v2.4.0.6

Financial Guarantees and Condensed Consolidating Financial Statements (Tables) | 3 Months Ended
--- | ---
Mar. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of March 30, 2013
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4,060 |  |  | $ | 15,234 |  |  | $ | 55,333 |  |  | $ | — |  |  | $ | 74,627 |
Accounts receivable, net | — |  |  | 24,913 |  |  | 114,935 |  |  | — |  |  | 139,848 |
Inventories, net | (52 | ) |  | 21,025 |  |  | 75,919 |  |  | — |  |  | 96,892 |
Deferred income taxes | — |  |  | 613 |  |  | 3,806 |  |  | (613 | ) |  | 3,806 |
Other current assets | 3,908 |  |  | 10,017 |  |  | 26,153 |  |  | — |  |  | 40,078 |
Total current assets | 7,916 |  |  | 71,802 |  |  | 276,146 |  |  | (613 | ) |  | 355,251 |
Property, plant and equipment, net | 38,212 |  |  | 96,687 |  |  | 343,059 |  |  | — |  |  | 477,958 |
Goodwill | — |  |  | 20,718 |  |  | 59,994 |  |  | — |  |  | 80,712 |
Intangible assets, net | 23,483 |  |  | 41,715 |  |  | 8,439 |  |  | — |  |  | 73,637 |
Net investment in and advances to (from) subsidiaries | 644,908 |  |  | 756,142 |  |  | (169,899 | ) |  | (1,231,151 | ) |  | — |
Deferred income taxes | — |  |  | — |  |  | 1,222 |  |  | — |  |  | 1,222 |
Other noncurrent assets | 306 |  |  | 5,645 |  |  | 18,904 |  |  | — |  |  | 24,855 |
Total assets | $ | 714,825 |  |  | $ | 992,709 |  |  | $ | 537,865 |  |  | $ | (1,231,764 | ) |  | $ | 1,013,635 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Short-term borrowings | $ | 1,411 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,411 |
Accounts payable and accrued liabilities | 17,985 |  |  | 38,875 |  |  | 136,316 |  |  | — |  |  | 193,176 |
Income taxes payable | — |  |  | — |  |  | 3,716 |  |  | — |  |  | 3,716 |
Deferred income taxes | 331 |  |  | — |  |  | 14 |  |  | 134 |  |  | 479 |
Current portion of long-term debt | 107 |  |  | — |  |  | 21,356 |  |  | — |  |  | 21,463 |
Total current liabilities | 19,834 |  |  | 38,875 |  |  | 161,402 |  |  | 134 |  |  | 220,245 |
Long-term debt | 560,019 |  |  | — |  |  | 23,180 |  |  | — |  |  | 583,199 |
Deferred income taxes | 273 |  |  | 9,149 |  |  | 24,370 |  |  | (747 | ) |  | 33,045 |
Other noncurrent liabilities | 5,164 |  |  | 14,935 |  |  | 27,512 |  |  | — |  |  | 47,611 |
Total liabilities | 585,290 |  |  | 62,959 |  |  | 236,464 |  |  | (613 | ) |  | 884,100 |
Common stock | — |  |  | — |  |  | 36,083 |  |  | (36,083 | ) |  | — |
Other shareholders’ equity | 129,535 |  |  | 929,750 |  |  | 265,318 |  |  | (1,195,068 | ) |  | 129,535 |
Total shareholders' equity | 129,535 |  |  | 929,750 |  |  | 301,401 |  |  | (1,231,151 | ) |  | 129,535 |
Total liabilities and shareholders' equity | $ | 714,825 |  |  | $ | 992,709 |  |  | $ | 537,865 |  |  | $ | (1,231,764 | ) |  | $ | 1,013,635 |
Condensed Consolidating Balance Sheet As of December 29, 2012
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 486 |  |  | $ | 28,285 |  |  | $ | 69,108 |  |  | $ | — |  |  | $ | 97,879 |
Accounts receivable, net | — |  |  | 22,350 |  |  | 109,219 |  |  | — |  |  | 131,569 |
Inventories, net | — |  |  | 23,843 |  |  | 71,121 |  |  | — |  |  | 94,964 |
Deferred income taxes | — |  |  | 613 |  |  | 3,832 |  |  | (613 | ) |  | 3,832 |
Other current assets | 1,821 |  |  | 7,710 |  |  | 23,883 |  |  | — |  |  | 33,414 |
Total current assets | 2,307 |  |  | 82,801 |  |  | 277,163 |  |  | (613 | ) |  | 361,658 |
Property, plant and equipment, net | 27,711 |  |  | 99,660 |  |  | 351,798 |  |  | — |  |  | 479,169 |
Goodwill | — |  |  | 20,718 |  |  | 59,890 |  |  | — |  |  | 80,608 |
Intangible assets, net | 24,313 |  |  | 42,422 |  |  | 8,928 |  |  | — |  |  | 75,663 |
Net investment in and advances to (from) subsidiaries | 679,818 |  |  | 723,861 |  |  | (188,670 | ) |  | (1,215,009 | ) |  | — |
Deferred income taxes | — |  |  | — |  |  | 945 |  |  | — |  |  | 945 |
Other noncurrent assets | 275 |  |  | 5,787 |  |  | 17,964 |  |  | — |  |  | 24,026 |
Total assets | $ | 734,424 |  |  | $ | 975,249 |  |  | $ | 528,018 |  |  | $ | (1,215,622 | ) |  | $ | 1,022,069 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Short-term borrowings | $ | 813 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 813 |
Accounts payable and accrued liabilities | 28,511 |  |  | 33,344 |  |  | 135,050 |  |  | — |  |  | 196,905 |
Income taxes payable | — |  |  | 89 |  |  | 3,752 |  |  | — |  |  | 3,841 |
Deferred income taxes | 331 |  |  | — |  |  | 14 |  |  | 134 |  |  | 479 |
Current portion of long-term debt | 107 |  |  | — |  |  | 19,370 |  |  | — |  |  | 19,477 |
Total current liabilities | 29,762 |  |  | 33,433 |  |  | 158,186 |  |  | 134 |  |  | 221,515 |
Long-term debt | 560,043 |  |  | — |  |  | 19,356 |  |  | — |  |  | 579,399 |
Deferred income taxes | 273 |  |  | 9,149 |  |  | 24,506 |  |  | (747 | ) |  | 33,181 |
Other noncurrent liabilities | 5,144 |  |  | 15,540 |  |  | 28,088 |  |  | — |  |  | 48,772 |
Total liabilities | 595,222 |  |  | 58,122 |  |  | 230,136 |  |  | (613 | ) |  | 882,867 |
Common stock | — |  |  | — |  |  | 36,083 |  |  | (36,083 | ) |  | — |
Other shareholders’ equity | 139,202 |  |  | 917,127 |  |  | 261,799 |  |  | (1,178,926 | ) |  | 139,202 |
Total shareholders' equity | 139,202 |  |  | 917,127 |  |  | 297,882 |  |  | (1,215,009 | ) |  | 139,202 |
Total liabilities and shareholders' equity | $ | 734,424 |  |  | $ | 975,249 |  |  | $ | 528,018 |  |  | $ | (1,215,622 | ) |  | $ | 1,022,069 |
Condensed Consolidating Statement of Operations | Condensed Consolidating Statement of Operations For the Three Months Ended March 30, 2013
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 93,012 |  |  | $ | 199,529 |  |  | $ | (5,459 | ) |  | $ | 287,082 |
Cost of goods sold | (25 | ) |  | (81,846 | ) |  | (164,804 | ) |  | 5,459 |  |  | (241,216 | )
Gross profit | (25 | ) |  | 11,166 |  |  | 34,725 |  |  | — |  |  | 45,866 |
Selling, general and administrative expenses | (9,644 | ) |  | (5,760 | ) |  | (18,938 | ) |  | — |  |  | (34,342 | )
Special charges, net | (1,354 | ) |  | (37 | ) |  | (413 | ) |  | — |  |  | (1,804 | )
Other operating, net | 2 |  |  | (76 | ) |  | (266 | ) |  | — |  |  | (340 | )
Operating income (loss) | (11,021 | ) |  | 5,293 |  |  | 15,108 |  |  | — |  |  | 9,380 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense | (10,228 | ) |  | 3,101 |  |  | (4,957 | ) |  | — |  |  | (12,084 | )
Intercompany royalty and technical service fees | 1,327 |  |  | 1,607 |  |  | (2,934 | ) |  | — |  |  | — |
Foreign currency and other, net | (2 | ) |  | (97 | ) |  | (1,321 | ) |  | — |  |  | (1,420 | )
Equity in earnings of subsidiaries | 11,524 |  |  | 3,817 |  |  | — |  |  | (15,341 | ) |  | — |
Income (loss) before income taxes | (8,400 | ) |  | 13,721 |  |  | 5,896 |  |  | (15,341 | ) |  | (4,124 | )
Income tax (provision) benefit | 2,173 |  |  | (2,145 | ) |  | (2,131 | ) |  | — |  |  | (2,103 | )
Net income (loss) | $ | (6,227 | ) |  | $ | 11,576 |  |  | $ | 3,765 |  |  | $ | (15,341 | ) |  | $ | (6,227 | )
Comprehensive income (loss) | $ | (9,903 | ) |  | $ | 16,102 |  |  | $ | 5,384 |  |  | $ | (21,486 | ) |  | $ | (9,903 | )
Condensed Consolidating Statement of Operations For the Three Months Ended March 31, 2012
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 95,414 |  |  | $ | 204,541 |  |  | $ | (4,784 | ) |  | $ | 295,171 |
Cost of goods sold | 17 |  |  | (82,447 | ) |  | (164,338 | ) |  | 4,784 |  |  | (241,984 | )
Gross profit | 17 |  |  | 12,967 |  |  | 40,203 |  |  | — |  |  | 53,187 |
Selling, general and administrative expenses | (9,291 | ) |  | (5,917 | ) |  | (18,923 | ) |  | — |  |  | (34,131 | )
Special charges, net | (1,478 | ) |  | (216 | ) |  | (725 | ) |  | — |  |  | (2,419 | )
Other operating, net | — |  |  | 103 |  |  | 258 |  |  | — |  |  | 361 |
Operating income (loss) | (10,752 | ) |  | 6,937 |  |  | 20,813 |  |  | — |  |  | 16,998 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense | (11,275 | ) |  | 3,315 |  |  | (4,888 | ) |  | — |  |  | (12,848 | )
Intercompany royalty and technical service fees | 1,490 |  |  | 1,811 |  |  | (3,301 | ) |  | — |  |  | — |
Foreign currency and other, net | (30 | ) |  | (163 | ) |  | 255 |  |  | — |  |  | 62 |
Equity in earnings of subsidiaries | 18,165 |  |  | 9,151 |  |  | — |  |  | (27,316 | ) |  | — |
Income (loss) before income taxes | (2,402 | ) |  | 21,051 |  |  | 12,879 |  |  | (27,316 | ) |  | 4,212 |
Income tax (provision) benefit | 2,137 |  |  | (2,832 | ) |  | (3,782 | ) |  | — |  |  | (4,477 | )
Net income (loss) | $ | (265 | ) |  | $ | 18,219 |  |  | $ | 9,097 |  |  | $ | (27,316 | ) |  | $ | (265 | )
Comprehensive income (loss) | $ | 4,558 |  |  | $ | 24,380 |  |  | $ | 12,228 |  |  | $ | (36,608 | ) |  | $ | 4,558 |
Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 30, 2013
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | (15,118 | ) |  | $ | 16,397 |  |  | $ | (15,990 | ) |  | $ | — |  |  | $ | (14,711 | )
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (10,592 | ) |  | (682 | ) |  | (3,043 | ) |  | — |  |  | (14,317 | )
Proceeds from the sale of assets | — |  |  | — |  |  | 11 |  |  | — |  |  | 11 |
Acquisition of intangibles and other | (53 | ) |  | — |  |  | — |  |  | — |  |  | (53 | )
Intercompany investing activities, net | 5,766 |  |  | (23,000 | ) |  | — |  |  | 17,234 |  |  | — |
Net cash provided by (used in) investing activities | (4,879 | ) |  | (23,682 | ) |  | (3,032 | ) |  | 17,234 |  |  | (14,359 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | — |  |  | 6,666 |  |  | — |  |  | 6,666 |
Proceeds from short-term borrowings | 1,446 |  |  | — |  |  | — |  |  | — |  |  | 1,446 |
Repayment of long-term borrowings | (27 | ) |  | — |  |  | (885 | ) |  | — |  |  | (912 | )
Repayment of short-term borrowings | (848 | ) |  | — |  |  | — |  |  | — |  |  | (848 | )
Intercompany financing activities, net | 23,000 |  |  | (5,766 | ) |  | — |  |  | (17,234 | ) |  | — |
Net cash provided by (used in) financing activities | 23,571 |  |  | (5,766 | ) |  | 5,781 |  |  | (17,234 | ) |  | 6,352 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | (534 | ) |  | — |  |  | (534 | )
Net change in cash and cash equivalents | 3,574 |  |  | (13,051 | ) |  | (13,775 | ) |  | — |  |  | (23,252 | )
Cash and cash equivalents at beginning of period | 486 |  |  | 28,285 |  |  | 69,108 |  |  | — |  |  | 97,879 |
Cash and cash equivalents at end of period | $ | 4,060 |  |  | $ | 15,234 |  |  | $ | 55,333 |  |  | $ | — |  |  | $ | 74,627 |
Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2012
In thousands | PGI (Issuer) |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net cash provided by (used in) operating activities | $ | (31,450 | ) |  | $ | 28,014 |  |  | $ | 23,050 |  |  | $ | — |  |  | $ | 19,614 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (8,316 | ) |  | (623 | ) |  | (4,373 | ) |  | — |  |  | (13,312 | )
Proceeds from the sale of assets | — |  |  | 1,646 |  |  | 11 |  |  | — |  |  | 1,657 |
Acquisition of intangibles and other | (56 | ) |  | — |  |  | — |  |  | — |  |  | (56 | )
Intercompany investing activities, net | 15,771 |  |  | (25,770 | ) |  | (8,781 | ) |  | 18,780 |  |  | — |
Net cash provided by (used in) investing activities | 7,399 |  |  | (24,747 | ) |  | (13,143 | ) |  | 18,780 |  |  | (11,711 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | — |  |  | — |  |  | 24 |  |  | — |  |  | 24 |
Proceeds from short-term borrowings | 1,436 |  |  | — |  |  | 5 |  |  | — |  |  | 1,441 |
Repayment of long-term borrowings | (22 | ) |  | — |  |  | (918 | ) |  | — |  |  | (940 | )
Repayment of short-term borrowings | (72 | ) |  | — |  |  | (2,000 | ) |  | — |  |  | (2,072 | )
Intercompany financing activities, net | 25,770 |  |  | (6,990 | ) |  | — |  |  | (18,780 | ) |  | — |
Net cash provided by (used in) financing activities | 27,112 |  |  | (6,990 | ) |  | (2,889 | ) |  | (18,780 | ) |  | (1,547 | )
Effect of exchange rate changes on cash | — |  |  | — |  |  | 523 |  |  | — |  |  | 523 |
Net change in cash and cash equivalents | 3,061 |  |  | (3,723 | ) |  | 7,541 |  |  | — |  |  | 6,879 |
Cash and cash equivalents at beginning of period | 3,135 |  |  | 14,574 |  |  | 55,033 |  |  | — |  |  | 72,742 |
Cash and cash equivalents at end of period | $ | 6,196 |  |  | $ | 10,851 |  |  | $ | 62,574 |  |  | $ | — |  |  | $ | 79,621 |

X
- Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed balance sheet. Disclosure may include, but is 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 a condensed cash flow statement. Disclosure may include, but is 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 a condensed income statement. Disclosure may include, but is 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