POINDEXTER J B & CO INC

CIK:0000918962|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Revenues	$ 708,064	$ 553,561	$ 480,647
Cost of revenues	607,709	481,888	420,146
Gross profit	100,355	71,673	60,501
Selling and administrative expenses	58,510	53,699	48,961
Closed and excess facility costs		951	642
Loss (gain) on sale/lease-back of real estate, net	1,053	2,555	(265)
Loss (gain) on repurchase of 8.75% Notes	187		(186)
Other expense	450	105	489
Operating income	40,155	14,363	10,860
Interest expense	17,887	17,917	18,163
Interest income	(45)	(62)	(197)
Income (loss) before income taxes	22,313	(3,492)	(7,106)
Income tax provision (benefit)	7,586	(1,462)	(2,210)
Net income (loss)	$ 14,727	$ (2,030)	$ (4,896)

Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2011

Note 11: Supplemental Cash Flow Information

The supplemental cash flow information for the years ended December 31, 2011, 2010 and 2009 was as follows:

	2011		2010		2009
Cash paid for interest	$	18,567	$	18,364	$	18,187
Cash paid (refunded) for income taxes, net of foreign refunds	780		1,419		(2,037		)
Noncash investing and financing activities:
Capital lease obligations for machinery and equipment	733		722		1,219

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets
Cash and cash equivalents	$ 44,920	$ 58,382
Accounts receivable, net	49,385	36,023
Inventories, net	79,739	61,578
Deferred income taxes	1,257	463
Income tax receivable	674	9,287
Prepaid expenses and other	2,224	2,891
Total current assets	178,199	168,624
Property, plant, and equipment, net	46,564	56,436
Goodwill	35,000	35,000
Intangible assets, net	12,714	14,299
Debt issuance costs	1,008	1,817
Restricted cash		6,610
Other assets	3,680	3,938
Total assets	277,165	286,724
Current liabilities
Current portion of long-term debt	2,726	2,260
Accounts payable	36,988	26,966
Accrued compensation and benefits	10,830	9,647
Other accrued liabilities	17,504	16,805
Total current liabilities	68,048	55,678
Non-current liabilities
Long-term debt, less current portion	164,991	201,233
Deferred income taxes	2,718	3,614
Employee benefit obligations and other	9,178	8,554
Total non-current liabilities	176,887	213,401
Stockholder's equity
Common stock, par value $0.01 per share (3,059 shares issued and outstanding)
Capital in excess of par value of stock	19,486	19,486
Accumulated other comprehensive income	387	529
Retained earnings (accumulated deficit)	12,357	(2,370)
Total stockholder's equity	32,230	17,645
Total liabilities and stockholder's equity	$ 277,165	$ 286,724