Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 29, 2014 | Aug. 01, 2014 | |
DEI [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 29-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Entity Registrant Name | 'CEDAR FAIR L P | ' |
Entity Central Index Key | '0000811532 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 0 |
Entity Unit, Units Outstanding | ' | 55,859,519 |
Unaudited_Condensed_Consolidat
Unaudited Condensed Consolidated Balance Sheets (USD $) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Current Assets: | ' | ' | ' |
Cash and cash equivalents | $40,134 | $118,056 | $43,628 |
Receivables | 66,561 | 21,333 | 67,199 |
Inventories | 45,571 | 26,080 | 45,452 |
Current deferred tax asset | 22,900 | 9,675 | 28,302 |
Income tax refundable | 19,697 | 2,228 | 16,614 |
Other current assets | 11,701 | 9,125 | 17,274 |
Total current assets | 206,564 | 186,497 | 218,469 |
Property and Equipment: | ' | ' | ' |
Land | 283,118 | 283,313 | 296,793 |
Land improvements | 371,038 | 350,869 | 350,638 |
Buildings | 600,335 | 584,659 | 584,545 |
Rides and equipment | 1,567,581 | 1,494,112 | 1,506,553 |
Construction in progress | 34,166 | 44,550 | 9,498 |
Total property and equipment, gross | 2,856,238 | 2,757,503 | 2,748,027 |
Less accumulated depreciation | -1,299,074 | -1,251,740 | -1,197,126 |
Total property and equipment, net | 1,557,164 | 1,505,763 | 1,550,901 |
Goodwill | 237,650 | 238,089 | 239,480 |
Other Intangibes, net | 39,509 | 39,471 | 39,719 |
Other Assets | 44,909 | 44,807 | 32,326 |
Assets | 2,085,796 | 2,014,627 | 2,080,895 |
Current Liabilities: | ' | ' | ' |
Current maturities of long-term debt | 3,025 | 0 | 6,300 |
Accounts payable | 37,503 | 13,222 | 34,339 |
Deferred revenue | 133,797 | 44,521 | 132,365 |
Accrued interest | 12,516 | 23,201 | 23,944 |
Accrued taxes | 7,253 | 19,481 | 10,021 |
Accrued salaries, wages and benefits | 35,640 | 29,200 | 29,896 |
Self-insurance reserves | 23,659 | 23,653 | 24,592 |
Other accrued liabilities | 9,405 | 5,521 | 8,789 |
Total current liabilities | 262,798 | 158,799 | 270,246 |
Deferred Tax Liability | 157,046 | 158,113 | 154,292 |
Derivative Liability | 30,110 | 26,662 | 26,772 |
Other Liabilities | 7,402 | 11,290 | 8,796 |
Long-Term Debt: | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 39,000 | 0 | 58,000 |
Term debt | 615,825 | 618,850 | 622,125 |
Notes | 950,000 | 901,782 | 901,431 |
Total long-term debt | 1,604,825 | 1,520,632 | 1,581,556 |
Commitments and Contingencies | ' | ' | ' |
Partners' Equity: | ' | ' | ' |
Special L.P. interests | 5,290 | 5,290 | 5,290 |
General partner | 2 | 2 | 0 |
Limited partners, 55,859, 55,716 and 55,713 units outstanding at June 29, 2014, December 31, 2013 and June 30, 2013, respectively | 36,918 | 148,847 | 49,986 |
Accumulated other comprehensive loss | -18,595 | -15,008 | -16,043 |
Total partners' equity | 23,615 | 139,131 | 39,233 |
Total Partners' Equity and Liabilities | $2,085,796 | $2,014,627 | $2,080,895 |
Unaudited_Condensed_Consolidat1
Unaudited Condensed Consolidated Balance Sheets (Parenthetical) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
In Thousands, unless otherwise specified | |||
Limited partners, units outstanding | 55,859 | 55,713 | 55,716 |
Unaudited_Condensed_Consolidat2
Unaudited Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
Net revenues: | ' | ' | ' | ' | ' | ' |
Admissions | $206,958 | $202,536 | $226,025 | $222,559 | $650,473 | $621,092 |
Food, merchandise and games | 121,601 | 119,840 | 137,987 | 136,532 | 357,560 | 344,879 |
Accommodations and other | 34,455 | 39,244 | 39,468 | 44,328 | 126,600 | 120,098 |
Total net revenues | 363,014 | 361,620 | 403,480 | 403,419 | 1,134,633 | 1,086,069 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 31,090 | 31,053 | 36,075 | 36,090 | 91,757 | 94,565 |
Operating expenses | 147,192 | 141,284 | 227,542 | 217,941 | 481,945 | 451,823 |
Selling, general and administrative | 46,617 | 45,767 | 68,021 | 66,806 | 153,627 | 142,622 |
Depreciation and amortization | 46,974 | 46,032 | 51,281 | 50,818 | 122,950 | 125,136 |
Gain on sale of other assets | -921 | 0 | -921 | 0 | -9,664 | -6,625 |
Loss on impairment / retirement of fixed assets, net | 215 | 29 | 1,212 | 629 | 3,122 | 31,735 |
Total costs and expenses | 271,167 | 264,165 | 383,210 | 372,284 | 843,737 | 839,256 |
Operating income | 91,847 | 97,455 | 20,270 | 31,135 | 290,896 | 246,813 |
Interest expense | 27,907 | 25,861 | 52,639 | 51,624 | 104,086 | 105,204 |
Net effect of swaps | -315 | -2,273 | 56 | 6,938 | 1 | 6,589 |
Loss on early debt extinguishment | 29,273 | 0 | 29,273 | 34,573 | 29,273 | 34,573 |
Unrealized/realized foreign currency (gain) loss | -16,102 | 14,886 | 1,082 | 23,844 | 6,179 | 13,737 |
Other income | -6 | -69 | -79 | -109 | -124 | -159 |
Income (loss) before taxes | 51,090 | 59,050 | -62,701 | -85,735 | 151,481 | 86,869 |
Provision (benefit) for taxes | 7,188 | 11,660 | -23,063 | -23,999 | 21,179 | 17,917 |
Net income (loss) | 43,902 | 47,390 | -39,638 | -61,736 | 130,302 | 68,952 |
Net income (loss) allocated to general partner | 1 | 0 | 0 | -1 | 2 | 0 |
Net income (loss) allocated to limited partners | 43,901 | 47,390 | -39,638 | -61,735 | 130,300 | 68,952 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Unrealized income (loss) on cash flow hedging derivatives | -2,241 | 1,679 | -2,891 | 10,564 | -2,719 | 12,735 |
Other comprehensive income (loss), (net of tax) | -4,558 | 3,271 | -3,587 | 12,457 | -2,552 | 15,685 |
Total comprehensive income (loss) | $39,344 | $50,661 | ($43,225) | ($49,279) | $127,750 | $84,637 |
Basic earnings per limited partner unit: | ' | ' | ' | ' | ' | ' |
Weighted average limited partner units outstanding | 55,419 | 55,484 | 55,453 | 55,464 | 55,470 | 55,446 |
Net income (loss) per limited partner unit | $0.79 | $0.85 | ($0.71) | ($1.11) | $2.35 | $1.24 |
Diluted earnings per limited partner unit: | ' | ' | ' | ' | ' | ' |
Weighted average limited partner units outstanding | 55,824 | 55,822 | 55,453 | 55,464 | 55,867 | 55,791 |
Net income (loss) per limited partner unit | $0.79 | $0.85 | ($0.71) | ($1.11) | $2.33 | $1.24 |
Unaudited_Condensed_Consolidat3
Unaudited Condensed Consolidated Statement of Partners' Equity (USD $) | Total | Limited Partners [Member] | General Partner [Member] | Special L.P. Interests [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Accumulated Translation Adjustment [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] |
In Thousands, unless otherwise specified | |||||||
Beginning balance, value at Dec. 31, 2013 | $139,131 | $148,847 | $2 | $5,290 | ' | $5 | ($15,013) |
Beginning balance, units at Dec. 31, 2013 | ' | 55,716 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' | ' | ' |
Limited partnership unit options exercised | ' | 11 | ' | ' | ' | ' | ' |
Issuance of limited partnership units as compensation | ' | 132 | ' | ' | ' | ' | ' |
Net loss | -39,638 | -39,638 | 0 | ' | ' | ' | ' |
Partnership distribution declared ($1.40 per limited partnership unit) | ' | -78,275 | ' | ' | ' | ' | ' |
Expense recognized for limited partnership unit options | ' | 446 | ' | ' | ' | ' | ' |
Tax effect of units involved in option exercises and treasury unit transactions | ' | -725 | ' | ' | ' | ' | ' |
Issuance of limited partnership units as compensation | ' | 6,263 | ' | ' | ' | ' | ' |
Weighted average limited partner units outstanding | 55,453 | ' | ' | ' | ' | ' | ' |
Current period activity, net of tax $501 at Jun. 29, 2014 | -2,891 | ' | ' | ' | ' | ' | -2,891 |
Ending balance, value at Jun. 29, 2014 | 23,615 | 36,918 | 2 | 5,290 | -18,595 | -691 | -17,904 |
Current period activity, net of tax $402 at Jun. 29, 2014 | ($696) | ' | ' | ' | ' | ($696) | ' |
Ending balance, units at Jun. 29, 2014 | ' | 55,859 | ' | ' | ' | ' | ' |
Unaudited_Condensed_Consolidat4
Unaudited Condensed Consolidated Statement of Partners' Equity (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
In Thousands, except Per Share data, unless otherwise specified | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 |
Foreign currency translation adjustment, tax | $1,334 | $402 | ($94) |
Unrealized loss on cash flow hedging derivatives, tax | ' | $501 | ' |
Partnership distribution declared, amount per limited partnership unit | $1.40 | $1.40 | $1.40 |
Unaudited_Condensed_Consolidat5
Unaudited Condensed Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES | ' | ' | ' | ' |
Net income (loss) | ($39,638) | ($61,736) | $130,302 | $68,952 |
Adjustments to reconcile net income to net cash from operating activities: | ' | ' | ' | ' |
Depreciation and amortization | 51,281 | 50,818 | 122,950 | 125,136 |
Loss on early debt extinguishment | 29,273 | 34,573 | 29,273 | 34,573 |
Loss on impairment / retirement of fixed assets, net | 1,212 | 629 | 3,122 | 31,735 |
Gain on sale of other assets | -921 | 0 | -9,664 | -6,625 |
Net effect of swaps | 56 | 6,938 | 1 | 6,589 |
Non-cash (income) expense | 9,696 | 30,591 | 22,239 | 26,932 |
Net change in working capital | 18,046 | 41,511 | -8,074 | 11,693 |
Net change in other assets/liabilities | -16,768 | -20,768 | 4,135 | 3,721 |
Net cash from operating activities | 52,237 | 82,556 | 294,284 | 302,706 |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' |
Proceeds from Sales of Assets, Investing Activities | 1,377 | 0 | 16,674 | 14,885 |
Capital expenditures | -106,690 | -79,189 | -147,848 | -108,995 |
Net cash for investing activities | -105,313 | -79,189 | -131,174 | -94,110 |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 39,000 | 58,000 | -19,000 | -53,000 |
Term debt borrowings | 0 | 630,000 | 0 | 630,000 |
Note borrowings | 450,000 | 500,000 | 450,000 | 500,000 |
Term debt payments, including early termination penalties | 0 | -1,132,675 | -9,575 | -1,141,675 |
Repayments of Notes Payable | -426,148 | 0 | -426,148 | 0 |
Payments of Distributions to Affiliates | -78,275 | -69,639 | -152,094 | -114,093 |
Exercise of limited partnership unit options | 0 | 28 | 24 | 57 |
Payment of debt issuance costs | -9,795 | -22,764 | -10,280 | -22,758 |
Excess tax benefit from unit-based compensation | -725 | -130 | 260 | 1,517 |
Net cash for financing activities | -25,943 | -37,180 | -166,813 | -199,952 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 1,097 | -1,389 | 209 | -945 |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' |
Net increase (decrease) for the period | -77,922 | -35,202 | -3,494 | 7,699 |
Balance, beginning of period | 118,056 | 78,830 | 43,628 | 35,929 |
Balance, end of period | 40,134 | 43,628 | 40,134 | 43,628 |
SUPPLEMENTAL INFORMATION | ' | ' | ' | ' |
Cash payments for interest expense | 61,550 | 40,734 | 111,650 | 90,000 |
Interest capitalized | 772 | 1,021 | 1,361 | 1,365 |
Cash payments for income taxes, net of refunds | $3,319 | $4,426 | $13,715 | $4,005 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 29, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
The accompanying unaudited condensed consolidated financial statements have been prepared from the financial records of Cedar Fair, L.P. (the Partnership) without audit and reflect all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary to fairly present the results of the interim periods covered in this report. | |
Due to the highly seasonal nature of the Partnership’s amusement and water park operations, the results for any interim period are not indicative of the results to be expected for the full fiscal year. Accordingly, the Partnership has elected to present financial information regarding operations and cash flows for the preceding fiscal twelve-month periods ended June 29, 2014 and June 30, 2013 to accompany the quarterly results. Because amounts for the fiscal twelve months ended June 29, 2014 include actual 2013 season operating results, they may not be indicative of 2014 full calendar year operations. |
Significant_Accounting_and_Rep
Significant Accounting and Reporting Policies | 6 Months Ended | |
Jun. 29, 2014 | ||
Accounting Policies [Abstract] | ' | |
Significant Accounting and Reporting Policies | ' | |
Significant Accounting and Reporting Policies: | ||
The Partnership’s unaudited condensed consolidated financial statements for the periods ended June 29, 2014 and June 30, 2013 included in this Form 10-Q report have been prepared in accordance with the accounting policies described in the Notes to Consolidated Financial Statements for the year ended December 31, 2013, which were included in the Form 10-K filed on February 26, 2014. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the Commission). These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Form 10-K referred to above. | ||
New Accounting Pronouncements | ||
In February 2013, the FASB issued ASU 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date,” which requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following: | ||
• | The amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors. | |
• | Any additional amount the reporting entity expects to pay on behalf of its co-obligors. | |
The guidance also requires an entity to disclose the nature and amount of the obligation as other information about those obligations. The amendments in the guidance are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, however early adoption is permitted. The Partnership adopted this guidance in the first quarter of 2014 and the December 31, 2013 and June 30, 2013 Unaudited Condensed Consolidating Balance Sheets in Note 12 reflect the effect of the adoption of this guidance. | ||
In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"). The amendments in ASU 2014-09 provide for a single, principles-based model for revenue recognition that replaces the existing revenue recognition guidance. ASU 2014-09 is effective for annual and interim periods beginning on or after December 15, 2016 and will replace most existing revenue recognition guidance under U.S. GAAP when it becomes effective. It permits the use of either a retrospective or cumulative effect transition method and early adoption is not permitted. The Partnership has not yet selected a transition method and is in the process of evaluating the effect this standard will have on the consolidated financial statements and related disclosures. |
Interim_Reporting
Interim Reporting | 6 Months Ended |
Jun. 29, 2014 | |
Quarterly Financial Information Disclosure [Abstract] | ' |
Interim Reporting | ' |
Interim Reporting: | |
The Partnership owns and operates eleven amusement parks, three separately gated outdoor water parks, one indoor water park and five hotels. Virtually all of the Partnership’s revenues from its seasonal amusement parks, as well as its outdoor water parks and other seasonal resort facilities, are realized during a 130- to 140-day operating period beginning in early May, with the major portion concentrated in the third quarter during the peak vacation months of July and August. Knott's Berry Farm is open daily on a year-round basis. Castaway Bay is generally open daily from Memorial Day to Labor Day, plus a limited daily schedule for the balance of the year. | |
To assure that these highly seasonal operations will not result in misleading comparisons of current and subsequent interim periods, the Partnership has adopted the following accounting and reporting procedures for its seasonal parks: (a) revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket and are adjusted periodically during the season, (b) depreciation, advertising and certain seasonal operating costs are expensed during each park’s operating season, including certain costs incurred prior to the season which are amortized over the season, and (c) all other costs are expensed as incurred or ratably over the entire year. |
LongLived_Assets
Long-Lived Assets | 6 Months Ended |
Jun. 29, 2014 | |
Impairment or Disposal of Tangible Assets Disclosure [Abstract] | ' |
Long-Lived Assets | ' |
Long-Lived Assets: | |
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. 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. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others: a significant decline in expected future cash flows; a sustained, significant decline in equity price and market capitalization; a significant adverse change in legal factors or in the business climate; unanticipated competition; and slower growth rates. Any adverse change in these factors could have a significant impact on the recoverability of these assets and could have a material impact on our consolidated financial statements. | |
The long-lived operating asset impairment test involves a two-step process. The first step is a comparison of each asset group's carrying value to its estimated undiscounted future cash flows expected to result from the use of the assets, including disposition. Projected future cash flows reflect management's best estimates of economic and market conditions over the projected period, including growth rates in revenues and costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates and future estimates of capital expenditures. If the carrying value of the asset group is higher than its undiscounted future cash flows, there is an indication that impairment exists and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of the asset group to its carrying value in a manner consistent with the highest and best use of those assets. | |
The Partnership estimates fair value of operating assets using an income, market, and/or cost approach. The income approach uses an asset group's projection of estimated operating results and cash flows that is discounted using a weighted-average cost of capital reflective of current market conditions. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The cost approach is based on the amount currently required to replace the service capacity of an asset adjusted for obsolescence. If the implied fair value of the assets is less than their carrying value, an impairment charge is recorded for the difference. | |
Non-operating assets are evaluated for impairment based on changes in market conditions. When changes in market conditions are observed, impairment is estimated using a market-based approach. If the estimated fair value of the non-operating assets is less than their carrying value, an impairment charge is recorded for the difference. | |
At the end of the third quarter of 2012, the Partnership concluded based on 2012 operating results and updated forecasts, that a review of the carrying value of operating long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Also, at the end of the third quarter of 2012, the Partnership concluded that market conditions had changed on the adjacent non-operating land of Wildwater Kingdom. After performing its review of the updated market value of the land, the Partnership determined the land was impaired. The Partnership recognized a total of $25.0 million of fixed-asset impairment during the third quarter of 2012 which was recorded in "Loss on impairment / retirement of fixed assets, net" on the condensed consolidated statement of operations. |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 6 Months Ended | ||||||||||||
Jun. 29, 2014 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||||
Goodwill and Other Intangible Assets: | |||||||||||||
In accordance with the applicable accounting rules, goodwill is not amortized, but, along with indefinite-lived trade-names, is evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. As of June 29, 2014, there were no indicators of impairment. The Partnership's annual testing date is December 31. | |||||||||||||
The Partnership tested goodwill and other indefinite-lived intangibles for impairment on December 31, 2013 and no impairment was indicated. | |||||||||||||
A summary of changes in the Partnership’s carrying value of goodwill for the six months ended June 29, 2014 and June 30, 2013 is as follows: | |||||||||||||
(In thousands) | Goodwill | Accumulated | Goodwill | ||||||||||
(gross) | Impairment | (net) | |||||||||||
Losses | |||||||||||||
Balance at December 31, 2012 | $ | 326,089 | $ | (79,868 | ) | $ | 246,221 | ||||||
Foreign currency translation | (6,741 | ) | — | (6,741 | ) | ||||||||
Balance at June 30, 2013 | $ | 319,348 | $ | (79,868 | ) | $ | 239,480 | ||||||
Balance at December 31, 2013 | $ | 317,957 | $ | (79,868 | ) | $ | 238,089 | ||||||
Foreign currency translation | (439 | ) | — | (439 | ) | ||||||||
Balance at June 29, 2014 | $ | 317,518 | $ | (79,868 | ) | $ | 237,650 | ||||||
At June 29, 2014, December 31, 2013, and June 30, 2013 the Partnership’s other intangible assets consisted of the following: | |||||||||||||
June 29, 2014 | Gross | Accumulated | Net | ||||||||||
Carrying | Amortization | Carrying | |||||||||||
Amount | Value | ||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,008 | $ | — | $ | 39,008 | |||||||
License / franchise agreements | 900 | 399 | 501 | ||||||||||
Total other intangible assets | $ | 39,908 | $ | 399 | $ | 39,509 | |||||||
31-Dec-13 | |||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,070 | $ | — | $ | 39,070 | |||||||
License / franchise agreements | 800 | 399 | 401 | ||||||||||
Total other intangible assets | $ | 39,870 | $ | 399 | $ | 39,471 | |||||||
30-Jun-13 | |||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,267 | $ | — | $ | 39,267 | |||||||
License / franchise agreements | 831 | 379 | 452 | ||||||||||
Total other intangible assets | $ | 40,098 | $ | 379 | $ | 39,719 | |||||||
Estimated amortization expense is expected to total less than $75,000 in each year from 2014 through 2018. |
LongTerm_Debt
Long-Term Debt | 6 Months Ended |
Jun. 29, 2014 | |
Debt Disclosure [Abstract] | ' |
Long-Term Debt | ' |
Long-Term Debt: | |
In June of 2014, the Partnership issued $450 million of 5.375% senior unsecured notes ("June 2014 notes") , maturing in 2024, in a private placement. The net proceeds from the offering of the June 2014 notes were used to redeem in full all of the Partnership’s $405 million of 9.125% senior unsecured notes that were scheduled to mature in 2018 (and which included $5.6 million of Original Issue Discount ("OID") to yield 9.375%), to satisfy and discharge the indenture governing the notes that were redeemed and for general corporate purposes. | |
The Partnership's June 2014 notes pay interest semi-annually in June and December, with the principal due in full on June 1, 2024. The notes may be redeemed, in whole or in part, at any time prior to June 1, 2019 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to June 1, 2017, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at a price equal to 105.375% together with accrued and unpaid interest. | |
In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes ("March 2013 notes"), maturing in 2021, in a private placement. Concurrently with this offering, the Partnership entered into a new $885 million credit agreement (the "2013 Credit Agreement"), which included a $630 million senior secured term loan facility and a $255 million senior secured revolving credit facility. The terms of the senior secured term loan facility include a maturity date of March 6, 2020 and bear interest at a rate of LIBOR ("London InterBank Offering Rate") plus 250 bps with a LIBOR floor of 75 bps. The term loan amortizes at $6.3 million annually. The net proceeds from the notes and borrowings under the 2013 Credit Agreement were used to repay in full all amounts outstanding under the previous credit facilities. The facilities provided under the 2013 Credit Agreement are collateralized by substantially all of the assets of the Partnership. | |
Terms of the 2013 Credit Agreement include a revolving credit facility of a combined $255 million. Under the 2013 Credit Agreement, the Canadian portion of the revolving credit facility has a sub-limit of $15 million. U.S. denominated and Canadian denominated loans made under the revolving credit facility bear interest at a rate of LIBOR plus 225 bps (with no LIBOR floor). The revolving credit facility is scheduled to mature in March 2018 and also provides for the issuance of documentary and standby letters of credit. The 2013 Credit Agreement requires the Partnership to pay a commitment fee of 38 bps per annum on the unused portion of the credit facilities. | |
The 2013 Credit Agreement requires the Partnership to maintain specified financial ratios, which if breached for any reason, including a decline in operating results, could result in an event of default under the agreement. The most restrictive of these ratios is the Consolidated Leverage Ratio which is measured quarterly on a trailing-twelve month basis. The Consolidated Leverage Ratio decreased to 6.00x consolidated total debt (excluding the revolving debt)-to-Consolidated EBITDA at the end of the second quarter in 2014, and the ratio will decrease by 0.25x each second quarter until it reaches 5.25x. As of June 29, 2014, the Partnership’s Consolidated Leverage Ratio was 3.76x. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of June 29, 2014. | |
The Partnership is allowed to make Restricted Payments, as defined in the 2013 Credit Agreement, of up to $60 million annually, so long as no default or event of default has occurred and is continuing. These Restricted Payments are not subject to any specific covenants. Additional Restricted Payments are allowed to be made based on an Excess-Cash-Flow formula, should the Partnership’s pro-forma Consolidated Leverage Ratio be less than or equal to 5.00x. Per the terms of the indentures governing the Partnership's June 2014 and March 2013 notes, we can make Restricted Payments of $60 million annually so long as no default or event of default has occurred and is continuing, and our ability to make additional Restricted Payments in 2014 and beyond is permitted should the Partnership's pro forma trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 5.00x. | |
The Partnership's March 2013 notes pay interest semi-annually in March and September, with the principal due in full on March 15, 2021. The notes may be redeemed, in whole or in part, at any time prior to March 15, 2016 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to March 15, 2016, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at a price equal to 105.25% together with accrued and unpaid interest. | |
As market conditions warrant, the Partnership may from time to time repurchase debt securities issued by the Partnership, in privately negotiated or open market transactions, by tender offer, exchange offer or otherwise. |
Derivative_Financial_Instrumen
Derivative Financial Instruments | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||||||||||||||
Derivative Financial Instruments | ' | ||||||||||||||||||||||||||||
Derivative Financial Instruments: | |||||||||||||||||||||||||||||
Derivative financial instruments are used within the Partnership’s overall risk management program to manage certain interest rate and foreign currency risks. By utilizing a derivative instrument to hedge our exposure to LIBOR rate changes, the Partnership is exposed to credit risk. Credit risk is the failure of the counterparty to perform under the terms of the derivative contract. To mitigate this risk, hedging instruments are placed with a counterparty that the Partnership believes poses minimal credit risk. | |||||||||||||||||||||||||||||
The Partnership does not use derivative financial instruments for trading purposes. | |||||||||||||||||||||||||||||
We have entered into several interest rate swaps that fix all of our variable rate term-debt payments. As of June 29, 2014, we have $800 million of variable-rate debt to fixed rates swaps that mature in December 2015 and fix LIBOR at a weighted average rate of 2.38%. These swaps have been de-designated as cash flow hedges. During the third quarter and fourth quarter of 2013, we entered into four forward-starting interest rate swap agreements that will effectively convert $500 million of variable-rate debt to fixed rates beginning in December of 2015. These swaps, which were designated as cash flow hedges, mature on December 31, 2018 and fix LIBOR at a weighted average rate of 2.94%. | |||||||||||||||||||||||||||||
Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet: | |||||||||||||||||||||||||||||
(In thousands) | Condensed Consolidated | Fair Value as of | Fair Value as of | Fair Value as of | |||||||||||||||||||||||||
Balance Sheet Location | June 29, 2014 | December 31, 2013 | June 30, 2013 | ||||||||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||||
Interest rate swaps | Derivative Liability | $ | (11,279 | ) | $ | (3,916 | ) | $ | (20,122 | ) | |||||||||||||||||||
Total derivatives designated as hedging instruments | $ | (11,279 | ) | $ | (3,916 | ) | $ | (20,122 | ) | ||||||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||||
Interest rate swaps | Derivative Liability | $ | (18,831 | ) | $ | (22,746 | ) | $ | (6,650 | ) | |||||||||||||||||||
Total derivatives not designated as hedging instruments | $ | (18,831 | ) | $ | (22,746 | ) | $ | (6,650 | ) | ||||||||||||||||||||
Net derivative liability | $ | (30,110 | ) | $ | (26,662 | ) | $ | (26,772 | ) | ||||||||||||||||||||
Derivatives Designated as Hedging Instruments | |||||||||||||||||||||||||||||
Changes in fair value of highly effective hedges are recorded as a component of accumulated other comprehensive loss in the unaudited condensed consolidated balance sheets. Any ineffectiveness is recognized immediately in income. Amounts recorded as a component of accumulated other comprehensive loss are reclassified into earnings in the same period the forecasted transactions affect earnings. As of June 29, 2014 we have no amounts that are forecasted to be reclassified into earnings in the next twelve months. As of June 30, 2013, $600 million of our portfolio qualified for hedge accounting and the fair value of these swaps are reflected in the above table. Subsequently, these derivatives were de-designated in the third quarter of 2013, as the hedge effectiveness testing indicated that these swaps would be ineffective throughout the remaining periods until maturity. | |||||||||||||||||||||||||||||
Derivatives Not Designated as Hedging Instruments | |||||||||||||||||||||||||||||
Certain interest rate swap contracts were deemed ineffective in prior years and no longer qualified for hedge accounting. As a result of discontinued hedge accounting, the instruments are prospectively adjusted to fair value each reporting period through "Net effect of swaps" on the unaudited condensed consolidated statements of operations and comprehensive income. The amounts that were previously recorded as a component of accumulated other comprehensive loss prior to the de-designation are reclassified to earnings and a corresponding realized gain or loss will be recognized when the forecasted cash flow occurs. As of June 29, 2014, approximately $9.8 million of losses remain in accumulated comprehensive loss related to the effective cash flow hedge contracts prior to de-designation. We estimate that losses of $7.9 million will be reclassified to earnings within the next 12 months. As of June 30, 2013, $200 million of the derivative portfolio did not qualify for hedge accounting as the amount of variable rate debt decreased to less than the total amount of our derivative portfolio, and the fair value of these swaps are reflected in the above table. | |||||||||||||||||||||||||||||
The following table presents our derivative portfolio along with their notional amounts and their fixed interest rates as of June 29, 2014. | |||||||||||||||||||||||||||||
Interest Rate Swaps | |||||||||||||||||||||||||||||
($'s in thousands) | Derivatives designated as hedging instruments | Derivatives not designated as hedging instruments | |||||||||||||||||||||||||||
Notional Amounts | LIBOR Rate | Notional Amounts | LIBOR Rate | ||||||||||||||||||||||||||
$ | 200,000 | 3 | % | $ | 200,000 | 2.27 | % | ||||||||||||||||||||||
100,000 | 3 | % | 150,000 | 2.43 | % | ||||||||||||||||||||||||
100,000 | 3 | % | 75,000 | 2.3 | % | ||||||||||||||||||||||||
100,000 | 2.7 | % | 70,000 | 2.54 | % | ||||||||||||||||||||||||
50,000 | 2.54 | % | |||||||||||||||||||||||||||
50,000 | 2.54 | % | |||||||||||||||||||||||||||
50,000 | 2.43 | % | |||||||||||||||||||||||||||
50,000 | 2.29 | % | |||||||||||||||||||||||||||
50,000 | 2.29 | % | |||||||||||||||||||||||||||
30,000 | 2.54 | % | |||||||||||||||||||||||||||
25,000 | 2.3 | % | |||||||||||||||||||||||||||
Total $'s / Average Rate | $ | 500,000 | 2.94 | % | $ | 800,000 | 2.38 | % | |||||||||||||||||||||
Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended June 29, 2014 and June 30, 2013: | |||||||||||||||||||||||||||||
(In thousands) | Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | Amount and Location of Gain (Loss) | Amount and Location of Gain (Loss) | ||||||||||||||||||||||||||
Reclassified from Accumulated OCI into Income | Recognized in Income on Derivative | ||||||||||||||||||||||||||||
(Effective Portion) | (Ineffective Portion) | ||||||||||||||||||||||||||||
Derivatives designated as | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | |||||||||||||||||||||||
Cash Flow Hedging | |||||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | |||||||||||||||||||||||
Interest rate swaps | $ | (4,622 | ) | $ | — | Interest Expense | $ | — | $ | — | Net effect of swaps | $ | — | $ | 3,268 | ||||||||||||||
(In thousands) | Amount and Location of Gain (Loss) Recognized | ||||||||||||||||||||||||||||
in Income on Derivative | |||||||||||||||||||||||||||||
Derivatives not designated as Cash Flow | Three months ended | Three months ended | |||||||||||||||||||||||||||
Hedging Relationships | 6/29/14 | 6/30/13 | |||||||||||||||||||||||||||
Interest rate swaps | Net effect of swaps | $ | 2,301 | $ | 992 | ||||||||||||||||||||||||
$ | 2,301 | $ | 992 | ||||||||||||||||||||||||||
During the quarter ended June 29, 2014, in addition to gains of $2.3 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $2.0 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the quarter. The effect of these amounts resulted in a benefit to earnings of $0.3 million recorded in “Net effect of swaps.” | |||||||||||||||||||||||||||||
For the three-month period ended June 30, 2013, in addition to the $3.3 million gain recognized in income on the ineffective portion of derivatives and $1.0 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $2.0 million of expense representing the amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a benefit to earnings of $2.3 million recorded in “Net effect of swaps.” | |||||||||||||||||||||||||||||
Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the six-month periods ended June 29, 2014 and June 30, 2013: | |||||||||||||||||||||||||||||
(In thousands) | Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | Amount and Location of Gain (Loss) | Amount and Location of Gain (Loss) | ||||||||||||||||||||||||||
Reclassified from Accumulated OCI into Income | Recognized in Income on Derivative | ||||||||||||||||||||||||||||
(Effective Portion) | (Ineffective Portion) | ||||||||||||||||||||||||||||
Derivatives designated as | Six months ended | Six months ended | Six months ended | Six months ended | Six months ended | Six months ended | |||||||||||||||||||||||
Cash Flow Hedging | |||||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | |||||||||||||||||||||||
Interest rate swaps | $ | (7,364 | ) | $ | 2,266 | Interest Expense | $ | — | $ | (2,797 | ) | Net effect of swaps | $ | — | $ | 3,703 | |||||||||||||
(In thousands) | Amount and Location of Gain (Loss) Recognized | ||||||||||||||||||||||||||||
in Income on Derivative | |||||||||||||||||||||||||||||
Derivatives not designated as Cash Flow | Six months ended | Six months ended | |||||||||||||||||||||||||||
Hedging Relationships | 6/29/14 | 6/30/13 | |||||||||||||||||||||||||||
Interest rate swaps | Net effect of swaps | $ | 3,918 | $ | (479 | ) | |||||||||||||||||||||||
$ | 3,918 | $ | (479 | ) | |||||||||||||||||||||||||
During the six-month period ended ended June 29, 2014, in addition to gains of $3.9 million recognized in income on the derivatives not designated as cash flow hedges (as noted in the tables above), $4.0 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the quarter. The effect of these amounts resulted in a charge to earnings of $0.1 million recorded in “Net effect of swaps.” | |||||||||||||||||||||||||||||
For the six-month period ended June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of derivatives and $0.5 million loss on the derivatives not designated as cash flow hedges (as noted in the tables above), $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $2.3 million of expense representing the amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations. The effect of these amounts resulted in a charge to earnings of $6.9 million recorded in “Net effect of swaps.” | |||||||||||||||||||||||||||||
Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended June 29, 2014 and June 30, 2013: | |||||||||||||||||||||||||||||
(In thousands) | Amount of Gain (Loss) | Amount and Location of Gain (Loss) | Amount and Location of Gain (Loss) | ||||||||||||||||||||||||||
Recognized in Accumulated OCI on Derivatives | Reclassified from Accumulated OCI into Income | Recognized in Income on Derivative | |||||||||||||||||||||||||||
(Effective Portion) | (Effective Portion) | (Ineffective Portion) | |||||||||||||||||||||||||||
Derivatives designated as | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | |||||||||||||||||||||||
Cash Flow Hedging | |||||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | |||||||||||||||||||||||
Interest rate swaps | $ | (11,280 | ) | $ | 5,152 | Interest Expense | $ | — | $ | (8,810 | ) | Net effect of swaps | $ | — | $ | 3,703 | |||||||||||||
(In thousands) | Amount and Location of Gain (Loss) Recognized | ||||||||||||||||||||||||||||
in Income on Derivative | |||||||||||||||||||||||||||||
Derivatives not designated as Cash Flow Hedging | Twelve months ended | Twelve months ended | |||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | |||||||||||||||||||||||||||
Interest rate swaps | Net effect of swaps | $ | 7,944 | $ | (479 | ) | |||||||||||||||||||||||
$ | 7,944 | $ | (479 | ) | |||||||||||||||||||||||||
In addition to the $7.9 million gain recognized in income on derivatives not designated as cash flow hedges (as noted in the tables above), $7.9 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended June 29, 2014 in the condensed consolidated statements of operations. | |||||||||||||||||||||||||||||
For the twelve-month period ending June 30, 2013, in addition to the $3.7 million gain recognized in income on the ineffective portion of designated derivatives and $0.5 million of loss recognized in income on the derivatives not designated as cash flow hedges as noted in the tables above, $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $2.0 million of expense representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended June 30, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $6.6 million recorded in “Net effect of swaps.” |
Fair_Value_Measurements
Fair Value Measurements | 6 Months Ended | ||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Fair Value Measurements | ' | ||||||||||||||||
Fair Value Measurements: | |||||||||||||||||
The FASB Accounting Standards Codification (ASC) relating to fair value measurements emphasizes that fair value is a market-based measurement that should be determined based on assumptions (inputs) that market participants would use in pricing an asset or liability. Inputs may be observable or unobservable, and valuation techniques used to measure fair value should maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Accordingly, the FASB’s ASC establishes a hierarchal disclosure framework that ranks the quality and reliability of information used to determine fair values. The hierarchy is associated with the level of pricing observability utilized in measuring fair value and defines three levels of inputs to the fair value measurement process—quoted prices are the most reliable valuation inputs, whereas model values that include inputs based on unobservable data are the least reliable. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. | |||||||||||||||||
The three broad levels of inputs defined by the fair value hierarchy are as follows: | |||||||||||||||||
• | Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. | ||||||||||||||||
• | Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. | ||||||||||||||||
• | Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. | ||||||||||||||||
A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. | |||||||||||||||||
The table below presents the balances of assets and liabilities measured at fair value as of June 29, 2014, December 31, 2013, and June 30, 2013 on a recurring basis: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
June 29, 2014 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Interest rate swap agreements (1) | $ | (11,279 | ) | $ | — | $ | (11,279 | ) | $ | — | |||||||
Interest rate swap agreements (2) | (18,831 | ) | — | (18,831 | ) | — | |||||||||||
Net derivative liability | $ | (30,110 | ) | $ | — | $ | (30,110 | ) | $ | — | |||||||
31-Dec-13 | |||||||||||||||||
Interest rate swap agreements (1) | $ | (3,916 | ) | $ | — | $ | (3,916 | ) | $ | — | |||||||
Interest rate swap agreements (2) | $ | (22,746 | ) | $ | — | $ | (22,746 | ) | $ | — | |||||||
Net derivative liability | $ | (26,662 | ) | $ | — | $ | (26,662 | ) | $ | — | |||||||
June 30, 2013 | |||||||||||||||||
Interest rate swap agreements (1) | $ | (20,122 | ) | $ | — | $ | (20,122 | ) | $ | — | |||||||
Interest rate swap agreements (2) | $ | (6,650 | ) | $ | — | $ | (6,650 | ) | $ | — | |||||||
Net derivative liability | $ | (26,772 | ) | $ | — | $ | (26,772 | ) | $ | — | |||||||
-1 | Designated as cash flow hedges and are included in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet | ||||||||||||||||
-2 | Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet | ||||||||||||||||
Fair values of the interest rate swap agreements are determined using significant inputs, including the LIBOR forward curves, that are considered Level 2 observable market inputs. In addition, the Partnership considered the effect of its credit and non-performance risk on the fair values provided, and recognized an adjustment decreasing the net derivative liability by approximately $0.8 million as of June 29, 2014. | |||||||||||||||||
The carrying value of cash and cash equivalents, revolver, accounts receivable, accounts payable, and accrued liabilities approximates fair value because of the short maturity of these instruments. | |||||||||||||||||
There were no assets measured at fair value on a non-recurring basis at June 29, 2014, December 31, 2013, or June 30, 2013, except for as described below. | |||||||||||||||||
At the end of the third quarter in 2012, the Partnership concluded based on operating results, as well as updated forecasts, and changes in market conditions, that a review of the carrying value of long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Based on Level 3 unobservable valuation assumptions and other market inputs, the assets were marked to a fair value of $19.8 million resulting in an impairment charge of $25.0 million. | |||||||||||||||||
The fair value of term debt at June 29, 2014 was approximately $621.9 million based on borrowing rates currently available to the Partnership on long-term debt with similar terms and average maturities. The fair value of the Partnership's notes at June 29, 2014 was approximately $969.4 million based on public trading levels as of that date. The fair value of the term debt and June 2014 notes were based on Level 2 inputs and the March 2013 notes were based on Level 1 inputs. |
Earnings_per_Unit
Earnings per Unit | 6 Months Ended | ||||||||||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||||||||||
Earnings Per Unit [Abstract] | ' | ||||||||||||||||||||||||
Earnings Per Unit | ' | ||||||||||||||||||||||||
Earnings per Unit: | |||||||||||||||||||||||||
Net income per limited partner unit is calculated based on the following unit amounts: | |||||||||||||||||||||||||
Three months ended | Six months ended | Twelve months ended | |||||||||||||||||||||||
6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | ||||||||||||||||||||
(In thousands except per unit amounts) | |||||||||||||||||||||||||
Basic weighted average units outstanding | 55,419 | 55,484 | 55,453 | 55,464 | 55,470 | 55,446 | |||||||||||||||||||
Effect of dilutive units: | |||||||||||||||||||||||||
Unit options and restricted unit awards | 325 | 152 | — | — | 253 | 84 | |||||||||||||||||||
Phantom units | 80 | 186 | — | — | 144 | 261 | |||||||||||||||||||
Diluted weighted average units outstanding | 55,824 | 55,822 | 55,453 | 55,464 | 55,867 | 55,791 | |||||||||||||||||||
Net income per unit - basic | $ | 0.79 | $ | 0.85 | $ | (0.71 | ) | $ | (1.11 | ) | $ | 2.35 | $ | 1.24 | |||||||||||
Net income per unit - diluted | $ | 0.79 | $ | 0.85 | $ | (0.71 | ) | $ | (1.11 | ) | $ | 2.33 | $ | 1.24 | |||||||||||
The effect of out-of-the-money and/or antidilutive unit options on the three, six and twelve months ended June 29, 2014 and June 30, 2013, respectively, had they not been out of the money or antidilutive, would have been immaterial in all periods presented. |
Income_and_Partnership_Taxes
Income and Partnership Taxes | 6 Months Ended |
Jun. 29, 2014 | |
Effective Income Tax Rate Reconciliation, Amount [Abstract] | ' |
Income and Partnership Taxes | ' |
Income and Partnership Taxes: | |
Under the applicable accounting rules, income taxes are recognized for the amount of taxes payable by the Partnership’s corporate subsidiaries for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. The income tax provision (benefit) for interim periods is determined by applying an estimated annual effective tax rate to the quarterly income (loss) of the Partnership’s corporate subsidiaries. In addition to income taxes on its corporate subsidiaries, the Partnership pays a publicly traded partnership tax (PTP tax) on partnership-level gross income (net revenues less cost of food, merchandise and games). As such, the Partnership’s total provision (benefit) for taxes includes amounts for both the PTP tax and for income taxes on its corporate subsidiaries. | |
As of the second quarter of 2014 the Partnership has recorded $1.1 million of unrecognized tax benefits including interest and/or penalties related to state and local tax filing positions. The Partnership recognizes interest and/or penalties related to unrecognized tax benefits in the income tax provision. The Partnership does not anticipate that the balance of the unrecognized tax benefit will change significantly over the next 12 months. |
Contingencies
Contingencies | 6 Months Ended |
Jun. 29, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
Contingencies: | |
The Partnership is a party to a number of lawsuits arising in the normal course of business. In the opinion of management, none of these matters is expected to have a material effect in the aggregate on the Partnership's financial statements. |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Income by Component | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 29, 2014 | ||||||||||||||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component | ' | |||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income (Loss) by Component: | ||||||||||||||||||||||||||||
The following tables reflect the changes in Accumulated Other Comprehensive Income (Loss) related to limited partners' equity for the three-, six-, and twelve-month periods ended June 29, 2014 and June 30, 2013: | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at March 30, 2014 | $ | (15,663 | ) | $ | 1,626 | $ | (14,037 | ) | ||||||||||||||||||||
Other comprehensive income before reclassifications, net of tax $702 and $1,334, respectively | (3,920 | ) | (2,317 | ) | (6,237 | ) | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2) | 1,679 | — | 1,679 | |||||||||||||||||||||||||
Net other comprehensive income | (2,241 | ) | (2,317 | ) | (4,558 | ) | ||||||||||||||||||||||
29-Jun-14 | $ | (17,904 | ) | $ | (691 | ) | $ | (18,595 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at March 31, 2013 | $ | (16,864 | ) | $ | (2,450 | ) | $ | (19,314 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax ($915) | — | 1,592 | 1,592 | |||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($307) (2) | 1,679 | — | 1,679 | |||||||||||||||||||||||||
Net other comprehensive income | 1,679 | 1,592 | 3,271 | |||||||||||||||||||||||||
30-Jun-13 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | (15,013 | ) | $ | 5 | $ | (15,008 | ) | ||||||||||||||||||||
Other comprehensive income before reclassifications, net of tax $1,115 and $402, respectively | (6,248 | ) | (696 | ) | (6,944 | ) | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($614) (2) | 3,357 | — | 3,357 | |||||||||||||||||||||||||
Net other comprehensive income | (2,891 | ) | (696 | ) | (3,587 | ) | ||||||||||||||||||||||
29-Jun-14 | $ | (17,904 | ) | $ | (691 | ) | $ | (18,595 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | (25,749 | ) | $ | (2,751 | ) | $ | (28,500 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax ($326) and ($1,089), respectively | 1,940 | 1,893 | 3,833 | |||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,536) (2) | 8,624 | — | 8,624 | |||||||||||||||||||||||||
Net other comprehensive income | 10,564 | 1,893 | 12,457 | |||||||||||||||||||||||||
30-Jun-13 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax $1,846 and ($94), respectively | (9,434 | ) | 167 | (9,267 | ) | |||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2) | 6,715 | — | 6,715 | |||||||||||||||||||||||||
Net other comprehensive income | (2,719 | ) | 167 | (2,552 | ) | |||||||||||||||||||||||
29-Jun-14 | $ | (17,904 | ) | $ | (691 | ) | $ | (18,595 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at July 1, 2012 | $ | (27,920 | ) | $ | (3,808 | ) | $ | (31,728 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax ($745) and ($1,697), respectively | 4,405 | 2,950 | 7,355 | |||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,482) (2) | 8,330 | — | 8,330 | |||||||||||||||||||||||||
Net other comprehensive income | 12,735 | 2,950 | 15,685 | |||||||||||||||||||||||||
30-Jun-13 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statement Where Net Income is Presented | ||||||||||||||||||||||||||
Gains and losses on cash flow hedges | 3 months ended 6/29/14 | 3 months ended 6/30/13 | 6 months ended 6/29/14 | 6 months ended 6/30/13 | 12 months ended 6/29/14 | 12 months ended 6/30/13 | ||||||||||||||||||||||
Interest rate contracts | $ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Net effect of swaps | |||||||||||||||
$ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Total before tax | ||||||||||||||||
(307 | ) | (307 | ) | (614 | ) | (1,536 | ) | (1,228 | ) | (1,482 | ) | Benefit for taxes | ||||||||||||||||
$ | 1,679 | $ | 1,679 | $ | 3,357 | $ | 8,624 | $ | 6,715 | $ | 8,329 | Net of tax | ||||||||||||||||
(1) Amounts in parentheses indicate debits. |
Consolidating_Financial_Inform
Consolidating Financial Information of Guarantors and Issuers | 6 Months Ended | |||||||||||||||||||||||||
Jun. 29, 2014 | ||||||||||||||||||||||||||
Condensed Consolidating Financial Information [Abstract] | ' | |||||||||||||||||||||||||
Consolidating Financial Information of Guarantors and Issuers | ' | |||||||||||||||||||||||||
Consolidating Financial Information of Guarantors and Issuers: | ||||||||||||||||||||||||||
Cedar Fair, L.P., Canada's Wonderland Company ("Cedar Canada"), and Magnum Management Corporation ("Magnum") are the co-issuers of the Partnership's June 2014 and March 2013 notes (see Note 5). The notes have been fully and unconditionally guaranteed, on a joint and several basis, by each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum) that guarantees the Partnership's senior secured credit facilities. There are no non-guarantor subsidiaries. | ||||||||||||||||||||||||||
The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of June 29, 2014, December 31, 2013, and June 30, 2013 and for the three, six, and twelve month periods ended June 29, 2014 and June 30, 2013. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying condensed consolidating financial statements. | ||||||||||||||||||||||||||
The Partnership adopted ASU 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date" as of January 1, 2014. The debt disclosed on the unaudited balance sheets as of June 29, 2014, December 31, 2013 and June 30, 2013 reflect the adoption of this guidance. For the periods ended December 31, 2013 and June 30, 2013, the debt disclosed and related items have been adjusted to reflect only the amounts of debt Cedar Fair, L.P, Cedar Canada, and Magnum have recorded on their books. | ||||||||||||||||||||||||||
In addition to making the retrospective adjustments to the balance sheets related to the adoption of ASU 2013-04, the Unaudited Condensed Consolidating Statements of Cash Flows for the six and twelve month periods ended June 30, 2013 have been revised to correct the presentation of certain intercompany transactions previously recorded as cash flows from operating activities and the presentation of an intercompany term debt receipt previously recorded as cash flows from financing activities. A summary of the changes are below: | ||||||||||||||||||||||||||
Condensed Consolidating Statements of Cash Flows | ||||||||||||||||||||||||||
For the Six Month Period Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||||||
As reported - Net cash from (for) operating activities | $ | 4,808 | $ | (30,371 | ) | $ | (4,856 | ) | $ | 44,138 | $ | 68,837 | $ | 82,556 | ||||||||||||
Investment in joint ventures and affiliates | 38,056 | 37,167 | (18,274 | ) | 17,909 | (74,858 | ) | — | ||||||||||||||||||
Intercompany receivables (payments) receipts | — | — | — | 19,317 | (19,317 | ) | — | |||||||||||||||||||
Intercompany payables (payments) receipts | (7,990 | ) | (14,958 | ) | 3,631 | — | 19,317 | — | ||||||||||||||||||
Dividends paid | — | — | 13,173 | — | (13,173 | ) | — | |||||||||||||||||||
As corrected - Net cash from (for) operating activities | $ | 34,874 | $ | (8,162 | ) | $ | (6,326 | ) | $ | 81,364 | $ | (19,194 | ) | $ | 82,556 | |||||||||||
As reported - Net cash from (for) investing activities | $ | (342 | ) | $ | 37,167 | $ | (21,709 | ) | $ | (19,447 | ) | $ | (74,858 | ) | $ | (79,189 | ) | |||||||||
Investment in joint ventures and affiliates | (38,056 | ) | (37,167 | ) | 18,274 | (17,909 | ) | 74,858 | — | |||||||||||||||||
Intercompany receivables (payments) receipts | — | 13,869 | — | (5,384 | ) | (8,485 | ) | — | ||||||||||||||||||
As corrected - Net cash from (for) investing activities | $ | (38,398 | ) | $ | 13,869 | $ | (3,435 | ) | $ | (42,740 | ) | $ | (8,485 | ) | $ | (79,189 | ) | |||||||||
As reported - Net cash from (for) financing activities | $ | (29,466 | ) | $ | (7,240 | ) | $ | (474 | ) | $ | — | $ | — | $ | (37,180 | ) | ||||||||||
Dividends paid | — | — | (13,173 | ) | — | 13,173 | — | |||||||||||||||||||
Intercompany payables (payments) receipts | 7,990 | 1,089 | (3,631 | ) | (13,933 | ) | 8,485 | — | ||||||||||||||||||
As corrected - Net cash from (for) financing activities | $ | (21,476 | ) | $ | (6,151 | ) | $ | (17,278 | ) | $ | (13,933 | ) | $ | 21,658 | $ | (37,180 | ) | |||||||||
Condensed Consolidating Statements of Cash Flows | ||||||||||||||||||||||||||
For the Twelve Month Period Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||||||
As reported - Net cash from (for) operating activities | $ | 210,085 | $ | (47,009 | ) | $ | 29,440 | $ | 140,865 | $ | (30,675 | ) | $ | 302,706 | ||||||||||||
Investment in joint ventures and affiliates | 27,874 | (30,140 | ) | (15,735 | ) | (12,174 | ) | 30,175 | — | |||||||||||||||||
Intercompany receivables (payments) receipts | — | — | — | 18,148 | (18,148 | ) | — | |||||||||||||||||||
Intercompany payables (payments) receipts | (47,465 | ) | 28,405 | 912 | — | 18,148 | — | |||||||||||||||||||
Dividends paid | — | — | 13,173 | — | (13,173 | ) | — | |||||||||||||||||||
As corrected - Net cash from (for) operating activities | $ | 190,494 | $ | (48,744 | ) | $ | 27,790 | $ | 146,839 | $ | (13,673 | ) | $ | 302,706 | ||||||||||||
As reported - Net cash from (for) investing activities | $ | (19,923 | ) | $ | (30,148 | ) | $ | (20,139 | ) | $ | (54,075 | ) | $ | 30,175 | $ | (79,189 | ) | |||||||||
Investment in joint ventures and affiliates | (27,874 | ) | 30,140 | 15,735 | 12,174 | (30,175 | ) | — | ||||||||||||||||||
Intercompany term debt receipts | — | 86,362 | — | — | (86,362 | ) | — | |||||||||||||||||||
Intercompany receivables (payments) receipts | — | (43,948 | ) | — | (62,033 | ) | 105,981 | — | ||||||||||||||||||
As corrected - Net cash from (for) investing activities | $ | (47,797 | ) | $ | 42,406 | $ | (4,404 | ) | $ | (103,934 | ) | $ | 19,619 | $ | (94,110 | ) | ||||||||||
As reported - Net cash from (for) financing activities | $ | (190,162 | ) | $ | 77,157 | $ | (585 | ) | $ | (86,362 | ) | $ | — | $ | (199,952 | ) | ||||||||||
Dividends paid | — | — | (13,173 | ) | — | 13,173 | — | |||||||||||||||||||
Intercompany term debt receipts | — | (86,362 | ) | — | — | 86,362 | — | |||||||||||||||||||
Intercompany payables (payments) receipts | 47,465 | 15,543 | (912 | ) | 43,885 | (105,981 | ) | — | ||||||||||||||||||
As corrected - Net cash from (for) financing activities | $ | (142,697 | ) | $ | 6,338 | $ | (14,670 | ) | $ | (42,477 | ) | $ | (6,446 | ) | $ | (199,952 | ) | |||||||||
These revisions had no effect on the Partnership's Unaudited Condensed Consolidated Balance Sheets, Statements of Operations and Comprehensive Income, Statements of Partner's Equity, or Statements of Cash Flows. | ||||||||||||||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
Receivables | 59 | 104,035 | 93,286 | 571,632 | (702,451 | ) | 66,561 | |||||||||||||||||||
Inventories | — | 5,732 | 4,091 | 35,748 | — | 45,571 | ||||||||||||||||||||
Current deferred tax asset | — | 18,655 | 800 | 3,445 | — | 22,900 | ||||||||||||||||||||
Other current assets | 691 | 14,115 | 5,974 | 13,500 | (2,882 | ) | 31,398 | |||||||||||||||||||
750 | 142,537 | 123,576 | 654,311 | (714,610 | ) | 206,564 | ||||||||||||||||||||
Property and Equipment (net) | 471,252 | 8,206 | 247,632 | 830,074 | — | 1,557,164 | ||||||||||||||||||||
Investment in Park | 466,213 | 767,266 | 149,180 | 32,308 | (1,414,967 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 117,371 | 111,218 | — | 237,650 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,639 | 22,870 | — | 39,509 | ||||||||||||||||||||
Deferred Tax Asset | — | 32,025 | — | 117 | (32,142 | ) | — | |||||||||||||||||||
Other Assets | 11,680 | 21,649 | 9,276 | 2,304 | — | 44,909 | ||||||||||||||||||||
$ | 958,956 | $ | 971,683 | $ | 663,674 | $ | 1,653,202 | $ | (2,161,719 | ) | $ | 2,085,796 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 1,724 | $ | 1,231 | $ | 70 | $ | — | $ | — | $ | 3,025 | ||||||||||||||
Accounts payable | 218,225 | 233,203 | 15,070 | 282,733 | (711,728 | ) | 37,503 | |||||||||||||||||||
Deferred revenue | — | 636 | 15,824 | 117,337 | — | 133,797 | ||||||||||||||||||||
Accrued interest | 6,422 | 4,251 | 1,843 | — | — | 12,516 | ||||||||||||||||||||
Accrued taxes | 6,054 | 1,196 | — | 2,885 | (2,882 | ) | 7,253 | |||||||||||||||||||
Accrued salaries, wages and benefits | — | 23,850 | 2,303 | 9,487 | — | 35,640 | ||||||||||||||||||||
Self-insurance reserves | — | 5,534 | 1,772 | 16,353 | — | 23,659 | ||||||||||||||||||||
Other accrued liabilities | 376 | 5,554 | 1,095 | 2,380 | — | 9,405 | ||||||||||||||||||||
232,801 | 275,455 | 37,977 | 431,175 | (714,610 | ) | 262,798 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 57,540 | 131,648 | (32,142 | ) | 157,046 | |||||||||||||||||||
Derivative Liability | 17,700 | 12,410 | — | — | — | 30,110 | ||||||||||||||||||||
Other Liabilities | — | 4,039 | — | 3,363 | — | 7,402 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Revolving credit loans | 39,000 | — | — | — | — | 39,000 | ||||||||||||||||||||
Term debt | 350,943 | 250,730 | 14,152 | — | — | 615,825 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 450,000 | — | — | 950,000 | ||||||||||||||||||||
684,840 | 455,833 | 464,152 | — | — | 1,604,825 | |||||||||||||||||||||
Equity | 23,615 | 223,946 | 104,005 | 1,087,016 | (1,414,967 | ) | 23,615 | |||||||||||||||||||
$ | 958,956 | $ | 971,683 | $ | 663,674 | $ | 1,653,202 | $ | (2,161,719 | ) | $ | 2,085,796 | ||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 75,000 | $ | 4,144 | $ | 35,575 | $ | 3,337 | $ | — | $ | 118,056 | ||||||||||||||
Receivables | 6 | 115,972 | 67,829 | 552,633 | (715,107 | ) | 21,333 | |||||||||||||||||||
Inventories | — | 1,968 | 1,898 | 22,214 | — | 26,080 | ||||||||||||||||||||
Current deferred tax asset | — | 5,430 | 800 | 3,445 | — | 9,675 | ||||||||||||||||||||
Other current assets | 599 | 4,443 | 14,266 | 7,764 | (15,719 | ) | 11,353 | |||||||||||||||||||
75,605 | 131,957 | 120,368 | 589,393 | (730,826 | ) | 186,497 | ||||||||||||||||||||
Property and Equipment (net) | 447,724 | 976 | 243,208 | 813,855 | — | 1,505,763 | ||||||||||||||||||||
Investment in Park | 514,948 | 796,735 | 142,668 | 63,948 | (1,518,299 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 117,810 | 111,218 | — | 238,089 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,683 | 22,788 | — | 39,471 | ||||||||||||||||||||
Deferred Tax Asset | — | 31,122 | — | 117 | (31,239 | ) | — | |||||||||||||||||||
Other Assets | 25,210 | 10,002 | 6,657 | 2,938 | — | 44,807 | ||||||||||||||||||||
$ | 1,072,548 | $ | 970,792 | $ | 647,394 | $ | 1,604,257 | $ | (2,280,364 | ) | $ | 2,014,627 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Accounts payable | $ | 259,850 | $ | 188,818 | $ | 17,632 | $ | 262,029 | $ | (715,107 | ) | $ | 13,222 | |||||||||||||
Deferred revenue | — | — | 2,815 | 41,706 | — | 44,521 | ||||||||||||||||||||
Accrued interest | 4,637 | 3,223 | 15,341 | — | — | 23,201 | ||||||||||||||||||||
Accrued taxes | 4,609 | — | — | 30,591 | (15,719 | ) | 19,481 | |||||||||||||||||||
Accrued salaries, wages and benefits | — | 21,596 | 1,101 | 6,503 | — | 29,200 | ||||||||||||||||||||
Self-insurance reserves | — | 5,757 | 1,742 | 16,154 | — | 23,653 | ||||||||||||||||||||
Other accrued liabilities | 1,146 | 2,993 | 181 | 1,201 | — | 5,521 | ||||||||||||||||||||
270,242 | 222,387 | 38,812 | 358,184 | (730,826 | ) | 158,799 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 57,704 | 131,648 | (31,239 | ) | 158,113 | |||||||||||||||||||
Derivative Liability | 15,610 | 11,052 | — | — | — | 26,662 | ||||||||||||||||||||
Other Liabilities | — | 7,858 | — | 3,432 | — | 11,290 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Term debt | 352,668 | 251,961 | 14,221 | — | — | 618,850 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 401,782 | — | — | 901,782 | ||||||||||||||||||||
647,565 | 457,064 | 416,003 | — | — | 1,520,632 | |||||||||||||||||||||
Equity | 139,131 | 272,431 | 134,875 | 1,110,993 | (1,518,299 | ) | 139,131 | |||||||||||||||||||
$ | 1,072,548 | $ | 970,792 | $ | 647,394 | $ | 1,604,257 | $ | (2,280,364 | ) | $ | 2,014,627 | ||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
Receivables | 250 | 86,025 | 80,435 | 517,925 | (617,436 | ) | 67,199 | |||||||||||||||||||
Inventories | — | 4,639 | 4,182 | 36,631 | — | 45,452 | ||||||||||||||||||||
Current deferred tax asset | — | 23,822 | 816 | 3,664 | — | 28,302 | ||||||||||||||||||||
Other current assets | 620 | 11,440 | 2,066 | 19,762 | — | 33,888 | ||||||||||||||||||||
870 | 125,926 | 109,244 | 605,886 | (623,457 | ) | 218,469 | ||||||||||||||||||||
Property and Equipment (net) | 463,783 | 994 | 250,249 | 835,875 | — | 1,550,901 | ||||||||||||||||||||
Investment in Park | 447,080 | 735,017 | 129,942 | 38,992 | (1,351,031 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 119,201 | 111,218 | — | 239,480 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,880 | 22,839 | — | 39,719 | ||||||||||||||||||||
Deferred Tax Asset | — | 34,028 | — | 90 | (34,118 | ) | — | |||||||||||||||||||
Other Assets | 13,605 | 9,382 | 7,112 | 2,227 | — | 32,326 | ||||||||||||||||||||
$ | 934,399 | $ | 905,347 | $ | 632,628 | $ | 1,617,127 | $ | (2,008,606 | ) | $ | 2,080,895 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 3,590 | $ | 2,565 | $ | 145 | $ | — | $ | — | $ | 6,300 | ||||||||||||||
Accounts payable | 155,522 | 208,924 | 7,971 | 285,379 | (623,457 | ) | 34,339 | |||||||||||||||||||
Deferred revenue | — | — | 18,719 | 113,646 | — | 132,365 | ||||||||||||||||||||
Accrued interest | 5,189 | 3,563 | 15,192 | — | — | 23,944 | ||||||||||||||||||||
Accrued taxes | 6,534 | 458 | 181 | 2,848 | — | 10,021 | ||||||||||||||||||||
Accrued salaries, wages and benefits | 1 | 18,642 | 2,153 | 9,100 | — | 29,896 | ||||||||||||||||||||
Self-insurance reserves | — | 5,535 | 1,727 | 17,330 | — | 24,592 | ||||||||||||||||||||
Other accrued liabilities | 860 | 4,421 | 715 | 2,793 | — | 8,789 | ||||||||||||||||||||
171,696 | 244,108 | 46,803 | 431,096 | (623,457 | ) | 270,246 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 61,544 | 126,866 | (34,118 | ) | 154,292 | |||||||||||||||||||
Derivative Liability | 16,039 | 10,733 | — | — | — | 26,772 | ||||||||||||||||||||
Other Liabilities | — | 5,296 | — | 3,500 | — | 8,796 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Revolving credit loans | 58,000 | — | — | — | — | 58,000 | ||||||||||||||||||||
Term debt | 354,534 | 253,294 | 14,297 | — | — | 622,125 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 401,431 | — | — | 901,431 | ||||||||||||||||||||
707,431 | 458,397 | 415,728 | — | — | 1,581,556 | |||||||||||||||||||||
Equity | 39,233 | 186,813 | 108,553 | 1,055,665 | (1,351,031 | ) | 39,233 | |||||||||||||||||||
$ | 934,399 | $ | 905,347 | $ | 632,628 | $ | 1,617,127 | $ | (2,008,606 | ) | $ | 2,080,895 | ||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Three Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 43,084 | $ | 79,737 | $ | 33,878 | $ | 328,013 | $ | (121,698 | ) | $ | 363,014 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 2,881 | 28,130 | — | 31,090 | ||||||||||||||||||||
Operating expenses | 1,312 | 54,893 | 15,124 | 197,561 | (121,698 | ) | 147,192 | |||||||||||||||||||
Selling, general and administrative | 1,467 | 27,495 | 3,886 | 13,769 | — | 46,617 | ||||||||||||||||||||
Depreciation and amortization | 14,011 | 94 | 6,502 | 26,367 | — | 46,974 | ||||||||||||||||||||
Gain on sale of other assets | — | — | — | (921 | ) | — | (921 | ) | ||||||||||||||||||
(Gain) loss on impairment / retirement of fixed assets, net | — | (1 | ) | — | 216 | — | 215 | |||||||||||||||||||
16,790 | 82,560 | 28,393 | 265,122 | (121,698 | ) | 271,167 | ||||||||||||||||||||
Operating income (loss) | 26,294 | (2,823 | ) | 5,485 | 62,891 | — | 91,847 | |||||||||||||||||||
Interest expense (income), net | 10,533 | 7,354 | 11,933 | (1,919 | ) | — | 27,901 | |||||||||||||||||||
Net effect of swaps | (178 | ) | (137 | ) | — | — | — | (315 | ) | |||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency gain | — | — | (16,102 | ) | — | — | (16,102 | ) | ||||||||||||||||||
Other (income) expense | 188 | (2,415 | ) | 531 | 1,696 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (30,914 | ) | (21,721 | ) | (10,576 | ) | 1,929 | 61,282 | — | |||||||||||||||||
Income (loss) before taxes | 46,665 | 14,096 | (9,574 | ) | 61,185 | (61,282 | ) | 51,090 | ||||||||||||||||||
Provision (benefit) for taxes | 2,763 | (3,481 | ) | (7,645 | ) | 15,551 | — | 7,188 | ||||||||||||||||||
Net income (loss) | $ | 43,902 | $ | 17,577 | $ | (1,929 | ) | $ | 45,634 | $ | (61,282 | ) | $ | 43,902 | ||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | (2,317 | ) | — | (2,317 | ) | — | 2,317 | (2,317 | ) | |||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | (2,241 | ) | (644 | ) | — | — | 644 | (2,241 | ) | |||||||||||||||||
Other comprehensive income (loss), (net of tax) | (4,558 | ) | (644 | ) | (2,317 | ) | — | 2,961 | (4,558 | ) | ||||||||||||||||
Total Comprehensive Income (loss) | $ | 39,344 | $ | 16,933 | $ | (4,246 | ) | $ | 45,634 | $ | (58,321 | ) | $ | 39,344 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Three Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 43,925 | $ | 85,358 | $ | 34,954 | $ | 326,473 | $ | (129,090 | ) | $ | 361,620 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 2,994 | 28,059 | — | 31,053 | ||||||||||||||||||||
Operating expenses | 1,408 | 52,246 | 15,586 | 201,134 | (129,090 | ) | 141,284 | |||||||||||||||||||
Selling, general and administrative | 1,222 | 26,888 | 3,868 | 13,789 | — | 45,767 | ||||||||||||||||||||
Depreciation and amortization | 12,891 | 9 | 6,818 | 26,314 | — | 46,032 | ||||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | — | — | — | 29 | — | 29 | ||||||||||||||||||||
15,521 | 79,143 | 29,266 | 269,325 | (129,090 | ) | 264,165 | ||||||||||||||||||||
Operating income | 28,404 | 6,215 | 5,688 | 57,148 | — | 97,455 | ||||||||||||||||||||
Interest expense, net | 10,210 | 7,246 | 9,843 | (1,507 | ) | — | 25,792 | |||||||||||||||||||
Net effect of swaps | (1,378 | ) | (895 | ) | — | — | — | (2,273 | ) | |||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 14,886 | — | — | 14,886 | ||||||||||||||||||||
Other (income) expense | 187 | (2,128 | ) | 583 | 1,358 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (30,875 | ) | (15,540 | ) | (8,232 | ) | 4,649 | 49,998 | — | |||||||||||||||||
Income (loss) before taxes | 50,260 | 17,532 | (11,392 | ) | 52,648 | (49,998 | ) | 59,050 | ||||||||||||||||||
Provision (benefit) for taxes | 2,870 | 684 | (6,732 | ) | 14,838 | — | 11,660 | |||||||||||||||||||
Net income (loss) | $ | 47,390 | $ | 16,848 | $ | (4,660 | ) | $ | 37,810 | $ | (49,998 | ) | $ | 47,390 | ||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 1,592 | — | 1,592 | — | (1,592 | ) | 1,592 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 1,679 | 503 | — | — | (503 | ) | 1,679 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 3,271 | 503 | 1,592 | — | (2,095 | ) | 3,271 | |||||||||||||||||||
Total Comprehensive Income (loss) | $ | 50,661 | $ | 17,351 | $ | (3,068 | ) | $ | 37,810 | $ | (52,093 | ) | $ | 50,661 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Six Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 47,839 | $ | 88,416 | $ | 34,029 | $ | 368,325 | $ | (135,129 | ) | $ | 403,480 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 2,882 | 33,114 | — | 36,075 | ||||||||||||||||||||
Operating expenses | 2,660 | 77,355 | 22,061 | 260,595 | (135,129 | ) | 227,542 | |||||||||||||||||||
Selling, general and administrative | 2,863 | 44,167 | 4,759 | 16,232 | — | 68,021 | ||||||||||||||||||||
Depreciation and amortization | 14,485 | 103 | 6,502 | 30,191 | — | 51,281 | ||||||||||||||||||||
Gain on sale of other assets | — | — | — | (921 | ) | — | (921 | ) | ||||||||||||||||||
Loss (gain) on impairment / retirement of fixed assets, net | 249 | (1 | ) | — | 964 | — | 1,212 | |||||||||||||||||||
20,257 | 121,703 | 36,204 | 340,175 | (135,129 | ) | 383,210 | ||||||||||||||||||||
Operating income | 27,582 | (33,287 | ) | (2,175 | ) | 28,150 | — | 20,270 | ||||||||||||||||||
Interest expense (income), net | 20,732 | 14,365 | 21,401 | (3,938 | ) | — | 52,560 | |||||||||||||||||||
Net effect of swaps | 16 | 40 | — | — | — | 56 | ||||||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency gain | — | — | 1,082 | — | — | 1,082 | ||||||||||||||||||||
Other (income) expense | 375 | (5,689 | ) | 905 | 4,409 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | 42,674 | 25,422 | (6,512 | ) | 30,173 | (91,757 | ) | — | ||||||||||||||||||
Income (loss) before taxes | (36,215 | ) | (67,425 | ) | (48,324 | ) | (2,494 | ) | 91,757 | (62,701 | ) | |||||||||||||||
Provision (benefit) for taxes | 3,423 | (13,903 | ) | (18,151 | ) | 5,568 | — | (23,063 | ) | |||||||||||||||||
Net loss | $ | (39,638 | ) | $ | (53,522 | ) | $ | (30,173 | ) | $ | (8,062 | ) | $ | 91,757 | $ | (39,638 | ) | |||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | (696 | ) | — | (696 | ) | — | 696 | (696 | ) | |||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | (2,891 | ) | (817 | ) | — | — | 817 | (2,891 | ) | |||||||||||||||||
Other comprehensive income (loss), (net of tax) | (3,587 | ) | (817 | ) | (696 | ) | — | 1,513 | (3,587 | ) | ||||||||||||||||
Total Comprehensive Loss | $ | (43,225 | ) | $ | (54,339 | ) | $ | (30,869 | ) | $ | (8,062 | ) | $ | 93,270 | $ | (43,225 | ) | |||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 48,243 | $ | 93,729 | $ | 35,243 | $ | 367,983 | $ | (141,779 | ) | $ | 403,419 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 2,994 | 33,096 | — | 36,090 | ||||||||||||||||||||
Operating expenses | 2,831 | 73,852 | 21,527 | 261,510 | (141,779 | ) | 217,941 | |||||||||||||||||||
Selling, general and administrative | 2,514 | 43,501 | 4,579 | 16,212 | — | 66,806 | ||||||||||||||||||||
Depreciation and amortization | 13,366 | 18 | 6,818 | 30,616 | — | 50,818 | ||||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | 36 | — | 478 | 115 | — | 629 | ||||||||||||||||||||
18,747 | 117,371 | 36,396 | 341,549 | (141,779 | ) | 372,284 | ||||||||||||||||||||
Operating income (loss) | 29,496 | (23,642 | ) | (1,153 | ) | 26,434 | — | 31,135 | ||||||||||||||||||
Interest expense, net | 20,722 | 14,923 | 19,607 | (3,737 | ) | — | 51,515 | |||||||||||||||||||
Net effect of swaps | 4,257 | 2,681 | — | — | — | 6,938 | ||||||||||||||||||||
Loss on early debt extinguishment | 21,175 | 12,781 | 617 | — | — | 34,573 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 23,844 | — | — | 23,844 | ||||||||||||||||||||
Other (income) expense | 375 | (4,516 | ) | 1,383 | 2,758 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | 41,221 | 20,100 | (4,712 | ) | 25,876 | (82,485 | ) | — | ||||||||||||||||||
Income (loss) before taxes | (58,254 | ) | (69,611 | ) | (41,892 | ) | 1,537 | 82,485 | (85,735 | ) | ||||||||||||||||
Provision (benefit) for taxes | 3,482 | (16,981 | ) | (15,986 | ) | 5,486 | — | (23,999 | ) | |||||||||||||||||
Net loss | $ | (61,736 | ) | $ | (52,630 | ) | $ | (25,906 | ) | $ | (3,949 | ) | $ | 82,485 | $ | (61,736 | ) | |||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 1,893 | — | 1,893 | — | (1,893 | ) | 1,893 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 10,564 | 3,038 | — | — | (3,038 | ) | 10,564 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 12,457 | 3,038 | 1,893 | — | (4,931 | ) | 12,457 | |||||||||||||||||||
Total Comprehensive Loss | $ | (49,279 | ) | $ | (49,592 | ) | $ | (24,013 | ) | $ | (3,949 | ) | $ | 77,554 | $ | (49,279 | ) | |||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Twelve Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 152,065 | $ | 290,764 | $ | 126,478 | $ | 1,006,811 | $ | (441,485 | ) | $ | 1,134,633 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 9,210 | 82,468 | — | 91,757 | ||||||||||||||||||||
Operating expenses | 5,832 | 187,107 | 48,304 | 682,187 | (441,485 | ) | 481,945 | |||||||||||||||||||
Selling, general and administrative | 6,066 | 101,491 | 11,164 | 34,906 | — | 153,627 | ||||||||||||||||||||
Depreciation and amortization | 37,926 | 122 | 17,017 | 67,885 | — | 122,950 | ||||||||||||||||||||
(Gain) on sale of other assets | — | — | — | (9,664 | ) | — | (9,664 | ) | ||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | 637 | (1 | ) | 1 | 2,485 | — | 3,122 | |||||||||||||||||||
50,461 | 288,798 | 85,696 | 860,267 | (441,485 | ) | 843,737 | ||||||||||||||||||||
Operating income | 101,604 | 1,966 | 40,782 | 146,544 | — | 290,896 | ||||||||||||||||||||
Interest (income) expense, net | 42,640 | 28,317 | 41,170 | (8,165 | ) | — | 103,962 | |||||||||||||||||||
Net effect of swaps | (51 | ) | 52 | — | — | — | 1 | |||||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 6,179 | — | — | 6,179 | ||||||||||||||||||||
Other (income) expense | 750 | (12,430 | ) | 3,201 | 8,479 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (82,104 | ) | (32,198 | ) | (19,238 | ) | 6,774 | 126,766 | — | |||||||||||||||||
Income (loss) before taxes | 140,369 | 18,225 | (19,803 | ) | 139,456 | (126,766 | ) | 151,481 | ||||||||||||||||||
Provision (benefit) for taxes | 10,067 | (9,055 | ) | (13,021 | ) | 33,188 | — | 21,179 | ||||||||||||||||||
Net income (loss) | $ | 130,302 | $ | 27,280 | $ | (6,782 | ) | $ | 106,268 | $ | (126,766 | ) | $ | 130,302 | ||||||||||||
Other comprehensive income, (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 167 | — | 167 | — | (167 | ) | 167 | |||||||||||||||||||
Unrealized income on cash flow hedging derivatives | (2,719 | ) | (1,007 | ) | — | — | 1,007 | (2,719 | ) | |||||||||||||||||
Other comprehensive income, (net of tax) | (2,552 | ) | (1,007 | ) | 167 | — | 840 | (2,552 | ) | |||||||||||||||||
Total Comprehensive Income (loss) | $ | 127,750 | $ | 26,273 | $ | (6,615 | ) | $ | 106,268 | $ | (125,926 | ) | $ | 127,750 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Twelve Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 148,757 | $ | 271,778 | $ | 133,554 | $ | 952,082 | $ | (420,102 | ) | $ | 1,086,069 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 9,769 | 84,796 | — | 94,565 | ||||||||||||||||||||
Operating expenses | 5,438 | 177,188 | 47,798 | 641,501 | (420,102 | ) | 451,823 | |||||||||||||||||||
Selling, general and administrative | 6,021 | 91,895 | 10,659 | 34,047 | — | 142,622 | ||||||||||||||||||||
Depreciation and amortization | 36,799 | 40 | 18,032 | 70,265 | — | 125,136 | ||||||||||||||||||||
(Gain) on sale of other assets | — | — | — | (6,625 | ) | — | (6,625 | ) | ||||||||||||||||||
Loss (gain) on impairment / retirement of fixed assets, net | 25,950 | — | 475 | 5,310 | — | 31,735 | ||||||||||||||||||||
74,208 | 269,123 | 86,733 | 829,294 | (420,102 | ) | 839,256 | ||||||||||||||||||||
Operating income | 74,549 | 2,655 | 46,821 | 122,788 | — | 246,813 | ||||||||||||||||||||
Interest expense, net | 45,022 | 29,552 | 39,476 | (9,005 | ) | — | 105,045 | |||||||||||||||||||
Net effect of swaps | 4,050 | 2,539 | — | — | — | 6,589 | ||||||||||||||||||||
Loss on early debt extinguishment | 21,175 | 12,781 | 617 | — | — | 34,573 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 13,737 | — | — | 13,737 | ||||||||||||||||||||
Other (income) expense | 749 | (8,947 | ) | 2,694 | 5,504 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (74,816 | ) | (52,527 | ) | (15,768 | ) | (12,687 | ) | 155,798 | — | ||||||||||||||||
Income before taxes | 78,369 | 19,257 | 6,065 | 138,976 | (155,798 | ) | 86,869 | |||||||||||||||||||
Provision (benefit) for taxes | 9,417 | (13,289 | ) | (8,917 | ) | 30,706 | — | 17,917 | ||||||||||||||||||
Net income | $ | 68,952 | $ | 32,546 | $ | 14,982 | $ | 108,270 | $ | (155,798 | ) | $ | 68,952 | |||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 2,950 | — | 2,950 | — | (2,950 | ) | 2,950 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 12,735 | 3,635 | — | — | (3,635 | ) | 12,735 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 15,685 | 3,635 | 2,950 | — | (6,585 | ) | 15,685 | |||||||||||||||||||
Total Comprehensive Income | $ | 84,637 | $ | 36,181 | $ | 17,932 | $ | 108,270 | $ | (162,383 | ) | $ | 84,637 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Six Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM OPERATING ACTIVITIES | $ | 57,348 | $ | (48,952 | ) | $ | (22,362 | ) | $ | 76,734 | $ | (10,531 | ) | $ | 52,237 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables receipts | — | 7,625 | — | 3,829 | (11,454 | ) | — | |||||||||||||||||||
Sale of other assets | — | — | — | 1,377 | — | 1,377 | ||||||||||||||||||||
Capital expenditures | (47,494 | ) | (193 | ) | (11,573 | ) | (47,430 | ) | — | (106,690 | ) | |||||||||||||||
Net cash from investing activities | (47,494 | ) | 7,432 | (11,573 | ) | (42,224 | ) | (11,454 | ) | (105,313 | ) | |||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | 39,000 | — | — | — | — | 39,000 | ||||||||||||||||||||
Note borrowings | — | — | 450,000 | — | — | 450,000 | ||||||||||||||||||||
Note payments, including amounts paid for early termination | — | — | (426,148 | ) | — | — | (426,148 | ) | ||||||||||||||||||
Distributions paid | (79,544 | ) | — | — | — | 1,269 | (78,275 | ) | ||||||||||||||||||
Payment of debt issuance costs | — | — | (9,795 | ) | — | — | (9,795 | ) | ||||||||||||||||||
Intercompany payables (payments) receipts | (44,310 | ) | 38,101 | 2,631 | (7,861 | ) | 11,439 | — | ||||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | (725 | ) | — | — | — | (725 | ) | ||||||||||||||||||
Net cash (for) financing activities | (84,854 | ) | 37,376 | 16,688 | (7,861 | ) | 12,708 | (25,943 | ) | |||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | 1,097 | — | — | 1,097 | ||||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | (75,000 | ) | (4,144 | ) | (16,150 | ) | 26,649 | (9,277 | ) | (77,922 | ) | |||||||||||||||
Balance, beginning of period | 75,000 | 4,144 | 35,575 | 3,337 | — | 118,056 | ||||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM (FOR) OPERATING ACTIVITIES | $ | 34,874 | $ | (8,162 | ) | $ | (6,326 | ) | $ | 81,364 | $ | (19,194 | ) | $ | 82,556 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables (payments) receipts | — | 13,869 | — | (5,384 | ) | (8,485 | ) | — | ||||||||||||||||||
Capital expenditures | (38,398 | ) | — | (3,435 | ) | (37,356 | ) | — | (79,189 | ) | ||||||||||||||||
Net cash from (for) investing activities | (38,398 | ) | 13,869 | (3,435 | ) | (42,740 | ) | (8,485 | ) | (79,189 | ) | |||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | 58,000 | — | — | — | — | 58,000 | ||||||||||||||||||||
Term debt borrowings | 359,022 | 256,500 | — | 14,478 | — | — | 630,000 | |||||||||||||||||||
Note borrowings | 294,897 | 205,103 | — | — | — | 500,000 | ||||||||||||||||||||
Payment of debt issuance costs | (14,312 | ) | (8,014 | ) | (438 | ) | — | — | (22,764 | ) | ||||||||||||||||
Term debt payments, including amounts paid for early termination | (655,723 | ) | (462,438 | ) | (14,514 | ) | — | — | (1,132,675 | ) | ||||||||||||||||
Distributions/dividends paid | (71,350 | ) | 1,711 | (13,173 | ) | — | 13,173 | (69,639 | ) | |||||||||||||||||
Intercompany payables (payments) receipts | 7,990 | 1,089 | (3,631 | ) | (13,933 | ) | 8,485 | — | ||||||||||||||||||
Exercise of limited partnership unit options | — | 28 | — | — | — | 28 | ||||||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | (130 | ) | — | — | — | (130 | ) | ||||||||||||||||||
Net cash (for) financing activities | (21,476 | ) | (6,151 | ) | (17,278 | ) | (13,933 | ) | 21,658 | (37,180 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | (1,389 | ) | — | — | (1,389 | ) | ||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase for the period | (25,000 | ) | (444 | ) | (28,428 | ) | 24,691 | (6,021 | ) | (35,202 | ) | |||||||||||||||
Balance, beginning of period | 25,000 | 444 | 50,173 | 3,213 | — | 78,830 | ||||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Twelve Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM OPERATING ACTIVITIES | $ | 184,623 | $ | (16,592 | ) | $ | (1,723 | ) | $ | 133,985 | $ | (6,009 | ) | $ | 294,284 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables (payments) receipts | — | 37,779 | — | (45,923 | ) | 8,144 | — | |||||||||||||||||||
Sale of other assets | — | — | — | 16,674 | — | 16,674 | ||||||||||||||||||||
Capital expenditures | (65,349 | ) | (193 | ) | (17,667 | ) | (64,639 | ) | — | (147,848 | ) | |||||||||||||||
Net cash (for) investing activities | (65,349 | ) | 37,586 | (17,667 | ) | (93,888 | ) | 8,144 | (131,174 | ) | ||||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | (19,000 | ) | — | — | — | — | (19,000 | ) | ||||||||||||||||||
Note borrowings | — | — | 450,000 | — | — | 450,000 | ||||||||||||||||||||
Term debt payments, including amounts paid for early termination | (5,457 | ) | (3,898 | ) | (220 | ) | — | — | (9,575 | ) | ||||||||||||||||
Note payments, including amounts paid for early termination | — | — | (426,148 | ) | — | — | (426,148 | ) | ||||||||||||||||||
Distributions paid | (154,847 | ) | — | — | — | 2,753 | (152,094 | ) | ||||||||||||||||||
Intercompany payables (payments) receipts | 60,253 | (17,224 | ) | 3,130 | (38,015 | ) | (8,144 | ) | — | |||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | 260 | — | — | — | 260 | ||||||||||||||||||||
Payment of debt issuance costs | (223 | ) | (156 | ) | (9,901 | ) | — | — | (10,280 | ) | ||||||||||||||||
Exercise of limited partnership unit options | — | 24 | — | — | — | 24 | ||||||||||||||||||||
Net cash (for) financing activities | (119,274 | ) | (20,994 | ) | 16,861 | (38,015 | ) | (5,391 | ) | (166,813 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | 209 | — | — | 209 | ||||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | — | — | (2,320 | ) | 2,082 | (3,256 | ) | (3,494 | ) | |||||||||||||||||
Balance, beginning of period | — | — | 21,745 | 27,904 | (6,021 | ) | 43,628 | |||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Twelve Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM (FOR) OPERATING ACTIVITIES | $ | 190,494 | $ | (48,744 | ) | $ | 27,790 | $ | 146,839 | $ | (13,673 | ) | $ | 302,706 | ||||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany term debt receipts | — | 86,362 | — | — | (86,362 | ) | — | |||||||||||||||||||
Intercompany receivables payments | — | (43,948 | ) | — | (62,033 | ) | 105,981 | — | ||||||||||||||||||
Sale of other assets | — | — | — | 14,885 | — | 14,885 | ||||||||||||||||||||
Capital expenditures | (47,797 | ) | (8 | ) | (4,404 | ) | (56,786 | ) | — | (108,995 | ) | |||||||||||||||
Net cash from (for) investing activities | (47,797 | ) | 42,406 | (4,404 | ) | (103,934 | ) | 19,619 | (94,110 | ) | ||||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | (53,000 | ) | — | — | — | — | (53,000 | ) | ||||||||||||||||||
Term debt borrowings | 359,022 | 256,500 | 14,478 | — | — | 630,000 | ||||||||||||||||||||
Note borrowings | 294,897 | 205,103 | — | — | — | 500,000 | ||||||||||||||||||||
Intercompany term debt payments | — | — | — | (86,362 | ) | 86,362 | — | |||||||||||||||||||
Term debt payments, including amounts paid for early termination | (660,931 | ) | (466,114 | ) | (14,630 | ) | — | — | (1,141,675 | ) | ||||||||||||||||
Distributions/dividends (paid) received | (115,839 | ) | 1,746 | (13,173 | ) | — | 13,173 | (114,093 | ) | |||||||||||||||||
Intercompany payables (payments) receipts | 47,465 | 15,543 | (912 | ) | 43,885 | (105,981 | ) | — | ||||||||||||||||||
Payment of debt issuance costs | (14,311 | ) | (8,014 | ) | (433 | ) | — | — | (22,758 | ) | ||||||||||||||||
Exercise of limited partnership unit options | — | 57 | — | — | — | 57 | ||||||||||||||||||||
Excess tax benefit from unit-based compensation | — | 1,517 | — | — | — | 1,517 | ||||||||||||||||||||
Net cash from (for) financing activities | (142,697 | ) | 6,338 | (14,670 | ) | (42,477 | ) | (6,446 | ) | (199,952 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | (945 | ) | — | — | (945 | ) | ||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | — | — | 7,771 | 428 | (500 | ) | 7,699 | |||||||||||||||||||
Balance, beginning of period | — | — | 13,974 | 27,476 | (5,521 | ) | 35,929 | |||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 6 Months Ended | ||||||||||||
Jun. 29, 2014 | |||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ||||||||||||
Summary of changes in Partnership's carrying value of goodwill | ' | ||||||||||||
A summary of changes in the Partnership’s carrying value of goodwill for the six months ended June 29, 2014 and June 30, 2013 is as follows: | |||||||||||||
(In thousands) | Goodwill | Accumulated | Goodwill | ||||||||||
(gross) | Impairment | (net) | |||||||||||
Losses | |||||||||||||
Balance at December 31, 2012 | $ | 326,089 | $ | (79,868 | ) | $ | 246,221 | ||||||
Foreign currency translation | (6,741 | ) | — | (6,741 | ) | ||||||||
Balance at June 30, 2013 | $ | 319,348 | $ | (79,868 | ) | $ | 239,480 | ||||||
Balance at December 31, 2013 | $ | 317,957 | $ | (79,868 | ) | $ | 238,089 | ||||||
Foreign currency translation | (439 | ) | — | (439 | ) | ||||||||
Balance at June 29, 2014 | $ | 317,518 | $ | (79,868 | ) | $ | 237,650 | ||||||
Partnership's other intangible assets | ' | ||||||||||||
At June 29, 2014, December 31, 2013, and June 30, 2013 the Partnership’s other intangible assets consisted of the following: | |||||||||||||
June 29, 2014 | Gross | Accumulated | Net | ||||||||||
Carrying | Amortization | Carrying | |||||||||||
Amount | Value | ||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,008 | $ | — | $ | 39,008 | |||||||
License / franchise agreements | 900 | 399 | 501 | ||||||||||
Total other intangible assets | $ | 39,908 | $ | 399 | $ | 39,509 | |||||||
31-Dec-13 | |||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,070 | $ | — | $ | 39,070 | |||||||
License / franchise agreements | 800 | 399 | 401 | ||||||||||
Total other intangible assets | $ | 39,870 | $ | 399 | $ | 39,471 | |||||||
30-Jun-13 | |||||||||||||
(In thousands) | |||||||||||||
Other intangible assets: | |||||||||||||
Trade names | $ | 39,267 | $ | — | $ | 39,267 | |||||||
License / franchise agreements | 831 | 379 | 452 | ||||||||||
Total other intangible assets | $ | 40,098 | $ | 379 | $ | 39,719 | |||||||
Derivative_Financial_Instrumen1
Derivative Financial Instruments (Tables) | 6 Months Ended | ||||||||||||||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||||||||||
Fair value of derivative instruments in Condensed Consolidated Balance Sheet | ' | ||||||||||||||||||||||||||||
Fair Value of Derivative Instruments and the Classification in Condensed Consolidated Balance Sheet: | |||||||||||||||||||||||||||||
(In thousands) | Condensed Consolidated | Fair Value as of | Fair Value as of | Fair Value as of | |||||||||||||||||||||||||
Balance Sheet Location | June 29, 2014 | December 31, 2013 | June 30, 2013 | ||||||||||||||||||||||||||
Derivatives designated as hedging instruments: | |||||||||||||||||||||||||||||
Interest rate swaps | Derivative Liability | $ | (11,279 | ) | $ | (3,916 | ) | $ | (20,122 | ) | |||||||||||||||||||
Total derivatives designated as hedging instruments | $ | (11,279 | ) | $ | (3,916 | ) | $ | (20,122 | ) | ||||||||||||||||||||
Derivatives not designated as hedging instruments: | |||||||||||||||||||||||||||||
Interest rate swaps | Derivative Liability | $ | (18,831 | ) | $ | (22,746 | ) | $ | (6,650 | ) | |||||||||||||||||||
Total derivatives not designated as hedging instruments | $ | (18,831 | ) | $ | (22,746 | ) | $ | (6,650 | ) | ||||||||||||||||||||
Net derivative liability | $ | (30,110 | ) | $ | (26,662 | ) | $ | (26,772 | ) | ||||||||||||||||||||
Effects of derivative instruments on income (loss) and other comprehensive income (loss) | ' | ||||||||||||||||||||||||||||
Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended June 29, 2014 and June 30, 2013: | |||||||||||||||||||||||||||||
(In thousands) | Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion) | Amount and Location of Gain (Loss) | Amount and Location of Gain (Loss) | ||||||||||||||||||||||||||
Reclassified from Accumulated OCI into Income | Recognized in Income on Derivative | ||||||||||||||||||||||||||||
(Effective Portion) | (Ineffective Portion) | ||||||||||||||||||||||||||||
Derivatives designated as | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | Three months ended | |||||||||||||||||||||||
Cash Flow Hedging | |||||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | |||||||||||||||||||||||
Interest rate swaps | $ | (4,622 | ) | $ | — | Interest Expense | $ | — | $ | — | Net effect of swaps | $ | — | $ | 3,268 | ||||||||||||||
(In thousands) | Amount and Location of Gain (Loss) Recognized | ||||||||||||||||||||||||||||
in Income on Derivative | |||||||||||||||||||||||||||||
Derivatives not designated as Cash Flow | Three months ended | Three months ended | |||||||||||||||||||||||||||
Hedging Relationships | 6/29/14 | 6/30/13 | |||||||||||||||||||||||||||
Interest rate swaps | Net effect of swaps | $ | 2,301 | $ | 992 | ||||||||||||||||||||||||
$ | 2,301 | $ | 992 | ||||||||||||||||||||||||||
Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended June 29, 2014 and June 30, 2013: | |||||||||||||||||||||||||||||
(In thousands) | Amount of Gain (Loss) | Amount and Location of Gain (Loss) | Amount and Location of Gain (Loss) | ||||||||||||||||||||||||||
Recognized in Accumulated OCI on Derivatives | Reclassified from Accumulated OCI into Income | Recognized in Income on Derivative | |||||||||||||||||||||||||||
(Effective Portion) | (Effective Portion) | (Ineffective Portion) | |||||||||||||||||||||||||||
Derivatives designated as | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | Twelve months ended | |||||||||||||||||||||||
Cash Flow Hedging | |||||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | |||||||||||||||||||||||
Interest rate swaps | $ | (11,280 | ) | $ | 5,152 | Interest Expense | $ | — | $ | (8,810 | ) | Net effect of swaps | $ | — | $ | 3,703 | |||||||||||||
(In thousands) | Amount and Location of Gain (Loss) Recognized | ||||||||||||||||||||||||||||
in Income on Derivative | |||||||||||||||||||||||||||||
Derivatives not designated as Cash Flow Hedging | Twelve months ended | Twelve months ended | |||||||||||||||||||||||||||
Relationships | 6/29/14 | 6/30/13 | |||||||||||||||||||||||||||
Interest rate swaps | Net effect of swaps | $ | 7,944 | $ | (479 | ) | |||||||||||||||||||||||
$ | 7,944 | $ | (479 | ) | |||||||||||||||||||||||||
Forward Starting Interest Rate Swap [Member] | ' | ||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||||||||||||||||
Derivative instruments, notional amounts outstanding and interest rates | ' | ||||||||||||||||||||||||||||
The following table presents our derivative portfolio along with their notional amounts and their fixed interest rates as of June 29, 2014. | |||||||||||||||||||||||||||||
Interest Rate Swaps | |||||||||||||||||||||||||||||
($'s in thousands) | Derivatives designated as hedging instruments | Derivatives not designated as hedging instruments | |||||||||||||||||||||||||||
Notional Amounts | LIBOR Rate | Notional Amounts | LIBOR Rate | ||||||||||||||||||||||||||
$ | 200,000 | 3 | % | $ | 200,000 | 2.27 | % | ||||||||||||||||||||||
100,000 | 3 | % | 150,000 | 2.43 | % | ||||||||||||||||||||||||
100,000 | 3 | % | 75,000 | 2.3 | % | ||||||||||||||||||||||||
100,000 | 2.7 | % | 70,000 | 2.54 | % | ||||||||||||||||||||||||
50,000 | 2.54 | % | |||||||||||||||||||||||||||
50,000 | 2.54 | % | |||||||||||||||||||||||||||
50,000 | 2.43 | % | |||||||||||||||||||||||||||
50,000 | 2.29 | % | |||||||||||||||||||||||||||
50,000 | 2.29 | % | |||||||||||||||||||||||||||
30,000 | 2.54 | % | |||||||||||||||||||||||||||
25,000 | 2.3 | % | |||||||||||||||||||||||||||
Total $'s / Average Rate | $ | 500,000 | 2.94 | % | $ | 800,000 | 2.38 | % | |||||||||||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 6 Months Ended | ||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||
Assets and liabilities measured at fair value on recurring basis | ' | ||||||||||||||||
The table below presents the balances of assets and liabilities measured at fair value as of June 29, 2014, December 31, 2013, and June 30, 2013 on a recurring basis: | |||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | ||||||||||||||
June 29, 2014 | |||||||||||||||||
(In thousands) | |||||||||||||||||
Interest rate swap agreements (1) | $ | (11,279 | ) | $ | — | $ | (11,279 | ) | $ | — | |||||||
Interest rate swap agreements (2) | (18,831 | ) | — | (18,831 | ) | — | |||||||||||
Net derivative liability | $ | (30,110 | ) | $ | — | $ | (30,110 | ) | $ | — | |||||||
31-Dec-13 | |||||||||||||||||
Interest rate swap agreements (1) | $ | (3,916 | ) | $ | — | $ | (3,916 | ) | $ | — | |||||||
Interest rate swap agreements (2) | $ | (22,746 | ) | $ | — | $ | (22,746 | ) | $ | — | |||||||
Net derivative liability | $ | (26,662 | ) | $ | — | $ | (26,662 | ) | $ | — | |||||||
June 30, 2013 | |||||||||||||||||
Interest rate swap agreements (1) | $ | (20,122 | ) | $ | — | $ | (20,122 | ) | $ | — | |||||||
Interest rate swap agreements (2) | $ | (6,650 | ) | $ | — | $ | (6,650 | ) | $ | — | |||||||
Net derivative liability | $ | (26,772 | ) | $ | — | $ | (26,772 | ) | $ | — | |||||||
-1 | Designated as cash flow hedges and are included in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet | ||||||||||||||||
-2 | Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet |
Earnings_per_Unit_Tables
Earnings per Unit (Tables) | 6 Months Ended | ||||||||||||||||||||||||
Jun. 29, 2014 | |||||||||||||||||||||||||
Earnings Per Unit [Abstract] | ' | ||||||||||||||||||||||||
Net income (loss) per limited partner unit | ' | ||||||||||||||||||||||||
Net income per limited partner unit is calculated based on the following unit amounts: | |||||||||||||||||||||||||
Three months ended | Six months ended | Twelve months ended | |||||||||||||||||||||||
6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | 6/29/14 | 6/30/13 | ||||||||||||||||||||
(In thousands except per unit amounts) | |||||||||||||||||||||||||
Basic weighted average units outstanding | 55,419 | 55,484 | 55,453 | 55,464 | 55,470 | 55,446 | |||||||||||||||||||
Effect of dilutive units: | |||||||||||||||||||||||||
Unit options and restricted unit awards | 325 | 152 | — | — | 253 | 84 | |||||||||||||||||||
Phantom units | 80 | 186 | — | — | 144 | 261 | |||||||||||||||||||
Diluted weighted average units outstanding | 55,824 | 55,822 | 55,453 | 55,464 | 55,867 | 55,791 | |||||||||||||||||||
Net income per unit - basic | $ | 0.79 | $ | 0.85 | $ | (0.71 | ) | $ | (1.11 | ) | $ | 2.35 | $ | 1.24 | |||||||||||
Net income per unit - diluted | $ | 0.79 | $ | 0.85 | $ | (0.71 | ) | $ | (1.11 | ) | $ | 2.33 | $ | 1.24 | |||||||||||
Changes_in_Accumulated_Other_C1
Changes in Accumulated Other Comprehensive Income by Component (Tables) | 6 Months Ended | |||||||||||||||||||||||||||
Jun. 29, 2014 | ||||||||||||||||||||||||||||
Equity [Abstract] | ' | |||||||||||||||||||||||||||
Changes in accumulated other comprehensive income (loss) | ' | |||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at December 31, 2013 | $ | (15,013 | ) | $ | 5 | $ | (15,008 | ) | ||||||||||||||||||||
Other comprehensive income before reclassifications, net of tax $1,115 and $402, respectively | (6,248 | ) | (696 | ) | (6,944 | ) | ||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($614) (2) | 3,357 | — | 3,357 | |||||||||||||||||||||||||
Net other comprehensive income | (2,891 | ) | (696 | ) | (3,587 | ) | ||||||||||||||||||||||
29-Jun-14 | $ | (17,904 | ) | $ | (691 | ) | $ | (18,595 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | (25,749 | ) | $ | (2,751 | ) | $ | (28,500 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax ($326) and ($1,089), respectively | 1,940 | 1,893 | 3,833 | |||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,536) (2) | 8,624 | — | 8,624 | |||||||||||||||||||||||||
Net other comprehensive income | 10,564 | 1,893 | 12,457 | |||||||||||||||||||||||||
30-Jun-13 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at June 30, 2013 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax $1,846 and ($94), respectively | (9,434 | ) | 167 | (9,267 | ) | |||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,228) (2) | 6,715 | — | 6,715 | |||||||||||||||||||||||||
Net other comprehensive income | (2,719 | ) | 167 | (2,552 | ) | |||||||||||||||||||||||
29-Jun-14 | $ | (17,904 | ) | $ | (691 | ) | $ | (18,595 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Changes in Accumulated Other Comprehensive Income by Component (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Gains and Losses | ||||||||||||||||||||||||||||
on Cash Flow Hedges | Foreign Currency Items | |||||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Balance at July 1, 2012 | $ | (27,920 | ) | $ | (3,808 | ) | $ | (31,728 | ) | |||||||||||||||||||
Other comprehensive income before reclassifications, net of tax ($745) and ($1,697), respectively | 4,405 | 2,950 | 7,355 | |||||||||||||||||||||||||
Amounts reclassified from accumulated other comprehensive income, net of tax ($1,482) (2) | 8,330 | — | 8,330 | |||||||||||||||||||||||||
Net other comprehensive income | 12,735 | 2,950 | 15,685 | |||||||||||||||||||||||||
30-Jun-13 | $ | (15,185 | ) | $ | (858 | ) | $ | (16,043 | ) | |||||||||||||||||||
(1) All amounts are net of tax. Amounts in parentheses indicate debits. | ||||||||||||||||||||||||||||
(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details. | ||||||||||||||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statement Where Net Income is Presented | ||||||||||||||||||||||||||
Gains and losses on cash flow hedges | 3 months ended 6/29/14 | 3 months ended 6/30/13 | 6 months ended 6/29/14 | 6 months ended 6/30/13 | 12 months ended 6/29/14 | 12 months ended 6/30/13 | ||||||||||||||||||||||
Interest rate contracts | $ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Net effect of swaps | |||||||||||||||
$ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Total before tax | ||||||||||||||||
(307 | ) | (307 | ) | (614 | ) | (1,536 | ) | (1,228 | ) | (1,482 | ) | Benefit for taxes | ||||||||||||||||
$ | 1,679 | $ | 1,679 | $ | 3,357 | $ | 8,624 | $ | 6,715 | $ | 8,329 | Net of tax | ||||||||||||||||
Reclassification out of accumulated other comprehensive income | ' | |||||||||||||||||||||||||||
Reclassifications Out of Accumulated Other Comprehensive Income (1) | ||||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||||
Details about Accumulated Other Comprehensive Income Components | Amount Reclassified from Accumulated Other Comprehensive Income | Affected Line Item in the Statement Where Net Income is Presented | ||||||||||||||||||||||||||
Gains and losses on cash flow hedges | 3 months ended 6/29/14 | 3 months ended 6/30/13 | 6 months ended 6/29/14 | 6 months ended 6/30/13 | 12 months ended 6/29/14 | 12 months ended 6/30/13 | ||||||||||||||||||||||
Interest rate contracts | $ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Net effect of swaps | |||||||||||||||
$ | 1,986 | $ | 1,986 | $ | 3,971 | $ | 10,160 | $ | 7,943 | $ | 9,811 | Total before tax | ||||||||||||||||
(307 | ) | (307 | ) | (614 | ) | (1,536 | ) | (1,228 | ) | (1,482 | ) | Benefit for taxes | ||||||||||||||||
$ | 1,679 | $ | 1,679 | $ | 3,357 | $ | 8,624 | $ | 6,715 | $ | 8,329 | Net of tax | ||||||||||||||||
(1) Amounts in parentheses indicate debits. |
Consolidating_Financial_Inform1
Consolidating Financial Information of Guarantors and Issuers (Tables) | 6 Months Ended | |||||||||||||||||||||||||
Jun. 29, 2014 | ||||||||||||||||||||||||||
Condensed Consolidating Financial Information [Abstract] | ' | |||||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments | ' | |||||||||||||||||||||||||
Condensed Consolidating Statements of Cash Flows | ||||||||||||||||||||||||||
For the Six Month Period Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||||||
As reported - Net cash from (for) operating activities | $ | 4,808 | $ | (30,371 | ) | $ | (4,856 | ) | $ | 44,138 | $ | 68,837 | $ | 82,556 | ||||||||||||
Investment in joint ventures and affiliates | 38,056 | 37,167 | (18,274 | ) | 17,909 | (74,858 | ) | — | ||||||||||||||||||
Intercompany receivables (payments) receipts | — | — | — | 19,317 | (19,317 | ) | — | |||||||||||||||||||
Intercompany payables (payments) receipts | (7,990 | ) | (14,958 | ) | 3,631 | — | 19,317 | — | ||||||||||||||||||
Dividends paid | — | — | 13,173 | — | (13,173 | ) | — | |||||||||||||||||||
As corrected - Net cash from (for) operating activities | $ | 34,874 | $ | (8,162 | ) | $ | (6,326 | ) | $ | 81,364 | $ | (19,194 | ) | $ | 82,556 | |||||||||||
As reported - Net cash from (for) investing activities | $ | (342 | ) | $ | 37,167 | $ | (21,709 | ) | $ | (19,447 | ) | $ | (74,858 | ) | $ | (79,189 | ) | |||||||||
Investment in joint ventures and affiliates | (38,056 | ) | (37,167 | ) | 18,274 | (17,909 | ) | 74,858 | — | |||||||||||||||||
Intercompany receivables (payments) receipts | — | 13,869 | — | (5,384 | ) | (8,485 | ) | — | ||||||||||||||||||
As corrected - Net cash from (for) investing activities | $ | (38,398 | ) | $ | 13,869 | $ | (3,435 | ) | $ | (42,740 | ) | $ | (8,485 | ) | $ | (79,189 | ) | |||||||||
As reported - Net cash from (for) financing activities | $ | (29,466 | ) | $ | (7,240 | ) | $ | (474 | ) | $ | — | $ | — | $ | (37,180 | ) | ||||||||||
Dividends paid | — | — | (13,173 | ) | — | 13,173 | — | |||||||||||||||||||
Intercompany payables (payments) receipts | 7,990 | 1,089 | (3,631 | ) | (13,933 | ) | 8,485 | — | ||||||||||||||||||
As corrected - Net cash from (for) financing activities | $ | (21,476 | ) | $ | (6,151 | ) | $ | (17,278 | ) | $ | (13,933 | ) | $ | 21,658 | $ | (37,180 | ) | |||||||||
Condensed Consolidating Statements of Cash Flows | ||||||||||||||||||||||||||
For the Twelve Month Period Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | ||||||||||||||||||||
As reported - Net cash from (for) operating activities | $ | 210,085 | $ | (47,009 | ) | $ | 29,440 | $ | 140,865 | $ | (30,675 | ) | $ | 302,706 | ||||||||||||
Investment in joint ventures and affiliates | 27,874 | (30,140 | ) | (15,735 | ) | (12,174 | ) | 30,175 | — | |||||||||||||||||
Intercompany receivables (payments) receipts | — | — | — | 18,148 | (18,148 | ) | — | |||||||||||||||||||
Intercompany payables (payments) receipts | (47,465 | ) | 28,405 | 912 | — | 18,148 | — | |||||||||||||||||||
Dividends paid | — | — | 13,173 | — | (13,173 | ) | — | |||||||||||||||||||
As corrected - Net cash from (for) operating activities | $ | 190,494 | $ | (48,744 | ) | $ | 27,790 | $ | 146,839 | $ | (13,673 | ) | $ | 302,706 | ||||||||||||
As reported - Net cash from (for) investing activities | $ | (19,923 | ) | $ | (30,148 | ) | $ | (20,139 | ) | $ | (54,075 | ) | $ | 30,175 | $ | (79,189 | ) | |||||||||
Investment in joint ventures and affiliates | (27,874 | ) | 30,140 | 15,735 | 12,174 | (30,175 | ) | — | ||||||||||||||||||
Intercompany term debt receipts | — | 86,362 | — | — | (86,362 | ) | — | |||||||||||||||||||
Intercompany receivables (payments) receipts | — | (43,948 | ) | — | (62,033 | ) | 105,981 | — | ||||||||||||||||||
As corrected - Net cash from (for) investing activities | $ | (47,797 | ) | $ | 42,406 | $ | (4,404 | ) | $ | (103,934 | ) | $ | 19,619 | $ | (94,110 | ) | ||||||||||
As reported - Net cash from (for) financing activities | $ | (190,162 | ) | $ | 77,157 | $ | (585 | ) | $ | (86,362 | ) | $ | — | $ | (199,952 | ) | ||||||||||
Dividends paid | — | — | (13,173 | ) | — | 13,173 | — | |||||||||||||||||||
Intercompany term debt receipts | — | (86,362 | ) | — | — | 86,362 | — | |||||||||||||||||||
Intercompany payables (payments) receipts | 47,465 | 15,543 | (912 | ) | 43,885 | (105,981 | ) | — | ||||||||||||||||||
As corrected - Net cash from (for) financing activities | $ | (142,697 | ) | $ | 6,338 | $ | (14,670 | ) | $ | (42,477 | ) | $ | (6,446 | ) | $ | (199,952 | ) | |||||||||
Condensed Consolidating Balance Sheet | ' | |||||||||||||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
Receivables | 59 | 104,035 | 93,286 | 571,632 | (702,451 | ) | 66,561 | |||||||||||||||||||
Inventories | — | 5,732 | 4,091 | 35,748 | — | 45,571 | ||||||||||||||||||||
Current deferred tax asset | — | 18,655 | 800 | 3,445 | — | 22,900 | ||||||||||||||||||||
Other current assets | 691 | 14,115 | 5,974 | 13,500 | (2,882 | ) | 31,398 | |||||||||||||||||||
750 | 142,537 | 123,576 | 654,311 | (714,610 | ) | 206,564 | ||||||||||||||||||||
Property and Equipment (net) | 471,252 | 8,206 | 247,632 | 830,074 | — | 1,557,164 | ||||||||||||||||||||
Investment in Park | 466,213 | 767,266 | 149,180 | 32,308 | (1,414,967 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 117,371 | 111,218 | — | 237,650 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,639 | 22,870 | — | 39,509 | ||||||||||||||||||||
Deferred Tax Asset | — | 32,025 | — | 117 | (32,142 | ) | — | |||||||||||||||||||
Other Assets | 11,680 | 21,649 | 9,276 | 2,304 | — | 44,909 | ||||||||||||||||||||
$ | 958,956 | $ | 971,683 | $ | 663,674 | $ | 1,653,202 | $ | (2,161,719 | ) | $ | 2,085,796 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 1,724 | $ | 1,231 | $ | 70 | $ | — | $ | — | $ | 3,025 | ||||||||||||||
Accounts payable | 218,225 | 233,203 | 15,070 | 282,733 | (711,728 | ) | 37,503 | |||||||||||||||||||
Deferred revenue | — | 636 | 15,824 | 117,337 | — | 133,797 | ||||||||||||||||||||
Accrued interest | 6,422 | 4,251 | 1,843 | — | — | 12,516 | ||||||||||||||||||||
Accrued taxes | 6,054 | 1,196 | — | 2,885 | (2,882 | ) | 7,253 | |||||||||||||||||||
Accrued salaries, wages and benefits | — | 23,850 | 2,303 | 9,487 | — | 35,640 | ||||||||||||||||||||
Self-insurance reserves | — | 5,534 | 1,772 | 16,353 | — | 23,659 | ||||||||||||||||||||
Other accrued liabilities | 376 | 5,554 | 1,095 | 2,380 | — | 9,405 | ||||||||||||||||||||
232,801 | 275,455 | 37,977 | 431,175 | (714,610 | ) | 262,798 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 57,540 | 131,648 | (32,142 | ) | 157,046 | |||||||||||||||||||
Derivative Liability | 17,700 | 12,410 | — | — | — | 30,110 | ||||||||||||||||||||
Other Liabilities | — | 4,039 | — | 3,363 | — | 7,402 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Revolving credit loans | 39,000 | — | — | — | — | 39,000 | ||||||||||||||||||||
Term debt | 350,943 | 250,730 | 14,152 | — | — | 615,825 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 450,000 | — | — | 950,000 | ||||||||||||||||||||
684,840 | 455,833 | 464,152 | — | — | 1,604,825 | |||||||||||||||||||||
Equity | 23,615 | 223,946 | 104,005 | 1,087,016 | (1,414,967 | ) | 23,615 | |||||||||||||||||||
$ | 958,956 | $ | 971,683 | $ | 663,674 | $ | 1,653,202 | $ | (2,161,719 | ) | $ | 2,085,796 | ||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
31-Dec-13 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | 75,000 | $ | 4,144 | $ | 35,575 | $ | 3,337 | $ | — | $ | 118,056 | ||||||||||||||
Receivables | 6 | 115,972 | 67,829 | 552,633 | (715,107 | ) | 21,333 | |||||||||||||||||||
Inventories | — | 1,968 | 1,898 | 22,214 | — | 26,080 | ||||||||||||||||||||
Current deferred tax asset | — | 5,430 | 800 | 3,445 | — | 9,675 | ||||||||||||||||||||
Other current assets | 599 | 4,443 | 14,266 | 7,764 | (15,719 | ) | 11,353 | |||||||||||||||||||
75,605 | 131,957 | 120,368 | 589,393 | (730,826 | ) | 186,497 | ||||||||||||||||||||
Property and Equipment (net) | 447,724 | 976 | 243,208 | 813,855 | — | 1,505,763 | ||||||||||||||||||||
Investment in Park | 514,948 | 796,735 | 142,668 | 63,948 | (1,518,299 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 117,810 | 111,218 | — | 238,089 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,683 | 22,788 | — | 39,471 | ||||||||||||||||||||
Deferred Tax Asset | — | 31,122 | — | 117 | (31,239 | ) | — | |||||||||||||||||||
Other Assets | 25,210 | 10,002 | 6,657 | 2,938 | — | 44,807 | ||||||||||||||||||||
$ | 1,072,548 | $ | 970,792 | $ | 647,394 | $ | 1,604,257 | $ | (2,280,364 | ) | $ | 2,014,627 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Accounts payable | $ | 259,850 | $ | 188,818 | $ | 17,632 | $ | 262,029 | $ | (715,107 | ) | $ | 13,222 | |||||||||||||
Deferred revenue | — | — | 2,815 | 41,706 | — | 44,521 | ||||||||||||||||||||
Accrued interest | 4,637 | 3,223 | 15,341 | — | — | 23,201 | ||||||||||||||||||||
Accrued taxes | 4,609 | — | — | 30,591 | (15,719 | ) | 19,481 | |||||||||||||||||||
Accrued salaries, wages and benefits | — | 21,596 | 1,101 | 6,503 | — | 29,200 | ||||||||||||||||||||
Self-insurance reserves | — | 5,757 | 1,742 | 16,154 | — | 23,653 | ||||||||||||||||||||
Other accrued liabilities | 1,146 | 2,993 | 181 | 1,201 | — | 5,521 | ||||||||||||||||||||
270,242 | 222,387 | 38,812 | 358,184 | (730,826 | ) | 158,799 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 57,704 | 131,648 | (31,239 | ) | 158,113 | |||||||||||||||||||
Derivative Liability | 15,610 | 11,052 | — | — | — | 26,662 | ||||||||||||||||||||
Other Liabilities | — | 7,858 | — | 3,432 | — | 11,290 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Term debt | 352,668 | 251,961 | 14,221 | — | — | 618,850 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 401,782 | — | — | 901,782 | ||||||||||||||||||||
647,565 | 457,064 | 416,003 | — | — | 1,520,632 | |||||||||||||||||||||
Equity | 139,131 | 272,431 | 134,875 | 1,110,993 | (1,518,299 | ) | 139,131 | |||||||||||||||||||
$ | 1,072,548 | $ | 970,792 | $ | 647,394 | $ | 1,604,257 | $ | (2,280,364 | ) | $ | 2,014,627 | ||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET | ||||||||||||||||||||||||||
June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||
Current Assets: | ||||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
Receivables | 250 | 86,025 | 80,435 | 517,925 | (617,436 | ) | 67,199 | |||||||||||||||||||
Inventories | — | 4,639 | 4,182 | 36,631 | — | 45,452 | ||||||||||||||||||||
Current deferred tax asset | — | 23,822 | 816 | 3,664 | — | 28,302 | ||||||||||||||||||||
Other current assets | 620 | 11,440 | 2,066 | 19,762 | — | 33,888 | ||||||||||||||||||||
870 | 125,926 | 109,244 | 605,886 | (623,457 | ) | 218,469 | ||||||||||||||||||||
Property and Equipment (net) | 463,783 | 994 | 250,249 | 835,875 | — | 1,550,901 | ||||||||||||||||||||
Investment in Park | 447,080 | 735,017 | 129,942 | 38,992 | (1,351,031 | ) | — | |||||||||||||||||||
Goodwill | 9,061 | — | 119,201 | 111,218 | — | 239,480 | ||||||||||||||||||||
Other Intangibles, net | — | — | 16,880 | 22,839 | — | 39,719 | ||||||||||||||||||||
Deferred Tax Asset | — | 34,028 | — | 90 | (34,118 | ) | — | |||||||||||||||||||
Other Assets | 13,605 | 9,382 | 7,112 | 2,227 | — | 32,326 | ||||||||||||||||||||
$ | 934,399 | $ | 905,347 | $ | 632,628 | $ | 1,617,127 | $ | (2,008,606 | ) | $ | 2,080,895 | ||||||||||||||
LIABILITIES AND PARTNERS’ EQUITY | ||||||||||||||||||||||||||
Current Liabilities: | ||||||||||||||||||||||||||
Current maturities of long-term debt | $ | 3,590 | $ | 2,565 | $ | 145 | $ | — | $ | — | $ | 6,300 | ||||||||||||||
Accounts payable | 155,522 | 208,924 | 7,971 | 285,379 | (623,457 | ) | 34,339 | |||||||||||||||||||
Deferred revenue | — | — | 18,719 | 113,646 | — | 132,365 | ||||||||||||||||||||
Accrued interest | 5,189 | 3,563 | 15,192 | — | — | 23,944 | ||||||||||||||||||||
Accrued taxes | 6,534 | 458 | 181 | 2,848 | — | 10,021 | ||||||||||||||||||||
Accrued salaries, wages and benefits | 1 | 18,642 | 2,153 | 9,100 | — | 29,896 | ||||||||||||||||||||
Self-insurance reserves | — | 5,535 | 1,727 | 17,330 | — | 24,592 | ||||||||||||||||||||
Other accrued liabilities | 860 | 4,421 | 715 | 2,793 | — | 8,789 | ||||||||||||||||||||
171,696 | 244,108 | 46,803 | 431,096 | (623,457 | ) | 270,246 | ||||||||||||||||||||
Deferred Tax Liability | — | — | 61,544 | 126,866 | (34,118 | ) | 154,292 | |||||||||||||||||||
Derivative Liability | 16,039 | 10,733 | — | — | — | 26,772 | ||||||||||||||||||||
Other Liabilities | — | 5,296 | — | 3,500 | — | 8,796 | ||||||||||||||||||||
Long-Term Debt: | ||||||||||||||||||||||||||
Revolving credit loans | 58,000 | — | — | — | — | 58,000 | ||||||||||||||||||||
Term debt | 354,534 | 253,294 | 14,297 | — | — | 622,125 | ||||||||||||||||||||
Notes | 294,897 | 205,103 | 401,431 | — | — | 901,431 | ||||||||||||||||||||
707,431 | 458,397 | 415,728 | — | — | 1,581,556 | |||||||||||||||||||||
Equity | 39,233 | 186,813 | 108,553 | 1,055,665 | (1,351,031 | ) | 39,233 | |||||||||||||||||||
$ | 934,399 | $ | 905,347 | $ | 632,628 | $ | 1,617,127 | $ | (2,008,606 | ) | $ | 2,080,895 | ||||||||||||||
Condensed Consolidating Statement of Operations and Other Comprehensive Income (Loss) | ' | |||||||||||||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Three Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 43,084 | $ | 79,737 | $ | 33,878 | $ | 328,013 | $ | (121,698 | ) | $ | 363,014 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 2,881 | 28,130 | — | 31,090 | ||||||||||||||||||||
Operating expenses | 1,312 | 54,893 | 15,124 | 197,561 | (121,698 | ) | 147,192 | |||||||||||||||||||
Selling, general and administrative | 1,467 | 27,495 | 3,886 | 13,769 | — | 46,617 | ||||||||||||||||||||
Depreciation and amortization | 14,011 | 94 | 6,502 | 26,367 | — | 46,974 | ||||||||||||||||||||
Gain on sale of other assets | — | — | — | (921 | ) | — | (921 | ) | ||||||||||||||||||
(Gain) loss on impairment / retirement of fixed assets, net | — | (1 | ) | — | 216 | — | 215 | |||||||||||||||||||
16,790 | 82,560 | 28,393 | 265,122 | (121,698 | ) | 271,167 | ||||||||||||||||||||
Operating income (loss) | 26,294 | (2,823 | ) | 5,485 | 62,891 | — | 91,847 | |||||||||||||||||||
Interest expense (income), net | 10,533 | 7,354 | 11,933 | (1,919 | ) | — | 27,901 | |||||||||||||||||||
Net effect of swaps | (178 | ) | (137 | ) | — | — | — | (315 | ) | |||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency gain | — | — | (16,102 | ) | — | — | (16,102 | ) | ||||||||||||||||||
Other (income) expense | 188 | (2,415 | ) | 531 | 1,696 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (30,914 | ) | (21,721 | ) | (10,576 | ) | 1,929 | 61,282 | — | |||||||||||||||||
Income (loss) before taxes | 46,665 | 14,096 | (9,574 | ) | 61,185 | (61,282 | ) | 51,090 | ||||||||||||||||||
Provision (benefit) for taxes | 2,763 | (3,481 | ) | (7,645 | ) | 15,551 | — | 7,188 | ||||||||||||||||||
Net income (loss) | $ | 43,902 | $ | 17,577 | $ | (1,929 | ) | $ | 45,634 | $ | (61,282 | ) | $ | 43,902 | ||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | (2,317 | ) | — | (2,317 | ) | — | 2,317 | (2,317 | ) | |||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | (2,241 | ) | (644 | ) | — | — | 644 | (2,241 | ) | |||||||||||||||||
Other comprehensive income (loss), (net of tax) | (4,558 | ) | (644 | ) | (2,317 | ) | — | 2,961 | (4,558 | ) | ||||||||||||||||
Total Comprehensive Income (loss) | $ | 39,344 | $ | 16,933 | $ | (4,246 | ) | $ | 45,634 | $ | (58,321 | ) | $ | 39,344 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Three Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 43,925 | $ | 85,358 | $ | 34,954 | $ | 326,473 | $ | (129,090 | ) | $ | 361,620 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 2,994 | 28,059 | — | 31,053 | ||||||||||||||||||||
Operating expenses | 1,408 | 52,246 | 15,586 | 201,134 | (129,090 | ) | 141,284 | |||||||||||||||||||
Selling, general and administrative | 1,222 | 26,888 | 3,868 | 13,789 | — | 45,767 | ||||||||||||||||||||
Depreciation and amortization | 12,891 | 9 | 6,818 | 26,314 | — | 46,032 | ||||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | — | — | — | 29 | — | 29 | ||||||||||||||||||||
15,521 | 79,143 | 29,266 | 269,325 | (129,090 | ) | 264,165 | ||||||||||||||||||||
Operating income | 28,404 | 6,215 | 5,688 | 57,148 | — | 97,455 | ||||||||||||||||||||
Interest expense, net | 10,210 | 7,246 | 9,843 | (1,507 | ) | — | 25,792 | |||||||||||||||||||
Net effect of swaps | (1,378 | ) | (895 | ) | — | — | — | (2,273 | ) | |||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 14,886 | — | — | 14,886 | ||||||||||||||||||||
Other (income) expense | 187 | (2,128 | ) | 583 | 1,358 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (30,875 | ) | (15,540 | ) | (8,232 | ) | 4,649 | 49,998 | — | |||||||||||||||||
Income (loss) before taxes | 50,260 | 17,532 | (11,392 | ) | 52,648 | (49,998 | ) | 59,050 | ||||||||||||||||||
Provision (benefit) for taxes | 2,870 | 684 | (6,732 | ) | 14,838 | — | 11,660 | |||||||||||||||||||
Net income (loss) | $ | 47,390 | $ | 16,848 | $ | (4,660 | ) | $ | 37,810 | $ | (49,998 | ) | $ | 47,390 | ||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 1,592 | — | 1,592 | — | (1,592 | ) | 1,592 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 1,679 | 503 | — | — | (503 | ) | 1,679 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 3,271 | 503 | 1,592 | — | (2,095 | ) | 3,271 | |||||||||||||||||||
Total Comprehensive Income (loss) | $ | 50,661 | $ | 17,351 | $ | (3,068 | ) | $ | 37,810 | $ | (52,093 | ) | $ | 50,661 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Six Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 47,839 | $ | 88,416 | $ | 34,029 | $ | 368,325 | $ | (135,129 | ) | $ | 403,480 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 2,882 | 33,114 | — | 36,075 | ||||||||||||||||||||
Operating expenses | 2,660 | 77,355 | 22,061 | 260,595 | (135,129 | ) | 227,542 | |||||||||||||||||||
Selling, general and administrative | 2,863 | 44,167 | 4,759 | 16,232 | — | 68,021 | ||||||||||||||||||||
Depreciation and amortization | 14,485 | 103 | 6,502 | 30,191 | — | 51,281 | ||||||||||||||||||||
Gain on sale of other assets | — | — | — | (921 | ) | — | (921 | ) | ||||||||||||||||||
Loss (gain) on impairment / retirement of fixed assets, net | 249 | (1 | ) | — | 964 | — | 1,212 | |||||||||||||||||||
20,257 | 121,703 | 36,204 | 340,175 | (135,129 | ) | 383,210 | ||||||||||||||||||||
Operating income | 27,582 | (33,287 | ) | (2,175 | ) | 28,150 | — | 20,270 | ||||||||||||||||||
Interest expense (income), net | 20,732 | 14,365 | 21,401 | (3,938 | ) | — | 52,560 | |||||||||||||||||||
Net effect of swaps | 16 | 40 | — | — | — | 56 | ||||||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency gain | — | — | 1,082 | — | — | 1,082 | ||||||||||||||||||||
Other (income) expense | 375 | (5,689 | ) | 905 | 4,409 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | 42,674 | 25,422 | (6,512 | ) | 30,173 | (91,757 | ) | — | ||||||||||||||||||
Income (loss) before taxes | (36,215 | ) | (67,425 | ) | (48,324 | ) | (2,494 | ) | 91,757 | (62,701 | ) | |||||||||||||||
Provision (benefit) for taxes | 3,423 | (13,903 | ) | (18,151 | ) | 5,568 | — | (23,063 | ) | |||||||||||||||||
Net loss | $ | (39,638 | ) | $ | (53,522 | ) | $ | (30,173 | ) | $ | (8,062 | ) | $ | 91,757 | $ | (39,638 | ) | |||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | (696 | ) | — | (696 | ) | — | 696 | (696 | ) | |||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | (2,891 | ) | (817 | ) | — | — | 817 | (2,891 | ) | |||||||||||||||||
Other comprehensive income (loss), (net of tax) | (3,587 | ) | (817 | ) | (696 | ) | — | 1,513 | (3,587 | ) | ||||||||||||||||
Total Comprehensive Loss | $ | (43,225 | ) | $ | (54,339 | ) | $ | (30,869 | ) | $ | (8,062 | ) | $ | 93,270 | $ | (43,225 | ) | |||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 48,243 | $ | 93,729 | $ | 35,243 | $ | 367,983 | $ | (141,779 | ) | $ | 403,419 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 2,994 | 33,096 | — | 36,090 | ||||||||||||||||||||
Operating expenses | 2,831 | 73,852 | 21,527 | 261,510 | (141,779 | ) | 217,941 | |||||||||||||||||||
Selling, general and administrative | 2,514 | 43,501 | 4,579 | 16,212 | — | 66,806 | ||||||||||||||||||||
Depreciation and amortization | 13,366 | 18 | 6,818 | 30,616 | — | 50,818 | ||||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | 36 | — | 478 | 115 | — | 629 | ||||||||||||||||||||
18,747 | 117,371 | 36,396 | 341,549 | (141,779 | ) | 372,284 | ||||||||||||||||||||
Operating income (loss) | 29,496 | (23,642 | ) | (1,153 | ) | 26,434 | — | 31,135 | ||||||||||||||||||
Interest expense, net | 20,722 | 14,923 | 19,607 | (3,737 | ) | — | 51,515 | |||||||||||||||||||
Net effect of swaps | 4,257 | 2,681 | — | — | — | 6,938 | ||||||||||||||||||||
Loss on early debt extinguishment | 21,175 | 12,781 | 617 | — | — | 34,573 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 23,844 | — | — | 23,844 | ||||||||||||||||||||
Other (income) expense | 375 | (4,516 | ) | 1,383 | 2,758 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | 41,221 | 20,100 | (4,712 | ) | 25,876 | (82,485 | ) | — | ||||||||||||||||||
Income (loss) before taxes | (58,254 | ) | (69,611 | ) | (41,892 | ) | 1,537 | 82,485 | (85,735 | ) | ||||||||||||||||
Provision (benefit) for taxes | 3,482 | (16,981 | ) | (15,986 | ) | 5,486 | — | (23,999 | ) | |||||||||||||||||
Net loss | $ | (61,736 | ) | $ | (52,630 | ) | $ | (25,906 | ) | $ | (3,949 | ) | $ | 82,485 | $ | (61,736 | ) | |||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 1,893 | — | 1,893 | — | (1,893 | ) | 1,893 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 10,564 | 3,038 | — | — | (3,038 | ) | 10,564 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 12,457 | 3,038 | 1,893 | — | (4,931 | ) | 12,457 | |||||||||||||||||||
Total Comprehensive Loss | $ | (49,279 | ) | $ | (49,592 | ) | $ | (24,013 | ) | $ | (3,949 | ) | $ | 77,554 | $ | (49,279 | ) | |||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Twelve Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 152,065 | $ | 290,764 | $ | 126,478 | $ | 1,006,811 | $ | (441,485 | ) | $ | 1,134,633 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | 79 | 9,210 | 82,468 | — | 91,757 | ||||||||||||||||||||
Operating expenses | 5,832 | 187,107 | 48,304 | 682,187 | (441,485 | ) | 481,945 | |||||||||||||||||||
Selling, general and administrative | 6,066 | 101,491 | 11,164 | 34,906 | — | 153,627 | ||||||||||||||||||||
Depreciation and amortization | 37,926 | 122 | 17,017 | 67,885 | — | 122,950 | ||||||||||||||||||||
(Gain) on sale of other assets | — | — | — | (9,664 | ) | — | (9,664 | ) | ||||||||||||||||||
Loss on impairment / retirement of fixed assets, net | 637 | (1 | ) | 1 | 2,485 | — | 3,122 | |||||||||||||||||||
50,461 | 288,798 | 85,696 | 860,267 | (441,485 | ) | 843,737 | ||||||||||||||||||||
Operating income | 101,604 | 1,966 | 40,782 | 146,544 | — | 290,896 | ||||||||||||||||||||
Interest (income) expense, net | 42,640 | 28,317 | 41,170 | (8,165 | ) | — | 103,962 | |||||||||||||||||||
Net effect of swaps | (51 | ) | 52 | — | — | — | 1 | |||||||||||||||||||
Loss on early debt extinguishment | — | — | 29,273 | — | — | 29,273 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 6,179 | — | — | 6,179 | ||||||||||||||||||||
Other (income) expense | 750 | (12,430 | ) | 3,201 | 8,479 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (82,104 | ) | (32,198 | ) | (19,238 | ) | 6,774 | 126,766 | — | |||||||||||||||||
Income (loss) before taxes | 140,369 | 18,225 | (19,803 | ) | 139,456 | (126,766 | ) | 151,481 | ||||||||||||||||||
Provision (benefit) for taxes | 10,067 | (9,055 | ) | (13,021 | ) | 33,188 | — | 21,179 | ||||||||||||||||||
Net income (loss) | $ | 130,302 | $ | 27,280 | $ | (6,782 | ) | $ | 106,268 | $ | (126,766 | ) | $ | 130,302 | ||||||||||||
Other comprehensive income, (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 167 | — | 167 | — | (167 | ) | 167 | |||||||||||||||||||
Unrealized income on cash flow hedging derivatives | (2,719 | ) | (1,007 | ) | — | — | 1,007 | (2,719 | ) | |||||||||||||||||
Other comprehensive income, (net of tax) | (2,552 | ) | (1,007 | ) | 167 | — | 840 | (2,552 | ) | |||||||||||||||||
Total Comprehensive Income (loss) | $ | 127,750 | $ | 26,273 | $ | (6,615 | ) | $ | 106,268 | $ | (125,926 | ) | $ | 127,750 | ||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME | ||||||||||||||||||||||||||
For the Twelve Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
Net revenues | $ | 148,757 | $ | 271,778 | $ | 133,554 | $ | 952,082 | $ | (420,102 | ) | $ | 1,086,069 | |||||||||||||
Costs and expenses: | ||||||||||||||||||||||||||
Cost of food, merchandise, and games revenues | — | — | 9,769 | 84,796 | — | 94,565 | ||||||||||||||||||||
Operating expenses | 5,438 | 177,188 | 47,798 | 641,501 | (420,102 | ) | 451,823 | |||||||||||||||||||
Selling, general and administrative | 6,021 | 91,895 | 10,659 | 34,047 | — | 142,622 | ||||||||||||||||||||
Depreciation and amortization | 36,799 | 40 | 18,032 | 70,265 | — | 125,136 | ||||||||||||||||||||
(Gain) on sale of other assets | — | — | — | (6,625 | ) | — | (6,625 | ) | ||||||||||||||||||
Loss (gain) on impairment / retirement of fixed assets, net | 25,950 | — | 475 | 5,310 | — | 31,735 | ||||||||||||||||||||
74,208 | 269,123 | 86,733 | 829,294 | (420,102 | ) | 839,256 | ||||||||||||||||||||
Operating income | 74,549 | 2,655 | 46,821 | 122,788 | — | 246,813 | ||||||||||||||||||||
Interest expense, net | 45,022 | 29,552 | 39,476 | (9,005 | ) | — | 105,045 | |||||||||||||||||||
Net effect of swaps | 4,050 | 2,539 | — | — | — | 6,589 | ||||||||||||||||||||
Loss on early debt extinguishment | 21,175 | 12,781 | 617 | — | — | 34,573 | ||||||||||||||||||||
Unrealized / realized foreign currency loss | — | — | 13,737 | — | — | 13,737 | ||||||||||||||||||||
Other (income) expense | 749 | (8,947 | ) | 2,694 | 5,504 | — | — | |||||||||||||||||||
(Income) loss from investment in affiliates | (74,816 | ) | (52,527 | ) | (15,768 | ) | (12,687 | ) | 155,798 | — | ||||||||||||||||
Income before taxes | 78,369 | 19,257 | 6,065 | 138,976 | (155,798 | ) | 86,869 | |||||||||||||||||||
Provision (benefit) for taxes | 9,417 | (13,289 | ) | (8,917 | ) | 30,706 | — | 17,917 | ||||||||||||||||||
Net income | $ | 68,952 | $ | 32,546 | $ | 14,982 | $ | 108,270 | $ | (155,798 | ) | $ | 68,952 | |||||||||||||
Other comprehensive income (loss), (net of tax): | ||||||||||||||||||||||||||
Cumulative foreign currency translation adjustment | 2,950 | — | 2,950 | — | (2,950 | ) | 2,950 | |||||||||||||||||||
Unrealized income (loss) on cash flow hedging derivatives | 12,735 | 3,635 | — | — | (3,635 | ) | 12,735 | |||||||||||||||||||
Other comprehensive income (loss), (net of tax) | 15,685 | 3,635 | 2,950 | — | (6,585 | ) | 15,685 | |||||||||||||||||||
Total Comprehensive Income | $ | 84,637 | $ | 36,181 | $ | 17,932 | $ | 108,270 | $ | (162,383 | ) | $ | 84,637 | |||||||||||||
Condensed Consolidating Statement of Cash Flows | ' | |||||||||||||||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Six Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM OPERATING ACTIVITIES | $ | 57,348 | $ | (48,952 | ) | $ | (22,362 | ) | $ | 76,734 | $ | (10,531 | ) | $ | 52,237 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables receipts | — | 7,625 | — | 3,829 | (11,454 | ) | — | |||||||||||||||||||
Sale of other assets | — | — | — | 1,377 | — | 1,377 | ||||||||||||||||||||
Capital expenditures | (47,494 | ) | (193 | ) | (11,573 | ) | (47,430 | ) | — | (106,690 | ) | |||||||||||||||
Net cash from investing activities | (47,494 | ) | 7,432 | (11,573 | ) | (42,224 | ) | (11,454 | ) | (105,313 | ) | |||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | 39,000 | — | — | — | — | 39,000 | ||||||||||||||||||||
Note borrowings | — | — | 450,000 | — | — | 450,000 | ||||||||||||||||||||
Note payments, including amounts paid for early termination | — | — | (426,148 | ) | — | — | (426,148 | ) | ||||||||||||||||||
Distributions paid | (79,544 | ) | — | — | — | 1,269 | (78,275 | ) | ||||||||||||||||||
Payment of debt issuance costs | — | — | (9,795 | ) | — | — | (9,795 | ) | ||||||||||||||||||
Intercompany payables (payments) receipts | (44,310 | ) | 38,101 | 2,631 | (7,861 | ) | 11,439 | — | ||||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | (725 | ) | — | — | — | (725 | ) | ||||||||||||||||||
Net cash (for) financing activities | (84,854 | ) | 37,376 | 16,688 | (7,861 | ) | 12,708 | (25,943 | ) | |||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | 1,097 | — | — | 1,097 | ||||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | (75,000 | ) | (4,144 | ) | (16,150 | ) | 26,649 | (9,277 | ) | (77,922 | ) | |||||||||||||||
Balance, beginning of period | 75,000 | 4,144 | 35,575 | 3,337 | — | 118,056 | ||||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Six Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM (FOR) OPERATING ACTIVITIES | $ | 34,874 | $ | (8,162 | ) | $ | (6,326 | ) | $ | 81,364 | $ | (19,194 | ) | $ | 82,556 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables (payments) receipts | — | 13,869 | — | (5,384 | ) | (8,485 | ) | — | ||||||||||||||||||
Capital expenditures | (38,398 | ) | — | (3,435 | ) | (37,356 | ) | — | (79,189 | ) | ||||||||||||||||
Net cash from (for) investing activities | (38,398 | ) | 13,869 | (3,435 | ) | (42,740 | ) | (8,485 | ) | (79,189 | ) | |||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | 58,000 | — | — | — | — | 58,000 | ||||||||||||||||||||
Term debt borrowings | 359,022 | 256,500 | — | 14,478 | — | — | 630,000 | |||||||||||||||||||
Note borrowings | 294,897 | 205,103 | — | — | — | 500,000 | ||||||||||||||||||||
Payment of debt issuance costs | (14,312 | ) | (8,014 | ) | (438 | ) | — | — | (22,764 | ) | ||||||||||||||||
Term debt payments, including amounts paid for early termination | (655,723 | ) | (462,438 | ) | (14,514 | ) | — | — | (1,132,675 | ) | ||||||||||||||||
Distributions/dividends paid | (71,350 | ) | 1,711 | (13,173 | ) | — | 13,173 | (69,639 | ) | |||||||||||||||||
Intercompany payables (payments) receipts | 7,990 | 1,089 | (3,631 | ) | (13,933 | ) | 8,485 | — | ||||||||||||||||||
Exercise of limited partnership unit options | — | 28 | — | — | — | 28 | ||||||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | (130 | ) | — | — | — | (130 | ) | ||||||||||||||||||
Net cash (for) financing activities | (21,476 | ) | (6,151 | ) | (17,278 | ) | (13,933 | ) | 21,658 | (37,180 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | (1,389 | ) | — | — | (1,389 | ) | ||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase for the period | (25,000 | ) | (444 | ) | (28,428 | ) | 24,691 | (6,021 | ) | (35,202 | ) | |||||||||||||||
Balance, beginning of period | 25,000 | 444 | 50,173 | 3,213 | — | 78,830 | ||||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Twelve Months Ended June 29, 2014 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM OPERATING ACTIVITIES | $ | 184,623 | $ | (16,592 | ) | $ | (1,723 | ) | $ | 133,985 | $ | (6,009 | ) | $ | 294,284 | |||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany receivables (payments) receipts | — | 37,779 | — | (45,923 | ) | 8,144 | — | |||||||||||||||||||
Sale of other assets | — | — | — | 16,674 | — | 16,674 | ||||||||||||||||||||
Capital expenditures | (65,349 | ) | (193 | ) | (17,667 | ) | (64,639 | ) | — | (147,848 | ) | |||||||||||||||
Net cash (for) investing activities | (65,349 | ) | 37,586 | (17,667 | ) | (93,888 | ) | 8,144 | (131,174 | ) | ||||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | (19,000 | ) | — | — | — | — | (19,000 | ) | ||||||||||||||||||
Note borrowings | — | — | 450,000 | — | — | 450,000 | ||||||||||||||||||||
Term debt payments, including amounts paid for early termination | (5,457 | ) | (3,898 | ) | (220 | ) | — | — | (9,575 | ) | ||||||||||||||||
Note payments, including amounts paid for early termination | — | — | (426,148 | ) | — | — | (426,148 | ) | ||||||||||||||||||
Distributions paid | (154,847 | ) | — | — | — | 2,753 | (152,094 | ) | ||||||||||||||||||
Intercompany payables (payments) receipts | 60,253 | (17,224 | ) | 3,130 | (38,015 | ) | (8,144 | ) | — | |||||||||||||||||
Excess tax benefit from unit-based compensation expense | — | 260 | — | — | — | 260 | ||||||||||||||||||||
Payment of debt issuance costs | (223 | ) | (156 | ) | (9,901 | ) | — | — | (10,280 | ) | ||||||||||||||||
Exercise of limited partnership unit options | — | 24 | — | — | — | 24 | ||||||||||||||||||||
Net cash (for) financing activities | (119,274 | ) | (20,994 | ) | 16,861 | (38,015 | ) | (5,391 | ) | (166,813 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | 209 | — | — | 209 | ||||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | — | — | (2,320 | ) | 2,082 | (3,256 | ) | (3,494 | ) | |||||||||||||||||
Balance, beginning of period | — | — | 21,745 | 27,904 | (6,021 | ) | 43,628 | |||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 19,425 | $ | 29,986 | $ | (9,277 | ) | $ | 40,134 | |||||||||||||
CEDAR FAIR, L.P. | ||||||||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS | ||||||||||||||||||||||||||
For the Twelve Months Ended June 30, 2013 | ||||||||||||||||||||||||||
(In thousands) | ||||||||||||||||||||||||||
Cedar Fair L.P. (Parent) | Co-Issuer Subsidiary (Magnum) | Co-Issuer Subsidiary (Cedar Canada) | Guarantor Subsidiaries | Eliminations | Total | |||||||||||||||||||||
NET CASH FROM (FOR) OPERATING ACTIVITIES | $ | 190,494 | $ | (48,744 | ) | $ | 27,790 | $ | 146,839 | $ | (13,673 | ) | $ | 302,706 | ||||||||||||
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ||||||||||||||||||||||||||
Intercompany term debt receipts | — | 86,362 | — | — | (86,362 | ) | — | |||||||||||||||||||
Intercompany receivables payments | — | (43,948 | ) | — | (62,033 | ) | 105,981 | — | ||||||||||||||||||
Sale of other assets | — | — | — | 14,885 | — | 14,885 | ||||||||||||||||||||
Capital expenditures | (47,797 | ) | (8 | ) | (4,404 | ) | (56,786 | ) | — | (108,995 | ) | |||||||||||||||
Net cash from (for) investing activities | (47,797 | ) | 42,406 | (4,404 | ) | (103,934 | ) | 19,619 | (94,110 | ) | ||||||||||||||||
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ||||||||||||||||||||||||||
Net borrowings on revolving credit loans | (53,000 | ) | — | — | — | — | (53,000 | ) | ||||||||||||||||||
Term debt borrowings | 359,022 | 256,500 | 14,478 | — | — | 630,000 | ||||||||||||||||||||
Note borrowings | 294,897 | 205,103 | — | — | — | 500,000 | ||||||||||||||||||||
Intercompany term debt payments | — | — | — | (86,362 | ) | 86,362 | — | |||||||||||||||||||
Term debt payments, including amounts paid for early termination | (660,931 | ) | (466,114 | ) | (14,630 | ) | — | — | (1,141,675 | ) | ||||||||||||||||
Distributions/dividends (paid) received | (115,839 | ) | 1,746 | (13,173 | ) | — | 13,173 | (114,093 | ) | |||||||||||||||||
Intercompany payables (payments) receipts | 47,465 | 15,543 | (912 | ) | 43,885 | (105,981 | ) | — | ||||||||||||||||||
Payment of debt issuance costs | (14,311 | ) | (8,014 | ) | (433 | ) | — | — | (22,758 | ) | ||||||||||||||||
Exercise of limited partnership unit options | — | 57 | — | — | — | 57 | ||||||||||||||||||||
Excess tax benefit from unit-based compensation | — | 1,517 | — | — | — | 1,517 | ||||||||||||||||||||
Net cash from (for) financing activities | (142,697 | ) | 6,338 | (14,670 | ) | (42,477 | ) | (6,446 | ) | (199,952 | ) | |||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — | — | (945 | ) | — | — | (945 | ) | ||||||||||||||||||
CASH AND CASH EQUIVALENTS | ||||||||||||||||||||||||||
Net increase (decrease) for the period | — | — | 7,771 | 428 | (500 | ) | 7,699 | |||||||||||||||||||
Balance, beginning of period | — | — | 13,974 | 27,476 | (5,521 | ) | 35,929 | |||||||||||||||||||
Balance, end of period | $ | — | $ | — | $ | 21,745 | $ | 27,904 | $ | (6,021 | ) | $ | 43,628 | |||||||||||||
Interim_Reporting_Details
Interim Reporting (Details) | 6 Months Ended |
Jun. 29, 2014 | |
Nature of Operations [Line Items] | ' |
Number of amusement parks owned and operated | 11 |
Number of outdoor water parks owned and operated | 3 |
Number of indoor water parks owned and operated | 1 |
Number of hotels owned and operated | 5 |
Minimum [Member] | ' |
Nature of Operations [Line Items] | ' |
Operating period | '130 days |
Maximum [Member] | ' |
Nature of Operations [Line Items] | ' |
Operating period | '140 days |
LongLived_Assets_Details
Long-Lived Assets (Details) (Wildwater Kingdom [Member], USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2012 |
Wildwater Kingdom [Member] | ' | ' |
Impaired Long-Lived Assets Held and Used [Line Items] | ' | ' |
Fixed-asset impairment | $25 | $25 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets Goodwill (Details) (USD $) | 6 Months Ended | |
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 |
Goodwill [Roll Forward] | ' | ' |
Goodwill (gross), beginning of period | $317,957 | $326,089 |
Accumulated Impairment Losses, beginning of period | -79,868 | -79,868 |
Goodwill (net), beginning of period | 238,089 | 246,221 |
Foreign currency translation | -439 | -6,741 |
Goodwill (gross), end of period | 317,518 | 319,348 |
Accumulated Impairment Losses, end of period | -79,868 | -79,868 |
Goodwill (net), end of period | $237,650 | $239,480 |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Other Intangible Assets (Details) (USD $) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Carrying Amount/Value | $39,008,000 | $39,070,000 | $39,267,000 |
Accumulated Amortization | 399,000 | 399,000 | 379,000 |
Total other intangible assets, gross carrying amount | 39,908,000 | 39,870,000 | 40,098,000 |
Total other intangibe assets, net carrying value | 39,509,000 | 39,471,000 | 39,719,000 |
Finite-Lived Intangible Assets, Amortization Expense, 2015 | 75,000 | ' | ' |
Estimated amortization expense, 2014 (less than $75,000) | 75,000 | ' | ' |
Estimated amortization expense, 2017 (less than $75,000) | 75,000 | ' | ' |
Estimated amortization expense, 2018 (less than $75,000) | 75,000 | ' | ' |
Finite-Lived Intangible Assets, Amortization Expense, 2016 | 75,000 | ' | ' |
License / Franchise Agreements [Member] | ' | ' | ' |
Intangible Assets, Net (Excluding Goodwill) [Abstract] | ' | ' | ' |
Gross Carrying Amount | 900,000 | 800,000 | 831,000 |
Accumulated Amortization | 399,000 | 399,000 | 379,000 |
Net Carrying Value | $501,000 | $401,000 | $452,000 |
LongTerm_Debt_Details
Long-Term Debt (Details) (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | 6 Months Ended | |||||||||
In Millions, unless otherwise specified | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 03, 2014 | Jun. 29, 2014 | Jul. 30, 2010 | Jun. 29, 2014 | Mar. 31, 2013 | Jun. 29, 2014 | Mar. 31, 2013 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Mar. 31, 2013 | Mar. 31, 2013 | Jul. 30, 2010 |
Notes Payable Due 2024 [Domain] | Notes Payable Due 2024 [Domain] | Notes Payable Due 2024 [Domain] | Notes Payable, Due 2018 [Member] | Notes Payable, Due 2018 [Member] | Notes Payable Due 2021 [Member] [Domain] | Notes Payable Due 2021 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Original Issue Discount [Member] | ||
Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Maximum [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Maximum [Member] | Canadian Revolving Credit Facility [Member] | Senior Secured Term Loan [Member] | Senior Secured Term Loan [Member] | Senior Secured Revolving Credit Facility [Member] | Senior Unsecured Notes [Member] | |||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | $450 | ' | $405 | ' | $500 | ' | $885 | ' | ' | ' | ' | $630 | $255 | ' |
Debt Instrument, Periodic Payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6.3 | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | 5.38% | ' | 9.13% | ' | 5.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unamortized discount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.6 |
Effective interest rate percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9.38% |
Maximum borrowing capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15 | ' | ' | ' | ' | ' |
Commitment fee on unused portion of credit facilities | 0.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate margin over LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.25% | ' | ' | ' | ' |
Interest rate margin over LIBOR | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.50% | ' | ' | ' |
Interest rate LIBOR floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' |
Redemption percentage of original face amount | ' | 100.00% | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early call date, percentage of notes availabe for redemption | ' | ' | 35.00% | ' | ' | ' | 35.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Early call date, premium price, percentage | ' | ' | 105.38% | ' | ' | ' | 105.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated leverage ratio requirement | ' | ' | ' | ' | ' | ' | ' | ' | 6 | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated Leverage Ratio Decrease | 0.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Final Consolidated Leverage Ratio | 5.25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | 3.76 | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted payment | ' | ' | ' | ' | $60 | ' | ' | ' | ' | ' | $60 | ' | ' | ' | ' | ' | ' |
Pro-forma consolidated leverage ratio | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' |
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement, period of measurement, annual | ' | ' | ' | ' | ' | ' | ' | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' |
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' | ' | ' | ' | ' | ' | ' |
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement, period of measurement, quarterly | ' | ' | ' | ' | ' | ' | ' | ' | '3 months | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen2
Derivative Financial Instruments Schedule of Derivatives (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||
Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Mar. 31, 2013 | Mar. 31, 2013 | Jun. 29, 2014 | Mar. 31, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | |
Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Notes Payable Due 2021 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Credit Agreement 2013 [Member] [Domain] | Interest Expense [Member] | Interest Expense [Member] | Interest Expense [Member] | Interest Expense [Member] | Interest Expense [Member] | Interest Expense [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | Net Effect of Swaps [Member] | ||||||||
Forward Starting Interest Rate Swap 12 [Member] | Forward Starting Interest Rate Swap 13 [Member] | Forward Starting Interest Rate Swap 14 [Member] | Forward Starting Interest Rate Swap 15 [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Forward-Starting Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Derivatives Effective Through July 2013 [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Senior Unsecured Notes [Member] | Senior Secured Term Loan [Member] | Senior Secured Term Loan [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | |||||||||||||||||
2013 forwards [Member] | Forward Starting Interest Rate Swap 1 [Member] | Forward Starting Interest Rate Swap 2 [Member] | Forward Starting Interest Rate Swap 3 [Member] | Forward Starting Interest Rate Swap 4 [Member] | Forward Starting Interest Rate Swap 5 [Member] | Forward Starting Interest Rate Swap 6 [Member] | Forward Starting Interest Rate Swap 7 [Member] | Forward Starting Interest Rate Swap 8 [Member] | Forward Starting Interest Rate Swap 9 [Member] | Forward Starting Interest Rate Swap 10 [Member] | Forward Starting Interest Rate Swap 11 [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | Cash Flow Hedging [Member] | ||||||||||||||||||||||||||||||||||||||
contract | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($4,622,000) | $0 | ($7,364,000) | $2,266,000 | ($11,280,000) | $5,152,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, Net Hedge Ineffectiveness Gain (Loss) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 3,268,000 | 0 | 3,703,000 | 0 | 3,703,000 |
Derivative Instruments, Gain (Loss) Recognized in Income, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,301,000 | 992,000 | 3,918,000 | -479,000 | 7,944,000 | -479,000 | 2,301,000 | 992,000 | -479,000 | 7,944,000 | -479,000 | ' | ' | ' | ' | ' | ' |
Notional amount | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | 800,000,000 | 200,000,000 | 150,000,000 | 75,000,000 | 70,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 30,000,000 | 25,000,000 | 200,000,000 | ' | ' | 500,000,000 | 600,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fixed interest rate | ' | ' | ' | ' | ' | ' | ' | 3.00% | 3.00% | 3.00% | 2.70% | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.27% | 2.43% | 2.30% | 2.54% | 2.54% | 2.54% | 2.43% | 2.29% | 2.29% | 2.54% | 2.30% | ' | ' | ' | 2.94% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Average rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.94% | 2.38% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | 885,000,000 | ' | 630,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net effect of swaps | 315,000 | 2,273,000 | -56,000 | -6,938,000 | -1,000 | -6,589,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative, amount of hedged item | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of derivative instruments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, LIBOR floor, decrease to percent | 1.00% | ' | 1.00% | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt instrument, LIBOR floor, decrease from percent | 1.50% | ' | 1.50% | ' | 1.50% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate LIBOR floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 9,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Liability | -30,110,000 | -26,772,000 | -30,110,000 | -26,772,000 | -30,110,000 | -26,772,000 | -26,662,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,831,000 | -22,746,000 | -6,650,000 | ' | ' | -11,279,000 | -3,916,000 | -20,122,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | ' | ' | ' | 7,800,000 | ' | 7,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amortization of Deferred Hedge Gains | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,000,000 | 4,000,000 | 2,300,000 | 7,900,000 | -2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | -2,797,000 | 0 | -8,810,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $7,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Derivative_Financial_Instrumen3
Derivative Financial Instruments Balance Sheet Location (Details) (USD $) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative Liability | ($30,110,000) | ($26,662,000) | ($26,772,000) |
Derivative assets (liabilities), at fair value, net | -30,110,000 | -26,662,000 | -26,772,000 |
Designated As Hedging [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative assets (liabilities), at fair value, net | -11,279,000 | -3,916,000 | -20,122,000 |
Not Designated As Hedging [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative assets (liabilities), at fair value, net | -18,831,000 | -22,746,000 | -6,650,000 |
Interest Rate Swap [Member] | Designated As Hedging [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative Liability | -11,279,000 | -3,916,000 | -20,122,000 |
Interest Rate Swap [Member] | Not Designated As Hedging [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Derivative Liability | -18,831,000 | -22,746,000 | -6,650,000 |
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | ' | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | $9,800,000 | ' | ' |
Derivative_Financial_Instrumen4
Derivative Financial Instruments Income Statement Location (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net | ' | ' | ' | $7,800,000 | ' | $7,800,000 |
Net effect of swaps | -315,000 | -2,273,000 | 56,000 | 6,938,000 | 1,000 | 6,589,000 |
Interest Rate Swap [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Amortization of Deferred Hedge Gains | -2,000,000 | -2,000,000 | -4,000,000 | -2,300,000 | -7,900,000 | 2,000,000 |
Designated As Hedging [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | -4,622,000 | 0 | -7,364,000 | 2,266,000 | -11,280,000 | 5,152,000 |
Designated As Hedging [Member] | Interest Rate Swap [Member] | Interest Expense [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 0 | 0 | -2,797,000 | 0 | -8,810,000 |
Designated As Hedging [Member] | Interest Rate Swap [Member] | Net Effect of Swaps [Member] | Cash Flow Hedging [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Derivative, Net Hedge Ineffectiveness Gain (Loss) | 0 | 3,268,000 | 0 | 3,703,000 | 0 | 3,703,000 |
Not Designated As Hedging [Member] | Net Effect of Swaps [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Gain (loss) on derivative recognized in income | -2,301,000 | -992,000 | -3,918,000 | 479,000 | -7,944,000 | 479,000 |
Not Designated As Hedging [Member] | Interest Rate Swap [Member] | Net Effect of Swaps [Member] | ' | ' | ' | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Gain (loss) on derivative recognized in income | ($2,301,000) | ($992,000) | ' | $479,000 | ($7,944,000) | $479,000 |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2012 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Jun. 29, 2014 | |||||||||||||||||||||
Wildwater Kingdom [Member] | Wildwater Kingdom [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Not Designated As Hedging [Member] | Senior Unsecured Notes [Member] | |||||||||||||||||||||||||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Total [Member] | Total [Member] | Total [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Total [Member] | Total [Member] | Total [Member] | Level 1 [Member] | Level 1 [Member] | Level 1 [Member] | Level 2 [Member] | Level 2 [Member] | Level 2 [Member] | Level 3 [Member] | Level 3 [Member] | Level 3 [Member] | ||||||||||||||||||||||||||||||||||
Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Measurements, Recurring [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Derivative Liability | ($30,110,000) | ($26,662,000) | ($26,772,000) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($11,279,000) | ($3,916,000) | ($20,122,000) | ($11,279,000) | [1] | ($3,916,000) | [1] | ($20,122,000) | [1] | $0 | $0 | [1] | $0 | [1] | ($11,279,000) | ($3,916,000) | [1] | ($20,122,000) | [1] | $0 | $0 | [1] | $0 | [1] | ' | ' | ' | ($18,831,000) | ($22,746,000) | ($6,650,000) | ($18,831,000) | [2] | ($22,746,000) | [2] | ($6,650,000) | [2] | $0 | [2] | $0 | [2] | $0 | [2] | ($18,831,000) | [2] | ($22,746,000) | [2] | ($6,650,000) | [2] | $0 | [2] | $0 | [2] | $0 | [2] | ' |
Net derivative liability | -30,110,000 | -26,662,000 | -26,772,000 | ' | ' | ' | -30,110,000 | -26,662,000 | -26,772,000 | 0 | 0 | 0 | -30,110,000 | -26,662,000 | -26,772,000 | 0 | 0 | 0 | -11,279,000 | -3,916,000 | -20,122,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,831,000 | -22,746,000 | -6,650,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Increase in net derivative liability | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Fixed assets, fair value | ' | ' | ' | ' | ' | 19,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Fixed-asset impairment | ' | ' | ' | 25,000,000 | 25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Fair value of term debt | 621,900,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||||||||||||||||||
Fair value of notes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $969,400,000 | |||||||||||||||||||||
[1] | Designated as cash flow hedges and are included in bDerivative Liabilityb on the Unaudited Condensed Consolidated Balance Sheet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[2] | Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet |
Earnings_per_Unit_Details
Earnings per Unit (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Thousands, except Per Share data, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
Basic weighted average units outstanding | 55,419 | 55,484 | 55,453 | 55,464 | 55,470 | 55,446 |
Effect of dilutive units: | ' | ' | ' | ' | ' | ' |
Unit options and restricted unit awards | 325 | 152 | 0 | 0 | 253 | 84 |
Phantom units | 80 | 186 | 0 | 0 | 144 | 261 |
Diluted weighted average units outstanding | 55,824 | 55,822 | 55,453 | 55,464 | 55,867 | 55,791 |
Net income (loss) per limited partner unit - basic | $0.79 | $0.85 | ($0.71) | ($1.11) | $2.35 | $1.24 |
Net income (loss) per limited partner unit - diluted | $0.79 | $0.85 | ($0.71) | ($1.11) | $2.33 | $1.24 |
Income_and_Partnership_Taxes_U
Income and Partnership Taxes Unrecognized Tax Position (Details) (USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Jun. 29, 2014 |
Income Tax Disclosure [Abstract] | ' |
Unrecognized tax benefit | $1.10 |
Changes_in_Accumulated_Other_C2
Changes in Accumulated Other Comprehensive Income by Component Changes in AOCI by Component (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning | ($14,037) | ($19,314) | ($15,008) | ($28,500) | ($16,043) | ($31,728) |
Other comprehensive income before reclassifications | -6,237 | 1,592 | -6,944 | 3,833 | -9,267 | 7,355 |
Amounts reclassified from accumulated other comprehensive income | 1,679 | 1,679 | 3,357 | 8,624 | 6,715 | 8,330 |
Net current-period other comprehensive income | -4,558 | 3,271 | -3,587 | 12,457 | -2,552 | 15,685 |
Balance, ending | -18,595 | -16,043 | -18,595 | -16,043 | -18,595 | -16,043 |
Other Comprehensive income before reclassification tax effect | 702 | 0 | 1,115 | -326 | 1,846 | -745 |
Foreign currency translation adjustment, tax | 1,334 | -915 | 402 | -1,089 | -94 | -1,697 |
Provision (benefit) for taxes | -7,188 | -11,660 | 23,063 | 23,999 | -21,179 | -17,917 |
Gains and Losses on Cash Flow Hedges [Member] | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning | -15,663 | -16,864 | -15,013 | -25,749 | -15,185 | -27,920 |
Other comprehensive income before reclassifications | -3,920 | 0 | -6,248 | 1,940 | -9,434 | 4,405 |
Amounts reclassified from accumulated other comprehensive income | 1,679 | 1,679 | 3,357 | 8,624 | 6,715 | 8,330 |
Net current-period other comprehensive income | -2,241 | 1,679 | -2,891 | 10,564 | -2,719 | 12,735 |
Balance, ending | -17,904 | -15,185 | -17,904 | -15,185 | -17,904 | -15,185 |
Foreign Currency Items [Member] | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Balance, beginning | 1,626 | -2,450 | 5 | -2,751 | -858 | -3,808 |
Other comprehensive income before reclassifications | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Amounts reclassified from accumulated other comprehensive income | 0 | 0 | 0 | 0 | 0 | 0 |
Net current-period other comprehensive income | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Balance, ending | -691 | -858 | -691 | -858 | -691 | -858 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Provision (benefit) for taxes | ($307) | ($307) | ($614) | ($1,536) | ($1,228) | ($1,482) |
Changes_in_Accumulated_Other_C3
Changes in Accumulated Other Comprehensive Income by Component Reclassifications Out of AOCI (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Net effect of swaps | ($315) | ($2,273) | $56 | $6,938 | $1 | $6,589 |
Income (loss) before taxes | 51,090 | 59,050 | -62,701 | -85,735 | 151,481 | 86,869 |
Provision (benefit) for taxes | -7,188 | -11,660 | 23,063 | 23,999 | -21,179 | -17,917 |
Net income (loss) | 43,902 | 47,390 | -39,638 | -61,736 | 130,302 | 68,952 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Income (loss) before taxes | 1,986 | 1,986 | 3,971 | 10,160 | 7,943 | 9,811 |
Provision (benefit) for taxes | -307 | -307 | -614 | -1,536 | -1,228 | -1,482 |
Net income (loss) | 1,679 | 1,679 | 3,357 | 8,624 | 6,715 | 8,329 |
Interest Rate Contracts [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' | ' | ' |
Net effect of swaps | ($1,986) | ($1,986) | ($3,971) | ($10,160) | ($7,943) | ($9,811) |
Consolidating_Financial_Inform2
Consolidating Financial Information of Guarantors and Issuers (Details) (USD $) | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 03, 2014 | Mar. 31, 2013 | Jun. 29, 2014 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 |
Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Senior Unsecured Notes [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Eliminations [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Previously Reported [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Adjustment [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | Scenario, Actual [Member] | |||||
Notes Payable Due 2024 [Domain] | Notes Payable Due 2021 [Member] [Domain] | Notes Payable Due 2021 and 2024 [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Eliminations [Member] | Eliminations [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Eliminations [Member] | Eliminations [Member] | Cedar Fair L.P. (Parent) [Member] | Cedar Fair L.P. (Parent) [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Co-Issuer Subsidiary (Cedar Canada) [Member] | Guarantor Subsidiaries [Member] | Guarantor Subsidiaries [Member] | Eliminations [Member] | Eliminations [Member] | |||||||||||||||||||||||||||||||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net cash from operating activities | $52,237 | $82,556 | $294,284 | $302,706 | ' | ' | ' | $57,348 | $34,874 | $184,623 | $190,494 | ($48,952) | ($8,162) | ($16,592) | ($48,744) | ($22,362) | ($6,326) | ($1,723) | $27,790 | $76,734 | $81,364 | $133,985 | $146,839 | ($10,531) | ($19,194) | ($6,009) | ($13,673) | $82,556 | $302,706 | $4,808 | $210,085 | ($30,371) | ($47,009) | ($4,856) | $29,440 | $44,138 | $140,865 | $68,837 | ($30,675) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $82,556 | $302,706 | $34,874 | $190,494 | ($8,162) | ($48,744) | ($6,326) | $27,790 | $81,364 | $146,839 | ($19,194) | ($13,673) |
Investment in Joint Venture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 38,056 | 27,874 | 37,167 | -30,140 | -18,274 | -15,735 | 17,909 | -12,174 | -74,858 | 30,175 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Investing Activities | -105,313 | -79,189 | -131,174 | -94,110 | ' | ' | ' | -47,494 | -38,398 | -65,349 | -47,797 | 7,432 | 13,869 | 37,586 | 42,406 | -11,573 | -3,435 | -17,667 | -4,404 | -42,224 | -42,740 | -93,888 | -103,934 | -11,454 | -8,485 | 8,144 | 19,619 | -79,189 | -79,189 | -342 | -19,923 | 37,167 | -30,148 | -21,709 | -20,139 | -19,447 | -54,075 | -74,858 | 30,175 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -79,189 | -94,110 | -38,398 | -47,797 | 13,869 | 42,406 | -3,435 | -4,404 | -42,740 | -103,934 | -8,485 | 19,619 |
INtercompany Receivable | 0 | 0 | 0 | 0 | ' | ' | ' | 0 | 0 | 0 | 0 | 7,625 | 13,869 | 37,779 | -43,948 | 0 | 0 | 0 | 0 | 3,829 | -5,384 | -45,923 | -62,033 | -11,454 | -8,485 | 8,144 | 105,981 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,317 | 18,148 | -19,317 | -18,148 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany payable | 0 | 0 | 0 | 0 | ' | ' | ' | -44,310 | 7,990 | 60,253 | 47,465 | 38,101 | 1,089 | -17,224 | 15,543 | 2,631 | -3,631 | 3,130 | -912 | -7,861 | -13,933 | -38,015 | 43,885 | 11,439 | 8,485 | -8,144 | -105,981 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -7,990 | -47,465 | -14,958 | 28,405 | 3,631 | 912 | 0 | 0 | 19,317 | 18,148 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Dividend Paid to Parent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | 13,173 | 13,173 | 0 | 0 | -13,173 | -13,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments of Distributions to Affiliates | -78,275 | -69,639 | -152,094 | -114,093 | ' | ' | ' | -79,544 | -71,350 | -154,847 | -115,839 | 0 | 1,711 | 0 | 1,746 | 0 | -13,173 | 0 | -13,173 | 0 | 0 | 0 | 0 | 1,269 | 13,173 | 2,753 | 13,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | -86,362 | ' | ' | ' | 86,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | -86,362 | ' | 0 | ' | 0 | ' | 86,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investments in and Advances to Affiliates, at Fair Value, Period Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | -38,056 | -27,874 | -37,167 | 30,140 | 18,274 | 15,735 | -17,909 | 12,174 | 74,858 | -30,175 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | 86,362 | ' | ' | ' | 0 | ' | ' | ' | 0 | ' | ' | ' | -86,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | ' | 86,362 | ' | 0 | ' | 0 | ' | -86,362 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany Receivable Investing | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 13,869 | -43,948 | 0 | 0 | -5,384 | -62,033 | -8,485 | 105,981 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | 5.38% | 5.25% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsidiary ownership percentage guaranteeing notes | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Subsidiary guarantor ownership percentage | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net Cash Provided by (Used in) Financing Activities | -25,943 | -37,180 | -166,813 | -199,952 | ' | ' | ' | -84,854 | -21,476 | -119,274 | -142,697 | 37,376 | -6,151 | -20,994 | 6,338 | 16,688 | -17,278 | 16,861 | -14,670 | -7,861 | -13,933 | -38,015 | -42,477 | 12,708 | 21,658 | -5,391 | -6,446 | -37,180 | -199,952 | -29,466 | -190,162 | -7,240 | 77,157 | -474 | -585 | 0 | -86,362 | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -37,180 | -199,952 | -21,476 | -142,697 | -6,151 | 6,338 | -17,278 | -14,670 | -13,933 | -42,477 | 21,658 | -6,446 |
Cash Dividends Paid to Parent Company by Consolidated Subsidiaries | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | 0 | 0 | 0 | 0 | -13,173 | -13,173 | 0 | 0 | 13,173 | 13,173 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercompany Activity, Net, Financing Activities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $0 | $7,990 | $47,465 | $1,089 | $15,543 | ($3,631) | ($912) | ($13,933) | $43,885 | $8,485 | ($105,981) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidating_Financial_Inform3
Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) (USD $) | Jun. 29, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Jul. 01, 2012 |
In Thousands, unless otherwise specified | ||||||
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | $40,134 | $118,056 | $43,628 | $43,628 | $78,830 | $35,929 |
Receivables | 66,561 | 21,333 | 67,199 | ' | ' | ' |
Inventories | 45,571 | 26,080 | 45,452 | ' | ' | ' |
Current deferred tax asset | 22,900 | 9,675 | 28,302 | ' | ' | ' |
Other current assets | 31,398 | 11,353 | 33,888 | ' | ' | ' |
Total current assets | 206,564 | 186,497 | 218,469 | ' | ' | ' |
Property and equipment (net) | 1,557,164 | 1,505,763 | 1,550,901 | ' | ' | ' |
Investment In Park | 0 | 0 | 0 | ' | ' | ' |
Goodwill | 237,650 | 238,089 | 239,480 | ' | 246,221 | ' |
Other intangibes, net | 39,509 | 39,471 | 39,719 | ' | ' | ' |
Deferred Tax Asset | 0 | 0 | 0 | ' | ' | ' |
Other Assets | 44,909 | 44,807 | 32,326 | ' | ' | ' |
Assets | 2,085,796 | 2,014,627 | 2,080,895 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 3,025 | 0 | 6,300 | ' | ' | ' |
Accounts payable | 37,503 | 13,222 | 34,339 | ' | ' | ' |
Deferred revenue | 133,797 | 44,521 | 132,365 | ' | ' | ' |
Accrued interest | 12,516 | 23,201 | 23,944 | ' | ' | ' |
Accrued taxes | 7,253 | 19,481 | 10,021 | ' | ' | ' |
Accrued salaries, wages and benefits | 35,640 | 29,200 | 29,896 | ' | ' | ' |
Self-insurance reserves | 23,659 | 23,653 | 24,592 | ' | ' | ' |
Other accrued liabilities | 9,405 | 5,521 | 8,789 | ' | ' | ' |
Total current liabilities | 262,798 | 158,799 | 270,246 | ' | ' | ' |
Deferred Tax Liability | 157,046 | 158,113 | 154,292 | ' | ' | ' |
Derivative Liability | 30,110 | 26,662 | 26,772 | ' | ' | ' |
Other Liabilities | 7,402 | 11,290 | 8,796 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 39,000 | 0 | 58,000 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 615,825 | 618,850 | 622,125 | ' | ' | ' |
Notes | 950,000 | 901,782 | 901,431 | ' | ' | ' |
Total long-term debt | 1,604,825 | 1,520,632 | 1,581,556 | ' | ' | ' |
Equity | 23,615 | 139,131 | 39,233 | ' | ' | ' |
Total Partners' Equity and Liabilities | 2,085,796 | 2,014,627 | 2,080,895 | ' | ' | ' |
Cedar Fair L.P. (Parent) [Member] | ' | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 75,000 | 0 | ' | 25,000 | 0 |
Receivables | 59 | 6 | 250 | ' | ' | ' |
Inventories | 0 | 0 | 0 | ' | ' | ' |
Current deferred tax asset | 0 | 0 | 0 | ' | ' | ' |
Other current assets | 691 | 599 | 620 | ' | ' | ' |
Total current assets | 750 | 75,605 | 870 | ' | ' | ' |
Property and equipment (net) | 471,252 | 447,724 | 463,783 | ' | ' | ' |
Investment In Park | 466,213 | 514,948 | 447,080 | ' | ' | ' |
Goodwill | 9,061 | 9,061 | 9,061 | ' | ' | ' |
Other intangibes, net | 0 | 0 | 0 | ' | ' | ' |
Deferred Tax Asset | 0 | 0 | 0 | ' | ' | ' |
Other Assets | 11,680 | 25,210 | 13,605 | ' | ' | ' |
Assets | 958,956 | 1,072,548 | 934,399 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 1,724 | ' | 3,590 | ' | ' | ' |
Accounts payable | 218,225 | 259,850 | 155,522 | ' | ' | ' |
Deferred revenue | 0 | 0 | 0 | ' | ' | ' |
Accrued interest | 6,422 | 4,637 | 5,189 | ' | ' | ' |
Accrued taxes | 6,054 | 4,609 | 6,534 | ' | ' | ' |
Accrued salaries, wages and benefits | 0 | 0 | 1 | ' | ' | ' |
Self-insurance reserves | 0 | 0 | 0 | ' | ' | ' |
Other accrued liabilities | 376 | 1,146 | 860 | ' | ' | ' |
Total current liabilities | 232,801 | 270,242 | 171,696 | ' | ' | ' |
Deferred Tax Liability | 0 | 0 | 0 | ' | ' | ' |
Derivative Liability | 17,700 | 15,610 | 16,039 | ' | ' | ' |
Other Liabilities | 0 | 0 | 0 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 39,000 | ' | 58,000 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 350,943 | 352,668 | 354,534 | ' | ' | ' |
Notes | 294,897 | 294,897 | 294,897 | ' | ' | ' |
Total long-term debt | 684,840 | 647,565 | 707,431 | ' | ' | ' |
Equity | 23,615 | 139,131 | 39,233 | ' | ' | ' |
Total Partners' Equity and Liabilities | 958,956 | 1,072,548 | 934,399 | ' | ' | ' |
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | ' | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 4,144 | 0 | ' | 444 | 0 |
Receivables | 104,035 | 115,972 | 86,025 | ' | ' | ' |
Inventories | 5,732 | 1,968 | 4,639 | ' | ' | ' |
Current deferred tax asset | 18,655 | 5,430 | 23,822 | ' | ' | ' |
Other current assets | 14,115 | 4,443 | 11,440 | ' | ' | ' |
Total current assets | 142,537 | 131,957 | 125,926 | ' | ' | ' |
Property and equipment (net) | 8,206 | 976 | 994 | ' | ' | ' |
Investment In Park | 767,266 | 796,735 | 735,017 | ' | ' | ' |
Goodwill | 0 | 0 | 0 | ' | ' | ' |
Other intangibes, net | 0 | 0 | 0 | ' | ' | ' |
Deferred Tax Asset | 32,025 | 31,122 | 34,028 | ' | ' | ' |
Other Assets | 21,649 | 10,002 | 9,382 | ' | ' | ' |
Assets | 971,683 | 970,792 | 905,347 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 1,231 | ' | 2,565 | ' | ' | ' |
Accounts payable | 233,203 | 188,818 | 208,924 | ' | ' | ' |
Deferred revenue | 636 | 0 | 0 | ' | ' | ' |
Accrued interest | 4,251 | 3,223 | 3,563 | ' | ' | ' |
Accrued taxes | 1,196 | 0 | 458 | ' | ' | ' |
Accrued salaries, wages and benefits | 23,850 | 21,596 | 18,642 | ' | ' | ' |
Self-insurance reserves | 5,534 | 5,757 | 5,535 | ' | ' | ' |
Other accrued liabilities | 5,554 | 2,993 | 4,421 | ' | ' | ' |
Total current liabilities | 275,455 | 222,387 | 244,108 | ' | ' | ' |
Deferred Tax Liability | 0 | 0 | 0 | ' | ' | ' |
Derivative Liability | 12,410 | 11,052 | 10,733 | ' | ' | ' |
Other Liabilities | 4,039 | 7,858 | 5,296 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 250,730 | 251,961 | 253,294 | ' | ' | ' |
Notes | 205,103 | 205,103 | 205,103 | ' | ' | ' |
Total long-term debt | 455,833 | 457,064 | 458,397 | ' | ' | ' |
Equity | 223,946 | 272,431 | 186,813 | ' | ' | ' |
Total Partners' Equity and Liabilities | 971,683 | 970,792 | 905,347 | ' | ' | ' |
Co-Issuer Subsidiary (Cedar Canada) [Member] | ' | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 19,425 | 35,575 | 21,745 | ' | 50,173 | 13,974 |
Receivables | 93,286 | 67,829 | 80,435 | ' | ' | ' |
Inventories | 4,091 | 1,898 | 4,182 | ' | ' | ' |
Current deferred tax asset | 800 | 800 | 816 | ' | ' | ' |
Other current assets | 5,974 | 14,266 | 2,066 | ' | ' | ' |
Total current assets | 123,576 | 120,368 | 109,244 | ' | ' | ' |
Property and equipment (net) | 247,632 | 243,208 | 250,249 | ' | ' | ' |
Investment In Park | 149,180 | 142,668 | 129,942 | ' | ' | ' |
Goodwill | 117,371 | 117,810 | 119,201 | ' | ' | ' |
Other intangibes, net | 16,639 | 16,683 | 16,880 | ' | ' | ' |
Deferred Tax Asset | 0 | 0 | 0 | ' | ' | ' |
Other Assets | 9,276 | 6,657 | 7,112 | ' | ' | ' |
Assets | 663,674 | 647,394 | 632,628 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 70 | ' | 145 | ' | ' | ' |
Accounts payable | 15,070 | 17,632 | 7,971 | ' | ' | ' |
Deferred revenue | 15,824 | 2,815 | 18,719 | ' | ' | ' |
Accrued interest | 1,843 | 15,341 | 15,192 | ' | ' | ' |
Accrued taxes | 0 | 0 | 181 | ' | ' | ' |
Accrued salaries, wages and benefits | 2,303 | 1,101 | 2,153 | ' | ' | ' |
Self-insurance reserves | 1,772 | 1,742 | 1,727 | ' | ' | ' |
Other accrued liabilities | 1,095 | 181 | 715 | ' | ' | ' |
Total current liabilities | 37,977 | 38,812 | 46,803 | ' | ' | ' |
Deferred Tax Liability | 57,540 | 57,704 | 61,544 | ' | ' | ' |
Derivative Liability | 0 | 0 | 0 | ' | ' | ' |
Other Liabilities | 0 | 0 | 0 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 14,152 | 14,221 | 14,297 | ' | ' | ' |
Notes | 450,000 | 401,782 | 401,431 | ' | ' | ' |
Total long-term debt | 464,152 | 416,003 | 415,728 | ' | ' | ' |
Equity | 104,005 | 134,875 | 108,553 | ' | ' | ' |
Total Partners' Equity and Liabilities | 663,674 | 647,394 | 632,628 | ' | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | 29,986 | 3,337 | 27,904 | ' | 3,213 | 27,476 |
Receivables | 571,632 | 552,633 | 517,925 | ' | ' | ' |
Inventories | 35,748 | 22,214 | 36,631 | ' | ' | ' |
Current deferred tax asset | 3,445 | 3,445 | 3,664 | ' | ' | ' |
Other current assets | 13,500 | 7,764 | 19,762 | ' | ' | ' |
Total current assets | 654,311 | 589,393 | 605,886 | ' | ' | ' |
Property and equipment (net) | 830,074 | 813,855 | 835,875 | ' | ' | ' |
Investment In Park | 32,308 | 63,948 | 38,992 | ' | ' | ' |
Goodwill | 111,218 | 111,218 | 111,218 | ' | ' | ' |
Other intangibes, net | 22,870 | 22,788 | 22,839 | ' | ' | ' |
Deferred Tax Asset | 117 | 117 | 90 | ' | ' | ' |
Other Assets | 2,304 | 2,938 | 2,227 | ' | ' | ' |
Assets | 1,653,202 | 1,604,257 | 1,617,127 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 0 | ' | 0 | ' | ' | ' |
Accounts payable | 282,733 | 262,029 | 285,379 | ' | ' | ' |
Deferred revenue | 117,337 | 41,706 | 113,646 | ' | ' | ' |
Accrued interest | 0 | 0 | 0 | ' | ' | ' |
Accrued taxes | 2,885 | 30,591 | 2,848 | ' | ' | ' |
Accrued salaries, wages and benefits | 9,487 | 6,503 | 9,100 | ' | ' | ' |
Self-insurance reserves | 16,353 | 16,154 | 17,330 | ' | ' | ' |
Other accrued liabilities | 2,380 | 1,201 | 2,793 | ' | ' | ' |
Total current liabilities | 431,175 | 358,184 | 431,096 | ' | ' | ' |
Deferred Tax Liability | 131,648 | 131,648 | 126,866 | ' | ' | ' |
Derivative Liability | 0 | 0 | 0 | ' | ' | ' |
Other Liabilities | 3,363 | 3,432 | 3,500 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 0 | 0 | 0 | ' | ' | ' |
Notes | 0 | 0 | 0 | ' | ' | ' |
Total long-term debt | 0 | 0 | 0 | ' | ' | ' |
Equity | 1,087,016 | 1,110,993 | 1,055,665 | ' | ' | ' |
Total Partners' Equity and Liabilities | 1,653,202 | 1,604,257 | 1,617,127 | ' | ' | ' |
Eliminations [Member] | ' | ' | ' | ' | ' | ' |
Current Assets: | ' | ' | ' | ' | ' | ' |
Cash and cash equivalents | -9,277 | 0 | -6,021 | -6,021 | 0 | -5,521 |
Receivables | -702,451 | -715,107 | -617,436 | ' | ' | ' |
Inventories | 0 | 0 | 0 | ' | ' | ' |
Current deferred tax asset | 0 | 0 | 0 | ' | ' | ' |
Other current assets | -2,882 | -15,719 | 0 | ' | ' | ' |
Total current assets | -714,610 | -730,826 | -623,457 | ' | ' | ' |
Property and equipment (net) | 0 | 0 | 0 | ' | ' | ' |
Investment In Park | -1,414,967 | -1,518,299 | -1,351,031 | ' | ' | ' |
Goodwill | 0 | 0 | 0 | ' | ' | ' |
Other intangibes, net | 0 | 0 | 0 | ' | ' | ' |
Deferred Tax Asset | -32,142 | -31,239 | -34,118 | ' | ' | ' |
Other Assets | 0 | 0 | 0 | ' | ' | ' |
Assets | -2,161,719 | -2,280,364 | -2,008,606 | ' | ' | ' |
Current Liabilities: | ' | ' | ' | ' | ' | ' |
Current maturities of long-term debt | 0 | ' | 0 | ' | ' | ' |
Accounts payable | -711,728 | -715,107 | -623,457 | ' | ' | ' |
Deferred revenue | 0 | 0 | 0 | ' | ' | ' |
Accrued interest | 0 | 0 | 0 | ' | ' | ' |
Accrued taxes | -2,882 | -15,719 | 0 | ' | ' | ' |
Accrued salaries, wages and benefits | 0 | 0 | 0 | ' | ' | ' |
Self-insurance reserves | 0 | 0 | 0 | ' | ' | ' |
Other accrued liabilities | 0 | 0 | 0 | ' | ' | ' |
Total current liabilities | -714,610 | -730,826 | -623,457 | ' | ' | ' |
Deferred Tax Liability | -32,142 | -31,239 | -34,118 | ' | ' | ' |
Derivative Liability | 0 | 0 | 0 | ' | ' | ' |
Other Liabilities | 0 | 0 | 0 | ' | ' | ' |
Long-term Line of Credit, Noncurrent | 0 | ' | 0 | ' | ' | ' |
Long-Term Debt: | ' | ' | ' | ' | ' | ' |
Term debt | 0 | 0 | 0 | ' | ' | ' |
Notes | 0 | 0 | 0 | ' | ' | ' |
Total long-term debt | 0 | 0 | 0 | ' | ' | ' |
Equity | -1,414,967 | -1,518,299 | -1,351,031 | ' | ' | ' |
Total Partners' Equity and Liabilities | ($2,161,719) | ($2,280,364) | ($2,008,606) | ' | ' | ' |
Consolidating_Financial_Inform4
Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) (USD $) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | $363,014 | $361,620 | $403,480 | $403,419 | $1,134,633 | $1,086,069 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 31,090 | 31,053 | 36,075 | 36,090 | 91,757 | 94,565 |
Operating expenses | 147,192 | 141,284 | 227,542 | 217,941 | 481,945 | 451,823 |
Selling, general and administrative | 46,617 | 45,767 | 68,021 | 66,806 | 153,627 | 142,622 |
Depreciation and amortization | 46,974 | 46,032 | 51,281 | 50,818 | 122,950 | 125,136 |
Loss on impairment / retirement of fixed assets, net | 215 | 29 | 1,212 | 629 | 3,122 | 31,735 |
Gain on sale of other assets | -921 | 0 | -921 | 0 | -9,664 | -6,625 |
Total costs and expenses | 271,167 | 264,165 | 383,210 | 372,284 | 843,737 | 839,256 |
Operating income | 91,847 | 97,455 | 20,270 | 31,135 | 290,896 | 246,813 |
Interest Income (Expense), Net | 27,901 | 25,792 | 52,560 | 51,515 | 103,962 | 105,045 |
Net effect of swaps | -315 | -2,273 | 56 | 6,938 | 1 | 6,589 |
Loss on early debt extinguishment | 29,273 | 0 | 29,273 | 34,573 | 29,273 | 34,573 |
Unrealized / realized foreign currency (gain) loss | -16,102 | 14,886 | 1,082 | 23,844 | 6,179 | 13,737 |
Other Income Expense | 0 | 0 | 0 | 0 | 0 | 0 |
(Income) loss from investment in affiliates | 0 | 0 | 0 | 0 | 0 | 0 |
Income (loss) before taxes | 51,090 | 59,050 | -62,701 | -85,735 | 151,481 | 86,869 |
Provision (benefit) for taxes | 7,188 | 11,660 | -23,063 | -23,999 | 21,179 | 17,917 |
Net income (loss) | 43,902 | 47,390 | -39,638 | -61,736 | 130,302 | 68,952 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Unrealized income (loss) on cash flow hedging derivatives | -2,241 | 1,679 | -2,891 | 10,564 | -2,719 | 12,735 |
Other comprehensive income (loss), (net of tax) | -4,558 | 3,271 | -3,587 | 12,457 | -2,552 | 15,685 |
Total Comprehensive Income (Loss) | 39,344 | 50,661 | -43,225 | -49,279 | 127,750 | 84,637 |
Cedar Fair L.P. (Parent) [Member] | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | 43,084 | 43,925 | 47,839 | 48,243 | 152,065 | 148,757 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 0 | 0 | 0 | 0 | 0 | 0 |
Operating expenses | 1,312 | 1,408 | 2,660 | 2,831 | 5,832 | 5,438 |
Selling, general and administrative | 1,467 | 1,222 | 2,863 | 2,514 | 6,066 | 6,021 |
Depreciation and amortization | 14,011 | 12,891 | 14,485 | 13,366 | 37,926 | 36,799 |
Loss on impairment / retirement of fixed assets, net | 0 | 0 | 249 | -36 | 637 | 25,950 |
Gain on sale of other assets | 0 | ' | 0 | ' | 0 | 0 |
Total costs and expenses | 16,790 | 15,521 | 20,257 | 18,747 | 50,461 | 74,208 |
Operating income | 26,294 | 28,404 | 27,582 | 29,496 | 101,604 | 74,549 |
Interest Income (Expense), Net | 10,533 | 10,210 | 20,732 | 20,722 | 42,640 | 45,022 |
Net effect of swaps | -178 | -1,378 | 16 | 4,257 | -51 | 4,050 |
Loss on early debt extinguishment | 0 | ' | 0 | 21,175 | 0 | 21,175 |
Unrealized / realized foreign currency (gain) loss | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Expense | 188 | 187 | 375 | 375 | 750 | 749 |
(Income) loss from investment in affiliates | -30,914 | -30,875 | 42,674 | 41,221 | -82,104 | -74,816 |
Income (loss) before taxes | 46,665 | 50,260 | -36,215 | -58,254 | 140,369 | 78,369 |
Provision (benefit) for taxes | 2,763 | 2,870 | 3,423 | 3,482 | 10,067 | 9,417 |
Net income (loss) | 43,902 | 47,390 | -39,638 | -61,736 | 130,302 | 68,952 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Unrealized income (loss) on cash flow hedging derivatives | -2,241 | 1,679 | -2,891 | 10,564 | -2,719 | 12,735 |
Other comprehensive income (loss), (net of tax) | -4,558 | 3,271 | -3,587 | 12,457 | -2,552 | 15,685 |
Total Comprehensive Income (Loss) | 39,344 | 50,661 | -43,225 | -49,279 | 127,750 | 84,637 |
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | 79,737 | 85,358 | 88,416 | 93,729 | 290,764 | 271,778 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 79 | 0 | 79 | 0 | 79 | 0 |
Operating expenses | 54,893 | 52,246 | 77,355 | 73,852 | 187,107 | 177,188 |
Selling, general and administrative | 27,495 | 26,888 | 44,167 | 43,501 | 101,491 | 91,895 |
Depreciation and amortization | 94 | 9 | 103 | 18 | 122 | 40 |
Loss on impairment / retirement of fixed assets, net | -1 | 0 | -1 | 0 | -1 | 0 |
Gain on sale of other assets | 0 | ' | 0 | ' | 0 | 0 |
Total costs and expenses | 82,560 | 79,143 | 121,703 | 117,371 | 288,798 | 269,123 |
Operating income | -2,823 | 6,215 | -33,287 | -23,642 | 1,966 | 2,655 |
Interest Income (Expense), Net | 7,354 | 7,246 | 14,365 | 14,923 | 28,317 | 29,552 |
Net effect of swaps | -137 | -895 | 40 | 2,681 | 52 | 2,539 |
Loss on early debt extinguishment | 0 | ' | 0 | 12,781 | 0 | 12,781 |
Unrealized / realized foreign currency (gain) loss | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Expense | -2,415 | -2,128 | -5,689 | -4,516 | -12,430 | -8,947 |
(Income) loss from investment in affiliates | -21,721 | -15,540 | 25,422 | 20,100 | -32,198 | -52,527 |
Income (loss) before taxes | 14,096 | 17,532 | -67,425 | -69,611 | 18,225 | 19,257 |
Provision (benefit) for taxes | -3,481 | 684 | -13,903 | -16,981 | -9,055 | -13,289 |
Net income (loss) | 17,577 | 16,848 | -53,522 | -52,630 | 27,280 | 32,546 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | 0 | 0 | 0 | 0 | 0 | 0 |
Unrealized income (loss) on cash flow hedging derivatives | -644 | 503 | -817 | 3,038 | -1,007 | 3,635 |
Other comprehensive income (loss), (net of tax) | -644 | 503 | -817 | 3,038 | -1,007 | 3,635 |
Total Comprehensive Income (Loss) | 16,933 | 17,351 | -54,339 | -49,592 | 26,273 | 36,181 |
Co-Issuer Subsidiary (Cedar Canada) [Member] | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | 33,878 | 34,954 | 34,029 | 35,243 | 126,478 | 133,554 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 2,881 | 2,994 | 2,882 | 2,994 | 9,210 | 9,769 |
Operating expenses | 15,124 | 15,586 | 22,061 | 21,527 | 48,304 | 47,798 |
Selling, general and administrative | 3,886 | 3,868 | 4,759 | 4,579 | 11,164 | 10,659 |
Depreciation and amortization | 6,502 | 6,818 | 6,502 | 6,818 | 17,017 | 18,032 |
Loss on impairment / retirement of fixed assets, net | 0 | 0 | 0 | -478 | 1 | 475 |
Gain on sale of other assets | 0 | ' | 0 | ' | 0 | 0 |
Total costs and expenses | 28,393 | 29,266 | 36,204 | 36,396 | 85,696 | 86,733 |
Operating income | 5,485 | 5,688 | -2,175 | -1,153 | 40,782 | 46,821 |
Interest Income (Expense), Net | 11,933 | 9,843 | 21,401 | 19,607 | 41,170 | 39,476 |
Net effect of swaps | 0 | 0 | 0 | 0 | 0 | 0 |
Loss on early debt extinguishment | 29,273 | ' | 29,273 | 617 | 29,273 | 617 |
Unrealized / realized foreign currency (gain) loss | -16,102 | 14,886 | 1,082 | 23,844 | 6,179 | 13,737 |
Other Income Expense | 531 | 583 | 905 | 1,383 | 3,201 | 2,694 |
(Income) loss from investment in affiliates | -10,576 | -8,232 | -6,512 | -4,712 | -19,238 | -15,768 |
Income (loss) before taxes | -9,574 | -11,392 | -48,324 | -41,892 | -19,803 | 6,065 |
Provision (benefit) for taxes | -7,645 | -6,732 | -18,151 | -15,986 | -13,021 | -8,917 |
Net income (loss) | -1,929 | -4,660 | -30,173 | -25,906 | -6,782 | 14,982 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Unrealized income (loss) on cash flow hedging derivatives | 0 | 0 | 0 | 0 | 0 | 0 |
Other comprehensive income (loss), (net of tax) | -2,317 | 1,592 | -696 | 1,893 | 167 | 2,950 |
Total Comprehensive Income (Loss) | -4,246 | -3,068 | -30,869 | -24,013 | -6,615 | 17,932 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | 328,013 | 326,473 | 368,325 | 367,983 | 1,006,811 | 952,082 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 28,130 | 28,059 | 33,114 | 33,096 | 82,468 | 84,796 |
Operating expenses | 197,561 | 201,134 | 260,595 | 261,510 | 682,187 | 641,501 |
Selling, general and administrative | 13,769 | 13,789 | 16,232 | 16,212 | 34,906 | 34,047 |
Depreciation and amortization | 26,367 | 26,314 | 30,191 | 30,616 | 67,885 | 70,265 |
Loss on impairment / retirement of fixed assets, net | 216 | 29 | 964 | -115 | 2,485 | 5,310 |
Gain on sale of other assets | 921 | ' | 921 | ' | -9,664 | -6,625 |
Total costs and expenses | 265,122 | 269,325 | 340,175 | 341,549 | 860,267 | 829,294 |
Operating income | 62,891 | 57,148 | 28,150 | 26,434 | 146,544 | 122,788 |
Interest Income (Expense), Net | -1,919 | -1,507 | -3,938 | -3,737 | -8,165 | -9,005 |
Net effect of swaps | 0 | 0 | 0 | 0 | 0 | 0 |
Loss on early debt extinguishment | 0 | ' | 0 | 0 | 0 | 0 |
Unrealized / realized foreign currency (gain) loss | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Expense | 1,696 | 1,358 | 4,409 | 2,758 | 8,479 | 5,504 |
(Income) loss from investment in affiliates | 1,929 | 4,649 | 30,173 | 25,876 | 6,774 | -12,687 |
Income (loss) before taxes | 61,185 | 52,648 | -2,494 | 1,537 | 139,456 | 138,976 |
Provision (benefit) for taxes | 15,551 | 14,838 | 5,568 | 5,486 | 33,188 | 30,706 |
Net income (loss) | 45,634 | 37,810 | -8,062 | -3,949 | 106,268 | 108,270 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | 0 | 0 | 0 | 0 | 0 | 0 |
Unrealized income (loss) on cash flow hedging derivatives | 0 | 0 | 0 | 0 | 0 | 0 |
Other comprehensive income (loss), (net of tax) | 0 | 0 | 0 | 0 | 0 | 0 |
Total Comprehensive Income (Loss) | 45,634 | 37,810 | -8,062 | -3,949 | 106,268 | 108,270 |
Eliminations [Member] | ' | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' | ' |
Net revenues | -121,698 | -129,090 | -135,129 | -141,779 | -441,485 | -420,102 |
Costs and expenses: | ' | ' | ' | ' | ' | ' |
Cost of food, merchandise and games | 0 | 0 | 0 | 0 | 0 | 0 |
Operating expenses | -121,698 | -129,090 | -135,129 | -141,779 | -441,485 | -420,102 |
Selling, general and administrative | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation and amortization | 0 | 0 | 0 | 0 | 0 | 0 |
Loss on impairment / retirement of fixed assets, net | 0 | 0 | 0 | 0 | 0 | 0 |
Gain on sale of other assets | 0 | ' | 0 | ' | 0 | 0 |
Total costs and expenses | -121,698 | -129,090 | -135,129 | -141,779 | -441,485 | -420,102 |
Operating income | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Income (Expense), Net | 0 | 0 | 0 | 0 | 0 | 0 |
Net effect of swaps | 0 | 0 | 0 | 0 | 0 | 0 |
Loss on early debt extinguishment | 0 | ' | 0 | 0 | 0 | 0 |
Unrealized / realized foreign currency (gain) loss | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Expense | 0 | 0 | 0 | 0 | 0 | 0 |
(Income) loss from investment in affiliates | 61,282 | 49,998 | -91,757 | -82,485 | 126,766 | 155,798 |
Income (loss) before taxes | -61,282 | -49,998 | 91,757 | 82,485 | -126,766 | -155,798 |
Provision (benefit) for taxes | 0 | 0 | 0 | 0 | 0 | 0 |
Net income (loss) | -61,282 | -49,998 | 91,757 | 82,485 | -126,766 | -155,798 |
Other comprehensive income (loss), (net of tax): | ' | ' | ' | ' | ' | ' |
Cumulative foreign currency translation adjustment | 2,317 | -1,592 | 696 | -1,893 | -167 | -2,950 |
Unrealized income (loss) on cash flow hedging derivatives | 644 | -503 | 817 | -3,038 | 1,007 | -3,635 |
Other comprehensive income (loss), (net of tax) | 2,961 | -2,095 | 1,513 | -4,931 | 840 | -6,585 |
Total Comprehensive Income (Loss) | ($58,321) | ($52,093) | $93,270 | $77,554 | ($125,926) | ($162,383) |
Consolidating_Financial_Inform5
Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) (USD $) | 6 Months Ended | 12 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 29, 2014 | Jun. 30, 2013 | Jun. 29, 2014 | Jun. 30, 2013 | Mar. 31, 2013 |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | $52,237 | $82,556 | $294,284 | $302,706 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | 0 | 0 | 0 | 0 | ' |
Proceeds from Sales of Assets, Investing Activities | 1,377 | 0 | 16,674 | 14,885 | ' |
Capital expenditures | -106,690 | -79,189 | -147,848 | -108,995 | ' |
Net cash for investing activities | -105,313 | -79,189 | -131,174 | -94,110 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 39,000 | 58,000 | -19,000 | -53,000 | ' |
Term debt borrowings | 0 | 630,000 | 0 | 630,000 | ' |
Note borrowings | 450,000 | 500,000 | 450,000 | 500,000 | ' |
Repayments of Notes Payable | -426,148 | 0 | -426,148 | 0 | ' |
Repayments of Related Party Debt | ' | ' | ' | 0 | ' |
Repayments of Long-term Debt | 0 | -1,132,675 | -9,575 | -1,141,675 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 0 | ' |
Payments of Distributions to Affiliates | -78,275 | -69,639 | -152,094 | -114,093 | ' |
Intercompany payable | 0 | 0 | 0 | 0 | ' |
Excess tax benefit from unit-based compensation | -725 | -130 | 260 | 1,517 | ' |
Payments of Debt Issuance Costs | -9,795 | -22,764 | -10,280 | -22,758 | ' |
Exercise of limited partnership unit options | 0 | 28 | 24 | 57 | ' |
Net cash for financing activities | -25,943 | -37,180 | -166,813 | -199,952 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 1,097 | -1,389 | 209 | -945 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | -77,922 | -35,202 | -3,494 | 7,699 | ' |
Balance, beginning of period | 118,056 | 78,830 | 43,628 | 35,929 | 43,628 |
Balance, end of period | 40,134 | 43,628 | 40,134 | 43,628 | 43,628 |
Cedar Fair L.P. (Parent) [Member] | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | 57,348 | 34,874 | 184,623 | 190,494 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | 0 | 0 | 0 | 0 | ' |
Proceeds from Sales of Assets, Investing Activities | 0 | ' | 0 | 0 | ' |
Capital expenditures | -47,494 | -38,398 | -65,349 | -47,797 | ' |
Net cash for investing activities | -47,494 | -38,398 | -65,349 | -47,797 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 39,000 | 58,000 | -19,000 | -53,000 | ' |
Term debt borrowings | ' | 359,022 | ' | 359,022 | ' |
Note borrowings | 0 | 294,897 | 0 | 294,897 | ' |
Repayments of Notes Payable | 0 | ' | 0 | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | 0 | ' |
Repayments of Long-term Debt | ' | -655,723 | -5,457 | -660,931 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 0 | ' |
Payments of Distributions to Affiliates | -79,544 | -71,350 | -154,847 | -115,839 | ' |
Intercompany payable | -44,310 | 7,990 | 60,253 | 47,465 | ' |
Excess tax benefit from unit-based compensation | 0 | 0 | 0 | 0 | ' |
Payments of Debt Issuance Costs | 0 | -14,312 | -223 | -14,311 | ' |
Exercise of limited partnership unit options | ' | 0 | 0 | 0 | ' |
Net cash for financing activities | -84,854 | -21,476 | -119,274 | -142,697 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 0 | 0 | 0 | 0 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | -75,000 | -25,000 | 0 | 0 | ' |
Balance, beginning of period | 75,000 | 25,000 | 0 | 0 | ' |
Balance, end of period | 0 | 0 | 0 | 0 | ' |
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member] | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | -48,952 | -8,162 | -16,592 | -48,744 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | 7,625 | 13,869 | 37,779 | -43,948 | ' |
Proceeds from Sales of Assets, Investing Activities | 0 | ' | 0 | 0 | ' |
Capital expenditures | -193 | 0 | -193 | -8 | ' |
Net cash for investing activities | 7,432 | 13,869 | 37,586 | 42,406 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 0 | 0 | 0 | 0 | ' |
Term debt borrowings | ' | 256,500 | ' | 256,500 | ' |
Note borrowings | 0 | 205,103 | 0 | 205,103 | ' |
Repayments of Notes Payable | 0 | ' | 0 | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | 0 | ' |
Repayments of Long-term Debt | ' | -462,438 | -3,898 | -466,114 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 86,362 | ' |
Payments of Distributions to Affiliates | 0 | 1,711 | 0 | 1,746 | ' |
Intercompany payable | 38,101 | 1,089 | -17,224 | 15,543 | ' |
Excess tax benefit from unit-based compensation | -725 | -130 | 260 | 1,517 | ' |
Payments of Debt Issuance Costs | 0 | -8,014 | -156 | -8,014 | ' |
Exercise of limited partnership unit options | ' | 28 | 24 | 57 | ' |
Net cash for financing activities | 37,376 | -6,151 | -20,994 | 6,338 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 0 | 0 | 0 | 0 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | -4,144 | -444 | 0 | 0 | ' |
Balance, beginning of period | 4,144 | 444 | 0 | 0 | ' |
Balance, end of period | 0 | 0 | 0 | 0 | ' |
Co-Issuer Subsidiary (Cedar Canada) [Member] | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | -22,362 | -6,326 | -1,723 | 27,790 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | 0 | 0 | 0 | 0 | ' |
Proceeds from Sales of Assets, Investing Activities | 0 | ' | 0 | 0 | ' |
Capital expenditures | -11,573 | -3,435 | -17,667 | -4,404 | ' |
Net cash for investing activities | -11,573 | -3,435 | -17,667 | -4,404 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 0 | 0 | 0 | 0 | ' |
Term debt borrowings | ' | 14,478 | ' | 14,478 | ' |
Note borrowings | 450,000 | 0 | 450,000 | 0 | ' |
Repayments of Notes Payable | -426,148 | ' | -426,148 | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | 0 | ' |
Repayments of Long-term Debt | ' | -14,514 | -220 | -14,630 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 0 | ' |
Payments of Distributions to Affiliates | 0 | -13,173 | 0 | -13,173 | ' |
Intercompany payable | 2,631 | -3,631 | 3,130 | -912 | ' |
Excess tax benefit from unit-based compensation | 0 | 0 | 0 | 0 | ' |
Payments of Debt Issuance Costs | -9,795 | -438 | -9,901 | -433 | ' |
Exercise of limited partnership unit options | ' | 0 | 0 | 0 | ' |
Net cash for financing activities | 16,688 | -17,278 | 16,861 | -14,670 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 1,097 | -1,389 | 209 | -945 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | -16,150 | -28,428 | -2,320 | 7,771 | ' |
Balance, beginning of period | 35,575 | 50,173 | 21,745 | 13,974 | ' |
Balance, end of period | 19,425 | 21,745 | 19,425 | 21,745 | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | 76,734 | 81,364 | 133,985 | 146,839 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | 3,829 | -5,384 | -45,923 | -62,033 | ' |
Proceeds from Sales of Assets, Investing Activities | 1,377 | ' | 16,674 | 14,885 | ' |
Capital expenditures | -47,430 | -37,356 | -64,639 | -56,786 | ' |
Net cash for investing activities | -42,224 | -42,740 | -93,888 | -103,934 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 0 | 0 | 0 | 0 | ' |
Term debt borrowings | ' | 0 | ' | 0 | ' |
Note borrowings | 0 | 0 | 0 | 0 | ' |
Repayments of Notes Payable | 0 | ' | 0 | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | -86,362 | ' |
Repayments of Long-term Debt | ' | 0 | 0 | 0 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | 0 | ' |
Payments of Distributions to Affiliates | 0 | 0 | 0 | 0 | ' |
Intercompany payable | -7,861 | -13,933 | -38,015 | 43,885 | ' |
Excess tax benefit from unit-based compensation | 0 | 0 | 0 | 0 | ' |
Payments of Debt Issuance Costs | 0 | 0 | 0 | 0 | ' |
Exercise of limited partnership unit options | ' | 0 | 0 | 0 | ' |
Net cash for financing activities | -7,861 | -13,933 | -38,015 | -42,477 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 0 | 0 | 0 | 0 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | 26,649 | 24,691 | 2,082 | 428 | ' |
Balance, beginning of period | 3,337 | 3,213 | 27,904 | 27,476 | ' |
Balance, end of period | 29,986 | 27,904 | 29,986 | 27,904 | ' |
Eliminations [Member] | ' | ' | ' | ' | ' |
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' | ' | ' |
NET CASH (FOR) FROM OPERATING ACTIVITIES | -10,531 | -19,194 | -6,009 | -13,673 | ' |
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES | ' | ' | ' | ' | ' |
INtercompany Receivable | -11,454 | -8,485 | 8,144 | 105,981 | ' |
Proceeds from Sales of Assets, Investing Activities | 0 | ' | 0 | 0 | ' |
Capital expenditures | 0 | 0 | 0 | 0 | ' |
Net cash for investing activities | -11,454 | -8,485 | 8,144 | 19,619 | ' |
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES | ' | ' | ' | ' | ' |
Proceeds from (Repayments of) Other Long-term Debt | 0 | 0 | 0 | 0 | ' |
Term debt borrowings | ' | 0 | ' | 0 | ' |
Note borrowings | 0 | 0 | 0 | 0 | ' |
Repayments of Notes Payable | 0 | ' | 0 | ' | ' |
Repayments of Related Party Debt | ' | ' | ' | 86,362 | ' |
Repayments of Long-term Debt | ' | 0 | 0 | 0 | ' |
Proceeds from Collection of (Payments to Fund) Long-term Loans to Related Parties | ' | ' | ' | -86,362 | ' |
Payments of Distributions to Affiliates | 1,269 | 13,173 | 2,753 | 13,173 | ' |
Intercompany payable | 11,439 | 8,485 | -8,144 | -105,981 | ' |
Excess tax benefit from unit-based compensation | 0 | 0 | 0 | 0 | ' |
Payments of Debt Issuance Costs | 0 | 0 | 0 | 0 | ' |
Exercise of limited partnership unit options | ' | 0 | 0 | 0 | ' |
Net cash for financing activities | 12,708 | 21,658 | -5,391 | -6,446 | ' |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 0 | 0 | 0 | 0 | ' |
CASH AND CASH EQUIVALENTS | ' | ' | ' | ' | ' |
Net increase (decrease) for the period | -9,277 | -6,021 | -3,256 | -500 | ' |
Balance, beginning of period | 0 | 0 | -6,021 | -5,521 | -6,021 |
Balance, end of period | ($9,277) | ($6,021) | ($9,277) | ($6,021) | ($6,021) |