November 2017 Investor Presentation...Jan '13 Jan '14 Jan '15 Jan '16 Jan '17 • “Nearly...

November 2017Investor Presentation

Contact:Jon Faulkner

CFOThe Dixie Group

Phone: 706-876-5814

[email protected]

Exhibit 99.1

Forward Looking StatementsThe Dixie Group, Inc.

• Statements in this presentation which relate to the future, are subject to risk factors and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements. Such factors include the levels of demand for the products produced by the Company. Other factors that could affect the Company’s results include, but are not limited to, raw material and transportation costs related to petroleum prices, the cost and availability of capital, and general economic and competitive conditions related to the Company’s business. Issues related to the availability and price of energy may adversely affect the Company’s operations. Additional information regarding these and other factors and uncertainties may be found in the Company’s filings with the Securities and Exchange Commission.

• General information set forth in this presentation concerning market conditions, sales data and trends in the U.S. carpet and rug markets are derived from various public and, in some cases, non-public sources. Although we believe such data and information to be accurate, we have not attempted to independently verify such information.

2

Dixie History

• 1920 Began as Dixie Mercerizing in Chattanooga, TN• 1990’s Transitioned from textiles to floorcovering • 2003 Refined focus on upper- end floorcovering market • 2003 Launched Dixie Home - upper end residential line • 2005 Launched modular tile carpet line – new product category• 2007 Launched wool products in Masland & Fabrica – high-end designers• 2012 Purchased Colormaster dye house – lower cost• 2012 Purchased Crown rugs – wool rugs• 2013 Purchased Robertex - wool carpet manufacturing• 2014 Expanded and realigned manufacturing to increase capacity• 2014 Purchased Atlas Carpet Mills – high-end commercial business• 2014 Purchased Burtco - computerized yarn placement for hospitality • 2016 Completed restructuring of manufacturing facilities• 2017 Entered the hard surface market in Calibre & Stainmaster LVT

3

Dixie Today

• Commitment to brands in the upper-end market with strong growth potential.

• Diversified between Commercial and Residential markets.

• Diversified customer base (TTM Basis)– Top 10 carpet customers

• 17% of sales– Top 100 carpet customers

• 31% of sales

4

5

Dixie Group DriversWhat affects our business?

The market dynamics:• Residentially

• The market is driven by home sales and remodeling.• New construction is a smaller effect.

• Dixie is driven by the wealth effect.• The stock market and consumer confidence.

• Commercially• The market is driven by remodeling of offices,

schools, retail and hospitality as demonstrated by the investment in non-residential fixed structures.

• Dixie is driven by upper-end remodeling in offices, retail remodeling, higher education, and upper-end hospitality that primarily involves a designer.

New and Existing Home SalesSeasonally Adjusted Annual Rate

6

New 1,000 Existing 1,000

Source: National Association of Realtors (existing) and census.gov/newhomesales

3,000

3,500

4,000

4,500

5,000

5,500

6,000

250

300

350

400

450

500

550

600

650

700

750

800

Jan '13 Jan '14 Jan '15 Jan '16 Jan '17

• “Nearly two-thirds of renters currently believe now is a good time to buy a home, but weakening affordability and few choices in their price range have made it really difficult for more aspiring first-time buyers to reach the market.”

Lawrence Yun Chief EconomistNational Association of RealtorsOctober 20, 2017

Residential and CommercialFixed Investment

7

Rebound in residential

activity

Commercial activity is

flat

We expect 2017 to

continue the rebound of residential

fixed investment

as a percent of GDP

The Industry ascompared to The Dixie Group

8Source: U.S. Bureau of Economic Analysis and Company estimates

2016 U.S. Flooring Manufacturers

9

Source: Floor Focus Carpet includes sales of carpet as broadloom, modular tile and rugs

Flooring includes sales of carpet, rugs, ceramic floor tile, wood, laminate, resilient and rubber

Carpet & Rug LeadersCarpet $

in millions Carpet %Flooring $ in millions Flooring %

Shaw (Berkshire Hathaway) $ 3,136 29.5% 3,983 19.2%Mohawk (MHK) $ 2,621 24.6% 4,892 23.6%Engineered Floors (Private) $ 659 6.2% 659 3.2%Interface (TILE) $ 498 4.7% 498 2.4%Beaulieu (Bought by EF 11-2017) $ 449 4.2% 479 2.3%Dixie (DXYN) $ 394 3.7% 394 1.9%Imports & All Others $ 2,876 27.0% 9,809 47.4%U.S. Carpet & Rug Market $ 10,633 100.0% 20,714 100.0%

Dixie versus the Industry

TTM Q3 2017 U.S. Carpet & Rug Market of $10.5 billion

10Source: Floor Covering Weekly and Dixie Group estimate

TTM Q3 2017 Dixie sales

High End Commercial, 31%

High End Residential, 69%

Commercial, 44%

Residential, 56%

Carpet GrowthDixie Market Share in Dollars and Units

11

Industry Positioning The Dixie Group

• Strategically our residential and commercial businesses are driven by our relationship to the upper-end consumer and the design community

• This leads us to:– Have a sales force that is attuned to

design and customer solutions – Be a “product driven company”

with emphasis on the most beautiful and up-to-date styling and design

– Be quality focused with excellent reputation for building excellent products and standing behind what we make

– And, unlike much of the industry, not manufacturing driven

12

Residential Market Positioning The Dixie Group

13

BROADLOOM RESIDENTIAL SALES

TOTA

L M

AR

KE

T: S

QU

AR

E Y

AR

DS

OR

SA

LE

S D

OL

LA

RS

ESTIMATED TOTAL WHOLESALE MARKETFOR CARPETS AND RUGS:

VOLUME AND PRICE POINTS

Positioning of Dixie Brands by Price Point Segment

Dixie Home Fabrica

INDUSTRYAVERAGE

PRICE/ SQ YD$0 $14 $21 $28 $35 $42 $49

Note: Industry average price is based on sales reported through industry sources.

Excerpt from KSA Study dated May 2004, Titled "KSA Assessment of Dixie's Residential and Contract Carpet Businesses", commissioned by The Dixie Group, Inc.

$8

Masland

FOCUSED NATIONAL SUPPLIER IN THE UPPER END OF THE SOFT FLOOR COVERING MARKET

Dixie Group High-End Residential SalesAll Residential Brands

Masland

Dixie Home

Fabrica

14

Sales by Brand for TTM Q3 2017

Chart1

Masland

Dixie Home

Fabrica

TTM Basis

0.32

0.49

0.19

Sheet1

TTM Basis

Masland32%

Dixie Home49%

Fabrica19%

To resize chart data range, drag lower right corner of range.

100.0%

Dixie Group High-End Residential Sales All Brands

Retailer

Designer

Mass Merchant

Builder

Commercial

Specialty -OEM

15

Sales by Channel for TTM Q3 2017

The company believes that a significant portion of retail sales also involve a designer

Chart1

Retailer

Designer

Mass Merchant

Builder

Commercial

Specialty - OEM

Column1

Retailer

Designer

0.6

0.14

0.2

0.03

0.02

0.01

Sheet1

Column1

Retailer60%

Designer14%

Mass Merchant20%

Builder3%

Commercial2%

Specialty - OEM1%

100%

To resize chart data range, drag lower right corner of range.

• Well-styled moderate to upper priced residential broadloom line– Known for differentiated pattern

and color selection

• Dixie Home provides a “full line” to retailers– Sells specialty and mass merchant

retailers

• Growth initiatives – Stainmaster® Tru Soft TM Fiber

Technology– Stainmaster® PetProtect ® Fiber

Technology

16

• Leading high-end brand with reputation for innovative styling, design and color

• High-end retail / designer driven– Approximately 24% of sales

directly involve a designer– Hand crafted and imported rugs

• Growth initiative – Stainmaster® TruSoft™ Fiber

Technology– Stainmaster® PetProtect ® Fiber

Technology– Wool products in both tufted and

woven constructions17

• Premium high-end brand– “Quality without Compromise”

• Designer focused– Approximately 31% of sales directly

involve a designer– Hand crafted and imported rugs

• Growth initiatives– Stainmaster® TruSoft™ Fiber

Technology– Fabrica Permaset dyeing process

“unlimited color selection in wool”18

Commercial Market Positioning The Dixie Group

• We focus on the “high-end specified soft floorcovering contract market”

• Our Atlas brand – Designer driven focused on the

fashion oriented market space• Our Masland Contract brand

– Broad product line for diverse commercial markets

• Our Masland Hospitality brand – Custom products for the hospitality

industry• Our Masland Residential sales force

– Sells “main street commercial” through retailers 19

• Atlas is our premium commercial brand

• Dedicated to serving the architect and designer needing finer goods

• Focus is on the corporate market through high fashion broadloom and modular carpet tile offerings

• With state-of-the-art tufting machines Atlas can quickly manufacture both custom and running line products

20

• Upper-end brand in the specified commercial marketplace– Corporate, End User, Store Planning,

Hospitality, Health Care, Government and Education markets

• Designer focused• Strong national account base• Growth initiatives

– Masland Contract Modular Carpet Tile

– Masland Hospitality using “computerized yarn placement” technology

– Calibré Luxury Vinyl Tile

21

Hospitality

Corporate

Education

Store Planning

Gov't

Health Care

Other

22

Sales by Channel for TTM Q3 2017

Channels: Interior Design Specifier and Commercial End User

Chart1

Hospitality

Corporate

Education

Store Planning

Gov't

Health Care

Other

Sales

0.25

0.38

0.05

0.14

0.01

0.06

0.11

Sheet1

Sales

Hospitality25%

Corporate38%

Education5%

Store Planning14%

Gov't1%

Health Care6%

Other11%

100%

Dixie Group Sales$ in millions

23

331 321283

205231

270 266

345

407 422 397 410

0

50

100

150

200

250

300

350

400

450

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TTMQ3 2017

Net Sales

Sales & Operating Income$ in millions

24Note: Non-GAAP reconciliation starting on slide 27

Y 2007 Y 2008 Y 2009 Y 2010 Y 2011 Y 2012 Y 2013 Y 2014 Y 2015 Y 2016 TTM

Q3 17 Net Sales 321 283 203 231 270 266 344 407 422 397 410 Net Income (Loss) 6.2 (31.5) (42.2) (4.7) 1.0 (0.9) 5.3 (1.4) (2.4) (5.3) (2.8) Operating Income 16.7 (28.5) (45.4) (2.6) 5.7 1.8 8.9 (5.2) 2.0 (3.4) 1.7 Non-GAAP Adjusted Op. Income 16.7 1.5 (8.4) (1.0) 5.1 3.5 16.4 4.7 4.9 (2.0) 1.3 EBITDA 29.2 (14.7) (32.1) 8.4 14.8 11.2 18.7 16.9 15.9 10.0 13.1 Non-GAAP Adjusted EBITDA 29.7 15.5 5.3 10.3 14.5 13.2 26.5 17.7 19.0 11.5 13.0

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017Net Sales 95.9 110.0 108.9 107.8 89.2 105.3 100.3 102.6 97.5 107.2 102.7 Net Income (Loss) (2.5) 0.5 0.1 (0.5) (4.8) 1.7 0.5 (2.7) (0.6) 1.1 (0.6) Operating Income (2.7) 2.2 1.3 1.2 (5.8) 3.4 1.9 (2.9) 0.6 3.2 0.8 Non-GAAP Adjusted Op. Income (1.9) 3.1 1.9 1.9 (4.4) 3.8 1.9 (3.3) 0.6 3.2 0.8 EBITDA 0.9 5.8 4.9 4.4 (2.4) 6.8 5.3 0.3 3.8 5.1 4.0 Non-GAAP Adjusted EBITDA 1.7 6.7 5.5 5.1 (0.9) 7.1 5.3 0.0 3.8 5.2 4.0

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 umber 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)

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 EndedForecastFacility Consolidation Plan Summary2013201420152016Q1 2017Q2 2017Q3 20172017Total

Non-GAAP Gross ProfitQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Non-GAAP Gross Profit20072008200920102011201220132014201520162017Colormaster dryer write off 195- 0- 0- 0- 0- 0- 0- 0195Non-GAAP Operating IncomeQ3 201620152017Improvements?Q3 201620152017

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453413,747West Coast Facility consolidation- 01,366202- 0- 0- 0- 0- 01,568Net Sales100,297422,484413,7471Quality4917,7224,570

Gross Profit18,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,857Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425104,874East Coast Facility consolidation- 04,1482,0161,380- 0- 0- 0- 07,544Operating income (loss)1,9161,9905,6132FMV Adjustment(206)(193)- 0

Plus: Business integration expense1,3031,1431,417875445- 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- 0East Coast Asset write off- 01,133- 0- 0- 0- 0- 0- 01,133Plus: Business integration expense- 0- 0- 03Health insurance- 0387- 0

Plus: Amortization of inventory step up- 0- 0260107- 0194196216- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 0- 0- 0Corporate Office consolidation- 0- 072876- 0- 0- 0- 0804Plus: Profit improvement plans(1)2,9467714Samples vs 2016 budget- 02,020- 0

Non-GAAP Adj. Gross Profit (Note 1)19,71523,44523,77723,73718,54626,86526,79524,34223,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,857Non-GAAP Adj. Gross Profit (Note 1)97,21778,08952,10556,65165,50666,75590,67496,548106,23195,425104,874Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0771- 0Plus: Amortization of inventory step up- 0- 0- 05Avant- 0523- 0

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%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%25.3%Total facility consolidation and asset write off1956,6472,9461,456- 0- 0- 0- 011,244Plus: Impairment of assets- 0- 0- 0Improvements28510,4594,570

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%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%25.3%Plus: Impairment of goodwill- 0- 0- 0Non-GAAP Adj. Operating Income1,9154,9366,384

Non-GAAP S,G&AQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Non-GAAP S,G&A20072008200920102011201220132014201520162017Check Totals1956,6472,9461,456- 0- 0- 077111,244Non-GAAP Adj. Operating Income1,9154,9366,384

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453413,747Non-GAAP Adj. Operating Income %1.9%1.2%1.5%Non-GAAP + Improvements0.0%0.0%0.0%

Selling and Administrative Expense16,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,044Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98398,257Volume leverage needed4,52012,91116,767

Plus: Business integration expense(165)(299)(770)(472)(377)(269)(555)(228)- 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- 0What it takes to get to Target4,80523,37021,337What it takes to get to 6.7%4,80523,37021,337

Less: Acquisition expenses- 0- 0(275)(75)(455)(154)(93)(88)- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Less: Acquisition expenses- 0- 0- 0- 0- 0(318)(350)(789)- 0- 0- 0Operating income at Target6,72028,30627,721Assume (Margin - Selling) Leverage20%20%20%

Non-GAAP Adj. Selling and Admin. Expense16,73018,54219,05119,84119,28523,83823,15424,68824,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,044Non-GAAP Adj. Selling and Admin. Expense78,78976,11560,54257,36260,66763,17174,16490,964100,42296,98398,257Target Operating Income as % Net Sales6.7%6.7%6.7%Sales Volumne Needed22,59964,55783,833

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%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%23.7%Growth Percent for Sales23%15%20%

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%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%23.7%

Non-GAAP Operating IncomeQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Non-GAAP Operating Income20072008200920102011201220132014201520162017

Net Sales75,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453413,747

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)6283,179767Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)5,613

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

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

Plus: Business integration expense1,4681,4422,1871,519822269555228- 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

Plus: Profit improvement plans- 0- 0- 0- 0739491,6322,8607758756146821,413403(1)(359)- 0- 0- 0Plus: Profit improvement plans- 02,3174,0911,556(563)- 0- 05,5142,9461,456771

Plus: Impairment of assets- 0- 0- 0195- 0655104375- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Impairment of assets- 04,4781,459- 0- 0- 01951,133- 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- 0Plus: Impairment of goodwill- 023,12131,406- 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)6283,179767Non-GAAP Adj. Operating Income (Loss) (Note 3)16,7071,456(8,434)(1,014)5,1053,51616,3844,6814,936(1,959)6,384

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%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%1.4%

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%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%1.5%

Non-GAAP Income from Continuing OperationsQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Non-GAAP Income from Continuing Operations20072008200920102011201220132014201520162017

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)Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(361)

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)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(213)

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(547)Income (loss) from Continuing Operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(148)





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- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 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- 0Plus: Tax effect of above- 0(11,368)(14,043)(591)214(646)(2,861)453(1,119)(553)(293)

Plus: Prior years tax credits and val. allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0Plus: Prior years tax credits and val. allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)1,5622,5713,2132,878(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(547)Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,946)(3,409)92340210,224(68)(451)(4,304)330

Adj diluted EPS from Cont. Op's0.120.200.250.22(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)Adj diluted EPS from Cont. Op's0.51(1.01)(1.54)(0.27)0.070.030.80(0.00)(0.03)(0.28)0.02

Wt'd avg. common shares outstanding - diluted12,73912,84612,89912,85213,01713,93715,39415,40715,43515,65615,66615,59015,60015,78315,74415,65915,67315,82615,707Wt'd avg. common shares outstanding - diluted13,21512,44912,33112,52412,62312,63812,85214,38215,53615,63815,716

Non-GAAP EBIT and EBITDAQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Non-GAAP EBIT and EBITDA20072008200920102011201220132014201520162017

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)Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(361)

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)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(213)

Plus: Taxes23620(461)(758)2,854(13)45(1,830)(1,490)407(38)407(2,415)45127(1,685)(163)(570)(181)Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)92

Plus: Interest9958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,486Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,630

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)6242,012758Non-GAAP Adjusted EBIT (Note 5)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)5,574

Plus: Depreciation and amortization2,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,213Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51513,657

Non-GAAP EBITDA from Cont Op4,1845,7254,7084,38211,6743,8974,358(991)9445,8114,9014,407(2,350)6,7245,3223823,8345,2083,971Non-GAAP EBITDA from Cont Op29,742(14,382)(31,704)8,72115,07511,48818,99918,93716,06310,07819,231



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





Non-GAAP Adj. EBITDA (Note 5)5,6527,1677,4316,2782,0876,1186,7642,7751,7196,6865,5155,089(937)7,1275,321233,8345,2083,971Non-GAAP Adj. EBITDA (Note 5)29,74215,5345,25210,27714,51213,18926,52817,74319,00911,53420,002

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%4.9%3.9%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%4.8%

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- 0Management estimate of severe weather (not in above)- 0- 0- 0- 0- 0- 0- 01,054- 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 2017Non-GAAP Free Cash Flow20072008200920102011201220132014201520162017

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)6242,012758Non-GAAP Adjusted EBIT (from above)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)5,574

Times: 1 - Tax Rate = EBIAT1,0351,9631,2151,2045,385393638(2,678)(1,670)1,331774769(3,626)2,1071,185(1,798)3871,247470Times: 1 - Tax Rate = EBIAT10,416(17,443)(28,029)(1,769)3,3641,2975,4173,7381,205(2,131)3,456

Plus: Depreciation and amortization2,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,213Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51513,657

Plus: Non Cash Impairment of Assets, Goodwill- 0- 0- 0195- 0655104375- 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

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)10,9066,24711,135Minus: Net change in Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)18,243

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)(1,804)(7,452)Non-GAAP Cash from Operations21,14625,29742,3158,8103,425(93)(1,839)6,23417,29528,289(1,130)

Minus: Capital Expenditures2,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,731Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,095

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

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)(4,537)(13,183)Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(14,225)

Current Assets116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147Current Assets119,804110,64883,46391,32695,140109,440143,167161,095169,595145,358164,194

Current Liabilities42,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,132Current Liabilities44,46736,70033,49040,35834,58238,09754,11060,49370,96363,63164,224

Net Working Capital74,61983,65689,85889,057102,731106,154112,820100,60299,716102,372101,89498,63293,96190,63191,55881,72792,63398,880110,015Net Working Capital75,33773,94849,97350,96960,55771,34389,057100,60298,63281,72799,970

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)10,9066,24711,135Change in Net Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)18,243

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 2017Check Totals20072008200920102011201220132014201520162017

Non-GAAP Adj. Gross Profit (Note 1)19,71523,44523,77723,73718,54626,86526,79524,34223,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,857- 0Non-GAAP Adj. Gross Profit (Note 1)97,21778,08952,10556,65165,50666,75590,67496,548106,23195,425104,874

Non-GAAP Adj. Selling and Admin. Expense16,73018,54219,05119,84119,28523,83823,15424,68824,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,044- 0Non-GAAP Adj. Selling and Admin. Expense78,78976,11560,54257,36260,66763,17174,16490,964100,42296,98398,257

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)6283,179767- 0Non-GAAP Adj. Operating Income (Loss) (Note 3)16,7071,456(8,434)(1,014)5,1053,51616,3844,6814,936(1,959)6,384

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)1,5622,5713,2132,878(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(547)- 0Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,946)(3,409)92340210,224(68)(451)(4,304)330

Non-GAAP Adj. EBITDA (Note 5)5,6527,1677,4316,2782,0876,1186,7642,7751,7196,6865,5155,089(937)7,1275,321233,8345,2083,971- 0Non-GAAP Adj. EBITDA (Note 5)29,74215,5345,25210,27714,51213,18926,52817,74319,00911,53420,002

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)(4,537)(13,183)- 0Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(14,225)

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

Non-GAAP Adj. Selling and Admin. Expense- 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

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

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

Non-GAAP Adj. EBITDA (Note 5)- 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

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

Worksheet Yr

Y 2007Y 2008Y 2009Y 2010Y 2011Y 2012Y 2013Y 2014Y 2015Y 2016TTM Q3 17

Net Sales321283203231270266344407422397410

Net Income (Loss)6.2(31.5)(42.2)(4.7)1.0(0.9)5.3(1.4)(2.4)(5.3)(2.8)

Operating Income16.7(28.5)(45.4)(2.6)5.71.88.9(5.2)2.0(3.4)1.7

Non-GAAP Adjusted Op. Income16.71.5(8.4)(1.0)5.13.516.44.74.9(2.0)1.3

EBITDA29.2(14.7)(32.1)8.414.811.218.716.915.910.013.1

Non-GAAP Adjusted EBITDA29.715.55.310.314.513.226.517.719.011.513.0

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!

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

Net Sales66.665.871.175.483.689.995.485.1107.9109.0104.695.9110.0108.9107.889.2105.3100.3102.697.5107.2102.7

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)

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

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)0.63.20.8

EBITDA3.84.2(2.6)0.95.84.94.4(2.4)6.85.30.33.85.14.0

Non-GAAP Adjusted EBITDA2.83.73.55.77.27.46.32.16.16.82.81.76.75.55.1(0.9)7.15.30.03.85.24.0

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

Net Sales24.124.29.624.319.19.210.82.0(0.1)3.2(6.6)(4.6)(8.6)(5.2)8.31.92.4

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%

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)

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

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)

EBITDA4.2(2.6)0.92.00.76.9(3.2)1.00.4(4.1)6.2(1.7)(1.3)

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(1.9)(1.3)

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 P&L

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)ActualActualForecastUse 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%Gross ProfitGross ProfitGross ProfitAdjusted Gross Profit (Loss) - Note 1Note a: Restated14%17%-1%29%18%4%-6%4%

($ 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 2017201520162017($ in thousands)20072008200920102011201220132014201520162017TTM

Net Sales50,45459,05856,67665,13465,95469,20069,60765,34962,85166,56665,82271,13475,44083,61789,93395,38485,082107,926109,006104,57495,855109,957108,908107,76389,234105,316100,297102,60697,541107,187102,650422,483397,453413,747Net Sales320,795282,710203,480231,322270,110266,372344,374406,588422,484397,453413,747409,984

Gross Profit12,35315,23712,57916,48216,57016,72315,77316,43915,70215,71916,55717,39518,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,857106,23195,425104,874Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425104,874100,290

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- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3834,738445- 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- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 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$ 106,231$ 95,425$ 104,874Non-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$ 104,874$ 100,290

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%25.1%24.0%25.3%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%25.3%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%25.1%24.0%25.3%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%25.3%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- 0Severe Weather (higher cost Q1 2014)- 0- 0- 0- 0- 0- 0- 01,054- 0- 0- 0- 0

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



Selling and Administrative Expense14,35815,02614,12913,84915,39314,94414,49315,83715,06215,68315,78516,95916,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,044100,42296,98398,257Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98398,25799,009

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- 0Plus: Business integration expense- 0- 0- 0- 0- 0- 0(1,706)(1,429)- 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- 0Less: Acquisition expenses- 0- 0- 0- 0- 0(318)(350)(789)- 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$ 100,422$ 96,983$ 98,257Non-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$ 98,257$ 99,009

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%23.8%24.4%23.7%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%23.7%24.1%

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%23.8%24.4%23.7%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%23.7%24.1%

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



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)6283,1797671,990(3,415)5,613Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)5,6131,680

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- 0Plus: Acquisition expenses- 0- 0- 0- 0- 0318350789- 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- 0Plus: Amortization of inventory step up- 0- 0- 0- 0- 0- 0367606- 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- 0Plus: Business integration expense- 0- 0- 0- 0- 01,3836,6161,874- 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- 0- 02,9461,456771Plus: Profit improvement plans- 02,3174,0911,556(563)- 0- 05,5142,9461,456771(359)

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- 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- 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)$ (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$ 767$ 4,936$ (1,959)$ 6,384Non-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)$ 6,384$ 1,321

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%0.5%-0.9%1.4%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%1.4%0.4%

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%1.2%-0.5%1.5%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%1.5%0.3%

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

Adjusted Income from Continuing Operations - Note 4AICOAICOAICOAdjusted 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)(2,426)(5,278)(361)Net income (loss) as reported6,247(31,481)(42,241)(4,654)986(927)5,291(1,402)(2,426)(5,278)(361)(2,782)

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)(148)(71)(213)Less: (Loss) from discontinued, net tax(521)(313)(382)(280)(286)(275)(266)(2,075)(148)(71)(213)(246)

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(547)(2,278)(5,207)(148)Income (loss) from Continuing Operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(148)(2,535)



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- 0Less: Gain on purchase of business- 0- 0- 0- 0- 0- 0- 0(11,110)- 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- 0(1,120)(553)(293)Plus: Tax effect of above- 0(11,368)(14,043)(591)214(646)(2,861)453(1,119)(553)(293)136

Plus: Prior years tax credits and val. allowance- 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: Prior years tax credits and val. allowance- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0

Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)(2,328)(608)(1,681)1,20764445922(203)(12)(157)4591121,5622,5713,2132,878(1,124)8671,484(1,294)(1,900)1,059465(75)(3,881)1,865572(2,861)(575)1,225(547)(452)(4,304)330Non-GAAP Adj. (Loss) / Inc from Cont. Op's (Note 4)6,767(12,619)(18,946)(3,409)92340210,224(68)(451)(4,304)330(2,758)


Non-GAAP Adj. Net Income(2,398)(668)(1,709)1,085623417(43)(361)(89)(186)2921101,5462,5393,1002,772(1,316)7321,307(2,864)(1,988)1,047447(105)(3,891)1,927533(2,944)(604)1,103(558)(600)(4,375)117Non-GAAP Adj. Net Income6,247(12,933)(19,329)(3,689)6371279,958(2,142)(599)(4,375)117(3,004)

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$ 0.12$ 0.20$ 0.25$ 0.22$ (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)$ (0.03)$ (0.28)$ 0.02Adjusted diluted earnings per share from Continuing Operations$ 0.51$ (1.01)$ (1.54)$ (0.27)$ 0.07$ 0.03$ 0.80$ (0.00)$ (0.03)$ (0.28)$ 0.02$ (0.18)

Wt'd avg. common shares outstanding - diluted1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,00012,73912,84612,89912,85213,01713,93715,39415,40715,43515,65615,66615,59015,60015,78315,74415,65915,67315,82615,70715,53615,63815,716Weighted average common shares outstanding - diluted13,21512,44912,33112,52412,62312,63812,85214,38215,53615,63815,71615,541

Adjusted EBIT and EBITDA - (EBIT) - Note 3, (EBITDA) - Note 5EBITDAEBITDAEBITDAAdjusted 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)(714)(3,622)92Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)92(2,599)

Plus: Interest1,2351,0829049039329009047357267627818779958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,4864,9355,3925,630Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,6305,628

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$ 2,012$ 758$ 1,943$ (3,437)$ 5,574Non-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)$ 5,574$ 493

Plus: Depreciation and amortization2,9642,9662,9412,7042,5192,3602,4222,3482,4022,3792,3552,2592,5152,5592,7482,4412,9883,2623,3303,3283,6373,6653,6523,1663,4983,3253,4103,2823,2103,1963,21314,12013,51513,657Plus: Depreciation and amortization12,94113,75213,50411,5759,6509,39610,26312,90814,12013,51513,65712,901

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)6,7245,3223823,8345,2083,97116,06310,07819,231Non-GAAP EBITDA from Cont Op29,742(14,382)(31,704)8,72115,07511,48818,99918,93716,06310,07819,23113,394



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- 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)$ 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$ 5,208$ 3,971$ 19,009$ 11,534$ 20,002Non-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$ 20,002$ 13,035

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%4.9%3.9%4.5%2.9%4.8%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%4.8%3.2%

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

Free Cash Flow (FCF) - Note 6FCFFCFFCFFree 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)6242,0127581,943(3,437)5,574Non-GAAP Adjusted EBIT (from above)16,801(28,134)(45,208)(2,854)5,4262,0928,7376,0291,943(3,437)5,574493

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)3871,2474701,205(2,131)3,456Times: 1 - Tax Rate = EBIAT10,416(17,443)(28,029)(1,769)3,3641,2975,4173,7381,205(2,131)3,456306


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- 0Plus: Non Cash Impairment of Assets, Goodwill- 027,59932,865- 0- 0- 01951,133- 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)10,9066,24711,1359,575(16,905)18,243Minus: Net change in Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)18,24318,457

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)(1,804)(7,452)5,74928,289(1,130)Non-GAAP Cash from Operations21,14625,29742,3158,8103,425(93)(1,839)6,23417,29528,289(1,130)(5,250)

Minus: Capital Expenditures911461,0394851,1001,0382,0532,5441,1325572982,0652,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,73112,2305,33113,095Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,09513,978

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- 0Minus: Business / Capital acquisitions- 0- 0- 0- 0- 06,9611,8639,331- 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)(4,537)(13,183)(6,481)22,958(14,225)Non-GAAP Free Cash Flow (Note 6)4,50816,42641,8047,049(3,310)(11,106)(16,959)(35,922)5,06522,958(14,225)(19,228)

Current Assets83,46380,06784,97187,09191,326102,549105,955106,00995,140100,753106,104106,550109,440116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147169,595145,358164,194Current Assets119,804110,64883,46391,32695,140109,440143,167161,095169,595145,358164,194178,147

Current Liabilities33,49035,84938,87336,37240,35846,43050,32748,46334,58234,38735,29734,93138,09742,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,13270,96363,63164,224Current Liabilities44,46736,70033,49040,35834,58238,09754,11060,49370,96363,63164,22468,132

Net Working Capital49,97344,21846,09850,71950,96956,11955,62857,54660,55766,36670,80771,61971,34374,61983,65689,85889,057102,731106,154112,820100,60299,716102,372101,89498,63293,96190,63191,55881,72792,63398,880110,01598,63281,72799,970Net Working Capital75,33773,94849,97350,96960,55771,34389,057100,60298,63281,72799,970110,015

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)10,9066,24711,1359,575(16,905)18,243Change in Net Working Capital2,211(1,389)(23,975)9969,58910,78617,71411,546(1,970)(16,905)18,24318,457

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- 00- 0- 0- 0Downturn Facility consolidation- 02,3174,0911,556(563)- 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- 00- 0- 0- 0Impairment of Goodwill- 023,12131,406- 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- 00- 0- 0- 0Eton Tufting Mill Startup- 0- 0- 0- 0- 0926110- 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- 00- 0- 0- 0Colormaster Carpet Dye Line- 0- 0- 0- 0- 04571,933445- 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- 00- 0- 0- 0Crown Rugs- 0- 0- 0- 0- 0269853- 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- 0Roanoke Yarn Conversion- 0- 0- 0- 0- 0- 0604- 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- 00- 0- 0- 0Robertex Acquisition and related consolidation - 0- 0- 0- 0- 0491,687495- 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- 00- 0- 0- 0Avant commercial- 0- 0- 0- 0- 0- 01,372934- 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- 00- 0- 0- 0Belmont Yarn Space Dye Line- 0- 0- 0- 0- 0- 0252- 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- 00- 0- 0- 0CPC Legal Settlement- 0- 0- 0- 0- 0- 0172- 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- 00- 0- 0- 0Purchase Accounting gain- 0- 0- 0- 0- 0- 0350(11,110)- 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- 00- 0- 0- 0Atlas Acquisition and related consolidation- 0- 0- 0- 0- 0- 0- 01,395- 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- 00202- 0- 0West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 01,366202- 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- 002,0161,380- 0East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 04,1482,0161,380- 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- 00- 0- 0- 0Impairment of Assets- 04,4781,459- 0- 0- 01951,133- 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- 0072876- 0Corporate Facility consolidation- 0- 0- 0- 0- 0- 0- 0- 072876- 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- 0- 00- 0- 0771Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0771- 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- 00- 0- 0- 0Tax credits and tax valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 0- 0- 0

Total non-GAAP Adjustments212122304918- 0(563)- 0- 01483993078471,3111,4421,990939(9,587)2,2212,4053,7677758756146821,413403(1)(359)- 0- 0- 002,9461,456771Total non-GAAP Adjustments- 029,91637,5781,556(563)1,7015,681(1,194)2,9461,456771(359)

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- 01,054- 0- 0Weather impact- 0- 0- 0- 0- 0- 0- 01,054- 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- 0Cost of Goods Sold- 0- 0- 0- 0- 01,3835,1052,105- 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- 0Selling- 0- 0- 0- 0- 0- 01,7061,429- 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- 0General and Administrative- 0- 0- 0- 0- 0318350789- 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- 0Other Operating Expense- 0- 0- 0- 0- 0- 0172- 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- 0- 02,9461,456771Facility consolidation Expense- 02,3174,0911,556(563)- 0- 05,5142,9461,456771(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- 0- 0Impairment of Assets- 027,59932,865- 0- 0- 01951,133- 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- 0Impairment of Goodwill- 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- 0Purchase accounting gain- 0- 0- 0- 0- 0- 0- 0(11,110)- 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- 0- 0- 0- 0Tax credits and tax valuation allowance- 0- 0622- 0- 0- 0(1,847)- 0- 0- 0- 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- 0- 02,9461,456771Total non-GAAP Adjustments (including weather)- 029,91637,5781,556(563)1,7015,681(140)2,9461,456771(359)

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- 0Downsize Facility consolidation- 02,3174,0911,556(563)- 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- 0Asset writeoff with downsize consolidation- 04,4781,459- 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- 0Goodwill Writeoff- 023,12131,406- 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- 0Colormaster dryer write off - 0- 0- 0- 0- 0- 0195- 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- 0202- 0- 0West Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 01,366202- 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- 02,0161,380- 0East Coast Facility consolidation- 0- 0- 0- 0- 0- 0- 04,1482,0161,380- 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- 0East Coast Asset write off- 0- 0- 0- 0- 0- 0- 01,133- 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- 072876- 0Corporate Office consolidation- 0- 0- 0- 0- 0- 0- 0- 072876- 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- 0- 0- 0- 0771Profit Improvement Plan- 0- 0- 0- 0- 0- 0- 0- 0- 0- 0771- 0

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- 0- 02,9461,456771Restructring Recap- 029,91636,9561,556(563)- 01956,6472,9461,456771(359)

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

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 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)ActualActualActualActualActualActualActualActualActualActualForecastUse 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 Profit12,35315,23712,57916,48216,57016,72315,77316,43915,70215,71916,55717,39518,41222,30222,10022,75518,10126,67126,59924,12623,33929,30627,26526,32119,50628,24225,83121,84625,16128,42624,857106,23195,425104,874Gross Profit97,21778,08952,10556,65165,50665,37285,56995,497106,23195,425104,874100,290

Selling and Administrative Expense14,35815,02614,12913,84915,39314,94414,49315,83715,06215,68315,78516,95916,89518,84120,09620,38820,11724,26023,80125,00424,75726,19125,26724,20723,66624,32023,77425,22324,48125,26124,044100,42296,98398,257Selling and Administrative Expense78,78976,11560,54257,36260,66763,48976,22193,182100,42296,98398,25799,009

Other Expense / (Income)1522192303024906313118826711814012452(14)46872649234Other Expense / (Income)204517114303(266)68494903872649234208

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)6283,1797671,990(3,415)5,613Operating income (loss)16,707(28,460)(45,390)(2,570)5,6681,8158,855(5,236)1,990(3,415)5,6131,680

Plus: Interest1,2351,0829049039329009047357267627818779958698969961,0121,1589911,1411,1771,2231,2031,3321,3241,3331,3121,4231,3621,3571,4864,9355,3925,630Plus: Interest6,3475,9655,5214,1243,4703,1463,7564,3014,9355,3925,6305,628

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)(714)(3,622)92Plus: Taxes3,686(2,932)(8,870)(2,604)684(401)(576)1,055(714)(3,622)92(2,599)

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(547)(2,278)(5,207)(148)Income (loss) from continuing operations6,767(31,167)(41,859)(4,374)1,272(653)5,557673(2,278)(5,207)(148)(2,535)



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)6,7865,2832983,8055,0853,96015,91510,00719,018EBITDA29,221(14,695)(32,087)8,44114,78911,21318,73316,86315,91510,00719,01813,148


Minus: Capital Expenditures911461,0394851,1001,0382,0532,5441,1325572982,0652,5803,4414,4502,7864,2994,1926,97217,3625,7052,5981,7582,1691,2181,0201,3571,7363,7782,7335,73112,2305,33113,095Minus: Capital Expenditures16,6388,8715111,7616,7354,05213,25732,82512,2305,33113,09513,978

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- 0Minus: Business / Capital acquisitions- 0- 0- 0- 0- 06,9611,8639,331- 0- 0- 0- 0

Current Assets83,46380,06784,97187,09191,326102,549105,955106,00995,140100,753106,104106,550109,440116,802127,909144,486143,167169,917176,340179,448161,095169,055175,054173,606169,595160,708158,577160,441145,358159,404170,008178,147169,595145,358164,194Current Assets111,655110,64883,46391,32695,140109,440143,167161,095169,595145,358164,194178,147

Current Liabilities33,49035,84938,87336,37240,35846,43050,32748,46334,58234,38735,29734,93138,09742,18344,25354,62854,11067,18670,18666,62860,49369,33972,68371,71270,96366,74767,94668,88363,63166,77171,12868,13270,96363,63164,224Current Liabilities41,64036,70033,49040,35834,58238,09754,11060,49370,96363,63164,22468,132

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- 0Goodwill Writeoff- 023,12131,406- 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- 0Downsize Facility consolidation- 02,3174,0911,556(563)- 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- 0Asset writeoff with downsize consolidation- 04,4781,459- 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- 0Eton Integration Impact- 0- 0- 0- 0- 0926110- 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- 0Colormaster Acquisiton related expenses- 0- 0- 0- 0- 0269- 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- 0Colormaster Integration- 0- 0- 0- 0- 04571,933445- 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- 0Crown Acquisiton related expenses- 0- 0- 0- 0- 049- 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- 0Machine Tufted Rug- 0- 0- 0- 0- 0- 0853- 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- 0Avant Launch- 0- 0- 0- 0- 0- 01,372934- 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- 0Roanoke startup (operations)- 0- 0- 0- 0- 0- 0260- 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- 0Roanoke startup (material loss vs. std) - 0- 0- 0- 0- 0- 0344- 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- 0Space Dye Yarn Startup- 0- 0- 0- 0- 0- 0252- 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- 0Robertex Acquisition related expenses- 0- 0- 0- 0- 0- 0350- 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- 0Robertex Purchase Acctg (inventory FMV writeup)- 0- 0- 0- 0- 0- 0367- 0- 0- 0- 0- 0Robertex Purchase Acctg (inventory FMV writeup)Inventory WriteupCOSCOGSPlus: Amortization of inventory step upPlus: Amortization of inventory step up

November 2017 Investor Presentation...Jan '13 Jan '14 Jan '15 Jan '16 Jan '17 • “Nearly...

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