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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables) | 3 Months Ended
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Mar. 31, 2017
Separate Financial Information of Subsidiary Guarantors of Indebtedness [Abstract] |
Condensed Consolidating Statement of Operations | TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2017 ﻿ UNAUDITED ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Revenue |  | $ | 246,011 |  | $ | 999,356 |  | $ | 6,756 |  | $ | (134,762) |  | $ | 1,117,361
﻿Cost of operations |  |  | (223,588) |  |  | (925,815) |  |  | — |  |  | 134,762 |  |  | (1,014,641)
﻿Gross profit |  |  | 22,423 |  |  | 73,541 |  |  | 6,756 |  |  | — |  |  | 102,720
﻿General and administrative expenses |  |  | (22,238) |  |  | (42,998) |  |  | (467) |  |  | — |  |  | (65,703)
﻿Income from construction operations |  |  | 185 |  |  | 30,543 |  |  | 6,289 |  |  | — |  |  | 37,017
﻿Equity in earnings of subsidiaries |  |  | 23,529 |  |  | — |  |  | — |  |  | (23,529) |  |  | —
﻿Other income (expense), net |  |  | (252) |  |  | 707 |  |  | 307 |  |  | (345) |  |  | 417
﻿Interest expense |  |  | (15,451) |  |  | (458) |  |  | — |  |  | 345 |  |  | (15,564)
﻿Income before income taxes |  |  | 8,011 |  |  | 30,792 |  |  | 6,596 |  |  | (23,529) |  |  | 21,870
﻿Benefit (provision) for income taxes |  |  | 5,753 |  |  | (11,414) |  |  | (2,445) |  |  | — |  |  | (8,106)
﻿Net income (loss) |  | $ | 13,764 |  | $ | 19,378 |  | $ | 4,151 |  | $ | (23,529) |  | $ | 13,764
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income of subsidiaries |  |  | (75) |  |  | — |  |  | — |  |  | 75 |  |  | —
﻿Defined benefit pension plan adjustments |  |  | 268 |  |  | — |  |  | — |  |  | — |  |  | 268
﻿Foreign currency translation adjustments |  |  | — |  |  | (54) |  |  | — |  |  | — |  |  | (54)
﻿Unrealized loss in fair value of investments |  |  | — |  |  | (21) |  |  | — |  |  | — |  |  | (21)
﻿Total other comprehensive (loss) income, net of tax |  |  | 193 |  |  | (75) |  |  | — |  |  | 75 |  |  | 193
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total Comprehensive Income |  | $ | 13,957 |  | $ | 19,303 |  | $ | 4,151 |  | $ | (23,454) |  | $ | 13,957
﻿ TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2016 ﻿ UNAUDITED ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Revenue |  | $ | 176,725 |  | $ | 986,361 |  | $ | 7,104 |  | $ | (84,821) |  | $ | 1,085,369
﻿Cost of operations |  |  | (154,289) |  |  | (910,809) |  |  | — |  |  | 84,821 |  |  | (980,277)
﻿Gross profit |  |  | 22,436 |  |  | 75,552 |  |  | 7,104 |  |  | — |  |  | 105,092
﻿General and administrative expenses |  |  | (21,658) |  |  | (42,837) |  |  | (475) |  |  | — |  |  | (64,970)
﻿Income from construction operations |  |  | 778 |  |  | 32,715 |  |  | 6,629 |  |  | — |  |  | 40,122
﻿Equity in earnings of subsidiaries |  |  | 23,079 |  |  | — |  |  | — |  |  | (23,079) |  |  | —
﻿Other income (expense), net |  |  | (621) |  |  | 1,060 |  |  | 243 |  |  | — |  |  | 682
﻿Interest expense |  |  | (13,484) |  |  | (596) |  |  | — |  |  | — |  |  | (14,080)
﻿Income before income taxes |  |  | 9,752 |  |  | 33,179 |  |  | 6,872 |  |  | (23,079) |  |  | 26,724
﻿Benefit (provision) for income taxes |  |  | 5,648 |  |  | (14,060) |  |  | (2,912) |  |  | — |  |  | (11,324)
﻿Net income (loss) |  | $ | 15,400 |  | $ | 19,119 |  | $ | 3,960 |  | $ | (23,079) |  | $ | 15,400
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other comprehensive income of subsidiaries |  |  | 938 |  |  | — |  |  | — |  |  | (938) |  |  | —
﻿Defined benefit pension plan adjustments |  |  | 247 |  |  | — |  |  | — |  |  | — |  |  | 247
﻿Foreign currency translation adjustments |  |  | — |  |  | 930 |  |  | — |  |  | — |  |  | 930
﻿Unrealized gain in fair value of investments |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 8
﻿Unrealized loss in fair value of interest rate swap |  |  | (35) |  |  | — |  |  | — |  |  | — |  |  | (35)
﻿Total other comprehensive income, net of tax |  |  | 1,150 |  |  | 938 |  |  | — |  |  | (938) |  |  | 1,150
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Total Comprehensive Income (Loss) |  | $ | 16,550 |  | $ | 20,057 |  | $ | 3,960 |  | $ | (24,017) |  | $ | 16,550
﻿ ﻿
Condensed Consolidating Balance Sheet | TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2017 ﻿ UNAUDITED ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 56,767 |  | $ | 47,765 |  | $ | 285 |  | $ | — |  | $ | 104,817
﻿Restricted cash |  | 2,017 |  |  | 1,840 |  |  | 56,301 |  |  | — |  |  | 60,158
﻿Accounts receivable |  | 435,844 |  |  | 1,432,775 |  |  | 94,653 |  |  | (213,670) |  |  | 1,749,602
﻿Costs and estimated earnings in excess of billings |  | 145,252 |  |  | 766,012 |  |  | 152 |  |  | (70,656) |  |  | 840,760
﻿Other current assets |  | 43,461 |  |  | 44,863 |  |  | 6,276 |  |  | (36,118) |  |  | 58,482
﻿Total current assets |  | 683,341 |  |  | 2,293,255 |  |  | 157,667 |  |  | (320,444) |  |  | 2,813,819
﻿Property and equipment, net |  | 62,529 |  |  | 396,571 |  |  | 3,595 |  |  | — |  |  | 462,695
﻿Intercompany notes and receivables |  | — |  |  | 167,761 |  |  | — |  |  | (167,761) |  |  | —
﻿Goodwill |  | — |  |  | 585,006 |  |  | — |  |  | — |  |  | 585,006
﻿Intangible assets, net |  | — |  |  | 92,111 |  |  | — |  |  | — |  |  | 92,111
﻿Investment in subsidiaries |  | 2,188,874 |  |  | — |  |  | — |  |  | (2,188,874) |  |  | —
﻿Other Assets |  | 41,930 |  |  | 8,982 |  |  | 2,407 |  |  | (8,467) |  |  | 44,852
﻿Total assets | $ | 2,976,674 |  | $ | 3,543,686 |  | $ | 163,669 |  | $ | (2,685,546) |  | $ | 3,998,483
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities and stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current maturities of long-term debt | $ | 68,655 |  | $ | 23,943 |  | $ | — |  | $ | (65,000) |  | $ | 27,598
﻿Accounts payable |  | 253,609 |  |  | 913,456 |  |  | 4,943 |  |  | (206,077) |  |  | 965,931
﻿Billings in excess of costs and estimated earnings |  | 94,701 |  |  | 196,933 |  |  | 9,751 |  |  | (12,590) |  |  | 288,795
﻿Accrued expenses and other current liabilities |  | 47,246 |  |  | 86,668 |  |  | 15,311 |  |  | (36,777) |  |  | 112,448
﻿Total current liabilities |  | 464,211 |  |  | 1,221,000 |  |  | 30,005 |  |  | (320,444) |  |  | 1,394,772
﻿Long-term debt, less current maturities |  | 699,786 |  |  | 59,465 |  |  | — |  |  | (6,060) |  |  | 753,191
﻿Deferred income taxes |  | 16,083 |  |  | 116,940 |  |  | — |  |  | (2,407) |  |  | 130,616
﻿Other long-term liabilities |  | 106,621 |  |  | 2,442 |  |  | 50,714 |  |  | — |  |  | 159,777
﻿Intercompany notes and advances payable |  | 129,846 |  |  | — |  |  | 37,915 |  |  | (167,761) |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Contingencies and commitments |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Stockholders’ equity |  | 1,560,127 |  |  | 2,143,839 |  |  | 45,035 |  |  | (2,188,874) |  |  | 1,560,127
﻿Total liabilities and stockholders' equity | $ | 2,976,674 |  | $ | 3,543,686 |  | $ | 163,669 |  | $ | (2,685,546) |  | $ | 3,998,483
TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 201 6 ﻿ UNAUDITED ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash and cash equivalents | $ | 80,829 |  | $ | 65,079 |  | $ | 195 |  | $ | — |  | $ | 146,103
﻿Restricted cash |  | 2,016 |  |  | 2,211 |  |  | 46,277 |  |  | — |  |  | 50,504
﻿Accounts receivable |  | 426,176 |  |  | 1,441,263 |  |  | 107,380 |  |  | (231,519) |  |  | 1,743,300
﻿Costs and estimated earnings in excess of billings |  | 140,901 |  |  | 758,158 |  |  | 152 |  |  | (67,385) |  |  | 831,826
﻿Other current assets |  | 76,453 |  |  | 38,889 |  |  | 7,498 |  |  | (56,817) |  |  | 66,023
﻿Total current assets |  | 726,375 |  |  | 2,305,600 |  |  | 161,502 |  |  | (355,721) |  |  | 2,837,756
﻿Property and equipment, net |  | 74,739 |  |  | 399,091 |  |  | 3,796 |  |  | — |  |  | 477,626
﻿Intercompany notes and receivables |  | — |  |  | 242,382 |  |  | — |  |  | (242,382) |  |  | —
﻿Goodwill |  | — |  |  | 585,006 |  |  | — |  |  | — |  |  | 585,006
﻿Intangible assets, net |  | — |  |  | 92,997 |  |  | — |  |  | — |  |  | 92,997
﻿Investment in subsidiaries |  | 2,223,971 |  |  | — |  |  | — |  |  | (2,223,971) |  |  | —
﻿Other Assets |  | 42,324 |  |  | 8,905 |  |  | 2,407 |  |  | (8,401) |  |  | 45,235
﻿Total assets | $ | 3,067,409 |  | $ | 3,633,981 |  | $ | 167,705 |  | $ | (2,830,475) |  | $ | 4,038,620
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities and stockholders' equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Current maturities of long-term debt | $ | 122,166 |  | $ | 23,724 |  | $ | — |  | $ | (60,000) |  | $ | 85,890
﻿Accounts payable |  | 280,342 |  |  | 937,428 |  |  | 2,495 |  |  | (226,249) |  |  | 994,016
﻿Billings in excess of costs and estimated earnings |  | 102,373 |  |  | 229,746 |  |  | 19,564 |  |  | (20,571) |  |  | 331,112
﻿Accrued expenses and other current liabilities |  | 60,227 |  |  | 76,002 |  |  | 20,597 |  |  | (48,901) |  |  | 107,925
﻿Total current liabilities |  | 565,108 |  |  | 1,266,900 |  |  | 42,656 |  |  | (355,721) |  |  | 1,518,943
﻿Long-term debt, less current maturities |  | 614,608 |  |  | 65,015 |  |  | — |  |  | (5,994) |  |  | 673,629
﻿Deferred income taxes |  | 16,475 |  |  | 116,939 |  |  | — |  |  | (2,407) |  |  | 131,007
﻿Other long-term liabilities |  | 111,108 |  |  | 2,415 |  |  | 48,495 |  |  | — |  |  | 162,018
﻿Intercompany notes and advances payable |  | 207,087 |  |  | — |  |  | 35,295 |  |  | (242,382) |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Contingencies and commitments |  | — |  |  | — |  |  | — |  |  | — |  |  | —
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Stockholders’ equity |  | 1,553,023 |  |  | 2,182,712 |  |  | 41,259 |  |  | (2,223,971) |  |  | 1,553,023
﻿Total liabilities and stockholders' equity | $ | 3,067,409 |  | $ | 3,633,981 |  | $ | 167,705 |  | $ | (2,830,475) |  | $ | 4,038,620
﻿
Condensed Consolidating Statement of Cash Flows | TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2017 ﻿ UNAUDITED ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net income |  | $ | 13,764 |  | $ | 19,378 |  | $ | 4,151 |  | $ | (23,529) |  | $ | 13,764
﻿Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  |  | 11,975 |  |  | 8,820 |  |  | 201 |  |  | — |  |  | 20,996
﻿Equity in earnings of subsidiaries |  |  | (23,529) |  |  | — |  |  | — |  |  | 23,529 |  |  | —
﻿Share-based compensation expense |  |  | 3,956 |  |  | 350 |  |  | — |  |  | — |  |  | 4,306
﻿Change in debt discount and deferred debt issuance costs |  |  | 50,636 |  |  | (46,800) |  |  | — |  |  | — |  |  | 3,836
﻿Deferred income taxes |  |  | (614) |  |  | 88 |  |  | — |  |  | — |  |  | (526)
﻿Loss on sale of property and equipment |  |  | — |  |  | (131) |  |  | — |  |  | — |  |  | (131)
﻿Other long-term liabilities |  |  | (4,105) |  |  | 62 |  |  | 2,219 |  |  | — |  |  | (1,824)
﻿Other non-cash items |  |  | 461 |  |  | (194) |  |  | — |  |  | — |  |  | 267
﻿Changes in other components of working capital |  |  | 30,668 |  |  | (105,124) |  |  | 923 |  |  | — |  |  | (73,533)
﻿NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES |  |  | 83,212 |  |  | (123,551) |  |  | 7,494 |  |  | — |  |  | (32,845)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Acquisition of property and equipment excluding financed purchases |  |  | (155) |  |  | (5,517) |  |  | — |  |  | — |  |  | (5,672)
﻿Proceeds from sale of property and equipment |  |  | — |  |  | 259 |  |  | — |  |  | — |  |  | 259
﻿Decrease (increase) in intercompany advances |  |  | — |  |  | 74,626 |  |  | — |  |  | (74,626) |  |  | —
﻿Change in restricted cash |  |  | (1) |  |  | 371 |  |  | (10,024) |  |  | — |  |  | (9,654)
﻿NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES |  |  | (156) |  |  | 69,739 |  |  | (10,024) |  |  | (74,626) |  |  | (15,067)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from debt |  |  | 319,977 |  |  | (6,000) |  |  | — |  |  | — |  |  | 313,977
﻿Repayment of debt |  |  | (292,087) |  |  | (4,398) |  |  | — |  |  | — |  |  | (296,485)
﻿Issuance of common stock and effect of cashless exercise |  |  | (10,905) |  |  | 96 |  |  | — |  |  | — |  |  | (10,809)
﻿Debt issuance costs |  |  | (46,857) |  |  | 46,800 |  |  | — |  |  | — |  |  | (57)
﻿Increase (decrease) in intercompany advances |  |  | (77,246) |  |  | — |  |  | 2,620 |  |  | 74,626 |  |  | —
﻿NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES |  |  | (107,118) |  |  | 36,498 |  |  | 2,620 |  |  | 74,626 |  |  | 6,626
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net (decrease) increase in cash and cash equivalents |  |  | (24,062) |  |  | (17,314) |  |  | 90 |  |  | — |  |  | (41,286)
﻿Cash and cash equivalents at beginning of period |  |  | 80,829 |  |  | 65,079 |  |  | 195 |  |  | — |  |  | 146,103
﻿Cash and cash equivalents at end of period |  | $ | 56,767 |  | $ | 47,765 |  | $ | 285 |  | $ | — |  | $ | 104,817
TUTOR PERINI CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2016 ﻿ UNAUDITED ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  | Non- |  |  |  |  |  |
﻿ |  | Tutor Perini |  | Guarantor |  | Guarantor |  |  |  |  | Total
﻿(in thousands) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
﻿Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net income |  | $ | 15,400 |  | $ | 19,119 |  | $ | 3,960 |  | $ | (23,079) |  | $ | 15,400
﻿Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization |  |  | 5,626 |  |  | 8,800 |  |  | 70 |  |  | — |  |  | 14,496
﻿Equity in earnings of subsidiaries |  |  | (23,079) |  |  | — |  |  | — |  |  | 23,079 |  |  | —
﻿Share-based compensation expense |  |  | 3,647 |  |  | — |  |  | — |  |  | — |  |  | 3,647
﻿Deferred income taxes |  |  | (153) |  |  | (2) |  |  | — |  |  | — |  |  | (155)
﻿Loss on sale of property and equipment |  |  | 202 |  |  | 83 |  |  | — |  |  | — |  |  | 285
﻿Other long-term liabilities |  |  | (3,822) |  |  | (954) |  |  | 715 |  |  | — |  |  | (4,061)
﻿Other non-cash items |  |  | (90) |  |  | 1,489 |  |  | — |  |  | — |  |  | 1,399
﻿Changes in other components of working capital |  |  | 12,879 |  |  | (25,578) |  |  | (2,368) |  |  | — |  |  | (15,067)
﻿NET CASH PROVIDED BY OPERATING ACTIVITIES |  |  | 10,610 |  |  | 2,957 |  |  | 2,377 |  |  | — |  |  | 15,944
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Acquisition of property and equipment excluding financed purchases |  |  | (1,282) |  |  | (3,530) |  |  | — |  |  | — |  |  | (4,812)
﻿Proceeds from sale of property and equipment |  |  | 75 |  |  | 864 |  |  | — |  |  | — |  |  | 939
﻿Decrease (increase) in intercompany advances |  |  | — |  |  | 24,653 |  |  | — |  |  | (24,653) |  |  | —
﻿Change in restricted cash |  |  | 109 |  |  | (403) |  |  | (3,011) |  |  | — |  |  | (3,305)
﻿NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES |  |  | (1,098) |  |  | 21,584 |  |  | (3,011) |  |  | (24,653) |  |  | (7,178)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Proceeds from debt |  |  | 299,785 |  |  | — |  |  | — |  |  | — |  |  | 299,785
﻿Repayment of debt |  |  | (276,202) |  |  | (11,282) |  |  | — |  |  | — |  |  | (287,484)
﻿Debt issuance costs |  |  | (5,937) |  |  | — |  |  | — |  |  | — |  |  | (5,937)
﻿Increase (decrease) in intercompany advances |  |  | (24,628) |  |  | — |  |  | (25) |  |  | 24,653 |  |  | —
﻿NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES |  |  | (6,982) |  |  | (11,282) |  |  | (25) |  |  | 24,653 |  |  | 6,364
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Net increase (decrease) in cash and cash equivalents |  |  | 2,530 |  |  | 13,259 |  |  | (659) |  |  | — |  |  | 15,130
﻿Cash and cash equivalents at beginning of period |  |  | 47,196 |  |  | 26,892 |  |  | 1,364 |  |  | — |  |  | 75,452
﻿Cash and cash equivalents at end of period |  | $ | 49,726 |  | $ | 40,151 |  | $ | 705 |  | $ | — |  | $ | 90,582
﻿

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