10-Q/A Filing

EXOPACK HOLDING CORP CIK: 1186362 Q2 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001186362-11-000017`
Period End Date	20110630
Filing Date	20110902
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	epk-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 48 Cash Flow Statement 66 Stockholders Equity 15

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.47M	USD	Point-in-time
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.55M	USD	Point-in-time
Cash	`Cash`	$2.54M	USD	Point-in-time
Cash	`Cash`	$930.00K	USD	Point-in-time
Cash	`Cash`	$2.51M	USD	Point-in-time
Cash	`Cash`	$633.00K	USD	Point-in-time
Trade accounts receivable (net of allowance for uncollectible accounts of 1,467 and $1,550 for 2011 and 2010, respectively)	`AccountsReceivableNetCurrent`	$96.12M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Trade accounts receivable (net of allowance for uncollectible accounts of 1,467 and $1,550 for 2011 and 2010, respectively)	`AccountsReceivableNetCurrent`	$94.95M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.48M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.46M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Inventories	`InventoryNet`	$112.48M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$103.73M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.70M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.94M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$211.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$221.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.90M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$214.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$223.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$18.56M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$15.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$91.09M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$92.98M	USD	Point-in-time
Goodwill	`Goodwill`	$69.64M	USD	Point-in-time
Goodwill	`Goodwill`	$69.67M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$6.13M	USD	Point-in-time
Total assets	`Assets`	$629.91M	USD	Point-in-time
Total assets	`Assets`	$609.81M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt	`DebtCurrent`	$58.81M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt	`DebtCurrent`	$1.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.87M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$33.54M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$972.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$975.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$120.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$190.26M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$320.00M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$585.00M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$10.50M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$9.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$32.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$16.17M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.18M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$633.07M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$379.55M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value, $0.001 per share - 100,000 shares authorized, no shares issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value, $0.001 per share - 100,000 shares authorized, no shares issued and outstanding at June 30, 2011 and December 31, 2010	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding at June 30, 2011 and December 31, 2010	`CommonStockValue`	-	USD	Point-in-time
(Distributions in excess of) Additional paid-in capital	`AdditionalPaidInCapital`	$-76.32M	USD	Point-in-time
(Distributions in excess of) Additional paid-in capital	`AdditionalPaidInCapital`	$73.52M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.32M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-26.43M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-40.92M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$39.99M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-123.56M	USD	Point-in-time
Total liabilities and stockholders (deficit) equity	`LiabilitiesAndStockholdersEquity`	$629.91M	USD	Point-in-time
Total liabilities and stockholders (deficit) equity	`LiabilitiesAndStockholdersEquity`	$609.81M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$219.77M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$179.63M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$352.52M	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$444.25M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$159.42M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$383.76M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$189.31M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$311.40M	USD	2 Qtrs
Gross margin	`GrossProfit`	$30.46M	USD	1 Quarter
Gross margin	`GrossProfit`	$20.21M	USD	1 Quarter
Gross margin	`GrossProfit`	$41.12M	USD	2 Qtrs
Gross margin	`GrossProfit`	$60.48M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.22M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.62M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.49M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$9.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.27M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60M	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.13M	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.11M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtIncludingRedemptionAndConsentCosts`	$-22.05M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtIncludingRedemptionAndConsentCosts`	-	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtIncludingRedemptionAndConsentCosts`	$-22.05M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebtIncludingRedemptionAndConsentCosts`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$54.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$139.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$801.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$850.00K	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-6.26M	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-13.33M	USD	2 Qtrs
Net other expenses	`NonoperatingIncomeExpense`	$-34.17M	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-45.59M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-23.33M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.83M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-24.76M	USD	1 Quarter
(Benefit from) provision for income taxes	`IncomeTaxExpenseBenefit`	$1.04M	USD	2 Qtrs
(Benefit from) provision for income taxes	`IncomeTaxExpenseBenefit`	$-8.84M	USD	2 Qtrs
(Benefit from) provision for income taxes	`IncomeTaxExpenseBenefit`	$519.00K	USD	1 Quarter
(Benefit from) provision for income taxes	`IncomeTaxExpenseBenefit`	$-9.43M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.49M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-15.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.49M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.41M	USD	2 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-9.61M	USD	2 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$348.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$157.00K	USD	2 Qtrs
Stock compensation expense	`ShareBasedCompensation`	$219.00K	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-11.88M	USD	2 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-247.00K	USD	2 Qtrs
Loss on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-478.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$4.29M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsReceivable`	$736.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.11M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.39M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-291.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-941.00K	USD	2 Qtrs
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.74M	USD	2 Qtrs
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.36M	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-100.00K	USD	2 Qtrs
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-32.00K	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.37M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.42M	USD	2 Qtrs
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	$425.00K	USD	2 Qtrs
Investment in joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	2 Qtrs
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$12.54M	USD	2 Qtrs
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$24.90M	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$419.00K	USD	2 Qtrs
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$277.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-24.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.54M	USD	2 Qtrs
Repayment of subordinated term loan	`RepaymentsOfSubordinatedDebt`	$24.00K	USD	2 Qtrs
Repayment of subordinated term loan	`RepaymentsOfSubordinatedDebt`	$24.00K	USD	2 Qtrs
Issuance of term loan	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Issuance of term loan	`ProceedsFromIssuanceOfOtherLongTermDebt`	$350.00M	USD	2 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$1.01M	USD	2 Qtrs
Deferred loan costs paid	`PaymentsOfFinancingCosts`	$950.00K	USD	2 Qtrs
Deferred loan costs paid	`PaymentsOfFinancingCosts`	$16.74M	USD	2 Qtrs
Dividend to parent	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividend to parent	`PaymentsOfDividendsCommonStock`	$150.00M	USD	2 Qtrs
Issuance of senior notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$235.00M	USD	2 Qtrs
Issuance of senior notes	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Repayment of former senior notes	`RepaymentsOfUnsecuredDebt`	$320.00M	USD	2 Qtrs
Repayment of former senior notes	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$571.72M	USD	2 Qtrs
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$414.10M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$628.85M	USD	2 Qtrs
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$408.81M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.32M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.10M	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$148.00K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-34.00K	USD	2 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$297.00K	USD	2 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$28.00K	USD	2 Qtrs
Beginning of period	`Cash`	$2.54M	USD	Point-in-time
Beginning of period	`Cash`	$930.00K	USD	Point-in-time
Beginning of period	`Cash`	$2.51M	USD	Point-in-time
Beginning of period	`Cash`	$633.00K	USD	Point-in-time
End of period	`Cash`	$2.54M	USD	Point-in-time
End of period	`Cash`	$930.00K	USD	Point-in-time
End of period	`Cash`	$2.51M	USD	Point-in-time
End of period	`Cash`	$633.00K	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$39.99M	USD	Point-in-time
Balances	`StockholdersEquity`	$-123.56M	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$157.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-15.34M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.49M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.88M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.02M	USD	1 Quarter
Dividend to parent	`DividendsCommonStockCash`	$150.00M	USD	2 Qtrs
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$774.00K	USD	2 Qtrs
Balances	`StockholdersEquity`	$39.99M	USD	Point-in-time
Balances	`StockholdersEquity`	$-123.56M	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time

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