non-gaap information€¦ · non-gaap s,g&a q1 2016 q2 2016 q3 2016 q4 2016 q1 2017 q2 2017 q3 2017...

Non-GAAP Information

5/3/2018

Non-GAAP Information

2

Use of Non-GAAP Financial Information:

The Company believes that non-GAAP performance measures, which management uses in evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, the non-GAAP performance measures should be viewed in addition to, not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States.The Company defines Adjusted Gross Profit as Gross Profit plus manufacturing integration expenses of new or expanded operations, plus acquisition expense related to the fair market write up of inventories, plus one time items so defined (Note 1)The Company defines Adjusted S,G&A as S,G&A less manufacturing integration expenses included in selling, general and administrative, less direct acquisition expenses, less one time items so defined. (Note 2)The Company defines Adjusted Operating Income as Operating Income plus manufacturing integration expenses of new or expanded operations, plus acquisition expense related to the fair market write up of inventories, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 3)The company defines Adjusted Income from Continuing Operations as net income plus loss from discontinued operations net of tax, plus manufacturing integration expenses of new or expanded operations, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined , all tax effected. (Note 4)

The Company defines Adjusted EBIT as net income plus taxes and plus interest. The Company defines Adjusted EBITDA as Adjusted EBIT plus depreciation and amortization, plus manufacturing in integration expenses of new or expanded operations, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 5)The company defines Free Cash Flow as Net Income plus interest plus depreciation plus non-cash impairment of assets and goodwill minus the net change in working capital minus the tax shield on interest minus capital expenditures. The change in net working capital is the change in current assets less current liabilities between periods. (Note 6)The company defines Non-GAAP Earnings per Share (EPS) as the adjusted operating income less Interest and other expense, tax adjusted at a 35% rate, and divided by the number of fully diluted shares. (Note 7)The Company defines Net Sales as Adjusted as net sales less the last week of sales in a 53 week fiscal year. (Note 8)The Company defines Non-GAAP earnings per Share (EPS) for the Jobs Cut and Tax Act of 2017 as Net Income less discontinued operations minus the effect of the tax act and divided by the number of fully diluted shares. (Note 9)

Definitions

Use of Non-GAAP Financial Information:

The Company believes that non-GAAP performance measures, which management uses in evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, the non-GAAP performance measures should be viewed in addition to, not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States.

The Company defines Adjusted Gross Profit as Gross Profit plus manufacturing integration expenses of new or expanded operations, plus acquisition expense related to the fair market write up of inventories, plus one time items so defined (Note 1)

The Company defines Adjusted S,G&A as S,G&A less manufacturing integration expenses included in selling, general and administrative, less direct acquisition expenses, less one time items so defined. (Note 2)

The Company defines Adjusted Operating Income as Operating Income plus manufacturing integration expenses of new or expanded operations, plus acquisition expense related to the fair market write up of inventories, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 3)

The company defines Adjusted Income from Continuing Operations as net income plus loss from discontinued operations net of tax, plus manufacturing integration expenses of new or expanded operations, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined , all tax effected. (Note 4)

The Company defines Adjusted EBIT as net income plus taxes and plus interest. The Company defines Adjusted EBITDA as Adjusted EBIT plus depreciation and amortization, plus manufacturing in integration expenses of new or expanded operations, plus facility consolidation and severance expenses, plus acquisition related expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 5)

The company defines Free Cash Flow as Net Income plus interest plus depreciation plus non-cash impairment of assets and goodwill minus the net change in working capital minus the tax shield on interest minus capital expenditures. The change in net working capital is the change in current assets less current liabilities between periods. (Note 6)

The company defines Non-GAAP Earnings per Share (EPS) as the adjusted operating income less Interest and other expense, tax adjusted at a 35% rate, and divided by the number of fully diluted shares. (Note 7)

The Company defines Net Sales as Adjusted as net sales less the last week of sales in a 53 week fiscal year. (Note 8)

The Company defines Non-GAAP earnings per Share (EPS) for the Jobs Cut and Tax Act of 2017 as Net Income less discontinued operations minus the effect of the tax act and divided by the number of fully diluted shares. (Note 9)

Internal Notes:

The above statement will be published in conjunction with our safe harbors statement if part of a presentation

We will use Adjusted Operating Income for the press release - that is the only reconciliation we will use in that form

We will use Adjusted EBITDA and EBITDA for the financial presentations

Non GAAP Press Release

Non-GAAP SummaryNon-GAAP SummaryWhat If?

Three Months EndedTwelve Months EndedForecastProfit Improvement Plans Summary201320142015201620172018Total

Non-GAAP Gross ProfitQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP Gross Profit200720082009201020112012201320142015201620172018Colormaster dryer write off 195- 0- 0- 0- 0- 0195Non-GAAP Operating Income201320142015201620172018

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650105,08498,858Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453412,462441,371West Coast Facility consolidation- 01,366202- 0- 0- 01,568Net Sales344,374406,588422,484397,453412,462441,3711

Gross Profit18,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,85722,76921,580Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425101,213108,820East Coast Facility consolidation- 04,1482,0161,380- 0- 07,544Operating income (loss)8,855(5,236)1,990(3,415)3,9658,9932

Plus: Business integration expense1,3031,1431,417875445- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3834,738445- 0- 0- 0- 0East Coast Asset write off- 01,133- 0- 0- 0- 01,133Plus: Business integration expense6,6161,874- 0- 0- 0- 03

Plus: Amortization of inventory step up- 0- 0260107- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 0- 0- 0- 0Corporate Office consolidation- 0- 072876- 0- 0804Plus: Profit improvement plans- 05,5142,9461,4566361,2854

Non-GAAP Adj. Gross Profit (Note 1)19,71523,44523,77723,73718,54626,86526,79524,34223,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,85722,76921,580Non-GAAP Adj. Gross Profit (Note 1)97,21778,08952,10556,65165,50666,75590,67496,548106,23195,425101,213108,820Profit Improvement Plan- 0- 0- 0- 06361,2851,921Plus: Amortization of inventory step up367606- 0- 0- 0- 05

Gross Profit as % of Net Sales24.4%26.7%24.6%23.9%21.3%24.7%24.4%23.1%24.3%26.7%25.0%24.4%21.9%26.8%25.8%21.3%25.8%26.5%24.2%21.7%21.8%Gross Profit as % of Net Sales30.3%27.6%25.6%24.5%24.3%24.5%24.8%23.5%25.1%24.0%24.5%24.7%Total facility consolidation and asset write off1956,6472,9461,4566361,28513,165Plus: Impairment of assets1951,133- 0- 0- 0- 0

Non-GAAP Adj. Gross Profit % of Net Sales26.1%28.0%26.4%24.9%21.8%24.9%24.6%23.3%24.3%26.7%25.0%24.4%21.9%26.8%25.8%21.3%25.8%26.5%24.2%21.7%21.8%Non-GAAP Adj. Gross Profit % of Net Sales30.3%27.6%25.6%24.5%24.3%25.1%26.3%23.7%25.1%24.0%24.5%24.7%Plus: Impairment of goodwill- 0- 0- 0- 0- 0- 0

Non-GAAP S,G&AQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP S,G&A200720082009201020112012201320142015201620172018Check Totals1956,6472,9461,4566361,28513,165Non-GAAP Adj. Operating Income16,0333,8924,936(1,959)4,60110,278

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650105,08498,858Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453412,462441,371Non-GAAP Adj. Operating Income %4.7%1.0%1.2%-0.5%1.1%2.3%

Selling and Administrative Expense16,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,04422,38423,120Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98396,17198,513

Plus: Business integration expense(165)(299)(770)(472)(377)(269)(555)(228)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 0- 0(1,706)(1,429)- 0- 0- 0- 0What it takes to get to Target1,18616,43816,18821,83216,02211,791

Less: Acquisition expenses- 0- 0(275)(75)(455)(154)(93)(88)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Acquisition expenses- 0- 0- 0- 0- 0(318)(350)(789)- 0- 0- 0- 0Operating income at Target17,21920,32921,12419,87320,62322,069

Non-GAAP Adj. Selling and Admin. Expense16,73018,54219,05119,84119,28523,83823,15424,68824,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,04422,38423,120Non-GAAP Adj. Selling and Admin. Expense78,78976,11560,54257,36260,66763,17174,16490,964100,42296,98396,17198,513Target Operating Income as % Net Sales5.0%5.0%5.0%5.0%5.0%5.0%

S,G&A as % of Net Sales22.4%22.5%22.3%21.4%23.6%22.5%21.8%23.9%25.8%23.8%23.2%22.5%26.5%23.1%23.7%24.6%25.1%23.6%23.4%21.3%23.4%S,G&A as % of Net Sales24.6%26.9%29.8%24.8%22.5%23.8%22.1%22.9%23.8%24.4%23.3%22.3%

Non-GAAP S,G&A as % of Net Sales (Note 2)22.2%22.2%21.2%20.8%22.7%22.1%21.2%23.6%25.8%23.8%23.2%22.5%26.5%23.1%23.7%24.6%25.1%23.6%23.4%21.3%23.4%Non-GAAP S,G&A as % of Net Sales (Note 2)24.6%26.9%29.8%24.8%22.5%23.7%21.5%22.4%23.8%24.4%23.3%22.3%

Non-GAAP Operating IncomeQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP Operating Income200720082009201020112012201320142015201620172018

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650105,08498,858Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453412,462441,371

Operating income (loss)1,6773,2711,9621,945(2,241)588832(4,414)(2,683)2,1771,2531,243(5,840)3,4031,916(2,894)6283,179767(608)(1,515)Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)3,9658,993

Plus: Acquisition expenses- 0- 0275754551549388- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Acquisition expenses- 0- 0- 0- 0- 0318350789- 0- 0- 0- 0

Plus: Amortization of inventory step up- 0- 0260107- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 0- 0- 0- 0

Plus: Business integration expense1,4681,4422,1871,519822269555228- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3836,6161,874- 0- 0- 0- 0

Plus: Profit improvement plans- 0- 0- 0- 0739491,6322,8607758756146821,413403(1)(359)- 0- 02634216Plus: Profit improvement plans- 02,3174,0911,556(563)- 0- 05,5142,9461,4566361,285

Plus: Impairment of assets- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Impairment of assets- 04,4781,459- 0- 0- 01951,133- 0- 0- 0- 0

Plus: Impairment of goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Impairment of goodwill- 023,12131,406- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. Operating Income (Loss) (Note 3)3,1454,7134,6853,841(891)2,8093,411(648)(1,908)3,0521,8671,925(4,427)3,8061,915(3,253)6283,17976926(1,299)Non-GAAP Adj. Operating Income (Loss) (Note 3)16,7071,456(8,434)(1,014)5,1053,51616,3844,6814,936(1,959)4,60110,278

Operating income as % of net sales2.2%3.9%2.2%2.0%-2.6%0.5%0.8%-4.2%-2.8%2.0%1.2%1.2%-6.5%3.2%1.9%-2.8%0.6%3.0%0.7%-0.6%-1.5%Operating income as % of net sales5.2%-10.1%-22.3%-1.1%2.1%0.7%2.6%-1.3%0.5%-0.9%1.0%2.0%

Adjusted operating income as a % of net sales4.2%5.6%5.2%4.0%-1.0%2.6%3.1%-0.6%-2.0%2.8%1.7%1.8%-5.0%3.6%1.9%-3.2%0.6%3.0%0.7%0.0%-1.3%Adjusted operating income as a % of net sales5.2%0.5%-4.1%-0.4%1.9%1.3%4.8%1.2%1.2%-0.5%1.1%2.3%

Non-GAAP Income from Continuing OperationsQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP Income from Continuing Operations200720082009201020112012201320142015201620172018

Net income (loss) as reported6361,6451,4121,5974,628(645)(185)(5,200)(2,468)50466(528)(4,767)1,677534(2,722)(604)1,103(558)(9,496)(2,907)Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(9,555)2,591

Less: (Loss) from discontinued, net tax(15)(32)(113)(106)(192)(135)(177)(1,570)(88)(12)(18)(30)(10)62(39)(84)(29)(123)(11)(69)(23)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(233)(224)

Income (loss) from Continuing Operations6521,6771,5251,7034,820(510)(8)(3,630)(2,380)51684(498)(4,757)1,615573(2,638)(575)1,225(546)(9,426)(2,884)Income (loss) from Continuing Operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(9,322)2,815





Less: Gain on purchase of business- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0



Plus: Tax effect of above(558)(548)(1,035)(720)3,643(844)(914)(1,431)(295)(333)(233)(259)(537)(153)0136- 0- 0(1)(241)(56)Plus: Tax effect of above- 0(11,368)(14,043)(591)214(646)(2,861)453(1,119)(553)(242)(488)

Plus: Tax credits, rate change and valuation allowance(157)- 0(733)(957)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 08,169- 0Plus: Tax credits, rate change and valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 08,169- 0

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)1,4052,5712,4801,921(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(545)(864)(2,724)Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,324)(3,409)9234028,377(68)(451)(4,304)(758)3,612

Adj diluted EPS from Cont. Op's0.110.200.190.15(0.09)0.060.10(0.08)(0.12)0.070.03(0.00)(0.25)0.120.04(0.18)(0.04)0.08(0.03)(0.06)(0.17)Adj diluted EPS from Cont. Op's0.51(1.01)(1.49)(0.27)0.070.030.65(0.00)(0.03)(0.28)(0.05)0.23

Wt'd avg. common shares outstanding - diluted12,73912,84612,89912,85213,01713,93715,39415,40715,43515,65615,66615,59015,60015,78315,74415,65915,67315,82615,70715,70715,851Wt'd avg. common shares outstanding - diluted13,21512,44912,33112,52412,62312,63812,85214,38215,53615,63815,69915,757

Non-GAAP EBIT and EBITDAQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP EBIT and EBITDA200720082009201020112012201320142015201620172018

Net income (loss) as reported6361,6451,4121,5974,628(645)(185)(5,200)(2,468)50466(528)(4,767)1,677534(2,722)(604)1,103(558)(9,496)(2,907)Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(9,555)2,591

Less: (Loss) from discontinued, net tax(15)(32)(113)(106)(192)(135)(177)(1,570)(88)(12)(18)(30)(10)62(39)(84)(29)(123)(11)(69)(23)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(233)(224)

Plus: Taxes23620(461)(758)2,854(13)45(1,830)(1,490)407(38)407(2,415)45127(1,685)(163)570(181)7,283(166)Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)7,509(166)

Plus: Interest9958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,4861,5351,533Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,7396,342

Non-GAAP Adjusted EBIT (Note 5)1,6693,1661,9601,9418,6866351,028(4,319)(2,693)2,1461,2491,241(5,848)3,3991,912(2,900)6243,153759(608)(1,517)Non-GAAP Adjusted EBIT (Note 5)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)3,9258,991

Plus: Depreciation and amortization2,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,2133,3283,143Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51512,94712,989

Non-GAAP EBITDA from Cont Op4,1845,7254,7084,38211,6743,8974,358(991)9445,8114,9014,407(2,350)6,7245,3223823,8346,3493,9722,7201,626Non-GAAP EBITDA from Cont Op29,742(14,382)(31,704)8,72115,07511,48818,99918,93716,06310,07816,87221,980



Less: Gain on purchase of business- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0





Non-GAAP Adj. EBITDA (Note 5)5,6527,1677,4316,2782,0876,1186,7642,7751,7196,6865,5155,089(937)7,1275,321233,8346,3493,9743,3541,842Non-GAAP Adj. EBITDA (Note 5)29,74215,5345,25210,27714,51213,18926,52817,74319,00911,53417,50823,265

Non-GAAP Adj. EBITDA as % of Net Sales7.5%8.6%8.3%6.6%2.5%5.7%6.2%2.7%1.8%6.1%5.1%4.7%-1.1%6.8%5.3%0.0%3.9%5.9%3.9%3.2%1.9%Non-GAAP Adj. EBITDA as % of Net Sales9.3%5.5%2.6%4.4%5.4%5.0%7.7%4.4%4.5%2.9%4.2%5.3%

Management estimate of severe weather (not in above)- 0- 0- 0- 01,054- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Management estimate of severe weather (not in above)- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0

Non-GAAP Free Cash FlowQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Non-GAAP Free Cash Flow200720082009201020112012201320142015201620172018

Non-GAAP Adjusted EBIT (from above)1,6693,1661,9601,9418,6866351,028(4,319)(2,693)2,1461,2491,241(5,848)3,3991,912(2,900)6243,153759(608)(1,517)Non-GAAP Adjusted EBIT (from above)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)3,9258,991

Times: 1 - Tax Rate = EBIAT1,0351,9631,2151,2045,385393638(2,678)(1,670)1,331774769(3,626)2,1071,185(1,798)3871,955470(377)(1,123)Times: 1 - Tax Rate = EBIAT10,416(17,443)(28,029)(1,769)3,3641,2975,4173,7381,205(2,131)2,4335,574

Plus: Depreciation and amortization2,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,2133,3283,143Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51512,94712,989

Plus: Non Cash Impairment of Assets, Goodwill- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Non Cash Impairment of Assets, Goodwill- 027,59932,865- 0- 0- 01951,133- 0- 0- 0- 0

Minus: Net change in Working Capital3,2769,0386,202(802)13,6753,4236,666(12,218)(886)2,656(478)(3,262)(4,671)(3,330)927(9,831)10,9066,24711,135(4,902)2,138Minus: Net change in Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)23,38623,386

Non-GAAP Cash from Operations274(4,516)(2,239)4,641(5,302)887(2,594)13,2422,8532,3404,9047,1974,5438,7623,66811,315(7,309)(1,096)(7,452)7,853(118)Non-GAAP Cash from Operations21,14625,29742,3158,8103,425(93)(1,839)6,23417,29528,289(8,006)(4,823)

Minus: Capital Expenditures2,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,7311,340752Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,5826,000

Minus: Business / Capital acquisitions- 0- 01,863- 06,716- 02,615- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Minus: Business / Capital acquisitions- 0- 0- 0- 0- 06,9611,8639,331- 0- 0- 0- 0

Non-GAAP Free Cash Flow (Note 6)(2,306)(7,957)(8,552)1,855(16,317)(3,305)(12,181)(4,120)(2,852)(258)3,1465,0283,3257,7422,3119,579(11,087)(3,829)(13,183)6,513(870)Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(21,588)(10,823)

Current Assets116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147163,756170,672Current Assets119,804110,64883,46391,32695,140109,440143,167161,095169,595145,358163,756164,825

Current Liabilities42,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,13258,64363,421Current Liabilities44,46736,70033,49040,35834,58238,09754,11060,49370,96363,63158,64359,712

Net Working Capital74,61983,65689,85889,057102,731106,154112,820100,60299,716102,372101,89498,63293,96190,63191,55881,72792,63398,880110,015105,113107,251Net Working Capital75,33773,94849,97350,96960,55771,34389,057100,60298,63281,727105,113105,113

Change in Net Working Capital3,2769,0386,202(802)13,6753,4236,666(12,218)(886)2,656(478)(3,262)(4,671)(3,330)927(9,831)10,9066,24711,135(4,902)2,138Change in Net Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)23,38623,386

Note: Working Capital restated for prior periods for adoption of reclassification of deferred taxes and deferred financing costs

Check TotalsQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018Check Totals200720082009201020112012201320142015201620172018

Non-GAAP Adj. Gross Profit (Note 1)19,71523,44523,77723,73718,54626,86526,79524,34223,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,85722,76921,580- 0Non-GAAP Adj. Gross Profit (Note 1)97,21778,08952,10556,65165,50666,75590,67496,548106,23195,425101,213108,820

Non-GAAP Adj. Selling and Admin. Expense16,73018,54219,05119,84119,28523,83823,15424,68824,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,04422,38423,120- 0Non-GAAP Adj. Selling and Admin. Expense78,78976,11560,54257,36260,66763,17174,16490,964100,42296,98396,17198,513

Non-GAAP Adj. Operating Income (Loss) (Note 3)3,1454,7134,6853,841(891)2,8093,411(648)(1,908)3,0521,8671,925(4,427)3,8061,915(3,253)6283,17976926(1,299)- 0Non-GAAP Adj. Operating Income (Loss) (Note 3)16,7071,456(8,434)(1,014)5,1053,51616,3844,6814,936(1,959)4,60110,278

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)1,4052,5712,4801,921(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(545)(864)(2,724)- 0Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,324)(3,409)9234028,377(68)(451)(4,304)(758)3,612

Non-GAAP Adj. EBITDA (Note 5)5,6527,1677,4316,2782,0876,1186,7642,7751,7196,6865,5155,089(937)7,1275,321233,8346,3493,9743,3541,842- 0Non-GAAP Adj. EBITDA (Note 5)29,74215,5345,25210,27714,51213,18926,52817,74319,00911,53417,50823,265

Non-GAAP Free Cash Flow (Note 6)(2,306)(7,957)(8,552)1,855(16,317)(3,304)(12,181)(4,120)(2,852)(258)3,1465,0283,3257,7422,3119,579(11,087)(3,829)(13,183)6,513(870)- 0Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(21,588)(10,823)

Non-GAAP Adj. Gross Profit (Note 1)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Adj. Gross Profit (Note 1)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. Selling and Admin. Expense- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Adj. Selling and Admin. Expense- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. Operating Income (Loss) (Note 3)- 00- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Adj. Operating Income (Loss) (Note 3)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)- 0- 0- 0- 0- 00- 0- 0- 0- 0

Non-GAAP Adj. EBITDA (Note 5)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Adj. EBITDA (Note 5)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Free Cash Flow (Note 6)- 00- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Non-GAAP Free Cash Flow (Note 6)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Worksheet Yr

AnnualY 2007Y 2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y 2015Y 2016Y2017TTM

Net Sales321283203231270266344407422397412414

Net Income (Loss)6.2(31.5)(42.2)(4.7)1.0(0.9)5.3(1.4)(2.4)(5.3)(9.6)(11.9)

Operating Income16.7(28.5)(45.4)(2.6)5.71.88.9(5.2)2.0(3.4)4.01.8

Non-GAAP Adjusted Op. Income16.71.5(8.4)(1.0)5.13.516.44.74.9(2.0)4.62.7

EBITDA29.2(14.7)(32.1)8.414.811.218.716.915.910.016.614.4

Non-GAAP Adjusted EBITDA29.715.55.310.314.513.226.517.719.011.517.515.5

Change Yr / YrY 2007Y 2008Y 2009Y 2010Y 2011Y 2012Y 2013

Net Sales320.8(38.1)(79.2)27.838.8(3.7)ERROR:#REF!

Net Sales % ChangeERROR:#DIV/0!-12%-28%14%17%-1%ERROR:#REF!

Net Income (Loss)6.2(37.7)(10.8)37.65.6(1.9)ERROR:#REF!

Non-GAAP Adjusted Operating Income16.7(15.3)(9.9)7.46.1(1.6)ERROR:#REF!

Non-GAAP Adjusted EBITDA29.7(14.2)(10.3)5.04.2(1.3)ERROR:#REF!

Change in Op Inc as % of Sales Change5%40%12%27%16%42%ERROR:#REF!

Change in EBITDA as % of Sales Change9%37%13%18%11%35%ERROR:#REF!

QuarterlyQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018

Net Sales66.665.871.175.483.689.995.485.1107.9109.0104.695.9110.0108.9107.889.2105.3100.3102.697.5107.2102.7105.198.9

Net Income (Loss)(0.4)0.1(0.4)0.61.61.41.64.6(0.6)(0.2)(5.2)(2.5)0.50.1(0.5)(4.8)1.70.5(2.7)(0.6)1.1(0.6)(9.5)(2.9)

Operating Income0.60.8(4.4)(2.7)2.21.31.2(5.8)3.41.9(2.9)0.63.20.8(0.6)(1.5)

Non-GAAP Adjusted Op. Income0.41.11.33.14.74.73.8(0.9)2.83.4(0.6)(1.9)3.11.91.9(4.4)3.81.9(3.3)0.63.20.80.0(1.3)

EBITDA3.84.2(2.6)0.95.84.94.4(2.4)6.85.30.33.86.24.02.71.6

Non-GAAP Adjusted EBITDA2.83.73.55.77.27.46.32.16.16.82.81.76.75.55.1(0.9)7.15.30.03.86.34.03.41.8

Change Year over YearQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018

Net Sales24.124.29.624.319.19.210.82.0(0.1)3.2(6.6)(4.6)(8.6)(5.2)8.31.92.42.51.3

Net Sales % Change36.6%34.1%12.8%29.1%21.2%9.6%12.7%1.9%-0.1%3.1%-6.9%-4.2%-7.9%-4.8%9.3%1.8%2.3%2.4%1.4%

Net Income (Loss)1.32.04.0(2.3)(1.6)(6.8)(7.1)1.10.34.7(2.3)1.20.5(2.2)4.2(0.6)(1.1)(6.8)(2.3)

Operating Income0.8(4.4)(2.7)1.60.45.7(3.2)1.20.7(4.1)6.5(0.2)(1.1)2.3(2.1)

Non-GAAP Adjusted Op. Income3.62.6(4.0)(1.9)(1.3)(4.5)(1.0)0.2(1.5)2.6(2.5)0.80.0(5.2)5.1(0.6)(1.1)3.3(1.9)

EBITDA4.2(2.6)0.92.00.76.9(3.2)1.00.4(4.1)6.2(0.6)(1.3)2.4(2.2)

Non-GAAP Adjusted EBITDA3.82.8(3.6)(1.0)(0.7)(3.5)(0.4)0.6(1.2)2.3(2.7)0.4(0.2)(5.1)4.8(0.8)(1.3)3.3(2.0)

Change in Op Inc as % of Sales ChangeERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!15%-8%-7%-49%ERROR:#REF!12%ERROR:#REF!-9%

Change in EBITDA as % of Sales ChangeERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!16%-4%-3%-38%ERROR:#REF!28%ERROR:#REF!-3%

Note: 2011 and 2016 have 53 operating weeks, all other periods had 52 operating weeks

Non GAAP Sales

Use of Non-GAAP Financial Information: The Company believes that non-GAAP performance measures, which management uses in evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, the non-GAAP performance measures should be viewed in addition to, not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States. The Company defines Net Sales as adjusted as Net Sales divided by the actual number of weeks and multiplied by the number of weeks in a normal period. (Note 1)

The Company defines Adjusted Operating Income as Operating Income plus facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 2)

The Company defines Adjusted EBIT as net income less income from discontinued operations, net of tax, plus taxes and plus interest. (Note 3)

The Company defines Adjusted EBTIDA as Adjusted EBIT plus depreciation and amortization, plus facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined and plus other (income) expense - net. (Note 4)

Net Sales Adjusted - Note 8

Net Sales as

AdjustedNet Sales

December 31,ExtraDecember 31,December 30,As Adjusted

2016Week20162017Difference% Change

Year 2017

Commercial132,371(2,233)130,138131,3711,2330.9%

Residential258,337(3,107)255,230279,03823,8089.3%

Floorcovering390,708(5,340)- 0- 0385,368410,40925,0416.5%

Processing6,745(40)6,7052,052(4,653)-69.4%

Net Sales as Adjusted$ 397,453$ (5,380)$ -$ -$ 392,073$ 412,462$ 20,3895.2%

The Company defines Net Sales as Adjusted as net sales less the last week of sales in a 53 week fiscal year. (Note 8)

Q4 2017

Commercial33,601(2,233)31,36831,270(98)-0.3%

Residential68,407(3,107)65,30073,3528,05212.3%

Floorcovering102,008(5,340)- 0- 096,668104,6227,9548.2%

Processing598(40)558461(97)-17.3%

Net Sales as Adjusted$ 102,606$ (5,380)$ -$ -$ 97,226$ 105,084$ 7,8588.1%

December 30,

Adjusted for Tax Cut and Jobs Act of 2017 (Note 9)2017

Net Loss as reported(9,555)

Loss from discountinued operations(233)

Loss from continuing operations(9,322)

Impact of tax act8,169

Loss from Cont Ops less affect of Tax Cuts and Jobs Act of 2017(1,153)

Diluted shares15,699

Adj loss per diluted share ex Tax Act$ (0.07)

Non GAAP P&L


The Company defines Adjusted Operating Income as Operating Income plus Facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined. (Note 2)


The Company defines Adjusted EBTIDA as Adjusted EBIT plus depreciation and amortization, plus Facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined and plus other (income) expense - net. (Note 4)ActualActualActualActualUse of Non-GAAP Financial Information: The Company believes that non-GAAP performance measures, which management uses in evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, the non-GAAP performance measures should be viewed in addition to, not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States. The Company defines Net Sales as adjusted as Net Sales divided by the actual number of weeks and multiplied by the number of weeks in a normal period. (Note 1)



The Company defines Adjusted EBTIDA as Adjusted EBIT plus depreciation and amortization, plus Facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined and plus other (income) expense - net. (Note 4)ForecastTTM

Adjusted Gross Profit (Loss) - Note 1266,37213%29%21%10%13%2%-0%3%-7%-4%-8%-5%9%2%2%2%1%Gross ProfitGross ProfitGross ProfitGross ProfitAdjusted Gross Profit (Loss) - Note 1Note a: Restated14%17%-1%29%18%4%-6%4%7%

($ in thousands)Q1 2010Q2 2010Q3 2010Q4 2010Q1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 20182015201620172018($ in thousands)200720082009201020112012201320142015201620172018TTM

Net Sales50,45459,05856,67665,13465,95469,20069,60765,34962,85166,56665,82271,13475,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650105,08498,858422,483397,453412,462441,371Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453412,462441,371412,462

Gross Profit12,35315,23712,57916,48216,57016,72315,77316,43915,70215,71916,55717,39518,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,85722,76921,580106,23195,425101,213108,820Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425101,213108,820101,213

Plus: Business integration expense- 0- 0- 0- 0- 0- 0- 0- 01483993075291,3031,1431,417875445- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3834,738445- 0- 0- 0- 0- 0

Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0260107- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 0- 0- 0- 0- 0ERROR:#REF!

Non-GAAP Adj. Gross Profit (Note 1)$ 12,353$ 15,237$ 12,579$ 16,482$ 16,570$ 16,723$ 15,773$ 16,439$ 15,850$ 16,118$ 16,864$ 17,924$ 19,715$ 23,445$ 23,777$ 23,737$ 18,546$ 26,865$ 26,795$ 24,342$ 23,339$ 29,306$ 27,265$ 26,321$ 19,506$ 28,242$ 25,831$ 21,846$ 25,161$ 28,426$ 24,857$ 22,769$ 21,580$ 106,231$ 95,425$ 101,213$ 108,820Non-GAAP Adj. Gross Profit (Note 1)$ 97,217$ 78,089$ 52,105$ 56,651$ 65,506$ 66,755$ 90,674$ 96,548$ 106,231$ 95,425$ 101,213$ 108,820$ 101,213

Gross Profit as % of Net Sales24.5%25.8%22.2%25.3%25.1%24.2%22.7%25.2%25.0%23.6%25.2%24.5%24.4%26.7%24.6%23.9%21.3%24.7%24.4%23.1%24.3%26.7%25.0%24.4%21.9%26.8%25.8%21.3%25.8%26.5%24.2%21.7%21.8%25.1%24.0%24.5%24.7%Gross Profit as % of Net Sales30.3%27.6%25.6%24.5%24.3%24.5%24.8%23.5%25.1%24.0%24.5%24.7%24.5%

Non-GAAP Adj. Gross Profit % of Net Sales24.5%25.8%22.2%25.3%25.1%24.2%22.7%25.2%25.2%24.2%25.6%25.2%26.1%28.0%26.4%24.9%21.8%24.9%24.6%23.3%24.3%26.7%25.0%24.4%21.9%26.8%25.8%21.3%25.8%26.5%24.2%21.7%21.8%25.1%24.0%24.5%24.7%Non-GAAP Adj. Gross Profit % of Net Sales30.3%27.6%25.6%24.5%24.3%25.1%26.3%23.7%25.1%24.0%24.5%24.7%24.5%

Severe Weather (higher cost Q1 2014)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Severe Weather (higher cost Q1 2014)- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0

Adjusted S,G&A13%29%21%10%13%2%-0%3%-7%-4%-8%-5%9%2%2%2%1%S,G&AS,G&AS,G&AS,G&AAdjusted S,G&ANote a: Restated14%17%-1%29%18%4%-6%4%7%



Selling and Administrative Expense14,35815,02614,12913,84915,39314,94414,49315,83715,06215,68315,78516,95916,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,04422,38423,120100,42296,98396,17198,513Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98396,17198,51396,171

Plus: Business integration expense- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(165)(299)(770)(472)(377)(269)(555)(228)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 0- 0(1,706)(1,429)- 0- 0- 0- 0- 0

Less: Acquisition expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(318)- 0- 0(275)(75)(455)(154)(93)(88)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Acquisition expenses- 0- 0- 0- 0- 0(318)(350)(789)- 0- 0- 0- 0- 0ERROR:#REF!

Non-GAAP Adj. Selling and Admin. Expense$ 14,358$ 15,026$ 14,129$ 13,849$ 15,393$ 14,944$ 14,493$ 15,837$ 15,062$ 15,683$ 15,785$ 16,641$ 16,730$ 18,542$ 19,051$ 19,841$ 19,285$ 23,838$ 23,154$ 24,688$ 24,757$ 26,191$ 25,267$ 24,207$ 23,666$ 24,320$ 23,774$ 25,223$ 24,481$ 25,261$ 24,044$ 22,384$ 23,120$ 100,422$ 96,983$ 96,171$ 98,513Non-GAAP Adj. Selling and Admin. Expense$ 78,789$ 76,115$ 60,542$ 57,362$ 60,667$ 63,171$ 74,164$ 90,964$ 100,422$ 96,983$ 96,171$ 98,513$ 96,171

S,G&A as % of Net Sales28.5%25.4%24.9%21.3%23.3%21.6%20.8%24.2%24.0%23.6%24.0%23.8%22.4%22.5%22.3%21.4%23.6%22.5%21.8%23.9%25.8%23.8%23.2%22.5%26.5%23.1%23.7%24.6%25.1%23.6%23.4%21.3%23.4%23.8%24.4%23.3%22.3%S,G&A as % of Net Sales24.6%26.9%29.8%24.8%22.5%23.8%22.1%22.9%23.8%24.4%23.3%22.3%23.3%

Non-GAAP S,G&A as % of Net Sales (Note 2)28.5%25.4%24.9%21.3%23.3%21.6%20.8%24.2%24.0%23.6%24.0%23.4%22.2%22.2%21.2%20.8%22.7%22.1%21.2%23.6%25.8%23.8%23.2%22.5%26.5%23.1%23.7%24.6%25.1%23.6%23.4%21.3%23.4%23.8%24.4%23.3%22.3%Non-GAAP S,G&A as % of Net Sales (Note 2)24.6%26.9%29.8%24.8%22.5%23.7%21.5%22.4%23.8%24.4%23.3%22.3%23.3%

Adjusted Operating Income (Loss) - Note 213%29%21%10%13%2%-0%3%-7%-4%-8%-5%9%2%2%2%1%Op IncOp IncOp IncOp IncAdjusted Operating Income (Loss) - Note 2Note a: Restated14%17%-1%29%18%4%-6%4%7%



Operating income (loss)(2,286)59(1,937)1,5941,6692,3011,178520620(40)8204151,6773,2711,9621,945(2,241)588832(4,414)(2,683)2,1771,2531,243(5,840)3,4031,916(2,894)6283,179767(608)(1,515)1,990(3,415)3,9658,993Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)3,9658,9933,965

Plus: Acquisition expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0318- 0- 0275754551549388- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Acquisition expenses- 0- 0- 0- 0- 0318350789- 0- 0- 0- 0- 0

Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0260107- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 0- 0- 0- 0- 0

Plus: Business integration expense- 0- 0- 0- 0- 0- 0- 0- 01483993075291,4681,4422,1871,519822269555228- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3836,6161,874- 0- 0- 0- 0- 0

Plus: Profit improvement plans212122304918- 0(563)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0739491,6322,8607758756146821,413403(1)(359)- 0- 026342162,9461,4566361,285Plus: Profit improvement plans- 02,3174,0911,556(563)- 0- 05,5142,9461,4566361,285(357)

Plus: Impairment of assets- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Impairment of assets- 04,4781,459- 0- 0- 01951,133- 0- 0- 0- 0- 0

Plus: Impairment of goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Impairment of goodwill- 023,12131,406- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. Operating Income (Loss) (Note 3)$ (2,074)$ 181$ (1,633)$ 2,512$ 1,669$ 1,738$ 1,178$ 520$ 768$ 359$ 1,127$ 1,262$ 3,145$ 4,713$ 4,685$ 3,841$ (891)$ 2,809$ 3,411$ (648)$ (1,908)$ 3,052$ 1,867$ 1,925$ (4,427)$ 3,806$ 1,915$ (3,253)$ 628$ 3,179$ 769$ 26$ (1,299)$ 4,936$ (1,959)$ 4,601$ 10,278Non-GAAP Adj. Operating Income (Loss) (Note 3)$ 16,707$ 1,456$ (8,434)$ (1,014)$ 5,105$ 3,516$ 16,384$ 4,681$ 4,936$ (1,959)$ 4,601$ 10,278$ 3,608

Operating Income as % of Net Sales-4.5%0.1%-3.4%2.4%2.5%3.3%1.7%0.8%1.0%-0.1%1.2%0.6%2.2%3.9%2.2%2.0%-2.6%0.5%0.8%-4.2%-2.8%2.0%1.2%1.2%-6.5%3.2%1.9%-2.8%0.6%3.0%0.7%-0.6%-1.5%0.5%-0.9%1.0%2.0%Operating Income as % of Net Sales5.2%-10.1%-22.3%-1.1%2.1%0.7%2.6%-1.3%0.5%-0.9%1.0%2.0%1.0%

Non-GAAP Adj. Operating Income as % of Net Sales-4.1%0.3%-2.9%3.9%2.5%2.5%1.7%0.8%1.2%0.5%1.7%1.8%4.2%5.6%5.2%4.0%-1.0%2.6%3.1%-0.6%-2.0%2.8%1.7%1.8%-5.0%3.6%1.9%-3.2%0.6%3.0%0.7%0.0%-1.3%1.2%-0.5%1.1%2.3%Non-GAAP Adj. Operating Income as % of Net Sales5.2%0.5%-4.1%-0.4%1.9%1.3%4.8%1.2%1.2%-0.5%1.1%2.3%0.9%

Management estimate of severe weather- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Management estimate of severe weather- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0ERROR:#REF!

Adjusted Income from Continuing Operations - Note 4AICOAICOAICOAICOAdjusted Income from Continuing Operations - Note 4AICOAICO


Net income (loss) as reported(2,529)(744)(1,897)516623766(43)(361)(181)(433)102(415)6361,6451,4121,5974,628(645)(185)(5,200)(2,468)50466(528)(4,767)1,677534(2,722)(604)1,103(558)(9,496)(2,907)(2,426)(5,278)(9,555)2,591Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(9,555)2,591(9,555)

Less: (Loss) from discontinued, net tax(70)(60)(28)(122)(21)(42)(65)(158)(77)(29)(167)(2)(15)(32)(113)(106)(192)(135)(177)(1,570)(88)(12)(18)(30)(10)62(39)(84)(29)(123)(11)(69)(23)(148)(71)(233)(224)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(233)(224)(233)

Income (loss) from Continuing Operations(2,459)(684)(1,869)63864480822(203)(104)(404)269(413)6521,6771,5251,7034,820(510)(8)(3,630)(2,380)51684(498)(4,757)1,615573(2,638)(575)1,225(546)(9,426)(2,884)(2,278)(5,207)(9,323)2,815Income (loss) from Continuing Operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(9,322)2,815(9,323)



Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0- 0





Plus: Tax effect of above(81)(46)(116)(349)- 0214- 0- 0(56)(152)(117)(322)(558)(548)(1,035)(720)3,643(844)(914)(1,431)(295)(333)(233)(259)(537)(153)0136- 0- 0(1)(241)(56)(1,120)(553)(242)(321)Plus: Tax effect of above- 0(11,368)(14,043)(591)214(646)(2,861)453(1,119)(553)(242)(488)136

Plus: Tax credits, rate change and valuation allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(157)- 0(733)(957)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 08,169- 0- 0- 08,169- 0Plus: Tax credits, rate change and valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 08,169- 0- 0

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)(2,328)(608)(1,681)1,20764445922(203)(12)(157)4591121,4052,5712,4801,921(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(545)(864)(2,724)(452)(4,304)(759)3,779Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,324)(3,409)9234028,377(68)(451)(4,304)(758)3,612(9,544)


Non-GAAP Adj. Net Income(2,398)(668)(1,709)1,085623417(43)(361)(89)(186)2921101,3892,5392,3671,815(1,316)7321,307(2,864)(1,988)1,047447(105)(3,891)1,927533(2,944)(604)1,103(556)(934)(2,747)(600)(4,375)(992)3,555Non-GAAP Adj. Net Income6,247(12,933)(18,707)(3,689)6371278,111(2,142)(599)(4,375)(991)3,388(9,776)

Adj diluted EPS from Cont. Op's$ (2.40)$ (0.67)$ (1.71)$ 1.09$ 0.62$ 0.42$ (0.04)$ (0.36)$ (0.09)$ (0.19)$ 0.29$ 0.11$ 0.11$ 0.20$ 0.19$ 0.15$ (0.09)$ 0.06$ 0.10$ (0.08)$ (0.12)$ 0.07$ 0.03$ (0.00)$ (0.25)$ 0.12$ 0.04$ (0.18)$ (0.04)$ 0.08$ (0.03)$ (0.06)$ (0.17)$ (0.03)$ (0.28)$ (0.05)$ 0.24Adjusted diluted earnings per share from Continuing Operations$ 0.51$ (1.01)$ (1.49)$ (0.27)$ 0.07$ 0.03$ 0.65$ (0.00)$ (0.03)$ (0.28)$ (0.05)$ 0.23$ (0.61)

Wt'd avg. common shares outstanding - diluted1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,00012,73912,84612,89912,85213,01713,93715,39415,40715,43515,65615,66615,59015,60015,78315,74415,65915,67315,82615,70715,70715,85115,53615,63815,69915,757Weighted average common shares outstanding - diluted13,21512,44912,33112,52412,62312,63812,85214,38215,53615,63815,69915,75715,541

Adjusted EBIT and EBITDA - (EBIT) - Note 3, (EBITDA) - Note 5EBITDAEBITDAEBITDAEBITDAAdjusted EBIT and EBITDA - (EBIT) - Note 3, (EBITDA) - Note 5EBITEBIT




Plus: Taxes(1,060)(636)(965)57109582(44)36(5)(303)(41)(52)23620(461)(758)2,854(13)45(1,830)(1,490)407(38)407(2,415)45127(1,685)(163)570(181)7,283(166)(714)(3,622)7,510(166)Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)7,509(166)7,510

Plus: Interest1,2351,0829049039329009047357267627818779958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,4861,5351,5334,9355,3925,7406,342Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,7396,3425,740

Non-GAAP Adjusted EBIT (Note 5)$ (2,284)$ (238)$ (1,930)$ 1,598$ 1,685$ 2,290$ 882$ 568$ 617$ 55$ 1,009$ 411$ 1,669$ 3,166$ 1,960$ 1,941$ 8,686$ 635$ 1,028$ (4,319)$ (2,693)$ 2,146$ 1,249$ 1,241$ (5,848)$ 3,399$ 1,912$ (2,900)$ 624$ 3,153$ 759$ (608)$ (1,517)$ 1,943$ (3,437)$ 3,927$ 8,991Non-GAAP Adjusted EBIT (Note 5)$ 16,801$ (28,134)$ (45,208)$ (2,854)$ 5,426$ 2,092$ 8,737$ 6,029$ 1,943$ (3,437)$ 3,925$ 8,991$ 3,927

Plus: Depreciation and amortization2,9642,9662,9412,7042,5192,3602,4222,3482,4022,3792,3552,2592,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,2133,3283,14314,12013,51512,94712,989Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51512,94712,98912,947

Non-GAAP EBITDA from Cont Op6802,7281,0114,3024,2054,6513,3032,9173,0192,4343,3642,6704,1845,7254,7084,38211,6743,8974,358(991)9445,8114,9014,407(2,350)6,7245,3223823,8346,3493,9722,7201,62616,06310,07816,87421,980Non-GAAP EBITDA from Cont Op29,742(14,382)(31,704)8,72115,07511,48818,99918,93716,06310,07816,87221,98016,874



Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0- 0





Non-GAAP Adj. EBITDA (Note 5)$ 892$ 2,850$ 1,315$ 5,220$ 4,205$ 4,088$ 3,303$ 2,917$ 3,167$ 2,833$ 3,671$ 3,517$ 5,652$ 7,167$ 7,431$ 6,278$ 2,087$ 6,118$ 6,764$ 2,775$ 1,719$ 6,686$ 5,515$ 5,089$ (937)$ 7,127$ 5,321$ 23$ 3,834$ 6,349$ 3,974$ 3,354$ 1,842$ 19,009$ 11,534$ 17,510$ 23,265Non-GAAP Adj. EBITDA (Note 5)$ 29,742$ 15,534$ 5,252$ 10,277$ 14,512$ 13,189$ 26,528$ 17,743$ 19,009$ 11,534$ 17,508$ 23,265$ 16,517

Non-GAAP Adj. EBITDA as % of Net Sales1.8%4.8%2.3%8.0%6.4%5.9%4.7%4.5%5.0%4.3%5.6%4.9%7.5%8.6%8.3%6.6%2.5%5.7%6.2%2.7%1.8%6.1%5.1%4.7%-1.1%6.8%5.3%0.0%3.9%5.9%3.9%3.2%1.9%4.5%2.9%4.2%5.3%Non-GAAP Adj. EBITDA as % of Net Sales9.3%5.5%2.6%4.4%5.4%5.0%7.7%4.4%4.5%2.9%4.2%5.3%4.0%

Management estimate of severe weather (not in above)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Management estimate of severe weather (not in above)- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0

Free Cash Flow (FCF) - Note 6FCFFCFFCFFCFFree Cash Flow (FCF) - Note 6FCFFCF


Non-GAAP Adjusted EBIT (from above)(2,284)(238)(1,930)1,5981,6852,290882568617551,0094111,6693,1661,9601,9418,6866351,028(4,319)(2,693)2,1461,2491,241(5,848)3,3991,912(2,900)6243,153759(608)(1,517)1,943(3,437)3,9278,991Non-GAAP Adjusted EBIT (from above)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)3,9258,9913,927

Times: 1 - Tax Rate = EBIAT(1,416)(148)(1,197)9911,0451,420547352383346252551,0351,9631,2151,2045,385393638(2,678)(1,670)1,331774769(3,626)2,1071,185(1,798)3871,955470(377)(1,123)1,205(2,131)2,4355,574Times: 1 - Tax Rate = EBIAT10,416(17,443)(28,029)(1,769)3,3641,2975,4173,7381,205(2,131)2,4335,5742,435


Plus: Non Cash Impairment of Assets, Goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Non Cash Impairment of Assets, Goodwill- 027,59932,865- 0- 0- 01951,133- 0- 0- 0- 0- 0

Minus: Net change in Working Capital(5,755)1,8804,6202505,151(491)1,9183,0115,8094,441812(276)3,2769,0386,202(802)13,6753,4236,666(12,218)(886)2,656(478)(3,262)(4,671)(3,330)927(9,831)10,9066,24711,135(4,902)2,1389,575(16,905)23,386- 0Minus: Net change in Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)23,38623,38618,457

Non-GAAP Cash from Operations7,302938(2,876)3,445(1,586)4,2711,050(311)(3,024)(2,028)2,1692,790274(4,516)(2,239)4,641(5,302)888(2,594)13,2422,8532,3404,9047,1974,5438,7623,66811,315(7,309)(1,096)(7,452)7,853(118)5,74928,289(8,004)18,563Non-GAAP Cash from Operations21,14625,29742,3158,8103,425(93)(1,839)6,23417,29528,289(8,006)(4,823)(3,075)

Minus: Capital Expenditures911461,0394851,1001,0382,0532,5441,1325572982,0652,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,7311,34075212,2305,33113,5826,000Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,5826,00013,582

Minus: Business / Capital acquisitions- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 06,961- 0- 01,863- 06,716- 02,615- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Minus: Business / Capital acquisitions- 0- 0- 0- 0- 06,9611,8639,331- 0- 0- 0- 0- 0

Non-GAAP Free Cash Flow (Note 6)7,211792(3,915)2,960(2,686)3,233(1,003)(2,855)(4,156)(2,585)1,871725(2,306)(7,957)(8,552)1,855(16,317)(3,304)(12,181)(4,120)(2,852)(258)3,1465,0283,3257,7422,3119,579(11,087)(3,829)(13,183)6,513(870)(6,481)22,958(21,586)12,563Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(21,588)(10,823)(16,657)

Current Assets83,46380,06784,97187,09191,326102,549105,955106,00995,140100,753106,104106,550109,440116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147163,756170,672169,595145,358163,756164,825Current Assets119,804110,64883,46391,32695,140109,440143,167161,095169,595145,358163,756164,825178,147

Current Liabilities33,49035,84938,87336,37240,35846,43050,32748,46334,58234,38735,29734,93138,09742,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,13258,64363,42170,96363,63158,64359,712Current Liabilities44,46736,70033,49040,35834,58238,09754,11060,49370,96363,63158,64359,71268,132

Net Working Capital49,97344,21846,09850,71950,96956,11955,62857,54660,55766,36670,80771,61971,34374,61983,65689,85889,057102,731106,154112,820100,60299,716102,372101,89498,63293,96190,63191,55881,72792,63398,880110,015105,113107,25198,63281,727105,113105,113Net Working Capital75,33773,94849,97350,96960,55771,34389,057100,60298,63281,727105,113105,113110,015

Change in Net Working Capital(5,755)1,8804,6202505,151(491)1,9183,0115,8094,441812(276)3,2769,0386,202(802)13,6753,4236,666(12,218)(886)2,656(478)(3,262)(4,671)(3,330)927(9,831)10,9066,24711,135(4,902)2,1389,575(16,905)23,386- 0Change in Net Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)23,38623,38618,457

Due to rounding, quarterly information for each of the years reflected may not equal the annual totals.

Board of Directors PresentationBoard of Directors Presentation


Downturn Facility consolidation212122304918- 0(563)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Downturn Facility consolidation- 02,3174,0911,556(563)- 0- 0- 0- 0- 0- 0- 0- 0

Impairment of Goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Impairment of Goodwill- 023,12131,406- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Eton Tufting Mill Startup- 0- 0- 0- 0- 0- 0- 0- 014839930772110- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Eton Tufting Mill Startup- 0- 0- 0- 0- 0926110- 0- 0- 0- 0- 0- 0

Colormaster Carpet Dye Line- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 04571,036648249- 0445- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Colormaster Carpet Dye Line- 0- 0- 0- 0- 04571,933445- 0- 0- 0- 0- 0

Crown Rugs- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0269157234232230- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Crown Rugs- 0- 0- 0- 0- 0269853- 0- 0- 0- 0- 0- 0

Roanoke Yarn Conversion- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0251353- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Roanoke Yarn Conversion- 0- 0- 0- 0- 0- 0604- 0- 0- 0- 0- 0- 0

Robertex Acquisition and related consolidation - 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 049- 0- 01,066621114127127127- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Robertex Acquisition and related consolidation - 0- 0- 0- 0- 0491,687495- 0- 0- 0- 0- 0

Avant commercial- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0165299451457263142428101- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Avant commercial- 0- 0- 0- 0- 0- 01,372934- 0- 0- 0- 0- 0

Belmont Yarn Space Dye Line- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01096146- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Belmont Yarn Space Dye Line- 0- 0- 0- 0- 0- 0252- 0- 0- 0- 0- 0- 0

CPC Legal Settlement- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0CPC Legal Settlement- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0

Purchase Accounting gain- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 027575(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Purchase Accounting gain- 0- 0- 0- 0- 0- 0350(11,110)- 0- 0- 0- 0- 0

Atlas Acquisition and related consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0455348289304- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Atlas Acquisition and related consolidation- 0- 0- 0- 0- 0- 0- 01,395- 0- 0- 0- 0- 0

West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 07356535337517035(3)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00202- 0- 0- 0West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 01,366202- 0- 0- 0- 0

East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 03841,2792,4856058403412301,342398(1)(359)- 0- 0- 0- 0- 002,0161,380- 0- 0East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 04,1482,0161,380- 0- 0(359)

Impairment of Assets- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 00- 0- 0- 0- 0Impairment of Assets- 04,4781,459- 0- 0- 01951,133- 0- 0- 0- 0- 0

Corporate Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0276452715- 0- 0- 0- 0- 0- 0- 0072876- 0- 0Corporate Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 072876- 0- 0- 0

Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 026342160- 0- 06361,285Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 06361,2852

Tax credits and tax valuation allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(157)- 0(733)(957)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 08,169- 00- 0- 08,169- 0Tax credits and tax valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 08,169- 0- 0

Total non-GAAP Adjustments212122304918- 0(563)- 0- 01483993078471,3111,4421,990939(9,587)2,2212,4053,7677758756146821,413403(1)(359)- 0- 028,80321602,9461,4568,8051,285Total non-GAAP Adjustments- 029,91637,5781,556(563)1,7015,681(1,194)2,9461,4568,8051,285(357)

Weather impact- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0Weather impact- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0- 0

Cost of Goods Sold- 0- 0- 0- 0- 0- 0- 0- 01483993075291,3031,1431,6779821,499194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Cost of Goods Sold- 0- 0- 0- 0- 01,3835,1052,105- 0- 0- 0- 0- 0

Selling- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0165299770472377269555228- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Selling- 0- 0- 0- 0- 0- 01,7061,429- 0- 0- 0- 0- 0

General and Administrative- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0318- 0- 0275754551549388- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0General and Administrative- 0- 0- 0- 0- 0318350789- 0- 0- 0- 0- 0

Other Operating Expense- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Other Operating Expense- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0

Facility consolidation Expense212122304918- 0(563)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0739491,6322,8607758756146821,413403(1)(359)- 0- 026342162,9461,4566361,285Facility consolidation Expense- 02,3174,0911,556(563)- 0- 05,5142,9461,4566361,285(357)

Impairment of Assets- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Impairment of Assets- 027,59932,865- 0- 0- 01951,133- 0- 0- 0- 0- 0

Impairment of Goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Impairment of Goodwill- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Purchase accounting gain- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Purchase accounting gain- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0- 0

Tax credits and tax valuation allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(157)- 0(733)(957)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 08,169- 0- 0- 08,169- 0Tax credits and tax valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 08,169- 0- 0

Total non-GAAP Adjustments (including weather)212122304918- 0(563)- 0- 01483993078471,3111,4421,990939(8,533)2,2212,4053,7677758756146821,413403(1)(359)- 0- 028,8032162,9461,4568,8051,285Total non-GAAP Adjustments (including weather)- 029,91637,5781,556(563)1,7015,681(140)2,9461,4568,8051,285(357)

Facility consolidation planFacility consolidation planAICOAICO


Downsize Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Downsize Facility consolidation- 02,3174,0911,556(563)- 0- 0- 0- 0- 0- 0- 0- 0

Asset writeoff with downsize consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Asset writeoff with downsize consolidation- 04,4781,459- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Goodwill Writeoff- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Goodwill Writeoff- 023,12131,406- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Colormaster dryer write off - 0- 0- 0195- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Colormaster dryer write off - 0- 0- 0- 0- 0- 0195- 0- 0- 0- 0- 0- 0

West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 07356535337517035(3)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0202- 0- 0- 0West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 01,366202- 0- 0- 0- 0

East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 03841,2792,4856058403412301,342398(1)(359)- 0- 0- 0- 0- 02,0161,380- 0- 0East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 04,1482,0161,380- 0- 0(359)

East Coast Asset write off- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0East Coast Asset write off- 0- 0- 0- 0- 0- 0- 01,133- 0- 0- 0- 0- 0

Corporate Office consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0276452715- 0- 0- 0- 0- 0- 0- 072876- 0- 0Corporate Office consolidation- 0- 0- 0- 0- 0- 0- 0- 072876- 0- 0- 0

Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 02634216- 0- 06361,285Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 06361,2852

Total facility consolidation and asset write off- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195731,6051,7353,2357758756146821,413403(1)(359)- 0- 026342162,9461,4566361,285Restructring Recap- 029,91636,9561,556(563)- 01956,6472,9461,4566361,285(357)

Notes:Notes:

Free Cash Flow = EBIT(1-Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - Capital ExpenditureFree Cash Flow = EBIT(1-Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - Capital Expenditure




The Company defines Adjusted EBTIDA as Adjusted EBIT plus depreciation and amortization, plus Facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined and plus other (income) expense - net. (Note 4)ActualActualActualActualActualActualActualActualActualActualActualActualForecastForecastUse of Non-GAAP Financial Information: The Company believes that non-GAAP performance measures, which management uses in evaluating the Company's business, may provide users of the Company's financial information with additional meaningful bases for comparing the Company's current results and results in a prior period, as these measures reflect factors that are unique to one period relative to the comparable period. However, the non-GAAP performance measures should be viewed in addition to, not as an alternative for, the Company's reported results under accounting principles generally accepted in the United States. The Company defines Net Sales as adjusted as Net Sales divided by the actual number of weeks and multiplied by the number of weeks in a normal period. (Note 1)



The Company defines Adjusted EBTIDA as Adjusted EBIT plus depreciation and amortization, plus Facility consolidation expenses and severance expenses, plus impairment of assets, plus impairment of goodwill, plus one time items so defined and plus other (income) expense - net. (Note 4)ForecastTTM

P&L Data:P&L Data:Note a: RestatedOp IncOp Inc



Gross Profit12,35315,23712,57916,48216,57016,72315,77316,43915,70215,71916,55717,39518,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,85722,76921,580106,23195,425101,213108,820Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425101,213108,820101,213

Selling and Administrative Expense14,35815,02614,12913,84915,39314,94414,49315,83715,06215,68315,78516,95916,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,04422,38423,120100,42296,98396,17198,513Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98396,17198,51396,171

Other Expense / (Income)1522192303024906313118826711814012452(14)46359(241)87264944330Other Expense / (Income)204517114303(266)6849490387264944330443

Operating income (loss)(2,286)59(1,937)1,5941,6692,3011,178520620(40)8204151,6773,2711,9621,945(2,241)588832(4,414)(2,683)2,1771,2531,243(5,840)3,4031,916(2,894)6283,179767(608)(1,515)1,990(3,415)3,9658,993Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)3,9658,9933,965

Plus: Interest1,2351,0829049039329009047357267627818779958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,4861,5351,5334,9355,3925,7406,342Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,7406,3425,740

Plus: Taxes(1,060)(636)(965)57109582(44)36(5)(303)(41)(52)23620(461)(758)2,854(13)45(1,830)(1,490)407(38)407(2,415)45127(1,685)(163)570(181)7,283(166)(714)(3,622)7,510(166)Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)7,510(166)7,510

Income (loss) from continuing operations(2,459)(684)(1,869)63864480822(203)(104)(404)269(413)6521,6771,5251,7034,820(510)(8)(3,630)(2,380)51684(498)(4,757)1,615573(2,638)(575)1,225(546)(9,426)(2,884)(2,278)(5,207)(9,323)2,815Income (loss) from continuing operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(9,323)2,815(9,323)



EBITDA6102,6689834,1804,1844,6093,2382,7592,9422,4053,1972,6684,1695,6934,5954,27611,4823,7614,181(2,561)8565,7994,8834,377(2,360)6,7865,2832983,8056,2263,9602,6501,60315,91510,00716,64121,756EBITDA29,221(14,695)(32,087)8,44114,78911,21318,73316,86315,91510,00716,64121,75616,641


Minus: Capital Expenditures911461,0394851,1001,0382,0532,5441,1325572982,0652,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,7311,34075212,2305,33113,5826,000Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,5826,00013,582

Minus: Business / Capital acquisitions- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 06,961- 0- 01,863- 06,716- 02,615- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Minus: Business / Capital acquisitions- 0- 0- 0- 0- 06,9611,8639,331- 0- 0- 0- 0- 0

Current Assets83,46380,06784,97187,09191,326102,549105,955106,00995,140100,753106,104106,550109,440116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147163,756170,672169,595145,358163,756164,825Current Assets111,655110,64883,46391,32695,140109,440143,167161,095169,595145,358163,756164,825163,756

Current Liabilities33,49035,84938,87336,37240,35846,43050,32748,46334,58234,38735,29734,93138,09742,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,13258,64363,42170,96363,63158,64359,712Current Liabilities41,64036,70033,49040,35834,58238,09754,11060,49370,96363,63158,64359,71258,643

Detail:Detail:Detail:SourceCategoryGroupNon GAAP Op IncNon GAAP Gross ProfitNon GAAP S,G&A


Goodwill Writeoff- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Goodwill Writeoff- 023,12131,406- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Goodwill WriteoffImpairment of AssetsASSETSOTHERPlus: Impairment of goodwill

Downsize Facility consolidation212122304918- 0(563)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Downsize Facility consolidation- 02,3174,0911,556(563)- 0- 0- 0- 0- 0- 0- 0- 0Downsize Facility consolidationSee BluebookFacility consolidationFacility consolidationPlus: Profit improvement plans

Asset writeoff with downsize consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Asset writeoff with downsize consolidation- 04,4781,459- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Asset writeoff with downsize consolidationImpairment of AssetsASSETSOTHERPlus: Impairment of assets

Eton Integration Impact- 0- 0- 0- 0- 0- 0- 0- 014839930772110- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Eton Integration Impact- 0- 0- 0- 0- 0926110- 0- 0- 0- 0- 0- 0Eton Integration ImpactEton Recon vs StdCOSCOGSPlus: Business integration expensePlus: Business integration expense

Colormaster Acquisiton related expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0269- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Colormaster Acquisiton related expenses- 0- 0- 0- 0- 0269- 0- 0- 0- 0- 0- 0- 0Colormaster Acquisiton related expensesLegal & acctngG&ASGAPlus: Acquisition expensesLess: Acquisition expenses

Colormaster Integration- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 04571,036648249- 0445- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Colormaster Integration- 0- 0- 0- 0- 04571,933445- 0- 0- 0- 0- 0Colormaster IntegrationCM / ATM ReconCOSCOGSPlus: Business integration expensePlus: Business integration expense

Crown Acquisiton related expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 049- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Crown Acquisiton related expenses- 0- 0- 0- 0- 049- 0- 0- 0- 0- 0- 0- 0Crown Acquisiton related expensesLegal & acctngG&ASGAPlus: Acquisition expensesLess: Acquisition expenses

Machine Tufted Rug- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0157234232230- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Machine Tufted Rug- 0- 0- 0- 0- 0- 0853- 0- 0- 0- 0- 0- 0Machine Tufted RugMTR Recon 200046COSCOGSPlus: Business integration expensePlus: Business integration expense

Avant Launch- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0165299451457263142428101- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Avant Launch- 0- 0- 0- 0- 0- 01,372934- 0- 0- 0- 0- 0Avant LaunchBlue bookSellingSGAPlus: Business integration expensePlus: Business integration expense

Roanoke startup (operations)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0124136- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Roanoke startup (operations)- 0- 0- 0- 0- 0- 0260- 0- 0- 0- 0- 0- 0Roanoke startup (operations)DP AnalysisCOSCOGSPlus: Business integration expensePlus: Business integration expense

Roanoke startup (material loss vs. std) - 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0127217- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Roanoke startup (material loss vs. std) - 0- 0- 0- 0- 0- 0344- 0- 0- 0- 0- 0- 0Roanoke startup (material loss vs. std) RNK ReconCOSCOGSPlus: Business integration expensePlus: Business integration expense

Space Dye Yarn Startup- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 01096146- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Space Dye Yarn Startup- 0- 0- 0- 0- 0- 0252- 0- 0- 0- 0- 0- 0Space Dye Yarn StartupCM ReconCOSCOGSPlus: Business integration expensePlus: Business integration expense

Robertex Acquisition related expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 027575- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Robertex Acquisition related expenses- 0- 0- 0- 0- 0- 0350- 0- 0- 0- 0- 0- 0Robertex Acquisition related expensesLegal & acctngG&ASGAPlus: Acquisition expensesLess: Acquisition expenses

Robertex Purchase Acctg (inventory FMV writeup)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0260107- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Robertex Purchase Acctg (inventory FMV writeup)- 0- 0- 0- 0- 0- 0367- 0- 0- 0- 0- 0- 0Robertex Purchase Acctg (inventory FMV writeup)Inventory WriteupCOSCOGSPlus: Amortization of inventory step upPlus: Amortization of inventory step up

Robertex Realignment (manufacturing variance)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0487499- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Robertex Realignment (manufacturing variance)- 0- 0- 0- 0- 0- 0986- 0- 0- 0- 0- 0- 0Robertex Realignment (manufacturing variance)Cal Wool ReconCOSCOGSPlus: Business integration expensePlus: Business integration expense

Robertex Rebranding (sample expense)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 031915114127127127- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Robertex Rebranding (sample expense)- 0- 0- 0- 0- 0- 0334495- 0- 0- 0- 0- 0Robertex Rebranding (sample expense)Greg Wright memoSellingSGAPlus: Business integration expensePlus: Business integration expense

CPC Legal Settlement inventory write off- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0CPC Legal Settlement inventory write off- 0- 0- 0- 0- 0- 0172- 0- 0- 0- 0- 0- 0CPC Legal Settlement inventory write offRoger EnsleyOTHEROTHERPlus: Business integration expense

Colormaster dryer write off - 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0195- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Colormaster dryer write off - 0- 0- 0- 0- 0- 0195- 0- 0- 0- 0- 0- 0Colormaster dryer write off Impairment of AssetsASSETSOTHERPlus: Impairment of assets

Atlas & Burtco Acquisition related expenses- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 04551549388- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Atlas & Burtco Acquisition related expenses- 0- 0- 0- 0- 0- 0- 0789- 0- 0- 0- 0- 0Atlas & Burtco Acquisition related expensesLegal & acctngG&ASGAPlus: Acquisition expensesLess: Acquisition expenses

Atlas & Burtco Purchase Acctg - Inv Writeup- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Atlas & Burtco Purchase Acctg - Inv Writeup- 0- 0- 0- 0- 0- 0- 0606- 0- 0- 0- 0- 0Atlas & Burtco Purchase Acctg - Inv WriteupInventory WriteupCOSCOGSPlus: Amortization of inventory step upPlus: Amortization of inventory step up

Atlas & Burtco Purchase Accounting (Gain)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0(10,937)- 0(173)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Atlas & Burtco Purchase Accounting (Gain)- 0- 0- 0- 0- 0- 0- 0(11,110)- 0- 0- 0- 0- 0Atlas & Burtco Purchase Accounting (Gain)Purchase Acocunting Gain - Adj Q2PURCHASEGAINPURCHASEGAINLess: Gain on purchase of business

West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 07356535337517035(3)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0202- 0- 0- 0West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 01,366202- 0- 0- 0- 0West Coast Facility consolidationSee BluebookFacility consolidationFacility consolidationPlus: Profit improvement plans

East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 03841,2792,4856058403412301,342398(1)(359)- 0- 0- 0- 0- 02,0161,380- 0- 0East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 04,1482,0161,380- 0- 0(359)East Coast Facility consolidationSee BluebookFacility consolidationFacility consolidationPlus: Profit improvement plans

East Coast Asset write off- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0East Coast Asset write off- 0- 0- 0- 0- 0- 0- 01,133- 0- 0- 0- 0- 0East Coast Asset write offImpairment of

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