Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 01, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'CommScope Holding Company, Inc. | ' |
Entity Central Index Key | '0001517228 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 185,703,896 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Net sales | $888,011 | $894,019 | $2,633,559 | $2,473,674 |
Operating costs and expenses: | ' | ' | ' | ' |
Cost of sales | 577,812 | 591,192 | 1,724,461 | 1,690,373 |
Selling, general and administrative | 122,424 | 114,831 | 354,818 | 337,676 |
Research and development | 31,757 | 30,969 | 95,553 | 88,817 |
Amortization of purchased intangible assets | 43,956 | 44,133 | 130,921 | 132,395 |
Restructuring costs | 4,900 | 1,624 | 16,433 | 17,005 |
Asset impairments | 7,320 | 38,271 | 41,802 | 38,271 |
Total operating costs and expenses | 788,169 | 821,020 | 2,363,988 | 2,304,537 |
Operating income | 99,842 | 72,999 | 269,571 | 169,137 |
Other expense, net | -3,394 | -1,836 | -8,665 | -8,350 |
Interest expense | -53,972 | -45,900 | -147,809 | -143,460 |
Interest income | 650 | 717 | 2,260 | 2,959 |
Income before income taxes | 43,126 | 25,980 | 115,357 | 20,286 |
Income tax expense | -31,839 | -20,696 | -87,048 | -26,383 |
Net income (loss) | 11,287 | 5,284 | 28,309 | -6,097 |
Earnings (loss) per share: | ' | ' | ' | ' |
Basic | $0.07 | $0.03 | $0.18 | ($0.04) |
Diluted | $0.07 | $0.03 | $0.18 | ($0.04) |
Weighted average shares outstanding: | ' | ' | ' | ' |
Basic | 154,885 | 154,706 | 154,883 | 154,701 |
Diluted | 159,064 | 155,377 | 158,008 | 154,701 |
Comprehensive income (loss): | ' | ' | ' | ' |
Net income (loss) | 11,287 | 5,284 | 28,309 | -6,097 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Foreign currency gain (loss) | 9,469 | 6,096 | -7,144 | -5,756 |
Pension and other postretirement benefit activity | -1,373 | -980 | -4,085 | 306 |
Total other comprehensive income (loss), net of tax | 8,096 | 5,116 | -11,229 | -5,450 |
Total comprehensive income (loss) | $19,383 | $10,400 | $17,080 | ($11,547) |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $312,045 | $264,375 |
Accounts receivable, less allowance for doubtful accounts of $13,452 and $14,555, respectively | 641,815 | 596,050 |
Inventories, net | 367,590 | 311,970 |
Prepaid expenses and other current assets | 60,107 | 53,790 |
Deferred income taxes | 47,149 | 61,072 |
Total current assets | 1,428,706 | 1,287,257 |
Property, plant and equipment, net of accumulated depreciation of $177,179 and $146,044, respectively | 331,889 | 355,212 |
Goodwill | 1,458,294 | 1,473,932 |
Other intangible assets, net | 1,469,291 | 1,578,683 |
Other noncurrent assets | 110,596 | 98,180 |
Total assets | 4,798,776 | 4,793,264 |
Liabilities and Stockholders' Equity | ' | ' |
Accounts payable | 242,142 | 194,301 |
Other accrued liabilities | 286,337 | 344,542 |
Current portion of long-term debt | 10,746 | 10,776 |
Total current liabilities | 539,225 | 549,619 |
Long-term debt | 3,004,024 | 2,459,994 |
Deferred income taxes | 424,017 | 429,312 |
Pension and other postretirement benefit liabilities | 53,029 | 72,317 |
Other noncurrent liabilities | 120,477 | 99,740 |
Total liabilities | 4,140,772 | 3,610,982 |
Commitments and contingencies | ' | ' |
Stockholders' equity: | ' | ' |
Common stock, $.01 par value: Authorized shares: 300,000,000; Issued and outstanding shares: 154,884,600 and 154,879,299 at September 30, 2013 and December 31, 2012, respectively | 1,558 | 1,558 |
Additional paid-in capital | 1,664,334 | 1,655,379 |
Accumulated deficit | -969,378 | -447,687 |
Accumulated other comprehensive loss | -27,875 | -16,646 |
Treasury stock, at cost: 961,566 shares and 936,300 shares at September 30, 2013 and December 31, 2012, respectively | -10,635 | -10,322 |
Total stockholders' equity | 658,004 | 1,182,282 |
Total liabilities and stockholders' equity | $4,798,776 | $4,793,264 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for doubtful accounts receivable | $13,452 | $14,555 |
Accumulated depreciation, Property, plant and equipment | $177,179 | $146,044 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 300,000,000 | 300,000,000 |
Common stock, shares issued | 154,884,600 | 154,879,299 |
Common stock, shares outstanding | 154,884,600 | 154,879,299 |
Treasury stock, shares | 961,566 | 936,300 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating Activities: | ' | ' |
Net income (loss) | $28,309 | ($6,097) |
Adjustments to reconcile net income (loss) to net cash generated by operating activities: | ' | ' |
Depreciation and amortization | 183,865 | 198,155 |
Equity-based compensation | 12,657 | 5,382 |
Excess tax benefits from equity-based compensation | -9 | -22 |
Deferred income taxes | 14,728 | -36,401 |
Asset impairments | 41,802 | 38,271 |
Changes in assets and liabilities: | ' | ' |
Accounts receivable | -46,795 | -106,991 |
Inventories | -57,546 | -44,596 |
Prepaid expenses and other assets | -20,481 | 3,018 |
Accounts payable and other liabilities | -19,779 | 2,540 |
Other | 14,516 | 684 |
Net cash generated by operating activities | 151,267 | 53,943 |
Investing Activities: | ' | ' |
Additions to property, plant and equipment | -27,729 | -19,390 |
Proceeds from sale of property, plant and equipment | 1,238 | 1,949 |
Cash paid for acquisitions | -55,770 | -12,214 |
Other | 2,902 | 2,301 |
Net cash used in investing activities | -79,359 | -27,354 |
Financing Activities: | ' | ' |
Long-term debt repaid | -205,237 | -266,746 |
Long-term debt proceeds | 747,035 | 174,150 |
Long-term debt issuance costs | -13,127 | -2,701 |
Dividends paid | -538,705 | ' |
Cash paid to stock option holders | -11,295 | ' |
Excess tax benefits from equity-based compensation | 9 | 22 |
Other | -32 | -101 |
Net cash used in financing activities | -21,352 | -95,376 |
Effect of exchange rate changes on cash and cash equivalents | -2,886 | -4,160 |
Change in cash and cash equivalents | 47,670 | -72,947 |
Cash and cash equivalents, beginning of period | 264,375 | 317,102 |
Cash and cash equivalents, end of period | $312,045 | $244,155 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] | Treasury Stock, at Cost [Member] |
In Thousands, except Share data | ||||||
Beginning balance at Dec. 31, 2011 | ' | $1,554 | $1,649,200 | ($252,308) | ($26,364) | ($5,957) |
Beginning balance, Shares at Dec. 31, 2011 | ' | 154,688,355 | ' | ' | ' | ' |
Issuance of shares under equity-based compensation plans, Shares | ' | 104,583 | ' | ' | ' | ' |
Shares repurchased under equity-based compensation plans, Shares | ' | -86,523 | ' | ' | ' | ' |
Issuance of shares under equity-based compensation plans | ' | ' | 793 | ' | ' | ' |
Net income (loss) | -6,097 | ' | ' | -6,097 | ' | ' |
Other comprehensive loss, net of tax | -5,450 | ' | ' | ' | -5,450 | ' |
Net shares repurchased under equity-based compensation plans | ' | ' | ' | ' | ' | -894 |
Equity-based compensation | ' | ' | 2,868 | ' | ' | ' |
Tax benefit (deficiency) from shares issued under equity-based compensation plans | ' | ' | -204 | ' | ' | ' |
Ending balance at Sep. 30, 2012 | 1,357,141 | 1,554 | 1,652,657 | -258,405 | -31,814 | -6,851 |
Ending balance, Shares at Sep. 30, 2012 | ' | 154,706,415 | ' | ' | ' | ' |
Beginning balance at Dec. 31, 2012 | 1,182,282 | 1,558 | 1,655,379 | -447,687 | -16,646 | -10,322 |
Beginning balance, Shares at Dec. 31, 2012 | 154,879,299 | 154,879,299 | ' | ' | ' | ' |
Issuance of shares under equity-based compensation plans, Shares | ' | 30,567 | ' | ' | ' | ' |
Shares repurchased under equity-based compensation plans, Shares | ' | -25,266 | ' | ' | ' | ' |
Issuance of shares under equity-based compensation plans | ' | ' | 279 | ' | ' | ' |
Net income (loss) | 28,309 | ' | ' | 28,309 | ' | ' |
Other comprehensive loss, net of tax | -11,229 | ' | ' | ' | -11,229 | ' |
Net shares repurchased under equity-based compensation plans | ' | ' | ' | ' | ' | -313 |
Equity-based compensation | ' | ' | 8,667 | ' | ' | ' |
Dividends paid | ' | ' | ' | -538,705 | ' | ' |
Tax benefit (deficiency) from shares issued under equity-based compensation plans | ' | ' | 9 | ' | ' | ' |
Cash paid to stock option holders | 11,295 | ' | ' | -11,295 | ' | ' |
Ending balance at Sep. 30, 2013 | $658,004 | $1,558 | $1,664,334 | ($969,378) | ($27,875) | ($10,635) |
Ending balance, Shares at Sep. 30, 2013 | 154,884,600 | 154,884,600 | ' | ' | ' | ' |
Background_and_Basis_of_Presen
Background and Basis of Presentation | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Background and Basis of Presentation | ' | ||||||||||||||||
1. BACKGROUND AND BASIS OF PRESENTATION | |||||||||||||||||
Background | |||||||||||||||||
CommScope Holding Company, Inc., along with its direct and indirect subsidiaries (CommScope or the Company), is a global provider of essential infrastructure solutions for wireless, business enterprise and residential broadband networks. The Company’s solutions and services for wired and wireless networks enable high-bandwidth data, video and voice applications. CommScope’s global position is built upon innovative technology, broad solution offerings, high-quality and cost-effective customer solutions and global manufacturing and distribution scale. | |||||||||||||||||
Basis of Presentation | |||||||||||||||||
The Condensed Consolidated Balance Sheet as of September 30, 2013, the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three and nine months ended September 30, 2013 and 2012, and the Condensed Consolidated Statements of Cash Flows and Stockholders’ Equity for the nine months ended September 30, 2013 and 2012 are unaudited and reflect all adjustments of a normal recurring nature that are, in the opinion of management, necessary for a fair presentation of the interim period financial statements. The results of operations for the interim periods are not necessarily indicative of the results of operations to be expected for the full year. | |||||||||||||||||
The unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) for interim financial information and are presented in accordance with the applicable requirements of Rule 10-01 of Regulation S-X. Accordingly, these financial statements do not include all of the information and notes required by U.S. GAAP for complete financial statements. The significant accounting policies followed by the Company are set forth in Note 2 within the Company’s audited consolidated financial statements included in the Company’s Form S-1 filed October 11, 2013. There were no changes in the Company’s significant accounting policies during the three and nine months ended September 30, 2013. In addition, the Company reaffirms the use of estimates in the preparation of the financial statements as set forth in the audited consolidated financial statements. These interim condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements. | |||||||||||||||||
On October 4, 2013, the Company effected a 3-for-1 stock split of its common stock. All share and per share numbers have been revised to reflect the stock split. | |||||||||||||||||
Concentrations of Risk and Related Party Transactions | |||||||||||||||||
Net sales to Anixter International Inc. and its affiliates (Anixter) accounted for approximately 12% of the Company’s total net sales during both the three and nine months ended September 30, 2013. Net sales to Anixter accounted for approximately 12% and 13% of the Company’s total net sales during the three and nine months ended September 30, 2012, respectively. Sales to Anixter primarily originate within the Enterprise segment. Other than Anixter, no customer accounted for 10% or more of the Company’s total net sales for the three or nine months ended September 30, 2013 or 2012. | |||||||||||||||||
Accounts receivable from Anixter represented approximately 12% of accounts receivable as of September 30, 2013. Other than Anixter, no other customer accounted for 10% or more of the Company’s accounts receivable as of September 30, 2013. | |||||||||||||||||
As of September 30, 2013, the Company was 98.4% owned by funds affiliated with The Carlyle Group (Carlyle). The Company paid $0.8 million of the annual management and oversight fee to Carlyle in both the three months ended September 30, 2013 and 2012 and $2.3 million of the annual management and oversight fee to Carlyle in both the nine months ended September 30, 2013 and 2012. In October 2013, the Company paid Carlyle approximately $20.2 million to terminate the management agreement. See Footnote 12 – Subsequent Events. | |||||||||||||||||
Product Warranties | |||||||||||||||||
The Company recognizes a liability for the estimated claims that may be paid under its customer warranty agreements to remedy potential deficiencies of quality or performance of the Company’s products. These product warranties extend over periods ranging from one to twenty-five years from the date of sale, depending upon the product subject to the warranty. The Company records a provision for estimated future warranty claims as cost of sales based upon the historical relationship of warranty claims to sales and specifically-identified warranty issues. The Company bases its estimates on assumptions that are believed to be reasonable under the circumstances and revises its estimates, as appropriate, when events or changes in circumstances indicate that revisions may be necessary. Such revisions may be material. | |||||||||||||||||
The following table summarizes the activity in the product warranty accrual, included in other accrued liabilities: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Product warranty accrual, beginning of period | $ | 24,127 | $ | 19,923 | $ | 26,005 | $ | 18,653 | |||||||||
Provision for warranty claims | 2,421 | 6,708 | 3,568 | 11,151 | |||||||||||||
Warranty claims paid | (2,437 | ) | (1,752 | ) | (5,462 | ) | (4,925 | ) | |||||||||
Product warranty accrual, end of period | $ | 24,111 | $ | 24,879 | $ | 24,111 | $ | 24,879 | |||||||||
Commitments and Contingencies | |||||||||||||||||
The Company is either a plaintiff or a defendant in pending legal matters in the normal course of business. Management believes none of these other legal matters will have a material adverse effect on the Company’s business or financial condition upon final disposition. | |||||||||||||||||
On May 12, 2010, a putative stockholder class action lawsuit, asserting claims under the Securities Exchange Act of 1934 (the 1934 Act), was filed in the United States District Court for the Western District of North Carolina against the Company and certain of its current and former officers. The lawsuit alleged violations of the 1934 Act and SEC Rule 10b-5, related to allegedly false and misleading statements and/or omissions by the Company about its financial condition and future sales prospects during the period between April 29, 2008 and October 30, 2008. On August 6, 2013, the United States District Court for the Western District of North Carolina granted the Company’s motion to dismiss the stockholder class action lawsuit and entered judgment in favor of the Company. Plaintiffs did not file a Notice of Appeal by the deadline and thus this lawsuit was concluded in the favor of CommScope and the other defendants. | |||||||||||||||||
As of September 30, 2013, the Company had commitments of $17.1 million to purchase metals that are expected to be consumed in normal production by March 2014. In the aggregate, these commitments were at prices less than 2% above market prices as of September 30, 2013. | |||||||||||||||||
Asset Impairment | |||||||||||||||||
During the first six months of 2013, the Broadband segment experienced lower than expected levels of sales and operating income. Management considered these results and the longer term effect of market conditions on the continued operations of the business and determined that an indicator of possible impairment existed. A step one goodwill impairment test was performed using a discounted cash flow (DCF) valuation model. The significant assumptions in the DCF model are the annual revenue growth rate, the annual operating income margin, and the discount rate used to determine the present value of the cash flow projections. The discount rate was based on the estimated weighted average cost of capital as of the test date of market participants in the industry in which the Broadband segment (which is considered a reporting unit) operates. Based on the estimated fair values generated by the DCF model, the Broadband segment did not pass step one of the goodwill impairment test. Accordingly, a step two analysis was initiated, and a preliminary goodwill impairment charge of $28.8 million was recorded during the three months ended June 30, 2013. The step two analysis was completed during the three months ended September 30, 2013 and an incremental $7.3 million impairment charge was recorded. The goodwill impairment charge resulted primarily from lower projected operating results than those assumed during the 2012 annual impairment test. | |||||||||||||||||
A summary of the effects of changes in key assumptions, assuming all other assumptions remain constant, on the fair value compared to the carrying value, as of the impairment test date is as follows: | |||||||||||||||||
Deficit of estimated fair value compared to the | |||||||||||||||||
carrying value as a percent of carrying value | |||||||||||||||||
Reportable Segment | Actual | Decrease of 0.5% in | Decrease of 0.5% in | Increase of | |||||||||||||
valuation | annual revenue | annual operating | 0.5% in | ||||||||||||||
growth rate | income margin | discount rate | |||||||||||||||
Broadband | (1.3 | )% | (5.0 | )% | (6.1 | )% | (4.7 | )% | |||||||||
The weighted average discount rate used in the impairment test for the Broadband segment was 11.0% compared to 11.5% that was used in the 2012 annual goodwill impairment test. | |||||||||||||||||
Property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable, based on the undiscounted cash flows expected to be derived from the use and ultimate disposition of the assets. Assets identified as impaired are carried at their estimated fair value. During the nine months ended September 30, 2013, the Company obtained new market data regarding a facility which is being marketed for sale. Based on this data, the Company recorded a pretax impairment charge of $3.6 million which was recognized within the Wireless segment. Also during the nine months ended September 30, 2013, the Company concluded that certain production equipment would no longer be utilized and consequently recorded pretax impairment charges of $2.0 million within the Wireless segment. | |||||||||||||||||
Income Taxes | |||||||||||||||||
For the three and nine months ended September 30, 2013, income tax expense reflected net increases in valuation allowances of $4.0 million and $25.2 million, respectively, related to (1) foreign tax credit carryforwards that the Company has determined are not likely to be realized, primarily due to an increase in future interest expense expected as a result of current year borrowings and (2) net operating loss carryforwards in certain foreign jurisdictions as a result of changes in profitability. In addition to the impact of the valuation allowances, the effective income tax rate for the three and nine months ended September 30, 2013 was also affected by goodwill impairment charges for which no tax benefit was recognized, losses in certain foreign jurisdictions where the Company did not recognize tax benefits due to the likelihood of them not being realizable, tax costs associated with repatriation of foreign earnings and adjustments related to prior years’ tax returns in various jurisdictions. | |||||||||||||||||
Income tax expense for the three and nine months ended September 30, 2012 reflected net increases in valuation allowances in foreign jurisdictions, adjustments related to filing the 2011 U.S. federal income tax return and additional expense related to uncertain tax positions. In addition to these items, the effective income tax rate for the prior year periods was also impacted by losses in certain foreign jurisdictions where the Company did not recognize tax benefits due to the likelihood of them not being realizable and tax costs associated with repatriation of foreign earnings. | |||||||||||||||||
Excluding the items listed above, the effective income tax rate for the three and nine months ended September 30, 2013 and 2012 was higher than the statutory rate of 35% primarily due to the provision for state income taxes and certain tax costs associated with repatriation of foreign earnings. The Company expects to continue to provide U.S. taxes on substantially all of our current year foreign earnings in anticipation that such earnings will be repatriated to the U.S. | |||||||||||||||||
Earnings (Loss) Per Share | |||||||||||||||||
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is based on net income (loss) divided by the weighted average number of common shares outstanding adjusted for the dilutive effect of stock options. Below is a reconciliation of weighted average common shares and potential common shares outstanding for calculating diluted earnings (loss) per share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income (loss) for basic and diluted earnings (loss) per share | $ | 11,287 | $ | 5,284 | $ | 28,309 | $ | (6,097 | ) | ||||||||
Denominator: | |||||||||||||||||
Weighted average number of common shares outstanding for basic earnings (loss) per share | 154,885 | 154,706 | 154,883 | 154,701 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Stock options (a) | 4,179 | 671 | 3,125 | — | |||||||||||||
Weighted average number of common shares and potential common shares outstanding for diluted earnings (loss) per share | 159,064 | 155,377 | 158,008 | 154,701 | |||||||||||||
(a) | No options to purchase common shares were excluded from the computation of diluted earnings per share for the three months ended September 30, 2013 and 7.5 million common shares were excluded from the computation of diluted loss per share for the three months ended September 30, 2012, because they would have been anti-dilutive. Options to purchase 0.2 million and 11.2 million common shares were excluded from the computation of diluted earnings (loss) per share for the nine months ended September 30, 2013 and 2012, respectively, because they would have been anti-dilutive. |
Acquisitions
Acquisitions | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Business Combinations [Abstract] | ' | ||||
Acquisitions | ' | ||||
2. ACQUISITIONS | |||||
In March 2013, the Company acquired substantially all of the assets and assumed certain liabilities of iTRACS Corporation (iTRACS) for approximately $34.0 million in cash. iTRACS develops and markets enterprise-class data center infrastructure management (DCIM) solutions and is reported within the Enterprise segment. Net sales of iTRACS products and services were immaterial for the three and nine months ended September 30, 2013. The preliminary allocation of the purchase price, based on estimates of the fair values of assets acquired and liabilities assumed, is as follows: | |||||
Estimated Fair Value | |||||
(in millions) | |||||
Current assets | $ | 1.6 | |||
Noncurrent assets, excluding intangible assets | 0.7 | ||||
Other intangible assets | 13.1 | ||||
Goodwill | 19.8 | ||||
Less: Liabilities assumed | (1.2 | ) | |||
Net acquisition cost | $ | 34 | |||
The goodwill arising from the preliminary purchase price allocation of the iTRACS acquisition is believed to result from the company’s reputation in the marketplace and assembled workforce and is expected to be deductible for tax purposes. | |||||
As additional information is obtained, adjustments may be made to the preliminary purchase price allocation. The Company is still finalizing the valuation of the fair value of certain tangible and intangible assets acquired. | |||||
In July 2013, the Company acquired Redwood Systems, Inc. (Redwood), a provider of LED lighting solutions and integrated sensor networks for data centers and buildings. Redwood was acquired for an initial payment of $9.8 million and contingent consideration with an estimated fair value of $12.4 million. The Company may be required to pay up to an additional $37.25 million of consideration if certain net sales targets of up to $55.0 million are met over various periods through July 31, 2015. In addition there are retention payments for employees of Redwood of up to $11.75 million based on the same net sales targets as the contingent consideration. Net sales of Redwood products and services were $1.0 million for both the three and nine months ended September 30, 2013 and are reported in the Enterprise segment. The preliminary allocation of the purchase price, based on estimates of the fair values of assets acquired and liabilities assumed, is as follows: | |||||
Estimated Fair Value | |||||
(in millions) | |||||
Current assets | $ | 2.4 | |||
Deferred taxes | 8.2 | ||||
Other intangible assets | 9 | ||||
Goodwill | 3.5 | ||||
Other noncurrent assets | 0.8 | ||||
Less: Liabilities assumed | (1.7 | ) | |||
Net acquisition cost | $ | 22.2 | |||
The goodwill arising from the preliminary purchase price allocation of the Redwood acquisition is believed to result from the company’s reputation in the marketplace and assembled workforce and is not expected to be deductible for tax purposes. | |||||
The Company is still finalizing the valuation and as additional information is obtained, adjustments may be made to the preliminary purchase price allocation. | |||||
During the three months ended September 30, 2013, the Company paid the final purchase price payment ($12 million) for the Argus acquisition. |
Goodwill
Goodwill | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Goodwill | ' | ||||||||||||||||
3. GOODWILL | |||||||||||||||||
The following table presents the allocation of goodwill by reportable segment: | |||||||||||||||||
Wireless | Enterprise | Broadband | Total | ||||||||||||||
(in millions) | |||||||||||||||||
Goodwill, gross, as of January 1, 2013 | $ | 824.8 | $ | 636.5 | $ | 92.8 | $ | 1,554.10 | |||||||||
Preliminary purchase price allocation | — | 23.3 | — | 23.3 | |||||||||||||
Foreign exchange | (2.7 | ) | — | — | (2.7 | ) | |||||||||||
Goodwill, gross, as of September 30, 2013 | 822.1 | 659.8 | 92.8 | 1,574.70 | |||||||||||||
Accumulated impairment charges as of January 1, 2013 | (80.2 | ) | — | — | (80.2 | ) | |||||||||||
Impairment charges recorded during the nine months ended September 30, 2013 | — | — | (36.2 | ) | (36.2 | ) | |||||||||||
Goodwill, net, as of September 30, 2013 | $ | 741.9 | $ | 659.8 | $ | 56.6 | $ | 1,458.30 | |||||||||
Supplemental_Financial_Stateme
Supplemental Financial Statement Information | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||
Supplemental Financial Statement Information | ' | ||||||||||||
4. SUPPLEMENTAL FINANCIAL STATEMENT INFORMATION | |||||||||||||
Inventories | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Raw materials | $ | 79,420 | $ | 69,520 | |||||||||
Work in process | 122,215 | 96,389 | |||||||||||
Finished goods | 165,955 | 146,061 | |||||||||||
$ | 367,590 | $ | 311,970 | ||||||||||
Equity Method Investments | |||||||||||||
The Company utilizes the equity method of accounting for investments in entities where it does not have control but has the ability to exercise significant influence. The only significant equity method investment held by the Company is an investment in Hydrogenics Corporation (Hydrogenics), a publicly traded company (24.9% ownership investment at September 30, 2013 and 28.4% ownership investment at December 31, 2012). | |||||||||||||
Hydrogenics is a supplier of hydrogen generators and hydrogen-based power modules and fuel cells for various uses. Hydrogenics supplies the Company with fuel cells for use in back-up power solutions within the Wireless segment. | |||||||||||||
The carrying value of equity method investments was $3.2 million at September 30, 2013 and $4.5 million at December 31, 2012. Equity method investments are recorded in other noncurrent assets on the Condensed Consolidated Balance Sheet. | |||||||||||||
The Company’s share of earnings and losses of its equity method investments are recorded in other expense, net on the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss). The Company’s share of losses in our equity method investments was $1.1 million and $1.3 million for the three and nine months ended September 30, 2013, respectively, compared to $0.9 million and $1.8 million for the three and nine months ended September 30, 2012, respectively. Also included in the nine months ended September 30, 2013 was the $0.8 million write-off of one such investment. | |||||||||||||
Other Accrued Liabilities | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Compensation and employee benefit liabilities | $ | 106,215 | $ | 114,679 | |||||||||
Deferred revenue | 21,969 | 37,663 | |||||||||||
Product warranty accrual | 24,111 | 26,005 | |||||||||||
Accrued interest | 45,191 | 63,783 | |||||||||||
Restructuring reserve | 8,025 | 20,481 | |||||||||||
Other | 80,826 | 81,931 | |||||||||||
$ | 286,337 | $ | 344,542 | ||||||||||
Accumulated Other Comprehensive Loss | |||||||||||||
Changes in accumulated other comprehensive loss, net of tax, are as follows: | |||||||||||||
Foreign Currency | Pension | Total | |||||||||||
Gain (Loss) | and Other | ||||||||||||
Postretirement | |||||||||||||
Benefit Activity | |||||||||||||
Balance at June 30, 2013 | $ | (40,837 | ) | $ | 4,866 | $ | (35,971 | ) | |||||
Other comprehensive loss before reclassifications | 9,469 | — | 9,469 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (1,373 | ) | (1,373 | ) | ||||||||
Net current period other comprehensive loss | 9,469 | (1,373 | ) | 8,096 | |||||||||
Balance at September 30, 2013 | $ | (31,368 | ) | $ | 3,493 | $ | (27,875 | ) | |||||
Balance at December 31, 2012 | $ | (24,224 | ) | $ | 7,578 | $ | (16,646 | ) | |||||
Other comprehensive loss before reclassifications | (7,144 | ) | — | (7,144 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (4,085 | ) | (4,085 | ) | ||||||||
Net current period other comprehensive loss | (7,144 | ) | (4,085 | ) | (11,229 | ) | |||||||
Balance at September 30, 2013 | $ | (31,368 | ) | $ | 3,493 | $ | (27,875 | ) | |||||
Pension and other postretirement benefit amounts reclassified from accumulated other comprehensive loss are included in the computation of net periodic benefit income and are primarily recorded in cost of sales and selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). | |||||||||||||
Cash Flow Information | |||||||||||||
Nine Months Ended | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Cash paid during the period for: | |||||||||||||
Income taxes, net of refunds | $ | 65,675 | $ | 52,419 | |||||||||
Interest | $ | 155,903 | $ | 160,621 | |||||||||
Noncash financing activities: | |||||||||||||
Acquisition of treasury stock resulting from stock option exercises | $ | 281 | $ | 793 |
Financing
Financing | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Financing | ' | ||||||||
5. FINANCING | |||||||||
September 30, 2013 | December 31, 2012 | ||||||||
8.25% senior notes due January 2019 | $ | 1,500,000 | $ | 1,500,000 | |||||
Senior secured term loan due January 2018 | 975,000 | 982,500 | |||||||
Senior PIK toggle notes due June 2020 | 550,000 | — | |||||||
Senior secured revolving credit facility expires January 2017 | — | — | |||||||
Other | 1,117 | 1,696 | |||||||
$ | 3,026,117 | $ | 2,484,196 | ||||||
Less: Original issue discount, net of amortization | (11,347 | ) | (13,426 | ) | |||||
Less: Current portion | (10,746 | ) | (10,776 | ) | |||||
$ | 3,004,024 | $ | 2,459,994 | ||||||
Senior PIK Toggle Notes | |||||||||
On May 28, 2013, CommScope Holding Company, Inc. (Holdco) issued $550.0 million of 6.625%/7.375% Senior Payment-in-Kind Toggle Notes due 2020 (the senior PIK toggle notes) in a private offering, for proceeds of $538.8 million, net of debt issuance costs. The senior PIK toggle notes are senior unsecured obligations that are not guaranteed by any of Holdco’s subsidiaries. | |||||||||
Holdco may redeem the notes in whole or part during periods after June 1, 2016 at redemption prices (expressed as a percentage of the principal amount), plus accrued and unpaid interest to the redemption date, as follows: (i) June 1, 2016 through May 31, 2017 at 103.313%; (ii) June 1, 2017 through May 31, 2018 at 101.656%; and (iii) June 1, 2018 to maturity at 100.000%. | |||||||||
The senior PIK toggle notes will pay interest semi-annually in arrears on each June 1 and December 1, commencing on December 1, 2013. The first interest payment on the senior PIK toggle notes is payable in cash. For each interest period thereafter, Holdco is required to pay interest on the senior PIK toggle notes entirely in cash, unless the Applicable Amount, as defined in the indenture governing the senior PIK toggle notes (the PIK Notes Indenture), is less than the applicable semi-annual requisite interest payment amount, in which case, Holdco may elect to pay a portion of the interest due on the senior PIK toggle notes for such interest period by increasing the principal amount of the senior PIK toggle notes or by issuing new notes for up to the entire amount of the interest payment (in each case, PIK interest) to the extent described in the PIK Notes Indenture. Cash interest on the senior PIK toggle notes will accrue at the rate of 6.625% per annum. PIK interest on the senior PIK toggle notes will accrue at the rate of 7.375% per annum until the next payment of cash interest. | |||||||||
For the purposes of the PIK Notes Indenture, “Applicable Amount” generally refers to the Company’s then current restricted payment capacity under the instruments governing the Company’s indebtedness, less $20 million, and plus Holdco’s cash and cash equivalents less $10 million. Based on the Applicable Amount, as of September 30, 2013, Holdco would be required to make its next interest payment on the senior PIK toggle notes entirely in cash. | |||||||||
The senior PIK toggle notes are structurally subordinated to indebtedness and other liabilities of subsidiaries of Holdco. Claims of creditors of such subsidiaries, including trade creditors, will have priority with respect to the assets and earnings of such subsidiaries over the holders of the senior PIK toggle notes. Holdco is a holding company with no material operations of its own and is, therefore, dependent upon the revenues and cash flows of its subsidiaries to service its debt obligations. | |||||||||
The net proceeds from the issuance of the senior PIK toggle notes and available cash were used to fund a $550.0 million special cash dividend and distribution to Holdco’s equity holders. | |||||||||
Senior Secured Credit Facilities | |||||||||
During the first quarter of 2013, the Company amended its senior secured term loan primarily to lower the interest rate. The amendment resulted in the repayment of $32.0 million to certain lenders who exited the senior secured term loan syndicate and the receipt of $32.0 million in proceeds from new lenders and existing lenders who increased their positions. The senior secured term loan was amended such that the interest rate is now equal to, at the Company’s option, either (1) the base rate (which is the highest of the then current Federal Funds rate plus 0.5%, the prime rate most recently announced by JPMorgan Chase Bank, N.A., the administrative agent under the term loan and revolving credit facility, and the one-month Eurodollar rate plus 1.0%) plus a margin of 1.75% or (2) the greater of (a) one-, two-, three- or six-month LIBOR (selected at the Company’s option) plus a margin of 2.75% or (b) 3.75%. The unused line fee calculated on the undrawn portion of the revolving credit facility was 0.375% as of September 30, 2013 based on usage of the facility. | |||||||||
As a result of the lenders who exited the senior secured term loan syndicate in conjunction with the amendment, $0.2 million of original issue discount and $0.3 million of deferred financing fees associated with the senior secured term loan were written off and included in interest expense. In connection with amending the senior secured term loan, the Company incurred pretax costs of $1.9 million, which are included in other expense, net on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) and in long-term debt financing costs on the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2013. | |||||||||
During the three and nine months ended September 30, 2013, the Company made scheduled principal repayments of $2.5 million and $7.5 million, respectively, on its senior secured term loan. None of the senior secured term loan was reflected as a current portion of long-term debt as of September 30, 2013 related to the excess cash flow payment that may be required because the amount that may be payable in 2014, if any, cannot currently be reliably estimated. There was no excess cash flow payment required in 2013 related to 2012. | |||||||||
During the nine months ended September 30, 2013, the Company borrowed and repaid $165.0 million under the revolving credit facility. As of September 30, 2013, the Company had remaining availability of approximately $328.7 million under the asset-based revolving credit facility, after giving effect to $56.7 million of outstanding letters of credit and the borrowing base limitations for additional secured borrowings. | |||||||||
Other Matters | |||||||||
The Company’s non-guarantor subsidiaries under the 8.25% senior notes due January 2019 held approximately $1,067 million, or 22.2%, of total assets and approximately $271 million, or 6.6%, of total liabilities as of September 30, 2013 and accounted for approximately $338 million, or 38.1%, and $992 million, or 37.7%, of net sales for the three and nine months ended September 30, 2013, respectively. As of December 31, 2012, the non-guarantor subsidiaries held approximately $952 million, or 20%, of total assets and approximately $270 million, or 7%, of total liabilities. For the three and nine months ended September 30, 2012, the non-guarantor subsidiaries accounted for approximately $354 million, or 39.6%, and $1,017 million, or 41.1%, respectively, of net sales. All amounts presented exclude intercompany balances. | |||||||||
The weighted average effective interest rate on outstanding borrowings, including the amortization of deferred financing costs and original issue discount, was 7.09% and 7.33% at September 30, 2013 and December 31, 2012, respectively. | |||||||||
See Note 6 in the audited consolidated financial statements included in the Company’s Form S-1 filed October 11, 2013 for additional information on the terms and conditions of the 8.25% senior notes and the senior secured credit facilities. |
Derivatives_and_Hedging_Activi
Derivatives and Hedging Activities | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||
Derivatives and Hedging Activities | ' | ||||||||||
6. DERIVATIVES AND HEDGING ACTIVITIES | |||||||||||
The Company uses forward contracts to hedge a portion of its exposure to balances denominated in currencies other than the functional currency of various subsidiaries in order to mitigate the impact of changes in exchange rates. At September 30, 2013, the Company had foreign exchange contracts with maturities ranging from one to six months with an aggregate notional value of $212 million (based on exchange rates as of September 30, 2013). Unrealized gains and losses resulting from these contracts are recognized in other expense, net and partially offset corresponding foreign exchange gains and losses on these balances. These instruments are not held for speculative or trading purposes. These contracts are not designated as hedges for hedge accounting and are marked to market each period through earnings. The following table presents the balance sheet location and fair value of the Company’s derivatives: | |||||||||||
Fair Value of Asset (Liability) | |||||||||||
Balance Sheet Location | September 30, 2013 | December 31, 2012 | |||||||||
Foreign currency contracts | Prepaid expenses and other current assets | $ | 2,887 | $ | 1,314 | ||||||
Foreign currency contracts | Other accrued liabilities | (634 | ) | (474 | ) | ||||||
Total derivatives not designated as hedging instruments | $ | 2,253 | $ | 840 | |||||||
The pretax impact of the foreign currency forward contracts not designated as hedging instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows: | |||||||||||
Foreign Currency Forward Contracts | Location of Gain (Loss) | Gain (Loss) Recognized | |||||||||
Three Months Ended September 30, 2013 | Other expense, net | $ | 3,227 | ||||||||
Three Months Ended September 30, 2012 | Other expense, net | $ | 472 | ||||||||
Nine Months Ended September 30, 2013 | Other expense, net | $ | 6,903 | ||||||||
Nine Months Ended September 30, 2012 | Other expense, net | $ | (1,447 | ) |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||||||
7. FAIR VALUE MEASUREMENTS | |||||||||||||||||||||
Fair value measurements using quoted prices in active markets for identical assets and liabilities fall within Level 1 of the fair value hierarchy, measurements using significant other observable inputs fall within Level 2, and measurements using significant unobservable inputs fall within Level 3. | |||||||||||||||||||||
The Company’s financial instruments consist primarily of cash and cash equivalents, trade receivables, trade payables, debt instruments, foreign currency contracts and contingent consideration payable. For cash and cash equivalents, trade receivables and trade payables, the carrying amounts of these financial instruments as of September 30, 2013 and December 31, 2012 were considered representative of their fair values due to their short terms to maturity. The fair values of the Company’s debt instruments and foreign currency contracts were based on indicative quotes. The fair value of the contingent consideration payable was based on a probability weighted discounted cash flow analysis. | |||||||||||||||||||||
The carrying amounts, estimated fair values and valuation input levels of the Company’s equity method investment, foreign currency contracts, senior notes, senior PIK toggle notes, senior secured term loans and contingent consideration payable as of September 30, 2013 and December 31, 2012, are as follows: | |||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||
Carrying | Fair Value | Carrying | Fair Value | Valuation | |||||||||||||||||
Amount | Amount | Inputs | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Equity method investment | $ | 3,234 | $ | 27,730 | $ | 4,492 | $ | 14,805 | Level 1 | ||||||||||||
Foreign currency contracts | $ | 2,887 | $ | 2,887 | $ | 1,314 | $ | 1,314 | Level 2 | ||||||||||||
Liabilities: | |||||||||||||||||||||
8.25% senior notes | $ | 1,500,000 | $ | 1,629,300 | $ | 1,500,000 | $ | 1,642,500 | Level 2 | ||||||||||||
Senior secured term loan, at par | $ | 975,000 | $ | 977,126 | $ | 982,500 | $ | 987,413 | Level 2 | ||||||||||||
Senior PIK toggle notes | $ | 550,000 | $ | 547,250 | $ | — | $ | — | Level 2 | ||||||||||||
Foreign currency contracts | $ | 634 | $ | 634 | $ | 474 | $ | 474 | Level 2 | ||||||||||||
Contingent consideration | $ | 12,937 | $ | 12,937 | $ | — | $ | — | Level 3 | ||||||||||||
Contingent consideration represents the estimated fair value of the expected payment due related to the acquisition of Redwood. The contingent consideration is payable in 2015 and could range from zero to $37.25 million. The amount to be paid is based on the achievement of sales targets of Redwood products with a maximum payout reached with $55.0 million of sales by July 31, 2015. The estimated fair value of the contingent consideration was $12.4 million as of July 3, 2013, the Redwood acquisition date. Expense of $0.6 million related to the change in estimated fair value was recorded in selling, general and administrative expense in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the three and nine months ended September 30, 2013. | |||||||||||||||||||||
During the three and nine months ended September 30, 2013, the Company recorded pretax goodwill impairment charges of $7.3 million and $36.2 million, respectively, related to the Broadband segment as a result of reduced expectations of future cash flows, primarily from lower projected operating results. The valuations supporting the goodwill impairment charges are based on Level 3 valuation inputs. During the nine months ended September 30, 2013, the Company obtained new market data regarding a facility which is being marketed for sale. Based on this data, the Company recorded a pretax impairment charge of $3.6 million which was recognized within the Wireless segment. Also during the nine months ended September 30, 2013, the Company concluded that certain production equipment would no longer be utilized and consequently recorded pretax impairment charges of $2.0 million within the Wireless segment. The valuations supporting the facility and equipment impairment charges are based on Level 3 valuation inputs. | |||||||||||||||||||||
These fair value estimates are based on pertinent information available to management as of September 30, 2013 and December 31, 2012. Although management is not aware of any factors that would significantly affect these fair value estimates, such amounts have not been comprehensively revalued for purposes of these financial statements since those dates and current estimates of fair value may differ significantly from the amounts presented. |
Industry_Segment_and_Geographi
Industry Segment and Geographic Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Industry Segment and Geographic Information | ' | ||||||||||||||||
8. INDUSTRY SEGMENT AND GEOGRAPHIC INFORMATION | |||||||||||||||||
The Company’s three reportable segments, which align with the manner in which the business is managed, are Wireless, Enterprise and Broadband. | |||||||||||||||||
The Wireless segment’s infrastructure solutions enable wireless carriers to deploy macro cell sites and small cell solutions to meet coverage and capacity requirements driven by increasing demand for mobile bandwidth. The macro cell site solutions can be found at wireless tower sites and include base station and microwave antennas, hybrid fiber-feeder and power cables, coaxial cables, connectors, power amplifiers and environmentally-secure cabinets for equipment, including fuel cell backup power. The small cell solutions are primarily composed of distributed antenna systems that extend and enhance cellular coverage and capacity in challenging network conditions such as stadiums, transportation systems and commercial buildings. | |||||||||||||||||
The Enterprise segment provides connectivity and network intelligence for data centers and commercial buildings. These solutions include optical fiber and twisted pair structured cabling applications, intelligent infrastructure software, network rack and cabinet enclosures, intelligent building sensors, advanced LED lighting control systems and network design services. | |||||||||||||||||
The Broadband segment consists of cable and communications equipment that support the multi-channel video, voice and high-speed data services provided by cable operators. The segment’s products include coaxial and fiber-optic cables, fiber-to-the-home equipment, amplifiers, splitters and taps, conduit, headend solutions for the network core and bimetal cable components. | |||||||||||||||||
The following table provides summary financial information by reportable segment: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
(in millions) | |||||||||||||||||
Identifiable segment-related assets: | |||||||||||||||||
Wireless | $ | 2,463.30 | $ | 2,460.20 | |||||||||||||
Enterprise | 1,504.60 | 1,490.80 | |||||||||||||||
Broadband | 406.4 | 455.8 | |||||||||||||||
Total identifiable segment-related assets | 4,374.30 | 4,406.80 | |||||||||||||||
Reconciliation to total assets: | |||||||||||||||||
Cash and cash equivalents | 312 | 264.4 | |||||||||||||||
Deferred income tax assets | 49.7 | 61.1 | |||||||||||||||
Deferred financing fees | 62.8 | 61 | |||||||||||||||
Total assets | $ | 4,798.80 | $ | 4,793.30 | |||||||||||||
The following table provides net sales, operating income (loss), depreciation, and amortization by reportable segment: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(in millions) | |||||||||||||||||
Net sales: | |||||||||||||||||
Wireless | $ | 552.6 | $ | 535.5 | $ | 1,640.60 | $ | 1,401.10 | |||||||||
Enterprise | 212.2 | 212 | 622.7 | 637.8 | |||||||||||||
Broadband | 124.6 | 148 | 375.5 | 439.2 | |||||||||||||
Inter-segment eliminations | (1.4 | ) | (1.5 | ) | (5.2 | ) | (4.4 | ) | |||||||||
Consolidated net sales | $ | 888 | $ | 894 | $ | 2,633.60 | $ | 2,473.70 | |||||||||
Operating income (loss): | |||||||||||||||||
Wireless (1) | $ | 90.3 | $ | 36.7 | $ | 246 | $ | 65.4 | |||||||||
Enterprise | 21.7 | 34.6 | 63.7 | 93.5 | |||||||||||||
Broadband (2) | (12.2 | ) | 1.7 | (40.1 | ) | 10.2 | |||||||||||
Consolidated operating income | $ | 99.8 | $ | 73 | $ | 269.6 | $ | 169.1 | |||||||||
Depreciation: | |||||||||||||||||
Wireless | $ | 8.3 | $ | 11.1 | $ | 24.7 | $ | 33.8 | |||||||||
Enterprise | 3.2 | 3.3 | 9.1 | 9.6 | |||||||||||||
Broadband | 2.5 | 2.8 | 7.6 | 8.8 | |||||||||||||
Consolidated depreciation | $ | 14 | $ | 17.2 | $ | 41.4 | $ | 52.2 | |||||||||
Amortization (3): | |||||||||||||||||
Wireless | $ | 22 | $ | 22.9 | $ | 66.1 | $ | 68.7 | |||||||||
Enterprise | 17.4 | 16.6 | 51 | 49.9 | |||||||||||||
Broadband | 4.6 | 4.6 | 13.8 | 13.8 | |||||||||||||
Consolidated amortization | $ | 44 | $ | 44.1 | $ | 130.9 | $ | 132.4 | |||||||||
-1 | Operating income includes restructuring charges of $1.4 million and $1.6 million for the three months ended September 30, 2013 and 2012, respectively. Operating income includes restructuring charges for the nine months ended September 30, 2013 and 2012 of $9.9 million and $16.7 million, respectively. Operating income for the nine months ended September 30, 2013 and 2012 includes asset impairment charges of $5.6 million and $38.3 million, respectively. | ||||||||||||||||
-2 | Operating income includes goodwill impairment charges of $7.3 million and $36.2 for the three and nine months ended September 30, 2013, respectively. Operating income includes restructuring charges of $3.5 and $6.0 million for the three and nine months ended September 30, 2013, respectively. The three and nine months ended September 30, 2012 included warranty charges of $5.7 million and $8.8 million, respectively, related to products sold in 2006 and 2007. | ||||||||||||||||
-3 | Excludes amortization of deferred financing fees and original issue discount. | ||||||||||||||||
Sales to customers located outside of the United States comprised 44.2% and 44.0% of total net sales for the three and nine months ended September 30, 2013, respectively, compared to 47.1% and 47.0%, respectively, for the three and nine months ended September 30, 2012. Sales by geographic region, based on the destination of product shipments, were as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(in millions) | |||||||||||||||||
United States | $ | 495.4 | $ | 472.9 | $ | 1,473.50 | $ | 1,310.20 | |||||||||
Europe, Middle East and Africa (EMEA) | 182.6 | 179.6 | 512.6 | 506.4 | |||||||||||||
Asia Pacific (APAC) | 125.1 | 148.4 | 389.8 | 413.8 | |||||||||||||
Central and Latin America (CALA) | 65.8 | 76.5 | 201 | 183.6 | |||||||||||||
Canada | 19.1 | 16.6 | 56.7 | 59.7 | |||||||||||||
Consolidated net sales | $ | 888 | $ | 894 | $ | 2,633.60 | $ | 2,473.70 | |||||||||
Restructuring_Costs
Restructuring Costs | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||
Restructuring Costs | ' | ||||||||||||||||||||
9. RESTRUCTURING COSTS | |||||||||||||||||||||
Beginning in the third quarter of 2011 and continuing into 2013, the Company has initiated restructuring actions to realign and lower its cost structure primarily through workforce reductions and other cost reduction initiatives at various U.S. and international facilities. The Company’s net pretax restructuring charges, by segment, were as follows: | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Wireless | $ | 1,353 | $ | 1,613 | $ | 9,935 | $ | 16,653 | |||||||||||||
Enterprise | 87 | — | 542 | 26 | |||||||||||||||||
Broadband | 3,460 | 11 | 5,956 | 326 | |||||||||||||||||
Total | $ | 4,900 | $ | 1,624 | $ | 16,433 | $ | 17,005 | |||||||||||||
The activity within the liability established for these restructuring actions, which is included in other accrued liabilities, was as follows: | |||||||||||||||||||||
Employee- | Lease | Fixed Asset | Asset | Total | |||||||||||||||||
Related | Termination | Related | Impairment | ||||||||||||||||||
Costs | Costs | Costs | Costs | ||||||||||||||||||
Balance as of June 30, 2013 | $ | 13,409 | $ | 2,244 | $ | — | $ | — | $ | 15,653 | |||||||||||
Additional charge recorded | 1,136 | (12 | ) | 2,422 | 1,354 | 4,900 | |||||||||||||||
Cash paid | (8,323 | ) | (547 | ) | (2,422 | ) | — | (11,292 | ) | ||||||||||||
Foreign exchange and other non-cash items | 96 | 22 | — | (1,354 | ) | (1,236 | ) | ||||||||||||||
Balance as of September 30, 2013 | $ | 6,318 | $ | 1,707 | $ | — | $ | — | $ | 8,025 | |||||||||||
Balance as of December 31, 2012 | $ | 19,228 | $ | 1,253 | $ | — | $ | — | $ | 20,481 | |||||||||||
Additional charge recorded | 8,855 | 1,790 | 2,923 | 2,865 | 16,433 | ||||||||||||||||
Cash paid | (21,623 | ) | (1,314 | ) | (2,923 | ) | — | (25,860 | ) | ||||||||||||
Foreign exchange and other non-cash items | (142 | ) | (22 | ) | — | (2,865 | ) | (3,029 | ) | ||||||||||||
Balance as of September 30, 2013 | $ | 6,318 | $ | 1,707 | $ | — | $ | — | $ | 8,025 | |||||||||||
Employee-related costs include the expected severance costs and related benefits as well as any one-time severance benefits that are accrued over the remaining period employees are required to work in order to receive such benefits. | |||||||||||||||||||||
Lease termination costs relate to the cost of vacating leased facilities, net of anticipated sub-rental income. | |||||||||||||||||||||
Fixed asset related costs include costs to uninstall, pack, ship and reinstall manufacturing equipment and the costs to prepare the receiving facility to accommodate relocated equipment as well as demolition costs for the Orland Park, Illinois former manufacturing facility. These costs are expensed as incurred. | |||||||||||||||||||||
As a result of restructuring and consolidation actions, the Company owns unutilized real estate at various facilities in the U.S. and internationally. The Company is attempting to sell or lease this unutilized space. Additional impairment charges may be incurred related to these or other excess assets. | |||||||||||||||||||||
Since the inception of the initiatives begun in 2011, the Company has recognized restructuring charges of $58.1 million. The additional pretax costs related to completing restructuring actions initiated to date are not expected to be significant. Cash payments of approximately $2.0 million to $3.0 million are expected during the remainder of 2013 with an additional $5.0 million to $6.0 million expected to be paid by the end of 2015. Additional restructuring actions may be taken and the resulting charges and cash requirements could be material. |
Employee_Benefit_Plans
Employee Benefit Plans | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Employee Benefit Plans | ' | ||||||||||||||||
10. EMPLOYEE BENEFIT PLANS | |||||||||||||||||
Pension Benefits | Other Postretirement | ||||||||||||||||
Benefits | |||||||||||||||||
Three Months Ended | |||||||||||||||||
September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 112 | $ | 102 | $ | 62 | $ | 75 | |||||||||
Interest cost | 2,868 | 3,181 | 228 | 550 | |||||||||||||
Recognized actuarial loss (gain) | 102 | 104 | 70 | (15 | ) | ||||||||||||
Amortization of prior service credits | — | — | (2,404 | ) | (1,694 | ) | |||||||||||
Expected return on plan assets | (3,579 | ) | (3,173 | ) | (16 | ) | (41 | ) | |||||||||
Net periodic benefit cost (income) | $ | (497 | ) | $ | 214 | $ | (2,060 | ) | $ | (1,125 | ) | ||||||
Nine Months Ended | |||||||||||||||||
September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 334 | $ | 305 | $ | 186 | $ | 226 | |||||||||
Interest cost | 8,643 | 9,537 | 684 | 1,650 | |||||||||||||
Recognized actuarial loss (gain) | 352 | 389 | 209 | (46 | ) | ||||||||||||
Amortization of prior service credits | — | — | (7,213 | ) | (5,080 | ) | |||||||||||
Expected return on plan assets | (10,758 | ) | (9,515 | ) | (47 | ) | (124 | ) | |||||||||
Net periodic benefit cost (income) | $ | (1,429 | ) | $ | 716 | $ | (6,181 | ) | $ | (3,374 | ) | ||||||
The Company contributed $13.2 million and $21.7 million to its pension plans during the three and nine months ended September 30, 2013, respectively. During the remainder of 2013, the Company anticipates making additional contributions of approximately $0.3 million to these plans. The Company contributed $1.0 million and $3.0 million to its other postretirement benefit plans during the three and nine months ended September 30, 2013, respectively, and anticipates making additional contributions of approximately $1.0 million to these plans during the remainder of 2013. |
Stockholders_Equity
Stockholders' Equity | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Stockholders' Equity | ' | ||||||||||||||||||||
11. STOCKHOLDERS’ EQUITY | |||||||||||||||||||||
Dividend | |||||||||||||||||||||
On May 28, 2013, the Company’s Board of Directors declared a dividend of $2.21 per share of its common stock. The dividend paid on May 28, 2013 was $342.8 million. On June 28, 2013, the Company’s Board of Directors declared a dividend of $1.26 per share of its common stock, (collectively with the May 28, 2013 dividend, the 2013 dividends). The dividend paid on June 28, 2013 was $195.9 million. | |||||||||||||||||||||
In accordance with the antidilution provisions of the Company’s stock incentive plans, the exercise prices of options that were granted following the Carlyle acquisition were adjusted to reflect the 2013 dividends. Cash payments of $7.2 million and $4.1 million were made to stock option holders of options granted prior to the Carlyle acquisition in lieu of a reduction in exercise prices, on the May and June dividend, respectively. The cash payments and repricings had no effect on the vesting schedules or expiration dates of the stock options and resulted in no additional compensation expense. | |||||||||||||||||||||
Equity-Based Compensation Plans | |||||||||||||||||||||
As of September 30, 2013, $21.9 million of total unrecognized compensation costs related to non-vested stock options and share unit awards are expected to be recognized over a remaining weighted average period of 2.0 years. The share unit awards are payable in cash and are accounted for as liability awards. Following the initial public offering, the share unit awards may, at the Company’s discretion, be settled in stock. There were no significant capitalized equity-based compensation costs at September 30, 2013. The Company intends to settle the share unit awards that vest in January 2014 in cash. | |||||||||||||||||||||
Stock Options | |||||||||||||||||||||
During the nine months ended September 30, 2013, the Board of Directors modified the 2012 performance targets for certain stock options. As a result of this change, the Company determined a new fair value as of the modification date and recognized expense of $2.4 million. The following table summarizes the stock option activity (in thousands, except per share amounts): | |||||||||||||||||||||
Shares | Weighted | Weighted | |||||||||||||||||||
Average Option | Average Grant | ||||||||||||||||||||
Exercise Price | Date Fair Value | ||||||||||||||||||||
Per Share | Per Share | ||||||||||||||||||||
Outstanding as of June 30, 2013 | 11,319 | $ | 6.13 | ||||||||||||||||||
Forfeited | (282 | ) | $ | 5.78 | $ | 3.89 | |||||||||||||||
Outstanding as of September 30, 2013 (1) | 11,037 | $ | 6.14 | ||||||||||||||||||
Exercisable at September 30, 2013 | 6,132 | $ | 6.13 | ||||||||||||||||||
Expected to vest | 4,838 | ||||||||||||||||||||
Outstanding as of December 31, 2012 | 10,206 | $ | 8.33 | ||||||||||||||||||
Granted | 713 | $ | 12.38 | $ | 4.69 | ||||||||||||||||
Adjustment related to 2012 performance | 463 | $ | 9.19 | $ | 5.1 | ||||||||||||||||
Exercised | (31 | ) | $ | 9.14 | |||||||||||||||||
Forfeited | (314 | ) | $ | 6.21 | $ | 3.82 | |||||||||||||||
Outstanding as of September 30, 2013 (1) | 11,037 | $ | 6.14 | ||||||||||||||||||
-1 | The weighted-average exercise prices at June 30, 2013 and September 30, 2013 reflect the adjustment of $2.48 per share resulting from the 2013 dividends that was made with respect to options granted after the Carlyle acquisition, as described above. | ||||||||||||||||||||
The exercise prices of outstanding options at September 30, 2013 were in the following ranges: | |||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||
Range of Exercise Prices | Shares | Weighted | Weighted | Shares | Weighted | ||||||||||||||||
(in thousands) | Average | Average | (in thousands) | Average | |||||||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||||||
Contractual | Price Per | Price Per | |||||||||||||||||||
Life | Share | Share | |||||||||||||||||||
(in years) | |||||||||||||||||||||
$2.96 to $5.35 | 1,476 | 3.8 | $ | 4.04 | 1,476 | $ | 4.04 | ||||||||||||||
$5.36 to $5.67 | 1,524 | 8.4 | $ | 5.57 | 789 | $ | 5.57 | ||||||||||||||
$5.68 to $8.54 | 5,564 | 7.3 | $ | 5.73 | 2,095 | $ | 5.73 | ||||||||||||||
$8.55 to $8.90 | 2,473 | 6.8 | $ | 8.68 | 1,772 | $ | 8.59 | ||||||||||||||
$2.96 to $8.90 | 11,037 | 6.9 | $ | 6.14 | 6,132 | $ | 6.13 | ||||||||||||||
The Company uses the Black-Scholes model to estimate the fair value of stock option awards. Key input assumptions used in the model include the grant date fair value of common stock, exercise price of the award, the expected option term, stock price volatility, estimated marketability discount, the risk-free interest rate and the Company’s projected dividend yield. The Company believes that the valuation technique and the approach utilized to develop the underlying assumptions are appropriate in estimating the fair values of its stock options. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by employees who receive equity awards. Subsequent events are not indicative of the reasonableness of the original estimates of fair value made by the Company. The following table presents the weighted average assumptions used to estimate the fair value of stock option awards granted or modified. | |||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Expected option term (in years) | 3 | 3.9 | |||||||||||||||||||
Risk-free interest rate | 0.4 | % | 0.6 | % | |||||||||||||||||
Expected volatility | 75 | % | 75 | % | |||||||||||||||||
Estimated marketability discount | 15 | % | 30 | % | |||||||||||||||||
Expected dividend yield | — | % | — | % | |||||||||||||||||
Weighted average exercise price | $ | 12.38 | $ | 10.33 | |||||||||||||||||
Weighted average fair value at grant date | $ | 4.69 | $ | 3.19 | |||||||||||||||||
Other | |||||||||||||||||||||
Share unit award expense of $4.0 million and $2.5 million for the nine months ended September 30, 2013 and 2012, respectively, is included in equity-based compensation as an adjustment to reconcile net income (loss) to net cash generated by operating activities on the Condensed Consolidated Statements of Cash Flows. |
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
12. SUBSEQUENT EVENTS | |
On October 4, 2013, the Company’s Board of Directors approved a 3-for-1 stock split of the Company’s outstanding common stock and an increase in authorized capital stock to 1,300,000,000 shares of common stock and 200,000,000 shares of preferred stock, which were effective as of October 4, 2013. The number of shares of common stock into which each outstanding option to purchase common stock is exercisable was proportionally increased and the exercise price of each outstanding option to purchase common stock was proportionally decreased. All of the share numbers, share prices, and exercise prices and other per share information throughout these financial statements have been adjusted on a retroactive basis, to reflect this 3-for-1 split, including revising common stock and additional paid-in capital to reflect the additional outstanding shares ($0.01 par value per share) resulting from the split. | |
In October 2013, the Company completed an initial public offering (IPO) of its common stock. The Company issued 30.8 million shares of common stock and the funds affiliated with Carlyle (Carlyle funds) sold 7.7 million shares, reducing the Carlyle funds’ ownership to approximately 77.9%. The underwriters have an option to purchase an additional 5.8 million shares from the Carlyle funds within 30 days of the IPO. If fully exercised, this would reduce the Carlyle funds’ ownership to approximately 74.8%. The Company raised $433 million, net of transaction costs, from the IPO. | |
Subsequent to the IPO, the Company issued redemption notices for $400.0 million of its 8.25% senior notes. The Company expects to pay a redemption price of 108.25% plus accrued and unpaid interest to the redemption date (November 25, 2013). | |
In October 2013, the Company paid Carlyle a fee of approximately $20.2 million to terminate the management agreement. | |
Also in October 2013, the Company filed a registration statement on Form S-8 to register 31.6 million shares of its common stock for issuance under our equity incentive plans. | |
Following the IPO, Moody’s Investors Service upgraded CommScope Holding Company, Inc.’s corporate family rating to B1 from B2 with a stable outlook and Standard & Poor’s Ratings Services raised its corporate credit ratings on CommScope Holding Company Inc. and CommScope Inc. to BB- from B+, with a stable outlook. | |
On November 6, 2013, the Company announced that in order to improve manufacturing facility utilization, it would be closing the Joliet, Illinois manufacturing operation and shifting the production to existing facilities in North Carolina and to third party suppliers. This action is expected to be substantially completed by the second quarter of 2014 and will impact approximately 200 employees in Joliet and result in non-cash asset impairment charges of up to $10 million and restructuring charges that will require cash of approximately $15 million. |
Background_and_Basis_of_Presen1
Background and Basis of Presentation (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Summary of Activity in Product Warranty Accrual Included in Other Accrued Liabilities | ' | ||||||||||||||||
The following table summarizes the activity in the product warranty accrual, included in other accrued liabilities: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Product warranty accrual, beginning of period | $ | 24,127 | $ | 19,923 | $ | 26,005 | $ | 18,653 | |||||||||
Provision for warranty claims | 2,421 | 6,708 | 3,568 | 11,151 | |||||||||||||
Warranty claims paid | (2,437 | ) | (1,752 | ) | (5,462 | ) | (4,925 | ) | |||||||||
Product warranty accrual, end of period | $ | 24,111 | $ | 24,879 | $ | 24,111 | $ | 24,879 | |||||||||
Summary of Effects of Changes in Key Assumptions, Assuming All Other Assumptions Remain Constant, on Fair Value Compared to Carrying Value, As of Impairment Test Date | ' | ||||||||||||||||
A summary of the effects of changes in key assumptions, assuming all other assumptions remain constant, on the fair value compared to the carrying value, as of the impairment test date is as follows: | |||||||||||||||||
Deficit of estimated fair value compared to the | |||||||||||||||||
carrying value as a percent of carrying value | |||||||||||||||||
Reportable Segment | Actual | Decrease of 0.5% in | Decrease of 0.5% in | Increase of | |||||||||||||
valuation | annual revenue | annual operating | 0.5% in | ||||||||||||||
growth rate | income margin | discount rate | |||||||||||||||
Broadband | (1.3 | )% | (5.0 | )% | (6.1 | )% | (4.7 | )% | |||||||||
Reconciliation of Weighted Average Common Shares and Potential Common Shares Outstanding | ' | ||||||||||||||||
Below is a reconciliation of weighted average common shares and potential common shares outstanding for calculating diluted earnings (loss) per share: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Numerator: | |||||||||||||||||
Net income (loss) for basic and diluted earnings (loss) per share | $ | 11,287 | $ | 5,284 | $ | 28,309 | $ | (6,097 | ) | ||||||||
Denominator: | |||||||||||||||||
Weighted average number of common shares outstanding for basic earnings (loss) per share | 154,885 | 154,706 | 154,883 | 154,701 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Stock options (a) | 4,179 | 671 | 3,125 | — | |||||||||||||
Weighted average number of common shares and potential common shares outstanding for diluted earnings (loss) per share | 159,064 | 155,377 | 158,008 | 154,701 | |||||||||||||
(a) | No options to purchase common shares were excluded from the computation of diluted earnings per share for the three months ended September 30, 2013 and 7.5 million common shares were excluded from the computation of diluted loss per share for the three months ended September 30, 2012, because they would have been anti-dilutive. Options to purchase 0.2 million and 11.2 million common shares were excluded from the computation of diluted earnings (loss) per share for the nine months ended September 30, 2013 and 2012, respectively, because they would have been anti-dilutive. |
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | ||||
Sep. 30, 2013 | |||||
Allocation of Purchase Price | ' | ||||
The preliminary allocation of the purchase price, based on estimates of the fair values of assets acquired and liabilities assumed, is as follows: | |||||
Estimated Fair Value | |||||
(in millions) | |||||
Current assets | $ | 1.6 | |||
Noncurrent assets, excluding intangible assets | 0.7 | ||||
Other intangible assets | 13.1 | ||||
Goodwill | 19.8 | ||||
Less: Liabilities assumed | (1.2 | ) | |||
Net acquisition cost | $ | 34 | |||
Redwood [Member] | ' | ||||
Allocation of Purchase Price | ' | ||||
The preliminary allocation of the purchase price, based on estimates of the fair values of assets acquired and liabilities assumed, is as follows: | |||||
Estimated Fair Value | |||||
(in millions) | |||||
Current assets | $ | 2.4 | |||
Deferred taxes | 8.2 | ||||
Other intangible assets | 9 | ||||
Goodwill | 3.5 | ||||
Other noncurrent assets | 0.8 | ||||
Less: Liabilities assumed | (1.7 | ) | |||
Net acquisition cost | $ | 22.2 | |||
Goodwill_Tables
Goodwill (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||
Allocation of Goodwill by Reportable Segment | ' | ||||||||||||||||
The following table presents the allocation of goodwill by reportable segment: | |||||||||||||||||
Wireless | Enterprise | Broadband | Total | ||||||||||||||
(in millions) | |||||||||||||||||
Goodwill, gross, as of January 1, 2013 | $ | 824.8 | $ | 636.5 | $ | 92.8 | $ | 1,554.10 | |||||||||
Preliminary purchase price allocation | — | 23.3 | — | 23.3 | |||||||||||||
Foreign exchange | (2.7 | ) | — | — | (2.7 | ) | |||||||||||
Goodwill, gross, as of September 30, 2013 | 822.1 | 659.8 | 92.8 | 1,574.70 | |||||||||||||
Accumulated impairment charges as of January 1, 2013 | (80.2 | ) | — | — | (80.2 | ) | |||||||||||
Impairment charges recorded during the nine months ended September 30, 2013 | — | — | (36.2 | ) | (36.2 | ) | |||||||||||
Goodwill, net, as of September 30, 2013 | $ | 741.9 | $ | 659.8 | $ | 56.6 | $ | 1,458.30 | |||||||||
Supplemental_Financial_Stateme1
Supplemental Financial Statement Information (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ||||||||||||
Inventories | ' | ||||||||||||
Inventories | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Raw materials | $ | 79,420 | $ | 69,520 | |||||||||
Work in process | 122,215 | 96,389 | |||||||||||
Finished goods | 165,955 | 146,061 | |||||||||||
$ | 367,590 | $ | 311,970 | ||||||||||
Other Accrued Liabilities | ' | ||||||||||||
Other Accrued Liabilities | |||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||
Compensation and employee benefit liabilities | $ | 106,215 | $ | 114,679 | |||||||||
Deferred revenue | 21,969 | 37,663 | |||||||||||
Product warranty accrual | 24,111 | 26,005 | |||||||||||
Accrued interest | 45,191 | 63,783 | |||||||||||
Restructuring reserve | 8,025 | 20,481 | |||||||||||
Other | 80,826 | 81,931 | |||||||||||
$ | 286,337 | $ | 344,542 | ||||||||||
Changes in Accumulated Other Comprehensive Loss, Net of Tax | ' | ||||||||||||
Changes in accumulated other comprehensive loss, net of tax, are as follows: | |||||||||||||
Foreign Currency | Pension | Total | |||||||||||
Gain (Loss) | and Other | ||||||||||||
Postretirement | |||||||||||||
Benefit Activity | |||||||||||||
Balance at June 30, 2013 | $ | (40,837 | ) | $ | 4,866 | $ | (35,971 | ) | |||||
Other comprehensive loss before reclassifications | 9,469 | — | 9,469 | ||||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (1,373 | ) | (1,373 | ) | ||||||||
Net current period other comprehensive loss | 9,469 | (1,373 | ) | 8,096 | |||||||||
Balance at September 30, 2013 | $ | (31,368 | ) | $ | 3,493 | $ | (27,875 | ) | |||||
Balance at December 31, 2012 | $ | (24,224 | ) | $ | 7,578 | $ | (16,646 | ) | |||||
Other comprehensive loss before reclassifications | (7,144 | ) | — | (7,144 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive loss | — | (4,085 | ) | (4,085 | ) | ||||||||
Net current period other comprehensive loss | (7,144 | ) | (4,085 | ) | (11,229 | ) | |||||||
Balance at September 30, 2013 | $ | (31,368 | ) | $ | 3,493 | $ | (27,875 | ) | |||||
Cash Flow Information | ' | ||||||||||||
Cash Flow Information | |||||||||||||
Nine Months Ended | |||||||||||||
September 30, | |||||||||||||
2013 | 2012 | ||||||||||||
Cash paid during the period for: | |||||||||||||
Income taxes, net of refunds | $ | 65,675 | $ | 52,419 | |||||||||
Interest | $ | 155,903 | $ | 160,621 | |||||||||
Noncash financing activities: | |||||||||||||
Acquisition of treasury stock resulting from stock option exercises | $ | 281 | $ | 793 |
Financing_Tables
Financing (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Debt Disclosure [Abstract] | ' | ||||||||
Summary of Debt | ' | ||||||||
September 30, 2013 | December 31, 2012 | ||||||||
8.25% senior notes due January 2019 | $ | 1,500,000 | $ | 1,500,000 | |||||
Senior secured term loan due January 2018 | 975,000 | 982,500 | |||||||
Senior PIK toggle notes due June 2020 | 550,000 | — | |||||||
Senior secured revolving credit facility expires January 2017 | — | — | |||||||
Other | 1,117 | 1,696 | |||||||
$ | 3,026,117 | $ | 2,484,196 | ||||||
Less: Original issue discount, net of amortization | (11,347 | ) | (13,426 | ) | |||||
Less: Current portion | (10,746 | ) | (10,776 | ) | |||||
$ | 3,004,024 | $ | 2,459,994 | ||||||
Derivatives_and_Hedging_Activi1
Derivatives and Hedging Activities (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||
Balance Sheet Location and Fair Value of Company | ' | ||||||||||
The following table presents the balance sheet location and fair value of the Company’s derivatives: | |||||||||||
Fair Value of Asset (Liability) | |||||||||||
Balance Sheet Location | September 30, 2013 | December 31, 2012 | |||||||||
Foreign currency contracts | Prepaid expenses and other current assets | $ | 2,887 | $ | 1,314 | ||||||
Foreign currency contracts | Other accrued liabilities | (634 | ) | (474 | ) | ||||||
Total derivatives not designated as hedging instruments | $ | 2,253 | $ | 840 | |||||||
Pretax Impact of Foreign Currency Forward Contracts not Designated as Hedging Instruments | ' | ||||||||||
The pretax impact of the foreign currency forward contracts not designated as hedging instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows: | |||||||||||
Foreign Currency Forward Contracts | Location of Gain (Loss) | Gain (Loss) Recognized | |||||||||
Three Months Ended September 30, 2013 | Other expense, net | $ | 3,227 | ||||||||
Three Months Ended September 30, 2012 | Other expense, net | $ | 472 | ||||||||
Nine Months Ended September 30, 2013 | Other expense, net | $ | 6,903 | ||||||||
Nine Months Ended September 30, 2012 | Other expense, net | $ | (1,447 | ) |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Carrying Amounts, Estimated Fair Values and Valuation Input Levels of Equity Method Investment, Foreign Currency Contracts, Senior Notes, Senior PIK Toggle Notes, Senior Secured Term Loans and Contingent Consideration Payable | ' | ||||||||||||||||||||
The carrying amounts, estimated fair values and valuation input levels of the Company’s equity method investment, foreign currency contracts, senior notes, senior PIK toggle notes, senior secured term loans and contingent consideration payable as of September 30, 2013 and December 31, 2012, are as follows: | |||||||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||||||
Carrying | Fair Value | Carrying | Fair Value | Valuation | |||||||||||||||||
Amount | Amount | Inputs | |||||||||||||||||||
Assets: | |||||||||||||||||||||
Equity method investment | $ | 3,234 | $ | 27,730 | $ | 4,492 | $ | 14,805 | Level 1 | ||||||||||||
Foreign currency contracts | $ | 2,887 | $ | 2,887 | $ | 1,314 | $ | 1,314 | Level 2 | ||||||||||||
Liabilities: | |||||||||||||||||||||
8.25% senior notes | $ | 1,500,000 | $ | 1,629,300 | $ | 1,500,000 | $ | 1,642,500 | Level 2 | ||||||||||||
Senior secured term loan, at par | $ | 975,000 | $ | 977,126 | $ | 982,500 | $ | 987,413 | Level 2 | ||||||||||||
Senior PIK toggle notes | $ | 550,000 | $ | 547,250 | $ | — | $ | — | Level 2 | ||||||||||||
Foreign currency contracts | $ | 634 | $ | 634 | $ | 474 | $ | 474 | Level 2 | ||||||||||||
Contingent consideration | $ | 12,937 | $ | 12,937 | $ | — | $ | — | Level 3 |
Industry_Segment_and_Geographi1
Industry Segment and Geographic Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Summary of Financial Information by Reportable Segment | ' | ||||||||||||||||
The following table provides summary financial information by reportable segment: | |||||||||||||||||
September 30, 2013 | December 31, 2012 | ||||||||||||||||
(in millions) | |||||||||||||||||
Identifiable segment-related assets: | |||||||||||||||||
Wireless | $ | 2,463.30 | $ | 2,460.20 | |||||||||||||
Enterprise | 1,504.60 | 1,490.80 | |||||||||||||||
Broadband | 406.4 | 455.8 | |||||||||||||||
Total identifiable segment-related assets | 4,374.30 | 4,406.80 | |||||||||||||||
Reconciliation to total assets: | |||||||||||||||||
Cash and cash equivalents | 312 | 264.4 | |||||||||||||||
Deferred income tax assets | 49.7 | 61.1 | |||||||||||||||
Deferred financing fees | 62.8 | 61 | |||||||||||||||
Total assets | $ | 4,798.80 | $ | 4,793.30 | |||||||||||||
Summary of Net Sales, Operating Income (Loss), Depreciation and Amortization by Reportable Segment | ' | ||||||||||||||||
The following table provides net sales, operating income (loss), depreciation, and amortization by reportable segment: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(in millions) | |||||||||||||||||
Net sales: | |||||||||||||||||
Wireless | $ | 552.6 | $ | 535.5 | $ | 1,640.60 | $ | 1,401.10 | |||||||||
Enterprise | 212.2 | 212 | 622.7 | 637.8 | |||||||||||||
Broadband | 124.6 | 148 | 375.5 | 439.2 | |||||||||||||
Inter-segment eliminations | (1.4 | ) | (1.5 | ) | (5.2 | ) | (4.4 | ) | |||||||||
Consolidated net sales | $ | 888 | $ | 894 | $ | 2,633.60 | $ | 2,473.70 | |||||||||
Operating income (loss): | |||||||||||||||||
Wireless (1) | $ | 90.3 | $ | 36.7 | $ | 246 | $ | 65.4 | |||||||||
Enterprise | 21.7 | 34.6 | 63.7 | 93.5 | |||||||||||||
Broadband (2) | (12.2 | ) | 1.7 | (40.1 | ) | 10.2 | |||||||||||
Consolidated operating income | $ | 99.8 | $ | 73 | $ | 269.6 | $ | 169.1 | |||||||||
Depreciation: | |||||||||||||||||
Wireless | $ | 8.3 | $ | 11.1 | $ | 24.7 | $ | 33.8 | |||||||||
Enterprise | 3.2 | 3.3 | 9.1 | 9.6 | |||||||||||||
Broadband | 2.5 | 2.8 | 7.6 | 8.8 | |||||||||||||
Consolidated depreciation | $ | 14 | $ | 17.2 | $ | 41.4 | $ | 52.2 | |||||||||
Amortization (3): | |||||||||||||||||
Wireless | $ | 22 | $ | 22.9 | $ | 66.1 | $ | 68.7 | |||||||||
Enterprise | 17.4 | 16.6 | 51 | 49.9 | |||||||||||||
Broadband | 4.6 | 4.6 | 13.8 | 13.8 | |||||||||||||
Consolidated amortization | $ | 44 | $ | 44.1 | $ | 130.9 | $ | 132.4 | |||||||||
-1 | Operating income includes restructuring charges of $1.4 million and $1.6 million for the three months ended September 30, 2013 and 2012, respectively. Operating income includes restructuring charges for the nine months ended September 30, 2013 and 2012 of $9.9 million and $16.7 million, respectively. Operating income for the nine months ended September 30, 2013 and 2012 includes asset impairment charges of $5.6 million and $38.3 million, respectively. | ||||||||||||||||
-2 | Operating income includes goodwill impairment charges of $7.3 million and $36.2 for the three and nine months ended September 30, 2013, respectively. Operating income includes restructuring charges of $3.5 and $6.0 million for the three and nine months ended September 30, 2013, respectively. The three and nine months ended September 30, 2012 included warranty charges of $5.7 million and $8.8 million, respectively, related to products sold in 2006 and 2007. | ||||||||||||||||
-3 | Excludes amortization of deferred financing fees and original issue discount. | ||||||||||||||||
Summary of Sales by Geographic Region, Based on Destination of Product Shipments | ' | ||||||||||||||||
Sales by geographic region, based on the destination of product shipments, were as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
(in millions) | |||||||||||||||||
United States | $ | 495.4 | $ | 472.9 | $ | 1,473.50 | $ | 1,310.20 | |||||||||
Europe, Middle East and Africa (EMEA) | 182.6 | 179.6 | 512.6 | 506.4 | |||||||||||||
Asia Pacific (APAC) | 125.1 | 148.4 | 389.8 | 413.8 | |||||||||||||
Central and Latin America (CALA) | 65.8 | 76.5 | 201 | 183.6 | |||||||||||||
Canada | 19.1 | 16.6 | 56.7 | 59.7 | |||||||||||||
Consolidated net sales | $ | 888 | $ | 894 | $ | 2,633.60 | $ | 2,473.70 | |||||||||
Restructuring_Costs_Tables
Restructuring Costs (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Restructuring And Related Activities [Abstract] | ' | ||||||||||||||||||||
Summary of Company's Net Pretax Restructuring Charges | ' | ||||||||||||||||||||
The Company’s net pretax restructuring charges, by segment, were as follows: | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||||||
September 30, | September 30, | ||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||||||
Wireless | $ | 1,353 | $ | 1,613 | $ | 9,935 | $ | 16,653 | |||||||||||||
Enterprise | 87 | — | 542 | 26 | |||||||||||||||||
Broadband | 3,460 | 11 | 5,956 | 326 | |||||||||||||||||
Total | $ | 4,900 | $ | 1,624 | $ | 16,433 | $ | 17,005 | |||||||||||||
Activity within Liability Established for Restructuring Actions, Included in Other Accrued Liabilities | ' | ||||||||||||||||||||
The activity within the liability established for these restructuring actions, which is included in other accrued liabilities, was as follows: | |||||||||||||||||||||
Employee- | Lease | Fixed Asset | Asset | Total | |||||||||||||||||
Related | Termination | Related | Impairment | ||||||||||||||||||
Costs | Costs | Costs | Costs | ||||||||||||||||||
Balance as of June 30, 2013 | $ | 13,409 | $ | 2,244 | $ | — | $ | — | $ | 15,653 | |||||||||||
Additional charge recorded | 1,136 | (12 | ) | 2,422 | 1,354 | 4,900 | |||||||||||||||
Cash paid | (8,323 | ) | (547 | ) | (2,422 | ) | — | (11,292 | ) | ||||||||||||
Foreign exchange and other non-cash items | 96 | 22 | — | (1,354 | ) | (1,236 | ) | ||||||||||||||
Balance as of September 30, 2013 | $ | 6,318 | $ | 1,707 | $ | — | $ | — | $ | 8,025 | |||||||||||
Balance as of December 31, 2012 | $ | 19,228 | $ | 1,253 | $ | — | $ | — | $ | 20,481 | |||||||||||
Additional charge recorded | 8,855 | 1,790 | 2,923 | 2,865 | 16,433 | ||||||||||||||||
Cash paid | (21,623 | ) | (1,314 | ) | (2,923 | ) | — | (25,860 | ) | ||||||||||||
Foreign exchange and other non-cash items | (142 | ) | (22 | ) | — | (2,865 | ) | (3,029 | ) | ||||||||||||
Balance as of September 30, 2013 | $ | 6,318 | $ | 1,707 | $ | — | $ | — | $ | 8,025 | |||||||||||
Employee_Benefit_Plans_Tables
Employee Benefit Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Summary of Defined Benefit Pension Plan and Other Postretirement Defined Benefit Plan | ' | ||||||||||||||||
Pension Benefits | Other Postretirement | ||||||||||||||||
Benefits | |||||||||||||||||
Three Months Ended | |||||||||||||||||
September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 112 | $ | 102 | $ | 62 | $ | 75 | |||||||||
Interest cost | 2,868 | 3,181 | 228 | 550 | |||||||||||||
Recognized actuarial loss (gain) | 102 | 104 | 70 | (15 | ) | ||||||||||||
Amortization of prior service credits | — | — | (2,404 | ) | (1,694 | ) | |||||||||||
Expected return on plan assets | (3,579 | ) | (3,173 | ) | (16 | ) | (41 | ) | |||||||||
Net periodic benefit cost (income) | $ | (497 | ) | $ | 214 | $ | (2,060 | ) | $ | (1,125 | ) | ||||||
Nine Months Ended | |||||||||||||||||
September 30, | |||||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Service cost | $ | 334 | $ | 305 | $ | 186 | $ | 226 | |||||||||
Interest cost | 8,643 | 9,537 | 684 | 1,650 | |||||||||||||
Recognized actuarial loss (gain) | 352 | 389 | 209 | (46 | ) | ||||||||||||
Amortization of prior service credits | — | — | (7,213 | ) | (5,080 | ) | |||||||||||
Expected return on plan assets | (10,758 | ) | (9,515 | ) | (47 | ) | (124 | ) | |||||||||
Net periodic benefit cost (income) | $ | (1,429 | ) | $ | 716 | $ | (6,181 | ) | $ | (3,374 | ) | ||||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||||||
Summary of Stock Option Activity | ' | ||||||||||||||||||||
The following table summarizes the stock option activity (in thousands, except per share amounts): | |||||||||||||||||||||
Shares | Weighted | Weighted | |||||||||||||||||||
Average Option | Average Grant | ||||||||||||||||||||
Exercise Price | Date Fair Value | ||||||||||||||||||||
Per Share | Per Share | ||||||||||||||||||||
Outstanding as of June 30, 2013 | 11,319 | $ | 6.13 | ||||||||||||||||||
Forfeited | (282 | ) | $ | 5.78 | $ | 3.89 | |||||||||||||||
Outstanding as of September 30, 2013 (1) | 11,037 | $ | 6.14 | ||||||||||||||||||
Exercisable at September 30, 2013 | 6,132 | $ | 6.13 | ||||||||||||||||||
Expected to vest | 4,838 | ||||||||||||||||||||
Outstanding as of December 31, 2012 | 10,206 | $ | 8.33 | ||||||||||||||||||
Granted | 713 | $ | 12.38 | $ | 4.69 | ||||||||||||||||
Adjustment related to 2012 performance | 463 | $ | 9.19 | $ | 5.1 | ||||||||||||||||
Exercised | (31 | ) | $ | 9.14 | |||||||||||||||||
Forfeited | (314 | ) | $ | 6.21 | $ | 3.82 | |||||||||||||||
Outstanding as of September 30, 2013 (1) | 11,037 | $ | 6.14 | ||||||||||||||||||
-1 | The weighted-average exercise prices at June 30, 2013 and September 30, 2013 reflect the adjustment of $2.48 per share resulting from the 2013 dividends that was made with respect to options granted after the Carlyle acquisition, as described above. | ||||||||||||||||||||
Summary of Exercise Price | ' | ||||||||||||||||||||
The exercise prices of outstanding options at September 30, 2013 were in the following ranges: | |||||||||||||||||||||
Options Outstanding | Options Exercisable | ||||||||||||||||||||
Range of Exercise Prices | Shares | Weighted | Weighted | Shares | Weighted | ||||||||||||||||
(in thousands) | Average | Average | (in thousands) | Average | |||||||||||||||||
Remaining | Exercise | Exercise | |||||||||||||||||||
Contractual | Price Per | Price Per | |||||||||||||||||||
Life | Share | Share | |||||||||||||||||||
(in years) | |||||||||||||||||||||
$2.96 to $5.35 | 1,476 | 3.8 | $ | 4.04 | 1,476 | $ | 4.04 | ||||||||||||||
$5.36 to $5.67 | 1,524 | 8.4 | $ | 5.57 | 789 | $ | 5.57 | ||||||||||||||
$5.68 to $8.54 | 5,564 | 7.3 | $ | 5.73 | 2,095 | $ | 5.73 | ||||||||||||||
$8.55 to $8.90 | 2,473 | 6.8 | $ | 8.68 | 1,772 | $ | 8.59 | ||||||||||||||
$2.96 to $8.90 | 11,037 | 6.9 | $ | 6.14 | 6,132 | $ | 6.13 | ||||||||||||||
Summary of Weighted Average Assumptions Used to Estimate Fair Value of Stock Option | ' | ||||||||||||||||||||
The following table presents the weighted average assumptions used to estimate the fair value of stock option awards granted or modified. | |||||||||||||||||||||
Nine Months Ended | |||||||||||||||||||||
September 30, | |||||||||||||||||||||
2013 | 2012 | ||||||||||||||||||||
Expected option term (in years) | 3 | 3.9 | |||||||||||||||||||
Risk-free interest rate | 0.4 | % | 0.6 | % | |||||||||||||||||
Expected volatility | 75 | % | 75 | % | |||||||||||||||||
Estimated marketability discount | 15 | % | 30 | % | |||||||||||||||||
Expected dividend yield | — | % | — | % | |||||||||||||||||
Weighted average exercise price | $ | 12.38 | $ | 10.33 | |||||||||||||||||
Weighted average fair value at grant date | $ | 4.69 | $ | 3.19 |
Background_and_Basis_of_Presen2
Background and Basis of Presentation - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | |||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Oct. 04, 2013 | Oct. 04, 2013 | Oct. 31, 2013 | Oct. 31, 2013 |
Foreign Tax Authority [Member] | Foreign Tax Authority [Member] | Broadband [Member] | Broadband [Member] | Broadband [Member] | Broadband [Member] | Wireless [Member] | Carlyle [Member] | Carlyle [Member] | Carlyle [Member] | Carlyle [Member] | Production Equipment [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Sales [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||||
Wireless [Member] | Anixter International Inc. [Member] | Anixter International Inc. [Member] | Anixter International Inc. [Member] | Anixter International Inc. [Member] | Credit Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Customer Concentration Risk [Member] | Carlyle [Member] | Contract Termination [Member] | ||||||||||||||||||
Anixter International Inc. [Member] | Customer | Customer | Customer | Customer | Carlyle [Member] | ||||||||||||||||||||||||
Organization Consolidation And Presentation Of Financial Statements [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | 3 | ' | ' |
Percentage of net sales to Anixter International Inc. and its affiliates | 44.20% | 47.10% | 44.00% | 47.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | 12.00% | 12.00% | 13.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of customers other than Anixter accounted for 10% or more of the company's total net sales | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Percentage of accounts receivable from Anixter | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Annual management and oversight fee to Carlyle | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.80 | $0.80 | $2.30 | $2.30 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Owned by funds affiliated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 98.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount paid to terminate management agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.2 | 20.2 |
Product warranty term | ' | ' | 'These product warranties extend over periods ranging from one to twenty-five years from the date of sale, depending upon the product subject to the warranty. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments to purchase metals | ' | ' | 17.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of price of commitment above market prices | ' | ' | 'In the aggregate, these commitments were at prices less than 2% above market prices as of September 30, 2013. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preliminary goodwill impairment charge | ' | ' | 36.2 | ' | ' | ' | 7.3 | 28.8 | 36.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average discount rate | ' | ' | ' | ' | ' | ' | ' | ' | 11.00% | 11.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax impairment charges within the wireless segment | ' | ' | 3.6 | ' | ' | ' | ' | ' | ' | ' | 3.6 | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Valuation allowance related to foreign tax credit carryforwards | ' | ' | ' | ' | $4 | $25.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Statutory tax rate | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Background_and_Basis_of_Presen3
Background and Basis of Presentation - Summary of Activity in Product Warranty Accrual Included in Other Accrued Liabilities (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ' | ' | ' |
Product warranty accrual, beginning of period | $24,127 | $19,923 | $26,005 | $18,653 |
Provision for warranty claims | 2,421 | 6,708 | 3,568 | 11,151 |
Warranty claims paid | -2,437 | -1,752 | -5,462 | -4,925 |
Product warranty accrual, end of period | $24,111 | $24,879 | $24,111 | $24,879 |
Background_and_Basis_of_Presen4
Background and Basis of Presentation - Summary of Effects of Changes in Key Assumptions, Assuming All Other Assumptions Remain Constant, on Fair Value Compared to Carrying Value, As of Impairment Test Date (Detail) (Broadband [Member]) | Sep. 30, 2013 |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Deficit of estimated fair value compared to the carrying value as a percent of the carrying value | -1.30% |
Decrease of 0.5% in annual revenue growth rate (Member) | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Deficit of estimated fair value compared to the carrying value as a percent of the carrying value | -5.00% |
Decrease of 0.5% in annual operating income margin [Member] | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Deficit of estimated fair value compared to the carrying value as a percent of the carrying value | -6.10% |
Increase of 0.5% in discount rate [Member] | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Deficit of estimated fair value compared to the carrying value as a percent of the carrying value | -4.70% |
Background_and_Basis_of_Presen5
Background and Basis of Presentation - Summary of Effects of Changes in Key Assumptions, Assuming All Other Assumptions Remain Constant, on Fair Value Compared to Carrying Value, As of Impairment Test Date (Parenthetical) (Detail) (Broadband [Member]) | 9 Months Ended |
Sep. 30, 2013 | |
Decrease of 0.5% in annual revenue growth rate (Member) | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Percent change in valuation input | -0.50% |
Decrease of 0.5% in annual operating income margin [Member] | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Percent change in valuation input | -0.50% |
Increase of 0.5% in discount rate [Member] | ' |
Goodwill Impairment Test Effect Of Changes In Fair Value Assumptions [Line Items] | ' |
Percent change in valuation input | 0.50% |
Background_and_Basis_of_Presen6
Background and Basis of Presentation - Reconciliation of Weighted Average Common Shares and Potential Common Shares Outstanding (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator: | ' | ' | ' | ' |
Net income (loss) for basic and diluted earnings (loss) per share | $11,287 | $5,284 | $28,309 | ($6,097) |
Denominator: | ' | ' | ' | ' |
Weighted average number of common shares outstanding for basic earnings (loss) per share | 154,885 | 154,706 | 154,883 | 154,701 |
Effect of dilutive securities: | ' | ' | ' | ' |
Stock options | 4,179 | 671 | 3,125 | ' |
Weighted average number of common shares and potential common shares outstanding for diluted earnings (loss) per share | 159,064 | 155,377 | 158,008 | 154,701 |
Background_and_Basis_of_Presen7
Background and Basis of Presentation - Reconciliation of Weighted Average Common Shares and Potential Common Shares Outstanding (Parenthetical) (Detail) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ' | ' | ' |
Options to purchase common shares excluded from the computation of diluted earnings per share | 0 | 7.5 | 0.2 | 11.2 |
Acquisition_Additional_Informa
Acquisition - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | |||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2013 | Jul. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Jul. 31, 2013 | Sep. 30, 2013 | |
iTRACS Corporation [Member] | Redwood Systems Inc [Member] | Redwood Systems Inc [Member] | Redwood Systems Inc [Member] | Redwood Systems Inc [Member] | Redwood Systems Inc [Member] | Redwood Systems Inc [Member] | Argus [Member] | |||||
Maximum [Member] | Minimum [Member] | Contingent Net Revenues Agreement [Member] | ||||||||||
Maximum [Member] | ||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for acquired assets and assumed liabilities | ' | ' | $55,770,000 | $12,214,000 | $34,000,000 | $9,800,000 | ' | ' | ' | ' | ' | $12,000,000 |
Estimated fair value | ' | ' | ' | ' | ' | 12,400,000 | ' | ' | ' | ' | ' | ' |
Additional consideration paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,250,000 | ' |
Net sales target | ' | ' | ' | ' | ' | ' | ' | ' | ' | 55,000,000 | ' | ' |
Retention payments for employees | ' | ' | ' | ' | ' | ' | ' | ' | 11,750,000 | ' | ' | ' |
Net sales | $888,011,000 | $894,019,000 | $2,633,559,000 | $2,473,674,000 | ' | ' | $1,000,000 | $1,000,000 | ' | ' | ' | ' |
Acquisition_Allocation_of_Purc
Acquisition - Allocation of Purchase Price (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Business Acquisition [Line Items] | ' | ' |
Goodwill | $1,458,294,000 | $1,473,932,000 |
iTRACS Corporation [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Current assets | 1,600,000 | ' |
Other intangible assets | 13,100,000 | ' |
Goodwill | 19,800,000 | ' |
Noncurrent assets, excluding intangible assets | 700,000 | ' |
Less: Liabilities assumed | -1,200,000 | ' |
Net acquisition cost | 34,000,000 | ' |
Redwood Systems Inc [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Current assets | 2,400,000 | ' |
Deferred taxes | 8,200,000 | ' |
Other intangible assets | 9,000,000 | ' |
Goodwill | 3,500,000 | ' |
Noncurrent assets, excluding intangible assets | 800,000 | ' |
Less: Liabilities assumed | -1,700,000 | ' |
Net acquisition cost | $22,200,000 | ' |
Goodwill_Allocation_of_Goodwil
Goodwill - Allocation of Goodwill by Reportable Segment (Detail) (USD $) | 9 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
Wireless [Member] | Enterprise [Member] | Broadband [Member] | Broadband [Member] | |||
Goodwill [Line Items] | ' | ' | ' | ' | ' | ' |
Goodwill, gross, as of January 1, 2013 | $1,554,100,000 | ' | $824,800,000 | $636,500,000 | ' | $92,800,000 |
Preliminary purchase price allocation | 23,300,000 | ' | ' | 23,300,000 | ' | ' |
Foreign exchange | -2,700,000 | ' | -2,700,000 | ' | ' | ' |
Goodwill, gross, as of September 30, 2013 | 1,574,700,000 | ' | 822,100,000 | 659,800,000 | 92,800,000 | 92,800,000 |
Accumulated impairment charges as of January 1, 2013 | -80,200,000 | ' | -80,200,000 | ' | ' | ' |
Impairment charges recorded during the nine months ended September 30, 2013 | -36,200,000 | ' | ' | ' | -7,300,000 | -36,200,000 |
Goodwill, net, as of September 30, 2013 | $1,458,294,000 | $1,473,932,000 | $741,900,000 | $659,800,000 | $56,600,000 | $56,600,000 |
Supplemental_Financial_Stateme2
Supplemental Financial Statement Information - Inventories (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ' |
Raw materials | $79,420 | $69,520 |
Work in process | 122,215 | 96,389 |
Finished goods | 165,955 | 146,061 |
Inventories, net | $367,590 | $311,970 |
Supplemental_Financial_Stateme3
Supplemental Financial Statement Information - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' |
Carrying value of equity method investments | $3.20 | ' | $3.20 | ' | 4.5 |
Hydrogenics [Member] | ' | ' | ' | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' | ' | ' | ' |
Equity method investment held by company | 24.90% | ' | 24.90% | ' | 28.40% |
Share of losses in equity method investments | 1.1 | 0.9 | 1.3 | 1.8 | ' |
Write-off of investment | ' | ' | $0.80 | ' | ' |
Supplemental_Financial_Stateme4
Supplemental Financial Statement Information - Other Accrued Liabilities (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||||
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' | ' | ' | ' | ' | ' |
Compensation and employee benefit liabilities | $106,215 | ' | $114,679 | ' | ' | ' |
Deferred revenue | 21,969 | ' | 37,663 | ' | ' | ' |
Product warranty accrual | 24,111 | 24,127 | 26,005 | 24,879 | 19,923 | 18,653 |
Accrued interest | 45,191 | ' | 63,783 | ' | ' | ' |
Restructuring reserve | 8,025 | 15,653 | 20,481 | ' | ' | ' |
Other | 80,826 | ' | 81,931 | ' | ' | ' |
Other accrued liabilities, total | $286,337 | ' | $344,542 | ' | ' | ' |
Supplemental_Financial_Stateme5
Supplemental Financial Statement Information - Changes in Accumulated Other Comprehensive Loss, Net of Tax (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | ($35,971) | ' | ($16,646) | ' |
Other comprehensive loss before reclassifications | 9,469 | 6,096 | -7,144 | -5,756 |
Amounts reclassified from accumulated other comprehensive loss | -1,373 | -980 | -4,085 | 306 |
Net current period other comprehensive loss | 8,096 | 5,116 | -11,229 | -5,450 |
Ending balance | -27,875 | ' | -27,875 | ' |
Foreign Currency Gain (Loss) [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | -40,837 | ' | -24,224 | ' |
Other comprehensive loss before reclassifications | 9,469 | ' | -7,144 | ' |
Net current period other comprehensive loss | 9,469 | ' | -7,144 | ' |
Ending balance | -31,368 | ' | -31,368 | ' |
Pension and Other Postretirement Benefit Activity [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Beginning balance | 4,866 | ' | 7,578 | ' |
Amounts reclassified from accumulated other comprehensive loss | -1,373 | ' | -4,085 | ' |
Net current period other comprehensive loss | -1,373 | ' | -4,085 | ' |
Ending balance | $3,493 | ' | $3,493 | ' |
Supplemental_Financial_Stateme6
Supplemental Financial Statement Information - Cash Flow Information (Detail) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash paid during the period for: | ' | ' |
Income taxes, net of refunds | $65,675 | $52,419 |
Interest | 155,903 | 160,621 |
Noncash financing activities: | ' | ' |
Acquisition of treasury stock resulting from stock option exercises | $281 | $793 |
Financing_Summary_of_Debt_Deta
Financing - Summary of Debt (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Total | $3,026,117 | $2,484,196 |
Less: Original issue discount, net of amortization | -11,347 | -13,426 |
Less: Current portion | -10,746 | -10,776 |
Long term debt, noncurrent | 3,004,024 | 2,459,994 |
8.25% Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total | 1,500,000 | 1,500,000 |
Senior Secured Term Loan, at Par [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total | 975,000 | 982,500 |
Senior PIK Toggle Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total | 550,000 | ' |
Senior Secured Revolving Credit Facility [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total | ' | ' |
Other [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Total | $1,117 | $1,696 |
Financing_Summary_of_Debt_Pare
Financing - Summary of Debt (Parenthetical) (Detail) | 9 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | 28-May-13 | Sep. 30, 2013 | Sep. 30, 2013 | |
8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | Senior Secured Term Loan, at Par [Member] | Senior PIK Toggle Notes [Member] | Senior PIK Toggle Notes [Member] | Senior Secured Revolving Credit Facility [Member] | |
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' |
Interest rate on senior note | 8.25% | 8.25% | ' | ' | ' | ' |
Maturity period of debt | 15-Jan-19 | ' | 14-Jan-18 | 1-Jun-20 | 1-Jun-20 | 14-Jan-17 |
Financing_Additional_Informati
Financing - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | 28-May-13 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | |
Senior PIK Toggle Notes [Member] | Senior PIK Toggle Notes [Member] | Senior PIK Toggle Notes [Member] | Senior PIK Toggle Notes [Member] | Senior PIK Toggle Notes [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | Senior Secured Term Loan, at Par [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | 8.25% Senior Notes [Member] | Senior Secured Revolving Credit Facility [Member] | ||||||
Debt Instrument, Redemption, Period One [Member] | Debt Instrument, Redemption, Period Two [Member] | Debt Instrument, Redemption, Period Three [Member] | Federal Fund [Member] | Eurodollar [Member] | Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | Non-Guarantor Subsidiaries [Member] | |||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuing of senior payment-in-kind toggle notes | ' | ' | ' | ' | ' | $550,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash interest percentage of senior payment-in-kind toggle notes | ' | ' | ' | ' | ' | 6.63% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument percentage interest under indenture of notes | ' | ' | ' | ' | ' | 7.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity period of debt | ' | ' | ' | ' | ' | 1-Jun-20 | 1-Jun-20 | ' | ' | ' | ' | ' | 14-Jan-18 | ' | ' | ' | ' | 15-Jan-19 | ' | ' | ' | ' | ' | 14-Jan-17 |
Net proceeds from long-term debt | ' | ' | ' | ' | ' | 538,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption date, period start date | ' | ' | ' | ' | ' | ' | ' | 1-Jun-16 | 1-Jun-17 | 1-Jun-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption date, period end date | ' | ' | ' | ' | ' | ' | ' | 31-May-17 | 31-May-18 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued and unpaid interest | ' | ' | ' | ' | ' | ' | ' | 103.31% | 101.66% | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current restricted payment | ' | ' | ' | ' | ' | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Special cash dividend and distribution to equity holders | ' | ' | ' | ' | ' | ' | 550,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt repaid | ' | ' | 205,237,000 | 266,746,000 | ' | ' | ' | ' | ' | ' | 2,500,000 | 32,000,000 | 7,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 165,000,000 |
Long-term debt proceeds | ' | ' | 747,035,000 | 174,150,000 | ' | ' | ' | ' | ' | ' | ' | 32,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 165,000,000 |
Spread on base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 1.00% | 1.75% | 2.75% | ' | ' | ' | ' | ' | ' | ' |
Spread on LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Original issue discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pretax costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current portion of long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Excess cash flow payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Remaining available capacity under revolving credit facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 328,700,000 |
Outstanding letters of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 56,700,000 |
Non-guarantor subsidiaries, assets | 4,798,776,000 | ' | 4,798,776,000 | ' | 4,793,264,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,067,000,000 | ' | 1,067,000,000 | ' | 952,000,000 | ' |
Assets held by non-guarantor subsidiaries as percentage of total assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22.20% | ' | 20.00% | ' |
Non-guarantor subsidiaries, liabilities | 4,140,772,000 | ' | 4,140,772,000 | ' | 3,610,982,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 271,000,000 | ' | 271,000,000 | ' | 270,000,000 | ' |
Liabilities held by non-guarantor subsidiaries as percentage of total liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.60% | ' | 7.00% | ' |
Non-guarantor subsidiaries, sales | $888,011,000 | $894,019,000 | $2,633,559,000 | $2,473,674,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $338,000,000 | $354,000,000 | $992,000,000 | $1,017,000,000 | ' | ' |
Non-guarantor subsidiaries of net sale, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 38.10% | 39.60% | 37.70% | 41.10% | ' | ' |
Weighted average effective interest rate | 7.09% | ' | 7.09% | ' | 7.33% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivatives_and_Hedging_Activi2
Derivatives and Hedging Activities - Additional Information (Detail) (Foreign Currency Contracts [Member], USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Derivatives, Fair Value [Line Items] | ' |
Notional value | 212 |
Minimum [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Maturities ranging | '1 month |
Maximum [Member] | ' |
Derivatives, Fair Value [Line Items] | ' |
Maturities ranging | '6 months |
Derivatives_and_Hedging_Activi3
Derivatives and Hedging Activities - Balance Sheet Location and Fair Value of Company (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Total derivatives not designated as hedging instruments | $2,253 | $840 |
Prepaid Expenses and Other Current Assets [Member] | Foreign Currency Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, assets | 2,887 | 1,314 |
Other Accrued Liabilities [Member] | Foreign Currency Contracts [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivatives not designated as hedging instruments, liabilities | ($634) | ($474) |
Derivatives_and_Hedging_Activi4
Derivatives and Hedging Activities - Pretax Impact of Foreign Currency Forward Contracts not Designated as Hedging Instruments (Detail) (Other Expense Net [Member], Foreign Currency Contracts [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Other Expense Net [Member] | Foreign Currency Contracts [Member] | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' |
Gain (Loss) Recognized on Foreign Currency Forward Contracts | $3,227 | $472 | $6,903 | ($1,447) |
Fair_Value_Measurements_Carryi
Fair Value Measurements - Carrying Amounts, Estimated Fair Values and Valuation Input Levels of Equity Method Investment, Foreign Currency Contracts, Senior Notes, Senior PIK Toggle Notes, Senior Secured Term Loans and Contingent Consideration Payable (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Carrying Amount [Member] | Level 1 [Member] | Equity Method Investment [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets | $3,234 | $4,492 |
Carrying Amount [Member] | Level 2 [Member] | Foreign Currency Contracts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets | 2,887 | 1,314 |
Liabilities | 634 | 474 |
Carrying Amount [Member] | Level 2 [Member] | 8.25% Senior Notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 1,500,000 | 1,500,000 |
Carrying Amount [Member] | Level 2 [Member] | Senior Secured Term Loan, at Par [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 975,000 | 982,500 |
Carrying Amount [Member] | Level 2 [Member] | Senior PIK Toggle Notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 550,000 | ' |
Carrying Amount [Member] | Level 3 [Member] | Contingent Consideration [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 12,937 | ' |
Fair Value [Member] | Level 1 [Member] | Equity Method Investment [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets | 27,730 | 14,805 |
Fair Value [Member] | Level 2 [Member] | Foreign Currency Contracts [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Assets | 2,887 | 1,314 |
Liabilities | 634 | 474 |
Fair Value [Member] | Level 2 [Member] | 8.25% Senior Notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 1,629,300 | 1,642,500 |
Fair Value [Member] | Level 2 [Member] | Senior Secured Term Loan, at Par [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 977,126 | 987,413 |
Fair Value [Member] | Level 2 [Member] | Senior PIK Toggle Notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | 547,250 | ' |
Fair Value [Member] | Level 3 [Member] | Contingent Consideration [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Liabilities | $12,937 | ' |
Fair_Value_Measurements_Carryi1
Fair Value Measurements - Carrying Amounts, Estimated Fair Values and Valuation Input Levels of Equity Method Investment, Foreign Currency Contracts, Senior Notes, Senior PIK Toggle Notes, Senior Secured Term Loans and Contingent Consideration Payable (Parenthetical) (Detail) (Level 2 [Member], 8.25% Senior Notes [Member]) | Sep. 30, 2013 | Dec. 31, 2012 |
Level 2 [Member] | 8.25% Senior Notes [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Interest rate on senior notes | 8.25% | 8.25% |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (USD $) | 9 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Jul. 03, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jul. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Redwood [Member] | Redwood [Member] | Selling, General and Administrative Expense [Member] | Selling, General and Administrative Expense [Member] | Minimum [Member] | Broadband [Member] | Broadband [Member] | Wireless [Member] | Wireless [Member] | ||
Redwood [Member] | Redwood [Member] | Redwood [Member] | Production Equipment [Member] | |||||||
Business Combination Segment Allocation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payable of contingent consideration range, low | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' |
Payable of contingent consideration range, high | ' | 37.25 | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum level of payout reached | ' | ' | ' | ' | ' | 55 | ' | ' | ' | ' |
Estimated fair value of contingent consideration | ' | ' | 12.4 | ' | ' | ' | ' | ' | ' | ' |
Expenses related to change in estimated fair value, recorded in selling, general and administrative expense | ' | ' | ' | 0.6 | 0.6 | ' | ' | ' | ' | ' |
Pretax goodwill impairment charges | 36.2 | ' | ' | ' | ' | ' | 7.3 | 36.2 | ' | ' |
Pretax impairment charges | $3.60 | ' | ' | ' | ' | ' | ' | ' | $3.60 | $2 |
Industry_Segment_and_Geographi2
Industry Segment and Geographic Information - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Segment | ||||
Segment Reporting [Abstract] | ' | ' | ' | ' |
Number of reportable segments | ' | ' | 3 | ' |
Sales to customers located outside of the United States, percentage | 44.20% | 47.10% | 44.00% | 47.00% |
Industry_Segment_and_Geographi3
Industry Segment and Geographic Information - Summary of Financial Information by Reportable Segment (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total assets | $4,798,776,000 | $4,793,264,000 | ' | ' |
Cash and cash equivalents | 312,045,000 | 264,375,000 | 244,155,000 | 317,102,000 |
Operating Segments [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total assets | 4,374,300,000 | 4,406,800,000 | ' | ' |
Operating Segments [Member] | Wireless [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total assets | 2,463,300,000 | 2,460,200,000 | ' | ' |
Operating Segments [Member] | Enterprise [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total assets | 1,504,600,000 | 1,490,800,000 | ' | ' |
Operating Segments [Member] | Broadband [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Total assets | 406,400,000 | 455,800,000 | ' | ' |
Segment Reconciling Items [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Cash and cash equivalents | 312,000,000 | 264,400,000 | ' | ' |
Deferred income tax assets | 49,700,000 | 61,100,000 | ' | ' |
Deferred financing fees | $62,800,000 | $61,000,000 | ' | ' |
Industry_Segment_and_Geographi4
Industry Segment and Geographic Information - Summary of Net Sales, Operating Income (Loss), Depreciation and Amortization by Reportable Segment (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Net sales: | ' | ' | ' | ' |
Net sales | $888,011,000 | $894,019,000 | $2,633,559,000 | $2,473,674,000 |
Operating income (loss): | ' | ' | ' | ' |
Operating income | 99,842,000 | 72,999,000 | 269,571,000 | 169,137,000 |
Depreciation: | ' | ' | ' | ' |
Depreciation | 14,000,000 | 17,200,000 | 41,400,000 | 52,200,000 |
Amortization: | ' | ' | ' | ' |
Amortization | 43,956,000 | 44,133,000 | 130,921,000 | 132,395,000 |
Operating Segments [Member] | Wireless [Member] | ' | ' | ' | ' |
Net sales: | ' | ' | ' | ' |
Net sales | 552,600,000 | 535,500,000 | 1,640,600,000 | 1,401,100,000 |
Operating income (loss): | ' | ' | ' | ' |
Operating income | 90,300,000 | 36,700,000 | 246,000,000 | 65,400,000 |
Depreciation: | ' | ' | ' | ' |
Depreciation | 8,300,000 | 11,100,000 | 24,700,000 | 33,800,000 |
Amortization: | ' | ' | ' | ' |
Amortization | 22,000,000 | 22,900,000 | 66,100,000 | 68,700,000 |
Operating Segments [Member] | Enterprise [Member] | ' | ' | ' | ' |
Net sales: | ' | ' | ' | ' |
Net sales | 212,200,000 | 212,000,000 | 622,700,000 | 637,800,000 |
Operating income (loss): | ' | ' | ' | ' |
Operating income | 21,700,000 | 34,600,000 | 63,700,000 | 93,500,000 |
Depreciation: | ' | ' | ' | ' |
Depreciation | 3,200,000 | 3,300,000 | 9,100,000 | 9,600,000 |
Amortization: | ' | ' | ' | ' |
Amortization | 17,400,000 | 16,600,000 | 51,000,000 | 49,900,000 |
Operating Segments [Member] | Broadband [Member] | ' | ' | ' | ' |
Net sales: | ' | ' | ' | ' |
Net sales | 124,600,000 | 148,000,000 | 375,500,000 | 439,200,000 |
Operating income (loss): | ' | ' | ' | ' |
Operating income | -12,200,000 | 1,700,000 | -40,100,000 | 10,200,000 |
Depreciation: | ' | ' | ' | ' |
Depreciation | 2,500,000 | 2,800,000 | 7,600,000 | 8,800,000 |
Amortization: | ' | ' | ' | ' |
Amortization | 4,600,000 | 4,600,000 | 13,800,000 | 13,800,000 |
Intersegment Eliminations [Member] | ' | ' | ' | ' |
Net sales: | ' | ' | ' | ' |
Net sales | ($1,400,000) | ($1,500,000) | ($5,200,000) | ($4,400,000) |
Industry_Segment_and_Geographi5
Industry Segment and Geographic Information - Summary of Net Sales, Operating Income (Loss), Depreciation and Amortization by Reportable Segment (Parenthetical) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Restructuring charges | $4,900,000 | ' | $1,624,000 | $16,433,000 | $17,005,000 |
Asset impairment charges | 7,320,000 | ' | 38,271,000 | 41,802,000 | 38,271,000 |
Goodwill impairment charges | ' | ' | ' | 36,200,000 | ' |
Wireless [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Restructuring charges | 1,353,000 | ' | 1,613,000 | 9,935,000 | 16,653,000 |
Asset impairment charges | ' | ' | ' | 5,600,000 | 38,300,000 |
Broadband [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Restructuring charges | 3,460,000 | ' | 11,000 | 5,956,000 | 326,000 |
Goodwill impairment charges | 7,300,000 | 28,800,000 | ' | 36,200,000 | ' |
Warranty charge related to products sold in 2006 and 2007 | ' | ' | $5,700,000 | ' | $8,800,000 |
Industry_Segment_and_Geographi6
Industry Segment and Geographic Information - Summary of Sales by Geographic Region, Based on Destination of Product Shipments (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | $888,011 | $894,019 | $2,633,559 | $2,473,674 |
United States [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 495,400 | 472,900 | 1,473,500 | 1,310,200 |
Europe, Middle East and Africa (EMEA) [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 182,600 | 179,600 | 512,600 | 506,400 |
Asia Pacific (APAC) [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 125,100 | 148,400 | 389,800 | 413,800 |
Central and Latin America (CALA) [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | 65,800 | 76,500 | 201,000 | 183,600 |
Canada [Member] | ' | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' | ' |
Net sales | $19,100 | $16,600 | $56,700 | $59,700 |
Restructuring_Costs_Summary_of
Restructuring Costs - Summary of Company's Net Pretax Restructuring Charges (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total pretax restructuring charges | $4,900 | $1,624 | $16,433 | $17,005 |
Wireless [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total pretax restructuring charges | 1,353 | 1,613 | 9,935 | 16,653 |
Enterprise [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total pretax restructuring charges | 87 | ' | 542 | 26 |
Broadband [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Total pretax restructuring charges | $3,460 | $11 | $5,956 | $326 |
Restructuring_Costs_Activity_w
Restructuring Costs - Activity within Liability Established for Restructuring Actions, Included in Other Accrued Liabilities (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Beginning balance | $15,653 | ' | $20,481 | ' |
Additional charge recorded | 4,900 | 1,624 | 16,433 | 17,005 |
Cash paid | -11,292 | ' | -25,860 | ' |
Foreign exchange and other non-cash items | -1,236 | ' | -3,029 | ' |
Ending balance | 8,025 | ' | 8,025 | ' |
Employee-Related Costs [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Beginning balance | 13,409 | ' | 19,228 | ' |
Additional charge recorded | 1,136 | ' | 8,855 | ' |
Cash paid | -8,323 | ' | -21,623 | ' |
Foreign exchange and other non-cash items | 96 | ' | -142 | ' |
Ending balance | 6,318 | ' | 6,318 | ' |
Lease Termination Costs [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Beginning balance | 2,244 | ' | 1,253 | ' |
Additional charge recorded | -12 | ' | 1,790 | ' |
Cash paid | -547 | ' | -1,314 | ' |
Foreign exchange and other non-cash items | 22 | ' | -22 | ' |
Ending balance | 1,707 | ' | 1,707 | ' |
Fixed Asset Related Costs [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Additional charge recorded | 2,422 | ' | 2,923 | ' |
Cash paid | -2,422 | ' | -2,923 | ' |
Asset Impairment Costs [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Additional charge recorded | 1,354 | ' | 2,865 | ' |
Foreign exchange and other non-cash items | ($1,354) | ' | ($2,865) | ' |
Restructuring_Costs_Additional
Restructuring Costs - Additional Information (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Restructuring Cost and Reserve [Line Items] | ' |
Restructuring charges | $58.10 |
Minimum [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Expected cash payment | 2 |
Additional expected cash payment | 5 |
Maximum [Member] | ' |
Restructuring Cost and Reserve [Line Items] | ' |
Expected cash payment | 3 |
Additional expected cash payment | $6 |
Employee_Benefit_Plans_Summary
Employee Benefit Plans - Summary of Defined Benefit Pension Plan and Other Postretirement Defined Benefit Plan (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Pension Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | $112 | $102 | $334 | $305 |
Interest cost | 2,868 | 3,181 | 8,643 | 9,537 |
Recognized actuarial loss (gain) | 102 | 104 | 352 | 389 |
Expected return on plan assets | -3,579 | -3,173 | -10,758 | -9,515 |
Net periodic benefit cost (income) | -497 | 214 | -1,429 | 716 |
Other Postretirement Benefits [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Service cost | 62 | 75 | 186 | 226 |
Interest cost | 228 | 550 | 684 | 1,650 |
Recognized actuarial loss (gain) | 70 | -15 | 209 | -46 |
Amortization of prior service credits | -2,404 | -1,694 | -7,213 | -5,080 |
Expected return on plan assets | -16 | -41 | -47 | -124 |
Net periodic benefit cost (income) | ($2,060) | ($1,125) | ($6,181) | ($3,374) |
Employee_Benefit_Plans_Additio
Employee Benefit Plans - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Pension Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Current contribution amount | $13.20 | $21.70 |
Additional contribution amount for remaining fiscal period | ' | 0.3 |
Other Postretirement Benefits [Member] | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' |
Current contribution amount | 1 | 3 |
Additional contribution amount for remaining fiscal period | ' | $1 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | ||||
Jun. 28, 2013 | Jun. 30, 2013 | 28-May-13 | 31-May-13 | Sep. 30, 2013 | Sep. 30, 2012 | |
Equity [Abstract] | ' | ' | ' | ' | ' | ' |
Dividend declared | $1.26 | ' | $2.21 | ' | ' | ' |
Dividend paid | $195,900,000 | ' | $342,800,000 | ' | $538,705,000 | ' |
Cash payment to stock option holders in lieu of reduction in exercise prices | ' | 4,100,000 | ' | 7,200,000 | 11,295,000 | ' |
Additional compensation expense | ' | ' | ' | ' | 0 | ' |
Total unrecognized compensation costs related to non-vested stock options and share unit awards | ' | ' | ' | ' | 21,900,000 | ' |
Recognition period of unrecognized compensation costs | ' | ' | ' | ' | '2 years | ' |
Recognized stock option expense | ' | ' | ' | ' | 2,400,000 | ' |
Share unit award expense | ' | ' | ' | ' | $4,000,000 | $2,500,000 |
Stockholders_Equity_Summary_of
Stockholders' Equity - Summary of Stock Option Activity (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Equity [Abstract] | ' | ' | ' |
Shares, Beginning Balance | 11,319 | 10,206 | ' |
Shares, Granted | ' | 713 | ' |
Shares, Adjustment Related to 2012 Performance | ' | 463 | ' |
Shares, Exercised | ' | -31 | ' |
Shares, Forfeited | -282 | -314 | ' |
Shares, Ending Balance | 11,037 | 11,037 | ' |
Weighted Average Exercise Price, Beginning Balance | $6.13 | $8.33 | ' |
Shares, Exercisable Ending Balance | 6,132 | 6,132 | ' |
Weighted Average Exercise Price, Granted | ' | $12.38 | ' |
Shares, Expected to Vest | 4,838 | 4,838 | ' |
Weighted Average Exercise Price, Adjustment related to 2012 performance | ' | $9.19 | ' |
Weighted Average Exercise Price, Exercised | ' | $9.14 | ' |
Weighted Average Exercise Price, Forfeited | $5.78 | $6.21 | ' |
Weighted Average Exercise Price, Ending Balance | $6.14 | $6.14 | ' |
Weighted Average Grant Date Fair Value Per Share, Granted | ' | $4.69 | $3.19 |
Weighted Average Exercise Price, Exercisable Ending Balance | $6.13 | $6.13 | ' |
Weighted Average Grant Date Fair Value Per Share, Adjustment Related to 2012 Performance | ' | $5.10 | ' |
Weighted Average Grant Date Fair Value Per Share, Forfeited | $3.89 | $3.82 | ' |
Stockholders_Equity_Summary_of1
Stockholders' Equity - Summary of Stock Option Activity (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Jun. 30, 2013 |
Equity [Abstract] | ' | ' |
Dividend adjustment price per share | $2.48 | $2.48 |
Stockholders_Equity_Summary_of2
Stockholders' Equity - Summary of Exercise Price (Detail) (USD $) | 9 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices Minimum | $2.96 |
Range of Exercise Prices Maximum | $8.90 |
Options Outstanding Shares | 11,037 |
Options Exercisable Shares | 6,132 |
Weighted Average Remaining Contractual Life | '6 years 10 months 24 days |
Weighted Average Exercise Price Per Share, Options Outstanding | $6.14 |
Weighted Average Exercise Price Per Share, Options Exercisable | $6.13 |
Range One [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices Minimum | $2.96 |
Range of Exercise Prices Maximum | $5.35 |
Options Outstanding Shares | 1,476 |
Options Exercisable Shares | 1,476 |
Weighted Average Remaining Contractual Life | '3 years 9 months 18 days |
Weighted Average Exercise Price Per Share, Options Outstanding | $4.04 |
Weighted Average Exercise Price Per Share, Options Exercisable | $4.04 |
Range Two [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices Minimum | $5.36 |
Range of Exercise Prices Maximum | $5.67 |
Options Outstanding Shares | 1,524 |
Options Exercisable Shares | 789 |
Weighted Average Remaining Contractual Life | '8 years 4 months 24 days |
Weighted Average Exercise Price Per Share, Options Outstanding | $5.57 |
Weighted Average Exercise Price Per Share, Options Exercisable | $5.57 |
Range Three [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices Minimum | $5.68 |
Range of Exercise Prices Maximum | $8.54 |
Options Outstanding Shares | 5,564 |
Options Exercisable Shares | 2,095 |
Weighted Average Remaining Contractual Life | '7 years 3 months 18 days |
Weighted Average Exercise Price Per Share, Options Outstanding | $5.73 |
Weighted Average Exercise Price Per Share, Options Exercisable | $5.73 |
Range Four [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Range of Exercise Prices Minimum | $8.55 |
Range of Exercise Prices Maximum | $8.90 |
Options Outstanding Shares | 2,473 |
Options Exercisable Shares | 1,772 |
Weighted Average Remaining Contractual Life | '6 years 9 months 18 days |
Weighted Average Exercise Price Per Share, Options Outstanding | $8.68 |
Weighted Average Exercise Price Per Share, Options Exercisable | $8.59 |
Stockholders_Equity_Summary_of3
Stockholders' Equity - Summary of Weighted Average Assumptions Used to Estimate Fair Value of Stock Option (Detail) (USD $) | 9 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | |
Equity [Abstract] | ' | ' |
Expected option term (in years) | '3 years | '3 years 10 months 24 days |
Risk-free interest rate | 0.40% | 0.60% |
Expected volatility | 75.00% | 75.00% |
Estimated marketability discount | 15.00% | 30.00% |
Expected dividend yield | ' | ' |
Weighted average exercise price | $12.38 | $10.33 |
Weighted average fair value at grant date | $4.69 | $3.19 |
Subsequent_Events_Additional_i
Subsequent Events - Additional information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 1 Months Ended | 1 Months Ended | 1 Months Ended | |||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Nov. 06, 2013 | Oct. 04, 2013 | Oct. 04, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Nov. 25, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | ||||||
Employee | Carlyle [Member] | Senior Notes [Member] | Senior Notes [Member] | Common Stock [Member] | |||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split | ' | ' | ' | ' | ' | ' | 3 | 3 | ' | ' | ' | ' | ' |
Increase in authorized capital stock | 300,000,000 | ' | 300,000,000 | ' | 300,000,000 | ' | 1,300,000,000 | 1,300,000,000 | ' | ' | ' | ' | ' |
Increase in authorized preferred stock | ' | ' | ' | ' | ' | ' | 200,000,000 | 200,000,000 | ' | ' | ' | ' | ' |
Common stock, par value | $0.01 | ' | $0.01 | ' | $0.01 | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' |
Shares of common stock issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,800,000 |
Shares sold by The Carlyle Group | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,700,000 | ' | ' | ' |
Reduced ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 77.90% | ' | ' | ' |
Option for underwriters to purchase additional shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,800,000 | ' | ' | ' |
Reducing ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 74.80% | ' | ' | ' |
Net transaction cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $433,000,000 |
Carlyle funds IPO | ' | ' | ' | ' | ' | ' | ' | ' | ' | '30 days | ' | ' | ' |
Company issued redemption notices | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000,000 | ' |
Redemption notices senior notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8.25% | ' |
Accrued and unpaid interest | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 108.25% | ' | ' |
Management agreement termination fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,200,000 | ' | ' | ' |
Common stock issued under equity incentive plans | ' | ' | ' | ' | ' | ' | ' | ' | 31,600,000 | ' | ' | ' | ' |
Number of employees impact of manufacturing operation and shifting the production of existing facilities | ' | ' | ' | ' | ' | 200 | ' | ' | ' | ' | ' | ' | ' |
Asset impairment charges | 7,320,000 | 38,271,000 | 41,802,000 | 38,271,000 | ' | 10,000,000 | ' | ' | ' | ' | ' | ' | ' |
Restructuring charges | $4,900,000 | $1,624,000 | $16,433,000 | $17,005,000 | ' | $15,000,000 | ' | ' | ' | ' | ' | ' | ' |