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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $ 9,881us-gaap_NetIncomeLoss | $ (4,681)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Provision for bad debts | 20us-gaap_ProvisionForDoubtfulAccounts | |
| Depreciation and amortization | 2,501us-gaap_DepreciationDepletionAndAmortization | 1,952us-gaap_DepreciationDepletionAndAmortization |
| Loss on disposition of assets | (9)us-gaap_GainLossOnDispositionOfAssets1 | 0us-gaap_GainLossOnDispositionOfAssets1 |
| Loss on change in fair value of derivative liability | (18)us-gaap_DerivativeGainLossOnDerivativeNet | (67)us-gaap_DerivativeGainLossOnDerivativeNet |
| (Gain) loss on change in fair value of warrant liability | (5,078)us-gaap_UnrealizedGainLossOnDerivatives | 8,880us-gaap_UnrealizedGainLossOnDerivatives |
| Deferred income taxes | (157)us-gaap_DeferredIncomeTaxesAndTaxCredits | 548us-gaap_DeferredIncomeTaxesAndTaxCredits |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable | (6,008)us-gaap_IncreaseDecreaseInReceivables | (4,436)us-gaap_IncreaseDecreaseInReceivables |
| Inventories | (4,928)us-gaap_IncreaseDecreaseInInventories | 1,480us-gaap_IncreaseDecreaseInInventories |
| Prepaid expenses and other current assets | 153us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (297)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Other assets | (3,325)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (6,123)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable and accrued expenses | 4,871us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (7,400)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Customer advances on uncompleted contracts | 5,954us-gaap_IncreaseDecreaseInCustomerAdvances | 1,909us-gaap_IncreaseDecreaseInCustomerAdvances |
| Related parties | (3,961)us-gaap_IncreaseDecreaseInDueToRelatedParties | (5,541)us-gaap_IncreaseDecreaseInDueToRelatedParties |
| Other current liabilities | 5,463us-gaap_IncreaseDecreaseInOtherCurrentLiabilities | 2,375us-gaap_IncreaseDecreaseInOtherCurrentLiabilities |
| CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 5,339us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | (11,381)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Proceeds from sale of investments | 49us-gaap_ProceedsFromSaleOfShortTermInvestments | 59us-gaap_ProceedsFromSaleOfShortTermInvestments |
| Purchase of investments | (197)us-gaap_PaymentsToAcquireInvestments | (409)us-gaap_PaymentsToAcquireInvestments |
| Acquisition of property and equipment | (4,769)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,185)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| CASH USED IN INVESTING ACTIVITIES | (4,917)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (1,535)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from debt | 22,255us-gaap_ProceedsFromNotesPayable | 23,229us-gaap_ProceedsFromNotesPayable |
| Proceeds from the sale of common stock | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 1,000us-gaap_ProceedsFromIssuanceOfCommonStock |
| Repayments of debt | (21,767)us-gaap_RepaymentsOfNotesPayable | (16,530)us-gaap_RepaymentsOfNotesPayable |
| Proceeds From Merger | 0tgls_ProceedsFromMerger | 22,519tgls_ProceedsFromMerger |
| CASH PROVIDED BY FINANCING ACTIVITIES | 488us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | 30,218us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Effect of exchange rate changes on cash and cash equivalents | 292us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 100us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| NET INCREASE IN CASH | 1,202us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 17,402us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash - Beginning of period | 15,930us-gaap_CashAndCashEquivalentsAtCarryingValue | 2,866us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash - End of period | 17,132us-gaap_CashAndCashEquivalentsAtCarryingValue | 20,268us-gaap_CashAndCashEquivalentsAtCarryingValue |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Interest | 1,385us-gaap_InterestPaid | 1,469us-gaap_InterestPaid |
| Taxes | 0us-gaap_IncomeTaxesPaidNet | 0us-gaap_IncomeTaxesPaidNet |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Assets acquired under capital lease | $ 9,100tgls_AssetsAcquiredUnderCapitalLease | $ 55tgls_AssetsAcquiredUnderCapitalLease |
| X | ||||||||||
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- Definition
Represents the fair value of assets acquired in noncash investing or financing activities. No definition available.
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- Definition
The cash inflow from an entity associated with business combinations. No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations to be paid to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entities' management; an entity and its principal owners, management, or member of their immediate families; affiliates; or other parties with the ability to exert significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other current operating liabilities not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from sales of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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