Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Supplemental Financial Information [Abstract]

Schedule Of Consolidating Statements Of Operations

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2013 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	200,349		$	23,060		$	(5,997	)	$	217,412
Cost of sales		–			160,676			20,715			(5,741	)		175,650
Gross profit		–			39,673			2,345			(256	)		41,762
Selling, general, and administrative expense		4			22,933			1,817			–			24,754
Intangible asset impairment		–			1,000			22,160			–			23,160
(Loss) income from operations		(4	)		15,740			(21,632	)		(256	)		(6,152	)
Interest expense (income)		3,486			372			(30	)		–			3,828
Other income		–			(66	)		–			–			(66	)
(Loss) income before taxes		(3,490	)		15,434			(21,602	)		(256	)		(9,914	)
(Benefit of) provision for income taxes		(1,248	)		4,781			280			–			3,813
(Loss) income from continuing operations		(2,242	)		10,653			(21,882	)		(256	)		(13,727	)
Discontinued operations:
Income from discontinued operations before taxes		–			–			–			–			–
Benefit of income taxes		–			–			–			–			–
Income from discontinued operations		–			–			–			–			–
Equity in earnings from subsidiaries		(11,229	)		(21,882	)		–			33,111			–
Net loss	$	(13,471	)		(11,229	)	$	(21,882	)	$	32,855		$	(13,727	)

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

THREE MONTHS ENDED SEPTEMBER 30, 2012 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	186,729		$	24,253		$	(5,468	)	$	205,514
Cost of sales		–			149,417			21,176			(5,307	)		165,286
Gross profit		–			37,312			3,077			(161	)		40,228
Selling, general, and administrative expense		(23	)		22,572			1,930			–			24,479
Income from operations		23			14,740			1,147			(161	)		15,749
Interest expense (income)		4,245			474			(31	)		–			4,688
Other income		–			(53	)		(2	)		–			(55	)
(Loss) income before taxes		(4,222	)		14,319			1,180			(161	)		11,116
(Benefit of) provision for income taxes		(1,618	)		5,518			194			–			4,094
(Loss) income from continuing operations		(2,604	)		8,801			986			(161	)		7,022
Discontinued operations:
Income from discontinued operations before taxes		–			162			–			–			162
Benefit of income taxes		–			(117	)		–			–			(117	)
Income from discontinued operations		–			279			–			–			279
Equity in earnings from subsidiaries		10,066			986			–			(11,052	)		–
Net income	$	7,462		$	10,066		$	986		$	(11,213	)	$	7,301

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

NINE MONTHS ENDED SEPTEMBER 30, 2013 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	585,726		$	69,565		$	(16,559	)	$	638,732
Cost of sales		–			469,628			62,028			(15,569	)		516,087
Gross profit		–			116,098			7,537			(990	)		122,645
Selling, general, and administrative expense		188			78,373			5,597			–			84,158
Impairment of intangible assets		–			1,000			22,160			–			23,160
(Loss) income from operations		(188	)		36,725			(20,220	)		(990	)		15,327
Interest expense (income)		17,768			1,004			(94	)		–			18,678
Other income		–			(141	)		–			–			(141	)
(Loss) income before taxes		(17,956	)		35,862			(20,126	)		(990	)		(3,210	)
(Benefit of) provision for income taxes		(6,669	)		12,392			705			–			6,428
(Loss) income from continuing operations		(11,287	)		23,470			(20,831	)		(990	)		(9,638	)
Discontinued operations:
Loss from discontinued operations before taxes		–			(7	)		–			–			(7	)
Benefit (loss) of income taxes		–			(3	)		–			–			(3	)
Income from discontinued operations		–			(4	)		–			–			(4	)
Equity in earnings from subsidiaries		2,635			(20,831	)		–			18,196			–
Net (loss) income	$	(8,652	)	$	2,635		$	(20,831	)	$	17,206		$	(9,642	)

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING STATEMENTS OF OPERATIONS

NINE MONTHS ENDED SEPTEMBER 30, 2012 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	–		$	555,858		$	77,758		$	(16,197	)	$	617,419
Cost of sales		–			448,222			67,034			(15,272	)		499,984
Gross profit		–			107,636			10,724			(925	)		117,435
Selling, general, and administrative expense		32			71,919			6,419			–			78,370
(Loss) income from operations		(32	)		35,717			4,305			(925	)		39,065
Interest expense (income)		12,719			1,362			(92	)		–			13,989
Other income		–			(395	)		(6	)		–			(401	)
(Loss) income before taxes		(12,751	)		34,750			4,403			(925	)		25,477
(Benefit of) provision for income taxes		(4,894	)		12,953			1,032			–			9,091
(Loss) income from continuing operations		(7,857	)		21,797			3,371			(925	)		16,386
Discontinued operations:
Income from discontinued operations before taxes		–			9			–			–			9
Benefit of income taxes		–			(174	)		–			–			(174	)
Income from discontinued operations		–			183			–			–			183
Equity in earnings from subsidiaries		25,351			3,371			–			(28,722	)		–
Net income	$	17,494		$	25,351		$	3,371		$	(29,647	)	$	16,569

Schedule Of Consolidating Statements Of Comprehensive Income

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED SEPTEMBER 30, 2013 (in thousands)

		Gibraltar			Guarantor			Non-Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries			Eliminations		Total
Net loss	$	(13,471	)	$	(11,229	)	$	(21,882	)	$	32,855	$	(13,727	)
Other comprehensive income:
Foreign currency translation adjustment		–			–			2,539			–		2,539
Adjustment to retirement benefit liability, net of tax		–			3			–			–		3
Adjustment to post-retirement health care liability, net of tax		–			18			–			–		18
Other comprehensive income		–			21			2,539			–		2,560
Total comprehensive loss	$	(13,471	)	$	(11,208	)	$	(19,343	)	$	32,855	$	(11,167	)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME THREE MONTHS ENDED SEPTEMBER 30, 2012 (in thousands)

		Gibraltar		Guarantor		Non-Guarantor
		Industries, Inc.		Subsidiaries		Subsidiaries		Eliminations			Total
Net income	$	7,462	$	10,066	$	986	$	(11,213	)	$	7,301
Other comprehensive income:
Foreign currency translation adjustment		–		–		2,029		–			2,029
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		2,029		–			2,047
Total comprehensive income	$	7,462	$	10,084	$	3,015	$	(11,213	)	$	9,348

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME NINE MONTHS ENDED SEPTEMBER 30, 2013 (in thousands)

		Gibraltar			Guarantor		Non-Guarantor
		Industries, Inc.			Subsidiaries		Subsidiaries			Eliminations		Total
Net (loss) income	$	(8,652	)	$	2,635	$	(20,831	)	$	17,206	$	(9,642	)
Other comprehensive income (loss):
Foreign currency translation adjustment		–			–		(1,362	)		–		(1,362	)
Adjustment to retirement benefit liability, net of tax		–			7		–			–		7
Adjustment to post-retirement health care liability, net of tax		–			56		–			–		56
Other comprehensive income (loss)		–			63		(1,362	)		–		(1,299	)
Total comprehensive (loss) income	$	(8,652	)	$	2,698	$	(22,193	)	$	17,206	$	(10,941	)

GIBRALTAR INDUSTRIES, INC.

CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME NINE MONTHS ENDED SEPTEMBER 30, 2012 (in thousands)

		Gibraltar		Guarantor		Non-Guarantor
		Industries, Inc.		Subsidiaries		Subsidiaries		Eliminations			Total
Net income	$	17,494	$	25,351	$	3,371	$	(29,647	)	$	16,569
Other comprehensive income:
Foreign currency translation adjustment		–		–		1,968		–			1,968
Adjustment to retirement benefit liability, net of tax		–		6		–		–			6
Adjustment to post-retirement health care liability, net of tax		–		47		–		–			47
Other comprehensive income		–		53		1,968		–			2,021
Total comprehensive income	$	17,494	$	25,404	$	5,339	$	(29,647	)	$	18,590

Schedule Of Consolidating Balance Sheets

     GIBRALTAR INDUSTRIES, INC. CONSOLIDATING BALANCE SHEETS

SEPTEMBER 30, 2013 (in thousands)

		Gibraltar		Guarantor		Non-Guarantor
		Industries, Inc.		Subsidiaries		Subsidiaries			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	–	$	59,956	$	20,892		$	–		$	80,848
Accounts receivable, net		–		101,407		13,134			–			114,541
Intercompany balances		19,409		2,193		(21,602	)		–			–
Inventories		–		108,597		8,302			–			116,899
Other current assets		7,148		7,171		971			–			15,290
Total current assets		26,557		279,324		21,697			–			327,578
Property, plant, and equipment, net		–		118,699		12,178			–			130,877
Goodwill		–		334,123		7,322			–			341,445
Acquired intangibles		–		87,365		5,967			–			93,332
Other assets		3,066		3,135		1			–			6,202
Investment in subsidiaries		649,490		33,342		–			(682,832	)		–
	$	679,113	$	855,988	$	47,165		$	(682,832	)	$	899,434
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	–	$	74,144	$	7,014		$	–		$	81,158
Accrued expenses		1,332		42,443		2,753			–			46,528
Current maturities of long-term debt		–		417		–			–			417
Total current liabilities		1,332		117,004		9,767			–			128,103
Long-term debt		210,000		3,601		–			–			213,601
Deferred income taxes		–		52,940		3,394			–			56,334
Other non-current liabilities		–		32,953		662			–			33,615
Total shareholders' equity		467,781		649,490		33,342			(682,832	)		467,781
	$	679,113	$	855,988	$	47,165		$	(682,832	)	$	899,434

     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
Total 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 NINE MONTHS ENDED SEPTEMBER 30, 2013 (in thousands)

								Non-
		Gibraltar			Guarantor			Guarantor
		Industries, Inc.			Subsidiaries			Subsidiaries		Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities of continuing operations	$	(9,040	)	$	44,203		$	2,753	$	–	$	37,916
Net cash used in operating activities of discontinued operations		–			(9	)		–		–		(9	)
Net cash (used in) provided by operating activities		(9,040	)		44,194			2,753		–		37,907
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			(5,344	)		–		–		(5,344	)
Purchases of property, plant, and equipment		–			(6,196	)		(2,620	)	–		(8,816	)
Net proceeds from sale of property and equipment		–			12,434			13		–		12,447
Net cash provided by (used in) investing activities		–			894			(2,607	)	–		(1,713	)
Cash Flows from Financing Activities
Long-term debt payments		(204,000	)		(1,084	)		–		–		(205,084	)
Proceeds from long-term debt		210,000			–			–		–		210,000
Payment of note redemption fees		(3,702	)		–			–		–		(3,702	)
Intercompany financing		10,838			(10,211	)		(627	)	–		–
Purchase of treasury stock at market prices		(642	)		–			–		–		(642	)
Payment of deferred financing fees		(3,858	)		–			–		–		(3,858	)
Excess tax benefit from stock compensation		62			–			–		–		62
Net proceeds from issuance of common stock		342			–			–		–		342
Net cash provided by (used in) financing activities		9,040			(11,295	)		(627	)	–		(2,882	)
Effect of exchange rate changes on cash		–			–			(492	)	–		(492	)
Net increase (decrease) in cash and cash equivalents		–			33,793			(973	)	–		32,820
Cash and cash equivalents at beginning of year		–			26,163			21,865		–		48,028
Cash and cash equivalents at end of period		$ –		$	59,956		$	20,892		$ –	$	80,848

GIBRALTAR INDUSTRIES, INC.

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS NINE MONTHS ENDED SEPTEMBER 30, 2012 (in thousands)

		Gibraltar						Non-
		Industries,			Guarantor			Guarantor
		Inc.			Subsidiaries			Subsidiaries			Eliminations		Total
Cash Flows from Operating Activities
Net cash (used in) provided by operating activities of continuing operations	$	(7,847	)	$	28,704		$	5,759		$	–	$	26,616
Net cash provided by operating activities of discontinued operations		–			119			–			–		119
Net cash (used in) provided by operating activities		(7,847	)		28,823			5,759			–		26,735
Cash Flows from Investing Activities
Cash paid for acquisitions, net of cash acquired		–			–			(2,705	)		–		(2,705	)
Purchases of property, plant, and equipment		–			(6,030	)		(822	)		–		(6,852	)
Net proceeds from sale of property and equipment		–			68			349			–		417
Net cash used in investing activities		–			(5,962	)		(3,178	)		–		(9,140	)
Cash Flows from Financing Activities
Long-term debt payments		–			(414	)		–			–		(414	)
Purchase of treasury stock at market prices		(970	)		–			–			–		(970	)
Payment of deferred financing fees		–			(18	)		–			–		(18	)
Excess tax benefit from stock compensation		14			–			–			–		14
Intercompany financing		8,751			(6,745	)		(2,006	)		–		–
Net proceeds from issuance of common stock		52			–			–			–		52
Net cash provided by (used in) financing activities		7,847			(7,177	)		(2,006	)		–		(1,336	)
Effect of exchange rate changes on cash		–			–			751					751
Net increase in cash and cash equivalents		–			15,684			1,326			–		17,010
Cash and cash equivalents at beginning of year		–			34,691			19,426			–		54,117
Cash and cash equivalents at end of period	$	–		$	50,375		$	20,752		$	–	$	71,127