Condensed Consolidating Financial Information

12 Months Ended

Oct. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Consolidating Financial Information

Condensed Consolidating Financial Information

In July 2013, the Company issued $225 million aggregate principal amount of its 2020 Notes. These notes were issued in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). They were offered within the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act, and outside of the United States only to non-U.S. investors in accordance with Regulation S under the Securities Act. In November, 2013, these notes were exchanged for publicly registered notes with identical terms. Obligations under the Company’s 2020 Notes are fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by certain of its 100% owned domestic subsidiaries.

The Company presents condensed consolidating financial information for Quiksilver, Inc. and its domestic subsidiaries within the notes to the consolidated financial statements in accordance with the criteria established for parent companies in the SEC’s Regulation S-X, Rule 3-10(f). The following condensed consolidating financial information presents the results of operations, financial position and cash flows of Quiksilver, Inc., QS Wholesale, Inc., the 100% owned guarantor subsidiaries, the non-guarantor subsidiaries and the eliminations necessary to arrive at the information for the Company on a consolidated basis as of October 31, 2014 and October 31, 2013 and for each of fiscal 2014, 2013 and 2012. The principal elimination entries eliminate investments in subsidiaries and intercompany balances and transactions.

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	465		$	339,886		$	361,715		$	1,026,090		$	(157,757	)	$	1,570,399
Cost of goods sold	193			213,824			257,752			487,316			(151,527		)	807,558
Gross profit	272			126,062			103,963			538,774			(6,230		)	762,841
Selling, general and administrative expense	36,514			113,530			160,695			522,649			(6,207		)	827,181
Asset impairments	2,043			40,430			4,267			142,391			—			189,131
Operating loss	(38,285		)	(27,898		)	(60,999		)	(126,266		)	(23		)	(253,471		)
Interest expense, net	46,464			2,917			(5		)	26,615			—			75,991
Foreign currency (gain)/(loss)	(216		)	(269		)	66			3,077			—			2,658
Equity in earnings	224,726			4,509			—			—			(229,235		)	—
Loss before provision/(benefit) for income taxes	(309,259		)	(35,055		)	(61,060		)	(155,958		)	229,212			(332,120		)
Provision/(benefit) for income taxes	119			584			(17,531		)	12,503			—			(4,325		)
Loss from continuing operations	(309,378		)	(35,639		)	(43,529		)	(168,461		)	229,212			(327,795		)
Income/(loss) from discontinued operations	—			—			29,244			(21,595		)	—			7,649
Net loss	(309,378		)	(35,639		)	(14,285		)	(190,056		)	229,212			(320,146		)
Net loss attributable to non-controlling interest	—			—			—			10,769			—			10,769
Net loss attributable to Quiksilver, Inc.	(309,378		)	(35,639		)	(14,285		)	(179,287		)	229,212			(309,377		)
Other comprehensive loss	(16,620		)	—			—			(16,620		)	16,620			(16,620		)
Comprehensive loss attributable to Quiksilver, Inc.	$	(325,998	)	$	(35,639	)	$	(14,285	)	$	(195,907	)	$	245,832		$	(325,997	)

Condensed Consolidating Statement of Operations

Year Ended October 31, 2013

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	464		$	422,210		$	472,864		$	1,158,281		$	(243,249	)	$	1,810,570
Cost of goods sold	—			252,103			330,655			548,582			(193,201		)	938,139
Gross profit	464			170,107			142,209			609,699			(50,048		)	872,431
Selling, general and administrative expense	54,002			131,560			137,148			559,152			(24,305		)	857,557
Asset impairments	—			1,646			5,939			4,742			—			12,327
Operating (loss)/income	(53,538		)	36,901			(878		)	45,805			(25,743		)	2,547
Interest expense, net	39,487			4,359			1			27,202			—			71,049
Foreign currency (gain)/loss	318			56			(4		)	4,319			—			4,689
Equity in earnings	138,111			2,739			—			—			(140,850		)	—
(Loss)/income before provision/(benefit) for income taxes	(231,454		)	29,747			(875		)	14,284			115,107			(73,191		)
Provision/(benefit) for income taxes	422			(665		)	(3,488		)	169,951			—			166,220
(Loss)/income from continuing operations	(231,876		)	30,412			2,613			(155,667		)	115,107			(239,411		)
Income from discontinued operations	(689		)	—			5,211			1,353			11			5,886
Net (loss)/income	(232,565		)	30,412			7,824			(154,314		)	115,118			(233,525		)
Net income attributable to non-controlling interest	—			—			—			960			—			960
Net (loss)/income attributable to Quiksilver, Inc.	(232,565		)	30,412			7,824			(153,354		)	115,118			(232,565		)
Other comprehensive loss	(12,494		)	—			—			(12,494		)	12,494			(12,494		)
Comprehensive (loss)/income attributable to Quiksilver, Inc.	$	(245,059	)	$	30,412		$	7,824		$	(165,848	)	$	127,612		$	(245,059	)

Condensed Consolidating Statement of Operations

Year Ended October 31, 2012

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Revenues, net	$	469		$	453,532		$	537,295		$	1,222,273		$	(271,720	)	$	1,941,849
Cost of goods sold	—			275,179			358,290			579,152			(212,091		)	1,000,530
Gross profit	469			178,353			179,005			643,121			(59,629		)	941,319
Selling, general and administrative expense	56,983			147,684			151,230			562,946			(30,593		)	888,250
Asset impairments	—			11			5,151			2,072			—			7,234
Operating (loss)/income	(56,514		)	30,658			22,624			78,103			(29,036		)	45,835
Interest expense, net	28,987			5,352			1			26,545			—			60,885
Foreign currency loss/(gain)	(173		)	(148		)	96			(1,484		)	—			(1,709		)
Equity in earnings	(74,572		)	4,674			—			—			69,898			—
(Loss)/income before provision/(benefit) for income taxes	(10,756		)	20,780			22,527			53,042			(98,934		)	(13,341		)
Provision/(benefit) for income taxes	—			1,144			(3,097		)	5,857			—			3,904
(Loss)/income from continuing operations	(10,756		)	19,636			25,624			47,185			(98,934		)	(17,245		)
Income from discontinued operations	—			—			5,721			2,080			(299		)	7,502
Net (loss)/income	(10,756		)	19,636			31,345			49,265			(99,233		)	(9,743		)
Net income attributable to non-controlling interest	—			—			—			(1,013		)	—			(1,013		)
Net (loss)/income attributable to Quiksilver, Inc.	(10,756		)	19,636			31,345			48,252			(99,233		)	(10,756		)
Other comprehensive income	(29,715		)	—			—			(29,715		)	29,715			(29,715		)
Comprehensive (loss)/income attributable to Quiksilver, Inc.	$	(40,471	)	$	19,636		$	31,345		$	18,537		$	(69,518	)	$	(40,471	)

In thousands	Quiksilver, Inc.		QS Wholesale, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	158	$	2,867	$	(2,701	)	$	46,340	$	—		$	46,664
Restricted cash	—		—		—			4,687		—			4,687
Trade accounts receivable, net	—		57,317		37,606			224,917		—			319,840
Other receivables	10		3,402		1,071			36,644		(280		)	40,847
Inventories	—		22,006		70,923			203,305		(17,454		)	278,780
Deferred income taxes	—		21,554		—			4,926		(21,554		)	4,926
Prepaid expenses and other current assets	1,579		6,209		2,941			17,351		—			28,080
Intercompany balances	—		258,808		—			—		(258,808		)	—
Current portion of assets held for sale	—		—		28			20,237		—			20,265
Total current assets	1,747		372,163		109,868			558,407		(298,096		)	744,089
Restricted cash	—		16,514		—			—		—			16,514
Fixed assets, net	20,381		34,408		21,259			137,720		—			213,768
Intangible assets, net	6,674		43,815		1,150			83,871		—			135,510
Goodwill	—		61,982		11,089			7,551		—			80,622
Other assets	7,097		5,160		1,255			33,574		—			47,086
Deferred income taxes long-term	30,807		—		2,052			16,088		(32,859		)	16,088
Investment in subsidiaries	725,088		1,525		—			—		(726,613		)	—
Assets held for sale, net of current portion	—		—		—			2,987		—			2,987
Total assets	$	791,794	$	535,567	$	146,673		$	840,198	$	(1,057,568	)	$	1,256,664
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—	$	—		$	32,929	$	—		$	32,929
Accounts payable	4,582		40,942		22,008			100,775		—			168,307
Accrued liabilities	17,887		15,092		7,230			72,492		—			112,701
Current portion of long-term debt	—		600		—			1,832		—			2,432
Income taxes payable	—		—		—			1,436		(280		)	1,156
Deferred income taxes	31,450		—		4,925			4,807		(21,554		)	19,628
Intercompany balances	179,251		—		39,265			40,292		(258,808		)	—
Current portion of assets held for sale	—		—		6			12,634		—			12,640
Total current liabilities	233,170		56,634		73,434			267,197		(280,642		)	349,793
Long-term debt	501,416		22,657		—			269,156		—			793,229
Deferred income taxes long-term	—		38,052		—			11,597		(32,859		)	16,790
Other long-term liabilities	1,179		9,800		7,420			20,943		—			39,342
Total liabilities	735,765		127,143		80,854			568,893		(313,501		)	1,199,154
Stockholders’/invested equity	56,029		408,424		65,819			269,825		(744,067		)	56,030
Non-controlling interest	—		—		—			1,480		—			1,480
Total liabilities and equity	$	791,794	$	535,567	$	146,673		$	840,198	$	(1,057,568	)	$	1,256,664

Condensed Consolidating Balance Sheet

October 31, 2013

In thousands	Quiksilver, Inc.		QS Wholesale, Inc.		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	35	$	3,733	$	296	$	53,216	$	—		$	57,280
Trade accounts receivable, net	—		83,991		48,230		279,417		—			411,638
Other receivables	19		5,613		2,007		15,667		—			23,306
Income taxes receivable	—		—		—		—		—			—
Inventories	—		43,405		93,074		224,695		(23,459		)	337,715
Deferred income taxes	—		24,624		—		6,482		(21,109		)	9,997
Prepaid expenses and other current assets	3,372		3,271		3,752		13,729		—			24,124
Intercompany balances	—		173,547		—		—		(173,547		)	—
Current portion of assets held for sale	—		—		26,051		25,475		(330		)	51,196
Total current assets	3,426		338,184		173,410		618,681		(218,445		)	915,256
Fixed assets, net	21,378		35,152		21,816		152,915		—			231,261
Intangible assets, net	4,487		44,596		1,154		84,359		—			134,596
Goodwill	—		103,880		7,675		150,070		—			261,625
Other assets	8,025		5,654		1,096		38,512		—			53,287
Deferred income taxes long-term	21,085		—		—		2,111		(23,196		)	—
Investment in subsidiaries	949,814		8,795		—		—		(958,609		)	—
Assets held for sale, net of current portion	—		—		1,676		22,769		—			24,445
Total assets	$	1,008,215	$	536,261	$	206,827	$	1,069,417	$	(1,200,250	)	$	1,620,470
LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	—	$	—	$	—	$	—	$	—		$	—
Accounts payable	4,222		51,283		35,910		110,260		—			201,675
Accrued liabilities	17,900		9,921		6,929		86,795		—			121,545
Current portion of long-term debt	—		—		—		23,488		—			23,488
Income taxes payable	—		121		—		3,791		—			3,912
Deferred income taxes	20,365		—		744		—		(21,109		)	—
Intercompany balances	92,815		—		47,424		33,308		(173,547		)	—
Current portion of assets held for sale	689		—		3,773		11,958		—			16,420
Total current liabilities	135,991		61,325		94,780		269,600		(194,656		)	367,040
Long-term debt	500,896		—		—		306,916		—			807,812
Deferred income taxes long-term	—		41,039		2,053		—		(23,196		)	19,896
Other long-term liabilities	1,622		6,012		8,946		19,765		—			36,345
Assets held for sale, net of current portion	—		—		187		1,532		—			1,719
Total liabilities	638,509		108,376		105,966		597,813		(217,852		)	1,232,812
Stockholders’/invested equity	369,706		427,885		100,861		453,652		(982,398		)	369,706
Non-controlling interest	—		—		—		17,952		—			17,952
Total liabilities and equity	$	1,008,215	$	536,261	$	206,827	$	1,069,417	$	(1,200,250	)	$	1,620,470

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2014

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net loss	$	(309,378	)	$	(35,639	)	$	(14,285	)	$	(190,056	)	$	229,212		$	(320,146	)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:
Income from discontinued operations	—			—			(29,244		)	21,595			—			(7,649		)
Depreciation and amortization	2,696			10,712			9,752			28,778			—			51,938
Stock-based compensation	17,260			—			—			—			—			17,260
Provision for doubtful accounts	—			15,515			437			5,904			—			21,856
Asset impairments	2,043			40,430			4,267			142,391			—			189,131
Equity in earnings	224,726			4,509			—			228			(229,235		)	228
Non-cash interest expense	1,911			1,016			—			542			—			3,469
Deferred income taxes	—			1,467			—			(6,290		)	—			(4,823		)
Other adjustments to reconcile net loss	(375		)	(295		)	(306		)	(5,544		)	—			(6,520		)
Changes in operating assets and liabilities:
Trade accounts receivable	—			11,120			10,317			29,170			—			50,607
Inventories	—			21,131			21,039			(5,096		)	23			37,097
Intercompany	132,629			(45,566		)	(128,989		)	41,926			—			—
Other operating assets and liabilities	(16,870		)	5,948			(18,527		)	(11,520		)	—			(40,969		)
Cash provided by/(used by) operating activities of continuing operations	54,642			30,348			(145,539		)	52,028			—			(8,521		)
Cash (used by)/provided by operating activities of discontinued operations	—			(18,791		)	16,805			(16,428		)	—			(18,414		)
Net cash provided by/(used in) operating activities	54,642			11,557			(128,734		)	35,600			—			(26,935		)
Cash flows from investing activities:
Proceeds from sale of fixed assets	174			94			532			4,850			—			5,650
Capital expenditures	(6,480		)	(12,365		)	(10,569		)	(24,001		)	—			(53,415		)
Changes in restricted cash	—			(16,514		)	—			(4,687		)	—			(21,201		)
Cash used in investing activities of continuing operations	(6,306		)	(28,785		)	(10,037		)	(23,838		)	—			(68,966		)
Cash provided by/(used by) investing activities of discontinued operations	—			19,000			58,052			(1,938		)	—			75,114
Net cash (used in)/provided by investing activities	(6,306		)	(9,785		)	48,015			(25,776		)	—			6,148
Cash flows from financing activities:
Borrowings on lines of credit	—			—			—			57,413			—			57,413
Payments on lines of credit	—			—			—			(24,485		)	—			(24,485		)
Borrowings on long-term debt	—			117,068			—			80,018			—			197,086
Payments on long-term debt	—			(95,976		)	—			(126,196		)	—			(222,172		)
Payments of debt issuance costs	(160		)	37			—			—			—			(123		)
Stock option exercises and employee stock purchases	5,902			—			—			—			—			5,902
Intercompany	(53,955		)	(22,801		)	76,756			—			—			—
Cash (used in)/provided by financing activities of continuing operations	(48,213		)	(1,672		)	76,756			(13,250		)	—			13,621
Cash (used in)/provided by intercompany financing operations of discontinued operations	—			(966		)	966			—			—			—
Net cash provided by/(used in) financing activities	(48,213		)	(2,638		)	77,722			(13,250		)	—			13,621
Effect of exchange rate changes on cash	—			—			—			(3,450		)	—			(3,450		)
Net increase/(decrease) in cash and cash equivalents	123			(866		)	(2,997		)	(6,876		)	—			(10,616		)
Cash and cash equivalents, beginning of period	35			3,733			296			53,216			—			57,280
Cash and cash equivalents, end of period	$	158		$	2,867		$	(2,701	)	$	46,340		$	—		$	46,664

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2013

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss)/income	$	(232,565	)	$	30,412		$	7,824		$	(154,314	)	$	115,118		$	(233,525	)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Income from discontinued operations	689			—			(5,211		)	(1,353		)	(11		)	(5,886		)
Depreciation and Amortization	2,218			11,556			6,031			30,153			—			49,958
Stock based compensation	21,556			—			—			—			—			21,556
Provision for doubtful accounts	—			(129		)	(1,823		)	7,681			—			5,729
Asset impairments	—			1,646			5,939			4,742			—			12,327
Equity in earnings	138,111			2,739			—			613			(140,850		)	613
Non-cash interest expense	4,702			1,312			—			781						6,795
Deferred income taxes	—			(1,750		)	—			160,847			—			159,097
Other adjustments to reconcile net (loss)/income	316			27			(196		)	(1,529		)	—			(1,382		)
Changes in operating assets and liabilities:
Trade accounts receivable	—			(3,339		)	36,610			(34,491		)	—			(1,220		)
Inventories	—			(11,182		)	3,830			(30,251		)	25,743			(11,860		)
Other operating assets and liabilities	8,327			3,080			(20,748		)	32,027			—			22,686
Cash (used in)/provided by operating activities of continuing operations	(56,646		)	34,372			32,256			14,906			—			24,888
Cash provided by operating activities of discontinued operations	—			—			1,515			789			—			2,304
Net cash (used in)/provided by operating activities	(56,646		)	34,372			33,771			15,695			—			27,192
Cash flows from investing activities:
Proceeds from sale of fixed assets	55			—			12			792			—			859
Capital expenditures	(7,347		)	(6,606		)	(7,965		)	(30,264		)	—			(52,182		)
Cash used in investing activities of continuing operations	(7,292		)	(6,606		)	(7,953		)	(29,472		)	—			(51,323		)
Cash used in investing activities of discontinued operations	—			—			(268		)	(2,302		)	—			(2,570		)
Net cash used in investing activities	(7,292		)	(6,606		)	(8,221		)	(31,774		)	—			(53,893		)
Cash flows from financing activities:
Transactions with non-controlling interest owners	—			(58		)	—			—			—			(58		)
Borrowings on lines of credit	—			—			—			6,157			—			6,157
Payments on lines of credit	—			—			—			(22,561		)	—			(22,561		)
Borrowings on long-term debt	500,776			59,829			—			92,310			—			652,915
Payments on long-term debt	(400,000		)	(129,123		)	—			(53,333		)	—			(582,456		)
Payments of debt issuance costs	(9,965		)	(4,312		)	—			—			—			(14,277		)
Stock option exercises and employee stock purchases	9,944			—			—			—			—			9,944
Intercompany	(37,106		)	47,665			(23,423		)	12,864			—			—
Cash provided by/(used in) financing activities of continuing operations	63,649			(25,999		)	(23,423		)	35,437			—			49,664
Cash provided by financing activities of discontinued operations	—			—			—			—			—			—
Net cash provided by/(used in) financing activities	63,649			(25,999		)	(23,423		)	35,437			—			49,664
Effect of exchange rate changes on cash	—			—			—			(7,506		)	—			(7,506		)
Net increase/(decrease) in cash and cash equivalents	(289		)	1,767			2,127			11,852			—			15,457
Cash and cash equivalents, beginning of period	324			1,966			(1,831		)	41,364			—			41,823
Cash and cash equivalents, end of period	$	35		$	3,733		$	296		$	53,216		$	—		$	57,280

Condensed Consolidating Statement of Cash Flows

Year Ended October 31, 2012

In thousands	Quiksilver, Inc.			QS Wholesale, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Cash flows from operating activities:
Net (loss)/income	$	(10,756	)	$	19,636		$	31,345		$	49,265		$	(99,233	)	$	(9,743	)
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities:
Income from discontinued operations	—			—			(5,721		)	(2,080		)	299			(7,502		)
Depreciation and Amortization	2,088			11,314			6,483			32,533			—			52,418
Stock based compensation	22,552			—			—			—			—			22,552
Provision for doubtful accounts	—			(763		)	(1,307		)	6,100			—			4,030
Asset impairments	—			11			5,151			2,072			—			7,234
Equity in earnings	(74,572		)	4,674			—			282			69,898			282
Non-cash interest expense	1,490			1,506			—			689			—			3,685
Deferred income taxes	—			474			—			(9,095		)	—			(8,621		)
Other adjustments to reconcile net (loss)/income	(443		)	(94		)	130			(6,114		)	—			(6,521		)
Changes in operating assets and liabilities:
Trade accounts receivable	—			(7,227		)	(19,368		)	(24,155		)	—			(50,750		)
Inventories	—			23,444			(41,966		)	(3,331		)	29,036			7,183
Other operating assets and liabilities	5,918			(9,589		)	16,996			(42,144		)	—			(28,819		)
Cash (used in)/provided by operating activities of continuing operations	(53,723		)	43,386			(8,257		)	4,022			—			(14,572		)
Cash provided by/(used in) operating activities of discontinued operations	—			—			(1,521		)	2,554			—			1,033
Net cash (used in)/provided by operating activities	(53,723		)	43,386			(9,778		)	6,576			—			(13,539		)
Cash flows from investing activities:
Proceeds from sale of fixed assets	—			43			2			8,153			—			8,198
Capital expenditures	(4,388		)	(13,744		)	(8,527		)	(36,684		)	—			(63,343		)
Payment for purchases of companies	—			—			—			—			—			—
Cash used in investing activities of continuing operations	(4,388		)	(13,701		)	(8,525		)	(28,531		)	—			(55,145		)
Cash used in investing activities of discontinued operations	—			—			(309		)	(11,546		)	—			(11,855		)
Net cash used in investing activities	(4,388		)	(13,701		)	(8,834		)	(40,077		)	—			(67,000		)
Cash flows from financing activities:
Transactions with non-controlling interest owners	—			(11,000		)	—			—			—			(11,000		)
Borrowings on lines of credit	—			—			—			15,139			—			15,139
Payments on lines of credit	—			—			—			(12,641		)	—			(12,641		)
Borrowings on long-term debt	—			93,500			—			46,535			—			140,035
Payments on long term debt	—			(70,800		)	—			(42,041		)	—			(112,841		)
Payments of Debt and Equity Issuance Costs	—			—			—			—			—			—
Stock option exercises and employee stock purchases	2,241			—			—			—			—			2,241
Intercompany	56,177			(44,391		)	20,422			(32,208		)	—			—
Cash provided by/(used in) financing activities of continuing operations	58,418			(32,691		)	20,422			(25,216		)	—			20,933
Cash provided by financing activities of discontinued operations	—			—			—			—			—			—
Net cash provided by/(used in) financing activities	58,418			(32,691		)	20,422			(25,216		)	—			20,933
Effect of exchange rate changes on cash	—			—			—			(8,324		)	—			(8,324		)
Net (decrease)/increase in cash and cash equivalents	307			(3,006		)	1,810			(67,041		)	—			(67,930		)
Cash and cash equivalents, beginning of period	17			4,972			(3,641		)	108,405			—			109,753
Cash and cash equivalents, end of period	$	324		$	1,966		$	(1,831	)	$	41,364		$	—		$	41,823