10-Q Filing

AVINTIV SPECIALTY MATERIALS INC. CIK: 927417 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000927417-14-000015`
Period End Date	20140331
Filing Date	20140507
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	pymr-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 40 Cash Flow Statement 60 Stockholders Equity 16

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$175.13K	USD	Point-in-time
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$192.93K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$194.83M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$213.30M	USD	Point-in-time
Inventories, net	`InventoryNet`	$156.37M	USD	Point-in-time
Inventories, net	`InventoryNet`	$152.28M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.02M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.32M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$76.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$59.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$504.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$498.67M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $192,933 and $175,130, respectively	`PropertyPlantAndEquipmentNet`	$611.02M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $192,933 and $175,130, respectively	`PropertyPlantAndEquipmentNet`	$623.28M	USD	Point-in-time
Goodwill	`Goodwill`	$120.14M	USD	Point-in-time
Goodwill	`Goodwill`	$120.31M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$168.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.58M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$26.05M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$26.94M	USD	Point-in-time
Total assets	`Assets`	$1.43B	USD	Point-in-time
Total assets	`Assets`	$1.44B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$8.15M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.47M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$302.09M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$307.66M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.61M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.57M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$1.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$13.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$329.07M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$327.34M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$880.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$878.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.63M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$59.81M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$61.84M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.29B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock 1,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock 1,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$296.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$294.14M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-150.24M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-140.45M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.42M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.11M	USD	Point-in-time
Total Polymer Group, Inc. shareholders' equity	`StockholdersEquity`	$145.59M	USD	Point-in-time
Total Polymer Group, Inc. shareholders' equity	`StockholdersEquity`	$139.75M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$853.00K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$843.00K	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.43M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.43B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.44B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$422.58M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$287.08M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$241.22M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$347.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$74.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.02M	USD	1 Quarter
Special charges, net	`SpecialChargesNet`	$-1.80M	USD	1 Quarter
Special charges, net	`SpecialChargesNet`	$-8.71M	USD	1 Quarter
Other operating, net	`OtherCostAndExpenseOperating`	$-340.00K	USD	1 Quarter
Other operating, net	`OtherCostAndExpenseOperating`	$-1.07M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$8.84M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$9.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$17.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.08M	USD	1 Quarter
Foreign currency and other, net	`OtherNonoperatingIncomeExpense`	$4.96M	USD	1 Quarter
Foreign currency and other, net	`OtherNonoperatingIncomeExpense`	$-1.42M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.11M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.12M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$5.70M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-6.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-9.81M	USD	1 Quarter
Less: Earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-16.00K	USD	1 Quarter
Less: Earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Polymer Group, Inc.	`NetIncomeLoss`	$-9.79M	USD	1 Quarter
Net income (loss) attributable to Polymer Group, Inc.	`NetIncomeLoss`	$-6.23M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.71M	USD	1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-96.00K	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-3.68M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.71M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-8.10M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.90M	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$10.00K	USD	1 Quarter
Comprehensive (Income) Loss, Net of Tax, Attributable to Noncontrolling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income (loss) attributable to Polymer Group, Inc.	`ComprehensiveIncomeNetOfTax`	$-9.90M	USD	1 Quarter
Comprehensive income (loss) attributable to Polymer Group, Inc.	`ComprehensiveIncomeNetOfTax`	$-8.11M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-6.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-9.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.62M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-28.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationContinuingAndDiscontinuedOperations`	$16.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationContinuingAndDiscontinuedOperations`	$25.03M	USD	1 Quarter
Inventory step-up	`InventoryStepUpRelatedToMerger`	$-2.43M	USD	1 Quarter
Inventory step-up	`InventoryStepUpRelatedToMerger`	-	USD	1 Quarter
(Gain) loss on financial instruments	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
(Gain) loss on financial instruments	`GainLossOnSaleOfDerivatives`	$10.76M	USD	1 Quarter
(Gain) loss on sale of assets, net	`GainLossOnDispositionOfAssets`	$-114.00K	USD	1 Quarter
(Gain) loss on sale of assets, net	`GainLossOnDispositionOfAssets`	$-67.00K	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$236.00K	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$561.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.88M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$20.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.25M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-388.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.57M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.36M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.53M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.80M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.76M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.59M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.71M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.12M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.32M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Acquisition of intangibles and other	`PaymentsToAcquireIntangibleAssets`	$53.00K	USD	1 Quarter
Acquisition of intangibles and other	`PaymentsToAcquireIntangibleAssets`	$57.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.17M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.36M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$6.67M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.15M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$1.45M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$7.61M	USD	1 Quarter
Repayment of long-term borrowings	`RepaymentsOfOtherLongTermDebt`	$5.96M	USD	1 Quarter
Repayment of long-term borrowings	`RepaymentsOfOtherLongTermDebt`	$912.00K	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$1.95M	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$848.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.85M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.35M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-534.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-512.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.42M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.25M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$59.64M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$86.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$86.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$22.30M	USD	1 Quarter
Cash payments for interest	`InterestPaidNet`	$27.43M	USD	1 Quarter
Cash payments (receipts) for taxes, net	`IncomeTaxesPaid`	$3.44M	USD	1 Quarter
Cash payments (receipts) for taxes, net	`IncomeTaxesPaid`	$2.34M	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-96.00K	USD	1 Quarter
Balance -- beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.60M	USD	Point-in-time
Balance -- beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.43M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-6.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-9.81M	USD	1 Quarter
Less: Earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-16.00K	USD	1 Quarter
Less: Earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-9.79M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-6.23M	USD	1 Quarter
Reclassification of Common Shares Call Option	`ReclassificationOfCommonSharesCallOption`	$-1.70M	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.71M	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	1 Quarter
Balance -- end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$140.60M	USD	Point-in-time
Balance -- end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$146.43M	USD	Point-in-time
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	`StockIssuedDuringPeriodValueShareBasedCompensation`	$561.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.