Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 28, 2013 | Mar. 21, 2014 | |
Document Information [Line Items] | ' | ' |
Document Fiscal Year Focus | '2013 | ' |
Entity Registrant Name | 'ASSOCIATED MATERIALS, LLC | ' |
Entity Central Index Key | '0000802967 | ' |
Current Fiscal Year End Date | '--12-28 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Document Type | '10-K | ' |
Document Period End Date | 28-Dec-13 | ' |
Document Fiscal Period Focus | 'FY | ' |
Amendment Flag | 'false | ' |
Membership interests description | 'The registrant’s membership interests outstanding were held by an affiliate of the Registrant | ' |
Common Shares Outstanding | ' | 0 |
Entity Well-known Seasoned Issuer | 'No | ' |
Entity Voluntary Filers | 'No | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Public Float | ' | $0 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $20,815 | $9,594 |
Accounts receivable, net | 125,263 | 121,387 |
Inventories | 133,469 | 117,965 |
Income taxes receivable | 792 | 2,690 |
Deferred income taxes | 4,685 | 8,734 |
Prepaid expenses and other current assets | 10,842 | 8,771 |
Total current assets | 295,866 | 269,141 |
Property, plant and equipment, net | 100,945 | 108,452 |
Goodwill | 471,791 | 482,613 |
Other intangible assets, net | 563,224 | 599,644 |
Other assets | 24,793 | 22,434 |
Total assets | 1,456,619 | 1,482,284 |
Current liabilities: | ' | ' |
Accounts payable | 96,974 | 74,311 |
Accrued liabilities | 78,182 | 75,297 |
Deferred income taxes | 2,441 | 3,469 |
Income taxes payable | 2,139 | 5,697 |
Total current liabilities | 179,736 | 158,774 |
Deferred income taxes | 126,204 | 130,777 |
Other liabilities | 117,659 | 153,473 |
Long-term debt | 835,230 | 808,205 |
Commitments and contingencies | ' | ' |
Member’s equity: | ' | ' |
Membership interest | 555,370 | 554,473 |
Accumulated other comprehensive income (loss) | -17,916 | -17,247 |
Accumulated deficit | -339,664 | -306,171 |
Total member’s equity | 197,790 | 231,055 |
Total liabilities and member’s equity | $1,456,619 | $1,482,284 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Loss (USD $) | 3 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Oct. 01, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' | ' |
Net sales | ' | ' | $1,169,598 | $1,142,521 | $1,159,515 |
Cost of sales | ' | ' | 887,798 | 859,617 | 894,333 |
Gross profit | ' | ' | 281,800 | 282,904 | 265,182 |
Selling, general and administrative expenses | ' | ' | 232,281 | 240,027 | 247,278 |
Impairment of goodwill | ' | ' | 0 | 0 | 84,253 |
Impairment of other intangible assets | 7,700 | 72,200 | 0 | 0 | 79,894 |
Merger transaction costs | ' | ' | 0 | 0 | 585 |
Manufacturing restructuring costs | ' | ' | 0 | 0 | 228 |
Income (loss) from operations | ' | ' | 49,519 | 42,877 | -147,056 |
Interest expense, net | ' | ' | 79,751 | 75,520 | 75,729 |
Foreign currency loss (gain) | ' | ' | 754 | 119 | 438 |
Loss before income taxes | ' | ' | -30,986 | -32,762 | -223,223 |
Income tax expense (benefit) | ' | ' | 2,507 | 5,605 | -20,434 |
Net income (loss) | ' | ' | -33,493 | -38,367 | -202,789 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 19,774 | -9,446 | -18,640 |
Foreign currency translation adjustments, net of tax | ' | ' | -20,443 | 8,228 | -7,374 |
Total comprehensive loss | ' | ' | ($34,162) | ($39,585) | ($228,803) |
Consolidated_Statements_of_Mem
Consolidated Statements of Member's Equity/Stockholders' (Deficit) (USD $) | Total | Membership Interest [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated (Deficit)/Retained Earnings [Member] |
In Thousands | ||||
Balance at Jan. 01, 2011 | $498,477 | $553,507 | $9,985 | ($65,015) |
Net loss | -202,789 | 0 | 0 | ' |
Other comprehensive loss | -26,014 | 0 | -26,014 | 0 |
Equity contribution from parent | 300 | 300 | 0 | 0 |
Stock-based compensation expense | 709 | 709 | 0 | 0 |
Restricted stock surrendered upon vesting | -219 | -219 | 0 | 0 |
Balance at Dec. 31, 2011 | 270,464 | 554,297 | -16,029 | -267,804 |
Net loss | -38,367 | 0 | 0 | ' |
Other comprehensive loss | -1,218 | 0 | -1,218 | 0 |
Equity contribution from parent | 80 | 80 | 0 | 0 |
Stock-based compensation expense | 96 | 96 | 0 | 0 |
Balance at Dec. 29, 2012 | 231,055 | 554,473 | -17,247 | -306,171 |
Net loss | -33,493 | 0 | 0 | ' |
Other comprehensive loss | -669 | 0 | -669 | 0 |
Equity contribution from parent | 742 | 742 | 0 | 0 |
Stock-based compensation expense | 155 | 155 | 0 | 0 |
Balance at Dec. 28, 2013 | $197,790 | $555,370 | ($17,916) | ($339,664) |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
OPERATING ACTIVITIES | ' | ' | ' |
Net loss | ($33,493) | ($38,367) | ($202,789) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ' | ' | ' |
Depreciation and amortization | 43,041 | 50,678 | 51,326 |
Deferred income taxes | -1,503 | -2,061 | -32,616 |
Impairment of goodwill and other intangible assets | 0 | 0 | 164,147 |
Provision for losses on accounts receivable | 1,122 | 2,420 | 3,114 |
Loss (gain) on sale or disposal of assets | 130 | -12 | 215 |
Amortization of deferred financing costs and premium | 4,451 | 4,479 | 4,459 |
Stock-based compensation expense and other non-cash charges | 161 | 96 | 709 |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts receivable | -7,142 | -1,333 | -7,774 |
Inventories | -17,696 | -1,647 | 29,701 |
Prepaid expenses | -2,307 | 2,953 | -2,701 |
Accounts payable | 24,262 | -6,407 | -8,573 |
Accrued liabilities | 3,529 | 2,666 | -6,950 |
Income taxes receivable/payable | -1,716 | -4,158 | 8,078 |
Other assets | -2,185 | -1,755 | 918 |
Other liabilities | -10,401 | -8,141 | -3,269 |
Net cash provided by (used in) operating activities | 253 | -589 | -2,005 |
INVESTING ACTIVITIES | ' | ' | ' |
Supply center acquisition | -348 | 0 | -1,550 |
Capital expenditures | -11,702 | -5,371 | -15,447 |
Proceeds from the sale of assets | 60 | 94 | 494 |
Net cash used in investing activities | -11,990 | -5,277 | -16,503 |
FINANCING ACTIVITIES | ' | ' | ' |
Borrowings under ABL facilities | 148,861 | 208,471 | 455,149 |
Payments under ABL facilities | -226,861 | -204,171 | -439,149 |
Equity contribution from parent | 742 | 80 | 300 |
Issuance of senior notes | 106,000 | 0 | 0 |
Financing costs | -5,549 | -225 | -398 |
Net cash provided by financing activities | 23,193 | 4,155 | 15,902 |
Effect of exchange rate changes on cash and cash equivalents | -235 | -69 | 191 |
Increase (decrease) in cash and cash equivalents | 11,221 | -1,780 | -2,415 |
Cash and cash equivalents at beginning of the period | 9,594 | 11,374 | 13,789 |
Cash and cash equivalents at end of the period | 20,815 | 9,594 | 11,374 |
Supplemental Information: | ' | ' | ' |
Cash paid for interest | 74,043 | 71,122 | 74,300 |
Cash paid for income taxes | $4,685 | $11,920 | $5,918 |
Accounting_Policies
Accounting Policies | 12 Months Ended |
Dec. 28, 2013 | |
Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
ACCOUNTING POLICIES | |
NATURE OF OPERATIONS | |
Associated Materials, LLC (the “Company”) was founded in 1947 when it first introduced residential aluminum siding under the Alside® name and is a leading, vertically integrated manufacturer and distributor of exterior residential building products in the United States (“U.S.”) and Canada. The Company produces a comprehensive offering of exterior building products, including vinyl windows, vinyl siding, vinyl railing and fencing, aluminum trim coil, aluminum and steel siding and related accessories, which are produced at the Company’s 11 manufacturing facilities. The Company also sells complementary products that are manufactured by third parties, such as roofing materials, cladding materials, insulation, exterior doors, equipment and tools, and provides installation services. The Company distributes these products through its extensive dual-distribution network to over 50,000 professional exterior contractors, builders and dealers, whom the Company refers to as its “contractor customers.” This dual-distribution network consists of 124 company-operated supply centers, through which the Company sells directly to its contractor customers, and its direct sales channel, through which the Company sells to more than 275 independent distributors, dealers and national account customers. | |
BASIS OF PRESENTATION | |
On October 13, 2010, AMH Holdings II, Inc. (“AMH II”), the then indirect parent company of the Company, completed its merger (the “Acquisition Merger”) with Carey Acquisition Corp. (“Merger Sub”), pursuant to the terms of the Agreement and Plan of Merger, dated as of September 8, 2010 (“Merger Agreement”), among Carey Investment Holdings Corp. (now known as Associated Materials Group, Inc.) (“Parent”), Carey Intermediate Holdings Corp. (now known as Associated Materials Incorporated), a 100% owned direct subsidiary of Parent (“Holdings”), Merger Sub, a wholly-owned direct subsidiary of Holdings, and AMH II, with AMH II surviving such merger as a wholly-owned direct subsidiary of Holdings. After a series of additional mergers (the “Downstream Mergers,” and together with the “Acquisition Merger,” the “Merger”), AMH II merged with and into the Company, with the Company surviving such merger as a wholly-owned direct subsidiary of Holdings. As a result of the Merger, the Company is now an indirect wholly-owned subsidiary of Parent. Holdings and Parent do not have material assets or operations other than their direct and indirect ownership, respectively, of the membership interest of the Company. Approximately 97% of the capital stock of Parent is owned by investment funds affiliated with Hellman & Friedman (“H&F”). | |
The Company operates on a 52/53 week fiscal year that ends on the Saturday closest to December 31st. The Company’s 2013, 2012 and 2011 fiscal years ended on December 28, 2013, December 29, 2012 and December 31, 2011, respectively, and included 52 weeks of operations. | |
PRINCIPLES OF CONSOLIDATION | |
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances are eliminated in consolidation. | |
USE OF ESTIMATES | |
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an ongoing basis, the Company evaluates its estimates, including those related to recoverability of intangibles and other long-lived assets, customer programs and incentives, allowance for doubtful accounts, inventories, warranties, valuation allowances for deferred tax assets, share-based compensation, pensions and postretirement benefits and various other allowances and accruals. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. | |
REVENUE RECOGNITION | |
The Company primarily sells and distributes its products through two channels: direct sales from its manufacturing facilities to independent distributors and dealers and sales to contractors through its company-operated supply centers. Direct sales revenue is recognized when the Company’s manufacturing facility ships the product and title and risk of loss passes to the customer or when services have been rendered. Sales to contractors are recognized either when the contractor receives product directly from the supply center or when the supply center delivers the product to the contractor’s job site. For both direct sales to independent distributors and dealers and sales generated from the Company’s supply centers, revenue is not recognized until collectability is reasonably assured. A substantial portion of the Company’s sales is in the repair and replacement segment of the exterior residential building products industry. Therefore, vinyl windows are manufactured to specific measurement requirements received from the Company’s customers. In each of 2013, 2012 and 2011, sales to one customer and its licensees represented approximately 13% of total net sales. | |
Revenues are recorded net of estimated returns, customer incentive programs and other incentive offerings including special pricing agreements, promotions and other volume-based incentives. Revisions to these estimates are charged to income in the period in which the facts that give rise to the revision become known. For contracts involving installation, revenue recognition is dependent on the type of contract under which the Company is performing. For single-family residential contracts, revenue is recognized when the installation is complete. For multi-family residential or commercial contracts, revenue is recognized based on percentage of completion. The Company collects sales, use, and value added taxes that are imposed by governmental authorities on and concurrent with sales to the Company’s customers. Revenues are presented net of these taxes as the obligation is included in accrued liabilities until the taxes are remitted to the appropriate taxing authorities. | |
The Company offers certain sales incentives to customers who become eligible based on the volume of purchases made during the calendar year. The sales incentives programs are considered customer volume rebates, which are typically computed as a percentage of customer sales, and in certain instances the rebate percentage may increase as customers achieve sales hurdles. Volume rebates are accrued throughout the year based on management estimates of customers’ annual sales volumes and the expected annual rebate percentage achieved. For these programs, the Company does not receive an identifiable benefit in exchange for the consideration, and therefore, the Company characterizes the volume rebate to the customer as a reduction of revenue in the Company’s Consolidated Statements of Comprehensive Loss. | |
CASH AND CASH EQUIVALENTS | |
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |
ACCOUNTS RECEIVABLE | |
The Company records accounts receivable at selling prices which are fixed based on purchase orders or contractual arrangements. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The allowance for doubtful accounts is based on a review of the overall condition of accounts receivable balances and a review of significant past due accounts. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. Accounts receivable that are not expected to be collected within one year are reclassified as long-term accounts receivable. Long-term accounts receivable balances, net of the related allowance for doubtful accounts are included in other assets in the Consolidated Balance Sheets. See Note 3 for further information. | |
INVENTORIES | |
Inventories are valued at the lower of cost (first-in, first-out) or market. The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. Fixed manufacturing overhead is allocated based on normal production capacity and abnormal manufacturing costs are recognized as period costs. See Note 4 for further information. | |
PROPERTY, PLANT AND EQUIPMENT | |
Additions to property, plant and equipment are stated at cost. The cost of maintenance and repairs of property, plant and equipment is charged to operations in the period incurred. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. The estimated useful lives are approximately 20 to 30 years for buildings and improvements and 3 to 15 years for machinery and equipment. Leasehold improvements are amortized over the lesser of the lease term or the estimated life of the leasehold improvement. Property, plant and equipment are reviewed for impairment in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360, Property, Plant, and Equipment. | |
The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to undiscounted future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Depreciation on assets held for sale is discontinued and such assets are reported at the lower of the carrying amount or fair value less costs to sell. See Note 5 for further information. | |
GOODWILL AND OTHER INTANGIBLE ASSETS WITH INDEFINITE LIVES | |
In accordance with FASB ASC Topic 350, Intangibles — Goodwill and Other, the Company evaluates the carrying value of its goodwill and other intangible assets with indefinite lives for potential impairment on an annual basis or an interim basis if there are indicators of potential impairment. As the consolidated entity represents the only component that constitutes a business for which discrete financial information is reviewed by the Company’s chief operating decision maker for the purpose of making decisions about resources to be allocated and assessing performance, the Company concludes that it has one reporting unit, which is the same as its single operating segment, and the Company performs its goodwill impairment assessment for the Company as a whole. The impairment test is conducted using an income approach. As the Company does not have a market for its equity, management performs the annual impairment analysis utilizing a discounted cash flow approach incorporating current estimates regarding performance and macroeconomic factors discounted at a weighted average cost of capital. The Company conducts its impairment test of its goodwill and other intangible assets with indefinite lives annually at the beginning of the fourth quarter of each year or as indicators of potential impairment arise. The resulting fair value measures used in such impairment tests incorporate significant unobservable inputs, and as such, are considered Level 3 fair value measurements. See Note 6 for further information. | |
PRODUCT WARRANTY COSTS | |
Consistent with industry practice, the Company provides to homeowners limited warranties on certain products, primarily related to window and siding product categories. Warranties are of varying lengths of time from the date of purchase up to and including lifetime. Warranties cover product failures such as seal failures for windows and fading and peeling for siding products, as well as manufacturing defects. The Company has various options for remedying product warranty claims including repair, refinishing or replacement of the defective product, the cost of which is directly absorbed by the Company. Warranties also become reduced under certain conditions of time and/or change in home ownership. Certain metal coating suppliers provide warranties on materials sold to the Company that mitigate the costs incurred by the Company. Reserves for future warranty costs are provided based on management’s estimates utilizing an actuarial calculation performed by an independent actuarial firm that projects future remedy costs using historical data trends of claims incurred, claim payments, sales history of products to which such costs relate and other factors. See Note 9 for further information. | |
INCOME TAXES | |
The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Income tax expense includes both current and deferred taxes. Deferred tax assets and liabilities may be recognized for the effect of temporary differences between the book and tax bases of recorded assets and liabilities. ASC 740 requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company reviews the recoverability of any tax assets recorded on the balance sheet and provides any necessary allowances as required. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of expense and benefit to be recognized in the financial statements. No tax benefit is recognized in the financial statements for tax positions that do not meet the more likely than not threshold. The Company recognizes interest and penalties related to income taxes and uncertain tax positions within income tax expense. The effect of a change to the deferred tax assets or liabilities as a result of new tax law, including tax rate changes, is recognized in the period that the tax law is enacted. See Note 12 for further information. | |
DERIVATIVES AND HEDGING ACTIVITIES | |
In accordance with FASB ASC Topic 815, Derivatives and Hedging, all of the Company’s derivative instruments are recognized on the balance sheet at their fair value. The Company uses techniques designed to mitigate the short-term effect of exchange rate fluctuations of the Canadian dollar on its operations by entering into foreign exchange forward contracts. The Company does not speculate in foreign currencies or derivative financial instruments. Gains or losses on foreign exchange forward contracts are recorded within foreign currency (gain) loss in the accompanying Consolidated Statements of Comprehensive Loss. At December 28, 2013, the Company was a party to foreign exchange forward contracts for Canadian dollars. The value of these contracts was immaterial at December 28, 2013. | |
STOCK PLANS | |
The Company accounts for share-based payments to employees and directors, including grants of restricted stock and restricted stock unit awards, in accordance with FASB ASC Topic 718, Compensation — Stock Compensation (“ASC 718”), which requires that share-based payments (to the extent they are compensatory) be measured and recognized in the Company’s Consolidated Statements of Comprehensive Loss using a fair value method. See Note 14 for further information. | |
PENSIONS | |
Pension costs are developed from actuarial valuations. Inherent in these valuations are key assumptions including discount rates and expected return on plan assets. In selecting these assumptions, management considers current market conditions, including changes in interest rates and market returns on plan assets. Changes in the related pension benefit costs may occur in the future due to changes in assumptions. See Note 15 for further information. | |
LEASE OBLIGATIONS | |
Lease expense for operating leases that have escalating rentals over the term of the lease is recorded on a straight-line basis over the life of the lease, which commences on the date the Company has the right to control the property. The cumulative expense recognized on a straight-line basis in excess of the cumulative payments is included in accrued liabilities and other liabilities in the Consolidated Balance Sheets. Capital improvements that may be required to make a building suitable for the Company’s use are incurred by the landlords and are made prior to the Company having control of the property (lease commencement date) and are therefore incorporated into the determination of the lease rental rate. See Note 16 for further information. | |
In connection with the Merger and the application of purchase accounting, the Company evaluated its operating leases and recorded adjustments to reflect the fair market values of its operating leases. As a result, a favorable lease asset of $0.8 million and an unfavorable lease liability of $5.0 million were recorded based on the then current market analysis. The favorable lease asset and unfavorable lease liability are being amortized over the related remaining lease terms and are reported within cost of sales and selling, general and administrative expenses in the Consolidated Statements of Comprehensive Loss beginning October 13, 2010. The unamortized balances as of December 28, 2013 for the lease asset and lease liability were $0.2 million and $3.0 million, respectively. | |
LITIGATION EXPENSES | |
The Company is involved in certain legal proceedings. The Company recognizes litigation related expenses in the period in which the litigation services are provided. See Note 17 for further information. | |
COST OF SALES AND SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | |
For products manufactured by the Company, cost of sales includes the purchase cost of raw materials, net of vendor rebates, payroll and benefit costs for direct and indirect labor incurred at the Company’s manufacturing locations including purchasing, receiving and inspection, inbound freight charges, freight charges to deliver product to the Company’s supply centers, and freight charges to deliver product to the Company’s independent distributor and dealer customers. It also includes all variable and fixed costs incurred to operate and maintain the manufacturing locations and machinery and equipment, such as lease costs, repairs and maintenance, utilities and depreciation. For third-party manufactured products, which are sold through the Company’s supply centers, cost of sales includes the purchase cost of the product, net of vendor rebates, as well as inbound freight charges. | |
Selling, general and administrative expenses include payroll and benefit costs including incentives and commissions of its supply center employees, corporate employees and sales representatives, building lease costs of its supply centers, delivery vehicle costs and other delivery charges incurred to deliver product from its supply centers to its contractor customers, sales vehicle costs, marketing costs, customer sales rewards, other administrative expenses such as supplies, legal, accounting, consulting, travel and entertainment as well as all other costs to operate its supply centers and corporate office. The customer sales rewards programs offer customers the ability to earn points based on purchases, which can be redeemed for products or services procured through independent third-party suppliers. The costs of the rewards programs are accrued as earned throughout the year based on estimated payouts under the program. Total customer rewards costs reported as a component of selling, general and administrative expenses totaled $3.8 million, $4.5 million and $6.2 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. Shipping and handling costs included in selling, general and administrative expense totaled $30.8 million, $31.9 million and $32.1 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | |
For the year ended December 28, 2013, the Company incurred $4.0 million of expense for company-sponsored research and development activities related to the new window platform that was launched in January 2014. Research and development activities are principally related to new product development and were reported within the cost of sales and selling, general and administrative expenses in the Consolidated Statements of Comprehensive Loss. Costs related to research and development were immaterial for the years ended December 29, 2012 and December 31, 2011. | |
MARKETING AND ADVERTISING | |
Marketing and advertising costs are generally expensed as incurred. Marketing and advertising expense was $8.8 million, $11.0 million and $12.3 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | |
FOREIGN CURRENCY TRANSLATION | |
The financial position and results of operations of the Company’s Canadian subsidiary are measured using Canadian dollars as the functional currency. Assets and liabilities of the subsidiary are translated into U.S. dollars at the exchange rate in effect at each reporting period end. Income statement and cash flow amounts are translated into U.S. dollars at the average exchange rates prevailing during the year. Translation adjustments arising from the use of different exchange rates from period to period are reflected as a component of member’s equity within accumulated other comprehensive income (loss). Gains and losses arising from transactions denominated in a currency other than Canadian dollars occurring in the Company’s Canadian subsidiary are included in foreign currency gain (loss) in the Company’s Consolidated Statements of Comprehensive Loss. | |
RECENT ACCOUNTING PRONOUNCEMENTS | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 eliminates diversity in practice in the presentation of unrecognized tax benefits. ASU 2013-11 requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward, unless a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position, or the entity does not intend to use the deferred tax asset for such purpose. ASU 2013-11 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. The Company does not believe that the adoption of the provisions of ASU 2013-11 will have a material impact on its consolidated financial position, results of operations or cash flows. | |
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). ASU 2013-02 requires the disclosure of additional information about reclassification adjustments, including (1) changes in accumulated other comprehensive income balances by component and (2) significant items reclassified out of accumulated other comprehensive income. Required disclosures include disaggregation of the total change of each component of other comprehensive income and the separate presentation of reclassification adjustments and current-period other comprehensive income. In addition, ASU 2013-02 requires the presentation of information about significant items reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or as a separate disclosure in the notes to the financial statements. The new disclosure requirements are effective, prospectively, for fiscal years and interim periods within those years, beginning after December 15, 2012. ASU 2013-02 concerns presentation and disclosure only. Adoption of the provisions of ASU 2013-02 at the beginning of 2013 did not have an impact on the Company’s consolidated financial position, results of operations or cash flows. | |
In July 2012, the FASB issued ASU No. 2012-02, Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”). ASU 2012-02 permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If an entity determines that it is not more likely than not that the asset is impaired, the entity will have the option not to calculate annually the fair value of an indefinite-lived intangible asset. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. Adoption of the provisions of ASU 2012-02 at the beginning of 2013 did not have an impact on the Company’s consolidated financial position, results of operations or cash flows. |
Related_Parties_Related_Partie
Related Parties Related Parties | 12 Months Ended |
Dec. 28, 2013 | |
Related Parties [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
RELATED PARTIES | |
AlixPartners | |
During the year ended December 29, 2012, the Company paid AlixPartners, LLP (“AlixPartners”), a former portfolio company of investment funds affiliated with H&F, $0.5 million in connection with operational improvement projects, including projects related to purchasing, manufacturing, inventory and logistics, which is included in selling, general and administrative expenses. There were no such payments made to AlixPartners during the year ended December 28, 2013. | |
Relocation Arrangements with Certain Executive Officers | |
On June 17, 2013, a third-party relocation company, acting as the Company’s agent, entered into separate agreements with Jerry W. Burris, the Company’s former Chief Executive Officer and President, (the “Burris Relocation Agreement”), and Paul Morrisroe, the Company’s Chief Financial Officer, (the “Morrisroe Relocation Agreement”, and together with the Burris Relocation Agreement, the “Relocation Agreements”), pursuant to which such relocation company purchased Mr. Burris’ former primary residence for $1.2 million and Mr. Morrisroe’s former primary residence for $0.5 million. The Relocation Agreements were entered into in furtherance of the relocation arrangements in Mr. Burris’ and Mr. Morrisroe’s respective employment agreements, which were entered into to permit Mr. Burris and Mr. Morrisroe to reside, on a full-time basis, near the Company’s corporate headquarters. The purchase prices of $1.2 million and $0.5 million, respectively, for Mr. Burris’ and Mr. Morrisroe’s former residences were determined based on independent third-party appraisals of the market value of the residences. Pursuant to their respective employment agreements and the Relocation Agreements, the Company paid Mr. Burris and Mr. Morrisroe, make-whole payments of $0.8 million and $0.1 million, respectively, to compensate each executive for the loss recognized on the sale of their respective residences. The Company sold Mr. Morrisroe’s former residence in August 2013 and Mr. Burris’ former residence in November 2013. |
Allowance_for_Doubtful_Account
Allowance for Doubtful Accounts | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Allowance for Doubtful Accounts [Abstract] | ' | |||||||||||
Allowance for Doubtful Accounts [Text Block] | ' | |||||||||||
ALLOWANCE FOR DOUBTFUL ACCOUNTS | ||||||||||||
Changes in the allowance for doubtful accounts on accounts receivable are as follows (in thousands): | ||||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of period | $ | 9,171 | $ | 7,823 | $ | 9,203 | ||||||
Provision for losses | 1,122 | 2,420 | 3,114 | |||||||||
Losses sustained (net of recoveries) | (1,601 | ) | (1,072 | ) | (4,494 | ) | ||||||
Balance at end of period | $ | 8,692 | $ | 9,171 | $ | 7,823 | ||||||
Allowance for doubtful accounts on accounts receivable consists of (in thousands): | ||||||||||||
December 28, | December 29, | |||||||||||
2013 | 2012 | |||||||||||
Allowance for doubtful accounts, current | $ | 3,198 | $ | 3,737 | ||||||||
Allowance for doubtful accounts, non-current | 5,494 | 5,434 | ||||||||||
$ | 8,692 | $ | 9,171 | |||||||||
Inventories
Inventories | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Inventory Disclosure [Text Block] | ' | |||||||
INVENTORIES | ||||||||
Inventories consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Raw materials | $ | 32,129 | $ | 26,749 | ||||
Work-in-progress | 9,356 | 11,589 | ||||||
Finished goods | 91,984 | 79,627 | ||||||
$ | 133,469 | $ | 117,965 | |||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | |||||||
PROPERTY, PLANT AND EQUIPMENT | ||||||||
Property, plant and equipment consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Land | $ | 14,487 | $ | 15,315 | ||||
Buildings | 40,090 | 40,871 | ||||||
Machinery and equipment | 107,983 | 105,708 | ||||||
Construction in process | 7,725 | 642 | ||||||
170,285 | 162,536 | |||||||
Less accumulated depreciation | 69,340 | 54,084 | ||||||
$ | 100,945 | $ | 108,452 | |||||
Depreciation expense was $17.0 million, $23.2 million and $23.6 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | ||||||||
Construction in process as of December 28, 2013 consists primarily of the Company’s investment in the new window platform, which was launched in January 2014. During 2013, the Company acquired assets totaling $0.6 million that remain unpaid as of December 28, 2013. Consequently, this amount is reflected as a non-cash investing activity on the Consolidated Statements of Cash Flows. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||||||||
GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||||||||||||||||||
In accordance with FASB ASC 350, the Company is required to evaluate the carrying value of its goodwill for potential impairment on an annual basis or an interim basis if there are indicators of potential impairment. During each of 2013 and 2012, the Company completed the annual impairment test of goodwill as of the beginning of the fourth quarter and based on the results of the testing, no impairment charges were recorded. | ||||||||||||||||||||||||
During the third quarter of 2011, due to weaker economic conditions and lower results of operations, management changed the Company’s outlook and lowered its forecast used in its discounted cash flow analysis. In addition, Parent granted stock options in September 2011 to its then newly appointed President and Chief Executive Officer at an exercise price of $5 per share, which was based on a determination of fair market value by Parent’s board of directors, and also resulted in modification of certain other outstanding options to an exercise price of $5 per share. As a result of the lowered management projections for operating results and the decline in per share equity value, the Company believed that indicators of impairment were present and an interim impairment test was performed as of September 3, 2011. | ||||||||||||||||||||||||
The Company completed the first step of its goodwill impairment testing with the assistance of an independent valuation firm and determined that the fair value of its single reporting unit was lower than its carrying value. However, the Company was not able to finalize its review of the interim impairment analysis prior to filing its Form 10-Q on November 15, 2011. Accounting guidance provides that in circumstances in which step two of the impairment analysis has not been completed, a company should recognize an estimated impairment charge to the extent that a company determines that it is probable that an impairment loss has occurred and such impairment loss can be reasonably estimated using the guidance of FASB ASC Topic 450, Contingencies. Given that the second step of the valuation analysis had not been completed and the complexities involved in such analysis, management could not reasonably estimate the amount of an impairment charge prior to filing the third quarter Form 10-Q, but had concluded that an impairment loss was probable. Prior to the completion of the 2011 annual financial statements, the Company finalized the valuation work necessary to complete the second step of the impairment analysis. Based on that analysis, the Company calculated an implied fair value of goodwill, which was lower than the carrying value of goodwill, and consequently the Company recorded a goodwill impairment charge of $84.3 million during the fourth quarter of 2011. The goodwill impairment charge was a non-cash item with no associated tax benefit, and did not affect the calculation of the borrowing base or financial covenants in the Company’s credit agreement. | ||||||||||||||||||||||||
In addition to the interim impairment testing of goodwill, the Company conducted its annual impairment test as of beginning of the fourth quarter of 2011. The Company further lowered its financial projections and with the assistance of an independent valuation firm determined that the fair value of its reporting unit was lower than its carrying value as of the annual testing date. As a result, the Company was required to conduct a second step impairment analysis, in which it updated the fair value estimates of its identified tangible and intangible assets and liabilities. The second step impairment analysis indicated that the fair value of implied goodwill exceeded the carrying value, and as a result, no further goodwill impairment charges were recorded. | ||||||||||||||||||||||||
Changes in the net carrying amount of goodwill are as follows (in thousands): | ||||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 478,912 | ||||||||||||||||||||||
Foreign currency translation | 3,701 | |||||||||||||||||||||||
Balance at December 29, 2012 | 482,613 | |||||||||||||||||||||||
Foreign currency translation | (10,822 | ) | ||||||||||||||||||||||
Balance at December 28, 2013 | $ | 471,791 | ||||||||||||||||||||||
At December 28, 2013, December 29, 2012, and December 31, 2011, accumulated goodwill impairment losses were $84.3 million, exclusive of foreign currency translation. | ||||||||||||||||||||||||
The Company’s other intangible assets consist of the following (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Cost | Accumulated | Net | Cost | Accumulated | Net | |||||||||||||||||||
Amortization | Carrying | Amortization | Carrying | |||||||||||||||||||||
Value | Value | |||||||||||||||||||||||
Amortized customer bases | $ | 327,280 | $ | 82,874 | $ | 244,406 | $ | 331,582 | $ | 57,897 | $ | 273,685 | ||||||||||||
Amortized non-compete agreements | 20 | 11 | 9 | 10 | 5 | 5 | ||||||||||||||||||
Total amortized intangible assets | 327,300 | 82,885 | 244,415 | 331,592 | 57,902 | 273,690 | ||||||||||||||||||
Non-amortized trade names (1) | 318,809 | — | 318,809 | 325,954 | — | 325,954 | ||||||||||||||||||
Total intangible assets | $ | 646,109 | $ | 82,885 | $ | 563,224 | $ | 657,546 | $ | 57,902 | $ | 599,644 | ||||||||||||
-1 | Balances at December 28, 2013 and December 29, 2012 include impairment charges of $79.9 million recorded in 2011. | |||||||||||||||||||||||
The Company’s non-amortized intangible assets consist of the Alside®, Revere®, Gentek®, Preservation® and Alpine® trade names and are tested for impairment on an annual basis or an interim basis if there are indicators of potential impairment. During each of 2013 and 2012, the Company completed the annual impairment test of intangible assets with indefinite lives as of the beginning of the fourth quarter and based on the results of the testing, no impairment charges were recorded. | ||||||||||||||||||||||||
During the third quarter of 2011, due to the weaker economic conditions and lower projections for results of operations, the Company believed potential indicators of impairment existed for the non-amortized trade names and completed an interim test of the fair value with the assistance of an independent valuation firm. Using the income approach, the Company determined that the fair value of certain non-amortized trade names was lower than the carrying value, and consequently, the Company recorded an impairment charge of $72.2 million during the third quarter of 2011. | ||||||||||||||||||||||||
In addition to the interim impairment testing of other intangible assets, the Company conducted its annual impairment test at the beginning of the fourth quarter of 2011. The Company had revised its forecasts downward after the date of the interim impairment testing based on its annual budgeting process. Using the income approach, the Company concluded that the fair value of certain non-amortized trade names was lower than the carrying value that had been determined during the interim impairment test. Accordingly, the Company recorded an additional impairment charge of $7.7 million during the fourth quarter of 2011 associated with its non-amortized trade names. | ||||||||||||||||||||||||
Finite lived intangible assets, which consist of customer bases and non-compete agreements, are amortized on a straight-line basis over their estimated useful lives. The estimated average amortization period for customer bases and non-compete agreements is 13 years and 3 years, respectively. Amortization expense related to other intangible assets was $26.0 million for the year ended December 28, 2013 and $26.2 million for the years ended December 29, 2012 and December 31, 2011, respectively. Amortization expense is estimated to be approximately $26.0 million per year for fiscal years 2014, 2015, 2016, 2017 and 2018. |
Accrued_and_Other_Liabilities
Accrued and Other Liabilities | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Accrued Liabilities and Other Liabilities [Abstract] | ' | |||||||
Other Liabilities Disclosure [Text Block] | ' | |||||||
ACCRUED AND OTHER LIABILITIES | ||||||||
Accrued liabilities consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Employee compensation | $ | 14,621 | $ | 15,586 | ||||
Sales promotions and incentives | 20,954 | 16,852 | ||||||
Warranty reserves | 9,371 | 9,368 | ||||||
Employee benefits | 7,273 | 7,918 | ||||||
Interest | 12,905 | 11,682 | ||||||
Taxes other than income taxes | 2,994 | 3,255 | ||||||
Other | 10,064 | 10,636 | ||||||
$ | 78,182 | $ | 75,297 | |||||
Other liabilities consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Pensions and other postretirement plans | $ | 25,998 | $ | 55,532 | ||||
Warranty reserves | 83,836 | 88,103 | ||||||
Other | 7,825 | 9,838 | ||||||
$ | 117,659 | $ | 153,473 | |||||
Manufacturing_Restructuring_Co
Manufacturing Restructuring Costs | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Restructuring and Related Activities Disclosure [Text Block] | ' | |||||||||||
MANUFACTURING RESTRUCTURING COSTS | ||||||||||||
The Company discontinued its use of the warehouse facility adjacent to the Ennis manufacturing plant during the second quarter of 2009. As a result, the related lease costs associated with the discontinued use of the warehouse facility were recorded as a restructuring charge of $5.3 million during 2009. During the second quarter of 2011, the Company re-measured its restructuring liability due to changes in the expected timing and amount of cash flows over the remaining lease term. As a result, the Company recorded an adjustment to increase the restructuring liability and recognized a charge of $0.2 million within selling, general and administrative expenses reported in the Consolidated Statements of Comprehensive Loss for the year ended December 31, 2011. | ||||||||||||
Changes in the manufacturing restructuring liability are as follows (in thousands): | ||||||||||||
December 28, 2013 | December 29, 2012 | December 31, 2011 | ||||||||||
Balance at beginning of period | $ | 3,387 | $ | 4,086 | $ | 4,583 | ||||||
Additions | — | — | 228 | |||||||||
Accretion of related lease obligations | 516 | 545 | 498 | |||||||||
Payments | (1,131 | ) | (1,244 | ) | (1,223 | ) | ||||||
Balance at end of period | $ | 2,772 | $ | 3,387 | $ | 4,086 | ||||||
The remaining restructuring liability was included in accrued liabilities and other liabilities in the Consolidated Balance Sheets and will continue to be paid over the lease term, which ends April 2020. |
Product_Warranty_Costs
Product Warranty Costs | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Product Warranties Disclosures [Abstract] | ' | |||||||||||
Product Warranty Disclosure [Text Block] | ' | |||||||||||
PRODUCT WARRANTY COSTS | ||||||||||||
Consistent with industry practice, the Company provides homeowners with limited warranties on certain products, primarily related to window and siding product categories. Changes in the warranty reserve are as follows (in thousands): | ||||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of period | $ | 97,471 | $ | 101,163 | $ | 94,712 | ||||||
Provision for warranties issued and changes in estimates for pre-existing warranties | 4,040 | 4,098 | 14,661 | |||||||||
Claims paid | (7,383 | ) | (8,133 | ) | (7,823 | ) | ||||||
Foreign currency translation | (921 | ) | 343 | (387 | ) | |||||||
Balance at end of period | $ | 93,207 | $ | 97,471 | $ | 101,163 | ||||||
As a result of the Merger and the application of purchase accounting, the Company adjusted its warranty reserves to represent an estimate of the fair value of the liability as of the closing date of the Merger. The estimated fair value of the liability was based on an actuarial calculation performed by an independent actuarial firm that projected future remedy costs using historical data trends of claims incurred, claims payments and sales history of products to which such costs relate. The fair value of the expected future remedy costs related to products sold prior to the Merger was based on the actuarially determined estimates of expected future remedy costs and other factors and assumptions the Company believes market participants would use in valuing the warranty reserves. These other factors and assumptions included inputs for claims administration costs, confidence adjustments for uncertainty in the estimates of expected future remedy costs and a discount factor to arrive at the estimated fair value of the liability at the date of the Merger. The excess of the estimated fair value over the expected future remedy costs of $9.5 million, which was included in the Company’s warranty reserve at the date of the Merger, is being amortized as a reduction of warranty expense over the expected term such warranty claims will be satisfied. The remaining unamortized amount at December 28, 2013 was $7.1 million. The provision for warranties was reported within cost of sales in the Consolidated Statements of Comprehensive Loss. | ||||||||||||
Schedule of Product Warranty Liability [Table Text Block] | ' | |||||||||||
Changes in the warranty reserve are as follows (in thousands): | ||||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of period | $ | 97,471 | $ | 101,163 | $ | 94,712 | ||||||
Provision for warranties issued and changes in estimates for pre-existing warranties | 4,040 | 4,098 | 14,661 | |||||||||
Claims paid | (7,383 | ) | (8,133 | ) | (7,823 | ) | ||||||
Foreign currency translation | (921 | ) | 343 | (387 | ) | |||||||
Balance at end of period | $ | 93,207 | $ | 97,471 | $ | 101,163 | ||||||
Executive_Officers_Separation_
Executive Officers' Separation and Hiring Costs | 12 Months Ended |
Dec. 28, 2013 | |
Compensation Related Costs [Abstract] | ' |
Executive Officers' Separation and Hiring Costs | ' |
EXECUTIVE OFFICERS’ SEPARATION AND HIRING COSTS | |
Effective January 17, 2014, Jerry W. Burris resigned from his position as President and Chief Executive Officer and as a director of the Company, and Dana R. Snyder, a director of the Company, was appointed Interim Chief Executive Officer effective January 20, 2014. Effective January 30, 2014, David S. Nagle resigned from his position as Chief Operations Officer, AMI Distribution and Services. | |
On February 20, 2012, Mr. Nagle was appointed President, AMI Distribution. On February 24, 2012, Stephen E. Graham resigned from his position as Senior Vice President – Chief Financial Officer and Secretary of the Company. On February 27, 2012, the Company entered into an employment agreement with Paul Morrisroe, pursuant to which he agreed to serve as the Company’s Senior Vice President, Chief Financial Officer and Secretary. The Company’s Senior Vice President of Human Resources, John F. Haumesser, resigned from his position effective April 19, 2012 and was succeeded by James T. Kenyon, who was named Senior Vice President and Chief Human Resources Officer on June 4, 2012. | |
On June 2, 2011, Thomas N. Chieffe resigned from his position as President and Chief Executive Officer and as a director of the Company, and Mr. Snyder was appointed Interim Chief Executive Officer. On June 29, 2011, Warren J. Arthur resigned from his position as Senior Vice President of Operations of the Company. On August 1, 2011, Robert C. Gaydos was appointed Senior Vice President, Operations. On September 12, 2011, Mr. Burris was appointed President and Chief Executive Officer, and Mr. Snyder resigned from his position as Interim Chief Executive Officer. Robert M. Franco, President of AMI Distribution, left the Company on March 31, 2011. | |
The Company recorded $1.4 million, $3.4 million and $6.7 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively, for separation and hiring costs, including payroll taxes, certain benefits and related professional fees. These separation and hiring costs were recorded as a component of selling, general and administrative expenses. As of December 28, 2013, remaining separation costs of $0.4 million were accrued, which will be paid at various dates throughout 2014. | |
The separation and hiring costs in 2013 were primarily related to make-whole payments to Mr. Burris, our former President and Chief Executive Officer and Mr. Morrisroe, our Senior Vice President and Chief Financial Officer. Pursuant to their respective employment agreements, these payments provide compensation to offset losses recognized on the sale of their respective residences in connection with relocating near our corporate headquarters. See Note 2 for further information. |
LongTerm_Debt
Long-Term Debt | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Long-Term Debt | ' | |||||||
LONG-TERM DEBT | ||||||||
Long-term debt consists of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
9.125% notes | $ | 835,230 | $ | 730,000 | ||||
Borrowings under the ABL facilities | — | 78,205 | ||||||
Total long-term debt | $ | 835,230 | $ | 808,205 | ||||
9.125% Senior Secured Notes due 2017 | ||||||||
On October 13, 2010, in connection with the consummation of the Merger, the Company and AMH New Finance, Inc. (collectively, the “Issuers”) issued and sold $730.0 million of 9.125% Senior Secured Notes due November 1, 2017 (“9.125% notes” or “notes”) pursuant to the indenture, dated as of October 13, 2010. The notes bear interest at a rate of 9.125% per annum, payable May 1 and November 1 of each year. | ||||||||
On May 1, 2013, the Issuers issued and sold an additional $100.0 million in aggregate principal amount of 9.125% notes (the “new notes”) at an issue price of 106.00% of the principal amount of the new notes in a private placement. The Company used the net proceeds of the offering to repay the outstanding borrowings under its senior secured asset-based revolving credit facilities (“ABL facilities”) and for other general corporate purposes. The new notes were issued as additional notes under the same indenture, dated as of October 13, 2010, governing the $730.0 million aggregate principal amount of 9.125% notes (the “existing notes”) issued in October 2010 in a private placement and subsequently registered under the Securities Act of 1933, as amended (the “Securities Act”), as supplemented by a supplemental indenture (the “Indenture”). The new notes are consolidated with and form a single class with the existing notes and have the same terms as to status, redemption, collateral and otherwise (other than issue date, issue price and first interest payment date) as the existing notes. The debt premium related to the issuance of the new notes is being amortized into interest expense over the life of the new notes. The unamortized premium of $5.2 million is included in the long-term debt balance for the 9.125% notes. The effective interest rate of the new notes, including the premium, is 7.5% as of December 28, 2013. | ||||||||
Pursuant to the terms of a registration rights agreement, the Issuers and the guarantors agreed to use their commercially reasonable efforts to register notes having substantially identical terms as the new notes with the Securities and Exchange Commission (“SEC”) as part of an offer to exchange freely tradable exchange notes for the new notes. On September 30, 2013, the Issuers offered to exchange up to $100.0 million aggregate principal amount of 9.125% Senior Secured Notes due 2017 and the related guarantees (the “exchange notes”), which have been registered under the Securities Act for any and all of the new notes. All of the new notes were exchanged for exchange notes on October 31, 2013. | ||||||||
The 9.125% notes have an estimated fair value, classified as a Level 1 measurement, of $891.2 million (at par value of $830.0 million) and $742.8 million (at par value of $730.0 million) based on quoted market prices as of December 28, 2013 and December 29, 2012, respectively. | ||||||||
The Company may from time to time, in its sole discretion, purchase, redeem or retire the 9.125% notes in privately negotiated or open market transactions, by tender offer or otherwise. On July 15, 2013, Parent announced that it had filed a registration statement on Form S-1 with the SEC for a proposed initial public offering of its common stock, and that it intends to use proceeds from the offering to redeem a portion of the outstanding 9.125% notes. There can be no assurance as to when or whether such initial public offering will be completed. | ||||||||
Guarantees. The notes are unconditionally guaranteed, jointly and severally, by each of the Issuers’ 100% owned direct and indirect domestic subsidiaries (“guarantors”) that guarantee the Company’s obligations under the ABL facilities. | ||||||||
Collateral. The notes and the guarantees are secured by a first-priority lien on substantially all of the Issuers’ and the guarantors’ present and future assets located in the United States (other than the ABL collateral, in which the notes and the guarantees have a second-priority lien, and certain other excluded assets), including equipment, owned real property valued at $5.0 million or more and all present and future shares of capital stock of each of the Issuers’ and each guarantor’s material directly 100% owned domestic subsidiaries and 65% of the present and future shares of capital stock, of each of the Issuers’ and each guarantor’s directly owned foreign restricted subsidiaries (other than Canadian subsidiaries), in each case subject to the Rule 3-16 exclusion described below, certain exceptions and customary permitted liens. In addition, the notes and the guarantees are secured by a second-priority lien on substantially all of the Issuers’ and the guarantors’ present and future assets, which assets also secure the Issuers’ obligations under the ABL facilities, including accounts receivable, inventory, related general intangibles, certain other related assets and the proceeds thereof. | ||||||||
The capital stock and other securities of any subsidiary will be excluded from the collateral securing the notes and the guarantees to the extent that the pledge of such capital stock and other securities would result in the Company being required to file separate financial statements of such subsidiary with the SEC pursuant to Rule 3-16 or Rule 3-10 of Regulation S-X under the Securities Act of 1933, as amended. Rule 3-16 of Regulation S-X requires the presentation of a company’s standalone, audited financial statements if that company’s capital stock or other securities are pledged to secure the securities of another issuer, and the greatest of the principal amount, par value, book value and market value of the pledged stock or securities equals or exceeds 20% of the principal amount of the securities secured by such pledge. Accordingly, the collateral securing the notes and the guarantees may in the future exclude the capital stock and securities of the Company’s subsidiaries, in each case to the extent necessary to not be subject to such requirement. | ||||||||
Optional Redemption. The Issuers have the option to redeem the notes, in whole or in part, at any time on or after November 1, 2013 at redemption prices (expressed as percentages of principal amount of the notes to be redeemed) of 106.844%, 104.563%, 102.281% and 100.000% during the 12-month periods commencing on November 1, 2013, 2014, 2015 and 2016, respectively, plus accrued and unpaid interest thereon, if any, to, but excluding, the applicable redemption date. | ||||||||
Change of Control. Upon the occurrence of a change of control, as defined in the Indenture, the Issuers must give holders of notes the opportunity to sell the Issuers their notes at 101% of their face amount, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. | ||||||||
Covenants. The Indenture contains covenants limiting the Issuers’ ability and the ability of their restricted subsidiaries to, among other things: pay dividends or distributions, repurchase equity, prepay junior debt and make certain investments; incur additional debt or issue certain disqualified stock and preferred stock; incur liens on assets; merge or consolidate with another company or sell all or substantially all assets; enter into transactions with affiliates; and enter into agreements that would restrict the ability of our subsidiaries to pay dividends or make other payments to us. These covenants are subject to important exceptions and qualifications as described in the Indenture. Most of these covenants will cease to apply for so long as the notes have investment grade ratings from both Moody’s Investors Service, Inc. and Standard & Poor’s. | ||||||||
ABL Facilities | ||||||||
On October 13, 2010, in connection with the consummation of the Merger, the Company entered into the ABL facilities in the amount of $225.0 million (comprised of a $150.0 million U.S. facility and a $75.0 million Canadian facility) pursuant to a revolving credit agreement maturing in 2015 (as amended, the “Revolving Credit Agreement”). | ||||||||
On April 26, 2012, the Company, Holdings, certain direct or indirect wholly-owned U.S. and Canadian restricted subsidiaries of the Company designated as a borrower or guarantor under the Revolving Credit Agreement, certain of the lenders party to the Revolving Credit Agreement, UBS AG, Stamford Branch and UBS AG Canada Branch, as administrative and collateral agents, and Wells Fargo Capital Finance, LLC, as co-collateral agent, entered into Amendment No. 1 (“Amendment”) to the Revolving Credit Agreement, which, among other things, reallocates (i) $8.5 million of the $150.0 million U.S. revolving credit commitments in existence prior to the Amendment (“Pre-Amended U.S. Facility”) as U.S. tranche B revolving credit commitments and the remaining $141.5 million of the Pre-Amended U.S. Facility as U.S. tranche A revolving credit commitments and (ii) $3.5 million of the $75.0 million Canadian revolving credit commitments in existence prior to the Amendment (“Pre-Amended Canadian Facility”) as Canadian tranche B revolving credit commitments and the remaining $71.5 million of the Pre-Amended Canadian Facility as Canadian tranche A revolving credit commitments. The U.S. and Canadian tranche B revolving facilities are “first-in, last-out,” which requires the entire principal amount available for borrowing under the U.S. and Canadian tranche B revolving credit facilities to be drawn in full before any loans may be drawn under the U.S. and Canadian tranche A revolving credit facilities, and are subject to separate borrowing base restrictions, which provide higher advance rates, for such facilities. The outstanding swingline loans and outstanding letters of credit under the pre-amended Revolving Credit Agreement have been continued under the U.S. and Canadian tranche A revolving facilities, as applicable, under the Revolving Credit Agreement. The U.S. and Canadian tranche B revolving facilities are available for borrowing from January 1 to September 30 of each year and must be repaid in full by October 1 of each year. | ||||||||
On April 18, 2013, the Revolving Credit Agreement was amended and restated (the “Amended and Restated Revolving Credit Agreement”) to, among other things, extend the maturity date of the Revolving Credit Agreement from October 13, 2015 to the earlier of (i) April 18, 2018 and (ii) 90 days prior to the maturity date of the existing notes. Subsequently, the Company terminated the tranche B revolving credit commitments of $12.0 million and wrote off $0.5 million of deferred financing fees related to the ABL facilities. | ||||||||
Interest Rate and Fees. At the Company’s option, the U.S. and Canadian tranche A revolving credit loans under the Amended and Restated Revolving Credit Agreement governing the ABL facilities bear interest at the rate equal to (1) the London Interbank Offered Rate (“LIBOR”) (for eurodollar loans under the U.S. facility) or the Canadian Dealer Offered Rate (“CDOR”) (for loans under the Canadian facility), plus an applicable margin of 1.75% as of December 28, 2013, or (2) the alternate base rate (for alternate base rate loans under the U.S. facility, which is the highest of a prime rate, the Federal Funds Effective Rate plus 0.50% and a one-month LIBOR rate plus 1.0% per annum) or the alternate Canadian base rate (for loans under the Canadian facility, which is the higher of a Canadian prime rate and the 30-day CDOR Rate plus 1.0%), plus an applicable margin of 0.75% as of December 28, 2013, in each case, which interest rate margin may vary in 25 basis point increments between three pricing levels determined by reference to the average excess availability in respect of the U.S. and Canadian tranche A revolving credit loans. In addition to paying interest on outstanding principal under the ABL facilities, the Company is required to pay a commitment fee in respect of the U.S. and Canadian tranche A revolving credit loans, payable quarterly in arrears, of 0.375%. | ||||||||
Borrowing Base. Availability under the U.S. and Canadian facilities are subject to a borrowing base, which is based on eligible accounts receivable and inventory of certain of the Company’s U.S. subsidiaries and eligible accounts receivable, inventory and, with respect to the Canadian tranche A revolving credit loans, equipment and real property, of certain of the Company’s Canadian subsidiaries, after adjusting for customary reserves established or modified from time to time by and at the permitted discretion of the administrative agent thereunder. To the extent that eligible accounts receivable, inventory, equipment and real property decline, the Company’s borrowing base will decrease and the availability under the ABL facilities may decrease below $213.0 million. In addition, if the amount of outstanding borrowings and letters of credit under the U.S. and Canadian facilities exceeds the borrowing base or the aggregate revolving credit commitments, the Company is required to prepay borrowings to eliminate the excess. | ||||||||
Guarantors. All obligations under the U.S. facility are guaranteed by each existing and subsequently acquired direct and indirect wholly-owned material U.S. restricted subsidiary of the Company and by the direct parent of the Company, other than certain excluded subsidiaries (“U.S. guarantors”). All obligations under the Canadian facility are guaranteed by each existing and subsequently acquired direct and indirect wholly-owned material Canadian restricted subsidiary of the Company, other than certain excluded subsidiaries (“Canadian guarantors,” and together with U.S. guarantors, “ABL guarantors”) and the U.S. guarantors. | ||||||||
Security. The U.S. security agreement provides that all obligations of the U.S. borrowers and the U.S. guarantors are secured by a security interest in substantially all of the present and future property and assets of the Company, including a first-priority security interest in the capital stock of the Company and a second-priority security interest in the capital stock of each direct, material wholly-owned restricted subsidiary of the Company. The Canadian security agreement provides that all obligations of the Canadian borrowers and the Canadian guarantors are secured by the U.S. ABL collateral and a security interest in substantially all of the Company’s Canadian assets, including a first-priority security interest in the capital stock of the Canadian borrowers and each direct, material wholly-owned restricted subsidiary of the Canadian borrowers and Canadian guarantors. | ||||||||
Covenants, Representations and Warranties. The Amended and Restated Revolving Credit Agreement contains customary representations and warranties and customary affirmative and negative covenants, including, with respect to negative covenants, among other things, restrictions on indebtedness, liens, investments, fundamental changes, asset sales, dividends and other distributions, prepayments or redemption of junior debt, transactions with affiliates and negative pledge clauses. There are no financial covenants included in the Amended and Restated Revolving Credit Agreement, other than a springing fixed charge coverage ratio of at least 1.00 to 1.00, which will be tested only when excess availability is less than the greater of (i) 10.0% of the sum of (x) the lesser of (A) the U.S. tranche A borrowing base and (B) the U.S tranche A revolving credit commitments and (y) the lesser of (A) the Canadian tranche A borrowing base and (B) the Canadian tranche A revolving credit commitments and (ii) $20.0 million for a period of five consecutive business days until the 30th consecutive day when excess availability exceeds the above threshold. The fixed charge coverage ratio was 1.26:1.00 for the four consecutive fiscal quarter test period ended December 28, 2013. The Company has not triggered such fixed charge coverage ratio covenant for 2013 and does not expect to be required to test such covenant for the fiscal year 2014. | ||||||||
As of December 28, 2013, the Company had $157.9 million available for borrowing under the Amended and Restated Revolving Credit Agreement, with no borrowings outstanding. The per annum interest rate applicable to borrowings under the U.S. portion and the Canadian portion of the revolving credit commitment was 4.0% and 3.9%, respectively as of December 28, 2013. The Company had letters of credit outstanding of $11.0 million as of December 28, 2013 primarily securing insurance policy deductibles, certain lease facilities and the Company’s purchasing card program. |
Income_Taxes
Income Taxes | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Income Tax Disclosure [Text Block] | ' | |||||||||||
INCOME TAXES | ||||||||||||
Loss before income taxes is as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. | $ | (37,150 | ) | $ | (42,755 | ) | $ | (202,200 | ) | |||
Canada | 6,164 | 9,993 | (21,023 | ) | ||||||||
$ | (30,986 | ) | $ | (32,762 | ) | $ | (223,223 | ) | ||||
Income tax expense (benefit) for the periods presented consists of (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | (802 | ) | $ | (107 | ) | $ | 1,462 | ||||
State | 657 | 328 | 844 | |||||||||
Foreign | 4,155 | 7,445 | 9,876 | |||||||||
4,010 | 7,666 | 12,182 | ||||||||||
Deferred: | ||||||||||||
Federal | 397 | (240 | ) | (18,434 | ) | |||||||
State | (467 | ) | (478 | ) | (4,658 | ) | ||||||
Foreign | (1,433 | ) | (1,343 | ) | (9,524 | ) | ||||||
(1,503 | ) | (2,061 | ) | (32,616 | ) | |||||||
Income tax expense (benefit) | $ | 2,507 | $ | 5,605 | $ | (20,434 | ) | |||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income taxes are as follows (in thousands): | ||||||||||||
December 28, | December 29, | |||||||||||
2013 | 2012 | |||||||||||
Deferred income tax assets: | ||||||||||||
Medical benefits | $ | 1,642 | $ | 2,085 | ||||||||
Allowance for doubtful accounts | 3,420 | 3,556 | ||||||||||
Pension and other postretirement plans | 7,413 | 16,561 | ||||||||||
Inventory costs | 1,885 | 1,111 | ||||||||||
Warranty costs | 34,611 | 36,167 | ||||||||||
Net operating loss carryforwards | 133,783 | 128,789 | ||||||||||
Foreign tax credit carryforwards | 4,455 | 4,455 | ||||||||||
Accrued expenses and other | 11,518 | 16,060 | ||||||||||
Total deferred income tax assets | 198,727 | 208,784 | ||||||||||
Valuation allowance | (74,075 | ) | (69,904 | ) | ||||||||
Net deferred income tax assets | 124,652 | 138,880 | ||||||||||
Deferred income tax liabilities: | ||||||||||||
Depreciation | 19,151 | 22,325 | ||||||||||
Intangible assets | 200,481 | 213,071 | ||||||||||
Tax liability on unremitted foreign earnings | 1,868 | — | ||||||||||
Gain on debt extinguishment | 22,241 | 22,321 | ||||||||||
Other | 4,871 | 6,675 | ||||||||||
Total deferred income tax liabilities | 248,612 | 264,392 | ||||||||||
Net deferred income tax liabilities | $ | (123,960 | ) | $ | (125,512 | ) | ||||||
As of December 28, 2013, the Company had U.S. federal net operating loss (“NOL”) carryforwards of $341.2 million and foreign tax credit carryforwards of $4.5 million. The U.S. NOL carryforwards expire in years 2030 through 2033 and the foreign tax credit carryforward expires in year 2017. In addition, the Company has tax benefits related to state NOLs of $17.0 million, which expire in the years 2014 through 2032. | ||||||||||||
As of December 28, 2013, the Company had total federal, state, and foreign deferred tax assets before valuation allowances of $170.7 million, $22.3 million, and $5.7 million, respectively. ASC 740 requires that a valuation allowance be recorded against deferred tax assets when it is more likely than not that some or all of a company’s deferred tax assets will not be realized based on available positive and negative evidence. To the extent the reversal of deferred tax liabilities is relied upon in the Company’s assessment of the realizability of deferred tax assets, the Company has determined that they will reverse in the same period and jurisdiction as the temporary differences giving rise to the deferred tax assets. Deferred tax liabilities related to non-amortizable intangibles or otherwise not reversing, were not offset against deferred tax assets. The Company has not identified any significant U.S. tax planning strategies to support the utilization of deferred tax assets. After reviewing all available positive and negative evidence as of December 28, 2013 and December 29, 2012, the Company recorded a full valuation allowance against its U.S. net federal deferred tax assets since the Company is in a three-year cumulative loss position in the U.S. and it was unable to identify any strong positive evidence, other than the reversal of the appropriate deferred tax liabilities. Therefore, as of December 28, 2013, $124.7 million of the total deferred tax assets of $198.7 million was considered more likely than not to be realized, resulting in a valuation allowance of $74.1 million. Of this amount, $63.2 million relates to U.S. federal and $10.9 million relates to state jurisdictions. The net valuation allowance provided against these U.S. net deferred tax assets during 2013 increased by $4.2 million. Of this amount, $8.9 million was recorded as an increase in the current year provision for income taxes with the remainder being reflected through other comprehensive income. The Company reviews its valuation allowance related to deferred tax assets and will reverse this valuation allowance, partially or totally, when, and if, appropriate under ASC 740. The Company is in a net deferred tax liability position in Canada. The future reversal of existing Canadian deferred tax liabilities are of the appropriate character and timing such that all of its Canadian deferred tax assets are considered more likely than not realizable. | ||||||||||||
The reconciliation of the statutory rate to the Company’s effective income tax rate for the periods presented is as follows: | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Statutory rate | (35.0 | )% | (35.0 | )% | (35.0 | )% | ||||||
State income tax, net of federal income tax benefit | (2.8 | )% | (0.3 | )% | (2.3 | )% | ||||||
Tax liability on remitted and unremitted foreign earnings | 16.9 | % | 12.4 | % | 0.2 | % | ||||||
Goodwill impairment | — | % | — | % | 12.4 | % | ||||||
Foreign rate differential | (1.8 | )% | (2.8 | )% | 0.7 | % | ||||||
Valuation allowance | 28.6 | % | 32.7 | % | 10.7 | % | ||||||
Foreign tax credit and withholding taxes | 0.8 | % | 7.3 | % | 1.8 | % | ||||||
Prior year assessments | 2.8 | % | — | % | — | % | ||||||
Other | (1.4 | )% | 2.8 | % | 2.3 | % | ||||||
Effective rate | 8.1 | % | 17.1 | % | (9.2 | )% | ||||||
It is the Company’s intent to remit all earnings from its foreign subsidiary and as of December 28, 2013, the Company had reflected all U.S. tax costs of remittance of such earnings in its financial statements. | ||||||||||||
A reconciliation of the unrecognized tax benefits for the periods presented is as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Unrecognized tax benefits, beginning of year | $ | 7,146 | $ | 7,860 | $ | 4,465 | ||||||
Gross increases for tax positions of prior years | — | 707 | 3,594 | |||||||||
Gross increases for tax positions of the current year | 147 | 81 | — | |||||||||
Gross decreases for tax positions of prior years | (253 | ) | (142 | ) | (177 | ) | ||||||
Settlements | — | (1,360 | ) | (22 | ) | |||||||
Unrecognized tax benefits, end of year | $ | 7,040 | $ | 7,146 | $ | 7,860 | ||||||
As of December 28, 2013 and December 29, 2012, the Company recorded $0.1 million of accrued interest related to uncertain tax positions. | ||||||||||||
As of December 28, 2013, the Company is subject to U.S. federal income tax examinations for the tax years 2008 and 2010 through 2012 and to non-U.S. income tax examinations for the tax years of 2009 through 2012. In addition, the Company is subject to state and local income tax examinations for the tax years 2006 through 2012. The Company had unrecognized tax benefits and accrued interest that would affect the Company’s effective tax rate if recognized of approximately $1.2 million as of December 28, 2013 and December 29, 2012. The Company is currently undergoing examinations of its U.S. federal, non-U.S. federal and certain state income tax returns. During 2012, the Company agreed to U.S. federal tax adjustments of $1.3 million related to the 2009 tax year. The final outcome of any other examinations are not yet determinable; however, management anticipates that adjustments to unrecognized tax benefits, if any, would not result in a material change to the results of operations, financial condition, or liquidity. | ||||||||||||
In September 2013, the Internal Revenue Service issued final regulations governing the income tax treatment of acquisitions, dispositions, and repairs of tangible property. Taxpayers are required to follow the new regulations in taxable years beginning on or after January 1, 2014. Management is currently assessing the impact of the regulations and does not expect they will have a material impact on the Company’s financial statements. | ||||||||||||
The Company and its U.S. subsidiaries are included in the consolidated income tax returns filed by Associated Materials Group, Inc., its indirect parent company. The Company and each of its subsidiaries entered into a tax sharing agreement under which federal income taxes are computed by the Company and each of its subsidiaries on a separate return basis. As of December 28, 2013 and December 29, 2012, there were no amounts due to or payable from Associated Materials Group, Inc. related to the tax sharing agreement. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income (Loss) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, are as follows (in thousands): | ||||||||||||
Defined Benefit Pension and Other Postretirement Plans | Foreign Currency Translation | Accumulated Other Comprehensive Loss | ||||||||||
Balance at December 29, 2012 | $ | (23,287 | ) | $ | 6,040 | $ | (17,247 | ) | ||||
Other comprehensive income (loss) before reclassifications, net of tax of $2,553 | 19,151 | (20,443 | ) | (1,292 | ) | |||||||
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | 623 | — | 623 | |||||||||
Balance at December 28, 2013 | $ | (3,513 | ) | $ | (14,403 | ) | $ | (17,916 | ) | |||
Reclassifications out of accumulated other comprehensive loss consist of the following (in thousands): | ||||||||||||
Year Ended | ||||||||||||
December 28, | ||||||||||||
2013 | ||||||||||||
Defined Benefit Pension and Other Postretirement Plans: | ||||||||||||
Amortization of unrecognized prior service costs | $ | (21 | ) | |||||||||
Amortization of unrecognized cumulative actuarial net loss | (740 | ) | ||||||||||
Total before tax | (761 | ) | ||||||||||
Tax benefit | (138 | ) | ||||||||||
Net of tax | $ | (623 | ) | |||||||||
Amortization of prior service costs and actuarial losses are included in the computation of net periodic benefit cost for the Company’s pension and other postretirement benefit plans. See Note 15 for further information. |
Stock_Plans
Stock Plans | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||||||||
STOCK PLANS | ||||||||||||
On October 13, 2010, Parent’s board of directors adopted the AMH Investment Holdings Corp. 2010 Stock Incentive Plan (now known as the Associated Materials Group, Inc. 2010 Stock Incentive Plan) (“2010 Plan”). The 2010 Plan is an incentive compensation plan that permits grants of equity-based compensation awards to employees, directors and consultants of Parent and its subsidiaries. Awards under the 2010 Plan may be in the form of stock options (either incentive stock options or non-qualified stock options) or other stock-based awards, including restricted stock awards, restricted stock unit awards and stock appreciation rights. The maximum number of shares reserved for the grant or settlement of awards under the 2010 Plan is 6,150,076 shares of Parent common stock, subject to adjustment in the event of any share dividend or split, reorganization, recapitalization, merger, consolidation, spinoff, combination, or any extraordinary dividend or other similar corporate transaction. Any shares subject to awards which terminate or lapse without payment of consideration may be granted again under the 2010 Plan. In the event of a change in control, Parent’s compensation committee may, at its discretion, accelerate the vesting or cause any restrictions to lapse with respect to outstanding awards, or may cancel such awards for fair value, or may provide for the issuance of substitute awards. | ||||||||||||
Options granted under the 2010 Plan were awarded at exercise prices at or above the fair market value of such stock on the date of grant. Each option holder was granted awards with time-based vesting and/or performance-based vesting provisions. Subject to the option holders’ continued employment on each vesting date, the time-based options vest with respect to 20% of the shares on each anniversary of the grant date, with accelerated vesting of all unvested shares in the event of a change in control, as defined in the 2010 Plan. Subject to the option holders’ continued employment on each vesting date, the performance-based options vest based on the achievement of Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) targets as established by Parent’s board of directors annually with respect to 20% of the shares per year over a five-year period, or if the target for a given year is not achieved, the option may vest if the applicable Adjusted EBITDA target is achieved in the next succeeding year. In addition, the performance-based options also provide that in the event of a change in control, that portion of the option that was scheduled to vest in the year in which the change in control occurs and in any subsequent years shall become vested immediately prior to such change in control. If a liquidity event occurs (defined as the first to occur of either a change in control or an initial public offering (“IPO”) of Parent’s common stock), any portion of the performance-based option that did not vest in any prior year because the applicable Adjusted EBITDA target was not met will vest if and only if the investment funds affiliated with H&F that purchased Parent common stock in the Merger receive a three times return on their initial cash investment in Parent. Each option award has a contractual life of ten years. | ||||||||||||
The stock underlying the options awarded under the 2010 Plan is governed by the stockholders agreement of Parent. Stock purchased as a result of the exercise of options is subject to a call right by Parent, and as a result, other than in limited circumstances, stock issued upon the exercise of the option may be repurchased at the right of Parent. This repurchase feature results in no compensation expense recognized in connection with options granted by Parent, until such time as the exercise of the options could occur without repurchase of the shares by Parent, which is only likely to occur upon a liquidity event, change in control or the completion of an initial public offering of shares of Parent’s common stock. Upon such liquidity event, change in control or initial public offering, the repurchase feature, with respect to outstanding option awards, is removed and compensation expense related to all option awards, to the extent vested, is recognized immediately. | ||||||||||||
Stock option activity during the year ended December 28, 2013 is summarized below: | ||||||||||||
Shares | Weighted | Remaining | ||||||||||
Average | Contractual | |||||||||||
Exercise Price | Term(years) | |||||||||||
Options outstanding December 29, 2012 | 4,511,670 | $ | 11.3 | |||||||||
Granted | 685,083 | 6.04 | ||||||||||
Exercised | — | — | ||||||||||
Forfeited | (361,315 | ) | 11.74 | |||||||||
Options outstanding December 28, 2013 | 4,835,438 | $ | 10.52 | 7.9 | ||||||||
Options exercisable December 28, 2013 | 1,629,199 | $ | 12 | 7.5 | ||||||||
The fair value of the options granted during 2013, 2012 and 2011 was estimated at the date of the grant using the Black-Scholes model. The weighted average assumptions and fair value of the options were as follows: | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Dividend yield | — | % | — | % | — | % | ||||||
Annual risk-free rate | 1.99 | % | 1.69 | % | 1.92 | % | ||||||
Expected life of options (years) | 7.19 | 8.27 | 8.57 | |||||||||
Volatility | 52.3 | % | 51 | % | 54.8 | % | ||||||
Weighted average fair value of options granted per share | $ | 2.58 | $ | 1.74 | $ | 2.51 | ||||||
The expected dividend yield is based on Parent’s historical and expected future dividend policy. The annual risk-free interest rate is based on zero coupon treasury bond rates corresponding to the expected life of the awards. The expected lives of the awards are based on the contractual term, the vesting period and the expected lives used by a peer group with similar option terms. Due to the fact that the shares of common stock of Parent have not and do not trade publicly, the expected volatility assumption was derived by referring to changes in the common stock prices of several peer companies (with respect to industry, size and leverage) over the same timeframe as the expected life of the awards. | ||||||||||||
In September 2011, Parent’s board of directors modified certain performance-based and time-based options held by eligible participants to reduce the exercise price of such options. The number of options repriced was 2.4 million to 43 employees, with a weighted average exercise price prior to repricing of $19.25 and an average remaining contractual life of 9.3 years. The compensation cost relating to this repricing resulted in additional unrecognized non-cash expense of $1.3 million that may be recognized over the remaining life of the options subject to vesting conditions. | ||||||||||||
In June 2011, Parent’s board of directors modified certain outstanding performance-based options held by eligible participants to reduce the Adjusted EBITDA target of such options for the portion of the award vesting in 2011 and to defer the establishment of Adjusted EBITDA targets for subsequent tranches, which will be set at an amount equal to or greater than the Company’s budgeted Adjusted EBITDA as determined by Parent’s board of directors within 90 days of the commencement of each fiscal year. The number of options included in the modification was 0.5 million to 8 employees, with a weighted average exercise price of $10.00 and an average remaining contractual life of 9.3 years. There was no incremental compensation cost related to this modification. | ||||||||||||
Grants of restricted stock and restricted stock units have been awarded to certain officers and board members under the 2010 Plan. The awards vest at various dates with vesting periods up to five years. The weighted average fair value of restricted stock and restricted stock unit awards was $4.25 for both 2013 and 2012, and was calculated using the estimated market value of the shares on the date of grant. | ||||||||||||
The following table summarizes the Company’s restricted stock and restricted stock unit award activity for the year ended December 28, 2013: | ||||||||||||
Shares | Weighted | |||||||||||
Average Fair | ||||||||||||
Value Per Share | ||||||||||||
Nonvested at December 29, 2012 | 27,000 | $ | 4.25 | |||||||||
Granted | 88,000 | 4.25 | ||||||||||
Vested | (29,400 | ) | 4.25 | |||||||||
Forfeited | — | — | ||||||||||
Nonvested at December 28, 2013 | 85,600 | $ | 4.25 | |||||||||
As of December 28, 2013, there was $13.3 million of unrecognized compensation cost related to Parent’s stock-based awards granted under the 2010 Plan and this cost is expected to be recognized at the time of a liquidity event or IPO. Compensation cost of $0.2 million , $0.1 million and $0.7 million was incurred related to Parent’s stock-based compensation plans recorded during 2013, 2012 and 2011, respectively, which was primarily included in selling, general and administrative expenses in the Consolidated Statements of Comprehensive Loss. The Company did not receive any cash as a result of vesting and exercise of stock-based compensation awards for the year ended December 28, 2013. |
Retirement_Plans
Retirement Plans | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | |||||||||||||||||||||||
Retirement Plans | ' | |||||||||||||||||||||||
RETIREMENT PLANS | ||||||||||||||||||||||||
The Company sponsors defined benefit pension plans which cover hourly workers at its West Salem, Ohio plant, and hourly union employees at its Woodbridge, New Jersey plant as well as a defined benefit retirement plan covering U.S. salaried employees, which was frozen in 1998 and subsequently replaced with a defined contribution plan (the “Domestic Plans”). In 2013, the pension plan for West Salem was amended to reflect an increase in the pension multiplier. Employees who were covered by the pension plan prior to the amendment were provided an opportunity to irrevocably freeze their pension, along with any vested benefits associated with the plan, and elect to participate in a defined contribution plan. In addition, the amendment effectively closed the plan to any new employees hired after November 4, 2013. The Company also sponsors a defined benefit pension plan covering the Canadian salaried employees and hourly union employees at the Lambeth, Ontario plant, a defined benefit pension plan for the hourly union employees at its Burlington, Ontario plant and a defined benefit pension plan for the hourly union employees at its Pointe Claire, Quebec plant (the “Foreign Plans”). The lump sum payments made to members of the Pointe Claire plan upon termination and retirement totaled more than the sum of the service cost and interest costs and as a result, the Company recorded a settlement loss of $0.6 million in 2013. | ||||||||||||||||||||||||
The Company also provides postretirement benefits other than pension (“OPEB plans”) including health care or life insurance benefits to certain U.S. and Canadian retirees and in some cases, their spouses and dependents. The Company’s postretirement benefit plans in the U.S. include an unfunded health care plan for hourly workers at the Company’s former steel siding plant in Cuyahoga Falls, Ohio. With the closure of this facility in 1991, no additional employees are eligible to participate in this plan. There are three other U.S. unfunded plans covering either life insurance or health care benefits for small frozen groups of retirees. The Company’s foreign postretirement benefit plan provides life insurance benefits to active members at its Pointe Claire, Quebec plant and a closed group of Canadian salaried retirees. The actuarial valuation measurement date for the defined pension plans and postretirement benefits other than pension is December 31. | ||||||||||||||||||||||||
The Company sponsors defined contribution plans, which are qualified as tax-exempt plans. The plans cover all full-time, non-union employees with matching contributions of up to 3.5% of eligible compensation in both the United States and Canada, depending on length of service and levels of contributions. The Company’s pre-tax contributions to its defined contribution plans were $2.6 million, $2.4 million and $1.8 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | ||||||||||||||||||||||||
The change in benefit obligation and plan assets for the Company’s defined benefit pension and OPEB plans are as follows (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Domestic | Foreign | OPEB Plans | Domestic | Foreign | OPEB Plans | |||||||||||||||||||
Plans | Plans | Plans | Plans | |||||||||||||||||||||
Change in projected benefit obligation: | ||||||||||||||||||||||||
Projected benefit obligation at beginning of period | $ | 74,223 | $ | 85,694 | $ | 6,067 | $ | 68,462 | $ | 72,700 | $ | 6,245 | ||||||||||||
Service cost | 1,033 | 2,785 | 12 | 752 | 2,421 | 13 | ||||||||||||||||||
Interest cost | 2,902 | 3,769 | 185 | 3,056 | 3,925 | 233 | ||||||||||||||||||
Plan amendments | 112 | — | (51 | ) | 5 | — | — | |||||||||||||||||
Actuarial (gain) loss | (7,323 | ) | (4,322 | ) | (818 | ) | 5,417 | 8,813 | 109 | |||||||||||||||
Settlements | — | (1,855 | ) | — | — | — | — | |||||||||||||||||
Participant contributions | — | 288 | 9 | — | 329 | 7 | ||||||||||||||||||
Benefits paid | (3,785 | ) | (3,599 | ) | (561 | ) | (3,469 | ) | (4,269 | ) | (589 | ) | ||||||||||||
Retiree drug subsidy reimbursement | — | — | 41 | — | — | 41 | ||||||||||||||||||
Effect of foreign exchange | — | (5,799 | ) | (28 | ) | — | 1,775 | 8 | ||||||||||||||||
Projected benefit obligation at end of period | 67,162 | 76,961 | 4,856 | 74,223 | 85,694 | 6,067 | ||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||
Fair value of assets at beginning of period | 47,922 | 61,965 | — | 42,943 | 54,122 | — | ||||||||||||||||||
Actual return on plan assets | 7,453 | 9,006 | — | 5,194 | 4,515 | — | ||||||||||||||||||
Settlements | — | (1,855 | ) | — | — | — | — | |||||||||||||||||
Employer contributions | 2,912 | 6,768 | 552 | 3,254 | 5,950 | 582 | ||||||||||||||||||
Participant contributions | — | 288 | 9 | — | 329 | 7 | ||||||||||||||||||
Benefits paid | (3,785 | ) | (3,599 | ) | (561 | ) | (3,469 | ) | (4,269 | ) | (589 | ) | ||||||||||||
Effect of foreign exchange | — | (4,609 | ) | — | — | 1,318 | — | |||||||||||||||||
Fair value of assets at end of period | 54,502 | 67,964 | — | 47,922 | 61,965 | — | ||||||||||||||||||
Funded status | $ | (12,660 | ) | $ | (8,997 | ) | $ | (4,856 | ) | $ | (26,301 | ) | $ | (23,729 | ) | $ | (6,067 | ) | ||||||
Accumulated Benefit Obligation | $ | 67,162 | $ | 72,153 | $ | 4,856 | $ | 74,223 | $ | 78,413 | $ | 6,067 | ||||||||||||
The amounts recognized in consolidated balance sheets and other comprehensive income (loss) for the Company’s defined benefit pension and OPEB plans are as follows (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Domestic | Foreign | OPEB Plans | Domestic | Foreign | OPEB Plans | |||||||||||||||||||
Plans | Plans | Plans | Plans | |||||||||||||||||||||
Balance sheets: | ||||||||||||||||||||||||
Accrued liabilities | $ | — | $ | — | $ | (515 | ) | $ | — | $ | — | $ | (565 | ) | ||||||||||
Other liabilities | (12,660 | ) | (8,997 | ) | (4,341 | ) | (26,301 | ) | (23,729 | ) | (5,502 | ) | ||||||||||||
Total recognized | $ | (12,660 | ) | $ | (8,997 | ) | $ | (4,856 | ) | $ | (26,301 | ) | $ | (23,729 | ) | $ | (6,067 | ) | ||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Net actuarial (gain) loss | $ | (2,137 | ) | $ | 4,883 | $ | (712 | ) | $ | 9,331 | $ | 15,111 | $ | 99 | ||||||||||
Net prior service cost (credit) | 116 | 380 | (51 | ) | 5 | 401 | — | |||||||||||||||||
Total recognized | $ | (2,021 | ) | $ | 5,263 | $ | (763 | ) | $ | 9,336 | $ | 15,512 | $ | 99 | ||||||||||
For the defined benefit pension plans, the estimated net actuarial loss and prior service cost to be amortized from accumulated other comprehensive loss into periodic benefit cost over the next fiscal year is less than $0.1 million. For the OPEB plans, the estimated actuarial gain and prior service credit to be amortized from accumulated other comprehensive income into periodic benefit cost over the next fiscal year is also less than $0.1 million. | ||||||||||||||||||||||||
The components of net periodic benefit cost for the Company’s pension benefit plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | |||||||||||||||||||
Plans | Plans | Plans | Plans | Plans | Plans | |||||||||||||||||||
Service cost | $ | 1,033 | $ | 2,785 | $ | 752 | $ | 2,421 | $ | 620 | $ | 2,575 | ||||||||||||
Interest cost | 2,902 | 3,769 | 3,056 | 3,925 | 3,095 | 3,782 | ||||||||||||||||||
Expected return on assets | (3,548 | ) | (3,900 | ) | (3,224 | ) | (3,726 | ) | (3,380 | ) | (3,947 | ) | ||||||||||||
Loss recognized due to settlements | — | 599 | — | — | — | — | ||||||||||||||||||
Amortization of prior service cost | 1 | 20 | — | 21 | — | 21 | ||||||||||||||||||
Amortization of net actuarial loss (gain) | 240 | 508 | 4 | 45 | (12 | ) | — | |||||||||||||||||
Net periodic benefit cost | $ | 628 | $ | 3,781 | $ | 588 | $ | 2,686 | $ | 323 | $ | 2,431 | ||||||||||||
The components of other comprehensive income (loss) for the Company’s pension benefit plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | |||||||||||||||||||
Plans | Plans | Plans | Plans | Plans | Plans | |||||||||||||||||||
Net actuarial (gain) loss | $ | (11,228 | ) | $ | (9,121 | ) | $ | 3,447 | $ | 8,040 | $ | 11,807 | $ | 8,627 | ||||||||||
Prior service cost | 112 | — | 5 | — | — | 443 | ||||||||||||||||||
Loss recognized due to settlements | — | (599 | ) | — | — | — | — | |||||||||||||||||
Amortization of prior service cost | (1 | ) | (20 | ) | — | (21 | ) | — | (21 | ) | ||||||||||||||
Amortization of net actuarial (loss) gain | (240 | ) | (508 | ) | (4 | ) | (45 | ) | 12 | — | ||||||||||||||
Total recognized | $ | (11,357 | ) | $ | (10,248 | ) | $ | 3,448 | $ | 7,974 | $ | 11,819 | $ | 9,049 | ||||||||||
The components of net periodic benefit cost for the Company’s OPEB Plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Service cost | $ | 12 | $ | 13 | $ | 11 | ||||||||||||||||||
Interest cost | 185 | 233 | 272 | |||||||||||||||||||||
Amortization of prior service cost | — | — | — | |||||||||||||||||||||
Amortization of net actuarial (gain) loss | (8 | ) | 1 | (3 | ) | |||||||||||||||||||
Net periodic benefit cost | $ | 189 | $ | 247 | $ | 280 | ||||||||||||||||||
The components of other comprehensive income (loss) for the Company’s OPEB Plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Net actuarial (gain) loss | $ | (817 | ) | $ | 109 | $ | 96 | |||||||||||||||||
Prior service credit | (51 | ) | — | — | ||||||||||||||||||||
Amortization of prior service cost | — | — | — | |||||||||||||||||||||
Amortization of net actuarial gain (loss) | 8 | (1 | ) | 3 | ||||||||||||||||||||
Total recognized | $ | (860 | ) | $ | 108 | $ | 99 | |||||||||||||||||
The weighted average assumptions used to determine projected benefit obligation for the Company’s pension and OPEB plans are: | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Discount rate: | ||||||||||||||||||||||||
Domestic plans | 4.81 | % | 3.97 | % | ||||||||||||||||||||
Foreign plans | 4.78 | % | 4.48 | % | ||||||||||||||||||||
OPEB plans | 4.25 | % | 3.43 | % | ||||||||||||||||||||
Compensation increases: | ||||||||||||||||||||||||
Domestic plans | — | % | — | % | ||||||||||||||||||||
Foreign plans | 3.5 | % | 3.5 | % | ||||||||||||||||||||
The weighted average assumptions used to determine projected net periodic benefit cost for the Company’s pension and OPEB plans are: | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Discount rate: | ||||||||||||||||||||||||
Domestic plans | 3.97 | % | 4.54 | % | 5.31 | % | ||||||||||||||||||
Foreign plans | 4.48 | % | 5.17 | % | 5.4 | % | ||||||||||||||||||
OPEB plans | 3.43 | % | 4.1 | % | 4.75 | % | ||||||||||||||||||
Long-term rate of return on assets: | ||||||||||||||||||||||||
Domestic plans | 7.5 | % | 7.5 | % | 8 | % | ||||||||||||||||||
Foreign plans | 6.25 | % | 6.5 | % | 7 | % | ||||||||||||||||||
Compensation increases: | ||||||||||||||||||||||||
Domestic plans | — | % | — | % | — | % | ||||||||||||||||||
Foreign plans | 3.5 | % | 3.5 | % | 3.5 | % | ||||||||||||||||||
The following table presents health care cost trend rates used to determine net periodic benefit cost for the Company’s OPEB plans, as well as information regarding the ultimate cost trend and the year in which their ultimate rate is reached: | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Assumed health care cost trend rate medical claims | 7 | % | 7.5 | % | 8 | % | ||||||||||||||||||
Ultimate health care cost trend | 5 | % | 5 | % | 5 | % | ||||||||||||||||||
Ultimate year health care cost trend rate is achieved | 2022 | 2018 | 2018 | |||||||||||||||||||||
A one-percentage-point increase (decrease) in the assumed health care cost trend rates has the following effects on postretirement obligations at December 28, 2013 (in thousands): | ||||||||||||||||||||||||
1% Increase | 1% Decrease | |||||||||||||||||||||||
Increase (decrease) in accumulated postretirement benefit obligation | $ | 277 | $ | (244 | ) | |||||||||||||||||||
Increase (decrease) in aggregate service and interest cost | 10 | (9 | ) | |||||||||||||||||||||
The discount rates used for the Company’s domestic plans were set on a plan by plan basis and reflect the market rate for high-quality fixed-income U.S. debt instruments that are rated AA or higher by a recognized ratings agency as of the annual measurement date. The discount rate is subject to change each year. In selecting the assumed discount rate, the Company considered current available rates of return expected to be available during the period to maturity of the pension and other postretirement benefit obligations. The discount rate for the Company’s foreign plans was selected on the same basis as described above for the domestic plans, except that the discount rate was evaluated using the spot rates generated by a Canadian corporate AA bond yield curve. | ||||||||||||||||||||||||
The Company’s financial objectives with respect to its pension plan assets are to provide growth, income from plan assets and benefits to its plan participants. The investment portfolio is designed to maximize investment returns within reasonable and prudent levels of risk, and to maintain sufficient liquidity to meet benefit obligations on a timely basis. The expected return on plan assets takes into consideration expected long-term inflation, historical returns and estimated future long-term returns based on capital market assumptions applied to the asset allocation strategy. The expected return on plan assets assumption considers asset returns over a full market cycle. Target allocations for the Domestic Plans are 60% equities, 35% fixed income and 5% cash and cash equivalents. For the Foreign Plans, target allocations are 60% equities and 40% fixed income. | ||||||||||||||||||||||||
The fair values of domestic pension plan assets as of December 28, 2013 by asset category are (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Equity securities | $ | 35,089 | $ | — | $ | — | $ | 35,089 | ||||||||||||||||
Mutual funds | — | 8,240 | — | 8,240 | ||||||||||||||||||||
Government securities | — | 9,063 | — | 9,063 | ||||||||||||||||||||
Money funds | — | 2,073 | — | 2,073 | ||||||||||||||||||||
Cash | 37 | — | — | 37 | ||||||||||||||||||||
Total | $ | 35,126 | $ | 19,376 | $ | — | $ | 54,502 | ||||||||||||||||
The fair values of domestic pension plan assets as of December 29, 2012 by asset category are (in thousands): | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Equity securities | $ | 30,297 | $ | — | $ | — | $ | 30,297 | ||||||||||||||||
Mutual funds | — | 7,057 | — | 7,057 | ||||||||||||||||||||
Government securities | — | 8,612 | — | 8,612 | ||||||||||||||||||||
Money funds | — | 1,923 | — | 1,923 | ||||||||||||||||||||
Cash | 33 | — | — | 33 | ||||||||||||||||||||
Total | $ | 30,330 | $ | 17,592 | $ | — | $ | 47,922 | ||||||||||||||||
The fair values of foreign pension plan assets as of December 28, 2013 by asset category are (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Pooled funds | $ | — | $ | 67,085 | $ | — | $ | 67,085 | ||||||||||||||||
Cash | 879 | — | — | 879 | ||||||||||||||||||||
Total | $ | 879 | $ | 67,085 | $ | — | $ | 67,964 | ||||||||||||||||
The fair values of foreign pension plan assets as of December 29, 2012 by asset category are (in thousands): | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Pooled funds | $ | — | $ | 61,562 | $ | — | $ | 61,562 | ||||||||||||||||
Cash | 403 | — | — | 403 | ||||||||||||||||||||
Total | $ | 403 | $ | 61,562 | $ | — | $ | 61,965 | ||||||||||||||||
Equity Securities: Equity securities classified as Level 1 investments primarily include common stock of large, medium and small sized corporations and international equities. These investments are comprised of securities listed on an exchange, market or automated quotation system for which quotations are readily available. The valuation of these securities was determined based on the closing price reported on the active market on which the individual securities were traded. | ||||||||||||||||||||||||
Mutual Funds and Government Securities: Mutual funds and government securities classified as Level 2 investments primarily include government debt securities and bonds. The valuation of investments classified as Level 2 was determined using a market approach based upon quoted prices for similar assets and liabilities in active markets based on pricing models which incorporate information from market sources and observed market movements. | ||||||||||||||||||||||||
Money Funds: Money funds classified as Level 2 investments seek to maintain the net asset value (“NAV”) per share at $1.00. Money funds are valued under the amortized cost method which approximates current market value. Under this method, the securities are valued at cost when purchased and thereafter, a constant proportionate amortization of any discount or premium is recorded until the maturity of the security. | ||||||||||||||||||||||||
Pooled Funds: Pooled funds held by the Company’s foreign plans are classified as Level 2 investments and are reported at their NAV. These pooled funds use the close or last trade price as fair value of the investments to determine the daily transactional NAV for purchases and redemptions by its unit holders as determined by the fund’s trustee based on the underlying securities in the fund. | ||||||||||||||||||||||||
Estimated future benefit payments are as follows (in thousands): | ||||||||||||||||||||||||
Pension Plans | OPEB Plans | |||||||||||||||||||||||
Domestic | Foreign | Gross | Medicare Prescription Drug Subsidy | |||||||||||||||||||||
Plans | Plans | |||||||||||||||||||||||
2014 | $ | 3,279 | $ | 3,063 | $ | 514 | $ | (33 | ) | |||||||||||||||
2015 | 3,487 | 3,536 | 487 | (32 | ) | |||||||||||||||||||
2016 | 3,579 | 3,595 | 451 | (31 | ) | |||||||||||||||||||
2017 | 3,705 | 3,613 | 422 | (30 | ) | |||||||||||||||||||
2018 | 3,841 | 3,586 | 394 | (30 | ) | |||||||||||||||||||
2019 — 2023 | 21,764 | 21,005 | 1,568 | (126 | ) | |||||||||||||||||||
The Company expects to make $4.5 million, $7.4 million and $0.5 million in contributions to the Domestic Plans, Foreign Plans and OPEB Plans, respectively, in 2014. Although a decline in market conditions, changes in current pension law and uncertainties regarding significant assumptions used in the actuarial valuations may have a material impact on future required contributions to the Company’s pension plans, the Company currently does not expect funding requirements to have a material adverse impact on current or future liquidity. | ||||||||||||||||||||||||
Actuarial valuations require significant estimates and assumptions made by management, primarily the funding interest rate, discount rate and expected long-term return on plan assets. These assumptions are all susceptible to changes in market conditions. The funding interest rate and discount rate are based on representative bond yield curves maintained and monitored by an independent third party. In determining the expected long-term rate of return on plan assets, the Company considers historical market and portfolio rates of return, asset allocations and expectations of future rates of return. |
Lease_Commitments
Lease Commitments | 12 Months Ended | |||
Dec. 28, 2013 | ||||
Leases [Abstract] | ' | |||
Leases of Lessee Disclosure [Text Block] | ' | |||
LEASE COMMITMENTS | ||||
Commitments for future minimum lease payments under non-cancelable operating leases, principally for manufacturing and distribution facilities and certain equipment, are as follows (in thousands): | ||||
2014 | $ | 34,772 | ||
2015 | 25,744 | |||
2016 | 18,809 | |||
2017 | 14,392 | |||
2018 | 10,606 | |||
Thereafter | 11,329 | |||
Total future minimum lease payments | $ | 115,652 | ||
Lease expense was $39.8 million, $40.1 million and $40.8 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. The Company’s facility lease agreements typically contain renewal options. | ||||
During the second quarter ended July 2, 2011, the Company purchased previously leased equipment via buy-out option and paid the lessor the present value of the remaining lease payments, the residual value and sales and personal property taxes. As a result, the Company recorded a charge of $0.8 million within selling, general and administrative expenses for the year ended December 31, 2011. The charge represents the excess of cash paid over the estimated fair value of the purchased equipment. The estimated fair values of the purchased equipment was recorded within property, plant and equipment and is being depreciated over their estimated remaining useful lives. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 28, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies | ' |
COMMITMENTS AND CONTINGENCIES | |
The Company is involved from time to time in litigation arising in the ordinary course of business, none of which, individually or in the aggregate, after giving effect to its existing insurance coverage, is expected to have a material adverse effect on its financial position, results of operations or liquidity. From time to time, the Company is also involved in proceedings and potential proceedings relating to environmental and product liability matters. | |
Environmental Claims | |
The Woodbridge, New Jersey facility is currently the subject of an investigation and/or remediation before the New Jersey Department of Environmental Protection (“NJDEP”) under ISRA Case No. E20030110 for the Company’s wholly-owned subsidiary Gentek Building Products, Inc. (“Gentek”). The facility is currently leased by Gentek. Previous operations at the facility resulted in soil and groundwater contamination in certain areas of the property. In 1999, the property owner and Gentek signed a remediation agreement with NJDEP, pursuant to which the property owner and Gentek agreed to continue an investigation/remediation that had been commenced pursuant to a Memorandum of Agreement with NJDEP. Under the remediation agreement, NJDEP required posting of a remediation funding source of $0.1 million that was provided by Gentek under a self-guarantee as of December 31, 2011. In March 2012, the self-guarantee was replaced by a $0.2 million standby letter of credit provided to the NJDEP. In May 2013, the amount of the standby letter of credit was increased to $0.3 million. Although investigations at this facility are ongoing and the delineation process has not been completed, it appears probable that a liability will be incurred and as such, the Company has recorded a minimum liability of $0.3 million. The Company believes this matter will not have a material adverse effect on its financial position, results of operations or liquidity. | |
Product Liability Claims | |
On September 20, 2010, the Company and Gentek were named as defendants in an action filed in the United States District Court for the Northern District of Ohio, captioned Donald Eliason, et al. v. Gentek Building Products, Inc., et al (the “Eliason complaint”). The complaint was filed by a number of individual plaintiffs on behalf of themselves and a putative nationwide class of owners of steel and aluminum siding products manufactured by the Company and Gentek or their predecessors. The plaintiffs assert a breach of express and implied warranty, along with related causes of action, claiming that an unspecified defect in the siding causes paint to peel off the metal and that the Company and Gentek have failed adequately to honor their warranty obligations to repair, replace or refinish the defective siding. Plaintiffs seek unspecified actual and punitive damages, restitution of monies paid to the defendants and an injunction against the claimed unlawful practices, together with attorneys’ fees, costs and interest. Since such time that the Eliason complaint was filed, seven additional putative class actions have been filed. | |
On January 26, 2012, the Company filed a motion to coordinate or consolidate the actions as a multidistrict litigation. Plaintiffs in all cases agreed to a temporary stay while the Judicial Panel on Multidistrict Litigation considered the motion. On April 17, 2012, the Panel issued an order denying the Company’s motion to consolidate on the basis that since all plaintiffs have agreed to voluntarily dismiss their actions and re-file their cases in the Northern District of Ohio, there is no need to formally order the consolidation. On May 3, 2012, a complaint was filed in the Northern District of Ohio, consolidating the five actions that previously had been pending in other states (the “Patrick action”). On July 20, 2012, plaintiffs in the three actions already pending in the Northern District of Ohio filed a motion to consolidate those actions with the Patrick action, but specifically requesting that the first-filed action by plaintiff Eliason be permitted to proceed under a separate caption and on its own track. That same day, the Court issued an order requiring the parties to advise if any party objects to consolidation and requiring the parties to submit a joint consolidated pretrial schedule within ten days. Defendants filed a motion consenting to consolidation but requesting that all cases be consolidated under a single caption and proceed on a single track. On September 6, 2012, the Court issued an order granting the defendants’ request for consolidation of all cases under a single caption, proceeding on a single track. The Court also ordered plaintiffs to file their single consolidated amended complaint by September 19, 2012, which plaintiffs did. | |
The Court also conducted a case management conference on September 5, 2012. At that conference, the Court deferred setting most case deadlines to permit the parties to attempt to resolve the case by mediation. A non-binding mediation was held on November 13, 2012. Subsequent to the mediation, on February 13, 2013, the Company entered into a Settlement Agreement and Release of Claims (the “Settlement”) with the named plaintiffs. A preliminary approval hearing was held by the Court on March 4, 2013, and the Settlement was preliminarily approved by the Court on March 5, 2013. On August 1, 2013, following a fairness hearing, the Court issued a final judgment and order approving the Settlement (“Final Judgment and Order”). The Settlement became effective on September 2, 2013 when the time period for appealing the Final Judgment and Order ended. | |
The Settlement provides for the certification of a class for settlement purposes only of commercial and residential property owners who purchased steel siding manufactured and warranted by the Company during the period January 1, 1991 to March 15, 2013 (the date on which notice of the Settlement was first sent to settlement class members) and whose siding allegedly experienced “Steel Peel,” which is characterized for the purposes of settlement by the separation of any layer of the finish on the steel siding from the steel siding itself. Subject to the terms and conditions of the Settlement, the Company has agreed that (1) the first time an eligible settlement class member submits a valid Steel Peel warranty claim for siding, the Company will, at its option, repair or replace the siding or, at such class member’s option, make a cash settlement payment to such class member equal to the cost to the Company of the repair or replacement option selected by the Company; (2) the second time such class member submits a valid Steel Peel warranty claim for the same siding, the same options will be available; and (3) the third time such a claim is submitted, such class member may elect to have the Company either refinish or replace the siding or may elect to receive a one-time $8,000 payment. If the $8,000 payment option is chosen, the Company will have no further obligation to such class member in connection with the warranty. | |
Under the Settlement, the Company agreed to pay the sum of $2.5 million to compensate class counsel for attorneys’ fees and litigation expenses incurred and to be incurred in connection with the lawsuit. The Company also paid $0.6 million associated with executing the notice provisions of the Settlement. The Company recognized settlement costs related to the attorneys’ fees and notice costs as of December 29, 2012. The Company expects to incur additional warranty costs associated with the Settlement; however, the Company does not believe the incremental costs have been or will be material. | |
The Settlement does not constitute an admission of liability, culpability, negligence or wrongdoing on the part of the Company, and the Company believes it has valid defenses to the claims asserted. Upon final approval by the court, the Settlement will release all claims that were or could have been asserted against the Company in the lawsuit or that relate to any aspect of the subject matter of the lawsuit. | |
Environmental claims, product liability claims and other claims are administered by the Company in the ordinary course of business, and the Company maintains pollution and remediation and product liability insurance covering certain types of claims. Although it is difficult to estimate the Company’s potential exposure to these matters, the Company believes that the resolution of these matters will not have a material adverse effect on its financial position, results of operations or liquidity. |
Business_Segments
Business Segments | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Segment Reporting Disclosure [Text Block] | ' | |||||||||||
BUSINESS SEGMENTS | ||||||||||||
The Company is in the business of manufacturing and distributing exterior residential building products. The Company has a single operating segment and a single reportable segment. The Company’s chief operating decision maker is considered to be the Chief Executive Officer. The chief operating decision maker allocates resources and assesses performance of the business and other activities at the single operating segment level. | ||||||||||||
The following table sets forth a summary of net sales by principal product offering (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Vinyl windows | $ | 369,869 | $ | 357,267 | $ | 362,570 | ||||||
Vinyl siding products | 216,872 | 227,374 | 224,388 | |||||||||
Metal products | 166,602 | 174,111 | 178,398 | |||||||||
Third-party manufactured products | 314,408 | 302,966 | 320,852 | |||||||||
Other products and services | 101,847 | 80,803 | 73,307 | |||||||||
$ | 1,169,598 | $ | 1,142,521 | $ | 1,159,515 | |||||||
The Company operates principally in the United States and Canada. Net sales and long-lived assets by country were determined based on the location of the selling subsidiary as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Net Sales: | ||||||||||||
United States | $ | 950,977 | $ | 904,791 | $ | 911,854 | ||||||
Canada | 218,621 | 237,730 | 247,661 | |||||||||
$ | 1,169,598 | $ | 1,142,521 | $ | 1,159,515 | |||||||
December 28, 2013 | December 29, 2012 | |||||||||||
Long-lived Assets: | ||||||||||||
United States | $ | 66,922 | $ | 69,183 | ||||||||
Canada | 34,023 | 39,269 | ||||||||||
$ | 100,945 | $ | 108,452 | |||||||||
Subsidiary_Guarantors
Subsidiary Guarantors | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Subsidiary Guarantors [Abstract] | ' | |||||||||||||||||||||||
Subisidiary Guarantors [Text Block] | ' | |||||||||||||||||||||||
SUBSIDIARY GUARANTORS | ||||||||||||||||||||||||
The Company’s payment obligations under its 9.125% notes are fully and unconditionally guaranteed, jointly and severally, on a senior basis, by its domestic 100% owned subsidiaries, Gentek Holdings, LLC and Gentek Building Products, Inc. AMH New Finance, Inc. (formerly Carey New Finance, Inc.) is a co-issuer of the 9.125% notes and is a domestic 100% owned subsidiary of the Company having no operations, revenues or cash flows for the periods presented. | ||||||||||||||||||||||||
Associated Materials Canada Limited, Gentek Canada Holdings Limited and Gentek Buildings Products Limited Partnership are Canadian companies and do not guarantee the Company’s 9.125% notes. In the opinion of management, separate financial statements of the respective Subsidiary Guarantors would not provide additional material information that would be useful in assessing the financial composition of the Subsidiary Guarantors. | ||||||||||||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 7,566 | $ | — | $ | — | $ | 13,249 | $ | — | $ | 20,815 | ||||||||||||
Accounts receivable, net | 96,265 | — | 9,858 | 19,140 | — | 125,263 | ||||||||||||||||||
Intercompany receivables | 374,444 | — | 57,711 | 1,794 | (433,949 | ) | — | |||||||||||||||||
Inventories | 93,175 | — | 10,117 | 30,177 | — | 133,469 | ||||||||||||||||||
Income taxes receivable | — | — | 792 | — | — | 792 | ||||||||||||||||||
Deferred income taxes | 2,451 | — | 2,234 | — | — | 4,685 | ||||||||||||||||||
Prepaid expenses and other current assets | 8,239 | — | 891 | 1,712 | — | 10,842 | ||||||||||||||||||
Total current assets | 582,140 | — | 81,603 | 66,072 | (433,949 | ) | 295,866 | |||||||||||||||||
Property, plant and equipment, net | 65,348 | — | 1,574 | 34,023 | — | 100,945 | ||||||||||||||||||
Goodwill | 300,642 | — | 24,650 | 146,499 | — | 471,791 | ||||||||||||||||||
Other intangible assets, net | 379,740 | — | 44,654 | 138,830 | — | 563,224 | ||||||||||||||||||
Investment in subsidiaries | (37,194 | ) | — | (136,544 | ) | — | 173,738 | — | ||||||||||||||||
Intercompany receivable | — | 835,230 | — | — | (835,230 | ) | — | |||||||||||||||||
Other assets | 22,926 | — | — | 1,867 | — | 24,793 | ||||||||||||||||||
Total assets | $ | 1,313,602 | $ | 835,230 | $ | 15,937 | $ | 387,291 | $ | (1,095,441 | ) | $ | 1,456,619 | |||||||||||
LIABILITIES AND MEMBER'S EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Accounts payable | $ | 64,272 | $ | — | $ | 9,531 | $ | 23,171 | $ | — | $ | 96,974 | ||||||||||||
Intercompany payables | 1,794 | — | — | 432,155 | (433,949 | ) | — | |||||||||||||||||
Accrued liabilities | 63,534 | — | 6,392 | 8,256 | — | 78,182 | ||||||||||||||||||
Deferred income taxes | — | — | — | 2,441 | — | 2,441 | ||||||||||||||||||
Income taxes payable | 452 | — | — | 1,687 | — | 2,139 | ||||||||||||||||||
Total current liabilities | 130,052 | — | 15,923 | 467,710 | (433,949 | ) | 179,736 | |||||||||||||||||
Deferred income taxes | 73,862 | — | 16,620 | 35,722 | — | 126,204 | ||||||||||||||||||
Other liabilities | 76,668 | — | 20,588 | 20,403 | — | 117,659 | ||||||||||||||||||
Long-term debt | 835,230 | 835,230 | — | — | (835,230 | ) | 835,230 | |||||||||||||||||
Member’s equity | 197,790 | — | (37,194 | ) | (136,544 | ) | 173,738 | 197,790 | ||||||||||||||||
Total liabilities and member’s equity | $ | 1,313,602 | $ | 835,230 | $ | 15,937 | $ | 387,291 | $ | (1,095,441 | ) | $ | 1,456,619 | |||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 900,422 | $ | — | $ | 166,302 | $ | 263,604 | $ | (160,730 | ) | $ | 1,169,598 | |||||||||||
Cost of sales | 687,015 | — | 150,647 | 210,866 | (160,730 | ) | 887,798 | |||||||||||||||||
Gross profit | 213,407 | — | 15,655 | 52,738 | — | 281,800 | ||||||||||||||||||
Selling, general and administrative expenses | 183,250 | — | 5,281 | 43,750 | — | 232,281 | ||||||||||||||||||
Income from operations | 30,157 | — | 10,374 | 8,988 | — | 49,519 | ||||||||||||||||||
Interest expense, net | 77,681 | — | — | 2,070 | — | 79,751 | ||||||||||||||||||
Foreign currency loss | — | — | — | 754 | — | 754 | ||||||||||||||||||
(Loss) income before income taxes | (47,524 | ) | — | 10,374 | 6,164 | — | (30,986 | ) | ||||||||||||||||
Income tax (benefit) expense | (1,882 | ) | — | 1,668 | 2,721 | — | 2,507 | |||||||||||||||||
(Loss) income before equity income (loss) from subsidiaries | (45,642 | ) | — | 8,706 | 3,443 | — | (33,493 | ) | ||||||||||||||||
Equity income (loss) from subsidiaries | 12,149 | — | 3,443 | — | (15,592 | ) | — | |||||||||||||||||
Net (loss) income | $ | (33,493 | ) | $ | — | $ | 12,149 | $ | 3,443 | $ | (15,592 | ) | $ | (33,493 | ) | |||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | 19,774 | — | 9,666 | 7,594 | (17,260 | ) | 19,774 | |||||||||||||||||
Foreign currency translation adjustments, net of tax | (20,443 | ) | — | (20,443 | ) | (20,443 | ) | 40,886 | (20,443 | ) | ||||||||||||||
Total comprehensive (loss) income | $ | (34,162 | ) | $ | — | $ | 1,372 | $ | (9,406 | ) | $ | 8,034 | $ | (34,162 | ) | |||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (12,204 | ) | $ | — | $ | 56 | $ | 12,401 | $ | 253 | |||||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Supply center acquisition | (348 | ) | — | — | — | (348 | ) | |||||||||||||||||
Capital expenditures | (10,926 | ) | — | (56 | ) | (720 | ) | (11,702 | ) | |||||||||||||||
Proceeds from the sale of assets | 56 | — | — | 4 | 60 | |||||||||||||||||||
Net cash used in investing activities | (11,218 | ) | — | (56 | ) | (716 | ) | (11,990 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 99,891 | — | — | 48,970 | 148,861 | |||||||||||||||||||
Payments under ABL facilities | (169,391 | ) | — | — | (57,470 | ) | (226,861 | ) | ||||||||||||||||
Intercompany transactions | (8,500 | ) | — | — | 8,500 | — | ||||||||||||||||||
Equity contribution from parent | 742 | — | — | — | 742 | |||||||||||||||||||
Issuance of senior notes | 106,000 | — | — | — | 106,000 | |||||||||||||||||||
Financing costs | (5,074 | ) | — | — | (475 | ) | (5,549 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 23,668 | — | — | (475 | ) | 23,193 | ||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (235 | ) | (235 | ) | |||||||||||||||||
Increase in cash and cash equivalents | 246 | — | — | 10,975 | 11,221 | |||||||||||||||||||
Cash and cash equivalents at beginning of year | 7,320 | — | — | 2,274 | 9,594 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,566 | $ | — | $ | — | $ | 13,249 | $ | 20,815 | ||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 7,320 | $ | — | $ | — | $ | 2,274 | $ | — | $ | 9,594 | ||||||||||||
Accounts receivable, net | 91,556 | — | 9,179 | 20,652 | — | 121,387 | ||||||||||||||||||
Intercompany receivables | 371,236 | — | 56,097 | 1,794 | (429,127 | ) | — | |||||||||||||||||
Inventories | 83,523 | — | 7,359 | 27,083 | — | 117,965 | ||||||||||||||||||
Income taxes receivable | — | — | — | 2,690 | — | 2,690 | ||||||||||||||||||
Deferred income taxes | 5,317 | — | 3,417 | — | — | 8,734 | ||||||||||||||||||
Prepaid expenses and other current assets | 5,025 | — | 784 | 2,962 | — | 8,771 | ||||||||||||||||||
Total current assets | 563,977 | — | 76,836 | 57,455 | (429,127 | ) | 269,141 | |||||||||||||||||
Property, plant and equipment, net | 67,236 | — | 1,947 | 39,269 | — | 108,452 | ||||||||||||||||||
Goodwill | 300,641 | — | 24,650 | 157,322 | — | 482,613 | ||||||||||||||||||
Other intangible assets, net | 399,650 | — | 45,104 | 154,890 | — | 599,644 | ||||||||||||||||||
Investment in subsidiaries | (38,564 | ) | — | (127,136 | ) | — | 165,700 | — | ||||||||||||||||
Intercompany receivable | — | 730,000 | — | — | (730,000 | ) | — | |||||||||||||||||
Other assets | 20,207 | — | 171 | 2,056 | — | 22,434 | ||||||||||||||||||
Total assets | $ | 1,313,147 | $ | 730,000 | $ | 21,572 | $ | 410,992 | $ | (993,427 | ) | $ | 1,482,284 | |||||||||||
LIABILITIES AND MEMBER'S EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Accounts payable | $ | 54,003 | $ | — | $ | 4,826 | $ | 15,482 | $ | — | $ | 74,311 | ||||||||||||
Intercompany payables | 1,794 | — | — | 427,333 | (429,127 | ) | — | |||||||||||||||||
Accrued liabilities | 55,599 | — | 10,173 | 9,525 | — | 75,297 | ||||||||||||||||||
Deferred income taxes | — | — | — | 3,469 | — | 3,469 | ||||||||||||||||||
Income taxes payable | 1,495 | — | 3,053 | 1,149 | — | 5,697 | ||||||||||||||||||
Total current liabilities | 112,891 | — | 18,052 | 456,958 | (429,127 | ) | 158,774 | |||||||||||||||||
Deferred income taxes | 76,968 | — | 17,633 | 36,176 | — | 130,777 | ||||||||||||||||||
Other liabilities | 92,733 | — | 24,451 | 36,289 | — | 153,473 | ||||||||||||||||||
Long-term debt | 799,500 | 730,000 | — | 8,705 | (730,000 | ) | 808,205 | |||||||||||||||||
Member’s equity | 231,055 | — | (38,564 | ) | (127,136 | ) | 165,700 | 231,055 | ||||||||||||||||
Total liabilities and member’s equity | $ | 1,313,147 | $ | 730,000 | $ | 21,572 | $ | 410,992 | $ | (993,427 | ) | $ | 1,482,284 | |||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 861,092 | $ | — | $ | 169,610 | $ | 279,464 | $ | (167,645 | ) | $ | 1,142,521 | |||||||||||
Cost of sales | 649,672 | — | 155,262 | 222,328 | (167,645 | ) | 859,617 | |||||||||||||||||
Gross profit | 211,420 | — | 14,348 | 57,136 | — | 282,904 | ||||||||||||||||||
Selling, general and administrative expenses | 184,840 | — | 9,922 | 45,265 | — | 240,027 | ||||||||||||||||||
Income from operations | 26,580 | — | 4,426 | 11,871 | — | 42,877 | ||||||||||||||||||
Interest expense, net | 73,761 | — | — | 1,759 | — | 75,520 | ||||||||||||||||||
Foreign currency loss | — | — | — | 119 | — | 119 | ||||||||||||||||||
(Loss) income before income taxes | (47,181 | ) | — | 4,426 | 9,993 | — | (32,762 | ) | ||||||||||||||||
Income tax (benefit) expense | (9,828 | ) | — | 12,120 | 3,313 | — | 5,605 | |||||||||||||||||
(Loss) income before equity (loss) income from subsidiaries | (37,353 | ) | — | (7,694 | ) | 6,680 | — | (38,367 | ) | |||||||||||||||
Equity (loss) income from subsidiaries | (1,014 | ) | — | 6,680 | — | (5,666 | ) | — | ||||||||||||||||
Net (loss) income | $ | (38,367 | ) | $ | — | $ | (1,014 | ) | $ | 6,680 | $ | (5,666 | ) | $ | (38,367 | ) | ||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | (9,446 | ) | — | (6,481 | ) | (5,909 | ) | 12,390 | (9,446 | ) | ||||||||||||||
Foreign currency translation adjustments, net of tax | 8,228 | — | 8,228 | 8,228 | (16,456 | ) | 8,228 | |||||||||||||||||
Total comprehensive (loss) income | $ | (39,585 | ) | $ | — | $ | 733 | $ | 8,999 | $ | (9,732 | ) | $ | (39,585 | ) | |||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (7,641 | ) | $ | — | $ | 2,724 | $ | 4,328 | $ | (589 | ) | ||||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Capital expenditures | (4,335 | ) | — | (68 | ) | (968 | ) | (5,371 | ) | |||||||||||||||
Proceeds from the sale of assets | 90 | — | 1 | 3 | 94 | |||||||||||||||||||
Net cash used in investing activities | (4,245 | ) | — | (67 | ) | (965 | ) | (5,277 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 116,100 | — | — | 92,371 | 208,471 | |||||||||||||||||||
Payments under ABL facilities | (117,600 | ) | — | — | (86,571 | ) | (204,171 | ) | ||||||||||||||||
Intercompany transactions | 12,980 | — | (58,446 | ) | 45,466 | — | ||||||||||||||||||
Dividends paid | — | — | 55,789 | (55,789 | ) | — | ||||||||||||||||||
Equity contribution from parent | 80 | — | — | — | 80 | |||||||||||||||||||
Financing costs | (209 | ) | — | — | (16 | ) | (225 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 11,351 | — | (2,657 | ) | (4,539 | ) | 4,155 | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (69 | ) | (69 | ) | |||||||||||||||||
Decrease in cash and cash equivalents | (535 | ) | — | — | (1,245 | ) | (1,780 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of year | 7,855 | — | — | 3,519 | 11,374 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,320 | $ | — | $ | — | $ | 2,274 | $ | 9,594 | ||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 31, 2011 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 865,247 | $ | — | $ | 159,846 | $ | 291,588 | $ | (157,166 | ) | $ | 1,159,515 | |||||||||||
Cost of sales | 674,764 | — | 153,540 | 223,195 | (157,166 | ) | 894,333 | |||||||||||||||||
Gross profit | 190,483 | — | 6,306 | 68,393 | — | 265,182 | ||||||||||||||||||
Selling, general and administrative expenses | 197,357 | — | 5,877 | 44,044 | — | 247,278 | ||||||||||||||||||
Impairment of goodwill | 52,791 | — | 5,293 | 26,169 | — | 84,253 | ||||||||||||||||||
Impairment of other intangible assets | 56,900 | — | 6,153 | 16,841 | — | 79,894 | ||||||||||||||||||
Merger transaction costs | 513 | — | — | 72 | — | 585 | ||||||||||||||||||
Manufacturing restructuring costs | 228 | — | — | — | — | 228 | ||||||||||||||||||
Loss from operations | (117,306 | ) | — | (11,017 | ) | (18,733 | ) | — | (147,056 | ) | ||||||||||||||
Interest expense, net | 73,877 | — | — | 1,852 | — | 75,729 | ||||||||||||||||||
Foreign currency loss | — | — | — | 438 | — | 438 | ||||||||||||||||||
Loss before income taxes | (191,183 | ) | — | (11,017 | ) | (21,023 | ) | — | (223,223 | ) | ||||||||||||||
Income tax (benefit) expense | (18,641 | ) | — | (2,145 | ) | 352 | — | (20,434 | ) | |||||||||||||||
Loss before equity (loss) income from subsidiaries | (172,542 | ) | — | (8,872 | ) | (21,375 | ) | — | (202,789 | ) | ||||||||||||||
Equity (loss) income from subsidiaries | (30,247 | ) | — | (21,375 | ) | — | 51,622 | — | ||||||||||||||||
Net (loss) income | $ | (202,789 | ) | $ | — | $ | (30,247 | ) | $ | (21,375 | ) | $ | 51,622 | $ | (202,789 | ) | ||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | (18,640 | ) | — | (8,723 | ) | (6,719 | ) | 15,442 | (18,640 | ) | ||||||||||||||
Foreign currency translation adjustments, net of tax | (7,374 | ) | — | (7,374 | ) | (7,374 | ) | 14,748 | (7,374 | ) | ||||||||||||||
Total comprehensive (loss) income | $ | (228,803 | ) | $ | — | $ | (46,344 | ) | $ | (35,468 | ) | $ | 81,812 | $ | (228,803 | ) | ||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 31, 2011 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (19,728 | ) | $ | — | $ | (13,830 | ) | $ | 31,553 | $ | (2,005 | ) | |||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Supply center acquisition | (1,550 | ) | — | — | — | (1,550 | ) | |||||||||||||||||
Capital expenditures | (12,268 | ) | — | (40 | ) | (3,139 | ) | (15,447 | ) | |||||||||||||||
Proceeds from sale of assets | 494 | — | — | — | 494 | |||||||||||||||||||
Net cash used in investing activities | (13,324 | ) | — | (40 | ) | (3,139 | ) | (16,503 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 307,100 | — | — | 148,049 | 455,149 | |||||||||||||||||||
Payments under ABL facilities | (294,100 | ) | — | — | (145,049 | ) | (439,149 | ) | ||||||||||||||||
Equity contribution from parent | 300 | — | — | — | 300 | |||||||||||||||||||
Financing costs | (398 | ) | — | — | — | (398 | ) | |||||||||||||||||
Intercompany transactions | 22,094 | — | 13,870 | (35,964 | ) | — | ||||||||||||||||||
Net cash provided by (used in) financing activities | 34,996 | — | 13,870 | (32,964 | ) | 15,902 | ||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | 191 | 191 | |||||||||||||||||||
Increase (decrease) in cash and cash equivalents | 1,944 | — | — | (4,359 | ) | (2,415 | ) | |||||||||||||||||
Cash and cash equivalents at beginning of year | 5,911 | — | — | 7,878 | 13,789 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,855 | $ | — | $ | — | $ | 3,519 | $ | 11,374 | ||||||||||||||
Accounting_Policies_Policies
Accounting Policies (Policies) | 12 Months Ended |
Dec. 28, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation [Policy Text Block] | ' |
BASIS OF PRESENTATION | |
On October 13, 2010, AMH Holdings II, Inc. (“AMH II”), the then indirect parent company of the Company, completed its merger (the “Acquisition Merger”) with Carey Acquisition Corp. (“Merger Sub”), pursuant to the terms of the Agreement and Plan of Merger, dated as of September 8, 2010 (“Merger Agreement”), among Carey Investment Holdings Corp. (now known as Associated Materials Group, Inc.) (“Parent”), Carey Intermediate Holdings Corp. (now known as Associated Materials Incorporated), a 100% owned direct subsidiary of Parent (“Holdings”), Merger Sub, a wholly-owned direct subsidiary of Holdings, and AMH II, with AMH II surviving such merger as a wholly-owned direct subsidiary of Holdings. After a series of additional mergers (the “Downstream Mergers,” and together with the “Acquisition Merger,” the “Merger”), AMH II merged with and into the Company, with the Company surviving such merger as a wholly-owned direct subsidiary of Holdings. As a result of the Merger, the Company is now an indirect wholly-owned subsidiary of Parent. Holdings and Parent do not have material assets or operations other than their direct and indirect ownership, respectively, of the membership interest of the Company. Approximately 97% of the capital stock of Parent is owned by investment funds affiliated with Hellman & Friedman (“H&F”). | |
The Company operates on a 52/53 week fiscal year that ends on the Saturday closest to December 31st. The Company’s 2013, 2012 and 2011 fiscal years ended on December 28, 2013, December 29, 2012 and December 31, 2011, respectively, and included 52 weeks of operations. | |
Consolidation, Policy [Policy Text Block] | ' |
PRINCIPLES OF CONSOLIDATION | |
The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances are eliminated in consolidation. | |
Use of Estimates, Policy [Policy Text Block] | ' |
USE OF ESTIMATES | |
The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. On an ongoing basis, the Company evaluates its estimates, including those related to recoverability of intangibles and other long-lived assets, customer programs and incentives, allowance for doubtful accounts, inventories, warranties, valuation allowances for deferred tax assets, share-based compensation, pensions and postretirement benefits and various other allowances and accruals. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. | |
Revenue Recognition, Policy [Policy Text Block] | ' |
REVENUE RECOGNITION | |
The Company primarily sells and distributes its products through two channels: direct sales from its manufacturing facilities to independent distributors and dealers and sales to contractors through its company-operated supply centers. Direct sales revenue is recognized when the Company’s manufacturing facility ships the product and title and risk of loss passes to the customer or when services have been rendered. Sales to contractors are recognized either when the contractor receives product directly from the supply center or when the supply center delivers the product to the contractor’s job site. For both direct sales to independent distributors and dealers and sales generated from the Company’s supply centers, revenue is not recognized until collectability is reasonably assured. A substantial portion of the Company’s sales is in the repair and replacement segment of the exterior residential building products industry. Therefore, vinyl windows are manufactured to specific measurement requirements received from the Company’s customers. In each of 2013, 2012 and 2011, sales to one customer and its licensees represented approximately 13% of total net sales. | |
Revenues are recorded net of estimated returns, customer incentive programs and other incentive offerings including special pricing agreements, promotions and other volume-based incentives. Revisions to these estimates are charged to income in the period in which the facts that give rise to the revision become known. For contracts involving installation, revenue recognition is dependent on the type of contract under which the Company is performing. For single-family residential contracts, revenue is recognized when the installation is complete. For multi-family residential or commercial contracts, revenue is recognized based on percentage of completion. The Company collects sales, use, and value added taxes that are imposed by governmental authorities on and concurrent with sales to the Company’s customers. Revenues are presented net of these taxes as the obligation is included in accrued liabilities until the taxes are remitted to the appropriate taxing authorities. | |
The Company offers certain sales incentives to customers who become eligible based on the volume of purchases made during the calendar year. The sales incentives programs are considered customer volume rebates, which are typically computed as a percentage of customer sales, and in certain instances the rebate percentage may increase as customers achieve sales hurdles. Volume rebates are accrued throughout the year based on management estimates of customers’ annual sales volumes and the expected annual rebate percentage achieved. For these programs, the Company does not receive an identifiable benefit in exchange for the consideration, and therefore, the Company characterizes the volume rebate to the customer as a reduction of revenue in the Company’s Consolidated Statements of Comprehensive Loss. | |
Cash and Cash Equivalents, Policy [Policy Text Block] | ' |
CASH AND CASH EQUIVALENTS | |
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |
Receivables, Policy [Policy Text Block] | ' |
ACCOUNTS RECEIVABLE | |
The Company records accounts receivable at selling prices which are fixed based on purchase orders or contractual arrangements. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The allowance for doubtful accounts is based on a review of the overall condition of accounts receivable balances and a review of significant past due accounts. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. Account balances are charged off against the allowance for doubtful accounts after all means of collection have been exhausted and the potential for recovery is considered remote. Accounts receivable that are not expected to be collected within one year are reclassified as long-term accounts receivable. Long-term accounts receivable balances, net of the related allowance for doubtful accounts are included in other assets in the Consolidated Balance Sheets. See Note 3 for further information. | |
Inventory, Policy [Policy Text Block] | ' |
INVENTORIES | |
Inventories are valued at the lower of cost (first-in, first-out) or market. The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. Fixed manufacturing overhead is allocated based on normal production capacity and abnormal manufacturing costs are recognized as period costs. See Note 4 for further information. | |
Property, Plant and Equipment, Policy [Policy Text Block] | ' |
PROPERTY, PLANT AND EQUIPMENT | |
Additions to property, plant and equipment are stated at cost. The cost of maintenance and repairs of property, plant and equipment is charged to operations in the period incurred. Depreciation is computed by the straight-line method over the estimated useful lives of the assets. The estimated useful lives are approximately 20 to 30 years for buildings and improvements and 3 to 15 years for machinery and equipment. Leasehold improvements are amortized over the lesser of the lease term or the estimated life of the leasehold improvement. Property, plant and equipment are reviewed for impairment in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360, Property, Plant, and Equipment. | |
The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to undiscounted future net cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Depreciation on assets held for sale is discontinued and such assets are reported at the lower of the carrying amount or fair value less costs to sell. See Note 5 for further information. | |
Goodwill and Intangible Assets, Policy [Policy Text Block] | ' |
GOODWILL AND OTHER INTANGIBLE ASSETS WITH INDEFINITE LIVES | |
In accordance with FASB ASC Topic 350, Intangibles — Goodwill and Other, the Company evaluates the carrying value of its goodwill and other intangible assets with indefinite lives for potential impairment on an annual basis or an interim basis if there are indicators of potential impairment. As the consolidated entity represents the only component that constitutes a business for which discrete financial information is reviewed by the Company’s chief operating decision maker for the purpose of making decisions about resources to be allocated and assessing performance, the Company concludes that it has one reporting unit, which is the same as its single operating segment, and the Company performs its goodwill impairment assessment for the Company as a whole. The impairment test is conducted using an income approach. As the Company does not have a market for its equity, management performs the annual impairment analysis utilizing a discounted cash flow approach incorporating current estimates regarding performance and macroeconomic factors discounted at a weighted average cost of capital. The Company conducts its impairment test of its goodwill and other intangible assets with indefinite lives annually at the beginning of the fourth quarter of each year or as indicators of potential impairment arise. The resulting fair value measures used in such impairment tests incorporate significant unobservable inputs, and as such, are considered Level 3 fair value measurements. See Note 6 for further information. | |
Standard Product Warranty, Policy [Policy Text Block] | ' |
PRODUCT WARRANTY COSTS | |
Consistent with industry practice, the Company provides to homeowners limited warranties on certain products, primarily related to window and siding product categories. Warranties are of varying lengths of time from the date of purchase up to and including lifetime. Warranties cover product failures such as seal failures for windows and fading and peeling for siding products, as well as manufacturing defects. The Company has various options for remedying product warranty claims including repair, refinishing or replacement of the defective product, the cost of which is directly absorbed by the Company. Warranties also become reduced under certain conditions of time and/or change in home ownership. Certain metal coating suppliers provide warranties on materials sold to the Company that mitigate the costs incurred by the Company. Reserves for future warranty costs are provided based on management’s estimates utilizing an actuarial calculation performed by an independent actuarial firm that projects future remedy costs using historical data trends of claims incurred, claim payments, sales history of products to which such costs relate and other factors. See Note 9 for further information. | |
Income Tax, Policy [Policy Text Block] | ' |
INCOME TAXES | |
The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Income tax expense includes both current and deferred taxes. Deferred tax assets and liabilities may be recognized for the effect of temporary differences between the book and tax bases of recorded assets and liabilities. ASC 740 requires that deferred tax assets be reduced by a valuation allowance if it is more likely than not that some portion or all of the deferred tax asset will not be realized. The Company reviews the recoverability of any tax assets recorded on the balance sheet and provides any necessary allowances as required. When an uncertain tax position meets the more likely than not recognition threshold, the position is measured to determine the amount of expense and benefit to be recognized in the financial statements. No tax benefit is recognized in the financial statements for tax positions that do not meet the more likely than not threshold. The Company recognizes interest and penalties related to income taxes and uncertain tax positions within income tax expense. The effect of a change to the deferred tax assets or liabilities as a result of new tax law, including tax rate changes, is recognized in the period that the tax law is enacted. See Note 12 for further information. | |
Derivatives, Policy [Policy Text Block] | ' |
DERIVATIVES AND HEDGING ACTIVITIES | |
In accordance with FASB ASC Topic 815, Derivatives and Hedging, all of the Company’s derivative instruments are recognized on the balance sheet at their fair value. The Company uses techniques designed to mitigate the short-term effect of exchange rate fluctuations of the Canadian dollar on its operations by entering into foreign exchange forward contracts. The Company does not speculate in foreign currencies or derivative financial instruments. Gains or losses on foreign exchange forward contracts are recorded within foreign currency (gain) loss in the accompanying Consolidated Statements of Comprehensive Loss. At December 28, 2013, the Company was a party to foreign exchange forward contracts for Canadian dollars. The value of these contracts was immaterial at December 28, 2013. | |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' |
STOCK PLANS | |
The Company accounts for share-based payments to employees and directors, including grants of restricted stock and restricted stock unit awards, in accordance with FASB ASC Topic 718, Compensation — Stock Compensation (“ASC 718”), which requires that share-based payments (to the extent they are compensatory) be measured and recognized in the Company’s Consolidated Statements of Comprehensive Loss using a fair value method. See Note 14 for further information. | |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | ' |
PENSIONS | |
Pension costs are developed from actuarial valuations. Inherent in these valuations are key assumptions including discount rates and expected return on plan assets. In selecting these assumptions, management considers current market conditions, including changes in interest rates and market returns on plan assets. Changes in the related pension benefit costs may occur in the future due to changes in assumptions. See Note 15 for further information. | |
Lease, Policy [Policy Text Block] | ' |
LEASE OBLIGATIONS | |
Lease expense for operating leases that have escalating rentals over the term of the lease is recorded on a straight-line basis over the life of the lease, which commences on the date the Company has the right to control the property. The cumulative expense recognized on a straight-line basis in excess of the cumulative payments is included in accrued liabilities and other liabilities in the Consolidated Balance Sheets. Capital improvements that may be required to make a building suitable for the Company’s use are incurred by the landlords and are made prior to the Company having control of the property (lease commencement date) and are therefore incorporated into the determination of the lease rental rate. See Note 16 for further information. | |
In connection with the Merger and the application of purchase accounting, the Company evaluated its operating leases and recorded adjustments to reflect the fair market values of its operating leases. As a result, a favorable lease asset of $0.8 million and an unfavorable lease liability of $5.0 million were recorded based on the then current market analysis. The favorable lease asset and unfavorable lease liability are being amortized over the related remaining lease terms and are reported within cost of sales and selling, general and administrative expenses in the Consolidated Statements of Comprehensive Loss beginning October 13, 2010. The unamortized balances as of December 28, 2013 for the lease asset and lease liability were $0.2 million and $3.0 million, respectively. | |
Legal Costs, Policy [Policy Text Block] | ' |
LITIGATION EXPENSES | |
The Company is involved in certain legal proceedings. The Company recognizes litigation related expenses in the period in which the litigation services are provided. See Note 17 for further information. | |
Selling, General and Administrative Expenses, Policy [Policy Text Block] | ' |
COST OF SALES AND SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | |
For products manufactured by the Company, cost of sales includes the purchase cost of raw materials, net of vendor rebates, payroll and benefit costs for direct and indirect labor incurred at the Company’s manufacturing locations including purchasing, receiving and inspection, inbound freight charges, freight charges to deliver product to the Company’s supply centers, and freight charges to deliver product to the Company’s independent distributor and dealer customers. It also includes all variable and fixed costs incurred to operate and maintain the manufacturing locations and machinery and equipment, such as lease costs, repairs and maintenance, utilities and depreciation. For third-party manufactured products, which are sold through the Company’s supply centers, cost of sales includes the purchase cost of the product, net of vendor rebates, as well as inbound freight charges. | |
Selling, general and administrative expenses include payroll and benefit costs including incentives and commissions of its supply center employees, corporate employees and sales representatives, building lease costs of its supply centers, delivery vehicle costs and other delivery charges incurred to deliver product from its supply centers to its contractor customers, sales vehicle costs, marketing costs, customer sales rewards, other administrative expenses such as supplies, legal, accounting, consulting, travel and entertainment as well as all other costs to operate its supply centers and corporate office. The customer sales rewards programs offer customers the ability to earn points based on purchases, which can be redeemed for products or services procured through independent third-party suppliers. The costs of the rewards programs are accrued as earned throughout the year based on estimated payouts under the program. Total customer rewards costs reported as a component of selling, general and administrative expenses totaled $3.8 million, $4.5 million and $6.2 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. Shipping and handling costs included in selling, general and administrative expense totaled $30.8 million, $31.9 million and $32.1 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | |
For the year ended December 28, 2013, the Company incurred $4.0 million of expense for company-sponsored research and development activities related to the new window platform that was launched in January 2014. Research and development activities are principally related to new product development and were reported within the cost of sales and selling, general and administrative expenses in the Consolidated Statements of Comprehensive Loss. Costs related to research and development were immaterial for the years ended December 29, 2012 and December 31, 2011. | |
Advertising Costs, Policy [Policy Text Block] | ' |
MARKETING AND ADVERTISING | |
Marketing and advertising costs are generally expensed as incurred. Marketing and advertising expense was $8.8 million, $11.0 million and $12.3 million for the years ended December 28, 2013, December 29, 2012 and December 31, 2011, respectively. | |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | ' |
FOREIGN CURRENCY TRANSLATION | |
The financial position and results of operations of the Company’s Canadian subsidiary are measured using Canadian dollars as the functional currency. Assets and liabilities of the subsidiary are translated into U.S. dollars at the exchange rate in effect at each reporting period end. Income statement and cash flow amounts are translated into U.S. dollars at the average exchange rates prevailing during the year. Translation adjustments arising from the use of different exchange rates from period to period are reflected as a component of member’s equity within accumulated other comprehensive income (loss). Gains and losses arising from transactions denominated in a currency other than Canadian dollars occurring in the Company’s Canadian subsidiary are included in foreign currency gain (loss) in the Company’s Consolidated Statements of Comprehensive Loss. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
RECENT ACCOUNTING PRONOUNCEMENTS | |
In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 eliminates diversity in practice in the presentation of unrecognized tax benefits. ASU 2013-11 requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit to be presented as a reduction to the related deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward, unless a net operating loss carryforward, a similar tax loss or a tax credit carryforward is not available at the reporting date under the governing tax law to settle taxes that would result from the disallowance of the tax position, or the entity does not intend to use the deferred tax asset for such purpose. ASU 2013-11 is effective for fiscal years and interim periods within those years, beginning after December 15, 2013. The Company does not believe that the adoption of the provisions of ASU 2013-11 will have a material impact on its consolidated financial position, results of operations or cash flows. | |
In February 2013, the FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”). ASU 2013-02 requires the disclosure of additional information about reclassification adjustments, including (1) changes in accumulated other comprehensive income balances by component and (2) significant items reclassified out of accumulated other comprehensive income. Required disclosures include disaggregation of the total change of each component of other comprehensive income and the separate presentation of reclassification adjustments and current-period other comprehensive income. In addition, ASU 2013-02 requires the presentation of information about significant items reclassified out of accumulated other comprehensive income by component either on the face of the statement where net income is presented or as a separate disclosure in the notes to the financial statements. The new disclosure requirements are effective, prospectively, for fiscal years and interim periods within those years, beginning after December 15, 2012. ASU 2013-02 concerns presentation and disclosure only. Adoption of the provisions of ASU 2013-02 at the beginning of 2013 did not have an impact on the Company’s consolidated financial position, results of operations or cash flows. | |
In July 2012, the FASB issued ASU No. 2012-02, Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”). ASU 2012-02 permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. If an entity determines that it is not more likely than not that the asset is impaired, the entity will have the option not to calculate annually the fair value of an indefinite-lived intangible asset. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. ASU 2012-02 is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012, with early adoption permitted. Adoption of the provisions of ASU 2012-02 at the beginning of 2013 did not have an impact on the Company’s consolidated financial position, results of operations or cash flows. |
Allowance_for_Doubtful_Account1
Allowance for Doubtful Accounts (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Allowance for Doubtful Accounts [Abstract] | ' | |||||||||||
Allowance for Doubtful Accounts [Table Text Block] | ' | |||||||||||
Changes in the allowance for doubtful accounts on accounts receivable are as follows (in thousands): | ||||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of period | $ | 9,171 | $ | 7,823 | $ | 9,203 | ||||||
Provision for losses | 1,122 | 2,420 | 3,114 | |||||||||
Losses sustained (net of recoveries) | (1,601 | ) | (1,072 | ) | (4,494 | ) | ||||||
Balance at end of period | $ | 8,692 | $ | 9,171 | $ | 7,823 | ||||||
Allowance for doubtful accounts on accounts receivable consists of (in thousands): | ||||||||||||
December 28, | December 29, | |||||||||||
2013 | 2012 | |||||||||||
Allowance for doubtful accounts, current | $ | 3,198 | $ | 3,737 | ||||||||
Allowance for doubtful accounts, non-current | 5,494 | 5,434 | ||||||||||
$ | 8,692 | $ | 9,171 | |||||||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Inventory Disclosure [Abstract] | ' | |||||||
Schedule of Inventory, Current [Table Text Block] | ' | |||||||
Inventories consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Raw materials | $ | 32,129 | $ | 26,749 | ||||
Work-in-progress | 9,356 | 11,589 | ||||||
Finished goods | 91,984 | 79,627 | ||||||
$ | 133,469 | $ | 117,965 | |||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Property, Plant and Equipment [Abstract] | ' | |||||||
Property, Plant and Equipment [Table Text Block] | ' | |||||||
Property, plant and equipment consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Land | $ | 14,487 | $ | 15,315 | ||||
Buildings | 40,090 | 40,871 | ||||||
Machinery and equipment | 107,983 | 105,708 | ||||||
Construction in process | 7,725 | 642 | ||||||
170,285 | 162,536 | |||||||
Less accumulated depreciation | 69,340 | 54,084 | ||||||
$ | 100,945 | $ | 108,452 | |||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of goodwill | ' | |||||||||||||||||||||||
Changes in the net carrying amount of goodwill are as follows (in thousands): | ||||||||||||||||||||||||
Goodwill | ||||||||||||||||||||||||
Balance at December 31, 2011 | $ | 478,912 | ||||||||||||||||||||||
Foreign currency translation | 3,701 | |||||||||||||||||||||||
Balance at December 29, 2012 | 482,613 | |||||||||||||||||||||||
Foreign currency translation | (10,822 | ) | ||||||||||||||||||||||
Balance at December 28, 2013 | $ | 471,791 | ||||||||||||||||||||||
Schedule of finite-lived intangibles and indefinite-lived intangibles | ' | |||||||||||||||||||||||
The Company’s other intangible assets consist of the following (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Cost | Accumulated | Net | Cost | Accumulated | Net | |||||||||||||||||||
Amortization | Carrying | Amortization | Carrying | |||||||||||||||||||||
Value | Value | |||||||||||||||||||||||
Amortized customer bases | $ | 327,280 | $ | 82,874 | $ | 244,406 | $ | 331,582 | $ | 57,897 | $ | 273,685 | ||||||||||||
Amortized non-compete agreements | 20 | 11 | 9 | 10 | 5 | 5 | ||||||||||||||||||
Total amortized intangible assets | 327,300 | 82,885 | 244,415 | 331,592 | 57,902 | 273,690 | ||||||||||||||||||
Non-amortized trade names (1) | 318,809 | — | 318,809 | 325,954 | — | 325,954 | ||||||||||||||||||
Total intangible assets | $ | 646,109 | $ | 82,885 | $ | 563,224 | $ | 657,546 | $ | 57,902 | $ | 599,644 | ||||||||||||
-1 | Balances at December 28, 2013 and December 29, 2012 include impairment charges of $79.9 million recorded in 2011. |
Accrued_and_Other_Liabilities_
Accrued and Other Liabilities (Tables) | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Other Liabilities, Current [Abstract] | ' | |||||||
Other Liabilities, Current [Table Text Block] | ' | |||||||
Accrued liabilities consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Employee compensation | $ | 14,621 | $ | 15,586 | ||||
Sales promotions and incentives | 20,954 | 16,852 | ||||||
Warranty reserves | 9,371 | 9,368 | ||||||
Employee benefits | 7,273 | 7,918 | ||||||
Interest | 12,905 | 11,682 | ||||||
Taxes other than income taxes | 2,994 | 3,255 | ||||||
Other | 10,064 | 10,636 | ||||||
$ | 78,182 | $ | 75,297 | |||||
Other Liabilities, Noncurrent [Abstract] | ' | |||||||
Other Liabilities, Noncurrent [Table Text Block] | ' | |||||||
Other liabilities consist of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
Pensions and other postretirement plans | $ | 25,998 | $ | 55,532 | ||||
Warranty reserves | 83,836 | 88,103 | ||||||
Other | 7,825 | 9,838 | ||||||
$ | 117,659 | $ | 153,473 | |||||
Manufacturing_Restructuring_Co1
Manufacturing Restructuring Costs (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Restructuring Cost and Reserve [Line Items] | ' | |||||||||||
Schedule of Restructuring and Related Costs [Table Text Block] | ' | |||||||||||
Changes in the manufacturing restructuring liability are as follows (in thousands): | ||||||||||||
December 28, 2013 | December 29, 2012 | December 31, 2011 | ||||||||||
Balance at beginning of period | $ | 3,387 | $ | 4,086 | $ | 4,583 | ||||||
Additions | — | — | 228 | |||||||||
Accretion of related lease obligations | 516 | 545 | 498 | |||||||||
Payments | (1,131 | ) | (1,244 | ) | (1,223 | ) | ||||||
Balance at end of period | $ | 2,772 | $ | 3,387 | $ | 4,086 | ||||||
Product_Warranty_Costs_Tables
Product Warranty Costs (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Product Warranties Disclosures [Abstract] | ' | |||||||||||
Schedule of Product Warranty Liability [Table Text Block] | ' | |||||||||||
Changes in the warranty reserve are as follows (in thousands): | ||||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Balance at beginning of period | $ | 97,471 | $ | 101,163 | $ | 94,712 | ||||||
Provision for warranties issued and changes in estimates for pre-existing warranties | 4,040 | 4,098 | 14,661 | |||||||||
Claims paid | (7,383 | ) | (8,133 | ) | (7,823 | ) | ||||||
Foreign currency translation | (921 | ) | 343 | (387 | ) | |||||||
Balance at end of period | $ | 93,207 | $ | 97,471 | $ | 101,163 | ||||||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 12 Months Ended | |||||||
Dec. 28, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Schedule of long-term debt instruments | ' | |||||||
Long-term debt consists of (in thousands): | ||||||||
December 28, | December 29, | |||||||
2013 | 2012 | |||||||
9.125% notes | $ | 835,230 | $ | 730,000 | ||||
Borrowings under the ABL facilities | — | 78,205 | ||||||
Total long-term debt | $ | 835,230 | $ | 808,205 | ||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Income Tax Disclosure [Abstract] | ' | |||||||||||
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | ' | |||||||||||
Income tax expense (benefit) for the periods presented consists of (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Current: | ||||||||||||
Federal | $ | (802 | ) | $ | (107 | ) | $ | 1,462 | ||||
State | 657 | 328 | 844 | |||||||||
Foreign | 4,155 | 7,445 | 9,876 | |||||||||
4,010 | 7,666 | 12,182 | ||||||||||
Deferred: | ||||||||||||
Federal | 397 | (240 | ) | (18,434 | ) | |||||||
State | (467 | ) | (478 | ) | (4,658 | ) | ||||||
Foreign | (1,433 | ) | (1,343 | ) | (9,524 | ) | ||||||
(1,503 | ) | (2,061 | ) | (32,616 | ) | |||||||
Income tax expense (benefit) | $ | 2,507 | $ | 5,605 | $ | (20,434 | ) | |||||
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | ' | |||||||||||
Loss before income taxes is as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
U.S. | $ | (37,150 | ) | $ | (42,755 | ) | $ | (202,200 | ) | |||
Canada | 6,164 | 9,993 | (21,023 | ) | ||||||||
$ | (30,986 | ) | $ | (32,762 | ) | $ | (223,223 | ) | ||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ' | |||||||||||
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred income taxes are as follows (in thousands): | ||||||||||||
December 28, | December 29, | |||||||||||
2013 | 2012 | |||||||||||
Deferred income tax assets: | ||||||||||||
Medical benefits | $ | 1,642 | $ | 2,085 | ||||||||
Allowance for doubtful accounts | 3,420 | 3,556 | ||||||||||
Pension and other postretirement plans | 7,413 | 16,561 | ||||||||||
Inventory costs | 1,885 | 1,111 | ||||||||||
Warranty costs | 34,611 | 36,167 | ||||||||||
Net operating loss carryforwards | 133,783 | 128,789 | ||||||||||
Foreign tax credit carryforwards | 4,455 | 4,455 | ||||||||||
Accrued expenses and other | 11,518 | 16,060 | ||||||||||
Total deferred income tax assets | 198,727 | 208,784 | ||||||||||
Valuation allowance | (74,075 | ) | (69,904 | ) | ||||||||
Net deferred income tax assets | 124,652 | 138,880 | ||||||||||
Deferred income tax liabilities: | ||||||||||||
Depreciation | 19,151 | 22,325 | ||||||||||
Intangible assets | 200,481 | 213,071 | ||||||||||
Tax liability on unremitted foreign earnings | 1,868 | — | ||||||||||
Gain on debt extinguishment | 22,241 | 22,321 | ||||||||||
Other | 4,871 | 6,675 | ||||||||||
Total deferred income tax liabilities | 248,612 | 264,392 | ||||||||||
Net deferred income tax liabilities | $ | (123,960 | ) | $ | (125,512 | ) | ||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | ' | |||||||||||
The reconciliation of the statutory rate to the Company’s effective income tax rate for the periods presented is as follows: | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Statutory rate | (35.0 | )% | (35.0 | )% | (35.0 | )% | ||||||
State income tax, net of federal income tax benefit | (2.8 | )% | (0.3 | )% | (2.3 | )% | ||||||
Tax liability on remitted and unremitted foreign earnings | 16.9 | % | 12.4 | % | 0.2 | % | ||||||
Goodwill impairment | — | % | — | % | 12.4 | % | ||||||
Foreign rate differential | (1.8 | )% | (2.8 | )% | 0.7 | % | ||||||
Valuation allowance | 28.6 | % | 32.7 | % | 10.7 | % | ||||||
Foreign tax credit and withholding taxes | 0.8 | % | 7.3 | % | 1.8 | % | ||||||
Prior year assessments | 2.8 | % | — | % | — | % | ||||||
Other | (1.4 | )% | 2.8 | % | 2.3 | % | ||||||
Effective rate | 8.1 | % | 17.1 | % | (9.2 | )% | ||||||
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] | ' | |||||||||||
A reconciliation of the unrecognized tax benefits for the periods presented is as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Unrecognized tax benefits, beginning of year | $ | 7,146 | $ | 7,860 | $ | 4,465 | ||||||
Gross increases for tax positions of prior years | — | 707 | 3,594 | |||||||||
Gross increases for tax positions of the current year | 147 | 81 | — | |||||||||
Gross decreases for tax positions of prior years | (253 | ) | (142 | ) | (177 | ) | ||||||
Settlements | — | (1,360 | ) | (22 | ) | |||||||
Unrecognized tax benefits, end of year | $ | 7,040 | $ | 7,146 | $ | 7,860 | ||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, are as follows (in thousands): | ||||||||||||
Defined Benefit Pension and Other Postretirement Plans | Foreign Currency Translation | Accumulated Other Comprehensive Loss | ||||||||||
Balance at December 29, 2012 | $ | (23,287 | ) | $ | 6,040 | $ | (17,247 | ) | ||||
Other comprehensive income (loss) before reclassifications, net of tax of $2,553 | 19,151 | (20,443 | ) | (1,292 | ) | |||||||
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | 623 | — | 623 | |||||||||
Balance at December 28, 2013 | $ | (3,513 | ) | $ | (14,403 | ) | $ | (17,916 | ) | |||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||||
Reclassifications out of accumulated other comprehensive loss consist of the following (in thousands): | ||||||||||||
Year Ended | ||||||||||||
December 28, | ||||||||||||
2013 | ||||||||||||
Defined Benefit Pension and Other Postretirement Plans: | ||||||||||||
Amortization of unrecognized prior service costs | $ | (21 | ) | |||||||||
Amortization of unrecognized cumulative actuarial net loss | (740 | ) | ||||||||||
Total before tax | (761 | ) | ||||||||||
Tax benefit | (138 | ) | ||||||||||
Net of tax | $ | (623 | ) |
Stock_Plans_Stock_Plans_Tables
Stock Plans Stock Plans (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||||||||
Stock option activity during the year ended December 28, 2013 is summarized below: | ||||||||||||
Shares | Weighted | Remaining | ||||||||||
Average | Contractual | |||||||||||
Exercise Price | Term(years) | |||||||||||
Options outstanding December 29, 2012 | 4,511,670 | $ | 11.3 | |||||||||
Granted | 685,083 | 6.04 | ||||||||||
Exercised | — | — | ||||||||||
Forfeited | (361,315 | ) | 11.74 | |||||||||
Options outstanding December 28, 2013 | 4,835,438 | $ | 10.52 | 7.9 | ||||||||
Options exercisable December 28, 2013 | 1,629,199 | $ | 12 | 7.5 | ||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | |||||||||||
The weighted average assumptions and fair value of the options were as follows: | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Dividend yield | — | % | — | % | — | % | ||||||
Annual risk-free rate | 1.99 | % | 1.69 | % | 1.92 | % | ||||||
Expected life of options (years) | 7.19 | 8.27 | 8.57 | |||||||||
Volatility | 52.3 | % | 51 | % | 54.8 | % | ||||||
Weighted average fair value of options granted per share | $ | 2.58 | $ | 1.74 | $ | 2.51 | ||||||
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | ' | |||||||||||
The following table summarizes the Company’s restricted stock and restricted stock unit award activity for the year ended December 28, 2013: | ||||||||||||
Shares | Weighted | |||||||||||
Average Fair | ||||||||||||
Value Per Share | ||||||||||||
Nonvested at December 29, 2012 | 27,000 | $ | 4.25 | |||||||||
Granted | 88,000 | 4.25 | ||||||||||
Vested | (29,400 | ) | 4.25 | |||||||||
Forfeited | — | — | ||||||||||
Nonvested at December 28, 2013 | 85,600 | $ | 4.25 | |||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | |||||||||||||||||||||||
Schedule of Defined Benefit Plans Disclosures [Table Text Block] | ' | |||||||||||||||||||||||
The change in benefit obligation and plan assets for the Company’s defined benefit pension and OPEB plans are as follows (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Domestic | Foreign | OPEB Plans | Domestic | Foreign | OPEB Plans | |||||||||||||||||||
Plans | Plans | Plans | Plans | |||||||||||||||||||||
Change in projected benefit obligation: | ||||||||||||||||||||||||
Projected benefit obligation at beginning of period | $ | 74,223 | $ | 85,694 | $ | 6,067 | $ | 68,462 | $ | 72,700 | $ | 6,245 | ||||||||||||
Service cost | 1,033 | 2,785 | 12 | 752 | 2,421 | 13 | ||||||||||||||||||
Interest cost | 2,902 | 3,769 | 185 | 3,056 | 3,925 | 233 | ||||||||||||||||||
Plan amendments | 112 | — | (51 | ) | 5 | — | — | |||||||||||||||||
Actuarial (gain) loss | (7,323 | ) | (4,322 | ) | (818 | ) | 5,417 | 8,813 | 109 | |||||||||||||||
Settlements | — | (1,855 | ) | — | — | — | — | |||||||||||||||||
Participant contributions | — | 288 | 9 | — | 329 | 7 | ||||||||||||||||||
Benefits paid | (3,785 | ) | (3,599 | ) | (561 | ) | (3,469 | ) | (4,269 | ) | (589 | ) | ||||||||||||
Retiree drug subsidy reimbursement | — | — | 41 | — | — | 41 | ||||||||||||||||||
Effect of foreign exchange | — | (5,799 | ) | (28 | ) | — | 1,775 | 8 | ||||||||||||||||
Projected benefit obligation at end of period | 67,162 | 76,961 | 4,856 | 74,223 | 85,694 | 6,067 | ||||||||||||||||||
Change in plan assets: | ||||||||||||||||||||||||
Fair value of assets at beginning of period | 47,922 | 61,965 | — | 42,943 | 54,122 | — | ||||||||||||||||||
Actual return on plan assets | 7,453 | 9,006 | — | 5,194 | 4,515 | — | ||||||||||||||||||
Settlements | — | (1,855 | ) | — | — | — | — | |||||||||||||||||
Employer contributions | 2,912 | 6,768 | 552 | 3,254 | 5,950 | 582 | ||||||||||||||||||
Participant contributions | — | 288 | 9 | — | 329 | 7 | ||||||||||||||||||
Benefits paid | (3,785 | ) | (3,599 | ) | (561 | ) | (3,469 | ) | (4,269 | ) | (589 | ) | ||||||||||||
Effect of foreign exchange | — | (4,609 | ) | — | — | 1,318 | — | |||||||||||||||||
Fair value of assets at end of period | 54,502 | 67,964 | — | 47,922 | 61,965 | — | ||||||||||||||||||
Funded status | $ | (12,660 | ) | $ | (8,997 | ) | $ | (4,856 | ) | $ | (26,301 | ) | $ | (23,729 | ) | $ | (6,067 | ) | ||||||
Accumulated Benefit Obligation | $ | 67,162 | $ | 72,153 | $ | 4,856 | $ | 74,223 | $ | 78,413 | $ | 6,067 | ||||||||||||
Schedule of Amounts Recognized in the Balance Sheet and Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The amounts recognized in consolidated balance sheets and other comprehensive income (loss) for the Company’s defined benefit pension and OPEB plans are as follows (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Domestic | Foreign | OPEB Plans | Domestic | Foreign | OPEB Plans | |||||||||||||||||||
Plans | Plans | Plans | Plans | |||||||||||||||||||||
Balance sheets: | ||||||||||||||||||||||||
Accrued liabilities | $ | — | $ | — | $ | (515 | ) | $ | — | $ | — | $ | (565 | ) | ||||||||||
Other liabilities | (12,660 | ) | (8,997 | ) | (4,341 | ) | (26,301 | ) | (23,729 | ) | (5,502 | ) | ||||||||||||
Total recognized | $ | (12,660 | ) | $ | (8,997 | ) | $ | (4,856 | ) | $ | (26,301 | ) | $ | (23,729 | ) | $ | (6,067 | ) | ||||||
Accumulated other comprehensive income (loss): | ||||||||||||||||||||||||
Net actuarial (gain) loss | $ | (2,137 | ) | $ | 4,883 | $ | (712 | ) | $ | 9,331 | $ | 15,111 | $ | 99 | ||||||||||
Net prior service cost (credit) | 116 | 380 | (51 | ) | 5 | 401 | — | |||||||||||||||||
Total recognized | $ | (2,021 | ) | $ | 5,263 | $ | (763 | ) | $ | 9,336 | $ | 15,512 | $ | 99 | ||||||||||
Schedule of Assumptions Used [Table Text Block] | ' | |||||||||||||||||||||||
The weighted average assumptions used to determine projected benefit obligation for the Company’s pension and OPEB plans are: | ||||||||||||||||||||||||
December 28, 2013 | December 29, 2012 | |||||||||||||||||||||||
Discount rate: | ||||||||||||||||||||||||
Domestic plans | 4.81 | % | 3.97 | % | ||||||||||||||||||||
Foreign plans | 4.78 | % | 4.48 | % | ||||||||||||||||||||
OPEB plans | 4.25 | % | 3.43 | % | ||||||||||||||||||||
Compensation increases: | ||||||||||||||||||||||||
Domestic plans | — | % | — | % | ||||||||||||||||||||
Foreign plans | 3.5 | % | 3.5 | % | ||||||||||||||||||||
The weighted average assumptions used to determine projected net periodic benefit cost for the Company’s pension and OPEB plans are: | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Discount rate: | ||||||||||||||||||||||||
Domestic plans | 3.97 | % | 4.54 | % | 5.31 | % | ||||||||||||||||||
Foreign plans | 4.48 | % | 5.17 | % | 5.4 | % | ||||||||||||||||||
OPEB plans | 3.43 | % | 4.1 | % | 4.75 | % | ||||||||||||||||||
Long-term rate of return on assets: | ||||||||||||||||||||||||
Domestic plans | 7.5 | % | 7.5 | % | 8 | % | ||||||||||||||||||
Foreign plans | 6.25 | % | 6.5 | % | 7 | % | ||||||||||||||||||
Compensation increases: | ||||||||||||||||||||||||
Domestic plans | — | % | — | % | — | % | ||||||||||||||||||
Foreign plans | 3.5 | % | 3.5 | % | 3.5 | % | ||||||||||||||||||
Schedule of Expected Benefit Payments [Table Text Block] | ' | |||||||||||||||||||||||
Estimated future benefit payments are as follows (in thousands): | ||||||||||||||||||||||||
Pension Plans | OPEB Plans | |||||||||||||||||||||||
Domestic | Foreign | Gross | Medicare Prescription Drug Subsidy | |||||||||||||||||||||
Plans | Plans | |||||||||||||||||||||||
2014 | $ | 3,279 | $ | 3,063 | $ | 514 | $ | (33 | ) | |||||||||||||||
2015 | 3,487 | 3,536 | 487 | (32 | ) | |||||||||||||||||||
2016 | 3,579 | 3,595 | 451 | (31 | ) | |||||||||||||||||||
2017 | 3,705 | 3,613 | 422 | (30 | ) | |||||||||||||||||||
2018 | 3,841 | 3,586 | 394 | (30 | ) | |||||||||||||||||||
2019 — 2023 | 21,764 | 21,005 | 1,568 | (126 | ) | |||||||||||||||||||
Foreign Pension Plans, Defined Benefit [Member] | ' | |||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | |||||||||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||||||||||
The fair values of foreign pension plan assets as of December 28, 2013 by asset category are (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Pooled funds | $ | — | $ | 67,085 | $ | — | $ | 67,085 | ||||||||||||||||
Cash | 879 | — | — | 879 | ||||||||||||||||||||
Total | $ | 879 | $ | 67,085 | $ | — | $ | 67,964 | ||||||||||||||||
The fair values of foreign pension plan assets as of December 29, 2012 by asset category are (in thousands): | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Pooled funds | $ | — | $ | 61,562 | $ | — | $ | 61,562 | ||||||||||||||||
Cash | 403 | — | — | 403 | ||||||||||||||||||||
Total | $ | 403 | $ | 61,562 | $ | — | $ | 61,965 | ||||||||||||||||
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | |||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | |||||||||||||||||||||||
Schedule of Allocation of Plan Assets [Table Text Block] | ' | |||||||||||||||||||||||
The fair values of domestic pension plan assets as of December 28, 2013 by asset category are (in thousands): | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Equity securities | $ | 35,089 | $ | — | $ | — | $ | 35,089 | ||||||||||||||||
Mutual funds | — | 8,240 | — | 8,240 | ||||||||||||||||||||
Government securities | — | 9,063 | — | 9,063 | ||||||||||||||||||||
Money funds | — | 2,073 | — | 2,073 | ||||||||||||||||||||
Cash | 37 | — | — | 37 | ||||||||||||||||||||
Total | $ | 35,126 | $ | 19,376 | $ | — | $ | 54,502 | ||||||||||||||||
The fair values of domestic pension plan assets as of December 29, 2012 by asset category are (in thousands): | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Total | |||||||||||||||||||||
Active Markets for | Other | Unobservable | ||||||||||||||||||||||
Identical | Observable | Inputs | ||||||||||||||||||||||
Assets | Inputs | (Level 3) | ||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||
Equity securities | $ | 30,297 | $ | — | $ | — | $ | 30,297 | ||||||||||||||||
Mutual funds | — | 7,057 | — | 7,057 | ||||||||||||||||||||
Government securities | — | 8,612 | — | 8,612 | ||||||||||||||||||||
Money funds | — | 1,923 | — | 1,923 | ||||||||||||||||||||
Cash | 33 | — | — | 33 | ||||||||||||||||||||
Total | $ | 30,330 | $ | 17,592 | $ | — | $ | 47,922 | ||||||||||||||||
Pension Plans, Defined Benefit [Member] | ' | |||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | |||||||||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | |||||||||||||||||||||||
The components of net periodic benefit cost for the Company’s pension benefit plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | |||||||||||||||||||
Plans | Plans | Plans | Plans | Plans | Plans | |||||||||||||||||||
Service cost | $ | 1,033 | $ | 2,785 | $ | 752 | $ | 2,421 | $ | 620 | $ | 2,575 | ||||||||||||
Interest cost | 2,902 | 3,769 | 3,056 | 3,925 | 3,095 | 3,782 | ||||||||||||||||||
Expected return on assets | (3,548 | ) | (3,900 | ) | (3,224 | ) | (3,726 | ) | (3,380 | ) | (3,947 | ) | ||||||||||||
Loss recognized due to settlements | — | 599 | — | — | — | — | ||||||||||||||||||
Amortization of prior service cost | 1 | 20 | — | 21 | — | 21 | ||||||||||||||||||
Amortization of net actuarial loss (gain) | 240 | 508 | 4 | 45 | (12 | ) | — | |||||||||||||||||
Net periodic benefit cost | $ | 628 | $ | 3,781 | $ | 588 | $ | 2,686 | $ | 323 | $ | 2,431 | ||||||||||||
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The components of other comprehensive income (loss) for the Company’s pension benefit plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Domestic | Foreign | Domestic | Foreign | Domestic | Foreign | |||||||||||||||||||
Plans | Plans | Plans | Plans | Plans | Plans | |||||||||||||||||||
Net actuarial (gain) loss | $ | (11,228 | ) | $ | (9,121 | ) | $ | 3,447 | $ | 8,040 | $ | 11,807 | $ | 8,627 | ||||||||||
Prior service cost | 112 | — | 5 | — | — | 443 | ||||||||||||||||||
Loss recognized due to settlements | — | (599 | ) | — | — | — | — | |||||||||||||||||
Amortization of prior service cost | (1 | ) | (20 | ) | — | (21 | ) | — | (21 | ) | ||||||||||||||
Amortization of net actuarial (loss) gain | (240 | ) | (508 | ) | (4 | ) | (45 | ) | 12 | — | ||||||||||||||
Total recognized | $ | (11,357 | ) | $ | (10,248 | ) | $ | 3,448 | $ | 7,974 | $ | 11,819 | $ | 9,049 | ||||||||||
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | |||||||||||||||||||||||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ' | |||||||||||||||||||||||
Schedule of Net Benefit Costs [Table Text Block] | ' | |||||||||||||||||||||||
The components of net periodic benefit cost for the Company’s OPEB Plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Service cost | $ | 12 | $ | 13 | $ | 11 | ||||||||||||||||||
Interest cost | 185 | 233 | 272 | |||||||||||||||||||||
Amortization of prior service cost | — | — | — | |||||||||||||||||||||
Amortization of net actuarial (gain) loss | (8 | ) | 1 | (3 | ) | |||||||||||||||||||
Net periodic benefit cost | $ | 189 | $ | 247 | $ | 280 | ||||||||||||||||||
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | ' | |||||||||||||||||||||||
The components of other comprehensive income (loss) for the Company’s OPEB Plans are as follows (in thousands): | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Net actuarial (gain) loss | $ | (817 | ) | $ | 109 | $ | 96 | |||||||||||||||||
Prior service credit | (51 | ) | — | — | ||||||||||||||||||||
Amortization of prior service cost | — | — | — | |||||||||||||||||||||
Amortization of net actuarial gain (loss) | 8 | (1 | ) | 3 | ||||||||||||||||||||
Total recognized | $ | (860 | ) | $ | 108 | $ | 99 | |||||||||||||||||
Schedule of Health Care Cost Trend Rates [Table Text Block] | ' | |||||||||||||||||||||||
The following table presents health care cost trend rates used to determine net periodic benefit cost for the Company’s OPEB plans, as well as information regarding the ultimate cost trend and the year in which their ultimate rate is reached: | ||||||||||||||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||
December 28, | December 29, | December 31, | ||||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||||||
Assumed health care cost trend rate medical claims | 7 | % | 7.5 | % | 8 | % | ||||||||||||||||||
Ultimate health care cost trend | 5 | % | 5 | % | 5 | % | ||||||||||||||||||
Ultimate year health care cost trend rate is achieved | 2022 | 2018 | 2018 | |||||||||||||||||||||
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block] | ' | |||||||||||||||||||||||
A one-percentage-point increase (decrease) in the assumed health care cost trend rates has the following effects on postretirement obligations at December 28, 2013 (in thousands): | ||||||||||||||||||||||||
1% Increase | 1% Decrease | |||||||||||||||||||||||
Increase (decrease) in accumulated postretirement benefit obligation | $ | 277 | $ | (244 | ) | |||||||||||||||||||
Increase (decrease) in aggregate service and interest cost | 10 | (9 | ) | |||||||||||||||||||||
Lease_Commitments_Tables
Lease Commitments (Tables) | 12 Months Ended | |||
Dec. 28, 2013 | ||||
Leases [Abstract] | ' | |||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | ' | |||
Commitments for future minimum lease payments under non-cancelable operating leases, principally for manufacturing and distribution facilities and certain equipment, are as follows (in thousands): | ||||
2014 | $ | 34,772 | ||
2015 | 25,744 | |||
2016 | 18,809 | |||
2017 | 14,392 | |||
2018 | 10,606 | |||
Thereafter | 11,329 | |||
Total future minimum lease payments | $ | 115,652 | ||
Business_Segments_Tables
Business Segments (Tables) | 12 Months Ended | |||||||||||
Dec. 28, 2013 | ||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||
Revenue from External Customers by Products and Services [Table Text Block] | ' | |||||||||||
The Company is in the business of manufacturing and distributing exterior residential building products. The Company has a single operating segment and a single reportable segment. The Company’s chief operating decision maker is considered to be the Chief Executive Officer. The chief operating decision maker allocates resources and assesses performance of the business and other activities at the single operating segment level. | ||||||||||||
The following table sets forth a summary of net sales by principal product offering (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Vinyl windows | $ | 369,869 | $ | 357,267 | $ | 362,570 | ||||||
Vinyl siding products | 216,872 | 227,374 | 224,388 | |||||||||
Metal products | 166,602 | 174,111 | 178,398 | |||||||||
Third-party manufactured products | 314,408 | 302,966 | 320,852 | |||||||||
Other products and services | 101,847 | 80,803 | 73,307 | |||||||||
$ | 1,169,598 | $ | 1,142,521 | $ | 1,159,515 | |||||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | |||||||||||
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | ' | |||||||||||
The Company operates principally in the United States and Canada. Net sales and long-lived assets by country were determined based on the location of the selling subsidiary as follows (in thousands): | ||||||||||||
Year Ended | Year Ended | Year Ended | ||||||||||
December 28, | December 29, | December 31, | ||||||||||
2013 | 2012 | 2011 | ||||||||||
Net Sales: | ||||||||||||
United States | $ | 950,977 | $ | 904,791 | $ | 911,854 | ||||||
Canada | 218,621 | 237,730 | 247,661 | |||||||||
$ | 1,169,598 | $ | 1,142,521 | $ | 1,159,515 | |||||||
December 28, 2013 | December 29, 2012 | |||||||||||
Long-lived Assets: | ||||||||||||
United States | $ | 66,922 | $ | 69,183 | ||||||||
Canada | 34,023 | 39,269 | ||||||||||
$ | 100,945 | $ | 108,452 | |||||||||
Subsidiary_Guarantors_Tables
Subsidiary Guarantors (Tables) | 12 Months Ended | |||||||||||||||||||||||
Dec. 28, 2013 | ||||||||||||||||||||||||
Subsidiary Guarantors [Abstract] | ' | |||||||||||||||||||||||
Condensed consolidating balance sheet | ' | |||||||||||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 7,320 | $ | — | $ | — | $ | 2,274 | $ | — | $ | 9,594 | ||||||||||||
Accounts receivable, net | 91,556 | — | 9,179 | 20,652 | — | 121,387 | ||||||||||||||||||
Intercompany receivables | 371,236 | — | 56,097 | 1,794 | (429,127 | ) | — | |||||||||||||||||
Inventories | 83,523 | — | 7,359 | 27,083 | — | 117,965 | ||||||||||||||||||
Income taxes receivable | — | — | — | 2,690 | — | 2,690 | ||||||||||||||||||
Deferred income taxes | 5,317 | — | 3,417 | — | — | 8,734 | ||||||||||||||||||
Prepaid expenses and other current assets | 5,025 | — | 784 | 2,962 | — | 8,771 | ||||||||||||||||||
Total current assets | 563,977 | — | 76,836 | 57,455 | (429,127 | ) | 269,141 | |||||||||||||||||
Property, plant and equipment, net | 67,236 | — | 1,947 | 39,269 | — | 108,452 | ||||||||||||||||||
Goodwill | 300,641 | — | 24,650 | 157,322 | — | 482,613 | ||||||||||||||||||
Other intangible assets, net | 399,650 | — | 45,104 | 154,890 | — | 599,644 | ||||||||||||||||||
Investment in subsidiaries | (38,564 | ) | — | (127,136 | ) | — | 165,700 | — | ||||||||||||||||
Intercompany receivable | — | 730,000 | — | — | (730,000 | ) | — | |||||||||||||||||
Other assets | 20,207 | — | 171 | 2,056 | — | 22,434 | ||||||||||||||||||
Total assets | $ | 1,313,147 | $ | 730,000 | $ | 21,572 | $ | 410,992 | $ | (993,427 | ) | $ | 1,482,284 | |||||||||||
LIABILITIES AND MEMBER'S EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Accounts payable | $ | 54,003 | $ | — | $ | 4,826 | $ | 15,482 | $ | — | $ | 74,311 | ||||||||||||
Intercompany payables | 1,794 | — | — | 427,333 | (429,127 | ) | — | |||||||||||||||||
Accrued liabilities | 55,599 | — | 10,173 | 9,525 | — | 75,297 | ||||||||||||||||||
Deferred income taxes | — | — | — | 3,469 | — | 3,469 | ||||||||||||||||||
Income taxes payable | 1,495 | — | 3,053 | 1,149 | — | 5,697 | ||||||||||||||||||
Total current liabilities | 112,891 | — | 18,052 | 456,958 | (429,127 | ) | 158,774 | |||||||||||||||||
Deferred income taxes | 76,968 | — | 17,633 | 36,176 | — | 130,777 | ||||||||||||||||||
Other liabilities | 92,733 | — | 24,451 | 36,289 | — | 153,473 | ||||||||||||||||||
Long-term debt | 799,500 | 730,000 | — | 8,705 | (730,000 | ) | 808,205 | |||||||||||||||||
Member’s equity | 231,055 | — | (38,564 | ) | (127,136 | ) | 165,700 | 231,055 | ||||||||||||||||
Total liabilities and member’s equity | $ | 1,313,147 | $ | 730,000 | $ | 21,572 | $ | 410,992 | $ | (993,427 | ) | $ | 1,482,284 | |||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 7,566 | $ | — | $ | — | $ | 13,249 | $ | — | $ | 20,815 | ||||||||||||
Accounts receivable, net | 96,265 | — | 9,858 | 19,140 | — | 125,263 | ||||||||||||||||||
Intercompany receivables | 374,444 | — | 57,711 | 1,794 | (433,949 | ) | — | |||||||||||||||||
Inventories | 93,175 | — | 10,117 | 30,177 | — | 133,469 | ||||||||||||||||||
Income taxes receivable | — | — | 792 | — | — | 792 | ||||||||||||||||||
Deferred income taxes | 2,451 | — | 2,234 | — | — | 4,685 | ||||||||||||||||||
Prepaid expenses and other current assets | 8,239 | — | 891 | 1,712 | — | 10,842 | ||||||||||||||||||
Total current assets | 582,140 | — | 81,603 | 66,072 | (433,949 | ) | 295,866 | |||||||||||||||||
Property, plant and equipment, net | 65,348 | — | 1,574 | 34,023 | — | 100,945 | ||||||||||||||||||
Goodwill | 300,642 | — | 24,650 | 146,499 | — | 471,791 | ||||||||||||||||||
Other intangible assets, net | 379,740 | — | 44,654 | 138,830 | — | 563,224 | ||||||||||||||||||
Investment in subsidiaries | (37,194 | ) | — | (136,544 | ) | — | 173,738 | — | ||||||||||||||||
Intercompany receivable | — | 835,230 | — | — | (835,230 | ) | — | |||||||||||||||||
Other assets | 22,926 | — | — | 1,867 | — | 24,793 | ||||||||||||||||||
Total assets | $ | 1,313,602 | $ | 835,230 | $ | 15,937 | $ | 387,291 | $ | (1,095,441 | ) | $ | 1,456,619 | |||||||||||
LIABILITIES AND MEMBER'S EQUITY | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Accounts payable | $ | 64,272 | $ | — | $ | 9,531 | $ | 23,171 | $ | — | $ | 96,974 | ||||||||||||
Intercompany payables | 1,794 | — | — | 432,155 | (433,949 | ) | — | |||||||||||||||||
Accrued liabilities | 63,534 | — | 6,392 | 8,256 | — | 78,182 | ||||||||||||||||||
Deferred income taxes | — | — | — | 2,441 | — | 2,441 | ||||||||||||||||||
Income taxes payable | 452 | — | — | 1,687 | — | 2,139 | ||||||||||||||||||
Total current liabilities | 130,052 | — | 15,923 | 467,710 | (433,949 | ) | 179,736 | |||||||||||||||||
Deferred income taxes | 73,862 | — | 16,620 | 35,722 | — | 126,204 | ||||||||||||||||||
Other liabilities | 76,668 | — | 20,588 | 20,403 | — | 117,659 | ||||||||||||||||||
Long-term debt | 835,230 | 835,230 | — | — | (835,230 | ) | 835,230 | |||||||||||||||||
Member’s equity | 197,790 | — | (37,194 | ) | (136,544 | ) | 173,738 | 197,790 | ||||||||||||||||
Total liabilities and member’s equity | $ | 1,313,602 | $ | 835,230 | $ | 15,937 | $ | 387,291 | $ | (1,095,441 | ) | $ | 1,456,619 | |||||||||||
Condensed consolidating statements of operations | ' | |||||||||||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 861,092 | $ | — | $ | 169,610 | $ | 279,464 | $ | (167,645 | ) | $ | 1,142,521 | |||||||||||
Cost of sales | 649,672 | — | 155,262 | 222,328 | (167,645 | ) | 859,617 | |||||||||||||||||
Gross profit | 211,420 | — | 14,348 | 57,136 | — | 282,904 | ||||||||||||||||||
Selling, general and administrative expenses | 184,840 | — | 9,922 | 45,265 | — | 240,027 | ||||||||||||||||||
Income from operations | 26,580 | — | 4,426 | 11,871 | — | 42,877 | ||||||||||||||||||
Interest expense, net | 73,761 | — | — | 1,759 | — | 75,520 | ||||||||||||||||||
Foreign currency loss | — | — | — | 119 | — | 119 | ||||||||||||||||||
(Loss) income before income taxes | (47,181 | ) | — | 4,426 | 9,993 | — | (32,762 | ) | ||||||||||||||||
Income tax (benefit) expense | (9,828 | ) | — | 12,120 | 3,313 | — | 5,605 | |||||||||||||||||
(Loss) income before equity (loss) income from subsidiaries | (37,353 | ) | — | (7,694 | ) | 6,680 | — | (38,367 | ) | |||||||||||||||
Equity (loss) income from subsidiaries | (1,014 | ) | — | 6,680 | — | (5,666 | ) | — | ||||||||||||||||
Net (loss) income | $ | (38,367 | ) | $ | — | $ | (1,014 | ) | $ | 6,680 | $ | (5,666 | ) | $ | (38,367 | ) | ||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | (9,446 | ) | — | (6,481 | ) | (5,909 | ) | 12,390 | (9,446 | ) | ||||||||||||||
Foreign currency translation adjustments, net of tax | 8,228 | — | 8,228 | 8,228 | (16,456 | ) | 8,228 | |||||||||||||||||
Total comprehensive (loss) income | $ | (39,585 | ) | $ | — | $ | 733 | $ | 8,999 | $ | (9,732 | ) | $ | (39,585 | ) | |||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 31, 2011 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 865,247 | $ | — | $ | 159,846 | $ | 291,588 | $ | (157,166 | ) | $ | 1,159,515 | |||||||||||
Cost of sales | 674,764 | — | 153,540 | 223,195 | (157,166 | ) | 894,333 | |||||||||||||||||
Gross profit | 190,483 | — | 6,306 | 68,393 | — | 265,182 | ||||||||||||||||||
Selling, general and administrative expenses | 197,357 | — | 5,877 | 44,044 | — | 247,278 | ||||||||||||||||||
Impairment of goodwill | 52,791 | — | 5,293 | 26,169 | — | 84,253 | ||||||||||||||||||
Impairment of other intangible assets | 56,900 | — | 6,153 | 16,841 | — | 79,894 | ||||||||||||||||||
Merger transaction costs | 513 | — | — | 72 | — | 585 | ||||||||||||||||||
Manufacturing restructuring costs | 228 | — | — | — | — | 228 | ||||||||||||||||||
Loss from operations | (117,306 | ) | — | (11,017 | ) | (18,733 | ) | — | (147,056 | ) | ||||||||||||||
Interest expense, net | 73,877 | — | — | 1,852 | — | 75,729 | ||||||||||||||||||
Foreign currency loss | — | — | — | 438 | — | 438 | ||||||||||||||||||
Loss before income taxes | (191,183 | ) | — | (11,017 | ) | (21,023 | ) | — | (223,223 | ) | ||||||||||||||
Income tax (benefit) expense | (18,641 | ) | — | (2,145 | ) | 352 | — | (20,434 | ) | |||||||||||||||
Loss before equity (loss) income from subsidiaries | (172,542 | ) | — | (8,872 | ) | (21,375 | ) | — | (202,789 | ) | ||||||||||||||
Equity (loss) income from subsidiaries | (30,247 | ) | — | (21,375 | ) | — | 51,622 | — | ||||||||||||||||
Net (loss) income | $ | (202,789 | ) | $ | — | $ | (30,247 | ) | $ | (21,375 | ) | $ | 51,622 | $ | (202,789 | ) | ||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | (18,640 | ) | — | (8,723 | ) | (6,719 | ) | 15,442 | (18,640 | ) | ||||||||||||||
Foreign currency translation adjustments, net of tax | (7,374 | ) | — | (7,374 | ) | (7,374 | ) | 14,748 | (7,374 | ) | ||||||||||||||
Total comprehensive (loss) income | $ | (228,803 | ) | $ | — | $ | (46,344 | ) | $ | (35,468 | ) | $ | 81,812 | $ | (228,803 | ) | ||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) | ||||||||||||||||||||||||
For The Year Ended December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Reclassification/ | Consolidated | |||||||||||||||||||
Guarantors | Subsidiaries | Eliminations | ||||||||||||||||||||||
Net sales | $ | 900,422 | $ | — | $ | 166,302 | $ | 263,604 | $ | (160,730 | ) | $ | 1,169,598 | |||||||||||
Cost of sales | 687,015 | — | 150,647 | 210,866 | (160,730 | ) | 887,798 | |||||||||||||||||
Gross profit | 213,407 | — | 15,655 | 52,738 | — | 281,800 | ||||||||||||||||||
Selling, general and administrative expenses | 183,250 | — | 5,281 | 43,750 | — | 232,281 | ||||||||||||||||||
Income from operations | 30,157 | — | 10,374 | 8,988 | — | 49,519 | ||||||||||||||||||
Interest expense, net | 77,681 | — | — | 2,070 | — | 79,751 | ||||||||||||||||||
Foreign currency loss | — | — | — | 754 | — | 754 | ||||||||||||||||||
(Loss) income before income taxes | (47,524 | ) | — | 10,374 | 6,164 | — | (30,986 | ) | ||||||||||||||||
Income tax (benefit) expense | (1,882 | ) | — | 1,668 | 2,721 | — | 2,507 | |||||||||||||||||
(Loss) income before equity income (loss) from subsidiaries | (45,642 | ) | — | 8,706 | 3,443 | — | (33,493 | ) | ||||||||||||||||
Equity income (loss) from subsidiaries | 12,149 | — | 3,443 | — | (15,592 | ) | — | |||||||||||||||||
Net (loss) income | $ | (33,493 | ) | $ | — | $ | 12,149 | $ | 3,443 | $ | (15,592 | ) | $ | (33,493 | ) | |||||||||
Other comprehensive income (loss): | ||||||||||||||||||||||||
Pension and other postretirement benefit adjustments, net of tax | 19,774 | — | 9,666 | 7,594 | (17,260 | ) | 19,774 | |||||||||||||||||
Foreign currency translation adjustments, net of tax | (20,443 | ) | — | (20,443 | ) | (20,443 | ) | 40,886 | (20,443 | ) | ||||||||||||||
Total comprehensive (loss) income | $ | (34,162 | ) | $ | — | $ | 1,372 | $ | (9,406 | ) | $ | 8,034 | $ | (34,162 | ) | |||||||||
Condensed consolidating statements of cash flows | ' | |||||||||||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 29, 2012 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (7,641 | ) | $ | — | $ | 2,724 | $ | 4,328 | $ | (589 | ) | ||||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Capital expenditures | (4,335 | ) | — | (68 | ) | (968 | ) | (5,371 | ) | |||||||||||||||
Proceeds from the sale of assets | 90 | — | 1 | 3 | 94 | |||||||||||||||||||
Net cash used in investing activities | (4,245 | ) | — | (67 | ) | (965 | ) | (5,277 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 116,100 | — | — | 92,371 | 208,471 | |||||||||||||||||||
Payments under ABL facilities | (117,600 | ) | — | — | (86,571 | ) | (204,171 | ) | ||||||||||||||||
Intercompany transactions | 12,980 | — | (58,446 | ) | 45,466 | — | ||||||||||||||||||
Dividends paid | — | — | 55,789 | (55,789 | ) | — | ||||||||||||||||||
Equity contribution from parent | 80 | — | — | — | 80 | |||||||||||||||||||
Financing costs | (209 | ) | — | — | (16 | ) | (225 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 11,351 | — | (2,657 | ) | (4,539 | ) | 4,155 | |||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (69 | ) | (69 | ) | |||||||||||||||||
Decrease in cash and cash equivalents | (535 | ) | — | — | (1,245 | ) | (1,780 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of year | 7,855 | — | — | 3,519 | 11,374 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,320 | $ | — | $ | — | $ | 2,274 | $ | 9,594 | ||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 31, 2011 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (19,728 | ) | $ | — | $ | (13,830 | ) | $ | 31,553 | $ | (2,005 | ) | |||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Supply center acquisition | (1,550 | ) | — | — | — | (1,550 | ) | |||||||||||||||||
Capital expenditures | (12,268 | ) | — | (40 | ) | (3,139 | ) | (15,447 | ) | |||||||||||||||
Proceeds from sale of assets | 494 | — | — | — | 494 | |||||||||||||||||||
Net cash used in investing activities | (13,324 | ) | — | (40 | ) | (3,139 | ) | (16,503 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 307,100 | — | — | 148,049 | 455,149 | |||||||||||||||||||
Payments under ABL facilities | (294,100 | ) | — | — | (145,049 | ) | (439,149 | ) | ||||||||||||||||
Equity contribution from parent | 300 | — | — | — | 300 | |||||||||||||||||||
Financing costs | (398 | ) | — | — | — | (398 | ) | |||||||||||||||||
Intercompany transactions | 22,094 | — | 13,870 | (35,964 | ) | — | ||||||||||||||||||
Net cash provided by (used in) financing activities | 34,996 | — | 13,870 | (32,964 | ) | 15,902 | ||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | 191 | 191 | |||||||||||||||||||
Increase (decrease) in cash and cash equivalents | 1,944 | — | — | (4,359 | ) | (2,415 | ) | |||||||||||||||||
Cash and cash equivalents at beginning of year | 5,911 | — | — | 7,878 | 13,789 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,855 | $ | — | $ | — | $ | 3,519 | $ | 11,374 | ||||||||||||||
ASSOCIATED MATERIALS, LLC AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For The Year Ended December 28, 2013 | ||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||
Company | Co-Issuer | Subsidiary | Non-Guarantor | Consolidated | ||||||||||||||||||||
Guarantors | Subsidiaries | |||||||||||||||||||||||
Net cash (used in) provided by operating activities | $ | (12,204 | ) | $ | — | $ | 56 | $ | 12,401 | $ | 253 | |||||||||||||
INVESTING ACTIVITIES | ||||||||||||||||||||||||
Supply center acquisition | (348 | ) | — | — | — | (348 | ) | |||||||||||||||||
Capital expenditures | (10,926 | ) | — | (56 | ) | (720 | ) | (11,702 | ) | |||||||||||||||
Proceeds from the sale of assets | 56 | — | — | 4 | 60 | |||||||||||||||||||
Net cash used in investing activities | (11,218 | ) | — | (56 | ) | (716 | ) | (11,990 | ) | |||||||||||||||
FINANCING ACTIVITIES | ||||||||||||||||||||||||
Borrowings under ABL facilities | 99,891 | — | — | 48,970 | 148,861 | |||||||||||||||||||
Payments under ABL facilities | (169,391 | ) | — | — | (57,470 | ) | (226,861 | ) | ||||||||||||||||
Intercompany transactions | (8,500 | ) | — | — | 8,500 | — | ||||||||||||||||||
Equity contribution from parent | 742 | — | — | — | 742 | |||||||||||||||||||
Issuance of senior notes | 106,000 | — | — | — | 106,000 | |||||||||||||||||||
Financing costs | (5,074 | ) | — | — | (475 | ) | (5,549 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 23,668 | — | — | (475 | ) | 23,193 | ||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | — | (235 | ) | (235 | ) | |||||||||||||||||
Increase in cash and cash equivalents | 246 | — | — | 10,975 | 11,221 | |||||||||||||||||||
Cash and cash equivalents at beginning of year | 7,320 | — | — | 2,274 | 9,594 | |||||||||||||||||||
Cash and cash equivalents at end of year | $ | 7,566 | $ | — | $ | — | $ | 13,249 | $ | 20,815 | ||||||||||||||
Accounting_Policies_Details
Accounting Policies (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
facilities | |||
supply_centers | |||
distributors | |||
Accounting Policies Textual [Line Items] | ' | ' | ' |
Manufacturing Facilities | 11 | ' | ' |
Contractor customers | 50,000 | ' | ' |
Company Owned Supply Centers | 124 | ' | ' |
Entity-Wide Revenue, Major Customer, Percentage | 13.00% | 13.00% | 13.00% |
Independent distributors | 275 | ' | ' |
Customer Rewards Program Costs | $3.80 | $4.50 | $6.20 |
Shipping, Handling and Transportation Costs | 30.8 | 31.9 | 32.1 |
Marketing and Advertising Expense | 8.8 | 11 | 12.3 |
Research and Development Expense | $4 | $0 | $0 |
Hellman & Friedman LLC Affiliated Investment Funds [Member] | ' | ' | ' |
Accounting Policies Textual [Line Items] | ' | ' | ' |
Percentage of Stock Held by Affiliate | 97.00% | ' | ' |
Building and Building Improvements [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '20 years | ' | ' |
Building and Building Improvements [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '30 years | ' | ' |
Machinery and Equipment [Member] | Minimum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '3 years | ' | ' |
Machinery and Equipment [Member] | Maximum [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property, Plant and Equipment, Useful Life | '15 years | ' | ' |
Accounting_Policies_Lease_Obli
Accounting Policies Lease Obligations (Details) (USD $) | 12 Months Ended | |
In Millions, unless otherwise specified | Dec. 31, 2011 | Dec. 28, 2013 |
Accounting Policies Textual [Line Items] | ' | ' |
Operating Lease Asset, Fair Value Adjustment | $0.80 | ' |
Operating Lease Liability, Fair Value Adjustment | 5 | ' |
Operating Lease Asset, Fair Value Adjustment Unamortized Balance | ' | 0.2 |
Operating Lease Liabilities, Fair Value Adjustment Unamortized Balance | ' | $3 |
Related_Parties_Details
Related Parties (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 29, 2012 | Dec. 28, 2013 | Dec. 28, 2013 |
AlixPartners, LLP [Member] | Chief Executive Officer [Member] | Chief Financial Officer [Member] | |
Related Party Transaction [Line Items] | ' | ' | ' |
Related Party Transaction, Purchases from Related Party | $0.50 | ' | ' |
Payments to Acquire Residence under Relocation Agreement | ' | 1.2 | 0.5 |
Other Labor-related Expenses | ' | $0.80 | $0.10 |
Allowance_for_Doubtful_Account2
Allowance for Doubtful Accounts (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ' | ' | ' |
Provision for losses | $1,122 | $2,420 | $3,114 |
Allowance for Doubtful Accounts, Current [Member] | ' | ' | ' |
Allowance for Doubtful Accounts, Classification [Abstract] | ' | ' | ' |
Current portion allowance for doubtful accounts | 3,198 | 3,737 | ' |
Allowance for Doubtful Accounts, Noncurrent [Member] | ' | ' | ' |
Allowance for Doubtful Accounts, Classification [Abstract] | ' | ' | ' |
Long-term portion allowance for doubtful accounts | 5,494 | 5,434 | ' |
Allowance for Doubtful Accounts [Member] | ' | ' | ' |
Allowance for Doubtful Accounts Receivable [Roll Forward] | ' | ' | ' |
Balance at beginning of period | 9,171 | 7,823 | 9,203 |
Provision for losses | 1,122 | 2,420 | 3,114 |
Losses sustained (net of recoveries) | -1,601 | -1,072 | -4,494 |
Balance at end of period | 8,692 | 9,171 | 7,823 |
Allowance for Doubtful Accounts, Classification [Abstract] | ' | ' | ' |
Allowance for doubtful accounts receivable | $8,692 | $9,171 | $7,823 |
Inventories_Details
Inventories (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Schedule of Inventory [Line Items] | ' | ' |
Raw materials | $32,129 | $26,749 |
Work-in-progress | 9,356 | 11,589 |
Finished goods | 91,984 | 79,627 |
Inventory, net | $133,469 | $117,965 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Depreciation [Abstract] | ' | ' | ' |
Depreciation expense | $17,000,000 | $23,200,000 | $23,600,000 |
Construction in progress expenditures incurred but not yet paid | 600,000 | ' | ' |
Property, Plant and Equipment [Abstract] | ' | ' | ' |
Land | 14,487,000 | 15,315,000 | ' |
Buildings | 40,090,000 | 40,871,000 | ' |
Machinery and equipment | 107,983,000 | 105,708,000 | ' |
Construction in process | 7,725,000 | 642,000 | ' |
Property, plant and equipment, gross | 170,285,000 | 162,536,000 | ' |
Less accumulated depreciation | 69,340,000 | 54,084,000 | ' |
Property, plant and equipment, net | $100,945,000 | $108,452,000 | ' |
Changes_in_Goodwill_Details
Changes in Goodwill (Details) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 |
Goodwill [Rollforward] | ' | ' |
Balance at beginning of period | $482,613 | $478,912 |
Foreign currency translation | -10,822 | 3,701 |
Balance at end of period | $471,791 | $482,613 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets Intangible Assets (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Finite-Lived Intangible Assets, Gross | $327,300 | $331,592 |
Finite-Lived Intangible Assets, Accumulated Amortization | 82,885 | 57,902 |
Finite-Lived Intangible Assets, Net | 244,415 | 273,690 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' |
Intangible Assets, Gross (Excluding Goodwill) | 646,109 | 657,546 |
Intangible Assets, Accumulated Amortization (Excluding Goodwill) | 82,885 | 57,902 |
Intangible Assets, Net (Excluding Goodwill) | 563,224 | 599,644 |
Amortized customer bases | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Finite-Lived Intangible Assets, Gross | 327,280 | 331,582 |
Finite-Lived Intangible Assets, Accumulated Amortization | 82,874 | 57,897 |
Finite-Lived Intangible Assets, Net | 244,406 | 273,685 |
Amortized non-compete agreements | ' | ' |
Finite-Lived Intangible Assets, Net [Abstract] | ' | ' |
Finite-Lived Intangible Assets, Gross | 20 | 10 |
Finite-Lived Intangible Assets, Accumulated Amortization | 11 | 5 |
Finite-Lived Intangible Assets, Net | 9 | 5 |
Non-amortized trade names | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract] | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) | $318,809 | $325,954 |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Textual) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
Dec. 31, 2011 | Oct. 01, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | ' | ' | $26,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Two | ' | ' | 26,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Three | ' | ' | 26,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Four | ' | ' | 26,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, Year Five | ' | ' | 26,000,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, after Year Five | ' | ' | 26,000,000 | ' | ' |
Goodwill and Other Intangible Assets Textual [Line Items] | ' | ' | ' | ' | ' |
Goodwill, Impaired, Accumulated Impairment Loss | ' | ' | 84,300,000 | 84,253,000 | ' |
Impairment of goodwill | ' | ' | 0 | 0 | -84,253,000 |
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | 7,700,000 | 72,200,000 | 0 | 0 | 79,894,000 |
Amortization of Intangible Assets | ' | ' | $26,000,000 | $26,225,000 | $26,200,000 |
Customer Lists [Member] | ' | ' | ' | ' | ' |
Goodwill and Other Intangible Assets Textual [Line Items] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '13 years | ' | ' |
Amortized non-compete agreements | ' | ' | ' | ' | ' |
Goodwill and Other Intangible Assets Textual [Line Items] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '3 years | ' | ' |
Accrued_and_Other_Liabilities_1
Accrued and Other Liabilities (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Other Liabilities, Current [Abstract] | ' | ' |
Employee compensation | $14,621 | $15,586 |
Sales promotions and incentives | 20,954 | 16,852 |
Warranty reserves | 9,371 | 9,368 |
Employee benefits | 7,273 | 7,918 |
Interest | 12,905 | 11,682 |
Taxes other than income taxes | 2,994 | 3,255 |
Other | 10,064 | 10,636 |
Other liabilities, current | 78,182 | 75,297 |
Other Liabilities, Noncurrent [Abstract] | ' | ' |
Pensions and other postretirement plans | 25,998 | 55,532 |
Warranty reserves | 83,836 | 88,103 |
Other | 7,825 | 9,838 |
Other liabilities, noncurrent | $117,659 | $153,473 |
Manufacturing_Restructuring_Co2
Manufacturing Restructuring Costs (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 02, 2010 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Addtions | $0 | $0 | $228 | ' |
Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | 3,387 | 4,086 | 4,583 | ' |
Addtions | 0 | 0 | 228 | 5,300 |
Accrection expense, lease obligation | 516 | 545 | 498 | ' |
Payments | -1,131 | -1,244 | -1,223 | ' |
Balance at end of period | $2,772 | $3,387 | $4,086 | ' |
Manufacturing_Restructuring_Co3
Manufacturing Restructuring Costs (Textual) (Details) (USD $) | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 02, 2010 |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Manufacturing restructuring costs | $0 | $0 | $228 | ' |
Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Manufacturing restructuring costs | $0 | $0 | $228 | $5,300 |
Product_Warranty_Costs_Details
Product Warranty Costs (Details) (USD $) | 12 Months Ended | |||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Oct. 12, 2010 | |
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward] | ' | ' | ' | ' |
Balance at beginning of period | $97,471,000 | $101,163,000 | $94,712,000 | ' |
Provision for warranties issued and changes in estimates for pre-existing warranties | 4,040,000 | 4,098,000 | 14,661,000 | ' |
Claims paid | -7,383,000 | -8,133,000 | -7,823,000 | ' |
Foreign currency translation | -921,000 | 343,000 | -387,000 | ' |
Balance at end of period | 93,207,000 | 97,471,000 | 101,163,000 | ' |
Product Warranty Accrual, Fair Value Adjustment, Net of Amortization | $7,100,000 | ' | ' | $9,500,000 |
Executive_Officers_Separation_1
Executive Officers' Separation and Hiring Costs - (Details) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Seperation and Hiring Costs [Line Items] | ' | ' | ' |
Supplemental Unemployment Benefits, Severance Benefits | $0.40 | ' | ' |
Employee Speration and Hiring, Payment Completion | '2014 | ' | ' |
General and administrative expense | ' | ' | ' |
Seperation and Hiring Costs [Line Items] | ' | ' | ' |
Separation and hiring costs recorded | $1.40 | $3.40 | $6.70 |
LongTerm_Debt_Details
Long-Term Debt - (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ' | ' |
Long-term debt | $835,230 | $808,205 |
Line of Credit [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Borrowings under the ABL facilities | 0 | 78,205 |
9.125% notes | Senior Notes [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
9.125% notes | $835,230 | $730,000 |
Senior_Secured_Notes_Details
Senior Secured Notes (Details) (USD $) | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Oct. 12, 2010 | Dec. 28, 2013 | 1-May-13 | Oct. 31, 2010 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 |
Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Line of Credit [Member] | Tranche B [Member] | ||
9.125% notes | 9.125% notes | 9.125% notes | New 9.125% Secured Senior Notes [Member] | New 9.125% Secured Senior Notes [Member] | Original 9.125% Secured Senior Notes [Member] | 12-month Period Commencing on November 1, 2013 [Member] | 12-month Period Commencing on November 1, 2014 [Member] | 12-month Period Commencing on November 1, 2015 [Member] | 12-month Period Commencing on November 1, 2016 [Member] | Line of Credit [Member] | |||
9.125% notes | 9.125% notes | 9.125% notes | 9.125% notes | ||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, increase (decrease) In borrowing capacity, net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $12,000,000 |
Write off of deferred debt issuance cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' |
Debt instrument, face amount | ' | 830,000,000 | ' | 730,000,000 | ' | 100,000,000 | 730,000,000 | ' | ' | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | 9.13% | ' | 9.13% | ' | 9.13% | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Effective Percentage | 7.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, unamortized discount (premium), net | ' | ' | ' | ' | 5,200,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Notes sold at as a percentage of principle amount | ' | ' | ' | ' | ' | 106.00% | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, fair value | ' | 891,200,000 | 742,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes payable, noncurrent | ' | 835,230,000 | 730,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, collateral, minimum value of fixed assets that guarantee debt obligation | ' | $5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, maximum amount of equity interest in domestic subsidiaries that guarantee debt obligation | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instruments, maximum amount of equity interest in foreign subsidiaries that guarantee debt obligation | ' | 65.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price in percentage | ' | ' | ' | ' | ' | ' | ' | 106.84% | 104.56% | 102.28% | 100.00% | ' | ' |
Debt instrument, redemption price In percentage due to change In control | ' | 101.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
ABL_Facilities_Details
ABL Facilities (Details) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||||
Dec. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Oct. 12, 2010 | Dec. 28, 2013 | Oct. 12, 2010 | Apr. 26, 2012 | Apr. 26, 2012 | Dec. 28, 2013 | Oct. 12, 2010 | Apr. 26, 2012 | Apr. 26, 2012 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 28, 2013 | |
Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | US facility | US facility | US facility | US facility | Canadian facility | Canadian facility | Canadian facility | Canadian facility | LIBOR | CDOR | CDOR | One-month LIBOR | US prime rate | 30 Day CDOR | Canadian primate rate | Canadian primate rate | Federal Funds Effective Rate | ||
Tranche B [Member] | Tranche A [Member] | Tranche B [Member] | Tranche A [Member] | US facility | US facility | Canadian facility | US facility | US facility | Canadian facility | Canadian facility | Canadian facility | US facility | |||||||||
Line of Credit Facility [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, maximum borrowing capacity | ' | $213,000,000 | ' | $225,000,000 | ' | $150,000,000 | $8,500,000 | $141,500,000 | ' | $75,000,000 | $3,500,000 | $71,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, covenant minimum availability as percentage of borrowing base | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, covenant minimum availability, amount | ' | 20,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, description of variable rate basis | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'LIBOR | ' | 'CDOR | 'one-month LIBOR rate | 'prime rate | '30-day CDOR Rate | 'Canadian prime rate | ' | 'Federal Funds Effective Rate |
Debt instrument, additional basis rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | 0.50% |
Debt instrument, basis spread on variable rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | ' | ' | ' | ' | ' | 0.75% | ' |
Debt Instrument, Interest Rate Margin Pricing Increments | '25 basis point | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, commitment fee percentage | ' | 0.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, amount outstanding | ' | 0 | 78,205,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letters of credit outstanding, amount | 11,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, remaining borrowing capacity | ' | $157,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of credit facility, interest rate at period end | ' | ' | ' | ' | 4.00% | ' | ' | ' | 3.90% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Income Before Income Tax, Domestic and Foreign [Line Items] | ' | ' | ' |
Loss before income taxes | ($30,986) | ($32,762) | ($223,223) |
Domestic Tax Authority [Member] | ' | ' | ' |
Income Before Income Tax, Domestic and Foreign [Line Items] | ' | ' | ' |
U.S. entities | -37,150 | -42,755 | -202,200 |
Foreign Tax Authority [Member] | ' | ' | ' |
Income Before Income Tax, Domestic and Foreign [Line Items] | ' | ' | ' |
Canadian subsidiary | $6,164 | $9,993 | ($21,023) |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Current: | ' | ' | ' |
Federal | ($802) | ($107) | $1,462 |
State | 657 | 328 | 844 |
Foreign | 4,155 | 7,445 | 9,876 |
Current Income Tax Expense (Benefit) | 4,010 | 7,666 | 12,182 |
Deferred: | ' | ' | ' |
Federal | 397 | -240 | -18,434 |
State | -467 | -478 | -4,658 |
Foreign | -1,433 | -1,343 | -9,524 |
Deferred Income Tax Expense (Benefit) | -1,503 | -2,061 | -32,616 |
Income Tax Expense (Benefit) | $2,507 | $5,605 | ($20,434) |
Income_Taxes_Details_3
Income Taxes (Details 3) (Deferred Tax Asset [Domain], USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Deferred Tax Asset [Domain] | ' | ' |
Deferred Tax Assets, Net [Abstract] | ' | ' |
Medical benefits | $1,642 | $2,085 |
Allowance for doubtful accounts | 3,420 | 3,556 |
Penson and other postretirement plans | 7,413 | 16,561 |
Inventory costs | 1,885 | 1,111 |
Warranty costs | 34,611 | 36,167 |
Net operating Loss carryforwards | 133,783 | 128,789 |
Foreign tax credit carryforwards | 4,455 | 4,455 |
Accrued expenses and other | 11,518 | 16,060 |
Total deferred income tax assets | 198,727 | 208,784 |
Valuation allowance | -74,075 | -69,904 |
Net deferred income tax assets | 124,652 | 138,880 |
Deferred Tax Liabilities, Gross [Abstract] | ' | ' |
Depreciation | 19,151 | 22,325 |
Intangible assets | 200,481 | 213,071 |
Tax liability on unremitted foreign earnings | 1,868 | 0 |
Gain on debt extinguishment | 22,241 | 22,321 |
Other | 4,871 | 6,675 |
Total deferred income tax liabilities | 248,612 | 264,392 |
Net deferred income tax liabilities | ($123,960) | ($125,512) |
Income_Taxes_Details_4
Income Taxes (Details 4) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Effective Income Tax Rate Reconciliation [Line Items] | ' | ' | ' |
Statutory rate | -35.00% | -35.00% | -35.00% |
State income tax, net of federal income tax benefit | -2.80% | -0.30% | -2.30% |
Tax liability on remitted and unremitted foreign earnings | 16.90% | 12.40% | 0.20% |
Goodwill impairment | 0.00% | 0.00% | 12.40% |
Foreign rate differential | -1.80% | -2.80% | 0.70% |
Valuation allowance | 28.60% | 32.70% | 10.70% |
Foreign tax credit and withholding taxes | 0.80% | 7.30% | 1.80% |
Prior year assessment | 2.80% | 0.00% | 0.00% |
Other | -1.40% | 2.80% | 2.30% |
Effective rate | 8.10% | 17.10% | -9.20% |
Income_Taxes_Details_5
Income Taxes (Details 5) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Unrecognized Tax Benefits Roll Forward [Line Items] | ' | ' | ' |
Unrecognized tax benefits, beginning of year | $7,146 | $7,860 | $4,465 |
Gross increases for tax positions of prior years | 0 | 707 | 3,594 |
Gross increases for tax positions of the current year | 147 | 81 | 0 |
Gross decreases for tax positions of prior years | -253 | -142 | -177 |
Settlements | 0 | -1,360 | -22 |
Unrecognized tax benefits, end of year | $7,040 | $7,146 | $7,860 |
Income_Taxes_Textual_Details
Income Taxes (Textual) (Details) (USD $) | 12 Months Ended | |
Dec. 28, 2013 | Dec. 29, 2012 | |
Income Tax Textual [Line Items] | ' | ' |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $100,000 | ' |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | 1,200,000 | ' |
Domestic Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards | 341,200,000 | ' |
Deferred Tax Assets, Gross | 170,700,000 | ' |
Deferred Tax Assets, Valuation Allowance | 63,200,000 | ' |
Valuation Allowance, Deferred Tax Asset, Change in Amount | 4,200,000 | ' |
Valuation Allowances and Reserves, Charged to Cost and Expense | 8,900,000 | ' |
Tax Adjustments, Settlements, and Unusual Provisions | ' | 1,300,000 |
Foreign Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 4,500,000 | ' |
Tax Credit Carryforward, Expiration Date | 1-Jan-17 | ' |
Deferred Tax Assets, Gross | 5,700,000 | ' |
State and Local Jurisdiction [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Deferred Tax Assets, Operating Loss Carryforwards, State and Local | 17,000,000 | ' |
Deferred Tax Assets, Gross | 22,300,000 | ' |
Deferred Tax Assets, Valuation Allowance | 10,900,000 | ' |
Deferred Tax Asset [Domain] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Deferred Tax Assets, Tax Credit Carryforwards, Foreign | 4,455,000 | 4,455,000 |
Deferred Tax Assets, Gross | 198,727,000 | 208,784,000 |
Deferred Tax Assets, Net of Valuation Allowance | 124,652,000 | 138,880,000 |
Deferred Tax Assets, Valuation Allowance | 74,075,000 | 69,904,000 |
Minimum [Member] | Domestic Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2008 | ' |
Minimum [Member] | Foreign Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2009 | ' |
Minimum [Member] | State and Local Jurisdiction [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2006 | ' |
Maximum [Member] | Domestic Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2012 | ' |
Maximum [Member] | Foreign Tax Authority [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2012 | ' |
Maximum [Member] | State and Local Jurisdiction [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Open Tax Year | '2012 | ' |
AMH Investment Holdings Corp [Member] | ' | ' |
Income Tax Textual [Line Items] | ' | ' |
Amounts due to or payable from AMH Investment Holdings Corp. related to the tax sharing agreement. | $0 | $0 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | $138 | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax [Roll Forward] | ' | ' | ' |
Balance at the beginning of the period | -23,287 | ' | ' |
Other Comprehensive (Income) Loss before reclassifications | 19,151 | ' | ' |
Amounts reclassified from accumulated other comprehensive income (loss) | 623 | ' | ' |
Balance at the end of the period | -3,513 | -23,287 | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax [Roll Forward] | ' | ' | ' |
Balance at the beginning of the period | 6,040 | ' | ' |
Other Comprehensive income (loss) before reclassifications | -20,443 | 8,228 | -7,374 |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | ' | ' |
Balance at the end of the period | -14,403 | 6,040 | ' |
Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ' | ' | ' |
Balance at the beginning of the period | -17,247 | ' | ' |
Other Comprehensive Income (Loss) before reclassifications | -1,292 | ' | ' |
Amounts reclassfied from accumulated other comprehensive income (loss) | 623 | ' | ' |
Balance at the end of the period | -17,916 | -17,247 | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Parenthetical Disclosures [Abstract] | ' | ' | ' |
Other comprehensive income (loss) before reclassifications, net of tax of $2,553 | 2,553 | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | 138 | ' | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' |
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax | -21 | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax | -740 | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax [Abstract] | -761 | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | -138 | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax | -623 | ' | ' |
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Parenthetical Disclosures [Abstract] | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive loss, net of tax of $138 | ($138) | ' | ' |
Stock_Plans_Stock_Plans_Detail
Stock Plans Stock Plans (Details) (USD $) | 12 Months Ended | ||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | ' | ' | ' |
Options outstanding December 29, 2012 | 4,511,670 | ' | ' |
Granted | 685,083 | ' | ' |
Exercised | 0 | ' | ' |
Forfeited | -361,315 | ' | ' |
Options outstanding December 28, 2013 | 4,835,438 | 4,511,670 | ' |
Options exercisable December 28, 2013 | 1,629,199 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' |
Options outstanding December 29, 2012 | $11.30 | ' | ' |
Granted | $6.04 | ' | ' |
Exercised | $0 | ' | ' |
Forfeited | $11.74 | ' | ' |
Options outstanding December 28, 2013 | $10.52 | $11.30 | ' |
Options exercisable December 28, 2013 | $12 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] | ' | ' | ' |
Options outstanding December 28, 2013 | '7 years 10 months 13 days | ' | ' |
Options exercisable December 28, 2013 | '7 years 5 months 16 days | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward] | ' | ' | ' |
Nonvested at December 29, 2012 | 27,000 | ' | ' |
Granted | 88,000 | ' | ' |
Vested | -29,400 | ' | ' |
Forfeited | 0 | ' | ' |
Nonvested at December 28, 2013 | 85,600 | 27,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' |
Nonvested at December 29, 2012 | $4.25 | ' | ' |
Granted | $4.25 | $4.25 | ' |
Vested | $4.25 | ' | ' |
Forfeited | $0 | ' | ' |
Nonvested at December 28, 2013 | $4.25 | $4.25 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract] | ' | ' | ' |
Dividend yield | 0.00% | 0.00% | 0.00% |
Annual risk-free rate | 1.99% | 1.69% | 1.92% |
Expected life of options (years) | '7 years 2 months 8 days | '8 years 3 months 8 days | '8 years 6 months 24 days |
Volatility | 52.30% | 51.00% | 54.80% |
Weighted average fair value of options granted per share | $2.58 | $1.74 | $2.51 |
Stock_Plans_Stock_Plans_Textua
Stock Plans Stock Plans (Textual) (Details) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Oct. 12, 2010 | Oct. 01, 2011 | Jul. 02, 2011 | Dec. 28, 2013 | Dec. 28, 2013 | |
Stock Options [Member] | Stock Options [Member] | Time-based Options [Member] | Performance Shares [Member] | |||||
Stock Plans Textual [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | ' | ' | ' | 6,150,076 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Annual Percentage of Vesting | ' | ' | ' | ' | ' | ' | 20.00% | 20.00% |
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Number of Shares Affected | ' | ' | ' | ' | 2,400,000 | 500,000 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Number of Employees Affected | ' | ' | ' | ' | 43 | 8 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Modification Plan, Weighted Average Exercise Price Prior to Modification | ' | ' | ' | ' | $19.25 | $10 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Modification Plan, Average Remaining Contractual Life | ' | ' | ' | ' | '9 years 3 months 20 days | '9 years 3 months 20 days | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost | ' | ' | ' | ' | $1,300,000 | $0 | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $4.25 | $4.25 | ' | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | 13,300,000 | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation expense | 200,000 | 100,000 | 700,000 | ' | ' | ' | ' | ' |
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options | $0 | ' | ' | ' | ' | ' | ' | ' |
Retirement_Plans_Retirement_Pl
Retirement Plans Retirement Plans (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' |
Projected benefit obligation at beginning of period | $74,223 | $68,462 | ' |
Service cost | 1,033 | 752 | 620 |
Interest cost | 2,902 | 3,056 | 3,095 |
Plan amendments | 112 | 5 | ' |
Settlements | 0 | 0 | ' |
Actuarial (gain) loss | -7,323 | 5,417 | ' |
Participant contributions | 0 | 0 | ' |
Benefits paid | -3,785 | -3,469 | ' |
Retiree drug subsidy reimbursement | 0 | 0 | ' |
Effect of foreign exchange | 0 | 0 | ' |
Projected benefit obligation at end of period | 67,162 | 74,223 | 68,462 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' |
Fair value of assets at beginning of period | 47,922 | 42,943 | ' |
Actual return on plan assets | 7,453 | 5,194 | ' |
Settlements | 0 | 0 | ' |
Employer contributions | 2,912 | 3,254 | ' |
Participant contributions | 0 | 0 | ' |
Benefits paid | -3,785 | -3,469 | ' |
Effect of foreign exchange | 0 | 0 | ' |
Fair value of assets at beginning of period | 54,502 | 47,922 | 42,943 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -12,660 | -26,301 | ' |
Defined Benefit Plan, Accumulated Benefit Obligation [Abstract] | ' | ' | ' |
Accumulated Benefit Obligation | 67,162 | 74,223 | ' |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' |
Projected benefit obligation at beginning of period | 85,694 | 72,700 | ' |
Service cost | 2,785 | 2,421 | 2,575 |
Interest cost | 3,769 | 3,925 | 3,782 |
Plan amendments | 0 | 0 | ' |
Settlements | -1,855 | 0 | ' |
Actuarial (gain) loss | -4,322 | 8,813 | ' |
Participant contributions | 288 | 329 | ' |
Benefits paid | -3,599 | -4,269 | ' |
Retiree drug subsidy reimbursement | 0 | 0 | ' |
Effect of foreign exchange | -5,799 | 1,775 | ' |
Projected benefit obligation at end of period | 76,961 | 85,694 | 72,700 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' |
Fair value of assets at beginning of period | 61,965 | 54,122 | ' |
Actual return on plan assets | 9,006 | 4,515 | ' |
Settlements | -1,855 | 0 | ' |
Employer contributions | 6,768 | 5,950 | ' |
Participant contributions | 288 | 329 | ' |
Benefits paid | -3,599 | -4,269 | ' |
Effect of foreign exchange | -4,609 | 1,318 | ' |
Fair value of assets at beginning of period | 67,964 | 61,965 | 54,122 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -8,997 | -23,729 | ' |
Defined Benefit Plan, Accumulated Benefit Obligation [Abstract] | ' | ' | ' |
Accumulated Benefit Obligation | 72,153 | 78,413 | ' |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward] | ' | ' | ' |
Projected benefit obligation at beginning of period | 6,067 | 6,245 | ' |
Service cost | 12 | 13 | 11 |
Interest cost | 185 | 233 | 272 |
Plan amendments | -51 | 0 | ' |
Settlements | 0 | 0 | ' |
Actuarial (gain) loss | -818 | 109 | ' |
Participant contributions | 9 | 7 | ' |
Benefits paid | -561 | -589 | ' |
Retiree drug subsidy reimbursement | 41 | 41 | ' |
Effect of foreign exchange | -28 | 8 | ' |
Projected benefit obligation at end of period | 4,856 | 6,067 | 6,245 |
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | ' | ' | ' |
Fair value of assets at beginning of period | 0 | 0 | ' |
Actual return on plan assets | 0 | 0 | ' |
Settlements | 0 | 0 | ' |
Employer contributions | 552 | 582 | ' |
Participant contributions | 9 | 7 | ' |
Benefits paid | -561 | -589 | ' |
Effect of foreign exchange | 0 | 0 | ' |
Fair value of assets at beginning of period | 0 | 0 | 0 |
Defined Benefit Plan, Funded Status of Plan [Abstract] | ' | ' | ' |
Funded status | -4,856 | -6,067 | ' |
Defined Benefit Plan, Accumulated Benefit Obligation [Abstract] | ' | ' | ' |
Accumulated Benefit Obligation | $4,856 | $6,067 | ' |
Retirement_Plans_Retirement_Pl1
Retirement Plans Retirement Plans (Details 2) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' |
Accrued liabilities | $0 | $0 |
Other liabilities | -12,660 | -26,301 |
Total recognized | -12,660 | -26,301 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' |
Net actuarial loss (gain) | -2,137 | 9,331 |
Net prior service cost | 116 | 5 |
Total recognized | -2,021 | 9,336 |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' |
Accrued liabilities | 0 | 0 |
Other liabilities | -8,997 | -23,729 |
Total recognized | -8,997 | -23,729 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' |
Net actuarial loss (gain) | 4,883 | 15,111 |
Net prior service cost | 380 | 401 |
Total recognized | 5,263 | 15,512 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' |
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract] | ' | ' |
Accrued liabilities | -515 | -565 |
Other liabilities | -4,341 | -5,502 |
Total recognized | -4,856 | -6,067 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' |
Net actuarial loss (gain) | -712 | 99 |
Net prior service cost | -51 | 0 |
Total recognized | ($763) | $99 |
Retirement_Plans_Retirement_Pl2
Retirement Plans Retirement Plans (Details 3) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Service cost | $12 | $13 | $11 |
Interest cost | 185 | 233 | 272 |
Amortization of prior service cost | 0 | 0 | 0 |
Amortization of net actuarial loss (gain) | -8 | 1 | -3 |
Net periodic benefit cost | 189 | 247 | 280 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' |
Net actuarial loss (gain) | -817 | 109 | 96 |
Prior service cost | -51 | 0 | 0 |
Amortization of prior service cost | 0 | 0 | 0 |
Amortization of net actuarial (loss) gain | 8 | -1 | 3 |
Total recognized | -860 | 108 | 99 |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Service cost | 1,033 | 752 | 620 |
Interest cost | 2,902 | 3,056 | 3,095 |
Expected return on assets | -3,548 | -3,224 | -3,380 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 0 | 0 | 0 |
Amortization of prior service cost | 1 | 0 | 0 |
Amortization of net actuarial loss (gain) | 240 | 4 | -12 |
Net periodic benefit cost | 628 | 588 | 323 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' |
Net actuarial loss (gain) | -11,228 | 3,447 | 11,807 |
Prior service cost | 112 | 5 | 0 |
Loss recognized due to settlements | 0 | 0 | 0 |
Amortization of prior service cost | 1 | 0 | 0 |
Amortization of net actuarial (loss) gain | -240 | -4 | 12 |
Total recognized | -11,357 | 3,448 | 11,819 |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Service cost | 2,785 | 2,421 | 2,575 |
Interest cost | 3,769 | 3,925 | 3,782 |
Expected return on assets | -3,900 | -3,726 | -3,947 |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | 599 | 0 | 0 |
Amortization of prior service cost | 20 | 21 | 21 |
Amortization of net actuarial loss (gain) | 508 | 45 | 0 |
Net periodic benefit cost | 3,781 | 2,686 | 2,431 |
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract] | ' | ' | ' |
Net actuarial loss (gain) | -9,121 | 8,040 | 8,627 |
Prior service cost | 0 | 0 | 443 |
Loss recognized due to settlements | -599 | 0 | 0 |
Amortization of prior service cost | 20 | 21 | 21 |
Amortization of net actuarial (loss) gain | -508 | -45 | ' |
Total recognized | ($10,248) | $7,974 | $9,049 |
Retirement_Plans_Retirement_Pl3
Retirement Plans Retirement Plans (Details 4) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' |
Discount rate | 4.81% | 3.97% | ' |
Compensation increases | 0.00% | 0.00% | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 3.97% | 4.54% | 5.31% |
Long-term rate of return on assets | 7.50% | 7.50% | 8.00% |
Compensation increases | 0.00% | 0.00% | 0.00% |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' |
Discount rate | 4.78% | 4.48% | ' |
Compensation increases | 3.50% | 3.50% | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 4.48% | 5.17% | 5.40% |
Long-term rate of return on assets | 6.25% | 6.50% | 7.00% |
Compensation increases | 3.50% | 3.50% | 3.50% |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract] | ' | ' | ' |
Discount rate | 4.25% | 3.43% | ' |
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract] | ' | ' | ' |
Discount rate | 3.43% | 4.10% | 4.75% |
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract] | ' | ' | ' |
Assumed health care cost trend rate medical claims | 7.00% | 7.50% | 8.00% |
Ultimate health care cost trend | 5.00% | 5.00% | 5.00% |
Ultimate year health care cost trend rate is achieved | '2022 | '2018 | '2018 |
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract] | ' | ' | ' |
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation | 277 | ' | ' |
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation | -244 | ' | ' |
Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components | 10 | ' | ' |
Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components | -9 | ' | ' |
Retirement_Plans_Retirement_Pl4
Retirement Plans Retirement Plans (Details 5) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | $54,502 | $47,922 | $42,943 |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 67,964 | 61,965 | 54,122 |
Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 35,126 | 30,330 | ' |
Fair Value, Inputs, Level 1 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 879 | 403 | ' |
Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 19,376 | 17,592 | ' |
Fair Value, Inputs, Level 2 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 67,085 | 61,562 | ' |
Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Fair Value, Inputs, Level 3 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Money Market Funds | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 2,073 | 1,923 | ' |
Money Market Funds | Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Money Market Funds | Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 2,073 | 1,923 | ' |
Money Market Funds | Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
US Treasury and Government | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 9,063 | 8,612 | ' |
US Treasury and Government | Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
US Treasury and Government | Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 9,063 | 8,612 | ' |
US Treasury and Government | Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Equity Securities | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 35,089 | 30,297 | ' |
Equity Securities | Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 35,089 | 30,297 | ' |
Equity Securities | Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Equity Securities | Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Equity Funds [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 8,240 | 7,057 | ' |
Equity Funds [Member] | Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Equity Funds [Member] | Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 8,240 | 7,057 | ' |
Equity Funds [Member] | Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Cash | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 37 | 33 | ' |
Cash | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 879 | 403 | ' |
Cash | Fair Value, Inputs, Level 1 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 37 | 33 | ' |
Cash | Fair Value, Inputs, Level 1 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 879 | 403 | ' |
Cash | Fair Value, Inputs, Level 2 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Cash | Fair Value, Inputs, Level 2 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Cash | Fair Value, Inputs, Level 3 | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Cash | Fair Value, Inputs, Level 3 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Pooled Funds | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 67,085 | 61,562 | ' |
Pooled Funds | Fair Value, Inputs, Level 1 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 0 | 0 | ' |
Pooled Funds | Fair Value, Inputs, Level 2 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | 67,085 | 61,562 | ' |
Pooled Funds | Fair Value, Inputs, Level 3 | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' |
Fair Value of Plan Assets | $0 | $0 | ' |
Retirement_Plans_Retirement_Pl5
Retirement Plans Retirement Plans (Details 6) (USD $) | Dec. 28, 2013 |
In Thousands, unless otherwise specified | |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months | $3,279 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Two | 3,487 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Three | 3,579 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Four | 3,705 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Five | 3,841 |
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter | 21,764 |
Foreign Pension Plans, Defined Benefit [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months | 3,063 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Two | 3,536 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Three | 3,595 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Four | 3,613 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Five | 3,586 |
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter | 21,005 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Fiscal Year Maturity [Abstract] | ' |
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months | 514 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Two | 487 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Three | 451 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Four | 422 |
Defined Benefit Plan, Expected Future Benefit Payments, Year Five | 394 |
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter | 1,568 |
Prescription Drug Subsidy Receipts, Fiscal Year Maturity [Abstract] | ' |
Prescription Drug Subsidy Receipts, Next Twelve Months | -33 |
Prescription Drug Subsidy Receipts, Year Two | -32 |
Prescription Drug Subsidy Receipts, Year Three | -31 |
Prescription Drug Subsidy Receipts, Year Four | -30 |
Prescription Drug Subsidy Receipts, Year Five | -30 |
Prescription Drug Subsidy Receipts, after Year Five | ($126) |
Retirement_Plans_Retirement_Pl6
Retirement Plans Retirement Plans (Textual) (Details) (USD $) | 12 Months Ended | |||
Jan. 03, 2015 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Contribution Plan, Employer Matching Contribution, Percent | ' | 3.50% | ' | ' |
Defined Contribution Plan, Employer Discretionary Contribution Amount | ' | $2,600,000 | $2,400,000 | $1,800,000 |
Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Plans, Estimated Net Actuarial Costs to be Amortized Next Year | ' | 100,000 | ' | ' |
United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | ' | 0 | 0 | 0 |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | 4,500,000 | ' | ' | ' |
Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements | ' | -599,000 | 0 | 0 |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | 7,400,000 | ' | ' | ' |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Pension and Other Postretirement Benefit Plans, Estimated Net Actuarial Costs to be Amortized Next Year | ' | 0 | ' | ' |
Pension and Other Postretirement Benefit Plans, Estimated Net Prior Service Costs to be Amortized Next Year | ' | 0 | ' | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year | 500,000 | ' | ' | ' |
Other Postretirement Benefit Plan, Future Amortization of Gain (Loss) | ' | ($100,000) | ' | ' |
Equity Funds [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Investment Goals | ' | '0.6 | ' | ' |
Equity Funds [Member] | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Investment Goals | ' | '0.6 | ' | ' |
Fixed Income Funds [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Investment Goals | ' | '0.35 | ' | ' |
Fixed Income Funds [Member] | Foreign Pension Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Investment Goals | ' | '0.4 | ' | ' |
Cash and Cash Equivalents [Member] | United States Pension Plans of US Entity, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Defined Benefit Plan, Investment Goals | ' | '0.05 | ' | ' |
Lease_Commitments_Details
Lease Commitments (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||
Jul. 02, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | |
Leases [Abstract] | ' | ' | ' | ' |
Operating Leases, Rent Expense, Net | ' | $39,800,000 | $40,100,000 | $40,800,000 |
Lease Equipment, cash paid for equipment over fair value of equipment | 800,000 | ' | ' | ' |
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract] | ' | ' | ' | ' |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | ' | 34,772,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Two Years | ' | 25,744,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Three Years | ' | 18,809,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Four Years | ' | 14,392,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due in Five Years | ' | 10,606,000 | ' | ' |
Operating Leases, Future Minimum Payments, Due Thereafter | ' | 11,329,000 | ' | ' |
Operating Leases, Future Minimum Payments Due | ' | $115,652,000 | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies - (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 29, 2012 | Dec. 29, 2012 |
Putative Class Action [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Environmental Issue [Member] | Legal Reserve [Member] | Notification Reserve [Member] | ||
Putative Class Action [Member] | Putative Class Action [Member] | ||||||
Loss Contingencies [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Environmental Remediation Funding | ' | ' | $100,000 | ' | ' | ' | ' |
Letters of credit outstanding, amount | 11,000,000 | ' | ' | 300,000 | 200,000 | ' | ' |
Accrual for Environmental Loss Contingencies, Gross | ' | ' | ' | 300,000 | ' | ' | ' |
Cash Settlement Per Third Claim | ' | 8,000 | ' | ' | ' | ' | ' |
Settlement Liabilities, Current | ' | ' | ' | ' | ' | $2,500,000 | $600,000 |
Business_Segments_Details_1
Business Segments (Details 1) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | $1,169,598 | $1,142,521 | $1,159,515 |
Vinyl Windows [Member] | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | 369,869 | 357,267 | 362,570 |
Vinyl Siding Products [Member] | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | 216,872 | 227,374 | 224,388 |
Metal Products [Member] | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | 166,602 | 174,111 | 178,398 |
Third-party Manufactured Products [Member] | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | 314,408 | 302,966 | 320,852 |
Other Products and Services [Member] | ' | ' | ' |
Revenue from External Customer [Line Items] | ' | ' | ' |
Net sales | $101,847 | $80,803 | $73,307 |
Business_Segments_Details_2
Business Segments (Details 2) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Net sales | $1,169,598 | $1,142,521 | $1,159,515 |
Long-Lived Assets | 100,945 | 108,452 | ' |
United States | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Net sales | 950,977 | 904,791 | 911,854 |
Long-Lived Assets | 66,922 | 69,183 | ' |
Canada | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Net sales | 218,621 | 237,730 | 247,661 |
Long-Lived Assets | $34,023 | $39,269 | ' |
Subsidiary_Guarantors_Textual_
Subsidiary Guarantors - (Textual) (Details) | 12 Months Ended | |||
Dec. 28, 2013 | Dec. 28, 2013 | Dec. 28, 2013 | Oct. 12, 2010 | |
Gentek Holdings, LLC and Gentek Building Products | AMH New Finance, Inc | Senior Notes [Member] | Senior Notes [Member] | |
9.125% notes | 9.125% notes | |||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Debt instrument, interest rate, stated percentage | ' | ' | 9.13% | 9.13% |
Ownership percent of guarantor subsidiaries | 100.00% | 100.00% | ' | ' |
Subsidiary_Guarantors_Balance_
Subsidiary Guarantors - (Balance Sheet) (Details) (USD $) | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 | Jan. 01, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $20,815 | $9,594 | $11,374 | $13,789 |
Accounts receivable, net | 125,263 | 121,387 | ' | ' |
Intercompany receivables | 0 | 0 | ' | ' |
Inventories | 133,469 | 117,965 | ' | ' |
Income taxes receivable | 792 | 2,690 | ' | ' |
Deferred income taxes | 4,685 | 8,734 | ' | ' |
Prepaid expenses and other current assets | 10,842 | 8,771 | ' | ' |
Total current assets | 295,866 | 269,141 | ' | ' |
Property, plant and equipment, net | 100,945 | 108,452 | ' | ' |
Goodwill | 471,791 | 482,613 | 478,912 | ' |
Other intangible assets, net | 563,224 | 599,644 | ' | ' |
Investment in subsidiaries | 0 | 0 | ' | ' |
Intercompany receivable | 0 | 0 | ' | ' |
Other assets | 24,793 | 22,434 | ' | ' |
Total assets | 1,456,619 | 1,482,284 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 96,974 | 74,311 | ' | ' |
Intercompany payables | 0 | 0 | ' | ' |
Accrued liabilities | 78,182 | 75,297 | ' | ' |
Deferred income taxes | 2,441 | 3,469 | ' | ' |
Income taxes payable | 2,139 | 5,697 | ' | ' |
Total current liabilities | 179,736 | 158,774 | ' | ' |
Deferred income taxes | 126,204 | 130,777 | ' | ' |
Other liabilities | 117,659 | 153,473 | ' | ' |
Long-term debt | 835,230 | 808,205 | ' | ' |
Member’s equity | 197,790 | 231,055 | 270,464 | 498,477 |
Total liabilities and member’s equity | 1,456,619 | 1,482,284 | ' | ' |
Company | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 7,566 | 7,320 | 7,855 | 5,911 |
Accounts receivable, net | 96,265 | 91,556 | ' | ' |
Intercompany receivables | 374,444 | 371,236 | ' | ' |
Inventories | 93,175 | 83,523 | ' | ' |
Income taxes receivable | 0 | 0 | ' | ' |
Deferred income taxes | 2,451 | 5,317 | ' | ' |
Prepaid expenses and other current assets | 8,239 | 5,025 | ' | ' |
Total current assets | 582,140 | 563,977 | ' | ' |
Property, plant and equipment, net | 65,348 | 67,236 | ' | ' |
Goodwill | 300,642 | 300,641 | ' | ' |
Other intangible assets, net | 379,740 | 399,650 | ' | ' |
Investment in subsidiaries | -37,194 | -38,564 | ' | ' |
Intercompany receivable | 0 | 0 | ' | ' |
Other assets | 22,926 | 20,207 | ' | ' |
Total assets | 1,313,602 | 1,313,147 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 64,272 | 54,003 | ' | ' |
Intercompany payables | 1,794 | 1,794 | ' | ' |
Accrued liabilities | 63,534 | 55,599 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Income taxes payable | 452 | 1,495 | ' | ' |
Total current liabilities | 130,052 | 112,891 | ' | ' |
Deferred income taxes | 73,862 | 76,968 | ' | ' |
Other liabilities | 76,668 | 92,733 | ' | ' |
Long-term debt | 835,230 | 799,500 | ' | ' |
Member’s equity | 197,790 | 231,055 | ' | ' |
Total liabilities and member’s equity | 1,313,602 | 1,313,147 | ' | ' |
Co-Issuer | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Intercompany receivables | 0 | 0 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Income taxes receivable | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | 0 | 0 | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other intangible assets, net | 0 | 0 | ' | ' |
Investment in subsidiaries | 0 | 0 | ' | ' |
Intercompany receivable | 835,230 | 730,000 | ' | ' |
Other assets | 0 | 0 | ' | ' |
Total assets | 835,230 | 730,000 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Intercompany payables | 0 | 0 | ' | ' |
Accrued liabilities | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Income taxes payable | 0 | 0 | ' | ' |
Total current liabilities | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Other liabilities | 0 | 0 | ' | ' |
Long-term debt | 835,230 | 730,000 | ' | ' |
Member’s equity | 0 | 0 | ' | ' |
Total liabilities and member’s equity | 835,230 | 730,000 | ' | ' |
Subsidiary Guarantors | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 9,858 | 9,179 | ' | ' |
Intercompany receivables | 57,711 | 56,097 | ' | ' |
Inventories | 10,117 | 7,359 | ' | ' |
Income taxes receivable | 792 | 0 | ' | ' |
Deferred income taxes | 2,234 | 3,417 | ' | ' |
Prepaid expenses and other current assets | 891 | 784 | ' | ' |
Total current assets | 81,603 | 76,836 | ' | ' |
Property, plant and equipment, net | 1,574 | 1,947 | ' | ' |
Goodwill | 24,650 | 24,650 | ' | ' |
Other intangible assets, net | 44,654 | 45,104 | ' | ' |
Investment in subsidiaries | -136,544 | -127,136 | ' | ' |
Intercompany receivable | 0 | 0 | ' | ' |
Other assets | 0 | 171 | ' | ' |
Total assets | 15,937 | 21,572 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 9,531 | 4,826 | ' | ' |
Intercompany payables | 0 | 0 | ' | ' |
Accrued liabilities | 6,392 | 10,173 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Income taxes payable | 0 | 3,053 | ' | ' |
Total current liabilities | 15,923 | 18,052 | ' | ' |
Deferred income taxes | 16,620 | 17,633 | ' | ' |
Other liabilities | 20,588 | 24,451 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Member’s equity | -37,194 | -38,564 | ' | ' |
Total liabilities and member’s equity | 15,937 | 21,572 | ' | ' |
Non-Guarantor Subsidiaries | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 13,249 | 2,274 | 3,519 | 7,878 |
Accounts receivable, net | 19,140 | 20,652 | ' | ' |
Intercompany receivables | 1,794 | 1,794 | ' | ' |
Inventories | 30,177 | 27,083 | ' | ' |
Income taxes receivable | 0 | 2,690 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 1,712 | 2,962 | ' | ' |
Total current assets | 66,072 | 57,455 | ' | ' |
Property, plant and equipment, net | 34,023 | 39,269 | ' | ' |
Goodwill | 146,499 | 157,322 | ' | ' |
Other intangible assets, net | 138,830 | 154,890 | ' | ' |
Investment in subsidiaries | 0 | 0 | ' | ' |
Intercompany receivable | 0 | 0 | ' | ' |
Other assets | 1,867 | 2,056 | ' | ' |
Total assets | 387,291 | 410,992 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 23,171 | 15,482 | ' | ' |
Intercompany payables | 432,155 | 427,333 | ' | ' |
Accrued liabilities | 8,256 | 9,525 | ' | ' |
Deferred income taxes | 2,441 | 3,469 | ' | ' |
Income taxes payable | 1,687 | 1,149 | ' | ' |
Total current liabilities | 467,710 | 456,958 | ' | ' |
Deferred income taxes | 35,722 | 36,176 | ' | ' |
Other liabilities | 20,403 | 36,289 | ' | ' |
Long-term debt | 0 | 8,705 | ' | ' |
Member’s equity | -136,544 | -127,136 | ' | ' |
Total liabilities and member’s equity | 387,291 | 410,992 | ' | ' |
Reclassification/Eliminations | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | ' | ' |
Accounts receivable, net | 0 | 0 | ' | ' |
Intercompany receivables | -433,949 | -429,127 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Income taxes receivable | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Prepaid expenses and other current assets | 0 | 0 | ' | ' |
Total current assets | -433,949 | -429,127 | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other intangible assets, net | 0 | 0 | ' | ' |
Investment in subsidiaries | 173,738 | 165,700 | ' | ' |
Intercompany receivable | -835,230 | -730,000 | ' | ' |
Other assets | 0 | 0 | ' | ' |
Total assets | -1,095,441 | -993,427 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Intercompany payables | -433,949 | -429,127 | ' | ' |
Accrued liabilities | 0 | 0 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Income taxes payable | 0 | 0 | ' | ' |
Total current liabilities | -433,949 | -429,127 | ' | ' |
Deferred income taxes | 0 | 0 | ' | ' |
Other liabilities | 0 | 0 | ' | ' |
Long-term debt | -835,230 | -730,000 | ' | ' |
Member’s equity | 173,738 | 165,700 | ' | ' |
Total liabilities and member’s equity | ($1,095,441) | ($993,427) | ' | ' |
Subsidiary_Guarantors_Statemen
Subsidiary Guarantors - (Statement of Comprehensive Income (Loss)) (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Dec. 31, 2011 | Oct. 01, 2011 | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | $1,169,598 | $1,142,521 | $1,159,515 |
Cost of sales | ' | ' | 887,798 | 859,617 | 894,333 |
Gross profit | ' | ' | 281,800 | 282,904 | 265,182 |
Selling, general and administrative expenses | ' | ' | 232,281 | 240,027 | 247,278 |
Impairment of goodwill | ' | ' | 0 | 0 | 84,253 |
Impairment of other intangible assets | 7,700 | 72,200 | 0 | 0 | 79,894 |
Merger transaction costs | ' | ' | 0 | 0 | 585 |
Manufacturing restructuring costs | ' | ' | 0 | 0 | 228 |
Income (loss) from operations | ' | ' | 49,519 | 42,877 | -147,056 |
Interest expense, net | ' | ' | 79,751 | 75,520 | 75,729 |
Foreign currency loss (gain) | ' | ' | 754 | 119 | 438 |
(Loss) income before income taxes | ' | ' | -30,986 | -32,762 | -223,223 |
Income tax expense (benefit) | ' | ' | 2,507 | 5,605 | -20,434 |
Income (loss) before equity loss from susidiaries | ' | ' | -33,493 | -38,367 | -202,789 |
Equity (loss) income from subsidiaries | ' | ' | 0 | 0 | 0 |
Net (loss) income | ' | ' | -33,493 | -38,367 | -202,789 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 19,774 | -9,446 | -18,640 |
Foreign currency translation adjustments, net of tax | ' | ' | -20,443 | 8,228 | -7,374 |
Total comprehensive income (loss) | ' | ' | -34,162 | -39,585 | -228,803 |
Company | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | 900,422 | 861,092 | 865,247 |
Cost of sales | ' | ' | 687,015 | 649,672 | 674,764 |
Gross profit | ' | ' | 213,407 | 211,420 | 190,483 |
Selling, general and administrative expenses | ' | ' | 183,250 | 184,840 | 197,357 |
Impairment of goodwill | ' | ' | ' | ' | 52,791 |
Impairment of other intangible assets | ' | ' | ' | ' | 56,900 |
Merger transaction costs | ' | ' | ' | ' | 513 |
Manufacturing restructuring costs | ' | ' | ' | ' | 228 |
Income (loss) from operations | ' | ' | 30,157 | 26,580 | -117,306 |
Interest expense, net | ' | ' | 77,681 | 73,761 | 73,877 |
Foreign currency loss (gain) | ' | ' | 0 | 0 | 0 |
(Loss) income before income taxes | ' | ' | -47,524 | -47,181 | -191,183 |
Income tax expense (benefit) | ' | ' | -1,882 | -9,828 | -18,641 |
Income (loss) before equity loss from susidiaries | ' | ' | -45,642 | -37,353 | -172,542 |
Equity (loss) income from subsidiaries | ' | ' | 12,149 | -1,014 | -30,247 |
Net (loss) income | ' | ' | -33,493 | -38,367 | -202,789 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 19,774 | -9,446 | -18,640 |
Foreign currency translation adjustments, net of tax | ' | ' | -20,443 | 8,228 | -7,374 |
Total comprehensive income (loss) | ' | ' | -34,162 | -39,585 | -228,803 |
Co-Issuer | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | 0 | 0 | 0 |
Cost of sales | ' | ' | 0 | 0 | 0 |
Gross profit | ' | ' | 0 | 0 | 0 |
Selling, general and administrative expenses | ' | ' | 0 | 0 | 0 |
Impairment of goodwill | ' | ' | ' | ' | 0 |
Impairment of other intangible assets | ' | ' | ' | ' | 0 |
Merger transaction costs | ' | ' | ' | ' | 0 |
Manufacturing restructuring costs | ' | ' | ' | ' | 0 |
Income (loss) from operations | ' | ' | 0 | 0 | 0 |
Interest expense, net | ' | ' | 0 | 0 | 0 |
Foreign currency loss (gain) | ' | ' | 0 | 0 | 0 |
(Loss) income before income taxes | ' | ' | 0 | 0 | 0 |
Income tax expense (benefit) | ' | ' | 0 | 0 | 0 |
Income (loss) before equity loss from susidiaries | ' | ' | 0 | 0 | 0 |
Equity (loss) income from subsidiaries | ' | ' | 0 | 0 | 0 |
Net (loss) income | ' | ' | 0 | 0 | 0 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 0 | 0 | 0 |
Foreign currency translation adjustments, net of tax | ' | ' | 0 | 0 | 0 |
Total comprehensive income (loss) | ' | ' | 0 | 0 | 0 |
Subsidiary Guarantors | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | 166,302 | 169,610 | 159,846 |
Cost of sales | ' | ' | 150,647 | 155,262 | 153,540 |
Gross profit | ' | ' | 15,655 | 14,348 | 6,306 |
Selling, general and administrative expenses | ' | ' | 5,281 | 9,922 | 5,877 |
Impairment of goodwill | ' | ' | ' | ' | 5,293 |
Impairment of other intangible assets | ' | ' | ' | ' | 6,153 |
Merger transaction costs | ' | ' | ' | ' | 0 |
Manufacturing restructuring costs | ' | ' | ' | ' | 0 |
Income (loss) from operations | ' | ' | 10,374 | 4,426 | -11,017 |
Interest expense, net | ' | ' | 0 | 0 | 0 |
Foreign currency loss (gain) | ' | ' | 0 | 0 | 0 |
(Loss) income before income taxes | ' | ' | 10,374 | 4,426 | -11,017 |
Income tax expense (benefit) | ' | ' | 1,668 | 12,120 | -2,145 |
Income (loss) before equity loss from susidiaries | ' | ' | 8,706 | -7,694 | -8,872 |
Equity (loss) income from subsidiaries | ' | ' | 3,443 | 6,680 | -21,375 |
Net (loss) income | ' | ' | 12,149 | -1,014 | -30,247 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 9,666 | -6,481 | -8,723 |
Foreign currency translation adjustments, net of tax | ' | ' | -20,443 | 8,228 | -7,374 |
Total comprehensive income (loss) | ' | ' | 1,372 | 733 | -46,344 |
Non-Guarantor Subsidiaries | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | 263,604 | 279,464 | 291,588 |
Cost of sales | ' | ' | 210,866 | 222,328 | 223,195 |
Gross profit | ' | ' | 52,738 | 57,136 | 68,393 |
Selling, general and administrative expenses | ' | ' | 43,750 | 45,265 | 44,044 |
Impairment of goodwill | ' | ' | ' | ' | 26,169 |
Impairment of other intangible assets | ' | ' | ' | ' | 16,841 |
Merger transaction costs | ' | ' | ' | ' | 72 |
Manufacturing restructuring costs | ' | ' | ' | ' | 0 |
Income (loss) from operations | ' | ' | 8,988 | 11,871 | -18,733 |
Interest expense, net | ' | ' | 2,070 | 1,759 | 1,852 |
Foreign currency loss (gain) | ' | ' | 754 | 119 | 438 |
(Loss) income before income taxes | ' | ' | 6,164 | 9,993 | -21,023 |
Income tax expense (benefit) | ' | ' | 2,721 | 3,313 | 352 |
Income (loss) before equity loss from susidiaries | ' | ' | 3,443 | 6,680 | -21,375 |
Equity (loss) income from subsidiaries | ' | ' | 0 | 0 | 0 |
Net (loss) income | ' | ' | 3,443 | 6,680 | -21,375 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | 7,594 | -5,909 | -6,719 |
Foreign currency translation adjustments, net of tax | ' | ' | -20,443 | 8,228 | -7,374 |
Total comprehensive income (loss) | ' | ' | -9,406 | 8,999 | -35,468 |
Reclassification/Eliminations | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | -160,730 | -167,645 | -157,166 |
Cost of sales | ' | ' | -160,730 | -167,645 | -157,166 |
Gross profit | ' | ' | 0 | 0 | 0 |
Selling, general and administrative expenses | ' | ' | 0 | 0 | 0 |
Impairment of goodwill | ' | ' | ' | ' | 0 |
Impairment of other intangible assets | ' | ' | ' | ' | 0 |
Merger transaction costs | ' | ' | ' | ' | 0 |
Manufacturing restructuring costs | ' | ' | ' | ' | 0 |
Income (loss) from operations | ' | ' | 0 | 0 | 0 |
Interest expense, net | ' | ' | 0 | 0 | 0 |
Foreign currency loss (gain) | ' | ' | 0 | 0 | 0 |
(Loss) income before income taxes | ' | ' | 0 | 0 | 0 |
Income tax expense (benefit) | ' | ' | 0 | 0 | 0 |
Income (loss) before equity loss from susidiaries | ' | ' | 0 | 0 | 0 |
Equity (loss) income from subsidiaries | ' | ' | -15,592 | -5,666 | 51,622 |
Net (loss) income | ' | ' | -15,592 | -5,666 | 51,622 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' |
Pension and other postretirement benefit adjustments, net of tax | ' | ' | -17,260 | 12,390 | 15,442 |
Foreign currency translation adjustments, net of tax | ' | ' | 40,886 | -16,456 | 14,748 |
Total comprehensive income (loss) | ' | ' | $8,034 | ($9,732) | $81,812 |
Subsidiary_Guarantors_Statemen1
Subsidiary Guarantors - (Statement of Cash Flows) (Details) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | $253 | ($589) | ($2,005) |
Investing Activities | ' | ' | ' |
Supply center acquisition | -348 | 0 | -1,550 |
Capital expenditures | -11,702 | -5,371 | -15,447 |
Proceeds from the sale of assets | 60 | 94 | 494 |
Net cash used in investing activities | -11,990 | -5,277 | -16,503 |
Financing Activities | ' | ' | ' |
Borrowings under ABL facilities | 148,861 | 208,471 | 455,149 |
Payments under ABL facilities | -226,861 | -204,171 | -439,149 |
Intercompany transactions | 0 | 0 | 0 |
Dividends paid | ' | 0 | ' |
Equity contribution from parent | 742 | 80 | 300 |
Issuance of senior notes | 106,000 | 0 | 0 |
Financing costs | -5,549 | -225 | -398 |
Net cash provided by (used in) financing activities | 23,193 | 4,155 | 15,902 |
Effect of exchange rate changes on cash and cash equivalents | -235 | -69 | 191 |
Net (decrease) increase in cash and cash equivalents | 11,221 | -1,780 | -2,415 |
Cash and cash equivalents at beginning of the period | 9,594 | 11,374 | 13,789 |
Cash and cash equivalents at end of the period | 20,815 | 9,594 | 11,374 |
Company | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | -12,204 | -7,641 | -19,728 |
Investing Activities | ' | ' | ' |
Supply center acquisition | -348 | ' | -1,550 |
Capital expenditures | -10,926 | -4,335 | -12,268 |
Proceeds from the sale of assets | 56 | 90 | 494 |
Net cash used in investing activities | -11,218 | -4,245 | -13,324 |
Financing Activities | ' | ' | ' |
Borrowings under ABL facilities | 99,891 | 116,100 | 307,100 |
Payments under ABL facilities | -169,391 | -117,600 | -294,100 |
Intercompany transactions | -8,500 | 12,980 | 22,094 |
Dividends paid | ' | 0 | ' |
Equity contribution from parent | 742 | 80 | 300 |
Issuance of senior notes | 106,000 | ' | ' |
Financing costs | -5,074 | -209 | -398 |
Net cash provided by (used in) financing activities | 23,668 | 11,351 | 34,996 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 246 | -535 | 1,944 |
Cash and cash equivalents at beginning of the period | 7,320 | 7,855 | 5,911 |
Cash and cash equivalents at end of the period | 7,566 | 7,320 | 7,855 |
Co-Issuer | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | 0 | 0 | 0 |
Investing Activities | ' | ' | ' |
Supply center acquisition | 0 | ' | 0 |
Capital expenditures | 0 | 0 | 0 |
Proceeds from the sale of assets | 0 | 0 | 0 |
Net cash used in investing activities | 0 | 0 | 0 |
Financing Activities | ' | ' | ' |
Borrowings under ABL facilities | 0 | 0 | 0 |
Payments under ABL facilities | 0 | 0 | 0 |
Intercompany transactions | 0 | 0 | 0 |
Dividends paid | ' | 0 | ' |
Equity contribution from parent | 0 | 0 | 0 |
Issuance of senior notes | 0 | ' | ' |
Financing costs | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | 0 | 0 | 0 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | 0 |
Cash and cash equivalents at beginning of the period | 0 | 0 | 0 |
Cash and cash equivalents at end of the period | 0 | 0 | 0 |
Subsidiary Guarantors | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | 56 | 2,724 | -13,830 |
Investing Activities | ' | ' | ' |
Supply center acquisition | 0 | ' | 0 |
Capital expenditures | -56 | -68 | -40 |
Proceeds from the sale of assets | 0 | 1 | 0 |
Net cash used in investing activities | -56 | -67 | -40 |
Financing Activities | ' | ' | ' |
Borrowings under ABL facilities | 0 | 0 | 0 |
Payments under ABL facilities | 0 | 0 | 0 |
Intercompany transactions | 0 | -58,446 | 13,870 |
Dividends paid | ' | 55,789 | ' |
Equity contribution from parent | 0 | 0 | 0 |
Issuance of senior notes | 0 | ' | ' |
Financing costs | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | 0 | -2,657 | 13,870 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 | 0 |
Net (decrease) increase in cash and cash equivalents | 0 | 0 | 0 |
Cash and cash equivalents at beginning of the period | 0 | 0 | 0 |
Cash and cash equivalents at end of the period | 0 | 0 | 0 |
Non-Guarantor Subsidiaries | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Net cash provided by (used in) operating activities | 12,401 | 4,328 | 31,553 |
Investing Activities | ' | ' | ' |
Supply center acquisition | 0 | ' | 0 |
Capital expenditures | -720 | -968 | -3,139 |
Proceeds from the sale of assets | 4 | 3 | 0 |
Net cash used in investing activities | -716 | -965 | -3,139 |
Financing Activities | ' | ' | ' |
Borrowings under ABL facilities | 48,970 | 92,371 | 148,049 |
Payments under ABL facilities | -57,470 | -86,571 | -145,049 |
Intercompany transactions | 8,500 | 45,466 | -35,964 |
Dividends paid | ' | 55,789 | ' |
Equity contribution from parent | 0 | 0 | 0 |
Issuance of senior notes | 0 | ' | ' |
Financing costs | -475 | -16 | 0 |
Net cash provided by (used in) financing activities | -475 | -4,539 | -32,964 |
Effect of exchange rate changes on cash and cash equivalents | -235 | -69 | 191 |
Net (decrease) increase in cash and cash equivalents | 10,975 | -1,245 | -4,359 |
Cash and cash equivalents at beginning of the period | 2,274 | 3,519 | 7,878 |
Cash and cash equivalents at end of the period | 13,249 | 2,274 | 3,519 |
Reclassification/Eliminations | ' | ' | ' |
Financing Activities | ' | ' | ' |
Cash and cash equivalents at end of the period | $0 | $0 | ' |