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Note 14 - Supplemental Condensed Consolidating Guarantor Financial Statements (Tables) | 9 Months Ended
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Sep. 28, 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 |  | $ | 165,513 |  |  | $ | 124,193 |  |  | $ | 0 |  |  | $ | (37,515 | ) |  | $ | 252,191 |
Cost of sales |  |  | 122,076 |  |  |  | 84,035 |  |  |  | 0 |  |  |  | (37,515 | ) |  |  | 168,596 |
Gross profit on sales |  |  | 43,437 |  |  |  | 40,158 |  |  |  | 0 |  |  |  | 0 |  |  |  | 83,595 |
Selling, general and administrative expenses |  |  | 27,925 |  |  |  | 29,952 |  |  |  | 6,081 |  |  |  | 0 |  |  |  | 63,958 |
Restructuring and asset impairment charge |  |  | 4,592 |  |  |  | 7,794 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12,386 |
Operating income (loss) |  |  | 10,920 |  |  |  | 2,412 |  |  |  | (6,081 | ) |  |  | 0 |  |  |  | 7,251 |
Interest/other expense |  |  | 7,120 |  |  |  | 3,217 |  |  |  | (3,792 | ) |  |  | 0 |  |  |  | 6,545 |
Income (loss) before taxes on income and equity in income of subsidiaries |  |  | 3,800 |  |  |  | (805 | ) |  |  | (2,289 | ) |  |  | 0 |  |  |  | 706 |
Income tax expense (benefit) |  |  | 5,824 |  |  |  | (1,234 | ) |  |  | (3,508 | ) |  |  | 0 |  |  |  | 1,082 |
Equity in income (loss) of subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | (1,595 | ) |  |  | 1,595 |  |  |  | 0 |
Net income (loss) |  | $ | (2,024 | ) |  | $ | 429 |  |  | $ | (376 | ) |  | $ | 1,595 |  |  | $ | (376 | )
|  | GUARANTOR SUBSIDIARIES |  |  | NON- GUARANTOR SUBSIDIARIES |  |  | INTERFACE, INC. (PARENT CORPORATION) |  |  | CONSOLIDATION AND ELIMINATION ENTRIES |  |  | CONSOLIDATED TOTALS |
|  | (I n thousands) |
Net sales |  | $ | 472,358 |  |  | $ | 371,778 |  |  | $ | 0 |  |  | $ | (112,329 | ) |  | $ | 731,807 |
Cost of sales |  |  | 343,496 |  |  |  | 251,974 |  |  |  | 0 |  |  |  | (112,329 | ) |  |  | 483,141 |
Gross profit on sales |  |  | 128,862 |  |  |  | 119,804 |  |  |  | 0 |  |  |  | 0 |  |  |  | 248,666 |
Selling, general and administrative expenses |  |  | 84,068 |  |  |  | 88,434 |  |  |  | 20,157 |  |  |  | 0 |  |  |  | 192,659 |
Restructuring and asset impairment charge |  |  | 4,592 |  |  |  | 7,794 |  |  |  | 0 |  |  |  | 0 |  |  |  | 12,386 |
Operating income (loss) |  |  | 40,202 |  |  |  | 23,576 |  |  |  | (20,157 | ) |  |  | 0 |  |  |  | 43,621 |
Interest/other expense |  |  | 20,448 |  |  |  | 8,680 |  |  |  | (11,819 | ) |  |  | 0 |  |  |  | 17,309 |
Income (loss) before taxes on income and equity in income of subsidiaries |  |  | 19,754 |  |  |  | 14,896 |  |  |  | (8,338 | ) |  |  | 0 |  |  |  | 26,312 |
Income tax expense |  |  | 11,234 |  |  |  | 4,119 |  |  |  | (5,761 | ) |  |  | 0 |  |  |  | 9,592 |
Equity in income (loss) of subsidiaries |  |  | 0 |  |  |  | 0 |  |  |  | 19,297 |  |  |  | (19,297 | ) |  |  | 0 |
Net income (loss) |  | $ | 8,520 |  |  | $ | 10,777 |  |  | $ | 16,720 |  |  | $ | (19,297 | ) |  | $ | 16,720 |
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) |  | $ | (2,024 | ) |  | $ | 429 |  |  | $ | (376 | ) |  | $ | 1,595 |  |  | $ | (376 | )
Currency Translation Adjustment |  |  | (270 | ) |  |  | (15,601 | ) |  |  | (120 | ) |  |  | 0 |  |  |  | (15,991 | )
Pension Liability Adjustment |  |  | 0 |  |  |  | 2,006 |  |  |  | 43 |  |  |  | 0 |  |  |  | 2,049 |
Comprehensive Income (Loss) |  | $ | (2,294 | ) |  | $ | 13,166 |  |  | $ | (453 | ) |  | $ | 1,595 |  |  | $ | (14,318 | )
|  | GUARANTOR SUBSIDIARIES |  |  | NON- GUARANTOR SUBSIDIARIES |  |  | INTERFACE, INC. (PARENT CORPORATION) |  |  | CONSOLIDATION AND ELIMINATION ENTRIES |  |  | CONSOLIDATED TOTAL |
|  | (In thousands) |
Net Income (Loss) |  | $ | 8,520 |  |  | $ | 10,777 |  |  | $ | 16,720 |  |  | $ | (19,297 | ) |  | $ | 16,720 |
Currency Translation Adjustment |  |  | 29 |  |  |  | (11,727 | ) |  |  | (111 | ) |  |  | 0 |  |  |  | (11,809 | )
Pension Liability Adjustment |  |  | 0 |  |  |  | 705 |  |  |  | 131 |  |  |  | 0 |  |  |  | 836 |
Comprehensive Income (Loss) |  | $ | 8,549 |  |  | $ | (245 | ) |  | $ | 16,740 |  |  | $ | (19,297 | ) |  | $ | 5,747 |
Condensed Balance Sheet [Table Text Block] |
|  | GUARANTOR SUBSIDIARIES |  |  | NON-GUARANTOR SUBSIDIARIES |  |  | INTERFACE, INC. (PARENT CORPORATION) |  |  | CONSOLIDATION AND ELIMINATION ENTRIES |  |  | CONSOLIDATED TOTALS |
|  | (I n thousands) |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,874 |  |  | $ | 33,749 |  |  | $ | 32,840 |  |  | $ | 0 |  |  | $ | 68,463 |
Accounts receivable |  |  | 56,296 |  |  |  | 83,394 |  |  |  | 524 |  |  |  | 0 |  |  |  | 140,214 |
Inventories |  |  | 75,686 |  |  |  | 86,278 |  |  |  | 0 |  |  |  | 0 |  |  |  | 161,964 |
Prepaids and deferred income taxes |  |  | 5,451 |  |  |  | 22,558 |  |  |  | 5,380 |  |  |  | 0 |  |  |  | 33,389 |
Total current assets |  |  | 139,307 |  |  |  | 225,979 |  |  |  | 38,744 |  |  |  | 0 |  |  |  | 404,030 |
Property and equipment less accumulated depreciation |  |  | 86,344 |  |  |  | 147,334 |  |  |  | 2,711 |  |  |  | 0 |  |  |  | 236,389 |
Investment in subsidiaries |  |  | 579,844 |  |  |  | 207,421 |  |  |  | (90,979 | ) |  |  | (696,286 | ) |  |  | 0 |
Goodwill |  |  | 6,542 |  |  |  | 66,782 |  |  |  | 0 |  |  |  | 0 |  |  |  | 73,324 |
Other assets |  |  | 1,653 |  |  |  | 10,375 |  |  |  | 83,505 |  |  |  | 0 |  |  |  | 95,533 |
|  | $ | 813,690 |  |  | $ | 657,891 |  |  | $ | 33,981 |  |  | $ | (696,286 | ) |  | $ | 809,276 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 46,745 |  |  | $ | 78,931 |  |  | $ | 18,624 |  |  | $ | 0 |  |  | $ | 144,300 |
Senior notes |  |  | 0 |  |  |  | 0 |  |  |  | 247,500 |  |  |  | 0 |  |  |  | 247,500 |
Long term debt |  |  | 0 |  |  |  | 27,988 |  |  |  | 0 |  |  |  | 0 |  |  |  | 27,988 |
Deferred income taxes |  |  | 0 |  |  |  | 18,281 |  |  |  | (2,369 | ) |  |  | 0 |  |  |  | 15,912 |
Other |  |  | 35 |  |  |  | 6,954 |  |  |  | 25,882 |  |  |  | 0 |  |  |  | 32,871 |
Total liabilities |  |  | 46,780 |  |  |  | 132,154 |  |  |  | 289,637 |  |  |  | 0 |  |  |  | 468,571 |
Common stock |  |  | 94,145 |  |  |  | 102,199 |  |  |  | 6,645 |  |  |  | (196,344 | ) |  |  | 6,645 |
Additional paid-in capital |  |  | 249,302 |  |  |  | 12,525 |  |  |  | 375,401 |  |  |  | (261,827 | ) |  |  | 375,401 |
Retained earnings (deficit) |  |  | 425,896 |  |  |  | 475,546 |  |  |  | (629,028 | ) |  |  | (238,115 | ) |  |  | 34,299 |
Foreign currency translation adjustment |  |  | (2,433 | ) |  |  | (33,784 | ) |  |  | (6,177 | ) |  |  | 0 |  |  |  | (42,394 | )
Pension liability |  |  | 0 |  |  |  | (30,749 | ) |  |  | (2,497 | ) |  |  | 0 |  |  |  | (33,246 | )
|  | $ | 813,690 |  |  | $ | 657,891 |  |  | $ | 33,981 |  |  | $ | (696,286 | ) |  | $ | 809,276 |
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 |  | $ | 12,014 |  |  | $ | 19,367 |  |  | $ | 9,219 |  |  | $ | (5,703 | ) |  | $ | 34,897 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase of plant and equipment |  |  | (16,020 | ) |  |  | (21,250 | ) |  |  | (266 | ) |  |  | 5,413 |  |  |  | (32,123 | )
Other |  |  | 151 |  |  |  | (894 | ) |  |  | (1,207 | ) |  |  | 0 |  |  |  | (1,950 | )
Net cash used for investing activities |  |  | (15,869 | ) |  |  | (22,144 | ) |  |  | (1,473 | ) |  |  | 5,413 |  |  |  | (34,073 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowing of long-term debt |  |  | 0 |  |  |  | 1,877 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,877 |
Debt issuance costs |  |  | 0 |  |  |  | 0 |  |  |  | (106 | ) |  |  | 0 |  |  |  | (106 | )
Other |  |  | 3,234 |  |  |  | (17,538 | ) |  |  | 14,014 |  |  |  | 290 |  |  |  | 0 |
Proceeds from issuance of common stock |  |  | 0 |  |  |  | 0 |  |  |  | 159 |  |  |  | 0 |  |  |  | 159 |
Dividends paid |  |  | 0 |  |  |  | 0 |  |  |  | (6,647 | ) |  |  | 0 |  |  |  | (6,647 | )
Net cash provided by (used for) financing activities |  |  | 3,234 |  |  |  | (15,661 | ) |  |  | 7,420 |  |  |  | 290 |  |  |  | (4,717 | )
Effect of exchange rate change on cash |  |  | 0 |  |  |  | (527 | ) |  |  | 0 |  |  |  | 0 |  |  |  | (527 | )
Net increase (decrease) in cash |  |  | (621 | ) |  |  | (18,965 | ) |  |  | 15,166 |  |  |  | 0 |  |  |  | (4,420 | )
Cash at beginning of period |  |  | 2,495 |  |  |  | 52,714 |  |  |  | 17,674 |  |  |  | 0 |  |  |  | 72,883 |
Cash at end of period |  | $ | 1,874 |  |  | $ | 33,749 |  |  | $ | 32,840 |  |  | $ | 0 |  |  | $ | 68,463 |

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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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