Supplemental Financial Information (Tables)

3 Months Ended

Mar. 31, 2013

Supplemental Financial Information [Abstract]

Schedule Of Consolidating Statements Of Operations

  GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	178,049		$	23,217		$	(4,465	)	$	196,801
Cost of sales		–			144,395			20,484			(4,255	)		160,624
Gross profit		–			33,654			2,733			(210	)		36,177
Selling, general, and administrative expense		158			28,881			1,942			–			30,981
(Loss) income from operations		(158	)		4,773			791			(210	)		5,196
Interest expense (income)		10,883			308			(31	)		–			11,160
Other income		–			(66	)		–			–			(66	)
(Loss) income before taxes		(11,041	)		4,531			822			(210	)		(5,898	)
(Benefit of) provision for income taxes		(4,197	)		1,758			184			–			(2,255	)
(Loss) income from continuing operations		(6,844	)		2,773			638			(210	)		(3,643	)
Discontinued operations:
Loss from discontinued operations before taxes		–			(7	)		–			–			(7	)
Benefit of income taxes		–			(3	)		–			–			(3	)
Loss from discontinued operations		–			(4	)		–			–			(4	)
Equity in earnings from subsidiaries		3,407			638			–			(4,045	)		–
Net (loss) income	$	(3,437	)	$	3,407		$	638		$	(4,255	)	$	(3,647	)

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2012 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	169,900		$	27,614		$	(5,343	)	$	192,171
Cost of sales		–			137,798			23,877			(4,985	)		156,690
Gross profit		–			32,102			3,737			(358	)		35,481
Selling, general, and administrative expense		(30	)		26,220			2,268			–			28,458
Income from operations		30			5,882			1,469			(358	)		7,023
Interest expense (income)		4,235			472			(33	)		–			4,674
Other income		–			(30	)		(1	)		–			(31	)
(Loss) income before taxes		(4,205	)		5,440			1,503			(358	)		2,380
(Benefit of) provision for income taxes		(1,575	)		2,098			408			–			931
(Loss) income from continuing operations		(2,630	)		3,342			1,095			(358	)		1,449
Discontinued operations:
Loss from discontinued operations before taxes		–			(137	)		–			–			(137	)
Benefit of income taxes		–			(50	)		–			–			(50	)
Loss from discontinued operations		–			(87	)		–			–			(87	)
Equity in earnings from subsidiaries		4,350			1,095			–			(5,445	)		–
Net income	$	1,720		$	4,350		$	1,095		$	(5,803	)	$	1,362

Schedule Of Consolidating Statements Of Comprehensive Income

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

		Gibraltar			Guarantor		Non-Guarantor
		Industries, Inc.			Subsidiaries		Subsidiaries			Eliminations			Total
Net (loss) income	$	(3,437	)	$	3,407	$	638		$	(4,255	)	$	(3,647	)
Other comprehensive (loss) income:
Foreign currency translation adjustment		–			–		(3,097	)		–			(3,097	)
Adjustment to retirement benefit liability, net of tax		–			2		–			–			2
Adjustment to post-retirement health care liability, net of tax		–			38		–			–			38
Other comprehensive income (loss)		–			40		(3,097	)		–			(3,057	)
Total comprehensive (loss) income	$	(3,437	)	$	3,447	$	(2,459	)	$	(4,255	)	$	(6,704	)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2012 (in thousands)

		Gibraltar		Guarantor		Non-Guarantor
		Industries, Inc.		Subsidiaries		Subsidiaries		Eliminations			Total
Net income	$	1,720	$	4,350	$	1,095	$	(5,803	)	$	1,362
Other comprehensive income:
Foreign currency translation adjustment		–		–		1,935		–			1,935
Adjustment to retirement benefit liability, net of tax		–		2		–		–			2
Adjustment to post-retirement health care liability, net of tax		–		16		–		–			16
Other comprehensive income		–		18		1,935		–			1,953
Total comprehensive income	$	1,720	$	4,368	$	3,030	$	(5,803	)	$	3,315

Schedule Of Consolidating Balance Sheets

GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

MARCH 31, 2013 (in thousands)

		Gibraltar		Guarantor			Non-Guarantor
		Industries, Inc.		Subsidiaries			Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	9,375		$	20,913		$	–		$	30,288
Accounts receivable, net		–		98,306			13,226			–			111,532
Intercompany balances		23,964		(3,816	)		(20,148	)		–			–
Inventories		–		116,494			8,945			–			125,439
Other current assets		4,260		8,296			1,069			–			13,625
Total current assets		28,224		228,655			24,005			–			280,884
Property, plant, and equipment, net		–		137,047			10,581			–			147,628
Goodwill		–		331,634			27,300			–			358,934
Acquired intangibles		–		88,895			7,814			–			96,709
Other assets		3,630		3,739			7			–			7,376
Investment in subsidiaries		650,917		55,104			–			(706,021	)		–
	$	682,771	$	845,074		$	69,707		$	(706,021	)	$	891,531
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	73,526		$	8,408		$	–		$	81,934
Accrued expenses		1,906		32,301			2,354			–			36,561
Current maturities of long-term debt		–		417			–			–			417
Total current liabilities		1,906		106,244			10,762			–			118,912
Long-term debt		210,000		4,006			–			–			214,006
Deferred income taxes		–		53,665			3,295			–			56,960
Other non-current liabilities		–		30,242			546			–			30,788
Shareholders' equity		470,865		650,917			55,104			(706,021	)		470,865
	$	682,771	$	845,074		$	69,707		$	(706,021	)	$	891,531

     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

Schedule Of Condensed Consolidating Statements Of Cash Flows

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2013 (in thousands)

		Gibraltar						Non-
		Industries,			Guarantor			Guarantor
		Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Cash Flows from Operating Activities
Net cash provided by (used in) operating activities of continuing operations	$	(2,878	)	$	(10,125	)	$	316		$ –	$	(12,687	)
Net cash used in operating activities of discontinued operations		–			(7	)		–		–		(7	)
Net cash provided by (used in) operating activities		(2,878	)		(10,132	)		316		–		(12,694	)
Cash Flows from Investing Activities
Purchases of property, plant, and equipment		–			(1,641	)		(338	)	–		(1,979	)
Net proceeds from sale of property and equipment		–			127			–		–		127
Net cash used in investing activities		–			(1,514	)		(338	)	–		(1,852	)
Cash Flows from Financing Activities
Long-term debt payments		(204,000	)		(678	)		–		–		(204,678	)
Proceeds from long-term debt		210,000			–			–		–		210,000
Payment of bond redemption fees		(3,702	)		–			–		–		(3,702	)
Purchase of treasury stock at market prices		(636	)		–			–		–		(636	)
Payment of deferred financing costs		(3,705	)		(6	)		–		–		(3,711	)
Net proceeds from issuance of common stock		327			–			–		–		327
Intercompany financing		4,511			(4,458	)		(53	)	–		–
Excess tax benefit from stock compensation		83			–			–		–		83
Net cash (used in) provided by financing activities		2,878			(5,142	)		(53	)	–		(2,317	)
Effect of exchange rate changes on cash		–			–			(877	)	–		(877	)
Net decrease in cash and cash equivalents		–			(16,788	)		(952	)	–		(17,740	)
Cash and cash equivalents at beginning of year		–			26,163			21,865		–		48,028
Cash and cash equivalents at end of period		$ –		$	9,375		$	20,913		$ –	$	30,288

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2012 (in thousands)

								Non-
		Gibraltar			Guarantor			Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Cash Flows from Operating Activities
Net cash provided by (used in) operating activities of continuing operations	$	148		$	(13,582	)	$	385		$ –	$	(13,049	)
Net cash used in operating activities of discontinued operations		–			(31	)		–		–		(31	)
Net cash provided by (used in) operating activities		148			(13,613	)		385		–		(13,080	)
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			–			(2,705	)	–		(2,705	)
Purchases of property, plant, and equipment		–			(2,315	)		(428	)	–		(2,743	)
Net proceeds from sale of property and equipment		–			8			–		–		8
Net cash used in investing activities		–			(2,307	)		(3,133	)	–		(5,440	)
Cash Flows from Financing Activities
Long-term debt payments		–			(2	)		–				(2	)
Purchase of treasury stock at market prices		(888	)		–			–		–		(888	)
Intercompany financing		642			(278	)		(364	)	–		–
Excess tax benefit from stock compensation		98			–			–		–		98
Net cash used in financing activities		(148	)		(280	)		(364	)	–		(792	)
Effect of exchange rate changes on cash		–			–			522		–		522
Net decrease in cash and cash equivalents		–			(16,200	)		(2,590	)	–		(18,790	)
Cash and cash equivalents at beginning of year		–			34,691			19,426		–		54,117
Cash and cash equivalents at end of period		$ –		$	18,491		$	16,836		$ –	$	35,327