XML 35 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Foreign Currency Gains and Losses
Foreign currency (gains) losses for the periods presented were as follows:
 
 
Years Ended December 31,
(In thousands)
 
2018
 
2017
 
2016
(Gain) loss on foreign currency related to re-measurement of U.S. dollar denominated debt held in Canada
 
$
37,724

 
$
(30,912
)
 
$
(14,771
)
(Gain) loss on other transactions
 
(1,470
)
 
1,826

 
115

(Gain) loss on foreign currency
 
$
36,254

 
$
(29,086
)
 
$
(14,656
)
Property, Plant and Equipment. Weighted Average Useful Lives
The estimated useful lives of the assets are as follows:
Land improvements
Approximately
 
25 years
Buildings
25 years
-
40 years
Rides
Approximately
 
20 years
Equipment
3 years
-
10 years
Disaggregation of Revenue
The following table presents the Partnership's revenues disaggregated by revenues generated within the parks and revenues generated from out-of-park operations less amounts remitted to outside parties under concessionaire arrangements, described below, for the periods presented:
 
 
Years Ended December 31,
(In thousands)
 
2018
 
2017
 
2016
In-park revenues
 
$
1,235,742

 
$
1,216,698

 
$
1,177,447

Out-of-park revenues
 
152,216

 
143,763

 
146,137

Concessionaire remittance
 
(39,428
)
 
(38,494
)
 
(34,863
)
Net revenues
 
$
1,348,530

 
$
1,321,967

 
$
1,288,721

Schedule of Weighted Average Number of Units
The unit amounts used in calculating the basic and diluted earnings per limited partner unit for the years ended December 31, 2018, 2017 and 2016 are as follows:
 
 
Years Ended December 31,
 
 
2018
 
2017
 
2016
 
 
(In thousands, except per unit amounts)
Basic weighted average units outstanding
 
56,212

 
56,061

 
55,933

Effect of dilutive units:
 
 
 
 
 
 
Deferred units (Note 7)
 
48

 
42

 
31

Performance units (Note 7)
 
135

 
188

 
181

Restricted units (Note 7)
 
312

 
324

 
288

Unit options (Note 7)
 
153

 
185

 
129

Diluted weighted average units outstanding
 
56,860

 
56,800

 
56,562

Net income per unit - basic
 
$
2.25

 
$
3.84

 
$
3.18

Net income per unit - diluted
 
$
2.23

 
$
3.79

 
$
3.14