Document_Entity_Information
Document Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 27, 2014 | Jun. 28, 2013 | |
Entity Information | ' | ' | ' |
Entity Registrant Name | 'Euramax Holdings, Inc. | ' | ' |
Entity Central Index Key | '0001026743 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Amendment Flag | 'false | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 195,177 | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'Yes | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Public Float | ' | ' | $0 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | |||
In Thousands, unless otherwise specified | |||||||
ASSETS | ' | ' | ' | ' | |||
Cash and cash equivalents | $8,977 | $10,024 | $14,327 | $24,902 | |||
Accounts receivable, less allowances of $2,235 and $2,751 in 2013 and 2012, respectively | 73,996 | 73,876 | ' | ' | |||
Inventories, net | 89,760 | 89,294 | ' | ' | |||
Income taxes receivable | 982 | 1,527 | ' | ' | |||
Deferred income taxes | 580 | 907 | ' | ' | |||
Other current assets | 7,008 | 4,789 | ' | ' | |||
Total current assets | 181,303 | 180,417 | ' | ' | |||
Property, plant and equipment, net | 130,114 | 141,208 | ' | ' | |||
Goodwill | 204,053 | 199,375 | 196,686 | ' | |||
Customer relationships, net | 40,631 | 54,589 | ' | ' | |||
Other intangible assets, net | 7,073 | 7,475 | ' | ' | |||
Deferred income taxes | 87 | 68 | ' | ' | |||
Other assets | 8,712 | 11,290 | ' | ' | |||
Total assets | 571,973 | [1] | 594,422 | [1] | 619,246 | [1] | ' |
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ' | ' | ' | ' | |||
Accounts payable | 57,262 | 55,883 | ' | ' | |||
Accrued expenses | 26,366 | 30,667 | ' | ' | |||
Accrued interest payable | 9,020 | 9,017 | ' | ' | |||
Deferred income taxes | 605 | 847 | ' | ' | |||
Total current liabilities | 93,253 | 96,414 | ' | ' | |||
Long-term debt | 535,396 | 516,674 | ' | ' | |||
Deferred income taxes | 18,980 | 20,419 | ' | ' | |||
Other liabilities | 32,907 | 46,907 | ' | ' | |||
Total liabilities | 680,536 | 680,414 | ' | ' | |||
Shareholders’ (deficit) equity: | ' | ' | ' | ' | |||
Class A common stock—$1.00 par value; 600,000 shares authorized, 194,852 issued and outstanding in 2013 and 188,938 issued and outstanding in 2012 | 195 | 189 | ' | ' | |||
Class B convertible restricted voting common stock—$1.00 par value; 600,000 shares authorized, no shares issued in 2013 and 2012 | 0 | 0 | ' | ' | |||
Additional paid-in capital | 724,071 | 721,869 | ' | ' | |||
Accumulated loss | -843,750 | -818,855 | ' | ' | |||
Accumulated other comprehensive income | 10,921 | 10,805 | ' | ' | |||
Total shareholders' (deficit) equity | -108,563 | -85,992 | ' | ' | |||
Total liabilities and shareholders’ (deficit) equity | $571,973 | $594,422 | ' | ' | |||
[1] | Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Allowance for doubtful accounts | $2,235 | $2,751 |
Common stock, shares authorized | 1,200,000 | ' |
Common Class A | ' | ' |
Common stock, par or stated value per share | $1 | $1 |
Common stock, shares authorized | 600,000 | 600,000 |
Common stock, shares, outstanding | 194,852 | 188,938 |
Common Class B | ' | ' |
Common stock, par or stated value per share | $1 | ' |
Common stock, shares authorized | 600,000 | ' |
Common stock value convertible stated value per share | $1 | $1 |
Common stock value convertible, authorized | 600,000 | 600,000 |
Common stock value convertible, outstanding | 0 | 0 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of goods sold (excluding depreciation and amortization) | 171,539 | 188,792 | 190,461 | 149,170 | 166,788 | 182,557 | 185,135 | 166,565 | 699,962 | 701,045 | 785,165 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 75,428 | 83,492 | 91,421 |
Depreciation and amortization | 9,542 | 8,514 | 8,450 | 8,593 | 8,846 | 8,624 | 8,633 | 8,681 | 35,099 | 34,784 | 37,194 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 9,165 | 6,425 | 8,404 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 39 | 1,200 |
Income (loss) from operations | -4,121 | 8,687 | 9,884 | -7,432 | -3,034 | 6,610 | 8,065 | -286 | 7,018 | 11,355 | 10,294 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -54,078 | -54,858 | -55,579 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 7,404 | 5,012 | -14,117 |
Loss before income taxes | -13,599 | 3,177 | -1,859 | -27,375 | -12,764 | -3,290 | -14,659 | -7,778 | -39,656 | -38,491 | -59,402 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -14,761 | -1,723 | 3,315 |
Net loss | ($11,482) | $16,259 | ($1,556) | ($28,116) | ($11,881) | ($1,175) | ($15,592) | ($8,120) | ($24,895) | ($36,768) | ($62,717) |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Operations (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Net loss | ($24,895) | ($36,768) | ($62,717) |
Foreign currency translation adjustment | -815 | 80 | 2,380 |
Pension liability adjustments, net of tax | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | 116 | 1,033 | -3,457 |
Total comprehensive loss | ($24,779) | ($35,735) | ($66,174) |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Operations (Parentheticals) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Tax expense for pension liability adjustment to other comprehensive income | $1,193 | $225 | $45 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Equity (USD $) | Total | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Translation Adjustment | Accumulated Defined Benefit Plans Adjustment |
In Thousands, unless otherwise specified | ||||||
Stockholders' equity at Dec. 31, 2010 | $9,831 | $182 | $715,790 | ($719,370) | $17,636 | ($4,407) |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net loss | -62,717 | 0 | 0 | -62,717 | 0 | 0 |
Net other comprehensive income (loss) | -3,457 | 0 | 0 | 0 | 2,380 | -5,837 |
Issuance of shares pursuant to share-based payment plans | 0 | -3 | -3 | 0 | 0 | 0 |
Share-based compensation | 3,050 | 0 | 3,050 | 0 | 0 | 0 |
Stockholders' equity at Dec. 30, 2011 | -53,293 | 185 | 718,837 | -782,087 | 20,016 | -10,244 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net loss | -36,768 | 0 | 0 | -36,768 | 0 | 0 |
Net other comprehensive income (loss) | 1,033 | 0 | 0 | 0 | 80 | 953 |
Issuance of shares pursuant to share-based payment plans | 0 | -4 | -4 | 0 | 0 | 0 |
Share-based compensation | 3,036 | 0 | 3,036 | 0 | 0 | 0 |
Stockholders' equity at Dec. 31, 2012 | -85,992 | 189 | 721,869 | -818,855 | 20,096 | -9,291 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' |
Net loss | -24,895 | 0 | 0 | -24,895 | 0 | 0 |
Net other comprehensive income (loss) | 116 | 0 | 0 | 0 | -815 | 931 |
Issuance of shares pursuant to share-based payment plans | 0 | -6 | -6 | 0 | 0 | 0 |
Share-based compensation | 2,208 | 0 | 2,208 | 0 | 0 | 0 |
Stockholders' equity at Dec. 31, 2013 | ($108,563) | $195 | $724,071 | ($843,750) | $19,281 | ($8,360) |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Operating activities | ' | ' | ' |
Net loss | ($24,895) | ($36,768) | ($62,717) |
Depreciation and amortization | 35,099 | 34,784 | 37,194 |
Amortization of deferred financing fees | 2,197 | 1,983 | 1,476 |
Amortization of debt discount | 451 | 406 | 282 |
Loss on extinguishment of First Lien Credit Facility | 0 | 0 | -1,477 |
Paid-in-kind interest | 0 | 0 | 6,793 |
Share-based compensation | 2,208 | 3,036 | 3,050 |
Provision for doubtful accounts | 290 | 364 | 18 |
Foreign exchange (gain) loss | 7,700 | 347 | -14,225 |
Loss (gain) on sale or disposal of assets | 2,766 | -444 | 330 |
Deferred income taxes | -3,046 | -2,218 | 803 |
Accounts receivable | 683 | 10,749 | -177 |
Inventories | 409 | -4,561 | 6,261 |
Other current assets | -2,184 | -219 | -620 |
Accounts payable and other current liabilities | -3,846 | 1,370 | 8,353 |
Income taxes payable | -10,433 | -2,467 | 2,716 |
Other noncurrent assets and liabilities | -2,314 | -1,683 | -868 |
Net cash (used in) provided by operating activities | -10,315 | 3,985 | 18,596 |
Investing activities: | ' | ' | ' |
Proceeds from sales of assets | 2,346 | 1,321 | 434 |
Capital expenditures | -10,742 | -7,140 | -10,151 |
Purchase of a business, net of cash acquired | 0 | -6,445 | 0 |
Net cash (used in) provided by investing activities | -8,396 | -12,264 | -9,717 |
Financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 18,270 | 8,280 | 10,205 |
Deferred financing fees | 175 | 34 | 10,623 |
Net repayments on First Lien Credit Facility | 0 | 0 | -412,028 |
Borrowings under Senior Secured Notes | 0 | 0 | 375,000 |
Borrowings under Senior Unsecured Notes | 0 | 0 | 19,812 |
Net cash provided by (used in) financing activities | 18,095 | 8,246 | -17,634 |
Effect of exchange rate changes on cash | -431 | -4,270 | -1,820 |
Net decrease in cash and cash equivalents | -1,047 | -4,303 | -10,575 |
Cash and cash equivalents at beginning of year | 10,024 | 14,327 | 24,902 |
Cash and cash equivalents at end of year | 8,977 | 10,024 | 14,327 |
Income taxes (refunded) paid, net | -175 | 5,488 | 107 |
Interest paid, net | 52,220 | 52,157 | 41,364 |
Exchange of First Lien Credit Facility for Senior Unsecured Loan Facility | $0 | $0 | $102,688 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Operations and Summary of Significant Accounting Policies | ' | ||||||||||||
Operations and Summary of Significant Accounting Policies | |||||||||||||
Nature of Operations and Organization | |||||||||||||
Euramax Holdings, Inc. and Subsidiaries (the "Company") is an international producer of residential and commercial building materials and recreational vehicle, or RV, exterior components. The Company's core building products include aluminum, steel, vinyl and copper roof drainage products, steel roofing and siding, and specialty coated aluminum coil. In addition, the Company sells an extensive line of accessory products, including roofing and siding hardware, trim parts and roof drainage accessories. The Company's core RV products include aluminum siding and roofing. The Company sells its products to a wide range of customers, including distributors, contractors, and home improvement retailers, as well as RV and transportation original equipment manufacturers, or OEMs. The Company's manufacturing and distribution network consists of 36 strategically located facilities, of which 31 are located in North America and five are located in Europe. The Company's sales volumes have historically been higher in the second and third quarters due to the seasonal demand of the building products markets served. | |||||||||||||
Basis of Presentation and Consolidation | |||||||||||||
The consolidated financial statements of the Company are prepared in conformity with U.S. generally accepted accounting principles and include the accounts of the Company and all its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to current period presentation. | |||||||||||||
On August 14, 2012, the Company acquired Cleveland Tubing, Inc. ("CTI") for approximately $6.4 million, net of cash acquired. CTI is a developer and manufacturer of corrugated plastic parts, including collapsible and flexible specialty drainage products, sold through the Company's U.S. Residential Products segment. The results of operations for CTI have been included in the Company’s consolidated financial statements as of and from the date of the acquisition. The Company allocated the purchase price to the assets acquired and liabilities assumed based on their fair values as of the acquisition date. The acquired assets of CTI consisted primarily of accounts receivable, property, plant and equipment, and inventories. The liabilities assumed generally consisted of accounts payable and accrued liabilities. | |||||||||||||
Fiscal Year | |||||||||||||
The Company historically operated on a 52 or 53 week fiscal year ending on the last Friday in December. Beginning in 2012, the fiscal year ends on December 31 regardless of the day of the week on which December 31 falls. Fiscal year 2011 ended December 30. The Company's fiscal year consisted of 52 weeks for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | |||||||||||||
Use of Estimates and Assumptions | |||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that may affect the reported amounts of certain assets, liabilities, revenues and expenses and disclosure of contingencies in the Company's consolidated financial statements. Although these estimates and assumptions are based on the Company's knowledge of current events and actions the Company may take in the future, actual results could ultimately differ from those estimates and assumptions, and the differences could be material. | |||||||||||||
Cash and Cash Equivalents | |||||||||||||
The Company considers all highly liquid investments with an initial maturity of three months or less to be cash equivalents. Certain cash overdrafts of the Company have been netted with positive cash balances held with the same financial institutions. | |||||||||||||
Accounts Receivable | |||||||||||||
Accounts receivable are comprised of trade accounts receivable and other receivables. Trade accounts receivable are recorded at net realizable value and totaled $69.8 million and $69.3 million as of December 31, 2013 and December 31, 2012, respectively. This value includes an allowance for estimated uncollectible accounts, returns and allowances, cash discounts and other adjustments. The allowance for doubtful accounts is based on historical experience, the level of past-due accounts based on the contractual terms of the receivables, current economic conditions and an evaluation of the customers' credit worthiness. Accounts receivable are charged against the allowance for doubtful accounts when it is probable that the receivable will not be recovered. | |||||||||||||
Activity in the allowance for doubtful accounts was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 2,751 | $ | 4,391 | $ | 5,742 | |||||||
Charges to costs and expenses | 290 | 364 | 18 | ||||||||||
Write-offs and other activity | (838 | ) | (2,037 | ) | (1,319 | ) | |||||||
Foreign currency translation | 32 | 33 | (50 | ) | |||||||||
Balance, end of year | $ | 2,235 | $ | 2,751 | $ | 4,391 | |||||||
Inventories | |||||||||||||
Inventories are stated at the lower of cost or market, with cost determined under the first-in, first-out (FIFO) method. Cost of manufactured inventory includes direct labor and manufacturing overhead. Market with respect to all inventories is replacement cost subject to a floor for an approximate normal profit margin on disposition. Abnormal amounts of idle facility expense, freight, handling costs, and wasted materials are recorded as current period charges. | |||||||||||||
Property, Plant, and Equipment | |||||||||||||
Property, plant, and equipment is recorded at cost. Cost of property, plant, and equipment acquired in a business combination is recorded at fair value based on the age and current replacement cost for similar assets on the date of the acquisition. Repair and maintenance costs are generally expensed unless they extend the useful lives of assets. Depreciation of property, plant, and equipment is computed principally on the straight-line method over the estimated useful lives of the assets ranging from 3 years to 37 years for equipment and from 10 years to 25 years for buildings. When events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, management assesses whether there has been an impairment in the value of the asset by comparing the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition to the carrying amount of the asset. If the expected future cash flows are less than the carrying amount of the asset, an impairment loss is recognized based on the excess of the asset's carrying value over its fair value. Fair value is estimated based on discounted cash flows, independent appraisals or comparable market transactions. | |||||||||||||
Goodwill and Intangible Assets | |||||||||||||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and identifiable intangible assets acquired. Goodwill has been assigned to multiple reporting units at either the operating segment, or one level below, primarily based upon the nature of discrete businesses comprising the Company's operations. We test our goodwill for impairment annually on the first day of our fourth quarter or more frequently if events or circumstances indicate the potential for impairment. The implied fair value of goodwill is determined by estimating the fair value of the reporting units and allocating such value to the tangible and identifiable intangible assets of each reporting unit. The Company's fair value estimate is based upon estimates of the future cash flows of the reporting units and market valuations of comparable companies. Significant judgments are made in estimating the future cash flows of the reporting units and determining comparable companies upon which fair values of the Company's reporting units are based. No goodwill impairment charges were recorded during fiscal years 2013, 2012, or 2011. The carrying value of goodwill at the valuation date is not representative of current fair value. | |||||||||||||
The Company has recognized intangible assets, apart from goodwill, acquired in business combinations and resulting from certain shareholder transactions, at fair value on the date of the transactions. Indefinite lived intangible assets are not amortized, but are tested for impairment annually, or more frequently if events or circumstances indicate the potential for impairment. The Company amortizes its intangible assets with finite lives over their useful lives based upon the pattern in which the economic benefits of the intangible assets are recognized. If that pattern cannot be determined, a straight-line amortization method is used. Intangible assets with finite lives are tested for impairment when there are indications that the carrying amount of an intangible asset may not be recoverable. The Company utilizes an income approach to estimate the fair value of its definite and indefinite lived intangible assets to test for impairment. | |||||||||||||
No intangible asset impairment charges were recorded in fiscal years 2013, 2012, or 2011. See Note 4 for further disclosures related to goodwill and other intangible assets. | |||||||||||||
Income Taxes | |||||||||||||
The Company accounts for income taxes using the asset and liability method of accounting. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of "temporary differences" by applying enacted statutory tax rates applicable for future years to differences between financial statement and tax bases of existing assets and liabilities. Valuation allowances are established if the Company believes it is more likely than not that some or all of the deferred tax assets will not be realized. A tax benefit is not recognized unless the Company concludes that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, a tax benefit is recognized and measured as the largest amount of the tax benefit that in the Company's judgment is greater than 50 percent likely to be realized. Interest and penalties related to unrecognized tax positions are recorded in (benefit from) provision for income taxes in the accompanying consolidated statements of operations. See Note 9 for further disclosures related to income taxes. | |||||||||||||
Financial Instruments and Risk Management | |||||||||||||
The Company measures fair value based on a hierarchy disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. | |||||||||||||
Market price observability is impacted by a number of factors, including the type of asset or liability and their characteristics. This hierarchy prioritizes the inputs into three broad levels as follows: | |||||||||||||
Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities. | ||||||||||||
Level 2 | Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | ||||||||||||
Level 3 | Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||
All derivative instruments are recognized on the balance sheet at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and the type of hedging relationship. Derivative instruments that qualify as hedging instruments are designated based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of net investment in a foreign operation. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting gain or loss on the hedged item attributable to the hedged risk is recognized in current earnings during the period of the change in fair values. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative instrument is reported as a component of Other Comprehensive Income (OCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The remaining gain or loss related to the ineffective portion of the derivative instrument, if any, is recognized in current earnings during the period of change. For derivative instruments that are designated and qualify as a hedge of a net investment in a foreign operation, the gain or loss is reported in OCI as part of the cumulative translation adjustment to the extent it is effective. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in current earnings during the period of change. Should a financial instrument designated as a hedge be terminated while the underlying hedged transaction remains outstanding, or reasonably possible of occurring, the gain or loss would be deferred and amortized over the shorter of the remaining life of the underlying or the agreement. | |||||||||||||
The Company has used derivative financial instruments primarily to reduce its exposure to fluctuations in foreign currency exchange rates. These derivatives are not designated as hedging instruments and are recorded on the consolidated balance sheet at fair value as either other current assets or accrued expenses. The Company calculates the fair value of its derivatives using quoted exchange rates from financial institutions. The earnings impact resulting from the derivative instruments is recorded in the other income (loss) line item within the consolidated statement of operations. | |||||||||||||
The carrying amounts of cash and cash equivalents; receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the relatively short-term maturities of these instruments. | |||||||||||||
Revenue Recognition | |||||||||||||
The Company recognizes revenue when persuasive evidence of an agreement exists, delivery has occurred, the Company's price to the buyer is fixed and determinable and collectability is reasonably assured. Delivery is not considered to have occurred until the customer takes title and assumes the risks and rewards of ownership. Revenue is recorded net of provisions for returns, allowances, rebates, and discounts. | |||||||||||||
The Company provides warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. The Company provides accruals for warranties based on historical experience and expectations of future occurrence. Warranty costs are recorded as a component of cost of goods sold and are classified as accrued expenses or other liabilities depending on the timing of expected payments. | |||||||||||||
Shipping and Handling Costs | |||||||||||||
The Company classifies all shipping and handling charges as cost of goods sold. | |||||||||||||
Advertising Costs | |||||||||||||
The Company expenses all advertising costs as incurred. Advertising costs for 2013, 2012, and 2011 were $3.1 million, $3.3 million, and $2.8 million, respectively. | |||||||||||||
Translation of Foreign Currencies | |||||||||||||
Assets and liabilities of non-U.S. subsidiaries are translated to U.S. Dollars at the rate of exchange in effect on the balance sheet date. Income and expenses are translated to U.S. Dollars at the weighted average rates of exchange prevailing during the year. Foreign currency gains and losses resulting from the remeasurement of inter-company amounts that are not of a long-term investment nature into local currencies and certain indebtedness of foreign subsidiaries denominated in U.S. dollars are included in other income (loss), net and amounted to income of $7.6 million and $4.9 million in 2013 and 2012, respectively, and losses of $13.0 million in 2011. Foreign currency gains and losses resulting from transactions in the ordinary course of business are recorded in selling and general expenses. Foreign currency translation gains and losses recorded in selling and general expenses were not significant for any period presented. | |||||||||||||
Recently Adopted Accounting Pronouncements | |||||||||||||
In February 2013, the FASB issued amendments to the disclosure requirements for comprehensive income. These amendments require an entity to report amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. The adoption of this standard did not change the current requirements for reporting net income or other comprehensive income in the financial statements. The amendments were effective for the Company in the first quarter of 2013. |
Inventories
Inventories | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Inventory Disclosure [Abstract] | ' | |||||||||||
Inventories | ' | |||||||||||
Inventories, net of the allowance for obsolete inventory, were comprised of: | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Aluminum and steel coil | $ | 58,153 | $ | 59,651 | ||||||||
Raw materials | 15,291 | 14,520 | ||||||||||
Work in process | 1,936 | 1,598 | ||||||||||
Finished products | 14,380 | 13,525 | ||||||||||
Total inventories, net | $ | 89,760 | $ | 89,294 | ||||||||
The Company has disclosed aluminum and steel coil inventory separately, as it represents inventory that can be classified as raw material, work in process or finished product. Aluminum and steel coil represent both painted and bare coil. Inventories are net of related reserves totaling $2.4 million and $2.9 million at December 31, 2013 and December 31, 2012, respectively. | ||||||||||||
Activity in the allowance for obsolete inventory was as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 2,911 | $ | 3,009 | $ | 2,405 | ||||||
Charges to costs and expenses | 3,972 | 4,386 | 3,626 | |||||||||
Write-offs | (4,487 | ) | (4,534 | ) | (2,998 | ) | ||||||
Foreign currency translation | 45 | 50 | (24 | ) | ||||||||
Balance, end of year | $ | 2,441 | $ | 2,911 | $ | 3,009 | ||||||
Property_Plant_and_Equipment
Property, Plant, and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment | ' | |||||||
Property, Plant, and Equipment | ||||||||
Property, plant, and equipment consisted of: | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Land and improvements | $ | 22,868 | $ | 23,324 | ||||
Buildings | 57,555 | 61,410 | ||||||
Machinery and equipment | 192,779 | 181,081 | ||||||
Construction in progress | 3,948 | 4,941 | ||||||
Property, plant, and equipment, gross | 277,150 | 270,756 | ||||||
Less accumulated depreciation | (147,036 | ) | (129,548 | ) | ||||
Property, plant, and equipment, net | $ | 130,114 | $ | 141,208 | ||||
Depreciation expense (including software amortization expenses disclosed below) for 2013, 2012, and 2011 was $19.9 million, $18.6 million, and $19.1 million, respectively. | ||||||||
As of December 31, 2013 and December 31, 2012, unamortized computer software costs totaling $6.7 million and $9.6 million, respectively, were recorded in property, plant and equipment. Amortization of capitalized computer software costs for 2013, 2012, and 2011 was $4.3 million, $3.5 million, and $3.4 million, respectively. |
Goodwill_and_Intangible_Assets
Goodwill and Intangible Assets | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill and Intangible Assets | ' | |||||||||||||||||||||||
Goodwill and Intangible Assets | ||||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||||
Changes in the carrying amount of goodwill for the years ended December 31, 2013 and December 31, 2012 are as follows: | ||||||||||||||||||||||||
U.S. Residential | U.S. Commercial Products | European Roll | European | Consolidated | ||||||||||||||||||||
Products | Coated | Engineered | ||||||||||||||||||||||
Aluminum | Products | |||||||||||||||||||||||
Balance at December 30, 2011 | $ | 71,987 | $ | 9,067 | $ | 103,292 | $ | 12,340 | $ | 196,686 | ||||||||||||||
Acquisition of Cleveland Tubing, Inc. | 256 | — | — | — | 256 | |||||||||||||||||||
Foreign currency translation | — | — | 1,873 | 560 | 2,433 | |||||||||||||||||||
Balance at December 31, 2012 | 72,243 | 9,067 | 105,165 | 12,900 | 199,375 | |||||||||||||||||||
Adjustment to Cleveland Tubing, Inc. | 48 | — | — | — | 48 | |||||||||||||||||||
Foreign currency translation | — | — | 4,384 | 246 | 4,630 | |||||||||||||||||||
Balance at December 31, 2013 | $ | 72,291 | $ | 9,067 | $ | 109,549 | $ | 13,146 | $ | 204,053 | ||||||||||||||
Accumulated impairment losses as of December 31, 2013 were $150.9 million for U.S. Residential Products, $58.7 million for U.S. Commercial Products, $60.2 million for European Roll Coated Aluminum Products and $10.2 million for European Engineered Products. Accumulated impairment losses as of December 31, 2012 were $151.2 million for U.S. Residential Products, $58.7 million for U.S. Commercial Products, $57.8 million for European Roll Coated Aluminum and $10.0 million for European Engineered Products. Changes in accumulated impairment losses resulted from foreign currency translation adjustments related to goodwill in the Company's foreign reporting units. | ||||||||||||||||||||||||
Annual Impairment Test | ||||||||||||||||||||||||
Goodwill is tested for impairment annually on the first day of the fourth quarter or more frequently if events or circumstances indicate the potential for impairment. For impairment testing purposes, five reporting units have been identified at the operating segment level, primarily based upon the nature of discrete businesses comprising the Company's operations. As of December 31, 2013, goodwill has been allocated to four of the identified reporting units. Two operating segments are below the required quantitative thresholds and have been aggregated into one reporting segment, European Engineered Products. | ||||||||||||||||||||||||
The impairment test for goodwill is a two step process. If the carrying value of the reporting unit exceeds its fair value, the goodwill is potentially impaired and the implied fair value of goodwill must be determined by estimating the fair value of the reporting units and allocating such value to the tangible and identifiable intangible assets of each reporting unit. If the carrying amount of a reporting unit's goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized equal to the excess of the carrying amount of goodwill over its implied fair value. The Company determine the fair value of each reporting unit based on an income approach, using a discounted cash flow analysis, and a market valuation approach, using market multiples of publicly traded guideline companies. The discounted cash flow analysis requires various judgmental assumptions about future cash flows, growth rates, and weighted average cost of capital. The assumptions about future cash flows and growth rates are based on an assessment of the business plans of each reporting unit. Discount rate assumptions are based on an assessment of the risk inherent in the future cash flows of the respective reporting units. | ||||||||||||||||||||||||
Various assumptions, including assumptions regarding future cash flows, market multiples, growth rates and discount rates, are made in the assessment of goodwill for impairment. The assumptions about future cash flows and growth rates are based on the current business plans of the reporting unit. Discount rate assumptions are based on an assessment of the risk inherent in the future cash flows of the reporting unit. These assumptions and estimates are complex and often subjective. They are sensitive to changes in underlying assumptions and can be affected by a variety of factors, including external factors such as industry and economic trends, and internal factors such as changes in the Company's business strategy and internal forecasts. | ||||||||||||||||||||||||
No impairment charges were recorded based upon impairment testing performed in 2013, 2012 or 2011. | ||||||||||||||||||||||||
Intangible Assets | ||||||||||||||||||||||||
Intangible assets consisted of the following: | ||||||||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | |||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||||||
Carrying | Amortization | Carrying | Carrying | Amortization | Carrying | |||||||||||||||||||
Amount | Amount | Amount | Amount | |||||||||||||||||||||
Intangible assets subject to amortization: | ||||||||||||||||||||||||
Customer relationships | $ | 215,922 | $ | (175,291 | ) | $ | 40,631 | $ | 212,532 | $ | (157,943 | ) | $ | 54,589 | ||||||||||
Patents | 5,993 | (5,020 | ) | 973 | 5,800 | (4,425 | ) | 1,375 | ||||||||||||||||
221,915 | (180,311 | ) | 41,604 | 218,332 | (162,368 | ) | 55,964 | |||||||||||||||||
Intangible assets not subject to amortization: | ||||||||||||||||||||||||
Trade names | 6,100 | — | 6,100 | 6,100 | — | 6,100 | ||||||||||||||||||
Total intangible assets | $ | 228,015 | $ | (180,311 | ) | $ | 47,704 | $ | 224,432 | $ | (162,368 | ) | $ | 62,064 | ||||||||||
The aggregate amortization expense for intangible assets for 2013, 2012, and 2011 was $15.2 million, $16.1 million, and $18.1 million, respectively. The average useful lives of the Company's customer relationships and patents are 12 years and 10 years, respectively. Based on the carrying value of identified intangible assets recorded at December 31, 2013, and assuming no subsequent impairment of the underlying assets, the aggregate annual amortization expense for the next 5 years is expected to be as follows: | ||||||||||||||||||||||||
Amortization of | ||||||||||||||||||||||||
Intangible | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
2014 | $ | 13,482 | ||||||||||||||||||||||
2015 | 11,900 | |||||||||||||||||||||||
2016 | 10,578 | |||||||||||||||||||||||
2017 | 4,427 | |||||||||||||||||||||||
2018 | 478 | |||||||||||||||||||||||
LongTerm_Obligations
Long-Term Obligations | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Long-Term Debt | ' | |||||||
Long-Term Debt | ||||||||
Long-term debt obligations consisted of the following: | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Senior Secured Notes (9.5%) | $ | 375,000 | $ | 375,000 | ||||
Senior Unsecured Loan Facility (12.25%) | 123,640 | 123,188 | ||||||
ABL Credit Facility | 36,756 | 18,486 | ||||||
Total long term debt | $ | 535,396 | $ | 516,674 | ||||
On March 18, 2011, Euramax International, Inc. (“Euramax International”), a 100% owned subsidiary of Euramax Holdings, Inc ("Euramax Holdings"), issued $375 million of Senior Secured Notes (the “Notes”) in a private placement exempt from registration requirements under the Securities Act of 1933, as amended (the “Securities Act”). Concurrent with the issuance of the Notes, Euramax International, Euramax Holdings, and certain of its domestic subsidiaries entered into a new senior unsecured loan facility (the “Senior Unsecured Loan Facility”) with an aggregate principal amount of $125.0 million issued at 98% of par and an Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement (the “ABL Credit Facility”), which provided revolving credit financing of up to $70 million. | ||||||||
Prior to the issuance of the Notes and the Senior Unsecured Loan Facility, the Company had outstanding obligations of approximately $514.7 million under the First Lien Credit Agreement. Proceeds from the $375 million offering of Notes, issued at par, were used to pay lenders under the First Lien Credit Agreement. Additionally, certain existing lenders exchanged approximately $102.7 million of existing loans under the First Lien Credit Agreement and cash of $19.8 million for the $125.0 million of loans under the new Senior Unsecured Loan Facility, which were issued at 98% of par. Cash proceeds along with borrowings under the ABL Credit Facility were used to repay the remaining outstanding amounts due under the First Lien Credit Agreement and expenses related to the refinancing. The difference between the consideration received and the aggregate face amount of the Senior Unsecured Loan Facility ($1.4 million) is being amortized and recorded in interest expense using the effective interest rate method over the term of the Senior Unsecured Loan Facility. | ||||||||
The Company recognized a loss of approximately $1.5 million on the 2011 extinguishment of the First Lien Credit Agreement. This loss was primarily comprised of the write-off of previously capitalized deferred debt issuance costs and was recorded in other income (loss), net. Deferred debt issuance costs related to then-existing obligations under the First Lien Credit Agreement, which were exchanged for amounts under the Senior Unsecured Loan Facility, are being amortized to interest expense over the term of the Senior Unsecured Loan Facility using the effective interest rate method. Direct and incremental debt issuance costs related to the Notes, Senior Unsecured Loan Facility, and ABL Credit Facility, including legal fees, printing costs and bank fees totaled approximately $10.6 million and have been capitalized and reported as deferred financing costs within other assets. These costs are being amortized and recorded in interest expense using the effective interest rate method over the term of the applicable agreement. | ||||||||
The Company has $36.8 million of outstanding debt under revolving credit facilities. The Company expects to make payments and borrowings under the facilities during 2014. Additionally, the Company has $500 million of outstanding debt that will mature in 2016. There are no other maturities of long term debt in the next five years. | ||||||||
Senior Secured Notes | ||||||||
The Notes consist of an aggregate principal amount of $375 million, which were issued pursuant to an indenture (the "Indenture") dated March 18, 2011, among Euramax International, Euramax Holdings, and certain of its domestic subsidiaries as guarantors, and Wells Fargo Bank, National Association, the Trustee. The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Euramax Holdings, Euramax International, and Amerimax Richmond Company, a 100% owned domestic subsidiary of Euramax International. The Notes bear interest at 9.50% per year and mature on April 1, 2016, unless earlier redeemed or repurchased by Euramax International. Interest is payable semi-annually on April 1 and October 1 of each year. | ||||||||
The Notes are secured by a first priority security interest in (i) substantially all of the assets of Euramax International and the guarantors (other than inventory and accounts receivable and related assets, which assets secure the ABL Credit Facility on a first priority basis) and (ii) all of Euramax International's capital stock and the capital stock of each material domestic restricted subsidiary owned by Euramax International or a guarantor and 65% of the voting capital stock and 100% of any non-voting capital stock of foreign restricted subsidiaries directly owned by us or a guarantor, and a second priority security interest in the inventory, receivables and related assets. | ||||||||
The Notes may be redeemed at the option of Euramax International, in whole or in part, under the conditions specified in the Indenture at the following redemption prices, plus accrued and unpaid interest to the redemption date if redeemed during the twelve-month period beginning on April 1 of the years indicated: | ||||||||
Year | Percentage | |||||||
2013 | 107.125 | % | ||||||
2014 | 104.75 | % | ||||||
2015 and thereafter | 100 | % | ||||||
The Indenture contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. These limitations also prohibit Euramax International's ability to transfer cash or assets to Euramax Holdings, whether by dividend, loan or otherwise. The Indenture also contains customary events of default. If Euramax International undergoes a change of control (as defined in the Indenture), Euramax International will be required to make an offer to repurchase the Notes at 101% of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to the date of redemption. | ||||||||
In connection with the sale of the Notes, Euramax International, the guarantors, and the initial purchasers entered into a registration rights agreement. Pursuant to the registration rights agreement, Euramax International and the guarantors agreed to file a registration statement with the Securities and Exchange Commission with respect to publicly registered Notes having identical terms to the outstanding Notes. The Securities and Exchange Commission declared the Company's registration statement with respect to the Notes effective on December 22, 2011. On December 23, 2011, the Company launched a registered tender offer in which the holders of the outstanding Notes were given the opportunity to exchange their Notes for the exchange notes. The exchange offer was completed on January 26, 2012 with 100% of the $375 million 9.50% Notes due 2016 tendered in the exchange offer. | ||||||||
Senior Unsecured Loan Facility | ||||||||
On March 3, 2011, Euramax Holdings, Euramax International and certain of its domestic subsidiaries, as guarantors, entered into a credit and guaranty agreement for a new senior unsecured loan facility (the “Senior Unsecured Loan Facility”) in the aggregate principal amount of $125.0 million. Proceeds from the facility were received on March 18, 2011. The Senior Unsecured Loan Facility will mature on October 1, 2016. Loans under the Senior Unsecured Loan Facility bear interest at 12.25% per year in the event no election is made to pay interest in kind (PIK) by increasing the principal amount of the notes, and 14.25% (7.875% cash pay and 6.375% PIK) per annum in the event a PIK election is made. The Company may make a PIK election for up to six quarters during the term of the Senior Unsecured Loan Facility. The interest rate on outstanding borrowings under the Senior Unsecured Loan Facility at December 31, 2013 was 12.25%, as the Company has not made a PIK election. | ||||||||
Euramax International may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below: | ||||||||
Prepayment Date | Percentage | |||||||
On or after the second anniversary of the closing but prior to the third anniversary thereof | 103 | % | ||||||
On or after the third anniversary of the closing but prior to the fourth anniversary thereof | 102 | % | ||||||
On or after the fourth anniversary of the closing | 100 | % | ||||||
Upon a change of control, Euramax International may be required to purchase all or a portion of the Senior Unsecured Loan Facility at a price equal to 101% of the principal amount plus accrued and unpaid interest. All obligations under the Senior Unsecured Loan Facility are unconditionally guaranteed by Euramax Holdings, Euramax International, and substantially all of Euramax International's existing and future direct and indirect wholly‑owned domestic material restricted subsidiaries. | ||||||||
The Senior Unsecured Loan Facility contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. | ||||||||
The Senior Unsecured Loan Facility contains certain customary representations and warranties, affirmative covenants and events of default, including among other things, payment defaults, covenant defaults, cross‑defaults to certain indebtedness, certain events of bankruptcy, material judgments, and failure of any guaranty supporting the Senior Unsecured Loan Facility to be in force and effect in any material respect. If such an event of default occurs, the administrative agent would be entitled to take various actions, including the acceleration of amounts due under the Senior Unsecured Loan Facility and all actions permitted to be taken by an unsecured creditor. | ||||||||
ABL Credit Facility | ||||||||
On March 18, 2011, Euramax Holdings, Euramax International, and certain of its domestic subsidiaries, entered into the Amended and Restated Senior Secured Revolving Credit and Guaranty Agreement (the "ABL Credit Facility"), with various lenders, Regions Bank, as Collateral and Administrative Agent, Wells Fargo Capital Finance, LLC, as Co-Collateral Agent, and Regions Business Capital, as Sole Lead Arranger and Bookrunner. The ABL Credit Facility provides for revolving credit financing of up to $70 million, subject to borrowing base availability. As of December 31, 2013, $12.7 million was available to be drawn on the ABL Facility. | ||||||||
On March 21, 2014, the ABL Credit Facility was amended to, among other items, (i) reduce the applicable margin rate for LIBOR borrowings from a range of 2.00% to 2.75% to a range of 1.75% to 2.25% and reduce the applicable margin rate for Base Rate borrowings from a range of 1.00% to 1.75% to a range of 1.00% to 1.25%, in each case, based on average excess availability rather than corporate credit ratings of the Company, (ii) reduce the minimum excess availability threshold to $1.0 million, (iii) reduce the fixed charge coverage ratio from 1.15 to 1.00, (iv) suspend the testing of the fixed charge coverage ratio during the occurrence of a Seasonal Overadvance B or Seasonal Overadvance C (in each case as defined below), (v) suspend the testing of the minimum consolidated EBITDA test except during the occurrence of a Seasonal Overadvance B or Seasonal Overadvance C, and (vi) provide for the three mutually exclusive overadvance facilities. Refer to Note 16 Subsequent Events for further discussion of the amendment to the ABL Credit Facility. | ||||||||
As of December 31, 2013, borrowings under the ABL Credit Facility bore interest at a rate per annum equal to either (a) LIBOR plus an applicable margin or (b) a Base Rate determined by reference to the highest of (1) the prime commercial lending rate published by Regions Bank as its “prime rate” for commercial loans, (2) the federal funds effective rate plus 0.50% and (3) the one-month LIBOR plus 1.00%, plus an applicable margin. The applicable margin is dependent upon the type of borrowings the Company has made under the ABL Credit Facility. As of December 31, 2013, the applicable margins were 2.50% and 1.50% for LIBOR and Base Rate borrowings, respectively. The applicable margins were subject to Euramax International's corporate credit rating as determined from time to time by Standard and Poor's and Moody's Investors Service and ranged from 2.00% to 2.75% for LIBOR borrowings and 1.00% to 1.75% for Base Rate borrowings. The weighted average interest rate, including the applicable margin payable on outstanding borrowings under the ABL Credit Facility, at December 31, 2013 was 3.07%. The ABL Credit Facility requires Euramax International to pay a commitment fee ranging from 0.375% to 0.5%, based on the unutilized commitments. Euramax International is also required to pay customary letter of credit fees, including, without limitation, a letter of credit fee equal to the applicable margin on revolving credit LIBOR loans and fronting fees. | ||||||||
All obligations under the ABL Credit Facility are unconditionally guaranteed by Euramax Holdings, Euramax International, and substantially all of Euramax International's existing and future direct and indirect, wholly owned domestic restricted subsidiaries which are not borrowers. All obligations under the ABL Credit Facility are secured, subject to certain exceptions, by a first‑priority security interest in Euramax International's and the Guarantors' inventory and accounts receivable and related assets, referred to as the ABL Collateral, and a junior‑priority security interest in (i) substantially all of Euramax International's and the Guarantors' assets (other than inventory and accounts receivable and related assets, which assets secure the ABL Credit Facility on a first priority basis) and (ii) all of Euramax International's capital stock and the capital stock of each material domestic restricted subsidiary owned by Euramax International or a Guarantor and 65% of the voting capital stock and 100% of any non-voting capital stock of foreign restricted subsidiaries directly owned by Euramax International or a Guarantor, which we refer to collectively as the Notes Collateral. | ||||||||
The ABL Credit Facility contains affirmative and negative covenants customary for this type of financing, including, but not limited to certain financial covenants in the event excess availability is less than 12.5% of the lesser of the aggregate amount of commitments outstanding at such time and the borrowing base. As of December 31, 2013, Euramax International was required to meet a minimum consolidated fixed charge coverage ratio of at least 1.15:1.00 if excess availability fell below 12.5%. As of December 31, 2013, excess availability exceeded 12.5% of the borrowing base; therefore, Euramax International was not required to meet the minimum consolidated fixed charge coverage ratio. Additionally, restrictive covenants limit the ability of Euramax International and certain of its subsidiaries to incur liens, incur, assume or permit to exist additional indebtedness, guarantees and other contingent obligations, consolidate, merge or sell all or substantially all of their assets, pay dividends or make other distributions, make certain loans and investments, amend or otherwise alter the terms of documents related to certain of their indebtedness, enter into transactions with affiliates and prepay certain indebtedness, in each case, subject to exclusions, and other customary covenants. | ||||||||
Dutch Revolving Credit Facility | ||||||||
In February 2012, the Company's 100% owned subsidiary, Euramax Coated Products, B.V., entered into a revolving credit facility with Rabobank Roermond (the "Dutch Revolving Credit Facility"). The Dutch Revolving Credit Facility provides revolving credit financing of up to EUR 15 million and matures on April 1, 2016. Borrowings under the Dutch Revolving Credit Facility bear interest at a rate per annum which is the aggregate of the average one month Euribor rate over a calendar month plus a margin of 2% and requires payment of a commitment fee of 0.35% per annum on the nominal amount of the credit facility. All obligations under the Dutch Revolving Credit Facility are secured by a mortgage on the real estate of Euramax Coated Products, B.V., a pledge on present and future machinery and present and future accounts receivable balances of Euramax Coated Products, B.V. At December 31, 2013, $20.6 million was available to be drawn on the Dutch Revolving Credit Facility. | ||||||||
The Dutch Revolving Credit Facility contains financial and non-financial covenants customary for this type of financing. Financial covenants include, but are not limited to, a minimum annual EBITDA target and a minimum amount of risk-bearing capital for Euramax Coated Products, B.V., both measured at the Company's fiscal year end. The Dutch Revolving Credit Facility also contains a clause limiting further indebtedness. As of December 31, 2013, Euramax Coated Products, B.V. is in compliance with all covenants. | ||||||||
First Lien Credit Agreement | ||||||||
The Company's amended and restated first lien credit agreement (the “First Lien Credit Facility”) consisted of $525.3 million in term loans in the form of the Cash Pay Loan and the PIK Loan. The Cash Pay Loan and PIK Loan each included (i) a U.S. dollar term loan facility (the “U.S. Dollar Term Loan Facility”) and (ii) Euro and British pound sterling term loan facilities (together the “European Term Loan Facility”). Euramax International and Euramax International Holdings B.V. were the borrowers (collectively, the “U.S. Borrowers”) under the U.S. Dollar Term Loan Facility. The Company's subsidiaries Euramax Holdings Limited, Euramax Europe B.V. and Euramax Netherlands B.V. were the borrowers (collectively, the “European Borrowers”) under the European Term Loan Facility. Outstanding amounts under the First Lien Credit Facility totaling approximately $514.7 million were repaid in the first quarter of 2011 with the proceeds of our Notes and Senior Unsecured Loan Facility. The First Lien Credit Facility was terminated in March 2011. |
Fair_Value_Measurements
Fair Value Measurements | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||
Fair Value Disclosures | ' | |||||||||||||
Fair Value Measurements | ||||||||||||||
Recurring Fair Value Measurements | ||||||||||||||
In accordance with accounting principles generally accepted in the U.S., certain assets and liabilities are required to be recorded at fair value on a recurring basis. For the Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are derivative financial instruments. | ||||||||||||||
Derivative Financial Instruments | ||||||||||||||
The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company's financial performance and are referred to as "market risks." The Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risk managed by the Company through the use of derivative instruments is foreign currency exchange rate risk related to intercompany interest payments. The Company does not enter into derivative contracts for trading purposes. | ||||||||||||||
In 2013, the Company entered into forward contracts to buy or sell a quantity of a currency at a predetermined future date, and at a predetermined rate or price to mitigate uncertainty and volatility, and to cover underlying exposures to certain payments in currencies other than the functional currency. The Company has not designated these contracts for hedge accounting treatment and, therefore, the gains and losses on these contracts are recorded in other income (loss), net in the consolidated statement of operations. In fiscal years 2013, 2012, and 2011, the Company recognized a loss of $0.4 million, a loss of $0.3 million, and a gain of $0.6 million, respectively, related to these forward contracts. | ||||||||||||||
As of December 31, 2013 and December 31, 2012, derivatives totaling approximately $(0.2) million and $(0.2) million are carried at fair value in the consolidated balance sheets in the line item accrued expenses. The Company has determined that the fair value of the foreign exchange contracts are level 2 measurements in the fair value hierarchy. To measure the fair value of the foreign exchange contracts, the Company obtained quotations from financial institutions. The total notional value of derivatives related to foreign exchange contracts of this type as of December 31, 2013 and December 31, 2012, totaled approximately $9.4 million and $9.0 million, respectively. | ||||||||||||||
The following table summarizes the effect of the Company's derivative instruments on the consolidated statements of operations for the years ended December 31, 2013, December 31, 2012, and December 30, 2011: | ||||||||||||||
Amount of Pretax Loss | ||||||||||||||
(Income) Recognized in Earnings | ||||||||||||||
Year Ended | ||||||||||||||
Location of Loss (Income) | December 31, 2013 | December 31, 2012 | December 30, 2011 | |||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||
Foreign exchange contracts | Other loss (income) | $ | 364 | $ | 289 | $ | (613 | ) | ||||||
Nonrecurring Fair Value Measurements | ||||||||||||||
In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis as required by accounting principles generally accepted in the U.S. Generally, adjustments made to record assets at fair value on a nonrecurring basis are the result of impairment charges. | ||||||||||||||
In the first quarter of 2013, the Company recorded losses of approximately $1.6 million in other operating charges related to the reclassification of land and buildings to assets held for sale. These losses, incurred as part of the Company's restructuring activities in the European Engineered Products segment, represent the difference between the carrying value prior to the reclassification and the fair value. The fair value of assets held for sale was determined based on the selling price less costs incurred to sell and was classified as Level 1 in the fair value hierarchy. The assets were sold during the second quarter of 2013 and no additional losses were recorded from the sale of the assets. | ||||||||||||||
In the fourth quarter of 2013, the Company recorded a loss of approximately $1.1 million in other operating charges related to the impairment of an in-process Enterprise Resource Planning (ERP) implementation at the European Engineered Products segment. The Company determined that previously capitalized software costs associated with the implementation should be impaired due to the decision to discontinue implementation of the related ERP. The project was previously included in the construction in progress balance within property, plant, and equipment, net, in the consolidated balance sheet and has been completely impaired as of December 31, 2013. | ||||||||||||||
The Company did not record any impairment charges related to assets measured at fair value on a nonrecurring basis during the year ended December 31, 2012 or December 30, 2011. | ||||||||||||||
Other Fair Value Disclosures | ||||||||||||||
The carrying amounts of cash and cash equivalents, receivables, accounts payable and accrued expenses, and loans and notes payable approximate their fair values because of the relatively short-term maturities of these instruments. | ||||||||||||||
The fair value of our long-term debt is estimated using Level 2 inputs based on dealer quoted prices for our debt instruments based on recent transactions obtained from various sources. As of December 31, 2013, the carrying amount and fair value of our Notes were $375.0 million and $375.0 million, respectively. As of December 31, 2012, the carrying amount and fair value of our Notes were $375.0 million and $348.8 million, respectively. | ||||||||||||||
The Company's financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and trade accounts receivable. The fair value of these financial instruments approximates their carrying value at December 31, 2013 and December 31, 2012. The Company places its cash and cash equivalents with high credit quality institutions. At times, such investments may be in excess of the Federal Deposit Insurance Corporation insurance limit; however, the Company believes that its credit risk exposure is not significant due to the high credit quality of the institutions. The Company routinely assesses the financial strength of its customers, monitors past due balances based on contractual terms, and generally does not require collateral. The Company has a concentration of credit risk with customers in the U.S. home improvement retail, U.S. and European RV, U.S. and European commercial construction and U.S. home improvement contractor industries. |
Common_Stock
Common Stock | 12 Months Ended |
Dec. 31, 2013 | |
Equity [Abstract] | ' |
Common Stock | ' |
Common Stock | |
The Company has authorized 1,200,000 shares consisting of 600,000 shares of Class A voting common stock, par value of one dollar ($1.00) per share, and 600,000 shares of Class B convertible restricted voting common stock, par value of one dollar ($1.00) per share. As of December 31, 2013, the Company had 194,852 issued and outstanding shares of Class A voting common stock with a par value of one dollar ($1.00) per share. Except with respect to voting rights, all shares of Class A voting common stock and Class B convertible restricted voting common stock are identical in all respects and entitle the holder thereof to the same rights, preferences and privileges, and are subject to the same qualifications, limitations and restrictions, all as described in the Company's Certificate of Incorporation. The ABL Credit Facility contains certain restrictions on the payment of cash dividends. | |
The holders of Class A voting common stock are entitled to one vote per share on all matters voted on by the Company's stockholders, and the holders of Class B convertible restricted voting common stock are generally entitled to one vote per ten (10) shares held on any matters to be voted on by the Company's stockholders, with exceptions as noted in the Company's Certificate of Incorporation. In addition, each share of Class B convertible common stock may be converted at any time into one share of Class A common stock at the option of the holder. | |
The Company is party to a stockholders agreement with the existing holders of its common stock. The stockholders agreement provides that stockholders holding a majority of the Company's outstanding stock must approve, among other things: (i) the Company's engagement in a public offering, (ii) amendment or restatement of the Company's charter or bylaws, (iii) any increase or decrease in the number of directors on the board and (iv) any actions, approval or agreement with respect to the foregoing provision. The agreement imposes transfer restrictions that control the manner in which the Company's stockholders may transfer their shares. The agreement also provides for preemptive rights. The preemptive rights do not apply in connection with a public offering. | |
In addition, the Company is party to a registration rights agreement with its existing shareholders. Under the registration rights agreement, a stockholder who holds "registrable securities" may request that the Company register such securities through a demand registration or a piggyback registration. Registrable securities include the common stock delivered to the Company's stockholders and common stock issued to management under our Executive Incentive Plan. |
Stock_Compensation
Stock Compensation | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Stock Compensation | ' | ||||||
Stock Compensation | |||||||
Employees of the Company have participated in various stock-based compensation plans. Restricted stock awards and restricted stock units have been granted under the plans. Participation in these plans is reflected as compensation to the Company's employees and is included in selling and general expenses in the consolidated statement of operations. Compensation is recorded based upon the estimated fair value of the award on the date of grant and is recognized on a straight-line basis over the period that the award vests. | |||||||
Restricted Stock Awards and Restricted Stock Units | |||||||
Effective September 24, 2009, the Company adopted the Euramax Holdings, Inc. Executive Incentive Plan (the "Plan"). Under the Plan, the Company reserved 21,737 restricted shares of Class A Common Stock for issuance to selected officers, directors and other key employees. To the extent that shares issued under the plan are forfeited or the award terminates, such shares may be reissued under the plan. The plan terminates on September 23, 2019. | |||||||
A summary of changes in unvested shares of restricted stock for the year ended December 31, 2013 are as follows: | |||||||
Number of | Weighted Average | ||||||
Shares | Grant Date | ||||||
Fair Value | |||||||
Outstanding at December 31, 2012 | 6,350 | $ | 658 | ||||
Granted | 2,100 | 453 | |||||
Vested | (4,227 | ) | 645 | ||||
Forfeited | (1,548 | ) | 668 | ||||
Outstanding at December 31, 2013 | 2,675 | $ | 512 | ||||
During 2013, the Company granted 1,600 shares of restricted stock awards and 500 restricted stock units to employees under the plan. During 2012, the Company granted 800 shares of restricted stock awards and 400 restricted stock units. The shares of restricted stock awards and restricted stock units vest ratably over four years based upon continued employment or immediately upon a change in control or termination of employment by reason of death or disability. Restricted stock units are required to be settled by the issuance of shares of the Company's common stock. Shares issued pursuant to the plan are subject to a stockholders agreement (the Stockholders Agreement) entered into in 2009. The Stockholders Agreement contains certain restrictions on the ability of stockholders to transfer common stock of the Company. The Stockholder Agreement also provides stockholders with customary tag-along rights and drag-along rights with respect to certain transfers of stock or equity securities of the Company and customary preemptive rights in connection with the issuance of common stock or equity securities by the Company. | |||||||
The fair value of restricted stock awards and restricted stock units was estimated on the date of grant based on the estimated fair value of the Company's Class A common stock determined using an income and market valuation analysis. The weighted average grant date fair value of the 2013, 2012, and 2011 grants were $453, $784 and $577 per share, respectively. During 2013, 2012, and 2011, the Company recognized expense of approximately $2.2 million, $3.0 million, and $3.0 million related to shares of restricted stock awards and restricted stock units. | |||||||
Determining the fair value of the Company's common stock requires making complex and subjective judgments. Accordingly, the Company performed valuations using an income and market approach for grants made during 2013 and 2012. The Company's income approach to valuation is based on a discounted future cash flow approach that uses its estimates of revenue, driven by assumed market growth rates, and estimated costs as well as appropriate discount rates. The Company's revenue forecasts are based on expected annual growth rates and other assumptions that are consistent with the plans and estimates the Company uses to manage the business. The Company applied discount rates of 11.0% and 10.3% in 2013 and 2012, respectively, to calculate the present value of its future cash flows, which was determined using the Capital Asset Pricing Model. The Company also applied a 25% lack of marketability discount, which accounts for the fact that private companies are less liquid than similar public companies, and a 20% minority interest discount. These discounts were estimated based on comparable market transactions and other analyses. | |||||||
As of December 31, 2013, the Company had approximately $1.0 million of unrecognized compensation cost related to stock-based compensation arrangements granted under the Plan. This cost is expected to be recognized as stock-based compensation expense over a weighted-average period of approximately 3 years. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Taxes | ' | |||||||||||
Income Taxes | ||||||||||||
The (benefit from) provision for income taxes is comprised of the following: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
United States | ||||||||||||
Federal | $ | (12,095 | ) | $ | 346 | $ | (116 | ) | ||||
State | 179 | 77 | 715 | |||||||||
Foreign | 201 | 72 | 1,913 | |||||||||
Total Current | (11,715 | ) | 495 | 2,512 | ||||||||
Deferred: | ||||||||||||
United States | ||||||||||||
Federal | 1,744 | 1,300 | 2,014 | |||||||||
State | (1,797 | ) | 212 | (399 | ) | |||||||
Foreign | (2,993 | ) | (3,730 | ) | (812 | ) | ||||||
Total Deferred | (3,046 | ) | (2,218 | ) | 803 | |||||||
$ | (14,761 | ) | $ | (1,723 | ) | $ | 3,315 | |||||
The U.S. and foreign components of loss from continuing operations before income taxes are as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
United States | $ | (22,438 | ) | $ | (21,215 | ) | $ | (55,991 | ) | |||
Foreign | (17,218 | ) | (17,276 | ) | (3,411 | ) | ||||||
$ | (39,656 | ) | $ | (38,491 | ) | $ | (59,402 | ) | ||||
Reconciliation of the differences between income taxes computed at the U.S. Federal statutory tax rate and the Company's income tax benefit follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Tax benefit at U.S. Federal statutory rate | $ | (13,880 | ) | $ | (13,472 | ) | $ | (20,791 | ) | |||
State income taxes, net of U.S. Federal income tax benefit | (1,052 | ) | 188 | 205 | ||||||||
Earnings taxed at rates different than the U.S. Federal statutory rate | (6,051 | ) | (6,271 | ) | (6,049 | ) | ||||||
Changes in enacted tax rates | 488 | (63 | ) | 135 | ||||||||
Change in valuation allowances | 16,722 | 16,310 | 24,689 | |||||||||
Impact of changes in uncertain tax positions | (12,179 | ) | 386 | 938 | ||||||||
Foreign dividends | — | — | 2,889 | |||||||||
Other, net | 1,191 | 1,199 | 1,299 | |||||||||
$ | (14,761 | ) | $ | (1,723 | ) | $ | 3,315 | |||||
At December 31, 2013 and December 31, 2012, the tax-effected temporary differences are as follows: | ||||||||||||
Asset (Liability) | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Current deferred tax assets | ||||||||||||
Accrued expenses | $ | 1,200 | $ | 609 | ||||||||
Accounts receivable | 595 | 879 | ||||||||||
Inventories | (2 | ) | (149 | ) | ||||||||
Other | 1,790 | 1,642 | ||||||||||
Valuation allowance | (3,608 | ) | (2,921 | ) | ||||||||
Total Current | (25 | ) | 60 | |||||||||
Non-current deferred tax liabilities | ||||||||||||
Property, plant, and equipment | (20,392 | ) | (24,714 | ) | ||||||||
Customer relationships | (19,991 | ) | (23,394 | ) | ||||||||
Net operating losses | 89,678 | 74,137 | ||||||||||
Other liabilities | (975 | ) | 316 | |||||||||
Other | 5,765 | 8,117 | ||||||||||
Valuation allowance | (72,978 | ) | (54,813 | ) | ||||||||
Total non-current | (18,893 | ) | (20,351 | ) | ||||||||
Total, net | $ | (18,918 | ) | $ | (20,291 | ) | ||||||
Total gross deferred tax assets were $72.7 million and $88.3 million as of December 31, 2013 and December 31, 2012, respectively. Total gross deferred tax liabilities were $15.0 million and $50.9 million as of December 31, 2013 and December 31, 2012, respectively. | ||||||||||||
Deferred taxes have not been provided on the undistributed earnings of foreign subsidiaries, which are considered to be permanently invested. It should be noted, however, that U.S. incremental tax has been provided on undistributed earnings because of certain U.S. deemed dividend inclusion rules. The Company has U.S. federal, U.S. state and foreign NOL carryforwards totaling approximately $143.3 million, $677.4 million and $39.0 million, respectively, which expire between 2013 and 2033. The Company's valuation allowance was $76.6 million and $57.7 million as of December 31, 2013 and December 31, 2012, respectively. All domestic NOLs and other operating loss carryforwards are potentially subject to certain statutory limitations on future use. | ||||||||||||
A reconciliation of the beginning and ending amount of world-wide valuation allowances is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | (57,734 | ) | $ | (46,323 | ) | $ | (20,027 | ) | |||
Additions | (18,852 | ) | (11,411 | ) | (26,296 | ) | ||||||
Reductions | — | — | — | |||||||||
Balance, end of year | $ | (76,586 | ) | $ | (57,734 | ) | $ | (46,323 | ) | |||
In 2013, 2012 and 2011, the Company recorded valuation allowances against certain of its deferred tax assets subsequent to analyzing recoverability of its net asset. The Company analyzed the four sources of taxable income described in ASC 740 and determined that a valuation allowance is required to reduce a portion of its U.S. and foreign deferred tax assets, as it is more likely than not that some portion of the deferred tax assets will not be realized. | ||||||||||||
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | (11,209 | ) | $ | (11,395 | ) | $ | (17,368 | ) | |||
Reductions for expiration of the applicable statute of limitations | 8,954 | — | — | |||||||||
Reductions for tax positions of prior years | 145 | 466 | — | |||||||||
Additions for tax positions of current year | — | (243 | ) | (2,067 | ) | |||||||
Additions for tax positions of prior years | — | — | (466 | ) | ||||||||
Reductions for tax positions of current year | — | — | 8,506 | |||||||||
Foreign currency translation | (82 | ) | (37 | ) | — | |||||||
Balance, end of year | $ | (2,192 | ) | $ | (11,209 | ) | $ | (11,395 | ) | |||
On December 31, 2013 and December 31, 2012, the gross amount of unrecognized tax benefits was $2.2 million and $11.2 million, respectively, exclusive of interest and penalties. As of December 31, 2013 and December 31, 2012, if we were to prevail on all unrecognized tax benefits, $2.2 million and $11.2 million, respectively, would have benefited the effective tax rate. | ||||||||||||
The Company recognizes interest and penalties related to unrecognized tax benefits in provision for income taxes in the consolidated statements of operations. The Company had approximately $0.2 million, $3.3 million and $2.9 million in interest accrued at December 31, 2013, December 31, 2012 and December 30, 2011, respectively. Interest and penalties recognized in 2013, 2012 and 2011 were a benefit of $3.2 million, an expense of $0.4 million and an expense of $0.4 million, respectively. | ||||||||||||
During the third quarter ended September 27, 2013, the statute of limitations expired for an uncertain tax position taken in a prior year. As a result, the Company recognized $9.0 million in previously unrecognized tax benefit and an additional $3.2 million related to the reversal of accrued interest and penalties associated with the position. | ||||||||||||
During the next 12 months, the Company does not expect to have any significant reversal of gross unrecognized tax benefits. The Company files income tax returns in the U.S. federal and state and local jurisdictions, and in the UK, Canada, the Netherlands, and France. Under the generally accepted statute of limitation rules, the Company is not subject to changes in income taxes by any taxing jurisdiction for years prior to 2010. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
Changes in accumulated other comprehensive income (loss) by component for the year ended December 31, 2013 were as follows: | |||||||||||||
Foreign Currency Translation Adjustments | Defined Benefit Pension Plan Adjustments | Total | |||||||||||
Balance, beginning of period | $ | 20,096 | $ | (9,291 | ) | $ | 10,805 | ||||||
Other comprehensive income (loss) before reclassifications | (815 | ) | 603 | (212 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 328 | 328 | ||||||||||
Net other comprehensive income (loss) | (815 | ) | 931 | 116 | |||||||||
Balance, end of period | $ | 19,281 | $ | (8,360 | ) | $ | 10,921 | ||||||
Amounts reclassified from the defined benefit pension plan adjustments component of accumulated other comprehensive income (loss) were recorded in selling and general expenses within the condensed consolidated statement of operations. There were no net tax effects related to the reclassification as a result of the full valuation allowances in the U.S. and UK. The tax effect in the current year is a result of other comprehensive income in the U.S. in 2013. The accumulated tax effect related to the defined benefit pension plan adjustments component of accumulated other comprehensive income (loss) was a provision of $(0.3) million and a benefit of $0.9 million as of December 31, 2013 and December 31, 2012. There are no tax impacts related to the foreign currency translation adjustment component of accumulated other comprehensive income (loss) as the earnings of subsidiaries are considered to be permanently invested. |
Employee_Benefit_Plans
Employee Benefit Plans | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Employee Benefit Plans | ' | |||||||||||||||||||||||||||||||
Employee Benefit Plans | ||||||||||||||||||||||||||||||||
Retirement Plans | ||||||||||||||||||||||||||||||||
Defined Benefit | ||||||||||||||||||||||||||||||||
The Company maintains a non-contributory defined benefit pension plan covering substantially all U.S. hourly employees (the U.S. Plan) employed as of April 3, 2010. In addition, the employees at Euramax Coated Products Limited and Ellbee Limited participate in a single employer pension plan (the UK Plan). The measurement date for the U.S. and UK plans is the last day of the fiscal year. The Company curtailed the accrual of participant benefits provided under the UK Plan effective March 31, 2009. This curtailment did not affect the timing for the payment of benefits earned under the UK Plan through the curtailment date. In January 2010, the Company's board of directors approved a motion to freeze future benefit accruals under the U.S. Plan. The impact on the Company's projected benefit obligation was not significant. | ||||||||||||||||||||||||||||||||
The following table sets forth the reconciliations of the change in projected benefit obligations and plan assets, the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
US | UK | US | UK | |||||||||||||||||||||||||||||
Change in benefit obligation: | ||||||||||||||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 13,052 | $ | 48,215 | $ | 11,778 | $ | 45,695 | ||||||||||||||||||||||||
Service cost | 64 | — | 59 | — | ||||||||||||||||||||||||||||
Interest cost | 519 | 2,046 | 513 | 2,371 | ||||||||||||||||||||||||||||
Actuarial (gain) loss | (1,648 | ) | 732 | 988 | 60 | |||||||||||||||||||||||||||
Benefits paid | (387 | ) | (1,933 | ) | (286 | ) | (1,995 | ) | ||||||||||||||||||||||||
Currency translation adjustment | — | 969 | — | 2,084 | ||||||||||||||||||||||||||||
Projected benefit obligation at end of year | 11,600 | 50,029 | 13,052 | 48,215 | ||||||||||||||||||||||||||||
Accumulated benefit obligation at end of year | 11,600 | 50,029 | 13,052 | 48,215 | ||||||||||||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||||||||||
Fair value of plan assets at beginning of year | 7,897 | 29,427 | 7,185 | 26,109 | ||||||||||||||||||||||||||||
Actual gain (loss) on plan assets | 1,744 | (200 | ) | 854 | 1,524 | |||||||||||||||||||||||||||
Expected return on assets | — | 1,661 | — | 1,680 | ||||||||||||||||||||||||||||
Employer contributions | 75 | 626 | 178 | 872 | ||||||||||||||||||||||||||||
Administrative expenses | (39 | ) | — | (34 | ) | — | ||||||||||||||||||||||||||
Benefits paid | (387 | ) | (1,933 | ) | (286 | ) | (1,995 | ) | ||||||||||||||||||||||||
Currency translation adjustment | — | 570 | — | 1,237 | ||||||||||||||||||||||||||||
Fair value of plan assets at end of year | 9,290 | 30,151 | 7,897 | 29,427 | ||||||||||||||||||||||||||||
Funded status | $ | (2,310 | ) | $ | (19,878 | ) | $ | (5,155 | ) | $ | (18,788 | ) | ||||||||||||||||||||
Amounts recognized in the consolidated balance sheets: | ||||||||||||||||||||||||||||||||
Other liabilities | $ | (2,310 | ) | $ | (19,878 | ) | $ | (5,155 | ) | $ | (18,788 | ) | ||||||||||||||||||||
Pre-tax amounts in accumulated other comprehensive income not yet recognized as components of net periodic pension cost are as follows: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Net actuarial loss | $ | (8,115 | ) | $ | (10,134 | ) | ||||||||||||||||||||||||||
Net amounts recognized in balance sheets | $ | (8,115 | ) | $ | (10,134 | ) | ||||||||||||||||||||||||||
Amounts in accumulated other comprehensive income expected to be recognized as components of net periodic pension costs in 2014 are not significant. | ||||||||||||||||||||||||||||||||
Pre-tax amounts recognized in other comprehensive income consist of the following: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Net actuarial (loss) gain | $ | 2,730 | $ | (972 | ) | $ | (743 | ) | $ | 1,483 | $ | (2,448 | ) | $ | (3,300 | ) | ||||||||||||||||
Amortization of actuarial loss | 292 | 36 | 252 | 92 | 43 | — | ||||||||||||||||||||||||||
Adjustment (currency loss) | — | — | — | — | — | (25 | ) | |||||||||||||||||||||||||
Total recognized in other comprehensive income (loss) | $ | 3,022 | $ | (936 | ) | $ | (491 | ) | $ | 1,575 | $ | (2,405 | ) | $ | (3,325 | ) | ||||||||||||||||
The Company expects to contribute approximately $0.4 million and $2.0 million to its U.S. and UK plans, respectively, during fiscal 2014. | ||||||||||||||||||||||||||||||||
Weighted average assumptions used in computing the benefit obligations are as follows: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
US | UK | US | UK | |||||||||||||||||||||||||||||
Weighted-average assumptions | ||||||||||||||||||||||||||||||||
Discount rate | 4.9 | % | 4.5 | % | 4.01 | % | 4.5 | % | ||||||||||||||||||||||||
Weighted average assumptions used in computing net periodic pension cost are as follows: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Weighted-average assumptions | ||||||||||||||||||||||||||||||||
Discount rate | 4.01 | % | 4.5 | % | 4.4 | % | 4.9 | % | 5.57 | % | 5.4 | % | ||||||||||||||||||||
Rate of compensation increases | — | — | — | — | — | — | ||||||||||||||||||||||||||
Expected long-term rate of return on plan assets | 8 | % | 6.17 | % | 8 | % | 6.47 | % | 8 | % | 6.78 | % | ||||||||||||||||||||
Net periodic pension cost for the plans includes the following components: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Components of net periodic pension cost | ||||||||||||||||||||||||||||||||
Service cost | $ | 64 | $ | — | $ | 59 | $ | — | $ | 59 | $ | — | ||||||||||||||||||||
Interest cost | 519 | 2,046 | 513 | 2,371 | 510 | 2,381 | ||||||||||||||||||||||||||
Expected return on assets | (623 | ) | (1,661 | ) | (576 | ) | (1,680 | ) | (555 | ) | (1,847 | ) | ||||||||||||||||||||
Amortization of actuarial loss | 292 | 36 | 252 | 92 | 43 | — | ||||||||||||||||||||||||||
Total Company defined benefit net periodic pension cost | 252 | 421 | 248 | 783 | 57 | 534 | ||||||||||||||||||||||||||
Multi-employer benefit expense | 1,158 | — | 1,303 | — | 1,247 | — | ||||||||||||||||||||||||||
Multi-employer pension withdrawal penalty | — | — | 39 | — | 1,200 | — | ||||||||||||||||||||||||||
Net periodic pension cost | $ | 1,410 | $ | 421 | $ | 1,590 | $ | 783 | $ | 2,504 | $ | 534 | ||||||||||||||||||||
The following table sets forth the actual asset allocation for the plans as of December 31, 2013, December 31, 2012, and December 30, 2011 and the target asset allocation for the plans: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | Target | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | US | UK | |||||||||||||||||||||||||
Equity securities | 71 | % | — | % | 66 | % | — | % | 42 | % | 62 | % | 55 | % | — | % | ||||||||||||||||
Debt securities | 18 | % | 36 | % | 22 | % | 36 | % | 23 | % | 37 | % | 19 | % | 35 | % | ||||||||||||||||
Cash and cash equivalents | 1 | % | — | % | 1 | % | 1 | % | 27 | % | 1 | % | 3 | % | — | % | ||||||||||||||||
Investment funds | 10 | % | 64 | % | 11 | % | 63 | % | 8 | % | — | % | 23 | % | 65 | % | ||||||||||||||||
To develop the expected long-term rate of return on assets assumption, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension portfolio. | ||||||||||||||||||||||||||||||||
The investment strategy of the plans is to ensure, over the long-term life of the plan, an adequate pool of assets along with contributions by the Company to support the benefit obligations to participants, retirees, and beneficiaries. The Company desires to achieve market returns consistent with a prudent level of diversification. All investments are made solely in the interest of each plan's participants and beneficiaries for the exclusive purposes of providing benefits to such participants and their beneficiaries and defraying the expenses related to administering the plan. The target allocation of all assets is to reflect proper diversification in order to reduce the potential of a single security or single sector of securities having a disproportionate impact on the portfolio. The Company utilizes an outside investment consultant and investment manager to implement its investment strategy. Plan assets are generally invested in liquid funds that are selected to track broad market equity and bond indices. Investment performance of plan assets is reviewed semi-annually and the investment objectives are evaluated over rolling four year time periods. | ||||||||||||||||||||||||||||||||
The following table presents the fair value of the U.S. Plan pension assets classified under the appropriate level of fair value hierarchy as of December 31, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Asset Category | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Cash and cash equivalents(a) | $ | 88 | $ | — | $ | — | $ | 88 | $ | 125 | $ | — | $ | — | $ | 125 | ||||||||||||||||
Equity securities | ||||||||||||||||||||||||||||||||
U.S Equities (b) | 5,245 | — | — | 5,245 | 4,002 | — | — | 4,002 | ||||||||||||||||||||||||
Global Equities (c) | 1,298 | — | — | 1,298 | 1,191 | — | — | 1,191 | ||||||||||||||||||||||||
Debt securities (d) | 1,699 | — | — | 1,699 | 1,716 | — | — | 1,716 | ||||||||||||||||||||||||
Investment funds (e) | 960 | — | — | 960 | 863 | — | — | 863 | ||||||||||||||||||||||||
Total U.S. Plan Assets | $ | 9,290 | $ | — | $ | — | $ | 9,290 | $ | 7,897 | $ | — | $ | — | $ | 7,897 | ||||||||||||||||
(a) | Cash and cash equivalents consists of a short term investment in marketable securities valued at cost. | |||||||||||||||||||||||||||||||
(b) | U.S. equities consist of exchange traded funds valued at closing price on the active market which they are traded. | |||||||||||||||||||||||||||||||
(c) | Global equities consist of mutual funds invested in international equities. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on quoted market prices for underlying equities. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(d) | Debt securities consist of mutual funds invested in fixed income securities. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on market value of the underlying assets. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(e) | Investment funds consist of balanced equity and debt mutual funds. The value is based on net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on the market value of the underlying assets. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
The following table presents the fair value of the UK Plan pension assets classified under the appropriate level of fair value hierarchy as of December 31, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Asset Category | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Cash and cash equivalents (f) | $ | 180 | $ | — | $ | — | $ | 180 | $ | 286 | $ | — | $ | — | $ | 286 | ||||||||||||||||
Debt securities (g) | 10,805 | — | — | 10,805 | 10,702 | — | — | 10,702 | ||||||||||||||||||||||||
Investment Funds (h) | 9,891 | 9,275 | — | 19,166 | 9,541 | 8,898 | — | 18,439 | ||||||||||||||||||||||||
Total UK Plan Assets | $ | 20,876 | $ | 9,275 | $ | — | $ | 30,151 | $ | 20,529 | $ | 8,898 | $ | — | $ | 29,427 | ||||||||||||||||
(f) | Cash and cash equivalents consists of cash held in bank accounts and short term investments valued at cost. | |||||||||||||||||||||||||||||||
(g) | Debt securities consist of a mutual fund invested in corporate bonds. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on market prices for underlying assets. The fund has regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(h) | Investment Funds consist of mutual and pooled pension funds. The value is based on the net asset value of the fund divided by the number of shares outstanding. The net asset value is based on market prices for underlying assets. The funds have regularly available pricing. The funds are classified as Level 1 or Level 2 based on the volume of market activity. | |||||||||||||||||||||||||||||||
Total benefit payments expected to be paid to participants from the plans are as follows: | ||||||||||||||||||||||||||||||||
Expected Benefit | ||||||||||||||||||||||||||||||||
Payments | ||||||||||||||||||||||||||||||||
US | UK | |||||||||||||||||||||||||||||||
2014 | $ | 263 | $ | 1,725 | ||||||||||||||||||||||||||||
2015 | 300 | 1,854 | ||||||||||||||||||||||||||||||
2016 | 339 | 1,884 | ||||||||||||||||||||||||||||||
2017 | 379 | 1,998 | ||||||||||||||||||||||||||||||
2018 | 438 | 2,113 | ||||||||||||||||||||||||||||||
2019 - 2023 | 3,168 | 12,156 | ||||||||||||||||||||||||||||||
Multi-employer Benefit Plans | ||||||||||||||||||||||||||||||||
The Company makes contributions to two multi-employer defined benefit pension plans based on obligations under collective bargaining agreements covering employees in our Feasterville, Pennsylvania and Ivyland, Pennsylvania locations. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects: | ||||||||||||||||||||||||||||||||
a) Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers. | ||||||||||||||||||||||||||||||||
b) If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. | ||||||||||||||||||||||||||||||||
c) If the Company chooses to stop participating in one of its multiemployer plans, it may be required to pay the plan an amount based on the underfunded status of the plan, referred to as withdrawal liability. | ||||||||||||||||||||||||||||||||
Withdrawal Activity | ||||||||||||||||||||||||||||||||
In prior years, the Company made payments based on hours worked into a multi-employer pension trust established for the benefit of certain collective bargaining employees in our Romeoville, Illinois location. During the second quarter of 2011, the Company announced plans to move its operations in Romeoville, IL to its existing facility in Nappanee, IN. This move, intended to reduce fixed overhead costs, triggered an early withdrawal from the Central States, Southeast and Southwest Areas Pension Plan benefiting hourly employees at the Romeoville facility. As a result, the Company recorded a $1.2 million charge in its U.S. Residential Products segment for liabilities associated with this withdrawal. The liability represents the present value of future payments for the Company's proportionate share of unfunded vested benefits under the multiemployer plan. The Company received notification of the final assessment from the plan trustee in July 2012. The total withdrawal liability was determined to be $1.2 million and will be settled over a 20 year period. Total contributions to the Central States, Southeast and Southwest Areas Pension Plan were not significant in 2011 . | ||||||||||||||||||||||||||||||||
Plan Contributions | ||||||||||||||||||||||||||||||||
The Company’s participation in these plans for the annual period ended December 31, 2013, is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employee Identification Number (EIN) and the three-digit plan number, if applicable. Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 2013 and 2012 is for the plan’s year-end as of December 31, 2012 and December 30, 2011, respectively. The zone status is based on information the Company received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. This last column lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject. The Company's contributions to the Teamsters Pension Trust Fund of Philadelphia and Vicinity have not exceeded 5 percent of total plan contributions for the fiscal years 2013, 2012 or 2011. The Company's contributions to the Warehouse Employees Local 169 and Employers Joint Pension Fund exceeded 5 percent in 2013, 2012 and 2011. | ||||||||||||||||||||||||||||||||
Pension | Company Contributions (in thousands) | |||||||||||||||||||||||||||||||
Protection Act Zone Status | Expiration of Collective Bargaining Agreement | |||||||||||||||||||||||||||||||
Plan Name | EIN/Pension Plan Number | 2013 | 2012 | FIP/RP Status Implemented | 2013 | 2012 | 2011 | Surcharge Imposed | ||||||||||||||||||||||||
Teamsters Pension Trust Fund of Philadelphia and Vicinity (1) | 23-1511735/001 | Yellow | Yellow | Implemented | $ | 220 | $ | 213 | $ | 211 | No | 12/31/15 | ||||||||||||||||||||
Warehouse Employees Local 169 and Employers Joint Pension Fund | 23-6230368/001 | Red | Red | Implemented | $ | 938 | $ | 955 | $ | 1,036 | Yes | 12/31/17 | ||||||||||||||||||||
Total contributions | $ | 1,158 | $ | 1,168 | $ | 1,247 | ||||||||||||||||||||||||||
(1) The Trustees of the Teamsters Pension Trust Fund of Philadelphia and Vicinity elected to apply the special amortization and special asset valuation provisions provided for under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PRA 2010) for Plan Years beginning January 1, 2009 and later. The special amortization rule allows that portion of the plan’s experience loss attributable to net investment losses incurred in the year ended December 31, 2008 to be amortized over a 30-year period rather than a 15-year period. The special asset valuation rule allows the recognition of investment losses in the year ended December 31, 2008 to be spread over a 10-year period rather than a 5-year period. | ||||||||||||||||||||||||||||||||
Supplemental Executive Retirement Plan | ||||||||||||||||||||||||||||||||
The Company has a supplemental retirement plan for certain named members of management. At December 31, 2013 and December 31, 2012 the accrued liability for future benefits under the plan was $0.2 million and $0.4 million, respectively. This liability is recorded in other liabilities in the consolidated balance sheets. Benefits expense in 2013, 2012 and 2011 was not significant. Amounts recognized in or reclassified from other comprehensive income (loss) related to the Supplemental Executive Retirement Plan were not significant for 2013, 2012, or 2011. | ||||||||||||||||||||||||||||||||
Defined Contribution | ||||||||||||||||||||||||||||||||
The Company maintains two defined contribution retirement and savings plans for U.S. employees, which allow the employees to contribute a percentage of their pretax and/or after-tax income in accordance with specified guidelines. The Company matches a certain percentage of employee pre-tax contributions up to certain limits. Further, the plans provide for discretionary contributions by the Company based on years of service and age. The Company's expense in 2013, 2012 and 2011 was $0.7 million, $0.6 million and $0.6 million, respectively. | ||||||||||||||||||||||||||||||||
The Company also contributes to various defined contribution plans for European employees. Total contributions under these plans in 2013, 2012, and 2011 totaled $2.2 million, $2.2 million and $2.1 million, respectively. | ||||||||||||||||||||||||||||||||
Incentive Plans | ||||||||||||||||||||||||||||||||
The Company has an incentive compensation plan that covers key employees. The costs of the plan are computed in accordance with a formula that incorporates EBITDA (as defined in the plan) and return on average net assets. Compensation expense recorded under the plan in 2013, 2012, and 2011 was not significant. | ||||||||||||||||||||||||||||||||
In May 2011, the Company established the Phantom Stock Plan (the "Plan”) to provide a limited number of key employees a long term monetary incentive based on the financial condition and performance of the Company. The Plan allows for a maximum of 5,000 Phantom Shares, of which 1,104 and 386 units were granted during 2013 and 2012, respectively. Under the Plan, participants are granted Phantom Shares which entitle the participant to receive payments in cash which are determined based on the Company's earnings and outstanding debt as of the measurement date. In December 2012, the measurement date was amended from the original measurement date of December 31, 2013 to December 31, 2015. No other changes or amendments to the plan were made. Payments are to be made in two equal installments as of the last day of the first quarter of 2016 and 2017. Participants must be employed on the date of payout to be eligible for the cash reward. At each reporting date, the Company updates the liability related to this award based on grants, forfeitures, and other inputs, as applicable, which may result in recognition of additional expense or benefit. The Company determined as of December 31, 2013, the liability related to the Plan no longer met the probability threshold required by generally accepted accounting principles for recognition in the financial statements. As a result, previously recorded compensation expense of $2.4 million was reversed within selling, general, and administrative expenses during the fourth quarter of 2013. Total compensation expense related to the Plan recorded in fiscal year 2013 was a benefit of $1.6 million and total compensation expense recorded in 2012 and 2011 were $0.3 million and $1.3 million, respectively. As of December 31, 2012, the associated liability was recorded within other liabilities on the consolidated balance sheet. The Company believes payout related to the Plan remains reasonably possible and the likely range is from $1.1 million to $1.3 million. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Commitments and Contingencies | ' | |||||||||||
Commitments and Contingencies | ||||||||||||
Minimum commitments under long-term non-cancelable operating leases, principally for equipment and facilities at December 31, 2013, were as follows: | ||||||||||||
2014 | $ | 7,260 | ||||||||||
2015 | 5,876 | |||||||||||
2016 | 3,844 | |||||||||||
2017 | 2,823 | |||||||||||
2018 | 2,308 | |||||||||||
Thereafter | 14,723 | |||||||||||
$ | 36,834 | |||||||||||
Rent expense under operating leases amounted to $11.8 million, $11.6 million, and $12.5 million for the years 2013, 2012, and 2011, respectively. | ||||||||||||
Raw Material Commitments | ||||||||||||
The Company's primary raw materials are aluminum and steel coil. Because changes in aluminum and steel prices are generally passed through to customers, increases or decreases in aluminum and steel prices generally cause corresponding increases and decreases in reported net sales, causing fluctuations in reported revenues that are unrelated to the level of business activity. However, if the Company is unable to pass through aluminum and steel price changes to customers in the future, it could be materially adversely affected. Although the Company believes there is sufficient supply in the marketplace to competitively source all of its aluminum and steel needs without reliance on any particular supplier, any major disruption in the supply and/or price of aluminum and steel could have a material adverse effect on the Company's business and financial condition. | ||||||||||||
To ensure a margin on specific customer orders, the Company may commit to purchase aluminum ingot or coil at a fixed market price for future delivery. At December 31, 2013, such fixed price purchase commitments were approximately $15.7 million for 2014 sales. These contracts are for normal purchases and sales, and therefore are not required to be accounted for as derivatives. | ||||||||||||
Litigation | ||||||||||||
The Company is currently party to legal proceedings that have arisen in the ordinary course of business. The Company has and will continue to vigorously defend itself in these matters. It is the opinion of the Company's management, based upon information available at this time, that the expected outcome of all matters to which the Company is currently a party, would not reasonably be expected to have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company taken as a whole. | ||||||||||||
Environmental Matters | ||||||||||||
The Company's operations are subject to federal, state, local and European environmental laws and regulations, including those concerning the management of pollution and hazardous substances.In connection with the acquisition of the Company from Alumax Inc. (which was acquired by Aluminum Company of America in May 1998, and hereafter referred to as Alumax) on September 25, 1996, the Company was indemnified by Alumax for substantially all of its costs, if any, related to specifically identified environmental matters arising prior to the closing date of the acquisition during the period of time it was owned directly or indirectly by Alumax. Such indemnification includes costs that may ultimately be incurred to contribute to the remediation of eleven specified existing National Priorities List (NPL) sites for which the Company had been named a potentially responsible party under the federal Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") as of the closing date of the acquisition from Alumax, as well as certain potential costs for nine sites to which the Company may have sent waste for disposal. The Company does not believe that it has any probable liability for significant environmental claims. Further, the Company believes it to be unlikely that the Company would be required to bear environmental costs in excess of its pro rata share of such costs as a potentially responsible party at any site. Any receivable for recoveries under the indemnification would be recorded separately from the corresponding liability when the environmental claim and related recovery is determined to be probable. In addition, the Company establishes reserves for remedial measures required from time to time at its own facilities. Management believes that the reasonably probable outcomes of these matters will not be material. The Company's reserves, expenditures, and expenses for all environmental exposures were not significant as of any of the dates or for any of periods presented. | ||||||||||||
Product Warranties | ||||||||||||
The Company provides warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. The Company provides accruals for warranties based on historical experience and expectations of future occurrence. Changes in the product warranty accrual are summarized follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 5,098 | $ | 5,050 | $ | 5,561 | ||||||
Payments made or service provided | (3,480 | ) | (2,849 | ) | (4,340 | ) | ||||||
Warranty expense | 3,639 | 2,948 | 3,445 | |||||||||
Foreign currency translation | 69 | (51 | ) | 384 | ||||||||
Balance, end of year | $ | 5,326 | $ | 5,098 | $ | 5,050 | ||||||
Collective Bargaining | ||||||||||||
As of December 31, 2013, approximately 10.1% of the Company's labor force is represented by collective bargaining agreements and 26.9% of the labor force is represented by work councils. Additionally, as of December 31, 2013, the Company is party to no expired collective bargaining agreements that are currently being negotiated. Approximately 1.7% of the Company's labor force is covered by a collective bargaining agreement that will expire within one year. |
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions | ' |
Related-Party Transactions | |
Senior Unsecured Loan Facility | |
In March 2011, Euramax Holdings, Euramax International and certain of our domestic subsidiaries entered into the Senior Unsecured Loan Facility with investment funds affiliated with Highland Capital Management, L.P. and Levine Leichtman Capital Partners, our two largest shareholders, as lenders. The amount outstanding under the Senior Unsecured Loan Facility as of December 31, 2013, and the maximum amount outstanding during 2013, was $125 million. Total interest on the Senior Unsecured Loan Facility for 2013, 2012, and 2011 totaled $15.3 million, $15.6 million and $12.2 million, respectively. For a description of the terms of the Senior Unsecured Loan Facility, refer to Note 5 Long-Term Debt. |
Other_Operating_Charges
Other Operating Charges | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Other Operating Charges [Abstract] | ' | |||||||||||
Other Operating Charges | ' | |||||||||||
Other Operating Charges | ||||||||||||
Other operating charges incurred by operating segment were as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, 2013 | December 31, 2012 | December 30, 2011 | ||||||||||
U.S. Residential Products | $ | 289 | $ | 590 | $ | 1,027 | ||||||
U.S. Commercial Products | 621 | 290 | 893 | |||||||||
European Roll Coated Aluminum | 497 | 683 | — | |||||||||
European Engineered Products | 5,472 | 3,406 | 682 | |||||||||
Other non-allocated | 2,286 | 1,456 | 5,802 | |||||||||
Total other operating charges | $ | 9,165 | $ | 6,425 | $ | 8,404 | ||||||
For the year ended December 31, 2013 | ||||||||||||
Other operating charges are comprised of restructuring initiatives, facility closures, acquisition related costs and other operational initiatives. For the year ended December 31, 2013, other operating charges totaled $9.2 million. Other operating charges in the European Engineered Products segment totaled $5.5 million primarily related to the relocation and consolidation of multiple plant facilities in the UK into one operating facility. These costs included $1.9 million of severance and relocation, a $1.6 million loss on the sale of land and buildings, a $1.1 million impairment of capitalized software costs as a result of the decision to abandon the implementation of an Enterprise Resource Planning System that did not align with the Company's relocation and consolidation activities and $0.9 million represents severance costs for various social programs in France. | ||||||||||||
Non-allocated other operating charges consisted primarily of $2.0 million related to the transition services agreement and various other expenses related to the resignation of the Company's chief executive officer in November 2013. | ||||||||||||
The remaining $1.7 million of other operating charges primarily consisted of severance and relocation costs in both the U.S. and Europe related to various organizational initiatives to reduce operating costs and improve efficiencies. | ||||||||||||
For the year ended December 31, 2012 | ||||||||||||
For the year ended December 31, 2012, other operating charges of $6.4 million were primarily comprised of $3.4 million in restructuring and relocation initiatives in the European Engineered Products segment, including $3.2 million in severance and relocation charges related to the relocation of multiple plant facilities in the UK into one operating location and $0.2 million of severance charges for various social programs in France. Other operating charges also included $1.7 million of severance and relocation in both the U.S. and Europe related to cost savings initiatives and restructuring activities, $1.0 million of legal and professional fees related to the Company's North America reorganization and $0.3 million of costs related to the acquisition of Cleveland Tubing, Inc. | ||||||||||||
For the year ended December 30, 2011 | ||||||||||||
For the year ended December 30, 2011, other operating charges of $8.4 million were primarily comprised of $4.1 million related to restructuring initiatives including facility closures, relocation, and severance costs intended to reduce overhead and streamline operations. Also, tax consulting and legal and professional fees of $2.9 million were incurred related to the debt refinancing, registration of the Notes with the SEC and other capital market activities. These initiatives removed restrictive financial covenants, significantly reduced interest costs, and provided extended maturity dates. The remaining $1.2 million represents tax consulting and legal and professional fees related to the restructuring and simplification of the legal entity structure in Europe. |
Segment_Information
Segment Information | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Segment Information | ' | |||||||||||||||||||||||||||
Segment Information | ||||||||||||||||||||||||||||
The Company manages its business and serves its customers through reportable segments differentiated by product type, end market, and geography. | ||||||||||||||||||||||||||||
The Company's four reportable segments are described below: | ||||||||||||||||||||||||||||
U.S. Residential Products—The U.S. Residential Products segment utilizes aluminum, steel, copper and vinyl to produce residential roof drainage products, including preformed gutters, downspouts, elbows, soffit, drip edge, fascia, flashing, snow guards and related accessories. These products are used primarily for the repair, replacement or enhancement of residential roof drainage systems. The Company sells these products to home improvement retailers, lumber yards, distributors and contractors from manufacturing and distribution facilities throughout North America. The Company also produces specialty made-to-order vinyl replacement windows and aluminum patio and awning components sold primarily to home improvement contractors in the western U.S. | ||||||||||||||||||||||||||||
U.S. Commercial Products—The U.S. Commercial Products segment utilizes various materials, including steel coil, aluminum coil and fiberglass to create various products with commercial applications, including roofing and siding panels, ridge caps, flashing, trim, soffit and other accessories as well as sidewall components, siding and other exterior components for the towable RV, cargo and manufactured housing markets. The Company sells these products to builders, contractors, lumber yards, home improvement retailers, OEMs, and RV manufacturers from manufacturing and distribution facilities located throughout the U.S. These products are used in the construction of a wide variety of small scale commercial, agricultural and industrial building types on either wood or metal frames, manufactured homes, and towable RVs. | ||||||||||||||||||||||||||||
European Roll Coated Aluminum—The European Roll Coated Aluminum segment uses a roll coating process to apply paint to bare aluminum coil and, to a lesser extent, bare steel coil in order to produce specialty coated coil, which the Company also processes into specialty coated sheets and panels. The Company sells these products to building panel manufacturers, contractors and UK “holiday home,” RV and transportation OEMs throughout Europe and in parts of Asia. The Company’s customers use its specialty coated metal products to manufacture, among other things, RV sidewalls, commercial roofing panels, interior ceiling panels, and liner panels for shipping containers. The Company produces and distributes these roll coated products from facilities located in the Netherlands and the UK. | ||||||||||||||||||||||||||||
European Engineered Products—The European Engineered Products segment utilizes aluminum and vinyl extrusions to produce residential windows, doors and shower enclosures. These products are sold to home improvement retailers, distributors and factory‑built “holiday home” builders in the UK. The Company also produces windows used in the operator compartments of heavy equipment, components sold to suppliers to automotive OEMs in Western Europe and RV doors. The Company produces and distributes these engineered products from facilities in France and the UK and has developed extensive in-house manufacturing capabilities, including powder coating, glass cutting, anodizing and glass toughening. | ||||||||||||||||||||||||||||
The accounting policies for segments are the same as those described in Note 1. The Company evaluates the performance of its segments and allocates resources to them based primarily on segment income (loss) from operations. Expenses, income and assets that are not segment specific relate to holding company and business development activities conducted for the overall benefit of the Company and, accordingly, are not attributable to the Company's segments. | ||||||||||||||||||||||||||||
The following table presents information about reported segments for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||||||||||||||||||
U.S. | U.S. Commercial Products | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Roll | Engineered | Non- | |||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 290,185 | $ | 278,274 | $ | 193,504 | $ | 64,709 | $ | — | $ | — | $ | 826,672 | ||||||||||||||
Intersegment | 726 | 435 | 217 | — | — | (1,378 | ) | — | ||||||||||||||||||||
Total net sales | $ | 290,911 | $ | 278,709 | $ | 193,721 | $ | 64,709 | $ | — | $ | (1,378 | ) | $ | 826,672 | |||||||||||||
Income (loss) from operations | $ | 18,911 | $ | (5,390 | ) | $ | 11,004 | $ | (6,849 | ) | $ | (10,658 | ) | $ | — | $ | 7,018 | |||||||||||
Depreciation and amortization | $ | 11,820 | $ | 11,333 | $ | 9,509 | $ | 1,846 | $ | 591 | $ | — | $ | 35,099 | ||||||||||||||
Capital expenditures | $ | 2,787 | $ | 2,016 | $ | 3,224 | $ | 1,612 | $ | 1,103 | $ | — | $ | 10,742 | ||||||||||||||
Total assets (1) | $ | 163,773 | $ | 107,053 | $ | 228,514 | $ | 52,331 | $ | 20,302 | $ | — | $ | 571,973 | ||||||||||||||
U.S. | U.S. Commercial Products | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Roll | Engineered | Non- | |||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 281,099 | $ | 292,304 | $ | 196,087 | $ | 67,650 | $ | — | $ | — | $ | 837,140 | ||||||||||||||
Intersegment | 951 | 519 | 519 | — | — | (1,989 | ) | — | ||||||||||||||||||||
Total net sales | $ | 282,050 | $ | 292,823 | $ | 196,606 | $ | 67,650 | $ | — | $ | (1,989 | ) | $ | 837,140 | |||||||||||||
Income (loss) from operations | $ | 22,489 | $ | (1,399 | ) | $ | 9,208 | $ | (6,586 | ) | $ | (12,357 | ) | $ | — | $ | 11,355 | |||||||||||
Depreciation and amortization | $ | 11,674 | $ | 10,774 | $ | 9,455 | $ | 2,480 | $ | 401 | $ | — | $ | 34,784 | ||||||||||||||
Capital expenditures | $ | 1,495 | $ | 1,255 | $ | 2,275 | $ | 627 | $ | 1,488 | $ | — | $ | 7,140 | ||||||||||||||
Total assets (1) | $ | 173,719 | $ | 115,525 | $ | 221,950 | $ | 55,898 | $ | 27,330 | $ | — | $ | 594,422 | ||||||||||||||
U.S. | U.S. Commercial | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Products | Roll | Engineered | Non- | ||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 305,366 | $ | 301,286 | $ | 243,497 | $ | 83,529 | $ | — | $ | — | $ | 933,678 | ||||||||||||||
Intersegment | 1,177 | 284 | 553 | — | — | (2,014 | ) | — | ||||||||||||||||||||
Total net sales | $ | 306,543 | $ | 301,570 | $ | 244,050 | $ | 83,529 | $ | — | $ | (2,014 | ) | $ | 933,678 | |||||||||||||
Income (loss) from operations (2) | $ | 18,226 | $ | (3,901 | ) | $ | 13,619 | $ | (2,055 | ) | $ | (15,595 | ) | $ | 10,294 | |||||||||||||
Depreciation and amortization | $ | 11,994 | $ | 11,004 | $ | 10,790 | $ | 3,086 | $ | 320 | $ | — | $ | 37,194 | ||||||||||||||
Capital expenditures | $ | 996 | $ | 3,558 | $ | 2,144 | $ | 1,629 | $ | 1,824 | $ | — | $ | 10,151 | ||||||||||||||
Total assets (1) | $ | 174,835 | $ | 117,709 | $ | 234,513 | $ | 63,579 | $ | 28,610 | $ | — | $ | 619,246 | ||||||||||||||
(1) Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable. | ||||||||||||||||||||||||||||
(2) Income from operations in our U.S. Residential Products Segment for the year ended December 30, 2011 included a $1.2 million charge for the early exit from a multiemployer pension plan. | ||||||||||||||||||||||||||||
The following table reflects revenues from external customers by markets for the periods indicated. Revenues from external customers by groups of similar products have not been provided as it is impracticable to do so. | ||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||
Customer/Markets | Primary Products | December 31, 2013 | December 31, 2012 | December 30, 2011 | ||||||||||||||||||||||||
Original Equipment Manufacturers (OEMs) | Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels | $ | 199,213 | $ | 202,556 | $ | 240,769 | |||||||||||||||||||||
Home Improvement Retailers | Rain carrying systems, roofing accessories, windows, doors and shower enclosures | 182,666 | 181,363 | 201,107 | ||||||||||||||||||||||||
Industrial and Architectural Contractors | Standing seam panels and siding and roofing accessories | 148,708 | 148,231 | 171,259 | ||||||||||||||||||||||||
Rural Contractors | Steel and aluminum roofing and siding | 135,296 | 144,398 | 143,921 | ||||||||||||||||||||||||
Distributors | Metal coils, rain carrying systems and roofing accessories | 88,300 | 91,505 | 101,085 | ||||||||||||||||||||||||
Home Improvement Contractors | Vinyl replacement windows; metal coils; rain carrying systems; metal roofing and insulated roofing panels; patio and entrance doors; and awnings | 40,645 | 35,674 | 38,227 | ||||||||||||||||||||||||
Manufactured Housing | Steel siding and trim components | 31,844 | 33,413 | 37,310 | ||||||||||||||||||||||||
$ | 826,672 | $ | 837,140 | $ | 933,678 | |||||||||||||||||||||||
The following tables reflect net sales and long-lived asset information by geographic areas for the periods indicated: | ||||||||||||||||||||||||||||
Net Sales | ||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
United States | $ | 559,135 | $ | 564,254 | $ | 596,720 | ||||||||||||||||||||||
The Netherlands | 155,032 | 154,153 | 188,940 | |||||||||||||||||||||||||
United Kingdom | 69,433 | 72,699 | 92,574 | |||||||||||||||||||||||||
France | 33,748 | 36,886 | 45,513 | |||||||||||||||||||||||||
Canada | 9,324 | 9,148 | 9,931 | |||||||||||||||||||||||||
$ | 826,672 | $ | 837,140 | $ | 933,678 | |||||||||||||||||||||||
Long Lived Assets | ||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
United States | $ | 62,186 | $ | 69,241 | ||||||||||||||||||||||||
The Netherlands | 37,367 | 36,428 | ||||||||||||||||||||||||||
United Kingdom | 15,523 | 19,732 | ||||||||||||||||||||||||||
France | 13,133 | 13,358 | ||||||||||||||||||||||||||
Canada | 1,905 | 2,449 | ||||||||||||||||||||||||||
$ | 130,114 | $ | 141,208 | |||||||||||||||||||||||||
Non-U.S. revenue is classified based on the country in which the legal subsidiary is domiciled. The Company's largest customer accounted for 13.5% of 2013, 13.3% of 2012 and 11.1% of 2011 net sales. Sales from this customer are included in the U.S. Residential Products and U.S. Commercial Products segments. As of December 31, 2013, this customer had an outstanding trade receivable balance of $4.8 million. No other customer represented greater than 10% of the Company's revenues in 2013, 2012, or 2011. |
Subsequent_Event
Subsequent Event | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Subsequent Events | |
On March 21, 2014, the ABL Credit Facility was amended to, among other items, (i) reduce the applicable margin rate for LIBOR borrowings from a range of 2.00% to 2.75% to a range of 1.75% to 2.25% and reduce the applicable margin rate for Base Rate borrowings from a range of 1.00% to 1.75% to a range of 1.00% to 1.25%, in each case, based on average excess availability rather than corporate credit ratings of the Company, (ii) reduce the minimum excess availability threshold to $1.0 million, (iii) reduce the fixed charge coverage ratio ,covenant from 1.15 to 1.00 and the minimum consolidated EBITDA covenant from $55.0 million to $52.0 million ($50.0 million for fiscal 2014), (iv) suspend the testing of the fixed charge coverage ratio during the occurrence of a Seasonal Overadvance B or Seasonal Overadvance C (in each case as defined below), (v) suspend the testing of the minimum consolidated EBITDA test during the occurrence of a Seasonal Overadvance A, and (vi) provide for the three mutually exclusive overadvance facilities as described below: | |
"Seasonal Overadvance A", in the amount of $15.0 million, is available to the Company from February 1 of each year through May 31 of each such year, subject to the Company demonstrating compliance with the fixed charge coverage ratio of 1.00:1.00, payment of a fee in the amount of 0.20% of the amount of such facility (the "Seasonal Overadvance Fee") and other customary conditions. | |
"Seasonal Overadvance B", in the amount of $9.0 million, is available to the Company from February 1 of each year through November 30 of each such year, subject to the Company demonstrating compliance with a U.S. fixed charge coverage ratio of 1.00:1.00, payment of the Seasonal Overadvance Fee (except to the extent already paid during such calendar year), maintenance of a U.S. fixed charge coverage ratio of 1.00:100 and other customary conditions. | |
"Seasonal Overadvance C", in the amount of the lesser of (i) $6.0 million and (ii) the sum of (a) 10% of the first component of the borrowing base and (b) 10% of the second component of the borrowing base,, is available to the Company from February 1 of each year through August 22 of each such year, subject to the payment of the Seasonal Overadvance Fee (except to the extent already paid during such calendar year), maintenance of a minimum consolidated EBITDA over the trailing twelve months of $52.0 million ($50.0 million for fiscal 2014) and other customary conditions. |
Supplemental_Guarantor_Condens
Supplemental Guarantor Condensed Financial Information | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Supplemental Guarantor Condensed Financial Information [Abstract] | ' | |||||||||||||||||||
Supplemental Guarantor Condensed Financial Information | ' | |||||||||||||||||||
Supplemental Guarantor Condensed Financial Information | ||||||||||||||||||||
On March 18, 2011, Euramax Holdings (presented as Parent in the following schedules), through its 100% owned subsidiary, Euramax International (presented as Issuer in the following schedules) issued $375 million of its 9.50% Senior Secured Notes due 2016 (the "Notes"). The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by Euramax Holdings. Additionally, the Notes were fully and unconditionally guaranteed by all material domestic subsidiaries, collectively referred to as the "Guarantors." On December 30, 2011, as permitted by the First Supplemental Indenture, the Company completed the merger of the Guarantor subsidiaries with Euramax International. This merger does not adversely affect the legal rights under the Indenture of any holder of the Notes in any material respect. All other subsidiaries of Euramax International, whether direct or indirect, do not guarantee the Notes (the "Non-Guarantors"). | ||||||||||||||||||||
Additionally, the Notes are secured on a second priority basis by liens on all of the collateral (subject to certain exceptions) securing Euramax International's senior secured credit facilities. In the event that secured creditors exercise remedies with respect to Euramax International's pledged assets, the proceeds of the liquidation of those assets will first be applied to repay obligations secured by the first priority liens under the senior secured credit facilities and any other first priority obligations. | ||||||||||||||||||||
The Indenture contains restrictive covenants that limit, among other things, the ability of Euramax International and certain of its subsidiaries to incur additional indebtedness, pay dividends and make certain distributions, make other restricted payments, make investments, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates, in each case, subject to exclusions, and other customary covenants. These limitations also limit Euramax's ability to transfer cash or assets to Euramax Holdings, whether by dividend, loan or otherwise. | ||||||||||||||||||||
The following condensed consolidating financial statements present the results of operations, financial position and cash flows of (1) the Parent, (2) the Issuer (including all Guarantor subsidiaries prior to the merger), (3) the Non-Guarantor Subsidiaries, and (4) eliminations to arrive at the information for Euramax Holdings on a consolidated basis. | ||||||||||||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 1,700 | $ | 7,277 | $ | — | $ | 8,977 | ||||||||||
Accounts receivable, less allowance for doubtful accounts | — | 35,012 | 38,984 | — | 73,996 | |||||||||||||||
Inventories, net | — | 62,270 | 27,490 | — | 89,760 | |||||||||||||||
Income taxes receivable | — | 341 | 641 | — | 982 | |||||||||||||||
Deferred income taxes | — | 559 | 21 | — | 580 | |||||||||||||||
Other current assets | — | 5,462 | 1,546 | — | 7,008 | |||||||||||||||
Total current assets | — | 105,344 | 75,959 | — | 181,303 | |||||||||||||||
Property, plant, and equipment, net | — | 62,185 | 67,929 | 130,114 | ||||||||||||||||
Amounts due from affiliates | — | 229,101 | 18,828 | (247,929 | ) | — | ||||||||||||||
Goodwill | — | 81,359 | 122,694 | — | 204,053 | |||||||||||||||
Customer relationships, net | — | 24,626 | 16,005 | — | 40,631 | |||||||||||||||
Other intangible assets, net | — | 7,073 | — | — | 7,073 | |||||||||||||||
Investment in consolidated subsidiaries | (103,217 | ) | 2,407 | — | 100,810 | — | ||||||||||||||
Deferred income taxes | — | — | 87 | — | 87 | |||||||||||||||
Other assets | — | 4,185 | 4,527 | — | 8,712 | |||||||||||||||
Total assets | $ | (103,217 | ) | $ | 516,280 | $ | 306,029 | $ | (147,119 | ) | $ | 571,973 | ||||||||
Liabilities and Shareholders' (deficit) equity | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Accounts payable | $ | — | $ | 30,312 | $ | 26,950 | $ | — | $ | 57,262 | ||||||||||
Accrued expenses | 14 | 16,133 | 10,219 | — | 26,366 | |||||||||||||||
Accrued interest payable | — | 8,973 | 47 | — | 9,020 | |||||||||||||||
Deferred income taxes | — | — | 605 | — | 605 | |||||||||||||||
Total current liabilities | 14 | 55,418 | 37,821 | — | 93,253 | |||||||||||||||
Long-term debt | — | 535,396 | — | — | 535,396 | |||||||||||||||
Amounts due to affiliates | 5,332 | 12,086 | 230,511 | (247,929 | ) | — | ||||||||||||||
Deferred income taxes | — | 9,561 | 9,419 | — | 18,980 | |||||||||||||||
Other liabilities | — | 7,036 | 25,871 | — | 32,907 | |||||||||||||||
Total liabilities | 5,346 | 619,497 | 303,622 | (247,929 | ) | 680,536 | ||||||||||||||
Shareholders' (deficit) equity: | ||||||||||||||||||||
Common stock | 195 | — | 21 | (21 | ) | 195 | ||||||||||||||
Additional paid-in capital | 724,071 | 661,180 | 199,452 | (860,632 | ) | 724,071 | ||||||||||||||
Accumulated loss | (843,750 | ) | (775,318 | ) | (210,242 | ) | 985,560 | (843,750 | ) | |||||||||||
Accumulated other comprehensive income | 10,921 | 10,921 | 13,176 | (24,097 | ) | 10,921 | ||||||||||||||
Total shareholders' (deficit) equity | (108,563 | ) | (103,217 | ) | 2,407 | 100,810 | (108,563 | ) | ||||||||||||
Total liabilities & shareholders' (deficit) equity | $ | (103,217 | ) | $ | 516,280 | $ | 306,029 | $ | (147,119 | ) | $ | 571,973 | ||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 1,574 | $ | 8,450 | $ | — | $ | 10,024 | ||||||||||
Accounts receivable, less allowance for doubtful accounts | — | 39,743 | 34,133 | — | 73,876 | |||||||||||||||
Inventories, net | — | 62,986 | 26,308 | — | 89,294 | |||||||||||||||
Income taxes receivable | — | 388 | 1,139 | — | 1,527 | |||||||||||||||
Deferred income taxes | — | 793 | 114 | — | 907 | |||||||||||||||
Other current assets | — | 3,358 | 1,431 | — | 4,789 | |||||||||||||||
Total current assets | — | 108,842 | 71,575 | — | 180,417 | |||||||||||||||
Property, plant, and equipment, net | — | 69,241 | 71,967 | 141,208 | ||||||||||||||||
Amounts due from affiliates | — | 218,957 | 30,651 | (249,608 | ) | — | ||||||||||||||
Goodwill | — | 81,310 | 118,065 | — | 199,375 | |||||||||||||||
Customer relationships, net | — | 33,620 | 20,969 | — | 54,589 | |||||||||||||||
Other intangible assets, net | — | 7,475 | — | — | 7,475 | |||||||||||||||
Investment in consolidated subsidiaries | (81,316 | ) | 18,549 | — | 62,767 | — | ||||||||||||||
Deferred income taxes | — | — | 68 | — | 68 | |||||||||||||||
Other assets | — | 6,225 | 5,065 | — | 11,290 | |||||||||||||||
Total assets | $ | (81,316 | ) | $ | 544,219 | $ | 318,360 | $ | (186,841 | ) | $ | 594,422 | ||||||||
Liabilities and Shareholders' equity (deficit) | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Accounts payable | $ | — | $ | 34,921 | $ | 20,962 | $ | — | $ | 55,883 | ||||||||||
Accrued expenses | 10 | 17,582 | 13,075 | — | 30,667 | |||||||||||||||
Accrued interest payable | — | 9,017 | — | — | 9,017 | |||||||||||||||
Deferred income taxes | — | — | 847 | — | 847 | |||||||||||||||
Total current liabilities | 10 | 61,520 | 34,884 | — | 96,414 | |||||||||||||||
Long-term debt | — | 516,674 | — | — | 516,674 | |||||||||||||||
Amounts due to affiliates | 4,666 | 15,844 | 229,098 | (249,608 | ) | — | ||||||||||||||
Deferred income taxes | — | 8,621 | 11,798 | — | 20,419 | |||||||||||||||
Other liabilities | — | 22,876 | 24,031 | — | 46,907 | |||||||||||||||
Total liabilities | 4,676 | 625,535 | 299,811 | (249,608 | ) | 680,414 | ||||||||||||||
Shareholders' equity (deficit): | ||||||||||||||||||||
Common stock | 189 | — | 21 | (21 | ) | 189 | ||||||||||||||
Additional paid-in capital | 721,869 | 658,970 | 199,452 | (858,422 | ) | 721,869 | ||||||||||||||
Accumulated loss | (818,855 | ) | (751,091 | ) | (195,851 | ) | 946,942 | (818,855 | ) | |||||||||||
Accumulated other comprehensive income | 10,805 | 10,805 | 14,927 | (25,732 | ) | 10,805 | ||||||||||||||
Total shareholders' (deficit) equity | (85,992 | ) | (81,316 | ) | 18,549 | 62,767 | (85,992 | ) | ||||||||||||
Total liabilities & shareholders' (deficit) equity | $ | (81,316 | ) | $ | 544,219 | $ | 318,360 | $ | (186,841 | ) | $ | 594,422 | ||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Total | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net sales | $ | — | $ | 561,277 | $ | 272,942 | $ | (7,547 | ) | $ | 826,672 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 479,813 | 227,696 | (7,547 | ) | 699,962 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 668 | 49,670 | 25,090 | — | 75,428 | |||||||||||||||
Depreciation and amortization | — | 23,349 | 11,750 | — | 35,099 | |||||||||||||||
Other operating charges | — | 3,196 | 5,969 | — | 9,165 | |||||||||||||||
Income (loss) from operations | (668 | ) | 5,249 | 2,437 | — | 7,018 | ||||||||||||||
Equity in earnings of subsidiaries | (24,227 | ) | (14,391 | ) | — | 38,618 | — | |||||||||||||
Interest expense | — | (52,888 | ) | (1,190 | ) | — | (54,078 | ) | ||||||||||||
Intercompany interest income (expense) | — | 17,678 | (17,678 | ) | — | — | ||||||||||||||
Other income (loss), net | — | 8,191 | (787 | ) | — | 7,404 | ||||||||||||||
Loss before income taxes | (24,895 | ) | (36,161 | ) | (17,218 | ) | 38,618 | (39,656 | ) | |||||||||||
Benefit from income taxes | — | (11,934 | ) | (2,827 | ) | — | (14,761 | ) | ||||||||||||
Net loss | $ | (24,895 | ) | $ | (24,227 | ) | $ | (14,391 | ) | $ | 38,618 | $ | (24,895 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (24,895 | ) | $ | (24,227 | ) | $ | (14,391 | ) | $ | 38,618 | $ | (24,895 | ) | ||||||
Other comprehensive income (loss): | ||||||||||||||||||||
Foreign currency translation adjustment | (815 | ) | (815 | ) | (815 | ) | 1,630 | (815 | ) | |||||||||||
Pension liability adjustment, net of tax | 931 | 931 | (936 | ) | 5 | 931 | ||||||||||||||
Total other comprehensive income (loss) | $ | 116 | $ | 116 | $ | (1,751 | ) | $ | 1,635 | $ | 116 | |||||||||
Total comprehensive loss | $ | (24,779 | ) | $ | (24,111 | ) | $ | (16,142 | ) | $ | 40,253 | $ | (24,779 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Total | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net sales | $ | — | $ | 565,237 | $ | 281,912 | $ | (10,009 | ) | $ | 837,140 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 474,058 | 236,996 | (10,009 | ) | 701,045 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 318 | 55,752 | 27,422 | — | 83,492 | |||||||||||||||
Depreciation and amortization | — | 22,403 | 12,381 | — | 34,784 | |||||||||||||||
Other operating charges | — | 2,336 | 4,089 | — | 6,425 | |||||||||||||||
Multiemployer pension withdrawal expense | — | 39 | — | — | 39 | |||||||||||||||
Income (loss) from operations | (318 | ) | 10,649 | 1,024 | — | 11,355 | ||||||||||||||
Equity in earnings of subsidiaries | (36,450 | ) | (13,618 | ) | — | 50,068 | — | |||||||||||||
Interest expense | — | (53,859 | ) | (999 | ) | — | (54,858 | ) | ||||||||||||
Intercompany interest income (expense) | — | 17,353 | (17,353 | ) | — | — | ||||||||||||||
Other income, net | — | 4,960 | 52 | — | 5,012 | |||||||||||||||
Loss before income taxes | (36,768 | ) | (34,515 | ) | (17,276 | ) | 50,068 | (38,491 | ) | |||||||||||
(Benefit from) provision for income taxes | — | 1,935 | (3,658 | ) | — | (1,723 | ) | |||||||||||||
Net loss | $ | (36,768 | ) | $ | (36,450 | ) | $ | (13,618 | ) | $ | 50,068 | $ | (36,768 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (36,768 | ) | $ | (36,450 | ) | $ | (13,618 | ) | $ | 50,068 | $ | (36,768 | ) | ||||||
Other comprehensive income: | ||||||||||||||||||||
Foreign currency translation adjustment | 80 | 80 | 367 | (447 | ) | 80 | ||||||||||||||
Pension liability adjustment, net of tax | 953 | 953 | 1,196 | (2,149 | ) | 953 | ||||||||||||||
Total other comprehensive income | $ | 1,033 | $ | 1,033 | $ | 1,563 | $ | (2,596 | ) | $ | 1,033 | |||||||||
Total comprehensive loss | $ | (35,735 | ) | $ | (35,417 | ) | $ | (12,055 | ) | $ | 47,472 | $ | (35,735 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net sales | $ | — | $ | 597,779 | $ | 347,811 | $ | (11,912 | ) | $ | 933,678 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 507,136 | 289,941 | (11,912 | ) | 785,165 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 594 | 58,191 | 32,636 | — | 91,421 | |||||||||||||||
Depreciation and amortization | — | 22,859 | 14,335 | — | 37,194 | |||||||||||||||
Other operating charges | — | 7,718 | 686 | — | 8,404 | |||||||||||||||
Multiemployer pension withdrawal expense | — | 1,200 | — | — | 1,200 | |||||||||||||||
Income (loss) from operations | (594 | ) | 675 | 10,213 | — | 10,294 | ||||||||||||||
Equity in earnings of subsidiaries | (62,123 | ) | (4,514 | ) | — | 66,637 | — | |||||||||||||
Interest expense | — | (52,163 | ) | (3,416 | ) | — | (55,579 | ) | ||||||||||||
Intercompany interest (income) expense | — | 14,698 | (14,698 | ) | — | — | ||||||||||||||
Other (loss) income, net | — | (18,606 | ) | 4,489 | — | (14,117 | ) | |||||||||||||
Loss before income taxes | (62,717 | ) | (59,910 | ) | (3,412 | ) | 66,637 | (59,402 | ) | |||||||||||
Provision for income taxes | — | 2,213 | 1,102 | — | 3,315 | |||||||||||||||
Net loss | $ | (62,717 | ) | $ | (62,123 | ) | $ | (4,514 | ) | $ | 66,637 | $ | (62,717 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (62,717 | ) | $ | (62,123 | ) | $ | (4,514 | ) | $ | 66,637 | $ | (62,717 | ) | ||||||
Other comprehensive income (loss): | ||||||||||||||||||||
Foreign currency translation adjustment | 2,380 | 2,380 | 2,092 | (4,472 | ) | 2,380 | ||||||||||||||
Pension liability adjustment, net of tax | (5,837 | ) | (5,837 | ) | (3,351 | ) | 9,188 | (5,837 | ) | |||||||||||
Total other comprehensive loss | $ | (3,457 | ) | $ | (3,457 | ) | $ | (1,259 | ) | $ | 4,716 | $ | (3,457 | ) | ||||||
Total comprehensive loss | $ | (66,174 | ) | $ | (65,580 | ) | $ | (5,773 | ) | $ | 71,353 | $ | (66,174 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash used in operating activities | $ | — | $ | (7,396 | ) | $ | (2,919 | ) | $ | — | $ | (10,315 | ) | |||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 324 | 2,022 | — | 2,346 | |||||||||||||||
Capital expenditures | — | (5,829 | ) | (4,913 | ) | — | (10,742 | ) | ||||||||||||
Distribution from affiliate | — | — | 5,068 | (5,068 | ) | — | ||||||||||||||
Net cash used in investing activities | — | (5,505 | ) | 2,177 | (5,068 | ) | (8,396 | ) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 18,270 | — | — | 18,270 | |||||||||||||||
Deferred financing fees | — | (175 | ) | — | — | (175 | ) | |||||||||||||
Distribution to affiliate | — | (5,068 | ) | — | 5,068 | — | ||||||||||||||
Net cash provided by financing activities | — | 13,027 | — | 5,068 | 18,095 | |||||||||||||||
Effect of exchange rate changes on cash | — | — | (431 | ) | — | (431 | ) | |||||||||||||
Net (decrease) increase in cash and cash equivalents | — | 126 | (1,173 | ) | — | (1,047 | ) | |||||||||||||
Cash and cash equivalents at beginning of year | — | 1,574 | 8,450 | — | 10,024 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 1,700 | $ | 7,277 | $ | — | $ | 8,977 | ||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (539 | ) | $ | 4,524 | $ | — | $ | 3,985 | |||||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 1,317 | 4 | — | 1,321 | |||||||||||||||
Capital expenditures | — | (4,158 | ) | (2,982 | ) | — | (7,140 | ) | ||||||||||||
Purchase of a business, net of cash acquired | — | (6,445 | ) | — | — | (6,445 | ) | |||||||||||||
Distribution to affiliate | — | — | (2,165 | ) | 2,165 | — | ||||||||||||||
Net cash used in investing activities | — | (9,286 | ) | (5,143 | ) | 2,165 | (12,264 | ) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 8,280 | — | — | 8,280 | |||||||||||||||
Deferred financing fees | — | (8 | ) | (26 | ) | — | (34 | ) | ||||||||||||
Distribution from affiliate | — | 2,165 | — | (2,165 | ) | — | ||||||||||||||
Net cash provided by (used in) financing activities | — | 10,437 | (26 | ) | (2,165 | ) | 8,246 | |||||||||||||
Effect of exchange rate changes on cash | — | — | (4,270 | ) | — | (4,270 | ) | |||||||||||||
Net (decrease) increase in cash and cash equivalents | — | 612 | (4,915 | ) | — | (4,303 | ) | |||||||||||||
Cash and cash equivalents at beginning of year | — | 962 | 13,365 | — | 14,327 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 1,574 | $ | 8,450 | $ | — | $ | 10,024 | ||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (15,469 | ) | $ | 34,065 | $ | — | $ | 18,596 | |||||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 79 | 355 | — | 434 | |||||||||||||||
Capital expenditures | — | (6,289 | ) | (3,862 | ) | — | (10,151 | ) | ||||||||||||
Contributed capital to subsidiaries | — | (99,930 | ) | — | 99,930 | — | ||||||||||||||
Return of capital from subsidiaries | — | 151,083 | — | (151,083 | ) | — | ||||||||||||||
Distribution to affiliate | — | (132,896 | ) | — | 132,896 | — | ||||||||||||||
Net cash (used in) provided by investing activities | — | (87,953 | ) | (3,507 | ) | 81,743 | (9,717 | ) | ||||||||||||
Cash flow from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 10,205 | — | — | 10,205 | |||||||||||||||
Net repayments on First Lien Credit Facility | — | (302,394 | ) | (109,634 | ) | — | (412,028 | ) | ||||||||||||
Borrowings under Senior Secured Notes | — | 375,000 | — | — | 375,000 | |||||||||||||||
Borrowings under Senior Unsecured Notes | — | 19,812 | — | — | 19,812 | |||||||||||||||
Contributed capital to subsidiaries | — | — | 99,930 | (99,930 | ) | — | ||||||||||||||
Return of capital | — | — | (151,083 | ) | 151,083 | — | ||||||||||||||
Deferred financing fees | — | (6,510 | ) | (4,113 | ) | — | (10,623 | ) | ||||||||||||
Distribution from affiliate | — | — | 132,896 | (132,896 | ) | — | ||||||||||||||
Net cash used in financing activities | — | 96,113 | (32,004 | ) | (81,743 | ) | (17,634 | ) | ||||||||||||
Effect of exchange rate changes on cash | — | — | (1,820 | ) | — | (1,820 | ) | |||||||||||||
Net decrease in cash and cash equivalents | — | (7,309 | ) | (3,266 | ) | — | (10,575 | ) | ||||||||||||
Cash and cash equivalents at beginning of year | — | 8,271 | 16,631 | — | 24,902 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 962 | $ | 13,365 | $ | — | $ | 14,327 | ||||||||||
Quarterly_Results_of_Operation
Quarterly Results of Operations | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Results of Operations | ' | ||||||||||||||||
Quarterly Results of Operations (Unaudited) | |||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Net sales | $ | 172,545 | $ | 229,861 | $ | 227,835 | $ | 196,431 | |||||||||
Cost of sales, excluding depreciation and amortization | 149,170 | 190,461 | 188,792 | 171,539 | |||||||||||||
Depreciation and amortization | 8,593 | 8,450 | 8,514 | 9,542 | |||||||||||||
Operating income (loss) | (7,432 | ) | 9,884 | 8,687 | (4,121 | ) | |||||||||||
(Loss) income before income taxes | (27,375 | ) | (1,859 | ) | 3,177 | (13,599 | ) | ||||||||||
Net (loss) income | $ | (28,116 | ) | $ | (1,556 | ) | $ | 16,259 | $ | (11,482 | ) | ||||||
Year Ended December 31, 2012 | |||||||||||||||||
Net Sales | $ | 198,683 | $ | 223,792 | $ | 219,173 | $ | 195,492 | |||||||||
Cost of sales, excluding depreciation and amortization | 166,565 | 185,135 | 182,557 | 166,788 | |||||||||||||
Depreciation and amortization | 8,681 | 8,633 | 8,624 | 8,846 | |||||||||||||
Operating income (loss) | (286 | ) | 8,065 | 6,610 | (3,034 | ) | |||||||||||
Loss before income taxes | (7,778 | ) | (14,659 | ) | (3,290 | ) | (12,764 | ) | |||||||||
Net loss | $ | (8,120 | ) | $ | (15,592 | ) | $ | (1,175 | ) | $ | (11,881 | ) | |||||
The Company's interim reporting is based on a 4-4-5 week closing calendar. The first quarter of 2013 includes 3 fewer days and the fourth quarter of 2013 includes 1 additional day compared to the first and fourth quarter of 2012, respectively. The second and third quarters of 2013 and 2012 each include 13 weeks. |
Schedule_I
Schedule I | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||
Schedule I | ' | |||||||||||
EURAMAX HOLDINGS, INC. (PARENT COMPANY ONLY) | ||||||||||||
CONDENSED BALANCE SHEET | ||||||||||||
(in thousands, except share data) | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Assets | ||||||||||||
Investment in and advances to subsidiaries | $ | (103,217 | ) | $ | (81,316 | ) | ||||||
Liabilities and shareholders' (deficit) equity | ||||||||||||
Interest and other payables | $ | 14 | $ | 10 | ||||||||
Amounts due to affiliates | 5,332 | 4,666 | ||||||||||
Total liabilities | 5,346 | 4,676 | ||||||||||
Shareholders' (deficit) equity: | ||||||||||||
Class A common stock—$1.00 par value; 600,000 shares authorized, 194,852 issued and outstanding in 2013 and 188,938 issued and outstanding in 2012 | 195 | 189 | ||||||||||
Class B convertible common stock—$1.00 par value; 600,000 shares authorized, no shares issued in 2013 and 2012 | — | — | ||||||||||
Additional paid-in capital | 724,071 | 721,869 | ||||||||||
Accumulated loss | (843,750 | ) | (818,855 | ) | ||||||||
Accumulated other comprehensive income | 10,921 | 10,805 | ||||||||||
Total shareholders' (deficit) equity | (108,563 | ) | (85,992 | ) | ||||||||
Total liabilities and shareholders' (deficit) equity | $ | (103,217 | ) | $ | (81,316 | ) | ||||||
See accompanying notes. | ||||||||||||
EURAMAX HOLDINGS, INC. (PARENT COMPANY ONLY) | ||||||||||||
CONDENSED STATEMENTS OF OPERATIONS | ||||||||||||
(in thousands) | ||||||||||||
Year Ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
Costs and expenses: | ||||||||||||
General and administrative | $ | 668 | $ | 318 | $ | 594 | ||||||
Interest expense | — | — | — | |||||||||
Loss before taxes and equity in net losses of subsidiaries | (668 | ) | (318 | ) | (594 | ) | ||||||
Provision for income taxes | — | — | — | |||||||||
Net loss before equity in net losses of subsidiaries | (668 | ) | (318 | ) | (594 | ) | ||||||
Equity in losses of subsidiaries, net of tax | (24,227 | ) | (36,450 | ) | (62,123 | ) | ||||||
Net loss | $ | (24,895 | ) | $ | (36,768 | ) | $ | (62,717 | ) | |||
See accompanying notes. | ||||||||||||
EURAMAX HOLDINGS, INC. (PARENT COMPANY ONLY) | ||||||||||||
CONDENSED STATEMENTS OF COMPREHENSIVE OPERATIONS | ||||||||||||
(in thousands) | ||||||||||||
Year Ended | ||||||||||||
31-Dec-13 | 31-Dec-12 | 30-Dec-11 | ||||||||||
Net loss | $ | (24,895 | ) | $ | (36,768 | ) | $ | (62,717 | ) | |||
Other comprehensive income (loss): | ||||||||||||
Foreign currency translation adjustment | (815 | ) | 80 | 2,380 | ||||||||
Pension liability adjustments, net of tax | 931 | 953 | (5,837 | ) | ||||||||
Total other comprehensive income (loss) | $ | 116 | $ | 1,033 | $ | (3,457 | ) | |||||
Total comprehensive loss | $ | (24,779 | ) | $ | (35,735 | ) | $ | (66,174 | ) | |||
See accompanying notes | ||||||||||||
EURAMAX HOLDINGS, INC. (PARENT COMPANY ONLY) | ||||||||||||
CONDENSED STATEMENTS OF CASH FLOWS | ||||||||||||
(in thousands) | ||||||||||||
Year Ended | ||||||||||||
December 31, 2013 | December 31, 2012 | December 30, 2011 | ||||||||||
Net cash provided by operating activities | $ | — | $ | — | $ | — | ||||||
Net cash provided by investing activities | $ | — | $ | — | $ | — | ||||||
Net cash provided by financing activities | $ | — | $ | — | $ | — | ||||||
Supplemental cash flow information | ||||||||||||
Income taxes paid, net | $ | — | $ | — | $ | — | ||||||
Interest paid, net | $ | — | $ | — | $ | — | ||||||
See accompanying notes. | ||||||||||||
1 | Basis of Presentation | |||||||||||
The accompanying condensed financial statements include the accounts of Euramax Holdings, Inc. (the "Parent Company") and, on an equity basis, its subsidiaries and affiliates. Parent Company expenses, other than interest expense on long-term debt, are primarily related to intercompany transactions with subsidiaries and affiliates. These financial statements should be read in conjunction with the consolidated financial statements and the accompanying notes thereto of Euramax Holdings, Inc. and Subsidiaries (the "Company"). |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Nature of Operations and Organization | ' | ||||||||||||
Nature of Operations and Organization | |||||||||||||
Euramax Holdings, Inc. and Subsidiaries (the "Company") is an international producer of residential and commercial building materials and recreational vehicle, or RV, exterior components. The Company's core building products include aluminum, steel, vinyl and copper roof drainage products, steel roofing and siding, and specialty coated aluminum coil. In addition, the Company sells an extensive line of accessory products, including roofing and siding hardware, trim parts and roof drainage accessories. The Company's core RV products include aluminum siding and roofing. The Company sells its products to a wide range of customers, including distributors, contractors, and home improvement retailers, as well as RV and transportation original equipment manufacturers, or OEMs. The Company's manufacturing and distribution network consists of 36 strategically located facilities, of which 31 are located in North America and five are located in Europe. The Company's sales volumes have historically been higher in the second and third quarters due to the seasonal demand of the building products markets served. | |||||||||||||
Basis of Presentation and Consolidation | ' | ||||||||||||
Basis of Presentation and Consolidation | |||||||||||||
The consolidated financial statements of the Company are prepared in conformity with U.S. generally accepted accounting principles and include the accounts of the Company and all its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to current period presentation. | |||||||||||||
On August 14, 2012, the Company acquired Cleveland Tubing, Inc. ("CTI") for approximately $6.4 million, net of cash acquired. CTI is a developer and manufacturer of corrugated plastic parts, including collapsible and flexible specialty drainage products, sold through the Company's U.S. Residential Products segment. The results of operations for CTI have been included in the Company’s consolidated financial statements as of and from the date of the acquisition. The Company allocated the purchase price to the assets acquired and liabilities assumed based on their fair values as of the acquisition date. The acquired assets of CTI consisted primarily of accounts receivable, property, plant and equipment, and inventories. The liabilities assumed generally consisted of accounts payable and accrued liabilities. | |||||||||||||
Fiscal Year | ' | ||||||||||||
Fiscal Year | |||||||||||||
The Company historically operated on a 52 or 53 week fiscal year ending on the last Friday in December. Beginning in 2012, the fiscal year ends on December 31 regardless of the day of the week on which December 31 falls. Fiscal year 2011 ended December 30. The Company's fiscal year consisted of 52 weeks for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | |||||||||||||
Use of Estimates and Assumptions | ' | ||||||||||||
Use of Estimates and Assumptions | |||||||||||||
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that may affect the reported amounts of certain assets, liabilities, revenues and expenses and disclosure of contingencies in the Company's consolidated financial statements. Although these estimates and assumptions are based on the Company's knowledge of current events and actions the Company may take in the future, actual results could ultimately differ from those estimates and assumptions, and the differences could be material. | |||||||||||||
Cash and Cash Equivalents | ' | ||||||||||||
Cash and Cash Equivalents | |||||||||||||
The Company considers all highly liquid investments with an initial maturity of three months or less to be cash equivalents. Certain cash overdrafts of the Company have been netted with positive cash balances held with the same financial institutions. | |||||||||||||
Accounts Receivable | ' | ||||||||||||
Accounts Receivable | |||||||||||||
Accounts receivable are comprised of trade accounts receivable and other receivables. Trade accounts receivable are recorded at net realizable value and totaled $69.8 million and $69.3 million as of December 31, 2013 and December 31, 2012, respectively. This value includes an allowance for estimated uncollectible accounts, returns and allowances, cash discounts and other adjustments. The allowance for doubtful accounts is based on historical experience, the level of past-due accounts based on the contractual terms of the receivables, current economic conditions and an evaluation of the customers' credit worthiness. Accounts receivable are charged against the allowance for doubtful accounts when it is probable that the receivable will not be recovered. | |||||||||||||
Activity in the allowance for doubtful accounts was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 2,751 | $ | 4,391 | $ | 5,742 | |||||||
Charges to costs and expenses | 290 | 364 | 18 | ||||||||||
Write-offs and other activity | (838 | ) | (2,037 | ) | (1,319 | ) | |||||||
Foreign currency translation | 32 | 33 | (50 | ) | |||||||||
Balance, end of year | $ | 2,235 | $ | 2,751 | $ | 4,391 | |||||||
Inventories | ' | ||||||||||||
Inventories | |||||||||||||
Inventories are stated at the lower of cost or market, with cost determined under the first-in, first-out (FIFO) method. Cost of manufactured inventory includes direct labor and manufacturing overhead. Market with respect to all inventories is replacement cost subject to a floor for an approximate normal profit margin on disposition. Abnormal amounts of idle facility expense, freight, handling costs, and wasted materials are recorded as current period charges. | |||||||||||||
Property, Plant and Equipment | ' | ||||||||||||
Property, Plant, and Equipment | |||||||||||||
Property, plant, and equipment is recorded at cost. Cost of property, plant, and equipment acquired in a business combination is recorded at fair value based on the age and current replacement cost for similar assets on the date of the acquisition. Repair and maintenance costs are generally expensed unless they extend the useful lives of assets. Depreciation of property, plant, and equipment is computed principally on the straight-line method over the estimated useful lives of the assets ranging from 3 years to 37 years for equipment and from 10 years to 25 years for buildings. When events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, management assesses whether there has been an impairment in the value of the asset by comparing the estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition to the carrying amount of the asset. If the expected future cash flows are less than the carrying amount of the asset, an impairment loss is recognized based on the excess of the asset's carrying value over its fair value. Fair value is estimated based on discounted cash flows, independent appraisals or comparable market transactions. | |||||||||||||
Goodwill and Intangible Assets | ' | ||||||||||||
Goodwill and Intangible Assets | |||||||||||||
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and identifiable intangible assets acquired. Goodwill has been assigned to multiple reporting units at either the operating segment, or one level below, primarily based upon the nature of discrete businesses comprising the Company's operations. We test our goodwill for impairment annually on the first day of our fourth quarter or more frequently if events or circumstances indicate the potential for impairment. The implied fair value of goodwill is determined by estimating the fair value of the reporting units and allocating such value to the tangible and identifiable intangible assets of each reporting unit. The Company's fair value estimate is based upon estimates of the future cash flows of the reporting units and market valuations of comparable companies. Significant judgments are made in estimating the future cash flows of the reporting units and determining comparable companies upon which fair values of the Company's reporting units are based. No goodwill impairment charges were recorded during fiscal years 2013, 2012, or 2011. The carrying value of goodwill at the valuation date is not representative of current fair value. | |||||||||||||
The Company has recognized intangible assets, apart from goodwill, acquired in business combinations and resulting from certain shareholder transactions, at fair value on the date of the transactions. Indefinite lived intangible assets are not amortized, but are tested for impairment annually, or more frequently if events or circumstances indicate the potential for impairment. The Company amortizes its intangible assets with finite lives over their useful lives based upon the pattern in which the economic benefits of the intangible assets are recognized. If that pattern cannot be determined, a straight-line amortization method is used. Intangible assets with finite lives are tested for impairment when there are indications that the carrying amount of an intangible asset may not be recoverable. The Company utilizes an income approach to estimate the fair value of its definite and indefinite lived intangible assets to test for impairment. | |||||||||||||
No intangible asset impairment charges were recorded in fiscal years 2013, 2012, or 2011. See Note 4 for further disclosures related to goodwill and other intangible assets. | |||||||||||||
Income Taxes | ' | ||||||||||||
Income Taxes | |||||||||||||
The Company accounts for income taxes using the asset and liability method of accounting. Under the asset and liability method, deferred income taxes are recognized for the tax consequences of "temporary differences" by applying enacted statutory tax rates applicable for future years to differences between financial statement and tax bases of existing assets and liabilities. Valuation allowances are established if the Company believes it is more likely than not that some or all of the deferred tax assets will not be realized. A tax benefit is not recognized unless the Company concludes that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, a tax benefit is recognized and measured as the largest amount of the tax benefit that in the Company's judgment is greater than 50 percent likely to be realized. Interest and penalties related to unrecognized tax positions are recorded in (benefit from) provision for income taxes in the accompanying consolidated statements of operations. See Note 9 for further disclosures related to income taxes. | |||||||||||||
Financial Instruments and Risk Management | ' | ||||||||||||
Financial Instruments and Risk Management | |||||||||||||
The Company measures fair value based on a hierarchy disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. | |||||||||||||
Market price observability is impacted by a number of factors, including the type of asset or liability and their characteristics. This hierarchy prioritizes the inputs into three broad levels as follows: | |||||||||||||
Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities. | ||||||||||||
Level 2 | Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | ||||||||||||
Level 3 | Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||
All derivative instruments are recognized on the balance sheet at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and the type of hedging relationship. Derivative instruments that qualify as hedging instruments are designated based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of net investment in a foreign operation. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative instrument as well as the offsetting gain or loss on the hedged item attributable to the hedged risk is recognized in current earnings during the period of the change in fair values. For derivative instruments that are designated and qualify as a cash flow hedge, the effective portion of the gain or loss on the derivative instrument is reported as a component of Other Comprehensive Income (OCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The remaining gain or loss related to the ineffective portion of the derivative instrument, if any, is recognized in current earnings during the period of change. For derivative instruments that are designated and qualify as a hedge of a net investment in a foreign operation, the gain or loss is reported in OCI as part of the cumulative translation adjustment to the extent it is effective. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in current earnings during the period of change. Should a financial instrument designated as a hedge be terminated while the underlying hedged transaction remains outstanding, or reasonably possible of occurring, the gain or loss would be deferred and amortized over the shorter of the remaining life of the underlying or the agreement. | |||||||||||||
The Company has used derivative financial instruments primarily to reduce its exposure to fluctuations in foreign currency exchange rates. These derivatives are not designated as hedging instruments and are recorded on the consolidated balance sheet at fair value as either other current assets or accrued expenses. The Company calculates the fair value of its derivatives using quoted exchange rates from financial institutions. The earnings impact resulting from the derivative instruments is recorded in the other income (loss) line item within the consolidated statement of operations. | |||||||||||||
The carrying amounts of cash and cash equivalents; receivables; accounts payable and accrued expenses; and loans and notes payable approximate their fair values because of the relatively short-term maturities of these instruments. | |||||||||||||
Fair Value Measurements | |||||||||||||
Recurring Fair Value Measurements | |||||||||||||
In accordance with accounting principles generally accepted in the U.S., certain assets and liabilities are required to be recorded at fair value on a recurring basis. For the Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are derivative financial instruments. | |||||||||||||
Revenue Recognition | ' | ||||||||||||
Revenue Recognition | |||||||||||||
The Company recognizes revenue when persuasive evidence of an agreement exists, delivery has occurred, the Company's price to the buyer is fixed and determinable and collectability is reasonably assured. Delivery is not considered to have occurred until the customer takes title and assumes the risks and rewards of ownership. Revenue is recorded net of provisions for returns, allowances, rebates, and discounts. | |||||||||||||
The Company provides warranties on certain products. The warranty periods differ depending on the product, but generally range from one year to limited lifetime warranties. The Company provides accruals for warranties based on historical experience and expectations of future occurrence. Warranty costs are recorded as a component of cost of goods sold and are classified as accrued expenses or other liabilities depending on the timing of expected payments. | |||||||||||||
Shipping and Handling Cost | ' | ||||||||||||
Shipping and Handling Costs | |||||||||||||
The Company classifies all shipping and handling charges as cost of goods sold. | |||||||||||||
Advertising Costs | ' | ||||||||||||
Advertising Costs | |||||||||||||
The Company expenses all advertising costs as incurred. Advertising costs for 2013, 2012, and 2011 were $3.1 million, $3.3 million, and $2.8 million, respectively. | |||||||||||||
Translation of Foreign Currencies | ' | ||||||||||||
Translation of Foreign Currencies | |||||||||||||
Assets and liabilities of non-U.S. subsidiaries are translated to U.S. Dollars at the rate of exchange in effect on the balance sheet date. Income and expenses are translated to U.S. Dollars at the weighted average rates of exchange prevailing during the year. Foreign currency gains and losses resulting from the remeasurement of inter-company amounts that are not of a long-term investment nature into local currencies and certain indebtedness of foreign subsidiaries denominated in U.S. dollars are included in other income (loss), net and amounted to income of $7.6 million and $4.9 million in 2013 and 2012, respectively, and losses of $13.0 million in 2011. Foreign currency gains and losses resulting from transactions in the ordinary course of business are recorded in selling and general expenses. Foreign currency translation gains and losses recorded in selling and general expenses were not significant for any period presented | |||||||||||||
Recently Adopted Accounting Pronouncements | ' | ||||||||||||
Recently Adopted Accounting Pronouncements | |||||||||||||
In February 2013, the FASB issued amendments to the disclosure requirements for comprehensive income. These amendments require an entity to report amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. The adoption of this standard did not change the current requirements for reporting net income or other comprehensive income in the financial statements. The amendments were effective for the Company in the first quarter of 2013. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||
Schedule of Allowance for Doubtful Accounts | ' | ||||||||||||
Activity in the allowance for doubtful accounts was as follows: | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Balance, beginning of year | $ | 2,751 | $ | 4,391 | $ | 5,742 | |||||||
Charges to costs and expenses | 290 | 364 | 18 | ||||||||||
Write-offs and other activity | (838 | ) | (2,037 | ) | (1,319 | ) | |||||||
Foreign currency translation | 32 | 33 | (50 | ) | |||||||||
Balance, end of year | $ | 2,235 | $ | 2,751 | $ | 4,391 | |||||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Inventory Disclosure [Abstract] | ' | |||||||||||
Schedule of Inventory, Current | ' | |||||||||||
Inventories, net of the allowance for obsolete inventory, were comprised of: | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Aluminum and steel coil | $ | 58,153 | $ | 59,651 | ||||||||
Raw materials | 15,291 | 14,520 | ||||||||||
Work in process | 1,936 | 1,598 | ||||||||||
Finished products | 14,380 | 13,525 | ||||||||||
Total inventories, net | $ | 89,760 | $ | 89,294 | ||||||||
Summary of Obsolete Inventory Reserve | ' | |||||||||||
Activity in the allowance for obsolete inventory was as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 2,911 | $ | 3,009 | $ | 2,405 | ||||||
Charges to costs and expenses | 3,972 | 4,386 | 3,626 | |||||||||
Write-offs | (4,487 | ) | (4,534 | ) | (2,998 | ) | ||||||
Foreign currency translation | 45 | 50 | (24 | ) | ||||||||
Balance, end of year | $ | 2,441 | $ | 2,911 | $ | 3,009 | ||||||
Property_Plant_and_Equipment_T
Property, Plant, and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment | ' | |||||||
Property, plant, and equipment consisted of: | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Land and improvements | $ | 22,868 | $ | 23,324 | ||||
Buildings | 57,555 | 61,410 | ||||||
Machinery and equipment | 192,779 | 181,081 | ||||||
Construction in progress | 3,948 | 4,941 | ||||||
Property, plant, and equipment, gross | 277,150 | 270,756 | ||||||
Less accumulated depreciation | (147,036 | ) | (129,548 | ) | ||||
Property, plant, and equipment, net | $ | 130,114 | $ | 141,208 | ||||
Goodwill_and_Intangible_Assets1
Goodwill and Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill | ' | |||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||||
Changes in the carrying amount of goodwill for the years ended December 31, 2013 and December 31, 2012 are as follows: | ||||||||||||||||||||||||
U.S. Residential | U.S. Commercial Products | European Roll | European | Consolidated | ||||||||||||||||||||
Products | Coated | Engineered | ||||||||||||||||||||||
Aluminum | Products | |||||||||||||||||||||||
Balance at December 30, 2011 | $ | 71,987 | $ | 9,067 | $ | 103,292 | $ | 12,340 | $ | 196,686 | ||||||||||||||
Acquisition of Cleveland Tubing, Inc. | 256 | — | — | — | 256 | |||||||||||||||||||
Foreign currency translation | — | — | 1,873 | 560 | 2,433 | |||||||||||||||||||
Balance at December 31, 2012 | 72,243 | 9,067 | 105,165 | 12,900 | 199,375 | |||||||||||||||||||
Adjustment to Cleveland Tubing, Inc. | 48 | — | — | — | 48 | |||||||||||||||||||
Foreign currency translation | — | — | 4,384 | 246 | 4,630 | |||||||||||||||||||
Balance at December 31, 2013 | $ | 72,291 | $ | 9,067 | $ | 109,549 | $ | 13,146 | $ | 204,053 | ||||||||||||||
Intangible Assets | ' | |||||||||||||||||||||||
Intangible Assets | ||||||||||||||||||||||||
Intangible assets consisted of the following: | ||||||||||||||||||||||||
As of December 31, 2013 | As of December 31, 2012 | |||||||||||||||||||||||
Gross | Accumulated | Net | Gross | Accumulated | Net | |||||||||||||||||||
Carrying | Amortization | Carrying | Carrying | Amortization | Carrying | |||||||||||||||||||
Amount | Amount | Amount | Amount | |||||||||||||||||||||
Intangible assets subject to amortization: | ||||||||||||||||||||||||
Customer relationships | $ | 215,922 | $ | (175,291 | ) | $ | 40,631 | $ | 212,532 | $ | (157,943 | ) | $ | 54,589 | ||||||||||
Patents | 5,993 | (5,020 | ) | 973 | 5,800 | (4,425 | ) | 1,375 | ||||||||||||||||
221,915 | (180,311 | ) | 41,604 | 218,332 | (162,368 | ) | 55,964 | |||||||||||||||||
Intangible assets not subject to amortization: | ||||||||||||||||||||||||
Trade names | 6,100 | — | 6,100 | 6,100 | — | 6,100 | ||||||||||||||||||
Total intangible assets | $ | 228,015 | $ | (180,311 | ) | $ | 47,704 | $ | 224,432 | $ | (162,368 | ) | $ | 62,064 | ||||||||||
Future Amortization Expense | ' | |||||||||||||||||||||||
The aggregate amortization expense for intangible assets for 2013, 2012, and 2011 was $15.2 million, $16.1 million, and $18.1 million, respectively. The average useful lives of the Company's customer relationships and patents are 12 years and 10 years, respectively. Based on the carrying value of identified intangible assets recorded at December 31, 2013, and assuming no subsequent impairment of the underlying assets, the aggregate annual amortization expense for the next 5 years is expected to be as follows: | ||||||||||||||||||||||||
Amortization of | ||||||||||||||||||||||||
Intangible | ||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||
2014 | $ | 13,482 | ||||||||||||||||||||||
2015 | 11,900 | |||||||||||||||||||||||
2016 | 10,578 | |||||||||||||||||||||||
2017 | 4,427 | |||||||||||||||||||||||
2018 | 478 | |||||||||||||||||||||||
LongTerm_Obligations_Tables
Long-Term Obligations (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Schedule of Long-term Debt Instruments | ' | |||||||
Long-term debt obligations consisted of the following: | ||||||||
December 31, | December 31, | |||||||
2013 | 2012 | |||||||
Senior Secured Notes (9.5%) | $ | 375,000 | $ | 375,000 | ||||
Senior Unsecured Loan Facility (12.25%) | 123,640 | 123,188 | ||||||
ABL Credit Facility | 36,756 | 18,486 | ||||||
Total long term debt | $ | 535,396 | $ | 516,674 | ||||
Schedule of Redemption Rates on Senior Secured Notes | ' | |||||||
The Notes may be redeemed at the option of Euramax International, in whole or in part, under the conditions specified in the Indenture at the following redemption prices, plus accrued and unpaid interest to the redemption date if redeemed during the twelve-month period beginning on April 1 of the years indicated: | ||||||||
Year | Percentage | |||||||
2013 | 107.125 | % | ||||||
2014 | 104.75 | % | ||||||
2015 and thereafter | 100 | % | ||||||
Prepayment Rates on Senior Unsecured Loan Facility | ' | |||||||
Euramax International may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below: | ||||||||
Prepayment Date | Percentage | |||||||
On or after the second anniversary of the closing but prior to the third anniversary thereof | 103 | % | ||||||
On or after the third anniversary of the closing but prior to the fourth anniversary thereof | 102 | % | ||||||
On or after the fourth anniversary of the closing | 100 | % |
Fair_Value_Measurements_Deriva
Fair Value Measurements Derivative Instruments (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | |||||||||||||
Schedule Of The Effect Of Derivative Instruments [Abstract] | ' | |||||||||||||
The following table summarizes the effect of the Company's derivative instruments on the consolidated statements of operations for the years ended December 31, 2013, December 31, 2012, and December 30, 2011: | ||||||||||||||
Amount of Pretax Loss | ||||||||||||||
(Income) Recognized in Earnings | ||||||||||||||
Year Ended | ||||||||||||||
Location of Loss (Income) | December 31, 2013 | December 31, 2012 | December 30, 2011 | |||||||||||
Derivatives not designated as hedging instruments | ||||||||||||||
Foreign exchange contracts | Other loss (income) | $ | 364 | $ | 289 | $ | (613 | ) | ||||||
Stock_Compensation_Tables
Stock Compensation (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||
Stock Compensation | ' | ||||||
A summary of changes in unvested shares of restricted stock for the year ended December 31, 2013 are as follows: | |||||||
Number of | Weighted Average | ||||||
Shares | Grant Date | ||||||
Fair Value | |||||||
Outstanding at December 31, 2012 | 6,350 | $ | 658 | ||||
Granted | 2,100 | 453 | |||||
Vested | (4,227 | ) | 645 | ||||
Forfeited | (1,548 | ) | 668 | ||||
Outstanding at December 31, 2013 | 2,675 | $ | 512 | ||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) | ' | |||||||||||
The (benefit from) provision for income taxes is comprised of the following: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
United States | ||||||||||||
Federal | $ | (12,095 | ) | $ | 346 | $ | (116 | ) | ||||
State | 179 | 77 | 715 | |||||||||
Foreign | 201 | 72 | 1,913 | |||||||||
Total Current | (11,715 | ) | 495 | 2,512 | ||||||||
Deferred: | ||||||||||||
United States | ||||||||||||
Federal | 1,744 | 1,300 | 2,014 | |||||||||
State | (1,797 | ) | 212 | (399 | ) | |||||||
Foreign | (2,993 | ) | (3,730 | ) | (812 | ) | ||||||
Total Deferred | (3,046 | ) | (2,218 | ) | 803 | |||||||
$ | (14,761 | ) | $ | (1,723 | ) | $ | 3,315 | |||||
Schedule of Income before Income Tax, Domestic and Foreign | ' | |||||||||||
The U.S. and foreign components of loss from continuing operations before income taxes are as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
United States | $ | (22,438 | ) | $ | (21,215 | ) | $ | (55,991 | ) | |||
Foreign | (17,218 | ) | (17,276 | ) | (3,411 | ) | ||||||
$ | (39,656 | ) | $ | (38,491 | ) | $ | (59,402 | ) | ||||
Schedule of Effective Income Tax Rate Reconciliation | ' | |||||||||||
Reconciliation of the differences between income taxes computed at the U.S. Federal statutory tax rate and the Company's income tax benefit follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Tax benefit at U.S. Federal statutory rate | $ | (13,880 | ) | $ | (13,472 | ) | $ | (20,791 | ) | |||
State income taxes, net of U.S. Federal income tax benefit | (1,052 | ) | 188 | 205 | ||||||||
Earnings taxed at rates different than the U.S. Federal statutory rate | (6,051 | ) | (6,271 | ) | (6,049 | ) | ||||||
Changes in enacted tax rates | 488 | (63 | ) | 135 | ||||||||
Change in valuation allowances | 16,722 | 16,310 | 24,689 | |||||||||
Impact of changes in uncertain tax positions | (12,179 | ) | 386 | 938 | ||||||||
Foreign dividends | — | — | 2,889 | |||||||||
Other, net | 1,191 | 1,199 | 1,299 | |||||||||
$ | (14,761 | ) | $ | (1,723 | ) | $ | 3,315 | |||||
Schedule of Deferred Tax Assets and Liabilities | ' | |||||||||||
At December 31, 2013 and December 31, 2012, the tax-effected temporary differences are as follows: | ||||||||||||
Asset (Liability) | ||||||||||||
December 31, | December 31, | |||||||||||
2013 | 2012 | |||||||||||
Current deferred tax assets | ||||||||||||
Accrued expenses | $ | 1,200 | $ | 609 | ||||||||
Accounts receivable | 595 | 879 | ||||||||||
Inventories | (2 | ) | (149 | ) | ||||||||
Other | 1,790 | 1,642 | ||||||||||
Valuation allowance | (3,608 | ) | (2,921 | ) | ||||||||
Total Current | (25 | ) | 60 | |||||||||
Non-current deferred tax liabilities | ||||||||||||
Property, plant, and equipment | (20,392 | ) | (24,714 | ) | ||||||||
Customer relationships | (19,991 | ) | (23,394 | ) | ||||||||
Net operating losses | 89,678 | 74,137 | ||||||||||
Other liabilities | (975 | ) | 316 | |||||||||
Other | 5,765 | 8,117 | ||||||||||
Valuation allowance | (72,978 | ) | (54,813 | ) | ||||||||
Total non-current | (18,893 | ) | (20,351 | ) | ||||||||
Total, net | $ | (18,918 | ) | $ | (20,291 | ) | ||||||
Summary of Valuation Allowance | ' | |||||||||||
A reconciliation of the beginning and ending amount of world-wide valuation allowances is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | (57,734 | ) | $ | (46,323 | ) | $ | (20,027 | ) | |||
Additions | (18,852 | ) | (11,411 | ) | (26,296 | ) | ||||||
Reductions | — | — | — | |||||||||
Balance, end of year | $ | (76,586 | ) | $ | (57,734 | ) | $ | (46,323 | ) | |||
Summary of Income Tax Contingencies | ' | |||||||||||
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: | ||||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | (11,209 | ) | $ | (11,395 | ) | $ | (17,368 | ) | |||
Reductions for expiration of the applicable statute of limitations | 8,954 | — | — | |||||||||
Reductions for tax positions of prior years | 145 | 466 | — | |||||||||
Additions for tax positions of current year | — | (243 | ) | (2,067 | ) | |||||||
Additions for tax positions of prior years | — | — | (466 | ) | ||||||||
Reductions for tax positions of current year | — | — | 8,506 | |||||||||
Foreign currency translation | (82 | ) | (37 | ) | — | |||||||
Balance, end of year | $ | (2,192 | ) | $ | (11,209 | ) | $ | (11,395 | ) |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||
Changes in accumulated other comprehensive income (loss) by component for the year ended December 31, 2013 were as follows: | |||||||||||||
Foreign Currency Translation Adjustments | Defined Benefit Pension Plan Adjustments | Total | |||||||||||
Balance, beginning of period | $ | 20,096 | $ | (9,291 | ) | $ | 10,805 | ||||||
Other comprehensive income (loss) before reclassifications | (815 | ) | 603 | (212 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income (loss) | — | 328 | 328 | ||||||||||
Net other comprehensive income (loss) | (815 | ) | 931 | 116 | |||||||||
Balance, end of period | $ | 19,281 | $ | (8,360 | ) | $ | 10,921 | ||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||||||||||
Schedule of Net Funded Status | ' | |||||||||||||||||||||||||||||||
The following table sets forth the reconciliations of the change in projected benefit obligations and plan assets, the funded status of the Company's defined benefit plans and the amounts recognized in the Company's consolidated balance sheets: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
US | UK | US | UK | |||||||||||||||||||||||||||||
Change in benefit obligation: | ||||||||||||||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 13,052 | $ | 48,215 | $ | 11,778 | $ | 45,695 | ||||||||||||||||||||||||
Service cost | 64 | — | 59 | — | ||||||||||||||||||||||||||||
Interest cost | 519 | 2,046 | 513 | 2,371 | ||||||||||||||||||||||||||||
Actuarial (gain) loss | (1,648 | ) | 732 | 988 | 60 | |||||||||||||||||||||||||||
Benefits paid | (387 | ) | (1,933 | ) | (286 | ) | (1,995 | ) | ||||||||||||||||||||||||
Currency translation adjustment | — | 969 | — | 2,084 | ||||||||||||||||||||||||||||
Projected benefit obligation at end of year | 11,600 | 50,029 | 13,052 | 48,215 | ||||||||||||||||||||||||||||
Accumulated benefit obligation at end of year | 11,600 | 50,029 | 13,052 | 48,215 | ||||||||||||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||||||||||
Fair value of plan assets at beginning of year | 7,897 | 29,427 | 7,185 | 26,109 | ||||||||||||||||||||||||||||
Actual gain (loss) on plan assets | 1,744 | (200 | ) | 854 | 1,524 | |||||||||||||||||||||||||||
Expected return on assets | — | 1,661 | — | 1,680 | ||||||||||||||||||||||||||||
Employer contributions | 75 | 626 | 178 | 872 | ||||||||||||||||||||||||||||
Administrative expenses | (39 | ) | — | (34 | ) | — | ||||||||||||||||||||||||||
Benefits paid | (387 | ) | (1,933 | ) | (286 | ) | (1,995 | ) | ||||||||||||||||||||||||
Currency translation adjustment | — | 570 | — | 1,237 | ||||||||||||||||||||||||||||
Fair value of plan assets at end of year | 9,290 | 30,151 | 7,897 | 29,427 | ||||||||||||||||||||||||||||
Funded status | $ | (2,310 | ) | $ | (19,878 | ) | $ | (5,155 | ) | $ | (18,788 | ) | ||||||||||||||||||||
Amounts recognized in the consolidated balance sheets: | ||||||||||||||||||||||||||||||||
Other liabilities | $ | (2,310 | ) | $ | (19,878 | ) | $ | (5,155 | ) | $ | (18,788 | ) | ||||||||||||||||||||
Schedule of Net Periodic Benefit Cost Not Yet Recognized | ' | |||||||||||||||||||||||||||||||
Pre-tax amounts in accumulated other comprehensive income not yet recognized as components of net periodic pension cost are as follows: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
Net actuarial loss | $ | (8,115 | ) | $ | (10,134 | ) | ||||||||||||||||||||||||||
Net amounts recognized in balance sheets | $ | (8,115 | ) | $ | (10,134 | ) | ||||||||||||||||||||||||||
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||||||||||
Pre-tax amounts recognized in other comprehensive income consist of the following: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Net actuarial (loss) gain | $ | 2,730 | $ | (972 | ) | $ | (743 | ) | $ | 1,483 | $ | (2,448 | ) | $ | (3,300 | ) | ||||||||||||||||
Amortization of actuarial loss | 292 | 36 | 252 | 92 | 43 | — | ||||||||||||||||||||||||||
Adjustment (currency loss) | — | — | — | — | — | (25 | ) | |||||||||||||||||||||||||
Total recognized in other comprehensive income (loss) | $ | 3,022 | $ | (936 | ) | $ | (491 | ) | $ | 1,575 | $ | (2,405 | ) | $ | (3,325 | ) | ||||||||||||||||
Schedule of Assumptions Used | ' | |||||||||||||||||||||||||||||||
Weighted average assumptions used in computing the benefit obligations are as follows: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||||||
US | UK | US | UK | |||||||||||||||||||||||||||||
Weighted-average assumptions | ||||||||||||||||||||||||||||||||
Discount rate | 4.9 | % | 4.5 | % | 4.01 | % | 4.5 | % | ||||||||||||||||||||||||
Weighted average assumptions used in computing net periodic pension cost are as follows: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Weighted-average assumptions | ||||||||||||||||||||||||||||||||
Discount rate | 4.01 | % | 4.5 | % | 4.4 | % | 4.9 | % | 5.57 | % | 5.4 | % | ||||||||||||||||||||
Rate of compensation increases | — | — | — | — | — | — | ||||||||||||||||||||||||||
Expected long-term rate of return on plan assets | 8 | % | 6.17 | % | 8 | % | 6.47 | % | 8 | % | 6.78 | % | ||||||||||||||||||||
Schedule of Net Benefit Costs | ' | |||||||||||||||||||||||||||||||
Net periodic pension cost for the plans includes the following components: | ||||||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | |||||||||||||||||||||||||||
Components of net periodic pension cost | ||||||||||||||||||||||||||||||||
Service cost | $ | 64 | $ | — | $ | 59 | $ | — | $ | 59 | $ | — | ||||||||||||||||||||
Interest cost | 519 | 2,046 | 513 | 2,371 | 510 | 2,381 | ||||||||||||||||||||||||||
Expected return on assets | (623 | ) | (1,661 | ) | (576 | ) | (1,680 | ) | (555 | ) | (1,847 | ) | ||||||||||||||||||||
Amortization of actuarial loss | 292 | 36 | 252 | 92 | 43 | — | ||||||||||||||||||||||||||
Total Company defined benefit net periodic pension cost | 252 | 421 | 248 | 783 | 57 | 534 | ||||||||||||||||||||||||||
Multi-employer benefit expense | 1,158 | — | 1,303 | — | 1,247 | — | ||||||||||||||||||||||||||
Multi-employer pension withdrawal penalty | — | — | 39 | — | 1,200 | — | ||||||||||||||||||||||||||
Net periodic pension cost | $ | 1,410 | $ | 421 | $ | 1,590 | $ | 783 | $ | 2,504 | $ | 534 | ||||||||||||||||||||
Schedule of Allocation of Plan Assets | ' | |||||||||||||||||||||||||||||||
The following table sets forth the actual asset allocation for the plans as of December 31, 2013, December 31, 2012, and December 30, 2011 and the target asset allocation for the plans: | ||||||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | Target | |||||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||||||
US | UK | US | UK | US | UK | US | UK | |||||||||||||||||||||||||
Equity securities | 71 | % | — | % | 66 | % | — | % | 42 | % | 62 | % | 55 | % | — | % | ||||||||||||||||
Debt securities | 18 | % | 36 | % | 22 | % | 36 | % | 23 | % | 37 | % | 19 | % | 35 | % | ||||||||||||||||
Cash and cash equivalents | 1 | % | — | % | 1 | % | 1 | % | 27 | % | 1 | % | 3 | % | — | % | ||||||||||||||||
Investment funds | 10 | % | 64 | % | 11 | % | 63 | % | 8 | % | — | % | 23 | % | 65 | % | ||||||||||||||||
To develop the expected long-term rate of return on assets assumption, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension portfolio. | ||||||||||||||||||||||||||||||||
The investment strategy of the plans is to ensure, over the long-term life of the plan, an adequate pool of assets along with contributions by the Company to support the benefit obligations to participants, retirees, and beneficiaries. The Company desires to achieve market returns consistent with a prudent level of diversification. All investments are made solely in the interest of each plan's participants and beneficiaries for the exclusive purposes of providing benefits to such participants and their beneficiaries and defraying the expenses related to administering the plan. The target allocation of all assets is to reflect proper diversification in order to reduce the potential of a single security or single sector of securities having a disproportionate impact on the portfolio. The Company utilizes an outside investment consultant and investment manager to implement its investment strategy. Plan assets are generally invested in liquid funds that are selected to track broad market equity and bond indices. Investment performance of plan assets is reviewed semi-annually and the investment objectives are evaluated over rolling four year time periods. | ||||||||||||||||||||||||||||||||
The following table presents the fair value of the U.S. Plan pension assets classified under the appropriate level of fair value hierarchy as of December 31, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Asset Category | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Cash and cash equivalents(a) | $ | 88 | $ | — | $ | — | $ | 88 | $ | 125 | $ | — | $ | — | $ | 125 | ||||||||||||||||
Equity securities | ||||||||||||||||||||||||||||||||
U.S Equities (b) | 5,245 | — | — | 5,245 | 4,002 | — | — | 4,002 | ||||||||||||||||||||||||
Global Equities (c) | 1,298 | — | — | 1,298 | 1,191 | — | — | 1,191 | ||||||||||||||||||||||||
Debt securities (d) | 1,699 | — | — | 1,699 | 1,716 | — | — | 1,716 | ||||||||||||||||||||||||
Investment funds (e) | 960 | — | — | 960 | 863 | — | — | 863 | ||||||||||||||||||||||||
Total U.S. Plan Assets | $ | 9,290 | $ | — | $ | — | $ | 9,290 | $ | 7,897 | $ | — | $ | — | $ | 7,897 | ||||||||||||||||
(a) | Cash and cash equivalents consists of a short term investment in marketable securities valued at cost. | |||||||||||||||||||||||||||||||
(b) | U.S. equities consist of exchange traded funds valued at closing price on the active market which they are traded. | |||||||||||||||||||||||||||||||
(c) | Global equities consist of mutual funds invested in international equities. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on quoted market prices for underlying equities. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(d) | Debt securities consist of mutual funds invested in fixed income securities. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on market value of the underlying assets. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(e) | Investment funds consist of balanced equity and debt mutual funds. The value is based on net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on the market value of the underlying assets. The funds have regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
The following table presents the fair value of the UK Plan pension assets classified under the appropriate level of fair value hierarchy as of December 31, 2013 and December 31, 2012: | ||||||||||||||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||||||||||||||
Asset Category | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||||||
Cash and cash equivalents (f) | $ | 180 | $ | — | $ | — | $ | 180 | $ | 286 | $ | — | $ | — | $ | 286 | ||||||||||||||||
Debt securities (g) | 10,805 | — | — | 10,805 | 10,702 | — | — | 10,702 | ||||||||||||||||||||||||
Investment Funds (h) | 9,891 | 9,275 | — | 19,166 | 9,541 | 8,898 | — | 18,439 | ||||||||||||||||||||||||
Total UK Plan Assets | $ | 20,876 | $ | 9,275 | $ | — | $ | 30,151 | $ | 20,529 | $ | 8,898 | $ | — | $ | 29,427 | ||||||||||||||||
(f) | Cash and cash equivalents consists of cash held in bank accounts and short term investments valued at cost. | |||||||||||||||||||||||||||||||
(g) | Debt securities consist of a mutual fund invested in corporate bonds. The value is based on the net asset value of the fund divided by the number of shares outstanding, which is updated daily. The net asset value is based on market prices for underlying assets. The fund has regularly occurring transactions and regularly available pricing. | |||||||||||||||||||||||||||||||
(h) | Investment Funds consist of mutual and pooled pension funds. The value is based on the net asset value of the fund divided by the number of shares outstanding. The net asset value is based on market prices for underlying assets. The funds have regularly available pricing. The funds are classified as Level 1 or Level 2 based on the volume of market activity. | |||||||||||||||||||||||||||||||
Schedule of Expected Benefit Payments | ' | |||||||||||||||||||||||||||||||
Total benefit payments expected to be paid to participants from the plans are as follows: | ||||||||||||||||||||||||||||||||
Expected Benefit | ||||||||||||||||||||||||||||||||
Payments | ||||||||||||||||||||||||||||||||
US | UK | |||||||||||||||||||||||||||||||
2014 | $ | 263 | $ | 1,725 | ||||||||||||||||||||||||||||
2015 | 300 | 1,854 | ||||||||||||||||||||||||||||||
2016 | 339 | 1,884 | ||||||||||||||||||||||||||||||
2017 | 379 | 1,998 | ||||||||||||||||||||||||||||||
2018 | 438 | 2,113 | ||||||||||||||||||||||||||||||
2019 - 2023 | 3,168 | 12,156 | ||||||||||||||||||||||||||||||
Schedule of Multiemployer Plans | ' | |||||||||||||||||||||||||||||||
Plan Contributions | ||||||||||||||||||||||||||||||||
The Company’s participation in these plans for the annual period ended December 31, 2013, is outlined in the table below. The “EIN/Pension Plan Number” column provides the Employee Identification Number (EIN) and the three-digit plan number, if applicable. Unless otherwise noted, the most recent Pension Protection Act (PPA) zone status available in 2013 and 2012 is for the plan’s year-end as of December 31, 2012 and December 30, 2011, respectively. The zone status is based on information the Company received from the plan and is certified by the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. The “FIP/RP Status Pending/Implemented” column indicates plans for which a financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been implemented. This last column lists the expiration date(s) of the collective-bargaining agreement(s) to which the plans are subject. The Company's contributions to the Teamsters Pension Trust Fund of Philadelphia and Vicinity have not exceeded 5 percent of total plan contributions for the fiscal years 2013, 2012 or 2011. The Company's contributions to the Warehouse Employees Local 169 and Employers Joint Pension Fund exceeded 5 percent in 2013, 2012 and 2011. | ||||||||||||||||||||||||||||||||
Pension | Company Contributions (in thousands) | |||||||||||||||||||||||||||||||
Protection Act Zone Status | Expiration of Collective Bargaining Agreement | |||||||||||||||||||||||||||||||
Plan Name | EIN/Pension Plan Number | 2013 | 2012 | FIP/RP Status Implemented | 2013 | 2012 | 2011 | Surcharge Imposed | ||||||||||||||||||||||||
Teamsters Pension Trust Fund of Philadelphia and Vicinity (1) | 23-1511735/001 | Yellow | Yellow | Implemented | $ | 220 | $ | 213 | $ | 211 | No | 12/31/15 | ||||||||||||||||||||
Warehouse Employees Local 169 and Employers Joint Pension Fund | 23-6230368/001 | Red | Red | Implemented | $ | 938 | $ | 955 | $ | 1,036 | Yes | 12/31/17 | ||||||||||||||||||||
Total contributions | $ | 1,158 | $ | 1,168 | $ | 1,247 | ||||||||||||||||||||||||||
(1) The Trustees of the Teamsters Pension Trust Fund of Philadelphia and Vicinity elected to apply the special amortization and special asset valuation provisions provided for under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PRA 2010) for Plan Years beginning January 1, 2009 and later. The special amortization rule allows that portion of the plan’s experience loss attributable to net investment losses incurred in the year ended December 31, 2008 to be amortized over a 30-year period rather than a 15-year period. The special asset valuation rule allows the recognition of investment losses in the year ended December 31, 2008 to be spread over a 10-year period rather than a 5-year period. |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||||||||||
Schedule of Future Minimum Rental Payments for Operating Leases | ' | |||||||||||
Minimum commitments under long-term non-cancelable operating leases, principally for equipment and facilities at December 31, 2013, were as follows: | ||||||||||||
2014 | $ | 7,260 | ||||||||||
2015 | 5,876 | |||||||||||
2016 | 3,844 | |||||||||||
2017 | 2,823 | |||||||||||
2018 | 2,308 | |||||||||||
Thereafter | 14,723 | |||||||||||
$ | 36,834 | |||||||||||
Schedule of Product Warranty Liability | ' | |||||||||||
Changes in the product warranty accrual are summarized follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, | December 31, | December 30, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance, beginning of year | $ | 5,098 | $ | 5,050 | $ | 5,561 | ||||||
Payments made or service provided | (3,480 | ) | (2,849 | ) | (4,340 | ) | ||||||
Warranty expense | 3,639 | 2,948 | 3,445 | |||||||||
Foreign currency translation | 69 | (51 | ) | 384 | ||||||||
Balance, end of year | $ | 5,326 | $ | 5,098 | $ | 5,050 | ||||||
Other_Operating_Charges_Compon
Other Operating Charges Components of Other Operating Charges (Tables) | 12 Months Ended | |||||||||||
Dec. 31, 2013 | ||||||||||||
Components of Other Operating Costs [Abstract] | ' | |||||||||||
Schedule of Other Operating Cost and Expense, by Component | ' | |||||||||||
Other operating charges incurred by operating segment were as follows: | ||||||||||||
Year Ended | ||||||||||||
December 31, 2013 | December 31, 2012 | December 30, 2011 | ||||||||||
U.S. Residential Products | $ | 289 | $ | 590 | $ | 1,027 | ||||||
U.S. Commercial Products | 621 | 290 | 893 | |||||||||
European Roll Coated Aluminum | 497 | 683 | — | |||||||||
European Engineered Products | 5,472 | 3,406 | 682 | |||||||||
Other non-allocated | 2,286 | 1,456 | 5,802 | |||||||||
Total other operating charges | $ | 9,165 | $ | 6,425 | $ | 8,404 | ||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment | ' | |||||||||||||||||||||||||||
The following table presents information about reported segments for the years ended December 31, 2013, December 31, 2012 and December 30, 2011. | ||||||||||||||||||||||||||||
U.S. | U.S. Commercial Products | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Roll | Engineered | Non- | |||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2013 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 290,185 | $ | 278,274 | $ | 193,504 | $ | 64,709 | $ | — | $ | — | $ | 826,672 | ||||||||||||||
Intersegment | 726 | 435 | 217 | — | — | (1,378 | ) | — | ||||||||||||||||||||
Total net sales | $ | 290,911 | $ | 278,709 | $ | 193,721 | $ | 64,709 | $ | — | $ | (1,378 | ) | $ | 826,672 | |||||||||||||
Income (loss) from operations | $ | 18,911 | $ | (5,390 | ) | $ | 11,004 | $ | (6,849 | ) | $ | (10,658 | ) | $ | — | $ | 7,018 | |||||||||||
Depreciation and amortization | $ | 11,820 | $ | 11,333 | $ | 9,509 | $ | 1,846 | $ | 591 | $ | — | $ | 35,099 | ||||||||||||||
Capital expenditures | $ | 2,787 | $ | 2,016 | $ | 3,224 | $ | 1,612 | $ | 1,103 | $ | — | $ | 10,742 | ||||||||||||||
Total assets (1) | $ | 163,773 | $ | 107,053 | $ | 228,514 | $ | 52,331 | $ | 20,302 | $ | — | $ | 571,973 | ||||||||||||||
U.S. | U.S. Commercial Products | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Roll | Engineered | Non- | |||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2012 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 281,099 | $ | 292,304 | $ | 196,087 | $ | 67,650 | $ | — | $ | — | $ | 837,140 | ||||||||||||||
Intersegment | 951 | 519 | 519 | — | — | (1,989 | ) | — | ||||||||||||||||||||
Total net sales | $ | 282,050 | $ | 292,823 | $ | 196,606 | $ | 67,650 | $ | — | $ | (1,989 | ) | $ | 837,140 | |||||||||||||
Income (loss) from operations | $ | 22,489 | $ | (1,399 | ) | $ | 9,208 | $ | (6,586 | ) | $ | (12,357 | ) | $ | — | $ | 11,355 | |||||||||||
Depreciation and amortization | $ | 11,674 | $ | 10,774 | $ | 9,455 | $ | 2,480 | $ | 401 | $ | — | $ | 34,784 | ||||||||||||||
Capital expenditures | $ | 1,495 | $ | 1,255 | $ | 2,275 | $ | 627 | $ | 1,488 | $ | — | $ | 7,140 | ||||||||||||||
Total assets (1) | $ | 173,719 | $ | 115,525 | $ | 221,950 | $ | 55,898 | $ | 27,330 | $ | — | $ | 594,422 | ||||||||||||||
U.S. | U.S. Commercial | European | European | Other | Eliminations | Consolidated | ||||||||||||||||||||||
Residential | Products | Roll | Engineered | Non- | ||||||||||||||||||||||||
Products | Coated | Products | Allocated | |||||||||||||||||||||||||
Aluminum | ||||||||||||||||||||||||||||
2011 | ||||||||||||||||||||||||||||
Net sales: | ||||||||||||||||||||||||||||
Third party | $ | 305,366 | $ | 301,286 | $ | 243,497 | $ | 83,529 | $ | — | $ | — | $ | 933,678 | ||||||||||||||
Intersegment | 1,177 | 284 | 553 | — | — | (2,014 | ) | — | ||||||||||||||||||||
Total net sales | $ | 306,543 | $ | 301,570 | $ | 244,050 | $ | 83,529 | $ | — | $ | (2,014 | ) | $ | 933,678 | |||||||||||||
Income (loss) from operations (2) | $ | 18,226 | $ | (3,901 | ) | $ | 13,619 | $ | (2,055 | ) | $ | (15,595 | ) | $ | 10,294 | |||||||||||||
Depreciation and amortization | $ | 11,994 | $ | 11,004 | $ | 10,790 | $ | 3,086 | $ | 320 | $ | — | $ | 37,194 | ||||||||||||||
Capital expenditures | $ | 996 | $ | 3,558 | $ | 2,144 | $ | 1,629 | $ | 1,824 | $ | — | $ | 10,151 | ||||||||||||||
Total assets (1) | $ | 174,835 | $ | 117,709 | $ | 234,513 | $ | 63,579 | $ | 28,610 | $ | — | $ | 619,246 | ||||||||||||||
(1) Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable. | ||||||||||||||||||||||||||||
(2) Income from operations in our U.S. Residential Products Segment for the year ended December 30, 2011 included a $1.2 million charge for the early exit from a multiemployer pension plan. | ||||||||||||||||||||||||||||
Revenue from External Customers by Market | ' | |||||||||||||||||||||||||||
The following table reflects revenues from external customers by markets for the periods indicated. Revenues from external customers by groups of similar products have not been provided as it is impracticable to do so. | ||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||
Customer/Markets | Primary Products | December 31, 2013 | December 31, 2012 | December 30, 2011 | ||||||||||||||||||||||||
Original Equipment Manufacturers (OEMs) | Painted aluminum sheet and coil; fabricated painted aluminum, laminated and fiberglass panels; windows and roofing; and composite building panels | $ | 199,213 | $ | 202,556 | $ | 240,769 | |||||||||||||||||||||
Home Improvement Retailers | Rain carrying systems, roofing accessories, windows, doors and shower enclosures | 182,666 | 181,363 | 201,107 | ||||||||||||||||||||||||
Industrial and Architectural Contractors | Standing seam panels and siding and roofing accessories | 148,708 | 148,231 | 171,259 | ||||||||||||||||||||||||
Rural Contractors | Steel and aluminum roofing and siding | 135,296 | 144,398 | 143,921 | ||||||||||||||||||||||||
Distributors | Metal coils, rain carrying systems and roofing accessories | 88,300 | 91,505 | 101,085 | ||||||||||||||||||||||||
Home Improvement Contractors | Vinyl replacement windows; metal coils; rain carrying systems; metal roofing and insulated roofing panels; patio and entrance doors; and awnings | 40,645 | 35,674 | 38,227 | ||||||||||||||||||||||||
Manufactured Housing | Steel siding and trim components | 31,844 | 33,413 | 37,310 | ||||||||||||||||||||||||
$ | 826,672 | $ | 837,140 | $ | 933,678 | |||||||||||||||||||||||
Schedule of Revenue and Long-Lived Assets, by Geographical Areas | ' | |||||||||||||||||||||||||||
The following tables reflect net sales and long-lived asset information by geographic areas for the periods indicated: | ||||||||||||||||||||||||||||
Net Sales | ||||||||||||||||||||||||||||
Year Ended | ||||||||||||||||||||||||||||
December 31, | December 31, | December 30, | ||||||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||||||
United States | $ | 559,135 | $ | 564,254 | $ | 596,720 | ||||||||||||||||||||||
The Netherlands | 155,032 | 154,153 | 188,940 | |||||||||||||||||||||||||
United Kingdom | 69,433 | 72,699 | 92,574 | |||||||||||||||||||||||||
France | 33,748 | 36,886 | 45,513 | |||||||||||||||||||||||||
Canada | 9,324 | 9,148 | 9,931 | |||||||||||||||||||||||||
$ | 826,672 | $ | 837,140 | $ | 933,678 | |||||||||||||||||||||||
Long Lived Assets | ||||||||||||||||||||||||||||
December 31, | December 31, | |||||||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||||||
United States | $ | 62,186 | $ | 69,241 | ||||||||||||||||||||||||
The Netherlands | 37,367 | 36,428 | ||||||||||||||||||||||||||
United Kingdom | 15,523 | 19,732 | ||||||||||||||||||||||||||
France | 13,133 | 13,358 | ||||||||||||||||||||||||||
Canada | 1,905 | 2,449 | ||||||||||||||||||||||||||
$ | 130,114 | $ | 141,208 | |||||||||||||||||||||||||
Supplemental_Guarantor_Condens1
Supplemental Guarantor Condensed Financial Information (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Supplemental Guarantor Condensed Financial Information [Abstract] | ' | |||||||||||||||||||
Schedule of Condensed Balance Sheet | ' | |||||||||||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 1,700 | $ | 7,277 | $ | — | $ | 8,977 | ||||||||||
Accounts receivable, less allowance for doubtful accounts | — | 35,012 | 38,984 | — | 73,996 | |||||||||||||||
Inventories, net | — | 62,270 | 27,490 | — | 89,760 | |||||||||||||||
Income taxes receivable | — | 341 | 641 | — | 982 | |||||||||||||||
Deferred income taxes | — | 559 | 21 | — | 580 | |||||||||||||||
Other current assets | — | 5,462 | 1,546 | — | 7,008 | |||||||||||||||
Total current assets | — | 105,344 | 75,959 | — | 181,303 | |||||||||||||||
Property, plant, and equipment, net | — | 62,185 | 67,929 | 130,114 | ||||||||||||||||
Amounts due from affiliates | — | 229,101 | 18,828 | (247,929 | ) | — | ||||||||||||||
Goodwill | — | 81,359 | 122,694 | — | 204,053 | |||||||||||||||
Customer relationships, net | — | 24,626 | 16,005 | — | 40,631 | |||||||||||||||
Other intangible assets, net | — | 7,073 | — | — | 7,073 | |||||||||||||||
Investment in consolidated subsidiaries | (103,217 | ) | 2,407 | — | 100,810 | — | ||||||||||||||
Deferred income taxes | — | — | 87 | — | 87 | |||||||||||||||
Other assets | — | 4,185 | 4,527 | — | 8,712 | |||||||||||||||
Total assets | $ | (103,217 | ) | $ | 516,280 | $ | 306,029 | $ | (147,119 | ) | $ | 571,973 | ||||||||
Liabilities and Shareholders' (deficit) equity | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Accounts payable | $ | — | $ | 30,312 | $ | 26,950 | $ | — | $ | 57,262 | ||||||||||
Accrued expenses | 14 | 16,133 | 10,219 | — | 26,366 | |||||||||||||||
Accrued interest payable | — | 8,973 | 47 | — | 9,020 | |||||||||||||||
Deferred income taxes | — | — | 605 | — | 605 | |||||||||||||||
Total current liabilities | 14 | 55,418 | 37,821 | — | 93,253 | |||||||||||||||
Long-term debt | — | 535,396 | — | — | 535,396 | |||||||||||||||
Amounts due to affiliates | 5,332 | 12,086 | 230,511 | (247,929 | ) | — | ||||||||||||||
Deferred income taxes | — | 9,561 | 9,419 | — | 18,980 | |||||||||||||||
Other liabilities | — | 7,036 | 25,871 | — | 32,907 | |||||||||||||||
Total liabilities | 5,346 | 619,497 | 303,622 | (247,929 | ) | 680,536 | ||||||||||||||
Shareholders' (deficit) equity: | ||||||||||||||||||||
Common stock | 195 | — | 21 | (21 | ) | 195 | ||||||||||||||
Additional paid-in capital | 724,071 | 661,180 | 199,452 | (860,632 | ) | 724,071 | ||||||||||||||
Accumulated loss | (843,750 | ) | (775,318 | ) | (210,242 | ) | 985,560 | (843,750 | ) | |||||||||||
Accumulated other comprehensive income | 10,921 | 10,921 | 13,176 | (24,097 | ) | 10,921 | ||||||||||||||
Total shareholders' (deficit) equity | (108,563 | ) | (103,217 | ) | 2,407 | 100,810 | (108,563 | ) | ||||||||||||
Total liabilities & shareholders' (deficit) equity | $ | (103,217 | ) | $ | 516,280 | $ | 306,029 | $ | (147,119 | ) | $ | 571,973 | ||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Assets | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 1,574 | $ | 8,450 | $ | — | $ | 10,024 | ||||||||||
Accounts receivable, less allowance for doubtful accounts | — | 39,743 | 34,133 | — | 73,876 | |||||||||||||||
Inventories, net | — | 62,986 | 26,308 | — | 89,294 | |||||||||||||||
Income taxes receivable | — | 388 | 1,139 | — | 1,527 | |||||||||||||||
Deferred income taxes | — | 793 | 114 | — | 907 | |||||||||||||||
Other current assets | — | 3,358 | 1,431 | — | 4,789 | |||||||||||||||
Total current assets | — | 108,842 | 71,575 | — | 180,417 | |||||||||||||||
Property, plant, and equipment, net | — | 69,241 | 71,967 | 141,208 | ||||||||||||||||
Amounts due from affiliates | — | 218,957 | 30,651 | (249,608 | ) | — | ||||||||||||||
Goodwill | — | 81,310 | 118,065 | — | 199,375 | |||||||||||||||
Customer relationships, net | — | 33,620 | 20,969 | — | 54,589 | |||||||||||||||
Other intangible assets, net | — | 7,475 | — | — | 7,475 | |||||||||||||||
Investment in consolidated subsidiaries | (81,316 | ) | 18,549 | — | 62,767 | — | ||||||||||||||
Deferred income taxes | — | — | 68 | — | 68 | |||||||||||||||
Other assets | — | 6,225 | 5,065 | — | 11,290 | |||||||||||||||
Total assets | $ | (81,316 | ) | $ | 544,219 | $ | 318,360 | $ | (186,841 | ) | $ | 594,422 | ||||||||
Liabilities and Shareholders' equity (deficit) | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Accounts payable | $ | — | $ | 34,921 | $ | 20,962 | $ | — | $ | 55,883 | ||||||||||
Accrued expenses | 10 | 17,582 | 13,075 | — | 30,667 | |||||||||||||||
Accrued interest payable | — | 9,017 | — | — | 9,017 | |||||||||||||||
Deferred income taxes | — | — | 847 | — | 847 | |||||||||||||||
Total current liabilities | 10 | 61,520 | 34,884 | — | 96,414 | |||||||||||||||
Long-term debt | — | 516,674 | — | — | 516,674 | |||||||||||||||
Amounts due to affiliates | 4,666 | 15,844 | 229,098 | (249,608 | ) | — | ||||||||||||||
Deferred income taxes | — | 8,621 | 11,798 | — | 20,419 | |||||||||||||||
Other liabilities | — | 22,876 | 24,031 | — | 46,907 | |||||||||||||||
Total liabilities | 4,676 | 625,535 | 299,811 | (249,608 | ) | 680,414 | ||||||||||||||
Shareholders' equity (deficit): | ||||||||||||||||||||
Common stock | 189 | — | 21 | (21 | ) | 189 | ||||||||||||||
Additional paid-in capital | 721,869 | 658,970 | 199,452 | (858,422 | ) | 721,869 | ||||||||||||||
Accumulated loss | (818,855 | ) | (751,091 | ) | (195,851 | ) | 946,942 | (818,855 | ) | |||||||||||
Accumulated other comprehensive income | 10,805 | 10,805 | 14,927 | (25,732 | ) | 10,805 | ||||||||||||||
Total shareholders' (deficit) equity | (85,992 | ) | (81,316 | ) | 18,549 | 62,767 | (85,992 | ) | ||||||||||||
Total liabilities & shareholders' (deficit) equity | $ | (81,316 | ) | $ | 544,219 | $ | 318,360 | $ | (186,841 | ) | $ | 594,422 | ||||||||
Schedule of Condensed Income Statement | ' | |||||||||||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net sales | $ | — | $ | 597,779 | $ | 347,811 | $ | (11,912 | ) | $ | 933,678 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 507,136 | 289,941 | (11,912 | ) | 785,165 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 594 | 58,191 | 32,636 | — | 91,421 | |||||||||||||||
Depreciation and amortization | — | 22,859 | 14,335 | — | 37,194 | |||||||||||||||
Other operating charges | — | 7,718 | 686 | — | 8,404 | |||||||||||||||
Multiemployer pension withdrawal expense | — | 1,200 | — | — | 1,200 | |||||||||||||||
Income (loss) from operations | (594 | ) | 675 | 10,213 | — | 10,294 | ||||||||||||||
Equity in earnings of subsidiaries | (62,123 | ) | (4,514 | ) | — | 66,637 | — | |||||||||||||
Interest expense | — | (52,163 | ) | (3,416 | ) | — | (55,579 | ) | ||||||||||||
Intercompany interest (income) expense | — | 14,698 | (14,698 | ) | — | — | ||||||||||||||
Other (loss) income, net | — | (18,606 | ) | 4,489 | — | (14,117 | ) | |||||||||||||
Loss before income taxes | (62,717 | ) | (59,910 | ) | (3,412 | ) | 66,637 | (59,402 | ) | |||||||||||
Provision for income taxes | — | 2,213 | 1,102 | — | 3,315 | |||||||||||||||
Net loss | $ | (62,717 | ) | $ | (62,123 | ) | $ | (4,514 | ) | $ | 66,637 | $ | (62,717 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Total | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net sales | $ | — | $ | 565,237 | $ | 281,912 | $ | (10,009 | ) | $ | 837,140 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 474,058 | 236,996 | (10,009 | ) | 701,045 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 318 | 55,752 | 27,422 | — | 83,492 | |||||||||||||||
Depreciation and amortization | — | 22,403 | 12,381 | — | 34,784 | |||||||||||||||
Other operating charges | — | 2,336 | 4,089 | — | 6,425 | |||||||||||||||
Multiemployer pension withdrawal expense | — | 39 | — | — | 39 | |||||||||||||||
Income (loss) from operations | (318 | ) | 10,649 | 1,024 | — | 11,355 | ||||||||||||||
Equity in earnings of subsidiaries | (36,450 | ) | (13,618 | ) | — | 50,068 | — | |||||||||||||
Interest expense | — | (53,859 | ) | (999 | ) | — | (54,858 | ) | ||||||||||||
Intercompany interest income (expense) | — | 17,353 | (17,353 | ) | — | — | ||||||||||||||
Other income, net | — | 4,960 | 52 | — | 5,012 | |||||||||||||||
Loss before income taxes | (36,768 | ) | (34,515 | ) | (17,276 | ) | 50,068 | (38,491 | ) | |||||||||||
(Benefit from) provision for income taxes | — | 1,935 | (3,658 | ) | — | (1,723 | ) | |||||||||||||
Net loss | $ | (36,768 | ) | $ | (36,450 | ) | $ | (13,618 | ) | $ | 50,068 | $ | (36,768 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Total | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net sales | $ | — | $ | 561,277 | $ | 272,942 | $ | (7,547 | ) | $ | 826,672 | |||||||||
Costs and expenses: | ||||||||||||||||||||
Cost of goods sold (excluding depreciation and amortization) | — | 479,813 | 227,696 | (7,547 | ) | 699,962 | ||||||||||||||
Selling and general (excluding depreciation and amortization) | 668 | 49,670 | 25,090 | — | 75,428 | |||||||||||||||
Depreciation and amortization | — | 23,349 | 11,750 | — | 35,099 | |||||||||||||||
Other operating charges | — | 3,196 | 5,969 | — | 9,165 | |||||||||||||||
Income (loss) from operations | (668 | ) | 5,249 | 2,437 | — | 7,018 | ||||||||||||||
Equity in earnings of subsidiaries | (24,227 | ) | (14,391 | ) | — | 38,618 | — | |||||||||||||
Interest expense | — | (52,888 | ) | (1,190 | ) | — | (54,078 | ) | ||||||||||||
Intercompany interest income (expense) | — | 17,678 | (17,678 | ) | — | — | ||||||||||||||
Other income (loss), net | — | 8,191 | (787 | ) | — | 7,404 | ||||||||||||||
Loss before income taxes | (24,895 | ) | (36,161 | ) | (17,218 | ) | 38,618 | (39,656 | ) | |||||||||||
Benefit from income taxes | — | (11,934 | ) | (2,827 | ) | — | (14,761 | ) | ||||||||||||
Net loss | $ | (24,895 | ) | $ | (24,227 | ) | $ | (14,391 | ) | $ | 38,618 | $ | (24,895 | ) | ||||||
Schedule Of Condensed Statement Of Comprehensive Income (Loss) | ' | |||||||||||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (62,717 | ) | $ | (62,123 | ) | $ | (4,514 | ) | $ | 66,637 | $ | (62,717 | ) | ||||||
Other comprehensive income (loss): | ||||||||||||||||||||
Foreign currency translation adjustment | 2,380 | 2,380 | 2,092 | (4,472 | ) | 2,380 | ||||||||||||||
Pension liability adjustment, net of tax | (5,837 | ) | (5,837 | ) | (3,351 | ) | 9,188 | (5,837 | ) | |||||||||||
Total other comprehensive loss | $ | (3,457 | ) | $ | (3,457 | ) | $ | (1,259 | ) | $ | 4,716 | $ | (3,457 | ) | ||||||
Total comprehensive loss | $ | (66,174 | ) | $ | (65,580 | ) | $ | (5,773 | ) | $ | 71,353 | $ | (66,174 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (24,895 | ) | $ | (24,227 | ) | $ | (14,391 | ) | $ | 38,618 | $ | (24,895 | ) | ||||||
Other comprehensive income (loss): | ||||||||||||||||||||
Foreign currency translation adjustment | (815 | ) | (815 | ) | (815 | ) | 1,630 | (815 | ) | |||||||||||
Pension liability adjustment, net of tax | 931 | 931 | (936 | ) | 5 | 931 | ||||||||||||||
Total other comprehensive income (loss) | $ | 116 | $ | 116 | $ | (1,751 | ) | $ | 1,635 | $ | 116 | |||||||||
Total comprehensive loss | $ | (24,779 | ) | $ | (24,111 | ) | $ | (16,142 | ) | $ | 40,253 | $ | (24,779 | ) | ||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||
Net loss | $ | (36,768 | ) | $ | (36,450 | ) | $ | (13,618 | ) | $ | 50,068 | $ | (36,768 | ) | ||||||
Other comprehensive income: | ||||||||||||||||||||
Foreign currency translation adjustment | 80 | 80 | 367 | (447 | ) | 80 | ||||||||||||||
Pension liability adjustment, net of tax | 953 | 953 | 1,196 | (2,149 | ) | 953 | ||||||||||||||
Total other comprehensive income | $ | 1,033 | $ | 1,033 | $ | 1,563 | $ | (2,596 | ) | $ | 1,033 | |||||||||
Total comprehensive loss | $ | (35,735 | ) | $ | (35,417 | ) | $ | (12,055 | ) | $ | 47,472 | $ | (35,735 | ) | ||||||
Schedule of Condensed Cash Flow Statement | ' | |||||||||||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 31, 2013 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash used in operating activities | $ | — | $ | (7,396 | ) | $ | (2,919 | ) | $ | — | $ | (10,315 | ) | |||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 324 | 2,022 | — | 2,346 | |||||||||||||||
Capital expenditures | — | (5,829 | ) | (4,913 | ) | — | (10,742 | ) | ||||||||||||
Distribution from affiliate | — | — | 5,068 | (5,068 | ) | — | ||||||||||||||
Net cash used in investing activities | — | (5,505 | ) | 2,177 | (5,068 | ) | (8,396 | ) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 18,270 | — | — | 18,270 | |||||||||||||||
Deferred financing fees | — | (175 | ) | — | — | (175 | ) | |||||||||||||
Distribution to affiliate | — | (5,068 | ) | — | 5,068 | — | ||||||||||||||
Net cash provided by financing activities | — | 13,027 | — | 5,068 | 18,095 | |||||||||||||||
Effect of exchange rate changes on cash | — | — | (431 | ) | — | (431 | ) | |||||||||||||
Net (decrease) increase in cash and cash equivalents | — | 126 | (1,173 | ) | — | (1,047 | ) | |||||||||||||
Cash and cash equivalents at beginning of year | — | 1,574 | 8,450 | — | 10,024 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 1,700 | $ | 7,277 | $ | — | $ | 8,977 | ||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 31, 2012 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (539 | ) | $ | 4,524 | $ | — | $ | 3,985 | |||||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 1,317 | 4 | — | 1,321 | |||||||||||||||
Capital expenditures | — | (4,158 | ) | (2,982 | ) | — | (7,140 | ) | ||||||||||||
Purchase of a business, net of cash acquired | — | (6,445 | ) | — | — | (6,445 | ) | |||||||||||||
Distribution to affiliate | — | — | (2,165 | ) | 2,165 | — | ||||||||||||||
Net cash used in investing activities | — | (9,286 | ) | (5,143 | ) | 2,165 | (12,264 | ) | ||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 8,280 | — | — | 8,280 | |||||||||||||||
Deferred financing fees | — | (8 | ) | (26 | ) | — | (34 | ) | ||||||||||||
Distribution from affiliate | — | 2,165 | — | (2,165 | ) | — | ||||||||||||||
Net cash provided by (used in) financing activities | — | 10,437 | (26 | ) | (2,165 | ) | 8,246 | |||||||||||||
Effect of exchange rate changes on cash | — | — | (4,270 | ) | — | (4,270 | ) | |||||||||||||
Net (decrease) increase in cash and cash equivalents | — | 612 | (4,915 | ) | — | (4,303 | ) | |||||||||||||
Cash and cash equivalents at beginning of year | — | 962 | 13,365 | — | 14,327 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 1,574 | $ | 8,450 | $ | — | $ | 10,024 | ||||||||||
EURAMAX HOLDINGS, INC. AND SUBSIDIARIES | ||||||||||||||||||||
CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||
For the Year Ended December 30, 2011 | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||
Parent | Issuer | Non-Guarantor | Eliminations | Consolidated | ||||||||||||||||
Subsidiaries | ||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | — | $ | (15,469 | ) | $ | 34,065 | $ | — | $ | 18,596 | |||||||||
Cash flows from investing activities: | ||||||||||||||||||||
Proceeds from sale of assets | — | 79 | 355 | — | 434 | |||||||||||||||
Capital expenditures | — | (6,289 | ) | (3,862 | ) | — | (10,151 | ) | ||||||||||||
Contributed capital to subsidiaries | — | (99,930 | ) | — | 99,930 | — | ||||||||||||||
Return of capital from subsidiaries | — | 151,083 | — | (151,083 | ) | — | ||||||||||||||
Distribution to affiliate | — | (132,896 | ) | — | 132,896 | — | ||||||||||||||
Net cash (used in) provided by investing activities | — | (87,953 | ) | (3,507 | ) | 81,743 | (9,717 | ) | ||||||||||||
Cash flow from financing activities: | ||||||||||||||||||||
Net borrowings on ABL Credit Facility | — | 10,205 | — | — | 10,205 | |||||||||||||||
Net repayments on First Lien Credit Facility | — | (302,394 | ) | (109,634 | ) | — | (412,028 | ) | ||||||||||||
Borrowings under Senior Secured Notes | — | 375,000 | — | — | 375,000 | |||||||||||||||
Borrowings under Senior Unsecured Notes | — | 19,812 | — | — | 19,812 | |||||||||||||||
Contributed capital to subsidiaries | — | — | 99,930 | (99,930 | ) | — | ||||||||||||||
Return of capital | — | — | (151,083 | ) | 151,083 | — | ||||||||||||||
Deferred financing fees | — | (6,510 | ) | (4,113 | ) | — | (10,623 | ) | ||||||||||||
Distribution from affiliate | — | — | 132,896 | (132,896 | ) | — | ||||||||||||||
Net cash used in financing activities | — | 96,113 | (32,004 | ) | (81,743 | ) | (17,634 | ) | ||||||||||||
Effect of exchange rate changes on cash | — | — | (1,820 | ) | — | (1,820 | ) | |||||||||||||
Net decrease in cash and cash equivalents | — | (7,309 | ) | (3,266 | ) | — | (10,575 | ) | ||||||||||||
Cash and cash equivalents at beginning of year | — | 8,271 | 16,631 | — | 24,902 | |||||||||||||||
Cash and cash equivalents at end of year | $ | — | $ | 962 | $ | 13,365 | $ | — | $ | 14,327 | ||||||||||
Quarterly_Results_of_Operation1
Quarterly Results of Operations (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information | ' | ||||||||||||||||
First Quarter | Second Quarter | Third Quarter | Fourth Quarter | ||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
Net sales | $ | 172,545 | $ | 229,861 | $ | 227,835 | $ | 196,431 | |||||||||
Cost of sales, excluding depreciation and amortization | 149,170 | 190,461 | 188,792 | 171,539 | |||||||||||||
Depreciation and amortization | 8,593 | 8,450 | 8,514 | 9,542 | |||||||||||||
Operating income (loss) | (7,432 | ) | 9,884 | 8,687 | (4,121 | ) | |||||||||||
(Loss) income before income taxes | (27,375 | ) | (1,859 | ) | 3,177 | (13,599 | ) | ||||||||||
Net (loss) income | $ | (28,116 | ) | $ | (1,556 | ) | $ | 16,259 | $ | (11,482 | ) | ||||||
Year Ended December 31, 2012 | |||||||||||||||||
Net Sales | $ | 198,683 | $ | 223,792 | $ | 219,173 | $ | 195,492 | |||||||||
Cost of sales, excluding depreciation and amortization | 166,565 | 185,135 | 182,557 | 166,788 | |||||||||||||
Depreciation and amortization | 8,681 | 8,633 | 8,624 | 8,846 | |||||||||||||
Operating income (loss) | (286 | ) | 8,065 | 6,610 | (3,034 | ) | |||||||||||
Loss before income taxes | (7,778 | ) | (14,659 | ) | (3,290 | ) | (12,764 | ) | |||||||||
Net loss | $ | (8,120 | ) | $ | (15,592 | ) | $ | (1,175 | ) | $ | (11,881 | ) |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
Aug. 14, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
entities | ||||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | ' |
Number of facilities | ' | 36 | ' | ' |
Number of North American facilities | ' | 31 | ' | ' |
Number of European facilities | ' | 5 | ' | ' |
Business combination, consideration transferred | $6,400,000 | ' | ' | ' |
Trade accounts receivable | ' | 69,800,000 | 69,300,000 | ' |
Percent likely that a tax benefit recognized | ' | 50.00% | ' | ' |
Advertising expense | ' | 3,100,000 | 3,300,000 | 2,800,000 |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ' | ' | ' | ' |
Balance, beginning of year | ' | 2,751,000 | 4,391,000 | 5,742,000 |
Balance, end of year | ' | 2,235,000 | 2,751,000 | 4,391,000 |
Allowance for Doubtful Accounts | ' | ' | ' | ' |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ' | ' | ' | ' |
Charges to costs and expenses | ' | 290,000 | 364,000 | 18,000 |
Write-offs and other activity | ' | -838,000 | -2,037,000 | -1,319,000 |
Foreign currency translation | ' | ($32,000) | ($33,000) | ($50,000) |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies Property Plant and Equipment (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Other Income | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax [Abstract] | ' | ' | ' |
Foreign currency transaction gain (loss), before tax | $7.60 | $4.90 | ($13) |
Minimum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Fiscal Year Duration | '52 | '52 weeks | '52 weeks |
Maximum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Fiscal Year Duration | '53 | ' | ' |
Equipment | Minimum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, useful life | '3 years | ' | ' |
Equipment | Maximum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, useful life | '37 years | ' | ' |
Buildings | Minimum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, useful life | '10 years | ' | ' |
Buildings | Maximum | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, useful life | '25 years | ' | ' |
Inventories_Details
Inventories (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Inventory Disclosure [Abstract] | ' | ' | ' |
Aluminum and steel coil | $58,153 | $59,651 | ' |
Raw materials | 15,291 | 14,520 | ' |
Work in process | 1,936 | 1,598 | ' |
Finished products | 14,380 | 13,525 | ' |
Inventories, net | 89,760 | 89,294 | ' |
Summary of Obsolete Inventory Reserve [Roll Forward] | ' | ' | ' |
Balance, beginning of year | 2,911 | 3,009 | 2,405 |
Charges to costs and expenses | 3,972 | 4,386 | 3,626 |
Write-offs | -4,487 | -4,534 | -2,998 |
Foreign currency translation | 45 | 50 | -24 |
Balance, end of year | $2,441 | $2,911 | $3,009 |
Property_Plant_and_Equipment_D
Property, Plant, and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | $277,150,000 | $270,756,000 | ' |
Less accumulated depreciation | -147,036,000 | -129,548,000 | ' |
Property, plant and equipment, net | 130,114,000 | 141,208,000 | ' |
Property Plant and Equipment Income Statement Disclosures [Abstract] | ' | ' | ' |
Depreciation | 19,900,000 | 18,600,000 | 19,100,000 |
Capitalized computer software, gross | 6,700,000 | 9,600,000 | ' |
Capitalized computer software, amortization | 4,300,000 | 3,500,000 | 3,400,000 |
Land and Land Improvements | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 22,868,000 | 23,324,000 | ' |
Buildings | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 57,555,000 | 61,410,000 | ' |
Machinery and Equipment | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | 192,779,000 | 181,081,000 | ' |
Construction in Progress | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, plant and equipment, gross | $3,948,000 | $4,941,000 | ' |
Goodwill_and_Intangible_Assets2
Goodwill and Intangible Assets (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
segments | ||
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | $199,375,000 | $196,686,000 |
Acquisition of Cleveland Tubing, Inc. | ' | 256,000 |
Foreign currency translation | 4,630,000 | 2,433,000 |
Adjustment to Cleveland Tubing, Inc. | 48,000 | ' |
Goodwill, ending balance | 204,053,000 | 199,375,000 |
Goodwill, Impaired [Abstract] | ' | ' |
Number of operating segments | 5 | ' |
Number of reportable segments | 4 | ' |
U.S. Residential Products | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 72,243,000 | 71,987,000 |
Acquisition of Cleveland Tubing, Inc. | ' | 256,000 |
Foreign currency translation | 0 | 0 |
Adjustment to Cleveland Tubing, Inc. | 48,000 | ' |
Goodwill, ending balance | 72,291,000 | 72,243,000 |
Goodwill, Impaired [Abstract] | ' | ' |
Goodwill, impaired, accumulated impairment loss | 150,900,000 | 151,200,000 |
U.S. Commercial Products | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 9,067,000 | 9,067,000 |
Acquisition of Cleveland Tubing, Inc. | ' | 0 |
Foreign currency translation | 0 | 0 |
Adjustment to Cleveland Tubing, Inc. | 0 | ' |
Goodwill, ending balance | 9,067,000 | 9,067,000 |
Goodwill, Impaired [Abstract] | ' | ' |
Goodwill, impaired, accumulated impairment loss | 58,700,000 | 58,700,000 |
European Roll Coated Aluminum | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 105,165,000 | 103,292,000 |
Acquisition of Cleveland Tubing, Inc. | ' | 0 |
Foreign currency translation | 4,384,000 | 1,873,000 |
Adjustment to Cleveland Tubing, Inc. | 0 | ' |
Goodwill, ending balance | 109,549,000 | 105,165,000 |
Goodwill, Impaired [Abstract] | ' | ' |
Goodwill, impaired, accumulated impairment loss | 60,200,000 | 57,800,000 |
European Engineered Products | ' | ' |
Goodwill [Roll Forward] | ' | ' |
Goodwill, beginning balance | 12,900,000 | 12,340,000 |
Acquisition of Cleveland Tubing, Inc. | ' | 0 |
Foreign currency translation | 246,000 | 560,000 |
Adjustment to Cleveland Tubing, Inc. | 0 | ' |
Goodwill, ending balance | 13,146,000 | 12,900,000 |
Goodwill, Impaired [Abstract] | ' | ' |
Goodwill, impaired, accumulated impairment loss | $10,200,000 | $10,000,000 |
Number of reportable segments | 1 | ' |
Unidentified Business Segment [Member] | ' | ' |
Goodwill, Impaired [Abstract] | ' | ' |
Number of operating segments | 2 | ' |
Goodwill_and_Intangible_Assets3
Goodwill and Intangible Assets Schedule of Finite and Indefinite-Lived Intangible Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite lived intangible assets, gross | $221,915,000 | $218,332,000 | ' |
Accumulated amortization | -180,311,000 | -162,368,000 | ' |
Finite lived intangible assets, net | 40,631,000 | 54,589,000 | ' |
Finite lived intangible assets including customer relationships, net | 41,604,000 | 55,964,000 | ' |
Intangible assets, gross (excluding goodwill) | 228,015,000 | 224,432,000 | ' |
Indefinite and finite lived intangible assets accumulated amortization | 180,311,000 | 162,368,000 | ' |
Intangible assets including customer relationships, net (excluding goodwill) | 47,704,000 | 62,064,000 | ' |
Intangible asset amortization expense, [Abstract] | ' | ' | ' |
Amortization of intangible assets | 15,200,000 | 16,100,000 | 18,100,000 |
2014 | 13,482,000 | ' | ' |
2015 | 11,900,000 | ' | ' |
2016 | 10,578,000 | ' | ' |
2017 | 4,427,000 | ' | ' |
2018 | 478,000 | ' | ' |
Trade Names | ' | ' | ' |
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Indefinite lived intangible assets, gross | 6,100,000 | 6,100,000 | ' |
Indefinite lived intangible assets accumulate amortization | 0 | 0 | ' |
Indefinite lived intangible assets, net | 6,100,000 | 6,100,000 | ' |
Customer Relationships | ' | ' | ' |
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite lived intangible assets, gross | 215,922,000 | 212,532,000 | ' |
Accumulated amortization | -175,291,000 | -157,943,000 | ' |
Finite lived intangible assets, net | 40,631,000 | 54,589,000 | ' |
Intangible asset amortization expense, [Abstract] | ' | ' | ' |
Finite-lived intangible asset, useful life | '12 years | ' | ' |
Patents | ' | ' | ' |
Schedule of Finite and Indefinite-Lived Intangible Assets [Line Items] | ' | ' | ' |
Finite lived intangible assets, gross | 5,993,000 | 5,800,000 | ' |
Accumulated amortization | -5,020,000 | -4,425,000 | ' |
Finite lived intangible assets, net | $973,000 | $1,375,000 | ' |
Intangible asset amortization expense, [Abstract] | ' | ' | ' |
Finite-lived intangible asset, useful life | '10 years | ' | ' |
LongTerm_Obligations_Details
Long-Term Obligations (Details) (USD $) | 12 Months Ended | 12 Months Ended | |||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | Dec. 30, 2011 | Mar. 18, 2011 | Mar. 16, 2011 | |
Other Assets | Senior notes | Senior notes | Senior notes | Unsecured debt | Unsecured debt | Unsecured debt | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | |||||
Senior Secured Notes (9.50%) | Senior Secured Notes (9.50%) | Senior Secured Notes (9.50%) | Senior Unsecured Loan Facility (12.25%) | Senior Unsecured Loan Facility (12.25%) | Senior Unsecured Loan Facility (12.25%) | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | First Lien Credit Agreement | First Lien Credit Agreement | First Lien Credit Agreement | ||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | $535,396,000 | $516,674,000 | ' | ' | ' | $375,000,000 | $375,000,000 | ' | $123,640,000 | $123,188,000 | ' | $36,756,000 | $18,486,000 | ' | ' | ' | $514,700,000 |
Debt instrument, face amount | ' | ' | ' | ' | ' | 375,000,000 | 375,000,000 | 375,000,000 | 125,000,000 | ' | 125,000,000 | ' | ' | ' | ' | ' | 525,300,000 |
Debt instrument, issuance price as % of face value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 98.00% | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 70,000,000 | ' | ' | ' |
Existing loans exchanged for new loans under the new senior unsecured loan facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 102,700,000 | ' |
Cash exchanged for loans under the senior unsecured loan facility | ' | ' | ' | 19,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, unamortized discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | ' | ' | ' | ' | ' | ' |
Gains (losses) on extinguishment of debt | 0 | 0 | -1,477,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,500,000 | ' | ' |
Deferred finance costs, gross | ' | ' | ' | ' | 10,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | 36,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 514,700,000 |
Long-term debt, maturities, repayments of principal in year four | $500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Obligations_Senior_Se
Long-Term Obligations Senior Secured Notes (Details) (Senior Secured Notes (9.50%), USD $) | 1 Months Ended | 0 Months Ended | |||||||
In Millions, unless otherwise specified | Jan. 26, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 |
Senior notes | Senior notes | Senior notes | Senior notes | Senior notes | Senior notes | Senior notes | Senior notes | Line of credit | |
Change of control | 2013 | 2014 | 2015 and thereafter | ||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | ' | $375 | $375 | $375 | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | 9.50% | ' | ' | ' | ' | ' |
Foreign restricted subsidiaries, percent of voting capital stock, collateral | ' | ' | ' | ' | ' | ' | ' | ' | 65.00% |
Foreign restricted subsidiaries, percent of non-voting capital stock collateral | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% |
Prepayment redemption price percentages | ' | ' | ' | ' | 101.00% | 107.13% | 104.75% | 100.00% | ' |
Debt instrument, aggregate principal amount redeemed, percentage | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Obligations_Senior_Un
Long-Term Obligations Senior Unsecured Loan Facility (Details) (Unsecured debt, Senior Unsecured Loan Facility (12.25%), USD $) | Dec. 31, 2013 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Sep. 27, 2013 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 18, 2011 |
In Millions, unless otherwise specified | Change of control | On or after the second anniversary of the closing but prior to the third anniversary thereof | On or after the third anniversary of the closing but prior to the fourth anniversary thereof | On or after the fourth anniversary of the closing | No paid interest in kind election | No paid interest in kind election | With paid interest in kind election | With paid interest in kind election | With paid interest in kind election | ||
Cash Interest Portion | Paid In Kind Interest Portion | ||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | $125 | $125 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | ' | ' | ' | ' | ' | 12.25% | 14.25% | 7.88% | 6.38% |
Debt Instrument, interest rate, effective percentage | ' | ' | ' | ' | ' | ' | 12.25% | ' | ' | ' | ' |
Prepayment redemption price percentages | ' | ' | ' | 103.00% | 102.00% | 100.00% | ' | ' | ' | ' | ' |
Potentional required purchase price upon change of control, percentage of purchase price | ' | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Obligations_ABL_Credi
Long-Term Obligations ABL Credit Facility (Details) (Line of credit, ABL Credit Facility, USD $) | 0 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||
In Millions, unless otherwise specified | Mar. 18, 2011 | Dec. 31, 2013 | Mar. 25, 2013 | Dec. 31, 2013 | Mar. 18, 2011 | Dec. 31, 2013 | Mar. 18, 2011 | Mar. 18, 2011 | Mar. 21, 2014 | Mar. 18, 2011 | Dec. 31, 2013 | Mar. 21, 2014 | Dec. 31, 2013 | Mar. 21, 2014 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 21, 2014 | Dec. 31, 2013 | Mar. 21, 2014 |
London Interbank Offered Rate (LIBOR) | London Interbank Offered Rate (LIBOR) | Base Rate | Federal Funds | Minimum | Minimum | Minimum | Minimum | Minimum | Minimum | Minimum | Maximum | Maximum | Maximum | Maximum | Maximum | Maximum | ||||
Subsequent Event | Subsequent Event | London Interbank Offered Rate (LIBOR) | London Interbank Offered Rate (LIBOR) | Base Rate | Base Rate | London Interbank Offered Rate (LIBOR) | London Interbank Offered Rate (LIBOR) | Base Rate | Base Rate | |||||||||||
Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | |||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | $70 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, remaining borrowing capacity | ' | 12.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 1.75% | 1.00% | 1.00% | ' | ' | 2.75% | 2.25% | 1.75% | 1.25% |
Minimum excess availability reserve | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt convenant, required fixed charge coverage ratio when excess availability is less than 15% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.15 | ' | ' | ' | ' | ' |
Debt covenant, required fixed charge coverage ratio | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument basis spread on variable rate alternative | ' | ' | ' | ' | 1.00% | ' | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marginal interest rate on combined fixed and variable rate | ' | ' | ' | 2.50% | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, weighted average interest rate | ' | 3.07% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, unused capacity, commitment fee percentage | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' | ' |
Foreign restricted subsidiaries, percent of voting capital stock, collateral | 65.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign restricted subsidiaries, percent of non-voting capital stock collateral | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amended excess availability threshold percenatge that triggers a minimum consolidated fixed charge coverage ratio | ' | ' | 12.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Excess availability threshold percentage that triggers a minimum consolidated fixed charge coverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.50% | 12.50% | ' | ' | ' | ' |
LongTerm_Obligations_Dutch_Rev
Long-Term Obligations Dutch Revolving Credit Facility (Details) (Line of credit, Dutch Revolving Credit Facility, USD $) | 0 Months Ended | ||
In Millions, unless otherwise specified | Feb. 28, 2012 | Feb. 03, 2012 | Dec. 31, 2013 |
Line of Credit Facility [Line Items] | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | $15 | ' | ' |
Debt instrument, maturity date | ' | 1-Apr-16 | ' |
Line of credit facility, commitment fee percentage | 0.35% | ' | ' |
Line of credit facility, remaining borrowing capacity | ' | ' | $20.60 |
Euribor Rate | ' | ' | ' |
Line of Credit Facility [Line Items] | ' | ' | ' |
Debt instrument, basis spread on variable rate | 2.00% | ' | ' |
Financial_Instruments_Details
Financial Instruments (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Senior notes | Senior notes | Senior notes | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Operating Expense | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | Not Designated as Hedging Instrument | |
Senior Secured Notes | Senior Secured Notes | Senior Secured Notes | Senior notes | Senior notes | European Engineered Products | Foreign Exchange Contract | Foreign Exchange Contract | Foreign Exchange Contract | Foreign Exchange Contract | Foreign Exchange Contract | Foreign Exchange Contract | Foreign Exchange Contract | |
Senior Secured Notes | Senior Secured Notes | U.K. | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Other Income | Other Income | Other Income | ||||||
Accrued Liabilities | Accrued Liabilities | ||||||||||||
Derivatives, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain (Loss) on Derivative, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $364,000 | $289,000 | ($613,000) |
Derivative liability fair value | ' | ' | ' | ' | ' | ' | ' | ' | -200,000 | -200,000 | ' | ' | ' |
Derivative notional amount | ' | ' | ' | ' | ' | ' | 9,400,000 | 9,000,000 | ' | ' | ' | ' | ' |
Capitalized computer software, impairments | ' | ' | ' | ' | ' | 1,100,000 | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, face amount | 375,000,000 | 375,000,000 | 375,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, fair value | ' | ' | ' | $375,000,000 | $348,800,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Common_Stock_Details
Common Stock (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Class of Stock [Line Items] | ' | ' |
Common stock, shares authorized | 1,200,000 | ' |
Common Class A | ' | ' |
Class of Stock [Line Items] | ' | ' |
Common stock, shares authorized | 600,000 | 600,000 |
Common stock, par or stated value per share | $1 | $1 |
Common stock, shares, issued | 194,852 | ' |
Common stock, voting rights | '1 | ' |
Common Class B | ' | ' |
Class of Stock [Line Items] | ' | ' |
Common stock, shares authorized | 600,000 | ' |
Common stock, par or stated value per share | $1 | ' |
Common stock, voting rights | '10 | ' |
Stock_Compensation_Details
Stock Compensation (Details) (USD $) | 12 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 24, 2009 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | |
Common Class A | Common Class A | Restricted Stock | Restricted Stock | Restricted Stock | Restricted Stock | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock and Restricted Stock Units | Restricted Stock Units (RSUs) | Restricted Stock Units (RSUs) | ||||
Common Class A | Common Class A | Common Class A | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Selling, General and Administrative Expenses | Common Class A | Common Class A | Common Class A | Common Class A | Common Class A | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, capital shares reserved for future issuance | ' | ' | ' | ' | ' | ' | ' | ' | 21,737 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted Stock Award and Restricted Stock Units [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at December 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,350 | ' | ' | ' | ' |
Granted | ' | ' | ' | ' | ' | ' | 1,600 | 800 | ' | ' | ' | ' | ' | 2,100 | ' | ' | 500 | 400 |
Vested | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,227 | ' | ' | ' | ' |
Forfeited | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,548 | ' | ' | ' | ' |
Outstanding at December 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,675 | 6,350 | ' | ' | ' |
Restricted Stock Award and Restricted Stock Units Weighted Average [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding at December 31, 2012 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $658 | ' | ' | ' | ' |
Granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $453 | $784 | $577 | ' | ' |
Vested | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $645 | ' | ' | ' | ' |
Forfeited | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $668 | ' | ' | ' | ' |
Outstanding at Decemver 31, 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $512 | $658 | ' | ' | ' |
Vesting period | ' | ' | ' | ' | ' | ' | ' | ' | ' | '4 years | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based compensation | $2,208,000 | $3,036,000 | $3,050,000 | ' | ' | ' | ' | ' | ' | ' | $2,200,000 | $3,000,000 | $3,000,000 | ' | ' | ' | ' | ' |
Fair value inputs, discount rate | ' | ' | ' | 11.00% | 10.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value inputs, discount for lack of marketability | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minority interest discount | ' | ' | ' | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized stock based compensation cost | ' | ' | ' | ' | ' | $1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized stock based compensation, period for recognition | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Current [Abstract] | ' | ' | ' |
Federal | ($12,095) | $346 | ($116) |
State | 179 | 77 | 715 |
Foreign | 201 | 72 | 1,913 |
Total Current | -11,715 | 495 | 2,512 |
Deferred [Abstract] | ' | ' | ' |
Federal | 1,744 | 1,300 | 2,014 |
State | -1,797 | 212 | -399 |
Foreign | -2,993 | -3,730 | -812 |
Total Deferred | -3,046 | -2,218 | 803 |
Income Tax Expense (Benefit) | ($14,761) | ($1,723) | $3,315 |
Income_Taxes_Schedule_of_Incom
Income Taxes Schedule of Income from continuing operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Loss from continuing operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
United States | ' | ' | ' | ' | ' | ' | ' | ' | ($22,438) | ($21,215) | ($55,991) |
Foreign | ' | ' | ' | ' | ' | ' | ' | ' | -17,218 | -17,276 | -3,411 |
Loss before income taxes | ($13,599) | $3,177 | ($1,859) | ($27,375) | ($12,764) | ($3,290) | ($14,659) | ($7,778) | ($39,656) | ($38,491) | ($59,402) |
Income_Taxes_Income_Taxes_Reco
Income Taxes Income Taxes - Reconciliation between Federal Statutory rate and Income Tax Benefit (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Income Tax Expense (Benefit), Income Tax Reconciliation [Abstract] | ' | ' | ' |
Tax benefit at U.S. Federal statutory rate | ($13,880) | ($13,472) | ($20,791) |
State income taxes, net of U.S. Federal income tax benefit | -1,052 | 188 | 205 |
Earnings taxed at rates different than the U.S. Federal statutory rate | -6,051 | -6,271 | -6,049 |
Changes in enacted tax rates | 488 | -63 | 135 |
Change in valuation allowances | 16,722 | 16,310 | 24,689 |
Impact of changes in uncertain tax positions | -12,179 | 386 | 938 |
Foreign dividends | 0 | 0 | 2,889 |
Other, net | 1,191 | 1,199 | 1,299 |
Income Tax Expense (Benefit) | ($14,761) | ($1,723) | $3,315 |
Income_Taxes_Income_Taxes_Sche
Income Taxes Income Taxes - Schedule of temporary differences (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | ' | ' |
Accrued expenses | $1,200,000 | $609,000 |
Accounts receivable | 595,000 | 879,000 |
Inventories | -2,000 | -149,000 |
Other | 1,790,000 | 1,642,000 |
Valuation allowance | -3,608,000 | -2,921,000 |
Total Current | 25,000 | -60,000 |
Property, plant, and equipment | -20,392,000 | -24,714,000 |
Customer relationships | -19,991,000 | -23,394,000 |
Net operating losses | 89,678,000 | 74,137,000 |
Other liabilities | -975,000 | 316,000 |
Other | 5,765,000 | 8,117,000 |
Valuation allowance | -72,978,000 | -54,813,000 |
Total non-current | -18,893,000 | -20,351,000 |
Total, net | -18,918,000 | -20,291,000 |
Deferred Tax Assets, Gross | 72,700,000 | 88,300,000 |
Deferred Tax Liabilities, Gross | -15,000,000 | -50,900,000 |
Operating Loss Carryforwards [Line Items] | ' | ' |
Net operating loss carryforward beginning year | '2013 | ' |
Net operating loss carryforward expiration ending year | '2033 | ' |
Internal Revenue Service (IRS) | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' |
NOL Carryforwards | 143,300,000 | ' |
State and Local Jurisdiction | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' |
NOL Carryforwards | 677,400,000 | ' |
Foreign Tax Authority | ' | ' |
Operating Loss Carryforwards [Line Items] | ' | ' |
NOL Carryforwards | $39,000,000 | ' |
Income_Taxes_Valuation_Allowan
Income Taxes Valuation Allowance Rollforward (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Valuation Allowance Rollforward [Abstract] | ' | ' | ' |
Balance, beginning of year | ($57,734) | ($46,323) | ($20,027) |
Additions | -18,852 | -11,411 | -26,296 |
Reductions | 0 | 0 | 0 |
Balance, end of year | ($76,586) | ($57,734) | ($46,323) |
Income_Taxes_Reconciliation_of
Income Taxes Reconciliation of unrecognized tax benefits (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Sep. 27, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Reconciliation of Unrecognized Tax Benefits [Roll Forward] | ' | ' | ' | ' |
Balance, beginning of year | ' | ($11,209,000) | ($11,395,000) | ($17,368,000) |
Reductions for expiration of the applicable statute of limitations | 9,000,000 | 8,954,000 | 0 | 0 |
Reductions for tax positions of prior years | ' | 145,000 | 466,000 | 0 |
Additions for tax positions of current year | ' | 0 | 243,000 | 2,067,000 |
Additions for tax positions of prior years | ' | 0 | 0 | -466,000 |
Reductions for tax positions of current year | ' | 0 | 0 | 8,506,000 |
Foreign currency translation | ' | -82,000 | -37,000 | 0 |
Balance, end of year | ' | -2,192,000 | -11,209,000 | -11,395,000 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense [Abstract] | ' | ' | ' | ' |
Unrecognized tax benefits, increases resulting from settlements with taxing authorities | ' | 2,200,000 | 11,200,000 | ' |
Unrecognized tax benefits, income tax penalties and interest accrued | ' | 200,000 | 3,300,000 | 2,900,000 |
Unrecognized tax benefits, income tax penalties and interest expense | ' | 3,200,000 | 400,000 | 400,000 |
UnrecognizedTaxBenefitsReductionsInInterestandPenaltiesAccruedResultingFromLapseOfApplicableStatuteOfLimitations | $3,200,000 | ' | ' | ' |
Time period that uncertain tax positions not expected to materially change | ' | '12 months | ' | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Balance, beginning of period | $10,805,000 | ' | ' |
Other comprehensive income (loss) before reclassifications | -212,000 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 328,000 | ' | ' |
Net other comprehensive income (loss) | 116,000 | 1,033,000 | -3,457,000 |
Balance, end of period | 10,921,000 | 10,805,000 | ' |
Accumulated other comprehensive income (loss), tax effect related to defined benefit pension plan adjustments | -300,000 | 900,000 | ' |
Accumulated Translation Adjustment | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Balance, beginning of period | 20,096,000 | ' | ' |
Other comprehensive income (loss) before reclassifications | -815,000 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | ' | ' |
Net other comprehensive income (loss) | -815,000 | 80,000 | 2,380,000 |
Balance, end of period | 19,281,000 | 20,096,000 | ' |
Accumulated Defined Benefit Plans Adjustment | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Balance, beginning of period | -9,291,000 | ' | ' |
Other comprehensive income (loss) before reclassifications | 603,000 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 328,000 | ' | ' |
Net other comprehensive income (loss) | 931,000 | 953,000 | -5,837,000 |
Balance, end of period | ($8,360,000) | ($9,291,000) | ' |
Employee_Benefit_Plans_Details
Employee Benefit Plans (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2013 | Jul. 01, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | ||||
plan | U.S. Commercial Products | Scenario, Previously Reported | Teamsters Pension Trust Fund of Philadelphia and Vicinity [Member] | Teamsters Pension Trust Fund of Philadelphia and Vicinity [Member] | Teamsters Pension Trust Fund of Philadelphia and Vicinity [Member] | Warehouse Employees Local 169 and Employers Joint Pension Fund [Member] | Warehouse Employees Local 169 and Employers Joint Pension Fund [Member] | Warehouse Employees Local 169 and Employers Joint Pension Fund [Member] | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.S. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | U.K. Plan | ||||||||
U.S. Commercial Products | plan | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Change In Benefit Obligation | Change In Benefit Obligation | Change In Plan Assets | Change In Plan Assets | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Equity Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Global Equities | Global Equities | Global Equities | Global Equities | Global Equities | Global Equities | Global Equities | Global Equities | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Change In Benefit Obligation | Change In Benefit Obligation | Change In Plan Assets | Change In Plan Assets | Equity Securities | Equity Securities | Equity Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Debt Securities | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Cash and Cash Equivalents | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | Money Market Funds | |||||||||||||||||||||
Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 1 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 2 | Fair Value, Inputs, Level 3 | Fair Value, Inputs, Level 3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Change in benefit obligation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Projected benefit obligation at beginning of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,052,000 | $11,778,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $48,215,000 | $45,695,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Service cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 64,000 | 59,000 | 59,000 | ' | ' | ' | ' | ' | ' | 64,000 | 59,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 519,000 | 513,000 | 510,000 | ' | ' | ' | ' | ' | ' | 519,000 | 513,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,046,000 | 2,371,000 | 2,381,000 | ' | ' | ' | ' | ' | ' | 2,046,000 | 2,371,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Actuarial (gain) loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,648,000 | 988,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 732,000 | 60,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Benefits paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -387,000 | -286,000 | -387,000 | -286,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,933,000 | -1,995,000 | -1,933,000 | -1,995,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 969,000 | 2,084,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Projected benefit obligation at end of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,600,000 | 13,052,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,029,000 | 48,215,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Accumulated benefit obligation at end of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,600,000 | 13,052,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,029,000 | 48,215,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair value of plan assets at beginning of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,897,000 | ' | ' | 9,290,000 | 7,897,000 | 0 | 0 | 0 | 0 | ' | ' | 7,897,000 | 7,185,000 | 4,002,000 | ' | ' | 5,245,000 | 4,002,000 | 0 | 0 | 0 | 0 | 1,716,000 | ' | ' | 1,699,000 | 1,716,000 | 0 | 0 | 0 | 0 | 125,000 | ' | ' | 88,000 | 125,000 | 0 | 0 | 0 | 0 | 863,000 | ' | ' | 960,000 | 863,000 | 0 | 0 | 0 | 0 | 1,298,000 | 1,191,000 | 1,298,000 | 1,191,000 | 0 | 0 | 0 | 0 | 29,427,000 | ' | ' | 20,876,000 | 20,529,000 | 9,275,000 | 8,898,000 | 0 | 0 | ' | ' | 29,427,000 | 26,109,000 | ' | ' | ' | 10,702,000 | ' | ' | 10,805,000 | 10,702,000 | 0 | 0 | 0 | 0 | 286,000 | ' | ' | 180,000 | 286,000 | 0 | 0 | 0 | 0 | 18,439,000 | ' | ' | 9,891,000 | 9,541,000 | 9,275,000 | 8,898,000 | 0 | 0 | |||
Actual gain (loss) on plan assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,744,000 | 854,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -200,000 | 1,524,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Expected return on assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 623,000 | 576,000 | 555,000 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,661,000 | 1,680,000 | 1,847,000 | ' | ' | ' | ' | ' | ' | ' | ' | 1,661,000 | 1,680,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Employer contributions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | 178,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 626,000 | 872,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Administrative expenses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -39,000 | -34,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Benefits paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 387,000 | 286,000 | 387,000 | 286,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,933,000 | 1,995,000 | 1,933,000 | 1,995,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 570,000 | 1,237,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair value of plan assets at end of year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,290,000 | 7,897,000 | ' | 9,290,000 | 7,897,000 | 0 | 0 | 0 | 0 | ' | ' | 9,290,000 | 7,897,000 | 5,245,000 | ' | ' | 5,245,000 | 4,002,000 | 0 | 0 | 0 | 0 | 1,699,000 | ' | ' | 1,699,000 | 1,716,000 | 0 | 0 | 0 | 0 | 88,000 | ' | ' | 88,000 | 125,000 | 0 | 0 | 0 | 0 | 960,000 | ' | ' | 960,000 | 863,000 | 0 | 0 | 0 | 0 | 1,298,000 | 1,191,000 | 1,298,000 | 1,191,000 | 0 | 0 | 0 | 0 | 30,151,000 | 29,427,000 | ' | 20,876,000 | 20,529,000 | 9,275,000 | 8,898,000 | 0 | 0 | ' | ' | 30,151,000 | 29,427,000 | ' | ' | ' | 10,805,000 | ' | ' | 10,805,000 | 10,702,000 | 0 | 0 | 0 | 0 | 180,000 | ' | ' | 180,000 | 286,000 | 0 | 0 | 0 | 0 | 19,166,000 | ' | ' | 9,891,000 | 9,541,000 | 9,275,000 | 8,898,000 | 0 | 0 | |||
Funded status | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,310,000 | -5,155,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,878,000 | -18,788,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Other liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,310,000 | -5,155,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -19,878,000 | -18,788,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net actuarial loss | -8,115,000 | -10,134,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net amounts recognized in balance sheets | -8,115,000 | -10,134,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net actuarial (loss) gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,730,000 | -743,000 | -2,448,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -972,000 | 1,483,000 | -3,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization of actuarial loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 292,000 | 252,000 | 43,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,000 | 92,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Adjustment (currency loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total recognized in other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,022,000 | -491,000 | -2,405,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -936,000 | 1,575,000 | -3,325,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Estimated future employer contributions in next fiscal year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.90% | 4.01% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 4.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Discount Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.01% | 4.40% | 5.57% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.50% | 4.90% | 5.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Rate of Compensation Increases | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Expected long-term rate of return on plan assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.00% | 8.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.17% | 6.47% | 6.78% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Service cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 64,000 | 59,000 | 59,000 | ' | ' | ' | ' | ' | ' | 64,000 | 59,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Interest cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 519,000 | 513,000 | 510,000 | ' | ' | ' | ' | ' | ' | 519,000 | 513,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,046,000 | 2,371,000 | 2,381,000 | ' | ' | ' | ' | ' | ' | 2,046,000 | 2,371,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Expected return on assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -623,000 | -576,000 | -555,000 | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,661,000 | -1,680,000 | -1,847,000 | ' | ' | ' | ' | ' | ' | ' | ' | -1,661,000 | -1,680,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amortization of actuarial loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 292,000 | 252,000 | 43,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 36,000 | 92,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Total Company defined benefit net periodic pension cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 252,000 | 248,000 | 57,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 421,000 | 783,000 | 534,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multi-employer benefit expense | 1,158,000 | 1,168,000 | 1,247,000 | ' | ' | ' | ' | 220,000 | [1] | 213,000 | [1] | 211,000 | [1] | 938,000 | 955,000 | 1,036,000 | 1,158,000 | 1,303,000 | 1,247,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Multi-employer pension withdrawal penalty | 0 | 39,000 | 1,200,000 | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | 0 | 39,000 | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Net periodic pension cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,410,000 | 1,590,000 | 2,504,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 421,000 | 783,000 | 534,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Assets, Target Allocations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Actual plan ssset allocations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71.00% | 66.00% | 42.00% | ' | ' | ' | ' | ' | ' | 18.00% | 22.00% | 23.00% | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | 27.00% | ' | ' | ' | ' | ' | ' | 10.00% | 11.00% | 8.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | 0.00% | 62.00% | 36.00% | 36.00% | 37.00% | ' | ' | ' | ' | ' | ' | 0.00% | 1.00% | 1.00% | ' | ' | ' | ' | ' | ' | 64.00% | 63.00% | 0.00% | ' | ' | ' | ' | ' | ' | |||
Target plan asset allocations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 55.00% | ' | ' | ' | ' | ' | ' | ' | ' | 19.00% | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | 23.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | |||
Investment objectives, evaluation period | '4 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined Benefit Plan, Information about U.S. plan assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair value of plan assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,290,000 | 7,897,000 | ' | 9,290,000 | 7,897,000 | 0 | 0 | 0 | 0 | ' | ' | 9,290,000 | 7,897,000 | 5,245,000 | ' | ' | 5,245,000 | 4,002,000 | 0 | 0 | 0 | 0 | 1,699,000 | ' | ' | 1,699,000 | 1,716,000 | 0 | 0 | 0 | 0 | 88,000 | ' | ' | 88,000 | 125,000 | 0 | 0 | 0 | 0 | 960,000 | ' | ' | 960,000 | 863,000 | 0 | 0 | 0 | 0 | 1,298,000 | 1,191,000 | 1,298,000 | 1,191,000 | 0 | 0 | 0 | 0 | 30,151,000 | 29,427,000 | ' | 20,876,000 | 20,529,000 | 9,275,000 | 8,898,000 | 0 | 0 | ' | ' | 30,151,000 | 29,427,000 | ' | ' | ' | 10,805,000 | ' | ' | 10,805,000 | 10,702,000 | 0 | 0 | 0 | 0 | 180,000 | ' | ' | 180,000 | 286,000 | 0 | 0 | 0 | 0 | 19,166,000 | ' | ' | 9,891,000 | 9,541,000 | 9,275,000 | 8,898,000 | 0 | 0 | |||
Defined Benefit Plan, Information about U.K. plan assets [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Fair value of plan assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,290,000 | 7,897,000 | ' | 9,290,000 | 7,897,000 | 0 | 0 | 0 | 0 | ' | ' | 9,290,000 | 7,897,000 | 5,245,000 | ' | ' | 5,245,000 | 4,002,000 | 0 | 0 | 0 | 0 | 1,699,000 | ' | ' | 1,699,000 | 1,716,000 | 0 | 0 | 0 | 0 | 88,000 | ' | ' | 88,000 | 125,000 | 0 | 0 | 0 | 0 | 960,000 | ' | ' | 960,000 | 863,000 | 0 | 0 | 0 | 0 | 1,298,000 | 1,191,000 | 1,298,000 | 1,191,000 | 0 | 0 | 0 | 0 | 30,151,000 | 29,427,000 | ' | 20,876,000 | 20,529,000 | 9,275,000 | 8,898,000 | 0 | 0 | ' | ' | 30,151,000 | 29,427,000 | ' | ' | ' | 10,805,000 | ' | ' | 10,805,000 | 10,702,000 | 0 | 0 | 0 | 0 | 180,000 | ' | ' | 180,000 | 286,000 | 0 | 0 | 0 | 0 | 19,166,000 | ' | ' | 9,891,000 | 9,541,000 | 9,275,000 | 8,898,000 | 0 | 0 | |||
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 263,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,725,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2015 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,854,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2016 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 339,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,884,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2017 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 379,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,998,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2018 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 438,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,113,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
2019 - 2023 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,168,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,156,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multiemployer Plans [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Number of multiemployer plans participating in | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multiemployer pension withdrawal | 0 | 39,000 | 1,200,000 | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | 0 | 39,000 | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multiemployer plans, withdrawal obligation | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Withdrawal obligation settlement period | ' | ' | ' | ' | ' | '20 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multiemployer plans, collective-bargaining arrangement, percentage of employer's contributions | 500.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Multiemployer plan, period contributions | 1,158,000 | 1,168,000 | 1,247,000 | ' | ' | ' | ' | 220,000 | [1] | 213,000 | [1] | 211,000 | [1] | 938,000 | 955,000 | 1,036,000 | 1,158,000 | 1,303,000 | 1,247,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of loss period | ' | ' | ' | '15 years | '30 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Investment loss recognition period | ' | ' | ' | '5 years | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Supplemental executive retirement plan liability | 200,000 | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Number of defined contribution plans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Defined contribution plan, employer discretionary contribution amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $700,000 | $600,000 | $600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,200,000 | $2,200,000 | $2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
[1] | The Trustees of the Teamsters Pension Trust Fund of Philadelphia and Vicinity elected to apply the special amortization and special asset valuation provisions provided for under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (PRA 2010) for Plan Years beginning January 1, 2009 and later. The special amortization rule allows that portion of the plan’s experience loss attributable to net investment losses incurred in the year ended December 31, 2008 to be amortized over a 30-year period rather than a 15-year period. The special asset valuation rule allows the recognition of investment losses in the year ended December 31, 2008 to be spread over a 10-year period rather than a 5-year period. |
Employee_Benefit_Plans_Phantom
Employee Benefit Plans Phantom Stock (Details) (Phantom Stock Plan, USD $) | 1 Months Ended | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | 31-May-11 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
payment | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Number of installment payments | 2 | ' | ' | ' |
Reversal of contingency related to a long term employee incentive plan | ' | $2.40 | ' | ' |
Phantom stock compensation expense | ' | -1.6 | -0.3 | -1.3 |
Maximum | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Phantom Stock Expected Future Payout | ' | 1.3 | ' | ' |
Minimum | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Phantom Stock Expected Future Payout | ' | $1.10 | ' | ' |
Phantom Share Units (PSUs) | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Phantom stock shares issued in period | ' | 1,000 | ' | 386 |
Phantom Share Units (PSUs) | Maximum | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Phantom stock shares authorized | ' | 5,000 | ' | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 0 Months Ended | 12 Months Ended | ||
Sep. 25, 1996 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
sites | ||||
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' |
2014 | ' | $7,260,000 | ' | ' |
2015 | ' | 5,876,000 | ' | ' |
2016 | ' | 3,844,000 | ' | ' |
2017 | ' | 2,823,000 | ' | ' |
2018 | ' | 2,308,000 | ' | ' |
Thereafter | ' | 14,723,000 | ' | ' |
Operating leases, future minimum payments due | ' | 36,834,000 | ' | ' |
Operating leases, rent expense | ' | 11,800,000 | 11,600,000 | 12,500,000 |
Long-term purchase commitment, amount | ' | 15,700,000 | ' | ' |
Number of national priorities list sites for which the company is indemnified for substantially all costs related to specifically identified environmental matters | 11 | ' | ' | ' |
Number of national priorities list sites for which the company is indemnified for certain potential costs related to specifically identified environmental matters | 9 | ' | ' | ' |
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward] | ' | ' | ' | ' |
Balance, beginning of year | ' | 5,098,000 | 5,050,000 | 5,561,000 |
Payments made or service provided | ' | -3,480,000 | -2,849,000 | -4,340,000 |
Warranty expense | ' | 3,639,000 | 2,948,000 | 3,445,000 |
Foreign currency translation | ' | 69,000 | -51,000 | 384,000 |
Balance, end of year | ' | $5,326,000 | $5,098,000 | $5,050,000 |
Minimum | ' | ' | ' | ' |
Guarantor Obligations [Line Items] | ' | ' | ' | ' |
Warranty period | ' | '1 year | ' | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies Collective Bargaining (Details) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 13.50% | 13.30% | 11.10% |
Workforce Subject to Collective Bargaining Arrangements | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 10.10% | ' | ' |
Work Force Council | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 26.90% | ' | ' |
Workforce Subject to Collective Bargaining Arrangements Expiring within One Year | ' | ' | ' |
Concentration Risk [Line Items] | ' | ' | ' |
Concentration risk, percentage | 1.70% | ' | ' |
RelatedParty_Transactions_Deta
Related-Party Transactions (Details) (Senior Unsecured Loan Facility, Unsecured debt, USD $) | 12 Months Ended | |||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Mar. 18, 2011 |
Senior Unsecured Loan Facility | Unsecured debt | ' | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' | ' |
Debt instrument, face amount | $125 | ' | ' | $125 |
Interest expense, related party | $15.30 | $15.60 | $12.20 | ' |
Other_Operating_Charges_Detail
Other Operating Charges (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | $9,165,000 | $6,425,000 | $8,404,000 |
Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 9,165,000 | 6,425,000 | 8,404,000 |
Debt issuance cost | ' | ' | 2,900,000 |
Operating Expense | U.S. and Europe | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other severance and nonrecurring costs | 1,700,000 | 1,700,000 | 4,100,000 |
Operating Expense | North America | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Nondebtor reorganization items, legal and advisory professional fees | ' | 1,000,000 | ' |
Operating Expense | Europe | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Nondebtor reorganization items, legal and advisory professional fees | ' | ' | 1,200,000 |
U.S. Residential Products | Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 289,000 | 590,000 | 1,027,000 |
U.S. Residential Products | Operating Expense | North America | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Business combination, acquisition related costs | ' | 300,000 | ' |
U.S. Commercial Products | Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 621,000 | 290,000 | 893,000 |
European Roll Coated Aluminum | Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 497,000 | 683,000 | 0 |
European Engineered Products | Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 5,472,000 | 3,406,000 | 682,000 |
European Engineered Products | Operating Expense | U.K. | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Relocation and plant consolidation costs | 5,500,000 | 3,400,000 | ' |
Other severance and nonrecurring costs | 1,900,000 | 3,200,000 | ' |
Capitalized computer software, impairments | 1,100,000 | ' | ' |
European Engineered Products | Operating Expense | U.K. | Fair Value, Inputs, Level 1 | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Asset impairment charges | 1,600,000 | ' | ' |
European Engineered Products | Operating Expense | France | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other severance and nonrecurring costs | 900,000 | 200,000 | ' |
Other Non-Allocated | Operating Expense | ' | ' | ' |
Other Operating Costs [Line Items] | ' | ' | ' |
Other operating charges | 2,286,000 | 1,456,000 | 5,802,000 |
Transition service agreement costs | $2,000,000 | ' | ' |
Segment_Information_Segment_In
Segment Information - Segment Information (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | |||||
segments | ||||||||||||||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 | |||||
Income (loss) from operations | -4,121 | 8,687 | 9,884 | -7,432 | -3,034 | 6,610 | 8,065 | -286 | 7,018 | 11,355 | 10,294 | |||||
Depreciation and amortization | 9,542 | 8,514 | 8,450 | 8,593 | 8,846 | 8,624 | 8,633 | 8,681 | 35,099 | 34,784 | 37,194 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -10,742 | -7,140 | -10,151 | |||||
Total assets | 571,973 | [1] | ' | ' | ' | 594,422 | [1] | ' | ' | ' | 571,973 | [1] | 594,422 | [1] | 619,246 | [1] |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 39 | 1,200 | |||||
Segment Reporting, Disclosure of Other Information about Entity's Reportable Segments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of reportable segments | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | |||||
U.S. Residential Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 290,911 | 282,050 | 306,543 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 18,911 | 22,489 | 18,226 | [2] | ||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 11,820 | 11,674 | 11,994 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -2,787 | -1,495 | -996 | |||||
Total assets | 163,773 | [1] | ' | ' | ' | 173,719 | [1] | ' | ' | ' | 163,773 | [1] | 173,719 | [1] | 174,835 | [1] |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,200 | |||||
U.S. Commercial Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 278,709 | 292,823 | 301,570 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -5,390 | -1,399 | -3,901 | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 11,333 | 10,774 | 11,004 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -2,016 | -1,255 | -3,558 | |||||
Total assets | 107,053 | [1] | ' | ' | ' | 115,525 | [1] | ' | ' | ' | 107,053 | [1] | 115,525 | [1] | 117,709 | [1] |
European Roll Coated Aluminum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 193,721 | 196,606 | 244,050 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 11,004 | 9,208 | 13,619 | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 9,509 | 9,455 | 10,790 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -3,224 | -2,275 | -2,144 | |||||
Total assets | 228,514 | [1] | ' | ' | ' | 221,950 | [1] | ' | ' | ' | 228,514 | [1] | 221,950 | [1] | 234,513 | [1] |
European Engineered Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 64,709 | 67,650 | 83,529 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -6,849 | -6,586 | -2,055 | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 1,846 | 2,480 | 3,086 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -1,612 | -627 | -1,629 | |||||
Total assets | 52,331 | [1] | ' | ' | ' | 55,898 | [1] | ' | ' | ' | 52,331 | [1] | 55,898 | [1] | 63,579 | [1] |
Segment Reporting, Disclosure of Other Information about Entity's Reportable Segments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Number of reportable segments | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | |||||
Other Non-Allocated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -10,658 | -12,357 | -15,595 | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 591 | 401 | 320 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | -1,103 | -1,488 | -1,824 | |||||
Total assets | 20,302 | [1] | ' | ' | ' | 27,330 | [1] | ' | ' | ' | 20,302 | [1] | 27,330 | [1] | 28,610 | [1] |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | -1,378 | -1,989 | -2,014 | |||||
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | |||||
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Capital expenditures | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Total assets | 0 | [1] | ' | ' | ' | 0 | [1] | ' | ' | ' | 0 | [1] | 0 | [1] | 0 | [1] |
Operating Segments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 826,672 | 837,140 | 933,678 | |||||
Operating Segments | U.S. Residential Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 290,185 | 281,099 | 305,366 | |||||
Operating Segments | U.S. Commercial Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 278,274 | 292,304 | 301,286 | |||||
Operating Segments | European Roll Coated Aluminum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 193,504 | 196,087 | 243,497 | |||||
Operating Segments | European Engineered Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 64,709 | 67,650 | 83,529 | |||||
Operating Segments | Other Non-Allocated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Operating Segments | Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Segment Reconciling Items | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Segment Reconciling Items | U.S. Residential Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 726 | 951 | 1,177 | |||||
Segment Reconciling Items | U.S. Commercial Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 435 | 519 | 284 | |||||
Segment Reconciling Items | European Roll Coated Aluminum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 217 | 519 | 553 | |||||
Segment Reconciling Items | European Engineered Products | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Segment Reconciling Items | Other Non-Allocated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | |||||
Segment Reconciling Items | Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Third party, net sales | ' | ' | ' | ' | ' | ' | ' | ' | ($1,378) | ($1,989) | ($2,014) | |||||
[1] | Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable. | |||||||||||||||
[2] | Income from operations in our U.S. Residential Products Segment for the year ended December 30, 2011 included a $1.2 million charge for the early exit from a multiemployer pension plan. |
Segment_Information_Revenues_f
Segment Information - Revenues from External Customers (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 |
Original Equipment Manufacturers (OEM's) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 199,213 | 202,556 | 240,769 |
Home Improvement Retailers | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 182,666 | 181,363 | 201,107 |
Industrial and Architectural Contractors | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 148,708 | 148,231 | 171,259 |
Rural Contractors | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 135,296 | 144,398 | 143,921 |
Distributors | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 88,300 | 91,505 | 101,085 |
Home Improvement Contractors | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 40,645 | 35,674 | 38,227 |
Manufactured Housing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | $31,844 | $33,413 | $37,310 |
Segment_Information_Segment_In1
Segment Information Segment Information - Revenue by Geographic Area (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 |
United States | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 559,135 | 564,254 | 596,720 |
The Netherlands | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 155,032 | 154,153 | 188,940 |
United Kingdom | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 69,433 | 72,699 | 92,574 |
France | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 33,748 | 36,886 | 45,513 |
Canada | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | $9,324 | $9,148 | $9,931 |
Segment_Information_Segment_In2
Segment Information Segment Information - Long Lived Assets by Geographical Area (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | $130,114 | $141,208 |
United States | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | 62,186 | 69,241 |
The Netherlands | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | 37,367 | 36,428 |
United Kingdom | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | 15,523 | 19,732 |
France | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | 13,133 | 13,358 |
Canada | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' |
Property, plant and equipment, net | $1,905 | $2,449 |
Segment_Information_Segment_In3
Segment Information Segment Information - Largest Customer (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Entity-wide revenue, major customer, percentage | 13.50% | 13.30% | 11.10% |
Entity wide revenue major customer accounts receivable balance | $4.80 | ' | ' |
Maximum | ' | ' | ' |
Revenue, Major Customer [Line Items] | ' | ' | ' |
Entity-wide revenue, major customer, percentage | 10.00% | ' | ' |
Subsequent_Event_Details
Subsequent Event (Details) (USD $) | Mar. 25, 2013 | Mar. 18, 2011 | Mar. 18, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 18, 2011 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 | Mar. 21, 2014 |
In Millions, unless otherwise specified | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event |
ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | London Interbank Offered Rate (LIBOR) | London Interbank Offered Rate (LIBOR) | Base Rate | Base Rate | Seasonal Overadvance A | Seasonal Overadvance B | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | Line of credit | |
Minimum | Maximum | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | Seasonal Overadvance A | Seasonal Overadvance A | Seasonal Overadvance B | Seasonal Overadvance B | Seasonal Overadvance C | Seasonal Overadvance C | London Interbank Offered Rate (LIBOR) | London Interbank Offered Rate (LIBOR) | Base Rate | Base Rate | ||||
Minimum | Maximum | Minimum | Maximum | Minimum | Minimum | Minimum | Minimum | Minimum | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ABL Credit Facility | ||||||||||
Minimum | Maximum | Minimum | Maximum | |||||||||||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin rate | ' | ' | ' | 2.00% | 2.75% | 1.00% | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | 2.25% | 1.00% | 1.25% |
Minimum excess availability reserve | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt convenant, required fixed charge coverage ratio when excess availability is less than 15% | ' | ' | 1.15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt covenant, required fixed charge coverage ratio | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | ' | 1 | ' | 1 | ' | 1 | ' | ' | ' | ' |
Minimum consolidated adjusted EBITDA | 55 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum consolidated ebitda after fiscal year 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52 | ' | ' | ' | ' | ' |
Minimum consolidated ebitda fiscal year 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50 | ' | ' | ' | ' | ' | ' | 50 | ' | ' | ' | ' | ' |
Line of credit facility additional borrowing capacity seasonal overadvance A | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Seasonal overadvance fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.20% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility additional borrowing capacity seasonal overadvance B | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9 | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility additional borrowing capacity seasonal overadvance C | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6 | ' | ' | ' | ' | ' |
Debt Instrument Percentage of Principal Used | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Supplemental_Guarantor_Condens2
Supplemental Guarantor Condensed Financial Information - Consolidated Balance Sheets (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 | Dec. 31, 2010 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 18, 2011 | |||
Parent | Parent | Parent | Parent | Issuer | Issuer | Issuer | Issuer | Non-Guarantor | Non-Guarantor | Non-Guarantor | Non-Guarantor | Eliminations | Eliminations | Eliminations | Eliminations | Senior notes | Senior notes | Senior notes | ||||||||
Senior Secured Notes | Senior Secured Notes | Senior Secured Notes | ||||||||||||||||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Subsidiary ownership percentage | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Debt instrument, face amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $375,000,000 | $375,000,000 | $375,000,000 | |||
Debt instrument, interest rate, stated percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | |||
ASSETS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Cash and cash equivalents | 8,977,000 | 10,024,000 | 14,327,000 | 24,902,000 | 0 | 0 | 0 | 0 | 1,700,000 | 1,574,000 | 962,000 | 8,271,000 | 7,277,000 | 8,450,000 | 13,365,000 | 16,631,000 | 0 | 0 | 0 | 0 | ' | ' | ' | |||
Accounts receivable, net of allowance for doubtful accounts | 73,996,000 | 73,876,000 | ' | ' | 0 | 0 | ' | ' | 35,012,000 | 39,743,000 | ' | ' | 38,984,000 | 34,133,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Inventories, net | 89,760,000 | 89,294,000 | ' | ' | 0 | 0 | ' | ' | 62,270,000 | 62,986,000 | ' | ' | 27,490,000 | 26,308,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Income taxes receivable | 982,000 | 1,527,000 | ' | ' | 0 | 0 | ' | ' | 341,000 | 388,000 | ' | ' | 641,000 | 1,139,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Deferred income taxes | 580,000 | 907,000 | ' | ' | 0 | 0 | ' | ' | 559,000 | 793,000 | ' | ' | 21,000 | 114,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Other current assets | 7,008,000 | 4,789,000 | ' | ' | 0 | 0 | ' | ' | 5,462,000 | 3,358,000 | ' | ' | 1,546,000 | 1,431,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Total current assets | 181,303,000 | 180,417,000 | ' | ' | 0 | 0 | ' | ' | 105,344,000 | 108,842,000 | ' | ' | 75,959,000 | 71,575,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Property, plant and equipment, net | 130,114,000 | 141,208,000 | ' | ' | 0 | 0 | ' | ' | 62,185,000 | 69,241,000 | ' | ' | 67,929,000 | 71,967,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Amounts due from affiliates | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 229,101,000 | 218,957,000 | ' | ' | 18,828,000 | 30,651,000 | ' | ' | -247,929,000 | -249,608,000 | ' | ' | ' | ' | ' | |||
Goodwill | 204,053,000 | 199,375,000 | 196,686,000 | ' | 0 | 0 | ' | ' | 81,359,000 | 81,310,000 | ' | ' | 122,694,000 | 118,065,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Customer relationships, net | 40,631,000 | 54,589,000 | ' | ' | 0 | 0 | ' | ' | 24,626,000 | 33,620,000 | ' | ' | 16,005,000 | 20,969,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Other intangible assets, net | 7,073,000 | 7,475,000 | ' | ' | 0 | 0 | ' | ' | 7,073,000 | 7,475,000 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Investments in consolidated subsidiaries | 0 | 0 | ' | ' | -103,217,000 | -81,316,000 | ' | ' | -2,407,000 | -18,549,000 | ' | ' | 0 | 0 | ' | ' | -100,810,000 | -62,767,000 | ' | ' | ' | ' | ' | |||
Deferred income taxes | 87,000 | 68,000 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 87,000 | 68,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Other assets | 8,712,000 | 11,290,000 | ' | ' | 0 | 0 | ' | ' | 4,185,000 | 6,225,000 | ' | ' | 4,527,000 | 5,065,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Total assets | -571,973,000 | [1] | -594,422,000 | [1] | -619,246,000 | [1] | ' | -103,217,000 | -81,316,000 | ' | ' | -516,280,000 | -544,219,000 | ' | ' | -306,029,000 | -318,360,000 | ' | ' | 147,119,000 | 186,841,000 | ' | ' | ' | ' | ' |
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Accounts payable | 57,262,000 | 55,883,000 | ' | ' | 0 | 0 | ' | ' | 30,312,000 | 34,921,000 | ' | ' | 26,950,000 | 20,962,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Accrued expenses | 26,366,000 | 30,667,000 | ' | ' | 14,000 | 10,000 | ' | ' | 16,133,000 | 17,582,000 | ' | ' | 10,219,000 | 13,075,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Accrued interest payable | 9,020,000 | 9,017,000 | ' | ' | 0 | 0 | ' | ' | 8,973,000 | 9,017,000 | ' | ' | 47,000 | 0 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Deferred income taxes | 605,000 | 847,000 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 605,000 | 847,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Total current liabilities | 93,253,000 | 96,414,000 | ' | ' | 14,000 | 10,000 | ' | ' | 55,418,000 | 61,520,000 | ' | ' | 37,821,000 | 34,884,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Long-term debt | 535,396,000 | 516,674,000 | ' | ' | 0 | 0 | ' | ' | 535,396,000 | 516,674,000 | ' | ' | 0 | 0 | ' | ' | 0 | 0 | ' | ' | 375,000,000 | 375,000,000 | ' | |||
Amounts due to affiliates | 0 | 0 | ' | ' | 5,332,000 | 4,666,000 | ' | ' | 12,086,000 | 15,844,000 | ' | ' | 230,511,000 | 229,098,000 | ' | ' | -247,929,000 | -249,608,000 | ' | ' | ' | ' | ' | |||
Deferred income taxes | 18,980,000 | 20,419,000 | ' | ' | 0 | 0 | ' | ' | 9,561,000 | 8,621,000 | ' | ' | 9,419,000 | 11,798,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Other liabilities | 32,907,000 | 46,907,000 | ' | ' | 0 | 0 | ' | ' | 7,036,000 | 22,876,000 | ' | ' | 25,871,000 | 24,031,000 | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | |||
Total liabilities | 680,536,000 | 680,414,000 | ' | ' | 5,346,000 | 4,676,000 | ' | ' | 619,497,000 | 625,535,000 | ' | ' | 303,622,000 | 299,811,000 | ' | ' | -247,929,000 | -249,608,000 | ' | ' | ' | ' | ' | |||
Shareholders’ (deficit) equity: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||
Common stock | 195,000 | 189,000 | ' | ' | 195,000 | 189,000 | ' | ' | 0 | 0 | ' | ' | 21,000 | 21,000 | ' | ' | -21,000 | -21,000 | ' | ' | ' | ' | ' | |||
Additional paid-in capital | 724,071,000 | 721,869,000 | ' | ' | 724,071,000 | 721,869,000 | ' | ' | 661,180,000 | 658,970,000 | ' | ' | 199,452,000 | 199,452,000 | ' | ' | -860,632,000 | -858,422,000 | ' | ' | ' | ' | ' | |||
Accumulated loss | -843,750,000 | -818,855,000 | ' | ' | -843,750,000 | -818,855,000 | ' | ' | -775,318,000 | -751,091,000 | ' | ' | -210,242,000 | -195,851,000 | ' | ' | 985,560,000 | 946,942,000 | ' | ' | ' | ' | ' | |||
Accumulated other comprehensive income | 10,921,000 | 10,805,000 | ' | ' | 10,921,000 | 10,805,000 | ' | ' | 10,921,000 | 10,805,000 | ' | ' | 13,176,000 | 14,927,000 | ' | ' | -24,097,000 | -25,732,000 | ' | ' | ' | ' | ' | |||
Total shareholders' (deficit) equity | -108,563,000 | -85,992,000 | ' | ' | -108,563,000 | -85,992,000 | ' | ' | -103,217,000 | -81,316,000 | ' | ' | 2,407,000 | 18,549,000 | ' | ' | 100,810,000 | 62,767,000 | ' | ' | ' | ' | ' | |||
Total liabilities and shareholders’ (deficit) equity | ($571,973,000) | ($594,422,000) | ' | ' | ($103,217,000) | ($81,316,000) | ' | ' | ($516,280,000) | ($544,219,000) | ' | ' | ($306,029,000) | ($318,360,000) | ' | ' | $147,119,000 | $186,841,000 | ' | ' | ' | ' | ' | |||
[1] | Segment assets include cash, accounts receivable, inventories, other current assets, fixed assets, goodwill, intangibles, and other long term assets. Other non-allocated assets include all corporate assets, as well as deferred taxes and income taxes receivable. |
Supplemental_Guarantor_Condens3
Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 |
Cost of goods sold (excluding depreciation and amortization) | 171,539 | 188,792 | 190,461 | 149,170 | 166,788 | 182,557 | 185,135 | 166,565 | 699,962 | 701,045 | 785,165 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 75,428 | 83,492 | 91,421 |
Depreciation and amortization | 9,542 | 8,514 | 8,450 | 8,593 | 8,846 | 8,624 | 8,633 | 8,681 | 35,099 | 34,784 | 37,194 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 9,165 | 6,425 | 8,404 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 39 | 1,200 |
Income (loss) from operations | -4,121 | 8,687 | 9,884 | -7,432 | -3,034 | 6,610 | 8,065 | -286 | 7,018 | 11,355 | 10,294 |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -54,078 | -54,858 | -55,579 |
Intercompany interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 7,404 | 5,012 | -14,117 |
Loss before income taxes | -13,599 | 3,177 | -1,859 | -27,375 | -12,764 | -3,290 | -14,659 | -7,778 | -39,656 | -38,491 | -59,402 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -14,761 | -1,723 | 3,315 |
Net loss | -11,482 | 16,259 | -1,556 | -28,116 | -11,881 | -1,175 | -15,592 | -8,120 | -24,895 | -36,768 | -62,717 |
Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Cost of goods sold (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 668 | 318 | 594 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | -668 | -318 | -594 |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -24,227 | -36,450 | -62,123 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intercompany interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -24,895 | -36,768 | -62,717 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,895 | -36,768 | -62,717 |
Subsidiary Issuer | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 561,277 | 565,237 | 597,779 |
Cost of goods sold (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 479,813 | 474,058 | 507,136 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 49,670 | 55,752 | 58,191 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 23,349 | 22,403 | 22,859 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 3,196 | 2,336 | 7,718 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39 | 1,200 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 5,249 | 10,649 | 675 |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -14,391 | -13,618 | -4,514 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -52,888 | -53,859 | -52,163 |
Intercompany interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 17,678 | 17,353 | 14,698 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 8,191 | 4,960 | -18,606 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -36,161 | -34,515 | -59,910 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -11,934 | 1,935 | 2,213 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,227 | -36,450 | -62,123 |
Non-Guarantor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | 272,942 | 281,912 | 347,811 |
Cost of goods sold (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 227,696 | 236,996 | 289,941 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 25,090 | 27,422 | 32,636 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 11,750 | 12,381 | 14,335 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 5,969 | 4,089 | 686 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 2,437 | 1,024 | 10,213 |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -1,190 | -999 | -3,416 |
Intercompany interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | -17,678 | -17,353 | -14,698 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | -787 | 52 | 4,489 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -17,218 | -17,276 | -3,412 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -2,827 | -3,658 | 1,102 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -14,391 | -13,618 | -4,514 |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' | ' | ' | ' | ' | -7,547 | -10,009 | -11,912 |
Cost of goods sold (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | -7,547 | -10,009 | -11,912 |
Selling and general (excluding depreciation and amortization) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Depreciation and amortization | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other operating charges | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Multiemployer pension withdrawal | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 |
Income (loss) from operations | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Equity in earnings of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | 38,618 | 50,068 | 66,637 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Intercompany interest income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Other income (loss), net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Loss before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 38,618 | 50,068 | 66,637 |
Provision (benefit) for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | $38,618 | $50,068 | $66,637 |
Supplemental_Guarantor_Condens4
Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Comprehensive (Loss) Income (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ($11,482) | $16,259 | ($1,556) | ($28,116) | ($11,881) | ($1,175) | ($15,592) | ($8,120) | ($24,895) | ($36,768) | ($62,717) |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 80 | 2,380 |
Pension liability adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 1,033 | -3,457 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,779 | -35,735 | -66,174 |
Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,895 | -36,768 | -62,717 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 80 | 2,380 |
Pension liability adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 1,033 | -3,457 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,779 | -35,735 | -66,174 |
Subsidiary Issuer | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,227 | -36,450 | -62,123 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 80 | 2,380 |
Pension liability adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 1,033 | -3,457 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,111 | -35,417 | -65,580 |
Non-Guarantor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -14,391 | -13,618 | -4,514 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 367 | 2,092 |
Pension liability adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -936 | 1,196 | -3,351 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | -1,751 | 1,563 | -1,259 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -16,142 | -12,055 | -5,773 |
Eliminations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | 38,618 | 50,068 | 66,637 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | 1,630 | -447 | -4,472 |
Pension liability adjustment, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 5 | -2,149 | 9,188 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 1,635 | -2,596 | 4,716 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | $40,253 | $47,472 | $71,353 |
Supplemental_Guarantor_Condens5
Supplemental Guarantor Condensed Financial Information - Consolidated Statements of Cash Flows (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash (used in) provided by operating activities | ($10,315) | $3,985 | $18,596 |
Cash flows from investing activities: | ' | ' | ' |
Proceeds from sale of assets | 2,346 | 1,321 | 434 |
Capital expenditures | -10,742 | -7,140 | -10,151 |
Distribution from affiliate | 0 | 0 | 0 |
Payments to acquire businesses, net of cash acquired | 0 | -6,445 | 0 |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital from subsidiaries | ' | ' | 0 |
Net cash (used in) provided by investing activities | -8,396 | -12,264 | -9,717 |
Cash flows from financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 18,270 | 8,280 | 10,205 |
Net repayments on First Lien Credit Facility | 0 | 0 | -412,028 |
Borrowings under Senior Secured Notes | 0 | 0 | 375,000 |
Borrowings under Senior Unsecured Notes | 0 | 0 | 19,812 |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital | ' | ' | 0 |
Deferred financing fees | 175 | 34 | 10,623 |
Distribution from affiliate | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | 18,095 | 8,246 | -17,634 |
Effect of exchange rate changes on cash | -431 | -4,270 | -1,820 |
Net (decrease) increase in cash and cash equivalents | -1,047 | -4,303 | -10,575 |
Cash and cash equivalents at beginning of year | 10,024 | 14,327 | 24,902 |
Cash and cash equivalents at end of year | 8,977 | 10,024 | 14,327 |
Parent | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash (used in) provided by operating activities | 0 | 0 | 0 |
Cash flows from investing activities: | ' | ' | ' |
Proceeds from sale of assets | 0 | 0 | 0 |
Capital expenditures | 0 | 0 | 0 |
Distribution from affiliate | 0 | 0 | 0 |
Payments to acquire businesses, net of cash acquired | ' | 0 | ' |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital from subsidiaries | ' | ' | 0 |
Net cash (used in) provided by investing activities | 0 | 0 | 0 |
Cash flows from financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 0 | 0 | 0 |
Net repayments on First Lien Credit Facility | ' | ' | 0 |
Borrowings under Senior Secured Notes | ' | ' | 0 |
Borrowings under Senior Unsecured Notes | ' | ' | 0 |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital | ' | ' | 0 |
Deferred financing fees | 0 | 0 | 0 |
Distribution from affiliate | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | 0 | 0 | 0 |
Effect of exchange rate changes on cash | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | 0 |
Cash and cash equivalents at beginning of year | 0 | 0 | 0 |
Cash and cash equivalents at end of year | 0 | 0 | 0 |
Subsidiary Issuer | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash (used in) provided by operating activities | -7,396 | -539 | -15,469 |
Cash flows from investing activities: | ' | ' | ' |
Proceeds from sale of assets | 324 | 1,317 | 79 |
Capital expenditures | -5,829 | -4,158 | -6,289 |
Distribution from affiliate | ' | 0 | -132,896 |
Payments to acquire businesses, net of cash acquired | ' | -6,445 | ' |
Contributed capital to subsidiaries | ' | ' | -99,930 |
Return of capital from subsidiaries | ' | ' | 151,083 |
Net cash (used in) provided by investing activities | -5,505 | -9,286 | -87,953 |
Cash flows from financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 18,270 | 8,280 | 10,205 |
Net repayments on First Lien Credit Facility | ' | ' | -302,394 |
Borrowings under Senior Secured Notes | ' | ' | 375,000 |
Borrowings under Senior Unsecured Notes | ' | ' | 19,812 |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital | ' | ' | 0 |
Deferred financing fees | 175 | 8 | 6,510 |
Distribution from affiliate | -5,068 | 2,165 | 0 |
Net cash provided by (used in) financing activities | 13,027 | 10,437 | 96,113 |
Effect of exchange rate changes on cash | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 126 | 612 | -7,309 |
Cash and cash equivalents at beginning of year | 1,574 | 962 | 8,271 |
Cash and cash equivalents at end of year | 1,700 | 1,574 | 962 |
Non-Guarantor | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash (used in) provided by operating activities | -2,919 | 4,524 | 34,065 |
Cash flows from investing activities: | ' | ' | ' |
Proceeds from sale of assets | 2,022 | 4 | 355 |
Capital expenditures | -4,913 | -2,982 | -3,862 |
Distribution from affiliate | -5,068 | -2,165 | 0 |
Payments to acquire businesses, net of cash acquired | ' | 0 | ' |
Contributed capital to subsidiaries | ' | ' | 0 |
Return of capital from subsidiaries | ' | ' | 0 |
Net cash (used in) provided by investing activities | 2,177 | -5,143 | -3,507 |
Cash flows from financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 0 | 0 | 0 |
Net repayments on First Lien Credit Facility | ' | ' | -109,634 |
Borrowings under Senior Secured Notes | ' | ' | 0 |
Borrowings under Senior Unsecured Notes | ' | ' | 0 |
Contributed capital to subsidiaries | ' | ' | -99,930 |
Return of capital | ' | ' | -151,083 |
Deferred financing fees | 0 | 26 | 4,113 |
Distribution from affiliate | 0 | 0 | 132,896 |
Net cash provided by (used in) financing activities | 0 | -26 | -32,004 |
Effect of exchange rate changes on cash | -431 | -4,270 | -1,820 |
Net (decrease) increase in cash and cash equivalents | -1,173 | -4,915 | -3,266 |
Cash and cash equivalents at beginning of year | 8,450 | 13,365 | 16,631 |
Cash and cash equivalents at end of year | 7,277 | 8,450 | 13,365 |
Eliminations | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash (used in) provided by operating activities | 0 | 0 | 0 |
Cash flows from investing activities: | ' | ' | ' |
Proceeds from sale of assets | 0 | 0 | 0 |
Capital expenditures | 0 | 0 | 0 |
Distribution from affiliate | 5,068 | -2,165 | -132,896 |
Payments to acquire businesses, net of cash acquired | ' | 0 | ' |
Contributed capital to subsidiaries | ' | ' | -99,930 |
Return of capital from subsidiaries | ' | ' | -151,083 |
Net cash (used in) provided by investing activities | -5,068 | 2,165 | 81,743 |
Cash flows from financing activities: | ' | ' | ' |
Net borrowings on ABL Credit Facility | 0 | 0 | 0 |
Net repayments on First Lien Credit Facility | ' | ' | 0 |
Borrowings under Senior Secured Notes | ' | ' | 0 |
Borrowings under Senior Unsecured Notes | ' | ' | 0 |
Contributed capital to subsidiaries | ' | ' | -99,930 |
Return of capital | ' | ' | -151,083 |
Deferred financing fees | 0 | 0 | 0 |
Distribution from affiliate | 5,068 | -2,165 | -132,896 |
Net cash provided by (used in) financing activities | 5,068 | -2,165 | -81,743 |
Effect of exchange rate changes on cash | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | 0 |
Cash and cash equivalents at beginning of year | 0 | 0 | 0 |
Cash and cash equivalents at end of year | $0 | $0 | $0 |
Quarterly_Results_of_Operation2
Quarterly Results of Operations (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Quarterly Financial Information Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales | $196,431 | $227,835 | $229,861 | $172,545 | $195,492 | $219,173 | $223,792 | $198,683 | $826,672 | $837,140 | $933,678 |
Cost of sales, excluding depreciation and amortization | 171,539 | 188,792 | 190,461 | 149,170 | 166,788 | 182,557 | 185,135 | 166,565 | 699,962 | 701,045 | 785,165 |
Depreciation and amortization | 9,542 | 8,514 | 8,450 | 8,593 | 8,846 | 8,624 | 8,633 | 8,681 | 35,099 | 34,784 | 37,194 |
Operating Income (Loss) | -4,121 | 8,687 | 9,884 | -7,432 | -3,034 | 6,610 | 8,065 | -286 | 7,018 | 11,355 | 10,294 |
(Loss) income before income taxes | -13,599 | 3,177 | -1,859 | -27,375 | -12,764 | -3,290 | -14,659 | -7,778 | -39,656 | -38,491 | -59,402 |
Net (loss) income | ($11,482) | $16,259 | ($1,556) | ($28,116) | ($11,881) | ($1,175) | ($15,592) | ($8,120) | ($24,895) | ($36,768) | ($62,717) |
Interim Reporting Calendar [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of fewer days in fiscal quarter | ' | ' | ' | '3 days | ' | ' | ' | ' | ' | ' | ' |
Number of additional days in fiscal quarter | '1 day | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
First fiscal month in fiscal quarter duration | ' | ' | ' | ' | ' | ' | ' | ' | '4 weeks | '4 weeks | ' |
Second fiscal month in fiscal quarter duration | ' | ' | ' | ' | ' | ' | ' | ' | '4 weeks | '4 weeks | ' |
Third fiscal month in fiscal quarter duration | ' | ' | ' | ' | ' | ' | ' | ' | '5 weeks | '5 weeks | ' |
Fiscal quarter duration | ' | '13 weeks | '13 weeks | '13 weeks | ' | '13 weeks | '13 weeks | '13 weeks | ' | ' | ' |
Schedule_I_Details
Schedule I (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 27, 2013 | Jun. 28, 2013 | Mar. 29, 2013 | Dec. 31, 2012 | Sep. 28, 2012 | Jun. 29, 2012 | Mar. 30, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 30, 2011 |
Condensed Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in and advances to subsidiaries | $0 | ' | ' | ' | $0 | ' | ' | ' | $0 | $0 | ' |
Interest and other payables | 26,366 | ' | ' | ' | 30,667 | ' | ' | ' | 26,366 | 30,667 | ' |
Amounts due to affiliates | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Total liabilities | 680,536 | ' | ' | ' | 680,414 | ' | ' | ' | 680,536 | 680,414 | ' |
Class A common stock—$1.00 par value; 600,000 shares authorized, 194,852 issued and outstanding in 2013 and 188,938 issued and outstanding in 2012 | 195 | ' | ' | ' | 189 | ' | ' | ' | 195 | 189 | ' |
Class B convertible restricted voting common stock—$1.00 par value; 600,000 shares authorized, no shares issued in 2013 and 2012 | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Additional paid-in capital | 724,071 | ' | ' | ' | 721,869 | ' | ' | ' | 724,071 | 721,869 | ' |
Accumulated loss | -843,750 | ' | ' | ' | -818,855 | ' | ' | ' | -843,750 | -818,855 | ' |
Accumulated other comprehensive income | 10,921 | ' | ' | ' | 10,805 | ' | ' | ' | 10,921 | 10,805 | ' |
Total shareholders' (deficit) equity | -108,563 | ' | ' | ' | -85,992 | ' | ' | ' | -108,563 | -85,992 | ' |
Total liabilities and shareholders' (deficit) equity | -571,973 | ' | ' | ' | -594,422 | ' | ' | ' | -571,973 | -594,422 | ' |
Condensed Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 75,428 | 83,492 | 91,421 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | -54,078 | -54,858 | -55,579 |
Operating Income (Loss) | -4,121 | 8,687 | 9,884 | -7,432 | -3,034 | 6,610 | 8,065 | -286 | 7,018 | 11,355 | 10,294 |
Provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -14,761 | -1,723 | 3,315 |
Net loss | -11,482 | 16,259 | -1,556 | -28,116 | -11,881 | -1,175 | -15,592 | -8,120 | -24,895 | -36,768 | -62,717 |
Condensed Statements of Comprehensive Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | -11,482 | 16,259 | -1,556 | -28,116 | -11,881 | -1,175 | -15,592 | -8,120 | -24,895 | -36,768 | -62,717 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 80 | 2,380 |
Pension liability adjustments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 1,033 | -3,457 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,779 | -35,735 | -66,174 |
Condensed Statement of Cash Flow [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | -10,315 | 3,985 | 18,596 |
Net cash provided by investing activities | ' | ' | ' | ' | ' | ' | ' | ' | -8,396 | -12,264 | -9,717 |
Net cash provided by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | 18,095 | 8,246 | -17,634 |
Income taxes paid, net | ' | ' | ' | ' | ' | ' | ' | ' | -175 | 5,488 | 107 |
Interest paid, net | ' | ' | ' | ' | ' | ' | ' | ' | 52,220 | 52,157 | 41,364 |
Euramax Holdings, Inc. (Parent Company only) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Condensed Balance Sheet [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in and advances to subsidiaries | -103,217 | ' | ' | ' | -81,316 | ' | ' | ' | -103,217 | -81,316 | ' |
Interest and other payables | 14 | ' | ' | ' | 10 | ' | ' | ' | 14 | 10 | ' |
Amounts due to affiliates | 5,332 | ' | ' | ' | 4,666 | ' | ' | ' | 5,332 | 4,666 | ' |
Total liabilities | 5,346 | ' | ' | ' | 4,676 | ' | ' | ' | 5,346 | 4,676 | ' |
Class A common stock—$1.00 par value; 600,000 shares authorized, 194,852 issued and outstanding in 2013 and 188,938 issued and outstanding in 2012 | 195 | ' | ' | ' | 189 | ' | ' | ' | 195 | 189 | ' |
Class B convertible restricted voting common stock—$1.00 par value; 600,000 shares authorized, no shares issued in 2013 and 2012 | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | 0 | ' |
Additional paid-in capital | 724,071 | ' | ' | ' | 721,869 | ' | ' | ' | 724,071 | 721,869 | ' |
Accumulated loss | -843,750 | ' | ' | ' | -818,855 | ' | ' | ' | -843,750 | -818,855 | ' |
Accumulated other comprehensive income | 10,921 | ' | ' | ' | 10,805 | ' | ' | ' | 10,921 | 10,805 | ' |
Total shareholders' (deficit) equity | -108,563 | ' | ' | ' | -85,992 | ' | ' | ' | -108,563 | -85,992 | ' |
Total liabilities and shareholders' (deficit) equity | -103,217 | ' | ' | ' | -81,316 | ' | ' | ' | -103,217 | -81,316 | ' |
Condensed Income Statement [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
General and administrative | ' | ' | ' | ' | ' | ' | ' | ' | 668 | 318 | 594 |
Interest expense | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Operating Income (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | -668 | -318 | -594 |
Provision for income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net loss before equity in net losses of subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | -668 | -318 | -594 |
Equity in losses of subsidiaries, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | -24,227 | -36,450 | -62,123 |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,895 | -36,768 | -62,717 |
Condensed Statements of Comprehensive Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,895 | -36,768 | -62,717 |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | -815 | 80 | 2,380 |
Pension liability adjustments, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | 931 | 953 | -5,837 |
Total other comprehensive income (loss) | ' | ' | ' | ' | ' | ' | ' | ' | 116 | 1,033 | -3,457 |
Total comprehensive loss | ' | ' | ' | ' | ' | ' | ' | ' | -24,779 | -35,735 | -66,174 |
Condensed Statement of Cash Flow [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash provided by operating activities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net cash provided by investing activities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Net cash provided by financing activities | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Income taxes paid, net | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 |
Interest paid, net | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | $0 |
Schedule_I_Condensed_Balance_S
Schedule I Condensed Balance Sheet Parentheticals (Details) (USD $) | Dec. 31, 2013 | Dec. 30, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Class A Common Stock, authorized | 1,200,000 | ' |
Euramax Holdings, Inc. (Parent Company only) | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' |
Class A Common Stock, par value | $1 | $1 |
Class A Common Stock, authorized | 600,000 | 600,000 |
Class A Common Stock, outstanding | 194,852 | 188,938 |
Class B Convertible Restricted Stock, par value | $1 | $1 |
Class B Convertible Restricted Stock, authorized | 600,000 | 600,000 |
Class B Convertible Restricted Stock, outstanding | 0 | 0 |