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Consolidating Condensed Financial Information of Guarantor Subsidiaries | 3 Months Ended
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Dec. 28, 2019
Condensed Financial Information 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 and 2028 Notes. Certain subsidiaries and operating divisions are not guarantors of the 2023 Notes and 2028 Notes. Those subsidiaries that are guarantors and co-obligors of the 2023 Notes and 2028 Notes are as follows: Arden Companies, LLC C&S Products Co., Inc. Farnam Companies, Inc. Four Paws Products Ltd. Gulfstream Home & Garden, Inc. Hydro-Organics Wholesale, Inc. IMS Trading, LLC IMS Southern, LLC K&H Manufacturing, LLC Kaytee Products, Inc. Matson, LLC New England Pottery, LLC Pennington Seed, Inc. (including Gro Tec, Inc., NEXGEN Turf Research, LLC 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, Aquatica Tropicals, Inc., Quality Pets, LLC and Midwest Tropicals, LLC) T.F.H. Publications, Inc. Wellmark International (including B2E Corporation, B2E Microbials, LLC, B2E Manufacturing, LLC, Four Star Microbial Products, LLC 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.
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |
|  | Three Months Ended December 28, 2019 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 170,328 |  |  | $ | 23,837 |  |  | $ | 301,041 |  |  | $ | (12,378) |  |  | $ | 482,828 |
Cost of goods sold and occupancy |  | 132,273 |  |  | 23,712 |  |  | 206,984 |  |  | (11,407) |  |  | 351,562 |
Gross profit |  | 38,055 |  |  | 125 |  |  | 94,057 |  |  | (971) |  |  | 131,266 |
Selling, general and administrative expenses |  |  | 43,237 |  |  | 7,819 |  |  | 79,116 |  |  | (971) |  |  | 129,201 |
Operating income (loss) |  | (5,182) |  |  | (7,694) |  |  | 14,941 |  |  | — |  |  | 2,065 |
Interest expense |  | (10,578) |  |  | (60) |  |  | (3) |  |  | — |  |  | (10,641) |
Interest income |  |  | 1,997 |  |  | 7 |  |  | — |  |  | — |  |  | 2,004 |
Other income (expense) |  | (75) |  |  | 737 |  |  | (357) |  |  | — |  |  | 305 |
Income (loss) before taxes and equity in earnings (losses) of affiliates |  | (13,838) |  |  | (7,010) |  |  | 14,581 |  |  | — |  |  | (6,267) |
Income tax expense (benefit) |  | (3,898) |  |  | (365) |  |  | 2,535 |  |  | — |  |  | (1,728) |
Equity in earnings (loss) of affiliates |  | 5,523 |  |  | — |  |  | (680) |  |  | (4,843) |  |  | — |
Net income (loss) including noncontrolling interest |  | (4,417) |  |  | (6,645) |  |  | 11,366 |  |  | (4,843) |  |  | (4,539) |
Net loss attributable to noncontrolling interest |  | — |  |  | (122) |  |  | — |  |  | — |  |  | (122) |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | (4,417) |  |  | $ | (6,523) |  |  | $ | 11,366 |  |  | $ | (4,843) |  |  | $ | (4,417) |
|  | CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS |  |  |  |  |  |  |  |
|  | Three Months Ended December 29, 2018 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 173,406 |  |  | $ | 23,629 |  |  | $ | 279,834 |  |  | $ | (14,879) |  |  | $ | 461,990 |
Cost of goods sold and occupancy |  | 136,013 |  |  | 22,003 |  |  | 187,683 |  |  | (13,891) |  |  | 331,808 |
Gross profit |  | 37,393 |  |  |  | 1,626 |  |  |  | 92,151 |  |  |  | (988) |  |  | 130,182 |
Selling, general and administrative expenses |  | 43,665 |  |  | 7,351 |  |  | 69,973 |  |  | (988) |  |  | 120,001 |
Operating income (loss) |  | (6,272) |  |  |  | (5,725) |  |  |  | 22,178 |  |  |  | — |  |  | 10,181 |
Interest expense |  | (10,497) |  |  | (114) |  |  | (3) |  |  | — |  |  | (10,614) |
Interest income |  | 2,533 |  |  | 4 |  |  | — |  |  | — |  |  | 2,537 |
Other income (expense) |  | 37 |  |  | (216) |  |  | (13) |  |  | — |  |  | (192) |
Income (loss) before taxes and equity in earnings (losses) of affiliates |  | (14,199) |  |  |  | (6,051) |  |  |  | 22,162 |  |  |  | — |  |  | 1,912 |
Income tax expense (benefit) |  | (2,088) |  |  | (256) |  |  | 2,617 |  |  |  |  |  | 273 |
Equity in earnings of affiliates |  | 13,914 |  |  | — |  |  | (1,112) |  |  | (12,802) |  |  | — |
Net income (loss) including noncontrolling interest |  | 1,803 |  |  |  | (5,795) |  |  |  | 18,433 |  |  |  | (12,802) |  |  | 1,639 |
Net income (loss) attributable to noncontrolling interest |  | — |  |  | (164) |  |  | — |  |  | — |  |  | (164) |
Net income (loss) attributable to Central Garden & Pet Company |  | $ | 1,803 |  |  |  | $ | (5,631) |  |  |  | $ | 18,433 |  |  |  | $ | (12,802) |  |  | $ | 1,803 |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |
|  | Three Months Ended December 28, 2019 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | (4,417) |  |  | $ | (6,645) |  |  | $ | 11,366 |  |  | $ | (4,843) |  |  | $ | (4,539) |
Other comprehensive income: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | 436 |  |  | 297 |  |  | 21 |  |  | (318) |  |  | 436 |
Total comprehensive income (loss) |  | (3,981) |  |  | (6,348) |  |  | 11,387 |  |  | (5,161) |  |  | (4,103) |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | (122) |  |  | — |  |  | — |  |  | (122) |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | (3,981) |  |  | $ | (6,226) |  |  | $ | 11,387 |  |  | $ | (5,161) |  |  | $ | (3,981) |
|  | CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) |  |  |  |  |  |  |  |
|  | Three Months Ended December 29, 2018 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) |  | $ | 1,803 |  |  | $ | (5,795) |  |  | $ | 18,433 |  |  | $ | (12,802) |  |  | $ | 1,639 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |
Foreign currency translation |  | (274) |  |  | (129) |  |  | (95) |  |  | 224 |  |  | (274) |
Total comprehensive income (loss) |  | 1,529 |  |  | (5,924) |  |  | 18,338 |  |  | (12,578) |  |  | 1,365 |
Comprehensive loss attributable to noncontrolling interests |  | — |  |  | (164) |  |  | — |  |  | — |  |  | (164) |
Comprehensive income (loss) attributable to Central Garden & Pet Company |  | $ | 1,529 |  |  | $ | (5,760) |  |  | $ | 18,338 |  |  | $ | (12,578) |  |  | $ | 1,529 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET |  |  |  |  |  |  |  |
|  | December 28, 2019 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 435,169 |  |  | $ | 9,467 |  |  | $ | 1,177 |  |  | $ | — |  |  | $ | 445,813 |
Restricted cash |  | 12,990 |  |  | — |  |  | — |  |  | — |  |  | 12,990 |
Short term investments |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accounts receivable, net |  | 99,521 |  |  | 9,261 |  |  | 159,447 |  |  | — |  |  | 268,229 |
Inventories, net |  | 141,336 |  |  | 37,999 |  |  | 377,144 |  |  | — |  |  | 556,479 |
Prepaid expenses and other |  | 12,338 |  |  | 1,337 |  |  | 23,894 |  |  | — |  |  | 37,569 |
Total current assets |  | 701,354 |  |  | 58,064 |  |  | 561,662 |  |  | — |  |  | 1,321,080 |
Property, plant and equipment, net |  | 27,857 |  |  | 35,118 |  |  | 178,820 |  |  | — |  |  | 241,795 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 261,862 |  |  | — |  |  | 289,854 |
Operating lease right-of-use assets |  | 51,232 |  |  | 6,680 |  |  | 47,365 |  |  | — |  |  | 105,277 |
Other long-term assets |  | 47,882 |  |  | 5,099 |  |  | 136,249 |  |  | (12,079) |  |  | 177,151 |
Intercompany receivable |  | 40,813 |  |  | — |  |  | 861,972 |  |  | (902,785) |  |  | — |
Investment in subsidiaries |  | 1,790,591 |  |  | — |  |  | — |  |  | (1,790,591) |  |  | — |
Total |  | $ | 2,680,307 |  |  | $ | 112,375 |  |  | $ | 2,047,930 |  |  | $ | (2,705,455) |  |  | $ | 2,135,157 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 61,493 |  |  | $ | 17,065 |  |  | $ | 106,101 |  |  | $ | — |  |  | $ | 184,659 |
Accrued expenses |  | 56,374 |  |  | 4,049 |  |  | 64,351 |  |  | — |  |  | 124,774 |
Current operating lease liability |  | 20,251 |  |  | 3,398 |  |  | 10,671 |  |  | — |  |  | 34,320 |
Current portion of long-term debt |  | 107 |  |  | — |  |  | — |  |  | — |  |  | 107 |
Total current liabilities |  | 138,225 |  |  | 24,512 |  |  | 181,123 |  |  | — |  |  | 343,860 |
Long-term debt |  | 693,329 |  |  | — |  |  | — |  |  | — |  |  | 693,329 |
Operating lease long term liabilities |  | 33,212 |  |  | 3,264 |  |  | 38,807 |  |  |  |  |  | 75,283 |
Intercompany payable |  | 841,709 |  |  | 61,077 |  |  | — |  |  | (902,786) |  |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 26,246 |  |  | (26,246) |  |  | — |
Other long-term obligations |  | 708 |  |  | — |  |  | 60,884 |  |  | (12,079) |  |  | 49,513 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 973,124 |  |  | 23,474 |  |  | 1,740,870 |  |  | (1,764,344) |  |  | 973,124 |
Noncontrolling interest |  | — |  |  | 48 |  |  | — |  |  |  |  |  | 48 |
Total equity |  | 973,124 |  |  | 23,522 |  |  | 1,740,870 |  |  | (1,764,344) |  |  | 973,172 |
Total |  | $ | 2,680,307 |  |  | $ | 112,375 |  |  | $ | 2,047,930 |  |  | $ | (2,705,455) |  |  | $ | 2,135,157 |
|  | CONSOLIDATING CONDENSED BALANCE SHEET |  |  |  |  |  |  |  |
|  | December 29, 2018 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 470,049 |  |  | $ | 6,500 |  |  | $ | 2,188 |  |  | $ | — |  |  | $ | 478,737 |
Restricted cash |  | 10,921 |  |  | — |  |  | — |  |  | — |  |  | 10,921 |
Accounts receivable, net |  | 95,399 |  |  | 9,736 |  |  | 145,088 |  |  | — |  |  | 250,223 |
Inventories, net |  | 137,158 |  |  | 36,698 |  |  | 319,889 |  |  | — |  |  | 493,745 |
Prepaid expenses and other |  | 16,268 |  |  | 1,635 |  |  | 20,495 |  |  | — |  |  | 38,398 |
Total current assets |  | 729,795 |  |  | 54,569 |  |  | 487,660 |  |  | — |  |  | 1,272,024 |
Property, plant and equipment, net |  | 31,311 |  |  | 33,483 |  |  | 146,766 |  |  | — |  |  | 211,560 |
Goodwill |  | 20,578 |  |  | 7,414 |  |  | 253,185 |  |  | — |  |  | 281,177 |
Other long-term assets |  | 54,972 |  |  | 6,663 |  |  | 132,846 |  |  | (8,396) |  |  | 186,085 |
Intercompany receivable |  | 100,968 |  |  | — |  |  | 775,169 |  |  | (876,137) |  |  | — |
Investment in subsidiaries |  | 1,632,068 |  |  | — |  |  | — |  |  | (1,632,068) |  |  | — |
Total |  | $ | 2,569,692 |  |  | $ | 102,129 |  |  | $ | 1,795,626 |  |  | $ | (2,516,601) |  |  | $ | 1,950,846 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 47,350 |  |  | $ | 12,359 |  |  | $ | 81,477 |  |  | $ | — |  |  | $ | 141,186 |
Accrued expenses |  | 48,038 |  |  | 4,159 |  |  | 56,048 |  |  | — |  |  | 108,245 |
Current portion of long-term debt |  | 117 |  |  | — |  |  | — |  |  | — |  |  | 117 |
Total current liabilities |  | 95,505 |  |  | 16,518 |  |  | 137,525 |  |  | — |  |  | 249,548 |
Long-term debt |  | 692,157 |  |  | — |  |  | 175 |  |  | — |  |  | 692,332 |
Intercompany payable |  | 817,165 |  |  | 58,972 |  |  | — |  |  | (876,137) |  |  | — |
Losses in excess of investment in subsidiaries |  | — |  |  | — |  |  | 26,148 |  |  | (26,148) |  |  | — |
Other long-term obligations |  | 8,602 |  |  | — |  |  | 52,276 |  |  | (8,396) |  |  | 52,482 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 956,263 |  |  | 26,418 |  |  | 1,579,502 |  |  | (1,605,920) |  |  | 956,263 |
Noncontrolling interest |  | — |  |  | 221 |  |  | — |  |  | — |  |  | 221 |
Total equity |  | 956,263 |  |  | 26,639 |  |  | 1,579,502 |  |  | (1,605,920) |  |  | 956,484 |
Total |  | $ | 2,569,692 |  |  | $ | 102,129 |  |  | $ | 1,795,626 |  |  | $ | (2,516,601) |  |  | $ | 1,950,846 |
|  | 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 |
Property, plant 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 |
Total Central Garden & Pet shareholders’ equity (deficit) |  | 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 STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |
|  | Three Months Ended December 28, 2019 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non- Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash used by operating activities |  | $ | (8,297) |  |  | $ | (1,238) |  |  | $ | (8,487) |  |  | $ | — |  |  | $ | (18,022) |
Additions to property, plant and equipment |  | (1,817) |  |  | 188 |  |  | (8,248) |  |  | — |  |  | (9,877) |
Investments |  | (424) |  |  | — |  |  | — |  |  | — |  |  | (424) |
Other investing activities |  | (75) |  |  | — |  |  | — |  |  | — |  |  | (75) |
Intercompany investing activities |  | (3,270) |  |  | — |  |  | 17,258 |  |  | (13,988) |  |  | — |
Net cash (used) provided by investing activities |  | (5,586) |  |  | 188 |  |  | 9,010 |  |  | (13,988) |  |  | (10,376) |
Repayments of long-term debt |  | (31) |  |  | — |  |  | — |  |  | — |  |  | (31) |
Payment of financing costs |  | (869) |  |  |  |  |  |  |  |  |  |  |  | (869) |
Repurchase of common stock |  | (23,054) |  |  | — |  |  | — |  |  | — |  |  | (23,054) |
Payment of contingent consideration liability |  | — |  |  | — |  |  | (77) |  |  | — |  |  | (77) |
Intercompany financing activities |  | (16,962) |  |  | 2,974 |  |  | — |  |  | 13,988 |  |  | — |
Net cash (used) provided by financing activities |  | (40,916) |  |  | 2,974 |  |  | (77) |  |  | 13,988 |  |  | (24,031) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  | 416 |  |  | 235 |  |  | (120) |  |  | — |  |  | 531 |
Net increase (decrease) in cash, cash equivalents and restricted cash |  | (54,383) |  |  | 2,159 |  |  | 326 |  |  | — |  |  | (51,898) |
Cash, cash equivalents and restricted cash at beginning of period |  | 502,542 |  |  | 7,308 |  |  | 851 |  |  | — |  |  | 510,701 |
Cash, cash equivalents and restricted cash at end of period |  | $ | 448,159 |  |  | $ | 9,467 |  |  | $ | 1,177 |  |  | $ | — |  |  | $ | 458,803 |
|  | CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS |  |  |  |  |  |  |  |
|  | Three Months Ended December 29, 2018 |  |  |  |  |  |  |  |
|  | (in thousands) |  |  |  |  |  |  |  |
|  | Parent |  | Non-Guarantor Subsidiaries |  | Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities |  | $ | (3,592) |  |  | $ | (1,459) |  |  | $ | 11,851 |  |  | $ | — |  |  | $ | 6,800 |
Additions to property, plant and equipment |  | (873) |  |  | (704) |  |  | (6,261) |  |  | — |  |  | (7,838) |
Investments |  | (1,499) |  |  | — |  |  | — |  |  | — |  |  | (1,499) |
Other investing activities |  | (50) |  |  | — |  |  | — |  |  | — |  |  | (50) |
Intercompany investing activities |  | (60,604) |  |  | — |  |  | (5,283) |  |  | 65,887 |  |  | — |
Net cash used by investing activities |  | (63,026) |  |  | (704) |  |  | (11,544) |  |  | 65,887 |  |  | (9,387) |
Repayments of long-term debt |  | (28) |  |  | — |  |  | (6) |  |  | — |  |  | (34) |
Repurchase of common stock |  | (547) |  |  | — |  |  | — |  |  | — |  |  | (547) |
Payment of contingent consideration |  | — |  |  | — |  |  | (54) |  |  | — |  |  | (54) |
Intercompany financing activities |  | 63,233 |  |  | 2,654 |  |  | — |  |  | (65,887) |  |  | — |
Net cash provided (used) by financing activities |  | 62,658 |  |  | 2,654 |  |  | (60) |  |  | (65,887) |  |  | (635) |
Effect of exchange rates on cash, cash equivalents and restricted cash |  | (179) |  |  | 4 |  |  | 50 |  |  | — |  |  | (125) |
Net increase (decrease) in cash, cash equivalents and restricted cash |  | (4,139) |  |  | 495 |  |  | 297 |  |  | — |  |  | (3,347) |
Cash, cash equivalents and restricted cash at beginning of period |  | 485,109 |  |  | 6,005 |  |  | 1,891 |  |  | — |  |  | 493,005 |
Cash, cash equivalents and restricted cash at end of period |  | $ | 480,970 |  |  | $ | 6,500 |  |  | $ | 2,188 |  |  | $ | — |  |  | $ | 489,658 |

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- References No definition available. + Details
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- 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/disclosureRef -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/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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