XML 79 R51.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Subsidiary Guarantors (Tables) | 12 Months Ended
--- | ---
Apr. 30, 2013
Schedule of Condensed Consolidating Balance Sheet | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF APRIL 30, 2013 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS : |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,260 |  |  | $ | 253 |  |  | $ | 242 |  |  | $ | - |  |  | $ | 1,755 |
Accounts receivable - trade, net of allowance for doubtful accounts |  |  | 571 |  |  |  | 47,644 |  |  |  | 474 |  |  |  | - |  |  |  | 48,689 |
Refundable income taxes |  |  | 128 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 128 |
Deferred income taxes |  |  | 238 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 238 |
Other current assets |  |  | 1,837 |  |  |  | 8,284 |  |  |  | 61 |  |  |  | - |  |  |  | 10,182 |
Current assets held-for-sale |  |  | - |  |  |  | 61 |  |  |  | - |  |  |  | - |  |  |  | 61 |
Total current assets |  |  | 4,034 |  |  |  | 56,242 |  |  |  | 777 |  |  |  | - |  |  |  | 61,053 |
Property, plant and equipment, net of accumulated depreciation and amortization |  |  | 2,771 |  |  |  | 411,284 |  |  |  | 8,447 |  |  |  | - |  |  |  | 422,502 |
Goodwill |  |  | - |  |  |  | 115,928 |  |  |  | - |  |  |  | - |  |  |  | 115,928 |
Intangible assets, net |  |  | 249 |  |  |  | 11,425 |  |  |  | - |  |  |  | - |  |  |  | 11,674 |
Restricted assets |  |  | - |  |  |  | 545 |  |  |  | - |  |  |  | - |  |  |  | 545 |
Investments in unconsolidated entities |  |  | 16,486 |  |  |  | 2,189 |  |  |  | 3,509 |  |  |  | (1,932) |  |  |  | 20,252 |
Investments in subsidiaries |  |  | (59,759) |  |  |  | - |  |  |  | - |  |  |  | 59,759 |  |  |  | - |
Other non-current assets |  |  | 15,921 |  |  |  | 11,752 |  |  |  | - |  |  |  | - |  |  |  | 27,673 |
|  |  | (24,332) |  |  |  | 553,123 |  |  |  | 11,956 |  |  |  | 57,827 |  |  |  | 598,574 |
Intercompany receivable |  |  | 580,328 |  |  |  | (539,752) |  |  |  | (42,508) |  |  |  | 1,932 |  |  |  | - |
|  | $ | 560,030 |  |  | $ | 69,613 |  |  | $ | (29,775) |  |  | $ | 59,759 |  |  | $ | 659,627 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | - |  |  | $ | 857 |  |  | $ | - |  |  | $ | - |  |  | $ | 857 |
Current maturities of financing lease obligations |  |  | - |  |  |  | 361 |  |  |  | - |  |  |  | - |  |  |  | 361 |
Accounts payable |  |  | 23,492 |  |  |  | 27,847 |  |  |  | 635 |  |  |  | - |  |  |  | 51,974 |
Accrued interest |  |  | 6,071 |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 6,074 |
Current accrued capping, closure and post-closure costs |  |  | - |  |  |  | 3,832 |  |  |  | 3 |  |  |  | - |  |  |  | 3,835 |
Other current liabilities |  |  | 10,539 |  |  |  | 14,341 |  |  |  | 117 |  |  |  | - |  |  |  | 24,997 |
Total current liabilities |  |  | 40,102 |  |  |  | 47,241 |  |  |  | 755 |  |  |  | - |  |  |  | 88,098 |
Long-term debt and capital leases, less current maturities |  |  | 492,965 |  |  |  | 566 |  |  |  | - |  |  |  | - |  |  |  | 493,531 |
Financing lease obligations, less current maturities |  |  | - |  |  |  | 1,456 |  |  |  | - |  |  |  | - |  |  |  | 1,456 |
Accrued capping, closure and post-closure costs, less current portion |  |  | - |  |  |  | 39,298 |  |  |  | 37 |  |  |  | - |  |  |  | 39,335 |
Deferred income taxes |  |  | 3,306 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,306 |
Other long-term liabilities |  |  | 12,372 |  |  |  | 6,078 |  |  |  | - |  |  |  | - |  |  |  | 18,450 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Authorized - 100,000,000 shares, $ 0.01 par value per share, issued and outstanding - 38,662,000 shares |  |  | 387 |  |  |  | 100 |  |  |  | - |  |  |  | (100) |  |  |  | 387 |
Class B common stock - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Authorized - 1,000,000 shares, $ 0.01 par value per share, 10 votes per share, issued and outstanding - 988,000 shares |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |
Additional paid-in capital |  |  | 335,857 |  |  |  | 43,897 |  |  |  | 4,797 |  |  |  | (48,694) |  |  |  | 335,857 |
Accumulated deficit |  |  | (324,377) |  |  |  | (69,051) |  |  |  | (38,910) |  |  |  | 107,961 |  |  |  | (324,377) |
Accumulated other comprehensive income (loss) |  |  | (592) |  |  |  | 28 |  |  |  | (620) |  |  |  | 592 |  |  |  | (592) |
Total Casella Waste Systems, Inc. stockholders’ equity |  |  | 11,285 |  |  |  | (25,026) |  |  |  | (34,733) |  |  |  | 59,759 |  |  |  | 11,285 |
Noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 4,166 |  |  |  | - |  |  |  | 4,166 |
Total stockholders’ equity |  |  | 11,285 |  |  |  | (25,026) |  |  |  | (30,567) |  |  |  | 59,759 |  |  |  | 15,451 |
|  | $ | 560,030 |  |  | $ | 69,613 |  |  | $ | (29,775) |  |  | $ | 59,759 |  |  | $ | 659,627 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF APRIL 30, 2012 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,799 |  |  | $ | 368 |  |  | $ | 367 |  |  | $ | - |  |  | $ | 4,534 |
Accounts receivable - trade, net of allowance for doubtful accounts |  |  | 652 |  |  |  | 46,820 |  |  |  | - |  |  |  | - |  |  |  | 47,472 |
Refundable income taxes |  |  | 1,281 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,281 |
Deferred income taxes |  |  | 3,712 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,712 |
Other current assets |  |  | 1,903 |  |  |  | 8,362 |  |  |  | - |  |  |  | - |  |  |  | 10,265 |
Current assets held for sale |  |  | - |  |  |  | 92 |  |  |  | - |  |  |  | - |  |  |  | 92 |
Total current assets |  |  | 11,347 |  |  |  | 55,642 |  |  |  | 367 |  |  |  | - |  |  |  | 67,356 |
Property, plant and equipment, net of accumulated depreciation and amortization |  |  | 3,486 |  |  |  | 407,332 |  |  |  | 3,848 |  |  |  | - |  |  |  | 414,666 |
Goodwill |  |  | - |  |  |  | 101,706 |  |  |  | - |  |  |  | - |  |  |  | 101,706 |
Intangible assets, net |  |  | 340 |  |  |  | 2,630 |  |  |  | - |  |  |  | - |  |  |  | 2,970 |
Restricted assets |  |  | - |  |  |  | 424 |  |  |  | - |  |  |  | - |  |  |  | 424 |
Investments in unconsolidated entities |  |  | 15,986 |  |  |  | 2,225 |  |  |  | 6,502 |  |  |  | (1,932) |  |  |  | 22,781 |
Investments in subsidiaries |  |  | (34,443) |  |  |  | - |  |  |  | - |  |  |  | 34,443 |  |  |  | - |
Other non-current assets |  |  | 15,778 |  |  |  | 6,011 |  |  |  | - |  |  |  | - |  |  |  | 21,789 |
Non-current assets held-for-sale |  |  | - |  |  |  | 2,051 |  |  |  | - |  |  |  | - |  |  |  | 2,051 |
|  |  | 1,147 |  |  |  | 522,379 |  |  |  | 10,350 |  |  |  | 32,511 |  |  |  | 566,387 |
Intercompany receivable |  |  | 532,950 |  |  |  | (494,819) |  |  |  | (40,063) |  |  |  | 1,932 |  |  |  | - |
|  | $ | 545,444 |  |  | $ | 83,202 |  |  | $ | (29,346) |  |  | $ | 34,443 |  |  | $ | 633,743 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 142 |  |  | $ | 1,086 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,228 |
Current maturities of financing lease obligations |  |  | - |  |  |  | 338 |  |  |  | - |  |  |  | - |  |  |  | 338 |
Accounts payable |  |  | 21,952 |  |  |  | 24,757 |  |  |  | - |  |  |  | - |  |  |  | 46,709 |
Accrued interest |  |  | 9,800 |  |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 9,803 |
Current accrued capping, closure and post-closure costs |  |  | - |  |  |  | 4,907 |  |  |  | - |  |  |  | - |  |  |  | 4,907 |
Other current liabilities |  |  | 13,938 |  |  |  | 3,780 |  |  |  | 543 |  |  |  | - |  |  |  | 18,261 |
Total current liabilities |  |  | 45,832 |  |  |  | 34,871 |  |  |  | 543 |  |  |  | - |  |  |  | 81,246 |
Long-term debt and capital leases, less current maturities |  |  | 472,028 |  |  |  | 1,353 |  |  |  | - |  |  |  | - |  |  |  | 473,381 |
Financing lease obligations, less current maturities |  |  | - |  |  |  | 1,818 |  |  |  | - |  |  |  | - |  |  |  | 1,818 |
Accrued capping, closure and post-closure costs, less current portion |  |  | - |  |  |  | 34,681 |  |  |  | 41 |  |  |  | - |  |  |  | 34,722 |
Deferred income taxes |  |  | 5,336 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5,336 |
Other long-term liabilities |  |  | 5,817 |  |  |  | 13,192 |  |  |  | - |  |  |  | - |  |  |  | 19,009 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Authorized - 100,000,000 shares, $0.01 par value per share, issued and outstanding - 25,991,000 shares |  |  | 260 |  |  |  | 100 |  |  |  | - |  |  |  | (100) |  |  |  | 260 |
Class B common stock- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Authorized - 1,000,000 shares, $0.01 par value per share, 10 votes per share, issued and outstanding - 988,000 shares |  |  | 10 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10 |
Additional paid-in capital |  |  | 288,348 |  |  |  | 46,279 |  |  |  | 1,998 |  |  |  | (48,277) |  |  |  | 288,348 |
Accumulated deficit |  |  | (270,235) |  |  |  | (49,097) |  |  |  | (34,140) |  |  |  | 83,237 |  |  |  | (270,235) |
Accumulated other comprehensive income (loss) |  |  | (1,952) |  |  |  | 5 |  |  |  | 412 |  |  |  | (417) |  |  |  | (1,952) |
Total Casella Waste Systems, Inc. stockholders’ equity |  |  | 16,431 |  |  |  | (2,713) |  |  |  | (31,730) |  |  |  | 34,443 |  |  |  | 16,431 |
Noncontrolling interests |  |  | - |  |  |  | - |  |  |  | 1,800 |  |  |  | - |  |  |  | 1,800 |
Total stockholders’ equity |  |  | 16,431 |  |  |  | (2,713) |  |  |  | (29,930) |  |  |  | 34,443 |  |  |  | 18,231 |
|  | $ | 545,444 |  |  | $ | 83,202 |  |  | $ | (29,346) |  |  | $ | 34,443 |  |  | $ | 633,743 |
Schedule of Consolidating Statement of Operations | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS FISCAL YEAR ENDED APRIL 30, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | - |  |  | $ | 453,589 |  |  | $ | 1,746 |  |  | $ | - |  |  | $ | 455,335 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (295 | ) |  |  | 321,382 |  |  |  | 1,927 |  |  |  | - |  |  |  | 323,014 |
General and administration |  |  | 220 |  |  |  | 57,898 |  |  |  | 87 |  |  |  | - |  |  |  | 58,205 |
Depreciation and amortization |  |  | 1,017 |  |  |  | 55,142 |  |  |  | 417 |  |  |  | - |  |  |  | 56,576 |
Severance and reorganization costs |  |  | 1,766 |  |  |  | 1,943 |  |  |  | - |  |  |  | - |  |  |  | 3,709 |
Expense from divestiture, acquisition and financing costs |  |  | 303 |  |  |  | 1,107 |  |  |  | - |  |  |  | - |  |  |  | 1,410 |
|  |  | 3,011 |  |  |  | 437,472 |  |  |  | 2,431 |  |  |  | - |  |  |  | 442,914 |
Operating income (loss) |  |  | (3,011 | ) |  |  | 16,117 |  |  |  | (685 | ) |  |  | - |  |  |  | 12,421 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (32,896 | ) |  |  | (113 | ) |  |  | - |  |  |  | 32,868 |  |  |  | (141 | )
Interest expense |  |  | 42,405 |  |  |  | 32,033 |  |  |  | - |  |  |  | (32,868 | ) |  |  | 41,570 |
Loss (income) from equity method investments |  |  | 24,723 |  |  |  | 36 |  |  |  | 4,405 |  |  |  | (24,723 | ) |  |  | 4,441 |
Loss on derivative instruments |  |  | 4,512 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4,512 |
Loss on debt extinguishment |  |  | 15,584 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15,584 |
Other income |  |  | (671 | ) |  |  | (365 | ) |  |  | - |  |  |  | - |  |  |  | (1,036 | )
Other expense, net |  |  | 53,657 |  |  |  | 31,591 |  |  |  | 4,405 |  |  |  | (24,723 | ) |  |  | 64,930 |
Income (loss) from continuing operations before income taxes |  |  | (56,668 | ) |  |  | (15,474 | ) |  |  | (5,090 | ) |  |  | 24,723 |  |  |  | (52,509 | )
Provision (benefit) for income taxes |  |  | (2,526 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (2,526 | )
Income (loss) from continuing operations |  |  | (54,142 | ) |  |  | (15,474 | ) |  |  | (5,090 | ) |  |  | 24,723 |  |  |  | (49,983 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | - |  |  |  | (4,480 | ) |  |  | - |  |  |  | - |  |  |  | (4,480 | )
Net income (loss) |  |  | (54,142 | ) |  |  | (19,954 | ) |  |  | (5,090 | ) |  |  | 24,723 |  |  |  | (54,463 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (321 | ) |  |  | - |  |  |  | (321 | )
Net income (loss) attributable to common stockholders |  | $ | (54,142 | ) |  | $ | (19,954 | ) |  | $ | (4,769 | ) |  | $ | 24,723 |  |  | $ | (54,142 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS FISCAL YEAR ENDED APRIL 30, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | - |  |  | $ | 467,950 |  |  | $ | - |  |  | $ | - |  |  | $ | 467,950 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 16 |  |  |  | 318,047 |  |  |  | 5 |  |  |  | - |  |  |  | 318,068 |
General and administration |  |  | 576 |  |  |  | 59,677 |  |  |  | 11 |  |  |  | - |  |  |  | 60,264 |
Depreciation and amortization |  |  | 1,568 |  |  |  | 56,850 |  |  |  | (3) |  |  |  | - |  |  |  | 58,415 |
Asset impairment charge |  |  | - |  |  |  | 40,746 |  |  |  | - |  |  |  | - |  |  |  | 40,746 |
Legal settlement |  |  | 1,000 |  |  |  | 359 |  |  |  | - |  |  |  | - |  |  |  | 1,359 |
Development project charge |  |  | - |  |  |  | 131 |  |  |  | - |  |  |  | - |  |  |  | 131 |
|  |  | 3,160 |  |  |  | 475,810 |  |  |  | 13 |  |  |  | - |  |  |  | 478,983 |
Operating income (loss) |  |  | (3,160) |  |  |  | (7,860) |  |  |  | (13) |  |  |  | - |  |  |  | (11,033) |
Other expense/(income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (39,871) |  |  |  | (34) |  |  |  | - |  |  |  | 39,863 |  |  |  | (42) |
Interest expense |  |  | 46,058 |  |  |  | 38,813 |  |  |  | - |  |  |  | (39,863) |  |  |  | 45,008 |
Loss (income) from equity method investments |  |  | 66,832 |  |  |  | (7) |  |  |  | 10,001 |  |  |  | (66,832) |  |  |  | 9,994 |
Impairment of equity method investment |  |  | - |  |  |  | - |  |  |  | 10,680 |  |  |  | - |  |  |  | 10,680 |
Loss on debt extinguishment |  |  | 300 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 300 |
Other income |  |  | (486) |  |  |  | (377) |  |  |  | - |  |  |  | - |  |  |  | (863) |
Other expense, net |  |  | 72,833 |  |  |  | 38,395 |  |  |  | 20,681 |  |  |  | (66,832) |  |  |  | 65,077 |
Income (loss) from continuing operations before income taxes |  |  | (75,993) |  |  |  | (46,255) |  |  |  | (20,694) |  |  |  | 66,832 |  |  |  | (76,110) |
Provision (benefit) for income taxes |  |  | 1,593 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,593 |
Income (loss) from continuing operations |  |  | (77,586) |  |  |  | (46,255) |  |  |  | (20,694) |  |  |  | 66,832 |  |  |  | (77,703) |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | - |  |  |  | (614) |  |  |  | - |  |  |  | - |  |  |  | (614) |
Gain (loss) on disposal of discontinued operations, net of tax |  |  | - |  |  |  | 725 |  |  |  | - |  |  |  | - |  |  |  | 725 |
Net income (loss) |  |  | (77,586) |  |  |  | (46,144) |  |  |  | (20,694) |  |  |  | 66,832 |  |  |  | (77,592) |
Less: Net income (loss) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (6) |  |  |  | - |  |  |  | (6) |
Net income (loss) attributable to common stockholders |  | $ | (77,586) |  |  | $ | (46,144) |  |  | $ | (20,688) |  |  | $ | 66,832 |  |  | $ | (77,586) |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS FISCAL YEAR ENDED APRIL 30, 2011 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | - |  |  | $ | 454,685 |  |  | $ | - |  |  | $ | - |  |  | $ | 454,685 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 73 |  |  |  | 305,938 |  |  |  | 3 |  |  |  | - |  |  |  | 306,014 |
General and administration |  |  | 873 |  |  |  | 62,519 |  |  |  | 4 |  |  |  | - |  |  |  | 63,396 |
Depreciation and amortization |  |  | 1,590 |  |  |  | 56,526 |  |  |  | 5 |  |  |  | - |  |  |  | 58,121 |
Asset impairment charge |  |  | - |  |  |  | 3,654 |  |  |  | - |  |  |  | - |  |  |  | 3,654 |
Environmental remediation charge |  |  | - |  |  |  | 549 |  |  |  | - |  |  |  | - |  |  |  | 549 |
Bargain purchase gain |  |  | - |  |  |  | (2,975) |  |  |  | - |  |  |  | - |  |  |  | (2,975) |
Gain on sale of assets |  |  | - |  |  |  | (3,502) |  |  |  | - |  |  |  | - |  |  |  | (3,502) |
|  |  | 2,536 |  |  |  | 422,709 |  |  |  | 12 |  |  |  | - |  |  |  | 425,257 |
Operating income (loss) |  |  | (2,536) |  |  |  | 31,976 |  |  |  | (12) |  |  |  | - |  |  |  | 29,428 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (31,748) |  |  |  | (27) |  |  |  | - |  |  |  | 31,721 |  |  |  | (54) |
Interest expense |  |  | 86,074 |  |  |  | (8,810) |  |  |  | - |  |  |  | (31,721) |  |  |  | 45,543 |
Loss (income) from equity method investments |  |  | (78,357) |  |  |  | - |  |  |  | 4,096 |  |  |  | 78,357 |  |  |  | 4,096 |
Loss on debt extinguishment |  |  | 7,276 |  |  |  | 114 |  |  |  | - |  |  |  | - |  |  |  | 7,390 |
Other income |  |  | (486) |  |  |  | (374) |  |  |  | - |  |  |  | - |  |  |  | (860) |
Other expense, net |  |  | (17,241) |  |  |  | (9,097) |  |  |  | 4,096 |  |  |  | 78,357 |  |  |  | 56,115 |
Income (loss) from continuing operations before income taxes |  |  | 14,705 |  |  |  | 41,073 |  |  |  | (4,108) |  |  |  | (78,357) |  |  |  | (26,687) |
Provision (benefit) for income taxes |  |  | (23,723) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (23,723) |
Income (loss) from continuing operations |  |  | 38,428 |  |  |  | 41,073 |  |  |  | (4,108) |  |  |  | (78,357) |  |  |  | (2,964) |
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | - |  |  |  | (2,198) |  |  |  | - |  |  |  | - |  |  |  | (2,198) |
Gain (loss) on disposal of discontinued operations, net of tax |  |  | - |  |  |  | 43,590 |  |  |  | - |  |  |  | - |  |  |  | 43,590 |
Net income (loss) attributable to common stockholders |  | $ | 38,428 |  |  | $ | 82,465 |  |  | $ | (4,108) |  |  | $ | (78,357) |  |  | $ | 38,428 |
Schedule of Consolidating Statement of Comprehensive Income (Loss) | CASELLA WASTE SYSTEMS , INC . AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FISCAL YEAR ENDED APRIL 30, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (54,142) |  |  | $ | (19,954) |  |  | $ | (5,090) |  |  | $ | 24,723 |  |  | $ | (54,463) |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax |  |  | (1,257) |  |  |  | - |  |  |  | (1,653) |  |  |  | - |  |  |  | (2,910) |
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax |  |  | 3,626 |  |  |  | - |  |  |  | 621 |  |  |  | - |  |  |  | 4,247 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | - |  |  |  | 23 |  |  |  | - |  |  |  | - |  |  |  | 23 |
Other comprehensive income (loss) |  |  | 2,369 |  |  |  | 23 |  |  |  | (1,032) |  |  |  | - |  |  |  | 1,360 |
Comprehensive income (loss) |  |  | (51,773) |  |  |  | (19,931) |  |  |  | (6,122) |  |  |  | 24,723 |  |  |  | (53,103) |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (321) |  |  |  | - |  |  |  | (321) |
Comprehensive income (loss) attributable to common stockholders |  | $ | (51,773) |  |  | $ | (19,931) |  |  | $ | (5,801) |  |  | $ | 24,723 |  |  | $ | (52,782) |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) FISCAL YEAR ENDED APRIL 30, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (77,586) |  |  | $ | (46,144) |  |  | $ | (20,694) |  |  | $ | 66,832 |  |  | $ | (77,592) |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax |  |  | (2,253) |  |  |  | - |  |  |  | 504 |  |  |  | - |  |  |  | (1,749) |
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax |  |  | (77) |  |  |  | - |  |  |  | (501) |  |  |  | - |  |  |  | (578) |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | - |  |  |  | (3) |  |  |  | - |  |  |  | - |  |  |  | (3) |
Other comprehensive income (loss), net of tax |  |  | (2,330) |  |  |  | (3) |  |  |  | 3 |  |  |  | - |  |  |  | (2,330) |
Comprehensive income (loss) |  |  | (79,916) |  |  |  | (46,147) |  |  |  | (20,691) |  |  |  | 66,832 |  |  |  | (79,922) |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | (6) |  |  |  | - |  |  |  | (6) |
Comprehensive income (loss) attributable to common stockholders |  | $ | (79,916) |  |  | $ | (46,147) |  |  | $ | (20,685) |  |  | $ | 66,832 |  |  | $ | (79,916) |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS ) FISCAL YEAR ENDED APRIL 3 0, 2011 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | 38,428 |  |  | $ | 82,465 |  |  | $ | (4,108) |  |  | $ | (78,357) |  |  | $ | 38,428 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net of tax |  |  | 1,607 |  |  |  | - |  |  |  | 279 |  |  |  | - |  |  |  | 1,886 |
Realized loss (gain) on derivative instruments reclassified into earnings, net of tax |  |  | (975) |  |  |  | - |  |  |  | 268 |  |  |  | - |  |  |  | (707) |
Unrealized gain (loss) resulting from changes in fair value of marketable securities, net of tax |  |  | - |  |  |  | (16) |  |  |  | - |  |  |  | - |  |  |  | (16) |
Other comprehensive income (loss), net of tax |  |  | 632 |  |  |  | (16) |  |  |  | 547 |  |  |  | - |  |  |  | 1,163 |
Comprehensive income (loss) attributable to common stockholders |  | $ | 39,060 |  |  | $ | 82,449 |  |  | $ | (3,561) |  |  | $ | (78,357) |  |  | $ | 39,591 |
Schedule of Condensed Consolidating Statement of Cashflows | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FISCAL YEAR ENDED APRIL 30, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (5,319) |  |  | $ | 50,482 |  |  | $ | (1,302) |  |  | $ | - |  |  | $ | 43,861 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | - |  |  |  | (25,225) |  |  |  | - |  |  |  | - |  |  |  | (25,225) |
Additions to property, plant and equipment - acquisitions |  |  | - |  |  |  | (1,746) |  |  |  | - |  |  |  | - |  |  |  | (1,746) |
- growth |  |  | - |  |  |  | (7,172) |  |  |  | (5,020) |  |  |  | - |  |  |  | (12,192) |
- maintenance |  |  | (203) |  |  |  | (40,620) |  |  |  | - |  |  |  | - |  |  |  | (40,823) |
Payments on landfill operating lease contracts |  |  | - |  |  |  | (6,261) |  |  |  | - |  |  |  | - |  |  |  | (6,261) |
Payment for capital related to divestiture |  |  | - |  |  |  | (618) |  |  |  | - |  |  |  | - |  |  |  | (618) |
Investments in unconsolidated entities |  |  | (4,166) |  |  |  | (2,707) |  |  |  | 3,666 |  |  |  | - |  |  |  | (3,207) |
Proceeds from sale of property and equipment |  |  | - |  |  |  | 883 |  |  |  | - |  |  |  | - |  |  |  | 883 |
Net cash provided by (used in) investing activities |  |  | (4,369) |  |  |  | (83,466) |  |  |  | (1,354) |  |  |  | - |  |  |  | (89,189) |
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 334,497 |  |  |  | 41,849 |  |  |  | - |  |  |  | - |  |  |  | 376,346 |
Principal payments on long-term debt |  |  | (359,342) |  |  |  | (1,516) |  |  |  | - |  |  |  | - |  |  |  | (360,858) |
Payment of tender premium on second lien notes |  |  | (10,743) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (10,743) |
Payment of financing costs |  |  | (4,609) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (4,609) |
Net proceeds from the sale of class A common stock |  |  | 42,184 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 42,184 |
Contributions from noncontrolling interest holders |  |  | - |  |  |  | - |  |  |  | 2,531 |  |  |  | - |  |  |  | 2,531 |
Other |  |  | 96 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 96 |
Intercompany borrowings |  |  | 5,066 |  |  |  | (5,066) |  |  |  | - |  |  |  | - |  |  |  | - |
Net cash provided by (used in) financing activities |  |  | 7,149 |  |  |  | 35,267 |  |  |  | 2,531 |  |  |  | - |  |  |  | 44,947 |
Net cash provided by (used in) discontinued operations |  |  | - |  |  |  | (2,398) |  |  |  | - |  |  |  | - |  |  |  | (2,398) |
Net increase (decrease) in cash and cash equivalents |  |  | (2,539) |  |  |  | (115) |  |  |  | (125) |  |  |  | - |  |  |  | (2,779) |
Cash and cash equivalents, beginning of period |  |  | 3,799 |  |  |  | 368 |  |  |  | 367 |  |  |  | - |  |  |  | 4,534 |
Cash and cash equivalents, end of period |  | $ | 1,260 |  |  | $ | 253 |  |  | $ | 242 |  |  | $ | - |  |  | $ | 1,755 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FISCAL YEAR ENDED APRIL 30, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | 4,552 |  |  | $ | 59,088 |  |  | $ | 531 |  |  | $ | - |  |  | $ | 64,171 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | - |  |  |  | (2,102) |  |  |  | - |  |  |  | - |  |  |  | (2,102) |
Additions to property, plant and equipment - acquisitions |  |  | - |  |  |  | (529) |  |  |  | - |  |  |  | - |  |  |  | (529) |
- growth |  |  | - |  |  |  | (9,632) |  |  |  | (2,579) |  |  |  | - |  |  |  | (12,211) |
- maintenance |  |  | (574) |  |  |  | (44,889) |  |  |  | - |  |  |  | - |  |  |  | (45,463) |
Payments on landfill operating lease contracts |  |  | - |  |  |  | (6,616) |  |  |  | - |  |  |  | - |  |  |  | (6,616) |
Investments in unconsolidated entities |  |  | (2,740) |  |  |  | (4,184) |  |  |  | 1,879 |  |  |  | - |  |  |  | (5,045) |
Proceeds from sale of property and equipment |  |  | - |  |  |  | 1,492 |  |  |  | - |  |  |  | - |  |  |  | 1,492 |
Net cash provided by (used in) investing activities |  |  | (3,314) |  |  |  | (66,460) |  |  |  | (700) |  |  |  | - |  |  |  | (70,474) |
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 163,500 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 163,500 |
Principal payments on long-term debt |  |  | (151,390) |  |  |  | (1,416) |  |  |  | - |  |  |  | - |  |  |  | (152,806) |
Payments of financing costs |  |  | (1,592) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,592) |
Contributions from noncontrolling interest holders |  |  | - |  |  |  | - |  |  |  | 536 |  |  |  | - |  |  |  | 536 |
Other |  |  | 591 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 591 |
Intercompany borrowings |  |  | (10,079) |  |  |  | 10,079 |  |  |  | - |  |  |  | - |  |  |  | - |
Net cash provided by (used in) financing activities |  |  | 1,030 |  |  |  | 8,663 |  |  |  | 536 |  |  |  | - |  |  |  | 10,229 |
Net cash provided by (used in) discontinued operations |  |  | - |  |  |  | (1,209) |  |  |  | - |  |  |  | - |  |  |  | (1,209) |
Net increase (decrease) in cash and cash equivalents |  |  | 2,268 |  |  |  | 82 |  |  |  | 367 |  |  |  | - |  |  |  | 2,717 |
Cash and cash equivalents, beginning of period |  |  | 1,531 |  |  |  | 286 |  |  |  | - |  |  |  | - |  |  |  | 1,817 |
Cash and cash equivalents, end of period |  | $ | 3,799 |  |  | $ | 368 |  |  | $ | 367 |  |  | $ | - |  |  | $ | 4,534 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FISCAL YEAR ENDED APRIL 30, 2011 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non - Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (49,944) |  |  | $ | 97,605 |  |  | $ | 548 |  |  | $ | - |  |  | $ | 48,209 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | - |  |  |  | (1,744) |  |  |  | - |  |  |  | - |  |  |  | (1,744) |
Additions to property, plant and equipment - acquisitions |  |  | - |  |  |  | (5) |  |  |  | - |  |  |  | - |  |  |  | (5) |
- growth |  |  | - |  |  |  | (2,803) |  |  |  | - |  |  |  | - |  |  |  | (2,803) |
- maintenance |  |  | (2,328) |  |  |  | (49,452) |  |  |  | - |  |  |  | - |  |  |  | (51,780) |
Payments on landfill operating lease contracts |  |  | - |  |  |  | (5,655) |  |  |  | - |  |  |  | - |  |  |  | (5,655) |
Purchase of gas rights |  |  | - |  |  |  | (1,608) |  |  |  | - |  |  |  | - |  |  |  | (1,608) |
Proceeds from sale of assets |  |  | - |  |  |  | 7,533 |  |  |  | - |  |  |  | - |  |  |  | 7,533 |
Proceeds from sale of property and equipment |  |  | - |  |  |  | 959 |  |  |  | - |  |  |  | - |  |  |  | 959 |
Investments in unconsolidated entities |  |  | 548 |  |  |  | - |  |  |  | (548) |  |  |  | - |  |  |  | - |
Net cash provided by (used in) investing activities |  |  | (1,780) |  |  |  | (52,775) |  |  |  | (548) |  |  |  | - |  |  |  | (55,103) |
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 382,899 |  |  |  | 858 |  |  |  | - |  |  |  | - |  |  |  | 383,757 |
Principal payments on long-term debt |  |  | (490,254) |  |  |  | (1,415) |  |  |  | - |  |  |  | - |  |  |  | (491,669) |
Payments of financing costs |  |  | (10,588) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (10,588) |
Other |  |  | 605 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 605 |
Intercompany borrowings |  |  | 169,359 |  |  |  | (169,359) |  |  |  | - |  |  |  | - |  |  |  | - |
Net cash provided by (used in) financing activities |  |  | 52,021 |  |  |  | (169,916) |  |  |  | - |  |  |  | - |  |  |  | (117,895) |
Net cash provided by (used in) discontinued operations |  |  | - |  |  |  | 124,571 |  |  |  | - |  |  |  | - |  |  |  | 124,571 |
Net increase (decrease) in cash and cash equivalents |  |  | 297 |  |  |  | (515) |  |  |  | - |  |  |  | - |  |  |  | (218) |
Cash and cash equivalents, beginning of period |  |  | 1,234 |  |  |  | 801 |  |  |  | - |  |  |  | - |  |  |  | 2,035 |
Cash and cash equivalents, end of period |  | $ | 1,531 |  |  | $ | 286 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,817 |

X
- Definition Tabular disclosure of consolidating statement of comprehensive income (loss). + References No definition available. + Details
Name: | cwst_ScheduleOfCondensedComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | cwst_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed cash flow statement. Disclosure may include, but is not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration