10-Q Filing

EXOPACK HOLDING CORP CIK: 1186362 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001186362-12-000012`
Period End Date	20120331
Filing Date	20120511
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	epk-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 22 Cash Flow Statement 56 Stockholders Equity 12 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.71M	USD	Point-in-time
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.94M	USD	Point-in-time
Cash	`Cash`	$2.46M	USD	Point-in-time
Cash	`Cash`	$1.31M	USD	Point-in-time
Cash	`Cash`	$2.51M	USD	Point-in-time
Cash	`Cash`	$2.32M	USD	Point-in-time
Trade accounts receivable (net of allowance for uncollectible accounts of 1,939 and $1,708 for 2012 and 2011, respectively)	`AccountsReceivableNetCurrent`	$88.84M	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 1,939 and $1,708 for 2012 and 2011, respectively)	`AccountsReceivableNetCurrent`	$96.07M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.65M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100,000.00	shares	Point-in-time
Inventories	`InventoryNet`	$107.89M	USD	Point-in-time
Inventories	`InventoryNet`	$113.94M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.05M	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`	$2.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.37M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.91M	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`	$217.02M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$216.29M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$223.03M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$228.19M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$16.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$17.14M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$89.18M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$88.25M	USD	Point-in-time
Goodwill	`Goodwill`	$69.67M	USD	Point-in-time
Goodwill	`Goodwill`	$69.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$9.05M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.62M	USD	Point-in-time
Total assets	`Assets`	$623.90M	USD	Point-in-time
Total assets	`Assets`	$628.64M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt and capital leases	`DebtCurrent`	$8.20M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt and capital leases	`DebtCurrent`	$13.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$80.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.56M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$36.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$35.50M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$718.00K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$853.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$132.24M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$578.88M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$579.75M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$15.38M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$10.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.03M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$28.87M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$29.10M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$645.16M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$641.25M	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 March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value, $0.001 per share - 100,000 shares authorized, no shares issued and outstanding at March 31, 2012 and December 31, 2011	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding at March 31, 2012 and December 31, 2011	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding at March 31, 2012 and December 31, 2011	`CommonStockValue`	-	USD	Point-in-time
Distributions in excess of paid-in capital	`AdditionalPaidInCapital`	$-75.88M	USD	Point-in-time
Distributions in excess of paid-in capital	`AdditionalPaidInCapital`	$-76.04M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.11M	USD	Point-in-time
Accumulated other comprehensive loss, net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-45.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-48.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-146.33M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-148.76M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$628.64M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$623.90M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$218.06M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$224.48M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$190.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$194.46M	USD	1 Quarter
Gross margin	`GrossProfit`	$27.99M	USD	1 Quarter
Gross margin	`GrossProfit`	$30.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$12.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.03M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.33M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-85.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-11.42M	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-12.90M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.09M	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$585.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$595.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$849.00K	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$849.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.36M	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$72.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$196.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$163.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$93.00K	USD	1 Quarter
Loss on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-68.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$3.77M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$6.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.76M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-184.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-995.00K	USD	1 Quarter
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.44M	USD	1 Quarter
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.32M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$107.00K	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-21.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.32M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.42M	USD	1 Quarter
Repayments from joint venture	`PaymentsToAcquireInterestInJointVenture`	$-22.00K	USD	1 Quarter
Repayments from joint venture	`PaymentsToAcquireInterestInJointVenture`	$-63.00K	USD	1 Quarter
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$7.71M	USD	1 Quarter
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$10.41M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$185.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.65M	USD	1 Quarter
Repayment of subordinated term loan	`RepaymentsOfSubordinatedDebt`	-	USD	1 Quarter
Repayment of subordinated term loan	`RepaymentsOfSubordinatedDebt`	$12.00K	USD	1 Quarter
Repayments of term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	1 Quarter
Repayments of term loan	`RepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$498.00K	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$544.00K	USD	1 Quarter
Deferred loan costs paid	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Deferred loan costs paid	`PaymentsOfFinancingCosts`	$96.00K	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$339.17M	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$220.65M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$215.75M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLinesOfCredit`	$320.25M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.38M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.41M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$87.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$11.00K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.20M	USD	1 Quarter
Beginning of period	`Cash`	$2.46M	USD	Point-in-time
Beginning of period	`Cash`	$1.31M	USD	Point-in-time
Beginning of period	`Cash`	$2.51M	USD	Point-in-time
Beginning of period	`Cash`	$2.32M	USD	Point-in-time
End of period	`Cash`	$2.46M	USD	Point-in-time
End of period	`Cash`	$1.31M	USD	Point-in-time
End of period	`Cash`	$2.51M	USD	Point-in-time
End of period	`Cash`	$2.32M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balances	`StockholdersEquity`	$-146.33M	USD	Point-in-time
Balances	`StockholdersEquity`	$-148.76M	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`	$163.00K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$849.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.09M	USD	1 Quarter
Balances	`StockholdersEquity`	$-146.33M	USD	Point-in-time
Balances	`StockholdersEquity`	$-148.76M	USD	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Balance, Shares	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$849.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.09M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$942.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$1.79M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-2.60M	USD	1 Quarter

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