XML 30 R18.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Consolidating Condensed Financial Information of Guarantor Subsidiaries | 3 Months Ended
--- | ---
Dec. 24, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Consolidating Condensed Financial Information of Guarantor Subsidiaries | Consolidating Condensed Financial Information of Guarantor Subsidiaries Certain 100% wholly-owned subsidiaries of the Company (as listed below, collectively the “Guarantor Subsidiaries”) have guaranteed fully and unconditionally, on a joint and several basis, the obligation to pay principal and interest on the Company’s 2023 Notes. Certain subsidiaries and operating divisions are not guarantors of the 2023 Notes. Those subsidiaries that are guarantors and co-obligors of the 2023 Notes are as follows: Farnam Companies, Inc. Four Paws Products Ltd. Gulfstream Home & Garden, Inc. Hydro-Organics Wholesale, Inc. IMS Trading, LLC IMS Southern, LLC Kaytee Products, Inc. Matson, LLC New England Pottery, LLC Pennington Seed, Inc. (including Gro Tec, Inc. and All-Glass Aquarium Co., Inc.) Pets International, Ltd. Segrest, Inc. (including Blue Springs Hatchery, Inc., Segrest Farms, Inc., Florida Tropical Distributors International, Inc., Sun Pet, Ltd and Aquatica Tropicals, Inc.) T.F.H. Publications, Inc. Wellmark International (including B2E Corporation and B2E Biotech LLC) In lieu of providing separate audited financial statements for the Guarantor Subsidiaries, the Company has included the accompanying consolidating condensed financial statements based on the Company’s understanding of the Securities and Exchange Commission’s interpretation and application of Rule 3-10 of the Securities and Exchange Commission’s Regulation S-X. During the second quarter of fiscal 2016, the Company added Hydro-Organics Wholesale, Inc., IMS Trading, LLC and IMS Southern, LLC as guarantors of the 2023 Notes. Financial results for the quarter ended December 26, 2015 previously reflected IMS Trading, LLC and IMS Southern, LLC as part of Parent. In accordance with Rule 3-10 of the Securities and Exchange Commission's Regulation S-X, financial results presented herein for the fiscal quarter ended December 26, 2015 have been adjusted to reflect the current Guarantor status.
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Three Months Ended December 24, 2016 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 155,518 |  |  | $ | 14,024 |  |  | $ | 266,438 |  |  | $ | (16,482 | ) |  | $ | 419,498 |
Cost of goods sold and occupancy |  | 121,136 |  |  | 11,678 |  |  | 181,440 |  |  | (15,434 | ) |  | 298,820 |
Gross profit |  | 34,382 |  |  | 2,346 |  |  | 84,998 |  |  | (1,048 | ) |  | 120,678 |
Selling, general and administrative expenses |  | 35,965 |  |  | 3,664 |  |  | 62,159 |  |  | (1,048 | ) |  | 100,740 |
Operating income (loss) |  | (1,583 | ) |  | (1,318 | ) |  | 22,839 |  |  | — |  |  | 19,938 |
Interest expense |  | (6,851 | ) |  | (17 | ) |  | (5 | ) |  | — |  |  | (6,873 | )
Interest income |  | 38 |  |  | — |  |  | — |  |  | — |  |  | 38 |
Other expense |  | (603 | ) |  | (193 | ) |  | (171 | ) |  | — |  |  | (967 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (8,999 | ) |  | (1,528 | ) |  | 22,663 |  |  | — |  |  | 12,136 |
Income tax expense (benefit) |  | (3,192 | ) |  | (411 | ) |  | 7,950 |  |  | — |  |  | 4,347 |
Equity in earnings (losses) of affiliates |  | 13,444 |  |  | — |  |  | (811 | ) |  | (12,633 | ) |  | — |
Net income (loss) including noncontrolling interest |  | 7,637 |  |  | (1,117 | ) |  | 13,902 |  |  | (12,633 | ) |  | 7,789 |
Net income attributable to noncontrolling interest |  | — |  |  | 152 |  |  | — |  |  | — |  |  | 152 |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 7,637 |  |  | $ | (1,269 | ) |  | $ | 13,902 |  |  | $ | (12,633 | ) |  | $ | 7,637 |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |
|  | Three Months Ended December 26, 2015 |  |
|  | (in thousands) |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 116,963 |  |  | $ | 15,271 |  |  | $ | 242,723 |  |  | $ | (15,145 | ) |  | $ | 359,812 |
Cost of goods sold and occupancy |  | 94,269 |  |  | 12,949 |  |  | 166,971 |  |  | (14,163 | ) |  | 260,026 |
Gross profit |  | 22,694 |  |  | 2,322 |  |  | 75,752 |  |  | (982 | ) |  | 99,786 |
Selling, general and administrative expenses |  | 29,300 |  |  | 3,812 |  |  | 58,883 |  |  | (982 | ) |  | 91,013 |
Operating income (loss) |  | (6,606 | ) |  | (1,490 | ) |  | 16,869 |  |  | — |  |  | 8,773 |
Interest expense |  | (22,133 | ) |  | (12 | ) |  | — |  |  | — |  |  | (22,145 | )
Interest income |  | 21 |  |  | 1 |  |  | — |  |  | — |  |  | 22 |
Other expense |  | (71 | ) |  | (67 | ) |  | (335 | ) |  | — |  |  | (473 | )
Income (loss) before taxes and equity in earnings of affiliates |  | (28,789 | ) |  | (1,568 | ) |  | 16,534 |  |  | — |  |  | (13,823 | )
Income tax expense (benefit) |  | (10,873 | ) |  | (512 | ) |  | 6,185 |  |  | — |  |  | (5,200 | )
Equity in earnings (losses) of affiliates |  | 9,314 |  |  | — |  |  | (786 | ) |  | (8,528 | ) |  | — |
Net income (loss) including noncontrolling interest |  | (8,602 | ) |  | (1,056 | ) |  | 9,563 |  |  | (8,528 | ) |  | (8,623 | )
Net loss attributable to noncontrolling interest |  | — |  |  | (21 | ) |  | — |  |  | — |  |  | (21 | )
Net income (loss) attributable to Central Garden & Pet Company |  | $ | (8,602 | ) |  | $ | (1,035 | ) |  | $ | 9,563 |  |  | $ | (8,528 | ) |  | $ | (8,602 | )
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended December 24, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 7,637 |  |  | $ | (1,117 | ) |  | $ | 13,902 |  |  | $ | (12,633 | ) |  | $ | 7,789 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (508 | ) |  | (355 | ) |  | (50 | ) |  | 405 |  |  | (508 | )
Total comprehensive income (loss) |  | 7,129 |  |  | (1,472 | ) |  | 13,852 |  |  | (12,228 | ) |  | 7,281 |
Comprehensive income attributable to noncontrolling interests |  | — |  |  | 152 |  |  | — |  |  | — |  |  | 152 |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 7,129 |  |  | $ | (1,624 | ) |  | $ | 13,852 |  |  | $ | (12,228 | ) |  | $ | 7,129 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
|  | Three Months Ended December 26, 2015
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | (8,602 | ) |  | $ | (1,056 | ) |  | $ | 9,563 |  |  | $ | (8,528 | ) |  | $ | (8,623 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (233 | ) |  | (141 | ) |  | (51 | ) |  | 192 |  |  | (233 | )
Total comprehensive income (loss) |  | (8,835 | ) |  | (1,197 | ) |  | 9,512 |  |  | (8,336 | ) |  | (8,856 | )
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | (21 | ) |  | — |  |  | — |  |  | (21 | )
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | (8,835 | ) |  | $ | (1,176 | ) |  | $ | 9,512 |  |  | $ | (8,336 | ) |  | $ | (8,835 | )
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | December 24, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1,772 |  |  | $ | 3,997 |  |  | $ | 812 |  |  | $ | — |  |  | $ | 6,581 |
Restricted cash |  | 10,981 |  |  | — |  |  | — |  |  | — |  |  | 10,981 |
Accounts receivable, net |  | 72,850 |  |  | 6,919 |  |  | 112,455 |  |  | — |  |  | 192,224 |
Inventories |  | 137,615 |  |  | 15,435 |  |  | 277,121 |  |  | — |  |  | 430,171 |
Prepaid expenses and other |  | 22,687 |  |  | 914 |  |  | 29,745 |  |  | — |  |  | 53,346 |
Total current assets |  | 245,905 |  |  | 27,265 |  |  | 420,133 |  |  | — |  |  | 693,303 |
Land, buildings, improvements and equipment, net |  | 39,384 |  |  | 3,858 |  |  | 126,594 |  |  | — |  |  | 169,836 |
Goodwill |  | 15,058 |  |  | — |  |  | 215,327 |  |  | — |  |  | 230,385 |
Other long-term assets |  | 29,297 |  |  | 3,525 |  |  | 129,848 |  |  | (8,493 | ) |  | 154,177 |
Intercompany receivable |  | 38,559 |  |  | — |  |  | 586,588 |  |  | (625,147 | ) |  | — |
Investment in subsidiaries |  | 1,251,408 |  |  | — |  |  | — |  |  | (1,251,408 | ) |  | — |
Total |  | $ | 1,619,611 |  |  | $ | 34,648 |  |  | $ | 1,478,490 |  |  | $ | (1,885,048 | ) |  | $ | 1,247,701 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 46,208 |  |  | $ | 7,146 |  |  | $ | 81,883 |  |  | $ | — |  |  | $ | 135,237 |
Accrued expenses |  | 42,223 |  |  | 1,362 |  |  | 50,909 |  |  | — |  |  | 94,494 |
Current portion of long-term debt |  | 22 |  |  | — |  |  | 375 |  |  | — |  |  | 397 |
Total current liabilities |  | 88,453 |  |  | 8,508 |  |  | 133,167 |  |  | — |  |  | 230,128 |
Long-term debt |  | 394,564 |  |  | — |  |  | 447 |  |  | — |  |  | 395,011 |
Intercompany payable |  | 575,187 |  |  | 49,960 |  |  | — |  |  | (625,147 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 21,014 |  |  | (21,014 | ) |  | — |
Other long-term obligations |  | 2,158 |  |  | — |  |  | 68,941 |  |  | (8,493 | ) |  | 62,606 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 559,249 |  |  | (24,527 | ) |  | 1,254,921 |  |  | (1,230,394 | ) |  | 559,249 |
Noncontrolling interest |  | — |  |  | 707 |  |  | — |  |  | — |  |  | 707 |
Total equity (deficit) |  | 559,249 |  |  | (23,820 | ) |  | 1,254,921 |  |  | (1,230,394 | ) |  | 559,956 |
Total |  | $ | 1,619,611 |  |  | $ | 34,648 |  |  | $ | 1,478,490 |  |  | $ | (1,885,048 | ) |  | $ | 1,247,701 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | December 26, 2015
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 918 |  |  | $ | 5,034 |  |  | $ | 3,054 |  |  | $ | — |  |  | $ | 9,006 |
Restricted cash |  | 11,939 |  |  | — |  |  | — |  |  | — |  |  | 11,939 |
Short term investments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts receivable, net |  | 68,141 |  |  | 7,398 |  |  | 119,818 |  |  | — |  |  | 195,357 |
Inventories |  | 128,587 |  |  | 17,253 |  |  | 270,618 |  |  | — |  |  | 416,458 |
Prepaid expenses and other |  | 35,085 |  |  | 962 |  |  | 23,826 |  |  | — |  |  | 59,873 |
Total current assets |  | 244,670 |  |  | 30,647 |  |  | 417,316 |  |  | — |  |  | 692,633 |
Land, buildings, improvements and equipment, net |  | 49,227 |  |  | 3,787 |  |  | 110,934 |  |  | — |  |  | 163,948 |
Goodwill |  | — |  |  | — |  |  | 209,089 |  |  | — |  |  | 209,089 |
Other long-term assets |  | 54,866 |  |  | 3,540 |  |  | 89,198 |  |  | (2,065 | ) |  | 145,539 |
Intercompany receivable |  | 33,348 |  |  | — |  |  | 456,706 |  |  | (490,054 | ) |  | — |
Investment in subsidiaries |  | 1,092,134 |  |  | — |  |  | — |  |  | (1,092,134 | ) |  | — |
Total |  | $ | 1,474,245 |  |  | $ | 37,974 |  |  | $ | 1,283,243 |  |  | $ | (1,584,253 | ) |  | $ | 1,211,209 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 51,305 |  |  | $ | 9,085 |  |  | $ | 68,701 |  |  | $ | — |  |  | $ | 129,091 |
Accrued expenses |  | 41,384 |  |  | 1,520 |  |  | 46,143 |  |  | — |  |  | 89,047 |
Current portion of long-term debt |  | 262 |  |  | — |  |  | 30 |  |  | — |  |  | 292 |
Total current liabilities |  | 92,951 |  |  | 10,605 |  |  | 114,874 |  |  | — |  |  | 218,430 |
Long-term debt |  | 435,835 |  |  | — |  |  | 58 |  |  | — |  |  | 435,893 |
Intercompany payable |  | 444,900 |  |  | 45,154 |  |  | — |  |  | (490,054 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 17,536 |  |  | (17,536 | ) |  | — |
Other long-term obligations |  | 2,159 |  |  | — |  |  | 57,911 |  |  | (2,065 | ) |  | 58,005 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 498,400 |  |  | (18,266 | ) |  | 1,092,864 |  |  | (1,074,598 | ) |  | 498,400 |
Noncontrolling interest |  | — |  |  | 481 |  |  | — |  |  | — |  |  | 481 |
Total equity (deficit) |  | 498,400 |  |  | (17,785 | ) |  | 1,092,864 |  |  | (1,074,598 | ) |  | 498,881 |
Total |  | $ | 1,474,245 |  |  | $ | 37,974 |  |  | $ | 1,283,243 |  |  | $ | (1,584,253 | ) |  | $ | 1,211,209 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | September 24, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 82,158 |  |  | $ | 9,695 |  |  | $ | 1,129 |  |  | $ | — |  |  | $ | 92,982 |
Restricted cash |  | 10,910 |  |  | — |  |  | — |  |  | — |  |  | 10,910 |
Accounts receivable, net |  | 59,617 |  |  | 5,156 |  |  | 136,378 |  |  | — |  |  | 201,151 |
Inventories |  | 113,317 |  |  | 11,752 |  |  | 236,935 |  |  | — |  |  | 362,004 |
Prepaid expenses and other assets |  | 20,978 |  |  | 817 |  |  | 25,964 |  |  | — |  |  | 47,759 |
Total current assets |  | 286,980 |  |  | 27,420 |  |  | 400,406 |  |  | — |  |  | 714,806 |
Land, buildings, improvements and equipment, net |  | 41,083 |  |  | 3,897 |  |  | 113,244 |  |  | — |  |  | 158,224 |
Goodwill |  | 15,058 |  |  | — |  |  | 216,327 |  |  | — |  |  | 231,385 |
Other long-term assets |  | 30,555 |  |  | 2,980 |  |  | 85,701 |  |  | (11,458 | ) |  | 107,778 |
Intercompany receivable |  | 32,778 |  |  | — |  |  | 567,374 |  |  | (600,152 | ) |  | — |
Investment in subsidiaries |  | 1,176,990 |  |  | — |  |  | — |  |  | (1,176,990 | ) |  | — |
Total |  | $ | 1,583,444 |  |  | $ | 34,297 |  |  | $ | 1,383,052 |  |  | $ | (1,788,600 | ) |  | $ | 1,212,193 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 34,096 |  |  | $ | 3,953 |  |  | $ | 64,364 |  |  | $ | — |  |  | $ | 102,413 |
Accrued expenses and other liabilities |  | 47,862 |  |  | 1,410 |  |  | 50,071 |  |  | — |  |  | 99,343 |
Current portion of long term debt |  | 88 |  |  | — |  |  | 375 |  |  | — |  |  | 463 |
Total current liabilities |  | 82,046 |  |  | 5,363 |  |  | 114,810 |  |  | — |  |  | 202,219 |
Long-term debt |  | 394,364 |  |  | — |  |  | 442 |  |  | — |  |  | 394,806 |
Intercompany payable |  | 553,964 |  |  | 46,188 |  |  | — |  |  | (600,152 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 16,126 |  |  | (16,126 | ) |  | — |
Other long-term obligations |  | 56 |  |  | — |  |  | 71,983 |  |  | (11,458 | ) |  | 60,581 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 553,014 |  |  | (18,827 | ) |  | 1,179,691 |  |  | (1,160,864 | ) |  | 553,014 |
Noncontrolling interest |  | — |  |  | 1,573 |  |  | — |  |  | — |  |  | 1,573 |
Total equity (deficit) |  | 553,014 |  |  | (17,254 | ) |  | 1,179,691 |  |  | (1,160,864 | ) |  | 554,587 |
Total |  | $ | 1,583,444 |  |  | $ | 34,297 |  |  | $ | 1,383,052 |  |  | $ | (1,788,600 | ) |  | $ | 1,212,193 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Three Months Ended December 24, 2016
|  | (in thousands)
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities |  | $ | (27,540 | ) |  | $ | (4,428 | ) |  | $ | 22,731 |  |  | $ | (4,076 | ) |  | $ | (13,313 | )
Additions to property, plant and equipment |  | (1,831 | ) |  | (110 | ) |  | (11,027 | ) |  | — |  |  | (12,968 | )
Payments to acquire companies, net of cash acquired |  | (60,042 | ) |  | — |  |  | — |  |  | — |  |  | (60,042 | )
Proceeds from sale of business, facility and other assets |  | 2 |  |  | — |  |  | 7,958 |  |  | — |  |  | 7,960 |
Change in restricted cash and cash equivalents |  | (71 | ) |  | — |  |  | — |  |  | — |  |  | (71 | )
Investment in equity method investee |  | (2,000 | ) |  | — |  |  | — |  |  | — |  |  | (2,000 | )
Other investing activities |  | (265 | ) |  | — |  |  | — |  |  | — |  |  | (265 | )
Intercompany investing activities |  | (5,781 | ) |  | — |  |  | (19,214 | ) |  | 24,995 |  |  | — |
Net cash used by investing activities |  | (69,988 | ) |  | (110 | ) |  | (22,283 | ) |  | 24,995 |  |  | (67,386 | )
Repayments on revolving line of credit |  | (1,000 | ) |  | — |  |  | — |  |  | — |  |  | (1,000 | )
Borrowings on revolving line of credit |  | 1,000 |  |  | — |  |  | — |  |  | — |  |  | 1,000 |
Repayments of long-term debt |  | (66 | ) |  | — |  |  | (8 | ) |  | — |  |  | (74 | )
Excess tax benefits from stock-based awards |  | 4,356 |  |  | — |  |  | — |  |  | — |  |  | 4,356 |
Repurchase of common stock |  | (7,913 | ) |  | — |  |  | — |  |  | — |  |  | (7,913 | )
Distribution to parent |  | — |  |  | (4,076 | ) |  | — |  |  | 4,076 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (1,018 | ) |  | — |  |  | — |  |  | (1,018 | )
Payment of contingent consideration |  | — |  |  | — |  |  | (860 | ) |  | — |  |  | (860 | )
Intercompany financing activities |  | 21,223 |  |  | 3,772 |  |  | — |  |  | (24,995 | ) |  | — |
Net cash provided (used) by financing activities |  | 17,600 |  |  | (1,322 | ) |  | (868 | ) |  | (20,919 | ) |  | (5,509 | )
Effect of exchange rates on cash |  | (458 | ) |  | 162 |  |  | 103 |  |  | — |  |  | (193 | )
Net increase (decrease) in cash and cash equivalents |  | (80,386 | ) |  | (5,698 | ) |  | (317 | ) |  | — |  |  | (86,401 | )
Cash and cash equivalents at beginning of period |  | 82,158 |  |  | 9,695 |  |  | 1,129 |  |  | — |  |  | 92,982 |
Cash and cash equivalents at end of period |  | $ | 1,772 |  |  | $ | 3,997 |  |  | $ | 812 |  |  | $ | — |  |  | $ | 6,581 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
|  | Three Months Ended December 26, 2015
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities |  | $ | (19,914 | ) |  | $ | (1,065 | ) |  | $ | 25,382 |  |  | $ | (4,884 | ) |  | $ | (481 | )
Additions to property, plant and equipment |  | (707 | ) |  | (226 | ) |  | (4,323 | ) |  | — |  |  | (5,256 | )
Payments to acquire companies, net of cash acquired |  | (68,529 | ) |  | — |  |  | — |  |  | — |  |  | (68,529 | )
Change in restricted cash and cash equivalents |  | 1,218 |  |  | — |  |  | — |  |  | — |  |  | 1,218 |
Other investing activities |  | (200 | ) |  | — |  |  | — |  |  | — |  |  | (200 | )
Intercompany investing activities |  | (653 | ) |  | — |  |  | (19,321 | ) |  | 19,974 |  |  | — |
Net cash used by investing activities |  | (68,871 | ) |  | (226 | ) |  | (23,644 | ) |  | 19,974 |  |  | (72,767 | )
Repayments of long-term debt |  | (400,065 | ) |  | — |  |  | (7 | ) |  | — |  |  | (400,072 | )
Borrowings under revolving line of credit |  | 79,000 |  |  | — |  |  | — |  |  | — |  |  | 79,000 |
Repayments on revolving line of credit |  | (37,000 | ) |  | — |  |  | — |  |  | — |  |  | (37,000 | )
Issuance of long-term debt |  | 400,000 |  |  |  |  |  |  |  |  |  |  |  | 400,000 |
Excess tax benefits from stock-based awards |  | 900 |  |  | — |  |  | — |  |  | — |  |  | 900 |
Repurchase of common stock |  | (1,167 | ) |  | — |  |  | — |  |  | — |  |  | (1,167 | )
Distribution to parent |  | — |  |  | (4,884 | ) |  | — |  |  | 4,884 |  |  | — |
Distribution to noncontrolling interest |  | — |  |  | (592 | ) |  | — |  |  | — |  |  | (592 | )
Payment of financing costs |  | (6,324 | ) |  |  |  |  |  |  |  |  |  |  | (6,324 | )
Intercompany financing activities |  | 18,261 |  |  | 1,713 |  |  | — |  |  | (19,974 | ) |  | — |
Net cash provided (used) by financing activities |  | 53,605 |  |  | (3,763 | ) |  | (7 | ) |  | (15,090 | ) |  | 34,745 |
Effect of exchange rates on cash |  | (182 | ) |  | 66 |  |  | 41 |  |  | — |  |  | (75 | )
Net increase decrease in cash and cash equivalents |  | (35,362 | ) |  | (4,988 | ) |  | 1,772 |  |  | — |  |  | (38,578 | )
Cash and cash equivalents at beginning of year |  | 36,280 |  |  | 10,022 |  |  | 1,282 |  |  | — |  |  | 47,584 |
Cash and cash equivalents at end of year |  | $ | 918 |  |  | $ | 5,034 |  |  | $ | 3,054 |  |  | $ | — |  |  | $ | 9,006 |

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 information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration