Condensed Consolidating Financial Information

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Information [Abstract]

CONDENSED CONSOLIDATING FINANCIAL INFORMATION

NOTE 9 — CONDENSED CONSOLIDATING FINANCIAL INFORMATION

Set forth on the following pages are the condensed consolidating financial statements of (i) Allis-Chalmers Energy Inc., (ii) its subsidiaries that are guarantors of the senior notes and (iii) the subsidiaries that are not guarantors of the senior notes (in thousands):

CONDENSED CONSOLIDATING BALANCE SHEETS
September 30, 2011 (Successor)
(Unaudited)

	Allis-Chalmers			Subsidiary		Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors		Non-Guarantors			Adjustments			Total
Assets
Cash and cash equivalents	$	—		$	6,810	$	3,381		$	—		$	10,191
Trade receivables, net		—			105,720		100,358			(32,336	)		173,742
Inventories		—			29,662		26,695			—			56,357
Intercompany receivables		—			105,122		—			(105,122	)		—
Note receivable from affiliate		18,862			—		—			(18,862	)		—
Prepaid expenses and other		12			5,306		9,701			—			15,019
Total current assets		18,874			252,620		140,135			(156,320	)		255,309
Property and equipment, net		—			396,804		273,981			—			670,785
Goodwill		—			179,697		87,731			—			267,428
Other intangible assets, net		—			55,948		36,009			—			91,957
Note receivable from affiliates		1,500			—		—			(1,500	)		—
Investments in affiliates		1,177,161			—		—			(1,177,161	)		—
Other assets		—			5,328		860			—			6,188
Total assets	$	1,197,535		$	890,397	$	538,716		$	(1,334,981	)	$	1,291,667
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	$	—		$	—	$	6,915		$	—		$	6,915
Trade accounts payable		—			20,991		64,740			(32,336	)		53,395
Accrued salaries, benefits and payroll taxes		—			5,548		27,331			—			32,879
Accrued interest		3,296			—		229			—			3,525
Accrued expenses		265			15,720		19,491			—			35,476
Intercompany payables		57,916			—		47,206			(105,122	)		—
Note payable to affiliate		—			—		18,862			(18,862	)		—
Total current liabilities		61,477			42,259		184,774			(156,320	)		132,190
Long-term debt, net of current maturities		448,331			—		6,362			—			454,693
Note payable to affiliate		—			—		1,500			(1,500	)		—
Payable to parent		91,322			—		—			—			91,322
Other long-term liabilities		—			—		17,057			—			17,057
Total liabilities		601,130			42,259		209,693			(157,820	)		695,262
Commitments and Contingencies
Stockholders’ Equity
Common stock		—			3,527		42,963			(46,490	)		—
Capital in excess of par value		600,885			823,395		290,090			(1,113,485	)		600,885
Retained earnings (deficit)		(4,480	)		21,216		(4,030	)		(17,186	)		(4,480	)
Total stockholders’ equity		596,405			848,138		329,023			(1,177,161	)		596,405
Total liabilities and stockholders’ equity	$	1,197,535		$	890,397	$	538,716		$	(1,334,981	)	$	1,291,667

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the Three Months Ended September 30, 2011 (Successor)
(Unaudited)

	Allis-Chalmers			Subsidiary			Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors			Non-Guarantors			Adjustments			Total
Revenues	$	—		$	95,677		$	126,794		$	(63	)	$	222,408
Operating costs and expenses:
Direct costs		—			58,215			106,577			(63	)		164,729
Depreciation `		—			17,370			7,415			—			24,785
Selling, general and administrative		67			10,861			7,672			—			18,600
Amortization		—			1,591			1,342			—			2,933
Total operating costs and expenses		67			88,037			123,006			(63	)		211,047
Income (loss) from operations		(67	)		7,640			3,788			—			11,361
Other income (expense):
Equity earnings in affiliates, net of tax		6,995			—			—			(6,995	)		—
Interest, net		(8,379	)		(1	)		(938	)		—			(9,318	)
Other		(337	)		237			(331	)		—			(431	)
Total other income (expense)		(1,721	)		236			(1,269	)		(6,995	)		(9,749	)
Net income (loss) before income taxes		(1,788	)		7,876			2,519			(6,995	)		1,612
Provision for income taxes		—			(184	)		(3,216	)		—			(3,400	)
Net income (loss)	$	(1,788	)	$	7,692		$	(697	)	$	(6,995	)	$	(1,788	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the Seven Months Ended September 30, 2011 (Successor)
(Unaudited)

	Allis-Chalmers			Subsidiary			Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors			Non-Guarantors			Adjustments			Total
Revenues	$	—		$	226,559		$	287,065		$	(352	)	$	513,272
Operating costs and expenses:
Direct costs		—			137,094			241,751			(352	)		378,493
Depreciation `		—			38,167			16,964			—			55,131
Selling, general and administrative		167			21,858			16,752			—			38,777
Impairment of intangible assets		—			4,400			700			—			5,100
Amortization		—			3,714			5,029			—			8,743
Total operating costs and expenses		167			205,233			281,196			(352	)		486,244
Income (loss) from operations		(167	)		21,326			5,869			—			27,028
Other income (expense):
Equity earnings in affiliates, net of tax		17,186			—			—			(17,186	)		—
Interest, net		(21,180	)		(3	)		(1,937	)		—			(23,120	)
Other		(319	)		317			(450	)		—			(452	)
Total other income (expense)		(4,313	)		314			(2,387	)		(17,186	)		(23,572	)
Net income (loss) before income taxes		(4,480	)		21,640			3,482			(17,186	)		3,456
Provision for income taxes		—			(424	)		(7,512	)		—			(7,936	)
Net income (loss)	$	(4,480	)	$	21,216		$	(4,030	)	$	(17,186	)	$	(4,480	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the Two Months Ended February 28, 2011 (Predecessor)
(Unaudited)

	Allis-Chalmers			Subsidiary			Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors			Non-Guarantors			Adjustments			Total
Revenues	$	—		$	59,044		$	67,923		$	(82	)	$	126,885
Operating costs and expenses:
Direct costs		—			37,335			59,877			(82	)		97,130
Depreciation		—			10,174			4,852			—			15,026
Selling, general and administrative		5,998			15,034			2,720			—			23,752
Amortization		8			678			125			—			811
Total operating costs and expenses		6,006			63,221			67,574			(82	)		136,719
Income (loss) from operations		(6,006	)		(4,177	)		349			—			(9,834	)
Other income (expense):
Equity earnings in affiliates, net of tax		(6,057	)		—			—			6,057			—
Interest, net		(7,253	)		(8	)		(588	)		—			(7,849	)
Other		19			(232	)		335			—			122
Total other expense		(13,291	)		(240	)		(253	)		6,057			(7,727	)
Net income (loss) before income taxes		(19,297	)		(4,417	)		96			6,057			(17,561	)
Provision for income taxes		—			(233	)		(1,503	)		—			(1,736	)
Net loss		(19,297	)		(4,650	)		(1,407	)		6,057			(19,297	)
Preferred stock dividend		(375	)		—			—			—			(375	)
Net loss attributed to common stockholders	$	(19,672	)	$	(4,650	)	$	(1,407	)	$	6,057		$	(19,672	)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Seven Months Ended September 30, 2011 (Successor)
(Unaudited)

	Allis-Chalmers			Subsidiary			Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors			Non-Guarantors			Adjustments			Total
Cash Flows from Operating Activities:
Net income (loss)	$	(4,480	)	$	21,216		$	(4,030	)	$	(17,186	)	$	(4,480	)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:
Depreciation and amortization		—			41,881			21,993			—			63,874
Debt premium amortization		(1,900	)		—			—			—			(1,900	)
Equity earnings in affiliates		(17,186	)		—			—			17,186			—
Impairment of intangible assets		—			4,400			700			—			5,100
Allowance for bad debts		—			75			—			—			75
Deferred income taxes		—			—			229			—			229
Loss on debt extinguishment		351			—			—			—			351
Loss on sale of equipment		—			469			40			—			509
Equity in income of unconsolidated affiliates		—			(258	)		—			—			(258	)
Changes in operating assets and liabilities, net of acquisitions:
Increase in trade receivables		—			(3,614	)		(10,731	)		—			(14,345	)
Increase in inventories		—			(6,162	)		(6,245	)		—			(12,407	)
Increase in prepaid expenses and other current assets		(6	)		(2,322	)		(4,115	)		—			(6,443	)
Increase in other assets		—			(523	)		(233	)		—			(756	)
(Decrease) increase in trade accounts payable		—			(6,650	)		1,049			—			(5,601	)
Decrease in accrued interest		(7,983	)		—			(123	)		—			(8,106	)
Decrease in accrued expenses		(650	)		(1,647	)		(1,196	)		—			(3,493	)
(Decrease) increase in accrued salaries, benefits and payroll taxes		—			(3,418	)		5,186			—			1,768
Decrease in other long- term liabilities		—			—			(89	)		—			(89	)
Net cash (used) provided by operating activities		(31,854	)		43,447			2,435			—			14,028
Cash Flows from Investing Activities:
Notes receivable from affiliates		(89	)		—			—			89			—
Decrease in restricted cash		—			4,141			—			—			4,141
Deposits on asset commitments		—			—			(225	)		—			(225	)
Proceeds from sale of property and equipment		—			3,319			787			—			4,106
Purchases of property and equipment		—			(27,498	)		(20,627	)		—			(48,125	)
Net cash used in investing activities		(89	)		(20,038	)		(20,065	)		89			(40,103	)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Seven Months Ended September 30, 2011 (Successor)
(Unaudited)

	Allis-Chalmers			Subsidiary			Subsidiary			Consolidating			Consolidated
	(Guarantor)			Guarantors			Non-Guarantors			Adjustments			Total
Cash Flows from Financing Activities:
Accounts receivable from affiliates		—			(33,113	)		—			33,113			—
Accounts payable to affiliates		11,768			—			21,345			(33,113	)		—
Note payable to affiliate		—			—			89			(89	)		—
Proceeds from issuance of long-term debt		—			—			64			—			64
Borrowings on lines of credit		130,000			—			—			—			130,000
Payments on long-term debt		(129,697	)		(350	)		(5,258	)		—			(135,305	)
Proceeds from Parent		19,872			—			—			—			19,872
Net cash (used) provided by financing activities		31,943			(33,463	)		16,240			(89	)		14,631
Net change in cash and cash equivalents		—			(10,054	)		(1,390	)		—			(11,444	)
Cash and cash equivalents at beginning of year		—			16,864			4,771			—			21,635
Cash and cash equivalents at end of period	$	—		$	6,810		$	3,381		$	—		$	10,191

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Two Months Ended February 28, 2011 (Predecessor)
(Unaudited)

	Allis-						Subsidiary
	Chalmers			Subsidiary			Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors			Adjustments			Total
Cash Flows from Operating Activities:
Net loss	$	(19,297	)	$	(4,650	)	$	(1,407	)	$	6,057		$	(19,297	)
Adjustments to reconcile net loss to net cash (used) provided by operating activities:
Depreciation and amortization		8			10,852			4,977			—			15,837
Amortization of deferred issuance costs		366			—			—			—			366
Stock based compensation		6,084			—			—			—			6,084
Equity earnings in affiliates		6,057			—			—			(6,057	)		—
Allowance for bad debts		—			195			—			—			195
Deferred income taxes		—			34			106			—			140
Loss on sale of equipment		—			352			64			—			416
Changes in operating assets and liabilities, net of acquisitions:
Increase in trade receivables		—			(3,714	)		(12,230	)		—			(15,944	)
Increase in inventories		—			(1,434	)		(376	)		—			(1,810	)
Decrease (increase) in prepaid expenses and other current assets		2,057			235			(1,742	)		—			550
Decrease in other assets		—			432			242			—			674
Increase in trade accounts payable		—			8,417			4,537			—			12,954
(Decrease) increase in accrued interest		(4,031	)		—			138			—			(3,893	)
(Decrease) increase in accrued expenses		(15	)		(1,137	)		9,707			—			8,555
Decrease in accrued salaries, benefits and payroll taxes		—			(17	)		(1,662	)		—			(1,679	)
Decrease in other long- term liabilities		—			—			(141	)		—			(141	)
Net cash (used) provided by operating activities		(8,771	)		9,565			2,213			—			3,007
Cash Flows from Investing Activities:
Notes receivable from affiliates		(114	)		—			—			114			—
Increase in restricted cash		—			(4,141	)		—			—			(4,141	)
Purchases of investment interests		—			(1,177	)		—			—			(1,177	)
Deposits on asset commitments		—			—			82			—			82
Proceeds from sale of property and equipment		—			924			85			—			1,009
Purchase of property and equipment		—			(16,931	)		(5,827	)		—			(22,758	)
Net cash used in investing activities		(114	)		(21,325	)		(5,660	)		114			(26,985	)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Two Months Ended February 28, 2011 (Predecessor)
(Unaudited)

	Allis-						Subsidiary
	Chalmers			Subsidiary			Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors			Adjustments			Total
Cash Flows from Financing Activities:
Accounts receivable from affiliates		—			12,811			—			(12,811	)		—
Accounts payable to affiliates		(23,607	)		—			10,796			12,811			—
Note payable to affiliate		—			—			114			(114	)		—
Payments on long-term debt		—			(567	)		(7,252	)		—			(7,819	)
Net borrowings (repayments) on line of credit		(36,500	)		—			—			—			(36,500	)
Proceeds from Parent		71,450			—			—			—			71,450
Payment of preferred stock dividend		(637	)		—			—			—			(637	)
Exercise of options and restricted stock awards, net of tax		(1,821	)		—			—			—			(1,821	)
Net cash provided by financing activities		8,885			12,244			3,658			(114	)		24,673
Net change in cash and cash equivalents		—			484			211			—			695
Cash and cash equivalents at beginning of year		—			16,380			4,560			—			20,940
Cash and cash equivalents at end of period	$	—		$	16,864		$	4,771		$	—		$	21,635

CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2010 (Predecessor)

						Subsidiary
	Allis-Chalmers			Subsidiary		Non-		Consolidating			Consolidated
	(Guarantor)			Guarantors		Guarantors		Adjustments			Total
Assets
Cash and cash equivalents	$	—		$	16,380	$	4,560	$	—		$	20,940
Trade receivables, net		—			79,100		77,397		(11,537	)		144,960
Inventories		—			22,066		20,074		—			42,140
Intercompany receivables		—			84,766		—		(84,766	)		—
Note receivable from affiliate		18,359			—		—		(18,359	)		—
Prepaid expenses and other		2,068			3,280		3,925		—			9,273
Total current assets		20,427			205,592		105,956		(114,662	)		217,313
Property and equipment, net		—			461,187		262,047		—			723,234
Goodwill		—			28,944		17,389		—			46,333
Other intangible assets, net		414			27,278		6,207		—			33,899
Debt issuance costs, net		7,405			—		—		—			7,405
Note receivable from affiliates		1,800			—		—		(1,800	)		—
Investments in affiliates		934,274			—		—		(934,274	)		—
Other assets		—			7,390		2,695		—			10,085
Total assets	$	964,320		$	730,391	$	394,294	$	(1,050,736	)	$	1,038,269
Liabilities and Stockholders’ Equity
Current maturities of long-term debt	$	—		$	979	$	14,236	$	—		$	15,215
Trade accounts payable		—			18,634		38,945		(11,537	)		46,042
Accrued salaries, benefits and payroll taxes		—			8,983		23,807		—			32,790
Accrued interest		15,310			—		214		—			15,524
Accrued expenses		1,192			18,504		10,980		—			30,676
Intercompany payables		69,756			—		15,010		(84,766	)		—
Note payable to affiliate		—			—		18,359		(18,359	)		—
Total current liabilities		86,258			47,100		121,551		(114,662	)		140,247
Long-term debt, net of current maturities		466,738			—		11,487		—			478,225
Note payable to affiliate		—			—		1,800		(1,800	)		—
Other long-term liabilities		—			—		8,473		—			8,473
Total liabilities		552,996			47,100		143,311		(116,462	)		626,945
Commitments and contingencies
Stockholders’ Equity
Preferred Stock		34,183			—		—		—			34,183
Common stock		737			3,527		42,963		(46,490	)		737
Capital in excess of par value		429,924			589,676		137,439		(727,115	)		429,924
Retained earnings (deficit)		(53,520	)		90,088		70,581		(160,669	)		(53,520	)
Total stockholders’ equity		411,324			683,291		250,983		(934,274	)		411,324
Total liabilities and stock holders’ equity	$	964,320		$	730,391	$	394,294	$	(1,050,736	)	$	1,038,269

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the Three Months Ended September 30, 2010 (Predecessor)
(Unaudited)

							Subsidiary
	Allis-Chalmers			Subsidiary			Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors			Adjustments			Total
Revenues	$	—		$	78,034		$	96,325		$	(71	)	$	174,288
Operating costs and expenses
Direct costs		—			47,152			80,541			(71	)		127,622
Selling, general and administrative		1,176			7,677			3,919			—			12,772
Depreciation and amortization		12			15,547			6,790			—			22,349
Total operating costs and expenses		1,188			70,376			91,250			(71	)		162,743
Income (loss) from operations		(1,188	)		7,658			5,075			—			11,545
Other income (expense):
Equity earnings in affiliates, net of tax		9,376			—			—			(9,376	)		—
Interest, net		(10,769	)		(505	)		(562	)		—			(11,836	)
Other		15			(166	)		(510	)		—			(661	)
Total other expense		(1,378	)		(671	)		(1,072	)		(9,376	)		(12,497	)
Net income (loss) before income taxes		(2,566	)		6,987			4,003			(9,376	)		(952	)
Provision for income taxes		—			811			(2,425	)		—			(1,614	)
Net income (loss)		(2,566	)		7,798			1,578			(9,376	)		(2,566	)
Preferred stock dividend		(637	)		—			—			—			(637	)
Net income (loss) attributed to common stockholders	$	(3,203	)	$	7,798		$	1,578		$	(9,376	)	$	(3,203	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
For the Nine Months Ended September 30, 2010 (Predecessor)
(Unaudited)

							Subsidiary
	Allis-Chalmers			Subsidiary			Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors			Adjustments			Total
Revenues	$	—		$	192,676		$	282,025		$	(1,399	)	$	473,302
Operating costs and expenses
Direct costs		—			124,528			232,931			(1,399	)		356,060
Selling, general and administrative		3,708			22,033			11,208			—			36,949
Depreciation and amortization		35			45,779			19,552			—			65,366
Total operating costs and expenses		3,743			192,340			263,691			(1,399	)		458,375
Income (loss) from operations		(3,743	)		336			18,334			—			14,927
Other income (expense):
Equity earnings in affiliates, net of tax		17,643			—			—			(17,643	)		—
Interest, net		(31,421	)		(291	)		(1,775	)		—			(33,487	)
Other		45			(1,944	)		(580	)		—			(2,479	)
Total other expense		(13,733	)		(2,235	)		(2,355	)		(17,643	)		(35,966	)
Net income (loss) before income taxes		(17,476	)		(1,899	)		15,979			(17,643	)		(21,039	)
Provision for income taxes		—			11,323			(7,760	)		—			3,563
Net income (loss)		(17,476	)		9,424			8,219			(17,643	)		(17,476	)
Preferred stock dividend		(1,911	)		—			—			—			(1,911	)
Net income (loss) attributed to common stockholders	$	(19,387	)	$	9,424		$	8,219		$	(17,643	)	$	(19,387	)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Nine Months Ended September 30, 2010 (Predecessor)
(Unaudited)

							Other
	Allis-						Subsidiaries
	Chalmers			Subsidiary			(Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors)			Adjustments			Total
Cash Flows from Operating Activities:
Net income (loss)	$	(17,476	)	$	9,424		$	8,219		$	(17,643	)	$	(17,476	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		35			45,779			19,552			—			65,366
Amortization and write-off of debt issuance costs		1,643			18			—			—			1,661
Stock-based compensation		4,374			—			—			—			4,374
Allowance for bad debts		—			43			—			—			43
Equity earnings in affiliates		(17,643	)		—			—			17,643			—
Deferred taxes		(11,847	)		(332	)		163			—			(12,016	)
Loss on sale of equipment		—			74			76			—			150
Loss on investment		—			1,466			—			—			1,466
Equity in losses of unconsolidated affiliates		—			409			—			—			409
Changes in operating assets and liabilities, net of acquisitions:
(Increase) in trade receivables		—			(15,869	)		(14,492	)		—			(30,361	)
(Increase) in inventories		—			(867	)		(1,830	)		—			(2,697	)
Decrease in prepaid expenses and other current assets		129			3,791			4,104			—			8,024
Decrease in other assets		—			549			716			—			1,265
(Decrease) increase in trade accounts payable		—			(4,637	)		13,017			—			8,380
(Decrease) increase in accrued interest		(9,016	)		(25	)		137			—			(8,904	)
Increase in accrued expenses		258			3,430			1,800			—			5,488
(Decrease) increase in accrued salaries, benefits and payroll taxes		—			(850	)		3,251			—			2,401
(Decrease) in other long-term liabilities		—			—			(690	)		—			(690	)
Net Cash Provided By (Used In) Operating Activities		(49,543	)		42,403			34,023			—			26,883
Cash Flows from Investing Activities:
Investment in affiliates		(19,467	)		—			—			19,467			—
Notes receivable from affiliates		8,328			—			—			(8,328	)		—
Deposits on asset commitments		—			(12,694	)		(273	)		—			(12,967	)
Proceeds from sale of investments		—			368			—			—			368
Proceeds from sale of property and equipment		—			4,911			373			—			5,284
Business acquisitions		—			(18,237	)		—			—			(18,237	)
Purchase of property and equipment		—			(30,158	)		(20,735	)		—			(50,893	)
Net Cash Used in Investing Activities		(11,139	)		(55,810	)		(20,635	)		11,139			(76,445	)

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOW
For the Nine Months Ended September 30, 2010 (Predecessor)
(Unaudited)

							Other
	Allis-						Subsidiaries
	Chalmers			Subsidiary			(Non-			Consolidating			Consolidated
	(Guarantor)			Guarantors			Guarantors)			Adjustments			Total
Cash Flows from Financing Activities:
Accounts receivable from affiliates		—			(25,492	)		(790	)		26,282			—
Accounts payable to affiliates		26,282			—			—			(26,282	)		—
Notes payable to affiliates		—			—			(8,328	)		8,328			—
Proceeds from parent contributions		—			19,467			—			(19,467	)		—
Proceeds from long-term debt		—			—			4,000			—			4,000
Borrowings under line of credit		36,500			—			—			—			36,500
Payments on long-term debt		—			(4,646	)		(9,942	)		—			(14,588	)
Payment of preferred stock dividend		(1,911	)		—			—			—			(1,911	)
Debt issuance costs		(189	)		—			—			—			(189	)
Net Cash Provided By (Used In) Financing Activities		60,682			(10,671	)		(15,060	)		(11,139	)		23,812
Net change in cash and cash equivalents		—			(24,078	)		(1,672	)		—			(25,750	)
Cash and cash equivalents at beginning of period		—			31,858			9,214			—			41,072
Cash and cash equivalents at end of period	$	—		$	7,780		$	7,542		$	—		$	15,322