Potomac Holding LLC

CIK:0001625703|SEC Filings

Business Overview and Basis of Presentation - Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 03, 2015	Mar. 28, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (20,102)	$ (4,401)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	(13,097)	(610)
Income tax (expense) benefit	297	213
Other comprehensive income (loss) before reclassifications, net of income taxes	(12,800)	(397)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	0	0
Total other comprehensive income (loss), net of income taxes	(12,800)	(397)
Ending balance	(32,902)	(4,798)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(17,445)	(3,086)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	(12,163)	103
Income tax (expense) benefit	0	0
Other comprehensive income (loss) before reclassifications, net of income taxes	(12,163)	103
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	0	0
Total other comprehensive income (loss), net of income taxes	(12,163)	103
Ending balance	(29,608)	(2,983)
Pension Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(2,657)	(1,315)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	(934)	(713)
Income tax (expense) benefit	297	213
Other comprehensive income (loss) before reclassifications, net of income taxes	(637)	(500)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	0	0
Total other comprehensive income (loss), net of income taxes	(637)	(500)
Ending balance	$ (3,294)	$ (1,815)

Combined Condensed Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 03, 2015	Mar. 28, 2014
Cash flows from operating activities:
Net earnings	$ 14,567us-gaap_NetIncomeLoss	$ 29,259us-gaap_NetIncomeLoss
Non-cash items:
Depreciation	3,313us-gaap_Depreciation	3,193us-gaap_Depreciation
Amortization	6,398us-gaap_AdjustmentForAmortization	6,656us-gaap_AdjustmentForAmortization
Stock-based compensation expense	1,154us-gaap_ShareBasedCompensation	1,969us-gaap_ShareBasedCompensation
Change in deferred income taxes	(5,496)	(2,894)
Change in trade accounts receivable, net	17,313	14,624
Change in inventories	(9,485)us-gaap_IncreaseDecreaseInInventories	9,832us-gaap_IncreaseDecreaseInInventories
Change in trade accounts payable	(4,279)	(1,327)
Change in deferred revenue	27,110	(10,590)
Change in prepaid expenses and other assets	(1,124)	(2,142)
Change in accrued expenses and other liabilities	(31,354)	(17,570)
Net cash provided by (used in) operating activities	18,117	31,010
Cash flows from investing activities:
Payments for additions to property, plant and equipment	(2,294)	(3,742)
Net cash provided by (used in) investing activities	(2,294)	(3,742)
Cash flows from financing activities:
Net transfers from (to) Parent	(10,823)	(24,768)
Payments relating to earn-out liability	(5,000)	(2,500)
Net cash provided by (used in) financing activities	(15,823)	(27,268)
Net change in cash and equivalents	0	0
Beginning balance of cash and equivalents	0	0
Ending balance of cash and equivalents	$ 0	$ 0

Combined Condensed Balance Sheets (USD $) In Thousands, unless otherwise specified	Apr. 03, 2015	Dec. 31, 2014
Current Assets:
Trade accounts receivable, less allowance for doubtful accounts of $2,973 and $2,323, respectively	$ 166,675us-gaap_AccountsReceivableNetCurrent	$ 188,058us-gaap_AccountsReceivableNetCurrent
Inventories	62,668us-gaap_InventoryNet	54,530us-gaap_InventoryNet
Prepaid expenses and other current assets	34,617	33,492
Total current assets	263,960us-gaap_AssetsCurrent	276,080us-gaap_AssetsCurrent
Property, plant and equipment, net	45,130us-gaap_PropertyPlantAndEquipmentNet	46,323us-gaap_PropertyPlantAndEquipmentNet
Other assets	7,244us-gaap_OtherAssetsNoncurrent	7,245us-gaap_OtherAssetsNoncurrent
Goodwill	696,551us-gaap_Goodwill	704,890us-gaap_Goodwill
Other intangible assets, net	196,869	204,291
Total assets	1,209,754us-gaap_Assets	1,238,829us-gaap_Assets
Current Liabilities:
Trade accounts payable	43,598us-gaap_AccountsPayableTradeCurrent	48,759us-gaap_AccountsPayableTradeCurrent
Accrued expenses and other liabilities	55,206us-gaap_OtherLiabilitiesCurrent	91,591us-gaap_OtherLiabilitiesCurrent
Deferred revenue	220,815us-gaap_DeferredRevenueCurrent	194,104us-gaap_DeferredRevenueCurrent
Total current liabilities	319,619us-gaap_LiabilitiesCurrent	334,454us-gaap_LiabilitiesCurrent
Long-term deferred revenue	34,153us-gaap_DeferredRevenueNoncurrent	35,026us-gaap_DeferredRevenueNoncurrent
Other long-term liabilities	73,468us-gaap_OtherLiabilitiesNoncurrent	78,933us-gaap_OtherLiabilitiesNoncurrent
Parent's Equity:
Net parent investment	815,416us-gaap_MembersCapital	810,518us-gaap_MembersCapital
Accumulated other comprehensive loss	(32,902)	(20,102)
Total parent's / member's equity	782,514us-gaap_MembersEquity	790,416us-gaap_MembersEquity
Total liabilities and parent's / member's equity	1,209,754	1,238,829
Potomac Holding LLC [Member]
Current Assets:
Total assets	0
Current Liabilities:
Total liabilities	0
Parent's Equity:
Total parent's / member's equity	0
Total liabilities and parent's / member's equity	$ 0