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)
9 Months Ended
Mar. 31, 2013
Condensed Consolidating Balance Sheet [Table Text Block]
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Assets
                                   
Current assets:
                                   
Cash and cash equivalents
  $ -     $ 67,474     $ 13,001     $ 3,170     $ -     $ 83,645  
Marketable securities
    -       18,176       -       -       -       18,176  
Accounts receivable, net
    -       11,112       231       1       -       11,344  
Inventories
    -       -       166,520       5,336       (29,815 )     142,041  
Prepaid expenses and other current assets
    -       8,062       12,744       1,774       -       22,580  
Intercompany receivables
    -       844,039       295,163       (8,372 )     (1,130,830 )     -  
Total current assets
    -       948,863       487,659       1,909       (1,160,645 )     277,786  
Property, plant and equipment, net
    -       9,656       267,586       16,838       -       294,080  
Goodwill and other intangible assets
    -       37,905       7,223       -       -       45,128  
Restricted cash and investments
    -       15,430       -       -       -       15,430  
Other assets
    -       3,507       1,558       817       -       5,882  
Investment in affiliated companies
    678,728       (112,156 )     -       -       (566,572 )     -  
Total assets
  $ 678,728     $ 903,205     $ 764,026     $ 19,564     $ (1,727,217 )   $ 638,306  
Liabilities and Shareholders’ Equity
                                               
Current liabilities:
                                               
Current maturities of long-term debt
  $ -     $ -     $ 469     $ -     $ -     $ 469  
Customer deposits
    -       -       56,957       2,575       -       59,532  
Accounts payable
    -       9,879       15,012       525       -       25,416  
Accrued expenses and other current liabilities
    2,747       31,751       14,471       1,270       -       50,239  
Intercompany payables
    346,831       (2,723 )     770,576       16,146       (1,130,830 )     -  
Total current liabilities
    349,578       38,907       857,485       20,516       (1,130,830 )     135,656  
Long-term debt
    -       153,078       1,758       -       -       154,836  
Other long-term liabilities
    -       3,926       14,524       214       -       18,664  
Total liabilities
    349,578       195,911       873,767       20,730       (1,130,830 )     309,156  
Shareholders’ equity
    329,150       707,294       (109,741 )     (1,166 )     (596,387 )     329,150  
Total liabilities and shareholders’ equity
  $ 678,728     $ 903,205     $ 764,026     $ 19,564     $ (1,727,217 )   $ 638,306  
   
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  
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
  $ -     $ 108,595     $ 188,589     $ 9,311     $ (138,351 )   $ 168,144  
Cost of sales
    -       81,631       124,977       5,959       (136,208 )     76,359  
Gross profit
    -       26,964       63,612       3,352       (2,143 )     91,785  
Total operating expenses
    45       12,817       65,310       4,953       -       83,125  
Operating income (loss)
    (45 )     14,147       (1,698 )     (1,601 )     (2,143 )     8,660  
Interest and other miscellaneous income, net
    4,419       (2,404 )     5       (131 )     (1,899 )     (10 )
Interest and other related financing costs
    -       2,180       15       -       -       2,195  
Income (loss) before income taxes
    4,374       9,563       (1,708 )     (1,732 )     (4,042 )     6,455  
Income tax expense (benefit)
    -       3,001       (943 )     23       -       2,081  
Net income/(loss)
  $ 4,374     $ 6,562     $ (765 )   $ (1,755 )   $ (4,042 )   $ 4,374  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net sales
  $ -     $ 121,425     $ 191,275     $ 7,971     $ (144,810 )   $ 175,861  
Cost of sales
    -       89,850       127,738       4,704       (140,706 )     81,586  
Gross profit
    -       31,575       63,537       3,267       (4,104 )     94,275  
Total operating expenses
    45       11,969       70,764       3,710       -       86,488  
Operating income (loss)
    (45 )     19,606       (7,227 )     (443 )     (4,104 )     7,787  
Interest and other miscellaneous income, net
    27,593       (6,598 )     66       (36 )     (20,868 )     157  
Interest and other related financing costs
    -       2,180       9       -       -       2,189  
Income (loss) before income taxes
    27,548       10,828       (7,170 )     (479 )     (24,972 )     5,755  
Income tax expense (benefit)
    -       (20,869 )     (947 )     23       -       (21,793 )
Net income/(loss)
  $ 27,548     $ 31,697     $ (6,223 )   $ (502 )   $ (24,972 )   $ 27,548  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net sales
  $ -     $ 327,987     $ 594,200     $ 29,040     $ (404,395 )   $ 546,832  
Cost of sales
    -       247,433       387,459       17,894       (405,959 )     246,827  
Gross profit
    -       80,554       206,741       11,146       1,564       300,005  
Total operating expenses
    135       35,171       207,116       13,612       -       256,034  
Operating income (loss)
    (135 )     45,383       (375 )     (2,466 )     1,564       43,971  
Interest and other miscellaneous income, net
    24,419       (2,923 )     30       (206 )     (21,128 )     192  
Interest and other related financing costs
    -       6,546       46       -       -       6,592  
Income (loss) before income taxes
    24,284       35,914       (391 )     (2,672 )     (19,564 )     37,571  
Income tax expense
    -       13,059       159       69       -       13,287  
Net income/(loss)
  $ 24,284     $ 22,855     $ (550 )   $ (2,741 )   $ (19,564 )   $ 24,284  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net sales
  $ -     $ 343,988     $ 582,651     $ 25,399     $ (407,981 )   $ 544,057  
Cost of sales
    -       256,237       387,435       14,340       (404,334 )     253,678  
Gross profit
    -       87,751       195,216       11,059       (3,647 )     290,379  
Total operating expenses
    135       34,427       209,908       10,546       -       255,016  
Operating income (loss)
    (135 )     53,324       (14,692 )     513       (3,647 )     35,363  
Interest and other miscellaneous income, net
    42,530       (13,108 )     211       (30 )     (29,241 )     362  
Interest and other related financing costs
    -       6,805       9       -       -       6,814  
Income (loss) before income taxes
    42,395       33,411       (14,490 )     483       (32,888 )     28,911  
Income tax expense (benefit)
    -       (12,766 )     (777 )     59       -       (13,484 )
Net income/(loss)
  $ 42,395     $ 46,177     $ (13,713 )   $ 424     $ (32,888 )   $ 42,395  
Condensed Consolidating Statement Of Cash Flows [Table Text Block]
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net cash provided by (used in) operating activities
  $ 18,360     $ 12,214     $ 10,950     $ 2,921     $ -     $ 44,445  
Cash flows from investing activities:
                                               
Capital expenditures
    -       (1,115 )     (13,165 )     (2,265 )     -       (16,545 )
Acquisitions
    -       -       (598 )     -       -       (598 )
Proceeds from the disposal of property, plant and equipment
    -       51       3,175       -       -       3,226  
Change in restricted cash and investments
    -       (14 )     -       -       -       (14 )
Purchases of marketable securities
    -       (17,547 )     -       -       -       (17,547 )
Sales of marketable securities
    -       7,990       -       -       -       7,990  
Other
    -       783       550       -       -       1,333  
Net cash provided by (used in) investing activities
    -       (9,852 )     (10,038 )     (2,265 )     -       (22,155 )
Cash flows from financing activities:
                                               
Payments on long-term debt
    -       -       (187 )     -       -       (187 )
Dividends paid
    (19,617 )     -       -       -       -       (19,617 )
Other
    1,257       166       -       -       -       1,423  
Net cash provided by (used in) financing activities
    (18,360 )     166       (187 )     -       -       (18,381 )
Effect of exchange rate changes on cash
    -       -       -       15       -       15  
Net increase (decrease) in cash and cash equivalents
    -       2,528       725       671       -       3,924  
Cash and cash equivalents – beginning of period
    -       64,946       12,276       2,499       -       79,721  
Cash and cash equivalents – end of period
  $ -     $ 67,474     $ 13,001     $ 3,170     $ -     $ 83,645  
   
Parent
   
Issuer
   
Guarantors
   
Non-Guarantors
   
Eliminations
   
Consolidated
 
Net cash provided by (used in) operating activities
  $ 6,668     $ 2,161     $ 16,667     $ 2,337     $ -     $ 27,833  
Cash flows from investing activities:
                                               
Capital expenditures
    -       (1,592 )     (16,833 )     (1,411 )     -       (19,836 )
Acquisitions
    -       -       (520 )     -       -       (520 )
Proceeds from the disposal of property, plant and equipment
    -       -       1,792       -       -       1,792  
Change in restricted cash and investments
    -       981       -       -       -       981  
Purchases of marketable securities
    -       (3,290 )     -       -       -       (3,290 )
Sales of marketable securities
    -       4,675       -       -       -       4,675  
Other
    -       262       511       -       -       773  
Net cash provided by (used in) investing activities
    -       1,036       (15,050 )     (1,411 )     -       (15,425 )
Cash flows from financing activities:
                                               
Payments on long-term debt
    -       (11,918 )     (227 )     -       -       (12,145 )
Dividends paid
    (6,046 )     -       -       -       -       (6,046 )
Purchases and other retirements of company stock
    (847 )     -       -       -       -       (847 )
Other
    225       -       275       -       -       500  
Net cash provided by (used in) financing activities
    (6,668 )     (11,918 )     48       -       -       (18,538 )
Effect of exchange rate changes on cash
    -       -       -       741       -       741  
Net increase (decrease) in cash and cash equivalents
    -       (8,721 )     1,665       1,667       -       (5,389 )
Cash and cash equivalents – beginning of period
    -       69,763       7,716       1,040       -       78,519  
Cash and cash equivalents – end of period
  $ -     $ 61,042     $ 9,381     $ 2,707     $ -     $ 73,130