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EX-31.1 - EXHIBIT 31.1 - HILLMAN COMPANIES INCexhibit311-12312015.htm
EX-31.2 - EXHIBIT 31.2 - HILLMAN COMPANIES INCexhibit312-12312015.htm
EX-21.1 - EXHIBIT 21.1 - HILLMAN COMPANIES INCexhibit211-12312015.htm
XML - IDEA: XBRL DOCUMENT - HILLMAN COMPANIES INCR9999.htm
10-K - 10-K - HILLMAN COMPANIES INChillman10-k12312015.htm
EX-32.2 - EXHIBIT 32.2 - HILLMAN COMPANIES INCexhibit322-12312015.htm
EX-32.1 - EXHIBIT 32.1 - HILLMAN COMPANIES INCexhibit321-12312015.htm
EX-12.1 - EXHIBIT 12.1 - HILLMAN COMPANIES INCexhibit121-12312015.htm


Exhibit 99.1


THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:
(dollars in thousands)


On June 30, 2014, affiliates of CCMP Capital Advisors, LLC (“CCMP”) and Oak Hill Capital Partners III, L.P., Oak Hill Capital Management Partners III, L.P. and OHCP III HC RO, L.P., together with certain current and former members of Hillman’s management, consummated a merger transaction (the “Merger Transaction”) pursuant to the terms and conditions of an Agreement and Plan of Merger dated as of May 16, 2014.

The Company, through Hillman Group, had issued $265,000 in aggregate principal amount of 10.875% Senior Notes that were scheduled to mature on June 1, 2018. In connection with the Merger Transaction, the 10.875% Senior Notes were repaid and terminated.

Hillman Group issued $330,000 aggregate principal amount of its senior notes due July 15, 2022 (the “6.375% Senior Notes”). The 6.375% Senior Notes, of which $330,000 aggregate principal amount was outstanding as of December 31, 2015, are fully and unconditionally guaranteed on a joint and several basis by The Hillman Companies, Inc., Hillman Investment Company, and certain of the Company’s wholly-owned subsidiaries. The non-guarantor information presented represents our Australian, Canadian, and Mexican subsidiaries.

The following financial information presents consolidating statements of comprehensive loss, balance sheets, and cash flows for the Hillman Group, all guarantor subsidiaries, all non-guarantor subsidiaries, and the eliminations necessary to provide the consolidated results for the Hillman Companies and subsidiaries. For purposes of this presentation, we have accounted for investments in our subsidiaries using the equity method of accounting. The principal consolidating adjustments eliminate investment in subsidiary and intercompany balances and transactions.





THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Balance Sheet (Unaudited)
 
As of December 31, 2015
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
1

 
$
3,023

 
$
612

 
$
7,749

 
$

 
$
11,385

 
 
 
Restricted investments
 
639

 

 

 

 

 
639

 
 
 
Accounts receivable, net
 

 
55,665

 
1,020

 
16,896

 

 
73,581

 
 
 
Inventories, net
 

 
171,999

 
5,447

 
67,040

 
(803
)
 
243,683

 
 
 
Deferred income taxes
 
12,666

 
277

 
501

 
604

 
(167
)
 
13,881

 
 
 
Other current assets
 

 
7,671

 
75

 
2,156

 

 
9,902

 
 
 
 
Total current assets
 
13,306


238,635


7,655


94,445


(970
)

353,071

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Intercompany notes receivable
 
105,446

 
117,368

 
(4,645
)
 
(112,723
)
 
(105,446
)
 

 
 
 
Intercompany interest receivable
 

 
6,359

 

 

 
(6,359
)
 

 
 
 
Investments in subsidiaries
 
(891,702
)
 
55,647

 
4,178

 
220,764

 
611,113

 

 
 
 
Property and equipment, net
 

 
101,034

 
308

 
9,050

 

 
110,392

 
 
 
Goodwill
 
814,413

 
350,968

 
3,240

 
31,735

 
(584,841
)
 
615,515

 
 
 
Other intangibles, net
 
710,820

 

 
4,467

 
38,196

 

 
753,483

 
 
 
Restricted investments
 
1,382

 

 

 

 

 
1,382

 
 
 
Deferred income taxes
 
52,604

 
143

 
(979
)
 
2,909

 
(54,677
)
 

 
 
 
Deferred financing fees
 

 
20,711

 

 

 

 
20,711

 
 
 
Investment in trust common securities
 
3,261

 

 

 

 

 
3,261

 
 
 
Other assets
 

 
3,102

 
25

 
3,505

 

 
6,632

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Total assets
 
 
$
809,530


$
893,967


$
14,249


$
287,881


$
(141,180
)

$
1,864,447

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 

 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Accounts payable
 
$

 
$
51,095

 
$
710

 
$
13,203

 
$

 
$
65,008

 
 
 
Current portion of senior term loans
 

 
5,500

 

 

 

 
5,500

 
 
 
Current portion of capitalized lease and other obligations

 
217

 

 

 

 
217

 
 
 
Interest payable on Junior Subordinated Debentures
 

 

 

 

 

 

 
 
 
Intercompany interest payable
 

 

 

 
6,359

 
(6,359
)
 

 
 
 
Accrued expenses:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Salaries and wages
 

 
4,861

 
94

 
453

 

 
5,408

 
 
 
 
Pricing allowances
 

 
3,991

 
3

 
3,222

 

 
7,216

 
 
 
 
Income and other taxes
 
(357
)
 
2,497

 
28

 
814

 

 
2,982

 
 
 
 
Interest
 

 
9,843

 

 

 

 
9,843

 
 
 
 
Deferred compensation
 
639

 

 

 

 

 
639

 
 
 
 
Other accrued expenses
 

 
6,325

 
38

 
1,546

 

 
7,909

 
 
 
 
Total current liabilities
 
282


84,329


873


25,597


(6,359
)

104,722

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Balance Sheet (Unaudited)
 
As of December 31, 2015
 
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
  LIABILITIES AND STOCKHOLDERS' EQUITY(CONTINUED)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany debt payable
 

 
105,446

 

 

 
(105,446
)
 

 
 
 
Long term senior term loans
 

 
536,250

 

 

 

 
536,250

 
 
 
Bank revolving credit
 

 
28,000

 

 

 

 
28,000

 
 
 
Long term portion of capitalized leases and other obligations
 

 
310

 

 

 

 
310

 
 
 
Long term senior notes
 

 
330,000

 

 

 

 
330,000

 
 
 
Junior subordinated debentures
 
129,707

 

 

 

 

 
129,707

 
 
 
Deferred compensation
 
1,382

 

 

 

 

 
1,382

 
 
 
Deferred income taxes, net
 
300,008

 

 
1,967

 
12,082

 
(54,844
)
 
259,213

 
 
 
Other non-current liabilities
 

 
6,003

 

 
316

 

 
6,319

 
 
 
 
Total liabilities
 
$
431,379


$
1,090,338


$
2,840


$
37,995


$
(166,649
)

$
1,395,903

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Commitments and Contingencies (Note 17)
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Stockholders' Equity:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Preferred Stock:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Preferred stock, $.01 par, 5,000 shares authorized,
none issued and outstanding at December 31, 2015

 

 

 

 

 

 
 
 
Common Stock:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Common stock, $.01 par, 5,000 shares authorized,
issued and outstanding at December 31, 2015
 

 

 
50

 

 
(50
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Additional paid-in capital
 
633,612

 
5,842

 
10,197

 
375,287

 
(479,184
)
 
545,754

 
 
 
Accumulated deficit
 
(255,461
)
 
(178,533
)
 
1,162

 
(29,875
)
 
420,687

 
(42,020
)
 
 
 
Accumulated other comprehensive (loss) income
 

 
(23,680
)
 

 
(95,526
)
 
84,016

 
(35,190
)
 
 
 
 
Total stockholders' equity
 
378,151


(196,371
)

11,409


249,886


25,469


468,544

 
 
 
 
Total liabilities and stockholders' equity
 
$
809,530


$
893,967


$
14,249


$
287,881


$
(141,180
)

$
1,864,447

 




THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Balance Sheet (Unaudited)
 
As of December 31, 2014
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
ASSETS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
1

 
$
13,191

 
$
696

 
$
4,597

 
$

 
$
18,485

 
 
 
Restricted investments
 
494

 

 

 

 

 
494

 
 
 
Accounts receivable, net
 

 
65,270

 
1,175

 
23,439

 

 
89,884

 
 
 
Inventories, net
 

 
141,472

 
5,687

 
57,885

 
(321
)
 
204,723

 
 
 
Deferred income taxes
 
11,191

 
277

 
538

 
1,331

 
(98
)
 
13,239

 
 
 
Other current assets
 

 
8,142

 
124

 
2,058

 

 
10,324

 
 
 
 
Total current assets
 
11,686

 
228,352

 
8,220

 
89,310

 
(419
)
 
337,149

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany notes receivable
 
105,446

 
112,977

 
(6,975
)
 
(106,002
)
 
(105,446
)
 

 
 
 
Intercompany interest receivable
 

 
948

 

 

 
(948
)
 

 
 
 
Investments in subsidiaries
 
(840,201
)
 
69,419

 
4,300

 
271,714

 
494,768

 

 
 
 
Property and equipment, net
 

 
101,299

 
298

 
12,934

 

 
114,531

 
 
 
Goodwill
 
789,870

 
338,696

 
3,240

 
37,780

 
(548,026
)
 
621,560

 
 
 
Other intangibles, net
 
746,714

 

 
4,682

 
47,545

 

 
798,941

 
 
 
Restricted investments
 
1,750

 

 

 

 

 
1,750

 
 
 
Deferred income taxes
 
53,715

 
143

 
(477
)
 
(2
)
 
(53,379
)
 

 
 
 
Deferred financing fees
 

 
24,407

 

 

 

 
24,407

 
 
 
Investment in trust common securities
 
3,261

 

 

 

 

 
3,261

 
 
 
Other assets
 

 
1,317

 
25

 
72

 

 
1,414

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
 
$
872,241

 
$
877,558

 
$
13,313

 
$
353,351

 
$
(213,450
)
 
$
1,903,013

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$

 
$
53,487

 
$
422

 
$
12,553

 
$

 
$
66,462

 
 
 
Current portion of senior term loans
 

 
5,500

 

 

 

 
5,500

 
 
 
Current portion of capitalized lease and other obligations

 
207

 

 

 

 
207

 
 
 
Intercompany interest payable
 

 

 

 
948

 
(948
)
 

 
 
 
Accrued expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Salaries and wages
 

 
4,144

 
120

 
983

 

 
5,247

 
 
 
 
Pricing allowances
 

 
3,621

 
3

 
3,038

 

 
6,662

 
 
 
 
Income and other taxes
 
(581
)
 
2,325

 
37

 
1,520

 

 
3,301

 
 
 
 
Interest
 

 
10,587

 

 

 

 
10,587

 
 
 
 
Deferred compensation
 
494

 

 

 

 

 
494

 
 
 
 
Other accrued expenses
 

 
6,990

 
40

 
393

 

 
7,423

 
 
 
 
Total current liabilities
 
(87
)
 
86,861

 
622

 
19,435

 
(948
)
 
105,883

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Balance Sheet (Unaudited)
As of December 31, 2014
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
  LIABILITIES AND STOCKHOLDERS' EQUITY(CONTINUED)
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany debt payable
 

 
105,446

 

 

 
(105,446
)
 

 
 
Long term senior term loans
 

 
541,750

 

 

 

 
541,750

 
 
Long term portion of capitalized leases and other obligations
 

 
400

 

 

 

 
400

 
 
Long term senior notes
 

 
330,000

 

 

 

 
330,000

 
 
Junior subordinated debentures
 
130,685

 

 

 

 

 
130,685

 
 
Deferred compensation
 
1,750

 

 

 

 

 
1,750

 
 
Deferred income taxes, net
 
310,804

 

 
2,037

 
14,417

 
(53,477
)
 
273,781

 
 
Other non-current liabilities
 

 
4,359

 

 
1,262

 

 
5,621

 
 
 
Total liabilities
 
$
443,152

 
$
1,068,816

 
$
2,659

 
$
35,114

 
$
(159,871
)
 
$
1,389,870

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments and Contingencies (Note 17)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock, $.01 par, 5,000 shares authorized,
none issued and outstanding at December 31, 2014

 

 

 

 

 

 
 
Common Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock, $.01 par, 5,000 shares authorized, issued and outstanding at December 31, 2014
 

 

 
50

 

 
(50
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Additional paid-in capital
 
632,602

 
5,842

 
10,197

 
375,287

 
(479,324
)
 
544,604

 
 
Accumulated deficit
 
(203,513
)
 
(188,780
)
 
407

 
(11,484
)
 
384,433

 
(18,937
)
 
 
Accumulated other comprehensive (loss) income
 

 
(8,320
)
 

 
(45,566
)
 
41,362

 
(12,524
)
 
 
 
Total stockholders' equity
 
429,089

 
(191,258
)
 
10,654

 
318,237

 
(53,579
)
 
513,143

 
 
 
Total liabilities and stockholders' equity
 
$
872,241

 
$
877,558

 
$
13,313

 
$
353,351

 
$
(213,450
)
 
$
1,903,013





THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Statements of Comprehensive Loss (Unaudited)
 
For the year ended December 31, 2015
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$

 
$
626,283

 
$
19,375

 
$
141,253

 
$

 
$
786,911

 
 
Cost of sales (exclusive of depreciation
 
 
 
 
 
 
 
 
 
 
 

 
 
and amortization shown separately below)
 

 
326,337

 
13,677

 
95,515

 

 
435,529

 
 
Selling, general and administrative expenses
 
1,292

 
201,613

 
3,988

 
45,652

 

 
252,545

 
 
Acquisition and integration expense
 

 
257

 

 

 

 
257

 
 
Depreciation
 

 
27,040

 
75

 
1,912

 

 
29,027

 
 
Amortization
 
35,893

 

 
215

 
1,895

 

 
38,003

 
 
Intercompany administrative (income) expense
 

 
(434
)
 

 
434

 

 

 
 
Management and transaction fees to related party
 

 
630

 

 

 

 
630

 
 
Other (income) expense, net
 
(2
)
 
1,626

 
13

 
1,885

 

 
3,522

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
(Loss) income from operations
 
(37,183
)

69,214


1,407


(6,040
)


 
27,398

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Intercompany interest (income) expense
 
(12,232
)
 
12,232

 

 

 

 

 
 
Interest (income) expense, net
 
(977
)
 
45,550

 

 
6,011

 

 
50,584

 
 
Interest expense on junior subordinated debentures
 
12,609

 

 

 

 

 
12,609

 
 
Investment income on trust common securities
 
(378
)
 

 

 

 

 
(378
)
 
 
 
(Loss) income before equity in subsidiaries' income
(36,205
)

11,432


1,407


(12,051
)


 
(35,417
)
 
 
Equity in subsidiaries' income (loss)
 
2,214

 
(9,218
)
 

 

 
7,004

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
(Loss) income before income taxes
 
(33,991
)

2,214


1,407


(12,051
)

7,004

 
(35,417
)
 
 
 
Income tax (benefit) provision
 
(10,908
)
 

 
530

 
(1,956
)
 

 
(12,334
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Net (loss) income
 
$
(23,083
)

$
2,214


$
877


$
(10,095
)

$
7,004

 
$
(23,083
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
 

 
 
 
Foreign currency translation adjustments
 

 
(15,360
)
 

 
(49,960
)
 
42,654

 
(22,666
)
 
 
Total comprehensive (loss) income
 
$
(23,083
)

$
(13,146
)

$
877


$
(60,055
)

$
49,658


$
(45,749
)
 




THE HILLMAN COMPANIES, INC. AND SUBSIDIARIES
Supplemental Consolidating Guarantor and Non-Guarantor Financial Information:


Consolidating Statements of Comprehensive Loss (Unaudited)
 
For the period from June 30, 2014 through December 31, 2014
 
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$

 
$
292,255

 
$
10,326

 
$
74,711

 
$

 
$
377,292

 
 
Cost of sales (exclusive of depreciation and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
amortization shown separately below)
 

 
137,849

 
7,275

 
48,097

 

 
193,221

 
 
Selling, general and administrative expenses
 
718

 
90,929

 
2,236

 
21,971

 

 
115,854

 
 
Transaction, acquisition and integration expenses

 
22,102

 
21

 
596

 

 
22,719

 
 
Depreciation
 

 
15,821

 
37

 
1,419

 

 
17,277

 
 
Amortization
 
16,403

 
1,544

 
108

 
1,073

 

 
19,128

 
 
Intercompany administrative (income) expense
 

 
(216
)
 

 
216

 

 

 
 
Management and transaction fees to related party

 
276

 

 

 

 
276

 
 
Other (income) expense, net
 
(43
)
 
1,857

 
(63
)
 
(1,175
)
 

 
576

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from operations
 
(17,078
)
 
22,093

 
712

 
2,514

 

 
8,241

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany interest (income) expense
 
(6,115
)
 
6,115

 

 

 

 

 
 
Interest (income) expense, net
 
(457
)
 
24,213

 

 
3,494

 

 
27,250

 
 
Interest expense on junior subordinated debentures
6,305

 

 

 

 

 
6,305

 
 
Investment income on trust common securities
 
(189
)
 

 

 

 

 
(189
)
 
 
 
(Loss) income before equity in subsidiaries' income
(16,622
)
 
(8,235
)
 
712

 
(980
)
 

 
(25,125
)
 
 
Equity in subsidiaries' (loss) income
 
(9,743
)
 
(1,508
)
 

 

 
11,251

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income taxes
 
(26,365
)
 
(9,743
)
 
712

 
(980
)
 
11,251

 
(25,125
)
 
 
 
Income tax (benefit) provision
 
(7,428
)
 

 
313

 
927

 

 
(6,188
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(18,937
)
 
$
(9,743
)
 
$
399

 
$
(1,907
)
 
$
11,251

 
$
(18,937
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 

 
(8,320
)
 

 
(45,566
)
 
41,362

 
(12,524
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive (loss) income
 
$
(18,937
)
 
$
(18,063
)
 
$
399

 
$
(47,473
)
 
$
52,613