2012 Q4 Form 10-K Financial Statement

#000119312514075430 Filed on February 28, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $697.1M
YoY Change 0.2%
Cost Of Revenue $597.4M $581.0M $620.1M
YoY Change -0.13% -3.17% -2.63%
Gross Profit $99.71M $103.1M $114.4M
YoY Change 2.16% -5.09% -7.48%
Gross Profit Margin 14.3%
Selling, General & Admin $74.80M $65.42M $68.97M
YoY Change 12.14% 1.59% 5.14%
% of Gross Profit 75.02% 63.47% 60.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.60M $29.10M $30.50M
YoY Change -1.56% -8.2% -2.87%
% of Gross Profit 31.69% 28.23% 26.65%
Operating Expenses $78.70M $65.42M $68.97M
YoY Change 11.63% -4.22% -0.76%
Operating Profit $21.01M $23.62M $42.09M
YoY Change -22.47% -41.4% -22.34%
Interest Expense -$10.90M -$7.700M -$12.20M
YoY Change -9.92% -54.97% 41.86%
% of Operating Profit -51.88% -32.61% -28.98%
Other Income/Expense, Net $2.700M $1.118M -$4.514M
YoY Change -41.3% -323.6% 1028.5%
Pretax Income -$10.20M $15.75M $29.56M
YoY Change -166.23% -2.17% 260.44%
Income Tax $1.200M $5.392M -$46.23M
% Of Pretax Income 34.23% -156.4%
Net Earnings -$9.923M $11.62M $77.32M
YoY Change -142.77% -25.96% 306.93%
Net Earnings / Revenue -1.42%
Basic Earnings Per Share -$0.70 $0.46 $3.49
Diluted Earnings Per Share -$0.70 $0.44 $3.28
COMMON SHARES
Basic Shares Outstanding 17.45M shares 17.58M shares
Diluted Shares Outstanding 18.29M shares 18.71M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $270.6M $217.8M $252.1M
YoY Change -25.19% -23.93% -19.59%
Cash & Equivalents $270.6M $217.8M $252.1M
Short-Term Investments
Other Short-Term Assets $87.80M $75.40M $79.00M
YoY Change 25.25% 4.0% 12.54%
Inventory $143.3M $161.6M $154.5M
Prepaid Expenses $21.90M
Receivables $350.0M $543.8M $527.8M
Other Receivables $117.0M $0.00 $0.00
Total Short-Term Assets $990.5M $998.6M $1.013B
YoY Change -1.5% -1.93% -6.93%
LONG-TERM ASSETS
Property, Plant & Equipment $628.6M $621.0M $606.1M
YoY Change 1.43% 1.24% -7.47%
Goodwill $133.7M
YoY Change -1.97%
Intangibles $116.7M
YoY Change -11.37%
Long-Term Investments
YoY Change
Other Assets $83.74M $148.5M $143.3M
YoY Change 6.69% 26.49% 20.93%
Total Long-Term Assets $1.036B $1.027B $1.010B
YoY Change 3.73% 2.49% -4.47%
TOTAL ASSETS
Total Short-Term Assets $990.5M $998.6M $1.013B
Total Long-Term Assets $1.036B $1.027B $1.010B
Total Assets $2.026B $2.025B $2.023B
YoY Change 1.11% 0.26% -5.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.4M $240.8M $260.5M
YoY Change 5.72% 7.12% -2.73%
Accrued Expenses $80.15M $190.3M $177.8M
YoY Change -26.22% -22.04% -29.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $32.60M $30.20M $32.80M
YoY Change -1.51% -14.93% -22.46%
Total Short-Term Liabilities $486.9M $461.2M $471.1M
YoY Change 0.81% -8.56% -16.47%
LONG-TERM LIABILITIES
Long-Term Debt $450.8M $452.0M $453.0M
YoY Change -1.05% -1.01% -1.33%
Other Long-Term Liabilities $42.13M $273.9M $274.9M
YoY Change -5.57% 0.07% -2.52%
Total Long-Term Liabilities $42.13M $725.9M $727.9M
YoY Change -5.57% -0.6% -1.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $486.9M $461.2M $471.1M
Total Long-Term Liabilities $42.13M $725.9M $727.9M
Total Liabilities $1.261B $1.221B $1.232B
YoY Change -0.11% -4.03% -9.02%
SHAREHOLDERS EQUITY
Retained Earnings $201.9M
YoY Change 61.95%
Common Stock $471.9M
YoY Change -2.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $628.3M $804.4M $791.9M
YoY Change
Total Liabilities & Shareholders Equity $2.026B $2.025B $2.023B
YoY Change 1.11% 0.26% -5.72%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income -$9.923M $11.62M $77.32M
YoY Change -142.77% -25.96% 306.93%
Depreciation, Depletion And Amortization $31.60M $29.10M $30.50M
YoY Change -1.56% -8.2% -2.87%
Cash From Operating Activities $106.9M $12.80M -$700.0K
YoY Change -15.49% -33.68% -101.46%
INVESTING ACTIVITIES
Capital Expenditures -$39.60M -$33.00M -$29.30M
YoY Change 4.21% 33.06% 0.0%
Acquisitions
YoY Change
Other Investing Activities $5.600M $700.0K $4.600M
YoY Change -354.55% -106.67% -87.7%
Cash From Investing Activities -$34.00M -$32.30M -$24.70M
YoY Change -15.63% -8.76% -404.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.80M -13.30M -18.10M
YoY Change 80.87% 92.75% 805.0%
NET CHANGE
Cash From Operating Activities 106.9M 12.80M -700.0K
Cash From Investing Activities -34.00M -32.30M -24.70M
Cash From Financing Activities -20.80M -13.30M -18.10M
Net Change In Cash 52.10M -32.80M -43.50M
YoY Change -30.25% 42.61% -180.26%
FREE CASH FLOW
Cash From Operating Activities $106.9M $12.80M -$700.0K
Capital Expenditures -$39.60M -$33.00M -$29.30M
Free Cash Flow $146.5M $45.80M $28.60M
YoY Change -10.94% 3.85% -63.05%

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15737564 shares
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
38.84
CY2013 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.07 pure
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.39
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 12px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1. Description of Business</b></font></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 4px"><font style="FONT-FAMILY: Times New Roman" size="2"><i>Description of business</i></font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 4px; TEXT-INDENT: 5%"> <font style="FONT-FAMILY: Times New Roman" size="2">Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the &#x201C;Company,&#x201D; &#x201C;Cooper Standard,&#x201D; &#x201C;we,&#x201D; &#x201C;our&#x201D; or &#x201C;us&#x201D;), through its wholly-owned subsidiary CSA U.S., is a leading manufacturer of sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions, and anti-vibration systems (&#x201C;AVS&#x201D;) components, systems, subsystems and modules. The Company&#x2019;s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (&#x201C;OEMs&#x201D;) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries.</font></p> <p style="MARGIN-BOTTOM: 0px; MARGIN-TOP: 8px; TEXT-INDENT: 5%"> <font style="FONT-FAMILY: Times New Roman" size="2">The Company believes that they are the largest global producer of body sealing systems, the second largest global producer of the types of fuel and brake delivery products that they manufacture and one of the largest North&#xA0;American producers of fluid transfer systems. They design and manufacture their products in each major region of the world through a disciplined and sustained approach to engineering and operational excellence. The Company operates in 74&#xA0;manufacturing locations and 10 design, engineering, and administrative locations in 19&#xA0;countries around the world.</font></p> </div>
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2013 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
952972 shares
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.502 pure
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4363 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0000 pure
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
39.15
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
199083 shares
CY2013 us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
7% preferred stock was converted at the rate of 4.34164 shares of the Company's common stock for each share of 7% preferred stock, or into an aggregate of 3,518,366 shares of common stock.
CY2013 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7110000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
133257000
CY2013 us-gaap Property Plant And Equipment Preproduction Design And Development Costs
PropertyPlantAndEquipmentPreproductionDesignAndDevelopmentCosts
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <i>Pre-Production Costs Related to Long Term Supply Arrangements</i> &#x2013; Costs for molds, dies, and other tools owned by the Company to produce products under long-term supply arrangements are recorded at cost in property, plant, and equipment and amortized over the lesser of three years or the term of the related supply agreement. The amounts capitalized were $2,593 and $2,026 at December&#xA0;31, 2012 and 2013, respectively. The Company expenses all pre-production tooling costs related to customer-owned tools for which reimbursement is not contractually guaranteed by the customer. Reimbursable tooling costs included in other assets in the accompanying consolidated balance sheets were $3,877 and $13,786 at December&#xA0;31, 2012 and 2013, respectively. Reimbursable tooling costs are recorded in tooling receivable in the accompanying consolidated balance sheets if considered a receivable in the next twelve months. Tooling receivable for customer-owned tooling for the years ended December&#xA0;31, 2012 and 2013 was $116,947 and $156,205, respectively, of which $78,403 and $99,687, respectively, was not yet invoiced to the customer.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
26.23
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
191090 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14679369 shares
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 Segment
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65695000
CY2013 us-gaap Gross Profit
GrossProfit
472738000
CY2013 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
63066000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
90853000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M24D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.009 pure
CY2013 us-gaap Maturity Of Foreign Currency Derivatives1
MaturityOfForeignCurrencyDerivatives1
2014-04-30
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
113124 shares
CY2013 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><em>Reclassifications&#xA0;</em>&#x2013; Certain amounts in prior periods&#x2019; financial statements have been reclassified to conform to the current year presentation. In the Company&#x2019;s balance sheet as of December&#xA0;31, 2012, $32,616 was reclassified from accounts receivable, net to other current assets to conform to the current period presentation.</div>
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
16374 shares
CY2013 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P9Y8M12D
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
139506 shares
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <i>Use of estimates</i> &#x2013; The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of (1)&#xA0;revenues and expenses during the reporting period and (2)&#xA0;assets and liabilities, as well as disclosure of contingent assets and liabilities, at the date of the financial statements. Actual results could differ from those estimates.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.018 pure
CY2013 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-702000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-9415000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1896000
CY2013 us-gaap Revenues
Revenues
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
908000
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15740000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-116000
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
47175000
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3090542000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13504000
CY2013 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
5723000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18133000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7437000
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
3930000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
72720000
CY2013 us-gaap Profit Loss
ProfitLoss
45254000
CY2013 us-gaap Gain Loss On Sale Of Accounts Receivable
GainLossOnSaleOfAccountsReceivable
-1702000
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
35259000
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
628000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
142141000
CY2013 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
5981000
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
8269000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
-1053000
CY2013 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
65459000
CY2013 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1911000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12550000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
49786000
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss
1511000
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
22099000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
47941000
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
785000
CY2013 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4747000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-17224000
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
31823000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17812000
CY2013 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-121912000
CY2013 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5685000
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
217549000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-250000
CY2013 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11070000
CY2013 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
183336000
CY2013 us-gaap Restructuring Reserve Settled Without Cash1
RestructuringReserveSettledWithoutCash1
1369000
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
80000
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2687000
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-7107000
CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-2629000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
692000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-23047000
CY2013 us-gaap Dividends Preferred Stock
DividendsPreferredStock
4454000
CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
20386000
CY2013 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2120000
CY2013 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2902000
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2617804000
CY2013 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
111000000
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
27479000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
413000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
297000
CY2013 us-gaap Restructuring And Related Cost Expected Cost
RestructuringAndRelatedCostExpectedCost
0
CY2013 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
194357000
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
561000
CY2013 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11253000
CY2013 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
52925000
CY2013 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
2493000
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
11576000
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-486000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-86185000
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
400000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
26853000
CY2013 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
468000
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7939000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
3196000
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
58369000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
31798000
CY2013 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3636000
CY2013 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1911000
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
18706000
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-191084000
CY2013 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-30612000
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions
CY2013 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
103475000
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-2054000
CY2013 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
21000
CY2013 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
7724000
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1559000
CY2013 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
111028000
CY2013 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
5163000
CY2013 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
99000
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
7073000
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15431000
CY2013 us-gaap Restructuring Charges
RestructuringCharges
21720000
CY2013 us-gaap Depreciation
Depreciation
95597000
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
7214000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-4536000
CY2013 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
61000
CY2013 us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
7073000
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1980000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-6824000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
110000
CY2012 us-gaap Revenues
Revenues
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
2294000
CY2013 us-gaap Advertising Expense
AdvertisingExpense
3059000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2585000
CY2013 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
293446000
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45599000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5311000
CY2013 cps Income Tax Reconciliation Tax Audits And Assessments
IncomeTaxReconciliationTaxAuditsAndAssessments
243000
CY2013 cps Stock Based Compensation Relating To Preferred Stock
StockBasedCompensationRelatingToPreferredStock
824000
CY2013 cps Amount Of Account Receivable Factoring Without Recourse
AmountOfAccountReceivableFactoringWithoutRecourse
474233000
CY2013 cps Loss On Sale Of Accounts Receivable With Recourse
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432000
CY2013 cps Maximum Secured Debt Maturity Period
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P1Y
CY2013 cps Incremental Common Shares Attributable To Options
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10385 shares
CY2013 cps Loss On Sale Of Accounts Receivable Without Recourse
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2876000
CY2013 cps Equity Profit Loss
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45380000
CY2013 cps Interest Expense Net Of Interest Income
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54921000
CY2013 cps Stock Based Compensation Relating To Preferred Stock Shares
StockBasedCompensationRelatingToPreferredStockShares
shares
CY2013 cps Income Loss Before Equity In Income Of Subsidiaries
IncomeLossBeforeEquityInIncomeOfSubsidiaries
45200000
CY2013 cps Share Based Compensation Arrangement By Share Based Payment Award Fair Value Period Increase Decrease
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-205000
CY2013 cps Amount Of Account Receivable Factoring With Recourse
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89642000
CY2013 cps Cash Payments And Foreign Exchange Translation
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21247000
CY2013 cps Preferred Stock Shares Forfeited Value
PreferredStockSharesForfeitedValue
CY2013 cps Number Of Warrants Exercised During Period
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419124 shares
CY2013 cps Tax Credit Carry Forward Expiration Year
TaxCreditCarryForwardExpirationYear
2017
CY2013 cps Defined Benefit Plans Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlansEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
299000
CY2013 cps Stock Issued During Period Value Warrant Exercised
StockIssuedDuringPeriodValueWarrantExercised
-11253000
CY2013 cps Miscellaneous Income Expense
MiscellaneousIncomeExpense
3600000
CY2013 cps Other Comprehensive Income Reclassification Adjustment Net Of Tax
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-756000
CY2013 cps Preferred Dividends Undistributed Earnings And Premium Allocated To Participating Securities
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12887000
CY2013 cps Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
35054000
CY2013 cps Other Comprehensive Income Reclassification Of Defined Benefit Plans Reclassification Adjustment Tax Effect
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373000
CY2013 cps Defined Benefit Plans Effect Of One Percentage Point Decrease On Service And Interest Cost Components
DefinedBenefitPlansEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents
235000
CY2013 cps Share Based Compensation Arrangements By Share Based Payment Award Fair Value Assumptions Expected Term Maximum
ShareBasedCompensationArrangementsByShareBasedPaymentAwardFairValueAssumptionsExpectedTermMaximum
P6Y
CY2013 cps Preferred Stock Shares Forfeited
PreferredStockSharesForfeited
998 shares
CY2013 cps Other Comprehensive Income Reclassification Of Defined Benefit Plans Reclassification Adjustment Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansReclassificationAdjustmentBeforeTax
1426000
CY2013 cps Common Stock Number Of Vote Per Share
CommonStockNumberOfVotePerShare
1 vote_per_share
CY2013 cps Common Shares Issued Upon Conversion Of Preferred Stock Value
CommonSharesIssuedUponConversionOfPreferredStockValue
121912000
CY2013 cps Income Tax Reconciliation Foreign Withholding Taxes
IncomeTaxReconciliationForeignWithholdingTaxes
196000
CY2013 cps Net Operating Loss And Tax Credit Carryforward Expiration Dates
NetOperatingLossAndTaxCreditCarryforwardExpirationDates
Beginning in 2014
CY2013 cps Number Of Operate Company Manufacturing Locations
NumberOfOperateCompanyManufacturingLocations
74 Location
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-346000
CY2013 cps Non Elective And Matching Contributions Under Plans
NonElectiveAndMatchingContributionsUnderPlans
13609000
CY2013 cps Value Of Common Shares Repurchased
ValueOfCommonSharesRepurchased
217549000
CY2013 cps Remeasurement Of Redeemable Noncontrolling Interest
RemeasurementOfRedeemableNoncontrollingInterest
8249000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.14
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18520685 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
666546 shares
CY2012 us-gaap Preferred Stock Dividend Rate Percentage
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0.07 pure
CY2012 us-gaap Earnings Per Share Basic
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4.40
CY2012 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
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531 shares
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.469 pure
CY2012 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
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