XML 18 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Subsidiary Guarantors (Tables) | 6 Months Ended
--- | ---
Oct. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Condensed Consolidating Balance Sheet | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF OCTOBER 31, 2014 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,997 |  |  | $ | 257 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 2,734 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 603 |  |  |  | 58,561 |  |  |  | 139 |  |  |  | — |  |  |  | 59,303 |
Refundable income taxes |  |  | 411 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 411 |
Prepaid expenses |  |  | 2,677 |  |  |  | 5,357 |  |  |  | 7 |  |  |  | — |  |  |  | 8,041 |
Inventory |  |  | — |  |  |  | 4,170 |  |  |  | 29 |  |  |  | — |  |  |  | 4,199 |
Deferred income taxes |  |  | 2,222 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,222 |
Other current assets |  |  | 296 |  |  |  | 3,983 |  |  |  | 8 |  |  |  | — |  |  |  | 4,287 |
Current assets of discontinued operations |  |  | — |  |  |  | 371 |  |  |  | — |  |  |  | — |  |  |  | 371 |
Total current assets |  |  | 8,206 |  |  |  | 72,775 |  |  |  | 663 |  |  |  | — |  |  |  | 81,644 |
Property, plant and equipment, net |  |  | 4,365 |  |  |  | 401,290 |  |  |  | 649 |  |  |  | — |  |  |  | 406,304 |
Goodwill |  |  | — |  |  |  | 119,170 |  |  |  | — |  |  |  | — |  |  |  | 119,170 |
Intangible assets, net |  |  | 113 |  |  |  | 12,199 |  |  |  | — |  |  |  | — |  |  |  | 12,312 |
Restricted assets |  |  | — |  |  |  | 790 |  |  |  | — |  |  |  | — |  |  |  | 790 |
Cost method investments |  |  | 16,752 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 16,752 |
Investments in subsidiaries |  |  | (14,880 | ) |  |  | — |  |  |  | — |  |  |  | 14,880 |  |  |  | — |
Other non-current assets |  |  | 13,187 |  |  |  | 10,352 |  |  |  | — |  |  |  | — |  |  |  | 23,539 |
Non-current assets of discontinued operations |  |  | — |  |  |  | 1,283 |  |  |  | — |  |  |  | — |  |  |  | 1,283 |
|  |  | 19,537 |  |  |  | 547,016 |  |  |  | 649 |  |  |  | 12,948 |  |  |  | 580,150 |
Intercompany receivable |  |  | 535,113 |  |  |  | (498,152 | ) |  |  | (38,893 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 562,856 |  |  | $ | 121,639 |  |  | $ | (37,581 | ) |  | $ | 14,880 |  |  | $ | 661,794 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 88 |  |  | $ | 1,648 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,736 |
Accounts payable |  |  | 16,559 |  |  |  | 30,324 |  |  |  | 493 |  |  |  | — |  |  |  | 47,376 |
Accrued payroll and related expenses |  |  | 756 |  |  |  | 3,652 |  |  |  | 2 |  |  |  | — |  |  |  | 4,410 |
Accrued interest |  |  | 6,126 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 6,135 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 3,824 |  |  |  | 3 |  |  |  | — |  |  |  | 3,827 |
Other accrued liabilities |  |  | 9,167 |  |  |  | 9,277 |  |  |  | 228 |  |  |  | — |  |  |  | 18,672 |
Total current liabilities |  |  | 32,696 |  |  |  | 48,734 |  |  |  | 726 |  |  |  | — |  |  |  | 82,156 |
Long-term debt and capital leases, less current maturities |  |  | 520,861 |  |  |  | 1,181 |  |  |  | — |  |  |  | — |  |  |  | 522,042 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 40,414 |  |  |  | 37 |  |  |  | — |  |  |  | 40,451 |
Deferred income taxes |  |  | 7,046 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,046 |
Other long-term liabilities |  |  | 9,177 |  |  |  | 7,502 |  |  |  | 81 |  |  |  | — |  |  |  | 16,760 |
STOCKHOLDERS’ (DEFICIT) EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders (deficit)’ equity |  |  | (6,924 | ) |  |  | 23,808 |  |  |  | (38,688 | ) |  |  | 14,880 |  |  |  | (6,924 | )
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 263 |  |  |  | — |  |  |  | 263 |
Total stockholders’ (deficit) equity |  |  | (6,924 | ) |  |  | 23,808 |  |  |  | (38,425 | ) |  |  | 14,880 |  |  |  | (6,661 | )
|  | $ | 562,856 |  |  | $ | 121,639 |  |  | $ | (37,581 | ) |  | $ | 14,880 |  |  | $ | 661,794 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET AS OF APRIL 30, 2014 (in thousands, except for share and per share data)
ASSETS |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT ASSETS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,151 |  |  | $ | 271 |  |  | $ | 42 |  |  | $ | — |  |  | $ | 2,464 |
Restricted cash |  |  | — |  |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Accounts receivable - trade, net |  |  | 534 |  |  |  | 51,983 |  |  |  | 86 |  |  |  | — |  |  |  | 52,603 |
Refundable income taxes |  |  | 465 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 465 |
Prepaid expenses |  |  | 2,617 |  |  |  | 4,557 |  |  |  | 2 |  |  |  | — |  |  |  | 7,176 |
Inventory |  |  | — |  |  |  | 3,852 |  |  |  | 53 |  |  |  | — |  |  |  | 3,905 |
Deferred income taxes |  |  | 2,502 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,502 |
Other current assets |  |  | 312 |  |  |  | 936 |  |  |  | 7 |  |  |  | — |  |  |  | 1,255 |
Current assets of discontinued operations |  |  | — |  |  |  | 359 |  |  |  | — |  |  |  | — |  |  |  | 359 |
Total current assets |  |  | 8,581 |  |  |  | 62,034 |  |  |  | 190 |  |  |  | — |  |  |  | 70,805 |
Property, plant and equipment, net |  |  | 4,104 |  |  |  | 398,670 |  |  |  | 650 |  |  |  | — |  |  |  | 403,424 |
Goodwill |  |  | — |  |  |  | 119,139 |  |  |  | — |  |  |  | — |  |  |  | 119,139 |
Intangible assets, net |  |  | 159 |  |  |  | 13,261 |  |  |  | — |  |  |  | — |  |  |  | 13,420 |
Restricted assets |  |  | — |  |  |  | 681 |  |  |  | — |  |  |  | — |  |  |  | 681 |
Cost method investments |  |  | 16,752 |  |  |  | 1,932 |  |  |  | — |  |  |  | (1,932 | ) |  |  | 16,752 |
Investments in subsidiaries |  |  | (36,006 | ) |  |  | — |  |  |  | — |  |  |  | 36,006 |  |  |  | — |
Other non-current assets |  |  | 13,874 |  |  |  | 10,331 |  |  |  | — |  |  |  | — |  |  |  | 24,205 |
Non-current assets of discontinued operations |  |  | — |  |  |  | 1,471 |  |  |  | — |  |  |  | — |  |  |  | 1,471 |
|  |  | (1,117 | ) |  |  | 545,485 |  |  |  | 650 |  |  |  | 34,074 |  |  |  | 579,092 |
Intercompany receivable |  |  | 543,291 |  |  |  | (506,348 | ) |  |  | (38,875 | ) |  |  | 1,932 |  |  |  | — |
|  | $ | 550,755 |  |  | $ | 101,171 |  |  | $ | (38,035 | ) |  | $ | 36,006 |  |  | $ | 649,897 |
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY |  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current maturities of long-term debt and capital leases |  | $ | 84 |  |  | $ | 801 |  |  | $ | — |  |  | $ | — |  |  | $ | 885 |
Accounts payable |  |  | 22,678 |  |  |  | 28,286 |  |  |  | 824 |  |  |  | — |  |  |  | 51,788 |
Accrued payroll and related expenses |  |  | 1,212 |  |  |  | 4,849 |  |  |  | 1 |  |  |  | — |  |  |  | 6,062 |
Accrued interest |  |  | 6,084 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 6,087 |
Current accrued capping, closure and post-closure costs |  |  | — |  |  |  | 7,309 |  |  |  | 3 |  |  |  | — |  |  |  | 7,312 |
Other accrued liabilities |  |  | 7,289 |  |  |  | 10,081 |  |  |  | 242 |  |  |  | — |  |  |  | 17,612 |
Total current liabilities |  |  | 37,347 |  |  |  | 51,329 |  |  |  | 1,070 |  |  |  | — |  |  |  | 89,746 |
Long-term debt and capital leases, less current maturities |  |  | 504,836 |  |  |  | 2,298 |  |  |  | — |  |  |  | — |  |  |  | 507,134 |
Accrued capping, closure and post-closure costs, less current portion |  |  | — |  |  |  | 37,306 |  |  |  | 36 |  |  |  | — |  |  |  | 37,342 |
Deferred income taxes |  |  | 6,954 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,954 |
Other long-term liabilities |  |  | 10,025 |  |  |  | 7,149 |  |  |  | 84 |  |  |  | — |  |  |  | 17,258 |
STOCKHOLDERS’ (DEFICIT) EQUITY: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Casella Waste Systems, Inc. stockholders (deficit)’ equity |  |  | (8,407 | ) |  |  | 3,089 |  |  |  | (39,095 | ) |  |  | 36,006 |  |  |  | (8,407 | )
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (130 | ) |  |  | — |  |  |  | (130 | )
Total stockholders’ (deficit) equity |  |  | (8,407 | ) |  |  | 3,089 |  |  |  | (39,225 | ) |  |  | 36,006 |  |  |  | (8,537 | )
|  | $ | 550,755 |  |  | $ | 101,171 |  |  | $ | (38,035 | ) |  | $ | 36,006 |  |  | $ | 649,897 |
Schedule of Consolidating Statement of Operations | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED OCTOBER 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 141,040 |  |  | $ | 301 |  |  | $ | — |  |  | $ | 141,341 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 18 |  |  |  | 98,186 |  |  |  | 88 |  |  |  | — |  |  |  | 98,292 |
General and administration |  |  | 617 |  |  |  | 15,961 |  |  |  | 4 |  |  |  | — |  |  |  | 16,582 |
Depreciation and amortization |  |  | 188 |  |  |  | 15,840 |  |  |  | — |  |  |  | — |  |  |  | 16,028 |
Environmental remediation charge |  |  | — |  |  |  | 375 |  |  |  | — |  |  |  | — |  |  |  | 375 |
|  |  | 823 |  |  |  | 130,362 |  |  |  | 92 |  |  |  | — |  |  |  | 131,277 |
Operating income (loss) |  |  | (823 | ) |  |  | 10,678 |  |  |  | 209 |  |  |  | — |  |  |  | 10,064 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | (81 | ) |  |  | — |  |  |  | — |  |  |  | (81 | )
Interest expense |  |  | 9,710 |  |  |  | (87 | ) |  |  | — |  |  |  | — |  |  |  | 9,623 |
Earnings from consolidated entities |  |  | (11,111 | ) |  |  | — |  |  |  | — |  |  |  | 11,111 |  |  |  | — |
(Gain) loss on derivative instruments |  |  | 362 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 362 |
Other income |  |  | (265 | ) |  |  | (158 | ) |  |  | — |  |  |  | — |  |  |  | (423 | )
Other expense, net |  |  | (1,304 | ) |  |  | (326 | ) |  |  | — |  |  |  | 11,111 |  |  |  | 9,481 |
Income (loss) from continuing operations before income taxes |  |  | 481 |  |  |  | 11,004 |  |  |  | 209 |  |  |  | (11,111 | ) |  |  | 583 |
Provision (benefit) for income taxes |  |  | 222 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 222 |
Net income (loss) |  |  | 259 |  |  |  | 11,004 |  |  |  | 209 |  |  |  | (11,111 | ) |  |  | 361 |
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 102 |  |  |  | — |  |  |  | 102 |
Net income (loss) attributable to common stockholders |  | $ | 259 |  |  | $ | 11,004 |  |  | $ | 107 |  |  | $ | (11,111 | ) |  | $ | 259 |
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 |  |  |  | 15,783 |  |  |  | 51 |  |  |  | — |  |  |  | 16,429 |
Depreciation and amortization |  |  | 225 |  |  |  | 15,251 |  |  |  | 193 |  |  |  | — |  |  |  | 15,669 |
Environmental remediation charge |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Severance and reorganization costs |  |  | — |  |  |  | 53 |  |  |  | — |  |  |  | — |  |  |  | 53 |
|  |  | 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 SIX MONTHS ENDED OCTOBER 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non- Guarantors |  |  | Elimination |  |  | Consolidated |
Revenues |  | $ | — |  |  | $ | 282,130 |  |  | $ | 598 |  |  | $ | — |  |  | $ | 282,728 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of operations |  |  | 35 |  |  |  | 196,903 |  |  |  | 119 |  |  |  | — |  |  |  | 197,057 |
General and administration |  |  | 997 |  |  |  | 32,431 |  |  |  | (6 | ) |  |  | — |  |  |  | 33,422 |
Depreciation and amortization |  |  | 382 |  |  |  | 32,014 |  |  |  | — |  |  |  | — |  |  |  | 32,396 |
Environmental remediation charge |  |  | — |  |  |  | 450 |  |  |  | — |  |  |  | — |  |  |  | 450 |
|  |  | 1,414 |  |  |  | 261,798 |  |  |  | 113 |  |  |  | — |  |  |  | 263,325 |
Operating income (loss) |  |  | (1,414 | ) |  |  | 20,332 |  |  |  | 485 |  |  |  | — |  |  |  | 19,403 |
Other expense (income), net: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | — |  |  |  | (168 | ) |  |  | — |  |  |  | — |  |  |  | (168 | )
Interest expense |  |  | 19,300 |  |  |  | (127 | ) |  |  | — |  |  |  | — |  |  |  | 19,173 |
Earnings from consolidated entities |  |  | (21,198 | ) |  |  | — |  |  |  | — |  |  |  | 21,198 |  |  |  | — |
(Gain) loss on derivative instruments |  |  | 293 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 293 |
Other income |  |  | (290 | ) |  |  | (324 | ) |  |  | — |  |  |  | — |  |  |  | (614 | )
Other expense, net |  |  | (1,895 | ) |  |  | (619 | ) |  |  | — |  |  |  | 21,198 |  |  |  | 18,684 |
Income (loss) from continuing operations before income taxes |  |  | 481 |  |  |  | 20,951 |  |  |  | 485 |  |  |  | (21,198 | ) |  |  | 719 |
Provision (benefit) for income taxes |  |  | 512 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 512 |
Net income (loss) |  |  | (31 | ) |  |  | 20,951 |  |  |  | 485 |  |  |  | (21,198 | ) |  |  | 207 |
Less: Net income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 238 |  |  |  | — |  |  |  | 238 |
Net income (loss) attributable to common stockholders |  | $ | (31 | ) |  | $ | 20,951 |  |  | $ | 247 |  |  | $ | (21,198 | ) |  | $ | (31 | )
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 |  |  |  | 30,736 |  |  |  | 43 |  |  |  | — |  |  |  | 31,527 |
Depreciation and amortization |  |  | 437 |  |  |  | 30,055 |  |  |  | 374 |  |  |  | — |  |  |  | 30,866 |
Environmental remediation charge |  |  | — |  |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Severance and reorganization costs |  |  | 4 |  |  |  | 157 |  |  |  | — |  |  |  | — |  |  |  | 161 |
|  |  | 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 | )
Schedule of Consolidating Statement of Comprehensive Income (Loss) | CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED OCTOBER 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | 259 |  |  | $ | 11,004 |  |  | $ | 209 |  |  | $ | (11,111 | ) |  | $ | 361 |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (6 | )
Other comprehensive income (loss) |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (6 | )
Comprehensive income (loss) |  |  | 259 |  |  |  | 10,998 |  |  |  | 209 |  |  |  | (11,111 | ) |  |  | 355 |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 102 |  |  |  | — |  |  |  | 102 |
Comprehensive income (loss) attributable to common stockholders |  | $ | 259 |  |  | $ | 10,998 |  |  | $ | 107 |  |  | $ | (11,111 | ) |  | $ | 253 |
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (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 INCOME (LOSS) SIX MONTHS ENDED OCTOBER 31, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net income (loss) |  | $ | (31 | ) |  | $ | 20,951 |  |  | $ | 485 |  |  | $ | (21,198 | ) |  | $ | 207 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) resulting from changes in fair value of marketable securities |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Comprehensive income (loss) |  |  | (31 | ) |  |  | 20,957 |  |  |  | 485 |  |  |  | (21,198 | ) |  |  | 213 |
Less: Comprehensive income (loss) attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 238 |  |  |  | — |  |  |  | 238 |
Comprehensive income (loss) attributable to common stockholders |  | $ | (31 | ) |  | $ | 20,957 |  |  | $ | 247 |  |  | $ | (21,198 | ) |  | $ | (25 | )
CASELLA WASTE SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (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 | )
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, 2014 (in thousands)
|  | Parent |  |  | Guarantors |  |  | Non-Guarantors |  |  | Elimination |  |  | Consolidated |
Net cash provided by (used in) operating activities |  | $ | (15,540 | ) |  | $ | 38,246 |  |  | $ | 128 |  |  | $ | — |  |  | $ | 22,834 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions, net of cash acquired |  |  | — |  |  |  | (314 | ) |  |  | — |  |  |  | — |  |  |  | (314 | )
Acquisition related additions to property, plant and equipment |  |  | — |  |  |  | (45 | ) |  |  | — |  |  |  | — |  |  |  | (45 | )
Additions to property, plant and equipment |  |  | (598 | ) |  |  | (34,950 | ) |  |  | — |  |  |  | — |  |  |  | (35,548 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (2,454 | ) |  |  | — |  |  |  | — |  |  |  | (2,454 | )
Payments related to investments |  |  | — |  |  |  | (310 | ) |  |  | 310 |  |  |  | — |  |  |  | — |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 342 |  |  |  | — |  |  |  | — |  |  |  | 342 |
Net cash provided by (used in) investing activities |  |  | (598 | ) |  |  | (37,731 | ) |  |  | 310 |  |  |  | — |  |  |  | (38,019 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings |  |  | — |  |  |  | 80,700 |  |  |  | — |  |  |  | — |  |  |  | 80,700 |
Principal payments on long-term debt |  |  | (64,802 | ) |  |  | (268 | ) |  |  | — |  |  |  | — |  |  |  | (65,070 | )
Payments of financing costs |  |  | (506 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (506 | )
Proceeds from the exercise of share based awards |  |  | 143 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 143 |
Excess tax benefit on the vesting of share based awards |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12 |
Intercompany borrowings |  |  | 81,137 |  |  |  | (81,137 | ) |  |  | — |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 15,984 |  |  |  | (705 | ) |  |  | — |  |  |  | — |  |  |  | 15,279 |
Net cash provided by (used in) discontinued operations |  |  | — |  |  |  | 176 |  |  |  | — |  |  |  | — |  |  |  | 176 |
Net increase (decrease) in cash and cash equivalents |  |  | (154 | ) |  |  | (14 | ) |  |  | 438 |  |  |  | — |  |  |  | 270 |
Cash and cash equivalents, beginning of period |  |  | 2,151 |  |  |  | 271 |  |  |  | 42 |  |  |  | — |  |  |  | 2,464 |
Cash and cash equivalents, end of period |  | $ | 1,997 |  |  | $ | 257 |  |  | $ | 480 |  |  | $ | — |  |  | $ | 2,734 |
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 | )
Acquisition related additions to property, plant and equipment |  |  | — |  |  |  | (1,365 | ) |  |  | — |  |  |  | — |  |  |  | (1,365 | )
Additions to property, plant and equipment |  |  | (1,059 | ) |  |  | (24,575 | ) |  |  | (425 | ) |  |  | — |  |  |  | (26,059 | )
Payments on landfill operating lease contracts |  |  | — |  |  |  | (3,471 | ) |  |  | — |  |  |  | — |  |  |  | (3,471 | )
Payments related to investments |  |  | (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 |

X
- Definition Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_CondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but 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 condensed cash flow statement, including, but 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 condensed income statement, including, but 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