Quarterly report pursuant to Section 13 or 15(d)

Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)

v2.4.0.6
Note 15 - Financial Information About the Parent, the Issuer and the Guarantors (Tables)
3 Months Ended
Sep. 30, 2012
Condensed Consolidating Balance Sheet [Table Text Block]
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Assets
                                   
Current assets:
                                   
Cash and cash equivalents
  $ -     $ 57,379     $ 13,497     $ 3,037     $ -     $ 73,913  
Marketable securities
    -       10,670       -       -       -       10,670  
Accounts receivable, net
    -       14,470       174       -       -       14,644  
Inventories
    -       -       183,695       4,995       (30,739 )     157,951  
Prepaid expenses and other current assets
    -       6,961       14,723       2,107       -       23,791  
Intercompany receivables
    -       849,792       280,215       (8,600 )     (1,121,407 )     -  
Total current assets
    -       939,272       492,304       1,539       (1,152,146 )     280,969  
Property, plant and equipment, net
    -       9,415       273,009       14,898       -       297,322  
Goodwill and other intangible assets
    -       37,905       7,223       -       -       45,128  
Restricted cash and investments
    -       15,422       -       -       -       15,422  
Other assets
    -       5,071       802       -       -       5,873  
Investment in affiliated companies
    663,269       (109,588 )     -       -       (553,681 )     -  
Total assets
  $ 663,269     $ 897,497     $ 773,338     $ 16,437     $ (1,705,827 )   $ 644,714  
Liabilities and Shareholders’ Equity
                                               
Current liabilities:
                                               
Current maturities of long-term debt
  $ -     $ -     $ 253     $ -     $ -     $ 253  
Customer deposits
    -       -       57,909       3,015       -       60,924  
Accounts payable
    -       6,334       14,189       308       -       20,831  
Accrued expenses and other current liabilities
    2,722       41,259       16,221       1,126       -       61,328  
Intercompany payables
    330,881       327       779,301       10,898       (1,121,407 )     -  
Total current liabilities
    333,603       47,920       867,873       15,347       (1,121,407 )     143,336  
Long-term debt
    -       153,016       1,200       -       -       154,216  
Other long-term liabilities
    -       3,621       13,800       75       -       17,496  
Total liabilities
    333,603       204,557       882,873       15,422       (1,121,407 )     315,048  
Shareholders’ equity
    329,666       692,940       (109,535 )     1,015       (584,420 )     329,666  
Total liabilities and shareholders’ equity
  $ 663,269     $ 897,497     $ 773,338     $ 16,437     $ (1,705,827 )   $ 644,714  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Assets
                                   
Current assets:
                                   
Cash and cash equivalents
  $ -     $ 64,946     $ 12,276     $ 2,499     $ -       79,721  
Marketable securities
    -       9,005       -       -       -       9,005  
Accounts receivable, net
    -       14,648       263       8       -       14,919  
Inventories
    -       -       182,382       4,736       (31,379 )     155,739  
Prepaid expenses and other current assets
    -       6,191       14,689       2,528       -       23,408  
Intercompany receivables
    -       829,913       273,536       (8,515 )     (1,094,934 )     -  
Total current assets
    -       924,703       483,146       1,256       (1,126,313 )     282,792  
Property, plant and equipment, net
    -       9,078       272,228       14,389       -       295,695  
Goodwill and other intangible assets
    -       37,905       7,223       -       -       45,128  
Restricted cash and investments
    -       15,416       -       -       -       15,416  
Other assets
    -       4,948       809       -       -       5,757  
Investment in affiliated companies
    652,868       (108,864 )     -       -       (544,004 )     -  
Total assets
  $ 652,868     $ 883,186     $ 763,406     $ 15,645     $ (1,670,317 )   $ 644,788  
Liabilities and Shareholders’ Equity
                                               
Current liabilities:
                                               
Current maturities of long-term debt
  $ -     $ -     $ 250     $ -     $ -     $ 250  
Customer deposits
    -       -       62,479       2,986       -       65,465  
Accounts payable
    -       7,126       19,695       494       -       27,315  
Accrued expenses and other current liabilities
    2,713       35,752       18,537       1,045       -       58,047  
Intercompany payables
    328,287       327       756,513       9,807       (1,094,934 )     -  
Total current liabilities
    331,000       43,205       857,474       14,332       (1,094,934 )     151,077  
Long-term debt
    -       152,986       1,264       -       -       154,250  
Other long-term liabilities
    -       3,641       13,874       78       -       17,593  
Deferred income taxes
    -       -       -       -       -       -  
Total liabilities
    331,000       199,832       872,612       14,410       (1,094,934 )     322,920  
Shareholders’ equity
    321,868       683,354       (109,206 )     1,235       (575,383 )     321,868  
Total liabilities and shareholders’ equity
  $ 652,868     $ 883,186     $ 763,406     $ 15,645     $ (1,670,317 )   $ 644,788  
Condensed Consolidating Statement of Operations [Table Text Block]
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net sales
  $ -     $ 111,624     $ 203,950     $ 9,580     $ (137,717 )   $ 187,437  
Cost of sales
    -       83,805       131,929       5,807       (138,357 )     83,184  
Gross profit
    -       27,819       72,021       3,773       640       104,253  
Selling, general and administrative expenses
    45       10,242       71,906       4,090       -       86,283  
Restructuring and impairment charge, (credit) net
    -       -       16       -       -       16  
Total operating expenses
    45       10,242       71,922       4,090       -       86,299  
Operating income (loss)
    (45 )     17,577       99       (317 )     640       17,954  
Interest and other miscellaneous income, net
    10,109       (602 )     (6 )     (41 )     (9,386 )     74  
Interest and other related financing costs
    -       2,183       16       -       -       2,199  
Income before income tax expense
    10,064       14,792       77       (358 )     (8,746 )     15,829  
Income tax expense
    -       5,323       419       23       -       5,765  
Net income/(loss)
  $ 10,064     $ 9,469     $ (342 )   $ (381 )   $ (8,746 )   $ 10,064  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net sales
  $ -     $ 116,476     $ 194,820     $ 8,895     $ (135,270 )   $ 184,921  
Cost of sales
    -       87,524       129,183       5,133       (134,804 )     87,036  
Gross profit
    -       28,952       65,637       3,762       (466 )     97,885  
Selling, general and administrative expenses
    45       11,759       69,038       3,445       -       84,287  
Restructuring and impairment charge, (credit) net
    -       -       (40 )     -       -       (40 )
Total operating expenses
    45       11,759       68,998       3,445       -       84,247  
Operating income (loss)
    (45 )     17,193       (3,361 )     317       (466 )     13,638  
Interest and other miscellaneous income, net
    6,815       (3,059 )     56       -       (3,752 )     60  
Interest and other related financing costs
    -       2,351       -       -       -       2,351  
Income before income tax expense
    6,770       11,783       (3,305 )     317       (4,218 )     11,347  
Income tax expense
    -       4,502       46       29       -       4,577  
Net income/(loss)
  $ 6,770     $ 7,281     $ (3,351 )   $ 288     $ (4,218 )   $ 6,770  
Condensed Consolidating Statement Of Cash Flows [Table Text Block]
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net cash provided by (used in) operating activities
  $ 2,547     $ (5,061 )   $ 8,333     $ 870     $ -     $ 6,689  
Cash flows from investing activities:
                                               
Capital expenditures
    -       (768 )     (7,163 )     (387 )     -       (8,318 )
Acquisitions
    -       -       (598 )     -       -       (598 )
Proceeds from the disposal of property, plant and equipment
    -       -       711       -       -       711  
Change in restricted cash and investments
    -       (6 )     -       -       -       (6 )
Purchase of marketable securities
    -       (4,677 )     -       -       -       (4,677 )
Proceeds from the sale of marketable securities
    -       2,885       -       -       -       2,885  
Other
    -       60       -       -       -       60  
Net cash provided by (used in) investing activities
    -       (2,506 )     (7,050 )     (387 )     -       (9,943 )
Cash flows from financing activities:
                                               
Payments on long-term debt
    -       -       (62 )     -       -       (62 )
Proceeds from issuance of common stock
    47       -       -       -       -       47  
Dividends paid
    (2,594 )     -       -       -       -       (2,594 )
Net cash provided by (used in) financing activities
    (2,547 )     -       (62 )     -       -       (2,609 )
Effect of exchange rate changes on cash
    -       -       -       55       -       55  
Net decrease in cash and cash equivalents
    -       (7,567 )     1,221       538       -       (5,808 )
Cash and cash equivalents – beginning of period
    -       64,946       12,276       2,499       -       79,721  
Cash and cash equivalents – end of period
  $ -     $ 57,379     $ 13,497     $ 3,037     $ -     $ 73,913  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net cash provided by operating activities
  $ 2,864     $ 2,304     $ (546 )   $ 1,630     $ -     $ 6,252  
Cash flows from investing activities:
                                               
Capital expenditures
    -       (240 )     (2,328 )     (807 )     -       (3,375 )
Proceeds from the disposal of property, plant and equipment
    -       -       70       -       -       70  
Change in restricted cash and investments
    -       996       -       -       -       996  
Purchase of marketable securities
    -       (261 )     -       -       -       (261 )
Proceeds from the sale of marketable securities
    -       1,965       -       -       -       1,965  
Other
    -       252       -       -       -       252  
Net cash used in investing activities
    -       2,712       (2,258 )     (807 )     -       (353 )
Cash flows from financing activities:
                                               
Payments on long-term debt
    -       (1,980 )     (210 )     -       -       (2,190 )
Purchases and other retirements of company stock
    (847 )     -       -       -       -       (847 )
Dividends paid
    (2,017 )     -       -       -       -       (2,017 )
Net cash used in financing activities
    (2,864 )     (1,980 )     (210 )     -       -       (5,054 )
Effect of exchange rate changes on cash
    -       -       -       12       -       12  
Net increase (decrease) in cash and cash equivalents
    -       3,036       (3,014 )     835       -       857  
Cash and cash equivalents – beginning of period
    -       69,763       7,716       1,040       -       78,519  
Cash and cash equivalents – end of period
  $ -     $ 72,799     $ 4,702     $ 1,875     $ -     $ 79,376