Xerium (XRM) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 07, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	XRM
Entity Registrant Name	XERIUM TECHNOLOGIES INC
Entity Central Index Key	1,287,151
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		15,597,953

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 9,223	$ 9,517
Accounts receivable, net	78,435	83,069
Inventories, net	76,139	83,550
Prepaid expenses	9,430	8,472
Other current assets	15,367	15,714
Total current assets	188,594	200,322
Property and equipment, net	303,107	303,617
Goodwill	57,808	61,927
Intangible assets	9,945	11,707
Non-current deferred tax asset	8,923	10,662
Other assets	9,803	5,809
Total assets	578,180	594,044
Current liabilities:
Notes payable	6,693	244
Accounts payable	39,474	41,827
Accrued expenses	54,962	56,109
Current maturities of long-term debt	11,585	4,406
Total current liabilities	112,714	102,586
Long-term debt, net of current maturities	459,738	460,840
Liabilities under capital leases	4,588	3,945
Non-current deferred tax liability	7,595	10,416
Pension, other post-retirement and post-employment obligations	74,428	80,471
Other long-term liabilities	$ 14,527	$ 9,896
Commitments and contingencies
Stockholders’ deficit
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of June 30, 2015 and December 31, 2014	$ 0	$ 0
Common stock, $0.001 par value, 20,000,000 shares authorized; 15,597,953 and 15,560,627 shares outstanding as of June 30, 2015 and December 31, 2014, respectively	16	16
Paid-in capital	430,273	428,880
Accumulated deficit	(416,037)	(417,068)
Accumulated other comprehensive loss	(109,662)	(85,938)
Total stockholders’ deficit	(95,410)	(74,110)
Total liabilities and stockholders’ deficit	$ 578,180	$ 594,044

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares outstanding (in shares)	15,597,953	15,560,627

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net Sales	$ 123,128	$ 139,723	$ 244,157	$ 273,107
Costs and expenses:
Cost of products sold	73,686	84,372	146,162	165,591
Selling	16,429	18,988	32,756	37,167
General and administrative	12,045	14,407	25,890	29,203
Research and development	1,892	2,044	3,854	3,990
Restructuring	5,509	7,595	7,733	12,246
Costs and expenses	109,561	127,406	216,395	248,197
Income from operations	13,567	12,317	27,762	24,910
Interest expense, net	(8,705)	(8,917)	(18,369)	(17,574)
Foreign exchange (loss) gain	(885)	(307)	92	(1,185)
Income before provision for income taxes	3,977	3,093	9,485	6,151
Provision for income taxes	(4,680)	(2,329)	(8,454)	(4,222)
Net (loss) income	(703)	764	1,031	1,929
Comprehensive income (loss)	$ 6,704	$ 2,278	$ (22,693)	$ 1,520
Net (loss) income per share:
Basic (in dollars per share)	$ (0.05)	$ 0.05	$ 0.07	$ 0.13
Diluted (in dollars per share)	$ (0.05)	$ 0.05	$ 0.06	$ 0.12
Shares used in computing net (loss) income per share:
Basic (in shares)	15,593,668	15,410,182	15,568,955	15,400,630
Diluted (in shares)	15,593,668	16,422,016	16,544,887	16,442,034

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net income	$ 1,031	$ 1,929
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	1,626	1,149
Depreciation	14,259	16,767
Amortization of intangibles	158	819
Deferred financing cost amortization	1,771	1,467
Foreign exchange gain on revaluation of debt	(915)	(737)
Deferred taxes	1,607	(950)
Loss on disposition of property and equipment	28	28
Provision for doubtful accounts	178	199
Change in assets and liabilities which provided (used) cash:
Accounts receivable	(156)	(4,063)
Inventories	1,985	(7,066)
Prepaid expenses	(1,241)	584
Other current assets	(1,006)	639
Accounts payable and accrued expenses	662	897
Deferred and other long-term liabilities	(5,316)	(2,747)
Net cash provided by operating activities	14,671	8,915
Investing activities
Capital expenditures	(27,914)	(22,469)
Proceeds from disposals of property and equipment	62	124
Net cash used in investing activities	(27,852)	(22,345)
Financing activities
Proceeds from borrowings	42,985	23,551
Principal payments on debt	(30,274)	(19,308)
Payment of financing fees	(27)	(926)
Payment of obligations under capital leases	(557)	(446)
Net cash provided by financing activities	12,127	2,871
Effect of exchange rate changes on cash flows	760	(201)
Net decrease in cash	(294)	(10,760)
Cash and cash equivalents at beginning of period	9,517	25,716
Cash and cash equivalents at end of period	9,223	14,956
Non-cash capitalized lease asset and liability	643	4,468
Accrued construction in process	$ 1,952	$ 0

Description of Business and Sig

Description of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Significant Accounting Policies	Description of Business and Significant Accounting Policies Description of Business Xerium Technologies, Inc. (the "Company") is a leading global provider of industrial consumables and mechanical services used in the production of paper, paperboard, building products and nonwoven materials. Its operations are strategically located in the major paper-making regions of the world, including North America, Europe, South America and Asia-Pacific. Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements at June 30, 2015 and for the three and six months ended June 30, 2015 and 2014 include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, such financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. GAAP requires the Company’s management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. The interim results presented herein are not necessarily indicative of the results to be expected for the entire year. In management’s opinion, these unaudited condensed consolidated interim financial statements contain all adjustments of a normal recurring nature necessary for a fair presentation of the financial statements for the interim periods presented. These unaudited consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2014 as reported on the Company's Annual Report on Form 10-K filed on March 4, 2015. Accounting Policies Inventories, net Inventories are generally valued at the lower of cost or market using the first-in, first-out (FIFO) method. Raw materials are valued principally on a weighted average cost basis. The Company’s work in process and finished goods are specifically identified and valued based on actual inputs to production. Provisions are recorded as appropriate to write-down obsolete and excess inventory to estimated net realizable value. The process for evaluating obsolete and excess inventory often requires management to make subjective judgments and estimates concerning future sales levels, quantities and prices at which such inventory will be able to be sold in the normal course of business, while considering the general aging of inventory and factoring in any new business conditions. The components of inventories are as follows at: June 30, December 31, Raw materials $ 12,010 $ 18,018 Work in process 28,074 28,756 Finished goods (includes consigned inventory of $8,632 at June 30, 2015 and $8,582 at December 31, 2014) 42,157 43,072 Inventory allowances (6,102 ) (6,296 ) $ 76,139 $ 83,550 Goodwill The Company accounts for goodwill and other intangible assets in accordance with ASC Topic 350, Intangibles—Goodwill and Other Intangible Assets (“Topic 350”). Topic 350 requires that goodwill and intangible assets that have indefinite lives not be amortized, but instead, must be tested for impairment at least annually or whenever events or business conditions warrant. During the six months ended June 30, 2015 , the Company evaluated events and business conditions to determine if a test for an impairment of goodwill was warranted. No such events or business conditions took place during this period, therefore no test was determined to be warranted at June 30, 2015 . Warranties The Company offers warranties on certain roll products that it sells. The specific terms and conditions of these warranties vary depending on the product sold, the country in which the product is sold and arrangements with the customer. The Company estimates the costs that may be incurred under its warranties and records a liability in Accrued Expenses on its Consolidated Balance Sheet for such costs. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims, cost per claim and new product introduction. The Company periodically assesses the adequacy of its recorded warranty claims and adjusts the amounts as necessary. The table below represents the changes in the Company’s warranty liability for the six months ended June 30, 2015 and 2014: Beginning Balance Charged to Cost of Sales Effect of Foreign Currency Translation Deduction from Reserves Ending Balance Six Months Ended June 30, 2015: $ 2,685 $ 747 $ (94 ) $ (1,076 ) $ 2,262 Six Months Ended June 30, 2014: $ 1,629 $ 464 $ (17 ) $ (375 ) $ 1,701 Net (Loss) Income Per Common Share Net (loss) income per common share has been computed and presented pursuant to the provisions of ASC Topic 260, Earnings per Share (“Topic 260”). Net (loss) income per share is based on the weighted-average number of shares outstanding during the period. As of June 30, 2015 and 2014, the Company had outstanding restricted stock units (“RSUs”), deferred stock units (“DSUs”) and options. The following table sets forth the computation of basic and diluted weighted-average shares: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Weighted-average common shares outstanding–basic 15,593,668 15,410,182 15,568,955 15,400,630 Dilutive effect of stock-based compensation awards outstanding — 1,011,834 975,932 1,041,404 Weighted-average common shares outstanding–diluted 15,593,668 16,422,016 16,544,887 16,442,034 The following table sets forth the aggregate of the dilutive securities that were outstanding in the three and six months ended June 30, 2015 and 2014, but were not included in the computation of diluted earnings per share because the impact would have been anti-dilutive: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Anti-dilutive securities 1,411,669 19,959 12,182 18,959 Impairment The Company reviews its long-lived assets that have finite lives for impairment in accordance with ASC Topic 360, Property, Plant, and Equipment (“Topic 360”). This topic requires that companies evaluate the fair value of long-lived assets based on the anticipated undiscounted future cash flows to be generated by the assets when indicators of impairment exist to determine if there is impairment to the carrying value. Any change in the carrying amount of an asset as a result of the Company's evaluation has been recorded in either restructuring expense, if it was a result of the Company's restructuring activities, or general and administrative expense for all other impairments in the consolidated statements of operations. Impairment charges associated with restructuring are discussed in Note 7 "Restructuring Expense". For the six months ended June 30, 2015 and 2014, the Company had no impairment charges included in restructuring expense, respectively. New Accounting Pronouncements In May of 2014, the FASB issued Accounting Standard Update No. 2014-09 Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when it satisfies the performance obligations. The Company will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is required to be adopted in January of 2018. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. The Company is in the process of evaluating this accounting standard update. In April of 2015, the FASB issued Accounting Standard Update No. 2015-03 Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying value of the debt liability, consistent with debt discounts. ASU 2015-03 is required to be adopted in January of 2016. The Company will adopt this pronouncement at December 31, 2015, and believes that the adoption of ASU 2015-03 will not have a material impact on its consolidated financial statements.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Derivatives and Hedging Risk Management Objective of Using Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. From time to time, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known cash amounts, the value of which are determined by interest rates or foreign exchange rates. Cash Flow Hedges of Interest Rate Risk From time to time, the Company uses interest rate derivatives to add stability to interest expense and to manage its exposure to interest rate movements. However, at June 30, 2015 , the Company had no interest rate swaps. Non-designated Hedges of Foreign Exchange Risk Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to foreign exchange rates, but do not meet the strict hedge accounting requirements of ASC Topic 815. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings. The Company, from time to time, may enter into foreign exchange forward contracts to fix currencies at specified rates based on expected future cash flows to protect against the fluctuations in cash flows resulting from sales denominated in foreign currencies. Additionally, to manage its exposure to fluctuations in foreign currency on intercompany balances and certain purchase commitments, the Company from time to time may use foreign exchange forward contracts. As of June 30, 2015 and December 31, 2014 , the Company had outstanding derivatives that were not designated as hedges in qualifying hedging relationships. The value of these contracts is recognized at fair value based on market exchange forward rates and is recorded in other assets or other liabilities on the Consolidated Balance Sheets. The following represents the fair value of these derivatives at June 30, 2015 and December 31, 2014 and the change in fair value included in foreign exchange gain in the three and six months ended June 30, 2015 and 2014: June 30, 2015 December 31, 2014 Fair value of derivative liability $ (246 ) $ (524 ) Three Months Ended June 30, 2015: Three Months Ended June 30, 2014: Change in fair value of derivative included in foreign exchange gain $ 605 $ 7 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Change in fair value of derivative included in foreign exchange loss $ (1,454 ) $ (1,204 ) The following represents the notional amounts of foreign exchange forward contracts at June 30, 2015 : Notional Sold Notional Purchased Non-designated hedges of foreign exchange risk $ 12,161 $ (35,831 ) Fair Value of Derivatives Under ASC Topic 820 ASC Topic 820, Fair Value Measurements and Disclosures (“Topic 820”), emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, Topic 820 establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs including fair value of investments that do not have the ability to redeem at net asset value as of the measurement date, or during the first quarter following the measurement date. The derivative assets or liabilities are typically based on an entity’s own assumptions, as there is little, if any, market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and the Company considers factors specific to the asset or liability. The Company determined that its derivative valuations, which are based on market exchange forward rates, fall within Level 2 of the fair value hierarchy.

Long term Debt

Long term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long term Debt	Long term Debt At June 30, 2015 and December 31, 2014 , long term debt consisted of the following: June 30, 2015 December 31, 2014 Senior secured term loan facility, payable quarterly, U.S. Dollar denominated–LIBOR $ 225,001 $ 226,052 Senior Notes (Unsecured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 8.875%. Matures June of 2018. 236,410 236,410 Notes payable, working capital loan, variable interest rate at 1.75%. Matures June 30, 2016, with one-year rollover option. 6,693 244 Other debt 9,912 2,784 Total debt 478,016 465,490 Less current maturities of long term debt and notes payable 18,278 4,650 Total long term debt $ 459,738 $ 460,840 The interest rate on the senior secured loan will increase to 6.25% in the third quarter of 2015, resulting in an additional $140.0 in quarterly interest expense. On May 17, 2013, the Company entered into a Credit and Guaranty Agreement for a $200.0 million term loan credit facility (the “Term Credit Facility”), net of a discount of $1.0 million , among the Company, certain direct and indirect U.S. subsidiaries of the Company as guarantors and certain financial institutions. The Company also entered into a Revolving Credit and Guaranty Agreement originally for a $40.0 million asset-based revolving credit facility subject to a borrowing base among Xerium Technologies, Inc., as a US borrower, Xerium Canada Inc., as Canadian borrower, certain direct and indirect U.S. subsidiaries of the Company as guarantors and certain financial institutions (the "Domestic Revolver"). On March 3, 2014, the Company entered into an amendment to the Revolving Credit and Guaranty Agreement (as amended, the “ABL Facility,” and collectively with the Term Credit Facility, the “Credit Facility”) to add the Company's German subsidiaries as European Borrowers (the "European Borrowers") and to provide for an additional $15 million European asset-based revolving credit facility subject to a European borrowing base (the "European Revolver"), increasing the aggregate availability under the ABL Facility to $55.0 million . On August 18, 2014, the Company entered into the Second Amendment to Credit and Guaranty Agreement (the “Second Amendment”). Under the Second Amendment, the Company borrowed an additional $30.0 million by utilizing the Incremental Facility. The $30.0 million in additional borrowings was used to finance a tax amnesty payment in Brazil. The Second Amendment made no changes to the repayment and other previously disclosed terms of the Credit Facility. The Credit Facility contains certain customary covenants that, subject to exceptions, restrict the Company's ability to, among other things: • declare dividends or redeem or repurchase equity interests; • prepay, redeem or purchase debt; • incur liens and engage in sale-leaseback transactions; • make loans and investments; • incur additional indebtedness; • amend or otherwise alter debt and other material agreements; • make capital expenditures in excess of $42 million per fiscal year, subject to adjustment; • engage in mergers, acquisitions and asset sales; • transact with affiliates; and • engage in businesses that are not related to the Company's existing business. As of June 30, 2015 , the outstanding balance of the Company's term debt under its Credit Facility and Notes was $461.4 million , which is net of a $0.8 million discount. In addition, as of June 30, 2015 , an aggregate of $26.3 million is available for additional borrowings under the ABL Facility. This availability represents a borrowing base of $44.2 million under the ABL Facility less $17.9 million of that facility committed for letters of credit or additional borrowings. Additionally, at June 30, 2015 , the Company had approximately $4.0 million available for borrowings under other small lines of credit. On July 17, 2015 (the "Closing Date"), Xerium China, Co., Ltd. ("Xerium China"), a wholly-owned subsidiary of the Company entered into and closed a Fixed Assets Loan Contract (the "Loan Agreement") with the Industrial and Commercial Bank of China Limited, Shanghai-Jingan Branch (the “Bank”) with respect to a RMB 58.5 million loan, which is approximately $9.4 million USD. The loan is secured by pledged machinery and equipment of Xerium China and guaranteed by Xerium Asia Pacific (Shanghai) Limited and Stowe Woodward (Changzhou) Roll Technologies Co. Ltd., which are wholly-owned subsidiaries of the Company, pursuant to guarantee agreements (the "Guarantee Agreements"). Interest on the outstanding principal balance of the loan accrues at a benchmark rate plus a margin. The benchmark rate is the benchmark interest rate as published by the People's Bank of China, which was 5.25% on June 28, 2015. The margin is set at 10% of the benchmark rate for the entire loan period, with the current interest rate calculated at 5.78% . The interest rate will be adjusted every 12 months during the term of the loan, based on the benchmark interest rate adjustment. Interest under the loan is payable quarterly in arrears. Principal on the loan is to be repaid in part every six months following the Closing Date, in accordance with a predetermined schedule set forth in the Loan Agreement. Proceeds of the Loan will be used by Xerium China to purchase production equipment. The Loan Agreement contains certain customary representations and warranties and provisions relating to events of default. As of June 30, 2015 and December 31, 2014, the carrying value of the Company’s debt was $478.0 million and $465.5 million , respectively, and its fair value was approximately $488.3 million and $478.2 million , respectively. The Company determined the fair value of its debt utilizing significant other observable inputs (Level 2 of the fair value hierarchy). Capitalized Lease Liabilities As of June 30, 2015 , the Company had capitalized lease liabilities totaling $4.6 million . These amounts represent the lease on the corporate headquarters and certain other software licensing, vehicle and office equipment capitalized lease arrangements.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company utilizes the liability method for accounting for income taxes in accordance with ASC Topic 740 , Income Taxes (“Topic 740”). Under Topic 740, deferred tax assets and liabilities are determined based on the difference between their financial reporting and tax basis. The assets and liabilities are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company reduces its deferred tax assets by a valuation allowance if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In making this determination, the Company evaluates all available information including the Company’s financial position and results of operations for the current and preceding years, as well as any available projected information for future years. For the three and six months ended June 30, 2015 , the provision for income taxes was $4,680 and $8,454 as compared to $2,329 and $4,222 for the three and six months ended June 30, 2014 . The increase in tax expense was primarily attributable to the geographic mix of earnings in the three and six months ended June 30, 2015 , as well as an increase in the unrecognized tax benefit due to the effects of income tax audits. Generally, the provision for income taxes is primarily impacted by income earned in tax paying jurisdictions relative to income earned in non-tax paying jurisdictions. The majority of income recognized for purposes of computing the effective tax rate is earned in countries where the statutory income tax rates range from 15.0% to 35.6% ; however, permanent income adjustments recorded against pre-tax earnings may result in an effective tax rate that is higher or lower than the statutory tax rate in these jurisdictions. The Company generates losses in certain jurisdictions for which no tax benefit is realized, as the deferred tax assets in these jurisdictions (including the net operating losses) are fully reserved in the valuation allowance. For this reason, the Company recognizes minimal income tax expense or benefit in these jurisdictions, of which the most material jurisdictions are the United States and Australia. Due to these reserves, the geographic mix of the Company’s pre-tax earnings has a direct correlation with how high or low its annual effective tax rate is relative to consolidated earnings. As the Company continues to reorganize and restructure its operations, it is possible that deferred tax assets, for which no income tax benefit has previously been provided, may more likely than not become realized. The Company continues to evaluate future operations and will record an income tax benefit in the period where it believes it is more likely than not that the deferred tax asset will be able to be realized. Historic and future ownership changes could potentially reduce the amount of net operating loss carry-forwards available for use. As of June 30, 2015 , the Company had a gross amount of unrecognized tax benefit of $7,793 , exclusive of interest and penalties. The unrecognized tax benefit increased by approximately $291 during the six months ended June 30, 2015 , as a result of ongoing changes in currently reserved positions as a result of new facts or information and the effects of income tax audits, which was partially offset by decreases related to foreign currency effects. In January 2015, the Company received notice of a tax audit report which could lead to an income tax assessment of an unknown amount related to its Italian operations. The Company expects to litigate if such an assessment is received, and the Company believes it would prevail on some portion of the issues litigated. As a result of this new information, the unrecognized tax benefit was increased by $1,255 for tax, interest and penalties related to this matter in the first and second quarters of 2015. The Company’s policy is to recognize interest and penalties related to income tax matters as income tax expense, which were $157 and $895 related to the unrecognized tax benefits for the three and six months ended June 30, 2015 . The tax years 2000 through 2014 remain open to examination in a number of the major tax jurisdictions to which the Company and its subsidiaries are subject. The Company believes that it has made adequate provisions for all income tax uncertainties.

Pensions, Other Post-retirement

Pensions, Other Post-retirement and Post-employment Benefits	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Pensions, Other Post-retirement and Post-employment Benefits	Pensions, Other Post-retirement and Post-employment Benefits The Company accounts for its pensions, other post-retirement and post-employment benefit plans in accordance with ASC Topic 715, Compensation—Retirement Benefits (“Topic 715”). The Company has defined benefit pension plans covering substantially all of its U.S. and Canadian employees and employees of certain subsidiaries in other countries. Benefits are generally based on the employee’s years of service and compensation. These plans are funded in conformity with the funding requirements of applicable government regulations. The Company does not fund certain plans, as funding is not required. The Company plans to continue to fund its U.S. defined benefit plans to comply with the Pension Protection Act of 2006. In addition, the Company also intends to fund its U.K. and Canadian defined benefit plans in accordance with local regulations. As required by Topic 715, the following tables summarize the components of net periodic benefit cost: Defined Benefit Plans Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Service cost $ 554 $ 875 $ 1,390 $ 1,691 Interest cost 1,097 1,770 2,767 3,420 Expected return on plan assets (1,192 ) (1,677 ) (3,007 ) (3,241 ) Amortization of net loss 495 315 1,256 610 Net periodic benefit cost $ 954 $ 1,283 $ 2,406 $ 2,480

Comprehensive Loss and Accumula

Comprehensive Loss and Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Comprehensive Loss and Accumulated Other Comprehensive Loss	Comprehensive Loss and Accumulated Other Comprehensive Loss Comprehensive income (loss) for the three and six months ended June 30, 2015 (net of tax benefit of $(766) and net of tax expense of $86 and 2014 (net of tax benefit of $(82) and $(114) ) is as follows: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Net (loss) income $ (703 ) $ 764 $ 1,031 $ 1,929 Foreign currency translation adjustments 6,489 1,355 (26,368 ) (314 ) Pension liability changes under Topic 715 793 127 2,477 (148 ) Change in value of derivative instruments 125 32 167 53 Comprehensive income (loss) $ 6,704 $ 2,278 $ (22,693 ) $ 1,520 The components of accumulated other comprehensive loss for the three months ended June 30, 2015 are as follows (net of tax benefits of $8,068 ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Change in Value of Derivative Instruments Accumulated Other Comprehensive (Loss) Income Balance at March 31, 2015 $ (71,871 ) $ (45,132 ) $ (66 ) $ (117,069 ) Other comprehensive income before reclassifications 6,489 298 — 6,787 Amounts reclassified from other comprehensive income Amortization of actuarial losses — 495 — 495 Amortization of interest expense — — 125 125 Net current period other comprehensive income 6,489 793 125 7,407 Balance at June 30, 2015 $ (65,382 ) $ (44,339 ) $ 59 $ (109,662 ) The components of accumulated other comprehensive loss for the six months ended June 30, 2015 are as follows (net of tax benefits of $8,068 ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Change in Value of Derivative Instruments Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2014 $ (39,014 ) $ (46,816 ) $ (108 ) $ (85,938 ) Other comprehensive income before reclassifications (26,368 ) 1,221 — (25,147 ) Amounts reclassified from other comprehensive income Amortization of actuarial losses — 1,256 — 1,256 Amortization of interest expense — — 167 167 Net current period other comprehensive (loss) income (26,368 ) 2,477 167 (23,724 ) Balance at June 30, 2015 $ (65,382 ) $ (44,339 ) $ 59 $ (109,662 ) For the three and six months ended June 30, 2015 , the amortization of actuarial losses is included in cost of products sold and general and administrative expenses in the Consolidated Statements of Operations. For the six months ended June 30, 2015 , the impact on Accumulated Other Comprehensive Loss ("AOCL") due to foreign currency translation adjustments of $(26,368) was primarily the result of the decline in the Euro and Brazilian Real and the effect of that decline on our foreign subsidiaries net equity balances of $151 million (Euro) and $107 million (Brazilian Real) in Europe and Brazil, respectively. The Euro declined to $1.10 at June 30, 2015 from $1.33 at December 31, 2014. The Brazilian Real declined to $0.33 at June 30, 2015 from $0.43 at December 31, 2014.

Restructuring and Impairment Ex

Restructuring and Impairment Expense	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Impairment Expense	Restructuring and Impairment Expense On June 30, 2015, the Company announced that it had initiated closure proceedings with the representative union officials at its machine clothing facility in Warwick, Quebec, Canada in order to continue to address the Company’s cost structure. In connection with the closure, and in accordance with ASC 360 Property, Plant and Equipment, the Company accrued $2.4 million in employee-related restructuring expenses, which will be paid out during the third quarter of 2015. No impairment was recognized at this time, as the Company is still evaluating if the operating equipment can be moved to other locations. For the six months ended June 30, 2015 , the Company incurred restructuring expenses of $7.7 million. These included $2.9 million of charges related to the closure of the Joao Pessoa, Brazil clothing facility, $2.4 million charges relatd to the closure of Warwick, Canada machine clothing facility, as described above, and $2.4 million of charges relating to headcount reductions and other costs related to previous plant closures. For the six months ended June 30, 2014, the Company incurred restructuring expenses of $12.2 million . These included charges relating to headcount reductions of $3.3 million , $1.7 million relating to the closure of the Joao Pessoa, Brazil plant, $1.6 million relating to the termination of a sales agency contract in Italy, $1.7 million relating to the closures of machine clothing facilities in Argentina and Spain, $2.9 million relating to the closure of the Heidenheim facility, $0.7 million relating to the transfer of certain machinery and equipment from the closed France rolls facility to two China based rolls facilities, and $0.3 million relating to the liquidation of the Vietnam facility. The following table sets forth the significant components of the restructuring accrual (included in Accrued Expenses on our Consolidated Balance Sheet), including activity under restructuring programs for the six months ended June 30, 2015 and 2014: Balance at Charges Currency Cash Balance at Severance and other benefits $ 4,880 $ 4,331 $ (382 ) $ (2,202 ) $ 6,627 Facility costs and other 818 3,402 (62 ) (3,759 ) 399 Total $ 5,698 $ 7,733 $ (444 ) $ (5,961 ) $ 7,026 Balance at Charges Currency Cash Balance at Severance and other benefits $ 6,466 $ 10,185 $ (93 ) $ (5,704 ) $ 10,854 Facility costs and other 1,468 2,061 (19 ) (1,728 ) 1,782 Total $ 7,934 $ 12,246 $ (112 ) $ (7,432 ) $ 12,636 Restructuring and impairment expense by segment, which is not included in Segment Earnings in Note 8, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Clothing $ 5,009 $ 6,132 $ 7,101 $ 8,106 Roll Covers 187 1,622 288 4,037 Corporate 313 (159 ) 344 103 Total $ 5,509 $ 7,595 $ 7,733 $ 12,246

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information The Company is a global manufacturer and supplier of consumable products used primarily in the production of paper and is organized into two reportable segments: Clothing and roll covers. The clothing segment represents the manufacture and sale of synthetic textile belts used to transport paper along the length of papermaking machines. The roll covers segment primarily represents the manufacture and refurbishment of covers used on the steel rolls of papermaking machines and the servicing of those rolls. The Company manages each of these operating segments separately. Management evaluates segment performance based on earnings before interest, taxes, depreciation and amortization, yet after allocation of corporate charges. Such measure is then adjusted to exclude items that are of an unusual nature and are not used in measuring segment performance or are not segment specific (“Segment Earnings (Loss)”). The accounting policies of these segments are the same as those for the Company as a whole. Inter-segment net sales and inter-segment eliminations are not material for any of the periods presented. Summarized financial information for the Company’s reportable segments is presented in the tables that follow for the three and six months ended June 30, 2015 and 2014. Clothing Roll Corporate Total Three Months Ended June 30, 2015: Net Sales $ 79,151 $ 43,977 $ — $ 123,128 Segment Earnings (Loss) $ 22,080 $ 9,087 $ (3,165 ) Three Months Ended June 30, 2014: Net Sales $ 89,505 $ 50,218 $ — $ 139,723 Segment Earnings (Loss) $ 22,189 $ 10,683 $ (3,451 ) Six Months ended June 30, 2015: Net Sales $ 156,435 $ 87,722 $ — $ 244,157 Segment Earnings (Loss) $ 43,846 $ 17,178 $ (6,812 ) Six Months ended June 30, 2014: Net Sales $ 178,476 $ 94,631 $ — $ 273,107 Segment Earnings (Loss) $ 43,580 $ 18,063 $ (6,521 ) Provided below is a reconciliation of Segment Earnings (Loss) to income before provision for income taxes for the three and six months ended June 30, 2015 and 2014, respectively. Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Segment Earnings (Loss): Clothing $ 22,080 $ 22,189 $ 43,846 $ 43,580 Roll Covers 9,087 10,683 17,178 18,063 Corporate (3,165 ) (3,451 ) (6,812 ) (6,521 ) Stock-based compensation (804 ) (640 ) (1,626 ) (1,149 ) Interest expense, net (8,705 ) (8,917 ) (18,369 ) (17,574 ) Depreciation and amortization (7,175 ) (8,936 ) (14,417 ) (17,586 ) Restructuring expense (5,509 ) (7,595 ) (7,733 ) (12,246 ) Non-recurring expense (700 ) — (700 ) Plant startup costs (1,132 ) (240 ) (1,882 ) (416 ) Income before provision for income taxes $ 3,977 $ 3,093 $ 9,485 $ 6,151

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is involved in various legal matters which have arisen in the ordinary course of business as a result of various immaterial labor claims, taxing authority reviews and other routine legal matters. As of June 30, 2015 , the Company accrued an immaterial amount in its financial statements for these matters for which the Company believed the possibility of loss was probable and was able to estimate the damages. The Company does not believe that the ultimate resolution of these matters will have a material adverse effect on its financial position, results of operations or cash flow. The Company believes that any additional liability in excess of amounts provided which may result from the resolution of legal matters will not have a material adverse effect on the financial condition, liquidity or cash flow of the Company.

Stock-Based Compensation and St

Stock-Based Compensation and Stockholders' Deficit	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation and Stockholders' Deficit	Stock-Based Compensation and Stockholders’ Deficit The Company records stock-based compensation expense in accordance with ASC Topic 718, Accounting for Stock Compensation and has used the straight-line attribution method to recognize expense for RSUs, options and DSUs. The Company recorded stock-based compensation expense during the three and six months ended June 30, 2015 and June 30, 2014 as follows: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 RSU, Options and DSU Awards (1) $ 804 $ 640 $ 1,626 $ 1,149 (1) Related to RSUs, Options and DSUs awarded to certain employees and non-employee directors. Summary of Activity under the Long-Term Incentive Plans On March 2, 2015, the Board of Directors approved the 2015-2017 Long-Term Incentive Plan (the “2015 - 2017 LTIP”) under the 2010 Equity Incentive Plan (the “2010 Plan”). Awards under the 2015 - 2017 LTIP are time-based, performance-based and market-based. A specific target share award has been set for each participant in the 2015-2017 LTIP. Awards will be paid in the form of shares of common stock of the Company, as described below: • 52,601 Time-based awards, or 35% of the total target award for each participant, have been granted in the form of time-based restricted stock units under the Company’s 2010 Plan. The time-based restricted stock units vest on the third anniversary of the date of grant. • 97,681 Performance-based and Market-based awards, 65% of the total target award for each participant, have been granted in the form of performance-based stock units under the 2010 Plan. Of these units, half will vest based on the financial performance of the Company and the other half will vest based on the stock price performance of the Company. The performance-based stock units whose vesting is subject to the financial performance of the Company (the “financial stock units”) will vest based on the degree to which the Company achieves a targeted three -year cumulative Adjusted EBITDA metric, adjusted for currency fluctuations, over the performance period of January 1, 2015 through December 31, 2017. Financial stock units that vest will convert into shares of the Company’s common stock and be paid after the close of a three -year performance period. The amount of units that vest will range from 0% to 100% of the employee's total financial stock units. Upon attainment of cumulative Adjusted EBITDA equal to 80% or less of the targeted Adjusted EBITDA, none of the financial stock units will vest. Upon attainment of more than 80% of the targeted Adjusted EBITDA, the financial stock units will begin vesting on a straight-line basis from 0% of the financial stock units at 80% of the targeted Adjusted EBITDA to 100% of the financial stock units at 100% of the targeted Adjusted EBITDA, up to a maximum payout of 100% of the financial stock units. The market-based stock units whose vesting is subject to stock price performance of the Company (the “market-based stock units”) will vest based on the Company's total stock price change (plus dividends) over the three -year performance period of March 2, 2015 through March 2, 2018 (“TSR”) relative to the TSR over the same performance period of companies listed on the S&P Global Small Cap Index on the third anniversary of the grant date, or March 2, 2018. Market-based stock units that vest will convert into shares of the Company’s common stock and will be paid after the third anniversary of the grant date, or March 2, 2018. The amount of units that vest will range from 0% to 100% of the employee's total market-based stock units. If the Company’s TSR over the performance period is less than the 35 th percentile TSR of companies in the S&P Global Small Cap Index, then no market-based units will vest. If the Company’s TSR over the performance period is equal to the 35th percentile TSR of the companies in the S&P Global Small Cap Index, then 50% of the market-based stock units will vest. Full payout at 100% of the market-based stock units will be made if the Company’s TSR over the performance period is equal to the 55th percentile TSR of companies in the S&P Global Small Cap Index. TSR performance between the 35th and 55th percentile TSR of companies in the S&P Global Small Cap Index will result in an interpolated payout percentage of the market-based stock units between 50% and 100%. Subject to early acceleration and payment under certain circumstances consistent with the terms of the Company’s 2015-2017 LTIP and LTIP Share Agreement thereunder, delivery of shares of common stock underlying the time-based and performance-based and market-based awards that become vested are subject to the participant’s continued service to the Company through March 2, 2018. Directors’ Deferred Stock Unit Plan Under the 2011 non-management directors stock plan ("2011 DSU Plan”), as amended in January of 2015, each director receives an annual retainer of $132 , to be paid on a quarterly basis in arrears. Approximately half of the annual retainer is payable in DSUs, with the remaining half payable in DSUs, cash or a mix of both at the election of each director. The non-management directors were awarded an aggregate of 6,291 DSUs under the 2011 DSU Plan for service during the quarter ended June 30, 2015 . In addition, in accordance with the 2011 DSU Plan, as amended in January of 2015, 4,333 DSUs were settled in common stock during the quarter ended June 30, 2015 .

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Guarantor Financial Information	Supplemental Guarantor Financial Information On May 26, 2011, the Company closed on the sale of its Notes. The Notes are unsecured obligations of the Company and are fully and unconditionally guaranteed on a senior unsecured basis by all of the domestic wholly owned subsidiaries of the Company (the “Guarantors”). In accordance with Rule 3-10 of Regulation S-X promulgated under the Securities Act of 1933, as amended, the following condensed consolidating financial statements present the financial position, results of operations and cash flows of Xerium Technologies, Inc. (referred to as “Parent” for the purpose of this note only) on a stand-alone parent-only basis, the Guarantors on a Guarantors-only basis, the combined non-Guarantor subsidiaries and elimination entries necessary to arrive at the information for the Parent, the Guarantors and non-Guarantor subsidiaries on a consolidated basis. Xerium Technologies, Inc. Consolidating Balance Sheet—(Unaudited) At June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 848 $ (5 ) $ 8,380 $ — $ 9,223 Accounts receivable, net 41 20,919 57,475 — 78,435 Intercompany receivables (98,478 ) 113,759 (15,281 ) — — Inventories, net — 17,620 59,497 (978 ) 76,139 Prepaid expenses 970 1,905 6,555 — 9,430 Other current assets — 1,980 13,387 — 15,367 Total current assets (96,619 ) 156,178 130,013 (978 ) 188,594 Property and equipment, net 17,081 60,070 225,956 — 303,107 Investments 805,562 200,164 — (1,005,726 ) — Goodwill — 17,737 40,071 — 57,808 Intangible assets 7,555 1,527 863 — 9,945 Non-current deferred tax asset — — 8,923 — 8,923 Other assets — 364 9,439 — 9,803 Total assets $ 733,579 $ 436,040 $ 415,265 $ (1,006,704 ) $ 578,180 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,498 $ 8,792 $ 28,184 $ — $ 39,474 Accrued expenses 7,791 8,434 38,737 — 54,962 Current notes payable — — 6,693 — 6,693 Current maturities of long-term debt 6,228 457 4,900 — 11,585 Total current liabilities 16,517 17,683 78,514 — 112,714 Long-term debt, net of current maturities 459,738 — — — 459,738 Capitalized lease obligations 3,370 410 808 — 4,588 Non-current deferred tax liability 757 1,036 5,802 — 7,595 Pension, other post-retirement and post-employment obligations 20,690 1,891 51,847 — 74,428 Other long-term liabilities 219 — 14,308 — 14,527 Intercompany loans 321,123 (395,861 ) 74,738 — — Total stockholders’ (deficit) equity (88,835 ) 810,881 189,248 (1,006,704 ) (95,410 ) Total liabilities and stockholders’ equity $ 733,579 $ 436,040 $ 415,265 $ (1,006,704 ) $ 578,180 Xerium Technologies, Inc. Consolidating Balance Sheet At December 31, 2014 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 605 $ (14 ) $ 8,926 $ — $ 9,517 Accounts receivable, net 50 22,358 60,661 — 83,069 Intercompany receivables (107,064 ) 107,589 (525 ) — — Inventories, net — 17,310 67,016 (776 ) 83,550 Prepaid expenses 546 1,470 6,456 — 8,472 Other current assets — 2,021 13,693 — 15,714 Total current assets (105,863 ) 150,734 156,227 (776 ) 200,322 Property and equipment, net 12,365 59,448 231,804 — 303,617 Investments 782,633 229,109 — (1,011,742 ) — Goodwill — 17,737 44,190 — 61,927 Intangible assets 9,001 1,664 1,042 — 11,707 Non-current deferred tax asset — — 10,662 10,662 Other assets — 364 5,445 — 5,809 Total assets $ 698,136 $ 459,056 $ 449,370 $ (1,012,518 ) $ 594,044 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,679 $ 10,212 $ 28,936 $ — $ 41,827 Accrued expenses 8,511 8,301 39,297 — 56,109 Current notes payable — — 244 — 244 Current maturities of long-term debt 2,944 — 1,462 — 4,406 Total current liabilities 14,134 18,513 69,939 — 102,586 Long-term debt, net of current maturities 460,840 — — — 460,840 Liabilities under capital leases 3,503 440 2 — 3,945 Non-current deferred tax liability 97 1,035 9,284 — 10,416 Pension, other post-retirement and post-employment obligations 22,070 1,200 57,201 — 80,471 Other long-term liabilities 181 — 9,715 — 9,896 Intercompany loans 289,896 (401,482 ) 111,586 — — Total stockholders’ (deficit) equity (92,585 ) 839,350 191,643 (1,012,518 ) (74,110 ) Total liabilities and stockholders’ (deficit) equity $ 698,136 $ 459,056 $ 449,370 $ (1,012,518 ) $ 594,044 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss) (Unaudited) For the three months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 41,587 $ 90,149 $ (8,608 ) $ 123,128 Costs and expenses: Cost of products sold 19 27,544 54,624 (8,501 ) 73,686 Selling 271 5,049 11,109 — 16,429 General and administrative 2,055 1,469 8,521 — 12,045 Research and development 241 1,194 457 — 1,892 Restructuring and impairment 313 140 5,056 — 5,509 2,899 35,396 79,767 (8,501 ) 109,561 (Loss) income from operations (2,899 ) 6,191 10,382 (107 ) 13,567 Interest (expense) income, net (9,292 ) 973 (386 ) — (8,705 ) Foreign exchange loss (370 ) (94 ) (421 ) — (885 ) Equity in subsidiaries income 6,759 4,926 — (11,685 ) — Dividend income 5,387 — — (5,387 ) — (Loss) income before provision for income taxes (415 ) 11,996 9,575 (17,179 ) 3,977 Provision for income taxes (288 ) (43 ) (4,349 ) — (4,680 ) Net (loss) income $ (703 ) $ 11,953 $ 5,226 $ (17,179 ) $ (703 ) Comprehensive income $ 725 $ 11,928 $ 11,230 $ (17,179 ) $ 6,704 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income-(Unaudited) For the three months ended June 30, 2014 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 47,681 $ 101,562 $ (9,520 ) $ 139,723 Costs and expenses: Cost of products sold (450 ) 32,729 61,573 (9,480 ) 84,372 Selling 193 5,197 13,598 — 18,988 General and administrative 2,264 1,950 10,193 — 14,407 Research and development 259 1,147 638 — 2,044 Restructuring and impairment 122 507 6,966 — 7,595 2,388 41,530 92,968 (9,480 ) 127,406 (Loss) income from operations (2,388 ) 6,151 8,594 (40 ) 12,317 Interest (expense) income, net (8,461 ) 1,369 (1,825 ) — (8,917 ) Foreign exchange (loss) gain (191 ) 27 (143 ) — (307 ) Equity in subsidiaries income 11,615 3,127 — (14,742 ) — Income before provision for income taxes 575 10,674 6,626 (14,782 ) 3,093 Benefit (provision) for income taxes 189 (45 ) (2,473 ) — (2,329 ) Net income $ 764 $ 10,629 $ 4,153 $ (14,782 ) $ 764 Comprehensive income $ 909 $ 10,559 $ 5,592 $ (14,782 ) $ 2,278 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss) (Unaudited) For the six months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 84,438 $ 176,657 $ (16,938 ) $ 244,157 Costs and expenses: Cost of products sold (328 ) 56,922 106,304 (16,736 ) 146,162 Selling 539 9,850 22,367 — 32,756 General and administrative 4,882 2,881 18,127 — 25,890 Research and development 472 2,390 992 — 3,854 Restructuring and impairment 8,266 315 (848 ) — 7,733 13,831 72,358 146,942 (16,736 ) 216,395 (Loss) income from operations (13,831 ) 12,080 29,715 (202 ) 27,762 Interest (expense) income, net (18,691 ) 2,133 (1,811 ) — (18,369 ) Foreign exchange (loss) gain (157 ) (235 ) 484 — 92 Equity in subsidiaries income 28,428 11,549 — (39,977 ) — Dividend income 6,087 — — (6,087 ) — Income before provision for income taxes 1,836 25,527 28,388 (46,266 ) 9,485 Provision for income taxes (805 ) (72 ) (7,577 ) — (8,454 ) Net income $ 1,031 $ 25,455 $ 20,811 $ (46,266 ) $ 1,031 Comprehensive income (loss) $ 2,356 $ 26,071 $ (4,854 ) $ (46,266 ) $ (22,693 ) Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income-(Unaudited) For the six months ended June 30, 2014 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 90,837 $ 200,827 $ (18,557 ) $ 273,107 Costs and expenses: Cost of products sold (869 ) 62,728 122,305 (18,573 ) 165,591 Selling 306 10,265 26,596 — 37,167 General and administrative 4,149 4,469 20,585 — 29,203 Research and development 535 2,265 1,190 — 3,990 Restructuring and impairment 103 745 11,398 — 12,246 4,224 80,472 182,074 (18,573 ) 248,197 (Loss) income from operations (4,224 ) 10,365 18,753 16 24,910 Interest (expense) income, net (16,704 ) 2,764 (3,634 ) — (17,574 ) Foreign exchange loss (204 ) (54 ) (927 ) — (1,185 ) Equity in subsidiaries income 23,346 9,003 — (32,349 ) — Income before provision for income taxes 2,214 22,078 14,192 (32,333 ) 6,151 Provision for income taxes (285 ) (78 ) (3,859 ) — (4,222 ) Net income $ 1,929 $ 22,000 $ 10,333 $ (32,333 ) $ 1,929 Comprehensive income $ 2,488 $ 21,658 $ 9,707 $ (32,333 ) $ 1,520 Xerium Technologies, Inc. Consolidating Statement of Cash Flows-(Unaudited) For the six months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Operating activities Net income $ 1,031 $ 25,455 $ 20,811 $ (46,266 ) $ 1,031 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Stock-based compensation 1,476 — 150 — 1,626 Depreciation 732 3,496 10,031 — 14,259 Amortization of intangibles — 137 21 — 158 Deferred financing cost amortization 1,723 — 48 — 1,771 Foreign exchange gain on revaluation of debt (915 ) — — — (915 ) Deferred tax expense 661 — 946 — 1,607 Loss on disposition of property and equipment — 25 3 — 28 Provision for doubtful accounts — 48 130 — 178 Undistributed equity in earnings of subsidiaries (28,428 ) (11,549 ) — 39,977 — Change in assets and liabilities which provided (used) cash: Accounts receivable 9 1,390 (1,555 ) — (156 ) Inventories — (310 ) 2,093 202 1,985 Prepaid expenses (424 ) (436 ) (381 ) — (1,241 ) Other current assets — 41 (1,047 ) — (1,006 ) Accounts payable and accrued expenses (1,402 ) (1,287 ) 3,351 — 662 Deferred and other long-term liabilities (9 ) 691 (5,998 ) — (5,316 ) Intercompany loans (8,586 ) (6,093 ) 14,679 — — Net cash (used in) provided by operating activities (34,132 ) 11,608 43,282 (6,087 ) 14,671 Investing activities Capital expenditures, gross (5,426 ) (3,681 ) (18,807 ) — (27,914 ) Intercompany property and equipment transfers, net 1 191 (192 ) — — Proceeds from disposals of property and equipment — 26 36 — 62 Net cash used in investing activities (5,425 ) (3,464 ) (18,963 ) — (27,852 ) Financing activities — Proceeds from borrowings 25,744 — 17,241 — 42,985 Principal payments on debt (23,209 ) — (7,065 ) — (30,274 ) Dividends paid — (6,085 ) (2 ) 6,087 — Payment of obligations under capital leases (323 ) (226 ) (8 ) — (557 ) Payment of financing fees (54 ) — 27 — (27 ) Intercompany loans 32,142 (1,825 ) (30,317 ) — — Other financing activities 5,500 (5,500 ) — Net cash provided by (used in) financing activities 39,800 (8,136 ) (25,624 ) 6,087 12,127 Effect of exchange rate changes on cash flows — 1 759 — 760 Net increase (decrease) in cash 243 9 (546 ) — (294 ) Cash and cash equivalents at beginning of period 605 (14 ) 8,926 — 9,517 Cash and cash equivalents at end of period $ 848 $ (5 ) $ 8,380 $ — $ 9,223 Xerium Technologies, Inc. Consolidating Statement of Cash Flows (Unaudited) For the six months ended June 30, 2014 (Dollars in Thousands) Parent Total Total Non Other The Operating activities Net income $ 1,929 $ 22,000 $ 10,333 $ (32,333 ) $ 1,929 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Stock-based compensation 1,033 — 116 — 1,149 Depreciation 452 3,720 12,595 — 16,767 Amortization of intangibles — 768 51 — 819 Deferred financing cost amortization 1,457 — 10 — 1,467 Foreign exchange gain on revaluation of debt (737 ) — — — (737 ) Deferred taxes 220 — (1,170 ) — (950 ) Loss on disposition of property and equipment — 23 5 — 28 Provision for doubtful accounts — 34 165 — 199 Undistributed equity in earnings of subsidiaries (23,346 ) (9,003 ) — 32,349 — Change in assets and liabilities which provided (used) cash: Accounts receivable (142 ) (327 ) (3,594 ) — (4,063 ) Inventories — (231 ) (6,819 ) (16 ) (7,066 ) Prepaid expenses 1,246 (1,285 ) 623 — 584 Other current assets 514 (461 ) 586 — 639 Accounts payable and accrued expenses (3,624 ) 1,117 3,404 — 897 Deferred and other long-term liabilities (196 ) (127 ) (2,424 ) — (2,747 ) Intercompany loans (15,307 ) 2,800 12,507 — — Net cash (used in) provided by operating activities (36,501 ) 19,028 26,388 — 8,915 Investing activities Capital expenditures, gross (6,784 ) (2,597 ) (13,088 ) — (22,469 ) Intercompany property and equipment transfers, net 9,904 6 (9,910 ) — — Proceeds from disposals of property and equipment — 36 88 — 124 Net cash provided by (used in) investing activities 3,120 (2,555 ) (22,910 ) — (22,345 ) Financing activities — Proceeds from borrowings 23,576 — (25 ) — 23,551 Principal payments on debt (19,308 ) — — — (19,308 ) Payments of obligations under capitalized leases (255 ) (191 ) — — (446 ) Payment of deferred financing fees (926 ) — — — (926 ) Intercompany loans 27,112 (16,280 ) (10,832 ) — — Net cash provided by provided by (used in) financing activities 30,199 (16,471 ) (10,857 ) — 2,871 Effect of exchange rate changes on cash flows — (1 ) (200 ) — (201 ) Net (decrease) increase in cash (3,182 ) 1 (7,579 ) — (10,760 ) Cash and cash equivalents at beginning of period 4,120 (10 ) 21,606 — 25,716 Cash and cash equivalents at end of period $ 938 $ (9 ) $ 14,027 $ — $ 14,956

Description of Business and S17

Description of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements at June 30, 2015 and for the three and six months ended June 30, 2015 and 2014 include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, such financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. GAAP requires the Company’s management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. The interim results presented herein are not necessarily indicative of the results to be expected for the entire year. In management’s opinion, these unaudited condensed consolidated interim financial statements contain all adjustments of a normal recurring nature necessary for a fair presentation of the financial statements for the interim periods presented. These unaudited consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2014 as reported on the Company's Annual Report on Form 10-K filed on March 4, 2015.
Inventories, net	Inventories, net Inventories are generally valued at the lower of cost or market using the first-in, first-out (FIFO) method. Raw materials are valued principally on a weighted average cost basis. The Company’s work in process and finished goods are specifically identified and valued based on actual inputs to production. Provisions are recorded as appropriate to write-down obsolete and excess inventory to estimated net realizable value. The process for evaluating obsolete and excess inventory often requires management to make subjective judgments and estimates concerning future sales levels, quantities and prices at which such inventory will be able to be sold in the normal course of business, while considering the general aging of inventory and factoring in any new business conditions.
Goodwill	Goodwill The Company accounts for goodwill and other intangible assets in accordance with ASC Topic 350, Intangibles—Goodwill and Other Intangible Assets (“Topic 350”). Topic 350 requires that goodwill and intangible assets that have indefinite lives not be amortized, but instead, must be tested for impairment at least annually or whenever events or business conditions warrant. During the six months ended June 30, 2015 , the Company evaluated events and business conditions to determine if a test for an impairment of goodwill was warranted. No such events or business conditions took place during this period, therefore no test was determined to be warranted at June 30, 2015 .
Warranties	Warranties The Company offers warranties on certain roll products that it sells. The specific terms and conditions of these warranties vary depending on the product sold, the country in which the product is sold and arrangements with the customer. The Company estimates the costs that may be incurred under its warranties and records a liability in Accrued Expenses on its Consolidated Balance Sheet for such costs. Factors that affect the Company’s warranty liability include the number of units sold, historical and anticipated rates of warranty claims, cost per claim and new product introduction. The Company periodically assesses the adequacy of its recorded warranty claims and adjusts the amounts as necessary.
Net (Loss) Income Per Common Share	Net (Loss) Income Per Common Share Net (loss) income per common share has been computed and presented pursuant to the provisions of ASC Topic 260, Earnings per Share (“Topic 260”). Net (loss) income per share is based on the weighted-average number of shares outstanding during the period.
Impairment	Impairment The Company reviews its long-lived assets that have finite lives for impairment in accordance with ASC Topic 360, Property, Plant, and Equipment (“Topic 360”). This topic requires that companies evaluate the fair value of long-lived assets based on the anticipated undiscounted future cash flows to be generated by the assets when indicators of impairment exist to determine if there is impairment to the carrying value. Any change in the carrying amount of an asset as a result of the Company's evaluation has been recorded in either restructuring expense, if it was a result of the Company's restructuring activities, or general and administrative expense for all other impairments in the consolidated statements of operations. Impairment charges associated with restructuring are discussed in Note 7 "Restructuring Expense".
New Accounting Pronouncements	New Accounting Pronouncements In May of 2014, the FASB issued Accounting Standard Update No. 2014-09 Revenue from Contracts with Customers ("ASU 2014-09"). ASU 2014-09 requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company identify the contract with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when it satisfies the performance obligations. The Company will also be required to disclose information regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is required to be adopted in January of 2018. Retrospective application is required either to all periods presented or with the cumulative effect of initial adoption recognized in the period of adoption. The Company is in the process of evaluating this accounting standard update. In April of 2015, the FASB issued Accounting Standard Update No. 2015-03 Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"). ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying value of the debt liability, consistent with debt discounts. ASU 2015-03 is required to be adopted in January of 2016. The Company will adopt this pronouncement at December 31, 2015, and believes that the adoption of ASU 2015-03 will not have a material impact on its consolidated financial statements.

Description of Business and S18

Description of Business and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Components of Inventories	The components of inventories are as follows at: June 30, December 31, Raw materials $ 12,010 $ 18,018 Work in process 28,074 28,756 Finished goods (includes consigned inventory of $8,632 at June 30, 2015 and $8,582 at December 31, 2014) 42,157 43,072 Inventory allowances (6,102 ) (6,296 ) $ 76,139 $ 83,550
Changes in Warranty Liability	The table below represents the changes in the Company’s warranty liability for the six months ended June 30, 2015 and 2014: Beginning Balance Charged to Cost of Sales Effect of Foreign Currency Translation Deduction from Reserves Ending Balance Six Months Ended June 30, 2015: $ 2,685 $ 747 $ (94 ) $ (1,076 ) $ 2,262 Six Months Ended June 30, 2014: $ 1,629 $ 464 $ (17 ) $ (375 ) $ 1,701
Computation of Basic and Diluted Weighted-Average Shares	The following table sets forth the computation of basic and diluted weighted-average shares: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Weighted-average common shares outstanding–basic 15,593,668 15,410,182 15,568,955 15,400,630 Dilutive effect of stock-based compensation awards outstanding — 1,011,834 975,932 1,041,404 Weighted-average common shares outstanding–diluted 15,593,668 16,422,016 16,544,887 16,442,034
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share	The following table sets forth the aggregate of the dilutive securities that were outstanding in the three and six months ended June 30, 2015 and 2014, but were not included in the computation of diluted earnings per share because the impact would have been anti-dilutive: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Anti-dilutive securities 1,411,669 19,959 12,182 18,959

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following represents the fair value of these derivatives at June 30, 2015 and December 31, 2014 and the change in fair value included in foreign exchange gain in the three and six months ended June 30, 2015 and 2014: June 30, 2015 December 31, 2014 Fair value of derivative liability $ (246 ) $ (524 ) Three Months Ended June 30, 2015: Three Months Ended June 30, 2014: Change in fair value of derivative included in foreign exchange gain $ 605 $ 7 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Change in fair value of derivative included in foreign exchange loss $ (1,454 ) $ (1,204 )
Notional Amounts of Foreign Exchange Forward Contracts	The following represents the notional amounts of foreign exchange forward contracts at June 30, 2015 : Notional Sold Notional Purchased Non-designated hedges of foreign exchange risk $ 12,161 $ (35,831 )

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long Term Debt	At June 30, 2015 and December 31, 2014 , long term debt consisted of the following: June 30, 2015 December 31, 2014 Senior secured term loan facility, payable quarterly, U.S. Dollar denominated–LIBOR $ 225,001 $ 226,052 Senior Notes (Unsecured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 8.875%. Matures June of 2018. 236,410 236,410 Notes payable, working capital loan, variable interest rate at 1.75%. Matures June 30, 2016, with one-year rollover option. 6,693 244 Other debt 9,912 2,784 Total debt 478,016 465,490 Less current maturities of long term debt and notes payable 18,278 4,650 Total long term debt $ 459,738 $ 460,840

Pensions, Other Post-retireme21

Pensions, Other Post-retirement and Post-employment Benefits (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Cost	As required by Topic 715, the following tables summarize the components of net periodic benefit cost: Defined Benefit Plans Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Service cost $ 554 $ 875 $ 1,390 $ 1,691 Interest cost 1,097 1,770 2,767 3,420 Expected return on plan assets (1,192 ) (1,677 ) (3,007 ) (3,241 ) Amortization of net loss 495 315 1,256 610 Net periodic benefit cost $ 954 $ 1,283 $ 2,406 $ 2,480

Comprehensive Loss and Accumu22

Comprehensive Loss and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Components of Comprehensive Loss, Net of Tax	Comprehensive income (loss) for the three and six months ended June 30, 2015 (net of tax benefit of $(766) and net of tax expense of $86 and 2014 (net of tax benefit of $(82) and $(114) ) is as follows: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Net (loss) income $ (703 ) $ 764 $ 1,031 $ 1,929 Foreign currency translation adjustments 6,489 1,355 (26,368 ) (314 ) Pension liability changes under Topic 715 793 127 2,477 (148 ) Change in value of derivative instruments 125 32 167 53 Comprehensive income (loss) $ 6,704 $ 2,278 $ (22,693 ) $ 1,520
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss for the three months ended June 30, 2015 are as follows (net of tax benefits of $8,068 ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Change in Value of Derivative Instruments Accumulated Other Comprehensive (Loss) Income Balance at March 31, 2015 $ (71,871 ) $ (45,132 ) $ (66 ) $ (117,069 ) Other comprehensive income before reclassifications 6,489 298 — 6,787 Amounts reclassified from other comprehensive income Amortization of actuarial losses — 495 — 495 Amortization of interest expense — — 125 125 Net current period other comprehensive income 6,489 793 125 7,407 Balance at June 30, 2015 $ (65,382 ) $ (44,339 ) $ 59 $ (109,662 ) The components of accumulated other comprehensive loss for the six months ended June 30, 2015 are as follows (net of tax benefits of $8,068 ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Change in Value of Derivative Instruments Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2014 $ (39,014 ) $ (46,816 ) $ (108 ) $ (85,938 ) Other comprehensive income before reclassifications (26,368 ) 1,221 — (25,147 ) Amounts reclassified from other comprehensive income Amortization of actuarial losses — 1,256 — 1,256 Amortization of interest expense — — 167 167 Net current period other comprehensive (loss) income (26,368 ) 2,477 167 (23,724 ) Balance at June 30, 2015 $ (65,382 ) $ (44,339 ) $ 59 $ (109,662 )

Restructuring and Impairment 23

Restructuring and Impairment Expense (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring Programs	The following table sets forth the significant components of the restructuring accrual (included in Accrued Expenses on our Consolidated Balance Sheet), including activity under restructuring programs for the six months ended June 30, 2015 and 2014: Balance at Charges Currency Cash Balance at Severance and other benefits $ 4,880 $ 4,331 $ (382 ) $ (2,202 ) $ 6,627 Facility costs and other 818 3,402 (62 ) (3,759 ) 399 Total $ 5,698 $ 7,733 $ (444 ) $ (5,961 ) $ 7,026 Balance at Charges Currency Cash Balance at Severance and other benefits $ 6,466 $ 10,185 $ (93 ) $ (5,704 ) $ 10,854 Facility costs and other 1,468 2,061 (19 ) (1,728 ) 1,782 Total $ 7,934 $ 12,246 $ (112 ) $ (7,432 ) $ 12,636
Restructuring and Impairment Expense by Segment	Restructuring and impairment expense by segment, which is not included in Segment Earnings in Note 8, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Clothing $ 5,009 $ 6,132 $ 7,101 $ 8,106 Roll Covers 187 1,622 288 4,037 Corporate 313 (159 ) 344 103 Total $ 5,509 $ 7,595 $ 7,733 $ 12,246

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Summarized Financial Information and Segment Earnings (Loss)	Summarized financial information for the Company’s reportable segments is presented in the tables that follow for the three and six months ended June 30, 2015 and 2014. Clothing Roll Corporate Total Three Months Ended June 30, 2015: Net Sales $ 79,151 $ 43,977 $ — $ 123,128 Segment Earnings (Loss) $ 22,080 $ 9,087 $ (3,165 ) Three Months Ended June 30, 2014: Net Sales $ 89,505 $ 50,218 $ — $ 139,723 Segment Earnings (Loss) $ 22,189 $ 10,683 $ (3,451 ) Six Months ended June 30, 2015: Net Sales $ 156,435 $ 87,722 $ — $ 244,157 Segment Earnings (Loss) $ 43,846 $ 17,178 $ (6,812 ) Six Months ended June 30, 2014: Net Sales $ 178,476 $ 94,631 $ — $ 273,107 Segment Earnings (Loss) $ 43,580 $ 18,063 $ (6,521 ) Provided below is a reconciliation of Segment Earnings (Loss) to income before provision for income taxes for the three and six months ended June 30, 2015 and 2014, respectively. Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 Segment Earnings (Loss): Clothing $ 22,080 $ 22,189 $ 43,846 $ 43,580 Roll Covers 9,087 10,683 17,178 18,063 Corporate (3,165 ) (3,451 ) (6,812 ) (6,521 ) Stock-based compensation (804 ) (640 ) (1,626 ) (1,149 ) Interest expense, net (8,705 ) (8,917 ) (18,369 ) (17,574 ) Depreciation and amortization (7,175 ) (8,936 ) (14,417 ) (17,586 ) Restructuring expense (5,509 ) (7,595 ) (7,733 ) (12,246 ) Non-recurring expense (700 ) — (700 ) Plant startup costs (1,132 ) (240 ) (1,882 ) (416 ) Income before provision for income taxes $ 3,977 $ 3,093 $ 9,485 $ 6,151

Stock-Based Compensation and 25

Stock-Based Compensation and Stockholders' Deficit (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Expense	The Company recorded stock-based compensation expense during the three and six months ended June 30, 2015 and June 30, 2014 as follows: Three Months ended June 30, Six Months ended June 30, 2015 2014 2015 2014 RSU, Options and DSU Awards (1) $ 804 $ 640 $ 1,626 $ 1,149 (1) Related to RSUs, Options and DSUs awarded to certain employees and non-employee directors.

Supplemental Guarantor Financ26

Supplemental Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidating Balance Sheet (Unaudited)	Xerium Technologies, Inc. Consolidating Balance Sheet—(Unaudited) At June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 848 $ (5 ) $ 8,380 $ — $ 9,223 Accounts receivable, net 41 20,919 57,475 — 78,435 Intercompany receivables (98,478 ) 113,759 (15,281 ) — — Inventories, net — 17,620 59,497 (978 ) 76,139 Prepaid expenses 970 1,905 6,555 — 9,430 Other current assets — 1,980 13,387 — 15,367 Total current assets (96,619 ) 156,178 130,013 (978 ) 188,594 Property and equipment, net 17,081 60,070 225,956 — 303,107 Investments 805,562 200,164 — (1,005,726 ) — Goodwill — 17,737 40,071 — 57,808 Intangible assets 7,555 1,527 863 — 9,945 Non-current deferred tax asset — — 8,923 — 8,923 Other assets — 364 9,439 — 9,803 Total assets $ 733,579 $ 436,040 $ 415,265 $ (1,006,704 ) $ 578,180 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,498 $ 8,792 $ 28,184 $ — $ 39,474 Accrued expenses 7,791 8,434 38,737 — 54,962 Current notes payable — — 6,693 — 6,693 Current maturities of long-term debt 6,228 457 4,900 — 11,585 Total current liabilities 16,517 17,683 78,514 — 112,714 Long-term debt, net of current maturities 459,738 — — — 459,738 Capitalized lease obligations 3,370 410 808 — 4,588 Non-current deferred tax liability 757 1,036 5,802 — 7,595 Pension, other post-retirement and post-employment obligations 20,690 1,891 51,847 — 74,428 Other long-term liabilities 219 — 14,308 — 14,527 Intercompany loans 321,123 (395,861 ) 74,738 — — Total stockholders’ (deficit) equity (88,835 ) 810,881 189,248 (1,006,704 ) (95,410 ) Total liabilities and stockholders’ equity $ 733,579 $ 436,040 $ 415,265 $ (1,006,704 ) $ 578,180 Xerium Technologies, Inc. Consolidating Balance Sheet At December 31, 2014 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 605 $ (14 ) $ 8,926 $ — $ 9,517 Accounts receivable, net 50 22,358 60,661 — 83,069 Intercompany receivables (107,064 ) 107,589 (525 ) — — Inventories, net — 17,310 67,016 (776 ) 83,550 Prepaid expenses 546 1,470 6,456 — 8,472 Other current assets — 2,021 13,693 — 15,714 Total current assets (105,863 ) 150,734 156,227 (776 ) 200,322 Property and equipment, net 12,365 59,448 231,804 — 303,617 Investments 782,633 229,109 — (1,011,742 ) — Goodwill — 17,737 44,190 — 61,927 Intangible assets 9,001 1,664 1,042 — 11,707 Non-current deferred tax asset — — 10,662 10,662 Other assets — 364 5,445 — 5,809 Total assets $ 698,136 $ 459,056 $ 449,370 $ (1,012,518 ) $ 594,044 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Accounts payable $ 2,679 $ 10,212 $ 28,936 $ — $ 41,827 Accrued expenses 8,511 8,301 39,297 — 56,109 Current notes payable — — 244 — 244 Current maturities of long-term debt 2,944 — 1,462 — 4,406 Total current liabilities 14,134 18,513 69,939 — 102,586 Long-term debt, net of current maturities 460,840 — — — 460,840 Liabilities under capital leases 3,503 440 2 — 3,945 Non-current deferred tax liability 97 1,035 9,284 — 10,416 Pension, other post-retirement and post-employment obligations 22,070 1,200 57,201 — 80,471 Other long-term liabilities 181 — 9,715 — 9,896 Intercompany loans 289,896 (401,482 ) 111,586 — — Total stockholders’ (deficit) equity (92,585 ) 839,350 191,643 (1,012,518 ) (74,110 ) Total liabilities and stockholders’ (deficit) equity $ 698,136 $ 459,056 $ 449,370 $ (1,012,518 ) $ 594,044
Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited)	Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss) (Unaudited) For the three months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 41,587 $ 90,149 $ (8,608 ) $ 123,128 Costs and expenses: Cost of products sold 19 27,544 54,624 (8,501 ) 73,686 Selling 271 5,049 11,109 — 16,429 General and administrative 2,055 1,469 8,521 — 12,045 Research and development 241 1,194 457 — 1,892 Restructuring and impairment 313 140 5,056 — 5,509 2,899 35,396 79,767 (8,501 ) 109,561 (Loss) income from operations (2,899 ) 6,191 10,382 (107 ) 13,567 Interest (expense) income, net (9,292 ) 973 (386 ) — (8,705 ) Foreign exchange loss (370 ) (94 ) (421 ) — (885 ) Equity in subsidiaries income 6,759 4,926 — (11,685 ) — Dividend income 5,387 — — (5,387 ) — (Loss) income before provision for income taxes (415 ) 11,996 9,575 (17,179 ) 3,977 Provision for income taxes (288 ) (43 ) (4,349 ) — (4,680 ) Net (loss) income $ (703 ) $ 11,953 $ 5,226 $ (17,179 ) $ (703 ) Comprehensive income $ 725 $ 11,928 $ 11,230 $ (17,179 ) $ 6,704 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income-(Unaudited) For the three months ended June 30, 2014 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 47,681 $ 101,562 $ (9,520 ) $ 139,723 Costs and expenses: Cost of products sold (450 ) 32,729 61,573 (9,480 ) 84,372 Selling 193 5,197 13,598 — 18,988 General and administrative 2,264 1,950 10,193 — 14,407 Research and development 259 1,147 638 — 2,044 Restructuring and impairment 122 507 6,966 — 7,595 2,388 41,530 92,968 (9,480 ) 127,406 (Loss) income from operations (2,388 ) 6,151 8,594 (40 ) 12,317 Interest (expense) income, net (8,461 ) 1,369 (1,825 ) — (8,917 ) Foreign exchange (loss) gain (191 ) 27 (143 ) — (307 ) Equity in subsidiaries income 11,615 3,127 — (14,742 ) — Income before provision for income taxes 575 10,674 6,626 (14,782 ) 3,093 Benefit (provision) for income taxes 189 (45 ) (2,473 ) — (2,329 ) Net income $ 764 $ 10,629 $ 4,153 $ (14,782 ) $ 764 Comprehensive income $ 909 $ 10,559 $ 5,592 $ (14,782 ) $ 2,278 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss) (Unaudited) For the six months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 84,438 $ 176,657 $ (16,938 ) $ 244,157 Costs and expenses: Cost of products sold (328 ) 56,922 106,304 (16,736 ) 146,162 Selling 539 9,850 22,367 — 32,756 General and administrative 4,882 2,881 18,127 — 25,890 Research and development 472 2,390 992 — 3,854 Restructuring and impairment 8,266 315 (848 ) — 7,733 13,831 72,358 146,942 (16,736 ) 216,395 (Loss) income from operations (13,831 ) 12,080 29,715 (202 ) 27,762 Interest (expense) income, net (18,691 ) 2,133 (1,811 ) — (18,369 ) Foreign exchange (loss) gain (157 ) (235 ) 484 — 92 Equity in subsidiaries income 28,428 11,549 — (39,977 ) — Dividend income 6,087 — — (6,087 ) — Income before provision for income taxes 1,836 25,527 28,388 (46,266 ) 9,485 Provision for income taxes (805 ) (72 ) (7,577 ) — (8,454 ) Net income $ 1,031 $ 25,455 $ 20,811 $ (46,266 ) $ 1,031 Comprehensive income (loss) $ 2,356 $ 26,071 $ (4,854 ) $ (46,266 ) $ (22,693 ) Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income-(Unaudited) For the six months ended June 30, 2014 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 90,837 $ 200,827 $ (18,557 ) $ 273,107 Costs and expenses: Cost of products sold (869 ) 62,728 122,305 (18,573 ) 165,591 Selling 306 10,265 26,596 — 37,167 General and administrative 4,149 4,469 20,585 — 29,203 Research and development 535 2,265 1,190 — 3,990 Restructuring and impairment 103 745 11,398 — 12,246 4,224 80,472 182,074 (18,573 ) 248,197 (Loss) income from operations (4,224 ) 10,365 18,753 16 24,910 Interest (expense) income, net (16,704 ) 2,764 (3,634 ) — (17,574 ) Foreign exchange loss (204 ) (54 ) (927 ) — (1,185 ) Equity in subsidiaries income 23,346 9,003 — (32,349 ) — Income before provision for income taxes 2,214 22,078 14,192 (32,333 ) 6,151 Provision for income taxes (285 ) (78 ) (3,859 ) — (4,222 ) Net income $ 1,929 $ 22,000 $ 10,333 $ (32,333 ) $ 1,929 Comprehensive income $ 2,488 $ 21,658 $ 9,707 $ (32,333 ) $ 1,520
Consolidating Statement of Cash Flows (Unaudited)	Xerium Technologies, Inc. Consolidating Statement of Cash Flows-(Unaudited) For the six months ended June 30, 2015 (Dollars in thousands) Parent Total Total Non Other The Operating activities Net income $ 1,031 $ 25,455 $ 20,811 $ (46,266 ) $ 1,031 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Stock-based compensation 1,476 — 150 — 1,626 Depreciation 732 3,496 10,031 — 14,259 Amortization of intangibles — 137 21 — 158 Deferred financing cost amortization 1,723 — 48 — 1,771 Foreign exchange gain on revaluation of debt (915 ) — — — (915 ) Deferred tax expense 661 — 946 — 1,607 Loss on disposition of property and equipment — 25 3 — 28 Provision for doubtful accounts — 48 130 — 178 Undistributed equity in earnings of subsidiaries (28,428 ) (11,549 ) — 39,977 — Change in assets and liabilities which provided (used) cash: Accounts receivable 9 1,390 (1,555 ) — (156 ) Inventories — (310 ) 2,093 202 1,985 Prepaid expenses (424 ) (436 ) (381 ) — (1,241 ) Other current assets — 41 (1,047 ) — (1,006 ) Accounts payable and accrued expenses (1,402 ) (1,287 ) 3,351 — 662 Deferred and other long-term liabilities (9 ) 691 (5,998 ) — (5,316 ) Intercompany loans (8,586 ) (6,093 ) 14,679 — — Net cash (used in) provided by operating activities (34,132 ) 11,608 43,282 (6,087 ) 14,671 Investing activities Capital expenditures, gross (5,426 ) (3,681 ) (18,807 ) — (27,914 ) Intercompany property and equipment transfers, net 1 191 (192 ) — — Proceeds from disposals of property and equipment — 26 36 — 62 Net cash used in investing activities (5,425 ) (3,464 ) (18,963 ) — (27,852 ) Financing activities — Proceeds from borrowings 25,744 — 17,241 — 42,985 Principal payments on debt (23,209 ) — (7,065 ) — (30,274 ) Dividends paid — (6,085 ) (2 ) 6,087 — Payment of obligations under capital leases (323 ) (226 ) (8 ) — (557 ) Payment of financing fees (54 ) — 27 — (27 ) Intercompany loans 32,142 (1,825 ) (30,317 ) — — Other financing activities 5,500 (5,500 ) — Net cash provided by (used in) financing activities 39,800 (8,136 ) (25,624 ) 6,087 12,127 Effect of exchange rate changes on cash flows — 1 759 — 760 Net increase (decrease) in cash 243 9 (546 ) — (294 ) Cash and cash equivalents at beginning of period 605 (14 ) 8,926 — 9,517 Cash and cash equivalents at end of period $ 848 $ (5 ) $ 8,380 $ — $ 9,223 Xerium Technologies, Inc. Consolidating Statement of Cash Flows (Unaudited) For the six months ended June 30, 2014 (Dollars in Thousands) Parent Total Total Non Other The Operating activities Net income $ 1,929 $ 22,000 $ 10,333 $ (32,333 ) $ 1,929 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Stock-based compensation 1,033 — 116 — 1,149 Depreciation 452 3,720 12,595 — 16,767 Amortization of intangibles — 768 51 — 819 Deferred financing cost amortization 1,457 — 10 — 1,467 Foreign exchange gain on revaluation of debt (737 ) — — — (737 ) Deferred taxes 220 — (1,170 ) — (950 ) Loss on disposition of property and equipment — 23 5 — 28 Provision for doubtful accounts — 34 165 — 199 Undistributed equity in earnings of subsidiaries (23,346 ) (9,003 ) — 32,349 — Change in assets and liabilities which provided (used) cash: Accounts receivable (142 ) (327 ) (3,594 ) — (4,063 ) Inventories — (231 ) (6,819 ) (16 ) (7,066 ) Prepaid expenses 1,246 (1,285 ) 623 — 584 Other current assets 514 (461 ) 586 — 639 Accounts payable and accrued expenses (3,624 ) 1,117 3,404 — 897 Deferred and other long-term liabilities (196 ) (127 ) (2,424 ) — (2,747 ) Intercompany loans (15,307 ) 2,800 12,507 — — Net cash (used in) provided by operating activities (36,501 ) 19,028 26,388 — 8,915 Investing activities Capital expenditures, gross (6,784 ) (2,597 ) (13,088 ) — (22,469 ) Intercompany property and equipment transfers, net 9,904 6 (9,910 ) — — Proceeds from disposals of property and equipment — 36 88 — 124 Net cash provided by (used in) investing activities 3,120 (2,555 ) (22,910 ) — (22,345 ) Financing activities — Proceeds from borrowings 23,576 — (25 ) — 23,551 Principal payments on debt (19,308 ) — — — (19,308 ) Payments of obligations under capitalized leases (255 ) (191 ) — — (446 ) Payment of deferred financing fees (926 ) — — — (926 ) Intercompany loans 27,112 (16,280 ) (10,832 ) — — Net cash provided by provided by (used in) financing activities 30,199 (16,471 ) (10,857 ) — 2,871 Effect of exchange rate changes on cash flows — (1 ) (200 ) — (201 ) Net (decrease) increase in cash (3,182 ) 1 (7,579 ) — (10,760 ) Cash and cash equivalents at beginning of period 4,120 (10 ) 21,606 — 25,716 Cash and cash equivalents at end of period $ 938 $ (9 ) $ 14,027 $ — $ 14,956

Description of Business and S27

Description of Business and Significant Accounting Policies - Components of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 12,010	$ 18,018
Work in process	28,074	28,756
Finished goods (includes consigned inventory of $8,632 at June 30, 2015 and $8,582 at December 31, 2014)	42,157	43,072
Inventory allowances	(6,102)	(6,296)
Inventories, net	76,139	83,550
Consigned inventory	$ 8,632	$ 8,582

Description of Business and S28

Description of Business and Significant Accounting Policies - Changes In Warranty Liability (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Warranties, Increase (Decrease)
Beginning Balance	$ 2,685	$ 1,629
Charged to Cost of Sales	747	464
Effect of Foreign Currency Translation	(94)	(17)
Deduction from Reserves	(1,076)	(375)
Ending Balance	$ 2,262	$ 1,701

Description of Business and S29

Description of Business and Significant Accounting Policies - Net (Loss) Income (Loss) Per Common Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Weighted-average common shares outstanding–basic (in shares)	15,593,668	15,410,182	15,568,955	15,400,630
Dilutive effect of stock-based compensation awards outstanding (in shares)	0	1,011,834	975,932	1,041,404
Weighted-average common shares outstanding–diluted (in shares)	15,593,668	16,422,016	16,544,887	16,442,034
Anti-dilutive securities (in shares)	1,411,669	19,959	12,182	18,959

Description of Business and S30

Description of Business and Significant Accounting Policies - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Restructuring Expense
Restructuring Cost and Reserve [Line Items]
Asset impairment	$ 0	$ 0

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details)	Jun. 30, 2015derivative_instrument
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Number of derivative instruments	0

Derivatives and Hedging - Sched

Derivatives and Hedging - Schedule of Derivative Instruments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivative [Line Items]
Change in fair value of derivative included in foreign exchange (loss) gain	$ 605	$ 7	$ (1,454)	$ (1,204)
Not Designated as Hedging Instrument | Foreign Exchange Forward Contracts
Derivative [Line Items]
Fair value of derivative liability	$ (246)		$ (246)		$ (524)

Derivatives and Hedging - Notio

Derivatives and Hedging - Notional Amounts of Foreign Exchange Forward Contracts (Detail) - Not Designated as Hedging Instrument - Foreign Exchange Forward Contracts $ in Thousands	Jun. 30, 2015USD ($)
Sold
Derivative [Line Items]
Non-designated hedges of foreign exchange risk	$ 12,161
Purchased
Derivative [Line Items]
Non-designated hedges of foreign exchange risk	$ (35,831)

Long term Debt - Schedule of Lo

Long term Debt - Schedule of Long Term Debt (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	May. 17, 2013
Debt Instrument [Line Items]
Long-term debt	$ 478,000	$ 465,500
Notes payable	6,693	244
Total debt	478,016	465,490
Less current maturities of long term debt and notes payable	18,278	4,650
Total long term debt	459,738	460,840
Other Debt
Debt Instrument [Line Items]
Long-term debt	9,912	2,784
Notes Payable
Debt Instrument [Line Items]
Notes payable	$ 6,693	244
Debt instrument variable interest rate	1.75%
Rollover option period	1 year
Senior Secured Term Loan Facility | Senior Secured Term Loan Facility, Payable Quarterly, US Dollar Denominated, Matures May 2019
Debt Instrument [Line Items]
Long-term debt	$ 225,001	$ 226,052
Debt instrument interest rate	5.75%	5.75%
Debt discount	$ 800	$ 800	$ 1,000
Senior Secured Term Loan Facility | Senior Secured Term Loan Facility, Payable Quarterly, US Dollar Denominated, Matures May 2019 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, minimum variable rate basis	1.25%	1.25%
Debt instrument, basis spread on variable rate	4.50%	4.50%
Senior Notes (Unsecured) | Senior Notes Unsecured, Payable Semi Annually, US Dollar Denominated Interest Rate Fixed at 8.875%, Matures June 2018
Debt Instrument [Line Items]
Long-term debt	$ 236,410	$ 236,410
Debt instrument fixed interest rate	8.875%	8.875%

Long term Debt - Additional Inf

Long term Debt - Additional Information (Detail)	Jul. 17, 2015USD ($)	Jun. 28, 2015	Aug. 18, 2014USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jul. 17, 2015CNY (¥)	Dec. 31, 2014USD ($)	Mar. 03, 2014USD ($)	May. 17, 2013USD ($)
Debt Instrument [Line Items]
Interest expense					$ 8,705,000	$ 8,917,000	$ 18,369,000	$ 17,574,000
Proceeds from borrowings							42,985,000	$ 23,551,000
Carrying value of long-term debt					478,000,000		478,000,000			$ 465,500,000
Fair value of long-term debt					488,300,000		488,300,000			478,200,000
Liabilities under capital leases					4,588,000		4,588,000			$ 3,945,000
Credit Facility and Notes
Debt Instrument [Line Items]
Debt discount					800,000		800,000
Carrying value of long-term debt					$ 461,400,000		$ 461,400,000
Senior Secured Term Loan Facility, Payable Quarterly, US Dollar Denominated, Matures May 2019 | Secured Debt
Debt Instrument [Line Items]
Debt instrument interest rate					5.75%		5.75%			5.75%
Debt instrument, face amount												$ 200,000,000
Debt discount					$ 800,000		$ 800,000			$ 800,000		1,000,000
Proceeds from borrowings			$ 30,000,000
Carrying value of long-term debt					225,001,000		225,001,000			$ 226,052,000
ABL Secured Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity											$ 55,000,000	$ 40,000,000
Debt instrument, covenant compliance, maximum annual capital expenditures							42,000,000
Remaining borrowing capacity					26,300,000		26,300,000
Amount outstanding					44,200,000		44,200,000
ABL Secured Facility | Letter of Credit
Debt Instrument [Line Items]
Amount outstanding					17,900,000		17,900,000
ABL Secured Facility - European | Revolving Credit Facility
Debt Instrument [Line Items]
Current borrowing capacity											$ 15,000,000
Other Small Lines of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Remaining borrowing capacity					$ 4,000,000		$ 4,000,000
Brazil | Foreign Tax Authority | Senior Secured Term Loan Facility, Payable Quarterly, US Dollar Denominated, Matures May 2019 | Secured Debt
Debt Instrument [Line Items]
Proceeds from borrowings			$ 30,000,000
Subsequent Event | Xerium China Loan Agreement | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 9,400,000								¥ 58,500,000
Interest rate adjustment period	12 months
Frequency of principal payment	6 months
Benchmark Rate | Xerium China Loan Agreement | Secured Debt
Debt Instrument [Line Items]
Debt Instrument, Variable Rate		5.25%
Debt Instrument, Percentage of Variable Rate Used to Calculate Basis Spread		10.00%
Interest rate during period		5.78%
Scenario, Forecast | Senior Secured Term Loan Facility, Payable Quarterly, US Dollar Denominated, Matures May 2019 | Secured Debt
Debt Instrument [Line Items]
Debt instrument interest rate				6.25%
Interest expense				$ 140,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Line Items]
Provision for income taxes	$ 4,680	$ 2,329	$ 8,454	$ 4,222
Gross unrecognized tax benefit	7,793		7,793
Increase in unrecognized tax benefits			291
Unrecognized tax benefit increase resulting from potential settlement			1,255
Unrecognized tax benefits related to income tax matters and income tax expense	$ 157		$ 895
Minimum
Income Taxes [Line Items]
Statutory income tax rate in foreign countries			15.00%
Maximum
Income Taxes [Line Items]
Statutory income tax rate in foreign countries			35.60%

Pensions, Other Post-retireme37

Pensions, Other Post-retirement and Post-employment Benefits - Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pensions, Other Post-Retirement And Post-Employment Benefits [Abstract]
Service cost	$ 554	$ 875	$ 1,390	$ 1,691
Interest cost	1,097	1,770	2,767	3,420
Expected return on plan assets	(1,192)	(1,677)	(3,007)	(3,241)
Amortization of net loss	495	315	1,256	610
Net periodic benefit cost	$ 954	$ 1,283	$ 2,406	$ 2,480

Comprehensive Loss and Accumu38

Comprehensive Loss and Accumulated Other Comprehensive Loss - Components of Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Comprehensive Income Loss and Accumulated Other Comprehensive Income (Loss) [Abstract]
Other comprehensive loss, tax (benefit) expense	$ (766)	$ (82)	$ 86	$ (114)
Net (loss) income	(703)	764	1,031	1,929
Foreign currency translation adjustments	6,489	1,355	(26,368)	(314)
Pension liability changes under Topic 715	793	127	2,477	(148)
Change in value of derivative instruments	125	32	167	53
Comprehensive income (loss)	$ 6,704	$ 2,278	$ (22,693)	$ 1,520

Comprehensive Loss and Accumu39

Comprehensive Loss and Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - Jun. 30, 2015 - USD ($) $ in Thousands	Total	Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	$ (117,069)	$ (85,938)
Other comprehensive income before reclassifications	6,787	(25,147)
Amounts reclassified from other comprehensive income
Amortization of actuarial losses	495	1,256
Amortization of interest expense	125	167
Net current period other comprehensive (loss) income	7,407	(23,724)
Balance at end	(109,662)	(109,662)
Accumulated other comprehensive loss, tax benefit	8,068	8,068
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(71,871)	(39,014)
Other comprehensive income before reclassifications	6,489	(26,368)
Amounts reclassified from other comprehensive income
Amortization of actuarial losses	0	0
Amortization of interest expense	0	0
Net current period other comprehensive (loss) income	6,489	(26,368)
Balance at end	(65,382)	(65,382)
Pension Liability Changes Under Topic 715
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(45,132)	(46,816)
Other comprehensive income before reclassifications	298	1,221
Amounts reclassified from other comprehensive income
Amortization of actuarial losses	495	1,256
Amortization of interest expense	0	0
Net current period other comprehensive (loss) income	793	2,477
Balance at end	(44,339)	(44,339)
Change in Value of Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(66)	(108)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from other comprehensive income
Amortization of actuarial losses	0	0
Amortization of interest expense	125	167
Net current period other comprehensive (loss) income	125	167
Balance at end	$ 59	$ 59

Comprehensive Loss and Accumu40

Comprehensive Loss and Accumulated Other Comprehensive Loss - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income before reclassifications	$ 6,787		$ (25,147)
Foreign currency translation adjustments	6,489	$ 1,355	(26,368)	$ (314)
Other comprehensive loss, foreign currency translation adjustment			(26,368)
Net equity of foreign subsidiary	(95,410)		(95,410)		$ (74,110)
Europe
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net equity of foreign subsidiary	151,000		151,000
Brazil
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net equity of foreign subsidiary	$ 107,000		$ 107,000
Euro
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency exchange rate	1.10		1.10		1.33
Brazil Real
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency exchange rate	0.33		0.33		0.43

Restructuring and Impairment 41

Restructuring and Impairment Expense - Additional Information (Detail)	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)facility	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	$ 7,026,000	$ 7,026,000	$ 12,636,000	$ 7,026,000	$ 12,636,000	$ 5,698,000	$ 7,934,000
Restructuring		5,509,000	7,595,000	7,733,000	12,246,000
Headcount Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	6,627,000	6,627,000	$ 10,854,000	6,627,000	10,854,000	$ 4,880,000	$ 6,466,000
Restructuring				2,400,000	3,300,000
Italy Facility | Termination of Contract
Restructuring Cost and Reserve [Line Items]
Restructuring					1,600,000
Veitnam Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring					300,000
Clothing Facility | Brazil Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring				2,900,000	1,700,000
Clothing Facility | Canada Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring accrual	2,400,000	$ 2,400,000		2,400,000
Asset impairment	$ 0
Restructuring				$ 2,400,000
Clothing Facility | Argentina and Spain Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring					1,700,000
Rolls Facility | Heidenheim Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring					2,900,000
Rolls Facility | France Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring					$ 700,000
Number of Facilities Machinery and Equipment Transferred to in Restructuring Plan | facility					2

Restructuring and Impairment 42

Restructuring and Impairment Expense - Restructuring Programs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			$ 7,733	$ 12,246
Restructuring Reserve
Beginning Balance			5,698	7,934
Charges	$ 5,509	$ 7,595	7,733	12,246
Currency Effects			(444)	(112)
Cash Payments			(5,961)	(7,432)
Ending Balance	7,026	12,636	7,026	12,636
Severance and other benefits
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			4,331	10,185
Restructuring Reserve
Beginning Balance			4,880	6,466
Charges			2,400	3,300
Currency Effects			(382)	(93)
Cash Payments			(2,202)	(5,704)
Ending Balance	6,627	10,854	6,627	10,854
Facility costs and other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			3,402	2,061
Restructuring Reserve
Beginning Balance			818	1,468
Currency Effects			(62)	(19)
Cash Payments			(3,759)	(1,728)
Ending Balance	$ 399	$ 1,782	$ 399	$ 1,782

Restructuring and Impairment 43

Restructuring and Impairment Expense - Restructuring and Impairment Expense by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 5,509	$ 7,595	$ 7,733	$ 12,246
Operating Segments | Clothing
Restructuring Cost and Reserve [Line Items]
Restructuring	5,009	6,132	7,101	8,106
Operating Segments | Roll Covers
Restructuring Cost and Reserve [Line Items]
Restructuring	187	1,622	288	4,037
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 313	$ (159)	$ 344	$ 103

Business Segment Information -

Business Segment Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2015segment
Segment Reporting [Abstract]
Number of reportable segments	2

Business Segment Information 45

Business Segment Information - Summarized Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net Sales	$ 123,128	$ 139,723	$ 244,157	$ 273,107
Segment Earnings (Loss)	13,567	12,317	27,762	24,910
Operating Segments | Clothing
Segment Reporting Information [Line Items]
Net Sales	79,151	89,505	156,435	178,476
Segment Earnings (Loss)	22,080	22,189	43,846	43,580
Operating Segments | Roll Covers
Segment Reporting Information [Line Items]
Net Sales	43,977	50,218	87,722	94,631
Segment Earnings (Loss)	9,087	10,683	17,178	18,063
Corporate
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Segment Earnings (Loss)	$ (3,165)	$ (3,451)	$ (6,812)	$ (6,521)

Business Segment Information 46

Business Segment Information - Reconciliation of Segment Earnings (Loss) To Income Before Provision For Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Earnings (Loss):
Segment Earnings (Loss)	$ 13,567	$ 12,317	$ 27,762	$ 24,910
Stock-based compensation	(804)	(640)	(1,626)	(1,149)
Interest expense, net	(8,705)	(8,917)	(18,369)	(17,574)
Depreciation and amortization	(7,175)	(8,936)	(14,417)	(17,586)
Restructuring expense	(5,509)	(7,595)	(7,733)	(12,246)
Non-recurring expense	(700)	0	(700)
Plant startup costs	(1,132)	(240)	(1,882)	(416)
Income before provision for income taxes	3,977	3,093	9,485	6,151
Operating Segments | Clothing
Segment Earnings (Loss):
Segment Earnings (Loss)	22,080	22,189	43,846	43,580
Restructuring expense	(5,009)	(6,132)	(7,101)	(8,106)
Operating Segments | Roll Covers
Segment Earnings (Loss):
Segment Earnings (Loss)	9,087	10,683	17,178	18,063
Restructuring expense	(187)	(1,622)	(288)	(4,037)
Corporate
Segment Earnings (Loss):
Segment Earnings (Loss)	(3,165)	(3,451)	(6,812)	(6,521)
Restructuring expense	$ (313)	$ 159	$ (344)	$ (103)

Stock-Based Compensation and 47

Stock-Based Compensation and Stockholders' Deficit - Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense		$ 804	$ 640	$ 1,626	$ 1,149
RSU, Options and DSU Awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	[1]	$ 804	$ 640	$ 1,626	$ 1,149
[1]	Related to RSUs, Options and DSUs awarded to certain employees and non-employee directors.

Stock-Based Compensation and 48

Stock-Based Compensation and Stockholders' Deficit - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	Mar. 02, 2015	Jun. 30, 2015	Jun. 30, 2015
2011 DSU Plan | Deferred Stock Unit (DSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer per director			$ 132
Shares issued		6,291
Percentage of retainer payable in shares			50.00%
Percentage of retainer payable in shares and/or cash			50.00%
2015 - 2017 LTIP | Time-based RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	52,601
Percent of target award	35.00%
Award vesting period	3 years
2015 - 2017 LTIP | Performance-Based and Market-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	97,681
Percent of target award	65.00%
2015 - 2017 LTIP | Performance-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Performance measurement period	3 years
2015 - 2017 LTIP | Performance-Based Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
2015 - 2017 LTIP | Performance-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	100.00%
Percentage of award payout	100.00%
2015 - 2017 LTIP | Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Performance measurement period	3 years
2015 - 2017 LTIP | Market-Based Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
2015 - 2017 LTIP | Market-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	100.00%
Tranche One | 2015 - 2017 LTIP | Performance-Based and Market-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	50.00%
Tranche One | 2015 - 2017 LTIP | Performance-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
Tranche One | 2015 - 2017 LTIP | Performance-Based Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	80.00%
Tranche One | 2015 - 2017 LTIP | Performance-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	80.00%
Tranche One | 2015 - 2017 LTIP | Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
Tranche One | 2015 - 2017 LTIP | Market-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	35.00%
Tranche Two | 2015 - 2017 LTIP | Performance-Based and Market-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	50.00%
Tranche Two | 2015 - 2017 LTIP | Performance-Based Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	0.00%
Performance threshold percentage	80.00%
Tranche Two | 2015 - 2017 LTIP | Performance-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	100.00%
Performance threshold percentage	100.00%
Tranche Two | 2015 - 2017 LTIP | Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting, percentage	50.00%
Performance threshold percentage	35.00%
Tranche Three | 2015 - 2017 LTIP | Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	55.00%
Percentage of award payout	100.00%
Tranche Three | 2015 - 2017 LTIP | Market-Based Stock Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	35.00%
Percentage of award payout	50.00%
Tranche Three | 2015 - 2017 LTIP | Market-Based Stock Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance threshold percentage	55.00%
Percentage of award payout	100.00%
Common Stock | 2011 DSU Plan | Deferred Stock Unit (DSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued		4,333

Supplemental Guarantor Financ49

Supplemental Guarantor Financial Information - Consolidating Balance Sheet (Unaudited) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 9,223	$ 9,517	$ 14,956	$ 25,716
Accounts receivable, net	78,435	83,069
Intercompany receivables	0	0
Inventories, net	76,139	83,550
Prepaid expenses	9,430	8,472
Other current assets	15,367	15,714
Total current assets	188,594	200,322
Property and equipment, net	303,107	303,617
Investments	0	0
Goodwill	57,808	61,927
Intangible assets	9,945	11,707
Non-current deferred tax asset	8,923	10,662
Other assets	9,803	5,809
Total assets	578,180	594,044
Current liabilities:
Accounts payable	39,474	41,827
Accrued expenses	54,962	56,109
Notes payable	6,693	244
Current maturities of long-term debt	11,585	4,406
Total current liabilities	112,714	102,586
Long-term debt, net of current maturities	459,738	460,840
Liabilities under capital leases	4,588	3,945
Non-current deferred tax liability	7,595	10,416
Pension, other post-retirement and post-employment obligations	74,428	80,471
Other long-term liabilities	14,527	9,896
Intercompany loans	0	0
Total stockholders’ (deficit) equity	(95,410)	(74,110)
Total liabilities and stockholders’ deficit	578,180	594,044
Parent
Current assets:
Cash and cash equivalents	848	605	938	4,120
Accounts receivable, net	41	50
Intercompany receivables	(98,478)	(107,064)
Inventories, net	0	0
Prepaid expenses	970	546
Other current assets	0	0
Total current assets	(96,619)	(105,863)
Property and equipment, net	17,081	12,365
Investments	805,562	782,633
Goodwill	0	0
Intangible assets	7,555	9,001
Non-current deferred tax asset	0	0
Other assets	0	0
Total assets	733,579	698,136
Current liabilities:
Accounts payable	2,498	2,679
Accrued expenses	7,791	8,511
Notes payable	0	0
Current maturities of long-term debt	6,228	2,944
Total current liabilities	16,517	14,134
Long-term debt, net of current maturities	459,738	460,840
Liabilities under capital leases	3,370	3,503
Non-current deferred tax liability	757	97
Pension, other post-retirement and post-employment obligations	20,690	22,070
Other long-term liabilities	219	181
Intercompany loans	321,123	289,896
Total stockholders’ (deficit) equity	(88,835)	(92,585)
Total liabilities and stockholders’ deficit	733,579	698,136
Total Guarantors
Current assets:
Cash and cash equivalents	(5)	(14)	(9)	(10)
Accounts receivable, net	20,919	22,358
Intercompany receivables	113,759	107,589
Inventories, net	17,620	17,310
Prepaid expenses	1,905	1,470
Other current assets	1,980	2,021
Total current assets	156,178	150,734
Property and equipment, net	60,070	59,448
Investments	200,164	229,109
Goodwill	17,737	17,737
Intangible assets	1,527	1,664
Non-current deferred tax asset	0	0
Other assets	364	364
Total assets	436,040	459,056
Current liabilities:
Accounts payable	8,792	10,212
Accrued expenses	8,434	8,301
Notes payable	0	0
Current maturities of long-term debt	457	0
Total current liabilities	17,683	18,513
Long-term debt, net of current maturities	0	0
Liabilities under capital leases	410	440
Non-current deferred tax liability	1,036	1,035
Pension, other post-retirement and post-employment obligations	1,891	1,200
Other long-term liabilities	0	0
Intercompany loans	(395,861)	(401,482)
Total stockholders’ (deficit) equity	810,881	839,350
Total liabilities and stockholders’ deficit	436,040	459,056
Total Non Guarantors
Current assets:
Cash and cash equivalents	8,380	8,926	14,027	21,606
Accounts receivable, net	57,475	60,661
Intercompany receivables	(15,281)	(525)
Inventories, net	59,497	67,016
Prepaid expenses	6,555	6,456
Other current assets	13,387	13,693
Total current assets	130,013	156,227
Property and equipment, net	225,956	231,804
Investments	0	0
Goodwill	40,071	44,190
Intangible assets	863	1,042
Non-current deferred tax asset	8,923	10,662
Other assets	9,439	5,445
Total assets	415,265	449,370
Current liabilities:
Accounts payable	28,184	28,936
Accrued expenses	38,737	39,297
Notes payable	6,693	244
Current maturities of long-term debt	4,900	1,462
Total current liabilities	78,514	69,939
Long-term debt, net of current maturities	0	0
Liabilities under capital leases	808	2
Non-current deferred tax liability	5,802	9,284
Pension, other post-retirement and post-employment obligations	51,847	57,201
Other long-term liabilities	14,308	9,715
Intercompany loans	74,738	111,586
Total stockholders’ (deficit) equity	189,248	191,643
Total liabilities and stockholders’ deficit	415,265	449,370
Other Eliminations
Current assets:
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Intercompany receivables	0	0
Inventories, net	(978)	(776)
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	(978)	(776)
Property and equipment, net	0	0
Investments	(1,005,726)	(1,011,742)
Goodwill	0	0
Intangible assets	0	0
Non-current deferred tax asset	0
Other assets	0	0
Total assets	(1,006,704)	(1,012,518)
Current liabilities:
Accounts payable	0	0
Accrued expenses	0	0
Notes payable	0	0
Current maturities of long-term debt	0	0
Total current liabilities	0	0
Long-term debt, net of current maturities	0	0
Liabilities under capital leases	0	0
Non-current deferred tax liability	0	0
Pension, other post-retirement and post-employment obligations	0	0
Other long-term liabilities	0	0
Intercompany loans	0	0
Total stockholders’ (deficit) equity	(1,006,704)	(1,012,518)
Total liabilities and stockholders’ deficit	$ (1,006,704)	$ (1,012,518)

Supplemental Guarantor Financ50

Supplemental Guarantor Financial Information - Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]
Net Sales	$ 123,128	$ 139,723	$ 244,157	$ 273,107
Costs and expenses:
Cost of products sold	73,686	84,372	146,162	165,591
Selling	16,429	18,988	32,756	37,167
General and administrative	12,045	14,407	25,890	29,203
Research and development	1,892	2,044	3,854	3,990
Restructuring and impairment	5,509	7,595	7,733	12,246
Costs and expenses	109,561	127,406	216,395	248,197
Income from operations	13,567	12,317	27,762	24,910
Interest (expense) income, net	(8,705)	(8,917)	(18,369)	(17,574)
Foreign exchange (loss) gain	(885)	(307)	92	(1,185)
Equity in subsidiaries income	0	0	0	0
Dividend income	0		0
Income before provision for income taxes	3,977	3,093	9,485	6,151
Benefit (provision) for income taxes	(4,680)	(2,329)	(8,454)	(4,222)
Net (loss) income	(703)	764	1,031	1,929
Comprehensive income (loss)	6,704	2,278	(22,693)	1,520
Parent
Condensed Income Statements, Captions [Line Items]
Net Sales	0	0	0	0
Costs and expenses:
Cost of products sold	19	(450)	(328)	(869)
Selling	271	193	539	306
General and administrative	2,055	2,264	4,882	4,149
Research and development	241	259	472	535
Restructuring and impairment	313	122	8,266	103
Costs and expenses	2,899	2,388	13,831	4,224
Income from operations	(2,899)	(2,388)	(13,831)	(4,224)
Interest (expense) income, net	(9,292)	(8,461)	(18,691)	(16,704)
Foreign exchange (loss) gain	(370)	(191)	(157)	(204)
Equity in subsidiaries income	6,759	11,615	28,428	23,346
Dividend income	5,387		6,087
Income before provision for income taxes	(415)	575	1,836	2,214
Benefit (provision) for income taxes	(288)	189	(805)	(285)
Net (loss) income	(703)	764	1,031	1,929
Comprehensive income (loss)	725	909	2,356	2,488
Total Guarantors
Condensed Income Statements, Captions [Line Items]
Net Sales	41,587	47,681	84,438	90,837
Costs and expenses:
Cost of products sold	27,544	32,729	56,922	62,728
Selling	5,049	5,197	9,850	10,265
General and administrative	1,469	1,950	2,881	4,469
Research and development	1,194	1,147	2,390	2,265
Restructuring and impairment	140	507	315	745
Costs and expenses	35,396	41,530	72,358	80,472
Income from operations	6,191	6,151	12,080	10,365
Interest (expense) income, net	973	1,369	2,133	2,764
Foreign exchange (loss) gain	(94)	27	(235)	(54)
Equity in subsidiaries income	4,926	3,127	11,549	9,003
Dividend income	0		0
Income before provision for income taxes	11,996	10,674	25,527	22,078
Benefit (provision) for income taxes	(43)	(45)	(72)	(78)
Net (loss) income	11,953	10,629	25,455	22,000
Comprehensive income (loss)	11,928	10,559	26,071	21,658
Total Non Guarantors
Condensed Income Statements, Captions [Line Items]
Net Sales	90,149	101,562	176,657	200,827
Costs and expenses:
Cost of products sold	54,624	61,573	106,304	122,305
Selling	11,109	13,598	22,367	26,596
General and administrative	8,521	10,193	18,127	20,585
Research and development	457	638	992	1,190
Restructuring and impairment	5,056	6,966	(848)	11,398
Costs and expenses	79,767	92,968	146,942	182,074
Income from operations	10,382	8,594	29,715	18,753
Interest (expense) income, net	(386)	(1,825)	(1,811)	(3,634)
Foreign exchange (loss) gain	(421)	(143)	484	(927)
Equity in subsidiaries income	0	0	0	0
Dividend income	0		0
Income before provision for income taxes	9,575	6,626	28,388	14,192
Benefit (provision) for income taxes	(4,349)	(2,473)	(7,577)	(3,859)
Net (loss) income	5,226	4,153	20,811	10,333
Comprehensive income (loss)	11,230	5,592	(4,854)	9,707
Other Eliminations
Condensed Income Statements, Captions [Line Items]
Net Sales	(8,608)	(9,520)	(16,938)	(18,557)
Costs and expenses:
Cost of products sold	(8,501)	(9,480)	(16,736)	(18,573)
Selling	0	0	0	0
General and administrative	0	0	0	0
Research and development	0	0	0	0
Restructuring and impairment	0	0	0	0
Costs and expenses	(8,501)	(9,480)	(16,736)	(18,573)
Income from operations	(107)	(40)	(202)	16
Interest (expense) income, net	0	0	0	0
Foreign exchange (loss) gain	0	0	0	0
Equity in subsidiaries income	(11,685)	(14,742)	(39,977)	(32,349)
Dividend income	(5,387)		(6,087)
Income before provision for income taxes	(17,179)	(14,782)	(46,266)	(32,333)
Benefit (provision) for income taxes	0	0	0	0
Net (loss) income	(17,179)	(14,782)	(46,266)	(32,333)
Comprehensive income (loss)	$ (17,179)	$ (14,782)	$ (46,266)	$ (32,333)

Supplemental Guarantor Financ51

Supplemental Guarantor Financial Information - Consolidating Statement of Cash Flows (Unaudited) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating activities
Net (loss) income	$ (703)	$ 764	$ 1,031	$ 1,929
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock-based compensation			1,626	1,149
Depreciation			14,259	16,767
Amortization of intangibles			158	819
Deferred financing cost amortization			1,771	1,467
Foreign exchange gain on revaluation of debt			(915)	(737)
Deferred taxes			1,607	(950)
Loss on disposition of property and equipment			28	28
Provision for doubtful accounts			178	199
Undistributed equity in earnings of subsidiaries			0	0
Change in assets and liabilities which provided (used) cash:
Accounts receivable			(156)	(4,063)
Inventories			1,985	(7,066)
Prepaid expenses			(1,241)	584
Other current assets			(1,006)	639
Accounts payable and accrued expenses			662	897
Deferred and other long-term liabilities			(5,316)	(2,747)
Intercompany loans			0	0
Net cash provided by operating activities			14,671	8,915
Investing activities
Capital expenditures			(27,914)	(22,469)
Intercompany property and equipment transfers, net			0	0
Proceeds from disposals of property and equipment			62	124
Net cash used in investing activities			(27,852)	(22,345)
Financing activities
Proceeds from borrowings			42,985	23,551
Principal payments on debt			(30,274)	(19,308)
Dividends paid			0
Payment of obligations under capital leases			(557)	(446)
Payment of financing fees			(27)	(926)
Intercompany loans			0	0
Other financing activities			0
Net cash provided by financing activities			12,127	2,871
Effect of exchange rate changes on cash flows			760	(201)
Net decrease in cash			(294)	(10,760)
Cash and cash equivalents at beginning of period			9,517	25,716
Cash and cash equivalents at end of period	9,223	14,956	9,223	14,956
Parent
Operating activities
Net (loss) income	(703)	764	1,031	1,929
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock-based compensation			1,476	1,033
Depreciation			732	452
Amortization of intangibles			0	0
Deferred financing cost amortization			1,723	1,457
Foreign exchange gain on revaluation of debt			(915)	(737)
Deferred taxes			661	220
Loss on disposition of property and equipment			0	0
Provision for doubtful accounts			0	0
Undistributed equity in earnings of subsidiaries			(28,428)	(23,346)
Change in assets and liabilities which provided (used) cash:
Accounts receivable			9	(142)
Inventories			0	0
Prepaid expenses			(424)	1,246
Other current assets			0	514
Accounts payable and accrued expenses			(1,402)	(3,624)
Deferred and other long-term liabilities			(9)	(196)
Intercompany loans			(8,586)	(15,307)
Net cash provided by operating activities			(34,132)	(36,501)
Investing activities
Capital expenditures			(5,426)	(6,784)
Intercompany property and equipment transfers, net			1	9,904
Proceeds from disposals of property and equipment			0	0
Net cash used in investing activities			(5,425)	3,120
Financing activities
Proceeds from borrowings			25,744	23,576
Principal payments on debt			(23,209)	(19,308)
Dividends paid			0
Payment of obligations under capital leases			(323)	(255)
Payment of financing fees			(54)	(926)
Intercompany loans			32,142	27,112
Other financing activities			5,500
Net cash provided by financing activities			39,800	30,199
Effect of exchange rate changes on cash flows			0	0
Net decrease in cash			243	(3,182)
Cash and cash equivalents at beginning of period			605	4,120
Cash and cash equivalents at end of period	848	938	848	938
Total Guarantors
Operating activities
Net (loss) income	11,953	10,629	25,455	22,000
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock-based compensation			0	0
Depreciation			3,496	3,720
Amortization of intangibles			137	768
Deferred financing cost amortization			0	0
Foreign exchange gain on revaluation of debt			0	0
Deferred taxes			0	0
Loss on disposition of property and equipment			25	23
Provision for doubtful accounts			48	34
Undistributed equity in earnings of subsidiaries			(11,549)	(9,003)
Change in assets and liabilities which provided (used) cash:
Accounts receivable			1,390	(327)
Inventories			(310)	(231)
Prepaid expenses			(436)	(1,285)
Other current assets			41	(461)
Accounts payable and accrued expenses			(1,287)	1,117
Deferred and other long-term liabilities			691	(127)
Intercompany loans			(6,093)	2,800
Net cash provided by operating activities			11,608	19,028
Investing activities
Capital expenditures			(3,681)	(2,597)
Intercompany property and equipment transfers, net			191	6
Proceeds from disposals of property and equipment			26	36
Net cash used in investing activities			(3,464)	(2,555)
Financing activities
Proceeds from borrowings			0	0
Principal payments on debt			0	0
Dividends paid			(6,085)
Payment of obligations under capital leases			(226)	(191)
Payment of financing fees			0	0
Intercompany loans			(1,825)	(16,280)
Net cash provided by financing activities			(8,136)	(16,471)
Effect of exchange rate changes on cash flows			1	(1)
Net decrease in cash			9	1
Cash and cash equivalents at beginning of period			(14)	(10)
Cash and cash equivalents at end of period	(5)	(9)	(5)	(9)
Total Non Guarantors
Operating activities
Net (loss) income	5,226	4,153	20,811	10,333
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock-based compensation			150	116
Depreciation			10,031	12,595
Amortization of intangibles			21	51
Deferred financing cost amortization			48	10
Foreign exchange gain on revaluation of debt			0	0
Deferred taxes			946	(1,170)
Loss on disposition of property and equipment			3	5
Provision for doubtful accounts			130	165
Undistributed equity in earnings of subsidiaries			0	0
Change in assets and liabilities which provided (used) cash:
Accounts receivable			(1,555)	(3,594)
Inventories			2,093	(6,819)
Prepaid expenses			(381)	623
Other current assets			(1,047)	586
Accounts payable and accrued expenses			3,351	3,404
Deferred and other long-term liabilities			(5,998)	(2,424)
Intercompany loans			14,679	12,507
Net cash provided by operating activities			43,282	26,388
Investing activities
Capital expenditures			(18,807)	(13,088)
Intercompany property and equipment transfers, net			(192)	(9,910)
Proceeds from disposals of property and equipment			36	88
Net cash used in investing activities			(18,963)	(22,910)
Financing activities
Proceeds from borrowings			17,241	(25)
Principal payments on debt			(7,065)	0
Dividends paid			(2)
Payment of obligations under capital leases			(8)	0
Payment of financing fees			27	0
Intercompany loans			(30,317)	(10,832)
Other financing activities			(5,500)
Net cash provided by financing activities			(25,624)	(10,857)
Effect of exchange rate changes on cash flows			759	(200)
Net decrease in cash			(546)	(7,579)
Cash and cash equivalents at beginning of period			8,926	21,606
Cash and cash equivalents at end of period	8,380	14,027	8,380	14,027
Other Eliminations
Operating activities
Net (loss) income	(17,179)	(14,782)	(46,266)	(32,333)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Stock-based compensation			0	0
Depreciation			0	0
Amortization of intangibles			0	0
Deferred financing cost amortization			0	0
Foreign exchange gain on revaluation of debt			0	0
Deferred taxes			0	0
Loss on disposition of property and equipment			0	0
Provision for doubtful accounts			0	0
Undistributed equity in earnings of subsidiaries			39,977	32,349
Change in assets and liabilities which provided (used) cash:
Accounts receivable			0	0
Inventories			202	(16)
Prepaid expenses			0	0
Other current assets			0	0
Accounts payable and accrued expenses			0	0
Deferred and other long-term liabilities			0	0
Intercompany loans			0	0
Net cash provided by operating activities			(6,087)	0
Investing activities
Capital expenditures			0	0
Intercompany property and equipment transfers, net			0	0
Proceeds from disposals of property and equipment			0	0
Net cash used in investing activities			0	0
Financing activities
Proceeds from borrowings			0	0
Principal payments on debt			0	0
Dividends paid			6,087
Payment of obligations under capital leases			0	0
Payment of financing fees			0	0
Intercompany loans			0	0
Net cash provided by financing activities			6,087	0
Effect of exchange rate changes on cash flows			0	0
Net decrease in cash			0	0
Cash and cash equivalents at beginning of period			0	0
Cash and cash equivalents at end of period	$ 0	$ 0	$ 0	$ 0