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Condensed Consolidating Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2020
Condensed Consolidating Financial Information Disclosure [Abstract] |
Condensed Consolidating Statement of Operations and Comprehensive Income | CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (dollars in thousands) (unaudited)
|  | For the Three Months Ended March 31, 2020 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | 238,715 |  |  | $ | 492,774 |  |  | $ | 65,111 |  |  | $ | (191,583 | ) |  | $ | 605,017 |
Operating expenses |  |  | 187,566 |  |  |  | 414,639 |  |  |  | 50,700 |  |  |  | (191,583 | ) |  |  | 461,322 |
Depreciation and amortization |  |  | 7,816 |  |  |  | 24,574 |  |  |  | 937 |  |  |  | — |  |  |  | 33,327 |
General and administrative expenses |  |  | 21,021 |  |  |  | 27,027 |  |  |  | 5,734 |  |  |  | — |  |  |  | 53,782 |
Operating income |  |  | 22,312 |  |  |  | 26,534 |  |  |  | 7,740 |  |  |  | — |  |  |  | 56,586 |
Interest income |  |  | 3,358 |  |  |  | 1,372 |  |  |  | 5,005 |  |  |  | (4,297 | ) |  |  | 5,438 |
Interest expense |  |  | (20,738 | ) |  |  | (13,616 | ) |  |  | (4,123 | ) |  |  | 4,297 |  |  |  | (34,180 | )
Gain on extinguishment of debt |  |  | — |  |  |  | 1,563 |  |  |  | — |  |  |  | — |  |  |  | 1,563 |
Income before income taxes and equity in earnings of affiliates |  |  | 4,932 |  |  |  | 15,853 |  |  |  | 8,622 |  |  |  | — |  |  |  | 29,407 |
Income tax provision |  |  | 198 |  |  |  | 4,034 |  |  |  | 2,314 |  |  |  | — |  |  |  | 6,546 |
Equity in earnings of affiliates, net of income tax provision |  |  | — |  |  |  | — |  |  |  | 2,260 |  |  |  | — |  |  |  | 2,260 |
Income before equity in income of consolidated subsidiaries |  |  | 4,734 |  |  |  | 11,819 |  |  |  | 8,568 |  |  |  | — |  |  |  | 25,121 |
Income from consolidated subsidiaries, net of income tax provision |  |  | 20,387 |  |  |  | — |  |  |  | — |  |  |  | (20,387 | ) |  |  | — |
Net income |  |  | 25,121 |  |  |  | 11,819 |  |  |  | 8,568 |  |  |  | (20,387 | ) |  |  | 25,121 |
Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 60 |  |  |  | — |  |  |  | 60 |
Net income attributable to The GEO Group, Inc. |  | $ | 25,121 |  |  | $ | 11,819 |  |  | $ | 8,628 |  |  | $ | (20,387 | ) |  | $ | 25,181 |
Net income |  | $ | 25,121 |  |  | $ | 11,819 |  |  | $ | 8,568 |  |  | $ | (20,387 | ) |  | $ | 25,121 |
Other comprehensive income (loss), net of tax |  |  | (4,512 | ) |  |  | 107 |  |  |  | (8,807 | ) |  |  | — |  |  |  | (13,212 | )
Total comprehensive income |  | $ | 20,609 |  |  | $ | 11,926 |  |  | $ | (239 | ) |  | $ | (20,387 | ) |  | $ | 11,909 |
Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 108 |  |  |  | — |  |  |  | 108 |
Comprehensive income (loss) attributable to The GEO Group, Inc. |  | $ | 20,609 |  |  | $ | 11,926 |  |  | $ | (131 | ) |  | $ | (20,387 | ) |  | $ | 12,017 |
CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (dollars in thousands) (unaudited)
|  | For the Three Months Ended March 31, 2019 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
Revenues |  | $ | 228,382 |  |  | $ | 494,890 |  |  | $ | 68,968 |  |  | $ | (181,573 | ) |  | $ | 610,667 |
Operating expenses |  |  | 171,516 |  |  |  | 412,453 |  |  |  | 54,601 |  |  |  | (181,573 | ) |  |  | 456,997 |
Depreciation and amortization |  |  | 7,419 |  |  |  | 24,185 |  |  |  | 865 |  |  |  | — |  |  |  | 32,469 |
General and administrative expenses |  |  | 17,200 |  |  |  | 24,030 |  |  |  | 5,194 |  |  |  | — |  |  |  | 46,424 |
Operating income |  |  | 32,247 |  |  |  | 34,222 |  |  |  | 8,308 |  |  |  | — |  |  |  | 74,777 |
Interest income |  |  | 3,478 |  |  |  | 1,335 |  |  |  | 8,198 |  |  |  | (4,615 | ) |  |  | 8,396 |
Interest expense |  |  | (23,296 | ) |  |  | (13,847 | ) |  |  | (7,752 | ) |  |  | 4,615 |  |  |  | (40,280 | )
Income before income taxes and equity in earnings of affiliates |  |  | 12,429 |  |  |  | 21,710 |  |  |  | 8,754 |  |  |  | — |  |  |  | 42,893 |
Income tax provision |  |  | 289 |  |  |  | 2,379 |  |  |  | 2,172 |  |  |  | — |  |  |  | 4,840 |
Equity in earnings of affiliates, net of income tax provision |  |  | — |  |  |  | — |  |  |  | 2,596 |  |  |  | — |  |  |  | 2,596 |
Income before equity in income of consolidated subsidiaries |  |  | 12,140 |  |  |  | 19,331 |  |  |  | 9,178 |  |  |  | — |  |  |  | 40,649 |
Income from consolidated subsidiaries, net of income tax provision |  |  | 28,509 |  |  |  | — |  |  |  | — |  |  |  | (28,509 | ) |  |  | — |
Net income |  |  | 40,649 |  |  |  | 19,331 |  |  |  | 9,178 |  |  |  | (28,509 | ) |  |  | 40,649 |
Net loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 56 |  |  |  | — |  |  |  | 56 |
Net income attributable to The GEO Group, Inc. |  | $ | 40,649 |  |  | $ | 19,331 |  |  | $ | 9,234 |  |  | $ | (28,509 | ) |  | $ | 40,705 |
Net income |  | $ | 40,649 |  |  | $ | 19,331 |  |  | $ | 9,178 |  |  | $ | (28,509 | ) |  | $ | 40,649 |
Other comprehensive income (loss), net of tax |  |  | — |  |  |  | (648 | ) |  |  | 2,900 |  |  |  | — |  |  |  | 2,252 |
Total comprehensive income |  | $ | 40,649 |  |  | $ | 18,683 |  |  | $ | 12,078 |  |  | $ | (28,509 | ) |  | $ | 42,901 |
Comprehensive loss attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | 56 |  |  |  | — |  |  |  | 56 |
Comprehensive income attributable to The GEO Group, Inc. |  | $ | 40,649 |  |  | $ | 18,683 |  |  | $ | 12,134 |  |  | $ | (28,509 | ) |  | $ | 42,957 |
Condensed Consolidating Balance Sheet | CONDENSED CONSOLIDATING BALANCE SHEET (dollars in thousands) (unaudited)
|  | As of March 31, 2020 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 8,673 |  |  | $ | 934 |  |  | $ | 22,807 |  |  | $ | — |  |  | $ | 32,414 |
Restricted cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 27,865 |  |  |  | — |  |  |  | 27,865 |
Accounts receivable, less allowance for doubtful accounts |  |  | 152,001 |  |  |  | 187,539 |  |  |  | 32,794 |  |  |  | 3,119 |  |  |  | 375,453 |
Contract receivable, current portion |  |  | — |  |  |  | — |  |  |  | 4,686 |  |  |  | — |  |  |  | 4,686 |
Prepaid expenses and other current assets |  |  | 1,667 |  |  |  | 28,377 |  |  |  | 8,179 |  |  |  | (2,115 | ) |  |  | 36,108 |
Total current assets |  |  | 162,341 |  |  |  | 216,850 |  |  |  | 96,331 |  |  |  | 1,004 |  |  |  | 476,526 |
Restricted Cash and Investments |  |  | — |  |  |  | 25,143 |  |  |  | 2,128 |  |  |  | — |  |  |  | 27,271 |
Property and Equipment, Net |  |  | 848,926 |  |  |  | 1,212,008 |  |  |  | 81,596 |  |  |  | — |  |  |  | 2,142,530 |
Assets Held for Sale |  |  | 705 |  |  |  | 3,700 |  |  |  | — |  |  |  | — |  |  |  | 4,405 |
Contract Receivable |  |  | — |  |  |  | — |  |  |  | 319,819 |  |  |  | — |  |  |  | 319,819 |
Operating Lease Right-of-Use Assets, Net |  |  | 20,641 |  |  |  | 102,165 |  |  |  | 659 |  |  |  | — |  |  |  | 123,465 |
Intercompany Receivable |  |  | 961,145 |  |  |  | 242,777 |  |  |  | 14,714 |  |  |  | (1,218,636 | ) |  |  | — |
Deferred Income Tax Assets |  |  | — |  |  |  | 35,585 |  |  |  | 693 |  |  |  | — |  |  |  | 36,278 |
Goodwill |  |  | — |  |  |  | 775,954 |  |  |  | 352 |  |  |  | — |  |  |  | 776,306 |
Intangible Assets, Net |  |  | — |  |  |  | 203,995 |  |  |  | 392 |  |  |  | — |  |  |  | 204,387 |
Investment in Subsidiaries |  |  | 1,454,238 |  |  |  | 573,816 |  |  |  | 2,190 |  |  |  | (2,030,244 | ) |  |  | — |
Other Non-Current Assets |  |  | 17,698 |  |  |  | 120,610 |  |  |  | 16,080 |  |  |  | (77,528 | ) |  |  | 76,860 |
Total Assets |  | $ | 3,465,694 |  |  | $ | 3,512,603 |  |  | $ | 534,954 |  |  | $ | (3,325,404 | ) |  | $ | 4,187,847 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 11,690 |  |  | $ | 78,891 |  |  | $ | 2,306 |  |  | $ | — |  |  | $ | 92,887 |
Accrued payroll and related taxes |  |  | — |  |  |  | 46,984 |  |  |  | 16,021 |  |  |  | — |  |  |  | 63,005 |
Accrued expenses and other current liabilities |  |  | 38,496 |  |  |  | 115,317 |  |  |  | 25,440 |  |  |  | (419 | ) |  |  | 178,834 |
Operating lease liabilities, current portion |  |  | 5,328 |  |  |  | 21,554 |  |  |  | 86 |  |  |  | — |  |  |  | 26,968 |
Current portion of finance lease liabilities, long-term debt and non-recourse debt |  |  | 8,000 |  |  |  | 2,626 |  |  |  | 12,999 |  |  |  | — |  |  |  | 23,625 |
Total current liabilities |  |  | 63,514 |  |  |  | 265,372 |  |  |  | 56,852 |  |  |  | (419 | ) |  |  | 385,319 |
Deferred Income Tax Liabilities |  |  | — |  |  |  | — |  |  |  | 19,254 |  |  |  | — |  |  |  | 19,254 |
Intercompany Payable |  |  | 105,255 |  |  |  | 1,087,981 |  |  |  | 23,976 |  |  |  | (1,217,212 | ) |  |  | — |
Other Non-Current Liabilities |  |  | 4,715 |  |  |  | 155,110 |  |  |  | 294 |  |  |  | (77,528 | ) |  |  | 82,591 |
Operating lease Liabilities |  |  | 15,860 |  |  |  | 82,881 |  |  |  | 573 |  |  |  | — |  |  |  | 99,314 |
Finance Lease Liabilities |  |  | — |  |  |  | 2,563 |  |  |  | — |  |  |  | — |  |  |  | 2,563 |
Long-Term Debt |  |  | 2,318,004 |  |  |  | — |  |  |  | 52,886 |  |  |  | — |  |  |  | 2,370,890 |
Non-Recourse Debt |  |  | — |  |  |  | — |  |  |  | 270,460 |  |  |  | — |  |  |  | 270,460 |
Commitments & Contingencies and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
The GEO Group, Inc. Shareholders' Equity |  |  | 958,346 |  |  |  | 1,918,696 |  |  |  | 111,549 |  |  |  | (2,030,245 | ) |  |  | 958,346 |
Noncontrolling Interests |  |  | — |  |  |  | — |  |  |  | (890 | ) |  |  | — |  |  |  | (890 | )
Total Shareholders’ Equity |  |  | 958,346 |  |  |  | 1,918,696 |  |  |  | 110,659 |  |  |  | (2,030,245 | ) |  |  | 957,456 |
Total Liabilities and Shareholders' Equity |  | $ | 3,465,694 |  |  | $ | 3,512,603 |  |  | $ | 534,954 |  |  | $ | (3,325,404 | ) |  | $ | 4,187,847 |
CONDENSED CONSOLIDATING BALANCE SHEET (dollars in thousands) (unaudited)
|  | As of December 31, 2019 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Eliminations |  |  | Consolidated |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,840 |  |  | $ | — |  |  | $ | 22,623 |  |  | $ | — |  |  | $ | 32,463 |
Restricted cash and cash equivalents |  |  | — |  |  |  | — |  |  |  | 32,418 |  |  |  | — |  |  |  | 32,418 |
Accounts receivable, less allowance for doubtful accounts |  |  | 167,769 |  |  |  | 218,920 |  |  |  | 41,175 |  |  |  | 3,118 |  |  |  | 430,982 |
Contract receivable, current portion |  |  | — |  |  |  | — |  |  |  | 11,199 |  |  |  | — |  |  |  | 11,199 |
Prepaid expenses and other current assets |  |  | 1,273 |  |  |  | 32,187 |  |  |  | 9,315 |  |  |  | (2,059 | ) |  |  | 40,716 |
Total current assets |  |  | 178,882 |  |  |  | 251,107 |  |  |  | 116,730 |  |  |  | 1,059 |  |  |  | 547,778 |
Restricted Cash and Investments |  |  | — |  |  |  | 28,648 |  |  |  | 2,275 |  |  |  | — |  |  |  | 30,923 |
Property and Equipment, Net |  |  | 846,297 |  |  |  | 1,214,697 |  |  |  | 83,728 |  |  |  | — |  |  |  | 2,144,722 |
Right-of-Use Assets Operating Leases |  |  | 21,995 |  |  |  | 98,654 |  |  |  | 878 |  |  |  |  |  |  |  | 121,527 |
Assets Held for Sale |  |  | 705 |  |  |  | 5,354 |  |  |  | — |  |  |  | — |  |  |  | 6,059 |
Contract Receivable |  |  | — |  |  |  | — |  |  |  | 360,647 |  |  |  |  |  |  |  | 360,647 |
Intercompany Receivable |  |  | 978,337 |  |  |  | 238,680 |  |  |  | 17,050 |  |  |  | (1,234,067 | ) |  |  | — |
Deferred Income Tax Assets |  |  | — |  |  |  | 35,584 |  |  |  | 694 |  |  |  | — |  |  |  | 36,278 |
Goodwill |  |  | — |  |  |  | 775,953 |  |  |  | 403 |  |  |  | — |  |  |  | 776,356 |
Intangible Assets, Net |  |  | — |  |  |  | 209,554 |  |  |  | 516 |  |  |  | — |  |  |  | 210,070 |
Investment in Subsidiaries |  |  | 1,484,930 |  |  |  | 573,816 |  |  |  | 2,189 |  |  |  | (2,060,935 | ) |  |  | — |
Other Non-Current Assets |  |  | 18,329 |  |  |  | 123,797 |  |  |  | 18,853 |  |  |  | (77,805 | ) |  |  | 83,174 |
Total Assets |  | $ | 3,529,475 |  |  | $ | 3,555,844 |  |  | $ | 603,963 |  |  | $ | (3,371,748 | ) |  | $ | 4,317,534 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 16,690 |  |  | $ | 76,631 |  |  | $ | 5,911 |  |  | $ | — |  |  | $ | 99,232 |
Accrued payroll and related taxes |  |  | — |  |  |  | 38,243 |  |  |  | 16,429 |  |  |  | — |  |  |  | 54,672 |
Accrued expenses and other current liabilities |  |  | 32,175 |  |  |  | 131,031 |  |  |  | 28,765 |  |  |  | (363 | ) |  |  | 191,608 |
Operating lease liabilities, current portion |  |  | 5,232 |  |  |  | 20,777 |  |  |  | 199 |  |  |  |  |  |  |  | 26,208 |
Current portion of finance lease liabilities, long-term debt and non-recourse debt |  |  | 8,000 |  |  |  | 2,626 |  |  |  | 13,582 |  |  |  | — |  |  |  | 24,208 |
Total current liabilities |  |  | 62,097 |  |  |  | 269,308 |  |  |  | 64,886 |  |  |  | (363 | ) |  |  | 395,928 |
Deferred Income Tax Liabilities |  |  | — |  |  |  | — |  |  |  | 19,254 |  |  |  | — |  |  |  | 19,254 |
Intercompany Payable |  |  | 106,029 |  |  |  | 1,100,299 |  |  |  | 26,316 |  |  |  | (1,232,644 | ) |  |  | — |
Other Non-Current Liabilities |  |  | 3,572 |  |  |  | 162,026 |  |  |  | 733 |  |  |  | (77,805 | ) |  |  | 88,526 |
Operating Lease Liabilities |  |  | 17,321 |  |  |  | 79,290 |  |  |  | 680 |  |  |  |  |  |  |  | 97,291 |
Finance Lease Liabilities |  |  | — |  |  |  | 2,954 |  |  |  | — |  |  |  | — |  |  |  | 2,954 |
Long-Term Debt |  |  | 2,343,626 |  |  |  | — |  |  |  | 64,671 |  |  |  | — |  |  |  | 2,408,297 |
Non-Recourse Debt |  |  | — |  |  |  | — |  |  |  | 309,236 |  |  |  | — |  |  |  | 309,236 |
Commitments & Contingencies and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
Shareholders' Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |
The GEO Group, Inc. Shareholders' Equity |  |  | 996,830 |  |  |  | 1,941,967 |  |  |  | 118,969 |  |  |  | (2,060,936 | ) |  |  | 996,830 |
Noncontrolling Interests |  |  | — |  |  |  | — |  |  |  | (782 | ) |  |  | — |  |  |  | (782 | )
Total Shareholders’ Equity |  |  | 996,830 |  |  |  | 1,941,967 |  |  |  | 118,187 |  |  |  | (2,060,936 | ) |  |  | 996,048 |
Total Liabilities and Shareholders' Equity |  | $ | 3,529,475 |  |  | $ | 3,555,844 |  |  | $ | 603,963 |  |  | $ | (3,371,748 | ) |  | $ | 4,317,534 |
Condensed Consolidating Statement of Cash Flows | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (dollars in thousands) (unaudited)
|  | For the Three Months Ended March 31, 2020 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Consolidated |
Cash Flow from Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 105,094 |  |  | $ | 14,512 |  |  | $ | 8,653 |  |  | $ | 128,259 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 264 |  |  |  | — |  |  |  | 264 |
Proceeds from sale of assets held for sale |  |  | — |  |  |  | 1,300 |  |  |  | — |  |  |  | 1,300 |
Change in restricted investments |  |  | — |  |  |  | 3,363 |  |  |  | — |  |  |  | 3,363 |
Capital expenditures |  |  | (11,583 | ) |  |  | (18,647 | ) |  |  | (422 | ) |  |  | (30,652 | )
Net cash used in investing activities |  |  | (11,583 | ) |  |  | (13,720 | ) |  |  | (422 | ) |  |  | (25,725 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term debt |  |  | 96,000 |  |  |  | — |  |  |  | — |  |  |  | 96,000 |
Payments on long-term debt |  |  | (121,485 | ) |  |  | — |  |  |  | (4,020 | ) |  |  | (125,505 | )
Payments on non-recourse debt |  |  | — |  |  |  | — |  |  |  | (1,362 | ) |  |  | (1,362 | )
Taxes paid related to net share settlements of equity awards |  |  | (2,632 | ) |  |  | — |  |  |  | — |  |  |  | (2,632 | )
Proceeds from issuance of common stock in connection with ESPP |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 150 |
Payment for repurchases of common stock |  |  | (9,009 | ) |  |  | — |  |  |  | — |  |  |  | (9,009 | )
Dividends paid |  |  | (57,703 | ) |  |  | — |  |  |  | — |  |  |  | (57,703 | )
Net cash used in financing activities |  |  | (94,679 | ) |  |  | — |  |  |  | (5,382 | ) |  |  | (100,061 | )
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents |  |  | — |  |  |  | — |  |  |  | (7,364 | ) |  |  | (7,364 | )
Net (Decrease) Increase in Cash. Cash Equivalents and Restricted Cash and Cash Equivalents |  |  | (1,168 | ) |  |  | 792 |  |  |  | (4,515 | ) |  |  | (4,891 | )
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period |  |  | 9,840 |  |  |  | — |  |  |  | 57,632 |  |  |  | 67,472 |
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period |  | $ | 8,672 |  |  | $ | 792 |  |  | $ | 53,117 |  |  | $ | 62,581 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (dollars in thousands) (unaudited)
|  | For the Three Months Ended March 31, 2019 |
|  | The GEO Group, Inc. |  |  | Combined Subsidiary Guarantors |  |  | Combined Non- Guarantor Subsidiaries |  |  | Consolidated |
Cash Flow from Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 14,354 |  |  | $ | 20,879 |  |  | $ | 63,778 |  |  | $ | 99,011 |
Cash Flow from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sale of property and equipment |  |  | — |  |  |  | 274 |  |  |  | — |  |  |  | 274 |
Proceeds from sale of assets held for sale |  |  | — |  |  |  | — |  |  |  |  |  |  |  | — |
Insurance proceeds - damaged property |  |  | — |  |  |  | 2,503 |  |  |  | — |  |  |  | 2,503 |
Change in restricted investments |  |  | — |  |  |  | (4,062 | ) |  |  | — |  |  |  | (4,062 | )
Capital expenditures |  |  | (6,608 | ) |  |  | (21,452 | ) |  |  | (24 | ) |  |  | (28,084 | )
Net cash used in investing activities |  |  | (6,608 | ) |  |  | (22,737 | ) |  |  | (24 | ) |  |  | (29,369 | )
Cash Flow from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from long-term debt |  |  | 130,000 |  |  |  | — |  |  |  | — |  |  |  | 130,000 |
Payments on long-term debt |  |  | (96,926 | ) |  |  | — |  |  |  | — |  |  |  | (96,926 | )
Payments on non-recourse debt |  |  | — |  |  |  | — |  |  |  | (2,089 | ) |  |  | (2,089 | )
Taxes paid related to net share settlements of equity awards |  |  | (4,172 | ) |  |  | — |  |  |  | — |  |  |  | (4,172 | )
Proceeds from issuance of common stock in connection with ESPP |  |  | 124 |  |  |  | — |  |  |  | — |  |  |  | 124 |
Proceeds from stock options exercised |  |  | 333 |  |  |  | — |  |  |  | — |  |  |  | 333 |
Dividends paid |  |  | (57,945 | ) |  |  | — |  |  |  | — |  |  |  | (57,945 | )
Net cash used in financing activities |  |  | (28,586 | ) |  |  | — |  |  |  | (2,089 | ) |  |  | (30,675 | )
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash and Cash Equivalents |  |  | — |  |  |  | — |  |  |  | 366 |  |  |  | 366 |
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash and Cash Equivalents |  |  | (20,840 | ) |  |  | (1,858 | ) |  |  | 62,031 |  |  |  | 39,333 |
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, beginning of period |  |  | 54,666 |  |  |  | 4,823 |  |  |  | 24,983 |  |  |  | 84,472 |
Cash, Cash Equivalents and Restricted Cash and Cash Equivalents, end of period |  | $ | 33,826 |  |  | $ | 2,965 |  |  | $ | 87,014 |  |  | $ | 123,805 |

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