XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Condensed consolidating financial information | 9 Months Ended
--- | ---
Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed consolidating financial information | Condensed consolidating financial information Our 2021 Notes are guaranteed by each of our material existing and future domestic subsidiaries (The "Guarantor Subsidiaries"), except for Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, Inc. The Guarantor Subsidiaries are 100% owned by Century. All guarantees are full and unconditional; all guarantees are joint and several. These notes are not guaranteed by our foreign subsidiaries (such foreign subsidiaries, Nordural US LLC, Century Aluminum Development LLC and Century Aluminum of West Virginia, Inc., collectively the “Non-Guarantor Subsidiaries”). We allocate corporate expenses or income to our subsidiaries and charge interest on certain intercompany balances. The following summarized condensed consolidating statements of comprehensive income (loss) for three and nine months ended September 30, 2017 and 2016, condensed consolidating balance sheets as of September 30, 2017 and December 31, 2016 and the condensed consolidating statements of cash flows for the nine months ended September 30, 2017 and 2016 present separate results for Century, the Guarantor Subsidiaries, the Non-Guarantor Subsidiaries, consolidating adjustments and total consolidated amounts.
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 138,212 |  |  | $ | 161,023 |  |  | $ | — |  |  | $ | 299,235 |
Other customers | — |  |  | 101,382 |  |  | 28 |  |  | — |  |  | 101,410 |
Total net sales | — |  |  | 239,594 |  |  | 161,051 |  |  | — |  |  | 400,645 |
Cost of goods sold | — |  |  | 220,723 |  |  | 138,520 |  |  | — |  |  | 359,243 |
Gross profit | — |  |  | 18,871 |  |  | 22,531 |  |  | — |  |  | 41,402 |
Selling, general and administrative expenses | 13,684 |  |  | — |  |  | 310 |  |  | — |  |  | 13,994 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5,500 | ) |  | — |  |  | (5,500 | )
Other operating expense - net | — |  |  | — |  |  | 437 |  |  | — |  |  | 437 |
Operating income (loss) | (13,684 | ) |  | 18,871 |  |  | 27,284 |  |  | — |  |  | 32,471 |
Interest expense | (5,105 | ) |  | (392 | ) |  | (45 | ) |  | — |  |  | (5,542 | )
Intercompany interest | 8,909 |  |  | 2,214 |  |  | (11,123 | ) |  | — |  |  | — |
Interest income | 183 |  |  | — |  |  | 239 |  |  | — |  |  | 422 |
Net (loss) on forward and derivative contracts | — |  |  | (3,853 | ) |  | (35 | ) |  | — |  |  | (3,888 | )
Other income (expense) - net | — |  |  | (56 | ) |  | 483 |  |  | — |  |  | 427 |
Income (loss) before income taxes and equity in earnings of joint ventures | (9,697 | ) |  | 16,784 |  |  | 16,803 |  |  | — |  |  | 23,890 |
Income tax (expense) benefit | (3 | ) |  | — |  |  | (3,318 | ) |  | — |  |  | (3,321 | )
Income (loss) before equity in earnings of joint ventures | (9,700 | ) |  | 16,784 |  |  | 13,485 |  |  | — |  |  | 20,569 |
Equity in earnings (loss) of joint ventures | 30,483 |  |  | 1,369 |  |  | 214 |  |  | (31,852 | ) |  | 214 |
Net income | $ | 20,783 |  |  | $ | 18,153 |  |  | $ | 13,699 |  |  | $ | (31,852 | ) |  | $ | 20,783 |
Other comprehensive income (loss) before income tax effect | 1,429 |  |  | 982 |  |  | 337 |  |  | (1,319 | ) |  | 1,429 |
Income tax effect | (382 | ) |  | — |  |  | 9 |  |  | (9 | ) |  | (382 | )
Other comprehensive income (loss) | 1,047 |  |  | 982 |  |  | 346 |  |  | (1,328 | ) |  | 1,047 |
Total comprehensive income (loss) | $ | 21,830 |  |  | $ | 19,135 |  |  | $ | 14,045 |  |  | $ | (33,180 | ) |  | $ | 21,830 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 170,947 |  |  | $ | 152,449 |  |  | $ | (22,285 | ) |  | $ | 301,111 |
Other customers | — |  |  | 32,795 |  |  | 11 |  |  | (267 | ) |  | 32,539 |
Total net sales | — |  |  | 203,742 |  |  | 152,460 |  |  | (22,552 | ) |  | 333,650 |
Cost of goods sold | — |  |  | 231,082 |  |  | 141,957 |  |  | (21,777 | ) |  | 351,262 |
Gross profit (loss) | — |  |  | (27,340 | ) |  | 10,503 |  |  | (775 | ) |  | (17,612 | )
Selling, general and administrative expenses | 9,517 |  |  | — |  |  | 216 |  |  | — |  |  | 9,733 |
Ravenswood (gains) losses | — |  |  | — |  |  | 26,830 |  |  | — |  |  | 26,830 |
Other operating expense - net | — |  |  | — |  |  | 878 |  |  | — |  |  | 878 |
Operating income (loss) | (9,517 | ) |  | (27,340 | ) |  | (17,421 | ) |  | (775 | ) |  | (55,053 | )
Interest expense | (5,101 | ) |  | (385 | ) |  | (45 | ) |  | — |  |  | (5,531 | )
Intercompany interest | 9,947 |  |  | 2,059 |  |  | (12,006 | ) |  | — |  |  | — |
Interest income | 33 |  |  | — |  |  | 157 |  |  | — |  |  | 190 |
Net gain on forward and derivative contracts | — |  |  | 1,275 |  |  | — |  |  | — |  |  | 1,275 |
Other income (expense) - net | 48 |  |  | 14 |  |  | (219 | ) |  | — |  |  | (157 | )
Loss before income taxes and equity in earnings of joint ventures | (4,590 | ) |  | (24,377 | ) |  | (29,534 | ) |  | (775 | ) |  | (59,276 | )
Income tax (expense) benefit | (877 | ) |  | — |  |  | 1,725 |  |  | — |  |  | 848 |
Loss before equity in earnings of joint ventures | (5,467 | ) |  | (24,377 | ) |  | (27,809 | ) |  | (775 | ) |  | (58,428 | )
Equity in earnings (loss) of joint ventures | (52,806 | ) |  | — |  |  | 155 |  |  | 52,806 |  |  | 155 |
Net loss | $ | (58,273 | ) |  | $ | (24,377 | ) |  | $ | (27,654 | ) |  | $ | 52,031 |  |  | $ | (58,273 | )
Other comprehensive income (loss) before income tax effect | 1,206 |  |  | 777 |  |  | 303 |  |  | (1,080 | ) |  | 1,206 |
Income tax effect | (382 | ) |  | — |  |  | 8 |  |  | (8 | ) |  | (382 | )
Other comprehensive income (loss) | 824 |  |  | 777 |  |  | 311 |  |  | (1,088 | ) |  | 824 |
Total comprehensive income (loss) | $ | (57,449 | ) |  | $ | (23,600 | ) |  | $ | (27,343 | ) |  | $ | 50,943 |  |  | $ | (57,449 | )
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 404,130 |  |  | $ | 471,949 |  |  | $ | — |  |  | $ | 876,079 |
Other customers | — |  |  | 279,061 |  |  | 93 |  |  | — |  |  | 279,154 |
Total net sales | — |  |  | 683,191 |  |  | 472,042 |  |  | — |  |  | 1,155,233 |
Cost of goods sold | — |  |  | 655,027 |  |  | 419,493 |  |  | — |  |  | 1,074,520 |
Gross profit | — |  |  | 28,164 |  |  | 52,549 |  |  | — |  |  | 80,713 |
Selling, general and administrative expenses | 32,798 |  |  | — |  |  | 1,250 |  |  | — |  |  | 34,048 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5,500 | ) |  | — |  |  | (5,500 | )
Other operating expense - net | — |  |  | — |  |  | 1,590 |  |  | — |  |  | 1,590 |
Operating income (loss) | (32,798 | ) |  | 28,164 |  |  | 55,209 |  |  | — |  |  | 50,575 |
Interest expense | (15,288 | ) |  | (1,153 | ) |  | (133 | ) |  | — |  |  | (16,574 | )
Intercompany interest | 27,104 |  |  | 6,442 |  |  | (33,546 | ) |  |  |  | — |
Interest income | 312 |  |  | (1 | ) |  | 624 |  |  | — |  |  | 935 |
Net loss on forward and derivative contracts | — |  |  | (17,056 | ) |  | (12 | ) |  | — |  |  | (17,068 | )
Other income (expense) - net | 677 |  |  | 105 |  |  | (1,847 | ) |  | — |  |  | (1,065 | )
Income (loss) before income taxes and equity in earnings of joint ventures | (19,993 | ) |  | 16,501 |  |  | 20,295 |  |  | — |  |  | 16,803 |
Income tax (expense) benefit | 1,097 |  |  | — |  |  | (5,562 | ) |  | — |  |  | (4,465 | )
Income (loss) before equity in earnings of joint ventures | (18,896 | ) |  | 16,501 |  |  | 14,733 |  |  | — |  |  | 12,338 |
Equity in earnings of joint ventures | 31,671 |  |  | 3,889 |  |  | 437 |  |  | (35,560 | ) |  | 437 |
Net income (loss) | $ | 12,775 |  |  | $ | 20,390 |  |  | $ | 15,170 |  |  | $ | (35,560 | ) |  | $ | 12,775 |
Other comprehensive income (loss) before income tax effect | 3,073 |  |  | 821 |  |  | 1,166 |  |  | (1,987 | ) |  | 3,073 |
Income tax effect | (1,145 | ) |  | — |  |  | 28 |  |  | (28 | ) |  | (1,145 | )
Other comprehensive income (loss) | 1,928 |  |  | 821 |  |  | 1,194 |  |  | (2,015 | ) |  | 1,928 |
Total comprehensive income (loss) | $ | 14,703 |  |  | $ | 21,211 |  |  | $ | 16,364 |  |  | $ | (37,575 | ) |  | $ | 14,703 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 502,707 |  |  | $ | 438,660 |  |  | $ | (69,596 | ) |  | $ | 871,771 |
Other customers | — |  |  | 107,725 |  |  | 29 |  |  | (267 | ) |  | 107,487 |
Total net sales | — |  |  | 610,432 |  |  | 438,689 |  |  | (69,863 | ) |  | 979,258 |
Cost of goods sold | — |  |  | 653,258 |  |  | 411,651 |  |  | (69,552 | ) |  | 995,357 |
Gross profit (loss) | — |  |  | (42,826 | ) |  | 27,038 |  |  | (311 | ) |  | (16,099 | )
Selling, general and administrative expenses | 26,077 |  |  | — |  |  | 3,226 |  |  | — |  |  | 29,303 |
Ravenswood (gains) losses | — |  |  | — |  |  | 26,830 |  |  | — |  |  | 26,830 |
Other operating expense - net | — |  |  | — |  |  | 2,337 |  |  | — |  |  | 2,337 |
Operating income (loss) | (26,077 | ) |  | (42,826 | ) |  | (5,355 | ) |  | (311 | ) |  | (74,569 | )
Interest expense | (15,236 | ) |  | (1,150 | ) |  | (135 | ) |  | — |  |  | (16,521 | )
Intercompany interest | 29,222 |  |  | 6,013 |  |  | (35,235 | ) |  | — |  |  | — |
Interest income | 108 |  |  | 9 |  |  | 358 |  |  | — |  |  | 475 |
Net gain on forward and derivative contracts | — |  |  | 2,998 |  |  | — |  |  | — |  |  | 2,998 |
Other income (expense) - net | 682 |  |  | 29 |  |  | (1,173 | ) |  | — |  |  | (462 | )
Loss before income taxes and equity in earnings of joint ventures | (11,301 | ) |  | (34,927 | ) |  | (41,540 | ) |  | (311 | ) |  | (88,079 | )
Income tax benefit | 591 |  |  | — |  |  | 2,646 |  |  | — |  |  | 3,237 |
Loss before equity in earnings of joint ventures | (10,710 | ) |  | (34,927 | ) |  | (38,894 | ) |  | (311 | ) |  | (84,842 | )
Equity in earnings (loss) of joint ventures | (73,241 | ) |  | — |  |  | 891 |  |  | 73,241 |  |  | 891 |
Net loss | $ | (83,951 | ) |  | $ | (34,927 | ) |  | $ | (38,003 | ) |  | $ | 72,930 |  |  | $ | (83,951 | )
Other comprehensive income before income tax effect | 3,618 |  |  | 2,332 |  |  | 910 |  |  | (3,242 | ) |  | 3,618 |
Income tax effect | (1,147 | ) |  | — |  |  | 25 |  |  | (25 | ) |  | (1,147 | )
Other comprehensive income (loss) | 2,471 |  |  | 2,332 |  |  | 935 |  |  | (3,267 | ) |  | 2,471 |
Total comprehensive income (loss) | $ | (81,480 | ) |  | $ | (32,595 | ) |  | $ | (37,068 | ) |  | $ | 69,663 |  |  | $ | (81,480 | )
Condensed Consolidating Balance Sheet
As of September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 70,752 |  |  | $ | (217 | ) |  | $ | 103,678 |  |  | $ | — |  |  | $ | 174,213 |
Restricted cash | — |  |  | 800 |  |  | 48 |  |  | — |  |  | 848 |
Accounts receivable - net | — |  |  | 40,117 |  |  | 250 |  |  | — |  |  | 40,367 |
Due from affiliates | 42 |  |  | 11,806 |  |  | 1 |  |  | — |  |  | 11,849 |
Inventories | 180 |  |  | 165,288 |  |  | 96,288 |  |  | — |  |  | 261,756 |
Prepaid and other current assets | 5,959 |  |  | 6,176 |  |  | 9,626 |  |  | — |  |  | 21,761 |
Total current assets | 76,933 |  |  | 223,970 |  |  | 209,891 |  |  | — |  |  | 510,794 |
Property, plant and equipment - net | 17,970 |  |  | 303,708 |  |  | 663,270 |  |  | — |  |  | 984,948 |
Investment in subsidiaries | 736,345 |  |  | 55,129 |  |  | — |  |  | (791,474 | ) |  | — |
Due from affiliates - long term | 514,676 |  |  | 379,331 |  |  | 9,430 |  |  | (903,437 | ) |  | — |
Other assets | 27,834 |  |  | 43,915 |  |  | 27,887 |  |  | (31,915 | ) |  | 67,721 |
TOTAL | $ | 1,373,758 |  |  | $ | 1,006,053 |  |  | $ | 910,478 |  |  | $ | (1,726,826 | ) |  | $ | 1,563,463 |
Accounts payable, trade | $ | 2,712 |  |  | $ | 53,785 |  |  | $ | 40,535 |  |  | $ | — |  |  | $ | 97,032 |
Due to affiliates | 785 |  |  | 15,902 |  |  | 6,970 |  |  | — |  |  | 23,657 |
Accrued and other current liabilities | 18,965 |  |  | 19,035 |  |  | 18,732 |  |  | — |  |  | 56,732 |
Accrued employee benefits costs | 1,933 |  |  | 8,020 |  |  | 491 |  |  | — |  |  | 10,444 |
Industrial revenue bonds | — |  |  | 7,815 |  |  | — |  |  | — |  |  | 7,815 |
Total current liabilities | 24,395 |  |  | 104,557 |  |  | 66,728 |  |  | — |  |  | 195,680 |
Senior notes payable | 248,036 |  |  | — |  |  | — |  |  | — |  |  | 248,036 |
Accrued pension benefits costs - less current portion | 45,587 |  |  | 19,666 |  |  | 13,497 |  |  | (31,915 | ) |  | 46,835 |
Accrued postretirement benefits costs - less current portion | 3,873 |  |  | 122,549 |  |  | 1,670 |  |  | — |  |  | 128,092 |
Due to affiliates - long term | 270,878 |  |  | 59,395 |  |  | 573,164 |  |  | (903,437 | ) |  | — |
Other liabilities | 7,895 |  |  | 32,115 |  |  | 22,084 |  |  | — |  |  | 62,094 |
Deferred taxes | — |  |  | 2,721 |  |  | 106,911 |  |  | — |  |  | 109,632 |
Total noncurrent liabilities | 576,269 |  |  | 236,446 |  |  | 717,326 |  |  | (935,352 | ) |  | 594,689 |
Preferred stock | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Common stock | 945 |  |  | 1 |  |  | 59 |  |  | (60 | ) |  | 945 |
Other shareholders' equity | 772,148 |  |  | 665,049 |  |  | 126,365 |  |  | (791,414 | ) |  | 772,148 |
Total shareholders' equity | 773,094 |  |  | 665,050 |  |  | 126,424 |  |  | (791,474 | ) |  | 773,094 |
TOTAL | $ | 1,373,758 |  |  | $ | 1,006,053 |  |  | $ | 910,478 |  |  | $ | (1,726,826 | ) |  | $ | 1,563,463 |
Condensed Consolidating Balance Sheet
As of December 31, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 36,670 |  |  | $ | (255 | ) |  | $ | 95,988 |  |  | $ | — |  |  | $ | 132,403 |
Restricted cash | — |  |  | 794 |  |  | 256 |  |  | — |  |  | 1,050 |
Accounts receivable - net | 167 |  |  | 11,883 |  |  | 382 |  |  | — |  |  | 12,432 |
Due from affiliates | 42 |  |  | 16,606 |  |  | 3 |  |  | — |  |  | 16,651 |
Inventories | 180 |  |  | 146,689 |  |  | 86,694 |  |  | — |  |  | 233,563 |
Prepaid and other current assets | 6,838 |  |  | 5,699 |  |  | 9,673 |  |  | — |  |  | 22,210 |
Assets held for sale | — |  |  | — |  |  | 22,313 |  |  | — |  |  | 22,313 |
Total current assets | 43,897 |  |  | 181,416 |  |  | 215,309 |  |  | — |  |  | 440,622 |
Property, plant and equipment - net | 12,311 |  |  | 328,069 |  |  | 685,905 |  |  | — |  |  | 1,026,285 |
Investment in subsidiaries | 702,659 |  |  | 51,240 |  |  | — |  |  | (753,899 | ) |  | — |
Due from affiliates - long term | 529,873 |  |  | 346,893 |  |  | 1,792 |  |  | (878,558 | ) |  | — |
Other assets | 28,215 |  |  | 49,331 |  |  | 27,596 |  |  | (31,722 | ) |  | 73,420 |
TOTAL | $ | 1,316,955 |  |  | $ | 956,949 |  |  | $ | 930,602 |  |  | $ | (1,664,179 | ) |  | $ | 1,540,327 |
Accounts payable, trade | $ | 6,125 |  |  | $ | 52,921 |  |  | $ | 35,914 |  |  | $ | — |  |  | $ | 94,960 |
Due to affiliates | 417 |  |  | 9,641 |  |  | 5,310 |  |  | — |  |  | 15,368 |
Accrued and other current liabilities | 11,950 |  |  | 17,744 |  |  | 20,406 |  |  | — |  |  | 50,100 |
Accrued employee benefits costs | 1,932 |  |  | 8,317 |  |  | 668 |  |  | — |  |  | 10,917 |
Industrial revenue bonds | — |  |  | 7,815 |  |  | — |  |  | — |  |  | 7,815 |
Total current liabilities | 20,424 |  |  | 96,438 |  |  | 62,298 |  |  | — |  |  | 179,160 |
Senior notes payable | 247,699 |  |  | — |  |  | — |  |  | — |  |  | 247,699 |
Accrued pension benefits costs - less current portion | 46,390 |  |  | 20,167 |  |  | 14,658 |  |  | (31,722 | ) |  | 49,493 |
Accrued postretirement benefits costs - less current portion | 4,380 |  |  | 120,242 |  |  | 1,733 |  |  | — |  |  | 126,355 |
Other liabilities | 4,160 |  |  | 30,920 |  |  | 36,946 |  |  | — |  |  | 72,026 |
Due to affiliates - long term | 237,247 |  |  | 42,609 |  |  | 598,702 |  |  | (878,558 | ) |  | — |
Deferred taxes | — |  |  | 2,735 |  |  | 106,204 |  |  | — |  |  | 108,939 |
Total noncurrent liabilities | 539,876 |  |  | 216,673 |  |  | 758,243 |  |  | (910,280 | ) |  | 604,512 |
Preferred stock | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Common stock | 944 |  |  | 1 |  |  | 59 |  |  | (60 | ) |  | 944 |
Other shareholders' equity | 755,710 |  |  | 643,837 |  |  | 110,002 |  |  | (753,839 | ) |  | 755,710 |
Total shareholders' equity | 756,655 |  |  | 643,838 |  |  | 110,061 |  |  | (753,899 | ) |  | 756,655 |
TOTAL | $ | 1,316,955 |  |  | $ | 956,949 |  |  | $ | 930,602 |  |  | $ | (1,664,179 | ) |  | $ | 1,540,327 |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (25,306 | ) |  | $ | 14,298 |  |  | $ | 61,675 |  |  | $ | — |  |  | $ | 50,667 |
Purchase of property, plant and equipment | (8,773 | ) |  | (5,880 | ) |  | (8,937 | ) |  | — |  |  | (23,590 | )
Proceeds from sale of property, plant and equipment | — |  |  | 831 |  |  | 13,621 |  |  | — |  |  | 14,452 |
Intercompany transactions | 34,249 |  |  | (25,996 | ) |  | (7,639 | ) |  | (614 | ) |  | — |
Net cash provided by (used in) investing activities | 25,476 |  |  | (31,045 | ) |  | (2,955 | ) |  | (614 | ) |  | (9,138 | )
Borrowings under revolving credit facilities | 1,022 |  |  | — |  |  | — |  |  | — |  |  | 1,022 |
Repayments under revolving credit facilities | (1,022 | ) |  | — |  |  | — |  |  | — |  |  | (1,022 | )
Issuance of common stock | 281 |  |  | — |  |  | — |  |  | — |  |  | 281 |
Intercompany transactions | 33,631 |  |  | 16,785 |  |  | (51,030 | ) |  | 614 |  |  | — |
Net cash provided by (used in) financing activities | 33,912 |  |  | 16,785 |  |  | (51,030 | ) |  | 614 |  |  | 281 |
CHANGE IN CASH AND CASH EQUIVALENTS | 34,082 |  |  | 38 |  |  | 7,690 |  |  | — |  |  | 41,810 |
Cash and cash equivalents, beginning of period | 36,670 |  |  | (255 | ) |  | 95,988 |  |  | — |  |  | 132,403 |
Cash and cash equivalents, end of period | $ | 70,752 |  |  | $ | (217 | ) |  | $ | 103,678 |  |  | $ | — |  |  | $ | 174,213 |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2016
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (20,816 | ) |  | $ | 23,045 |  |  | $ | (2,887 | ) |  | $ | 15,985 |  |  | $ | 15,327 |
Purchase of property, plant and equipment | — |  |  | (4,252 | ) |  | (8,875 | ) |  | — |  |  | (13,127 | )
Net cash used in investing activities | — |  |  | (4,252 | ) |  | (8,875 | ) |  | — |  |  | (13,127 | )
Borrowings under revolving credit facilities | 900 |  |  | — |  |  | — |  |  | — |  |  | 900 |
Repayments under revolving credit facilities | (900 | ) |  | — |  |  | — |  |  | — |  |  | (900 | )
Intercompany transactions | — |  |  | (15,271 | ) |  | 31,256 |  |  | (15,985 | ) |  | — |
Net cash provided by (used in) financing activities | — |  |  | (15,271 | ) |  | 31,256 |  |  | (15,985 | ) |  | — |
CHANGE IN CASH AND CASH EQUIVALENTS | (20,816 | ) |  | 3,522 |  |  | 19,494 |  |  | — |  |  | 2,200 |
Cash and cash equivalents, beginning of period | 58,421 |  |  | (3,647 | ) |  | 60,619 |  |  | — |  |  | 115,393 |
Cash and cash equivalents, end of period | $ | 37,605 |  |  | $ | (125 | ) |  | $ | 80,113 |  |  | $ | — |  |  | $ | 117,593 |

X
- References No definition available. + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161450&loc=d3e5614-111684 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01(a)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 + Details
Name: | us-gaap_CondensedFinancialStatementsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration