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Supplemental Guarantor Financial Information - (Tables) | 6 Months Ended
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Jun. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) | Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Three Months Ended June 30, 2019
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 421,457 |  |  | $ | 67,685 |  |  | $ | (37,149 | ) |  | $ | 451,993 |
Costs and expenses: |  |  |  |  |  |  |
Cost of sales | (385,788 | ) |  | (61,325 | ) |  | 37,288 |  |  | (409,825 | )
Selling, general and administrative expenses | (21,078 | ) |  | (5,749 | ) |  | — |  |  | (26,827 | )
Total operating costs and expenses | (406,866 | ) |  | (67,074 | ) |  | 37,288 |  |  | (436,652 | )
Income from operations | 14,591 |  |  | 611 |  |  | 139 |  |  | 15,341 |
Interest expense, net | (10,877 | ) |  | (37 | ) |  | — |  |  | (10,914 | )
Non-operating pension and other postretirement benefit costs | (1,531 | ) |  | — |  |  | — |  |  | (1,531 | )
Earnings before income taxes | 2,183 |  |  | 574 |  |  | 139 |  |  | 2,896 |
Income tax (provision) benefit | (1,969 | ) |  | 428 |  |  | (1,779 | ) |  | (3,320 | )
Equity in income of subsidiary | 1,002 |  |  | — |  |  | (1,002 | ) |  | — |
Net earnings (loss) | $ | 1,216 |  |  | $ | 1,002 |  |  | $ | (2,642 | ) |  | $ | (424 | )
Other comprehensive income, net of tax | 1,334 |  |  | — |  |  | — |  |  | 1,334 |
Comprehensive income | $ | 2,550 |  |  | $ | 1,002 |  |  | $ | (2,642 | ) |  | $ | 910 |
Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2019
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 833,852 |  |  | $ | 135,225 |  |  | $ | (88,305 | ) |  | $ | 880,772 |
Costs and expenses: |  |  |  |  |  |  |
Cost of sales | (758,040 | ) |  | (121,501 | ) |  | 85,470 |  |  | (794,071 | )
Selling, general and administrative expenses | (47,323 | ) |  | (9,675 | ) |  | — |  |  | (56,998 | )
Total operating costs and expenses | (805,363 | ) |  | (131,176 | ) |  | 85,470 |  |  | (851,069 | )
Income from operations | 28,489 |  |  | 4,049 |  |  | (2,835 | ) |  | 29,703 |
Interest expense, net | (19,262 | ) |  | (138 | ) |  | — |  |  | (19,400 | )
Non-operating pension and other postretirement benefit costs | (2,845 | ) |  | — |  |  | — |  |  | (2,845 | )
Earnings before income taxes | 6,382 |  |  | 3,911 |  |  | (2,835 | ) |  | 7,458 |
Income tax (provision) benefit | (3,775 | ) |  | (424 | ) |  | 154 |  |  | (4,045 | )
Equity in income of subsidiary | 3,487 |  |  | — |  |  | (3,487 | ) |  | — |
Net earnings | $ | 6,094 |  |  | $ | 3,487 |  |  | $ | (6,168 | ) |  | $ | 3,413 |
Other comprehensive income, net of tax | 2,573 |  |  | — |  |  | — |  |  | 2,573 |
Comprehensive income | $ | 8,667 |  |  | $ | 3,487 |  |  | $ | (6,168 | ) |  | $ | 5,986 |
Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Three Months Ended June 30, 2018
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 433,826 |  |  | $ | 54,313 |  |  | $ | (56,040 | ) |  | $ | 432,099 |
Costs and expenses: |  |  |  |  |  |  |
Cost of sales | (394,260 | ) |  | (47,918 | ) |  | 55,024 |  |  | (387,154 | )
Selling, general and administrative expenses | (21,226 | ) |  | (5,338 | ) |  | — |  |  | (26,564 | )
Total operating costs and expenses | (415,486 | ) |  | (53,256 | ) |  | 55,024 |  |  | (413,718 | )
Income from operations | 18,340 |  |  | 1,057 |  |  | (1,016 | ) |  | 18,381 |
Interest expense, net | (7,627 | ) |  | (96 | ) |  | — |  |  | (7,723 | )
Non-operating pension and other postretirement benefit costs | (1,187 | ) |  | — |  |  | — |  |  | (1,187 | )
Earnings before income taxes | 9,526 |  |  | 961 |  |  | (1,016 | ) |  | 9,471 |
Income tax provision | (2,574 | ) |  | (186 | ) |  | 250 |  |  | (2,510 | )
Equity in income of subsidiary | 775 |  |  | — |  |  | (775 | ) |  | — |
Net earnings | $ | 7,727 |  |  | $ | 775 |  |  | $ | (1,541 | ) |  | $ | 6,961 |
Other comprehensive income, net of tax | 1,336 |  |  | — |  |  | — |  |  | 1,336 |
Comprehensive income | $ | 9,063 |  |  | $ | 775 |  |  | $ | (1,541 | ) |  | $ | 8,297 |
Clearwater Paper Corporation Consolidating Statement of Operations and Comprehensive Income Six Months Ended June 30, 2018
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 889,003 |  |  | $ | 100,526 |  |  | $ | (120,478 | ) |  | $ | 869,051 |
Costs and expenses: |  |  |  |  |  |  |
Cost of sales | (807,217 | ) |  | (88,278 | ) |  | 115,908 |  |  | (779,587 | )
Selling, general and administrative expenses | (48,858 | ) |  | (10,686 | ) |  | — |  |  | (59,544 | )
Total operating costs and expenses | (856,075 | ) |  | (98,964 | ) |  | 115,908 |  |  | (839,131 | )
Income from operations | 32,928 |  |  | 1,562 |  |  | (4,570 | ) |  | 29,920 |
Interest expense, net | (15,556 | ) |  | (187 | ) |  | — |  |  | (15,743 | )
Non-operating pension and other postretirement benefit costs | (2,466 | ) |  | — |  |  | — |  |  | (2,466 | )
Earnings before income taxes | 14,906 |  |  | 1,375 |  |  | (4,570 | ) |  | 11,711 |
Income tax provision | (2,956 | ) |  | (199 | ) |  | 1,005 |  |  | (2,150 | )
Equity in income of subsidiary | 1,176 |  |  | — |  |  | (1,176 | ) |  | — |
Net earnings | $ | 13,126 |  |  | $ | 1,176 |  |  | $ | (4,741 | ) |  | $ | 9,561 |
Other comprehensive income, net of tax | 2,755 |  |  | — |  |  | — |  |  | 2,755 |
Comprehensive income | $ | 15,881 |  |  | $ | 1,176 |  |  | $ | (4,741 | ) |  | $ | 12,316 |
Condensed Consolidating Balance Sheet | Clearwater Paper Corporation Consolidating Balance Sheet At June 30, 2019
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 41,800 |  |  | $ | — |  |  | $ | — |  |  | $ | 41,800 |
Restricted cash | 1,440 |  |  | — |  |  | — |  |  | 1,440 |
Receivables, net | 151,072 |  |  | 18,900 |  |  | — |  |  | 169,972 |
Taxes receivable | 7,995 |  |  | 295 |  |  | (347 | ) |  | 7,943 |
Inventories | 248,236 |  |  | 42,462 |  |  | (2,835 | ) |  | 287,863 |
Other current assets | 9,832 |  |  | 286 |  |  | — |  |  | 10,118 |
Total current assets | 460,375 |  |  | 61,943 |  |  | (3,182 | ) |  | 519,136 |
Property, plant and equipment, net | 1,220,503 |  |  | 73,191 |  |  | — |  |  | 1,293,694 |
Operating lease right-of-use assets | 69,656 |  |  | 5,682 |  |  | — |  |  | 75,338 |
Goodwill | 35,074 |  |  | — |  |  | — |  |  | 35,074 |
Intangible assets, net | 522 |  |  | 19,988 |  |  | — |  |  | 20,510 |
Intercompany (payable) receivable | (65,731 | ) |  | 62,896 |  |  | 2,835 |  |  | — |
Investment in subsidiary | 178,788 |  |  | — |  |  | (178,788 | ) |  | — |
Other assets, net | 11,365 |  |  | 2,818 |  |  | (2,088 | ) |  | 12,095 |
TOTAL ASSETS | $ | 1,910,552 |  |  | $ | 226,518 |  |  | $ | (181,223 | ) |  | $ | 1,955,847 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Short-term debt | $ | 235,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 235,000 |
Accounts payable and accrued liabilities | 278,415 |  |  | 23,226 |  |  | (347 | ) |  | 301,294 |
Current liability for pensions and other postretirement employee benefits | 7,430 |  |  | — |  |  | — |  |  | 7,430 |
Total current liabilities | 520,845 |  |  | 23,226 |  |  | (347 | ) |  | 543,724 |
Long-term debt | 671,676 |  |  | — |  |  | — |  |  | 671,676 |
Operating lease liabilities | 65,966 |  |  | 4,228 |  |  | — |  |  | 70,194 |
Liability for pensions and other postretirement employee benefits | 74,903 |  |  | — |  |  | — |  |  | 74,903 |
Other long-term obligations | 33,498 |  |  | — |  |  | — |  |  | 33,498 |
Accrued taxes | 1,378 |  |  | 879 |  |  | — |  |  | 2,257 |
Deferred tax liabilities | 107,921 |  |  | 19,397 |  |  | (2,088 | ) |  | 125,230 |
TOTAL LIABILITIES | 1,476,187 |  |  | 47,730 |  |  | (2,435 | ) |  | 1,521,482 |
Stockholders’ equity excluding accumulated other comprehensive loss | 499,140 |  |  | 178,788 |  |  | (178,788 | ) |  | 499,140 |
Accumulated other comprehensive loss, net of tax | (64,775 | ) |  | — |  |  | — |  |  | (64,775 | )
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,910,552 |  |  | $ | 226,518 |  |  | $ | (181,223 | ) |  | $ | 1,955,847 |
Clearwater Paper Corporation Consolidating Balance Sheet At December 31, 2018
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 22,484 |  |  | $ | — |  |  | $ | — |  |  | $ | 22,484 |
Receivables, net | 127,952 |  |  | 17,567 |  |  | — |  |  | 145,519 |
Taxes receivable | 16,634 |  |  | 41 |  |  | (10,374 | ) |  | 6,301 |
Inventories | 222,960 |  |  | 48,361 |  |  | (5,077 | ) |  | 266,244 |
Other current assets | 3,346 |  |  | 53 |  |  | — |  |  | 3,399 |
Total current assets | 393,376 |  |  | 66,022 |  |  | (15,451 | ) |  | 443,947 |
Property, plant and equipment, net | 1,192,716 |  |  | 76,555 |  |  | — |  |  | 1,269,271 |
Goodwill | 35,074 |  |  | — |  |  | — |  |  | 35,074 |
Intangible assets, net | 1,045 |  |  | 23,035 |  |  | — |  |  | 24,080 |
Intercompany (payable) receivable | (62,846 | ) |  | 57,769 |  |  | 5,077 |  |  | — |
Investment in subsidiary | 175,301 |  |  | — |  |  | (175,301 | ) |  | — |
Other assets, net | 14,839 |  |  | 2,618 |  |  | (1,711 | ) |  | 15,746 |
TOTAL ASSETS | $ | 1,749,505 |  |  | $ | 225,999 |  |  | $ | (187,386 | ) |  | $ | 1,788,118 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Short-term debt | $ | 120,833 |  |  | $ | — |  |  | $ | — |  |  | $ | 120,833 |
Accounts payable and accrued liabilities | 299,715 |  |  | 31,691 |  |  | (10,374 | ) |  | 321,032 |
Current liability for pensions and other postretirement employee benefits | 7,430 |  |  | — |  |  | — |  |  | 7,430 |
Total current liabilities | 427,978 |  |  | 31,691 |  |  | (10,374 | ) |  | 449,295 |
Long-term debt | 671,292 |  |  | — |  |  | — |  |  | 671,292 |
Liability for pensions and other postretirement employee benefits | 78,191 |  |  | — |  |  | — |  |  | 78,191 |
Other long-term obligations | 38,977 |  |  | — |  |  | — |  |  | 38,977 |
Accrued taxes | 1,918 |  |  | 867 |  |  | — |  |  | 2,785 |
Deferred tax liabilities | 104,753 |  |  | 18,140 |  |  | (1,711 | ) |  | 121,182 |
TOTAL LIABILITIES | 1,323,109 |  |  | 50,698 |  |  | (12,085 | ) |  | 1,361,722 |
Stockholders’ equity excluding accumulated other comprehensive loss | 493,744 |  |  | 175,301 |  |  | (175,301 | ) |  | 493,744 |
Accumulated other comprehensive loss, net of tax | (67,348 | ) |  | — |  |  | — |  |  | (67,348 | )
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 1,749,505 |  |  | $ | 225,999 |  |  | $ | (187,386 | ) |  | $ | 1,788,118 |
Condensed Consolidating Statement of Cash Flows | Clearwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2019
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |
Net earnings | $ | 6,094 |  |  | $ | 3,487 |  |  | $ | (6,168 | ) |  | $ | 3,413 |
Adjustments to reconcile net earnings to net cash flows from operating activities: |  |  |  |  |  |  |
Depreciation and amortization | 46,457 |  |  | 7,896 |  |  | — |  |  | 54,353 |
Equity-based compensation expense | 2,070 |  |  | — |  |  | — |  |  | 2,070 |
Deferred taxes | 3,880 |  |  | 1,300 |  |  | — |  |  | 5,180 |
Deferred issuance costs on debt | 938 |  |  | — |  |  | — |  |  | 938 |
Other non-cash activity, net | (792 | ) |  | — |  |  |  |  |  | (792 | )
Changes in working capital, net | (64,846 | ) |  | 4,811 |  |  | 9,889 |  |  | (50,146 | )
Changes in taxes receivable | 8,639 |  |  | (254 | ) |  | (10,027 | ) |  | (1,642 | )
Changes in non-current accrued taxes | (540 | ) |  | 12 |  |  | — |  |  | (528 | )
Other, net | 1,942 |  |  | (66 | ) |  | — |  |  | 1,876 |
Net cash flows from operating activities | 3,842 |  |  | 17,186 |  |  | (6,306 | ) |  | 14,722 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |
Additions to property, plant and equipment | (107,155 | ) |  | (1,264 | ) |  | — |  |  | (108,419 | )
Other, net | 4 |  |  | — |  |  | — |  |  | 4 |
Net cash flows from investing activities | (107,151 | ) |  | (1,264 | ) |  | — |  |  | (108,415 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |
Borrowings on short-term debt | 436,927 |  |  | — |  |  | — |  |  | 436,927 |
Repayments of borrowings on short-term debt | (322,760 | ) |  | — |  |  | — |  |  | (322,760 | )
Investment from (to) parent | 9,616 |  |  | (15,922 | ) |  | 6,306 |  |  | — |
Other, net | (1,147 | ) |  | — |  |  | — |  |  | (1,147 | )
Net cash flows from financing activities | 122,636 |  |  | (15,922 | ) |  | 6,306 |  |  | 113,020 |
Increase in cash, cash equivalents and restricted cash | 19,327 |  |  | — |  |  | — |  |  | 19,327 |
Cash, cash equivalents and restricted cash at beginning of period | 24,947 |  |  | — |  |  | — |  |  | 24,947 |
Cash, cash equivalents and restricted cash at end of period | $ | 44,274 |  |  | $ | — |  |  | $ | — |  |  | $ | 44,274 |
Clearwater Paper Corporation Consolidating Statement of Cash Flows Six Months Ended June 30, 2018
(In thousands) | Issuer |  | Guarantor Subsidiaries |  | Eliminations |  | Total
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |
Net earnings | $ | 13,126 |  |  | $ | 1,176 |  |  | $ | (4,741 | ) |  | $ | 9,561 |
Adjustments to reconcile net earnings to net cash flows from operating activities: |  |  |  |  |  |  |
Depreciation and amortization | 39,905 |  |  | 10,439 |  |  | — |  |  | 50,344 |
Equity-based compensation expense | 343 |  |  | — |  |  | — |  |  | 343 |
Deferred taxes | 2,979 |  |  | (330 | ) |  | — |  |  | 2,649 |
Deferred issuance costs on long term debt | 716 |  |  | — |  |  | — |  |  | 716 |
Other non-cash activity, net | 414 |  |  | (4 | ) |  | — |  |  | 410 |
Changes in working capital, net | 41,660 |  |  | (6,051 | ) |  | 708 |  |  | 36,317 |
Changes in taxes receivable | 11,502 |  |  | (4 | ) |  | — |  |  | 11,498 |
Changes in non-current accrued taxes, net | 346 |  |  | — |  |  | — |  |  | 346 |
Other, net | (770 | ) |  | (526 | ) |  | — |  |  | (1,296 | )
Net cash flows from operating activities | 110,221 |  |  | 4,700 |  |  | (4,033 | ) |  | 110,888 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |
Additions to property, plant and equipment | (77,257 | ) |  | (1,343 | ) |  | — |  |  | (78,600 | )
Other, net | 793 |  |  | 14 |  |  | — |  |  | 807 |
Net cash flows from investing activities | (76,464 | ) |  | (1,329 | ) |  | — |  |  | (77,793 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |
Borrowings on short-term debt | 124,063 |  |  | — |  |  | — |  |  | 124,063 |
Repayments of borrowings on short-term debt | (119,063 | ) |  | — |  |  | — |  |  | (119,063 | )
Investment (to) from parent | (662 | ) |  | (3,371 | ) |  | 4,033 |  |  | — |
Other, net | (543 | ) |  | — |  |  | — |  |  | (543 | )
Net cash flows from financing activities | 3,795 |  |  | (3,371 | ) |  | 4,033 |  |  | 4,457 |
Increase in cash, cash equivalents and restricted cash | 37,552 |  |  | — |  |  | — |  |  | 37,552 |
Cash, cash equivalents and restricted cash at beginning of period | 16,738 |  |  | — |  |  | — |  |  | 16,738 |
Cash, cash equivalents and restricted cash at end of period | $ | 54,290 |  |  | $ | — |  |  | $ | — |  |  | $ | 54,290 |

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