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Subsidiary Guarantors (Tables) | 6 Months Ended
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Oct. 31, 2013
Organization Consolidation And Presentation Of Financial Statements [Abstract] |
Schedule of Consolidating Balance Sheet | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF OCTOBER 31, 2013 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,545 |  |  | $ | 233 |  |  | $ | 175 |  |  | $ | — |  |  | $ | 4,953 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 221 |  |  |  | 53,812 |  |  |  | 242 |  |  |  | — |  |  |  | 54,275 |
Refundable income taxes |  |  | 637 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 637 |
Prepaid expenses |  |  | 2,718 |  |  |  | 5,114 |  |  |  | 20 |  |  |  | — |  |  |  | 7,852 |
Inventory |  |  | — |  |  |  | 3,986 |  |  |  | 54 |  |  |  | — |  |  |  | 4,040 |
Deferred income taxes |  |  | 3,235 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,235 |
Other current assets |  |  | 392 |  |  |  | 610 |  |  |  | 7 |  |  |  | — |  |  |  | 1,009 |
Current assets of discontinued operations |  |  | — |  |  |  | 364 |  |  |  | — |  |  |  | — |  |  |  | 364 |
Total current assets |  |  | 11,748 |  |  |  | 64,195 |  |  |  | 498 |  |  |  | — |  |  |  | 76,441 |
Property, plant and equipment, net |  |  | 4,716 |  |  |  | 409,193 |  |  |  | 8,498 |  |  |  | — |  |  |  | 422,407 |
Goodwill |  |  | — |  |  |  | 118,257 |  |  |  | — |  |  |  | — |  |  |  | 118,257 |
Intangible assets, net |  |  | 204 |  |  |  | 12,226 |  |  |  | — |  |  |  | — |  |  |  | 12,430 |
Restricted assets |  |  | — |  |  |  | 645 |  |  |  | — |  |  |  | — |  |  |  | 645 |
Notes receivable - related party |  |  | 149 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 149 |
Investments in unconsolidated entities |  |  | 16,487 |  |  |  | 2,223 |  |  |  | 2,439 |  |  |  | (1,932 | ) |  |  | 19,217 |
Investments in subsidiaries |  |  | (39,829 | ) |  |  | — |  |  |  | — |  |  |  | 39,829 |  |  |  | — |
Other non-current assets |  |  | 15,384 |  |  |  | 11,947 |  |  |  | — |  |  |  | — |  |  |  | 27,331 |
Non-current assets of discontinued operations |  |  | — |  |  |  | 1,636 |  |  |  | — |  |  |  | — |  |  |  | 1,636 |
|  |  | (2,889 | ) |  |  | 556,127 |  |  |  | 10,937 |  |  |  | 37,897 |  |  |  | 602,072 |
Intercompany receivable |  |  | 561,776 |  |  |  | (521,125 | ) |  |  | (42,583 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 570,635 |  |  | $ | 99,197 |  |  | $ | (31,148 | ) |  | $ | 39,829 |  |  | $ | 678,513 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 81 |  |  | $ | 349 |  |  | $ | — |  |  | $ | — |  |  | $ | 430 |
Current maturities of financing lease obligations |  |  | — |  |  |  | 374 |  |  |  | — |  |  |  | — |  |  |  | 374 |
Accounts payable |  |  | 19,252 |  |  |  | 29,832 |  |  |  | 458 |  |  |  | — |  |  |  | 49,542 |
Accrued payroll and related expenses |  |  | 1,061 |  |  |  | 4,069 |  |  |  | 1 |  |  |  | — |  |  |  | 5,131 |
Accrued interest |  |  | 6,102 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 6,109 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 5,278 |  |  |  | 3 |  |  |  | — |  |  |  | 5,281 |
Other accrued liabilities |  |  | 8,353 |  |  |  | 13,886 |  |  |  | 474 |  |  |  | — |  |  |  | 22,713 |
Total current liabilities |  |  | 34,849 |  |  |  | 53,795 |  |  |  | 936 |  |  |  | — |  |  |  | 89,580 |
Long-term debt and capital leases, less current maturities |  |  | 505,595 |  |  |  | 1,564 |  |  |  | — |  |  |  | — |  |  |  | 507,159 |
Financing lease obligations, less current maturities |  |  | — |  |  |  | 1,266 |  |  |  | — |  |  |  | — |  |  |  | 1,266 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 40,661 |  |  |  | 39 |  |  |  | — |  |  |  | 40,700 |
Deferred income taxes |  |  | 6,868 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,868 |
Other long-term liabilities |  |  | 11,450 |  |  |  | 5,650 |  |  |  | — |  |  |  | — |  |  |  | 17,100 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity |  |  | 11,873 |  |  |  | (3,739 | ) |  |  | (36,090 | ) |  |  | 39,829 |  |  |  | 11,873 |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 3,967 |  |  |  | — |  |  |  | 3,967 |
Total stockholders’ equity |  |  | 11,873 |  |  |  | (3,739 | ) |  |  | (32,123 | ) |  |  | 39,829 |  |  |  | 15,840 |
|  | $ | 570,635 |  |  | $ | 99,197 |  |  | $ | (31,148 | ) |  | $ | 39,829 |  |  | $ | 678,513 |
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 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  |  |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 571 |  |  |  | 47,644 |  |  |  | 474 |  |  |  | — |  |  |  | 48,689 |
Refundable income taxes |  |  | 128 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 128 |
Prepaid expenses |  |  | 1,471 |  |  |  | 4,240 |  |  |  | — |  |  |  | — |  |  |  | 5,711 |
Inventory |  |  | — |  |  |  | 3,440 |  |  |  | 54 |  |  |  | — |  |  |  | 3,494 |
Deferred income taxes |  |  | 3,730 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,730 |
Other current assets |  |  | 366 |  |  |  | 528 |  |  |  | 7 |  |  |  | — |  |  |  | 901 |
Current assets of discontinued operations |  |  | — |  |  |  | 61 |  |  |  | — |  |  |  | — |  |  |  | 61 |
Total current assets |  |  | 7,526 |  |  |  | 56,242 |  |  |  | 777 |  |  |  | — |  |  |  | 64,545 |
Property, plant and equipment, net |  |  | 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 |
Notes receivable - related party/employee |  |  | 147 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 147 |
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 |  |  | 15,774 |  |  |  | 11,752 |  |  |  | — |  |  |  | — |  |  |  | 27,526 |
|  |  | (24,332 | ) |  |  | 553,123 |  |  |  | 11,956 |  |  |  | 57,827 |  |  |  | 598,574 |
Intercompany receivable |  |  | 580,328 |  |  |  | (539,752 | ) |  |  | (42,508 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 563,522 |  |  | $ | 69,613 |  |  | $ | (29,775 | ) |  | $ | 59,759 |  |  | $ | 663,119 |
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 payroll and related expenses |  |  | 538 |  |  |  | 3,445 |  |  |  | — |  |  |  | — |  |  |  | 3,983 |
Accrued interest |  |  | 6,071 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 6,074 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 3,832 |  |  |  | 3 |  |  |  | — |  |  |  | 3,835 |
Other accrued liabilities |  |  | 10,001 |  |  |  | 10,896 |  |  |  | 117 |  |  |  | — |  |  |  | 21,014 |
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 |  |  | 6,798 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,798 |
Other long-term liabilities |  |  | 12,372 |  |  |  | 6,078 |  |  |  | — |  |  |  | — |  |  |  | 18,450 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |
|  | $ | 563,522 |  |  | $ | 69,613 |  |  | $ | (29,775 | ) |  | $ | 59,759 |  |  | $ | 663,119 |
Schedule of Consolidating Statement of Operations | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED OCTOBER 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 131,729 |  |  | $ | 567 |  |  | $ | — |  |  | $ | 132,296 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | — |  |  |  | 89,740 |  |  |  | 805 |  |  |  | — |  |  |  | 90,545 |
General and administration |  |  | 595 |  |  |  | 15,779 |  |  |  | 51 |  |  |  | — |  |  |  | 16,425 |
Depreciation and amortization |  |  | 225 |  |  |  | 15,251 |  |  |  | 193 |  |  |  | — |  |  |  | 15,669 |
Environmental remediation charge |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Severance and reorganization costs |  |  | — |  |  |  | 53 |  |  |  | — |  |  |  | — |  |  |  | 53 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |
|  |  | 820 |  |  |  | 120,977 |  |  |  | 1,049 |  |  |  | — |  |  |  | 122,846 |
Operating income (loss) |  |  | (820 | ) |  |  | 10,752 |  |  |  | (482 | ) |  |  | — |  |  |  | 9,450 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (1 | ) |  |  | (100 | ) |  |  | — |  |  |  | — |  |  |  | (101 | )
Interest expense |  |  | 9,616 |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 9,635 |
(Income) loss from equity method investments |  |  | (10,757 | ) |  |  | (15 | ) |  |  | (76 | ) |  |  | 10,757 |  |  |  | (91 | )
(Gain) loss on derivative instruments |  |  | 629 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 629 |
Other income |  |  | (268 | ) |  |  | (124 | ) |  |  | — |  |  |  | — |  |  |  | (392 | )
Other expense, net |  |  | (781 | ) |  |  | (220 | ) |  |  | (76 | ) |  |  | 10,757 |  |  |  | 9,680 |
Income (loss) from continuing operations before income taxes |  |  | (39 | ) |  |  | 10,972 |  |  |  | (406 | ) |  |  | (10,757 | ) |  |  | (230 | )
Provision (benefit) for income taxes |  |  | 300 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 300 |
Income (loss) from continuing operations |  |  | (339 | ) |  |  | 10,972 |  |  |  | (406 | ) |  |  | (10,757 | ) |  |  | (530 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | (45 | ) |  |  | — |  |  |  | — |  |  |  | (45 | )
Net income (loss) |  |  | (339 | ) |  |  | 10,927 |  |  |  | (406 | ) |  |  | (10,757 | ) |  |  | (575 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (236 | ) |  |  | — |  |  |  | (236 | )
Net income (loss) attributable to common stockholders |  | $ | (339 | ) |  | $ | 10,927 |  |  | $ | (170 | ) |  | $ | (10,757 | ) |  | $ | (339 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED OCTOBER 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 116,401 |  |  | $ | 435 |  |  | $ | — |  |  | $ | 116,836 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (36 | ) |  |  | 81,507 |  |  |  | 616 |  |  |  | — |  |  |  | 82,087 |
General and administration |  |  | 157 |  |  |  | 13,714 |  |  |  | 12 |  |  |  | — |  |  |  | 13,883 |
Depreciation and amortization |  |  | 269 |  |  |  | 14,240 |  |  |  | 61 |  |  |  | — |  |  |  | 14,570 |
Severance and reorganization costs |  |  | 917 |  |  |  | 876 |  |  |  | — |  |  |  | — |  |  |  | 1,793 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 77 |  |  |  | — |  |  |  | — |  |  |  | 77 |
|  |  | 1,307 |  |  |  | 110,414 |  |  |  | 689 |  |  |  | — |  |  |  | 112,410 |
Operating income (loss) |  |  | (1,307 | ) |  |  | 5,987 |  |  |  | (254 | ) |  |  | — |  |  |  | 4,426 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (8,176 | ) |  |  | (9 | ) |  |  | — |  |  |  | 8,175 |  |  |  | (10 | )
Interest expense |  |  | 11,790 |  |  |  | 7,901 |  |  |  | — |  |  |  | (8,175 | ) |  |  | 11,516 |
(Income) loss from equity method investments |  |  | 2,275 |  |  |  | (39 | ) |  |  | 148 |  |  |  | (2,275 | ) |  |  | 109 |
(Gain) loss on derivative instruments |  |  | 3,896 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,896 |
Loss on debt extinguishment |  |  | 9,670 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,670 |
Other income |  |  | (208 | ) |  |  | (103 | ) |  |  | — |  |  |  | — |  |  |  | (311 | )
Other expense, net |  |  | 19,247 |  |  |  | 7,750 |  |  |  | 148 |  |  |  | (2,275 | ) |  |  | 24,870 |
Income (loss) from continuing operations before income taxes |  |  | (20,554 | ) |  |  | (1,763 | ) |  |  | (402 | ) |  |  | 2,275 |  |  |  | (20,444 | )
Provision (benefit) for income taxes |  |  | 413 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 413 |
Income (loss) from continuing operations |  |  | (20,967 | ) |  |  | (1,763 | ) |  |  | (402 | ) |  |  | 2,275 |  |  |  | (20,857 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | (235 | ) |  |  | — |  |  |  | — |  |  |  | (235 | )
Net income (loss) |  |  | (20,967 | ) |  |  | (1,998 | ) |  |  | (402 | ) |  |  | 2,275 |  |  |  | (21,092 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (125 | ) |  |  | — |  |  |  | (125 | )
Net income (loss) attributable to common stockholders |  | $ | (20,967 | ) |  | $ | (1,998 | ) |  | $ | (277 | ) |  | $ | 2,275 |  |  | $ | (20,967 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS SIX MONTHS ENDED OCTOBER 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 259,423 |  |  | $ | 1,431 |  |  | $ | — |  |  | $ | 260,854 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 1 |  |  |  | 177,519 |  |  |  | 1,442 |  |  |  | — |  |  |  | 178,962 |
General and administration |  |  | 748 |  |  |  | 30,712 |  |  |  | 43 |  |  |  | — |  |  |  | 31,503 |
Depreciation and amortization |  |  | 437 |  |  |  | 30,055 |  |  |  | 374 |  |  |  | — |  |  |  | 30,866 |
Environmental remediation charge |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Severance and reorganization costs |  |  | 4 |  |  |  | 157 |  |  |  | — |  |  |  | — |  |  |  | 161 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | 24 |
|  |  | 1,190 |  |  |  | 238,617 |  |  |  | 1,859 |  |  |  | — |  |  |  | 241,666 |
Operating income (loss) |  |  | (1,190 | ) |  |  | 20,806 |  |  |  | (428 | ) |  |  | — |  |  |  | 19,188 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (1 | ) |  |  | (112 | ) |  |  | — |  |  |  | — |  |  |  | (113 | )
Interest expense |  |  | 18,963 |  |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | 18,994 |
(Income) loss from equity method investments |  |  | (19,928 | ) |  |  | (35 | ) |  |  | 922 |  |  |  | 19,928 |  |  |  | 887 |
(Gain) loss on derivative instruments |  |  | (25 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (25 | )
Other income |  |  | (287 | ) |  |  | (242 | ) |  |  | (1 | ) |  |  | — |  |  |  | (530 | )
Other expense, net |  |  | (1,278 | ) |  |  | (358 | ) |  |  | 921 |  |  |  | 19,928 |  |  |  | 19,213 |
Income (loss) from continuing operations before income taxes |  |  | 88 |  |  |  | 21,164 |  |  |  | (1,349 | ) |  |  | (19,928 | ) |  |  | (25 | )
Provision (benefit) for income taxes |  |  | 619 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 619 |
Income (loss) from continuing operations |  |  | (531 | ) |  |  | 21,164 |  |  |  | (1,349 | ) |  |  | (19,928 | ) |  |  | (644 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | 284 |  |  |  | — |  |  |  | — |  |  |  | 284 |
Gain (loss) on disposal of discontinued operations, net |  |  | — |  |  |  | (378 | ) |  |  | — |  |  |  | — |  |  |  | (378 | )
Net income (loss) |  |  | (531 | ) |  |  | 21,070 |  |  |  | (1,349 | ) |  |  | (19,928 | ) |  |  | (738 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (207 | ) |  |  | — |  |  |  | (207 | )
Net income (loss) attributable to common stockholders |  | $ | (531 | ) |  | $ | 21,070 |  |  | $ | (1,142 | ) |  | $ | (19,928 | ) |  | $ | (531 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS SIX MONTHS ENDED OCTOBER 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 234,029 |  |  | $ | 445 |  |  | $ | — |  |  | $ | 234,474 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (8 | ) |  |  | 162,815 |  |  |  | 625 |  |  |  | — |  |  |  | 163,432 |
General and administration |  |  | 4 |  |  |  | 29,038 |  |  |  | 31 |  |  |  | — |  |  |  | 29,073 |
Depreciation and amortization |  |  | 533 |  |  |  | 28,685 |  |  |  | 61 |  |  |  | — |  |  |  | 29,279 |
Severance and reorganization costs |  |  | 917 |  |  |  | 910 |  |  |  | — |  |  |  | — |  |  |  | 1,827 |
Expense from divestiture, acquisition and financing costs |  |  | 303 |  |  |  | 328 |  |  |  | — |  |  |  | — |  |  |  | 631 |
|  |  | 1,749 |  |  |  | 221,776 |  |  |  | 717 |  |  |  | — |  |  |  | 224,242 |
Operating income (loss) |  |  | (1,749 | ) |  |  | 12,253 |  |  |  | (272 | ) |  |  | — |  |  |  | 10,232 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (16,239 | ) |  |  | (16 | ) |  |  | — |  |  |  | 16,237 |  |  |  | (18 | )
Interest expense |  |  | 23,578 |  |  |  | 15,866 |  |  |  | — |  |  |  | (16,237 | ) |  |  | 23,207 |
(Income) loss from equity method investments |  |  | 5,841 |  |  |  | (58 | ) |  |  | 1,933 |  |  |  | (5,841 | ) |  |  | 1,875 |
(Gain) loss on derivative instruments |  |  | 3,896 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,896 |
Loss on debt extinguishment |  |  | 9,670 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,670 |
Other income |  |  | (220 | ) |  |  | (221 | ) |  |  | — |  |  |  | — |  |  |  | (441 | )
Other expense, net |  |  | 26,526 |  |  |  | 15,571 |  |  |  | 1,933 |  |  |  | (5,841 | ) |  |  | 38,189 |
Income (loss) from continuing operations before income taxes |  |  | (28,275 | ) |  |  | (3,318 | ) |  |  | (2,205 | ) |  |  | 5,841 |  |  |  | (27,957 | )
Provision (benefit) for income taxes |  |  | 1,063 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,063 |
Income (loss) from continuing operations |  |  | (29,338 | ) |  |  | (3,318 | ) |  |  | (2,205 | ) |  |  | 5,841 |  |  |  | (29,020 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | (451 | ) |  |  | — |  |  |  | — |  |  |  | (451 | )
Net income (loss) |  |  | (29,338 | ) |  |  | (3,769 | ) |  |  | (2,205 | ) |  |  | 5,841 |  |  |  | (29,471 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | — |  |  |  | (133 | )
Net income (loss) attributable to common stockholders |  | $ | (29,338 | ) |  | $ | (3,769 | ) |  | $ | (2,072 | ) |  | $ | 5,841 |  |  | $ | (29,338 | )
Schedule of Consolidating Statement of Comprehensive Income (Loss) | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS THREE MONTHS ENDED OCTOBER 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (339 | ) |  | $ | 10,927 |  |  | $ | (406 | ) |  | $ | (10,757 | ) |  | $ | (575 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net |  |  | — |  |  |  | — |  |  |  | (279 | ) |  |  | — |  |  |  | (279 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net |  |  | — |  |  |  | — |  |  |  | 181 |  |  |  | — |  |  |  | 181 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | 18 |
Other comprehensive income (loss) |  |  | — |  |  |  | 18 |  |  |  | (98 | ) |  |  | — |  |  |  | (80 | )
Comprehensive income (loss) |  |  | (339 | ) |  |  | 10,945 |  |  |  | (504 | ) |  |  | (10,757 | ) |  |  | (655 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (236 | ) |  |  | — |  |  |  | (236 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (339 | ) |  | $ | 10,945 |  |  | $ | (268 | ) |  | $ | (10,757 | ) |  | $ | (419 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS THREE MONTHS ENDED OCTOBER 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (20,967 | ) |  | $ | (1,998 | ) |  | $ | (402 | ) |  | $ | 2,275 |  |  | $ | (21,092 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net |  |  | — |  |  |  | — |  |  |  | (716 | ) |  |  | — |  |  |  | (716 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net |  |  | 3,625 |  |  |  | — |  |  |  | 321 |  |  |  | — |  |  |  | 3,946 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 21 |
Other comprehensive income (loss) |  |  | 3,625 |  |  |  | 21 |  |  |  | (395 | ) |  |  | — |  |  |  | 3,251 |
Comprehensive income (loss) |  |  | (17,342 | ) |  |  | (1,977 | ) |  |  | (797 | ) |  |  | 2,275 |  |  |  | (17,841 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (125 | ) |  |  | — |  |  |  | (125 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (17,342 | ) |  | $ | (1,977 | ) |  | $ | (672 | ) |  | $ | 2,275 |  |  | $ | (17,716 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS SIX MONTHS ENDED OCTOBER 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (531 | ) |  | $ | 21,070 |  |  | $ | (1,349 | ) |  | $ | (19,928 | ) |  | $ | (738 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net |  |  | — |  |  |  | — |  |  |  | (568 | ) |  |  | — |  |  |  | (568 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net |  |  | — |  |  |  | — |  |  |  | 345 |  |  |  | — |  |  |  | 345 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | 18 |
Other comprehensive income (loss) |  |  | — |  |  |  | 18 |  |  |  | (223 | ) |  |  | — |  |  |  | (205 | )
Comprehensive income (loss) |  |  | (531 | ) |  |  | 21,088 |  |  |  | (1,572 | ) |  |  | (19,928 | ) |  |  | (943 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (207 | ) |  |  | — |  |  |  | (207 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (531 | ) |  | $ | 21,088 |  |  | $ | (1,365 | ) |  | $ | (19,928 | ) |  | $ | (736 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS SIX MONTHS ENDED OCTOBER 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (29,338 | ) |  | $ | (3,769 | ) |  | $ | (2,205 | ) |  | $ | 5,841 |  |  | $ | (29,471 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments, net |  |  | (1,257 | ) |  |  | — |  |  |  | (1,542 | ) |  |  | — |  |  |  | (2,799 | )
Realized loss (gain) on derivative instruments reclassified into earnings, net |  |  | 3,625 |  |  |  | — |  |  |  | 365 |  |  |  | — |  |  |  | 3,990 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 15 |
Other comprehensive income (loss) |  |  | 2,368 |  |  |  | 15 |  |  |  | (1,177 | ) |  |  | — |  |  |  | 1,206 |
Comprehensive income (loss) |  |  | (26,970 | ) |  |  | (3,754 | ) |  |  | (3,382 | ) |  |  | 5,841 |  |  |  | (28,265 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (133 | ) |  |  | — |  |  |  | (133 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (26,970 | ) |  | $ | (3,754 | ) |  | $ | (3,249 | ) |  | $ | 5,841 |  |  | $ | (28,132 | )
Schedule of Condensed Consolidating Statement of Cash Flows | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED OCTOBER 31, 2013 (in thousands)
|  |  |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (25,720 | ) |  | $ | 53,481 |  |  | $ | 358 |  |  | $ | — |  |  | $ | 28,119 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (2,822 | ) |  |  | — |  |  |  | — |  |  |  | (2,822 | )
Additions to property, plant and equipment |  | - acquisition |  |  | — |  |  |  | (1,365 | ) |  |  | — |  |  |  | — |  |  |  | (1,365 | )
|  | - growth |  |  | — |  |  |  | (2,824 | ) |  |  | (425 | ) |  |  | — |  |  |  | (3,249 | )
|  | - maintenance |  |  | (1,059 | ) |  |  | (21,751 | ) |  |  | — |  |  |  | — |  |  |  | (22,810 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (3,471 | ) |  |  | — |  |  |  | — |  |  |  | (3,471 | )
Investments in unconsolidated entities |  |  | (2,148 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,148 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 929 |  |  |  | — |  |  |  | — |  |  |  | 929 |
Net cash provided by (used in) investing activities |  |  | (3,207 | ) |  |  | (31,304 | ) |  |  | (425 | ) |  |  | — |  |  |  | (34,936 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 83,190 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 83,190 |
Principal payments on long-term debt |  |  | (71,735 | ) |  |  | (851 | ) |  |  | — |  |  |  | — |  |  |  | (72,586 | )
Payments of financing costs |  |  | (388 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (388 | )
Intercompany borrowings |  |  | 21,145 |  |  |  | (21,145 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 32,212 |  |  |  | (21,996 | ) |  |  | — |  |  |  | — |  |  |  | 10,216 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | (201 | ) |  |  | — |  |  |  | — |  |  |  | (201 | )
Net increase (decrease) in cash and cash equivalents |  |  | 3,285 |  |  |  | (20 | ) |  |  | (67 | ) |  |  | — |  |  |  | 3,198 |
Cash and cash equivalents, beginning of period |  |  | 1,260 |  |  |  | 253 |  |  |  | 242 |  |  |  | — |  |  |  | 1,755 |
Cash and cash equivalents, end of period |  | $ | 4,545 |  |  | $ | 233 |  |  | $ | 175 |  |  | $ | — |  |  | $ | 4,953 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED OCTOBER 31, 2012 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (27,935 | ) |  | $ | 49,057 |  |  | $ | 1,646 |  |  | $ | — |  |  | $ | 22,768 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (4,635 | ) |  |  | — |  |  |  | — |  |  |  | (4,635 | )
Additions to property, plant and equipment |  | - acquisition |  |  | — |  |  |  | (417 | ) |  |  | — |  |  |  | — |  |  |  | (417 | )
|  | - growth |  |  | — |  |  |  | (3,520 | ) |  |  | (4,678 | ) |  |  | — |  |  |  | (8,198 | )
|  | - maintenance |  |  | (190 | ) |  |  | (24,586 | ) |  |  | — |  |  |  | — |  |  |  | (24,776 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (3,298 | ) |  |  | — |  |  |  | — |  |  |  | (3,298 | )
Payment for capital related to divestiture |  |  | — |  |  |  | (618 | ) |  |  | — |  |  |  | — |  |  |  | (618 | )
Investments in unconsolidated entities |  |  | (1,000 | ) |  |  | (1,566 | ) |  |  | 1,566 |  |  |  | — |  |  |  | (1,000 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 543 |  |  |  | — |  |  |  | — |  |  |  | 543 |
Net cash provided by (used in) investing activities |  |  | (1,190 | ) |  |  | (38,097 | ) |  |  | (3,112 | ) |  |  | — |  |  |  | (42,399 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 236,177 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 236,177 |
Principal payments on long-term debt |  |  | (226,098 | ) |  |  | (930 | ) |  |  | — |  |  |  | — |  |  |  | (227,028 | )
Change in restricted cash |  |  | (23,579 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (23,579 | )
Payment of tender premium and costs on second lien notes |  |  | (6,745 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,745 | )
Payments on financing costs |  |  | (4,329 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,329 | )
Net proceeds from the sale of class A common stock |  |  | 42,149 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 42,149 |
Excess tax benefit on the vesting of share based awards |  |  | 188 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 188 |
Contributions from noncontrolling interest holders |  |  | — |  |  |  | — |  |  |  | 1,195 |  |  |  | — |  |  |  | 1,195 |
Intercompany borrowings |  |  | 9,049 |  |  |  | (9,049 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 26,812 |  |  |  | (9,979 | ) |  |  | 1,195 |  |  |  | — |  |  |  | 18,028 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | (1,030 | ) |  |  | — |  |  |  | — |  |  |  | (1,030 | )
Net increase (decrease) in cash and cash equivalents |  |  | (2,313 | ) |  |  | (49 | ) |  |  | (271 | ) |  |  | — |  |  |  | (2,633 | )
Cash and cash equivalents, beginning of period |  |  | 3,799 |  |  |  | 368 |  |  |  | 367 |  |  |  | — |  |  |  | 4,534 |
Cash and cash equivalents, end of period |  | $ | 1,486 |  |  | $ | 319 |  |  | $ | 96 |  |  | $ | — |  |  | $ | 1,901 |

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