Condensed Consolidating Financial Statements (Tables) | 3 Months Ended |
Mar. 31, 2015 |
Condensed Consolidating Financial Statements [Abstract] | |
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet |
As of March 31, 2015 |
| | | | | | | | | | | | | | | | | | | |
| EPR Properties | | Wholly Owned | | Non- | | Consolidated | | Consolidated |
(Issuer) | Subsidiary | Guarantor | Elimination |
| Guarantors | Subsidiaries | |
Assets | | | | | | | | | |
Rental properties, net | $ | — | | | $ | 1,771,369 | | | $ | 701,980 | | | $ | — | | | $ | 2,473,349 | |
|
Land held for development | — | | | — | | | 28,119 | | | — | | | 28,119 | |
|
Property under development | — | | | 205,695 | | | 184,510 | | | — | | | 390,205 | |
|
Mortgage notes and related accrued interest receivable | — | | | 414,654 | | | 112,450 | | | — | | | 527,104 | |
|
Investment in a direct financing lease, net | — | | | 200,266 | | | — | | | — | | | 200,266 | |
|
Investment in joint ventures | — | | | — | | | 5,902 | | | — | | | 5,902 | |
|
Cash and cash equivalents | 95,777 | | | 1,191 | | | 5,238 | | | — | | | 102,206 | |
|
Restricted cash | 105 | | | 20,162 | | | 2,187 | | | — | | | 22,454 | |
|
Deferred financing costs, net | 18,589 | | | 3,736 | | | 452 | | | — | | | 22,777 | |
|
Accounts receivable, net | 222 | | | 33,122 | | | 23,053 | | | — | | | 56,397 | |
|
Intercompany notes receivable | — | | | — | | | 175,757 | | | (175,757 | ) | | — | |
|
Investments in subsidiaries | 3,300,993 | | | — | | | — | | | (3,300,993 | ) | | — | |
|
Other assets | 21,267 | | | 9,103 | | | 44,153 | | | — | | | 74,523 | |
|
Total assets | $ | 3,436,953 | | | $ | 2,659,298 | | | $ | 1,283,801 | | | $ | (3,476,750 | ) | | $ | 3,903,302 | |
|
Liabilities and Equity | | | | | | | | | |
Liabilities: | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 43,829 | | | $ | 27,346 | | | $ | 7,324 | | | $ | — | | | $ | 78,499 | |
|
Dividends payable | 23,248 | | | — | | | — | | | — | | | 23,248 | |
|
Unearned rents and interest | 750 | | | 33,638 | | | 8,240 | | | — | | | 42,628 | |
|
Intercompany notes payable | — | | | — | | | 175,757 | | | (175,757 | ) | | — | |
|
Debt | 1,460,000 | | | — | | | 389,424 | | | — | | | 1,849,424 | |
|
Total liabilities | 1,527,827 | | | 60,984 | | | 580,745 | | | (175,757 | ) | | 1,993,799 | |
|
EPR Properties shareholders’ equity | 1,909,126 | | | 2,598,314 | | | 702,679 | | | (3,300,993 | ) | | 1,909,126 | |
|
Noncontrolling interests | — | | | — | | | 377 | | | — | | | 377 | |
|
Total equity | $ | 1,909,126 | | | $ | 2,598,314 | | | $ | 703,056 | | | $ | (3,300,993 | ) | | $ | 1,909,503 | |
|
Total liabilities and equity | $ | 3,436,953 | | | $ | 2,659,298 | | | $ | 1,283,801 | | | $ | (3,476,750 | ) | | $ | 3,903,302 | |
|
|
Condensed Consolidating Balance Sheet |
As of December 31, 2014 |
| | | | | | | | | | | | | | | | | | | |
| EPR | | Wholly Owned | | Non- | | Consolidated | | Consolidated |
Properties | Subsidiary | Guarantor | Elimination |
(Issuer) | Guarantors | Subsidiaries | |
Assets | | | | | | | | | |
Rental properties, net | $ | — | | | $ | 1,737,982 | | | $ | 713,552 | | | $ | — | | | $ | 2,451,534 | |
|
Land held for development | — | | | — | | | 206,001 | | | — | | | 206,001 | |
|
Property under development | — | | | 171,139 | | | 10,659 | | | — | | | 181,798 | |
|
Mortgage notes and related accrued interest receivable | — | | | 413,025 | | | 94,930 | | | — | | | 507,955 | |
|
Investment in a direct financing lease, net | — | | | 199,332 | | | — | | | — | | | 199,332 | |
|
Investment in joint ventures | — | | | — | | | 5,738 | | | — | | | 5,738 | |
|
Cash and cash equivalents | (1,234 | ) | | 786 | | | 3,784 | | | — | | | 3,336 | |
|
Restricted cash | 1,000 | | | 10,215 | | | 1,857 | | | — | | | 13,072 | |
|
Deferred financing costs, net | 15,224 | | | 4,136 | | | 549 | | | — | | | 19,909 | |
|
Accounts receivable, net | 90 | | | 32,303 | | | 14,889 | | | — | | | 47,282 | |
|
Intercompany notes receivable | — | | | — | | | 175,757 | | | (175,757 | ) | | — | |
|
Investments in subsidiaries | 3,124,416 | | | — | | | — | | | (3,124,416 | ) | | — | |
|
Other assets | 21,272 | | | 8,658 | | | 36,161 | | | — | | | 66,091 | |
|
Total assets | $ | 3,160,768 | | | $ | 2,577,576 | | | $ | 1,263,877 | | | $ | (3,300,173 | ) | | $ | 3,702,048 | |
|
Liabilities and Equity | | | | | | | | | |
Liabilities: | | | | | | | | | |
Accounts payable and accrued liabilities | $ | 51,673 | | | $ | 32,009 | | | $ | (1,502 | ) | | $ | — | | | $ | 82,180 | |
|
Dividends payable | 22,233 | | | — | | | — | | | — | | | 22,233 | |
|
Unearned rents and interest | 750 | | | 20,131 | | | 4,742 | | | — | | | 25,623 | |
|
Intercompany notes payable | — | | | — | | | 175,757 | | | (175,757 | ) | | — | |
|
Debt | 1,160,000 | | | 62,000 | | | 423,523 | | | — | | | 1,645,523 | |
|
Total liabilities | 1,234,656 | | | 114,140 | | | 602,520 | | | (175,757 | ) | | 1,775,559 | |
|
EPR Properties shareholders’ equity | 1,926,112 | | | 2,463,436 | | | 660,980 | | | (3,124,416 | ) | | 1,926,112 | |
|
Noncontrolling interests | — | | | — | | | 377 | | | — | | | 377 | |
|
Total equity | $ | 1,926,112 | | | $ | 2,463,436 | | | $ | 661,357 | | | $ | (3,124,416 | ) | | $ | 1,926,489 | |
|
Total liabilities and equity | $ | 3,160,768 | | | $ | 2,577,576 | | | $ | 1,263,877 | | | $ | (3,300,173 | ) | | $ | 3,702,048 | |
|
|
Condensed Consolidating Statement Of Income | Condensed Consolidating Statement of Income |
Three Months Ended March 31, 2015 |
| | | | | | | | | | | | | | | | | | | |
| EPR Properties | | Wholly Owned | | Non- | | Consolidated | | Consolidated |
(Issuer) | Subsidiary | Guarantors | Elimination |
| Guarantors | Subsidiaries | |
Rental revenue | $ | — | | | $ | 53,088 | | | $ | 23,652 | | | $ | — | | | $ | 76,740 | |
|
Tenant reimbursements | — | | | 1,043 | | | 3,260 | | | — | | | 4,303 | |
|
Other income | — | | | 1 | | | 549 | | | — | | | 550 | |
|
Mortgage and other financing income | 212 | | | 15,128 | | | 2,503 | | | — | | | 17,843 | |
|
Intercompany fee income | 689 | | | — | | | — | | | (689 | ) | | — | |
|
Interest income on intercompany notes receivable | 111 | | | — | | | 2,391 | | | (2,502 | ) | | — | |
|
Total revenue | 1,012 | | | 69,260 | | | 32,355 | | | (3,191 | ) | | 99,436 | |
|
Equity in subsidiaries’ earnings | 78,995 | | | — | | | — | | | (78,995 | ) | | — | |
|
Property operating expense | — | | | 2,729 | | | 3,628 | | | — | | | 6,357 | |
|
Intercompany fee expense | — | | | — | | | 689 | | | (689 | ) | | — | |
|
Other expense | — | | | — | | | 102 | | | — | | | 102 | |
|
General and administrative expense | — | | | 5,218 | | | 2,464 | | | — | | | 7,682 | |
|
Retirement severance expense | 18,578 | | | — | | | — | | | — | | | 18,578 | |
|
Interest expense, net | 16,360 | | | (975 | ) | | 3,202 | | | — | | | 18,587 | |
|
Interest expense on intercompany notes payable | — | | | — | | | 2,502 | | | (2,502 | ) | | — | |
|
Transaction costs | 1,354 | | | — | | | 252 | | | — | | | 1,606 | |
|
Depreciation and amortization | 390 | | | 14,002 | | | 4,963 | | | — | | | 19,355 | |
|
Income before equity in income from joint ventures and other items | 43,325 | | | 48,286 | | | 14,553 | | | (78,995 | ) | | 27,169 | |
|
Equity in income from joint ventures | — | | | — | | | 164 | | | — | | | 164 | |
|
Gain on sale of real estate | — | | | 23,748 | | | 176 | | | — | | | 23,924 | |
|
Income before income taxes | 43,325 | | | 72,034 | | | 14,893 | | | (78,995 | ) | | 51,257 | |
|
Income tax expense | 504 | | | — | | | 7,922 | | | — | | | 8,426 | |
|
Income from continuing operations | 42,821 | | | 72,034 | | | 6,971 | | | (78,995 | ) | | 42,831 | |
|
Discontinued operations: | | | | | | | | | |
Loss from discontinued operations | — | | | (10 | ) | | — | | | — | | | (10 | ) |
|
Net income attributable to EPR Properties | 42,821 | | | 72,024 | | | 6,971 | | | (78,995 | ) | | 42,821 | |
|
Preferred dividend requirements | (5,952 | ) | | — | | | — | | | — | | | (5,952 | ) |
|
Net income available to common shareholders of EPR Properties | $ | 36,869 | | | $ | 72,024 | | | $ | 6,971 | | | $ | (78,995 | ) | | $ | 36,869 | |
|
Comprehensive income attributable to EPR Properties | $ | 38,966 | | | $ | 71,977 | | | $ | 4,222 | | | $ | (76,199 | ) | | $ | 38,966 | |
|
|
Condensed Consolidating Statement of Income |
Three Months Ended March 31, 2014 |
| | | | | | | | | | | | | | | | | | | |
| EPR | | Wholly Owned | | Non- | | Consolidated | | Consolidated |
Properties | Subsidiary | Guarantor | Elimination |
(Issuer) | Guarantors | Subsidiaries | |
Rental revenue | $ | — | | | $ | 45,110 | | | $ | 21,321 | | | $ | — | | | $ | 66,431 | |
|
Tenant reimbursements | — | | | 982 | | | 3,606 | | | — | | | 4,588 | |
|
Other income | 173 | | | — | | | 1 | | | | | | 174 | |
|
Mortgage and other financing income | 187 | | | 17,796 | | | 681 | | | — | | | 18,664 | |
|
Intercompany fee income | 780 | | | — | | | — | | | (780 | ) | | — | |
|
Interest income on intercompany notes receivable | — | | | — | | | 7,063 | | | (7,063 | ) | | — | |
|
Total revenue | 1,140 | | | 63,888 | | | 32,672 | | | (7,843 | ) | | 89,857 | |
|
Equity in subsidiaries’ earnings | 58,465 | | | — | | | — | | | (58,465 | ) | | — | |
|
Property operating expense | (1 | ) | | 2,396 | | | 4,054 | | | — | | | 6,449 | |
|
Intercompany fee expense | — | | | — | | | 780 | | | (780 | ) | | — | |
|
Other expense | — | | | — | | | 98 | | | — | | | 98 | |
|
General and administrative expense | — | | | 4,911 | | | 2,551 | | | — | | | 7,462 | |
|
Interest expense, net | 15,688 | | | (411 | ) | | 4,622 | | | — | | | 19,899 | |
|
Interest expense on intercompany notes payable | — | | | — | | | 7,063 | | | (7,063 | ) | | — | |
|
Transaction costs | — | | | — | | | 196 | | | — | | | 196 | |
|
Depreciation and amortization | 275 | | | 10,503 | | | 4,549 | | | — | | | 15,327 | |
|
Income before equity in income from joint ventures and other items | 43,643 | | | 46,489 | | | 8,759 | | | (58,465 | ) | | 40,426 | |
|
Equity in income from joint ventures | — | | | — | | | 311 | | | — | | | 311 | |
|
Gain on sale of real estate | — | | | — | | | 330 | | | | | 330 | |
|
Income before income taxes | 43,643 | | | 46,489 | | | 9,400 | | | (58,465 | ) | | 41,067 | |
|
Income tax expense | 110 | | | — | | | 815 | | | — | | | 925 | |
|
Income from continuing operations | 43,533 | | | 46,489 | | | 8,585 | | | (58,465 | ) | | 40,142 | |
|
Discontinued operations: | | | | | | | | | |
Income (loss) from discontinued operations | — | | | (3 | ) | | 18 | | | — | | | 15 | |
|
Transaction costs (benefit) | — | | | 3,376 | | | — | | | — | | | 3,376 | |
|
Net income attributable to EPR Properties | 43,533 | | | 49,862 | | | 8,603 | | | (58,465 | ) | | 43,533 | |
|
Preferred dividend requirements | (5,952 | ) | | — | | | — | | | — | | | (5,952 | ) |
|
Net income available to common shareholders of EPR Properties | $ | 37,581 | | | $ | 49,862 | | | $ | 8,603 | | | $ | (58,465 | ) | | $ | 37,581 | |
|
Comprehensive income attributable to EPR Properties | $ | 41,469 | | | $ | 50,005 | | | $ | 6,560 | | | $ | (56,565 | ) | | $ | 41,469 | |
|
|
|
|
|
|
|
|
Condensed Consolidating Statement of Cash Flows | | | | |
Three Months Ended March 31, 2015 | | | | |
| | | | | | | | | | | | | | | | | | | |
| EPR | | Wholly Owned | | Non-Guarantor | | Consolidated | | | | |
Properties | Subsidiary | Subsidiaries | | | | |
(Issuer) | Guarantors | | | | | |
Intercompany fee income (expense) | $ | 689 | | | $ | — | | | $ | (689 | ) | | $ | — | | | | | |
| | | |
Interest income (expense) on intercompany receivable/payable | 111 | | | — | | | (111 | ) | | — | | | | | |
| | | |
Net cash provided (used) by other operating activities | (194,803 | ) | | 70,267 | | | 181,599 | | | 57,063 | | | | | |
| | | |
Net cash provided (used) by operating activities of continuing operations | (194,003 | ) | | 70,267 | | | 180,799 | | | 57,063 | | | | | |
| | | |
Net cash provided by operating activities of discontinued operations | — | | | 455 | | | — | | | 455 | | | | | |
| | | |
Net cash provided (used) by operating activities | (194,003 | ) | | 70,722 | | | 180,799 | | | 57,518 | | | | | |
| | | |
Investing activities: | | | | | | | | | | | |
| | | |
Acquisition of rental properties and other assets | (86 | ) | | (49,252 | ) | | 131 | | | (49,207 | ) | | | | |
| | | |
Proceeds from sale of real estate | — | | | 42,709 | | | 1,081 | | | 43,790 | | | | | |
| | | |
Investment in mortgage notes receivable | — | | | (3,121 | ) | | (15,577 | ) | | (18,698 | ) | | | | |
| | | |
Proceeds from mortgage note receivable paydown | — | | | 148 | | | — | | | 148 | | | | | |
| | | |
Additions to property under development | — | | | (64,105 | ) | | (5,090 | ) | | (69,195 | ) | | | | |
| | | |
Advances to subsidiaries, net | 59,998 | | | 65,319 | | | (125,317 | ) | | — | | | | | |
| | | |
Net cash provided (used) by investing activities | 59,912 | | | (8,302 | ) | | (144,772 | ) | | (93,162 | ) | | | | |
| | | |
Financing activities: | | | | | | | | | | | |
Proceeds from long-term debt facilities | 298,914 | | | 155,000 | | | — | | | 453,914 | | | | | |
| | | |
Principal payments on long-term debt | — | | | (217,000 | ) | | (34,100 | ) | | (251,100 | ) | | | | |
| | | |
Deferred financing fees paid | (2,884 | ) | | — | | | 6 | | | (2,878 | ) | | | | |
| | | |
Net proceeds from issuance of common shares | 123 | | | — | | | — | | | 123 | | | | | |
| | | |
Impact of stock option exercises, net | (33 | ) | | — | | | — | | | (33 | ) | | | | |
| | | |
Purchase of common shares for treasury | (8,222 | ) | | — | | | — | | | (8,222 | ) | | | | |
| | | |
Dividends paid to shareholders | (56,796 | ) | | — | | | — | | | (56,796 | ) | | | | |
| | | |
Net cash provided (used) by financing activities | 231,102 | | | (62,000 | ) | | (34,094 | ) | | 135,008 | | | | | |
| | | |
Effect of exchange rate changes on cash | — | | | (15 | ) | | (479 | ) | | (494 | ) | | | | |
| | | |
Net increase in cash and cash equivalents | 97,011 | | | 405 | | | 1,454 | | | 98,870 | | | | | |
| | | |
Cash and cash equivalents at beginning of the period | (1,234 | ) | | 786 | | | 3,784 | | | 3,336 | | | | | |
| | | |
Cash and cash equivalents at end of the period | $ | 95,777 | | | $ | 1,191 | | | $ | 5,238 | | | $ | 102,206 | | | | | |
| | | |
Condensed Consolidating Statement Of Cash Flows | Condensed Consolidating Statement of Cash Flows | | | | |
Three Months Ended March 31, 2015 | | | | |
| | | | | | | | | | | | | | | | | | | |
| EPR | | Wholly Owned | | Non-Guarantor | | Consolidated | | | | |
Properties | Subsidiary | Subsidiaries | | | | |
(Issuer) | Guarantors | | | | | |
Intercompany fee income (expense) | $ | 689 | | | $ | — | | | $ | (689 | ) | | $ | — | | | | | |
| | | |
Interest income (expense) on intercompany receivable/payable | 111 | | | — | | | (111 | ) | | — | | | | | |
| | | |
Net cash provided (used) by other operating activities | (194,803 | ) | | 70,267 | | | 181,599 | | | 57,063 | | | | | |
| | | |
Net cash provided (used) by operating activities of continuing operations | (194,003 | ) | | 70,267 | | | 180,799 | | | 57,063 | | | | | |
| | | |
Net cash provided by operating activities of discontinued operations | — | | | 455 | | | — | | | 455 | | | | | |
| | | |
Net cash provided (used) by operating activities | (194,003 | ) | | 70,722 | | | 180,799 | | | 57,518 | | | | | |
| | | |
Investing activities: | | | | | | | | | | | |
| | | |
Acquisition of rental properties and other assets | (86 | ) | | (49,252 | ) | | 131 | | | (49,207 | ) | | | | |
| | | |
Proceeds from sale of real estate | — | | | 42,709 | | | 1,081 | | | 43,790 | | | | | |
| | | |
Investment in mortgage notes receivable | — | | | (3,121 | ) | | (15,577 | ) | | (18,698 | ) | | | | |
| | | |
Proceeds from mortgage note receivable paydown | — | | | 148 | | | — | | | 148 | | | | | |
| | | |
Additions to property under development | — | | | (64,105 | ) | | (5,090 | ) | | (69,195 | ) | | | | |
| | | |
Advances to subsidiaries, net | 59,998 | | | 65,319 | | | (125,317 | ) | | — | | | | | |
| | | |
Net cash provided (used) by investing activities | 59,912 | | | (8,302 | ) | | (144,772 | ) | | (93,162 | ) | | | | |
| | | |
Financing activities: | | | | | | | | | | | |
Proceeds from long-term debt facilities | 298,914 | | | 155,000 | | | — | | | 453,914 | | | | | |
| | | |
Principal payments on long-term debt | — | | | (217,000 | ) | | (34,100 | ) | | (251,100 | ) | | | | |
| | | |
Deferred financing fees paid | (2,884 | ) | | — | | | 6 | | | (2,878 | ) | | | | |
| | | |
Net proceeds from issuance of common shares | 123 | | | — | | | — | | | 123 | | | | | |
| | | |
Impact of stock option exercises, net | (33 | ) | | — | | | — | | | (33 | ) | | | | |
| | | |
Purchase of common shares for treasury | (8,222 | ) | | — | | | — | | | (8,222 | ) | | | | |
| | | |
Dividends paid to shareholders | (56,796 | ) | | — | | | — | | | (56,796 | ) | | | | |
| | | |
Net cash provided (used) by financing activities | 231,102 | | | (62,000 | ) | | (34,094 | ) | | 135,008 | | | | | |
| | | |
Effect of exchange rate changes on cash | — | | | (15 | ) | | (479 | ) | | (494 | ) | | | | |
| | | |
Net increase in cash and cash equivalents | 97,011 | | | 405 | | | 1,454 | | | 98,870 | | | | | |
| | | |
Cash and cash equivalents at beginning of the period | (1,234 | ) | | 786 | | | 3,784 | | | 3,336 | | | | | |
| | | |
Cash and cash equivalents at end of the period | $ | 95,777 | | | $ | 1,191 | | | $ | 5,238 | | | $ | 102,206 | | | | | |
| | | |
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Condensed Consolidating Statement of Cash Flows | | | | |
Three Months Ended March 31, 2014 | | | | |
| | | | | | | | | | | | | | | | | | | |
| EPR | | Wholly Owned | | Non-Guarantor | | Consolidated | | | | |
Properties | Subsidiary | Subsidiaries | | | | |
(Issuer) | Guarantors | | | | | |
Intercompany fee income (expense) | $ | 780 | | | $ | — | | | $ | (780 | ) | | $ | — | | | | | |
| | | |
Interest income (expense) on intercompany receivable/payable | — | | | — | | | — | | | — | | | | | |
| | | |
Net cash provided (used) by other operating activities | (26,440 | ) | | 56,819 | | | 11,027 | | | 41,406 | | | | | |
| | | |
Net cash provided (used) by operating activities of continuing operations | (25,660 | ) | | 56,819 | | | 10,247 | | | 41,406 | | | | | |
| | | |
Net cash provided by operating activities of discontinued operations | — | | | 77 | | | 47 | | | 124 | | | | | |
| | | |
Net cash provided (used) by operating activities | (25,660 | ) | | 56,896 | | | 10,294 | | | 41,530 | | | | | |
| | | |
Investing activities: | | | | | | | | | | | |
| | | |
Acquisition of rental properties and other assets | (67 | ) | | (11,899 | ) | | (298 | ) | | (12,264 | ) | | | | |
Proceeds from sale of real estate | — | | | — | | | 915 | | | 915 | | | | | |
| | | |
Proceeds from settlement of derivative | — | | | — | | | 5,725 | | | 5,725 | | | | | |
| | | |
Investment in mortgage note receivable | — | | | (4,497 | ) | | 25 | | | (4,472 | ) | | | | |
| | | |
Proceeds from mortgage note receivable paydown | — | | | 76 | | | — | | | 76 | | | | | |
| | | |
Investment in promissory notes receivable | — | | | (721 | ) | | (1,486 | ) | | (2,207 | ) | | | | |
| | | |
Additions to property under development | (52 | ) | | (48,689 | ) | | (1,880 | ) | | (50,621 | ) | | | | |
Advances to subsidiaries, net | 74 | | | 9,288 | | | (9,362 | ) | | — | | | | | |
| | | |
Net cash used by investing activities | (45 | ) | | (56,442 | ) | | (6,361 | ) | | (62,848 | ) | | | | |
Financing activities: | | | | | | | | | | | |
Proceeds from long-term debt facilities | 10,000 | | | 37,000 | | | — | | | 47,000 | | | | | |
| | | |
Principal payments on long-term debt | — | | | (37,000 | ) | | (2,728 | ) | | (39,728 | ) | | | | |
| | | |
Deferred financing fees paid | (50 | ) | | (240 | ) | | (159 | ) | | (449 | ) | | | | |
Net proceeds from issuance of common shares | 79,579 | | | — | | | — | | | 79,579 | | | | | |
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Impact of stock option exercises, net | (21 | ) | | — | | | — | | | (21 | ) | | | | |
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Purchase of common shares for treasury | (2,892 | ) | | — | | | — | | | (2,892 | ) | | | | |
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Dividends paid to shareholders | (49,638 | ) | | — | | | — | | | (49,638 | ) | | | | |
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Net cash provided (used) by financing activities | 36,978 | | | (240 | ) | | (2,887 | ) | | 33,851 | | | | | |
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Effect of exchange rate changes on cash | — | | | 19 | | | (104 | ) | | (85 | ) | | | | |
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Net increase in cash and cash equivalents | 11,273 | | | 233 | | | 942 | | | 12,448 | | | | | |
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Cash and cash equivalents at beginning of the period | 449 | | | 1,826 | | | 5,683 | | | 7,958 | | | | | |
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Cash and cash equivalents at end of the period | $ | 11,722 | | | $ | 2,059 | | | $ | 6,625 | | | $ | 20,406 | | | | | |
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