10-Q Filing

PLY GEM HOLDINGS INC CIK: 1284807 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001140361-12-025374`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pgem-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 30 Cash Flow Statement 68

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.78M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time
Accounts receivable, less allowances of $3,778 and $3,883, respectively	`AccountsReceivableNetCurrent`	$109.52M	USD	Point-in-time
Accounts receivable, less allowances of $3,778 and $3,883, respectively	`AccountsReceivableNetCurrent`	$132.37M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$41.91M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$47.53M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Work in process	`InventoryWorkInProcess`	$22.61M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$24.29M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Finished goods	`InventoryFinishedGoods`	$44.55M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$38.61M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$104.81M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$114.69M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.77M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.27M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$2.82M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.67M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$244.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$284.85M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	100.00	shares	Point-in-time
Land	`Land`	$3.74M	USD	Point-in-time
Land	`Land`	$3.74M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$36.64M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$36.59M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$272.12M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$274.61M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$312.44M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$314.99M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$218.51M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$212.60M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$96.48M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$99.84M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$114.43M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$121.15M	USD	Point-in-time
Goodwill	`Goodwill`	$391.47M	USD	Point-in-time
Goodwill	`Goodwill`	$391.68M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$3.12M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$32.40M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$32.36M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$541.70M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$548.10M	USD	Point-in-time
Total Assets	`Assets`	$923.03M	USD	Point-in-time
Total Assets	`Assets`	$892.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.14M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$90.88M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$71.44M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$140.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$145.58M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$9.87M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$59.19M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$57.73M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.01B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$961.67M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock $0.01 par, 100 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $0.01 par, 100 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock $0.01 par, 100 shares authorized, issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$309.70M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$309.33M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-580.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-606.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.07M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.38M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-277.32M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-301.91M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$923.03M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$892.91M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$239.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$200.11M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$172.32M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$196.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$27.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.36M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.99M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.68M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.72M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.05M	USD	1 Quarter
Operating earnings (loss)	`OperatingIncomeLoss`	$1.20M	USD	1 Quarter
Operating earnings (loss)	`OperatingIncomeLoss`	$-14.27M	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$133.00K	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.46M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.06M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$36.00K	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainLossOnModificationOrExtinguishhmentOfDebt`	-	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainLossOnModificationOrExtinguishhmentOfDebt`	$-27.86M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.77M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-68.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.47M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-70.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-24.98M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-69.96M	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-70.89M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.64M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.69M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.32M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$2.63M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$2.90M	USD	1 Quarter
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$133.00K	USD	1 Quarter
Gain on foreign currency transactions	`ForeignCurrencyTransactionGainLossUnrealized`	$68.00K	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainLossOnModificationOrExtinguishmentOfDebt`	$-27.86M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainLossOnModificationOrExtinguishmentOfDebt`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$376.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$73.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.21M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$806.00K	USD	1 Quarter
Increase in uncertain tax positions	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$862.00K	USD	1 Quarter
Increase in uncertain tax positions	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$7.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$22.71M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$18.85M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.42M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.73M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.36M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.84M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.47M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$3.78M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-19.32M	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-407.00K	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-140.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-96.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.52M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.76M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.35M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$121.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.75M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.23M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$34.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$423.68M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfSeniorDebt`	-	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfSeniorDebt`	$348.68M	USD	1 Quarter
Revolver borrowings, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$15.00M	USD	1 Quarter
Revolver borrowings, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$90.00M	USD	1 Quarter
Payments on previous revolver credit facility	`RepaymentsOfLongTermLinesOfCredit`	$30.00M	USD	1 Quarter
Payments on previous revolver credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Payment of early tender premium	`PaymentsOfDebtExtinguishmentCosts`	$49.77M	USD	1 Quarter
Payment of early tender premium	`PaymentsOfDebtExtinguishmentCosts`	-	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	-	USD	1 Quarter
Equity repurchases	`PaymentsForRepurchaseOfEquity`	$1.18M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$866.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$23.22M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$60.83M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.13M	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$107.00K	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$124.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.50M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.50M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.00M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.50M	USD	Point-in-time

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