XML 20 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUPPLEMENTAL CONDENSED FINANCIAL INFORMATION (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Apr. 02, 2011
Dec. 31, 2011
Dec. 31, 2010
CURRENT ASSETS:        
Cash and cash equivalents $ 147.1 $ 306.5    
Accounts receivable 458.6 506.4 339.6  
Inventories 473.0 452.6 491.1  
Prepaid and refundable income taxes 0 0.5 11.9  
Deferred taxes 34.6 31.3 26.4  
Prepaid expenses and other current assets 54.6   47.7  
Total current assets 1,167.9 1,336.3 1,155.5  
Property, plant and equipment 273.0 245.0 271.4  
Goodwill 258.5 161.8 255.3  
Other intangibles 900.9 725.0 897.4  
Investments in and loan to subsidiaries 36.2 42.6 35.6  
Other assets 98.7 94.8 100.1  
Total assets 2,735.2 2,605.5 2,715.3  
CURRENT LIABILITIES:        
Current portion of long-term debt and capital lease obligations 2.1 1.9 2.0  
Current portion of acquisition consideration payable 228.3   194.1  
Accounts payable 244.7 177.1 236.2  
Income taxes payable 11.5 0.2 1.4  
Accrued expenses and other current liabilities 125.3   146.3  
Total current liabilities 611.9 325.4 580.0  
NONCURRENT LIABILITIES:        
Long-term debt 832.4 809.6 831.4  
Obligations under capital leases 22.8 24.7 23.3  
Income taxes payable 0.5 6.4 6.7  
Deferred taxes 74.9 14.0 73.4  
Acquisition consideration payable 5.8   17.7  
Other 93.1 71.0 93.4  
Total liabilities 1,641.4 1,444.6 1,625.9  
EQUITY:        
Common stock and additional paid-in capital 527.7   522.6  
Retained earnings 586.2 620.0 596.2  
Accumulated other comprehensive (loss) income (20.3) (5.4) (29.6)  
Total Jones stockholders' equity 1,093.6 1,160.7 1,089.2  
Noncontrolling interest 0.2 0.2 0.2  
Total equity 1,093.8 1,160.9 1,089.4 1,138.3
Total liabilities and equity 2,735.2 2,605.5 2,715.3  
Condensed Consolidating Statements of Operations [Abstract]        
Net sales 923.4 949.0    
Licensing income 12.3 12.1    
Other revenues 0.3 0.2    
Total revenues 936.0 961.3    
Cost of goods sold 592.5 630.6    
Gross profit 343.5 330.7    
Selling, general and administrative expenses 303.3 269.5    
Operating (loss) income 40.2 61.2    
Net interest expense (income) and financing costs 42.7 21.1    
Equity in income of unconsolidated affiliate 0.9 1.3    
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries (1.6) 41.4    
(Benefit) provision for income taxes (0.6) 15.5    
Net (loss) income (1.0) 25.9    
Less: income attributable to noncontrolling interest 0.2 0.2    
(Loss) income attributable to Jones (1.2) 25.7    
Other comprehensive income:        
Change in fair value of cash flow hegdes, net of tax (0.1) (0.4)    
Reclassification adjustment for hedge gains and losses included in net income, net of tax 0 0.1    
Foreign currency translation adjustments 9.4 3.3    
Total other comprehensive income 9.3 3.0    
Comprehensive income 8.3 28.9    
Condensed Consolidating Statements Of Cash Flows [Abstract]        
Net cash (used in) provided by operating activities (59.8) (136.8)    
Cash flows from investing activities:        
Capital expenditures (18.2) (32.9)    
Other (0.2) 0    
Net cash used in investing activities (18.4) (32.9)    
Cash flows from financing activities:        
Issuance of 6.875% Senior Notes due 2019 0 300.0    
Debt issuance costs 0 (6.4)    
Dividends paid (4.0) (4.3)    
Repurchase of of common shares (8.9) (10.0)    
Payments of acquisition consideration payable (2.0) (4.2)    
Other items, net 1.5 1.0    
Net cash (used in) provided by financing activities (13.4) 276.1    
Effect of exchange rates on cash (0.1) (0.7)    
Net (decrease) increase in cash and cash equivalents (91.7) 105.7    
Cash and cash equivalents, beginning 238.8 200.8    
Cash and cash equivalents, ending 147.1 306.5    
Consolidation, Eliminations [Member]
       
CURRENT ASSETS:        
Inventories (1.2)   (0.3)  
Prepaid and refundable income taxes (5.5)   1.7  
Total current assets (6.7)   1.4  
Due from affiliates (1,620.8)   (1,604.4)  
Deferred taxes (85.4)   (80.6)  
Investments in and loan to subsidiaries (3,093.6)   (3,047.9)  
Total assets (4,806.5)   (4,731.5)  
CURRENT LIABILITIES:        
Income taxes payable (25.7)   (18.1)  
Total current liabilities (25.7)   (18.1)  
NONCURRENT LIABILITIES:        
Deferred taxes (91.4)   (86.6)  
Due to affiliates (1,620.8)   (1,604.4)  
Total liabilities (1,737.9)   (1,709.1)  
EQUITY:        
Common stock and additional paid-in capital (2,352.4)   (2,352.4)  
Retained earnings (715.5)   (680.2)  
Accumulated other comprehensive (loss) income (0.7)   10.2  
Total Jones stockholders' equity (3,068.6)   (3,022.4)  
Total equity (3,068.6)   (3,022.4)  
Total liabilities and equity (4,806.5)   (4,731.5)  
Condensed Consolidating Statements of Operations [Abstract]        
Net sales (6.8) (4.8)    
Total revenues (6.8) (4.8)    
Cost of goods sold (3.7) (1.5)    
Gross profit (3.1) (3.3)    
Selling, general and administrative expenses (2.2) (3.3)    
Operating (loss) income (0.9) 0    
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries (0.9) 0    
(Benefit) provision for income taxes (0.4) 0    
Equity in earnings of subsidiaries (39.9) (53.5)    
Net (loss) income (40.4) (53.5)    
(Loss) income attributable to Jones (40.4) (53.5)    
Other comprehensive income:        
Change in fair value of cash flow hegdes, net of tax 0.1 0.4    
Reclassification adjustment for hedge gains and losses included in net income, net of tax 0 (0.1)    
Foreign currency translation adjustments (9.4) (3.3)    
Total other comprehensive income (9.3) (3.0)    
Comprehensive income (49.7) (56.5)    
Condensed Consolidating Statements Of Cash Flows [Abstract]        
Net cash (used in) provided by operating activities (2.8) (10.6)    
Cash flows from financing activities:        
Dividends paid 2.8 10.6    
Net cash (used in) provided by financing activities 2.8 10.6    
Issuers [Member]
       
CURRENT ASSETS:        
Cash and cash equivalents 113.2 280.6    
Accounts receivable 266.6   182.9  
Inventories 279.5   270.5  
Prepaid and refundable income taxes 5.0   5.3  
Deferred taxes 21.2   13.2  
Prepaid expenses and other current assets 22.3   21.5  
Total current assets 707.8   689.2  
Property, plant and equipment 62.7   64.9  
Goodwill 46.7   46.7  
Other intangibles 6.7   6.9  
Deferred taxes 85.4   80.6  
Investments in and loan to subsidiaries 3,093.6   3,047.9  
Other assets 78.0   79.3  
Total assets 4,080.9   4,015.5  
CURRENT LIABILITIES:        
Current portion of acquisition consideration payable 226.9   192.7  
Accounts payable 164.4   139.7  
Income taxes payable 25.6   11.2  
Accrued expenses and other current liabilities 65.4   79.0  
Total current liabilities 482.3   422.6  
NONCURRENT LIABILITIES:        
Long-term debt 832.3   831.3  
Income taxes payable 0.5   6.7  
Acquisition consideration payable 5.8   17.7  
Due to affiliates 1,620.8   1,604.4  
Other 69.1   67.7  
Total liabilities 3,010.8   2,950.4  
EQUITY:        
Common stock and additional paid-in capital 527.7   522.6  
Retained earnings 562.7   572.1  
Accumulated other comprehensive (loss) income (20.3)   (29.6)  
Total Jones stockholders' equity 1,070.1   1,065.1  
Total equity 1,070.1   1,065.1  
Total liabilities and equity 4,080.9   4,015.5  
Condensed Consolidating Statements of Operations [Abstract]        
Net sales 570.6 617.6    
Other revenues 0.3 0.2    
Total revenues 570.9 617.8    
Cost of goods sold 377.3 408.2    
Gross profit 193.6 209.6    
Selling, general and administrative expenses 206.7 220.7    
Operating (loss) income (13.1) (11.1)    
Net interest expense (income) and financing costs 43.2 22.6    
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries (56.3) (33.7)    
(Benefit) provision for income taxes (15.9) (5.9)    
Equity in earnings of subsidiaries 39.9 53.5    
Net (loss) income (0.5) 25.7    
(Loss) income attributable to Jones (0.5) 25.7    
Other comprehensive income:        
Change in fair value of cash flow hegdes, net of tax (0.1) (0.4)    
Reclassification adjustment for hedge gains and losses included in net income, net of tax 0 0.1    
Foreign currency translation adjustments 9.4 3.3    
Total other comprehensive income 9.3 3.0    
Comprehensive income 8.8 28.7    
Condensed Consolidating Statements Of Cash Flows [Abstract]        
Net cash (used in) provided by operating activities (67.9) (145.0)    
Cash flows from investing activities:        
Capital expenditures (3.9) (18.2)    
Net cash used in investing activities (3.9) (18.2)    
Cash flows from financing activities:        
Issuance of 6.875% Senior Notes due 2019 0 300.0    
Debt issuance costs 0 (6.4)    
Dividends paid (4.0) (4.3)    
Repurchase of of common shares (8.9) (10.0)    
Other items, net 2.1 1.5    
Net cash (used in) provided by financing activities (10.8) 280.8    
Net (decrease) increase in cash and cash equivalents (82.6) 117.6    
Cash and cash equivalents, beginning 195.8 163.0    
Cash and cash equivalents, ending 113.2 280.6    
Others [Member]
       
CURRENT ASSETS:        
Cash and cash equivalents 33.9 25.9    
Accounts receivable 192.0   156.7  
Inventories 194.7   220.9  
Prepaid and refundable income taxes 0.5   4.9  
Deferred taxes 13.4   13.2  
Prepaid expenses and other current assets 32.3   26.2  
Total current assets 466.8   464.9  
Property, plant and equipment 210.3   206.5  
Due from affiliates 1,620.8   1,604.4  
Goodwill 211.8   208.6  
Other intangibles 894.2   890.5  
Investments in and loan to subsidiaries 36.2   35.6  
Other assets 20.7   20.8  
Total assets 3,460.8   3,431.3  
CURRENT LIABILITIES:        
Current portion of long-term debt and capital lease obligations 2.1   2.0  
Current portion of acquisition consideration payable 1.4   1.4  
Accounts payable 80.3   96.5  
Income taxes payable 11.6   8.3  
Accrued expenses and other current liabilities 59.9   67.3  
Total current liabilities 155.3   175.5  
NONCURRENT LIABILITIES:        
Long-term debt 0.1   0.1  
Obligations under capital leases 22.8   23.3  
Deferred taxes 166.3   160.0  
Other 24.0   25.7  
Total liabilities 368.5   384.6  
EQUITY:        
Common stock and additional paid-in capital 2,352.4   2,352.4  
Retained earnings 739.0   704.3  
Accumulated other comprehensive (loss) income 0.7   (10.2)  
Total Jones stockholders' equity 3,092.1   3,046.5  
Noncontrolling interest 0.2   0.2  
Total equity 3,092.3   3,046.7  
Total liabilities and equity 3,460.8   3,431.3  
Condensed Consolidating Statements of Operations [Abstract]        
Net sales 359.6 336.2    
Licensing income 12.3 12.1    
Total revenues 371.9 348.3    
Cost of goods sold 218.9 223.9    
Gross profit 153.0 124.4    
Selling, general and administrative expenses 98.8 52.1    
Operating (loss) income 54.2 72.3    
Net interest expense (income) and financing costs (0.5) (1.5)    
Equity in income of unconsolidated affiliate 0.9 1.3    
(Loss) income before (benefit) provision for income taxes and equity in earnings of subsidiaries 55.6 75.1    
(Benefit) provision for income taxes 15.7 21.4    
Net (loss) income 39.9 53.7    
Less: income attributable to noncontrolling interest 0.2 0.2    
(Loss) income attributable to Jones 39.7 53.5    
Other comprehensive income:        
Change in fair value of cash flow hegdes, net of tax (0.1) (0.4)    
Reclassification adjustment for hedge gains and losses included in net income, net of tax 0 0.1    
Foreign currency translation adjustments 9.4 3.3    
Total other comprehensive income 9.3 3.0    
Comprehensive income 49.2 56.7    
Condensed Consolidating Statements Of Cash Flows [Abstract]        
Net cash (used in) provided by operating activities 10.9 18.8    
Cash flows from investing activities:        
Capital expenditures (14.3) (14.7)    
Other (0.2) 0    
Net cash used in investing activities (14.5) (14.7)    
Cash flows from financing activities:        
Dividends paid (2.8) (10.6)    
Payments of acquisition consideration payable (2.0) (4.2)    
Other items, net (0.6) (0.5)    
Net cash (used in) provided by financing activities (5.4) (15.3)    
Effect of exchange rates on cash (0.1) (0.7)    
Net (decrease) increase in cash and cash equivalents (9.1) (11.9)    
Cash and cash equivalents, beginning 43.0 37.8    
Cash and cash equivalents, ending $ 33.9 $ 25.9