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Subsidiary Guarantors (Tables) | 9 Months Ended
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Jan. 31, 2014
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 JANUARY 31, 2014 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,427 |  |  | $ | 258 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 2,712 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 303 |  |  |  | 49,803 |  |  |  | 224 |  |  |  | — |  |  |  | 50,330 |
Refundable income taxes |  |  | 608 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 608 |
Prepaid expenses |  |  | 2,750 |  |  |  | 5,388 |  |  |  | 11 |  |  |  | — |  |  |  | 8,149 |
Inventory |  |  | — |  |  |  | 4,344 |  |  |  | 52 |  |  |  | — |  |  |  | 4,396 |
Deferred income taxes |  |  | 3,149 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,149 |
Other current assets |  |  | 909 |  |  |  | 928 |  |  |  | 7 |  |  |  | — |  |  |  | 1,844 |
Current assets of discontinued operations |  |  | — |  |  |  | 353 |  |  |  | — |  |  |  | — |  |  |  | 353 |
Total current assets |  |  | 10,146 |  |  |  | 61,150 |  |  |  | 321 |  |  |  | — |  |  |  | 71,617 |
Property, plant and equipment, net |  |  | 4,823 |  |  |  | 407,639 |  |  |  | 8,307 |  |  |  | — |  |  |  | 420,769 |
Goodwill |  |  | — |  |  |  | 119,064 |  |  |  | — |  |  |  | — |  |  |  | 119,064 |
Intangible assets, net |  |  | 181 |  |  |  | 13,991 |  |  |  | — |  |  |  | — |  |  |  | 14,172 |
Restricted assets |  |  | — |  |  |  | 675 |  |  |  | — |  |  |  | — |  |  |  | 675 |
Investments in unconsolidated entities |  |  | 16,752 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 16,752 |
Investments in subsidiaries |  |  | (38,787 | ) |  |  | — |  |  |  | — |  |  |  | 38,787 |  |  |  | — |
Other non-current assets |  |  | 14,563 |  |  |  | 10,267 |  |  |  | — |  |  |  | — |  |  |  | 24,830 |
Non-current assets of discontinued operations |  |  | — |  |  |  | 1,563 |  |  |  | — |  |  |  | — |  |  |  | 1,563 |
|  |  | (2,468 | ) |  |  | 555,131 |  |  |  | 8,307 |  |  |  | 36,855 |  |  |  | 597,825 |
Intercompany receivable |  |  | 559,064 |  |  |  | (522,104 | ) |  |  | (38,892 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 566,742 |  |  | $ | 94,177 |  |  | $ | (30,264 | ) |  | $ | 38,787 |  |  | $ | 669,442 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 83 |  |  | $ | 351 |  |  | $ | — |  |  | $ | — |  |  | $ | 434 |
Current maturities of financing lease obligations |  |  | — |  |  |  | 380 |  |  |  | — |  |  |  | — |  |  |  | 380 |
Accounts payable |  |  | 16,444 |  |  |  | 24,829 |  |  |  | 726 |  |  |  | — |  |  |  | 41,999 |
Accrued payroll and related expenses |  |  | 402 |  |  |  | 3,918 |  |  |  | 1 |  |  |  | — |  |  |  | 4,321 |
Accrued interest |  |  | 12,931 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 12,943 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 5,711 |  |  |  | 3 |  |  |  | — |  |  |  | 5,714 |
Other accrued liabilities |  |  | 7,949 |  |  |  | 11,582 |  |  |  | 334 |  |  |  | — |  |  |  | 19,865 |
Total current liabilities |  |  | 37,809 |  |  |  | 46,783 |  |  |  | 1,064 |  |  |  | — |  |  |  | 85,656 |
Long-term debt and capital leases, less current maturities |  |  | 508,236 |  |  |  | 1,523 |  |  |  | — |  |  |  | — |  |  |  | 509,759 |
Financing lease obligations, less current maturities |  |  | — |  |  |  | 1,169 |  |  |  | — |  |  |  | — |  |  |  | 1,169 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 41,180 |  |  |  | 40 |  |  |  | — |  |  |  | 41,220 |
Deferred income taxes |  |  | 7,108 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,108 |
Other long-term liabilities |  |  | 10,863 |  |  |  | 7,169 |  |  |  | 85 |  |  |  | — |  |  |  | 18,117 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders’ equity |  |  | 2,726 |  |  |  | (3,647 | ) |  |  | (35,140 | ) |  |  | 38,787 |  |  |  | 2,726 |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 3,687 |  |  |  | — |  |  |  | 3,687 |
Total stockholders’ equity |  |  | 2,726 |  |  |  | (3,647 | ) |  |  | (31,453 | ) |  |  | 38,787 |  |  |  | 6,413 |
|  | $ | 566,742 |  |  | $ | 94,177 |  |  | $ | (30,264 | ) |  | $ | 38,787 |  |  | $ | 669,442 |
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 JANUARY 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 117,441 |  |  | $ | 411 |  |  | $ | — |  |  | $ | 117,852 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (26 | ) |  |  | 86,791 |  |  |  | 837 |  |  |  | — |  |  |  | 87,602 |
General and administration |  |  | (15 | ) |  |  | 15,394 |  |  |  | (18 | ) |  |  | — |  |  |  | 15,361 |
Depreciation and amortization |  |  | 262 |  |  |  | 13,953 |  |  |  | 181 |  |  |  | — |  |  |  | 14,396 |
Development project charge |  |  | — |  |  |  | 1,440 |  |  |  | — |  |  |  | — |  |  |  | 1,440 |
Environmental remediation charge |  |  | — |  |  |  | 250 |  |  |  | — |  |  |  | — |  |  |  | 250 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 101 |  |  |  | — |  |  |  | — |  |  |  | 101 |
|  |  | 221 |  |  |  | 117,929 |  |  |  | 1,000 |  |  |  | — |  |  |  | 119,150 |
Operating income (loss) |  |  | (221 | ) |  |  | (488 | ) |  |  | (589 | ) |  |  | — |  |  |  | (1,298 | )
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (3 | ) |  |  | (106 | ) |  |  | — |  |  |  | — |  |  |  | (109 | )
Interest expense |  |  | 9,576 |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | 9,568 |
(Income) loss from equity method investments |  |  | 78 |  |  |  | (71 | ) |  |  | 183 |  |  |  | (78 | ) |  |  | 112 |
(Gain) loss on sale of equity method investment |  |  | — |  |  |  | — |  |  |  | (593 | ) |  |  | — |  |  |  | (593 | )
(Gain) loss on derivative instruments |  |  | 233 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 233 |
Other income |  |  | (11 | ) |  |  | (121 | ) |  |  | — |  |  |  | — |  |  |  | (132 | )
Other expense, net |  |  | 9,873 |  |  |  | (306 | ) |  |  | (410 | ) |  |  | (78 | ) |  |  | 9,079 |
Income (loss) from continuing operations before income taxes |  |  | (10,094 | ) |  |  | (182 | ) |  |  | (179 | ) |  |  | 78 |  |  |  | (10,377 | )
Provision (benefit) for income taxes |  |  | 656 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 656 |
Net income (loss) |  |  | (10,750 | ) |  |  | (182 | ) |  |  | (179 | ) |  |  | 78 |  |  |  | (11,033 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (283 | ) |  |  | — |  |  |  | (283 | )
Net income (loss) attributable to common stockholders |  | $ | (10,750 | ) |  | $ | (182 | ) |  | $ | 104 |  |  | $ | 78 |  |  | $ | (10,750 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 111,464 |  |  | $ | 703 |  |  | $ | — |  |  | $ | 112,167 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 12 |  |  |  | 80,755 |  |  |  | 669 |  |  |  | — |  |  |  | 81,436 |
General and administration |  |  | (63 | ) |  |  | 14,364 |  |  |  | 27 |  |  |  | — |  |  |  | 14,328 |
Depreciation and amortization |  |  | 236 |  |  |  | 13,548 |  |  |  | 180 |  |  |  | — |  |  |  | 13,964 |
Severance and reorganization costs |  |  | 849 |  |  |  | 787 |  |  |  | — |  |  |  | — |  |  |  | 1,636 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 372 |  |  |  | — |  |  |  | — |  |  |  | 372 |
Loss on divestiture |  |  | — |  |  |  | 353 |  |  |  | — |  |  |  | — |  |  |  | 353 |
|  |  | 1,034 |  |  |  | 110,179 |  |  |  | 876 |  |  |  | — |  |  |  | 112,089 |
Operating income (loss) |  |  | (1,034 | ) |  |  | 1,285 |  |  |  | (173 | ) |  |  | — |  |  |  | 78 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (8,275 | ) |  |  | (49 | ) |  |  | — |  |  |  | 8,274 |  |  |  | (50 | )
Interest expense |  |  | 9,422 |  |  |  | 8,061 |  |  |  | — |  |  |  | (8,274 | ) |  |  | 9,209 |
(Income) loss from equity method investments |  |  | 8,480 |  |  |  | 43 |  |  |  | 1,393 |  |  |  | (8,480 | ) |  |  | 1,436 |
(Gain) loss on derivative instruments |  |  | (24 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (24 | )
Loss on debt extinguishment |  |  | 5,914 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5,914 |
Other income |  |  | (181 | ) |  |  | (117 | ) |  |  | — |  |  |  | — |  |  |  | (298 | )
Other expense, net |  |  | 15,336 |  |  |  | 7,938 |  |  |  | 1,393 |  |  |  | (8,480 | ) |  |  | 16,187 |
Income (loss) from continuing operations before income taxes |  |  | (16,370 | ) |  |  | (6,653 | ) |  |  | (1,566 | ) |  |  | 8,480 |  |  |  | (16,109 | )
Provision (benefit) for income taxes |  |  | (4,963 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,963 | )
Income (loss) from continuing operations |  |  | (11,407 | ) |  |  | (6,653 | ) |  |  | (1,566 | ) |  |  | 8,480 |  |  |  | (11,146 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | (328 | ) |  |  | — |  |  |  | — |  |  |  | (328 | )
Net income (loss) |  |  | (11,407 | ) |  |  | (6,981 | ) |  |  | (1,566 | ) |  |  | 8,480 |  |  |  | (11,474 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | — |  |  |  | (67 | )
Net income (loss) attributable to common stockholders |  | $ | (11,407 | ) |  | $ | (6,981 | ) |  | $ | (1,499 | ) |  | $ | 8,480 |  |  | $ | (11,407 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED JANUARY 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 376,864 |  |  | $ | 1,842 |  |  | $ | — |  |  | $ | 378,706 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | (25 | ) |  |  | 264,311 |  |  |  | 2,279 |  |  |  | — |  |  |  | 266,565 |
General and administration |  |  | 733 |  |  |  | 46,107 |  |  |  | 24 |  |  |  | — |  |  |  | 46,864 |
Depreciation and amortization |  |  | 700 |  |  |  | 44,006 |  |  |  | 555 |  |  |  | — |  |  |  | 45,261 |
Development project charge |  |  | — |  |  |  | 1,440 |  |  |  | — |  |  |  | — |  |  |  | 1,440 |
Environmental remediation charge |  |  | — |  |  |  | 400 |  |  |  | — |  |  |  | — |  |  |  | 400 |
Severance and reorganization costs |  |  | 4 |  |  |  | 157 |  |  |  | — |  |  |  | — |  |  |  | 161 |
Expense from divestiture, acquisition and financing costs |  |  | — |  |  |  | 126 |  |  |  | — |  |  |  | — |  |  |  | 126 |
|  |  | 1,412 |  |  |  | 356,547 |  |  |  | 2,858 |  |  |  | — |  |  |  | 360,817 |
Operating income (loss) |  |  | (1,412 | ) |  |  | 20,317 |  |  |  | (1,016 | ) |  |  | — |  |  |  | 17,889 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (3 | ) |  |  | (219 | ) |  |  | — |  |  |  | — |  |  |  | (222 | )
Interest expense |  |  | 28,539 |  |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 28,562 |
(Income) loss from equity method investments |  |  | (19,852 | ) |  |  | (107 | ) |  |  | 1,105 |  |  |  | 19,852 |  |  |  | 998 |
(Gain) loss on sale of equity method investment |  |  | — |  |  |  | — |  |  |  | (593 | ) |  |  | — |  |  |  | (593 | )
(Gain) loss on derivative instruments |  |  | 208 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 208 |
Other income |  |  | (298 | ) |  |  | (363 | ) |  |  | (1 | ) |  |  | — |  |  |  | (662 | )
Other expense, net |  |  | 8,594 |  |  |  | (666 | ) |  |  | 511 |  |  |  | 19,852 |  |  |  | 28,291 |
Income (loss) from continuing operations before income taxes |  |  | (10,006 | ) |  |  | 20,983 |  |  |  | (1,527 | ) |  |  | (19,852 | ) |  |  | (10,402 | )
Provision (benefit) for income taxes |  |  | 1,275 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,275 |
Income (loss) from continuing operations |  |  | (11,281 | ) |  |  | 20,983 |  |  |  | (1,527 | ) |  |  | (19,852 | ) |  |  | (11,677 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | 284 |  |  |  | — |  |  |  | — |  |  |  | 284 |
Gain (loss) on disposal of discontinued operations, net |  |  | — |  |  |  | (378 | ) |  |  | — |  |  |  | — |  |  |  | (378 | )
Net income (loss) |  |  | (11,281 | ) |  |  | 20,889 |  |  |  | (1,527 | ) |  |  | (19,852 | ) |  |  | (11,771 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (490 | ) |  |  | — |  |  |  | (490 | )
Net income (loss) attributable to common stockholders |  | $ | (11,281 | ) |  | $ | 20,889 |  |  | $ | (1,037 | ) |  | $ | (19,852 | ) |  | $ | (11,281 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 345,493 |  |  | $ | 1,148 |  |  | $ | — |  |  | $ | 346,641 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 4 |  |  |  | 243,569 |  |  |  | 1,294 |  |  |  | — |  |  |  | 244,867 |
General and administration |  |  | (60 | ) |  |  | 43,404 |  |  |  | 57 |  |  |  | — |  |  |  | 43,401 |
Depreciation and amortization |  |  | 770 |  |  |  | 42,233 |  |  |  | 241 |  |  |  | — |  |  |  | 43,244 |
Severance and reorganization costs |  |  | 1,766 |  |  |  | 1,697 |  |  |  | — |  |  |  | — |  |  |  | 3,463 |
Expense from divestiture, acquisition and financing costs |  |  | 303 |  |  |  | 700 |  |  |  | — |  |  |  | — |  |  |  | 1,003 |
Loss on divestiture |  |  | — |  |  |  | 353 |  |  |  | — |  |  |  | — |  |  |  | 353 |
|  |  | 2,783 |  |  |  | 331,956 |  |  |  | 1,592 |  |  |  | — |  |  |  | 336,331 |
Operating income (loss) |  |  | (2,783 | ) |  |  | 13,537 |  |  |  | (444 | ) |  |  | — |  |  |  | 10,310 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | (24,515 | ) |  |  | (64 | ) |  |  | — |  |  |  | 24,511 |  |  |  | (68 | )
Interest expense |  |  | 33,000 |  |  |  | 23,926 |  |  |  | — |  |  |  | (24,511 | ) |  |  | 32,415 |
(Income) loss from equity method investments |  |  | 14,324 |  |  |  | (14 | ) |  |  | 3,325 |  |  |  | (14,324 | ) |  |  | 3,311 |
(Gain) loss on derivative instruments |  |  | 3,871 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,871 |
Loss on debt extinguishment |  |  | 15,584 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,584 |
Other income |  |  | (401 | ) |  |  | (336 | ) |  |  | — |  |  |  | — |  |  |  | (737 | )
Other expense, net |  |  | 41,863 |  |  |  | 23,512 |  |  |  | 3,325 |  |  |  | (14,324 | ) |  |  | 54,376 |
Income (loss) from continuing operations before income taxes |  |  | (44,646 | ) |  |  | (9,975 | ) |  |  | (3,769 | ) |  |  | 14,324 |  |  |  | (44,066 | )
Provision (benefit) for income taxes |  |  | (3,899 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,899 | )
Income (loss) from continuing operations |  |  | (40,747 | ) |  |  | (9,975 | ) |  |  | (3,769 | ) |  |  | 14,324 |  |  |  | (40,167 | )
Discontinued operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations, net |  |  | — |  |  |  | (779 | ) |  |  | — |  |  |  | — |  |  |  | (779 | )
Net income (loss) |  |  | (40,747 | ) |  |  | (10,754 | ) |  |  | (3,769 | ) |  |  | 14,324 |  |  |  | (40,946 | )
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (199 | ) |  |  | — |  |  |  | (199 | )
Net income (loss) attributable to common stockholders |  | $ | (40,747 | ) |  | $ | (10,754 | ) |  | $ | (3,570 | ) |  | $ | 14,324 |  |  | $ | (40,747 | )
Schedule of Consolidating Statement of Comprehensive Income (Loss) | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JANUARY 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (10,750 | ) |  | $ | (182 | ) |  | $ | (179 | ) |  | $ | 78 |  |  | $ | (11,033 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments |  |  | — |  |  |  | — |  |  |  | 533 |  |  |  | — |  |  |  | 533 |
Realized loss (gain) on derivative instruments reclassified into earnings |  |  | — |  |  |  | — |  |  |  | 310 |  |  |  | — |  |  |  | 310 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | (8 | )
Other comprehensive income (loss) |  |  | — |  |  |  | (8 | ) |  |  | 843 |  |  |  | — |  |  |  | 835 |
Comprehensive income (loss) |  |  | (10,750 | ) |  |  | (190 | ) |  |  | 664 |  |  |  | 78 |  |  |  | (10,198 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (283 | ) |  |  | — |  |  |  | (283 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (10,750 | ) |  | $ | (190 | ) |  | $ | 947 |  |  | $ | 78 |  |  | $ | (9,915 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (11,407 | ) |  | $ | (6,981 | ) |  | $ | (1,566 | ) |  | $ | 8,480 |  |  | $ | (11,474 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments |  |  | — |  |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | (11 | )
Realized loss (gain) on derivative instruments reclassified into earnings |  |  | — |  |  |  | — |  |  |  | 149 |  |  |  | — |  |  |  | 149 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | — |  |  |  | (11 | )
Other comprehensive income (loss) |  |  | — |  |  |  | (11 | ) |  |  | 138 |  |  |  | — |  |  |  | 127 |
Comprehensive income (loss) |  |  | (11,407 | ) |  |  | (6,992 | ) |  |  | (1,428 | ) |  |  | 8,480 |  |  |  | (11,347 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (67 | ) |  |  | — |  |  |  | (67 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (11,407 | ) |  | $ | (6,992 | ) |  | $ | (1,361 | ) |  | $ | 8,480 |  |  | $ | (11,280 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED JANUARY 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (11,281 | ) |  | $ | 20,889 |  |  | $ | (1,527 | ) |  | $ | (19,852 | ) |  | $ | (11,771 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments |  |  | — |  |  |  | — |  |  |  | (35 | ) |  |  | — |  |  |  | (35 | )
Realized loss (gain) on derivative instruments reclassified into earnings |  |  | — |  |  |  | — |  |  |  | 655 |  |  |  | — |  |  |  | 655 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 10 |
Other comprehensive income (loss) |  |  | — |  |  |  | 10 |  |  |  | 620 |  |  |  | — |  |  |  | 630 |
Comprehensive income (loss) |  |  | (11,281 | ) |  |  | 20,899 |  |  |  | (907 | ) |  |  | (19,852 | ) |  |  | (11,141 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (490 | ) |  |  | — |  |  |  | (490 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (11,281 | ) |  | $ | 20,899 |  |  | $ | (417 | ) |  | $ | (19,852 | ) |  | $ | (10,651 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (40,747 | ) |  | $ | (10,754 | ) |  | $ | (3,769 | ) |  | $ | 14,324 |  |  | $ | (40,946 | )
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of derivative instruments |  |  | (1,257 | ) |  |  | — |  |  |  | (1,553 | ) |  |  | — |  |  |  | (2,810 | )
Realized loss (gain) on derivative instruments reclassified into earnings |  |  | 3,625 |  |  |  | — |  |  |  | 514 |  |  |  | — |  |  |  | 4,139 |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |
Other comprehensive income (loss) |  |  | 2,368 |  |  |  | 4 |  |  |  | (1,039 | ) |  |  | — |  |  |  | 1,333 |
Comprehensive income (loss) |  |  | (38,379 | ) |  |  | (10,750 | ) |  |  | (4,808 | ) |  |  | 14,324 |  |  |  | (39,613 | )
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (199 | ) |  |  | — |  |  |  | (199 | )
Comprehensive income (loss) attributable to common stockholders |  | $ | (38,379 | ) |  | $ | (10,750 | ) |  | $ | (4,609 | ) |  | $ | 14,324 |  |  | $ | (39,414 | )
Schedule of Condensed Consolidating Statement of Cash Flows | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED JANUARY 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (31,037 | ) |  | $ | 68,515 |  |  | $ | 200 |  |  | $ | — |  |  | $ | 37,678 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (8,519 | ) |  |  | — |  |  |  | — |  |  |  | (8,519 | )
Additions to property, plant and equipment - acquisition |  |  | — |  |  |  | (2,440 | ) |  |  | — |  |  |  | — |  |  |  | (2,440 | )
- growth |  |  | — |  |  |  | (3,894 | ) |  |  | (415 | ) |  |  | — |  |  |  | (4,309 | )
- maintenance |  |  | (1,380 | ) |  |  | (28,542 | ) |  |  | — |  |  |  | — |  |  |  | (29,922 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (6,052 | ) |  |  | — |  |  |  | — |  |  |  | (6,052 | )
Investments in unconsolidated entities |  |  | (2,107 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,107 | )
Proceeds from sale of equity method investment |  |  | 2,845 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,845 |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 1,248 |  |  |  | — |  |  |  | — |  |  |  | 1,248 |
Net cash provided by (used in) investing activities |  |  | (642 | ) |  |  | (48,199 | ) |  |  | (415 | ) |  |  | — |  |  |  | (49,256 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 120,890 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 120,890 |
Principal payments on long-term debt |  |  | (106,854 | ) |  |  | (980 | ) |  |  | — |  |  |  | — |  |  |  | (107,834 | )
Payments of financing costs |  |  | (404 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (404 | )
Intercompany borrowings |  |  | 19,214 |  |  |  | (19,194 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 32,846 |  |  |  | (20,214 | ) |  |  | — |  |  |  | — |  |  |  | 12,652 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | (117 | ) |  |  | — |  |  |  | — |  |  |  | (117 | )
Net increase (decrease) in cash and cash equivalents |  |  | 1,167 |  |  |  | 5 |  |  |  | (215 | ) |  |  | — |  |  |  | 957 |
Cash and cash equivalents, beginning of period |  |  | 1,260 |  |  |  | 253 |  |  |  | 242 |  |  |  | — |  |  |  | 1,755 |
Cash and cash equivalents, end of period |  | $ | 2,427 |  |  | $ | 258 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 2,712 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS NINE MONTHS ENDED JANUARY 31, 2013 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (3,983 | ) |  | $ | 34,962 |  |  | $ | 192 |  |  | $ | — |  |  | $ | 31,171 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (25,106 | ) |  |  | — |  |  |  | — |  |  |  | (25,106 | )
Additions to property, plant and equipment - acquisition |  |  | — |  |  |  | (528 | ) |  |  | — |  |  |  | — |  |  |  | (528 | )
- growth |  |  | — |  |  |  | (5,471 | ) |  |  | (4,885 | ) |  |  | — |  |  |  | (10,356 | )
- maintenance |  |  | (233 | ) |  |  | (32,199 | ) |  |  | — |  |  |  | — |  |  |  | (32,432 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (5,726 | ) |  |  | — |  |  |  | — |  |  |  | (5,726 | )
Payment for capital related to divestiture |  |  | — |  |  |  | (618 | ) |  |  | — |  |  |  | — |  |  |  | (618 | )
Investments in unconsolidated entities |  |  | (1,000 | ) |  |  | (3,196 | ) |  |  | 3,196 |  |  |  | — |  |  |  | (1,000 | )
Proceeds from sale of property and equipment |  |  | — |  |  |  | 781 |  |  |  | — |  |  |  | — |  |  |  | 781 |
Net cash provided by (used in) investing activities |  |  | (1,233 | ) |  |  | (72,063 | ) |  |  | (1,689 | ) |  |  | — |  |  |  | (74,985 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | 334,497 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 334,497 |
Principal payments on long-term debt |  |  | (319,365 | ) |  |  | (1,118 | ) |  |  | — |  |  |  | — |  |  |  | (320,483 | )
Payment of tender premium and costs on second lien notes |  |  | (10,743 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,743 | )
Payments on financing costs |  |  | (4,572 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,572 | )
Net proceeds from the sale of class A common stock |  |  | 42,184 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 42,184 |
Excess tax benefit on the vesting of share based awards |  |  | 98 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 98 |
Contributions from noncontrolling interest holders |  |  | — |  |  |  | — |  |  |  | 1,195 |  |  |  | — |  |  |  | 1,195 |
Intercompany borrowings |  |  | (39,862 | ) |  |  | 39,862 |  |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 2,237 |  |  |  | 38,744 |  |  |  | 1,195 |  |  |  | — |  |  |  | 42,176 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | (1,784 | ) |  |  | — |  |  |  | — |  |  |  | (1,784 | )
Net increase (decrease) in cash and cash equivalents |  |  | (2,979 | ) |  |  | (141 | ) |  |  | (302 | ) |  |  | — |  |  |  | (3,422 | )
Cash and cash equivalents, beginning of period |  |  | 3,799 |  |  |  | 368 |  |  |  | 367 |  |  |  | — |  |  |  | 4,534 |
Cash and cash equivalents, end of period |  | $ | 820 |  |  | $ | 227 |  |  | $ | 65 |  |  | $ | — |  |  | $ | 1,112 |

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