Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CHECKPOINT SYSTEMS INC | Financial_Report.xls |
| 8-K - 8-K - CHECKPOINT SYSTEMS INC | a2012continuingops520138-k.htm |
CHECKPOINT SYSTEMS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Quarter (13 weeks) | Quarter (13 weeks) | Quarter (13 weeks) | Quarter (14 weeks) | YTD (53 weeks) | |||||||||||||||
(amounts in thousands, except per share data) | March 25, 2012 | June 24, 2012 | September 23, 2012 | December 30, 2012 | December 30, 2012 | ||||||||||||||
Net revenues | $ | 144,194 | $ | 177,604 | $ | 168,813 | $ | 200,178 | $ | 690,789 | |||||||||
Cost of revenues | 91,173 | 107,080 | 100,153 | 121,541 | 419,947 | ||||||||||||||
Gross profit | 53,021 | 70,524 | 68,660 | 78,637 | 270,842 | ||||||||||||||
Selling, general, and administrative expenses | 65,603 | 65,220 | 56,881 | 61,385 | 249,089 | ||||||||||||||
Research and development | 4,454 | 4,020 | 4,335 | 3,591 | 16,400 | ||||||||||||||
Restructuring expenses | 1,718 | 21,266 | 4,112 | 1,326 | 28,422 | ||||||||||||||
Goodwill impairment | — | 64,437 | — | 38,278 | 102,715 | ||||||||||||||
Litigation settlement | — | — | — | 295 | 295 | ||||||||||||||
Acquisition costs | 14 | 96 | 17 | 205 | 332 | ||||||||||||||
Other expense (income) | 745 | — | — | (4,652 | ) | (3,907 | ) | ||||||||||||
Other operating income | — | — | — | 2,043 | 2,043 | ||||||||||||||
Operating (loss) income | (19,513 | ) | (84,515 | ) | 3,315 | (19,748 | ) | (120,461 | ) | ||||||||||
Interest income | 500 | 395 | 396 | 466 | 1,757 | ||||||||||||||
Interest expense | 1,935 | 1,939 | 4,668 | 2,105 | 10,647 | ||||||||||||||
Other gain (loss), net | (150 | ) | (146 | ) | 325 | (1,760 | ) | (1,731 | ) | ||||||||||
Loss from continuing operations before income taxes | (21,098 | ) | (86,205 | ) | (632 | ) | (23,147 | ) | (131,082 | ) | |||||||||
Income taxes (benefit) expense | (10,196 | ) | 5,624 | 3,648 | 8,288 | 7,364 | |||||||||||||
Net loss from continuing operations | (10,902 | ) | (91,829 | ) | (4,280 | ) | (31,435 | ) | (138,446 | ) | |||||||||
Loss from discontinued operations, net of tax (benefit) expense of ($80), $77, $117, $133, and $247 | (368 | ) | (2,357 | ) | (1,105 | ) | (4,129 | ) | (7,959 | ) | |||||||||
Net loss | (11,270 | ) | (94,186 | ) | (5,385 | ) | (35,564 | ) | (146,405 | ) | |||||||||
Less: loss attributable to non-controlling interests | (279 | ) | (25 | ) | (51 | ) | (174 | ) | (529 | ) | |||||||||
Net loss attributable to Checkpoint Systems, Inc. | $ | (10,991 | ) | $ | (94,161 | ) | $ | (5,334 | ) | $ | (35,390 | ) | $ | (145,876 | ) | ||||
Basic loss attributable to Checkpoint Systems, Inc. per share: | |||||||||||||||||||
Loss from continuing operations | $ | (0.26 | ) | $ | (2.24 | ) | $ | (0.10 | ) | $ | (0.76 | ) | $ | (3.36 | ) | ||||
Loss from discontinued operations, net of tax | (0.01 | ) | (0.06 | ) | (0.03 | ) | (0.10 | ) | (0.20 | ) | |||||||||
Basic loss attributable to Checkpoint Systems, Inc. per share | $ | (0.27 | ) | $ | (2.30 | ) | $ | (0.13 | ) | $ | (0.86 | ) | $ | (3.56 | ) | ||||
Diluted loss attributable to Checkpoint Systems, Inc. per share: | |||||||||||||||||||
Loss from continuing operations | $ | (0.26 | ) | $ | (2.24 | ) | $ | (0.10 | ) | $ | (0.76 | ) | $ | (3.36 | ) | ||||
Loss from discontinued operations, net of tax | (0.01 | ) | (0.06 | ) | (0.03 | ) | (0.10 | ) | (0.20 | ) | |||||||||
Diluted loss attributable to Checkpoint Systems, Inc. per share | $ | (0.27 | ) | $ | (2.30 | ) | $ | (0.13 | ) | $ | (0.86 | ) | $ | (3.56 | ) | ||||
BUSINESS SEGMENTS (UNAUDITED)
Quarter (13 weeks) | Quarter (13 weeks) | Quarter (13 weeks) | Quarter (14 weeks) | YTD (53 weeks) | |||||||||||||||
(amounts in thousands) | March 25, 2012 | June 24, 2012 | September 23, 2012 | December 30, 2012 | December 30, 2012 | ||||||||||||||
Business segment net revenue: | |||||||||||||||||||
Shrink Management Solutions | $ | 88,003 | $ | 113,276 | $ | 114,509 | $ | 134,332 | $ | 450,120 | |||||||||
Apparel Labeling Solutions | 40,399 | 51,749 | 41,759 | 51,060 | 184,967 | ||||||||||||||
Retail Merchandising Solutions | 15,792 | 12,579 | 12,545 | 14,786 | 55,702 | ||||||||||||||
Total | $ | 144,194 | $ | 177,604 | $ | 168,813 | $ | 200,178 | $ | 690,789 | |||||||||
Business segment gross profit: | |||||||||||||||||||
Shrink Management Solutions | $ | 39,361 | $ | 50,467 | $ | 52,672 | $ | 56,203 | $ | 198,703 | |||||||||
Apparel Labeling Solutions | 6,621 | 14,904 | 10,101 | 15,035 | 46,661 | ||||||||||||||
Retail Merchandising Solutions | 7,039 | 5,153 | 5,887 | 7,399 | 25,478 | ||||||||||||||
Total gross profit | $ | 53,021 | $ | 70,524 | $ | 68,660 | $ | 78,637 | $ | 270,842 | |||||||||