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Note 21 - Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 29, 2013

Supplemental Guarantor Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net sales		$	638,338			$	474,601			$	0			$	(152,950	)		$	959,989
Cost of sales			465,369				306,461				0				(152,950	)			618,880
Gross profit on sales			172,969				168,140				0				0				341,109
Selling, general and administrative expenses			105,225				117,543				29,665				0				252,433
Gain related to Australia fire			0				(6,954	)			0				0				(6,954	)
Operating income (loss)			67,744				57,551				(29,665	)			0				95,630
Interest/other expense			28,343				10,068				(11,785	)			0				26,626
Income (loss) before taxes on income and equity in income of subsidiaries			39,401				47,483				(17,880	)			0				69,004
Income tax expense (benefit)			10,882				14,055				(4,188	)			0				20,749
Equity in income (loss) of subsidiaries			0				0				61,947				(61,947	)			0
Income (loss) from continuing operations			28,519				33,428				48,255				(61,947	)			48,255
Income (loss) from discontinued operations, net of tax			0				0				0				0				0
Net income (loss)		$	28,519			$	33,428			$	48,255			$	(61,947	)		$	48,255

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net sales		$	589,330			$	487,947			$	0			$	(145,257	)		$	932,020
Cost of sales			433,949				326,149				0				(145,257	)			614,841
Gross profit on sales			155,381				161,798				0				0				317,179
Selling, general and administrative expenses			94,266				117,922				19,170				0				231,358
Expenses related to Australia fire			0				1,677				71				0				1,748
Restructuring and asset impairment charges			1,143				18,032				250				0				19,425
Operating income (loss)			59,972				24,167				(19,491	)			0				64,648
Interest/other expense			29,368				12,923				(15,746	)			0				26,545
Income (loss) before taxes on income and equity in income of subsidiaries			30,604				11,244				(3,745	)			0				38,103
Income tax expense (benefit)			10,512				5,613				(921	)			0				15,204
Equity in income (loss) of subsidiaries			0				0				8,767				(8,767	)			0
Income (loss) from continuing operations			20,092				5,631				5,943				(8,767	)			22,899
Income (loss) from discontinued operations, net of tax			(16,956	)			0				0				0				(16,956	)
Net income (loss)		$	3,136			$	5,631			$	5,943			$	(8,767	)		$	5,943

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net sales		$	584,294			$	538,616			$	0			$	(169,865	)		$	953,045
Cost of sales			437,063				351,105				0				(169,865	)			618,303
Gross profit on sales			147,231				187,511				0				0				334,742
Selling, general and administrative expenses			89,874				127,128				26,285				0				243,287
Restructuring and asset impairment charges			609				5,061				85				0				5,755
Operating income (loss)			56,748				55,322				(26,370	)			0				85,700
Interest/Other expense			28,453				14,754				(16,417	)			0				26,790
Income (loss) before taxes on income and equity in income of subsidiaries			28,295				40,568				(9,953	)			0				58,910
Income tax expense (benefit)			9,992				14,117				(3,469	)			0				20,640
Equity in income (loss) of subsidiaries			0				0				45,205				(45,205	)			0
Income (loss) from continuing operations			18,303				26,451				38,721				(45,205	)			38,270
Income (loss) on discontinued operations, net of tax			1,106				(655	)			0				0				451
Net income (loss)		$	19,409			$	25,796			$	38,721			$	(45,205	)		$	38,721

Condensed Balance Sheet [Table Text Block]

		GUARANTOR SUBSIDIARIES				NON-GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents		$	2,495			$	52,714			$	17,674			$	0			$	72,883
Accounts receivable			57,321				73,991				624				0				131,936
Inventories			70,988				78,655				0				0				149,643
Prepaids and deferred income taxes			4,040				26,218				3,385				0				33,643
Total current assets			134,844				231,578				21,683				0				388,105
Property and equipment less accumulated depreciation			82,888				145,106				2,851				0				230,845
Investment in subsidiaries			556,734				222,753				(102,498	)			(676,989	)			0
Goodwill			6,542				71,399				0				0				77,941
Other assets			4,393				8,574				108,282				0				121,249
Total assets		$	785,401			$	679,410			$	30,318			$	(676,989	)		$	818,140
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:		$	27,034			$	99,062			$	4,091			$	0			$	130,187
Long term debt			0				26,326				0				0				26,326
Senior notes			0				0				247,500				0				247,500
Deferred income taxes			0				17,734				(2,685	)			0				15,049
Other			6				10,306				47,979				0				58,291
Total liabilities			27,040				153,428				296,885				0				477,353
Shareholders’ equity
Common stock			94,145				102,199				6,631				(196,344	)			6,631
Additional paid-in capital			249,302				12,525				374,597				(261,827	)			374,597
Retained earnings (deficit)			417,376				464,769				(639,101	)			(218,818	)			24,226
Foreign currency translation adjustment			(2,462	)			(22,057	)			(6,066	)			0				(30,585	)
Pension liability			0				(31,454	)			(2,628	)			0				(34,082	)
Total shareholders’ equity		$	758,361			$	525,982			$	(266,567	)		$	(676,989	)		$	340,787
		$	785,401			$	679,410			$	30,318			$	(676,989	)		$	818,140

		GUARANTOR SUBSIDIARIES				NON-GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
ASSETS
Current Assets:
Cash and cash equivalents		$	4,072			$	36,186			$	50,275			$	0			$	90,533
Accounts receivable			59,108				77,710				495				0				137,313
Inventories			64,134				77,042				0				0				141,176
Prepaids and deferred income taxes			4,274				43,979				13,376				0				61,629
Total current assets			131,588				234,917				64,146				0				430,651
Property and equipment less accumulated depreciation			75,692				86,760				3,273				0				165,725
Investment in subsidiaries			492,576				193,625				(149,980	)			(536,221	)			0
Goodwill			6,542				69,130				0				0				75,672
Other assets			1,911				9,190				106,218				0				117,319
Total assets		$	708,309			$	593,622			$	23,657			$	(536,221	)		$	789,367
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:		$	56,766			$	77,912			$	22,760			$	0			$	157,438
Senior notes			0				0				275,000				0				275,000
Deferred income taxes			0				10,815				(3,476	)			0				7,339
Other			3				7,006				46,879				0				53,888
Total liabilities			56,769				95,733				341,163				0				493,665
Shareholders’ equity
Common stock			81,844				102,199				6,606				(184,043	)			6,606
Additional paid-in capital			182,782				12,525				366,677				(195,307	)			366,677
Retained earnings (deficit)			388,857				431,341				(680,073	)			(156,871	)			(16,746	)
Foreign currency translation adjustment			(1,943	)			(16,691	)			(6,710	)			0				(25,344	)
Pension liability			0				(31,485	)			(4,006	)			0				(35,491	)
Total shareholders’ equity		$	651,540			$	497,889			$	(317,506	)		$	(536,221	)		$	295,702
		$	708,309			$	593,622			$	23,657			$	(536,221	)		$	789,367

Condensed Cash Flow Statement [Table Text Block]

		GUARANTOR SUBSIDIARIES				NON-GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net cash provided by operating activities		$	31,641			$	33,836			$	190			$	1,791			$	67,458
Cash flows from investing activities:
Purchase of plant and equipment			(20,526	)			(71,200	)			(125	)			0				(91,851	)
Cash received from insurance company			0				23,024				0				0				23,024
Other			(225	)			4,714				(1,415	)			0				3,074
Net cash used for investing activities			(20,751	)			(43,462	)			(1,540	)			0				(65,753	)
Cash flows from financing activities:
Borrowing of long term debt			0				26,326				0				0				26,326
Debt issuance costs			0				0				(1,308	)			0				(1,308	)
Premium paid to repurchase Senior Notes			0				0				(825	)			0				(825	)
Repurchase of Senior Notes			0				0				(35,610	)			0				(35,610	)
Other			(12,467	)			2,364				11,894				(1,791	)			0
Proceeds from issuance of common stock			0				0				1,881				0				1,881
Dividends paid			0				0				(7,283	)			0				(7,283	)
Net cash provided by (used for) financing activities			(12,467	)			28,690				(31,251	)			(1,791	)			(16,819	)
Effect of exchange rate change on cash			0				(2,536	)			0				0				(2,536	)
Net increase (decrease) in cash			(1,577	)			16,528				(32,601	)			0				(17,650	)
Cash, at beginning of period			4,072				36,186				50,275				0				90,533
Cash, at end of period		$	2,495			$	52,714			$	17,674			$	0			$	72,883

		GUARANTOR SUBSIDIARIES				NON-GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net cash provided by (used for) operating activities		$	50,653			$	7,142			$	(15,498	)		$	4,591			$	46,888
Cash flows from investing activities:
Purchase of plant and equipment			(16,752	)			(25,617	)			(59	)			0				(42,428	)
Other			473				(286	)			(2,816	)			0				(2,629	)
Net proceeds from sale of Bentley Prince Street			0				0				32,174				0				32,174
Cash received from insurance company			0				20,718				0				0				20,718
Net cash provided by (used for) investing activities			(16,279	)			(5,185	)			29,299				0				7,835
Cash flows from financing activities:
Repurchase of senior subordinated notes			0				0				(11,477	)			0				(11,477	)
Proceeds from issuance of common stock			0				0				1,496				0				1,496
Dividends paid			0				0				(5,925	)			0				(5,925	)
Other			(31,545	)			(2,584	)			38,720				(4,591	)			0
Net cash provided by (used for) financing activities			(31,545	)			(2,584	)			22,814				(4,591	)			(15,906	)
Effect of exchange rate change on cash			153				939				0				0				1,092
Net increase (decrease) in cash			2,982				312				36,615				0				39,909
Cash, at beginning of year			1,090				35,874				13,660				0				50,624
Cash, at end of year		$	4,072			$	36,186			$	50,275			$	0			$	90,533

		GUARANTOR SUBSIDIARIES				NON-GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTALS
		(in thousands)
Net cash provided by (used for) operating activities		$	(7,196	)		$	27,970			$	5,113			$	(1,523	)		$	24,364
Cash flows from investing activities:
Purchase of plant and equipment			(14,987	)			(23,013	)			(50	)			0				(38,050	)
Other			51				(1,080	)			(537	)			0				(1,566	)
Net cash used for investing activities			(14,936	)			(24,093	)			(587	)			0				(39,616	)
Cash flows from financing activities:
Proceeds from issuance of common stock			0				0				2,669				0				2,669
Dividends paid			0				0				(5,227	)			0				(5,227	)
Other			22,147				(838	)			(23,857	)			1,523				(1,025	)
Net cash provided by (used for) financing activities			22,147				(838	)			(26,415	)			1,523				(3,583	)
Effect of exchange rate change on cash			0				234				0				0				234
Net increase (decrease) in cash			15				3,273				(21,889	)			0				(18,601	)
Cash, at beginning of year			1,075				32,601				35,549				0				69,225
Cash, at end of year		$	1,090			$	35,874			$	13,660			$	0			$	50,624

Comprehensive Income (Loss) [Table Text Block]

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTAL
		(in thousands)
Net Income		$	28,519			$	33,428			$	48,255			$	(61,947	)		$	48,255
Currency Translation Adjustment			(519	)			(5,366	)			644				0				(5,241	)
Pension Liability Adjustment			0				31				1,378				0				1,409
Comprehensive Income (Loss)		$	28,000			$	28,093			$	50,277			$	(61,947	)		$	44,423

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTAL
		(in thousands)
Net Income		$	3,136			$	5,631			$	5,943			$	(8,767	)		$	5,943
Currency Translation Adjustment			(244	)			8,438				345				0				8,539
Pension Liability Adjustment			0				1,779				(1,008	)			0				771
Comprehensive Income (Loss)		$	2,892			$	15,848			$	5,280			$	(8,767	)		$	15,253

		GUARANTOR SUBSIDIARIES				NON- GUARANTOR SUBSIDIARIES				INTERFACE, INC. (PARENT CORPORATION)				CONSOLIDATION AND ELIMINATION ENTRIES				CONSOLIDATED TOTAL
		(in thousands)
Net Income		$	19,409			$	25,796			$	38,721			$	(45,205	)		$	38,721
Currency Translation Adjustment			(250	)			(6,782	)			(582	)			0				(7,614	)
Pension Liability Adjustment			0				(5,735	)			669				0				(5,066	)
Comprehensive Income (Loss)		$	19,159			$	13,279			$	38,808			$	(45,205	)		$	26,041

X

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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 220

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e526-108580

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Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

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Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

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