XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Condensed Consolidating Financial Statements | 3 Months Ended
--- | ---
Mar. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Financial Statements | Condensed Consolidating Financial Statements Debt of AMC Networks includes $600 million of 4.75% senior notes due December 2022 and $1 billion of 5.00% senior notes due April 2024. All outstanding senior notes issued by AMC Networks are guaranteed on a senior unsecured basis by certain of its existing and future domestic restricted subsidiaries (the “Guarantor Subsidiaries”). All Guarantor Subsidiaries are owned 100% by AMC Networks. The outstanding notes are fully and unconditionally guaranteed by the Guarantor Subsidiaries on a joint and several basis. Set forth below are condensed consolidating financial statements presenting the financial position, results of operations, comprehensive income, and cash flows of (i) the Parent Company, (ii) the Guarantor Subsidiaries on a combined basis (as such guarantees are joint and several), (iii) the direct and indirect non-guarantor subsidiaries of the Parent Company (the “Non-Guarantor Subsidiaries”) on a combined basis and (iv) reclassifications and eliminations necessary to arrive at the information for the Company on a consolidated basis. Basis of Presentation In presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) the Parent Company’s interests in the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries, and (ii) the Guarantor Subsidiaries’ interests in the Non-Guarantor Subsidiaries, even though all such subsidiaries meet the requirements to be consolidated under GAAP. All intercompany balances and transactions between the Parent Company, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries have been eliminated, as shown in the column “Eliminations.” The accounting basis in all subsidiaries, including goodwill and identified intangible assets, have been allocated to the applicable subsidiaries.
Condensed Consolidating Balance Sheet
March 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 523 |  |  | $ | 262,256 |  |  | $ | 140,869 |  |  | $ | — |  |  | $ | 403,648 |
Accounts receivable, trade (less allowance for doubtful accounts) | — |  |  | 559,982 |  |  | 156,922 |  |  | — |  |  | 716,904 |
Amounts due from related parties, net | — |  |  | 536 |  |  | — |  |  | — |  |  | 536 |
Current portion of program rights, net | — |  |  | 322,957 |  |  | 138,048 |  |  | — |  |  | 461,005 |
Prepaid expenses, other current assets and intercompany receivable | 16 |  |  | 177,967 |  |  | 16,450 |  |  | (122,539 | ) |  | 71,894 |
Total current assets | 539 |  |  | 1,323,698 |  |  | 452,289 |  |  | (122,539 | ) |  | 1,653,987 |
Property and equipment, net of accumulated depreciation | — |  |  | 108,318 |  |  | 60,905 |  |  | — |  |  | 169,223 |
Investment in affiliates | 3,120,330 |  |  | 805,401 |  |  | — |  |  | (3,925,731 | ) |  | — |
Program rights, net | — |  |  | 913,013 |  |  | 164,345 |  |  | — |  |  | 1,077,358 |
Long-term intercompany notes receivable | — |  |  | 431,140 |  |  | 678 |  |  | (431,818 | ) |  | — |
Deferred carriage fees, net | — |  |  | 39,336 |  |  | 1,067 |  |  | — |  |  | 40,403 |
Intangible assets, net | — |  |  | 177,861 |  |  | 300,899 |  |  | — |  |  | 478,760 |
Goodwill | — |  |  | 68,518 |  |  | 593,558 |  |  | — |  |  | 662,076 |
Deferred tax asset, net | — |  |  | — |  |  | 8,906 |  |  | — |  |  | 8,906 |
Other assets | 1,790 |  |  | 133,612 |  |  | 243,939 |  |  | — |  |  | 379,341 |
Total assets | $ | 3,122,659 |  |  | $ | 4,000,897 |  |  | $ | 1,826,586 |  |  | $ | (4,480,088 | ) |  | $ | 4,470,054 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 135 |  |  | $ | 55,547 |  |  | $ | 41,795 |  |  | $ | — |  |  | $ | 97,477 |
Accrued liabilities and intercompany payable | 143,519 |  |  | 125,579 |  |  | 153,641 |  |  | (122,539 | ) |  | 300,200 |
Current portion of program rights obligations | — |  |  | 205,501 |  |  | 70,582 |  |  | — |  |  | 276,083 |
Deferred revenue | — |  |  | 35,935 |  |  | 10,967 |  |  | — |  |  | 46,902 |
Current portion of long-term debt | 240,500 |  |  | — |  |  | — |  |  | — |  |  | 240,500 |
Current portion of capital lease obligations | — |  |  | 2,713 |  |  | 1,736 |  |  | — |  |  | 4,449 |
Total current liabilities | 384,154 |  |  | 425,275 |  |  | 278,721 |  |  | (122,539 | ) |  | 965,611 |
Program rights obligations | — |  |  | 366,515 |  |  | 31,480 |  |  | — |  |  | 397,995 |
Long-term debt, net | 2,525,544 |  |  | — |  |  | — |  |  | — |  |  | 2,525,544 |
Capital lease obligations | — |  |  | 5,949 |  |  | 28,212 |  |  | — |  |  | 34,161 |
Deferred tax liability, net | 153,594 |  |  | — |  |  | (2,445 | ) |  | — |  |  | 151,149 |
Other liabilities and intercompany notes payable | 27,915 |  |  | 82,828 |  |  | 442,355 |  |  | (431,818 | ) |  | 121,280 |
Total liabilities | 3,091,207 |  |  | 880,567 |  |  | 778,323 |  |  | (554,357 | ) |  | 4,195,740 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 214,998 |  |  | — |  |  | 214,998 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
AMC Networks stockholders’ equity | 31,452 |  |  | 3,120,330 |  |  | 805,401 |  |  | (3,925,731 | ) |  | 31,452 |
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 27,864 |  |  | — |  |  | 27,864 |
Total stockholders’ equity | 31,452 |  |  | 3,120,330 |  |  | 833,265 |  |  | (3,925,731 | ) |  | 59,316 |
Total liabilities and stockholders’ equity | $ | 3,122,659 |  |  | $ | 4,000,897 |  |  | $ | 1,826,586 |  |  | $ | (4,480,088 | ) |  | $ | 4,470,054 |
Condensed Consolidating Balance Sheet
December 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 565 |  |  | 320,950 |  |  | 159,874 |  |  | — |  |  | 481,389 |
Accounts receivable, trade (less allowance for doubtful accounts) | — |  |  | 537,751 |  |  | 162,904 |  |  | — |  |  | 700,655 |
Amounts due from related parties, net | — |  |  | 508 |  |  | — |  |  | — |  |  | 508 |
Current portion of program rights, net | — |  |  | 307,050 |  |  | 134,080 |  |  | — |  |  | 441,130 |
Prepaid expenses, other current assets and intercompany receivable | 948 |  |  | 151,175 |  |  | 15,961 |  |  | (95,423 | ) |  | 72,661 |
Total current assets | 1,513 |  |  | 1,317,434 |  |  | 472,819 |  |  | (95,423 | ) |  | 1,696,343 |
Property and equipment, net of accumulated depreciation | — |  |  | 104,272 |  |  | 62,364 |  |  | — |  |  | 166,636 |
Investment in affiliates | 3,029,922 |  |  | 784,024 |  |  | — |  |  | (3,813,946 | ) |  | — |
Program rights, net | — |  |  | 947,657 |  |  | 160,929 |  |  | — |  |  | 1,108,586 |
Long-term intercompany notes receivable | — |  |  | 432,099 |  |  | 817 |  |  | (432,916 | ) |  | — |
Deferred carriage fees, net | — |  |  | 42,656 |  |  | 1,230 |  |  | — |  |  | 43,886 |
Intangible assets, net | — |  |  | 180,297 |  |  | 305,512 |  |  | — |  |  | 485,809 |
Goodwill | — |  |  | 69,154 |  |  | 588,554 |  |  | — |  |  | 657,708 |
Deferred tax asset, net | — |  |  | — |  |  | 8,598 |  |  | — |  |  | 8,598 |
Other assets | 1,471 |  |  | 116,608 |  |  | 194,950 |  |  | — |  |  | 313,029 |
Total assets | 3,032,906 |  |  | 3,994,201 |  |  | 1,795,773 |  |  | (4,342,285 | ) |  | 4,480,595 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | — |  |  | 40,033 |  |  | 48,644 |  |  | — |  |  | 88,677 |
Accrued liabilities and intercompany payable | 71,680 |  |  | 182,667 |  |  | 125,505 |  |  | (95,423 | ) |  | 284,429 |
Current portion of program rights obligations | — |  |  | 226,474 |  |  | 74,371 |  |  | — |  |  | 300,845 |
Deferred revenue | — |  |  | 42,782 |  |  | 10,861 |  |  | — |  |  | 53,643 |
Current portion of long-term debt | 222,000 |  |  | — |  |  | — |  |  | — |  |  | 222,000 |
Current portion of capital lease obligations | — |  |  | 2,645 |  |  | 1,939 |  |  | — |  |  | 4,584 |
Total current liabilities | 293,680 |  |  | 494,601 |  |  | 261,320 |  |  | (95,423 | ) |  | 954,178 |
Program rights obligations | — |  |  | 365,262 |  |  | 32,913 |  |  | — |  |  | 398,175 |
Long-term debt, net | 2,597,263 |  |  | — |  |  | — |  |  | — |  |  | 2,597,263 |
Capital lease obligations | — |  |  | 6,647 |  |  | 28,635 |  |  | — |  |  | 35,282 |
Deferred tax liability, net | 145,364 |  |  | — |  |  | 427 |  |  | — |  |  | 145,791 |
Other liabilities and intercompany notes payable | 26,681 |  |  | 97,769 |  |  | 440,685 |  |  | (432,916 | ) |  | 132,219 |
Total liabilities | 3,062,988 |  |  | 964,279 |  |  | 763,980 |  |  | (528,339 | ) |  | 4,262,908 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Redeemable noncontrolling interests | — |  |  | — |  |  | 219,331 |  |  | — |  |  | 219,331 |
Stockholders’ equity: |  |  |  |  |  |  |  |  |
AMC Networks stockholders’ (deficiency) equity | (30,082 | ) |  | 3,029,922 |  |  | 784,024 |  |  | (3,813,946 | ) |  | (30,082 | )
Non-redeemable noncontrolling interests | — |  |  | — |  |  | 28,438 |  |  | — |  |  | 28,438 |
Total stockholders’ (deficiency) equity | (30,082 | ) |  | 3,029,922 |  |  | 812,462 |  |  | (3,813,946 | ) |  | (1,644 | )
Total liabilities and stockholders’ (deficiency) equity | 3,032,906 |  |  | 3,994,201 |  |  | 1,795,773 |  |  | (4,342,285 | ) |  | 4,480,595 |
Condensed Consolidating Statement of Income
Three Months Ended March 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 579,382 |  |  | $ | 143,132 |  |  | $ | (2,325 | ) |  | $ | 720,189 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 221,754 |  |  | 77,617 |  |  | (759 | ) |  | 298,612 |
Selling, general and administrative | — |  |  | 119,681 |  |  | 45,479 |  |  | (1,451 | ) |  | 163,709 |
Depreciation and amortization | — |  |  | 10,204 |  |  | 13,289 |  |  | — |  |  | 23,493 |
Restructuring expense | — |  |  | 2,704 |  |  | — |  |  | — |  |  | 2,704 |
Total operating expenses | — |  |  | 354,343 |  |  | 136,385 |  |  | (2,210 | ) |  | 488,518 |
Operating income | — |  |  | 225,039 |  |  | 6,747 |  |  | (115 | ) |  | 231,671 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (29,412 | ) |  | 9,823 |  |  | (7,418 | ) |  | — |  |  | (27,007 | )
Share of affiliates’ income | 235,774 |  |  | 3,145 |  |  | — |  |  | (238,919 | ) |  | — |
Miscellaneous, net | (112 | ) |  | 431 |  |  | 10,615 |  |  | 115 |  |  | 11,049 |
Total other income (expense) | 206,250 |  |  | 13,399 |  |  | 3,197 |  |  | (238,804 | ) |  | (15,958 | )
Income from operations before income taxes | 206,250 |  |  | 238,438 |  |  | 9,944 |  |  | (238,919 | ) |  | 215,713 |
Income tax expense | (70,033 | ) |  | (2,664 | ) |  | (385 | ) |  | — |  |  | (73,082 | )
Net income including noncontrolling interests | 136,217 |  |  | 235,774 |  |  | 9,559 |  |  | (238,919 | ) |  | 142,631 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (6,414 | ) |  | — |  |  | (6,414 | )
Net income attributable to AMC Networks’ stockholders | $ | 136,217 |  |  | $ | 235,774 |  |  | $ | 3,145 |  |  | $ | (238,919 | ) |  | $ | 136,217 |
Condensed Consolidating Statement of Income
Three Months Ended March 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Revenues, net | $ | — |  |  | $ | 554,326 |  |  | $ | 154,737 |  |  | $ | (2,484 | ) |  | $ | 706,579 |
Operating expenses: |  |  |  |  |  |  |  |  |
Technical and operating (excluding depreciation and amortization) | — |  |  | 190,110 |  |  | 84,847 |  |  | (683 | ) |  | 274,274 |
Selling, general and administrative | — |  |  | 114,357 |  |  | 41,348 |  |  | (1,804 | ) |  | 153,901 |
Depreciation and amortization | — |  |  | 10,075 |  |  | 9,557 |  |  | — |  |  | 19,632 |
Restructuring expense (credit) | — |  |  | (70 | ) |  | 35 |  |  | — |  |  | (35 | )
Total operating expenses | — |  |  | 314,472 |  |  | 135,787 |  |  | (2,487 | ) |  | 447,772 |
Operating income | — |  |  | 239,854 |  |  | 18,950 |  |  | 3 |  |  | 258,807 |
Other income (expense): |  |  |  |  |  |  |  |  |
Interest expense, net | (30,572 | ) |  | 9,293 |  |  | (9,750 | ) |  | — |  |  | (31,029 | )
Share of affiliates’ income (loss) | 246,047 |  |  | (770 | ) |  | — |  |  | (245,277 | ) |  | — |
Loss on extinguishment of debt | (48,334 | ) |  | — |  |  | — |  |  | — |  |  | (48,334 | )
Miscellaneous, net | (79 | ) |  | (21 | ) |  | (734 | ) |  | (3 | ) |  | (837 | )
Total other income (expense) | 167,062 |  |  | 8,502 |  |  | (10,484 | ) |  | (245,280 | ) |  | (80,200 | )
Income from operations before income taxes | 167,062 |  |  | 248,356 |  |  | 8,466 |  |  | (245,277 | ) |  | 178,607 |
Income tax expense | (53,618 | ) |  | (2,309 | ) |  | (2,616 | ) |  | — |  |  | (58,543 | )
Net income including noncontrolling interests | 113,444 |  |  | 246,047 |  |  | 5,850 |  |  | (245,277 | ) |  | 120,064 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (6,620 | ) |  | — |  |  | (6,620 | )
Net income (loss) attributable to AMC Networks’ stockholders | $ | 113,444 |  |  | $ | 246,047 |  |  | $ | (770 | ) |  | $ | (245,277 | ) |  | $ | 113,444 |
Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interest | $ | 136,217 |  |  | $ | 235,774 |  |  | $ | 9,559 |  |  | $ | (238,919 | ) |  | $ | 142,631 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 9,864 |  |  | — |  |  | 9,864 |  |  | (9,864 | ) |  | 9,864 |
Unrealized gain on interest rate swaps | 319 |  |  | — |  |  | — |  |  | — |  |  | 319 |
Unrealized gain on available for sale securities | 4,021 |  |  | — |  |  | — |  |  | — |  |  | 4,021 |
Other comprehensive income, before income taxes | 14,204 |  |  | — |  |  | 9,864 |  |  | (9,864 | ) |  | 14,204 |
Income tax expense | (1,597 | ) |  | — |  |  | — |  |  | — |  |  | (1,597 | )
Other comprehensive income, net of income taxes | 12,607 |  |  | — |  |  | 9,864 |  |  | (9,864 | ) |  | 12,607 |
Comprehensive income | 148,824 |  |  | 235,774 |  |  | 19,423 |  |  | (248,783 | ) |  | 155,238 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (6,805 | ) |  | — |  |  | (6,805 | )
Comprehensive income attributable to AMC Networks’ stockholders | $ | 148,824 |  |  | $ | 235,774 |  |  | $ | 12,618 |  |  | $ | (248,783 | ) |  | $ | 148,433 |
Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income including noncontrolling interest | $ | 113,444 |  |  | $ | 246,047 |  |  | $ | 5,850 |  |  | $ | (245,277 | ) |  | $ | 120,064 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (2,845 | ) |  | (2,845 | ) |  | 18,230 |  |  | 2,845 |  |  | 15,385 |
Unrealized loss on interest rate swaps | (1,578 | ) |  | — |  |  | — |  |  | — |  |  | (1,578 | )
Other comprehensive (loss) income, before income taxes | (4,423 | ) |  | (2,845 | ) |  | 18,230 |  |  | 2,845 |  |  | 13,807 |
Income tax expense | (1,899 | ) |  | — |  |  | — |  |  | — |  |  | (1,899 | )
Other comprehensive (loss) income, net of income taxes | (6,322 | ) |  | (2,845 | ) |  | 18,230 |  |  | 2,845 |  |  | 11,908 |
Comprehensive income | 107,122 |  |  | 243,202 |  |  | 24,080 |  |  | (242,432 | ) |  | 131,972 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (7,032 | ) |  | — |  |  | (7,032 | )
Comprehensive income attributable to AMC Networks’ stockholders | $ | 107,122 |  |  | $ | 243,202 |  |  | $ | 17,048 |  |  | $ | (242,432 | ) |  | $ | 124,940 |
Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2017
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 224,091 |  |  | $ | 138,889 |  |  | $ | 21,097 |  |  | $ | (239,207 | ) |  | $ | 144,870 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (15,645 | ) |  | (4,561 | ) |  | — |  |  | (20,206 | )
Investment in and loans to investees | — |  |  | — |  |  | (28,000 | ) |  | — |  |  | (28,000 | )
Increase to investment in affiliates | (57,926 | ) |  | (36,982 | ) |  | — |  |  | 94,908 |  |  | — |
Net cash used in investing activities | (57,926 | ) |  | (52,627 | ) |  | (32,561 | ) |  | 94,908 |  |  | (48,206 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Principal payments on long-term debt | (55,500 | ) |  | — |  |  | — |  |  | — |  |  | (55,500 | )
Deemed repurchases of restricted stock units | (12,796 | ) |  | — |  |  | — |  |  | — |  |  | (12,796 | )
Purchase of treasury stock | (91,423 | ) |  | — |  |  | — |  |  | — |  |  | (91,423 | )
Principal payments on capital lease obligations | — |  |  | (657 | ) |  | (744 | ) |  | — |  |  | (1,401 | )
Distributions to noncontrolling interests | — |  |  | — |  |  | (11,712 | ) |  | — |  |  | (11,712 | )
Net cash used in financing activities | (159,719 | ) |  | (657 | ) |  | (12,456 | ) |  | — |  |  | (172,832 | )
Net increase (decrease) in cash and cash equivalents from operations | 6,446 |  |  | 85,605 |  |  | (23,920 | ) |  | (144,299 | ) |  | (76,168 | )
Effect of exchange rate changes on cash and cash equivalents | (6,488 | ) |  | (144,299 | ) |  | 4,915 |  |  | 144,299 |  |  | (1,573 | )
Cash and cash equivalents at beginning of period | 565 |  |  | 320,950 |  |  | 159,874 |  |  | — |  |  | 481,389 |
Cash and cash equivalents at end of period | $ | 523 |  |  | $ | 262,256 |  |  | $ | 140,869 |  |  | $ | — |  |  | $ | 403,648 |
Condensed Consolidated Statement of Cash Flows
Three Months Ended March 31, 2016
(In thousands) | Parent Company |  | Guarantor Subsidiaries |  | Non- Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 204,100 |  |  | $ | 193,453 |  |  | $ | 19,383 |  |  | $ | (249,552 | ) |  | $ | 167,384 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | 2 |  |  | (8,151 | ) |  | (4,238 | ) |  | — |  |  | (12,387 | )
Increase to investment in affiliates | (160,665 | ) |  | (72,411 | ) |  | (13,181 | ) |  | 246,257 |  |  | — |
Net cash used in investing activities | (160,663 | ) |  | (80,562 | ) |  | (17,419 | ) |  | 246,257 |  |  | (12,387 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from the issuance of long-term debt | 982,500 |  |  | — |  |  | — |  |  | — |  |  | 982,500 |
Principal payments on long-term debt | (691,449 | ) |  | — |  |  | — |  |  | — |  |  | (691,449 | )
Premium and fees paid on extinguishment of debt | (39,179 | ) |  | — |  |  | — |  |  | — |  |  | (39,179 | )
Payments for financing costs | (2,070 | ) |  | — |  |  | — |  |  | — |  |  | (2,070 | )
Deemed repurchases of restricted stock units | (10,413 | ) |  | — |  |  | — |  |  | — |  |  | (10,413 | )
Proceeds from stock option exercises | 1,200 |  |  | — |  |  | — |  |  | — |  |  | 1,200 |
Excess tax benefits from share-based compensation arrangements | 852 |  |  | — |  |  | — |  |  | — |  |  | 852 |
Principal payments on capital lease obligations | — |  |  | (597 | ) |  | (489 | ) |  | — |  |  | (1,086 | )
Distributions to noncontrolling interest | — |  |  | — |  |  | (8,968 | ) |  | — |  |  | (8,968 | )
Net cash provided by (used in) financing activities | 241,441 |  |  | (597 | ) |  | (9,457 | ) |  | — |  |  | 231,387 |
Net increase (decrease) in cash and cash equivalents from operations | 284,878 |  |  | 112,294 |  |  | (7,493 | ) |  | (3,295 | ) |  | 386,384 |
Effect of exchange rate changes on cash and cash equivalents | (5,844 | ) |  | (3,295 | ) |  | 5,939 |  |  | 3,295 |  |  | 95 |
Cash and cash equivalents at beginning of period | 434 |  |  | 148,260 |  |  | 167,627 |  |  | — |  |  | 316,321 |
Cash and cash equivalents at end of period | $ | 279,468 |  |  | $ | 257,259 |  |  | $ | 166,073 |  |  | $ | — |  |  | $ | 702,800 |

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 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration