10-Q Filing

PLY GEM HOLDINGS INC CIK: 1284807 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001284807-16-000068`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pgem-20160402.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 36 Cash Flow Statement 64

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$109.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.16M	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.59M	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.48M	USD	Point-in-time
Accounts receivable, less allowances of $3,477 and $3,588, respectively	`AccountsReceivableNetCurrent`	$195.16M	USD	Point-in-time
Accounts receivable, less allowances of $3,477 and $3,588, respectively	`AccountsReceivableNetCurrent`	$204.16M	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$64.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Raw materials	`InventoryRawMaterialsNetOfReserves`	$69.33M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$25.32M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$24.47M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$67.60M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$61.08M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total inventory	`InventoryNet`	$161.41M	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`	$150.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$24.65M	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`	$24.20M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$11.26M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	250.00M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$14.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$490.90M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.13M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	68.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$438.31M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.13M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	68.13M	shares	Point-in-time
Land	`Land`	$8.22M	USD	Point-in-time
Land	`Land`	$8.18M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$67.18M	USD	Point-in-time
Buildings and improvements	`BuildingsAndImprovementsGross`	$66.32M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$392.13M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$385.75M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$460.25M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$467.53M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$299.24M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$305.75M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$161.78M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$161.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$122.96M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$128.38M	USD	Point-in-time
Goodwill	`Goodwill`	$477.74M	USD	Point-in-time
Goodwill	`Goodwill`	$479.55M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$8.26M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$8.54M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$614.67M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$610.77M	USD	Point-in-time
Total Assets	`Assets`	$1.27B	USD	Point-in-time
Total Assets	`Assets`	$1.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$74.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.79M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$152.96M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$117.26M	USD	Point-in-time
Tax receivable agreement payable - current	`Taxreceivableagreementpayablecurrent`	$3.00M	USD	Point-in-time
Tax receivable agreement payable - current	`Taxreceivableagreementpayablecurrent`	$3.00M	USD	Point-in-time
Less current portion of long-term debt	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Less current portion of long-term debt	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$198.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$234.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$24.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.39M	USD	Point-in-time
Tax receivable agreement payable - noncurrent	`Taxreceivableagreementpayablenoncurrent`	$20.81M	USD	Point-in-time
Tax receivable agreement payable - noncurrent	`Taxreceivableagreementpayablenoncurrent`	$38.96M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$89.77M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$90.89M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$975.53M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$960.12M	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, 68,127,491 issued and outstanding	`CommonStockValue`	$681.00K	USD	Point-in-time
Common stock $0.01 par, 250,000,000 shares authorized, 68,127,491 issued and outstanding	`CommonStockValue`	$681.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$749.30M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$749.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-817.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-790.22M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-101.00M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-76.81M	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total Liabilities and Stockholder's Deficit	`LiabilitiesAndStockholdersEquity`	$1.21B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$408.61M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$376.05M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$315.77M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$321.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$86.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.28M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$70.73M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$68.13M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.39M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$6.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$74.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$77.12M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$9.58M	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`	$584.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.69M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$17.18M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$18.15M	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.40M	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income (Loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-29.07M	USD	1 Quarter
Income (Loss) before provision (benefit) for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-51.25M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-1.49M	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`	$-27.58M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-54.21M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-24.52M	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.40	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
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	68.13M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-48.86M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-27.58M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$14.03M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$14.82M	USD	1 Quarter
Restructuring Costs	`RestructuringCosts`	$566.00K	USD	1 Quarter
Restructuring Costs	`RestructuringCosts`	$46.00K	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$3.42M	USD	1 Quarter
Non-cash interest expense, net	`AmortizationOfFinancingCostsAndDiscounts`	$3.42M	USD	1 Quarter
(Gain) loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$584.00K	USD	1 Quarter
(Gain) loss on foreign currency transactions	`ForeignCurrencyTransactionGainLossRealized`	$-934.00K	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	$-2.40M	USD	1 Quarter
Gains (Losses) on Extinguishment of Debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$586.00K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$337.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$65.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.02M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$17.18M	USD	1 Quarter
Tax receivable agreement liability adjustment	`Taxreceivableagreementadjustment`	$18.15M	USD	1 Quarter
Increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$73.00K	USD	1 Quarter
Increase in tax uncertainty, net of valuation allowance	`IncreaseDecreaseInLiabilityForUncertainTaxPositions`	$62.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-138.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$13.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$9.13M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.96M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$10.98M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-469.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.79M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$255.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-875.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.80M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-39.76M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-37.77M	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-668.00K	USD	1 Quarter
Cash payments on restructuring liabilities	`IncreaseDecreaseInRestructuringReserve`	$-473.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.47M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-137.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.99M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-48.55M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.07M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.73M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$25.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$76.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.05M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.66M	USD	1 Quarter
Net revolver borrowings	`ProceedsFromRepaymentsOfLinesOfCredit`	$10.00M	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`	$31.07M	USD	1 Quarter
Proceeds from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	$182.00K	USD	1 Quarter
Proceeds from Stock Options Exercised	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.11M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.07M	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.79M	USD	1 Quarter
Impact of exchange rate movements on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.19M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.72M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-75.08M	USD	1 Quarter
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`	$34.34M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$109.42M	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 end of the period	`CashAndCashEquivalentsAtCarryingValue`	$22.44M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$34.34M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$109.42M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$33.16M	USD	Point-in-time

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