Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 28, 2013 | Nov. 05, 2013 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 28-Sep-13 | ' |
Entity Registrant Name | 'CENVEO, INC | ' |
Entity Central Index Key | '0000920321 | ' |
Current Fiscal Year End Date | '--12-28 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 66,163,939 |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash and cash equivalents | $8,538 | $8,110 |
Accounts receivable, net | 266,932 | 254,389 |
Inventories | 151,697 | 127,235 |
Prepaid and other current assets | 65,870 | 67,964 |
Assets of discontinued operations - current | 339 | 11,265 |
Total current assets | 493,376 | 468,963 |
Property, plant and equipment, net | 307,006 | 279,078 |
Goodwill | 186,559 | 187,415 |
Other intangible assets, net | 204,466 | 205,199 |
Other assets, net | 47,031 | 44,632 |
Assets of discontinued operations - long-term | 68 | 15,268 |
Total assets | 1,238,506 | 1,200,555 |
Current liabilities: | ' | ' |
Current maturities of long-term debt | 12,425 | 11,748 |
Accounts payable | 227,316 | 179,850 |
Accrued compensation and related liabilities | 31,473 | 24,678 |
Other current liabilities | 76,467 | 77,367 |
Liabilities of discontinued operations - current | 2,572 | 6,591 |
Total current liabilities | 350,253 | 300,234 |
Long-term debt | 1,175,657 | 1,171,870 |
Other liabilities | 185,534 | 191,885 |
Liabilities of discontinued operations - long-term | 72 | 880 |
Commitments and contingencies | ' | ' |
Shareholders’ deficit: | ' | ' |
Preferred stock | 0 | 0 |
Common stock | 662 | 638 |
Paid-in capital | 363,447 | 354,983 |
Retained deficit | -766,779 | -752,734 |
Accumulated other comprehensive loss | -70,340 | -67,201 |
Total shareholders’ deficit | -473,010 | -464,314 |
Total liabilities and shareholders’ deficit | $1,238,506 | $1,200,555 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Net sales | $442,781 | $437,168 | $1,267,935 | $1,300,593 |
Cost of sales | 367,356 | 353,780 | 1,056,392 | 1,063,119 |
Selling, general and administrative expenses | 53,105 | 44,469 | 148,783 | 137,918 |
Amortization of intangible assets | 2,459 | 2,447 | 7,473 | 7,455 |
Restructuring, impairment and other charges | 3,337 | 4,190 | 10,243 | 22,566 |
Operating income | 16,524 | 32,282 | 45,044 | 69,535 |
Gain on bargain purchase | -12,435 | 0 | -12,435 | 0 |
Interest expense, net | 27,611 | 28,926 | 85,421 | 85,574 |
Loss on early extinguishment of debt, net | 1,593 | 25 | 9,440 | 11,439 |
Other expense/(income), net | 595 | 491 | -1,400 | -327 |
(Loss)/income from continuing operations before income taxes | -840 | 2,840 | -35,982 | -27,151 |
Income tax benefit | -11,331 | -182 | -6,987 | -4,012 |
Income/(loss) from continuing operations | 10,491 | 3,022 | -28,995 | -23,139 |
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | -5 |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Currency translation adjustment | -31 | 2,412 | -3,139 | 1,654 |
Comprehensive income/(loss) | $23,952 | $6,887 | ($17,184) | ($21,490) |
Income/(loss) per share – basic: | ' | ' | ' | ' |
Continuing operations per share - basic | $0.16 | $0.05 | ($0.45) | ($0.36) |
Discontinued operations per share - basic | $0.21 | $0.02 | $0.23 | $0 |
Net income (loss) per share - basic | $0.37 | $0.07 | ($0.22) | ($0.36) |
Income/(loss) per share – diluted: | ' | ' | ' | ' |
Continuing operations per share - diluted | $0.13 | $0.04 | ($0.45) | ($0.36) |
Discontinued operations per share - diluted | $0.16 | $0.02 | $0.23 | $0 |
Net income (loss) per share - diluted | $0.29 | $0.06 | ($0.22) | ($0.36) |
Weighted average shares outstanding: | ' | ' | ' | ' |
Basic shares | 64,333 | 63,624 | 64,032 | 63,502 |
Diluted shares | 86,032 | 84,544 | 64,032 | 63,502 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Cash flows from operating activities: [Abstract] | ' | ' |
Net income/(loss) | ($14,045) | ($23,144) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ' | ' |
(Gain)/loss on sale of discontinued operations, net of taxes | -12,530 | 5,411 |
Income from discontinued operations, net of taxes | -2,420 | -5,406 |
Depreciation and amortization, excluding non-cash interest expense | 44,284 | 45,527 |
Amortization of intangible assets | 7,473 | 7,455 |
Non-cash interest expense, net | 7,742 | 5,796 |
Deferred income taxes | -8,960 | -6,211 |
Gain on bargain purchase | 12,435 | 0 |
Gain on sale of assets | -205 | -1,290 |
Non-cash restructuring, impairment and other charges, net | 1,495 | 10,801 |
Loss on early extinguishment of debt, net | 9,440 | 11,439 |
Stock-based compensation provision | 2,879 | 4,445 |
Gain on insurance claim | -2,670 | 0 |
Other non-cash charges | 4,921 | 3,711 |
Changes in operating assets and liabilities, excluding the effects of acquired businesses: | ' | ' |
Accounts receivable | -15,249 | 9,601 |
Inventories | -26,245 | -846 |
Accounts payable and accrued compensation and related liabilities | 52,127 | -15,495 |
Other working capital changes | -2,506 | -19,211 |
Other, net | -14,925 | -12,662 |
Net cash provided by operating activities of continuing operations | 10,698 | 12,466 |
Net cash provided by operating activities of discontinued operations | 7,055 | 6,212 |
Net cash provided by operating activities | 17,753 | 18,678 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | -33,166 | -644 |
Capital expenditures | -23,045 | -15,326 |
Purchase of investment | -1,650 | 0 |
Proceeds from insurance claim | 3,036 | 0 |
Proceeds from sale of property, plant and equipment | 7,861 | 2,333 |
Proceeds from sale of intangible asset | 0 | 1,700 |
Net cash used in investing activities of continuing operations | -46,964 | -11,937 |
Net cash provided by investing activities of discontinued operations | 42,714 | 39,610 |
Net cash (used in)/provided by investing activities | -4,250 | 27,673 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | 0 | -169,875 |
Payment of financing related costs and expenses and debt issuance discounts | -15,219 | -32,335 |
Repayments of other long-term debt | -3,323 | -3,499 |
Purchase and retirement of common stock upon vesting of RSUs | -509 | -734 |
Proceeds from issuance of 11.5% senior notes | 0 | 225,000 |
Proceeds from issuance of 7% senior exchangeable notes | 0 | 86,250 |
(Repayment)/borrowings under revolving credit facility, net | -18,000 | 45,550 |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 50,000 | 0 |
Repayment of 15% unsecured term loan, due 2017 | -30,000 | 0 |
Proceeds from exercise of stock options | 76 | 0 |
Borrowings under ABL facility, due 2017 | 474,400 | 0 |
Repayments under ABL facility, due 2017 | -392,600 | 0 |
Proceeds from equipment note | 20,000 | ' |
Net cash used in financing activities of continuing operations | -13,028 | -52,531 |
Net cash used in financing activities of discontinued operations | 0 | -1,652 |
Net cash used in financing activities | -13,028 | -54,183 |
Effect of exchange rate changes on cash and cash equivalents | -47 | 414 |
Net increase/(decrease) in cash and cash equivalents | 428 | -7,418 |
Cash and cash equivalents at beginning of period | 8,110 | 17,753 |
Cash and cash equivalents at end of period | 8,538 | 10,335 |
Other Significant Noncash Transaction, Value of Consideration Given | 6,042 | 0 |
7.875% senior subordinated notes [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | -67,848 | -196,088 |
Term Loan B, due 2016 [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of Term Loan | -390,005 | ' |
Proceeds from issuance of Term Loan Facility | ' | 17,987 |
8.375% senior subordinated notes [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | -24,787 |
Term loan facility, due 2017 [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 360,000 | 0 |
Equipment note [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from equipment note | $20,000 | $0 |
CONSOLIDATED_STATEMENTS_OF_CHA
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Stockholders' equity balance as of the year ended | ' | ' | ($464,314) | ' |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Other comprehensive income (loss): [Abstract] | ' | ' | ' | ' |
Currency translation adjustment | -31 | 2,412 | -3,139 | 1,654 |
Comprehensive (loss) income | 23,952 | 6,887 | -17,184 | -21,490 |
Exercise of stock options | ' | ' | 76 | 0 |
Purchase and retirement of common stock upon vesting of RSUs | ' | ' | -509 | -734 |
Amortization of stock based compensation | 900 | 1,500 | 2,879 | 4,445 |
Stockholders' equity balance as of the year ended | ($473,010) | ' | ($473,010) | ' |
CONSOLIDATED_STATEMENTS_OF_CHA1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (DEFICIT) (Parenthetical) (USD $) | 9 Months Ended | 12 Months Ended | |
Sep. 28, 2013 | Sep. 29, 2012 | Jan. 01, 2011 | |
Other Comprehensive Income (Loss), Tax, Parenthetical Disclosures [Abstract] | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' |
Other Comprehensive Income (Loss), Tax, Parenthetical Disclosures [Abstract] | ' | ' | ' |
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax | ' | ' | ' |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax | ' | ' | ' |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 28, 2013 | |
Basis of Presentation [Abstract] | ' |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | ' |
Basis of Presentation | |
The accompanying unaudited condensed consolidated financial statements (“financial statements”) of Cenveo, Inc. and its subsidiaries (collectively, “Cenveo” or the “Company”) have been prepared in accordance with Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”) and, in the Company’s opinion, include all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of financial position as of September 28, 2013, and the results of operations and cash flows as of and for the three and nine months ended September 28, 2013 and September 29, 2012. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to SEC rules. The results of operations for the three and nine months ended September 28, 2013 are generally not indicative of the results to be expected for any interim period or for the full year, primarily due to restructuring, acquisition and debt related activities or transactions. The December 29, 2012 consolidated balance sheet has been derived from the audited consolidated financial statements at that date. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 29, 2012 filed with the SEC. | |
It is the Company’s practice to close its fiscal quarters on the Saturday closest to the last day of the calendar quarter. The reporting periods for the three and nine months ended September 28, 2013 and September 29, 2012, each consisted of 13 weeks and 39 weeks, respectively. | |
On September 28, 2013, the Company completed the sale of its Custom Envelope Group ("Custom Envelope"). Additionally, during the second quarter of 2013, the Company decided to exit the San Francisco market and closed a manufacturing facility. As a result, the financial results of Custom Envelope and the San Francisco facility, both of which were previously included in the print and envelope segment, have been accounted for as discontinued operations. As a result, the Company's historical condensed consolidated financial statements have been reclassified to reflect these discontinued operations separately from the Company's continuing operations for all periods presented. See Note 3 for further discussion. | |
New Accounting Pronouncements. Effective in the first quarter of 2013, the Company adopted an accounting pronouncement relating to the presentation of accumulated other comprehensive income/(loss). This pronouncement does not change the current requirements; however, the Company is required to provide information about the amounts reclassified out of accumulated other comprehensive income/(loss) by component. In addition, the Company is required to present, either on the face of the statement where net income/(loss) is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income/(loss) by the respective line items of net income/(loss), but only if the amount is required under GAAP to be reclassified to net income/(loss) in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income/(loss), the Company is required to cross-reference to other disclosures required under GAAP that provide additional detail on these amounts. The adoption of this pronouncement did not have a material impact to the Company's condensed consolidated financial statements. |
Acquisitions
Acquisitions | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Acquisitions [Text Block] | ' | ||||||||||||||||
Acquisitions | |||||||||||||||||
The Company accounts for business combinations under the provisions of the Business Combination Topic of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 805. Acquisitions are accounted for by the purchase method, and accordingly, the assets and liabilities of the acquired businesses have been recorded at their estimated fair value on the acquisition date with the excess of the purchase price over their estimated fair value recorded as goodwill. In the event the estimated fair value of the assets and liabilities acquired exceeds the purchase price paid, a bargain purchase gain is recorded in the condensed consolidated statement of operations and comprehensive income/(loss) (“statement of operations”). | |||||||||||||||||
Acquisition-related costs are expensed as incurred. Acquisition-related costs, including integration costs, are included in selling, general and administrative expenses in the Company’s condensed consolidated statement of operations and were $5.0 million and $0.7 million for the three months ended September 28, 2013 and September 29, 2012, respectively, and $5.7 million and $1.1 million for the nine months ended September 28, 2013 and September 29, 2012, respectively. | |||||||||||||||||
2013 | |||||||||||||||||
National Envelope | |||||||||||||||||
On September 16, 2013, Cenveo acquired certain assets of National Envelope Corporation ("National"). National's accounts receivable and inventory were purchased by unrelated third parties in conjunction with Cenveo's acquisition. National manufactured and distributed envelope products for the billing, financial, direct mail and office products markets and had approximately 1,600 employees. The Company believes the acquisition of certain assets of National will enhance the Company's manufacturing capabilities and reduce capacity in the envelope industry. The purchase price was $34.1 million, of which $6.0 million was Cenveo common stock, and was preliminarily allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, and was assigned to the Company's print and envelope segment. The acquisition of certain assets of National resulted in a preliminary bargain purchase gain of approximately $12.4 million, exclusive of $4.9 million of tax expense, which was recognized in the Company's condensed consolidated statement of operations. Prior to the recognition of the bargain purchase gain, the Company reassessed the fair value of the tangible and identifiable intangible assets acquired and liabilities assumed in the acquisition. The Company believes it was able to acquire those assets of National for less than their fair value due to National's bankruptcy prior to the Company's acquisition. The acquired identifiable intangible asset relates to a leasehold interest with a fair value of $3.7 million, which is being amortized over the remaining lease term of 20 years, which includes renewal periods. | |||||||||||||||||
National's results of operations and cash flows are included in the Company’s condensed consolidated statement of operations and cash flows from September 16, 2013. National had net sales of $11.0 million and income from operations of $0.3 million during the period from September 16, 2013 to September 28, 2013. | |||||||||||||||||
Preliminary Purchase Price Allocation | |||||||||||||||||
The following table summarizes the preliminary allocation of the purchase price of National to the assets acquired and liabilities assumed in the acquisition (in thousands): | |||||||||||||||||
As of | |||||||||||||||||
16-Sep-13 | |||||||||||||||||
Property, plant and equipment | $ | 47,650 | |||||||||||||||
Other intangible assets | 3,728 | ||||||||||||||||
Total assets acquired | 51,378 | ||||||||||||||||
Current liabilities | 2,345 | ||||||||||||||||
Note payable | 2,536 | ||||||||||||||||
Total liabilities assumed | 4,881 | ||||||||||||||||
Net assets acquired | 46,497 | ||||||||||||||||
Cost of the acquisition of certain assets of National | 34,062 | ||||||||||||||||
Gain on bargain purchase | $ | 12,435 | |||||||||||||||
Property, plant and equipment values were estimated based on discussions with machinery and equipment brokers, internal expertise related to the equipment and current marketplace conditions. The value of the leasehold interest acquired was determined based on the present value of the difference between: (i) the contractual amounts to be paid pursuant to the lease; and (ii) management's estimate of current market lease rates for the corresponding lease, measured over the remaining lease term and renewal periods. | |||||||||||||||||
The fair values of property, plant and equipment and the intangible asset acquired from National were determined to be Level 3 under the fair value hierarchy. | |||||||||||||||||
Unaudited Pro Forma Financial Information | |||||||||||||||||
The following supplemental pro forma consolidated summary financial information of the Company for the three and nine months ended September 28, 2013 and September 29, 2012 herein have been prepared by adjusting the historical data as set forth in its statements of operations to give effect to the acquisition of certain assets of National as if it had been made as of January 1, 2012 (in thousands, except per share amounts). | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net sales | |||||||||||||||||
As reported | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Pro forma | $ | 517,166 | $ | 538,554 | $ | 1,517,926 | $ | 1,621,939 | |||||||||
Income/(loss) from continuing operations | |||||||||||||||||
As reported | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Pro forma | $ | (8,142 | ) | $ | (10,273 | ) | $ | (71,797 | ) | $ | (46,846 | ) | |||||
Income/(loss) per share from continuing operations - basic | |||||||||||||||||
As reported | $ | 0.16 | $ | 0.05 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Pro forma | $ | (0.12 | ) | $ | (0.16 | ) | $ | (1.09 | ) | $ | (0.71 | ) | |||||
Income/(loss) per share from continuing operations - diluted | |||||||||||||||||
As reported | $ | 0.13 | $ | 0.04 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Pro forma | $ | (0.12 | ) | $ | (0.16 | ) | $ | (1.09 | ) | $ | (0.71 | ) | |||||
The supplemental pro forma consolidated summary financial information is presented for comparative purposes only and does not purport to be indicative of the Company’s actual consolidated results of operations had the acquisition of certain assets of National been consummated as of the beginning of the period noted above or of the Company’s expected future results of operations. The adjustments related to the acquisition of certain assets of National supplemental pro forma consolidated summary financial information above include the removal of $4.8 million in acquisition-related expenses incurred during 2013, as well as the removal of a bargain purchase gain of $12.4 million in 2013, and the related $4.9 million of tax expense. | |||||||||||||||||
The Company has performed its assessment of the preliminary purchase price allocation by identifying and estimating the fair value of intangible and tangible assets, comprised of a leasehold interest and property, plant and equipment. Pro forma adjustments have been made to depreciation and amortization expense related to these estimated fair values, and to reflect the Company's borrowing rate in the above supplemental pro forma consolidated summary financial information. The pro forma operating results do not include any anticipated synergies related to combining the businesses. | |||||||||||||||||
Express Label | |||||||||||||||||
On December 31, 2012, the Company acquired certain assets and assumed certain liabilities of Express Label Company (“Express Label”), which had annual net sales of approximately $5.4 million prior to the acquisition by the Company. The total purchase price was approximately $5.1 million, and was preliminarily allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values at their acquisition date. The Express Label acquisition resulted in $0.1 million of goodwill, all of which is deductible for income tax purposes, and was assigned to the Company's label and packaging segment. The Company believes that the recognized goodwill related to Express Label is due to expected synergies and a reasonable market premium. The acquired identifiable intangible assets relate to: (i) customer relationships of $3.0 million, which are being amortized over their estimated useful life of 10 years; and (ii) a trade name of $0.3 million, which is being amortized over its estimated useful life of 10 years. | |||||||||||||||||
Express Label's results of operations and cash flows are included in the Company’s statements of operations and cash flows from December 31, 2012. Pro forma results for the three and nine months ended September 29, 2012, assuming the acquisition of Express Label had been made on January 1, 2012 are not presented in the table above since the effect would not be material. | |||||||||||||||||
Discontinued_Operations
Discontinued Operations | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract] | ' | ||||||||||||||||
Discontinued Operations [Text Block] | ' | ||||||||||||||||
Discontinued Operations | |||||||||||||||||
On September 28, 2013, the Company completed the sale of Custom Envelope. Net cash proceeds received in the third quarter of 2013 were approximately $42.3 million, which resulted in the recognition of an after-tax gain of $12.5 million. In addition to the proceeds, $4.9 million of purchase price consideration has been held in escrow ("the holdback amount") and will be paid subject to certain financial adjustments. As a result, the Company has not included the holdback amount in the calculation of the gain on sale of Custom Envelope at September 28, 2013. The operating results of Custom Envelope are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein. | |||||||||||||||||
During the second quarter of 2013, the Company decided to exit the San Francisco market and closed a manufacturing facility within its print and envelope segment. The operating results of this manufacturing facility are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein. | |||||||||||||||||
On February 10, 2012, the Company completed the sale of its documents and forms business ("Documents Group"). Net cash proceeds were approximately $35.5 million. The original sale price of $40.0 million was subject to customary working capital settlement negotiations, which were completed during the third quarter of 2012, pursuant to the purchase and sale agreement. The operating results of the Documents Group are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein. | |||||||||||||||||
On January 27, 2012, the Company completed the sale of its wide-format business, for cash proceeds of approximately $4.7 million. The operating results of the wide-format business are reported in discontinued operations in the Company's condensed consolidated financial statements for all periods presented herein. | |||||||||||||||||
The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's condensed consolidated balance sheets as of September 28, 2013 and December 29, 2012 (in thousands): | |||||||||||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||
Accounts receivable, net | $ | 252 | $ | 7,222 | |||||||||||||
Inventories | — | 3,534 | |||||||||||||||
Prepaid and other current assets | 87 | 509 | |||||||||||||||
Assets of discontinued operations - current | 339 | 11,265 | |||||||||||||||
Property, plant and equipment, net | 68 | 3,522 | |||||||||||||||
Goodwill | — | 4,000 | |||||||||||||||
Other intangible assets, net | — | 7,705 | |||||||||||||||
Other assets, net | — | 41 | |||||||||||||||
Assets of discontinued operations - long-term | 68 | 15,268 | |||||||||||||||
Accounts payable | 182 | 5,421 | |||||||||||||||
Accrued compensation and related liabilities | 747 | 645 | |||||||||||||||
Other current liabilities | 1,643 | 525 | |||||||||||||||
Liabilities of discontinued operations - current | 2,572 | 6,591 | |||||||||||||||
Liabilities of discontinued operations - long-term | 72 | 880 | |||||||||||||||
Net assets | $ | (2,237 | ) | $ | 19,062 | ||||||||||||
The following table summarizes certain statement of operations information for discontinued operations (in thousands, except per share data): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
28-Sep-13 | 29-Sep-12 | September 28, | September 29, | ||||||||||||||
2013 | 2012 | ||||||||||||||||
Net sales | $ | 8,447 | $ | 14,106 | $ | 34,891 | $ | 54,361 | |||||||||
Income from discontinued operations before income taxes (1) | 1,605 | 2,556 | 5,040 | 8,915 | |||||||||||||
Income tax expense on discontinued operations | 643 | 1,011 | 2,620 | 3,509 | |||||||||||||
Gain/(loss) on sale of discontinued operations, net of tax (2) | 12,530 | (92 | ) | 12,530 | (5,411 | ) | |||||||||||
Income/(loss) from discontinued operations, net of taxes | $ | 13,492 | $ | 1,453 | $ | 14,950 | $ | (5 | ) | ||||||||
Income/(loss) per share - basic | $ | 0.21 | $ | 0.02 | $ | 0.23 | $ | — | |||||||||
Income/(loss) per share - diluted | $ | 0.16 | $ | 0.02 | $ | 0.23 | $ | — | |||||||||
____________________ | |||||||||||||||||
(1) Loss from discontinued operations for the nine months ended September 29, 2012 also includes the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture. | |||||||||||||||||
(2) The gain/(loss) on the sale of discontinued operations is shown net of taxes of $10.7 million for the three and nine months September 28, 2013, $0.1 million for the three months ended September 29, 2012, and $3.4 million for the nine months ended September 29, 2012. |
Inventories
Inventories | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories [Text Block] | ' | ||||||||
Inventories | |||||||||
Inventories by major category are as follows (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 62,732 | $ | 49,001 | |||||
Work in process | 21,446 | 17,058 | |||||||
Finished goods | 67,519 | 61,176 | |||||||
$ | 151,697 | $ | 127,235 | ||||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Text Block] | ' | ||||||||
Property, Plant and Equipment | |||||||||
Property, plant and equipment are as follows (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Land and land improvements | $ | 15,028 | $ | 17,283 | |||||
Buildings and building improvements | 98,929 | 103,326 | |||||||
Machinery and equipment | 627,174 | 579,570 | |||||||
Furniture and fixtures | 11,025 | 11,170 | |||||||
Construction in progress | 12,560 | 7,060 | |||||||
764,716 | 718,409 | ||||||||
Accumulated depreciation | (457,710 | ) | (439,331 | ) | |||||
$ | 307,006 | $ | 279,078 | ||||||
Sale Leaseback Transaction | |||||||||
During the first quarter of 2013, the Company sold one manufacturing facility related to its print and envelope segment, which had a net book value of $3.7 million for net proceeds of $6.3 million, and entered into a seven-year operating lease for the same facility. In connection with the sale, the Company recorded a deferred gain of $2.6 million, which will be amortized on a straight-line basis over the term of the lease as a reduction to rent expense in cost of sales. | |||||||||
Proceeds From Long-Lived Assets | |||||||||
During the first quarter of 2013, a press in the Company's label and packaging segment was destroyed by a fire. The Company's insurance policy provided coverage for business interruption and the replacement cost of the press. The insurance settlement was finalized during the second quarter of 2013 and the Company received cash proceeds of $4.4 million, resulting in a $2.7 million gain. The gain on the insurance settlement represents the difference between the replacement cost and carrying value of the press. The gain is recorded in other income, net in the Company's condensed consolidated statements of operations. | |||||||||
During the second quarter of 2013, the Company sold one manufacturing facility, which related to its print and envelope segment, for net proceeds of $1.7 million. | |||||||||
During the second quarter of 2012, the Company sold one manufacturing facility, which related to its print and envelope segment, for net proceeds of $1.4 million. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | ||||||||||||||||||||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets [Text Block] | ' | ||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets | |||||||||||||||||||||||||||||||||||
The changes in the carrying amount of goodwill as of September 28, 2013 by reportable segment are as follows (in thousands): | |||||||||||||||||||||||||||||||||||
Print and Envelope | Label and Packaging | Total | |||||||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 75,450 | $ | 111,965 | $ | 187,415 | |||||||||||||||||||||||||||||
Acquisitions, net | — | 92 | 92 | ||||||||||||||||||||||||||||||||
Foreign currency translation | (948 | ) | — | (948 | ) | ||||||||||||||||||||||||||||||
Balance as of September 28, 2013 | $ | 74,502 | $ | 112,057 | $ | 186,559 | |||||||||||||||||||||||||||||
Other intangible assets are as follows (in thousands): | |||||||||||||||||||||||||||||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||||||||||||||||||||
Weighted Average Remaining Amortization Period (Years) | Gross | Accumulated Impairment Charges | Accumulated | Net | Gross | Accumulated Impairment Charges | Accumulated | Net | |||||||||||||||||||||||||||
Carrying | Amortization | Carrying | Carrying | Amortization | Carrying | ||||||||||||||||||||||||||||||
Amount | Amount | Amount | Amount | ||||||||||||||||||||||||||||||||
Intangible | |||||||||||||||||||||||||||||||||||
assets with | |||||||||||||||||||||||||||||||||||
definite | |||||||||||||||||||||||||||||||||||
lives: | |||||||||||||||||||||||||||||||||||
Customer relationships | 9 | $ | 161,919 | $ | (27,234 | ) | $ | (68,561 | ) | $ | 66,124 | $ | 159,296 | $ | (27,234 | ) | $ | (62,055 | ) | $ | 70,007 | ||||||||||||||
Trademarks and trade names | 23 | 20,914 | — | (6,579 | ) | 14,335 | 20,701 | — | (5,938 | ) | 14,763 | ||||||||||||||||||||||||
Leasehold interest | 20 | 3,728 | — | — | 3,728 | — | — | — | — | ||||||||||||||||||||||||||
Patents | 10 | 3,528 | — | (2,989 | ) | 539 | 3,528 | — | (2,839 | ) | 689 | ||||||||||||||||||||||||
Non-compete agreements | 140 | — | (140 | ) | — | 510 | — | (510 | ) | — | |||||||||||||||||||||||||
Subtotal | 12 | 190,229 | (27,234 | ) | (78,269 | ) | 84,726 | 184,035 | (27,234 | ) | (71,342 | ) | 85,459 | ||||||||||||||||||||||
Intangible | |||||||||||||||||||||||||||||||||||
assets with | |||||||||||||||||||||||||||||||||||
indefinite | |||||||||||||||||||||||||||||||||||
lives: | |||||||||||||||||||||||||||||||||||
Trademarks | 141,740 | (22,000 | ) | — | 119,740 | 141,740 | (22,000 | ) | — | 119,740 | |||||||||||||||||||||||||
Total | $ | 331,969 | $ | (49,234 | ) | $ | (78,269 | ) | $ | 204,466 | $ | 325,775 | $ | (49,234 | ) | $ | (71,342 | ) | $ | 205,199 | |||||||||||||||
Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands): | |||||||||||||||||||||||||||||||||||
Annual Estimated | |||||||||||||||||||||||||||||||||||
Expense | |||||||||||||||||||||||||||||||||||
2013 | $ | 9,755 | |||||||||||||||||||||||||||||||||
2014 | 9,818 | ||||||||||||||||||||||||||||||||||
2015 | 8,373 | ||||||||||||||||||||||||||||||||||
2016 | 7,262 | ||||||||||||||||||||||||||||||||||
2017 | 7,203 | ||||||||||||||||||||||||||||||||||
Sale of Intangible Asset | |||||||||||||||||||||||||||||||||||
During the second quarter of 2012, the Company received proceeds of $1.7 million related to the buyout of a royalty agreement by a third party. The royalty agreement was recorded as an intangible asset. As a result of this transaction, the Company recorded a gain of $1.3 million in other income, net in its condensed consolidated statements of operations. | |||||||||||||||||||||||||||||||||||
Asset Impairments | |||||||||||||||||||||||||||||||||||
There were no goodwill or intangible asset impairments recorded in the three and nine months ended September 28, 2013 and September 29, 2012. Continued performance by the Company's Print reporting unit that is consistent with its year-to-date performance may result in an impairment charge on both goodwill and indefinite-lived intangible assets at the time of the annual test at the beginning of December. As of September 28, 2013, goodwill and indefinite-lived intangible asset carrying values for the Print reporting unit were $51.1 million and $44.8 million, respectively. | |||||||||||||||||||||||||||||||||||
The Company also continues to monitor the recoverability of its deferred tax assets. Based on the outcome of the items mentioned above, an adjustment to the amount of valuation allowance recorded against its deferred tax assets may be necessary. |
LongTerm_Debt
Long-Term Debt | 9 Months Ended | |||||||
Sep. 28, 2013 | ||||||||
Debt Disclosure [Abstract] | ' | |||||||
Long-Term Debt [Text Block] | ' | |||||||
Long-Term Debt | ||||||||
Long-term debt is as follows (in thousands): | ||||||||
September 28, | December 29, | |||||||
2013 | 2012 | |||||||
ABL facility, due 2017 | $ | 81,800 | $ | — | ||||
Revolving credit facility, due 2014 | — | 18,000 | ||||||
7.875% senior subordinated notes, due 2013 | — | 67,848 | ||||||
Term loan facility, due 2017 ($358.2 million outstanding principal amount as of September 28, 2013) | 354,577 | — | ||||||
Term Loan B, due 2016 ($388.2 million outstanding principal amount as of December 29, 2012) | — | 385,547 | ||||||
7% senior exchangeable notes, due 2017 | 86,250 | 86,250 | ||||||
11.5% senior notes, due 2017 ($225.0 million outstanding principal amount as of September 28, 2013 and December 29, 2012) | 218,703 | 217,675 | ||||||
15% unsecured term loan, due 2017 ($20.0 million outstanding principal amount as of September 28, 2013) | 19,000 | — | ||||||
8.875% senior second lien notes, due 2018 ($400.0 million outstanding principal amount as of September 28, 2013 and December 29, 2012) | 398,242 | 398,001 | ||||||
Other debt including capital leases | 29,510 | 10,297 | ||||||
1,188,082 | 1,183,618 | |||||||
Less current maturities | (12,425 | ) | (11,748 | ) | ||||
Long-term debt | $ | 1,175,657 | $ | 1,171,870 | ||||
The estimated fair value of the Company’s long-term debt was approximately $1.2 billion as of September 28, 2013 and December 29, 2012. The fair value was determined by the Company to be Level 2 under the fair value hierarchy and was based upon review of observable pricing in secondary markets for each debt instrument. | ||||||||
As of September 28, 2013, the Company was in compliance with all debt agreement covenants. Certain acquisitions or dispositions of assets or prolonged declines in operating performance may require the Company to obtain consents and/or amendments from its lender base in accordance with its debt agreements. While the Company expects that any necessary consent or amendment would be obtained, there can be no assurance this will be the case. Any such consent or amendment may result in up-front fees or higher interest costs. A consent or amendment may also involve other changes to the Company's debt agreements that, while not directly related to changing covenants that are directly related to such acquisitions or dispositions or to the operating performance of the Company, may restrict the Company's future operating flexibility. | ||||||||
Unsecured Credit Facilities | ||||||||
On January 18, 2013, the Company entered into an unsecured credit agreement with Macquarie US Trading LLC, as administrative agent, and the lenders named therein, which provided for an unsecured $50.0 million aggregate principal amount term loan due March 31, 2017 (the “Unsecured Term Loan”). In connection with the Unsecured Term Loan, the Company capitalized debt issuance costs of $6.1 million, of which $2.5 million relates to original issuance discount. In connection with the Unsecured Term Loan, all of the Company's North American subsidiaries as guarantors, entered into a guaranty agreement, dated as of January 18, 2013 (the “Guaranty”), in favor of the administrative agent. Proceeds from the Unsecured Term Loan together with borrowings on its $170 million revolving credit facility due 2014 ("Revolving Credit Facility") were used to redeem, satisfy and discharge in full the Company's 7.875% senior subordinated notes due 2013, ("7.875% Notes"), and to pay certain fees and expenses incurred in connection with the Unsecured Term Loan and the redemption, satisfaction and discharge of the 7.875% Notes. On January 22, 2013, U.S. Bank National Association, the trustee for the 7.875% Notes officially canceled the 7.875% Notes. | ||||||||
The Unsecured Term Loan bears interest at a rate of 15% per annum, payable quarterly in arrears on the 25th day of each February, May, August and November prior to the maturity of the Unsecured Term Loan and on the maturity date of the Unsecured Term Loan. If the Company does not pay in full a quarterly excess cash flow mandatory prepayment pursuant to the terms of the Unsecured Term Loan, interest on the outstanding principal amount of the Unsecured Term Loan will instead accrue at 25% per annum until the first prepayment date thereafter when the full excess cash flow mandatory prepayment is made by the Company. In addition, for so long as the increased interest rate pursuant to the previous sentence is not applicable, if on any interest payment date the outstanding principal amount of the Unsecured Term Loan exceeds a specified threshold amount, which threshold amount equaled $37.5 million on August 25, 2013 and decreases by $6.3 million on each interest payment date thereafter, then on and after each such interest payment date an additional 10% per annum will accrue on such excess. The Unsecured Term Loan is guaranteed by the Company and each existing and future direct and indirect North American subsidiary of Cenveo on an unsecured basis pursuant to the Guaranty. The Unsecured Term Loan contains customary covenants that, among other things, place limits on the ability of Cenveo, the Company, and/or the other guarantors to incur debt, create liens, make investments and acquisitions, sell assets, pay dividends, prepay debt, merge with other entities or sell all or substantially all their assets, engage in transactions with affiliates, and make capital expenditures. The Unsecured Term Loan also contains customary representations and warranties and events of default. | ||||||||
Other Debt | ||||||||
On September 16, 2013, in connection with the acquisition of certain assets of National, the Company entered into an equipment loan in the aggregate amount of $20.0 million, secured by the machinery and equipment of National. Interest on the equipment loan accrues at a rate of the London Interbank Offered Rate ("LIBOR") plus 11% per year and is payable monthly in arrears for a period of five years beginning on November 1, 2013. In connection with the equipment loan, the Company capitalized debt issuance costs of $0.7 million. | ||||||||
Refinancing | ||||||||
On April 16, 2013, the Company completed the refinancing of its Revolving Credit Facility and its existing term loan B due 2016 (the "Term Loan B," and collectively with the Revolving Credit Facility, the “Refinanced Facility”) by entering into: (i) a Second Amended and Restated Credit Agreement providing for a $360 million secured term loan facility (the “Term Loan Facility”), with a syndicate of lenders arranged by Bank of America, N.A., Macquarie Capital (USA) Inc. and Barclays Bank PLC, with Bank of America, N.A. serving as administrative agent, syndication agent and documentation agent; and (ii) a Credit Agreement providing for a $200 million asset-based revolving credit facility, (the “ABL Facility”; and together with the Term Loan Facility the “2013 Credit Facilities”), with a syndicate of lenders arranged by Bank of America, N.A., Barclays Bank PLC, General Electric Capital Corporation and Wells Fargo Bank, National Association, with Bank of America, N.A. serving as administrative agent, issuing bank and swingline lender. In connection with the 2013 Credit Facilities, the Company capitalized debt issuance costs of $7.2 million, of which $1.8 million relates to original issuance discount. Proceeds from the 2013 Credit Facilities together with available cash on hand were used to refinance the outstanding term loans and revolving loans, and accrued interest thereon, under the Refinanced Facility, and to pay certain fees and expenses incurred in connection with the transactions. | ||||||||
Borrowing rates under each of the 2013 Credit Facilities are selected at the Company's option at the time of each borrowing and are generally based on LIBOR or the prime rate publicly announced by Bank of America, N.A. from time to time, in each case plus a specified interest rate margin. With respect to the Term Loan Facility, LIBOR-based borrowings have an interest rate of not less than 1.25% per annum plus an applicable margin of 5.00% per annum, and prime rate borrowings have an interest rate of not less than 2.25% per annum plus an applicable margin of 4.00% per annum. With respect to the ABL Facility, LIBOR-based borrowings have an interest rate margin ranging from 2.00% to 2.50% per annum, and prime rate borrowings have an interest rate margin ranging from 1.00% to 1.50% per annum, in each case depending on average availability under the ABL Facility for the most recent fiscal quarter. Under the ABL Facility, the Company pays a commitment fee on unused revolving loan commitments of 0.375% per annum or 0.50% per annum, depending on average usage under the ABL Facility for the most recent fiscal quarter. | ||||||||
Under the Term Loan Facility, the term loan amortizes in quarterly installments equal to 1.00% per year, commencing June 21, 2013, with the remaining principal balance due at maturity on February 13, 2017. Under the ABL Facility, all loans mature on February 13, 2017. Under each of the 2013 Credit Facilities, the Company may elect, in its sole discretion, to extend the maturity date upon the satisfaction of certain conditions related to the refinancing of the Company's outstanding indebtedness under its 11.5% senior notes due 2017 (the “11.5% Notes”) and its 8.875% senior second lien notes due 2018 (the “8.875% Notes”). If such conditions are satisfied, the maturity date of the Term Loan Facility may be extended to April 16, 2020 and the maturity date of the ABL Facility may be extended to April 16, 2018. | ||||||||
The obligations under the 2013 Credit Facilities are each guaranteed by the Company and each existing and future direct and indirect North American subsidiary. The 2013 Credit Facilities are secured by a first priority perfected security interest in substantially all assets of the Company and its North American subsidiaries, including: (i) all capital stock of each present and future subsidiary (with certain exclusions of foreign subsidiaries); (ii) all present and future inter-company debt; (iii) all intellectual property rights, including patents, trademarks and copyrights; and (iv) substantially all of the present and future other property and assets, including material real property. | ||||||||
The Term Loan Facility contains a maximum consolidated leverage ratio covenant, and the ABL Facility contains a minimum consolidated fixed charge coverage ratio covenant that applies if availability thereunder falls below a certain level. In addition, each of the 2013 Credit Facilities contains customary covenants that, among other things, place limits on the Company's ability to incur debt, create liens, make investments and acquisitions, sell assets, pay dividends, prepay subordinated debt, merge with other entities, engage in transactions with affiliates, and make capital expenditures. The 2013 Credit Facilities also contain customary events of default. | ||||||||
In connection with the 2013 Credit Facilities, the Company entered into a third supplemental indenture to the indenture dated as of February 5, 2010, among the Company, the guarantors named therein and Wells Fargo Bank, National Association, as trustee, pursuant to which the Company's 8.875% Notes were issued. | ||||||||
Also in connection with the 2013 Credit Facilities, the Company entered into an Amendment No. 1 to its existing Unsecured Term Loan. The Unsecured Term Loan was amended in order to, among other things, permit the refinancing of the Refinanced Facility. | ||||||||
Extinguishments | ||||||||
During the three months ended September 28, 2013, the Company incurred an aggregate loss on early extinguishment of $1.6 million related to the pay down of $15.0 million of debt relating to its Unsecured Term Loan, of which $0.9 million related to the write-off of unamortized debt issuance costs and $0.7 million related to the write-off of original issuance discount. | ||||||||
During the nine months ended September 28, 2013, and in connection with the refinancing of the Refinanced Facility, the Company recorded a loss on early extinguishment of debt of approximately $6.4 million, of which $4.1 million related to consent fees paid to consenting lenders, $2.1 million related to the write-off of unamortized debt issuance costs and $0.2 million related to the write-off of original issuance discount. Additionally, the Company recorded a loss on early extinguishment of debt of approximately $2.9 million related to the extinguishment of $30.0 million of its Unsecured Term Loan, of which $1.6 million related to the write-off of unamortized debt issuance costs and $1.3 million related to the write-off of original issuance discount. | ||||||||
In the third quarter of 2012, the Company purchased in the open market approximately $16.0 million of its 7.875% Notes and retired them for $16.2 million including accrued and unpaid interest. In connection with the retirement, the Company wrote-off $0.1 million of unamortized debt issuance costs. | ||||||||
In the second quarter of 2012, the Company purchased in the open market approximately $50.0 million of its 7.875% Notes and retired them for $49.5 million plus accrued and unpaid interest. In connection with the retirement, the Company recorded a gain on early extinguishment of debt of $0.3 million, which includes the write-off of $0.1 million of unamortized debt issuance costs. | ||||||||
In the first quarter of 2012 and in connection with the refinancing of the Company's debt, the Company incurred a loss from early extinguishment of debt of $12.7 million, of which $9.6 million related to tender and consent fees paid to consenting lenders of its 7.875% Notes, 10.5% senior notes due 2106 ("10.5% Notes") and 8.375% senior subordinated notes due 2014 ("8.375% Notes") and $3.1 million related to the write-off of previously unamortized debt issuance costs. Prior to the refinancing and in the first quarter of 2012, the Company purchased in the open market approximately $13.8 million, $5.0 million and $2.0 million of its 7.875% Notes, 10.5% Notes and 8.375% Notes, respectively, and retired them for $12.2 million, $4.9 million and $1.6 million, respectively, plus accrued and unpaid interest. In connection with the retirement of these 7.875% Notes, 10.5% Notes and 8.375% Notes, the Company recorded a gain on early extinguishment of debt of approximately $2.1 million, which included the write-off of $0.1 million of unamortized debt issuance costs. | ||||||||
The Company may from time to time seek to purchase its outstanding notes in open market purchases, privately negotiated transactions or other means. Such repurchases, if any, will depend on prevailing market conditions, the Company's liquidity requirements, contractual restrictions and other factors. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 28, 2013 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Commitments and Contingencies [Text Block] | ' |
Commitments and Contingencies | |
The Company is party to various legal actions that are ordinary and incidental to its business. While the outcome of pending legal actions cannot be predicted with certainty, management believes the outcome of these various proceedings will not have a material effect on the Company’s financial statements. In January 2012, the Company reached an agreement with all parties to settle all controversies and disputes with prejudice in connection with certain civil litigations filed in the United States District Court for the Northern District of New York and in the Superior Court of New Jersey, Burlington County. The Company funded this settlement in the first quarter of 2012. | |
The Company is involved in certain environmental matters and has been designated as a potentially responsible party for certain hazardous waste sites. There have been no material changes related to these environmental matters and, based on information currently available, the Company believes that remediation of these environmental matters will not have a material effect on the Company’s financial statements. | |
The Company’s income, sales and use, and other tax returns are routinely subject to audit by various authorities. The Company believes that the resolution of any matters raised during such audits will not have a material effect on the Company’s financial statements. | |
The Company participates in a number of multi-employer pension plans for union employees (“Multi-Employer Plans”) and is exposed to significant risks and uncertainties arising from its participation in these Multi-Employer Plans. These risks and uncertainties, including changes in future contributions due to partial or full withdrawal of the Company and other participating employers from these Multi-Employer Plans, could significantly increase the Company’s future contributions or the underfunded status of these Multi-Employer Plans. Two of the Multi-Employer Plans are in mass withdrawal status. While it is not possible to quantify the potential impact of future actions of the Company or other participating employers from these Multi-Employer Plans, continued participation in or withdrawal from these multi-employer pension plans could have a material effect on the Company’s financial statements. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements [Text Block] | ' | ||||||||||||||||
Fair Value Measurements | |||||||||||||||||
Certain assets and liabilities of the Company are required to be recorded at fair value on either a recurring or non-recurring basis. Fair value is determined based on the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants. | |||||||||||||||||
The fair value of the Company’s cash and cash equivalents, accounts receivable, net, current maturities of long-term debt (Note 7) and accounts payable approximate their carrying value due to their short term nature. On a recurring basis, the Company records its pension plan assets at fair value. | |||||||||||||||||
The table below presents the carrying value and fair value of these assets and liabilities of the Company as of September 28, 2013 and December 29, 2012, respectively (in thousands): | |||||||||||||||||
September 28, | December 29, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
Value | Value | Value | Value | ||||||||||||||
Cash and cash equivalents | $ | 8,538 | $ | 8,538 | $ | 8,110 | $ | 8,110 | |||||||||
Accounts receivable, net | 266,932 | 266,932 | 254,389 | 254,389 | |||||||||||||
Current maturities of long-term debt | 12,425 | 12,425 | 11,748 | 11,748 | |||||||||||||
Accounts payable | 227,316 | 227,316 | 179,850 | 179,850 | |||||||||||||
The Company is required, on a non-recurring basis, to adjust the carrying value of its long-lived assets held (Note 5), goodwill and other intangible assets (Note 6). These assets were determined by the Company to be Level 2 and Level 3 under the fair value hierarchy and are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence that impairment may exist. The Company also records the assets and liabilities assumed in its acquisitions (Note 2) at fair value. |
Retirement_Plans
Retirement Plans | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||||||
Retirement Plans [Text Block] | ' | ||||||||||||||||
Retirement Plans | |||||||||||||||||
The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Service cost | $ | — | $ | 415 | $ | — | $ | 1,449 | |||||||||
Interest cost | 3,421 | 3,642 | 10,263 | 10,908 | |||||||||||||
Expected return on plan assets | (4,618 | ) | (4,141 | ) | (13,854 | ) | (12,657 | ) | |||||||||
Net amortization and deferral | (2 | ) | (1 | ) | (6 | ) | (3 | ) | |||||||||
Recognized net actuarial loss | 1,992 | 1,562 | 5,976 | 4,818 | |||||||||||||
Net periodic expense | $ | 793 | $ | 1,477 | $ | 2,379 | $ | 4,515 | |||||||||
Interest cost on projected benefit obligation includes $0.2 million related to the Company’s other postretirement plans in each of the three months ended September 28, 2013 and September 29, 2012, and $0.6 million and $0.7 million in the nine months ended September 28, 2013 and September 29, 2012, respectively. | |||||||||||||||||
For the nine months ended September 28, 2013, the Company made contributions of $12.4 million to its pension plans and other postretirement plans. The Company expects to contribute approximately $3.7 million to its pension plans and other postretirement plans for the remainder of 2013. |
StockBased_Compensation
Stock-Based Compensation | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Share-based Compensation [Abstract] | ' | ||||||||||||
Stock-Based Compensation [Text Block] | ' | ||||||||||||
Stock-Based Compensation | |||||||||||||
Total stock-based compensation expense recognized in selling, general and administrative expenses in the Company’s condensed consolidated statements of operations was $0.9 million and $2.9 million for the three and nine months ended September 28, 2013, respectively, and $1.5 million and $4.4 million for the three and nine months ended September 29, 2012, respectively. | |||||||||||||
As of September 28, 2013, there was approximately $5.2 million of total unrecognized compensation cost related to unvested stock-based compensation grants, which is expected to be amortized over a weighted-average period of 1.3 years. | |||||||||||||
Stock Options | |||||||||||||
A summary of the Company’s outstanding stock options as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
Options | Weighted | Weighted | Aggregate | ||||||||||
Average | Average | Intrinsic | |||||||||||
Exercise | Remaining | Value (a) | |||||||||||
Price | Contractual | (in thousands) | |||||||||||
Term | |||||||||||||
(In Years) | |||||||||||||
Outstanding at December 29, 2012 | 2,226,000 | $ | 7.75 | 2.7 | $ | — | |||||||
Granted | 189,500 | 2 | |||||||||||
Exercised | (10,000 | ) | 2 | $ | — | ||||||||
Forfeited/expired | (512,500 | ) | 15.05 | ||||||||||
Outstanding at September 28, 2013 | 1,893,000 | $ | 5.23 | 2.6 | $ | 172 | |||||||
Exercisable at September 28, 2013 | 1,381,625 | $ | 5.44 | 2.1 | $ | — | |||||||
(a) | Intrinsic value for purposes of this table represents the amount by which the fair value of the underlying stock, based on the respective market prices at September 28, 2013 or, if exercised, the exercise dates, exceeds the exercise prices of the respective options. | ||||||||||||
The weighted-average grant date fair value of stock options granted during the nine months ended September 28, 2013, were at exercise prices equal to the market price of the stock on the grant dates, as calculated under the Black-Scholes Model with the weighted-average assumptions as follows: | |||||||||||||
Weighted average fair value of option grants during the year | $ | 1.01 | |||||||||||
Assumptions: | |||||||||||||
Expected option life in years | 4.25 | ||||||||||||
Risk-free interest rate | 0.5 | % | |||||||||||
Expected volatility | 65.7 | % | |||||||||||
Expected dividend yield | 0 | % | |||||||||||
The risk-free interest rate represents the United States Treasury Bond constant maturity yield approximating the expected option life of stock options granted during the period. The expected option life represents the period of time that the stock options granted during the period are expected to be outstanding, based on the mid-point between the vesting date and contractual expiration date of the option. The expected volatility is based on the historical market price volatility of the Company’s common stock for the expected term of the options, adjusted for expected mean reversion. | |||||||||||||
RSUs | |||||||||||||
A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
RSUs | Weighted Average | ||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Unvested at December 29, 2012 | 1,074,340 | $ | 5.44 | ||||||||||
Granted | 549,500 | 2 | |||||||||||
Vested | (492,500 | ) | 5.71 | ||||||||||
Forfeited | (1,250 | ) | 5.62 | ||||||||||
Unvested at September 28, 2013 | 1,130,090 | $ | 3.65 | ||||||||||
The total fair value of RSUs, which vested during the three and nine months ended September 28, 2013, was $0.3 million and $1.2 million, respectively, as of the respective vesting dates. | |||||||||||||
PSUs | |||||||||||||
A summary of the Company's non-vested performance share units ("PSUs") as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
PSUs | Weighted Average | ||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Unvested at December 29, 2012 | — | $ | — | ||||||||||
Granted | 730,500 | 2 | |||||||||||
Vested | — | — | |||||||||||
Forfeited | (7,500 | ) | 2 | ||||||||||
Unvested at September 28, 2013 | 723,000 | $ | 2 | ||||||||||
On May 1, 2013, 730,500 PSUs were granted to certain employees, with each award representing the right to receive one share of the Company's common stock upon the achievement of certain established performance targets and service conditions. The performance period for the awards is December 30, 2012 through December 28, 2013. Distributions under these awards are payable on the one year anniversary of the grant date provided the grantee's employment has not ceased prior to such date. | |||||||||||||
The fair value of these awards was determined based on the Company's stock price on the grant date. These awards are subject to forfeiture upon termination of employment prior to vesting. | |||||||||||||
There was no compensation expense related to PSUs recognized in selling, general and administrative expenses in the Company's condensed consolidated statements of operations for the three and nine months ended September 28, 2013. There were no performance share unit awards granted in fiscal year 2012. |
Restructuring_Impairment_and_O
Restructuring, Impairment and Other Charges | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||||||||||||||
Restructuring Costs and Asset Impairment Charges [Abstract] | ' | ||||||||||||||||||||||||||||
Restructuring, Impairment and Other Charges [Text Block] | ' | ||||||||||||||||||||||||||||
Restructuring, Impairment and Other Charges | |||||||||||||||||||||||||||||
2013 Plan | |||||||||||||||||||||||||||||
During the first quarter of 2013, the Company began implementing a cost savings initiative (the "2013 Plan"), which primarily focuses on overhead cost eliminations including headcount reductions of approximately 200 employees to date and the potential closure of certain manufacturing facilities. The Company expects to be substantially complete with the 2013 Plan by the end of 2013. | |||||||||||||||||||||||||||||
2012 Plan | |||||||||||||||||||||||||||||
In 2012, the Company announced the closure and consolidations of a print plant and an envelope plant into its existing print operations. Additionally, the Company began implementing a cost savings initiative (the "2012 Plan"), which primarily focused on the Company's print and envelope segment and corporate expenses. This initiative focused on the consolidation of office and warehouse space and other overhead cost elimination plans, including headcount reductions. The Company substantially completed the 2012 Plan during the first quarter of 2013. | |||||||||||||||||||||||||||||
Residual Plans | |||||||||||||||||||||||||||||
The Company currently has certain residual cost savings, restructuring and integration plans: (i) the 2011 plan implemented by the print and envelope and the label and packaging segments for further cost savings initiatives ("the Other Restructuring Plans"); and (ii) the 2009 Cost Savings and Restructuring Plan, the 2007 Cost Savings and Integration Plan and the 2005 Cost Savings and Restructuring Plan (which collectively with the Other Restructuring Plans, the "Residual Plans"). As a result of these cost savings actions, over the last seven years the Company has closed or consolidated a significant amount of manufacturing facilities and has had a significant number of headcount reductions. The Company does not anticipate any significant future expenses related to the Residual Plans, other than modifications to its current assumptions for lease terminations, multi-employer pension withdrawal liabilities and ongoing expenses related to maintaining restructured assets. | |||||||||||||||||||||||||||||
Acquisition Integration Plans | |||||||||||||||||||||||||||||
Upon the completion of the acquisition of certain assets of National, the Company developed and began implementing a plan to integrate those assets (the "National Plan") into its existing envelope operations. Since the date of acquisition, activities related to the National Plan included the closure and consolidation of a warehouse into the Company's existing envelope operations and the elimination of duplicative headcount. The Company expects the National Plan to be completed during the 2015 fiscal year. | |||||||||||||||||||||||||||||
Upon the completion of the Envelope Product Group ("EPG") acquisition, the Company developed and implemented its plan to integrate EPG into its existing envelope operations. Since the date of acquisition, activities related to the EPG Plan have included the closure and consolidation of five manufacturing facilities, including the closure of one during the second quarter of 2013, into the Company's existing operations and the elimination of duplicative headcount. The Company has substantially completed the integration of EPG, but may have additional closure or consolidation of manufacturing facilities and further headcount reductions. | |||||||||||||||||||||||||||||
The following tables present the details of the expenses recognized as a result of these plans. | |||||||||||||||||||||||||||||
2013 Activity | |||||||||||||||||||||||||||||
Restructuring, impairment and other charges for the three months ended September 28, 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2013 Plan | $ | 1,353 | $ | — | $ | — | $ | 199 | $ | — | $ | 92 | $ | 1,644 | |||||||||||||||
2012 Plan | (18 | ) | — | 10 | 2 | — | 54 | 48 | |||||||||||||||||||||
Residual Plans | — | — | — | 81 | 120 | 80 | 281 | ||||||||||||||||||||||
Acquisition Integration Plans | (142 | ) | 263 | 287 | 26 | — | 177 | 611 | |||||||||||||||||||||
Total Print and Envelope | 1,193 | 263 | 297 | 308 | 120 | 403 | 2,584 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2013 Plan | 578 | — | — | — | — | — | 578 | ||||||||||||||||||||||
2012 Plan | — | — | — | — | — | 1 | 1 | ||||||||||||||||||||||
Total Label and Packaging | 578 | — | — | — | — | 1 | 579 | ||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
2013 Plan | 36 | — | — | 64 | — | 43 | 143 | ||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 31 | 31 | ||||||||||||||||||||||
Total Corporate | 36 | — | — | 64 | — | 74 | 174 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 1,807 | $ | 263 | $ | 297 | $ | 372 | $ | 120 | $ | 478 | $ | 3,337 | |||||||||||||||
Restructuring, impairment and other charges for the nine months ended September 28, 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2013 Plan | $ | 2,695 | $ | — | $ | 10 | $ | 289 | $ | — | $ | 126 | $ | 3,120 | |||||||||||||||
2012 Plan | (49 | ) | 265 | 232 | 210 | — | 746 | 1,404 | |||||||||||||||||||||
Residual Plans | — | — | 10 | 529 | 322 | 234 | 1,095 | ||||||||||||||||||||||
Acquisition Integration Plans | 319 | 133 | 996 | 29 | — | 516 | 1,993 | ||||||||||||||||||||||
Total Print and Envelope | 2,965 | 398 | 1,248 | 1,057 | 322 | 1,622 | 7,612 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2013 Plan | 748 | — | — | — | — | — | 748 | ||||||||||||||||||||||
2012 Plan | 1 | — | — | — | — | 14 | 15 | ||||||||||||||||||||||
Residual Plans | (4 | ) | — | — | (188 | ) | — | — | (192 | ) | |||||||||||||||||||
Total Label and Packaging | 745 | — | — | (188 | ) | — | 14 | 571 | |||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
2013 Plan | 1,827 | — | — | 64 | — | 64 | 1,955 | ||||||||||||||||||||||
Residual Plans | 23 | — | — | — | — | 82 | 105 | ||||||||||||||||||||||
Total Corporate | 1,850 | — | — | 64 | — | 146 | 2,060 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 5,560 | $ | 398 | $ | 1,248 | $ | 933 | $ | 322 | $ | 1,782 | $ | 10,243 | |||||||||||||||
2012 Activity | |||||||||||||||||||||||||||||
Restructuring, impairment and other charges for the three months ended September 29, 2012 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2012 Plan | $ | 1,200 | $ | (3 | ) | $ | 20 | $ | 6 | $ | — | $ | 180 | $ | 1,403 | ||||||||||||||
Residual Plans | 112 | — | 8 | 5 | 169 | 107 | 401 | ||||||||||||||||||||||
Acquisition Integration Plans | 657 | 792 | 43 | 125 | — | 69 | 1,686 | ||||||||||||||||||||||
Total Print and Envelope | 1,969 | 789 | 71 | 136 | 169 | 356 | 3,490 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2012 Plan | 632 | — | — | — | — | 2 | 634 | ||||||||||||||||||||||
Residual Plans | 26 | — | — | (9 | ) | — | — | 17 | |||||||||||||||||||||
Total Label and Packaging | 658 | — | — | (9 | ) | — | 2 | 651 | |||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 49 | 49 | ||||||||||||||||||||||
Total Corporate | — | — | — | — | — | 49 | 49 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 2,627 | $ | 789 | $ | 71 | $ | 127 | $ | 169 | $ | 407 | $ | 4,190 | |||||||||||||||
Restructuring, impairment and other charges for the nine months ended September 29, 2012 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2012 Plan | $ | 3,444 | $ | 6,631 | $ | 532 | $ | 342 | $ | 5,400 | $ | 1,251 | $ | 17,600 | |||||||||||||||
Residual Plans | 451 | — | 47 | 219 | (313 | ) | 964 | 1,368 | |||||||||||||||||||||
Acquisition Integration Plans | 953 | 824 | 88 | 176 | — | 238 | 2,279 | ||||||||||||||||||||||
Total Print and Envelope | 4,848 | 7,455 | 667 | 737 | 5,087 | 2,453 | 21,247 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2012 Plan | 709 | — | 6 | — | — | 13 | 728 | ||||||||||||||||||||||
Residual Plans | 382 | — | — | 43 | — | 4 | 429 | ||||||||||||||||||||||
Acquisition Integration Plans | — | — | (4 | ) | — | — | — | (4 | ) | ||||||||||||||||||||
Total Label and Packaging | 1,091 | — | 2 | 43 | — | 17 | 1,153 | ||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 166 | 166 | ||||||||||||||||||||||
Total Corporate | — | — | — | — | — | 166 | 166 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 5,939 | $ | 7,455 | $ | 669 | $ | 780 | $ | 5,087 | $ | 2,636 | $ | 22,566 | |||||||||||||||
A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee Separation Cost | Lease Termination | Pension | Building Clean-up, | Total | |||||||||||||||||||||||||
Withdrawal | Equipment Moving | ||||||||||||||||||||||||||||
Liabilities | and Other Expenses | ||||||||||||||||||||||||||||
2013 Plan | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
Accruals, net | 5,270 | 353 | — | 200 | 5,823 | ||||||||||||||||||||||||
Payments | (3,903 | ) | (199 | ) | — | (200 | ) | (4,302 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 1,367 | $ | 154 | $ | — | $ | — | $ | 1,521 | |||||||||||||||||||
2012 Plan | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 1,199 | $ | 493 | $ | 5,400 | $ | — | $ | 7,092 | |||||||||||||||||||
Accruals, net | (48 | ) | 210 | — | 992 | 1,154 | |||||||||||||||||||||||
Payments | (1,025 | ) | (336 | ) | — | (992 | ) | (2,353 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 126 | $ | 367 | $ | 5,400 | $ | — | $ | 5,893 | |||||||||||||||||||
Residual Plans | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 127 | $ | 2,017 | $ | 19,519 | $ | — | $ | 21,663 | |||||||||||||||||||
Accruals, net | 19 | 341 | 322 | 326 | 1,008 | ||||||||||||||||||||||||
Payments | (146 | ) | (1,086 | ) | (2,259 | ) | (326 | ) | (3,817 | ) | |||||||||||||||||||
Balance as of September 28, 2013 | $ | — | $ | 1,272 | $ | 17,582 | $ | — | $ | 18,854 | |||||||||||||||||||
Acquisition Integration Plans | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 298 | $ | 1,088 | $ | — | $ | — | $ | 1,386 | |||||||||||||||||||
Accruals, net | 319 | 29 | — | 1,512 | 1,860 | ||||||||||||||||||||||||
Payments | (547 | ) | (310 | ) | — | (1,512 | ) | (2,369 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 70 | $ | 807 | $ | — | $ | — | $ | 877 | |||||||||||||||||||
Income_Loss_Per_Share
Income (Loss) Per Share | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Income (Loss) per Share [Text Block] | ' | ||||||||||||||||
Income/(Loss) per Share | |||||||||||||||||
Basic income/(loss) per share is computed based upon the weighted average number of common shares outstanding for the period. When applicable, diluted income/(loss) per share is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options, RSUs and PSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% senior exchangeable notes due 2017 ("7% Notes") being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent. | |||||||||||||||||
For the nine months ended September 28, 2013 and September 29, 2012, the effect of approximately 24,041,047 and 25,066,150 shares, respectively, related to the exchange of the 7% Notes for common stock and the issuance of common stock upon exercise of Equity Awards, were excluded from the calculation of diluted income/(loss) per share, as the effect would be anti-dilutive. | |||||||||||||||||
The following table sets forth the computation of basic and diluted income/(loss) per share for the periods ended (in thousands, except per share data): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Numerator for basic and diluted income/(loss) per share: | |||||||||||||||||
Income/(loss) from continuing operations | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | (5 | ) | ||||||||||||
Net income/(loss) | $ | 23,983 | $ | 4,475 | $ | (14,045 | ) | $ | (23,144 | ) | |||||||
Numerator for diluted income/(loss) per share: | |||||||||||||||||
Income/(loss) from continuing operations - as reported | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Interest expense on 7% Notes, net of taxes | 1,020 | 1,020 | — | — | |||||||||||||
Income/(loss) from continuing operations - after assumed conversions of dilutive shares | 11,511 | 4,042 | (28,995 | ) | (23,139 | ) | |||||||||||
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | (5 | ) | ||||||||||||
Net income/(loss) for diluted income (loss) per share after assumed conversions of dilutive shares | $ | 25,003 | $ | 5,495 | $ | (14,045 | ) | $ | (23,144 | ) | |||||||
Denominator for weighted average common shares outstanding: | |||||||||||||||||
Basic shares | 64,333 | 63,624 | 64,032 | 63,502 | |||||||||||||
Dilutive effect of convertible notes | 20,831 | 20,831 | — | — | |||||||||||||
Dilutive effect of equity awards | 868 | 89 | — | — | |||||||||||||
Diluted shares | 86,032 | 84,544 | 64,032 | 63,502 | |||||||||||||
Income/(loss) per share – basic: | |||||||||||||||||
Continuing operations | $ | 0.16 | $ | 0.05 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Discontinued operations | 0.21 | 0.02 | 0.23 | — | |||||||||||||
Net income/(loss) | $ | 0.37 | $ | 0.07 | $ | (0.22 | ) | $ | (0.36 | ) | |||||||
Income/(loss) per share – diluted: | |||||||||||||||||
Continuing operations | $ | 0.13 | $ | 0.04 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Discontinued operations | 0.16 | 0.02 | 0.23 | — | |||||||||||||
Net income/(loss) | $ | 0.29 | $ | 0.06 | $ | (0.22 | ) | $ | (0.36 | ) | |||||||
Segment_Information_Notes
Segment Information (Notes) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Segment Reporting, Measurement Disclosures [Abstract] | ' | ||||||||||||||||
Segment Information [Text Block] | ' | ||||||||||||||||
Segment Information | |||||||||||||||||
The Company operates two complementary reportable segments - the print and envelope segment and the label and packaging segment. The print and envelope segment provides a wide array of print offerings such as high-end printed materials including car brochures, advertising literature, corporate identity and brand marketing material, digital printing and content management; and direct mail offerings and custom and stock envelopes. The label and packaging segment specializes in the design, manufacturing and printing of labels such as, custom labels, overnight packaging labels, pressure-sensitive prescription labels and high quality packaging offerings, full body shrink sleeves, and specialized folded carton packaging. | |||||||||||||||||
Operating income/(loss) of each segment includes all costs and expenses directly related to the segment's operations. Corporate expenses include corporate general and administrative expenses including stock-based compensation. | |||||||||||||||||
Corporate identifiable assets primarily consist of cash and cash equivalents, miscellaneous receivables, deferred financing fees, deferred tax assets and other assets. | |||||||||||||||||
The following tables present certain segment information (in thousands): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Net sales: | |||||||||||||||||
Print and envelope | $ | 330,579 | $ | 328,906 | $ | 932,925 | $ | 971,161 | |||||||||
Label and packaging | 112,202 | 108,262 | 335,010 | 329,432 | |||||||||||||
Total | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Operating income/(loss): | |||||||||||||||||
Print and envelope | $ | 15,184 | $ | 27,170 | $ | 38,298 | $ | 55,286 | |||||||||
Label and packaging | 9,053 | 12,472 | 32,547 | 37,343 | |||||||||||||
Corporate | (7,713 | ) | (7,360 | ) | (25,801 | ) | (23,094 | ) | |||||||||
Total | $ | 16,524 | $ | 32,282 | $ | 45,044 | $ | 69,535 | |||||||||
Restructuring, impairment and other charges: | |||||||||||||||||
Print and envelope | $ | 2,584 | $ | 3,490 | $ | 7,612 | $ | 21,247 | |||||||||
Label and packaging | 579 | 651 | 571 | 1,153 | |||||||||||||
Corporate | 174 | 49 | 2,060 | 166 | |||||||||||||
Total | $ | 3,337 | $ | 4,190 | $ | 10,243 | $ | 22,566 | |||||||||
Net sales by product line: | |||||||||||||||||
$ | 152,862 | $ | 169,103 | $ | 427,451 | $ | 481,065 | ||||||||||
Envelope | 177,717 | 159,803 | 505,474 | 490,096 | |||||||||||||
Label | 84,494 | 82,478 | 252,011 | 248,484 | |||||||||||||
Packaging | 27,708 | 25,784 | 82,999 | 80,948 | |||||||||||||
Total | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Intercompany sales: | |||||||||||||||||
Print and envelope to label and packaging | $ | 97 | $ | 1,691 | $ | 657 | $ | 5,049 | |||||||||
Label and packaging to print and envelope | 2,223 | 1,902 | 3,840 | 5,024 | |||||||||||||
Total | $ | 2,320 | $ | 3,593 | $ | 4,497 | $ | 10,073 | |||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||
Total assets: | |||||||||||||||||
Print and envelope | $ | 819,195 | $ | 797,065 | |||||||||||||
Label and packaging | 348,601 | 327,726 | |||||||||||||||
Corporate | 70,710 | 75,764 | |||||||||||||||
Total | $ | 1,238,506 | $ | 1,200,555 | |||||||||||||
Condensed_Consolidating_Financ
Condensed Consolidating Financial Information | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2013 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Condensed Consolidating Financial Information [Text Block] | ' | |||||||||||||||||||||||
Condensed Consolidating Financial Information | ||||||||||||||||||||||||
Cenveo, Inc. is a holding company (the “Parent Company”), which is the ultimate parent of all Cenveo subsidiaries. The Parent Company’s wholly owned subsidiary, Cenveo Corporation (the “Subsidiary Issuer”), issued the 7.875% Notes, the 8.875% Notes and the 11.5% Notes (collectively with the 7.875% Notes and the 8.875% Notes, the “Subsidiary Issuer Notes”), which are fully and unconditionally guaranteed, on a joint and several basis, by the Parent Company and substantially all of its wholly-owned subsidiaries (the “Guarantor Subsidiaries”). | ||||||||||||||||||||||||
Presented below is condensed consolidating financial information for the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries as of September 28, 2013 and December 29, 2012 and for the three and nine months ended September 28, 2013 and September 29, 2012. The condensed consolidating financial information has been presented to show the financial position, results of operations and cash flows of the Parent Company, the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, assuming the guarantee structure of the Subsidiary Issuer Notes was in effect at the beginning of the periods presented. | ||||||||||||||||||||||||
The supplemental condensed consolidating financial information reflects the investments of the Parent Company in the Subsidiary Issuer, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries using the equity method of accounting. The Company’s primary transactions with its subsidiaries other than the investment account and related equity in net income (loss) of subsidiaries are the intercompany payables and receivables between its subsidiaries. | ||||||||||||||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
28-Sep-13 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 6,906 | $ | 59 | $ | 1,573 | $ | — | $ | 8,538 | ||||||||||||
Accounts receivable, net | — | 116,221 | 149,364 | 1,347 | — | 266,932 | ||||||||||||||||||
Inventories | — | 70,159 | 81,492 | 46 | — | 151,697 | ||||||||||||||||||
Notes receivable from subsidiaries | — | 36,938 | — | — | (36,938 | ) | — | |||||||||||||||||
Prepaid and other current assets | — | 50,782 | 12,102 | 2,986 | — | 65,870 | ||||||||||||||||||
Assets of discontinued operations - current | — | — | 339 | — | — | 339 | ||||||||||||||||||
Total current assets | — | 281,006 | 243,356 | 5,952 | (36,938 | ) | 493,376 | |||||||||||||||||
Investment in subsidiaries | (473,010 | ) | 1,863,828 | 4,646 | 6,725 | (1,402,189 | ) | — | ||||||||||||||||
Property, plant and equipment, net | — | 129,959 | 176,191 | 856 | — | 307,006 | ||||||||||||||||||
Goodwill | — | 25,540 | 155,741 | 5,278 | — | 186,559 | ||||||||||||||||||
Other intangible assets, net | — | 10,037 | 193,213 | 1,216 | — | 204,466 | ||||||||||||||||||
Other assets, net | — | 41,453 | 5,096 | 482 | — | 47,031 | ||||||||||||||||||
Assets of discontinued operations - long-term | — | — | 68 | — | — | 68 | ||||||||||||||||||
Total assets | $ | (473,010 | ) | $ | 2,351,823 | $ | 778,311 | $ | 20,509 | $ | (1,439,127 | ) | $ | 1,238,506 | ||||||||||
Liabilities and Shareholders’ (Deficit)/Equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current maturities of long-term debt | $ | — | $ | 8,886 | $ | 3,539 | $ | — | $ | — | $ | 12,425 | ||||||||||||
Accounts payable | — | 121,122 | 105,588 | 606 | — | 227,316 | ||||||||||||||||||
Accrued compensation and related liabilities | — | 18,911 | 12,105 | 457 | — | 31,473 | ||||||||||||||||||
Other current liabilities | — | 55,273 | 20,641 | 553 | — | 76,467 | ||||||||||||||||||
Liabilities of discontinued operations - current | — | 1,601 | 971 | — | — | 2,572 | ||||||||||||||||||
Intercompany payable/(receivable) | — | 1,333,274 | (1,342,510 | ) | 9,236 | — | — | |||||||||||||||||
Notes payable to issuer | — | — | 36,938 | — | (36,938 | ) | — | |||||||||||||||||
Total current liabilities | — | 1,539,067 | (1,162,728 | ) | 10,852 | (36,938 | ) | 350,253 | ||||||||||||||||
Long-term debt | — | 1,172,221 | 3,436 | — | — | 1,175,657 | ||||||||||||||||||
Other liabilities | — | 113,545 | 73,703 | (1,714 | ) | — | 185,534 | |||||||||||||||||
Liabilities of discontinued operations - long-term | — | — | 72 | — | — | 72 | ||||||||||||||||||
Shareholders’ (deficit)/equity | (473,010 | ) | (473,010 | ) | 1,863,828 | 11,371 | (1,402,189 | ) | (473,010 | ) | ||||||||||||||
Total liabilities and shareholders’ (deficit)/equity | $ | (473,010 | ) | $ | 2,351,823 | $ | 778,311 | $ | 20,509 | $ | (1,439,127 | ) | $ | 1,238,506 | ||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the three months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 187,592 | $ | 251,212 | $ | 3,977 | $ | — | $ | 442,781 | ||||||||||||
Cost of sales | — | 163,606 | 200,099 | 3,651 | — | 367,356 | ||||||||||||||||||
Selling, general and administrative expenses | — | 30,172 | 22,704 | 229 | — | 53,105 | ||||||||||||||||||
Amortization of intangible assets | — | 137 | 2,189 | 133 | — | 2,459 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 1,992 | 1,344 | 1 | — | 3,337 | ||||||||||||||||||
Operating income/(loss) | — | (8,315 | ) | 24,876 | (37 | ) | — | 16,524 | ||||||||||||||||
Gain on bargain purchase | — | (12,443 | ) | 8 | — | — | (12,435 | ) | ||||||||||||||||
Interest expense, net | — | 27,482 | 122 | 7 | — | 27,611 | ||||||||||||||||||
Intercompany interest expense/(income) | — | (281 | ) | 281 | — | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 1,593 | — | — | — | 1,593 | ||||||||||||||||||
Other expense/(income), net | — | 768 | (84 | ) | (89 | ) | — | 595 | ||||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (25,434 | ) | 24,549 | 45 | — | (840 | ) | ||||||||||||||||
Income tax (benefit)/expense | — | (5,435 | ) | (5,932 | ) | 36 | — | (11,331 | ) | |||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (19,999 | ) | 30,481 | 9 | — | 10,491 | |||||||||||||||||
Equity in income/(loss) of subsidiaries | 23,983 | 37,380 | 9 | — | (61,372 | ) | — | |||||||||||||||||
Income/(loss) from continuing operations | 23,983 | 17,381 | 30,490 | 9 | (61,372 | ) | 10,491 | |||||||||||||||||
Income from discontinued operations, net of taxes | — | 6,602 | 6,890 | — | — | 13,492 | ||||||||||||||||||
Net income/(loss) | 23,983 | 23,983 | 37,380 | 9 | (61,372 | ) | 23,983 | |||||||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | (31 | ) | (31 | ) | (1,073 | ) | — | 1,135 | — | |||||||||||||||
Currency translation adjustment | — | — | 1,042 | (1,073 | ) | — | (31 | ) | ||||||||||||||||
Comprehensive (loss)/income | $ | 23,952 | $ | 23,952 | $ | 37,349 | $ | (1,064 | ) | $ | (60,237 | ) | $ | 23,952 | ||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the nine months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 516,022 | $ | 741,124 | $ | 10,789 | $ | — | $ | 1,267,935 | ||||||||||||
Cost of sales | — | 444,788 | 601,643 | 9,961 | — | 1,056,392 | ||||||||||||||||||
Selling, general and administrative expenses | — | 83,814 | 64,318 | 651 | — | 148,783 | ||||||||||||||||||
Amortization of intangible assets | — | 411 | 6,664 | 398 | — | 7,473 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 6,841 | 3,388 | 14 | — | 10,243 | ||||||||||||||||||
Operating income/(loss) | — | (19,832 | ) | 65,111 | (235 | ) | — | 45,044 | ||||||||||||||||
Gain on bargain purchase | — | (12,443 | ) | 8 | — | — | (12,435 | ) | ||||||||||||||||
Interest expense, net | — | 85,080 | 341 | — | — | 85,421 | ||||||||||||||||||
Intercompany interest expense/(income) | — | (935 | ) | 935 | — | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 9,440 | — | — | — | 9,440 | ||||||||||||||||||
Other (income)/expense, net | — | 1,646 | (2,783 | ) | (263 | ) | — | (1,400 | ) | |||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (102,620 | ) | 66,610 | 28 | — | (35,982 | ) | ||||||||||||||||
Income tax (benefit)/expense | — | (2,724 | ) | (4,324 | ) | 61 | — | (6,987 | ) | |||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (99,896 | ) | 70,934 | (33 | ) | — | (28,995 | ) | |||||||||||||||
Equity in income/(loss) of subsidiaries | (14,045 | ) | 76,670 | (33 | ) | — | (62,592 | ) | — | |||||||||||||||
Income/(loss) from continuing operations | (14,045 | ) | (23,226 | ) | 70,901 | (33 | ) | (62,592 | ) | (28,995 | ) | |||||||||||||
Income from discontinued operations, net of taxes | — | 9,181 | 5,769 | — | — | 14,950 | ||||||||||||||||||
Net (loss)/income | (14,045 | ) | (14,045 | ) | 76,670 | (33 | ) | (62,592 | ) | (14,045 | ) | |||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | (3,139 | ) | (3,139 | ) | (2,992 | ) | — | 9,270 | — | |||||||||||||||
Currency translation adjustment | — | — | (147 | ) | (2,992 | ) | — | (3,139 | ) | |||||||||||||||
Comprehensive (loss)/income | $ | (17,184 | ) | $ | (17,184 | ) | $ | 73,531 | $ | (3,025 | ) | $ | (53,322 | ) | $ | (17,184 | ) | |||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the nine months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Guarantor | |||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net cash provided by/(used in) operating activities of continuing operations | $ | 2,879 | $ | (116,022 | ) | $ | 125,347 | $ | (1,506 | ) | $ | — | $ | 10,698 | ||||||||||
Net cash provided by operating activities of discontinued operations | — | 6,503 | 552 | — | — | 7,055 | ||||||||||||||||||
Net cash provided by/(used in) operating activities | 2,879 | (109,519 | ) | 125,899 | (1,506 | ) | — | 17,753 | ||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Cost of business acquisitions, net of cash acquired | — | (33,166 | ) | — | — | — | (33,166 | ) | ||||||||||||||||
Capital expenditures | — | (9,883 | ) | (13,021 | ) | (141 | ) | — | (23,045 | ) | ||||||||||||||
Purchase of investment | — | (1,650 | ) | — | — | — | (1,650 | ) | ||||||||||||||||
Proceeds from insurance claim | — | — | 3,036 | — | — | 3,036 | ||||||||||||||||||
Proceeds from sale of property, plant and equipment | — | 250 | 7,611 | — | — | 7,861 | ||||||||||||||||||
Net cash (used in)/provided by investing activities of continuing operations | — | (44,449 | ) | (2,374 | ) | (141 | ) | — | (46,964 | ) | ||||||||||||||
Net cash provided by investing activities of discontinued operations | — | 20,715 | 21,999 | — | — | 42,714 | ||||||||||||||||||
Net cash (used in)/provided by investing activities | — | (23,734 | ) | 19,625 | (141 | ) | — | (4,250 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayment of 7.875% senior subordinated notes | — | (67,848 | ) | — | — | — | (67,848 | ) | ||||||||||||||||
Repayment of Term Loan B due 2016 | — | (390,005 | ) | — | — | — | (390,005 | ) | ||||||||||||||||
Payment of financing related costs and expenses and debt issuance discounts | — | (15,219 | ) | — | — | — | (15,219 | ) | ||||||||||||||||
Repayments of other long-term debt | — | — | (3,323 | ) | — | — | (3,323 | ) | ||||||||||||||||
Purchase and retirement of common stock upon vesting of RSUs | (509 | ) | — | — | — | — | (509 | ) | ||||||||||||||||
(Repayment)/borrowings under revolving credit facility, net | — | (18,000 | ) | — | — | — | (18,000 | ) | ||||||||||||||||
Proceeds from issuance of Term Loan facility | — | 360,000 | — | — | — | 360,000 | ||||||||||||||||||
Borrowings under ABL facility due 2017 | — | 474,400 | — | — | — | 474,400 | ||||||||||||||||||
Repayments under ABL facility due 2017 | — | (392,600 | ) | — | — | — | (392,600 | ) | ||||||||||||||||
Proceeds from exercise of stock options | 76 | — | — | — | — | 76 | ||||||||||||||||||
Proceeds from issuance of 15% unsecured term loan due 2017 | — | 50,000 | — | — | — | 50,000 | ||||||||||||||||||
Repayment of 15% unsecured term loan due 2017 | — | (30,000 | ) | — | — | — | (30,000 | ) | ||||||||||||||||
Proceeds from equipment loan | — | 20,000 | — | — | — | 20,000 | ||||||||||||||||||
Intercompany advances | (2,446 | ) | 143,668 | (142,462 | ) | 1,240 | — | — | ||||||||||||||||
Net cash provided by/(used in) financing activities | (2,879 | ) | 134,396 | (145,785 | ) | 1,240 | — | (13,028 | ) | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 34 | (81 | ) | — | (47 | ) | ||||||||||||||||
Net increase/(decrease) in cash and cash equivalents | — | 1,143 | (227 | ) | (488 | ) | — | 428 | ||||||||||||||||
Cash and cash equivalents at beginning of period | — | 5,763 | 286 | 2,061 | — | 8,110 | ||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 6,906 | $ | 59 | $ | 1,573 | $ | — | $ | 8,538 | ||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
29-Dec-12 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 5,763 | $ | 286 | $ | 2,061 | $ | — | $ | 8,110 | ||||||||||||
Accounts receivable, net | — | 98,199 | 155,188 | 1,002 | — | 254,389 | ||||||||||||||||||
Inventories | — | 59,618 | 67,535 | 82 | — | 127,235 | ||||||||||||||||||
Notes receivable from subsidiaries | — | 36,938 | — | — | (36,938 | ) | — | |||||||||||||||||
Prepaid and other current assets | — | 53,303 | 11,878 | 2,783 | — | 67,964 | ||||||||||||||||||
Assets of discontinued operations - current | — | 5,171 | 6,094 | — | — | 11,265 | ||||||||||||||||||
Total current assets | — | 258,992 | 240,981 | 5,928 | (36,938 | ) | 468,963 | |||||||||||||||||
Investment in subsidiaries | (464,314 | ) | 1,758,007 | 7,671 | 6,725 | (1,308,089 | ) | — | ||||||||||||||||
Property, plant and equipment, net | — | 86,416 | 191,453 | 1,209 | — | 279,078 | ||||||||||||||||||
Goodwill | — | 25,540 | 155,849 | 6,026 | — | 187,415 | ||||||||||||||||||
Other intangible assets, net | — | 6,621 | 196,755 | 1,823 | — | 205,199 | ||||||||||||||||||
Other assets, net | — | 40,301 | 3,827 | 504 | — | 44,632 | ||||||||||||||||||
Assets of discontinued operations - long-term | — | 6,525 | 8,743 | — | — | 15,268 | ||||||||||||||||||
Total assets | $ | (464,314 | ) | $ | 2,182,402 | $ | 805,279 | $ | 22,215 | $ | (1,345,027 | ) | $ | 1,200,555 | ||||||||||
Liabilities and Shareholders’ (Deficit)/Equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current maturities of long-term debt | $ | — | $ | 6,961 | $ | 4,787 | $ | — | $ | — | $ | 11,748 | ||||||||||||
Accounts payable | — | 104,941 | 74,394 | 515 | — | 179,850 | ||||||||||||||||||
Accrued compensation and related liabilities | — | 14,409 | 9,755 | 514 | — | 24,678 | ||||||||||||||||||
Other current liabilities | — | 56,766 | 20,069 | 532 | — | 77,367 | ||||||||||||||||||
Liabilities of discontinued operations - current | — | 2,930 | 3,661 | — | — | 6,591 | ||||||||||||||||||
Intercompany payable/(receivable) | — | 1,177,669 | (1,185,665 | ) | 7,996 | — | — | |||||||||||||||||
Notes payable to issuer | — | — | 36,938 | — | (36,938 | ) | — | |||||||||||||||||
Total current liabilities | — | 1,363,676 | (1,036,061 | ) | 9,557 | (36,938 | ) | 300,234 | ||||||||||||||||
Long-term debt | — | 1,166,360 | 5,510 | — | — | 1,171,870 | ||||||||||||||||||
Other liabilities | — | 115,196 | 78,427 | (1,738 | ) | — | 191,885 | |||||||||||||||||
Liabilities of discontinued operations - long-term | — | 1,484 | (604 | ) | — | — | 880 | |||||||||||||||||
Shareholders’ (deficit)/equity | (464,314 | ) | (464,314 | ) | 1,758,007 | 14,396 | (1,308,089 | ) | (464,314 | ) | ||||||||||||||
Total liabilities and shareholders’ (deficit)/equity | $ | (464,314 | ) | $ | 2,182,402 | $ | 805,279 | $ | 22,215 | $ | (1,345,027 | ) | $ | 1,200,555 | ||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the three months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 165,588 | $ | 267,428 | $ | 4,152 | $ | — | $ | 437,168 | ||||||||||||
Cost of sales | — | 139,278 | 211,062 | 3,440 | — | 353,780 | ||||||||||||||||||
Selling, general and administrative expenses | — | 24,236 | 20,043 | 190 | — | 44,469 | ||||||||||||||||||
Amortization of intangible assets | — | 137 | 2,176 | 134 | — | 2,447 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 1,805 | 2,383 | 2 | — | 4,190 | ||||||||||||||||||
Operating income | — | 132 | 31,764 | 386 | — | 32,282 | ||||||||||||||||||
Interest expense, net | — | 28,784 | 148 | (6 | ) | — | 28,926 | |||||||||||||||||
Intercompany interest expense/(income) | — | (414 | ) | 391 | 23 | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 25 | — | — | — | 25 | ||||||||||||||||||
Other (income)/expense, net | — | 375 | (3 | ) | 119 | — | 491 | |||||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (28,638 | ) | 31,228 | 250 | — | 2,840 | |||||||||||||||||
Income tax expense/(benefit) | — | (2,717 | ) | 1,768 | 767 | — | (182 | ) | ||||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (25,921 | ) | 29,460 | (517 | ) | — | 3,022 | ||||||||||||||||
Equity in income/(loss) of subsidiaries | 4,475 | 28,990 | (517 | ) | — | (32,948 | ) | — | ||||||||||||||||
Income/(loss) from continuing operations | 4,475 | 3,069 | 28,943 | (517 | ) | (32,948 | ) | 3,022 | ||||||||||||||||
Income from discontinued operations, net of taxes | — | 1,406 | 47 | — | — | 1,453 | ||||||||||||||||||
Net income/(loss) | 4,475 | 4,475 | 28,990 | (517 | ) | (32,948 | ) | 4,475 | ||||||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | 2,412 | 2,412 | 1,244 | — | (6,068 | ) | — | |||||||||||||||||
Currency translation adjustment | — | — | 1,168 | 1,244 | — | 2,412 | ||||||||||||||||||
Comprehensive income/(loss) | $ | 6,887 | $ | 6,887 | $ | 31,402 | $ | 727 | $ | (39,016 | ) | $ | 6,887 | |||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the nine months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 507,767 | $ | 780,951 | $ | 11,875 | $ | — | $ | 1,300,593 | ||||||||||||
Cost of sales | — | 427,634 | 625,104 | 10,381 | — | 1,063,119 | ||||||||||||||||||
Selling, general and administrative expenses | — | 76,760 | 60,567 | 591 | — | 137,918 | ||||||||||||||||||
Amortization of intangible assets | — | 444 | 6,609 | 402 | — | 7,455 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 3,331 | 19,139 | 96 | — | 22,566 | ||||||||||||||||||
Operating income/(loss) | — | (402 | ) | 69,532 | 405 | — | 69,535 | |||||||||||||||||
Interest expense, net | — | 85,118 | 469 | (13 | ) | — | 85,574 | |||||||||||||||||
Intercompany interest expense/(income) | — | (1,102 | ) | 1,030 | 72 | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 11,439 | — | — | — | 11,439 | ||||||||||||||||||
Other (income)/expense, net | — | (245 | ) | 23 | (105 | ) | — | (327 | ) | |||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (95,612 | ) | 68,010 | 451 | — | (27,151 | ) | ||||||||||||||||
Income tax expense/(benefit) | — | (7,680 | ) | 2,940 | 728 | — | (4,012 | ) | ||||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (87,932 | ) | 65,070 | (277 | ) | — | (23,139 | ) | |||||||||||||||
Equity in income/(loss) of subsidiaries | (23,144 | ) | 58,186 | (277 | ) | — | (34,765 | ) | — | |||||||||||||||
Income/(loss) from continuing operations | (23,144 | ) | (29,746 | ) | 64,793 | (277 | ) | (34,765 | ) | (23,139 | ) | |||||||||||||
Income/(loss) from discontinued operations, net of taxes | — | 6,602 | (6,607 | ) | — | — | (5 | ) | ||||||||||||||||
Net income/(loss) | (23,144 | ) | (23,144 | ) | 58,186 | (277 | ) | (34,765 | ) | (23,144 | ) | |||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | 1,654 | 1,654 | 179 | — | (3,487 | ) | — | |||||||||||||||||
Currency translation adjustment | — | — | 1,475 | 179 | — | 1,654 | ||||||||||||||||||
Comprehensive income/(loss) | $ | (21,490 | ) | $ | (21,490 | ) | $ | 59,840 | $ | (98 | ) | $ | (38,252 | ) | $ | (21,490 | ) | |||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the nine months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Guarantor | |||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net cash provided by/(used in) operating activities of continuing operations | $ | 4,446 | $ | (95,188 | ) | $ | 100,680 | $ | 2,528 | $ | — | $ | 12,466 | |||||||||||
Net cash provided by operating activities of discontinued operations | — | 5,780 | 432 | — | — | 6,212 | ||||||||||||||||||
Net cash provided by/(used in) operating activities | 4,446 | (89,408 | ) | 101,112 | 2,528 | — | 18,678 | |||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Cost of business acquisitions, net of cash acquired | — | (644 | ) | — | — | — | (644 | ) | ||||||||||||||||
Capital expenditures | — | (7,656 | ) | (7,553 | ) | (117 | ) | — | (15,326 | ) | ||||||||||||||
Proceeds from sale of property, plant and equipment | — | 32 | 2,301 | — | — | 2,333 | ||||||||||||||||||
Proceeds from sale of intangible assets | — | 1,700 | — | — | — | 1,700 | ||||||||||||||||||
Intercompany note | — | 3,900 | — | — | (3,900 | ) | — | |||||||||||||||||
Net cash used in investing activities of continuing operations | — | (2,668 | ) | (5,252 | ) | (117 | ) | (3,900 | ) | (11,937 | ) | |||||||||||||
Net cash provided by investing activities of discontinued operations | — | 16,251 | 23,359 | — | — | 39,610 | ||||||||||||||||||
Net cash provided by/(used in) investing activities | — | 13,583 | 18,107 | (117 | ) | (3,900 | ) | 27,673 | ||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayment of 10.5% senior notes | — | (169,875 | ) | — | — | — | (169,875 | ) | ||||||||||||||||
Repayment of 7.875% senior subordinated notes | — | (196,088 | ) | — | — | — | (196,088 | ) | ||||||||||||||||
Borrowings of Term Loan B due 2016 | — | 17,987 | — | — | — | 17,987 | ||||||||||||||||||
Repayment of 8.375% senior subordinated notes | — | (24,787 | ) | — | — | — | (24,787 | ) | ||||||||||||||||
Payment of financing related costs and expenses and debt issuance discounts | — | (32,335 | ) | — | — | — | (32,335 | ) | ||||||||||||||||
Repayments of other long-term debt | — | (300 | ) | (3,199 | ) | — | — | (3,499 | ) | |||||||||||||||
Purchase and retirement of common stock upon vesting of RSUs | (734 | ) | — | — | — | — | (734 | ) | ||||||||||||||||
Proceeds from issuance of 11.5% senior notes | — | 225,000 | — | — | — | 225,000 | ||||||||||||||||||
Proceeds from issuance of 7% senior exchangeable notes | — | 86,250 | — | — | — | 86,250 | ||||||||||||||||||
(Repayments)/borrowings under revolving credit facility, net | — | 45,550 | — | — | — | 45,550 | ||||||||||||||||||
Intercompany note | — | — | — | (3,900 | ) | 3,900 | — | |||||||||||||||||
Intercompany advances | (3,712 | ) | 117,920 | (116,198 | ) | 1,990 | — | — | ||||||||||||||||
Net cash (used in)/provided by financing activities of continuing operations | (4,446 | ) | 69,322 | (119,397 | ) | (1,910 | ) | 3,900 | (52,531 | ) | ||||||||||||||
Net cash used in financing activities of discontinued operations | — | (1,652 | ) | — | — | — | (1,652 | ) | ||||||||||||||||
Net cash (used in)/provided by financing activities | (4,446 | ) | 67,670 | (119,397 | ) | (1,910 | ) | 3,900 | (54,183 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 401 | 13 | — | 414 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | — | (8,155 | ) | 223 | 514 | — | (7,418 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of period | — | 16,033 | 280 | 1,440 | — | 17,753 | ||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 7,878 | $ | 503 | $ | 1,954 | $ | — | $ | 10,335 | ||||||||||||
Basis_of_Presentation_Accounti
Basis of Presentation Accounting Policies (Policies) | 9 Months Ended |
Sep. 28, 2013 | |
Accounting Policies [Abstract] | ' |
Fiscal Period, Policy [Policy Text Block] | ' |
It is the Company’s practice to close its fiscal quarters on the Saturday closest to the last day of the calendar quarter. The reporting periods for the three and nine months ended September 28, 2013 and September 29, 2012, each consisted of 13 weeks and 39 weeks, respectively. | |
New Accounting Pronouncements, Policy [Policy Text Block] | ' |
New Accounting Pronouncements. Effective in the first quarter of 2013, the Company adopted an accounting pronouncement relating to the presentation of accumulated other comprehensive income/(loss). This pronouncement does not change the current requirements; however, the Company is required to provide information about the amounts reclassified out of accumulated other comprehensive income/(loss) by component. In addition, the Company is required to present, either on the face of the statement where net income/(loss) is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income/(loss) by the respective line items of net income/(loss), but only if the amount is required under GAAP to be reclassified to net income/(loss) in its entirety in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income/(loss), the Company is required to cross-reference to other disclosures required under GAAP that provide additional detail on these amounts. The adoption of this pronouncement did not have a material impact to the Company's condensed consolidated financial statements. |
Acquisitions_Policies
Acquisitions (Policies) | 9 Months Ended |
Sep. 28, 2013 | |
Business Combinations [Abstract] | ' |
Business Combinations Policy [Policy Text Block] | ' |
The Company accounts for business combinations under the provisions of the Business Combination Topic of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) 805. Acquisitions are accounted for by the purchase method, and accordingly, the assets and liabilities of the acquired businesses have been recorded at their estimated fair value on the acquisition date with the excess of the purchase price over their estimated fair value recorded as goodwill. In the event the estimated fair value of the assets and liabilities acquired exceeds the purchase price paid, a bargain purchase gain is recorded in the condensed consolidated statement of operations and comprehensive income/(loss) (“statement of operations”). | |
Acquisition-related costs are expensed as incurred. |
Income_Loss_Per_Share_Income_l
Income (Loss) Per Share Income (loss) per share (Policies) | 9 Months Ended |
Sep. 28, 2013 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share, Policy [Policy Text Block] | ' |
Basic income/(loss) per share is computed based upon the weighted average number of common shares outstanding for the period. When applicable, diluted income/(loss) per share is calculated using two approaches. The first approach, the treasury stock method, reflects the potential dilution that could occur if the stock options, RSUs and PSUs (“Equity Awards”) to issue common stock were exercised. The second approach, the if converted method, reflects the potential dilution of the Equity Awards and the 7% senior exchangeable notes due 2017 ("7% Notes") being exchanged for common stock. Under this method, interest expense associated with the 7% Notes, net of tax, is added back to income from continuing operations and the shares outstanding are increased by the underlying 7% Notes equivalent. | |
For the nine months ended September 28, 2013 and September 29, 2012, the effect of approximately 24,041,047 and 25,066,150 shares, respectively, related to the exchange of the 7% Notes for common stock and the issuance of common stock upon exercise of Equity Awards, were excluded from the calculation of diluted income/(loss) per share, as the effect would be anti-dilutive |
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Purchase Price Allocation [Table Text Block] | ' | ||||||||||||||||
The following table summarizes the preliminary allocation of the purchase price of National to the assets acquired and liabilities assumed in the acquisition (in thousands): | |||||||||||||||||
As of | |||||||||||||||||
16-Sep-13 | |||||||||||||||||
Property, plant and equipment | $ | 47,650 | |||||||||||||||
Other intangible assets | 3,728 | ||||||||||||||||
Total assets acquired | 51,378 | ||||||||||||||||
Current liabilities | 2,345 | ||||||||||||||||
Note payable | 2,536 | ||||||||||||||||
Total liabilities assumed | 4,881 | ||||||||||||||||
Net assets acquired | 46,497 | ||||||||||||||||
Cost of the acquisition of certain assets of National | 34,062 | ||||||||||||||||
Gain on bargain purchase | $ | 12,435 | |||||||||||||||
Pro Forma Financial Information [Table Text Block] | ' | ||||||||||||||||
The following supplemental pro forma consolidated summary financial information of the Company for the three and nine months ended September 28, 2013 and September 29, 2012 herein have been prepared by adjusting the historical data as set forth in its statements of operations to give effect to the acquisition of certain assets of National as if it had been made as of January 1, 2012 (in thousands, except per share amounts). | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, | September 29, | September 28, | September 29, | ||||||||||||||
2013 | 2012 | 2013 | 2012 | ||||||||||||||
Net sales | |||||||||||||||||
As reported | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Pro forma | $ | 517,166 | $ | 538,554 | $ | 1,517,926 | $ | 1,621,939 | |||||||||
Income/(loss) from continuing operations | |||||||||||||||||
As reported | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Pro forma | $ | (8,142 | ) | $ | (10,273 | ) | $ | (71,797 | ) | $ | (46,846 | ) | |||||
Income/(loss) per share from continuing operations - basic | |||||||||||||||||
As reported | $ | 0.16 | $ | 0.05 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Pro forma | $ | (0.12 | ) | $ | (0.16 | ) | $ | (1.09 | ) | $ | (0.71 | ) | |||||
Income/(loss) per share from continuing operations - diluted | |||||||||||||||||
As reported | $ | 0.13 | $ | 0.04 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Pro forma | $ | (0.12 | ) | $ | (0.16 | ) | $ | (1.09 | ) | $ | (0.71 | ) |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation Disclosures [Abstract] | ' | ||||||||||||||||
Discontinued operations tables [Table Text Block] | ' | ||||||||||||||||
The following table shows the components of assets and liabilities that are classified as discontinued operations in the Company's condensed consolidated balance sheets as of September 28, 2013 and December 29, 2012 (in thousands): | |||||||||||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||
Accounts receivable, net | $ | 252 | $ | 7,222 | |||||||||||||
Inventories | — | 3,534 | |||||||||||||||
Prepaid and other current assets | 87 | 509 | |||||||||||||||
Assets of discontinued operations - current | 339 | 11,265 | |||||||||||||||
Property, plant and equipment, net | 68 | 3,522 | |||||||||||||||
Goodwill | — | 4,000 | |||||||||||||||
Other intangible assets, net | — | 7,705 | |||||||||||||||
Other assets, net | — | 41 | |||||||||||||||
Assets of discontinued operations - long-term | 68 | 15,268 | |||||||||||||||
Accounts payable | 182 | 5,421 | |||||||||||||||
Accrued compensation and related liabilities | 747 | 645 | |||||||||||||||
Other current liabilities | 1,643 | 525 | |||||||||||||||
Liabilities of discontinued operations - current | 2,572 | 6,591 | |||||||||||||||
Liabilities of discontinued operations - long-term | 72 | 880 | |||||||||||||||
Net assets | $ | (2,237 | ) | $ | 19,062 | ||||||||||||
The following table summarizes certain statement of operations information for discontinued operations (in thousands, except per share data): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
28-Sep-13 | 29-Sep-12 | September 28, | September 29, | ||||||||||||||
2013 | 2012 | ||||||||||||||||
Net sales | $ | 8,447 | $ | 14,106 | $ | 34,891 | $ | 54,361 | |||||||||
Income from discontinued operations before income taxes (1) | 1,605 | 2,556 | 5,040 | 8,915 | |||||||||||||
Income tax expense on discontinued operations | 643 | 1,011 | 2,620 | 3,509 | |||||||||||||
Gain/(loss) on sale of discontinued operations, net of tax (2) | 12,530 | (92 | ) | 12,530 | (5,411 | ) | |||||||||||
Income/(loss) from discontinued operations, net of taxes | $ | 13,492 | $ | 1,453 | $ | 14,950 | $ | (5 | ) | ||||||||
Income/(loss) per share - basic | $ | 0.21 | $ | 0.02 | $ | 0.23 | $ | — | |||||||||
Income/(loss) per share - diluted | $ | 0.16 | $ | 0.02 | $ | 0.23 | $ | — | |||||||||
____________________ | |||||||||||||||||
(1) Loss from discontinued operations for the nine months ended September 29, 2012 also includes the reduction of a liability of $1.8 million, net of tax expense of $1.2 million, due to the expiration of certain statutes of limitations related to a previous divestiture. | |||||||||||||||||
(2) The gain/(loss) on the sale of discontinued operations is shown net of taxes of $10.7 million for the three and nine months September 28, 2013, $0.1 million for the three months ended September 29, 2012, and $3.4 million for the nine months ended September 29, 2012. |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Inventories [Abstract] | ' | ||||||||
Inventories [Table Text Block] | ' | ||||||||
Inventories by major category are as follows (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Raw materials | $ | 62,732 | $ | 49,001 | |||||
Work in process | 21,446 | 17,058 | |||||||
Finished goods | 67,519 | 61,176 | |||||||
$ | 151,697 | $ | 127,235 | ||||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | ||||||||
Sep. 28, 2013 | |||||||||
Property, Plant and Equipment [Abstract] | ' | ||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||
Property, plant and equipment are as follows (in thousands): | |||||||||
September 28, | December 29, | ||||||||
2013 | 2012 | ||||||||
Land and land improvements | $ | 15,028 | $ | 17,283 | |||||
Buildings and building improvements | 98,929 | 103,326 | |||||||
Machinery and equipment | 627,174 | 579,570 | |||||||
Furniture and fixtures | 11,025 | 11,170 | |||||||
Construction in progress | 12,560 | 7,060 | |||||||
764,716 | 718,409 | ||||||||
Accumulated depreciation | (457,710 | ) | (439,331 | ) | |||||
$ | 307,006 | $ | 279,078 | ||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets Schedule of Goodwill (Tables) | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Goodwill and Other Intangible Assets [Abstract] | ' | ||||||||||||
Schedule of Goodwill [Table Text Block] | ' | ||||||||||||
The changes in the carrying amount of goodwill as of September 28, 2013 by reportable segment are as follows (in thousands): | |||||||||||||
Print and Envelope | Label and Packaging | Total | |||||||||||
Balance as of December 29, 2012 | $ | 75,450 | $ | 111,965 | $ | 187,415 | |||||||
Acquisitions, net | — | 92 | 92 | ||||||||||
Foreign currency translation | (948 | ) | — | (948 | ) | ||||||||
Balance as of September 28, 2013 | $ | 74,502 | $ | 112,057 | $ | 186,559 | |||||||
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets Schedule of Indefinite Lived Intangible Assets (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||||||||||||||||||||
Goodwill and Other Intangible Assets [Abstract] | ' | ||||||||||||||||||||||||||||||||||
Schedule of Intangible Assets [Table Text Block] | ' | ||||||||||||||||||||||||||||||||||
Other intangible assets are as follows (in thousands): | |||||||||||||||||||||||||||||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||||||||||||||||||||
Weighted Average Remaining Amortization Period (Years) | Gross | Accumulated Impairment Charges | Accumulated | Net | Gross | Accumulated Impairment Charges | Accumulated | Net | |||||||||||||||||||||||||||
Carrying | Amortization | Carrying | Carrying | Amortization | Carrying | ||||||||||||||||||||||||||||||
Amount | Amount | Amount | Amount | ||||||||||||||||||||||||||||||||
Intangible | |||||||||||||||||||||||||||||||||||
assets with | |||||||||||||||||||||||||||||||||||
definite | |||||||||||||||||||||||||||||||||||
lives: | |||||||||||||||||||||||||||||||||||
Customer relationships | 9 | $ | 161,919 | $ | (27,234 | ) | $ | (68,561 | ) | $ | 66,124 | $ | 159,296 | $ | (27,234 | ) | $ | (62,055 | ) | $ | 70,007 | ||||||||||||||
Trademarks and trade names | 23 | 20,914 | — | (6,579 | ) | 14,335 | 20,701 | — | (5,938 | ) | 14,763 | ||||||||||||||||||||||||
Leasehold interest | 20 | 3,728 | — | — | 3,728 | — | — | — | — | ||||||||||||||||||||||||||
Patents | 10 | 3,528 | — | (2,989 | ) | 539 | 3,528 | — | (2,839 | ) | 689 | ||||||||||||||||||||||||
Non-compete agreements | 140 | — | (140 | ) | — | 510 | — | (510 | ) | — | |||||||||||||||||||||||||
Subtotal | 12 | 190,229 | (27,234 | ) | (78,269 | ) | 84,726 | 184,035 | (27,234 | ) | (71,342 | ) | 85,459 | ||||||||||||||||||||||
Intangible | |||||||||||||||||||||||||||||||||||
assets with | |||||||||||||||||||||||||||||||||||
indefinite | |||||||||||||||||||||||||||||||||||
lives: | |||||||||||||||||||||||||||||||||||
Trademarks | 141,740 | (22,000 | ) | — | 119,740 | 141,740 | (22,000 | ) | — | 119,740 | |||||||||||||||||||||||||
Total | $ | 331,969 | $ | (49,234 | ) | $ | (78,269 | ) | $ | 204,466 | $ | 325,775 | $ | (49,234 | ) | $ | (71,342 | ) | $ | 205,199 | |||||||||||||||
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Schedule of Finite Lived Intangible Assets (Tables) | 9 Months Ended | |||
Sep. 28, 2013 | ||||
Goodwill and Other Intangible Assets [Abstract] | ' | |||
Schedule of Expected Amortization Expense [Table Text Block] | ' | |||
Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands): | ||||
Annual Estimated | ||||
Expense | ||||
2013 | $ | 9,755 | ||
2014 | 9,818 | |||
2015 | 8,373 | |||
2016 | 7,262 | |||
2017 | 7,203 | |||
LongTerm_Debt_Tables
Long-Term Debt (Tables) | 9 Months Ended | |||||||
Sep. 28, 2013 | ||||||||
Long-term Debt, Unclassified [Abstract] | ' | |||||||
Long-Term Debt [Table Text Block] | ' | |||||||
Long-term debt is as follows (in thousands): | ||||||||
September 28, | December 29, | |||||||
2013 | 2012 | |||||||
ABL facility, due 2017 | $ | 81,800 | $ | — | ||||
Revolving credit facility, due 2014 | — | 18,000 | ||||||
7.875% senior subordinated notes, due 2013 | — | 67,848 | ||||||
Term loan facility, due 2017 ($358.2 million outstanding principal amount as of September 28, 2013) | 354,577 | — | ||||||
Term Loan B, due 2016 ($388.2 million outstanding principal amount as of December 29, 2012) | — | 385,547 | ||||||
7% senior exchangeable notes, due 2017 | 86,250 | 86,250 | ||||||
11.5% senior notes, due 2017 ($225.0 million outstanding principal amount as of September 28, 2013 and December 29, 2012) | 218,703 | 217,675 | ||||||
15% unsecured term loan, due 2017 ($20.0 million outstanding principal amount as of September 28, 2013) | 19,000 | — | ||||||
8.875% senior second lien notes, due 2018 ($400.0 million outstanding principal amount as of September 28, 2013 and December 29, 2012) | 398,242 | 398,001 | ||||||
Other debt including capital leases | 29,510 | 10,297 | ||||||
1,188,082 | 1,183,618 | |||||||
Less current maturities | (12,425 | ) | (11,748 | ) | ||||
Long-term debt | $ | 1,175,657 | $ | 1,171,870 | ||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Carrying Value and Fair Value of Assets and Liabilities [Table Text Block] | ' | ||||||||||||||||
The table below presents the carrying value and fair value of these assets and liabilities of the Company as of September 28, 2013 and December 29, 2012, respectively (in thousands): | |||||||||||||||||
September 28, | December 29, | ||||||||||||||||
2013 | 2012 | ||||||||||||||||
Carrying | Fair | Carrying | Fair | ||||||||||||||
Value | Value | Value | Value | ||||||||||||||
Cash and cash equivalents | $ | 8,538 | $ | 8,538 | $ | 8,110 | $ | 8,110 | |||||||||
Accounts receivable, net | 266,932 | 266,932 | 254,389 | 254,389 | |||||||||||||
Current maturities of long-term debt | 12,425 | 12,425 | 11,748 | 11,748 | |||||||||||||
Accounts payable | 227,316 | 227,316 | 179,850 | 179,850 | |||||||||||||
Retirement_Plans_Tables
Retirement Plans (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Compensation and Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Pension and Other Post Retirement Benefit Plans [Table Text Block] | ' | ||||||||||||||||
The components of the net periodic expense for the Company’s pension plans and other postretirement benefit plans are as follows (in thousands): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Service cost | $ | — | $ | 415 | $ | — | $ | 1,449 | |||||||||
Interest cost | 3,421 | 3,642 | 10,263 | 10,908 | |||||||||||||
Expected return on plan assets | (4,618 | ) | (4,141 | ) | (13,854 | ) | (12,657 | ) | |||||||||
Net amortization and deferral | (2 | ) | (1 | ) | (6 | ) | (3 | ) | |||||||||
Recognized net actuarial loss | 1,992 | 1,562 | 5,976 | 4,818 | |||||||||||||
Net periodic expense | $ | 793 | $ | 1,477 | $ | 2,379 | $ | 4,515 | |||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 9 Months Ended | ||||||||||||
Sep. 28, 2013 | |||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||
Schedule of Stock Options Roll Forward [Table Text Block] | ' | ||||||||||||
Stock Options | |||||||||||||
A summary of the Company’s outstanding stock options as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
Options | Weighted | Weighted | Aggregate | ||||||||||
Average | Average | Intrinsic | |||||||||||
Exercise | Remaining | Value (a) | |||||||||||
Price | Contractual | (in thousands) | |||||||||||
Term | |||||||||||||
(In Years) | |||||||||||||
Outstanding at December 29, 2012 | 2,226,000 | $ | 7.75 | 2.7 | $ | — | |||||||
Granted | 189,500 | 2 | |||||||||||
Exercised | (10,000 | ) | 2 | $ | — | ||||||||
Forfeited/expired | (512,500 | ) | 15.05 | ||||||||||
Outstanding at September 28, 2013 | 1,893,000 | $ | 5.23 | 2.6 | $ | 172 | |||||||
Exercisable at September 28, 2013 | 1,381,625 | $ | 5.44 | 2.1 | $ | — | |||||||
(a) | Intrinsic value for purposes of this table represents the amount by which the fair value of the underlying stock, based on the respective market prices at September 28, 2013 or, if exercised, the exercise dates, exceeds the exercise prices of the respective options. | ||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | ' | ||||||||||||
The weighted-average grant date fair value of stock options granted during the nine months ended September 28, 2013, were at exercise prices equal to the market price of the stock on the grant dates, as calculated under the Black-Scholes Model with the weighted-average assumptions as follows: | |||||||||||||
Weighted average fair value of option grants during the year | $ | 1.01 | |||||||||||
Assumptions: | |||||||||||||
Expected option life in years | 4.25 | ||||||||||||
Risk-free interest rate | 0.5 | % | |||||||||||
Expected volatility | 65.7 | % | |||||||||||
Expected dividend yield | 0 | % | |||||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | ' | ||||||||||||
RSUs | |||||||||||||
A summary of the Company’s non-vested restricted share units ("RSUs") as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
RSUs | Weighted Average | ||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Unvested at December 29, 2012 | 1,074,340 | $ | 5.44 | ||||||||||
Granted | 549,500 | 2 | |||||||||||
Vested | (492,500 | ) | 5.71 | ||||||||||
Forfeited | (1,250 | ) | 5.62 | ||||||||||
Unvested at September 28, 2013 | 1,130,090 | $ | 3.65 | ||||||||||
Schedule of Nonvested Performance-based Units Activity [Table Text Block] | ' | ||||||||||||
PSUs | |||||||||||||
A summary of the Company's non-vested performance share units ("PSUs") as of and for the nine months ended September 28, 2013 is as follows: | |||||||||||||
PSUs | Weighted Average | ||||||||||||
Grant Date | |||||||||||||
Fair Value | |||||||||||||
Unvested at December 29, 2012 | — | $ | — | ||||||||||
Granted | 730,500 | 2 | |||||||||||
Vested | — | — | |||||||||||
Forfeited | (7,500 | ) | 2 | ||||||||||
Unvested at September 28, 2013 | 723,000 | $ | 2 | ||||||||||
Restructuring_Impairment_and_O1
Restructuring, Impairment and Other Charges (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||||||||||||||
Restructuring, Impairment and Other Charges [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Restructuring and Related Costs [Table Text Block] | ' | ||||||||||||||||||||||||||||
2013 Activity | |||||||||||||||||||||||||||||
Restructuring, impairment and other charges for the three months ended September 28, 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2013 Plan | $ | 1,353 | $ | — | $ | — | $ | 199 | $ | — | $ | 92 | $ | 1,644 | |||||||||||||||
2012 Plan | (18 | ) | — | 10 | 2 | — | 54 | 48 | |||||||||||||||||||||
Residual Plans | — | — | — | 81 | 120 | 80 | 281 | ||||||||||||||||||||||
Acquisition Integration Plans | (142 | ) | 263 | 287 | 26 | — | 177 | 611 | |||||||||||||||||||||
Total Print and Envelope | 1,193 | 263 | 297 | 308 | 120 | 403 | 2,584 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2013 Plan | 578 | — | — | — | — | — | 578 | ||||||||||||||||||||||
2012 Plan | — | — | — | — | — | 1 | 1 | ||||||||||||||||||||||
Total Label and Packaging | 578 | — | — | — | — | 1 | 579 | ||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
2013 Plan | 36 | — | — | 64 | — | 43 | 143 | ||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 31 | 31 | ||||||||||||||||||||||
Total Corporate | 36 | — | — | 64 | — | 74 | 174 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 1,807 | $ | 263 | $ | 297 | $ | 372 | $ | 120 | $ | 478 | $ | 3,337 | |||||||||||||||
Restructuring, impairment and other charges for the nine months ended September 28, 2013 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2013 Plan | $ | 2,695 | $ | — | $ | 10 | $ | 289 | $ | — | $ | 126 | $ | 3,120 | |||||||||||||||
2012 Plan | (49 | ) | 265 | 232 | 210 | — | 746 | 1,404 | |||||||||||||||||||||
Residual Plans | — | — | 10 | 529 | 322 | 234 | 1,095 | ||||||||||||||||||||||
Acquisition Integration Plans | 319 | 133 | 996 | 29 | — | 516 | 1,993 | ||||||||||||||||||||||
Total Print and Envelope | 2,965 | 398 | 1,248 | 1,057 | 322 | 1,622 | 7,612 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2013 Plan | 748 | — | — | — | — | — | 748 | ||||||||||||||||||||||
2012 Plan | 1 | — | — | — | — | 14 | 15 | ||||||||||||||||||||||
Residual Plans | (4 | ) | — | — | (188 | ) | — | — | (192 | ) | |||||||||||||||||||
Total Label and Packaging | 745 | — | — | (188 | ) | — | 14 | 571 | |||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
2013 Plan | 1,827 | — | — | 64 | — | 64 | 1,955 | ||||||||||||||||||||||
Residual Plans | 23 | — | — | — | — | 82 | 105 | ||||||||||||||||||||||
Total Corporate | 1,850 | — | — | 64 | — | 146 | 2,060 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 5,560 | $ | 398 | $ | 1,248 | $ | 933 | $ | 322 | $ | 1,782 | $ | 10,243 | |||||||||||||||
2012 Activity | |||||||||||||||||||||||||||||
Restructuring, impairment and other charges for the three months ended September 29, 2012 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2012 Plan | $ | 1,200 | $ | (3 | ) | $ | 20 | $ | 6 | $ | — | $ | 180 | $ | 1,403 | ||||||||||||||
Residual Plans | 112 | — | 8 | 5 | 169 | 107 | 401 | ||||||||||||||||||||||
Acquisition Integration Plans | 657 | 792 | 43 | 125 | — | 69 | 1,686 | ||||||||||||||||||||||
Total Print and Envelope | 1,969 | 789 | 71 | 136 | 169 | 356 | 3,490 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2012 Plan | 632 | — | — | — | — | 2 | 634 | ||||||||||||||||||||||
Residual Plans | 26 | — | — | (9 | ) | — | — | 17 | |||||||||||||||||||||
Total Label and Packaging | 658 | — | — | (9 | ) | — | 2 | 651 | |||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 49 | 49 | ||||||||||||||||||||||
Total Corporate | — | — | — | — | — | 49 | 49 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 2,627 | $ | 789 | $ | 71 | $ | 127 | $ | 169 | $ | 407 | $ | 4,190 | |||||||||||||||
Restructuring, impairment and other charges for the nine months ended September 29, 2012 were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee | Asset Impairments | Equipment | Lease | Multi-employer Pension | Building | Total | |||||||||||||||||||||||
Separation | net of gain on sale | Moving | Termination | Withdrawal Expenses | Clean-up & | ||||||||||||||||||||||||
Costs | Expenses | Expenses | Other | ||||||||||||||||||||||||||
Expenses | |||||||||||||||||||||||||||||
Print and Envelope | |||||||||||||||||||||||||||||
2012 Plan | $ | 3,444 | $ | 6,631 | $ | 532 | $ | 342 | $ | 5,400 | $ | 1,251 | $ | 17,600 | |||||||||||||||
Residual Plans | 451 | — | 47 | 219 | (313 | ) | 964 | 1,368 | |||||||||||||||||||||
Acquisition Integration Plans | 953 | 824 | 88 | 176 | — | 238 | 2,279 | ||||||||||||||||||||||
Total Print and Envelope | 4,848 | 7,455 | 667 | 737 | 5,087 | 2,453 | 21,247 | ||||||||||||||||||||||
Label and Packaging | |||||||||||||||||||||||||||||
2012 Plan | 709 | — | 6 | — | — | 13 | 728 | ||||||||||||||||||||||
Residual Plans | 382 | — | — | 43 | — | 4 | 429 | ||||||||||||||||||||||
Acquisition Integration Plans | — | — | (4 | ) | — | — | — | (4 | ) | ||||||||||||||||||||
Total Label and Packaging | 1,091 | — | 2 | 43 | — | 17 | 1,153 | ||||||||||||||||||||||
Corporate | |||||||||||||||||||||||||||||
Residual Plans | — | — | — | — | — | 166 | 166 | ||||||||||||||||||||||
Total Corporate | — | — | — | — | — | 166 | 166 | ||||||||||||||||||||||
Total Restructuring, Impairment and Other Charges | $ | 5,939 | $ | 7,455 | $ | 669 | $ | 780 | $ | 5,087 | $ | 2,636 | $ | 22,566 | |||||||||||||||
Restructuring liabilities [Table Text Block] | ' | ||||||||||||||||||||||||||||
A summary of the activity related to the restructuring liabilities for all the cost savings, restructuring and integration initiatives were as follows (in thousands): | |||||||||||||||||||||||||||||
Employee Separation Cost | Lease Termination | Pension | Building Clean-up, | Total | |||||||||||||||||||||||||
Withdrawal | Equipment Moving | ||||||||||||||||||||||||||||
Liabilities | and Other Expenses | ||||||||||||||||||||||||||||
2013 Plan | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||||||||||
Accruals, net | 5,270 | 353 | — | 200 | 5,823 | ||||||||||||||||||||||||
Payments | (3,903 | ) | (199 | ) | — | (200 | ) | (4,302 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 1,367 | $ | 154 | $ | — | $ | — | $ | 1,521 | |||||||||||||||||||
2012 Plan | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 1,199 | $ | 493 | $ | 5,400 | $ | — | $ | 7,092 | |||||||||||||||||||
Accruals, net | (48 | ) | 210 | — | 992 | 1,154 | |||||||||||||||||||||||
Payments | (1,025 | ) | (336 | ) | — | (992 | ) | (2,353 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 126 | $ | 367 | $ | 5,400 | $ | — | $ | 5,893 | |||||||||||||||||||
Residual Plans | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 127 | $ | 2,017 | $ | 19,519 | $ | — | $ | 21,663 | |||||||||||||||||||
Accruals, net | 19 | 341 | 322 | 326 | 1,008 | ||||||||||||||||||||||||
Payments | (146 | ) | (1,086 | ) | (2,259 | ) | (326 | ) | (3,817 | ) | |||||||||||||||||||
Balance as of September 28, 2013 | $ | — | $ | 1,272 | $ | 17,582 | $ | — | $ | 18,854 | |||||||||||||||||||
Acquisition Integration Plans | |||||||||||||||||||||||||||||
Balance as of December 29, 2012 | $ | 298 | $ | 1,088 | $ | — | $ | — | $ | 1,386 | |||||||||||||||||||
Accruals, net | 319 | 29 | — | 1,512 | 1,860 | ||||||||||||||||||||||||
Payments | (547 | ) | (310 | ) | — | (1,512 | ) | (2,369 | ) | ||||||||||||||||||||
Balance as of September 28, 2013 | $ | 70 | $ | 807 | $ | — | $ | — | $ | 877 | |||||||||||||||||||
Income_Loss_Per_Share_Tables
Income (Loss) Per Share (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Income (loss) per share - basic and diluted [Table Text Block] | ' | ||||||||||||||||
The following table sets forth the computation of basic and diluted income/(loss) per share for the periods ended (in thousands, except per share data): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Numerator for basic and diluted income/(loss) per share: | |||||||||||||||||
Income/(loss) from continuing operations | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | (5 | ) | ||||||||||||
Net income/(loss) | $ | 23,983 | $ | 4,475 | $ | (14,045 | ) | $ | (23,144 | ) | |||||||
Numerator for diluted income/(loss) per share: | |||||||||||||||||
Income/(loss) from continuing operations - as reported | $ | 10,491 | $ | 3,022 | $ | (28,995 | ) | $ | (23,139 | ) | |||||||
Interest expense on 7% Notes, net of taxes | 1,020 | 1,020 | — | — | |||||||||||||
Income/(loss) from continuing operations - after assumed conversions of dilutive shares | 11,511 | 4,042 | (28,995 | ) | (23,139 | ) | |||||||||||
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | (5 | ) | ||||||||||||
Net income/(loss) for diluted income (loss) per share after assumed conversions of dilutive shares | $ | 25,003 | $ | 5,495 | $ | (14,045 | ) | $ | (23,144 | ) | |||||||
Denominator for weighted average common shares outstanding: | |||||||||||||||||
Basic shares | 64,333 | 63,624 | 64,032 | 63,502 | |||||||||||||
Dilutive effect of convertible notes | 20,831 | 20,831 | — | — | |||||||||||||
Dilutive effect of equity awards | 868 | 89 | — | — | |||||||||||||
Diluted shares | 86,032 | 84,544 | 64,032 | 63,502 | |||||||||||||
Income/(loss) per share – basic: | |||||||||||||||||
Continuing operations | $ | 0.16 | $ | 0.05 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Discontinued operations | 0.21 | 0.02 | 0.23 | — | |||||||||||||
Net income/(loss) | $ | 0.37 | $ | 0.07 | $ | (0.22 | ) | $ | (0.36 | ) | |||||||
Income/(loss) per share – diluted: | |||||||||||||||||
Continuing operations | $ | 0.13 | $ | 0.04 | $ | (0.45 | ) | $ | (0.36 | ) | |||||||
Discontinued operations | 0.16 | 0.02 | 0.23 | — | |||||||||||||
Net income/(loss) | $ | 0.29 | $ | 0.06 | $ | (0.22 | ) | $ | (0.36 | ) | |||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 28, 2013 | |||||||||||||||||
Segment Information [Abstract] | ' | ||||||||||||||||
Segment Information [Table Text Block] | ' | ||||||||||||||||
The following tables present certain segment information (in thousands): | |||||||||||||||||
For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||
September 28, 2013 | September 29, 2012 | September 28, 2013 | September 29, 2012 | ||||||||||||||
Net sales: | |||||||||||||||||
Print and envelope | $ | 330,579 | $ | 328,906 | $ | 932,925 | $ | 971,161 | |||||||||
Label and packaging | 112,202 | 108,262 | 335,010 | 329,432 | |||||||||||||
Total | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Operating income/(loss): | |||||||||||||||||
Print and envelope | $ | 15,184 | $ | 27,170 | $ | 38,298 | $ | 55,286 | |||||||||
Label and packaging | 9,053 | 12,472 | 32,547 | 37,343 | |||||||||||||
Corporate | (7,713 | ) | (7,360 | ) | (25,801 | ) | (23,094 | ) | |||||||||
Total | $ | 16,524 | $ | 32,282 | $ | 45,044 | $ | 69,535 | |||||||||
Restructuring, impairment and other charges: | |||||||||||||||||
Print and envelope | $ | 2,584 | $ | 3,490 | $ | 7,612 | $ | 21,247 | |||||||||
Label and packaging | 579 | 651 | 571 | 1,153 | |||||||||||||
Corporate | 174 | 49 | 2,060 | 166 | |||||||||||||
Total | $ | 3,337 | $ | 4,190 | $ | 10,243 | $ | 22,566 | |||||||||
Net sales by product line: | |||||||||||||||||
$ | 152,862 | $ | 169,103 | $ | 427,451 | $ | 481,065 | ||||||||||
Envelope | 177,717 | 159,803 | 505,474 | 490,096 | |||||||||||||
Label | 84,494 | 82,478 | 252,011 | 248,484 | |||||||||||||
Packaging | 27,708 | 25,784 | 82,999 | 80,948 | |||||||||||||
Total | $ | 442,781 | $ | 437,168 | $ | 1,267,935 | $ | 1,300,593 | |||||||||
Intercompany sales: | |||||||||||||||||
Print and envelope to label and packaging | $ | 97 | $ | 1,691 | $ | 657 | $ | 5,049 | |||||||||
Label and packaging to print and envelope | 2,223 | 1,902 | 3,840 | 5,024 | |||||||||||||
Total | $ | 2,320 | $ | 3,593 | $ | 4,497 | $ | 10,073 | |||||||||
September 28, 2013 | December 29, 2012 | ||||||||||||||||
Total assets: | |||||||||||||||||
Print and envelope | $ | 819,195 | $ | 797,065 | |||||||||||||
Label and packaging | 348,601 | 327,726 | |||||||||||||||
Corporate | 70,710 | 75,764 | |||||||||||||||
Total | $ | 1,238,506 | $ | 1,200,555 | |||||||||||||
Condensed_Consolidating_Financ1
Condensed Consolidating Financial Information (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 28, 2013 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule Of Condensed Consolidating Balance Sheet [Table Text Block] | ' | |||||||||||||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
28-Sep-13 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 6,906 | $ | 59 | $ | 1,573 | $ | — | $ | 8,538 | ||||||||||||
Accounts receivable, net | — | 116,221 | 149,364 | 1,347 | — | 266,932 | ||||||||||||||||||
Inventories | — | 70,159 | 81,492 | 46 | — | 151,697 | ||||||||||||||||||
Notes receivable from subsidiaries | — | 36,938 | — | — | (36,938 | ) | — | |||||||||||||||||
Prepaid and other current assets | — | 50,782 | 12,102 | 2,986 | — | 65,870 | ||||||||||||||||||
Assets of discontinued operations - current | — | — | 339 | — | — | 339 | ||||||||||||||||||
Total current assets | — | 281,006 | 243,356 | 5,952 | (36,938 | ) | 493,376 | |||||||||||||||||
Investment in subsidiaries | (473,010 | ) | 1,863,828 | 4,646 | 6,725 | (1,402,189 | ) | — | ||||||||||||||||
Property, plant and equipment, net | — | 129,959 | 176,191 | 856 | — | 307,006 | ||||||||||||||||||
Goodwill | — | 25,540 | 155,741 | 5,278 | — | 186,559 | ||||||||||||||||||
Other intangible assets, net | — | 10,037 | 193,213 | 1,216 | — | 204,466 | ||||||||||||||||||
Other assets, net | — | 41,453 | 5,096 | 482 | — | 47,031 | ||||||||||||||||||
Assets of discontinued operations - long-term | — | — | 68 | — | — | 68 | ||||||||||||||||||
Total assets | $ | (473,010 | ) | $ | 2,351,823 | $ | 778,311 | $ | 20,509 | $ | (1,439,127 | ) | $ | 1,238,506 | ||||||||||
Liabilities and Shareholders’ (Deficit)/Equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current maturities of long-term debt | $ | — | $ | 8,886 | $ | 3,539 | $ | — | $ | — | $ | 12,425 | ||||||||||||
Accounts payable | — | 121,122 | 105,588 | 606 | — | 227,316 | ||||||||||||||||||
Accrued compensation and related liabilities | — | 18,911 | 12,105 | 457 | — | 31,473 | ||||||||||||||||||
Other current liabilities | — | 55,273 | 20,641 | 553 | — | 76,467 | ||||||||||||||||||
Liabilities of discontinued operations - current | — | 1,601 | 971 | — | — | 2,572 | ||||||||||||||||||
Intercompany payable/(receivable) | — | 1,333,274 | (1,342,510 | ) | 9,236 | — | — | |||||||||||||||||
Notes payable to issuer | — | — | 36,938 | — | (36,938 | ) | — | |||||||||||||||||
Total current liabilities | — | 1,539,067 | (1,162,728 | ) | 10,852 | (36,938 | ) | 350,253 | ||||||||||||||||
Long-term debt | — | 1,172,221 | 3,436 | — | — | 1,175,657 | ||||||||||||||||||
Other liabilities | — | 113,545 | 73,703 | (1,714 | ) | — | 185,534 | |||||||||||||||||
Liabilities of discontinued operations - long-term | — | — | 72 | — | — | 72 | ||||||||||||||||||
Shareholders’ (deficit)/equity | (473,010 | ) | (473,010 | ) | 1,863,828 | 11,371 | (1,402,189 | ) | (473,010 | ) | ||||||||||||||
Total liabilities and shareholders’ (deficit)/equity | $ | (473,010 | ) | $ | 2,351,823 | $ | 778,311 | $ | 20,509 | $ | (1,439,127 | ) | $ | 1,238,506 | ||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||
29-Dec-12 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets: | ||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 5,763 | $ | 286 | $ | 2,061 | $ | — | $ | 8,110 | ||||||||||||
Accounts receivable, net | — | 98,199 | 155,188 | 1,002 | — | 254,389 | ||||||||||||||||||
Inventories | — | 59,618 | 67,535 | 82 | — | 127,235 | ||||||||||||||||||
Notes receivable from subsidiaries | — | 36,938 | — | — | (36,938 | ) | — | |||||||||||||||||
Prepaid and other current assets | — | 53,303 | 11,878 | 2,783 | — | 67,964 | ||||||||||||||||||
Assets of discontinued operations - current | — | 5,171 | 6,094 | — | — | 11,265 | ||||||||||||||||||
Total current assets | — | 258,992 | 240,981 | 5,928 | (36,938 | ) | 468,963 | |||||||||||||||||
Investment in subsidiaries | (464,314 | ) | 1,758,007 | 7,671 | 6,725 | (1,308,089 | ) | — | ||||||||||||||||
Property, plant and equipment, net | — | 86,416 | 191,453 | 1,209 | — | 279,078 | ||||||||||||||||||
Goodwill | — | 25,540 | 155,849 | 6,026 | — | 187,415 | ||||||||||||||||||
Other intangible assets, net | — | 6,621 | 196,755 | 1,823 | — | 205,199 | ||||||||||||||||||
Other assets, net | — | 40,301 | 3,827 | 504 | — | 44,632 | ||||||||||||||||||
Assets of discontinued operations - long-term | — | 6,525 | 8,743 | — | — | 15,268 | ||||||||||||||||||
Total assets | $ | (464,314 | ) | $ | 2,182,402 | $ | 805,279 | $ | 22,215 | $ | (1,345,027 | ) | $ | 1,200,555 | ||||||||||
Liabilities and Shareholders’ (Deficit)/Equity | ||||||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||||||
Current maturities of long-term debt | $ | — | $ | 6,961 | $ | 4,787 | $ | — | $ | — | $ | 11,748 | ||||||||||||
Accounts payable | — | 104,941 | 74,394 | 515 | — | 179,850 | ||||||||||||||||||
Accrued compensation and related liabilities | — | 14,409 | 9,755 | 514 | — | 24,678 | ||||||||||||||||||
Other current liabilities | — | 56,766 | 20,069 | 532 | — | 77,367 | ||||||||||||||||||
Liabilities of discontinued operations - current | — | 2,930 | 3,661 | — | — | 6,591 | ||||||||||||||||||
Intercompany payable/(receivable) | — | 1,177,669 | (1,185,665 | ) | 7,996 | — | — | |||||||||||||||||
Notes payable to issuer | — | — | 36,938 | — | (36,938 | ) | — | |||||||||||||||||
Total current liabilities | — | 1,363,676 | (1,036,061 | ) | 9,557 | (36,938 | ) | 300,234 | ||||||||||||||||
Long-term debt | — | 1,166,360 | 5,510 | — | — | 1,171,870 | ||||||||||||||||||
Other liabilities | — | 115,196 | 78,427 | (1,738 | ) | — | 191,885 | |||||||||||||||||
Liabilities of discontinued operations - long-term | — | 1,484 | (604 | ) | — | — | 880 | |||||||||||||||||
Shareholders’ (deficit)/equity | (464,314 | ) | (464,314 | ) | 1,758,007 | 14,396 | (1,308,089 | ) | (464,314 | ) | ||||||||||||||
Total liabilities and shareholders’ (deficit)/equity | $ | (464,314 | ) | $ | 2,182,402 | $ | 805,279 | $ | 22,215 | $ | (1,345,027 | ) | $ | 1,200,555 | ||||||||||
Schedule of Condensed Consolidating Statement of Operations and Comprehensive Income [Table Text Block] | ' | |||||||||||||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the three months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 187,592 | $ | 251,212 | $ | 3,977 | $ | — | $ | 442,781 | ||||||||||||
Cost of sales | — | 163,606 | 200,099 | 3,651 | — | 367,356 | ||||||||||||||||||
Selling, general and administrative expenses | — | 30,172 | 22,704 | 229 | — | 53,105 | ||||||||||||||||||
Amortization of intangible assets | — | 137 | 2,189 | 133 | — | 2,459 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 1,992 | 1,344 | 1 | — | 3,337 | ||||||||||||||||||
Operating income/(loss) | — | (8,315 | ) | 24,876 | (37 | ) | — | 16,524 | ||||||||||||||||
Gain on bargain purchase | — | (12,443 | ) | 8 | — | — | (12,435 | ) | ||||||||||||||||
Interest expense, net | — | 27,482 | 122 | 7 | — | 27,611 | ||||||||||||||||||
Intercompany interest expense/(income) | — | (281 | ) | 281 | — | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 1,593 | — | — | — | 1,593 | ||||||||||||||||||
Other expense/(income), net | — | 768 | (84 | ) | (89 | ) | — | 595 | ||||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (25,434 | ) | 24,549 | 45 | — | (840 | ) | ||||||||||||||||
Income tax (benefit)/expense | — | (5,435 | ) | (5,932 | ) | 36 | — | (11,331 | ) | |||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (19,999 | ) | 30,481 | 9 | — | 10,491 | |||||||||||||||||
Equity in income/(loss) of subsidiaries | 23,983 | 37,380 | 9 | — | (61,372 | ) | — | |||||||||||||||||
Income/(loss) from continuing operations | 23,983 | 17,381 | 30,490 | 9 | (61,372 | ) | 10,491 | |||||||||||||||||
Income from discontinued operations, net of taxes | — | 6,602 | 6,890 | — | — | 13,492 | ||||||||||||||||||
Net income/(loss) | 23,983 | 23,983 | 37,380 | 9 | (61,372 | ) | 23,983 | |||||||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | (31 | ) | (31 | ) | (1,073 | ) | — | 1,135 | — | |||||||||||||||
Currency translation adjustment | — | — | 1,042 | (1,073 | ) | — | (31 | ) | ||||||||||||||||
Comprehensive (loss)/income | $ | 23,952 | $ | 23,952 | $ | 37,349 | $ | (1,064 | ) | $ | (60,237 | ) | $ | 23,952 | ||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the nine months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 516,022 | $ | 741,124 | $ | 10,789 | $ | — | $ | 1,267,935 | ||||||||||||
Cost of sales | — | 444,788 | 601,643 | 9,961 | — | 1,056,392 | ||||||||||||||||||
Selling, general and administrative expenses | — | 83,814 | 64,318 | 651 | — | 148,783 | ||||||||||||||||||
Amortization of intangible assets | — | 411 | 6,664 | 398 | — | 7,473 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 6,841 | 3,388 | 14 | — | 10,243 | ||||||||||||||||||
Operating income/(loss) | — | (19,832 | ) | 65,111 | (235 | ) | — | 45,044 | ||||||||||||||||
Gain on bargain purchase | — | (12,443 | ) | 8 | — | — | (12,435 | ) | ||||||||||||||||
Interest expense, net | — | 85,080 | 341 | — | — | 85,421 | ||||||||||||||||||
Intercompany interest expense/(income) | — | (935 | ) | 935 | — | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 9,440 | — | — | — | 9,440 | ||||||||||||||||||
Other (income)/expense, net | — | 1,646 | (2,783 | ) | (263 | ) | — | (1,400 | ) | |||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (102,620 | ) | 66,610 | 28 | — | (35,982 | ) | ||||||||||||||||
Income tax (benefit)/expense | — | (2,724 | ) | (4,324 | ) | 61 | — | (6,987 | ) | |||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (99,896 | ) | 70,934 | (33 | ) | — | (28,995 | ) | |||||||||||||||
Equity in income/(loss) of subsidiaries | (14,045 | ) | 76,670 | (33 | ) | — | (62,592 | ) | — | |||||||||||||||
Income/(loss) from continuing operations | (14,045 | ) | (23,226 | ) | 70,901 | (33 | ) | (62,592 | ) | (28,995 | ) | |||||||||||||
Income from discontinued operations, net of taxes | — | 9,181 | 5,769 | — | — | 14,950 | ||||||||||||||||||
Net (loss)/income | (14,045 | ) | (14,045 | ) | 76,670 | (33 | ) | (62,592 | ) | (14,045 | ) | |||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | (3,139 | ) | (3,139 | ) | (2,992 | ) | — | 9,270 | — | |||||||||||||||
Currency translation adjustment | — | — | (147 | ) | (2,992 | ) | — | (3,139 | ) | |||||||||||||||
Comprehensive (loss)/income | $ | (17,184 | ) | $ | (17,184 | ) | $ | 73,531 | $ | (3,025 | ) | $ | (53,322 | ) | $ | (17,184 | ) | |||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the three months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 165,588 | $ | 267,428 | $ | 4,152 | $ | — | $ | 437,168 | ||||||||||||
Cost of sales | — | 139,278 | 211,062 | 3,440 | — | 353,780 | ||||||||||||||||||
Selling, general and administrative expenses | — | 24,236 | 20,043 | 190 | — | 44,469 | ||||||||||||||||||
Amortization of intangible assets | — | 137 | 2,176 | 134 | — | 2,447 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 1,805 | 2,383 | 2 | — | 4,190 | ||||||||||||||||||
Operating income | — | 132 | 31,764 | 386 | — | 32,282 | ||||||||||||||||||
Interest expense, net | — | 28,784 | 148 | (6 | ) | — | 28,926 | |||||||||||||||||
Intercompany interest expense/(income) | — | (414 | ) | 391 | 23 | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 25 | — | — | — | 25 | ||||||||||||||||||
Other (income)/expense, net | — | 375 | (3 | ) | 119 | — | 491 | |||||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (28,638 | ) | 31,228 | 250 | — | 2,840 | |||||||||||||||||
Income tax expense/(benefit) | — | (2,717 | ) | 1,768 | 767 | — | (182 | ) | ||||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (25,921 | ) | 29,460 | (517 | ) | — | 3,022 | ||||||||||||||||
Equity in income/(loss) of subsidiaries | 4,475 | 28,990 | (517 | ) | — | (32,948 | ) | — | ||||||||||||||||
Income/(loss) from continuing operations | 4,475 | 3,069 | 28,943 | (517 | ) | (32,948 | ) | 3,022 | ||||||||||||||||
Income from discontinued operations, net of taxes | — | 1,406 | 47 | — | — | 1,453 | ||||||||||||||||||
Net income/(loss) | 4,475 | 4,475 | 28,990 | (517 | ) | (32,948 | ) | 4,475 | ||||||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | 2,412 | 2,412 | 1,244 | — | (6,068 | ) | — | |||||||||||||||||
Currency translation adjustment | — | — | 1,168 | 1,244 | — | 2,412 | ||||||||||||||||||
Comprehensive income/(loss) | $ | 6,887 | $ | 6,887 | $ | 31,402 | $ | 727 | $ | (39,016 | ) | $ | 6,887 | |||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) | ||||||||||||||||||||||||
For the nine months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Subsidiaries | |||||||||||||||||||||
Net sales | $ | — | $ | 507,767 | $ | 780,951 | $ | 11,875 | $ | — | $ | 1,300,593 | ||||||||||||
Cost of sales | — | 427,634 | 625,104 | 10,381 | — | 1,063,119 | ||||||||||||||||||
Selling, general and administrative expenses | — | 76,760 | 60,567 | 591 | — | 137,918 | ||||||||||||||||||
Amortization of intangible assets | — | 444 | 6,609 | 402 | — | 7,455 | ||||||||||||||||||
Restructuring, impairment and other charges | — | 3,331 | 19,139 | 96 | — | 22,566 | ||||||||||||||||||
Operating income/(loss) | — | (402 | ) | 69,532 | 405 | — | 69,535 | |||||||||||||||||
Interest expense, net | — | 85,118 | 469 | (13 | ) | — | 85,574 | |||||||||||||||||
Intercompany interest expense/(income) | — | (1,102 | ) | 1,030 | 72 | — | — | |||||||||||||||||
Loss on early extinguishment of debt, net | — | 11,439 | — | — | — | 11,439 | ||||||||||||||||||
Other (income)/expense, net | — | (245 | ) | 23 | (105 | ) | — | (327 | ) | |||||||||||||||
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | — | (95,612 | ) | 68,010 | 451 | — | (27,151 | ) | ||||||||||||||||
Income tax expense/(benefit) | — | (7,680 | ) | 2,940 | 728 | — | (4,012 | ) | ||||||||||||||||
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | — | (87,932 | ) | 65,070 | (277 | ) | — | (23,139 | ) | |||||||||||||||
Equity in income/(loss) of subsidiaries | (23,144 | ) | 58,186 | (277 | ) | — | (34,765 | ) | — | |||||||||||||||
Income/(loss) from continuing operations | (23,144 | ) | (29,746 | ) | 64,793 | (277 | ) | (34,765 | ) | (23,139 | ) | |||||||||||||
Income/(loss) from discontinued operations, net of taxes | — | 6,602 | (6,607 | ) | — | — | (5 | ) | ||||||||||||||||
Net income/(loss) | (23,144 | ) | (23,144 | ) | 58,186 | (277 | ) | (34,765 | ) | (23,144 | ) | |||||||||||||
Other comprehensive income/(loss): | ||||||||||||||||||||||||
Other comprehensive income/(loss) of subsidiaries | 1,654 | 1,654 | 179 | — | (3,487 | ) | — | |||||||||||||||||
Currency translation adjustment | — | — | 1,475 | 179 | — | 1,654 | ||||||||||||||||||
Comprehensive income/(loss) | $ | (21,490 | ) | $ | (21,490 | ) | $ | 59,840 | $ | (98 | ) | $ | (38,252 | ) | $ | (21,490 | ) | |||||||
Schedule of Condensed Consolidating Statement of Cash Flows [Table Text Block] | ' | |||||||||||||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the nine months ended September 28, 2013 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Guarantor | |||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net cash provided by/(used in) operating activities of continuing operations | $ | 2,879 | $ | (116,022 | ) | $ | 125,347 | $ | (1,506 | ) | $ | — | $ | 10,698 | ||||||||||
Net cash provided by operating activities of discontinued operations | — | 6,503 | 552 | — | — | 7,055 | ||||||||||||||||||
Net cash provided by/(used in) operating activities | 2,879 | (109,519 | ) | 125,899 | (1,506 | ) | — | 17,753 | ||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Cost of business acquisitions, net of cash acquired | — | (33,166 | ) | — | — | — | (33,166 | ) | ||||||||||||||||
Capital expenditures | — | (9,883 | ) | (13,021 | ) | (141 | ) | — | (23,045 | ) | ||||||||||||||
Purchase of investment | — | (1,650 | ) | — | — | — | (1,650 | ) | ||||||||||||||||
Proceeds from insurance claim | — | — | 3,036 | — | — | 3,036 | ||||||||||||||||||
Proceeds from sale of property, plant and equipment | — | 250 | 7,611 | — | — | 7,861 | ||||||||||||||||||
Net cash (used in)/provided by investing activities of continuing operations | — | (44,449 | ) | (2,374 | ) | (141 | ) | — | (46,964 | ) | ||||||||||||||
Net cash provided by investing activities of discontinued operations | — | 20,715 | 21,999 | — | — | 42,714 | ||||||||||||||||||
Net cash (used in)/provided by investing activities | — | (23,734 | ) | 19,625 | (141 | ) | — | (4,250 | ) | |||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayment of 7.875% senior subordinated notes | — | (67,848 | ) | — | — | — | (67,848 | ) | ||||||||||||||||
Repayment of Term Loan B due 2016 | — | (390,005 | ) | — | — | — | (390,005 | ) | ||||||||||||||||
Payment of financing related costs and expenses and debt issuance discounts | — | (15,219 | ) | — | — | — | (15,219 | ) | ||||||||||||||||
Repayments of other long-term debt | — | — | (3,323 | ) | — | — | (3,323 | ) | ||||||||||||||||
Purchase and retirement of common stock upon vesting of RSUs | (509 | ) | — | — | — | — | (509 | ) | ||||||||||||||||
(Repayment)/borrowings under revolving credit facility, net | — | (18,000 | ) | — | — | — | (18,000 | ) | ||||||||||||||||
Proceeds from issuance of Term Loan facility | — | 360,000 | — | — | — | 360,000 | ||||||||||||||||||
Borrowings under ABL facility due 2017 | — | 474,400 | — | — | — | 474,400 | ||||||||||||||||||
Repayments under ABL facility due 2017 | — | (392,600 | ) | — | — | — | (392,600 | ) | ||||||||||||||||
Proceeds from exercise of stock options | 76 | — | — | — | — | 76 | ||||||||||||||||||
Proceeds from issuance of 15% unsecured term loan due 2017 | — | 50,000 | — | — | — | 50,000 | ||||||||||||||||||
Repayment of 15% unsecured term loan due 2017 | — | (30,000 | ) | — | — | — | (30,000 | ) | ||||||||||||||||
Proceeds from equipment loan | — | 20,000 | — | — | — | 20,000 | ||||||||||||||||||
Intercompany advances | (2,446 | ) | 143,668 | (142,462 | ) | 1,240 | — | — | ||||||||||||||||
Net cash provided by/(used in) financing activities | (2,879 | ) | 134,396 | (145,785 | ) | 1,240 | — | (13,028 | ) | |||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 34 | (81 | ) | — | (47 | ) | ||||||||||||||||
Net increase/(decrease) in cash and cash equivalents | — | 1,143 | (227 | ) | (488 | ) | — | 428 | ||||||||||||||||
Cash and cash equivalents at beginning of period | — | 5,763 | 286 | 2,061 | — | 8,110 | ||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 6,906 | $ | 59 | $ | 1,573 | $ | — | $ | 8,538 | ||||||||||||
CENVEO, INC. AND SUBSIDIARIES | ||||||||||||||||||||||||
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||
For the nine months ended September 29, 2012 | ||||||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Parent | Subsidiary | Guarantor | Non- | Eliminations | Consolidated | |||||||||||||||||||
Company | Issuer | Subsidiaries | Guarantor | |||||||||||||||||||||
Subsidiaries | ||||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Net cash provided by/(used in) operating activities of continuing operations | $ | 4,446 | $ | (95,188 | ) | $ | 100,680 | $ | 2,528 | $ | — | $ | 12,466 | |||||||||||
Net cash provided by operating activities of discontinued operations | — | 5,780 | 432 | — | — | 6,212 | ||||||||||||||||||
Net cash provided by/(used in) operating activities | 4,446 | (89,408 | ) | 101,112 | 2,528 | — | 18,678 | |||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Cost of business acquisitions, net of cash acquired | — | (644 | ) | — | — | — | (644 | ) | ||||||||||||||||
Capital expenditures | — | (7,656 | ) | (7,553 | ) | (117 | ) | — | (15,326 | ) | ||||||||||||||
Proceeds from sale of property, plant and equipment | — | 32 | 2,301 | — | — | 2,333 | ||||||||||||||||||
Proceeds from sale of intangible assets | — | 1,700 | — | — | — | 1,700 | ||||||||||||||||||
Intercompany note | — | 3,900 | — | — | (3,900 | ) | — | |||||||||||||||||
Net cash used in investing activities of continuing operations | — | (2,668 | ) | (5,252 | ) | (117 | ) | (3,900 | ) | (11,937 | ) | |||||||||||||
Net cash provided by investing activities of discontinued operations | — | 16,251 | 23,359 | — | — | 39,610 | ||||||||||||||||||
Net cash provided by/(used in) investing activities | — | 13,583 | 18,107 | (117 | ) | (3,900 | ) | 27,673 | ||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Repayment of 10.5% senior notes | — | (169,875 | ) | — | — | — | (169,875 | ) | ||||||||||||||||
Repayment of 7.875% senior subordinated notes | — | (196,088 | ) | — | — | — | (196,088 | ) | ||||||||||||||||
Borrowings of Term Loan B due 2016 | — | 17,987 | — | — | — | 17,987 | ||||||||||||||||||
Repayment of 8.375% senior subordinated notes | — | (24,787 | ) | — | — | — | (24,787 | ) | ||||||||||||||||
Payment of financing related costs and expenses and debt issuance discounts | — | (32,335 | ) | — | — | — | (32,335 | ) | ||||||||||||||||
Repayments of other long-term debt | — | (300 | ) | (3,199 | ) | — | — | (3,499 | ) | |||||||||||||||
Purchase and retirement of common stock upon vesting of RSUs | (734 | ) | — | — | — | — | (734 | ) | ||||||||||||||||
Proceeds from issuance of 11.5% senior notes | — | 225,000 | — | — | — | 225,000 | ||||||||||||||||||
Proceeds from issuance of 7% senior exchangeable notes | — | 86,250 | — | — | — | 86,250 | ||||||||||||||||||
(Repayments)/borrowings under revolving credit facility, net | — | 45,550 | — | — | — | 45,550 | ||||||||||||||||||
Intercompany note | — | — | — | (3,900 | ) | 3,900 | — | |||||||||||||||||
Intercompany advances | (3,712 | ) | 117,920 | (116,198 | ) | 1,990 | — | — | ||||||||||||||||
Net cash (used in)/provided by financing activities of continuing operations | (4,446 | ) | 69,322 | (119,397 | ) | (1,910 | ) | 3,900 | (52,531 | ) | ||||||||||||||
Net cash used in financing activities of discontinued operations | — | (1,652 | ) | — | — | — | (1,652 | ) | ||||||||||||||||
Net cash (used in)/provided by financing activities | (4,446 | ) | 67,670 | (119,397 | ) | (1,910 | ) | 3,900 | (54,183 | ) | ||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | — | — | 401 | 13 | — | 414 | ||||||||||||||||||
Net (decrease) increase in cash and cash equivalents | — | (8,155 | ) | 223 | 514 | — | (7,418 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of period | — | 16,033 | 280 | 1,440 | — | 17,753 | ||||||||||||||||||
Cash and cash equivalents at end of period | $ | — | $ | 7,878 | $ | 503 | $ | 1,954 | $ | — | $ | 10,335 | ||||||||||||
Basis_of_Presentation_Details
Basis of Presentation (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 29, 2012 |
Goodwill and Intangible Asset Impairment [Abstract] | ' | ' | ' | ' | ' |
Goodwill of discontinued operations | $0 | ' | $0 | ' | $4,000 |
Long-Lived Assets [Abstract] | ' | ' | ' | ' | ' |
Restructuring, impairment and other charges | 3,337 | 4,190 | 10,243 | 22,566 | ' |
Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' | ' |
Long-Lived Assets [Abstract] | ' | ' | ' | ' | ' |
Restructuring, impairment and other charges | $263 | $789 | $398 | $7,455 | ' |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | |||||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 16, 2013 | Dec. 31, 2012 | Sep. 28, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 28, 2013 | |
National Envelope Acquisition [Member] | National Envelope Acquisition [Member] | Express Label Acquisition [Member] | Customer Relationships [Member] | Customer Relationships [Member] | Trade Names [Member] | Patents [Member] | |||||
employee | Express Label Acquisition [Member] | Express Label Acquisition [Member] | |||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Acquisition Related Costs | $5,000,000 | $700,000 | $5,700,000 | $1,100,000 | $4,800,000 | ' | ' | ' | ' | ' | ' |
Annual net sales prior to acquisition by the Company | ' | ' | ' | ' | ' | ' | 5,400,000 | ' | ' | ' | ' |
Business Combination, Consideration Transferred | ' | ' | ' | ' | ' | 34,062,000 | 5,100,000 | ' | ' | ' | ' |
Business Acquisition, Purchase Price Allocation, Goodwill Amount | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' |
Other intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | $3,000,000 | $300,000 | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '12 years 0 months | ' | ' | ' | ' | '9 years 0 months | '10 years | '10 years | '10 years 0 months |
Entity Number of Employees | ' | ' | ' | ' | ' | 1,600 | ' | ' | ' | ' | ' |
Acquisitions_Purchase_Price_Al
Acquisitions Purchase Price Allocation of National Envelope (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | |||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 16, 2013 | Sep. 28, 2013 | Sep. 16, 2013 | Sep. 28, 2013 | |
National Envelope Acquisition [Member] | National Envelope Acquisition [Member] | National Envelope Acquisition [Member] | Off-Market Favorable Lease [Member] | Off-Market Favorable Lease [Member] | Tax Expense [Member] | |||||
National Envelope Acquisition [Member] | National Envelope Acquisition [Member] | |||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of the acquisition of certain assets of National | ' | ' | ' | ' | ' | ' | $34,062,000 | ' | ' | ' |
Business Acquisition, Cost of Acquired Entity, Equity Interests Issued and Issuable | ' | ' | ' | ' | ' | ' | 6,000,000 | ' | ' | ' |
Gain on bargain purchase | 12,435,000 | 0 | 12,435,000 | 0 | ' | 12,435,000 | ' | ' | ' | 4,900,000 |
Other intangible assets | ' | ' | ' | ' | ' | ' | ' | ' | 3,728,000 | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' | '12 years 0 months | ' | ' | ' | ' | '20 years 0 months | '20 years 0 months | ' |
Net sales of acquired since acquisition date | ' | ' | ' | ' | 11,000,000 | ' | ' | ' | ' | ' |
Income from operations of acquired since acquisition date | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' |
Property, plant and equipment | ' | ' | ' | ' | ' | ' | 47,650,000 | ' | ' | ' |
Total assets acquired | ' | ' | ' | ' | ' | ' | 51,378,000 | ' | ' | ' |
Current liabilities | ' | ' | ' | ' | ' | ' | 2,345,000 | ' | ' | ' |
Note payable | ' | ' | ' | ' | ' | ' | 2,536,000 | ' | ' | ' |
Total liabilities assumed | ' | ' | ' | ' | ' | ' | 4,881,000 | ' | ' | ' |
Net assets acquired | ' | ' | ' | ' | ' | ' | $46,497,000 | ' | ' | ' |
Acquisitions_Pro_Forma_Financi
Acquisitions Pro Forma Financial Information of National Envelope (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Net sales | $442,781,000 | $437,168,000 | $1,267,935,000 | $1,300,593,000 |
Income/(loss) from continuing operations | 10,491,000 | 3,022,000 | -28,995,000 | -23,139,000 |
Income (Loss) from Continuing Operations, Per Basic Share | $0.16 | $0.05 | ($0.45) | ($0.36) |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.13 | $0.04 | ($0.45) | ($0.36) |
Business Combination, Acquisition Related Costs | 5,000,000 | 700,000 | 5,700,000 | 1,100,000 |
Net income (loss) per share - diluted | $0.29 | $0.06 | ($0.22) | ($0.36) |
National Envelope Acquisition [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Pro forma | 517,166,000 | 538,554,000 | 1,517,926,000 | 1,621,939,000 |
Pro forma | -8,142,000 | -10,273,000 | -71,797,000 | -46,846,000 |
Pro forma | ($0.12) | ($0.16) | ($1.09) | ($0.71) |
Pro forma | ($0.12) | ($0.16) | ($1.09) | ($0.71) |
Business Combination, Acquisition Related Costs | ' | ' | $4,800,000 | ' |
Discontinued_Operations_Narrat
Discontinued Operations (Narrative) (Details) (USD $) | 0 Months Ended | |||
In Millions, unless otherwise specified | Sep. 28, 2013 | Feb. 10, 2012 | Jan. 27, 2012 | Feb. 10, 2012 |
Custom Envelope [Member] | Documents Group [Member] | Wide Format Business [Member] | Scenario, Previously Reported [Member] | |
Documents Group [Member] | ||||
Discontinued Operations [Line Items] | ' | ' | ' | ' |
Proceeds from the sales of discontinued operations | $42.30 | $35.50 | $4.70 | $40 |
Gain (Loss) on Sale of Business | 12.5 | ' | ' | ' |
Gain Contingency, Unrecorded Amount | $4.90 | ' | ' | ' |
Discontinued_Operations_Assets
Discontinued Operations Assets and Liabilities (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Discontinued Operations [Line Items] | ' | ' |
Accounts receivable, net | $252 | $7,222 |
Inventories | 0 | 3,534 |
Prepaid and other current assets | 87 | 509 |
Assets of discontinued operation - current | 339 | 11,265 |
Property, plant and equipment, net | 68 | 3,522 |
Goodwill | 0 | 4,000 |
Other intangible assets, net | 0 | 7,705 |
Other assets, net | 0 | 41 |
Assets of discontinued operations - long-term | 68 | 15,268 |
Accounts payable | 182 | 5,421 |
Accrued compensation and related liabilities | 747 | 645 |
Other current liabilities | 1,643 | 525 |
Liabilities of discontinued operations - current | 2,572 | 6,591 |
Liabilities of discontinued operations - long-term | 72 | 880 |
Net assets | ($2,237) | $19,062 |
Discontinued_Operations_Statem
Discontinued Operations Statement of Operations Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
Discontinued Operations [Line Items] | ' | ' | ' | ' |
Net sales | $8,447,000 | $14,106,000 | $34,891,000 | $54,361,000 |
Income from discontinued operations before income taxes | 1,605,000 | 2,556,000 | 5,040,000 | 8,915,000 |
Income tax expense on discontinued operations | 643,000 | 1,011,000 | 2,620,000 | 3,509,000 |
Gain/(loss) on sale of discontinued operations, net of tax | 12,530,000 | -92,000 | 12,530,000 | -5,411,000 |
Income/(loss) from discontinued operations, net of taxes | 13,492,000 | 1,453,000 | 14,950,000 | -5,000 |
Discontinued operations per share - basic | $0.21 | $0.02 | $0.23 | $0 |
Discontinued operations per share - diluted | $0.16 | $0.02 | $0.23 | $0 |
Discontinued Operations [Abstract] | ' | ' | ' | ' |
Tax effect on income (loss) from discontinued operations | 10,700,000 | 100,000 | 10,700,000 | 3,400,000 |
Income tax benefit | -11,331,000 | -182,000 | -6,987,000 | -4,012,000 |
Prior Discontinued Operations [Member] | ' | ' | ' | ' |
Discontinued Operations [Line Items] | ' | ' | ' | ' |
Income/(loss) from discontinued operations, net of taxes | ' | ' | ' | 1,800,000 |
Discontinued Operations [Abstract] | ' | ' | ' | ' |
Tax effect on income (loss) from discontinued operations | ' | ' | ' | $1,200,000 |
Inventories_Details
Inventories (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Inventories [Abstract] | ' | ' |
Raw materials | $62,732 | $49,001 |
Work in process | 21,446 | 17,058 |
Finished goods | 67,519 | 61,176 |
Inventories, net | $151,697 | $127,235 |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $764,716 | $718,409 |
Accumulated depreciation | -457,710 | -439,331 |
Property, plant and equipment, net | 307,006 | 279,078 |
Land and Land Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 15,028 | 17,283 |
Building and Building Improvements [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 98,929 | 103,326 |
Machinery and Equipment [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 627,174 | 579,570 |
Furniture and Fixtures [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | 11,025 | 11,170 |
Construction in Progress [Member] | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' |
Property, plant and equipment, gross | $12,560 | $7,060 |
Property_Plant_and_Equipment_N
Property, Plant and Equipment (Narrative) (Details) (USD $) | 9 Months Ended | 3 Months Ended | 6 Months Ended | |||
Sep. 28, 2013 | Sep. 29, 2012 | Jun. 29, 2013 | Mar. 30, 2013 | Jun. 30, 2012 | Jun. 29, 2013 | |
Print and envelope [Member] | Print and envelope [Member] | Print and envelope [Member] | Label and packaging [Member] | |||
Building and Building Improvements [Member] | Building and Building Improvements [Member] | Building and Building Improvements [Member] | Machinery and Equipment [Member] | |||
facility | facility | facility | ||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' |
Number of manufacturing facilities sold | ' | ' | 1 | 1 | 1 | ' |
Sale Leaseback Transaction, Net Book Value | ' | ' | ' | $3,700,000 | ' | ' |
Sale Leaseback Transaction, Net Proceeds | ' | ' | ' | 6,300,000 | ' | ' |
Sale Leaseback Transaction, Deferred Gain, Net | ' | ' | ' | 2,600,000 | ' | ' |
ProceedsFromInsuranceSettlement | ' | ' | ' | ' | ' | 4,400,000 |
Gain on insurance claim | 2,670,000 | 0 | ' | ' | ' | 2,700,000 |
Proceeds from the sale of long-lived assets | ' | ' | $1,700,000 | ' | $1,400,000 | ' |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets Goodwill by Reportable Segment (Details) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 28, 2013 |
Goodwill [Roll Forward] | ' |
Balance as of the year ended | $187,415 |
Acquisitions, net | 92 |
Foreign currency translation | -948 |
Balance as of the period ended | 186,559 |
Print and envelope [Member] | ' |
Goodwill [Roll Forward] | ' |
Balance as of the year ended | 75,450 |
Acquisitions, net | 0 |
Foreign currency translation | -948 |
Balance as of the period ended | 74,502 |
Label and packaging [Member] | ' |
Goodwill [Roll Forward] | ' |
Balance as of the year ended | 111,965 |
Acquisitions, net | 92 |
Foreign currency translation | 0 |
Balance as of the period ended | $112,057 |
Goodwill_and_Other_Intangible_5
Goodwill and Other Intangible Assets Intangible assets with determinable lives (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Dec. 29, 2012 |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '12 years 0 months | ' |
Gross Carrying Amount | $190,229 | $184,035 |
Accumulated Impairment Charges | -27,234 | -27,234 |
Accumulated Amortization | -78,269 | -71,342 |
Net Carrying Amount | 84,726 | 85,459 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' |
Gross Carrying Amount | 331,969 | 325,775 |
Accumulated Impairment Charges | -49,234 | -49,234 |
Accumulated Amortization | -78,269 | -71,342 |
Net Carrying Amount | 204,466 | 205,199 |
Trademarks [Member] | ' | ' |
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract] | ' | ' |
Gross Carrying Amount | 141,740 | 141,740 |
Accumulated Impairment Charges | -22,000 | -22,000 |
Net Carrying Amount | 119,740 | 119,740 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '9 years 0 months | ' |
Gross Carrying Amount | 161,919 | 159,296 |
Accumulated Impairment Charges | -27,234 | -27,234 |
Accumulated Amortization | -68,561 | -62,055 |
Net Carrying Amount | 66,124 | 70,007 |
Trademarks and tradenames [Member] | ' | ' |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '23 years 0 months | ' |
Gross Carrying Amount | 20,914 | 20,701 |
Accumulated Impairment Charges | 0 | 0 |
Accumulated Amortization | -6,579 | -5,938 |
Net Carrying Amount | 14,335 | 14,763 |
Off-Market Favorable Lease [Member] | ' | ' |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '20 years 0 months | ' |
Gross Carrying Amount | 3,728 | 0 |
Accumulated Impairment Charges | 0 | 0 |
Accumulated Amortization | 0 | 0 |
Net Carrying Amount | 3,728 | 0 |
Patents [Member] | ' | ' |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | '10 years 0 months | ' |
Gross Carrying Amount | 3,528 | 3,528 |
Accumulated Impairment Charges | 0 | 0 |
Accumulated Amortization | -2,989 | -2,839 |
Net Carrying Amount | 539 | 689 |
Noncompete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Abstract] | ' | ' |
Finite-Lived Intangible Asset, Useful Life | ' | ' |
Gross Carrying Amount | 140 | 510 |
Accumulated Impairment Charges | 0 | 0 |
Accumulated Amortization | -140 | -510 |
Net Carrying Amount | $0 | $0 |
Goodwill_and_Other_Intangible_6
Goodwill and Other Intangible Assets Annual amortization expense (Details) (USD $) | Sep. 28, 2013 |
In Thousands, unless otherwise specified | |
Goodwill and Other Intangible Assets [Abstract] | ' |
2013 | $9,755 |
2014 | 9,818 |
2015 | 8,373 |
2016 | 7,262 |
2017 | $7,203 |
Goodwill_and_Other_Intangible_7
Goodwill and Other Intangible Assets Other Intangible Assets Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 29, 2012 | |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill | ' | $186,559,000 | ' | $187,415,000 |
Other intangible assets, net | ' | 204,466,000 | ' | 205,199,000 |
Proceeds from sale of intangible asset | 1,700,000 | 0 | 1,700,000 | ' |
Gain (loss) on sale of intangible assets | 1,300,000 | ' | ' | ' |
Print and envelope [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill | ' | 74,502,000 | ' | 75,450,000 |
Print [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill | ' | 51,100,000 | ' | ' |
Other intangible assets, net | ' | 44,800,000 | ' | ' |
Label and packaging [Member] | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' |
Goodwill | ' | $112,057,000 | ' | $111,965,000 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 0 Months Ended | 0 Months Ended | 0 Months Ended | 9 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 9 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 29, 2012 | Apr. 16, 2013 | Sep. 28, 2013 | Apr. 16, 2013 | Dec. 29, 2012 | Apr. 16, 2013 | Apr. 16, 2013 | Apr. 16, 2013 | Apr. 16, 2013 | Apr. 16, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Apr. 16, 2013 | Apr. 16, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Jan. 18, 2013 | Dec. 29, 2012 | Mar. 31, 2012 | Mar. 26, 2012 | Mar. 31, 2012 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Jun. 30, 2012 | Mar. 26, 2012 | Mar. 26, 2012 | Sep. 28, 2013 | Dec. 29, 2012 | Mar. 26, 2012 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Dec. 29, 2012 | Aug. 25, 2013 | Jan. 18, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Aug. 25, 2013 | Aug. 25, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 16, 2013 | |
Term Loan B, due 2016 [Member] | Equipment note [Member] | Equipment note [Member] | Asset-Backed Securities and Loans Payable [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Loans Payable [Member] | Loans Payable [Member] | Loans Payable [Member] | Loans Payable [Member] | Loans Payable [Member] | Loans Payable [Member] | Loans Payable [Member] | Line of Credit and Loans Payable [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Line of Credit [Member] | Senior and Senior Subordinated Notes [Member] | Senior and Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Convertible Debt [Member] | Convertible Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Unsecured Debt [Member] | Other debt including capital leases [Member] | Other debt including capital leases [Member] | Other debt including capital leases [Member] | ||||||
ABL Facility And Term Loan Facility Both Due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | ABL facility, due 2017 [Member] | Term loan facility, due 2017 [Member] | Term loan facility, due 2017 [Member] | Term loan facility, due 2017 [Member] | Term loan facility, due 2017 [Member] | Term loan facility, due 2017 [Member] | Term Loan B, due 2016 [Member] | Term Loan B, due 2016 [Member] | Term Loan B and Revolving Credit Facility Due 2014 [Member] | Revolving credit facility, due 2014 [Member] | Revolving credit facility, due 2014 [Member] | Revolving credit facility, due 2014 [Member] | 7.875% and 8.375% senior subordinated notes and 10.5% senior notes [Member] | 7.875% and 8.375% senior subordinated notes and 10.5% senior notes [Member] | 7.875% and 8.375% senior subordinated notes and 10.5% senior notes [Member] | 7.875% senior subordinated notes, due 2013 [Member] | 7.875% senior subordinated notes, due 2013 [Member] | 7.875% senior subordinated notes, due 2013 [Member] | 7.875% senior subordinated notes, due 2013 [Member] | 7.875% senior subordinated notes, due 2013 [Member] | 8.375% senior subordinated notes, due 2014 [Member] | 8.875% senior second lien notes, due 2018 [Member] | 8.875% senior second lien notes, due 2018 [Member] | 10.5% senior notes, due 2016 [Member] | 11.5% senior notes, due 2017 [Member] | 11.5% senior notes, due 2017 [Member] | 7% senior exchangeable notes, due 2017 [Member] | 7% senior exchangeable notes, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | 15% unsecured term loan, due 2017 [Member] | Equipment note [Member] | |||||||||||
LIBOR Interest Rate [Member] | PRIME Interest Rate [Member] | Minimum [Member] | Maximum [Member] | LIBOR Interest Rate [Member] | PRIME Interest Rate [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | |||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt and Capital Lease Obligations | $1,188,082,000 | ' | $1,188,082,000 | ' | $1,183,618,000 | ' | ' | ' | ' | $81,800,000 | ' | $0 | ' | ' | ' | ' | ' | $354,577,000 | $0 | ' | ' | $0 | $385,547,000 | ' | $0 | ' | $18,000,000 | ' | ' | ' | $0 | $67,848,000 | ' | ' | ' | ' | $398,242,000 | $398,001,000 | ' | $218,703,000 | $217,675,000 | $86,250,000 | $86,250,000 | ' | ' | $19,000,000 | $0 | ' | ' | ' | ' | $29,510,000 | $10,297,000 | ' |
Current maturities of long-term debt | 12,425,000 | ' | 12,425,000 | ' | 11,748,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | 1,175,657,000 | ' | 1,175,657,000 | ' | 1,171,870,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term Debt, Fair Value | 1,200,000,000 | ' | 1,200,000,000 | ' | 1,200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured Term Loan [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | ' | ' | 50,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Debt Issuance Costs | ' | ' | 15,219,000 | 32,335,000 | ' | ' | ' | ' | 7,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 |
Debt Instrument, Unamortized Discount | ' | ' | ' | ' | ' | ' | ' | ' | 1,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Maximum Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 170,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 1.00% | ' | ' | ' | ' | ' | 1.25% | 2.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loan Balance Threshold Maximum | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,500,000 | 6,300,000 | ' | ' | ' |
Debt Instrument, Interest Rate Increase | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.05 | 0.04 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured Debt [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from equipment note | ' | ' | 20,000,000 | ' | ' | ' | 20,000,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7.88% | ' | ' | ' | ' | ' | 8.88% | ' | ' | 11.50% | ' | 7.00% | ' | ' | ' | 15.00% | ' | ' | ' | ' | ' | ' | ' | 11.00% |
Refinancing [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 360,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Debt Issuance Costs | ' | ' | 15,219,000 | 32,335,000 | ' | ' | ' | ' | 7,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 |
Line of Credit Facility, Commitment Fee Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.38% | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
DebtInstrumentMinimumRequiredAnnualPrincipalPaymentPercentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Extinguishments [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gains (Losses) on Extinguishment of Debt | -1,593,000 | -25,000 | -9,440,000 | -11,439,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -6,400,000 | ' | ' | ' | -12,700,000 | 2,100,000 | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,600,000 | -2,900,000 | ' | ' | ' | ' | ' |
Debt extinguishment amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,000,000 | 50,000,000 | 13,800,000 | 2,000,000 | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | 30,000,000 | ' | ' | ' | ' | ' |
Write off of Deferred Debt Issuance Cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,100,000 | ' | ' | ' | ' | 100,000 | 3,100,000 | ' | ' | 0 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 900,000 | 1,600,000 | ' | ' | ' | ' | ' |
Write Off Of Original Issuance Discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 700,000 | 1,300,000 | ' | ' | ' | ' | ' |
Payments of Debt Extinguishment Costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,100,000 | ' | ' | ' | ' | ' | 9,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt extinguishment, cost to retire | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16,200,000 | 49,500,000 | 12,200,000 | 1,600,000 | ' | ' | 4,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
11.5% Senior Notes Issuance [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of 11.5% senior notes | ' | ' | 0 | 225,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
7% Senior Exchangeable Notes [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of 7% senior exchangeable notes | ' | ' | 0 | 86,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2010 Credit Facilities [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Term Loan | ' | ' | ' | ' | ' | $390,005,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Parenthetical_De
Long-Term Debt (Parenthetical) (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | ' | ' |
Long-term Debt, Fair Value | 1,200,000,000 | 1,200,000,000 |
Line of Credit [Member] | Revolving credit facility, due 2014 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | ' | ' |
Senior Subordinated Notes [Member] | 7.875% senior subordinated notes, due 2013 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.88% | ' |
Senior Subordinated Notes [Member] | 8.875% senior second lien notes, due 2018 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | 400,000,000 | 400,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | 8.88% | ' |
Loans Payable [Member] | Term loan facility, due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | 358,200,000 | 0 |
Loans Payable [Member] | Term Loan B, due 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | 0 | 388,200,000 |
Senior Notes [Member] | 11.5% senior notes, due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | 225,000,000 | 225,000,000 |
Debt Instrument, Interest Rate, Stated Percentage | 11.50% | ' |
Convertible Debt [Member] | 7% senior exchangeable notes, due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.00% | ' |
Unsecured Debt [Member] | 15% unsecured term loan, due 2017 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | 20,000,000 | 0 |
Debt Instrument, Interest Rate, Stated Percentage | 15.00% | ' |
Other debt including capital leases [Member] | Other debt including capital leases [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Long-term Debt, Outstanding Principal Amount | ' | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Fair Value Disclosures [Abstract] | ' | ' | ' | ' |
Cash and cash equivalents | $8,538 | $8,110 | $10,335 | $17,753 |
Cash and cash equivalents | 8,538 | 8,110 | ' | ' |
Accounts receivable, net | 266,932 | 254,389 | ' | ' |
Accounts receivable, net | 266,932 | 254,389 | ' | ' |
Current maturities of long-term debt | 12,425 | 11,748 | ' | ' |
Current maturities of long-term debt | 12,425 | 11,748 | ' | ' |
Accounts payable | 227,316 | 179,850 | ' | ' |
Accounts payable | $227,316 | $179,850 | ' | ' |
Retirement_Plans_Details
Retirement Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Service cost | $0 | $415,000 | $0 | $1,449,000 |
Interest cost | 3,421,000 | 3,642,000 | 10,263,000 | 10,908,000 |
Expected return on plan assets | -4,618,000 | -4,141,000 | -13,854,000 | -12,657,000 |
Net amortization and deferral | -2,000 | -1,000 | -6,000 | -3,000 |
Actuarial (gain) loss | 1,992,000 | 1,562,000 | 5,976,000 | 4,818,000 |
Net periodic cost | 793,000 | 1,477,000 | 2,379,000 | 4,515,000 |
Employer contributions | ' | ' | 12,400,000 | ' |
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year | 3,700,000 | ' | 3,700,000 | ' |
Reconciliation of Benefit Obligation [Roll Forward] | ' | ' | ' | ' |
Service cost | 0 | 415,000 | 0 | 1,449,000 |
Interest cost | 3,421,000 | 3,642,000 | 10,263,000 | 10,908,000 |
Other Postretirement Benefit Plans, Defined Benefit [Member] | ' | ' | ' | ' |
Net Periodic Benefit Cost [Abstract] | ' | ' | ' | ' |
Interest cost | 200,000 | 200,000 | 600,000 | 700,000 |
Reconciliation of Benefit Obligation [Roll Forward] | ' | ' | ' | ' |
Interest cost | $200,000 | $200,000 | $600,000 | $700,000 |
StockBased_Compensation_Detail
Stock-Based Compensation (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 28, 2013 | Sep. 28, 2013 | Sep. 28, 2013 | |
Performance Shares [Member] | Stock Options [Member] | Stock Options [Member] | Restricted Stock Units (RSUs) [Member] | 2007 Long-term Equity Incentive Plan [Member] | 2007 Long-term Equity Incentive Plan [Member] | |||||
Restricted Stock Units (RSUs) [Member] | Restricted Stock Units (RSUs) [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock-based compensation provision | $900,000 | $1,500,000 | $2,879,000 | $4,445,000 | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost related to unvested share-based compensation grants | 5,200,000 | ' | 5,200,000 | ' | ' | ' | ' | ' | ' | ' |
Weighted average amortization period of unvested share-based compensation grants | ' | ' | '1 year 3 months 3 days | ' | ' | ' | ' | ' | ' | ' |
Narrative Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | 1,200,000 |
Options, Outstanding [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options outstanding as of the year ended | ' | ' | ' | ' | ' | 2,226,000 | ' | ' | ' | ' |
Options granted | ' | ' | ' | ' | ' | 189,500 | ' | ' | ' | ' |
Options exercised | ' | ' | ' | ' | ' | -10,000 | ' | ' | ' | ' |
Options forfeited | ' | ' | ' | ' | ' | -512,500 | ' | ' | ' | ' |
Options outstanding as of the year ended | ' | ' | ' | ' | ' | 1,893,000 | 2,226,000 | ' | ' | ' |
Options Outstanding, Weighted Average Exercise Price [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Wt avg exercise price outstanding as of the year ended | ' | ' | ' | ' | ' | $7.75 | ' | ' | ' | ' |
Wt avg exercise price granted | ' | ' | ' | ' | ' | $2 | ' | ' | ' | ' |
Wt avg exercise price exercised | ' | ' | ' | ' | ' | $2 | ' | ' | ' | ' |
Wt avg exercise price forfeited | ' | ' | ' | ' | ' | $15.05 | ' | ' | ' | ' |
Wt avg exercise price outstanding as of the year ended | ' | ' | ' | ' | ' | $5.23 | $7.75 | ' | ' | ' |
Wt Avg Exercise Price, Contractual Term, Intrinsic Value, Options, Additional Disclosures [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Wt avg remain contract term outstanding as of the year ended | ' | ' | ' | ' | ' | '2 years 7 months | '2 years 8 months 12 days | ' | ' | ' |
Intrinsic value outstanding as of the year ended | ' | ' | ' | ' | ' | 172,000 | 0 | ' | ' | ' |
Intrinsic value exercised as of the year ended | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' |
Exercisable, options, as of the year ended | ' | ' | ' | ' | ' | 1,381,625 | ' | ' | ' | ' |
Exercisable, wt avg exercise price as of the year ended | ' | ' | ' | ' | ' | $5.44 | ' | ' | ' | ' |
Exercisable, wt avg remaining contractual term as of the year ended | ' | ' | ' | ' | ' | '2 years 1 month | ' | ' | ' | ' |
Exercisable, intrinsic value as of the year ended | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' |
Weighted Average, Fair Value Assumptions [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Weighted average fair value of option grants during the year | ' | ' | ' | ' | ' | $1.01 | ' | ' | ' | ' |
Expected option life in years | ' | ' | ' | ' | ' | '4 years 3 months | ' | ' | ' | ' |
Risk-free interest rate | ' | ' | ' | ' | ' | 0.50% | ' | ' | ' | ' |
Expected volatility | ' | ' | ' | ' | ' | 65.70% | ' | ' | ' | ' |
Expected dividend yield | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' |
Nonvested, Restricted Shares and RSUs, Number of Shares [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested as of the year ended (shares) | ' | ' | ' | ' | 0 | ' | ' | 1,074,340 | ' | ' |
Granted (shares) | ' | ' | ' | ' | 730,500 | ' | ' | 549,500 | ' | ' |
Vested (shares) | ' | ' | ' | ' | 0 | ' | ' | -492,500 | ' | ' |
Forfeited (shares) | ' | ' | ' | ' | -7,500 | ' | ' | -1,250 | ' | ' |
Unvested as of the year ended (shares) | ' | ' | ' | ' | 723,000 | ' | ' | 1,130,090 | ' | ' |
Nonvested, Restricted Shares and RSUs, Weighted Average Grant Date Fair Value [Roll Forward] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested as of the year ended (fair value) | ' | ' | ' | ' | $0 | ' | ' | $5.44 | ' | ' |
Granted (fair value) | ' | ' | ' | ' | $2 | ' | ' | $2 | ' | ' |
Vested (fair value) | ' | ' | ' | ' | $0 | ' | ' | $5.71 | ' | ' |
Forfeited (fair value) | ' | ' | ' | ' | $2 | ' | ' | $5.62 | ' | ' |
Unvested as of the year ended (fair value) | ' | ' | ' | ' | $2 | ' | ' | $3.65 | ' | ' |
Restructuring_Impairment_and_O2
Restructuring, Impairment and Other Charges (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | $3,337 | $4,190 | $10,243 | $22,566 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 3,337 | 4,190 | 10,243 | 22,566 |
Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1,807 | 2,627 | 5,560 | 5,939 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1,807 | 2,627 | 5,560 | 5,939 |
Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 263 | 789 | 398 | 7,455 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 263 | 789 | 398 | 7,455 |
Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 297 | 71 | 1,248 | 669 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 297 | 71 | 1,248 | 669 |
Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 372 | 127 | 933 | 780 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 372 | 127 | 933 | 780 |
Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 120 | 169 | 322 | 5,087 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 120 | 169 | 322 | 5,087 |
Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 478 | 407 | 1,782 | 2,636 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 478 | 407 | 1,782 | 2,636 |
Print and envelope [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 2,584 | 3,490 | 7,612 | 21,247 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 2,584 | 3,490 | 7,612 | 21,247 |
Print and envelope [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1,193 | 1,969 | 2,965 | 4,848 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1,193 | 1,969 | 2,965 | 4,848 |
Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 263 | 789 | 398 | 7,455 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 263 | 789 | 398 | 7,455 |
Print and envelope [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 297 | 71 | 1,248 | 667 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 297 | 71 | 1,248 | 667 |
Print and envelope [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 308 | 136 | 1,057 | 737 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 308 | 136 | 1,057 | 737 |
Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 120 | 169 | 322 | 5,087 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 120 | 169 | 322 | 5,087 |
Print and envelope [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 403 | 356 | 1,622 | 2,453 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 403 | 356 | 1,622 | 2,453 |
Label and packaging [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 579 | 651 | 571 | 1,153 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 579 | 651 | 571 | 1,153 |
Label and packaging [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 578 | 658 | 745 | 1,091 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 578 | 658 | 745 | 1,091 |
Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Label and packaging [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 2 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 2 |
Label and packaging [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | -9 | -188 | 43 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | -9 | -188 | 43 |
Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Label and packaging [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1 | 2 | 14 | 17 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1 | 2 | 14 | 17 |
Corporate [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 174 | 49 | 2,060 | 166 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 174 | 49 | 2,060 | 166 |
Corporate [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 36 | 0 | 1,850 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 36 | 0 | 1,850 | 0 |
Corporate [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Corporate [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Corporate [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 64 | 0 | 64 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 64 | 0 | 64 | 0 |
Corporate [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Corporate [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 74 | 49 | 146 | 166 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 74 | 49 | 146 | 166 |
2013 Plan [Member] | ' | ' | ' | ' |
Restructuring Cost and Reserve [Line Items] | ' | ' | ' | ' |
Restructuring related headcount reductions | ' | ' | 200 | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 5,823 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 5,823 | ' |
Payments | ' | ' | -4,302 | ' |
Balance as of the year ended | 1,521 | ' | 1,521 | ' |
2013 Plan [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 5,270 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 5,270 | ' |
Payments | ' | ' | -3,903 | ' |
Balance as of the year ended | 1,367 | ' | 1,367 | ' |
2013 Plan [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 353 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 353 | ' |
Payments | ' | ' | -199 | ' |
Balance as of the year ended | 154 | ' | 154 | ' |
2013 Plan [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 0 | ' |
Payments | ' | ' | 0 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
2013 Plan [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 200 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 200 | ' |
Payments | ' | ' | -200 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
2013 Plan [Member] | Print and envelope [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1,644 | ' | 3,120 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1,644 | ' | 3,120 | ' |
2013 Plan [Member] | Print and envelope [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1,353 | ' | 2,695 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1,353 | ' | 2,695 | ' |
2013 Plan [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 10 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 10 | ' |
2013 Plan [Member] | Print and envelope [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 199 | ' | 289 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 199 | ' | 289 | ' |
2013 Plan [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 92 | ' | 126 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 92 | ' | 126 | ' |
2013 Plan [Member] | Label and packaging [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 578 | ' | 748 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 578 | ' | 748 | ' |
2013 Plan [Member] | Label and packaging [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 578 | ' | 748 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 578 | ' | 748 | ' |
2013 Plan [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Label and packaging [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Corporate [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 143 | ' | 1,955 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 143 | ' | 1,955 | ' |
2013 Plan [Member] | Corporate [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 36 | ' | 1,827 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 36 | ' | 1,827 | ' |
2013 Plan [Member] | Corporate [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Corporate [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Corporate [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 64 | ' | 64 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 64 | ' | 64 | ' |
2013 Plan [Member] | Corporate [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | ' | 0 | ' |
2013 Plan [Member] | Corporate [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 43 | ' | 64 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 43 | ' | 64 | ' |
2012 Plan [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 1,154 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 7,092 | ' |
Accruals, net | ' | ' | 1,154 | ' |
Payments | ' | ' | -2,353 | ' |
Balance as of the year ended | 5,893 | ' | 5,893 | ' |
2012 Plan [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | -48 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 1,199 | ' |
Accruals, net | ' | ' | -48 | ' |
Payments | ' | ' | -1,025 | ' |
Balance as of the year ended | 126 | ' | 126 | ' |
2012 Plan [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 210 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 493 | ' |
Accruals, net | ' | ' | 210 | ' |
Payments | ' | ' | -336 | ' |
Balance as of the year ended | 367 | ' | 367 | ' |
2012 Plan [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 5,400 | ' |
Accruals, net | ' | ' | 0 | ' |
Payments | ' | ' | 0 | ' |
Balance as of the year ended | 5,400 | ' | 5,400 | ' |
2012 Plan [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 992 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 992 | ' |
Payments | ' | ' | -992 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
2012 Plan [Member] | Print and envelope [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 48 | 1,403 | 1,404 | 17,600 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 48 | 1,403 | 1,404 | 17,600 |
2012 Plan [Member] | Print and envelope [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | -18 | 1,200 | -49 | 3,444 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | -18 | 1,200 | -49 | 3,444 |
2012 Plan [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | -3 | 265 | 6,631 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | -3 | 265 | 6,631 |
2012 Plan [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 10 | 20 | 232 | 532 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 10 | 20 | 232 | 532 |
2012 Plan [Member] | Print and envelope [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 2 | 6 | 210 | 342 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 2 | 6 | 210 | 342 |
2012 Plan [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 5,400 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 5,400 |
2012 Plan [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 54 | 180 | 746 | 1,251 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 54 | 180 | 746 | 1,251 |
2012 Plan [Member] | Label and packaging [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1 | 634 | 15 | 728 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1 | 634 | 15 | 728 |
2012 Plan [Member] | Label and packaging [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 632 | 1 | 709 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 632 | 1 | 709 |
2012 Plan [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
2012 Plan [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 6 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 6 |
2012 Plan [Member] | Label and packaging [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
2012 Plan [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
2012 Plan [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 1 | 2 | 14 | 13 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 1 | 2 | 14 | 13 |
Residual Plans [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 1,008 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 21,663 | ' |
Accruals, net | ' | ' | 1,008 | ' |
Payments | ' | ' | -3,817 | ' |
Balance as of the year ended | 18,854 | ' | 18,854 | ' |
Residual Plans [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 19 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 127 | ' |
Accruals, net | ' | ' | 19 | ' |
Payments | ' | ' | -146 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
Residual Plans [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 341 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 2,017 | ' |
Accruals, net | ' | ' | 341 | ' |
Payments | ' | ' | -1,086 | ' |
Balance as of the year ended | 1,272 | ' | 1,272 | ' |
Residual Plans [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 322 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 19,519 | ' |
Accruals, net | ' | ' | 322 | ' |
Payments | ' | ' | -2,259 | ' |
Balance as of the year ended | 17,582 | ' | 17,582 | ' |
Residual Plans [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 326 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 326 | ' |
Payments | ' | ' | -326 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
Residual Plans [Member] | Print and envelope [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 281 | 401 | 1,095 | 1,368 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 281 | 401 | 1,095 | 1,368 |
Residual Plans [Member] | Print and envelope [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 112 | 0 | 451 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 112 | 0 | 451 |
Residual Plans [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Residual Plans [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 8 | 10 | 47 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 8 | 10 | 47 |
Residual Plans [Member] | Print and envelope [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 81 | 5 | 529 | 219 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 81 | 5 | 529 | 219 |
Residual Plans [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 120 | 169 | 322 | -313 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 120 | 169 | 322 | -313 |
Residual Plans [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 80 | 107 | 234 | 964 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 80 | 107 | 234 | 964 |
Residual Plans [Member] | Label and packaging [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 17 | -192 | 429 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 17 | -192 | 429 |
Residual Plans [Member] | Label and packaging [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 26 | -4 | 382 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 26 | -4 | 382 |
Residual Plans [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 0 | 0 | 0 |
Residual Plans [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 0 | 0 | 0 |
Residual Plans [Member] | Label and packaging [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | -9 | -188 | 43 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | -9 | -188 | 43 |
Residual Plans [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 0 | 0 | 0 |
Residual Plans [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | 0 | 0 | 4 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | 0 | 0 | 4 |
Residual Plans [Member] | Corporate [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 31 | 49 | 105 | 166 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 31 | 49 | 105 | 166 |
Residual Plans [Member] | Corporate [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 23 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 23 | 0 |
Residual Plans [Member] | Corporate [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Residual Plans [Member] | Corporate [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Residual Plans [Member] | Corporate [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Residual Plans [Member] | Corporate [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Residual Plans [Member] | Corporate [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 31 | 49 | 82 | 166 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 31 | 49 | 82 | 166 |
Acquisition Integration Plans [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 1,860 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 1,386 | ' |
Accruals, net | ' | ' | 1,860 | ' |
Payments | ' | ' | -2,369 | ' |
Balance as of the year ended | 877 | ' | 877 | ' |
Acquisition Integration Plans [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 319 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 298 | ' |
Accruals, net | ' | ' | 319 | ' |
Payments | ' | ' | -547 | ' |
Balance as of the year ended | 70 | ' | 70 | ' |
Acquisition Integration Plans [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 29 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 1,088 | ' |
Accruals, net | ' | ' | 29 | ' |
Payments | ' | ' | -310 | ' |
Balance as of the year ended | 807 | ' | 807 | ' |
Acquisition Integration Plans [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 0 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 0 | ' |
Payments | ' | ' | 0 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
Acquisition Integration Plans [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | 1,512 | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Balance as of the year ended | ' | ' | 0 | ' |
Accruals, net | ' | ' | 1,512 | ' |
Payments | ' | ' | -1,512 | ' |
Balance as of the year ended | 0 | ' | 0 | ' |
Acquisition Integration Plans [Member] | Print and envelope [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 611 | 1,686 | 1,993 | 2,279 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 611 | 1,686 | 1,993 | 2,279 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | -142 | 657 | 319 | 953 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | -142 | 657 | 319 | 953 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 263 | 792 | 133 | 824 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 263 | 792 | 133 | 824 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 287 | 43 | 996 | 88 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 287 | 43 | 996 | 88 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 26 | 125 | 29 | 176 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 26 | 125 | 29 | 176 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 0 | 0 | 0 | 0 |
Acquisition Integration Plans [Member] | Print and envelope [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | 177 | 69 | 516 | 238 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | 177 | 69 | 516 | 238 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | -4 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | -4 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Employee Separation Costs [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | 0 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Asset Impairments, Net of Gain on Sale [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | 0 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Equipment Moving Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | -4 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | -4 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Lease Termination Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | 0 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Multi-employer Pension Withdrawal Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | 0 |
Acquisition Integration Plans [Member] | Label and packaging [Member] | Building Clean-up and Other Expenses [Member] | ' | ' | ' | ' |
Restructuring Charges [Abstract] | ' | ' | ' | ' |
Restructuring, impairment and other charges | ' | ' | ' | 0 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Accruals, net | ' | ' | ' | $0 |
Income_Loss_Per_Share_Details
Income (Loss) Per Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Earnings Per Share [Line Items] | ' | ' | ' | ' |
Income/(loss) from continuing operations | $10,491 | $3,022 | ($28,995) | ($23,139) |
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | -5 |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | ' | ' | 24,041,047 | 25,066,150 |
Income (Loss) per Share - Diluted [Abstract] | ' | ' | ' | ' |
Income/(loss) from continuing operations | 10,491 | 3,022 | -28,995 | -23,139 |
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | -5 |
Net income for diluted income (loss) per share after assumed conversions of dilutive shares | 25,003 | 5,495 | -14,045 | -23,144 |
Weighted Average Number of Shares Outstanding Reconciliation [Abstract] | ' | ' | ' | ' |
Basic shares | 64,333,000 | 63,624,000 | 64,032,000 | 63,502,000 |
Dilutive effect of convertible notes | 20,831,000 | 20,831,000 | 0 | 0 |
Dilutive effect of equity awards | 868,000 | 89,000 | 0 | 0 |
Diluted shares | 86,032,000 | 84,544,000 | 64,032,000 | 63,502,000 |
Income/(loss) per share – basic: | ' | ' | ' | ' |
Income (Loss) from Continuing Operations, Per Basic Share | $0.16 | $0.05 | ($0.45) | ($0.36) |
Discontinued operations per share - basic | $0.21 | $0.02 | $0.23 | $0 |
Net income (loss) per share - basic | $0.37 | $0.07 | ($0.22) | ($0.36) |
Income/(loss) per share – diluted: | ' | ' | ' | ' |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.13 | $0.04 | ($0.45) | ($0.36) |
Discontinued operations per share - diluted | $0.16 | $0.02 | $0.23 | $0 |
Net income (loss) per share - diluted | $0.29 | $0.06 | ($0.22) | ($0.36) |
Segment, Continuing Operations [Member] | ' | ' | ' | ' |
Income (Loss) per Share - Diluted [Abstract] | ' | ' | ' | ' |
Interst expense and financing costs on convertible notes, net of taxes | 1,020 | 1,020 | ' | ' |
Net income for diluted income (loss) per share after assumed conversions of dilutive shares | 11,511 | 4,042 | -28,995 | -23,139 |
Segment, Discontinued Operations [Member] | ' | ' | ' | ' |
Income (Loss) per Share - Diluted [Abstract] | ' | ' | ' | ' |
Net income for diluted income (loss) per share after assumed conversions of dilutive shares | $13,492 | $1,453 | $14,950 | ($5) |
Segment_Information_Details
Segment Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | Dec. 29, 2012 |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | $442,781 | $437,168 | $1,267,935 | $1,300,593 | ' |
Operating income | 16,524 | 32,282 | 45,044 | 69,535 | ' |
Restructuring, impairment and other charges | 3,337 | 4,190 | 10,243 | 22,566 | ' |
Intercompany sales | 2,320 | 3,593 | 4,497 | 10,073 | ' |
Total assets | 1,238,506 | ' | 1,238,506 | ' | 1,200,555 |
Depreciation and intangible asset amortization | ' | ' | 44,284 | 45,527 | ' |
Capital expenditures | ' | ' | 23,045 | 15,326 | ' |
Print and envelope to label and packaging [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Intercompany sales | 97 | 1,691 | 657 | 5,049 | ' |
Label and packaging to print and envelope [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Intercompany sales | 2,223 | 1,902 | 3,840 | 5,024 | ' |
Print [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 152,862 | 169,103 | 427,451 | 481,065 | ' |
Envelope [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 177,717 | 159,803 | 505,474 | 490,096 | ' |
Label [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 84,494 | 82,478 | 252,011 | 248,484 | ' |
Packaging [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 27,708 | 25,784 | 82,999 | 80,948 | ' |
Print and envelope [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 330,579 | 328,906 | 932,925 | 971,161 | ' |
Operating income | 15,184 | 27,170 | 38,298 | 55,286 | ' |
Restructuring, impairment and other charges | 2,584 | 3,490 | 7,612 | 21,247 | ' |
Total assets | 819,195 | ' | 819,195 | ' | 797,065 |
Label and packaging [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 112,202 | 108,262 | 335,010 | 329,432 | ' |
Operating income | 9,053 | 12,472 | 32,547 | 37,343 | ' |
Restructuring, impairment and other charges | 579 | 651 | 571 | 1,153 | ' |
Total assets | 348,601 | ' | 348,601 | ' | 327,726 |
Corporate [Member] | ' | ' | ' | ' | ' |
Segment Information [Line Items] | ' | ' | ' | ' | ' |
Operating income | -7,713 | -7,360 | -25,801 | -23,094 | ' |
Restructuring, impairment and other charges | 174 | 49 | 2,060 | 166 | ' |
Total assets | $70,710 | ' | $70,710 | ' | $75,764 |
Condensed_Consolidating_Financ2
Condensed Consolidating Financial Information Narrative (Details) | Sep. 28, 2013 |
7.875% senior subordinated notes, due 2013 [Member] | Senior Subordinated Notes [Member] | ' |
Condensed Financial Statements, Captions [Line Items] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 7.88% |
8.875% senior second lien notes, due 2018 [Member] | Senior Subordinated Notes [Member] | ' |
Condensed Financial Statements, Captions [Line Items] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 8.88% |
11.5% senior notes, due 2017 [Member] | Senior Notes [Member] | ' |
Condensed Financial Statements, Captions [Line Items] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 11.50% |
Condensed_Consolidating_Financ3
Condensed Consolidating Financial Information Condensed Consolidating Balance Sheet (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 | Sep. 29, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $8,538 | $8,110 | $10,335 | $17,753 |
Accounts receivable, net | 266,932 | 254,389 | ' | ' |
Inventories | 151,697 | 127,235 | ' | ' |
Notes receivable from subsidiaries | 0 | 0 | ' | ' |
Prepaid and other current assets | 65,870 | 67,964 | ' | ' |
Assets of discontinued operations - current | 339 | 11,265 | ' | ' |
Total current assets | 493,376 | 468,963 | ' | ' |
Investment in subsidiaries | 0 | 0 | ' | ' |
Property, plant and equipment, net | 307,006 | 279,078 | ' | ' |
Goodwill | 186,559 | 187,415 | ' | ' |
Other intangible assets, net | 204,466 | 205,199 | ' | ' |
Other assets, net | 47,031 | 44,632 | ' | ' |
Assets of discontinued operations - long-term | 68 | 15,268 | ' | ' |
Total assets | 1,238,506 | 1,200,555 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 12,425 | 11,748 | ' | ' |
Accounts payable | 227,316 | 179,850 | ' | ' |
Accrued compensation and related liabilities | 31,473 | 24,678 | ' | ' |
Other current liabilities | 76,467 | 77,367 | ' | ' |
Liabilities of discontinued operations - current | 2,572 | 6,591 | ' | ' |
Intercompany payable/(receivable) | 0 | 0 | ' | ' |
Notes payable to issuer | 0 | 0 | ' | ' |
Total current liabilities | 350,253 | 300,234 | ' | ' |
Long-term debt | 1,175,657 | 1,171,870 | ' | ' |
Other liabilities | 185,534 | 191,885 | ' | ' |
Liabilities of discontinued operations - long-term | 72 | 880 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | -473,010 | -464,314 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | 1,238,506 | 1,200,555 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Notes receivable from subsidiaries | 0 | 0 | ' | ' |
Prepaid and other current assets | 0 | 0 | ' | ' |
Assets of discontinued operations - current | 0 | 0 | ' | ' |
Total current assets | 0 | 0 | ' | ' |
Investment in subsidiaries | -473,010 | -464,314 | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other intangible assets, net | 0 | 0 | ' | ' |
Other assets, net | 0 | 0 | ' | ' |
Assets of discontinued operations - long-term | 0 | 0 | ' | ' |
Total assets | -473,010 | -464,314 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 0 | 0 | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Accrued compensation and related liabilities | 0 | 0 | ' | ' |
Other current liabilities | 0 | 0 | ' | ' |
Liabilities of discontinued operations - current | 0 | 0 | ' | ' |
Intercompany payable/(receivable) | 0 | 0 | ' | ' |
Notes payable to issuer | 0 | 0 | ' | ' |
Total current liabilities | 0 | 0 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Other liabilities | 0 | 0 | ' | ' |
Liabilities of discontinued operations - long-term | 0 | 0 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | -473,010 | -464,314 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | -473,010 | -464,314 | ' | ' |
Subsidiary Issuer [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 6,906 | 5,763 | 7,878 | 16,033 |
Accounts receivable, net | 116,221 | 98,199 | ' | ' |
Inventories | 70,159 | 59,618 | ' | ' |
Notes receivable from subsidiaries | 36,938 | 36,938 | ' | ' |
Prepaid and other current assets | 50,782 | 53,303 | ' | ' |
Assets of discontinued operations - current | 0 | 5,171 | ' | ' |
Total current assets | 281,006 | 258,992 | ' | ' |
Investment in subsidiaries | 1,863,828 | 1,758,007 | ' | ' |
Property, plant and equipment, net | 129,959 | 86,416 | ' | ' |
Goodwill | 25,540 | 25,540 | ' | ' |
Other intangible assets, net | 10,037 | 6,621 | ' | ' |
Other assets, net | 41,453 | 40,301 | ' | ' |
Assets of discontinued operations - long-term | 0 | 6,525 | ' | ' |
Total assets | 2,351,823 | 2,182,402 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 8,886 | 6,961 | ' | ' |
Accounts payable | 121,122 | 104,941 | ' | ' |
Accrued compensation and related liabilities | 18,911 | 14,409 | ' | ' |
Other current liabilities | 55,273 | 56,766 | ' | ' |
Liabilities of discontinued operations - current | 1,601 | 2,930 | ' | ' |
Intercompany payable/(receivable) | 1,333,274 | 1,177,669 | ' | ' |
Notes payable to issuer | 0 | 0 | ' | ' |
Total current liabilities | 1,539,067 | 1,363,676 | ' | ' |
Long-term debt | 1,172,221 | 1,166,360 | ' | ' |
Other liabilities | 113,545 | 115,196 | ' | ' |
Liabilities of discontinued operations - long-term | 0 | 1,484 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | -473,010 | -464,314 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | 2,351,823 | 2,182,402 | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 59 | 286 | 503 | 280 |
Accounts receivable, net | 149,364 | 155,188 | ' | ' |
Inventories | 81,492 | 67,535 | ' | ' |
Notes receivable from subsidiaries | 0 | 0 | ' | ' |
Prepaid and other current assets | 12,102 | 11,878 | ' | ' |
Assets of discontinued operations - current | 339 | 6,094 | ' | ' |
Total current assets | 243,356 | 240,981 | ' | ' |
Investment in subsidiaries | 4,646 | 7,671 | ' | ' |
Property, plant and equipment, net | 176,191 | 191,453 | ' | ' |
Goodwill | 155,741 | 155,849 | ' | ' |
Other intangible assets, net | 193,213 | 196,755 | ' | ' |
Other assets, net | 5,096 | 3,827 | ' | ' |
Assets of discontinued operations - long-term | 68 | 8,743 | ' | ' |
Total assets | 778,311 | 805,279 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 3,539 | 4,787 | ' | ' |
Accounts payable | 105,588 | 74,394 | ' | ' |
Accrued compensation and related liabilities | 12,105 | 9,755 | ' | ' |
Other current liabilities | 20,641 | 20,069 | ' | ' |
Liabilities of discontinued operations - current | 971 | 3,661 | ' | ' |
Intercompany payable/(receivable) | -1,342,510 | -1,185,665 | ' | ' |
Notes payable to issuer | 36,938 | 36,938 | ' | ' |
Total current liabilities | -1,162,728 | -1,036,061 | ' | ' |
Long-term debt | 3,436 | 5,510 | ' | ' |
Other liabilities | 73,703 | 78,427 | ' | ' |
Liabilities of discontinued operations - long-term | 72 | -604 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | 1,863,828 | 1,758,007 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | 778,311 | 805,279 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 1,573 | 2,061 | 1,954 | 1,440 |
Accounts receivable, net | 1,347 | 1,002 | ' | ' |
Inventories | 46 | 82 | ' | ' |
Notes receivable from subsidiaries | 0 | 0 | ' | ' |
Prepaid and other current assets | 2,986 | 2,783 | ' | ' |
Assets of discontinued operations - current | 0 | 0 | ' | ' |
Total current assets | 5,952 | 5,928 | ' | ' |
Investment in subsidiaries | 6,725 | 6,725 | ' | ' |
Property, plant and equipment, net | 856 | 1,209 | ' | ' |
Goodwill | 5,278 | 6,026 | ' | ' |
Other intangible assets, net | 1,216 | 1,823 | ' | ' |
Other assets, net | 482 | 504 | ' | ' |
Assets of discontinued operations - long-term | 0 | 0 | ' | ' |
Total assets | 20,509 | 22,215 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 0 | 0 | ' | ' |
Accounts payable | 606 | 515 | ' | ' |
Accrued compensation and related liabilities | 457 | 514 | ' | ' |
Other current liabilities | 553 | 532 | ' | ' |
Liabilities of discontinued operations - current | 0 | 0 | ' | ' |
Intercompany payable/(receivable) | 9,236 | 7,996 | ' | ' |
Notes payable to issuer | 0 | 0 | ' | ' |
Total current liabilities | 10,852 | 9,557 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Other liabilities | -1,714 | -1,738 | ' | ' |
Liabilities of discontinued operations - long-term | 0 | 0 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | 11,371 | 14,396 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | 20,509 | 22,215 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Inventories | 0 | 0 | ' | ' |
Notes receivable from subsidiaries | -36,938 | -36,938 | ' | ' |
Prepaid and other current assets | 0 | 0 | ' | ' |
Assets of discontinued operations - current | 0 | 0 | ' | ' |
Total current assets | -36,938 | -36,938 | ' | ' |
Investment in subsidiaries | -1,402,189 | -1,308,089 | ' | ' |
Property, plant and equipment, net | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Other intangible assets, net | 0 | 0 | ' | ' |
Other assets, net | 0 | 0 | ' | ' |
Assets of discontinued operations - long-term | 0 | 0 | ' | ' |
Total assets | -1,439,127 | -1,345,027 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Current maturities of long-term debt | 0 | 0 | ' | ' |
Accounts payable | 0 | 0 | ' | ' |
Accrued compensation and related liabilities | 0 | 0 | ' | ' |
Other current liabilities | 0 | 0 | ' | ' |
Liabilities of discontinued operations - current | 0 | 0 | ' | ' |
Intercompany payable/(receivable) | 0 | 0 | ' | ' |
Notes payable to issuer | -36,938 | -36,938 | ' | ' |
Total current liabilities | -36,938 | -36,938 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Other liabilities | 0 | 0 | ' | ' |
Liabilities of discontinued operations - long-term | 0 | 0 | ' | ' |
Statement of Stockholders' Equity (Deficit) [Abstract] | ' | ' | ' | ' |
Shareholders’ (deficit)/equity | -1,402,189 | -1,308,089 | ' | ' |
Total liabilities and shareholders’ (deficit)/equity | ($1,439,127) | ($1,345,027) | ' | ' |
Condensed_Consolidating_Financ4
Condensed Consolidating Financial Information Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | $442,781 | $437,168 | $1,267,935 | $1,300,593 |
Cost of sales | 367,356 | 353,780 | 1,056,392 | 1,063,119 |
Selling, general and administrative expenses | 53,105 | 44,469 | 148,783 | 137,918 |
Amortization of intangible assets | 2,459 | 2,447 | 7,473 | 7,455 |
Restructuring, impairment and other charges | 3,337 | 4,190 | 10,243 | 22,566 |
Operating income/(loss) | 16,524 | 32,282 | 45,044 | 69,535 |
Gain on bargain purchase | -12,435 | 0 | -12,435 | 0 |
Interest expense, net | 27,611 | 28,926 | 85,421 | 85,574 |
Intercompany interest expense/(income) | 0 | 0 | 0 | 0 |
Loss on early extinguishment of debt, net | 1,593 | 25 | 9,440 | 11,439 |
Other expense/(income), net | 595 | 491 | -1,400 | -327 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | -840 | 2,840 | -35,982 | -27,151 |
Income tax (benefit)/expense | -11,331 | -182 | -6,987 | -4,012 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | 10,491 | 3,022 | -28,995 | -23,139 |
Equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations | 10,491 | 3,022 | -28,995 | -23,139 |
Income/(loss) from discontinued operations, net of taxes | 13,492 | 1,453 | 14,950 | -5 |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Currency translation adjustment | -31 | 2,412 | -3,139 | 1,654 |
Comprehensive (loss)/income | 23,952 | 6,887 | -17,184 | -21,490 |
Parent Company [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | 0 | 0 | 0 | 0 |
Cost of sales | 0 | 0 | 0 | 0 |
Selling, general and administrative expenses | 0 | 0 | 0 | 0 |
Amortization of intangible assets | 0 | 0 | 0 | 0 |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Operating income/(loss) | 0 | 0 | 0 | 0 |
Gain on bargain purchase | 0 | ' | 0 | ' |
Interest expense, net | 0 | 0 | 0 | 0 |
Intercompany interest expense/(income) | 0 | 0 | 0 | 0 |
Loss on early extinguishment of debt, net | 0 | 0 | 0 | 0 |
Other expense/(income), net | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Income tax (benefit)/expense | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Equity in income/(loss) of subsidiaries | 23,983 | 4,475 | -14,045 | -23,144 |
Income/(loss) from continuing operations | 23,983 | 4,475 | -14,045 | -23,144 |
Income/(loss) from discontinued operations, net of taxes | 0 | 0 | 0 | 0 |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | -31 | 2,412 | -3,139 | 1,654 |
Currency translation adjustment | 0 | 0 | 0 | 0 |
Comprehensive (loss)/income | 23,952 | 6,887 | -17,184 | -21,490 |
Subsidiary Issuer [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | 187,592 | 165,588 | 516,022 | 507,767 |
Cost of sales | 163,606 | 139,278 | 444,788 | 427,634 |
Selling, general and administrative expenses | 30,172 | 24,236 | 83,814 | 76,760 |
Amortization of intangible assets | 137 | 137 | 411 | 444 |
Restructuring, impairment and other charges | 1,992 | 1,805 | 6,841 | 3,331 |
Operating income/(loss) | -8,315 | 132 | -19,832 | -402 |
Gain on bargain purchase | -12,443 | ' | -12,443 | ' |
Interest expense, net | 27,482 | 28,784 | 85,080 | 85,118 |
Intercompany interest expense/(income) | -281 | -414 | -935 | -1,102 |
Loss on early extinguishment of debt, net | 1,593 | 25 | 9,440 | 11,439 |
Other expense/(income), net | 768 | 375 | 1,646 | -245 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | -25,434 | -28,638 | -102,620 | -95,612 |
Income tax (benefit)/expense | -5,435 | -2,717 | -2,724 | -7,680 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | -19,999 | -25,921 | -99,896 | -87,932 |
Equity in income/(loss) of subsidiaries | 37,380 | 28,990 | 76,670 | 58,186 |
Income/(loss) from continuing operations | 17,381 | 3,069 | -23,226 | -29,746 |
Income/(loss) from discontinued operations, net of taxes | 6,602 | 1,406 | 9,181 | 6,602 |
Net income/(loss) | 23,983 | 4,475 | -14,045 | -23,144 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | -31 | 2,412 | -3,139 | 1,654 |
Currency translation adjustment | 0 | 0 | 0 | 0 |
Comprehensive (loss)/income | 23,952 | 6,887 | -17,184 | -21,490 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | 251,212 | 267,428 | 741,124 | 780,951 |
Cost of sales | 200,099 | 211,062 | 601,643 | 625,104 |
Selling, general and administrative expenses | 22,704 | 20,043 | 64,318 | 60,567 |
Amortization of intangible assets | 2,189 | 2,176 | 6,664 | 6,609 |
Restructuring, impairment and other charges | 1,344 | 2,383 | 3,388 | 19,139 |
Operating income/(loss) | 24,876 | 31,764 | 65,111 | 69,532 |
Gain on bargain purchase | 8 | ' | 8 | ' |
Interest expense, net | 122 | 148 | 341 | 469 |
Intercompany interest expense/(income) | 281 | 391 | 935 | 1,030 |
Loss on early extinguishment of debt, net | 0 | 0 | 0 | 0 |
Other expense/(income), net | -84 | -3 | -2,783 | 23 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | 24,549 | 31,228 | 66,610 | 68,010 |
Income tax (benefit)/expense | -5,932 | 1,768 | -4,324 | 2,940 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | 30,481 | 29,460 | 70,934 | 65,070 |
Equity in income/(loss) of subsidiaries | 9 | -517 | -33 | -277 |
Income/(loss) from continuing operations | 30,490 | 28,943 | 70,901 | 64,793 |
Income/(loss) from discontinued operations, net of taxes | 6,890 | 47 | 5,769 | -6,607 |
Net income/(loss) | 37,380 | 28,990 | 76,670 | 58,186 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | -1,073 | 1,244 | -2,992 | 179 |
Currency translation adjustment | 1,042 | 1,168 | -147 | 1,475 |
Comprehensive (loss)/income | 37,349 | 31,402 | 73,531 | 59,840 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | 3,977 | 4,152 | 10,789 | 11,875 |
Cost of sales | 3,651 | 3,440 | 9,961 | 10,381 |
Selling, general and administrative expenses | 229 | 190 | 651 | 591 |
Amortization of intangible assets | 133 | 134 | 398 | 402 |
Restructuring, impairment and other charges | 1 | 2 | 14 | 96 |
Operating income/(loss) | -37 | 386 | -235 | 405 |
Gain on bargain purchase | 0 | ' | 0 | ' |
Interest expense, net | 7 | -6 | 0 | -13 |
Intercompany interest expense/(income) | 0 | 23 | 0 | 72 |
Loss on early extinguishment of debt, net | 0 | 0 | 0 | 0 |
Other expense/(income), net | -89 | 119 | -263 | -105 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | 45 | 250 | 28 | 451 |
Income tax (benefit)/expense | 36 | 767 | 61 | 728 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | 9 | -517 | -33 | -277 |
Equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations | 9 | -517 | -33 | -277 |
Income/(loss) from discontinued operations, net of taxes | 0 | 0 | 0 | 0 |
Net income/(loss) | 9 | -517 | -33 | -277 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Currency translation adjustment | -1,073 | 1,244 | -2,992 | 179 |
Comprehensive (loss)/income | -1,064 | 727 | -3,025 | -98 |
Eliminations [Member] | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' |
Net sales | 0 | 0 | 0 | 0 |
Cost of sales | 0 | 0 | 0 | 0 |
Selling, general and administrative expenses | 0 | 0 | 0 | 0 |
Amortization of intangible assets | 0 | 0 | 0 | 0 |
Restructuring, impairment and other charges | 0 | 0 | 0 | 0 |
Operating income/(loss) | 0 | 0 | 0 | 0 |
Gain on bargain purchase | 0 | ' | 0 | ' |
Interest expense, net | 0 | 0 | 0 | 0 |
Intercompany interest expense/(income) | 0 | 0 | 0 | 0 |
Loss on early extinguishment of debt, net | 0 | 0 | 0 | 0 |
Other expense/(income), net | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Income tax (benefit)/expense | 0 | 0 | 0 | 0 |
Income/(loss) from continuing operations before equity in income/(loss) of subsidiaries | 0 | 0 | 0 | 0 |
Equity in income/(loss) of subsidiaries | -61,372 | -32,948 | -62,592 | -34,765 |
Income/(loss) from continuing operations | -61,372 | -32,948 | -62,592 | -34,765 |
Income/(loss) from discontinued operations, net of taxes | 0 | 0 | 0 | 0 |
Net income/(loss) | -61,372 | -32,948 | -62,592 | -34,765 |
Other comprehensive income/(loss): | ' | ' | ' | ' |
Other comprehensive income/(loss) of subsidiaries | 1,135 | -6,068 | 9,270 | -3,487 |
Currency translation adjustment | 0 | 0 | 0 | 0 |
Comprehensive (loss)/income | ($60,237) | ($39,016) | ($53,322) | ($38,252) |
Condensed_Consolidating_Financ5
Condensed Consolidating Financial Information Condensed Consolidating Statement of Cash Flows (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | $10,698 | $12,466 |
Net cash provided by operating activities of discontinued operations | 7,055 | 6,212 |
Net cash provided by (used in) operating activities | 17,753 | 18,678 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | -33,166 | -644 |
Capital expenditures | -23,045 | -15,326 |
Purchase of investment | -1,650 | 0 |
Proceeds from insurance claim | 3,036 | 0 |
Proceeds from sale of property, plant and equipment | 7,861 | 2,333 |
Proceeds from sale of intangible asset | 0 | 1,700 |
Intercompany note | ' | 0 |
Net cash (used in)/provided by investing activities of continuing operations | -46,964 | -11,937 |
Net cash provided by investing activities of discontinued operations | 42,714 | 39,610 |
Net cash (used in)/provided by investing activities | -4,250 | 27,673 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | 0 | -169,875 |
Payment of financing related costs and expenses and debt issuance discounts | -15,219 | -32,335 |
Repayments of other long-term debt | -3,323 | -3,499 |
Purchase and retirement of common stock upon vesting of RSUs | -509 | -734 |
Proceeds from issuance of 11.5% senior notes | 0 | 225,000 |
Proceeds from issuance of 7% senior exchangeable notes | 0 | 86,250 |
(Repayment)/borrowings under revolving credit facility, net | -18,000 | 45,550 |
Borrowings under ABL facility, due 2017 | 474,400 | 0 |
Repayments under ABL facility, due 2017 | -392,600 | 0 |
Proceeds from exercise of stock options | 76 | 0 |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 50,000 | 0 |
Repayment of 15% unsecured term loan, due 2017 | -30,000 | 0 |
Proceeds from equipment note | 20,000 | ' |
Intercompany note | ' | 0 |
Intercompany advances | 0 | 0 |
Net cash (used in)/provided by financing activities of continuing operations | -13,028 | -52,531 |
Net cash used in financing activities of discontinued operations | 0 | -1,652 |
Net cash provided by/(used in) financing activities | -13,028 | -54,183 |
Effect of exchange rate changes on cash and cash equivalents | -47 | 414 |
Net increase/(decrease) in cash and cash equivalents | 428 | -7,418 |
Cash and cash equivalents at beginning of period | 8,110 | 17,753 |
Cash and cash equivalents at end of period | 8,538 | 10,335 |
Parent Company [Member] | ' | ' |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | 2,879 | 4,446 |
Net cash provided by operating activities of discontinued operations | 0 | 0 |
Net cash provided by (used in) operating activities | 2,879 | 4,446 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | 0 | 0 |
Capital expenditures | 0 | 0 |
Purchase of investment | 0 | ' |
Proceeds from insurance claim | 0 | ' |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Proceeds from sale of intangible asset | ' | 0 |
Intercompany note | ' | 0 |
Net cash (used in)/provided by investing activities of continuing operations | 0 | 0 |
Net cash provided by investing activities of discontinued operations | 0 | 0 |
Net cash (used in)/provided by investing activities | 0 | 0 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | ' | 0 |
Payment of financing related costs and expenses and debt issuance discounts | 0 | 0 |
Repayments of other long-term debt | 0 | 0 |
Purchase and retirement of common stock upon vesting of RSUs | -509 | -734 |
Proceeds from issuance of 11.5% senior notes | ' | 0 |
Proceeds from issuance of 7% senior exchangeable notes | ' | 0 |
(Repayment)/borrowings under revolving credit facility, net | 0 | 0 |
Borrowings under ABL facility, due 2017 | 0 | ' |
Repayments under ABL facility, due 2017 | 0 | ' |
Proceeds from exercise of stock options | 76 | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 0 | ' |
Repayment of 15% unsecured term loan, due 2017 | 0 | ' |
Proceeds from equipment note | 0 | ' |
Intercompany note | ' | 0 |
Intercompany advances | -2,446 | -3,712 |
Net cash (used in)/provided by financing activities of continuing operations | ' | -4,446 |
Net cash used in financing activities of discontinued operations | ' | 0 |
Net cash provided by/(used in) financing activities | -2,879 | -4,446 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
Net increase/(decrease) in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents at beginning of period | 0 | 0 |
Cash and cash equivalents at end of period | 0 | 0 |
Subsidiary Issuer [Member] | ' | ' |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | -116,022 | -95,188 |
Net cash provided by operating activities of discontinued operations | 6,503 | 5,780 |
Net cash provided by (used in) operating activities | -109,519 | -89,408 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | -33,166 | -644 |
Capital expenditures | -9,883 | -7,656 |
Purchase of investment | -1,650 | ' |
Proceeds from insurance claim | 0 | ' |
Proceeds from sale of property, plant and equipment | 250 | 32 |
Proceeds from sale of intangible asset | ' | 1,700 |
Intercompany note | ' | 3,900 |
Net cash (used in)/provided by investing activities of continuing operations | -44,449 | -2,668 |
Net cash provided by investing activities of discontinued operations | 20,715 | 16,251 |
Net cash (used in)/provided by investing activities | -23,734 | 13,583 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | ' | -169,875 |
Payment of financing related costs and expenses and debt issuance discounts | -15,219 | -32,335 |
Repayments of other long-term debt | 0 | -300 |
Purchase and retirement of common stock upon vesting of RSUs | 0 | 0 |
Proceeds from issuance of 11.5% senior notes | ' | 225,000 |
Proceeds from issuance of 7% senior exchangeable notes | ' | 86,250 |
(Repayment)/borrowings under revolving credit facility, net | -18,000 | 45,550 |
Borrowings under ABL facility, due 2017 | 474,400 | ' |
Repayments under ABL facility, due 2017 | -392,600 | ' |
Proceeds from exercise of stock options | 0 | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 50,000 | ' |
Repayment of 15% unsecured term loan, due 2017 | -30,000 | ' |
Proceeds from equipment note | 20,000 | ' |
Intercompany note | ' | 0 |
Intercompany advances | 143,668 | 117,920 |
Net cash (used in)/provided by financing activities of continuing operations | ' | 69,322 |
Net cash used in financing activities of discontinued operations | ' | -1,652 |
Net cash provided by/(used in) financing activities | 134,396 | 67,670 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
Net increase/(decrease) in cash and cash equivalents | 1,143 | -8,155 |
Cash and cash equivalents at beginning of period | 5,763 | 16,033 |
Cash and cash equivalents at end of period | 6,906 | 7,878 |
Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | 125,347 | 100,680 |
Net cash provided by operating activities of discontinued operations | 552 | 432 |
Net cash provided by (used in) operating activities | 125,899 | 101,112 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | 0 | 0 |
Capital expenditures | -13,021 | -7,553 |
Purchase of investment | 0 | ' |
Proceeds from insurance claim | 3,036 | ' |
Proceeds from sale of property, plant and equipment | 7,611 | 2,301 |
Proceeds from sale of intangible asset | ' | 0 |
Intercompany note | ' | 0 |
Net cash (used in)/provided by investing activities of continuing operations | -2,374 | -5,252 |
Net cash provided by investing activities of discontinued operations | 21,999 | 23,359 |
Net cash (used in)/provided by investing activities | 19,625 | 18,107 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | ' | 0 |
Payment of financing related costs and expenses and debt issuance discounts | 0 | 0 |
Repayments of other long-term debt | -3,323 | -3,199 |
Purchase and retirement of common stock upon vesting of RSUs | 0 | 0 |
Proceeds from issuance of 11.5% senior notes | ' | 0 |
Proceeds from issuance of 7% senior exchangeable notes | ' | 0 |
(Repayment)/borrowings under revolving credit facility, net | 0 | 0 |
Borrowings under ABL facility, due 2017 | 0 | ' |
Repayments under ABL facility, due 2017 | 0 | ' |
Proceeds from exercise of stock options | 0 | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 0 | ' |
Repayment of 15% unsecured term loan, due 2017 | 0 | ' |
Proceeds from equipment note | 0 | ' |
Intercompany note | ' | 0 |
Intercompany advances | -142,462 | -116,198 |
Net cash (used in)/provided by financing activities of continuing operations | ' | -119,397 |
Net cash used in financing activities of discontinued operations | ' | 0 |
Net cash provided by/(used in) financing activities | -145,785 | -119,397 |
Effect of exchange rate changes on cash and cash equivalents | 34 | 401 |
Net increase/(decrease) in cash and cash equivalents | -227 | 223 |
Cash and cash equivalents at beginning of period | 286 | 280 |
Cash and cash equivalents at end of period | 59 | 503 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | -1,506 | 2,528 |
Net cash provided by operating activities of discontinued operations | 0 | 0 |
Net cash provided by (used in) operating activities | -1,506 | 2,528 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | 0 | 0 |
Capital expenditures | -141 | -117 |
Purchase of investment | 0 | ' |
Proceeds from insurance claim | 0 | ' |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Proceeds from sale of intangible asset | ' | 0 |
Intercompany note | ' | 0 |
Net cash (used in)/provided by investing activities of continuing operations | -141 | -117 |
Net cash provided by investing activities of discontinued operations | 0 | 0 |
Net cash (used in)/provided by investing activities | -141 | -117 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | ' | 0 |
Payment of financing related costs and expenses and debt issuance discounts | 0 | 0 |
Repayments of other long-term debt | 0 | 0 |
Purchase and retirement of common stock upon vesting of RSUs | 0 | 0 |
Proceeds from issuance of 11.5% senior notes | ' | 0 |
Proceeds from issuance of 7% senior exchangeable notes | ' | 0 |
(Repayment)/borrowings under revolving credit facility, net | 0 | 0 |
Borrowings under ABL facility, due 2017 | 0 | ' |
Repayments under ABL facility, due 2017 | 0 | ' |
Proceeds from exercise of stock options | 0 | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 0 | ' |
Repayment of 15% unsecured term loan, due 2017 | 0 | ' |
Proceeds from equipment note | 0 | ' |
Intercompany note | ' | -3,900 |
Intercompany advances | 1,240 | 1,990 |
Net cash (used in)/provided by financing activities of continuing operations | ' | -1,910 |
Net cash used in financing activities of discontinued operations | ' | 0 |
Net cash provided by/(used in) financing activities | 1,240 | -1,910 |
Effect of exchange rate changes on cash and cash equivalents | -81 | 13 |
Net increase/(decrease) in cash and cash equivalents | -488 | 514 |
Cash and cash equivalents at beginning of period | 2,061 | 1,440 |
Cash and cash equivalents at end of period | 1,573 | 1,954 |
Eliminations [Member] | ' | ' |
Cash flows from operating activities: [Abstract] | ' | ' |
Net cash provided by (used in) operating activities of continuing operations | 0 | 0 |
Net cash provided by operating activities of discontinued operations | 0 | 0 |
Net cash provided by (used in) operating activities | 0 | 0 |
Cash flows from investing activities: | ' | ' |
Cost of business acquisitions, net of cash acquired | 0 | 0 |
Capital expenditures | 0 | 0 |
Purchase of investment | 0 | ' |
Proceeds from insurance claim | 0 | ' |
Proceeds from sale of property, plant and equipment | 0 | 0 |
Proceeds from sale of intangible asset | ' | 0 |
Intercompany note | ' | -3,900 |
Net cash (used in)/provided by investing activities of continuing operations | 0 | -3,900 |
Net cash provided by investing activities of discontinued operations | 0 | 0 |
Net cash (used in)/provided by investing activities | 0 | -3,900 |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayment of 10.5% senior notes | ' | 0 |
Payment of financing related costs and expenses and debt issuance discounts | 0 | 0 |
Repayments of other long-term debt | 0 | 0 |
Purchase and retirement of common stock upon vesting of RSUs | 0 | 0 |
Proceeds from issuance of 11.5% senior notes | ' | 0 |
Proceeds from issuance of 7% senior exchangeable notes | ' | 0 |
(Repayment)/borrowings under revolving credit facility, net | 0 | 0 |
Borrowings under ABL facility, due 2017 | 0 | ' |
Repayments under ABL facility, due 2017 | 0 | ' |
Proceeds from exercise of stock options | 0 | ' |
Proceeds from issuance of 15% unsecured term loan, due 2017 | 0 | ' |
Repayment of 15% unsecured term loan, due 2017 | 0 | ' |
Proceeds from equipment note | 0 | ' |
Intercompany note | ' | 3,900 |
Intercompany advances | 0 | 0 |
Net cash (used in)/provided by financing activities of continuing operations | ' | 3,900 |
Net cash used in financing activities of discontinued operations | ' | 0 |
Net cash provided by/(used in) financing activities | 0 | 3,900 |
Effect of exchange rate changes on cash and cash equivalents | 0 | 0 |
Net increase/(decrease) in cash and cash equivalents | 0 | 0 |
Cash and cash equivalents at beginning of period | 0 | 0 |
Cash and cash equivalents at end of period | 0 | 0 |
7.875% senior subordinated notes [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | -67,848 | -196,088 |
7.875% senior subordinated notes [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | 0 |
7.875% senior subordinated notes [Member] | Subsidiary Issuer [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | -67,848 | -196,088 |
7.875% senior subordinated notes [Member] | Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | 0 |
7.875% senior subordinated notes [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | 0 |
7.875% senior subordinated notes [Member] | Eliminations [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | 0 |
Term Loan B, due 2016 [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 17,987 |
Repayment of Term Loan | -390,005 | ' |
Term Loan B, due 2016 [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 0 |
Repayment of Term Loan | 0 | ' |
Term Loan B, due 2016 [Member] | Subsidiary Issuer [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 17,987 |
Repayment of Term Loan | -390,005 | ' |
Term Loan B, due 2016 [Member] | Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 0 |
Repayment of Term Loan | 0 | ' |
Term Loan B, due 2016 [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 0 |
Repayment of Term Loan | 0 | ' |
Term Loan B, due 2016 [Member] | Eliminations [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | ' | 0 |
Repayment of Term Loan | 0 | ' |
8.375% senior subordinated notes [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | 0 | -24,787 |
8.375% senior subordinated notes [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | ' | 0 |
8.375% senior subordinated notes [Member] | Subsidiary Issuer [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | ' | -24,787 |
8.375% senior subordinated notes [Member] | Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | ' | 0 |
8.375% senior subordinated notes [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | ' | 0 |
8.375% senior subordinated notes [Member] | Eliminations [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Repayments of senior subordinated notes | ' | 0 |
Term loan facility, due 2017 [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 360,000 | 0 |
Term loan facility, due 2017 [Member] | Parent Company [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 0 | ' |
Term loan facility, due 2017 [Member] | Subsidiary Issuer [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 360,000 | ' |
Term loan facility, due 2017 [Member] | Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 0 | ' |
Term loan facility, due 2017 [Member] | Non-Guarantor Subsidiaries [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | 0 | ' |
Term loan facility, due 2017 [Member] | Eliminations [Member] | ' | ' |
Cash flows from financing activities: [Abstract] | ' | ' |
Proceeds from issuance of Term Loan Facility | $0 | ' |
Other_Current_Liabilities_Deta
Other Current Liabilities (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Other Liabilities, Current [Abstract] | ' | ' |
Other current liabilities | $76,467 | $77,367 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Income (Loss) from Continuing Operations before Income Taxes [Abstract] | ' | ' | ' | ' |
Income/(loss) from continuing operations before income taxes and equity in income/(loss) of subsidiaries | ($840) | $2,840 | ($35,982) | ($27,151) |
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract] | ' | ' | ' | ' |
Deferred Income Tax Expense (Benefit) | ' | ' | -8,960 | -6,211 |
Income tax expense (benefit) | -11,331 | -182 | -6,987 | -4,012 |
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation [Abstract] | ' | ' | ' | ' |
Income tax expense (benefit) | ($11,331) | ($182) | ($6,987) | ($4,012) |
Income_Taxes_Operating_Loss_Ca
Income Taxes Operating Loss Carryforwards (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 |
Operating Loss Carryforwards [Line Items] | ' | ' | ' | ' |
Income tax benefit | ($11,331) | ($182) | ($6,987) | ($4,012) |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Loss (Details) (USD $) | Sep. 28, 2013 | Dec. 29, 2012 |
In Thousands, unless otherwise specified | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Total accumulated other comprehensive loss | ($70,340) | ($67,201) |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Loss (Parentheticals) (Details) (USD $) | 9 Months Ended | |
Sep. 28, 2013 | Sep. 29, 2012 | |
Pension liability adjustments, tax benefit | ' | ' |
Selected_Quarterly_Financial_I
Selected Quarterly Financial Information (Unaudited) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 28, 2013 | Sep. 29, 2012 | Sep. 28, 2013 | Sep. 29, 2012 | |
Valuation Allowance [Line Items] | ' | ' | ' | ' |
Net sales | $442,781,000 | $437,168,000 | $1,267,935,000 | $1,300,593,000 |
Operating income | 16,524,000 | 32,282,000 | 45,044,000 | 69,535,000 |
Income/(loss) from continuing operations | 10,491,000 | 3,022,000 | -28,995,000 | -23,139,000 |
Income/(loss) from discontinued operations, net of taxes | 13,492,000 | 1,453,000 | 14,950,000 | -5,000 |
Net income/(loss) | 23,983,000 | 4,475,000 | -14,045,000 | -23,144,000 |
Income (Loss) from Continuing Operations, Per Basic Share | $0.16 | $0.05 | ($0.45) | ($0.36) |
Discontinued operations per share - basic | $0.21 | $0.02 | $0.23 | $0 |
Net income (loss) per share - basic | $0.37 | $0.07 | ($0.22) | ($0.36) |
Income (Loss) from Continuing Operations, Per Diluted Share | $0.13 | $0.04 | ($0.45) | ($0.36) |
Discontinued operations per share - diluted | $0.16 | $0.02 | $0.23 | $0 |
Net income (loss) per share - diluted | $0.29 | $0.06 | ($0.22) | ($0.36) |
Selected Quarterly Financial Information [Abstract] | ' | ' | ' | ' |
Gain/(loss) on sale of discontinued operations, net of tax | 12,530,000 | -92,000 | 12,530,000 | -5,411,000 |
Tax effect on income (loss) from discontinued operations | ($10,700,000) | ($100,000) | ($10,700,000) | ($3,400,000) |