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Supplemental Guarantor Condensed Consolidating Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Schedule of Condensed Balance Sheet | Supplemental Guarantor Condensed Financial Statements Consolidating Balance Sheet (dollars in thousands)
|  | June 30, 2012
|  | Parent |  | Guarantor |  | Non- Guarantor |  | Eliminations |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 8,980 |  |  | $ | 20,300 |  |  | $ | — |  |  | $ | 29,280 |
Trade receivables, net |  | — |  |  | 154,820 |  |  | 31,900 |  |  | — |  |  | 186,720 |
Receivables, intercompany |  | — |  |  | 2,170 |  |  | — |  |  | (2,170 | ) |  | — |
Inventories |  | — |  |  | 179,490 |  |  | 34,540 |  |  | — |  |  | 214,030 |
Deferred income taxes |  | — |  |  | 17,540 |  |  | 970 |  |  | — |  |  | 18,510 |
Prepaid expenses and other current assets |  | — |  |  | 9,140 |  |  | 2,410 |  |  | — |  |  | 11,550 |
Total current assets |  | — |  |  | 372,140 |  |  | 90,120 |  |  | (2,170 | ) |  | 460,090 |
Investments in subsidiaries |  | 484,290 |  |  | 144,610 |  |  | — |  |  | (628,900 | ) |  | — |
Property and equipment, net |  | — |  |  | 112,450 |  |  | 60,760 |  |  | — |  |  | 173,210 |
Goodwill |  | — |  |  | 203,900 |  |  | 45,770 |  |  | — |  |  | 249,670 |
Intangibles and other assets |  | 4,700 |  |  | 208,870 |  |  | 6,130 |  |  | (1,100 | ) |  | 218,600 |
Total assets |  | $ | 488,990 |  |  | $ | 1,041,970 |  |  | $ | 202,780 |  |  | $ | (632,170 | ) |  | $ | 1,101,570 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Current maturities, long-term debt |  | $ | — |  |  | $ | 2,320 |  |  | $ | 6,040 |  |  | $ | — |  |  | $ | 8,360 |
Accounts payable, trade |  | — |  |  | 138,150 |  |  | 31,520 |  |  | — |  |  | 169,670 |
Accounts payable, intercompany |  | — |  |  | — |  |  | 2,170 |  |  | (2,170 | ) |  | — |
Accrued liabilities |  | 850 |  |  | 56,580 |  |  | 10,240 |  |  | — |  |  | 67,670 |
Total current liabilities |  | 850 |  |  | 197,050 |  |  | 49,970 |  |  | (2,170 | ) |  | 245,700 |
Long-term debt |  | 196,920 |  |  | 215,540 |  |  | — |  |  | — |  |  | 412,460 |
Deferred income taxes |  | — |  |  | 60,530 |  |  | 5,220 |  |  | (1,100 | ) |  | 64,650 |
Other long-term liabilities |  | — |  |  | 59,070 |  |  | 2,980 |  |  | — |  |  | 62,050 |
Total liabilities |  | 197,770 |  |  | 532,190 |  |  | 58,170 |  |  | (3,270 | ) |  | 784,860 |
Redeemable noncontrolling interest |  | — |  |  | 25,490 |  |  | — |  |  | — |  |  | 25,490 |
Total shareholders' equity |  | 291,220 |  |  | 484,290 |  |  | 144,610 |  |  | (628,900 | ) |  | 291,220 |
Total liabilities and shareholders' equity |  | $ | 488,990 |  |  | $ | 1,041,970 |  |  | $ | 202,780 |  |  | $ | (632,170 | ) |  | $ | 1,101,570 |
Supplemental Guarantor Condensed Financial Statements Consolidating Balance Sheet (dollars in thousands)
|  | December 31, 2011
|  | Parent |  | Guarantor |  | Non- Guarantor |  | Eliminations |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 33,820 |  |  | $ | 55,100 |  |  | $ | — |  |  | $ | 88,920 |
Trade receivables, net |  | — |  |  | 105,030 |  |  | 30,580 |  |  | — |  |  | 135,610 |
Receivables, intercompany |  | — |  |  | 2,290 |  |  | — |  |  | (2,290 | ) |  | — |
Inventories |  | — |  |  | 147,010 |  |  | 31,020 |  |  | — |  |  | 178,030 |
Deferred income taxes |  | — |  |  | 17,280 |  |  | 1,230 |  |  | — |  |  | 18,510 |
Prepaid expenses and other current assets |  | — |  |  | 8,950 |  |  | 1,670 |  |  | — |  |  | 10,620 |
Total current assets |  | — |  |  | 314,380 |  |  | 119,600 |  |  | (2,290 | ) |  | 431,690 |
Investments in subsidiaries |  | 412,840 |  |  | 169,360 |  |  | — |  |  | (582,200 | ) |  | — |
Property and equipment, net |  | — |  |  | 103,880 |  |  | 55,330 |  |  | — |  |  | 159,210 |
Goodwill |  | — |  |  | 169,290 |  |  | 46,070 |  |  | — |  |  | 215,360 |
Intangibles and other assets |  | 7,920 |  |  | 169,020 |  |  | 6,350 |  |  | (3,010 | ) |  | 180,280 |
Total assets |  | $ | 420,760 |  |  | $ | 925,930 |  |  | $ | 227,350 |  |  | $ | (587,500 | ) |  | $ | 986,540 |
Liabilities and Shareholders' Equity |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Current maturities, long-term debt |  | $ | — |  |  | $ | 7,290 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,290 |
Accounts payable, trade |  | — |  |  | 115,150 |  |  | 31,780 |  |  | — |  |  | 146,930 |
Accounts payable, intercompany |  | — |  |  | — |  |  | 2,290 |  |  | (2,290 | ) |  | — |
Accrued liabilities |  | 1,080 |  |  | 58,660 |  |  | 10,400 |  |  | — |  |  | 70,140 |
Total current liabilities |  | 1,080 |  |  | 181,100 |  |  | 44,470 |  |  | (2,290 | ) |  | 224,360 |
Long-term debt |  | 245,890 |  |  | 216,720 |  |  | — |  |  | — |  |  | 462,610 |
Deferred income taxes |  | — |  |  | 61,580 |  |  | 6,210 |  |  | (3,010 | ) |  | 64,780 |
Other long-term liabilities |  | — |  |  | 53,690 |  |  | 7,310 |  |  | — |  |  | 61,000 |
Total liabilities |  | 246,970 |  |  | 513,090 |  |  | 57,990 |  |  | (5,300 | ) |  | 812,750 |
Total shareholders' equity |  | 173,790 |  |  | 412,840 |  |  | 169,360 |  |  | (582,200 | ) |  | 173,790 |
Total liabilities and shareholders' equity |  | $ | 420,760 |  |  | $ | 925,930 |  |  | $ | 227,350 |  |  | $ | (587,500 | ) |  | $ | 986,540 |
Schedule of Condensed Income Statement | Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Operations (dollars in thousands)
|  | Three Months Ended June 30, 2012
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net sales |  | $ | — |  |  | $ | 288,070 |  |  | $ | 66,450 |  |  | $ | (16,090 | ) |  | $ | 338,430 |
Cost of sales |  | — |  |  | (207,690 | ) |  | (50,940 | ) |  | 16,090 |  |  | (242,540 | )
Gross profit |  | — |  |  | 80,380 |  |  | 15,510 |  |  | — |  |  | 95,890 |
Selling, general and administrative expenses |  | — |  |  | (44,910 | ) |  | (7,800 | ) |  | — |  |  | (52,710 | )
Gain on dispositions of property and equipment |  | — |  |  | 10 |  |  | 10 |  |  | — |  |  | 20 |
Operating profit |  | — |  |  | 35,480 |  |  | 7,720 |  |  | — |  |  | 43,200 |
Other expense, net: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (6,200 | ) |  | (3,660 | ) |  | (440 | ) |  | — |  |  | (10,300 | )
Debt extinguishment costs |  | (6,560 | ) |  | — |  |  | — |  |  | — |  |  | (6,560 | )
Other, net |  | — |  |  | (590 | ) |  | (320 | ) |  | — |  |  | (910 | )
Income (loss) from continuing operations before income tax (expense) benefit and equity in net income of subsidiaries |  | (12,760 | ) |  | 31,230 |  |  | 6,960 |  |  | — |  |  | 25,430 |
Income tax (expense) benefit |  | 4,480 |  |  | (11,150 | ) |  | (1,590 | ) |  | — |  |  | (8,260 | )
Equity in net income of subsidiaries |  | 25,450 |  |  | 5,370 |  |  | — |  |  | (30,820 | ) |  | — |
Net income |  | 17,170 |  |  | 25,450 |  |  | 5,370 |  |  | (30,820 | ) |  | 17,170 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | 510 |  |  | — |  |  | — |  |  | 510 |
Net income attributable to TriMas Corporation |  | $ | 17,170 |  |  | $ | 24,940 |  |  | $ | 5,370 |  |  | $ | (30,820 | ) |  | $ | 16,660 |
Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Operations (dollars in thousands)
|  | Three Months Ended June 30, 2011
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net sales |  | $ | — |  |  | $ | 240,790 |  |  | $ | 59,410 |  |  | $ | (12,110 | ) |  | $ | 288,090 |
Cost of sales |  | — |  |  | (168,380 | ) |  | (43,530 | ) |  | 12,110 |  |  | (199,800 | )
Gross profit |  | — |  |  | 72,410 |  |  | 15,880 |  |  | — |  |  | 88,290 |
Selling, general and administrative expenses |  | — |  |  | (39,790 | ) |  | (7,680 | ) |  | — |  |  | (47,470 | )
Gain (loss) on dispositions of property and equipment |  | — |  |  | (60 | ) |  | 20 |  |  | — |  |  | (40 | )
Operating profit |  | — |  |  | 32,560 |  |  | 8,220 |  |  | — |  |  | 40,780 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (6,410 | ) |  | (4,600 | ) |  | (610 | ) |  | — |  |  | (11,620 | )
Debt extinguishment costs |  | — |  |  | (3,970 | ) |  | — |  |  | — |  |  | (3,970 | )
Other, net |  | — |  |  | (1,840 | ) |  | 1,290 |  |  | — |  |  | (550 | )
Income (loss) from continuing operations before income tax (expense) benefit and equity in net income of subsidiaries |  | (6,410 | ) |  | 22,150 |  |  | 8,900 |  |  | — |  |  | 24,640 |
Income tax (expense) benefit |  | 2,240 |  |  | (8,840 | ) |  | (2,030 | ) |  | — |  |  | (8,630 | )
Equity in net income of subsidiaries |  | 21,260 |  |  | 6,870 |  |  | — |  |  | (28,130 | ) |  | — |
Income from continuing operations |  | 17,090 |  |  | 20,180 |  |  | 6,870 |  |  | (28,130 | ) |  | 16,010 |
Income from discontinued operations, net of income taxes |  | — |  |  | 1,080 |  |  | — |  |  | — |  |  | 1,080 |
Net income |  | $ | 17,090 |  |  | $ | 21,260 |  |  | $ | 6,870 |  |  | $ | (28,130 | ) |  | $ | 17,090 |
Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Operations (dollars in thousands)
|  | Six Months Ended June 30, 2012
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net sales |  | $ | — |  |  | $ | 537,430 |  |  | $ | 127,650 |  |  | $ | (29,080 | ) |  | $ | 636,000 |
Cost of sales |  | — |  |  | (391,580 | ) |  | (98,700 | ) |  | 29,080 |  |  | (461,200 | )
Gross profit |  | — |  |  | 145,850 |  |  | 28,950 |  |  | — |  |  | 174,800 |
Selling, general and administrative expenses |  | — |  |  | (87,130 | ) |  | (16,050 | ) |  | — |  |  | (103,180 | )
Gain on dispositions of property and equipment |  | — |  |  | 320 |  |  | — |  |  | — |  |  | 320 |
Operating profit |  | — |  |  | 59,040 |  |  | 12,900 |  |  | — |  |  | 71,940 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (12,610 | ) |  | (7,510 | ) |  | (850 | ) |  | — |  |  | (20,970 | )
Debt extinguishment costs |  | (6,560 | ) |  | — |  |  | — |  |  | — |  |  | (6,560 | )
Other, net |  | — |  |  | (3,630 | ) |  | 1,080 |  |  | — |  |  | (2,550 | )
Income (loss) from continuing operations before income tax (expense) benefit and equity in net income of subsidiaries |  | (19,170 | ) |  | 47,900 |  |  | 13,130 |  |  | — |  |  | 41,860 |
Income tax (expense) benefit |  | 6,710 |  |  | (16,100 | ) |  | (3,050 | ) |  | — |  |  | (12,440 | )
Equity in net income of subsidiaries |  | 41,880 |  |  | 10,080 |  |  | — |  |  | (51,960 | ) |  | — |
Net income |  | 29,420 |  |  | 41,880 |  |  | 10,080 |  |  | (51,960 | ) |  | 29,420 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | 270 |  |  | — |  |  | — |  |  | 270 |
Net income attributable to TriMas Corporation |  | $ | 29,420 |  |  | $ | 41,610 |  |  | $ | 10,080 |  |  | $ | (51,960 | ) |  | $ | 29,150 |
Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Operations (dollars in thousands)
|  | Six Months Ended June 30, 2011
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net sales |  | $ | — |  |  | $ | 457,740 |  |  | $ | 111,090 |  |  | $ | (22,180 | ) |  | $ | 546,650 |
Cost of sales |  | — |  |  | (326,280 | ) |  | (82,440 | ) |  | 22,180 |  |  | (386,540 | )
Gross profit |  | — |  |  | 131,460 |  |  | 28,650 |  |  | — |  |  | 160,110 |
Selling, general and administrative expenses |  | — |  |  | (75,810 | ) |  | (15,200 | ) |  | — |  |  | (91,010 | )
Gain on dispositions of property and equipment |  | — |  |  | 10 |  |  | 20 |  |  | — |  |  | 30 |
Operating profit |  | — |  |  | 55,660 |  |  | 13,470 |  |  | — |  |  | 69,130 |
Other income (expense), net: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (12,830 | ) |  | (9,660 | ) |  | (1,150 | ) |  | — |  |  | (23,640 | )
Debt extinguishment costs |  | — |  |  | (3,970 | ) |  | — |  |  | — |  |  | (3,970 | )
Other, net |  | — |  |  | (4,410 | ) |  | 2,700 |  |  | — |  |  | (1,710 | )
Income (loss) from continuing operations before income tax (expense) benefit and equity in net income of subsidiaries |  | (12,830 | ) |  | 37,620 |  |  | 15,020 |  |  | — |  |  | 39,810 |
Income tax (expense) benefit |  | 4,490 |  |  | (12,480 | ) |  | (5,120 | ) |  | — |  |  | (13,110 | )
Equity in net income of subsidiaries |  | 37,180 |  |  | 9,900 |  |  | — |  |  | (47,080 | ) |  | — |
Income from continuing operations |  | 28,840 |  |  | 35,040 |  |  | 9,900 |  |  | (47,080 | ) |  | 26,700 |
Income from discontinued operations, net of income taxes |  | — |  |  | 2,140 |  |  | — |  |  | — |  |  | 2,140 |
Net income |  | $ | 28,840 |  |  | $ | 37,180 |  |  | $ | 9,900 |  |  | $ | (47,080 | ) |  | $ | 28,840 |
Schedule of Condensed Financial Statements | Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Comprehensive Income (dollars in thousands)
|  | Three Months Ended June 30, 2012
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net income |  | $ | 17,170 |  |  | $ | 25,450 |  |  | $ | 5,370 |  |  | $ | (30,820 | ) |  | $ | 17,170 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit plan deferred losses, net of tax |  | — |  |  | 60 |  |  | 30 |  |  | — |  |  | 90 |
Foreign currency translation |  | — |  |  | — |  |  | (4,870 | ) |  | — |  |  | (4,870 | )
Net changes in unrealized loss on derivative instruments, net of tax |  | — |  |  | (450 | ) |  | (60 | ) |  | — |  |  | (510 | )
Total other comprehensive loss |  | — |  |  | (390 | ) |  | (4,900 | ) |  | — |  |  | (5,290 | )
Total comprehensive income |  | 17,170 |  |  | 25,060 |  |  | 470 |  |  | (30,820 | ) |  | 11,880 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | 510 |  |  | — |  |  | — |  |  | 510 |
Total comprehensive income attributable to TriMas Corporation |  | $ | 17,170 |  |  | $ | 24,550 |  |  | $ | 470 |  |  | $ | (30,820 | ) |  | $ | 11,370 |
|  | Three Months Ended June 30, 2011
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net income |  | $ | 17,090 |  |  | $ | 21,260 |  |  | $ | 6,870 |  |  | $ | (28,130 | ) |  | $ | 17,090 |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit plan deferred losses, net of tax |  | — |  |  | 30 |  |  | 30 |  |  | — |  |  | 60 |
Foreign currency translation |  | — |  |  | — |  |  | 2,510 |  |  | — |  |  | 2,510 |
Net changes in unrealized loss on derivative instruments, net of tax |  | — |  |  | 80 |  |  | — |  |  | — |  |  | 80 |
Total other comprehensive income |  | — |  |  | 110 |  |  | 2,540 |  |  | — |  |  | 2,650 |
Total comprehensive income |  | $ | 17,090 |  |  | $ | 21,370 |  |  | $ | 9,410 |  |  | $ | (28,130 | ) |  | $ | 19,740 |
Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Comprehensive Income (dollars in thousands)
|  | Six Months Ended June 30, 2012
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net income |  | $ | 29,420 |  |  | $ | 41,880 |  |  | $ | 10,080 |  |  | $ | (51,960 | ) |  | $ | 29,420 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit plan deferred losses, net of tax |  | — |  |  | 120 |  |  | 90 |  |  | — |  |  | 210 |
Foreign currency translation |  | — |  |  | — |  |  | (360 | ) |  | — |  |  | (360 | )
Net changes in unrealized loss on derivative instruments, net of tax |  | — |  |  | (860 | ) |  | (60 | ) |  | — |  |  | (920 | )
Total other comprehensive loss |  | — |  |  | (740 | ) |  | (330 | ) |  | — |  |  | (1,070 | )
Total comprehensive income |  | 29,420 |  |  | 41,140 |  |  | 9,750 |  |  | (51,960 | ) |  | 28,350 |
Less: Net income attributable to noncontrolling interests |  | — |  |  | 270 |  |  | — |  |  | — |  |  | 270 |
Total comprehensive income attributable to TriMas Corporation |  | $ | 29,420 |  |  | $ | 40,870 |  |  | $ | 9,750 |  |  | $ | (51,960 | ) |  | $ | 28,080 |
|  | Six Months Ended June 30, 2011
|  | Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Net income |  | $ | 28,840 |  |  | $ | 37,180 |  |  | $ | 9,900 |  |  | $ | (47,080 | ) |  | $ | 28,840 |
Other comprehensive income |  |  |  |  |  |  |  |  |  |
Amortization of defined benefit plan deferred losses, net of tax |  | — |  |  | 60 |  |  | 50 |  |  | — |  |  | 110 |
Foreign currency translation |  | — |  |  | — |  |  | 7,350 |  |  | — |  |  | 7,350 |
Net changes in unrealized loss on derivative instruments, net of tax |  | — |  |  | 230 |  |  | — |  |  | — |  |  | 230 |
Total other comprehensive income |  | — |  |  | 290 |  |  | 7,400 |  |  | — |  |  | 7,690 |
Total comprehensive income |  | $ | 28,840 |  |  | $ | 37,470 |  |  | $ | 17,300 |  |  | $ | (47,080 | ) |  | $ | 36,530 |
Schedule of Condensed Cash Flow Statement | Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Cash Flows (dollars in thousands)
| Six Months Ended June 30, 2012
| Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net cash provided by (used for) operating activities | $ | (41,000 | ) |  | $ | 23,810 |  |  | $ | 12,310 |  |  | $ | — |  |  | (4,880 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (17,340 | ) |  | (9,300 | ) |  | — |  |  | (26,640 | )
Acquisition of businesses, net of cash acquired | — |  |  | (61,820 | ) |  | — |  |  | — |  |  | (61,820 | )
Net proceeds from disposition of assets | — |  |  | 2,770 |  |  | — |  |  | — |  |  | 2,770 |
Net cash used for investing activities | — |  |  | (76,390 | ) |  | (9,300 | ) |  | — |  |  | (85,690 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from sale of common stock in connection with the Company's equity offering, net of issuance costs | 79,040 |  |  | — |  |  | — |  |  | — |  |  | 79,040 |
Proceeds from borrowings on term loan facilities | — |  |  | — |  |  | 69,530 |  |  | — |  |  | 69,530 |
Repayments of borrowings on term loan facilities | — |  |  | (6,160 | ) |  | (62,990 | ) |  | — |  |  | (69,150 | )
Proceeds from borrowings on revolving credit facilities and accounts receivable facility | — |  |  | 412,900 |  |  | — |  |  | — |  |  | 412,900 |
Repayments of borrowings on revolving credit facilities and accounts receivable facility | — |  |  | (412,900 | ) |  | — |  |  | — |  |  | (412,900 | )
Retirement of 9¾% senior secured notes | (50,000 | ) |  | — |  |  | — |  |  | — |  |  | (50,000 | )
Senior secured notes redemption premium | (4,880 | ) |  | — |  |  | — |  |  | — |  |  | (4,880 | )
Distributions to noncontrolling interests | — |  |  | (410 | ) |  | — |  |  | — |  |  | (410 | )
Shares surrendered upon vesting of options and restricted stock awards to cover tax obligations | (990 | ) |  | — |  |  | — |  |  | — |  |  | (990 | )
Proceeds from exercise of stock options | 5,660 |  |  | — |  |  | — |  |  | — |  |  | 5,660 |
Excess tax benefits from stock based compensation | — |  |  | 2,130 |  |  | — |  |  | — |  |  | 2,130 |
Intercompany transfers (to) from subsidiaries | 12,170 |  |  | 32,180 |  |  | (44,350 | ) |  | — |  |  | — |
Net cash provided by (used for) financing activities | 41,000 |  |  | 27,740 |  |  | (37,810 | ) |  | — |  |  | 30,930 |
Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |
Decrease for the period | — |  |  | (24,840 | ) |  | (34,800 | ) |  | — |  |  | (59,640 | )
At beginning of period | — |  |  | 33,820 |  |  | 55,100 |  |  | — |  |  | 88,920 |
At end of period | $ | — |  |  | $ | 8,980 |  |  | $ | 20,300 |  |  | $ | — |  |  | $ | 29,280 |
Supplemental Guarantor Condensed Financial Statements Consolidating Statement of Cash Flows (dollars in thousands)
| Six Months Ended June 30, 2011
| Parent |  | Guarantor |  | Non-Guarantor |  | Eliminations |  | Consolidated Total
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net cash provided by (used for) operating activities | $ | (12,190 | ) |  | $ | (840 | ) |  | $ | 8,370 |  |  | $ | — |  |  | (4,660 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (9,490 | ) |  | (4,530 | ) |  | — |  |  | (14,020 | )
Net proceeds from disposition of assets | — |  |  | 1,640 |  |  | 20 |  |  | — |  |  | 1,660 |
Net cash used for investing activities | — |  |  | (7,850 | ) |  | (4,510 | ) |  | — |  |  | (12,360 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from borrowings on term loan facilities | — |  |  | 225,000 |  |  | 1,520 |  |  | — |  |  | 226,520 |
Repayments of borrowings on term loan facilities | — |  |  | (248,950 | ) |  | — |  |  | — |  |  | (248,950 | )
Proceeds from borrowings on revolving credit facilities and accounts receivable facility | — |  |  | 303,520 |  |  | — |  |  | — |  |  | 303,520 |
Repayments of borrowings on revolving credit facilities and accounts receivable facility | — |  |  | (297,600 | ) |  | — |  |  | — |  |  | (297,600 | )
Debt financing fees | — |  |  | (6,570 | ) |  | — |  |  | — |  |  | (6,570 | )
Shares surrendered upon vesting of options and restricted stock awards to cover tax obligations | (830 | ) |  | — |  |  | — |  |  | — |  |  | (830 | )
Proceeds from exercise of stock options | 830 |  |  | — |  |  | — |  |  | — |  |  | 830 |
Excess tax benefits from stock based compensation | — |  |  | 3,800 |  |  | — |  |  | — |  |  | 3,800 |
Intercompany transfers (to) from subsidiaries | 12,190 |  |  | 14,630 |  |  | (26,820 | ) |  | — |  |  | — |
Net cash provided by (used for) financing activities | 12,190 |  |  | (6,170 | ) |  | (25,300 | ) |  | — |  |  | (19,280 | )
Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |
Decrease for the period | — |  |  | (14,860 | ) |  | (21,440 | ) |  | — |  |  | (36,300 | )
At beginning of period | — |  |  | 15,070 |  |  | 31,300 |  |  | — |  |  | 46,370 |
At end of period | $ | — |  |  | $ | 210 |  |  | $ | 9,860 |  |  | $ | — |  |  | $ | 10,070 |

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