Supplemental Condensed Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 29, 2012

Unaudited Supplemental Consolidating Financial Statements [Abstract]

Schedule of condensed consolidating statement of operations

	BlueLinx Holdings			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,907,842		$	28,330		$	(28,330	)	$	1,907,842
Cost of sales		—			1,677,772			—			—			1,677,772
Gross profit		—			230,070			28,330			(28,330	)		230,070
Operating expenses (income):
Selling, general and administrative		3,940			250,098			(9,712	)		(28,330	)		215,996
Depreciation and amortization		—			5,040			3,525			—			8,565
Total operating expenses (income)		3,940			255,138			(6,187	)		(28,330	)		224,561
Operating (loss) income		(3,940	)		(25,068	)		34,517			—			5,509
Non-operating expenses:
Interest expense		—			12,159			15,998			—			28,157
Other expense (income), net		—			10			(17	)		—			(7	)
(Loss) income before (benefit from) provision for income taxes		(3,940	)		(37,237	)		18,536			—			(22,641	)
(Benefit from) provision for income taxes		386						—			—			386
Equity in (loss) income of subsidiaries		(18,701	)		—			—			18,701			—
Net (loss) income	$	(23,027	)	$	(37,237	)	$	18,536		$	18,701		$	(23,027	)

	BlueLinx Holdings			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,755,431		$	29,665		$	(29,665	)	$	1,755,431
Cost of sales		—			1,545,282			—			—			1,545,282
Gross profit		—			210,149			29,665			(29,665	)		210,149
Operating expenses (income):
Selling, general and administrative		3,728			244,398			(10,604	)		(29,665	)		207,857
Depreciation and amortization		—			6,790			3,772			—			10,562
Total operating expenses (income)		3,728			251,188			(6,832	)		(29,665	)		218,419
Operating (loss) income		(3,728	)		(41,039	)		36,497			—			(8,270	)
Non-operating expenses:
Interest expense		—			12,528			17,982			—			30,510
Changes associated with ineffective interest rate swap		—			(1,676	)		—			—			(1,676	)
Other expense (income), net		—			516			(15	)		—			501
(Loss) income before (benefit from) provision for income taxes		(3,728	)		(52,407	)		18,530			—			(37,605	)
(Benefit from) provision for income taxes		459			503			—			—			962
Equity in (loss) income of subsidiaries		(34,380	)		—			—			34,380			—
Net (loss) income	$	(38,567	)	$	(52,910	)	$	18,530		$	34,380		$	(38,567	)

	BlueLinx Holdings			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,804,418		$	29,825	$	(29,825	)	$	1,804,418
Cost of sales		—			1,593,745			—		—			1,593,745
Gross profit		—			210,673			29,825		(29,825	)		210,673
Operating expenses (income):
Selling, general and administrative		9,663			241,152			195		(29,825	)		221,185
Depreciation and amortization		—			9,524			3,841		—			13,365
Total operating expenses (income)		9,663			250,676			4,036		(29,825	)		234,550
Operating (loss) income		(9,663	)		(40,003	)		25,789		—			(23,877	)
Non-operating expenses:
Interest expense		—			14,780			19,008		—			33,788
Changes associated with ineffective interest rate swap		—			(4,603	)		—		—			(4,603	)
Write-off of debt issuance costs		—			183			—		—			183
Other expense, net		—			576			11		—			587
(Loss) income before (benefit from) provision for income taxes		(9,663	)		(50,939	)		6,770		—			(53,832	)
(Benefit from) provision for income taxes		107			(696	)		—		—			(589	)
Equity in (loss) income of subsidiaries		(43,473	)		—			—		43,473			—
Net (loss) income	$	(53,243	)	$	(50,243	)	$	6,770	$	43,473		$	(53,243	)

Schedule of condensed consolidating balance sheet

The condensed consolidating balance sheet for BlueLinx Holdings Inc. as of December 29, 2012 follows (in thousands):

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Assets:
Current assets:
Cash	$	28		$	5,160		$	—		$	—		$	5,188
Receivables		—			157,465			—			—			157,465
Inventories		—			230,059			—			—			230,059
Other current assets		1,596			17,790			41			—			19,427
Intercompany receivable		73,981			28,814			—			(102,795	)		—
Total current assets		75,605			439,288			41			(102,795	)		412,139
Property and equipment:
Land and land improvements		—			3,250			39,870			—			43,120
Buildings		—			10,213			83,857			—			94,070
Machinery and equipment		—			78,674			—			—			78,674
Construction in progress		—			1,173			—			—			1,173
Property and equipment, at cost		—			93,310			123,727			—			217,037
Accumulated depreciation		—			(71,583	)		(30,101	)		—			(101,684	)
Property and equipment, net		—			21,727			93,626			—			115,353
Investment in subsidiaries		(67,053	)		—			—			67,053			—
Non-current deferred income tax assets, net		—			445			—			—			445
Other non-current assets		—			10,646			6,153			—			16,799
Total assets	$	8,552		$	472,106		$	99,820		$	(35,742	)	$	544,736
Liabilities:
Current liabilities:
Accounts payable	$	203		$	77,257		$	390		$	—			77,850
Bank overdrafts		—			35,384			—			—			35,384
Accrued compensation		127			6,043			—			—			6,170
Current maturities of long-term debt		—			—			8,946			—			8,946
Deferred income tax liabilities, net		—			449			—			—			449
Other current liabilities		—			9,831			1,106			—			10,937
Intercompany payable		28,814			73,981			—			(102,795	)		—
Total current liabilities		29,144			202,945			10,442			(102,795	)		139,736
Non-current liabilities:
Long-term debt		—			171,412			197,034			—			368,446
Other non-current liabilities		—			57,146			—			—			57,146
Total liabilities		29,144			431,503			207,476			(102,795	)		565,328
Stockholders’ (deficit) equity/Parent’s Investment		(20,592	)		40,603			(107,656	)		67,053			(20,592	)
Total liabilities and (deficit) equity	$	8,552		$	472,106		$	99,820		$	(35,742	)	$	544,736

The condensed consolidating balance sheet for BlueLinx Holdings Inc. as of December 31, 2011 follows (in thousands):

	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 income 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 (deficit)/Parent’s Investment		8,374			83,626			(124,175	)		40,549			8,374
Total liabilities and equity (deficit)	$	27,017		$	400,013		$	121,859		$	(44,974	)	$	503,915

Schedule of condensed consolidating statement of cash flows

	BlueLinx Holdings Inc.			BlueLinx Corporation			LLC Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(23,027	)	$	(37,237	)	$	18,536		$	18,701		$	(23,027	)
Adjustments to reconcile net (loss) income to cash (used in) provided by operations:
Depreciation and amortization		—			5,040			3,525			—			8,565
Amortization of debt issue costs		—			2,471			1,275			—			3,746
Gain from sale of properties		—			—			(9,885	)		—			(9,885	)
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		—			(20	)		—			—			(20	)
Share-based compensation		528			2,269			—			—			2,797
Decrease in restricted cash related to the ineffective interest swap, insurance, and other		—			695			—			—			695
Equity (deficit) in earnings of subsidiaries		18,701			—			—			(18,701	)		—
Changes in assets and liabilities:
Receivables		—			(18,593	)		—			—			(18,593	)
Inventories		—			(44,482	)		—			—			(44,482	)
Accounts payable		42			8,619			389			—			9,050
Changes in other working capital		(971	)		1,751			942						1,722
Intercompany receivable		(6,940	)		(10,332	)		—			17,272			—
Intercompany payable		10,332			6,940			—			(17,272	)		—
Other		—			3,066			(1,503	)		—			1,563
Net cash (used in) provided by operating activities		(1,335	)		(85,718	)		12,803			—			(74,250	)
Cash flows from investing activities:
Investment in subsidiaries		1,862			154			(2,016	)		—			—
Property, plant and equipment investments		—			(2,826	)					—			(2,826	)
Proceeds from disposition of assets		—			997			18,198			—			19,195
Net cash provided by (used in) investing activities		1,862			(1,675	)		16,182			—			16,369
Cash flows from financing activities:
Repurchase of shares to satisfy employee tax withholdings		(526	)		—			—			—			(526	)
Repayments on revolving credit facilities		—			(473,349	)		—			—			(473,349	)
Borrowings on revolving credit facilities		—			550,270			—			—			550,270
Principal payments on mortgage		—			—			(37,272	)		—			(37,272	)
Payments on capital lease obligations		—			(2,259	)		—			—			(2,259	)
Increase in bank overdrafts		—			13,020			—			—			13,020
Decrease in restricted cash related to the mortgage		—			—			9,970			—			9,970
Debt financing costs		—			—			(1,683	)		—			(1,683	)
Net cash provided by (used in) financing activities		(526	)		87,682			(28,985	)		—			58,171
Increase in cash		1			289			—			—			290
Cash and cash equivalents balance, beginning of period		27			4,871			—			—			4,898
Cash and cash equivalents balance, end of period	$	28		$	5,160		$	—		$	—		$	5,188
Supplemental cash flow information:
Net income tax refunds (income taxes paid) during the period	$	—		$	37		$	(545	)	$	—		$	(508	)
Interest paid during the period	$	—		$	9,309		$	14,979		$	—		$	24,288

Noncash transactions:
Capital leases	$	—		$	5,238		$	—		$	—		$	5,238

	BlueLinx Holdings Inc.			BlueLinx Corporation			LLC Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(38,567	)	$	(52,910	)	$	18,530		$	34,380		$	(38,567	)
Adjustments to reconcile net (loss) income to cash provided by (used in) operations:
Depreciation and amortization		—			6,790			3,772			—			10,562
Amortization of debt issue costs		—			1,983			957			—			2,940
Gain from sale of properties		—			—			(10,604	)		—			(10,604	)
Gain from property insurance settlement		—			—			(1,230	)		—			(1,230	)
Changes associated with ineffective interest rate swap		—			(1,676	)		—			—			(1,676	)
Vacant property charges, net		—			(291	)		—			—			(291	)
Gain on modification of lease agreement		—			(1,971	)		—			—			(1,971	)
Deferred income tax benefit		—			(25	)		—			—			(25	)
Share-based compensation		—			1,602			372			—			1,974
Decrease in restricted cash related to the ineffective interest swap, insurance, and other		—			987			—			—			987
Equity in earnings of subsidiaries		34,380			—			—			(34,380	)		—
Changes in assets and liabilities:
Receivables		—			(19,670	)		—			—			(19,670	)
Inventories		—			2,673			—			—			2,673
Accounts payable		102			5,871			—			—			5,973
Changes in other working capital		167			530			172			(1,244	)		(375	)
Intercompany receivable		(9,829	)		(9,727	)		—			19,556			—
Intercompany payable		9,218			9,094			—			(18,312	)		—
Other		—			1,244			(2,276	)		—			(1,032	)
Net cash provided by (used in) operating activities		(4,529	)		(55,496	)		9,693			—			(50,332	)
Cash flows from investing activities:
Investment in subsidiaries		(54,349	)		55,209			(860	)		—			—
Property, plant and equipment investments		—			(3,203	)		(3,330	)		—			(6,533	)
Proceeds from sale of assets		—			504			17,851			—			18,355
Net cash (used in) provided by investing activities		(54,349	)		52,510			13,661			—			11,822
Cash flows from financing activities:
Repayments on revolving credit facilities		—			(478,630	)		—			—			(478,630	)
Borrowings on revolving credit facilities		—			475,918			—			—			475,918
Principal payments on mortgage		—			—			(42,416	)		—			(42,416	)
Payments on capital lease obligations		—			(1,440	)		—			—			(1,440	)
Decrease in bank overdrafts		—			(725	)		—			—			(725	)
Decrease in restricted cash related to the mortgage		—			—			20,604			—			20,604
Debt financing costs		—			(1,179	)		(1,542	)		—			(2,721	)
Proceeds from stock offering less expenses paid		58,521			—			—			—			58,521
Net cash provided by (used in) financing activities		58,521			(6,056	)		(23,354	)		—			29,111
Decrease in cash		(357	)		(9,042	)		—			—			(9,399	)
Cash and cash equivalents balance, beginning of period		384			13,913			—			—			14,297
Cash and cash equivalents balance, end of period	$	27		$	4,871		$	—		$	—		$	4,898
Supplemental cash flow information:
Net income tax refunds (income taxes paid) during the period	$	—		$	231		$	(253	)	$	—		$	(22	)
Interest paid during the period	$	—		$	10,783		$	17,315		$	—		$	28,098

Noncash transactions:
Capital leases	$	—		$	3,131		$	—		$	—		$	3,131

	BlueLinx Holdings Inc.			BlueLinx Corporation			LLC Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss) income	$	(53,243	)	$	(50,243	)	$	6,770		$	43,473		$	(53,243	)
Adjustments to reconcile net (loss) income to cash (used in) provided by operations:
Depreciation and amortization		—			9,854			3,511			—			13,365
Amortization of debt issue costs		—			1,298			665			—			1,963
Payments from terminating the G-P Supply Agreement		—			4,706			—			—			4,706
Changes associated with ineffective interest rate swap		—			(4,603	)		—			—			(4,603	)
Write-off of debt issuance costs		—			183			—			—			183
Vacant property charges, net		—			53			—			—			53
Deferred income tax provision (benefit)		910			1,041			(2,551	)		—			(600	)
Share-based compensation		1,856			2,122			—			—			3,978
Decrease in restricted cash related to the ineffective interest swap, insurance, and other		—			6,556			—			—			6,556
Equity in earnings of subsidiaries		43,473			—			—			(43,473	)		—
Changes in assets and liabilities:
Receivables		—			145			—			—			145
Inventories		—			(15,065	)		—			—			(15,065	)
Accounts payable		21			(1,812	)		—			—			(1,791	)
Changes in other working capital		279			15,267			(94	)		—			15,452
Intercompany receivable		8,598			(3,453	)		—			(5,145	)		—
Intercompany payable		6,122			(6,356	)		(4,911	)		5,145			—
Other		(47	)		(1,394	)		481			—			(960	)
Net cash provided by (used in) operating activities		7,969			(41,701	)		3,871			—			(29,861	)
Cash flows from investing activities:
Investment in subsidiaries		(7,034	)		—			7,034			—			—
Property, plant and equipment investments		—			(4,140	)		—			—			(4,140	)
Proceeds from disposition of assets		—			711			—			—			711
Net cash (used in) provided by investing activities		(7,034	)		(3,429	)		7,034			—			(3,429	)
Cash flows from financing activities:
Repurchase of common stock		(583	)		—			—			—			(583	)
Repayments on revolving credit facility		—			(466,219	)		—			—			(466,219	)
Borrowings on revolving credit facility		—			507,419			—			—			507,419
Debt financing costs		—			(6,521	)		—			—			(6,521	)
Decrease in bank overdrafts		—			(4,143	)		—			—			(4,143	)
Increase in restricted cash related to the mortgage		—			—			(11,201	)		—			(11,201	)
Payments on capital lease obligations		—			(629	)		—			—			(629	)
Other		—			7			—			—			7
Net cash (used in) provided by financing activities		(583	)		29,914			(11,201	)		—			18,130
Increase (decrease) in cash		352			(15,216	)		(296	)		—			(15,160	)
Cash and cash equivalents balance, beginning of period		32			29,129			296			—			29,457
Cash and cash equivalents balance, end of period	$	384		$	13,913		$	—		$	—		$	14,297
Supplemental cash flow information:
Net income tax refunds (income taxes paid) during the period	$	—		$	20,098		$	(115	)	$	—		$	19,983
Interest paid during the period	$	—		$	13,280		$	18,395		$	—		$	31,675

Noncash transactions:
Capital leases	$	—		$	1,889		$	—		$	—		$	1,889

Schedule of condensed consolidating statement of stockholders' equity

	BlueLinx Holdings Inc.			BlueLinx Corporation and Subsidiaries			LLC Subsidiaries			Eliminations			Consolidated
Balance, January 2, 2010	$	50,820		$	142,363		$	(154,118	)	$	11,755		$	50,820
Net income (loss)		(53,243	)		(50,243	)		6,770			43,473			(53,243	)
Foreign currency translation adjustment, net of tax		336			336			—			(336	)		336
Unrealized loss from pension plan, net of tax		(616	)		(616	)		—			616			(616	)
Unrealized gain from cash flow hedge, net of tax		1,297			1,297			—			(1,297	)		1,297
Issuance of restricted stock		7			—			—			—			7
Repurchase of restricted stock		(583	)		—			—			—			(583	)
Compensation related to share-based grants		3,876			—			—			—			3,876
Reclassification of equity award to liability		(903	)		—			—			—			(903	)

Net transactions with the Parent		—			1,136			7,034			(8,170	)		—
Balance, January 1, 2011	$	991		$	94,273		$	(140,314	)	$	46,041		$	991
Net income (loss)		(38,567	)		(52,910	)		18,530			34,380			(38,567	)
Foreign currency translation adjustment, net of tax		(92	)		(92	)		—			92			(92	)
Unrealized loss from pension plan, net of tax		(14,969	)		(14,969	)		—			14,969			(14,969	)
Unrealized gain from cash flow hedge, net of tax		519			519			—			(519	)		519
Issuance of restricted stock, net of forfeitures		7			—			—			—			7
Issuance of stock related to the rights offering, net of expenses		58,521			—			—			—			58,521
Compensation related to share-based grants		2,158			—			—			—			2,158
Impact of net settled shares for vested grants		(194	)		—			—			—			(194	)

Net transactions with the Parent		—			56,805			(2,391	)		(54,414	)		—

Balance, December 31, 2011	$	8,374		$	83,626		$	(124,175	)	$	40,549		$	8,374
Net income (loss)		(23,027	)		(37,237	)		18,536			18,701			(23,027	)
Foreign currency translation adjustment, net of tax		103			103			—			(103	)		103
Unrealized loss from pension plan, net of tax		(8,245	)		(8,245	)		—			8,245			(8,245	)
Issuance of restricted stock, net of forfeitures		19			19			—			(19	)		19
Compensation related to share-based grants		2,730			—			—			—			2,730
Impact of net settled shares for vested grants		(526	)		—			—			—			(526	)
Other		(20	)		—			—			—			(20	)

Net transactions with the Parent		—			2,337			(2,017	)		(320	)		—
Balance, December 29, 2012	$	(20,592	)	$	40,603		$	(107,656	)	$	67,053		$	(20,592	)