Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2018

Condensed Financial Information Disclosure [Abstract]

Schedule Of Consolidating Statements Of Operations

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF INCOME

THREE MONTHS ENDED SEPTEMBER 30,2018

(in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	268,302		$	19,211		$	(7,427	)	$	280,086
Cost of sales	—			200,725			16,338			(7,256		)	209,807
Gross profit	—			67,577			2,873			(171		)	70,279
Selling, general, and administrative expense	35			39,466			1,374			—			40,875
(Loss) income from operations	(35		)	28,111			1,499			(171		)	29,404
Interest expense (income)	3,403			(427		)	(70		)	—			2,906
Other expense	—			95			427			—			522
(Loss) income before taxes	(3,438		)	28,443			1,142			(171		)	25,976
(Benefit of) provision for income taxes	(963		)	7,182			254			—			6,473
Equity in earnings from subsidiaries	22,149			888			—			(23,037		)	—
Net income	$	19,674		$	22,149		$	888		$	(23,208	)	$	19,503

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF INCOME

THREE MONTHS ENDED SEPTEMBER 30,2017

(in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Net sales	$	—		$	264,448	$	15,514		$	(5,388	)	$	274,574
Cost of sales	—			198,103		12,844			(5,108		)	205,839
Gross profit	—			66,345		2,670			(280		)	68,735
Selling, general, and administrative expense	34			31,003		2,005			—			33,042
(Loss) income from operations	(34		)	35,342		665			(280		)	35,693
Interest expense (income)	3,402			105		(21		)	—			3,486
Other expense	—			100		304			—			404
(Loss) income before taxes	(3,436		)	35,137		382			(280		)	31,803
(Benefit of) provision for income taxes	(1,124		)	12,219		89			—			11,184
Equity in earnings from subsidiaries	23,211			293		—			(23,504		)	—
Net income	$	20,899		$	23,211	$	293		$	(23,784	)	$	20,619

Schedule Of Consolidating Statements Of Comprehensive Income

IBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED SEPTEMBER 30,2018

(in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	19,674	$	22,149		$	888	$	(23,208	)	$	19,503
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			139		—			139
Adjustment to retirement benefit liability, net of tax	—		(5		)	—		—			(5		)
Adjustment to post employment health care benefit liability, net of tax	—		32			—		—			32
Other comprehensive income	—		27			139		—			166
Total comprehensive income	$	19,674	$	22,176		$	1,027	$	(23,208	)	$	19,669

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

THREE MONTHS ENDED SEPTEMBER 30,2017

(in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Net income	$	20,899	$	23,211		$	293	$	(23,784	)	$	20,619
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			1,581		—			1,581
Adjustment to retirement benefit liability, net of tax	—		(2		)	—		—			(2		)
Adjustment to post employment health care benefit liability, net of tax	—		29			—		—			29
Other comprehensive income	—		27			1,581		—			1,608
Total comprehensive income	$	20,899	$	23,238		$	1,874	$	(23,784	)	$	22,227

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30,2018

(in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income	$	51,205	$	58,637		$	3,312		$	(62,462	)	$	50,692
Other comprehensive (loss) income:
Foreign currency translation adjustment	—		—			(1,538		)	—			(1,538		)
Cumulative effect of change in accounting (see Note 2)	—		(350		)	—			—			(350		)
Adjustment to retirement benefit liability, net of tax	—		(15		)	—			—			(15		)
Adjustment to post employment health care benefit liability, net of tax	—		95			—			—			95
Other comprehensive loss	—		(270		)	(1,538		)	—			(1,808		)
Total comprehensive income	$	51,205	$	58,367		$	1,774		$	(62,462	)	$	48,884

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME

NINE MONTHS ENDED SEPTEMBER 30,2017

(in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net income (loss)	$	37,846	$	44,356		$	(1,747	)	$	(43,071	)	$	37,384
Other comprehensive income (loss):
Foreign currency translation adjustment	—		—			3,351			—			3,351
Adjustment to retirement benefit liability, net of tax	—		(8		)	—			—			(8		)
Adjustment to post employment health care benefit liability, net of tax	—		88			—			—			88
Other comprehensive income	—		80			3,351			—			3,431
Total comprehensive income	$	37,846	$	44,436		$	1,604		$	(43,071	)	$	40,815

Schedule Of Consolidating Balance Sheets

STRIES, INC.

CONSOLIDATING BALANCE SHEETS

SEPTEMBER 30,2018

(in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—		$	213,967	$	31,446		$	—		$	245,413
Accounts receivable, net	—			172,952		7,923			—			180,875
Intercompany balances	(12,013		)	15,885		(3,872		)	—			—
Inventories	—			92,823		4,663			—			97,486
Other current assets	2,902			2,115		3,932			—			8,949
Total current assets	(9,111		)	497,742		44,092			—			532,723
Property, plant, and equipment, net	—			90,883		2,835			—			93,718
Goodwill	—			301,070		22,251			—			323,321
Acquired intangibles	—			91,752		7,793			—			99,545
Other assets	—			4,178		302			—			4,480
Investment in subsidiaries	803,058			63,166		—			(866,224		)	—
	$	793,947		$	1,048,791	$	77,273		$	(866,224	)	$	1,053,787
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—		$	87,351	$	5,646		$	—		$	92,997
Accrued expenses	2,188			70,826		3,254			—			76,268
Billings in excess of cost	—			19,304		2,596						21,900
Current maturities of long-term debt	—			400		—			—			400
Total current liabilities	2,188			177,881		11,496			—			191,565
Long-term debt	208,884			925		—			—			209,809
Deferred income taxes	—			29,499		2,611			—			32,110
Other non-current liabilities	—			37,428		—			—			37,428
Shareholders’ equity	582,875			803,058		63,166			(866,224		)	582,875
	$	793,947		$	1,048,791	$	77,273		$	(866,224	)	$	1,053,787

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2017

(in thousands)

	Gibraltar Industries, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	192,604		$	29,676		$	—		$	222,280
Accounts receivable, net	—		138,903			6,482			—			145,385
Intercompany balances	324		4,166			(4,490		)	—			—
Inventories	—		82,457			3,915			—			86,372
Other current assets	5,415		(368		)	3,680			—			8,727
Total current assets	5,739		417,762			39,263			—			462,764
Property, plant, and equipment, net	—		93,906			3,192			—			97,098
Goodwill	—		298,258			22,816			—			321,074
Acquired intangibles	—		97,171			8,597			—			105,768
Other assets	—		4,681			—			—			4,681
Investment in subsidiaries	739,970		61,746			—			(801,716		)	—
	$	745,709	$	973,524		$	73,868		$	(801,716	)	$	991,385
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	—	$	77,786		$	4,601		$	—		$	82,387
Accrued expenses	5,469		67,746			2,252			—			75,467
Billings in excess of cost	—		9,840			2,939			—			12,779
Current maturities of long-term debt	—		400			—			—			400
Total current liabilities	5,469		155,772			9,792			—			171,033
Long-term debt	208,521		1,100			—			—			209,621
Deferred income taxes	—		28,907			2,330			—			31,237
Other non-current liabilities	—		47,775			—			—			47,775
Shareholders’ equity	531,719		739,970			61,746			(801,716		)	531,719
	$	745,709	$	973,524		$	73,868		$	(801,716	)	$	991,385

Schedule Of Condensed Consolidating Statements Of Cash Flows

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

NINE MONTHS ENDEDSEPTEMBER 30,2018

(in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities	$	(13,240	)	$	47,971		$	3,479		$	—	$	38,210
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(5,241		)	—			—		(5,241		)
Net proceeds from sale of property and equipment	—			3,044			103			—		3,147
Purchases of property, plant, and equipment	—			(6,537		)	(230		)	—		(6,767		)
Net cash used in investing activities	—			(8,734		)	(127		)	—		(8,861		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(6,549		)	—			—			—		(6,549		)
Net proceeds from issuance of common stock	1,343			—			—			—		1,343
Intercompany financing	18,446			(17,474		)	(972		)	—		—
Net cash provided by (used in) financing activities	13,240			(17,874		)	(972		)	—		(5,606		)
Effect of exchange rate changes on cash	—			—			(610		)	—		(610		)
Net increase in cash and cash equivalents	—			21,363			1,770			—		23,133
Cash and cash equivalents at beginning of year	—			192,604			29,676			—		222,280
Cash and cash equivalents at end of period	$	—		$	213,967		$	31,446		$	—	$	245,413

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

NINE MONTHS ENDEDSEPTEMBER 30,2017

(in thousands)

	Gibraltar Industries, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities	$	(15,136	)	$	64,702		$	(735	)	$	—	$	48,831
Cash Flows from Investing Activities
Cash paid for acquisitions	—			(18,494		)	—			—		(18,494		)
Net proceeds from sale of property and equipment	—			12,935			—			—		12,935
Purchases of property, plant, and equipment	—			(4,929		)	(223		)	—		(5,152		)
Net cash used in investing activities	—			(10,488		)	(223		)	—		(10,711		)
Cash Flows from Financing Activities
Long-term debt payments	—			(400		)	—			—		(400		)
Purchase of treasury stock at market prices	(1,982		)	—			—			—		(1,982		)
Net proceeds from issuance of common stock	649			—			—			—		649
Intercompany financing	16,469			(14,813		)	(1,656		)	—		—
Net cash provided by (used in) financing activities	15,136			(15,213		)	(1,656		)	—		(1,733		)
Effect of exchange rate changes on cash	—			—			1,468			—		1,468
Net increase (decrease) in cash and cash equivalents	—			39,001			(1,146		)	—		37,855
Cash and cash equivalents at beginning of year	—			143,826			26,351			—		170,177
Cash and cash equivalents at end of period	$	—		$	182,827		$	25,205		$	—	$	208,032