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Note 13 - Supplemental Condensed Consolidating Guarantor Financial Statements (Tables) | 6 Months Ended
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Jun. 29, 2014
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 |  | $ | 170,896 |  |  | $ | 131,622 |  |  | $ | 0 |  |  | $ | (41,894 | ) |  | $ | 260,624 |
Cost of sales |  |  | 123,170 |  |  |  | 88,963 |  |  |  | 0 |  |  |  | (41,894 | ) |  |  | 170,239 |
Gross profit on sales |  |  | 47,726 |  |  |  | 42,659 |  |  |  | 0 |  |  |  | 0 |  |  |  | 90,385 |
Selling, general and administrative expenses |  |  | 29,845 |  |  |  | 30,215 |  |  |  | 5,982 |  |  |  | 0 |  |  |  | 66,042 |
Operating income (loss) |  |  | 17,881 |  |  |  | 12,444 |  |  |  | (5,982 | ) |  |  | 0 |  |  |  | 24,343 |
Interest/Other expense |  |  | 7,505 |  |  |  | 2,637 |  |  |  | (4,850 | ) |  |  | 0 |  |  |  | 5,292 |
Income (loss) before taxes on income and equity in income of subsidiaries |  |  | 10,376 |  |  |  | 9,807 |  |  |  | (1,132 | ) |  |  | 0 |  |  |  | 19,051 |
Income tax expense (benefit) |  |  | 3,257 |  |  |  | 3,078 |  |  |  | (355 | ) |  |  | 0 |  |  |  | 5,980 |
Equity in income (loss) of subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 13,848 |  |  |  | (13,848 | ) |  |  | 0 |
Net income (loss) |  | $ | 7,119 |  |  | $ | 6,729 |  |  | $ | 13,071 |  |  | $ | (13,848 | ) |  | $ | 13,071 |
|  | GUARANTOR SUBSIDIARIES |  |  | NON- GUARANTOR SUBSIDIARIES |  |  | INTERFACE, INC. (PARENT CORPORATION) |  |  | CONSOLIDATION AND ELIMINATION ENTRIES |  |  | CONSOLIDATED TOTALS |
|  | (In thousands) |
Net sales |  | $ | 306,845 |  |  | $ | 247,585 |  |  | $ | 0 |  |  | $ | (74,814 | ) |  | $ | 479,616 |
Cost of sales |  |  | 221,420 |  |  |  | 167,939 |  |  |  | 0 |  |  |  | (74,814 | ) |  |  | 314,545 |
Gross profit on sales |  |  | 85,425 |  |  |  | 79,646 |  |  |  | 0 |  |  |  | 0 |  |  |  | 165,071 |
Selling, general and administrative expenses |  |  | 56,143 |  |  |  | 58,482 |  |  |  | 14,076 |  |  |  | 0 |  |  |  | 128,701 |
Operating income (loss) |  |  | 29,282 |  |  |  | 21,164 |  |  |  | (14,076 | ) |  |  | 0 |  |  |  | 36,370 |
Interest/Other expense |  |  | 13,328 |  |  |  | 5,463 |  |  |  | (8,027 | ) |  |  | 0 |  |  |  | 10,764 |
Income (loss) before taxes on income and equity in income of subsidiaries |  |  | 15,954 |  |  |  | 15,701 |  |  |  | (6,049 | ) |  |  | 0 |  |  |  | 25,606 |
Income tax expense (benefit) |  |  | 5,410 |  |  |  | 5,353 |  |  |  | (2,253 | ) |  |  | 0 |  |  |  | 8,510 |
Equity in income (loss) of subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 20,892 |  |  |  | (20,892 | ) |  |  | 0 |
Net income (loss) |  | $ | 10,544 |  |  | $ | 10,348 |  |  | $ | 17,096 |  |  | $ | (20,892 | ) |  | $ | 17,096 |
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 (loss) |  | $ | 7,119 |  |  | $ | 6,729 |  |  | $ | 13,071 |  |  | $ | (13,848 | ) |  | $ | 13,071 |
Currency Translation Adjustment |  |  | 227 |  |  |  | 965 |  |  |  | (114 | ) |  |  | 0 |  |  |  | 1,078 |
Pension Liability Adjustment |  |  | 0 |  |  |  | (820 | ) |  |  | 44 |  |  |  | 0 |  |  |  | (776 | )
Comprehensive Income (Loss) |  | $ | 7,346 |  |  | $ | 6,874 |  |  | $ | 13,001 |  |  | $ | (13,848 | ) |  | $ | 13,373 |
|  | GUARANTOR SUBSIDIARIES |  |  | NON- GUARANTOR SUBSIDIARIES |  |  | INTERFACE, INC. (PARENT CORPORATION) |  |  | CONSOLIDATION AND ELIMINATION ENTRIES |  |  | CONSOLIDATED TOTAL |
|  | (In thousands) |
Net Income (loss) |  | $ | 10,544 |  |  | $ | 10,348 |  |  | $ | 17,096 |  |  | $ | (20,892 | ) |  | $ | 17,096 |
Currency Translation Adjustment |  |  | 299 |  |  |  | 3,874 |  |  |  | 9 |  |  |  | 0 |  |  |  | 4,182 |
Pension Liability Adjustment |  |  | 0 |  |  |  | (1,301 | ) |  |  | 88 |  |  |  | 0 |  |  |  | (1,213 | )
Comprehensive Income (Loss) |  | $ | 10,843 |  |  | $ | 12,921 |  |  | $ | 17,193 |  |  | $ | (20,892 | ) |  | $ | 20,065 |
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 |  | $ | 1,757 |  |  | $ | 32,984 |  |  | $ | 15,271 |  |  | $ | 0 |  |  | $ | 50,012 |
Accounts receivable |  |  | 60,684 |  |  |  | 88,755 |  |  |  | 488 |  |  |  | 0 |  |  |  | 149,927 |
Inventories |  |  | 84,292 |  |  |  | 88,160 |  |  |  | 0 |  |  |  | 0 |  |  |  | 172,452 |
Prepaids and deferred income taxes |  |  | 5,818 |  |  |  | 22,124 |  |  |  | 6,305 |  |  |  | 0 |  |  |  | 34,247 |
Total current assets |  |  | 152,551 |  |  |  | 232,023 |  |  |  | 22,064 |  |  |  | 0 |  |  |  | 406,638 |
Property and equipment less accumulated depreciation |  |  | 87,658 |  |  |  | 151,694 |  |  |  | 2,780 |  |  |  | 0 |  |  |  | 242,132 |
Investment in subsidiaries |  |  | 565,103 |  |  |  | 207,885 |  |  |  | (75,108 | ) |  |  | (697,880 | ) |  |  | 0 |
Goodwill |  |  | 6,542 |  |  |  | 71,141 |  |  |  | 0 |  |  |  | 0 |  |  |  | 77,683 |
Other assets |  |  | 1,870 |  |  |  | 10,783 |  |  |  | 84,377 |  |  |  | 0 |  |  |  | 97,030 |
|  | $ | 813,724 |  |  | $ | 673,526 |  |  | $ | 34,113 |  |  | $ | (697,880 | ) |  | $ | 823,483 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 44,494 |  |  | $ | 75,705 |  |  | $ | 15,315 |  |  | $ | 0 |  |  | $ | 135,514 |
Senior notes |  |  | 0 |  |  |  | 0 |  |  |  | 247,500 |  |  |  | 0 |  |  |  | 247,500 |
Long term debt |  |  | 0 |  |  |  | 31,513 |  |  |  | 0 |  |  |  | 0 |  |  |  | 31,513 |
Deferred income taxes |  |  | 0 |  |  |  | 18,840 |  |  |  | (2,383 | ) |  |  | 0 |  |  |  | 16,457 |
Other |  |  | 26 |  |  |  | 8,566 |  |  |  | 25,942 |  |  |  | 0 |  |  |  | 34,534 |
Total liabilities |  |  | 44,520 |  |  |  | 134,624 |  |  |  | 286,374 |  |  |  | 0 |  |  |  | 465,518 |
Common stock |  |  | 94,145 |  |  |  | 102,199 |  |  |  | 6,648 |  |  |  | (196,344 | ) |  |  | 6,648 |
Additional paid-in capital |  |  | 249,302 |  |  |  | 12,525 |  |  |  | 375,682 |  |  |  | (261,827 | ) |  |  | 375,682 |
Retained earnings (deficit) |  |  | 427,920 |  |  |  | 475,116 |  |  |  | (625,994 | ) |  |  | (239,709 | ) |  |  | 37,333 |
Foreign currency translation adjustment |  |  | (2,163 | ) |  |  | (18,183 | ) |  |  | (6,057 | ) |  |  | 0 |  |  |  | (26,403 | )
Pension liability |  |  | 0 |  |  |  | (32,755 | ) |  |  | (2,540 | ) |  |  | 0 |  |  |  | (35,295 | )
|  | $ | 813,724 |  |  | $ | 673,526 |  |  | $ | 34,113 |  |  | $ | (697,880 | ) |  | $ | 823,483 |
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 (used in) operating activities |  | $ | (11,248 | ) |  | $ | 11,750 |  |  | $ | 6,059 |  |  | $ | (5,757 | ) |  | $ | 804 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase of plant and equipment |  |  | (11,993 | ) |  |  | (15,236 | ) |  |  | (201 | ) |  |  | 5,413 |  |  |  | (22,017 | )
Other |  |  | (212 | ) |  |  | (612 | ) |  |  | (834 | ) |  |  | 0 |  |  |  | (1,658 | )
Net cash provided by (used in) investing activities |  |  | (12,205 | ) |  |  | (15,848 | ) |  |  | (1,035 | ) |  |  | 5,413 |  |  |  | (23,675 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowing of long term debt |  |  | 0 |  |  |  | 3,663 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,663 |
Other |  |  | 22,715 |  |  |  | (19,462 | ) |  |  | (3,597 | ) |  |  | 344 |  |  |  | 0 |
Proceeds from issuance of common stock |  |  | 0 |  |  |  | 0 |  |  |  | 159 |  |  |  | 0 |  |  |  | 159 |
Dividends paid |  |  | 0 |  |  |  | 0 |  |  |  | (3,989 | ) |  |  | 0 |  |  |  | (3,989 | )
Net cash provided by (used in) financing activities |  |  | 22,715 |  |  |  | (15,799 | ) |  |  | (7,427 | ) |  |  | 344 |  |  |  | (167 | )
Effect of exchange rate change on cash |  |  | 0 |  |  |  | 167 |  |  |  | 0 |  |  |  | 0 |  |  |  | 167 |
Net increase (decrease) in cash |  |  | (738 | ) |  |  | (19,730 | ) |  |  | (2,403 | ) |  |  | 0 |  |  |  | (22,871 | )
Balance at Beginning of Period |  |  | 2,495 |  |  |  | 52,714 |  |  |  | 17,674 |  |  |  | 0 |  |  |  | 72,883 |
Balance at End of Period |  | $ | 1,757 |  |  | $ | 32,984 |  |  | $ | 15,271 |  |  | $ | 0 |  |  | $ | 50,012 |

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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=36458714&loc=d3e526-108580 + Details
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