Interface, Inc. Form 8-K April 25, 2007

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

                                   

FORM 8-K
                                   

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 25, 2007

                                   


                        INTERFACE, INC.                         
(Exact name of Registrant as Specified in its Charter)


Georgia
000-12016
58-1451243
(State or other Jurisdiction of Incorporation or Organization)
(Commission File
Number)
(IRS Employer
Identification No.)


2859 Paces Ferry Road, Suite 2000
Atlanta, Georgia
 
30339
(Address of principal executive offices)
(Zip code)

Registrant’s telephone number, including area code: (770) 437-6800


Not Applicable   
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):




o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
 
On April 25, 2007, Interface, Inc. (the “Company”) issued a press release reporting its financial results for the first quarter of 2007 (the “Earnings Release”). A copy of the Earnings Release is included as Exhibit 99.1 hereto and hereby incorporated by reference.  The information set forth in this Item 2.02, including the exhibit hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
 
ITEM 2.06. MATERIAL IMPAIRMENTS.

On April 25, 2007, the Company’s Board of Directors concluded that a non-cash charge of $48.3 million was required for impairment of goodwill and other intangible assets associated with its fabrics business. The Company is exploring possible strategic options for this business, and the charge was based upon analyses that indicated that the carrying value of the fabrics business assets exceeded their fair value. This charge was recorded in the first quarter of 2007.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)           Financial Statements of Businesses Acquired.

None.

(b)          Pro Forma Financial Information.

None.

(c) Shell Company Transactions.

None.

(d)          Exhibits.

 
Exhibit No.
 
 
Description
 
 
99.1
 
 
Press Release of Interface, Inc., dated April 25, 2007, reporting its financial results for the first quarter of 2007 (furnished pursuant to Item 2.02 of this Report).
 


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
INTERFACE, INC.
   
   
By:     
/s/ Patrick C. Lynch
 
Patrick C. Lynch
 
Vice President
Date:  April 25, 2007
  








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EXHIBIT INDEX


 
Exhibit No.
 
 
Description
 
 
99.1
 
 
Press Release of Interface, Inc., dated April 25, 2007, reporting its financial results for the first quarter of 2007 (furnished pursuant to Item 2.02 of this Report).