Supplemental Guarantors Condensed Consolidating Financial Information | 6 Months Ended |
Apr. 04, 2014 |
Supplemental Guarantors Condensed Consolidating Financial Information [Abstract] | ' |
Supplemental Guarantors Condensed Consolidating Financial Information | ' |
Supplemental Guarantors Condensed Consolidating Financial Information |
|
The tables that follow reflect the supplemental guarantor financial information associated with CPII’s Notes issued on February 11, 2011. The Notes are guaranteed by Parent and, subject to certain exceptions, each of Parent’s existing and future domestic restricted subsidiaries (other than CPII) on a senior unsecured basis. Separate financial statements of the guarantors are not presented because (i) the guarantors are wholly owned and have fully and unconditionally guaranteed the Notes on a joint and several basis and (ii) CPII’s management has determined that such separate financial statements are not material to investors. Instead, presented below are the consolidating financial statements of: (a) the guarantor subsidiaries (all of the domestic subsidiaries), (b) the non-guarantor subsidiaries, (c) the consolidating elimination entries, and (d) the consolidated totals. The accompanying consolidating financial information should be read in connection with the condensed consolidated financial statements of the Company. |
|
Investments in subsidiaries are accounted for based on the equity method. The principal elimination entries eliminate investments in subsidiaries, intercompany balances, intercompany transactions and intercompany sales. |
|
|
CONDENSED CONSOLIDATING BALANCE SHEET |
As of April 4, 2014 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Assets | | | | | | | | | | | |
Cash and cash equivalents | $ | — | | | $ | — | | | $ | 35,228 | | | $ | 6,541 | | | $ | — | | | $ | 41,769 | |
|
Restricted cash | — | | | — | | | 2,765 | | | 94 | | | — | | | 2,859 | |
|
Accounts receivable, net | — | | | — | | | 35,470 | | | 16,169 | | | — | | | 51,639 | |
|
Inventories | — | | | — | | | 77,045 | | | 25,548 | | | (520 | ) | | 102,073 | |
|
Deferred tax assets | — | | | — | | | 14,586 | | | 705 | | | — | | | 15,291 | |
|
Intercompany receivable | — | | | — | | | 66,034 | | | 10,816 | | | (76,850 | ) | | — | |
|
Prepaid and other current assets | 3 | | | 247 | | | 2,532 | | | 1,602 | | | 198 | | | 4,582 | |
|
Total current assets | 3 | | | 247 | | | 233,660 | | | 61,475 | | | (77,172 | ) | | 218,213 | |
|
Property, plant and equipment, net | — | | | — | | | 62,190 | | | 15,549 | | | — | | | 77,739 | |
|
Deferred debt issue costs, net | — | | | 8,502 | | | — | | | — | | | — | | | 8,502 | |
|
Intangible assets, net | — | | | — | | | 173,645 | | | 81,585 | | | — | | | 255,230 | |
|
Goodwill | — | | | — | | | 108,233 | | | 88,153 | | | — | | | 196,386 | |
|
Other long-term assets | — | | | — | | | 1,034 | | | 35 | | | — | | | 1,069 | |
|
Investment in subsidiaries | 216,691 | | | 585,901 | | | 15,048 | | | — | | | (817,640 | ) | | — | |
|
Total assets | $ | 216,694 | | | $ | 594,650 | | | $ | 593,810 | | | $ | 246,797 | | | $ | (894,812 | ) | | $ | 757,139 | |
|
Liabilities and stockholders’ equity | | | | | | | | | | | | | | | | | |
|
Current portion of long-term debt | $ | — | | | $ | 3,100 | | | $ | — | | | $ | — | | | $ | — | | | $ | 3,100 | |
|
Accounts payable | 93 | | | — | | | 15,800 | | | 10,859 | | | — | | | 26,752 | |
|
Accrued expenses | 395 | | | 2,571 | | | 20,787 | | | 6,840 | | | 5 | | | 30,598 | |
|
Product warranty | — | | | — | | | 2,814 | | | 1,976 | | | — | | | 4,790 | |
|
Income taxes payable | — | | | — | | | — | | | 74 | | | — | | | 74 | |
|
Advance payments from customers | — | | | — | | | 14,340 | | | 3,069 | | | — | | | 17,409 | |
|
Intercompany payable | — | | | 1,401 | | | 3,403 | | | — | | | (4,804 | ) | | — | |
|
Total current liabilities | 488 | | | 7,072 | | | 57,144 | | | 22,818 | | | (4,799 | ) | | 82,723 | |
|
Deferred income taxes, non-current | — | | | — | | | 74,573 | | | 22,275 | | | — | | | 96,848 | |
|
Long-term debt, less current portion | — | | | 350,200 | | | — | | | — | | | — | | | 350,200 | |
|
Other long-term liabilities | — | | | — | | | 10,731 | | | 431 | | | — | | | 11,162 | |
|
Total liabilities | 488 | | | 357,272 | | | 142,448 | | | 45,524 | | | (4,799 | ) | | 540,933 | |
|
Common stock | — | | | — | | | — | | | — | | | — | | | — | |
|
Parent investment | — | | | 211,100 | | | 376,046 | | | 182,846 | | | (769,992 | ) | | — | |
|
Equity investment in subsidiary | (1,002 | ) | | (1,002 | ) | | 9,377 | | | — | | | (7,373 | ) | | — | |
|
Additional paid-in capital | 200,076 | | | — | | | — | | | — | | | — | | | 200,076 | |
|
Accumulated other comprehensive loss | — | | | — | | | — | | | (1,002 | ) | | — | | | (1,002 | ) |
|
Retained earnings | 17,132 | | | 27,280 | | | 65,939 | | | 19,429 | | | (112,648 | ) | | 17,132 | |
|
Total stockholders’ equity | 216,206 | | | 237,378 | | | 451,362 | | | 201,273 | | | (890,013 | ) | | 216,206 | |
|
Total liabilities and stockholders’ equity | $ | 216,694 | | | $ | 594,650 | | | $ | 593,810 | | | $ | 246,797 | | | $ | (894,812 | ) | | $ | 757,139 | |
|
|
|
CONDENSED CONSOLIDATING BALANCE SHEET |
As of September 27, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Assets | | | | | | | | | | | |
Cash and cash equivalents | $ | — | | | $ | — | | | $ | 61,387 | | | $ | 5,664 | | | $ | — | | | $ | 67,051 | |
|
Restricted cash | — | | | — | | | 2,468 | | | 103 | | | — | | | 2,571 | |
|
Accounts receivable, net | — | | | — | | | 33,456 | | | 18,704 | | | — | | | 52,160 | |
|
Inventories | — | | | — | | | 67,352 | | | 23,095 | | | (615 | ) | | 89,832 | |
|
Deferred tax assets | — | | | — | | | 13,172 | | | 314 | | | — | | | 13,486 | |
|
Intercompany receivable | — | | | — | | | 59,763 | | | 13,316 | | | (73,079 | ) | | — | |
|
Prepaid and other current assets | 2 | | | 41 | | | 4,290 | | | 2,501 | | | 234 | | | 7,068 | |
|
Total current assets | 2 | | | 41 | | | 241,888 | | | 63,697 | | | (73,460 | ) | | 232,168 | |
|
Property, plant and equipment, net | — | | | — | | | 60,191 | | | 16,142 | | | — | | | 76,333 | |
|
Deferred debt issue costs, net | — | | | 9,713 | | | — | | | — | | | — | | | 9,713 | |
|
Intangible assets, net | — | | | — | | | 155,874 | | | 83,621 | | | — | | | 239,495 | |
|
Goodwill | — | | | — | | | 91,574 | | | 88,153 | | | — | | | 179,727 | |
|
Other long-term assets | — | | | — | | | 935 | | | — | | | — | | | 935 | |
|
Investment in subsidiaries | 208,929 | | | 581,545 | | | 17,163 | | | — | | | (807,637 | ) | | — | |
|
Total assets | $ | 208,931 | | | $ | 591,299 | | | $ | 567,625 | | | $ | 251,613 | | | $ | (881,097 | ) | | $ | 738,371 | |
|
Liabilities and stockholders’ equity | | | | | | | | | | | | | | | | | |
|
Current portion of long-term debt | $ | — | | | $ | 5,500 | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,500 | |
|
Accounts payable | — | | | — | | | 15,601 | | | 11,141 | | | — | | | 26,742 | |
|
Accrued expenses | 1,179 | | | 2,724 | | | 17,144 | | | 6,303 | | | (2 | ) | | 27,348 | |
|
Product warranty | — | | | — | | | 2,646 | | | 2,060 | | | — | | | 4,706 | |
|
Income taxes payable | — | | | — | | | 49 | | | 49 | | | — | | | 98 | |
|
Advance payments from customers | — | | | — | | | 14,308 | | | 3,688 | | | — | | | 17,996 | |
|
Intercompany payable | — | | | 1,401 | | | 8,387 | | | — | | | (9,788 | ) | | — | |
|
Total current liabilities | 1,179 | | | 9,625 | | | 58,135 | | | 23,241 | | | (9,790 | ) | | 82,390 | |
|
Deferred income taxes, non-current | — | | | — | | | 66,420 | | | 22,758 | | | — | | | 89,178 | |
|
Long-term debt, less current portion | — | | | 353,233 | | | — | | | — | | | — | | | 353,233 | |
|
Other long-term liabilities | — | | | — | | | 5,394 | | | 424 | | | — | | | 5,818 | |
|
Total liabilities | 1,179 | | | 362,858 | | | 129,949 | | | 46,423 | | | (9,790 | ) | | 530,619 | |
|
Common stock | — | | | — | | | — | | | — | | | — | | | — | |
|
Parent investment | — | | | 211,100 | | | 375,639 | | | 191,752 | | | (778,491 | ) | | — | |
|
Equity investment in subsidiary | 86 | | | 86 | | | 9,377 | | | — | | | (9,549 | ) | | — | |
|
Additional paid-in capital | 199,575 | | | — | | | — | | | — | | | — | | | 199,575 | |
|
Accumulated other comprehensive income | — | | | — | | | — | | | 86 | | | — | | | 86 | |
|
Retained earnings | 8,091 | | | 17,255 | | | 52,660 | | | 13,352 | | | (83,267 | ) | | 8,091 | |
|
Total stockholders’ equity | 207,752 | | | 228,441 | | | 437,676 | | | 205,190 | | | (871,307 | ) | | 207,752 | |
|
Total liabilities and stockholders’ equity | $ | 208,931 | | | $ | 591,299 | | | $ | 567,625 | | | $ | 251,613 | | | $ | (881,097 | ) | | $ | 738,371 | |
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME |
For the Three Months Ended April 4, 2014 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Sales | $ | — | | | $ | — | | | $ | 93,603 | | | $ | 44,989 | | | $ | (17,433 | ) | | $ | 121,159 | |
|
Cost of sales | — | | | — | | | 67,208 | | | 34,765 | | | (17,072 | ) | | 84,901 | |
|
Gross profit | — | | | — | | | 26,395 | | | 10,224 | | | (361 | ) | | 36,258 | |
|
Operating costs and expenses: | | | | | | | | | | | | | | | | | |
|
Research and development | — | | | — | | | 1,511 | | | 2,297 | | | — | | | 3,808 | |
|
Selling and marketing | — | | | — | | | 3,422 | | | 2,775 | | | (390 | ) | | 5,807 | |
|
General and administrative | 887 | | | 180 | | | 5,897 | | | 1,172 | | | 1 | | | 8,137 | |
|
Amortization of acquisition-related intangible assets | — | | | — | | | 1,611 | | | 1,018 | | | — | | | 2,629 | |
|
Total operating costs and expenses | 887 | | | 180 | | | 12,441 | | | 7,262 | | | (389 | ) | | 20,381 | |
|
Operating (loss) income | (887 | ) | | (180 | ) | | 13,954 | | | 2,962 | | | 28 | | | 15,877 | |
|
Interest expense (income), net | — | | | 6,864 | | | 1 | | | (2 | ) | | — | | | 6,863 | |
|
(Loss) income before income tax expense and equity in income of subsidiaries | (887 | ) | | (7,044 | ) | | 13,953 | | | 2,964 | | | 28 | | | 9,014 | |
|
Income tax (benefit) expense | (338 | ) | | (2,683 | ) | | 5,632 | | | 496 | | | 10 | | | 3,117 | |
|
Equity in income of subsidiaries | 6,446 | | | 10,807 | | | (18 | ) | | — | | | (17,235 | ) | | — | |
|
Net income | 5,897 | | | 6,446 | | | 8,303 | | | 2,468 | | | (17,217 | ) | | 5,897 | |
|
Equity in other comprehensive loss of subsidiaries, net of tax | (577 | ) | | (577 | ) | | — | | | — | | | 1,154 | | | — | |
|
Other comprehensive loss, net of tax | | | | | | | | | | | |
Unrealized loss on cash flow hedges, net of tax | — | | | — | | | — | | | (577 | ) | | — | | | (577 | ) |
|
Total other comprehensive loss, net of tax | — | | | — | | | — | | | (577 | ) | | — | | | (577 | ) |
|
Comprehensive income | $ | 5,320 | | | $ | 5,869 | | | $ | 8,303 | | | $ | 1,891 | | | $ | (16,063 | ) | | $ | 5,320 | |
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME |
For the Three Months Ended March 29, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Sales | $ | — | | | $ | — | | | $ | 78,422 | | | $ | 40,956 | | | $ | (17,159 | ) | | $ | 102,219 | |
|
Cost of sales | — | | | — | | | 58,965 | | | 32,205 | | | (16,667 | ) | | 74,503 | |
|
Gross profit | — | | | — | | | 19,457 | | | 8,751 | | | (492 | ) | | 27,716 | |
|
Operating costs and expenses: | | | | | | | | | | | | | | | | | |
|
Research and development | — | | | — | | | 1,401 | | | 2,462 | | | — | | | 3,863 | |
|
Selling and marketing | — | | | — | | | 2,902 | | | 2,770 | | | (214 | ) | | 5,458 | |
|
General and administrative | 521 | | | 495 | | | 4,790 | | | 1,301 | | | 304 | | | 7,411 | |
|
Amortization of acquisition-related intangible assets | — | | | — | | | 1,335 | | | 1,007 | | | — | | | 2,342 | |
|
Total operating costs and expenses | 521 | | | 495 | | | 10,428 | | | 7,540 | | | 90 | | | 19,074 | |
|
Operating (loss) income | (521 | ) | | (495 | ) | | 9,029 | | | 1,211 | | | (582 | ) | | 8,642 | |
|
Interest expense (income), net | — | | | 6,854 | | | — | | | (1 | ) | | — | | | 6,853 | |
|
(Loss) income before income tax expense and equity in income of subsidiaries | (521 | ) | | (7,349 | ) | | 9,029 | | | 1,212 | | | (582 | ) | | 1,789 | |
|
Income tax (benefit) expense | (183 | ) | | (2,825 | ) | | 3,264 | | | 455 | | | (222 | ) | | 489 | |
|
Equity in income of subsidiaries | 1,638 | | | 6,161 | | | (4 | ) | | — | | | (7,795 | ) | | — | |
|
Net income | 1,300 | | | 1,637 | | | 5,761 | | | 757 | | | (8,155 | ) | | 1,300 | |
|
Equity in other comprehensive loss of subsidiaries, net of tax | (571 | ) | | (571 | ) | | — | | | — | | | 1,142 | | | — | |
|
Other comprehensive loss, net of tax | | | | | | | | | | | |
Unrealized loss on cash flow hedges, net of tax | — | | | — | | | — | | | (571 | ) | | — | | | (571 | ) |
|
Total other comprehensive loss, net of tax | — | | | — | | | — | | | (571 | ) | | — | | | (571 | ) |
|
Comprehensive income | $ | 729 | | | $ | 1,066 | | | $ | 5,761 | | | $ | 186 | | | $ | (7,013 | ) | | $ | 729 | |
|
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME |
For the Six Months Ended April 4, 2014 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Sales | $ | — | | | $ | — | | | $ | 185,284 | | | $ | 94,326 | | | $ | (34,572 | ) | | $ | 245,038 | |
|
Cost of sales | — | | | — | | | 137,068 | | | 72,218 | | | (33,913 | ) | | 175,373 | |
|
Gross profit | — | | | — | | | 48,216 | | | 22,108 | | | (659 | ) | | 69,665 | |
|
Operating costs and expenses: | | | | | | | | | | | | | | | | | |
|
Research and development | — | | | — | | | 2,848 | | | 4,769 | | | — | | | 7,617 | |
|
Selling and marketing | — | | | — | | | 6,774 | | | 5,728 | | | (758 | ) | | 11,744 | |
|
General and administrative | 1,588 | | | 417 | | | 10,801 | | | 2,363 | | | 4 | | | 15,173 | |
|
Amortization of acquisition-related intangible assets | — | | | — | | | 3,441 | | | 2,037 | | | — | | | 5,478 | |
|
Total operating costs and expenses | 1,588 | | | 417 | | | 23,864 | | | 14,897 | | | (754 | ) | | 40,012 | |
|
Operating (loss) income | (1,588 | ) | | (417 | ) | | 24,352 | | | 7,211 | | | 95 | | | 29,653 | |
|
Interest expense (income), net | — | | | 14,121 | | | 4 | | | (3 | ) | | — | | | 14,122 | |
|
(Loss) income before income tax expense and equity in income of subsidiaries | (1,588 | ) | | (14,538 | ) | | 24,348 | | | 7,214 | | | 95 | | | 15,531 | |
|
Income tax (benefit) expense | (604 | ) | | (5,526 | ) | | 11,447 | | | 1,137 | | | 36 | | | 6,490 | |
|
Equity in income of subsidiaries | 10,025 | | | 19,037 | | | 378 | | | — | | | (29,440 | ) | | — | |
|
Net income | 9,041 | | | 10,025 | | | 13,279 | | | 6,077 | | | (29,381 | ) | | 9,041 | |
|
Equity in other comprehensive loss of subsidiaries, net of tax | (1,088 | ) | | (1,088 | ) | | — | | | — | | | 2,176 | | | — | |
|
Other comprehensive loss, net of tax | | | | | | | | | | | |
Unrealized loss on cash flow hedges, net of tax | — | | | — | | | — | | | (1,088 | ) | | — | | | (1,088 | ) |
|
Total other comprehensive loss, net of tax | — | | | — | | | — | | | (1,088 | ) | | — | | | (1,088 | ) |
|
Comprehensive income | $ | 7,953 | | | $ | 8,937 | | | $ | 13,279 | | | $ | 4,989 | | | $ | (27,205 | ) | | $ | 7,953 | |
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME |
For the Six Months Ended March 29, 2013 |
|
|
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
Subsidiaries | Subsidiaries | Eliminations | Total |
Sales | $ | — | | | $ | — | | | $ | 150,578 | | | $ | 82,848 | | | $ | (33,646 | ) | | $ | 199,780 | |
|
Cost of sales | — | | | — | | | 114,212 | | | 63,755 | | | (32,861 | ) | | 145,106 | |
|
Gross profit | — | | | — | | | 36,366 | | | 19,093 | | | (785 | ) | | 54,674 | |
|
Operating costs and expenses: | | | | | | | | | | | | | | | | | |
|
Research and development | — | | | — | | | 2,520 | | | 4,711 | | | — | | | 7,231 | |
|
Selling and marketing | — | | | — | | | 5,730 | | | 5,321 | | | (214 | ) | | 10,837 | |
|
General and administrative | 1,013 | | | 653 | | | 9,015 | | | 2,593 | | | 304 | | | 13,578 | |
|
Amortization of acquisition-related intangible assets | — | | | — | | | 3,060 | | | 2,012 | | | — | | | 5,072 | |
|
Total operating costs and expenses | 1,013 | | | 653 | | | 20,325 | | | 14,637 | | | 90 | | | 36,718 | |
|
Operating (loss) income | (1,013 | ) | | (653 | ) | | 16,041 | | | 4,456 | | | (875 | ) | | 17,956 | |
|
Interest expense (income), net | — | | | 13,708 | | | (1 | ) | | 7 | | | — | | | 13,714 | |
|
(Loss) income before income tax expense and equity in income of subsidiaries | (1,013 | ) | | (14,361 | ) | | 16,042 | | | 4,449 | | | (875 | ) | | 4,242 | |
|
Income tax (benefit) expense | (370 | ) | | (5,454 | ) | | 7,097 | | | 551 | | | (333 | ) | | 1,491 | |
|
Equity in income of subsidiaries | 3,394 | | | 12,300 | | | 53 | | | — | | | (15,747 | ) | | — | |
|
Net income | 2,751 | | | 3,393 | | | 8,998 | | | 3,898 | | | (16,289 | ) | | 2,751 | |
|
Equity in other comprehensive loss of subsidiaries, net of tax | (1,034 | ) | | (1,034 | ) | | — | | | — | | | 2,068 | | | — | |
|
Other comprehensive loss, net of tax | | | | | | | | | | | |
Unrealized loss on cash flow hedges, net of tax | — | | | — | | | — | | | (1,034 | ) | | — | | | (1,034 | ) |
|
Total other comprehensive loss, net of tax | — | | | — | | | — | | | (1,034 | ) | | — | | | (1,034 | ) |
|
Comprehensive income | $ | 1,717 | | | $ | 2,359 | | | $ | 8,998 | | | $ | 2,864 | | | $ | (14,221 | ) | | $ | 1,717 | |
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
For the Six Months Ended April 4, 2014 |
|
| | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidated | | | | |
Subsidiaries | Subsidiaries | Total | | | | |
Cash flows from operating activities | | | | | | | | | | | | | |
Net cash provided by operating activities | $ | — | | | $ | — | | | $ | 19,094 | | | $ | 1,157 | | | $ | 20,251 | | | | | |
| | | |
Cash flows from investing activities | | | | | | | | | | | | | | | | | | |
| | | |
Capital expenditures | — | | | — | | | (2,845 | ) | | (280 | ) | | (3,125 | ) | | | | |
| | | |
Acquisition, net of cash acquired | — | | | — | | | (36,908 | ) | | — | | | (36,908 | ) | | | | |
| | | |
Net cash used in investing activities | — | | | — | | | (39,753 | ) | | (280 | ) | | (40,033 | ) | | | | |
| | | |
Cash flows from financing activities | | | | | | | | | | | | | | | | | | |
| | | |
Return of intercompany capital | — | | | 9,000 | | | — | | | (9,000 | ) | | — | | | | | |
| | | |
Intercompany funding | — | | | (3,500 | ) | | (5,500 | ) | | 9,000 | | | — | | | | | |
| | | |
Repayment of borrowings under CPII’s term loan facility | — | | | (5,500 | ) | | — | | | — | | | (5,500 | ) | | | | |
| | | |
Net cash used in financing activities | — | | | — | | | (5,500 | ) | | — | | | (5,500 | ) | | | | |
| | | |
Net (decrease) increase in cash and cash equivalents | — | | | — | | | (26,159 | ) | | 877 | | | (25,282 | ) | | | | |
| | | |
Cash and cash equivalents at beginning of period | — | | | — | | | 61,387 | | | 5,664 | | | 67,051 | | | | | |
| | | |
Cash and cash equivalents at end of period | $ | — | | | $ | — | | | $ | 35,228 | | | $ | 6,541 | | | $ | 41,769 | | | | | |
| | | |
|
|
|
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS |
For the Six Months Ended March 29, 2013 |
| | | | |
| | | | | | | | | | | | | | | | | | | | | | | |
| Parent | | Issuer | | Guarantor | | Non-Guarantor | | Consolidated | | | | |
Subsidiaries | Subsidiaries | Total | | | | |
Cash flows from operating activities | | | | | | | | | | | | | |
Net cash provided by (used in) operating activities | $ | — | | | $ | — | | | $ | 10,304 | | | $ | (399 | ) | | $ | 9,905 | | | | | |
| | | |
Cash flows from investing activities | | | | | | | | | | | | | | | | | | |
| | | |
Capital expenditures | — | | | — | | | (1,919 | ) | | (772 | ) | | (2,691 | ) | | | | |
| | | |
Net cash used in investing activities | — | | | — | | | (1,919 | ) | | (772 | ) | | (2,691 | ) | | | | |
| | | |
Cash flows from financing activities | | | | | | | | | | | | | | | | | | |
| | | |
Return of intercompany capital | — | | | 19,181 | | | — | | | (19,181 | ) | | $ | — | | | | | |
| | | |
Intercompany funding | — | | | (15,981 | ) | | (3,200 | ) | | 19,181 | | | — | | | | | |
| | | |
Repayment of borrowings under CPII’s term loan facility | — | | | (3,200 | ) | | — | | | — | | | (3,200 | ) | | | | |
| | | |
Net cash used in financing activities | — | | | — | | | (3,200 | ) | | — | | | (3,200 | ) | | | | |
| | | |
Net increase (decrease) in cash and cash equivalents | — | | | — | | | 5,185 | | | (1,171 | ) | | 4,014 | | | | | |
| | | |
Cash and cash equivalents at beginning of period | — | | | — | | | 34,042 | | | 8,964 | | | 43,006 | | | | | |
| | | |
Cash and cash equivalents at end of period | $ | — | | | $ | — | | | $ | 39,227 | | | $ | 7,793 | | | $ | 47,020 | | | | | |
| | | |
| | | | | | | | | | | | | | | | | | | | | | | | |