Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document And Entity Information [Abstract] | ' |
Document Type | 'S-1 |
Amendment Flag | 'false |
Document Period End Date | 30-Sep-13 |
Trading Symbol | 'SEAS |
Entity Registrant Name | 'SEAWORLD ENTERTAINMENT, INC. |
Entity Central Index Key | '0001564902 |
Entity Filer Category | 'Non-accelerated Filer |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Current Assets: | ' | ' | ' |
Cash and cash equivalents | $210,516 | $45,675 | $66,663 |
Accounts receivable, net | 52,505 | 41,149 | 45,980 |
Inventories | 37,886 | 36,587 | 32,431 |
Prepaid expenses and other current assets | 14,170 | 17,817 | 12,252 |
Deferred tax assets, net | 1,315 | 17,405 | 9,529 |
Total current assets | 316,392 | 158,633 | 166,855 |
Property and equipment, at cost | 2,452,229 | 2,343,561 | ' |
Accumulated depreciation | -680,922 | -568,918 | -425,006 |
Property and equipment, net | 1,771,307 | 1,774,643 | 1,747,878 |
Goodwill | 335,610 | 335,610 | 335,610 |
Trade names, net | 163,783 | 164,608 | 165,709 |
Other intangible assets, net | 28,673 | 31,120 | 33,837 |
Deferred tax assets, net | ' | 6,356 | 52,566 |
Other assets | 42,371 | 50,082 | 44,640 |
Total Assets | 2,658,136 | 2,521,052 | 2,547,095 |
Current Liabilities: | ' | ' | ' |
Accounts payable | 105,871 | 89,946 | 104,915 |
Current maturities on long-term debt | 14,050 | 21,330 | 52,500 |
Accrued salaries, wages and benefits | 21,300 | 33,088 | 32,189 |
Deferred revenue | 99,527 | 82,567 | 82,233 |
Other accrued expenses | 31,048 | 19,350 | 8,399 |
Total current liabilities | 271,796 | 246,281 | 280,236 |
Long-term debt | 1,629,489 | 1,802,644 | 1,365,387 |
Deferred tax liabilities, net | 8,936 | ' | ' |
Other liabilities | 18,628 | 22,279 | 29,005 |
Total liabilities | 1,928,849 | 2,071,204 | 1,674,628 |
Commitments and contingencies | ' | ' | ' |
Stockholders' Equity: | ' | ' | ' |
Preferred stock, $0.01 par value-authorized, 100,000,000 shares, no shares issued or outstanding at September 30, 2013 and December 31, 2012 | ' | ' | ' |
Common stock, value | 896 | 827 | 824 |
Additional paid-in capital | 688,927 | 456,923 | 955,735 |
Accumulated other comprehensive gain (loss) | 199 | -1,254 | ' |
Retained earnings (accumulated deficit) | 39,265 | -6,648 | -84,092 |
Total stockholders' equity | 729,287 | 449,848 | 872,467 |
Total Liabilities and Stockholders' Equity | $2,658,136 | $2,521,052 | $2,547,095 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement Of Financial Position [Abstract] | ' | ' |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 89,626,525 | 82,737,008 |
Common stock, shares outstanding | 89,626,525 | 82,737,008 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Net revenues: | ' | ' | ' | ' | ' | ' | ' |
Admissions | $340,183 | $323,529 | $747,610 | $715,842 | $884,407 | $824,937 | $730,368 |
Food, merchandise and other | 198,206 | 198,726 | 440,681 | 444,737 | 539,345 | 505,837 | 465,735 |
Total revenues | 538,389 | 522,255 | 1,188,291 | 1,160,579 | 1,423,752 | 1,330,774 | 1,196,103 |
Costs and expenses: | ' | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and other revenues | 40,422 | 43,450 | 93,224 | 99,109 | 118,559 | 112,498 | 97,871 |
Operating expenses | 202,625 | 191,399 | 570,559 | 560,145 | 726,509 | 687,999 | 673,829 |
Selling, general and administrative | 47,426 | 58,807 | 149,581 | 150,571 | 184,920 | 172,368 | 159,506 |
Termination of advisory agreement | ' | ' | 50,072 | ' | ' | ' | ' |
Depreciation and amortization | 42,322 | 44,737 | 124,154 | 122,085 | 166,975 | 213,592 | 207,156 |
Total costs and expenses | 332,795 | 338,393 | 987,590 | 931,910 | 1,196,963 | 1,186,457 | 1,138,362 |
Operating income | 205,594 | 183,862 | 200,701 | 228,669 | 226,789 | 144,317 | 57,741 |
Other income (expense), net | 13 | 237 | 193 | 2,110 | 1,563 | -1,679 | 1,937 |
Interest expense | 21,018 | 29,545 | 72,550 | 86,263 | 111,426 | 110,097 | 134,383 |
Loss on early extinguishment of debt and write-off of discounts and deferred financing costs | ' | ' | 32,429 | ' | ' | ' | ' |
Income (loss) before income taxes | 184,589 | 154,554 | 95,915 | 144,516 | 116,926 | 32,541 | -74,705 |
Provision for (benefit from) income taxes | 64,390 | 62,297 | 31,930 | 58,273 | 39,482 | 13,428 | -29,241 |
Net income (loss) | 120,199 | 92,257 | 63,985 | 86,243 | 77,444 | 19,113 | -45,464 |
Other comprehensive income (loss): | ' | ' | ' | ' | ' | ' | ' |
Unrealized (loss) gain on derivatives, net of tax | -1,127 | -1,172 | 1,453 | -1,172 | -1,254 | ' | ' |
Comprehensive income (loss) | $119,072 | $91,085 | $65,438 | $85,071 | $76,190 | $19,113 | ($45,464) |
Earnings per share: | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) per share | $1.34 | $1.12 | $0.74 | $1.05 | $0.94 | $0.23 | ($0.56) |
Net income (loss) per share | $1.33 | $1.11 | $0.73 | $1.04 | $0.93 | $0.23 | ($0.56) |
Weighted average commons shares outstanding: | ' | ' | ' | ' | ' | ' | ' |
Basic, shares | 89,610 | 82,461 | 86,867 | 82,480 | 82,480 | 81,392 | 80,800 |
Diluted, shares | 90,206 | 83,374 | 87,531 | 83,301 | 83,552 | 82,024 | 80,800 |
Cash dividends declared per share: | ' | ' | ' | ' | ' | ' | ' |
Cash dividends declared per share | $0.20 | ' | $0.40 | $6.07 | ' | ' | ' |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | (Accumulated Deficit) Retained Earnings [Member] | Accumulated Other Comprehensive (Loss) Gain [Member] |
In Thousands, except Share data | |||||
Beginning Balance at Dec. 31, 2009 | $995,259 | $808 | $1,052,192 | ($57,741) | ' |
Beginning Balance, shares at Dec. 31, 2009 | ' | 80,800,000 | ' | ' | ' |
Net income (loss) | -45,464 | ' | ' | -45,464 | ' |
Ending Balance at Dec. 31, 2010 | 949,795 | 808 | 1,052,192 | -103,205 | ' |
Beginning Balance, shares at Dec. 31, 2010 | ' | 80,800,000 | ' | ' | ' |
Issuance of common stock | 12,836 | 10 | 12,826 | ' | ' |
Issuance of common stock, shares | ' | 1,041,920 | ' | ' | ' |
Equity-based compensation | 823 | 6 | 817 | ' | ' |
Equity-based compensation, shares | ' | 576,888 | ' | ' | ' |
Dividend declared to stockholders | -110,100 | ' | -110,100 | ' | ' |
Net income (loss) | 19,113 | ' | ' | 19,113 | ' |
Ending Balance at Dec. 31, 2011 | 872,467 | 824 | 955,735 | -84,092 | ' |
Ending Balance, shares at Dec. 31, 2011 | ' | 82,418,808 | ' | ' | ' |
Equity-based compensation | 1,191 | 3 | 1,188 | ' | ' |
Equity-based compensation, shares | ' | 318,200 | ' | ' | ' |
Unrealized gain (loss) on derivatives, net of tax | -1,254 | ' | ' | ' | -1,254 |
Dividend declared to stockholders | -500,000 | ' | -500,000 | ' | ' |
Net income (loss) | 77,444 | ' | ' | 77,444 | ' |
Ending Balance at Dec. 31, 2012 | 449,848 | 827 | 456,923 | -6,648 | -1,254 |
Ending Balance, shares at Dec. 31, 2012 | ' | 82,737,008 | ' | ' | ' |
Equity-based compensation | 4,704 | 1 | 4,703 | ' | ' |
Equity-based compensation, shares | ' | 74,561 | ' | ' | ' |
Unrealized gain (loss) on derivatives, net of tax | 1,453 | ' | ' | ' | 1,453 |
Issuance of common stock in initial public offering, net of underwriter commissions and offering costs | 245,441 | 100 | 245,341 | ' | ' |
Issuance of common stock in initial public offering, net of underwriter commissions and offering costs, shares | ' | 10,000,000 | ' | ' | ' |
Conversion of common stock into unvested restricted shares | ' | -32 | 32 | ' | ' |
Conversion of common stock into unvested restricted shares, shares | ' | -3,216,719 | ' | ' | ' |
Vesting of restricted shares | ' | 0 | 0 | ' | ' |
Vesting of restricted shares, shares | ' | 31,675 | ' | ' | ' |
Dividend declared to stockholders | -36,144 | ' | -18,072 | -18,072 | ' |
Net income (loss) | 63,985 | ' | ' | 63,985 | ' |
Ending Balance at Sep. 30, 2013 | $729,287 | $896 | $688,927 | $39,265 | $199 |
Ending Balance, shares at Sep. 30, 2013 | ' | 89,626,525 | ' | ' | ' |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Cash Flows From Operating Activities: | ' | ' | ' | ' | ' |
Net income (loss) | $63,985 | $86,243 | $77,444 | $19,113 | ($45,464) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' | ' | ' | ' |
Depreciation and amortization | 124,154 | 122,085 | 166,975 | 213,592 | 207,156 |
Depreciation and amortization | ' | ' | 166,975 | 213,592 | 220,695 |
Amortization of debt issuance costs and discounts | 10,619 | 14,757 | 14,757 | 18,446 | 20,814 |
Loss on disposal of property and equipment | 8,129 | 6,139 | 11,223 | 11,346 | 9,060 |
Loss on early extinguishment of debt and write-off of discounts and deferred financing costs | 32,429 | ' | ' | ' | ' |
Deferred income tax provision (benefit) | 31,930 | 58,273 | 38,979 | 12,197 | -29,241 |
Equity-based compensation | 4,704 | 887 | 1,191 | 823 | ' |
Changes in assets and liabilities: | ' | ' | ' | ' | ' |
Accounts receivable | -13,432 | -8,053 | 4,651 | 11,574 | 14,710 |
Inventories | -1,299 | -4,215 | -4,156 | -4,089 | 2,372 |
Prepaid expenses and other current assets | -67 | 3,491 | -1,327 | -3,711 | 1,038 |
Accounts payable | -4,029 | -8,238 | -6,247 | -6,223 | -26,684 |
Accrued salaries, wages and benefits | -11,788 | -8,014 | 899 | 6,514 | 14,778 |
Deferred revenue | 16,259 | 16,131 | -1,444 | -13,983 | 21,057 |
Other accrued expenses | 15,168 | 20,161 | -760 | 1,186 | -5,879 |
Other assets and liabilities | -445 | 3,001 | 1,328 | 1,464 | 5,025 |
Net cash provided by (used in) operating activities | 276,317 | 302,648 | 303,513 | 268,249 | 202,281 |
Cash Flows From Investing Activities: | ' | ' | ' | ' | ' |
Capital expenditures | -125,852 | -154,976 | -191,745 | -225,316 | -120,196 |
Acquisition of Knott's Soak City Water Park | ' | ' | -12,000 | ' | ' |
Change in restricted cash | 49 | ' | -573 | ' | ' |
Net cash provided by investing activities | -125,803 | -154,976 | -204,318 | -225,316 | -120,196 |
Cash Flows From Financing Activities: | ' | ' | ' | ' | ' |
Repayment of long-term debt | -185,742 | -52,451 | -57,680 | -586,248 | -20,500 |
Repayment of note payable | -3,000 | ' | ' | ' | ' |
Proceeds from the issuance of long-term debt | ' | ' | 487,163 | 550,291 | ' |
Redemption premium payment | -15,400 | ' | ' | ' | ' |
Net proceeds from issuance of common stock | ' | ' | ' | 12,836 | ' |
Proceeds from the issuance of debt | 1,455 | 487,163 | ' | ' | ' |
Proceeds from issuance of common stock, net of underwriter commissions | 253,800 | ' | ' | ' | ' |
(Repayment of) / Draw on revolving credit facility | ' | -36,000 | -36,000 | 36,000 | ' |
Dividend paid to Stockholders | -18,124 | -463,180 | -502,977 | -106,920 | ' |
Debt issuance costs | -13,968 | -7,024 | -7,024 | -5,926 | ' |
Deferred offering costs | -4,694 | ' | -3,665 | ' | ' |
Net cash provided by (used in) financing activities | 14,327 | -71,492 | -120,183 | -99,967 | -20,500 |
Change in Cash and Cash Equivalents | 164,841 | 76,180 | -20,988 | -57,034 | 61,585 |
Cash and Cash Equivalents-Beginning of period | 45,675 | 66,663 | 66,663 | 123,697 | 62,112 |
Cash and Cash Equivalents-End of period | 210,516 | 142,843 | 45,675 | 66,663 | 123,697 |
Supplemental Disclosures of Noncash Investing and Financing Activities | ' | ' | ' | ' | ' |
Dividends declared, but unpaid | 18,223 | 40,000 | 203 | 3,180 | ' |
Capital expenditures in Accounts Payable | 24,449 | 28,496 | 22,696 | 28,441 | 24,872 |
Issuance of Notes Payable related to business acquistion | ' | ' | $3,000 | ' | ' |
Description_of_Business
Description of Business | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Accounting Policies [Abstract] | ' | ' |
Description of Business | ' | ' |
1. DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION | 1. DESCRIPTION OF THE BUSINESS | |
Description of the Business | SeaWorld Entertainment, Inc. through its wholly-owned subsidiary SeaWorld Parks & Entertainment, Inc. (“SEA”) (collectively, the “Company”), owns and operates ten theme parks within the United States. The Company is owned by ten limited partnerships (the “Partnerships”), owned by affiliates of The Blackstone Group L.P. (“Blackstone”) and certain co-investors. Prior to December 1, 2009, the Company did not have any operations. On December 1, 2009, the Company acquired all of the outstanding equity interests of Busch Entertainment LLC and affiliates (the “Predecessor”) from Anheuser-Busch Companies, Inc. and Anheuser-Busch InBev SA/NV (“A-B/InBev”). See Note 4. The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place). | |
SeaWorld Entertainment, Inc., through its wholly-owned subsidiary, SeaWorld Parks & Entertainment, Inc. (“SEA”) (collectively, the “Company”), owns and operates eleven theme parks within the United States. The Company is majority owned by ten limited partnerships (the “Partnerships”), ultimately owned by affiliates of The Blackstone Group L.P. (“Blackstone”) and certain co-investors. On April 24, 2013, the Company completed an initial public offering in which it sold 10,000,000 shares of common stock and the selling stockholders of the Company sold 19,900,000 shares of common stock, including 3,900,000 shares pursuant to the exercise in full of the underwriters’ over-allotment option. The offering generated net proceeds of approximately $245,400 to the Company after deducting underwriting discounts and commissions, expenses and transaction costs. The Company did not receive any proceeds from shares sold by the selling stockholders. See further discussion in Note 12-Stockholders’ Equity. | During the years ended December 31, 2012, 2011 and 2010, approximately 55%, 56% and 56% of the Company’s revenues were generated in the State of Florida, respectively. | |
The Company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, and Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. The Company operates water park attractions in Orlando, Florida (Aquatica); San Diego, California (Aquatica), Tampa, Florida (Adventure Island), and Williamsburg, Virginia (Water Country USA). The Company also operates a reservations-only attraction offering interaction with marine animals (Discovery Cove) and a seasonal park in Langhorne, Pennsylvania (Sesame Place). | ||
Basis of Presentation | ||
The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes for the year ended December 31, 2012 included in this prospectus. The unaudited condensed consolidated balance sheet as of December 31, 2012 has been derived from the audited consolidated financial statements at that date. | ||
In the opinion of management, such unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations for the year ending December 31, 2013 or any future period due to the seasonal nature of the Company’s operations. Based upon historical results, the Company typically generates its highest revenues in the second and third quarters of each year and incurs a net loss in the first and fourth quarters, in part because six of its theme parks are only open for a portion of the year. | ||
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, including SEA. All intercompany accounts have been eliminated in consolidation. | ||
Use of Estimates | ||
The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions include, but are not limited to, the accounting for self-insurance, deferred tax assets, deferred revenue, equity compensation and the valuation of goodwill and other indefinite-lived intangible assets. Actual results could differ from those estimates. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Accounting Policies [Abstract] | ' | ||||
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | ||||
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||
Basis of Presentation and Principles of Consolidation—The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts have been eliminated in consolidation. | |||||
Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities, revenues and expenses, and disclosure of contingencies during the reporting period. Significant estimates are deferred revenue and the valuation of self-insurance, deferred tax assets, and goodwill and other indefinite-lived intangible assets. Actual results could differ from those estimates. | |||||
Cash and Cash Equivalents—Cash and cash equivalents include cash held at financial institutions as well as operating cash onsite at each theme park to fund daily operations and amounts due from third-party credit card companies. The amounts due from third-party credit card companies totaled $15,076 and $13,165 at December 31, 2012 and 2011, respectively. The cash balances in non-interest bearing accounts held at financial institutions are fully insured by the Federal Deposit Insurance Corporation (“FDIC”) through December 31, 2012. Interest bearing accounts are insured up to $250. At times, cash balances may exceed federally insured amounts and potentially subject the Company to a concentration of credit risk. Management believes that no significant concentration of credit risk exists with respect to these cash balances because of its assessment of the creditworthiness and financial viability of the respective financial institutions. | |||||
Accounts Receivable—Net—Accounts receivable are reported at net realizable value and consist primarily of amounts due from customers for the sale of admission products. The Company is not exposed to a significant concentration of credit risk. The Company does record an allowance for estimated uncollectible receivables, based on the amount and status of past-due accounts, contractual terms of the receivables, and the Company’s history of uncollectible accounts. For all periods presented, the allowance for uncollectible accounts and the related provision were insignificant. | |||||
Inventories—Inventories are stated at the lower of cost or market value with the cost being determined by the weighted average cost method. Inventories consist primarily of products for resale, including merchandise, culinary items, and miscellaneous supplies. Obsolete or excess inventories are recorded at their estimated realizable value. | |||||
Restricted Cash—Restricted cash is recorded in other current assets and consists of funds received from strategic partners for use in approved marketing and promotional activities. | |||||
Property and Equipment—Net—Property and equipment are recorded at cost; the cost of routine maintenance, repairs, spare parts and minor renewals is expensed as incurred. Internal development costs associated with rides and equipment are capitalized after feasibility studies have been completed and substantially all product development is complete. The cost of the assets is depreciated using the straight-line method based on the following estimated useful lives: | |||||
Land improvements | 10–40 years | ||||
Buildings | 5–40 years | ||||
Rides and equipment | 3–15 years | ||||
Animals | 1–40 years | ||||
Material costs to purchase animals exhibited in the theme parks are capitalized and amortized over their estimated remaining productive lives (1-40 years). In-house animal breeding costs are expensed as they are incurred since they are insignificant to the consolidated financial statements. All costs (including training) to maintain the animals after they are placed into service at the parks are expensed as incurred. Construction in process assets consist primarily of rides and other attractions that are under construction and have not yet been placed in service. These assets are stated at cost and are not depreciated. Once construction of assets is completed and the assets are placed into service, assets are reclassified to the appropriate asset class based on their nature and depreciated in accordance with the useful lives above. Interest is capitalized on major construction projects. Total interest capitalized for the years ended December 31, 2012 and 2011, was $5,791 and $5,600, respectively. | |||||
Computer System Development Costs—The Company capitalizes computer system development costs that meet established criteria and amortizes those costs to expense on a straight-line basis over five years. The capitalized costs related to the computer system development costs were $2,694 and $2,009 for the years ended December 31, 2012 and 2011, respectively, and are recorded in other assets in the accompanying consolidated balance sheets. Computer system development costs not meeting the proper criteria for capitalization, including systems reengineering costs, are expensed as incurred. | |||||
Impairment of Long-Lived Assets—All long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that would indicate that the carrying value of the assets may not be recoverable. An impairment loss may be recognized when estimated undiscounted future cash flows expected to result from the use of the asset, including disposition, are less than the carrying value of the asset. The measurement of the impairment loss to be recognized is based upon the difference between the fair value and the carrying amounts of the assets. Fair value is generally determined based upon a discounted cash flow analysis. In order to determine if an asset has been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (generally a theme park). No impairment losses were recognized during the years ended December 31, 2012, 2011, and 2010. | |||||
Goodwill and Indefinite-Lived Intangible Assets—Goodwill and indefinite-lived intangible assets are not amortized, but instead reviewed for impairment at least annually on December 1, with ongoing recoverability based on applicable reporting unit performance and consideration of significant events or changes in the overall business environment. | |||||
In assessing goodwill for impairment, the Company will initially evaluate qualitative factors to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company considers several factors, including macroeconomic conditions, industry and market conditions, overall financial performance of the reporting unit, changes in management, strategy or customers, and relevant reporting unit specific events such as a change in the carrying amount of net assets, a more-likely-than-not expectation of selling or disposing all, or a portion, of a reporting unit, and the testing for recoverability of a significant asset group within a reporting unit. If this qualitative assessment results in a conclusion that it is more likely than not that the fair value of a reporting unit exceeds the carrying value, then no further testing is performed for that reporting unit. If the qualitative assessment is not conclusive and it is necessary to calculate the fair value of a reporting unit, then the impairment analysis for goodwill is performed at the reporting unit level using a two-step approach. The first step is a comparison of the fair value of the reporting unit, determined using future cash flow analysis, to its recorded amount. If the recorded amount exceeds the fair value, the second step quantifies any impairment write-down by comparing the current implied value of goodwill to the recorded goodwill balance. The Company’s indefinite-lived intangible assets consist of certain trade names which, after considering legal, regulatory, contractual, and other competitive and economic factors, are determined to have indefinite lives and are valued annually using the relief from royalty method. The Company performed its annual impairment test of goodwill and indefinite lived assets on December 1, 2012 and 2011, and found no impairments. | |||||
Other Intangible Assets—The Company’s other intangible assets consist primarily of certain trade names, relationships with ticket resellers, and a favorable lease asset. These intangible assets are amortized on the straight-line basis over their estimated remaining lives. | |||||
Self-Insurance Reserves—Reserves are recorded for the estimated amounts of guest and employee claims and expenses incurred each period that are not covered by insurance. Reserves are established for both identified claims and incurred but not reported (“IBNR”) claims. Such amounts are accrued for when claim amounts become probable and estimable. Reserves for identified claims are based upon the Company’s historical claims experience and third-party estimates of settlement costs. Reserves for IBNR claims are based upon the Company’s claims data history, as well as industry averages. The Company maintains self-insurance reserves for healthcare, auto, general liability and workers compensation claims. Total claims reserves were $23,509 and $23,189 at December 31, 2012 and 2011, respectively, and are recorded in other accrued expenses and other liabilities. All reserves are periodically reviewed for changes in facts and circumstances and adjustments are made as necessary. | |||||
Debt Financing Costs—Direct costs incurred in issuance of long-term debt are being amortized to interest expense using the effective interest method over the term of the related debt. | |||||
Revenue Recognition—The Company recognizes revenue upon admission into a park or when products are delivered to customers. For season passes and other multi-use admissions, deferred revenue is recorded and the related revenue is recognized over the terms of the admission product and its related use. Deferred revenue includes a current and long-term portion. At December 31, 2012 and 2011, long-term deferred revenue of $6,315 and $8,109, respectively, is included in other liabilities in the accompanying consolidated balance sheets. The Company has entered into agreements with certain external theme park, zoo, and other attraction operators to jointly market and sell admission products. These joint products allow admission to both a Company park and an external park, zoo or other attraction. The agreements with the external parks, specify the allocation of revenue to the Company from any jointly sold products. The Company’s portion of revenue is deferred and recognized upon admission. The Company barters theme park admission products and sponsorship opportunities for advertising, employee recognition awards, and various other services. The fair value of the admission products is recognized into revenue and related expense at the time of the exchange and approximates the fair value of the goods or services received. For the years ended December 31, 2012, 2011, and 2010, $19,628, $19,734, and $17,149, respectively, were included within admissions revenue and selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss) related to bartered ticket transactions. | |||||
Advertising and Promotional Costs—Advertising production costs are deferred and expensed the first time the advertisement is shown. Advertising and media costs are expensed as incurred and for the years ended December 31, 2012, 2011, and 2010, totaled approximately $116,712, $113,300, and $122,600, respectively, and are included in selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). | |||||
Equity-Based Compensation—The Company measures the cost of employee services rendered in exchange for share-based compensation based upon the grant date fair market value. The cost is recognized over the requisite service period, which is generally the vesting period. | |||||
Income Taxes—Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is established for deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Realization is dependent on generating future taxable income or the reversal of deferred tax liabilities during the periods in which those temporary differences become deductible. The Company evaluates its tax positions by determining if it is more likely than not a tax position is sustainable upon examination, based upon the technical merits of the position, before any of the benefit is recorded for financial statement purposes. The benefit is measured as the largest dollar amount of position that is more likely than not to be sustained upon settlement. Previously recorded benefits that no longer meet the more-likely than not threshold are charged to earnings in the period that the determination is made. Interest and penalties accrued related to uncertain positions are charged to the provision/benefit for income taxes. | |||||
Fair Value Measurements—Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. | |||||
An entity is permitted to measure certain financial assets and financial liabilities at fair value with changes in fair value recognized in earnings each period. The Company has not elected to use the fair value option for any of its financial assets and financial liabilities that are not already recorded at fair value. Carrying values of financial instruments classified as current assets and current liabilities approximate fair value, due to their short-term nature. | |||||
A description of the Company’s policies regarding fair value measurement is summarized below. | |||||
Fair Value Hierarchy—Fair value is determined for assets and liabilities, which are grouped according to a hierarchy, based upon significant levels of observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. This hierarchy requires the use of observable market data when available. These two types of inputs have created the following fair value hierarchy: | |||||
Level 1—Quoted prices for identical instruments in active markets. | |||||
Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | |||||
Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | |||||
Determination of Fair Value—The Company generally uses quoted market prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access to determine fair value, and classifies such items in Level 1. Fair values determined by Level 2 inputs utilize inputs other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted market prices in active markets for similar assets or liabilities, and inputs other than quoted market prices that are observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest and currency rates, and the like. Assets or liabilities valued using such internally generated valuation techniques are classified according to the lowest level input or value driver that is significant to the valuation. Thus, an item may be classified in Level 3 even though there may be some significant inputs that are readily observable. | |||||
Segment Reporting—The Company maintains discrete financial information for each of its eleven theme parks, which is used by the Chief Operating Decision Maker (“CODM”), identified as the Chief Executive Officer, as a basis for allocating resources. Each theme park has been identified as an operating segment and meets the criteria for aggregation due to similar economic characteristics. In addition, all of the theme parks provide similar products and services and share similar processes for delivering services. The theme parks have a high degree of similarity in the workforces and target the same consumer group. Accordingly, based on these economic and operational similarities and the way the CODM monitors the operations, the Company has concluded that its operating segments may be aggregated and that it has one reportable segment. | |||||
Derivative Instruments and Hedging Activities—During fiscal year 2012, the Company entered into certain derivative transactions, as detailed in Note 14, and elected the related derivative instruments and hedging activities accounting policy described herein. Accounting Standards Codification Topic (“ASC”) 815, Derivatives and Hedging, provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, results of operations and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of, and gains and losses on, derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. | |||||
As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. |
Recently_Issued_Accounting_Pro
Recently Issued Accounting Pronouncements | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Accounting Policies [Abstract] | ' | ' |
Recently Issued Accounting Pronouncements | ' | ' |
2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | 3. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS | |
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which amends Accounting Standards Codification (“ASC”) 220, Comprehensive Income. The amended guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Additionally, entities are required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amended guidance does not change the current requirements for reporting net income or other comprehensive income. The amendments are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU No. 2013-02 did not have a significant impact on the Company’s condensed consolidated financial statements. | In May 2011, the Financial Accounting Standards Board (“FASB”) issued guidance clarifying how to measure and disclose fair value. This guidance amends the application of the “highest and best use” concept to be used only in the measurement of fair value of nonfinancial assets, clarifies that the measurement of the fair value of equity-classified financial instruments should be performed from the perspective of a market participant who holds the instrument as an asset, clarifies that an entity that manages a group of financial assets and liabilities on the basis of its net risk exposure can measure those financial instruments on the basis of its net exposure to those risks, and clarifies when premiums and discounts should be taken into account when measuring fair value. The fair value disclosure requirements were also amended. This new guidance was effective for fiscal years and interim periods beginning after December 15, 2011. The adoption of this guidance did not have a material impact on the consolidated financial statements. | |
In June 2011, the FASB issued guidance that revises the manner in which entities present comprehensive income in their financial statements. The guidance requires entities to report the components of comprehensive income in either a single, continuous statement or two separate but consecutive statements. In December 2011, the FASB issued guidance which defers certain requirements set forth in June 2011. These amendments were made to allow the FASB time to redeliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income in all periods presented. Both sets of guidance were effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 and were required to be applied retrospectively. The Company adopted this guidance on January 1, 2012 and accordingly applied the new guidance retrospectively. | ||
In September 2011, the FASB issued guidance related to testing goodwill for impairment. Under the amended guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment before calculating the fair value of the reporting units. If the entities determine, based on the qualitative assessment, that it is more likely than not an impairment has not occurred, no further quantitative testing is necessary. The guidance was effective for fiscal years beginning after December 15, 2011, with early adoption permitted. The Company early adopted the guidance and performed a qualitative assessment as its initial step for the 2011 annual review of goodwill impairment. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements. | ||
In July 2012, the FASB issued new accounting guidance relating to impairment testing for indefinite-lived intangible assets. In accordance with this guidance, an entity has the option first to assess qualitative factors to determine whether events and circumstances indicate that it is more likely than not that an indefinite-lived intangible asset is impaired. If after such assessment an entity concludes that the indefinite-lived intangible asset is not impaired, then the entity is not required to take further action. However, if an entity concludes otherwise, then it is required to determine the fair value of the indefinite-lived intangible asset and perform the quantitative impairment test as required by existing standards. This guidance is effective for annual and interim impairment tests for fiscal years beginning after September 15, 2012 and early adoption is permitted. The Company is in the process of evaluating this guidance, which is not expected to have a material impact on its consolidated financial statements. |
Acquisitions
Acquisitions | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Business Combinations [Abstract] | ' | ||||
Acquisitions | ' | ||||
4. ACQUISITIONS | |||||
On December 1, 2009, investment funds affiliated with Blackstone and certain co-investors, through SeaWorld Entertainment, Inc. and its wholly-owned subsidiary, SEA, acquired all of the outstanding equity interests of SeaWorld LLC and SeaWorld Parks & Entertainment LLC from Anheuser-Busch Companies, Inc. for approximately $2,300,000. The acquisition (and its related expenses) was financed by a capital contribution from the Partnerships of $1,010,000, and the issuance of $1,460,000 in long-term debt, net of $34,000 original issue discount (see Note 11). | |||||
In connection with the acquisition, Anheuser-Busch received from the Partnerships the right to receive, subject to certain conditions, distributions of up to $400,000 under the terms of the Partnership agreements. Such right has been included in the purchase price and included in additional paid-in capital at their aggregate fair value of $38,000 using a valuation technique referred to as a Monte Carlo simulation. The Monte Carlo simulation is based upon significant inputs that are not observable in the market. Key assumptions include the probability of a liquidation event, projected income before income taxes, amortization, depreciation, interest, and a discount rate of 16%. The estimated fair value of these instruments was measured on a nonrecurring basis as they were valued on the date of acquisition using significant unobservable (Level 3) inputs under the guidance for fair value measurements. | |||||
Goodwill recognized in the acquisition, which is deductible for tax purposes, is attributed primarily to historical operating performance of the parks. Goodwill of $269,332 and $66,278 respectively, was allocated to the SeaWorld Orlando and Discovery Cove theme parks and is tested annually for impairment on December 1. There have been no additions or impairments of goodwill for the years ended December 31, 2012, 2011 or 2010. | |||||
In November 2012, the Company acquired Knott’s Soak City, a standalone Southern California water park, from an affiliate of Cedar Fair L.P, for a total price of $15,000. The Company paid $12,000 at closing and has a note payable for the remaining $3,000 due on or before September 1, 2013. Since the acquisition, there were no material revenues or expenses associated with the park included within the consolidated financial statements because the park was closed for the season. The Company plans to rebrand the water park as Aquatica San Diego before it re-opens in 2013. | |||||
The Company allocated the cost of the acquisition to the assets acquired based upon their respective fair values. These fair values are based on management’s estimates and assumptions, including variations of the income approach, the market approach and the cost approach, resulting in a purchase price allocation as follows: | |||||
Land | $ | 12,100 | |||
Other property & equipment | 2,400 | ||||
Non-compete agreement | 500 | ||||
Total assets acquired | $ | 15,000 | |||
EARNINGS_PER_SHARE
EARNINGS PER SHARE | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EARNINGS PER SHARE | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. EARNINGS PER SHARE | 5. EARNINGS PER SHARE | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings per share is computed as follows (in thousands, except per share data): | Earnings per share is computed as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Shares | Per | Net | Shares | Per | Net | Shares | Per | Net | Shares | Per | Net | Shares | Per Share | Net | Shares | Per Share | Net | Shares | Per Share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income | Share | Income | Share | Income | Share | Income | Share | Income | Amount | Income | Amount | Income | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Amount | Amount | Amount | Basic earnings per share | $ | 77,444 | 82,480 | $ | 0.94 | $ | 19,113 | 81,392 | $ | 0.23 | $ | (45,464) | 80,800 | $ | (0.56 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per share | $ | 120,199 | 89,610 | $ | 1.34 | $ | 92,257 | 82,461 | $ | 1.12 | $ | 63,985 | 86,867 | $ | 0.74 | $ | 86,243 | 82,480 | $ | 1.05 | Effect of dilutive incentive-based time vested unit awards | 1,072 | 632 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect of dilutive incentive-based awards | 596 | 913 | 664 | 821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted earnings per share | $ | 77,444 | 83,552 | $ | 0.93 | $ | 19,113 | 82,024 | $ | 0.23 | $ | (45,464) | 80,800 | $ | (0.56 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted earnings per share | $ | 120,199 | 90,206 | $ | 1.33 | $ | 92,257 | 83,374 | $ | 1.11 | $ | 63,985 | 87,531 | $ | 0.73 | $ | 86,243 | 83,301 | $ | 1.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of incentive units using the treasury stock method. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of unvested restricted stock probable of vesting using the treasury stock method. During the three and nine months ended September 30, 2013 and 2012, there were no anti-dilutive shares of common stock excluded from the computation of diluted earnings per share. |
Inventories
Inventories | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories | ' | ||||||||
6. INVENTORIES | |||||||||
Inventories as of December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Merchandise | $ | 31,435 | $ | 27,937 | |||||
Food and beverage | 5,152 | 4,461 | |||||||
Supplies | — | 33 | |||||||
Total | $ | 36,587 | $ | 32,431 | |||||
Prepaid_Expenses_and_Other_Cur
Prepaid Expenses and Other Current Assets | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
Prepaid Expenses and Other Current Assets | ' | ||||||||
7. PREPAID EXPENSES AND OTHER CURRENT ASSETS | |||||||||
Prepaid expenses and other current assets at December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Prepaid insurance | $ | 8,157 | $ | 7,152 | |||||
Prepaid marketing and advertising costs | 2,500 | 3,365 | |||||||
Deferred offering costs | 3,665 | — | |||||||
Other | 3,495 | 1,735 | |||||||
Total | $ | 17,817 | $ | 12,252 | |||||
Property_and_EquipmentNet
Property and Equipment-Net | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Property and Equipment-Net | ' | ||||||||
8. PROPERTY AND EQUIPMENT—NET | |||||||||
The components of property and equipment—net as of December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Land | $ | 286,200 | $ | 274,100 | |||||
Land improvements | 238,860 | 201,319 | |||||||
Buildings | 468,647 | 418,318 | |||||||
Rides and equipment | 1,100,423 | 977,233 | |||||||
Animals | 161,194 | 161,144 | |||||||
Construction in process | 88,237 | 140,770 | |||||||
Less accumulated depreciation | (568,918 | ) | (425,006 | ) | |||||
Total | $ | 1,774,643 | $ | 1,747,878 | |||||
Depreciation expense was approximately $161,700, $209,300, and $202,800 for the years ended December 31, 2012, 2011, and 2010, respectively. |
Trade_Names_and_Other_Intangib
Trade Names and Other Intangible Assets-Net | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||
Trade Names and Other Intangible Assets-Net | ' | ||||||||||||||
9. TRADE NAMES AND OTHER INTANGIBLE ASSETS—NET | |||||||||||||||
Trade names-net are comprised of the following at December 31, 2012: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Trade names—indefinite lives | $ | 157,000 | $ | — | $ | 157,000 | |||||||||
Trade names—definite lives | 10 years | 11,000 | 3,392 | 7,608 | |||||||||||
Total | $ | 168,000 | $ | 3,392 | $ | 164,608 | |||||||||
Trade names-net are comprised of the following at December 31, 2011: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Trade names—indefinite lives | $ | 157,000 | $ | — | $ | 157,000 | |||||||||
Trade names—definite lives | 10 years | 11,000 | 2,291 | 8,709 | |||||||||||
Total | $ | 168,000 | $ | 2,291 | $ | 165,709 | |||||||||
Other intangible assets-net at December 31, 2012, consisted of the following: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Favorable lease asset | 39 years | $ | 18,200 | $ | 1,397 | $ | 16,803 | ||||||||
Reseller agreements | 8.11 years | 22,300 | 8,483 | 13,817 | |||||||||||
Non-compete agreement | 5 years | 500 | — | 500 | |||||||||||
Total | $ | 41,000 | $ | 9,880 | $ | 31,120 | |||||||||
Other intangible assets-net at December 31, 2011, consisted of the following: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Favorable lease asset | 39 years | $ | 18,200 | $ | 934 | $ | 17,266 | ||||||||
Reseller agreements | 8.11 years | 22,300 | 5,729 | 16,571 | |||||||||||
Total | $ | 40,500 | $ | 6,663 | $ | 33,837 | |||||||||
Total amortization was approximately $4,300 for the years ended December 31, 2012, 2011, and 2010. The total weighted average amortization period of all finite-lived intangibles is 19.3 years. Total expected amortization of the finite-lived intangible assets for the succeeding five years and thereafter is as follows: | |||||||||||||||
Years Ending | |||||||||||||||
December 31 | |||||||||||||||
2013 | $ | 4,418 | |||||||||||||
2014 | 4,418 | ||||||||||||||
2015 | 4,418 | ||||||||||||||
2016 | 4,418 | ||||||||||||||
2017 | 4,213 | ||||||||||||||
Thereafter | 16,843 | ||||||||||||||
$ | 38,728 | ||||||||||||||
Other_Accrued_Expenses
Other Accrued Expenses | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Payables And Accruals [Abstract] | ' | ' | ||||||||||||||||
Other Accrued Expenses | ' | ' | ||||||||||||||||
5. OTHER ACCRUED EXPENSES | 10. OTHER ACCRUED EXPENSES | |||||||||||||||||
Other accrued expenses at September 30, 2013 and December 31, 2012, consisted of the following: | Other accrued expenses at December 31, 2012 and 2011, consisted of the following: | |||||||||||||||||
September 30, | December 31, | 2012 | 2011 | |||||||||||||||
2013 | 2012 | Accrued property taxes | $ | 1,974 | $ | 1,644 | ||||||||||||
Accrued property taxes | $ | 11,108 | $ | 1,974 | Accrued interest | 3,877 | 4,908 | |||||||||||
Accrued interest | 9,791 | 3,877 | Note payable (Note 4) | 3,000 | — | |||||||||||||
Note payable | — | 3,000 | Self-Insurance reserve | 7,800 | — | |||||||||||||
Self-insurance reserve | 7,800 | 7,800 | Other | 2,699 | 1,847 | |||||||||||||
Other | 2,349 | 2,699 | ||||||||||||||||
Total | $ | 19,350 | $ | 8,399 | ||||||||||||||
Total other accrued expenses | $ | 31,048 | $ | 19,350 | ||||||||||||||
In the three months ended September 30, 2013, the Company paid $3,000 related to a note payable due on September 1, 2013, for the Company’s November 2012 acquisition of Knott’s Soak City, a standalone Southern California water park, from an affiliate of Cedar Fair L.P. |
LONGTERM_DEBT
LONG-TERM DEBT | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ' | ||||||||||||||||
LONG-TERM DEBT | ' | ' | ||||||||||||||||
6. LONG-TERM DEBT | 11. LONG-TERM DEBT | |||||||||||||||||
Long-term debt as of September 30, 2013 and December 31, 2012 consisted of the following: | Long-term debt at December 31, 2012 and 2011, consisted of the following: | |||||||||||||||||
September 30, | December 31, | 2012 | 2011 | |||||||||||||||
2013 | 2012 | Term Loan A | $ | 152,000 | $ | 159,500 | ||||||||||||
Term A Loan | $ | — | $ | 152,000 | Term Loan B | 1,293,774 | 844,043 | |||||||||||
Term B Loan | — | 1,293,774 | Revolving credit agreement | — | 36,000 | |||||||||||||
Term B-2 Loans | 1,401,487 | — | Senior Notes | 400,000 | 400,000 | |||||||||||||
Revolving credit agreement | — | — | ||||||||||||||||
Senior Notes | 260,000 | 400,000 | 1,845,774 | 1,439,543 | ||||||||||||||
Less discounts | (21,800 | ) | (21,656 | ) | ||||||||||||||
Total long-term debt | 1,661,487 | 1,845,774 | Less current maturities | (21,330 | ) | (52,500 | ) | |||||||||||
Less discounts | (17,948 | ) | (21,800 | ) | ||||||||||||||
Less current maturities | (14,050 | ) | (21,330 | ) | Total long-term debt, net of current maturities | $ | 1,802,644 | $ | 1,365,387 | |||||||||
Total long-term debt, net of current maturities | $ | 1,629,489 | $ | 1,802,644 | ||||||||||||||
In connection with the acquisition described in Note 4, on December 1, 2009, SEA both entered into senior secured credit facilities (“Senior Secured Credit Facilities”) and issued senior notes (the “Senior Notes”): | ||||||||||||||||||
In conjunction with the Company’s initial public offering completed on April 24, 2013, the Company used $37,000 of the net proceeds received from the offering to repay a portion of the outstanding indebtedness under the then existing Term B Loan and $140,000 to redeem a portion of its Senior Notes at a redemption price of 111.0%, plus accrued and unpaid interest thereon pursuant to a provision in the indenture governing the Senior Notes that permitted the Company to redeem up to 35% of the aggregate principal amount of the Senior Notes with the net cash proceeds of certain equity offerings and pay estimated premiums and accrued interest thereon. The redemption premium of $15,400 along with a write-off of approximately $5,500 in related discounts and deferred financing costs is included in loss on early extinguishment of debt and write-off of discounts and deferred financing costs on the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) for the nine months ended September 30, 2013. See further discussion in Note 12-Stockholders’ Equity. | Senior Secured Credit Facilities | |||||||||||||||||
Effective on February 17 and April 15, 2011, and March 30, 2012 SEA entered into Amendments No. 1 and 2 and 3, respectively, of the Senior Secured Credit Facilities (collectively, the “Amendments”). As a result of Amendment No. 1, the original term loan was refinanced into two tranches of term loans, Term A Loans (original balance of $150,000), and Term B Loans (original balance of $900,000). As a result of Amendment No. 2, $17,000 of Term Loan B was refinanced to Term Loan A. In addition, the revolving credit commitment availability under the Senior Secured Credit Facilities increased to $172,500. As a result of Amendment No. 3, the Term B Loan was increased by $500,000 for the purposes of financing a dividend payment to stockholders in the same amount. In addition the Senior Secured Credit Facilities agreement was further amended to limit future restricted payments, as defined, in the credit agreement, to be payable only when certain leverage ratio targets have been met and in an amount not to exceed the “cumulative credit” (as defined) amount available. The amended credit agreement was not deemed to be substantially different, as defined in the authoritative accounting guidance, from the original agreement. At December 31, 2012 and 2011, following the Amendments, the Senior Secured Credit Facilities consisted of: | ||||||||||||||||||
Senior Secured Credit Facilities | ||||||||||||||||||
On March 30, 2012, April 5, 2013 and May 14, 2013, SEA entered into Amendments No. 3, 4 and 5, respectively, of the senior secured credit facilities (the “Senior Secured Credit Facilities”). | Ÿ | Tranche A Term Loans, balance of $152,000 and 159,500, respectively, which will mature on February 17, 2016; | ||||||||||||||||
Amendment No. 3 increased the amount of Term B Loans (“Additional Term B Loans”) by $500,000 for the purposes of financing a dividend payment to the stockholders in the same amount during the three months ended March 31, 2012. The Additional Term B Loans were issued at a discount which was being amortized to interest expense using the weighted average interest method. | ||||||||||||||||||
Amendment No. 4 amended the terms of the existing Senior Secured Credit Facilities to, among other things, permit SEA to pay certain distributions following an initial public offering and replace the then existing $172,500 senior secured revolving credit facility with a new $192,500 senior secured revolving credit facility. The new senior secured revolving credit facility will mature on the earlier of (a) April 24, 2018 or (b) the 91st day prior to the earlier of (1) the maturity date with respect to Term A Loans with an aggregate principal amount greater than $50,000 outstanding, (2) the maturity date with respect to the Term B Loans with an aggregate principal amount greater than $150,000 outstanding, (3) the maturity date of Senior Notes with an aggregate principal amount greater than $50,000 outstanding and (4) the maturity date of any indebtedness incurred to refinance any of the Term A or Term B Loans or the Senior Notes. | Ÿ | Tranche B Term Loans, balance of $1,293,744 and $844,043, respectively, which will mature on the earlier of (i) August 17, 2017 or (ii) the 91st day prior to the maturity of the Senior Notes, if more than $50 million of debt with respect to the Senior Notes is outstanding as of such date; and | ||||||||||||||||
Amendment No. 5 amended the terms of the existing Senior Secured Credit Facilities to, among other things, refinance Term A Loan and Term B Loan into new Term B-2 Loans, extend the final maturity date of the term loan facilities, reduce future principal and interest payments, and provide for additional future borrowings. | ||||||||||||||||||
The Term B-2 Loans were borrowed in an aggregate principal amount of $1,405,000. Borrowings under the Term B-2 Loans bear interest, at SEA’s option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) the Bank of America’s prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the British Bankers Association (“BBA”) LIBOR rate for the interest period relevant to such borrowing. The margin for the Term B-2 Loans is 1.25%, in the case of base rate loans, and 2.25%, in the case of LIBOR rate loans, subject to a base rate floor of 1.75% and a LIBOR floor of 0.75%. The applicable margin for the Term B-2 Loans (under either a base rate or LIBOR rate) is subject to one 25 basis point step-down upon achievement by SEA of a certain leverage ratio. At September 30, 2013, the Company selected the LIBOR rate (interest rate of 3.00% at September 30, 2013). | Ÿ | Revolving Credit Facility, balance of $0 and $36,000, respectively, which will mature on February 17, 2016. | ||||||||||||||||
Term B-2 Loans amortize in equal quarterly installments in an aggregate annual amount equal to 1.0% of the original principal amount of the Term B-2 Loans on the Amendment No. 5 effective date, with the first payment due and paid on September 30, 2013 and the balance due on the final maturity date. The Term B-2 Loans have a final maturity date of May 14, 2020. Amendment No. 5 also permits SEA to add one or more incremental term loan facilities to the Senior Secured Credit Facilities and/or increase commitments under the Revolving Credit Facility in an aggregate principal amount of up to $350,000. SEA may also incur additional incremental term loans provided that, among other things, on a pro forma basis after giving effect to the incurrence of such incremental term loans, the first lien secured net leverage ratio, as defined in the Senior Secured Credit Facility, is no greater than 3.50 to 1.00. | Borrowings related to the Tranche A Term Loans and the revolving credit facility bear interest, at SEA’s option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) Bank of America’s prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the British Bankers Association (“BBA”) LIBOR rate for the interest period relevant to such borrowing. The margin for the Tranche A Term Loans is 1.75%, in the case of base rate loans, and 2.75%, in the case of LIBOR rate loans, subject to a step-down of 0.25% upon achievement of a secured leverage ratio less than or equal to 2.25 to 1.00. SEA selected the LIBOR rate at December 31, 2012 and 2011, related to the Term A Term Loans and the revolving credit loans (interest rate of 2.92% for both loans at December 31, 2012, respectively). | |||||||||||||||||
As a result of Amendment No. 5, approximately $11,500 of debt issuance costs were written off and included as loss on early extinguishment of debt and write-off of discounts and deferred financing costs on the Company’s unaudited condensed consolidated statements of operations and comprehensive income (loss) for the nine months ended September 30, 2013. As a result of Amendments No. 4 and 5, the Company capitalized fees totaling approximately $14,000. Deferred financing costs, net of accumulated amortization, were $34,275 and $44,103 as of September 30, 2013 and December 31, 2012, respectively, are being amortized to interest expense using the weighted average interest method and are included in other assets in the accompanying unaudited condensed consolidated balance sheets. | Borrowings under the Tranche B Term Loans bear interest, at SEA’s option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) the Bank of America’s prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the BBA LIBOR rate for the interest period relevant to such borrowing. The margin for the Tranche B Term Loans is 2.00%, in the case of base rate loans, and 3.00%, in the case of LIBOR rate loans, subject to a base rate floor of 2.00% and a LIBOR floor of 1.00%. SEA selected the LIBOR rate at December 31, 2012, related to the Term B Term Loans (interest rate of 4% at December 31, 2012). | |||||||||||||||||
SEA had no amounts outstanding at September 30, 2013 and December 31, 2012, relating to the Revolving Credit Facility. As of September 30, 2013, the Company had approximately $18,500 of outstanding letters of credit, leaving approximately $174,000 available for borrowing. | SEA is required to repay installments on the term loans in quarterly installments equal to $1,875 with respect to Tranche A Term Loans and $3,457 with respect to Tranche B Term Loans, with the remaining amount payable on the applicable maturity date with respect to such term loans. | |||||||||||||||||
On August 9, 2013, SEA entered into Amendment No. 6 of the Senior Secured Credit Facilities. Amendment No. 6 amends the calculation of the Company’s covenant Adjusted EBITDA to allow the add back of the termination fee paid in connection with the termination of the 2009 Advisory Agreement between the Company and affiliates of Blackstone. See Note 9-Related-Party Transactions for further discussion. | ||||||||||||||||||
Senior Notes | In addition, the Senior Secured Credit Facilities, as amended, requires the Company to prepay outstanding term loans, subject to certain exceptions, in an amount equal to: | |||||||||||||||||
In conjunction with the execution of Amendment No. 3 to the Senior Secured Credit Facilities, SEA also entered into the Second Supplemental Indenture (the “Second Supplemental Indenture”) dated March 30, 2012 relating to the Senior Notes. Among other matters, the Second Supplemental Indenture granted waivers to allow SEA to issue the additional $500,000 of Term B Loans to fund the dividend payment discussed above and decreased the interest rate on the Senior Notes from 13.5% per annum to 11% per annum. SEA can redeem the Senior Notes at any time and the Senior Notes are unsecured. Interest is paid semi-annually in arrears. Prior to December 1, 2014, the Company may redeem some or all of the Senior Notes at a price equal to 100% of the principal amount of the Senior Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date, subject to the right of the holders of record on the relevant record date to receive interest due on the relevant interest payment date. The “Applicable Premium” is defined as the greater of (1) 1.0% of the principal amount of the Senior Notes and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of the Senior Notes at December 1, 2014 plus (ii) all required interest payments due on the Senior Notes through December 1, 2014 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate plus 50 basis points over (b) the principal amount of the Senior Notes. On or after December 1, 2014, the Senior Notes may be redeemed at 105.5% and 102.75% of the principal balance beginning on December 1, 2014 and 2015, respectively. The Second Supplemental Indenture also increased the minimum covenant leverage ratio from 2.75 to 1.00 to 3.00 to 1.00. | ||||||||||||||||||
In conjunction with the execution of Amendment No. 4 to the Senior Secured Credit Facilities, SEA also entered into the Fourth Supplemental Indenture, dated April 5, 2013 (the “Fourth Supplemental Indenture”). The Fourth Supplemental Indenture increased by $20,000 the amount of debt that the Company can incur and have outstanding at one time under the Senior Secured Credit Facilities and amended the transactions with affiliates covenant to allow for the payment of a termination fee, not to exceed $50,000, in connection with the termination of the advisory agreement between the Company and affiliates of Blackstone (see Note 9-Related-Party Transactions). | Ÿ | 50% (which percentage will be reduced to 25% and 0%, as applicable, subject to SEA attaining certain total leverage ratios) of its annual excess cash flow, as defined; | ||||||||||||||||
As of September 30, 2013, the Company was in compliance in all material respects with all covenants in the provisions contained in the documents governing the Senior Secured Credit Facilities and in the indenture governing the Senior Notes. | ||||||||||||||||||
Interest Rate Swap Agreements | Ÿ | 100% of the net cash proceeds of all non-ordinary course asset sales or other dispositions of property by SEA and its restricted subsidiaries (including insurance and condemnation proceeds, subject to de minimis thresholds), if SEA does not reinvest those net cash proceeds in assets to be used in its business or to make certain other permitted investments (a) within 12 months of the receipt of such net cash proceeds or (b) if SEA commits to reinvest such net cash proceeds within 12 months of the receipt thereof, within 180 days of the date of such commitment; and | ||||||||||||||||
On August 23, 2012, SEA executed two interest rate swap agreements (the “Interest Rate Swap Agreements”) to effectively fix the interest rate on $550,000 of the Term B Loans. Each interest rate swap had a notional amount of $275,000; was scheduled to mature on September 30, 2016; required the Company to pay a fixed rate of interest of 1.247% per annum; paid swap counterparties a variable rate of interest based upon three month BBA LIBOR; and had interest settlement dates occurring on the last day of December, March, June and September through maturity. SEA had designated such interest rate swap agreements as qualifying cash flow hedge accounting relationships. As a result of Amendment No. 5, in May 2013, the Interest Rate Swap Agreements were restructured into two interest rate swaps totaling $550,000 to match the refinanced debt. Each restructured interest rate swap has a notional amount of $275,000; matures on September 30, 2016; requires the Company to pay a fixed rate of interest between 1.049% and 1.051% per annum; pays swap counterparties a variable rate of interest based upon the greater of three month BBA LIBOR; and has interest settlement dates occurring on the last day of December, March, June and September through maturity. SEA designated such interest rate swap agreements as qualifying cash flow hedge accounting relationships as further discussed in Note 7-Derivative Instruments and Hedging Activities which follows. | ||||||||||||||||||
Cash paid for interest relating to the Senior Secured Credit Facilities, the Senior Notes and the Interest Rate Swap Agreements was $11,804 and $59,685 for the three and nine month periods ending September 30, 2013, respectively, and $15,026 and $66,201 for the three and nine month periods ending September 30, 2012, respectively. | Ÿ | 100% of the net proceeds of any incurrence of debt by SEA or any of its restricted subsidiaries, other than debt permitted to be incurred or issued under the Senior Secured Credit Facilities. | ||||||||||||||||
Long-term debt at September 30, 2013, is repayable as follows, not including any possible prepayments: | Notwithstanding any of the foregoing, each lender of term loans has the right to reject its pro rata share of mandatory prepayments described above, in which case SEA may retain the amounts so rejected. The foregoing mandatory prepayments will be applied pro rata to installments of term loans in direct order of maturity. | |||||||||||||||||
There were no mandatory prepayments during the year ended December 31, 2012 or 2011. | ||||||||||||||||||
The obligations under the Senior Secured Credit Facilities are fully, unconditionally and irrevocably guaranteed by the Company, any subsidiary of the Company that directly or indirectly owns 100% of the issued and outstanding equity interests of SEA, and, subject to certain exceptions, each of SEA’s existing and future material domestic wholly-owned subsidiaries. The Senior Secured Credit Facilities are collateralized by first priority or equivalent security interests, subject to certain exceptions, in (i) all the capital stock of, or other equity interests in, substantially all of the Company’s direct or indirect domestic subsidiaries and 65% of the capital stock of, or other equity interests in, any foreign subsidiaries and (ii) certain tangible and intangible assets of SEA and the Company. Certain financial, affirmative and negative covenants, including a maximum total net leverage ratio and minimum interest coverage ratio, are included in the Senior Secured Credit Facilities. If an event of default occurs, the lenders under the Senior Secured Credit Facilities will be entitled to take various actions, including the acceleration of amounts due under the Senior Secured Credit Facilities and all actions permitted to be taken by a secured creditor. SEA was in compliance with the covenants at December 31, 2012 and 2011. | ||||||||||||||||||
Years Ending | The additional $500,000 of borrowing on Term Loan B under Amendment 3 was issued at a discount of $6,245. The discount is being amortized to interest expense using the weighted average interest method. | |||||||||||||||||
December 31, | Revolving credit available under the Senior Secured Credit Facilities as of December 31, 2012 and 2011, was $160,931 and $124,707, respectively. The revolving credit commitment includes up to $20,000 in short-term loans (five days in duration) and up to $50,000 in letters of credit. Any amounts borrowed under the short-term loans or as letters of credit reduce the total amount available under the revolving credit loan. All amounts outstanding under the revolving credit commitment are due on February 17, 2016, except for borrowings under the short term loans, which are payable within five business days of the original borrowing. | |||||||||||||||||
2013 | $ | 3,512 | Amounts outstanding at December 31, 2012 and 2011, relating to the Revolving Credit Facility were $0 and $36,000 (at an interest rate of 2.99%), respectively. | |||||||||||||||
2014 | 14,050 | |||||||||||||||||
2015 | 14,050 | As of December 31, 2012, the Company had approximately $11.6 million of outstanding letters of credit. | ||||||||||||||||
2016 | 274,050 | Senior Notes | ||||||||||||||||
2017 | 14,050 | On December 1, 2009, SEA issued $400.0 million of 13.5% Senior Notes due December 1, 2016. In conjunction with the execution of Amendment No. 3 to the Senior Secured Credit Facilities, SEA also entered into the Second Supplemental Indenture dated March 30, 2012 relating to the Senior Notes. Among other matters, the Second Supplemental Indenture granted waivers to allow SEA to issue the additional $500,000 of Term B Loans to fund the dividend payment discussed above and decreased the interest rate on the Senior Notes from 13.5% per annum to 11% per annum. SEA can redeem the Senior Notes at any time and the Senior Notes are unsecured. Interest is paid semi-annually in arrears. Until December 1, 2014, and in the case of an Equity Offering (as defined in the indenture) SEA may redeem up to 35% of the Senior Notes at a price of 111% of the aggregate principal balance plus accrued interest using the net cash proceeds from an Equity Offering (as defined in the indenture). Prior to December 1, 2014, the Company may redeem some or all of the Senior Notes at a price equal to 100% of the principal amount of Senior Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date, subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date. The “Applicable Premium” is defined as the greater of (1) 1.0% of the principal amount of the Senior Notes and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of the Senior Notes at December 1, 2014 plus (ii) all required interest payments due on the Senior Notes through December 1, 2014 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate plus 50 basis points over (b) the principal amount of the Senior Notes. On or after December 1, 2014, the Senior Notes may be redeemed at 105.5% and 102.75% of the principal balance beginning on December 1, 2014 and 2015, respectively. The Second Supplemental Indenture also increased the minimum covenant leverage ratio from 2.75 to 1.00 to 3.0 to 1.0. The Senior Notes were issued at a discount of $80.72 per $1 or a total of $33,950. The discount is being amortized to interest expense using the weighted average interest method. The obligations under the Senior Notes are guaranteed by the same entities as those that guarantee the Senior Secured Credit Facilities. | ||||||||||||||||
Thereafter | 1,341,775 | In connection with the issuance of the Senior Notes, the holders of the Senior Notes received warrants to purchase 101,000 (not in thousands) Partnerships units for $100 (not in thousands) per unit. The Partnerships, in turn, received warrants to acquire 808,000 (not in thousands) shares of the Company’s common stock. The total value of the warrants at December 1, 2009 was $5,000 and was recorded by the Company as additional paid-in capital and a discount on the Senior Notes. The additional discount is being amortized to interest expense over the term of the Senior Notes. The unamortized discount at December 31, 2012 and 2011, of $2,798 and $3,512, respectively, is presented as a reduction of the carrying value of the Senior Notes in the accompanying consolidated financial statements. During 2011, all the warrants were exercised for cash in accordance with the underlying warrant agreement, the holders of the Senior Notes received 101,000 (not in thousands) limited partnership units of the Partnerships and the Company issued a total of 808,000 (not in thousands) shares of common stock to the Partnerships. | ||||||||||||||||
Cash paid for interest relating to the Senior Secured Credit Facilities and the Senior Notes discussed above was $102,551, $97,575 and $121,239 during the years ended December 31, 2012, 2011 and 2010, respectively. | ||||||||||||||||||
Total | $ | 1,661,487 | The Company has deferred $77,546 in financing costs that were paid to issue the long-term debt. Deferred financing costs, net of accumulated amortization, were $44,103 and $39,232 as of December 31, 2012 and 2011, respectively, and are being amortized to interest expense using the effective interest method over the term of the Senior Notes and are included in other assets in the accompanying consolidated balance sheets. Financing costs paid to the creditors amounting to $15,046 and $5,926 in 2012 and 2011, respectively, directly related to the Amendments noted above were recorded as deferred financing costs. | |||||||||||||||
The fair value of the term loans at December 31, 2012, approximates their carrying value due to the variable nature of the underlying interest rates. The fair value of the Senior Notes approximates $416,300 at December 31, 2012. The estimated fair value of the Senior Notes was computed using significant inputs that are not observable in the market including a discount rate of 10.5% and projected cash flows of the underlying Senior Notes. | ||||||||||||||||||
Long-term debt at December 31, 2012, is repayable as follows, not including any possible prepayments described above: | ||||||||||||||||||
Years Ending | ||||||||||||||||||
December 31 | ||||||||||||||||||
2013 | $ | 21,330 | ||||||||||||||||
2014 | 21,330 | |||||||||||||||||
2015 | 21,330 | |||||||||||||||||
2016 | 1,781,784 | |||||||||||||||||
Total | $ | 1,845,774 | ||||||||||||||||
Income_Taxes
Income Taxes | 9 Months Ended | 12 Months Ended | ||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ' | ||||||||||||
Income Taxes | ' | ' | ||||||||||||
4. INCOME TAXES | 12. INCOME TAXES | |||||||||||||
Income tax expense is recognized based on the Company’s estimated annual effective tax rate which is based upon the tax rate expected for the full calendar year applied to the pre-tax income or loss of the interim period. The Company’s consolidated effective tax rate for the three and nine months ended September 30, 2013 was 34.9% and 33.3%, respectively, and differs from the statutory federal income tax rate primarily due to certain tax credits and state income taxes. The Company’s consolidated effective tax rate for both the three and nine months ended September 30, 2012 was 40.3% and differs from the statutory federal income tax rate primarily due to certain tax credits and state income taxes. | For the years ended December 31, 2012, 2011, and 2010, the provision for (benefit from) income taxes is comprised of the following: | |||||||||||||
The Company has determined that there are no positions currently taken that would rise to a level requiring an amount to be recorded or disclosed as an uncertain tax position. If such positions do arise, it is the Company’s intent that any interest or penalty amount related to such positions will be recorded as a component of tax expense to the applicable period. | ||||||||||||||
2012 | 2011 | 2010 | ||||||||||||
Current income tax expense (benefit) | ||||||||||||||
Federal | $ | (70 | ) | $ | (70 | ) | $ | — | ||||||
State | 542 | 1,277 | — | |||||||||||
Foreign | 31 | 24 | — | |||||||||||
Total current income tax provision | 503 | 1,231 | — | |||||||||||
Deferred income tax provision (benefit): | ||||||||||||||
Federal | 37,873 | 11,429 | (24,074 | ) | ||||||||||
State | 1,106 | 768 | (5,167 | ) | ||||||||||
Total deferred income tax provision (benefit) | 38,979 | 12,197 | (29,241 | ) | ||||||||||
Total income tax provision (benefit) | $ | 39,482 | $ | 13,428 | $ | (29,241 | ) | |||||||
The deferred income tax provision (benefit) represents the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Cash paid for income taxes totaled $767, and $513, and $0, for the years ended December 31, 2012, 2011, and 2010, respectively. | ||||||||||||||
The Company has determined that there are no positions currently taken that would rise to a level requiring an amount to be recorded or disclosed as an uncertain tax position. If such positions do arise, it is the Company’s intent that any interest or penalty amount related to such positions will be recorded as a component of tax expense to the applicable period. | ||||||||||||||
The components of deferred income tax assets and liabilities as of December 31, 2012 and 2011, are as follows: | ||||||||||||||
2012 | 2011 | |||||||||||||
Deferred income tax assets: | ||||||||||||||
Acquisition costs | $ | 22,651 | $ | 23,866 | ||||||||||
Net operating loss | 222,702 | 197,241 | ||||||||||||
Self-insurance | 7,912 | 7,507 | ||||||||||||
Deferred revenue | 1,077 | 3,337 | ||||||||||||
Other | 5,736 | 2,477 | ||||||||||||
Total deferred income tax assets | 260,078 | 234,428 | ||||||||||||
Deferred income tax liabilities: | ||||||||||||||
Property and equipment | (199,836 | ) | (146,002 | ) | ||||||||||
Goodwill | (21,028 | ) | (14,030 | ) | ||||||||||
Amortization | (11,307 | ) | (8,429 | ) | ||||||||||
Other | (4,146 | ) | (3,872 | ) | ||||||||||
Total deferred income tax liabilities | (236,317 | ) | (172,333 | ) | ||||||||||
Net deferred income tax assets | $ | 23,761 | $ | 62,095 | ||||||||||
The Company has federal tax net operating loss carryforwards as of December 31, 2012, of approximately $556,000. The net operating loss carryforwards, if not used to reduce taxable income in future periods, will begin to expire in 2029, for both state and federal tax purposes. Realization of the net deferred income tax assets is dependent upon generating sufficient taxable income prior to expiration of the loss carryforwards, which may include reversal of the other deferred income tax components. Although realization is not assured, management believes it is more likely than not that all of the deferred income tax assets will be realized. The Company files federal and state income tax returns in various jurisdictions with varying statute of limitation expiration dates. The 2009 through 2012 tax years generally remain subject to examination by tax authorities. | ||||||||||||||
The reconciliation between the U.S. federal statutory income tax rate and the Company’s effective income tax provision (benefit) rate for the years ended December 31, 2012, 2011, and 2010, is as follows: | ||||||||||||||
2012 | 2011 | 2010 | ||||||||||||
Income tax rate at federal statutory rates | 35 | % | 35 | % | 35 | % | ||||||||
State taxes, net of federal benefit | 1.36 | 5.57 | 3.67 | |||||||||||
Other | (2.59 | ) | 0.69 | 0.47 | ||||||||||
Income tax rate | 33.77 | % | 41.26 | % | 39.14 | % | ||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||
Commitments And Contingencies Disclosure [Abstract] | ' | ' | ||||
Commitments and Contingencies | ' | ' | ||||
10. COMMITMENTS AND CONTINGENCIES | 13. COMMITMENTS AND CONTINGENCIES | |||||
The Company is a party to various claims and legal proceedings arising in the normal course of business. Matters where an unfavorable outcome to the Company is probable and which can be reasonably estimated are accrued. Such accruals, which are not material for any period presented, are based on information known about the matters, the Company’s estimate of the outcomes of such matters, and the Company’s experience in contesting, litigating, and settling similar matters. Matters that are considered reasonably possible to result in a material loss are not accrued for, but an estimate of the possible loss or range of loss is disclosed, if such amount or range can be determined. Management does not expect any known claims or legal proceedings to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows. | At December 31, 2012, the Company has commitments under long-term operating leases requiring annual minimum lease payments as follows: | |||||
Years Ending | ||||||
December 31 | ||||||
2013 | $ | 12,983 | ||||
2014 | 12,803 | |||||
2015 | 12,806 | |||||
2016 | 11,993 | |||||
2017 | 12,009 | |||||
Thereafter | 298,109 | |||||
Total | $ | 360,703 | ||||
Rental expense was $23,886, $22,119, and $19,719 for the years ended December 31, 2012, 2011, and 2010, respectively. | ||||||
The SeaWorld theme park in San Diego, California, leases the land for the theme park from the City of San Diego. The lease term is for 50 years ending on July 1, 2048. Lease payments are based upon gross revenue from the San Diego theme park subject to certain minimums. On January 1, 2011, the minimum annual rent payment was recalculated in accordance with the lease agreement and remained at $9,600 and is included in the table above for all periods presented. This annual rent will remain in effect until January 1, 2014, at which time the next recalculation will be completed in accordance with the lease agreement. | ||||||
Pursuant to license agreements with Sesame Workshop, the Company pays a specified annual license fee, as well as a specified royalty based on revenues earned in connection with sales of licensed products, all food and beverage items utilizing the licensed elements and any events utilizing such elements if a separate fee is paid for such event. | ||||||
The Company has commenced construction of certain new theme park attractions and other projects under contracts with various third parties. At December 31, 2012, additional capital payments of approximately $121,000 are necessary to complete these projects. These projects are expected to be completed during 2013 and 2014. | ||||||
In addition, the Company is a party to various claims and legal proceedings arising in the normal course of business. Matters where an unfavorable outcome to the Company is probable and which can be reasonably estimated are accrued. Such accruals, which are not material for any period presented, are based on information known about the matters, the Company’s estimate of the outcomes of such matters, and the Company’s experience in contesting, litigating, and settling similar matters. Matters that are considered reasonably possible to result in a material loss are not accrued for, but an estimate of the possible loss or range of loss is disclosed, if such amount or range can be determined. Management does not expect any known claims or legal proceedings to have a material adverse effect on the Company’s consolidated financial position, results of operations, or cash flows. |
Derivative_Instruments_and_Hed
Derivative Instruments and Hedging Activities | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ' | ||||||||||||||||||||
Derivative Instruments and Hedging Activities | ' | ' | ||||||||||||||||||||
7. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | 14. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | |||||||||||||||||||||
Risk Management Objective of Using Derivatives | Risk Management Objective of Using Derivatives | |||||||||||||||||||||
The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. | The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. As of December 31, 2012, the Company does not have any derivatives outstanding that are not designated in hedge accounting relationships. In addition, the Company did not have any material derivatives outstanding as of December 31, 2011. | |||||||||||||||||||||
As of September 30, 2013 and December 31, 2012, the Company did not have any derivatives outstanding that were not designated in hedge accounting relationships. | Cash Flow Hedges of Interest Rate Risk | |||||||||||||||||||||
The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. During the year ended December 31, 2012, the Company entered into two interest rate swaps with a combined notational of $550,000 that were used to hedge the variable cash flows associated with existing variable rate debt. | ||||||||||||||||||||||
Cash Flow Hedges of Interest Rate Risk | The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive loss and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the year ended December 31, 2012 the hedges were 100% effective therefore there was no ineffective portion recognized in earnings. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next 12 months, the Company estimates that an additional $1,360 will be reclassified as an increase to interest expense. | |||||||||||||||||||||
The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. During the three and nine months ended September 30, 2013, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. As of September 30, 2013, the Company had two outstanding interest rate swaps with a combined notional value of $550,000 that were designated as cash flow hedges of interest rate risk. In connection with Amendment No. 5 to the Senior Secured Credit Facility on May 14, 2013, the Company restructured the interest rate swaps to match the refinanced debt. The restructuring of the interest rate swap required a re-designation of the hedge accounting relationship. The re-designation is expected to result in the recognition of a minimal amount of ineffectiveness throughout the remaining term of the interest rate swaps. | Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet | |||||||||||||||||||||
The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive loss and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. During the three and nine months ended September 30, 2013, there was no ineffective portion recognized in earnings. Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next 12 months, the Company estimates that an additional $1,567 will be reclassified as an increase to interest expense. | The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of December 31, 2012: | |||||||||||||||||||||
Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet | ||||||||||||||||||||||
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the unaudited condensed consolidated balance sheet as of September 30, 2013: | ||||||||||||||||||||||
Derivatives | ||||||||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||
Asset Derivatives | Liability Derivatives | Balance Sheet Location | Fair Value | |||||||||||||||||||
As of September 30, 2013 | As of September 30, 2013 | Derivatives designated as hedging insturments: | ||||||||||||||||||||
Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | Interest rate swaps | Other Liabilities | $ | 1,880 | |||||||||||||||
Derivatives designated as hedging instruments: | ||||||||||||||||||||||
Interest rate swaps | Other assets | $ | 347 | Other liabilities | $ | — | Total derviatives designated as hedging insturments | $ | 1,880 | |||||||||||||
Total derivatives designated as hedging instruments | $ | 347 | $ | — | The unrealized loss on derivatives is recorded net of $627 in tax and included within the statement of operations and comprehensive income (loss) for the year ended December 31, 2012. | |||||||||||||||||
Tabular Disclosure of the Effect of Derivative Instruments on the Statement of Comprehensive Income (Loss) | ||||||||||||||||||||||
The unrealized gain on derivatives is recorded net of a tax benefit of $675 and a tax expense of $741 for the three and nine months ended September 30, 2013, respectively, and is included within the unaudited condensed consolidated statements of operations and comprehensive income (loss). | The table below presents the pre-tax effect of the Company’s derivative financial instruments on the statement of comprehensive income (loss) for the year ended December 31, 2012: | |||||||||||||||||||||
Tabular Disclosure of the Effect of Derivative Instruments on the Statements of Operations and Comprehensive Income (Loss) | ||||||||||||||||||||||
The table below presents the pre-tax effect of the Company’s derivative financial instruments on the unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2013: | Year Ended | |||||||||||||||||||||
December 31, 2012 | ||||||||||||||||||||||
Derivatives in Cash Flow Hedging Relationships: | ||||||||||||||||||||||
Three Months Ended | Nine Months Ended | Gain (loss) related to effective portion of derivatives recognized in accumulated other comprehensive income | $ | (1,522 | ) | |||||||||||||||||
September 30, 2013 | September 30, 2013 | Gain (loss) related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense | $ | (358 | ) | |||||||||||||||||
Derivatives in Cash Flow Hedging Relationships: | Gain (loss) related to ineffective portion of derivatives recognized in other income (expense) | $ | — | |||||||||||||||||||
(Loss) gain related to effective portion of derivatives recognized in accumulated other comprehensive income | $ | (1,380 | ) | $ | 3,338 | Credit Risk-Related Contingent Features | ||||||||||||||||
Loss related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense | $ | (422 | ) | $ | (1,144 | ) | The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. | |||||||||||||||
Gain (loss) related to ineffective portion of derivatives recognized in other income (expense) | $ | — | $ | — | ||||||||||||||||||
Credit Risk-Related Contingent Features | As of December 31, 2012, the termination value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $1,929. As of December 31, 2012, the Company has posted no collateral related to these agreements. If the Company had breached any of these provisions at December 31, 2012, it could have been required to settle its obligations under the agreements at their termination value of $1,929. | |||||||||||||||||||||
The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. | ||||||||||||||||||||||
As of September 30, 2013, the termination value of derivatives in a net asset position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $348. As of September 30, 2013, the Company has posted no collateral related to these agreements. If the Company had breached any of these provisions at September 30, 2013, it could have been required to settle its obligations under the agreements at their termination value of $348. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||
Fair Value Measurements | ' | ' | ||||||||||||||||||||||||||||||||
8. FAIR VALUE MEASUREMENTS | 15. FAIR VALUE MEASUREMENTS | |||||||||||||||||||||||||||||||||
Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement is required to be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, fair value accounting standards establish a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). | Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement is required to be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, fair value accounting standards establish a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). | |||||||||||||||||||||||||||||||||
The Company has determined that the majority of the inputs used to value its derivative financial instruments using the income approach fall within Level 2 of the fair value hierarchy. The Company uses readily available market data to value its derivatives, such as interest rate curves and discount factors. ASC 820, Fair Value Measurements and Disclosures, also requires consideration of credit risk in the valuation. The Company uses a potential future exposure model to estimate this credit valuation adjustment (“CVA”). The inputs to the CVA are largely based on observable market data, with the exception of certain assumptions regarding credit worthiness which make the CVA a Level 3 input. Based on the magnitude of the CVA, it is not considered a significant input and the derivatives are classified as Level 2. Of the Company’s long-term obligations, the Term B-2 Loans are classified in Level 2 of the fair value hierarchy. The fair value of the term loans as of September 30, 2013 approximates their carrying value due to the variable nature of the underlying interest rates and the frequent intervals at which such interest rates are reset. The Senior Notes are classified in Level 3 of the fair value hierarchy and have been valued using significant inputs that are not observable in the market including a discount rate of 10.41% and projected cash flows of the underlying Senior Notes. | The Company has determined that the majority of the inputs used to value its derivative financial instruments using the income approach fall within Level 2 of the fair value hierarchy. The Company uses readily available market data to value its derivatives, such as interest rate curves and discount factors. ASC 820 also requires consideration of credit risk in the valuation. The Company uses a potential future exposure model to estimate this credit valuation adjustment (“CVA”). The inputs to the CVA are largely based on observable market data, with the exception of certain assumptions regarding credit worthiness which make the CVA a Level 3 input. Based on the magnitude of the CVA, it is not considered a significant input and the derivatives are classified as Level 2. Of the Company’s long-term obligations, the Term A Loans and Term B Loans are classified in Level 2 of the fair value hierarchy. The fair value of the term loans as of December 31, 2012 approximates their carrying value due to the variable nature of the underlying interest rates and the frequent intervals at which such interest rates are reset. The Senior Notes are classified in Level 3 of the fair value hierarchy and have been valued using significant inputs that are not observable in the market including a discount rate of 10.48% and projected cash flows of the underlying Senior Notes. The Company does not have any assets measured at fair value as of December 31, 2012. | |||||||||||||||||||||||||||||||||
The following table presents the Company’s estimated fair value measurements and related classifications as of September 30, 2013: | ||||||||||||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | |||||||||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | Active Markets for | Other | Unobservable | December 31, | |||||||||||||||||||||||||||
Active Markets for | Other | Unobservable | September 30, | Identical Assets | Observable | Inputs | 2012 | |||||||||||||||||||||||||||
Identical Assets | Observable | Inputs | 2013 | and Liabilities | Inputs | (Level 3) | ||||||||||||||||||||||||||||
and Liabilities | Inputs | (Level 3) | (Level 1) | (Level 2) | ||||||||||||||||||||||||||||||
(Level 1) | (Level 2) | Liabilities: | ||||||||||||||||||||||||||||||||
Assets: | Letters of Credit | — | $ | 11,569 | — | $ | 11,569 | |||||||||||||||||||||||||||
Derivative financial instruments (a) | $ | — | $ | 347 | $ | — | $ | 347 | Long-term obligations(a) | — | $ | 1,445,774 | $ | 416,317 | $ | 1,862,091 | ||||||||||||||||||
Liabilities: | Derivative financial instruments (b) | — | $ | 1,880 | — | $ | 1,880 | |||||||||||||||||||||||||||
Long-term obligations (b) | $ | — | $ | 1,401,487 | $ | 269,627 | $ | 1,671,114 | ||||||||||||||||||||||||||
(a) | Reflected at carrying value in the consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644. As of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, was $1,417,887 and $1,468,543, respectively. | |||||||||||||||||||||||||||||||||
(a) | Reflected at fair value in the unaudited condensed consolidated balance sheet as other assets of $347. There were no transfers between Levels 1, 2 or 3 during the three or nine months ended September 30, 2013. | (b) | Reflected at fair value in the consolidated balance sheet as other liabilities of $1,880. | |||||||||||||||||||||||||||||||
(b) | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,629,489 as of September 30, 2013. | |||||||||||||||||||||||||||||||||
The Company did not have any assets measured at fair value at December 31, 2012. The following table presents the Company’s estimated fair value measurements and related classifications as of December 31, 2012: | ||||||||||||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | |||||||||||||||||||||||||||||||
Active Markets for | Other | Unobservable | December 31, | |||||||||||||||||||||||||||||||
Identical Assets | Observable | Inputs | 2012 | |||||||||||||||||||||||||||||||
and Liabilities | Inputs | (Level 3) | ||||||||||||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||
Long-term obligations (a) | $ | — | $ | 1,445,774 | $ | 416,317 | $ | 1,862,091 | ||||||||||||||||||||||||||
Derivative financial instruments (b) | $ | — | $ | 1,880 | $ | — | $ | 1,880 | ||||||||||||||||||||||||||
(a) | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644 as of December 31, 2012. | |||||||||||||||||||||||||||||||||
(b) | Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $1,880 at December 31, 2012. |
RelatedParty_Transactions
Related-Party Transactions | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Related Party Transactions [Abstract] | ' | ' |
Related-Party Transactions | ' | ' |
9. RELATED-PARTY TRANSACTIONS | 16. RELATED-PARTY TRANSACTIONS | |
Certain affiliates of Blackstone provided monitoring, advisory, and consulting services to the Company under an advisory fee agreement (the “2009 Advisory Agreement”), which was terminated on April 24, 2013 in connection with the completion of the initial public offering (see Note 12—Stockholders’ Equity). Fees related to these services, which were based upon a multiple of Adjusted EBITDA as defined in the 2009 Advisory Agreement, amounted to $2,799 for the nine months ended September 30, 2013, and $2,264 and $5,075 for the three and nine months ended September 30, 2012, respectively. These amounts are included in selling, general, and administrative expenses in the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss). There were no fees related to these services in the three months ended September 30, 2013, due to the termination of the 2009 Advisory Agreement in April 2013 (see discussion which follows). | Certain affiliates of Blackstone provide monitoring, advisory, and consulting services to the Company under an advisory fee agreement. Fees related to these services, which are based upon a multiple of Adjusted EBITDA, as defined in the advisory agreement, amounted to $6,201, $6,012, and $4,704 for the years ended December 31, 2012, 2011, and 2010, respectively, are included in selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). In connection with the advisory agreement, a termination fee calculated based on the terms of the agreement will be paid by the Company if certain triggering events occur, including, but not limited to, an initial public offering. | |
In connection with the completion of the initial public offering in April 2013 (see Note 12—Stockholders’ Equity), the 2009 Advisory Agreement between the Company and affiliates of Blackstone was terminated (except for certain provisions relating to indemnification and certain other provisions, which survived termination). In connection with such termination, the Company paid a termination fee of $46,300 to Blackstone using a portion of the net proceeds from the offering and wrote-off $3,772 of the 2013 prepaid advisory fee. The combined expense of $50,072 is recorded as termination of advisory agreement in the accompanying unaudited condensed consolidated statements of operations and comprehensive income (loss). | The Company had an arrangement with another former Blackstone portfolio theme park company to sell admission tickets on a combined basis. The Company earned revenue of approximately $7,400 (through June, 2011) and $18,400 during the years ended December 31, 2011 and 2010, respectively, under the combined ticket arrangement. Blackstone sold its interest in such theme park company in June 2011. | |
On March 30, 2012, the Company declared and paid a $500,000 cash dividend to its stockholders. In June 2013, the Company’s Board of Directors declared a cash dividend of $0.20 per share to all common stockholders of record at the close of business on June 20, 2013, which was paid on July 1, 2013. In September 2013, the Company’s Board of Directors declared a cash dividend of $0.20 per share to all common stockholders of record at the close of business on September 20, 2013, which was paid on October 1, 2013. In connection with the dividend declarations described above, certain affiliates of Blackstone were paid dividends in the amount of $500,000, $11,749 and $11,749 on March 30, 2012, July 1, 2013 and October 1, 2013, respectively. | The Company entered into a transition services agreement (“TSA”) with Anheuser-Busch Companies, Inc., effective December 1, 2009, to receive support in the areas of information technology, accounting, tax, human resources, and procurement. Services were provided for a term of six months. The services were at graduated rates that increased over the term and range from $10 to $190 per month, depending upon the type of service. Extensions were charged at the initial rates plus 33%. In addition, in February 2010, the Company elected to purchase certain one-time information technology support for $624. As of December 31, 2010, the Company no longer received services under the TSA. Total cost under the TSA for the year ended December 31, 2010 was $4,860, and is included in selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). |
Retirement_Plan
Retirement Plan | 12 Months Ended |
Dec. 31, 2012 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Retirement Plan | ' |
17. RETIREMENT PLAN | |
The Company sponsors a defined contribution plan, under Section 401(k) of the Internal Revenue Code, that it established in March 2010. The plan is a qualified automatic contributions arrangement, which automatically enrolls employees, once eligible, unless they opt out. The Company makes matching cash contributions subject to certain restrictions, structured as a 100% match on the first 1% contributed by the employee and a 50% match on the next 5% contributed by the employee. Employer-matching contributions for the years ended December 31, 2012, 2011, and 2010, totaled $8,767, $7,345 and $6,165, respectively. |
EquityBased_Compensation
Equity-Based Compensation | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' | ||||||||||||||||||||||||||
Equity-Based Compensation | ' | ' | ||||||||||||||||||||||||||
11. EQUITY-BASED COMPENSATION | 18. EQUITY-BASED COMPENSATION | |||||||||||||||||||||||||||
In accordance with ASC 718, Compensation-Stock Compensation, the Company measures the cost of employee services rendered in exchange for share-based compensation based upon the grant date fair market value. The cost is recognized over the requisite service period, which is generally the vesting period. | In 2011 and 2012, the Partnerships granted employee units to certain key employees of SEA. Upon vesting of the employee units, the Company issues the corresponding number of shares of common stock of the Company to the Partnerships. There is no related cost to the employee upon vesting of the units. | |||||||||||||||||||||||||||
Employee Units Surrendered for Common Stock | The total number of units authorized for awards is 750,000 (not in thousands). The total number of employee units granted, (which are accounted for as equity awards) was 721,401 (not in thousands) and they were divided into three equal tranches as follows: | |||||||||||||||||||||||||||
Prior to April 18, 2013, the Company had an Employee Unit Incentive Plan (“Employee Unit Plan”). Under the Employee Unit Plan, the Partnerships granted Employee Units to certain key employees of SEA (“Employee Units”). The Employee Units which were granted were accounted for as equity awards and were divided into three tranches, Time-Vesting Units (“TVUs”), 2.25x Performance Vesting Units (“PVUs”) and 2.75x PVUs. Upon vesting of the Employee Units, the Company issued the corresponding number of shares of common stock of the Company to the Partnerships. There was no related cost to the employee upon vesting of the units. As of April 18, 2013, 669,293 Employee Units had been granted under the Employee Unit Plan, net of forfeitures. Separately, certain members of management in 2011 also purchased an aggregate of 29,240 Class D Units of the Partnerships (“Class D Units”). | Time-Vesting Units (TVUs)—One-third of the employee units (240,470) (not in thousands) granted vest over five years (20% per year). The vesting begins on the earlier of December 1, 2009, or the grant date. Vesting is contingent upon continued employment. In the event of a change of control (defined as a sale or disposition of the assets of the limited partnership to other than a Blackstone-affiliated group or, if any group other than a Blackstone-affiliated entity, becomes the general partner or the beneficial owner of more than 50% interest), the employee units immediately 100% vest. The TVUs were recorded at the fair market value at the date of grant and will be amortized to compensation expense over the vesting period. Total compensation expense related to the TVUs was $1,191 and $823 for the years ended December 31, 2012 and 2011 respectively, and is included in selling, general, and administrative expenses in the accompanying consolidated statement of operations and comprehensive income (loss) and as contributed capital in the accompanying statements of stockholders’ equity. Total unrecognized compensation cost related to the nonvested TVUs, expected to be recognized over the next three years, was approximately $2,702 as of December 31, 2012. | |||||||||||||||||||||||||||
The activity related to the TVUs for the year ended December 31, 2012, is as follows: | ||||||||||||||||||||||||||||
Prior to the consummation of the Company’s initial public offering, on April 18, 2013, the Employee Units and Class D Units held by certain of the Company’s directors, officers, employees, and consultants were surrendered to the Partnerships and such individuals received an aggregate of 4,165,861 shares of the Company’s issued and outstanding common stock from the Partnerships. The number of shares of the Company’s common stock received by such individuals from the Partnerships was determined in a manner intended to replicate the economic value to each equity holder immediately prior to the transaction. The Class D Units and vested Employee Units were surrendered for an aggregate of 949,142 shares of common stock. The unvested Employee Units were surrendered for an aggregate of 3,216,719 unvested restricted shares of the Company’s common stock, which are subject to vesting terms substantially similar to those applicable to the unvested Employee Units immediately prior to the transaction. These unvested restricted shares consist of Time Restricted shares, and 2.25x and 2.75x Performance Restricted shares (collectively the “Performance Restricted shares”), which, for accounting purposes, were removed from issued and outstanding shares until their restrictions are met, as shown on the accompanying unaudited condensed consolidated statement of changes in stockholders’ equity. The following table sets forth the number of Class D Units and Employee Units surrendered for shares of common stock prior to the consummation of the Company’s initial public offering: | ||||||||||||||||||||||||||||
Employee | Weighted | Weighted | ||||||||||||||||||||||||||
Units | Shares of | Units | Average | Average | ||||||||||||||||||||||||
Common Stock | Grant Date | Remaining | ||||||||||||||||||||||||||
(not in thousands) | Fair Value | Contractual | ||||||||||||||||||||||||||
Vested TVUs surrendered for shares of stock | 121,206 | 727,852 | Term | |||||||||||||||||||||||||
Class D Units surrendered for shares of stock | 29,240 | 221,290 | (not in | |||||||||||||||||||||||||
thousands) | ||||||||||||||||||||||||||||
Total Class D Units and vested TVUs surrendered for shares of stock | 150,446 | 949,142 | Outstanding-January 1, 2012 | 134,109 | $ | 21.34 | ||||||||||||||||||||||
Granted | 21,167 | 23.15 | ||||||||||||||||||||||||||
Unvested TVUs surrendered for unvested Time Restricted shares of stock | 103,913 | 599,215 | Vested | (39,775 | ) | 21.29 | ||||||||||||||||||||||
2.25x PVUs surrendered for 2.25x Performance Restricted shares of stock | 222,087 | 1,308,752 | Forfeited | (2,800 | ) | 21.34 | ||||||||||||||||||||||
2.75x PVUs surrendered for 2.75x Performance Restricted shares of stock | 222,087 | 1,308,752 | ||||||||||||||||||||||||||
Outstanding-December 31, 2012 | 112,701 | 21.7 | 25.5 months | |||||||||||||||||||||||||
Total unvested TVUs and PVUs surrendered for shares of unvested restricted stock | 548,087 | 3,216,719 | ||||||||||||||||||||||||||
Total units granted in 2011 totaled 219,303 (not in thousands) at a weighted average fair value of $21.34 per share. | ||||||||||||||||||||||||||||
Total units surrendered for shares of stock and unvested restricted stock | 698,533 | 4,165,861 | 2.25x and 2.75x Performance Vesting Units (PVUs)—Two tranches of the employee units vest only if certain events occur. The 2.25x PVUs vest if the employee is employed by the Company when and if Blackstone receives cash proceeds (not subject to any clawback, indemnity or similar contractual obligation) in respect of its Partnerships units equal to (x) a 20% annualized effective compounded return rate on Blackstone’s investment and (y) a 2.25x on Blackstone’s investment. The 2.75x PVUs vest if the employee is employed by the Company when and if Blackstone receives cash proceeds (not subject to any clawback, indemnity or similar contractual obligation) in respect of its Partnerships units equal to (x) a 15% annualized effective compounded return rate on Blackstone’s investment and (y) a 2.75x multiple on Blackstone’s investment. The employee units have no termination date other than termination of employment from the Company. There are no service or period vesting conditions associated with the PVUs other than employment at the time the benchmark is reached. No compensation will be recorded related to these PVUs until their issuance is probable. There was no compensation expense recorded during 2012 or 2011 for the PVUs. Total unrecognized compensation expense as of December 31,2012 was approximately $2,900 and $2,000 for the 2.25x and 2.75x units, respectively. None of the PVUs were exercisable at December 31, 2012. | |||||||||||||||||||||||||
The activity related to the 2.25x units for the year ended December 31, 2012, is as follows: | ||||||||||||||||||||||||||||
Time-Vesting Units (TVUs) and Time Restricted Shares | ||||||||||||||||||||||||||||
One-third of the Employee Units originally granted vested over five years (20% per year). Generally, the vesting began on the earlier of December 1, 2009, or the grant date. Vesting was contingent upon continued employment. In the event of a change of control (defined as a sale or disposition of the assets of the limited partnership to other than a Blackstone affiliated group or, if any group other than a Blackstone-affiliated entity, becomes the general partner or the beneficial owner of more than 50% interest), the TVUs immediately 100% vested. The TVUs were originally recorded at the fair market value at the date of grant and were being amortized to compensation expense over the vesting period. | ||||||||||||||||||||||||||||
The shares of stock received upon surrender of the Employee Units contain substantially identical terms, conditions and vesting schedules as the previously outstanding Employee Units. In accordance with the guidance in ASC 718-20, Compensation-Stock Compensation, the surrender of the Employee Units for shares of common stock and Time Restricted shares qualifies as a modification of an equity compensation plan. As such, the Company calculated the incremental fair value of the TVU awards immediately prior to and after their modification and determined that $282 of incremental equity compensation cost would be recorded upon surrender of the vested TVUs for vested shares of stock in the nine months ended September 30, 2013. The remaining incremental compensation cost of $220 which represents the incremental cost on the unvested TVUs which were surrendered for unvested Time Restricted shares of restricted stock, will be added to the original grant date fair value of the TVU awards and amortized to compensation expense over the remaining vesting period. | Employee | Weighted | ||||||||||||||||||||||||||
Total combined compensation expense related to these TVU and Time Restricted share awards was $606 and $1,537 for the three and nine months ended September 30, 2013 and $305 and $872 for the three and nine months ended September 30, 2012 and is included in selling, general, and administrative expenses in the accompanying unaudited condensed consolidated statement of operations and comprehensive income (loss) and as contributed capital in the accompanying unaudited condensed consolidated statements of stockholders’ equity. Total unrecognized compensation cost related to the unvested Time Restricted shares, expected to be recognized over the remaining vesting term was approximately $1,706 as of September 30, 2013. | Units | Average | ||||||||||||||||||||||||||
The activity related to the TVU and Time Restricted share awards for the nine months ended September 30, 2013, is as follows: | Grant Date | |||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||
(not in | ||||||||||||||||||||||||||||
Employee | Shares | Weighted | Weighted | thousands) | ||||||||||||||||||||||||
Units | Average Grant | Average | Outstanding-January 1, 2012 | 206,220 | $ | 12.65 | ||||||||||||||||||||||
Date Fair Value | Remaining | Granted | 21,164 | 15.66 | ||||||||||||||||||||||||
per Share | Contractual | Vested | — | — | ||||||||||||||||||||||||
Term | Forfeited | (2,333 | ) | 12.65 | ||||||||||||||||||||||||
(not in thousands) | ||||||||||||||||||||||||||||
Outstanding unvested TVUs at December 31, 2012 | 112,701 | $ | 21.7 | Outstanding-December 31, 2012 | 225,051 | 13.06 | ||||||||||||||||||||||
Vested units | (8,788 | ) | $ | 22.71 | ||||||||||||||||||||||||
TVUs surrendered for unvested Time Restricted shares of stock | (103,913 | ) | 599,215 | $ | 4.06 | |||||||||||||||||||||||
Vested shares | (31,675 | ) | $ | 3.82 | The activity related to the 2.75x units for the year ended December 31, 2012, is as follows: | |||||||||||||||||||||||
Forfeited | (2,025 | ) | $ | 3.82 | ||||||||||||||||||||||||
Outstanding unvested Time Restricted shares of stock at September 30, 2013 | — | 565,515 | $ | 4.07 | 17 months | Employee | Weighted | |||||||||||||||||||||
Units | Average Fair | |||||||||||||||||||||||||||
2.25x and 2.75x Performance Vesting Units (PVUs) and Performance Restricted Shares | Value | |||||||||||||||||||||||||||
Two tranches of the Employee Units vested only if certain events occur. The 2.25x PVUs under the Employee Unit Plan vested if the employee is employed by the Company when and if Blackstone receives cash proceeds (not subject to any clawback, indemnity or similar contractual obligation) in respect of its Partnerships units equal to (x) a 20% annualized effective compounded return rate on Blackstone’s investment and (y) a 2.25x on Blackstone’s investment. The 2.75x PVUs under the Employee Unit Plan vested if the employee is employed by the Company when and if Blackstone received cash proceeds (not subject to any clawback, indemnity or similar contractual obligation) in respect of its Partnerships units equal to (x) a 15% annualized effective compounded return rate on Blackstone’s investment and (y) a 2.75x multiple on Blackstone’s investment. The PVUs had no termination date other than termination of employment from the Company and there were no service or period vesting conditions associated with the PVUs other than employment at the time the benchmark was reached; no compensation was recorded related to these PVUs prior to the modification since their exercise was not considered probable. The unvested Performance Restricted shares received upon surrender of the Employee Unit PVUs contain substantially the same terms and conditions as the previously outstanding PVUs. No compensation expense will be recorded related to the Performance Restricted shares until their vesting is probable, accordingly, no compensation expense has been recorded during the nine months ended September 30, 2013 or 2012 related to these PVUs or Performance Restricted share awards. In accordance with the guidance in ASC 718-20, Compensation-Stock Compensation, the surrender of the Employee Units for shares of common stock qualifies as a modification of an equity compensation plan. As the Performance Restricted shares were not considered probable of vesting before or after the modification, the Company will use the modification date fair value to record compensation expense related to these awards if the performance conditions become probable within a future reporting period. Total unrecognized compensation expense as of September 30, 2013, was approximately $28,125 and $18,846 for the 2.25x and 2.75x Performance Restricted shares, respectively. | (not in | |||||||||||||||||||||||||||
The activity related to the 2.25x Performance Restricted shares for the nine months ended September 30, 2013, is as follows: | thousands) | |||||||||||||||||||||||||||
Outstanding-January 1, 2012 | 206,220 | $ | 8.88 | |||||||||||||||||||||||||
Granted | 21,164 | 10.52 | ||||||||||||||||||||||||||
Employee | Shares | Vested | — | — | ||||||||||||||||||||||||
Units | Forfeited | (2,333 | ) | 8.88 | ||||||||||||||||||||||||
(not in thousands) | ||||||||||||||||||||||||||||
Outstanding 2.25x PVUs at December 31, 2012 | 225,051 | Outstanding-December 31, 2012 | 225,051 | 8.99 | ||||||||||||||||||||||||
Forfeited | (2,964 | ) | ||||||||||||||||||||||||||
2.25x PVUs surrendered for unvested 2.25x Performance Restricted shares of stock | (222,087 | ) | 1,308,752 | The fair value of each employee unit granted was estimated on the date of grant using a composite of the discounted cash flow model and the guideline public company approach to determine the underlying enterprise value. The discounted cash flow model is based upon significant inputs that are not observable in the market. Key assumptions include projected cash flows, a discount rate of 10.5%, and a terminal value. The guideline public company approach uses relevant public company valuation multiples to determine fair value. The value of the individual equity tranches was allocated based upon the Option-Pricing Method model. Significant assumptions include a holding period of 2.6 to 3.6 years, a risk free rate of 0.33% to 1.22%, volatility of approximately 49% to 57% and a discount for lack of marketability, depending upon the units, from 31% to 53% and 0 dividend yield. Volatility for SEA’s stock is estimated using the average volatility calculated for a peer group, which is based upon daily price observations over the estimated term of units granted. | ||||||||||||||||||||||||
Vested | — | |||||||||||||||||||||||||||
Outstanding unvested 2.25x Performance Restricted shares of stock at September 30, 2013 | — | 1,308,752 | ||||||||||||||||||||||||||
The activity related to the 2.75x Performance Restricted shares for the nine months ended September 30, 2013, is as follows: | ||||||||||||||||||||||||||||
Employee | Shares | |||||||||||||||||||||||||||
Units | ||||||||||||||||||||||||||||
(not in thousands) | ||||||||||||||||||||||||||||
Outstanding 2.75x PVUs at December 31, 2012 | 225,051 | |||||||||||||||||||||||||||
Forfeited | (2,964 | ) | ||||||||||||||||||||||||||
2.75x PVUs surrendered for unvested 2.75x Performance Restricted shares of stock | (222,087 | ) | 1,308,752 | |||||||||||||||||||||||||
Vested | — | |||||||||||||||||||||||||||
Outstanding unvested 2.75x Performance Restricted shares of stock at September 30, 2013 | — | 1,308,752 | ||||||||||||||||||||||||||
The fair value of each Employee Unit originally granted was estimated on the date of grant using a composite of the discounted cash flow model and the guideline public company approach to determine the underlying enterprise value. The discounted cash flow model was based upon significant inputs that are not observable in the market. Key assumptions included projected cash flows, a discount rate of 10.5%, and a terminal value. The guideline public company approach uses relevant public company valuation multiples to determine fair value. The value of the individual equity tranches was allocated based upon the Option-Pricing Method model. Significant assumptions included a holding period of 2.6 to 3.6 years, a risk free rate of 0.33% to 1.22%, volatility of approximately 49% to 57%, a discount for lack of marketability, depending upon the units, from 31% to 53% and a 0 dividend yield. Volatility for SEA’s stock at the date of grant was estimated using the average volatility calculated for a peer group, which is based upon daily price observations over the estimated term of units granted. | ||||||||||||||||||||||||||||
In order to calculate the incremental fair value at the modification date, the Option-Pricing Method model was used to estimate the fair value prior to the modification. For the fair value after the modification, the initial public offering price of $27.00 per share was used to calculate the fair value of the TVUs while the fair value of the PVUs was estimated using an asset-or-nothing call option approach. Significant assumptions used in both the Option-Pricing Method model and the asset-or-nothing call option approach included a holding period of approximately 2 years from the initial public offering date, a risk free rate of 0.24%, a volatility of approximately 37.6% based on re-levered historical and implied equity volatility of comparable companies and a 0 dividend yield. | ||||||||||||||||||||||||||||
2013 Omnibus Incentive Plan | ||||||||||||||||||||||||||||
The Company reserved 15,000,000 shares of common stock for future issuance under the Company’s new 2013 Omnibus Incentive Plan (“2013 Omnibus Incentive Plan”). The 2013 Omnibus Incentive Plan is administered by the compensation committee of the Board of Directors, and provides that the Company may grant equity incentive awards to eligible employees, directors, consultants or advisors in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, and other stock-based and performance compensation awards. If an award under the 2013 Omnibus Incentive Plan terminates, lapses, or is settled without the payment of the full number of shares subject to the award, the undelivered shares may be granted again under the 2013 Omnibus Incentive Plan. | ||||||||||||||||||||||||||||
On April 19, 2013, 494,557 shares of restricted stock were granted to the Company’s directors, officers and employees under the 2013 Omnibus Incentive Plan (the “2013 Grant”). The shares granted were in the form of time vesting restricted shares (“Time Restricted 2013 shares”), 2.25x performance restricted shares (“2.25x Performance Restricted 2013 shares”) and 2.75x performance restricted shares (“2.75x Performance Restricted 2013 shares”). The activity related to the 2013 Grant for the nine months ended September 30, 2013, is as follows: | ||||||||||||||||||||||||||||
Shares | Weighted | Weighted | ||||||||||||||||||||||||||
Average Grant | Average | |||||||||||||||||||||||||||
Date Fair Value | Remaining | |||||||||||||||||||||||||||
per Share | Contractual | |||||||||||||||||||||||||||
Term | ||||||||||||||||||||||||||||
(not in | ||||||||||||||||||||||||||||
thousands) | ||||||||||||||||||||||||||||
2013 Grant | ||||||||||||||||||||||||||||
Granted: | ||||||||||||||||||||||||||||
Time Restricted 2013 shares vesting after initial public offering 180 day lock up period | 85,647 | $ | 33.52 | |||||||||||||||||||||||||
Time Restricted 2013 shares vesting over remaining service period | 82,290 | $ | 33.52 | |||||||||||||||||||||||||
2.25x Performance Restricted 2013 shares | 163,310 | $ | 30.46 | |||||||||||||||||||||||||
2.75x Performance Restricted 2013 shares | 163,310 | $ | 23.05 | |||||||||||||||||||||||||
Vested | — | — | ||||||||||||||||||||||||||
Forfeited | (267 | ) | $ | 33.52 | ||||||||||||||||||||||||
Outstanding 2013 Grant unvested restricted shares at September 30, 2013 | 494,290 | $ | 29.05 | 16 months | ||||||||||||||||||||||||
The vesting terms and conditions of the Time Restricted 2013 shares, the 2.25x Performance Restricted 2013 shares, and the 2.75x Performance Restricted 2013 shares included in the 2013 Grant are substantially the same as those of the previous Employee Unit Plan TVUs, 2.25x PVUs, and 2.75x PVUs, respectively, (see “2.25x and 2.75x Performance Vesting Units (PVUs) and Performance Restricted Shares” section). For the Time Restricted 2013 shares, after an initial 180 day post initial public offering lock up period, the vesting schedule from the Employee Unit Plan carries over so that each recipient will vest in the 2013 Grant in the same proportion as they were vested in the previous Employee Unit Plan. The remaining unvested shares will vest over the remaining service period, subject to substantially the same vesting conditions which carried over from the previous Employee Unit Plan. | ||||||||||||||||||||||||||||
The grant date fair value for the Time Restricted 2013 shares awarded was determined based on the closing market price of the Company’s stock at the date of grant applied to the total number of shares that are anticipated to fully vest. The fair value of the restricted shares will be recognized as equity compensation on a straight-line basis over the requisite service period as if the award was, in substance, multiple awards consisting of the Time Restricted 2013 shares which vest at the end of the initial public offering 180 day lock up period, and the remaining Time Restricted 2013 shares which vest over the requisite service period. As a result, approximately $1,876 and $3,167 of equity compensation expense was recognized in the three and nine months ended September 30, 2013, respectively, related to the 2013 Grant. As of September 30, 2013, unrecognized equity compensation expense related to the Time Restricted 2013 shares was $491 to be recognized by the end of the initial public offering 180 day lock up period and $1,961 to be recognized over the remaining requisite service period. | ||||||||||||||||||||||||||||
The grant date fair value of the 2.25x and 2.75x Performance Restricted 2013 shares was measured using the asset-or-nothing option pricing model. Significant assumptions included a holding period of approximately 2 years from the initial public offering date, a risk free rate of 0.24%, a volatility of approximately 33.2% based on re-levered historical and implied equity volatility of comparable companies and a 0 dividend yield. There is no compensation expense recorded related to the Performance Restricted 2013 shares until their issuance is probable. Total unrecognized compensation expense as of September 30, 2013 for the 2013 Grant was approximately $4,974 and $3,764 for the 2.25x Performance Restricted 2013 shares and 2.75x Performance Restricted 2013 shares, respectively. | ||||||||||||||||||||||||||||
As of September 30, 2013, there were 14,505,710 shares of common stock available for future issuance under the Company’s 2013 Omnibus Incentive Plan. Subsequent to September 30, 2013, the Company withheld an aggregate of 21,937 shares of its common stock from employees to satisfy minimum tax withholding obligations relating to the vesting of restricted stock awards. As a result, these shares will be added back to the number of shares of common stock available for future issuance under the Company’s 2013 Omnibus Incentive Plan. |
Stockholders_Equity
Stockholders' Equity | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Equity [Abstract] | ' | ' |
Stockholders' Equity | ' | ' |
12. STOCKHOLDERS’ EQUITY | 19. STOCKHOLDERS’ EQUITY | |
As of September 30, 2013, 89,626,525 shares of common stock were issued and outstanding on the accompanying unaudited condensed consolidated balance sheet, which excludes 3,677,309 unvested shares of common stock held by certain participants in the Company’s equity compensation plan (see Note 11—Equity Compensation). | In 2011, the Company sold 233,920 shares of common stock to the Partnership (not in thousands) for net cash consideration of $2,736. | |
Stock Split | During 2011, all the warrants, issued in accordance with the Senior Notes, were exercised for cash in accordance with the underlying warrant agreement. The holders of the Senior Notes received 101,000 (not in thousands) limited partnership units of the Partnerships and the Company issued a total of 808,000 (not in thousands) shares of common stock to the Partnerships (see Note 11). | |
On April 7, 2013, the Company’s Board of Directors authorized an eight-for-one split of the Company’s common stock which was effective on April 8, 2013. The Company retained the current par value of $0.01 per share for all shares of common stock after the stock split, and accordingly, stockholders’ equity on the accompanying unaudited condensed consolidated balance sheets and the unaudited condensed consolidated statements of changes in stockholders’ equity reflects the stock split. The Company’s historical share and per share information has been retroactively adjusted to give effect to this stock split. | The Company declared dividends in the amount of $500,000 and $110,100 to common stockholders on March 30, 2012 and September 29, 2011, respectively. The dividends were accounted for as returns of capital. | |
Contemporaneously with the stock split, the Company’s Board of Directors approved an increase in the number of authorized shares of common stock to 1 billion shares. Additionally, upon the consummation of the initial public offering, the Board of Directors authorized 100,000,000 shares of preferred stock at a par value of $0.01 per share. | ||
Initial Public Offering and Use of Proceeds | ||
On April 24, 2013, the Company completed its initial public offering of its common stock in which it offered and sold 10,000,000 shares of common stock and the selling stockholders of the Company offered and sold 19,900,000 shares of common stock including, 3,900,000 shares of common stock pursuant to the exercise in full of the underwriters’ over-allotment option. The shares offered and sold in the offering were registered under the Securities Act pursuant to the Company’s Registration Statement on Form S-1, which was declared effective by the SEC on April 18, 2013. The common stock is listed on the New York Stock Exchange under the symbol “SEAS”. | ||
The Company’s shares of common stock were sold at an initial public offering price of $27.00 per share, which generated net proceeds of approximately $245,400 to the Company after deducting underwriting discounts and commissions, expenses and transaction costs. The Company did not receive any proceeds from shares sold by the selling stockholders. The Company used a portion of the net proceeds received in the offering to redeem $140,000 in aggregate principal amount of its Senior Notes at a redemption price of 111.0% plus accrued and unpaid interest thereon, pursuant to a provision in the indenture governing the Senior Notes that permits the Company to redeem up to 35% of the aggregate principal amount of the Senior Notes with the net cash proceeds of certain equity offerings. In addition, the Company used approximately $46,300 of the net proceeds received from the offering to make a one-time payment to an affiliate of Blackstone in connection with the termination of the 2009 Advisory Agreement (see Note 9—Related-Party Transactions). Of the net proceeds received from the offering, $37,000 was used to repay a portion of the outstanding indebtedness under Term B Loan. | ||
Dividends | ||
In March 2012, the Company declared a $500,000 cash dividend to its common stockholders, which at that time consisted of entities controlled by certain affiliates of Blackstone. This dividend was considered a return of capital for both accounting and tax purposes. | ||
In June 2013, the Company’s Board of Directors adopted a policy to pay a regular quarterly dividend. As a result, an initial quarterly cash dividend of $0.20 per share was declared to all common stockholders of record at the close of business on June 20, 2013, which was paid on July 1, 2013. As the Company had an accumulated deficit at the time the dividend was declared, this dividend was accounted for as a return of capital and recorded as a reduction to additional paid-in capital on the accompanying unaudited condensed consolidated statement of changes in stockholders’ equity. In September 2013, the Company’s Board of Directors declared a cash dividend of $0.20 per share to all common stockholders of record at the close of business on September 20, 2013, which was paid on October 1, 2013. | ||
Unvested restricted shares carry dividend rights and therefore the dividends are payable as the shares vest in accordance with the underlying stock compensation grants. As of September 30, 2013, the Company had $18,219 of cash dividends payable included in other current liabilities in the accompanying unaudited condensed consolidated balance sheet. Dividends on the 2.25x and 2.75x Performance Restricted shares, including the 2.25x and 2.75x Performance Restricted 2013 shares (collectively the “Performance Restricted shares”), were approximately $589 for each tranche and will accumulate and be paid only if and to the extent the Performance Restricted shares vest in accordance with their terms. The Company has not recorded a payable related to these dividends as the vesting of the Performance Restricted shares is not probable. |
Subsequent_Events
Subsequent Events | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Subsequent Events [Abstract] | ' | ' |
Subsequent Events | ' | ' |
13. SUBSEQUENT EVENTS | 20. SUBSEQUENT EVENTS | |
In connection with the preparation of the unaudited condensed consolidated financial statements, the Company evaluated subsequent events after the condensed consolidated balance sheet date through the date the unaudited condensed consolidated financial statements were issued, to determine whether any events occurred that required recognition or disclosure in the accompanying unaudited condensed consolidated financial statements. | In connection with the preparation of the consolidated financial statements, the Company evaluated subsequent events after the consolidated balance sheet date of December 31, 2012, through March 22, 2013, the date the consolidated financial statements were issued and updated such evaluation through the date of reissuance, April 17, 2013, to determine whether any events occurred that required recognition or disclosure in the accompanying consolidated financial statements. | |
Stock Split and Authorized Shares | ||
On April 7, 2013, the Company’s Board of Directors authorized an eight-for-one split of the Company’s common stock which was effective on April 8, 2013. The Company retained the current par value of $0.01 per share for all shares of common stock after the stock split, and accordingly, stockholders’ equity on the accompanying consolidated balance sheets and consolidated statements of changes in stockholders’ equity reflects the stock split by reclassifying from “Additional paid-in capital” to “Common stock” an amount equal to the par value of the additional shares arising from the split. The Company’s historical share and per share information has been retroactively adjusted to give effect to this stock split. | ||
Contemporaneously with the stock split, on April 8, 2013, the Company’s Board of Directors approved an increase in the number of authorized shares of common stock to 1 billion shares. | ||
Debt | ||
On April 5, 2013, SEA entered into Amendment No. 4 to the Senior Secured Credit Facilities (“Amendment No. 4”) and on April 12, 2013, entered into the Fourth Supplemental Indenture to the Indenture (the “Fourth Supplemental Indenture”) related to the Senior Notes. | ||
Amendment No. 4 amends the terms of the existing Senior Secured Credit Facilities to, among other things, permit SEA to pay certain distributions and dividends following an initial public offering of the Company. In addition, Amendment No. 4 replaces the existing $172,500 senior secured revolving credit facility with a new $192,500 senior secured revolving credit facility. | ||
The Fourth Supplemental Indenture provides additional flexibility under the limitation on restricted payments covenant to permit certain dividends following an initial public offering. Additionally, the Fourth Supplemental Indenture increases by $20,000 the amount of debt that the Company can incur and have outstanding at any one time under the Senior Secured Credit Facilities and amends the transactions with affiliates covenant to allow for the payment of a termination fee not to exceed $50,000 in connection with the termination of the 2009 Advisory Agreement. | ||
The amendments contemplated by Amendment No. 4 and the Fourth Supplemental Indenture are expected to become effective upon the date of the consummation of the Company’s initial public offering, so long as it occurs on or before July 31, 2013, and provided that certain customary conditions are satisfied. |
Schedule_IRegistrants_Condense
Schedule I-Registrant's Condensed Financial Statements | 12 Months Ended | ||||||||||||
Dec. 31, 2012 | |||||||||||||
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] | ' | ||||||||||||
Schedule I-Registrant's Condensed Financial Statements | ' | ||||||||||||
Schedule I-Registrant’s Condensed Financial Statements | |||||||||||||
SeaWorld Entertainment, Inc. | |||||||||||||
Parent Company Only | |||||||||||||
Condensed Balance Sheets | |||||||||||||
as of December 31, 2012 and 2011 | |||||||||||||
(In thousands, except share and per share amounts) | |||||||||||||
2012 | 2011 | ||||||||||||
Assets | |||||||||||||
Current Assets: | |||||||||||||
Cash | $ | 203 | $ | 3,180 | |||||||||
Total current assets | 203 | 3,180 | |||||||||||
Investment in wholly owned subsidiary | 451,102 | 872,467 | |||||||||||
Total Assets | $ | 451,305 | $ | 875,647 | |||||||||
Liabilities and Stockholders’ Equity | |||||||||||||
Current Liabilities: | |||||||||||||
Accrued Liabilities | $ | 203 | $ | 3,180 | |||||||||
Total current liabilities | 203 | 3,180 | |||||||||||
Total liabilities | 203 | 3,180 | |||||||||||
Commitments and contingencies | |||||||||||||
Stockholders’ Equity: | |||||||||||||
Common stock, $0.01 par value-authorized, 1,000,000,000 shares; issued and outstanding, 82,737,008 shares in 2012 and 82,418,808 in 2011 | 827 | 824 | |||||||||||
Additional paid-in capital | 456,923 | 955,735 | |||||||||||
Accumulated deficit | (6,648 | ) | (84,092 | ) | |||||||||
Total stockholders’ equity | 451,102 | 872,467 | |||||||||||
Total Liabilities and Stockholders’ Equity | $ | 451,305 | $ | 875,647 | |||||||||
See accompanying notes to condensed financial statements | |||||||||||||
SeaWorld Entertainment, Inc. | |||||||||||||
Parent Company Only | |||||||||||||
Condensed Statements of Operations and Comprehensive Income (Loss) | |||||||||||||
for the Years Ended December 31, 2012, 2011 and 2010 | |||||||||||||
(In thousands) | |||||||||||||
2012 | 2011 | 2010 | |||||||||||
Equity in net income (loss) of subsidiary | $ | 77,444 | $ | 19,113 | $ | (45,464 | ) | ||||||
Net income (loss) | 77,444 | 19,113 | (45,464 | ) | |||||||||
Other comprehensive loss | — | — | — | ||||||||||
Comprehensive income (loss) | $ | 77,444 | $ | 19,113 | $ | (45,464 | ) | ||||||
See accompanying notes to condensed financial statements | |||||||||||||
SeaWorld Entertainment, Inc. | |||||||||||||
Parent Company Only | |||||||||||||
Condensed Statements of Cash Flows | |||||||||||||
for the Years Ended December 31, 2012 and 2011 and 2010 | |||||||||||||
(In thousands) | |||||||||||||
2012 | 2011 | 2010 | |||||||||||
Cash Flows From Operating Activities: | |||||||||||||
Net income (loss) | $ | 77,444 | $ | 19,113 | $ | (45,464 | ) | ||||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||||||||
Equity in net (income) loss of subsidiary | (77,444 | ) | (19,113 | ) | 45,464 | ||||||||
Net cash provided by (used in) operating activities | — | — | — | ||||||||||
Cash Flows From Investing Activities: | |||||||||||||
Capital contributed to subsidiary | — | (2,736 | ) | — | |||||||||
Dividend received from subsidiary (return of capital) | 500,000 | 100,000 | — | ||||||||||
Net cash provided by investing activities | 500,000 | 97,264 | — | ||||||||||
Cash Flows From Financing Activities: | |||||||||||||
Net proceeds from issuance of common stock | — | 12,836 | — | ||||||||||
Dividend paid to stockholders (return of capital) | (502,977 | ) | (106,920 | ) | — | ||||||||
Net cash used in financing activities | (502,977 | ) | (94,084 | ) | — | ||||||||
Change in Cash and Cash Equivalents | (2,977 | ) | 3,180 | — | |||||||||
Cash and Cash Equivalents—Beginning of year | 3,180 | — | — | ||||||||||
Cash and Cash Equivalents—End of year | $ | 203 | $ | 3,180 | $ | — | |||||||
See accompanying notes to condensed financial statements | |||||||||||||
Notes to Condensed Parent Company Only Financial Statements | |||||||||||||
1. DESCRIPTION OF SEAWORLD ENTERTAINMENT, INC. | |||||||||||||
SeaWorld Entertainment, Inc. (the “Parent”) was incorporated in Delaware on October 2, 2009 to effect the purchase of all the outstanding equity interests of Busch Entertainment LLC and affiliates from Anheuser-Busch Companies, Inc. The Parent has no operations or significant assets or liabilities other than its investment in SeaWorld & Parks Entertainment, Inc. (“SEA”). Accordingly, the Parent is dependent upon distributions from SEA to fund its obligations. However, under the terms of SEA’s various debt agreements, SEA’s ability to pay dividends or lend to the Parent is restricted, except that SEA may pay specified amounts to the Parent to fund the payment of the Company’s tax obligations. | |||||||||||||
2. BASIS OF PRESENTATION | |||||||||||||
The accompanying condensed financial statements (parent company only) include the accounts of the Parent and its investment in SEA accounted for in accordance with the equity method, and do not present the financial statements of the Parent and its subsidiary on a consolidated basis. These parent company only financial statements should be read in conjunction with the SeaWorld Entertainment, Inc. consolidated financial statements. | |||||||||||||
3. GUARANTEES | |||||||||||||
On December 1, 2009, SEA entered into senior secured credit facilities (the “Senior Secured Credit Facilities”) and issued senior notes (the “Senior Notes”). The Senior Secured Credit Facilities were amended on February 17, 2011, April 15, 2011 and March 30, 2012. | |||||||||||||
Under the terms of the Senior Secured Credit Facilities, the obligations of SEA are fully, unconditionally and irrevocably guaranteed by Parent, any subsidiary of Parent that directly or indirectly owns 100% of the issued and outstanding equity interest of SEA, and subject to certain exceptions, each of SEA’s existing and future material domestic wholly-owned subsidiaries (collectively, the “Guarantors”). | |||||||||||||
The obligations under the Senior Notes are guaranteed by the same Guarantors as under the Senior Secured Credit Facilities. In the event of a default under the Senior Notes, the principal and accrued interest would become immediately due and payable (subject to, in some cases, grace periods). | |||||||||||||
4. DIVIDENDS FROM SUBSIDIARIES | |||||||||||||
The Parent received dividends in the amount of $500,000 and $100,000 from SEA on March 30, 2012 and September 29, 2011, respectively, which has been reflected as a return of capital in the accompanying condensed financial statements. On those same dates, the Parent declared dividends (defined as a restricted payment in the Senior Secured Credit Facilities) of $500,000 and $110,100 to the Partnerships, of which $609,897 was paid as of December 31, 2012. This dividend has also been reflected as a return of capital in the accompanying condensed financial statements. | |||||||||||||
5. SUBSEQUENT EVENT | |||||||||||||
Stock Split and Authorized Shares | |||||||||||||
On April 7, 2013, the Parent’s Board of Directors authorized an eight-for-one split of the Parent’s common stock which was effective on April 8, 2013. The Parent retained the current par value of $0.01 per share for all shares of common stock after the stock split, and accordingly, stockholders’ equity on the accompanying consolidated balance sheets reflects the stock split by reclassifying from “Additional paid-in capital” to “Common stock” an amount equal to the par value of the additional shares arising from the split. The Parent’s historical share information has been retroactively adjusted to give effect to this stock split. | |||||||||||||
Contemporaneously with the stock split, on April 8, 2013, the Parent’s Board of Directors approved an increase in the number of authorized shares of common stock to 1 billion shares. |
Description_of_Business_Polici
Description of Business (Policies) | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||
Accounting Policies [Abstract] | ' | ' | ||||
Basis of Presentation | ' | ' | ||||
Basis of Presentation | Basis of Presentation and Principles of Consolidation—The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts have been eliminated in consolidation. | |||||
The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes for the year ended December 31, 2012 included in this prospectus. The unaudited condensed consolidated balance sheet as of December 31, 2012 has been derived from the audited consolidated financial statements at that date. | ||||||
In the opinion of management, such unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, and cash flows for the interim periods, but are not necessarily indicative of the results of operations for the year ending December 31, 2013 or any future period due to the seasonal nature of the Company’s operations. Based upon historical results, the Company typically generates its highest revenues in the second and third quarters of each year and incurs a net loss in the first and fourth quarters, in part because six of its theme parks are only open for a portion of the year. | ||||||
The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, including SEA. All intercompany accounts have been eliminated in consolidation. | ||||||
Use of Estimates | ' | ' | ||||
Use of Estimates | Use of Estimates—The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities, revenues and expenses, and disclosure of contingencies during the reporting period. Significant estimates are deferred revenue and the valuation of self-insurance, deferred tax assets, and goodwill and other indefinite-lived intangible assets. Actual results could differ from those estimates. | |||||
The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions include, but are not limited to, the accounting for self-insurance, deferred tax assets, deferred revenue, equity compensation and the valuation of goodwill and other indefinite-lived intangible assets. Actual results could differ from those estimates. | ||||||
Cash and Cash Equivalents | ' | ' | ||||
Cash and Cash Equivalents—Cash and cash equivalents include cash held at financial institutions as well as operating cash onsite at each theme park to fund daily operations and amounts due from third-party credit card companies. The amounts due from third-party credit card companies totaled $15,076 and $13,165 at December 31, 2012 and 2011, respectively. The cash balances in non-interest bearing accounts held at financial institutions are fully insured by the Federal Deposit Insurance Corporation (“FDIC”) through December 31, 2012. Interest bearing accounts are insured up to $250. At times, cash balances may exceed federally insured amounts and potentially subject the Company to a concentration of credit risk. Management believes that no significant concentration of credit risk exists with respect to these cash balances because of its assessment of the creditworthiness and financial viability of the respective financial institutions. | ||||||
Accounts Receivable-Net | ' | ' | ||||
Accounts Receivable—Net—Accounts receivable are reported at net realizable value and consist primarily of amounts due from customers for the sale of admission products. The Company is not exposed to a significant concentration of credit risk. The Company does record an allowance for estimated uncollectible receivables, based on the amount and status of past-due accounts, contractual terms of the receivables, and the Company’s history of uncollectible accounts. For all periods presented, the allowance for uncollectible accounts and the related provision were insignificant. | ||||||
Inventories | ' | ' | ||||
Inventories—Inventories are stated at the lower of cost or market value with the cost being determined by the weighted average cost method. Inventories consist primarily of products for resale, including merchandise, culinary items, and miscellaneous supplies. Obsolete or excess inventories are recorded at their estimated realizable value. | ||||||
Restricted Cash | ' | ' | ||||
Restricted Cash—Restricted cash is recorded in other current assets and consists of funds received from strategic partners for use in approved marketing and promotional activities. | ||||||
Property and Equipment-Net | ' | ' | ||||
Property and Equipment—Net—Property and equipment are recorded at cost; the cost of routine maintenance, repairs, spare parts and minor renewals is expensed as incurred. Internal development costs associated with rides and equipment are capitalized after feasibility studies have been completed and substantially all product development is complete. The cost of the assets is depreciated using the straight-line method based on the following estimated useful lives: | ||||||
Land improvements | 10–40 years | |||||
Buildings | 5–40 years | |||||
Rides and equipment | 3–15 years | |||||
Animals | 1–40 years | |||||
Material costs to purchase animals exhibited in the theme parks are capitalized and amortized over their estimated remaining productive lives (1-40 years). In-house animal breeding costs are expensed as they are incurred since they are insignificant to the consolidated financial statements. All costs (including training) to maintain the animals after they are placed into service at the parks are expensed as incurred. Construction in process assets consist primarily of rides and other attractions that are under construction and have not yet been placed in service. These assets are stated at cost and are not depreciated. Once construction of assets is completed and the assets are placed into service, assets are reclassified to the appropriate asset class based on their nature and depreciated in accordance with the useful lives above. Interest is capitalized on major construction projects. Total interest capitalized for the years ended December 31, 2012 and 2011, was $5,791 and $5,600, respectively. | ||||||
Computer System Development Costs | ' | ' | ||||
Computer System Development Costs—The Company capitalizes computer system development costs that meet established criteria and amortizes those costs to expense on a straight-line basis over five years. The capitalized costs related to the computer system development costs were $2,694 and $2,009 for the years ended December 31, 2012 and 2011, respectively, and are recorded in other assets in the accompanying consolidated balance sheets. Computer system development costs not meeting the proper criteria for capitalization, including systems reengineering costs, are expensed as incurred. | ||||||
Impairment of Long-Lived Assets | ' | ' | ||||
Impairment of Long-Lived Assets—All long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that would indicate that the carrying value of the assets may not be recoverable. An impairment loss may be recognized when estimated undiscounted future cash flows expected to result from the use of the asset, including disposition, are less than the carrying value of the asset. The measurement of the impairment loss to be recognized is based upon the difference between the fair value and the carrying amounts of the assets. Fair value is generally determined based upon a discounted cash flow analysis. In order to determine if an asset has been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (generally a theme park). No impairment losses were recognized during the years ended December 31, 2012, 2011, and 2010. | ||||||
Goodwill and Indefinite-Lived Intangible Assets | ' | ' | ||||
Goodwill and Indefinite-Lived Intangible Assets—Goodwill and indefinite-lived intangible assets are not amortized, but instead reviewed for impairment at least annually on December 1, with ongoing recoverability based on applicable reporting unit performance and consideration of significant events or changes in the overall business environment. | ||||||
In assessing goodwill for impairment, the Company will initially evaluate qualitative factors to determine if it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company considers several factors, including macroeconomic conditions, industry and market conditions, overall financial performance of the reporting unit, changes in management, strategy or customers, and relevant reporting unit specific events such as a change in the carrying amount of net assets, a more-likely-than-not expectation of selling or disposing all, or a portion, of a reporting unit, and the testing for recoverability of a significant asset group within a reporting unit. If this qualitative assessment results in a conclusion that it is more likely than not that the fair value of a reporting unit exceeds the carrying value, then no further testing is performed for that reporting unit. If the qualitative assessment is not conclusive and it is necessary to calculate the fair value of a reporting unit, then the impairment analysis for goodwill is performed at the reporting unit level using a two-step approach. The first step is a comparison of the fair value of the reporting unit, determined using future cash flow analysis, to its recorded amount. If the recorded amount exceeds the fair value, the second step quantifies any impairment write-down by comparing the current implied value of goodwill to the recorded goodwill balance. The Company’s indefinite-lived intangible assets consist of certain trade names which, after considering legal, regulatory, contractual, and other competitive and economic factors, are determined to have indefinite lives and are valued annually using the relief from royalty method. The Company performed its annual impairment test of goodwill and indefinite lived assets on December 1, 2012 and 2011, and found no impairments. | ||||||
Other Intangible Assets | ' | ' | ||||
Other Intangible Assets—The Company’s other intangible assets consist primarily of certain trade names, relationships with ticket resellers, and a favorable lease asset. These intangible assets are amortized on the straight-line basis over their estimated remaining lives. | ||||||
Self-Insurance Reserves | ' | ' | ||||
Self-Insurance Reserves—Reserves are recorded for the estimated amounts of guest and employee claims and expenses incurred each period that are not covered by insurance. Reserves are established for both identified claims and incurred but not reported (“IBNR”) claims. Such amounts are accrued for when claim amounts become probable and estimable. Reserves for identified claims are based upon the Company’s historical claims experience and third-party estimates of settlement costs. Reserves for IBNR claims are based upon the Company’s claims data history, as well as industry averages. The Company maintains self-insurance reserves for healthcare, auto, general liability and workers compensation claims. Total claims reserves were $23,509 and $23,189 at December 31, 2012 and 2011, respectively, and are recorded in other accrued expenses and other liabilities. All reserves are periodically reviewed for changes in facts and circumstances and adjustments are made as necessary. | ||||||
Debt Financing Costs | ' | ' | ||||
Debt Financing Costs—Direct costs incurred in issuance of long-term debt are being amortized to interest expense using the effective interest method over the term of the related debt. | ||||||
Revenue Recognition | ' | ' | ||||
Revenue Recognition—The Company recognizes revenue upon admission into a park or when products are delivered to customers. For season passes and other multi-use admissions, deferred revenue is recorded and the related revenue is recognized over the terms of the admission product and its related use. Deferred revenue includes a current and long-term portion. At December 31, 2012 and 2011, long-term deferred revenue of $6,315 and $8,109, respectively, is included in other liabilities in the accompanying consolidated balance sheets. The Company has entered into agreements with certain external theme park, zoo, and other attraction operators to jointly market and sell admission products. These joint products allow admission to both a Company park and an external park, zoo or other attraction. The agreements with the external parks, specify the allocation of revenue to the Company from any jointly sold products. The Company’s portion of revenue is deferred and recognized upon admission. The Company barters theme park admission products and sponsorship opportunities for advertising, employee recognition awards, and various other services. The fair value of the admission products is recognized into revenue and related expense at the time of the exchange and approximates the fair value of the goods or services received. For the years ended December 31, 2012, 2011, and 2010, $19,628, $19,734, and $17,149, respectively, were included within admissions revenue and selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss) related to bartered ticket transaction | ||||||
Advertising and Promotional Costs | ' | ' | ||||
Advertising and Promotional Costs—Advertising production costs are deferred and expensed the first time the advertisement is shown. Advertising and media costs are expensed as incurred and for the years ended December 31, 2012, 2011, and 2010, totaled approximately $116,712, $113,300, and $122,600, respectively, and are included in selling, general, and administrative expenses in the accompanying consolidated statements of operations and comprehensive income (loss). | ||||||
Equity-Based Compensation | ' | ' | ||||
Equity-Based Compensation—The Company measures the cost of employee services rendered in exchange for share-based compensation based upon the grant date fair market value. The cost is recognized over the requisite service period, which is generally the vesting period. | ||||||
Income Taxes | ' | ' | ||||
Income Taxes—Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. A valuation allowance is established for deferred tax assets when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Realization is dependent on generating future taxable income or the reversal of deferred tax liabilities during the periods in which those temporary differences become deductible. The Company evaluates its tax positions by determining if it is more likely than not a tax position is sustainable upon examination, based upon the technical merits of the position, before any of the benefit is recorded for financial statement purposes. The benefit is measured as the largest dollar amount of position that is more likely than not to be sustained upon settlement. Previously recorded benefits that no longer meet the more-likely than not threshold are charged to earnings in the period that the determination is made. Interest and penalties accrued related to uncertain positions are charged to the provision/benefit for income taxes. | ||||||
Fair Value Measurements | ' | ' | ||||
Fair Value Measurements—Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. | ||||||
An entity is permitted to measure certain financial assets and financial liabilities at fair value with changes in fair value recognized in earnings each period. The Company has not elected to use the fair value option for any of its financial assets and financial liabilities that are not already recorded at fair value. Carrying values of financial instruments classified as current assets and current liabilities approximate fair value, due to their short-term nature. | ||||||
A description of the Company’s policies regarding fair value measurement is summarized below. | ||||||
Fair Value Hierarchy—Fair value is determined for assets and liabilities, which are grouped according to a hierarchy, based upon significant levels of observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. This hierarchy requires the use of observable market data when available. These two types of inputs have created the following fair value hierarchy: | ||||||
Level 1—Quoted prices for identical instruments in active markets. | ||||||
Level 2—Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. | ||||||
Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||
Determination of Fair Value—The Company generally uses quoted market prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access to determine fair value, and classifies such items in Level 1. Fair values determined by Level 2 inputs utilize inputs other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted market prices in active markets for similar assets or liabilities, and inputs other than quoted market prices that are observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. If quoted market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters, such as interest and currency rates, and the like. Assets or liabilities valued using such internally generated valuation techniques are classified according to the lowest level input or value driver that is significant to the valuation. Thus, an item may be classified in Level 3 even though there may be some significant inputs that are readily observable. | ||||||
Segment Reporting | ' | ' | ||||
Segment Reporting—The Company maintains discrete financial information for each of its eleven theme parks, which is used by the Chief Operating Decision Maker (“CODM”), identified as the Chief Executive Officer, as a basis for allocating resources. Each theme park has been identified as an operating segment and meets the criteria for aggregation due to similar economic characteristics. In addition, all of the theme parks provide similar products and services and share similar processes for delivering services. The theme parks have a high degree of similarity in the workforces and target the same consumer group. Accordingly, based on these economic and operational similarities and the way the CODM monitors the operations, the Company has concluded that its operating segments may be aggregated and that it has one reportable segment. | ||||||
Derivative Instruments and Hedging Activities | ' | ' | ||||
Derivative Instruments and Hedging Activities—During fiscal year 2012, the Company entered into certain derivative transactions, as detailed in Note 14, and elected the related derivative instruments and hedging activities accounting policy described herein. Accounting Standards Codification Topic (“ASC”) 815, Derivatives and Hedging, provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, results of operations and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of, and gains and losses on, derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. | ||||||
As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. | ||||||
Recently Issued Accounting Pronouncements | ' | ' | ||||
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-02, “Reporting Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which amends Accounting Standards Codification (“ASC”) 220, Comprehensive Income. The amended guidance requires entities to provide information about the amounts reclassified out of accumulated other comprehensive income by component. Additionally, entities are required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The amended guidance does not change the current requirements for reporting net income or other comprehensive income. The amendments are effective prospectively for reporting periods beginning after December 15, 2012. The adoption of ASU No. 2013-02 did not have a significant impact on the Company’s condensed consolidated financial statements. |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Accounting Policies [Abstract] | ' | ||||
Estimated Useful Lives | ' | ||||
product development is complete. The cost of the assets is depreciated using the straight-line method based on the following estimated useful lives: | |||||
Land improvements | 10–40 years | ||||
Buildings | 5–40 years | ||||
Rides and equipment | 3–15 years | ||||
Animals | 1–40 years |
Acquisitions_Tables
Acquisitions (Tables) | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Business Combinations [Abstract] | ' | ||||
Purchase Price Allocation | ' | ||||
The Company allocated the cost of the acquisition to the assets acquired based upon their respective fair values. These fair values are based on management’s estimates and assumptions, including variations of the income approach, the market approach and the cost approach, resulting in a purchase price allocation as follows: | |||||
Land | $ | 12,100 | |||
Other property & equipment | 2,400 | ||||
Non-compete agreement | 500 | ||||
Total assets acquired | $ | 15,000 | |||
EARNINGS_PER_SHARE_Tables
EARNINGS PER SHARE (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of (Loss) Earnings Per Share | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings per share is computed as follows (in thousands, except per share data): | Earnings per share is computed as follows (in thousands, except per share data): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended September 30, | Nine Months Ended September 30, | Year Ended December 31, | Year Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 | 2012 | 2013 | 2012 | 2012 | 2011 | 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Shares | Per | Net | Shares | Per | Net | Shares | Per | Net | Shares | Per | Net | Shares | Per Share | Net | Shares | Per Share | Net | Shares | Per Share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income | Share | Income | Share | Income | Share | Income | Share | Income | Amount | Income | Amount | Income | Amount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount | Amount | Amount | Amount | Basic earnings per share | $ | 77,444 | 82,480 | $ | 0.94 | $ | 19,113 | 81,392 | $ | 0.23 | $ | (45,464) | 80,800 | $ | (0.56 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic earnings per share | $ | 120,199 | 89,610 | $ | 1.34 | $ | 92,257 | 82,461 | $ | 1.12 | $ | 63,985 | 86,867 | $ | 0.74 | $ | 86,243 | 82,480 | $ | 1.05 | Effect of dilutive incentive-based time vested unit awards | 1,072 | 632 | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Effect of dilutive incentive-based awards | 596 | 913 | 664 | 821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted earnings per share | $ | 77,444 | 83,552 | $ | 0.93 | $ | 19,113 | 82,024 | $ | 0.23 | $ | (45,464) | 80,800 | $ | (0.56 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted earnings per share | $ | 120,199 | 90,206 | $ | 1.33 | $ | 92,257 | 83,374 | $ | 1.11 | $ | 63,985 | 87,531 | $ | 0.73 | $ | 86,243 | 83,301 | $ | 1.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventories_Tables
Inventories (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Schedule of Inventories | ' | ||||||||
Inventories as of December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Merchandise | $ | 31,435 | $ | 27,937 | |||||
Food and beverage | 5,152 | 4,461 | |||||||
Supplies | — | 33 | |||||||
Total | $ | 36,587 | $ | 32,431 | |||||
Prepaid_Expenses_and_Other_Cur1
Prepaid Expenses and Other Current Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ||||||||
Schedule of Prepaid Expenses and Other Current Assets | ' | ||||||||
Prepaid expenses and other current assets at December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Prepaid insurance | $ | 8,157 | $ | 7,152 | |||||
Prepaid marketing and advertising costs | 2,500 | 3,365 | |||||||
Deferred offering costs | 3,665 | — | |||||||
Other | 3,495 | 1,735 | |||||||
Total | $ | 17,817 | $ | 12,252 | |||||
Property_and_EquipmentNet_Tabl
Property and Equipment-Net (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2012 | |||||||||
Property Plant And Equipment [Abstract] | ' | ||||||||
Schedule of Component of Property and Equipment | ' | ||||||||
The components of property and equipment—net as of December 31, 2012 and 2011, consisted of the following: | |||||||||
2012 | 2011 | ||||||||
Land | $ | 286,200 | $ | 274,100 | |||||
Land improvements | 238,860 | 201,319 | |||||||
Buildings | 468,647 | 418,318 | |||||||
Rides and equipment | 1,100,423 | 977,233 | |||||||
Animals | 161,194 | 161,144 | |||||||
Construction in process | 88,237 | 140,770 | |||||||
Less accumulated depreciation | (568,918 | ) | (425,006 | ) | |||||
Total | $ | 1,774,643 | $ | 1,747,878 | |||||
Trade_Names_and_Other_Intangib1
Trade Names and Other Intangible Assets-Net (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2012 | |||||||||||||||
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ||||||||||||||
Trade Names-Net | ' | ||||||||||||||
Trade names-net are comprised of the following at December 31, 2012: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Trade names—indefinite lives | $ | 157,000 | $ | — | $ | 157,000 | |||||||||
Trade names—definite lives | 10 years | 11,000 | 3,392 | 7,608 | |||||||||||
Total | $ | 168,000 | $ | 3,392 | $ | 164,608 | |||||||||
Other Intangible Assets-Net | ' | ||||||||||||||
Other intangible assets-net at December 31, 2012, consisted of the following: | |||||||||||||||
Weighted Average | Gross Carrying | Accumulated | Net Carrying | ||||||||||||
Amortization | Amount | Amortization | Value | ||||||||||||
Period | |||||||||||||||
Favorable lease asset | 39 years | $ | 18,200 | $ | 1,397 | $ | 16,803 | ||||||||
Reseller agreements | 8.11 years | 22,300 | 8,483 | 13,817 | |||||||||||
Non-compete agreement | 5 years | 500 | — | 500 | |||||||||||
Total | $ | 41,000 | $ | 9,880 | $ | 31,120 | |||||||||
Schedule of Expected Amortization of Finite-Lived Intangible Assets | ' | ||||||||||||||
Total expected amortization of the finite-lived intangible assets for the succeeding five years and thereafter is as follows: | |||||||||||||||
Years Ending | |||||||||||||||
December 31 | |||||||||||||||
2013 | $ | 4,418 | |||||||||||||
2014 | 4,418 | ||||||||||||||
2015 | 4,418 | ||||||||||||||
2016 | 4,418 | ||||||||||||||
2017 | 4,213 | ||||||||||||||
Thereafter | 16,843 | ||||||||||||||
$ | 38,728 | ||||||||||||||
Other_Accrued_Expenses_Tables
Other Accrued Expenses (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Payables And Accruals [Abstract] | ' | ' | ||||||||||||||||
Schedule of Other Accrued Expenses | ' | ' | ||||||||||||||||
Other accrued expenses at September 30, 2013 and December 31, 2012, consisted of the following: | Other accrued expenses at December 31, 2012 and 2011, consisted of the following: | |||||||||||||||||
September 30, | December 31, | 2012 | 2011 | |||||||||||||||
2013 | 2012 | Accrued property taxes | $ | 1,974 | $ | 1,644 | ||||||||||||
Accrued property taxes | $ | 11,108 | $ | 1,974 | Accrued interest | 3,877 | 4,908 | |||||||||||
Accrued interest | 9,791 | 3,877 | Note payable (Note 4) | 3,000 | — | |||||||||||||
Note payable | — | 3,000 | Self-Insurance reserve | 7,800 | — | |||||||||||||
Self-insurance reserve | 7,800 | 7,800 | Other | 2,699 | 1,847 | |||||||||||||
Other | 2,349 | 2,699 | ||||||||||||||||
Total | $ | 19,350 | $ | 8,399 | ||||||||||||||
Total other accrued expenses | $ | 31,048 | $ | 19,350 | ||||||||||||||
LONGTERM_DEBT_Tables
LONG-TERM DEBT (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||
Debt Disclosure [Abstract] | ' | ' | ||||||||||||||||
Summary of Long-Term Debt | ' | ' | ||||||||||||||||
Long-term debt as of September 30, 2013 and December 31, 2012 consisted of the following: | Long-term debt at December 31, 2012 and 2011, consisted of the following: | |||||||||||||||||
September 30, | December 31, | 2012 | 2011 | |||||||||||||||
2013 | 2012 | Term Loan A | $ | 152,000 | $ | 159,500 | ||||||||||||
Term A Loan | $ | — | $ | 152,000 | Term Loan B | 1,293,774 | 844,043 | |||||||||||
Term B Loan | — | 1,293,774 | Revolving credit agreement | — | 36,000 | |||||||||||||
Term B-2 Loans | 1,401,487 | — | Senior Notes | 400,000 | 400,000 | |||||||||||||
Revolving credit agreement | — | — | ||||||||||||||||
Senior Notes | 260,000 | 400,000 | 1,845,774 | 1,439,543 | ||||||||||||||
Less discounts | (21,800 | ) | (21,656 | ) | ||||||||||||||
Total long-term debt | 1,661,487 | 1,845,774 | Less current maturities | (21,330 | ) | (52,500 | ) | |||||||||||
Less discounts | (17,948 | ) | (21,800 | ) | ||||||||||||||
Less current maturities | (14,050 | ) | (21,330 | ) | Total long-term debt, net of current maturities | $ | 1,802,644 | $ | 1,365,387 | |||||||||
Total long-term debt, net of current maturities | $ | 1,629,489 | $ | 1,802,644 | ||||||||||||||
Summary of Long-Term Debt Repayable | ' | ' | ||||||||||||||||
Long-term debt at September 30, 2013, is repayable as follows, not including any possible prepayments: | Long-term debt at December 31, 2012, is repayable as follows, not including any possible prepayments described above: | |||||||||||||||||
Years Ending | Years Ending | |||||||||||||||||
December 31, | December 31 | |||||||||||||||||
2013 | $ | 3,512 | 2013 | $ | 21,330 | |||||||||||||
2014 | 14,050 | 2014 | 21,330 | |||||||||||||||
2015 | 14,050 | 2015 | 21,330 | |||||||||||||||
2016 | 274,050 | 2016 | 1,781,784 | |||||||||||||||
2017 | 14,050 | |||||||||||||||||
Thereafter | 1,341,775 | Total | $ | 1,845,774 | ||||||||||||||
Total | $ | 1,661,487 | ||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2012 | |||||||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||||||
Schedule of Provision for (Benefit from) Income Taxes | ' | ||||||||||||
For the years ended December 31, 2012, 2011, and 2010, the provision for (benefit from) income taxes is comprised of the following: | |||||||||||||
2012 | 2011 | 2010 | |||||||||||
Current income tax expense (benefit) | |||||||||||||
Federal | $ | (70 | ) | $ | (70 | ) | $ | — | |||||
State | 542 | 1,277 | — | ||||||||||
Foreign | 31 | 24 | — | ||||||||||
Total current income tax provision | 503 | 1,231 | — | ||||||||||
Deferred income tax provision (benefit): | |||||||||||||
Federal | 37,873 | 11,429 | (24,074 | ) | |||||||||
State | 1,106 | 768 | (5,167 | ) | |||||||||
Total deferred income tax provision (benefit) | 38,979 | 12,197 | (29,241 | ) | |||||||||
Total income tax provision (benefit) | $ | 39,482 | $ | 13,428 | $ | (29,241 | ) | ||||||
Components of Deferred Income Tax Assets and Liabilities | ' | ||||||||||||
The components of deferred income tax assets and liabilities as of December 31, 2012 and 2011, are as follows: | |||||||||||||
2012 | 2011 | ||||||||||||
Deferred income tax assets: | |||||||||||||
Acquisition costs | $ | 22,651 | $ | 23,866 | |||||||||
Net operating loss | 222,702 | 197,241 | |||||||||||
Self-insurance | 7,912 | 7,507 | |||||||||||
Deferred revenue | 1,077 | 3,337 | |||||||||||
Other | 5,736 | 2,477 | |||||||||||
Total deferred income tax assets | 260,078 | 234,428 | |||||||||||
Deferred income tax liabilities: | |||||||||||||
Property and equipment | (199,836 | ) | (146,002 | ) | |||||||||
Goodwill | (21,028 | ) | (14,030 | ) | |||||||||
Amortization | (11,307 | ) | (8,429 | ) | |||||||||
Other | (4,146 | ) | (3,872 | ) | |||||||||
Total deferred income tax liabilities | (236,317 | ) | (172,333 | ) | |||||||||
Net deferred income tax assets | $ | 23,761 | $ | 62,095 | |||||||||
Schedule of Reconciliation Between U.S. Federal Statutory Income Tax Rate and Company's Effective Income Tax Provision Rate | ' | ||||||||||||
The reconciliation between the U.S. federal statutory income tax rate and the Company’s effective income tax provision (benefit) rate for the years ended December 31, 2012, 2011, and 2010, is as follows: | |||||||||||||
2012 | 2011 | 2010 | |||||||||||
Income tax rate at federal statutory rates | 35 | % | 35 | % | 35 | % | |||||||
State taxes, net of federal benefit | 1.36 | 5.57 | 3.67 | ||||||||||
Other | (2.59 | ) | 0.69 | 0.47 | |||||||||
Income tax rate | 33.77 | % | 41.26 | % | 39.14 | % | |||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2012 | |||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||
Schedule of Operating Lease Requiring Annual Minimum Lease Payments | ' | ||||
At December 31, 2012, the Company has commitments under long-term operating leases requiring annual minimum lease payments as follows: | |||||
Years Ending | |||||
December 31 | |||||
2013 | $ | 12,983 | |||
2014 | 12,803 | ||||
2015 | 12,806 | ||||
2016 | 11,993 | ||||
2017 | 12,009 | ||||
Thereafter | 298,109 | ||||
Total | $ | 360,703 | |||
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Activities (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ' | ||||||||||||||||||||
Fair Value of the Company's Derivative Financial Instruments Classification on Condensed Consolidated Balance Sheet | ' | ' | ||||||||||||||||||||
The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the unaudited condensed consolidated balance sheet as of September 30, 2013: | The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of December 31, 2012: | |||||||||||||||||||||
Asset Derivatives | Liability Derivatives | Derivatives | ||||||||||||||||||||
As of September 30, 2013 | As of September 30, 2013 | As of December 31, 2012 | ||||||||||||||||||||
Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | Balance Sheet Location | Fair Value | |||||||||||||||||
Derivatives designated as hedging instruments: | Derivatives designated as hedging insturments: | |||||||||||||||||||||
Interest rate swaps | Other assets | $ | 347 | Other liabilities | $ | — | Interest rate swaps | Other Liabilities | $ | 1,880 | ||||||||||||
Total derivatives designated as hedging instruments | $ | 347 | $ | — | Total derviatives designated as hedging insturments | $ | 1,880 | |||||||||||||||
Schedule of Pre-tax Effect of Derivative Financial Instruments on Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) | ' | ' | ||||||||||||||||||||
The table below presents the pre-tax effect of the Company’s derivative financial instruments on the unaudited condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2013: | The table below presents the pre-tax effect of the Company’s derivative financial instruments on the statement of comprehensive income (loss) for the year ended December 31, 2012: | |||||||||||||||||||||
Three Months Ended | Nine Months Ended | Year Ended | ||||||||||||||||||||
September 30, 2013 | September 30, 2013 | December 31, 2012 | ||||||||||||||||||||
Derivatives in Cash Flow Hedging Relationships: | Derivatives in Cash Flow Hedging Relationships: | |||||||||||||||||||||
(Loss) gain related to effective portion of derivatives recognized in accumulated other comprehensive income | $ | (1,380 | ) | $ | 3,338 | Gain (loss) related to effective portion of derivatives recognized in accumulated other comprehensive income | $ | (1,522 | ) | |||||||||||||
Loss related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense | $ | (422 | ) | $ | (1,144 | ) | Gain (loss) related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense | $ | (358 | ) | ||||||||||||
Gain (loss) related to ineffective portion of derivatives recognized in other income (expense) | $ | — | $ | — | Gain (loss) related to ineffective portion of derivatives recognized in other income (expense) | $ | — |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | |||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ' | ||||||||||||||||||||||||||||||||
Schedule of Liabilities Measured at Fair Value | ' | ' | ||||||||||||||||||||||||||||||||
The following table presents the Company’s estimated fair value measurements and related classifications as of September 30, 2013: | The fair value of the term loans as of December 31, 2012 approximates their carrying value due to the variable nature of the underlying interest rates and the frequent intervals at which such interest rates are reset. The Senior Notes are classified in Level 3 of the fair value hierarchy and have been valued using significant inputs that are not observable in the market including a discount rate of 10.48% and projected cash flows of the underlying Senior Notes. The Company does not have any assets measured at fair value as of December 31, 2012. | |||||||||||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | Quoted Prices in | Significant | Significant | Balance at | |||||||||||||||||||||||||||
Active Markets for | Other | Unobservable | September 30, | Active Markets for | Other | Unobservable | December 31, | |||||||||||||||||||||||||||
Identical Assets | Observable | Inputs | 2013 | Identical Assets | Observable | Inputs | 2012 | |||||||||||||||||||||||||||
and Liabilities | Inputs | (Level 3) | and Liabilities | Inputs | (Level 3) | |||||||||||||||||||||||||||||
(Level 1) | (Level 2) | (Level 1) | (Level 2) | |||||||||||||||||||||||||||||||
Assets: | Liabilities: | |||||||||||||||||||||||||||||||||
Derivative financial instruments (a) | $ | — | $ | 347 | $ | — | $ | 347 | Letters of Credit | — | $ | 11,569 | — | $ | 11,569 | |||||||||||||||||||
Liabilities: | Long-term obligations(a) | — | $ | 1,445,774 | $ | 416,317 | $ | 1,862,091 | ||||||||||||||||||||||||||
Long-term obligations (b) | $ | — | $ | 1,401,487 | $ | 269,627 | $ | 1,671,114 | Derivative financial instruments (b) | — | $ | 1,880 | — | $ | 1,880 | |||||||||||||||||||
(a) | Reflected at fair value in the unaudited condensed consolidated balance sheet as other assets of $347. There were no transfers between Levels 1, 2 or 3 during the three or nine months ended September 30, 2013. | (a) | Reflected at carrying value in the consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644. As of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, was $1,417,887 and $1,468,543, respectively. | |||||||||||||||||||||||||||||||
(b) | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,629,489 as of September 30, 2013. | (b) | Reflected at fair value in the consolidated balance sheet as other liabilities of $1,880. | |||||||||||||||||||||||||||||||
The Company did not have any assets measured at fair value at December 31, 2012. The following table presents the Company’s estimated fair value measurements and related classifications as of December 31, 2012: | ||||||||||||||||||||||||||||||||||
Quoted Prices in | Significant | Significant | Balance at | |||||||||||||||||||||||||||||||
Active Markets for | Other | Unobservable | December 31, | |||||||||||||||||||||||||||||||
Identical Assets | Observable | Inputs | 2012 | |||||||||||||||||||||||||||||||
and Liabilities | Inputs | (Level 3) | ||||||||||||||||||||||||||||||||
(Level 1) | (Level 2) | |||||||||||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||||
Long-term obligations (a) | $ | — | $ | 1,445,774 | $ | 416,317 | $ | 1,862,091 | ||||||||||||||||||||||||||
Derivative financial instruments (b) | $ | — | $ | 1,880 | $ | — | $ | 1,880 | ||||||||||||||||||||||||||
(a) | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644 as of December 31, 2012. | |||||||||||||||||||||||||||||||||
(b) | Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $1,880 at December 31, 2012. |
EquityBased_Compensation_Table
Equity-Based Compensation (Tables) | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Omni Bus Incentive Plan [Member] | TVUs [Member] | 2.25x PVU Employee Units [Member] | 2.75x PVU Employee Units [Member] | Converted Shares of Stock [Member] | Converted Shares of Stock [Member] | Converted Shares of Stock [Member] | Converted Shares of Stock [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
TVUs [Member] | 2.25x PVU Employee Units [Member] | 2.75x PVU Employee Units [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time Restricted Shares [Member] | 2.25x Performance Restricted Shares [Member] | 2.75x Performance Restricted Shares [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Employee Stock Performance Activity | ' | ' | ' | ' | ' | ' | ' | ' | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The activity related to the 2013 Grant for the nine months ended September 30, 2013, is as follows: | The activity related to the TVUs for the year ended December 31, 2012, is as follows: | The activity related to the 2.25x units for the year ended December 31, 2012, is as follows: | The activity related to the 2.75x units for the year ended December 31, 2012, is as follows: | The following table sets forth the number of Class D Units and Employee Units surrendered for shares of common stock prior to the consummation of the Company’s initial public offering: | The activity related to the TVU and Time Restricted share awards for the nine months ended September 30, 2013, is as follows: | The activity related to the 2.25x Performance Restricted shares for the nine months ended September 30, 2013, is as follows: | The activity related to the 2.75x Performance Restricted shares for the nine months ended September 30, 2013, is as follows: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares | Weighted | Weighted | Employee | Weighted | Weighted | Employee | Weighted | Employee | Weighted | Units | Shares of | Employee | Shares | Weighted | Weighted | Employee | Shares | Employee | Shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Average Grant | Average | Units | Average | Average | Units | Average | Units | Average Fair | Common Stock | Units | Average Grant | Average | Units | Units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Date Fair Value | Remaining | Grant Date | Remaining | Grant Date | Value | (not in thousands) | Date Fair Value | Remaining | (not in thousands) | (not in thousands) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per Share | Contractual | Fair Value | Contractual | Fair Value | (not in | Vested TVUs surrendered for shares of stock | 121,206 | 727,852 | per Share | Contractual | Outstanding 2.25x PVUs at December 31, 2012 | 225,051 | Outstanding 2.75x PVUs at December 31, 2012 | 225,051 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term | Term | (not in | thousands) | Class D Units surrendered for shares of stock | 29,240 | 221,290 | Term | Forfeited | (2,964 | ) | Forfeited | (2,964 | ) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(not in | (not in | thousands) | Outstanding-January 1, 2012 | 206,220 | $ | 8.88 | (not in thousands) | 2.25x PVUs surrendered for unvested 2.25x Performance Restricted shares of stock | (222,087 | ) | 1,308,752 | 2.75x PVUs surrendered for unvested 2.75x Performance Restricted shares of stock | (222,087 | ) | 1,308,752 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
thousands) | thousands) | Outstanding-January 1, 2012 | 206,220 | $ | 12.65 | Granted | 21,164 | 10.52 | Total Class D Units and vested TVUs surrendered for shares of stock | 150,446 | 949,142 | Outstanding unvested TVUs at December 31, 2012 | 112,701 | $ | 21.7 | Vested | — | Vested | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2013 Grant | Outstanding-January 1, 2012 | 134,109 | $ | 21.34 | Granted | 21,164 | 15.66 | Vested | — | — | Vested units | (8,788 | ) | $ | 22.71 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Granted: | Granted | 21,167 | 23.15 | Vested | — | — | Forfeited | (2,333 | ) | 8.88 | Unvested TVUs surrendered for unvested Time Restricted shares of stock | 103,913 | 599,215 | TVUs surrendered for unvested Time Restricted shares of stock | (103,913 | ) | 599,215 | $ | 4.06 | Outstanding unvested 2.25x Performance Restricted shares of stock at September 30, 2013 | — | 1,308,752 | Outstanding unvested 2.75x Performance Restricted shares of stock at September 30, 2013 | — | 1,308,752 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time Restricted 2013 shares vesting after initial public offering 180 day lock up period | 85,647 | $ | 33.52 | Vested | (39,775 | ) | 21.29 | Forfeited | (2,333 | ) | 12.65 | 2.25x PVUs surrendered for 2.25x Performance Restricted shares of stock | 222,087 | 1,308,752 | Vested shares | (31,675 | ) | $ | 3.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Time Restricted 2013 shares vesting over remaining service period | 82,290 | $ | 33.52 | Forfeited | (2,800 | ) | 21.34 | Outstanding-December 31, 2012 | 225,051 | 8.99 | 2.75x PVUs surrendered for 2.75x Performance Restricted shares of stock | 222,087 | 1,308,752 | Forfeited | (2,025 | ) | $ | 3.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.25x Performance Restricted 2013 shares | 163,310 | $ | 30.46 | Outstanding-December 31, 2012 | 225,051 | 13.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.75x Performance Restricted 2013 shares | 163,310 | $ | 23.05 | Outstanding-December 31, 2012 | 112,701 | 21.7 | 25.5 months | Total unvested TVUs and PVUs surrendered for shares of unvested restricted stock | 548,087 | 3,216,719 | Outstanding unvested Time Restricted shares of stock at September 30, 2013 | — | 565,515 | $ | 4.07 | 17 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Vested | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forfeited | (267 | ) | $ | 33.52 | Total units surrendered for shares of stock and unvested restricted stock | 698,533 | 4,165,861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding 2013 Grant unvested restricted shares at September 30, 2013 | 494,290 | $ | 29.05 | 16 months | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description_of_the_Business_an
Description of the Business and Basis of Presentation - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended | 1 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Apr. 24, 2013 | Apr. 24, 2013 |
Business | PartnershipUnit | Revenues [Member] | Revenues [Member] | Revenues [Member] | Initial Public Offering [Member] | Initial Public Offering Over-Allotment [Member] | |
PartnershipUnit | Business | Florida [Member] | Florida [Member] | Florida [Member] | |||
Business Description And Basis Of Presentation [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Number of limited partnerships which owned the Company | 10 | 10 | ' | ' | ' | ' | ' |
Number of theme parks owned and operated | 11 | 10 | ' | ' | ' | ' | ' |
Percentage of revenue | ' | ' | 55.00% | 56.00% | 56.00% | ' | ' |
Shares of common stock issued through initial public offering | ' | ' | ' | ' | ' | 10,000,000 | ' |
Net proceeds received from offering | $245,441 | ' | ' | ' | ' | $245,441 | ' |
Shares offered and sold by the selling shareholders | ' | ' | ' | ' | ' | 19,900,000 | 3,900,000 |
Recovered_Sheet1
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2009 |
Segment | ||||||
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $45,675 | $66,663 | $123,697 | $210,516 | $142,843 | $62,112 |
Interest capitalized | 5,791 | 5,600 | ' | ' | ' | ' |
Capitalized costs related to the computer system development costs | 2,694 | 2,009 | ' | ' | ' | ' |
Impairment losses | 0 | 0 | 0 | ' | ' | ' |
Self-insurance reserves | 23,509 | 23,189 | ' | ' | ' | ' |
Long-term deferred revenue | 6,315 | 8,109 | ' | ' | ' | ' |
Revenue and related expense for bartered ticket transactions | 19,628 | 19,734 | 17,149 | ' | ' | ' |
Advertising and media costs | 116,712 | 113,300 | 122,600 | ' | ' | ' |
Number of reportable segment | 1 | ' | ' | ' | ' | ' |
Computer System Development Costs [Member] | ' | ' | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
Estimated useful life | '5 years | ' | ' | ' | ' | ' |
Amounts Due From Third Party Credit Card Companies [Member] | ' | ' | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 15,076 | 13,165 | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
FDIC insured amount | $250 | ' | ' | ' | ' | ' |
Maximum [Member] | Animals [Member] | ' | ' | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
Estimated useful life | '40 years | ' | ' | ' | ' | ' |
Minimum [Member] | Animals [Member] | ' | ' | ' | ' | ' | ' |
Summary Of Significant Accounting Policies [Line Items] | ' | ' | ' | ' | ' | ' |
Estimated useful life | '1 year | ' | ' | ' | ' | ' |
Recovered_Sheet2
Summary of Significant Accounting Policies - Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2012 | |
Land Improvements [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '10 years |
Land Improvements [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '40 years |
Buildings [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '5 years |
Buildings [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '40 years |
Rides and Equipment [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '3 years |
Rides and Equipment [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '15 years |
Animals [Member] | Minimum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '1 year |
Animals [Member] | Maximum [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Estimated useful life | '40 years |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 12 Months Ended | 1 Months Ended | 1 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2009 | Dec. 31, 2009 | Nov. 30, 2012 |
SeaWorld LLC and SeaWorld Parks & Entertainment LLC [Member] | SeaWorld Orlando [Member] | Discovery Cove [Member] | Knott's Soak City [Member] | ||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Cost of acquired entity | ' | ' | ' | $2,300,000 | ' | ' | $15,000 |
Acquisition, through a capital contribution from the Partnership | ' | ' | ' | 1,010,000 | ' | ' | ' |
Debt issued | 3,000 | ' | ' | 1,460,000 | ' | ' | 3,000 |
Discount on issue of long term debt | ' | ' | ' | 34,000 | ' | ' | ' |
Maximum potential cash payment | ' | ' | ' | 400,000 | ' | ' | ' |
Aggregate fair value using valuation techniques | ' | ' | ' | 38,000 | ' | ' | ' |
Discount rate | ' | ' | ' | 16.00% | ' | ' | ' |
Goodwill | ' | ' | ' | ' | 269,332 | 66,278 | ' |
Goodwill impairments | 0 | 0 | 0 | ' | ' | ' | ' |
Additions to goodwill | 0 | 0 | 0 | ' | ' | ' | ' |
Payments in acquisition | $12,000 | ' | ' | ' | ' | ' | $12,000 |
Acquisitions_Purchase_Price_Al
Acquisitions - Purchase Price Allocation (Detail) (Knott's Soak City [Member], USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Knott's Soak City [Member] | ' |
Business Acquisition Purchase Price Allocation [Line Items] | ' |
Land | $12,100 |
Other property & equipment | 2,400 |
Non-compete agreement | 500 |
Total assets acquired | $15,000 |
Loss_Earnings_Per_Share_Schedu
(Loss) Earnings Per Share - Schedule of (Loss) Earnings Per Share (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Earnings Per Share [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Basic earnings per share, Shares | 89,610 | 82,461 | 86,867 | 82,480 | 82,480 | 81,392 | 80,800 |
Effect of dilutive incentive-based awards, Shares | 596 | 913 | 664 | 821 | 1,072 | 632 | ' |
Diluted earnings per share, Shares | 90,206 | 83,374 | 87,531 | 83,301 | 83,552 | 82,024 | 80,800 |
Basic earnings per share, Net Income | $120,199 | $92,257 | $63,985 | $86,243 | $77,444 | $19,113 | ($45,464) |
Basic (loss) earnings per share, Per Share Amount | $1.34 | $1.12 | $0.74 | $1.05 | $0.94 | $0.23 | ($0.56) |
Effect of dilutive incentive-based awards | 0 | ' | 0 | ' | ' | ' | ' |
Effect of dilutive incentive-based awards, Per Share Amount | $0 | ' | $0 | ' | ' | ' | ' |
Diluted earnings per share, Net Income | $120,199 | $92,257 | $63,985 | $86,243 | $77,444 | $19,113 | ($45,464) |
Diluted (loss) earnings per share, Per Share Amount | $1.33 | $1.11 | $0.73 | $1.04 | $0.93 | $0.23 | ($0.56) |
Inventories_Detail
Inventories (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Inventory Disclosure [Abstract] | ' | ' | ' |
Merchandise | ' | $31,435 | $27,937 |
Food and beverage | ' | 5,152 | 4,461 |
Supplies | ' | ' | 33 |
Inventories | $37,886 | $36,587 | $32,431 |
Prepaid_Expenses_and_Other_Cur2
Prepaid Expenses and Other Current Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract] | ' | ' | ' |
Prepaid insurance | ' | $8,157 | $7,152 |
Prepaid marketing and advertising costs | ' | 2,500 | 3,365 |
Deferred offering costs | ' | 3,665 | ' |
Other | ' | 3,495 | 1,735 |
Total | $14,170 | $17,817 | $12,252 |
Property_and_Equipment_Net_Com
Property and Equipment - Net - Components of Property and Equipment - Net (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | $2,452,229 | $2,343,561 | ' |
Less accumulated depreciation | -680,922 | -568,918 | -425,006 |
Total | 1,771,307 | 1,774,643 | 1,747,878 |
Land [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | 286,200 | 274,100 |
Land Improvements [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | 238,860 | 201,319 |
Buildings [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | 468,647 | 418,318 |
Rides and Equipment [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | 1,100,423 | 977,233 |
Animals [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | 161,194 | 161,144 |
Construction in Progress [Member] | ' | ' | ' |
Property, Plant and Equipment [Line Items] | ' | ' | ' |
Property plant and equipment | ' | $88,237 | $140,770 |
Property_and_Equipment_Net_Add
Property and Equipment - Net - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Property Plant And Equipment [Abstract] | ' | ' | ' |
Depreciation expense | $161,700 | $209,300 | $202,800 |
Trade_Names_and_Other_Intangib2
Trade Names and Other Intangible Assets - Net - Trade Names - Net (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Definite And Indefinite Lived Intangible Assets By Major Class [Line Items] | ' | ' |
Net Carrying Value, definite lives | $38,728 | ' |
Weighted Average Amortization Period, definite lives | '19 years 3 months 18 days | ' |
Trade Names [Member] | ' | ' |
Definite And Indefinite Lived Intangible Assets By Major Class [Line Items] | ' | ' |
Net Carrying Value, indefinite lives | 157,000 | 157,000 |
Gross Carrying Amount, definite lives | 11,000 | 11,000 |
Accumulated Amortization, definite lives | 3,392 | 2,291 |
Net Carrying Value, definite lives | 7,608 | 8,709 |
Gross Carrying Amount, total | 168,000 | 168,000 |
Accumulated Amortization, total | 3,392 | 2,291 |
Net Carrying Value, total | $164,608 | $165,709 |
Weighted Average Amortization Period, definite lives | '10 years | '10 years |
Trade_Names_and_Other_Intangib3
Trade Names and Other Intangible Assets - Net - Other Intangible Assets - Net (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Net Carrying Value, definite lives | $38,728 | ' |
Weighted Average Amortization Period, definite lives | '19 years 3 months 18 days | ' |
Other Intangible Assets [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount, definite lives | 41,000 | 40,500 |
Accumulated Amortization, definite lives | 9,880 | 6,663 |
Net Carrying Value, definite lives | 31,120 | 33,837 |
Other Intangible Assets [Member] | Favorable Lease Asset [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount, definite lives | 18,200 | 18,200 |
Accumulated Amortization, definite lives | 1,397 | 934 |
Net Carrying Value, definite lives | 16,803 | 17,266 |
Weighted Average Amortization Period, definite lives | '39 years | '39 years |
Other Intangible Assets [Member] | Reseller Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount, definite lives | 22,300 | 22,300 |
Accumulated Amortization, definite lives | 8,483 | 5,729 |
Net Carrying Value, definite lives | 13,817 | 16,571 |
Weighted Average Amortization Period, definite lives | '8 years 1 month 10 days | '8 years 1 month 10 days |
Other Intangible Assets [Member] | Non-compete Agreement [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross Carrying Amount, definite lives | 500 | ' |
Net Carrying Value, definite lives | $500 | ' |
Weighted Average Amortization Period, definite lives | '5 years | ' |
Trade_Names_and_Other_Intangib4
Trade Names and Other Intangible Assets - Net - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Goodwill And Intangible Assets Disclosure [Abstract] | ' | ' | ' |
Amortization | $4,300 | $4,300 | $4,300 |
Weighted Average amortization Period | '19 years 3 months 18 days | ' | ' |
Trade_Names_and_Other_Intangib5
Trade Names and Other Intangible Assets - Net - Schedule of Expected Amortization of Finite-Lived Intangible Assets (Detail) (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
2013 | $4,418 |
2014 | 4,418 |
2015 | 4,418 |
2016 | 4,418 |
2017 | 4,213 |
Thereafter | 16,843 |
Net Carrying Value, definite lives | $38,728 |
Other_Accrued_Expenses_Schedul
Other Accrued Expenses - Schedule of Other Accrued Expenses (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Payables And Accruals [Abstract] | ' | ' | ' |
Accrued property taxes | $11,108 | $1,974 | $1,644 |
Accrued interest | 9,791 | 3,877 | 4,908 |
Note payable | ' | 3,000 | ' |
Self-Insurance reserve | 7,800 | 7,800 | ' |
Other | 2,349 | 2,699 | 1,847 |
Total other accrued expenses | $31,048 | $19,350 | $8,399 |
LongTerm_Debt_Summary_of_LongT
Long-Term Debt - Summary of Long-Term Debt (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Mar. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 01, 2009 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Term Loan A [Member] | Term Loan A [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Term B-2 Loans [Member] | |||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | $1,661,487 | $1,845,774 | $1,439,543 | $152,000 | $159,500 | $1,293,774 | ' | $844,043 | $0 | $0 | $36,000 | $260,000 | $400,000 | $400,000 | ' | $1,401,487 |
Less discounts | -17,948 | -21,800 | -21,656 | ' | ' | ' | -6,245 | ' | ' | ' | ' | ' | -2,798 | -3,512 | -33,950 | ' |
Less current maturities | -14,050 | -21,330 | -52,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term debt, net of current maturities | $1,629,489 | $1,802,644 | $1,365,387 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Additional_Infor
Long-Term Debt - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | 14-May-13 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2011 | 31-May-13 | Aug. 23, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | 13-May-13 | 13-May-13 | 31-May-13 | Aug. 23, 2012 | 31-May-13 | Aug. 23, 2012 | 14-May-13 | Apr. 05, 2013 | Apr. 04, 2013 | Apr. 15, 2011 | Apr. 24, 2013 | Mar. 30, 2012 | Dec. 31, 2012 | Apr. 05, 2013 | Dec. 31, 2011 | Feb. 17, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | 14-May-13 | Sep. 30, 2013 | 14-May-13 | 14-May-13 | 14-May-13 | Apr. 24, 2013 | Dec. 31, 2009 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 05, 2013 | Mar. 30, 2012 | Dec. 31, 2011 | Dec. 01, 2009 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2009 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 05, 2013 | Apr. 05, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 24, 2013 | Dec. 31, 2012 | Apr. 05, 2013 | Dec. 31, 2011 | Feb. 17, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Feb. 17, 2011 | Apr. 15, 2011 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 |
Common Stock [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swap One [Member] | Interest Rate Swap One [Member] | Interest Rate Swap Two [Member] | Interest Rate Swap Two [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term Loan B [Member] | Term B-2 Loans [Member] | Term B-2 Loans [Member] | Term B-2 Loans [Member] | Term B-2 Loans [Member] | Term B-2 Loans [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Fourth Supplemental Indenture [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Second Supplemental Indenture [Member] | Second Supplemental Indenture [Member] | Second Supplemental Indenture [Member] | Second Supplemental Indenture [Member] | Senior Notes And Term B Loan [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loan A [Member] | Term Loans [Member] | Term B Loan Refinanced To Term A Loan [Member] | Senior Secured Credit Facilities [Member] | Senior Secured Credit Facilities [Member] | Senior Secured Credit Facilities [Member] | |||||||||
Swap | Swap | Swap | Swap | Minimum [Member] | Maximum [Member] | Maximum [Member] | Federal Funds Rate [Member] | Base Rate Loan [Member] | LIBOR Rate Loan [Member] | Federal Funds Rate [Member] | Base Rate Loan [Member] | LIBOR Rate Loan [Member] | Alternative Maturity Date [Member] | Partnership Units [Member] | Partnership Units [Member] | Common Stock [Member] | Prior to December 1, 2014 [Member] | Prior to December 1, 2014 [Member] | Prior to December 1, 2014 [Member] | On or After December 1, 2014 [Member] | On or After December 1, 2014 [Member] | On or After December 1, 2015 [Member] | On or After December 1, 2015 [Member] | Short-Term Loans [Member] | Letter of Credit [Member] | LIBOR Rate Loan [Member] | Revised [Member] | Revised [Member] | Minimum [Member] | Maximum [Member] | Federal Funds Rate [Member] | Base Rate Loan [Member] | LIBOR Rate Loan [Member] | Tranches | Subject to SEA attaining certain total leverage ratios [Member] | Subject to SEA attaining certain total leverage ratios [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||
Equity Offering [Member] | Minimum [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of tranches | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' |
Aggregate principal amount of debt instrument | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $900,000 | ' | ' | ' | ' | $1,405,000 | ' | ' | ' | ' | ' | $400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amounts of outstanding long-term debt (In USD) | ' | 1,661,487 | ' | 1,661,487 | ' | 1,845,774 | 1,439,543 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,293,774 | ' | 844,043 | ' | ' | ' | ' | ' | ' | 1,401,487 | ' | ' | ' | ' | ' | 260,000 | 400,000 | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 36,000 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | 152,000 | ' | 159,500 | ' | ' | ' | ' | ' | ' | ' | 17,000 | ' | ' | ' |
Senior secured revolving credit facility existing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 192,500 | 172,500 | 172,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from issuance of debt | ' | ' | ' | 1,455 | 487,163 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17-Aug-17 | ' | ' | ' | 14-May-20 | ' | ' | ' | ' | ' | 1-Dec-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17-Feb-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17-Feb-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,293,744 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt, maturity description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Mature on the earlier of (i) August 17, 2017 or (ii) the 91st day prior to the maturity of the Senior Notes, if more than $50 million of debt with respect to the Senior Notes is outstanding as of such date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The new senior secured revolving credit facility will mature on the earlier of (a) April 24, 2018 or (b) the 91st day prior to the earlier of (1) the maturity date with respect to Term A Loans with an aggregate principal amount greater than $50,000 outstanding, (2) the maturity date with respect to the Term B Loans with an aggregate principal amount greater than $150,000 outstanding, (3) the maturity date of Senior Notes (also referred to as bMezzanine Debtb) with an aggregate principal amount greater than $50,000 outstanding and (4) the maturity date of any indebtedness incurred to refinance any of the Term A or Term B Loans or the Mezzanine Debt. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of days used to calculate maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '91 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '91 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount at maturity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Borrowings under the Tranche B Term Loans bear interest, at SEA's option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) the Bank of America's prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the BBA LIBOR rate for the interest period relevant to such borrowing. | ' | ' | ' | ' | ' | ' | ' | 'Borrowings under the Term B-2 Loans bear interest, at SEA's option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) the Bank of America's prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the British Bankers Association ("BBA") LIBOR rate for the interest period relevant to such borrowing. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Borrowings related to the Tranche A Term Loans and the revolving credit facility bear interest, at SEA's option, at a rate equal to a margin over either (a) a base rate determined by reference to the higher of (1) Bank of America's prime lending rate and (2) the federal funds effective rate plus 1/2 of 1% or (b) a LIBOR rate determined by reference to the British Bankers Association ("BBA") LIBOR rate for the interest period relevant to such borrowing. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Margin for Term Loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 2.00% | 3.00% | ' | ' | 0.50% | 1.25% | 2.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.50% | 1.75% | 2.75% | ' | ' | ' | ' | ' |
Basis point step-down in applicable margin, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The applicable margin for the Term B-2 Loans (under either a base rate or LIBOR rate) is subject to one 25 basis point step-down upon achievement by SEA of a certain leverage ratio. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'In the case of base rate loans, and 2.75%, in the case of LIBOR rate loans, subject to a step-down of 0.25% upon achievement of a secured leverage ratio less than or equal to 2.25 to 1.00. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Step down on applicable margin upon achievement of certain leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Secured leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 2.25 | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.92% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.92% | ' | ' | ' | ' | ' |
Floor rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.00% | 1.00% | ' | ' | ' | 1.75% | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Quarterly installments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,457 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,875 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of annual excess cash flow used to prepay outstanding loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 0.00% | 25.00% |
Percentage of net proceeds from sale of non-ordinary assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Percentage of net proceeds incurrence of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Percentage of equity interest owned | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' |
Line of credit facility collateral description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The Senior Secured Credit Facilities are collateralized by first priority or equivalent security interests, subject to certain exceptions, in (i)B all the capital stock of, or other equity interests in, substantially all of the Companybs direct or indirect domestic subsidiaries and 65% of the capital stock of, or other equity interests in, any foreign subsidiaries and (ii)B certain tangible and intangible assets of SEA and the Company. Certain financial, affirmative and negative covenants, including a maximum total net leverage ratio and minimum interest coverage ratio, are included in the Senior Secured Credit Facilities. | ' | ' |
Percentage of capital stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 65.00% | ' | ' |
Discount on borrowings | ' | 17,948 | ' | 17,948 | ' | 21,800 | 21,656 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,245 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,798 | ' | ' | 3,512 | 33,950 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Letter of credit available amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 160,931 | 124,707 | 174,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Duration of loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility maturity date, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'All amounts outstanding under the revolving credit commitment are due on February 17, 2016, except for borrowings under the short term loans, which are payable within five business days of the original borrowing. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility, maturity date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17-Feb-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility, amount outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 36,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revolving credit facility, interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.99% | 2.99% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding letters of credit | ' | 18,500 | ' | 18,500 | ' | 11,600 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 13.50% | 11.00% | 11.00% | ' | 13.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes redemption percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption price for Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 111.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | 111.00% | 105.50% | 105.50% | 102.75% | 102.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of Senior Notes principle amount used to calculate applicable premium | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption of Senior Notes, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Prior to December 1, 2014, the Company may redeem some or all of the Senior Notes at a price equal to 100% of the principal amount of the Senior Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date, subject to the right of the holders of record on the relevant record date to receive interest due on the relevant interest payment date. The bApplicable Premiumb is defined as the greater of (1) 1.0% of the principal amount of the Senior Notes and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of the Senior Notes at December 1, 2014 plus (ii) all required interest payments due on the Senior Notes through December 1, 2014 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate plus 50 basis points over (b) the principal amount of the Senior Notes. | 'Prior to December 1, 2014, the Company may redeem some or all of the Senior Notes at a price equal to 100% of the principal amount of Senior Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest to, the redemption date, subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date. The bApplicable Premiumb is defined as the greater of (1) 1.0% of the principal amount of the Senior Notes and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of the Senior Notes at December 1, 2014 plus (ii) all required interest payments due on the Senior Notes through December 1, 2014 (excluding accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate plus 50 basis points over (b) the principal amount of the Senior Notes. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis points over the principal balance of the Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50 | 50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument covenant leverage ratio, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The Second Supplemental Indenture also increased the minimum covenant leverage ratio from 2.75 to 1.00 to 3.00 to 1.00. | 'The Second Supplemental Indenture also increased the minimum covenant leverage ratio from 2.75 to 1.00 to 3.0 to 1.0. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum covenant leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.75 | 2.75 | 3 | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discount per $1,000 of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80.72 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrant issued in connection with senior note | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 808,000 | ' | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per unit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional paid-in capital and a discount on the Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Warrants exercised | ' | ' | ' | ' | ' | ' | ' | ' | 808,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 808,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid for interest | ' | 11,804 | 15,026 | 59,685 | 66,201 | 102,551 | 97,575 | 121,239 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing costs, gross | ' | ' | ' | ' | ' | 77,546 | 77,546 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred financing costs, net | ' | 34,275 | ' | 34,275 | ' | 44,103 | 39,232 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payment of financing costs | ' | ' | ' | ' | ' | 15,046 | 5,926 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 416,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Discount rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of portion of Term Loan B | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 140,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Redemption premium included in early extinguishment of debt | ' | ' | ' | 15,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,400 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write-off of discounts and deferred financing costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Basis point step down on applicable margin upon achievement of certain leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LIBOR interest rate | ' | 3.00% | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Permitted increased commitments under the Revolving Credit Facility in aggregate principal amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 350,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percent of original principal amount on effective date used to calculate aggregate annual amount which will amortize in equal quarterly installments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum first lien secured net leverage ratio | 3.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Written off of debt issuance cost | 11,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capitalized fees | ' | ' | ' | 13,968 | 7,024 | 7,024 | 5,926 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum termination fee payment allowed for the Advisory Agreement termination | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of interest rate swap held | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | 2 | 2 | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notional amount of Interest rate swap | ' | ' | ' | ' | ' | ' | ' | ' | ' | $550,000 | $550,000 | $550,000 | $550,000 | ' | ' | $275,000 | $275,000 | $275,000 | $275,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity of interest rate swap | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Sep-16 | 30-Sep-16 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed rate of interest on swaps | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.25% | ' | ' | 1.05% | 1.05% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LongTerm_Debt_Summary_of_LongT1
Long-Term Debt - Summary of Long-Term Debt Repayable (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Maturities Of Long Term Debt [Abstract] | ' | ' | ' |
2013 | $3,512 | ' | ' |
2013 | ' | 21,330 | ' |
2014 | 14,050 | 21,330 | ' |
2015 | 14,050 | 21,330 | ' |
2016 | 274,050 | 1,781,784 | ' |
2017 | 14,050 | ' | ' |
Thereafter | 1,341,775 | ' | ' |
Total | $1,661,487 | $1,845,774 | $1,439,543 |
Income_Taxes_Schedule_of_Provi
Income Taxes - Schedule of Provision for (Benefit from) Income Taxes (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Current income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | ($70) | ($70) | ' |
State | ' | ' | ' | ' | 542 | 1,277 | ' |
Foreign | ' | ' | ' | ' | 31 | 24 | ' |
Total current income tax provision | ' | ' | ' | ' | 503 | 1,231 | ' |
Deferred income tax provision (benefit): | ' | ' | ' | ' | ' | ' | ' |
Federal | ' | ' | ' | ' | 37,873 | 11,429 | -24,074 |
State | ' | ' | ' | ' | 1,106 | 768 | -5,167 |
Total deferred income tax provision (benefit) | ' | ' | 31,930 | 58,273 | 38,979 | 12,197 | -29,241 |
Total income tax provision (benefit) | $64,390 | $62,297 | $31,930 | $58,273 | $39,482 | $13,428 | ($29,241) |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Income Taxes Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Cash paid for income taxes | ' | ' | ' | ' | $767 | $513 | $0 |
Uncertain tax position, current | ' | ' | ' | ' | 0 | ' | ' |
Federal tax net operating loss carryforwards | ' | ' | ' | ' | $556,000 | ' | ' |
Effective tax rate | 34.90% | 40.30% | 33.30% | 40.30% | 33.77% | 41.26% | 39.14% |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' |
Income Taxes Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Year federal net operating loss carry forwards begin to expire | ' | ' | ' | ' | '2029 | ' | ' |
Tax years that remain subject to examination by tax authorities | ' | ' | ' | ' | '2009 | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' |
Income Taxes Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Tax years that remain subject to examination by tax authorities | ' | ' | ' | ' | '2012 | ' | ' |
Income_Taxes_Components_of_Def
Income Taxes - Components of Deferred Income Tax Assets and Liabilities (Detail) (USD $) | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||
Deferred income tax assets: | ' | ' |
Acquisition costs | $22,651 | $23,866 |
Net operating loss | 222,702 | 197,241 |
Self-insurance | 7,912 | 7,507 |
Deferred revenue | 1,077 | 3,337 |
Other | 5,736 | 2,477 |
Total deferred income tax assets | 260,078 | 234,428 |
Deferred income tax liabilities: | ' | ' |
Property and equipment | -199,836 | -146,002 |
Goodwill | -21,028 | -14,030 |
Amortization | -11,307 | -8,429 |
Other | -4,146 | -3,872 |
Total deferred income tax liabilities | -236,317 | -172,333 |
Net deferred income tax assets | $23,761 | $62,095 |
Income_Taxes_Schedule_of_Recon
Income Taxes - Schedule of Reconciliation Between U.S. Federal Statutory Income Tax Rate and Company's Effective Income Tax Provision Rate (Detail) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Income Tax Disclosure [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Income tax rate at federal statutory rates | ' | ' | ' | ' | 35.00% | 35.00% | 35.00% |
State taxes, net of federal benefit | ' | ' | ' | ' | 1.36% | 5.57% | 3.67% |
Other | ' | ' | ' | ' | -2.59% | 0.69% | 0.47% |
Income tax rate | 34.90% | 40.30% | 33.30% | 40.30% | 33.77% | 41.26% | 39.14% |
Commitments_and_Contingencies_1
Commitments and Contingencies -Schedule of Operating Lease Requiring Annual Minimum Lease Payments (Detail) (USD $) | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |
Commitments And Contingencies Disclosure [Abstract] | ' |
2013 | $12,983 |
2014 | 12,803 |
2015 | 12,806 |
2016 | 11,993 |
2017 | 12,009 |
Thereafter | 298,109 |
Total | $360,703 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Additional Information (Detail) (USD $) | 1 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jan. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Commitments And Contingencies Disclosure [Abstract] | ' | ' | ' | ' |
Rental expense | ' | $23,886 | $22,119 | $19,719 |
Lease term | ' | '50 years | ' | ' |
Lease expiration date | ' | 1-Jul-48 | ' | ' |
Minimum annual rent payment | 9,600 | ' | ' | ' |
Date the current minimum annual rent payment remain in effect | ' | 1-Jan-14 | ' | ' |
Additional capital payments | ' | $121,000 | ' | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Activities - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | 31-May-13 | Dec. 31, 2012 | Aug. 23, 2012 |
Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | Interest Rate Swaps [Member] | ||||
Swap | Swap | Swap | Swap | ||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Notional amount interest rate swap | ' | ' | ' | $550,000 | $550,000 | $550,000 | $550,000 |
Number of outstanding interest rate derivatives | ' | ' | ' | 2 | 2 | 2 | 2 |
Reclassified as an increase to interest expense | ' | 1,567 | 1,360 | ' | ' | ' | ' |
Tax benefit on unrealized loss on derivatives | -675 | 741 | -627 | ' | ' | ' | ' |
Termination value of derivatives in net asset position | $348 | $348 | $1,929 | ' | ' | ' | ' |
Derivative_Instruments_and_Hed3
Derivative Instruments and Hedging Activities - Fair Value of the Company's Derivative Financial Instruments Classification on Unaudited Condensed Consolidated Balance Sheet (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Other Assets [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Asset Derivatives Fair Value | $347 | ' |
Other Assets [Member] | Interest Rate Swaps [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Asset Derivatives Fair Value | 347 | ' |
Other Liabilities [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Liability Derivatives Fair Value | ' | 1,880 |
Other Liabilities [Member] | Interest Rate Swaps [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Liability Derivatives Fair Value | ' | $1,880 |
Derivative_Instruments_and_Hed4
Derivative Instruments and Hedging Activities - Schedule of Pre-tax Effect of Derivative Financial Instruments on Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Derivatives in Cash Flow Hedging Relationships: | ' | ' | ' |
(Loss) gain related to effective portion of derivatives recognized in accumulated other comprehensive income | ($1,380) | $3,338 | ($1,522) |
Gain (loss) related to effective portion of derivatives reclassified from accumulated other comprehensive income to interest expense | -422 | -1,144 | -358 |
Gain (loss) related to ineffective portion of derivatives recognized in other income (expense) | ' | ' | ' |
Fair_Value_Measurements_Additi
Fair Value Measurements - Additional Information (Detail) (Significant Unobservable Inputs (Level 3) [Member]) | 9 Months Ended | 12 Months Ended |
Sep. 30, 2013 | Dec. 31, 2012 | |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Fair Value Inputs, Liabilities, Quantitative Information [Line Items] | ' | ' |
Discount rate of Senior Notes | 10.41% | 10.48% |
Fair_Value_Measurements_Schedu
Fair Value Measurements - Schedule of Liabilities Measured at Fair Value (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | |||||
Liabilities: | ' | ' | ' | ||
Letters of Credit | ' | $11,569 | ' | ||
Long-term obligations | 1,671,114 | [1] | 1,862,091 | [2],[3] | 1,468,543 |
Derivative financial instruments | ' | 1,880 | [4],[5] | ' | |
Assets: | ' | ' | ' | ||
Derivative financial instruments | 347 | [6] | ' | ' | |
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | ' | ' | ' | ||
Liabilities: | ' | ' | ' | ||
Letters of Credit | ' | ' | ' | ||
Long-term obligations | ' | [1] | ' | [2],[3] | ' |
Derivative financial instruments | ' | ' | [4],[5] | ' | |
Assets: | ' | ' | ' | ||
Derivative financial instruments | ' | [6] | ' | ' | |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' | ' | ||
Liabilities: | ' | ' | ' | ||
Letters of Credit | ' | 11,569 | ' | ||
Long-term obligations | 1,401,487 | [1] | 1,445,774 | [2],[3] | ' |
Derivative financial instruments | ' | 1,880 | [4],[5] | ' | |
Assets: | ' | ' | ' | ||
Derivative financial instruments | 347 | [6] | ' | ' | |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ||
Liabilities: | ' | ' | ' | ||
Letters of Credit | ' | ' | ' | ||
Long-term obligations | 269,627 | [1] | 416,317 | [2],[3] | ' |
Derivative financial instruments | ' | ' | [4],[5] | ' | |
Assets: | ' | ' | ' | ||
Derivative financial instruments | ' | [6] | ' | ' | |
[1] | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,629,489 as of September 30, 2013. | ||||
[2] | Reflected at carrying value in the consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644. As of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, was $1,417,887 and $1,468,543, respectively. | ||||
[3] | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644 as of December 31, 2012. | ||||
[4] | Reflected at fair value in the consolidated balance sheet as other liabilities of $1,880. | ||||
[5] | Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $1,880 at December 31, 2012. | ||||
[6] | Reflected at fair value in the unaudited condensed consolidated balance sheet as other assets of $347. There were no transfers between Levels 1, 2 or 3 during the three or nine months ended September 30, 2013. |
Fair_Value_Measurements_Schedu1
Fair Value Measurements - Schedule of Liabilities Measured at Fair Value (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
In Thousands, unless otherwise specified | |||||
Fair Value Disclosures [Abstract] | ' | ' | ' | ||
Current maturities on long-term debt | $14,050 | $21,330 | $52,500 | ||
Long-term debt | 1,629,489 | 1,802,644 | 1,365,387 | ||
Long-term obligations | 1,671,114 | [1] | 1,862,091 | [2],[3] | 1,468,543 |
Current and long term debt | ' | ' | 1,417,887 | ||
Derivative financial instruments | ' | 1,880 | [4],[5] | ' | |
Derivative financial instruments | $347 | [6] | ' | ' | |
[1] | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,629,489 as of September 30, 2013. | ||||
[2] | Reflected at carrying value in the consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644. As of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, was $1,417,887 and $1,468,543, respectively. | ||||
[3] | Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $21,330 and long-term debt of $1,802,644 as of December 31, 2012. | ||||
[4] | Reflected at fair value in the consolidated balance sheet as other liabilities of $1,880. | ||||
[5] | Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $1,880 at December 31, 2012. | ||||
[6] | Reflected at fair value in the unaudited condensed consolidated balance sheet as other assets of $347. There were no transfers between Levels 1, 2 or 3 during the three or nine months ended September 30, 2013. |
RelatedParty_Transactions_Addi
Related-Party Transactions - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | ||||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 30, 2012 | Sep. 30, 2013 | Mar. 30, 2012 | Sep. 29, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Apr. 24, 2013 | Mar. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Feb. 28, 2010 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2010 | Dec. 31, 2010 |
Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Blackstone and Affiliates [Member] | Anheuser Busch Inbev Worldwide Inc [Member] | Anheuser Busch Inbev Worldwide Inc [Member] | Anheuser Busch Inbev Worldwide Inc [Member] | Anheuser Busch Inbev Worldwide Inc [Member] | Anheuser Busch Inbev Worldwide Inc [Member] | |||||||||||
Transition Services Agreement [Member] | Transition Services Agreement [Member] | Transition Services Agreement [Member] | Minimum [Member] | Maximum [Member] | |||||||||||||||||||||||
Transition Services Agreement [Member] | Transition Services Agreement [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Advisory Agreement, fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $2,264 | ' | $2,799 | $5,075 | $6,201 | $6,012 | $4,704 | ' | ' | ' | ' | ' |
Revenue from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,400 | ' | ' | ' | ' | 18,400 | ' | ' | ' | ' | ' |
Related Party Transactions Agreement Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '6 months | ' | ' |
Service rate per month | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 190 |
Extensions charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 33.00% | ' | ' |
Related Party costs under TSA | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 624 | 0 | 4,860 | ' | ' |
Agreement termination date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24-Apr-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Termination fee paid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write off of 2013 Prepaid advisory fees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,772 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Termination of advisory agreement | ' | ' | ' | ' | ' | ' | 50,072 | ' | ' | ' | ' | ' | 50,072 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash dividend declared | $0.20 | $0.20 | ' | $0.20 | ' | ' | $0.40 | $6.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend declared to stockholders | ' | ' | $500,000 | ' | $500,000 | $110,100 | $36,144 | ' | $500,000 | $110,100 | $11,749 | $11,749 | ' | $500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retirement_Plan_Additional_Inf
Retirement Plan - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Retirement Plan [Line Items] | ' | ' | ' |
Define benefit plan employer contribution description | 'The Company makes matching cash contributions subject to certain restrictions, structured as a 100% match on the first 1% contributed by the employee and a 50% match on the next 5% contributed by the employee. | ' | ' |
Defined contribution plan, employer contributions | $8,767 | $7,345 | $6,165 |
First 1% [Member] | ' | ' | ' |
Retirement Plan [Line Items] | ' | ' | ' |
Employer matching percentage | 100.00% | ' | ' |
Percentage of gross pay matched | 1.00% | ' | ' |
Second 5% [Member] | ' | ' | ' |
Retirement Plan [Line Items] | ' | ' | ' |
Employer matching percentage | 50.00% | ' | ' |
Percentage of gross pay matched | 5.00% | ' | ' |
EquityBased_Compensation_Addit
Equity-Based Compensation - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Apr. 24, 2013 | Apr. 24, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 19, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Initial Public Offering [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Plan and 2013 Grants [Member] | Units Surrendered For Shares Plan [Member] | 2013 Omni Bus Incentive Plan [Member] | 2013 Omni Bus Incentive Plan [Member] | 2013 Grant [Member] | 2013 Grant [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | Time Vesting Units And Time Restricted Shares [Member] | Time Vesting Units And Time Restricted Shares [Member] | Time Vesting Units And Time Restricted Shares [Member] | Time Vesting Units And Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | 2.25x PVU Employee Units [Member] | 2.25x PVU Employee Units [Member] | 2.75x PVU Employee Units [Member] | 2.75x PVU Employee Units [Member] | Employee Unit Incentive Plan [Member] | 2.25x Performance Restricted Shares [Member] | 2.25x Performance Restricted Shares [Member] | 2.75x Performance Restricted Shares [Member] | 2.75x Performance Restricted Shares [Member] | Common Stock [Member] | Vested And Unvested Time Vesting Units, Performance Vesting Units Surrendered for Shares Of Stock And Unvested Restricted Stock [Member] | Class D Units surrendered for shares of stock [Member] | Class D Units surrendered for shares of stock [Member] | Class D Units and vested TVUs surrendered for shares of stock [Member] | Class D Units and vested TVUs surrendered for shares of stock [Member] | Unvested TVUs and PVUs surrendered for shares of unvested restricted stock [Member] | Unvested TVUs and PVUs surrendered for shares of unvested restricted stock [Member] | Vested Time Vesting Units Surrendered For Shares Of Stock [Member] | Vested Time Vesting Units Surrendered For Shares Of Stock [Member] | Vested Time Vesting Units Surrendered For Shares Of Stock [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | ||
Tranches | Minimum [Member] | Minimum [Member] | Maximum [Member] | Maximum [Member] | Tranches | Minimum [Member] | Minimum [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Units Surrendered For Shares Plan [Member] | After Lock Up Period [Member] | After Lock Up Period [Member] | Over Remaining Service Period [Member] | Over Remaining Service Period [Member] | 2013 Grant [Member] | 2013 Omni Bus Incentive Plan [Member] | 2013 Grant [Member] | 2013 Omni Bus Incentive Plan [Member] | 2013 Grant [Member] | Units Surrendered For Shares Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Common Stock [Member] | Employee Unit Incentive Plan [Member] | Common Stock [Member] | Employee Unit Incentive Plan [Member] | Common Stock [Member] | Employee Unit Incentive Plan [Member] | Common Stock [Member] | Employee Unit Incentive Plan [Member] | Common Stock [Member] | |||||||||||||||||||||||
2013 Omni Bus Incentive Plan [Member] | 2013 Grant [Member] | 2013 Omni Bus Incentive Plan [Member] | 2013 Grant [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Time Restricted Shares [Member] | ||||||||||||||||||||||||||||||||||||||||||||||
Units Surrendered For Shares Plan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Unit Incentive Plan terms | ' | ' | 'Under the Employee Unit Plan, the Partnerships granted Employee Units to certain key employees of SEA (bEmployee Units). The Employee Units which were granted were accounted for as equity awards and were divided into three tranches, Time-Vesting Units (bTVUsb), 2.25x Performance Vesting Units (bPVUsb) and 2.75x PVUs. Upon vesting of the Employee Units, the Company issued the corresponding number of shares of common stock of the Company to the Partnerships. There was no related cost to the employee upon vesting of the units | 'In 2011 and 2012, the Partnerships granted employee units to certain key employees of SEA. Upon vesting of the employee units, the Company issues the corresponding number of shares of common stock of the Company to the Partnerships. There is no related cost to the employee upon vesting of the units. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total number of award units authorized | ' | ' | ' | 750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total number of employee units granted | ' | ' | ' | 721,401 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 240,470 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of tranches for each equity award | ' | ' | ' | 3 | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Portion of employee units originally granted that were TVUs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'One-third | 'One-third | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vesting period of Employee Units granted, years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vesting percentage per year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 20.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage interest a general partner or beneficial owner other than Blackstone needs to obtain more of | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of vesting upon change of control | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Recognized compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,876 | $3,167 | ' | $1,191 | $823 | ' | ' | ' | ' | ' | $606 | $305 | $1,537 | $872 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,702 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,706 | ' | 491 | ' | 1,961 | 28,125 | 2,900 | 18,846 | 2,000 | ' | ' | 4,974 | ' | 3,764 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrecognized compensation cost, recognition period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units granted, number of units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 219,303 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85,647 | ' | 82,290 | ' | ' | ' | ' | ' | ' | 163,310 | ' | 163,310 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units granted, weighted average fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $23.15 | $21.34 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $33.52 | ' | $33.52 | ' | ' | $15.66 | ' | $10.52 | ' | $30.46 | ' | $23.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annualized effective compounded return rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 20.00% | 15.00% | 15.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Return on investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 225.00% | 225.00% | 275.00% | 275.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Grant date fair value measuring method | ' | ' | 'The fair value of each Employee Unit originally granted was estimated on the date of grant using a composite of the discounted cash flow model and the guideline public company approach to determine the underlying enterprise value. | 'The fair value of each employee unit granted was estimated on the date of grant using a composite of the discounted cash flow model and the guideline public company approach to determine the underlying enterprise value. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The grant date fair value of the 2.25x and 2.75x Performance Restricted 2013 shares was measured using the asset-or-nothing option pricing model. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, holding period | ' | ' | ' | ' | '2 years 7 months 6 days | '2 years 7 months 6 days | '3 years 7 months 6 days | '3 years 7 months 6 days | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, risk free rate | ' | ' | ' | ' | 0.33% | 0.33% | 1.22% | 1.22% | ' | 0.24% | ' | ' | ' | 0.24% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, volatility | ' | ' | ' | ' | 49.00% | 49.00% | 57.00% | 57.00% | ' | ' | ' | ' | ' | 33.20% | ' | ' | ' | ' | ' | ' | ' | 37.60% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, discount for lack of marketability | ' | ' | ' | ' | 31.00% | 31.00% | 53.00% | 53.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assumptions, dividend yield | ' | ' | 0.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee Unit fair value input discount rate | ' | ' | 10.50% | 10.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Surrender of units to shares of stock (in units) | ' | ' | 698,533 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 669,293 | 29,240 | ' | 150,446 | ' | 548,087 | ' | ' | 121,206 | ' | ' | 103,913 | ' |
Shares provided for surrender of units, in shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,165,861 | ' | ' | 221,290 | ' | 949,142 | ' | 3,216,719 | ' | ' | 727,852 | ' | ' | 599,215 |
Incremental equity compensation cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $282 | ' | ' | $220 | ' | ' |
Shares of common stock issued through initial public offering, per share | ' | $27 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock reserved for future issuance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock granted to directors, officers and employees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 494,557 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initial public offering lock up period | '180 days | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares available for future issuance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 14,505,710 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares withheld from employees to satisfy minimum tax withholding obligation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,937 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
EquityBased_Compensation_Sched
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (Time-Vesting Units) (Detail) (TVUs [Member], USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2011 | |
TVUs [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Employee Units, Outstanding, Beginning Balance | 134,109 | ' |
Employee Units, Vested | -39,775 | ' |
Employee Units, Forfeited | -2,800 | ' |
Employee Units, Outstanding, Ending Balance | 112,701 | 134,109 |
Weighted average fair value of outstanding, Beginning balanace (in USD per share/unit) | $21.34 | ' |
Weighted Average Grant Date Fair Value, Granted (in USD per unit) | $23.15 | $21.34 |
Weighted Average Grant Date Fair Value, Vested (in USD per unit) | $21.29 | ' |
Weighted Average Grant Date Fair Value, Forfeited (in USD per unit) | $21.34 | ' |
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in USD per unit) | $21.70 | $21.34 |
Weighted Average Remaining Contractual Term, Outstanding, Ending Balance | '25 months 15 days | ' |
EquityBased_Compensation_Sched1
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (2.25x Performance Vesting Units) (Detail) (2.25x PVU Employee Units [Member], USD $) | 12 Months Ended |
Dec. 31, 2012 | |
2.25x PVU Employee Units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Employee Units, Outstanding, Beginning Balance | 206,220 |
Employee Units, Granted | 21,164 |
Employee Units, Vested | ' |
Employee Units, Forfeited | -2,333 |
Employee Units, Outstanding, Ending Balance | 225,051 |
Weighted average fair value of outstanding, Beginning balanace (in USD per share/unit) | $12.65 |
Weighted Average Grant Date Fair Value, Granted (in USD per unit) | $15.66 |
Weighted Average Grant Date Fair Value, Vested (in USD per unit) | ' |
Weighted Average Grant Date Fair Value, Forfeited (in USD per unit) | $12.65 |
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in USD per unit) | $13.06 |
EquityBased_Compensation_Sched2
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (2.75x Performance Vesting Units) (Detail) (2.75x PVU Employee Units [Member], USD $) | 12 Months Ended |
Dec. 31, 2012 | |
2.75x PVU Employee Units [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Employee Units, Outstanding, Beginning Balance | 206,220 |
Employee Units, Granted | 21,164 |
Employee Units, Vested | ' |
Employee Units, Forfeited | -2,333 |
Employee Units, Outstanding, Ending Balance | 225,051 |
Weighted average fair value of outstanding, Beginning balanace (in USD per share/unit) | $8.88 |
Weighted Average Grant Date Fair Value, Granted (in USD per unit) | $10.52 |
Weighted Average Grant Date Fair Value, Vested (in USD per unit) | ' |
Weighted Average Grant Date Fair Value, Forfeited (in USD per unit) | $8.88 |
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in USD per unit) | $8.99 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||||||||||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Jun. 30, 2013 | Apr. 08, 2013 | Mar. 30, 2012 | Sep. 30, 2013 | Mar. 30, 2012 | Sep. 29, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 24, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 24, 2013 | Apr. 24, 2013 | Apr. 24, 2013 | Apr. 24, 2013 | Apr. 24, 2013 | Apr. 24, 2013 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2011 |
2.25x Performance Restricted Shares [Member] | 2.75x Performance Restricted Shares [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | Initial Public Offering [Member] | Initial Public Offering [Member] | Initial Public Offering [Member] | Initial Public Offering Over-Allotment [Member] | Equity Offering [Member] | Equity Offering [Member] | Partnership [Member] | The Partnerships [Member] | Common Stock [Member] | Common Stock [Member] | ||||||||||||
Prior to December 1, 2014 [Member] | Prior to December 1, 2014 [Member] | Senior Notes [Member] | Term Loan B [Member] | Senior Notes [Member] | Senior Notes [Member] | Senior Notes [Member] | ||||||||||||||||||||
Prior to December 1, 2014 [Member] | ||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock shares issued for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000,000 | ' | ' | ' | ' | ' | 233,920 | ' | ' | ' |
Consideration amount for shares issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,736 | ' | ' | ' |
Warrants exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 101,000 | ' | ' |
Warrants exercised | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 808,000 | 808,000 |
Dividend declared to stockholders | ' | ' | ' | 500,000 | ' | 500,000 | 110,100 | 36,144 | ' | 500,000 | 110,100 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares issued | 89,626,525 | ' | ' | ' | 89,626,525 | ' | ' | 89,626,525 | ' | 82,737,008 | 82,418,808 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares outstanding | 89,626,525 | ' | ' | ' | 89,626,525 | ' | ' | 89,626,525 | ' | 82,737,008 | 82,418,808 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested shares of common stock | 3,677,309 | ' | ' | ' | 3,677,309 | ' | ' | 3,677,309 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split description | ' | ' | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. The Company's historical share and per share information has been retroactively adjusted to give effects to this stock split. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split conversion ratio | ' | ' | 8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, par value | $0.01 | ' | ' | ' | $0.01 | ' | ' | $0.01 | ' | $0.01 | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | 1,000,000,000 | ' | ' | ' | 1,000,000,000 | ' | ' | 1,000,000,000 | ' | 1,000,000,000 | 1,000,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, shares authorized | 100,000,000 | ' | ' | ' | 100,000,000 | ' | ' | 100,000,000 | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred stock, par value | $0.01 | ' | ' | ' | $0.01 | ' | ' | $0.01 | ' | $0.01 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares offered and sold by the selling shareholders | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,900,000 | ' | ' | 3,900,000 | ' | ' | ' | ' | ' | ' |
Shares of common stock issued through initial public offering, per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $27 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds received from offering | ' | ' | ' | ' | ' | ' | ' | 245,441 | ' | ' | ' | ' | ' | ' | ' | ' | 245,441 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds received used to redeem 11% Senior Notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 140,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes redemption aggregate price percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 111.00% | 100.00% | 100.00% | ' | ' | ' | ' | ' | 111.00% | ' | ' | ' | ' |
Senior Notes redemption terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'A provision in the indenture governing the Senior Notes that permits the Company to redeem up to 35% of the aggregate principal amount of the Senior Notes with the net cash proceeds of certain equity offerings. | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes redemption percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' |
Payment made to affiliate for termination of Advisory Agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 46,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net proceeds from offering | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 37,000 | ' | ' | ' | ' | ' | ' | ' |
Cash dividend declared | $0.20 | $0.20 | ' | ' | $0.20 | ' | ' | $0.40 | $6.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend payable date | 1-Oct-13 | 1-Jul-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend record date | 20-Sep-13 | 20-Jun-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash dividends payable | 18,219 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividends payable | $18,223 | ' | ' | ' | $18,223 | ' | ' | $18,223 | $40,000 | $203 | $3,180 | $589 | $589 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | 1 Months Ended | 1 Months Ended | ||||||||||
In Thousands, except Share data, unless otherwise specified | Apr. 08, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 05, 2013 | Apr. 04, 2013 | Apr. 15, 2011 | Apr. 05, 2013 | Apr. 08, 2013 | Apr. 05, 2013 | Apr. 04, 2013 | Apr. 05, 2013 |
Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Fourth Supplemental Indenture [Member] | Subsequent Events [Member] | Subsequent Events [Member] | Subsequent Events [Member] | Subsequent Events [Member] | |||||
Revolving Credit Agreement [Member] | Revolving Credit Agreement [Member] | Fourth Supplemental Indenture [Member] | ||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock split description | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. The Company's historical share and per share information has been retroactively adjusted to give effects to this stock split. | ' | ' | ' | ' | ' | ' | ' | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. | ' | ' | ' |
Stock split conversion ratio | 8 | ' | ' | ' | ' | ' | ' | ' | 8 | ' | ' | ' |
Common stock, par value | ' | $0.01 | $0.01 | $0.01 | ' | ' | ' | ' | $0.01 | ' | ' | ' |
Common stock, shares authorized | ' | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 | ' | ' | ' | ' | 1,000,000,000 | ' | ' | ' |
Senior secured revolving credit facility existing | ' | ' | ' | ' | $192,500 | $172,500 | $172,500 | ' | ' | $192,500 | $172,500 | ' |
Increase in debt | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | 20,000 |
Maximum termination fee payment allowed for the Advisory Agreement termination | ' | ' | ' | ' | ' | ' | ' | $50,000 | ' | ' | ' | $50,000 |
Schedule_I_Condensed_Financial
Schedule I Condensed Financial Statements - Condensed Balance Sheets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 |
In Thousands, unless otherwise specified | |||||
Current Assets: | ' | ' | ' | ' | ' |
Total current assets | $316,392 | $158,633 | $166,855 | ' | ' |
Total Assets | 2,658,136 | 2,521,052 | 2,547,095 | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' |
Accrued Liabilities | 31,048 | 19,350 | 8,399 | ' | ' |
Total current liabilities | 271,796 | 246,281 | 280,236 | ' | ' |
Total liabilities | 1,928,849 | 2,071,204 | 1,674,628 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' | ' |
Stockholders' Equity: | ' | ' | ' | ' | ' |
Common stock, $0.01 par value-authorized, 1,000,000,000 shares; issued and outstanding, 82,737,008 shares in 2012 and 82,418,808 in 2011 | 896 | 827 | 824 | ' | ' |
Additional paid-in capital | 688,927 | 456,923 | 955,735 | ' | ' |
Accumulated deficit | 39,265 | -6,648 | -84,092 | ' | ' |
Total stockholders' equity | 729,287 | 449,848 | 872,467 | 949,795 | 995,259 |
Total Liabilities and Stockholders' Equity | 2,658,136 | 2,521,052 | 2,547,095 | ' | ' |
Parent Company [Member] | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' |
Cash | ' | 203 | 3,180 | ' | ' |
Total current assets | ' | 203 | 3,180 | ' | ' |
Investment in wholly owned subsidiary | ' | 451,102 | 872,467 | ' | ' |
Total Assets | ' | 451,305 | 875,647 | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' |
Accrued Liabilities | ' | 203 | 3,180 | ' | ' |
Total current liabilities | ' | 203 | 3,180 | ' | ' |
Total liabilities | ' | 203 | 3,180 | ' | ' |
Commitments and contingencies | ' | ' | ' | ' | ' |
Stockholders' Equity: | ' | ' | ' | ' | ' |
Common stock, $0.01 par value-authorized, 1,000,000,000 shares; issued and outstanding, 82,737,008 shares in 2012 and 82,418,808 in 2011 | ' | 827 | 824 | ' | ' |
Additional paid-in capital | ' | 456,923 | 955,735 | ' | ' |
Accumulated deficit | ' | -6,648 | -84,092 | ' | ' |
Total stockholders' equity | ' | 451,102 | 872,467 | ' | ' |
Total Liabilities and Stockholders' Equity | ' | $451,305 | $875,647 | ' | ' |
Schedule_I_Condensed_Financial1
Schedule I Condensed Financial Statements - Condensed Balance Sheets (Parenthetical) (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' |
Common stock, par value | $0.01 | $0.01 | $0.01 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 89,626,525 | 82,737,008 | 82,418,808 |
Common stock, shares outstanding | 89,626,525 | 82,737,008 | 82,418,808 |
Parent Company [Member] | ' | ' | ' |
Condensed Balance Sheet Statements, Captions [Line Items] | ' | ' | ' |
Common stock, par value | ' | $0.01 | $0.01 |
Common stock, shares authorized | ' | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | ' | 82,737,008 | 82,418,808 |
Common stock, shares outstanding | ' | 82,737,008 | 82,418,808 |
Schedule_I_Condensed_Financial2
Schedule I Condensed Financial Statements - Condensed Statement of Operations and Comprehensive Income (loss) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | $120,199 | $92,257 | $63,985 | $86,243 | $77,444 | $19,113 | ($45,464) |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Equity in net income (loss) of subsidiary | ' | ' | ' | ' | 77,444 | 19,113 | -45,464 |
Net income (loss) | ' | ' | ' | ' | 77,444 | 19,113 | -45,464 |
Other comprehensive loss | ' | ' | ' | ' | ' | ' | ' |
Comprehensive income (loss) | ' | ' | ' | ' | $77,444 | $19,113 | ($45,464) |
Schedule_I_Condensed_Financial3
Schedule I Condensed Financial Statements - Condensed Statement of Cash Flow (Detail) (USD $) | 9 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 |
Cash Flows From Operating Activities: | ' | ' | ' | ' | ' |
Net income (loss) | $63,985 | $86,243 | $77,444 | $19,113 | ($45,464) |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ' | ' | ' |
Net cash provided by (used in) operating activities | 276,317 | 302,648 | 303,513 | 268,249 | 202,281 |
Cash Flows From Investing Activities: | ' | ' | ' | ' | ' |
Net cash provided by investing activities | -125,803 | -154,976 | -204,318 | -225,316 | -120,196 |
Cash Flows From Financing Activities: | ' | ' | ' | ' | ' |
Net proceeds from issuance of common stock | 253,800 | ' | ' | ' | ' |
Dividend paid to stockholders (return of capital) | -18,124 | -463,180 | -502,977 | -106,920 | ' |
Net cash provided by (used in) financing activities | 14,327 | -71,492 | -120,183 | -99,967 | -20,500 |
Change in Cash and Cash Equivalents | 164,841 | 76,180 | -20,988 | -57,034 | 61,585 |
Cash and Cash Equivalents-Beginning of period | 45,675 | 66,663 | 66,663 | 123,697 | 62,112 |
Cash and Cash Equivalents-End of period | 210,516 | 142,843 | 45,675 | 66,663 | 123,697 |
Parent Company [Member] | ' | ' | ' | ' | ' |
Cash Flows From Operating Activities: | ' | ' | ' | ' | ' |
Net income (loss) | ' | ' | 77,444 | 19,113 | -45,464 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ' | ' | ' |
Equity in net (income) loss of subsidiary | ' | ' | -77,444 | -19,113 | 45,464 |
Net cash provided by (used in) operating activities | ' | ' | ' | ' | ' |
Cash Flows From Investing Activities: | ' | ' | ' | ' | ' |
Capital contributed to subsidiary | ' | ' | ' | -2,736 | ' |
Dividend received from subsidiary (return of capital) | ' | ' | 500,000 | 100,000 | ' |
Net cash provided by investing activities | ' | ' | 500,000 | 97,264 | ' |
Cash Flows From Financing Activities: | ' | ' | ' | ' | ' |
Net proceeds from issuance of common stock | ' | ' | ' | 12,836 | ' |
Dividend paid to stockholders (return of capital) | ' | ' | -502,977 | -106,920 | ' |
Net cash provided by (used in) financing activities | ' | ' | -502,977 | -94,084 | ' |
Change in Cash and Cash Equivalents | ' | ' | -2,977 | 3,180 | ' |
Cash and Cash Equivalents-Beginning of period | ' | 3,180 | 3,180 | ' | ' |
Cash and Cash Equivalents-End of period | ' | ' | $203 | $3,180 | ' |
Schedule_I_Condensed_Financial4
Schedule I Condensed Financial Statements - Additional Information (Detail) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
In Thousands, except Share data, unless otherwise specified | Apr. 08, 2013 | Mar. 30, 2012 | Mar. 30, 2012 | Sep. 29, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Dividend declared | ' | $500,000 | $500,000 | $110,100 | $36,144 | $500,000 | $110,100 |
Stock split description | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. The Company's historical share and per share information has been retroactively adjusted to give effects to this stock split. | ' | ' | ' | ' | ' | ' |
Stock split conversion ratio | 8 | ' | ' | ' | ' | ' | ' |
Common stock, par value | ' | ' | ' | ' | $0.01 | $0.01 | $0.01 |
Common stock, shares authorized | ' | ' | ' | ' | 1,000,000,000 | 1,000,000,000 | 1,000,000,000 |
Senior Secured Credit Facilities [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Percentage of equity interest owned | ' | ' | ' | ' | ' | 100.00% | ' |
Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Dividend received | ' | ' | 500,000 | 100,000 | ' | ' | ' |
Dividend declared | ' | ' | 500,000 | 110,100 | ' | ' | ' |
Dividends paid | ' | ' | ' | ' | ' | $609,897 | ' |
Common stock, par value | ' | ' | ' | ' | ' | $0.01 | $0.01 |
Common stock, shares authorized | ' | ' | ' | ' | ' | 1,000,000,000 | 1,000,000,000 |
Parent Company [Member] | Senior Secured Credit Facilities [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Percentage of equity interest owned | ' | ' | ' | ' | ' | 100.00% | ' |
Subsequent Events [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Stock split description | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. | ' | ' | ' | ' | ' | ' |
Stock split conversion ratio | 8 | ' | ' | ' | ' | ' | ' |
Common stock, par value | 0.01 | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | 1,000,000,000 | ' | ' | ' | ' | ' | ' |
Subsequent Events [Member] | Parent Company [Member] | ' | ' | ' | ' | ' | ' | ' |
Parent Company Only Financial Information [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Stock split description | 'On April 7, 2013, the Company's Board of Directors authorized an eight-for-one split of the Company's common stock which was effective on April 8, 2013. The Company's historical share and per share information has been retroactively adjusted to give effects to this stock split. | ' | ' | ' | ' | ' | ' |
Stock split conversion ratio | 8 | ' | ' | ' | ' | ' | ' |
Common stock, par value | 0.01 | ' | ' | ' | ' | ' | ' |
Common stock, shares authorized | 1,000,000,000 | ' | ' | ' | ' | ' | ' |
Other_Accrued_Expenses_Additio
Other Accrued Expenses - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 |
Other Income And Expenses [Abstract] | ' | ' |
Repayment of note payable | $3,000 | $3,000 |
EquityBased_Compensation_Sched3
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 4,165,861 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Vested Time Vesting Units Surrendered For Shares Of Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 727,852 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Class D Units surrendered for shares of stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 221,290 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Class D Units and vested TVUs surrendered for shares of stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 949,142 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | Time Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 599,215 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Two Point Two Five Performance Vesting Units Surrendered For Two Point Two Five Performance Restricted Shares [Member] | 2.25x Performance Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 1,308,752 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Two Point Seven Five Performance Vesting Units Surrendered For Two Point Seven Five Performance Restricted Shares [Member] | 2.75x Performance Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 1,308,752 |
Units Surrendered For Shares Plan [Member] | Common Stock [Member] | Unvested TVUs and PVUs surrendered for shares of unvested restricted stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in shares) | 3,216,719 |
Employee Unit Incentive Plan [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 698,533 |
Employee Unit Incentive Plan [Member] | Vested Time Vesting Units Surrendered For Shares Of Stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 121,206 |
Employee Unit Incentive Plan [Member] | Class D Units surrendered for shares of stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 29,240 |
Employee Unit Incentive Plan [Member] | Class D Units and vested TVUs surrendered for shares of stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 150,446 |
Employee Unit Incentive Plan [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 103,913 |
Employee Unit Incentive Plan [Member] | Two Point Two Five Performance Vesting Units Surrendered For Two Point Two Five Performance Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 222,087 |
Employee Unit Incentive Plan [Member] | Two Point Seven Five Performance Vesting Units Surrendered For Two Point Seven Five Performance Restricted Shares [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 222,087 |
Employee Unit Incentive Plan [Member] | Unvested TVUs and PVUs surrendered for shares of unvested restricted stock [Member] | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' |
Surrender of units to shares of stock (in units) | 548,087 |
EquityBased_Compensation_Sched4
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (Time-Vesting Units and Time Restricted shares) (Detail) (USD $) | 9 Months Ended | 12 Months Ended | 9 Months Ended | |||||||
Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | |
Units Surrendered For Shares Plan [Member] | Employee Unit Incentive Plan [Member] | Employee Unit Incentive Plan [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | Time Restricted Shares [Member] | TVUs [Member] | TVUs [Member] | TVUs [Member] | |
Common Stock [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | ||||
Common Stock [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | Unvested Time Vesting Units Surrendered For Unvested Time Restricted Shares [Member] | ||||||||
Common Stock [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Outstanding units, beginning balance | ' | ' | ' | ' | ' | ' | ' | 112,701 | 134,109 | 112,701 |
Vested units | ' | ' | ' | ' | ' | ' | ' | -39,775 | ' | -8,788 |
TVUS surrendered for shares of stock and unvested restricted stock (in units) | ' | -698,533 | -103,913 | ' | ' | ' | ' | ' | ' | ' |
Surrender of units to shares of stock (in shares) | 4,165,861 | ' | ' | ' | ' | ' | 599,215 | ' | ' | ' |
Vested shares | ' | ' | ' | ' | -31,675 | ' | ' | ' | ' | ' |
Forfeited shares | ' | ' | ' | ' | -2,025 | ' | ' | ' | ' | ' |
Outstanding Unvested shares | ' | ' | ' | ' | 565,515 | ' | ' | ' | ' | ' |
Weighted average fair value of outstanding, Beginning balanace (in USD per share/unit) | ' | ' | ' | ' | ' | ' | ' | $21.34 | ' | $21.70 |
Weighted average fair value (in USD per share/unit) | ' | ' | ' | $3.82 | ' | $4.06 | ' | $21.29 | ' | $22.71 |
Forfeited (in USD per share/unit) | ' | ' | ' | $3.82 | ' | ' | ' | $21.34 | ' | ' |
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in USD per unit) | ' | ' | ' | $4.07 | ' | ' | ' | $21.70 | ' | ' |
Outstanding unvested Time Restricted shares of stock, Weighted Average Remaining Contractual Term | ' | ' | ' | '17 months | ' | ' | ' | '25 months 15 days | ' | ' |
EquityBased_Compensation_Sched5
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (2.25x Performance Restricted Shares) (Detail) | 12 Months Ended | 9 Months Ended | ||||
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
2.25x PVU Employee Units [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Two Point Two Five Performance Vesting Units Surrendered For Two Point Two Five Performance Restricted Shares [Member] | Two Point Two Five Performance Vesting Units Surrendered For Two Point Two Five Performance Restricted Shares [Member] | |
Common Stock [Member] | 2.25x Performance Restricted Shares [Member] | 2.25x PVU Employee Units [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | ||
Common Stock [Member] | 2.25x Performance Restricted Shares [Member] | 2.25x PVU Employee Units [Member] | ||||
Common Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Employee Units, Outstanding, Beginning Balance | 206,220 | ' | ' | 225,051 | ' | ' |
Forfeited units | -2,333 | ' | ' | -2,964 | ' | ' |
PVUs surrendered for unvested Performance Restricted shares of stock (in units) | ' | ' | ' | ' | ' | -222,087 |
Vested units | ' | ' | ' | ' | ' | ' |
Employee Units, Outstanding, Ending Balance | 225,051 | ' | ' | ' | ' | ' |
Outstanding shares, Beginning balance | ' | ' | ' | ' | ' | ' |
Forfeited shares | ' | ' | ' | ' | ' | ' |
PVUs surrendered for unvested Performance Restricted shares of stock (in shares) | ' | 4,165,861 | ' | ' | 1,308,752 | ' |
Vested shares | ' | ' | ' | ' | ' | ' |
Outstanding shares, ending balance | ' | ' | 1,308,752 | ' | ' | ' |
EquityBased_Compensation_Sched6
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (2.75x Performance Restricted Shares) (Detail) | 12 Months Ended | 9 Months Ended | ||||
Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | |
2.75x PVU Employee Units [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | Two Point Seven Five Performance Vesting Units Surrendered For Two Point Seven Five Performance Restricted Shares [Member] | Two Point Seven Five Performance Vesting Units Surrendered For Two Point Seven Five Performance Restricted Shares [Member] | |
Common Stock [Member] | 2.75x Performance Restricted Shares [Member] | 2.75x PVU Employee Units [Member] | Units Surrendered For Shares Plan [Member] | Units Surrendered For Shares Plan [Member] | ||
Common Stock [Member] | 2.75x Performance Restricted Shares [Member] | 2.75x PVU Employee Units [Member] | ||||
Common Stock [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' |
Employee Units, Outstanding, Beginning Balance | 206,220 | ' | ' | 225,051 | ' | ' |
Forfeited units | -2,333 | ' | ' | -2,964 | ' | ' |
PVUs surrendered for unvested Performance Restricted shares of stock (in units) | ' | ' | ' | ' | ' | -222,087 |
Vested units | ' | ' | ' | ' | ' | ' |
Employee Units, Outstanding, Ending Balance | 225,051 | ' | ' | ' | ' | ' |
Outstanding shares, Beginning balance | ' | ' | ' | ' | ' | ' |
Forfeited shares | ' | ' | ' | ' | ' | ' |
PVUs surrendered for unvested Performance Restricted shares of stock (in shares) | ' | 4,165,861 | ' | ' | 1,308,752 | ' |
Vested shares | ' | ' | ' | ' | ' | ' |
Outstanding shares, ending balance | ' | ' | 1,308,752 | ' | ' | ' |
EquityBased_Compensation_Sched7
Equity-Based Compensation - Schedule of Employee Stock Performance Activity (2013 Omni Bus Incentive Plan) (Detail) (2013 Omni Bus Incentive Plan [Member], USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Shares Granted: | ' |
Outstanding shares, Beginning balance | ' |
Vested shares | ' |
Forfeited shares | -267 |
Outstanding shares, ending balance | 494,290 |
Shares Granted: | ' |
Weighted average fair value of outstanding, Beginning balanace (in USD per share/unit) | $0 |
Vested (in USD per share/unit) | ' |
Forfeited (in USD per share/unit) | $33.52 |
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in USD per unit) | $29.05 |
Time Restricted Shares [Member] | ' |
Shares Granted: | ' |
Time Restricted 2013 shares vesting period | '16 months |
2.25x Performance Restricted Shares [Member] | ' |
Shares Granted: | ' |
Granted shares | 163,310 |
Shares Granted: | ' |
Granted (in USD per share/unit) | $30.46 |
2.75x Performance Restricted Shares [Member] | ' |
Shares Granted: | ' |
Granted shares | 163,310 |
Shares Granted: | ' |
Granted (in USD per share/unit) | $23.05 |
After Lock Up Period [Member] | Time Restricted Shares [Member] | ' |
Shares Granted: | ' |
Granted shares | 85,647 |
Shares Granted: | ' |
Granted (in USD per share/unit) | $33.52 |
Over Remaining Service Period [Member] | Time Restricted Shares [Member] | ' |
Shares Granted: | ' |
Granted shares | 82,290 |
Shares Granted: | ' |
Granted (in USD per share/unit) | $33.52 |