10-Q Filing

PLY GEM HOLDINGS INC CIK: 1284807 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001284807-13-000013`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pgem-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 28 Cash Flow Statement 58

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.19M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.16M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.58M	USD	Point-in-time
Accounts receivable, less allowances of $3,343 and $3,584, respectively	`AccountsReceivableNetCurrent`	$136.55M	USD	Point-in-time
Accounts receivable, less allowances of $3,343 and $3,584, respectively	`AccountsReceivableNetCurrent`	$115.05M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$39.95M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$51.63M	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
Work in process	`InventoryWorkInProcessNetOfReserves`	$20.93M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$25.20M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$39.41M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$45.88M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$122.71M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$100.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.38M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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`	$16.06M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.22M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$5.17M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$291.71M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$263.09M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	100.00	shares	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`	$37.94M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$38.42M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$299.24M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$293.27M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$341.40M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$334.95M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$235.85M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$241.05M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$99.11M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$100.35M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$90.15M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$94.36M	USD	Point-in-time
Goodwill	`Goodwill`	$392.22M	USD	Point-in-time
Goodwill	`Goodwill`	$392.45M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.98M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$2.87M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$29.86M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$28.81M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$519.65M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$514.05M	USD	Point-in-time
Total Assets	`Assets`	$906.12M	USD	Point-in-time
Total Assets	`Assets`	$881.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$67.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.58M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$79.92M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$93.92M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$161.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$159.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$13.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$10.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$60.64M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$60.72M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$964.38M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.02B	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`	$311.49M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$311.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-619.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-647.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.10M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-343.36M	USD	Point-in-time
Total stockholder's deficit	`StockholdersEquity`	$-314.94M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$881.85M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$906.12M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$239.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$257.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$215.25M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$196.26M	USD	1 Quarter
Gross profit	`GrossProfit`	$41.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.22M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.99M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.72M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.71M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$42.42M	USD	1 Quarter
Operating earnings (loss)	`OperatingIncomeLoss`	$1.20M	USD	1 Quarter
Operating earnings (loss)	`OperatingIncomeLoss`	$-572.00K	USD	1 Quarter
Foreign currency (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-33.00K	USD	1 Quarter
Foreign currency (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$68.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.06M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.67M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$15.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-23.77M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-24.26M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.85M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.11M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.64M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-28.88M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-24.98M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-28.11M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-25.64M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$13.32M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$9.71M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$2.83M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$2.90M	USD	1 Quarter
Loss (gain) on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$68.00K	USD	1 Quarter
Loss (gain) on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-33.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$376.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$456.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$806.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.05M	USD	1 Quarter
(Decrease) increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$-206.00K	USD	1 Quarter
(Decrease) increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$862.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$8.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$21.33M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$22.71M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.73M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.23M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$511.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.36M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$23.96M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$11.70M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-19.32M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-13.23M	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-539.00K	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	-	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-96.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.03M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-36.52M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.41M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.67M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.35M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$121.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.23M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.65M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$34.00M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Net revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$15.00M	USD	1 Quarter
Net revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$50.00M	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$866.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$62.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$49.94M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.13M	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$98.00K	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$107.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.03M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.19M	USD	Point-in-time
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`	$11.16M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$27.19M	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`	$11.16M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$20.20M	USD	Point-in-time

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