Condensed Statement of Operations based on the Company's understanding of the SEC's Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Three Months Ended December 29, 2012 (in
thousands) (unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
96,003 |
|
|
$ |
209,045 |
|
|
$ |
(12,551 |
) |
|
$ |
292,497 |
|
Cost of products sold and occupancy
|
|
|
74,843 |
|
|
|
153,246 |
|
|
|
(12,551 |
) |
|
|
215,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
21,160 |
|
|
|
55,799 |
|
|
|
0 |
|
|
|
76,959 |
|
Selling, general and administrative expenses
|
|
|
28,519 |
|
|
|
61,534 |
|
|
|
0 |
|
|
|
90,053 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
(7,359 |
) |
|
|
(5,735 |
) |
|
|
0 |
|
|
|
(13,094 |
) |
Interest – net
|
|
|
(10,299 |
) |
|
|
49 |
|
|
|
0 |
|
|
|
(10,250 |
) |
Other income (loss )
|
|
|
248 |
|
|
|
(1,229 |
) |
|
|
0 |
|
|
|
(981 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes
|
|
|
(17,410 |
) |
|
|
(6,915 |
) |
|
|
0 |
|
|
|
(24,325 |
) |
Income tax benefit
|
|
|
(6,383 |
) |
|
|
(2,595 |
) |
|
|
0 |
|
|
|
(8,978 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss including noncontrolling interest
|
|
|
(11,027 |
) |
|
|
(4,320 |
) |
|
|
|
|
|
|
(15,347 |
) |
Loss attributable to noncontrolling interest
|
|
|
(78 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(78 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss attributable to Central Garden & Pet Company before equity in undistributed income of guarantor
subsidiaries
|
|
|
(10,949 |
) |
|
|
(4,320 |
) |
|
|
0 |
|
|
|
(15,269 |
) |
Equity in undistributed income of guarantor subsidiaries
|
|
|
(4,320 |
) |
|
|
0 |
|
|
|
4,320 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to Central Garden & Pet Co.
|
|
$ |
(15,269 |
) |
|
$ |
(4,320 |
) |
|
$ |
4,320 |
|
|
$ |
(15,269 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF OPERATIONS
Three Months Ended December 24, 2011 (in
thousands) (unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries
|
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
101,913 |
|
|
$ |
214,424 |
|
|
$ |
(14,271 |
) |
|
$ |
302,066 |
|
Cost of products sold and occupancy
|
|
|
78,735 |
|
|
|
156,864 |
|
|
|
(14,271 |
) |
|
|
221,328 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
23,178 |
|
|
|
57,560 |
|
|
|
0 |
|
|
|
80,738 |
|
Selling, general and administrative expenses
|
|
|
29,201 |
|
|
|
62,817 |
|
|
|
0 |
|
|
|
92,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from operations
|
|
|
(6,023 |
) |
|
|
(5,257 |
) |
|
|
0 |
|
|
|
(11,280 |
) |
Interest – net
|
|
|
(9,602 |
) |
|
|
83 |
|
|
|
0 |
|
|
|
(9,519 |
) |
Other income (loss )
|
|
|
709 |
|
|
|
(823 |
) |
|
|
0 |
|
|
|
(114 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes
|
|
|
(14,916 |
) |
|
|
(5,997 |
) |
|
|
0 |
|
|
|
(20,913 |
) |
Income tax benefit
|
|
|
(5,444 |
) |
|
|
(2,202 |
) |
|
|
0 |
|
|
|
(7,646 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss including noncontrolling interest
|
|
|
(9,472 |
) |
|
|
(3,795 |
) |
|
|
|
|
|
|
(13,267 |
) |
Loss attributable to noncontrolling interest
|
|
|
(177 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(177 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss attributable to Central Garden & Pet Company before equity in undistributed income of guarantor
subsidiaries
|
|
|
(9,295 |
) |
|
|
(3,795 |
) |
|
|
0 |
|
|
|
(13,090 |
) |
Equity in undistributed income of guarantor subsidiaries
|
|
|
(3,795 |
) |
|
|
0 |
|
|
|
3,795 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss attributable to Central Garden & Pet Co.
|
|
$ |
(13,090 |
) |
|
$ |
(3,795 |
) |
|
$ |
3,795 |
|
|
$ |
(13,090 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Balance Sheet based on the Company's understanding of the SEC Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET
December 29, 2012 (in thousands) (unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
7,925 |
|
|
$ |
4,666 |
|
|
$ |
0 |
|
|
$ |
12,591 |
|
Short term investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Accounts receivable, net
|
|
|
44,084 |
|
|
|
112,486 |
|
|
|
(5,803 |
) |
|
|
150,767 |
|
Inventories
|
|
|
129,785 |
|
|
|
267,940 |
|
|
|
0 |
|
|
|
397,725 |
|
Prepaid expenses and other assets
|
|
|
38,498 |
|
|
|
28,131 |
|
|
|
0 |
|
|
|
66,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
238,112 |
|
|
|
413,223 |
|
|
|
(5,803 |
) |
|
|
645,532 |
|
Land, buildings, improvements and equipment, net
|
|
|
82,899 |
|
|
|
109,587 |
|
|
|
0 |
|
|
|
192,486 |
|
Goodwill
|
|
|
|
|
|
|
210,223 |
|
|
|
0 |
|
|
|
210,223 |
|
Investment in guarantors
|
|
|
666,645 |
|
|
|
0 |
|
|
|
(666,645 |
) |
|
|
0 |
|
Deferred income taxes and other assets
|
|
|
54,445 |
|
|
|
43,386 |
|
|
|
0 |
|
|
|
97,831 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,042,101 |
|
|
$ |
776,419 |
|
|
$ |
(672,448 |
) |
|
$ |
1,146,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
65,042 |
|
|
$ |
71,245 |
|
|
$ |
(5,803 |
) |
|
$ |
130,484 |
|
Accrued expenses and other current liabilities
|
|
|
47,186 |
|
|
|
36,703 |
|
|
|
0 |
|
|
|
83,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
112,228 |
|
|
|
107,948 |
|
|
|
(5,803 |
) |
|
|
214,373 |
|
Long-term debt
|
|
|
450,374 |
|
|
|
72 |
|
|
|
0 |
|
|
|
450,446 |
|
Other long-term obligations
|
|
|
29,214 |
|
|
|
1,754 |
|
|
|
0 |
|
|
|
30,968 |
|
Shareholders’ equity attributable to Central Garden & Pet Co.
|
|
|
450,046 |
|
|
|
666,645 |
|
|
|
(666,645 |
) |
|
|
450,046 |
|
Noncontrolling interest
|
|
|
239 |
|
|
|
0 |
|
|
|
0 |
|
|
|
239 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
450,285 |
|
|
|
666,645 |
|
|
|
(666,645 |
) |
|
|
450,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,042,101 |
|
|
$ |
776,419 |
|
|
$ |
(672,448 |
) |
|
$ |
1,146,072 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET
September 29, 2012 (in thousands)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
Cash and cash equivalents
|
|
$ |
44,662 |
|
|
$ |
3,813 |
|
|
$ |
0 |
|
|
$ |
48,475 |
|
Short term investments
|
|
|
22,705 |
|
|
|
0 |
|
|
|
0 |
|
|
|
22,705 |
|
Accounts receivable, net
|
|
|
48,339 |
|
|
|
159,328 |
|
|
|
(5,245 |
) |
|
|
202,422 |
|
Inventories
|
|
|
97,017 |
|
|
|
233,015 |
|
|
|
0 |
|
|
|
330,032 |
|
Prepaid expenses and other assets
|
|
|
25,242 |
|
|
|
22,907 |
|
|
|
0 |
|
|
|
48,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
237,965 |
|
|
|
419,063 |
|
|
|
(5,245 |
) |
|
|
651,783 |
|
Land, buildings, improvements and equipment, net
|
|
|
81,727 |
|
|
|
109,436 |
|
|
|
0 |
|
|
|
191,163 |
|
Goodwill
|
|
|
0 |
|
|
|
210,223 |
|
|
|
0 |
|
|
|
210,223 |
|
Investment in guarantors
|
|
|
654,362 |
|
|
|
0 |
|
|
|
(654,362 |
) |
|
|
0 |
|
Other assets
|
|
|
54,910 |
|
|
|
41,468 |
|
|
|
0 |
|
|
|
96,378 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,028,964 |
|
|
$ |
780,190 |
|
|
$ |
(659,607 |
) |
|
$ |
1,149,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
49,894 |
|
|
$ |
82,013 |
|
|
$ |
(5,245 |
) |
|
$ |
126,662 |
|
Accrued expenses and other liabilities
|
|
|
38,673 |
|
|
|
41,149 |
|
|
|
0 |
|
|
|
79,822 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
88,567 |
|
|
|
123,162 |
|
|
|
(5,245 |
) |
|
|
206,484 |
|
Long-term debt
|
|
|
449,387 |
|
|
|
96 |
|
|
|
0 |
|
|
|
449,483 |
|
Other long-term obligations
|
|
|
26,127 |
|
|
|
2,570 |
|
|
|
0 |
|
|
|
28,697 |
|
Shareholders’ equity attributable to Central Garden & Pet
|
|
|
463,937 |
|
|
|
654,362 |
|
|
|
(654,362 |
) |
|
|
463,937 |
|
Noncontrolling interest
|
|
|
946 |
|
|
|
0 |
|
|
|
0 |
|
|
|
946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
464,883 |
|
|
|
654,362 |
|
|
|
(654,362 |
) |
|
|
464,883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,028,964 |
|
|
$ |
780,190 |
|
|
$ |
(659,607 |
) |
|
$ |
1,149,547 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED BALANCE SHEET
December 24, 2011 (in thousands) (unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$ |
7,730 |
|
|
$ |
2,559 |
|
|
$ |
0 |
|
|
$ |
10,289 |
|
Short term investments
|
|
|
17,820 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17,820 |
|
Accounts receivable, net
|
|
|
45,519 |
|
|
|
98,548 |
|
|
|
(4,813 |
) |
|
|
139,254 |
|
Inventories
|
|
|
124,538 |
|
|
|
241,205 |
|
|
|
0 |
|
|
|
365,743 |
|
Prepaid expenses and other assets
|
|
|
35,823 |
|
|
|
26,791 |
|
|
|
0 |
|
|
|
62,614 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets
|
|
|
231,430 |
|
|
|
369,103 |
|
|
|
(4,813 |
) |
|
|
595,720 |
|
Land, buildings, improvements and equipment, net
|
|
|
75,071 |
|
|
|
105,330 |
|
|
|
0 |
|
|
|
180,401 |
|
Goodwill
|
|
|
0 |
|
|
|
210,223 |
|
|
|
0 |
|
|
|
210,223 |
|
Investment in guarantors
|
|
|
633,623 |
|
|
|
0 |
|
|
|
(633,623 |
) |
|
|
0 |
|
Other assets
|
|
|
43,770 |
|
|
|
58,155 |
|
|
|
0 |
|
|
|
101,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
983,894 |
|
|
$ |
742,811 |
|
|
$ |
(638,436 |
) |
|
$ |
1,088,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts payable
|
|
$ |
45,011 |
|
|
$ |
81,811 |
|
|
$ |
(4,813 |
) |
|
$ |
122,009 |
|
Accrued expenses and other liabilities
|
|
|
41,605 |
|
|
|
25,585 |
|
|
|
0 |
|
|
|
67,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities
|
|
|
86,616 |
|
|
|
107,396 |
|
|
|
(4,813 |
) |
|
|
189,199 |
|
Long-term debt
|
|
|
460,226 |
|
|
|
120 |
|
|
|
0 |
|
|
|
460,346 |
|
Other long-term obligations
|
|
|
12,581 |
|
|
|
1,672 |
|
|
|
0 |
|
|
|
14,253 |
|
Shareholders’ equity attributable to Central Garden & Pet
|
|
|
424,643 |
|
|
|
633,623 |
|
|
|
(633,623 |
) |
|
|
424,643 |
|
Noncontrolling interest
|
|
|
(172 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(172 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity
|
|
|
424,471 |
|
|
|
633,623 |
|
|
|
(633,623 |
) |
|
|
424,471 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
983,894 |
|
|
$ |
742,811 |
|
|
$ |
(638,436 |
) |
|
$ |
1,088,269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Condensed Cash Flows Statement on the Company's understanding of the SEC Interpretation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Three Months Ended December 29, 2012
( in thousands)
(unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided (used) by operating activities
|
|
$ |
(25,358 |
) |
|
$ |
(7,003 |
) |
|
$ |
4,320 |
|
|
$ |
(28,041 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property and equipment
|
|
|
(4,142 |
) |
|
|
(3,883 |
) |
|
|
0 |
|
|
|
(8,025 |
) |
Proceeds from short term investments
|
|
|
4,885 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,885 |
|
Payment to acquire companies
|
|
|
0 |
|
|
|
(4,835 |
) |
|
|
0 |
|
|
|
(4,835 |
) |
Investment in guarantor subsidiaries
|
|
|
(12,283 |
) |
|
|
16,603 |
|
|
|
(4,320 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by investing activities
|
|
|
(11,540 |
) |
|
|
7,885 |
|
|
|
(4,320 |
) |
|
|
(7,975 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of long-term debt
|
|
|
(55 |
) |
|
|
(29 |
) |
|
|
0 |
|
|
|
(84 |
) |
Borrowings under revolving line of credit
|
|
|
4,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
4,000 |
|
Repayments under revolving line of credit
|
|
|
(3,000 |
) |
|
|
|
|
|
|
0 |
|
|
|
(3,000 |
) |
Repurchase of common stock
|
|
|
(327 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(327 |
) |
Proceeds from issuance of common stock
|
|
|
97 |
|
|
|
0 |
|
|
|
0 |
|
|
|
97 |
|
Distribution to minority interest
|
|
|
(629 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(629 |
) |
Excess tax benefits from stock-based awards
|
|
|
74 |
|
|
|
0 |
|
|
|
0 |
|
|
|
74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by financing activities
|
|
|
160 |
|
|
|
(29 |
) |
|
|
0 |
|
|
|
131 |
|
Effect of exchange rate changes on cash
|
|
|
1 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
(36,737 |
) |
|
|
853 |
|
|
|
0 |
|
|
|
(35,884 |
) |
Cash and cash equivalents at beginning of period
|
|
|
44,662 |
|
|
|
3,813 |
|
|
|
0 |
|
|
|
48,475 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$ |
7,925 |
|
|
$ |
4,666 |
|
|
$ |
0 |
|
|
$ |
12,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATING CONDENSED STATEMENT OF CASH FLOWS
Three Months Ended December 24, 2011
( in thousands)
(unaudited)
|
|
|
|
Parent |
|
|
Guarantor Subsidiaries |
|
|
Eliminations |
|
|
Consolidated |
|
Net cash provided (used) by operating activities
|
|
$ |
(16,257 |
) |
|
$ |
15,941 |
|
|
$ |
3,795 |
|
|
$ |
3,479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additions to property and equipment
|
|
|
(4,665 |
) |
|
|
(4,520 |
) |
|
|
0 |
|
|
|
(9,185 |
) |
Investment in guarantor subsidiaries
|
|
|
14,003 |
|
|
|
(10,208 |
) |
|
|
(3,795 |
) |
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided (used) by investing activities
|
|
|
9,338 |
|
|
|
(14,728 |
) |
|
|
(3,795 |
) |
|
|
(9,185 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayments of long-term debt
|
|
|
(59 |
) |
|
|
(32 |
) |
|
|
0 |
|
|
|
(91 |
) |
Borrowings under revolving line of credit
|
|
|
117,000 |
|
|
|
0 |
|
|
|
0 |
|
|
|
117,000 |
|
Repayments under revolving line of credit
|
|
|
(92,000 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(92,000 |
) |
Repurchase of common stock
|
|
|
(21,266 |
) |
|
|
0 |
|
|
|
0 |
|
|
|
(21,266 |
) |
Proceeds from issuance of common stock
|
|
|
192 |
|
|
|
0 |
|
|
|
0 |
|
|
|
192 |
|
Excess tax benefits from stock-based awards
|
|
|
74 |
|
|
|
0 |
|
|
|
0 |
|
|
|
74 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used by financing activities
|
|
|
3,941 |
|
|
|
(32 |
) |
|
|
0 |
|
|
|
3,909 |
|
Effect of exchange rate changes on cash
|
|
|
75 |
|
|
|
(20 |
) |
|
|
0 |
|
|
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
(2,903 |
) |
|
|
1,161 |
|
|
|
0 |
|
|
|
(1,742 |
) |
Cash and cash equivalents at beginning of period
|
|
|
10,633 |
|
|
|
1,398 |
|
|
|
0 |
|
|
|
12,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of period
|
|
$ |
7,730 |
|
|
$ |
2,559 |
|
|
$ |
0 |
|
|
$ |
10,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|