Supplemental Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income (Loss)

Twelve Months Ended December 31, 2013



				Guarantor			Non-Guarantor
(In thousands)	Issuer			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	1,408,941		$	480,599		$	29,494		$	(29,204	)	$	1,889,830
Cost and expenses:
Cost of sales	(1,203,945		)	(467,822		)	(28,808		)	29,204			(1,671,371		)
Selling, general and administrative expenses	(94,861		)	(22,918		)	(1,352		)	—			(119,131		)
Total operating costs and expenses	(1,298,806		)	(490,740		)	(30,160		)	29,204			(1,790,502		)
Income (loss) from operations	110,135			(10,141		)	(666		)	—			99,328
Interest expense, net	(44,031		)	(5		)	—			—			(44,036		)
Debt retirement costs	(17,058		)	—			—			—			(17,058		)
Earnings (loss) before income taxes	49,046			(10,146		)	(666		)	—			38,234
Income tax benefit (provision)	61,778			(4,420		)	(138		)	11,501			68,721
Equity in income of subsidiary	(15,370		)	(804		)	—			16,174			—
Net earnings (loss)	$	95,454		$	(15,370	)	$	(804	)	$	27,675		$	106,955
Other comprehensive income, net of tax	57,600			—			—			—			57,600
Comprehensive income (loss)	$	153,054		$	(15,370	)	$	(804	)	$	27,675		$	164,555

Clearwater Paper Corporation

Consolidating Statement of Operations and Comprehensive Income (Loss)

Twelve Months Ended December 31, 2012



				Guarantor			Non-Guarantor
(In thousands)	Issuer			Subsidiaries			Subsidiaries			Eliminations			Total
Net sales	$	1,375,732		$	492,074		$	26,478		$	(19,980	)	$	1,874,304
Cost and expenses:
Cost of sales	(1,149,413		)	(454,383		)	(24,056		)	19,980			(1,607,872		)
Selling, general and administrative expenses	(96,668		)	(22,268		)	(2,109		)	—			(121,045		)
Total operating costs and expenses	(1,246,081		)	(476,651		)	(26,165		)	19,980			(1,728,917		)
Income from operations	129,651			15,423			313			—			145,387
Interest expense, net	(33,796		)	—			—			—			(33,796		)
Earnings before income taxes	95,855			15,423			313			—			111,591
Income tax provision	(42,440		)	(14,362		)	(35		)	9,377			(47,460		)
Equity in income of subsidiary	1,339			278			—			(1,617		)	—
Net earnings	$	54,754		$	1,339		$	278		$	7,760		$	64,131
Other comprehensive loss, net of tax	(428		)	—			—			—			(428		)
Comprehensive income	$	54,326		$	1,339		$	278		$	7,760		$	63,703

Condensed Consolidating Balance Sheet

Clearwater Paper Corporation

Consolidating Balance Sheet

At December 31, 2013



(In thousands)	Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
ASSETS
Current assets:
Cash	$	18,273		$	—		$	5,402		$	—		$	23,675
Restricted cash	1,500			—			—			—			1,500
Short-term investments	70,000			—			—			—			70,000
Receivables, net	119,278			38,063			2,700			(1,167		)	158,874
Taxes receivable	3,709			(15,882		)	324			22,352			10,503
Inventories	198,476			65,017			4,295			—			267,788
Deferred tax assets	42,289			6,094			5			(10,850		)	37,538
Prepaid expenses	4,704			695			124			—			5,523
Total current assets	458,229			93,987			12,850			10,335			575,401
Property, plant and equipment, net	636,662			231,225			16,811			—			884,698
Goodwill	229,533			—			—			—			229,533
Intangible assets, net	—			39,619			1,159			—			40,778
Intercompany receivable (payable)	91,865			(63,932		)	(16,431		)	(11,502		)	—
Investment in subsidiary	196,763			5,575			—			(202,338		)	—
Pension assets	4,488			—			—			—			4,488
Other assets, net	8,772			1,155			—			—			9,927
TOTAL ASSETS	$	1,626,312		$	307,629		$	14,389		$	(203,505	)	$	1,744,825
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	140,125		$	45,736		$	5,954		$	(1,167	)	$	190,648
Current liability for pensions and other postretirement employee benefits	8,778			—			—						8,778
Total current liabilities	148,903			45,736			5,954			(1,167		)	199,426
Long-term debt	650,000			—			—			—			650,000
Liability for pensions and other postretirement employee benefits	109,807			—			—			—			109,807
Other long-term obligations	51,740			1,202			—			—			52,942
Accrued taxes	1,430			911			317			—			2,658
Deferred tax liabilities	59,338			63,017			2,543			—			124,898
Accumulated other comprehensive loss, net of tax	(58,093		)	—			—			—			(58,093		)
Stockholders’ equity excluding accumulated other comprehensive loss	663,187			196,763			5,575			(202,338		)	663,187
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,626,312		$	307,629		$	14,389		$	(203,505	)	$	1,744,825

Clearwater Paper Corporation

Consolidating Balance Sheet

At December 31, 2012



(In thousands)	Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
ASSETS
Current assets:
Cash	$	11,105		$	5		$	1,469		$	—		$	12,579
Short-term investments	20,000			—			—			—			20,000
Receivables, net	109,129			41,431			5,612			(2,029		)	154,143
Taxes receivable	20,712			116			—			—			20,828
Inventories	163,422			63,476			4,568			—			231,466
Deferred tax assets	11,750			4,595			—			791			17,136
Prepaid expenses	11,441			708			165			—			12,314
Total current assets	347,559			110,331			11,814			(1,238		)	468,466
Property, plant and equipment, net	618,076			242,818			16,483			—			877,377
Goodwill	229,533			—			—			—			229,533
Intangible assets, net	—			46,379			1,374			—			47,753
Intercompany receivable (payable)	108,530			(91,881		)	(15,858		)	(791		)	—
Investment in subsidiary	209,431			6,204			—			(215,635		)	—
Other assets, net	9,948			379			—			—			10,327
TOTAL ASSETS	$	1,523,077		$	314,230		$	13,813		$	(217,664	)	$	1,633,456
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$	132,360		$	30,630		$	4,635		$	(2,029	)	$	165,596
Current liability for pensions and other postretirement employee benefits	9,137			—			—			—			9,137
Total current liabilities	141,497			30,630			4,635			(2,029		)	174,733
Long-term debt	523,933			—			—			—			523,933
Liability for pensions and other postretirement employee benefits	204,163			—			—			—			204,163
Other long-term obligations	49,102			1,808			—			—			50,910
Accrued taxes	76,617			1,771			311			—			78,699
Deferred tax liabilities (assets)	(13,129		)	70,590			2,663			—			60,124
Accumulated other comprehensive loss, net of tax	(115,693		)	—			—			—			(115,693		)
Stockholders’ equity excluding accumulated other comprehensive loss	656,587			209,431			6,204			(215,635		)	656,587
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,523,077		$	314,230		$	13,813		$	(217,664	)	$	1,633,456

Condensed Consolidating Statement of Cash Flows

Clearwater Paper Corporation

Consolidating Statement of Cash Flows

Twelve Months Ended December 31, 2013



(In thousands)	Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings (loss)	$	95,454		$	(15,370	)	$	(804	)	$	27,675		$	106,955
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:
Depreciation and amortization	54,291			33,712			2,269			—			90,272
Non-cash adjustments to unrecognized taxes	(75,308		)	—			—			—			(75,308		)
Deferred tax provision (benefit)	3,185			(9,072		)	(125		)	11,641			5,629
Equity-based compensation expense	10,960									—			10,960
Employee benefit plans	10,131			—			—			—			10,131
Deferred issuance costs and discounts on long-term debt	4,964			—			—			—			4,964
Disposal of plant and equipment, net	201			1,291			1			—			1,493
Changes in working capital, net	(31,256		)	11,747			4,487			—			(15,022		)
Change in taxes receivable, net	17,003			15,998			(324		)	(22,352		)	10,325
Change in non-current accrued taxes, net	1,423			(860		)	6			—			569
Funding of qualified pension plans	(15,050		)	—			—			—			(15,050		)
Change in restricted cash	—			(32		)	—			—			(32		)
Other, net	(452		)	923			—			—			471
Net cash flows from operating activities	75,546			38,337			5,510			16,964			136,357
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net	(50,000		)	—			—			—			(50,000		)
Additions to plant and equipment	(65,708		)	(22,562		)	(2,323		)	—			(90,593		)
Net cash flows from investing activities	(115,708		)	(22,562		)	(2,323		)	—			(140,593		)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long-term debt	275,000			—			—			—			275,000
Repayment of long-term debt	(150,000		)	—			—			—			(150,000		)
Purchase of treasury stock	(100,000		)	—			—			—			(100,000		)
Investment from (to) parent	31,998			(15,780		)	746			(16,964		)	—
Payment for long-term debt issuance costs	(4,837		)	—			—			—			(4,837		)
Payment of tax withholdings on equity- based payment arrangements	(4,831		)	—			—			—			(4,831		)
Net cash flows from financing activities	47,330			(15,780		)	746			(16,964		)	15,332
Increase (decrease) in cash	7,168			(5		)	3,933			—			11,096
Cash at beginning of period	11,105			5			1,469			—			12,579
Cash at end of period	$	18,273		$	—		$	5,402		$	—		$	23,675

Clearwater Paper Corporation

Consolidating Statement of Cash Flows

Twelve Months Ended December 31, 2012



(In thousands)	Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
CASH FLOWS FROM OPERATING ACTIVITIES
Net earnings	$	54,754		$	1,339		$	278		$	7,760		$	64,131
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization	48,191			29,030			2,112			—			79,333
Non-cash adjustments to unrecognized taxes	3,275			—			—			—			3,275
Deferred tax provision (benefit)	9,840			4,009			(188		)	(791		)	12,870
Equity-based compensation expense	9,703			—			—			—			9,703
Employee benefit plans	9,366			—			—			—			9,366
Deferred issuance costs and discounts on long-term debt	2,010			—			—			—			2,010
Disposal of plant and equipment, net	622			1,381			—			—			2,003
Changes in working capital, net	25,252			36,596			(567		)	—			61,281
Change in taxes receivable, net	(11,755		)	593			334			—			(10,828		)
Excess tax benefits from equity-based payment arrangements	(15,837		)	—			—			—			(15,837		)
Change in non-current accrued taxes, net	(242		)	22			1,180			—			960
Funding of qualified pension plans	(20,627		)	—			—			—			(20,627		)
Change in restricted cash	769			—			—			—			769
Other, net	548			(264		)	—			—			284
Net cash flows from operating activities	115,869			72,706			3,149			6,969			198,693
CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net	35,001			—			—			—			35,001
Additions to plant and equipment	(190,296		)	(11,632		)	(1,848		)	—			(203,776		)
Cash paid for acquisitions, net of cash acquired	(9,264		)	—			—			—			(9,264		)
Proceeds from the sale of assets	—			1,035			—			—			1,035
Net cash flows from investing activities	(164,559		)	(10,597		)	(1,848		)	—			(177,004		)
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock	(18,650		)	—			—			—			(18,650		)
Investment from (to) parent	75,198			(66,463		)	(1,766		)	(6,969		)	—
Payment for long-term debt issuance costs	(2		)	—			—			—			(2		)
Payment of tax withholdings on equity-based payment arrangements	(13,234		)	—			—			—			(13,234		)
Excess tax benefits from equity-based payment arrangements	15,837			—			—			—			15,837
Other, net	(1,500		)	—			—			—			(1,500		)
Net cash flows from financing activities	57,649			(66,463		)	(1,766		)	(6,969		)	(17,549		)
Increase (decrease) in cash	8,959			(4,354		)	(465		)	—			4,140
Cash at beginning of period	2,146			4,359			1,934			—			8,439
Cash at end of period	$	11,105		$	5		$	1,469		$	—		$	12,579