JOHNSONDIVERSEY HOLDINGS INC

CIK:0001262768|SEC Filings

Comprehensive Income (Loss)

6 Months Ended

Jul. 01, 2011

Other Comprehensive Income Noncontrolling Interest Disclosure Abstract

Other Comprehensive Income Noncontrolling Interest Text Block

15. Comprehensive Income (Loss)

Comprehensive income (loss) for the three and six months ended July 1, 2011 and July 2, 2010 are as follows:

		Three Months Ended					Six Months Ended
		July 1, 2011		July 2, 2010			July 1, 2011		July 2, 2010
Net income		$	32,791	$	11,731	$	25,897	$	5,562
Foreign currency translation adjustments			35,470		(41,886)		68,310		(76,218)
Adjustments to pension and post-retirement
	liabilities, net of tax		(2,297)		(5,013)		(2,581)		(2,929)
Unrealized gains on derivatives, net of tax			316		(232)		566		(44)
	Total comprehensive income (loss)	$	66,280	$	(35,400)	$	92,192	$	(73,629)

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	6 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands	Jul. 01, 2011	Jul. 02, 2010
Cash flows from operating activities:
Net Income	$ 25,897	$ 5,562
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	50,387	45,453
Amortization of intangibles	7,855	8,737
Amortization And Direct Expense Of Financing Costs	9,956	5,700
Accretion of original issue discount	3,195	1,478
Accretion Of Interest On Notes Payable	0	12,469
Deferred income taxes non cash	1,130	17,501
Loss on disposal of discontinued operations	0	754
Loss From Divestitures	0	101
Japan inventory loss	701	0
Loss on property, plant and equipment disposals	(193)	103
Stock-based compensation	6,173	7,284
Other	3,319	8,476
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures of businesses:
Accounts receivable	(49,148)	(11,613)
Change in Inventories	(52,672)	(30,751)
Other current assets	2,176	(4,949)
Accounts payable and accrued expenses	(33,730)	(103,450)
Other assets	(14,071)	2,618
Other liabilities	(14,469)	6,217
Net cash used in operating activities	(53,494)	(28,310)
Cash flows from investing activities:
Capital expenditures	(38,807)	(30,237)
Expenditures for capitalized computer software	(10,783)	(5,977)
Proceeds from property, plant and equipment disposals	646	3,200
Payments To Acquire Businesses Gross	(2,463)	0
Net costs of divestiture of businesses	0	(855)
Net cash used in investing activities	(51,407)	(33,869)
Cash flows from financing activities:
Proceeds from short-term borrowings, net	15,606	(915)
Repayments of long-term borrowings	(4,893)	(4,619)
Payments of costs for equity redemption and issuance	0	(961)
Proceeds related to stock-based long-term incentive plans	60	9,467
Repurchase and redemption of Class B equity	(2,915)	0
Payment of debt issuance costs	(2,806)	(4,949)
Payments Of Dividends Common Stock	(85)	(81)
Net cash provided by (used in) financing activities	4,967	(2,058)
Effect of exchange rate changes on cash and cash equivalents	2,563	(4,256)
Change in cash and cash equivalents	(97,371)	(68,493)
Beginning balance	169,094	249,713
Ending balance	71,723	181,220
Cash Paid During Period Abstract
Interest Paid Net of Interest Received	55,605	53,252
Income Taxes Paid	$ 34,030	$ 14,469

CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Jul. 01, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 71,723	$ 169,094
Restricted cash	12,099	20,407
Accounts receivable, less allowance of $20,576 and $19,888, respectively	630,241	563,006
Accounts receivable related parties	9,786	6,433
Inventories	327,487	263,247
Deferred income taxes	24,041	24,532
Other current assets	167,115	163,307
Total current assets	1,242,492	1,210,026
PPE Net Less Cap Software	426,399	410,507
Capitalized software, net	53,087	52,980
Goodwill	1,331,271	1,263,431
Other intangibles, net	199,359	194,175
Other assets	170,702	152,894
Total assets	3,423,310	3,284,013
Current liabilities:
Short-term borrowings	40,041	24,205
Current portion of long-term borrowings	9,885	9,498
Accounts payable	357,531	327,831
Accounts payable related parties	31,432	23,794
Accrued expenses	415,883	463,319
Total current liabilities	854,772	848,647
Pension and other post-retirement benefits	231,446	226,682
Long-term borrowings	1,476,259	1,445,678
Deferred income taxes non current 1	122,195	114,358
Other liabilities	120,458	125,893
Total Liabilities	2,805,130	2,761,258
Class B shares and equity awards subject to contingent redemption features - $0.01 par value; 20,000,000 shares authorized; 2,563,161 shares issued and outstanding at July 1, 2011 and 1,490,971 shares issued and outstanding at December 31, 2010	36,686	35,871
Stockholders equity:
Class A common stock - $0.01 par value; 200,000,000 shares authorized; 99,764,706 shares issued and outstanding at July 1, 2011 and December 31, 2010	998	998
Capital in excess of par value	556,747	554,244
Accumulated deficit	(283,973)	(309,785)
Accumulated other comprehensive income	307,722	241,427
Total stockholders equity	581,494	486,884
Total liabilities, Class B shares and equity awards subject to contingent redemption features and stockholders' equity	$ 3,423,310	$ 3,284,013