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EX-31.1 - EXHIBIT 31.1 6.30.2016 - HILLMAN COMPANIES INCexhibit311-certificationof.htm
10-Q - 10-Q 6.30.2016 - HILLMAN COMPANIES INChillman10-q6302016.htm
EX-32.2 - EXHIBIT 32.2 6.30.2016 - HILLMAN COMPANIES INCexhibit322-certificationof.htm
EX-32.1 - EXHIBIT 32.1 6.30.2016 - HILLMAN COMPANIES INCexhibit321-certificationof.htm
EX-31.2 - EXHIBIT 31.2 6.30.2016 - HILLMAN COMPANIES INCexhibit312-certificationof.htm

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


EXHIBIT 99.1


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.

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 June 30, 2016, 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 condensed consolidating statements of comprehensive income (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



Condensed Consolidating Balance Sheet (Unaudited)
As of June 30, 2016
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
$
4,052

 
$
333

 
$
11,548

 
$

 
$
15,934

 
 
Restricted investments
 
260

 

 

 

 

 
260

 
 
Accounts receivable, net
 

 
65,714

 
1,542

 
21,740

 

 
88,996

 
 
Inventories, net
 

 
160,261

 
5,137

 
65,326

 
(717
)
 
230,007

 
 
Other current assets
 

 
10,575

 
96

 
2,178

 

 
12,849

 
 
 
Total current assets
 
261

 
240,602

 
7,108

 
100,792

 
(717
)
 
348,046

 
 
Intercompany notes receivable
 
105,446

 
121,171

 
(3,541
)
 
(121,983
)
 
(101,093
)
 

 
 
Intercompany interest receivable
 
6,116

 
9,740

 

 

 
(15,856
)
 

 
 
Investments in subsidiaries
 
(904,980
)
 
55,647

 
4,178

 
234,865

 
610,290

 

 
 
Property and equipment, net
 

 
101,219

 
277

 
9,874

 

 
111,370

 
 
Goodwill
 
814,413

 
350,968

 
3,240

 
33,270

 
(584,841
)
 
617,050

 
 
Other intangibles, net
 
692,874

 

 
4,360

 
39,122

 

 
736,356

 
 
Restricted investments
 
1,286

 

 

 

 

 
1,286

 
 
Deferred financing fees, net
 

 
1,083

 

 

 

 
1,083

 
 
Investment in trust common securities
 
3,261

 

 

 

 

 
3,261

 
 
Other assets
 

 
3,012

 
25

 
3,200

 

 
6,237

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
718,677

 
$
883,442

 
$
15,647

 
$
299,140

 
$
(92,217
)
 
$
1,824,689

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LIABILITIES AND STOCKHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$

 
$
61,469

 
$
662

 
$
10,943

 
$

 
$
73,074

 
 
Current portion of senior term loans
 

 
5,500

 

 

 

 
5,500

 
 
Current portion of capitalized lease and other obligations

 
201

 

 

 

 
201

 
 
Intercompany interest payable
 

 
6,116

 

 
9,740

 
(15,856
)
 

 
 
Accrued expenses:
 
 
 
 
 
 
 
 
 
 
 


 
 
 
Salaries and wages
 

 
5,221

 
117

 
942

 

 
6,280

 
 
 
Pricing allowances
 

 
3,270

 
2

 
1,482

 

 
4,754

 
 
 
Income and other taxes
 
48

 
2,471

 
79

 
1,238

 

 
3,836

 
 
 
Interest
 

 
9,983

 

 

 

 
9,983

 
 
 
Deferred compensation
 
260

 

 

 

 

 
260

 
 
 
Other accrued expenses
 

 
7,459

 
39

 
2,299

 

 
9,797

 
 
 
 
Total current liabilities
 
308

 
101,690

 
899

 
26,644

 
(15,856
)
 
113,685

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 2 of 11



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



Condensed Consolidating Balance Sheet (Unaudited)
As of June 30, 2016
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 

 
522,386

 

 

 

 
522,386

 
 
Bank revolving credit
 

 
16,000

 

 

 

 
16,000

 
 
Long term capitalized leases and other obligations
 

 
218

 

 

 

 
218

 
 
Long term senior notes
 

 
323,332

 

 

 

 
323,332

 
 
Junior subordinated debentures
 
129,186

 

 

 

 

 
129,186

 
 
Deferred compensation
 
1,286

 

 

 

 

 
1,286

 
 
Deferred income taxes, net
 
230,557

 

 
2,785

 
8,838

 

 
242,180

 
 
Other non-current liabilities
 

 
6,622

 

 
336

 

 
6,958

 
 
 
 
Total liabilities
 
361,337

 
1,075,694

 
3,684

 
35,818

 
(121,302
)
 
1,355,231

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments and Contingencies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stockholders' Equity:
 











 
 
Preferred Stock:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock, $.01 par, 5,000 shares authorized, none issued and outstanding at March 31, 2016
 

 

 

 

 

 

 
 
Common Stock:
 
 
 
 
 
 
 
 
 
 
 


 
 
 
Common stock, $.01 par, 5,000 shares authorized, issued and outstanding at March 31, 2016
 

 

 
50

 

 
(50
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
Additional paid-in capital
 
634,730

 
5,842

 
10,197

 
375,287

 
(479,184
)
 
546,872

 
 
Accumulated deficit
 
(277,390
)
 
(179,752
)
 
1,716

 
(31,096
)
 
438,404

 
(48,118
)
 
 
Accumulated other comprehensive (loss) income
 

 
(18,342
)
 

 
(80,869
)
 
69,915

 
(29,296
)
 
 
 
Total stockholders' equity
 
357,340

 
(192,252
)
 
11,963

 
263,322

 
29,085

 
469,458

 
 
 
 
Total liabilities and stockholders' equity
 
$
718,677

 
$
883,442

 
$
15,647

 
$
299,140

 
$
(92,217
)
 
$
1,824,689



Page 3 of 11



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



Condensed Consolidating Balance Sheet (Unaudited)
As of December 31, 2015
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, net
 
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, net
 

 
1,263

 

 

 

 
1,263

 
 
Investment in trust common securities
 
3,261

 

 

 

 

 
3,261

 
 
Other assets
 

 
3,102

 
25

 
3,505

 

 
6,632

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
Total assets
 
$
809,530


$
874,519


$
14,249


$
287,881


$
(141,180
)

$
1,844,999

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
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

 
 
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

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Page 4 of 11



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



Condensed Consolidating Balance Sheet (Unaudited)
As of December 31, 2015
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 

 
524,025

 

 

 

 
524,025

 
 
Bank revolving credit
 

 
28,000

 

 

 

 
28,000

 
 
Long term capitalized leases and other obligations
 

 
310

 

 

 

 
310

 
 
Long term senior notes
 

 
322,777

 

 

 

 
322,777

 
 
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


1,070,890


2,840


37,995


(166,649
)

1,376,455

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
Commitments and Contingencies
 
 
 
 
 
 
 
 
 
 
 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


 
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


$
874,519


$
14,249


$
287,881


$
(141,180
)

$
1,844,999



Page 5 of 11



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



Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Three Months Ended June 30, 2016
(Amounts in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 

 
$
179,864

 
$
5,228

 
$
41,808

 

 
$
226,900

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

 
90,721

 
3,494

 
27,864

 

 
122,079

 
Selling, general and administrative expenses
 
551

 
54,484

 
1,091

 
10,734

 

 
66,860

 
Depreciation
 

 
7,578

 
20

 
452

 

 
8,050

 
Amortization
 
8,974

 

 
54

 
463

 

 
9,491

 
Intercompany administrative (income) expense
 

 
(83
)
 

 
83

 

 

 
Management and transaction fees to related party
 

 
136

 

 

 

 
136

 
Other expense (income)
 
(27
)
 
(14
)
 

 
300

 

 
259

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from operations
 
(9,498
)
 
27,042

 
569

 
1,912

 

 
20,025

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany interest (income) expense
 
(3,058
)
 
3,058

 

 

 

 

 
Interest (income) expense, net
 
(264
)
 
11,648

 

 
1,482

 

 
12,866

 
Interest expense on junior subordinated debentures
 
3,152

 

 

 

 

 
3,152

 
Investment income on trust common securities
 
(95
)
 

 

 

 

 
(95
)
 
 
(Loss) income before equity in subsidiaries' income
(9,233
)
 
12,336

 
569

 
430

 

 
4,102

 
Equity in subsidiaries' income (loss)
 
11,616

 
(720
)
 

 

 
(10,896
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
2,383

 
11,616

 
569

 
430

 
(10,896
)
 
4,102

 
 
Income tax provision
 
637

 

 
58

 
1,661

 

 
2,356

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
1,746

 
$
11,616

 
$
511

 
$
(1,231
)
 
$
(10,896
)
 
$
1,746

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 

 
243

 

 
249

 
(682
)
 
(190
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive (loss) income
 
$
1,746

 
$
11,859

 
$
511

 
$
(982
)
 
$
(11,578
)
 
$
1,556



Page 6 of 11



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



Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Three Months Ended June 30, 2015
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 
 
 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$

 
$
167,821

 
$
5,628

 
$
43,369

 
$

 
$
216,818

 
Cost of sales (exclusive of depreciation and
 
 
 
 
 
 
 
 
 
 
 

 
 
amortization shown separately below)
 

 
86,082

 
4,039

 
28,866

 

 
118,987

 
Selling, general and administrative expenses
 
(211
)
 
50,913

 
1,034

 
12,861

 

 
64,597

 
Transaction, acquisition and integration expenses
 

 
92

 

 

 

 
92

 
Depreciation
 

 
6,519

 
18

 
434

 

 
6,971

 
Amortization
 
8,972

 

 
54

 
492

 

 
9,518

 
Intercompany administrative (income) expense
 

 
(109
)
 

 
109

 

 

 
Management fees to related party
 

 
155

 

 

 

 
155

 
Other (income) expense, net
 
264

 
(752
)
 
2

 
(232
)
 

 
(718
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income from operations
 
(9,025
)
 
24,921

 
481

 
839

 

 
17,216

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intercompany interest (income) expense
 
(3,058
)
 
3,058

 

 

 

 

 
Interest (income) expense, net
 
(242
)
 
11,244

 

 
1,616

 

 
12,618

 
Interest expense on junior subordinated debentures
 
3,152

 

 

 

 

 
3,152

 
Investment income on trust common securities
 
(94
)
 

 

 

 

 
(94
)
 
 
(Loss) income before equity in subsidiaries' income
(8,783
)
 
10,619

 
481

 
(777
)
 

 
1,540

 
Equity in subsidiaries' (loss) income
 
9,610

 
(1,009
)
 

 

 
(8,601
)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income before income taxes
 
827

 
9,610

 
481

 
(777
)
 
(8,601
)
 
1,540

 
 
Income tax (benefit) provision
 
5,370

 

 
(23
)
 
736

 

 
6,083

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(4,543
)
 
$
9,610

 
$
504

 
$
(1,513
)
 
$
(8,601
)
 
$
(4,543
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive (loss) income:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments
 

 
79

 

 
423

 
(875
)
 
(373
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total comprehensive (loss) income
 
$
(4,543
)
 
$
9,689

 
$
504

 
$
(1,090
)
 
$
(9,476
)
 
$
(4,916
)


Page 7 of 11



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



Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Six Months Ended June 30, 2016
(dollars in thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Guarantors
 
Issuer
 
 
 
Non-
 
 
 

 
 
 
 
 
The Hillman
 
The Hillman
 
Guarantor
 
Guarantor
 
Consolidating
 
 
 
 
 
 
 
Companies, Inc.
 
Group, Inc.
 
Subsidiaries
 
Subsidiaries
 
Adjustments
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$

 
$
335,225

 
$
9,450

 
$
71,829

 
$

 
$
416,504

 
Cost of sales (exclusive of depreciation and
 
 
 
 
 
 
 
 
 
 
 

 
 
amortization shown separately below)
 

 
170,705

 
6,285

 
48,066

 

 
225,056

 
Selling, general and administrative expenses
 
1,135

 
108,813

 
2,094

 
20,333

 

 
132,375

 
Depreciation
 

<