SGS International, Inc.

CIK:0001359527|SEC Filings

Supplemental Guarantor Information (Schedule Of Supplemental Condensed Consolidating Statement Of Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Sales	$ 101,855	$ 99,254	$ 200,934	$ 190,893
Total net sales	101,855	99,254	200,934	190,893
Cost of goods sold (exclusive of depreciation and amortization)	60,499	59,779	122,237	114,242
Selling, general, and administrative expenses	16,354	16,093	32,588	31,128
Depreciation and amortization	6,893	6,045	13,338	11,793
INCOME FROM OPERATIONS	18,109	17,337	32,771	33,730
Interest expense, net	6,120	6,626	12,278	13,204
Other (income) expense, net	184	(67)	438	222
Income (loss) before equity in net income from subsidiaries	11,805	10,778	20,055	20,304
INCOME BEFORE INCOME TAXES	11,805	10,778	20,055	20,304
Provision (benefit) for income taxes	4,218	2,764	7,055	4,731
NET INCOME	7,587	8,014	13,000	15,573
Parent/Issuer [Member]
Selling, general, and administrative expenses	431	555	893	882
INCOME FROM OPERATIONS	(431)	(555)	(893)	(882)
Interest expense, net	376	337	769	538
Other (income) expense, net	(71)	(21)	41	141
Income (loss) before equity in net income from subsidiaries	(736)	(871)	(1,703)	(1,561)
Equity in net income of subsidiaries	8,481	16,050	14,610	24,498
INCOME BEFORE INCOME TAXES	7,745	15,179	12,907	22,937
Provision (benefit) for income taxes	158	7,165	(93)	7,364
NET INCOME	7,587	8,014	13,000	15,573
Consolidated Guarantor Subsidiaries [Member]
Sales	71,620	68,935	141,672	133,069
Intercompany sales	828	719	1,767	1,275
Total net sales	72,448	69,654	143,439	134,344
Cost of goods sold (exclusive of depreciation and amortization)	42,160	42,119	86,218	80,624
Selling, general, and administrative expenses	10,453	10,109	21,170	19,891
Depreciation and amortization	5,106	4,468	9,824	8,703
INCOME FROM OPERATIONS	14,729	12,958	26,227	25,126
Interest expense, net	5,208	5,712	10,432	11,416
Other (income) expense, net	106	(128)	63	(145)
Income (loss) before equity in net income from subsidiaries	9,415	7,374	15,732	13,855
INCOME BEFORE INCOME TAXES	9,415	7,374	15,732	13,855
Provision (benefit) for income taxes	3,329	4,129	5,882	6,821
NET INCOME	6,086	3,245	9,850	7,034
Consolidated Non-Guarantor Subsidiaries [Member]
Sales	30,235	30,319	59,262	57,824
Intercompany sales	1,754	2,297	3,610	3,905
Total net sales	31,989	32,616	62,872	61,729
Cost of goods sold (exclusive of depreciation and amortization)	20,921	20,676	41,396	38,798
Selling, general, and administrative expenses	5,470	5,429	10,525	10,355
Depreciation and amortization	1,787	1,577	3,514	3,090
INCOME FROM OPERATIONS	3,811	4,934	7,437	9,486
Interest expense, net	536	577	1,077	1,250
Other (income) expense, net	149	82	334	226
Income (loss) before equity in net income from subsidiaries	3,126	4,275	6,026	8,010
INCOME BEFORE INCOME TAXES	3,126	4,275	6,026	8,010
Provision (benefit) for income taxes	731	(8,530)	1,266	(9,454)
NET INCOME	2,395	12,805	4,760	17,464
Eliminations [Member]
Intercompany sales	(2,582)	(3,016)	(5,377)	(5,180)
Total net sales	(2,582)	(3,016)	(5,377)	(5,180)
Cost of goods sold (exclusive of depreciation and amortization)	(2,582)	(3,016)	(5,377)	(5,180)
Equity in net income of subsidiaries	(8,481)	(16,050)	(14,610)	(24,498)
INCOME BEFORE INCOME TAXES	(8,481)	(16,050)	(14,610)	(24,498)
NET INCOME	$ (8,481)	$ (16,050)	$ (14,610)	$ (24,498)

Supplemental Guarantor Information (Schedule Of Supplemental Condensed Consolidating Statement Of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Net cash provided by (used in) operations	$ 10,241	$ 14,242
Acquisition of properties, plants and equipment	(11,806)	(6,492)
Proceeds from sales of equipment	14	8
Business acquisitions, net of cash acquired	(250)	(17,402)
Net cash used in investing activities	(12,042)	(23,886)
Borrowings on revolving credit facility	2,000	8,000
Payments on revolving credit facility	(7,000)
Payments on senior term loan and acquisition facility	(2,501)	(2,506)
Payments on other long-term debt	(62)	(64)
Net cash provided by (used in) financing activities	(7,563)	5,430
Effect of exchange rate changes on cash	89	245
NET CHANGE IN CASH AND CASH EQUIVALENTS	(9,275)	(3,969)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	12,859	9,513
CASH AND CASH EQUIVALENTS, END OF PERIOD	3,584	5,544
Parent/Issuer [Member]
Net cash provided by (used in) operations	6,932	(5,773)
Borrowings on revolving credit facility	2,000	8,000
Payments on revolving credit facility	(7,000)
Payments on senior term loan and acquisition facility	(2,310)	(2,316)
Net cash provided by (used in) financing activities	(7,310)	5,684
NET CHANGE IN CASH AND CASH EQUIVALENTS	(378)	(89)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	451	154
CASH AND CASH EQUIVALENTS, END OF PERIOD	73	65
Consolidated Guarantor Subsidiaries [Member]
Net cash provided by (used in) operations	5,497	18,053
Acquisition of properties, plants and equipment	(8,923)	(4,611)
Proceeds from sales of equipment	11
Business acquisitions, net of cash acquired	(250)	(15,384)
Net cash used in investing activities	(9,162)	(19,995)
Payments on other long-term debt	(24)	(27)
Net cash provided by (used in) financing activities	(24)	(27)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(3,689)	(1,969)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	4,639	4,160
CASH AND CASH EQUIVALENTS, END OF PERIOD	950	2,191
Consolidated Non-Guarantor Subsidiaries [Member]
Net cash provided by (used in) operations	(2,188)	1,962
Acquisition of properties, plants and equipment	(2,883)	(1,881)
Proceeds from sales of equipment	3	8
Business acquisitions, net of cash acquired		(2,018)
Net cash used in investing activities	(2,880)	(3,891)
Payments on senior term loan and acquisition facility	(191)	(190)
Payments on other long-term debt	(38)	(37)
Net cash provided by (used in) financing activities	(229)	(227)
Effect of exchange rate changes on cash	89	245
NET CHANGE IN CASH AND CASH EQUIVALENTS	(5,208)	(1,911)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	7,769	5,199
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 2,561	$ 3,288

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 3,584	$ 12,859
Receivables from customers, less allowances of $1,766 and $1,596 at June 30, 2011 and December 31, 2011, respectively	89,692	71,507
Inventories	14,419	13,719
Deferred income taxes	2,762	2,779
Income taxes receivable	373	2,272
Prepaid expenses and other current assets	4,230	3,965
Total current assets	115,060	107,101
Properties, plants and equipment, net	51,099	48,825
Goodwill	191,424	190,993
Other intangible assets, net	156,259	161,879
Deferred financing costs, net	1,600	2,188
Other assets	2,855	2,509
TOTAL ASSETS	518,297	513,495
LIABILITIES AND STOCKHOLDER'S EQUITY
Accounts payable, trade	16,880	20,642
Accrued expenses	20,252	19,812
Accrued income taxes	375	2,283
Accrued interest	819	821
Current portion of long-term obligations	16,132	21,139
Total current liabilities	54,458	64,697
Long-term obligations, net of current portion	238,711	241,158
Non-current liabilities	3,305	2,881
Deferred income taxes	44,632	41,393
Total liabilities	341,106	350,129
Commitments and contingencies
Stockholder's equity:
Common stock, $.01 par value, 1,000 shares authorized and 100 shares outstanding
Additional paid in capital	107,000	107,000
Accumulated other comprehensive income - unrealized foreign currency translation adjustments, net of tax	1,800	975
Retained earnings	68,391	55,391
Total stockholder's equity	177,191	163,366
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$ 518,297	$ 513,495