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Guarantor and Non-Guarantor Financial Information (Tables) | 6 Months Ended
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Mar. 31, 2016
Guarantor and Non-Guarantor Financial Information |
Schedule of Consolidated Condensed Statements of Income | CONSOLIDATED CONDENSED STATEMENTS OF INCOME (in thousands)
|  | Three Months Ended March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 382,747 |  | $ | 55,460 |  | $ | (16 | ) | $ | 438,191 |
Operating costs and other |  | 3,156 |  | 331,998 |  | 61,818 |  | (402 | ) | 396,570 |
Operating income (loss) from continuing operations |  | (3,156 | ) | 50,749 |  | (6,358 | ) | 386 |  | 41,621 |
Other income (loss), net |  | (271 | ) | 734 |  | 1,375 |  | (386 | ) | 1,452 |
Interest expense |  | (62 | ) | (5,272 | ) | (387 | ) | — |  | (5,721 | )
Equity in net income (loss) of subsidiaries |  | 23,065 |  | (7,818 | ) | — |  | (15,247 | ) | — |
Income (loss) from continuing operations before income taxes |  | 19,576 |  | 38,393 |  | (5,370 | ) | (15,247 | ) | 37,352 |
Income tax provision |  | (1,629 | ) | 15,657 |  | (1,850 | ) | — |  | 12,178 |
Income (loss) from continuing operations |  | 21,205 |  | 22,736 |  | (3,520 | ) | (15,247 | ) | 25,174 |
Loss from discontinued operations before income taxes |  | — |  | — |  | (56 | ) | — |  | (56 | )
Income tax provision |  | — |  | — |  | 3,913 |  | — |  | 3,913 |
Loss from discontinued operations |  | — |  | — |  | (3,969 | ) | — |  | (3,969 | )
Net income (loss) |  | $ | 21,205 |  | $ | 22,736 |  | $ | (7,489 | ) | $ | (15,247 | ) | $ | 21,205 |
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (in thousands)
|  | Three Months Ended March 31, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 774,896 |  | $ | 110,798 |  | $ | (24 | ) | $ | 885,670 |
Operating costs and other |  | 3,059 |  | 548,083 |  | 104,236 |  | (1,034 | ) | 654,344 |
Operating income (loss) from continuing operations |  | (3,059 | ) | 226,813 |  | 6,562 |  | 1,010 |  | 231,326 |
Other income |  | 2 |  | 3,738 |  | (111 | ) | (1,010 | ) | 2,619 |
Interest expense |  | (12 | ) | (121 | ) | (2,467 | ) | — |  | (2,600 | )
Equity in net income of subsidiaries |  | 155,706 |  | 3,373 |  | — |  | (159,079 | ) | — |
Income from continuing operations before income taxes |  | 152,637 |  | 233,803 |  | 3,984 |  | (159,079 | ) | 231,345 |
Income tax provision |  | (906 | ) | 78,923 |  | (214 | ) | — |  | 77,803 |
Income from continuing operations |  | 153,543 |  | 154,880 |  | 4,198 |  | (159,079 | ) | 153,542 |
Loss from discontinued operations before income taxes |  | — |  | — |  | (76 | ) | — |  | (76 | )
Income tax provision |  | — |  | — |  | (77 | ) | — |  | (77 | )
Loss from discontinued operations |  | — |  | — |  | 1 |  | — |  | 1 |
Net income |  | $ | 153,543 |  | $ | 154,880 |  | $ | 4,199 |  | $ | (159,079 | ) | $ | 153,543 |
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (in thousands)
|  | Six Months Ended March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 788,284 |  | $ | 137,787 |  | $ | (33 | ) | $ | 926,038 |
Operating costs and other |  | 5,861 |  | 688,749 |  | 151,940 |  | (803 | ) | 845,747 |
Operating income (loss) from continuing operations |  | (5,861 | ) | 99,535 |  | (14,153 | ) | 770 |  | 80,291 |
Other income |  | (251 | ) | 1,390 |  | 1,555 |  | (770 | ) | 1,924 |
Interest expense |  | (124 | ) | (9,990 | ) | (131 | ) | — |  | (10,245 | )
Equity in net income (loss) of subsidiaries |  | 40,614 |  | (16,015 | ) | — |  | (24,599 | ) | — |
Income from continuing operations before income taxes |  | 34,378 |  | 74,920 |  | (12,729 | ) | (24,599 | ) | 71,970 |
Income tax provision |  | (2,829 | ) | 34,884 |  | (1,157 | ) | — |  | 30,898 |
Income (loss) from continuing operations |  | 37,207 |  | 40,036 |  | (11,572 | ) | (24,599 | ) | 41,072 |
Income from discontinued operations before income taxes |  | — |  | — |  | 48 |  | — |  | 48 |
Income tax provision |  | — |  | — |  | 3,913 |  | — |  | 3,913 |
Loss from discontinued operations |  | — |  | — |  | (3,865 | ) | — |  | (3,865 | )
Net income (loss) |  | $ | 37,207 |  | $ | 40,036 |  | $ | (15,437 | ) | $ | (24,599 | ) | $ | 37,207 |
CONSOLIDATED CONDENSED STATEMENTS OF INCOME (in thousands)
|  | Six Months Ended March 31, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Operating revenue |  | $ | — |  | $ | 1,727,005 |  | $ | 219,492 |  | $ | (40 | ) | $ | 1,946,457 |
Operating costs and other |  | 6,080 |  | 1,177,121 |  | 203,625 |  | (2,066 | ) | 1,384,760 |
Operating income (loss) from continuing operations |  | (6,080 | ) | 549,884 |  | 15,867 |  | 2,026 |  | 561,697 |
Other income |  | 3 |  | 4,659 |  | 592 |  | (2,026 | ) | 3,228 |
Interest expense |  | (19 | ) | (103 | ) | (3,068 | ) | — |  | (3,190 | )
Equity in net income of subsidiaries |  | 361,065 |  | 10,091 |  | — |  | (371,156 | ) | — |
Income from continuing operations before income taxes |  | 354,969 |  | 564,531 |  | 13,391 |  | (371,156 | ) | 561,735 |
Income tax provision |  | (2,182 | ) | 205,045 |  | 1,707 |  | — |  | 204,570 |
Income from continuing operations |  | 357,151 |  | 359,486 |  | 11,684 |  | (371,156 | ) | 357,165 |
Loss from discontinued operations before income taxes |  | — |  | — |  | (91 | ) | — |  | (91 | )
Income tax provision |  | — |  | — |  | (77 | ) | — |  | (77 | )
Loss from discontinued operations |  | — |  | — |  | (14 | ) | — |  | (14 | )
Net income |  | $ | 357,151 |  | $ | 359,486 |  | $ | 11,670 |  | $ | (371,156 | ) | $ | 357,151 |
Schedule of Consolidated Condensed Statements of Comprehensive Income | CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Three Months Ended March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) |  | $ | 21,205 |  | $ | 22,736 |  | $ | (7,489 | ) | $ | (15,247 | ) | $ | 21,205 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (1,453 | ) | — |  | — |  | (1,453 | )
Minimum pension liability adjustments, net |  | 106 |  | 207 |  | — |  | — |  | 313 |
Other comprehensive income (loss) |  | 106 |  | (1,246 | ) | — |  | — |  | (1,140 | )
Comprehensive income |  | $ | 21,311 |  | $ | 21,490 |  | $ | (7,489 | ) | $ | (15,247 | ) | $ | 20,065 |
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Three Months Ended March 31, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income |  | $ | 153,543 |  | $ | 154,880 |  | $ | 4,199 |  | $ | (159,079 | ) | $ | 153,543 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (1,203 | ) | — |  | — |  | (1,203 | )
Minimum pension liability adjustments, net |  | 82 |  | 115 |  | — |  | — |  | 197 |
Other comprehensive income (loss) |  | 82 |  | (1,088 | ) | — |  | — |  | (1,006 | )
Comprehensive income |  | $ | 153,625 |  | $ | 153,792 |  | $ | 4,199 |  | $ | (159,079 | ) | $ | 152,537 |
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Six Months Ended March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) |  | $ | 37,207 |  | $ | 40,036 |  | $ | (15,437 | ) | $ | (24,599 | ) | $ | 37,207 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (12,463 | ) | — |  | — |  | (12,463 | )
Minimum pension liability adjustments, net |  | 213 |  | 413 |  | — |  | — |  | 626 |
Other comprehensive income (loss) |  | 213 |  | (12,050 | ) | — |  | — |  | (11,837 | )
Comprehensive income (loss) |  | $ | 37,420 |  | $ | 27,986 |  | $ | (15,437 | ) | $ | (24,599 | ) | $ | 25,370 |
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (in thousands)
|  | Six Months Ended March 31, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net income (loss) |  | $ | 357,151 |  | $ | 359,486 |  | $ | 11,670 |  | $ | (371,156 | ) | $ | 357,151 |
Other comprehensive income (loss), net of income taxes: |  |  |  |  |  |  |  |  |  |  |
Unrealized depreciation on securities, net |  | — |  | (43,447 | ) | — |  | — |  | (43,447 | )
Minimum pension liability adjustments, net |  | 164 |  | 229 |  | — |  | — |  | 393 |
Other comprehensive income (loss) |  | 164 |  | (43,218 | ) | — |  | — |  | (43,054 | )
Comprehensive income |  | $ | 357,315 |  | $ | 316,268 |  | $ | 11,670 |  | $ | (371,156 | ) | $ | 314,097 |
Schedule of Consolidated Condensed Balance Sheets | CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands)
|  | March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (1,900 | ) | $ | 885,570 |  | $ | 14,343 |  | $ | — |  | $ | 898,013 |
Short-term investments |  | — |  | 45,526 |  | — |  | — |  | 45,526 |
Accounts receivable, net of reserve |  | (13 | ) | 270,387 |  | 60,352 |  | — |  | 330,726 |
Inventories |  | — |  | 88,799 |  | 40,850 |  | — |  | 129,649 |
Prepaid expenses and other |  | 25,867 |  | 3,142 |  | 43,353 |  | (16,129 | ) | 56,233 |
Current assets of discontinued operations |  | — |  | — |  | 230 |  | — |  | 230 |
Total current assets |  | 23,954 |  | 1,293,424 |  | 159,128 |  | (16,129 | ) | 1,460,377 |
Investments |  | 12,205 |  | 71,158 |  | — |  | — |  | 83,363 |
Property, plant and equipment, net |  | 64,190 |  | 4,962,375 |  | 419,787 |  | — |  | 5,446,352 |
Intercompany |  | 15,144 |  | 1,310,646 |  | 262,269 |  | (1,588,059 | ) | — |
Other assets |  | 10,992 |  | 478 |  | 34,301 |  | (10,758 | ) | 35,013 |
Investment in subsidiaries |  | 5,653,326 |  | 211,418 |  | — |  | (5,864,744 | ) | — |
Total assets |  | $ | 5,779,811 |  | $ | 7,849,499 |  | $ | 875,485 |  | $ | (7,479,690 | ) | $ | 7,025,105 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt due within one year |  | $ | — |  | $ | 39,144 |  | $ | — |  | $ | — |  | $ | 39,144 |
Accounts payable |  | 78,165 |  | 10,529 |  | 2,743 |  | — |  | 91,437 |
Accrued liabilities |  | 11,388 |  | 193,249 |  | 52,157 |  | (16,129 | ) | 240,665 |
Current liabilities of discontinued operations |  | — |  | — |  | 82 |  | — |  | 82 |
Total current liabilities |  | 89,553 |  | 242,922 |  | 54,982 |  | (16,129 | ) | 371,328 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  | 492,919 |  | — |  | — |  | 492,919 |
Deferred income taxes |  | — |  | 1,267,164 |  | 22,258 |  | (10,758 | ) | 1,278,664 |
Intercompany |  | 890,370 |  | 183,734 |  | 513,855 |  | (1,587,959 | ) | — |
Other |  | 17,788 |  | 27,204 |  | 50,992 |  | — |  | 95,984 |
Noncurrent liabilities of discontinued operations |  | — |  | — |  | 4,110 |  | — |  | 4,110 |
Total noncurrent liabilities |  | 908,158 |  | 1,971,021 |  | 591,215 |  | (1,598,717 | ) | 1,871,677 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 11,136 |  | 100 |  | — |  | (100 | ) | 11,136 |
Additional paid-in capital |  | 436,117 |  | 46,832 |  | 393 |  | (47,225 | ) | 436,117 |
Retained earnings |  | 4,536,047 |  | 5,596,819 |  | 228,895 |  | (5,825,714 | ) | 4,536,047 |
Accumulated other comprehensive loss |  | (13,214 | ) | (8,195 | ) | — |  | 8,195 |  | (13,214 | )
Treasury stock, at cost |  | (187,986 | ) | — |  | — |  | — |  | (187,986 | )
Total shareholders’ equity |  | 4,782,100 |  | 5,635,556 |  | 229,288 |  | (5,864,844 | ) | 4,782,100 |
Total liabilities and shareholders’ equity |  | $ | 5,779,811 |  | 7,849,499 |  | $ | 875,485 |  | $ | (7,479,690 | ) | $ | 7,025,105 |
CONSOLIDATED CONDENSED BALANCE SHEETS (in thousands)
|  | September 30, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | (838 | ) | $ | 693,273 |  | $ | 36,949 |  | $ | — |  | $ | 729,384 |
Short-term investments |  | — |  | 45,543 |  | — |  | — |  | 45,543 |
Accounts receivable, net of reserve |  | 152 |  | 374,383 |  | 71,418 |  | (5 | ) | 445,948 |
Inventories |  | — |  | 88,010 |  | 40,531 |  | — |  | 128,541 |
Deferred income taxes |  | 2,834 |  | 19,277 |  | — |  | (4,905 | ) | 17,206 |
Prepaid expenses and other |  | 20,018 |  | 6,713 |  | 45,647 |  | (7,903 | ) | 64,475 |
Current assets of discontinued operations |  | — |  | — |  | 8,097 |  | — |  | 8,097 |
Total current assets |  | 22,166 |  | 1,227,199 |  | 202,642 |  | (12,813 | ) | 1,439,194 |
Investments |  | 12,871 |  | 91,483 |  | — |  | — |  | 104,354 |
Property, plant and equipment, net |  | 55,902 |  | 5,063,705 |  | 443,563 |  | — |  | 5,563,170 |
Intercompany |  | 15,875 |  | 1,192,634 |  | 230,652 |  | (1,439,161 | ) | — |
Other assets |  | 8,387 |  | 1,389 |  | 38,901 |  | (8,153 | ) | 40,524 |
Investment in subsidiaries |  | 5,623,754 |  | 227,587 |  | — |  | (5,851,341 | ) | — |
Total assets |  | $ | 5,738,955 |  | $ | 7,803,997 |  | $ | 915,758 |  | $ | (7,311,468 | ) | $ | 7,147,242 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt due within one year |  | $ | — |  | $ | 39,094 |  | $ | — |  | $ | — |  | $ | 39,094 |
Accounts payable |  | 80,673 |  | 20,404 |  | 7,097 |  | (5 | ) | 108,169 |
Accrued liabilities |  | 10,688 |  | 151,721 |  | 46,251 |  | (11,103 | ) | 197,557 |
Current liabilities of discontinued operations |  | — |  | — |  | 3,377 |  | — |  | 3,377 |
Total current liabilities |  | 91,361 |  | 211,219 |  | 56,725 |  | (11,108 | ) | 348,197 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | — |  | 492,443 |  | — |  | — |  | 492,443 |
Deferred income taxes |  | — |  | 1,275,428 |  | 33,546 |  | (13,058 | ) | 1,295,916 |
Intercompany |  | 733,008 |  | 186,784 |  | 516,169 |  | (1,435,961 | ) | — |
Other |  | 18,740 |  | 31,560 |  | 59,820 |  | — |  | 110,120 |
Noncurrent liabilities of discontinued operations |  | — |  | — |  | 4,720 |  | — |  | 4,720 |
Total noncurrent liabilities |  | 751,748 |  | 1,986,215 |  | 614,255 |  | (1,449,019 | ) | 1,903,199 |
Shareholders’ equity: |  |  |  |  |  |  |  |  |  |  |
Common stock |  | 11,099 |  | 100 |  | — |  | (100 | ) | 11,099 |
Additional paid-in capital |  | 420,141 |  | 45,824 |  | 349 |  | (46,173 | ) | 420,141 |
Retained earnings |  | 4,648,346 |  | 5,556,783 |  | 244,429 |  | (5,801,212 | ) | 4,648,346 |
Accumulated other comprehensive income (loss) |  | (1,377 | ) | 3,856 |  | — |  | (3,856 | ) | (1,377 | )
Treasury stock, at cost |  | (182,363 | ) | — |  | — |  | — |  | (182,363 | )
Total shareholders’ equity |  | 4,895,846 |  | 5,606,563 |  | 244,778 |  | (5,851,341 | ) | 4,895,846 |
Total liabilities and shareholders’ equity |  | $ | 5,738,955 |  | $ | 7,803,997 |  | $ | 915,758 |  | $ | (7,311,468 | ) | $ | 7,147,242 |
Schedule of Consolidated Condensed Statements of Cash Flows | CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (in thousands)
|  | Six Months Ended March 31, 2016 |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | 3,543 |  | $ | 510,685 |  | $ | (21,711 | ) | $ | — |  | $ | 492,517 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | (12,667 | ) | (165,291 | ) | (2,523 | ) | — |  | (180,481 | )
Intercompany transfers |  | 12,667 |  | (12,667 | ) | — |  | — |  | — |
Purchase of short-term investments |  | — |  | (21,869 | ) | — |  | — |  | (21,869 | )
Proceeds from sale of short-term investments |  | — |  | 21,676 |  | — |  | — |  | 21,676 |
Proceeds from asset sales |  | — |  | 8,131 |  | 1,584 |  | — |  | 9,715 |
Net cash used in investing activities |  | — |  | (170,020 | ) | (939 | ) | — |  | (170,959 | )
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  | (149,300 | ) | — |  | — |  | — |  | (149,300 | )
Intercompany transfers |  | 149,300 |  | (149,300 | ) | — |  | — |  | — |
Debt issuance costs |  | — |  | (32 | ) | — |  | — |  | (32 | )
Exercise of stock options, net of tax withholding |  | (199 | ) | — |  | — |  | — |  | (199 | )
Tax withholdings related to net share settlements of restricted stock |  | (3,617 | ) | — |  | — |  | — |  | (3,617 | )
Excess tax benefit from stock-based compensation |  | (789 | ) | 964 |  | 44 |  | — |  | 219 |
Net cash provided by (used in) financing activities |  | (4,605 | ) | (148,368 | ) | 44 |  | — |  | (152,929 | )
Net increase (decrease) in cash and cash equivalents |  | (1,062 | ) | 192,297 |  | (22,606 | ) | — |  | 168,629 |
Cash and cash equivalents, beginning of period |  | (838 | ) | 693,273 |  | 36,949 |  | — |  | 729,384 |
Cash and cash equivalents, end of period |  | $ | (1,900 | ) | $ | 885,570 |  | $ | 14,343 |  | $ | — |  | $ | 898,013 |
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (in thousands)
|  | Six Months Ended March 31, 2015, as adjusted |
|  | Guarantor/ |  | Issuer |  | Non-Guarantor |  |  |  | Total |
|  | Parent |  | Subsidiary |  | Subsidiaries |  | Eliminations |  | Consolidated |
Net cash provided by operating activities |  | $ | 64,996 |  | $ | 730,744 |  | $ | 20,828 |  | $ | — |  | $ | 816,568 |
INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | (11,571 | ) | (713,797 | ) | (40,661 | ) | — |  | (766,029 | )
Intercompany transfers |  | 11,571 |  | (11,571 | ) | — |  | — |  | — |
Proceeds from asset sales |  | 1 |  | 14,215 |  | 939 |  | — |  | 15,155 |
Net cash provided by (used in) investing activities |  | 1 |  | (711,153 | ) | (39,722 | ) | — |  | (750,874 | )
FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |
Proceeds from senior notes, net of discount |  | — |  | 497,125 |  | — |  | — |  | 497,125 |
Debt issuance costs |  | — |  | (4,334 | ) | — |  | — |  | (4,334 | )
Net increase in bank overdraft |  | — |  | — |  | 12,560 |  | — |  | 12,560 |
Dividends paid |  | (149,347 | ) | — |  | — |  | — |  | (149,347 | )
Intercompany transfers |  | 149,347 |  | (149,347 | ) | — |  | — |  | — |
Repurchase of common stock |  | (59,654 | ) | — |  | — |  | — |  | (59,654 | )
Exercise of stock options, net of tax withholding |  | (1,079 | ) | — |  | — |  | — |  | (1,079 | )
Tax withholdings related to net share settlements of restricted stock |  | (4,248 | ) | — |  | — |  | — |  | (4,248 | )
Excess tax benefit from stock-based compensation |  | 85 |  | 2,653 |  | 23 |  | — |  | 2,761 |
Net cash provided by (used in) financing activities |  | (64,896 | ) | 346,097 |  | 12,583 |  | — |  | 293,784 |
Net increase (decrease) in cash and cash equivalents |  | 101 |  | 365,688 |  | (6,311 | ) | — |  | 359,478 |
Cash and cash equivalents, beginning of period |  | (2,050 | ) | 329,655 |  | 32,702 |  | — |  | 360,307 |
Cash and cash equivalents, end of period |  | $ | (1,949 | ) | $ | 695,343 |  | $ | 26,391 |  | $ | — |  | $ | 719,785 |

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