10-Q Filing

PLY GEM HOLDINGS INC CIK: 1284807 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001284807-15-000019`
Period End Date	20150331
Filing Date	20150507
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	pgem-20150404.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 34 Cash Flow Statement 76

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.44M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$4.16M	USD	Point-in-time
Accounts receivable, less allowances of $4,604 and $4,164, respectively	`AccountsReceivableNetCurrent`	$187.68M	USD	Point-in-time
Accounts receivable, less allowances of $4,604 and $4,164, respectively	`AccountsReceivableNetCurrent`	$193.65M	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	`InventoryRawMaterialsNetOfReserves`	$76.47M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$73.99M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$31.05M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$34.38M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$69.07M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$74.38M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$179.91M	USD	Point-in-time
Total inventory	`InventoryNet`	$179.42M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$29.29M	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`	$31.81M	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`	250.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$6.88M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$440.24M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	67.93M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	67.88M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$431.69M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	67.93M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	67.88M	shares	Point-in-time
Land	`Land`	$8.19M	USD	Point-in-time
Land	`Land`	$7.97M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$65.66M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$65.99M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$368.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$371.01M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$445.19M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$442.34M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$281.38M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$286.94M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$158.25M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$160.97M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$147.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$139.66M	USD	Point-in-time
Goodwill	`Goodwill`	$476.11M	USD	Point-in-time
Goodwill	`Goodwill`	$473.73M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$29.55M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$28.61M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$653.37M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$642.00M	USD	Point-in-time
Total Assets	`Assets`	$1.23B	USD	Point-in-time
Total Assets	`Assets`	$1.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.16M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$147.32M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$109.60M	USD	Point-in-time
Long-term Debt, Current Maturities	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Long-term Debt, Current Maturities	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$235.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$190.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$20.42M	USD	Point-in-time
Payable to related parties pursuant to tax receivable agreement	`Taxreceivableagreementpayable`	$10.92M	USD	Point-in-time
Payable to related parties pursuant to tax receivable agreement	`Taxreceivableagreementpayable`	$28.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$92.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$94.81M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$988.92M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.05B	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, 50,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock $0.01 par, 50,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.01 par, 250,000,000 shares authorized, 67,925,796 and 67,877,587 issued and outstanding, respectively	`CommonStockValue`	$679.00K	USD	Point-in-time
Common stock $0.01 par, 250,000,000 shares authorized, 67,925,796 and 67,877,587 issued and outstanding, respectively	`CommonStockValue`	$679.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$745.14M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$745.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-822.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-871.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.98M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.33M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-96.67M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-150.11M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$1.23B	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$376.05M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$269.46M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$229.65M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$315.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.81M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.13M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$54.08M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$5.32M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$74.33M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$-19.59M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$-14.05M	USD	1 Quarter
Foreign currency (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-934.00K	USD	1 Quarter
Foreign currency (loss) gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$-228.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.52M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$24.00K	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$4.37M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$17.18M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-21.36M	USD	1 Quarter
Loss on modification or extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income (Loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.25M	USD	1 Quarter
Income (Loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-64.05M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-12.47M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-2.39M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-48.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-51.58M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-56.59M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-54.21M	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.72	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	67.92M	shares	1 Quarter

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-48.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-51.58M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$14.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$11.28M	USD	1 Quarter
Restructuring Costs	`RestructuringCosts`	$46.00K	USD	1 Quarter
Restructuring Costs	`RestructuringCosts`	$1.26M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$3.42M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$4.17M	USD	1 Quarter
Loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-228.00K	USD	1 Quarter
Loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-934.00K	USD	1 Quarter
Loss Contingency, Loss in Period	`LossContingencyLossInPeriod`	-	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-21.36M	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$398.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$586.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.87M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.02M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$4.37M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$17.18M	USD	1 Quarter
Increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$117.00K	USD	1 Quarter
Increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$73.00K	USD	1 Quarter
Unrecognized Tax Benefits, Period Increase (Decrease)	`UnrecognizedTaxBenefitsPeriodIncreaseDecrease`	$-100.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$13.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$157.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$24.79M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.81M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-469.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.52M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.79M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-6.43M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-39.76M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-27.06M	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-473.00K	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-2.08M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.47M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.81M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.29M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.99M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.68M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.07M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$617.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.05M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.06M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$927.85M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Net revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$40.00M	USD	1 Quarter
Net revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$60.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$1.07M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$852.00M	USD	1 Quarter
Payment of early call premium	`PaymentOfEarlyCallPremium`	$61.14M	USD	1 Quarter
Payment of early call premium	`PaymentOfEarlyCallPremium`	-	USD	1 Quarter
Proceeds from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$1.03M	USD	1 Quarter
Proceeds from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$182.00K	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Debt issuance costs paid	`PaymentsOfDebtIssuanceCosts`	$14.32M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.41M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.11M	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-371.00K	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.79M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.72M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-54.31M	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.16M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.44M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.16M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$69.80M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.44M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$15.49M	USD	Point-in-time

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