GateHouse Media, Inc.

CIK:0001368900|SEC Filings

Discontinued Operations	9 Months Ended
Discontinued Operations	Sep. 29, 2013
Discontinued Operations [Abstract]
Discontinued Operations	(18) Discontinued Operations In May 2013, the Company disposed of a non wholly owned subsidiary in Chicago, Illinois. As a result, the asset, liability and noncontrolling interest carrying amounts of this subsidiary were derecognized. A loss of $1,146 was recognized in discontinued operations. During the nine months ended September 30, 2012, the Company entered into an agreement to sell 22 publications in Suburban Chicago, Illinois for an aggregate purchase price of approximately $2,800. As a result, an impairment loss of $1,922 is included in loss from discontinued operations on the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the nine months ended September 30, 2012. Additionally, an impairment loss of $206 is included in loss from discontinued operations net of income taxes on the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the nine months ended September 30, 2012 related to previously discontinued operations. The net revenue during the nine months ended September 29, 2013 and September 30, 2012 for the aforementioned discontinued operations and previously discontinued operations was $394 and $8,560, respectively. Loss, net of income taxes of $0, during the nine months ended September 29, 2013 and September 30, 2012 for the aforementioned discontinued operations and previously discontinued operations was $1,034 and $2,093, respectively. The loss from discontinued operations attributable to noncontrolling interest during the nine months ended September 29, 2013 and September 30, 2012 was $55 and $410, respectively.

Condensed Combined Debtor-In-Possession Financial Information - Debtors' Statements of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Cash flows from operating activities: [Abstract]
Net loss	$ (161,654)	$ (25,244)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	30,440	30,710
(Gain) loss on derivative instruments	14	(1,639)
Non-cash compensation expense	25	71
Non-cash reorganization items, net	2,989	0
Noncash Interest Expense	26,313	0
Tax effect of the termination of derivative agreements	(10,302)	0
Loss on sale of assets	2,207	566
Pension and other postretirement benefit obligations	(820)	(432)
Impairment of long-lived assets	91,599	2,128
Goodwill impairment	0	216
Changes in assets and liabilities:
Accounts receivable, net	5,463	6,889
Inventory	484	(87)
Prepaid expenses	(103)	9,622
Other assets	(2,885)	(1,181)
Accounts payable	1,944	1,859
Accrued expenses	4,992	1,609
Accrued interest	(340)	(397)
Deferred revenue	(754)	(949)
Other long-term liabilities	(152)	(513)
Net cash (used in) provided by operating activities	(9,737)	24,222
Cash flows from investing activities:
Purchases of property, plant, and equipment	(3,242)	(2,854)
Proceeds from sale of assets and insurance	743	840
Net cash used in investing activities	(2,499)	(2,014)
Cash flows from financing activities:
Repayments under current portion of long-term debt	(6,648)	(4,600)
Net cash used in financing activities	(2,538)	(4,600)
Net (decrease) increase in cash and cash equivalents	(14,774)	17,608
Cash and cash equivalents at beginning of period	34,527	19,212
Cash and cash equivalents at end of period	19,753	36,820
Debtor In Possession [Member]
Cash flows from operating activities: [Abstract]
Net loss	(160,789)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	29,495
Amortization of deferred financing costs	771
(Gain) loss on derivative instruments	14
Non-cash compensation expense	25
Non-cash reorganization items, net	2,989
Noncash Interest Expense	26,313
Tax effect of the termination of derivative agreements	(10,302)
Loss on sale of assets	2,208
Pension and other postretirement benefit obligations	(820)
Impairment of long-lived assets	91,599
Goodwill impairment	0
Changes in assets and liabilities:
Accounts receivable, net	5,778
Inventory	582
Prepaid expenses	(587)
Other assets	(1,860)
Accounts payable	(97)
Accrued expenses	1,514
Accrued interest	(526)
Deferred revenue	(723)
Other long-term liabilities	(152)
Net cash (used in) provided by operating activities	(14,568)
Cash flows from investing activities:
Purchases of property, plant, and equipment	(3,242)
Proceeds from sale of assets and insurance	743
Net cash used in investing activities	(2,499)
Cash flows from financing activities:
Repayments under current portion of long-term debt	(6,648)
Net cash used in financing activities	(6,648)
Net (decrease) increase in cash and cash equivalents	(23,715)
Cash and cash equivalents at beginning of period	34,527
Cash and cash equivalents at end of period	$ 10,812

Condensed Consolidated Balance Sheets (Debtor-In-Possession) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 30, 2012	Sep. 30, 2012	Jan. 01, 2012
Current assets:
Cash and cash equivalents	$ 19,753	$ 34,527	$ 36,820	$ 19,212
Restricted cash	6,467	6,467
Accounts receivable, net of allowance for doubtful accounts of $3,871 and $2,456 at September 29, 2013 and December 30, 2012, respectively	63,134	54,692
Inventory	7,071	6,019
Prepaid expenses	7,929	5,815
Other current assets	10,591	8,215
Total current assets	114,945	115,735
Property, plant, and equipment, net of accumulated depreciation of $138,077 and $128,208 at September 29, 2013 and December 30, 2012, respectively	178,625	116,510
Goodwill	14,204	13,742
Intangible assets, net of accumulated amortization of $214,002 and $196,878 at September 29, 2013 and December 30, 2012, respectively	113,884	218,981
Deferred financing costs, net	1,891	1,719
Other assets	2,952	2,605
Assets held for sale	474	474
Total assets	426,975	469,766
Current liabilities:
Current portion of long-term liabilities	700	853
Current portion of long-term debt	609	6,648
Accounts payable	11,948	9,396
Accrued expenses	35,055	26,258
Accrued interest	186	4,665
Deferred revenue	31,399	25,217
Total current liabilities	79,897	73,037
Long-term liabilities:
Long-term debt	32,391	1,167,450
Long-term liabilities, less current portion	2,641	2,347
Derivative instruments	0	45,724
Pension and other postretirement benefit obligations	14,385	15,367
Liabilities subject to compromise	1,200,023	0
Total liabilities	1,329,337	1,303,925
Stockholders' deficit:
Common stock, $0.01 par value, 150,000,000 shares authorized at September 29, 2013 and December 30, 2012; 58,313,868 issued and 58,077,031 outstanding at September 29, 2013 and December 30, 2012	568	568
Additional paid-in capital	831,369	831,344
Accumulated other comprehensive loss	(17,241)	(52,642)
Accumulated deficit	(1,771,706)	(1,610,917)
Treasury stock, at cost, 236,837 shares at September 29, 2013 and December 30, 2012	(310)	(310)
Total GateHouse Media stockholders' deficit	(957,320)	(831,957)
Noncontrolling interest	54,958	(2,202)
Total stockholders' deficit	(902,362)	(834,159)
Total liabilities and stockholders' deficit	$ 426,975	$ 469,766