Supplemental Guarantor Information (Tables) | 6 Months Ended |
Mar. 31, 2014 |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' |
Unaudited Consolidating Balance Sheet Information | ' |
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
ASSETS | | | | | | | | | |
Cash and cash equivalents | $ | 302,176 | | | $ | 1,699 | | | $ | 1,689 | | | $ | (5,944 | ) | | $ | 299,620 | |
|
Restricted cash | 49,733 | | | 1,032 | | | — | | | — | | | 50,765 | |
|
Accounts receivable (net of allowance of $1,278) | — | | | 28,908 | | | 3 | | | — | | | 28,911 | |
|
Income tax receivable | 2,813 | | | — | | | — | | | — | | | 2,813 | |
|
Owned inventory | — | | | 1,480,360 | | | — | | | — | | | 1,480,360 | |
|
Consolidated inventory not owned | — | | | 7,751 | | | — | | | — | | | 7,751 | |
|
Investments in unconsolidated entities | 773 | | | 35,774 | | | — | | | — | | | 36,547 | |
|
Deferred tax assets, net | 5,407 | | | — | | | — | | | — | | | 5,407 | |
|
Property, plant and equipment, net | — | | | 18,142 | | | — | | | — | | | 18,142 | |
|
Investments in subsidiaries | 155,251 | | | — | | | — | | | (155,251 | ) | | — | |
|
Intercompany | 1,240,777 | | | — | | | 2,406 | | | (1,243,183 | ) | | — | |
|
Other assets | 17,058 | | | 3,901 | | | 109 | | | — | | | 21,068 | |
|
Total assets | $ | 1,773,988 | | | $ | 1,577,567 | | | $ | 4,207 | | | $ | (1,404,378 | ) | | $ | 1,951,384 | |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | | |
Trade accounts payable | $ | — | | | $ | 71,891 | | | $ | — | | | $ | — | | | $ | 71,891 | |
|
Other liabilities | 52,706 | | | 79,966 | | | 1,003 | | | — | | | 133,675 | |
|
Intercompany | 2,406 | | | 1,246,721 | | | — | | | (1,249,127 | ) | | — | |
|
Obligations related to land not owned under option agreements | — | | | 3,147 | | | — | | | — | | | 3,147 | |
|
Total debt (net of discounts of $4,780) | 1,488,078 | | | 23,795 | | | — | | | — | | | 1,511,873 | |
|
Total liabilities | 1,543,190 | | | 1,425,520 | | | 1,003 | | | (1,249,127 | ) | | 1,720,586 | |
|
Stockholders’ equity | 230,798 | | | 152,047 | | | 3,204 | | | (155,251 | ) | | 230,798 | |
|
Total liabilities and stockholders’ equity | $ | 1,773,988 | | | $ | 1,577,567 | | | $ | 4,207 | | | $ | (1,404,378 | ) | | $ | 1,951,384 | |
|
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
ASSETS | | | | | | | | | |
Cash and cash equivalents | $ | 499,341 | | | $ | 6,324 | | | $ | 1,637 | | | $ | (2,843 | ) | | $ | 504,459 | |
|
Restricted cash | 47,873 | | | 1,105 | | | — | | | — | | | 48,978 | |
|
Accounts receivable (net of allowance of $1,651) | — | | | 22,339 | | | 3 | | | — | | | 22,342 | |
|
Income tax receivable | 2,813 | | | — | | | — | | | — | | | 2,813 | |
|
Owned inventory | — | | | 1,304,694 | | | — | | | — | | | 1,304,694 | |
|
Consolidated inventory not owned | — | | | 9,124 | | | — | | | — | | | 9,124 | |
|
Investments in unconsolidated entities | 773 | | | 44,224 | | | — | | | — | | | 44,997 | |
|
Deferred tax assets, net | 5,253 | | | — | | | — | | | — | | | 5,253 | |
|
Property, plant and equipment, net | — | | | 17,000 | | | — | | | — | | | 17,000 | |
|
Investments in subsidiaries | 123,600 | | | — | | | — | | | (123,600 | ) | | — | |
|
Intercompany | 1,088,949 | | | — | | | 2,747 | | | (1,091,696 | ) | | — | |
|
Other assets | 19,602 | | | 7,147 | | | 380 | | | — | | | 27,129 | |
|
Total assets | $ | 1,788,204 | | | $ | 1,411,957 | | | $ | 4,767 | | | $ | (1,218,139 | ) | | $ | 1,986,789 | |
|
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | | |
Trade accounts payable | $ | — | | | $ | 83,800 | | | $ | — | | | $ | — | | | $ | 83,800 | |
|
Other liabilities | 52,009 | | | 92,384 | | | 1,230 | | | — | | | 145,623 | |
|
Intercompany | 2,747 | | | 1,091,792 | | | — | | | (1,094,539 | ) | | — | |
|
Obligations related to land not owned under option agreements | — | | | 4,633 | | | — | | | — | | | 4,633 | |
|
Total debt (net of discounts of $5,160) | 1,492,898 | | | 19,285 | | | — | | | — | | | 1,512,183 | |
|
Total liabilities | 1,547,654 | | | 1,291,894 | | | 1,230 | | | (1,094,539 | ) | | 1,746,239 | |
|
Stockholders’ equity | 240,550 | | | 120,063 | | | 3,537 | | | (123,600 | ) | | 240,550 | |
|
Total liabilities and stockholders’ equity | $ | 1,788,204 | | | $ | 1,411,957 | | | $ | 4,767 | | | $ | (1,218,139 | ) | | $ | 1,986,789 | |
|
Unaudited Consolidating Income Statement | ' |
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Three Months Ended March 31, 2014 | | | | | | | | | |
Total revenue | $ | — | | | $ | 270,021 | | | $ | 100 | | | $ | (100 | ) | | $ | 270,021 | |
|
Home construction and land sales expenses | 7,379 | | | 209,690 | | | — | | | (100 | ) | | 216,969 | |
|
Inventory impairments and option contract abandonments | — | | | 880 | | | — | | | — | | | 880 | |
|
Gross (loss) profit | (7,379 | ) | | 59,451 | | | 100 | | | — | | | 52,172 | |
|
Commissions | — | | | 11,096 | | | — | | | — | | | 11,096 | |
|
General and administrative expenses | — | | | 32,592 | | | 36 | | | — | | | 32,628 | |
|
Depreciation and amortization | — | | | 2,831 | | | — | | | — | | | 2,831 | |
|
Operating (loss) income | (7,379 | ) | | 12,932 | | | 64 | | | — | | | 5,617 | |
|
Equity in income of unconsolidated entities | — | | | (17 | ) | | — | | | — | | | (17 | ) |
|
Loss on extinguishment of debt | (153 | ) | | — | | | — | | | — | | | (153 | ) |
|
Other (expense) income, net | (14,659 | ) | | 933 | | | (1 | ) | | — | | | (13,727 | ) |
|
(Loss) income before income taxes | (22,191 | ) | | 13,848 | | | 63 | | | — | | | (8,280 | ) |
|
(Benefit from) provision for income taxes | (210 | ) | | 131 | | | 23 | | | — | | | (56 | ) |
|
Equity in income of subsidiaries | 13,757 | | | — | | | — | | | (13,757 | ) | | — | |
|
(Loss) income from continuing operations | (8,224 | ) | | 13,717 | | | 40 | | | (13,757 | ) | | (8,224 | ) |
|
Income (loss) from discontinued operations | — | | | 257 | | | (4 | ) | | — | | | 253 | |
|
Equity in income of subsidiaries | 253 | | | — | | | — | | | (253 | ) | | — | |
|
Net (loss) income | $ | (7,971 | ) | | $ | 13,974 | | | $ | 36 | | | $ | (14,010 | ) | | $ | (7,971 | ) |
|
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Three Months Ended March 31, 2013 | | | | | | | | | |
Total revenue | $ | — | | | $ | 287,902 | | | $ | 173 | | | $ | (173 | ) | | $ | 287,902 | |
|
Home construction and land sales expenses | 9,352 | | | 232,813 | | | — | | | (173 | ) | | 241,992 | |
|
Inventory impairments and option contract abandonments | — | | | 2,025 | | | — | | | — | | | 2,025 | |
|
Gross (loss) profit | (9,352 | ) | | 53,064 | | | 173 | | | — | | | 43,885 | |
|
Commissions | — | | | 11,686 | | | — | | | — | | | 11,686 | |
|
General and administrative expenses | — | | | 28,762 | | | 33 | | | — | | | 28,795 | |
|
Depreciation and amortization | — | | | 3,093 | | | — | | | — | | | 3,093 | |
|
Operating (loss) income | (9,352 | ) | | 9,523 | | | 140 | | | — | | | 311 | |
|
Equity in income of unconsolidated entities | — | | | 68 | | | — | | | — | | | 68 | |
|
Loss on extinguishment of debt | (3,638 | ) | | — | | | — | | | — | | | (3,638 | ) |
|
Other (expense) income, net | (16,246 | ) | | 47 | | | 4 | | | — | | | (16,195 | ) |
|
(Loss) income before income taxes | (29,236 | ) | | 9,638 | | | 144 | | | — | | | (19,454 | ) |
|
(Benefit from) provision for income taxes | (583 | ) | | 193 | | | 47 | | | — | | | (343 | ) |
|
Equity in income of subsidiaries | 9,542 | | | — | | | — | | | (9,542 | ) | | — | |
|
(Loss) income from continuing operations | (19,111 | ) | | 9,445 | | | 97 | | | (9,542 | ) | | (19,111 | ) |
|
Loss from discontinued operations | — | | | (519 | ) | | (10 | ) | | — | | | (529 | ) |
|
Equity in loss of subsidiaries | (529 | ) | | — | | | — | | | 529 | | | — | |
|
Net (loss) income | $ | (19,640 | ) | | $ | 8,926 | | | $ | 87 | | | $ | (9,013 | ) | | $ | (19,640 | ) |
|
Beazer Homes USA, Inc. |
|
Unaudited Consolidating Statement of Operations Information |
(In thousands) |
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Three Months Ended March 31, 2014 | | | | | | | | | |
Total revenue | $ | — | | | $ | 270,021 | | | $ | 100 | | | $ | (100 | ) | | $ | 270,021 | |
|
Home construction and land sales expenses | 7,379 | | | 209,690 | | | — | | | (100 | ) | | 216,969 | |
|
Inventory impairments and option contract abandonments | — | | | 880 | | | — | | | — | | | 880 | |
|
Gross (loss) profit | (7,379 | ) | | 59,451 | | | 100 | | | — | | | 52,172 | |
|
Commissions | — | | | 11,096 | | | — | | | — | | | 11,096 | |
|
General and administrative expenses | — | | | 32,592 | | | 36 | | | — | | | 32,628 | |
|
Depreciation and amortization | — | | | 2,831 | | | — | | | — | | | 2,831 | |
|
Operating (loss) income | (7,379 | ) | | 12,932 | | | 64 | | | — | | | 5,617 | |
|
Equity in income of unconsolidated entities | — | | | (17 | ) | | — | | | — | | | (17 | ) |
|
Loss on extinguishment of debt | (153 | ) | | — | | | — | | | — | | | (153 | ) |
|
Other (expense) income, net | (14,659 | ) | | 933 | | | (1 | ) | | — | | | (13,727 | ) |
|
(Loss) income before income taxes | (22,191 | ) | | 13,848 | | | 63 | | | — | | | (8,280 | ) |
|
(Benefit from) provision for income taxes | (210 | ) | | 131 | | | 23 | | | — | | | (56 | ) |
|
Equity in income of subsidiaries | 13,757 | | | — | | | — | | | (13,757 | ) | | — | |
|
(Loss) income from continuing operations | (8,224 | ) | | 13,717 | | | 40 | | | (13,757 | ) | | (8,224 | ) |
|
Income (loss) from discontinued operations | — | | | 257 | | | (4 | ) | | — | | | 253 | |
|
Equity in income of subsidiaries | 253 | | | — | | | — | | | (253 | ) | | — | |
|
Net (loss) income | $ | (7,971 | ) | | $ | 13,974 | | | $ | 36 | | | $ | (14,010 | ) | | $ | (7,971 | ) |
|
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Three Months Ended March 31, 2013 | | | | | | | | | |
Total revenue | $ | — | | | $ | 287,902 | | | $ | 173 | | | $ | (173 | ) | | $ | 287,902 | |
|
Home construction and land sales expenses | 9,352 | | | 232,813 | | | — | | | (173 | ) | | 241,992 | |
|
Inventory impairments and option contract abandonments | — | | | 2,025 | | | — | | | — | | | 2,025 | |
|
Gross (loss) profit | (9,352 | ) | | 53,064 | | | 173 | | | — | | | 43,885 | |
|
Commissions | — | | | 11,686 | | | — | | | — | | | 11,686 | |
|
General and administrative expenses | — | | | 28,762 | | | 33 | | | — | | | 28,795 | |
|
Depreciation and amortization | — | | | 3,093 | | | — | | | — | | | 3,093 | |
|
Operating (loss) income | (9,352 | ) | | 9,523 | | | 140 | | | — | | | 311 | |
|
Equity in income of unconsolidated entities | — | | | 68 | | | — | | | — | | | 68 | |
|
Loss on extinguishment of debt | (3,638 | ) | | — | | | — | | | — | | | (3,638 | ) |
|
Other (expense) income, net | (16,246 | ) | | 47 | | | 4 | | | — | | | (16,195 | ) |
|
(Loss) income before income taxes | (29,236 | ) | | 9,638 | | | 144 | | | — | | | (19,454 | ) |
|
(Benefit from) provision for income taxes | (583 | ) | | 193 | | | 47 | | | — | | | (343 | ) |
|
Equity in income of subsidiaries | 9,542 | | | — | | | — | | | (9,542 | ) | | — | |
|
(Loss) income from continuing operations | (19,111 | ) | | 9,445 | | | 97 | | | (9,542 | ) | | (19,111 | ) |
|
Loss from discontinued operations | — | | | (519 | ) | | (10 | ) | | — | | | (529 | ) |
|
Equity in loss of subsidiaries | (529 | ) | | — | | | — | | | 529 | | | — | |
|
Net (loss) income | $ | (19,640 | ) | | $ | 8,926 | | | $ | 87 | | | $ | (9,013 | ) | | $ | (19,640 | ) |
|
|
|
|
Beazer Homes USA, Inc. |
|
Unaudited Consolidating Statement of Operations Information |
(In thousands) |
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Six Months Ended March 31, 2014 | | | | | | | | | |
Total revenue | $ | — | | | $ | 563,191 | | | $ | 180 | | | $ | (180 | ) | | $ | 563,191 | |
|
Home construction and land sales expenses | 14,514 | | | 441,104 | | | — | | | (180 | ) | | 455,438 | |
|
Inventory impairments and option contract abandonments | — | | | 911 | | | — | | | — | | | 911 | |
|
Gross (loss) profit | (14,514 | ) | | 121,176 | | | 180 | | | — | | | 106,842 | |
|
Commissions | — | | | 22,917 | | | — | | | — | | | 22,917 | |
|
General and administrative expenses | — | | | 60,976 | | | 62 | | | — | | | 61,038 | |
|
Depreciation and amortization | — | | | 5,738 | | | — | | | — | | | 5,738 | |
|
Operating (loss) income | (14,514 | ) | | 31,545 | | | 118 | | | — | | | 17,149 | |
|
Equity in income of unconsolidated entities | — | | | 302 | | | — | | | — | | | 302 | |
|
Loss on extinguishment of debt | (153 | ) | | — | | | — | | | — | | | (153 | ) |
|
Other (expense) income, net | (30,692 | ) | | 1,212 | | | (4 | ) | | — | | | (29,484 | ) |
|
(Loss) income before income taxes | (45,359 | ) | | 33,059 | | | 114 | | | — | | | (12,186 | ) |
|
(Benefit from) provision for income taxes | (199 | ) | | 145 | | | 40 | | | — | | | (14 | ) |
|
Equity in income of subsidiaries | 32,988 | | | — | | | — | | | (32,988 | ) | | — | |
|
(Loss) income from continuing operations | (12,172 | ) | | 32,914 | | | 74 | | | (32,988 | ) | | (12,172 | ) |
|
Loss from discontinued operations | — | | | (930 | ) | | (7 | ) | | — | | | (937 | ) |
|
Equity in loss of subsidiaries | (937 | ) | | — | | | — | | | 937 | | | — | |
|
Net (loss) income | $ | (13,109 | ) | | $ | 31,984 | | | $ | 67 | | | $ | (32,051 | ) | | $ | (13,109 | ) |
|
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Six Months Ended March 31, 2013 | | | | | | | | | |
Total revenue | $ | — | | | $ | 534,804 | | | $ | 390 | | | $ | (390 | ) | | $ | 534,804 | |
|
Home construction and land sales expenses | 17,827 | | | 435,169 | | | — | | | (390 | ) | | 452,606 | |
|
Inventory impairments and option contract abandonments | — | | | 2,229 | | | — | | | — | | | 2,229 | |
|
Gross (loss) profit | (17,827 | ) | | 97,406 | | | 390 | | | — | | | 79,969 | |
|
Commissions | — | | | 22,328 | | | — | | | — | | | 22,328 | |
|
General and administrative expenses | — | | | 55,063 | | | 60 | | | — | | | 55,123 | |
|
Depreciation and amortization | — | | | 5,808 | | | — | | | — | | | 5,808 | |
|
Operating (loss) income | (17,827 | ) | | 14,207 | | | 330 | | | — | | | (3,290 | ) |
|
Equity in income of unconsolidated entities | — | | | 104 | | | — | | | — | | | 104 | |
|
Loss on extinguishment of debt | (3,638 | ) | | — | | | — | | | — | | | (3,638 | ) |
|
Other (expense) income, net | (32,457 | ) | | 627 | | | 8 | | | — | | | (31,822 | ) |
|
(Loss) income before income taxes | (53,922 | ) | | 14,938 | | | 338 | | | — | | | (38,646 | ) |
|
(Benefit from) provision for income taxes | (1,014 | ) | | 281 | | | 137 | | | — | | | (596 | ) |
|
Equity in income of subsidiaries | 14,858 | | | — | | | — | | | (14,858 | ) | | — | |
|
(Loss) income from continuing operations | (38,050 | ) | | 14,657 | | | 201 | | | (14,858 | ) | | (38,050 | ) |
|
(Loss) income from discontinued operations | — | | | (2,010 | ) | | 32 | | | — | | | (1,978 | ) |
|
Equity in loss of subsidiaries | (1,978 | ) | | — | | | — | | | 1,978 | | | — | |
|
Net (loss) income | $ | (40,028 | ) | | $ | 12,647 | | | $ | 233 | | | $ | (12,880 | ) | | $ | (40,028 | ) |
|
Unaudited Consolidating Statements of Cash Flow | ' |
|
| | | | | | | | | | | | | | | | | | | |
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Six Months Ended March 31, 2014 | | | | | | | | | |
Net cash (used in) provided by operating activities | $ | (45,803 | ) | | $ | (142,360 | ) | | $ | 111 | | | $ | — | | | $ | (188,052 | ) |
|
Cash flows from investing activities: | | | | | | | | | |
Capital expenditures | — | | | (6,641 | ) | | — | | | — | | | (6,641 | ) |
|
Investments in unconsolidated entities | — | | | (3,193 | ) | | — | | | — | | | (3,193 | ) |
|
Increases in restricted cash | (1,898 | ) | | (690 | ) | | — | | | — | | | (2,588 | ) |
|
Decreases in restricted cash | 39 | | | 762 | | | — | | | — | | | 801 | |
|
Net cash used in investing activities | (1,859 | ) | | (9,762 | ) | | — | | | — | | | (11,621 | ) |
|
Cash flows from financing activities: | | | | | | | | | |
Repayment of debt | (3,857 | ) | | (890 | ) | | — | | | — | | | (4,747 | ) |
|
Debt issuance costs | (26 | ) | | — | | | — | | | — | | | (26 | ) |
|
Advances to/from subsidiaries | (145,227 | ) | | 148,387 | | | (59 | ) | | (3,101 | ) | | — | |
|
Payments for other financing activities | (393 | ) | | — | | | — | | | — | | | (393 | ) |
|
Net cash (used in) provided by financing activities | (149,503 | ) | | 147,497 | | | (59 | ) | | (3,101 | ) | | (5,166 | ) |
|
(Decrease) increase in cash and cash equivalents | (197,165 | ) | | (4,625 | ) | | 52 | | | (3,101 | ) | | (204,839 | ) |
|
Cash and cash equivalents at beginning of period | 499,341 | | | 6,324 | | | 1,637 | | | (2,843 | ) | | 504,459 | |
|
Cash and cash equivalents at end of period | $ | 302,176 | | | $ | 1,699 | | | $ | 1,689 | | | $ | (5,944 | ) | | $ | 299,620 | |
|
| Beazer Homes | | Guarantor | | Non-Guarantor | | Consolidating | | Consolidated |
USA, Inc. | Subsidiaries | Subsidiaries | Adjustments | Beazer Homes |
| | | | USA, Inc. |
Six Months Ended March 31, 2013 | | | | | | | | | |
Net cash used in operating activities | $ | (14,665 | ) | | $ | (61,595 | ) | | $ | (76 | ) | | $ | — | | | $ | (76,336 | ) |
|
Cash flows from investing activities: | | | | | | | | | |
Capital expenditures | — | | | (3,869 | ) | | — | | | — | | | (3,869 | ) |
|
Investments in unconsolidated entities | — | | | (400 | ) | | — | | | — | | | (400 | ) |
|
Return of capital from unconsolidated entities | — | | | 432 | | | — | | | — | | | 432 | |
|
Increases in restricted cash | (668 | ) | | (376 | ) | | — | | | — | | | (1,044 | ) |
|
Decreases in restricted cash | 7,367 | | | 195 | | | — | | | — | | | 7,562 | |
|
Net cash provided by (used in) investing activities | 6,699 | | | (4,018 | ) | | — | | | — | | | 2,681 | |
|
Cash flows from financing activities: | | | | | | | | | |
Repayment of debt | (183,224 | ) | | (95 | ) | | — | | | — | | | (183,319 | ) |
|
Proceeds from issuance of new debt | 200,000 | | | — | | | — | | | — | | | 200,000 | |
|
Settlement of unconsolidated entity debt obligations | — | | | (500 | ) | | — | | | — | | | (500 | ) |
|
Debt issuance costs | (4,635 | ) | | — | | | — | | | — | | | (4,635 | ) |
|
Advances to/from subsidiaries | (62,166 | ) | | 63,544 | | | (56 | ) | | (1,322 | ) | | — | |
|
Payments for other financing activities | (26 | ) | | — | | | — | | | — | | | (26 | ) |
|
Net cash (used in) provided by financing activities | (50,051 | ) | | 62,949 | | | (56 | ) | | (1,322 | ) | | 11,520 | |
|
Decrease in cash and cash equivalents | (58,017 | ) | | (2,664 | ) | | (132 | ) | | (1,322 | ) | | (62,135 | ) |
Cash and cash equivalents at beginning of period | 481,394 | | | 8,215 | | | 646 | | | (2,460 | ) | | 487,795 | |
|
Cash and cash equivalents at end of period | $ | 423,377 | | | $ | 5,551 | | | $ | 514 | | | $ | (3,782 | ) | | $ | 425,660 | |
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