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Guarantor Subsidiaries And Non-Guarantor Subsidiaries (Tables) | 9 Months Ended
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Apr. 30, 2013
Guarantor Subsidiaries And Non Guarantor Subsidiaries |
Supplemental Condensed Consolidating Balance Sheet | Supplemental Condensed Consolidating Balance Sheet As of April 30, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 230,429 |  |  | $ | 7,306 |  |  | $ | — |  |  | $ | 237,735 |
Restricted cash |  | — |  |  | 10,894 |  |  | 1,097 |  |  | — |  |  | 11,991 |
Trade receivables, net |  | — |  |  | 70,424 |  |  | 3,309 |  |  | — |  |  | 73,733 |
Inventories, net |  | — |  |  | 61,014 |  |  | 187 |  |  | — |  |  | 61,201 |
Other current assets |  | 28,699 |  |  | 20,543 |  |  | 1,236 |  |  | — |  |  | 50,478 |
Total current assets |  | 28,699 |  |  | 393,304 |  |  | 13,135 |  |  | — |  |  | 435,138 |
Property, plant and equipment, net |  | — |  |  | 993,813 |  |  | 46,094 |  |  | — |  |  | 1,039,907 |
Real estate held for sale and investment |  | — |  |  | 201,861 |  |  | — |  |  | — |  |  | 201,861 |
Goodwill, net |  | — |  |  | 270,076 |  |  | 1,779 |  |  | — |  |  | 271,855 |
Intangible assets, net |  | — |  |  | 72,563 |  |  | 19,476 |  |  | — |  |  | 92,039 |
Other assets |  | 6,319 |  |  | 37,661 |  |  | 4,348 |  |  | (9,459 | ) |  | 38,869 |
Investments in subsidiaries |  | 1,885,121 |  |  | (2,153 | ) |  | — |  |  | (1,882,968 | ) |  | — |
Advances |  | (385,997 | ) |  | 382,375 |  |  | 3,622 |  |  | — |  |  | — |
Total assets |  | $ | 1,534,142 |  |  | $ | 2,349,500 |  |  | $ | 88,454 |  |  | $ | (1,892,427 | ) |  | $ | 2,079,669 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 12,856 |  |  | $ | 225,420 |  |  | $ | 8,076 |  |  | $ | — |  |  | $ | 246,352 |
Income taxes payable |  | 13,173 |  |  | — |  |  | — |  |  | — |  |  | 13,173 |
Long-term debt due within one year |  | — |  |  | 299 |  |  | 219 |  |  | — |  |  | 518 |
Total current liabilities |  | 26,029 |  |  | 225,719 |  |  | 8,295 |  |  | — |  |  | 260,043 |
Long-term debt |  | 390,000 |  |  | 41,502 |  |  | 57,738 |  |  | — |  |  | 489,240 |
Other long-term liabilities |  | 27,852 |  |  | 197,158 |  |  | 10,594 |  |  | (9,459 | ) |  | 226,145 |
Deferred income taxes |  | 201,513 |  |  | — |  |  | (2 | ) |  | — |  |  | 201,511 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 888,748 |  |  | 1,885,121 |  |  | (2,153 | ) |  | (1,882,968 | ) |  | 888,748 |
Noncontrolling interests |  | — |  |  | — |  |  | 13,982 |  |  | — |  |  | 13,982 |
Total stockholders’ equity |  | 888,748 |  |  | 1,885,121 |  |  | 11,829 |  |  | (1,882,968 | ) |  | 902,730 |
Total liabilities and stockholders’ equity |  | $ | 1,534,142 |  |  | $ | 2,349,500 |  |  | $ | 88,454 |  |  | $ | (1,892,427 | ) |  | $ | 2,079,669 |
Supplemental Condensed Consolidating Balance Sheet As of July 31, 2012 (in thousands)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 38,380 |  |  | $ | 7,673 |  |  | $ | — |  |  | $ | 46,053 |
Restricted cash |  | — |  |  | 13,300 |  |  | 984 |  |  | — |  |  | 14,284 |
Trade receivables, net |  | — |  |  | 64,185 |  |  | 1,558 |  |  | — |  |  | 65,743 |
Inventories, net |  | — |  |  | 65,673 |  |  | 200 |  |  | — |  |  | 65,873 |
Other current assets |  | 24,458 |  |  | 15,522 |  |  | 437 |  |  | — |  |  | 40,417 |
Total current assets |  | 24,458 |  |  | 197,060 |  |  | 10,852 |  |  | — |  |  | 232,370 |
Property, plant and equipment, net |  | — |  |  | 1,000,767 |  |  | 48,440 |  |  | — |  |  | 1,049,207 |
Real estate held for sale and investment |  | — |  |  | 237,668 |  |  | — |  |  | — |  |  | 237,668 |
Goodwill, net |  | — |  |  | 268,058 |  |  | 1,711 |  |  | — |  |  | 269,769 |
Intangible assets, net |  | — |  |  | 72,751 |  |  | 19,319 |  |  | — |  |  | 92,070 |
Other assets |  | 7,113 |  |  | 42,939 |  |  | 5,937 |  |  | (9,459 | ) |  | 46,530 |
Investments in subsidiaries |  | 1,775,195 |  |  | (553 | ) |  | — |  |  | (1,774,642 | ) |  | — |
Advances |  | (421,115 | ) |  | 418,001 |  |  | 3,114 |  |  | — |  |  | — |
Total assets |  | $ | 1,385,651 |  |  | $ | 2,236,691 |  |  | $ | 89,373 |  |  | $ | (1,784,101 | ) |  | $ | 1,927,614 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 6,542 |  |  | $ | 215,308 |  |  | $ | 5,688 |  |  | $ | — |  |  | $ | 227,538 |
Income taxes payable |  | 20,721 |  |  | — |  |  | — |  |  | — |  |  | 20,721 |
Long-term debt due within one year |  | — |  |  | 782 |  |  | 208 |  |  | — |  |  | 990 |
Total current liabilities |  | 27,263 |  |  | 216,090 |  |  | 5,896 |  |  | — |  |  | 249,249 |
Long-term debt |  | 390,000 |  |  | 41,817 |  |  | 57,958 |  |  | — |  |  | 489,775 |
Other long-term liabilities |  | 28,104 |  |  | 203,589 |  |  | 10,635 |  |  | (9,459 | ) |  | 232,869 |
Deferred income taxes |  | 137,973 |  |  | — |  |  | 1,420 |  |  | — |  |  | 139,393 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 802,311 |  |  | 1,775,195 |  |  | (553 | ) |  | (1,774,642 | ) |  | 802,311 |
Noncontrolling interests |  | — |  |  | — |  |  | 14,017 |  |  | — |  |  | 14,017 |
Total stockholders’ equity |  | 802,311 |  |  | 1,775,195 |  |  | 13,464 |  |  | (1,774,642 | ) |  | 816,328 |
Total liabilities and stockholders’ equity |  | $ | 1,385,651 |  |  | $ | 2,236,691 |  |  | $ | 89,373 |  |  | $ | (1,784,101 | ) |  | $ | 1,927,614 |
Supplemental Condensed Consolidating Balance Sheet As of April 30, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 138,001 |  |  | $ | 9,109 |  |  | $ | — |  |  | $ | 147,110 |
Restricted cash |  | — |  |  | 12,619 |  |  | 1,047 |  |  | — |  |  | 13,666 |
Trade receivables, net |  | — |  |  | 62,390 |  |  | 2,743 |  |  | — |  |  | 65,133 |
Inventories, net |  | — |  |  | 56,050 |  |  | 187 |  |  | — |  |  | 56,237 |
Other current assets |  | 32,809 |  |  | 20,925 |  |  | 1,937 |  |  | — |  |  | 55,671 |
Total current assets |  | 32,809 |  |  | 289,985 |  |  | 15,023 |  |  | — |  |  | 337,817 |
Property, plant and equipment, net |  | — |  |  | 1,007,074 |  |  | 49,169 |  |  | — |  |  | 1,056,243 |
Real estate held for sale and investment |  | — |  |  | 248,262 |  |  | — |  |  | — |  |  | 248,262 |
Goodwill, net |  | — |  |  | 268,057 |  |  | 1,621 |  |  | — |  |  | 269,678 |
Intangible assets, net |  | — |  |  | 74,327 |  |  | 19,388 |  |  | — |  |  | 93,715 |
Other assets |  | 7,368 |  |  | 32,124 |  |  | 4,532 |  |  | — |  |  | 44,024 |
Investments in subsidiaries |  | 1,857,590 |  |  | 2,147 |  |  | — |  |  | (1,859,737 | ) |  | — |
Advances |  | (381,351 | ) |  | 387,860 |  |  | (6,509 | ) |  | — |  |  | — |
Total assets |  | $ | 1,516,416 |  |  | $ | 2,309,836 |  |  | $ | 83,224 |  |  | $ | (1,859,737 | ) |  | $ | 2,049,739 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 12,852 |  |  | $ | 205,081 |  |  | $ | 6,114 |  |  | $ | — |  |  | $ | 224,047 |
Income taxes payable |  | 19,005 |  |  | — |  |  | — |  |  | — |  |  | 19,005 |
Long-term debt due within one year |  | — |  |  | 911 |  |  | 208 |  |  | — |  |  | 1,119 |
Total current liabilities |  | 31,857 |  |  | 205,992 |  |  | 6,322 |  |  | — |  |  | 244,171 |
Long-term debt |  | 390,000 |  |  | 41,799 |  |  | 57,958 |  |  | — |  |  | 489,757 |
Other long-term liabilities |  | 28,105 |  |  | 204,455 |  |  | 1,363 |  |  | — |  |  | 233,923 |
Deferred income taxes |  | 183,718 |  |  | — |  |  | 1,442 |  |  | — |  |  | 185,160 |
Total Vail Resorts, Inc. stockholders’ equity (deficit) |  | 882,736 |  |  | 1,857,590 |  |  | 2,147 |  |  | (1,859,737 | ) |  | 882,736 |
Noncontrolling interests |  | — |  |  | — |  |  | 13,992 |  |  | — |  |  | 13,992 |
Total stockholders’ equity |  | 882,736 |  |  | 1,857,590 |  |  | 16,139 |  |  | (1,859,737 | ) |  | 896,728 |
Total liabilities and stockholders’ equity |  | $ | 1,516,416 |  |  | $ | 2,309,836 |  |  | $ | 83,224 |  |  | $ | (1,859,737 | ) |  | $ | 2,049,739 |
Supplemental Condensed Consolidating Statement Of Operations | Supplemental Condensed Consolidating Statement of Operations For the three months ended April 30, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 467,095 |  |  | $ | 6,406 |  |  | $ | (3,810 | ) |  | $ | 469,691 |
Total operating expense |  | 116 |  |  | 301,696 |  |  | 6,309 |  |  | (3,772 | ) |  | 304,349 |
(Loss) income from operations |  | (116 | ) |  | 165,399 |  |  | 97 |  |  | (38 | ) |  | 165,342 |
Other expense, net |  | (6,600 | ) |  | (1,322 | ) |  | (322 | ) |  | 38 |  |  | (8,206 | )
Equity investment income, net |  | — |  |  | 266 |  |  | — |  |  | — |  |  | 266 |
(Loss) income before benefit (provision) from income taxes |  | (6,716 | ) |  | 164,343 |  |  | (225 | ) |  | — |  |  | 157,402 |
Benefit (provision) from income taxes |  | 2,551 |  |  | (62,452 | ) |  | 87 |  |  | — |  |  | (59,814 | )
Net (loss) income before equity in income (loss) of consolidated subsidiaries |  | (4,165 | ) |  | 101,891 |  |  | (138 | ) |  | — |  |  | 97,588 |
Equity in income (loss) of consolidated subsidiaries |  | 101,805 |  |  | (86 | ) |  | — |  |  | (101,719 | ) |  | — |
Net income (loss) |  | 97,640 |  |  | 101,805 |  |  | (138 | ) |  | (101,719 | ) |  | 97,588 |
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 52 |  |  | — |  |  | 52 |
Net income (loss) attributable to Vail Resorts, Inc. |  | $ | 97,640 |  |  | $ | 101,805 |  |  | $ | (86 | ) |  | $ | (101,719 | ) |  | $ | 97,640 |
Supplemental Condensed Consolidating Statement of Operations For the three months ended April 30, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 417,945 |  |  | $ | 6,225 |  |  | $ | (3,025 | ) |  | $ | 421,145 |
Total operating expense |  | 98 |  |  | 277,907 |  |  | 5,721 |  |  | (2,987 | ) |  | 280,739 |
(Loss) income from operations |  | (98 | ) |  | 140,038 |  |  | 504 |  |  | (38 | ) |  | 140,406 |
Other expense, net |  | (6,637 | ) |  | (1,514 | ) |  | (348 | ) |  | 38 |  |  | (8,461 | )
Equity investment income, net |  | — |  |  | 336 |  |  | — |  |  | — |  |  | 336 |
(Loss) income before benefit (provision) from income taxes |  | (6,735 | ) |  | 138,860 |  |  | 156 |  |  | — |  |  | 132,281 |
Benefit (provision) from income taxes |  | 2,626 |  |  | (55,379 | ) |  | — |  |  | — |  |  | (52,753 | )
Net (loss) income before equity in income of consolidated subsidiaries |  | (4,109 | ) |  | 83,481 |  |  | 156 |  |  | — |  |  | 79,528 |
Equity in income of consolidated subsidiaries |  | 83,678 |  |  | 197 |  |  | — |  |  | (83,875 | ) |  | — |
Net income |  | 79,569 |  |  | 83,678 |  |  | 156 |  |  | (83,875 | ) |  | 79,528 |
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Net income attributable to Vail Resorts, Inc. |  | $ | 79,569 |  |  | $ | 83,678 |  |  | $ | 197 |  |  | $ | (83,875 | ) |  | $ | 79,569 |
Supplemental Condensed Consolidating Statement of Operations For the nine months ended April 30, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 1,002,526 |  |  | $ | 15,780 |  |  | $ | (9,814 | ) |  | $ | 1,008,492 |
Total operating expense |  | 334 |  |  | 819,781 |  |  | 17,071 |  |  | (9,700 | ) |  | 827,486 |
(Loss) income from operations |  | (334 | ) |  | 182,745 |  |  | (1,291 | ) |  | (114 | ) |  | 181,006 |
Other expense, net |  | (19,810 | ) |  | (4,257 | ) |  | (1,009 | ) |  | 114 |  |  | (24,962 | )
Equity investment income, net |  | — |  |  | 799 |  |  | — |  |  | — |  |  | 799 |
(Loss) income before benefit (provision) from income taxes |  | (20,144 | ) |  | 179,287 |  |  | (2,300 | ) |  | — |  |  | 156,843 |
Benefit (provision) from income taxes |  | 7,708 |  |  | (67,225 | ) |  | 188 |  |  | — |  |  | (59,329 | )
Net (loss) income before equity in income (loss) of consolidated subsidiaries |  | (12,436 | ) |  | 112,062 |  |  | (2,112 | ) |  | — |  |  | 97,514 |
Equity in income (loss) of consolidated subsidiaries |  | 110,047 |  |  | (2,015 | ) |  | — |  |  | (108,032 | ) |  | — |
Net income (loss) |  | 97,611 |  |  | 110,047 |  |  | (2,112 | ) |  | (108,032 | ) |  | 97,514 |
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 97 |  |  | — |  |  | 97 |
Net income (loss) attributable to Vail Resorts, Inc. |  | $ | 97,611 |  |  | $ | 110,047 |  |  | $ | (2,015 | ) |  | $ | (108,032 | ) |  | $ | 97,611 |
Supplemental Condensed Consolidating Statement of Operations For the nine months ended April 30, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Total net revenue |  | $ | — |  |  | $ | 907,169 |  |  | $ | 12,615 |  |  | $ | (8,934 | ) |  | $ | 910,850 |
Total operating expense |  | 39 |  |  | 766,644 |  |  | 12,736 |  |  | (8,819 | ) |  | 770,600 |
(Loss) income from operations |  | (39 | ) |  | 140,525 |  |  | (121 | ) |  | (115 | ) |  | 140,250 |
Other expense, net |  | (19,922 | ) |  | (4,022 | ) |  | (1,041 | ) |  | 115 |  |  | (24,870 | )
Equity investment income, net |  | — |  |  | 944 |  |  | — |  |  | — |  |  | 944 |
(Loss) income before benefit (provision) from income taxes |  | (19,961 | ) |  | 137,447 |  |  | (1,162 | ) |  | — |  |  | 116,324 |
Benefit (provision) from income taxes |  | 8,206 |  |  | (54,314 | ) |  | — |  |  | — |  |  | (46,108 | )
Net (loss) income before equity in income (loss) of consolidated subsidiaries |  | (11,755 | ) |  | 83,133 |  |  | (1,162 | ) |  | — |  |  | 70,216 |
Equity in income (loss) of consolidated subsidiaries |  | 82,005 |  |  | (1,128 | ) |  | — |  |  | (80,877 | ) |  | — |
Net income (loss) |  | 70,250 |  |  | 82,005 |  |  | (1,162 | ) |  | (80,877 | ) |  | 70,216 |
Net loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Net income (loss) attributable to Vail Resorts, Inc. |  | $ | 70,250 |  |  | $ | 82,005 |  |  | $ | (1,128 | ) |  | $ | (80,877 | ) |  | $ | 70,250 |
SupplementalCondensedStatementofComprehensiveIncome [Text Block] | Statement of Comprehensive Income (Loss) For the three months ended April 30, 2013 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net income (loss) |  | $ | 97,640 |  |  | $ | 101,805 |  |  | $ | (138 | ) |  | $ | (101,719 | ) |  | $ | 97,588 |
Foreign currency translation adjustments, net of tax |  | (202 | ) |  | (202 | ) |  | (202 | ) |  | 404 |  |  | (202 | )
Comprehensive income (loss) |  | 97,438 |  |  | 101,603 |  |  | (340 | ) |  | (101,315 | ) |  | 97,386 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 52 |  |  | — |  |  | 52 |
Comprehensive income (loss) attributable to Vail Resorts, Inc. |  | $ | 97,438 |  |  | $ | 101,603 |  |  | $ | (288 | ) |  | $ | (101,315 | ) |  | $ | 97,438 |
Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss) For the three months ended April 30, 2012 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net income |  | $ | 79,569 |  |  | $ | 83,678 |  |  | $ | 156 |  |  | $ | (83,875 | ) |  | $ | 79,528 |
Foreign currency translation adjustments, net of tax |  | 61 |  |  | 61 |  |  | 61 |  |  | (122 | ) |  | 61 |
Comprehensive income |  | 79,630 |  |  | 83,739 |  |  | 217 |  |  | (83,997 | ) |  | 79,589 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 41 |  |  | — |  |  | 41 |
Comprehensive income attributable to Vail Resorts, Inc. |  | $ | 79,630 |  |  | $ | 83,739 |  |  | $ | 258 |  |  | $ | (83,997 | ) |  | $ | 79,630 |
Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss) For the nine months ended April 30, 2013 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net income (loss) |  | $ | 97,611 |  |  | $ | 110,047 |  |  | $ | (2,112 | ) |  | $ | (108,032 | ) |  | $ | 97,514 |
Foreign currency translation adjustments, net of tax |  | 251 |  |  | 251 |  |  | 251 |  |  | (502 | ) |  | 251 |
Comprehensive income (loss) |  | 97,862 |  |  | 110,298 |  |  | (1,861 | ) |  | (108,534 | ) |  | 97,765 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 97 |  |  | — |  |  | 97 |
Comprehensive income (loss) attributable to Vail Resorts, Inc. |  | $ | 97,862 |  |  | $ | 110,298 |  |  | $ | (1,764 | ) |  | $ | (108,534 | ) |  | $ | 97,862 |
Supplemental Condensed Consolidating Statement of Comprehensive Income (Loss) For the nine months ended April 30, 2012 (In thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Eliminating Entries |  | Consolidated
Net income (loss) |  | $ | 70,250 |  |  | $ | 82,005 |  |  | $ | (1,162 | ) |  | $ | (80,877 | ) |  | $ | 70,216 |
Foreign currency translation adjustments, net of tax |  | 61 |  |  | 61 |  |  | 61 |  |  | (122 | ) |  | 61 |
Comprehensive income (loss) |  | 70,311 |  |  | 82,066 |  |  | (1,101 | ) |  | (80,999 | ) |  | 70,277 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | — |  |  | 34 |  |  | — |  |  | 34 |
Comprehensive income (loss) attributable to Vail Resorts, Inc. |  | $ | 70,311 |  |  | $ | 82,066 |  |  | $ | (1,067 | ) |  | $ | (80,999 | ) |  | $ | 70,311 |
Supplemental Condensed Consolidating Statement Of Cash Flows | Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended April 30, 2013 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash provided by operating activities |  | $ | 46,034 |  |  | $ | 244,970 |  |  | $ | 341 |  |  | $ | 291,345 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (64,765 | ) |  | (696 | ) |  | (65,461 | )
Acquisition of businesses |  | — |  |  | (19,958 | ) |  | — |  |  | (19,958 | )
Other investing activities, net |  | — |  |  | 943 |  |  | (82 | ) |  | 861 |
Net cash used in investing activities |  | — |  |  | (83,780 | ) |  | (778 | ) |  | (84,558 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from borrowings under other long-term debt |  | — |  |  | 96,000 |  |  | — |  |  | 96,000 |
Payments of other long-term debt |  | — |  |  | (96,781 | ) |  | (208 | ) |  | (96,989 | )
Dividends paid |  | (20,905 | ) |  | — |  |  | — |  |  | (20,905 | )
Other financing activities, net |  | 3,986 |  |  | 2,608 |  |  | 184 |  |  | 6,778 |
Advances |  | (29,115 | ) |  | 29,065 |  |  | 50 |  |  | — |
Net cash (used in) provided by financing activities |  | (46,034 | ) |  | 30,892 |  |  | 26 |  |  | (15,116 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | (33 | ) |  | 44 |  |  | 11 |
Net increase (decrease) in cash and cash equivalents |  | — |  |  | 192,049 |  |  | (367 | ) |  | 191,682 |
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 38,380 |  |  | 7,673 |  |  | 46,053 |
End of period |  | $ | — |  |  | $ | 230,429 |  |  | $ | 7,306 |  |  | $ | 237,735 |
Supplemental Condensed Consolidating Statement of Cash Flows For the nine months ended April 30, 2012 (in thousands) (Unaudited)
|  | Parent Company |  | 100% Owned Guarantor Subsidiaries |  | Other Subsidiaries |  | Consolidated
Net cash provided by operating activities |  | $ | 38,944 |  |  | $ | 193,371 |  |  | $ | 1,730 |  |  | $ | 234,045 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (107,779 | ) |  | (220 | ) |  | (107,999 | )
Acquisition of businesses |  | — |  |  | (24,311 | ) |  | 832 |  |  | (23,479 | )
Other investing activities, net |  | — |  |  | (944 | ) |  | — |  |  | (944 | )
Net cash (used in) provided by investing activities |  | — |  |  | (133,034 | ) |  | 612 |  |  | (132,422 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from borrowings under other long-term debt |  | — |  |  | 56,000 |  |  | — |  |  | 56,000 |
Payments of long-term debt |  | — |  |  | (56,805 | ) |  | (197 | ) |  | (57,002 | )
Repurchase of common stock |  | (7,869 | ) |  | — |  |  | — |  |  | (7,869 | )
Dividends paid |  | (17,559 | ) |  | — |  |  | — |  |  | (17,559 | )
Other financing activities, net |  | 1,502 |  |  | 86 |  |  | 190 |  |  | 1,778 |
Advances |  | (15,018 | ) |  | 15,018 |  |  | — |  |  | — |
Net cash (used in) provided by financing activities |  | (38,944 | ) |  | 14,299 |  |  | (7 | ) |  | (24,652 | )
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (4 | ) |  | (4 | )
Net increase in cash and cash equivalents |  | — |  |  | 74,636 |  |  | 2,331 |  |  | 76,967 |
Cash and cash equivalents: |  |  |  |  |  |  |  |
Beginning of period |  | — |  |  | 63,365 |  |  | 6,778 |  |  | 70,143 |
End of period |  | $ | — |  |  | $ | 138,001 |  |  | $ | 9,109 |  |  | $ | 147,110 |

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