10-Q Filing

EXOPACK HOLDING CORP CIK: 1186362 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001186362-13-000014`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	epk-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 22 Cash Flow Statement 54 Stockholders Equity 15 Comprehensive Income 10

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.06M	USD	Point-in-time
Allowance for uncollectable accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.89M	USD	Point-in-time
Cash	`Cash`	$2.32M	USD	Point-in-time
Cash	`Cash`	$4.64M	USD	Point-in-time
Cash	`Cash`	$2.46M	USD	Point-in-time
Cash	`Cash`	$3.15M	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 $1,889 and $2,060 as of March 31, 2013 and December 31, 2012, respectively)	`AccountsReceivableNetCurrent`	$103.09M	USD	Point-in-time
Trade accounts receivable (net of allowance for uncollectible accounts of $1,889 and $2,060 as of March 31, 2013 and December 31, 2012, respectively)	`AccountsReceivableNetCurrent`	$88.19M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.33M	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
Other receivables	`OtherReceivablesNetCurrent`	$4.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Inventories	`InventoryNet`	$94.48M	USD	Point-in-time
Inventories	`InventoryNet`	$90.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.14M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.64M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.56M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.90M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	2.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$193.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.55M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$228.39M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$223.30M	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
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$14.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNoncurrentNet`	$13.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$87.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$85.41M	USD	Point-in-time
Goodwill	`Goodwill`	$69.67M	USD	Point-in-time
Goodwill	`Goodwill`	$69.63M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.91M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.23M	USD	Point-in-time
Total assets	`Assets`	$594.17M	USD	Point-in-time
Total assets	`Assets`	$621.83M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt and capital leases	`DebtCurrent`	$36.18M	USD	Point-in-time
Revolving credit facility and current portion of long-term debt and capital leases	`DebtCurrent`	$23.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$37.99M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$34.41M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.53M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$121.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$151.63M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$575.38M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$576.25M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$12.44M	USD	Point-in-time
Capital lease obligations, less current portion	`CapitalLeaseObligationsNoncurrent`	$13.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$23.06M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$28.72M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$30.90M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$641.78M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$640.95M	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 as of March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value, $0.001 per share - 100,000 shares authorized, no shares issued and outstanding as of March 31, 2013 and December 31, 2012	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding as of March 31, 2013 and December 31, 2012	`CommonStockValue`	-	USD	Point-in-time
Common stock, par value, $0.001 per share - 2,900,000 shares authorized, 1 share issued and outstanding as of March 31, 2013 and December 31, 2012	`CommonStockValue`	-	USD	Point-in-time
(Distributions in excess of) Paid-in capital	`AdditionalPaidInCapital`	$-75.58M	USD	Point-in-time
(Distributions in excess of) Paid-in capital	`AdditionalPaidInCapital`	$-75.44M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.93M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.95M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-70.18M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-72.21M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-171.58M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-168.71M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$621.83M	USD	Point-in-time
Total liabilities and stockholders equity (deficit)	`LiabilitiesAndStockholdersEquity`	$594.17M	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`	$207.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$190.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$178.88M	USD	1 Quarter
Gross margin	`GrossProfit`	$28.19M	USD	1 Quarter
Gross margin	`GrossProfit`	$27.99M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$18.18M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$10.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$9.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.03M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.93M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$729.00K	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-12.90M	USD	1 Quarter
Net other expenses	`NonoperatingIncomeExpense`	$-12.20M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.28M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.09M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$595.00K	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$757.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.68M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.36M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefitNetOtherAdjustments`	$73.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefitNetOtherAdjustments`	$72.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$163.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$142.00K	USD	1 Quarter
Loss (gain) on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss (gain) on sale and disposition of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$23.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$15.55M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$6.82M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-6.44M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.82M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.85M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-995.00K	USD	1 Quarter
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.70M	USD	1 Quarter
Accounts payable and accrued and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.32M	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$194.00K	USD	1 Quarter
Income tax receivable/payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$107.00K	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`	$5.29M	USD	1 Quarter
Repayments from joint venture	`PaymentsToAcquireInterestInJointVenture`	$-31.00K	USD	1 Quarter
Repayments from joint venture	`PaymentsToAcquireInterestInJointVenture`	$-63.00K	USD	1 Quarter
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$14.74M	USD	1 Quarter
Purchases of property, plant and equipment, including capitalized software	`PaymentsToAcquireProductiveAssets`	$7.71M	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$28.00K	USD	1 Quarter
Proceeds from sales of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.68M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.65M	USD	1 Quarter
Repayments of term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	1 Quarter
Repayments of term loan	`RepaymentsOfOtherLongTermDebt`	$875.00K	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$544.00K	USD	1 Quarter
Repayment of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$666.00K	USD	1 Quarter
Deferred loan costs paid	`PaymentsOfFinancingCosts`	$96.00K	USD	1 Quarter
Deferred loan costs paid	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$190.30M	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`	$177.73M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.03M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.38M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$87.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-141.00K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.49M	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$139.00K	USD	1 Quarter
Beginning of period	`Cash`	$2.32M	USD	Point-in-time
Beginning of period	`Cash`	$4.64M	USD	Point-in-time
Beginning of period	`Cash`	$2.46M	USD	Point-in-time
Beginning of period	`Cash`	$3.15M	USD	Point-in-time
End of period	`Cash`	$2.32M	USD	Point-in-time
End of period	`Cash`	$4.64M	USD	Point-in-time
End of period	`Cash`	$2.46M	USD	Point-in-time
End of period	`Cash`	$3.15M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Change in pension liability, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	-	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$-171.58M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-168.71M	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$142.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.49M	USD	1 Quarter
Change in pension liability, net of income taxes of $0	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-508.00K	USD	1 Quarter
Change in pension liability, net of income taxes of $0	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-523.00K	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	1.00	shares	Point-in-time
Ending balance	`StockholdersEquity`	$-171.58M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-168.71M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.68M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.49M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.09M	USD	1 Quarter
Change in pension liability, net of income taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-508.00K	USD	1 Quarter
Change in pension liability, net of income taxes	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-523.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.61M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-979.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-3.01M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.07M	USD	1 Quarter

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