition of a $12.0 million loss for the year ended December 31, 2013 which has been reclassified to discontinued operations.  See Note 2 “Discontinued Operations” for further discussion.

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Pursuant to the provisions of the purchase agreement, subject to certain limited exceptions, the purchaser purchased from Imperial all equipment, inventories, accounts receivable, deposits, prepaid expenses, intellectual property, contracts, real property interests, transferable permits and other intangibles related to the business and assumed Imperial’s trade and vendor accounts payable and performance obligations under those contracts included in the purchased assets.  The real property interests acquired by the purchaser include ownership of three plants located in Decatur, Texas, Dublin, Virginia and Chehalis, Washington and a leasehold interest in a plant located in Denton, Texas.  Imperial retained ownership of its real property located in Portland, Tennessee and recognized a $2.5 million impairment charge for this property as a component of the loss previously mentioned, which has been reclassified to discontinued operations on our consolidated statements of operations and comprehensive loss for the year ended December 31, 2013.   The Company leased such property to the purchaser under a two-year lease, with the option to renew the lease for one additional year.  Rent under the lease is fixed at $75,000 per year.

On January 31, 2011, substantially all of the assets, liabilities and business of our Bostrom Seating subsidiary were sold to a subsidiary of Commercial Vehicle Group, Inc. for approximately $8.8 million and resulted in recognition of a $0.3

million loss on our consolidated statements of operations and comprehensive loss for the year ended December 31, 2011, which have been reclassified to discontinued operations. See Note 2 “Discontinued Operations” for further discussion.

On September 26, 2011, the Company announced the sale of its wholly-owned subsidiary, Fabco Automotive Corporation (“Fabco”) to Fabco Holdings, Inc., a new company formed and capitalized by Wynnchurch Capital, Ltd. in partnership with Stone River Capital Partners, LLC. The sale concluded for a purchase price of $35.0 million, subject to a working capital adjustment, plus a contingent receipt of up to $2.0 million depending on Fabco’s 2012 financial performance, which was received in full in 2013. The Company recognized a loss of $6.3 million, including $2.1 million in transactional fees, related to the sale transaction for the year ended December 31, 2011, which is included as a component of discontinued operations. See Note 2 “Discontinued Operations” for further discussion.

Impairment

During 2012, the Company experienced a decline in its stock price to an amount below current book value as well as the impact of business developments in its Gunite reporting unit including a loss of customer market share and evidence of declining aftermarket sales.  The Gunite reporting unit recorded impairments to goodwill of $62.8 million, other intangible assets of $36.8 million, and property, plant and equipment of $34.1 million for the year ended December 31, 2012.

Product Overview

We believe we design, produce, and market one of the broadest portfolios of commercial vehicle components in the industry. We classify our products under several categories, including wheels, wheel-end components and assemblies, and ductile and gray iron castings. The following describes our major product lines and brands.

Wheels (Approximately 57% of our 2013 net sales, 52% of our 2012 net sales, and 51% of our 2011 net sales)

We are the largest North American manufacturer and supplier of wheels for heavy- and medium-duty trucks, commercial trailers and related aftermarket channels. We offer the broadest product line in the North American heavy- and medium-duty wheel industry and are the only North American manufacturer and supplier of both steel and forged aluminum heavy- and medium-duty wheels. We also produce wheels for buses, commercial light trucks, heavy-duty pick-up trucks, and military vehicles. We market our wheels under the Accuride brand. We are the standard steel and aluminum wheel supplier to a number of North American heavy- and medium-duty truck and trailer OEMs.  A description of each of our major products is summarized below:

·   Heavy- and medium-duty steel wheels. We offer the broadest product line of steel wheels for the heavy- and medium-duty truck, commercial trailer markets and related aftermarket channels. The wheels range in diameter from 17.5” to 24.5” and are designed for load ratings ranging from 3,640 to 13,000 lbs. We also offer a number of coatings and finishes which we believe provide the customer with increased durability and exceptional appearance.

·   Heavy- and medium-duty aluminum wheels. We offer a full product line of aluminum wheels for the heavy- and medium-duty truck, commercial trailer markets and related aftermarket channels. The wheels range in diameter from 19.5” to 24.5” and are designed for load ratings ranging from 4,000 to 13,000 lbs. Aluminum wheels are generally lighter in weight, more readily stylized, and are approximately 2.0 to 3.0 times as expensive as steel wheels.

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·   Light truck steel wheels. We manufacture light truck single and dual steel wheels that range in diameter from 16” to 19.5” for customers such as General Motors. We are focused on larger diameter wheels designed for select truck platforms used for carrying heavier loads.

·   Military Wheels. We produce steel wheels for military applications under the Accuride brand name.

Wheel-End Components and Assemblies (Approximately 26% of our 2013 net sales, 28% of our 2012 net sales, and 31% of our 2011 net sales)

We are a supplier of wheel-end components and assemblies to the North American heavy- and medium-duty truck markets and related aftermarket channels. We market our wheel-end components and assemblies under the Gunite brand. We produce four basic wheel-end assemblies: (1) disc wheel hub/brake drum, (2) spoke wheel/brake drum, (3) spoke wheel/brake rotor and (4) disc wheel hub/brake rotor. We also manufacture an extensive line of wheel-end components for the heavy- and medium-duty truck markets, such as brake drums, disc wheel hubs, spoke wheels, rotors and automatic slack adjusters. The majority of these components are critical to the safe operation of vehicles. A description of each of our major wheel-end components is summarized below:

• Brake Drums. We offer a variety of heavy- and medium-duty brake drums for truck, commercial trailer, bus, and off-highway applications. A brake drum is a braking device utilized in a “drum brake” which is typically made of iron and has a machined surface on the inside. When the brake is applied, air or brake fluid is forced, under pressure, into a wheel cylinder which, in turn, pushes a brake shoe into contact with the machined surface on the inside of the drum and stops the vehicle. Our brake drums are custom-engineered to exact requirements for a broad range of applications, including logging, mining, and more traditional over-the-road vehicles. To ensure product quality, we continually work with brake and lining manufacturers to optimize brake drum and brake system performance. Brake drums are our primary aftermarket product. The aftermarket opportunities in this product line are substantial as brake drums continually wear with use and eventually need to be replaced, although the timing of such replacement depends on the severity of use.

• Disc Wheel Hubs. We manufacture a complete line of traditional ferrous disc wheel hubs for heavy- and medium-duty trucks and commercial trailers. A disc wheel hub is the connecting piece between the brake system and the axle upon which the wheel and tire are mounted. In addition, we offer a line of lightweight cast iron hubs that provide users with improved operating efficiency. Our lightweight hubs utilize advanced metallurgy and unique structural designs to offer both significant weight savings and lower costs due to fewer maintenance requirements. Our product line also includes finely machined hubs for anti-lock braking systems, or ABS, which enhance vehicle safety.

• Spoke Wheels. We manufacture a broad line of spoke wheels for heavy-and medium-duty trucks and commercial trailers. While disc wheel hubs have largely displaced spoke wheels for on-highway applications, they are still popular for severe-duty applications such as off-highway vehicles, refuse vehicles, and school buses, due to their greater strength. Our product line also includes finely machined wheels for ABS systems, similar to our disc wheel hubs.

• Disc Brake Rotors. We develop and manufacture durable, lightweight disc brake rotors for a variety of heavy-duty truck applications. A disc rotor is a braking device that is typically made of iron with highly machined surfaces. When the brake is applied in a disc brake system, brake fluid from the master cylinder is forced into a caliper where it presses against a piston, which squeezes two brake pads against the disc rotor and stops the vehicle. Disc brakes are generally viewed as more efficient, although more expensive, than drum brakes and are often found in the front of a vehicle with drum brakes often located in the rear. We manufacture ventilated disc brake rotors that significantly improve heat dissipation as required for applications on Class 7 and 8 vehicles. We offer one of the most complete lines of heavy-duty and medium-duty disc brake rotors in the industry.

• Automatic Slack Adjusters. Automatic slack adjusters react to, and adjust for, variations in brake shoe-to-drum clearance and maintain the proper amount of space between the shoe and drum. Our automatic slack adjusters automatically adjust the brake shoe-to-brake drum clearance, ensuring that this clearance is always constant at the time of braking. The use of automatic slack adjusters reduces maintenance costs, improves braking performance and minimizes side-pull and stopping distance.

Ductile, Austempered Ductile and Gray Iron Castings (Approximately 17% of our 2013 net sales, 20% of our 2012 net sales, and 18% of our 2011 net sales)

We produce ductile, austempered ductile and gray iron castings under the Brillion brand name. Our Brillion Foundry facility is one of North America’s largest iron foundries focused on the supply of complex, highly-cored cast products to market leading customers in the commercial vehicle, diesel engine, construction, agricultural, hydraulic, mining, oil and gas and industrial markets. Brillion offers both vertical and horizontal green sand molding processes to produce cast products that include:

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• Transmission and Engine-Related Components. We believe that our Brillion foundry is a leading source for the casting of transmission and engine-related components to the heavy- and medium-duty truck markets, including flywheels, transmission and engine-related housings and brackets.

• Industrial Components. Our Brillion foundry produces components for a wide variety of applications to the industrial machinery, construction, agricultural equipment and gas and oil markets, including flywheels, pump housings, valve body housings, small engine components, and other industrial components. Our industrial components are made to specific customer requirements and, as a result, our product designs are typically proprietary to our customers.

Cyclical and Seasonal Industry

The commercial vehicle components industry is highly cyclical and, in large part, depends on the overall strength of the demand for heavy- and medium-duty trucks. The industry has historically experienced significant fluctuations in demand based on factors such as general economic conditions, including industrial production and consumer spending, as well as, gas prices, credit availability, and government regulations among others. Cyclical peaks of commercial vehicle production in 1999 and 2006 were followed by sharp production declines of 48% and 69% to trough production levels in 2001 and 2009, respectively. Since 2009, commercial vehicle production levels have recovered, and demand for vehicles that use our products, as predicted by analysts, including America’s Commercial Transportation (“ACT”) and FTR Associates (“FTR”) Publications, is expected to improve in 2014 as economic conditions continue to improve. OEM production of major markets that we serve in North America, from 2007 to 2013, are shown below:

	For the Year Ended December 31,
		2013	2012	2011	2010	2009	2008	2007
North American Class 8		245,496	277,490	255,261	154,173	118,396	205,639	212,391
North American Classes 5-7		201,311	188,165	166,792	117,901	97,733	158,294	206,954
U.S. Trailers		238,527	236,841	209,582	124,162	79,027	143,901	214,615

Our operations are typically seasonal as a result of regular OEM customer maintenance and model changeover shutdowns, which usually occur in the third and fourth quarter of each calendar year. This seasonality may result in decreased net sales and profitability during the third and fourth fiscal quarters of each calendar year.  In addition, our Gunite product line typically experiences higher aftermarket purchases of wheel-end components in the first and second quarters of each calendar year.

Customers

We market our components to more than 1,000 customers, including most of the major North American heavy- and medium-duty truck and commercial trailer OEMs, as well as to the major aftermarket participants, including OEM dealer networks, wholesale distributors, and aftermarket buying groups. Our largest customers are Navistar, DTNA, Volvo/Mack, and PACCAR which combined accounted for approximately 44.8 percent of our net sales in 2013, and individually constituted approximately 14.3 percent, 14.1 percent, 9.3 percent, and 7.1 percent, respectively, of our 2013 net sales. We have long-term relationships with our larger customers, many of whom have purchased components from us or our predecessors for more than 45 years. We garner repeat business through our reputation for quality and our position as a standard supplier for a variety of truck lines. We believe that we will continue to be able to effectively compete for our customers’ business due to the high quality of our products, the breadth of our product portfolio, and our continued product innovation.

Sales and Marketing

We have an integrated, corporate-wide sales and marketing group. We have dedicated salespeople and sales engineers who reside near the headquarters of each of the four major truck OEMs and who spend substantially all of their professional time managing existing business relationships, coordinating new sales opportunities and strengthening our relationship with the OEMs. These sales professionals function as a single point of contact with the OEMs, providing “one-stop shopping” for all of our products. Each brand has marketing personnel who, together with applications engineers, have in-depth product knowledge and provide support to the designated OEM sales professionals.

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We also market our products directly to end users, particularly large truck fleet operators, with a focus on wheels and wheel-end products to create “pull-through” demand for our products. This effort is intended to help convince the truck and trailer OEMs to designate our products as standard equipment and to create sales by encouraging fleets to specify our products on the equipment that they purchase, even if our product is not offered as standard equipment on the products being purchased. The fleet sales group also provides aftermarket sales coverage for our various products, particularly wheels and wheel-end components. These sales professionals promote and sell our products to the aftermarket, including OEM dealers, warehouse distributors and aftermarket buying groups.

We have a consolidated aftermarket distribution strategy for our wheels and wheel-end components. In support of this strategy, we have a centralized distribution center in Batavia, Illinois. As a result, customers can order steel and aluminum wheels, brake drums/rotors and automatic slack adjusters on one purchase order, improving freight efficiencies and inventory turns for our customers.  The aftermarket infrastructure enables us to increase direct shipments from our manufacturing plant to larger aftermarket customers utilizing a virtual distribution strategy that allows us to maintain and enhance our competitiveness by eliminating unnecessary freight and handling through the distribution center.

International Sales

We consider sales to customers outside of the United States as international sales. International sales for the years, ended December 31, 2013, 2012, and 2011 are as follows:

(In millions)	International Sales		Percent of Net Sales
2013	$	130.1	20.2%
2012	$	139.2	17.5%
2011	$	146.2	18.2%

For additional information, see Note 12 to the “Notes to Consolidated Financial Statements” included herein.

Manufacturing

We operate eight facilities, which are characterized by advanced manufacturing capabilities, in North America. Our U.S. manufacturing operations are located in Illinois, Kentucky, Ohio, Pennsylvania, South Carolina, and Wisconsin. In addition, we have manufacturing facilities in Canada and Mexico. These facilities are strategically located to meet our manufacturing needs and the demands of our customers.

All of our significant production operations are ISO-9000/TS 16949 certified, which means that they comply with certain quality assurance standards for truck component suppliers. We believe our manufacturing operations are highly regarded by our customers, and we have received numerous quality awards from our customers including PACCAR’s Preferred Supplier award and Daimler Truck North America’s Masters of Quality award.

All of our facilities incorporate extensive Lean visual operating systems in the management of their day to day operations. This helps improve our product and process flow and on-time-delivery to our customers while minimizing required inventory levels across the business.

Competition

We operate in highly competitive markets. However, no single manufacturer competes with all of the products manufactured and sold by us in the heavy- and medium-duty truck markets, and the degree of competition varies among the different products that we sell. In each of our markets, we compete on the basis of price, manufacturing and distribution capabilities, product quality, product design, product line breadth, delivery, and service.

The competitive landscape for each of our brands is unique. Our primary competitors in the wheel markets include Alcoa Inc. and Maxion Wheels. Our primary competitors in the wheel-ends and assemblies markets for heavy- and medium-duty trucks and commercial trailers are KIC Holdings, Inc., Meritor, Inc., Consolidated Metco Inc., and Webb Wheel Products Inc. Our major competitors in the industrial components market include ten to twelve foundries operating in the Midwest and Southern regions of the United States and in Mexico.

Raw Materials and Suppliers

We typically purchase steel for our wheel products from a number of different suppliers by negotiating high-volume one year contracts directly with steel mills or steel service centers.  While we believe that our supply contracts can be

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renewed on acceptable terms, we may not be able to renew these contracts on such terms, or at all. However, we do not believe that we are overly dependent on long-term supply contracts for our steel requirements as we have alternative sources available if need requires. Depending on market dynamics and raw material availability, the market is occasionally in tight supply, which may result in occasional industry allocations and surcharges.

We obtain aluminum for our wheel products from aluminum billet casting manufacturers.  We believe that aluminum is readily available from a variety of sources.  Aluminum prices have been volatile from time-to-time. We attempt to minimize the impact of such volatility through selected customer supported hedge agreements, supplier agreements and contractual price adjustments with customers.

Major raw materials for our wheel-end and industrial component products are steel scrap and pig iron. We do not have any long-term pricing agreements with any steel scrap or pig iron suppliers, but we do not anticipate having any difficulty in obtaining steel scrap or pig iron due to the large number of potential suppliers and our position as a major purchaser in the industry. A portion of the increases in steel scrap prices for our wheel-ends and industrial components are passed-through to most of our customers by way of a fluctuating surcharge, which is calculated and adjusted on a periodic basis. Other major raw materials include silicon sand, binders, sand additives and coated sand, which are generally available from multiple sources. Coke and natural gas, the primary energy sources for our melting operations, have historically been generally available from multiple sources, and electricity, another of these energy sources, has historically been generally available.

Employees and Labor Unions

As of December 31, 2013, we had approximately 2,056 employees, of which 491 were salaried employees with the remainder paid hourly. Unions represent approximately 1,335 of our employees, which is approximately 65 percent of our total employees. We have collective bargaining agreements with several unions, including (1) the United Auto Workers, (2)

the International Brotherhood of Teamsters, (3) the United Steelworkers, (4) the International Association of Machinists and Aerospace Workers, (5) the National Automobile, Aerospace, Transportation, and General Workers Union of Canada and (6) El Sindicato Industrial de Trabajadores de Nuevo Leon.

Each of our unionized facilities has a separate contract with the union that represents the workers employed at such facility. The union contracts expire at various times over the next few years with the exception of our union contract that covers the hourly employees at our Monterrey, Mexico, facility, which expires on an annual basis in January unless otherwise renewed. The 2014 negotiations in Monterrey were successfully completed prior to the expiration of our union contract. In 2013, we extended the labor contract at our London, Ontario facility through March 2018. In 2013, we also successfully negotiated our collective bargaining agreements at our Brillion, Wisconsin facility, extending it through June, 2018.

In 2014, we have collective bargaining agreements expiring at our Erie, Pennsylvania and Rockford, Illinois facilities covering 212 and 392 employees, respectively.  We do not anticipate that our 2014 negotiations will have a material adverse effect on our operating performance or cost.

Intellectual Property

We believe the protection of our intellectual property is important to our business. Our principal intellectual property consists of product and process technology, a number of patents, trade secrets, trademarks and copyrights. Although our patents, trade secrets, and copyrights are important to our business operations and in the aggregate constitute a valuable asset, we do not believe that any single patent, trade secret, or copyright is critical to the success of our business as a whole. We also own common law rights and U.S. federal and foreign trademark registrations for several of our brands, which we believe are valuable, including Accuride®, Brillion TM, and Gunite®. Our policy is to seek statutory protection for all significant intellectual property embodied in patents and trademarks. From time to time, we grant licenses under our intellectual property and receive licenses under intellectual property of others.

Backlog

Our production is based on firm customer orders and estimated future demand. Since firm orders generally do not extend beyond 15-45 days, backlog volume is generally not significant.

Environmental Matters

Our operations, facilities, and properties are subject to extensive and evolving laws and regulations pertaining to air emissions, wastewater and stormwater discharges, the handling and disposal of solid and hazardous materials and wastes, the

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investigation and remediation of contamination, and otherwise relating to health, safety, and the protection of the environment and natural resources. The violation of such laws can result in significant fines, penalties, liabilities or restrictions on operations. From time to time, we are involved in administrative or legal proceedings relating to environmental, health and safety matters, and have in the past incurred and will continue to incur capital costs and other expenditures relating to such matters. For example, we are currently involved in a proceeding regarding alleged violations of stormwater regulations at our Brillion facility, which could subject us to fines, penalties or other liabilities. In connection with that matter, we have completed certain capital improvements related to the underlying allegations. Based on current information, we do not expect that this matter will have a material adverse effect on our business, results of operations or financial conditions; however, we cannot assure you that this or any other future environmental compliance matters will not have such an effect.

In addition to environmental laws that regulate our ongoing operations, we are also subject to environmental remediation liability. Under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and analogous state laws, we may be liable as a result of the release or threatened release of hazardous materials into the environment regardless of when the release occurred. We are currently involved in several matters relating to the investigation and/or remediation of locations where we have arranged for the disposal of foundry wastes. Such matters include situations in which we have been named or are believed to be potentially responsible parties in connection with the contamination of these sites. Additionally, environmental remediation may be required to address soil and groundwater contamination identified at certain of our facilities.

As of December 31, 2013, we had an environmental reserve of approximately $1.5 million, related primarily to our foundry operations. This reserve is based on management’s review of potential liabilities as well as cost estimates related thereto. Any expenditures required for us to comply with applicable environmental laws and/or pay for any remediation efforts will not be reduced or otherwise affected by the existence of the environmental reserve. Our environmental reserve may not be adequate to cover our future costs related to the sites associated with the environmental reserve, and any additional costs may have a material adverse effect on our business, results of operations or financial condition. The discovery of additional environmental issues, the modification of existing laws or regulations or the promulgation of new ones, more vigorous enforcement by regulators, the imposition of joint and several liability under CERCLA or analogous state laws, or other unanticipated events could also result in a material adverse effect.

The Iron and Steel Foundry National Emission Standard for Hazardous Air Pollutants (“NESHAP”) was developed pursuant to Section 112(d) of the Clean Air Act and requires major sources of hazardous air pollutants to install controls representative of maximum achievable control technology. Based on currently available information, we do not anticipate material costs regarding ongoing compliance with the NESHAP; however if we are found to be out of compliance with the NESHAP, we could incur liability that could have a material adverse effect on our business, results of operations or financial condition.

At our Erie, Pennsylvania, facility, we have obtained an environmental insurance policy to provide coverage with respect to certain environmental liabilities.

Management does not believe that the outcome of any environmental proceedings will have a material adverse effect on our consolidated financial condition or results of operations.

Research and Development Expense

Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred. The amount expensed in the years ended December 31, 2013, 2012 and 2011 totaled $5.7 million, $6.6 million and $4.8 million, respectively.

Website Access to Reports

We make our periodic and current reports available, free of charge, on our website as soon as practicable after such material is electronically filed with the Securities and Exchange Commission (the “SEC”). Our website address is www.accuridecorp.com and the reports are filed under “SEC Filings” in the Investor Information section of our website. The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. The SEC’s website is www.sec.gov.

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Table of Contents 

Item 1A. Risk Factors

Factors That May Affect Future Results

In this report, we have made various statements regarding current expectations or forecasts of future events. These statements are “forward-looking statements” within the meaning of that term in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are also made from time-to-time in press releases and in oral statements made by our officers. Forward-looking statements are identified by the words “estimate,” “project,” “anticipate,” “will continue,” “will likely result,” “expect,” “intend,” “believe,” “plan,” “predict” and similar expressions.

Such forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Therefore, undue reliance should not be placed upon these statements and estimates. These statements or estimates may not be realized and actual results may differ from those contemplated in these “forward-looking statements.” Some of the factors that may cause these statements and estimates to differ materially include, among others, market demand in the commercial vehicle industry, general economic, business and financing conditions, labor relations, government action, competitor pricing activity, expense volatility, and each of the risks highlighted below.

We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC. Our expectations, beliefs, or projections may not be achieved or accomplished. In addition to other factors discussed in the report, some of the important factors that could cause actual results to differ from those discussed in the forward-looking statements include the following risk factors.

Risks Related to Our Business and Industry

We rely on, and make significant operational decisions based, in part, upon industry data for commercial vehicles and for the end markets that Brillion serves, and these forecasts that may prove to be inaccurate.

We continue to operate in a challenging economic environment and our ability to maintain liquidity may be affected by economic or other conditions that are beyond our control and which are difficult to predict. The 2014 OEM production forecasts by ACT Publications for the significant commercial vehicle markets that we serve, as of February 10, 2014, are as follows:

North American Class 8	275,207
North American Classes 5-7	213,751
U.S. Trailers	242,050

Brillion’s end markets include commercial truck, mobile off-highway construction, agricultural, and mining equipment, and oil and gas infrastructure.

We are dependent on sales to a small number of our major customers in our Wheels and Gunite segments and on our status as standard supplier on certain truck platforms of each of our major customers.

Sales, including aftermarket sales, to Navistar, DTNA, Volvo/Mack, and PACCAR constituted approximately 14.3 percent, 14.1 percent, 9.3 percent, and 7.1 percent, respectively, of our 2013 net sales. No other customer accounted for more than 5 percent of our net sales for this period. The loss of any significant portion of sales to any of our major customers would likely have a material adverse effect on our business, results of operations or financial condition.

We are a standard supplier of various components at many of our major OEM customers, which results in recurring revenue as our standard components are installed on most trucks ordered from that platform, unless the end user specifically requests a different product, generally at an additional charge. The selection of one of our products as a standard component may also create a steady demand for that product in the aftermarket. We may not maintain our current standard supplier positions in the future, and may not become the standard supplier for additional truck platforms. The loss of a significant standard supplier position or a significant number of standard supplier positions with a major customer could have a material adverse effect on our business, results of operations or financial condition.  For example, during 2012 Gunite lost standard position at two OEMs for certain products, which led to impairment charges as described in Note 4 “Goodwill and Other Intangible Assets” and Note 6 “Property, Plant and Equipment”.

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We are continuing to engage in efforts intended to improve and expand our relations with each of the customers named above. We have supported our position with these customers through direct and active contact with end users, trucking fleets, and dealers, and have located certain of our marketing personnel in offices near these customers and most of our other major customers. We may not be able to successfully maintain or improve our customer relationships so that these customers will continue to do business with us as they have in the past or be able to supply these customers or any of our other customers at current levels. The loss of a significant portion of our sales to any of these named customers could have a material adverse effect on our business, results of operations or financial condition. In addition, the delay or cancellation of material orders from, or problems at, any of our other major customers could have a material adverse effect on our business, results of operations, or financial condition.

Increased cost or reduced supply of raw materials and purchased components may adversely affect our business, results of operations or financial condition.

Our business is subject to the risk of price increases and fluctuations and periodic delays in the delivery of raw materials and purchased components that are beyond our control. Our operations require substantial amounts of raw steel, aluminum, steel scrap, pig iron, electricity, coke, natural gas, bearings, purchased components, silicon sand, binders, sand additives, and coated sand. Fluctuations in the delivery of these materials may be driven by the supply/demand relationship for material, factors particular to that material or governmental regulation for raw materials such as electricity and natural gas.  In addition, if any of our suppliers seek bankruptcy relief or otherwise cannot continue their business as anticipated or we cannot renew our supply contracts on favorable terms, the availability or price of raw materials could be adversely affected.  Fluctuations in prices and/or availability of the raw materials or purchased components used by us, which at times may be more pronounced during periods of increased industry demand, may affect our profitability and, as a result, have a material adverse effect on our business, results of operations, or financial condition. In addition, as described above, a shortening or elimination of our trade credit by our suppliers may affect our liquidity and cash flow and, as a result, have a material adverse effect on our business, results of operations, or financial condition.

We use substantial amounts of raw steel and aluminum in our production processes to produce our steel and aluminum wheels. Although raw steel is generally available from a number of sources, we have obtained favorable sourcing by negotiating and entering into high-volume contracts with terms ranging from one to two years. We obtain raw steel and aluminum from various suppliers. We may not be successful in renewing our supply contracts on favorable terms or at all. A substantial interruption in the supply of raw steel or aluminum or inability to obtain a supply of raw steel or aluminum on commercially desirable terms could have a material adverse effect on our business, results of operations or financial condition. We are not always able, and may not be able in the future, to pass on increases in the price of raw steel or aluminum to our customers on a timely basis or at all. In particular, when raw material prices increase rapidly or to significantly higher than normal levels, we may not be able to pass price increases through to our customers on a timely basis, if at all, which could adversely affect our operating margins and cash flow. Any fluctuations in the price or availability of raw steel or aluminum may have a material adverse effect on our business, results of operations or financial condition.

Steel scrap and pig iron are also major raw materials used in our business to produce our wheel-end and industrial components. Steel scrap is derived from, among other sources, junked automobiles, industrial scrap, railroad cars, agricultural and heavy machinery, and demolition steel scrap from obsolete structures, containers and machines. Pig iron is a low-grade cast iron that is a product of smelting iron ore with coke and limestone in a blast furnace. The availability and price of steel scrap and pig iron are subject to market forces largely beyond our control, including North American and international demand for steel scrap and pig iron, freight costs, speculation and foreign exchange rates. Steel scrap and pig iron availability and price may also be subject to governmental regulation. We are not always able, and may not be able in the future, to pass on increases in the price of steel scrap and pig iron to our customers. In particular, when raw material prices increase rapidly or to significantly higher than normal levels, we may not be able to pass price increases through to our customers on a timely basis, if at all, which could have a material adverse effect on our operating margins and cash flow. Any fluctuations in the price or availability of steel scrap or pig iron may have a material adverse effect on our business, results of operations or financial condition. See “Item 1—Business—Raw Materials and Suppliers”.

Our business is affected by the seasonality and regulatory nature of the industries and markets that we serve.

Our operations are typically seasonal as a result of regular customer maintenance and model changeover shutdowns, which typically occur in the third and fourth quarter of each calendar year.  This seasonality may result in decreased net sales and profitability during the third and fourth fiscal quarters and have a material adverse effect on our business, results of operations, or financial condition. In addition, our Gunite product line typically experiences higher aftermarket purchases of wheel-end components during the first and second quarters of the calendar year. In addition, federal and state regulations (including engine emissions regulations, tariffs, import regulations and other taxes) may have a material adverse effect on our business and are beyond our control.

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Cost reduction and quality improvement initiatives by OEMs could have a material adverse effect on our business, results of operations or financial condition.

We are primarily a components supplier to the heavy- and medium-duty truck industries, which are characterized by a small number of OEMs that are able to exert considerable pressure on components suppliers to reduce costs, improve quality and provide additional design and engineering capabilities. Given the fragmented nature of the industry, OEMs continue to demand and receive price reductions and measurable increases in quality through their use of competitive selection processes, rating programs, and various other arrangements. We may be unable to generate sufficient production cost savings in the future to offset such price reductions. OEMs may also seek to save costs by relocating production to countries with lower cost structures, which could in turn lead them to purchase components from local suppliers with lower production costs. Additionally, OEMs have generally required component suppliers to provide more design engineering input at earlier stages of the product development process, the costs of which have, in some cases, been absorbed by the suppliers. Future price reductions, increased quality standards and additional engineering capabilities required by OEMs may reduce our profitability and have a material adverse effect on our business, results of operations, or financial condition.

We operate in highly competitive markets and we may not be able to compete successfully.

The markets in which we operate are highly competitive. We compete with a number of other manufacturers and distributors that produce and sell similar products. Our products primarily compete on the basis of price, manufacturing and distribution capability, product design, product quality, product delivery and product service. Some of our competitors are companies, or divisions, units or subsidiaries of companies that are larger and have greater financial and other resources than we do. For these reasons, our products may not be able to compete successfully with the products of our competitors. In addition, our competitors may foresee the course of market development more accurately than we do, develop products that are superior to our products, have the ability to produce similar products at a lower cost than we can, or adapt more quickly than we do to new technologies or evolving regulatory, industry, or customer requirements. As a result, our products may not be able to compete successfully with their products. In addition, OEMs may expand their internal production of components, shift sourcing to other suppliers, or take other actions that could reduce the market for our products and have a negative impact on our business. We may encounter increased competition in the future from existing competitors or new competitors. We expect these competitive pressures in our markets to remain strong. See “Item 1—Business—Competition”.

In addition, competition from foreign truck components suppliers, especially in the aftermarket, may lead to an increase in truck components imports into North America, adversely affecting our market share and negatively affecting our ability to compete. Foreign truck components suppliers, including those in China, may in the future increase their current share of the markets for truck components in which we compete. Some of these foreign suppliers may be owned, controlled or subsidized by their governments, and their decisions with respect to production, sales and exports may be influenced more by political and economic policy considerations than by prevailing market conditions. In addition, foreign truck components suppliers may be subject to less restrictive regulatory and environmental regimes that could provide them with a cost advantage relative to North American suppliers. Therefore, there is a risk that some foreign suppliers, including those in China, may increase their sales of truck components in North American markets despite decreasing profit margins or losses.

On March 30, 2011, we, along with one other United States domestic commercial vehicle steel wheel supplier, filed antidumping and countervailing duty petitions with the United States International Trade Commission and the United States Department of Commerce alleging that manufacturers of certain steel wheels in China are dumping their products in the United States and that these manufacturers have been subsidized by their government in violation of United States trade laws.  In May 2011, the International Trade Commission issued a preliminary determination that there was a reasonable indication that the U.S. steel wheel industry is materially injured or threatened with material injury by reason of imports from China of certain steel wheels, and began the final phase of its investigation.  In August 2011, the U.S. Department of Commerce issued a preliminary determination of countervailing duties on steel wheels imported from China ranging from 26.2 percent to 46.6 percent ad valorem, and in October 2011, the U.S. Department of Commerce issued a preliminary determination of antidumping duty margins ranging from 110.6 percent to 243.9 percent ad valorem.  On March 19, 2012, the Department of Commerce made final determinations of dumping and subsidy margins which cumulatively were approximately 70 percent to 228 percent ad valorem.  However, on April 17, 2012, the International Trade Commission determined that the domestic industry has not been injured and was not presently threatened with injury from subject imports, and consequently withdrew all import duties on the subject imports.  If future trade cases do not provide relief from unfair trade practices, U.S. protective trade laws are weakened or international demand for trucks and/or truck components decreases, an increase of truck component imports into the United States may occur, which could have a material adverse effect on our business, results of operation or financial condition.

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Table of Contents

Economic and other conditions may adversely impact the valuation of our assets resulting in impairment charges that could have a material adverse effect on our business, results of operations, or financial condition.

We review goodwill and our indefinite lived intangible assets (trade names) for impairment annually or more frequently if impairment indicators exist. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others: a significant decline in our expected future cash flows, a sustained, significant decline in our stock price and market capitalization, a significant adverse change in industry or economic trends, unanticipated competition, slower growth rates, and significant changes in the manner of the use of our assets or the strategy for our overall business. Any adverse change in these factors could have a significant impact on the recoverability of these assets and could have a material impact on our consolidated financial statements. For example, due to  business developments during 2012, including the loss of standard position for some of its products at two OEM customers, our Gunite reporting unit recorded goodwill, intangibles, and property, plant and equipment impairments of $62.8 million, $36.8 million and $34.1 million for the year ended December 31, 2012.  If we determine in the future that there are other potential impairments in any of our reporting units, we may be required to record additional charges to earnings that could have a material adverse effect on our business, results of operations, or financial condition.

We are subject to risks associated with our international operations.

We sell products in international locations and operate plants in Canada and Mexico. In addition, it is part of our strategy to continue to expand internationally. Our current and future international sales and operations are subject to risks and uncertainties, including:

·   possible government legislation;

·   difficulties and costs associated with complying with a wide variety of complex and changing laws, treaties and regulations;

·   unexpected changes in regulatory environments;

·   limitations on our ability to enforce legal rights and remedies;

·   economic and political conditions, war and civil disturbance;

·   tax rate changes;

·   tax inefficiencies and currency exchange controls that may adversely impact our ability to repatriate cash from non-United States subsidiaries;

·   the imposition of tariffs or other import or export restrictions;

·   costs and availability of shipping and transportation;

·   increased competition from global competitors; and

·   nationalization of properties by foreign governments.

We may have difficulty anticipating and effectively managing these and other risks that our international operations may face, which may adversely impact our business outside the United States and our business, financial condition and results of operations.  In addition, international expansion will also require significant attention from our management and could require us to add additional management and other resources in these markets.

In addition, we operate in parts of the world that have experienced governmental corruption, and we could be adversely affected by violations of the Foreign Corrupt Practices Act (“FCPA”) and similar worldwide anti-bribery laws. The FCPA and similar anti-bribery laws in other jurisdictions generally prohibit companies and their intermediaries from making improper payments to non-U.S. officials for the purpose of obtaining or retaining business. If we were found to be liable for FCPA violations, we could be liable for criminal or civil penalties or other sanctions, which could have a material adverse impact on our business, financial condition and results of operations.

We face exposure to foreign business and operational risks including foreign exchange rate fluctuations and if we were to experience a substantial fluctuation, our profitability may change.

In the normal course of doing business, we are exposed to risks associated with changes in foreign exchange rates, particularly with respect to the Canadian Dollar and Mexican Peso. From time to time, we use forward foreign exchange

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contracts, and other derivative instruments, to help offset the impact of the variability in exchange rates on our operations, cash flows, assets and liabilities. At December 31, 2013, however, we had no open foreign exchange forward contracts. Factors that could further impact the risks associated with changes in foreign exchange rates include the accuracy of our sales estimates, volatility of currency markets and the cost and availability of derivative instruments. See “Item 7A— Quantitative and Qualitative Disclosure about Market Risk —Foreign Currency Risk”. In addition, changes in the laws or governmental policies in the countries in which we operate could have a material adverse effect on our business, results of operations, or financial condition.

We may not be able to continue to meet our customers’ demands for our products and services.

In order to remain competitive, we must continue to meet our customers’ demand for our products and services. However, we may not be successful in doing so. If our customers’ demand for our products and/or services exceeds our ability to meet that demand, we may be unable to continue to provide our customers with the products and/or services they require to meet their business needs. Factors that could result in our inability to meet customer demands include an unforeseen spike in demand for our products and/or services, a failure by one or more of our suppliers to supply us with the raw materials and other resources that we need to operate our business effectively or poor management of our Company or one or more divisions or units of our Company, among other factors. Our ability to provide our customers with products and services in a reliable and timely manner, in the quantity and quality desired and with a high level of customer service, may be severely diminished as a result. If this happens, we may lose some or all of our customers to one or more of our competitors, which could have a material adverse effect on our business, results of operations, or financial condition.

In addition, it is important that we continue to meet our customers’ demands in the truck components industry for product innovation, improvement and enhancement, including the continued development of new-generation products, design improvements and innovations that improve the quality and efficiency of our products. Developing product innovations for the truck components industry has been and will continue to be a significant part of our strategy. However, such development will require us to continue to invest in research and development and sales and marketing. Our recent financial condition has constrained our ability to make such investments. In the future, we may not have sufficient resources to make such necessary investments, or we may be unable to make the technological advances necessary to carry out product innovations sufficient to meet our customers’ demands. We are also subject to the risks generally associated with product development, including lack of market acceptance, delays in product development and failure of products to operate properly. We may, as a result of these factors, be unable to meaningfully focus on product innovation as a strategy and may therefore be unable to meet our customers’ demand for product innovation.

Equipment failures, delays in deliveries or catastrophic loss at any of our facilities could lead to production or service curtailments or shutdowns.

We manufacture our products and provide services at eight facilities and provide logistical services at our just-in-time sequencing facilities in the United States. An interruption in production or service capabilities at any of these facilities as a result of equipment failure or other reasons could result in our inability to produce our products, which would reduce our net sales and earnings for the affected period. In the event of a stoppage in production at any of our facilities, even if only temporary, or if we experience delays as a result of events that are beyond our control, delivery times to our customers could be severely affected. Any significant delay in deliveries to our customers could lead to increased returns or cancellations and cause us to lose future sales. Our facilities are also subject to the risk of catastrophic loss due to unanticipated events such as fires, explosions or violent weather conditions. We may experience plant shutdowns or periods of reduced production as a result of equipment failure, delays in deliveries or catastrophic loss, which expenses in excess of insurance, if any, could have a material adverse effect on our business, results of operations or financial condition.

We are subject to risks relating to our information technology systems, and any failure to adequately protect our critical information technology systems could materially affect our operations.

We rely on information technology systems across our operations, including for management, supply chain and financial information and various other processes and transactions. In addition, we are in the process of a corporate-wide migration to a new enterprise resource planning (“ERP”) software system.  Our ability to effectively manage our business depends on the security, reliability and capacity of these systems. Information technology system failures, network disruptions or breaches of security could disrupt our operations, causing delays or cancellation of customer orders or impeding the manufacture or shipment of products, processing of transactions or reporting of financial results. An attack or other problem with our systems could also result in the disclosure of proprietary information about our business or confidential information concerning our customers or employees, which could result in significant damage to our business and our reputation.

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In addition, we could be required to expend significant additional amounts to respond to information technology issues or to protect against threatened or actual security breaches. We may not be able to implement measures that will protect against all of the significant risks to our information technology systems.

We may incur potential product liability, warranty and product recall costs.

We are subject to the risk of exposure to product liability, warranty and product recall claims in the event any of our products results in property damage, personal injury or death, or does not conform to specifications. We may not be able to continue to maintain suitable and adequate insurance in excess of our self-insured amounts on acceptable terms that will provide adequate protection against potential liabilities. In addition, if any of our products proves to be defective, we may be required to participate in a recall involving such products. A successful claim brought against us in excess of available insurance coverage, if any, or a requirement to participate in any product recall, could have a material adverse effect on our business, results of operations or financial condition.

Work stoppages or other labor issues at our facilities or at our customers’ facilities could have a material adverse effect on our operations.

As of December 31, 2013, unions represented approximately 64.9 percent of our workforce. As a result, we are subject to the risk of work stoppages and other labor relations matters. Any prolonged strike or other work stoppage at any one of our principal unionized facilities could have a material adverse effect on our business, results of operations or financial condition. We have collective bargaining agreements with different unions at various facilities. These collective bargaining agreements expire at various times over the next few years, with the exception of our union contract at our Monterrey, Mexico facility, which expires on an annual basis. The 2014 negotiations in Monterrey were successfully completed prior to the expiration of our union contract. In 2012, we extended the labor contract at our London, Ontario facility through March 2018.  Also, in 2013 we successfully negotiated our collective bargaining agreement at our Brillion, Wisconsin facility, extending that agreement through June, 2018.  In 2014, we have collective bargaining agreements expiring at our Erie, Pennsylvania and Rockford, Illinois facilities.  We do not anticipate that our 2014 negotiations will have a material adverse effect on our operating performance or cost.

In addition, if any of our customers experience a material work stoppage, that customer may halt or limit the purchase of our products. This could cause us to shut down production facilities relating to these products, which could have a material adverse effect on our business, results of operations or financial condition.

We are subject to a number of environmental laws and regulations that may require us to make substantial expenditures or cause us to incur substantial liabilities.

Our operations, facilities, and properties are subject to extensive and evolving laws and regulations pertaining to air emissions, wastewater and stormwater discharges, the handling and disposal of solid and hazardous materials and wastes, the investigation and remediation of contamination, and otherwise relating to health, safety, and the protection of the environment and natural resources. The violation of such laws can result in significant fines, penalties, liabilities or restrictions on operations. From time to time, we are involved in administrative or legal proceedings relating to environmental, health and safety matters, and have in the past incurred and will continue to incur capital costs and other expenditures relating to such matters. For example, we are involved in a proceeding regarding alleged violations of stormwater regulations at our Brillion facility, which could subject us to fines, penalties or other liabilities. In connection with that matter, we have made certain capital improvements related to the underlying allegations. Based on current information, we do not expect that this matter will have a material adverse effect on our business, results of operations or financial conditions; however, we cannot assure you that these or any other future environmental compliance matters will not have such an effect.

In addition to environmental laws that regulate our ongoing operations, we are also subject to environmental remediation liability. Under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and analogous state laws, we may be liable as a result of the release or threatened release of hazardous materials into the environment regardless of when the release occurred. We are currently involved in several matters relating to the investigation and/or remediation of locations where we have arranged for the disposal of foundry wastes. Such matters include situations in which we have been named or are believed to be potentially responsible parties in connection with the contamination of these sites. Additionally, environmental remediation may be required to address soil and groundwater contamination identified at certain of our facilities.

As of December 31, 2013, we had an environmental reserve of approximately $1.5 million, related primarily to our foundry operations. This reserve is based on management’s review of potential liabilities as well as cost estimates related

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thereto. Any expenditures required for us to comply with applicable environmental laws and/or pay for any remediation efforts will not be reduced or otherwise affected by the existence of the environmental reserve. Our environmental reserve may not be adequate to cover our future costs related to the sites associated with the environmental reserve, and any additional costs may have a material adverse effect on our business, results of operations or financial condition. The discovery of additional environmental issues, the modification of existing laws or regulations or the promulgation of new ones, more vigorous enforcement by regulators, the imposition of joint and several liability under CERCLA or analogous state laws, or other unanticipated events could also result in a material adverse effect.

The Iron and Steel Foundry National Emission Standard for Hazardous Air Pollutants (“NESHAP”) was developed pursuant to Section 112(d) of the Clean Air Act and requires major sources of hazardous air pollutants to install controls representative of maximum achievable control technology. Based on currently available information, we do not anticipate material costs regarding ongoing compliance with the NESHAP; however if we are found to be out of compliance with the NESHAP, we could incur liability that could have a material adverse effect on our business, results of operations or financial condition.

At the Erie, Pennsylvania, facility, we have obtained an environmental insurance policy to provide coverage with respect to certain environmental liabilities.

Management does not believe that the outcome of any environmental proceedings will have a material adverse effect on our consolidated financial condition or results of operations. See “Item 1—Business—Environmental Matters.”

Future climate change regulation may require us to make substantial expenditures or cause us to incur substantial liabilities.

Many scientists, legislators and others attribute climate change to increased emissions of greenhouse gases (“GHGs”), which has led to significant legislative and regulatory efforts to limit GHGs. In the recent past, Congress has considered legislation that would have reduced GHG emissions through a cap-and-trade system of allowances and credits, under which emitters would be required to buy allowances to offset emissions. In addition, in late 2009, the EPA promulgated a rule requiring certain emitters of GHGs to monitor and report data with respect to their GHG emissions and, in May 2010, finalized its “tailoring” rule for determining which stationary sources are required to obtain permits, or implement best available control technology, on account of their GHG emission levels. The EPA is also expected to adopt additional rules in the future that will require permitting for ever-broader classes of GHG emission sources. Moreover, several states, including states in which we have facilities, are considering or have begun to implement various GHG registration and reduction programs. Certain of our facilities use significant amounts of energy and may emit amounts of GHGs above certain existing and/or proposed regulatory thresholds. GHG laws and regulations could increase the price of the energy we purchase, require us to purchase allowances to offset our own emissions, require us to monitor and report our GHG emissions or require us to install new emission controls at our facilities, any one of which could significantly increase our costs or otherwise negatively affect our business, results of operations or financial condition. In addition, future efforts to curb transportation-related GHGs could result in a lower demand for our products, which could negatively affect our business, results of operation or financial condition. While future GHG regulation appears likely, it is difficult to predict how these regulations will affect our business, results of operations or financial condition.

We might fail to adequately protect our intellectual property, or third parties might assert that our technologies infringe on their intellectual property.

The protection of our intellectual property is important to our business. We rely on a combination of trademarks, copyrights, patents, and trade secrets to provide protection in this regard, but this protection might be inadequate. For example, our pending or future trademark, copyright, and patent applications might not be approved or, if allowed, they might not be of sufficient strength or scope. Conversely, third parties might assert that our technologies or other intellectual property infringe on their proprietary rights. Any intellectual property-related litigation could result in substantial costs and diversion of our efforts and, whether or not we are ultimately successful, the litigation could have a material adverse effect on our business, results of operations or financial condition. See “Item 1—Business—Intellectual Property.”

Litigation against us could be costly and time consuming to defend.

We are regularly subject to legal proceedings and claims that arise in the ordinary course of business, such as workers’ compensation claims, OSHA investigations, employment disputes, unfair labor practice charges, customer and supplier disputes, intellectual property disputes, and product liability claims arising out of the conduct of our business. Litigation may result in substantial costs and may divert management’s attention and resources from the operation of our business, which could have a material adverse effect on our business, results of operations or financial condition.

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Anti-takeover provisions, including our stockholder rights plan, could discourage or prevent potential acquisition proposals and a change of control, and thereby adversely impact the performance of our common stock.

On November 9, 2011, our Board of Directors adopted a Rights Agreement (the “Original Rights Agreement”) pursuant to which one purchase right was distributed as a dividend on each share of our common stock held of record as of the close of business on November 23, 2011.  On November 7, 2012, our Board of Directors adopted an Amended and Restated Rights Agreement (the “Amended and Restated Rights Agreement”), which modified the Original Rights Agreement by extending the term of the Original Rights Agreement to November 9, 2015, subject to stockholder approval at our 2013 annual meeting of stockholders, and making certain other adjustments.  On December 19, 2012, our Board of Directors amended the Amended and Restated Rights Agreement by shortening the term to April 30, 2014, subject to stockholder approval at our 2013 annual meeting of stockholders.  Our stockholders ratified the Amended and Restated Rights Agreement at our 2013 annual meeting and the right will automatically expire and the Amended and Restated Rights Agreement will terminate on April 30, 2014.

Upon becoming exercisable, each right will entitle its holder to purchase from the Company one one-hundredth of a share of our Series A Junior Participating Preferred Stock for the purchase price of $30.00. Generally, the rights will become exercisable ten business days after the date on which any person or group becomes the beneficial owner of 20% or more of our common stock or has commenced a tender or exchange offer which, if consummated, would result in any person or group becoming the beneficial owner of 20% or more of our common stock, subject to the terms and conditions set forth in the rights agreement. The rights are attached to the certificates representing outstanding shares of common stock until the rights become exercisable, at which point separate certificates will be distributed to the record holders of our common stock. If a person or group becomes the beneficial owner of 20% or more of our common stock, which we refer to as an “acquiring person,” each right will entitle its holder, other than the acquiring person, to receive upon exercise a number of shares of our common stock having a market value of two times the purchase price of the right.

The rights agreement is designed to deter coercive takeover tactics and to prevent an acquirer from gaining control of the Company without offering a fair price to all of our stockholders. The rights agreement is intended to accomplish these objectives by encouraging a potential acquirer to negotiate with our Board of Directors to have the rights redeemed or the rights agreement amended prior to such party exceeding the ownership thresholds set forth in the rights agreement. The existence of the rights agreement and the rights of holders of any other shares of preferred stock that may be issued in the future, however, could have the effect of making it more difficult for a third party to acquire a majority of our outstanding common stock, and thereby adversely affect the price of our common stock. In addition, certain other anti-takeover provisions contained in our governing documents, including our advance notice bylaw and the fact that our stockholders may not call special meetings or take action by written consent, could also deter a change of control and negatively affect the price of our common stock.

If a person was able to acquire a substantial amount of our common stock, however, including after the rights expire on the close of business on April 30, 2014, a change of control could be triggered under Delaware General Corporation Law, our ABL credit facility or the indenture governing our senior notes. If a change of control under our ABL credit facility were to occur, we would need to obtain a waiver from our lenders or amend the facility. If a change of control under the indenture were to occur, we could be required to repurchase our senior notes at the option of the holders. If we are unable to obtain a waiver/amendment or repurchase the notes, as applicable, or otherwise refinance these debts, the lenders or noteholders, as applicable, could potentially accelerate these debts, and our liquidity and capital resources could be significantly limited and our business operations could be materially and adversely affected.

If we fail to retain our executive officers, our business could be harmed.

Our success largely depends on the efforts and abilities of our executive officers. Their skills, experience and industry contacts significantly contribute to the success of our business and our results of operations. The loss of any one of them could have a material adverse effect on our business, results of operations or financial condition. All of our executive officers are at will, but, as noted below, many of them have a severance agreement. In addition, our future success and profitability will also depend, in part, upon our continuing ability to attract and retain highly qualified personnel throughout our Company.

We have entered into typical severance arrangements with certain of our senior management employees, which may result in certain costs associated with strategic alternatives.

Severance and retention agreements with certain senior management employees provide that the participating executive is entitled to a regular severance payment if we terminate the participating executive’s employment without “cause” or if the participating executive terminates his or her employment with us for “good reason” (as these terms are

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defined in the agreement) at any time other than during a “Protection Period.” The regular severance benefit is equal to the participating executive’s base salary for one year. See “Item 10—Directors, Executive Officers, and Corporate Governance.” A Protection Period begins on the date on which a “change in control” (as defined in the agreement) occurs and ends 18 months after a “change in control”.

The change in control severance benefit is payable to an executive if his or her employment is terminated during the Protection Period either by the participating executive for “good reason” or by us without “cause.” The change in control severance benefits for Tier II executives (Messrs. Dauch, Adams, Hazlett, Martin, Risch, and Ms. Blair) consist of a payment equal to 200% of the executive’s salary plus 200% of the greater of (i) the annualized incentive compensation to which the executive would be entitled as of the date on which the change of control occurs or (ii) the average incentive compensation award over the three years prior to termination. The change in control severance benefits for Tier III executives (other key executives) consist of a payment equal to 100% of the executive’s salary and 100% of the greater of (i) the annualized incentive compensation to which the executive would be entitled as of the date on which the change of control occurs or (ii) the average incentive compensation award over the three years prior to termination. If the participating executive’s termination occurs during the Protection Period, the severance and retention agreement also provides for the continuance of certain other benefits, including reimbursement for forfeitures under qualified plans and continued health, disability, accident and dental insurance coverage for the lesser of 18 months (or 12 months in the case of Tier III executives) from the date of termination or the date on which the executive receives such benefits from a subsequent employer. There are currently no Tier I executives with severance and retention agreements.

 Neither the regular severance benefit nor the change in control severance benefit is payable if we terminate the participating executive’s employment for “cause,” if the executive voluntarily terminates his or her employment without “good reason” or if the executive’s employment is terminated as a result of disability or death. Any payments to which the participating executive may be entitled under the agreement will be reduced by the full amount of any payments to which the executive may be entitled due to termination under any other severance policy offered by us. These agreements would make it costly for us to terminate certain of our senior management employees and such costs may also discourage potential acquisition proposals, which may negatively affect our stock price.

Our products may be rendered obsolete or less attractive by changes in regulatory, legislative or industry requirements.

Changes in regulatory, legislative or industry requirements may render certain of our products obsolete or less attractive. Our ability to anticipate changes in these requirements, especially changes in regulatory standards, will be a significant factor in our ability to remain competitive. We may not be able to comply in the future with new regulatory, legislative and/or industrial standards that may be necessary for us to remain competitive and certain of our products may, as a result, become obsolete or less attractive to our customers.

Our strategic initiatives may be unsuccessful, may take longer than anticipated, or may result in unanticipated costs.

Future strategic initiatives could include divestitures, acquisitions, and restructurings, the success and timing of which will depend on various factors. Many of these factors are not in our control. In addition, the ultimate benefit of any acquisition would depend on the successful integration of the acquired entity or assets into our existing business. Failure to successfully identify, complete, and/or integrate future strategic initiatives could have a material adverse effect on our business, our results of operations, or financial condition.

Additionally, our strategy contemplates significant growth in international markets in which we have significantly less market share and experience than we have in our domestic operations and markets. In addition, some of our competitors have established a global footprint.  An inability to penetrate these international markets could adversely affect our results of operations.

Our ability to use net operating losses to offset future taxable income may be subject to certain limitations.

In general, under Section 382 of the Internal Revenue Code of 1986, as amended, or the Internal Revenue Code, a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change net operating losses (“NOLs”), to offset future taxable income. Future changes in our stock ownership, some of which are outside of our control, could result in an ownership change under Section 382 of the Internal Revenue Code. For these reasons, we may not be able to utilize a material portion of the NOLs reflected on our balance sheet, even if we return to profitability.

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Table of Contents

Risks Related to Our Indebtedness

Our leverage and debt service obligations could have a material adverse effect on our financial condition or our ability to fulfill our obligations and make it more difficult for us to fund our operations.

As of December 31, 2013, our total gross indebtedness was $345.0 million. Our indebtedness and debt service obligations could have important negative consequences to us, including:

• Difficulty satisfying our obligations with respect to our indebtedness;

• Difficulty obtaining financing in the future for working capital, capital expenditures, acquisitions or other purposes;

• Increased vulnerability to general economic downturns and adverse industry conditions;

• Limited flexibility in planning for, or reacting to, changes in our business and in our industry in general;

• Placing us at a competitive disadvantage compared to our competitors that have less debt, and

Despite our leverage, we and our subsidiaries will be able to incur more indebtedness. This could further exacerbate the risk immediately described above, including our ability to service our indebtedness.

We and our subsidiaries may be able to incur additional indebtedness in the future. Although our ABL credit facility and indenture governing our senior notes contain restrictions on the incurrence of additional indebtedness, such restrictions are subject to a number of qualifications and exceptions, and under certain circumstances indebtedness incurred in compliance with such restrictions (or with the consent of our lenders) could be substantial. For example, we may incur additional debt to, among other things, finance future acquisitions, expand through internal growth, fund our working capital needs, comply with regulatory requirements, respond to competition or for general financial reasons alone. To the extent new debt is added to our and our subsidiaries’ current debt levels, the risks described above would increase.

To service our indebtedness, we will require a significant amount of cash. Our ability to generate cash depends on many factors beyond our control.

Our ability to make payments on and to refinance our indebtedness and to fund planned capital expenditures and research and development efforts will depend on our ability to generate cash in the future. This, to a certain extent, is subject to general economic, financial, competitive, legislative, regulatory, and other factors that are beyond our control.

Our business may not, however, generate sufficient cash flow from operations. Future borrowings may not be available to us under our ABL credit facility in an amount sufficient to enable us to pay our indebtedness or to fund other liquidity needs. If our cash flows and capital resources are insufficient to fund our debt service obligations, we may be forced to reduce or delay capital expenditures, sell material assets or operations, obtain additional equity capital or refinance all or a portion of our indebtedness. We are unable to predict the timing of such sales or the proceeds which we could realize from such sales, or whether we would be able to refinance any of our indebtedness on commercially reasonable terms or at all.

We are subject to a number of restrictive covenants, which, if breached, may restrict our business and financing activities.

Our ABL facility and the indenture governing our senior secured notes contain various covenants that impose operating and financial restrictions on us and/or our subsidiaries. Our failure to comply with any of these covenants, or our failure to make payments of principal or interest on our indebtedness, could result in an event of default, or trigger cross-default or cross-acceleration provisions under other agreements, which could result in these obligations becoming immediately due and payable, and cause our creditors to terminate their lending commitments. Any of the foregoing occurrences could have a material adverse effect on our business, results of operations or financial condition.

Risks Related to Our Emergence from Chapter 11 Bankruptcy Proceedings

Our actual financial results may vary significantly from the projections filed in connection with our October 2009 to February 2010 Chapter 11 bankruptcy proceedings, and investors should not rely on such projections.

Neither the projected financial information that we previously filed with the bankruptcy court in connection with our October 2009 to February 2010 Chapter 11 bankruptcy proceedings nor the financial information included in the Disclosure Statement filed with the bankruptcy court in conjunction with our Chapter 11 bankruptcy proceedings (the “Disclosure Statement”) should be considered or relied on in connection with the purchase of our Common Stock, or other securities. We were required to prepare projected financial information to demonstrate to the Bankruptcy Court the feasibility of the Plan

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of Reorganization and our ability to continue operations upon emergence from Chapter 11 bankruptcy proceedings. This projected financial information was filed with the Bankruptcy Court as part of our Disclosure Statement approved by the Bankruptcy Court. The projections reflected numerous assumptions concerning anticipated future performance and prevailing and anticipated market and economic conditions that were and continue to be beyond our control and that have not materialized. Projections are inherently subject to uncertainties and to a wide variety of significant business, economic and competitive risks. Our actual results will vary from those contemplated by the projections for a variety of reasons including the subsequent sales of assets related to our discontinued operations, the acquisition of our Camden, South Carolina aluminum wheel manufacturing operations, various restructuring initiatives, and changes in the competitive landscape. Furthermore, the projections were limited by the information available to us as of the date of the preparation of the projections, including production forecasts published by ACT Publications for 2011 and beyond. Therefore, variations from the projections may be material, and investors should not rely on such projections.

Item 1B. Unresolved Staff Comments

None.

Item 2. Properties

The table below sets forth certain information regarding the material owned and leased properties of Accuride as of December 31, 2013. We believe these properties are suitable and adequate for our business.

Facility Overview

Location	Business function	Brands Manufactured	Owned/ Leased	Size (sq. feet)
Evansville, IN	Corporate Headquarters	Corporate	Leased	37,229
London, Ontario, Canada	Heavy- and Medium-duty Steel Wheels, Light Truck Steel Wheels	Accuride	Owned	536,259
Henderson, KY	Heavy- and Medium-duty Steel Wheels, R&D	Accuride	Owned	364,365
Monterrey, Mexico	Heavy- and Medium-duty Steel and Aluminum Wheels, Light Truck Wheels	Accuride	Owned	262,000
Camden, SC	Forging and Machining-Aluminum Wheels	Accuride	Owned	80,000
Erie, PA	Forging and Machining-Aluminum Wheels	Accuride	Leased	421,229
Springfield, OH	Assembly Line and Sequencing	Accuride	Owned	136,036
Whitestown, IN	Subleased to unrelated third party	None	Leased	364,000
Batavia, IL	Warehouse	Various	Leased	170,462
Rockford, IL	Wheel-end Foundry, Warehouse, Administrative Office	Gunite	Owned	619,000
Brillion, WI	Molding, Finishing, Administrative Office	Brillion	Owned	593,200
Portland, TN	Leased to unrelated third party	None	Owned	86,000
Elkhart, IN	Idle facility	None	Owned	258,000

Our Erie, Pennsylvania property may be purchased for a nominal sum, subject to refinancing of $1.7 million from the local government economic development organization.  There are no plans to purchase this property.

Our Elkhart, Indiana facility ceased manufacturing operations on November 30, 2012. All manufacturing operations for this facility have been consolidated into our Rockford, Illinois facility.  Our Whitestown, Indiana facility operations were moved to Batavia, Illinois in the second half 2013 and this facility is currently being subleased to an unrelated third party.  Our Portland, Tennessee facility operations were ceased by Imperial Group on August 1, 2013, this facility is currently being leased to the purchaser of the Imperial Group assets (See Note 2-Discontinued Operations for further explanation.)

Item 3. Legal Proceedings

Neither Accuride nor any of our subsidiaries is a party to any legal proceeding which, in the opinion of management, would have a material adverse effect on our business or financial condition. However, we from time-to-time are involved in ordinary routine litigation incidental to our business, including actions related to product liability, contractual liability, intellectual property, workplace safety and environmental claims. We establish reserves for matters in which losses are probable and can be reasonably estimated. While we believe that we have established adequate accruals for our expected future liability with respect to our pending legal actions and proceedings, our liability with respect to any such action or proceeding may exceed our established accruals. Further, litigation that may arise in the future may have a material adverse effect on our financial condition.

Item 4. Mine Safety Disclosures

None.

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PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Common Stock

As of February 28, 2014, there were approximately 10 holders of record of our postpetition Common Stock, although there are substantially more beneficial owners.

The following table sets forth the high and low sale prices of our Common Stock during 2012 and 2013.

	High		Low
Fiscal Year Ended December 31, 2012
First Quarter	$	9.14	$	6.90
Second Quarter	$	9.03	$	5.39
Third Quarter	$	6.24	$	4.49
Fourth Quarter	$	4.92	$	2.21
Fiscal Year Ended December 31, 2013
First Quarter	$	5.74	$	3.12
Second Quarter	$	5.83	$	4.26
Third Quarter	$	6.88	$	4.80
Fourth Quarter	$	5.33	$	3.10

On February 28, 2014, the closing price of our Common Stock was $4.41.

DIVIDEND POLICY

We have never declared or paid any cash dividends on our Common Stock. For the foreseeable future, we intend to retain any earnings, and we do not anticipate paying any cash dividends on our Common Stock. In addition, our ABL credit facility and indenture governing the senior secured notes restrict our ability to pay dividends. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Capital Resources and Liquidity.” Any future determination to pay dividends will be at the discretion of our Board of Directors and will be dependent upon then existing conditions, including our financial condition and results of operations, capital requirements, contractual restrictions, business prospects and other factors that our Board of Directors considers relevant.

2010 RESTRICTED STOCK UNIT AWARDS

In May 2010, we entered into individual restricted stock unit agreements with certain employees of the Company and its subsidiaries that provided for the issuance of up to 178,268 shares of Common Stock. The RSUs entitled the recipients to receive a corresponding number of shares of the Company's Common Stock on the date the RSU vests. The RSUs were not granted under the terms of any plan and are evidenced by the previously filed form Restricted Stock Unit Agreement. The RSUs vested one-third annually over three years subject to the employee's continued employment with the Company. The final tranche of these RSU awards vested in May, 2013.

In August 2010, we entered into individual restricted stock unit agreements with members of our Board of Directors that provided for the issuance of up to 55,790 shares of Common Stock. The RSUs entitled the recipients to receive a corresponding number of shares of the Company's Common Stock on the date the RSU vests. The RSUs were not granted under the terms of any plan and are evidenced by the previously filed form Restricted Stock Unit Agreement. 30,429 RSUs vested on March 1, 2011 and the 7,246 RSU awards that remain outstanding are projected to vest on March 1, 2014 subject to the director’s continued service with the Company. The RSUs will fully vest upon a change in control of the Company, as defined in the Restricted Stock Unit Agreement.

STOCK INCENTIVE

In August 2010, we adopted the Accuride Corporation 2010 Incentive Award Plan (the “2010 Incentive Plan”) and reserved 1,260,000 shares of Common Stock for issuance under the plan, plus such additional shares of Common Stock that the plan administrator deemed necessary to prevent unnecessary dilution upon issuance of shares pursuant to terms of our prepetition convertible notes, up to a maximum number shares of Common Stock such that the total number of shares available for issuance under the 2010 Incentive Plan would not exceed ten percent (10%) of the fully diluted shares

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outstanding from time to time calculated by adding the total shares issued and outstanding at any given time plus the number of shares issued upon conversion of any of the convertible notes at the time of such conversion. During 2010, we effectively converted all outstanding convertible notes to equity, and we subsequently amended the 2010 Incentive Plan to reserve 3,500,000 shares of Common Stock for issuance under the 2010 Incentive Plan.

On April 28, 2011 the Board of Directors of the Company approved restricted stock unit grants to management which will vest annually over a four year period, with 20 percent vesting on each of May 18, 2012, May 18, 2013, and May 18, 2014, and the final 40 percent vesting on May 18, 2015. The RSUs will fully vest upon a change in control of the Company, as defined in the Restricted Stock Unit Agreement.

On February 28, 2012 the Compensation Committee of the Board of Directors approved restricted stock unit and non-qualified stock option grants to certain employees of the Company that were effective as of March 5, 2012. The restricted stock unit awards will vest annually over a four year period, with 20 percent vesting on each of March 5, 2013, March 5, 2014, and March 5, 2015, and the final 40 percent vesting on March 5, 2016. The stock option awards will vest ratably over three years. Both the restricted stock unit and option awards include double trigger change in control vesting provisions, as described in the award agreements.

On March 21, 2013 the Compensation Committee of the Board of Directors approved restricted stock unit grants to certain employees of the Company that were effective as of March 21, 2013. The grant was split evenly into service-based and performance based-awards.  The service-based restricted stock unit awards will vest annually over a four year period, with 20 percent vesting on each of March 5, 2014, March 5, 2015, and March 5, 2016, and the final 40 percent vesting on March 5, 2017. The performance-based awards will vest upon meeting the threshold criteria for the performance period, which is January 1, 2013 through December 31, 2015.  The restricted stock unit awards include double trigger change in control vesting provisions, as described in the award agreements.

The following table gives information about equity awards as of December 31, 2013:

Plan category	Number of securities to be issued upon exercise of outstanding options, warrants and rights	Weighted-average exercise price of outstanding options, warrants, and rights		Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
	(a)	(b)		(c)
Equity compensation plans approved by security holders	1,448,515	$	6.87	1,836,247
Equity compensation plans not approved by security holders	7,246	$	13.00	—

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Table of Contents

PERFORMANCE GRAPH

The following graph shows the total stockholder return of an investment of $100 in cash on March 3, 2010, the date public trading commenced in our postpetition Common Stock, to December 31, 2013 for (i) our postpetition Common Stock, (ii) the S&P 500 Index, and (iii) a peer group of companies we refer to as “Commercial Vehicle Suppliers.” Five year historical data is not presented as a result of the bankruptcy and since the financial results of the Successor Company are not comparable with the results of the Predecessor Company. We believe that a peer group of representative independent commercial vehicle suppliers of approximately comparable size and products to Accuride is appropriate for comparing shareowner return. The Commercial Vehicle Suppliers group consists of Meritor, Inc., Commercial Vehicle Group, Inc., Cummins, Inc., Eaton Corporation, and Stoneridge, Inc. All values assume reinvestment of the full amount of all dividends and are calculated through December 31, 2013.

	March 3, 2010	December 31, 2010	December 31, 2011	December 31, 2012	December 31, 2013
Accuride Corporation	$100.0	$117.6	$52.7	$23.8	$27.6
S&P 500 Index	$100.0	$112.4	$112.4	$127.5	$165.2
Commercial Vehicle Suppliers	$100.0	$173.8	$136.3	$169.9	$224.4

RECENT SALES OF UNREGISTERED SECURITIES

None.

ISSUER PURCHASES OF EQUITY SECURITIES

None.

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Table of Contents 

Item 6. Selected Consolidated Financial Data

The following financial data is an integral part of, and should be read in conjunction with the “Consolidated Financial Statements” and notes thereto. Information concerning significant trends in the financial condition and results of operations is contained in “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations.”   Certain operating results from prior periods, including the predecessor periods, have been reclassified to discontinued operations to reflect the sale of certain businesses.

Selected Historical Operations Data (In thousands, except per share data)

	Successor Year Ended December 31,
(In thousands except per share data)	2013			2012			2011			Successor Period from February 26 through December 31, 2010			Predecessor Period from January 1 through February 26, 2010			Predecessor Year Ended December 31, 2009(1)
Operating Data:
Net sales	$	642,883		$	794,634		$	804,537		$	513,581		$	79,633		$	442,390
Gross profit (loss) (a)		43,956			51,001			77,610			40,957			3,048			(266	)
Operating expenses(b)		45,188			56,499			56,883			54,135			6,278			51,214
Goodwill and other intangible asset impairment expenses(c)		—			99,606			—			—			—			2,830
Property, Plant and Equipment Impairment Expense		—			34,126			—			—			—			—
Income (loss) from continuing operations		(1,232	)		(139,230	)		20,727			(13,178	)		(3,230	)		(54,310	)
Operating income (loss) margin(d)		0.2	%		(17.5	)%		2.6	%		(2.6	)%		(4.1	)%		(12.3	)%
Interest expense, net		(35,027	)		(34,938	)		(34,097	)		(33,450	)		(7,496	)		(59,753	)
Loss on extinguishment of debt		—			—			—			—			—			(5,389	)
Other income (expense), net(e)		(320	)		(864	)		3,627			2,575			566			6,888
Inducement expense		—			—			—			(166,691	)		—			—
Non-cash gains on mark-to-market valuation of convertible debt		—			—			—			75,574			—			—
Reorganization items (f)		—			—			—			—			59,311			(14,379	)
Income tax (expense) benefit		10,244			1,657			(7,761	)		2,207			1,931			(2,376	)
Discontinued operations, net of tax		(11,978	)		(4,632	)		473			6,431			(280	)		(10,793	)
Net income (loss)		(38,313	)		(178,007	)		(17,031	)		(126,532	)		50,802			(140,112	)
Other Data (2):
Net cash provided by (used in):
Operating activities	$	(5,081	)	$	28,030		$	(1,537	)	$	10,410		$	(20,773	)	$	(39,312	)
Investing activities		8,089			(58,194	)		(40,014	)		6,085			(2,012	)		(34,873	)
Financing activities		3,667			—			20,000			(18,376	)		46,611			7,030
Adjusted EBITDA(g)		46,037			62,788			86,085			61,555			4,683			23,671
Depreciation, amortization, and impairment(h)		44,329			192,847			51,278			43,759			7,532			55,665
Capital expenditures		38,855			59,194			58,371			16,328			1,457			20,364
Ratio: Earnings to Fixed Charges(i)		(0.4	)		(4.01	)		0.71			(3.04	)		7.56			(1.12	)
Deficiency(i)		36,579			175,032			9,743			135,170			—			126,943
Balance Sheet Data (end of period):
Cash and cash equivalents	$	33,426		$	26,751			56,915		$	78,466		$	80,347		$	56,521
Working capital(j)		25,843			29,202			54,745			37,518			40,245			65,803
Total assets		611,777			677,816			868,862			874,050			905,246			671,670
Total debt		330,183			324,133			323,082			302,031			604,113			397,472
Liabilities subject to compromise (k)		—			—			—			—			—			302,114
Stockholders’ equity (deficiency)		61,884			64,873			257,383			298,099			39,034			(228,266	)
Earnings (Loss) Per Share Data:(l)
Basic/Diluted – Continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)	$	(8.48	)	$	1.06		$	(3.31	)
Basic/Diluted – Discontinued operations		(0.25	)		(0.10	)		0.01			0.41			0.01			(0.28	)
Basic/Diluted – Total	$	(0.81	)	$	(3.76	)	$	(0.36	)	$	(8.07	)	$	1.07		$	(3.59	)
Weighted average common shares outstanding:
Basic		47,548			47,378			47,277			15,670			47,572			39,028
Diluted		47,548			47,378			47,277			15,670			47,572			39,028

[Missing Graphic Reference]

(1) Debtors-in-possession as of October 8, 2009

(2) Other data includes balances from discontinued operations

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(a) Gross profit for 2009 was impacted by non-cash pension curtailment charges of $2.9 million in our London, Ontario facility, operational restructuring related charges of $5.2 million primarily due to warehouse abandonment charges and employee severance related items, and $5.6 million in other severance charges unrelated to our restructuring activities. Gross profit for 2010 for the Successor Company was impacted by $3.0 million for fresh-start inventory valuation adjustments. Gross profit for 2011 was impacted by $2.0 million of costs related to the consolidation of our Imperial Portland, TN location. Gross profit in 2012 was impacted by $3.0 million of costs related to the facilities consolidation of our Gunite operations, $4.7 million accelerated depreciation for idle equipment at our Wheels reporting segment, and $3.2 million of accelerated depreciation for obsolete equipment at our Brillion reporting segment. Gross profit in 2013 was impacted by $0.9 million in loss on the Camden sale/leaseback transaction.

(b) Includes $2.4 million, $3.1 million, $2.4 million, $1.1 million, and $0.3 million of stock-based compensation expense during the years ended December 31, 2013, 2012, 2011, 2010, and 2009, respectively. The stock-based compensation expense in 2010 was fully recognized by the Successor Company. Operating expenses for 2009 reflects $25.9 million of charges related to our credit agreement and Chapter 11 filing. Operating expenses for the Successor Company during 2010 reflect $14.9 million of charges and fees related to bankruptcy, relisting and our senior secured notes offering.

(c) In 2009, an intangible asset impairment of $2.8 million was recorded related to our Brillion and Imperial trade names.  In 2012, an impairment of goodwill and other intangible assets and property plant and equipment of $99.7 million and $34.1 million, respectively, was related to our Gunite business unit.

(d) Represents operating income as a percentage of sales.

(e) Consists primarily of realized and unrealized gains and losses related to the changes in foreign currency exchange rates. During 2010, the Successor Company recognized a gain of $2.6 million related to the valuation of then outstanding Common Stock warrants. In 2011, a gain of $4.0 million was recognized related to the valuation of then outstanding Common Stock warrants. The Common Stock warrants expired on February 26, 2012 unexercised.

(f) Applicable standards require the recognition of certain transactions directly related to the reorganization as reorganization expense in the statements of operations and comprehensive income (loss). In 2010 and 2009, the Predecessor Company recognized the following reorganization income (expense) in our financial statements:

	Predecessor
	Period from January 1 to February 26,			Year Ended December 31,
(In thousands)	2010			2009
Debt discharge – Senior subordinate notes and interest	$	252,798		$	—
Market valuation of $140 million convertible notes		(155,094	)		—
Professional fees		(25,030	)		(10,829	)
Market valuation of warrants issued		(6,618	)		—
Deferred financing fees		(3,847	)		(3,550	)
Term loan facility discount		(2,974	)		—
Other		76			—
Total	$	59,311		$	(14,379	)

(g) We define Adjusted EBITDA as our net income or loss before income tax expense or benefit, interest expense, net, depreciation and amortization, restructuring, severance, and other charges, impairment, and currency losses, net. Adjusted EBITDA has been included because we believe that it is useful for us and our investors as a measure of our performance and our ability to provide cash flows to meet debt service. Adjusted EBITDA should not be considered an alternative to net income (loss) or other traditional indicators of operating performance and cash flows determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”). We present the table of Adjusted EBITDA because covenants in certain of the agreements governing our material indebtedness contain ratios based on this measure that require evaluation on a quarterly basis. Due to the amount of our excess availability (as calculated under the ABL facility), the Company is not currently in a compliance period. Adjusted EBITDA is not necessarily comparable to other similarly titled captions of other companies due to differences in methods of calculations. Our reconciliation of net income (loss) to Adjusted EBITDA is as follows:

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Table of Contents 

	Successor Year Ended December 31,
(In thousands)	2013			2012			2011			Successor Period from February 26 through December 31, 2010			Predecessor Period from January 1 through February 26, 2010			Predecessor Year Ended December 31, 2009
Net income (loss)	$	(38,313	)	$	(178,007	)	$	(17,031	)	$	(126,532	)	$	50,802		$	(140,112	)
Income tax expense (benefit)		(10,244	)		(1,657	)		7,408			1,591			(1,534	)		2,384
Interest expense, net		35,027			34,938			34,097			33,450			7,496			65,142
Depreciation and amortization		44,329			59,115			51,278			43,759			7,532			52,335
Goodwill & other intangible asset impairment		—			99,606			—			—			—			3,330
Property, plant, and equipment impairment		—			34,126			—			—			—			—
Restructuring, severance and other charges1		11,550			10,113			4,806			19,091			(59,092	)		46,867
Other items related to our credit agreement2		3,688			4,554			5,527			90,196			(521	)		(6,275	)
Adjusted EBITDA	$	46,037		$	62,788		$	86,085		$	61,555		$	4,683		$	23,671

1. Restructuring, severance and other charges are as follows:

	Successor Year Ended December 31,
(In thousands)	2013		2012		2011		Successor Period from February 26 through December 31, 2010		Predecessor Period from January 1 through February 26, 2010			Predecessor Year Ended December 31, 2009
Restructuring, severance, and curtailment charges	$	1,235	$	5,071	$	2,216	$	338	$	219		$	11,573
(Gain) Loss on sale of assets (i)		9,985		—		—		—		—			256
Other items (ii)		330		5,042		2,590		18,753		(59,311	)		35,038
Total	$	11,550	$	10,113	$	4,806	$	19,091	$	(59,092	)	$	46,867

i. In 2008, we recognized a loss on the sale of assets at our Anniston, Alabama, facility of $3.1 million and charges of $0.2 million were recognized in 2009 as part of the 2008 sale of assets. In 2013, we recognized a loss on the sale of assets at our Imperial segment of $11.8 million and a gain of $2.0 million from the receipt of earn-out in connection with the sale of our Fabco subsidiary.

ii. Other items in 2013 included $0.3 million of fees related to divestiture and acquisition.  Other items in 2012 included $4.5 million of fees related to divestiture and acquisition and $0.3 million of fees related to the Company’s anti-dumping petition before the U.S. International Trade Commission. Other items in 2011 included $1.3 million of fees related to divestitures and acquisitions. Other items in 2010 for the Successor Company included $15.7 million of fees related to bankruptcy, relisting, activities related to divestitures and our senior secured notes offering and $3.0 million for fresh-start inventory valuation adjustments. Other items in 2009 included $31.6 million of reorganization and prepetition professional fees and $3.4 million for warehouse abandonment costs associated with the consolidation of our Taylor and Bristol warehouses. Other items in 2008 included $3.3 million for product development costs in our seating business.

2. Items related to our credit agreement refer to other amounts utilized in the calculation of financial covenants in Accuride’s senior debt facility. Items related to our credit agreement that are included in this summary are primarily currency gains or losses and non-cash related charges for share-based compensation.

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Table of Contents 

	Successor Year Ended December 31,
(In thousands)	2013		2012		2011		Successor Period from February 26 through December 31, 2010			Predecessor Period from January 1 through February 26, 2010			Predecessor Year Ended December 31, 2009
Currency gains and losses	$	418	$	1,435	$	3,130	$	(2,022	)	$	(521	)	$	(6,608	)
Non-cash mark-to-market valuation (gains) and losses on convertible debt		—		—		—		(75,574	)		—			—
Loss on operating lease		859		—		—		—			—			—
Inducement expense		—		—		—		166,691			—			—
Non-cash share-based compensation		2,411		3,119		2,397		1,101			—			333
Total	$	3,688	$	4,554	$	5,527	$	90,196		$	(521	)	$	(6,275	)

(h) During 2012 we recognized impairment losses of $133.7 million.

(i) The ratio of earnings to fixed charges and deficiency, as defined by SEC rules, is calculated as follows:

	Successor Year Ended December 31,
(In thousands except ratio data)	2013			2012			2011			Successor Period from February 26 through December 31, 2010			Predecessor Period from January 1 through February 26, 2010			Predecessor Year Ended December 31, 2009
Net income (loss)	$	(38,313	)	$	(178,007	)	$	(17,031	)	$	(126,532	)	$	50,802		$	(140,112	)
Less:
Discontinued operations, net of tax		(11,978	)		(4,632	)		473			6,431			(280	)		(10,793	)
Income tax (expense) benefit		10,244			1,657			(7,761	)		2,207			1,931			(2,376	)
Income (loss) before income taxes from continuing operations		(36,579	)		(175,032	)		(9,743	)		(135,170	)		49,151			(126,943	)
“Fixed Charges” (interest expense, net)		35,027			34,938			34,097			33,450			7,496			59,753
“Earnings”	$	(1,552	)	$	(140,094	)	$	24,354		$	(101,720	)	$	56,647		$	(67,190	)
Ratio: Earnings to Fixed Charges		(0.04	)		(4.01	)		0.71			(3.04	)		7.56			(1.12	)
Deficiency	$	36,579		$	175,032		$	9,743		$	135,170		$	—		$	126,943

(j) Working capital represents current assets less cash and current liabilities, excluding debt.

(k) As a result of the Chapter 11 filings in 2009, the payment of prepetition indebtedness was subject to compromise or other treatment under a plan of reorganization. In accordance with applicable accounting standards, we are required to segregate and disclose all prepetition liabilities that were subject to compromise. Refer to Note 7.

Liabilities subject to compromise consisted of the following:

(In thousands)	December 31, 2009
Debt	$	275,000
Accrued interest		15,976
Accounts payable		7,978
Executory contracts and leases		3,160
Liabilities subject to compromise	$	302,114

(l) Basic and diluted earnings per share data are calculated by dividing net income (loss) by the weighted average basic and diluted shares outstanding.

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Table of Contents 

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

This Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) describes matters we consider important to understanding the results of our operations for each of the three years in the period ended December 31, 2013, and our capital resources and liquidity as of December 31, 2013 and 2012.

The following discussion should be read in conjunction with “Selected Consolidated Financial Data” and our Consolidated Financial Statements and the notes thereto, all included elsewhere in this report. The information set forth in this MD&A includes forward-looking statements that involve risks and uncertainties. Many factors could cause actual results to differ from those contained in the forward-looking statements including, but not limited to, those discussed in Item 7A. “Quantitative and Qualitative Disclosure about Market Risk,” Item 1A. “Risk Factors” and elsewhere in this report.

General Overview

We are one of the largest and most diversified manufacturers and suppliers of commercial vehicle components in North America. Our products include commercial vehicle wheels, wheel-end components and assemblies, and ductile and gray iron castings. We market our products under some of the most recognized brand names in the industry, including Accuride, Gunite, and Brillion. We serve the leading OEMs and their related aftermarket channels in most major segments of the commercial vehicle market, including heavy- and medium-duty trucks, commercial trailers, light trucks, buses, as well as specialty and military vehicles.

Our primary product lines are standard equipment used by many North American heavy- and medium-duty truck OEMs. We believe that substantially all heavy-duty truck models manufactured in North America contain one or more Accuride or Gunite components.

Our diversified customer base includes substantially all of the leading commercial vehicle OEMs, such as Daimler Truck North America, LLC, with its Freightliner and Western Star brand trucks, PACCAR, with its Peterbilt and Kenworth brand trucks, Navistar, with its International brand trucks, and Volvo/Mack, with its Volvo and Mack brand trucks. Our primary commercial trailer customers include leading commercial trailer OEMs, such as Great Dane Limited Partnership, Wabash National, Inc. Utility Trailer Manufacturing Company, and Wabash National, Inc. Our major light truck customer is General Motors Corporation. Our product portfolio is supported by strong sales, marketing and design engineering capabilities and is manufactured in eight strategically located, technologically-advanced facilities across the United States, Mexico and Canada.

Key economic factors on our cost structure are raw material costs and production levels. Higher production levels enable us to spread costs that are more fixed in nature over a greater number of commercial vehicle products. We use the commercial vehicle production levels forecasted by industry experts to help us predict our production levels in our wheel and wheel-end businesses along with other assumptions for aftermarket demand. Raw material costs represent the most significant component of our product cost and are driven by a combination of purchase contracts and spot market purchases as discussed in Item 1. “Raw Materials and Suppliers” and elsewhere in this report.

Business Outlook

Recent global market and economic conditions have been challenging with slow economic growth in most major economies expected to continue into 2014. These factors have led to continued softness in spending by businesses and consumers alike. Continued slow economic growth in the U.S. and international markets and economies coupled with relative flatness in business and consumer spending may adversely affect our liquidity and financial condition, and the liquidity and financial condition of our customers.

The heavy- and medium-duty truck and commercial trailer markets, the related aftermarket, and the global industrial, construction, and mining, markets are the primary drivers of our sales. The commercial vehicle manufacturing and replacement part markets are, in turn, directly influenced by conditions in the North American truck industry and generally by conditions in other industries which indirectly impact the truck industry, such as the home-building industry, and by overall economic growth and consumer spending.  The global industrial, construction, and mining markets are driven by more macro- and global economic conditions, such as coal, oil and gas exploration, demand for mined products that are converted into industrial raw materials such as steel, iron and copper, and global construction trends.  Industry forecasts predict marginal growth in class 5-8 commercial vehicle builds in 2014 compared to 2013 as the industry starts to show signs of improving with customers focused on replacement of older active commercial vehicles on the road.  With regards to trailer production, industry experts expect year over year sales in 2014 to be flat versus 2013.  With our core aftermarket business, industry experts predict year over year sales that show flat to marginal growth.  Our Gunite business experienced a loss of

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OEM market share during 2012, which continued to impact our operating results in 2013.  Our Brillion castings business, driven more by global industrial, construction, and mining markets expects flat to slightly marginal year over year growth, as customers continue to manage their inventory levels in the down market.

Our markets and those of our customers are becoming increasingly competitive as the global and North American economic recoveries remain sluggish.  In the North American commercial vehicle market, OEMs are competing to maintain or increase market share in the face of evolving emissions regulations, increasing customer emphasis on light weight and fuel efficient platforms and a tepid economic recovery that is holding new equipment purchases at replacement (rather than expansionary) levels.  Shifts in the market share held by each of our OEM customers impact our business to varying degrees depending on whether our products are designated as standard or optional equipment on the various platforms at each OEM.  Recently, a number of platforms on which our products are standard equipment have lost market share, which has impacted our business.  We are also continuing to see the impacts of low cost country sourced products in our markets, which has particularly impacted the aftermarket for steel wheels and brake drums and has further impacted our Gunite business through the loss of primary position with two of our OEM customers in 2012.  Further, broader economic weaknesses in industrial manufacturing impacted our Brillion business through reduced customer orders during 2013.  We expect this weakness and lower demand in Brillion’s markets to continue into 2014.  Approximately 75 percent of our Gunite business is tied to the North American Aftermarket, with the remaining 25 percent tied to the North American Class 8 segment.

In response to these conditions, we are working to increase our market share and to control costs while positioning our businesses to compete at current demand levels and still maintain capacity to meet the recoveries in our markets as they occur, which history has shown can be swift and steep.  For example, we have implemented lean manufacturing practices across our facilities, which have resulted in reduced working capital levels that free up cash for other priorities.  We have also completed most of our previously disclosed capital investment projects that have selectively increased our manufacturing capacity on core products, reduced labor and manufacturing costs and improved product quality.  Additionally, we have introduced and will continue to develop and roll-out new products and technologies that we believe offer better value to customers.  Further, we have been pursuing new business opportunities at OEM customers and working to increase our market share at OEMs by developing our relationships with large fleets in order to “pull through” our products when they order new equipment.  We continue to monitor competition from products manufactured in low cost countries and will take steps to combat unfair trade practices, such as filing anti-dumping petitions with the United States government, as warranted.

The “fix” portion of the Accuride “fix and grow” strategy is substantially complete, and we stand ready to service the industry as it recovers.  The consolidation of machining assets from our Elkhart, Indiana and Brillion, Wisconsin facilities to our Gunite Rockford, Illinois facility has been completed.  Installation of new machining assets has also been completed at our Gunite Rockford, Illinois facility.  The relative weakness in the markets in 2013 allowed Accuride to focus its efforts on finalizing the “fix” portion of our strategy while also allowing us to revisit our cost structure more closely.  In combination with our lean manufacturing efforts, overall operational costs have been reduced so that Accuride has greater flexibility to adjust with fluctuations in customer volume in the future.  With the sale of our Imperial business in 2013, we have and continue to look at further fixed cost administration actions that will help equate spending relative to the change in our base sales of continuing operation.  Note that we cannot accurately predict the commercial vehicle or broader economic cycle, and any deterioration of the current economic recovery may lead to further reduced spending and deterioration in the markets we serve.

On March 30, 2011, we, along with one other United States domestic commercial vehicle steel wheel supplier, filed antidumping and countervailing duty petitions with the United States International Trade Commission and the United States Department of Commerce alleging that manufacturers of certain steel wheels in China are dumping their products in the United States and that these manufacturers have been subsidized by their government in violation of United States trade laws.  In May 2011, the International Trade Commission issued a preliminary determination that there was a reasonable indication that the U.S. steel wheel industry is materially injured or threatened with material injury by reason of imports from China of certain steel wheels, and began the final phase of its investigation.  In August 2011, the U.S. Department of Commerce issued a preliminary determination of countervailing duties on steel wheels imported from China ranging from 26.2 percent to 46.6 percent ad valorem, and in October 2011, the U.S. Department of Commerce issued a preliminary determination of antidumping duty margins ranging from 110.6 percent to 243.9 percent ad valorem.  On March 19, 2012, the Department of Commerce made final determinations of dumping and subsidy margins which cumulatively were approximately 70 percent to 228 percent ad valorem.  However, on April 17, 2012, the International Trade Commission determined that the domestic industry has not been injured and was not presently threatened with injury from subject imports, and consequently withdrew all import duties on the subject imports.  Subsequent to the International Trade Commission’s decision, we have seen a resurgence of steel wheel imports from China in the aftermarkets we serve, creating a challenging competitive environment for the foreseeable future.  We will continue to evaluate the trade practice related to these and other imports impacting our markets as well as the merits of filing a new petition with the International Trade Commission.

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In addition to improving our operations, we have taken steps to improve our liquidity to ensure access to the funds required to finance our business throughout the cycle and to focus our efforts on our core markets.  On July 11, 2013, we entered into a new senior secured asset-based lending facility (the “New ABL Facility”) and used borrowing under that facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility, and to pay related fees and expenses.  For additional information on our New ABL Facility, see “Capital Resources and Liquidity-Bank Borrowing.  Further, on August 1, 2013, the Company announced that it completed the sale of substantially all of the assets of its non-core Imperial Group business to Imperial Group Manufacturing, Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30.0 million at closing, plus a contingent earn-out totaling up to $2.25 million.  Pursuant to the provisions of the purchase agreement, subject to certain limited exceptions, the purchaser purchased from Imperial all equipment, inventories, accounts receivable, deposits, prepaid expenses, intellectual property, contracts, real property interests, transferable permits and other intangibles related to the business and assumed Imperial’s trade and vendor accounts payable and performance obligations under those contracts included in the purchased assets. The real property interests acquired by the purchaser include ownership of three plants located in Decatur, Texas, Dublin, Virginia and Chehalis, Washington and a leasehold interest in a plant located in Denton, Texas. Imperial retained ownership of a plant property located in Portland, Tennessee and recorded a $2.5 million impairment charge related to that facility. The Company leased the Portland, Tennessee facility to the purchaser under a two-year lease with the option of the Purchaser to renew the lease for one additional year.  A portion of the proceeds from the sale were used to repay outstanding indebtedness under our New ABL Facility.

As of November 30, 2012, the Company considered the impact of business developments in its Gunite reporting unit including a loss of customer market share and evidence of declining aftermarket sales due to increased competition in the marketplace.  The Gunite reporting unit had goodwill of $62.8 million and other intangible assets of $36.8 million at November 30, 2012. In addition, the Company had also experienced a recent decline in its stock price to an amount below the existing book value as of November 30, 2012.  As part of the Company’s annual impairment review, the Gunite reporting segment failed the step one goodwill impairment test, meaning that the estimate of fair value of the segment was below book value.  The Company estimated the fair value utilizing a discounted cash flow model, as the Company believed it was the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed and resulted in recognizing goodwill and other intangible asset impairment charges of $62.8 million and $36.8 million, respectively.  The impairment charges were the result of lower volume demands due to lost market share at Gunite, overall reduced production levels of the commercial vehicle market and its aftermarket segments in North America, operating losses for the past 3 years, and other factors.

In addition to improving our operations, we have taken steps to improve our liquidity to ensure access to the funds required to finance our business throughout the cycle and to focus our efforts on our core markets.  On July 11, 2013, we entered into a new senior secured asset-based lending facility (the “New ABL Facility”) and used borrowing under that facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility, and to pay related fees and expenses.  For additional information on our New ABL Facility, see “Capital Resources and Liquidity-Bank Borrowing.  Further, on August 1, 2013, the Company announced that it completed the sale of substantially all of the assets of its non-core Imperial Group business to Imperial Group Manufacturing, Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30.0 million at closing, plus a contingent earn-out totaling up to $2.25 million.  Pursuant to the provisions of the purchase agreement, subject to certain limited exceptions, the purchaser purchased from Imperial all equipment, inventories, accounts receivable, deposits, prepaid expenses, intellectual property, contracts, real property interests, transferable permits and other intangibles related to the business and assumed Imperial’s trade and vendor accounts payable and performance obligations under those contracts included in the purchased assets. The real property interests acquired by the purchaser include ownership of three plants located in Decatur, Texas, Dublin, Virginia and Chehalis, Washington and a leasehold interest in a plant located in Denton, Texas. Imperial retained ownership of a plant property located in Portland, Tennessee and included a $2.5 million impairment charge in the loss. The Company leased such property to the purchaser under a two-year lease with the option of the Purchaser to renew the lease for one additional year.  A portion of the proceeds from the sale were used to repay outstanding indebtedness under our New ABL Facility.

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Table of Contents 

Results of Operations

Certain operating results from prior periods, including the predecessor periods, have been reclassified to discontinued operations to conform to the current year presentation.

Comparison of Fiscal Years 2013 and 2012

	Year Ended December 31,
(In thousands)	2013			2012
Net sales	$	642,883		$	794,634
Cost of goods sold		598,927			743,633
Gross profit		43,956			51,001
Operating expenses		45,188			56,499
Goodwill and other intangible asset impairment expenses		—			99,606
Property, plant, and equipment impairment expense		—			34,126
Income (loss) from operations		(1,232	)		(139,230	)
Interest (expense), net		(35,027	)		(34,938	)
Other income, net		(320	)		(864	)
Income tax provision (benefit)		(10,244	)		(1,657	)
Loss from continuing operations		(26,335	)		(173,375	)
Discontinued operations, net of tax		(11,978	)		(4,632	)
Net loss	$	(38,313	)	$	(178,007	)

Net Sales

	Year Ended December 31,
(In thousands)	2013		2012
Wheels	$	364,614	$	414,340
Gunite		168,988		221,974
Brillion		109,281		158,320
Total	$	642,883	$	794,634

Our net sales for 2013 of $642.9 million were $151.7 million, or 19.1 percent, below our net sales for 2012 of $794.6 million. Net sales declined by approximately $144.2 million primarily due to lower volume demand resulting from decreased production levels of the commercial vehicle OEM market, loss of OEM and aftermarket business, reduced sales by our Gunite business unit due to the loss of OEM business in the second half of 2012 and a continued downturn in the global industrial, construction, and mining markets that Brillion serves. Also, adding to the reduced sales was $7.5 million in decreased pricing, which primarily represented a pass-through of decreased raw material and commodity costs.

Net sales for our Wheels segment decreased by $49.7 million, or 12.0 percent, during 2013 primarily due to decreased combined volume for the three major OEM segments (see OEM production builds in the table below) and loss of aftermarket business due to an unfavorable antidumping ruling in the first half of 2012. Net sales for our Gunite segment declined by $53.0 million, or 23.9 percent, due to a reduction of $55.0 million due to the previously disclosed loss of standard position at two of its major OEM customers, partially offset by $2.0 million in increased pricing related to a pass-through of raw material costs. Our Gunite products have a higher concentration of aftermarket demand due to its brake drum products, which are replaced more frequently than our other products. Our Brillion segment’s net sales decreased by $49.0 million, or 31.0 percent during 2013 due to a continued downturn in the global industrial, construction, and mining markets that Brillion serves.

North American commercial vehicle industry production builds per ACT (see Item 1) were, as follows:

	For the year ended December 31,
	2013		2012
Class 8		245,496		277,490
Classes 5-7		201,311		188,165
Trailer		238,527		236,841

While we serve the commercial vehicle aftermarket segment, there is no industry data to compare our aftermarket sales to industry demand from period to period.  However, we do expect to experience increased competition from low-cost country

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sourced products that compete with our Wheels and Gunite operating segments.   Approximately 70 percent of our Wheels business is tied to the OEM markets noted in the table above, with the remaining 30 percent tied to the aftermarket.

Cost of Goods Sold

The table below represents the significant components of our cost of goods sold.

	Year Ended December 31,
(In thousands)	2013		2012
Raw materials	$	288,866	$	369,563
Depreciation		34,682		47,103
Labor and other overhead		275,379		326,967
Total	$	598,927	$	743,633

Raw materials costs decreased by $80.7 million, or 21.8 percent, during the year ended December 31, 2013 due to decreased pricing of approximately $6.1 million, or 1.7 percent, and reduced sales volume of approximately $74.6 million, or 20.1 percent. The price decreases were primarily related to steel and aluminum material mechanisms with customers, which represent nearly all of our material costs.

Depreciation decreased by $12.4 million, or 26.5 percent during the year ended December 31, 2013 due to the reduction in the capital basis of the three business units’ fixed assets as of December 31, 2012, offset partially by capital investments across those same business units during 2013.

Operating Expenses

	Year Ended December 31,
(In thousands)	2013		2012
Selling, general, and administration	$	30,735	$	38,851
Research and development		5,695		6,623
Depreciation and amortization		8,758		11,025
Total	$	45,188	$	56,499

Selling, general, and administrative costs decreased by $9.0 million in 2013 compared to 2012 due to costs reductions in spending and staffing. Not included in the table above were impairment charges for the Gunite reporting segment for the year ended December 31, 2012 of $99.6 million related to goodwill and other intangible assets and $34.1 million related to property, plant, and equipment.

Operating Income (Loss)

	Year Ended December 31,
(In thousands)	2013			2012
Wheels	$	30,883		$	44,928
Gunite		2,599			(151,940	)
Brillion		1,027			11,969
Corporate/Other		(35,741	)		(44,187	)
Total	$	(1,232	)	$	(139,230	)

Operating income for the Wheels segment was 8.5 percent of its net sales for the year ended December 31, 2013 compared to 10.8 percent for the year ended December 31, 2012. The decline in operating income was primarily a result of weak Class 8 commercial vehicle industry conditions in 2013 coupled with reduced commercial vehicle market share held by one of our main OEM customers, which resulted in fewer vehicles sold by that OEM and correspondingly fewer wheels purchased from us.  Accuride’s market share this OEM customer remained steady, however, only that customer’s share within their own industry deteriorated. Operating income for the Gunite segment was 1.5 percent of its net sales for the year ended December 31, 2013 compared to a loss of 68.4 percent of its net sales for the year ended December 31, 2012. The increase in operating income was primarily due to the non-recurrence of $133.7 million in impairment charges (see Footnotes 4 and 6 to the consolidated financial statements in Part IV, Item 15) and  the impact of synergies gained from new equipment installed and the consolidation of Gunite’s Elkhart and Brillion machining assets into its Rockford facility.

Operating income for the Brillion segment was 0.9 percent of its net sales for the year ended December 31, 2013 compared to 7.6 percent of its net sales for the year ended December 31, 2012. Sales volume for our Brillion segment reflected a decrease

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in the global industrial, construction, and mining markets they serve and key customers looked to significantly reduce their “on hand” inventory.   The margins associated with the higher volume sales in 2012 decreased with the decrease in demand in 2013.

The operating loss for the Corporate segment was $35.7 million, or 6.0 percent of sales from continuing operations for the year ended December 31, 2013 compared to $44.2 million, or 5.9 percent of sales from continuing operations, for the year ended December 31, 2012.  The decrease in overall spending was primarily related to cost reduction efforts by management in response to lower sales.

Impairment

As of November 30, 2012, the Company considered the impact of business developments in its Gunite reporting unit including a loss of customer market share and evidence of declining aftermarket sales due to increased competition in the marketplace.  The Gunite reporting unit had goodwill of $62.8 million and other intangible assets of $36.8 million at November 30, 2012. In addition, the Company had also experienced a recent decline in its stock price to an amount below the existing book value as of November 30, 2012.  As part of the Company’s annual impairment review, the Gunite reporting segment failed the step one goodwill impairment test, meaning that the estimate of fair value of the segment was below book value.  The Company estimated the fair value utilizing a discounted cash flow model, as the Company believed it was the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed and resulted in recognizing goodwill and other intangible asset impairment charges of $62.8 million and $36.8 million, respectively.  The impairment charges were the result of lower volume demands due to lost market share at Gunite, overall reduced production levels of the commercial vehicle market and its aftermarket segments in North America, operating losses for the past 3 years, and other factors.

Interest Expense

Net interest expense remained relatively stable, increasing $0.1 million to $35.0 million for the year ended December 31, 2013 from $34.9 million for the year ended December 31, 2012.

Income Tax Provision

Our effective tax rate for 2013 and 2012 was (28.0) percent and (0.9) percent, respectively. Our tax rate is affected by recurring items, such as change in valuation allowance, tax rates in foreign jurisdictions and the relative amount of income we earn in jurisdictions, which we expect to be fairly consistent in the near term. It is also affected by discrete items that may occur in any given year, but are not consistent from year to year. In 2013, we experienced a $3.2 million increase, and a 8.8 percent increase in rates attributable to continuing operations.

Income tax expense or benefit from continuing operations is generally determined without regard to other categories of earnings, such as discontinued operations and Other Comprehensive Income (“OCI”). An exception is provided in ASC 740, Accounting for Income Taxes, when there is aggregate income from categories other than continuing operations and a loss from continuing operations in the current year. In this case, the tax benefit allocated to continuing operations is the amount by which the loss from continuing operations reduces the tax expenses recorded with respect to the other categories of earnings, even when a valuation allowance has been established against the deferred tax assets. In instances where a valuation allowance is established against current year losses, income from other sources, including unrealized gains from pension and post-retirement benefits recorded as a component of OCI, is considered when determining whether sufficient future taxable income exists to realize the deferred tax assets. As a result, for the year ended December 31, 2013, we recognized a tax expense of $12.6 million in OCI related to the unrealized gains on pension and post-retirement benefits, and recognized a corresponding tax benefit of $12.6 million in our results continuing operations.

Discontinued Operations

Discontinued operations represent reclassification of operating results, including gain/loss on sale, for Imperial Group, Fabco Automotive, Bostrom Seating and Brillion Farm, net of tax. The sale of Imperial Group was in 2013, Fabco and Bostrom were in 2011 and the Brillion Farm assets were sold during 2010. We have reclassified current and prior period operating results, including the gain/loss on the sale transactions, to discontinued operations.

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Table of Contents

Comparison of Fiscal Years 2012 and 2011

Certain operating results from prior periods, including the predecessor periods, have been reclassified to discontinued operations to conform to the current year presentation.

	Year Ended December 31,
(In thousands)	2012			2011
Net sales	$	794,634		$	804,537
Cost of goods sold		743,633			726,927
Gross profit		51,001			77,610
Operating expenses		190,231			56,883
Income (loss) from operations		(139,230	)		20,727
Interest (expense), net		(34,938	)		(34,097	)
Other income, net		(864	)		3,627
Income tax provision (benefit)		(1,657	)		7,761
Income (loss) from continuing operations		(173,375	)		(17,504	)
Discontinued operations, net of tax		(4,632	)		473
Net income (loss)	$	(178,007	)	$	(17,031	)

Net Sales

	Year Ended December 31,
(In thousands)	2012		2011
Wheels	$	414,340	$	406,587
Gunite		221,974		251,113
Brillion		158,320		146,837
Total	$	794,634	$	804,537

Our net sales for 2012 of $794.6 million were $9.9 million or 1.2 percent below our net sales for 2011 of $804.5 million. Net sales declined in 2012 due to the impact of offshore competition coupled with the loss of standard position in our Gunite business at certain OEM customers.

Net sales for our Wheels segment increased 1.9 percent during 2012 primarily due to increased volume for all three major OEM segments (see OEM production builds in the table below). Net sales for our Gunite segment declined by 11.6 percent due to a reduction in units sold of $44.8 million, partially offset by $15.7 million in increased pricing related to a pass-through of raw material costs. Our Gunite products have a higher concentration of aftermarket demand due to the brake drum products, which are replaced more frequently than our other products. Our Brillion segment’s net sales increased by 7.8 percent during 2012 due mainly to increased pricing of $11.3 million related to raw material costs.

North American commercial vehicle industry production builds were, as follows:

	For the year ended December 31,
	2012		2011
Class 8		277,490		255,261
Classes 5-7		188,165		166,798
Trailer		236,841		209,005

While we serve the commercial vehicle aftermarket segment, there is no industry data to compare our aftermarket sales to industry demand from period to period.  However, we do expect to experience increased competition from low-cost country sourced products that compete with our Wheels and Gunite operating segments.

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Table of Contents 

Cost of Goods Sold

The table below represents the significant components of our cost of goods sold.

	Year Ended December 31,
(In thousands)	2012		2011
Raw materials	$	369,563	$	354,412
Depreciation		47,103		38,037
Labor and other overhead		326,967		334,478
Total	$	743,633	$	726,927

Raw materials costs increased by $15.2 million, or 4.3 percent, during the year ended December 31, 2012 due to increased pricing of approximately of $15.6 million or 4.4 percent, partially offset by reduced sales volume of approximately $0.4 million, or 0.1 percent. The price increases were primarily related to steel and aluminum, which represent nearly all of our material costs.

Depreciation increased by $9.1 million, or 23.8 percent during the year ended December 31, 2012 due to increased capital investments across our businesses.

Operating Expenses

	Year Ended December 31,
(In thousands)	2012		2011
Selling, general, and administration	$	38,851	$	40,673
Research and development		6,623		4,787
Depreciation and amortization		11,025		11,423
Total	$	56,499	$	56,883

Selling, general, and administrative costs decreased by $1.8 million in 2012 compared to 2011 due to costs incurred during 2011 that were associated with Gunite’s quality management issues. Research and development costs increased by $1.8 million primarily due to increases in staff and travel expenses related to increased project work. Not included in the table above were impairment charges for the Gunite reporting segment for the year ended December 31, 2012 of $99.6 million related to goodwill and other intangible assets and $34.1 million related to property, plant, and equipment.

Operating Income (Loss)

	Year Ended December 31,
(In thousands)	2012			2011
Wheels	$	44,928		$	57,864
Gunite		(151,940	)		(1,785	)
Brillion		11,969			2,301
Corporate/Other		(44,187	)		(37,653	)
Total	$	(139,230	)	$	20,727

Operating income for the Wheels segment was 10.8 percent of its net sales for the year ended December 31, 2012 compared to 14.2 percent for the year ended December 31, 2011. The decline in operating income was primarily a result of weak industry conditions in the second half of 2012 which drove a significant change in our operations, inefficiencies incurred during the installation of new machinery, and accelerated depreciation of property, plant, and equipment of $4.7 million related to idled equipment.

Operating loss for the Gunite segment was 68.4 percent of its net sales for the year ended December 31, 2012 compared to 0.7 percent of its net sales for the year ended December 31, 2011. The increase in operating loss was primarily attributable to the impact of increased competition, primarily from low cost countries and the loss of standard position for certain products at two OEM customers in conjunction with $3.0 million of restructuring charges related to closing Gunite’s Elkhart, Indiana facility and $133.7 million in impairment charges (see footnotes 4 and 6 to consolidated financial statements in Part IV Item 15).

Operating income for the Brillion segment was 7.6 percent of its net sales for the year ended December 31, 2012 compared to 1.6 percent of its net sales for the year ended December 31, 2011. Sales volume for our Brillion segment increased during 2012, particularly during the first half as the industrial and agricultural markets remained strong before reversing course in

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the second half of the year.  The overall increase in sales volume and improved operating productivity were the primary reasons for improved operating income for Brillion.

The operating losses for Corporate were 5.6 percent of sales from continuing operations for the year ended December 31, 2012 and 4.7 percent of sales from continuing operations for the year ended December 31, 2011.  The increase was primarily related to severance and other costs due to management reorganization efforts combined with slightly lower overall sales in 2012 versus 2011.

Impairment

As of November 30, 2012, the Company considered the impact of business developments in its Gunite reporting unit including a loss of customer market share and evidence of declining aftermarket sales due to increased competition in the marketplace.  The Gunite reporting unit had goodwill of $62.8 million and other intangible assets of $36.8 million at November 30, 2012. In addition, the Company had also experienced a recent decline in its stock price to an amount below the existing book value as of November 30, 2012.  As part of the Company’s annual impairment review, the Gunite reporting segment failed the step one goodwill impairment test, meaning that the estimate of fair value of the segment was below book value.  The Company estimated the fair value utilizing a discounted cash flow model, as the Company believed it was the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed and resulted in recognizing goodwill and other intangible asset impairment charges of $62.8 million and $36.8 million, respectively.  The impairment charges were the result of lower volume demands due to lost market share at Gunite, overall reduced production levels of the commercial vehicle market and its aftermarket segments in North America, operating losses for the past 3 years, and other factors.

Interest Expense

Net interest expense increased $0.8 million to $34.9 million for the year ended December 31, 2012 from $34.1 million for the year ended December 31, 2011 due to the draw down on revolving credit facility for part of 2011 compared to the full year ended December 31, 2012.

Income Tax Provision

Our effective tax rate for 2012 and 2011 was (0.9) percent and 79.7 percent, respectively. Our tax rate is affected by recurring items, such as change in valuation allowance, tax rates in foreign jurisdictions and the relative amount of income we earn in jurisdictions, which we expect to be fairly consistent in the near term. It is also affected by discrete items that may occur in any given year, but are not consistent from year to year. In 2012, we experienced a $45.9 million increase, and a 24.1 percent decrease in rates resulting from a change in our valuation allowance against deferred tax assets in excess of deferred tax liabilities.

Discontinued Operations

Discontinued operations represent reclassification of operating results, including gain/loss on sale, for Imperial Group, Fabco Automotive, Bostrom Seating and Brillion Farm, net of tax. The sale of the Imperial Group was in 2013. The sales of Fabco and Bostrom were in sold 2011 and the Brillion Farm assets were sold during 2010. We have reclassified current and prior period operating results, including the gain/loss on the sale transactions, to discontinued operations.

Changes in Financial Condition

At December 31, 2013, we had total assets of $611.2 million, as compared to $677.8 million at December 31, 2012. The $66.6 million, or 9.8 percent, decrease in total assets primarily resulted from a reduction of our inventory in accordance with our lean manufacturing initiatives, the sale of our Imperial assets, normal depreciation expense outpacing capital spending and the net impact of lower intangible assets and lower deferred tax assets partially offset by increase in pension assets.

We define working capital as current assets (excluding cash) less current liabilities. We use working capital and cash flow measures to evaluate the performance of our operations and our ability to meet our financial obligations. We require working capital investment to maintain our position as a leading manufacturer and supplier of commercial vehicle components. We continue to strive to align our working capital investment with our customers’ purchase requirements and our production schedules.

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Table of Contents

The following table summarizes the major components of our working capital as of the periods listed below:

	December 31,			December 31,
(In thousands)	2013			2012
Accounts receivable	$	59,520		$	64,596
Inventories		39,329			61,192
Deferred income taxes (current)		3,806			4,591
Other current assets		13,187			5,584
Accounts payable		(47,527	)		(59,181	)
Accrued payroll and compensation		(8,763	)		(10,726	)
Accrued interest payable		(12,535	)		(12,543	)
Accrued workers compensation		(4,373	)		(5,868	)
Other current liabilities		(16,801	)		(18,443	)
Working Capital	$	25,843		$	29,202

Significant changes in working capital included:

·   a decrease in accounts receivable of $5.1 million due to  the sale of our Imperial segment and the related receivables of $12.5 million offset by an increase of approximately $7.4 million related to increased sales from continuing operations in the months leading up to the respective period ends;

·   a decrease in inventory of $21.9 million of which an $11.2 million resulted from the execution of lean manufacturing initiatives, and $10.7 million resulted from the sale of our Imperial business;

·   an increase in other current assets due to deposits and repaid rents related to our leaseback activities

·   a decrease in accounts payable of $11.7 million primarily due to an $8.7 million decrease from the sale of our Imperial business and  a $3.0 million decrease in inventory-related purchases during the fourth quarter of 2013.

Capital Resources and Liquidity

Our primary sources of liquidity during the year ended December 31, 2013 were cash reserves and our ABL facility. We believe that cash from operations, existing cash reserves, and our ABL facility will provide adequate funds for our working capital needs, planned capital expenditures and cash interest payments through 2014 and the foreseeable future.

As of December 31, 2013, we had $33.4 million of cash plus $30.2 million in availability under our ABL credit facility for total liquidity of $63.6 million.

No provision has been made for U.S. income taxes related to undistributed earnings of our Canadian foreign subsidiary that we intend to permanently reinvest in order to finance capital improvements and/or expand operations either through the expansion of the current operations or the purchase of new operations. At December 31, 2013, Accuride Canada had $15.6 million of cumulative retained earnings. We distribute earnings for the Mexican foreign subsidiary and expect to distribute earnings annually. Therefore, no deferred tax liabilities have been established for the undistributed earnings of our Mexican foreign subsidiary.

Our ability to fund working capital needs, planned capital expenditures, scheduled debt payments, and to comply with any financial covenants under our ABL credit facility, depends on our future operating performance and cash flow, which in turn are subject to prevailing economic conditions and to financial, business and other factors, some of which are beyond our control.  We continue to manage our capital expenditures closely in order to preserve liquidity, while still maintaining our production capacity and making investments necessary to meet competitive threats and to seize upon growth opportunities.

Operating Activities

Net cash used in operating activities for the year ended December 31, 2013 was $5.1 million compared to net cash provided by operating activities for the year ended December 31, 2012 of $28.0 million. We have maintained our significant improvement of working capital management from 2012, the net decrease resulting from a change in working capital in the comparative periods.

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Table of Contents

Investing Activities

Net cash provided by investing activities was $8.1 million for the year ended December 31, 2013 compared to cash used of $58.2 million for the year ended December 31, 2012. Our most significant cash outlays for investing activities were the purchases of property, plant, and equipment. Our capital expenditures in 2013 were $38.9 million. Our required cash outflows for capital expenditures were reduced by $14.9 million during 2013 related to two sale/leaseback transactions that were entered into during the year and cash inflow of $30.0 million in proceeds from the sale of our Imperial segment. Also, during 2013, we had cash inflows of $2.0 million related to the settlement of a contingent earnout resulting from the sale of our Fabco subsidiary during 2011. During 2012 we had cash inflows of $14.2 million related to a capital lease that was entered into during the year. Capital expenditures for 2014 are expected to be between $22 million and $24 million, which we expect to fund through our cash from operations and existing cash reserves.

Financing Activities

Net cash provided by financing activities for the year ended December 31, 2013 totaled $3.7 million related to a net increase in amounts drawn under our ABL credit facility of $5.0 million, offset by cash outlays for the refinancing of the ABL facility. No cash was provided by or used in financing activities for the year ended December 31, 2012.

Bank Borrowing and Senior Notes

The Prior ABL Facility and the New ABL Facility

On July 29, 2010, we entered into our Prior ABL Facility, which was a senior secured asset based revolving credit facility, in an aggregate principal amount of up to $75.0 million, with the right to increase the availability under the facility by up to $25.0 million in the aggregate.  On February 7, 2012, we exercised our option to increase the loan commitments under the Prior ABL Facility by $25.0 million (for a total aggregate availability of $100.0 million) by entering into an asset-backed loan (ABL) incremental agreement.  The Prior ABL Facility would have matured on July 29, 2014 and provided for loans and letters of credit in an aggregate amount up to the amount of the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $25.0 million to be available for the issuance of letters of credit.   Loans under the Prior ABL Facility bore interest at an annual rate equal to, at our option, either LIBOR plus 3.50% or Base Rate plus 2.75%, subject to changes based on our leverage ratio as defined in the Prior ABL Facility.

The obligations under the Prior ABL Facility were secured by (i) first-priority liens on substantially all of the Company’s accounts receivable and inventories, subject to certain exceptions and permitted liens (the “ABL Priority Collateral”) and (ii) second-priority liens on substantially all of the Company’s owned real property and tangible and intangible assets other than the ABL Priority Collateral, including all of the outstanding capital stock of our domestic subsidiaries, subject to certain exceptions and permitted liens (the “Notes Priority Collateral”).

On July 11, 2013, we entered into the New ABL Facility and used $45.3 million of borrowings under the New ABL Facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility and to pay related fees and expenses.  The Prior ABL Facility was terminated as of July 11, 2013.

The New ABL Facility is a senior secured asset based credit facility in an aggregate principal amount of up to $100.0 million, consisting of a $90.0 revolving credit facility and a $10.0 million first-in last-out term facility, with the right, subject to certain conditions, to increase the availability under the facility by up to $50.0 million in the aggregate. The New ABL Facility currently matures on the earlier of (i) July 11, 2018 and (ii) 90 days prior to the maturity date of the Company’s 9.5% first priority senior security notes due August 1, 2018, which may be extended further under certain circumstances pursuant to the terms of the New ABL Facility.  See Note 11 to the Condensed Consolidated Financial Statements above.

The New ABL Facility provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $20.0 million for letters of credit.  Borrowings under the New ABL Facility bear interest through maturity at a variable rate based upon, at our option, either LIBOR or the base rate (which is the greatest of one-half of 1.00% in excess of the federal funds rate, 1.00% in excess of the one-month LIBOR rate and the Agent’s prime rate), plus, in each case, an applicable margin.  The applicable margin for loans under the first-in last-out term facility that are (i) LIBOR loans ranges, based on the our average excess availability, from 2.75% to 3.25% per annum and (ii) base rate loans ranges, based on our average excess availability, from 1.00% to 1.50%.  The applicable margin for other advances under the New ABL Facility that are (i) LIBOR loans ranges, based on our average excess availability, from 1.75% to 2.25% and (ii) base rate loans ranges, based on our average excess availability, from 0.00% to 0.50%.

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We must also pay an unused line fee equal to 0.25% per annum to the lenders under the New ABL Facility if utilization under the facility is greater than or equal to 50.0% of the total available commitments under the facility and a commitment fee equal to 0.375% per annum if utilization under the facility is less than 50.0% of the total available commitments under the facility. Customary letter of credit fees are also payable, as necessary.

The obligations under the New ABL Facility are secured by (i) first-priority liens on the ABL Priority Collateral and (ii) second-priority liens on the Notes Priority Collateral.

Senior Secured Notes

On July 29, 2010, we issued $310.0 million aggregate principal amount of senior secured notes.  Under the terms of the indenture governing the senior secured notes, the senior secured notes bear interest at a rate of 9.5% per year, paid semi-annually in February and August, and mature on August 1, 2018.  Prior to maturity we may redeem the senior secured notes on the terms set forth in the indenture governing the senior secured notes. The senior secured notes are guaranteed by the Guarantors, and the senior secured notes and the related guarantees are secured by first priority liens on the Notes Priority Collateral and second priority liens on the ABL Priority Collateral.  On February 15, 2011, we completed an exchange offer pursuant to which all our outstanding senior secured notes were exchanged for registered securities with identical terms (other than terms related to registration rights) to the senior secured notes issued July 29, 2010.

Restrictive Debt Covenants

Our credit documents(the New ABL Facility and the indenture governing the senior secured notes) contain operating covenants that limit the discretion of management with respect to certain business matters.  These covenants place significant restrictions on, among other things, the ability to incur additional debt, to pay dividends, to create liens, to make certain payments and investments and to sell or otherwise dispose of assets and merge or consolidate with other entities.  In addition, the New ABL Facility contains a fixed charge coverage ratio covenant which will be applicable if the availability under the ABL Facility is less than 10.0% of the amount of the New ABL Facility.  If applicable, that covenant requires us to maintain a minimum ratio of adjusted EBITDA less capital expenditures made during such period (other than capital expenditures financed with the net cash proceeds of asset sales, recovery events, incurrence of indebtedness and the sale or issuance of equity interests) to fixed charges of 1.00 to 1.00.  We are currently and expect to remain in compliance with our covenants through the next twelve months.  However, we continue to operate in a challenging economic environment and our ability to maintain liquidity and comply with our debt covenants may be affected by economic or other conditions that are beyond our control and which are difficult to predict.  

Off-Balance Sheet Arrangements

We do not currently have any off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources. From time to time we may enter into operating leases, letters of credit, or take-or-pay obligations related to the purchase of raw materials that would not be reflected in our balance sheet.

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Table of Contents 

Contractual Obligations and Commercial Commitments

The following table summarizes our contractual obligations as of December 31, 2013 and the effect such obligations and commitments are expected to have on our liquidity and cash flow in future periods:

	Payments due by period
(In millions)	Total		Less than 1 year		1 - 3 years		3 - 5 years		More than 5 years
Long-term debt(a)	$	335.0	$	—	$	—	$	25.0	$	310.0
Interest on long-term debt(b)		147.3		29.5		58.9		58.9		—
Interest on variable rate debt(c)		2.9		0.6		1.3		1.0		—
Capital leases		13.5		3.4		6.8		3.3		—
Operating leases		16.8		3.9		7.2		4.9		0.8
Purchase commitments(d)		41.7		41.7		—		—		—
Other long-term liabilities(e)		192.0		18.2		36.5		37.9		99.4
Total obligations(f)	$	749.2	$	97.3	$	110.7	$	131.0	$	410.2

[Missing Graphic Reference]

(a)   Amounts represent face value of debt instruments due, comprised of $310.0 million aggregate principal amount of senior secured notes and a $25.0 million draw on our ABL facility.

(b)   Interest expense for our senior secured notes, computed at 9.5% per annum.

(c)   Interest expense for our ABL facility initially bear interest at an annual rate subject to changes based on our average excess availability as defined in the ABL facility, equal to, at our option, either LIBOR plus 3.00% or Base Rate plus 1.25%, for loans under the first-in, last-out facility and either LIBOR plus 2.00% or Base Rate plus 0.25%

(d)   The unconditional purchase commitments are principally take-or-pay obligations related to the purchase of certain materials, including natural gas, consistent with customary industry practice.

(e)   Consists primarily of estimated post-retirement and pension contributions for 2014 and estimated future post-retirement and pension benefit payments for the years 2015 through 2023. Amounts for 2024 and thereafter are unknown at this time.

(f)   Since it is not possible to determine in which future period it might be paid, excluded above is the $8.4 million uncertain tax liability recorded in accordance with ASC 740-10, Income Taxes.

Critical Accounting Policies and Estimates

Our consolidated financial statements and accompanying notes have been prepared in accordance with U. S. GAAP applied on a consistent basis. The preparation of financial statements in conformity with U. S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses during the reporting periods.

We continually evaluate our accounting policies and estimates used to prepare the consolidated financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Critical accounting policies and estimates are those where the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and the impact of the estimates and assumptions on financial condition or operating performance is material. We believe our critical accounting policies and estimates, as reviewed and discussed with the Audit Committee of our Board of Directors include impairment of long-lived assets, goodwill, pensions, and income taxes.

Impairment of Long-lived Assets – We evaluate long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable. In performing the review of recoverability, we estimate future cash flows expected to result from the use of the asset and our eventual disposition. The estimates of future cash flows, based on reasonable and supportable assumptions and projections, require our subjective judgments. The time periods for estimating future cash flows is often lengthy, which increases the sensitivity to assumptions made. Depending on the assumptions and estimates used, such as the determination of the primary asset group, the estimated

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life of the primary asset, and projected profitability, the estimated future cash flows projected in the evaluation of long-lived assets can vary within a wide range of outcomes. We consider the likelihood of possible outcomes in determining the best estimate of future cash flows.

At November 30, 2013, we evaluated the value of the long-lived assets and determined there were no impairment indicators.

At November 30, 2012, the Company considered the impact of business developments in its Gunite reporting unit including a loss of customer market share and evidence of declining aftermarket sales.  In addition to our concerns with our Gunite business, the Company has also experienced a decline in its stock price to an amount below then current book value.   These events triggered a long-lived asset impairment analysis for Gunite.

We performed a recoverability test of the Gunite’s long-lived assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the long lived assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of real and personal property, the market approach and cost approach were considered.  The income approach was not considered as we concluded it not feasible to allocate or attribute income to individual assets given our asset group determination to be the Gunite reporting unit.  Under the cost approach, the determination of fair value considered the estimates of the cost to replace or reproduce assets of equal utility at current prices with adjustments in value for physical deterioration and functional obsolescence based on the condition of the assets. Under the market approach, the determination of fair value considered the market prices in transactions for similar assets and certain direct market values based on quoted prices from brokers and market professionals.  For real estate, we concluded that the market approach was the most appropriate valuation method.  For buildings, we concluded that the cost approach was the most valuation appropriate method.  For personal property, we concluded that the cost approach, adjusted for an in-exchange or salvage premise, was the most appropriate method for determining fair value.

Significant Level 3 inputs for real estate and building measurements included location of the property, zoning, physical deterioration, functional obsolescence and external obsolescence.  Significant Level 3 inputs for personal property included physical deterioration, functional obsolescence and economic obsolescence.

As a result of our fair value estimates, we adjusted the carrying amount of the Gunite’s personal property to fair value and recognized asset impairment charges of $34.1 at December 31, 2012.  These charges were separately disclosure as a component of operating expenses.  The fair value estimates for the Gunite personal property are based on a valuation premise that assumes the assets’ highest and best use are different than their current use as a result of lower volume demands for Gunite’s products due to the loss of customers, reduced production levels in the commercial vehicle market, and its declining aftermarket segments in North America.  See Note 6, “Property, Plant and Equipment,” for further discussion.

Accounting for Goodwill and Other Intangible Assets – The Company performs its annual assessment for impairment of goodwill at November 30 for all reporting units and tests these balances more frequently if indicators are present or changes in circumstances suggest that impairment may exist.  The estimates and assumptions underlying the fair value calculations used in the Company’s annual impairment tests are uncertain by their nature and can vary significantly from actual results.  Factors that management must estimate include, but are not limited to, industry and market conditions, sales volume and pricing, raw material costs, capital expenditures, working capital changes, cost of capital, and tax rates.  These factors are especially difficult to predict when U.S. and global financial markets are volatile. The estimates and assumptions used in its impairment tests are consistent with those the Company uses in its internal planning. These estimates and assumptions may change from period to period.  If the Company uses different estimates and assumptions in the future, impairment charges may occur and could be material.

In performing the test on goodwill, the Company utilizes the two-step approach.  The first step under this guidance requires a comparison of the carrying value of the reporting units, of which the Company has identified three in total, to the fair value of these reporting units.  The Company uses the income approach to determine the fair value of each reporting unit.  The approach calculates fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting these after-tax cash flows to a present value using a risk-adjusted discount rate and a market approach that uses guideline companies.  If the carrying value of a reporting unit exceeds its fair value, the Company performs the second step of the goodwill impairment test to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test compares the implied fair value of a reporting unit’s goodwill to its carrying value.

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When we evaluate goodwill for impairment using a quantitative assessment, we compare the fair value of each reporting segment to its carrying value. We determine the fair value using an income and a market value approach. Under the income approach, we calculate the fair value of a reporting unit based on the present value of estimated future cash flows using growth rates and discount rates that are consistent with current market conditions in our industry.  The market approach uses guideline companies.  If the fair value of the reporting unit exceeds the carrying value of the net assets including goodwill assigned to that unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then we determine the implied fair value of the reporting unit’s goodwill. If the carrying value of the reporting unit’s goodwill exceeds its implied fair value, then an impairment of goodwill has occurred and we recognize an impairment loss for the difference between the carrying amount and the implied fair value of goodwill as a component of operating income.

At November 30, 2013, we evaluated the value of the goodwill and determined there were no impairment indicators.

At November 30, 2012, business developments in the Gunite reporting unit including a loss of customer market share, evidence of declining aftermarket sales, overall reduced production levels of the commercial vehicle market, operating losses for the past several years, and recent declines in the Company’s stock price to an amount below book value, the Gunite reporting unit failed the step one goodwill impairment test.  The Company estimated the fair value of the Gunite reporting unit utilizing a discounted cash flow model, as the Company believes it is the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed resulting in the Company recognizing goodwill impairment charges of $62.8 million.  The Wheels and Brillion reporting units both passed the Step One test.  However, the valuation for the Wheels reporting unit is highly dependent upon projected builds for Class 5-8, heavy duty trucks.  A permanent, long-term decline in projected builds for these trucks could have a significant impact on the Wheels reporting unit’s ability to pass the Step 1 test in future periods.

The Company determines the fair value of other indefinite lived intangible assets, primarily trade names, using the relief-from-royalty method, an income based approach. The approach calculates fair value by estimating the after-tax cash flows attributable to the asset and then discounting these after-tax cash flows to a present value using a risk-adjusted discount rate. The calculated fair value is compared to the carrying value to determine if any impairment exists.

If events or circumstances change, a determination is made by management to ascertain whether certain finite-lived intangibles have been impaired based on the sum of expected future undiscounted cash flows from operating activities. If the estimated net cash flows are less than the carrying amount of such assets, an impairment loss is recognized in an amount necessary to write down the assets to fair value as determined from expected future discounted cash flows.

 We performed a recoverability test of the Gunite’s finite-lived intangible assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the finite-lived intangible assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of customer relationships, the multi-period excess earnings method was used.  This method is based on the concept that cash flows attributable to the assets analyzed are available after deducting costs associated with the business as well as a return on the assets employed in the generation of the cash flows.  Significant Level 3 inputs for this valuation model include determining the attrition rate associated with customer revenues, contributory asset charges and required rates of return on tangible and intangible assets, as well as a discount rate for the cash flows.  To determine the fair value of technology, the relief-from-royalty method described above was used.  In applying this method to technology, significant Level 3 inputs include determining the technology obsolescence rate, a royalty rate, and an appropriate discount rate.

As a result of the fair value measurements, no trade names, customer relationship or technology no impairment was recognized for the year ended December 31, 2013.

For the year ended December 31, 2012 Gunite’s trade names, customer relationships and technology, the Company recorded additional impairment charges of these intangible assets totaling $36.8 million.

Pensions and Other Post-Employment Benefits – We account for our defined benefit pension plans and other post-employment benefit plans in accordance with ASC 715-30, Defined Benefit Plans - Pensions, ASC 715-60, Defined Benefit Plans – Other Postretirement, and ASC 715-20, Defined Benefit Plans - General, which require that amounts recognized in financial statements be determined on an actuarial basis. As permitted by ASC 715-30, we use a smoothed value of plan

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assets (which is further described below). ASC 715-30 requires that the effects of the performance of the pension plan’s assets and changes in pension liability discount rates on our computation of pension income (cost) be amortized over future periods. ASC 715-20 requires an employer to fully recognize the obligations associated with single-employer defined benefit pension, retiree healthcare, and other postretirement plans in their financial statements.

The most significant element in determining our pension income (cost) in accordance with ASC 715-30 is the expected return on plan assets and discount rates. In 2013, we assumed that the expected long-term rate of return on plan assets would be 6.5 percent for our U.S. plans and 5.7 percent for our Canadian plans. The assumed long-term rate of return on assets is applied to a calculated value of plan assets, which recognizes changes in the fair value of plan assets in a systematic manner over five years. This produces the expected return on plan assets that is included in pension income (cost). The difference between this expected return and the actual return on plan assets is deferred. The net deferral of past asset gains (losses) affects the calculated value of plan assets and, ultimately, future pension income (cost).

The expected return on plan assets is reviewed annually, and if conditions should warrant, will be revised. If we were to lower this rate, future pension cost would increase. For 2014, we currently anticipate increasing our long-term rate of return assumption to 6.7 percent for our U.S. plans and lowering our rate to 5.6 percent for our Canadian plans.

At the end of each year, we determine the discount rates to be used to calculate the present value of each of the plan liabilities. The discount rate is an estimate of the current interest rate at which the pension liabilities could be effectively settled at the end of the year. In estimating this rate, we look to rates of return on high-quality, fixed-income investments that receive one of the two highest ratings given by a recognized ratings agency. At December 31, 2013, we determined the blended rate to be 4.19 percent. The net effect of changes in the discount rate, as well as the net effect of other changes in actuarial assumptions and experience, has been deferred, in accordance with ASC 715-30.

For the year ended December 31, 2013, we recognized consolidated pretax pension cost of $2.4 million compared to $2.3 million in 2012. We currently expect to contribute $14.3 million to our pension plans during 2014, however, we may elect to adjust the level of contributions based on a number of factors, including performance of pension investments, changes in interest rates, and changes in workforce compensation.

For the year ended December 31, 2013, we recognized consolidated pre-tax post-employment welfare benefit cost of $4.1 million compared to $4.4 million in 2012. We expect to contribute $4.3 million during 2014 to our post-employment welfare benefit plans.

Income Taxes – Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid. We are subject to income taxes in both the United States and numerous foreign jurisdictions. Significant judgments and estimates are required in determining the consolidated income tax expense.

Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. In projecting future taxable income, we begin with historical results adjusted for the results of discontinued operations and changes in accounting policies and incorporate assumptions including the amount of future state, federal and foreign pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax-planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates we are using to manage the underlying businesses. In evaluating the objective evidence that historical results provide, we consider three years of cumulative operating income (loss).

Upon emergence from bankruptcy, the Company adjusted its recorded deferred tax assets and liabilities using the valuation adjustments resulting from fresh start accounting. We concluded at that time that we remained in a net deferred tax asset position and re-evaluated the realizability of our U.S. net deferred tax assets by assessing the likelihood of our ability to utilize them against future taxable income and availability of tax planning strategies. We determined that a valuation allowance against the deferred tax assets continued to be appropriate. The Company will continue to evaluate the likelihood of realization on a quarterly basis and adjust the valuation allowance accordingly.

Changes in tax laws and rates could also affect recorded deferred tax assets and liabilities in the future. Management is not aware of any such changes that would have a material effect on the Company’s results of operations, cash flows, or financial position.

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The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across our global operations.

ASC 740 provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. ASC 740 also provides guidance on measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.

We recognize tax liabilities in accordance with ASC 740 and we adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available. Because of the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities. These differences will be reflected as increases or decreases to income tax expense in the period in which new information is available.

We believe that it is reasonably possible that an increase of up to $0.2 million in unrecognized tax benefits related to state exposures may be necessary within the coming year. In addition, we believe that it is reasonably possible that approximately none of our currently remaining unrecognized tax benefits, each of which are individually insignificant, may be recognized by the end of 2014 as a result of a lapse of the statute of limitations.

Recent Developments

See Note 1 for discussions related to recent developments.

Effects of Inflation

The effects of inflation were not considered material during fiscal years 2013, 2012, or 2011.

Item 7A. Quantitative and Qualitative Disclosure about Market Risk

In the normal course of doing business, we are exposed to the risks associated with changes in foreign exchange rates, raw material/commodity prices, and interest rates. We use derivative instruments to manage these exposures. The objectives for holding derivatives are to minimize the risks using the most effective methods to eliminate or reduce the impacts of these exposures.

Foreign Currency Risk

Certain forecasted transactions, assets, and liabilities are exposed to foreign currency risk. We monitor our foreign currency exposures to maximize the overall effectiveness of our foreign currency derivatives. The principal currencies of exposure are the Canadian Dollar and Mexican Peso. From time to time, we use foreign currency financial instruments, namely foreign currency derivative contracts, to offset the impact of the variability in exchange rates on our operations, cash flows, assets and liabilities. At December 31, 2013, there were no open foreign exchange forward contracts.

Foreign currency derivative contracts provide only limited protection against currency risks. Factors that could impact the effectiveness of our currency risk management programs include accuracy of sales estimates, volatility of currency markets and the cost and availability of derivative instruments. The counterparty to the foreign exchange contracts is a financial institution with an investment grade credit rating. The use of forward contracts protects our cash flows against unfavorable movements in exchange rates to the extent of the amount under contract.

Raw Material/Commodity Price Risk

We rely upon the supply of certain raw materials and commodities in our production processes, and we have entered into contractual purchase commitments for certain metals and natural gas. A 10% adverse change in pricing (considering 2013 production volume) would cause an increase in expenses of approximately $29 million, which would be reduced through the terms of the sales, supply, and procurement contracts that would allow us to pass along some of these expenses, although in some cases on a delayed basis. Additionally, from time to time, we use commodity price swaps and futures contracts to manage the variability in certain commodity prices on our operations and cash flows. At December 31, 2013, we had no open commodity price swaps or futures contracts.

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Interest Rate Risk

We use long-term debt as a primary source of capital. The following table presents the principal cash repayments and related weighted average interest rates by maturity date for our long-term fixed-rate debt and other types of long-term debt at December 31, 2013:

(In thousands)	2014		2015		2016		2017		2018			Thereafter		Total			Fair Value
Long-term Debt:
Fixed Rate		—		—		—		—	$	310,000		$	—	$	310,000		$	306,900
Average Rate		—		—		—		—		9.5	%		—		9.5	%
Variable Rate		—		—		—		—	$	25,000			—	$	25,000		$	25,000
Average Rate		—		—		—		—		2.6	%		—		2.6	%

Item 8. Financial Statements and Supplementary Data

Attached, see Item 15.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

Evaluation of disclosure controls and procedures. In accordance with Rule 13a-15(b) of the Exchange Act, our management evaluated, with the participation of our Chief Executive Officer and Chief Financial Officer, the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of December 31, 2013. Based upon their evaluation of these disclosure controls and procedures, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of December 31, 2013 to ensure that information required to be disclosed under the Exchange Act is recorded, processed, summarized, and reported, within the time period specified in the SEC rules and forms, and to ensure that information required to be disclosed under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.

Management’s Annual Report on Internal Control Over Financial Reporting. Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) of the Exchange Act. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of published financial statements in accordance with U.S. GAAP.

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has assessed the effectiveness of our internal control over financial reporting based on the framework and criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (1992). Based on this assessment, our management has concluded that, as of December 31, 2013, our internal controls over financial reporting were effective based on that framework.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of the effectiveness to future periods are subject to risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Deloitte & Touche LLP, the Company’s independent registered public accounting firm, issued an audit report on the effectiveness of the Company’s internal control over financial reporting as of December 31, 2013, which is included herein.

Changes in Internal Controls Over Financial Reporting. During the fourth quarter of fiscal 2013, there were no changes to our internal controls over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

Item 9B. Other Information

None.

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PART III

Item 10. Directors, Executive Officers, and Corporate Governance

The information required by Item 10 is incorporated by reference to the information set forth in our Proxy Statement in connection to our 2014 Annual Meeting of Shareholders (“2014 Proxy Statement”) to be filed with the SEC not later than 120 days after the end of our fiscal year covered by this Form 10-K.

Code of Ethics for CEO and Senior Financial Officers

As part of our system of corporate governance, our Board of Directors has adopted a code of conduct (the “Accuride Code of Conduct”) that is applicable to all employees including our Chief Executive Officer and senior financial officers. The Accuride Code of Conduct is available on our website at http://www.accuridecorp.com. We intend to disclose on our website any amendments to, or waivers from, the Accuride Code of Conduct that are required to be publicly disclosed pursuant to the rules of the SEC.

Item 11. Executive Compensation

The information required by Item 11 is incorporated by reference to the information set forth in our 2014 Proxy Statement.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

The information required by Item 12 is incorporated by reference to the information set forth in our 2014 Proxy Statement.

Item 13. Certain Relationships and Related Transactions and Director Independence

The information required by Item 13 is incorporated by reference to the information set forth in our 2014 Proxy Statement.

 Item 14. Principal Accountant Fees and Services

The information required by Item 14 is incorporated by reference to the information set forth in our 2014 Proxy Statement.

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PART IV

Item 15. Exhibits and Financial Statement Schedules

(a) The following constitutes a list of Financial Statements and Financial Statement Schedules required to be included in this report:

1. Financial Statements

The following financial statements of the Registrant are filed herewith as part of this report:

Report of Independent Registered Public Accounting Firm.

Consolidated Balance Sheets—As of December 31, 2013 and 2012.

Consolidated Statements of Operations and Comprehensive Income (Loss)—For the years ended December 31, 2013, 2012, and 2011.

Consolidated Statements of Stockholders’ Equity (Deficiency) — For the years ended December 31, 2013, 2012 and 2011.

Consolidated Statements of Cash Flows—For the years ended December 31, 2013, 2012 and 2011.

Notes to Consolidated Financial Statements—For the years ended December 31, 2013, 2012 and 2011.

2. Financial Statement Schedules

Schedules are omitted because of the absence of conditions under which they are required or because the required information is presented in the Financial Statements or notes thereto.

3. Exhibits

2.1	—	Agreement and Plan of Merger, dated as of December 24, 2004, by and among Accuride Corporation, Amber Acquisition Corp., Transportation Technologies Industries, Inc., certain signing stockholders and the Company Stockholders Representatives. Previously filed as an exhibit to the Form 8-K filed on December 30, 2004 and incorporated herein by reference.
2.2	—	Amendment to Agreement and Plan of Merger, dated as of January 28, 2005, by and among Accuride Corporation, Amber Acquisition Corp., Transportation Technologies Industries, Inc. certain signing stockholders and the Company Stockholders Representatives. Previously filed as an exhibit to the Form 8-K filed on February 4, 2005 and incorporated herein by reference.
2.3	—	ThirdAmended Joint Plan of Reorganization for Accuride Corporation, et al. Previously filed as an exhibit to the Form 8-K filed on February 22, 2010, and incorporated herein by reference.
2.4	—	Confirmation Order for Third Amended Plan of Reorganization. Previously filed as an exhibit to the Form 8-K filed on February 22, 2010, and incorporated herein by reference.
2.5	—	Stock Purchase Agreement by and among Accuride Corporation, Truck Components, Inc., Fabco Automotive Corporation and Fabco Holdings Inc., dated September 26, 2011. Previously filed as an exhibit to the Form 8-K filed on September 30, 2011, and incorporated herein by reference.
3.1	—	Amended and Restated Certificate of Incorporation of Accuride Corporation. Previously filed as an exhibit to the Form 8-K (Acc. No. 0001104659-10-012168) filed on March 4, 2010, and incorporated herein by reference.
3.2	—	Certificate of Amendment to the Amended and Restated Certificate of Incorporation. Previously filed as an exhibit to the Form 8-K (ACC No. 0001104659-10-059191) filed on November 18, 2010, and incorporated herein by reference.
3.3	—	Amended and Restated Bylaws of Accuride Corporation. Previously filed as an exhibit to the Form 8-K (Acc. No. 0001104659-10-004054) filed on February 1, 2011, and incorporated herein by reference.
4.1	—	Registration Rights Agreement, dated February 26, 2010, by and between Accuride Corporation and each of the Holders party thereto. Previously filed as an exhibit to the Form 8-K (Acc. No. 0001104659-10-012168) filed on March 4, 2010 and incorporated herein by reference.

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Table of Contents 

4.2	—	Indenture, dated as of July 29, 2010, by and among Accuride Corporation, the guarantors named therein, Wilmington Trust FSB, as trustee and Deutsche Bank Trust Company Americas, with respect to 9.5% First Priority Senior Secured Notes due 2018. Previously filed as an exhibit to the Form 8-K filed on August 2, 2010 (Acc. No. 0001104659-10-012168) and incorporated herein by reference.
4.3	—	Form of 9.5% First Priority Senior Secured Notes due 2018. Previously filed as an exhibit to Form 8-K filed on August 2, 2010 and incorporated herein by reference.
4.4	—	Intercreditor Agreement, dated as of July 29, 2010, among Deutsche Bank Trust Company Americas, as initial ABL Agent, and Deutsche Bank Trust Company Americas, as Senior Secured Notes Collateral Agent. Previously filed as an exhibit to the Form 8-K filed on August 2, 2010 (Acc. No. 0001104659-10-012168) and incorporated herein by reference.
4.5	—	Joinder and Amendment to Intercreditor Agreement, dated July 11, 2013, by and among Wells Fargo, National Association, a national banking association, as the New ABL Agent and Deutsche Bank Trust Company Americas, as Senior Secured Notes Collateral Agent. Previously filed as an exhibit to the Form 8-K filed on July 12, 2013 and incorporated herein by reference
4.6	—	Amended and Restated Rights Agreement, dated November 7, 2012, between Accuride Corporation and American Stock Transfer & Trust Company, LLC. Previously filed as an exhibit to the Form 8-K filed on November 8, 2012 and incorporated by reference herein.
4.7	—	Amendment No. 1, dated as of December 19, 2012, to Amend and Restated Rights Agreement, dated as of November 7, 2012, by and between Accuride Corporation and American Stock Transfer and Trust Company, LLC.  Previously filed as an exhibit to the Form 8-K filed on December 20, 2012 and incorporated by reference herein.
10.1	—	Lease Agreement, dated October 26, 1998, as amended, by and between Accuride Corporation and Viking Properties, LLC, regarding the Evansville, Indiana office space. Previously filed as an exhibit to Amendment No. 1 filed on February 23, 2005 to the Form S-1 effective April 25, 2005 (Reg. No. 333-121944) and incorporated herein by reference.
10.2	—	Fourth Addendum to Lease Agreement With Option to Purchase, dated December, 22 2009, by and between Accuride Corporation, Viking Properties, LLC, and Logan Indiana Properties, LLC. Previously filed as an exhibit to the Form 8-K (Acc. No. 0001104659-10-012168) filed on March 4, 2010 and incorporated herein by reference.
10.3	—	Amended and Restated Plant Parcel Lease Agreement, dated as of March 31, 2005 and amended and restated as of March 1, 2010, by and between Accuride Erie L.P. and Greater Erie Industrial Development Corporation, as further amended by the attached Subordination, Non-disturbance and Attornment Agreement, dated June 9, 2009, between First National Bank of Pennsylvania, Greater Erie Industrial Development Corporation and Accuride Erie, L.P. Previously filed as an exhibit to the Form 8-K filed on June 15, 2009 and incorporated herein by reference.
10.4*	—	Accuride Executive Retirement Allowance Policy, dated December 2008. Previously filed as an exhibit to the Form 10-K filed on March 13, 2009 and incorporated herein by reference.
10.5*	—	Form of Amended & Restated Severance and Retention Agreement (Tier I executives). Previously filed as an exhibit to the Form 10-K filed on March 15, 2012, and incorporated herein by reference.
10.6*	—	Form of Amended & Restated Severance and Retention Agreement (Tier II executives).  Previously filed as an exhibit to the Form 10-K filed on March 15, 2012, and incorporated herein by reference.
10.7*	—	Form of Amended & Restated Severance and Retention Agreement (Tier III executives).  Previously filed as an exhibit to the Form 10-K filed on March 15, 2012, and incorporated herein by reference.
10.8*	—	Form of Indemnification Agreement between Accuride and each member of the pre-petition Board of Directors. Previously filed as an exhibit to Form 8-K filed on February 4, 2009 and incorporated herein by reference.
10.9*	—	Form of Indemnification Agreement. Previously filed as an exhibit to Amendment 4, filed on April 21, 2005, to the Form S-1 effective April 25, 2005 (Reg. No. 333-121944) and incorporated herein by reference.
10.10*	—	Form of Indemnification Agreement between Accuride and its post-petition Directors and Officers. Previously filed as an exhibit to Form 8-K filed on May 5, 2010 and incorporated herein by reference.
10.11*	—	Accuride Corporation Directors’ Deferred Compensation Plan, as amended. Previously filed as an exhibit to the Form 10-K filed on March 28, 2011, and incorporated herein by reference.
10.12*	—	Accuride Corporation Amended and Restated 2010 Incentive Award Plan. Previously filed as an exhibit to the Form 10-Q filed on May 6, 2011, and incorporated herein by reference.

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10.13*	—	Letter agreement, dated January 14, 2011, between Accuride Corporation and Richard F. Dauch. Previously filed as an exhibit to Form 8-K filed on February 1, 2011, and incorporated herein by reference.
10.14	—	Agreement of Lease, effective as of January 5, 2009, by and between Accuride Corporation and I-65 Corridor 1, L.L.C. Previously filed as an exhibit to the Form 8-K filed on January 12, 2009, and incorporated herein by reference.
10.15	—	Credit Agreement, dated July 11, 2013, by and among Wells Fargo, National Association, as Administrative Agent, Lead Arranger and Book Runner, BMO Harris Bank N.A., as Syndication Agent, the lenders party thereto, and the Accuride Corporation and its subsidiaries parties thereto, as Borrowers. Previously filed as an exhibit to the Form 8-K filed on July 12, 2013 and incorporated herein by reference.
10.16*	—	Form of Accuride Corporation 2010 Initial Grant Restricted Stock Unit Award entered into by Accuride Corporation and individual directors of Accuride Corporation. Previously filed as Exhibit 4.4 to Form S-8 filed on August 3, 2010 and incorporated herein by reference.
10.17*	—	Form of Restricted Stock Unit Award Agreement. Previously filed as an exhibit to Form 10-Q filed on May 17, 2010 and incorporated herein by reference.
10.18*	—	Form of Restricted Stock Unit Award Agreement. Previously filed as an exhibit to Form 8-K filed on April 29, 2011 and incorporated herein by reference.
10.19*	—	Form of Restricted Stock Unit Award Agreement (2012 Employee Long Term Incentive Plan).
10.20*	—	Form of Stock Option Award Agreement (2012 Employee Long Term Incentive Plan), previously filed as an exhibit to Form 10-K filed on March 15, 2012, and incorporated herein by reference.
10.21*	—	Form of Performance Share Unit Award Agreement (2013). Previously filed as an exhibit to the Form 8-K filed on March 25, 2013 and incorporated herein by reference.
10.22*	—	Form of Restricted Stock Unit Award Agreement (2013). Previously filed as an exhibit to the Form 8-K filed on March 25, 2013 and incorporated herein by reference.
10.23	—	Asset Purchase Agreement among Accuride EMI, LLC, Accuride Corporation, Forgitron Technologies LLC and Kamylon Partners TBG, LLC, dated June 20, 2011. Previously filed as an exhibit to Form 8-K filed on June 21, 2011 and incorporated herein by reference.
10.24	—	Capital Lease Agreements, dated February 10, 2012, between Accuride Corporation and General Electric Capital Corporation and its affiliates. Previously filed as an exhibit to the Form 8-K filed on February 16, 2012 and incorporated herein by reference.
10.25	—	Investors Agreement, dated December 9, 2012 by and among Accuride Corporation and the Investors party hereto.  Previously filed as an exhibit to the Form 8-K filed on December 20, 2012 and incorporated herein by reference.
10.26	—	Sublease, entered into as of August 8, 2013, by and between Accuride Corporation and Menlo Logistics, Inc. Previously filed as an exhibit to the Form 8-K filed on August 13, 2013 and incorporated herein by reference.
10.27	—	Lease, entered into as of August 8, 2013, by and between Accuride Corporation and Cabot Acquisition, LLC.  Previously filed as an exhibit to the Form 8-K filed on August 13, 2013 and incorporated herein by reference.
10.28	—	Asset Purchase Agreement, dated August 1, 2013, by and among Accuride Corporation, Imperial Group, L.P., and Imperial Group Manufacturing, Inc. previously filed as an exhibit to Form 8-K filed on August 6, 2013 and incorporated herein by reference.
14.1	—	Accuride Corporation Code of Conduct-2005. Previously filed as an exhibit to Amendment No. 2 filed on March 25, 2005 to the Form S-1 effective April 25, 2005 (Reg. No. 333-121944) and incorporated herein by reference.
21.1†	—	Subsidiaries of the Registrant.
23.1†	—	Consent of Independent Registered Public Accounting Firm
31.1†	—	Section 302 Certification of Richard F. Dauch in connection with the Annual Report of Form 10-K of Accuride Corporation for the fiscal year ended December 31, 2013.
31.2†	—	Section 302 Certification of Gregory A. Risch in connection with the Annual Report of Form 10-K of Accuride Corporation for the fiscal year ended December 31, 2013.
32.1††	—	Section 906 Certification of Richard F. Dauch in connection with the Annual Report on Form 10-K of Accuride Corporation for the fiscal year ended December 31, 2013.
32.2††	—	Section 906 Certification of Gregory A. Risch in connection with the Annual Report on Form 10-K of Accuride Corporation for the fiscal year ended December 31, 2013.
101.INS†	—	XBRL Instance Document
101.SCH†	—	XBRL Taxonomy Extension Schema Document
101.CAL†	—	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB†	—	XBRL Taxonomy Extension Label Linkbase Document
101.PRE†	—	XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF†	—	XBRL Taxonomy Extension Definition Linkbase Document

†           Filed herewith

††           Furnished herewith

*           Management contract or compensatory agreement

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dated: March 6, 2014

ACCURIDE CORPORATION
By:	/s/ RICHARD F. DAUCH
	Richard F. Dauch President and Chief Executive Officer

Pursuant to the requirements of the Securities and Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
/s/ RICHARD F. DAUCH	President and Chief Executive Officer (Principal Executive Officer)	March 6, 2014
Richard F. Dauch
/s/ GREGORY A. RISCH	Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)	March 6, 2014
Gregory A. Risch
/s/ JOHN W. RISNER	Chairman of the Board of Directors	March 6, 2014
John W. Risner
/s/ ROBIN J. ADAMS	Director	March 6, 2014
Robin J. Adams
/s/ KEITH E. BUSSE	Director	March 6, 2014
Keith E. Busse
/s/ ROBERT E. DAVIS	Director	March 6, 2014
Robert E. Davis
/s/ LEWIS M. KLING	Director	March 6, 2014
Lewis M. Kling
/s/ JAMES R. RULSEH	Director	March 6, 2014
James R. Rulseh

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ACCURIDE CORPORATION

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm	52
Consolidated Balance Sheets as of December 31, 2013 and 2012	53
Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2013, 2012 and  2011	54
Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2013, 2012 and 2011	55
Consolidated Statements of Cash Flows for the year ended December 31, 2013, 2012 and 2011	56
Notes to Consolidated Financial Statements	57

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of

Accuride Corporation and Subsidiaries

Evansville, Indiana

We have audited the accompanying consolidated balance sheets of Accuride Corporation and subsidiaries (the "Company") as of December 31, 2013 and 2012, and the related consolidated statements of operations and comprehensive loss, stockholders' deficiency, and cash flows for each of the three years in the period ended December 31, 2013. We also have audited the Company's internal control over financial reporting as of December 31, 2013, based on Internal Control — Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company's management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on these financial statements and an opinion on the Company's internal control over financial reporting based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

A company's internal control over financial reporting is a process designed by, or under the supervision of, the company's principal executive and principal financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Accuride Corporation and subsidiaries as of December 31, 2013 and 2012, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2013, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2013, based on the criteria established in Internal Control — Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

/s/DELOITTE & TOUCHE LLP

Indianapolis, Indiana

March 6, 2014

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ACCURIDE CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

	December 31,			December 31,
(In thousands, except for share and per share data)	2013			2012
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	33,426		$	26,751
Customer receivables, net of allowance for doubtful accounts of $259 and $549 in 2013 and 2012, respectively		51,382			56,888
Other receivables		8,138			7,708
Inventories		39,329			61,192
Deferred income taxes		3,806			4,591
Prepaid expenses and other current assets		11,894			5,584
Assets held for sale		1,293			—
Total current assets		149,268			162,714
PROPERTY, PLANT AND EQUIPMENT, net		219,624			267,377
OTHER ASSETS:
Goodwill		100,697			100,697
Other intangible assets, net		125,430			134,180
Deferred financing costs, net of accumulated amortization of $3,649 and $4,127 in 2013 and 2012, respectively		6,440			6,741
Deferred income taxes		503			5,052
Other		9,815			1,055
TOTAL	$	611,777		$	677,816
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable	$	47,527		$	59,181
Accrued payroll and compensation		8,763			10,726
Accrued interest payable		12,535			12,543
Accrued workers compensation		4,373			5,868
Accrued and other liabilities		16,801			18,443
Total current liabilities		89,999			106,761
LONG-TERM DEBT		330,183			324,133
DEFERRED INCOME TAXES		17,528			19,021
NON-CURRENT INCOME TAXES PAYABLE		8,367			8,211
OTHER POSTRETIREMENT BENEFIT PLAN LIABILITY		70,584			82,689
PENSION BENEFIT PLAN LIABILITY		20,687			56,438
OTHER LIABILITIES		12,545			15,690
COMMITMENTS AND CONTINGENCIES (Notes 11 and 16)		—			—
STOCKHOLDERS’ EQUITY :
Preferred Stock, $0.01 par value; 10,000,000 shares authorized		—			—
Common Stock, $0.01 par value; 80,000,000 shares authorized, 47,515,155 and 47,385,314 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively, and additional paid-in-capital		440,479			438,277
Accumulated other comprehensive loss		(18,712	)		(51,834	)
Accumulated deficiency		(359,883	)		(321,570	)
Total stockholders’ equity		61,884			64,873
TOTAL	$	611,777		$	677,816

See accompanying notes to consolidated financial statements.

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ACCURIDE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

	Year Ended December 31,
(In thousands, except per share data)	2013			2012			2011
NET SALES	$	642,883		$	794,634		$	804,537
COST OF GOODS SOLD		598,927			743,633			726,927
GROSS PROFIT		43,956			51,001			77,610
OPERATING EXPENSES:
Selling, general and administrative		45,188			56,499			56,883
Impairment of goodwill		—			62,839			—
Impairment of other intangibles		—			36,767			—
Impairment of property, plant and equipment		—			34,126			—
INCOME (LOSS) FROM OPERATIONS		(1,232	)		(139,230	)		20,727
OTHER INCOME (EXPENSE):
Interest expense, net		(35,027	)		(34,938	)		(34,097	)
Other income (loss), net		(320	)		(864	)		3,627
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS		(36,579	)		(175,032	)		(9,743	)
INCOME TAX PROVISION (BENEFIT)		(10,244	)		(1,657	)		7,761
LOSS FROM CONTINUING OPERATIONS		(26,335	)		(173,375	)		(17,504	)
DISCONTINUED OPERATIONS, NET OF TAX		(11,978	)		(4,632	)		473
NET LOSS	$	(38,313	)	$	(178,007	)	$	(17,031	)
Weighted average common shares outstanding—basic		47,548			47,378			47,277
Basic income (loss) per share – continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
Basic income (loss) per share – discontinued operations		(0.25	)		(0.10	)		0.01
Basic income (loss) per share	$	(0.81	)	$	(3.76	)	$	(0.36	)
Weighted average common shares outstanding—diluted		47,548			47,378			47,277
Diluted income (loss) per share – continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
Diluted income (loss) per share – discontinued operations		(0.25	)		(0.10	)		0.01
Diluted income (loss) per share	$	(0.81	)	$	(3.76	)	$	(0.36	)
OTHER COMPREHENSIVE INCOME (LOSS):
Defined benefit plans (Note 8)		49,879			(19,772	)		(27,922	)
Income tax benefit related to items of other comprehensive income		(16,757	)		2,360			2,061
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX		33,122			(17,412	)		(25,861	)
COMPREHENSIVE LOSS	$	(5,191	)	$	(195,419	)	$	(42,892	)

See accompanying notes to consolidated financial statements.

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ACCURIDE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(In thousands)	Common Stock and Additional Paid-in- Capital			Accumulated Other Comprehensive Income (Loss)			Accumulated Deficiency			Total Stockholders’ Equity
BALANCE at January 1,2011	$	433,192		$	(8,561	)	$	(126,532	)	$	298,099
Net loss		—			—			(17,031	)		(17,031	)
Share-based compensation expense		2,397			—			—			2,397
Other		(221	)		—			—			(221	)
Other comprehensive loss		—			(25,861	)		—			(25,861	)
BALANCE at January 1, 2012	$	435,368		$	(34,422	)	$	(143,563	)	$	257,383
Net loss		—			—			(178,007	)		(178,007	)
Share-based compensation expense		3,119			—			—			3,119
Tax impact of forfeited vested shares		(210	)		—			—			(210	)
Other comprehensive loss		—			(17,412	)		—			(17,412	)
BALANCE—January 1, 2013	$	438,277		$	(51,834	)	$	(321,570	)	$	64,873
Net loss		—			—			(38,313	)		(38,313	)
Share-based compensation expense		2,411			—			—			2,411
Tax impact of forfeited vested shares		(209	)		—			—			(209	)
Other comprehensive loss		—			33,122			—			33,122
BALANCE—December 31, 2013	$	440,479		$	(18,712	)	$	(359,883	)	$	61,884

See accompanying notes to consolidated financial statements.

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ACCURIDE CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)	Year Ended December 31,
	2013			2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(38,313	)	$	(178,007	)	$	(17,031	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation of property, plant and equipment		35,579			48,134			38,918
Amortization – deferred financing costs		2,684			2,759			2,759
Amortization – other intangible assets		8,750			10,981			12,360
Impairment of goodwill		—			62,839			—
Impairment of other intangible assets		—			36,767			—
Impairment of property, plant, and equipment		—			34,126			—
Loss related to discontinued operations		11,985			—			—
Gain related to discontinued operations		(2,000	)		—			—
Loss on disposal of assets		680			875			444
Provision for deferred income taxes		(13,035	)		(3,803	)		4,294
Non-cash stock-based compensation		2,411			3,119			2,397
Non-cash change in warrant liability		—			—			(3,971	)
Changes in certain assets and liabilities:
Receivables		(7,402	)		33,479			(29,287	)
Inventories		11,171			11,635			(25,916	)
Prepaid expenses and other assets		(6,639	)		256			(26,208	)
Accounts payable		6,865			(25,711	)		26,103
Accrued and other liabilities		(17,817	)		(9,419	)		13,601
Net cash provided by (used in) operating activities		(5,081	)		28,030			(1,537	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment		(38,855	)		(59,194	)		(58,371	)
Proceeds from sale of discontinued operations		32,000			1,000			40,738
Payments for acquisition, net of cash received		—			—			(22,381	)
Proceeds from sale leaseback transactions		14,944			—			—
Net cash provided by (used in) investing activities		8,089			(58,194	)		(40,014	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in revolving credit advance		25,000			—			20,000
Decrease in revolving credit advance		(20,000	)		—			—
Deferred financing fees		(1,333	)		—			—
Net cash provided by financing activities		3,667			—			20,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		6,675			(30,164	)		(21,551	)
CASH AND CASH EQUIVALENTS—Beginning of period		26,751			56,915			78,466
CASH AND CASH EQUIVALENTS—End of period	$	33,426		$	26,751		$	56,915
Supplemental cash flow information:
Cash paid for interest	$	32,011		$	31,822		$	31,113
Cash paid (received) for income taxes		2,219			225			(659	)
Cash paid for capital leases		3,155			698			375
Non-cash transactions:
Purchases of property, plant and equipment in accounts payable	$	3,227		$	13,074		$	8,443
Capital lease agreements		—			14,964			—

See accompanying notes to consolidated financial statements.

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ACCURIDE CORPORATION

For the years ended December 31, 2013, 2012, and 2011

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands unless otherwise noted, except share and per share data)

Note 1 – Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies

Nature of Operations – We are engaged primarily in the design, manufacture and distribution of components for trucks, trailers and certain military and construction vehicles. We sell our products primarily within North America and Latin America to original equipment manufacturers and to the aftermarket.

Basis of Presentation and Consolidation - The accompanying consolidated financial statements include the accounts of Accuride Corporation (the “Company”) and its wholly-owned subsidiaries, including Accuride Canada, Inc. (“Accuride Canada”), Accuride Erie L.P. (“Accuride Erie”), Accuride EMI, LLC (“Accuride Camden”),  Accuride de Mexico, S.A. de C.V. (“AdM”), AOT, Inc. (“AOT”), and Transportation Technologies Industries, Inc. (“TTI”). TTI’s subsidiaries include Brillion Iron Works, Inc. (“Brillion”) and Gunite Corporation (“Gunite”). All significant intercompany transactions have been eliminated. Certain operating results from prior periods have been reclassified to discontinued operations to reflect the sale of certain businesses.  See Note 2 “Discontinued Operations” for further discussion.

On June 20, 2011, the Company entered into, and consummated the acquisition contemplated by, an Asset Purchase Agreement (the “Agreement”), pursuant to which the Company’s subsidiary, Accuride EMI, LLC (“Buyer”), acquired substantially all of the assets and assumed certain liabilities of Forgitron Technologies LLC (“Seller”), a manufacturer and supplier of aluminum wheels for commercial vehicles. Pursuant to the Agreement, Buyer purchased the acquired assets for a purchase price of $22.4 million in cash. This acquisition included an 80,000 square foot forged aluminum wheel manufacturing facility in Camden, South Carolina (“Camden”) and is consistent with the Company’s planned capacity expansion of its core aluminum wheel product line.

On August 1, 2013, the Company announced the sale of substantially all of the assets, liabilities and business of its Imperial Group business to Wynnchurch Capital, Ltd. in partnership with Imperial Manufacturing, Inc. for $30.0 million, plus a contingent earn-out opportunity of up to $2.25 million.  The sale resulted in the recognition of a $12.0 million loss, including a $2.5 million impairment charge on the assets retained, on our consolidated statement of operations, which is reclassified within Discontinued Operations.  The sale included a working capital adjustment, plus a contingent payment of up to $2.25 million depending on Imperial’s financial performance during calendar years 2013-2015.  See Note 2 “Discontinued Operations” for further discussion.

Management’s Estimates and Assumptions – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition – Revenue from product sales is recognized upon shipment whereupon title passes and we have no further obligations to the customer. Provisions for discounts and rebates to customers, and returns and other adjustments are provided for as a reduction of sales in the same period the related sales are recorded.

Cash and Cash Equivalents – Cash and cash equivalents include all highly liquid investments with original maturities of three months or less. The carrying value of these investments approximates fair value due to their short maturity.

Inventories – Inventories are stated at the lower of cost or market. Cost for substantially all inventories is determined by the first-in, first-out method (“FIFO”). We review inventory on hand and write down excess and obsolete inventory based on our assessment of future demand and historical experience. We also recognize abnormal items as current-period charges. Fixed production overhead costs are based on the normal capacity of the production facilities.

Property, Plant and Equipment – Property, plant and equipment is recorded at cost and is depreciated using the straight-line method over their expected useful lives. Generally, buildings and improvements have useful lives of 15-40 years, and factory machinery and equipment have useful lives of 10 years.  Internal-use software is stated at cost less accumulated amortization and is amortized using the straight-line method over its estimated useful life of three years.  Software assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of

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the assets.  During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project.

Deferred Financing Costs – Costs incurred in connection with the ABL Credit Agreement and issuance of our senior secured notes (see Note 7) were originally deferred and are being amortized over the life of the related debt using the effective interest method.

Goodwill – Goodwill represents the excess of the reorganization value of the Company over the fair value of net tangible assets and identifiable assets and liabilities resulting from the fresh-start reporting. See Note 4 for further discussion.

Intangible Assets – Identifiable intangible assets consist of trade names, technology and customer relationships. Indefinite lived intangibles assets (trade names) are not amortized. The lives for the definite-lived intangibles assets are reviewed to ensure recoverability whenever events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. See Note 4 for further discussion.

Impairment – We evaluate our long-lived assets to be held and used and our amortizing intangible assets for impairment when events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. Impairment is determined by comparison of the carrying amount of the asset to the undiscounted net cash flows expected to be generated by the related asset group. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal.

Goodwill and our indefinite lived intangible assets (trade names) are reviewed for impairment annually or more frequently if impairment indicators exist. Impairment is determined for trade names by comparison of the carrying amount to the fair value, which is determined using an income approach (relief from royalty method). Impairment is determined for goodwill using the two-step approach. The first step is the estimation of fair value of each reporting unit, which is compared to the carrying value. If step one indicates that impairment potentially exists, the second step is performed to measure the amount of impairment, if any. Goodwill impairment exists when the implied fair value of goodwill is less than its carrying value.

Pension Plans – We have trusteed, non-contributory pension plans covering certain U.S. and Canadian employees. For certain plans, the benefits are based on career average salary and years of service and, for other plans, a fixed amount for each year of service. Our net periodic pension benefit costs are actuarially determined. Our funding policy provides that payments to the pension trusts shall be at least equal to the minimum legal funding requirements.

Postretirement Benefits Other Than Pensions – We have postretirement health care and life insurance benefit plans covering certain U.S. non-bargained and Canadian employees. We account for these benefits on an accrual basis and provide for the expected cost of such postretirement benefits accrued during the years employees render the necessary service. Our funding policy provides that payments to participants shall be at least equal to our cash basis obligation.

Postemployment Benefits Other Than Pensions – We have certain post-employment benefit plans, which provide severance benefits, covering certain U.S. and Canadian employees. We account for these benefits on an accrual basis.

Product Warranties – The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.  See Note 17 for a discussion of warranties.

Income Taxes – Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid. We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgments and estimates are required in determining the consolidated income tax expense.

Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. In projecting future taxable income, we begin with historical results, adjusted for the results of discontinued operations and changes in accounting policies, and incorporate assumptions including the amount of future state, federal and foreign pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax-planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates we are using to manage

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 the underlying businesses. In evaluating the objective evidence that historical results provide, we consider three years of cumulative operating income (loss).

We have concluded that it is more likely than not that we will not realize the benefits of certain deferred tax assets, totaling $99.6 million, for which we have provided a valuation allowance. See Note 9 for a discussion of valuation allowances.

We record uncertain tax positions on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (2) those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.  We also recognize accrued interest expense and penalties related to the unrecognized tax benefits as additional tax expense.

Research and Development Costs – Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and are reported as a component of operating expenses in the consolidated statements of operations and comprehensive income (loss). The amount expensed in the years ended December 31, 2013, 2012 and 2011 totaled $5.7 million, $6.6 million and $4.8 million, respectively.

Foreign Currency – The assets and liabilities of Accuride Canada and AdM that are receivable or payable in cash are converted at current exchange rates, and inventories and other non-monetary assets and liabilities are converted at historical rates. Revenues and expenses are converted at average rates in effect for the period. The functional currencies of Accuride Canada and AdM have been determined to be the U.S. dollar. Accordingly, gains and losses resulting from conversion of such amounts, as well as gains and losses on foreign currency transactions, are included in operating results as “Other income (loss), net.” For the years ended December 31, 2013, 2012, and 2011 we had aggregate net foreign currency losses of $0.6 million, $1.1 million and $0.1 million, respectively.

Concentrations of Credit Risk – Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents, customer receivables, and derivative financial instruments. We place our cash and cash equivalents and execute derivatives with high quality financial institutions. Generally, we do not require collateral or other security to support customer receivables.

Derivative Financial Instruments – We periodically use derivative instruments to manage exposure to foreign currency, commodity prices, and interest rate risks. We do not enter into derivative financial instruments for trading or speculative purposes. The derivative instruments used by us include interest rate, foreign exchange, and commodity price instruments. All derivative instruments are recognized on the consolidated balance sheet at their estimated fair value. As of December 31, 2013 and 2012, there were no derivatives.

Foreign Exchange Instruments – At December 31, 2013 and 2012, the notional amount of open foreign exchange forward contracts was $0.0 million and $1.3 million, respectively.

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Earnings Per Share – Earnings per share are calculated as net income (loss) divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus common stock equivalents outstanding during the year. Employee stock options outstanding to acquire 165,197 and 195,475 shares in 2013 and 2012 respectively, and warrants exercisable for 2,205,882 shares outstanding in 2011 were not included in the computation of diluted earnings per common share because the effect would be anti-dilutive.

	Years Ended December 31,
(In thousands except per share data)	2013			2012			2011
Numerator:
Net loss from continuing operations	$	(26,335	)	$	(173,375	)	$	(17,504	)
Net income (loss) from discontinued  operations		(11,978	)		(4,632	)		473
Net loss		(38,313	)		(178,007	)		(17,031	)
Denominator:
Weighted average shares outstanding – Basic		47,548			47,378			47,277
Weighted average shares outstanding - Diluted		47,548			47,378			47,277
Basic loss per common share:
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Basic loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)
Diluted loss per common share
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Diluted loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)

Stock Based Compensation – As described in Note 10, we maintain stock-based compensation plans which allow for the issuance of incentive stock options, or ISOs, as defined in section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), non-statutory stock options, restricted stock, restricted stock units, stock appreciation rights (“SARs”), deferred stock, dividend equivalent rights, performance awards and stock payments (referred to collectively as Awards), to officers, our key employees, and to members of the Board of Directors. We recognize compensation expense under the modified prospective method as a component of operating expenses.

On November 9, 2011, our Board of Directors adopted a Rights Agreement pursuant to which one purchase right was distributed as a dividend on each share of our common stock held of record as of the close of business on November 23, 2011. On November 7, 2012, our Board of Directors adopted an Amended and Restated Rights Agreement (the “Amended and Restated Rights Agreement”), which modified the Original Rights Agreement by extending the term of the Original Rights Agreement to November 9, 2015, subject to stockholder approval at our 2013 annual meeting of stockholders, and making certain other adjustments.  On December 19, 2012, our Board of Directors amended the Amended and Restated Rights Agreement by shortening the term to April 30, 2014, subject to stockholder approval at our 2013 annual meeting of stockholders.  Our stockholders ratified the Amended and Restated Rights Agreement at our 2013 Annual Meeting and the Rights plan will terminate on April 30, 2014.

Upon becoming exercisable, each right will entitle its holder to purchase from the Company one one-hundredth of a share of our Series A Junior Participating Preferred Stock for the purchase price of $30.00. Generally, the rights will become exercisable ten business days after the date on which any person or group becomes the beneficial owner of 20% or more of our common stock or has commenced a tender or exchange offer which, if consummated, would result in any person or group becoming the beneficial owner of 20% or more of our common stock, subject to the terms and conditions set forth in the rights agreement. The rights are attached to the certificates representing outstanding shares of common stock until the rights become exercisable, at which point separate certificates will be distributed to the record holders of our common stock. If a person or group becomes the beneficial owner of 20% or more of our common stock, which we refer to as an “acquiring person,” each right will entitle its holder, other than the acquiring person, to receive upon exercise a number of shares of our common stock having a market value of two times the purchase price of the right.

New Accounting Pronouncements

In February 2013, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)  2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date.  The objective of the amendments in this update is to provide guidance for the recognition,

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measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for those obligations addressed within existing guidance in U.S. GAAP.  The amendment requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and an additional amount the reporting entity expects to pay on behalf of its co-obligors.  The entity is required to disclose the nature and amount of the obligation as well as other information about those obligations.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-04 on the consolidated financial statements.

On July 18, 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  Topic 740 does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The objective of the amendments in this update is to eliminate that diversity in practice.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-11 on the consolidated financial statements.

Recent Accounting Adoptions

In December 2011, FASB issued ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The amendments in this update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. This update will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments. The requirements of this update are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities should provide the disclosures required retrospectively for all comparative periods presented. The Company adopted ASU 2011-11 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In July 2012, FASB issued ASU 2012-02, Testing Indefinite-Lived Intangible Assets for Impairment.  The objective of the amendments in this update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories.  The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted ASU 2012-02 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In January 2013, FASB issued ASU 2013-01, Balance Sheet (Topic 210):Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”). ASU 2013-01 contains no amendments to disclosure requirements. The amendments clarify that the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which introduced new disclosure requirements, applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013 and interim periods within those annual periods. Adoption of this new guidance did not have a material impact on the Company’s financial statements as these updates have an impact on presentation only.

In February 2013, FASB issued ASU 2013-02, Comprehensive Income.  The objective of the amendments in this update is to improve the reporting of reclassifications out of accumulated other comprehensive income.  The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income.  For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts.  The amendments are effective prospectively for reporting periods beginning after December 15, 2012.  The Company adopted ASU 2013-02 on January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

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Note 2 – Discontinued Operations

On August 1, 2013, the Company announced that it completed the sale of substantially all of the assets of its Imperial Group business to Imperial Group Manufacturing, Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30.0 million at closing, plus a contingent earn-out opportunity of up to $2.25 million.  The sale was effective as of 11:59 p.m. on July 31, 2013.  The sale resulted in recognition of a $12.0 million loss for the year ended December 31, 2013, which has been reclassified to discontinued operations.

Pursuant to the provisions of the purchase agreement, subject to certain limited exceptions, the purchaser purchased from Imperial all equipment, inventories, accounts receivable, deposits, prepaid expenses, intellectual property, contracts, real property interests, transferable permits and other intangibles related to the business and assumed Imperial’s trade and vendor accounts payable and performance obligations under those contracts included in the purchased assets.  The real property interests acquired by the purchaser include ownership of three plants located in Decatur, Texas, Dublin, Virginia and Chehalis, Washington and a leasehold interest in a plant located in Denton, Texas.  Imperial retained ownership of its real property located in Portland, Tennessee and included a $2.5 million impairment charge for this property in the loss on sale.   The Company leased such property to the purchaser under a two-year lease, with the option to renew the lease for one additional year.  Rent under the lease is fixed at $75,000 per year.

On January 31, 2011, substantially all of the assets, liabilities and business of our Bostrom Seating subsidiary were sold to a subsidiary of Commercial Vehicle Group, Inc. for approximately $8.8 million and resulted in recognition of a $0.3 million loss on our consolidated statements of operations and comprehensive income (loss) in the twelve months ended December 31, 2011, which have been reclassified to discontinued operations. Of the purchase price, $1.0 million was placed into a one year escrow securing the indemnification obligations of Bostrom to Commercial Vehicle Group, Inc. During the year ended December 31, 2012, the escrow was terminated and the Company received the full balance of $1.0 million from the escrow.

On September 26, 2011, the Company announced the sale of its wholly-owned subsidiary, Fabco Automotive Corporation (“Fabco”) to Fabco Holdings, Inc., a new company formed and capitalized by Wynnchurch Capital, Ltd. in partnership with Stone River Capital Partners, LLC. The sale concluded for a purchase price of $35.0 million, subject to a working capital adjustment, plus a contingent payment from the purchasers of up to $2.0 million depending on Fabco’s financial performance during calendar year 2012 which the Company received in 2013. The Company recognized a loss of $6.3 million, including $2.1 million in transactional fees, related to the sale transaction during the twelve months ended December 31, 2011, which is included as a component of discontinued operations.

In connection with these transactions, we have reclassified current and prior period operating results, including the gain/loss on the sale transactions, to discontinued operations. In addition, the Company has also reclassified certain operating results and the loss on sale transaction for Brillion Farm, which had previously been concluded as immaterial, to discontinued operations as well.

The following table presents sales and income from operations attributable to Imperial, Fabco, Bostrom Seating and Brillion Farm.

	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales	$	70,965		$	135,137		$	155,883
Income (loss) from operations		(1,758	)		(4,061	)		6,877
Other Income (Expense)		1,765			—			(31	)
Income tax provision (benefit)		—			—			(353	)
Loss on sale		(11,985	)		(571	)		(6,726	)
Discontinued operations	$	(11,978	)	$	(4,632	)	$	473

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The loss related to the sale of Imperial as of July 31, 2013 was as follows:

(In thousands)
Proceeds from sale	$	30,000
Accounts receivable		12,478
Inventories	10,692
Prepaid expenses and other current assets	63
Property, plant, and equipment	21,868
Accounts payable	(8,672		)
Net assets sold		36,429
Impairment of real estate		2,540
Other accrued fees and expenses		3,016
Net loss from sale	$	(11,985	)

Note 3 – Inventories

Inventories at December 31, 2013 and 2012, on a FIFO basis, were as follows:

(In thousands)	December 31, 2013		December 31, 2012
Raw materials	$	7,483	$	15,731
Work in process		12,996		13,168
Finished manufactured goods		18,850		32,293
Total inventories	$	39,329	$	61,192

Note 4 - Goodwill and Other Intangible Assets

The Company performs its annual assessment for impairment of goodwill at November 30 for all reporting units and tests these balances more frequently if indicators are present or changes in circumstances suggest that impairment may exist.  The estimates and assumptions underlying the fair value calculations used in the Company’s annual impairment tests are uncertain by their nature and can vary significantly from actual results.  Factors that management must estimate include, but are not limited to, industry and market conditions, sales volume and pricing, raw material costs, capital expenditures, working capital changes, cost of capital, and tax rates.  These factors are especially difficult to predict when U.S. and global financial markets are volatile. The estimates and assumptions used in its impairment tests are consistent with those the Company uses in its internal planning. These estimates and assumptions may change from period to period.  If the Company uses different estimates and assumptions in the future, impairment charges may occur and could be material.

In performing the test on goodwill, the Company utilizes the two-step approach.  The first step under this guidance requires a comparison of the carrying value of the reporting units, of which the Company has identified three in total, to the fair value of these reporting units.  The Company uses the income approach to determine the fair value of each reporting unit and the guideline company market value approach.  The income approach calculates fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting these after-tax cash flows to a present value using a risk-adjusted discount rate.  If the carrying value of a reporting unit exceeds its fair value, the Company performs the second step of the goodwill impairment test to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test compares the implied fair value of a reporting unit’s goodwill to its carrying value.  

When we evaluate goodwill for impairment using a quantitative assessment, we compare the fair value of each reporting segment to its carrying value. We determine the fair value using an income approach and a guideline company market value approach. Under the income approach, we calculate the fair value of a reporting unit based on the present value of estimated future cash flows using growth rates and discount rates that are consistent with current market conditions in our industry.  If the fair value of the reporting unit exceeds the carrying value of the net assets including goodwill assigned to that unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then we determine the implied fair value of the reporting unit’s goodwill. If the carrying value of the reporting unit’s goodwill exceeds its implied fair value, then an impairment of goodwill has occurred and we recognize an impairment loss for the difference between the carrying amount and the implied fair value of goodwill as a component of operating income.

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At November 30, 2013, we evaluated the value of the goodwill and indefinite lived intangibles and determined there were no impairment indicators.

At November 30, 2012, as a result of business developments in the Gunite reporting unit, including a loss of customer market share, evidence of declining aftermarket sales, overall reduced production levels of the commercial vehicle market, operating losses for the past several years, and recent declines in the Company’s stock price to an amount below book value, the Gunite reporting unit failed the step one goodwill impairment test.  As of December 31, 2012 the Company estimated the fair value of the Gunite reporting unit utilizing a discounted cash flow model as the Company believes it is the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed resulting in the Company recognizing goodwill impairment charges of $62.8 million.  The Wheels and Brillion reporting units both passed the Step One test.

The Company determines the fair value of other indefinite lived intangible assets, primarily trade names, using the relief-from-royalty method, an income based approach. The approach calculates fair value by applying royalty rates to the after tax cash flows attributable to the asset, and then discounting these after tax cash flows to a present value using a risk-adjusted discount rate. The calculated fair value is compared to the carrying value to determine if any impairment exists.  Significant Level 3 inputs included in the valuation of trade names include the selected royalty rate and discount rate.

If events or circumstances change, a determination is made by management to ascertain whether certain finite-lived intangibles such as customer relationships and technology have been impaired based on the sum of expected future undiscounted cash flows from operating activities. If the estimated net cash flows are less than the carrying amount of such assets, an impairment loss is recognized in an amount necessary to write down the assets to fair value as determined from expected future discounted cash flows.

At November 30, 2013, we evaluated the value of the finite-lived intangible assets and determined there were no impairment indicators.

At November 30, 2012, we performed a recoverability test of the Gunite’s finite-lived intangible assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the finite-lived intangible assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of customer relationships, the multi-period excess earnings method was used.  This method is based on the concept that cash flows attributable to the assets analyzed are available after deducting costs associated with the business as well as a return on the assets employed in the generation of the cash flows.  Significant Level 3 inputs for this valuation model include determining the attrition rate associated with customer revenues, contributory asset charges and required rates of return on tangible and intangible assets, as well as a discount rate for the cash flows.  To determine the fair value of technology, the relief-from-royalty method described above was used.  In applying this method to technology, significant Level 3 inputs include determining the technology obsolescence rate, a royalty rate, and an appropriate discount rate.

As a result of the fair value measurements for Gunite’s trade names, customer relationships and technology, the Company recorded an impairment charge of these intangible assets totaling $36.8 million for the year ended December 31, 2012.

 The following represents the carrying amount of goodwill, on a reportable segment basis:

(In thousands)	Wheels		Gunite			Brillion Iron Works		Total
Balance as of December 31, 2011	$	96,283	$	62,839		$	4,414	$	163,536
Impairment loss		—		(62,839	)		—		(62,839	)
Balance as of December 31, 2012	$	96,283	$	—		$	4,414	$	100,697
Balance as of December 31, 2013	$	96,283	$	—		$	4,414	$	100,697

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The changes in the carrying amount of other intangible assets for the period December 31, 2011 to December 31, 2013 by reportable segment for the Company, are as follows:

(In thousands)	Wheels			Gunite			Brillion Iron Works			Corporate			Total
Balance as of December 31, 2011	$	138,575		$	38,968		$	2,997		$	809		$	181,349
Additions		—			—			—			580			580
Impairment loss		—			(36,768	)		—			—			(36,768	)
Amortization		(7,907	)		(2,200	)		(164	)		(710	)		(10,981	)
Balance as of December 31, 2012	$	130,668		$	—		$	2,833		$	679		$	134,180
Additions		—			—			—			—			—
Amortization		(7,904	)		—			(167	)		(679	)		(8,750	)
Impairment loss		—			—			—			—			—
Balance as of December 31, 2013	$	122,764		$	—		$	2,666		$	—		$	125,430

The summary of goodwill and other intangible assets is as follows:

			As of December 31, 2013						As of December 31, 2012
(In thousands)	Weighted Average Useful Lives		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount
Goodwill		—	$	100,697	$	—	$	100,697	$	100,697	$	—	$	100,697
Other intangible assets:
Non-compete agreements		1.7	$	1,552	$	1,552	$	—	$	1,552	$	873	$	679
Trade names		—		25,200		—		25,200		33,200		8,000		25,200
Technology		10.0		38,849		20,497		18,352		38,849		17,547		21,302
Customer relationships		19.9		129,093		47,215		81,878		129,093		42,094		86,999
			$	194,694	$	69,264	$	125,430	$	202,694	$	68,514	$	134,180

We estimate that aggregate intangible asset amortization expense for the Company will be approximately $8.1 million in 2014 and approximately $8.1 million in 2015 through 2018.

Note 5 – Assets Held for Sale

At December 31, 2013, assets totaling $1.3 million were classified as held for sale.  The assets consisted of a building and land related to the Elkhart, IN facility that our Gunite business exited in 2012.  The sale of these assets was completed on February 24, 2014, net proceeds totaled $1.1 million.

Note 6 - Property, Plant and Equipment

Property, plant and equipment at December 31, 2013 and 2012 consist of the following:

(In thousands)	2013		2012
Land and land improvements	$	16,124	$	19,959
Buildings		63,242		62,605
Machinery and equipment		259,697		293,251
Property, plant and equipment, gross		339,063		375,815
Less: accumulated depreciation		119,439		108,438
Property, plant and equipment, net	$	219,624	$	267,377

Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $35.6 million, $48.1 million and $38.9 million, respectively.

In 2012, the Company considered the impact of business developments in its Gunite reporting unit, including a loss of customer market share and evidence of declining aftermarket sales.  In addition to the concerns with our Gunite business,

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the Company had also experienced a decline in its stock price to an amount below then current book value.   These events triggered a long-lived asset impairment analysis for Gunite.

We performed a recoverability test of the Gunite’s long-lived assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the long lived assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of real and personal property, the market approach and cost approach were considered.  The income approach was not considered as we concluded it not feasible to allocate or attribute income to individual assets given our asset group determination to be the Gunite reporting unit.  Under the cost approach, the determination of fair value considered the estimates of the cost to replace or reproduce assets of equal utility at current prices with adjustments in value for physical deterioration and functional obsolescence based on the condition of the assets. Under the market approach, the determination of fair value considered the market prices in transactions for similar assets and certain direct market values based on quoted prices from brokers and market professionals.  For real estate, we concluded that the market approach was the most appropriate valuation method.  For buildings, we concluded that the cost approach was the most appropriate valuation method.  For personal property, we concluded that the cost approach, adjusted for an in-exchange or salvage premise, was the most appropriate method for determining fair value.

Significant Level 3 inputs for real estate and building measurements included location of the property, zoning, physical deterioration, functional obsolescence and external obsolescence.  Significant Level 3 inputs for personal property included physical deterioration, functional obsolescence and economic obsolescence.

As a result of our fair value estimates, we adjusted the carrying amount of the Gunite’s personal property to fair value and recorded asset impairment charges of $34.1 at December 31, 2012.  These charges were reported in Impairment of property, plant and equipment.  The fair value estimates for the Gunite personal property were based on a valuation premise that assumes the assets’ highest and best use are different than their current use as a result of lower volume demands for Gunite’s products due to the loss of customers in 2012, reduced production levels in the commercial vehicle market, and its declining aftermarket segments in North America.

Note 7 - Debt

As of December 31, 2013, total debt was $330.2 million consisting of $305.2 million of our outstanding 9.5% senior secured notes, net of discount and a $25.0 million draw on our ABL facility. As of December 31, 2012, total debt was $324.1 million consisting of $304.1 million of our outstanding 9.5% senior secured notes, net of discount and a $20.0 million draw on our ABL facility.

The following table represents the average interest rate and average amount outstanding under our ABL facility as of the year ended December 31, 2013 and 2012:

	Average interest  rate for period ending						Average amount outstanding for period ending
	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,		Year Ended December 31,
(In thousands)	2013			2012			2013		2012
ABL Facility		3.70	%		4.15	%	$	38,180	$	20,000

On July 11, 2013, we entered into the New ABL Facility and used $45.3 million of borrowings under the New ABL Facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility and to pay related fees and expenses.

Our debt consists of the following:

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·   ABL Credit Agreement —On July 29, 2010, we entered into our Prior ABL Facility, which was a senior secured asset based revolving credit facility, in an aggregate principal amount of up to $75.0 million, with the right to increase the availability under the facility by up to $25.0 million in the aggregate.  On February 7, 2012, we exercised our option to increase the loan commitments under the Prior ABL Facility by $25.0 million (for a total aggregate availability of $100.0 million) by entering into an asset-backed loan (ABL) incremental agreement.  The Prior ABL Facility would have matured on July 29, 2014 and provided for loans and letters of credit in an aggregate amount up to the amount of the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $25.0 million to be available for the issuance of letters of credit.   Loans under the Prior ABL Facility bore interest at an annual rate equal to, at our option, either LIBOR plus 3.50% or Base Rate plus 2.75%, subject to changes based on our leverage ratio as defined in the Prior ABL Facility.  We were also required to pay a commitment fee equal to 0.50% per annum to the lenders under the Prior ABL Facility if utilization under the facility exceeded 50.0% of the total commitments under the facility and a commitment fee equal to 0.75% per annum if utilization under the facility was less than or equal to 50.0% of the total commitments under the facility. Customary letter of credit fees were also payable as necessary.  The obligations under the Prior ABL Facility are secured by (i) first priority liens on substantially all of the Company’s accounts receivable and inventories, subject to certain exceptions and permitted liens (the “ABL Priority Collateral”) and (ii) second priority liens on substantially all of the Company’s owned real property and tangible and intangible assets other than the ABL Priority Collateral, including all of the outstanding capital stock of our domestic subsidiaries, subject to certain exceptions and permitted liens (the “Notes Priority Collateral”).

On July 11, 2013, we entered into the New ABL Facility and used $45.3 million of borrowings under the New ABL Facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility and to pay related fees and expenses.

The New ABL Facility is a senior secured asset based credit facility in an aggregate principal amount of up to $100.0 million, consisting of a $90.0 million revolving credit facility and a $10.0 million first-in last-out term facility, with the right, subject to certain conditions, to increase the availability under the facility by up to $50.0 million in the aggregate. The New ABL Facility currently matures on July 11, 2018, which may be extended pursuant under certain circumstances pursuant to the terms of the New ABL Facility.

The New ABL Facility provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $20.0 million for letters of credit.  Borrowings under the New ABL Facility bear interest through maturity at a variable rate based upon, at our option, either LIBOR or the base rate (which is the greatest of one-half of 1.00% in excess of the federal funds rate, 1.00% in excess of the one-month LIBOR rate and the Agent’s prime rate), plus, in each case, an applicable margin.  The applicable margin for loans under the first-in last-out term facility that are (i) LIBOR loans ranges, based on the our average excess availability, from 2.75% to 3.25% per annum and (ii) base rate loans ranges, based on our average excess availability, from 1.00% to 1.50%.  The applicable margin for other advances under the New ABL Facility that are (i) LIBOR loans ranges, based on our average excess availability, from 1.75% to 2.25% and (ii) base rate loans ranges, based on our average excess availability, from 0.00% to 0.50%.

We must also pay an unused line fee equal to 0.25% per annum to the lenders under the New ABL Facility if utilization under the facility is greater than or equal to 50.0% of the total available commitments under the facility and a commitment fee equal to 0.375% per annum if utilization under the facility is less than 50.0% of the total available commitments under the facility. Customary letter of credit fees are also payable, as necessary.

The obligations under the New ABL Facility are secured by (i) first-priority liens on the ABL Priority Collateral substantially and (ii) second-priority liens on the Notes Priority Collateral.  The New ABL Facility is a senior secured asset based credit facility in an aggregate principal amount of up to $100.0 million, consisting of a $90.0 million revolving credit facility and a $10.0 million first-in last-out term facility, with the right, subject to certain conditions, to increase the availability under the facility by up to $50.0 million in the aggregate. The New ABL Facility currently matures on the earlier of (i) July 11, 2018 or (ii) 90 days prior to the maturity date of the Company’s 9.5% first priority senor security notes due on August 1, 2018, which may be extended pursuant under certain circumstances pursuant to the terms of the New ABL Facility.

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·   9.5% Senior Secured Notes — On July 29, 2010, we issued $310.0 million aggregate principal amount of senior secured notes. Under the terms of the indenture governing the senior secured notes, the senior secured notes bear interest at a rate of 9.5% per year, paid semi-annually in February and August, and mature on August 1, 2018. Prior to maturity we may redeem the senior secured notes on the terms set forth in the indenture governing the senior secured notes. The senior secured notes are guaranteed by the Guarantors (see Note 17), and the senior secured notes and the related guarantees are secured by first priority liens on the Notes Priority Collateral and second priority liens on the ABL Priority Collateral. Associated with the issuance of the senior secured notes, we recorded a discount of $8.4 million, which is being amortized over the life of the notes as a component of interest expense.

Restrictive Debt Covenants. Our credit documents(the ABL facility and the indentures governing the senior secured notes) contain operating covenants that limit the discretion of management with respect to certain business matters. These covenants place significant restrictions on, among other things, the ability to incur additional debt, to pay dividends, to create liens, to make certain payments and investments and to sell or otherwise dispose of assets and merge or consolidate with other entities. In addition, the ABL facility contains a financial covenant which requires us to maintain a fixed charge coverage ratio , which is when the excess availability is less than 10 percent of the total commitment under the ABL facility. Due to the amount of our excess availability (as calculated under the ABL facility), the Company is not currently in a compliance period and, we do not have to maintain a fixed charge coverage ratio, although this is subject to change.

Note 8 - Pension and Other Postretirement Benefit Plans

We have funded noncontributory employee defined benefit pension plans that cover U.S. and Canadian employees (the “plans”) who meet eligibility requirements. Employees covered under the U.S. salaried plan, who were hired prior to 2006, are eligible to participate upon the completion of one year of service and benefits are determined by their cash balance accounts, which are based on interest allocations they earned each year and pay allocations earned for years prior to 2009. Employees covered under the Canadian salaried plan are eligible to participate upon the completion of two years of service and benefits are based upon career average salary and years of service. Employees who are covered under the hourly plans are generally eligible to participate at the time of employment and benefits are generally based on a fixed amount for each year of service. U.S. employees are vested in the plans after five years of service; Canadian hourly employees are vested after two years of service. We use a December 31 measurement date for all of our plans.

In addition to providing pension benefits, we also have certain unfunded health care and life insurance programs for U.S. non-bargained and Canadian employees who meet certain eligibility requirements. These benefits are provided through contracts with insurance companies and health service providers. The coverage is provided on a non-contributory basis for certain groups of employees and on a contributory basis for other groups.

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Obligations and Funded Status:

	Pension Benefits						Other Benefits
	Year Ended December 31,						Year Ended December 31,
(In thousands)	2013			2012			2013			2012
Change in benefit obligation:
Benefit obligation—beginning of period	$	259,706		$	234,247		$	87,125		$	80,876
Service cost		1,156			1,785			528			478
Interest cost		10,320			11,198			3,467			3,999
Actuarial losses (gains)		(12,102	)		25,532			(10,801	)		4,644
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(8,074	)		3,401			(1,325	)		558
Curtailment		—			(804	)		—			—
Plan amendment		—			—			(539	)		—
Incurred retiree drug subsidy reimbursements		—			—			172			170
Plan participant’s contributions		155			—			384			506
Benefit obligation—end of period	$	232,901		$	259,706		$	74,933		$	87,125
Accumulated benefit obligation	$	232,208		$	259,015		$	—		$	—
Change in plan assets:
Fair value of assets—beginning of period	$	203,268		$	183,447		$	—		$	—
Actual return on plan assets		33,625			21,166			—			—
Employer contributions		9,539			11,153			3,694			3,600
Plan participant’s contributions		155			—			384			506
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(7,620	)		3,155			—			—
Fair value of assets—end of period		220,707			203,268			—			—
Reconciliation of funded status:
Unfunded status	$	(12,194	)	$	(56,438	)	$	(74,933	)	$	(87,125	)
Amounts recorded in the consolidated balance sheets:
Prepaid benefit cost	$	8,493		$	—		$	—		$	—
Accrued benefit liability		(20,687	)		(56,438	)	$	(74,933	)	$	(87,125	)
Accumulated other comprehensive loss (income)		15,201			53,420			(5,292	)		6,370
Net amount recognized	$	3,007		$	(3,018	)	$	(80,225	)	$	(80,755	)
Amounts recorded in AOCI in the following fiscal year:
Amortization of prior service (credit) cost	$	44					$	(35	)
Amortization of net (gain)/loss		201						322
Total amortization	$	245					$	287

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Components of Net Periodic Benefit Cost:

Pension Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	1,156		$	1,785		$	1,571
Interest cost on projected benefit obligation		10,320			11,198			12,266
Expected return on plan assets		(11,726	)		(11,800	)		(12,936	)
Prior service cost (net)		44			44			44
Other amortization (net)		2,607			1,035			59
Total benefits cost charged to income	$	2,401		$	2,262		$	1,004
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	(1,035	)	$	(59	)
Prior service (credit) cost		—			—			—
Amortization of prior service (credit) cost		(44	)		(44	)		(44	)
Change in net actuarial (gain) loss		(35,568	)		16,052			28,073
Amortization of net actuarial valuation (gain) loss		(2,607	)		—			—
Amounts recognized in other comprehensive income		(38,219	)		14,973			27,970
Amounts recognized in total benefits charged to income and other comprehensive income	$	(35,818	)	$	17,235		$	28,974

Other Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	528		$	478		$	452
Interest cost on projected benefit obligation		3,467			3,999			4,401
Prior service cost (net)		—			—			—
Other amortization (net)		114			(34	)		(103	)
Total benefits cost charged to income	$	4,109		$	4,443		$	4,750
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	35		$	103
Change in net actuarial (gain) loss		(11,660	)		4,764			(151	)
Amounts recognized in other comprehensive income		(11,660	)		4,799			(48	)
Amounts recognized in total benefits charged to income and other comprehensive income	$	(7,551	)	$	9,242		$	4,702

Actuarial Assumptions:

Assumptions used to determine benefit obligations as of December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.77	%		4.19	%		4.85	%		4.20	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A

Assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.19	%		4.89	%		4.20	%		4.91	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A
Expected long-term rate of return on assets		6.08	%		6.35	%		N/A			N/A

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The expected long-term rate of return on assets is determined primarily by looking at past performance. In addition, management considers the long-term performance characteristics of the asset mix.

Assumed health care cost trend rates at December 31 were as follows:

	2013			2012
Health care cost trend rate assumed for next year		7.63	%		8.08	%
Rate to which the cost trend rate is assumed to decline		4.82	%		4.82	%
Year that the rate reaches the ultimate trend rate		2022			2022

The health care cost trend rate assumption has a significant effect on the amounts reported. A one-percentage point change in assumed health care cost trend rates would have the following effects on 2013:

	1-Percentage- Point Increase		1-Percentage- Point Decrease
Effect on total of service and interest cost	$	646	$	(865	)
Effect on postretirement benefit obligation	$	8,995	$	(7,463	)

Plan Assets:

Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2013, are presented in the table below. Our pension plan assets were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.  Our level 1 plan assets are value using active trading prices as listed in the New York stock exchange and the Toronto stock exchange. Our level 2 plan assets are securities for which the market is not considered to be active and are valued via the use of observable inputs, which may include, among others, the use of adjusted market prices last available, bids or last available sales prices and/or other observable inputs. Our assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and their placement within the fair value hierarchy levels. For more information on a description of the fair value hierarchy, see Note 13.

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	8,314		$	—		$	—		$	8,314			4	%
Equity securities:
U.S. large-cap		21,639			—			—			21,639			10	%
U.S. mid-cap		—			6,840			—			6,840			3	%
U.S. small-cap		—			3,399			—			3,399			2	%
U.S. indexed		—			18,954			—			18,954			9	%
Canadian large-cap		27,574			—			—			27,574			12	%
Canadian mid-cap		11,263			—			—			11,263			5	%
Canadian small-cap		—			—			—			—			—	%
Large growth		—			11,659			—			11,659			5	%
Pooled equities		10,775			3,271			—			14,046			6	%
International markets		—			26,545			—			26,545			12	%
Fixed income securities:
Government bonds		11,185			10,754			—			21,939			10	%
Corporate bonds		25,684			22,851			—			48,535			22	%
Total assets at fair value	$	116,434		$	104,273		$	—		$	220,707			100	%
% of fair value hierarchy		53	%		47	%		—	%		100	%

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In the fair value presentation below, we changed certain securities from Level 1 to Level 2 as it was determined that these investments are priced with observable inputs rather than quoted market prices in an active market. Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2012, are presented in the following table:

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	6,088		$	—		$	—		$	6,088			3	%
Equity securities:
U.S. large-cap		12,787			9,045			—			21,832			11	%
U.S. mid-cap		7,582			5,946			—			13,528			7	%
U.S. small-cap		123			2,978			—			3,101			1	%
U.S. indexed		—			15,705			—			15,705			8	%
Canadian large-cap		24,450			—			—			24,450			12	%
Canadian mid-cap		8,228			—			—			8,228			4	%
Canadian small-cap		3,173			—			—			3,173			1	%
Large growth		—			9,563			—			9,563			5	%
Pooled equities		—			2,833			—			2,833			1	%
International markets		—			26,235			—			26,235			13	%
Fixed income securities:
Government bonds		9,750			9,916			—			19,666			10	%
Corporate bonds		27,794			21,072			—			48,866			24	%
Total assets at fair value	$	99,975		$	103,293		$	—		$	203,268			100	%
% of fair value hierarchy		49	%		51	%		—	%		100	%

Our investment objectives are (1) to maintain the purchasing power of the current assets and all future contributions; (2) to maximize return within reasonable and prudent levels of risk; (3) to maintain an appropriate asset allocation policy that is compatible with the actuarial assumptions, while still having the potential to produce positive real returns; and (4) to control costs of administering the plan and managing the investments.

Our desired investment result is a long-term rate of return on assets that is at least a 5% real rate of return, or 5% over inflation as measured by the Consumer Price Index for the U.S. plans. The target rate of return for the plans have been based upon the assumption that future real returns will approximate the long-term rates of return experienced for each asset class in our investment policy statement. Our investment guidelines are based upon an investment horizon of greater than five years, so that interim fluctuations should be viewed with appropriate perspective. Similarly, the Plans’ strategic asset allocation is based on this long-term perspective.

We believe that the Plans’ risk and liquidity posture are, in large part, a function of asset class mix. Our investment committee has reviewed the long-term performance characteristics of various asset classes, focusing on balancing the risks and rewards of market behavior. Based on this and the Plans’ time horizon, risk tolerances, performance expectations and asset class preferences, the following two strategic asset allocations were derived for our U.S. plans.

Asset allocation for our Accuride Retirement Plan and Erie Hourly Pension Plan:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		11	%		20	%
Growth		10	%		13	%		20	%
Index-Passive		15	%		20	%		25	%
Domestic Small Cap Equities		2	%		10	%		10	%
International Equities		5	%		11	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%

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Asset allocation for remainder of our U.S. plans:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		10	%		20	%
Growth		10	%		10	%		20	%
Index-Passive		5	%		10	%		15	%
Domestic Mid Cap Equities		5	%		10	%		15	%
International Equities		5	%		13	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%
Money Market		1	%		5	%		10	%

The allocation of the fund is reviewed periodically. Should any of the strategic allocations extend beyond the suggested lower or upper limits, a portfolio rebalance may be appropriate.

While we use the same methodologies to manage the Canadian plans, the primary objective is to achieve a minimum rate of return of Consumer Price Index plus 3 over 4-year moving periods, and to obtain total fund rates of return that are in the top third over 4-year moving periods when compared to a representative sample of Canadian pension funds with similar asset mix characteristics. The asset mix for the Canadian pension fund is targeted as follows:

	Minimum			Maximum
Total Equities		40	%		65	%
Foreign Equities		0	%		50	%
Bonds and Mortgages		25	%		50	%
Short-Term		0	%		15	%

Cash Flows—We expect to contribute approximately $14.3 million to our pension plans and $4.4 million to our other postretirement benefit plans in 2014. Pension and postretirement benefits (which include expected future service) are expected to be paid out of the respective plans as follows:

(In thousands)	Pension Benefits		Other Benefits
2014	$	14,061	$	4,524
2015	$	13,522	$	4,621
2016	$	14,093	$	4,769
2017	$	14,129	$	4,942
2018	$	14,390	$	4,941
2019 – 2023 (in total)	$	75,315	$	25,554

Other Plans—We also provide a 401(k) savings plan and a retirement contribution plan for substantially all U.S. salaried employees. Expenses recognized for the years ended December 31, 2013, 2012, and 2011 $1.3 million, $1.4 million, and $3.3 million, respectively.

Note 9 – Income Taxes

The components of income (loss) from continuing operations before income taxes, categorized based on the location of the taxing authorities were as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
United States	$	(46,121	)	$	(177,894	)	$	(19,368	)
Foreign		9,542			2,862			9,625
Loss from continuing operations	$	(36,579	)	$	(175,032	)	$	(9,743	)

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The income tax provisions (benefits) are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Current:
Federal	$	157		$	313		$	215
State		(10	)		400			(9	)
Foreign		2,644			1,433			2,907
		2,791			2,146			3,113
Deferred:
Federal		(10,694	)		(43,749	)		(5,035	)
State		—			(19	)		(5,878	)
Foreign		(687	)		(2,232	)		(195	)
Valuation allowance		(1,654	)		42,197			15,756
		(13,035	)		(3,803	)		4,648
Total provision (benefit)	$	(10,244	)	$	(1,657	)	$	7,761

A reconciliation of the U.S. statutory tax rate to our effective tax rate (benefit) is as follows:

	Years Ended December 31,
	2013			2012			2011
Statutory tax rate		(35.0	)%		(35.0	)%		(35.0	)%
State and local income taxes		0.0			0.2			(60.4	)
Incremental foreign tax (benefit)		(2.1	)		(0.1	)		(7.1	)
Change in valuation allowance		8.8			23.6			161.8
Goodwill impairment		—			12.3			—
Change in liability for unrecognized tax benefits		0.2			(0.5	)		9.6
Other items—net		0.1			(1.4	)		10.8
Effective tax rate		(28.0	)%		(0.9	)%		79.7	%

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Deferred income tax assets and liabilities comprised the following at December 31:

(In thousands)	2013			2012
Deferred tax assets:
Postretirement and postemployment benefits	$	23,837		$	27,208
Accrued liabilities, reserves and other		3,563			10,219
Debt transaction and refinancing costs		2,650			2,498
Inventories		1,628			2,340
Accrued compensation and benefits		3,331			3,008
Worker’s compensation		1,599			1,999
Pension benefit		6,529			18,108
State income taxes		1,674			1,442
Tax credits		3,717			3,728
Indirect effect of unrecognized tax benefits		2,298			2,243
Loss carryforwards		95,000			74,357
Valuation allowance		(99,594	)		(101,248	)
Total deferred tax assets		46,232			45,902
Deferred tax liabilities:
Asset basis and depreciation		(11,403	)		(9,475	)
Intangible assets		(48,048	)		(45,805	)
Total deferred tax liabilities		(59,451	)		(55,280	)
Net deferred tax liability		(13,219	)		(9,378	)
Current deferred tax asset		3,806			4,591
Long-term deferred tax asset		503			5,052
Long-term deferred income tax asset (liability)—net	$	(17,528	)	$	(19,021	)

The Company has recorded a deferred tax asset reflecting a benefit of $81.3 million of federal loss carryforwards and $13.7 million of state loss carryforwards as of December 31, 2013. As a result of bankruptcy the Company underwent an ownership change that subjects these losses to limitations pursuant to IRS Code Section 382. As a result of this limitation, a portion of the carryforwards may expire before being applied to reduce future income tax liabilities. These deferred tax assets will expire beginning 2014 through 2033. We have deferred tax assets for additional state tax credits which will expire beginning 2017 through 2025. We also have recorded deferred tax assets for federal tax credits which will expire beginning 2031. Realization of deferred tax assets is dependent upon taxable income within the carryforward periods available under the applicable tax laws. Although realization of deferred tax assets in excess of deferred tax liabilities is not certain, management has concluded that it is more likely than not the Company will realize the full benefit of deferred tax assets in foreign jurisdictions. However, during 2012 and 2013, management has concluded that it is more likely than not that we will not realize the full benefit of our U.S. federal and state deferred tax assets due to three cumulative years of net losses and changes of management’s estimate of future earnings, and recorded a valuation allowance against the amounts that are not likely to be recognized as of 2012 and 2013. For the period ended December 31, 2013, the valuation allowance decreased by $1.7 million, which is attributable to $3.2 million increase from continuing operations, a $4.4 million increase from discontinued operations, and a $9.3 million decrease related to attributes that have no effect on the Company’s effective tax rate. For the period ended December 31, 2012, the valuation allowance increased by $45.9 million, of which $42.2 million was attributable to continuing operations, and $3.7 million was attributable to OCI.

Income tax expense or benefit from continuing operations is generally determined without regard to other categories of earnings, such as discontinued operations and OCI. An exception is provided in ASC 740 when there is aggregate income from categories other than continuing operations and a loss from continuing operations in the current year. In this case, the tax benefit allocated to continuing operations is the amount by which the loss from continuing operations reduces the tax expenses recorded with respect to the other categories of earnings, even when a valuation allowance has been established against the deferred tax assets. In instances where a valuation allowance is established against current year losses, income from other sources, including unrealized gains from pension and post-retirement benefits recorded as a component of OCI, is considered when determining whether sufficient future taxable income exists to realize the deferred tax assets. As a result, for the year ended December 31, 2013, the Company recorded a tax expense of $12.6 million in OCI related to the unrealized gains on pension and post-retirement benefits, and recorded a corresponding tax benefit of $12.6 million in continuing operations.

On September 13, 2013, the U.S. Treasury Department released final income tax regulations on the deduction and capitalization of expenditures related to tangible property. These final regulations apply to tax years beginning on or after January 1, 2014. Several of the provisions within the regulations will require tax accounting method changes to be filed with the IRS, resulting in a cumulative effect adjustment. The estimated tax impact of these accounting method changes increases

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current deferred tax assets in the amount of $4.2 million, with a corresponding increase in long-term deferred income tax liabilities, and has been reflected in the consolidated balance sheet as of December 31, 2013.

No provision has been made for U.S. income taxes related to undistributed earnings of our Canadian foreign subsidiary that we intend to permanently reinvest in order to finance capital improvements and/or expand operations either through the expansion of the current operations or the purchase of new operations. At December 31, 2013, Accuride Canada had $15.6 million of cumulative retained earnings. The Company distributes earnings for the Mexican foreign subsidiary and expects to distribute earnings annually. Therefore, deferred tax liabilities are recorded for undistributed earnings and profits.    For 2012 and 2013, there are no undistributed earnings of our Mexican foreign subsidiary.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Balance at beginning of the period	$	4,640		$	7,033		$	6,184
Additions based on tax positions related to the current year		5			4			161
Additions for tax positions of prior years		—			—			818
Reductions for tax positions of prior years		—			(800	)		—
Removal of penalties and interest		—			—			—
Reductions due to lapse of statute of limitations		(1,119	)		(1,597	)		(130	)
Settlements with taxing authorities		—			—			—
Balance at end of period	$	3,526		$	4,640		$	7,033

The total amount of unrecognized tax benefits that would, if recognized, impact the effective income tax rate was approximately $3.4 million as of December 31, 2013. Also included in the balance of unrecognized tax benefits is $0.1 million of tax benefits that, if recognized, would affect other tax accounts.

We also recognize accrued interest expense and penalties related to the unrecognized tax benefits as additional tax expense, which is consistent with prior periods. The total amount of accrued interest and penalties was $3.6 million and $1.5 million respectively, as of December 31, 2013. An increase in interest of $0.2 million was recognized in 2013. The total amount of accrued interest and penalties was approximately $3.5 million and $1.4 million, respectively, as of December 31, 2012.

As of December 31, 2013, we were open to examination in the U.S. federal tax jurisdiction for the 2010-2012 tax years, in Canada for the years of 2005-2012, and in Mexico for the years of 2007-2012. We were also open to examination in various state and local jurisdictions for the 2009-2012 tax years, none of which were individually material. Tax years 2007 - 2009 in the U.S. federal tax jurisdiction, and 1998-2008 in various state and local jurisdictions, remain open subject to the future utilization of net operating losses generated in those years. We believe that our accrual for tax liabilities is adequate for all open audit years. This assessment relies on estimates and assumptions and may involve a series of complex judgments about future events.

The Company is not currently under any U.S. federal, state or local or non-U.S. income tax examinations and therefore does not anticipate significant increases or decreases in its remaining unrecognized tax benefits within the next twelve months.

Note 10 – Stock-Based Compensation Plans

On May 18, 2010, the Company authorized and granted 182,936 shares of Common Stock for issuance pursuant to individual restricted stock unit agreements with employees of the Company. The awards granted on May 18, 2010 vested in installments of 33%, 33%, and 34% over a three year period on the anniversary date of the grant, subject to continued service to the company. On August 3, 2010, the Company authorized and granted 55,790 shares of Common Stock for issuance pursuant to individual restricted stock unit agreements with directors of the Company. The awards granted on August 3, 2010 have vesting dates of March 1, 2011 and March 1, 2014 where 30,429 and 25,361 shares will vest and be issued, respectively, subject to continued service to the company.

In August 2010, we adopted the Accuride Corporation 2010 Incentive Award Plan (the “2010 Incentive Plan”) and reserved 1,260,000 shares of Common Stock for issuance under the plan, plus such additional shares of Common Stock that

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the plan administrator deemed necessary to prevent unnecessary dilution upon issuance of shares pursuant to terms of our convertible notes due 2020, up to a maximum number shares of Common Stock such that the total number of shares available for issuance under the 2010 Incentive Plan would not exceed ten percent (10%) of the fully diluted shares outstanding from time to time calculated by adding the total shares issued and outstanding at any given time plus the number of shares issued upon conversion of any of the convertible notes at the time of such conversion. During 2010, we effectively converted all outstanding convertible notes to equity, and we subsequently amended the 2010 Incentive Plan to reserve 3,500,000 shares of Common Stock, for issuance under the 2010 Incentive Plan.

Service Options – In August, 2012, we granted stock options to certain officers and other key employees as consideration for service. Options granted generally vest ratably over a three year period and have 10-year contractual terms. The table below summarizes service option activity during the year ended December 31, 2013:

	Number of Options			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period	Aggregate Intrinsic Value
Service options outstanding at December 31, 2012		195,475		$	—
Granted		—			—
Exercised		—			—
Forfeited		(30,278	)		8.00
Service options outstanding at December 31, 2013		165,197		$	8.00	1.1 years	—
Service options vested or expected to vest		165,197		$	8.00	1.1 years	—
Service options exercisable at December 31, 2013		—		$	—	—	—

There is no intrinsic value on service options outstanding due to the closing price on December 31, 2013 being lower than the strike price of the options.

Restricted Stock Units (“RSUs”) – We grant RSUs to certain officers and other key employees as consideration for service. The table below summarizes RSU activity during the year ended December 31, 2013:

	Number of RSUs			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period
RSUs unvested at December 31, 2012		664,509		$	9.97
Granted		599,810			5.37
Vested		(196,922	)		10.35
Forfeited		(179,439	)		7.31
RSUs unvested at December 31, 2013		887,958		$	7.28	1.5 years
RSUs expected to vest		705,747		$	7.33	1.5 years

As of December 31, 2013, there was approximately $2.1 million of unrecognized pre-tax compensation expense related to share-based awards not yet vested that will be recognized over a weighted-average period of 1.5 years. The fair market value of our vested shares and shares expected to vest as of December 31, 2013 was $0.7 million and $2.2 million, respectively.

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Compensation expense for share-based compensation programs was recognized as a component of operating expenses as follows:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Share-based compensation expense recognized	$	2,411	$	3,119	$	2,397

In determining the estimated fair value of our share-based awards as of the grant date, we used the Black-Scholes option-pricing model with the assumptions illustrated in the table below:

	For the Year Ended December 31,
	2012
Expected Dividend Yield	0.0%
Expected Volatility in Stock Price	56.4%
Risk-Free Interest Rate	0.9%
Expected Life of Stock Awards	6.0 years
Weighted-Average Fair Value at Grant Date	$4.19

The expected volatility is based upon volatility of our common stock that has been traded for a period. The expected term of options granted is derived from historical exercise and termination patterns, and represents the period of time that options granted are expected to be outstanding. The risk-free rate used is based on the published U.S. Treasury yield curve in effect at the time of grant for instruments with a similar life. The dividend yield is based upon the most recently declared quarterly dividend as of the grant date.

Note 11 – Commitments

We lease certain plant, office space, and equipment for varying periods. Management expects that in the normal course of business, expiring leases will be renewed or replaced by other leases. Purchase commitments related to fixed assets at December 31, 2013 and 2012 totaled $4.4 million and $4.3 million, respectively. Capital lease commitments totaled $13.6 million and $16.9 million in 2013 and 2012 respectively. Rent expense for the years ended December 31, 2013, 2012, and 2011, was $3.5 million, $4.5 million, and $4.5 million respectively. Future minimum lease payments for all non-cancelable operating leases having a remaining term in excess of one year at December 31, 2013, are as follows:

(In thousands)
2014	$	4,007
2015	3,694
2016	3,616
2017	3,199
2018	1,691
Thereafter	756
Total	$	16,963

Note 12 – Segment Reporting

Based on our continual monitoring of the long-term economic characteristics, products and production processes, class of customer, and distribution methods of our operating segments, we have identified each of our operating segments below as reportable segments. We believe this segmentation is appropriate based upon operating decisions and performance assessments by our President and Chief Executive Officer, who is our chief operating decision maker. The accounting policies of the reportable segments are the same as described in Note 1, “Significant Accounting Policies”.

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	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales to external customers:
Wheels	$	364,614		$	414,340		$	406,587
Gunite		168,988			221,974			251,113
Brillion Iron Works		109,281			158,320			146,837
Consolidated total	$	642,883		$	794,634		$	804,537
Operating income (loss):
Wheels	$	30,883		$	44,928		$	57,864
Gunite		2,599			(151,940	)		(1,785	)
Brillion Iron Works		1,027			11,969			2,301
Corporate / Other		(35,741	)		(44,187	)		(37,653	)
Consolidated total	$	(1,232	)	$	(139,230	)	$	20,727

Current and prior period operating results from Imperial Group were reclassified to discontinued operations during the year ended December 31, 2013.  Current and prior period operating results from Bostrom Seating, Fabco Automotive, and Brillion Farm were reclassified to discontinued operations during the year ended December 31, 2011. The reconciling item between operating income and income (loss) before income taxes from continuing operations includes net interest expense, other income (loss), and restructuring items. The reconciling item for years ended December 31, 2013, 2012, and 2011 was ($35.3) million, ($35.8) million and ($30.5) million, respectively. Excluded from net sales above, are inter-segment sales from Brillion Iron Works to Gunite, as shown in the table below:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Inter-segment sales	$	15,987	$	26,405	$	33,425

	As of
(In thousands)	December 31, 2013		December 31, 2012
Total assets:
Wheels	$	452,271	$	486,118
Gunite		55,016		54,707
Brillion Iron Works		52,547		51,435
Imperial Group		—		49,189
Corporate / Other		51,943		36,367
Consolidated total	$	611,777	$	677,816

Geographic Information—Net sales are attributed to geographic areas based on the country in which the product is sold. Our operations in the United States, Canada, and Mexico are summarized below:

For Year Ended Dec. 31, 2013	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	512,777	$	77	$	19,680	$	—		$	532,534
Sales to unaffiliated customers—export		109,940		—		409		—			110,349
Total	$	622,717	$	77	$	20,089	$	—		$	642,883
Long-lived assets	$	759,793	$	31,291	$	11,137	$	(339,712	)	$	462,509

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For Year Ended Dec. 31, 2012	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	665,479	$	14	$	22,854	$	—		$	678,347
Sales to unaffiliated customers—export		114,980		—		1,307		—			116,287
Total	$	770,459	$	14	$	24,161	$	—		$	794,634
Long-lived assets	$	816,599	$	26,880	$	11,335	$	(339,712	)	$	515,102

For the Year Ended Dec. 31, 2011	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	658,353	$	1,948	$	20,164	$	—		$	680,465
Sales to unaffiliated customers—export		123,087		—		1,045		—			124,132
Total	$	781,440	$	1,948	$	21,209	$	—		$	804,537
Long-lived assets	$	930,154	$	37,119	$	10,062	$	(348,622	)	$	628,713

The information for each of our geographic regions included sales to each of the three major customers in 2013 that each exceed 10% of total net sales. Sales to those customers are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Customer one	$	91,886	14.3	%	$	123,459	15.5	%	$	155,266	19.3	%
Customer two	90,624		14.1	%	101,895		12.8	%	101,167		12.6	%
Customer three	59,749		9.3	%	64,855		8.2	%	63,457		7.9	%
	$	242,259	37.7	%	$	290,209	36.5	%	$	319,890	39.8	%

Sales by product grouping are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Wheels	$	364,614	57	%	$	414,340	52	%	$	406,587	51	%
Wheel-end components and assemblies	168,988		26	%	221,974		28	%	251,113		31	%
Ductile and gray iron castings	109,281		17	%	158,320		20	%	146,837		18	%
	$	642,883	100	%	$	794,634	100	%	$	804,537	100	%

Note 13 – Financial Instruments

We have determined the estimated fair value amounts of financial instruments using available market information and other appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. A fair value hierarchy accounting standard exists for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and our own assumptions (unobservable inputs). Determining which category an asset or liability falls within the hierarchy requires significant judgment.

The hierarchy consists of three levels:

Level 1	Quoted market prices in active markets for identical assets or liabilities;
Level 2	Inputs other than Level 1 inputs that are either directly or indirectly observable; and
Level 3	Unobservable inputs developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

The carrying amounts of cash and cash equivalents, trade receivables, and accounts payable approximate fair value because of the relatively short maturity of these instruments. The fair value of our 9.5% senior secured notes are based on market quotes, which we determined to be Level 1 inputs, at December 31, 2013 was approximately $306.9 million compared to the carrying amount of $305.2 million. The fair value of our 9.5% senior secured notes based on

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market quotes, which we determined to be Level 1 inputs, at December 31, 2012 was approximately $310.00 million compared to the carrying amount of $304.1 million. The Company believes the fair value of the outstanding borrowings of our ABL facility at December 31, 2013 and 2012 equals the carrying value of $25.0 million and $20.0 million, respectively. As of December 31, 2013 and 2012 we had no other remaining significant financial instruments.

See Note 4, “Goodwill and Other Intangible Assets”, and Note 6, “Property, Plant and Equipment”, for a description of significant Level 3 inputs used in development of fair value of nonfinancial assets during the year ended December 31, 2013.

Note 14 – Quarterly Data (unaudited)

The following tables set forth certain quarterly income statement information for the years ended December 31, 2013 and 2012:

	2013
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	162,987		$	179,941		$	155,264		$	144,691		$	642,883
Cost of goods sold		156,709			161,235			144,994			135,989			598,927
Gross profit		6,278			18,706			10,270			8,702			43,956
Operating expenses		11,075			12,747			10,995			10,371			45,188
Income (loss) from operations		(4,797	)		5,959			(725	)		(1,669	)		(1,232	)
Interest expense, net		(8,694	)		(9,157	)		(8,711	)		(8,465	)		(35,027	)
Other income (loss), net		145			(441	)		546			(570	)		(320	)
Income tax provision (benefit)		1,409			1,464			(495	)		(12,622	)		(10,244	)
Income (Loss) from continuing operations		(14,755	)		(5,103	)		(8,395	)		1,918			(26,335	)
Discontinued operations, net of tax		(1,192	)		(259	)		(10,220	)		(307	)		(11,978	)
Net income (loss)	$	(15,947	)	$	(5,362	)	$	(18,615	)	$	1,611		$	(38,313	)
Basic income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)
Diluted income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)

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	2012
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	229,317		$	229,487		$	187,255		$	148,575		$	794,634
Cost of goods sold		206,725			204,332			181,259			151,317			743,633
Gross profit		22,592			25,155			5,996			(2,742	)		51,001
Operating expenses		14,862			15,286			13,809			146,274			190,231
Income from operations		7,730			9,869			(7,813	)		(149,016	)		(139,230	)
Interest expense, net		(8,745	)		(8,658	)		(8,921	)		(8,614	)		(34,938	)
Other income, net		157			(436	)		815			(1,400	)		(864	)
Income tax provision (benefit)		1,597			1,339			(106	)		(4,487	)		(1,657	)
Income (loss) from continuing operations		(2,455	)		(564	)		(15,813	)		(154,543	)		(173,375	)
Discontinued operations, net of tax		(494	)		(277	)		(1,866	)		(1,995	)		(4,632	)
Net income (loss)	$	(2,949	)	$	(841	)	$	(17,679	)	$	(156,538	)	$	(178,007	)
Basic income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)
Diluted income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)

Note 15 – Valuation and Qualifying Accounts

The following table summarizes the changes in our valuation and qualifying accounts:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	549		$	676		$	1,640
Charges(credits) to cost and expense		139			267			618
Recoveries		89			(277	)		22
Write offs		(366	)		(117	)		(1,604	)
Balance—end of period	$	259		$	549		$	676

Note 16 - Contingencies

We are from time to time involved in various legal proceedings of a character normally incidental to our business. We do not believe that the outcome of these proceedings will have a material adverse effect on our consolidated financial condition or results of our operations and cash flows.

In addition to environmental laws that regulate our ongoing operations, we are also subject to environmental remediation liability. Under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and analogous state laws, we may be liable as a result of the release or threatened release of hazardous materials into the environment regardless of when the release occurred. We are currently involved in several matters relating to the investigation and/or remediation of locations where we have arranged for the disposal of foundry wastes. Such matters include situations in which we have been named or are believed to be potentially responsible parties in connection with the contamination of these sites. Additionally, environmental remediation may be required to address soil and groundwater contamination identified at certain of our facilities.

As of December 31, 2013, we had an environmental reserve of approximately $1.5 million, related primarily to our foundry operations. This reserve is based on management’s review of potential liabilities as well as cost estimates related thereto. Any expenditures required for us to comply with applicable environmental laws and/or pay for any remediation efforts will not be reduced or otherwise affected by the existence of the environmental reserve. Our environmental reserve may not be adequate to cover our future costs related to the sites associated with the environmental reserve, and any additional costs may have a material adverse effect on our business, results of operations or financial condition. The discovery of additional environmental issues, the modification of existing laws or regulations or the promulgation of new

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ones, more vigorous enforcement by regulators, the imposition of joint and several liability under CERCLA or analogous state laws, or other unanticipated events could also result in a material adverse effect.

The Iron and Steel Foundry National Emission Standard for Hazardous Air Pollutants (“NESHAP”) was developed pursuant to Section 112(d) of the Clean Air Act and requires major sources of hazardous air pollutants to install controls representative of maximum achievable control technology. Based on currently available information, we do not anticipate material costs regarding ongoing compliance with the NESHAP; however if we are found to be out of compliance with the NESHAP, we could incur liability that could have a material adverse effect on our business, results of operations or financial condition.

At the Erie, Pennsylvania, facility, we have obtained an environmental insurance policy to provide coverage with respect to certain environmental liabilities.

Management does not believe that the outcome of any environmental proceedings will have a material adverse effect on our consolidated financial condition or results of operations.

As of December 31, 2013, we had approximately 2,056 employees, of which 491 were salaried employees with the remainder paid hourly. Unions represent approximately 1,335 of our employees, which is approximately 65 percent of our total employees. Each of our unionized facilities has a separate contract with the union that represents the workers employed at such facility. The union contracts expire at various times over the next few years with the exception of our union contract that covers the hourly employees at our Monterrey, Mexico, facility, which expires on an annual basis in January unless otherwise renewed. The 2014 negotiations in Monterrey were successfully completed prior to the expiration of our union contract. In 2012, we extended the labor contract at our London, Ontario facility through March 2018.  In 2013, we successfully negotiated our collective bargaining agreement at our Brillion, Wisconsin facility, extending that agreement through June, 2018.

In 2014, we have collective bargaining agreements expiring at our Erie, Pennsylvania and Rockford, Illinois facilities.  We do not anticipate that our 2014 negotiations will have a material adverse effect on our operating performance or cost.

Note 17 – Product Warranties

The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.

Estimated standard warranty costs are recorded in the period in which the related product sales occur. The warranty liability recorded at each balance sheet date in other current liabilities reflects the estimated number of months of warranty coverage outstanding for products delivered times the average of historical monthly warranty payments, as well as additional amounts for certain major warranty issues that exceed a normal claims level. We had a campaign related to automatic slack adjusters manufactured by our Gunite business unit, and recognized a charge of $0.7 million in 2011 as a component of operating expenses. During 2011, our Gunite business unit experienced a brake drum quality issue and we recognized charges of $2.5 million as a component of operating expenses to contain the issue and protect our customers.

The following table summarizes product warranty activity recorded for years ended December 31, 2013, 2012 and 2011:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	294		$	797		$	3,701
Provision for new warranties		249			568			4,047
Payments		(258	)		(1,071	)		(5,752	)
Sale of certain assets and liabilities		16			—			(1,199	)
Balance—end of period	$	301		$	294		$	797

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Note 18—Guarantor and Non-guarantor Financial Statements

Our senior secured notes are, jointly and severally, fully and unconditionally guaranteed, on a senior basis, by all of our existing and future 100% owned domestic subsidiaries (“Guarantor Subsidiaries”). The non-guarantor subsidiaries are our foreign subsidiaries and discontinued operations. The following condensed financial information illustrates the composition of the combined Guarantor Subsidiaries:

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31, 2013
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
ASSETS
Cash and cash equivalents	$	31,018	$	—		$	2,408		$	—		$	33,426
Accounts and other receivables, net		97,382		19,955			60,538			(118,355	)		59,520
Inventories		16,858		20,759			2,022			(310	)		39,329
Other current assets		7,159		4,357			5,477			—			16,993
Total current assets		152,417		45,071			70,445			(118,665	)		149,268
Property, plant, and equipment, net		80,286		103,800			35,538			—			219,624
Goodwill		96,283		4,414			—			—			100,697
Intangible assets, net		122,764		2,666			—			—			125,430
Investments in and advances to subsidiaries and affiliates		128,059		—			—			(128,059	)		—
Other non-current assets		5,971		1,791			8,996			—			16,758
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	12,092	$	28,215		$	7,220			—		$	47,527
Accrued payroll and compensation		1,604		5,776			1,383			—			8,763
Accrued interest payable		12,535		—			—			—			12,535
Accrued and other liabilities		112,164		22,705			4,970		$	(118,665	)		21,174
Total current liabilities		138,395		56.696			13,573			(118,665	)		89,999
Long term debt		330,183		—			—			—			330,183
Deferred and non-current income taxes		36,970		(19,108	)		(334	)		—			17,528
Other non-current liabilities		18,348		75,769			18,066			—			112,183
Stockholders’ equity		61,884		44,385			83,674			(128,059	)		61,884
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777

	December 31, 2012
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Total
ASSETS
Cash and cash equivalents	$	24,084	$	—		$	2,667	$	—		$	26,751
Accounts and other receivables, net		36,107		18,403			40,713		(30,627	)		64,596
Inventories		19,563		24,528			17,681		(580	)		61,192
Other current assets		7,231		1,727			1,217		—			10,175
Total current assets		86,985		44,658			62,278		(31,207	)		162,714
Property, plant, and equipment, net		93,990		110,894			62,493		—			267,377
Goodwill		96,283		4,414			—		—			100,697
Intangible assets, net		131,347		2,833			—		—			134,180
Investments in and advances to subsidiaries and affiliates		95,875		—			—		(95,875	)		—
Other non-current assets		14,066		586			5,099		(6,903	)		12,848
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	14,809	$	26,999		$	17,373		—		$	59,181
Accrued payroll and compensation		1,241		7,203			2,282		—			10,726
Accrued interest payable		12,543		—			—		—			12,543
Accrued and other liabilities		9,061		41,531			4,926	$	(31,207	)		24,311
Total current liabilities		37,654		75,733			24,581		(31,207	)		106,761
Long term debt		324,133		—			—		—			324,133
Deferred and non-current income taxes		73,410		(39,830	)		555		(6,903	)		27,232
Other non-current liabilities		18,476		106,671			29,670		—			154,817
Stockholders’ equity		64,873		20,811			75,064		(95,875	)		64,873
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	Year ended December 31, 2013
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	429,175		$	288,220		$	132,776		$	(207,288	)	$	642,883
Cost of goods sold		403,996			277,955			123,535			(206,559	)		598,927
Gross profit		25,179			10,265			9,241			(729	)		43,956
Operating expenses		43,118			1,747			323			—			45,188
Income from operations		(17,939	)		8,518			8,918			(729	)		(1,232	)
Other income (expense):
Interest expense, net		(35,664	)		(800	)		1,437			—			(35,027	)
Equity in earnings of subsidiaries		11,786			—			—			(11,786	)		—
Other income (expense), net		(259	)		222			(283	)		—			(320	)
Income (loss) before income taxes from continuing operations		(42,076	)		7,940			10,072			(12,515	)		(36,579	)
Income tax (benefit)		(3,763	)		(8,438	)		1,957			—			(10,244	)
Income (loss) from continuing operations		(38,313	)		16,378			8,115			(12,515	)		(26,335	)
Discontinued operations, net of tax		—			—			(11,978	)		—			(11,978	)
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Comprehensive income (loss)	$	(5,191	)	$	32,012		$	10,044		$	(42,056	)	$	(5,191	)

	Year ended December 31, 2012
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	438,350		$	398,662		$	146,620		$	(188,998	)	$	794,634
Cost of goods sold		420,062			371,192			141,377			(188,998	)		743,633
Gross profit		18,288			27,470			5,243			—			51,001
Operating expenses		16,384			173,557			290			—			190,231
Income from operations		1,904			(146,087	)		4,953			—			(139,230	)
Other income (expense):
Interest expense, net		(34,672	)		(239	)		(27	)		—			(34,938	)
Equity in earnings of subsidiaries		(147,264	)		—			—			147,264			—
Other income (expense), net		1,167			243			(2,274	)		—			(864	)
Income (loss) before income taxes from continuing operations		(178,865	)		(146,083	)		2,652			147,264			(175,032	)
Income tax provision (benefit)		(858	)		—			(799	)		—			(1,657	)
Income (loss) from continuing operations		(178,007	)		(146,083	)		3,451			147,264			(173,375	)
Discontinued operations, net of tax		—			—			(4,632	)		—			(4,632	)
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Comprehensive income (loss)	$	(195,419	)	$	(153,548	)	$	(8,663	)	$	162,211		$	(195,419	)

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Table of Contents 

	Year Ended December 31, 2011
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	432,934		$	388,641		$	147,236		$	(164,274	)	$	804,537
Cost of goods sold		374,709			378,352			138,140			(164,274	)		726,927
Gross profit		58,225			10,289			9,096			—			77,610
Operating expenses		46,748			9,795			340			—			56,883
Income from operations		11,477			494			8,756			—			20,727
Other income expense:
Interest expense, net		(33,475	)		(275	)		(347	)		—			(34,097	)
Equity in earnings of subsidiaries		(27,772	)		—			—			27,772			—
Other income (expense), net		37,788			3,298			(37,459	)		—			3,627
Income (loss) before income taxes from continuing operations		(11,982	)		3,517			(29,050	)		27,772			(9,743	)
Income tax provision (benefit)		5,049			—			2,712			—			7,761
Income (loss) from continuing operations		(17,031	)		3,517			(31,762	)		27,772			(17,504	)
Discontinued operations, net of tax		—			—			473			—			473
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Comprehensive income (loss)	$	(42,892	)	$	(10,646	)	$	(39,443	)	$	50,089		$	(42,892	)

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Table of Contents 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year ended December 31, 2013
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,503			19,584			5,492			—			35,579
Amortization – deferred financing costs		2,684			—			—			—			2,684
Amortization – other intangible assets		8,583			167			—			—			8,750
(Gain) loss on disposal of assets		761			176			11,150			—			12,087
Deferred income taxes		(3,910	)		(8,438	)		(687	)		—			(13,035	)
Non-cash stock-based compensation		2,411			—			—			—			2,411
Equity in earnings of subsidiaries and affiliates		(12,205	)		—			—			12,205			—
Change in other operating items		77,131			(53,546	)		(39,139	)		310			(15,244	)
Net cash provided by (used in) operating activities		47,645			(25,679	)		(27,047	)		—			(5,081	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(15,283	)		(19,573	)		(3,999	)		—			(38,855	)
Proceeds from notes receivable		(73,047	)		(185,927	)		(39,204	)		298,178			—
Payment on notes receivable		29,207			187,368			37,991			(254,566	)		—
Other		14,944			—			32,000			—			46,944
Net cash provided by (used in) investing activities		(44,179	)		(18,132	)		26,788			43,612			8,089
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment on notes payable		(245,359	)		(29,207	)		—			254,566			(20,000	)
Proceeds from notes payable		250,131			73,047			—			(298,178	)		25,000
Other		(1,333	)		—			—			—			(1,333	)
Net cash provided by financing activities		3,439			43,840			—			(43,612	)		3,667
Increase (decrease) in cash and cash equivalents		6,905			29			(259	)		—			6,675
Cash and cash equivalents, beginning of period		24,113			(29	)		2,667			—			26,751
Cash and cash equivalents, end of period	$	31,018		$	—		$	2,408		$	—		$	33,426

	Year ended December 31, 2012
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and impairment		10,493			159,067			12,306			—			181,866
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,616			2,365			—			—			10,981
(Gain) loss on disposal of assets		(1,950	)		2,718			107			—			875
Deferred income taxes		(1,571	)		—			(2,232	)		—			(3,803	)
Non-cash stock-based compensation		3,119			—			—			—			3,119
Equity in earnings of subsidiaries and affiliates		147,264			—			—			(147,264	)
Change in other operating items		35,877			(20,193	)		(5,444	)		—			10,240
Net cash provided by (used in) operating activities		26,600			(2,126	)		3,556			—			28,030
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(25,152	)		(24,200	)		(9,842	)		—			(59,194	)
Other		(37,823	)		28,844			9,979			—			1,000
Net cash provided by (used in) investing activities		(62,975	)		4,644			137			—			(58,194	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Other		8,910			—			(8,910	)		—			—
Net cash provided by financing activities		8,910			—			(8,910	)		—			—
Increase (decrease) in cash and cash equivalents		(27,465	)		2,518			(5,217	)		—			(30,164	)
Cash and cash equivalents, beginning of period		51,578			(2,547	)		7,884			—			56,915
Cash and cash equivalents, end of period	$	24,113		$	(29	)	$	2,667		$	—		$	26,751

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Table of Contents 

	Year Ended December 31, 2011
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,717			20,802			7,399			—			38,918
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,767			2,614			979			—			12,360
Loss on disposal of assets		(11,461	)		(957	)		12,862			—			444
Deferred income taxes		4,842			—			(548	)		—			4,294
Non-cash stock-based compensation		2,397			—			—			—			2,397
Equity in earnings of subsidiaries and affiliates		27,772			—			—			(27,772	)		—
Non-cash change in warrant liability		(3,971	)								—			(3,971	)
Change in other operating items		(35,831	)		15,603			(21,479	)		—			(41,707	)
Net cash provided by (used in) operating activities		(11,040	)		41,579			(32,076	)		—			(1,537	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(10,115	)		(42,249	)		(6,007	)		—			(58,371	)
Other		(22,381	)		—			40,738			—			18,357
Net cash provided by (used in) investing activities		(32,496	)		(42,249	)		34,731			—			(40,014	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in revolving credit advance		20,000			—			—			—			20,000
Net cash provided by (used in) financing activities		20,000			—			—			—			20,000
Increase (decrease) in cash and cash equivalents		(23,536	)		(670	)		2,655			—			(21,551	)
Cash and cash equivalents, beginning of period		75,114			(1,877	)		5,229			—			78,466
Cash and cash equivalents, end of period	$	51,578		$	(2,547	)	$	7,884		$	—		$	56,915

Note 19 – Changes in Accumulated Other Comprehensive Income (Loss) by Component

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan				Post Retirement Plan				Total
Accumulated other comprehensive loss as of December 31, 2012		$	(46,166	)		$	(5,668	)		$	(51,834	)
Amounts reclassified from accumulated other comprehensive income (loss)			25,737				7,385				33,122
Accumulated other comprehensive income (loss) as of December 31, 2013		$	(20,429	)		$	1,717			$	(18,712	)

Reclassifications out of Accumulated Other Comprehensive Income:

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan			Post Retirement Plan			Total
Amortization of Pension and Postretirement Plan items
Prior service costs	$	44		$	539		$	583	(a)
Actuarial gain		35,568			11,007			44,574	(a)
Amortization of net actuarial gain		2,607			114			2,722	(a)
Total before tax		38,219			11,660			49,879
Tax (expense) benefit		(12,481	)		(4,276	)		(16,757	)
Total reclassified for the period	$	25,738		$	7,384		$	33,122

(a)   These accumulated other comprehensive income components are included in the computation of net periodic pension and post retirement plan costs.  See Pension footnote, Note 8, for additional details.

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EX-21.1

(a)   Exhibit 21.1

SUBSIDIARIES OF ACCURIDE CORPORATION

Subsidiary	Jurisdiction of Incorporation
Accuride Canada, Inc.	Canada (Ontario)
Accuride Cuyahoga Falls, Inc.	Delaware
Accuride de Mexico, S.A. de C.V. (1)	Mexico
Accuride Distributing, LLC	Delaware
Accuride Erie, L.P.	Delaware
Accuride Henderson Limited Liability Company	Delaware
Accuride EMI, LLC	Delaware
AKW General Partner, L.L.C.	Delaware
AOT, Inc.	Delaware
Erie Land Holding, Inc	Delaware
Transportation Technologies Industries, Inc. (2)	Delaware

(1)   Accuride de Mexico S.A. de C.V.’s subsidiaries include Accuride Monterrey, S. de R.L de C.V. and Accuride del Norte, S.A. de C.V. (all of which are incorporated in Mexico).

(2)   TTI’s subsidiaries include Truck Components Inc., Gunite Corporation, Brillion Iron Works, Inc., Bostrom Holdings, Inc., Bostrom Seating, Inc., Bostrom Specialty Seating, Inc., Imperial Group Holding Corp. -1, Imperial Group Holding Corp. -2, JAII Management Company, IG Holdings, L.P., and Bostrom Mexico, S.A. de C.V.

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statement Nos. 333-168507 and 333-166923 on Form S-8 of our report dated March 6, 2014, relating to the consolidated financial statements of Accuride Corporation and subsidiaries (the “Company”), and the effectiveness of the Company’s internal control over financial reporting, appearing in this Annual Report on Form 10-K of Accuride Corporation and subsidiaries for the year ended December 31, 2013.

/s/ DELOITTE & TOUCHE LLP
Indianapolis, Indiana

March 6, 2014

EX-31.1

Exhibit 31.1

Certification Pursuant to Section 302 of the Sarbanes Oxley Act of 2002 and Rule 13a-14 of the Exchange Act of 1934

CERTIFICATION

I, Richard F. Dauch, certify that:

1. I have reviewed this annual report on Form 10-K of Accuride Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)), for the registrant and have:

a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 6, 2014

/s/ RICHARD F. DAUCH

Richard F. Dauch

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification Pursuant to Section 302 of the Sarbanes Oxley Act of 2002 and Rule 13a-14 of the Exchange Act of 1934

CERTIFICATION

I, Gregory A. Risch, certify that:

1. I have reviewed this annual report on Form 10-K of Accuride Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) ) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)), for the registrant and have:

a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 6, 2014

/s/ GREGORY A. RISCH

Gregory A. Risch

Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code

I, Richard F. Dauch, President and Chief Executive Officer of Accuride Corporation, certify that to my knowledge, (i) the annual report on Form 10-K for the period ended December 31, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in the annual report on Form 10-K for said period fairly presents, in all material respects, the financial condition and results of operations of Accuride Corporation.

/s/ RICHARD F. DAUCH	Dated: March 6, 2014
Richard F. Dauch
President and Chief Executive Officer

EX-32.2

Exhibit 32.2

Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code

I, Gregory A. Risch, Vice President and Chief Financial Officer of Accuride Corporation, certify that to my knowledge, (i) the annual Report on Form 10-K for the period ended December 31, 2013 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in the annual report on Form 10-K for said period fairly presents, in all material respects, the financial condition and results of operations of Accuride Corporation.

/s/ GREGORY A. RISCH	Dated: March 6, 2014
Gregory A. Risch
Senior Vice President and Chief Financial Officer

XML

Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2013

Valuation and Qualifying Accounts [Abstract]

Summary of changes in valuation and qualifying accounts

The following table summarizes the changes in our valuation and qualifying accounts:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	549		$	676		$	1,640
Charges(credits) to cost and expense		139			267			618
Recoveries		89			(277	)		22
Write offs		(366	)		(117	)		(1,604	)
Balance—end of period	$	259		$	549		$	676

XML

Segment Reporting (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013 Customer	Dec. 31, 2012	Dec. 31, 2011
Net sales and operating income by segment [Abstract]
Net sales	$ 144,691,000	$ 155,264,000	$ 179,941,000	$ 162,987,000	$ 148,575,000	$ 187,255,000	$ 229,487,000	$ 229,317,000	$ 642,883,000	$ 794,634,000	$ 804,537,000
Operating income (loss)	(1,669,000)	(725,000)	5,959,000	(4,797,000)	(149,016,000)	(7,813,000)	9,869,000	7,730,000	(1,232,000)	(139,230,000)	20,727,000
Net interest expense, other income (loss) and restructuring items									(35,300,000)	(35,800,000)	(30,500,000)
Total assets	611,777,000				677,816,000				611,777,000	677,816,000
Schedule Of Revenue By Major Customers By Reporting Segments [Abstract]
Number of major customers									3
Minimum percentage of sales for major customer (in hundredths)									10.00%
Sales by customers [Member]
Revenue, Major Customer [Line Items]
Amount									242,259,000	290,209,000	319,890,000
% of Sales (in hundredths)									37.70%	36.50%	39.80%
Sales by product grouping [Member]
Net sales and operating income by segment [Abstract]
Net sales									642,883,000	794,634,000	804,537,000
Revenue, Major Customer [Line Items]
% of Sales (in hundredths)									100.00%	100.00%	100.00%
Customer One [Member] | Sales by customers [Member]
Revenue, Major Customer [Line Items]
Amount									91,886,000	123,459,000	155,266,000
% of Sales (in hundredths)									14.30%	15.50%	19.30%
Customer Two [Member] | Sales by customers [Member]
Revenue, Major Customer [Line Items]
Amount									90,624,000	101,895,000	101,167,000
% of Sales (in hundredths)									14.10%	12.80%	12.60%
Customer Three [Member] | Sales by customers [Member]
Revenue, Major Customer [Line Items]
Amount									59,749,000	64,855,000	63,457,000
% of Sales (in hundredths)									9.30%	8.20%	7.90%
Wheels [Member]
Net sales and operating income by segment [Abstract]
Net sales									364,614,000	414,340,000	406,587,000
Operating income (loss)									30,883,000	44,928,000	57,864,000
Total assets	452,271,000				486,118,000				452,271,000	486,118,000
Gunite [Member]
Net sales and operating income by segment [Abstract]
Net sales									168,988,000	221,974,000	251,113,000
Operating income (loss)									2,599,000	(151,940,000)	(1,785,000)
Total assets	55,016,000				54,707,000				55,016,000	54,707,000
Brillion Iron Works [Member]
Net sales and operating income by segment [Abstract]
Net sales									109,281,000	158,320,000	146,837,000
Operating income (loss)									1,027,000	11,969,000	2,301,000
Total assets	52,547,000				51,435,000				52,547,000	51,435,000
Imperial Group [Member]
Net sales and operating income by segment [Abstract]
Total assets	0				49,189,000				0	49,189,000
Corporate / Other [Member]
Net sales and operating income by segment [Abstract]
Operating income (loss)									(35,741,000)	(44,187,000)	(37,653,000)
Total assets	51,943,000				36,367,000				51,943,000	36,367,000
Inter-segment sales [Member]
Net sales and operating income by segment [Abstract]
Net sales									$ 15,987,000	$ 26,405,000	$ 33,425,000

XML

Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property, plant and equipment, net [Abstract]
Property, plant and equipment, gross	$ 339,063	$ 375,815
Less: accumulated depreciation	119,439	108,438
Property, plant and equipment, net	219,624	267,377
Depreciation	35,579	48,134	38,918
Asset impairment charges	34,126
Land and Land Improvements [Member]
Property, plant and equipment, net [Abstract]
Property, plant and equipment, gross	16,124	19,959
Buildings [Member]
Property, plant and equipment, net [Abstract]
Property, plant and equipment, gross	63,242	62,605
Machinery and Equipment [Member]
Property, plant and equipment, net [Abstract]
Property, plant and equipment, gross	$ 259,697	$ 293,251

XML

Segment Reporting, Schedule of Revenues from External Customers and Long-Lived Assets (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Net sales [Abstract]
Total	$ 144,691	$ 155,264	$ 179,941	$ 162,987	$ 148,575	$ 187,255	$ 229,487	$ 229,317	$ 642,883	$ 794,634	$ 804,537
Long-lived assets	462,509				515,102				462,509	515,102	628,713
Domestic Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									532,534	678,347	680,465
Export Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									110,349	116,287	124,132
United States [Member]
Net sales [Abstract]
Total									622,717	770,459	781,440
Long-lived assets	759,793				816,599				759,793	816,599	930,154
United States [Member] | Domestic Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									512,777	665,479	658,353
United States [Member] | Export Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									109,940	114,980	123,087
Canada [Member]
Net sales [Abstract]
Total									77	14	1,948
Long-lived assets	31,291				26,880				31,291	26,880	37,119
Canada [Member] | Domestic Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									77	14	1,948
Canada [Member] | Export Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									0	0	0
Mexico [Member]
Net sales [Abstract]
Total									20,089	24,161	21,209
Long-lived assets	11,137				11,335				11,137	11,335	10,062
Mexico [Member] | Domestic Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									19,680	22,854	20,164
Mexico [Member] | Export Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									409	1,307	1,045
Eliminations [Member]
Net sales [Abstract]
Total									0	0	0
Long-lived assets	(339,712)				(339,712)				(339,712)	(339,712)	(348,622)
Eliminations [Member] | Domestic Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									0	0	0
Eliminations [Member] | Export Sales [Member]
Net sales [Abstract]
Sales to unaffiliated customers									$ 0	$ 0	$ 0

XML

Goodwill and Other Intangible Assets (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Goodwill by reportable segment [Roll Forward]
Balance as of beginning of period	$ 100,697,000	$ 163,536,000
Impairment loss	0	(62,839,000)	0
Balance as of end of period	100,697,000	100,697,000	163,536,000
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	134,180,000	181,349,000
Additions	0	580,000
Impairment loss	0	(36,768,000)
Amortization	(8,750,000)	(10,981,000)	(12,360,000)
Ending Balance	125,430,000	134,180,000	181,349,000
Goodwill [Abstract]
Gross Amount	100,697,000	100,697,000
Accumulated Amortization	0	0
Carrying Amount	100,697,000	100,697,000	163,536,000
Other intangible assets [Abstract]
Gross Amount	194,694,000	202,694,000
Accumulated Amortization	69,264,000	68,514,000
Carrying Amount	125,430,000	134,180,000	181,349,000
Amortization expense, Maturity [Abstract]
Estimated amortization expense for other intangible assets, 2014	8,100,000
Estimated amortization expense for other intangible assets, 2015	8,100,000
Estimated amortization expense for other intangible assets, 2016	8,100,000
Estimated amortization expense for other intangible assets, 2017	8,100,000
Estimated amortization expense for other intangible assets, 2018	8,100,000
Non-compete agreements [Member]
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	679,000
Ending Balance	0
Other intangible assets [Abstract]
Weighted Average Useful Lives	1 year 8 months 12 days
Gross Amount	1,552,000	1,552,000
Accumulated Amortization	1,552,000	873,000
Carrying Amount	0
Trade names [Member]
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	25,200,000
Ending Balance	25,200,000
Other intangible assets [Abstract]
Weighted Average Useful Lives	0 years
Gross Amount	25,200,000	33,200,000
Accumulated Amortization	0	8,000,000
Carrying Amount	25,200,000
Technology [Member]
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	21,302,000
Ending Balance	18,352,000
Other intangible assets [Abstract]
Weighted Average Useful Lives	10 years
Gross Amount	38,849,000	38,849,000
Accumulated Amortization	20,497,000	17,547,000
Carrying Amount	18,352,000
Customer relationships [Member]
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	86,999,000
Ending Balance	81,878,000
Other intangible assets [Abstract]
Weighted Average Useful Lives	19 years 10 months 24 days
Gross Amount	129,093,000	129,093,000
Accumulated Amortization	47,215,000	42,094,000
Carrying Amount	81,878,000
Wheels [Member]
Goodwill by reportable segment [Roll Forward]
Balance as of beginning of period	96,283,000	96,283,000
Impairment loss		0
Balance as of end of period	96,283,000	96,283,000
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	130,668,000	138,575,000
Additions	0	0
Impairment loss	0	0
Amortization	(7,904,000)	(7,907,000)
Ending Balance	122,764,000	130,668,000
Goodwill [Abstract]
Carrying Amount	96,283,000	96,283,000
Other intangible assets [Abstract]
Carrying Amount	122,764,000	130,668,000
Gunite [Member]
Goodwill by reportable segment [Roll Forward]
Balance as of beginning of period	0	62,839,000
Impairment loss		(62,839,000)
Balance as of end of period	0	0
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	0	38,968,000
Additions	0	0
Impairment loss		(36,768,000)
Amortization	0	(2,200,000)
Ending Balance	0	0
Goodwill [Abstract]
Carrying Amount	0	0
Other intangible assets [Abstract]
Carrying Amount	0	0
Brillion Iron Works [Member]
Goodwill by reportable segment [Roll Forward]
Balance as of beginning of period	4,414,000	4,414,000
Impairment loss		0
Balance as of end of period	4,414,000	4,414,000
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	2,833,000	2,997,000
Additions	0	0
Impairment loss	0	0
Amortization	(167,000)	(164,000)
Ending Balance	2,666,000	2,833,000
Goodwill [Abstract]
Carrying Amount	4,414,000	4,414,000
Other intangible assets [Abstract]
Carrying Amount	2,666,000	2,833,000
Corporate / Other [Member]
Other intangible assets by reportable segment [Roll Forward]
Beginning Balance	679,000	809,000
Additions	0	580,000
Impairment loss	0	0
Amortization	(679,000)	(710,000)
Ending Balance	0	679,000
Other intangible assets [Abstract]
Carrying Amount	$ 0	$ 679,000

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Pension and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Pension and Other Postretirement Benefit Plans [Abstract]

Obligations and Funded Status

Obligations and Funded Status:

	Pension Benefits						Other Benefits
	Year Ended December 31,						Year Ended December 31,
(In thousands)	2013			2012			2013			2012
Change in benefit obligation:
Benefit obligation—beginning of period	$	259,706		$	234,247		$	87,125		$	80,876
Service cost		1,156			1,785			528			478
Interest cost		10,320			11,198			3,467			3,999
Actuarial losses (gains)		(12,102	)		25,532			(10,801	)		4,644
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(8,074	)		3,401			(1,325	)		558
Curtailment		—			(804	)		—			—
Plan amendment		—			—			(539	)		—
Incurred retiree drug subsidy reimbursements		—			—			172			170
Plan participant’s contributions		155			—			384			506
Benefit obligation—end of period	$	232,901		$	259,706		$	74,933		$	87,125
Accumulated benefit obligation	$	232,208		$	259,015		$	—		$	—
Change in plan assets:
Fair value of assets—beginning of period	$	203,268		$	183,447		$	—		$	—
Actual return on plan assets		33,625			21,166			—			—
Employer contributions		9,539			11,153			3,694			3,600
Plan participant’s contributions		155			—			384			506
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(7,620	)		3,155			—			—
Fair value of assets—end of period		220,707			203,268			—			—
Reconciliation of funded status:
Unfunded status	$	(12,194	)	$	(56,438	)	$	(74,933	)	$	(87,125	)
Amounts recorded in the consolidated balance sheets:
Prepaid benefit cost	$	8,493		$	—		$	—		$	—
Accrued benefit liability		(20,687	)		(56,438	)	$	(74,933	)	$	(87,125	)
Accumulated other comprehensive loss (income)		15,201			53,420			(5,292	)		6,370
Net amount recognized	$	3,007		$	(3,018	)	$	(80,225	)	$	(80,755	)
Amounts recorded in AOCI in the following fiscal year:
Amortization of prior service (credit) cost	$	44					$	(35	)
Amortization of net (gain)/loss		201						322
Total amortization	$	245					$	287

Components of net periodic benefit cost

Components of Net Periodic Benefit Cost:

Pension Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	1,156		$	1,785		$	1,571
Interest cost on projected benefit obligation		10,320			11,198			12,266
Expected return on plan assets		(11,726	)		(11,800	)		(12,936	)
Prior service cost (net)		44			44			44
Other amortization (net)		2,607			1,035			59
Total benefits cost charged to income	$	2,401		$	2,262		$	1,004
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	(1,035	)	$	(59	)
Prior service (credit) cost		—			—			—
Amortization of prior service (credit) cost		(44	)		(44	)		(44	)
Change in net actuarial (gain) loss		(35,568	)		16,052			28,073
Amortization of net actuarial valuation (gain) loss		(2,607	)		—			—
Amounts recognized in other comprehensive income		(38,219	)		14,973			27,970
Amounts recognized in total benefits charged to income and other comprehensive income	$	(35,818	)	$	17,235		$	28,974

Other Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	528		$	478		$	452
Interest cost on projected benefit obligation		3,467			3,999			4,401
Prior service cost (net)		—			—			—
Other amortization (net)		114			(34	)		(103	)
Total benefits cost charged to income	$	4,109		$	4,443		$	4,750
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	35		$	103
Change in net actuarial (gain) loss		(11,660	)		4,764			(151	)
Amounts recognized in other comprehensive income		(11,660	)		4,799			(48	)
Amounts recognized in total benefits charged to income and other comprehensive income	$	(7,551	)	$	9,242		$	4,702

Assumptions used to determine benefit obligations and net periodic benefit cost

Assumptions used to determine benefit obligations as of December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.77	%		4.19	%		4.85	%		4.20	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A

Assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.19	%		4.89	%		4.20	%		4.91	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A
Expected long-term rate of return on assets		6.08	%		6.35	%		N/A			N/A

Assumed health care cost trend rates

Assumed health care cost trend rates at December 31 were as follows:

	2013			2012
Health care cost trend rate assumed for next year		7.63	%		8.08	%
Rate to which the cost trend rate is assumed to decline		4.82	%		4.82	%
Year that the rate reaches the ultimate trend rate		2022			2022

Effect of one-percentage-point change in assumed health care cost trend rates

The health care cost trend rate assumption has a significant effect on the amounts reported. A one-percentage point change in assumed health care cost trend rates would have the following effects on 2013:

	1-Percentage- Point Increase		1-Percentage- Point Decrease
Effect on total of service and interest cost	$	646	$	(865	)
Effect on postretirement benefit obligation	$	8,995	$	(7,463	)

Allocation of plan assets

Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2013, are presented in the table below. Our pension plan assets were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.  Our level 1 plan assets are value using active trading prices as listed in the New York stock exchange and the Toronto stock exchange. Our level 2 plan assets are securities for which the market is not considered to be active and are valued via the use of observable inputs, which may include, among others, the use of adjusted market prices last available, bids or last available sales prices and/or other observable inputs. Our assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and their placement within the fair value hierarchy levels. For more information on a description of the fair value hierarchy, see Note 13.

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	8,314		$	—		$	—		$	8,314			4	%
Equity securities:
U.S. large-cap		21,639			—			—			21,639			10	%
U.S. mid-cap		—			6,840			—			6,840			3	%
U.S. small-cap		—			3,399			—			3,399			2	%
U.S. indexed		—			18,954			—			18,954			9	%
Canadian large-cap		27,574			—			—			27,574			12	%
Canadian mid-cap		11,263			—			—			11,263			5	%
Canadian small-cap		—			—			—			—			—	%
Large growth		—			11,659			—			11,659			5	%
Pooled equities		10,775			3,271			—			14,046			6	%
International markets		—			26,545			—			26,545			12	%
Fixed income securities:
Government bonds		11,185			10,754			—			21,939			10	%
Corporate bonds		25,684			22,851			—			48,535			22	%
Total assets at fair value	$	116,434		$	104,273		$	—		$	220,707			100	%
% of fair value hierarchy		53	%		47	%		—	%		100	%

In the fair value presentation below, we changed certain securities from Level 1 to Level 2 as it was determined that these investments are priced with observable inputs rather than quoted market prices in an active market. Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2012, are presented in the following table:

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	6,088		$	—		$	—		$	6,088			3	%
Equity securities:
U.S. large-cap		12,787			9,045			—			21,832			11	%
U.S. mid-cap		7,582			5,946			—			13,528			7	%
U.S. small-cap		123			2,978			—			3,101			1	%
U.S. indexed		—			15,705			—			15,705			8	%
Canadian large-cap		24,450			—			—			24,450			12	%
Canadian mid-cap		8,228			—			—			8,228			4	%
Canadian small-cap		3,173			—			—			3,173			1	%
Large growth		—			9,563			—			9,563			5	%
Pooled equities		—			2,833			—			2,833			1	%
International markets		—			26,235			—			26,235			13	%
Fixed income securities:
Government bonds		9,750			9,916			—			19,666			10	%
Corporate bonds		27,794			21,072			—			48,866			24	%
Total assets at fair value	$	99,975		$	103,293		$	—		$	203,268			100	%
% of fair value hierarchy		49	%		51	%		—	%		100	%

Assets allocation

Asset allocation for our Accuride Retirement Plan and Erie Hourly Pension Plan:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		11	%		20	%
Growth		10	%		13	%		20	%
Index-Passive		15	%		20	%		25	%
Domestic Small Cap Equities		2	%		10	%		10	%
International Equities		5	%		11	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%

Asset allocation for remainder of our U.S. plans:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		10	%		20	%
Growth		10	%		10	%		20	%
Index-Passive		5	%		10	%		15	%
Domestic Mid Cap Equities		5	%		10	%		15	%
International Equities		5	%		13	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%
Money Market		1	%		5	%		10	%

Target allocation of plan assets

While we use the same methodologies to manage the Canadian plans, the primary objective is to achieve a minimum rate of return of Consumer Price Index plus 3 over 4-year moving periods, and to obtain total fund rates of return that are in the top third over 4-year moving periods when compared to a representative sample of Canadian pension funds with similar asset mix characteristics. The asset mix for the Canadian pension fund is targeted as follows:

	Minimum			Maximum
Total Equities		40	%		65	%
Foreign Equities		0	%		50	%
Bonds and Mortgages		25	%		50	%
Short-Term		0	%		15	%

Pension and postretirement future benefits expected to be paid

Cash Flows—We expect to contribute approximately $14.3 million to our pension plans and $4.4 million to our other postretirement benefit plans in 2014. Pension and postretirement benefits (which include expected future service) are expected to be paid out of the respective plans as follows:

(In thousands)	Pension Benefits		Other Benefits
2014	$	14,061	$	4,524
2015	$	13,522	$	4,621
2016	$	14,093	$	4,769
2017	$	14,129	$	4,942
2018	$	14,390	$	4,941
2019 – 2023 (in total)	$	75,315	$	25,554

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Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior secured notes, interest (in hundredths)	9.50%	9.50%
9.5% senior secured notes, carrying value	$ 305.2	$ 304.1
Fair value of ABL facility	25.0	20.0
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
9.5% senior secured notes, fair value	$ 306.90	$ 310.00

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Changes in Accumulated Other Comprehensive Income (Loss) by Component

12 Months Ended

Dec. 31, 2013

Changes in Accumulated Other Comprehensive Income (Loss) by Component [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Note 19 – Changes in Accumulated Other Comprehensive Income (Loss) by Component

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan				Post Retirement Plan				Total
Accumulated other comprehensive loss as of December 31, 2012		$	(46,166	)		$	(5,668	)		$	(51,834	)
Amounts reclassified from accumulated other comprehensive income (loss)			25,737				7,385				33,122
Accumulated other comprehensive income (loss) as of December 31, 2013		$	(20,429	)		$	1,717			$	(18,712	)

Reclassifications out of Accumulated Other Comprehensive Income:

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan			Post Retirement Plan			Total
Amortization of Pension and Postretirement Plan items
Prior service costs	$	44		$	539		$	583	(a)
Actuarial gain		35,568			11,007			44,574	(a)
Amortization of net actuarial gain		2,607			114			2,722	(a)
Total before tax		38,219			11,660			49,879
Tax (expense) benefit		(12,481	)		(4,276	)		(16,757	)
Total reclassified for the period	$	25,738		$	7,384		$	33,122

(a)   These accumulated other comprehensive income components are included in the computation of net periodic pension and post retirement plan costs.  See Pension footnote, Note 8, for additional details.

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Pension and Other Postretirement Benefit Plans (Details) (USD $)	12 Months Ended
	Dec. 31, 2013 Transaction	Dec. 31, 2012	Dec. 31, 2011
Change in plan assets [Roll Forward]
Fair value of assets-beginning of period	$ 203,268,000
Fair value of assets-end of period	220,707,000	203,268,000
Assumed health care cost trend rates [Abstract]
Health care cost trend rate assumed for next year (in hundredths)	7.63%	8.08%
Rate to which the cost trend rate is assumed to decline (in hundredths)	4.82%	4.82%
Year that the rate reaches the ultimate trend rate	2022	2022
Effect of one-percentage point change in assumed health care cost trend rates [Abstract]
1- Percentage Point Increase, Effect on total of service and interest cost	646,000
1- Percentage Point Decrease, Effect on total of service and interest cost	(865,000)
1- Percentage Point Increase, Effect on postretirement benefit obligation	8,995,000
1- Percentage Point Decrease, Effect on postretirement benefit obligation	(7,463,000)
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	220,707,000	203,268,000
% of Total (in hundredths)	100.00%	100.00%
% of fair value hierarchy (in hundredths)	100.00%	100.00%
Real rate of return (in hundredths)	5.00%
Percentage over inflation (in hundredths)	5.00%
Minimum period for investment horizon	5 years
Number of strategic asset allocations	2
Asset allocation [Abstract]
Primary objective	the primary objective is to achieve a minimum rate of return of Consumer Price Index plus 3
Moving period	4 years
Other Plans [Abstract]
Defined contribution plan, expenses recognized	1,300,000	1,400,000	3,300,000
Cash and cash equivalents [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	8,314,000	6,088,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	8,314,000	6,088,000
% of Total (in hundredths)	4.00%	3.00%
U.S. large-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	21,639,000	21,832,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	21,639,000	21,832,000
% of Total (in hundredths)	10.00%	11.00%
U.S. mid-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	6,840,000	13,528,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	6,840,000	13,528,000
% of Total (in hundredths)	3.00%	7.00%
U.S. small-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	3,399,000	3,101,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	3,399,000	3,101,000
% of Total (in hundredths)	2.00%	1.00%
US indexed [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	18,954,000	15,705,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	18,954,000	15,705,000
% of Total (in hundredths)	9.00%	8.00%
Canadian large cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	27,574,000	24,450,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	27,574,000	24,450,000
% of Total (in hundredths)	12.00%	12.00%
Canadian mid cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	11,263,000	8,228,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	11,263,000	8,228,000
% of Total (in hundredths)	5.00%	4.00%
Canadian small cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	3,173,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	3,173,000
% of Total (in hundredths)	0.00%	1.00%
Large growth [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	11,659,000	9,563,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	11,659,000	9,563,000
% of Total (in hundredths)	5.00%	5.00%
Pooled equities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	14,046,000	2,833,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	14,046,000	2,833,000
% of Total (in hundredths)	6.00%	1.00%
International markets [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	26,545,000	26,235,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	26,545,000	26,235,000
% of Total (in hundredths)	12.00%	13.00%
Government bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	21,939,000	19,666,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	21,939,000	19,666,000
% of Total (in hundredths)	10.00%	10.00%
Corporate bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	48,535,000	48,866,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	48,535,000	48,866,000
% of Total (in hundredths)	22.00%	24.00%
Equity Securities [Member]
Targeted assets mix [Abstract]
Minimum (in hundredths)	40.00%
Maximum (in hundredths)	65.00%
Foreign Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	5.00%
Strategic Allocation (in hundredths)	11.00%
Upper Limit (in hundredths)	15.00%
Targeted assets mix [Abstract]
Minimum (in hundredths)	0.00%
Maximum (in hundredths)	50.00%
Bonds and Mortgages [Member]
Targeted assets mix [Abstract]
Minimum (in hundredths)	25.00%
Maximum (in hundredths)	50.00%
Short-Term [Member]
Targeted assets mix [Abstract]
Minimum (in hundredths)	0.00%
Maximum (in hundredths)	15.00%
Domestic large capitalization growth equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	10.00%
Strategic Allocation (in hundredths)	13.00%
Upper Limit (in hundredths)	20.00%
Domestic large capitalization index passive equities. [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	15.00%
Strategic Allocation (in hundredths)	20.00%
Upper Limit (in hundredths)	25.00%
Domestic Large Capitalization Value Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	10.00%
Strategic Allocation (in hundredths)	11.00%
Upper Limit (in hundredths)	20.00%
Domestic Small Cap Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	2.00%
Strategic Allocation (in hundredths)	10.00%
Upper Limit (in hundredths)	10.00%
Fixed income intermediate [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	15.00%
Strategic Allocation (in hundredths)	35.00%
Upper Limit (in hundredths)	35.00%
Level 1 [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	116,434,000	99,975,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	116,434,000	99,975,000
% of fair value hierarchy (in hundredths)	53.00%	49.00%
Level 1 [Member] | Cash and cash equivalents [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	8,314,000	6,088,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	8,314,000	6,088,000
Level 1 [Member] | U.S. large-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	21,639,000	12,787,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	21,639,000	12,787,000
Level 1 [Member] | U.S. mid-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	7,582,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	7,582,000
Level 1 [Member] | U.S. small-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	123,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	123,000
Level 1 [Member] | US indexed [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 1 [Member] | Canadian large cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	27,574,000	24,450,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	27,574,000	24,450,000
Level 1 [Member] | Canadian mid cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	11,263,000	8,228,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	11,263,000	8,228,000
Level 1 [Member] | Canadian small cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	3,173,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	3,173,000
Level 1 [Member] | Large growth [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 1 [Member] | Pooled equities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	10,775,000	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	10,775,000	0
Level 1 [Member] | International markets [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 1 [Member] | Government bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	11,185,000	9,750,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	11,185,000	9,750,000
Level 1 [Member] | Corporate bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	25,684,000	27,794,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	25,684,000	27,794,000
Level 2 [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	104,273,000	103,293,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	104,273,000	103,293,000
% of fair value hierarchy (in hundredths)	47.00%	51.00%
Level 2 [Member] | Cash and cash equivalents [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 2 [Member] | U.S. large-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	9,045,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	9,045,000
Level 2 [Member] | U.S. mid-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	6,840,000	5,946,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	6,840,000	5,946,000
Level 2 [Member] | U.S. small-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	3,399,000	2,978,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	3,399,000	2,978,000
Level 2 [Member] | US indexed [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	18,954,000	15,705,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	18,954,000	15,705,000
Level 2 [Member] | Canadian large cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 2 [Member] | Canadian mid cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 2 [Member] | Canadian small cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 2 [Member] | Large growth [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	11,659,000	9,563,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	11,659,000	9,563,000
Level 2 [Member] | Pooled equities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	3,271,000	2,833,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	3,271,000	2,833,000
Level 2 [Member] | International markets [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	26,545,000	26,235,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	26,545,000	26,235,000
Level 2 [Member] | Government bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	10,754,000	9,916,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	10,754,000	9,916,000
Level 2 [Member] | Corporate bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	22,851,000	21,072,000
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	22,851,000	21,072,000
Level 3 [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
% of fair value hierarchy (in hundredths)	0.00%	0.00%
Level 3 [Member] | Cash and cash equivalents [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | U.S. large-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | U.S. mid-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | U.S. small-cap [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | US indexed [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Canadian large cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Canadian mid cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Canadian small cap equity securities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Large growth [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Pooled equities [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | International markets [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Government bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Level 3 [Member] | Corporate bonds [Member]
Change in plan assets [Roll Forward]
Fair value of assets-end of period	0	0
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0
Pension Benefits [Member]
Change in benefit obligation [Roll Forward]
Benefit obligation-beginning of period	259,706,000	234,247,000
Service cost	1,156,000	1,785,000	1,571,000
Interest cost	10,320,000	11,198,000	12,266,000
Actuarial losses (gains)	(12,102,000)	25,532,000
Benefits paid	(18,260,000)	(15,653,000)
Foreign currency exchange rate changes	(8,074,000)	3,401,000
Curtailment	0	(804,000)
Plan Amendment	0	0
Incurred retiree drug subsidy reimbursements	0	0
Plan participant's contribution	155,000	0
Benefit obligation-end of period	232,901,000	259,706,000	234,247,000
Accumulated benefit obligation	232,208,000	259,015,000
Change in plan assets [Roll Forward]
Fair value of assets-beginning of period	203,268,000	183,447,000
Actual return on plan assets	33,625,000	21,166,000
Employer contributions	9,539,000	11,153,000
Plan participant's contribution	155,000	0
Benefits paid	(18,260,000)	(15,653,000)
Foreign currency exchange rate changes	(7,620,000)	3,155,000
Fair value of assets-end of period	220,707,000	203,268,000	183,447,000
Reconciliation of funded status [Abstract]
Unfunded status	(12,194,000)	(56,438,000)
Amounts recorded in the consolidated balance sheets [Abstract]
Prepaid benefit cost	8,493,000	0
Accrued benefit liability	(20,687,000)	(56,438,000)
Accumulated other comprehensive loss (income)	15,201,000	53,420,000
Net amount recognized	3,007,000	(3,018,000)
Amounts recorded in AOCI in the following fiscal year [Abstract]
Amortization of prior service (credit) cost	44,000
Amortization of net (gain)/loss	201,000
Total amortization	245,000
Components of net periodic benefit cost [Abstract]
Service cost-benefits earned during the period	1,156,000	1,785,000	1,571,000
Interest cost on projected benefit obligation	10,320,000	11,198,000	12,266,000
Expected return on plan assets	(11,726,000)	(11,800,000)	(12,936,000)
Prior service cost (net)	44,000	44,000	44,000
Other amortization (net)	2,607,000	1,035,000	59,000
Total benefits cost charged to income	2,401,000	2,262,000	1,004,000
Recognized in other comprehensive income (loss) [Abstract]
Amortization of net transition (asset) obligation	0	(1,035,000)	(59,000)
Prior service (credit) cost	0	0	0
Amortization of prior service (credit) cost	(44,000)	(44,000)	(44,000)
Change in net actuarial (gain) loss	(35,568,000)	16,052,000	28,073,000
Amount of net actuarial valuation (gain) loss	(2,607,000)	0	0
Amounts recognized in other comprehensive income	(38,219,000)	14,973,000	27,970,000
Amounts recognized in total benefits charged to income and other comprehensive income	(35,818,000)	17,235,000	28,974,000
Assumptions used to determine benefit obligations [Abstract]
Average discount rate (in hundredths)	4.77%	4.19%
Rate of increase in future compensation levels (in hundredths)	3.00%	3.00%
Assumptions used to determine net periodic benefit cost [Abstract]
Average discount rate (in hundredths)	4.19%	4.89%
Rate of increase in future compensation levels (in hundredths)	3.00%	3.00%
Expected long-term rate of return on assets (in hundredths)	6.08%	6.35%
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	220,707,000	203,268,000	183,447,000
Pension and postretirement benefits, Expected payments [Abstract]
2014	14,061,000
2015	13,522,000
2016	14,093,000
2017	14,129,000
2018	14,390,000
2019 - 2023 (in total)	75,315,000
Anticipated contribution during next year	14,300,000
U.S plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan period of service for eligibility	1 year
Defined benefit plans period of service of vesting of hourly employees	5 years
U.S plan [Member] | Foreign Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	5.00%
Strategic Allocation (in hundredths)	13.00%
Upper Limit (in hundredths)	15.00%
U.S plan [Member] | Domestic large capitalization growth equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	10.00%
Strategic Allocation (in hundredths)	10.00%
Upper Limit (in hundredths)	20.00%
U.S plan [Member] | Domestic large capitalization index passive equities. [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	5.00%
Strategic Allocation (in hundredths)	10.00%
Upper Limit (in hundredths)	25.00%
U.S plan [Member] | Domestic Large Capitalization Value Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	10.00%
Strategic Allocation (in hundredths)	10.00%
Upper Limit (in hundredths)	20.00%
U.S plan [Member] | Domestic Small Cap Equities [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	5.00%
Strategic Allocation (in hundredths)	10.00%
Upper Limit (in hundredths)	15.00%
U.S plan [Member] | Fixed income intermediate [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	15.00%
Strategic Allocation (in hundredths)	35.00%
Upper Limit (in hundredths)	35.00%
U.S plan [Member] | Money Market Funds [Member]
Asset allocation [Abstract]
Lower Limit (in hundredths)	1.00%
Strategic Allocation (in hundredths)	5.00%
Upper Limit (in hundredths)	10.00%
Canadian plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plan period of service for eligibility	2 years
Defined benefit plans period of service of vesting of hourly employees	2 years
Other Benefits [Member]
Change in benefit obligation [Roll Forward]
Benefit obligation-beginning of period	87,125,000	80,876,000
Service cost	528,000	478,000	452,000
Interest cost	3,467,000	3,999,000	4,401,000
Actuarial losses (gains)	(10,801,000)	4,644,000
Benefits paid	(4,078,000)	(4,106,000)
Foreign currency exchange rate changes	(1,325,000)	558,000
Curtailment	0	0
Plan Amendment	(539,000)	0
Incurred retiree drug subsidy reimbursements	172,000	170,000
Plan participant's contribution	384,000	506,000
Benefit obligation-end of period	74,933,000	87,125,000	80,876,000
Accumulated benefit obligation	0	0
Change in plan assets [Roll Forward]
Fair value of assets-beginning of period	0	0
Actual return on plan assets	0	0
Employer contributions	3,694,000	3,600,000
Plan participant's contribution	384,000	506,000
Benefits paid	(4,078,000)	(4,106,000)
Foreign currency exchange rate changes	0	0
Fair value of assets-end of period	0	0	0
Reconciliation of funded status [Abstract]
Unfunded status	(74,933,000)	(87,125,000)
Amounts recorded in the consolidated balance sheets [Abstract]
Prepaid benefit cost	0	0
Accrued benefit liability	(74,933,000)	(87,125,000)
Accumulated other comprehensive loss (income)	(5,292,000)	6,370,000
Net amount recognized	(80,225,000)	(80,755,000)
Amounts recorded in AOCI in the following fiscal year [Abstract]
Amortization of prior service (credit) cost	(35,000)
Amortization of net (gain)/loss	322,000
Total amortization	287,000
Components of net periodic benefit cost [Abstract]
Service cost-benefits earned during the period	528,000	478,000	452,000
Interest cost on projected benefit obligation	3,467,000	3,999,000	4,401,000
Prior service cost (net)	0	0	0
Other amortization (net)	114,000	(34,000)	(103,000)
Total benefits cost charged to income	4,109,000	4,443,000	4,750,000
Recognized in other comprehensive income (loss) [Abstract]
Amortization of net transition (asset) obligation	0	35,000	103,000
Change in net actuarial (gain) loss	(11,660,000)	4,764,000	(151,000)
Amounts recognized in other comprehensive income	(11,660,000)	4,799,000	(48,000)
Amounts recognized in total benefits charged to income and other comprehensive income	(7,551,000)	9,242,000	4,702,000
Assumptions used to determine benefit obligations [Abstract]
Average discount rate (in hundredths)	4.85%	4.20%
Assumptions used to determine net periodic benefit cost [Abstract]
Average discount rate (in hundredths)	4.20%	4.91%
Defined benefit plan assets at value by hierarchy [Abstract]
Fair value of plan assets	0	0	0
Pension and postretirement benefits, Expected payments [Abstract]
2014	4,534,000
2015	4,621,000
2016	4,769,000
2017	4,942,000
2018	4,941,000
2019 - 2023 (in total)	25,554,000
Anticipated contribution during next year	$ 4,400,000

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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)

12 Months Ended

Dec. 31, 2013

Changes in Accumulated Other Comprehensive Income (Loss) by Component [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan				Post Retirement Plan				Total
Accumulated other comprehensive loss as of December 31, 2012		$	(46,166	)		$	(5,668	)		$	(51,834	)
Amounts reclassified from accumulated other comprehensive income (loss)			25,737				7,385				33,122
Accumulated other comprehensive income (loss) as of December 31, 2013		$	(20,429	)		$	1,717			$	(18,712	)

Reclassifications out of Accumulated Other Comprehensive Income

Reclassifications out of Accumulated Other Comprehensive Income:

	For the Year Ended December 31, 2013
(In thousands)	Pension Plan			Post Retirement Plan			Total
Amortization of Pension and Postretirement Plan items
Prior service costs	$	44		$	539		$	583	(a)
Actuarial gain		35,568			11,007			44,574	(a)
Amortization of net actuarial gain		2,607			114			2,722	(a)
Total before tax		38,219			11,660			49,879
Tax (expense) benefit		(12,481	)		(4,276	)		(16,757	)
Total reclassified for the period	$	25,738		$	7,384		$	33,122

(a)   These accumulated other comprehensive income components are included in the computation of net periodic pension and post retirement plan costs.  See Pension footnote, Note 8, for additional details.

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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Net sales and operating income by segment

Based on our continual monitoring of the long-term economic characteristics, products and production processes, class of customer, and distribution methods of our operating segments, we have identified each of our operating segments below as reportable segments. We believe this segmentation is appropriate based upon operating decisions and performance assessments by our President and Chief Executive Officer, who is our chief operating decision maker. The accounting policies of the reportable segments are the same as described in Note 1, “Significant Accounting Policies”.

	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales to external customers:
Wheels	$	364,614		$	414,340		$	406,587
Gunite		168,988			221,974			251,113
Brillion Iron Works		109,281			158,320			146,837
Consolidated total	$	642,883		$	794,634		$	804,537
Operating income (loss):
Wheels	$	30,883		$	44,928		$	57,864
Gunite		2,599			(151,940	)		(1,785	)
Brillion Iron Works		1,027			11,969			2,301
Corporate / Other		(35,741	)		(44,187	)		(37,653	)
Consolidated total	$	(1,232	)	$	(139,230	)	$	20,727

Current and prior period operating results from Imperial Group were reclassified to discontinued operations during the year ended December 31, 2013.  Current and prior period operating results from Bostrom Seating, Fabco Automotive, and Brillion Farm were reclassified to discontinued operations during the year ended December 31, 2011. The reconciling item between operating income and income (loss) before income taxes from continuing operations includes net interest expense, other income (loss), and restructuring items. The reconciling item for years ended December 31, 2013, 2012, and 2011 was ($35.3) million, ($35.8) million and ($30.5) million, respectively. Excluded from net sales above, are inter-segment sales from Brillion Iron Works to Gunite, as shown in the table below:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Inter-segment sales	$	15,987	$	26,405	$	33,425

Assets by segment

	As of
(In thousands)	December 31, 2013		December 31, 2012
Total assets:
Wheels	$	452,271	$	486,118
Gunite		55,016		54,707
Brillion Iron Works		52,547		51,435
Imperial Group		—		49,189
Corporate / Other		51,943		36,367
Consolidated total	$	611,777	$	677,816

Geographic information

Geographic Information—Net sales are attributed to geographic areas based on the country in which the product is sold. Our operations in the United States, Canada, and Mexico are summarized below:

For Year Ended Dec. 31, 2013	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	512,777	$	77	$	19,680	$	—		$	532,534
Sales to unaffiliated customers—export		109,940		—		409		—			110,349
Total	$	622,717	$	77	$	20,089	$	—		$	642,883
Long-lived assets	$	759,793	$	31,291	$	11,137	$	(339,712	)	$	462,509

For Year Ended Dec. 31, 2012	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	665,479	$	14	$	22,854	$	—		$	678,347
Sales to unaffiliated customers—export		114,980		—		1,307		—			116,287
Total	$	770,459	$	14	$	24,161	$	—		$	794,634
Long-lived assets	$	816,599	$	26,880	$	11,335	$	(339,712	)	$	515,102

For the Year Ended Dec. 31, 2011	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	658,353	$	1,948	$	20,164	$	—		$	680,465
Sales to unaffiliated customers—export		123,087		—		1,045		—			124,132
Total	$	781,440	$	1,948	$	21,209	$	—		$	804,537
Long-lived assets	$	930,154	$	37,119	$	10,062	$	(348,622	)	$	628,713

Sales to major customers

The information for each of our geographic regions included sales to each of the three major customers in 2013 that each exceed 10% of total net sales. Sales to those customers are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Customer one	$	91,886	14.3	%	$	123,459	15.5	%	$	155,266	19.3	%
Customer two	90,624		14.1	%	101,895		12.8	%	101,167		12.6	%
Customer three	59,749		9.3	%	64,855		8.2	%	63,457		7.9	%
	$	242,259	37.7	%	$	290,209	36.5	%	$	319,890	39.8	%

Sales by product grouping

Sales by product grouping are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Wheels	$	364,614	57	%	$	414,340	52	%	$	406,587	51	%
Wheel-end components and assemblies	168,988		26	%	221,974		28	%	251,113		31	%
Ductile and gray iron castings	109,281		17	%	158,320		20	%	146,837		18	%
	$	642,883	100	%	$	794,634	100	%	$	804,537	100	%

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Stock-Based Compensation Plans (Details) (USD $)	12 Months Ended					1 Months Ended		12 Months Ended		12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013 2010 Incentive Plan [Member]	Aug. 31, 2010 2010 Incentive Plan [Member]	Aug. 31, 2010 Restricted Stock Units (RSUs) [Member]	May 31, 2010 Restricted Stock Units (RSUs) [Member]	Dec. 31, 2013 Restricted Stock Units (RSUs) [Member]	May 18, 2010 Restricted Stock Units (RSUs) [Member]	Dec. 31, 2013 Service Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock granted pursuant to individual restricted stock unit agreements (in shares)						55,790	182,936	599,810
Vesting percentage year one (in hundredths)									33.00%
Vesting percentage year two (in hundredths)									33.00%
Vesting percentage year three (in hundredths)									34.00%
Vesting period								3 years		3 years
Shares to be vested and issued on vesting date March 1, 2011 (in shares)						30,429
Shares to be vested and issued on vesting date March 1, 2014 (in shares)						25,361
Reserved shares for issuance (in shares)					1,260,000
Percentage of fully diluted shares outstanding (in hundredths)				10.00%
Common shares reserved after amendment (in shares)				3,500,000
Contractual terms stock option										10 years
Number of service options [Roll Forward]
Service options outstanding at December 31, 2012 (in shares)										195,475
Granted (in shares)										0
Exercised (in shares)										0
Forfeited (in shares)										(30,278)
Service options outstanding at December 31, 2013 (in shares)										165,197
Service options vested or expected to vest (in shares)										165,197
Service options exercisable at December 31, 2013 (in shares)										0
Weighted Average Grant-date Fair Value [Roll Forward]
Service options outstanding at December 31, 2012 (in dollars per share)										$ 0
Granted (in dollars per share)										$ 0
Exercised (in dollars per share)										$ 0
Forfeited (in dollars per share)										$ 8.00
Service options outstanding at December 31, 2013 (in dollars per share)										$ 8.00
Service options vested or expected to vest (in dollars per share)										$ 8.00
Service options exercisable at December 31, 2013 (in dollars per share)										$ 0
Weighted Average Remaining Vesting period [Abstract]
Service options outstanding at December 31, 2013										1 year 1 month 6 days
Service options vested or expected to vest										1 year 1 month 6 days
Service options exercisable at December 31, 2013										0 years
Aggregate Intrinsic Value [Abstract]
Service options outstanding at December 31, 2013										$ 0
Service options vested or expected to vest										0
Service options exercisable at December 31, 2013										0
Number of RSU's [Roll Forward]
RSUs unvested at December 31, 2012 (in shares)								664,509
Granted (in shares)						55,790	182,936	599,810
Vested (in shares)								(196,922)
Forfeited (in shares)								(179,439)
RSUs unvested at December 31, 2013 (in shares)								887,958
RSUs expected to vest (in shares)								705,747
Weighted Average Grant Date Fair Value [Roll Forward]
RSUs unvested at December 31, 2012 (in dollars per share)								$ 9.97
Granted (in dollars per share)								$ 5.37
Vested (in dollars per share)								$ 10.35
Forfeited (in dollars per share)								$ 7.31
RSUs unvested at December 31, 2013 (in dollars per share)								$ 7.28
RSUs expected to vest (in dollars per share)								$ 7.33
Weighted Average Remaining Vesting Period [Abstract]
RSUs unvested at December 31, 2013								1 year 6 months
RSUs expected to vest								1 year 6 months
Compensation expense for share-based compensation programs [Abstract]
Share-based compensation expense	2,411,000	3,119,000	2,397,000
Unrecognized pre-tax compensation expense				2,100,000
Weighted-average period of recognition				1 year 6 months
Fair market value of vested shares								700,000
Fair market value of vested and expected to shares								$ 2,200,000
Assumption used with Black Scholes option-pricing model [Abstract]
Expected Dividend Yield (in hundredths)	0.00%
Expected Volatility in Stock Price (in hundredths)	56.40%
Risk-Free Interest Rate (in hundredths)	0.90%
Expected Life of Stock Awards	6 years
Weighted-Average Fair Value at Grant Date (in dollars per share)	$ 4.19

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Product Warranties (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Product Warranties [Abstract]
Product warranty period, minimum	1 year
Product warranty period, maximum	5 years
Product recall campaign, recognized charges			$ 700,000
Brake drum quality issue, recognized charges			2,500,000
Product warranty activity [Roll Forward]
Balance-beginning of period	294,000	797,000	3,701,000
Provision for new warranties	249,000	568,000	4,047,000
Payments	(258,000)	(1,071,000)	(5,752,000)
Sale of certain assets and liabilities	16,000	0	(1,199,000)
Balance-end of period	$ 301,000	$ 294,000	$ 797,000

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Assets Held for Sale (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Assets Held for Sale [Abstract]
Assets held for sale	$ 1,293,000	$ 0
Net proceeds	$ 1,100,000

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Inventories

12 Months Ended

Dec. 31, 2013

Inventories [Abstract]

Inventories

Note 3 – Inventories

Inventories at December 31, 2013 and 2012, on a FIFO basis, were as follows:

(In thousands)	December 31, 2013		December 31, 2012
Raw materials	$	7,483	$	15,731
Work in process		12,996		13,168
Finished manufactured goods		18,850		32,293
Total inventories	$	39,329	$	61,192

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Guarantor and Non-guarantor Financial Statements (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Guarantor and Non-guarantor Financial Statements [Abstract]
Percentage of ownership in domestic subsidiaries (in hundredths)	100.00%								100.00%
ASSETS
Cash and cash equivalents	$ 33,426				$ 26,751				$ 33,426	$ 26,751	$ 56,915
Accounts and other receivables, net	59,520				64,596				59,520	64,596
Inventories	39,329				61,192				39,329	61,192
Other current assets	16,993				10,175				16,993	10,175
Total current assets	149,268				162,714				149,268	162,714
Property, plant, and equipment, net	219,624				267,377				219,624	267,377
Goodwill	100,697				100,697				100,697	100,697	163,536
Intangible assets, net	125,430				134,180				125,430	134,180	181,349
Investments in and advances to subsidiaries and affiliates	0				0				0	0
Other non-current assets	16,758				12,848				16,758	12,848
TOTAL	611,777				677,816				611,777	677,816
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	47,527				59,181				47,527	59,181
Accrued payroll and compensation	8,763				10,726				8,763	10,726
Accrued interest payable	12,535				12,543				12,535	12,543
Accrued and other liabilities	21,174				24,311				21,174	24,311
Total current liabilities	89,999				106,761				89,999	106,761
Long term debt	330,183				324,133				330,183	324,133
Deferred and non-current income taxes	17,528				27,232				17,528	27,232
Other non-current liabilities	112,183				154,817				112,183	154,817
Stockholders' equity	61,884				64,873				61,884	64,873	257,383	298,099
TOTAL	611,777				677,816				611,777	677,816
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Net sales	144,691	155,264	179,941	162,987	148,575	187,255	229,487	229,317	642,883	794,634	804,537
Cost of goods sold	135,989	144,994	161,235	156,709	151,317	181,259	204,332	206,725	598,927	743,633	726,927
GROSS PROFIT	8,702	10,270	18,706	6,278	(2,742)	5,996	25,155	22,592	43,956	51,001	77,610
Operating expenses	10,371	10,995	12,747	11,075	146,274	13,809	15,286	14,862	45,188	190,231	56,883
INCOME (LOSS) FROM OPERATIONS	(1,669)	(725)	5,959	(4,797)	(149,016)	(7,813)	9,869	7,730	(1,232)	(139,230)	20,727
Other income (expense):
Interest expense, net									(35,027)	(34,938)	(34,097)
Equity in earnings of subsidiaries									0	0	0
Other income (expense), net									(320)	(864)	3,627
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS									(36,579)	(175,032)	(9,743)
Income tax provision (benefit)	(12,622)	(495)	1,464	1,409	(4,487)	(106)	1,339	1,597	(10,244)	(1,657)	7,761
LOSS FROM CONTINUING OPERATIONS	1,918	(8,395)	(5,103)	(14,755)	(154,543)	(15,813)	(564)	(2,455)	(26,335)	(173,375)	(17,504)
Discontinued operations, net of tax	(307)	(10,220)	(259)	(1,192)	(1,995)	(1,866)	(277)	(494)	(11,978)	(4,632)	473
NET INCOME (LOSS)	1,611	(18,615)	(5,362)	(15,947)	(156,538)	(17,679)	(841)	(2,949)	(38,313)	(178,007)	(17,031)
Comprehensive income (loss)									(5,191)	(195,419)	(42,892)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	1,611	(18,615)	(5,362)	(15,947)	(156,538)	(17,679)	(841)	(2,949)	(38,313)	(178,007)	(17,031)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation									35,579	181,866	38,918
Amortization - deferred financing costs									2,684	2,759	2,759
Amortization - other intangible assets									8,750	10,981	12,360
(Gain) loss on disposal of assets									12,087	875	444
Deferred income taxes									(13,035)	(3,803)	4,294
Non-cash stock-based compensation									2,411	3,119	2,397
Equity in earnings of subsidiaries									0		0
Non-cash change in warrant liability									0	0	(3,971)
Change in other operating items									(15,244)	10,240	(41,707)
Net cash provided by (used in) operating activities									(5,081)	28,030	(1,537)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment									(38,855)	(59,194)	(58,371)
Proceeds from notes receivable									0
Payments on notes receivable									0
Other									46,944	1,000	18,357
Net cash provided by (used in) investing activities									8,089	(58,194)	(40,014)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of notes payable									(20,000)
Increase in revolving credit advance									25,000	0	20,000
Proceeds from notes payable									25,000
Other									(1,333)	0
Net cash provided by (used in) financing activities									3,667	0	20,000
Increase (decrease) in cash and cash equivalents									6,675	(30,164)	(21,551)
CASH AND CASH EQUIVALENTS-Beginning of period				26,751				56,915	26,751	56,915	78,466
CASH AND CASH EQUIVALENTS-End of period	33,426				26,751				33,426	26,751	56,915
Parent [Member]
ASSETS
Cash and cash equivalents	31,018				24,113				31,018	24,113	51,578
Accounts and other receivables, net	97,382				36,107				97,382	36,107
Inventories	16,858				19,563				16,858	19,563
Other current assets	7,159				7,231				7,159	7,231
Total current assets	152,417				86,985				152,417	86,985
Property, plant, and equipment, net	80,286				93,990				80,286	93,990
Goodwill	96,283				96,283				96,283	96,283
Intangible assets, net	122,764				131,347				122,764	131,347
Investments in and advances to subsidiaries and affiliates	128,059				95,875				128,059	95,875
Other non-current assets	5,971				14,066				5,971	14,066
TOTAL	585,780				518,546				585,780	518,546
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	12,092				14,809				12,092	14,809
Accrued payroll and compensation	1,604				1,241				1,604	1,241
Accrued interest payable	12,535				12,543				12,535	12,543
Accrued and other liabilities	112,164				9,061				112,164	9,061
Total current liabilities	138,395				37,654				138,395	37,654
Long term debt	330,183				324,133				330,183	324,133
Deferred and non-current income taxes	36,970				73,410				36,970	73,410
Other non-current liabilities	18,348				18,476				18,348	18,476
Stockholders' equity	61,884				64,873				61,884	64,873
TOTAL	585,780				518,546				585,780	518,546
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Net sales									429,175	438,350	432,934
Cost of goods sold									403,996	420,062	374,709
GROSS PROFIT									25,179	18,288	58,225
Operating expenses									43,118	16,384	46,748
INCOME (LOSS) FROM OPERATIONS									(17,939)	1,904	11,477
Other income (expense):
Interest expense, net									(35,664)	(34,672)	(33,475)
Equity in earnings of subsidiaries									11,786	(147,264)	(27,772)
Other income (expense), net									(259)	1,167	37,788
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS									(42,076)	(178,865)	(11,982)
Income tax provision (benefit)									(3,763)	(858)	5,049
LOSS FROM CONTINUING OPERATIONS									(38,313)	(178,007)	(17,031)
Discontinued operations, net of tax									0	0	0
NET INCOME (LOSS)									(38,313)	(178,007)	(17,031)
Comprehensive income (loss)									(5,191)	(195,419)	(42,892)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)									(38,313)	(178,007)	(17,031)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation									10,503	10,493	10,717
Amortization - deferred financing costs									2,684	2,759	2,759
Amortization - other intangible assets									8,583	8,616	8,767
(Gain) loss on disposal of assets									761	(1,950)	(11,461)
Deferred income taxes									(3,910)	(1,571)	4,842
Non-cash stock-based compensation									2,411	3,119	2,397
Equity in earnings of subsidiaries									(12,205)	147,264	27,772
Non-cash change in warrant liability											(3,971)
Change in other operating items									77,131	35,877	(35,831)
Net cash provided by (used in) operating activities									47,645	26,600	(11,040)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment									(15,283)	(25,152)	(10,115)
Proceeds from notes receivable									(73,047)
Payments on notes receivable									29,207
Other									14,944	(37,823)	(22,381)
Net cash provided by (used in) investing activities									(44,179)	(62,975)	(32,496)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of notes payable									(245,359)
Increase in revolving credit advance											20,000
Proceeds from notes payable									250,131
Other									(1,333)	8,910
Net cash provided by (used in) financing activities									3,439	8,910	20,000
Increase (decrease) in cash and cash equivalents									6,905	(27,465)	(23,536)
CASH AND CASH EQUIVALENTS-Beginning of period				24,113				51,578	24,113	51,578	75,114
CASH AND CASH EQUIVALENTS-End of period	31,018				24,113				31,018	24,113	51,578
Guarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	0				(29)				0	(29)	(2,547)
Accounts and other receivables, net	19,955				18,403				19,955	18,403
Inventories	20,759				24,528				20,759	24,528
Other current assets	4,357				1,727				4,357	1,727
Total current assets	45,071				44,658				45,071	44,658
Property, plant, and equipment, net	103,800				110,894				103,800	110,894
Goodwill	4,414				4,414				4,414	4,414
Intangible assets, net	2,666				2,833				2,666	2,833
Investments in and advances to subsidiaries and affiliates	0				0				0	0
Other non-current assets	1,791				586				1,791	586
TOTAL	157,742				163,385				157,742	163,385
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	28,215				26,999				28,215	26,999
Accrued payroll and compensation	5,776				7,203				5,776	7,203
Accrued interest payable	0				0				0	0
Accrued and other liabilities	22,705				41,531				22,705	41,531
Total current liabilities	57				75,733				57	75,733
Long term debt	0				0				0	0
Deferred and non-current income taxes	(19,108)				(39,830)				(19,108)	(39,830)
Other non-current liabilities	75,769				106,671				75,769	106,671
Stockholders' equity	44,385				20,811				44,385	20,811
TOTAL	157,742				163,385				157,742	163,385
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Net sales									288,220	398,662	388,641
Cost of goods sold									277,955	371,192	378,352
GROSS PROFIT									10,265	27,470	10,289
Operating expenses									1,747	173,557	9,795
INCOME (LOSS) FROM OPERATIONS									8,518	(146,087)	494
Other income (expense):
Interest expense, net									(800)	(239)	(275)
Equity in earnings of subsidiaries									0	0	0
Other income (expense), net									222	243	3,298
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS									7,940	(146,083)	3,517
Income tax provision (benefit)									(8,438)	0	0
LOSS FROM CONTINUING OPERATIONS									16,378	(146,083)	3,517
Discontinued operations, net of tax									0	0	0
NET INCOME (LOSS)									16,378	(146,083)	3,517
Comprehensive income (loss)									32,012	(153,548)	(10,646)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)									16,378	(146,083)	3,517
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation									19,584	159,067	20,802
Amortization - deferred financing costs									0	0	0
Amortization - other intangible assets									167	2,365	2,614
(Gain) loss on disposal of assets									176	2,718	(957)
Deferred income taxes									(8,438)	0	0
Non-cash stock-based compensation									0	0	0
Equity in earnings of subsidiaries									0	0	0
Change in other operating items									(53,546)	(20,193)	15,603
Net cash provided by (used in) operating activities									(25,679)	(2,126)	41,579
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment									(19,573)	(24,200)	(42,249)
Proceeds from notes receivable									(185,927)
Payments on notes receivable									187,368
Other									0	28,844	0
Net cash provided by (used in) investing activities									(18,132)	4,644	(42,249)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of notes payable									(29,207)
Increase in revolving credit advance											0
Proceeds from notes payable									73,047
Other									0	0
Net cash provided by (used in) financing activities									43,840	0	0
Increase (decrease) in cash and cash equivalents									29	2,518	(670)
CASH AND CASH EQUIVALENTS-Beginning of period				(29)				(2,547)	(29)	(2,547)	(1,877)
CASH AND CASH EQUIVALENTS-End of period	0				(29)				0	(29)	(2,547)
Non-guarantor Subsidiaries [Member]
ASSETS
Cash and cash equivalents	2,408				2,667				2,408	2,667	7,884
Accounts and other receivables, net	60,538				40,713				60,538	40,713
Inventories	2,022				17,681				2,022	17,681
Other current assets	5,477				1,217				5,477	1,217
Total current assets	70,445				62,278				70,445	62,278
Property, plant, and equipment, net	35,538				62,493				35,538	62,493
Goodwill	0				0				0	0
Intangible assets, net	0				0				0	0
Investments in and advances to subsidiaries and affiliates	0				0				0	0
Other non-current assets	8,996				5,099				8,996	5,099
TOTAL	114,979				129,870				114,979	129,870
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	7,220				17,373				7,220	17,373
Accrued payroll and compensation	1,383				2,282				1,383	2,282
Accrued interest payable	0				0				0	0
Accrued and other liabilities	4,970				4,926				4,970	4,926
Total current liabilities	13,573				24,581				13,573	24,581
Long term debt	0				0				0	0
Deferred and non-current income taxes	(334)				555				(334)	555
Other non-current liabilities	18,066				29,670				18,066	29,670
Stockholders' equity	83,674				75,064				83,674	75,064
TOTAL	114,979				129,870				114,979	129,870
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Net sales									132,776	146,620	147,236
Cost of goods sold									123,535	141,377	138,140
GROSS PROFIT									9,241	5,243	9,096
Operating expenses									323	290	340
INCOME (LOSS) FROM OPERATIONS									8,918	4,953	8,756
Other income (expense):
Interest expense, net									1,437	(27)	(347)
Equity in earnings of subsidiaries									0	0	0
Other income (expense), net									(283)	(2,274)	(37,459)
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS									10,072	2,652	(29,050)
Income tax provision (benefit)									1,957	(799)	2,712
LOSS FROM CONTINUING OPERATIONS									8,115	3,451	(31,762)
Discontinued operations, net of tax									(11,978)	(4,632)	473
NET INCOME (LOSS)									(3,863)	(1,181)	(31,289)
Comprehensive income (loss)									10,044	(8,663)	(39,443)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)									(3,863)	(1,181)	(31,289)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation									5,492	12,306	7,399
Amortization - deferred financing costs									0	0	0
Amortization - other intangible assets									0	0	979
(Gain) loss on disposal of assets									11,150	107	12,862
Deferred income taxes									(687)	(2,232)	(548)
Non-cash stock-based compensation									0	0	0
Equity in earnings of subsidiaries									0	0	0
Change in other operating items									(39,139)	(5,444)	(21,479)
Net cash provided by (used in) operating activities									(27,047)	3,556	(32,076)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment									(3,999)	(9,842)	(6,007)
Proceeds from notes receivable									(39,204)
Payments on notes receivable									37,991
Other									32,000	9,979	40,738
Net cash provided by (used in) investing activities									26,788	137	34,731
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of notes payable									0
Increase in revolving credit advance											0
Proceeds from notes payable									0
Other									0	(8,910)
Net cash provided by (used in) financing activities									0	(8,910)	0
Increase (decrease) in cash and cash equivalents									(259)	(5,217)	2,655
CASH AND CASH EQUIVALENTS-Beginning of period				2,667				7,884	2,667	7,884	5,229
CASH AND CASH EQUIVALENTS-End of period	2,408				2,667				2,408	2,667	7,884
Eliminations [Member]
ASSETS
Cash and cash equivalents	0				0				0	0	0
Accounts and other receivables, net	(118,355)				(30,627)				(118,355)	(30,627)
Inventories	(310)				(580)				(310)	(580)
Other current assets	0				0				0	0
Total current assets	(118,665)				(31,207)				(118,665)	(31,207)
Property, plant, and equipment, net	0				0				0	0
Goodwill	0				0				0	0
Intangible assets, net	0				0				0	0
Investments in and advances to subsidiaries and affiliates	(128,059)				(95,875)				(128,059)	(95,875)
Other non-current assets	0				(6,903)				0	(6,903)
TOTAL	(246,724)				(133,985)				(246,724)	(133,985)
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	0				0				0	0
Accrued payroll and compensation	0				0				0	0
Accrued interest payable	0				0				0	0
Accrued and other liabilities	(118,665)				(31,207)				(118,665)	(31,207)
Total current liabilities	(118,665)				(31,207)				(118,665)	(31,207)
Long term debt	0				0				0	0
Deferred and non-current income taxes	0				(6,903)				0	(6,903)
Other non-current liabilities	0				0				0	0
Stockholders' equity	(128,059)				(95,875)				(128,059)	(95,875)
TOTAL	(246,724)				(133,985)				(246,724)	(133,985)
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Net sales									(207,288)	(188,998)	(164,274)
Cost of goods sold									(206,559)	(188,998)	(164,274)
GROSS PROFIT									(729)	0	0
Operating expenses									0	0	0
INCOME (LOSS) FROM OPERATIONS									(729)	0	0
Other income (expense):
Interest expense, net									0	0	0
Equity in earnings of subsidiaries									(11,786)	147,264	27,772
Other income (expense), net									0	0	0
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS									(12,515)	147,264	27,772
Income tax provision (benefit)									0	0	0
LOSS FROM CONTINUING OPERATIONS									(12,515)	147,264	27,772
Discontinued operations, net of tax									0	0	0
NET INCOME (LOSS)									(12,515)	147,264	27,772
Comprehensive income (loss)									(42,056)	162,211	50,089
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)									(12,515)	147,264	27,772
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation									0	0	0
Amortization - deferred financing costs									0	0	0
Amortization - other intangible assets									0	0	0
(Gain) loss on disposal of assets									0	0	0
Deferred income taxes									0	0	0
Non-cash stock-based compensation									0	0	0
Equity in earnings of subsidiaries									12,205	(147,264)	(27,772)
Non-cash change in warrant liability											0
Change in other operating items									310	0	0
Net cash provided by (used in) operating activities									0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment									0	0	0
Proceeds from notes receivable									298,178
Payments on notes receivable									(254,566)
Other									0	0	0
Net cash provided by (used in) investing activities									43,612	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of notes payable									254,566
Increase in revolving credit advance											0
Proceeds from notes payable									(298,178)
Other									0	0
Net cash provided by (used in) financing activities									(43,612)	0	0
Increase (decrease) in cash and cash equivalents									0	0	0
CASH AND CASH EQUIVALENTS-Beginning of period				0				0	0	0	0
CASH AND CASH EQUIVALENTS-End of period	$ 0				$ 0				$ 0	$ 0	$ 0

XML

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Details) (USD $)	0 Months Ended	3 Months Ended								12 Months Ended
	Jun. 20, 2011	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013 Transaction	Dec. 31, 2012	Dec. 31, 2011 sqft
Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Purchase price (cash consideration)	$ 22,400,000
Area of manufacturing facility acquired												80,000
Sales price of discontinued operation										30,000,000
Contingent earn-out										2,250,000
Loss from sale of discontinued operation										11,985,000	571,000	6,726,000
Impairment charge included in the loss from sale of discontinued operation										2,500,000
Cash and Cash Equivalents [Abstract]
Duration of cash and cash equivalents included in liquid investments maximum										3 days
Income Taxes [Abstract]
Number of years considered for cumulative operating income loss		3 years								3 years
Deferred tax assets - Valuation allowance		(99,594,000)				(101,248,000)				(99,594,000)	(101,248,000)
Likelihood percentage (in hundredths)		50.00%								50.00%
Product Warranties [Abstract]
Product warranty description										Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.
Research and Development Costs [Abstract]
Research and development costs										5,700,000	6,600,000	4,800,000
Foreign Currency [Abstract]
Foreign currency loss										600,000	1,100,000	100,000
Numerator [Abstract]
Net loss from continuing operations		1,918,000	(8,395,000)	(5,103,000)	(14,755,000)	(154,543,000)	(15,813,000)	(564,000)	(2,455,000)	(26,335,000)	(173,375,000)	(17,504,000)
Net income (loss) from discontinuing operations		(307,000)	(10,220,000)	(259,000)	(1,192,000)	(1,995,000)	(1,866,000)	(277,000)	(494,000)	(11,978,000)	(4,632,000)	473,000
NET INCOME (LOSS)		1,611,000	(18,615,000)	(5,362,000)	(15,947,000)	(156,538,000)	(17,679,000)	(841,000)	(2,949,000)	(38,313,000)	(178,007,000)	(17,031,000)
Denominator [Abstract]
Weighted average shares outstanding - Basic (in shares)										47,548,000	47,378,000	47,277,000
Weighted average shares outstanding - Diluted (in shares)										47,548,000	47,378,000	47,277,000
Basic loss per common share:
Basic income (loss) per share - continuing operations (in dollars per share)		$ 0.04	$ (0.18)	$ (0.11)	$ (0.31)	$ (3.26)	$ (0.34)	$ (0.01)	$ (0.05)	$ (0.56)	$ (3.66)	$ (0.37)
Basic income (loss) per share - discontinued operations (in dollars per share)		$ (0.01)	$ (0.21)	$ 0	$ (0.03)	$ (0.04)	$ (0.04)	$ (0.01)	$ (0.01)	$ (0.25)	$ (0.10)	$ 0.01
Basic income (loss) per share (in dollars per share)		$ 0.03	$ (0.39)	$ (0.11)	$ (0.34)	$ (3.30)	$ (0.38)	$ (0.02)	$ (0.06)	$ (0.81)	$ (3.76)	$ (0.36)
Diluted loss per common share
Diluted income (loss) per share - continuing operations (in dollars per share)		$ 0.04	$ (0.18)	$ (0.11)	$ (0.31)	$ (3.26)	$ (0.34)	$ (0.01)	$ (0.05)	$ (0.56)	$ (3.66)	$ (0.37)
Diluted income (loss) per share - discontinued operations (in dollars per share)		$ (0.01)	$ (0.21)	$ 0	$ (0.03)	$ (0.04)	$ (0.04)	$ (0.01)	$ (0.01)	$ (0.25)	$ (0.10)	$ 0.01
Diluted income (loss) per share (in dollars per share)		$ 0.03	$ (0.39)	$ (0.11)	$ (0.34)	$ (3.30)	$ (0.38)	$ (0.02)	$ (0.06)	$ (0.81)	$ (3.76)	$ (0.36)
Stock-Based Compensation [Abstract]
Number of purchase right distributed as dividend		1								1
Shares on exercise of right		one one-hundredth of a share of our Series A Junior Participating Preferred Stock								one one-hundredth of a share of our Series A Junior Participating Preferred Stock
Junior participating preferred stock purchase price (in dollars per share)		$ 30.00								$ 30.00
Period for exercise of right										10 days
Percentage of beneficial ownership considered for exercise of right (in hundredths)										20.00%
Market price of shares as number of times of purchase price of right										2
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options exercisable which were not included in computation of diluted earnings per share (in shares)										165,197	195,475	2,205,882
Foreign Exchange Forward Contracts [Member]
Derivative [Line Items]
Notional amount		$ 0				$ 1,300,000				$ 0	$ 1,300,000
Building and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives										15 years
Building and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives										40 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives										10 years
Internal Use Software [Member]
Property, Plant and Equipment [Line Items]
Useful lives										3 years

XML

Inventories (Tables)

12 Months Ended

Dec. 31, 2013

Inventories [Abstract]

Inventories on a FIFO basis

Inventories at December 31, 2013 and 2012, on a FIFO basis, were as follows:

(In thousands)	December 31, 2013		December 31, 2012
Raw materials	$	7,483	$	15,731
Work in process		12,996		13,168
Finished manufactured goods		18,850		32,293
Total inventories	$	39,329	$	61,192

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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations [Abstract]

Sales and income from operations attributable to discontinued operations

The following table presents sales and income from operations attributable to Imperial, Fabco, Bostrom Seating and Brillion Farm.

	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales	$	70,965		$	135,137		$	155,883
Income (loss) from operations		(1,758	)		(4,061	)		6,877
Other Income (Expense)		1,765			—			(31	)
Income tax provision (benefit)		—			—			(353	)
Loss on sale		(11,985	)		(571	)		(6,726	)
Discontinued operations	$	(11,978	)	$	(4,632	)	$	473

Schedule of values of sold assets

The loss related to the sale of Imperial as of July 31, 2013 was as follows:

(In thousands)
Proceeds from sale	$	30,000
Accounts receivable		12,478
Inventories	10,692
Prepaid expenses and other current assets	63
Property, plant, and equipment	21,868
Accounts payable	(8,672		)
Net assets sold		36,429
Impairment of real estate		2,540
Other accrued fees and expenses		3,016
Net loss from sale	$	(11,985	)

XML

Segment Reporting, Reconciliation of Revenue from Segments to Consolidated (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Sales by product grouping [Abstract]
Net sales	$ 144,691	$ 155,264	$ 179,941	$ 162,987	$ 148,575	$ 187,255	$ 229,487	$ 229,317	$ 642,883	$ 794,634	$ 804,537
Sales by customers [Member]
Sales by product grouping [Abstract]
% Of Sales (in hundredths)									37.70%	36.50%	39.80%
Sales by product grouping [Member]
Sales by product grouping [Abstract]
Net sales									642,883	794,634	804,537
% Of Sales (in hundredths)									100.00%	100.00%	100.00%
Wheels [Member] | Sales by product grouping [Member]
Sales by product grouping [Abstract]
Net sales									364,614	414,340	406,587
% Of Sales (in hundredths)									57.00%	52.00%	51.00%
Wheel end components and assemblies [Member] | Sales by product grouping [Member]
Sales by product grouping [Abstract]
Net sales									168,988	221,974	251,113
% Of Sales (in hundredths)									26.00%	28.00%	31.00%
Ductile and gray iron castings [Member] | Sales by product grouping [Member]
Sales by product grouping [Abstract]
Net sales									$ 109,281	$ 158,320	$ 146,837
% Of Sales (in hundredths)									17.00%	20.00%	18.00%

XML

Discontinued Operations (Details) (USD $)	12 Months Ended			1 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Jul. 31, 2013 Imperial Group [Member]	Dec. 31, 2013 Imperial Group [Member] Plant	Dec. 31, 2011 Fabco Automotive [Member]	Dec. 31, 2012 Bostrom Seating [Member]	Dec. 31, 2011 Bostrom Seating [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales price of discontinued operation	$ 30,000,000					$ 35,000,000		$ 8,800,000
Contingent earn-out	2,250,000				2,250,000	2,000,000
Number of Plants					3
Impairment charge included in the loss from sale of discontinued operation	2,500,000				2,500,000
Term of lease					2 years
Lease renewal period					1 year
Rental income per year					75,000
Discontinued operations [Abstract]
Net sales	70,965,000	135,137,000	155,883,000
Income (loss) from operations	(1,758,000)	(4,061,000)	6,877,000			6,300,000		300,000
Other income (expense)	1,765,000	0	(31,000)
Income tax provision (benefit)	0	0	(353,000)
Loss on sale	(11,985,000)	(571,000)	(6,726,000)
Discontinued operations	(11,978,000)	(4,632,000)	473,000
Cash held in escrow								1,000,000
Funds held in escrow period								1 year
Proceeds from escrow deposit							1,000,000
Transaction fees						2,100,000
Total cash consideration	30,000,000					35,000,000		8,800,000
Proceeds from sale				30,000,000
Accounts receivable				12,478,000
Inventories				10,692,000
Prepaid expenses and other current assets				63,000
Property, plant, and equipment				21,868,000
Accounts payable				(8,672,000)
Net assets sold				36,429,000
Impairment of real estate				2,540,000
Other accrued fees and expenses				3,016,000
Net loss from sale				$ (11,985,000)

XML

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Other Intangible Assets [Abstract]

Carrying amount of goodwill on a reportable segment basis

 The following represents the carrying amount of goodwill, on a reportable segment basis:

(In thousands)	Wheels		Gunite			Brillion Iron Works		Total
Balance as of December 31, 2011	$	96,283	$	62,839		$	4,414	$	163,536
Impairment loss		—		(62,839	)		—		(62,839	)
Balance as of December 31, 2012	$	96,283	$	—		$	4,414	$	100,697
Balance as of December 31, 2013	$	96,283	$	—		$	4,414	$	100,697

Carrying amount of other intangible assets by reportable segment

The changes in the carrying amount of other intangible assets for the period December 31, 2011 to December 31, 2013 by reportable segment for the Company, are as follows:

(In thousands)	Wheels			Gunite			Brillion Iron Works			Corporate			Total
Balance as of December 31, 2011	$	138,575		$	38,968		$	2,997		$	809		$	181,349
Additions		—			—			—			580			580
Impairment loss		—			(36,768	)		—			—			(36,768	)
Amortization		(7,907	)		(2,200	)		(164	)		(710	)		(10,981	)
Balance as of December 31, 2012	$	130,668		$	—		$	2,833		$	679		$	134,180
Additions		—			—			—			—			—
Amortization		(7,904	)		—			(167	)		(679	)		(8,750	)
Impairment loss		—			—			—			—			—
Balance as of December 31, 2013	$	122,764		$	—		$	2,666		$	—		$	125,430

Summary of goodwill and other intangible assets

The summary of goodwill and other intangible assets is as follows:

			As of December 31, 2013						As of December 31, 2012
(In thousands)	Weighted Average Useful Lives		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount
Goodwill		—	$	100,697	$	—	$	100,697	$	100,697	$	—	$	100,697
Other intangible assets:
Non-compete agreements		1.7	$	1,552	$	1,552	$	—	$	1,552	$	873	$	679
Trade names		—		25,200		—		25,200		33,200		8,000		25,200
Technology		10.0		38,849		20,497		18,352		38,849		17,547		21,302
Customer relationships		19.9		129,093		47,215		81,878		129,093		42,094		86,999
			$	194,694	$	69,264	$	125,430	$	202,694	$	68,514	$	134,180

XML

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property, plant and equipment at December 31, 2013 and 2012 consist of the following:

(In thousands)	2013		2012
Land and land improvements	$	16,124	$	19,959
Buildings		63,242		62,605
Machinery and equipment		259,697		293,251
Property, plant and equipment, gross		339,063		375,815
Less: accumulated depreciation		119,439		108,438
Property, plant and equipment, net	$	219,624	$	267,377

XML

Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations [Abstract]

Discontinued Operations

Note 2 – Discontinued Operations

On August 1, 2013, the Company announced that it completed the sale of substantially all of the assets of its Imperial Group business to Imperial Group Manufacturing, Inc., a new company formed and capitalized by Wynnchurch Capital for total cash consideration of $30.0 million at closing, plus a contingent earn-out opportunity of up to $2.25 million.  The sale was effective as of 11:59 p.m. on July 31, 2013.  The sale resulted in recognition of a $12.0 million loss for the year ended December 31, 2013, which has been reclassified to discontinued operations.

Pursuant to the provisions of the purchase agreement, subject to certain limited exceptions, the purchaser purchased from Imperial all equipment, inventories, accounts receivable, deposits, prepaid expenses, intellectual property, contracts, real property interests, transferable permits and other intangibles related to the business and assumed Imperial’s trade and vendor accounts payable and performance obligations under those contracts included in the purchased assets.  The real property interests acquired by the purchaser include ownership of three plants located in Decatur, Texas, Dublin, Virginia and Chehalis, Washington and a leasehold interest in a plant located in Denton, Texas.  Imperial retained ownership of its real property located in Portland, Tennessee and included a $2.5 million impairment charge for this property in the loss on sale.   The Company leased such property to the purchaser under a two-year lease, with the option to renew the lease for one additional year.  Rent under the lease is fixed at $75,000 per year.

On January 31, 2011, substantially all of the assets, liabilities and business of our Bostrom Seating subsidiary were sold to a subsidiary of Commercial Vehicle Group, Inc. for approximately $8.8 million and resulted in recognition of a $0.3 million loss on our consolidated statements of operations and comprehensive income (loss) in the twelve months ended December 31, 2011, which have been reclassified to discontinued operations. Of the purchase price, $1.0 million was placed into a one year escrow securing the indemnification obligations of Bostrom to Commercial Vehicle Group, Inc. During the year ended December 31, 2012, the escrow was terminated and the Company received the full balance of $1.0 million from the escrow.

On September 26, 2011, the Company announced the sale of its wholly-owned subsidiary, Fabco Automotive Corporation (“Fabco”) to Fabco Holdings, Inc., a new company formed and capitalized by Wynnchurch Capital, Ltd. in partnership with Stone River Capital Partners, LLC. The sale concluded for a purchase price of $35.0 million, subject to a working capital adjustment, plus a contingent payment from the purchasers of up to $2.0 million depending on Fabco’s financial performance during calendar year 2012 which the Company received in 2013. The Company recognized a loss of $6.3 million, including $2.1 million in transactional fees, related to the sale transaction during the twelve months ended December 31, 2011, which is included as a component of discontinued operations.

In connection with these transactions, we have reclassified current and prior period operating results, including the gain/loss on the sale transactions, to discontinued operations. In addition, the Company has also reclassified certain operating results and the loss on sale transaction for Brillion Farm, which had previously been concluded as immaterial, to discontinued operations as well.

The following table presents sales and income from operations attributable to Imperial, Fabco, Bostrom Seating and Brillion Farm.

	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales	$	70,965		$	135,137		$	155,883
Income (loss) from operations		(1,758	)		(4,061	)		6,877
Other Income (Expense)		1,765			—			(31	)
Income tax provision (benefit)		—			—			(353	)
Loss on sale		(11,985	)		(571	)		(6,726	)
Discontinued operations	$	(11,978	)	$	(4,632	)	$	473

The loss related to the sale of Imperial as of July 31, 2013 was as follows:

(In thousands)
Proceeds from sale	$	30,000
Accounts receivable		12,478
Inventories	10,692
Prepaid expenses and other current assets	63
Property, plant, and equipment	21,868
Accounts payable	(8,672		)
Net assets sold		36,429
Impairment of real estate		2,540
Other accrued fees and expenses		3,016
Net loss from sale	$	(11,985	)

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Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt [Abstract]

Average Interest Rate and Average Amount Outstanding

The following table represents the average interest rate and average amount outstanding under our ABL facility as of the year ended December 31, 2013 and 2012:

	Average interest  rate for period ending						Average amount outstanding for period ending
	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,		Year Ended December 31,
(In thousands)	2013			2012			2013		2012
ABL Facility		3.70	%		4.15	%	$	38,180	$	20,000

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Product Warranties (Tables)

12 Months Ended

Dec. 31, 2013

Product Warranties [Abstract]

Product warranty activity

The following table summarizes product warranty activity recorded for years ended December 31, 2013, 2012 and 2011:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	294		$	797		$	3,701
Provision for new warranties		249			568			4,047
Payments		(258	)		(1,071	)		(5,752	)
Sale of certain assets and liabilities		16			—			(1,199	)
Balance—end of period	$	301		$	294		$	797

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Commitments (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Commitments [Abstract]
Purchase commitments related to fixed assets	$ 4,400,000	$ 4,300,000
Capital lease commitments	13,600,000	16,900,000
Rent expenses	3,500,000	4,500,000	4,500,000
Future minimum lease payments for all non-cancelable operating leases [Abstract]
2014	4,007,000
2015	3,694,000
2016	3,616,000
2017	3,199,000
2018	1,691,000
Thereafter	756,000
Total	$ 16,963,000

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Cash and cash equivalents	$ 33,426	$ 26,751
Customer receivables, net of allowance for doubtful accounts of $259 and $549 in 2013 and 2012, respectively	51,382	56,888
Other receivables	8,138	7,708
Inventories	39,329	61,192
Deferred income taxes	3,806	4,591
Prepaid expenses and other current assets	11,894	5,584
Assets held for sale	1,293	0
Total current assets	149,268	162,714
PROPERTY, PLANT AND EQUIPMENT, net	219,624	267,377
OTHER ASSETS:
Goodwill	100,697	100,697
Other intangible assets, net	125,430	134,180
Deferred financing costs, net of accumulated amortization of $3,649 and $4,127 in 2013 and 2012, respectively	6,440	6,741
Deferred income taxes	503	5,052
Other	9,815	1,055
TOTAL	611,777	677,816
CURRENT LIABILITIES:
Accounts payable	47,527	59,181
Accrued payroll and compensation	8,763	10,726
Accrued interest payable	12,535	12,543
Accrued workers compensation	4,373	5,868
Accrued and other liabilities	16,801	18,443
Total current liabilities	89,999	106,761
LONG-TERM DEBT	330,183	324,133
DEFERRED INCOME TAXES	17,528	19,021
NON-CURRENT INCOME TAXES PAYABLE	8,367	8,211
OTHER POSTRETIREMENT BENEFIT PLAN LIABILITY	70,584	82,689
PENSION BENEFIT PLAN LIABILITY	20,687	56,438
OTHER LIABILITIES	12,545	15,690
COMMITMENTS AND CONTINGENCIES (Notes 11 and 16)
STOCKHOLDERS' EQUITY:
Preferred Stock, $0.01 par value; 10,000,000 shares authorized	0	0
Common Stock, $0.01 par value; 80,000,000 shares authorized, 47,515,155 and 47,385,314 shares issued and outstanding at September 30, 2013 and December 31, 2012, respectively, and additional paid-in-capital	440,479	438,277
Accumulated other comprehensive loss	(18,712)	(51,834)
Accumulated deficiency	(359,883)	(321,570)
Total stockholders' equity	61,884	64,873
TOTAL	$ 611,777	$ 677,816

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Inventories on a FIFO basis [Abstract]
Raw materials	$ 7,483	$ 15,731
Work in process	12,996	13,168
Finished manufactured goods	18,850	32,293
Total inventories	$ 39,329	$ 61,192

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (38,313)	$ (178,007)	$ (17,031)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property, plant and equipment	35,579	48,134	38,918
Amortization - deferred financing costs	2,684	2,759	2,759
Amortization - other intangible assets	8,750	10,981	12,360
Impairment of goodwill	0	62,839	0
Impairment of other intangible assets	0	36,767	0
Impairment of property, plat, and equipment	0	34,126	0
Loss related to discontinued operations	11,985	0	0
Gain related to discontinued operations	(2,000)	0	0
Loss on disposal of assets	680	875	444
Provision for deferred income taxes	(13,035)	(3,803)	4,294
Non-cash stock-based compensation	2,411	3,119	2,397
Non-cash change in warrant liability	0	0	(3,971)
Changes in certain assets and liabilities:
Receivables	(7,402)	33,479	(29,287)
Inventories	11,171	11,635	(25,916)
Prepaid expenses and other assets	(6,639)	256	(26,208)
Accounts payable	6,865	(25,711)	26,103
Accrued and other liabilities	(17,817)	(9,419)	13,601
Net cash provided by (used in) operating activities	(5,081)	28,030	(1,537)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(38,855)	(59,194)	(58,371)
Proceeds from sale of discontinued operations	32,000	1,000	40,738
Payments for acquisition, net of cash received	0	0	(22,381)
Proceeds from sale leaseback transactions	14,944	0	0
Net cash provided by (used in) investing activities	8,089	(58,194)	(40,014)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in revolving credit advance	25,000	0	20,000
Decrease in revolving credit advance	(20,000)	0	0
Deferred financing fees	(1,333)	0	0
Net cash provided by (used in) financing activities	3,667	0	20,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6,675	(30,164)	(21,551)
CASH AND CASH EQUIVALENTS-Beginning of period	26,751	56,915	78,466
CASH AND CASH EQUIVALENTS-End of period	33,426	26,751	56,915
Supplemental cash flow information:
Cash paid for interest	32,011	31,822	31,133
Cash paid (received) for income taxes	2,219	225	(659)
Cash paid for capital leases	3,155	698	375
Non-cash transactions:
Purchases of property, plant and equipment in accounts payable	3,227	13,074	8,443
Capital lease agreements	$ 0	$ 14,964	$ 0

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Valuation and Qualifying Accounts (Details) (Allowance for Doubtful Accounts [Member], USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Allowance for Doubtful Accounts [Member]
Changes in valuation and qualifying accounts [Roll Forward]
Balance at Beginning of Year	$ 549	$ 676	$ 1,640
Charges (credits) to Cost and Expenses	139	267	618
Recoveries	89	(277)	22
Write-Offs	(366)	(117)	(1,604)
Balance at end of Year	$ 259	$ 549	$ 676

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Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2013

Stock-Based Compensation Plans [Abstract]

Summary of service option activity

Service Options – In August, 2012, we granted stock options to certain officers and other key employees as consideration for service. Options granted generally vest ratably over a three year period and have 10-year contractual terms. The table below summarizes service option activity during the year ended December 31, 2013:

	Number of Options			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period	Aggregate Intrinsic Value
Service options outstanding at December 31, 2012		195,475		$	—
Granted		—			—
Exercised		—			—
Forfeited		(30,278	)		8.00
Service options outstanding at December 31, 2013		165,197		$	8.00	1.1 years	—
Service options vested or expected to vest		165,197		$	8.00	1.1 years	—
Service options exercisable at December 31, 2013		—		$	—	—	—

Restricted stock activity

Restricted Stock Units (“RSUs”) – We grant RSUs to certain officers and other key employees as consideration for service. The table below summarizes RSU activity during the year ended December 31, 2013:

	Number of RSUs			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period
RSUs unvested at December 31, 2012		664,509		$	9.97
Granted		599,810			5.37
Vested		(196,922	)		10.35
Forfeited		(179,439	)		7.31
RSUs unvested at December 31, 2013		887,958		$	7.28	1.5 years
RSUs expected to vest		705,747		$	7.33	1.5 years

Share based compensation programs expense recognized

Compensation expense for share-based compensation programs was recognized as a component of operating expenses as follows:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Share-based compensation expense recognized	$	2,411	$	3,119	$	2,397

Assumption used with Black Scholes option-pricing model

In determining the estimated fair value of our share-based awards as of the grant date, we used the Black-Scholes option-pricing model with the assumptions illustrated in the table below:

	For the Year Ended December 31,
	2012
Expected Dividend Yield	0.0%
Expected Volatility in Stock Price	56.4%
Risk-Free Interest Rate	0.9%
Expected Life of Stock Awards	6.0 years
Weighted-Average Fair Value at Grant Date	$4.19

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Contingencies

12 Months Ended

Dec. 31, 2013

Contingencies [Abstract]

Contingencies

Note 16 - Contingencies

We are from time to time involved in various legal proceedings of a character normally incidental to our business. We do not believe that the outcome of these proceedings will have a material adverse effect on our consolidated financial condition or results of our operations and cash flows.

In addition to environmental laws that regulate our ongoing operations, we are also subject to environmental remediation liability. Under the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) and analogous state laws, we may be liable as a result of the release or threatened release of hazardous materials into the environment regardless of when the release occurred. We are currently involved in several matters relating to the investigation and/or remediation of locations where we have arranged for the disposal of foundry wastes. Such matters include situations in which we have been named or are believed to be potentially responsible parties in connection with the contamination of these sites. Additionally, environmental remediation may be required to address soil and groundwater contamination identified at certain of our facilities.

As of December 31, 2013, we had an environmental reserve of approximately $1.5 million, related primarily to our foundry operations. This reserve is based on management’s review of potential liabilities as well as cost estimates related thereto. Any expenditures required for us to comply with applicable environmental laws and/or pay for any remediation efforts will not be reduced or otherwise affected by the existence of the environmental reserve. Our environmental reserve may not be adequate to cover our future costs related to the sites associated with the environmental reserve, and any additional costs may have a material adverse effect on our business, results of operations or financial condition. The discovery of additional environmental issues, the modification of existing laws or regulations or the promulgation of new ones, more vigorous enforcement by regulators, the imposition of joint and several liability under CERCLA or analogous state laws, or other unanticipated events could also result in a material adverse effect.

The Iron and Steel Foundry National Emission Standard for Hazardous Air Pollutants (“NESHAP”) was developed pursuant to Section 112(d) of the Clean Air Act and requires major sources of hazardous air pollutants to install controls representative of maximum achievable control technology. Based on currently available information, we do not anticipate material costs regarding ongoing compliance with the NESHAP; however if we are found to be out of compliance with the NESHAP, we could incur liability that could have a material adverse effect on our business, results of operations or financial condition.

At the Erie, Pennsylvania, facility, we have obtained an environmental insurance policy to provide coverage with respect to certain environmental liabilities.

Management does not believe that the outcome of any environmental proceedings will have a material adverse effect on our consolidated financial condition or results of operations.

As of December 31, 2013, we had approximately 2,056 employees, of which 491 were salaried employees with the remainder paid hourly. Unions represent approximately 1,335 of our employees, which is approximately 65 percent of our total employees. Each of our unionized facilities has a separate contract with the union that represents the workers employed at such facility. The union contracts expire at various times over the next few years with the exception of our union contract that covers the hourly employees at our Monterrey, Mexico, facility, which expires on an annual basis in January unless otherwise renewed. The 2014 negotiations in Monterrey were successfully completed prior to the expiration of our union contract. In 2012, we extended the labor contract at our London, Ontario facility through March 2018.  In 2013, we successfully negotiated our collective bargaining agreement at our Brillion, Wisconsin facility, extending that agreement through June, 2018.

In 2014, we have collective bargaining agreements expiring at our Erie, Pennsylvania and Rockford, Illinois facilities.  We do not anticipate that our 2014 negotiations will have a material adverse effect on our operating performance or cost.

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Commitments (Tables)

12 Months Ended

Dec. 31, 2013

Commitments [Abstract]

Future minimum lease payments for all non-cancelable operating leases

We lease certain plant, office space, and equipment for varying periods. Management expects that in the normal course of business, expiring leases will be renewed or replaced by other leases. Purchase commitments related to fixed assets at December 31, 2013 and 2012 totaled $4.4 million and $4.3 million, respectively. Capital lease commitments totaled $13.6 million and $16.9 million in 2013 and 2012 respectively. Rent expense for the years ended December 31, 2013, 2012, and 2011, was $3.5 million, $4.5 million, and $4.5 million respectively. Future minimum lease payments for all non-cancelable operating leases having a remaining term in excess of one year at December 31, 2013, are as follows:

(In thousands)
2014	$	4,007
2015	3,694
2016	3,616
2017	3,199
2018	1,691
Thereafter	756
Total	$	16,963

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Guarantor and Non-guarantor Financial Statements

12 Months Ended

Dec. 31, 2013

Guarantor and Non-guarantor Financial Statements [Abstract]

Guarantor and Non-guarantor Financial Statements

Note 18—Guarantor and Non-guarantor Financial Statements

Our senior secured notes are, jointly and severally, fully and unconditionally guaranteed, on a senior basis, by all of our existing and future 100% owned domestic subsidiaries (“Guarantor Subsidiaries”). The non-guarantor subsidiaries are our foreign subsidiaries and discontinued operations. The following condensed financial information illustrates the composition of the combined Guarantor Subsidiaries:

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31, 2013
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
ASSETS
Cash and cash equivalents	$	31,018	$	—		$	2,408		$	—		$	33,426
Accounts and other receivables, net		97,382		19,955			60,538			(118,355	)		59,520
Inventories		16,858		20,759			2,022			(310	)		39,329
Other current assets		7,159		4,357			5,477			—			16,993
Total current assets		152,417		45,071			70,445			(118,665	)		149,268
Property, plant, and equipment, net		80,286		103,800			35,538			—			219,624
Goodwill		96,283		4,414			—			—			100,697
Intangible assets, net		122,764		2,666			—			—			125,430
Investments in and advances to subsidiaries and affiliates		128,059		—			—			(128,059	)		—
Other non-current assets		5,971		1,791			8,996			—			16,758
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	12,092	$	28,215		$	7,220			—		$	47,527
Accrued payroll and compensation		1,604		5,776			1,383			—			8,763
Accrued interest payable		12,535		—			—			—			12,535
Accrued and other liabilities		112,164		22,705			4,970		$	(118,665	)		21,174
Total current liabilities		138,395		56.696			13,573			(118,665	)		89,999
Long term debt		330,183		—			—			—			330,183
Deferred and non-current income taxes		36,970		(19,108	)		(334	)		—			17,528
Other non-current liabilities		18,348		75,769			18,066			—			112,183
Stockholders’ equity		61,884		44,385			83,674			(128,059	)		61,884
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777

	December 31, 2012
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Total
ASSETS
Cash and cash equivalents	$	24,084	$	—		$	2,667	$	—		$	26,751
Accounts and other receivables, net		36,107		18,403			40,713		(30,627	)		64,596
Inventories		19,563		24,528			17,681		(580	)		61,192
Other current assets		7,231		1,727			1,217		—			10,175
Total current assets		86,985		44,658			62,278		(31,207	)		162,714
Property, plant, and equipment, net		93,990		110,894			62,493		—			267,377
Goodwill		96,283		4,414			—		—			100,697
Intangible assets, net		131,347		2,833			—		—			134,180
Investments in and advances to subsidiaries and affiliates		95,875		—			—		(95,875	)		—
Other non-current assets		14,066		586			5,099		(6,903	)		12,848
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	14,809	$	26,999		$	17,373		—		$	59,181
Accrued payroll and compensation		1,241		7,203			2,282		—			10,726
Accrued interest payable		12,543		—			—		—			12,543
Accrued and other liabilities		9,061		41,531			4,926	$	(31,207	)		24,311
Total current liabilities		37,654		75,733			24,581		(31,207	)		106,761
Long term debt		324,133		—			—		—			324,133
Deferred and non-current income taxes		73,410		(39,830	)		555		(6,903	)		27,232
Other non-current liabilities		18,476		106,671			29,670		—			154,817
Stockholders’ equity		64,873		20,811			75,064		(95,875	)		64,873
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	Year ended December 31, 2013
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	429,175		$	288,220		$	132,776		$	(207,288	)	$	642,883
Cost of goods sold		403,996			277,955			123,535			(206,559	)		598,927
Gross profit		25,179			10,265			9,241			(729	)		43,956
Operating expenses		43,118			1,747			323			—			45,188
Income from operations		(17,939	)		8,518			8,918			(729	)		(1,232	)
Other income (expense):
Interest expense, net		(35,664	)		(800	)		1,437			—			(35,027	)
Equity in earnings of subsidiaries		11,786			—			—			(11,786	)		—
Other income (expense), net		(259	)		222			(283	)		—			(320	)
Income (loss) before income taxes from continuing operations		(42,076	)		7,940			10,072			(12,515	)		(36,579	)
Income tax (benefit)		(3,763	)		(8,438	)		1,957			—			(10,244	)
Income (loss) from continuing operations		(38,313	)		16,378			8,115			(12,515	)		(26,335	)
Discontinued operations, net of tax		—			—			(11,978	)		—			(11,978	)
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Comprehensive income (loss)	$	(5,191	)	$	32,012		$	10,044		$	(42,056	)	$	(5,191	)

	Year ended December 31, 2012
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	438,350		$	398,662		$	146,620		$	(188,998	)	$	794,634
Cost of goods sold		420,062			371,192			141,377			(188,998	)		743,633
Gross profit		18,288			27,470			5,243			—			51,001
Operating expenses		16,384			173,557			290			—			190,231
Income from operations		1,904			(146,087	)		4,953			—			(139,230	)
Other income (expense):
Interest expense, net		(34,672	)		(239	)		(27	)		—			(34,938	)
Equity in earnings of subsidiaries		(147,264	)		—			—			147,264			—
Other income (expense), net		1,167			243			(2,274	)		—			(864	)
Income (loss) before income taxes from continuing operations		(178,865	)		(146,083	)		2,652			147,264			(175,032	)
Income tax provision (benefit)		(858	)		—			(799	)		—			(1,657	)
Income (loss) from continuing operations		(178,007	)		(146,083	)		3,451			147,264			(173,375	)
Discontinued operations, net of tax		—			—			(4,632	)		—			(4,632	)
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Comprehensive income (loss)	$	(195,419	)	$	(153,548	)	$	(8,663	)	$	162,211		$	(195,419	)

	Year Ended December 31, 2011
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	432,934		$	388,641		$	147,236		$	(164,274	)	$	804,537
Cost of goods sold		374,709			378,352			138,140			(164,274	)		726,927
Gross profit		58,225			10,289			9,096			—			77,610
Operating expenses		46,748			9,795			340			—			56,883
Income from operations		11,477			494			8,756			—			20,727
Other income expense:
Interest expense, net		(33,475	)		(275	)		(347	)		—			(34,097	)
Equity in earnings of subsidiaries		(27,772	)		—			—			27,772			—
Other income (expense), net		37,788			3,298			(37,459	)		—			3,627
Income (loss) before income taxes from continuing operations		(11,982	)		3,517			(29,050	)		27,772			(9,743	)
Income tax provision (benefit)		5,049			—			2,712			—			7,761
Income (loss) from continuing operations		(17,031	)		3,517			(31,762	)		27,772			(17,504	)
Discontinued operations, net of tax		—			—			473			—			473
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Comprehensive income (loss)	$	(42,892	)	$	(10,646	)	$	(39,443	)	$	50,089		$	(42,892	)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year ended December 31, 2013
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,503			19,584			5,492			—			35,579
Amortization – deferred financing costs		2,684			—			—			—			2,684
Amortization – other intangible assets		8,583			167			—			—			8,750
(Gain) loss on disposal of assets		761			176			11,150			—			12,087
Deferred income taxes		(3,910	)		(8,438	)		(687	)		—			(13,035	)
Non-cash stock-based compensation		2,411			—			—			—			2,411
Equity in earnings of subsidiaries and affiliates		(12,205	)		—			—			12,205			—
Change in other operating items		77,131			(53,546	)		(39,139	)		310			(15,244	)
Net cash provided by (used in) operating activities		47,645			(25,679	)		(27,047	)		—			(5,081	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(15,283	)		(19,573	)		(3,999	)		—			(38,855	)
Proceeds from notes receivable		(73,047	)		(185,927	)		(39,204	)		298,178			—
Payment on notes receivable		29,207			187,368			37,991			(254,566	)		—
Other		14,944			—			32,000			—			46,944
Net cash provided by (used in) investing activities		(44,179	)		(18,132	)		26,788			43,612			8,089
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment on notes payable		(245,359	)		(29,207	)		—			254,566			(20,000	)
Proceeds from notes payable		250,131			73,047			—			(298,178	)		25,000
Other		(1,333	)		—			—			—			(1,333	)
Net cash provided by financing activities		3,439			43,840			—			(43,612	)		3,667
Increase (decrease) in cash and cash equivalents		6,905			29			(259	)		—			6,675
Cash and cash equivalents, beginning of period		24,113			(29	)		2,667			—			26,751
Cash and cash equivalents, end of period	$	31,018		$	—		$	2,408		$	—		$	33,426

	Year ended December 31, 2012
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and impairment		10,493			159,067			12,306			—			181,866
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,616			2,365			—			—			10,981
(Gain) loss on disposal of assets		(1,950	)		2,718			107			—			875
Deferred income taxes		(1,571	)		—			(2,232	)		—			(3,803	)
Non-cash stock-based compensation		3,119			—			—			—			3,119
Equity in earnings of subsidiaries and affiliates		147,264			—			—			(147,264	)
Change in other operating items		35,877			(20,193	)		(5,444	)		—			10,240
Net cash provided by (used in) operating activities		26,600			(2,126	)		3,556			—			28,030
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(25,152	)		(24,200	)		(9,842	)		—			(59,194	)
Other		(37,823	)		28,844			9,979			—			1,000
Net cash provided by (used in) investing activities		(62,975	)		4,644			137			—			(58,194	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Other		8,910			—			(8,910	)		—			—
Net cash provided by financing activities		8,910			—			(8,910	)		—			—
Increase (decrease) in cash and cash equivalents		(27,465	)		2,518			(5,217	)		—			(30,164	)
Cash and cash equivalents, beginning of period		51,578			(2,547	)		7,884			—			56,915
Cash and cash equivalents, end of period	$	24,113		$	(29	)	$	2,667		$	—		$	26,751

	Year Ended December 31, 2011
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,717			20,802			7,399			—			38,918
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,767			2,614			979			—			12,360
Loss on disposal of assets		(11,461	)		(957	)		12,862			—			444
Deferred income taxes		4,842			—			(548	)		—			4,294
Non-cash stock-based compensation		2,397			—			—			—			2,397
Equity in earnings of subsidiaries and affiliates		27,772			—			—			(27,772	)		—
Non-cash change in warrant liability		(3,971	)								—			(3,971	)
Change in other operating items		(35,831	)		15,603			(21,479	)		—			(41,707	)
Net cash provided by (used in) operating activities		(11,040	)		41,579			(32,076	)		—			(1,537	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(10,115	)		(42,249	)		(6,007	)		—			(58,371	)
Other		(22,381	)		—			40,738			—			18,357
Net cash provided by (used in) investing activities		(32,496	)		(42,249	)		34,731			—			(40,014	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in revolving credit advance		20,000			—			—			—			20,000
Net cash provided by (used in) financing activities		20,000			—			—			—			20,000
Increase (decrease) in cash and cash equivalents		(23,536	)		(670	)		2,655			—			(21,551	)
Cash and cash equivalents, beginning of period		75,114			(1,877	)		5,229			—			78,466
Cash and cash equivalents, end of period	$	51,578		$	(2,547	)	$	7,884		$	—		$	56,915

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Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2013

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies

Note 1 – Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies

Nature of Operations – We are engaged primarily in the design, manufacture and distribution of components for trucks, trailers and certain military and construction vehicles. We sell our products primarily within North America and Latin America to original equipment manufacturers and to the aftermarket.

Basis of Presentation and Consolidation - The accompanying consolidated financial statements include the accounts of Accuride Corporation (the “Company”) and its wholly-owned subsidiaries, including Accuride Canada, Inc. (“Accuride Canada”), Accuride Erie L.P. (“Accuride Erie”), Accuride EMI, LLC (“Accuride Camden”),  Accuride de Mexico, S.A. de C.V. (“AdM”), AOT, Inc. (“AOT”), and Transportation Technologies Industries, Inc. (“TTI”). TTI’s subsidiaries include Brillion Iron Works, Inc. (“Brillion”) and Gunite Corporation (“Gunite”). All significant intercompany transactions have been eliminated. Certain operating results from prior periods have been reclassified to discontinued operations to reflect the sale of certain businesses.  See Note 2 “Discontinued Operations” for further discussion.

On June 20, 2011, the Company entered into, and consummated the acquisition contemplated by, an Asset Purchase Agreement (the “Agreement”), pursuant to which the Company’s subsidiary, Accuride EMI, LLC (“Buyer”), acquired substantially all of the assets and assumed certain liabilities of Forgitron Technologies LLC (“Seller”), a manufacturer and supplier of aluminum wheels for commercial vehicles. Pursuant to the Agreement, Buyer purchased the acquired assets for a purchase price of $22.4 million in cash. This acquisition included an 80,000 square foot forged aluminum wheel manufacturing facility in Camden, South Carolina (“Camden”) and is consistent with the Company’s planned capacity expansion of its core aluminum wheel product line.

On August 1, 2013, the Company announced the sale of substantially all of the assets, liabilities and business of its Imperial Group business to Wynnchurch Capital, Ltd. in partnership with Imperial Manufacturing, Inc. for $30.0 million, plus a contingent earn-out opportunity of up to $2.25 million.  The sale resulted in the recognition of a $12.0 million loss, including a $2.5 million impairment charge on the assets retained, on our consolidated statement of operations, which is reclassified within Discontinued Operations.  The sale included a working capital adjustment, plus a contingent payment of up to $2.25 million depending on Imperial’s financial performance during calendar years 2013-2015.  See Note 2 “Discontinued Operations” for further discussion.

Management’s Estimates and Assumptions – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition – Revenue from product sales is recognized upon shipment whereupon title passes and we have no further obligations to the customer. Provisions for discounts and rebates to customers, and returns and other adjustments are provided for as a reduction of sales in the same period the related sales are recorded.

Cash and Cash Equivalents – Cash and cash equivalents include all highly liquid investments with original maturities of three months or less. The carrying value of these investments approximates fair value due to their short maturity.

Inventories – Inventories are stated at the lower of cost or market. Cost for substantially all inventories is determined by the first-in, first-out method (“FIFO”). We review inventory on hand and write down excess and obsolete inventory based on our assessment of future demand and historical experience. We also recognize abnormal items as current-period charges. Fixed production overhead costs are based on the normal capacity of the production facilities.

Property, Plant and Equipment – Property, plant and equipment is recorded at cost and is depreciated using the straight-line method over their expected useful lives. Generally, buildings and improvements have useful lives of 15-40 years, and factory machinery and equipment have useful lives of 10 years.  Internal-use software is stated at cost less accumulated amortization and is amortized using the straight-line method over its estimated useful life of three years.  Software assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of the assets.  During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project.

Deferred Financing Costs – Costs incurred in connection with the ABL Credit Agreement and issuance of our senior secured notes (see Note 7) were originally deferred and are being amortized over the life of the related debt using the effective interest method.

Goodwill – Goodwill represents the excess of the reorganization value of the Company over the fair value of net tangible assets and identifiable assets and liabilities resulting from the fresh-start reporting. See Note 4 for further discussion.

Intangible Assets – Identifiable intangible assets consist of trade names, technology and customer relationships. Indefinite lived intangibles assets (trade names) are not amortized. The lives for the definite-lived intangibles assets are reviewed to ensure recoverability whenever events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. See Note 4 for further discussion.

Impairment – We evaluate our long-lived assets to be held and used and our amortizing intangible assets for impairment when events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. Impairment is determined by comparison of the carrying amount of the asset to the undiscounted net cash flows expected to be generated by the related asset group. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal.

Goodwill and our indefinite lived intangible assets (trade names) are reviewed for impairment annually or more frequently if impairment indicators exist. Impairment is determined for trade names by comparison of the carrying amount to the fair value, which is determined using an income approach (relief from royalty method). Impairment is determined for goodwill using the two-step approach. The first step is the estimation of fair value of each reporting unit, which is compared to the carrying value. If step one indicates that impairment potentially exists, the second step is performed to measure the amount of impairment, if any. Goodwill impairment exists when the implied fair value of goodwill is less than its carrying value.

Pension Plans – We have trusteed, non-contributory pension plans covering certain U.S. and Canadian employees. For certain plans, the benefits are based on career average salary and years of service and, for other plans, a fixed amount for each year of service. Our net periodic pension benefit costs are actuarially determined. Our funding policy provides that payments to the pension trusts shall be at least equal to the minimum legal funding requirements.

Postretirement Benefits Other Than Pensions – We have postretirement health care and life insurance benefit plans covering certain U.S. non-bargained and Canadian employees. We account for these benefits on an accrual basis and provide for the expected cost of such postretirement benefits accrued during the years employees render the necessary service. Our funding policy provides that payments to participants shall be at least equal to our cash basis obligation.

Postemployment Benefits Other Than Pensions – We have certain post-employment benefit plans, which provide severance benefits, covering certain U.S. and Canadian employees. We account for these benefits on an accrual basis.

Product Warranties – The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.  See Note 17 for a discussion of warranties.

Income Taxes – Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid. We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgments and estimates are required in determining the consolidated income tax expense.

Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. In projecting future taxable income, we begin with historical results, adjusted for the results of discontinued operations and changes in accounting policies, and incorporate assumptions including the amount of future state, federal and foreign pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax-planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates we are using to manage the underlying businesses. In evaluating the objective evidence that historical results provide, we consider three years of cumulative operating income (loss).

We have concluded that it is more likely than not that we will not realize the benefits of certain deferred tax assets, totaling $99.6 million, for which we have provided a valuation allowance. See Note 9 for a discussion of valuation allowances.

We record uncertain tax positions on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (2) those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.  We also recognize accrued interest expense and penalties related to the unrecognized tax benefits as additional tax expense.

Research and Development Costs – Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and are reported as a component of operating expenses in the consolidated statements of operations and comprehensive income (loss). The amount expensed in the years ended December 31, 2013, 2012 and 2011 totaled $5.7 million, $6.6 million and $4.8 million, respectively.

Foreign Currency – The assets and liabilities of Accuride Canada and AdM that are receivable or payable in cash are converted at current exchange rates, and inventories and other non-monetary assets and liabilities are converted at historical rates. Revenues and expenses are converted at average rates in effect for the period. The functional currencies of Accuride Canada and AdM have been determined to be the U.S. dollar. Accordingly, gains and losses resulting from conversion of such amounts, as well as gains and losses on foreign currency transactions, are included in operating results as “Other income (loss), net.” For the years ended December 31, 2013, 2012, and 2011 we had aggregate net foreign currency losses of $0.6 million, $1.1 million and $0.1 million, respectively.

Concentrations of Credit Risk – Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents, customer receivables, and derivative financial instruments. We place our cash and cash equivalents and execute derivatives with high quality financial institutions. Generally, we do not require collateral or other security to support customer receivables.

Derivative Financial Instruments – We periodically use derivative instruments to manage exposure to foreign currency, commodity prices, and interest rate risks. We do not enter into derivative financial instruments for trading or speculative purposes. The derivative instruments used by us include interest rate, foreign exchange, and commodity price instruments. All derivative instruments are recognized on the consolidated balance sheet at their estimated fair value. As of December 31, 2013 and 2012, there were no derivatives.

Foreign Exchange Instruments – At December 31, 2013 and 2012, the notional amount of open foreign exchange forward contracts was $0.0 million and $1.3 million, respectively.

Earnings Per Share – Earnings per share are calculated as net income (loss) divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus common stock equivalents outstanding during the year. Employee stock options outstanding to acquire 165,197 and 195,475 shares in 2013 and 2012 respectively, and warrants exercisable for 2,205,882 shares outstanding in 2011 were not included in the computation of diluted earnings per common share because the effect would be anti-dilutive.

	Years Ended December 31,
(In thousands except per share data)	2013			2012			2011
Numerator:
Net loss from continuing operations	$	(26,335	)	$	(173,375	)	$	(17,504	)
Net income (loss) from discontinued  operations		(11,978	)		(4,632	)		473
Net loss		(38,313	)		(178,007	)		(17,031	)
Denominator:
Weighted average shares outstanding – Basic		47,548			47,378			47,277
Weighted average shares outstanding - Diluted		47,548			47,378			47,277
Basic loss per common share:
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Basic loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)
Diluted loss per common share
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Diluted loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)

Stock Based Compensation – As described in Note 10, we maintain stock-based compensation plans which allow for the issuance of incentive stock options, or ISOs, as defined in section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), non-statutory stock options, restricted stock, restricted stock units, stock appreciation rights (“SARs”), deferred stock, dividend equivalent rights, performance awards and stock payments (referred to collectively as Awards), to officers, our key employees, and to members of the Board of Directors. We recognize compensation expense under the modified prospective method as a component of operating expenses.

On November 9, 2011, our Board of Directors adopted a Rights Agreement pursuant to which one purchase right was distributed as a dividend on each share of our common stock held of record as of the close of business on November 23, 2011. On November 7, 2012, our Board of Directors adopted an Amended and Restated Rights Agreement (the “Amended and Restated Rights Agreement”), which modified the Original Rights Agreement by extending the term of the Original Rights Agreement to November 9, 2015, subject to stockholder approval at our 2013 annual meeting of stockholders, and making certain other adjustments.  On December 19, 2012, our Board of Directors amended the Amended and Restated Rights Agreement by shortening the term to April 30, 2014, subject to stockholder approval at our 2013 annual meeting of stockholders.  Our stockholders ratified the Amended and Restated Rights Agreement at our 2013 Annual Meeting and the Rights plan will terminate on April 30, 2014.

Upon becoming exercisable, each right will entitle its holder to purchase from the Company one one-hundredth of a share of our Series A Junior Participating Preferred Stock for the purchase price of $30.00. Generally, the rights will become exercisable ten business days after the date on which any person or group becomes the beneficial owner of 20% or more of our common stock or has commenced a tender or exchange offer which, if consummated, would result in any person or group becoming the beneficial owner of 20% or more of our common stock, subject to the terms and conditions set forth in the rights agreement. The rights are attached to the certificates representing outstanding shares of common stock until the rights become exercisable, at which point separate certificates will be distributed to the record holders of our common stock. If a person or group becomes the beneficial owner of 20% or more of our common stock, which we refer to as an “acquiring person,” each right will entitle its holder, other than the acquiring person, to receive upon exercise a number of shares of our common stock having a market value of two times the purchase price of the right.

New Accounting Pronouncements

In February 2013, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)  2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date.  The objective of the amendments in this update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for those obligations addressed within existing guidance in U.S. GAAP.  The amendment requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and an additional amount the reporting entity expects to pay on behalf of its co-obligors.  The entity is required to disclose the nature and amount of the obligation as well as other information about those obligations.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-04 on the consolidated financial statements.

On July 18, 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  Topic 740 does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The objective of the amendments in this update is to eliminate that diversity in practice.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-11 on the consolidated financial statements.

Recent Accounting Adoptions

In December 2011, FASB issued ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The amendments in this update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. This update will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments. The requirements of this update are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities should provide the disclosures required retrospectively for all comparative periods presented. The Company adopted ASU 2011-11 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In July 2012, FASB issued ASU 2012-02, Testing Indefinite-Lived Intangible Assets for Impairment.  The objective of the amendments in this update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories.  The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted ASU 2012-02 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In January 2013, FASB issued ASU 2013-01, Balance Sheet (Topic 210):Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”). ASU 2013-01 contains no amendments to disclosure requirements. The amendments clarify that the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which introduced new disclosure requirements, applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013 and interim periods within those annual periods. Adoption of this new guidance did not have a material impact on the Company’s financial statements as these updates have an impact on presentation only.

In February 2013, FASB issued ASU 2013-02, Comprehensive Income.  The objective of the amendments in this update is to improve the reporting of reclassifications out of accumulated other comprehensive income.  The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income.  For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts.  The amendments are effective prospectively for reporting periods beginning after December 15, 2012.  The Company adopted ASU 2013-02 on January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS:
Customer receivables, allowance for doubtful accounts	$ 259	$ 549
OTHER ASSETS:
Deferred financing costs, accumulated amortization	$ 3,649	$ 4,127
STOCKHOLDERS' EQUITY:
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized (in shares)	10,000,000	10,000,000
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized (in shares)	80,000,000	80,000,000
Common Stock, shares issued (in shares)	47,515,155	47,385,314
Common Stock, shares outstanding (in shares)	47,515,155	47,385,314

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Commitments

12 Months Ended

Dec. 31, 2013

Commitments [Abstract]

Commitments

Note 11 – Commitments

We lease certain plant, office space, and equipment for varying periods. Management expects that in the normal course of business, expiring leases will be renewed or replaced by other leases. Purchase commitments related to fixed assets at December 31, 2013 and 2012 totaled $4.4 million and $4.3 million, respectively. Capital lease commitments totaled $13.6 million and $16.9 million in 2013 and 2012 respectively. Rent expense for the years ended December 31, 2013, 2012, and 2011, was $3.5 million, $4.5 million, and $4.5 million respectively. Future minimum lease payments for all non-cancelable operating leases having a remaining term in excess of one year at December 31, 2013, are as follows:

(In thousands)
2014	$	4,007
2015	3,694
2016	3,616
2017	3,199
2018	1,691
Thereafter	756
Total	$	16,963

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Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 04, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	ACCURIDE CORP
Entity Central Index Key	0000817979
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 238,699,555
Entity Common Stock, Shares Outstanding		47,541,992
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013

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Segment Reporting

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting

Note 12 – Segment Reporting

Based on our continual monitoring of the long-term economic characteristics, products and production processes, class of customer, and distribution methods of our operating segments, we have identified each of our operating segments below as reportable segments. We believe this segmentation is appropriate based upon operating decisions and performance assessments by our President and Chief Executive Officer, who is our chief operating decision maker. The accounting policies of the reportable segments are the same as described in Note 1, “Significant Accounting Policies”.

	Year Ended December 31,
(In thousands)	2013			2012			2011
Net sales to external customers:
Wheels	$	364,614		$	414,340		$	406,587
Gunite		168,988			221,974			251,113
Brillion Iron Works		109,281			158,320			146,837
Consolidated total	$	642,883		$	794,634		$	804,537
Operating income (loss):
Wheels	$	30,883		$	44,928		$	57,864
Gunite		2,599			(151,940	)		(1,785	)
Brillion Iron Works		1,027			11,969			2,301
Corporate / Other		(35,741	)		(44,187	)		(37,653	)
Consolidated total	$	(1,232	)	$	(139,230	)	$	20,727

Current and prior period operating results from Imperial Group were reclassified to discontinued operations during the year ended December 31, 2013.  Current and prior period operating results from Bostrom Seating, Fabco Automotive, and Brillion Farm were reclassified to discontinued operations during the year ended December 31, 2011. The reconciling item between operating income and income (loss) before income taxes from continuing operations includes net interest expense, other income (loss), and restructuring items. The reconciling item for years ended December 31, 2013, 2012, and 2011 was ($35.3) million, ($35.8) million and ($30.5) million, respectively. Excluded from net sales above, are inter-segment sales from Brillion Iron Works to Gunite, as shown in the table below:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Inter-segment sales	$	15,987	$	26,405	$	33,425

	As of
(In thousands)	December 31, 2013		December 31, 2012
Total assets:
Wheels	$	452,271	$	486,118
Gunite		55,016		54,707
Brillion Iron Works		52,547		51,435
Imperial Group		—		49,189
Corporate / Other		51,943		36,367
Consolidated total	$	611,777	$	677,816

Geographic Information—Net sales are attributed to geographic areas based on the country in which the product is sold. Our operations in the United States, Canada, and Mexico are summarized below:

For Year Ended Dec. 31, 2013	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	512,777	$	77	$	19,680	$	—		$	532,534
Sales to unaffiliated customers—export		109,940		—		409		—			110,349
Total	$	622,717	$	77	$	20,089	$	—		$	642,883
Long-lived assets	$	759,793	$	31,291	$	11,137	$	(339,712	)	$	462,509

For Year Ended Dec. 31, 2012	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	665,479	$	14	$	22,854	$	—		$	678,347
Sales to unaffiliated customers—export		114,980		—		1,307		—			116,287
Total	$	770,459	$	14	$	24,161	$	—		$	794,634
Long-lived assets	$	816,599	$	26,880	$	11,335	$	(339,712	)	$	515,102

For the Year Ended Dec. 31, 2011	United States		Canada		Mexico		Eliminations			Combined
Net sales:
Sales to unaffiliated customers—domestic	$	658,353	$	1,948	$	20,164	$	—		$	680,465
Sales to unaffiliated customers—export		123,087		—		1,045		—			124,132
Total	$	781,440	$	1,948	$	21,209	$	—		$	804,537
Long-lived assets	$	930,154	$	37,119	$	10,062	$	(348,622	)	$	628,713

The information for each of our geographic regions included sales to each of the three major customers in 2013 that each exceed 10% of total net sales. Sales to those customers are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Customer one	$	91,886	14.3	%	$	123,459	15.5	%	$	155,266	19.3	%
Customer two	90,624		14.1	%	101,895		12.8	%	101,167		12.6	%
Customer three	59,749		9.3	%	64,855		8.2	%	63,457		7.9	%
	$	242,259	37.7	%	$	290,209	36.5	%	$	319,890	39.8	%

Sales by product grouping are as follows:

	Year Ended
	2013				2012				2011
(In thousands)	Amount		% of Sales		Amount		% of Sales		Amount		% of Sales
Wheels	$	364,614	57	%	$	414,340	52	%	$	406,587	51	%
Wheel-end components and assemblies	168,988		26	%	221,974		28	%	251,113		31	%
Ductile and gray iron castings	109,281		17	%	158,320		20	%	146,837		18	%
	$	642,883	100	%	$	794,634	100	%	$	804,537	100	%

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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Abstract]
NET SALES	$ 642,883	$ 794,634	$ 804,537
COST OF GOODS SOLD	598,927	743,633	726,927
GROSS PROFIT	43,956	51,001	77,610
OPERATING EXPENSES:
Selling, general and administrative	45,188	56,499	56,883
Impairment of goodwill	0	62,839	0
Impairment of other intangibles	0	36,767	0
Impairment of property, plant and equipment	0	34,126	0
INCOME (LOSS) FROM OPERATIONS	(1,232)	(139,230)	20,727
OTHER INCOME (EXPENSE):
Interest expense, net	(35,027)	(34,938)	(34,097)
Other income (loss), net	(320)	(864)	3,627
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS	(36,579)	(175,032)	(9,743)
INCOME TAX PROVISION (BENEFIT)	(10,244)	(1,657)	7,761
LOSS FROM CONTINUING OPERATIONS	(26,335)	(173,375)	(17,504)
DISCONTINUED OPERATIONS, NET OF TAX	(11,978)	(4,632)	473
NET INCOME (LOSS)	(38,313)	(178,007)	(17,031)
Weighted average common shares outstanding-basic (in shares)	47,548	47,378	47,277
Basic income (loss) per share - continuing operations (in dollars per share)	$ (0.56)	$ (3.66)	$ (0.37)
Basic income (loss) per share - discontinued operations (in dollars per share)	$ (0.25)	$ (0.10)	$ 0.01
Basic income (loss) per share (in dollars per share)	$ (0.81)	$ (3.76)	$ (0.36)
Weighted average common shares outstanding-diluted (in shares)	47,548	47,378	47,277
Diluted income (loss) per share - continuing operations (in dollars per share)	$ (0.56)	$ (3.66)	$ (0.37)
Diluted income (loss) per share - discontinued operations (in dollars per share)	$ (0.25)	$ (0.10)	$ 0.01
Diluted income (loss) per share (in dollars per share)	$ (0.81)	$ (3.76)	$ (0.36)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX:
Defined benefit plans (Note 8)	49,879	(19,772)	(27,922)
Income tax benefit related to items of other comprehensive income	(16,757)	2,360	2,061
OTHER COMPREHENSIVE (LOSS), NET OF TAX	33,122	(17,412)	(25,861)
COMPREHENSIVE LOSS	$ (5,191)	$ (195,419)	$ (42,892)

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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 6 - Property, Plant and Equipment

Property, plant and equipment at December 31, 2013 and 2012 consist of the following:

(In thousands)	2013		2012
Land and land improvements	$	16,124	$	19,959
Buildings		63,242		62,605
Machinery and equipment		259,697		293,251
Property, plant and equipment, gross		339,063		375,815
Less: accumulated depreciation		119,439		108,438
Property, plant and equipment, net	$	219,624	$	267,377

Depreciation expense for the years ended December 31, 2013, 2012, and 2011 was $35.6 million, $48.1 million and $38.9 million, respectively.

In 2012, the Company considered the impact of business developments in its Gunite reporting unit, including a loss of customer market share and evidence of declining aftermarket sales.  In addition to the concerns with our Gunite business,the Company had also experienced a decline in its stock price to an amount below then current book value.   These events triggered a long-lived asset impairment analysis for Gunite.

We performed a recoverability test of the Gunite’s long-lived assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the long lived assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of real and personal property, the market approach and cost approach were considered.  The income approach was not considered as we concluded it not feasible to allocate or attribute income to individual assets given our asset group determination to be the Gunite reporting unit.  Under the cost approach, the determination of fair value considered the estimates of the cost to replace or reproduce assets of equal utility at current prices with adjustments in value for physical deterioration and functional obsolescence based on the condition of the assets. Under the market approach, the determination of fair value considered the market prices in transactions for similar assets and certain direct market values based on quoted prices from brokers and market professionals.  For real estate, we concluded that the market approach was the most appropriate valuation method.  For buildings, we concluded that the cost approach was the most appropriate valuation method.  For personal property, we concluded that the cost approach, adjusted for an in-exchange or salvage premise, was the most appropriate method for determining fair value.

Significant Level 3 inputs for real estate and building measurements included location of the property, zoning, physical deterioration, functional obsolescence and external obsolescence.  Significant Level 3 inputs for personal property included physical deterioration, functional obsolescence and economic obsolescence.

As a result of our fair value estimates, we adjusted the carrying amount of the Gunite’s personal property to fair value and recorded asset impairment charges of $34.1 at December 31, 2012.  These charges were reported in Impairment of property, plant and equipment.  The fair value estimates for the Gunite personal property were based on a valuation premise that assumes the assets’ highest and best use are different than their current use as a result of lower volume demands for Gunite’s products due to the loss of customers in 2012, reduced production levels in the commercial vehicle market, and its declining aftermarket segments in North America.

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Assets Held for Sale

12 Months Ended

Dec. 31, 2013

Assets Held for Sale [Abstract]

Assets Held for Sale

Note 5 – Assets Held for Sale

At December 31, 2013, assets totaling $1.3 million were classified as held for sale.  The assets consisted of a building and land related to the Elkhart, IN facility that our Gunite business exited in 2012.  The sale of these assets was completed on February 24, 2014, net proceeds totaled $1.1 million.

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Product Warranties

12 Months Ended

Dec. 31, 2013

Product Warranties [Abstract]

Product Warranties

Note 17 – Product Warranties

The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.

Estimated standard warranty costs are recorded in the period in which the related product sales occur. The warranty liability recorded at each balance sheet date in other current liabilities reflects the estimated number of months of warranty coverage outstanding for products delivered times the average of historical monthly warranty payments, as well as additional amounts for certain major warranty issues that exceed a normal claims level. We had a campaign related to automatic slack adjusters manufactured by our Gunite business unit, and recognized a charge of $0.7 million in 2011 as a component of operating expenses. During 2011, our Gunite business unit experienced a brake drum quality issue and we recognized charges of $2.5 million as a component of operating expenses to contain the issue and protect our customers.

The following table summarizes product warranty activity recorded for years ended December 31, 2013, 2012 and 2011:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	294		$	797		$	3,701
Provision for new warranties		249			568			4,047
Payments		(258	)		(1,071	)		(5,752	)
Sale of certain assets and liabilities		16			—			(1,199	)
Balance—end of period	$	301		$	294		$	797

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Financial Instruments

12 Months Ended

Dec. 31, 2013

Financial Instruments [Abstract]

Financial Instruments

Note 13 – Financial Instruments

We have determined the estimated fair value amounts of financial instruments using available market information and other appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. A fair value hierarchy accounting standard exists for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and our own assumptions (unobservable inputs). Determining which category an asset or liability falls within the hierarchy requires significant judgment.

The hierarchy consists of three levels:

Level 1	Quoted market prices in active markets for identical assets or liabilities;
Level 2	Inputs other than Level 1 inputs that are either directly or indirectly observable; and
Level 3	Unobservable inputs developed using estimates and assumptions developed by us, which reflect those that a market participant would use.

The carrying amounts of cash and cash equivalents, trade receivables, and accounts payable approximate fair value because of the relatively short maturity of these instruments. The fair value of our 9.5% senior secured notes are based on market quotes, which we determined to be Level 1 inputs, at December 31, 2013 was approximately $306.9 million compared to the carrying amount of $305.2 million. The fair value of our 9.5% senior secured notes based on market quotes, which we determined to be Level 1 inputs, at December 31, 2012 was approximately $310.00 million compared to the carrying amount of $304.1 million. The Company believes the fair value of the outstanding borrowings of our ABL facility at December 31, 2013 and 2012 equals the carrying value of $25.0 million and $20.0 million, respectively. As of December 31, 2013 and 2012 we had no other remaining significant financial instruments.

See Note 4, “Goodwill and Other Intangible Assets”, and Note 6, “Property, Plant and Equipment”, for a description of significant Level 3 inputs used in development of fair value of nonfinancial assets during the year ended December 31, 2013.

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Income Taxes

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Income Taxes

Note 9 – Income Taxes

The components of income (loss) from continuing operations before income taxes, categorized based on the location of the taxing authorities were as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
United States	$	(46,121	)	$	(177,894	)	$	(19,368	)
Foreign		9,542			2,862			9,625
Loss from continuing operations	$	(36,579	)	$	(175,032	)	$	(9,743	)

The income tax provisions (benefits) are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Current:
Federal	$	157		$	313		$	215
State		(10	)		400			(9	)
Foreign		2,644			1,433			2,907
		2,791			2,146			3,113
Deferred:
Federal		(10,694	)		(43,749	)		(5,035	)
State		—			(19	)		(5,878	)
Foreign		(687	)		(2,232	)		(195	)
Valuation allowance		(1,654	)		42,197			15,756
		(13,035	)		(3,803	)		4,648
Total provision (benefit)	$	(10,244	)	$	(1,657	)	$	7,761

A reconciliation of the U.S. statutory tax rate to our effective tax rate (benefit) is as follows:

	Years Ended December 31,
	2013			2012			2011
Statutory tax rate		(35.0	)%		(35.0	)%		(35.0	)%
State and local income taxes		0.0			0.2			(60.4	)
Incremental foreign tax (benefit)		(2.1	)		(0.1	)		(7.1	)
Change in valuation allowance		8.8			23.6			161.8
Goodwill impairment		—			12.3			—
Change in liability for unrecognized tax benefits		0.2			(0.5	)		9.6
Other items—net		0.1			(1.4	)		10.8
Effective tax rate		(28.0	)%		(0.9	)%		79.7	%

Deferred income tax assets and liabilities comprised the following at December 31:

(In thousands)	2013			2012
Deferred tax assets:
Postretirement and postemployment benefits	$	23,837		$	27,208
Accrued liabilities, reserves and other		3,563			10,219
Debt transaction and refinancing costs		2,650			2,498
Inventories		1,628			2,340
Accrued compensation and benefits		3,331			3,008
Worker’s compensation		1,599			1,999
Pension benefit		6,529			18,108
State income taxes		1,674			1,442
Tax credits		3,717			3,728
Indirect effect of unrecognized tax benefits		2,298			2,243
Loss carryforwards		95,000			74,357
Valuation allowance		(99,594	)		(101,248	)
Total deferred tax assets		46,232			45,902
Deferred tax liabilities:
Asset basis and depreciation		(11,403	)		(9,475	)
Intangible assets		(48,048	)		(45,805	)
Total deferred tax liabilities		(59,451	)		(55,280	)
Net deferred tax liability		(13,219	)		(9,378	)
Current deferred tax asset		3,806			4,591
Long-term deferred tax asset		503			5,052
Long-term deferred income tax asset (liability)—net	$	(17,528	)	$	(19,021	)

The Company has recorded a deferred tax asset reflecting a benefit of $81.3 million of federal loss carryforwards and $13.7 million of state loss carryforwards as of December 31, 2013. As a result of bankruptcy the Company underwent an ownership change that subjects these losses to limitations pursuant to IRS Code Section 382. As a result of this limitation, a portion of the carryforwards may expire before being applied to reduce future income tax liabilities. These deferred tax assets will expire beginning 2014 through 2033. We have deferred tax assets for additional state tax credits which will expire beginning 2017 through 2025. We also have recorded deferred tax assets for federal tax credits which will expire beginning 2031. Realization of deferred tax assets is dependent upon taxable income within the carryforward periods available under the applicable tax laws. Although realization of deferred tax assets in excess of deferred tax liabilities is not certain, management has concluded that it is more likely than not the Company will realize the full benefit of deferred tax assets in foreign jurisdictions. However, during 2012 and 2013, management has concluded that it is more likely than not that we will not realize the full benefit of our U.S. federal and state deferred tax assets due to three cumulative years of net losses and changes of management’s estimate of future earnings, and recorded a valuation allowance against the amounts that are not likely to be recognized as of 2012 and 2013. For the period ended December 31, 2013, the valuation allowance decreased by $1.7 million, which is attributable to $3.2 million increase from continuing operations, a $4.4 million increase from discontinued operations, and a $9.3 million decrease related to attributes that have no effect on the Company’s effective tax rate. For the period ended December 31, 2012, the valuation allowance increased by $45.9 million, of which $42.2 million was attributable to continuing operations, and $3.7 million was attributable to OCI.

Income tax expense or benefit from continuing operations is generally determined without regard to other categories of earnings, such as discontinued operations and OCI. An exception is provided in ASC 740 when there is aggregate income from categories other than continuing operations and a loss from continuing operations in the current year. In this case, the tax benefit allocated to continuing operations is the amount by which the loss from continuing operations reduces the tax expenses recorded with respect to the other categories of earnings, even when a valuation allowance has been established against the deferred tax assets. In instances where a valuation allowance is established against current year losses, income from other sources, including unrealized gains from pension and post-retirement benefits recorded as a component of OCI, is considered when determining whether sufficient future taxable income exists to realize the deferred tax assets. As a result, for the year ended December 31, 2013, the Company recorded a tax expense of $12.6 million in OCI related to the unrealized gains on pension and post-retirement benefits, and recorded a corresponding tax benefit of $12.6 million in continuing operations.

On September 13, 2013, the U.S. Treasury Department released final income tax regulations on the deduction and capitalization of expenditures related to tangible property. These final regulations apply to tax years beginning on or after January 1, 2014. Several of the provisions within the regulations will require tax accounting method changes to be filed with the IRS, resulting in a cumulative effect adjustment. The estimated tax impact of these accounting method changes increases current deferred tax assets in the amount of $4.2 million, with a corresponding increase in long-term deferred income tax liabilities, and has been reflected in the consolidated balance sheet as of December 31, 2013.

No provision has been made for U.S. income taxes related to undistributed earnings of our Canadian foreign subsidiary that we intend to permanently reinvest in order to finance capital improvements and/or expand operations either through the expansion of the current operations or the purchase of new operations. At December 31, 2013, Accuride Canada had $15.6 million of cumulative retained earnings. The Company distributes earnings for the Mexican foreign subsidiary and expects to distribute earnings annually. Therefore, deferred tax liabilities are recorded for undistributed earnings and profits.    For 2012 and 2013, there are no undistributed earnings of our Mexican foreign subsidiary.

A reconciliation of the beginning and ending amounts of unrecognized tax benefits are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Balance at beginning of the period	$	4,640		$	7,033		$	6,184
Additions based on tax positions related to the current year		5			4			161
Additions for tax positions of prior years		—			—			818
Reductions for tax positions of prior years		—			(800	)		—
Removal of penalties and interest		—			—			—
Reductions due to lapse of statute of limitations		(1,119	)		(1,597	)		(130	)
Settlements with taxing authorities		—			—			—
Balance at end of period	$	3,526		$	4,640		$	7,033

The total amount of unrecognized tax benefits that would, if recognized, impact the effective income tax rate was approximately $3.4 million as of December 31, 2013. Also included in the balance of unrecognized tax benefits is $0.1 million of tax benefits that, if recognized, would affect other tax accounts.

We also recognize accrued interest expense and penalties related to the unrecognized tax benefits as additional tax expense, which is consistent with prior periods. The total amount of accrued interest and penalties was $3.6 million and $1.5 million respectively, as of December 31, 2013. An increase in interest of $0.2 million was recognized in 2013. The total amount of accrued interest and penalties was approximately $3.5 million and $1.4 million, respectively, as of December 31, 2012.

As of December 31, 2013, we were open to examination in the U.S. federal tax jurisdiction for the 2010-2012 tax years, in Canada for the years of 2005-2012, and in Mexico for the years of 2007-2012. We were also open to examination in various state and local jurisdictions for the 2009-2012 tax years, none of which were individually material. Tax years 2007 - 2009 in the U.S. federal tax jurisdiction, and 1998-2008 in various state and local jurisdictions, remain open subject to the future utilization of net operating losses generated in those years. We believe that our accrual for tax liabilities is adequate for all open audit years. This assessment relies on estimates and assumptions and may involve a series of complex judgments about future events.

The Company is not currently under any U.S. federal, state or local or non-U.S. income tax examinations and therefore does not anticipate significant increases or decreases in its remaining unrecognized tax benefits within the next twelve months.

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Contingencies (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2013 Employee
Contingencies [Abstract]
Environmental reserve	$ 1.5
Total number of employees	2,056
Number of salaried employees	491
Employees represented by unions	1,335
Percentage of employees represented by unions (in hundredths)	65.00%

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Debt

12 Months Ended

Dec. 31, 2013

Debt [Abstract]

Debt

Note 7 - Debt

As of December 31, 2013, total debt was $330.2 million consisting of $305.2 million of our outstanding 9.5% senior secured notes, net of discount and a $25.0 million draw on our ABL facility. As of December 31, 2012, total debt was $324.1 million consisting of $304.1 million of our outstanding 9.5% senior secured notes, net of discount and a $20.0 million draw on our ABL facility.

The following table represents the average interest rate and average amount outstanding under our ABL facility as of the year ended December 31, 2013 and 2012:

	Average interest  rate for period ending						Average amount outstanding for period ending
	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,		Year Ended December 31,
(In thousands)	2013			2012			2013		2012
ABL Facility		3.70	%		4.15	%	$	38,180	$	20,000

On July 11, 2013, we entered into the New ABL Facility and used $45.3 million of borrowings under the New ABL Facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility and to pay related fees and expenses.

Our debt consists of the following:

·   ABL Credit Agreement —On July 29, 2010, we entered into our Prior ABL Facility, which was a senior secured asset based revolving credit facility, in an aggregate principal amount of up to $75.0 million, with the right to increase the availability under the facility by up to $25.0 million in the aggregate.  On February 7, 2012, we exercised our option to increase the loan commitments under the Prior ABL Facility by $25.0 million (for a total aggregate availability of $100.0 million) by entering into an asset-backed loan (ABL) incremental agreement.  The Prior ABL Facility would have matured on July 29, 2014 and provided for loans and letters of credit in an aggregate amount up to the amount of the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $25.0 million to be available for the issuance of letters of credit.   Loans under the Prior ABL Facility bore interest at an annual rate equal to, at our option, either LIBOR plus 3.50% or Base Rate plus 2.75%, subject to changes based on our leverage ratio as defined in the Prior ABL Facility.  We were also required to pay a commitment fee equal to 0.50% per annum to the lenders under the Prior ABL Facility if utilization under the facility exceeded 50.0% of the total commitments under the facility and a commitment fee equal to 0.75% per annum if utilization under the facility was less than or equal to 50.0% of the total commitments under the facility. Customary letter of credit fees were also payable as necessary.  The obligations under the Prior ABL Facility are secured by (i) first priority liens on substantially all of the Company’s accounts receivable and inventories, subject to certain exceptions and permitted liens (the “ABL Priority Collateral”) and (ii) second priority liens on substantially all of the Company’s owned real property and tangible and intangible assets other than the ABL Priority Collateral, including all of the outstanding capital stock of our domestic subsidiaries, subject to certain exceptions and permitted liens (the “Notes Priority Collateral”).

On July 11, 2013, we entered into the New ABL Facility and used $45.3 million of borrowings under the New ABL Facility and cash on hand to repay all amounts outstanding under the Prior ABL Facility and to pay related fees and expenses.

The New ABL Facility is a senior secured asset based credit facility in an aggregate principal amount of up to $100.0 million, consisting of a $90.0 million revolving credit facility and a $10.0 million first-in last-out term facility, with the right, subject to certain conditions, to increase the availability under the facility by up to $50.0 million in the aggregate. The New ABL Facility currently matures on July 11, 2018, which may be extended pursuant under certain circumstances pursuant to the terms of the New ABL Facility.

The New ABL Facility provides for loans and letters of credit in an amount up to the aggregate availability under the facility, subject to meeting certain borrowing base conditions, with sub-limits of up to $10.0 million for swingline loans and $20.0 million for letters of credit.  Borrowings under the New ABL Facility bear interest through maturity at a variable rate based upon, at our option, either LIBOR or the base rate (which is the greatest of one-half of 1.00% in excess of the federal funds rate, 1.00% in excess of the one-month LIBOR rate and the Agent’s prime rate), plus, in each case, an applicable margin.  The applicable margin for loans under the first-in last-out term facility that are (i) LIBOR loans ranges, based on the our average excess availability, from 2.75% to 3.25% per annum and (ii) base rate loans ranges, based on our average excess availability, from 1.00% to 1.50%.  The applicable margin for other advances under the New ABL Facility that are (i) LIBOR loans ranges, based on our average excess availability, from 1.75% to 2.25% and (ii) base rate loans ranges, based on our average excess availability, from 0.00% to 0.50%.

We must also pay an unused line fee equal to 0.25% per annum to the lenders under the New ABL Facility if utilization under the facility is greater than or equal to 50.0% of the total available commitments under the facility and a commitment fee equal to 0.375% per annum if utilization under the facility is less than 50.0% of the total available commitments under the facility. Customary letter of credit fees are also payable, as necessary.

The obligations under the New ABL Facility are secured by (i) first-priority liens on the ABL Priority Collateral substantially and (ii) second-priority liens on the Notes Priority Collateral.  The New ABL Facility is a senior secured asset based credit facility in an aggregate principal amount of up to $100.0 million, consisting of a $90.0 million revolving credit facility and a $10.0 million first-in last-out term facility, with the right, subject to certain conditions, to increase the availability under the facility by up to $50.0 million in the aggregate. The New ABL Facility currently matures on the earlier of (i) July 11, 2018 or (ii) 90 days prior to the maturity date of the Company’s 9.5% first priority senor security notes due on August 1, 2018, which may be extended pursuant under certain circumstances pursuant to the terms of the New ABL Facility.

·   9.5% Senior Secured Notes — On July 29, 2010, we issued $310.0 million aggregate principal amount of senior secured notes. Under the terms of the indenture governing the senior secured notes, the senior secured notes bear interest at a rate of 9.5% per year, paid semi-annually in February and August, and mature on August 1, 2018. Prior to maturity we may redeem the senior secured notes on the terms set forth in the indenture governing the senior secured notes. The senior secured notes are guaranteed by the Guarantors (see Note 17), and the senior secured notes and the related guarantees are secured by first priority liens on the Notes Priority Collateral and second priority liens on the ABL Priority Collateral. Associated with the issuance of the senior secured notes, we recorded a discount of $8.4 million, which is being amortized over the life of the notes as a component of interest expense.

Restrictive Debt Covenants. Our credit documents(the ABL facility and the indentures governing the senior secured notes) contain operating covenants that limit the discretion of management with respect to certain business matters. These covenants place significant restrictions on, among other things, the ability to incur additional debt, to pay dividends, to create liens, to make certain payments and investments and to sell or otherwise dispose of assets and merge or consolidate with other entities. In addition, the ABL facility contains a financial covenant which requires us to maintain a fixed charge coverage ratio , which is when the excess availability is less than 10 percent of the total commitment under the ABL facility. Due to the amount of our excess availability (as calculated under the ABL facility), the Company is not currently in a compliance period and, we do not have to maintain a fixed charge coverage ratio, although this is subject to change.

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Pension and Other Postretirement Benefit Plans

12 Months Ended

Dec. 31, 2013

Pension and Other Postretirement Benefit Plans [Abstract]

Pension and Other Postretirement Benefit Plans

Note 8 - Pension and Other Postretirement Benefit Plans

We have funded noncontributory employee defined benefit pension plans that cover U.S. and Canadian employees (the “plans”) who meet eligibility requirements. Employees covered under the U.S. salaried plan, who were hired prior to 2006, are eligible to participate upon the completion of one year of service and benefits are determined by their cash balance accounts, which are based on interest allocations they earned each year and pay allocations earned for years prior to 2009. Employees covered under the Canadian salaried plan are eligible to participate upon the completion of two years of service and benefits are based upon career average salary and years of service. Employees who are covered under the hourly plans are generally eligible to participate at the time of employment and benefits are generally based on a fixed amount for each year of service. U.S. employees are vested in the plans after five years of service; Canadian hourly employees are vested after two years of service. We use a December 31 measurement date for all of our plans.

In addition to providing pension benefits, we also have certain unfunded health care and life insurance programs for U.S. non-bargained and Canadian employees who meet certain eligibility requirements. These benefits are provided through contracts with insurance companies and health service providers. The coverage is provided on a non-contributory basis for certain groups of employees and on a contributory basis for other groups.

Obligations and Funded Status:

	Pension Benefits						Other Benefits
	Year Ended December 31,						Year Ended December 31,
(In thousands)	2013			2012			2013			2012
Change in benefit obligation:
Benefit obligation—beginning of period	$	259,706		$	234,247		$	87,125		$	80,876
Service cost		1,156			1,785			528			478
Interest cost		10,320			11,198			3,467			3,999
Actuarial losses (gains)		(12,102	)		25,532			(10,801	)		4,644
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(8,074	)		3,401			(1,325	)		558
Curtailment		—			(804	)		—			—
Plan amendment		—			—			(539	)		—
Incurred retiree drug subsidy reimbursements		—			—			172			170
Plan participant’s contributions		155			—			384			506
Benefit obligation—end of period	$	232,901		$	259,706		$	74,933		$	87,125
Accumulated benefit obligation	$	232,208		$	259,015		$	—		$	—
Change in plan assets:
Fair value of assets—beginning of period	$	203,268		$	183,447		$	—		$	—
Actual return on plan assets		33,625			21,166			—			—
Employer contributions		9,539			11,153			3,694			3,600
Plan participant’s contributions		155			—			384			506
Benefits paid		(18,260	)		(15,653	)		(4,078	)		(4,106	)
Foreign currency exchange rate changes		(7,620	)		3,155			—			—
Fair value of assets—end of period		220,707			203,268			—			—
Reconciliation of funded status:
Unfunded status	$	(12,194	)	$	(56,438	)	$	(74,933	)	$	(87,125	)
Amounts recorded in the consolidated balance sheets:
Prepaid benefit cost	$	8,493		$	—		$	—		$	—
Accrued benefit liability		(20,687	)		(56,438	)	$	(74,933	)	$	(87,125	)
Accumulated other comprehensive loss (income)		15,201			53,420			(5,292	)		6,370
Net amount recognized	$	3,007		$	(3,018	)	$	(80,225	)	$	(80,755	)
Amounts recorded in AOCI in the following fiscal year:
Amortization of prior service (credit) cost	$	44					$	(35	)
Amortization of net (gain)/loss		201						322
Total amortization	$	245					$	287

Components of Net Periodic Benefit Cost:

Pension Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	1,156		$	1,785		$	1,571
Interest cost on projected benefit obligation		10,320			11,198			12,266
Expected return on plan assets		(11,726	)		(11,800	)		(12,936	)
Prior service cost (net)		44			44			44
Other amortization (net)		2,607			1,035			59
Total benefits cost charged to income	$	2,401		$	2,262		$	1,004
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	(1,035	)	$	(59	)
Prior service (credit) cost		—			—			—
Amortization of prior service (credit) cost		(44	)		(44	)		(44	)
Change in net actuarial (gain) loss		(35,568	)		16,052			28,073
Amortization of net actuarial valuation (gain) loss		(2,607	)		—			—
Amounts recognized in other comprehensive income		(38,219	)		14,973			27,970
Amounts recognized in total benefits charged to income and other comprehensive income	$	(35,818	)	$	17,235		$	28,974

Other Benefits
	Year Ended December 31,
(In thousands)	2013			2012			2011
Service cost-benefits earned during the period	$	528		$	478		$	452
Interest cost on projected benefit obligation		3,467			3,999			4,401
Prior service cost (net)		—			—			—
Other amortization (net)		114			(34	)		(103	)
Total benefits cost charged to income	$	4,109		$	4,443		$	4,750
Recognized in other comprehensive income (loss):
Amortization of net transition (asset) obligation	$	—		$	35		$	103
Change in net actuarial (gain) loss		(11,660	)		4,764			(151	)
Amounts recognized in other comprehensive income		(11,660	)		4,799			(48	)
Amounts recognized in total benefits charged to income and other comprehensive income	$	(7,551	)	$	9,242		$	4,702

Actuarial Assumptions:

Assumptions used to determine benefit obligations as of December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.77	%		4.19	%		4.85	%		4.20	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A

Assumptions used to determine net periodic benefit cost for the years ended December 31 were as follows:

	Pension Benefits						Other Benefits
	2013			2012			2013			2012
Average discount rate		4.19	%		4.89	%		4.20	%		4.91	%
Rate of increase in future compensation levels		3.00	%		3.00	%		N/A			N/A
Expected long-term rate of return on assets		6.08	%		6.35	%		N/A			N/A

The expected long-term rate of return on assets is determined primarily by looking at past performance. In addition, management considers the long-term performance characteristics of the asset mix.

Assumed health care cost trend rates at December 31 were as follows:

	2013			2012
Health care cost trend rate assumed for next year		7.63	%		8.08	%
Rate to which the cost trend rate is assumed to decline		4.82	%		4.82	%
Year that the rate reaches the ultimate trend rate		2022			2022

The health care cost trend rate assumption has a significant effect on the amounts reported. A one-percentage point change in assumed health care cost trend rates would have the following effects on 2013:

	1-Percentage- Point Increase		1-Percentage- Point Decrease
Effect on total of service and interest cost	$	646	$	(865	)
Effect on postretirement benefit obligation	$	8,995	$	(7,463	)

Plan Assets:

Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2013, are presented in the table below. Our pension plan assets were accounted for at fair value and are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.  Our level 1 plan assets are value using active trading prices as listed in the New York stock exchange and the Toronto stock exchange. Our level 2 plan assets are securities for which the market is not considered to be active and are valued via the use of observable inputs, which may include, among others, the use of adjusted market prices last available, bids or last available sales prices and/or other observable inputs. Our assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and their placement within the fair value hierarchy levels. For more information on a description of the fair value hierarchy, see Note 13.

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	8,314		$	—		$	—		$	8,314			4	%
Equity securities:
U.S. large-cap		21,639			—			—			21,639			10	%
U.S. mid-cap		—			6,840			—			6,840			3	%
U.S. small-cap		—			3,399			—			3,399			2	%
U.S. indexed		—			18,954			—			18,954			9	%
Canadian large-cap		27,574			—			—			27,574			12	%
Canadian mid-cap		11,263			—			—			11,263			5	%
Canadian small-cap		—			—			—			—			—	%
Large growth		—			11,659			—			11,659			5	%
Pooled equities		10,775			3,271			—			14,046			6	%
International markets		—			26,545			—			26,545			12	%
Fixed income securities:
Government bonds		11,185			10,754			—			21,939			10	%
Corporate bonds		25,684			22,851			—			48,535			22	%
Total assets at fair value	$	116,434		$	104,273		$	—		$	220,707			100	%
% of fair value hierarchy		53	%		47	%		—	%		100	%

In the fair value presentation below, we changed certain securities from Level 1 to Level 2 as it was determined that these investments are priced with observable inputs rather than quoted market prices in an active market. Our pension plan weighted-average asset allocations by level within the fair value hierarchy at December 31, 2012, are presented in the following table:

(In thousands)	Level 1			Level 2			Level 3			Total			% of Total
Cash and cash equivalents	$	6,088		$	—		$	—		$	6,088			3	%
Equity securities:
U.S. large-cap		12,787			9,045			—			21,832			11	%
U.S. mid-cap		7,582			5,946			—			13,528			7	%
U.S. small-cap		123			2,978			—			3,101			1	%
U.S. indexed		—			15,705			—			15,705			8	%
Canadian large-cap		24,450			—			—			24,450			12	%
Canadian mid-cap		8,228			—			—			8,228			4	%
Canadian small-cap		3,173			—			—			3,173			1	%
Large growth		—			9,563			—			9,563			5	%
Pooled equities		—			2,833			—			2,833			1	%
International markets		—			26,235			—			26,235			13	%
Fixed income securities:
Government bonds		9,750			9,916			—			19,666			10	%
Corporate bonds		27,794			21,072			—			48,866			24	%
Total assets at fair value	$	99,975		$	103,293		$	—		$	203,268			100	%
% of fair value hierarchy		49	%		51	%		—	%		100	%

Our investment objectives are (1) to maintain the purchasing power of the current assets and all future contributions; (2) to maximize return within reasonable and prudent levels of risk; (3) to maintain an appropriate asset allocation policy that is compatible with the actuarial assumptions, while still having the potential to produce positive real returns; and (4) to control costs of administering the plan and managing the investments.

Our desired investment result is a long-term rate of return on assets that is at least a 5% real rate of return, or 5% over inflation as measured by the Consumer Price Index for the U.S. plans. The target rate of return for the plans have been based upon the assumption that future real returns will approximate the long-term rates of return experienced for each asset class in our investment policy statement. Our investment guidelines are based upon an investment horizon of greater than five years, so that interim fluctuations should be viewed with appropriate perspective. Similarly, the Plans’ strategic asset allocation is based on this long-term perspective.

We believe that the Plans’ risk and liquidity posture are, in large part, a function of asset class mix. Our investment committee has reviewed the long-term performance characteristics of various asset classes, focusing on balancing the risks and rewards of market behavior. Based on this and the Plans’ time horizon, risk tolerances, performance expectations and asset class preferences, the following two strategic asset allocations were derived for our U.S. plans.

Asset allocation for our Accuride Retirement Plan and Erie Hourly Pension Plan:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		11	%		20	%
Growth		10	%		13	%		20	%
Index-Passive		15	%		20	%		25	%
Domestic Small Cap Equities		2	%		10	%		10	%
International Equities		5	%		11	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%

Asset allocation for remainder of our U.S. plans:

	Lower Limit			Strategic Allocation			Upper Limit
Domestic Large Capitalization Equities:
Value		10	%		10	%		20	%
Growth		10	%		10	%		20	%
Index-Passive		5	%		10	%		15	%
Domestic Mid Cap Equities		5	%		10	%		15	%
International Equities		5	%		13	%		15	%
Fixed Income:
Intermediate		15	%		35	%		35	%
Money Market		1	%		5	%		10	%

The allocation of the fund is reviewed periodically. Should any of the strategic allocations extend beyond the suggested lower or upper limits, a portfolio rebalance may be appropriate.

While we use the same methodologies to manage the Canadian plans, the primary objective is to achieve a minimum rate of return of Consumer Price Index plus 3 over 4-year moving periods, and to obtain total fund rates of return that are in the top third over 4-year moving periods when compared to a representative sample of Canadian pension funds with similar asset mix characteristics. The asset mix for the Canadian pension fund is targeted as follows:

	Minimum			Maximum
Total Equities		40	%		65	%
Foreign Equities		0	%		50	%
Bonds and Mortgages		25	%		50	%
Short-Term		0	%		15	%

Cash Flows—We expect to contribute approximately $14.3 million to our pension plans and $4.4 million to our other postretirement benefit plans in 2014. Pension and postretirement benefits (which include expected future service) are expected to be paid out of the respective plans as follows:

(In thousands)	Pension Benefits		Other Benefits
2014	$	14,061	$	4,524
2015	$	13,522	$	4,621
2016	$	14,093	$	4,769
2017	$	14,129	$	4,942
2018	$	14,390	$	4,941
2019 – 2023 (in total)	$	75,315	$	25,554

Other Plans—We also provide a 401(k) savings plan and a retirement contribution plan for substantially all U.S. salaried employees. Expenses recognized for the years ended December 31, 2013, 2012, and 2011 $1.3 million, $1.4 million, and $3.3 million, respectively.

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Stock-Based Compensation Plans

12 Months Ended

Dec. 31, 2013

Stock-Based Compensation Plans [Abstract]

Stock-Based Compensation Plans

Note 10 – Stock-Based Compensation Plans

On May 18, 2010, the Company authorized and granted 182,936 shares of Common Stock for issuance pursuant to individual restricted stock unit agreements with employees of the Company. The awards granted on May 18, 2010 vested in installments of 33%, 33%, and 34% over a three year period on the anniversary date of the grant, subject to continued service to the company. On August 3, 2010, the Company authorized and granted 55,790 shares of Common Stock for issuance pursuant to individual restricted stock unit agreements with directors of the Company. The awards granted on August 3, 2010 have vesting dates of March 1, 2011 and March 1, 2014 where 30,429 and 25,361 shares will vest and be issued, respectively, subject to continued service to the company.

In August 2010, we adopted the Accuride Corporation 2010 Incentive Award Plan (the “2010 Incentive Plan”) and reserved 1,260,000 shares of Common Stock for issuance under the plan, plus such additional shares of Common Stock that the plan administrator deemed necessary to prevent unnecessary dilution upon issuance of shares pursuant to terms of our convertible notes due 2020, up to a maximum number shares of Common Stock such that the total number of shares available for issuance under the 2010 Incentive Plan would not exceed ten percent (10%) of the fully diluted shares outstanding from time to time calculated by adding the total shares issued and outstanding at any given time plus the number of shares issued upon conversion of any of the convertible notes at the time of such conversion. During 2010, we effectively converted all outstanding convertible notes to equity, and we subsequently amended the 2010 Incentive Plan to reserve 3,500,000 shares of Common Stock, for issuance under the 2010 Incentive Plan.

Service Options – In August, 2012, we granted stock options to certain officers and other key employees as consideration for service. Options granted generally vest ratably over a three year period and have 10-year contractual terms. The table below summarizes service option activity during the year ended December 31, 2013:

	Number of Options			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period	Aggregate Intrinsic Value
Service options outstanding at December 31, 2012		195,475		$	—
Granted		—			—
Exercised		—			—
Forfeited		(30,278	)		8.00
Service options outstanding at December 31, 2013		165,197		$	8.00	1.1 years	—
Service options vested or expected to vest		165,197		$	8.00	1.1 years	—
Service options exercisable at December 31, 2013		—		$	—	—	—

There is no intrinsic value on service options outstanding due to the closing price on December 31, 2013 being lower than the strike price of the options.

Restricted Stock Units (“RSUs”) – We grant RSUs to certain officers and other key employees as consideration for service. The table below summarizes RSU activity during the year ended December 31, 2013:

	Number of RSUs			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period
RSUs unvested at December 31, 2012		664,509		$	9.97
Granted		599,810			5.37
Vested		(196,922	)		10.35
Forfeited		(179,439	)		7.31
RSUs unvested at December 31, 2013		887,958		$	7.28	1.5 years
RSUs expected to vest		705,747		$	7.33	1.5 years

As of December 31, 2013, there was approximately $2.1 million of unrecognized pre-tax compensation expense related to share-based awards not yet vested that will be recognized over a weighted-average period of 1.5 years. The fair market value of our vested shares and shares expected to vest as of December 31, 2013 was $0.7 million and $2.2 million, respectively.

Compensation expense for share-based compensation programs was recognized as a component of operating expenses as follows:

	Years Ended December 31,
(In thousands)	2013		2012		2011
Share-based compensation expense recognized	$	2,411	$	3,119	$	2,397

In determining the estimated fair value of our share-based awards as of the grant date, we used the Black-Scholes option-pricing model with the assumptions illustrated in the table below:

	For the Year Ended December 31,
	2012
Expected Dividend Yield	0.0%
Expected Volatility in Stock Price	56.4%
Risk-Free Interest Rate	0.9%
Expected Life of Stock Awards	6.0 years
Weighted-Average Fair Value at Grant Date	$4.19

The expected volatility is based upon volatility of our common stock that has been traded for a period. The expected term of options granted is derived from historical exercise and termination patterns, and represents the period of time that options granted are expected to be outstanding. The risk-free rate used is based on the published U.S. Treasury yield curve in effect at the time of grant for instruments with a similar life. The dividend yield is based upon the most recently declared quarterly dividend as of the grant date.

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Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss), beginning balance				$ (51,834)					$ (51,834)
Amounts reclassified from accumulated other comprehensive income (loss)									(49,879)		19,772	27,922
Accumulated other comprehensive income (loss), ending balance	(18,712)				(51,834)				(18,712)		(51,834)
Amortization of Pension and Postretirement Plan items
Tax (expense) benefit	12,622	495	(1,464)	(1,409)	4,487	106	(1,339)	(1,597)	10,244		1,657	(7,761)
Total reclassified for the period	1,611	(18,615)	(5,362)	(15,947)	(156,538)	(17,679)	(841)	(2,949)	(38,313)		(178,007)	(17,031)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)									33,122
Amortization of Pension and Postretirement Plan items
Prior Service Costs									583	[1]
Actuarial gain									44,574	[1]
Amortization of net actuarial gain									2,722	[1]
Total before tax									49,879
Tax (expense) benefit									(16,757)
Total reclassified for the period									33,122
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Plan [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)									25,737
Amortization of Pension and Postretirement Plan items
Prior Service Costs									44
Actuarial gain									35,568
Amortization of net actuarial gain									2,607
Total before tax									38,219
Tax (expense) benefit									(12,481)
Total reclassified for the period									25,738
Reclassification out of Accumulated Other Comprehensive Income [Member] | Post Retirement Plan [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Amounts reclassified from accumulated other comprehensive income (loss)									7,385
Amortization of Pension and Postretirement Plan items
Prior Service Costs									539
Actuarial gain									11,007
Amortization of net actuarial gain									114
Total before tax									11,660
Tax (expense) benefit									(4,276)
Total reclassified for the period									7,384
Accumulated Defined Benefit Plans Adjustment [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss), ending balance	(18,712)				(51,834)				(18,712)		(51,834)
Accumulated Defined Benefit Plans Adjustment [Member] | Pension Plan [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss), ending balance	(20,429)				(46,166)				(20,429)		(46,166)
Accumulated Defined Benefit Plans Adjustment [Member] | Post Retirement Plan [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Accumulated other comprehensive income (loss), ending balance	$ 1,717				$ (5,668)				$ 1,717		$ (5,668)

[1] These accumulated other comprehensive income components are included in the computation of net periodic pension

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [Abstract]

Components of earnings from continuing operations

The components of income (loss) from continuing operations before income taxes, categorized based on the location of the taxing authorities were as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
United States	$	(46,121	)	$	(177,894	)	$	(19,368	)
Foreign		9,542			2,862			9,625
Loss from continuing operations	$	(36,579	)	$	(175,032	)	$	(9,743	)

Income tax provisions (benefits)

The income tax provisions (benefits) are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Current:
Federal	$	157		$	313		$	215
State		(10	)		400			(9	)
Foreign		2,644			1,433			2,907
		2,791			2,146			3,113
Deferred:
Federal		(10,694	)		(43,749	)		(5,035	)
State		—			(19	)		(5,878	)
Foreign		(687	)		(2,232	)		(195	)
Valuation allowance		(1,654	)		42,197			15,756
		(13,035	)		(3,803	)		4,648
Total provision (benefit)	$	(10,244	)	$	(1,657	)	$	7,761

Reconciliation of the U.S. statutory tax rate to effective tax rate

A reconciliation of the U.S. statutory tax rate to our effective tax rate (benefit) is as follows:

	Years Ended December 31,
	2013			2012			2011
Statutory tax rate		(35.0	)%		(35.0	)%		(35.0	)%
State and local income taxes		0.0			0.2			(60.4	)
Incremental foreign tax (benefit)		(2.1	)		(0.1	)		(7.1	)
Change in valuation allowance		8.8			23.6			161.8
Goodwill impairment		—			12.3			—
Change in liability for unrecognized tax benefits		0.2			(0.5	)		9.6
Other items—net		0.1			(1.4	)		10.8
Effective tax rate		(28.0	)%		(0.9	)%		79.7	%

Deferred income tax assets and liabilities

Deferred income tax assets and liabilities comprised the following at December 31:

(In thousands)	2013			2012
Deferred tax assets:
Postretirement and postemployment benefits	$	23,837		$	27,208
Accrued liabilities, reserves and other		3,563			10,219
Debt transaction and refinancing costs		2,650			2,498
Inventories		1,628			2,340
Accrued compensation and benefits		3,331			3,008
Worker’s compensation		1,599			1,999
Pension benefit		6,529			18,108
State income taxes		1,674			1,442
Tax credits		3,717			3,728
Indirect effect of unrecognized tax benefits		2,298			2,243
Loss carryforwards		95,000			74,357
Valuation allowance		(99,594	)		(101,248	)
Total deferred tax assets		46,232			45,902
Deferred tax liabilities:
Asset basis and depreciation		(11,403	)		(9,475	)
Intangible assets		(48,048	)		(45,805	)
Total deferred tax liabilities		(59,451	)		(55,280	)
Net deferred tax liability		(13,219	)		(9,378	)
Current deferred tax asset		3,806			4,591
Long-term deferred tax asset		503			5,052
Long-term deferred income tax asset (liability)—net	$	(17,528	)	$	(19,021	)

Reconciliation of unrecognized tax benefits

A reconciliation of the beginning and ending amounts of unrecognized tax benefits are as follows:

	Years Ended December 31,
(In thousands)	2013			2012			2011
Balance at beginning of the period	$	4,640		$	7,033		$	6,184
Additions based on tax positions related to the current year		5			4			161
Additions for tax positions of prior years		—			—			818
Reductions for tax positions of prior years		—			(800	)		—
Removal of penalties and interest		—			—			—
Reductions due to lapse of statute of limitations		(1,119	)		(1,597	)		(130	)
Settlements with taxing authorities		—			—			—
Balance at end of period	$	3,526		$	4,640		$	7,033

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Income Taxes (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Earnings from continuing operations before income taxes [Abstract]
United States									$ (46,121,000)	$ (177,894,000)	$ (19,368,000)
Foreign									9,542,000	2,862,000	9,625,000
Loss from continuing operations									(36,579,000)	(175,032,000)	(9,743,000)
Current [Abstract]
Federal									157,000	313,000	215,000
State									(10,000)	400,000	(9,000)
Foreign									2,644,000	1,433,000	2,907,000
Total									2,791,000	2,146,000	3,113,000
Deferred [Abstract]
Federal									(10,694,000)	(43,749,000)	(5,035,000)
State									0	(19,000)	(5,878,000)
Foreign									(687,000)	(2,232,000)	(195,000)
Valuation allowance									(1,654,000)	42,197,000	15,756,000
Total									(13,035,000)	(3,803,000)	4,648,000
Total provision (benefit)	(12,622,000)	(495,000)	1,464,000	1,409,000	(4,487,000)	(106,000)	1,339,000	1,597,000	(10,244,000)	(1,657,000)	7,761,000
Reconciliation of the U.S. statutory tax rate to effective tax rate [Abstract]
Statutory tax rate (in hundredths)									(35.00%)	(35.00%)	(35.00%)
State and local income taxes (in hundredths)									0.00%	0.20%	(60.40%)
Incremental foreign tax (benefit) (in hundredths)									(2.10%)	(0.10%)	(7.10%)
Change in valuation allowance (in hundredths)									8.80%	23.60%	161.80%
Goodwill impairment (in hundredths)									0.00%	12.30%	0.00%
Change in liability for unrecognized tax benefits (in hundredths)									0.20%	(0.50%)	9.60%
Other items-net (in hundredths)									0.10%	(1.40%)	10.80%
Effective tax rate (in hundredths)									(28.00%)	(0.90%)	79.70%
Deferred tax assets [Abstract]
Postretirement and postemployment benefits	23,837,000				27,208,000				23,837,000	27,208,000
Accrued liabilities, reserves and other	3,563,000				10,219,000				3,563,000	10,219,000
Debt transaction and refinancing costs	2,650,000				2,498,000				2,650,000	2,498,000
Inventories	1,628,000				2,340,000				1,628,000	2,340,000
Accrued compensation and benefits	3,331,000				3,008,000				3,331,000	3,008,000
Worker's compensation	1,599,000				1,999,000				1,599,000	1,999,000
Pension benefit	6,529,000				18,108,000				6,529,000	18,108,000
State income taxes	1,674,000				1,442,000				1,674,000	1,442,000
Tax credits	3,717,000				3,728,000				3,717,000	3,728,000
Indirect effect of unrecognized tax benefits	2,298,000				2,243,000				2,298,000	2,243,000
Loss carryforwards	95,000,000				74,357,000				95,000,000	74,357,000
Valuation allowance	(99,594,000)				(101,248,000)				(99,594,000)	(101,248,000)
Total deferred tax assets	46,232,000				45,902,000				46,232,000	45,902,000
Deferred tax liabilities [Abstract]
Asset basis and depreciation	(11,403,000)				(9,475,000)				(11,403,000)	(9,475,000)
Intangible assets	(48,048,000)				(45,805,000)				(48,048,000)	(45,805,000)
Total deferred tax liabilities	(59,451,000)				(55,280,000)				(59,451,000)	(55,280,000)
Net deferred tax liability	(13,219,000)				(9,378,000)				(13,219,000)	(9,378,000)
Current deferred tax asset	3,806,000				4,591,000				3,806,000	4,591,000
Long-term deferred tax asset	503,000				5,052,000				503,000	5,052,000
Long-term deferred income tax asset (liability) - net	(17,528,000)				(19,021,000)				(17,528,000)	(19,021,000)
Federal loss carryforwards	81,300,000								81,300,000
State loss carryforwards	13,700,000								13,700,000
Number of cumulative years of net losses									3 years
Valuation allowance (decrease) increase									(1,700,000)
Valuation allowance change in amount attributable to continuing operations									3,200,000
Valuation allowance change in amount attributable to discontinuing operations									4,400,000
Valuation allowance increased attributable to OCI									9,300,000
Tax expense in OCI related for unrealized gains on pension and post-retirement benefits									(12,600,000)
Income tax benefit from continuing operations for pension and post-retirement benefits									12,600,000
Increase of current deferred tax assets									4,200,000
Cumulative retained earnings	(359,883,000)				(321,570,000)				(359,883,000)	(321,570,000)
Reconciliation of unrecognized tax benefits [Roll Forward]
Balance at beginning of the period				4,640,000				7,033,000	4,640,000	7,033,000	6,184,000
Additions based on tax positions related to the current year									5,000	4,000	161,000
Additions for tax positions of prior years									0	0	818,000
Reductions for tax positions of prior years									0	(800,000)	0
Removal of penalties and interest									0	0	0
Reductions due to lapse of statute of limitations									(1,119,000)	(1,597,000)	(130,000)
Settlements with taxing authorities									0	0	0
Balance at end of period	3,526,000				4,640,000				3,526,000	4,640,000	7,033,000
Unrecognized tax benefits that would, if recognized, impact the effective income tax rate	3,400,000								3,400,000
Unrecognized tax benefits that would, if recognized, impact the other accounts	100,000								100,000
Unrecognized tax benefits, accrued interest	3,600,000				3,500,000				3,600,000	3,500,000
Unrecognized tax benefits, accrued penalties	1,500,000				1,400,000				1,500,000	1,400,000
Increase (decrease) in interest during the period									200,000
Significant increases or decreases in its remaining unrecognized tax benefits within the next twelve months	0								0
U.S. Federal Tax Jurisdiction [Member]
Reconciliation of unrecognized tax benefits [Roll Forward]
Open tax years	2010-2012								2010-2012
State and Local Jurisdictions [Member]
Reconciliation of unrecognized tax benefits [Roll Forward]
Open tax years	2009-2012								2009-2012
Accuride Canada Inc. [Member]
Deferred tax liabilities [Abstract]
Cumulative retained earnings	15,600,000								15,600,000
Canada [Member]
Reconciliation of unrecognized tax benefits [Roll Forward]
Open tax years	2005-2012								2005-2012
Mexico [Member]
Deferred tax liabilities [Abstract]
Deferred tax liabilities for undistributed earnings of foreign subsidiary	$ 0				$ 0				$ 0	$ 0
Reconciliation of unrecognized tax benefits [Roll Forward]
Open tax years	2007-2012								2007-2012

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Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2013

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Note 15 – Valuation and Qualifying Accounts

The following table summarizes the changes in our valuation and qualifying accounts:

	Year Ended December 31,
(In thousands)	2013			2012			2011
Balance—beginning of period	$	549		$	676		$	1,640
Charges(credits) to cost and expense		139			267			618
Recoveries		89			(277	)		22
Write offs		(366	)		(117	)		(1,604	)
Balance—end of period	$	259		$	549		$	676

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Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Nature of Operations

Nature of Operations – We are engaged primarily in the design, manufacture and distribution of components for trucks, trailers and certain military and construction vehicles. We sell our products primarily within North America and Latin America to original equipment manufacturers and to the aftermarket.

Basis of Presentation and Consolidation

Basis of Presentation and Consolidation - The accompanying consolidated financial statements include the accounts of Accuride Corporation (the “Company”) and its wholly-owned subsidiaries, including Accuride Canada, Inc. (“Accuride Canada”), Accuride Erie L.P. (“Accuride Erie”), Accuride EMI, LLC (“Accuride Camden”),  Accuride de Mexico, S.A. de C.V. (“AdM”), AOT, Inc. (“AOT”), and Transportation Technologies Industries, Inc. (“TTI”). TTI’s subsidiaries include Brillion Iron Works, Inc. (“Brillion”) and Gunite Corporation (“Gunite”). All significant intercompany transactions have been eliminated. Certain operating results from prior periods have been reclassified to discontinued operations to reflect the sale of certain businesses.  See Note 2 “Discontinued Operations” for further discussion.

On June 20, 2011, the Company entered into, and consummated the acquisition contemplated by, an Asset Purchase Agreement (the “Agreement”), pursuant to which the Company’s subsidiary, Accuride EMI, LLC (“Buyer”), acquired substantially all of the assets and assumed certain liabilities of Forgitron Technologies LLC (“Seller”), a manufacturer and supplier of aluminum wheels for commercial vehicles. Pursuant to the Agreement, Buyer purchased the acquired assets for a purchase price of $22.4 million in cash. This acquisition included an 80,000 square foot forged aluminum wheel manufacturing facility in Camden, South Carolina (“Camden”) and is consistent with the Company’s planned capacity expansion of its core aluminum wheel product line.

On August 1, 2013, the Company announced the sale of substantially all of the assets, liabilities and business of its Imperial Group business to Wynnchurch Capital, Ltd. in partnership with Imperial Manufacturing, Inc. for $30.0 million, plus a contingent earn-out opportunity of up to $2.25 million.  The sale resulted in the recognition of a $12.0 million loss, including a $2.5 million impairment charge on the assets retained, on our consolidated statement of operations, which is reclassified within Discontinued Operations.  The sale included a working capital adjustment, plus a contingent payment of up to $2.25 million depending on Imperial’s financial performance during calendar years 2013-2015.  See Note 2 “Discontinued Operations” for further discussion.

Management's Estimates and Assumptions

Management’s Estimates and Assumptions – The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Revenue Recognition – Revenue from product sales is recognized upon shipment whereupon title passes and we have no further obligations to the customer. Provisions for discounts and rebates to customers, and returns and other adjustments are provided for as a reduction of sales in the same period the related sales are recorded.

Cash and Cash Equivalents

Cash and Cash Equivalents – Cash and cash equivalents include all highly liquid investments with original maturities of three months or less. The carrying value of these investments approximates fair value due to their short maturity.

Inventories

Inventories – Inventories are stated at the lower of cost or market. Cost for substantially all inventories is determined by the first-in, first-out method (“FIFO”). We review inventory on hand and write down excess and obsolete inventory based on our assessment of future demand and historical experience. We also recognize abnormal items as current-period charges. Fixed production overhead costs are based on the normal capacity of the production facilities.

Property, Plant and Equipment

Property, Plant and Equipment – Property, plant and equipment is recorded at cost and is depreciated using the straight-line method over their expected useful lives. Generally, buildings and improvements have useful lives of 15-40 years, and factory machinery and equipment have useful lives of 10 years.  Internal-use software is stated at cost less accumulated amortization and is amortized using the straight-line method over its estimated useful life of three years.  Software assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of the assets.  During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project.

Deferred Financing Costs

Deferred Financing Costs – Costs incurred in connection with the ABL Credit Agreement and issuance of our senior secured notes (see Note 7) were originally deferred and are being amortized over the life of the related debt using the effective interest method.

Goodwill

Goodwill – Goodwill represents the excess of the reorganization value of the Company over the fair value of net tangible assets and identifiable assets and liabilities resulting from the fresh-start reporting. See Note 4 for further discussion.

Intangible Assets

Intangible Assets – Identifiable intangible assets consist of trade names, technology and customer relationships. Indefinite lived intangibles assets (trade names) are not amortized. The lives for the definite-lived intangibles assets are reviewed to ensure recoverability whenever events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. See Note 4 for further discussion.

Impairment

Impairment – We evaluate our long-lived assets to be held and used and our amortizing intangible assets for impairment when events or changes in economic circumstances indicate the carrying amount of such assets may not be recoverable. Impairment is determined by comparison of the carrying amount of the asset to the undiscounted net cash flows expected to be generated by the related asset group. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal.

Goodwill and our indefinite lived intangible assets (trade names) are reviewed for impairment annually or more frequently if impairment indicators exist. Impairment is determined for trade names by comparison of the carrying amount to the fair value, which is determined using an income approach (relief from royalty method). Impairment is determined for goodwill using the two-step approach. The first step is the estimation of fair value of each reporting unit, which is compared to the carrying value. If step one indicates that impairment potentially exists, the second step is performed to measure the amount of impairment, if any. Goodwill impairment exists when the implied fair value of goodwill is less than its carrying value.

Pension Plans

Pension Plans – We have trusteed, non-contributory pension plans covering certain U.S. and Canadian employees. For certain plans, the benefits are based on career average salary and years of service and, for other plans, a fixed amount for each year of service. Our net periodic pension benefit costs are actuarially determined. Our funding policy provides that payments to the pension trusts shall be at least equal to the minimum legal funding requirements.

Postretirement Benefits Other Than Pensions

Postretirement Benefits Other Than Pensions – We have postretirement health care and life insurance benefit plans covering certain U.S. non-bargained and Canadian employees. We account for these benefits on an accrual basis and provide for the expected cost of such postretirement benefits accrued during the years employees render the necessary service. Our funding policy provides that payments to participants shall be at least equal to our cash basis obligation.

Postemployment Benefits Other Than Pensions

Postemployment Benefits Other Than Pensions – We have certain post-employment benefit plans, which provide severance benefits, covering certain U.S. and Canadian employees. We account for these benefits on an accrual basis.

Product Warranties

Product Warranties – The Company provides product warranties in conjunction with certain product sales. Generally, sales are accompanied by a 1- to 5-year standard warranty. These warranties cover factors such as non-conformance to specifications and defects in material and workmanship.  See Note 17 for a discussion of warranties.

Income Taxes

Income Taxes – Our income tax expense, deferred tax assets and liabilities, and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid. We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgments and estimates are required in determining the consolidated income tax expense.

Deferred income taxes arise from temporary differences between the tax and financial statement recognition of revenue and expense. In evaluating our ability to recover our deferred tax assets within the jurisdiction from which they arise, we consider all available positive and negative evidence, including scheduled reversals of deferred tax liabilities, projected future taxable income, tax-planning strategies, and results of recent operations. In projecting future taxable income, we begin with historical results, adjusted for the results of discontinued operations and changes in accounting policies, and incorporate assumptions including the amount of future state, federal and foreign pretax operating income, the reversal of temporary differences, and the implementation of feasible and prudent tax-planning strategies. These assumptions require significant judgment about the forecasts of future taxable income and are consistent with the plans and estimates we are using to manage the underlying businesses. In evaluating the objective evidence that historical results provide, we consider three years of cumulative operating income (loss).

We have concluded that it is more likely than not that we will not realize the benefits of certain deferred tax assets, totaling $99.6 million, for which we have provided a valuation allowance. See Note 9 for a discussion of valuation allowances.

We record uncertain tax positions on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (2) those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.  We also recognize accrued interest expense and penalties related to the unrecognized tax benefits as additional tax expense.

Research and Development Costs

Research and Development Costs – Expenditures relating to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred and are reported as a component of operating expenses in the consolidated statements of operations and comprehensive income (loss). The amount expensed in the years ended December 31, 2013, 2012 and 2011 totaled $5.7 million, $6.6 million and $4.8 million, respectively.

Foreign Currency

Foreign Currency – The assets and liabilities of Accuride Canada and AdM that are receivable or payable in cash are converted at current exchange rates, and inventories and other non-monetary assets and liabilities are converted at historical rates. Revenues and expenses are converted at average rates in effect for the period. The functional currencies of Accuride Canada and AdM have been determined to be the U.S. dollar. Accordingly, gains and losses resulting from conversion of such amounts, as well as gains and losses on foreign currency transactions, are included in operating results as “Other income (loss), net.” For the years ended December 31, 2013, 2012, and 2011 we had aggregate net foreign currency losses of $0.6 million, $1.1 million and $0.1 million, respectively.

Concentrations of Credit Risk

Concentrations of Credit Risk – Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash, cash equivalents, customer receivables, and derivative financial instruments. We place our cash and cash equivalents and execute derivatives with high quality financial institutions. Generally, we do not require collateral or other security to support customer receivables.

Derivative Financial Instruments

Derivative Financial Instruments – We periodically use derivative instruments to manage exposure to foreign currency, commodity prices, and interest rate risks. We do not enter into derivative financial instruments for trading or speculative purposes. The derivative instruments used by us include interest rate, foreign exchange, and commodity price instruments. All derivative instruments are recognized on the consolidated balance sheet at their estimated fair value. As of December 31, 2013 and 2012, there were no derivatives.

Foreign Exchange Instruments

Foreign Exchange Instruments – At December 31, 2013 and 2012, the notional amount of open foreign exchange forward contracts was $0.0 million and $1.3 million, respectively.

Earnings Per Share

Earnings Per Share – Earnings per share are calculated as net income (loss) divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus common stock equivalents outstanding during the year. Employee stock options outstanding to acquire 165,197 and 195,475 shares in 2013 and 2012 respectively, and warrants exercisable for 2,205,882 shares outstanding in 2011 were not included in the computation of diluted earnings per common share because the effect would be anti-dilutive.

	Years Ended December 31,
(In thousands except per share data)	2013			2012			2011
Numerator:
Net loss from continuing operations	$	(26,335	)	$	(173,375	)	$	(17,504	)
Net income (loss) from discontinued  operations		(11,978	)		(4,632	)		473
Net loss		(38,313	)		(178,007	)		(17,031	)
Denominator:
Weighted average shares outstanding – Basic		47,548			47,378			47,277
Weighted average shares outstanding - Diluted		47,548			47,378			47,277
Basic loss per common share:
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Basic loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)
Diluted loss per common share
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Diluted loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)

Stock Based Compensation

Stock Based Compensation – As described in Note 10, we maintain stock-based compensation plans which allow for the issuance of incentive stock options, or ISOs, as defined in section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), non-statutory stock options, restricted stock, restricted stock units, stock appreciation rights (“SARs”), deferred stock, dividend equivalent rights, performance awards and stock payments (referred to collectively as Awards), to officers, our key employees, and to members of the Board of Directors. We recognize compensation expense under the modified prospective method as a component of operating expenses.

On November 9, 2011, our Board of Directors adopted a Rights Agreement pursuant to which one purchase right was distributed as a dividend on each share of our common stock held of record as of the close of business on November 23, 2011. On November 7, 2012, our Board of Directors adopted an Amended and Restated Rights Agreement (the “Amended and Restated Rights Agreement”), which modified the Original Rights Agreement by extending the term of the Original Rights Agreement to November 9, 2015, subject to stockholder approval at our 2013 annual meeting of stockholders, and making certain other adjustments.  On December 19, 2012, our Board of Directors amended the Amended and Restated Rights Agreement by shortening the term to April 30, 2014, subject to stockholder approval at our 2013 annual meeting of stockholders.  Our stockholders ratified the Amended and Restated Rights Agreement at our 2013 Annual Meeting and the Rights plan will terminate on April 30, 2014.

Upon becoming exercisable, each right will entitle its holder to purchase from the Company one one-hundredth of a share of our Series A Junior Participating Preferred Stock for the purchase price of $30.00. Generally, the rights will become exercisable ten business days after the date on which any person or group becomes the beneficial owner of 20% or more of our common stock or has commenced a tender or exchange offer which, if consummated, would result in any person or group becoming the beneficial owner of 20% or more of our common stock, subject to the terms and conditions set forth in the rights agreement. The rights are attached to the certificates representing outstanding shares of common stock until the rights become exercisable, at which point separate certificates will be distributed to the record holders of our common stock. If a person or group becomes the beneficial owner of 20% or more of our common stock, which we refer to as an “acquiring person,” each right will entitle its holder, other than the acquiring person, to receive upon exercise a number of shares of our common stock having a market value of two times the purchase price of the right.

New Accounting Pronouncements

New Accounting Pronouncements

In February 2013, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”)  2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date.  The objective of the amendments in this update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for those obligations addressed within existing guidance in U.S. GAAP.  The amendment requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and an additional amount the reporting entity expects to pay on behalf of its co-obligors.  The entity is required to disclose the nature and amount of the obligation as well as other information about those obligations.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-04 on the consolidated financial statements.

On July 18, 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.  Topic 740 does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The objective of the amendments in this update is to eliminate that diversity in practice.  The update is effective for fiscal years and interim periods within those years beginning after December 15, 2013.  We are currently evaluating the impact of adopting ASU 2013-11 on the consolidated financial statements.

Recent Accounting Adoptions

Recent Accounting Adoptions

In December 2011, FASB issued ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. The amendments in this update require an entity to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. This update will enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments. The requirements of this update are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. Entities should provide the disclosures required retrospectively for all comparative periods presented. The Company adopted ASU 2011-11 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In July 2012, FASB issued ASU 2012-02, Testing Indefinite-Lived Intangible Assets for Impairment.  The objective of the amendments in this update is to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by simplifying how an entity tests those assets for impairment and to improve consistency in impairment testing guidance among long-lived asset categories.  The amendments permit an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test.  The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted ASU 2012-02 as of January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

In January 2013, FASB issued ASU 2013-01, Balance Sheet (Topic 210):Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”). ASU 2013-01 contains no amendments to disclosure requirements. The amendments clarify that the scope of ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which introduced new disclosure requirements, applies to derivatives accounted for in accordance with Topic 815, Derivatives and Hedging, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. ASU 2013-01 is effective for fiscal years beginning on or after January 1, 2013 and interim periods within those annual periods. Adoption of this new guidance did not have a material impact on the Company’s financial statements as these updates have an impact on presentation only.

In February 2013, FASB issued ASU 2013-02, Comprehensive Income.  The objective of the amendments in this update is to improve the reporting of reclassifications out of accumulated other comprehensive income.  The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income.  For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts.  The amendments are effective prospectively for reporting periods beginning after December 15, 2012.  The Company adopted ASU 2013-02 on January 1, 2013.  The adoption did not have a material impact on our consolidated financial statements.

XML

Debt (Details) (USD $)	0 Months Ended	12 Months Ended
	Jul. 29, 2010	Dec. 31, 2013	Dec. 31, 2012	Jul. 11, 2013
Debt Instrument [Line Items]
Total debt		$ 330,183,000	$ 324,133,000
9.5% senior secured notes, net of discount		305,200,000	304,100,000
Interest rate (in hundredths)		9.50%	9.50%
Excess availability under line of credit for fixed charge coverage ratio		10,000,000
Excess availability under line of credit as percentage of aggregate commitments (in hundredths)		10.00%
9.5% senior secured notes [Member]
Debt Instrument [Line Items]
9.5% senior secured notes, net of discount		305,200,000	304,100,000
Interest rate (in hundredths)		9.50%	9.50%
Refinancing of debt		310,000,000
Unamortized discount		8,400,000
ABL Credit Facility [Member]
Debt Instrument [Line Items]
Borrowed amount from credit facility		25,000,000	20,000,000	45,300,000
Interest rate terms		Borrowings under the New ABL Facility bear interest through maturity at a variable rate based upon, at our option, either LIBOR or the base rate (which is the greatest of one-half of 1.00% in excess of the federal funds rate, 1.00% in excess of the one-month LIBOR rate and the Agent’s prime rate), plus, in each case, an applicable margin.
Excess availability of facility to maintain fixed charge coverage ratio, minimum		10,000,000
Average interest rate (in hundredths)		3.70%	4.15%
Average amount outstanding		38,180,000	20,000,000
Aggregate availability subject to certain conditions	100,000,000
Credit facility principal amount	75,000,000	100,000,000
Increased availability under the facility	25,000,000
Maturity date	Jul. 29, 2014	Jul. 18, 2014
Commitment fee if utilization within limit (in hundredths)	0.75%	0.25%
Commitment fee if utilization more than limit (in hundredths)	0.50%	0.375%
Utilization percentage of commitments (in hundredths)	50.00%	50.00%
ABL Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		2.75%
ABL Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		3.50%
Letter of credit [Member] | ABL Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate availability subject to certain conditions	10,000,000	20,000,000
Revolving Credit Facility [Member] | ABL Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility principal amount		90,000,000
First In Last Out Term Facility [Member] | ABL Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility principal amount		10,000,000
Increased availability under the facility		50,000,000
First In Last Out Term Facility [Member] | ABL Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		1.00%
First In Last Out Term Facility [Member] | ABL Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		1.50%
First In Last Out Term Facility [Member] | ABL Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		2.75%
First In Last Out Term Facility [Member] | ABL Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		3.25%
Swingline Loans [Member] | ABL Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate availability subject to certain conditions	$ 25,000,000	$ 10,000,000
Other Advances [Member] | ABL Credit Facility [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		0.00%
Other Advances [Member] | ABL Credit Facility [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		0.50%
Other Advances [Member] | ABL Credit Facility [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		1.75%
Other Advances [Member] | ABL Credit Facility [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread (in hundredths)		2.25%

XML

Guarantor and Non-guarantor Financial Statements (Tables)

12 Months Ended

Dec. 31, 2013

Guarantor and Non-guarantor Financial Statements [Abstract]

CONDENSED CONSOLIDATED BALANCE SHEET

Our senior secured notes are, jointly and severally, fully and unconditionally guaranteed, on a senior basis, by all of our existing and future 100% owned domestic subsidiaries (“Guarantor Subsidiaries”). The non-guarantor subsidiaries are our foreign subsidiaries and discontinued operations. The following condensed financial information illustrates the composition of the combined Guarantor Subsidiaries:

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31, 2013
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
ASSETS
Cash and cash equivalents	$	31,018	$	—		$	2,408		$	—		$	33,426
Accounts and other receivables, net		97,382		19,955			60,538			(118,355	)		59,520
Inventories		16,858		20,759			2,022			(310	)		39,329
Other current assets		7,159		4,357			5,477			—			16,993
Total current assets		152,417		45,071			70,445			(118,665	)		149,268
Property, plant, and equipment, net		80,286		103,800			35,538			—			219,624
Goodwill		96,283		4,414			—			—			100,697
Intangible assets, net		122,764		2,666			—			—			125,430
Investments in and advances to subsidiaries and affiliates		128,059		—			—			(128,059	)		—
Other non-current assets		5,971		1,791			8,996			—			16,758
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	12,092	$	28,215		$	7,220			—		$	47,527
Accrued payroll and compensation		1,604		5,776			1,383			—			8,763
Accrued interest payable		12,535		—			—			—			12,535
Accrued and other liabilities		112,164		22,705			4,970		$	(118,665	)		21,174
Total current liabilities		138,395		56.696			13,573			(118,665	)		89,999
Long term debt		330,183		—			—			—			330,183
Deferred and non-current income taxes		36,970		(19,108	)		(334	)		—			17,528
Other non-current liabilities		18,348		75,769			18,066			—			112,183
Stockholders’ equity		61,884		44,385			83,674			(128,059	)		61,884
TOTAL	$	585,780	$	157,742		$	114,979		$	(246,724	)	$	611,777

	December 31, 2012
(In thousands)	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries		Eliminations			Total
ASSETS
Cash and cash equivalents	$	24,084	$	—		$	2,667	$	—		$	26,751
Accounts and other receivables, net		36,107		18,403			40,713		(30,627	)		64,596
Inventories		19,563		24,528			17,681		(580	)		61,192
Other current assets		7,231		1,727			1,217		—			10,175
Total current assets		86,985		44,658			62,278		(31,207	)		162,714
Property, plant, and equipment, net		93,990		110,894			62,493		—			267,377
Goodwill		96,283		4,414			—		—			100,697
Intangible assets, net		131,347		2,833			—		—			134,180
Investments in and advances to subsidiaries and affiliates		95,875		—			—		(95,875	)		—
Other non-current assets		14,066		586			5,099		(6,903	)		12,848
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable	$	14,809	$	26,999		$	17,373		—		$	59,181
Accrued payroll and compensation		1,241		7,203			2,282		—			10,726
Accrued interest payable		12,543		—			—		—			12,543
Accrued and other liabilities		9,061		41,531			4,926	$	(31,207	)		24,311
Total current liabilities		37,654		75,733			24,581		(31,207	)		106,761
Long term debt		324,133		—			—		—			324,133
Deferred and non-current income taxes		73,410		(39,830	)		555		(6,903	)		27,232
Other non-current liabilities		18,476		106,671			29,670		—			154,817
Stockholders’ equity		64,873		20,811			75,064		(95,875	)		64,873
TOTAL	$	518,546	$	163,385		$	129,870	$	(133,985	)	$	677,816

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	Year ended December 31, 2013
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	429,175		$	288,220		$	132,776		$	(207,288	)	$	642,883
Cost of goods sold		403,996			277,955			123,535			(206,559	)		598,927
Gross profit		25,179			10,265			9,241			(729	)		43,956
Operating expenses		43,118			1,747			323			—			45,188
Income from operations		(17,939	)		8,518			8,918			(729	)		(1,232	)
Other income (expense):
Interest expense, net		(35,664	)		(800	)		1,437			—			(35,027	)
Equity in earnings of subsidiaries		11,786			—			—			(11,786	)		—
Other income (expense), net		(259	)		222			(283	)		—			(320	)
Income (loss) before income taxes from continuing operations		(42,076	)		7,940			10,072			(12,515	)		(36,579	)
Income tax (benefit)		(3,763	)		(8,438	)		1,957			—			(10,244	)
Income (loss) from continuing operations		(38,313	)		16,378			8,115			(12,515	)		(26,335	)
Discontinued operations, net of tax		—			—			(11,978	)		—			(11,978	)
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Comprehensive income (loss)	$	(5,191	)	$	32,012		$	10,044		$	(42,056	)	$	(5,191	)

	Year ended December 31, 2012
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	438,350		$	398,662		$	146,620		$	(188,998	)	$	794,634
Cost of goods sold		420,062			371,192			141,377			(188,998	)		743,633
Gross profit		18,288			27,470			5,243			—			51,001
Operating expenses		16,384			173,557			290			—			190,231
Income from operations		1,904			(146,087	)		4,953			—			(139,230	)
Other income (expense):
Interest expense, net		(34,672	)		(239	)		(27	)		—			(34,938	)
Equity in earnings of subsidiaries		(147,264	)		—			—			147,264			—
Other income (expense), net		1,167			243			(2,274	)		—			(864	)
Income (loss) before income taxes from continuing operations		(178,865	)		(146,083	)		2,652			147,264			(175,032	)
Income tax provision (benefit)		(858	)		—			(799	)		—			(1,657	)
Income (loss) from continuing operations		(178,007	)		(146,083	)		3,451			147,264			(173,375	)
Discontinued operations, net of tax		—			—			(4,632	)		—			(4,632	)
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Comprehensive income (loss)	$	(195,419	)	$	(153,548	)	$	(8,663	)	$	162,211		$	(195,419	)

	Year Ended December 31, 2011
(In thousands)	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
Net sales	$	432,934		$	388,641		$	147,236		$	(164,274	)	$	804,537
Cost of goods sold		374,709			378,352			138,140			(164,274	)		726,927
Gross profit		58,225			10,289			9,096			—			77,610
Operating expenses		46,748			9,795			340			—			56,883
Income from operations		11,477			494			8,756			—			20,727
Other income expense:
Interest expense, net		(33,475	)		(275	)		(347	)		—			(34,097	)
Equity in earnings of subsidiaries		(27,772	)		—			—			27,772			—
Other income (expense), net		37,788			3,298			(37,459	)		—			3,627
Income (loss) before income taxes from continuing operations		(11,982	)		3,517			(29,050	)		27,772			(9,743	)
Income tax provision (benefit)		5,049			—			2,712			—			7,761
Income (loss) from continuing operations		(17,031	)		3,517			(31,762	)		27,772			(17,504	)
Discontinued operations, net of tax		—			—			473			—			473
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Comprehensive income (loss)	$	(42,892	)	$	(10,646	)	$	(39,443	)	$	50,089		$	(42,892	)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year ended December 31, 2013
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(38,313	)	$	16,378		$	(3,863	)	$	(12,515	)	$	(38,313	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,503			19,584			5,492			—			35,579
Amortization – deferred financing costs		2,684			—			—			—			2,684
Amortization – other intangible assets		8,583			167			—			—			8,750
(Gain) loss on disposal of assets		761			176			11,150			—			12,087
Deferred income taxes		(3,910	)		(8,438	)		(687	)		—			(13,035	)
Non-cash stock-based compensation		2,411			—			—			—			2,411
Equity in earnings of subsidiaries and affiliates		(12,205	)		—			—			12,205			—
Change in other operating items		77,131			(53,546	)		(39,139	)		310			(15,244	)
Net cash provided by (used in) operating activities		47,645			(25,679	)		(27,047	)		—			(5,081	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(15,283	)		(19,573	)		(3,999	)		—			(38,855	)
Proceeds from notes receivable		(73,047	)		(185,927	)		(39,204	)		298,178			—
Payment on notes receivable		29,207			187,368			37,991			(254,566	)		—
Other		14,944			—			32,000			—			46,944
Net cash provided by (used in) investing activities		(44,179	)		(18,132	)		26,788			43,612			8,089
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment on notes payable		(245,359	)		(29,207	)		—			254,566			(20,000	)
Proceeds from notes payable		250,131			73,047			—			(298,178	)		25,000
Other		(1,333	)		—			—			—			(1,333	)
Net cash provided by financing activities		3,439			43,840			—			(43,612	)		3,667
Increase (decrease) in cash and cash equivalents		6,905			29			(259	)		—			6,675
Cash and cash equivalents, beginning of period		24,113			(29	)		2,667			—			26,751
Cash and cash equivalents, end of period	$	31,018		$	—		$	2,408		$	—		$	33,426

	Year ended December 31, 2012
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(178,007	)	$	(146,083	)	$	(1,181	)	$	147,264		$	(178,007	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and impairment		10,493			159,067			12,306			—			181,866
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,616			2,365			—			—			10,981
(Gain) loss on disposal of assets		(1,950	)		2,718			107			—			875
Deferred income taxes		(1,571	)		—			(2,232	)		—			(3,803	)
Non-cash stock-based compensation		3,119			—			—			—			3,119
Equity in earnings of subsidiaries and affiliates		147,264			—			—			(147,264	)
Change in other operating items		35,877			(20,193	)		(5,444	)		—			10,240
Net cash provided by (used in) operating activities		26,600			(2,126	)		3,556			—			28,030
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(25,152	)		(24,200	)		(9,842	)		—			(59,194	)
Other		(37,823	)		28,844			9,979			—			1,000
Net cash provided by (used in) investing activities		(62,975	)		4,644			137			—			(58,194	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Other		8,910			—			(8,910	)		—			—
Net cash provided by financing activities		8,910			—			(8,910	)		—			—
Increase (decrease) in cash and cash equivalents		(27,465	)		2,518			(5,217	)		—			(30,164	)
Cash and cash equivalents, beginning of period		51,578			(2,547	)		7,884			—			56,915
Cash and cash equivalents, end of period	$	24,113		$	(29	)	$	2,667		$	—		$	26,751

	Year Ended December 31, 2011
(In thousands)	Parent Company			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(17,031	)	$	3,517		$	(31,289	)	$	27,772		$	(17,031	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation		10,717			20,802			7,399			—			38,918
Amortization – deferred financing costs		2,759			—			—			—			2,759
Amortization – other intangible assets		8,767			2,614			979			—			12,360
Loss on disposal of assets		(11,461	)		(957	)		12,862			—			444
Deferred income taxes		4,842			—			(548	)		—			4,294
Non-cash stock-based compensation		2,397			—			—			—			2,397
Equity in earnings of subsidiaries and affiliates		27,772			—			—			(27,772	)		—
Non-cash change in warrant liability		(3,971	)								—			(3,971	)
Change in other operating items		(35,831	)		15,603			(21,479	)		—			(41,707	)
Net cash provided by (used in) operating activities		(11,040	)		41,579			(32,076	)		—			(1,537	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment		(10,115	)		(42,249	)		(6,007	)		—			(58,371	)
Other		(22,381	)		—			40,738			—			18,357
Net cash provided by (used in) investing activities		(32,496	)		(42,249	)		34,731			—			(40,014	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in revolving credit advance		20,000			—			—			—			20,000
Net cash provided by (used in) financing activities		20,000			—			—			—			20,000
Increase (decrease) in cash and cash equivalents		(23,536	)		(670	)		2,655			—			(21,551	)
Cash and cash equivalents, beginning of period		75,114			(1,877	)		5,229			—			78,466
Cash and cash equivalents, end of period	$	51,578		$	(2,547	)	$	7,884		$	—		$	56,915

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $) In Thousands, unless otherwise specified	Common Stock and Additional Paid-in-Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficiency [Member]	Total
BALANCE at Dec. 31, 2010	$ 433,192	$ (8,561)	$ (126,532)	$ 298,099
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	0	0	(17,031)	(17,031)
Share-based compensation expense	2,397	0	0	2,397
Other	(221)	0	0	(221)
Other comprehensive loss	0	(25,861)	0	(25,861)
BALANCE at Dec. 31, 2011	435,368	(34,422)	(143,563)	257,383
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	0	0	(178,007)	(178,007)
Share-based compensation expense	3,119	0	0	3,119
Tax impact of forfeited vested shares	(210)	0	0	(210)
Other comprehensive loss	0	(17,412)	0	(17,412)
BALANCE at Dec. 31, 2012	438,277	(51,834)	(321,570)	64,873
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	0	0	(38,313)	(38,313)
Share-based compensation expense	2,411	0	0	2,411
Tax impact of forfeited vested shares	(209)	0	0	(209)
Other comprehensive loss	0	33,122	0	33,122
BALANCE at Dec. 31, 2013	$ 440,479	$ (18,712)	$ (359,883)	$ 61,884

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Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 4 - Goodwill and Other Intangible Assets

The Company performs its annual assessment for impairment of goodwill at November 30 for all reporting units and tests these balances more frequently if indicators are present or changes in circumstances suggest that impairment may exist.  The estimates and assumptions underlying the fair value calculations used in the Company’s annual impairment tests are uncertain by their nature and can vary significantly from actual results.  Factors that management must estimate include, but are not limited to, industry and market conditions, sales volume and pricing, raw material costs, capital expenditures, working capital changes, cost of capital, and tax rates.  These factors are especially difficult to predict when U.S. and global financial markets are volatile. The estimates and assumptions used in its impairment tests are consistent with those the Company uses in its internal planning. These estimates and assumptions may change from period to period.  If the Company uses different estimates and assumptions in the future, impairment charges may occur and could be material.

In performing the test on goodwill, the Company utilizes the two-step approach.  The first step under this guidance requires a comparison of the carrying value of the reporting units, of which the Company has identified three in total, to the fair value of these reporting units.  The Company uses the income approach to determine the fair value of each reporting unit and the guideline company market value approach.  The income approach calculates fair value by estimating the after-tax cash flows attributable to a reporting unit and then discounting these after-tax cash flows to a present value using a risk-adjusted discount rate.  If the carrying value of a reporting unit exceeds its fair value, the Company performs the second step of the goodwill impairment test to measure the amount of impairment loss, if any.  The second step of the goodwill impairment test compares the implied fair value of a reporting unit’s goodwill to its carrying value.  

When we evaluate goodwill for impairment using a quantitative assessment, we compare the fair value of each reporting segment to its carrying value. We determine the fair value using an income approach and a guideline company market value approach. Under the income approach, we calculate the fair value of a reporting unit based on the present value of estimated future cash flows using growth rates and discount rates that are consistent with current market conditions in our industry.  If the fair value of the reporting unit exceeds the carrying value of the net assets including goodwill assigned to that unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then we determine the implied fair value of the reporting unit’s goodwill. If the carrying value of the reporting unit’s goodwill exceeds its implied fair value, then an impairment of goodwill has occurred and we recognize an impairment loss for the difference between the carrying amount and the implied fair value of goodwill as a component of operating income.

At November 30, 2013, we evaluated the value of the goodwill and indefinite lived intangibles and determined there were no impairment indicators.

At November 30, 2012, as a result of business developments in the Gunite reporting unit, including a loss of customer market share, evidence of declining aftermarket sales, overall reduced production levels of the commercial vehicle market, operating losses for the past several years, and recent declines in the Company’s stock price to an amount below book value, the Gunite reporting unit failed the step one goodwill impairment test.  As of December 31, 2012 the Company estimated the fair value of the Gunite reporting unit utilizing a discounted cash flow model as the Company believes it is the most reliable indicator of fair value.  Therefore, the second step of the analysis was performed resulting in the Company recognizing goodwill impairment charges of $62.8 million.  The Wheels and Brillion reporting units both passed the Step One test.

The Company determines the fair value of other indefinite lived intangible assets, primarily trade names, using the relief-from-royalty method, an income based approach. The approach calculates fair value by applying royalty rates to the after tax cash flows attributable to the asset, and then discounting these after tax cash flows to a present value using a risk-adjusted discount rate. The calculated fair value is compared to the carrying value to determine if any impairment exists.  Significant Level 3 inputs included in the valuation of trade names include the selected royalty rate and discount rate.

If events or circumstances change, a determination is made by management to ascertain whether certain finite-lived intangibles such as customer relationships and technology have been impaired based on the sum of expected future undiscounted cash flows from operating activities. If the estimated net cash flows are less than the carrying amount of such assets, an impairment loss is recognized in an amount necessary to write down the assets to fair value as determined from expected future discounted cash flows.

At November 30, 2013, we evaluated the value of the finite-lived intangible assets and determined there were no impairment indicators.

At November 30, 2012, we performed a recoverability test of the Gunite’s finite-lived intangible assets by using an undiscounted cash flow method.  We first determined the asset group to be the Gunite reporting unit, which represents the lowest level of identifiable cash flows.  Our test concluded that the Gunite asset group was not recoverable as the resulting undiscounted cash flows were less than the carrying amount of the asset group.  Accordingly, we estimated the fair value of the finite-lived intangible assets to determine the impairment amount.  Determining fair value is judgmental in nature and requires the use of significant estimates and assumptions, considered to be Level 3 inputs.

To determine the estimated fair value of customer relationships, the multi-period excess earnings method was used.  This method is based on the concept that cash flows attributable to the assets analyzed are available after deducting costs associated with the business as well as a return on the assets employed in the generation of the cash flows.  Significant Level 3 inputs for this valuation model include determining the attrition rate associated with customer revenues, contributory asset charges and required rates of return on tangible and intangible assets, as well as a discount rate for the cash flows.  To determine the fair value of technology, the relief-from-royalty method described above was used.  In applying this method to technology, significant Level 3 inputs include determining the technology obsolescence rate, a royalty rate, and an appropriate discount rate.

As a result of the fair value measurements for Gunite’s trade names, customer relationships and technology, the Company recorded an impairment charge of these intangible assets totaling $36.8 million for the year ended December 31, 2012.

 The following represents the carrying amount of goodwill, on a reportable segment basis:

(In thousands)	Wheels		Gunite			Brillion Iron Works		Total
Balance as of December 31, 2011	$	96,283	$	62,839		$	4,414	$	163,536
Impairment loss		—		(62,839	)		—		(62,839	)
Balance as of December 31, 2012	$	96,283	$	—		$	4,414	$	100,697
Balance as of December 31, 2013	$	96,283	$	—		$	4,414	$	100,697

The changes in the carrying amount of other intangible assets for the period December 31, 2011 to December 31, 2013 by reportable segment for the Company, are as follows:

(In thousands)	Wheels			Gunite			Brillion Iron Works			Corporate			Total
Balance as of December 31, 2011	$	138,575		$	38,968		$	2,997		$	809		$	181,349
Additions		—			—			—			580			580
Impairment loss		—			(36,768	)		—			—			(36,768	)
Amortization		(7,907	)		(2,200	)		(164	)		(710	)		(10,981	)
Balance as of December 31, 2012	$	130,668		$	—		$	2,833		$	679		$	134,180
Additions		—			—			—			—			—
Amortization		(7,904	)		—			(167	)		(679	)		(8,750	)
Impairment loss		—			—			—			—			—
Balance as of December 31, 2013	$	122,764		$	—		$	2,666		$	—		$	125,430

The summary of goodwill and other intangible assets is as follows:

			As of December 31, 2013						As of December 31, 2012
(In thousands)	Weighted Average Useful Lives		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount		Gross Amount		Accumulated Amortization & Impairment		Carrying Amount
Goodwill		—	$	100,697	$	—	$	100,697	$	100,697	$	—	$	100,697
Other intangible assets:
Non-compete agreements		1.7	$	1,552	$	1,552	$	—	$	1,552	$	873	$	679
Trade names		—		25,200		—		25,200		33,200		8,000		25,200
Technology		10.0		38,849		20,497		18,352		38,849		17,547		21,302
Customer relationships		19.9		129,093		47,215		81,878		129,093		42,094		86,999
			$	194,694	$	69,264	$	125,430	$	202,694	$	68,514	$	134,180

We estimate that aggregate intangible asset amortization expense for the Company will be approximately $8.1 million in 2014 and approximately $8.1 million in 2015 through 2018.

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Quarterly Data (unaudited) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly Data (unaudited) [Abstract]
Net sales	$ 144,691	$ 155,264	$ 179,941	$ 162,987	$ 148,575	$ 187,255	$ 229,487	$ 229,317	$ 642,883	$ 794,634	$ 804,537
Cost of goods sold	135,989	144,994	161,235	156,709	151,317	181,259	204,332	206,725	598,927	743,633	726,927
GROSS PROFIT	8,702	10,270	18,706	6,278	(2,742)	5,996	25,155	22,592	43,956	51,001	77,610
Operating expenses	10,371	10,995	12,747	11,075	146,274	13,809	15,286	14,862	45,188	190,231	56,883
INCOME (LOSS) FROM OPERATIONS	(1,669)	(725)	5,959	(4,797)	(149,016)	(7,813)	9,869	7,730	(1,232)	(139,230)	20,727
Interest expense, net	(8,465)	(8,711)	(9,157)	(8,694)	(8,614)	(8,921)	(8,658)	(8,745)	(35,027)	(34,938)	(34,097)
Other income (loss), net	(570)	546	(441)	145	(1,400)	815	(436)	157	(320)	(864)	3,627
Income tax provision (benefit)	(12,622)	(495)	1,464	1,409	(4,487)	(106)	1,339	1,597	(10,244)	(1,657)	7,761
LOSS FROM CONTINUING OPERATIONS	1,918	(8,395)	(5,103)	(14,755)	(154,543)	(15,813)	(564)	(2,455)	(26,335)	(173,375)	(17,504)
Discontinued operations, net of tax	(307)	(10,220)	(259)	(1,192)	(1,995)	(1,866)	(277)	(494)	(11,978)	(4,632)	473
Net income (loss)	$ 1,611	$ (18,615)	$ (5,362)	$ (15,947)	$ (156,538)	$ (17,679)	$ (841)	$ (2,949)	$ (38,313)	$ (178,007)	$ (17,031)
Basic income (loss) per share [Abstract]
Continuing operations (in dollars per share)	$ 0.04	$ (0.18)	$ (0.11)	$ (0.31)	$ (3.26)	$ (0.34)	$ (0.01)	$ (0.05)	$ (0.56)	$ (3.66)	$ (0.37)
Discontinued operations (in dollars per share)	$ (0.01)	$ (0.21)	$ 0	$ (0.03)	$ (0.04)	$ (0.04)	$ (0.01)	$ (0.01)	$ (0.25)	$ (0.10)	$ 0.01
Basic income (loss) per share (in dollars per share)	$ 0.03	$ (0.39)	$ (0.11)	$ (0.34)	$ (3.30)	$ (0.38)	$ (0.02)	$ (0.06)	$ (0.81)	$ (3.76)	$ (0.36)
Diluted income (loss) per share [Abstract]
Continuing operations (in dollars per share)	$ 0.04	$ (0.18)	$ (0.11)	$ (0.31)	$ (3.26)	$ (0.34)	$ (0.01)	$ (0.05)	$ (0.56)	$ (3.66)	$ (0.37)
Discontinued operations (in dollars per share)	$ (0.01)	$ (0.21)	$ 0	$ (0.03)	$ (0.04)	$ (0.04)	$ (0.01)	$ (0.01)	$ (0.25)	$ (0.10)	$ 0.01
Diluted income (loss) per share (in dollars per share)	$ 0.03	$ (0.39)	$ (0.11)	$ (0.34)	$ (3.30)	$ (0.38)	$ (0.02)	$ (0.06)	$ (0.81)	$ (3.76)	$ (0.36)

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Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Nature of Operations, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Computation of basic and diluted earnings per common share

Earnings Per Share – Earnings per share are calculated as net income (loss) divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by dividing net income (loss) by the weighted-average number of common shares outstanding plus common stock equivalents outstanding during the year. Employee stock options outstanding to acquire 165,197 and 195,475 shares in 2013 and 2012 respectively, and warrants exercisable for 2,205,882 shares outstanding in 2011 were not included in the computation of diluted earnings per common share because the effect would be anti-dilutive.

	Years Ended December 31,
(In thousands except per share data)	2013			2012			2011
Numerator:
Net loss from continuing operations	$	(26,335	)	$	(173,375	)	$	(17,504	)
Net income (loss) from discontinued  operations		(11,978	)		(4,632	)		473
Net loss		(38,313	)		(178,007	)		(17,031	)
Denominator:
Weighted average shares outstanding – Basic		47,548			47,378			47,277
Weighted average shares outstanding - Diluted		47,548			47,378			47,277
Basic loss per common share:
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Basic loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)
Diluted loss per common share
From continuing operations	$	(0.56	)	$	(3.66	)	$	(0.37	)
From discontinued operations		(0.25	)		(0.10	)		0.01
Diluted loss per common share	$	(0.81	)	$	(3.76	)	$	(0.36	)

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Quarterly Data (unaudited) (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Data (unaudited) [Abstract]

Quarterly income statement information

The following tables set forth certain quarterly income statement information for the years ended December 31, 2013 and 2012:

	2013
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	162,987		$	179,941		$	155,264		$	144,691		$	642,883
Cost of goods sold		156,709			161,235			144,994			135,989			598,927
Gross profit		6,278			18,706			10,270			8,702			43,956
Operating expenses		11,075			12,747			10,995			10,371			45,188
Income (loss) from operations		(4,797	)		5,959			(725	)		(1,669	)		(1,232	)
Interest expense, net		(8,694	)		(9,157	)		(8,711	)		(8,465	)		(35,027	)
Other income (loss), net		145			(441	)		546			(570	)		(320	)
Income tax provision (benefit)		1,409			1,464			(495	)		(12,622	)		(10,244	)
Income (Loss) from continuing operations		(14,755	)		(5,103	)		(8,395	)		1,918			(26,335	)
Discontinued operations, net of tax		(1,192	)		(259	)		(10,220	)		(307	)		(11,978	)
Net income (loss)	$	(15,947	)	$	(5,362	)	$	(18,615	)	$	1,611		$	(38,313	)
Basic income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)
Diluted income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)

	2012
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	229,317		$	229,487		$	187,255		$	148,575		$	794,634
Cost of goods sold		206,725			204,332			181,259			151,317			743,633
Gross profit		22,592			25,155			5,996			(2,742	)		51,001
Operating expenses		14,862			15,286			13,809			146,274			190,231
Income from operations		7,730			9,869			(7,813	)		(149,016	)		(139,230	)
Interest expense, net		(8,745	)		(8,658	)		(8,921	)		(8,614	)		(34,938	)
Other income, net		157			(436	)		815			(1,400	)		(864	)
Income tax provision (benefit)		1,597			1,339			(106	)		(4,487	)		(1,657	)
Income (loss) from continuing operations		(2,455	)		(564	)		(15,813	)		(154,543	)		(173,375	)
Discontinued operations, net of tax		(494	)		(277	)		(1,866	)		(1,995	)		(4,632	)
Net income (loss)	$	(2,949	)	$	(841	)	$	(17,679	)	$	(156,538	)	$	(178,007	)
Basic income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)
Diluted income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)

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Quarterly Data (unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Data (unaudited) [Abstract]

Quarterly Data (unaudited)

Note 14 – Quarterly Data (unaudited)

The following tables set forth certain quarterly income statement information for the years ended December 31, 2013 and 2012:

	2013
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	162,987		$	179,941		$	155,264		$	144,691		$	642,883
Cost of goods sold		156,709			161,235			144,994			135,989			598,927
Gross profit		6,278			18,706			10,270			8,702			43,956
Operating expenses		11,075			12,747			10,995			10,371			45,188
Income (loss) from operations		(4,797	)		5,959			(725	)		(1,669	)		(1,232	)
Interest expense, net		(8,694	)		(9,157	)		(8,711	)		(8,465	)		(35,027	)
Other income (loss), net		145			(441	)		546			(570	)		(320	)
Income tax provision (benefit)		1,409			1,464			(495	)		(12,622	)		(10,244	)
Income (Loss) from continuing operations		(14,755	)		(5,103	)		(8,395	)		1,918			(26,335	)
Discontinued operations, net of tax		(1,192	)		(259	)		(10,220	)		(307	)		(11,978	)
Net income (loss)	$	(15,947	)	$	(5,362	)	$	(18,615	)	$	1,611		$	(38,313	)
Basic income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)
Diluted income (loss) per share
Continuing operations	$	(0.31	)	$	(0.11	)	$	(0.18	)	$	0.04		$	(0.56	)
Discontinued operations		(0.03	)		(0.00	)		(0.21	)		(0.01	)		(0.25	)
Total	$	(0.34	)	$	(0.11	)	$	(0.39	)	$	0.03		$	(0.81	)

	2012
(In thousands, except per share data)		Q1			Q2			Q3			Q4		Total
Net sales	$	229,317		$	229,487		$	187,255		$	148,575		$	794,634
Cost of goods sold		206,725			204,332			181,259			151,317			743,633
Gross profit		22,592			25,155			5,996			(2,742	)		51,001
Operating expenses		14,862			15,286			13,809			146,274			190,231
Income from operations		7,730			9,869			(7,813	)		(149,016	)		(139,230	)
Interest expense, net		(8,745	)		(8,658	)		(8,921	)		(8,614	)		(34,938	)
Other income, net		157			(436	)		815			(1,400	)		(864	)
Income tax provision (benefit)		1,597			1,339			(106	)		(4,487	)		(1,657	)
Income (loss) from continuing operations		(2,455	)		(564	)		(15,813	)		(154,543	)		(173,375	)
Discontinued operations, net of tax		(494	)		(277	)		(1,866	)		(1,995	)		(4,632	)
Net income (loss)	$	(2,949	)	$	(841	)	$	(17,679	)	$	(156,538	)	$	(178,007	)
Basic income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)
Diluted income (loss) per share
Continuing operations	$	(0.05	)	$	(0.01	)	$	(0.34	)	$	(3.26	)	$	(3.66	)
Discontinued operations		(0.01	)		(0.01	)		(0.04	)		(0.04	)		(0.10	)
Total	$	(0.06	)	$	(0.02	)	$	(0.38	)	$	(3.30	)	$	(3.76	)