Summarized Financial Information of Subsidiaries (Tables) - LAMAR MEDIA CORP [Member]

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015


Condensed Consolidating Balance Sheet as of March 31, 2016 (unaudited, in thousands)
	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated
ASSETS
Total current assets	$	11,213	$	284,991	$	30,553	$	—		$	326,757
Net property, plant and equipment		—		1,144,605		22,443		—			1,167,048
Intangibles and goodwill, net		—		2,316,372		34,465		—			2,350,837
Other assets		3,481,600		11,776		312		(3,460,224	)		33,464

Total assets	$	3,492,813	$	3,757,744	$	87,773	$	(3,460,224	)	$	3,878,106

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	17,856	$	—	$	—	$	—		$	17,856
Other current liabilities		26,061		150,370		20,011		—			196,442

Total current liabilities		43,917		150,370		20,011		—			214,298

Long-term debt		2,420,294		—		—		—			2,420,294
Other noncurrent liabilities		21,314		214,285		56,645		(56,018	)		236,226

Total liabilities		2,485,525		364,655		76,656		(56,018	)		2,870,818

Stockholders’ equity		1,007,288		3,393,089		11,117		(3,404,206	)		1,007,288

Total liabilities and stockholders’ equity	$	3,492,813	$	3,757,744	$	87,773	$	(3,460,224	)	$	3,878,106

Condensed Consolidating Balance Sheet as of December 31, 2015 (in thousands)
	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated
ASSETS
Total current assets	$	6,086	$	245,685	$	29,461	$	—		$	281,232
Net property, plant and equipment		—		1,072,595		22,542		—			1,095,137
Intangibles and goodwill, net		—		1,904,096		34,765		—			1,938,861
Other assets		2,943,826		11,451		535		(2,923,702	)		32,110

Total assets	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	16,509	$	—	$	—	$	—		$	16,509
Other current liabilities		29,268		163,955		22,618		—			215,841

Total current liabilities		45,777		163,955		22,618		—			232,350

Long-term debt		1,876,895		—		—		—			1,876,895
Other noncurrent liabilities		20,059		210,233		53,659		(53,037	)		230,914

Total liabilities		1,942,731		374,188		76,277		(53,037	)		2,340,159

Stockholders’ equity		1,007,181		2,859,639		11,026		(2,870,665	)		1,007,181

Total liabilities and stockholders’ equity	$	2,949,912	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,347,340

Condensed Consolidating Balance Sheet as of December 31, 2015

(in thousands)



	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated
ASSETS
Total current assets	$	6,086	$	245,685	$	29,461	$	—		$	281,232
Net property, plant and equipment		—		1,072,595		22,542		—			1,095,137
Intangibles and goodwill, net		—		1,904,096		34,765		—			1,938,861
Other assets		2,969,906		11,451		535		(2,923,702	)		58,190

Total assets	$	2,975,992	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,373,420

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	21,332	$	—	$	—	$	—		$	21,332
Other current liabilities		29,268		163,955		22,618		—			215,841

Total current liabilities		50,600		163,955		22,618		—			237,173

Long-term debt		1,898,152		—		—		—			1,898,152
Other noncurrent liabilities		20,059		210,233		53,659		(53,037	)		230,914

Total liabilities		1,968,811		374,188		76,277		(53,037	)		2,366,239

Stockholders’ equity		1,007,181		2,859,639		11,026		(2,870,665	)		1,007,181

Total liabilities and stockholders’ equity	$	2,975,992	$	3,233,827	$	87,303	$	(2,923,702	)	$	3,373,420


Condensed Consolidating Balance Sheet as of December 31, 2014
(in thousands)

	Lamar Media Corp.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Lamar Media Consolidated
ASSETS
Total current assets	$	12,003	$	235,202	$	25,439	$	—		$	272,644
Net property, plant and equipment		—		1,063,741		19,899		—			1,083,640
Intangibles and goodwill, net		—		1,834,022		35,112		—			1,869,134
Other assets		2,903,894		10,413		13,953		(2,853,218	)		75,042

Total assets	$	2,915,897	$	3,143,378	$	94,403	$	(2,853,218	)	$	3,300,460

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt	$	15,625	$	—	$	—	$	—		$	15,625
Other current liabilities		29,281		151,508		25,144		—			205,933

Total current liabilities		44,906		151,508		25,144		—			221,558

Long-term debt		1,884,270		—		—		—			1,884,270
Other noncurrent liabilities		19,830		207,359		52,788		(52,236	)		227,741

Total liabilities		1,949,006		358,867		77,932		(52,236	)		2,333,569

Stockholders’ equity		966,891		2,784,511		16,471		(2,800,982	)		966,891

Total liabilities and stockholders’ equity	$	2,915,897	$	3,143,378	$	94,403	$	(2,853,218	)	$	3,300,460

Condensed Consolidating Statements of Income and Comprehensive Income

Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended March 31, 2016

(unaudited, in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	327,578		$	11,835		$	(880	)	$	338,533
Direct advertising expenses ⁽¹⁾		—			121,889			7,396			(560	)		128,725
General and administrative expenses ⁽¹⁾		—			63,999			2,791			—			66,790
Corporate expenses ⁽¹⁾		—			15,648			285			—			15,933
Depreciation and amortization		—			49,689			1,800			—			51,489
Gain on disposition of assets		—			(11,560	)		233			—			(11,327	)

Operating income (loss)		—			87,913			(670	)		(320	)		86,923

Equity in (earnings) loss of subsidiaries		(84,610	)		—			—			84,610			—
Interest expense (income), net		30,061			(1	)		327			(320	)		30,067
Other expenses		3,142			—			—			—			3,142

Income before income tax expense		51,407			87,914			(997	)		(84,610	)		53,714
Income tax expense ⁽²⁾		—			1,926			381			—			2,307

Net income (loss)	$	51,407		$	85,988		$	(1,378	)	$	(84,610	)	$	51,407

Statement of Comprehensive Income
Net income (loss)	$	51,407		$	85,988		$	(1,378	)	$	(84,610	)	$	51,407
Total other comprehensive income, net of tax		—			—			1,468			—			1,468

Total comprehensive income (loss)	$	51,407		$	85,988		$	90		$	(84,610	)	$	52,875

⁽¹⁾

Caption is exclusive of depreciation and amortization.

⁽²⁾

The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Income and Comprehensive Income for the Three Months Ended March 31, 2015

(unaudited, in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Income
Net revenues	$	—		$	292,582		$	10,541		$	(646	)	$	302,477
Direct advertising expenses ⁽¹⁾		—			107,282			6,343			(393	)		113,232
General and administrative expenses ⁽¹⁾		—			57,162			2,044			—			59,206
Corporate expenses ⁽¹⁾		—			15,038			265			—			15,303
Depreciation and amortization		—			47,274			1,956			—			49,230
Gain on disposition of assets		—			(1,836	)		—			—			(1,836	)

Operating income (loss)		—			67,662			(67	)		(253	)		67,342

Equity in (earnings) loss of subsidiaries		(65,334	)		—			—			65,334			—
Interest expense (income), net		24,530			(2	)		255			(253	)		24,530

Income before income tax expense		40,804			67,664			(322	)		(65,334	)		42,812
Income tax expense (benefit) ⁽²⁾		—			2,019			(11	)		—			2,008

Net income (loss)	$	40,804		$	65,645		$	(311	)	$	(65,334	)	$	40,804

Statement of Comprehensive Income
Net income (loss)	$	40,804		$	65,645		$	(311	)	$	(65,334	)	$	40,804
Total other comprehensive loss, net of tax		—			—			(1,610	)		—			(1,610	)

Total comprehensive income (loss)	$	40,804		$	65,645		$	(1,921	)	$	(65,334	)	$	39,194

⁽¹⁾

Caption is exclusive of depreciation and amortization.

⁽²⁾

The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2015

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Operations
Net revenues	$	—		$	1,302,770		$	54,045		$	(3,419	)	$	1,353,396
Direct advertising expenses ⁽¹⁾		—			446,765			29,325			(2,330	)		473,760
General and administrative expenses ⁽¹⁾		—			231,914			10,268			—			242,182
Corporate expenses ⁽¹⁾		—			69,721			1,705			—			71,426
Depreciation and amortization		—			183,757			7,676			—			191,433
Gain on disposition of assets		—			(8,765	)		—			—			(8,765	)

Operating income (loss)		—			379,378			5,071			(1,089	)		383,360

Equity in (earnings) loss of subsidiaries		(361,330	)		—			—			361,330			—
Interest expense (income), net		98,427			(33	)		1,094			(1,089	)		98,399

Income before income tax expense		262,903			379,411			3,977			(361,330	)		284,961
Income tax expense ⁽²⁾		—			8,256			13,802			—			22,058

Net income (loss)	$	262,903		$	371,155		$	(9,825	)	$	(361,330	)	$	262,903

Statement of Comprehensive Income
Net income (loss)	$	262,903		$	371,155		$	(9,825	)	$	(361,330	)	$	262,903
Total other comprehensive loss, net of tax		—			—			(3,632	)		—			(3,632	)

Total comprehensive income (loss)	$	262,903		$	371,155		$	(13,457	)	$	(361,330	)	$	259,271

⁽¹⁾

Caption is exclusive of depreciation and amortization.

⁽²⁾

The income tax expense reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2014

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Operations
Net revenues	$	—		$	1,240,324		$	51,070		$	(4,334	)	$	1,287,060
Direct advertising expenses ⁽¹⁾		—			427,945			27,570			(2,246	)		453,269
General and administrative expenses ⁽¹⁾		—			220,497			10,303			—			230,800
Corporate expenses ⁽¹⁾		—			67,154			1,579			—			68,733
Depreciation and amortization		—			249,655			8,780			—			258,435
Gain on disposition of assets		—			(3,192	)		—			—			(3,192	)

Operating income (loss)		—			278,265			2,838			(2,088	)		279,015

Equity in (earnings) loss of subsidiaries		(454,138	)		—			—			454,138			—
Interest expense (income), net		105,234			(101	)		2,107			(2,088	)		105,152
Other expenses (income)		61,869			—			(31,777	)		—			30,092

Income before income tax expense (benefit)		287,035			278,366			32,508			(454,138	)		143,771
Income tax expense (benefit) ⁽²⁾		—			(143,743	)		479			—			(143,264	)

Net income (loss)	$	287,035		$	422,109		$	32,029		$	(454,138	)	$	287,035

Statement of Comprehensive Income
Net income (loss)	$	287,035		$	422,109		$	32,029		$	(454,138	)	$	287,035
Total other comprehensive loss, net of tax		—			—			(1,413	)		—			(1,413	)

Total comprehensive income (loss)	$	287,035		$	422,109		$	30,616		$	(454,138	)	$	285,622

⁽¹⁾

Caption is exclusive of depreciation and amortization.

⁽²⁾

The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statements of Operations and Comprehensive Income for the Year Ended December 31, 2013

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Statement of Operations
Net revenues	$	—		$	1,196,817		$	52,875		$	(3,850	)	$	1,245,842
Direct advertising expenses ⁽¹⁾		—			411,248			27,594			(1,998	)		436,844
General and administrative expenses ⁽¹⁾		—			221,369			10,205			—			231,574
Corporate expenses ⁽¹⁾		—			54,737			2,140			—			56,877
Depreciation and amortization		—			292,575			8,004			—			300,579
Gain on disposition of assets		—			(3,804	)		—			—			(3,804	)

Operating income (loss)		—			220,692			4,932			(1,852	)		223,772

Equity in (earnings) loss of subsidiaries		(144,280	)		—			—			144,280			—
Interest expense (income), net		145,566			(165	)		2,563			(1,852	)		146,112
Other expenses		14,345			—			—			—			14,345

Income before income tax expense (benefit)		(15,631	)		220,857			2,369			(144,280	)		63,315
Income tax expense (benefit) ⁽²⁾		(55,969	)		81,522			(2,576	)		—			22,977

Net income (loss)	$	40,338		$	139,335		$	4,945		$	(144,280	)	$	40,338

Statement of Comprehensive Income
Net income (loss)	$	40,338		$	139,335		$	4,945		$	(144,280	)	$	40,338
Total other comprehensive loss, net of tax		—			—			(2,111	)		—			(2,111	)

Total comprehensive income (loss)	$	40,338		$	139,335		$	2,834		$	(144,280	)	$	38,227

⁽¹⁾

Caption is exclusive of depreciation and amortization.

⁽²⁾

The income tax expense (benefit) reflected in each column does not include any tax effect of the equity in earnings from subsidiaries.

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2016

(unaudited, in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	20,748		$	69,183		$	(2,771	)	$	(53,975	)	$	33,185

Cash flows from investing activities:
Acquisitions		—			(502,138	)		—			—			(502,138	)
Capital expenditures		—			(20,123	)		(496	)		—			(20,619	)
Proceeds from disposition of assets and investments		—			5,196			—			—			5,196
Investment in subsidiaries		(502,138	)		—			—			502,138			—
(Increase) decrease in intercompany notes receivable		(2,946	)		—			—			2,946			—
Decrease in notes receivable		8			—			—			—			8

Net cash used in investing activities		(505,076	)		(517,065	)		(496	)		505,084			(517,553	)

Cash flows from financing activities:
Proceeds received from revolving credit facility		280,000			—			—			—			280,000
Payment on revolving credit facility		(125,000	)		—			—			—			(125,000	)
Principal payments on long-term debt		(3,755	)		—			—			—			(3,755	)
Proceeds received from senior credit facility		300,000			—			—			—			300,000
Debt issuance costs		(9,017	)		—			—			—			(9,017	)
Proceeds received from note offering		400,000			—			—			—			400,000
Payment on senior credit facility		(300,000	)		—			—			—			(300,000	)
Intercompany loan proceeds		—			—			2,946			(2,946	)		—
Distributions to non-controlling interest		—			—			(105	)		—			(105	)
Dividends to parent		(78,938	)		(53,975	)		—			53,975			(78,938	)
Contributions from (to) parent		26,170			502,138			—			(502,138	)		26,170

Net cash provided by financing activities		489,460			448,163			2,841			(451,109	)		489,355

Effect of exchange rate changes in cash and cash equivalents		—			—			1,106			—			1,106

Net increase (decrease) in cash and cash equivalents		5,132			281			680			—			6,093
Cash and cash equivalents at beginning of period		4,955			454			16,418			—			21,827

Cash and cash equivalents at end of period	$	10,087		$	735		$	17,098		$	—		$	27,920

Condensed Consolidating Statement of Cash Flows for the Three Months Ended March 31, 2015 (unaudited, in thousands)
	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	14,745		$	68,783		$	(481	)	$	(44,906	)	$	38,141

Cash flows from investing activities:
Acquisitions		—			(19,647	)		—			—			(19,647	)
Capital expenditures		—			(28,066	)		(975	)		—			(29,041	)
Proceeds from disposition of assets and investments		—			4,414			—			—			4,414
Investment in subsidiaries		(19,647	)		—			—			19,647			—
(Increase) decrease in intercompany notes receivable		(970	)		—			—			970			—
(Increase) decrease in notes receivable		(7	)		11			—			—			4

Net cash used in investing activities		(20,624	)		(43,288	)		(975	)		20,617			(44,270	)

Cash flows from financing activities:
Proceeds received from revolving credit facility		92,000			—			—			—			92,000
Payment on revolving credit facility		(35,000	)		—			—			—			(35,000	)
Principal payments on long-term debt		(3,755	)		—			—			—			(3,755	)
Intercompany loan proceeds		—			—			970			(970	)		—
Distributions to non-controlling interest		—			—			(180	)		—			(180	)
Dividends to parent		(71,322	)		(44,906	)		—			44,906			(71,322	)
Contributions from (to) parent		32,028			19,647			—			(19,647	)		32,028

Net cash provided by (used in) financing activities		13,951			(25,259	)		790			24,289			13,771

Effect of exchange rate changes in cash and cash equivalents		—			—			(1,131	)		—			(1,131	)

Net increase (decrease) in cash and cash equivalents		8,072			236			(1,797	)		—			6,511
Cash and cash equivalents at beginning of period		10,689			480			14,366			—			25,535

Cash and cash equivalents at end of period	$	18,761		$	716		$	12,569		$	—		$	32,046

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2015

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	348,116		$	537,763		$	9,434		$	(441,892	)	$	453,421

Cash flows from investing activities:
Acquisitions		—			(145,865	)		(8,012	)		—			(153,877	)
Capital expenditures		—			(106,126	)		(4,299	)		—			(110,425	)
Proceeds from disposition of assets and investments		—			10,429			—			—			10,429
Investment in subsidiaries		(153,877	)		—			—			153,877			—
(Increase) decrease in intercompany notes receivable		(717	)		—			—			717			—
Decrease (increase) in notes receivable		193			(200	)		—			—			(7	)

Net cash used in investing activities		(154,401	)		(241,762	)		(12,311	)		154,594			(253,880	)

Cash flows from financing activities:
Proceeds received from revolving credit facility		317,000			—			—			—			317,000
Payment on revolving credit facility		(282,000	)		—			—			—			(282,000	)
Principal payments on long-term debt		(15,468	)		—			—			—			(15,468	)
Intercompany loan proceeds		—			—			717			(717	)		—
Distributions to non-controlling interest		—			—			(1,130	)		—			(1,130	)
Dividends to parent		(271,244	)		(441,892	)		—			441,892			(271,244	)
Contributions from (to) parent		52,263			145,865			8,012			(153,877	)		52,263

Net cash (used in) provided by financing activities		(199,449	)		(296,027	)		7,599			287,298			(200,579	)

Effect of exchange rate changes in cash and cash equivalents		—			—			(2,670	)		—			(2,670	)

Net increase (decrease) in cash and cash equivalents		(5,734	)		(26	)		2,052			—			(3,708	)
Cash and cash equivalents at beginning of period		10,689			480			14,366			—			25,535

Cash and cash equivalents at end of period	$	4,955		$	454		$	16,418		$	—		$	21,827

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2014

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	335,043		$	526,987		$	5,214		$	(432,664	)	$	434,580

Cash flows from investing activities:
Acquisitions		—			(65,021	)		—			—			(65,021	)
Capital expenditures		—			(104,976	)		(2,597	)		—			(107,573	)
Proceeds from disposition of assets and investments		—			4,135			—			—			4,135
Investment in subsidiaries		(65,021	)		—			—			65,021			—
(Increase) decrease in intercompany notes receivable		(17,034	)		—			—			17,034			—
Decrease (increase) in notes receivable		10			4,452			—			—			4,462

Net cash used in investing activities		(82,045	)		(161,410	)		(2,597	)		82,055			(163,997	)

Cash flows from financing activities:
Proceeds received from revolving credit facility		325,000			—			—			—			325,000
Payment on revolving credit facility		(410,000	)		—			—			—			(410,000	)
Principal payments on long-term debt		(11,750	)		—			—			—			(11,750	)
Proceeds received from senior credit facility		300,000			—			—			—			300,000
Debt issuance costs		(17,442	)		—			—			—			(17,442	)
Proceeds received from note offering		510,000			—			—			—			510,000
Payment on senior subordinated notes		(415,752	)		—			—			—			(415,752	)
Payment on senior credit facility		(328,856	)		—			(23,250	)		—			(352,106	)
Intercompany loan proceeds		—			—			17,034			(17,034	)		—
Distributions to non-controlling interest		—			—			(1,094	)		—			(1,094	)
Dividends to parent		(241,422	)		(432,664	)		—			432,664			(241,422	)
Contributions from (to) parent		38,201			65,021			—			(65,021	)		38,201

Net cash used in financing activities		(252,021	)		(367,643	)		(7,310	)		350,609			(276,365	)

Effect of exchange rate changes in cash and cash equivalents		—			—			(1,395	)		—			(1,395	)

Net increase (decrease) in cash and cash equivalents		977			(2,066	)		(6,088	)		—			(7,177	)
Cash and cash equivalents at beginning of period		9,712			2,546			20,454			—			32,712

Cash and cash equivalents at end of period	$	10,689		$	480		$	14,366		$	—		$	25,535

Condensed Consolidating Statement of Cash Flows for the Year Ended December 31, 2013

(in thousands)


	Lamar Media Corp.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Lamar Media Consolidated
Cash flows from operating activities:
Net cash provided by (used in) operating activities	$	278,359		$	476,822		$	3,547		$	(381,353	)	$	377,375

Cash flows from investing activities:
Acquisitions		—			(92,248	)		—			—			(92,248	)
Capital expenditures		—			(101,242	)		(4,408	)		—			(105,650	)
Proceeds from disposition of assets and investments		—			6,869			—			—			6,869
Investment in subsidiaries		(92,248	)		—			—			92,248			—
(Increase) decrease in intercompany notes receivable		(8,264	)		—			—			8,264			—
(Increase) decrease in notes receivable		(126	)		(714	)		—			—			(840	)

Net cash used in investing activities		(100,638	)		(187,335	)		(4,408	)		100,512			(191,869	)

Cash flows from financing activities:
Proceeds received from revolving credit facility		184,000			—			—			—			184,000
Payment on revolving credit facility		(34,000	)		—			—			—			(34,000	)
Principal payments on long-term debt		(30,051	)		—			(3,000	)		—			(33,051	)
Debt issuance costs		(89	)		—			—			—			(89	)
Payment on senior subordinated notes		(360,383	)		—			—			—			(360,383	)
Intercompany loan proceeds		—			—			8,264			(8,264	)		—
Dividends to parent		(4,200	)		(381,353	)		—			381,353			(4,200	)
Contributions from (to) parent		37,858			92,248			—			(92,248	)		37,858

Net cash (used in) provided by financing activities		(206,865	)		(289,105	)		5,264			280,841			(209,865	)

Effect of exchange rate changes in cash and cash equivalents		—			—			(1,340	)		—			(1,340	)

Net increase (decrease) in cash and cash equivalents		(29,144	)		382			3,063			—			(25,699	)
Cash and cash equivalents at beginning of period		38,856			2,164			17,391			—			58,411

Cash and cash equivalents at end of period	$	9,712		$	2,546		$	20,454		$	—		$	32,712