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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
5 Months Ended 6 Months Ended 1 Months Ended
Jul. 02, 2011
Successor
Jun. 30, 2012
Successor
Jan. 28, 2011
Predecessor
Operating activities      
Net loss $ (45,562) $ (12,359) $ (18,203)
Adjustments for non-cash transactions:      
Deferred income taxes (971) 3  
Depreciation and amortization expense 24,523 32,371 3,535
Inventory step-up related to merger 13,012    
Inventory absorption related to step-up depreciation (67)    
(Gain) loss on derivatives and other financial instruments   (147) 187
(Gains) losses on sale of assets, net 201 (11) (25)
Non-cash compensation 481 413 13,591
Changes in operating assets and liabilities:      
Accounts receivable, net (23,798) (144) (3,287)
Inventories, net (27,417) 4,842 (2,988)
Other current assets 31,848 (4,146) (38,025)
Accounts payable and accrued liabilities 5,448 15,378 17,238
Other, net (1,635) 1,467 2,707
Net cash provided by (used in) operating activities (23,937) 37,667 (25,270)
Investing activities      
Purchases of property, plant and equipment (33,584) (29,630) (8,405)
Proceeds from sale of assets 9,191 1,657 105
Acquisition of noncontrolling interest (7,246)    
Acquisition of intangibles and other (95) (110) (5)
Acquisition of Polymer Group, Inc. (403,496)    
Net cash used in investing activities (435,230) (28,083) (8,305)
Financing activities      
Proceeds from Issuance of Senior Secured Notes 560,000    
Proceeds from long-term borrowings 7,000 25 31,500
Proceeds from short-term borrowings 3,245 4,943 631
Repayment of Term Loan (286,470)    
Repayment of long-term borrowings (49,197) (2,350) (24)
Repayment of short-term borrowings (33,176) (6,233) (665)
Loan acquisition costs (19,252)    
Issuance of common stock 259,865    
Net cash (used in) provided by financing activities 442,015 (3,615) 31,442
Effect of exchange rate changes on cash 1,238 (641) 549
Net increase (decrease) in cash and cash equivalents (15,914) 5,328 (1,584)
Cash and cash equivalents at beginning of period 70,771 72,742 72,355
Cash and cash equivalents at end of period $ 54,857 $ 78,070 $ 70,771