Supplemental Financial Information (Tables)

12 Months Ended

Dec. 31, 2012

Supplemental Financial Information [Abstract]

Consolidating Statements Of Operations

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2012 (in thousands)

		Gibraltar						Non-
		Industries,			Guarantor			Guarantor
		Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	712,279		$	98,304		$	(20,525	)	$	790,058
Cost of sales		–			574,647			85,407			(19,556	)		640,498
Gross profit		–			137,632			12,897			(969	)		149,560
Selling, general, and administrative expense		23			96,499			8,149			–			104,671
Intangible asset impairment		–			4,628			–			–			4,628
(Loss) income from operations		(23	)		36,505			4,748			(969	)		40,261
Interest expense (income)		17,422			1,285			(125	)		–			18,582
Other income		–			(480	)		(8	)		–			(488	)
(Loss) income before taxes		(17,445	)		35,700			4,881			(969	)		22,167
(Benefit of) provision for income taxes		(6,524	)		15,120			921			–			9,517
(Loss) income from continuing operations		(10,921	)		20,580			3,960			(969	)		12,650
Discontinued operations:
Loss before taxes		–			(289	)		–			–			(289	)
Benefit of income taxes		–			(284	)		–			–			(284	)
Loss from discontinued operations		–			(5	)		–			–			(5	)
Equity in earnings from subsidiaries		24,535			3,960			–			(28,495	)		–
Net income	$	13,614		$	24,535		$	3,960		$	(29,464	)	$	12,645

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2011 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	683,614		$	104,077		$	(21,084	)	$	766,607
Cost of sales		–			551,641			89,676			(19,825	)		621,492
Gross profit		–			131,973			14,401			(1,259	)		145,115
Selling, general, and administrative expense		75			99,090			9,792			–			108,957
(Loss) income from operations		(75	)		32,883			4,609			(1,259	)		36,158
Interest expense (income)		16,874			2,569			(80	)		–			19,363
Other income		–			(90	)		–			–			(90	)
(Loss) income before taxes		(16,949	)		30,404			4,689			(1,259	)		16,885
(Benefit of) provision for income taxes		(6,339	)		13,180			828			–			7,669
(Loss) income from continuing operations		(10,610	)		17,224			3,861			(1,259	)		9,216
Discontinued operations:
Income before taxes		–			13,621			219			–			13,840
Provision for income taxes		–			6,432			101			–			6,533
Income from discontinued operations		–			7,189			118			–			7,307
Equity in earnings from subsidiaries		28,392			3,979			–			(32,371	)		–
Net income	$	17,782		$	28,392		$	3,979		$	(33,630	)	$	16,523

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

YEAR ENDED DECEMBER 31, 2010 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	564,312		$	91,721		$	(18,579	)	$	637,454
Cost of sales		–			471,280			80,712			(18,406	)		533,586
Gross profit		–			93,032			11,009			(173	)		103,868
Selling, general, and administrative expense		331			90,433			8,782			–			99,546
Intangible asset impairment		–			76,964			–			–			76,964
(Loss) income from operations		(331	)		(74,365	)		2,227			(173	)		(72,642	)
Interest expense (income)		16,111			3,615			(12	)		–			19,714
Other income		–			(50	)		(27	)		–			(77	)
(Loss) income before taxes		(16,442	)		(77,930	)		2,266			(173	)		(92,279	)
(Benefit of) provision for income taxes		(6,592	)		(10,642	)		311			–			(16,923	)
(Loss) income from continuing operations		(9,850	)		(67,288	)		1,955			(173	)		(75,356	)
Discontinued operations:
(Loss) income before taxes		–			(27,912	)		787			–			(27,125	)
(Benefit of) provision for income taxes		–			(11,646	)		233			–			(11,413	)
(Loss) income from discontinued operations		–			(16,266	)		554			–			(15,712	)
Equity in earnings from subsidiaries		(81,045	)		2,509			–			78,536			–
Net (loss) income	$	(90,895	)	$	(81,045	)	$	2,509		$	78,363		$	(91,068	)

Consolidated Statements of Comprehensive Income

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEAR ENDED DECEMBER 31, 2012 (in thousands)

		Gibraltar		Guarantor			Non-Guarantor
		Industries, Inc.		Subsidiaries			Subsidiaries		Eliminations			Total
Net income	$	13,614	$	24,535		$	3,960	$	(29,464	)	$	12,645
Other comprehensive (loss) income:
Foreign currency translation adjustment		–		–			2,353		–			2,353
Adjustment to retirement benefit liability,
net of tax		–		(79	)		–		–			(79	)
Adjustment to post-retirement healthcare
benefit liability, net of tax		–		(499	)		–		–			(499	)
Other comprehensive (loss) income		–		(578	)		2,353		–			1,775
Total comprehensive income	$	13,614	$	23,957		$	6,313	$	(29,464	)	$	14,420

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEAR ENDED DECEMBER 31, 2011 (in thousands)

		Gibraltar		Guarantor			Non-Guarantor
		Industries, Inc.		Subsidiaries			Subsidiaries			Eliminations			Total
Net income	$	17,782	$	28,392		$	3,979		$	(33,630	)	$	16,523
Other comprehensive (loss) income:
Foreign currency translation adjustment		–		–			(1,232	)		–			(1,232	)
Adjustment to retirement benefit liability,
net of tax		–		(187	)		–			–			(187	)
Adjustment to post-retirement healthcare
benefit liability, net of tax		–		129			–			–			129
Other comprehensive loss		–		(58	)		(1,232	)		–			(1,290	)
Total comprehensive income	$	17,782	$	28,334		$	2,747		$	(33,630	)	$	15,233

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME YEAR ENDED DECEMBER 31, 2010 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations		Total
Net (loss) income	$	(90,895	)	$	(81,045	)	$	2,509		$	78,363	$	(91,068	)
Other comprehensive (loss) income:
Foreign currency translation adjustment		–			–			(591	)		–		(591	)
Adjustment to retirement benefit liability,
net of tax		–			277			–			–		277
Adjustment to post-retirement healthcare
benefit liability, net of tax		–			(722	)		–			–		(722	)
Reclassification of unrealized loss on interest
rate swap, net of tax		–			1,206			–			–		1,206
Other comprehensive income (loss)		–			761			(591	)		–		170
Total comprehensive (loss) income	$	(90,895	)	$	(80,284	)	$	1,918		$	78,363	$	(90,898	)

Consalidating Balance Sheets

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2012 (in thousands)

		Gibraltar			Guarantor		Non-Guarantor
		Industries, Inc.			Subsidiaries		Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–		$	26,163	$	21,865		$	–		$	48,028
Accounts receivable, net		–			78,565		10,908			–			89,473
Intercompany balances		(16,349	)		37,397		(21,048	)		–			–
Inventories		–			107,137		9,220			–			116,357
Other current assets		6,524			5,815		1,041			–			13,380
Total current assets		(9,825	)		255,077		21,986			–			267,238
Property, plant, and equipment, net		–			140,394		11,219			–			151,613
Goodwill		–			331,404		28,459			–			359,863
Acquired intangibles		–			90,311		8,448			–			98,759
Other assets		2,259			3,941		1			–			6,201
Investment in subsidiaries		688,450			56,716		–			(745,166	)		–
	$	680,884		$	877,843	$	70,113		$	(745,166	)	$	883,674
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–		$	61,841	$	7,219		$	–		$	69,060
Accrued expenses		1,360			43,843		2,229			–			47,432
Current maturities of long-term debt		–			1,093		–			–			1,093
Total current liabilities		1,360			106,777		9,448			–			117,585
Long-term debt		202,702			4,008		–			–			206,710
Deferred income taxes		–			53,639		3,429			–			57,068
Other non-current liabilities		–			24,969		520			–			25,489
Shareholders' equity		476,822			688,450		56,716			(745,166	)		476,822
	$	680,884		$	877,843	$	70,113		$	(745,166	)	$	883,674

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

DECEMBER 31, 2011 (in thousands)

		Gibraltar		Guarantor		Non-Guarantor
		Industries, Inc.		Subsidiaries		Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	34,691	$	19,426		$	–		$	54,117
Accounts receivable, net		–		77,395		13,200			–			90,595
Intercompany balances		16,762		4,811		(21,573	)		–			–
Inventories		–		101,637		7,633			–			109,270
Other current assets		6,339		7,676		857			–			14,872
Total current assets		23,101		226,210		19,543			–			268,854
Property, plant, and equipment, net		–		140,343		11,631			–			151,974
Goodwill		–		320,771		27,555			–			348,326
Acquired intangibles		–		86,160		9,105			–			95,265
Other assets		2,890		4,745		1			–			7,636
Investment in subsidiaries		637,628		52,173		–			(689,801	)		–
	$	663,619	$	830,402	$	67,835		$	(689,801	)	$	872,055
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	59,600	$	7,720			$ –		$	67,320
Accrued expenses		1,360		55,670		3,657			–			60,687
Current maturities of long-term debt		–		417		–			–			417
Total current liabilities		1,360		115,687		11,377			–			128,424
Long-term debt		202,323		4,423		–			–			206,746
Deferred income taxes		–		52,065		3,736			–			55,801
Other non-current liabilities		–		20,599		549			–			21,148
Shareholders' equity		459,936		637,628		52,173			(689,801	)		459,936
	$	663,619	$	830,402	$	67,835		$	(689,801	)	$	872,055

Condensed Consolidating Statements Of Cash Flows

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2012 (in thousands)

		Gibraltar						Non-
		Industries,			Guarantor			Guarantor
		Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Net cash (used in) provided by operating activities of continuing operations	$	(16,435	)	$	58,628		$	8,039	$	–	$	50,232
Net cash (used in) operating activities of discontinued operations		–			(151	)		–		–		(151	)
Net cash (used in) provided by operating activities		(16,435	)		58,477			8,039		–		50,081
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			(42,366	)		(2,705	)	–		(45,071	)
Purchases of property, plant, and equipment		–			(9,868	)		(1,483	)	–		(11,351	)
Net proceeds from sale of property and equipment		–			311			348		–		659
Net cash used in investing activities		–			(51,923	)		(3,840	)	–		(55,763	)
Cash Flows from Financing Activities
Long-term debt payments		–			(473	)		–		–		(473	)
Payment of deferred financing fees		–			(18	)		–		–		(18	)
Purchase of treasury stock at market prices		(970	)		–			–		–		(970	)
Intercompany financing		17,116			(14,590	)		(2,526	)	–		–
Tax benefit from equity compensation		11			(1	)		–		–		10
Net proceeds from issuance of common stock		278			–			–		–		278
Net cash provided by (used in) financing activities		16,435			(15,082	)		(2,526	)	–		(1,173	)
Effect of exchange rate changes on cash		–			–			766		–		766
Net (decrease) increase in cash and cash equivalents		–			(8,528	)		2,439		–		(6,089	)
Cash and cash equivalents at beginning of year		–			34,691			19,426		–		54,117
Cash and cash equivalents at end of period	$	–		$	26,163		$	21,865	$	–	$	48,028

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2011 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations		Total
Net cash (used in) provided by operating activities of continuing operations	$	(15,876	)	$	56,841		$	8,863		$	–	$	49,828
Net cash (used in) provided by operating activities of discontinued operations		–			(3,181	)		48			–		(3,133	)
Net cash (used in) provided by operating activities		(15,876	)		53,660			8,911			–		46,695
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			(109,248	)		–			–		(109,248	)
Purchases of property, plant, and equipment		–			(11,033	)		(519	)		–		(11,552	)
Purchase of equity method investment		–			(250	)		–			–		(250	)
Net proceeds from sale of property and equipment		–			1,085			141			–		1,226
Net proceeds from sale of business		–			67,529			–			–		67,529
Net cash used in investing activities of continuing operations		–			(51,917	)		(378	)		–		(52,295	)
Net cash provided by investing activities of discontinued operations		–			2,089			–			–		2,089
Net cash used in investing activities		–			(49,828	)		(378	)		–		(50,206	)
Cash Flows from Financing Activities
Long-term debt payments		–			(74,262	)		–			–		(74,262	)
Proceeds from long-term debt		–			73,849			–			–		73,849
Payment of deferred financing fees		–			(1,570	)		–			–		(1,570	)
Purchase of treasury stock at market prices		(826	)		–			–			–		(826	)
Intercompany financing		16,668			(13,507	)		(3,161	)		–		–
Net proceeds from issuance of common stock		34			–			–			–		34
Net cash provided by (used in) financing activities		15,876			(15,490	)		(3,161	)		–		(2,775	)
Effect of exchange rate changes on cash		–			–			(463	)		–		(463	)
Net (decrease) increase in cash and cash equivalents		–			(11,658	)		4,909			–		(6,749	)
Cash and cash equivalents at beginning of year		–			46,349			14,517			–		60,866
Cash and cash equivalents at end of period		$ –		$	34,691		$	19,426		$	–	$	54,117

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS DECEMBER 31, 2010 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations		Total
Net cash (used in) provided by operating activities of continuing operations	$	(15,397	)	$	57,167		$	5,421		$	–	$	47,191
Net cash provided by operating activities of discontinued operations		–			21,466			712			–		22,178
Net cash (used in) provided by operating activities		(15,397	)		78,633			6,133			–		69,369
Cash Flows from Investing Activities
Net proceeds from sale of business		–			29,164			–			–		29,164
Net proceeds from sale of property and equipment		–			217			4			–		221
Purchase of equity method investment		–			(1,250	)		–			–		(1,250	)
Purchases of property, plant, and equipment		–			(7,694	)		(668	)		–		(8,362	)
Net cash provided by (used in) investing activities of continuing operations		–			20,437			(664	)		–		19,773
Net cash used in investing activities of discontinued operations		–			(384	)		–			–		(384	)
Net cash provided by (used in) investing activities		–			20,053			(664	)		–		19,389
Cash Flows from Financing Activities
Long-term debt payments		–			(58,967	)		–			–		(58,967	)
Proceeds from long-term debt		–			8,559			–			–		8,559
Purchase of treasury stock at market prices		(1,114	)		–			–			–		(1,114	)
Payment of deferred financing fees		–			(164	)		–			–		(164	)
Intercompany financing		16,187			(11,870	)		(4,317	)		–		–
Excess tax benefit from stock compensation		54			–			–			–		54
Net proceeds from issuance of common stock		270			–			–			–		270
Net cash provided by (used in) financing activities		15,397			(62,442	)		(4,317	)		–		(51,362	)
Effect of exchange rate changes on cash		–			–			(126	)		–		(126	)
Net increase in cash and cash equivalents		–			36,244			1,026			–		37,270
Cash and cash equivalents at beginning of year		–			10,105			13,491			–		23,596
Cash and cash equivalents at end of period	$	–		$	46,349		$	14,517		$	–	$	60,866

Quarterly Financial Data

     GIBRALTAR INDUSTRIES, INC. QUARTERLY UNAUDITED FINANCIAL DATA

(in thousands, except per share data)

	2012 Quarters Ended
	March 31			June 30			Sept. 30		Dec. 31			Total
Net sales	$	192,171		$	219,734		$	205,514	$	172,639		$	790,058
Gross profit	$	35,481		$	41,726		$	40,228	$	32,125		$	149,560
Income from operations	$	7,023		$	16,293		$	15,749	$	1,196		$	40,261
Interest expense	$	4,674		$	4,627		$	4,688	$	4,593		$	18,582
Income from continuing
operations	$	1,449		$	7,915		$	7,022	$	(3,736	)	$	12,650
(Loss) income from discontinued
operations	$	(87	)	$	(9	)	$	279	$	(188	)	$	(5	)
Net income	$	1,362		$	7,906		$	7,301	$	(3,924	)	$	12,645
Income (loss) per share from
continuing operations:
Basic	$	0.05		$	0.26		$	0.23	$	(0.12	)	$	0.41
Diluted	$	0.05		$	0.26		$	0.23	$	(0.12	)	$	0.41
(Loss) income per share from
discontinued operations:
Basic	$	(0.01	)	$	0.00		$	0.01	$	(0.01	)	$	0.00
Diluted	$	(0.01	)	$	0.00		$	0.01	$	(0.01	)	$	0.00

	2011 Quarters Ended
	March 31		June 30		Sept. 30			Dec. 31			Total
Net sales	$	163,563	$	208,807	$	220,096		$	174,141		$	766,607
Gross profit	$	30,045	$	45,428	$	42,963		$	26,679		$	145,115
Income (loss) from operations	$	7,222	$	17,390	$	18,361		$	(6,815	)	$	36,158
Interest expense	$	4,454	$	4,998	$	4,869		$	5,042		$	19,363
Income (loss) from continuing
operations	$	1,441	$	7,246	$	7,383		$	(6,854	)	$	9,216
Income (loss) from discontinued
operations	$	6,968	$	559	$	(469	)	$	249		$	7,307
Net Income (loss)	$	8,409	$	7,805	$	6,914		$	(6,605	)	$	16,523
Income (loss) per share from
continuing operations:
Basic	$	0.05	$	0.24	$	0.24		$	(0.22	)	$	0.30
Diluted	$	0.05	$	0.24	$	0.24		$	(0.22	)	$	0.30
Income (loss) per share from
discontinued operations:
Basic	$	0.23	$	0.02	$	(0.01	)	$	0.00		$	0.24
Diluted	$	0.22	$	0.01	$	(0.01	)	$	0.00		$	0.24