Unaudited Supplemental Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 29, 2012

Unaudited Supplemental Consolidating Financial Statements [Abstract]

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	496,810		$	7,148		$	(7,148	)	$	496,810
Cost of sales		—			436,279			—			—			436,279
Gross profit		—			60,531			7,148			(7,148	)		60,531
Operating expenses (other income):
Selling, general and administrative		(8,095	)		63,399			—			(7,148	)		48,156
Depreciation and amortization		—			1,228			878			—			2,106
Total operating expenses		(8,095	)		64,627			878			(7,148	)		50,262
Operating (loss) income		8,095			(4,096	)		6,270			—			10,269
Non-operating expenses:
Interest expense		—			3,205			4,089			—			7,294
Other income, net		—			(11	)		(5	)		—			(16	)
Income (loss) income before provision for (benefit from) income taxes		8,095			(7,290	)		2,186			—			2,991
Provision for (benefit from) income taxes		349			(426	)		—			—			(77	)
Equity in loss of subsidiaries		(4,678	)		—			—			4,678			—
Net income (loss)	$	3,068		$	(6,864	)	$	2,186		$	4,678		$	3,068

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	472,898		$	7,429		$	(7,429	)	$	472,898
Cost of sales		—			414,620			—			—			414,620
Gross profit		—			58,278			7,429			(7,429	)		58,278
Operating expenses (other income):
Selling, general and administrative		1,025			61,888			(947	)		(7,429	)		54,537
Depreciation and amortization		—			1,616			943			—			2,559
Total operating expenses		1,025			63,504			(4	)		(7,429	)		57,096
Operating (loss) income		(1,025	)		(5,226	)		7,433			—			1,182
Non-operating expenses:
Interest expense		—			2,700			4,263			—			6,963
Other (income) expense, net		(7	)		340			—			—			333
(Loss) income before (benefit from) provision for income taxes		(1,018	)		(8,266	)		3,170			—			(6,114	)
(Benefit from) provision for income taxes		(300	)		394			—			—			94
Equity in loss of subsidiaries		(5,490	)		—			—			5,490			—
Net (loss) income	$	(6,208	)	$	(8,660	)	$	3,170		$	5,490		$	(6,208	)

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,467,544		$	21,443		$	(21,443	)	$	1,467,544
Cost of sales		—			1,289,593			—			—			1,289,593
Gross profit		—			177,951			21,443			(21,443	)		177,951
Operating expenses (other income):
Selling, general and administrative		(6,386	)		189,597			(410	)		(21,443	)		161,358
Depreciation and amortization		—			3,907			2,646			—			6,553
Total operating expenses		(6,386	)		193,504			2,236			(21,443	)		167,911
Operating income (loss)		6,386			(15,553	)		19,207			—			10,040
Non-operating expenses:
Interest expense		—			9,106			12,295			—			21,401
Other income, net		—			(18	)		(11	)		—			(29	)
Income (loss) before provision for (benefit from) income taxes		6,386			(24,641	)		6,923			—			(11,332	)
Provision for (benefit from) income taxes		451			(126	)		—			—			325
Equity in loss of subsidiaries		(17,592	)		—			—			17,592			—
Net (loss) income	$	(11,657	)	$	(24,515	)	$	6,923		$	17,592		$	(11,657	)

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,364,313		$	22,286		$	(22,286	)	$	1,364,313
Cost of sales		—			1,202,121			—			—			1,202,121
Gross profit (loss)		—			162,192			22,286			(22,286	)		162,192
Operating expenses (other income):
Selling, general and administrative		4,030			186,185			(8,169	)		(22,286	)		159,760
Depreciation and amortization		—			5,263			2,857			—			8,120
Total operating expenses		4,030			191,448			(5,312	)		(22,286	)		167,880
Operating (loss) income		(4,030	)		(29,256	)		27,598			—			(5,688	)
Non-operating expenses:
Interest expense		—			9,992			13,762			—			23,754
Changes associated with the ineffective interest rate swap		—			(1,751	)		—			—			(1,751	)
Other expense (income), net		—			495			(10	)		—			485
(Loss) income before provision for (benefit from) income taxes		(4,030	)		(37,992	)		13,846			—			(28,176	)
Provision for (benefit from) income taxes		383			(244	)		—			—			139
Equity in loss of subsidiaries		(23,902	)		—			—			23,902			—
Net (loss) income	$	(28,315	)	$	(37,748	)	$	13,846		$	23,902		$	(28,315	)

Consolidating balance sheet

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash	$	28		$	7,846		$	—		$	—			7,874
Receivables		—			191,740			—			—			191,740
Inventories		—			220,252			—			—			220,252
Other current assets		25,883			18,357			898			—			45,138

Intercompany receivable		67,358			21,074			—			(88,432	)		—
Total current assets		93,269			459,269			898			(88,432	)		465,004
Property and equipment:
Land and land improvements		—			3,185			39,873			—			43,058
Buildings		—			10,214			83,856			—			94,070
Machinery and equipment		—			75,715			—			—			75,715
Construction in progress		—			1,036			—			—			1,036
Property and equipment, at cost		—			90,150			123,729			—			213,879
Accumulated depreciation		—			(73,191	)		(29,222	)		—			(102,413	)
Property and equipment, net		—			16,959			94,507			—			111,466
Investment in subsidiaries		(72,721	)		—			—			72,721			—
Non-current deferred income tax assets		—			382			—			—			382
Other non-current assets		—			11,646			6,923			—			18,569
Total assets	$	20,548		$	488,256		$	102,328		$	(15,711	)	$	595,421
Liabilities:
Current liabilities:
Accounts payable	$	962		$	80,614		$	—		$	—		$	81,576
Bank overdrafts		—			31,892			—			—			31,892
Accrued compensation		82			5,717			—			—			5,799
Current maturities of long-term debt		—			32,920			36,585			—			69,505

Deferred income taxes, net		—			382			—			—			382
Other current liabilities		—			10,605			1,239			—			11,844
Intercompany payable		21,074			67,358			—			(88,432	)		—
Total current liabilities		22,118			229,488			37,824			(88,432	)		200,998
Non-current liabilities:

Long-term debt		—			152,318			198,297			—			350,615
Other non-current liabilities		—			45,378			—			—			45,378
Total liabilities		22,118			427,184			236,121			(88,432	)		596,991
Stockholders’ (Deficit) Equity/Parent’s Investment		(1,570	)		61,072			(133,793	)		72,721			(1,570	)
Total liabilities and equity	$	20,548		$	488,256		$	102,328		$	(15,711	)	$	595,421

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash	$	27		$	4,871		$	—		$	—		$	4,898
Receivables		—			138,872			—			—			138,872
Inventories		—			185,577			—			—			185,577
Other current assets		498			17,882			8,761			—			27,141
Intercompany receivable		67,041			18,482			—			(85,523	)		—
Total current assets		67,566			365,684			8,761			(85,523	)		356,488
Property and equipment:
Land and land improvements		—			2.938			46,624			—			49,562
Buildings		—			10,463			85,189			—			95,652
Machinery and equipment		—			75,508			—			—			75,508
Construction in progress		—			741			—			—			741
Property and equipment, at cost		—			89,650			131,813			—			221,463
Accumulated depreciation		—			(70,426	)		(27,909	)		—			(98,335	)
Property and equipment, net		—			19,224			103,904			—			123,128
Investment in subsidiaries		(40,549	)		—			—			40,549			—
Non-current deferred tax assets, net		—			358			—			—			358
Other non-current assets		—			14,747			9,194			—			23,941
Total assets	$	27,017		$	400,013		$	121,859		$	(44,974	)	$	503,915
Liabilities:
Current liabilities:
Accounts payable	$	161		$	68,639		$	1,428		$	—			70,228
Bank overdrafts		—			22,364			—			—			22,364
Accrued compensation		—			4,496			—			—			4,496
Current maturities of long-term debt		—			—			9,046			—			9,046
Deferred income tax liabilities, net		—			382			—			—			382
Other current liabilities		—			15,205			1,353			—			16,558
Intercompany payable		18,482			67,041			—			(85,523	)		—
Total current liabilities		18,643			178,127			11,827			(85,523	)		123,074

Non-current liabilities:
Long-term debt		—			94,488			234,207			—			328,695
Other non-current liabilities		—			43,772			—			—			43,772
Total liabilities		18,643			316,387			246,034			(85,523	)		495,541
Stockholders’ equity/parent’s investment		8,374			83,626			(124,175	)		40,549			8,374
Total liabilities and equity	$	27,017		$	400,013		$	121,859		$	(44,974	)	$	503,915

Consolidating statement of cash flows

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(11,657	)	$	(24,515	)	$	6,923		$	17,592		$	(11,657	)
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:
Depreciation and amortization		—			3,907			2,646			—			6,553
Amortization of debt issuance costs		—			1,855			944			—			2,799
Gain from the sale of properties		—			—			(9,680	)		—			(9,680	)
Gain from property insurance settlement		—			—			(476	)		—			(476	)
Vacant property charges, net		—			(30	)		—			—			(30	)
Payments on modification of lease agreement		—			(5,875	)		—			—			(5,875	)
Deferred income tax benefit		—			(24	)		—			—			(24	)
Share-based compensation expense		430			1,667			—			—			2,097
Increase in restricted cash		—			(123	)		—			—			(123	)
Equity in earnings of subsidiaries		17,592			—			—			(17,592	)		—
Changes in assets and liabilities:
Receivables		—			(52,868	)		—			—			(52,868	)
Inventories		—			(34,675	)		—			—			(34,675	)
Accounts payable		801			11,975			—			—			12,776
Changes in other working capital		82			2,891			(114	)		—			2,859
Intercompany receivable		(317	)		(2,592	)		—			2,909			—
Intercompany payable		2,592			317			—			(2,909	)		—
Other		—			3,463			(1,813	)		—			1,650
Net cash provided by (used in) operating activities		9,523			(94,627	)		(1,570	)		—			(86,674	)
Cash flows from investing activities:
Investment in subsidiaries		(9,522	)		770			8,752			—			—
Property, plant and equipment investments		—			(2,490	)		—			—			(2,490	)
Proceeds from disposition of assets		—			144			18,417			—			18,561
Net cash (used in) provided by investing activities		(9,522	)		(1,576	)		27,169			—			16,071
Cash flows from financing activities:
Repurchase of shares to satisfy employee tax withholdings		—			(446	)		—			—			(446	)
Repayments on the revolving credit facilities		—			(345,674	)		—			—			(345,674	)
Borrowings from the revolving credit facilities		—			436,374			—			—			436,374
Payments of principal on mortgage		—			—			(8,370	)		—			(8,370	)
Payments on capital lease obligations		—			(604	)		—			—			(604	)
Increase in bank overdrafts		—			9,528			—			—			9,528
Increase in restricted cash related to the mortgage		—			—			(15,546	)		—			(15,546	)
Debt financing costs		—			—			(1,683	)		—			(1,683	)
Net cash provided by (used in) financing activities		—			99,178			(25,599	)		—			73,579
Increase in cash		1			2,975			—			—			2,976
Balance, beginning of period		27			4,871			—			—			4,898
Balance, end of period	$	28		$	7,846		$	—		$	—		$	7,874
Noncash transactions:
Capital leases	$	—		$	32		$	—		$	—		$	32

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(28,315	)	$	(37,748	)	$	13,846		$	23,902		$	(28,315	)
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:
Depreciation and amortization		—			5,413			2,707			—			8,120
Amortization of debt issuance costs		—			1,528			501			—			2,029
Gain from the sale of properties		—			—			(6,939	)		—			(6,939	)
Gain from property insurance settlement		—			—			(1,230	)		—			(1,230	)
Changes associated with the ineffective interest rate swap		—			(1,751	)		—			—			(1,751	)
Gain on modification of lease agreement		—			(1,971	)		—			—			(1,971	)
Deferred income tax benefit		—			(282	)		—			—			(282	)
Share-based compensation expense		366			1,212			—			—			1,578
Decrease (increase) in restricted cash		—			443			—			—			443
Equity in earnings of subsidiaries		23,902			—			—			(23,902	)		—
Changes in assets and liabilities:
Receivables		—			(65,535	)		—			—			(65,535	)
Inventories		—			(15,527	)		—			—			(15,527	)
Accounts payable		1,468			25,173			—			—			26,641
Changes in other working capital		53			2,835			(1,523	)		—			1,365
Intercompany receivable		(58,951	)		(2,822	)		—			61,773			—
Intercompany payable		2,803			58,970			—			(61,773	)		—
Other		495			(25	)		(2,909	)		—			(2,439	)
Net cash (used in) provided by operating activities		(58,179	)		(30,087	)		4,453			—			(83,813	)
Cash flows from investing activities:
Investment in subsidiaries		—			—			—			—			—
Property, plant and equipment investments		—			(5,767	)		—			—			(5,767	)
Proceeds from disposition of assets		—			—			8,994			—			8,994
Net cash (used in) provided by investing activities		—			(5,767	)		8,994			—			3,227
Cash flows from financing activities:
Net transactions with Parent		—			—			—			—			—
Repayments on the revolving credit facilities		—			(348,877	)		—			—			(348,877	)
Borrowings from the revolving credit facilities		—			370,112			—			—			370,112
Debt financing costs		—			(200	)		(2,447	)		—			(2,647	)
Payment of principal on mortgage		—			—			(38,724	)		—			(38,724	)
Payments on capital lease obligations		—			(1,224	)		—			—			(1,224	)
Increase in bank overdrafts		—			7,233			—			—			7,233
Increase in restricted cash related to the mortgage		—			—			27,724			—			27,724
Proceeds from stock rights offering less expenses paid		58,582			—			—			—			58,582
Net cash provided by (used in) financing activities		58,582			27,044			(13,447	)		—			72,179
Increase (decrease) in cash		403			(8,810	)		—			—			(8,407	)
Balance, beginning of period		384			13,913			—			—			14,297
Balance, end of period	$	787		$	5,103		$	—		$	—		$	5,890
Noncash transactions
Capital leases	$	—		$	3,147		$	—		$	—		$	3,147