Floor & Decor Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

SCHEDULE I - Parent Company Information

SCHEDULE I - Parent Company Information

12 Months Ended

Dec. 29, 2016

Schedule I - Parent Company Only

Schedule I - Parent Company Only Information

Schedule I—Floor & Decor Holdings, Inc.

(parent company only)

Condensed Balance Sheets

(In Thousands, Except Share and Per Share Data)

	As of December 31, 2015			As of December 29, 2016
Assets
Current assets:
Accounts receivable from subsidiaries	$	—		$	—

Total current assets		—			—
Long-term assets:
Investment in subsidiaries		312,365			134,283

Total long-term assets		312,365			134,283

Total assets	$	312,365		$	134,283


Liabilities and stockholders' equity
Current liabilities:
Notes payable	$	—		$	—
Accrued interest payable		—			—

Total current liabilities		—			—

Total liabilities		—			—

Commitments and contingencies
Stockholders' equity
Capital stock:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding at December 29, 2016 and December 31, 2015		—			—
Common stock Class A, $0.001 par value; 450,000,000 shares authorized; 76,847,116 shares issued and outstanding at December 29, 2016 and December 31, 2015		77			77
Common stock Class B, $0.001 par value; 10,000,000 shares authorized; 395,742 shares issued and outstanding at December 29, 2016; 250,602 shares issued and outstanding at December 31, 2015		—			—
Common stock Class C, $0.001 par value; 30,000,000 shares authorized; 6,275,489 shares issued and outstanding at December 29, 2016 and December 31, 2015		6			6
Additional paid-in capital		264,288			117,270
Accumulated other comprehensive loss, net		(100	)		176
Retained earnings		48,094			16,754

Total stockholders' equity		312,365			134,283

Total liabilities and stockholders' equity	$	312,365		$	134,283

Schedule I—Floor & Decor Holdings, Inc.

(parent company only)

Condensed Statements of Income

(In Thousands)

	Year Ended December 25, 2014		Year Ended December 31, 2015		Year Ended December 29, 2016
Net income of subsidiaries	$	15,098	$	26,807	$	43,039

Income before income taxes		15,098		26,807		43,039
Benefit for income taxes		—		—		—

Net income	$	15,098	$	26,807	$	43,039

Schedule I—Floor & Decor Holdings, Inc.

(parent company only)

Condensed Statements of Comprehensive Income

(In Thousands)

	Year Ended December 25, 2014		Year Ended December 31, 2015		Year Ended December 29, 2016
Net income	$	15,098	$	26,807	$	43,039
Unrealized gain on fair value hedge instruments of subsidiaries, net of tax		14		43		276

Total comprehensive income	$	15,112	$	26,850	$	43,315

Schedule I—Floor & Decor Holdings, Inc.

(parent company only)

Consolidated Statements of Cash Flows

(In Thousands)

	Year Ended December 25, 2014			Year Ended December 31, 2015			Year Ended December 29, 2016
Operating activities
Net income	$	15,098		$	26,807		$	43,039
Adjustments to reconcile net income to net cash used in operating activities:
Net income of subsidiaries		(15,098	)		(26,807	)		(43,039	)

Net cash used in operating activities		—			—			—
Investing activities
Investment in subsidiary		(954	)		(40	)		(284	)
Distribution from subsidiary		—			—			225,000

Net cash (used in) provided by investing activities		(954	)		(40	)		224,716
Financing activities
Proceeds from exercise of stock options		954			40			284
Cash dividends		—			—			(225,000	)

Net cash provided by (used in) financing activities		954			40			(224,716	)

Net change in cash and cash equivalents		—			—			—
Cash and cash equivalents, beginning of the year		—			—			—

Cash and cash equivalents, end of the year	$	—		$	—		$	—

Schedule I—Floor & Decor Holdings, Inc.

(parent company only)

Notes to Condensed Financial Statements

December 29, 2016

1. Basis of Presentation

In the parent-company-only financial statements, the Company's investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries. The parent-company-only financial statements should be read in conjunction with the Company's consolidated financial statements.

2. Guarantees and Restrictions

As of December 29, 2016, Floor and Decor Outlets of America, Inc., a subsidiary of the Company, had $350,000 thousand of debt outstanding under the Term Loan Facility. As of December 29, 2016, Floor and Decor Outlets of America, Inc. also had $50,000 thousand outstanding under the ABL Facility, excluding outstanding letters of credit of $10,119 thousand. Under the terms of the credit agreements governing our Credit Facilities, the Company's subsidiaries have guaranteed the payment of all principal and interest. In the event of a default under our Credit Facilities, certain of the Company's subsidiaries will be directly liable to the debt holders. As of December 29, 2016, the Term Loan Facility had a maturity date of September 30, 2023, and the ABL Facility had a maturity date of September 30, 2021. The credit agreements governing our Credit Facilities also include restrictions on the ability of the Company's subsidiaries to (i) incur additional indebtedness and liens in connection therewith; (ii) pay dividends and make certain other restricted payments; (iii) effect mergers or consolidations; (iv) enter into transactions with affiliates; (v) sell or dispose of property or assets; and (vi) engage in unrelated lines of business.

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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