Six Flags Entertainment (FUN) 10-Q 3 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 26, 2017	May 01, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 26, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	CEDAR FAIR L P
Entity Central Index Key	811,532
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		56,235,646

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Current Assets:
Cash and cash equivalents	$ 34,242	$ 122,716	$ 64,551
Receivables	28,585	35,414	33,914
Inventories	39,318	26,276	38,455
Prepaid advertising	20,046	1,571	18,929
Other current assets	9,043	9,699	8,989
Total current assets	131,234	195,676	164,838
Property and Equipment:
Land	266,433	265,961	270,534
Land improvements	403,830	402,013	382,791
Buildings	664,936	663,982	650,581
Rides and equipment	1,649,934	1,643,770	1,575,003
Construction in progress	97,920	58,299	87,833
Total property and equipment, gross	3,083,053	3,034,025	2,966,742
Less accumulated depreciation	(1,494,405)	(1,494,805)	(1,396,588)
Total property and equipment, net	1,588,648	1,539,220	1,570,154
Goodwill	179,899	179,660	214,708
Other Intangibles, net	37,724	37,837	36,655
Other Assets	20,774	20,788	17,405
Total Assets	1,958,279	1,973,181	2,003,760
Current Liabilities:
Current maturities of long-term debt	4,350	2,775	4,050
Accounts payable	44,715	20,851	34,092
Deferred revenue	116,132	82,765	105,256
Accrued interest	11,013	9,986	11,360
Accrued taxes	8,536	58,958	10,563
Accrued salaries, wages and benefits	14,427	30,358	22,441
Self-insurance reserves	25,833	27,063	24,252
Distribution payable	0	0	46,314
Other accrued liabilities	11,619	9,927	7,196
Total current liabilities	236,625	242,683	265,524
Deferred Tax Liability	122,007	104,885	138,948
Derivative Liability	15,658	17,721	27,855
Other Liabilities	12,923	13,162	12,388
Long-Term Debt:
Revolving credit loans	85,000	0	65,000
Term debt	593,197	594,228	597,309
Notes	940,421	939,983	938,542
Total long-term debt	1,618,618	1,534,211	1,600,851
Partners’ Equity:
Special L.P. interests	5,290	5,290	5,290
General partner	(1)	0	0
Limited partners, 56,236, 56,201 and 56,069 units outstanding at March 26, 2017, December 31, 2016 and March 27, 2016, respectively	(57,116)	52,288	(43,361)
Accumulated other comprehensive income (loss)	4,275	2,941	(3,735)
Total partners' equity	(47,552)	60,519	(41,806)
Total Partners' Equity and Liabilities	$ 1,958,279	$ 1,973,181	$ 2,003,760

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Statement of Financial Position [Abstract]
Limited partners, units outstanding (in shares)	56,236	56,201	56,069

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Net revenues:
Admissions	$ 22,563	$ 28,660
Food, merchandise and games	18,208	21,767
Accommodations, extra-charge products and other	7,547	8,011
Total net revenues	48,318	58,438
Costs and expenses:
Cost of food, merchandise, and games revenues	5,480	6,237
Operating expenses	84,289	84,604
Selling, general and administrative	27,619	25,612
Depreciation and amortization	5,365	5,191
Loss on impairment / retirement of fixed assets, net	1,526	2,612
Total costs and expenses	124,279	124,256
Operating loss	(75,961)	(65,818)
Interest expense	18,914	19,787
Net effect of swaps	301	1,842
Gain on foreign currency	(2,671)	(19,561)
Interest income	(32)	(18)
Loss before taxes	(92,473)	(67,868)
Benefit for taxes	(27,719)	(19,382)
Net loss	(64,754)	(48,486)
Net loss allocated to general partner	(1)	0
Net loss allocated to limited partners	(64,753)	(48,486)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	(660)	(4,395)
Unrealized gain (loss) on cash flow hedging derivatives	1,994	(2,631)
Other comprehensive income (loss), (net of tax)	1,334	(7,026)
Total comprehensive loss	$ (63,420)	$ (55,512)
Basic loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)	56,008	55,877
Net income (loss) per limited partner unit (in dollars per share)	$ (1.16)	$ (0.87)
Diluted loss per limited partner unit:
Weighted average limited partner units outstanding (in shares)	56,008	55,877
Net income (loss) per limited partner unit (in dollars per share)	$ (1.16)	$ (0.87)

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statement of Partners' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Limited Partners [Member]	General Partner [Member]	Special L.P. Interests [Member]	AOCI Attributable to Parent [Member]	Accumulated Translation Adjustment [Member]	Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax						$ (19,300)
Beginning balance, units (in shares) at Dec. 31, 2015		56,018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Limited partnership unit options exercised (in shares)		7
Limited partnership unit forfeitures (in shares)		0
Issuance of limited partnership units as compensation (in shares)		44
Ending balance, units (in shares) at Mar. 27, 2016		56,069
Beginning balance, value at Dec. 31, 2015		$ 48,428	$ 0	$ 22,591
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (48,486)	(48,486)
Partnership distribution declared ($0.855 and $0.825 per limited partnership unit)		(46,314)
Expense recognized for limited partnership unit options		5
Tax effect of units involved in treasury unit transactions	1,549	(1,549)
Issuance of limited partnership units as compensation		4,555
Net income (loss)			0
Partnership distribution declared			0
Period activity, net of tax $0 and $2,520	(4,395)					(4,395)
Period activity, net of tax ($371) and $464	(2,631)						$ (2,631)
Ending balance, value at Mar. 27, 2016	(41,806)	$ (43,361)	0	5,290	$ (3,735)	18,196	(21,931)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax						(15,950)
Beginning balance, units (in shares) at Dec. 31, 2016		56,201
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Limited partnership unit options exercised (in shares)		10
Limited partnership unit forfeitures (in shares)		(2)
Issuance of limited partnership units as compensation (in shares)		27
Ending balance, units (in shares) at Mar. 26, 2017		56,236
Beginning balance, value at Dec. 31, 2016	60,519	$ 52,288	0	18,891
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(64,754)	(64,753)
Partnership distribution declared ($0.855 and $0.825 per limited partnership unit)		(48,135)
Expense recognized for limited partnership unit options		0
Tax effect of units involved in treasury unit transactions	1,369	(1,369)
Issuance of limited partnership units as compensation		4,853
Net income (loss)			(1)
Partnership distribution declared			0
Period activity, net of tax $0 and $2,520	(660)					(660)
Period activity, net of tax ($371) and $464	1,994						1,994
Ending balance, value at Mar. 26, 2017	$ (47,552)	$ (57,116)	$ (1)	$ 5,290	$ 4,275	$ 18,231	$ (13,956)

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statement of Partners' Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Statement of Partners' Capital [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 2,520
Unrealized loss on cash flow hedging derivatives, tax	$ (371)	$ 464
Partnership distribution declared, amount per limited partnership unit (in dollars per share)	$ 0.855	$ 0.825

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
CASH FLOWS FOR OPERATING ACTIVITIES
Net loss	$ (64,754)	$ (48,486)
Adjustments to reconcile net loss to net cash for operating activities:
Depreciation and amortization	5,365	5,191
Non-cash foreign currency gain on debt	(2,010)	(19,812)
Other non-cash expenses	4,627	10,434
Net change in working capital	(33,738)	(19,917)
Net change in other assets/liabilities	16,526	5,657
Net cash for operating activities	(73,984)	(66,933)
CASH FLOWS FOR INVESTING ACTIVITIES
Capital expenditures	(48,455)	(52,221)
Payments to Acquire Intangible Assets	(10)	0
Net cash for investing activities	(48,465)	(52,221)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	85,000	65,000
Distributions paid to partners	(48,135)	0
Tax effect of units involved in treasury unit transactions	(1,369)	(1,549)
Payments Related to Tax Withholding for Share-based Compensation	(1,904)	(909)
Net cash from financing activities	33,592	62,542
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	383	1,606
CASH AND CASH EQUIVALENTS
Net decrease for the period	(88,474)	(55,006)
Balance, beginning of period	122,716	119,557
Balance, end of period	34,242	64,551
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	17,978	18,123
Interest capitalized	1,047	788
Cash payments for income taxes, net of refunds	8,084	2,834
Capital expenditures in accounts payable	$ 11,898	$ 4,809

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 26, 2017
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 seasonal nature of the Partnership's amusement and water park operations, the results for any interim period may not be indicative of the results expected for the full fiscal year.

Significant Accounting and Repo

Significant Accounting and Reporting Policies	3 Months Ended
	Mar. 26, 2017
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 March 26, 2017 and March 27, 2016 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, 2016 , which were included in the Form 10-K filed on February 24, 2017 . 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. Adopted Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). The amendments in ASU 2016-09 are meant to simplify the current accounting for share-based payment transactions, specifically the accounting for income taxes, award classification, cash flow presentation, and accounting for forfeitures. ASU 2016-09 is effective for annual and interim periods beginning after December 15, 2016. The Partnership adopted this guidance in the first quarter of 2017. The impact of the guidance included: (1) prospective recognition of excess tax benefits and tax deficiencies as income tax expense (as opposed to the previous recognition in additional paid-in-capital), approximately $0.7 million of excess tax benefits were recognized in benefit for taxes for the three months ended March 26, 2017 ; (2) prospective exclusion of future excess tax benefits and deficiencies in the calculation of diluted shares, which had no impact on the net loss per limited partner unit for the three months ending March 26, 2017 ; (3) prospective classification of excess tax benefits as an operating activity within the statement of cash flows (as opposed to the previous classification as a financing activity), approximately $0.7 million of excess tax benefits were classified as an operating activity for the three months ended March 26, 2017 ; (4) the formal accounting policy election to recognize forfeitures as they occur (as opposed to estimating a forfeiture accrual), which did not have a material impact on the Partnership's financial statements; (5) retrospective classification of employee taxes paid when an employer withholds shares for tax withholding purposes as a financing activity within the statement of cash flows (as opposed to the previous classification as an operating activity), approximately $0.9 million was reclassified for the three months ended March 27, 2016 . New Accounting Pronouncements 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 after December 15, 2017 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 currently expects to adopt this standard in the first quarter of 2018. The Partnership anticipates the primary impact of the adoption on the consolidated financial statements will be the additional required disclosures around revenue recognition in the notes to the consolidated financial statements. The Partnership does not anticipate adoption of the standard to have a material effect on the consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases ("ASU 2016-02"). The amendments in ASU 2016-02 provide that most leases will now be recorded on the balance sheet. ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018 and will replace most existing lease guidance under U.S. GAAP when it becomes effective. This ASU requires a modified transition method for existing leases and applies to the earliest period presented in the financial statements. The Partnership is in the process of evaluating the effect this standard will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). The amendments in ASU 2017-04 eliminates step two from the goodwill impairment test. Instead, an entity should recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for annual and any interim impairment tests for periods beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for annual and any interim impairment tests occurring after January 1, 2017. The Partnership expects to adopt the standard for its 2017 annual impairment test and does not anticipate the adoption of the standard to have a material effect on the consolidated financial statements.

Interim Reporting

Interim Reporting	3 Months Ended
	Mar. 26, 2017
Quarterly Financial Information Disclosure [Abstract]
Interim Reporting	Interim Reporting: The Partnership owns and operates eleven amusement parks, two separately gated outdoor water parks, one indoor water park and five hotels. The Partnership's seasonal amusement parks are generally open during weekends beginning in April or May, and then daily from Memorial Day until Labor Day, after which they are open during weekends in September and, in most cases, October. The two separately gated outdoor water parks also operate seasonally, generally from Memorial Day to Labor Day, plus some additional weekends before and after this period. As a result, a substantial portion of the Partnership’s revenues from these parks are generated during an approximate 130 - to 140 -day operating season with the major portion concentrated in the third quarter during the peak vacation months of July and August. In 2017, four of the seasonal properties will extend their operating seasons approximately 20 to 25 days to include WinterFest, a holiday event operating during November and December. Knott's Berry Farm continues to be open daily on a year-round basis. Castaway Bay is generally open daily from Memorial Day to Labor Day with an additional 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-use products are recognized over the estimated number of uses expected for each type of product and are adjusted periodically during the operating season prior to the ticket or product expiration, which occurs no later than the close of the operating season or December 31 each year, (b) depreciation, advertising and certain seasonal operating costs are expensed over each park’s operating season, including some costs incurred prior to the season, which are deferred and amortized over the season, and (c) all other costs are expensed as incurred or ratably over the entire year. Revenues on multi-use products for the next operating season are deferred in the year received and recognized as revenue in the following operating season.

Long-Lived Assets

Long-Lived Assets	3 Months Ended
	Mar. 26, 2017
Property, Plant and Equipment [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 the Partnership's 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. 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 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 (discounted cash flows) approach, which 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. If the 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. During the third quarter of 2016, the Partnership ceased operations of one of its separately gated outdoor water parks, Wildwater Kingdom, located near Cleveland in Aurora, Ohio. At the date that Wildwater Kingdom ceased operations, the only remaining long-lived asset was the approximate 670 acres of land owned by the Partnership. This land has an associated carrying value of $17.1 million . The Partnership assessed the remaining asset and concluded there was no impairment during the third quarter of 2016. The associated acreage is classified as assets held-for-sale within "Other Assets" in the unaudited condensed consolidated balance sheet.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 26, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill and other indefinite-lived intangible assets, including trade-names, are reviewed for impairment annually, or more frequently if indicators of impairment exist. As of March 26, 2017 , there were no indicators of impairment. The Partnership's annual testing date is the first day of the fourth quarter. There were no impairments for any period presented. A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 26, 2017 and March 27, 2016 is as follows: (In thousands) Goodwill (gross) Accumulated Impairment Losses Goodwill (net) Balance at December 31, 2016 $ 259,528 $ (79,868 ) $ 179,660 Foreign currency translation 239 — 239 Balance at March 26, 2017 $ 259,767 $ (79,868 ) $ 179,899 Balance at December 31, 2015 $ 290,679 $ (79,868 ) $ 210,811 Foreign currency translation 3,897 — 3,897 Balance at March 27, 2016 $ 294,576 $ (79,868 ) $ 214,708 During the fourth quarter of 2016, management reassessed its accounting for the deferred income tax effects related to its Canadian disregarded entity temporary differences that were recorded in purchase accounting at the time of the acquisition. As a result, to appropriately reflect these tax effects, the Partnership recorded an adjustment that reduced goodwill and deferred tax liabilities by $33.9 million as of December 31, 2016. The adjustment did not impact the statements of operations and comprehensive income or cash flows for any period presented. As of March 26, 2017 , December 31, 2016 , and March 27, 2016 , the Partnership’s other intangible assets consisted of the following: (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Value March 26, 2017 Other intangible assets: Trade names $ 35,656 $ — $ 35,656 License / franchise agreements 3,301 (1,233 ) 2,068 Total other intangible assets $ 38,957 $ (1,233 ) $ 37,724 December 31, 2016 Other intangible assets: Trade names $ 35,603 $ — $ 35,603 License / franchise agreements 3,326 (1,092 ) 2,234 Total other intangible assets $ 38,929 $ (1,092 ) $ 37,837 March 27, 2016 Other intangible assets: Trade names $ 35,760 $ — $ 35,760 License / franchise agreements 1,444 (549 ) 895 Total other intangible assets $ 37,204 $ (549 ) $ 36,655 Amortization expense of other intangible assets is expected to continue to be immaterial going forward.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 26, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt: Long-term debt as of March 26, 2017 , December 31, 2016 , and March 27, 2016 consisted of the following: (In thousands) March 26, 2017 December 31, 2016 March 27, 2016 Revolving credit facility (due 2018) $ 85,000 $ — $ 65,000 Term debt (1) March 2013 U.S. term loan averaging 3.25% (due 2013-2020) 602,850 602,850 608,850 Notes June 2014 U.S. fixed rate notes at 5.375% (due 2024) 450,000 450,000 450,000 March 2013 U.S. fixed rate notes at 5.25% (due 2021) 500,000 500,000 500,000 1,637,850 1,552,850 1,623,850 Less current portion (4,350 ) (2,775 ) (4,050 ) 1,633,500 1,550,075 1,619,800 Less debt issuance costs (14,882 ) (15,864 ) (18,949 ) $ 1,618,618 $ 1,534,211 $ 1,600,851 (1) The average interest rate does not reflect the effect of interest rate swap agreements (see Note 6). In June 2014, the Partnership issued $450 million of 5.375% senior unsecured notes ("June 2014 notes"), maturing in 2024 . 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% July 2010 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. 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. 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. In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes ("March 2013 notes"), maturing in 2021. The Partnership's March 2013 notes paid interest semi-annually in March and September, with the principal due in full on March 15, 2021 . The notes were redeemed in whole prior to March 15, 2018 at a price equal to 102.625% of the principal amount of the notes redeemed, together with accrued and unpaid interest to the redemption date. Concurrently with this offering, the Partnership entered into an $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 included a maturity date of March 6, 2020 and an interest rate of London InterBank Offering Rate ("LIBOR") plus 250 basis points (bps) with a LIBOR floor of 75 bps. The term loan amortized at $6.3 million annually. The net proceeds from the March 2013 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 were collateralized by substantially all of the assets of the Partnership. Terms of the 2013 Credit Agreement included a revolving credit facility of a combined $255 million . Under the 2013 Credit Agreement, the Canadian portion of the revolving credit facility had 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 was scheduled to mature in March 2018 and also provided for the issuance of documentary and standby letters of credit. The 2013 Credit Agreement required the Partnership to pay a commitment fee of 38 bps per annum on the unused portion of the credit facilities. The 2013 Credit Agreement included two Financial Condition Covenants, which if breached for any reason and not cured, could result in an event of default. At the end of the first quarter of 2017, the first of these, the Consolidated Leverage Ratio, was set at a maximum of 5.50 x consolidated total debt (excluding the revolving debt)-to-consolidated EBITDA. The second of these required ratios, the Consolidated Fixed Charge Coverage Ratio, was set at a minimum of 1.1 x (consolidated total fixed charges-to-consolidated EBITDA). As of March 26, 2017 , the Partnership was in compliance with these Financial Condition Covenants and all other covenants under the 2013 Credit Agreement. The Partnership was 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 and so long as the Partnership would be in compliance with certain financial ratios after giving effect to the payments. Additional Restricted Payments were 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 5.00 x. Pursuant to the terms of the indentures governing the Partnership's June 2014 and March 2013 notes, the Partnership could make Restricted Payments of $60 million annually so long as no default or event of default has occurred and is continuing; and the Partnership's ability to make additional Restricted Payments was permitted should the Partnership's pro forma Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 5.00 x. 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. On April 13, 2017 , the Partnership finalized the issuance of $500 million aggregate principal amount of 5.375% senior unsecured notes due 2027, in a private placement. Concurrently with this offering, the Partnership amended its existing 2013 Credit Agreement. The amended credit agreement includes a $750 million senior secured term loan facility and a $275 million senior secured revolving credit facility. Refer to Note 13 of the unaudited condensed consolidated financial statements for additional detail.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 26, 2017
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 counterparty credit risk, in particular 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. In the first quarter of 2016, the Partnership amended each of its four interest rate swap agreements to extend each of the maturities by two years to December 31, 2020 and effectively convert $500 million of variable-rate debt to a rate of 2.64% . As a result of the amendments, the previously existing interest rate swap agreements were de-designated, and the amounts recorded in AOCI are being amortized into earnings through the original December 31, 2018 maturity. The amended interest rate swap agreements are not designated as hedging instruments. There were no other changes to the terms of the agreements beyond those disclosed. The fair market value of the Partnership's swap portfolio was recorded within "Derivative Liability" on the unaudited condensed consolidated balance sheets as of March 26, 2017 , December 31, 2016 , and March 27, 2016 as follows: (In thousands) March 26, 2017 December 31, 2016 March 27, 2016 Derivatives not designated as hedging instruments: Interest rate swaps $ (15,658 ) $ (17,721 ) $ (27,855 ) Derivatives Designated as Hedging Instruments Changes in fair value of highly effective hedges are recorded as a component of AOCI in the balance sheet. Any ineffectiveness is recognized immediately in income. Amounts recorded as a component of accumulated other comprehensive income are reclassified into earnings in the same period the forecasted transactions affect earnings. As a result of the first quarter of 2016 amendments, the previously existing interest rate swap agreements were de-designated and the amended interest rate swap agreements are not designated as hedging instruments. As of March 26, 2017 , we have no designated derivatives; therefore, no amount of designated derivatives are forecasted to be reclassified into earnings in the next twelve months. Derivatives Not Designated as Hedging Instruments Instruments that do not qualify for hedge accounting or were de-designated are prospectively adjusted to fair value each reporting period through "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive income. The amounts that were previously recorded as a component of AOCI 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 a result of the first quarter 2016 amendments, the previously existing interest rate swap agreements were de-designated, and the amounts previously recorded in AOCI are being amortized into earnings through the original December 31, 2018 maturity. As of March 26, 2017 , approximately $16.6 million of losses remain in AOCI related to the effective cash flow hedge contracts prior to de-designation, $9.5 million of which will be reclassified to earnings within the next twelve months. The following table summarizes the effect of derivative instruments on income and other comprehensive income for the three-month periods ended March 26, 2017 and March 27, 2016 : (In thousands) Amount of Gain (Loss) Amount and Location of Gain (Loss) Amount and Location of Gain (Loss) Recognized in Income on Derivatives Designated Derivatives Three months ended 3/26/2017 Three months ended 3/27/2016 Designated Derivatives Three months ended 3/26/2017 Three months ended 3/27/2016 Derivatives Not Designated Three months ended 3/26/2017 Three months ended 3/27/2016 Interest rate swaps $ — $ (4,671 ) Interest Expense $ — $ (851 ) Net effect of swaps $ 2,063 $ (265 ) During the quarter ended March 26, 2017 , the Partnership recognized $2.1 million of gains on the derivatives not designated as cash flow hedges and $2.4 million of expense representing the regular amortization of amounts in AOCI. The effect of these amounts resulted in a charge to earnings of $0.3 million recorded in “Net effect of swaps.” During the quarter ended March 27, 2016 , the Partnership recognized $0.3 million of losses on the derivatives not designated as cash flow hedges and $1.6 million of expense representing the amortization of amounts in AOCI. The effect of these amounts resulted in a charge to earnings of $1.8 million recorded in “Net effect of swaps.”

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 26, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements: The FASB's Accounting Standards Codification (ASC) 820 "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, FASB ASC 820 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 March 26, 2017 , December 31, 2016 , and March 27, 2016 on a recurring basis as well as the fair values of other financial instruments: (In thousands) Unaudited Condensed Consolidated Balance Sheet Location Fair Value Hierarchy Level March 26, 2017 December 31, 2016 March 27, 2016 Carrying Value Fair Value Carrying Value Fair Value Carrying Value Fair Value Financial assets (liabilities) measured on a recurring basis: Interest rate swap agreements not designated as cash flow hedges Derivative Liability Level 2 $ (15,658 ) $ (15,658 ) $ (17,721 ) $ (17,721 ) $ (27,855 ) $ (27,855 ) Other financial assets (liabilities): Term debt Long-Term Debt (1) Level 2 $ (598,500 ) $ (601,493 ) $ (600,075 ) $ (603,075 ) $ (604,800 ) $ (604,800 ) March 2013 notes Long-Term Debt (1) Level 1 $ (500,000 ) $ (513,125 ) $ (500,000 ) $ (510,000 ) $ (500,000 ) $ (518,750 ) June 2014 notes Long-Term Debt (1) Level 1 $ (450,000 ) $ (462,375 ) $ (450,000 ) $ (462,375 ) $ (450,000 ) $ (464,625 ) (1) Carrying values of long-term debt balances are before reductions for debt issuance costs of $14.9 million , $15.9 million , and $18.9 million as of March 26, 2017 , December 31, 2016 , and March 27, 2016 , respectively. Fair values of the interest rate swap agreements are determined using significant inputs, including the LIBOR forward curves, which are considered Level 2 observable market inputs. The carrying value of cash and cash equivalents, revolving credit loans, accounts receivable, current portion of term debt, 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 as of March 26, 2017 , December 31, 2016 , or March 27, 2016 .

Earnings per Unit

Earnings per Unit	3 Months Ended
	Mar. 26, 2017
Earnings Per Unit [Abstract]
Earnings Per Unit	Earnings per Unit: Net loss per limited partner unit is calculated based on the following unit amounts: Three months ended 3/26/2017 3/27/2016 (In thousands, except per unit amounts) Basic weighted average units outstanding 56,008 55,877 Diluted weighted average units outstanding 56,008 55,877 Net loss per unit - basic $ (1.16 ) $ (0.87 ) Net loss per unit - diluted $ (1.16 ) $ (0.87 )

Income and Partnership Taxes

Income and Partnership Taxes	3 Months Ended
	Mar. 26, 2017
Income Tax Disclosure [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 is subject to 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 first quarter of 2017, the Partnership has recorded $0.9 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.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income by Component	3 Months Ended
	Mar. 26, 2017
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income by Component	Changes in Accumulated Other Comprehensive Income by Component: The following tables reflect the changes in accumulated other comprehensive income related to limited partners' equity for the three-month periods ended March 26, 2017 and March 27, 2016 : Changes in Accumulated Other Comprehensive Income by Component (1) (In thousands) Gains and Losses on Cash Flow Hedges Foreign Currency Translation Total Balance at December 31, 2016 $ (15,950 ) $ 18,891 $ 2,941 Other comprehensive income before reclassifications — (660 ) (660 ) Amounts reclassified from accumulated other comprehensive income, net of tax ($371) (2) 1,994 — 1,994 Net other comprehensive income 1,994 (660 ) 1,334 Balance at March 26, 2017 $ (13,956 ) $ 18,231 $ 4,275 (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 Translation Total Balance at December 31, 2015 $ (19,300 ) $ 22,591 $ 3,291 Other comprehensive income before reclassifications, net of tax $711 and $2,520, respectively (3,960 ) (4,395 ) (8,355 ) Amounts reclassified from accumulated other comprehensive income, net of tax ($247) (2) 1,329 — 1,329 Net other comprehensive income (2,631 ) (4,395 ) (7,026 ) Balance at March 27, 2016 $ (21,931 ) $ 18,196 $ (3,735 ) (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) 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 (In thousands) Three months ended 3/26/2017 Three months ended 3/27/2016 Interest rate contracts $ 2,365 $ 1,576 Net effect of swaps Provision for taxes (371 ) (247 ) Benefit for taxes Gains and losses on cash flow hedges $ 1,994 $ 1,329 Net of tax (1) Amounts in parentheses indicate gains.

Contingencies

Contingencies	3 Months Ended
	Mar. 26, 2017
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 are expected to have a material effect in the aggregate on the Partnership's financial statements.

Consolidating Financial Informa

Consolidating Financial Information of Guarantors and Issuers	3 Months Ended
	Mar. 26, 2017
Condensed Financial Information of Parent Company Only Disclosure [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 March 26, 2017 , December 31, 2016 , and March 27, 2016 and for the three-month periods ended March 26, 2017 and March 27, 2016 . In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, the Partnership has included the accompanying unaudited condensed consolidating financial statements. CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET March 26, 2017 (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 $ — $ — $ 29,590 $ 4,652 $ — $ 34,242 Receivables — 1,552 61,894 541,622 (576,483 ) 28,585 Inventories — — 2,008 37,310 — 39,318 Other current assets 74 907 3,419 26,350 (1,661 ) 29,089 74 2,459 96,911 609,934 (578,144 ) 131,234 Property and Equipment, net — 835 176,952 1,410,861 — 1,588,648 Investment in Park 711,257 852,264 195,731 294,228 (2,053,480 ) — Goodwill 674 — 59,620 119,605 — 179,899 Other Intangibles, net — — 13,306 24,418 — 37,724 Deferred Tax Asset — 16,616 — — (16,616 ) — Other Assets — 2,000 109 18,665 — 20,774 $ 712,005 $ 874,174 $ 542,629 $ 2,477,711 $ (2,648,240 ) $ 1,958,279 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 897 $ 100 $ 3,353 $ — $ 4,350 Accounts payable 453,329 125,934 2,081 39,854 (576,483 ) 44,715 Deferred revenue — — 7,373 108,759 — 116,132 Accrued interest 864 589 7,729 1,831 — 11,013 Accrued taxes 1,084 — — 9,113 (1,661 ) 8,536 Accrued salaries, wages and benefits — 13,792 635 — — 14,427 Self-insurance reserves — 11,397 1,484 12,952 — 25,833 Other accrued liabilities 2,644 3,907 164 4,904 — 11,619 457,921 156,516 19,566 180,766 (578,144 ) 236,625 Deferred Tax Liability — — 13,273 125,350 (16,616 ) 122,007 Derivative Liability 9,395 6,263 — — — 15,658 Other Liabilities — 1,125 — 11,798 — 12,923 Long-Term Debt: Revolving credit loans — — — 85,000 — 85,000 Term debt — 123,347 13,576 456,274 — 593,197 Notes 292,241 203,256 444,924 — — 940,421 292,241 326,603 458,500 541,274 — 1,618,618 Equity (47,552 ) 383,667 51,290 1,618,523 (2,053,480 ) (47,552 ) $ 712,005 $ 874,174 $ 542,629 $ 2,477,711 $ (2,648,240 ) $ 1,958,279 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 (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 $ — $ — $ 65,563 $ 58,178 $ (1,025 ) $ 122,716 Receivables — 1,409 28,019 576,975 (570,989 ) 35,414 Inventories — — 1,371 24,905 — 26,276 Other current assets 173 796 2,229 9,833 (1,761 ) 11,270 173 2,205 97,182 669,891 (573,775 ) 195,676 Property and Equipment, net — 844 175,358 1,363,018 — 1,539,220 Investment in Park 798,076 937,626 200,075 324,282 (2,260,059 ) — Goodwill 674 — 59,381 119,605 — 179,660 Other Intangibles, net — — 13,255 24,582 — 37,837 Deferred Tax Asset — 33,303 — — (33,303 ) — Other Assets — 2,000 108 18,680 — 20,788 $ 798,923 $ 975,978 $ 545,359 $ 2,520,058 $ (2,867,137 ) $ 1,973,181 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 572 $ 64 $ 2,139 $ — 2,775 Accounts payable 428,396 145,258 740 18,471 (572,014 ) 20,851 Deferred revenue — — 5,601 77,164 — 82,765 Accrued interest 4,613 3,207 2,057 109 — 9,986 Accrued taxes 405 18,653 — 41,661 (1,761 ) 58,958 Accrued salaries, wages and benefits — 29,227 1,131 — — 30,358 Self-insurance reserves — 12,490 1,321 13,252 27,063 Other accrued liabilities 2,282 3,018 193 4,434 — 9,927 435,696 212,425 11,107 157,230 (573,775 ) 242,683 Deferred Tax Liability — — 12,838 125,350 (33,303 ) 104,885 Derivative Liability 10,633 7,088 — — — 17,721 Other Liabilities — 1,236 — 11,926 — 13,162 Long-Term Debt: Term debt — 123,672 13,598 456,958 — 594,228 Notes 292,075 203,140 444,768 — — 939,983 292,075 326,812 458,366 456,958 — 1,534,211 Equity 60,519 428,417 63,048 1,768,594 (2,260,059 ) 60,519 $ 798,923 $ 975,978 $ 545,359 $ 2,520,058 $ (2,867,137 ) $ 1,973,181 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET March 27, 2016 (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 $ — $ — $ 38,251 $ 28,203 $ (1,903 ) $ 64,551 Receivables 18 2,192 20,709 488,005 (477,010 ) 33,914 Inventories — 131 1,920 36,404 — 38,455 Other current assets 77 26,642 2,097 25,153 (26,051 ) 27,918 95 28,965 62,977 577,765 (504,964 ) 164,838 Property and Equipment, net — 5,584 186,379 1,378,191 — 1,570,154 Investment in Park 699,382 904,557 176,055 24,194 (1,804,188 ) — Goodwill 674 — 94,428 119,606 — 214,708 Other Intangibles, net — — 13,384 23,271 — 36,655 Deferred Tax Asset — 2,920 — — (2,920 ) — Other Assets — 14,413 219 2,773 — 17,405 $ 700,151 $ 956,439 $ 533,442 $ 2,125,800 $ (2,312,072 ) $ 2,003,760 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 1,649 $ 93 $ 2,308 $ — $ 4,050 Accounts payable 317,035 161,288 1,839 32,189 (478,259 ) 34,092 Deferred revenue — 139 6,313 98,804 — 105,256 Accrued interest 1,290 1,303 7,853 914 — 11,360 Accrued taxes 1,935 — 1,810 32,869 (26,051 ) 10,563 Accrued salaries, wages and benefits — 21,805 636 — — 22,441 Self-insurance reserves — 11,417 1,426 11,409 — 24,252 Distribution payable 46,968 — — — (654 ) 46,314 Other accrued liabilities 1,438 1,125 190 4,443 — 7,196 368,666 198,726 20,160 182,936 (504,964 ) 265,524 Deferred Tax Liability — — 20,003 121,865 (2,920 ) 138,948 Derivative Liability 16,713 11,142 — — — 27,855 Other Liabilities — 1,232 — 11,156 — 12,388 Long-Term Debt: Revolving credit loans 65,000 — — — — 65,000 Term debt — 243,628 13,660 340,021 — 597,309 Notes 291,578 202,794 444,170 — — 938,542 356,578 446,422 457,830 340,021 — 1,600,851 Equity (41,806 ) 298,917 35,449 1,469,822 (1,804,188 ) (41,806 ) $ 700,151 $ 956,439 $ 533,442 $ 2,125,800 $ (2,312,072 ) $ 2,003,760 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 26, 2017 (In thousands) Cedar Fair L.P. (Parent) Co-Issuer Subsidiary (Magnum) Co-Issuer Subsidiary (Cedar Canada) Guarantor Subsidiaries Eliminations Total Net revenues $ (6,138 ) $ (291 ) $ 353 $ 45,296 $ 9,098 $ 48,318 Costs and expenses: Cost of food, merchandise, and games revenues — — — 5,480 — 5,480 Operating expenses — 40,592 5,304 29,295 9,098 84,289 Selling, general and administrative 894 14,495 746 11,484 — 27,619 Depreciation and amortization — 8 2 5,355 — 5,365 Loss on impairment / retirement of fixed assets, net — — 445 1,081 — 1,526 894 55,095 6,497 52,695 9,098 124,279 Operating loss (7,032 ) (55,386 ) (6,144 ) (7,399 ) — (75,961 ) Interest expense (income), net 8,169 5,308 5,905 (500 ) — 18,882 Net effect of swaps 150 151 — — — 301 Gain on foreign currency — — (2,671 ) — — (2,671 ) Other (income) expense 62 (15,264 ) 657 14,545 — — Income from investment in affiliates 48,666 20,604 4,344 11,097 (84,711 ) — Loss before taxes (64,079 ) (66,185 ) (14,379 ) (32,541 ) 84,711 (92,473 ) Provision (benefit) for taxes 675 (17,519 ) (3,276 ) (7,599 ) — (27,719 ) Net loss $ (64,754 ) $ (48,666 ) $ (11,103 ) $ (24,942 ) $ 84,711 $ (64,754 ) Other comprehensive income (loss), (net of tax): Foreign currency translation adjustment (660 ) — (660 ) — 660 (660 ) Unrealized gain on cash flow hedging derivatives 1,994 605 — — (605 ) 1,994 Other comprehensive income (loss), (net of tax) 1,334 605 (660 ) — 55 1,334 Total comprehensive loss $ (63,420 ) $ (48,061 ) $ (11,763 ) $ (24,942 ) $ 84,766 $ (63,420 ) CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 27, 2016 (In thousands) Cedar Fair L.P. (Parent) Co-Issuer Subsidiary (Magnum) Co-Issuer Subsidiary (Cedar Canada) Guarantor Subsidiaries Eliminations Total Net revenues $ (2,500 ) $ 7,841 $ 119 $ 58,317 $ (5,339 ) $ 58,438 Costs and expenses: Cost of food, merchandise, and games revenues — — (2 ) 6,239 — 6,237 Operating expenses 10 39,978 5,277 44,678 (5,339 ) 84,604 Selling, general and administrative 894 13,186 763 10,769 — 25,612 Depreciation and amortization — 9 — 5,182 — 5,191 Loss on impairment / retirement of fixed assets, net — — 21 2,591 — 2,612 904 53,173 6,059 69,459 (5,339 ) 124,256 Operating loss (3,404 ) (45,332 ) (5,940 ) (11,142 ) — (65,818 ) Interest expense (income), net 8,038 6,445 6,036 (750 ) — 19,769 Net effect of swaps 1,442 400 — — — 1,842 Gain on foreign currency — — (19,561 ) — — (19,561 ) Other (income) expense 62 (19,371 ) 874 18,435 — — Income (loss) from investment in affiliates 34,681 14,144 3,475 (725 ) (51,575 ) — Income (loss) before taxes (47,627 ) (46,950 ) 3,236 (28,102 ) 51,575 (67,868 ) Provision (benefit) for taxes 859 (12,270 ) 2,510 (10,481 ) — (19,382 ) Net income (loss) $ (48,486 ) $ (34,680 ) $ 726 $ (17,621 ) $ 51,575 $ (48,486 ) Other comprehensive income (loss), (net of tax): Foreign currency translation adjustment (4,395 ) — (4,395 ) — 4,395 (4,395 ) Unrealized loss on cash flow hedging derivatives (2,631 ) (756 ) — — 756 (2,631 ) Other comprehensive income (loss), (net of tax) (7,026 ) (756 ) (4,395 ) — 5,151 (7,026 ) Total comprehensive loss $ (55,512 ) $ (35,436 ) $ (3,669 ) $ (17,621 ) $ 56,726 $ (55,512 ) CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 26, 2017 (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 $ 23,702 $ 56,496 $ (35,208 ) $ (119,483 ) $ 509 $ (73,984 ) CASH FLOWS FOR INVESTING ACTIVITIES Intercompany receivables (payments) receipts — — — 28,274 (28,274 ) — Purchase of identifiable intangible assets — — — (10 ) — (10 ) Capital expenditures — — (1,148 ) (47,307 ) — (48,455 ) Net cash for investing activities — — (1,148 ) (19,043 ) (28,274 ) (48,465 ) CASH FLOWS FROM (FOR) FINANCING ACTIVITIES Borrowings on revolving credit loans — — — 85,000 — 85,000 Distributions paid to partners (48,651 ) — — — 516 (48,135 ) Intercompany payables (payments) receipts 24,949 (53,223 ) — — 28,274 — Tax effect of units involved in treasury unit transactions — (1,369 ) — — — (1,369 ) Payments related to tax withholding for equity compensation — (1,904 ) — — — (1,904 ) Net cash from (for) financing activities (23,702 ) (56,496 ) — 85,000 28,790 33,592 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — 383 — — 383 CASH AND CASH EQUIVALENTS Net decrease for the period — — (35,973 ) (53,526 ) 1,025 (88,474 ) Balance, beginning of period — — 65,563 58,178 (1,025 ) 122,716 Balance, end of period $ — $ — $ 29,590 $ 4,652 $ — $ 34,242 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 27, 2016 (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 $ (25,319 ) $ (51,142 ) $ (214 ) $ 11,645 $ (1,903 ) $ (66,933 ) CASH FLOWS FROM (FOR) INVESTING ACTIVITIES Intercompany receivables (payments) receipts — — — 63,088 (63,088 ) — Capital expenditures — — (2,247 ) (49,974 ) — (52,221 ) Net cash from (for) investing activities — — (2,247 ) 13,114 (63,088 ) (52,221 ) CASH FLOWS FROM (FOR) FINANCING ACTIVITIES Borrowings on revolving credit loans 65,000 — — — — 65,000 Intercompany payables (payments) receipts (116,688 ) 53,600 — — 63,088 — Tax effect of units involved in treasury unit transactions — (1,549 ) — — — (1,549 ) Payments related to tax withholding for equity compensation — (909 ) — — — (909 ) Net cash from (for) financing activities (51,688 ) 51,142 — — 63,088 62,542 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — 1,606 — — 1,606 CASH AND CASH EQUIVALENTS Net increase (decrease) for the period (77,007 ) — (855 ) 24,759 (1,903 ) (55,006 ) Balance, beginning of period 77,007 — 39,106 3,444 — 119,557 Balance, end of period $ — $ — $ 38,251 $ 28,203 $ (1,903 ) $ 64,551

Subsequent Event (Notes)

Subsequent Event (Notes)	3 Months Ended
	Mar. 26, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events: On April 13, 2017 , the Partnership finalized the issuance of $500 million aggregate principal amount of 5.375% senior unsecured notes due 2027 , in a private placement ("April 2017 notes"). Concurrently with this offering, the Partnership amended its existing 2013 Credit Agreement. The amended credit agreement ("2017 Credit Agreement") includes a $750 million seven -year senior secured term loan facility and a $275 million five -year senior secured revolving credit facility. The net proceeds from the offering of the notes, along with the proceeds from the 2017 Credit Agreement, were used to redeem all of the Partnership's 5.25% senior unsecured notes due 2021 (the March 2013 notes) and pay accrued interest and transaction fees and expenses, to repay in full all amounts outstanding under its existing credit facilities and for general corporate purposes. Terms of the 2017 Credit Agreement include an increase to the existing $255 million senior secured revolving credit facility to $275 million . Under the 2017 Credit Agreement, the Canadian revolving credit facility continues to have a sub-limit of $15 million . Borrowings under the new senior secured revolving credit facility bear interest at London Interbank Offered Rate ("LIBOR") or Canadian Dollar Offered Rate ("CDOR") plus 200 bps. The revolving credit facility, which matures in April 2022 , also provides the issuance of documentary and standby letters of credit. The 2017 Credit Agreement requires that we pay a commitment fee of 38 bps per annum on the unused portion of the credit facilities. The U.S. term loan, which amortizes at 0.25% quarterly, or $7.5 million per year, is scheduled to mature in April 2024 and bears interest at a rate of LIBOR plus 225 bps. The $500 million senior unsecured notes will pay interest semi-annually in April and October, with the principal due in full on April 15, 2027 . The notes may be redeemed, in whole or in part, at any time prior to April 15, 2022 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 April 15, 2020 , up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 105.375% of the principal amount thereof, together with accrued and unpaid interest and additional interest, if any. The redemption of the March 2013 notes and repayments of the amounts outstanding under the existing credit facilities resulted in the write-off of debt issuance costs of $7.6 million and debt premium payments of $15.5 million . Accordingly, the Partnership will record a loss on debt extinguishment of approximately $23.1 million in the second quarter of 2017.

Significant Accounting and Re22

Significant Accounting and Reporting Policies (Policies)	3 Months Ended
	Mar. 26, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements	Adopted Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). The amendments in ASU 2016-09 are meant to simplify the current accounting for share-based payment transactions, specifically the accounting for income taxes, award classification, cash flow presentation, and accounting for forfeitures. ASU 2016-09 is effective for annual and interim periods beginning after December 15, 2016. The Partnership adopted this guidance in the first quarter of 2017. The impact of the guidance included: (1) prospective recognition of excess tax benefits and tax deficiencies as income tax expense (as opposed to the previous recognition in additional paid-in-capital), approximately $0.7 million of excess tax benefits were recognized in benefit for taxes for the three months ended March 26, 2017 ; (2) prospective exclusion of future excess tax benefits and deficiencies in the calculation of diluted shares, which had no impact on the net loss per limited partner unit for the three months ending March 26, 2017 ; (3) prospective classification of excess tax benefits as an operating activity within the statement of cash flows (as opposed to the previous classification as a financing activity), approximately $0.7 million of excess tax benefits were classified as an operating activity for the three months ended March 26, 2017 ; (4) the formal accounting policy election to recognize forfeitures as they occur (as opposed to estimating a forfeiture accrual), which did not have a material impact on the Partnership's financial statements; (5) retrospective classification of employee taxes paid when an employer withholds shares for tax withholding purposes as a financing activity within the statement of cash flows (as opposed to the previous classification as an operating activity), approximately $0.9 million was reclassified for the three months ended March 27, 2016 . New Accounting Pronouncements 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 after December 15, 2017 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 currently expects to adopt this standard in the first quarter of 2018. The Partnership anticipates the primary impact of the adoption on the consolidated financial statements will be the additional required disclosures around revenue recognition in the notes to the consolidated financial statements. The Partnership does not anticipate adoption of the standard to have a material effect on the consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases ("ASU 2016-02"). The amendments in ASU 2016-02 provide that most leases will now be recorded on the balance sheet. ASU 2016-02 is effective for annual and interim periods beginning after December 15, 2018 and will replace most existing lease guidance under U.S. GAAP when it becomes effective. This ASU requires a modified transition method for existing leases and applies to the earliest period presented in the financial statements. The Partnership is in the process of evaluating the effect this standard will have on the consolidated financial statements and related disclosures. In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Simplifying the Test for Goodwill Impairment ("ASU 2017-04"). The amendments in ASU 2017-04 eliminates step two from the goodwill impairment test. Instead, an entity should recognize an impairment charge for the amount by which a reporting unit's carrying amount exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 is effective for annual and any interim impairment tests for periods beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for annual and any interim impairment tests occurring after January 1, 2017. The Partnership expects to adopt the standard for its 2017 annual impairment test and does not anticipate the adoption of the standard to have a material effect on the consolidated financial statements.

Goodwill and Other Intangible23

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 26, 2017
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 three months ended March 26, 2017 and March 27, 2016 is as follows: (In thousands) Goodwill (gross) Accumulated Impairment Losses Goodwill (net) Balance at December 31, 2016 $ 259,528 $ (79,868 ) $ 179,660 Foreign currency translation 239 — 239 Balance at March 26, 2017 $ 259,767 $ (79,868 ) $ 179,899 Balance at December 31, 2015 $ 290,679 $ (79,868 ) $ 210,811 Foreign currency translation 3,897 — 3,897 Balance at March 27, 2016 $ 294,576 $ (79,868 ) $ 214,708
Partnership's other intangible assets	As of March 26, 2017 , December 31, 2016 , and March 27, 2016 , the Partnership’s other intangible assets consisted of the following: (In thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Value March 26, 2017 Other intangible assets: Trade names $ 35,656 $ — $ 35,656 License / franchise agreements 3,301 (1,233 ) 2,068 Total other intangible assets $ 38,957 $ (1,233 ) $ 37,724 December 31, 2016 Other intangible assets: Trade names $ 35,603 $ — $ 35,603 License / franchise agreements 3,326 (1,092 ) 2,234 Total other intangible assets $ 38,929 $ (1,092 ) $ 37,837 March 27, 2016 Other intangible assets: Trade names $ 35,760 $ — $ 35,760 License / franchise agreements 1,444 (549 ) 895 Total other intangible assets $ 37,204 $ (549 ) $ 36,655

Long-Term Debt Long term debt t

Long-Term Debt Long term debt table (Tables)	3 Months Ended
	Mar. 26, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt as of March 26, 2017 , December 31, 2016 , and March 27, 2016 consisted of the following: (In thousands) March 26, 2017 December 31, 2016 March 27, 2016 Revolving credit facility (due 2018) $ 85,000 $ — $ 65,000 Term debt (1) March 2013 U.S. term loan averaging 3.25% (due 2013-2020) 602,850 602,850 608,850 Notes June 2014 U.S. fixed rate notes at 5.375% (due 2024) 450,000 450,000 450,000 March 2013 U.S. fixed rate notes at 5.25% (due 2021) 500,000 500,000 500,000 1,637,850 1,552,850 1,623,850 Less current portion (4,350 ) (2,775 ) (4,050 ) 1,633,500 1,550,075 1,619,800 Less debt issuance costs (14,882 ) (15,864 ) (18,949 ) $ 1,618,618 $ 1,534,211 $ 1,600,851 (1) The average interest rate does not reflect the effect of interest rate swap agreements (see Note 6).

Derivative Financial Instrume25

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 26, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative instruments in Condensed Consolidated Balance Sheet	The fair market value of the Partnership's swap portfolio was recorded within "Derivative Liability" on the unaudited condensed consolidated balance sheets as of March 26, 2017 , December 31, 2016 , and March 27, 2016 as follows: (In thousands) March 26, 2017 December 31, 2016 March 27, 2016 Derivatives not designated as hedging instruments: Interest rate swaps $ (15,658 ) $ (17,721 ) $ (27,855 )
Effects of derivative instruments on income (loss) and other comprehensive income (loss)	The following table summarizes the effect of derivative instruments on income and other comprehensive income for the three-month periods ended March 26, 2017 and March 27, 2016 : (In thousands) Amount of Gain (Loss) Amount and Location of Gain (Loss) Amount and Location of Gain (Loss) Recognized in Income on Derivatives Designated Derivatives Three months ended 3/26/2017 Three months ended 3/27/2016 Designated Derivatives Three months ended 3/26/2017 Three months ended 3/27/2016 Derivatives Not Designated Three months ended 3/26/2017 Three months ended 3/27/2016 Interest rate swaps $ — $ (4,671 ) Interest Expense $ — $ (851 ) Net effect of swaps $ 2,063 $ (265 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 26, 2017
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 March 26, 2017 , December 31, 2016 , and March 27, 2016 on a recurring basis as well as the fair values of other financial instruments: (In thousands) Unaudited Condensed Consolidated Balance Sheet Location Fair Value Hierarchy Level March 26, 2017 December 31, 2016 March 27, 2016 Carrying Value Fair Value Carrying Value Fair Value Carrying Value Fair Value Financial assets (liabilities) measured on a recurring basis: Interest rate swap agreements not designated as cash flow hedges Derivative Liability Level 2 $ (15,658 ) $ (15,658 ) $ (17,721 ) $ (17,721 ) $ (27,855 ) $ (27,855 ) Other financial assets (liabilities): Term debt Long-Term Debt (1) Level 2 $ (598,500 ) $ (601,493 ) $ (600,075 ) $ (603,075 ) $ (604,800 ) $ (604,800 ) March 2013 notes Long-Term Debt (1) Level 1 $ (500,000 ) $ (513,125 ) $ (500,000 ) $ (510,000 ) $ (500,000 ) $ (518,750 ) June 2014 notes Long-Term Debt (1) Level 1 $ (450,000 ) $ (462,375 ) $ (450,000 ) $ (462,375 ) $ (450,000 ) $ (464,625 ) (1) Carrying values of long-term debt balances are before reductions for debt issuance costs of $14.9 million , $15.9 million , and $18.9 million as of March 26, 2017 , December 31, 2016 , and March 27, 2016 , respectively.

Earnings per Unit (Tables)

Earnings per Unit (Tables)	3 Months Ended
	Mar. 26, 2017
Earnings Per Unit [Abstract]
Net income (loss) per limited partner unit	Net loss per limited partner unit is calculated based on the following unit amounts: Three months ended 3/26/2017 3/27/2016 (In thousands, except per unit amounts) Basic weighted average units outstanding 56,008 55,877 Diluted weighted average units outstanding 56,008 55,877 Net loss per unit - basic $ (1.16 ) $ (0.87 ) Net loss per unit - diluted $ (1.16 ) $ (0.87 )

Changes in Accumulated Other 28

Changes in Accumulated Other Comprehensive Income by Component (Tables)	3 Months Ended
	Mar. 26, 2017
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables reflect the changes in accumulated other comprehensive income related to limited partners' equity for the three-month periods ended March 26, 2017 and March 27, 2016 : Changes in Accumulated Other Comprehensive Income by Component (1) (In thousands) Gains and Losses on Cash Flow Hedges Foreign Currency Translation Total Balance at December 31, 2016 $ (15,950 ) $ 18,891 $ 2,941 Other comprehensive income before reclassifications — (660 ) (660 ) Amounts reclassified from accumulated other comprehensive income, net of tax ($371) (2) 1,994 — 1,994 Net other comprehensive income 1,994 (660 ) 1,334 Balance at March 26, 2017 $ (13,956 ) $ 18,231 $ 4,275 (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 Translation Total Balance at December 31, 2015 $ (19,300 ) $ 22,591 $ 3,291 Other comprehensive income before reclassifications, net of tax $711 and $2,520, respectively (3,960 ) (4,395 ) (8,355 ) Amounts reclassified from accumulated other comprehensive income, net of tax ($247) (2) 1,329 — 1,329 Net other comprehensive income (2,631 ) (4,395 ) (7,026 ) Balance at March 27, 2016 $ (21,931 ) $ 18,196 $ (3,735 ) (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.
Reclassification out of accumulated other comprehensive income	Reclassifications Out of Accumulated Other Comprehensive Income (1) 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 (In thousands) Three months ended 3/26/2017 Three months ended 3/27/2016 Interest rate contracts $ 2,365 $ 1,576 Net effect of swaps Provision for taxes (371 ) (247 ) Benefit for taxes Gains and losses on cash flow hedges $ 1,994 $ 1,329 Net of tax (1) Amounts in parentheses indicate gains.

Consolidating Financial Infor29

Consolidating Financial Information of Guarantors and Issuers (Tables)	3 Months Ended
	Mar. 26, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET March 26, 2017 (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 $ — $ — $ 29,590 $ 4,652 $ — $ 34,242 Receivables — 1,552 61,894 541,622 (576,483 ) 28,585 Inventories — — 2,008 37,310 — 39,318 Other current assets 74 907 3,419 26,350 (1,661 ) 29,089 74 2,459 96,911 609,934 (578,144 ) 131,234 Property and Equipment, net — 835 176,952 1,410,861 — 1,588,648 Investment in Park 711,257 852,264 195,731 294,228 (2,053,480 ) — Goodwill 674 — 59,620 119,605 — 179,899 Other Intangibles, net — — 13,306 24,418 — 37,724 Deferred Tax Asset — 16,616 — — (16,616 ) — Other Assets — 2,000 109 18,665 — 20,774 $ 712,005 $ 874,174 $ 542,629 $ 2,477,711 $ (2,648,240 ) $ 1,958,279 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 897 $ 100 $ 3,353 $ — $ 4,350 Accounts payable 453,329 125,934 2,081 39,854 (576,483 ) 44,715 Deferred revenue — — 7,373 108,759 — 116,132 Accrued interest 864 589 7,729 1,831 — 11,013 Accrued taxes 1,084 — — 9,113 (1,661 ) 8,536 Accrued salaries, wages and benefits — 13,792 635 — — 14,427 Self-insurance reserves — 11,397 1,484 12,952 — 25,833 Other accrued liabilities 2,644 3,907 164 4,904 — 11,619 457,921 156,516 19,566 180,766 (578,144 ) 236,625 Deferred Tax Liability — — 13,273 125,350 (16,616 ) 122,007 Derivative Liability 9,395 6,263 — — — 15,658 Other Liabilities — 1,125 — 11,798 — 12,923 Long-Term Debt: Revolving credit loans — — — 85,000 — 85,000 Term debt — 123,347 13,576 456,274 — 593,197 Notes 292,241 203,256 444,924 — — 940,421 292,241 326,603 458,500 541,274 — 1,618,618 Equity (47,552 ) 383,667 51,290 1,618,523 (2,053,480 ) (47,552 ) $ 712,005 $ 874,174 $ 542,629 $ 2,477,711 $ (2,648,240 ) $ 1,958,279 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016 (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 $ — $ — $ 65,563 $ 58,178 $ (1,025 ) $ 122,716 Receivables — 1,409 28,019 576,975 (570,989 ) 35,414 Inventories — — 1,371 24,905 — 26,276 Other current assets 173 796 2,229 9,833 (1,761 ) 11,270 173 2,205 97,182 669,891 (573,775 ) 195,676 Property and Equipment, net — 844 175,358 1,363,018 — 1,539,220 Investment in Park 798,076 937,626 200,075 324,282 (2,260,059 ) — Goodwill 674 — 59,381 119,605 — 179,660 Other Intangibles, net — — 13,255 24,582 — 37,837 Deferred Tax Asset — 33,303 — — (33,303 ) — Other Assets — 2,000 108 18,680 — 20,788 $ 798,923 $ 975,978 $ 545,359 $ 2,520,058 $ (2,867,137 ) $ 1,973,181 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 572 $ 64 $ 2,139 $ — 2,775 Accounts payable 428,396 145,258 740 18,471 (572,014 ) 20,851 Deferred revenue — — 5,601 77,164 — 82,765 Accrued interest 4,613 3,207 2,057 109 — 9,986 Accrued taxes 405 18,653 — 41,661 (1,761 ) 58,958 Accrued salaries, wages and benefits — 29,227 1,131 — — 30,358 Self-insurance reserves — 12,490 1,321 13,252 27,063 Other accrued liabilities 2,282 3,018 193 4,434 — 9,927 435,696 212,425 11,107 157,230 (573,775 ) 242,683 Deferred Tax Liability — — 12,838 125,350 (33,303 ) 104,885 Derivative Liability 10,633 7,088 — — — 17,721 Other Liabilities — 1,236 — 11,926 — 13,162 Long-Term Debt: Term debt — 123,672 13,598 456,958 — 594,228 Notes 292,075 203,140 444,768 — — 939,983 292,075 326,812 458,366 456,958 — 1,534,211 Equity 60,519 428,417 63,048 1,768,594 (2,260,059 ) 60,519 $ 798,923 $ 975,978 $ 545,359 $ 2,520,058 $ (2,867,137 ) $ 1,973,181 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING BALANCE SHEET March 27, 2016 (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 $ — $ — $ 38,251 $ 28,203 $ (1,903 ) $ 64,551 Receivables 18 2,192 20,709 488,005 (477,010 ) 33,914 Inventories — 131 1,920 36,404 — 38,455 Other current assets 77 26,642 2,097 25,153 (26,051 ) 27,918 95 28,965 62,977 577,765 (504,964 ) 164,838 Property and Equipment, net — 5,584 186,379 1,378,191 — 1,570,154 Investment in Park 699,382 904,557 176,055 24,194 (1,804,188 ) — Goodwill 674 — 94,428 119,606 — 214,708 Other Intangibles, net — — 13,384 23,271 — 36,655 Deferred Tax Asset — 2,920 — — (2,920 ) — Other Assets — 14,413 219 2,773 — 17,405 $ 700,151 $ 956,439 $ 533,442 $ 2,125,800 $ (2,312,072 ) $ 2,003,760 LIABILITIES AND PARTNERS’ EQUITY Current Liabilities: Current maturities of long-term debt $ — $ 1,649 $ 93 $ 2,308 $ — $ 4,050 Accounts payable 317,035 161,288 1,839 32,189 (478,259 ) 34,092 Deferred revenue — 139 6,313 98,804 — 105,256 Accrued interest 1,290 1,303 7,853 914 — 11,360 Accrued taxes 1,935 — 1,810 32,869 (26,051 ) 10,563 Accrued salaries, wages and benefits — 21,805 636 — — 22,441 Self-insurance reserves — 11,417 1,426 11,409 — 24,252 Distribution payable 46,968 — — — (654 ) 46,314 Other accrued liabilities 1,438 1,125 190 4,443 — 7,196 368,666 198,726 20,160 182,936 (504,964 ) 265,524 Deferred Tax Liability — — 20,003 121,865 (2,920 ) 138,948 Derivative Liability 16,713 11,142 — — — 27,855 Other Liabilities — 1,232 — 11,156 — 12,388 Long-Term Debt: Revolving credit loans 65,000 — — — — 65,000 Term debt — 243,628 13,660 340,021 — 597,309 Notes 291,578 202,794 444,170 — — 938,542 356,578 446,422 457,830 340,021 — 1,600,851 Equity (41,806 ) 298,917 35,449 1,469,822 (1,804,188 ) (41,806 ) $ 700,151 $ 956,439 $ 533,442 $ 2,125,800 $ (2,312,072 ) $ 2,003,760
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 March 26, 2017 (In thousands) Cedar Fair L.P. (Parent) Co-Issuer Subsidiary (Magnum) Co-Issuer Subsidiary (Cedar Canada) Guarantor Subsidiaries Eliminations Total Net revenues $ (6,138 ) $ (291 ) $ 353 $ 45,296 $ 9,098 $ 48,318 Costs and expenses: Cost of food, merchandise, and games revenues — — — 5,480 — 5,480 Operating expenses — 40,592 5,304 29,295 9,098 84,289 Selling, general and administrative 894 14,495 746 11,484 — 27,619 Depreciation and amortization — 8 2 5,355 — 5,365 Loss on impairment / retirement of fixed assets, net — — 445 1,081 — 1,526 894 55,095 6,497 52,695 9,098 124,279 Operating loss (7,032 ) (55,386 ) (6,144 ) (7,399 ) — (75,961 ) Interest expense (income), net 8,169 5,308 5,905 (500 ) — 18,882 Net effect of swaps 150 151 — — — 301 Gain on foreign currency — — (2,671 ) — — (2,671 ) Other (income) expense 62 (15,264 ) 657 14,545 — — Income from investment in affiliates 48,666 20,604 4,344 11,097 (84,711 ) — Loss before taxes (64,079 ) (66,185 ) (14,379 ) (32,541 ) 84,711 (92,473 ) Provision (benefit) for taxes 675 (17,519 ) (3,276 ) (7,599 ) — (27,719 ) Net loss $ (64,754 ) $ (48,666 ) $ (11,103 ) $ (24,942 ) $ 84,711 $ (64,754 ) Other comprehensive income (loss), (net of tax): Foreign currency translation adjustment (660 ) — (660 ) — 660 (660 ) Unrealized gain on cash flow hedging derivatives 1,994 605 — — (605 ) 1,994 Other comprehensive income (loss), (net of tax) 1,334 605 (660 ) — 55 1,334 Total comprehensive loss $ (63,420 ) $ (48,061 ) $ (11,763 ) $ (24,942 ) $ 84,766 $ (63,420 ) CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 27, 2016 (In thousands) Cedar Fair L.P. (Parent) Co-Issuer Subsidiary (Magnum) Co-Issuer Subsidiary (Cedar Canada) Guarantor Subsidiaries Eliminations Total Net revenues $ (2,500 ) $ 7,841 $ 119 $ 58,317 $ (5,339 ) $ 58,438 Costs and expenses: Cost of food, merchandise, and games revenues — — (2 ) 6,239 — 6,237 Operating expenses 10 39,978 5,277 44,678 (5,339 ) 84,604 Selling, general and administrative 894 13,186 763 10,769 — 25,612 Depreciation and amortization — 9 — 5,182 — 5,191 Loss on impairment / retirement of fixed assets, net — — 21 2,591 — 2,612 904 53,173 6,059 69,459 (5,339 ) 124,256 Operating loss (3,404 ) (45,332 ) (5,940 ) (11,142 ) — (65,818 ) Interest expense (income), net 8,038 6,445 6,036 (750 ) — 19,769 Net effect of swaps 1,442 400 — — — 1,842 Gain on foreign currency — — (19,561 ) — — (19,561 ) Other (income) expense 62 (19,371 ) 874 18,435 — — Income (loss) from investment in affiliates 34,681 14,144 3,475 (725 ) (51,575 ) — Income (loss) before taxes (47,627 ) (46,950 ) 3,236 (28,102 ) 51,575 (67,868 ) Provision (benefit) for taxes 859 (12,270 ) 2,510 (10,481 ) — (19,382 ) Net income (loss) $ (48,486 ) $ (34,680 ) $ 726 $ (17,621 ) $ 51,575 $ (48,486 ) Other comprehensive income (loss), (net of tax): Foreign currency translation adjustment (4,395 ) — (4,395 ) — 4,395 (4,395 ) Unrealized loss on cash flow hedging derivatives (2,631 ) (756 ) — — 756 (2,631 ) Other comprehensive income (loss), (net of tax) (7,026 ) (756 ) (4,395 ) — 5,151 (7,026 ) Total comprehensive loss $ (55,512 ) $ (35,436 ) $ (3,669 ) $ (17,621 ) $ 56,726 $ (55,512 )
Condensed Consolidating Statement of Cash Flows	CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 26, 2017 (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 $ 23,702 $ 56,496 $ (35,208 ) $ (119,483 ) $ 509 $ (73,984 ) CASH FLOWS FOR INVESTING ACTIVITIES Intercompany receivables (payments) receipts — — — 28,274 (28,274 ) — Purchase of identifiable intangible assets — — — (10 ) — (10 ) Capital expenditures — — (1,148 ) (47,307 ) — (48,455 ) Net cash for investing activities — — (1,148 ) (19,043 ) (28,274 ) (48,465 ) CASH FLOWS FROM (FOR) FINANCING ACTIVITIES Borrowings on revolving credit loans — — — 85,000 — 85,000 Distributions paid to partners (48,651 ) — — — 516 (48,135 ) Intercompany payables (payments) receipts 24,949 (53,223 ) — — 28,274 — Tax effect of units involved in treasury unit transactions — (1,369 ) — — — (1,369 ) Payments related to tax withholding for equity compensation — (1,904 ) — — — (1,904 ) Net cash from (for) financing activities (23,702 ) (56,496 ) — 85,000 28,790 33,592 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — 383 — — 383 CASH AND CASH EQUIVALENTS Net decrease for the period — — (35,973 ) (53,526 ) 1,025 (88,474 ) Balance, beginning of period — — 65,563 58,178 (1,025 ) 122,716 Balance, end of period $ — $ — $ 29,590 $ 4,652 $ — $ 34,242 CEDAR FAIR, L.P. UNAUDITED CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 27, 2016 (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 $ (25,319 ) $ (51,142 ) $ (214 ) $ 11,645 $ (1,903 ) $ (66,933 ) CASH FLOWS FROM (FOR) INVESTING ACTIVITIES Intercompany receivables (payments) receipts — — — 63,088 (63,088 ) — Capital expenditures — — (2,247 ) (49,974 ) — (52,221 ) Net cash from (for) investing activities — — (2,247 ) 13,114 (63,088 ) (52,221 ) CASH FLOWS FROM (FOR) FINANCING ACTIVITIES Borrowings on revolving credit loans 65,000 — — — — 65,000 Intercompany payables (payments) receipts (116,688 ) 53,600 — — 63,088 — Tax effect of units involved in treasury unit transactions — (1,549 ) — — — (1,549 ) Payments related to tax withholding for equity compensation — (909 ) — — — (909 ) Net cash from (for) financing activities (51,688 ) 51,142 — — 63,088 62,542 EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS — — 1,606 — — 1,606 CASH AND CASH EQUIVALENTS Net increase (decrease) for the period (77,007 ) — (855 ) 24,759 (1,903 ) (55,006 ) Balance, beginning of period 77,007 — 39,106 3,444 — 119,557 Balance, end of period $ — $ — $ 38,251 $ 28,203 $ (1,903 ) $ 64,551

Significant Accounting and Re30

Significant Accounting and Reporting Policies New Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 700
Net cash from financing activities	33,592	$ 62,542
Net cash for operating activities	$ (73,984)	(66,933)
Accounting Standards Update 2016-09, Statutory Tax Withholding Component [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash from financing activities		909
Net cash for operating activities		$ 900

Interim Reporting (Details)

Interim Reporting (Details)	3 Months Ended
	Mar. 26, 2017property
Nature of Operations [Line Items]
Number of amusement parks owned and operated	11
Number of outdoor water parks owned and operated	2
Number of indoor water parks owned and operated	1
Number of hotels owned and operated	5
Winterfest Parks	4
Minimum [Member]
Nature of Operations [Line Items]
Operating period	130 days
Operating Cycle, WinterFest	20 days
Maximum [Member]
Nature of Operations [Line Items]
Operating period	140 days
Operating Cycle, WinterFest	25 days

Long-Lived Assets - Wildwater K

Long-Lived Assets - Wildwater Kingdom Held for Sale (Details) $ in Millions	Mar. 26, 2017USD ($)a
Property, Plant and Equipment [Line Items]
Area of land | a	670
Other Assets [Member]
Property, Plant and Equipment [Line Items]
Land Available-for-sale | $	$ 17.1

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 26, 2017	Mar. 27, 2016	Dec. 31, 2016
Goodwill [Roll Forward]
Goodwill (gross), beginning of period	$ 259,528	$ 290,679	$ 290,679
Accumulated Impairment Losses, beginning of period	(79,868)	(79,868)	(79,868)
Goodwill (net), beginning of period	179,660	210,811	210,811
Foreign currency translation	239	3,897
Goodwill (gross), end of period	259,767	294,576	259,528
Accumulated Impairment Losses, ending of period	(79,868)	(79,868)	(79,868)
Goodwill (net), end of period	$ 179,899	$ 214,708	179,660
Adjustment to reduce goodwill and deferred tax liabilities			$ 33,900

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount/Value	$ 35,656	$ 35,603	$ 35,760
Accumulated Amortization	(1,233)	(1,092)	(549)
Total other intangible assets, gross carrying amount	38,957	38,929	37,204
Total other intangibe assets, net carrying value	37,724	37,837	36,655
License / Franchise Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	3,301	3,326	1,444
Accumulated Amortization	(1,233)	(1,092)	(549)
Net Carrying Value	$ 2,068	$ 2,234	$ 895

Long-Term Debt Schedule of Long

Long-Term Debt Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,637,850	$ 1,552,850	$ 1,623,850
Current maturities of long-term debt	(4,350)	(2,775)	(4,050)
Long-term debt, excluding current maturities, gross	1,633,500	1,550,075	1,619,800
Deferred finance costs	(14,882)	(15,864)	(18,949)
Total long-term debt	$ 1,618,618	1,534,211	1,600,851
5.375% Note [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	5.375%
Long-term debt, gross	$ 450,000	450,000	450,000
5.25% Note [Member]
Debt Instrument [Line Items]
Interest rate, stated percentage	5.25%
Long-term debt, gross	$ 500,000	500,000	500,000
Senior Secured Term Loan [Member] | 2013 Credit Agreement [Member]
Debt Instrument [Line Items]
Interest rate during period	3.25%
Long-term debt, gross	$ 602,850	602,850	608,850
Revolving Credit Facility [Member] | 2013 Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 85,000	$ 0	$ 65,000

Long-Term Debt Narrative (Detai

Long-Term Debt Narrative (Details)	Apr. 13, 2017USD ($)	Mar. 31, 2013USD ($)covenant	Mar. 26, 2017USD ($)	Jun. 30, 2014USD ($)	Jul. 30, 2010USD ($)
Debt Instrument [Line Items]
Commitment fee on unused portion of credit facilities		0.38%
Notes Payable due 2024 [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				$ 450,000,000
Interest rate, stated percentage				5.375%
Early call date, percentage of notes availabe for redemption			35.00%
Early call date, premium price, percentage			105.375%
Redemption percentage of original face amount			100.00%
Notes Payable, Due 2018 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Restricted payment			$ 60,000,000
Notes Payable, Due 2018 [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount					$ 405,000,000
Interest rate, stated percentage					9.125%
Original Issue Discount [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Unamortized discount					$ 5,600,000
Effective interest rate percentage					9.375%
Notes Payable Due 2021 [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 500,000,000
Interest rate, stated percentage			5.25%
Redemption price, percentage		102.625%
2013 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 885,000,000
Number of financial covenants | covenant		2
Pro-forma consolidated leverage ratio			5
Total indebtedness to consolidated cash flow ratio requirement			5
2013 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Restricted payment			$ 60,000,000
2013 Credit Agreement [Member] | Canadian Revolving Credit Facility CAD and USD [Member]
Debt Instrument [Line Items]
Interest rate margin over LIBOR		2.25%
2013 Credit Agreement [Member] | Canadian Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 15,000,000
2013 Credit Agreement [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		630,000,000
Periodic payment amount		$ 6,300,000
Interest rate margin over LIBOR		2.50%
Interest rate LIBOR floor		0.75%
2013 Credit Agreement [Member] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 255,000,000
March 2013 Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument revised consolidated leverage ratio requirement			5.50
March 2013 Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fixed charge coverage ratio			1.1
April 2017 Notes [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Redemption percentage of original face amount			100.00%
Subsequent Event [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Effective interest rate percentage	2.25%
Subsequent Event [Member] | April 2017 Notes [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 500,000,000
Interest rate, stated percentage	5.375%
Redemption price, percentage	35.00%
Subsequent Event [Member] | 2017 Credit Agreement [Member] | Canadian Revolving Credit Facility CAD and USD [Member]
Debt Instrument [Line Items]
Interest rate margin over LIBOR	2.00%
Subsequent Event [Member] | 2017 Credit Agreement [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 750,000,000
Subsequent Event [Member] | 2017 Credit Agreement [Member] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount	$ 275,000,000

Derivative Financial Instrume37

Derivative Financial Instruments Schedule of Derivatives (Details)	3 Months Ended
	Mar. 26, 2017USD ($)contract	Mar. 27, 2016USD ($)
Derivative [Line Items]
Net effect of swaps	$ 301,000	$ 1,842,000
Interest Rate Swap [Member]
Derivative [Line Items]
Amortization of deferred hedge gains	2,400,000	1,600,000
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member]
Derivative [Line Items]
Interest rate cash flow hedge gain (loss) to be reclassified	9,500,000
Accumulated other comprehensive income (loss) related to cash flow hedges	$ 16,600,000
Cash Flow Hedging [Member] | Forward-Starting Interest Rate Swap [Member] | 2013 forwards [Member]
Derivative [Line Items]
Number of derivative instruments | contract	4
Derivative, extension of maturity (in years)	2 years
Derivative, Amount of Hedged Item	$ 500,000,000
Average rate	2.64%
Designated As Hedging [Member]
Derivative [Line Items]
Interest rate cash flow hedge gain (loss) to be reclassified	$ 0
Net Effect of Swaps [Member] | Designated As Hedging [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Amount and Location of Gain (Loss) Recognized in Income on Derivatives	$ 2,063,000	$ (265,000)

Derivative Financial Instrume38

Derivative Financial Instruments Balance Sheet Location (Details) - USD ($) $ in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (15,658)	$ (17,721)	$ (27,855)
Interest Rate Swap [Member] | Not Designated As Hedging [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (15,658)	$ (17,721)	$ (27,855)

Derivative Financial Instrume39

Derivative Financial Instruments Income Statement Location (Details) - Designated As Hedging [Member] - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) recognized in OCI on Derivatives (Effective Portion)	$ 0	$ (4,671)
Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	0	(851)
Net Effect of Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount and Location of Gain (Loss) Recognized in Income on Derivatives	$ 2,063	$ (265)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred finance costs	$ 14,882	$ 15,864	$ 18,949
Derivative Liability [Member] | Not Designated As Hedging [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value, net	(15,658)	(17,721)	(27,855)
Long-term Debt [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of term debt	(601,493)	(603,075)	(604,800)
Reported Value Measurement [Member] | Derivative Liability [Member] | Not Designated As Hedging [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities), at fair value, net	(15,658)	(17,721)	(27,855)
Reported Value Measurement [Member] | Long-term Debt [Member] | Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of term debt	(598,500)	(600,075)	(604,800)
Notes Payable Due 2021 [Member] | Long-term Debt [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes	(513,125)	(510,000)	(518,750)
Notes Payable Due 2021 [Member] | Reported Value Measurement [Member] | Long-term Debt [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes	(500,000)	(500,000)	(500,000)
Notes Payable due 2024 [Member] | Long-term Debt [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes	(462,375)	(462,375)	(464,625)
Notes Payable due 2024 [Member] | Reported Value Measurement [Member] | Long-term Debt [Member] | Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of notes	$ (450,000)	$ (450,000)	$ (450,000)

Earnings per Unit (Details)

Earnings per Unit (Details) - $ / shares shares in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Earnings Per Unit [Abstract]
Basic weighted average units outstanding (in shares)	56,008	55,877
Diluted weighted average units outstanding (in shares)	56,008	55,877
Net income (loss) per limited partner unit - basic (in dollars per share)	$ (1.16)	$ (0.87)
Net income (loss) per limited partner unit - diluted (in dollars per share)	$ (1.16)	$ (0.87)

Income and Partnership Taxes Un

Income and Partnership Taxes Unrecognized Tax Position (Details) $ in Millions	3 Months Ended
	Mar. 26, 2017USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefit	$ 0.9

Changes in Accumulated Other 43

Changes in Accumulated Other Comprehensive Income by Component Changes in AOCI by Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning	$ 2,941	$ 3,291
Other comprehensive income before reclassifications	(660)	(8,355)
Amounts reclassified from accumulated other comprehensive income	1,994	1,329
Net current-period other comprehensive income	1,334	(7,026)
Balance, ending	4,275	(3,735)
Other Comprehensive income before reclassification tax effect	0	711
Foreign currency translation adjustment, tax	0	2,520
Provision (benefit) for taxes	27,719	19,382
Gains and Losses on Cash Flow Hedges [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning	(15,950)	(19,300)
Other comprehensive income before reclassifications	0	(3,960)
Amounts reclassified from accumulated other comprehensive income	1,994	1,329
Net current-period other comprehensive income	1,994	(2,631)
Balance, ending	(13,956)	(21,931)
Foreign Currency Items [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance, beginning	18,891	22,591
Other comprehensive income before reclassifications	(660)	(4,395)
Amounts reclassified from accumulated other comprehensive income	0	0
Net current-period other comprehensive income	(660)	(4,395)
Balance, ending	18,231	18,196
Reclassification out of Accumulated Other Comprehensive Income [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Provision (benefit) for taxes	$ (371)	$ (247)

Changes in Accumulated Other 44

Changes in Accumulated Other Comprehensive Income by Component Reclassifications Out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ (301)	$ (1,842)
Provision (benefit) for taxes	27,719	19,382
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision (benefit) for taxes	(371)	(247)
Net income (loss)	1,994	1,329
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	$ 2,365	$ 1,576

Consolidating Financial Infor45

Consolidating Financial Information of Guarantors and Issuers (Details)	Mar. 26, 2017
Senior Unsecured Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Subsidiary Ownership Percentage Guaranteering Notes	100.00%

Consolidating Financial Infor46

Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 26, 2017	Dec. 31, 2016	Mar. 27, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 34,242	$ 122,716	$ 64,551	$ 119,557
Receivables	28,585	35,414	33,914
Inventories	39,318	26,276	38,455
Other current assets	29,089	11,270	27,918
Total current assets	131,234	195,676	164,838
Property and equipment (net)	1,588,648	1,539,220	1,570,154
Investment In Park	0	0	0
Goodwill	179,899	179,660	214,708	210,811
Other intangibes, net	37,724	37,837	36,655
Deferred Tax Asset	0	0	0
Other Assets	20,774	20,788	17,405
Total Assets	1,958,279	1,973,181	2,003,760
Current Liabilities:
Current maturities of long-term debt	4,350	2,775	4,050
Accounts payable	44,715	20,851	34,092
Deferred revenue	116,132	82,765	105,256
Accrued interest	11,013	9,986	11,360
Accrued taxes	8,536	58,958	10,563
Accrued salaries, wages and benefits	14,427	30,358	22,441
Self-insurance reserves	25,833	27,063	24,252
Current derivative liability			46,314
Other accrued liabilities	11,619	9,927	7,196
Total current liabilities	236,625	242,683	265,524
Deferred Tax Liability	122,007	104,885	138,948
Derivative Liability	15,658	17,721	27,855
Other Liabilities	12,923	13,162	12,388
Long-Term Debt:
Revolving credit loans	85,000	0	65,000
Term debt	593,197	594,228	597,309
Notes	940,421	939,983	938,542
Total long-term debt	1,618,618	1,534,211	1,600,851
Total partners' equity	(47,552)	60,519	(41,806)
Total Partners' Equity and Liabilities	1,958,279	1,973,181	2,003,760
Cedar Fair L.P. (Parent) [Member]
Current Assets:
Cash and cash equivalents	0	0	0	77,007
Receivables	0	0	18
Inventories	0	0	0
Other current assets	74	173	77
Total current assets	74	173	95
Property and equipment (net)	0	0	0
Investment In Park	711,257	798,076	699,382
Goodwill	674	674	674
Other intangibes, net	0	0	0
Deferred Tax Asset	0	0	0
Other Assets	0	0	0
Total Assets	712,005	798,923	700,151
Current Liabilities:
Current maturities of long-term debt	0	0	0
Accounts payable	453,329	428,396	317,035
Deferred revenue	0	0	0
Accrued interest	864	4,613	1,290
Accrued taxes	1,084	405	1,935
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0	0	0
Current derivative liability			46,968
Other accrued liabilities	2,644	2,282	1,438
Total current liabilities	457,921	435,696	368,666
Deferred Tax Liability	0	0	0
Derivative Liability	9,395	10,633	16,713
Other Liabilities	0	0	0
Long-Term Debt:
Revolving credit loans	0		65,000
Term debt	0	0	0
Notes	292,241	292,075	291,578
Total long-term debt	292,241	292,075	356,578
Total partners' equity	(47,552)	60,519	(41,806)
Total Partners' Equity and Liabilities	712,005	798,923	700,151
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0
Receivables	1,552	1,409	2,192
Inventories	0	0	131
Other current assets	907	796	26,642
Total current assets	2,459	2,205	28,965
Property and equipment (net)	835	844	5,584
Investment In Park	852,264	937,626	904,557
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	16,616	33,303	2,920
Other Assets	2,000	2,000	14,413
Total Assets	874,174	975,978	956,439
Current Liabilities:
Current maturities of long-term debt	897	572	1,649
Accounts payable	125,934	145,258	161,288
Deferred revenue	0	0	139
Accrued interest	589	3,207	1,303
Accrued taxes	0	18,653	0
Accrued salaries, wages and benefits	13,792	29,227	21,805
Self-insurance reserves	11,397	12,490	11,417
Current derivative liability			0
Other accrued liabilities	3,907	3,018	1,125
Total current liabilities	156,516	212,425	198,726
Deferred Tax Liability	0	0	0
Derivative Liability	6,263	7,088	11,142
Other Liabilities	1,125	1,236	1,232
Long-Term Debt:
Revolving credit loans	0		0
Term debt	123,347	123,672	243,628
Notes	203,256	203,140	202,794
Total long-term debt	326,603	326,812	446,422
Total partners' equity	383,667	428,417	298,917
Total Partners' Equity and Liabilities	874,174	975,978	956,439
Co-Issuer Subsidiary (Cedar Canada) [Member]
Current Assets:
Cash and cash equivalents	29,590	65,563	38,251	39,106
Receivables	61,894	28,019	20,709
Inventories	2,008	1,371	1,920
Other current assets	3,419	2,229	2,097
Total current assets	96,911	97,182	62,977
Property and equipment (net)	176,952	175,358	186,379
Investment In Park	195,731	200,075	176,055
Goodwill	59,620	59,381	94,428
Other intangibes, net	13,306	13,255	13,384
Deferred Tax Asset	0	0	0
Other Assets	109	108	219
Total Assets	542,629	545,359	533,442
Current Liabilities:
Current maturities of long-term debt	100	64	93
Accounts payable	2,081	740	1,839
Deferred revenue	7,373	5,601	6,313
Accrued interest	7,729	2,057	7,853
Accrued taxes	0	0	1,810
Accrued salaries, wages and benefits	635	1,131	636
Self-insurance reserves	1,484	1,321	1,426
Current derivative liability			0
Other accrued liabilities	164	193	190
Total current liabilities	19,566	11,107	20,160
Deferred Tax Liability	13,273	12,838	20,003
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-Term Debt:
Revolving credit loans	0		0
Term debt	13,576	13,598	13,660
Notes	444,924	444,768	444,170
Total long-term debt	458,500	458,366	457,830
Total partners' equity	51,290	63,048	35,449
Total Partners' Equity and Liabilities	542,629	545,359	533,442
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	4,652	58,178	28,203	3,444
Receivables	541,622	576,975	488,005
Inventories	37,310	24,905	36,404
Other current assets	26,350	9,833	25,153
Total current assets	609,934	669,891	577,765
Property and equipment (net)	1,410,861	1,363,018	1,378,191
Investment In Park	294,228	324,282	24,194
Goodwill	119,605	119,605	119,606
Other intangibes, net	24,418	24,582	23,271
Deferred Tax Asset	0	0	0
Other Assets	18,665	18,680	2,773
Total Assets	2,477,711	2,520,058	2,125,800
Current Liabilities:
Current maturities of long-term debt	3,353	2,139	2,308
Accounts payable	39,854	18,471	32,189
Deferred revenue	108,759	77,164	98,804
Accrued interest	1,831	109	914
Accrued taxes	9,113	41,661	32,869
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	12,952	13,252	11,409
Current derivative liability			0
Other accrued liabilities	4,904	4,434	4,443
Total current liabilities	180,766	157,230	182,936
Deferred Tax Liability	125,350	125,350	121,865
Derivative Liability	0	0	0
Other Liabilities	11,798	11,926	11,156
Long-Term Debt:
Revolving credit loans	85,000		0
Term debt	456,274	456,958	340,021
Notes	0	0	0
Total long-term debt	541,274	456,958	340,021
Total partners' equity	1,618,523	1,768,594	1,469,822
Total Partners' Equity and Liabilities	2,477,711	2,520,058	2,125,800
Consolidation, Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	(1,025)	(1,903)	$ 0
Receivables	(576,483)	(570,989)	(477,010)
Inventories	0	0	0
Other current assets	(1,661)	(1,761)	(26,051)
Total current assets	(578,144)	(573,775)	(504,964)
Property and equipment (net)	0	0	0
Investment In Park	(2,053,480)	(2,260,059)	(1,804,188)
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	(16,616)	(33,303)	(2,920)
Other Assets	0	0	0
Total Assets	(2,648,240)	(2,867,137)	(2,312,072)
Current Liabilities:
Current maturities of long-term debt	0	0	0
Accounts payable	(576,483)	(572,014)	(478,259)
Deferred revenue	0	0	0
Accrued interest	0	0	0
Accrued taxes	(1,661)	(1,761)	(26,051)
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0		0
Current derivative liability			(654)
Other accrued liabilities	0	0	0
Total current liabilities	(578,144)	(573,775)	(504,964)
Deferred Tax Liability	(16,616)	(33,303)	(2,920)
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Long-Term Debt:
Revolving credit loans	0		0
Term debt	0	0	0
Notes	0	0	0
Total long-term debt	0	0	0
Total partners' equity	(2,053,480)	(2,260,059)	(1,804,188)
Total Partners' Equity and Liabilities	$ (2,648,240)	$ (2,867,137)	$ (2,312,072)

Consolidating Financial Infor47

Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 48,318	$ 58,438
Costs and expenses:
Cost of food, merchandise, and games revenues	5,480	6,237
Operating expenses	84,289	84,604
Selling, general and administrative	27,619	25,612
Depreciation and amortization	5,365	5,191
Loss on impairment / retirement of fixed assets, net	1,526	2,612
Total costs and expenses	124,279	124,256
Operating loss	(75,961)	(65,818)
Interest expense (income), net	18,882	19,769
Net effect of swaps	301	1,842
Unrealized / realized foreign currency (gain) loss	(2,671)	(19,561)
Other (income) expense	0	0
Income from investment in affiliates	0	0
Loss before taxes	(92,473)	(67,868)
Benefit for taxes	(27,719)	(19,382)
Net loss	(64,754)	(48,486)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	(660)	(4,395)
Unrealized gain (loss) on cash flow hedging derivatives	1,994	(2,631)
Other comprehensive income (loss), (net of tax)	1,334	(7,026)
Total comprehensive loss	(63,420)	(55,512)
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(6,138)	(2,500)
Costs and expenses:
Cost of food, merchandise, and games revenues	0	0
Operating expenses	0	10
Selling, general and administrative	894	894
Depreciation and amortization	0	0
Loss on impairment / retirement of fixed assets, net	0	0
Total costs and expenses	894	904
Operating loss	(7,032)	(3,404)
Interest expense (income), net	8,169	8,038
Net effect of swaps	150	1,442
Unrealized / realized foreign currency (gain) loss	0	0
Other (income) expense	62	62
Income from investment in affiliates	48,666	34,681
Loss before taxes	(64,079)	(47,627)
Benefit for taxes	675	859
Net loss	(64,754)	(48,486)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	(660)	(4,395)
Unrealized gain (loss) on cash flow hedging derivatives	1,994	(2,631)
Other comprehensive income (loss), (net of tax)	1,334	(7,026)
Total comprehensive loss	(63,420)	(55,512)
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(291)	7,841
Costs and expenses:
Cost of food, merchandise, and games revenues	0	0
Operating expenses	40,592	39,978
Selling, general and administrative	14,495	13,186
Depreciation and amortization	8	9
Loss on impairment / retirement of fixed assets, net	0	0
Total costs and expenses	55,095	53,173
Operating loss	(55,386)	(45,332)
Interest expense (income), net	5,308	6,445
Net effect of swaps	151	400
Unrealized / realized foreign currency (gain) loss	0	0
Other (income) expense	(15,264)	(19,371)
Income from investment in affiliates	20,604	14,144
Loss before taxes	(66,185)	(46,950)
Benefit for taxes	(17,519)	(12,270)
Net loss	(48,666)	(34,680)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	0	0
Unrealized gain (loss) on cash flow hedging derivatives	605	(756)
Other comprehensive income (loss), (net of tax)	605	(756)
Total comprehensive loss	(48,061)	(35,436)
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	353	119
Costs and expenses:
Cost of food, merchandise, and games revenues	0	(2)
Operating expenses	5,304	5,277
Selling, general and administrative	746	763
Depreciation and amortization	2	0
Loss on impairment / retirement of fixed assets, net	445	21
Total costs and expenses	6,497	6,059
Operating loss	(6,144)	(5,940)
Interest expense (income), net	5,905	6,036
Net effect of swaps	0	0
Unrealized / realized foreign currency (gain) loss	(2,671)	(19,561)
Other (income) expense	657	874
Income from investment in affiliates	4,344	3,475
Loss before taxes	(14,379)	3,236
Benefit for taxes	(3,276)	2,510
Net loss	(11,103)	726
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	(660)	(4,395)
Unrealized gain (loss) on cash flow hedging derivatives	0	0
Other comprehensive income (loss), (net of tax)	(660)	(4,395)
Total comprehensive loss	(11,763)	(3,669)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	45,296	58,317
Costs and expenses:
Cost of food, merchandise, and games revenues	5,480	6,239
Operating expenses	29,295	44,678
Selling, general and administrative	11,484	10,769
Depreciation and amortization	5,355	5,182
Loss on impairment / retirement of fixed assets, net	1,081	2,591
Total costs and expenses	52,695	69,459
Operating loss	(7,399)	(11,142)
Interest expense (income), net	(500)	(750)
Net effect of swaps	0	0
Unrealized / realized foreign currency (gain) loss	0	0
Other (income) expense	14,545	18,435
Income from investment in affiliates	11,097	(725)
Loss before taxes	(32,541)	(28,102)
Benefit for taxes	(7,599)	(10,481)
Net loss	(24,942)	(17,621)
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	0	0
Unrealized gain (loss) on cash flow hedging derivatives	0	0
Other comprehensive income (loss), (net of tax)	0	0
Total comprehensive loss	(24,942)	(17,621)
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	9,098	(5,339)
Costs and expenses:
Cost of food, merchandise, and games revenues	0	0
Operating expenses	9,098	(5,339)
Selling, general and administrative	0	0
Depreciation and amortization	0	0
Loss on impairment / retirement of fixed assets, net	0	0
Total costs and expenses	9,098	(5,339)
Operating loss	0	0
Interest expense (income), net	0	0
Net effect of swaps	0	0
Unrealized / realized foreign currency (gain) loss	0	0
Other (income) expense	0	0
Income from investment in affiliates	(84,711)	(51,575)
Loss before taxes	84,711	51,575
Benefit for taxes	0	0
Net loss	84,711	51,575
Other comprehensive income (loss), (net of tax):
Foreign currency translation adjustment	660	4,395
Unrealized gain (loss) on cash flow hedging derivatives	(605)	756
Other comprehensive income (loss), (net of tax)	55	5,151
Total comprehensive loss	$ 84,766	$ 56,726

Consolidating Financial Infor48

Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 26, 2017	Mar. 27, 2016
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	$ (73,984)	$ (66,933)
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	0	0
Payments to Acquire Intangible Assets	(10)	0
Capital expenditures	(48,455)	(52,221)
Net cash for investing activities	(48,465)	(52,221)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	85,000	65,000
Distributions paid to partners	(48,135)	0
Intercompany payables (payments) receipts	0	0
Tax effect of units involved in treasury unit transactions	(1,369)	(1,549)
Payments Related to Tax Withholding for Share-based Compensation	(1,904)	(909)
Net cash from financing activities	33,592	62,542
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	383	1,606
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(88,474)	(55,006)
Balance, beginning of period	122,716	119,557
Balance, end of period	34,242	64,551
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	23,702	(25,319)
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	0	0
Payments to Acquire Intangible Assets	0
Capital expenditures	0	0
Net cash for investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	0	65,000
Distributions paid to partners	(48,651)
Intercompany payables (payments) receipts	24,949	(116,688)
Tax effect of units involved in treasury unit transactions	0	0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Net cash from financing activities	(23,702)	(51,688)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	0	(77,007)
Balance, beginning of period	0	77,007
Balance, end of period	0	0
Guarantor Subsidiaries Co Issuer Subsidiary Magnum [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	56,496	(51,142)
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	0	0
Payments to Acquire Intangible Assets	0
Capital expenditures	0	0
Net cash for investing activities	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	0	0
Distributions paid to partners	0
Intercompany payables (payments) receipts	(53,223)	53,600
Tax effect of units involved in treasury unit transactions	(1,369)	(1,549)
Payments Related to Tax Withholding for Share-based Compensation	(1,904)	(909)
Net cash from financing activities	(56,496)	51,142
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	0	0
Balance, beginning of period	0	0
Balance, end of period	0	0
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	(35,208)	(214)
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	0	0
Payments to Acquire Intangible Assets	0
Capital expenditures	(1,148)	(2,247)
Net cash for investing activities	(1,148)	(2,247)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	0	0
Distributions paid to partners	0
Intercompany payables (payments) receipts	0	0
Tax effect of units involved in treasury unit transactions	0	0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Net cash from financing activities	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	383	1,606
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(35,973)	(855)
Balance, beginning of period	65,563	39,106
Balance, end of period	29,590	38,251
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	(119,483)	11,645
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	28,274	63,088
Payments to Acquire Intangible Assets	(10)
Capital expenditures	(47,307)	(49,974)
Net cash for investing activities	(19,043)	13,114
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	85,000	0
Distributions paid to partners	0
Intercompany payables (payments) receipts	0	0
Tax effect of units involved in treasury unit transactions	0	0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Net cash from financing activities	85,000	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(53,526)	24,759
Balance, beginning of period	58,178	3,444
Balance, end of period	4,652	28,203
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH FROM (FOR) OPERATING ACTIVITIES	509	(1,903)
CASH FLOWS FOR INVESTING ACTIVITIES
Intercompany receivables (payments) receipts	(28,274)	(63,088)
Payments to Acquire Intangible Assets	0
Capital expenditures	0	0
Net cash for investing activities	(28,274)	(63,088)
CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings on revolving credit loans	0	0
Distributions paid to partners	516
Intercompany payables (payments) receipts	28,274	63,088
Tax effect of units involved in treasury unit transactions	0	0
Payments Related to Tax Withholding for Share-based Compensation	0	0
Net cash from financing activities	28,790	63,088
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	1,025	(1,903)
Balance, beginning of period	(1,025)	0
Balance, end of period	$ 0	$ (1,903)

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Apr. 13, 2017	Mar. 31, 2013	Jun. 25, 2017	Mar. 26, 2017
2013 Credit Agreement [Member]
Subsequent Event [Line Items]
Debt instrument, face amount		$ 885,000,000
2013 Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Gain (loss) on extinguishment of debt			$ 23,100,000
Senior Unsecured Notes [Member] | April 2017 Notes [Member]
Subsequent Event [Line Items]
Redemption percentage of original face amount				100.00%
Senior Unsecured Notes [Member] | April 2017 Notes [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 500,000,000
Interest rate, stated percentage	5.375%
Redemption price, percentage	35.00%
Early call date, premium price, percentage	105.375%
Senior Unsecured Notes [Member] | Notes Payable Due 2021 [Member]
Subsequent Event [Line Items]
Debt instrument, face amount		$ 500,000,000
Interest rate, stated percentage				5.25%
Redemption price, percentage		102.625%
Senior Secured Term Loan [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Quarterly amortization percentage	0.25%
Periodic principal payment	$ 7,500,000
Effective interest rate percentage	2.25%
Senior Secured Term Loan [Member] | 2017 Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 750,000,000
Debt instrument, term (in years)	7 years
Senior Secured Term Loan [Member] | 2013 Credit Agreement [Member]
Subsequent Event [Line Items]
Debt instrument, face amount		$ 630,000,000
Senior Secured Revolving Credit Facility [Member] | 2017 Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument, face amount	$ 275,000,000
Debt instrument, term (in years)	5 years
Commitment fee percentage	0.38%
Senior Secured Revolving Credit Facility [Member] | 2013 Credit Agreement [Member]
Subsequent Event [Line Items]
Debt instrument, face amount		$ 255,000,000
Canadian Revolving Credit Facility CAD and USD [Member] | 2017 Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Interest rate margin over LIBOR	2.00%
Canadian Revolving Credit Facility CAD and USD [Member] | 2013 Credit Agreement [Member]
Subsequent Event [Line Items]
Interest rate margin over LIBOR		2.25%
Canadian Revolving Credit Facility [Member] | 2013 Credit Agreement [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 15,000,000
Canadian Revolving Credit Facility [Member] | 2013 Credit Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt issuance costs	$ 7,600,000
Amortization of debt issuance costs	$ 15,500,000