Xerium (XRM) 10-Q 31 Jul 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
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		16,341,266

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 11,059	$ 12,808
Accounts receivable, net	76,245	68,667
Inventories, net	76,497	70,822
Prepaid expenses	6,892	6,325
Other current assets	17,022	15,784
Total current assets	187,715	174,406
Property and equipment, net	284,884	284,101
Goodwill	60,598	56,783
Intangible assets	7,426	7,330
Non-current deferred tax asset	12,776	10,737
Other assets	8,105	8,556
Total assets	561,504	541,913
Current liabilities:
Notes payable	7,837	7,328
Accounts payable	37,989	36,158
Accrued expenses	65,144	64,532
Current maturities of long-term debt	10,780	8,600
Total current liabilities	121,750	116,618
Long-term debt, net of current maturities	479,773	472,923
Liabilities under capital leases	17,464	19,236
Non-current deferred tax liability	8,661	7,157
Pension, other post-retirement and post-employment obligations	64,217	65,026
Other long-term liabilities	8,671	7,858
Commitments and contingencies
Stockholders’ deficit
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares outstanding as of June 30, 2017 and December 31, 2016	0	0
Common stock, $0.001 par value, 20,000,000 shares authorized; 16,341,266 and 16,152,946 shares outstanding as of June 30, 2017 and December 31, 2016, respectively	16	16
Paid-in capital	432,036	430,823
Accumulated deficit	(449,311)	(443,066)
Accumulated other comprehensive loss	(121,773)	(134,678)
Total stockholders’ deficit	(139,032)	(146,905)
Total liabilities and stockholders’ deficit	$ 561,504	$ 541,913

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
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)	16,341,266	16,152,946

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net Sales	$ 120,339	$ 123,973	$ 240,205	$ 238,938
Costs and expenses:
Cost of products sold	71,454	75,782	143,824	147,210
Selling	15,936	15,735	31,610	31,456
General and administrative	15,460	13,427	28,114	24,934
Research and development	1,666	1,545	3,410	3,486
Restructuring	874	2,777	4,038	5,609
Costs and expenses	105,390	109,266	210,996	212,695
(Loss) income from operations	14,949	14,707	29,209	26,243
Interest expense, net	(13,281)	(10,658)	(26,544)	(20,999)
Loss on extinguishment of debt	(7)	0	(32)	0
Foreign exchange loss	(1,246)	(72)	(2,371)	(47)
Income before provision for income taxes	415	3,977	262	5,197
Provision for income taxes	(3,826)	(1,867)	(6,507)	(4,532)
Net (loss) income	(3,411)	2,110	(6,245)	665
Comprehensive (loss) income	$ (146)	$ 6,508	$ 6,660	$ 13,881
Net (loss) income per share:
Basic (in dollars per share)	$ (0.21)	$ 0.13	$ (0.39)	$ 0.04
Diluted (in dollars per share)	$ (0.21)	$ 0.13	$ (0.39)	$ 0.04
Shares used in computing net (loss) income per share:
Basic (in shares)	16,262,867	15,995,071	16,208,293	15,891,309
Diluted (in shares)	16,262,867	16,619,082	16,208,293	16,787,087

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net (loss) income	$ (6,245)	$ 665
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Stock-based compensation	2,046	1,426
Depreciation	15,662	16,082
Amortization of intangible assets	546	304
Deferred financing cost amortization	1,810	1,542
Foreign exchange loss on revaluation of debt	534	151
Deferred taxes	312	(797)
Asset impairment	55	0
(Gain) loss on disposition of property and equipment	(85)	78
Loss on extinguishment of debt	32	0
Provision (benefit) for doubtful accounts	142	(16)
Change in assets and liabilities which (used) provided cash:
Accounts receivable	(5,400)	1,003
Inventories	(3,213)	2,353
Prepaid expenses	(441)	(851)
Other current assets	(1,179)	71
Accounts payable and accrued expenses	528	(5,413)
Deferred and other long-term liabilities	(2,106)	533
Net cash provided by operating activities	2,998	17,131
Investing activities
Capital expenditures	(8,517)	(5,972)
Proceeds from disposals of property and equipment	290	117
Acquisition costs	0	(16,225)
Net cash used in investing activities	(8,227)	(22,080)
Financing activities
Proceeds from borrowings	66,578	39,864
Principal payments on debt	(59,282)	(29,703)
Payment of financing fees	(393)	(24)
Payment of obligations under capital leases	(2,794)	(1,726)
Employee taxes paid on equity awards	(832)	(1,031)
Net cash provided by financing activities	3,277	7,380
Effect of exchange rate changes on cash flows	203	(1,679)
Net (decrease) increase in cash	(1,749)	752
Cash and cash equivalents at beginning of period	12,808	9,839
Cash and cash equivalents at end of period	$ 11,059	$ 10,591

Description of Business and Sig

Description of Business and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
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 consumable products and services including machine clothing, roll coverings, roll repair and mechanical services. These goods and services are 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, Latin America and Asia-Pacific. Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements at June 30, 2017 and for the three and six months ended June 30, 2017 and 2016 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 condensed consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2016 as reported on the Company's Annual Report on Form 10-K filed on March 1, 2017. 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, 2017 December 31, 2016 Raw materials $ 14,791 $ 14,089 Work in process 27,486 25,879 Finished goods (includes consigned inventory of $7,580 at June 30, 2017 and $6,673 at December 31, 2016) 40,963 37,155 Inventory allowances (6,743 ) (6,301 ) $ 76,497 $ 70,822 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 three and six months ended June 30, 2017 , 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, 2017 . 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, 2017 and 2016 : Beginning Balance Charged to Cost of Sales Effect of Foreign Currency Translation Deduction from Reserves Ending Balance Six Months Ended June 30, 2017: $ 2,203 $ 271 $ 29 $ (501 ) $ 2,002 Six Months Ended June 30, 2016: $ 2,175 $ 796 $ 56 $ (431 ) $ 2,596 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, 2017 and 2016 , 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, 2017 2016 2017 2016 Weighted-average common shares outstanding–basic 16,262,867 15,995,071 16,208,293 15,891,309 Dilutive effect of stock-based compensation awards outstanding — 624,011 — 895,778 Weighted-average common shares outstanding–diluted 16,262,867 16,619,082 16,208,293 16,787,087 The following table sets forth the aggregate of the dilutive securities that were outstanding in the three and six months ended June 30, 2017 and 2016 , 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, 2017 2016 2017 2016 Anti-dilutive securities 988,100 637,621 988,100 365,854 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. For the three and six months ended June 30, 2017 and 2016 , the Company had no impairment charges included in restructuring expense. New Accounting Pronouncements In May 2017, the FASB issued Accounting Standards Update No 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in ASU 2017-09 are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for (1) public business entities for reporting periods for which financial statements have not yet been issued and (2) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied prospectively to an award modified on or after the adoption date. The Company is in the process of evaluating this accounting standard update. In March 2017, the FASB issued Accounting Standards Update No 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"). ASU 2017-07 will change how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit cost in the income statement. Employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Employers will present the other components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. The guidance is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods therein. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The guidance provides a practical expedient for disaggregating the service cost component and other components for comparative periods. The Company is in the process of evaluating this accounting standard update. In January 2017, the FASB issued Accounting Standards Update No 2017-04, Intangibles—Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under Accounting Standards Codification (ASC) 350. The FASB issued new guidance that eliminates the requirement to calculate the implied fair value of goodwill (i.e., Step 2 of today’s goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value (i.e., measure the charge based on today’s Step 1). The standard has tiered effective dates, starting in 2020 for calendar-year public business entities that meet the definition of an SEC filer. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is in the process of evaluating this accounting standard update. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"). ASU 2016-16 eliminates the exception to the principle in ASC 740, for all intra-entity sales of assets other than inventory, to be deferred, until the transferred asset is sold to a third party or otherwise recovered through use. This standard is effective for financial statements issued for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. In August 2016, the FASB issued Accounting Standards Update No 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15"). ASU 2016-15 clarifies how entities should classify certain cash receipts and cash payments in the statement of cash flows and amends certain disclosure requirements of ASC 230. The guidance will generally be applied retrospectively and is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those years. For all other entities, it is effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The Company is in the process of evaluating this accounting standard update. In February of 2016, the FASB issued Accounting Standards Update No 2016-02 Leases ("ASU 2016-02"). ASU 2016-02 includes final guidance that requires lessees to put most leases on their balance sheets but recognize expenses in the income statement in a manner similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. For lessors, the standard modifies the classification criteria and the accounting for sales-type and direct financing leases. All entities will classify leases to determine how to recognize lease-related revenue and expense. Classification will continue to affect amounts that lessors record on the balance sheet. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. They have the option to use certain relief. Full retrospective application is prohibited. ASU 2016-02 is effective for public companies with annual periods beginning after December 15, 2018, and interim periods within those years. For all other entities, it is effective for annual periods beginning after December 15, 2019, and interim periods the following year. Early adoption is permitted for all entities. The Company is in the process of evaluating this accounting standard update. 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 has commenced a comprehensive project plan to direct the implementation of the new revenue recognition standards and an assessment of the impact to business processes. The Company has completed an initial contract assessment on a sample of contracts and analyzed the Company's contract portfolio. In addition, the Company is finalizing the accounting positions under ASU 2014-09 and is assessing the potential changes to internal controls. The Company intends to adopt the new standard using the modified retrospective transition method effective January 1, 2018.

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions On May 4, 2016, the Company acquired certain assets and liabilities of JJ Plank Corporation/Spencer Johnston (“Spencer Johnston”), a spreader roll company headquartered in Neenah, Wisconsin for an adjusted purchase price of $17.6 million . This acquisition expands the Company's current rolls product offerings, service capabilities and markets served, strengthens its financial profile and grows its customer base. The Company acquired all of the assets and assumed certain liabilities of Spencer Johnston. The adjusted purchase price of $17.6 million resulted in a final purchase price allocation of net assets acquired other than goodwill of $15.7 million and goodwill of $1.9 million . All of the goodwill is allocated to the Rolls Covers business segment. Goodwill represents the excess purchase price over the fair values of assets acquired and liabilities assumed. The goodwill was generated by the synergies the transaction provides.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Jun. 30, 2017
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, 2017 , the Company had no interest rate derivatives. 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 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, 2017 and December 31, 2016 , 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, 2017 and December 31, 2016 and the change in fair value included in foreign exchange loss in the three and six months ended June 30, 2017 and 2016 : June 30, 2017 December 31, 2016 Fair value of derivative liability $ (836 ) $ (1,461 ) Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 Change in fair value of derivative included in foreign exchange loss $ (1,169 ) $ (1,101 ) Six Months Ended June 30, 2017 Six Months Ended June 30, 2016 Change in fair value of derivative included in foreign exchange (loss) gain $ (1,023 ) $ 69 The following represents the notional amounts of foreign exchange forward contracts at June 30, 2017 : Notional Sold Notional Purchased Non-designated hedges of foreign exchange risk $ 20,864 $ (24,096 ) 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, 2017
Debt Disclosure [Abstract]
Long term Debt	Long term Debt At June 30, 2017 and December 31, 2016 , long term debt consisted of the following: June 30, 2017 December 31, 2016 Notes (Secured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 9.50%. Sold at a price equal to 98.54% of their face value. Matures August of 2021. $ 480,000 $ 480,000 Notes payable, working capital loan, variable interest rate at 1.60%. Matures June 30, 2017, with one-year rollover option. 7,837 7,328 Fixed asset loan contract, variable interest rate of 5.23%. Matures June of 2020. 6,789 7,511 Other debt 18,710 10,448 Total debt (excluding long-term capital leases and deferred finance fees) 513,336 505,287 Less deferred financing costs and debt discount (14,946 ) (16,436 ) Less current maturities of long term debt and notes payable (18,617 ) (15,928 ) Total long term debt $ 479,773 $ 472,923 On August 9, 2016, the Company closed on $480 million aggregate principal amount of 9.5% Senior Secured Notes due August 2021 (the "Notes"), which were sold at a price equal to 98.54% of their face value. The Notes will pay interest semi-annually in arrears on February 15 and August 15 of each year beginning on February 15, 2017 and will mature on August 15, 2021, unless earlier redeemed or repurchased. The Company used the net proceeds from the offering to repay all amounts outstanding under its then existing term loan credit facility, to redeem all of its 8.875% Senior Notes due 2018 at a redemption price equal to 102.219% of the principal amount thereof, together with accrued and unpaid interest, to the date of redemption, to pay fees and expenses relating to these transactions, and for working capital and other general corporate purposes. As of June 30, 2017 , an aggregate of $30.8 million is available for additional borrowings under the $55.0 million Revolving Credit and Guaranty Agreement ("ABL Facility"). This availability represents $39.7 million under the ABL revolver that is currently collateralized by certain assets of the Company, less $8.9 million of that facility committed for letters of credit or current borrowings. In addition, the Company had approximately $3.5 million available for borrowings under other small lines of credit. On May 17, 2013, the Company entered into a Credit and Guaranty Agreement for $200.0 million (increased to $230 million on August 18, 2016) 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. This facility was repaid with proceeds from the Notes. On May 17, 2013, 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 “old ABL Facility,” and collectively with the Term Credit Facility, the “Credit Facility”), increasing the aggregate availability under the old ABL Facility to $55 million . On November 3, 2015, the Company refinanced the old ABL Facility and entered into the ABL Facility with one of its existing ABL lenders. The amount of the ABL Facility continues to provide aggregate availability of $55 million and the collateral pledged thereunder has remained the same. The ABL Facility matures in November of 2020 and accrues interest at either an Alternative Base rate (Prime plus 75 bps) or Fixed LIBOR (LIBOR +175 bps). As of June 30, 2017 these rates were 5.00% and 3.00% , respectively. The Indenture and the ABL Facility contain certain customary covenants that, subject to exceptions, restrict our 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; • engage in mergers, acquisitions and asset sales; • transact with affiliates; and • engage in businesses that are not related to the Company's existing business. 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 was approximately 9.4 million USD on July 17, 2015. 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 current interest rate at June 30, 2017 is approximately 5.2% . 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. On May 26, 2011, the Company completed a refinancing transaction, which replaced certain of its then outstanding indebtedness with $240 million aggregate principal amount of 8.875% senior unsecured notes. The notes were repaid with proceeds from the 9.5% Senior Secured Notes. As of June 30, 2017 , the carrying value of the Company’s debt was $507.5 million (excluding deferred financing costs and long-term capitalized lease liabilities) and its fair value was approximately $545.7 million . The Company determined the fair value of its debt utilizing significant other observable inputs (Level 2 of the fair value hierarchy) based on the quoted market prices for the same issues or on the current rates offered for debt of similar remaining maturities. Long-term Capitalized Lease Liabilities As of June 30, 2017 and December 31, 2016 , the Company had long-term capitalized lease liabilities totaling $17.5 million and $19.2 million , respectively. These amounts represent the lease on the corporate headquarters and the Kunshan, China facility, as well as other leases for software, vehicles and machinery and equipment.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
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, 2017 , the provision for income taxes was $3.8 million and $6.5 million , respectively, as compared to $1.9 million and $ 4.5 million for the three and six months ended June 30, 2016 , respectively. The increase in tax expense in the three and six months ended June 30, 2017 was primarily attributable to the geographic mix of earnings, as well as a reduction in tax benefits allocated to continuing operations and non-recurring tax benefits in 2016 from interest deductions in Brazil. 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 35.0% ; 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. The most material unrecognized deferred tax asset relates to the U.S. By 2029, future U.S. earnings ranging between $40 million and $130 million , generated by U.S. earnings from continuing operations or qualified tax planning strategies, would be required in order to fully recognize the U.S. deferred tax asset. Historic and future ownership changes could potentially reduce the amount of net operating loss carry-forwards available for use. As of June 30, 2017 , the Company had a gross amount of unrecognized tax benefit of $10.0 million , exclusive of interest and penalties. The unrecognized tax benefit increased by approximately $0.7 million during the six months ended June 30, 2017 , as a result of new positions related to the current year and foreign currency effects. The Company’s policy is to recognize interest and penalties related to income tax matters as income tax expense, which were $0.0 million and $0.4 million related to the unrecognized tax benefits for the three and six months ended June 30, 2017 . The tax years 2007 through 2016 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, 2017
Retirement Benefits [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. Curtailment accounting was triggered with the June 30, 2016 freeze of a North America rolls plant's pension plan. As a result, a curtailment gain was recorded in the second quarter of 2016 in the amount of $2.7 million , as a reduction to pension liability and a decrease to other comprehensive loss. 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, 2017 2016 2017 2016 Service cost $ 320 $ 418 $ 696 $ 823 Interest cost 1,079 1,531 2,346 3,016 Expected return on plan assets (1,273 ) (1,596 ) (2,769 ) (3,144 ) Amortization of net loss 501 575 1,091 1,133 Net periodic benefit cost $ 627 $ 928 $ 1,364 $ 1,828

Comprehensive Income and Accumu

Comprehensive Income and Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Comprehensive Income and Accumulated Other Comprehensive Loss	Comprehensive Income and Accumulated Other Comprehensive Loss Comprehensive income for the three and six months ended June 30, 2017 (net of tax expense of $112 thousand and $221 thousand ) and 2016 (net of a tax expense of $671 thousand and $738 thousand ) is as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net (loss) income $ (3,411 ) $ 2,110 $ (6,245 ) $ 665 Foreign currency translation adjustments 3,250 1,268 13,015 9,728 Pension liability changes under Topic 715 15 3,130 (110 ) 3,488 Comprehensive (loss) income $ (146 ) $ 6,508 $ 6,660 $ 13,881 Included in foreign currency translation adjustments are foreign currency (losses) gains on intercompany transactions that are considered a long-term investment totaling ($1.3) million and ($2.1) million for the three and six months ended June 30, 2017 , respectively, and $1.2 million and $2.2 million for the three and six months ended June 30, 2016 , respectively. The components of accumulated other comprehensive loss for the three months ended June 30, 2017 are as follows (net of tax benefits of $5.8 million ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Accumulated Other Comprehensive (Loss) Income Balance at March 31, 2017 $ (85,467 ) $ (39,571 ) $ (125,038 ) Other comprehensive income (loss) before reclassifications 3,250 (486 ) 2,764 Amounts reclassified from other comprehensive loss: Amortization of actuarial losses — 501 501 Net current period other comprehensive income 3,250 15 3,265 Balance at June 30, 2017 $ (82,217 ) $ (39,556 ) $ (121,773 ) The components of accumulated other comprehensive loss for the six months ended June 30, 2017 are as follows (net of tax benefits of $5.8 million ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2016 $ (95,232 ) $ (39,446 ) $ (134,678 ) Other comprehensive (loss) income before reclassifications 13,015 (1,201 ) 11,814 Amounts reclassified from other comprehensive loss Amortization of actuarial losses — 1,091 1,091 Net current period other comprehensive income (loss) 13,015 (110 ) 12,905 Balance at June 30, 2017 $ (82,217 ) $ (39,556 ) $ (121,773 ) For the three and six months ended June 30, 2017 , the amortization of actuarial losses is included in cost of products sold and general and administrative expenses in the Consolidated Statements of Operations.

Restructuring Expense

Restructuring Expense	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring Expense	Restructuring Expense For the six months ended June 30, 2017 , the Company incurred restructuring expenses of $ 4.0 million relating to headcount reductions and other costs related to previous plant closures. For the six months ended June 30, 2016 , the Company incurred restructuring expenses of $5.6 million . These included $1.2 million of charges related to the closure of the Middletown, Va. facility and $4.4 million of charges relating to headcount reductions and other costs related to previous plant closures. 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, 2017 and 2016 : Balance at December 31, 2016 Charges Currency Cash Balance at Severance and other benefits $ 3,805 $ 2,626 $ 311 $ (3,316 ) $ 3,426 Facility costs and other 392 1,412 32 (1,581 ) 255 Total $ 4,197 $ 4,038 $ 343 $ (4,897 ) $ 3,681 Balance at December 31, 2015 Charges Currency Cash Balance at Severance and other benefits $ 5,308 $ 3,416 $ 58 $ (3,681 ) $ 5,101 Facility costs and other 903 2,193 10 (2,797 ) 309 Total $ 6,211 $ 5,609 $ 68 $ (6,478 ) $ 5,410 Restructuring and impairment expense by segment, which is not included in Segment Earnings in Note 9, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Clothing $ 162 $ 1,674 $ 2,638 $ 3,126 Roll Covers 681 950 1,308 1,841 Corporate 31 153 92 642 Total $ 874 $ 2,777 $ 4,038 $ 5,609

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2017
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 or other materials along the length of papermaking or other industrial machines. The roll covers segment primarily represents the manufacture and refurbishment of covers used on the steel rolls of papermaking or manufacturing machines and the servicing of those rolls. The Company manages each of these operating segments separately. Management evaluates segment performance based on adjusted 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, 2017 and 2016 . Clothing Roll Corporate Total Three months ended June 30, 2017 Net Sales $ 72,425 $ 47,914 $ — $ 120,339 Segment Earnings (Loss) $ 20,906 $ 10,566 $ (4,292 ) $ 27,180 Three months ended June 30, 2016 Net Sales $ 74,819 $ 49,154 $ — $ 123,973 Segment Earnings (Loss) $ 21,186 $ 10,594 $ (4,088 ) $ 27,692 Six months ended June 30, 2017 Net Sales $ 144,920 $ 95,285 $ — $ 240,205 Segment Earnings (Loss) $ 41,704 $ 20,361 $ (8,329 ) $ 53,736 Six months ended June 30, 2016 Net Sales $ 146,156 $ 92,782 $ — $ 238,938 Segment Earnings (Loss) $ 39,803 $ 19,786 $ (7,995 ) $ 51,594 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, 2017 and 2016 , respectively. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment Earnings (Loss): Clothing $ 20,906 $ 21,186 $ 41,704 $ 39,803 Roll Covers 10,566 10,594 20,361 19,786 Corporate (4,292 ) (4,088 ) (8,329 ) (7,995 ) Stock-based compensation (328 ) (834 ) (859 ) (1,426 ) CEO transition expense (3,039 ) — (3,039 ) — Interest expense, net (13,281 ) (10,658 ) (26,544 ) (20,999 ) Depreciation and amortization (8,115 ) (8,392 ) (16,208 ) (16,386 ) Loss on extinguishment of debt (7 ) — (32 ) — Restructuring expense (874 ) (2,777 ) (4,038 ) (5,609 ) Other non-recurring expense (69 ) (433 ) (114 ) (668 ) Plant startup costs (166 ) (539 ) (646 ) (1,285 ) Unrealized foreign exchange loss (886 ) (82 ) $ (1,994 ) $ (24 ) Income before provision for income taxes $ 415 $ 3,977 $ 262 $ 5,197

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
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, 2017 , 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, 2017
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, 2017 and June 30, 2016 as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 RSU, Options and DSU Awards (1) $ 1,515 $ 834 $ 2,046 $ 1,426 (1) Related to RSUs, Options and DSUs awarded to certain employees and non-employee directors. Q2 2017 includes approx. $1.2 million of expense related to the accelerated vesting on RSU's upon CEO transition. Upon transition 146,134 shares were issued to the former CEO. Summary of Activity Under Long-term Incentive Plans Long-Term Incentive Program - 2017 LTIP On May 30, 2017, the Board of Directors approved the 2017 - 2019 Long-Term Incentive Plan (the "2017 LTIP") which provides for the grant of incentive award opportunities (each, an "Award") payable, if earned, in cash. Because any Award under the 2017 LTIP will be paid in cash, and not equity, the Awards granted under the 2017 LTIP are not made pursuant to the Xerium Technologies, Inc. 2010 Equity Incentive Plan (the "EIP"). Awards will consist of Phantom Stock Units. Each Phantom Stock Unit represents the right to receive a cash amount equal to the Average Value of one share of common stock of the Company as described below: • 125,535 Time-based awards, or 50% of the total target award for each participant, have been granted in the form of time-based units. The time-based units vest on the third anniversary of the date of grant. • 125,535 Performance-based awards, or 50% of the total target award for each participant, have been granted in the form of performance-based units. Of these units, one half will vest based on the financial performance of the Company as measured by Adjusted EBITDA, and one half will vest based on the Return on Net Assets (as defined in the 2017 LTIP) of the Company. Half of the performance-based units whose vesting is subject to the financial performance of the Company 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, 2017 through December 31, 2019. The amount of units that vest will range from 50% to 200% of the employee's total units. Half of the performance-based units whose vesting is subject to the financial performance of the Company will vest based on the degree to which the Company achieves an average three-year Return on Net Assets metric over the performance period of January 1, 2017 through December 31, 2019. The amount of units that vest will range from 50% to 200% of the employee's total units. Long-Term Incentive Program—2015 LTIP and 2014 LTIP During the six months ended June 30, 2016, the Company performed a valuation on the market-based stock units and estimated payout to be at 0% under both the 2015 and 2014 LTIP plans, reducing stock-based compensation by $0.2 million . Awards under the 2014 LTIP vested on May 8, 2017, and were converted to 13,829 shares of common stock, net of withholdings. 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 thousand , to be paid on a quarterly basis in arrears. Approximately 54% of the annual retainer is payable in DSUs, with the remaining 46% payable in cash or a mix of both cash and DSUs at the election of each director. The non-management directors were awarded an aggregate of 33,619 DSUs under the 2011 DSU Plan for service during the six months ended June 30, 2017 . In addition, in accordance with the 2011 DSU Plan, as amended in January of 2015, 28,357 DSUs were settled in common stock during the six months ended June 30, 2017 . CEO Restricted Stock Unit Award On June 2, 2017, the Company filed a Registration Statement on Form S-8 for the purpose of registering 600,000 shares of its common stock reserved for issuance in accordance with an Inducement Restricted Stock Unit Award Agreement between the Company and Mark Staton in connection with his appointment as the Company's President and Chief Executive Officer on April 28, 2017. The Inducement Restricted Stock Unit Award Agreement provides Mr. Staton with the opportunity to earn up to 600,000 shares of the Company’s common stock if its stock price attains certain levels within certain time periods, subject to his continued employment with the Company. No compensation expense related to this agreement has been recorded during the six months ended June 30, 2017 .

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Guarantor Financial Information	Supplemental Guarantor Financial Information On August 9, 2016, the Company closed on the sale of its Notes. The Notes are secured obligations of the Company and are fully and unconditionally guaranteed on a senior secured 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, 2017 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 1,354 $ 11 $ 9,694 $ — $ 11,059 Accounts receivable, net 28 22,504 53,713 — 76,245 Intercompany receivables (432,298 ) 439,804 (7,506 ) — — Inventories, net — 17,846 59,805 (1,154 ) 76,497 Prepaid expenses 1,448 (7 ) 5,451 — 6,892 Other current assets — 3,819 13,203 — 17,022 Total current assets (429,468 ) 483,977 134,360 (1,154 ) 187,715 Property and equipment, net 7,744 64,583 212,557 — 284,884 Investments 884,512 252,120 — (1,136,632 ) — Goodwill — 19,614 40,984 — 60,598 Intangible assets — 6,774 652 — 7,426 Non-current deferred tax asset — — 12,776 — 12,776 Other assets — — 8,105 — 8,105 Total assets $ 462,788 $ 827,068 $ 409,434 $ (1,137,786 ) $ 561,504 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Notes payable $ — $ — $ 7,837 $ — $ 7,837 Accounts payable 1,323 12,082 24,584 — 37,989 Accrued expenses 25,597 8,115 31,432 — 65,144 Current maturities of long-term debt 2,229 2,522 6,029 — 10,780 Total current liabilities 29,149 22,719 69,882 — 121,750 Long-term debt, net of current maturities 471,586 — 8,187 — 479,773 Liabilities under capital leases 4,908 3,686 8,870 — 17,464 Non-current deferred tax liability 1,197 — 7,464 — 8,661 Pension, other post-retirement and post-employment obligations 19,618 1,100 43,499 — 64,217 Other long-term liabilities — 1,250 7,421 — 8,671 Intercompany loans 61,190 (100,114 ) 38,924 — — Total stockholders’ (deficit) equity (124,860 ) 898,427 225,187 (1,137,786 ) (139,032 ) Total liabilities and stockholders’ (deficit) equity $ 462,788 $ 827,068 $ 409,434 $ (1,137,786 ) $ 561,504 Xerium Technologies, Inc. Consolidating Balance Sheet At December 31, 2016 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 1,368 $ 279 $ 11,161 $ — $ 12,808 Accounts receivable, net 70 18,787 49,810 — 68,667 Intercompany receivables (410,370 ) 419,192 (8,822 ) — — Inventories, net — 17,356 54,577 (1,111 ) 70,822 Prepaid expenses 545 395 5,385 — 6,325 Other current assets — 3,842 11,942 — 15,784 Total current assets (408,387 ) 459,851 124,053 (1,111 ) 174,406 Property and equipment, net 8,393 67,794 207,914 — 284,101 Investments 869,508 211,897 — (1,081,405 ) — Goodwill — 19,614 37,169 — 56,783 Intangible assets — 7,265 65 — 7,330 Non-current deferred tax asset — — 10,737 — 10,737 Other assets — — 8,556 — 8,556 Total assets $ 469,514 $ 766,421 $ 388,494 $ (1,082,516 ) $ 541,913 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Notes payable $ — $ — $ 7,328 $ — $ 7,328 Accounts payable 2,279 10,307 23,572 — 36,158 Accrued expenses 26,495 8,659 29,378 — 64,532 Current maturities of long-term debt 2,342 2,320 3,938 — 8,600 Total current liabilities 31,116 21,286 64,216 — 116,618 Long-term debt, net of current maturities 464,494 — 8,429 — 472,923 Liabilities under capital leases 5,830 4,627 8,779 — 19,236 Non-current deferred tax liability 1,270 — 5,887 — 7,157 Pension, other post-retirement and post-employment obligations 20,923 763 43,340 — 65,026 Other long-term liabilities — 1,250 6,608 — 7,858 Intercompany loans 63,923 (97,953 ) 34,030 — — Total stockholders’ (deficit) equity (118,042 ) 836,448 217,205 (1,082,516 ) (146,905 ) Total liabilities and stockholders’ (deficit) equity $ 469,514 $ 766,421 $ 388,494 $ (1,082,516 ) $ 541,913 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited) For the three months ended June 30, 2017 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 45,920 $ 80,736 $ (6,317 ) $ 120,339 Costs and expenses: Cost of products sold 58 29,637 48,033 (6,274 ) 71,454 Selling 256 5,317 10,363 — 15,936 General and administrative 5,586 591 9,283 — 15,460 Research and development 200 1,017 449 — 1,666 Restructuring 31 207 636 — 874 6,131 36,769 68,764 (6,274 ) 105,390 (Loss) income from operations (6,131 ) 9,151 11,972 (43 ) 14,949 Interest expense, net (12,289 ) (436 ) (556 ) — (13,281 ) Foreign exchange (loss) gain (1,296 ) 152 (102 ) — (1,246 ) Equity in subsidiaries income 6,289 19,453 — (25,742 ) — Loss on extinguishment of debt (7 ) — — — (7 ) Dividend income (expense), net 9,966 (1,275 ) 12,384 (21,075 ) — (Loss) income before provision for income taxes (3,468 ) 27,045 23,698 (46,860 ) 415 Benefit from (provision for) income taxes 57 (322 ) (3,561 ) — (3,826 ) Net (loss) income $ (3,411 ) $ 26,723 $ 20,137 $ (46,860 ) $ (3,411 ) Comprehensive (loss) income $ (4,346 ) $ 26,808 $ 24,252 $ (46,860 ) $ (146 ) Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss)-(Unaudited) For the three months ended June 30, 2016 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 46,080 $ 85,386 $ (7,493 ) $ 123,973 Costs and expenses: Cost of products sold — 30,738 52,662 (7,618 ) 75,782 Selling 197 5,131 10,407 — 15,735 General and administrative 3,479 1,047 8,901 — 13,427 Research and development 182 928 435 — 1,545 Restructuring 213 640 1,924 — 2,777 4,071 38,484 74,329 (7,618 ) 109,266 (Loss) income from operations (4,071 ) 7,596 11,057 125 14,707 Interest (expense) income, net (10,011 ) 320 (967 ) — (10,658 ) Foreign exchange (loss) gain (134 ) 19 43 — (72 ) Equity in subsidiaries income 13,921 8,755 — (22,676 ) — Dividend income (expense), net 2,400 — — (2,400 ) — Income (loss) before provision for income taxes 2,105 16,690 10,133 (24,951 ) 3,977 Benefit from (provision for) income taxes 5 (261 ) (1,611 ) — (1,867 ) Net income (loss) $ 2,110 $ 16,429 $ 8,522 $ (24,951 ) $ 2,110 Comprehensive income (loss) $ 3,205 $ 19,002 $ 9,252 $ (24,951 ) $ 6,508 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited) For the six months ended June 30, 2017 (Dollars in thousands) Parent Total Guarantors Total Non Guarantors Other Eliminations The Company Net sales $ — $ 92,990 $ 161,830 $ (14,615 ) $ 240,205 Costs and expenses: Cost of products sold 57 60,711 97,628 (14,572 ) 143,824 Selling 489 10,361 20,760 — 31,610 General and administrative 8,288 1,565 18,261 — 28,114 Research and development 499 1,948 963 — 3,410 Restructuring 92 848 3,098 — 4,038 9,425 75,433 140,710 (14,572 ) 210,996 (Loss) income from operations (9,425 ) 17,557 21,120 (43 ) 29,209 Interest expense, net (24,627 ) (784 ) (1,133 ) — (26,544 ) Foreign exchange (loss) gain (1,767 ) 218 (822 ) — (2,371 ) Equity in subsidiaries income 15,003 11,451 — (26,454 ) — Loss on extinguishment of debt (32 ) — — — (32 ) Dividend income (expense), net 14,229 6,846 — (21,075 ) — (Loss) income before provision for income taxes (6,619 ) 35,288 19,165 (47,572 ) 262 Benefit from (provision for) income taxes 374 (463 ) (6,418 ) — (6,507 ) Net (loss) income $ (6,245 ) $ 34,825 $ 12,747 $ (47,572 ) $ (6,245 ) Comprehensive (loss) income $ (8,031 ) $ 34,918 $ 27,345 $ (47,572 ) $ 6,660 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss)-(Unaudited) For the six months ended June 30, 2016 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 86,668 $ 166,986 $ (14,716 ) $ 238,938 Costs and expenses: Cost of products sold — 59,034 102,921 (14,745 ) 147,210 Selling 501 10,142 20,813 — 31,456 General and administrative 6,170 1,970 16,794 — 24,934 Research and development 563 2,019 904 — 3,486 Restructuring 642 1,668 3,299 — 5,609 7,876 74,833 144,731 (14,745 ) 212,695 (Loss) income from operations (7,876 ) 11,835 22,255 29 26,243 Interest (expense) income, net (19,725 ) 837 (2,111 ) — (20,999 ) Foreign exchange (loss) gain (117 ) (35 ) 105 — (47 ) Equity in subsidiaries income 23,023 16,559 — (39,582 ) — Dividend income (expense), net 5,545 — — (5,545 ) — Income (loss) before provision for income taxes 850 29,196 20,249 (45,098 ) 5,197 Provision for income taxes (185 ) (263 ) (4,084 ) — (4,532 ) Net income (loss) $ 665 $ 28,933 $ 16,165 $ (45,098 ) $ 665 Comprehensive income (loss) $ 2,599 $ 31,496 $ 24,884 $ (45,098 ) $ 13,881 Xerium Technologies, Inc. Consolidating Statement of Cash Flows-(Unaudited) For the six months ended June 30, 2017 (Dollars in thousands) Parent Total Total Non Other The Operating activities Net (loss) income $ (6,245 ) $ 34,825 $ 12,747 $ (47,572 ) $ (6,245 ) Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Stock-based compensation 2,046 — — — 2,046 Depreciation 1,157 4,136 10,369 — 15,662 Amortization of intangible assets — 492 54 — 546 Deferred financing cost amortization 1,762 — 48 — 1,810 Foreign exchange gain on revaluation of debt 819 — (285 ) — 534 Deferred taxes (438 ) — 750 — 312 Asset impairment — 49 6 — 55 Loss on disposition of property and equipment — (72 ) (13 ) — (85 ) Loss on extinguishment of debt 32 — — — 32 Provision for doubtful accounts — (12 ) 154 — 142 Undistributed equity in earnings of subsidiaries (15,003 ) (11,451 ) — 26,454 — Change in assets and liabilities which provided (used) cash: Accounts receivable 40 (3,705 ) (1,735 ) — (5,400 ) Inventories — (490 ) (2,766 ) 43 (3,213 ) Prepaid expenses (904 ) 402 61 — (441 ) Other current assets — (39 ) (1,140 ) — (1,179 ) Accounts payable and accrued expenses (1,800 ) 1,229 1,099 — 528 Deferred and other long-term liabilities (71 ) 337 (2,372 ) — (2,106 ) Intercompany loans 21,928 (20,713 ) (1,215 ) — — Net cash provided by (used in) operating activities 3,323 4,988 15,762 (21,075 ) 2,998 Investing activities Capital expenditures (407 ) (568 ) (7,542 ) — (8,517 ) Intercompany property and equipment transfers, net (3 ) 32 (29 ) — — Proceeds from disposals of property and equipment — 258 32 — 290 Net cash used in investing activities (410 ) (278 ) (7,539 ) — (8,227 ) Financing activities Proceeds from borrowings 55,213 — 11,365 — 66,578 Principal payments on debt (49,556 ) — (9,726 ) — (59,282 ) Dividends paid — (7,238 ) (13,837 ) 21,075 — Payment of obligations under capital leases (1,322 ) (1,296 ) (176 ) — (2,794 ) Payment of financing fees (427 ) — 34 — (393 ) Intercompany loans (6,003 ) 3,557 2,446 — — Employee taxes paid on equity awards (832 ) — — — (832 ) Net cash (used in) provided by financing activities (2,927 ) (4,977 ) (9,894 ) 21,075 3,277 Effect of exchange rate changes on cash flows — (1 ) 204 — 203 Net decrease in cash (14 ) (268 ) (1,467 ) — (1,749 ) Cash and cash equivalents at beginning of period $ 1,368 $ 279 $ 11,161 $ — $ 12,808 Cash and cash equivalents at end of period $ 1,354 $ 11 $ 9,694 $ — $ 11,059 Xerium Technologies, Inc. Consolidating Statement of Cash Flows (Unaudited) For the six months ended June 30, 2016 (Dollars in Thousands) Parent Total Total Non Other The Operating activities Net income (loss) $ 665 $ 28,933 $ 16,165 $ (45,098 ) $ 665 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation 1,426 — — — 1,426 Depreciation 1,121 4,128 10,833 — 16,082 Amortization of intangible assets — 256 48 — 304 Deferred financing cost amortization 1,493 — 49 — 1,542 Foreign exchange loss on revaluation of debt 151 — — — 151 Deferred taxes 115 — (912 ) — (797 ) Loss on disposition of property and equipment — — 78 — 78 Provision for doubtful accounts — (17 ) 1 — (16 ) Undistributed equity in earnings of subsidiaries (23,023 ) (16,559 ) — 39,582 — Change in assets and liabilities which provided (used) cash: Accounts receivable (8 ) (509 ) 1,520 — 1,003 Inventories — 956 1,426 (29 ) 2,353 Prepaid expenses (118 ) 33 (766 ) — (851 ) Other current assets — 329 (258 ) — 71 Accounts payable and accrued expenses 390 (1,623 ) (4,180 ) — (5,413 ) Deferred and other long-term liabilities (9 ) 256 286 — 533 Intercompany loans 283,096 (287,521 ) 4,425 — — Net cash provided by (used in) operating activities 265,299 (271,338 ) 28,715 (5,545 ) 17,131 Investing activities Capital expenditures (382 ) (1,459 ) (4,131 ) — (5,972 ) Intercompany property and equipment transfers, net (2 ) 2 — — — Proceeds from disposals of property and equipment — 5 112 — 117 Acquisition costs — (16,225 ) — — (16,225 ) Net cash used in investing activities (384 ) (17,677 ) (4,019 ) — (22,080 ) Financing activities Proceeds from borrowings 37,542 — 2,322 — 39,864 Principal payments on debt (24,178 ) — (5,525 ) — (29,703 ) Dividends paid — (5,545 ) — 5,545 — Payments of obligations under capitalized leases (424 ) (1,123 ) (179 ) — (1,726 ) Payment of deferred financing fees (60 ) — 36 — (24 ) Intercompany loans (279,192 ) 296,197 (17,005 ) — — Employee taxes paid on equity awards (1,031 ) — — — (1,031 ) Net cash (used in) provided by financing activities (267,343 ) 289,529 (20,351 ) 5,545 7,380 Effect of exchange rate changes on cash flows — — (1,679 ) — (1,679 ) Net (decrease) increase in cash (2,428 ) 514 2,666 — 752 Cash and cash equivalents at beginning of period 3,105 (2 ) 6,736 — 9,839 Cash and cash equivalents at end of period $ 677 $ 512 $ 9,402 $ — $ 10,591

Description of Business and S18

Description of Business and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
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, 2017 and for the three and six months ended June 30, 2017 and 2016 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 condensed consolidated interim financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended December 31, 2016 as reported on the Company's Annual Report on Form 10-K filed on March 1, 2017.
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 three and six months ended June 30, 2017 , 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, 2017 .
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. As of June 30, 2017 and 2016 , the Company had outstanding restricted stock units (“RSUs”), deferred stock units (“DSUs”) and options.
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. For the three and six months ended June 30, 2017 and 2016 , the Company had no impairment charges included in restructuring expense.
New Accounting Pronouncements	New Accounting Pronouncements In May 2017, the FASB issued Accounting Standards Update No 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting ("ASU 2017-09"). The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. The amendments in ASU 2017-09 are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in any interim period, for (1) public business entities for reporting periods for which financial statements have not yet been issued and (2) all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied prospectively to an award modified on or after the adoption date. The Company is in the process of evaluating this accounting standard update. In March 2017, the FASB issued Accounting Standards Update No 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost ("ASU 2017-07"). ASU 2017-07 will change how employers that sponsor defined benefit pension and/or other post-retirement benefit plans present the net periodic benefit cost in the income statement. Employers will present the service cost component of net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. Only the service cost component will be eligible for capitalization in assets. Employers will present the other components of the net periodic benefit cost separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, if one is presented. These components will not be eligible for capitalization in assets. The guidance is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods therein. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The guidance provides a practical expedient for disaggregating the service cost component and other components for comparative periods. The Company is in the process of evaluating this accounting standard update. In January 2017, the FASB issued Accounting Standards Update No 2017-04, Intangibles—Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). ASU 2017-04 simplifies the accounting for goodwill impairment for all entities by requiring impairment charges to be based on the first step in today’s two-step impairment test under Accounting Standards Codification (ASC) 350. The FASB issued new guidance that eliminates the requirement to calculate the implied fair value of goodwill (i.e., Step 2 of today’s goodwill impairment test) to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value (i.e., measure the charge based on today’s Step 1). The standard has tiered effective dates, starting in 2020 for calendar-year public business entities that meet the definition of an SEC filer. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The Company is in the process of evaluating this accounting standard update. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory ("ASU 2016-16"). ASU 2016-16 eliminates the exception to the principle in ASC 740, for all intra-entity sales of assets other than inventory, to be deferred, until the transferred asset is sold to a third party or otherwise recovered through use. This standard is effective for financial statements issued for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. In August 2016, the FASB issued Accounting Standards Update No 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments ("ASU 2016-15"). ASU 2016-15 clarifies how entities should classify certain cash receipts and cash payments in the statement of cash flows and amends certain disclosure requirements of ASC 230. The guidance will generally be applied retrospectively and is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those years. For all other entities, it is effective for fiscal years beginning after December 15, 2018, and interim periods within fiscal years beginning after December 15, 2019. Early adoption is permitted, including adoption in an interim period. The Company is in the process of evaluating this accounting standard update. In February of 2016, the FASB issued Accounting Standards Update No 2016-02 Leases ("ASU 2016-02"). ASU 2016-02 includes final guidance that requires lessees to put most leases on their balance sheets but recognize expenses in the income statement in a manner similar to today’s accounting. The guidance also eliminates today’s real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. For lessors, the standard modifies the classification criteria and the accounting for sales-type and direct financing leases. All entities will classify leases to determine how to recognize lease-related revenue and expense. Classification will continue to affect amounts that lessors record on the balance sheet. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. They have the option to use certain relief. Full retrospective application is prohibited. ASU 2016-02 is effective for public companies with annual periods beginning after December 15, 2018, and interim periods within those years. For all other entities, it is effective for annual periods beginning after December 15, 2019, and interim periods the following year. Early adoption is permitted for all entities. The Company is in the process of evaluating this accounting standard update. 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 has commenced a comprehensive project plan to direct the implementation of the new revenue recognition standards and an assessment of the impact to business processes. The Company has completed an initial contract assessment on a sample of contracts and analyzed the Company's contract portfolio. In addition, the Company is finalizing the accounting positions under ASU 2014-09 and is assessing the potential changes to internal controls. The Company intends to adopt the new standard using the modified retrospective transition method effective January 1, 2018.

Description of Business and S19

Description of Business and Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Components of Inventories	The components of inventories are as follows at: June 30, 2017 December 31, 2016 Raw materials $ 14,791 $ 14,089 Work in process 27,486 25,879 Finished goods (includes consigned inventory of $7,580 at June 30, 2017 and $6,673 at December 31, 2016) 40,963 37,155 Inventory allowances (6,743 ) (6,301 ) $ 76,497 $ 70,822
Changes in Warranty Liability	The table below represents the changes in the Company’s warranty liability for the six months ended June 30, 2017 and 2016 : Beginning Balance Charged to Cost of Sales Effect of Foreign Currency Translation Deduction from Reserves Ending Balance Six Months Ended June 30, 2017: $ 2,203 $ 271 $ 29 $ (501 ) $ 2,002 Six Months Ended June 30, 2016: $ 2,175 $ 796 $ 56 $ (431 ) $ 2,596
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, 2017 2016 2017 2016 Weighted-average common shares outstanding–basic 16,262,867 15,995,071 16,208,293 15,891,309 Dilutive effect of stock-based compensation awards outstanding — 624,011 — 895,778 Weighted-average common shares outstanding–diluted 16,262,867 16,619,082 16,208,293 16,787,087
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, 2017 and 2016 , 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, 2017 2016 2017 2016 Anti-dilutive securities 988,100 637,621 988,100 365,854

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following represents the fair value of these derivatives at June 30, 2017 and December 31, 2016 and the change in fair value included in foreign exchange loss in the three and six months ended June 30, 2017 and 2016 : June 30, 2017 December 31, 2016 Fair value of derivative liability $ (836 ) $ (1,461 ) Three Months Ended June 30, 2017 Three Months Ended June 30, 2016 Change in fair value of derivative included in foreign exchange loss $ (1,169 ) $ (1,101 ) Six Months Ended June 30, 2017 Six Months Ended June 30, 2016 Change in fair value of derivative included in foreign exchange (loss) gain $ (1,023 ) $ 69
Notional Amounts of Foreign Exchange Forward Contracts	The following represents the notional amounts of foreign exchange forward contracts at June 30, 2017 : Notional Sold Notional Purchased Non-designated hedges of foreign exchange risk $ 20,864 $ (24,096 )

Long term Debt (Tables)

Long term Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Long Term Debt	At June 30, 2017 and December 31, 2016 , long term debt consisted of the following: June 30, 2017 December 31, 2016 Notes (Secured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 9.50%. Sold at a price equal to 98.54% of their face value. Matures August of 2021. $ 480,000 $ 480,000 Notes payable, working capital loan, variable interest rate at 1.60%. Matures June 30, 2017, with one-year rollover option. 7,837 7,328 Fixed asset loan contract, variable interest rate of 5.23%. Matures June of 2020. 6,789 7,511 Other debt 18,710 10,448 Total debt (excluding long-term capital leases and deferred finance fees) 513,336 505,287 Less deferred financing costs and debt discount (14,946 ) (16,436 ) Less current maturities of long term debt and notes payable (18,617 ) (15,928 ) Total long term debt $ 479,773 $ 472,923

Pensions, Other Post-retireme22

Pensions, Other Post-retirement and Post-employment Benefits (Tables)	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [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, 2017 2016 2017 2016 Service cost $ 320 $ 418 $ 696 $ 823 Interest cost 1,079 1,531 2,346 3,016 Expected return on plan assets (1,273 ) (1,596 ) (2,769 ) (3,144 ) Amortization of net loss 501 575 1,091 1,133 Net periodic benefit cost $ 627 $ 928 $ 1,364 $ 1,828

Comprehensive Income and Accu23

Comprehensive Income and Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Components of Comprehensive Loss, Net of Tax	Comprehensive income for the three and six months ended June 30, 2017 (net of tax expense of $112 thousand and $221 thousand ) and 2016 (net of a tax expense of $671 thousand and $738 thousand ) is as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net (loss) income $ (3,411 ) $ 2,110 $ (6,245 ) $ 665 Foreign currency translation adjustments 3,250 1,268 13,015 9,728 Pension liability changes under Topic 715 15 3,130 (110 ) 3,488 Comprehensive (loss) income $ (146 ) $ 6,508 $ 6,660 $ 13,881
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss for the three months ended June 30, 2017 are as follows (net of tax benefits of $5.8 million ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Accumulated Other Comprehensive (Loss) Income Balance at March 31, 2017 $ (85,467 ) $ (39,571 ) $ (125,038 ) Other comprehensive income (loss) before reclassifications 3,250 (486 ) 2,764 Amounts reclassified from other comprehensive loss: Amortization of actuarial losses — 501 501 Net current period other comprehensive income 3,250 15 3,265 Balance at June 30, 2017 $ (82,217 ) $ (39,556 ) $ (121,773 ) The components of accumulated other comprehensive loss for the six months ended June 30, 2017 are as follows (net of tax benefits of $5.8 million ): Foreign Currency Translation Adjustment Pension Liability Changes Under Topic 715 Accumulated Other Comprehensive (Loss) Income Balance at December 31, 2016 $ (95,232 ) $ (39,446 ) $ (134,678 ) Other comprehensive (loss) income before reclassifications 13,015 (1,201 ) 11,814 Amounts reclassified from other comprehensive loss Amortization of actuarial losses — 1,091 1,091 Net current period other comprehensive income (loss) 13,015 (110 ) 12,905 Balance at June 30, 2017 $ (82,217 ) $ (39,556 ) $ (121,773 )

Restructuring Expense (Tables)

Restructuring Expense (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 : Balance at December 31, 2016 Charges Currency Cash Balance at Severance and other benefits $ 3,805 $ 2,626 $ 311 $ (3,316 ) $ 3,426 Facility costs and other 392 1,412 32 (1,581 ) 255 Total $ 4,197 $ 4,038 $ 343 $ (4,897 ) $ 3,681 Balance at December 31, 2015 Charges Currency Cash Balance at Severance and other benefits $ 5,308 $ 3,416 $ 58 $ (3,681 ) $ 5,101 Facility costs and other 903 2,193 10 (2,797 ) 309 Total $ 6,211 $ 5,609 $ 68 $ (6,478 ) $ 5,410
Restructuring and Impairment Expense by Segment	Restructuring and impairment expense by segment, which is not included in Segment Earnings in Note 9, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Clothing $ 162 $ 1,674 $ 2,638 $ 3,126 Roll Covers 681 950 1,308 1,841 Corporate 31 153 92 642 Total $ 874 $ 2,777 $ 4,038 $ 5,609

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 . Clothing Roll Corporate Total Three months ended June 30, 2017 Net Sales $ 72,425 $ 47,914 $ — $ 120,339 Segment Earnings (Loss) $ 20,906 $ 10,566 $ (4,292 ) $ 27,180 Three months ended June 30, 2016 Net Sales $ 74,819 $ 49,154 $ — $ 123,973 Segment Earnings (Loss) $ 21,186 $ 10,594 $ (4,088 ) $ 27,692 Six months ended June 30, 2017 Net Sales $ 144,920 $ 95,285 $ — $ 240,205 Segment Earnings (Loss) $ 41,704 $ 20,361 $ (8,329 ) $ 53,736 Six months ended June 30, 2016 Net Sales $ 146,156 $ 92,782 $ — $ 238,938 Segment Earnings (Loss) $ 39,803 $ 19,786 $ (7,995 ) $ 51,594 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, 2017 and 2016 , respectively. Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Segment Earnings (Loss): Clothing $ 20,906 $ 21,186 $ 41,704 $ 39,803 Roll Covers 10,566 10,594 20,361 19,786 Corporate (4,292 ) (4,088 ) (8,329 ) (7,995 ) Stock-based compensation (328 ) (834 ) (859 ) (1,426 ) CEO transition expense (3,039 ) — (3,039 ) — Interest expense, net (13,281 ) (10,658 ) (26,544 ) (20,999 ) Depreciation and amortization (8,115 ) (8,392 ) (16,208 ) (16,386 ) Loss on extinguishment of debt (7 ) — (32 ) — Restructuring expense (874 ) (2,777 ) (4,038 ) (5,609 ) Other non-recurring expense (69 ) (433 ) (114 ) (668 ) Plant startup costs (166 ) (539 ) (646 ) (1,285 ) Unrealized foreign exchange loss (886 ) (82 ) $ (1,994 ) $ (24 ) Income before provision for income taxes $ 415 $ 3,977 $ 262 $ 5,197

Stock-Based Compensation and 26

Stock-Based Compensation and Stockholders' Deficit (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and June 30, 2016 as follows: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 RSU, Options and DSU Awards (1) $ 1,515 $ 834 $ 2,046 $ 1,426 (1) Related to RSUs, Options and DSUs awarded to certain employees and non-employee directors. Q2 2017 includes approx. $1.2 million of expense related to the accelerated vesting on RSU's upon CEO transition. Upon transition 146,134 shares were issued to the former CEO.

Supplemental Guarantor Financ27

Supplemental Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidating Balance Sheet-(Unaudited)	Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 1,354 $ 11 $ 9,694 $ — $ 11,059 Accounts receivable, net 28 22,504 53,713 — 76,245 Intercompany receivables (432,298 ) 439,804 (7,506 ) — — Inventories, net — 17,846 59,805 (1,154 ) 76,497 Prepaid expenses 1,448 (7 ) 5,451 — 6,892 Other current assets — 3,819 13,203 — 17,022 Total current assets (429,468 ) 483,977 134,360 (1,154 ) 187,715 Property and equipment, net 7,744 64,583 212,557 — 284,884 Investments 884,512 252,120 — (1,136,632 ) — Goodwill — 19,614 40,984 — 60,598 Intangible assets — 6,774 652 — 7,426 Non-current deferred tax asset — — 12,776 — 12,776 Other assets — — 8,105 — 8,105 Total assets $ 462,788 $ 827,068 $ 409,434 $ (1,137,786 ) $ 561,504 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Notes payable $ — $ — $ 7,837 $ — $ 7,837 Accounts payable 1,323 12,082 24,584 — 37,989 Accrued expenses 25,597 8,115 31,432 — 65,144 Current maturities of long-term debt 2,229 2,522 6,029 — 10,780 Total current liabilities 29,149 22,719 69,882 — 121,750 Long-term debt, net of current maturities 471,586 — 8,187 — 479,773 Liabilities under capital leases 4,908 3,686 8,870 — 17,464 Non-current deferred tax liability 1,197 — 7,464 — 8,661 Pension, other post-retirement and post-employment obligations 19,618 1,100 43,499 — 64,217 Other long-term liabilities — 1,250 7,421 — 8,671 Intercompany loans 61,190 (100,114 ) 38,924 — — Total stockholders’ (deficit) equity (124,860 ) 898,427 225,187 (1,137,786 ) (139,032 ) Total liabilities and stockholders’ (deficit) equity $ 462,788 $ 827,068 $ 409,434 $ (1,137,786 ) $ 561,504 Xerium Technologies, Inc. Consolidating Balance Sheet At December 31, 2016 (Dollars in thousands) Parent Total Total Non Other The ASSETS Current assets: Cash and cash equivalents $ 1,368 $ 279 $ 11,161 $ — $ 12,808 Accounts receivable, net 70 18,787 49,810 — 68,667 Intercompany receivables (410,370 ) 419,192 (8,822 ) — — Inventories, net — 17,356 54,577 (1,111 ) 70,822 Prepaid expenses 545 395 5,385 — 6,325 Other current assets — 3,842 11,942 — 15,784 Total current assets (408,387 ) 459,851 124,053 (1,111 ) 174,406 Property and equipment, net 8,393 67,794 207,914 — 284,101 Investments 869,508 211,897 — (1,081,405 ) — Goodwill — 19,614 37,169 — 56,783 Intangible assets — 7,265 65 — 7,330 Non-current deferred tax asset — — 10,737 — 10,737 Other assets — — 8,556 — 8,556 Total assets $ 469,514 $ 766,421 $ 388,494 $ (1,082,516 ) $ 541,913 LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY Current liabilities: Notes payable $ — $ — $ 7,328 $ — $ 7,328 Accounts payable 2,279 10,307 23,572 — 36,158 Accrued expenses 26,495 8,659 29,378 — 64,532 Current maturities of long-term debt 2,342 2,320 3,938 — 8,600 Total current liabilities 31,116 21,286 64,216 — 116,618 Long-term debt, net of current maturities 464,494 — 8,429 — 472,923 Liabilities under capital leases 5,830 4,627 8,779 — 19,236 Non-current deferred tax liability 1,270 — 5,887 — 7,157 Pension, other post-retirement and post-employment obligations 20,923 763 43,340 — 65,026 Other long-term liabilities — 1,250 6,608 — 7,858 Intercompany loans 63,923 (97,953 ) 34,030 — — Total stockholders’ (deficit) equity (118,042 ) 836,448 217,205 (1,082,516 ) (146,905 ) Total liabilities and stockholders’ (deficit) equity $ 469,514 $ 766,421 $ 388,494 $ (1,082,516 ) $ 541,913
Consolidating Statement of Operations and Comprehensive Income (Loss)-(Unaudited)	Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited) For the three months ended June 30, 2017 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 45,920 $ 80,736 $ (6,317 ) $ 120,339 Costs and expenses: Cost of products sold 58 29,637 48,033 (6,274 ) 71,454 Selling 256 5,317 10,363 — 15,936 General and administrative 5,586 591 9,283 — 15,460 Research and development 200 1,017 449 — 1,666 Restructuring 31 207 636 — 874 6,131 36,769 68,764 (6,274 ) 105,390 (Loss) income from operations (6,131 ) 9,151 11,972 (43 ) 14,949 Interest expense, net (12,289 ) (436 ) (556 ) — (13,281 ) Foreign exchange (loss) gain (1,296 ) 152 (102 ) — (1,246 ) Equity in subsidiaries income 6,289 19,453 — (25,742 ) — Loss on extinguishment of debt (7 ) — — — (7 ) Dividend income (expense), net 9,966 (1,275 ) 12,384 (21,075 ) — (Loss) income before provision for income taxes (3,468 ) 27,045 23,698 (46,860 ) 415 Benefit from (provision for) income taxes 57 (322 ) (3,561 ) — (3,826 ) Net (loss) income $ (3,411 ) $ 26,723 $ 20,137 $ (46,860 ) $ (3,411 ) Comprehensive (loss) income $ (4,346 ) $ 26,808 $ 24,252 $ (46,860 ) $ (146 ) Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss)-(Unaudited) For the three months ended June 30, 2016 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 46,080 $ 85,386 $ (7,493 ) $ 123,973 Costs and expenses: Cost of products sold — 30,738 52,662 (7,618 ) 75,782 Selling 197 5,131 10,407 — 15,735 General and administrative 3,479 1,047 8,901 — 13,427 Research and development 182 928 435 — 1,545 Restructuring 213 640 1,924 — 2,777 4,071 38,484 74,329 (7,618 ) 109,266 (Loss) income from operations (4,071 ) 7,596 11,057 125 14,707 Interest (expense) income, net (10,011 ) 320 (967 ) — (10,658 ) Foreign exchange (loss) gain (134 ) 19 43 — (72 ) Equity in subsidiaries income 13,921 8,755 — (22,676 ) — Dividend income (expense), net 2,400 — — (2,400 ) — Income (loss) before provision for income taxes 2,105 16,690 10,133 (24,951 ) 3,977 Benefit from (provision for) income taxes 5 (261 ) (1,611 ) — (1,867 ) Net income (loss) $ 2,110 $ 16,429 $ 8,522 $ (24,951 ) $ 2,110 Comprehensive income (loss) $ 3,205 $ 19,002 $ 9,252 $ (24,951 ) $ 6,508 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive (Loss) Income (Unaudited) For the six months ended June 30, 2017 (Dollars in thousands) Parent Total Guarantors Total Non Guarantors Other Eliminations The Company Net sales $ — $ 92,990 $ 161,830 $ (14,615 ) $ 240,205 Costs and expenses: Cost of products sold 57 60,711 97,628 (14,572 ) 143,824 Selling 489 10,361 20,760 — 31,610 General and administrative 8,288 1,565 18,261 — 28,114 Research and development 499 1,948 963 — 3,410 Restructuring 92 848 3,098 — 4,038 9,425 75,433 140,710 (14,572 ) 210,996 (Loss) income from operations (9,425 ) 17,557 21,120 (43 ) 29,209 Interest expense, net (24,627 ) (784 ) (1,133 ) — (26,544 ) Foreign exchange (loss) gain (1,767 ) 218 (822 ) — (2,371 ) Equity in subsidiaries income 15,003 11,451 — (26,454 ) — Loss on extinguishment of debt (32 ) — — — (32 ) Dividend income (expense), net 14,229 6,846 — (21,075 ) — (Loss) income before provision for income taxes (6,619 ) 35,288 19,165 (47,572 ) 262 Benefit from (provision for) income taxes 374 (463 ) (6,418 ) — (6,507 ) Net (loss) income $ (6,245 ) $ 34,825 $ 12,747 $ (47,572 ) $ (6,245 ) Comprehensive (loss) income $ (8,031 ) $ 34,918 $ 27,345 $ (47,572 ) $ 6,660 Xerium Technologies, Inc. Consolidating Statement of Operations and Comprehensive Income (Loss)-(Unaudited) For the six months ended June 30, 2016 (Dollars in thousands) Parent Total Total Non Other The Net sales $ — $ 86,668 $ 166,986 $ (14,716 ) $ 238,938 Costs and expenses: Cost of products sold — 59,034 102,921 (14,745 ) 147,210 Selling 501 10,142 20,813 — 31,456 General and administrative 6,170 1,970 16,794 — 24,934 Research and development 563 2,019 904 — 3,486 Restructuring 642 1,668 3,299 — 5,609 7,876 74,833 144,731 (14,745 ) 212,695 (Loss) income from operations (7,876 ) 11,835 22,255 29 26,243 Interest (expense) income, net (19,725 ) 837 (2,111 ) — (20,999 ) Foreign exchange (loss) gain (117 ) (35 ) 105 — (47 ) Equity in subsidiaries income 23,023 16,559 — (39,582 ) — Dividend income (expense), net 5,545 — — (5,545 ) — Income (loss) before provision for income taxes 850 29,196 20,249 (45,098 ) 5,197 Provision for income taxes (185 ) (263 ) (4,084 ) — (4,532 ) Net income (loss) $ 665 $ 28,933 $ 16,165 $ (45,098 ) $ 665 Comprehensive income (loss) $ 2,599 $ 31,496 $ 24,884 $ (45,098 ) $ 13,881
Consolidating Statement of Cash Flows (Unaudited)	Parent Total Total Non Other The Operating activities Net (loss) income $ (6,245 ) $ 34,825 $ 12,747 $ (47,572 ) $ (6,245 ) Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities: Stock-based compensation 2,046 — — — 2,046 Depreciation 1,157 4,136 10,369 — 15,662 Amortization of intangible assets — 492 54 — 546 Deferred financing cost amortization 1,762 — 48 — 1,810 Foreign exchange gain on revaluation of debt 819 — (285 ) — 534 Deferred taxes (438 ) — 750 — 312 Asset impairment — 49 6 — 55 Loss on disposition of property and equipment — (72 ) (13 ) — (85 ) Loss on extinguishment of debt 32 — — — 32 Provision for doubtful accounts — (12 ) 154 — 142 Undistributed equity in earnings of subsidiaries (15,003 ) (11,451 ) — 26,454 — Change in assets and liabilities which provided (used) cash: Accounts receivable 40 (3,705 ) (1,735 ) — (5,400 ) Inventories — (490 ) (2,766 ) 43 (3,213 ) Prepaid expenses (904 ) 402 61 — (441 ) Other current assets — (39 ) (1,140 ) — (1,179 ) Accounts payable and accrued expenses (1,800 ) 1,229 1,099 — 528 Deferred and other long-term liabilities (71 ) 337 (2,372 ) — (2,106 ) Intercompany loans 21,928 (20,713 ) (1,215 ) — — Net cash provided by (used in) operating activities 3,323 4,988 15,762 (21,075 ) 2,998 Investing activities Capital expenditures (407 ) (568 ) (7,542 ) — (8,517 ) Intercompany property and equipment transfers, net (3 ) 32 (29 ) — — Proceeds from disposals of property and equipment — 258 32 — 290 Net cash used in investing activities (410 ) (278 ) (7,539 ) — (8,227 ) Financing activities Proceeds from borrowings 55,213 — 11,365 — 66,578 Principal payments on debt (49,556 ) — (9,726 ) — (59,282 ) Dividends paid — (7,238 ) (13,837 ) 21,075 — Payment of obligations under capital leases (1,322 ) (1,296 ) (176 ) — (2,794 ) Payment of financing fees (427 ) — 34 — (393 ) Intercompany loans (6,003 ) 3,557 2,446 — — Employee taxes paid on equity awards (832 ) — — — (832 ) Net cash (used in) provided by financing activities (2,927 ) (4,977 ) (9,894 ) 21,075 3,277 Effect of exchange rate changes on cash flows — (1 ) 204 — 203 Net decrease in cash (14 ) (268 ) (1,467 ) — (1,749 ) Cash and cash equivalents at beginning of period $ 1,368 $ 279 $ 11,161 $ — $ 12,808 Cash and cash equivalents at end of period $ 1,354 $ 11 $ 9,694 $ — $ 11,059 Xerium Technologies, Inc. Consolidating Statement of Cash Flows (Unaudited) For the six months ended June 30, 2016 (Dollars in Thousands) Parent Total Total Non Other The Operating activities Net income (loss) $ 665 $ 28,933 $ 16,165 $ (45,098 ) $ 665 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation 1,426 — — — 1,426 Depreciation 1,121 4,128 10,833 — 16,082 Amortization of intangible assets — 256 48 — 304 Deferred financing cost amortization 1,493 — 49 — 1,542 Foreign exchange loss on revaluation of debt 151 — — — 151 Deferred taxes 115 — (912 ) — (797 ) Loss on disposition of property and equipment — — 78 — 78 Provision for doubtful accounts — (17 ) 1 — (16 ) Undistributed equity in earnings of subsidiaries (23,023 ) (16,559 ) — 39,582 — Change in assets and liabilities which provided (used) cash: Accounts receivable (8 ) (509 ) 1,520 — 1,003 Inventories — 956 1,426 (29 ) 2,353 Prepaid expenses (118 ) 33 (766 ) — (851 ) Other current assets — 329 (258 ) — 71 Accounts payable and accrued expenses 390 (1,623 ) (4,180 ) — (5,413 ) Deferred and other long-term liabilities (9 ) 256 286 — 533 Intercompany loans 283,096 (287,521 ) 4,425 — — Net cash provided by (used in) operating activities 265,299 (271,338 ) 28,715 (5,545 ) 17,131 Investing activities Capital expenditures (382 ) (1,459 ) (4,131 ) — (5,972 ) Intercompany property and equipment transfers, net (2 ) 2 — — — Proceeds from disposals of property and equipment — 5 112 — 117 Acquisition costs — (16,225 ) — — (16,225 ) Net cash used in investing activities (384 ) (17,677 ) (4,019 ) — (22,080 ) Financing activities Proceeds from borrowings 37,542 — 2,322 — 39,864 Principal payments on debt (24,178 ) — (5,525 ) — (29,703 ) Dividends paid — (5,545 ) — 5,545 — Payments of obligations under capitalized leases (424 ) (1,123 ) (179 ) — (1,726 ) Payment of deferred financing fees (60 ) — 36 — (24 ) Intercompany loans (279,192 ) 296,197 (17,005 ) — — Employee taxes paid on equity awards (1,031 ) — — — (1,031 ) Net cash (used in) provided by financing activities (267,343 ) 289,529 (20,351 ) 5,545 7,380 Effect of exchange rate changes on cash flows — — (1,679 ) — (1,679 ) Net (decrease) increase in cash (2,428 ) 514 2,666 — 752 Cash and cash equivalents at beginning of period 3,105 (2 ) 6,736 — 9,839 Cash and cash equivalents at end of period $ 677 $ 512 $ 9,402 $ — $ 10,591

Description of Business and S28

Description of Business and Significant Accounting Policies - Components of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 14,791	$ 14,089
Work in process	27,486	25,879
Finished goods (includes consigned inventory of $7,580 at June 30, 2017 and $6,673 at December 31, 2016)	40,963	37,155
Inventory allowances	(6,743)	(6,301)
Inventories, net	76,497	70,822
Consigned inventory	$ 7,580	$ 6,673

Description of Business and S29

Description of Business and Significant Accounting Policies - Changes In Warranty Liability (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Warranties, Increase (Decrease)
Beginning Balance	$ 2,203	$ 2,175
Charged to Cost of Sales	271	796
Effect of Foreign Currency Translation	29	56
Deduction from Reserves	(501)	(431)
Ending Balance	$ 2,002	$ 2,596

Description of Business and S30

Description of Business and Significant Accounting Policies - Net (Loss) Income (Loss) Per Common Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Weighted-average common shares outstanding–basic (in shares)	16,262,867	15,995,071	16,208,293	15,891,309
Dilutive effect of stock-based compensation awards outstanding (in shares)	0	624,011	0	895,778
Weighted-average common shares outstanding–diluted (in shares)	16,262,867	16,619,082	16,208,293	16,787,087
Anti-dilutive securities (in shares)	988,100	637,621	988,100	365,854

Description of Business and S31

Description of Business and Significant Accounting Policies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Asset impairment			$ 55,000	$ 0
Restructuring Expense
Restructuring Cost and Reserve [Line Items]
Asset impairment	$ 0	$ 0	$ 0	$ 0

Business Acquisitions (Details)

Business Acquisitions (Details) - USD ($) $ in Thousands	May 04, 2016	Jun. 30, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill		$ 60,598	$ 56,783
J.J. Plank Corporation
Business Acquisition [Line Items]
Purchase price	$ 17,600
Net assets acquired excluding goodwill	15,700
Goodwill	$ 1,900

Derivatives and Hedging - Narra

Derivatives and Hedging - Narrative (Details)	Jun. 30, 2017derivative_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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Change in fair value of derivative included in foreign exchange loss	$ (1,169)	$ (1,101)	$ (1,023)	$ 69
Not Designated as Hedging Instrument | Fair value of derivative liability
Derivative [Line Items]
Fair value of derivative liability	$ (836)		$ (836)		$ (1,461)

Derivatives and Hedging - Notio

Derivatives and Hedging - Notional Amounts of Foreign Exchange Forward Contracts (Detail) - Not Designated as Hedging Instrument - Fair value of derivative liability $ in Thousands	Jun. 30, 2017USD ($)
Notional Sold
Derivative [Line Items]
Non-designated hedges of foreign exchange risk	$ 20,864
Notional Purchased
Derivative [Line Items]
Non-designated hedges of foreign exchange risk	$ 24,096

Long term Debt - Schedule of Lo

Long term Debt - Schedule of Long Term Debt (Detail) - USD ($) $ in Thousands	Aug. 09, 2016	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term debt		$ 507,500
Notes payable		7,837	$ 7,328
Total debt (excluding long-term capital leases and deferred finance fees)		513,336	505,287
Less deferred financing costs and debt discount		(14,946)	(16,436)
Less current maturities of long term debt and notes payable		(18,617)	(15,928)
Total long term debt		479,773	472,923
Other debt
Debt Instrument [Line Items]
Long-term debt		$ 18,710	10,448
Notes Payable
Debt Instrument [Line Items]
Debt instrument variable interest rate (percent)		1.60%
Rollover option period (years)		1 year
Notes Payable | Notes payable, working capital loan, variable interest rate at 1.60%. Matures June 30, 2017, with one-year rollover option.
Debt Instrument [Line Items]
Notes payable		$ 7,837	7,328
Senior Secured Term Loan Facility | Notes (Secured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 9.50%. Sold at a price equal to 98.54% of their face value. Matures August of 2021.
Debt Instrument [Line Items]
Long-term debt		$ 480,000	480,000
Debt instrument interest rate (percent)	9.50%	9.50%
Redemption price (percent)	98.54%	98.54%
Capital Lease Obligations | Fixed asset loan contract, variable interest rate of 5.23%. Matures June of 2020.
Debt Instrument [Line Items]
Fixed asset loan		$ 6,789	$ 7,511
Debt instrument interest rate (percent)		5.23%

Long term Debt - Additional Inf

Long term Debt - Additional Information (Detail)	Aug. 09, 2016USD ($)	Jul. 17, 2015USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Aug. 18, 2016USD ($)	Jul. 17, 2015CNY (¥)	Mar. 03, 2014USD ($)	May 17, 2013USD ($)	May 26, 2011USD ($)
Debt Instrument [Line Items]
Carrying value of long-term debt			$ 507,500,000
Fair value of long-term debt			545,700,000
Liabilities under capital leases			$ 17,464,000	$ 19,236,000
Senior Notes (Unsecured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 8.875%. Matures June of 2018. | Senior Notes (Unsecured)
Debt Instrument [Line Items]
Debt instrument, face amount									$ 240,000,000
Redemption price (percent)			102.219%
Debt instrument fixed interest rate (percent)			8.875%
ABL Secured Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Remaining borrowing capacity			$ 30,800,000
Line of credit capacity			55,000,000
Amount outstanding			39,700,000
Current borrowing capacity							$ 55,000,000	$ 40,000,000
ABL Secured Facility | Letter of Credit
Debt Instrument [Line Items]
Amount outstanding			8,900,000
Other Small Lines of Credit | Line of Credit
Debt Instrument [Line Items]
Remaining borrowing capacity			$ 3,500,000
Senior secured term loan facility, payable quarterly, U.S. Dollar denominated–LIBOR (minimum 1.25%) plus 5.0% (6.25%) net of $0.6 million discount. Matures May of 2019. | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount					$ 230,000,000			200,000,000
Debt discount								$ 1,000,000
Xerium China Loan Agreement | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 9,400,000				¥ 58,500,000
Interest rate adjustment period (months)		12 months
Frequency of principal payment (months)		6 months
Notes (Secured), payable semi-annually–U.S. Dollar denominated interest rate fixed at 9.50%. Sold at a price equal to 98.54% of their face value. Matures August of 2021. | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount	$ 480,000,000
Debt instrument interest rate (percent)	9.50%		9.50%
Redemption price (percent)	98.54%		98.54%
Carrying value of long-term debt			$ 480,000,000	$ 480,000,000
Prime Rate | ABL Secured Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument interest rate (percent)			5.00%
Debt instrument, basis spread on variable rate (percent)			0.75%
London Interbank Offered Rate (LIBOR) | ABL Secured Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument interest rate (percent)			3.00%
Debt instrument, basis spread on variable rate (percent)			1.75%
Benchmark Rate | Xerium China Loan Agreement | Secured Debt
Debt Instrument [Line Items]
Interest rate during period (percent)			5.20%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Line Items]
Provision for income taxes	$ 3,826	$ 1,867	$ 6,507	$ 4,532
Net earnings required to recognize deferred tax asset, minimum			40,000
Net earnings required to recognize deferred tax asset, maximum			130,000
Gross unrecognized tax benefit	10,000		10,000
Increase in unrecognized tax benefits			700
Unrecognized tax benefits related to income tax matters and income tax expense	$ 0		$ 400
Minimum
Income Taxes [Line Items]
Statutory income tax rate in foreign countries (percent)			15.00%
Maximum
Income Taxes [Line Items]
Statutory income tax rate in foreign countries (percent)			35.00%

Pensions, Other Post-retireme39

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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Retirement Benefits [Abstract]
Other Comprehensive Income (Loss), Pension and Postretirement Pension Plans, Unrecognized Gain (Loss) on Curtailment		$ 2,700
Pensions, Other Post-Retirement And Post-Employment Benefits [Abstract]
Service cost	$ 320	418	$ 696	$ 823
Interest cost	1,079	1,531	2,346	3,016
Expected return on plan assets	(1,273)	(1,596)	(2,769)	(3,144)
Amortization of net loss	501	575	1,091	1,133
Net periodic benefit cost	$ 627	$ 928	$ 1,364	$ 1,828

Comprehensive Income and Accu40

Comprehensive Income and Accumulated Other Comprehensive Loss - Components of Comprehensive Loss, Net of Tax (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Comprehensive Income Loss and Accumulated Other Comprehensive Income (Loss) [Abstract]
Other comprehensive loss, tax (benefit) expense	$ 112	$ 671	$ 221	$ 738
Net (loss) income	(3,411)	2,110	(6,245)	665
Foreign currency translation adjustments	3,250	1,268	13,015	9,728
Pension liability changes under Topic 715	15	3,130	(110)	3,488
Comprehensive (loss) income	(146)	6,508	6,660	13,881
Foreign currency adjustments from intercompany transactions	$ (1,300)	$ 1,200	$ (2,100)	$ 2,200

Comprehensive Income and Accu41

Comprehensive Income and Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, tax benefit	$ 5,800	$ 5,800
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning		(146,905)
Amounts reclassified from other comprehensive loss:
Balance at end	(139,032)	(139,032)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(85,467)	(95,232)
Other comprehensive income (loss) before reclassifications	3,250	13,015
Amounts reclassified from other comprehensive loss:
Amortization of actuarial losses	0	0
Net current period other comprehensive (loss) income	3,250	13,015
Balance at end	(82,217)	(82,217)
Pension Liability Changes Under Topic 715
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(39,571)	(39,446)
Other comprehensive income (loss) before reclassifications	(486)	(1,201)
Amounts reclassified from other comprehensive loss:
Amortization of actuarial losses	501	1,091
Net current period other comprehensive (loss) income	15	(110)
Balance at end	(39,556)	(39,556)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning	(125,038)	(134,678)
Other comprehensive income (loss) before reclassifications	2,764	11,814
Amounts reclassified from other comprehensive loss:
Amortization of actuarial losses	501	1,091
Net current period other comprehensive (loss) income	3,265	12,905
Balance at end	$ (121,773)	$ (121,773)

Restructuring Expense - Additio

Restructuring Expense - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 874	$ 2,777	$ 4,038	$ 5,609
Headcount Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring				4,400
Clothing Facility | Middletown VA Facility | Facility Closing
Restructuring Cost and Reserve [Line Items]
Restructuring				$ 1,200

Restructuring Expense - Restruc

Restructuring Expense - Restructuring Programs (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Restructuring Reserve
Beginning Balance	$ 4,197	$ 6,211
Charges	4,038	5,609
Currency Effects	343	68
Cash Payments	(4,897)	(6,478)
Ending Balance	3,681	5,410
Severance and other benefits
Restructuring Reserve
Beginning Balance	3,805	5,308
Charges	2,626	3,416
Currency Effects	311	58
Cash Payments	(3,316)	(3,681)
Ending Balance	3,426	5,101
Facility costs and other
Restructuring Reserve
Beginning Balance	392	903
Charges	1,412	2,193
Currency Effects	32	10
Cash Payments	(1,581)	(2,797)
Ending Balance	$ 255	$ 309

Restructuring Expense - Restr44

Restructuring Expense - Restructuring and Impairment Expense by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 874	$ 2,777	$ 4,038	$ 5,609
Operating Segments | Clothing
Restructuring Cost and Reserve [Line Items]
Restructuring	162	1,674	2,638	3,126
Operating Segments | Roll Covers
Restructuring Cost and Reserve [Line Items]
Restructuring	681	950	1,308	1,841
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 31	$ 153	$ 92	$ 642

Business Segment Information -

Business Segment Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2017segment
Segment Reporting [Abstract]
Number of reportable segments	2

Business Segment Information 46

Business Segment Information - Summarized Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 120,339	$ 123,973	$ 240,205	$ 238,938
Segment Earnings (Loss)	27,180	27,692	53,736	51,594
Operating Segments | Clothing
Segment Reporting Information [Line Items]
Net Sales	72,425	74,819	144,920	146,156
Segment Earnings (Loss)	20,906	21,186	41,704	39,803
Operating Segments | Roll Covers
Segment Reporting Information [Line Items]
Net Sales	47,914	49,154	95,285	92,782
Segment Earnings (Loss)	10,566	10,594	20,361	19,786
Corporate
Segment Reporting Information [Line Items]
Net Sales	0	0	0	0
Segment Earnings (Loss)	$ (4,292)	$ (4,088)	$ (8,329)	$ (7,995)

Business Segment Information 47

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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Earnings (Loss):
Segment Earnings (Loss)	$ 27,180	$ 27,692	$ 53,736	$ 51,594
Stock-based compensation	(328)	(834)	(859)	(1,426)
CEO transition expense	3,039	0	3,039	0
Interest expense, net	(13,281)	(10,658)	(26,544)	(20,999)
Depreciation and amortization	(8,115)	(8,392)	(16,208)	(16,386)
Loss on extinguishment of debt	(7)	0	(32)	0
Restructuring expense	(874)	(2,777)	(4,038)	(5,609)
Other non-recurring expense	(69)	(433)	(114)	(668)
Plant startup costs	(166)	(539)	(646)	(1,285)
Foreign exchange loss	(886)	(82)	(1,994)	(24)
Income before provision for income taxes	415	3,977	262	5,197
Operating Segments | Clothing
Segment Earnings (Loss):
Segment Earnings (Loss)	20,906	21,186	41,704	39,803
Restructuring expense	(162)	(1,674)	(2,638)	(3,126)
Operating Segments | Roll Covers
Segment Earnings (Loss):
Segment Earnings (Loss)	10,566	10,594	20,361	19,786
Restructuring expense	(681)	(950)	(1,308)	(1,841)
Corporate
Segment Earnings (Loss):
Segment Earnings (Loss)	(4,292)	(4,088)	(8,329)	(7,995)
Restructuring expense	$ (31)	$ (153)	$ (92)	$ (642)

Stock-Based Compensation and 48

Stock-Based Compensation and Stockholders' Deficit - Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 328	$ 834	$ 859	$ 1,426
Shares issued to former CEO	146,134
RSU, Options and DSU Awards
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock compensation expense	$ 1,515	$ 834	$ 2,046	$ 1,426
Accelerated vesting of restricted stock units	$ 1,200

Stock-Based Compensation and 49

Stock-Based Compensation and Stockholders' Deficit - Additional Information (Detail) - USD ($)	May 30, 2017	May 08, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 02, 2017	Apr. 28, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense			$ 328,000	$ 834,000	$ 859,000	$ 1,426,000
Performance Based Awards, EBITDA
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of vesting units (as a percent)	50.00%
Performance Based Awards, Return on Net Assets
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of vesting units (as a percent)	50.00%
Long Term Incentive Plan Twenty Seventeen to Twenty Nineteen | Time Based Phantom Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards (in shares)	125,535
Percentage of total target award (as a percent)	50.00%
Vesting period					3 years
Long Term Incentive Plan Twenty Seventeen to Twenty Nineteen | Performance Based Phantom Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based awards (in shares)	125,535
Percentage of total target award (as a percent)	50.00%
2015 - 2014 LTIP | Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of award payout (as a percent)						0.00%
Reduction of stock based compensation						$ 200,000
Awards converted to common stock (in shares)		13,829
2011 DSU Plan | Deferred Stock Unit (DSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual retainer per director					$ 132,000
Annual retainer payable in shares (as a percent)					54.00%
Annual retainer payable in shares or cash (as a percent)					46.00%
Shares issued (in shares)					33,619
2011 DSU Plan | Deferred Stock Unit (DSUs) | Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)					28,357
Minimum | Long Term Incentive Plan Twenty Seventeen to Twenty Nineteen | Performance Based Phantom Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of vesting units (as a percent)	50.00%
Maximum | Long Term Incentive Plan Twenty Seventeen to Twenty Nineteen | Performance Based Phantom Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Range of vesting units (as a percent)	200.00%
Chief Executive Officer | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares registered (in shares)							600,000	600,000
Stock compensation expense					$ 0

Supplemental Guarantor Financ50

Supplemental Guarantor Financial Information - Consolidating Balance Sheet-(Unaudited) (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 11,059	$ 12,808	$ 10,591	$ 9,839
Accounts receivable, net	76,245	68,667
Intercompany receivables	0	0
Inventories, net	76,497	70,822
Prepaid expenses	6,892	6,325
Other current assets	17,022	15,784
Total current assets	187,715	174,406
Property and equipment, net	284,884	284,101
Investments	0	0
Goodwill	60,598	56,783
Intangible assets	7,426	7,330
Non-current deferred tax asset	12,776	10,737
Other assets	8,105	8,556
Total assets	561,504	541,913
Current liabilities:
Notes payable	7,837	7,328
Accounts payable	37,989	36,158
Accrued expenses	65,144	64,532
Current maturities of long-term debt	10,780	8,600
Total current liabilities	121,750	116,618
Long-term debt, net of current maturities	479,773	472,923
Liabilities under capital leases	17,464	19,236
Non-current deferred tax liability	8,661	7,157
Pension, other post-retirement and post-employment obligations	64,217	65,026
Other long-term liabilities	8,671	7,858
Intercompany loans	0	0
Total stockholders’ deficit	(139,032)	(146,905)
Total liabilities and stockholders’ deficit	561,504	541,913
Other Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Intercompany receivables	0	0
Inventories, net	(1,154)	(1,111)
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	(1,154)	(1,111)
Property and equipment, net	0	0
Investments	(1,136,632)	(1,081,405)
Goodwill	0	0
Intangible assets	0	0
Non-current deferred tax asset	0	0
Other assets	0	0
Total assets	(1,137,786)	(1,082,516)
Current liabilities:
Notes payable	0	0
Accounts payable	0	0
Accrued expenses	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	(1,137,786)	(1,082,516)
Total liabilities and stockholders’ deficit	(1,137,786)	(1,082,516)
Parent
Current assets:
Cash and cash equivalents	1,354	1,368	677	3,105
Accounts receivable, net	28	70
Intercompany receivables	(432,298)	(410,370)
Inventories, net	0	0
Prepaid expenses	1,448	545
Other current assets	0	0
Total current assets	(429,468)	(408,387)
Property and equipment, net	7,744	8,393
Investments	884,512	869,508
Goodwill	0	0
Intangible assets	0	0
Non-current deferred tax asset	0	0
Other assets	0	0
Total assets	462,788	469,514
Current liabilities:
Notes payable	0	0
Accounts payable	1,323	2,279
Accrued expenses	25,597	26,495
Current maturities of long-term debt	2,229	2,342
Total current liabilities	29,149	31,116
Long-term debt, net of current maturities	471,586	464,494
Liabilities under capital leases	4,908	5,830
Non-current deferred tax liability	1,197	1,270
Pension, other post-retirement and post-employment obligations	19,618	20,923
Other long-term liabilities	0	0
Intercompany loans	61,190	63,923
Total stockholders’ deficit	(124,860)	(118,042)
Total liabilities and stockholders’ deficit	462,788	469,514
Total Guarantors
Current assets:
Cash and cash equivalents	11	279	512	(2)
Accounts receivable, net	22,504	18,787
Intercompany receivables	439,804	419,192
Inventories, net	17,846	17,356
Prepaid expenses	(7)	395
Other current assets	3,819	3,842
Total current assets	483,977	459,851
Property and equipment, net	64,583	67,794
Investments	252,120	211,897
Goodwill	19,614	19,614
Intangible assets	6,774	7,265
Non-current deferred tax asset	0	0
Other assets	0	0
Total assets	827,068	766,421
Current liabilities:
Notes payable	0	0
Accounts payable	12,082	10,307
Accrued expenses	8,115	8,659
Current maturities of long-term debt	2,522	2,320
Total current liabilities	22,719	21,286
Long-term debt, net of current maturities	0	0
Liabilities under capital leases	3,686	4,627
Non-current deferred tax liability	0	0
Pension, other post-retirement and post-employment obligations	1,100	763
Other long-term liabilities	1,250	1,250
Intercompany loans	(100,114)	(97,953)
Total stockholders’ deficit	898,427	836,448
Total liabilities and stockholders’ deficit	827,068	766,421
Total Non Guarantors
Current assets:
Cash and cash equivalents	9,694	11,161	$ 9,402	$ 6,736
Accounts receivable, net	53,713	49,810
Intercompany receivables	(7,506)	(8,822)
Inventories, net	59,805	54,577
Prepaid expenses	5,451	5,385
Other current assets	13,203	11,942
Total current assets	134,360	124,053
Property and equipment, net	212,557	207,914
Investments	0	0
Goodwill	40,984	37,169
Intangible assets	652	65
Non-current deferred tax asset	12,776	10,737
Other assets	8,105	8,556
Total assets	409,434	388,494
Current liabilities:
Notes payable	7,837	7,328
Accounts payable	24,584	23,572
Accrued expenses	31,432	29,378
Current maturities of long-term debt	6,029	3,938
Total current liabilities	69,882	64,216
Long-term debt, net of current maturities	8,187	8,429
Liabilities under capital leases	8,870	8,779
Non-current deferred tax liability	7,464	5,887
Pension, other post-retirement and post-employment obligations	43,499	43,340
Other long-term liabilities	7,421	6,608
Intercompany loans	38,924	34,030
Total stockholders’ deficit	225,187	217,205
Total liabilities and stockholders’ deficit	$ 409,434	$ 388,494

Supplemental Guarantor Financ51

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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Income Statements, Captions [Line Items]
Net Sales	$ 120,339	$ 123,973	$ 240,205	$ 238,938
Costs and expenses:
Cost of products sold	71,454	75,782	143,824	147,210
Selling	15,936	15,735	31,610	31,456
General and administrative	15,460	13,427	28,114	24,934
Research and development	1,666	1,545	3,410	3,486
Restructuring	874	2,777	4,038	5,609
Costs and expenses	105,390	109,266	210,996	212,695
(Loss) income from operations	14,949	14,707	29,209	26,243
Interest expense, net	(13,281)	(10,658)	(26,544)	(20,999)
Foreign exchange loss	(1,246)	(72)	(2,371)	(47)
Equity in subsidiaries income	0	0	0	0
Loss on extinguishment of debt	(7)	0	(32)	0
Dividend income (expense), net	0	0	0	0
Income before provision for income taxes	415	3,977	262	5,197
Benefit from (provision for) income taxes	(3,826)	(1,867)	(6,507)	(4,532)
Net (loss) income	(3,411)	2,110	(6,245)	665
Comprehensive (loss) income	(146)	6,508	6,660	13,881
Other Eliminations
Condensed Income Statements, Captions [Line Items]
Net Sales	(6,317)	(7,493)	(14,615)	(14,716)
Costs and expenses:
Cost of products sold	(6,274)	(7,618)	(14,572)	(14,745)
Selling	0	0	0	0
General and administrative	0	0	0	0
Research and development	0	0	0	0
Restructuring	0	0	0	0
Costs and expenses	(6,274)	(7,618)	(14,572)	(14,745)
(Loss) income from operations	(43)	125	(43)	29
Interest expense, net	0	0	0	0
Foreign exchange loss	0	0	0	0
Equity in subsidiaries income	(25,742)	(22,676)	(26,454)	(39,582)
Loss on extinguishment of debt	0		0
Dividend income (expense), net	(21,075)	(2,400)	(21,075)	(5,545)
Income before provision for income taxes	(46,860)	(24,951)	(47,572)	(45,098)
Benefit from (provision for) income taxes	0	0	0	0
Net (loss) income	(46,860)	(24,951)	(47,572)	(45,098)
Comprehensive (loss) income	(46,860)	(24,951)	(47,572)	(45,098)
Parent
Condensed Income Statements, Captions [Line Items]
Net Sales	0	0	0	0
Costs and expenses:
Cost of products sold	58	0	57	0
Selling	256	197	489	501
General and administrative	5,586	3,479	8,288	6,170
Research and development	200	182	499	563
Restructuring	31	213	92	642
Costs and expenses	6,131	4,071	9,425	7,876
(Loss) income from operations	(6,131)	(4,071)	(9,425)	(7,876)
Interest expense, net	(12,289)	(10,011)	(24,627)	(19,725)
Foreign exchange loss	(1,296)	(134)	(1,767)	(117)
Equity in subsidiaries income	6,289	13,921	15,003	23,023
Loss on extinguishment of debt	(7)		(32)
Dividend income (expense), net	9,966	2,400	14,229	5,545
Income before provision for income taxes	(3,468)	2,105	(6,619)	850
Benefit from (provision for) income taxes	57	5	374	(185)
Net (loss) income	(3,411)	2,110	(6,245)	665
Comprehensive (loss) income	(4,346)	3,205	(8,031)	2,599
Total Guarantors
Condensed Income Statements, Captions [Line Items]
Net Sales	45,920	46,080	92,990	86,668
Costs and expenses:
Cost of products sold	29,637	30,738	60,711	59,034
Selling	5,317	5,131	10,361	10,142
General and administrative	591	1,047	1,565	1,970
Research and development	1,017	928	1,948	2,019
Restructuring	207	640	848	1,668
Costs and expenses	36,769	38,484	75,433	74,833
(Loss) income from operations	9,151	7,596	17,557	11,835
Interest expense, net	(436)	320	(784)	837
Foreign exchange loss	152	19	218	(35)
Equity in subsidiaries income	19,453	8,755	11,451	16,559
Loss on extinguishment of debt	0		0
Dividend income (expense), net	(1,275)	0	6,846	0
Income before provision for income taxes	27,045	16,690	35,288	29,196
Benefit from (provision for) income taxes	(322)	(261)	(463)	(263)
Net (loss) income	26,723	16,429	34,825	28,933
Comprehensive (loss) income	26,808	19,002	34,918	31,496
Total Non Guarantors
Condensed Income Statements, Captions [Line Items]
Net Sales	80,736	85,386	161,830	166,986
Costs and expenses:
Cost of products sold	48,033	52,662	97,628	102,921
Selling	10,363	10,407	20,760	20,813
General and administrative	9,283	8,901	18,261	16,794
Research and development	449	435	963	904
Restructuring	636	1,924	3,098	3,299
Costs and expenses	68,764	74,329	140,710	144,731
(Loss) income from operations	11,972	11,057	21,120	22,255
Interest expense, net	(556)	(967)	(1,133)	(2,111)
Foreign exchange loss	(102)	43	(822)	105
Equity in subsidiaries income	0	0	0	0
Loss on extinguishment of debt	0		0
Dividend income (expense), net	12,384	0	0	0
Income before provision for income taxes	23,698	10,133	19,165	20,249
Benefit from (provision for) income taxes	(3,561)	(1,611)	(6,418)	(4,084)
Net (loss) income	20,137	8,522	12,747	16,165
Comprehensive (loss) income	$ 24,252	$ 9,252	$ 27,345	$ 24,884

Supplemental Guarantor Financ52

Supplemental Guarantor Financial Information - Consolidating Statement of Cash Flows (Unaudited) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net (loss) income	$ (3,411)	$ 2,110	$ (6,245)	$ 665
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation			2,046	1,426
Depreciation			15,662	16,082
Amortization of intangible assets			546	304
Deferred financing cost amortization			1,810	1,542
Foreign exchange loss on revaluation of debt			534	151
Deferred taxes			312	(797)
Asset impairment			55
(Gain) loss on disposition of property and equipment			(85)	78
Loss on extinguishment of debt	7	0	32	0
Provision (benefit) for doubtful accounts			142	(16)
Undistributed equity in earnings of subsidiaries			0	0
Change in assets and liabilities which (used) provided cash:
Accounts receivable			(5,400)	1,003
Inventories			(3,213)	2,353
Prepaid expenses			(441)	(851)
Other current assets			(1,179)	71
Accounts payable and accrued expenses			528	(5,413)
Deferred and other long-term liabilities			(2,106)	533
Intercompany loans			0	0
Net cash provided by operating activities			2,998	17,131
Investing activities
Capital expenditures			(8,517)	(5,972)
Intercompany property and equipment transfers, net			0	0
Proceeds from disposals of property and equipment			290	117
Acquisition costs				(16,225)
Net cash used in investing activities			(8,227)	(22,080)
Financing activities
Proceeds from borrowings			66,578	39,864
Principal payments on debt			(59,282)	(29,703)
Dividends paid			0	0
Payment of obligations under capital leases			(2,794)	(1,726)
Payment of financing fees			(393)	(24)
Intercompany loans			0	0
Employee taxes paid on equity awards			(832)	(1,031)
Net cash provided by financing activities			3,277	7,380
Effect of exchange rate changes on cash flows			203	(1,679)
Net (decrease) increase in cash			(1,749)	752
Cash and cash equivalents at beginning of period			12,808	9,839
Cash and cash equivalents at end of period	11,059	10,591	11,059	10,591
Other Eliminations
Operating activities
Net (loss) income	(46,860)	(24,951)	(47,572)	(45,098)
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation			0	0
Depreciation			0	0
Amortization of intangible assets			0	0
Deferred financing cost amortization			0	0
Foreign exchange loss on revaluation of debt			0	0
Deferred taxes			0	0
Asset impairment			0
(Gain) loss on disposition of property and equipment			0	0
Loss on extinguishment of debt	0		0
Provision (benefit) for doubtful accounts			0	0
Undistributed equity in earnings of subsidiaries			26,454	39,582
Change in assets and liabilities which (used) provided cash:
Accounts receivable			0	0
Inventories			43	(29)
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			(21,075)	(5,545)
Investing activities
Capital expenditures			0	0
Intercompany property and equipment transfers, net			0	0
Proceeds from disposals of property and equipment			0	0
Acquisition costs				0
Net cash used in investing activities			0	0
Financing activities
Proceeds from borrowings			0	0
Principal payments on debt			0	0
Dividends paid			21,075	5,545
Payment of obligations under capital leases			0	0
Payment of financing fees			0	0
Intercompany loans			0	0
Employee taxes paid on equity awards			0	0
Net cash provided by financing activities			21,075	5,545
Effect of exchange rate changes on cash flows			0	0
Net (decrease) increase 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
Parent
Operating activities
Net (loss) income	(3,411)	2,110	(6,245)	665
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation			2,046	1,426
Depreciation			1,157	1,121
Amortization of intangible assets			0	0
Deferred financing cost amortization			1,762	1,493
Foreign exchange loss on revaluation of debt			819	151
Deferred taxes			(438)	115
Asset impairment			0
(Gain) loss on disposition of property and equipment			0	0
Loss on extinguishment of debt	7		32
Provision (benefit) for doubtful accounts			0	0
Undistributed equity in earnings of subsidiaries			(15,003)	(23,023)
Change in assets and liabilities which (used) provided cash:
Accounts receivable			40	(8)
Inventories			0	0
Prepaid expenses			(904)	(118)
Other current assets			0	0
Accounts payable and accrued expenses			(1,800)	390
Deferred and other long-term liabilities			(71)	(9)
Intercompany loans			21,928	283,096
Net cash provided by operating activities			3,323	265,299
Investing activities
Capital expenditures			(407)	(382)
Intercompany property and equipment transfers, net			(3)	(2)
Proceeds from disposals of property and equipment			0	0
Acquisition costs				0
Net cash used in investing activities			(410)	(384)
Financing activities
Proceeds from borrowings			55,213	37,542
Principal payments on debt			(49,556)	(24,178)
Dividends paid			0	0
Payment of obligations under capital leases			(1,322)	(424)
Payment of financing fees			(427)	(60)
Intercompany loans			(6,003)	(279,192)
Employee taxes paid on equity awards			(832)	(1,031)
Net cash provided by financing activities			(2,927)	(267,343)
Effect of exchange rate changes on cash flows			0	0
Net (decrease) increase in cash			(14)	(2,428)
Cash and cash equivalents at beginning of period			1,368	3,105
Cash and cash equivalents at end of period	1,354	677	1,354	677
Total Guarantors
Operating activities
Net (loss) income	26,723	16,429	34,825	28,933
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation			0	0
Depreciation			4,136	4,128
Amortization of intangible assets			492	256
Deferred financing cost amortization			0	0
Foreign exchange loss on revaluation of debt			0	0
Deferred taxes			0	0
Asset impairment			49
(Gain) loss on disposition of property and equipment			(72)	0
Loss on extinguishment of debt	0		0
Provision (benefit) for doubtful accounts			(12)	(17)
Undistributed equity in earnings of subsidiaries			(11,451)	(16,559)
Change in assets and liabilities which (used) provided cash:
Accounts receivable			(3,705)	(509)
Inventories			(490)	956
Prepaid expenses			402	33
Other current assets			(39)	329
Accounts payable and accrued expenses			1,229	(1,623)
Deferred and other long-term liabilities			337	256
Intercompany loans			(20,713)	(287,521)
Net cash provided by operating activities			4,988	(271,338)
Investing activities
Capital expenditures			(568)	(1,459)
Intercompany property and equipment transfers, net			32	2
Proceeds from disposals of property and equipment			258	5
Acquisition costs				(16,225)
Net cash used in investing activities			(278)	(17,677)
Financing activities
Proceeds from borrowings			0	0
Principal payments on debt			0	0
Dividends paid			(7,238)	(5,545)
Payment of obligations under capital leases			(1,296)	(1,123)
Payment of financing fees			0	0
Intercompany loans			3,557	296,197
Employee taxes paid on equity awards			0	0
Net cash provided by financing activities			(4,977)	289,529
Effect of exchange rate changes on cash flows			(1)	0
Net (decrease) increase in cash			(268)	514
Cash and cash equivalents at beginning of period			279	(2)
Cash and cash equivalents at end of period	11	512	11	512
Total Non Guarantors
Operating activities
Net (loss) income	20,137	8,522	12,747	16,165
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock-based compensation			0	0
Depreciation			10,369	10,833
Amortization of intangible assets			54	48
Deferred financing cost amortization			48	49
Foreign exchange loss on revaluation of debt			(285)	0
Deferred taxes			750	(912)
Asset impairment			6
(Gain) loss on disposition of property and equipment			(13)	78
Loss on extinguishment of debt	0		0
Provision (benefit) for doubtful accounts			154	1
Undistributed equity in earnings of subsidiaries			0	0
Change in assets and liabilities which (used) provided cash:
Accounts receivable			(1,735)	1,520
Inventories			(2,766)	1,426
Prepaid expenses			61	(766)
Other current assets			(1,140)	(258)
Accounts payable and accrued expenses			1,099	(4,180)
Deferred and other long-term liabilities			(2,372)	286
Intercompany loans			(1,215)	4,425
Net cash provided by operating activities			15,762	28,715
Investing activities
Capital expenditures			(7,542)	(4,131)
Intercompany property and equipment transfers, net			(29)	0
Proceeds from disposals of property and equipment			32	112
Acquisition costs				0
Net cash used in investing activities			(7,539)	(4,019)
Financing activities
Proceeds from borrowings			11,365	2,322
Principal payments on debt			(9,726)	(5,525)
Dividends paid			(13,837)	0
Payment of obligations under capital leases			(176)	(179)
Payment of financing fees			34	36
Intercompany loans			2,446	(17,005)
Employee taxes paid on equity awards			0	0
Net cash provided by financing activities			(9,894)	(20,351)
Effect of exchange rate changes on cash flows			204	(1,679)
Net (decrease) increase in cash			(1,467)	2,666
Cash and cash equivalents at beginning of period			11,161	6,736
Cash and cash equivalents at end of period	$ 9,694	$ 9,402	$ 9,694	$ 9,402