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Consolidating Condensed Financial Information of Guarantor Subsidiaries (Tables) | 12 Months Ended
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Sep. 28, 2019
Condensed Financial Information Disclosure [Abstract] |
Consolidating Condensed Statement of Operations |
| CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
| Fiscal Year Ended September 28, 2019
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | 764,991 |  |  | $ | 191,442 |  |  | $ | 1,496,962 |  |  | $ | (70,385 | ) |  | $ | 2,383,010 |
Cost of goods sold and occupancy | 592,916 |  |  | 150,067 |  |  | 1,000,994 |  |  | (65,008 | ) |  | 1,678,969 |
Gross profit | 172,075 |  |  | 41,375 |  |  | 495,968 |  |  | (5,377 | ) |  | 704,041 |
Selling, general and administrative expenses | 181,894 |  |  | 42,213 |  |  | 333,243 |  |  | (5,377 | ) |  | 551,973 |
Operating income (loss) | (9,819 | ) |  | (838 | ) |  | 162,725 |  |  | — |  |  | 152,068 |
Interest expense | (42,078 | ) |  | (802 | ) |  | 266 |  |  | — |  |  | (42,614 | )
Interest income | 9,608 |  |  | 19 |  |  | (73 | ) |  | — |  |  | 9,554 |
Other income (expense) | 190 |  |  | (575 | ) |  | 628 |  |  | — |  |  | 243 |
Income (loss) before taxes and equity in earnings of affiliates | (42,099 | ) |  | (2,196 | ) |  | 163,546 |  |  | — |  |  | 119,251 |
Income tax expense (benefit) | (9,324 | ) |  | (179 | ) |  | 36,107 |  |  | — |  |  | 26,604 |
Equity in earnings of affiliates | 125,561 |  |  | — |  |  | (230 | ) |  | (125,331 | ) |  | — |
Net income including noncontrolling interest | 92,786 |  |  | (2,017 | ) |  | 127,209 |  |  | (125,331 | ) |  | 92,647 |
Noncontrolling interest | — |  |  | (139 | ) |  | — |  |  | — |  |  | (139 | )
Net income attributable to Central Garden & Pet Company | $ | 92,786 |  |  | $ | (1,878 | ) |  | $ | 127,209 |  |  | $ | (125,331 | ) |  | $ | 92,786 |
| CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
| Fiscal Year Ended September 29, 2018
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | 730,439 |  |  | $ | 167,584 |  |  | $ | 1,397,688 |  |  | $ | (80,349 | ) |  | $ | 2,215,362 |
Cost of goods sold and occupancy | 568,145 |  |  | 128,944 |  |  | 917,276 |  |  | (74,379 | ) |  | 1,539,986 |
Gross profit | 162,294 |  |  | 38,640 |  |  | 480,412 |  |  | (5,970 | ) |  | 675,376 |
Selling, general and administrative expenses | 167,849 |  |  | 33,118 |  |  | 313,043 |  |  | (5,970 | ) |  | 508,040 |
Operating income (loss) | (5,555 | ) |  | 5,522 |  |  | 167,369 |  |  | — |  |  | 167,336 |
Interest expense | (38,855 | ) |  | (547 | ) |  | 206 |  |  | — |  |  | (39,196 | )
Interest income | 3,138 |  |  | 6 |  |  | 1 |  |  | — |  |  | 3,145 |
Other income (expense) | (4,269 | ) |  | (236 | ) |  | 645 |  |  | — |  |  | (3,860 | )
Income (loss) before taxes and equity in earnings of affiliates | (45,541 | ) |  | 4,745 |  |  | 168,221 |  |  | — |  |  | 127,425 |
Income tax expense (benefit) | (1,138 | ) |  | 79 |  |  | 4,364 |  |  | — |  |  | 3,305 |
Equity in earnings of affiliates | 167,997 |  |  | — |  |  | 1,133 |  |  | (169,130 | ) |  | — |
Net income including noncontrolling interest | 123,594 |  |  | 4,666 |  |  | 164,990 |  |  | (169,130 | ) |  | 124,120 |
Noncontrolling interest | — |  |  | 526 |  |  | — |  |  | — |  |  | 526 |
Net income (loss) attributable to Central Garden & Pet Company | $ | 123,594 |  |  | $ | 4,140 |  |  | $ | 164,990 |  |  | $ | (169,130 | ) |  | $ | 123,594 |
| CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
| Fiscal Year Ended September 30, 2017
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | 685,998 |  |  | $ | 79,681 |  |  | $ | 1,370,335 |  |  | $ | (81,536 | ) |  | $ | 2,054,478 |
Cost of goods sold and occupancy | 534,682 |  |  | 60,788 |  |  | 901,959 |  |  | (75,759 | ) |  | 1,421,670 |
Gross profit | 151,316 |  |  | 18,893 |  |  | 468,376 |  |  | (5,777 | ) |  | 632,808 |
Selling, general and administrative expenses | 154,267 |  |  | 18,416 |  |  | 309,790 |  |  | (5,777 | ) |  | 476,696 |
Operating income (loss) | (2,951 | ) |  | 477 |  |  | 158,586 |  |  | — |  |  | 156,112 |
Interest expense | (28,051 | ) |  | (294 | ) |  | 136 |  |  | — |  |  | (28,209 | )
Interest income | 146 |  |  | 1 |  |  | — |  |  | — |  |  | 147 |
Other income (expense) | (2,379 | ) |  | 844 |  |  | (86 | ) |  | — |  |  | (1,621 | )
Income (loss) before taxes and equity in earnings of affiliates | (33,235 | ) |  | 1,028 |  |  | 158,636 |  |  | — |  |  | 126,429 |
Income tax expense (benefit) | (11,981 | ) |  | 1,466 |  |  | 57,214 |  |  | — |  |  | 46,699 |
Equity in earnings of affiliates | 100,082 |  |  | — |  |  | 420 |  |  | (100,502 | ) |  | — |
Net income including noncontrolling interest | 78,828 |  |  | (438 | ) |  | 101,842 |  |  | (100,502 | ) |  | 79,730 |
Noncontrolling interest | — |  |  | 902 |  |  | — |  |  | — |  |  | 902 |
Net income (loss) attributable to Central Garden & Pet Company | $ | 78,828 |  |  | $ | (1,340 | ) |  | $ | 101,842 |  |  | $ | (100,502 | ) |  | $ | 78,828 |
Consolidating Condensed Statements of Comprehensive Income (Loss) |
| CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Fiscal Year Ended September 28, 2019
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 92,786 |  |  | $ | (2,017 | ) |  | $ | 127,209 |  |  | $ | (125,331 | ) |  | $ | 92,647 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation | (458 | ) |  | (299 | ) |  | (48 | ) |  | 347 |  |  | (458 | )
Total comprehensive income (loss) | 92,328 |  |  | (2,316 | ) |  | 127,161 |  |  | (124,984 | ) |  | 92,189 |
Comprehensive loss attributable to noncontrolling interests | — |  |  | (139 | ) |  | — |  |  | — |  |  | (139 | )
Comprehensive income (loss) attributable to Central Garden & Pet Company | $ | 92,328 |  |  | $ | (2,177 | ) |  | $ | 127,161 |  |  | $ | (124,984 | ) |  | $ | 92,328 |
| CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
| Fiscal Year Ended September 29, 2018
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income | $ | 123,594 |  |  | $ | 4,666 |  |  | $ | 164,990 |  |  | $ | (169,130 | ) |  | $ | 124,120 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation | (267 | ) |  | (145 | ) |  | (67 | ) |  | 212 |  |  | (267 | )
Total comprehensive income | 123,327 |  |  | 4,521 |  |  | 164,923 |  |  | (168,918 | ) |  | 123,853 |
Comprehensive income attributable to noncontrolling interests | — |  |  | 526 |  |  | — |  |  | — |  |  | 526 |
Comprehensive income attributable to Central Garden & Pet Company | $ | 123,327 |  |  | $ | 3,995 |  |  | $ | 164,923 |  |  | $ | (168,918 | ) |  | $ | 123,327 |
| CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Fiscal Year Ended September 30, 2017
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 78,828 |  |  | $ | (438 | ) |  | $ | 101,842 |  |  | $ | (100,502 | ) |  | $ | 79,730 |
Other comprehensive Income: |  |  |  |  |  |  |  |  |
Foreign currency translation | 343 |  |  | 169 |  |  | 108 |  |  | (277 | ) |  | 343 |
Total comprehensive income (loss) | 79,171 |  |  | (269 | ) |  | 101,950 |  |  | (100,779 | ) |  | 80,073 |
Comprehensive income attributable to noncontrolling interests | — |  |  | 902 |  |  | — |  |  | — |  |  | 902 |
Comprehensive income (loss) attributable to Central Garden & Pet Company | $ | 79,171 |  |  | $ | (1,171 | ) |  | $ | 101,950 |  |  | $ | (100,779 | ) |  | $ | 79,171 |
Consolidating Condensed Balance Sheet |
|  | CONSOLIDATING CONDENSED BALANCE SHEET
|  | September 28, 2019
|  | (in thousands)
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 489,590 |  |  | $ | 7,308 |  |  | $ | 851 |  |  | $ | — |  |  | $ | 497,749 |
Restricted cash |  | 12,952 |  |  | — |  |  | — |  |  | — |  |  | 12,952 |
Accounts receivable, net |  | 99,372 |  |  | 11,551 |  |  | 189,212 |  |  | — |  |  | 300,135 |
Inventories, net |  | 121,344 |  |  | 30,826 |  |  | 314,027 |  |  | — |  |  | 466,197 |
Prepaid expenses and other assets |  | 9,339 |  |  | 1,241 |  |  | 19,580 |  |  | — |  |  | 30,160 |
Total current assets |  | 732,597 |  |  | 50,926 |  |  | 523,670 |  |  | — |  |  | 1,307,193 |
Land, buildings, improvements and equipment, net |  | 27,395 |  |  | 35,854 |  |  | 182,156 |  |  | — |  |  | 245,405 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 258,085 |  |  | — |  |  | 286,077 |
Other long term assets |  | 55,690 |  |  | 5,487 |  |  | 139,138 |  |  | (13,970 | ) |  | 186,345 |
Intercompany receivable |  | 37,544 |  |  | — |  |  | 879,231 |  |  | (916,775 | ) |  | — |
Investment in subsidiaries |  | 1,784,750 |  |  | — |  |  | — |  |  | (1,784,750 | ) |  | — |
Total |  | $ | 2,658,554 |  |  | $ | 99,681 |  |  | $ | 1,982,280 |  |  | $ | (2,715,495 | ) |  | $ | 2,025,020 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 47,506 |  |  | $ | 6,895 |  |  | $ | 94,845 |  |  | $ | — |  |  | $ | 149,246 |
Accrued expenses and other liabilities |  | 54,623 |  |  | 4,814 |  |  | 69,729 |  |  | — |  |  | 129,166 |
Current portion of long term debt |  | 113 |  |  | — |  |  | — |  |  | — |  |  | 113 |
Total current liabilities |  | 102,242 |  |  | 11,709 |  |  | 164,574 |  |  | — |  |  | 278,525 |
Long-term debt |  | 693,037 |  |  | — |  |  | — |  |  | — |  |  | 693,037 |
Intercompany payable |  | 858,673 |  |  | 58,102 |  |  | — |  |  | (916,775 | ) |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 25,567 |  |  | (25,567 | ) |  | — |
Other long-term obligations |  | 8,595 |  |  | — |  |  | 62,656 |  |  | (13,970 | ) |  | 57,281 |
Shareholders’ equity attributable to Central Garden & Pet |  | 996,007 |  |  | 29,700 |  |  | 1,729,483 |  |  | (1,759,183 | ) |  | 996,007 |
Noncontrolling interest |  | — |  |  | 170 |  |  | — |  |  | — |  |  | 170 |
Total equity |  | 996,007 |  |  | 29,870 |  |  | 1,729,483 |  |  | (1,759,183 | ) |  | 996,177 |
Total |  | $ | 2,658,554 |  |  | $ | 99,681 |  |  | $ | 1,982,280 |  |  | $ | (2,715,495 | ) |  | $ | 2,025,020 |
| CONSOLIDATING CONDENSED BALANCE SHEET
| September 29, 2018
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |
Cash and cash equivalents | $ | 474,210 |  |  | $ | 6,005 |  |  | $ | 1,891 |  |  | $ | — |  |  | $ | 482,106 |
Restricted cash | 10,899 |  |  | — |  |  | — |  |  | — |  |  | 10,899 |
Accounts receivable, net | 94,657 |  |  | 9,647 |  |  | 171,604 |  |  | — |  |  | 275,908 |
Inventories, net | 123,178 |  |  | 32,556 |  |  | 272,089 |  |  | — |  |  | 427,823 |
Prepaid expenses and other assets | 6,304 |  |  | 1,455 |  |  | 12,803 |  |  | — |  |  | 20,562 |
Total current assets | 709,248 |  |  | 49,663 |  |  | 458,387 |  |  | — |  |  | 1,217,298 |
Land, buildings, improvements and equipment, net | 33,484 |  |  | 33,840 |  |  | 150,323 |  |  | — |  |  | 217,647 |
Goodwill | 20,578 |  |  | 7,414 |  |  | 253,185 |  |  | — |  |  | 281,177 |
Other long term assets | 62,199 |  |  | 7,469 |  |  | 133,145 |  |  | (11,726 | ) |  | 191,087 |
Intercompany receivable | 40,365 |  |  | — |  |  | 769,886 |  |  | (810,251 | ) |  | — |
Investment in subsidiaries | 1,618,378 |  |  | — |  |  | — |  |  | (1,618,378 | ) |  | — |
Total | $ | 2,484,252 |  |  | $ | 98,386 |  |  | $ | 1,764,926 |  |  | $ | (2,440,355 | ) |  | $ | 1,907,209 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 33,122 |  |  | $ | 4,759 |  |  | $ | 72,378 |  |  | $ | — |  |  | $ | 110,259 |
Accrued expenses and other liabilities | 44,142 |  |  | 4,746 |  |  | 53,695 |  |  | — |  |  | 102,583 |
Current portion of long term debt | 116 |  |  | — |  |  | 6 |  |  | — |  |  | 122 |
Total current liabilities | 77,380 |  |  | 9,505 |  |  | 126,079 |  |  | — |  |  | 212,964 |
Long-term debt | 691,869 |  |  | — |  |  | 162 |  |  | — |  |  | 692,031 |
Intercompany payable | 753,933 |  |  | 56,318 |  |  | — |  |  | (810,251 | ) |  | — |
Losses in excess of investment in subsidiaries | — |  |  | — |  |  | 25,036 |  |  | (25,036 | ) |  | — |
Other long-term obligations | 8,621 |  |  | — |  |  | 52,485 |  |  | (11,726 | ) |  | 49,380 |
Shareholders’ equity attributable to Central Garden & Pet | 952,449 |  |  | 32,178 |  |  | 1,561,164 |  |  | (1,593,342 | ) |  | 952,449 |
Noncontrolling interest | — |  |  | 385 |  |  | — |  |  | — |  |  | 385 |
Total equity | 952,449 |  |  | 32,563 |  |  | 1,561,164 |  |  | (1,593,342 | ) |  | 952,834 |
Total | $ | 2,484,252 |  |  | $ | 98,386 |  |  | $ | 1,764,926 |  |  | $ | (2,440,355 | ) |  | $ | 1,907,209 |
Consolidating Condensed Statement of Cash Flows |
| CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
| Fiscal Year Ended September 28, 2019
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided by operating activities | $ | 22,344 |  |  | $ | 4,625 |  |  | $ | 178,305 |  |  | $ | (300 | ) |  | $ | 204,974 |
Additions to property, plant and equipment | (3,926 | ) |  | (4,779 | ) |  | (22,872 | ) |  | — |  |  | (31,577 | )
Businesses acquired, net of cash acquired | (41,161 | ) |  | — |  |  | — |  |  | — |  |  | (41,161 | )
Investments | (2,010 | ) |  | — |  |  | — |  |  | — |  |  | (2,010 | )
Other investing activities | (518 | ) |  | — |  |  | (997 | ) |  | — |  |  | (1,515 | )
Intercompany investing activities | 2,820 |  |  | — |  |  | (109,345 | ) |  | 106,525 |  |  | — |
Net cash used by investing activities | (44,795 | ) |  | (4,779 | ) |  | (133,214 | ) |  | 106,525 |  |  | (76,263 | )
Repayments of long-term debt | (121 | ) |  | — |  |  | (46,072 | ) |  | — |  |  | (46,193 | )
Repurchase of common stock | (62,974 | ) |  | — |  |  | — |  |  | — |  |  | (62,974 | )
Payment of deferred financing costs | (1,352 | ) |  | — |  |  | — |  |  | — |  |  | (1,352 | )
Payments of contingent consideration | — |  |  | — |  |  | (170 | ) |  | — |  |  | (170 | )
Distribution to parent | — |  |  | (300 | ) |  | — |  |  | 300 |  |  | — |
Distribution to noncontrolling interest | — |  |  | (76 | ) |  | — |  |  | — |  |  | (76 | )
Intercompany financing activities | 104,742 |  |  | 1,783 |  |  | — |  |  | (106,525 | ) |  | — |
Net cash provided (used) by financing activities | 40,295 |  |  | 1,407 |  |  | (46,242 | ) |  | (106,225 | ) |  | (110,765 | )
Effect of exchange rates on cash | (411 | ) |  | 50 |  |  | 111 |  |  | — |  |  | (250 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 17,433 |  |  | 1,303 |  |  | (1,040 | ) |  | — |  |  | 17,696 |
Cash, cash equivalents and restricted cash at beginning of year | 485,109 |  |  | 6,005 |  |  | 1,891 |  |  | — |  |  | 493,005 |
Cash, cash equivalents and restricted cash at end of year | $ | 502,542 |  |  | $ | 7,308 |  |  | $ | 851 |  |  | $ | — |  |  | $ | 510,701 |
| CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
| Fiscal Year Ended September 29, 2018
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities | $ | (16,676 | ) |  | $ | (1,288 | ) |  | $ | 138,463 |  |  | $ | (6,387 | ) |  | $ | 114,112 |
Additions to property, plant and equipment | (6,633 | ) |  | (1,495 | ) |  | (29,717 | ) |  | — |  |  | (37,845 | )
Businesses acquired, net of cash acquired | (91,244 | ) |  | — |  |  | — |  |  | — |  |  | (91,244 | )
Investments | (9,048 | ) |  | — |  |  | — |  |  | — |  |  | (9,048 | )
Other investing activities | (2,745 | ) |  | — |  |  | — |  |  | — |  |  | (2,745 | )
Intercompany investing activities | (3,760 | ) |  | — |  |  | (107,749 | ) |  | 111,509 |  |  | — |
Net cash used by investing activities | (113,430 | ) |  | (1,495 | ) |  | (137,466 | ) |  | 111,509 |  |  | (140,882 | )
Repayments on revolving line of credit | (23,000 | ) |  | — |  |  | — |  |  | — |  |  | (23,000 | )
Borrowings on revolving line of credit | 23,000 |  |  | — |  |  | — |  |  | — |  |  | 23,000 |
Repayments of long-term debt | (56 | ) |  | — |  |  | (375 | ) |  | — |  |  | (431 | )
Issuance of long-term debt | 300,000 |  |  | — |  |  | — |  |  | — |  |  | 300,000 |
Proceeds from issuance of common stock | 195,631 |  |  | — |  |  | — |  |  | — |  |  | 195,631 |
Repurchase of common stock | (13,797 | ) |  | — |  |  | — |  |  | — |  |  | (13,797 | )
Payments of contingent consideration | — |  |  | — |  |  | (253 | ) |  | — |  |  | (253 | )
Payment of deferred financing costs | (4,770 | ) |  | — |  |  | — |  |  | — |  |  | (4,770 | )
Distribution to parent | — |  |  | (6,387 | ) |  | — |  |  | 6,387 |  |  | — |
Distribution to noncontrolling interest | — |  |  | (1,597 | ) |  | — |  |  | — |  |  | (1,597 | )
Intercompany financing activities | 106,525 |  |  | 4,984 |  |  | — |  |  | (111,509 | ) |  | — |
Net cash provided (used) by financing activities | 583,533 |  |  | (3,000 | ) |  | (628 | ) |  | (105,122 | ) |  | 474,783 |
Effect of exchange rates on cash | (201 | ) |  | 95 |  |  | 56 |  |  | — |  |  | (50 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 453,226 |  |  | (5,688 | ) |  | 425 |  |  | — |  |  | 447,963 |
Cash, cash equivalents and restricted cash at beginning of year | 31,883 |  |  | 11,693 |  |  | 1,466 |  |  | — |  |  | 45,042 |
Cash, cash equivalents and restricted cash at end of year | $ | 485,109 |  |  | $ | 6,005 |  |  | $ | 1,891 |  |  | $ | — |  |  | $ | 493,005 |
| CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
| Fiscal Year Ended September 30, 2017
| (in thousands)
| Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities | $ | (7,418 | ) |  | $ | 2,846 |  |  | $ | 122,957 |  |  | $ | (4,076 | ) |  | $ | 114,309 |
Additions to property, plant and equipment | (9,419 | ) |  | (805 | ) |  | (34,435 | ) |  | — |  |  | (44,659 | )
Businesses acquired, net of cash acquired | (103,880 | ) |  | — |  |  | — |  |  | — |  |  | (103,880 | )
Proceeds from asset sales | 229 |  |  | — |  |  | 8,318 |  |  | — |  |  | 8,547 |
Escrow deposit for acquisition related-contingent consideration | (6,000 | ) |  | — |  |  | — |  |  | — |  |  | (6,000 | )
Investments | (12,495 | ) |  | — |  |  | — |  |  | — |  |  | (12,495 | )
Other investing activities | (4,355 | ) |  | — |  |  | — |  |  | — |  |  | (4,355 | )
Intercompany investing activities | (3,828 | ) |  | — |  |  | (94,763 | ) |  | 98,591 |  |  | — |
Net cash used by investing activities | (139,748 | ) |  | (805 | ) |  | (120,880 | ) |  | 98,591 |  |  | (162,842 | )
Repayments on revolving line of credit | (552,000 | ) |  | — |  |  | — |  |  | — |  |  | (552,000 | )
Borrowings on revolving line of credit | 552,000 |  |  | — |  |  | — |  |  | — |  |  | 552,000 |
Repayments of long-term debt | (89 | ) |  | — |  |  | (374 | ) |  | — |  |  | (463 | )
Excess tax benefits from stock-based awards | 19,946 |  |  | — |  |  | — |  |  | — |  |  | 19,946 |
Repurchase of common stock | (27,556 | ) |  | — |  |  | — |  |  | — |  |  | (27,556 | )
Payments of contingent consideration | — |  |  |  |  |  | (1,300 | ) |  |  |  |  | (1,300 | )
Distribution to parent | — |  |  | (4,076 | ) |  | — |  |  | 4,076 |  |  | — |
Distribution to noncontrolling interest | — |  |  | (1,019 | ) |  | — |  |  | — |  |  | (1,019 | )
Intercompany financing activities | 93,445 |  |  | 5,146 |  |  | — |  |  | (98,591 | ) |  | — |
Net cash provided (used) by financing activities | 85,746 |  |  | 51 |  |  | (1,674 | ) |  | (94,515 | ) |  | (10,392 | )
Effect of exchange rates on cash | 235 |  |  | (94 | ) |  | (66 | ) |  | — |  |  | 75 |
Net increase (decrease) in cash, cash equivalents and restricted cash | (61,185 | ) |  | 1,998 |  |  | 337 |  |  | — |  |  | (58,850 | )
Cash, cash equivalents and restricted cash at beginning of year | 93,068 |  |  | 9,695 |  |  | 1,129 |  |  | — |  |  | 103,892 |
Cash, cash equivalents and restricted cash at end of year | 31,883 |  |  | 11,693 |  |  | 1,466 |  |  | — |  |  | 45,042 |

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