XML 56 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Supplemental Guarantor Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2014
Consolidating Financials [Abstract] |
Schedule of Condensed Balance Sheet [Table Text Block] |
CONDENSED CONSOLIDATING BALANCE SHEETS
As of December 31, 2013
(in thousands)
|  |  |  |  |  |  |  | Consolidating |  |
|  |  |  |  |  | Non- |  | Entries and |  |
|  | Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 4,752 |  |  | $ | 7,136 |  |  | $ | — |  |  | $ | 11,888 |
Accounts receivable - affiliates |  | 42,410 |  |  | 28,551 |  |  | 15,824 |  |  | (86,785 | ) |  | — |
Accounts receivable - trade |  | — |  |  | 48,998 |  |  | 150,568 |  |  | — |  |  | 199,566 |
Inventories |  | — |  |  | 174,935 |  |  | 315,479 |  |  | — |  |  | 490,414 |
Prepaid and other current assets |  | — |  |  | 22,555 |  |  | 51,235 |  |  | — |  |  | 73,790 |
Total current assets |  | 42,410 |  |  | 279,791 |  |  | 540,242 |  |  | (86,785 | ) |  | 775,658 |
Investment in affiliates |  | 1,709,914 |  |  | 828,012 |  |  | — |  |  | (2,537,926 | ) |  | — |
Property, plant and equipment |  | — |  |  | 540,273 |  |  | 280,712 |  |  | — |  |  | 820,985 |
Deferred income taxes |  | — |  |  | — |  |  | 10,334 |  |  | — |  |  | 10,334 |
Goodwill |  | — |  |  | 293,162 |  |  | 203,648 |  |  | — |  |  | 496,810 |
Notes receivable - affiliate |  | 51,090 |  |  | 7,413 |  |  | — |  |  | (58,503 | ) |  | — |
Other assets |  | 4,752 |  |  | 53,447 |  |  | 55,862 |  |  | — |  |  | 114,061 |
Total assets |  | $ | 1,808,166 |  |  | $ | 2,002,098 |  |  | $ | 1,090,798 |  |  | $ | (2,683,214 | ) |  | $ | 2,217,848 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable - affiliate |  | $ | — |  |  | $ | 58,206 |  |  | $ | 28,579 |  |  | $ | (86,785 | ) |  | $ | — |
Accounts payable - trade |  | — |  |  | 41,971 |  |  | 73,241 |  |  | — |  |  | 115,212 |
Short-term debt |  | — |  |  | 165 |  |  | 996 |  |  | — |  |  | 1,161 |
Accrued income and other taxes |  | 2,678 |  |  | 4,736 |  |  | 23,273 |  |  | — |  |  | 30,687 |
Rationalizations |  | — |  |  | 1,890 |  |  | 16,531 |  |  | — |  |  | 18,421 |
Supply chain financing liability |  | — |  |  | — |  |  | 9,455 |  |  | — |  |  | 9,455 |
Other accrued liabilities |  | 2,444 |  |  | 12,404 |  |  | 26,091 |  |  | — |  |  | 40,939 |
Total current liabilities |  | 5,122 |  |  | 119,372 |  |  | 178,166 |  |  | (86,785 | ) |  | 215,875 |
Long-term debt - affiliate |  | — |  |  | 51,090 |  |  | 7,413 |  |  | (58,503 | ) |  | — |
Long-term debt - third party |  | 475,675 |  |  | 50,525 |  |  | 15,393 |  |  | — |  |  | 541,593 |
Other long-term obligations |  | — |  |  | 66,590 |  |  | 31,357 |  |  | — |  |  | 97,947 |
Deferred income taxes |  | 6,620 |  |  | 4,607 |  |  | 30,457 |  |  | — |  |  | 41,684 |
Stockholders' equity |  | 1,320,749 |  |  | 1,709,914 |  |  | 828,012 |  |  | (2,537,926 | ) |  | 1,320,749 |
Total liabilities and stockholders' equity |  | $ | 1,808,166 |  |  | $ | 2,002,098 |  |  | $ | 1,090,798 |  |  | $ | (2,683,214 | ) |  | $ | 2,217,848 |
CONDENSED CONSOLIDATING BALANCE SHEETS
As of March 31, 2014
(in thousands)
|  |  |  |  |  |  |  | Consolidating |  |
|  |  |  |  |  | Non- |  | Entries and |  |
|  | Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 5,782 |  |  | $ | 11,542 |  |  | $ | — |  |  | $ | 17,324 |
Accounts receivable - affiliates |  | 43,730 |  |  | 25,271 |  |  | 23,489 |  |  | (92,490 | ) |  | — |
Accounts receivable - trade |  | — |  |  | 57,341 |  |  | 148,344 |  |  | — |  |  | 205,685 |
Inventories |  | — |  |  | 182,594 |  |  | 308,681 |  |  | — |  |  | 491,275 |
Prepaid and other current assets |  | — |  |  | 25,118 |  |  | 56,163 |  |  | — |  |  | 81,281 |
Total current assets |  | 43,730 |  |  | 296,106 |  |  | 548,219 |  |  | (92,490 | ) |  | 795,565 |
Investment in affiliates |  | 1,706,171 |  |  | 809,466 |  |  | — |  |  | (2,515,637 | ) |  | — |
Property, plant and equipment |  | — |  |  | 537,165 |  |  | 261,214 |  |  | — |  |  | 798,379 |
Deferred income taxes |  | — |  |  | — |  |  | 10,117 |  |  | — |  |  | 10,117 |
Goodwill |  | — |  |  | 293,162 |  |  | 203,639 |  |  | — |  |  | 496,801 |
Notes receivable - affiliate |  | 52,445 |  |  | 7,413 |  |  |  |  | (59,858 | ) |  | — |
Other assets |  | 4,600 |  |  | 50,306 |  |  | 53,723 |  |  | — |  |  | 108,629 |
Total assets |  | $ | 1,806,946 |  |  | $ | 1,993,618 |  |  | $ | 1,076,912 |  |  | $ | (2,667,985 | ) |  | $ | 2,209,491 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable - affiliate |  | — |  |  | 67,470 |  |  | 25,020 |  |  | (92,490 | ) |  | — |
Accounts payable - trade |  | 17 |  |  | 47,017 |  |  | 71,831 |  |  | — |  |  | 118,865 |
Short-term debt |  | — |  |  | 154 |  |  | 14 |  |  | — |  |  | 168 |
Accrued income and other taxes |  | 600 |  |  | — |  |  | 25,717 |  |  | — |  |  | 26,317 |
Rationalizations |  |  |  | 1,314 |  |  | 8,696 |  |  |  |  | 10,010 |
Other accrued liabilities |  | 7,225 |  |  | 13,231 |  |  | 25,879 |  |  | — |  |  | 46,335 |
Total current liabilities |  | 7,842 |  |  | 129,186 |  |  | 157,157 |  |  | (92,490 | ) |  | 201,695 |
Long-term debt - affiliate |  | — |  |  | 52,445 |  |  | 7,413 |  |  | (59,858 | ) |  | — |
Long-term debt - third party |  | 478,672 |  |  | 34,492 |  |  | 41,348 |  |  | — |  |  | 554,512 |
Other long-term obligations |  | — |  |  | 65,300 |  |  | 31,440 |  |  | — |  |  | 96,740 |
Deferred income taxes |  | 6,620 |  |  | 6,024 |  |  | 30,088 |  |  | — |  |  | 42,732 |
Stockholders' equity |  | 1,313,812 |  |  | 1,706,171 |  |  | 809,466 |  |  | (2,515,637 | ) |  | 1,313,812 |
Total liabilities and stockholders' equity |  | $ | 1,806,946 |  |  | $ | 1,993,618 |  |  | $ | 1,076,912 |  |  | $ | (2,667,985 | ) |  | $ | 2,209,491 |
Schedule of Condensed Income Statement [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended March 31, 2013
(in thousands)
|  |  |  |  |  |  |  | Consolidating |  |
|  |  |  |  |  | Non- |  | Entries and |  |
|  | Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
Sales - affiliates |  | $ | — |  |  | $ | 45,267 |  |  | $ | 36,152 |  |  | $ | (81,419 | ) |  | $ | — |
Sales - third party |  | — |  |  | 98,196 |  |  | 155,531 |  |  | — |  |  | 253,727 |
Net sales |  | — |  |  | 143,463 |  |  | 191,683 |  |  | (81,419 | ) |  | 253,727 |
Cost of sales |  | — |  |  | 122,826 |  |  | 163,770 |  |  | (81,419 | ) |  | 205,177 |
Gross profit |  | — |  |  | 20,637 |  |  | 27,913 |  |  | — |  |  | 48,550 |
Research and development |  | — |  |  | 3,093 |  |  | — |  |  | — |  |  | 3,093 |
Selling and administrative expenses |  | — |  |  | 12,494 |  |  | 17,219 |  |  | — |  |  | 29,713 |
Operating income |  | — |  |  | 5,050 |  |  | 10,694 |  |  | — |  |  | 15,744 |
Other expense, net |  | — |  |  | 43 |  |  | 507 |  |  | — |  |  | 550 |
Interest expense - affiliate |  | — |  |  | 399 |  |  | 188 |  |  | (587 | ) |  | — |
Interest expense - third party |  | 7,745 |  |  | 805 |  |  | 458 |  |  | — |  |  | 9,008 |
Interest income - affiliate |  | (364 | ) |  | (188 | ) |  | (35 | ) |  | 587 |  |  | — |
Interest income - third party |  | — |  |  | — |  |  | (64 | ) |  | — |  |  | (64 | )
(Loss) income before income taxes |  | (7,381 | ) |  | 3,991 |  |  | 9,640 |  |  | — |  | ` | 6,250 |
(Benefit) provision for income taxes |  | (2,620 | ) |  | 1,443 |  |  | 3,217 |  |  | — |  |  | 2,040 |
Equity in earnings of subsidiary |  | 8,971 |  |  | 6,423 |  |  | — |  |  | (15,394 | ) |  | — |
Net income (loss) |  | $ | 4,210 |  |  | $ | 8,971 |  |  | $ | 6,423 |  |  | $ | (15,394 | ) |  | $ | 4,210 |
Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 4,210 |  |  | $ | 8,971 |  |  | $ | 6,423 |  |  | $ | (15,394 | ) |  | $ | 4,210 |
Other comprehensive (loss) income |  | (3,776 | ) |  | (3,776 | ) |  | (4,351 | ) |  | 8,127 |  |  | (3,776 | )
Comprehensive (loss) income |  | $ | 434 |  |  | $ | 5,195 |  |  | $ | 2,072 |  |  | $ | (7,267 | ) |  | $ | 434 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
For the three months ended March 31, 2014
(in thousands)
|  |  |  |  |  |  |  | Consolidating |  |
|  |  |  |  |  | Non- |  | Entries and |  |
|  | Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
Sales - affiliates |  | $ | — |  |  | $ | 70,357 |  |  | $ | 35,207 |  |  | $ | (105,564 | ) |  | $ | — |
Sales - third party |  | — |  |  | 111,124 |  |  | 169,667 |  |  | — |  |  | 280,791 |
Net sales |  | — |  |  | 181,481 |  |  | 204,874 |  |  | (105,564 | ) |  | 280,791 |
Cost of sales |  | — |  |  | 157,029 |  |  | 203,632 |  |  | (105,564 | ) |  | 255,097 |
Gross profit |  | — |  |  | 24,452 |  |  | 1,242 |  |  | — |  |  | 25,694 |
Research and development |  | — |  |  | 2,770 |  |  | — |  |  | — |  |  | 2,770 |
Selling and administrative expenses |  | — |  |  | 9,867 |  |  | 20,040 |  |  | — |  |  | 29,907 |
Rationalizations |  | — |  |  | 36 |  |  | 50 |  |  | — |  |  | 86 |
Operating income (loss) |  | — |  |  | 11,779 |  |  | (18,848 | ) |  | — |  |  | (7,069 | )
Other expense (income), net |  | — |  |  | 824 |  |  | (30 | ) |  | — |  |  | 794 |
Interest expense - affiliate |  | — |  |  | 226 |  |  | — |  |  | (226 | ) |  | — |
Interest expense - third party |  | 7,952 |  |  | 740 |  |  | 307 |  |  | — |  |  | 8,999 |
Interest income - affiliate |  | (226 | ) |  | — |  |  | — |  |  | 226 |  |  | — |
Interest income - third party |  | — |  |  | — |  |  | (58 | ) |  | — |  |  | (58 | )
(Loss) income before income taxes |  | (7,726 | ) |  | 9,989 |  |  | (19,067 | ) |  | — |  | ` | (16,804 | )
(Benefit) provision for income taxes |  | (2,781 | ) |  | 4,552 |  |  | (7,058 | ) |  | — |  |  | (5,287 | )
Equity in losses of subsidiary |  | (6,572 | ) |  | (12,009 | ) |  | — |  |  | 18,581 |  |  | — |
Net (loss) income |  | $ | (11,517 | ) |  | $ | (6,572 | ) |  | $ | (12,009 | ) |  | $ | 18,581 |  |  | $ | (11,517 | )
Statements of Comprehensive Income |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (11,517 | ) |  | $ | (6,572 | ) |  | $ | (12,009 | ) |  | $ | 18,581 |  |  | $ | (11,517 | )
Other comprehensive income (loss) |  | 2,072 |  |  | 2,072 |  |  | 2,477 |  |  | (4,549 | ) |  | 2,072 |
Comprehensive (loss) income |  | $ | (9,445 | ) |  | $ | (4,500 | ) |  | $ | (9,532 | ) |  | $ | 14,032 |  |  | $ | (9,445 | )
Schedule of Condensed Cash Flow Statement [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the three months ended March 31, 2013
(in thousands)
|  |  |  |  |  |  | Consolidating |  |
|  |  |  |  | Non- |  | Entries and |  |
| Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
Net cash provided by operating activities: | $ | 455 |  |  | $ | 14,863 |  |  | $ | 2,681 |  |  | $ | — |  |  | $ | 17,999 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
(Loans to) repayments from affiliates | (60 | ) |  | — |  |  | — |  |  | 60 |  |  | — |
Capital expenditures | — |  |  | (10,003 | ) |  | (3,153 | ) |  | — |  |  | (13,156 | )
Proceeds from derivative instruments | — |  |  | 495 |  |  | 1,686 |  |  | — |  |  | 2,181 |
Net cash (used in) provided by investing activities | (60 | ) |  | (9,508 | ) |  | (1,467 | ) |  | 60 |  |  | (10,975 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Loans from (repayments to) affiliates | — |  |  | 60 |  |  | — |  |  | (60 | ) |  | — |
Short-term debt borrowings | — |  |  | 2 |  |  | (6,326 | ) |  | — |  |  | (6,324 | )
Revolving Facility borrowings | — |  |  | 26,000 |  |  | 40,000 |  |  | — |  |  | 66,000 |
Revolving Facility reductions | — |  |  | (32,500 | ) |  | (20,000 | ) |  | — |  |  | (52,500 | )
Principal payments on long term debt | — |  |  | (44 | ) |  | (55 | ) |  | — |  |  | (99 | )
Supply chain financing | — |  |  | — |  |  | (14,304 | ) |  | — |  |  | (14,304 | )
Proceeds from exercise of stock options | 132 |  |  | — |  |  | — |  |  | — |  |  | 132 |
Purchase of treasury shares | (181 | ) |  | — |  |  | — |  |  | — |  |  | (181 | )
Other | (346 | ) |  | (15 | ) |  | (5,286 | ) |  | — |  |  | (5,647 | )
Net cash used in financing activities | (395 | ) |  | (6,497 | ) |  | (5,971 | ) |  | (60 | ) |  | (12,923 | )
Net (decrease) increase in cash and cash equivalents | — |  |  | (1,142 | ) |  | (4,757 | ) |  | — |  |  | (5,899 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (114 | ) |  | — |  |  | (114 | )
Cash and cash equivalents at beginning of period | — |  |  | 4,425 |  |  | 12,892 |  |  | — |  |  | 17,317 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 3,283 |  |  | $ | 8,021 |  |  | $ | — |  |  | $ | 11,304 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the three months ended March 31, 2014
(in thousands)
|  |  |  |  |  |  | Consolidating |  |
|  |  |  |  | Non- |  | Entries and |  |
| Parent |  | Guarantors |  | Guarantors |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities: | $ | 496 |  |  | $ | 31,748 |  |  | $ | (10,154 | ) |  | $ | — |  |  | $ | 22,090 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Loans to affiliates | (1,355 | ) |  | — |  |  | — |  |  | 1,355 |  |  | — |
Capital expenditures | — |  |  | (16,486 | ) |  | (5,242 | ) |  | — |  |  | (21,728 | )
Payments for derivatives | — |  |  | (258 | ) |  | (109 | ) |  | — |  |  | (367 | )
Proceeds from sale of assets | — |  |  | 714 |  |  | 1,181 |  |  | — |  |  | 1,895 |
Insurance recoveries | — |  |  | — |  |  | 3,057 |  |  | — |  |  | 3,057 |
Net cash (used in) provided by investing activities | (1,355 | ) |  | (16,030 | ) |  | (1,113 | ) |  | 1,355 |  |  | (17,143 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Repayments to affiliates | — |  |  | 1,355 |  |  | — |  |  | (1,355 | ) |  | — |
Short-term debt borrowings | — |  |  | (11 | ) |  | (983 | ) |  | — |  |  | (994 | )
Revolving Facility borrowings | — |  |  | 30,000 |  |  | 45,000 |  |  | — |  |  | 75,000 |
Revolving Facility reductions | — |  |  | (46,000 | ) |  | (19,000 | ) |  | — |  |  | (65,000 | )
Principal payments on long term debt | — |  |  | (32 | ) |  | (60 | ) |  | — |  |  | (92 | )
Supply chain financing | — |  |  | — |  |  | (9,455 | ) |  | — |  |  | (9,455 | )
Proceeds from exercise of stock options | 82 |  |  | — |  |  | — |  |  | — |  |  | 82 |
Purchase of treasury shares | (141 | ) |  | — |  |  | — |  |  | — |  |  | (141 | )
Other | 918 |  |  | — |  |  | — |  |  | — |  |  | 918 |
Net cash provided by (used in) financing activities | 859 |  |  | (14,688 | ) |  | 15,502 |  |  | (1,355 | ) |  | 318 |
Net increase in cash and cash equivalents | — |  |  | 1,030 |  |  | 4,235 |  |  | — |  |  | 5,265 |
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 171 |  |  | — |  |  | 171 |
Cash and cash equivalents at beginning of period | — |  |  | 4,752 |  |  | 7,136 |  |  | — |  |  | 11,888 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 5,782 |  |  | $ | 11,542 |  |  | $ | — |  |  | $ | 17,324 |

X
- Details
Name: | gti_ConsolidatingFinancialsAbstract
Namespace Prefix: | gti_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration