Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 25, 2014 | Jun. 28, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'GSE Holding, Inc. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 20,362,321 | ' |
Entity Public Float | ' | ' | $51,842,369 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001275712 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $14,167 | $18,068 |
Accounts receivable: | ' | ' |
Trade, net of allowance for doubtful accounts of $4,074 and $869, respectively | 72,391 | 96,987 |
Other | 4,280 | 3,626 |
Inventory, net | 75,335 | 64,398 |
Deferred income taxes | 62 | 1,111 |
Prepaid expenses and other | 1,537 | 6,681 |
Income taxes receivable | 1,391 | 1,538 |
Total current assets | 169,163 | 192,409 |
Property, plant and equipment, net | 76,254 | 70,172 |
Goodwill | 9,644 | 58,895 |
Intangible assets, net | 4,796 | 1,549 |
Deferred income taxes | 193 | 5,858 |
Deferred debt issuance costs, net | 5,734 | 7,003 |
Other assets | 368 | 212 |
TOTAL ASSETS | 266,152 | 336,098 |
Current liabilities: | ' | ' |
Accounts payable | 27,469 | 36,632 |
Accrued liabilities and other | 15,472 | 20,198 |
Short-term debt | 18,498 | 985 |
Current portion of long-term debt | 182,300 | 3,147 |
Income taxes payable | 103 | 1,691 |
Deferred income taxes | 242 | 1,156 |
Total current liabilities | 244,084 | 63,809 |
Other liabilities | 1,264 | 1,211 |
Deferred income taxes | 120 | 1,078 |
Long-term debt, net of current portion | 788 | 167,282 |
Total liabilities | 246,256 | 233,380 |
Commitments and Contingencies (Note 17) | ' | ' |
Stockholders’ equity: | ' | ' |
Common stock, $.01 par value, 150,000,000 shares authorized, 20,419,575 and 19,846,684 shares issued and outstanding at December 31, 2013 and 2012, respectively | 204 | 198 |
Additional paid-in capital | 131,823 | 130,617 |
Accumulated deficit | -112,898 | -28,372 |
Accumulated other comprehensive income | 767 | 275 |
Total stockholders’ equity | 19,896 | 102,718 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $266,152 | $336,098 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Trade, allowance for doubtful accounts (in Dollars) | $4,074 | $869 |
Common stock, par value (in Dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 20,419,575 | 19,846,684 |
Common stock, shares outstanding | 20,419,575 | 19,846,684 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 12 Months Ended | ||
Share data in Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Net sales | $417,652,000 | $476,644,000 | $464,451,000 |
Cost of products | 368,712,000 | 396,634,000 | 392,805,000 |
Gross profit | 48,940,000 | 80,010,000 | 71,646,000 |
Selling, general and administrative expenses | 54,440,000 | 49,326,000 | 44,474,000 |
Public offering-related costs | ' | 9,655,000 | ' |
Amortization of intangibles | 1,884,000 | 1,182,000 | 1,379,000 |
Impairment of goodwill | 51,667,000 | ' | ' |
Operating income (loss) | -59,051,000 | 19,847,000 | 25,793,000 |
Other expenses (income): | ' | ' | ' |
Interest expense, net | 17,556,000 | 16,797,000 | 20,081,000 |
Foreign currency transaction losses (gains) | 1,720,000 | -459,000 | -568,000 |
Loss on extinguishment of debt | ' | 1,555,000 | 2,016,000 |
Other expense (income), net | 259,000 | 52,000 | -43,000 |
Income (loss) from continuing operations before income taxes | -78,586,000 | 1,902,000 | 4,307,000 |
Income tax provision | 5,940,000 | 356,000 | 3,490,000 |
Income (loss) from continuing operations | -84,526,000 | 1,546,000 | 817,000 |
Income (loss) from discontinued operations, net of taxes | ' | -462,000 | 136,000 |
Net income (loss) | -84,526,000 | 1,084,000 | 953,000 |
Other comprehensive income (loss): | ' | ' | ' |
Foreign currency translation adjustment | 492,000 | 665,000 | -2,125,000 |
Comprehensive income (loss) | ($84,034,000) | $1,749,000 | ($1,172,000) |
Basic net income (loss) per common share: | ' | ' | ' |
Continuing operations (in Dollars per share) | ($4.20) | $0.08 | $0.08 |
Discontinued operations (in Dollars per share) | ' | ($0.02) | $0.01 |
(in Dollars per share) | ($4.20) | $0.06 | $0.09 |
Diluted net income (loss) per common share: | ' | ' | ' |
Continuing operations (in Dollars per share) | ($4.20) | $0.08 | $0.07 |
Discontinued operations (in Dollars per share) | ' | ($0.02) | $0.01 |
(in Dollars per share) | ($4.20) | $0.06 | $0.08 |
Basic weighted-average common shares outstanding (in Shares) | 20,107 | 18,407 | 10,810 |
Diluted weighted-average common shares outstanding (in Shares) | 20,107 | 19,336 | 11,841 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders’ Equity (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Total |
In Thousands, except Share data | |||||
Balance at Dec. 31, 2010 | $108 | $61,332 | ($30,409) | $1,735 | $32,766 |
Balance (in Shares) at Dec. 31, 2010 | 10,809,987 | ' | ' | ' | ' |
Net income (loss) | ' | ' | 953 | ' | 953 |
Foreign currency translation adjustment | ' | ' | ' | -2,125 | -2,125 |
Stock-based compensation | ' | 75 | ' | ' | 75 |
Balance at Dec. 31, 2011 | 108 | 61,407 | -29,456 | -390 | 31,669 |
Balance (in Shares) at Dec. 31, 2011 | 10,809,987 | ' | ' | ' | ' |
Net income (loss) | ' | ' | 1,084 | ' | 1,084 |
Foreign currency translation adjustment | ' | ' | ' | 665 | 665 |
Initial public offering | 81 | 63,535 | ' | ' | 63,616 |
Initial public offering (in Shares) | 8,050,000 | ' | ' | ' | ' |
Stock option exercises | 4 | 1,014 | ' | ' | 1,018 |
Stock option exercises (in Shares) | 438,612 | ' | ' | ' | -438,612 |
Stock-based compensation | 5 | 4,661 | ' | ' | 4,666 |
Stock-based compensation (in Shares) | 548,085 | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 198 | 130,617 | -28,372 | 275 | 102,718 |
Balance (in Shares) at Dec. 31, 2012 | 19,846,684 | ' | ' | ' | ' |
Net income (loss) | ' | ' | -84,526 | ' | -84,526 |
Foreign currency translation adjustment | ' | ' | ' | 492 | 492 |
Stock option exercises | 5 | 332 | ' | ' | 337 |
Stock option exercises (in Shares) | 494,645 | ' | ' | ' | -494,645 |
Stock-based compensation | 1 | 874 | ' | ' | 875 |
Stock-based compensation (in Shares) | 78,246 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | $204 | $131,823 | ($112,898) | $767 | $19,896 |
Balance (in Shares) at Dec. 31, 2013 | 20,419,575 | ' | ' | ' | ' |
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. 31, 2011 |
Cash flows from operating activities: | ' | ' | ' |
Net income (loss) | ($84,526) | $1,084 | $953 |
(Income) loss from discontinued operations | ' | 462 | -136 |
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ' | ' | ' |
Impairment of goodwill | 51,667 | ' | ' |
Depreciation and amortization | 14,381 | 13,114 | 11,419 |
Amortization of debt issuance costs | 2,617 | 2,418 | 2,025 |
Amortization of intangible assets | 1,884 | 1,182 | 1,379 |
Amortization of premium/discount on senior notes | 415 | 935 | 744 |
Loss on extinguishment of debt | ' | 1,555 | 2,016 |
Deferred income tax provision (benefit) | 4,868 | -3,862 | 683 |
Stock-based compensation | 1,132 | 4,666 | 75 |
Revaluation of non-dollar denominated debt | 283 | 340 | -815 |
Other | 124 | 176 | 75 |
Change in cash from operating assets and liabilities: | ' | ' | ' |
Accounts receivable | 27,643 | -16,757 | -16,498 |
Inventory | -9,164 | -6,288 | -7,463 |
Prepaid expenses and other | 4,457 | -1,781 | 550 |
Accounts payable | -12,132 | 1,878 | 395 |
Accrued liabilities | -6,944 | -1,398 | 741 |
Income taxes (receivable) payable | -1,392 | 1,235 | -1,243 |
Other assets and liabilities | 1,122 | -489 | 977 |
Net cash used in operating activities – continuing operations | -3,565 | -1,530 | -4,123 |
Net cash provided by (used in) operating activities – discontinued operations | ' | -142 | 5,010 |
Net cash provided by (used in) operating activities | -3,565 | -1,672 | 887 |
Cash flows from investing activities: | ' | ' | ' |
Purchase of property, plant and equipment | -19,671 | -26,137 | -11,694 |
Proceeds from the sale of assets | 43 | 33 | 32 |
Acquisition of business | -9,657 | ' | ' |
Net cash used in investing activities | -29,285 | -26,104 | -11,662 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from lines of credit | 84,392 | 100,635 | 86,948 |
Repayments of lines of credit | -61,614 | -110,490 | -90,667 |
Proceeds from long-term debt | 10,193 | 25,674 | 173,083 |
Repayments of long-term debt | -3,149 | -44,318 | -153,172 |
Net proceeds from initial public offering | ' | 65,927 | ' |
Payments for debt issuance costs | -1,348 | -1,748 | -9,179 |
Payments for public offering costs | ' | ' | -2,311 |
Proceeds from the exercise of stock options | 337 | 1,018 | ' |
Net cash provided by financing activities – continuing operations | 28,811 | 36,698 | 4,702 |
Net cash used in financing activities – discontinued operations | ' | ' | -650 |
Net cash provided by financing activities | 28,811 | 36,698 | 4,052 |
Effect of exchange rate changes on cash – continuing operations | 138 | 27 | 611 |
Effect of exchange rate changes on cash – discontinued operations | ' | 43 | 4 |
Net increase (decrease) in cash and cash equivalents | -3,901 | 8,992 | -6,108 |
Cash and cash equivalents at beginning of year | 18,068 | 9,076 | 15,184 |
Cash and cash equivalents at end of year | 14,167 | 18,068 | 9,076 |
Cash paid for interest | 17,053 | 15,840 | 15,626 |
Cash paid for income taxes | $1,652 | $1,375 | $2,643 |
Note_1_Nature_of_Business
Note 1 - Nature of Business | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Nature of Operations [Text Block] | ' |
1. Nature of Business | |
Organization and Description of Business | |
GSE Holding, Inc. (the “Company”) is a global manufacturer and marketer of highly engineered geosynthetic lining products for environmental protection and confinement applications. These lining products are used in a wide range of infrastructure end markets such as mining, environmental containment, liquid containment (including water infrastructure, agriculture and aquaculture and industrial wastewater treatment applications), coal ash containment and oil and gas. The Company offers a full range of products, including geomembranes, drainage products, geosynthetic clay liners, nonwoven geotextiles, and other specialty products. The Company generates the majority of its sales outside of the United States, including emerging markets in Asia, Latin America, Africa and the Middle East. Its comprehensive product offering and global infrastructure, along with its extensive relationships with customers and end-users, provide it with access to high-growth markets worldwide, visibility into upcoming projects and the flexibility to serve customers regardless of geographic location. The Company believes that its market share, broad product offering, strong customer relationships, diverse end markets and global presence provide it with key competitive advantages in the environmental geosynthetic products industry. The Company manufactures its products at facilities located in the United States, Germany, Thailand, Chile, China and Egypt. | |
Effective February 10, 2012, the Company completed its initial public offering (“IPO”) of 7,000,000 shares of common stock. The Company also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares at the IPO price to cover over-allotments, which was exercised. The IPO price was $9.00 per share and the common stock was listed on The New York Stock Exchange under the symbol “GSE”. On February 28, 2014, the Company received notification from NYSE Regulation, Inc. stating that, because the Company was not in compliance with certain continued listing standards, NYSE Regulation, Inc. intended to delist the Company’s common stock from the New York Stock Exchange by filing a delisting application with the Securities and Exchange Commission (“SEC”). The Company did not request an appeal of the delisting determination. Effective March 5, 2014, the Company’s common stock was delisted from the New York Stock Exchange and, on the same day, trading of the Company’s common stock commenced on the OTCQB Marketplace under the trading symbol “GSEH.” The Company received proceeds from the IPO, after deducting underwriter’s fees, of approximately $67.4 million. The Company incurred direct and incremental costs associated with the IPO of approximately $3.8 million. At December 31, 2011, $2.3 million of these costs had been deferred in other assets and were subsequently netted against the proceeds from the IPO and classified in additional paid-in capital. The proceeds from the IPO were used to pay down debt ($51.5 million) and for general working capital purposes. The Company also incurred and expensed compensation costs of $6.6 million related to IPO bonuses that were paid in cash ($2.3 million) and the issuance of fully vested common stock ($4.3 million) to certain key executives and directors, and $3.0 million related to a management agreement termination fee, which became payable upon the closing of the IPO. | |
Note_2_Recent_Developments
Note 2 - Recent Developments | 12 Months Ended |
Dec. 31, 2013 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
2. Recent Developments | |
As a result of potential defaults under the Company’s first lien senior secured credit facility with General Electric Capital Corporation, Jefferies Finance LLC and certain other financial institutions party thereto (as amended from time to time, the “First Lien Credit Facility”) during the fourth quarter of 2013, the Company entered into certain waivers and amendments to the First Lien Credit Facility during the first quarter of 2014, pursuant to which the lenders waived any default arising as a result of the potential failure by the Company to be in compliance with (i) the maximum total leverage ratio as of September 30, 2013, October 31, 2013, November 30, 2013 and December 31, 2013, and (ii) the minimum interest coverage ratio as of December 31, 2013. The lenders also waived any actual or potential defaults of the maximum total leverage ratio or the minimum interest coverage ratio through March 30, 2014. | |
On January 10, 2014, the Company entered into a $15.0 million secured revolving super priority credit facility (the “Priming Facility”) with General Electric Capital Corporation and certain other financial institutions party thereto. | |
Pursuant to the terms of the First Lien Credit Facility and Priming Facility, both as amended from time to time, the Company agreed to pursue a sale process to sell the Company and use the proceeds to repay the Company’s indebtedness. The First Lien Credit Facility and Priming Facility set forth a series of milestones, requiring the Company to, among other things, distribute a final confidential information memorandum to prospective buyers no later than January 17, 2014, which was distributed shortly after such date. Under the terms of the First Lien Credit Facility and the Priming Facility, an acceptable sale must be completed no later than April 21, 2014 and April 30, 2014, respectively. The failure to meet any one of these deadlines would be an event of default under the First Lien Credit Facility and the Priming Facility. | |
While the Company believes the Priming Facility will provide liquidity to support operations in the ordinary course of business while it pursues a sale of the Company, there can be no assurances that the $15.0 million will be sufficient. The Company engaged Moelis & Company, LLC (“Moelis”), a global investment bank, to assist in a sale process. There can be no assurance that the Company can conclude an acceptable sale and that if a sale is completed, that its creditors will receive payment in full or that its stockholders will receive any recovery in connection with the sale process. There is a high likelihood that any sale that takes place will be accomplished through a court-supervised bankruptcy process. | |
Failure to comply with the financial covenants, or any other non-financial or restrictive covenant, including the covenant to sell the Company, would create a default under the Company’s primary credit facilities, assuming the Company is unable to secure a further waiver from its lenders. Upon a default, the Company’s lenders could accelerate the indebtedness under the facilities, foreclose against their collateral or seek other remedies, which would jeopardize the Company’s ability to continue its current operations. The Company may be required to amend its primary credit facilities, refinance all or part of its existing debt, sell assets, incur additional indebtedness’ raise additional equity or file for bankruptcy protection. Further, based upon the Company’s actual performance levels, its senior secured leverage ratio, leverage ratio and minimum interest coverage ratio requirements or other financial covenants could limit its ability to incur additional debt, which could hinder its ability to execute its current business strategy. The Company cannot predict what actions, if any, its lenders would take following a default with respect to their indebtedness. | |
Management does not believe that cash on hand, borrowings under the Priming Facility and/or its foreign debt facilities and cash generated from operations will be sufficient to meet working capital requirements, anticipated capital expenditures and scheduled interest payments on indebtedness for the next 12 months. If the lenders accelerate the maturity of the Company’s debt, the Company will not have sufficient cash on hand or borrowing capacity to satisfy these obligations, and may not be able to pay its debt or borrow sufficient funds to refinance it on terms that are acceptable to the Company or at all. In such event, the Company would almost certainly be required to file for bankruptcy protection. | |
These matters raise substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that might result from these matters. | |
Note_3_Summary_of_Significant_
Note 3 - Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Basis of Accounting [Text Block] | ' | ||||||||||||||||
3. Summary of Significant Accounting Policies | |||||||||||||||||
Consolidation and Basis of Presentation | |||||||||||||||||
The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. | |||||||||||||||||
Certain reclassifications were made to the December 31, 2012 and 2011 consolidated financial statements to conform to the 2013 financial statement presentation. These reclassifications did not have an impact on previously reported results. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
The Company considers all highly liquid short-term investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Accounts Receivable | |||||||||||||||||
Accounts receivable are recorded at the invoiced amounts and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing receivables. The allowance is reviewed monthly and the Company establishes reserves for doubtful accounts on a case-by-case basis when it is believed that the required payment of specific amounts owed to the Company is unlikely to occur. | |||||||||||||||||
The Company has receivables from customers in various countries. The Company generally does not require collateral or other security to support customer receivables unless credit capacity is not evident. In the case where credit capacity does not exist or cannot be appropriately determined, unsecured exposure security instruments such as upfront cash payments, down payments, credit cards, letters of credit, standby letters of credit, bank guarantees or personal guarantees will be required. In addition, in the U.S. where a customer’s project is state or federally sponsored or owned, a payment or security bond is required by law in most states. If the customers’ financial condition was to deteriorate or their access to freely convertible currency was restricted, resulting in impairment of their ability to make the required payments, additional allowances may be required. | |||||||||||||||||
The following provides changes in the Company’s accounts receivable allowances for the years ended December 31, 2011, 2012 and 2013: | |||||||||||||||||
(in thousands) | |||||||||||||||||
Balance at the | Charged to | Write-offs | Balance at the | ||||||||||||||
beginning of | expense | end of the year | |||||||||||||||
the year | |||||||||||||||||
December 31, 2011 | $ | 1,932 | $ | 362 | $ | (558 | ) | $ | 1,736 | ||||||||
December 31, 2012 | $ | 1,736 | $ | 1,155 | $ | (2,022 | ) | $ | 869 | ||||||||
December 31, 2013 | $ | 869 | $ | 3,237 | $ | (32 | ) | $ | 4,074 | ||||||||
Inventory | |||||||||||||||||
Inventory is stated at the lower of cost or market. Cost, which includes material, labor and overhead, is determined by the weighted average cost method, which approximates the first-in, first-out cost method. The Company records provisions, as appropriate, to write-down slow-moving, excess or obsolete inventory to estimated net realizable value. The process for evaluating inventory often requires the Company to make subjective judgments and estimates concerning future sales levels, as well as the quantities and prices at which such inventories will be able to be sold in the normal course of business. | |||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||
Property, plant and equipment are carried at cost, less accumulated depreciation. Depreciation is computed using the straight-line method, based on the estimated useful lives of the respective assets, which generally range from three to 30 years. Depreciation expense continues to be recognized when facilities or equipment are temporarily idled. Costs of additions and major improvements are capitalized, whereas maintenance and repairs which do not improve or extend the life of the asset are charged to expense as incurred. When items are retired or otherwise disposed of, income is charged or credited for the difference between net book value and net proceeds realized thereon. Interest costs incurred in connection with construction of qualifying assets are capitalized and depreciated over the useful life of the asset. The Company makes use of judgments and estimates in conjunction with accounting for property, plant and equipment, including amounts to be capitalized, depreciation methods and useful lives. | |||||||||||||||||
Capitalized costs associated with software developed for internal use include external direct costs of materials and services consumed in developing or obtaining internal-use software and payroll for employees directly associated with, and who devote time to, the development of the internal-use software. Costs incurred in development and enhancement of software that do not meet the capitalization criteria, such as costs of activities performed during the preliminary and post-implementation stages, are expensed as incurred. Cost incurred in development and enhancements that do not meet the criteria to capitalize are activities performed during the application development stage such as designing, coding, installing and testing. The critical estimate related to this process is the determination of the amount of time devoted by employees to specific stage of internal-use software development projects. The Company reviews any impairment of the capitalized costs on a periodic basis. The Company amortizes such costs over the estimated useful life of the software, which is three years once the software has been placed in service. The Company capitalized software development costs of approximately $0.4 million, $0.4 million and $5.4 million in 2013, 2012 and 2011, respectively. Amortization expense related to capitalized software development costs was approximately $2.0 million, $2.4 million and $1.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
Impairment of Long-Lived Assets | |||||||||||||||||
Carrying values of property, plant and equipment and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. Such events or circumstances include, but are not limited to: | |||||||||||||||||
• | Significant declines in an asset’s market price; | ||||||||||||||||
• | Significant deterioration in an asset’s physical condition; | ||||||||||||||||
• | Significant changes in the nature or extent of an asset’s use or operation; | ||||||||||||||||
• | Significant adverse changes in the business climate that could impact an asset’s value, including adverse actions or assessments by regulators; | ||||||||||||||||
• | Accumulation of costs significantly in excess of original expectations related to the acquisition or construction of an asset; | ||||||||||||||||
• | Current-period operating or cash flow losses combined with a history of such losses or a forecast that demonstrates continuing losses associated with an asset’s use; and | ||||||||||||||||
• | Expectations that it is more likely than not that an asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. | ||||||||||||||||
If impairment indicators are present, the Company determines whether an impairment loss should be recognized by testing the applicable asset or asset group’s carrying value for recoverability. This test requires long-lived assets to be grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, the determination of which requires judgment. The Company estimates the undiscounted future cash flows expected to be generated from the use and eventual disposal of the assets, and compares that estimate to the respective carrying values in order to determine if such carrying values are recoverable. This assessment requires the exercise of judgment in assessing the future use of and projected value to be derived from the eventual disposal of the assets to be held and used. Assessments also consider changes in asset utilization, including the temporary idling of capacity and the expected timing for placing this capacity back into production. If the carrying value of the assets is not recoverable, then a loss is recorded for the difference between the assets’ fair value and respective carrying value. The fair value of the assets is determined using an “income approach” based upon a forecast of all the expected discounted future net cash flows associated with the subject assets. Some of the more significant estimates and assumptions include: market size and growth, market share, projected selling prices, manufacturing cost and discount rate. The Company’s estimates are based upon its historical experience, its commercial relationships, market conditions and available external information about future trends. The Company believes its current assumptions and estimates are reasonable and appropriate; however, unanticipated events and changes in market conditions could affect such estimates, resulting in the need for an impairment charge in future periods. Given the significant assumptions underlying impairment assessments and the uncertainties relating to the Company’s sale process, it is reasonably possible that the conclusion that long-lived assets are not impaired will change in the near term. | |||||||||||||||||
Goodwill and Impairment Testing | |||||||||||||||||
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 is subject to at least an annual assessment for impairment by applying a fair- value-based test. The Company reviews goodwill to determine potential impairment annually, or more frequently if events and circumstances indicate that the asset might be impaired. The goodwill impairment analysis is comprised of two steps. The first step requires the comparison of the fair value of the applicable reporting unit to its respective carrying value. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, goodwill is not considered impaired and the Company would not be required to perform further testing. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company must perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, then the Company would record an impairment loss equal to the difference. | |||||||||||||||||
The Company’s annual assessment date is as of October 1. With respect to this testing, a the Company’s reportable segments are its geographic operating segments as there is no discrete financial information available below the Company’s operating segments. Future cash flows are typically based upon a five-year future period for the business and an estimated residual value. Management judgment is required in the estimation of future operating results and to determine the appropriate residual values. Future operating results and residual values could reasonably differ from the estimates and could require a provision for impairment in a future period. Impairment was necessary in 2013 (see Note 6) and no impairment was necessary in 2012 or 2011. | |||||||||||||||||
Deferred Financing Costs | |||||||||||||||||
Debt issuance costs are capitalized and amortized to interest expense using the effective interest rate method over the period the related debt is anticipated to be outstanding. | |||||||||||||||||
Warranty Costs | |||||||||||||||||
The Company’s geosynthetic products are sold and installed with specified limited warranties as to material quality and workmanship that typically extend 5 years, but may extend up to 20 years. The Company accrues a warranty reserve based on historical warranty claims. The reserve for these costs, along with other risk-based reserves, is included in the self-insurance reserves (see Note 17). | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
The Company recognizes revenues for products sold directly to customers when products are shipped, title and risk of loss passes to the buyer, the Company has no further obligation to the buyer, and collectability is reasonably assured. | |||||||||||||||||
The Company recognizes revenue relating to contracts for the design and installation of geosynthetic containment solutions using the percentage of completion method. Revenue recognized under the percentage of completion method was $7.1 million, $10.1 million and $9.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
Foreign Currency | |||||||||||||||||
Results of operations for the Company’s Europe Africa and Middle East subsidiaries have functional currencies other than the U.S. dollar are translated using average exchange rates during the year. Assets and liabilities of these subsidiaries are translated using the exchange rates in effect at the balance sheet date and the resulting translation adjustments are recognized as a separate component of comprehensive income (loss). | |||||||||||||||||
Each of the Company’s foreign subsidiaries may enter into contractual arrangements with customers or vendors that are denominated in currencies other than its respective functional currency. As a result, the Company’s results of operations may be affected by exposure to changes in foreign currency exchange rates and economic conditions in the regions in which it purchases raw material inventory or sells and distributes its products. Gains and losses arising from foreign currency transactions are recognized as incurred. | |||||||||||||||||
In connection with contracts performed outside of the United States, the Company routinely bids fixed-price contracts denominated in currencies different than the functional currency of the applicable subsidiary performing the work. The Company recognizes that such bidding practices, in the context of international operations, are subject to the risk of foreign currency fluctuations not present in domestic operations. Gains and losses related to these contracts are included in the Consolidated Statements of Operations and Comprehensive Income (Loss). | |||||||||||||||||
Income Taxes | |||||||||||||||||
Deferred tax assets and liabilities represent the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. They are measured using the enacted tax rates expected to apply to taxable income in the years in which the related temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets include tax loss and credit carryforwards and are reduced by a valuation allowance if, based on available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. | |||||||||||||||||
The Company evaluates the tax positions for all jurisdictions and for all years where the statute of limitations has not expired and the Company is required to meet a “more-likely-than-not” threshold (i.e. greater than a 50 percent likelihood of a tax position being sustained under examination) prior to recording a tax benefit. Additionally, for tax positions meeting this “more-likely-than-not” threshold, the amount of benefit is limited to the largest benefit that has a greater than 50 percent probability of being realized upon effective settlement. | |||||||||||||||||
Segment Reporting | |||||||||||||||||
The Company’s operating and external reporting segments are based on the geographic regions in which it operates, which is consistent with the basis on which the Company internally reports and how management evaluates operations in order to make operating decisions. The Company’s reportable segments are: North America, Europe Africa, Asia Pacific, Latin America and Middle East. | |||||||||||||||||
Note_4_Recent_Accounting_Prono
Note 4 - Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2013 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
4. Recent Accounting Pronouncements | |
The Company qualifies as an emerging growth company under Section 101 of the Jumpstart Our Business Startups Act (the “JOBS Act”). An emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. However, the Company has chosen to “opt out” of such extended transition period, and as a result, is compliant with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non- emerging growth companies. Section 107 of the JOBS Act provides that this decision to opt out of the extended transition period for complying with new or revised accounting standards is irrevocable. | |
In July 2013, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, to eliminate diversity in practice. This ASU requires entities to present an unrecognized tax benefit netted against certain deferred tax assets when specific requirements are met. The Company adopted this ASU in 2013, and it did not have a material impact on the consolidated financial statements. | |
Note_5_Net_Income_Loss_Per_Sha
Note 5 - Net Income (Loss) Per Share | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||
5. Net Income (Loss) per Share | |||||||||||||
The Company computes basic net income (loss) per share by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. The dilutive effect of employee stock options is reflected in diluted net income (loss) per share by applying the treasury stock method. | |||||||||||||
The Company recorded a net loss for the year ended December 31, 2013. Potential common shares are anti-dilutive in periods which the Company records a net loss because they would reduce the respective period’s net loss per share. Anti-dilutive potential common shares are excluded from the calculation of diluted earnings per share. As a result, net diluted loss per share was equal to basic net loss per share in the year ended December 31, 2013. There were 1,002,938 stock options outstanding at December 31, 2013 of which 311,957 had exercise prices lower than the average price of Company common shares. These in-the-money options would have been included in the calculation of diluted earnings per share had the Company not reported a net loss in 2013. There were 200,650 and 0 stock options outstanding as of December 31, 2012 and 2011, respectively, which were considered to be anti-dilutive and were excluded from the calculation of diluted earnings per share. | |||||||||||||
The basic and diluted net income (loss) per share calculations are presented below (in thousands, except for per share amounts): | |||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income (loss): | |||||||||||||
From continuing operations | $ | (84,526 | ) | $ | 1,546 | $ | 817 | ||||||
From discontinued operation | – | (462 | ) | 136 | |||||||||
$ | (84,526 | ) | $ | 1,084 | $ | 953 | |||||||
Common share information: | |||||||||||||
Weighted-average common shares outstanding – basic | 20,107 | 18,407 | 10,810 | ||||||||||
Dilutive effect of employee stock options | – | 929 | 1,031 | ||||||||||
Weighted-average common shares outstanding – dilutive | 20,107 | 19,336 | 11,841 | ||||||||||
Basic net income (loss) per share: | |||||||||||||
Continuing operations | $ | (4.20 | ) | $ | 0.08 | $ | 0.08 | ||||||
Discontinued operations | – | (0.02 | ) | 0.01 | |||||||||
$ | (4.20 | ) | $ | 0.06 | $ | 0.09 | |||||||
Diluted net income (loss) per share: | |||||||||||||
Continuing operations | $ | (4.20 | ) | $ | 0.08 | $ | 0.07 | ||||||
Discontinued operations | – | (0.02 | ) | 0.01 | |||||||||
$ | (4.20 | ) | $ | 0.06 | $ | 0.08 | |||||||
Note_6_Goodwill
Note 6 - Goodwill | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||
Goodwill Disclosure [Text Block] | ' | ||||||||||||||||||||
6. Goodwill | |||||||||||||||||||||
The Company assesses goodwill and intangible assets with indefinite lives for impairment on an annual basis and between annual tests if impairment indicators occur or circumstances change that would more likely than not reduce the fair value below its carrying amount. The Company’s annual assessment date is October 1. | |||||||||||||||||||||
During the second quarter of 2013, the Company performed an interim assessment of goodwill related to its Europe Africa reporting unit, due to indications that the fair value of this reporting unit may be less than its carrying amount. Such indications included a continued weakening of economic conditions, under-achievement of previous financial projections and projected continued difficulties in the European market. Based on these indications, an interim impairment test was performed, which resulted in an impairment charge totaling $26.5 million. | |||||||||||||||||||||
During the third quarter of 2013, the Company performed an interim assessment of goodwill for all of its reporting units due to identification of impairment indicators including continuation of an increased competitive environment, under-achievement of previous financial projections, projected continued difficulties in the North America market and a significant decline in its common stock price beginning in August 2013. The interim impairment test resulted in an impairment charge totaling $25.2 million relating to the Company’s North America reporting unit. No impairment charges were required relating to its Asia Pacific and Latin America reporting units. | |||||||||||||||||||||
As of October 1, 2013, the Company performed the annual assessment of goodwill for the Asia Pacific and Latin America reporting units, with no impairment charges being required. The Company performed an assessment of goodwill for its Asia Pacific and Latin America reporting units as of December 31, 2013, due to further identification of impairment indicators including the continued decline in the Company’s common stock price, not meeting loan covenants, and agreeing to pursue a sale of the Company. No impairment charges were required relating to the Asia Pacific and Latin America reporting units as of December 31, 2013. Given the significant assumptions underlying goodwill impairment assessments and the uncertainties relating to the Company’s sale process, it is reasonably possible that our conclusion that the remaining goodwill is not impaired will change in the near term. | |||||||||||||||||||||
In performing its goodwill impairment tests, the Company considered three generally accepted approaches for valuing a business: the income, market and cost approaches. Based on the nature of the business and the current and expected financial performance, it was determined that the market and income approaches were the most appropriate methods for estimating the fair value of the reporting unit. For the income approach the discounted cash flow method was utilized, and considered such factors as sales, capital expenditures, incremental working capital requirements, tax rate and discount rate. Consideration of these factors inherently involves a significant amount of judgment, and significant movements in sales or changes in the underlying assumptions may result in fluctuations of estimated fair value. For the market approach, both the guidelines public company and the comparable transaction methods were used. The Company considered such factors as appropriate guideline companies, appropriate comparable transactions and control premiums. In determining the fair value of the reporting unit, it was determined that the income approach provided a better indication of value than the market approach. As such, a 65% weighting was assigned to the income approach and a 35% weighting was assigned to the market approach in estimating the value of the reporting units. | |||||||||||||||||||||
The table below reflects the changes in goodwill by reporting unit during the year ended December 31, 2013 (in thousands): | |||||||||||||||||||||
North | Europe | Asia | Latin | Total | |||||||||||||||||
America | Africa | Pacific | America | ||||||||||||||||||
Balance at December 31, 2012 | $ | 22,828 | $ | 26,423 | $ | 5,205 | $ | 4,439 | $ | 58,895 | |||||||||||
Acquisition of SynTec, LLC | 2,416 | — | — | — | 2,416 | ||||||||||||||||
Impairment charge | (25,244 | ) | (26,423 | ) | — | — | (51,667 | ) | |||||||||||||
Balance at December 31, 2013 | $ | — | $ | — | $ | 5,205 | $ | 4,439 | $ | 9,644 | |||||||||||
Note_7_Acquisition_of_SynTec_L
Note 7 - Acquisition of SynTec, LLC | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Business Combination Disclosure [Text Block] | ' | ||||
7. Acquisition of SynTec, LLC | |||||
On February 4, 2013, pursuant to a Unit Purchase Agreement dated as of February 4, 2013, the Company acquired all of the outstanding membership units of SynTec, LLC (“SynTec”). The total amount of consideration paid in connection with the acquisition was approximately $9.7 million, and this acquisition was funded with existing cash on hand. The SynTec business was acquired by the Company in order to expand its existing market share with additional products, which are complementary to the Company’s existing products, and is reflected in the North America reporting unit. | |||||
The Company incurred approximately $0.7 million of transaction expenses in connection with this acquisition, which are included as a component of selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss). The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the acquisition date (in thousands): | |||||
Accounts receivable | $ | 2,079 | |||
Inventory | 1,449 | ||||
Other current assets | 26 | ||||
Property, plant and equipment | 1,335 | ||||
Identifiable intangible assets | 5,121 | ||||
Goodwill | 2,416 | ||||
Accounts payable and accrued liabilities | (2,769 | ) | |||
Net assets acquired | $ | 9,657 | |||
As a result of this acquisition, the Company recognized a total of $5.1 million of identifiable intangible assets and $2.4 million of goodwill (which was included in the third quarter 2013 impairment of the North America reporting unit discussed in Note 6). The total amount of goodwill is deductible for tax purposes. The results of operations of SynTec are reported in the Company’s consolidated financial statements from the date of the acquisition. SynTec net sales for the year ended December 31, 2013 were approximately $12.5 million, and Syntec’s net loss was not material. Unaudited pro forma information for the years ended December 31, 2013 and 2012 is not presented as the acquisition was not material. | |||||
Note_8_Inventory
Note 8 - Inventory | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventory Disclosure [Text Block] | ' | ||||||||
8. Inventory | |||||||||
Inventory consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
Raw materials | $ | 27,511 | $ | 30,358 | |||||
Finished goods | 46,782 | 32,054 | |||||||
Supplies | 4,844 | 4,425 | |||||||
Obsolescence and slow moving allowance | (3,802 | ) | (2,439 | ) | |||||
$ | 75,335 | $ | 64,398 | ||||||
Note_9_Property_Plant_and_Equi
Note 9 - Property, Plant and Equipment | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||||||||
9. Property, Plant and Equipment | ||||||||||||||
Property, plant and equipment consisted of the following at December 31: | ||||||||||||||
Useful | 2013 | 2012 | ||||||||||||
lives years | ||||||||||||||
(in thousands) | ||||||||||||||
Land | $ | 5,392 | $ | 4,832 | ||||||||||
Buildings and improvements | 7 | - | 30 | 30,912 | 29,515 | |||||||||
Machinery and equipment | 3 | - | 10 | 135,648 | 117,852 | |||||||||
Software | 3 | 8,766 | 8,400 | |||||||||||
Furniture and fixtures | 3 | - | 5 | 825 | 785 | |||||||||
181,543 | 161,384 | |||||||||||||
Less – accumulated depreciation and amortization | (105,289 | ) | (91,212 | ) | ||||||||||
$ | 76,254 | $ | 70,172 | |||||||||||
Depreciation and amortization expense for the years ended December 31, 2013, 2012 and 2011 was $14.4 million, $13.1 million and $11.4 million, respectively’ of which $11.8 million, $10.1 million and $9.5 million was included in cost of products and $2.6 million, $3.0 million and $1.9 million was included in selling, general and administrative expenses. | ||||||||||||||
There was $0.7 million and $0.8 million of interest capitalized in the consolidated financial statement during 2013 and 2012 respectively. There was no interest capitalized during 2011. | ||||||||||||||
Note_10_Intangible_Assets_Net
Note 10 - Intangible Assets, Net | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||
Intangible Assets Disclosure [Text Block] | ' | |||||||||||||
10. Intangible Assets, net | ||||||||||||||
Customer lists and other intangible assets consisted of the following at December 31: | ||||||||||||||
Useful | 2013 | 2012 | ||||||||||||
lives years | ||||||||||||||
(in thousands) | ||||||||||||||
Customer lists | 5 | - | 10 | $ | 29,746 | $ | 25,449 | |||||||
Trademarks | 5 | 1,082 | — | |||||||||||
Non-compete agreements | 5 | - | 10 | 2,556 | 2,469 | |||||||||
Other | 1 | 363 | 363 | |||||||||||
33,747 | 28,281 | |||||||||||||
Less accumulated amortization | (28,951 | ) | (26,732 | ) | ||||||||||
Intangible assets, net | $ | 4,796 | $ | 1,549 | ||||||||||
Amortization expense for intangible assets during the years ended December 31, 2013, 2012 and 2011 was approximately $1.9 million, $1.2 million and $1.4 million, respectively. Estimated amortization expense for each of the next five years is as follows: | ||||||||||||||
Year Ending December 31, | Amount | |||||||||||||
(in thousands) | ||||||||||||||
2014 | $ | 1,172 | ||||||||||||
2015 | 640 | |||||||||||||
2016 | 583 | |||||||||||||
2017 | 534 | |||||||||||||
2018 | 298 | |||||||||||||
Note_11_Accrued_Liabilities_an
Note 11 - Accrued Liabilities and Other | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract] | ' | ||||||||
Other Liabilities Disclosure [Text Block] | ' | ||||||||
11. Accrued Liabilities and Other | |||||||||
Accrued liabilities and other consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
Customer prepayments | $ | 2,972 | $ | 759 | |||||
Accrued operating expenses | 3,780 | 5,951 | |||||||
Self-insurance reserves | 1,575 | 1,758 | |||||||
Compensation and benefits | 3,196 | 6,786 | |||||||
Accrued interest | 650 | 2,522 | |||||||
Taxes, other than income | 2,818 | 2,023 | |||||||
Other accrued liabilities | 481 | 399 | |||||||
$ | 15,472 | $ | 20,198 | ||||||
Note_12_LongTerm_Debt
Note 12 - Long-Term Debt | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Long-term Debt [Text Block] | ' | ||||||||
12. Long-Term Debt | |||||||||
Long-term debt consisted of the following at December 31: | |||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
First Lien Credit Facility | $ | 170,674 | $ | 168,177 | |||||
Term Loan – China bank | 10,193 | – | |||||||
Capital Lease – CapitalSource Bank | 1,987 | 3,156 | |||||||
Other Capital Leases | 147 | 230 | |||||||
Term Loan – German bank | 87 | 407 | |||||||
183,088 | 171,970 | ||||||||
Less – current maturities | (182,300 | ) | (3,147 | ) | |||||
Unamortized discounts on first lien and second lien loans | – | (1,541 | ) | ||||||
$ | 788 | $ | 167,282 | ||||||
The following summarizes the maturities of the Company’s long-term debt outstanding as of December 31, 2013: | |||||||||
Year Ending December 31, | Amount | ||||||||
(in thousands) | |||||||||
2014 | $ | 182,300 | |||||||
2015 | 782 | ||||||||
2016 | 6 | ||||||||
$ | 183,088 | ||||||||
The Company has included the First Lien Credit Facility and the term loan with the China bank in current maturities in accordance with ASC 470-10-45, and both are included in 2014 in the above table based on their current classification in the Consolidated Balance sheet as of December 31, 2013. | |||||||||
First Lien Credit Facility — | |||||||||
The Company’s First Lien Credit Facility originally in the amount of $170.0 million, consisting of term loan commitments originally in the amount of $135.0 million (as amended from time to time, the “First Lien Term Loan”) and $35.0 million of revolving loan commitments (as amended from time to time, the “Revolving Credit Facility”). | |||||||||
On April 18, 2012, the First Lien Credit Facility was amended to increase the First Lien Term Loan commitments from $135.0 million to $157.0 million, resulting in aggregate capacity of $192.0 million immediately following such amendment. The Company used the additional borrowing capacity under the First Lien Term Loan to repay in full all outstanding indebtedness under, and to terminate, the Second Lien Term Loan (as defined below) and to pay related fees and expenses. | |||||||||
The First Lien Credit Facility contains various restrictive covenants that include, among other things, restrictions or limitations on the Company’s ability to incur additional indebtedness or issue disqualified capital stock unless certain financial tests are satisfied; pay dividends, redeem subordinated debt or make other restricted payments; make certain loans, investments or acquisitions; issue stock of subsidiaries; grant or permit certain liens on assets; enter into certain transactions with affiliates; merge, consolidate or transfer substantially all of its assets; incur dividend or other payment restrictions affecting certain subsidiaries; transfer or sell assets including, but not limited to, capital stock of subsidiaries; and change the business the Company conducts. For the twelve months ended June 30, 2013 and December 31, 2012, the Company was subject to a Total Leverage Ratio (which is based on a trailing twelve months calculation) not to exceed 5.25:1.00 and 5.50:1.00, respectively, and an Interest Coverage Ratio of not less than 2.25:1.00 and 2.15:1.00, respectively. As of June 30, 2013, the Company was not in compliance with the Total Leverage Ratio covenant necessitating receiving a waiver and sixth amendment to the facility as discussed below. | |||||||||
Unless accelerated, the First Lien Credit Facility matures according to its terms in May 2016. Borrowings under the First Lien Credit Facility incur interest expense that is variable in relation to the London Interbank Offer Rates (“LIBOR”) (and/or Prime) rate. As discussed below, effective October 31, 2013, the interest rates on the First Lien Credit Facility loans increased by 50 basis points and will continue to increase by 50 basis points each quarter going forward if the Company does not raise the Junior Capital (as defined below). | |||||||||
In addition to paying interest on outstanding borrowings under the First Lien Credit Facility, the Company pays a 0.75% per annum commitment fee to the lenders in respect of the unutilized commitments, and letter of credit fees equal to the LIBOR margin on the undrawn amount of all outstanding letters of credit. As of December 31, 2013, there was $171.8 million outstanding under the First Lien Credit Facility consisting of $153.0 million in term loans and $18.8 million in revolving loans, and the weighted average interest rate on such loans was 9.64%. As of December 31, 2013, the Company had no capacity under the Revolving Credit Facility after taking into account outstanding loan advances and letters of credit. | |||||||||
The obligations under the First Lien Credit Facility are guaranteed on a senior secured basis by the Company and each of its existing and future wholly-owned domestic subsidiaries, other than GSE International, Inc. and any other excluded subsidiaries. The obligations are secured by a first priority perfected security interest in substantially all of the guarantors’ assets, subject to certain exceptions, permitted liens and permitted encumbrances under the First Lien Credit Facility. | |||||||||
On July 30, 2013, the Company entered into a waiver and sixth amendment to the First Lien Credit Facility (the “Sixth Amendment”), pursuant to which the lenders waived the Company’s default arising as a result of the failure by the Company to be in compliance with the maximum total leverage ratio as of June 30, 2013. The maximum Total Leverage Ratio for the twelve months ending September 30, 2013, December 31, 2013, and March 31, 2014 was also modified to 6.50:1.00, 6.25:1.00, and 5.17:1.00, respectively. Beyond March 31, 2014, the maximum Total Leverage Ratios covenants were not changed by the Sixth Amendment. The Total Leverage Ratio covenant is 4.75:1.00 for the twelve months ended June 30, 2014 and becomes even more restrictive after that date. As of December 31, 2013, the Company’s Total Leverage Ratio was 11.44:1.00. | |||||||||
In addition, commencing on October 31, 2013 and continuing until the Company’s Total Leverage Ratio is less than 5.00:1.00, the Total Leverage Ratio as of the last day of any fiscal month that is the first or second fiscal month of a fiscal quarter must not be greater than the maximum Total Leverage Ratio required for the most recently completed fiscal quarter. | |||||||||
The Sixth Amendment also increased the margin on the loans by 200 basis points, modified the definition of “EBITDA” to exclude certain expenses from the calculation of EBITDA for purpose of calculating certain debt covenants, and reduced the Company’s borrowing capacity under the revolving credit facility from $35.0 million to approximately $21.5 million, $3.0 million of which may be used for letters of credit. After giving effect to the reduced borrowing capacity in accordance with the Sixth Amendment, the Company has utilized the full capacity under the First Lien Credit Facility as of December 31, 2013. | |||||||||
In accordance with the Sixth Amendment, the Company was required to use its best efforts to raise at least $20.0 million of additional unsecured mezzanine indebtedness or other subordinated capital, reasonably acceptable to General Electric Capital Corporation (the “Junior Capital”) on or before October 31, 2013. | |||||||||
In July 2013, the Company engaged an investment bank to assist with the process of raising the Junior Capital. The Company also sought to secure a complete refinancing of the First Lien Credit Facility. The Company was not successful in raising the Junior Capital or completing the refinancing on acceptable terms. Since the Company had not obtained the Junior Capital as of October 31, 2013, the margin on the First Lien Credit Facility loans increased by 50 basis points and will increase by 50 basis points each quarter going forward. Currently, the Company is engaged in a process to sell the Company in accordance with the terms of the First Lien Credit Facility (discussed below) and the Priming Facility (discussed below). A description of the sale process is provided below under “Sale of the Company.” There is a high likelihood that any sale that takes place will be accomplished through a court-supervised bankruptcy process. | |||||||||
As a result of potential defaults under our First Lien Credit Facility during the fourth quarter of 2013, we entered into certain waivers and amendments to the First Lien Credit Facility during the first quarter of 2014, pursuant to which the lenders waived any default arising as a result of the potential failure by us to be in compliance with (i) the maximum total leverage ratio as of September 30, 2013, October 31, 2013, November 30, 2013 and December 31, 2013, and (ii) the minimum interest coverage ratio as of December 31, 2013. The lenders also waived any actual or potential defaults of the maximum total leverage ratio or the minimum interest coverage ratio through April 21, 2014. | |||||||||
As of December 31, 2013, there was $170.7 million (net of unamortized debt discount of $1.1 million) outstanding under the First Lien Credit Facility, consisting of $151.9 million in term loans and $18.8 million in revolving loans. | |||||||||
Based on current facts and circumstances and in accordance with ASC 470-10-45, debt outstanding under the First Lien Credit Facility has been classified as current in the Consolidated Balance Sheet. | |||||||||
Supplemental Revolving Credit Agreements | |||||||||
Supplemental First Lien Revolving Credit Agreement – August 2013 | |||||||||
On August 8, 2013, the Company entered into a supplemental $8.0 million First Lien Revolving Credit Agreement (the “First Lien Revolving Facility”) with General Electric Capital Corporation and the other financial institutions party thereto. | |||||||||
The Supplemental First Lien Revolving Facility matured on October 31, 2013. As of September 30, 2013, there were no amounts outstanding under the Supplemental Lien Revolving Facility and the borrowing capacity was reduced to $0.9 million which was available through October 31, 2013. As of October 31, 2013 the Supplemental First Lien Revolving Credit Facility was paid in full and such facility was terminated. | |||||||||
Supplemental Priming Facility – January 2014 | |||||||||
On January 10, 2014, the Company entered into a $15.0 million secured revolving super priority credit facility (the “Priming Facility”) with General Electric Capital Corporation and the other financial institutions party thereto. While the Company believes this new facility will provide liquidity to support operations in the ordinary course of business while it pursues a sale of the Company (for a discussion of the sale process, see “Sale of the Company” below), there can be no assurances that the $15.0 million will be sufficient. The Priming Facility bears interest at a rate equal to LIBOR plus 8.00% or a base rate plus 7.00%. The Priming Facility is subject to various additional customary terms and conditions, including conditions to funding. The lenders under the First Lien Credit Facility have approved the senior secured super priority credit facility and the related guarantees to the lenders under the Priming Facility. The assets and stock of the Company’s subsidiaries outside of North America are not pledged to secure the Priming Facility. | |||||||||
On March 14, 2014, the lenders extended the maturity date of the Priming Facility to April 30, 2014. As of March 28, 2014, there was $10.8 million outstanding under the Priming Facility and $2.7 million borrowing availability, after availability blocks of $1.5 million. | |||||||||
Sale of the Company | |||||||||
Pursuant to the terms of the First Lien Credit Facility and the Priming Facility, both as amended from time to time, the Company agreed to pursue a sale process to sell the Company and use the proceeds to repay its indebtedness. The First Lien Credit Facility and Priming Facility set forth a series of milestones, requiring the Company to, among other things, distribute a final confidential information memorandum to prospective buyers no later than January 17, 2014, which was distributed shortly after such date. Under the terms of the First Lien Credit Facility and Priming Facility, an acceptable sale must be completed no later than April 21, 2014 and April 30, 2014, respectively. The failure to meet any one of these deadlines would be an event of default under the First Lien Credit Facility and the Priming Facility. | |||||||||
The Company engaged Moelis to assist in the sale process. There can be no assurance that the Company can conclude an acceptable sale and that if a sale is completed, that the Company’s creditors will receive payment in full or that the Company’s stockholders will receive any recovery in connection with the sale process. There is a high likelihood that any sale that takes place will be accomplished through a court-supervised bankruptcy process. | |||||||||
Failure to comply with the financial covenants, or any other non-financial or restrictive covenant, including the covenant to sell the Company, would create a default under the First Lien Credit Facility and Priming Facility, assuming the Company is unable to secure a waiver from its lenders. Upon a default, the Company’s lenders could accelerate the indebtedness under the facilities, foreclose against their collateral or seek other remedies, which would jeopardize the Company’s ability to continue its current operations. The Company may be required to amend its First Lien Credit Facility and/or Priming Facility, refinance all or part of its existing debt, sell assets, incur additional indebtedness, raise additional equity or file for bankruptcy protection. Further, based upon the Company’s actual performance levels, its senior secured leverage ratio, leverage ratio and minimum interest coverage ratio requirements or other financial covenants could limit its ability to incur additional debt, which could hinder its ability to execute its current business strategy. The Company cannot predict what actions, if any, its lenders would take following a default with respect to their indebtedness. The Company cannot make any assurances that cash on hand, and borrowings under the Priming Facility and/or its foreign debt facilities and cash generated from operations, will be sufficient to meet working capital requirements, anticipated capital expenditures and scheduled interest payments on indebtedness for the next 12 months. If the lenders accelerate the maturity of the Company’s debt, the Company will not have sufficient cash on hand or borrowing capacity to satisfy these obligations, and may not be able to pay its debt or borrow sufficient funds to refinance it on terms that are acceptable to the Company or at all. In such event, the Company would almost certainly be required to file for bankruptcy protection. | |||||||||
Second Lien Term Loan | |||||||||
In 2011, the Company also entered into a 5.5 year, $40.0 million second lien senior secured credit facility consisting of $40.0 million of term loan commitments (the “Second Lien Term Loan”). The Second Lien Term Loan was paid in full on April 18, 2012, and the arrangement was terminated. In connection with this refinancing, the Company recorded a $1.6 million loss from extinguishment of debt, primarily related to the write-off of unamortized debt issuance cost and discount. | |||||||||
Senior Notes and Revolving Credit Facility | |||||||||
On May 27, 2011, the Company refinanced its $150.0 million 11% senior notes, as well as $27.0 million in borrowings under the old revolving credit facility with a portion of the net proceeds from the First Lien Credit Facility and Second Lien Term Loan, together with cash on hand. In connection with this refinancing, the Company recorded a $2.0 million loss from extinguishment of debt, primarily related to the write-off of unamortized debt issuance costs. | |||||||||
Capital Leases | |||||||||
On August 17, 2012, the Company entered into an equipment financing arrangement with CapitalSource Bank. The lease is a three-year lease for equipment cost up to $10.0 million. As of December 31, 2013, there was approximately $2.0 million outstanding under this lease arrangement, with monthly payments of $0.1 million and an implied interest rate of 7.09%. | |||||||||
During 2012, the Company entered into three other capitalized leases with commercial financial institutions. These leases are for terms of three to four years for equipment cost of $0.3 million with implied interest rates from 5.42% to 8.72%. As of December 31, 2013, there was approximately $0.1 million outstanding under these leases. | |||||||||
In accordance with the terms of the Sixth Amendment to the First Lien Credit Facility discussed above, the Company is limited to $6.0 million in total capital leases. | |||||||||
Line of Credit – China Bank | |||||||||
On May 14, 2013 the Company entered into a Chinese Yuan (“CNY”) 160.0 million line of credit with the China Construction Bank (“CCB”) consisting of a CNY 90.0 million property, plant and equipment term loan, a CNY 60.0 million working capital credit facility and a CNY 10.0 million international trade financing credit facility as discussed below. There are certain restrictions the Company has agreed to under this line of credit which include not pledging as collateral any assets of the Company’s China entity to any third party except CCB. | |||||||||
Term Loans-China Bank | |||||||||
As of December 31, 2013, the Company had two unsecured term loans with the CCB. One loan is denominated in U. S. dollars and the other loan is denominated in the Chinese Yuan (“CNY”). The maximum amount that can be borrowed under these term loans is CNY 90.0 million ($14.7 million). The U. S dollar denominated loan limit is $7.0 million, and the CNY denominated loan limit is CNY 46.0 million ($7.5 million). The borrowings on these loans can only be used to finance the construction of the Company’s new facility in China and were entered into on July 8, 2013. Proceeds from the U. S dollar denominated loan are used to purchase machinery and equipment from suppliers not located in China, and the proceeds from the CNY denominated loan are used to purchase machinery and equipment from suppliers located in China. Each of these loans is for a term of seven years; interest is paid monthly with semi-annual principal payments beginning December 31, 2015 and ending June 30, 2020. The interest rate for the U. S. dollar denominated loan is LIBOR plus 380 basis points and is reset every three months. The interest rate for the CNY denominated loan is the lending interest rate quoted by the People’s Bank of China and is reset on annual basis. As of December 31, 2013, there was $10.2 million outstanding under these term loans consisting of $4.0 million outstanding under the U. S. dollar denominated loan and CNY 38.1 million ($6.2 million) outstanding under the CNY denominated loan, and the weighted average interest rate was 5.58%. Each term loan agreement contains a subjective acceleration clause. Based on current facts and circumstances and in accordance with ASC 470-10-45, debt outstanding under the term loans with CCB have been classified as current in the Consolidated Balance Sheet. | |||||||||
Non-Dollar Denominated Credit Facilities – | |||||||||
As of December 31, 2013, the Company had eight credit facilities with several of its international subsidiaries. | |||||||||
The Company has a CNY 60.0 million ($9.8 million) unsecured working capital facility with the CCB and is permitted to make monthly borrowings in both CNY and U. S. dollars. Each monthly borrowing has a maturity date of one year from the borrowing date and interest is paid monthly. The interest rate for U. S. dollar borrowings is LIBOR plus 350 basis points (variable market rate) and is reset every three months. The interest rate for CNY borrowings is the lending interest rate quoted by the People’s Bank of China plus 5.0%. As of December 31, 2013, there was CNY 8.4 million ($1.4 million) outstanding under these term loans consisting of $1.1 million (CNY 6.7 million) outstanding under the U. S. dollar borrowings and CNY 1.7 million ($0.3 million) outstanding under the CNY borrowings, and the weighted average interest rate was 4.26%. This credit facility is subject to an annual renewal review in May of each year and may be terminated by either CCB or the Company. | |||||||||
The Company has a CNY 10.0 million ($1.6 million) international trade financing credit facility primarily in place to support the issuance of international letters of credit outside of China. There were no amounts outstanding under this credit facility as of December 31, 2013, and the Company has no immediate plans to borrow under this facility in the foreseeable future. | |||||||||
The Company has two credit facilities with German banks in the amount of EUR 6.0 million ($8.3 million). These revolving credit facilities bear interest at various market rates, and are used primarily to guarantee the performance of European installation contracts and temporary working capital requirements. As of December 31, 2013, there was EUR 1.1 million ($1.5 million) outstanding under the lines of credit, EUR 1.7 million ($2.4 million) of bank guarantees and letters of credit outstanding, and EUR 3.2 million ($4.4 million) available under these credit facilities. In addition there was a EUR 0.1 million ($0.1 million) secured term loan with a German bank outstanding as of December 31, 2013, with a maturity date in March 2014. | |||||||||
The Company has three credit facilities with Egyptian banks in the amount of EGP 15.0 million ($2.2 million). These credit facilities bear interest at various market rates, and are primarily for cash management purposes. There was EGP 4.8 million ($0.7 million) outstanding under these lines of credit, EGP 3.1 million ($0.4 million) of bank guarantees and letters of credit outstanding, and EGP 7.1 million ($1.1 million) available under these credit facilities as of December 31, 2013. | |||||||||
The Company has a BAHT 600.0 million ($18.3 million) Trade on Demand Financing (accounts receivable) facility with Thai Military Bank Public Company Limited (“TMB”). This facility bears interest at LIBOR plus 1.75%, is unsecured and may be terminated at any time by either TMB or the Company. This facility permits the Company to borrow funds upon presentation of proper documentation of purchase orders or accounts receivable from its customers, in each case with a maximum term not to exceed 180 days. The Company maintains a bank account with TMB, assigns rights to the accounts receivable used for borrowings under this facility, and instructs these customers to remit payments to the bank account with TMB. TMB may, in its sole discretion, deduct or withhold funds from the Company’s bank account for settlement of any amounts owed by the Company under this facility. There was approximately BAHT 487.1 million ($14.8 million) outstanding and BAHT 112.9 million ($3.5 million) available under this facility as of December 31, 2013. | |||||||||
The Company had a CNY 2.1 million ($0.3 million) temporary credit facility with CCB as of December 31, 2012, which had a termination date of January 23, 2013 with an interest rate of 5.6%. The sole purpose of this credit facility was to provide funds, which originated in China, to be deposited with the Chinese Land Bureau (“CLB”), to permit the Company to bid on the land use right for its new manufacturing facility in Suzhou, Jiangsu Province, China. On January 23, 2013 CLB refunded the deposit to the Company upon the successful completion of the bid process on the land use right, and the Company repaid CNY 2.1 million ($0.3 million) to CCB. | |||||||||
Note_13_Fair_Value_of_Financia
Note 13 - Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2013 | |
Fair Value Disclosures [Abstract] | ' |
Fair Value Disclosures [Text Block] | ' |
13. Fair Value of Financial Instruments | |
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, GAAP requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. | |
The three levels of inputs used are as follows: | |
Level 1 – Observable inputs such as quoted prices in active markets for identical assets or liabilities. | |
Level 2 – Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. | |
Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. | |
The Company’s financial instruments consist primarily of cash and cash equivalents, trade receivables, trade payables and debt instruments. The carrying values of cash and cash equivalents, trade receivables and trade payables are considered to be representative of their respective fair values due to the short-term nature of these instruments. The fair value of the First Lien Credit Facility as of December 31, 2013 was approximately $168.8 million. The carrying amount of the remaining long-term debt of $12.4 million as of December 31, 2013 approximates fair value because the Company’s current borrowing rate does not materially differ from market rates for similar bank borrowings. The long-term debt is classified as a Level 2 item within the fair value hierarchy. | |
The Company has assets measured and recorded at fair value on a non-recurring basis. These non-financial assets, such as property, plant and equipment, goodwill and intangible assets are recorded at fair value only if an impairment charge is recognized. As discussed in Note 6, during 2013 the Company recognized impairment charges of $26.5 million related to its Europe Africa reporting unit and $25.2 million related to its North America reporting unit, respectively. These impairment charges utilized fair value calculations that are categorized as level 3. | |
Note_14_StockBased_Compensatio
Note 14 - Stock-Based Compensation | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||||||
14. Stock-Based Compensation | |||||||||||||||||||||
In connection with the Company’s public offering, it adopted the GSE 2011 Omnibus Incentive Compensation Plan, (the “2011 Plan”). The 2011 Plan provides for grants of stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalents and other stock-based awards. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing consulting or advisory services for the Company and its subsidiaries, are eligible for grants under the 2011 Plan. | |||||||||||||||||||||
The GEO Holdings Corp. 2004 Stock Option Plan (the “2004 Stock Option Plan”) became effective upon the consummation of the 2004 merger of the Company by CHS. Under the 2004 Stock Option Plan, which was amended and restated in December 2008, the Board of Directors may from time to time grant up to 2,276,703 options to purchase common stock to executives or other key employees or directors of GSE Holding and its subsidiaries. Both “nonqualified” stock options and “incentive” stock options may be granted under the 2004 Stock Option Plan with terms to be determined by the Board of Directors (or a committee thereof). As of December 31, 2013, options to purchase 865,338 shares of common stock were outstanding under the 2004 Stock Option Plan and options to purchase 478,108 shares of common stock remained available for issuance. All share-based payments to employees, which include grants of employee stock options, restricted stock awards and restricted stock units are measured at their respective grant date calculated fair values, and expensed in our consolidated statements of operations over the requisite service period (generally the grant’s vesting period). | |||||||||||||||||||||
Stock-based compensation of $1.2 million, $4.7 million and $0.1 million was recognized in the years ended December 31, 2013, 2012 and 2011, respectively. During the year ended December 31, 2012, $4.3 million of the stock-based compensation was related to 478,467 shares of fully vested common stock that was issued to certain key executives and directors in connection with the IPO. | |||||||||||||||||||||
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants. | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Risk Free Interest Rate | 0.61 | % | 0.54 | % | 1 | % | |||||||||||||||
Expected Life (years) | 4 | 4 | 3 | ||||||||||||||||||
Expected Volatility | 45.1 | % | 45.9 | % | 22.25 | % | |||||||||||||||
Expected Dividend Yield | 0 | % | 0 | % | 0 | % | |||||||||||||||
Weighted-average estimated fair value per option | $ | 2.36 | $ | 3.57 | $ | 0.65 | |||||||||||||||
The expected life of the options granted is based on the Company’s best estimates and expectations related to the exercising of the options issued. During 2013, the impact of forfeitures on compensation expense was approximately $0.1 million. | |||||||||||||||||||||
The following table summarizes stock option activity for the three years ended December 31, 2013: | |||||||||||||||||||||
Shares | Range of | Weighted | |||||||||||||||||||
Exercise Price | Average | ||||||||||||||||||||
Exercise | |||||||||||||||||||||
Price | |||||||||||||||||||||
Outstanding and exercisable at December 31, 2010 | 1,662,618 | $ | 0.67 | $ | 6.35 | $ | 2.42 | ||||||||||||||
Forfeited options | (39,288 | ) | $ | 5.9 | $ | 6.35 | $ | 6.19 | |||||||||||||
Forfeited options reissued | 108,630 | $ | 5.11 | $ | 5.11 | ||||||||||||||||
Outstanding and exercisable at December 31, 2011 | 1,731,960 | $ | 0.67 | $ | 6.35 | $ | 2.5 | ||||||||||||||
Options granted | 200,650 | $ | 11.57 | $ | 11.57 | ||||||||||||||||
Options exercised | (438,612 | ) | $ | 0.67 | $ | 6.35 | $ | 2.32 | |||||||||||||
Forfeited or expired options | (13,709 | ) | $ | 6.15 | $ | 11.57 | $ | 8.13 | |||||||||||||
Outstanding and exercisable at December 31, 2012 | 1,480,289 | $ | 0.67 | $ | 11.57 | $ | 3.73 | ||||||||||||||
Options granted | 290,840 | $ | 5.64 | $ | 6.97 | $ | 6.84 | ||||||||||||||
Options exercised | (494,645 | ) | $ | 0.67 | $ | 0.89 | $ | 0.68 | |||||||||||||
Forfeited or expired options | (273,546 | ) | $ | 5.9 | $ | 11.57 | $ | 8.33 | |||||||||||||
Outstanding and exercisable at December 31, 2013 | 1,002,938 | $ | 0.67 | $ | 11.57 | $ | 4.89 | ||||||||||||||
All outstanding stock options are held by employees and former employees of the Company and have an expiration date of 10 years from the date of grant. At December 31, 2013, the average remaining contractual life of options outstanding and exercisable was 2.7 years. There was approximately $2.0 million of unvested and unrecognized compensation expense as of December 31, 2013. There is a high likelihood that any court-supervised sale process will result in the cancellation of all of our common stock for no value. Accordingly, it is likely that all the value of all accumulated equity and equity based will be eliminated as a result of that process. | |||||||||||||||||||||
The intrinsic value of options exercised during 2013 and 2012 was $2.7 million and $2.5 million, respectively. As of December 31, 2013, the intrinsic value of options outstanding and exercisable was $0.4 million. The intrinsic value of a stock option is the difference between the estimated fair value of the underlying common stock and the exercise price of the option. The value of each restricted stock award and restricted stock unit is based on the closing quoted market price of the Company’s common stock on the date of the award. | |||||||||||||||||||||
During the tenure of the Interim President and Chief Executive Officer, approximately $0.3 million of the 2013 salary was to be paid in the form of Company common stock in 2014 and is recorded in accrued liabilities as of December 31, 2013. | |||||||||||||||||||||
Note_15_Income_Taxes
Note 15 - Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Income Tax Disclosure [Text Block] | ' | ||||||||||||
15. Income Taxes | |||||||||||||
Domestic and foreign income (loss) from continuing operations before income taxes were as follows (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (70,559 | ) | $ | (4,720 | ) | $ | (5,488 | ) | ||||
Foreign | (8,027 | ) | 6,622 | 9,795 | |||||||||
Total | $ | (78,586 | ) | $ | 1,902 | $ | 4,307 | ||||||
The provision (benefit) for income taxes from continuing operations consisted of the following (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current expense: | |||||||||||||
U.S. | |||||||||||||
Federal | $ | − | $ | − | $ | − | |||||||
State | 150 | 100 | 65 | ||||||||||
Total U.S. | 150 | 100 | 65 | ||||||||||
Foreign | 197 | 3,412 | 2,861 | ||||||||||
Total current | 347 | 3,512 | 2,926 | ||||||||||
Deferred expense (benefit): | |||||||||||||
U.S. | |||||||||||||
Federal | 7,283 | (3,221 | ) | − | |||||||||
State | − | − | − | ||||||||||
Total U.S. | 7,283 | (3,221 | ) | − | |||||||||
Foreign | (1,690 | ) | 65 | 564 | |||||||||
Total deferred | 5,593 | (3,156 | ) | 564 | |||||||||
Total provision for income taxes | $ | 5,940 | $ | 356 | $ | 3,490 | |||||||
Reconciliation between the provision for income taxes from continuing operations and income taxes computed by applying the statutory rate of 35% is as follows (in thousands): | |||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Tax (benefit) provision at statutory rate | $ | (27,505 | ) | $ | 666 | $ | 1,507 | ||||||
Add (deduct): | |||||||||||||
Meals and entertainment | 45 | 88 | 36 | ||||||||||
Dividends | − | − | 670 | ||||||||||
Goodwill impairment | 17,238 | − | − | ||||||||||
Change in valuation allowance | 12,280 | (72 | ) | 1,779 | |||||||||
Expired foreign tax credits | 2,639 | − | − | ||||||||||
Taxable differential for foreign subsidiaries | 536 | (392 | ) | (492 | ) | ||||||||
State income tax, net of federal benefit | 75 | 65 | 42 | ||||||||||
Other, net | 632 | 1 | (52 | ) | |||||||||
$ | 5,940 | $ | 356 | $ | 3,490 | ||||||||
The tax effects of temporary differences that gave rise to the deferred tax assets and liabilities were: | |||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | (in thousands) | ||||||||||||
Accrued expenses | $ | 5,767 | $ | 6,110 | |||||||||
Foreign tax credit | 15,664 | 17,546 | |||||||||||
Net operating loss carryforward | 11,988 | 5,679 | |||||||||||
AMT carryforward | 556 | 591 | |||||||||||
Valuation allowance | (31,390 | ) | (19,110 | ) | |||||||||
2,585 | 10,816 | ||||||||||||
Deferred tax liabilities: | |||||||||||||
Excess book basis over tax basis for property, plant and equipment and intangible assets | (1,766 | ) | (4,212 | ) | |||||||||
Other | (926 | ) | (1,868 | ) | |||||||||
(2,692 | ) | (6,080 | ) | ||||||||||
Net deferred tax (liability) asset | $ | (107 | ) | $ | 4,736 | ||||||||
At December 31, 2013, the Company has net operating loss carryforwards for U.S. federal income tax purposes of $31.8 million which will begin to expire, if unused, in 2023 and $8.1 million of foreign net operating loss carryforwards, which do not expire. Approximately $4.6 million of the federal net operating loss carryforward is attributable to excess employee stock option deductions, the benefit from which will be allocated to additional paid-in capital rather than current earnings if subsequently realized.The Company also has foreign tax credit carryfowards for U.S. federal income tax purposes of $15.6 million which will begin to expire, if unused, in 2014. In addition, the Company has an alternative minimum tax credit carryforward of $0.6 million, which does not expire. | |||||||||||||
Deferred tax assets are recorded for net operating losses, tax credit carryforwards and temporary differences in the book and tax bases of assets and liabilities . The realization of these assets depends on the recognition of sufficient future taxable income in specific tax jurisdictions during periods in which those temporary differences or carryforwards are deductible. In assessing the need for a valuation allowance on the Company’s deferred tax assets, the Company considered whether it is more likely than not that some portion or all of them will not be realized. The Company believes that the reversal of existing United States taxable temporary differences will support a portion of the existing deferred tax assets, but there is not sufficient additional positive evidence to support the remaining United States deferred tax assets. During the third quarter of 2013, the Company concluded that the negative evidence relating to the realization of its U.S. deferred tax assets outweighed the positive evidence. As such, a valuation allowance of $6.5 million was recorded as of September 30, 2013 relating to beginning of year deferred tax assets. During the fourth quarter, no benefit was recorded for U.S. losses, which resulted in an increase in the valuation allowance of $6.9 million for the remaining net deferred tax assets. As of December 31, 2013, the Company has a $13.4 million valuation allowance related to United States net deferred tax assets. Additionally, as of December 31, 2013, there are $2.3 million foreign net operating losses, state net operating losses and foreign deferred tax assets that the Company does not believe are more likely than not to be realized. As such, these deferred tax assets have a valuation allowance recorded against them. In addition, due to uncertainty as to the ability to utilize foreign tax credits, the Company does not believe there is sufficient evidence to conclude it is more likely than not the foreign tax credits will be utilized. As such, a valuation allowance has been recorded against the foreign tax credits in the amount of $15.7 million as of December 31, 2013. The total valuation allowance on deferred tax assets totaled $31.4 million at December 31, 2013. | |||||||||||||
Undistributed retained earnings of the Company’s foreign subsidiaries amounted to approximately $25.6 million at December 31, 2013. Provision for U.S. federal income taxes has not been provided for these earnings as the Company considers them to be permanently reinvested. Upon distribution of those earnings in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries. Determination of the amount of the unrecognized deferred tax asset/liability, if any, for temporary differences related to investments in foreign subsidiaries that are essentially permanent in duration is not practicable. | |||||||||||||
At December 31, 2013, the Company had no unrecognized tax benefits. | |||||||||||||
The Company recognizes accrued interest related to unrecognized tax benefits and penalties as income tax expense. During 2013, no interest or penalty amounts were recognized related to uncertain tax benefits. The Company is subject to income tax in U.S. federal, state and foreign jurisdictions. Based on applicable statutes of limitations, the Company is generally no longer subject to examinations by tax authorities in years prior to 2009. | |||||||||||||
Note_16_Employee_Benefit_Plans
Note 16 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2013 | |
Compensation and Retirement Disclosure [Abstract] | ' |
Pension and Other Postretirement Benefits Disclosure [Text Block] | ' |
16. Employee Benefit Plans | |
The Company has a defined contribution employee benefit plan under which substantially all U.S. employees are eligible to participate. The Company matches a portion of the employees’ contributions. The Company contributed approximately $0.3 million, $0.4 million and $0.4 million to the plan during the years ended December 31, 2013, 2012 and 2011, respectively. | |
The Company has an unfunded pension plan in the Europe Africa region covering four former employees who are currently receiving pension benefits. The accrued pension benefit obligations as of December 31, 2013 were approximately $1.3 million and these obligations are included as a component of other long-term liabilities. This pension plan was terminated in 1995 and no other employees are or will be eligible to receive pension benefits. | |
The Company has obligations in respect of severance payments to its employees in the Asia Pacific region upon retirement under labor law. The Company treats these severance payment obligations as a defined benefit plan and, as of December 31, 2013, the accrued benefit was approximately $0.3 million and is included as a component of accrued liabilities. | |
Note_17_Concentration_of_Credi
Note 17 - Concentration of Credit and Other Risks | 12 Months Ended |
Dec. 31, 2013 | |
Risks and Uncertainties [Abstract] | ' |
Concentration Risk Disclosure [Text Block] | ' |
17. Concentration of Credit and Other Risks | |
Accounts receivable could potentially subject the Company to concentrations of credit risk. The Company continuously evaluates the creditworthiness of its customers and may require customers to provide letters of credit to guarantee payments. During the years ended December 31, 2013, 2012 and 2011, no single customer accounted for 10% or more of net sales. | |
The Company currently purchases its raw material, mainly polyethylene resins from at least two suppliers at each location. Polyethylene resins are occasionally in short supply and are subject to substantial price fluctuation in response to market demand. The Company has not encountered any significant prolonged difficulty to date in obtaining raw materials in sufficient quantities to support its operations at current or expected near-term future levels. However, any disruption in raw material supply or abrupt increases in raw material prices could have an adverse effect upon the Company’s operations. | |
Note_18_Commitments_and_Contin
Note 18 - Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Commitments and Contingencies Disclosure [Text Block] | ' | ||||
18. Commitments and Contingencies | |||||
Product Warranties and Insurance Coverage | |||||
The Company’s products are sold and installed with specified limited warranties as to material quality and workmanship. These limited warranties may last for up to 20 years, but are generally limited to repair or replacement by the Company of the defective liner or the dollar amount of the contract involved, on a prorated basis. The Company may also indemnify the site owner or general contractor for other damages resulting from negligence of the Company’s employees. The Company accrues a warranty reserve based on estimates for warranty claims. This estimate is based on historical claims history and current business activities and is accrued as a cost of sales in the period such business activity occurs. | |||||
The table below reflects a summary of activity of the Company’s operations for warranty obligations through December 31, 2013 (in thousands): | |||||
Balance at December 31, 2010 | $ | 2,802 | |||
Provision / changes in estimates | 110 | ||||
Payments | (687 | ) | |||
Balance at December 31, 2011 | 2,225 | ||||
Provision / changes in estimates | (947 | ) | |||
Payments | (103 | ) | |||
Balance at December 31, 2012 | 1,175 | ||||
Provision / changes in estimates | (375 | ) | |||
Payments | − | ||||
Balance at December 31, 2013 | $ | 800 | |||
Although the Company is not exposed to the type of potential liability that might arise from being in the business of handling, transporting or storing hazardous waste or materials, the Company could be susceptible to liability for environmental damage or personal injury resulting from defects in the Company’s products or negligence by Company employees in the installation of its lining systems. Such liability could be substantial because of the potential that hazardous or other waste materials might leak out of their containment system into the environment. The Company maintains liability insurance, which includes contractor’s pollution liability coverage in amounts which it believes to be prudent. However, there is no assurance that this coverage will remain available to the Company. While the Company’s claims experience to date may not be a meaningful measure of its potential exposure for product liability, the Company has experienced no material losses from defects in products and installations. | |||||
Bonding – Bank Guarantees | |||||
The Company, in some direct sales and raw material acquisition situations, is required to post performance bonds or bank guarantees as part of the contractual guarantee for its performance. The performance bonds or bank guarantees can be in the full amount of the contracts. To date the Company has not received any claims against any of the posted securities, most of which terminate at the final completion date of the contracts. As of December 31, 2013, the Company had $6.3 million of bonds outstanding and $4.8 million of guarantees issued under its bank lines. | |||||
Litigation and Claims | |||||
The Company is a party to various legal actions arising in the ordinary course of its business. These legal actions cover a broad variety of claims spanning the Company’s entire business. The Company believes it is not reasonably possible that resolution of these legal actions will, individually or in the aggregate, have a material adverse effect on their financial condition, results of operations or cash flows. | |||||
Operating Leases | |||||
The Company leases certain equipment through operating lease arrangements of varying terms. The following is a schedule of future minimum lease payments for operating leases as of December 31, 2013 (in thousands): | |||||
Year ending December 31, | |||||
2014 | $ | 638 | |||
2015 | 329 | ||||
2016 | 240 | ||||
2017 | 216 | ||||
2018 | 216 | ||||
Thereafter | 1,377 | ||||
$ | 3,016 | ||||
Annual rent expense under the terms of non-cancelable operating leases was less than 1% of consolidated sales during the years ended December 31, 2013, 2012 and 2011. | |||||
Note_19_Related_Party_Transact
Note 19 - Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
19. Related Party Transactions | |
Management Agreement with CHS Management IV LP | |
In connection with the 2004 acquisition of the Company by CHS, the Company and GEO Holdings entered into a management agreement with CHS Management IV LP (“CHS Management”) a limited partnership (1) of which CHS is the general partner and (2) which is the general partner of CHS IV. Pursuant to the management agreement, CHS Management provided certain financial and management consulting services to GEO Holdings and to the Company. In consideration of those services, the Company paid fees to CHS Management in an aggregate annual amount of $2.0 million payable in equal monthly installments. Under the management agreement, the Company paid and expensed $0.2 million and $2.1 million during the years ended December 31, 2012 and 2011, respectively. In connection with the Company’s IPO, the management agreement was terminated, and a fee of $3.0 million was paid and expensed during the year ended December 31, 2012. The amounts paid to CHS are included in selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss). As of December 31, 2013, there were no amounts payable to CHS under the terminated agreement. | |
Note_20_Segment_Information
Note 20 - Segment Information | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Segment Reporting Disclosure [Text Block] | ' | ||||||||||||||||||||||||
20. Segment Information | |||||||||||||||||||||||||
The Company’s operating and external reporting segments are based on geographic regions, which is consistent with the basis of how management internally reports and evaluates financial information used to make operating decisions. The Company’s reportable segments are North America, Europe Africa, Asia Pacific, Latin America and Middle East. | |||||||||||||||||||||||||
Management evaluates performance and allocates resources based on sales and gross margin. The accounting policies of the reportable segments are the same as those described in Note 3 – Summary of Significant Accounting Policies. | |||||||||||||||||||||||||
The following tables present information about the results from continuing operations and assets of the Company’s reportable segments for the periods presented. | |||||||||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 174,888 | $ | 115,657 | $ | 78,007 | $ | 37,040 | $ | 12,060 | $ | 417,652 | |||||||||||||
Intersegment sales | 29,811 | 161 | 9,901 | – | 5,898 | 45,771 | |||||||||||||||||||
Total segment net sales | 204,699 | 115,818 | 87,908 | 37,040 | 17,958 | 463,423 | |||||||||||||||||||
Gross profit | 29,038 | 6,168 | 8,790 | 3,511 | 1,433 | 48,940 | |||||||||||||||||||
Gross margin | 16.6 | % | 5.3 | % | 11.3 | % | 9.5 | % | 11.9 | % | 11.7 | % | |||||||||||||
Segment assets | $ | 136,030 | $ | 60,182 | $ | 79,145 | $ | 24,734 | $ | 19,748 | $ | 319,839 | |||||||||||||
Year ended December 31, 2012 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 185,893 | $ | 139,329 | $ | 97,233 | $ | 46,112 | $ | 8,077 | $ | 476,644 | |||||||||||||
Intersegment sales | 42,051 | 35 | 12,554 | – | 4,590 | 59,230 | |||||||||||||||||||
Total segment net sales | 227,944 | 139,364 | 109,787 | 46,112 | 12,667 | 535,874 | |||||||||||||||||||
Gross profit | 46,854 | 10,894 | 16,771 | 4,799 | 692 | 80,010 | |||||||||||||||||||
Gross margin | 25.2 | % | 7.8 | % | 17.2 | % | 10.4 | % | 8.6 | % | 16.8 | % | |||||||||||||
Segment assets | $ | 229,272 | $ | 62,154 | $ | 66,283 | $ | 38,774 | $ | 16,705 | $ | 413,188 | |||||||||||||
Year ended December 31, 2011 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 205,015 | $ | 131,258 | $ | 74,287 | $ | 44,402 | $ | 9,489 | $ | 464,451 | |||||||||||||
Intersegment sales | 19,704 | 471 | 16,052 | 325 | 1,333 | 37,885 | |||||||||||||||||||
Total segment net sales | 224,719 | 131,729 | 90,339 | 44,727 | 10,822 | 502,336 | |||||||||||||||||||
Gross profit | 45,971 | 10,139 | 10,261 | 4,647 | 628 | 71,646 | |||||||||||||||||||
Gross margin | 22.4 | % | 7.7 | % | 13.8 | % | 10.5 | % | 6.6 | % | 15.4 | % | |||||||||||||
Segment assets | $ | 193,937 | $ | 58,334 | $ | 41,659 | $ | 30,280 | $ | 11,017 | $ | 335,227 | |||||||||||||
The following tables reconcile the segment information presented above to the consolidated financial information. | |||||||||||||||||||||||||
Sales | |||||||||||||||||||||||||
Reconciliation to Consolidated Sales | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Total segment net sales | $ | 463,423 | $ | 535,874 | $ | 502,336 | |||||||||||||||||||
Intersegment sales | (45,771 | ) | (59,230 | ) | (37,885 | ) | |||||||||||||||||||
Consolidated net sales | $ | 417,652 | $ | 476,644 | $ | 464,451 | |||||||||||||||||||
Assets | |||||||||||||||||||||||||
Reconciliation to Consolidated Assets | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Total segment assets | $ | 319,839 | $ | 413,188 | |||||||||||||||||||||
Intersegment balances | (53,687 | ) | (77,090 | ) | |||||||||||||||||||||
Consolidated assets | $ | 266,152 | $ | 336,098 | |||||||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
United States | $ | 27,392 | $ | 36,315 | |||||||||||||||||||||
Germany | 6,851 | 8,349 | |||||||||||||||||||||||
United Kingdom | 202 | 204 | |||||||||||||||||||||||
Thailand | 14,276 | 12,722 | |||||||||||||||||||||||
China | 16,520 | 1,564 | |||||||||||||||||||||||
Chile | 2,528 | 3,084 | |||||||||||||||||||||||
Egypt | 8,485 | 7,934 | |||||||||||||||||||||||
Total | $ | 76,254 | $ | 70,172 | |||||||||||||||||||||
Geographic Sales Information | |||||||||||||||||||||||||
The following table presents further geographic detail for sales. For purposes of this disclosure, sales are attributed to individual countries on the basis of the physical location and jurisdiction of the entity invoicing the customer for the sale. | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
United States | $ | 142,211 | $ | 152,893 | $ | 164,409 | |||||||||||||||||||
Non-United States | 32,677 | 33,000 | 40,606 | ||||||||||||||||||||||
North America | 174,888 | 185,893 | 205,015 | ||||||||||||||||||||||
Europe Africa | 115,657 | 139,329 | 131,258 | ||||||||||||||||||||||
Asia Pacific | 78,007 | 97,233 | 74,287 | ||||||||||||||||||||||
Latin America | 37,040 | 46,112 | 44,402 | ||||||||||||||||||||||
Middle East | 12,060 | 8,077 | 9,489 | ||||||||||||||||||||||
Total sales | $ | 417,652 | $ | 476,644 | $ | 464,451 | |||||||||||||||||||
Product Information | |||||||||||||||||||||||||
The Company sells four significant types of geosynthetic lining products, generally categorized as geomembranes, drainage products, geosynthetic clay liners and nonwoven geotextiles. Geomembranes are synthetic polymeric lining materials used as barriers in geotechnical engineering applications. Drainage products, such as geonets and geocomposites, are typically installed along with geomembranes in a liner system to keep liquids from accumulating on the liners. Geosynthetic clay liners are typically installed as the bottom layer of a liner system. Nonwoven geotextiles are synthetic, staple fiber, nonwoven needle-punched fabrics used in environmental and other industrial applications. All other polysynthetic products are captured in the specialty products category. Each product category is sold in each geographic segment. | |||||||||||||||||||||||||
The following table presents the net sales of each product category for the years presented: | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Geomembranes | $ | 311,210 | $ | 362,384 | $ | 352,224 | |||||||||||||||||||
Drainage | 42,054 | 49,818 | 44,247 | ||||||||||||||||||||||
Geosynthetic clay liners | 32,069 | 29,678 | 33,541 | ||||||||||||||||||||||
Nonwoven geotextiles | 7,925 | 12,443 | 16,067 | ||||||||||||||||||||||
Specialty products | 12,757 | 4,684 | 8,513 | ||||||||||||||||||||||
Other | 11,637 | 17,637 | 9,859 | ||||||||||||||||||||||
Total sales | $ | 417,652 | $ | 476,644 | $ | 464,451 | |||||||||||||||||||
Note_21_Discontinued_Operation
Note 21 - Discontinued Operations | 12 Months Ended |
Dec. 31, 2013 | |
Discontinued Operations and Disposal Groups [Abstract] | ' |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | ' |
21. Discontinued operations | |
The Company closed its manufacturing facility located in the United Kingdom, sold its interest in Bentoliner Canada, and exited the United States Installation business in 2010. Additionally, the Company completed the exit from the synthetic turf business as of December 31, 2008. For the years ended December 31, 2012, the Company recorded an after tax loss of $0.5 million related to discontinued operations. For the year ended December 31, 2011, the Company recorded after tax income of $0.1 million related to discontinued operations. At December 31, 2012, there were approximately $0.4 million in assets and $0.8 million in liabilities related to discontinued operations. | |
Note_22_Quarterly_Financial_Da
Note 22 - Quarterly Financial Data (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Quarterly Financial Information [Text Block] | ' | ||||||||||||||||
22. Quarterly Financial Data (Unaudited) | |||||||||||||||||
The following tables set forth certain historical unaudited consolidated quarterly statement of operations data for each of the eight quarters in the two years ended December 31, 2013. | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net sales | $ | 95,134 | $ | 108,201 | $ | 117,976 | $ | 96,341 | |||||||||
Cost of products | 81,877 | 94,992 | 104,281 | 87,562 | |||||||||||||
Gross profit | 13,257 | 13,209 | 13,695 | 8,779 | |||||||||||||
Operating loss | (1,141 | ) | (27,031 | ) | (24,497 | ) | (6,382 | ) | |||||||||
Net loss | (2,447 | ) | (33,893 | ) | (35,822 | ) | (12,364 | ) | |||||||||
Basic EPS (1) | (0.12 | ) | (1.69 | ) | (1.77 | ) | (0.61 | ) | |||||||||
Diluted EPS (1) | (0.12 | ) | (1.69 | ) | (1.77 | ) | (0.61 | ) | |||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net sales | $ | 94,916 | $ | 139,168 | $ | 121,200 | $ | 121,360 | |||||||||
Cost of products | 80,528 | 114,958 | 100,150 | 100,998 | |||||||||||||
Gross profit | 14,388 | 24,210 | 21,050 | 20,362 | |||||||||||||
Operating income (loss) | (6,492 | ) | 12,099 | 8,810 | 5,430 | ||||||||||||
Net income (loss) | (12,766 | ) | 3,796 | 5,240 | 4,814 | ||||||||||||
Basic EPS (1) | (0.82 | ) | 0.2 | 0.27 | 0.24 | ||||||||||||
Diluted EPS (1) | (0.82 | ) | 0.19 | 0.26 | 0.24 | ||||||||||||
-1 | The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year based on the respective weighted average common shares outstanding. | ||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Consolidation, Policy [Policy Text Block] | ' | ||||||||||||||||
Consolidation and Basis of Presentation | |||||||||||||||||
The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. | |||||||||||||||||
Certain reclassifications were made to the December 31, 2012 and 2011 consolidated financial statements to conform to the 2013 financial statement presentation. These reclassifications did not have an impact on previously reported results. | |||||||||||||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. | |||||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||||||||||||
Cash and Cash Equivalents | |||||||||||||||||
The Company considers all highly liquid short-term investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Receivables, Policy [Policy Text Block] | ' | ||||||||||||||||
Accounts Receivable | |||||||||||||||||
Accounts receivable are recorded at the invoiced amounts and do not bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing receivables. The allowance is reviewed monthly and the Company establishes reserves for doubtful accounts on a case-by-case basis when it is believed that the required payment of specific amounts owed to the Company is unlikely to occur. | |||||||||||||||||
The Company has receivables from customers in various countries. The Company generally does not require collateral or other security to support customer receivables unless credit capacity is not evident. In the case where credit capacity does not exist or cannot be appropriately determined, unsecured exposure security instruments such as upfront cash payments, down payments, credit cards, letters of credit, standby letters of credit, bank guarantees or personal guarantees will be required. In addition, in the U.S. where a customer’s project is state or federally sponsored or owned, a payment or security bond is required by law in most states. If the customers’ financial condition was to deteriorate or their access to freely convertible currency was restricted, resulting in impairment of their ability to make the required payments, additional allowances may be required. | |||||||||||||||||
The following provides changes in the Company’s accounts receivable allowances for the years ended December 31, 2011, 2012 and 2013: | |||||||||||||||||
(in thousands) | |||||||||||||||||
Balance at the | Charged to | Write-offs | Balance at the | ||||||||||||||
beginning of | expense | end of the year | |||||||||||||||
the year | |||||||||||||||||
December 31, 2011 | $ | 1,932 | $ | 362 | $ | (558 | ) | $ | 1,736 | ||||||||
December 31, 2012 | $ | 1,736 | $ | 1,155 | $ | (2,022 | ) | $ | 869 | ||||||||
December 31, 2013 | $ | 869 | $ | 3,237 | $ | (32 | ) | $ | 4,074 | ||||||||
Inventory, Policy [Policy Text Block] | ' | ||||||||||||||||
Inventory | |||||||||||||||||
Inventory is stated at the lower of cost or market. Cost, which includes material, labor and overhead, is determined by the weighted average cost method, which approximates the first-in, first-out cost method. The Company records provisions, as appropriate, to write-down slow-moving, excess or obsolete inventory to estimated net realizable value. The process for evaluating inventory often requires the Company to make subjective judgments and estimates concerning future sales levels, as well as the quantities and prices at which such inventories will be able to be sold in the normal course of business. | |||||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||||||||||||||
Property, Plant and Equipment | |||||||||||||||||
Property, plant and equipment are carried at cost, less accumulated depreciation. Depreciation is computed using the straight-line method, based on the estimated useful lives of the respective assets, which generally range from three to 30 years. Depreciation expense continues to be recognized when facilities or equipment are temporarily idled. Costs of additions and major improvements are capitalized, whereas maintenance and repairs which do not improve or extend the life of the asset are charged to expense as incurred. When items are retired or otherwise disposed of, income is charged or credited for the difference between net book value and net proceeds realized thereon. Interest costs incurred in connection with construction of qualifying assets are capitalized and depreciated over the useful life of the asset. The Company makes use of judgments and estimates in conjunction with accounting for property, plant and equipment, including amounts to be capitalized, depreciation methods and useful lives. | |||||||||||||||||
Capitalized costs associated with software developed for internal use include external direct costs of materials and services consumed in developing or obtaining internal-use software and payroll for employees directly associated with, and who devote time to, the development of the internal-use software. Costs incurred in development and enhancement of software that do not meet the capitalization criteria, such as costs of activities performed during the preliminary and post-implementation stages, are expensed as incurred. Cost incurred in development and enhancements that do not meet the criteria to capitalize are activities performed during the application development stage such as designing, coding, installing and testing. The critical estimate related to this process is the determination of the amount of time devoted by employees to specific stage of internal-use software development projects. The Company reviews any impairment of the capitalized costs on a periodic basis. The Company amortizes such costs over the estimated useful life of the software, which is three years once the software has been placed in service. The Company capitalized software development costs of approximately $0.4 million, $0.4 million and $5.4 million in 2013, 2012 and 2011, respectively. Amortization expense related to capitalized software development costs was approximately $2.0 million, $2.4 million and $1.4 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | ' | ||||||||||||||||
Impairment of Long-Lived Assets | |||||||||||||||||
Carrying values of property, plant and equipment and finite-lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying values may not be recoverable. Such events or circumstances include, but are not limited to: | |||||||||||||||||
• | Significant declines in an asset’s market price; | ||||||||||||||||
• | Significant deterioration in an asset’s physical condition; | ||||||||||||||||
• | Significant changes in the nature or extent of an asset’s use or operation; | ||||||||||||||||
• | Significant adverse changes in the business climate that could impact an asset’s value, including adverse actions or assessments by regulators; | ||||||||||||||||
• | Accumulation of costs significantly in excess of original expectations related to the acquisition or construction of an asset; | ||||||||||||||||
• | Current-period operating or cash flow losses combined with a history of such losses or a forecast that demonstrates continuing losses associated with an asset’s use; and | ||||||||||||||||
• | Expectations that it is more likely than not that an asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. | ||||||||||||||||
If impairment indicators are present, the Company determines whether an impairment loss should be recognized by testing the applicable asset or asset group’s carrying value for recoverability. This test requires long-lived assets to be grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, the determination of which requires judgment. The Company estimates the undiscounted future cash flows expected to be generated from the use and eventual disposal of the assets, and compares that estimate to the respective carrying values in order to determine if such carrying values are recoverable. This assessment requires the exercise of judgment in assessing the future use of and projected value to be derived from the eventual disposal of the assets to be held and used. Assessments also consider changes in asset utilization, including the temporary idling of capacity and the expected timing for placing this capacity back into production. If the carrying value of the assets is not recoverable, then a loss is recorded for the difference between the assets’ fair value and respective carrying value. The fair value of the assets is determined using an “income approach” based upon a forecast of all the expected discounted future net cash flows associated with the subject assets. Some of the more significant estimates and assumptions include: market size and growth, market share, projected selling prices, manufacturing cost and discount rate. The Company’s estimates are based upon its historical experience, its commercial relationships, market conditions and available external information about future trends. The Company believes its current assumptions and estimates are reasonable and appropriate; however, unanticipated events and changes in market conditions could affect such estimates, resulting in the need for an impairment charge in future periods. Given the significant assumptions underlying impairment assessments and the uncertainties relating to the Company’s sale process, it is reasonably possible that the conclusion that long-lived assets are not impaired will change in the near term. | |||||||||||||||||
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block] | ' | ||||||||||||||||
Goodwill and Impairment Testing | |||||||||||||||||
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 is subject to at least an annual assessment for impairment by applying a fair- value-based test. The Company reviews goodwill to determine potential impairment annually, or more frequently if events and circumstances indicate that the asset might be impaired. The goodwill impairment analysis is comprised of two steps. The first step requires the comparison of the fair value of the applicable reporting unit to its respective carrying value. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, goodwill is not considered impaired and the Company would not be required to perform further testing. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company must perform the second step of the impairment test in order to determine the implied fair value of the reporting unit’s goodwill. If the carrying value of a reporting unit’s goodwill exceeds its implied fair value, then the Company would record an impairment loss equal to the difference. | |||||||||||||||||
The Company’s annual assessment date is as of October 1. With respect to this testing, a the Company’s reportable segments are its geographic operating segments as there is no discrete financial information available below the Company’s operating segments. Future cash flows are typically based upon a five-year future period for the business and an estimated residual value. Management judgment is required in the estimation of future operating results and to determine the appropriate residual values. Future operating results and residual values could reasonably differ from the estimates and could require a provision for impairment in a future period. Impairment was necessary in 2013 (see Note 6) and no impairment was necessary in 2012 or 2011. | |||||||||||||||||
Deferred Charges, Policy [Policy Text Block] | ' | ||||||||||||||||
Deferred Financing Costs | |||||||||||||||||
Debt issuance costs are capitalized and amortized to interest expense using the effective interest rate method over the period the related debt is anticipated to be outstanding. | |||||||||||||||||
Standard Product Warranty, Policy [Policy Text Block] | ' | ||||||||||||||||
Warranty Costs | |||||||||||||||||
The Company’s geosynthetic products are sold and installed with specified limited warranties as to material quality and workmanship that typically extend 5 years, but may extend up to 20 years. The Company accrues a warranty reserve based on historical warranty claims. The reserve for these costs, along with other risk-based reserves, is included in the self-insurance reserves (see Note 17). | |||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||||||||||||
Revenue Recognition | |||||||||||||||||
The Company recognizes revenues for products sold directly to customers when products are shipped, title and risk of loss passes to the buyer, the Company has no further obligation to the buyer, and collectability is reasonably assured. | |||||||||||||||||
The Company recognizes revenue relating to contracts for the design and installation of geosynthetic containment solutions using the percentage of completion method. Revenue recognized under the percentage of completion method was $7.1 million, $10.1 million and $9.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||||||||||||||
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' | ||||||||||||||||
Foreign Currency | |||||||||||||||||
Results of operations for the Company’s Europe Africa and Middle East subsidiaries have functional currencies other than the U.S. dollar are translated using average exchange rates during the year. Assets and liabilities of these subsidiaries are translated using the exchange rates in effect at the balance sheet date and the resulting translation adjustments are recognized as a separate component of comprehensive income (loss). | |||||||||||||||||
Each of the Company’s foreign subsidiaries may enter into contractual arrangements with customers or vendors that are denominated in currencies other than its respective functional currency. As a result, the Company’s results of operations may be affected by exposure to changes in foreign currency exchange rates and economic conditions in the regions in which it purchases raw material inventory or sells and distributes its products. Gains and losses arising from foreign currency transactions are recognized as incurred. | |||||||||||||||||
In connection with contracts performed outside of the United States, the Company routinely bids fixed-price contracts denominated in currencies different than the functional currency of the applicable subsidiary performing the work. The Company recognizes that such bidding practices, in the context of international operations, are subject to the risk of foreign currency fluctuations not present in domestic operations. Gains and losses related to these contracts are included in the Consolidated Statements of Operations and Comprehensive Income (Loss). | |||||||||||||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||||||||||||
Income Taxes | |||||||||||||||||
Deferred tax assets and liabilities represent the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. They are measured using the enacted tax rates expected to apply to taxable income in the years in which the related temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred tax assets include tax loss and credit carryforwards and are reduced by a valuation allowance if, based on available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Significant judgment is required in assessing the timing and amounts of deductible and taxable items. | |||||||||||||||||
The Company evaluates the tax positions for all jurisdictions and for all years where the statute of limitations has not expired and the Company is required to meet a “more-likely-than-not” threshold (i.e. greater than a 50 percent likelihood of a tax position being sustained under examination) prior to recording a tax benefit. Additionally, for tax positions meeting this “more-likely-than-not” threshold, the amount of benefit is limited to the largest benefit that has a greater than 50 percent probability of being realized upon effective settlement. | |||||||||||||||||
Segment Reporting, Policy [Policy Text Block] | ' | ||||||||||||||||
Segment Reporting | |||||||||||||||||
The Company’s operating and external reporting segments are based on the geographic regions in which it operates, which is consistent with the basis on which the Company internally reports and how management evaluates operations in order to make operating decisions. The Company’s reportable segments are: North America, Europe Africa, Asia Pacific, Latin America and Middle East. |
Note_3_Summary_of_Significant_1
Note 3 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure Text Block [Abstract] | ' | ||||||||||||||||
Allowance for Credit Losses on Financing Receivables [Table Text Block] | ' | ||||||||||||||||
(in thousands) | |||||||||||||||||
Balance at the | Charged to | Write-offs | Balance at the | ||||||||||||||
beginning of | expense | end of the year | |||||||||||||||
the year | |||||||||||||||||
December 31, 2011 | $ | 1,932 | $ | 362 | $ | (558 | ) | $ | 1,736 | ||||||||
December 31, 2012 | $ | 1,736 | $ | 1,155 | $ | (2,022 | ) | $ | 869 | ||||||||
December 31, 2013 | $ | 869 | $ | 3,237 | $ | (32 | ) | $ | 4,074 |
Note_5_Net_Income_Loss_Per_Sha1
Note 5 - Net Income (Loss) Per Share (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||
For the year ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Net income (loss): | |||||||||||||
From continuing operations | $ | (84,526 | ) | $ | 1,546 | $ | 817 | ||||||
From discontinued operation | – | (462 | ) | 136 | |||||||||
$ | (84,526 | ) | $ | 1,084 | $ | 953 | |||||||
Common share information: | |||||||||||||
Weighted-average common shares outstanding – basic | 20,107 | 18,407 | 10,810 | ||||||||||
Dilutive effect of employee stock options | – | 929 | 1,031 | ||||||||||
Weighted-average common shares outstanding – dilutive | 20,107 | 19,336 | 11,841 | ||||||||||
Basic net income (loss) per share: | |||||||||||||
Continuing operations | $ | (4.20 | ) | $ | 0.08 | $ | 0.08 | ||||||
Discontinued operations | – | (0.02 | ) | 0.01 | |||||||||
$ | (4.20 | ) | $ | 0.06 | $ | 0.09 | |||||||
Diluted net income (loss) per share: | |||||||||||||
Continuing operations | $ | (4.20 | ) | $ | 0.08 | $ | 0.07 | ||||||
Discontinued operations | – | (0.02 | ) | 0.01 | |||||||||
$ | (4.20 | ) | $ | 0.06 | $ | 0.08 |
Note_6_Goodwill_Tables
Note 6 - Goodwill (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure Text Block Supplement [Abstract] | ' | ||||||||||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||||||||||
North | Europe | Asia | Latin | Total | |||||||||||||||||
America | Africa | Pacific | America | ||||||||||||||||||
Balance at December 31, 2012 | $ | 22,828 | $ | 26,423 | $ | 5,205 | $ | 4,439 | $ | 58,895 | |||||||||||
Acquisition of SynTec, LLC | 2,416 | — | — | — | 2,416 | ||||||||||||||||
Impairment charge | (25,244 | ) | (26,423 | ) | — | — | (51,667 | ) | |||||||||||||
Balance at December 31, 2013 | $ | — | $ | — | $ | 5,205 | $ | 4,439 | $ | 9,644 |
Note_7_Acquisition_of_SynTec_L1
Note 7 - Acquisition of SynTec, LLC (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||||
Accounts receivable | $ | 2,079 | |||
Inventory | 1,449 | ||||
Other current assets | 26 | ||||
Property, plant and equipment | 1,335 | ||||
Identifiable intangible assets | 5,121 | ||||
Goodwill | 2,416 | ||||
Accounts payable and accrued liabilities | (2,769 | ) | |||
Net assets acquired | $ | 9,657 |
Note_8_Inventory_Tables
Note 8 - Inventory (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventory, Current [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
Raw materials | $ | 27,511 | $ | 30,358 | |||||
Finished goods | 46,782 | 32,054 | |||||||
Supplies | 4,844 | 4,425 | |||||||
Obsolescence and slow moving allowance | (3,802 | ) | (2,439 | ) | |||||
$ | 75,335 | $ | 64,398 |
Note_9_Property_Plant_and_Equi1
Note 9 - Property, Plant and Equipment (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||||||||
Useful | 2013 | 2012 | ||||||||||||
lives years | ||||||||||||||
(in thousands) | ||||||||||||||
Land | $ | 5,392 | $ | 4,832 | ||||||||||
Buildings and improvements | 7 | - | 30 | 30,912 | 29,515 | |||||||||
Machinery and equipment | 3 | - | 10 | 135,648 | 117,852 | |||||||||
Software | 3 | 8,766 | 8,400 | |||||||||||
Furniture and fixtures | 3 | - | 5 | 825 | 785 | |||||||||
181,543 | 161,384 | |||||||||||||
Less – accumulated depreciation and amortization | (105,289 | ) | (91,212 | ) | ||||||||||
$ | 76,254 | $ | 70,172 |
Note_10_Intangible_Assets_Net_
Note 10 - Intangible Assets, Net (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Disclosure Text Block [Abstract] | ' | |||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | ' | |||||||||||||
Useful | 2013 | 2012 | ||||||||||||
lives years | ||||||||||||||
(in thousands) | ||||||||||||||
Customer lists | 5 | - | 10 | $ | 29,746 | $ | 25,449 | |||||||
Trademarks | 5 | 1,082 | — | |||||||||||
Non-compete agreements | 5 | - | 10 | 2,556 | 2,469 | |||||||||
Other | 1 | 363 | 363 | |||||||||||
33,747 | 28,281 | |||||||||||||
Less accumulated amortization | (28,951 | ) | (26,732 | ) | ||||||||||
Intangible assets, net | $ | 4,796 | $ | 1,549 | ||||||||||
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | ' | |||||||||||||
Year Ending December 31, | Amount | |||||||||||||
(in thousands) | ||||||||||||||
2014 | $ | 1,172 | ||||||||||||
2015 | 640 | |||||||||||||
2016 | 583 | |||||||||||||
2017 | 534 | |||||||||||||
2018 | 298 |
Note_11_Accrued_Liabilities_an1
Note 11 - Accrued Liabilities and Other (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Other Liabilities and Financial Instruments Subject to Mandatory Redemption [Abstract] | ' | ||||||||
Schedule of Accrued Liabilities [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
Customer prepayments | $ | 2,972 | $ | 759 | |||||
Accrued operating expenses | 3,780 | 5,951 | |||||||
Self-insurance reserves | 1,575 | 1,758 | |||||||
Compensation and benefits | 3,196 | 6,786 | |||||||
Accrued interest | 650 | 2,522 | |||||||
Taxes, other than income | 2,818 | 2,023 | |||||||
Other accrued liabilities | 481 | 399 | |||||||
$ | 15,472 | $ | 20,198 |
Note_12_LongTerm_Debt_Tables
Note 12 - Long-Term Debt (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Disclosure Text Block [Abstract] | ' | ||||||||
Schedule of Long-term Debt Instruments [Table Text Block] | ' | ||||||||
2013 | 2012 | ||||||||
(in thousands) | |||||||||
First Lien Credit Facility | $ | 170,674 | $ | 168,177 | |||||
Term Loan – China bank | 10,193 | – | |||||||
Capital Lease – CapitalSource Bank | 1,987 | 3,156 | |||||||
Other Capital Leases | 147 | 230 | |||||||
Term Loan – German bank | 87 | 407 | |||||||
183,088 | 171,970 | ||||||||
Less – current maturities | (182,300 | ) | (3,147 | ) | |||||
Unamortized discounts on first lien and second lien loans | – | (1,541 | ) | ||||||
$ | 788 | $ | 167,282 | ||||||
Schedule of Maturities of Long-term Debt [Table Text Block] | ' | ||||||||
Year Ending December 31, | Amount | ||||||||
(in thousands) | |||||||||
2014 | $ | 182,300 | |||||||
2015 | 782 | ||||||||
2016 | 6 | ||||||||
$ | 183,088 |
Note_14_StockBased_Compensatio1
Note 14 - Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
Risk Free Interest Rate | 0.61 | % | 0.54 | % | 1 | % | |||||||||||||||
Expected Life (years) | 4 | 4 | 3 | ||||||||||||||||||
Expected Volatility | 45.1 | % | 45.9 | % | 22.25 | % | |||||||||||||||
Expected Dividend Yield | 0 | % | 0 | % | 0 | % | |||||||||||||||
Weighted-average estimated fair value per option | $ | 2.36 | $ | 3.57 | $ | 0.65 | |||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | ||||||||||||||||||||
Shares | Range of | Weighted | |||||||||||||||||||
Exercise Price | Average | ||||||||||||||||||||
Exercise | |||||||||||||||||||||
Price | |||||||||||||||||||||
Outstanding and exercisable at December 31, 2010 | 1,662,618 | $ | 0.67 | $ | 6.35 | $ | 2.42 | ||||||||||||||
Forfeited options | (39,288 | ) | $ | 5.9 | $ | 6.35 | $ | 6.19 | |||||||||||||
Forfeited options reissued | 108,630 | $ | 5.11 | $ | 5.11 | ||||||||||||||||
Outstanding and exercisable at December 31, 2011 | 1,731,960 | $ | 0.67 | $ | 6.35 | $ | 2.5 | ||||||||||||||
Options granted | 200,650 | $ | 11.57 | $ | 11.57 | ||||||||||||||||
Options exercised | (438,612 | ) | $ | 0.67 | $ | 6.35 | $ | 2.32 | |||||||||||||
Forfeited or expired options | (13,709 | ) | $ | 6.15 | $ | 11.57 | $ | 8.13 | |||||||||||||
Outstanding and exercisable at December 31, 2012 | 1,480,289 | $ | 0.67 | $ | 11.57 | $ | 3.73 | ||||||||||||||
Options granted | 290,840 | $ | 5.64 | $ | 6.97 | $ | 6.84 | ||||||||||||||
Options exercised | (494,645 | ) | $ | 0.67 | $ | 0.89 | $ | 0.68 | |||||||||||||
Forfeited or expired options | (273,546 | ) | $ | 5.9 | $ | 11.57 | $ | 8.33 | |||||||||||||
Outstanding and exercisable at December 31, 2013 | 1,002,938 | $ | 0.67 | $ | 11.57 | $ | 4.89 |
Note_15_Income_Taxes_Tables
Note 15 - Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Domestic | $ | (70,559 | ) | $ | (4,720 | ) | $ | (5,488 | ) | ||||
Foreign | (8,027 | ) | 6,622 | 9,795 | |||||||||
Total | $ | (78,586 | ) | $ | 1,902 | $ | 4,307 | ||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Current expense: | |||||||||||||
U.S. | |||||||||||||
Federal | $ | − | $ | − | $ | − | |||||||
State | 150 | 100 | 65 | ||||||||||
Total U.S. | 150 | 100 | 65 | ||||||||||
Foreign | 197 | 3,412 | 2,861 | ||||||||||
Total current | 347 | 3,512 | 2,926 | ||||||||||
Deferred expense (benefit): | |||||||||||||
U.S. | |||||||||||||
Federal | 7,283 | (3,221 | ) | − | |||||||||
State | − | − | − | ||||||||||
Total U.S. | 7,283 | (3,221 | ) | − | |||||||||
Foreign | (1,690 | ) | 65 | 564 | |||||||||
Total deferred | 5,593 | (3,156 | ) | 564 | |||||||||
Total provision for income taxes | $ | 5,940 | $ | 356 | $ | 3,490 | |||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | ||||||||||||
Year Ended December 31, | |||||||||||||
2013 | 2012 | 2011 | |||||||||||
Tax (benefit) provision at statutory rate | $ | (27,505 | ) | $ | 666 | $ | 1,507 | ||||||
Add (deduct): | |||||||||||||
Meals and entertainment | 45 | 88 | 36 | ||||||||||
Dividends | − | − | 670 | ||||||||||
Goodwill impairment | 17,238 | − | − | ||||||||||
Change in valuation allowance | 12,280 | (72 | ) | 1,779 | |||||||||
Expired foreign tax credits | 2,639 | − | − | ||||||||||
Taxable differential for foreign subsidiaries | 536 | (392 | ) | (492 | ) | ||||||||
State income tax, net of federal benefit | 75 | 65 | 42 | ||||||||||
Other, net | 632 | 1 | (52 | ) | |||||||||
$ | 5,940 | $ | 356 | $ | 3,490 | ||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | ||||||||||||
December 31, | |||||||||||||
2013 | 2012 | ||||||||||||
Deferred tax assets: | (in thousands) | ||||||||||||
Accrued expenses | $ | 5,767 | $ | 6,110 | |||||||||
Foreign tax credit | 15,664 | 17,546 | |||||||||||
Net operating loss carryforward | 11,988 | 5,679 | |||||||||||
AMT carryforward | 556 | 591 | |||||||||||
Valuation allowance | (31,390 | ) | (19,110 | ) | |||||||||
2,585 | 10,816 | ||||||||||||
Deferred tax liabilities: | |||||||||||||
Excess book basis over tax basis for property, plant and equipment and intangible assets | (1,766 | ) | (4,212 | ) | |||||||||
Other | (926 | ) | (1,868 | ) | |||||||||
(2,692 | ) | (6,080 | ) | ||||||||||
Net deferred tax (liability) asset | $ | (107 | ) | $ | 4,736 |
Note_18_Commitments_and_Contin1
Note 18 - Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Product Warranty Liability [Table Text Block] | ' | ||||
Balance at December 31, 2010 | $ | 2,802 | |||
Provision / changes in estimates | 110 | ||||
Payments | (687 | ) | |||
Balance at December 31, 2011 | 2,225 | ||||
Provision / changes in estimates | (947 | ) | |||
Payments | (103 | ) | |||
Balance at December 31, 2012 | 1,175 | ||||
Provision / changes in estimates | (375 | ) | |||
Payments | − | ||||
Balance at December 31, 2013 | $ | 800 | |||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | ||||
Year ending December 31, | |||||
2014 | $ | 638 | |||
2015 | 329 | ||||
2016 | 240 | ||||
2017 | 216 | ||||
2018 | 216 | ||||
Thereafter | 1,377 | ||||
$ | 3,016 |
Note_20_Segment_Information_Ta
Note 20 - Segment Information (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31, 2013 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 174,888 | $ | 115,657 | $ | 78,007 | $ | 37,040 | $ | 12,060 | $ | 417,652 | |||||||||||||
Intersegment sales | 29,811 | 161 | 9,901 | – | 5,898 | 45,771 | |||||||||||||||||||
Total segment net sales | 204,699 | 115,818 | 87,908 | 37,040 | 17,958 | 463,423 | |||||||||||||||||||
Gross profit | 29,038 | 6,168 | 8,790 | 3,511 | 1,433 | 48,940 | |||||||||||||||||||
Gross margin | 16.6 | % | 5.3 | % | 11.3 | % | 9.5 | % | 11.9 | % | 11.7 | % | |||||||||||||
Segment assets | $ | 136,030 | $ | 60,182 | $ | 79,145 | $ | 24,734 | $ | 19,748 | $ | 319,839 | |||||||||||||
Year ended December 31, 2012 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 185,893 | $ | 139,329 | $ | 97,233 | $ | 46,112 | $ | 8,077 | $ | 476,644 | |||||||||||||
Intersegment sales | 42,051 | 35 | 12,554 | – | 4,590 | 59,230 | |||||||||||||||||||
Total segment net sales | 227,944 | 139,364 | 109,787 | 46,112 | 12,667 | 535,874 | |||||||||||||||||||
Gross profit | 46,854 | 10,894 | 16,771 | 4,799 | 692 | 80,010 | |||||||||||||||||||
Gross margin | 25.2 | % | 7.8 | % | 17.2 | % | 10.4 | % | 8.6 | % | 16.8 | % | |||||||||||||
Segment assets | $ | 229,272 | $ | 62,154 | $ | 66,283 | $ | 38,774 | $ | 16,705 | $ | 413,188 | |||||||||||||
Year ended December 31, 2011 | |||||||||||||||||||||||||
N. America | Europe Africa | Asia Pacific | Latin America | Middle East | Total | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Net sales to external customers | $ | 205,015 | $ | 131,258 | $ | 74,287 | $ | 44,402 | $ | 9,489 | $ | 464,451 | |||||||||||||
Intersegment sales | 19,704 | 471 | 16,052 | 325 | 1,333 | 37,885 | |||||||||||||||||||
Total segment net sales | 224,719 | 131,729 | 90,339 | 44,727 | 10,822 | 502,336 | |||||||||||||||||||
Gross profit | 45,971 | 10,139 | 10,261 | 4,647 | 628 | 71,646 | |||||||||||||||||||
Gross margin | 22.4 | % | 7.7 | % | 13.8 | % | 10.5 | % | 6.6 | % | 15.4 | % | |||||||||||||
Segment assets | $ | 193,937 | $ | 58,334 | $ | 41,659 | $ | 30,280 | $ | 11,017 | $ | 335,227 | |||||||||||||
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | ' | ||||||||||||||||||||||||
Reconciliation to Consolidated Sales | |||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Total segment net sales | $ | 463,423 | $ | 535,874 | $ | 502,336 | |||||||||||||||||||
Intersegment sales | (45,771 | ) | (59,230 | ) | (37,885 | ) | |||||||||||||||||||
Consolidated net sales | $ | 417,652 | $ | 476,644 | $ | 464,451 | |||||||||||||||||||
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | ' | ||||||||||||||||||||||||
Reconciliation to Consolidated Assets | |||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Total segment assets | $ | 319,839 | $ | 413,188 | |||||||||||||||||||||
Intersegment balances | (53,687 | ) | (77,090 | ) | |||||||||||||||||||||
Consolidated assets | $ | 266,152 | $ | 336,098 | |||||||||||||||||||||
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block] | ' | ||||||||||||||||||||||||
December 31, | |||||||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
United States | $ | 27,392 | $ | 36,315 | |||||||||||||||||||||
Germany | 6,851 | 8,349 | |||||||||||||||||||||||
United Kingdom | 202 | 204 | |||||||||||||||||||||||
Thailand | 14,276 | 12,722 | |||||||||||||||||||||||
China | 16,520 | 1,564 | |||||||||||||||||||||||
Chile | 2,528 | 3,084 | |||||||||||||||||||||||
Egypt | 8,485 | 7,934 | |||||||||||||||||||||||
Total | $ | 76,254 | $ | 70,172 | |||||||||||||||||||||
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
United States | $ | 142,211 | $ | 152,893 | $ | 164,409 | |||||||||||||||||||
Non-United States | 32,677 | 33,000 | 40,606 | ||||||||||||||||||||||
North America | 174,888 | 185,893 | 205,015 | ||||||||||||||||||||||
Europe Africa | 115,657 | 139,329 | 131,258 | ||||||||||||||||||||||
Asia Pacific | 78,007 | 97,233 | 74,287 | ||||||||||||||||||||||
Latin America | 37,040 | 46,112 | 44,402 | ||||||||||||||||||||||
Middle East | 12,060 | 8,077 | 9,489 | ||||||||||||||||||||||
Total sales | $ | 417,652 | $ | 476,644 | $ | 464,451 | |||||||||||||||||||
Revenue from External Customers by Products and Services [Table Text Block] | ' | ||||||||||||||||||||||||
Year ended December 31, | |||||||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||||
Geomembranes | $ | 311,210 | $ | 362,384 | $ | 352,224 | |||||||||||||||||||
Drainage | 42,054 | 49,818 | 44,247 | ||||||||||||||||||||||
Geosynthetic clay liners | 32,069 | 29,678 | 33,541 | ||||||||||||||||||||||
Nonwoven geotextiles | 7,925 | 12,443 | 16,067 | ||||||||||||||||||||||
Specialty products | 12,757 | 4,684 | 8,513 | ||||||||||||||||||||||
Other | 11,637 | 17,637 | 9,859 | ||||||||||||||||||||||
Total sales | $ | 417,652 | $ | 476,644 | $ | 464,451 |
Note_22_Quarterly_Financial_Da1
Note 22 - Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | ' | ||||||||||||||||
Schedule of Quarterly Financial Information [Table Text Block] | ' | ||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2013 | 2013 | 2013 | 2013 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net sales | $ | 95,134 | $ | 108,201 | $ | 117,976 | $ | 96,341 | |||||||||
Cost of products | 81,877 | 94,992 | 104,281 | 87,562 | |||||||||||||
Gross profit | 13,257 | 13,209 | 13,695 | 8,779 | |||||||||||||
Operating loss | (1,141 | ) | (27,031 | ) | (24,497 | ) | (6,382 | ) | |||||||||
Net loss | (2,447 | ) | (33,893 | ) | (35,822 | ) | (12,364 | ) | |||||||||
Basic EPS (1) | (0.12 | ) | (1.69 | ) | (1.77 | ) | (0.61 | ) | |||||||||
Diluted EPS (1) | (0.12 | ) | (1.69 | ) | (1.77 | ) | (0.61 | ) | |||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2012 | 2012 | 2012 | 2012 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net sales | $ | 94,916 | $ | 139,168 | $ | 121,200 | $ | 121,360 | |||||||||
Cost of products | 80,528 | 114,958 | 100,150 | 100,998 | |||||||||||||
Gross profit | 14,388 | 24,210 | 21,050 | 20,362 | |||||||||||||
Operating income (loss) | (6,492 | ) | 12,099 | 8,810 | 5,430 | ||||||||||||
Net income (loss) | (12,766 | ) | 3,796 | 5,240 | 4,814 | ||||||||||||
Basic EPS (1) | (0.82 | ) | 0.2 | 0.27 | 0.24 | ||||||||||||
Diluted EPS (1) | (0.82 | ) | 0.19 | 0.26 | 0.24 |
Note_1_Nature_of_Business_Deta
Note 1 - Nature of Business (Details) (USD $) | 0 Months Ended | 3 Months Ended | 12 Months Ended | |
Feb. 10, 2012 | Mar. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 1 - Nature of Business (Details) [Line Items] | ' | ' | ' | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | 7,000,000 | ' | ' | ' |
IPO Additional Shares, Period | '30 days | ' | ' | ' |
IPO Additional Shares Available (in Shares) | 1,050,000 | ' | ' | ' |
IPO Price Per Share (in Dollars per share) | $9 | ' | ' | ' |
Proceeds from Issuance Initial Public Offering | $67,400,000 | ' | $65,927,000 | ' |
Payments of Stock Issuance Costs | 3,800,000 | ' | ' | 2,311,000 |
Deferred IPO Costs | ' | ' | ' | 2,300,000 |
Extinguishment of Debt, Amount | ' | 51,500,000 | ' | ' |
Salaries, Wages and Officers' Compensation | ' | 6,600,000 | ' | ' |
IPO Management Agreement Termination Fee | ' | 3,000,000 | 3,000,000 | ' |
Paid In Cash [Member] | ' | ' | ' | ' |
Note 1 - Nature of Business (Details) [Line Items] | ' | ' | ' | ' |
Salaries, Wages and Officers' Compensation | ' | 2,300,000 | ' | ' |
Paid In Fully Vested Common Stock [Member] | ' | ' | ' | ' |
Note 1 - Nature of Business (Details) [Line Items] | ' | ' | ' | ' |
Salaries, Wages and Officers' Compensation | ' | $4,300,000 | ' | ' |
Note_2_Recent_Developments_Det
Note 2 - Recent Developments (Details) (Subsequent Event [Member], Priming Facility [Member], USD $) | Jan. 10, 2014 |
In Millions, unless otherwise specified | |
Subsequent Event [Member] | Priming Facility [Member] | ' |
Note 2 - Recent Developments (Details) [Line Items] | ' |
Line of Credit Facility, Maximum Borrowing Capacity | $15 |
Note_3_Summary_of_Significant_2
Note 3 - Summary of Significant Accounting Policies (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized Computer Software, Additions | ' | ' | ' | ' | ' | ' | ' | ' | $400,000 | $400,000 | $5,400,000 |
Capitalized Computer Software, Amortization | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,400,000 | 1,400,000 |
Sales Revenue, Goods, Net | 96,341,000 | 117,976,000 | 108,201,000 | 95,134,000 | 121,360,000 | 121,200,000 | 139,168,000 | 94,916,000 | 417,652,000 | 476,644,000 | 464,451,000 |
Computer Software, Intangible Asset [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | ' | ' | ' | ' | ' | ' | ' | '3 | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' |
Contracts Accounted for under Percentage of Completion [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales Revenue, Goods, Net | ' | ' | ' | ' | ' | ' | ' | ' | $7,100,000 | $10,100,000 | $9,900,000 |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | ' | ' | ' | ' | ' | ' | ' | 'three | ' | ' |
Product Warranty, Extended Term | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note 3 - Summary of Significant Accounting Policies (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, Plant and Equipment, Estimated Useful Lives | ' | ' | ' | ' | ' | ' | ' | ' | '30 | ' | ' |
Product Warranty, Extended Term | ' | ' | ' | ' | ' | ' | ' | ' | '20 years | ' | ' |
Note_3_Summary_of_Significant_3
Note 3 - Summary of Significant Accounting Policies (Details) - Changes in Accounts Receivable Allowances (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Changes in Accounts Receivable Allowances [Abstract] | ' | ' | ' | ' |
Balance at the beginning of the year | $869 | $1,736 | $1,932 | $4,074 |
Charged to expense | 3,237 | 1,155 | 362 | ' |
Write-offs | -32 | -2,022 | -558 | ' |
Balance at the end of the year | $4,074 | $869 | $1,736 | ' |
Note_5_Net_Income_Loss_Per_Sha2
Note 5 - Net Income (Loss) Per Share (Details) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 |
Employee Stock Option [Member] | Employee Stock Option [Member] | Exercise Price Lower Than Average Share Price [Member] | ||
Note 5 - Net Income (Loss) Per Share (Details) [Line Items] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 1,002,938 | ' | ' | 311,957 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | 200,650 | 0 | ' |
Note_5_Net_Income_Loss_Per_Sha3
Note 5 - Net Income (Loss) Per Share (Details) - Basic and Diluted Net Income (Loss) Per Share (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Net income (loss): | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
From continuing operations (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ($84,526) | $1,546 | $817 | ||||||||
From discontinued operation (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | -462 | 136 | ||||||||
(in Dollars) | ($12,364) | ($35,822) | ($33,893) | ($2,447) | $4,814 | $5,240 | $3,796 | ($12,766) | ($84,526) | $1,084 | $953 | ||||||||
Common share information: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Weighted-average common shares outstanding – basic (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 20,107 | 18,407 | 10,810 | ||||||||
Dilutive effect of employee stock options (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | 929 | 1,031 | ||||||||
Weighted-average common shares outstanding – dilutive (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | 20,107 | 19,336 | 11,841 | ||||||||
Basic net income (loss) per share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ($4.20) | $0.08 | $0.08 | ||||||||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.02) | $0.01 | ||||||||
($0.61) | [1] | ($1.77) | [1] | ($1.69) | [1] | ($0.12) | [1] | $0.24 | [1] | $0.27 | [1] | $0.20 | [1] | ($0.82) | [1] | ($4.20) | $0.06 | $0.09 | |
Diluted net income (loss) per share: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ($4.20) | $0.08 | $0.07 | ||||||||
Discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($0.02) | $0.01 | ||||||||
($0.61) | [1] | ($1.77) | [1] | ($1.69) | [1] | ($0.12) | [1] | $0.24 | [1] | $0.26 | [1] | $0.19 | [1] | ($0.82) | [1] | ($4.20) | $0.06 | $0.08 | |
[1] | The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year based on the respective weighted average common shares outstanding. |
Note_6_Goodwill_Details
Note 6 - Goodwill (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Income Approach Valuation Technique [Member] | Market Approach Valuation Technique [Member] | Europe Africa [Member] | Europe Africa [Member] | North America [Member] | North America [Member] | Asia Pacific [Member] | Latin America [Member] | ||
Note 6 - Goodwill (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill, Impairment Loss | $51,667,000 | ' | ' | $26,500,000 | $26,423,000 | $25,200,000 | $25,244,000 | $0 | $0 |
Fair Value Weighting | ' | 65.00% | 35.00% | ' | ' | ' | ' | ' | ' |
Note_6_Goodwill_Details_Change
Note 6 - Goodwill (Details) - Changes in Goodwill (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
North America [Member] | North America [Member] | Europe Africa [Member] | Europe Africa [Member] | Asia Pacific [Member] | Latin America [Member] | ||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Balance | $58,895,000 | ' | $22,828,000 | ' | $26,423,000 | $5,205,000 | $4,439,000 |
Acquisition of SynTec, LLC | 2,416,000 | ' | 2,416,000 | ' | ' | ' | ' |
Impairment charge | -51,667,000 | -25,200,000 | -25,244,000 | -26,500,000 | -26,423,000 | 0 | 0 |
Balance | $9,644,000 | ' | ' | ' | ' | $5,205,000 | $4,439,000 |
Note_7_Acquisition_of_SynTec_L2
Note 7 - Acquisition of SynTec, LLC (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Feb. 04, 2013 | Dec. 31, 2013 | Sep. 30, 2013 |
SynTec, LLC [Member] | SynTec, LLC [Member] | SynTec, LLC [Member] | |||
Note 7 - Acquisition of SynTec, LLC (Details) [Line Items] | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred | ' | ' | $9,700,000 | ' | ' |
Business Combination, Acquisition Related Costs | ' | ' | 700,000 | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | ' | ' | ' | 5,121,000 | 5,100,000 |
Goodwill | 9,644,000 | 58,895,000 | ' | 2,416,000 | 2,400,000 |
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual | ' | ' | ' | $12,500,000 | ' |
Note_7_Acquisition_of_SynTec_L3
Note 7 - Acquisition of SynTec, LLC (Details) - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | SynTec, LLC [Member] | SynTec, LLC [Member] | ||
Note 7 - Acquisition of SynTec, LLC (Details) - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed [Line Items] | ' | ' | ' | ' |
Accounts receivable | ' | ' | $2,079 | ' |
Inventory | ' | ' | 1,449 | ' |
Other current assets | ' | ' | 26 | ' |
Property, plant and equipment | ' | ' | 1,335 | ' |
Identifiable intangible assets | ' | ' | 5,121 | 5,100 |
Goodwill | 9,644 | 58,895 | 2,416 | 2,400 |
Accounts payable and accrued liabilities | ' | ' | -2,769 | ' |
Net assets acquired | ' | ' | $9,657 | ' |
Note_8_Inventory_Details_Inven
Note 8 - Inventory (Details) - Inventory (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Inventory [Abstract] | ' | ' |
Raw materials | $27,511 | $30,358 |
Finished goods | 46,782 | 32,054 |
Supplies | 4,844 | 4,425 |
Obsolescence and slow moving allowance | -3,802 | -2,439 |
$75,335 | $64,398 |
Note_9_Property_Plant_and_Equi2
Note 9 - Property, Plant and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 9 - Property, Plant and Equipment (Details) [Line Items] | ' | ' | ' |
Depreciation, Depletion and Amortization | $14,381,000 | $13,114,000 | $11,419,000 |
Cost Of Products [Member] | ' | ' | ' |
Note 9 - Property, Plant and Equipment (Details) [Line Items] | ' | ' | ' |
Depreciation, Depletion and Amortization | 11,800,000 | 10,100,000 | 9,500,000 |
Selling, General and Administrative Expenses [Member] | ' | ' | ' |
Note 9 - Property, Plant and Equipment (Details) [Line Items] | ' | ' | ' |
Depreciation, Depletion and Amortization | 2,600,000 | 3,000,000 | 1,900,000 |
Property, Plant and Equipment [Member] | ' | ' | ' |
Note 9 - Property, Plant and Equipment (Details) [Line Items] | ' | ' | ' |
Interest Costs Capitalized | $700,000 | $800,000 | ' |
Note_9_Property_Plant_and_Equi3
Note 9 - Property, Plant and Equipment (Details) - Property, Plant, and Equipment (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Property, Plant and Equipment [Line Items] | ' | ' |
Balance, gross | $181,543 | $161,384 |
Less – accumulated depreciation and amortization | -105,289 | -91,212 |
76,254 | 70,172 | |
Land [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Balance, gross | 5,392 | 4,832 |
Building and Building Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Balance, gross | 30,912 | 29,515 |
Building and Building Improvements [Member] | Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '7 | ' |
Building and Building Improvements [Member] | Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '30 | ' |
Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Balance, gross | 135,648 | 117,852 |
Machinery and Equipment [Member] | Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '3 | ' |
Machinery and Equipment [Member] | Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '10 | ' |
Computer Software, Intangible Asset [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '3 | ' |
Balance, gross | 8,766 | 8,400 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Balance, gross | $825 | $785 |
Furniture and Fixtures [Member] | Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '3 | ' |
Furniture and Fixtures [Member] | Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '5 | ' |
Minimum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | 'three | ' |
Maximum [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Estimated useful lives years | '30 | ' |
Note_10_Intangible_Assets_Net_1
Note 10 - Intangible Assets, Net (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Disclosure Text Block [Abstract] | ' | ' | ' |
Amortization of Intangible Assets | $1,884 | $1,182 | $1,379 |
Note_10_Intangible_Assets_Net_2
Note 10 - Intangible Assets, Net (Details) - Intangible assets (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Amortization Expense | $33,747 | $28,281 |
Less accumulated amortization | -28,951 | -26,732 |
Intangible assets, net | 4,796 | 1,549 |
Customer Lists [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Amortization Expense | 29,746 | 25,449 |
Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '5 | ' |
Amortization Expense | 1,082 | ' |
Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Amortization Expense | 2,556 | 2,469 |
Other Intangible Assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '1 | ' |
Amortization Expense | $363 | $363 |
Minimum [Member] | Customer Lists [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '5 | ' |
Minimum [Member] | Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '5 | ' |
Maximum [Member] | Customer Lists [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '10 | ' |
Maximum [Member] | Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Useful Lives Years | '10 | ' |
Note_10_Intangible_Assets_Net_3
Note 10 - Intangible Assets, Net (Details) - Estimated Amortization Expense for Each of the Next Five Years (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Estimated Amortization Expense for Each of the Next Five Years [Abstract] | ' |
2014 | $1,172 |
2015 | 640 |
2016 | 583 |
2017 | 534 |
2018 | $298 |
Note_11_Accrued_Liabilities_an2
Note 11 - Accrued Liabilities and Other (Details) - Accrued Liabilities and Other (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities and Other [Abstract] | ' | ' |
Customer prepayments | $2,972 | $759 |
Accrued operating expenses | 3,780 | 5,951 |
Self-insurance reserves | 1,575 | 1,758 |
Compensation and benefits | 3,196 | 6,786 |
Accrued interest | 650 | 2,522 |
Taxes, other than income | 2,818 | 2,023 |
Other accrued liabilities | 481 | 399 |
$15,472 | $20,198 |
Note_12_LongTerm_Debt_Details
Note 12 - Long-Term Debt (Details) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 12 Months Ended | 24 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 5 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Mar. 28, 2014 | Mar. 28, 2014 | Jan. 10, 2014 | Jan. 10, 2014 | Jan. 10, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 27-May-11 | Apr. 18, 2012 | Apr. 18, 2012 | 27-May-11 | Apr. 18, 2012 | Oct. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Jul. 31, 2013 | Jun. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | 27-May-11 | 27-May-11 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | 14-May-13 | Aug. 17, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 14-May-13 | Jan. 23, 2013 | Jan. 23, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | 14-May-13 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Aug. 17, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Jul. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | 27-May-11 | Aug. 08, 2013 | Oct. 31, 2013 | 14-May-13 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | |
USD ($) | USD ($) | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | U.S. Dollar Denominated Loan [Member] | U.S. Dollar Denominated Loan [Member] | U.S. Dollar Denominated Loan [Member] | CNY Denominated Loan [Member] | CNY Denominated Loan [Member] | CNY Denominated Loan [Member] | CNY Denominated Loan [Member] | Term Loan Commitments [Member] | Term Loan Commitments [Member] | Term Loan Commitments [Member] | Revolving Loan Commitments [Member] | Aggregate Capacity [Member] | Subsequent Quarterly Increase [Member] | Subsequent Quarterly Increase [Member] | Line Of Credit Facility One [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Sixth Amendment [Member] | Second Line Of Credit Facility [Member] | Second Lien Term Loan [Member] | Second Lien Term Loan [Member] | Refinance [Member] | Refinance [Member] | Other Capital Leases [Member] | Other Capitalized Leases [Member] | Other Capitalized Leases [Member] | Property, Plant And Equipment Term Loan [Member] | CapitalSource Bank[Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | German Bank [Member] | German Bank [Member] | German Bank [Member] | German Bank [Member] | German Bank [Member] | German Bank [Member] | Egyptian Banks [Member] | Egyptian Banks [Member] | Egyptian Banks [Member] | Egyptian Banks [Member] | Thai Military Bank Public Company Limited [Member] | Thai Military Bank Public Company Limited [Member] | Thai Military Bank Public Company Limited [Member] | Thai Military Bank Public Company Limited [Member] | Thai Military Bank Public Company Limited [Member] | Thai Military Bank Public Company Limited [Member] | CapitalSource Bank[Member] | CapitalSource Bank[Member] | CapitalSource Bank[Member] | CapitalSource Bank[Member] | Term Loan Commitments [Member] | Revolving Loan Commitments [Member] | Letters of Credit [Member] | Other Capital Leases [Member] | Total Capital Leases [Member] | International Letters of Credit [Member] | International Letters of Credit [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Revolving Facility [Member] | Supplemental First Lien Revolving Credit Agreement [Member] | International Trade Financing Credit Facility [Member] | Minimum [Member] | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Maximum [Member] | ||
Supplemental Priming Facility [Member] | Supplemental Priming Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Base Rate [Member] | Supplemental Priming Facility [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | China Construction Bank [Member] | First Lien Credit Facility [Member] | Minimum [Member] | Maximum [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | Expected Unsecured Mezzanine Debt [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Revolving Facility [Member] | Minimum [Member] | Maximum [Member] | First Lien Credit Facility [Member] | Senior Secured Credit Facility [Member] | Senior Secured Credit Facility [Member] | Senior Notes and Revolving Credit Facility [Member] | Old Revolving Credit Facility [Member] | USD ($) | Minimum [Member] | Maximum [Member] | China Construction Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | London Interbank Offered Rate (LIBOR) [Member] | Working Capital Credit Facility [Member] | Working Capital Credit Facility [Member] | Working Capital Credit Facility [Member] | Temporary Credit Facility [Member] | Temporary Credit Facility [Member] | Temporary Credit Facility [Member] | Temporary Credit Facility [Member] | Temporary Credit Facility [Member] | USD ($) | CNY | CNY | Bank Guarantees And Letters of Credit [Member] | Bank Guarantees And Letters of Credit [Member] | Secured Term Loan [Member] | Secured Term Loan [Member] | USD ($) | EUR (€) | Bank Guarantees And Letters of Credit [Member] | Bank Guarantees And Letters of Credit [Member] | USD ($) | EGP | London Interbank Offered Rate (LIBOR) [Member] | Trade on Demand Financing Facility [Member] | Trade on Demand Financing Facility [Member] | USD ($) | THB | Maximum [Member] | Capital Lease Obligations [Member] | USD ($) | USD ($) | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | USD ($) | First Lien Credit Facility [Member] | International Trade Financing Credit Facility [Member] | International Trade Financing Credit Facility [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CNY | Other Capital Leases [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | Other Capital Leases [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | |||||||
Availability Blocks [Member] | USD ($) | Supplemental Priming Facility [Member] | Supplemental Priming Facility [Member] | USD ($) | Working Capital Credit Facility [Member] | Working Capital Credit Facility [Member] | USD ($) | Working Capital Credit Facility [Member] | Working Capital Credit Facility [Member] | USD ($) | CNY | USD ($) | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | USD ($) | USD ($) | USD ($) | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | First Lien Credit Facility [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CNY | Working Capital Credit Facility [Member] | USD ($) | CNY | CNY | USD ($) | CNY | USD ($) | CNY | USD ($) | EUR (€) | USD ($) | EUR (€) | USD ($) | EGP | Trade on Demand Financing Facility [Member] | USD ($) | THB | Trade on Demand Financing Facility [Member] | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | CNY | ||||||||||||||||||||||||||||||||||||||||||||||
USD ($) | USD ($) | CNY | USD ($) | CNY | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Note 12 - Long-Term Debt (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | $15,000,000 | ' | ' | $7,000,000 | ' | ' | $7,500,000 | 46,000,000 | $135,000,000 | $135,000,000 | $157,000,000 | $35,000,000 | $192,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $35,000,000 | $21,500,000 | ' | ' | $40,000,000 | $150,000,000 | ' | ' | ' | ' | 90,000,000 | ' | ' | ' | $9,800,000 | 60,000,000 | 60,000,000 | ' | ' | $300,000 | 2,100,000 | ' | $14,700,000 | 90,000,000 | 160,000,000 | ' | ' | ' | ' | $6,000,000 | € 8,300,000 | ' | ' | $2,200,000 | 15,000,000 | ' | $18,300,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $3,000,000 | ' | $6,000,000 | $1,600,000 | 10,000,000 | ' | ' | ' | ' | $170,000,000 | $8,000,000 | $900,000 | 10,000,000 | ' | ' | ' | ' | ' | ' |
Total Leverage Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | 4.75 | 6.25 | 6.5 | 5.17 | 11.44 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.25 | ' | ' | ' | 5.5 |
Interest Coverage Ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.15 | ' | 2.25 | ' |
Debt Instrument, Interest Rate, Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase In Loan Margin | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Amount Outstanding | ' | ' | ' | ' | 10,800,000 | ' | ' | ' | 1,100,000 | 6,700,000 | 4,000,000 | 300,000 | 1,700,000 | 6,200,000 | 38,100,000 | ' | ' | ' | ' | ' | ' | ' | 171,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,700,000 | ' | ' | ' | 27,000,000 | ' | ' | ' | ' | ' | ' | ' | 1,400,000 | 8,400,000 | ' | ' | ' | ' | ' | ' | 10,200,000 | ' | ' | 2,400,000 | 1,700,000 | 100,000 | 100,000 | 1,500,000 | 1,100,000 | ' | ' | 700,000 | 4,800,000 | ' | ' | ' | 14,800,000 | 487,100,000 | ' | ' | ' | ' | ' | 153,000,000 | 18,800,000 | ' | ' | ' | 0 | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate at Period End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.64% | 9.64% | ' | ' | ' | ' | ' | 5.42% | ' | ' | ' | ' | ' |
Loan Margin | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Unamortized Discount | 1,541,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,100,000 | 1,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Term Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 151,900,000 | 151,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Revolving Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,800,000 | 18,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Basis Spread on Variable Rate | ' | ' | ' | ' | ' | 8.00% | 7.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350.00% | 380.00% | 5.00% | 5.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Remaining Borrowing Capacity | ' | ' | ' | 1,500,000 | 2,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,400,000 | 3,200,000 | ' | ' | 1,100,000 | 7,100,000 | ' | ' | ' | 3,500,000 | 112,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line Of Credit Facility Term Length | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '180 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Extinguishment of Debt | -1,555,000 | -2,016,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,600,000 | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Lease Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | '4 years | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Leased Assets, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Lease Obligations, Noncurrent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Effective Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.09% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Capital Leases | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Interest Rate During Period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.72% | ' | ' |
Capital Lease Obligations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Unsecured Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | '1 year | ' | ' | ' | ' | ' | ' | '7 years | '7 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt, Weighted Average Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.26% | 4.26% | ' | ' | ' | ' | ' | ' | 5.58% | 5.58% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Credit Facilities | ' | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Credit Facilities, Bank Guarantees Outstanding (in Pounds) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of Credit Outstanding, Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $300,000 | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Note_12_LongTerm_Debt_Details_
Note 12 - Long-Term Debt (Details) - Long-Term Debt (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Long-term debt | $183,088 | $171,970 |
Less – current maturities | -182,300 | -3,147 |
Unamortized discounts on first lien and second lien loans | ' | -1,541 |
788 | 167,282 | |
First Lien Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 170,674 | 168,177 |
Term Loan China Bank [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 10,193 | ' |
Capital Lease - CapitalSource Bank [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 1,987 | 3,156 |
Other Capital Leases [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | 147 | 230 |
Term Loan - German Bank [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term debt | $87 | $407 |
Note_12_LongTerm_Debt_Details_1
Note 12 - Long-Term Debt (Details) - Maturities of Long-Term Debt (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Maturities of Long-Term Debt [Abstract] | ' |
2014 | $182,300 |
2015 | 782 |
2016 | 6 |
$183,088 |
Note_13_Fair_Value_of_Financia1
Note 13 - Fair Value of Financial Instruments (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2013 |
Note 13 - Fair Value of Financial Instruments (Details) [Line Items] | ' |
Lines of Credit, Fair Value Disclosure | $168.80 |
Long-term Debt, Fair Value | 12.4 |
Europe Africa [Member] | ' |
Note 13 - Fair Value of Financial Instruments (Details) [Line Items] | ' |
Asset Impairment Charges | 26.5 |
North America [Member] | ' |
Note 13 - Fair Value of Financial Instruments (Details) [Line Items] | ' |
Asset Impairment Charges | $25.20 |
Note_14_StockBased_Compensatio2
Note 14 - Stock-Based Compensation (Details) (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | 2,276,703 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | 1,002,938 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares) | 478,108 | ' | ' |
Allocated Share-based Compensation Expense | $1.20 | $4.70 | $0.10 |
Restricted Stock Award, Forfeitures | 0.1 | ' | ' |
Stock Options Term | '10 years | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | '2 years 255 days | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | 2 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | 2.7 | 2.5 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 0.4 | ' | ' |
Paid In Fully Vested Common Stock [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense | ' | 4.3 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period (in Shares) | ' | 478,467 | ' |
Accounts Payable and Accrued Liabilities [Member] | Interim President And Chief Financial Officer [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Allocated Share-based Compensation Expense | $0.30 | ' | ' |
2004 Stock Option Plan [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) [Line Items] | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number (in Shares) | 865,338 | ' | ' |
Note_14_StockBased_Compensatio3
Note 14 - Stock-Based Compensation (Details) - Fair Value Assumptions of Option Pricing Model (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Fair Value Assumptions of Option Pricing Model [Abstract] | ' | ' | ' |
Risk Free Interest Rate | 0.61% | 0.54% | 1.00% |
Expected Life (years) | '4 years | '4 years | '3 years |
Expected Volatility | 45.10% | 45.90% | 22.25% |
Expected Dividend Yield | 0.00% | 0.00% | 0.00% |
Weighted-average estimated fair value per option (in Dollars per share) | $2.36 | $3.57 | $0.65 |
Note_14_StockBased_Compensatio4
Note 14 - Stock-Based Compensation (Details) - Stock Options Activity (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Note 14 - Stock-Based Compensation (Details) - Stock Options Activity [Line Items] | ' | ' | ' |
Shares (in Shares) | 1,480,289 | 1,731,960 | 1,662,618 |
Range of Exercise Price | $3.73 | $2.50 | $2.42 |
Options granted (in Shares) | 290,840 | 200,650 | ' |
Options granted | $6.84 | $11.57 | ' |
Options exercised (in Shares) | -494,645 | -438,612 | ' |
Options exercised | $0.68 | $2.32 | ' |
Forfeited or expired options (in Shares) | -273,546 | -13,709 | ' |
Forfeited or expired options | $8.33 | $8.13 | ' |
Forfeited options (in Shares) | ' | ' | -39,288 |
Forfeited options | ' | ' | $6.19 |
Forfeited options reissued (in Shares) | ' | ' | 108,630 |
Forfeited options reissued | ' | ' | $5.11 |
Shares (in Shares) | 1,002,938 | 1,480,289 | 1,731,960 |
Range of Exercise Price | $4.89 | $3.73 | $2.50 |
Minimum [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) - Stock Options Activity [Line Items] | ' | ' | ' |
Range of Exercise Price | $0.67 | $0.67 | $0.67 |
Options granted | $5.64 | $11.57 | ' |
Options exercised | $0.67 | $0.67 | ' |
Forfeited or expired options | $5.90 | $6.15 | ' |
Forfeited options | ' | ' | $5.90 |
Forfeited options reissued | ' | ' | $5.11 |
Range of Exercise Price | $0.67 | $0.67 | $0.67 |
Maximum [Member] | ' | ' | ' |
Note 14 - Stock-Based Compensation (Details) - Stock Options Activity [Line Items] | ' | ' | ' |
Range of Exercise Price | $11.57 | $6.35 | $6.35 |
Options granted | $6.97 | ' | ' |
Options exercised | $0.89 | $6.35 | ' |
Forfeited or expired options | $11.57 | $11.57 | ' |
Forfeited options | ' | ' | $6.35 |
Range of Exercise Price | $11.57 | $11.57 | $6.35 |
Note_15_Income_Taxes_Details
Note 15 - Income Taxes (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | ' | 35.00% | ' | ' | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $556,000 | $556,000 | $591,000 | ' | ' |
Deferred Tax Assets, Valuation Allowance | 31,390,000 | 31,390,000 | 19,110,000 | ' | 6,500,000 |
Income Tax Expense (Benefit) | 0 | 5,940,000 | 356,000 | 3,490,000 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 6,900,000 | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards | 11,988,000 | 11,988,000 | 5,679,000 | ' | ' |
Undistributed Earnings of Foreign Subsidiaries | 25,600,000 | 25,600,000 | ' | ' | ' |
Unrecognized Tax Benefits | 0 | 0 | ' | ' | ' |
Excess Employee Stock Option Deductions [Member] | Internal Revenue Service (IRS) [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 4,600,000 | 4,600,000 | ' | ' | ' |
Internal Revenue Service (IRS) [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 31,800,000 | 31,800,000 | ' | ' | ' |
Tax Credit Carryforward, Amount | 15,600,000 | 15,600,000 | ' | ' | ' |
Foreign Tax Authority [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Operating Loss Carryforwards | 8,100,000 | 8,100,000 | ' | ' | ' |
Tax Credit Carryforward, Valuation Allowance | 15,700,000 | 15,700,000 | ' | ' | ' |
Domestic Tax Authority [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | 13,400,000 | 13,400,000 | ' | ' | ' |
Foreign Net Operating Losses,State Net Operating Losses and Foreign Deferred Tax Assets [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards | 2,300,000 | 2,300,000 | ' | ' | ' |
Foreign Tax Credits And State And Foreign Net Operating Losses [Member] | ' | ' | ' | ' | ' |
Note 15 - Income Taxes (Details) [Line Items] | ' | ' | ' | ' | ' |
Deferred Tax Assets, Valuation Allowance | $31,400,000 | $31,400,000 | ' | ' | ' |
Note_15_Income_Taxes_Details_D
Note 15 - Income Taxes (Details) - Domestic nd Foreign Income (Loss) from Continuing Operations Before Income Taxes (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Domestic nd Foreign Income (Loss) from Continuing Operations Before Income Taxes [Abstract] | ' | ' | ' |
Domestic | ($70,559) | ($4,720) | ($5,488) |
Foreign | -8,027 | 6,622 | 9,795 |
Total | ($78,586) | $1,902 | $4,307 |
Note_15_Income_Taxes_Details_P
Note 15 - Income Taxes (Details) - Provision (Benefit) for Income Taxes from Continuing Operations (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
U.S. | ' | ' | ' | ' |
State | ' | $150,000 | $100,000 | $65,000 |
Total U.S. | ' | 150,000 | 100,000 | 65,000 |
Foreign | ' | 197,000 | 3,412,000 | 2,861,000 |
Total current | ' | 347,000 | 3,512,000 | 2,926,000 |
U.S. | ' | ' | ' | ' |
Federal | ' | 7,283,000 | -3,221,000 | ' |
Foreign | ' | -1,690,000 | 65,000 | 564,000 |
Total deferred | ' | 5,593,000 | -3,156,000 | 564,000 |
Total U.S. | ' | 7,283,000 | -3,221,000 | ' |
Total provision for income taxes | $0 | $5,940,000 | $356,000 | $3,490,000 |
Note_15_Income_Taxes_Details_R
Note 15 - Income Taxes (Details) - Reconciliation Between The (Benefit) Provision for Income Taxes from Continuing Operations and Income Taxes (USD $) | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reconciliation Between The (Benefit) Provision for Income Taxes from Continuing Operations and Income Taxes [Abstract] | ' | ' | ' | ' |
Tax (benefit) provision at statutory rate | ' | ($27,505,000) | $666,000 | $1,507,000 |
Meals and entertainment | ' | 45,000 | 88,000 | 36,000 |
Dividends | ' | ' | ' | 670,000 |
Goodwill impairment | ' | 17,238,000 | ' | ' |
Change in valuation allowance | ' | 12,280,000 | -72,000 | 1,779,000 |
Expired foreign tax credits | ' | 2,639,000 | ' | ' |
Taxable differential for foreign subsidiaries | ' | 536,000 | -392,000 | -492,000 |
State income tax, net of federal benefit | ' | 75,000 | 65,000 | 42,000 |
Other, net | ' | 632,000 | 1,000 | -52,000 |
$0 | $5,940,000 | $356,000 | $3,490,000 |
Note_15_Income_Taxes_Details_T
Note 15 - Income Taxes (Details) - Tax Effects of Temporary Differences (USD $) | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Tax Effects of Temporary Differences [Abstract] | ' | ' | ' |
Accrued expenses | $5,767 | ' | $6,110 |
Foreign tax credit | 15,664 | ' | 17,546 |
Net operating loss carryforward | 11,988 | ' | 5,679 |
AMT carryforward | 556 | ' | 591 |
Valuation allowance | -31,390 | -6,500 | -19,110 |
2,585 | ' | 10,816 | |
Excess book basis over tax basis for property, plant and equipment and intangible assets | -1,766 | ' | -4,212 |
Other | -926 | ' | -1,868 |
-2,692 | ' | -6,080 | |
Net deferred tax (liability) asset | ($107) | ' | $4,736 |
Note_16_Employee_Benefit_Plans1
Note 16 - Employee Benefit Plans (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 16 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | $0.30 | $0.40 | $0.40 |
Europe Africa [Member] | ' | ' | ' |
Note 16 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Benefit Plan, Benefit Obligation | 1.3 | ' | ' |
Asia Pacific [Member] | ' | ' | ' |
Note 16 - Employee Benefit Plans (Details) [Line Items] | ' | ' | ' |
Defined Benefit Plan, Benefit Obligation | $0.30 | ' | ' |
Note_18_Commitments_and_Contin2
Note 18 - Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 18 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' |
Limited Warranty Term | '20 years | ' | ' |
Performance Bonds Outstanding (in Dollars) | 6.3 | ' | ' |
Guarantor Obligations, Maximum Exposure, Undiscounted (in Dollars) | 4.8 | ' | ' |
Maximum [Member] | ' | ' | ' |
Note 18 - Commitments and Contingencies (Details) [Line Items] | ' | ' | ' |
Non Cancelable Operating Leases Percentage Of Consolidated Sales | 1.00% | 1.00% | 1.00% |
Note_18_Commitments_and_Contin3
Note 18 - Commitments and Contingencies (Details) - Warranty Obligations (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Warranty Obligations [Abstract] | ' | ' | ' |
Balance | $1,175 | $2,225 | $2,802 |
Provision / changes in estimates | -375 | -947 | 110 |
Payments | ' | -103 | -687 |
Balance | $800 | $1,175 | $2,225 |
Note_18_Commitments_and_Contin4
Note 18 - Commitments and Contingencies (Details) - Operating Leases (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leases [Abstract] | ' |
2014 | $638 |
2015 | 329 |
2016 | 240 |
2017 | 216 |
2018 | 216 |
Thereafter | 1,377 |
$3,016 |
Note_19_Related_Party_Transact1
Note 19 - Related Party Transactions (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Related Party Transactions [Abstract] | ' | ' | ' | ' |
Related Party Transaction, Amounts of Transaction | ' | $2,000,000 | ' | ' |
Related Party Transaction, Expenses from Transactions with Related Party | ' | ' | 200,000 | 2,100,000 |
IPO Management Agreement Termination Fee | 3,000,000 | ' | 3,000,000 | ' |
Due to Related Parties | ' | $0 | ' | ' |
Note_20_Segment_Information_De
Note 20 - Segment Information (Details) | Dec. 31, 2013 |
Segment Reporting [Abstract] | ' |
Number of Product Lines | 4 |
Note_20_Segment_Information_De1
Note 20 - Segment Information (Details) - Operations and Assets of Reportable Segments (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | $96,341 | $117,976 | $108,201 | $95,134 | $121,360 | $121,200 | $139,168 | $94,916 | $417,652 | $476,644 | $464,451 |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 417,652 | 476,644 | 464,451 |
Gross profit | 8,779 | 13,695 | 13,209 | 13,257 | 20,362 | 21,050 | 24,210 | 14,388 | 48,940 | 80,010 | 71,646 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 11.70% | 16.80% | 15.40% |
Segment assets | 266,152 | ' | ' | ' | 336,098 | ' | ' | ' | 266,152 | 336,098 | ' |
After Intersegment Eliminations [Member] | North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 204,699 | 227,944 | 224,719 |
After Intersegment Eliminations [Member] | Europe Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 115,818 | 139,364 | 131,729 |
After Intersegment Eliminations [Member] | Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 87,908 | 109,787 | 90,339 |
After Intersegment Eliminations [Member] | Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 37,040 | 46,112 | 44,727 |
After Intersegment Eliminations [Member] | Middle East [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 17,958 | 12,667 | 10,822 |
After Intersegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 463,423 | 535,874 | 502,336 |
Assets By Segment [Member] | North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 136,030 | ' | ' | ' | 229,272 | ' | ' | ' | 136,030 | 229,272 | 193,937 |
Assets By Segment [Member] | Europe Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 60,182 | ' | ' | ' | 62,154 | ' | ' | ' | 60,182 | 62,154 | 58,334 |
Assets By Segment [Member] | Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 79,145 | ' | ' | ' | 66,283 | ' | ' | ' | 79,145 | 66,283 | 41,659 |
Assets By Segment [Member] | Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 24,734 | ' | ' | ' | 38,774 | ' | ' | ' | 24,734 | 38,774 | 30,280 |
Assets By Segment [Member] | Middle East [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 19,748 | ' | ' | ' | 16,705 | ' | ' | ' | 19,748 | 16,705 | 11,017 |
Assets By Segment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment assets | 319,839 | ' | ' | ' | 413,188 | ' | ' | ' | 319,839 | 413,188 | 335,227 |
Intersubsegment Eliminations [Member] | North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 29,811 | 42,051 | 19,704 |
Intersubsegment Eliminations [Member] | Europe Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 161 | 35 | 471 |
Intersubsegment Eliminations [Member] | Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 9,901 | 12,554 | 16,052 |
Intersubsegment Eliminations [Member] | Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 325 |
Intersubsegment Eliminations [Member] | Middle East [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 5,898 | 4,590 | 1,333 |
Intersubsegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 45,771 | 59,230 | 37,885 |
North America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 174,888 | 185,893 | 205,015 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 29,038 | 46,854 | 45,971 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 16.60% | 25.20% | 22.40% |
Europe Africa [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 115,657 | 139,329 | 131,258 |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 115,657 | 139,329 | 131,258 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 6,168 | 10,894 | 10,139 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 5.30% | 7.80% | 7.70% |
Asia Pacific [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 78,007 | 97,233 | 74,287 |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 78,007 | 97,233 | 74,287 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 8,790 | 16,771 | 10,261 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 11.30% | 17.20% | 13.80% |
Latin America [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 37,040 | 46,112 | 44,402 |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 37,040 | 46,112 | 44,402 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | 3,511 | 4,799 | 4,647 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 9.50% | 10.40% | 10.50% |
Middle East [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net sales to external customers | ' | ' | ' | ' | ' | ' | ' | ' | 12,060 | 8,077 | 9,489 |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 12,060 | 8,077 | 9,489 |
Gross profit | ' | ' | ' | ' | ' | ' | ' | ' | $1,433 | $692 | $628 |
Gross margin | ' | ' | ' | ' | ' | ' | ' | ' | 11.90% | 8.60% | 6.60% |
Note_20_Segment_Information_De2
Note 20 - Segment Information (Details) - Net Sales (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | $96,341 | $117,976 | $108,201 | $95,134 | $121,360 | $121,200 | $139,168 | $94,916 | $417,652 | $476,644 | $464,451 |
Operating Segments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | 463,423 | 535,874 | 502,336 |
Intersubsegment Eliminations [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Segment Reporting, Revenue Reconciling Item [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sales | ' | ' | ' | ' | ' | ' | ' | ' | ($45,771) | ($59,230) | ($37,885) |
Note_20_Segment_Information_De3
Note 20 - Segment Information (Details) - Assets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | $266,152 | $336,098 |
Operating Segments [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | 319,839 | 413,188 |
Intersegment Eliminations [Member] | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' |
Assets | ($53,687) | ($77,090) |
Note_20_Segment_Information_De4
Note 20 - Segment Information (Details) - Property, Plant and Equipment (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | $76,254 | $70,172 |
United States [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 27,392 | 36,315 |
Germany [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 6,851 | 8,349 |
United Kingdom {Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 202 | 204 |
Thailand [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 14,276 | 12,722 |
China [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 16,520 | 1,564 |
Chile [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | 2,528 | 3,084 |
Egypt [Member] | ' | ' |
Note 20 - Segment Information (Details) - Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment | $8,485 | $7,934 |
Note_20_Segment_Information_De5
Note 20 - Segment Information (Details) - Geographical Sales (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | $417,652 | $476,644 | $464,451 |
United States [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 142,211 | 152,893 | 164,409 |
Foreign [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 32,677 | 33,000 | 40,606 |
N America [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 174,888 | 185,893 | 205,015 |
Europe Africa [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 115,657 | 139,329 | 131,258 |
Asia Pacific [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 78,007 | 97,233 | 74,287 |
Latin America [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | 37,040 | 46,112 | 44,402 |
Middle East [Member] | ' | ' | ' |
Note 20 - Segment Information (Details) - Geographical Sales [Line Items] | ' | ' | ' |
Sales | $12,060 | $8,077 | $9,489 |
Note_20_Segment_Information_De6
Note 20 - Segment Information (Details) - Product Sales (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | $96,341 | $117,976 | $108,201 | $95,134 | $121,360 | $121,200 | $139,168 | $94,916 | $417,652 | $476,644 | $464,451 |
Geomembranes [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | 311,210 | 362,384 | 352,224 |
Drainage [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | 42,054 | 49,818 | 44,247 |
Geosynthetic Clay Liners [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | 32,069 | 29,678 | 33,541 |
Nonwoven Geotextiles [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | 7,925 | 12,443 | 16,067 |
Specialty Products [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | 12,757 | 4,684 | 8,513 |
Other Products [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Product sales | ' | ' | ' | ' | ' | ' | ' | ' | $11,637 | $17,637 | $9,859 |
Note_21_Discontinued_Operation1
Note 21 - Discontinued Operations (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Discontinued Operations and Disposal Groups [Abstract] | ' | ' |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | ($0.50) | $0.10 |
Assets of Disposal Group, Including Discontinued Operation | 0.4 | ' |
Liabilities of Disposal Group, Including Discontinued Operation | $0.80 | ' |
Note_22_Quarterly_Financial_Da2
Note 22 - Quarterly Financial Data (Unaudited) (Details) - Unaudited Consolidated Quarterly Statement of Operations (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||||
Unaudited Consolidated Quarterly Statement of Operations [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||
Net sales | $96,341 | $117,976 | $108,201 | $95,134 | $121,360 | $121,200 | $139,168 | $94,916 | $417,652 | $476,644 | $464,451 | ||||||||
Cost of products | 87,562 | 104,281 | 94,992 | 81,877 | 100,998 | 100,150 | 114,958 | 80,528 | 368,712 | 396,634 | 392,805 | ||||||||
Gross profit | 8,779 | 13,695 | 13,209 | 13,257 | 20,362 | 21,050 | 24,210 | 14,388 | 48,940 | 80,010 | 71,646 | ||||||||
Operating loss | -6,382 | -24,497 | -27,031 | -1,141 | 5,430 | 8,810 | 12,099 | -6,492 | -59,051 | 19,847 | 25,793 | ||||||||
Net loss | ($12,364) | ($35,822) | ($33,893) | ($2,447) | $4,814 | $5,240 | $3,796 | ($12,766) | ($84,526) | $1,084 | $953 | ||||||||
Basic EPS (1) (in Dollars per share) | ($0.61) | [1] | ($1.77) | [1] | ($1.69) | [1] | ($0.12) | [1] | $0.24 | [1] | $0.27 | [1] | $0.20 | [1] | ($0.82) | [1] | ($4.20) | $0.06 | $0.09 |
Diluted EPS (1) (in Dollars per share) | ($0.61) | [1] | ($1.77) | [1] | ($1.69) | [1] | ($0.12) | [1] | $0.24 | [1] | $0.26 | [1] | $0.19 | [1] | ($0.82) | [1] | ($4.20) | $0.06 | $0.08 |
[1] | The sum of the quarterly income per share amounts may not equal the annual amount reported, as per share amounts are computed independently for each quarter and for the full year based on the respective weighted average common shares outstanding. |