10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             .

Commission file number 1-9444

CEDAR FAIR, L.P.

(Exact name of registrant as specified in its charter)

DELAWARE	34-1560655
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

One Cedar Point Drive, Sandusky, Ohio 44870-5259

(Address of principal executive offices) (Zip Code)

(419) 626-0830

(Registrant’s telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o (Do not check if a smaller reporting company)	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

Title of Class	Units Outstanding As Of May 1, 2013
Units Representing Limited Partner Interests	55,519,784

CEDAR FAIR, L.P.

INDEX

FORM 10 - Q

Part I - Financial Information
Item 1.	Financial Statements	3-32
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	33-41
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	41
Item 4.	Controls and Procedures	41
Part II - Other Information
Item 1.	Legal Proceedings	42
Item 1A.	Risk Factors	42
Item 5.	Other Information	42
Item 6.	Exhibits	43
Signatures		44
Index to Exhibits		45

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

	3/31/2013			12/31/2012			3/25/2012
ASSETS							(As restated)
Current Assets:
Cash and cash equivalents	$	10,038		$	78,830		$	7,319
Receivables	13,342			18,192			6,693
Inventories	39,063			27,840			44,486
Current deferred tax asset	36,022			8,184			15,120
Income tax refundable	—			—			9,013
Prepaid advertising	16,396			1,086			11,139
Other current assets	11,319			6,974			10,258
	126,180			141,106			104,028
Property and Equipment:
Land	301,469			303,348			314,133
Land improvements	338,777			339,081			334,087
Buildings	587,603			584,854			580,121
Rides and equipment	1,446,904			1,450,231			1,423,360
Construction in progress	63,509			28,971			62,951
	2,738,262			2,706,485			2,714,652
Less accumulated depreciation	(1,167,410		)	(1,162,213		)	(1,073,784		)
	1,570,852			1,544,272			1,640,868
Goodwill	243,653			246,221			245,808
Other Intangibles, net	40,323			40,652			40,607
Other Assets	34,648			47,614			54,193
	$	2,015,656		$	2,019,865		$	2,085,504
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300		$	—		$	15,921
Accounts payable	37,443			10,734			28,212
Deferred revenue	66,184			39,485			50,754
Accrued interest	8,339			15,512			10,314
Accrued taxes	9,000			17,813			8,820
Accrued salaries, wages and benefits	20,182			24,836			33,562
Self-insurance reserves	23,557			23,906			21,754
Other accrued liabilities	7,867			5,916			6,104
	178,872			138,202			175,441
Deferred Tax Liability	154,587			153,792			130,727
Derivative Liability	31,031			32,260			32,280
Other Liabilities	7,685			8,980			2,235
Long-Term Debt:
Revolving credit loans	96,000			—			155,004
Term debt	623,700			1,131,100			1,140,179
Notes	901,255			401,080			400,373
	1,620,955			1,532,180			1,695,556
Commitments and Contingencies (Note 10)
Partners’ Equity:
Special L.P. interests	5,290			5,290			5,290
General partner	—			1			(1		)
Limited partners, 55,712, 55,618 and 55,424 units outstanding at March 31, 2013, December 31, 2012 and March 25, 2012, respectively	36,550			177,660			73,814
Accumulated other comprehensive loss	(19,314		)	(28,500		)	(29,838		)
	22,526			154,451			49,265
	$	2,015,656		$	2,019,865		$	2,085,504

The accompanying Notes to Unaudited Condensed Consolidated Financial Statements are an integral part of these statements.

3

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(In thousands, except per unit amounts)

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013			3/25/2012
Net revenues:				(As restated)						(As restated)
Admissions	$	20,023		$	11,670		$	620,422		$	597,100
Food, merchandise and games	16,692			12,532			346,374			350,186
Accommodations and other	5,084			3,996			115,259			82,515
	41,799			28,198			1,082,055			1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	5,037			4,087			95,998			92,032
Operating expenses	76,657			71,285			456,775			437,008
Selling, general and administrative	21,039			17,984			141,366			137,495
Depreciation and amortization	4,786			4,079			127,013			125,892
(Gain) on sale of other assets	—			—			(6,625		)	—
Loss on impairment / retirement of fixed assets, net	600			92			30,844			11,251
	108,119			97,527			845,371			803,678
Operating income (loss)	(66,320		)	(69,329		)	236,684			226,123
Interest expense	25,763			26,803			109,579			142,876
Net effect of swaps	9,211			(970		)	8,689			(15,976		)
Loss on early debt extinguishment	34,573			—			34,573			—
Unrealized/realized foreign currency (gain) loss	8,958			(8,192		)	8,152			8,605
Other (income) expense	(40		)	(16		)	(92		)	(126		)
Income (loss) before taxes	(144,785		)	(86,954		)	75,783			90,744
Provision (benefit) for taxes	(35,659		)	(21,539		)	17,638			5,937
Net income (loss)	(109,126		)	(65,415		)	58,145			84,807
Net income (loss) allocated to general partner	(1		)	(1		)	1			1
Net income (loss) allocated to limited partners	$	(109,125	)	$	(65,414	)	$	58,144		$	84,806
Net income (loss)	$	(109,126	)	$	(65,415	)	$	58,145		$	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301			(1,169		)	1,839			1,050
Unrealized income (loss) on cash flow hedging derivatives	8,885			339			8,685			(7,958		)
Other comprehensive income (loss), (net of tax)	9,186			(830		)	10,524			(6,908		)
Total comprehensive income (loss)	$	(99,940	)	$	(66,245	)	$	68,669		$	77,899
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,854			55,378			55,694			55,353
Net income (loss) per limited partner unit	$	(1.95	)	$	(1.18	)	$	1.04		$	1.53
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,854			55,378			56,056			55,847
Net income (loss) per limited partner unit	$	(1.95	)	$	(1.18	)	$	1.04		$	1.52

The accompanying Notes to Unaudited Condensed Consolidated Financial Statements are an integral part of these statements.

4

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PARTNERS’ EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2013

(In thousands)

	Three months ended
	3/31/13
Limited Partnership Units Outstanding
Beginning balance	55,618
Limited partnership unit options exercised	1
Issuance of limited partnership units as compensation	93
	55,712
Limited Partners’ Equity
Beginning balance	$	177,660
Net loss	(109,125		)
Partnership distribution declared ($0.625 per limited partnership unit)	(34,820		)
Expense recognized for limited partnership unit options	235
Limited partnership unit options exercised	28
Tax effect of units involved in option exercises and treasury unit transactions	(127		)
Issuance of limited partnership units as compensation	2,699
	36,550
General Partner’s Equity
Beginning balance	1
Net loss	(1		)
	—
Special L.P. Interests	5,290
Accumulated Other Comprehensive Income (Loss)
Cumulative foreign currency translation adjustment:
Beginning balance	(2,751		)
Current period activity, net of tax ($175)	301
	(2,450		)
Unrealized loss on cash flow hedging derivatives:
Beginning balance	(25,749		)
Current period activity, net of tax ($1,554)	8,885
	(16,864		)
	(19,314		)
Total Partners’ Equity	$	22,526

The accompanying Notes to Unaudited Condensed Consolidated Financial Statements are an integral part of this statement.

5

CEDAR FAIR, L.P.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013			3/25/2012
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES				(As restated)						(As restated)
Net income (loss)	$	(109,126	)	(65,415		)	$	58,145		$	84,807
Adjustments to reconcile net income (loss) to net cash from (for) operating activities:
Depreciation and amortization	4,786			4,079			127,013			125,892
Loss on early debt extinguishment	34,573			—			34,573			—
Loss on impairment / retirement of fixed assets, net	600			92			30,844			11,251
Gain on sale of other assets	—			—			(6,625		)	—
Net effect of swaps	9,211			(970		)	8,689			(15,976		)
Non-cash (income) expense	13,867			(3,109		)	22,127			25,240
Net change in working capital	7,057			(12,228		)	18,152			(9,337		)
Net change in other assets/liabilities	(29,635		)	(4,381		)	5,029			(1,348		)
Net cash from (for) operating activities	(68,667		)	(81,932		)	297,947			220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	—			—			16,058			—
Capital expenditures	(35,829		)	(27,468		)	(103,262		)	(97,355		)
Net cash for investing activities	(35,829		)	(27,468		)	(87,204		)	(97,355		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	96,000			155,004			(59,004		)	27,890
Term debt borrowings	630,000			—			630,000			—
Note borrowings	500,000			—			500,000			—
Derivative settlement	—			(50,450		)	—			(50,450		)
Term debt payments, including early termination penalties	(1,131,100		)	—			(1,156,100		)	(23,900		)
Distributions paid to partners	(34,820		)	(22,151		)	(101,482		)	(73,070		)
Exercise of limited partnership unit options	28			48			57			53
Payment of debt issuance costs	(23,491		)	—			(23,491		)	(723		)
Excess tax benefit from unit-based compensation expense	(127		)	(437		)	1,519			(437		)
Net cash from (for) financing activities	36,490			82,014			(208,501		)	(120,637		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(786		)	(819		)	477			(2,473		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(68,792		)	(28,205		)	2,719			64
Balance, beginning of period	78,830			35,524			7,319			7,255
Balance, end of period	$	10,038		$	7,319		$	10,038		$	7,319
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	$	31,291		$	30,471		$	102,703		$	139,126
Interest capitalized	516			752			1,086			2,188
Cash payments for income taxes, net of refunds	1,952			138			3,597			6,207

The accompanying Notes to Unaudited Condensed Consolidated Financial Statements are an integral part of these statements.

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CEDAR FAIR, L.P.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIODS ENDED MARCH 31, 2013 AND MARCH 25, 2012

The accompanying unaudited condensed consolidated financial statements have been prepared from the financial records of Cedar Fair, L.P. (the Partnership) without audit and reflect all adjustments which are, in the opinion of management, necessary to fairly present the results of the interim periods covered in this report.

Due to the highly seasonal nature of the Partnership’s amusement and water park operations, the results for any interim period are not indicative of the results to be expected for the full fiscal year. Accordingly, the Partnership has elected to present financial information regarding operations and cash flows for the preceding fiscal twelve-month periods ended March 31, 2013 and March 25, 2012 to accompany the quarterly results. Because amounts for the fiscal twelve months ended March 31, 2013 include actual 2012 season operating results, they may not be indicative of 2013 full calendar year operations.

(1) Significant Accounting and Reporting Policies:

The Partnership’s unaudited condensed consolidated financial statements for the periods ended March 31, 2013 and March 25, 2012 included in this Form 10-Q report have been prepared in accordance with the accounting policies described in the Notes to Consolidated Financial Statements for the year ended December 31, 2012, which were included in the Form 10-K/A filed on May 10, 2013. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the Commission). These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Form 10-K/A referred to above.

Property and Equipment

Property and equipment are recorded at cost. Expenditures made to maintain such assets in their original operating condition are expensed as incurred, and improvements and upgrades are generally capitalized. Depreciation is computed on a straight-line basis over the estimated useful lives of the assets. The unit method is used for all individual assets.

Change in Depreciation Method

Effective January 1, 2013, the Partnership changed its method of depreciation for the group of assets acquired as a whole in 1983, as well as for the groups of like assets of each subsequent business acquisition from the composite method to the unit method.

Historically, the Partnership had used the composite depreciation method for land improvements, buildings, rides and equipment for the group of assets acquired as a whole in 1983, as well as for the group of like assets of each subsequent business acquisition. The unit method was only used for all individual assets purchased. Under the composite depreciation method, assets with similar estimated lives are grouped together and the several pools of assets are depreciated on an aggregate basis. No gain or loss is recognized on normal retirements of composite assets. Instead, the net book value of a retired asset reduces accumulated depreciation for the composite group. Unusual retirements of composite assets could result in the recognition of a gain or loss. Under the unit method of depreciation, individual assets are depreciated over their estimated useful lives, with gains and losses on all asset retirements recognized currently in income.

In order to improve comparability and enhance the level of precision associated with allocating historical cost, the Partnership had determined that it was preferable to change from the composite method of depreciation to the unit method of depreciation for all assets. The Partnership believes that pursuant to generally accepted accounting principles, changing from the composite method of depreciation to the unit method of depreciation is a change in accounting estimate that is effected by a change in accounting principle, which should be accounted for prospectively. This prospective application resulted in the discontinuance of the composite method of depreciation for all prior acquisitions with the existing net book value of each composite pool allocated to the remaining individual assets (units) in that pool with each unit assigned an appropriate remaining useful life on an individual unit basis. Assigning a useful life to each unit in the various composite pools had an insignificant effect on the weighted average useful lives of all assets that were previously accounted for under the composite method.

The change in depreciation method had an immaterial impact on the Condensed Consolidated Financial Statements for the quarter ended March 31, 2013.Future asset retirements could have a material impact on the Condensed Consolidated Financial Statements in the periods such items occur.

7

New Accounting Pronouncements

In January 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities,” which clarifies that ordinary trade receivables and receivables are not in the scope of Accounting Standards Update 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities. Specifically, Update 2011-11 applies only to derivatives, repurchase agreements and reverse purchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with specific criteria contained in the FASB Codification or subject to a master netting arrangement or similar agreement. We adopted this guidance during the first quarter of 2013 and it did not impact the Partnership's consolidated financial statements.

In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income - Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which requires an entity to present information about significant items reclassified out of Accumulated Other Comprehensive Income by component either on the face of the statement where net income is presented or as a separate disclosure in the notes to the financial statements. We adopted this guidance during the first quarter of 2013 and it did not impact the Partnership's consolidated financial statements. The Partnership has elected to present movements out of OCI via an additional disclosure in the notes to the consolidated financial statements.

In February 2013, the FASB issued ASU 2013-04, “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date,” which requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, as the sum of the following:

• The amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors

• Any additional amount the reporting entity expects to pay on behalf of its co-obligors

The guidance in this Update also requires an entity to disclose the nature and amount of the obligation as other information about those obligations.

The amendments in the Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, however early adoption is permitted. We do not anticipate this guidance having a material impact on the Partnership's consolidated financial statements.

In March 2013, the FASB issued ASU 2013-05, “Parent's Accounting for CTA upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity.” When a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity, the parent is required to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment (CTA) into net income. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided.

Additionally, the amendments in this Update clarify that the sale of an investment in a foreign entity includes both events that result in the loss of a controlling financial interest in a foreign entity and events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition). Accordingly, the CTA adjustment should be released into net income upon the occurrence of those events.

The amendments in the Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013, however early adoption is permitted. We do not anticipate this guidance having a material impact on the Partnership's consolidated financial statements.

(2) Interim Reporting:

The Partnership owns and operates eleven amusement parks, four separately gated outdoor water parks, one indoor water park and five hotels. Virtually all of the Partnership’s revenues from its seasonal amusement parks, as well as its outdoor water parks and other seasonal resort facilities, are realized during a 130- to 140-day operating period beginning in early May, with the major portion concentrated in the third quarter during the peak vacation months of July and August. Knott's Berry Farm is open daily on a year-round basis. Castaway Bay is generally open daily from Memorial Day to Labor Day, plus a limited daily schedule for the balance of the year.

8

To assure that these highly seasonal operations will not result in misleading comparisons of current and subsequent interim periods, the Partnership has adopted the following accounting and reporting procedures for its seasonal parks: (a) revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket and are adjusted periodically during the season, (b) depreciation, advertising and certain seasonal operating costs are expensed during each park’s operating season, including certain costs incurred prior to the season which are amortized over the season, and (c) all other costs are expensed as incurred or ratably over the entire year.

(3) Long-Lived Assets:

Long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that would indicate that the carrying value of the assets may not be recoverable. In order to determine if an asset has been impaired, assets are grouped and tested at the lowest level for which identifiable, independent cash flows are available. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others: a significant decline in expected future cash flows; a sustained, significant decline in equity price and market capitalization; a significant adverse change in legal factors or in the business climate; unanticipated competition; and slower growth rates. Any adverse change in these factors could have a significant impact on the recoverability of these assets and could have a material impact on our consolidated financial statements.

The long-lived operating asset impairment test involves a two-step process. The first step is a comparison of each asset group's carrying value to its estimated undiscounted future cash flows expected to result from the use of the assets, including disposition. Projected future cash flows reflect management's best estimates of economic and market conditions over the projected period, including growth rates in revenues and costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates and future estimates of capital expenditures. If the carrying value of the asset group is higher than its undiscounted future cash flows, there is an indication that impairment exists and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of the asset group to its carrying value in a manner consistent with the highest and best use of those assets.

The Partnership estimates fair value of operating assets using an income, market, and/or cost approach. The income approach which uses an asset group's projection of estimated operating results and cash flows that is discounted using a weighted-average cost of capital reflective of current market conditions. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The cost approach is based on the amount currently required to replace the service capacity of an asset adjusted for obsolescence. If the implied fair value of the assets is less than their carrying value, an impairment charge is recorded for the difference.

Non-operating assets are evaluated for impairment based on changes in market conditions. When changes in market conditions are observed, impairment is estimated using a market-based approach. If the estimated fair value of the non-operating assets is less than their carrying value, an impairment charge is recorded for the difference.

At the end of the third quarter of 2012, the Partnership concluded based on 2012 operating results and updated forecasts, that a review of the carrying value of operating long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Also, at the end of the third quarter of 2012, the Partnership concluded that market conditions had changed on the adjacent non-operating land of Wildwater Kingdom. After performing its review of the updated market value of the land, the Partnership determined the land was impaired. The Partnership recognized a total of $25.0 million of fixed-asset impairment during the third quarter of 2012 which was recorded in "Loss on impairment / retirement of fixed assets, net" on the condensed consolidated statement of operations.

(4) Goodwill and Other Intangible Assets:

In accordance with the applicable accounting rules, goodwill is not amortized, but, along with indefinite-lived trade-names, is evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. The Partnership's annual testing date is December 31.

The Partnership tested goodwill and other indefinite-lived intangibles for impairment on December 31, 2012 and no impairment was indicated. In September 2011, the FASB issued ASU 2011-08, “Intangibles — Goodwill and Other,” which gives an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step goodwill impairment test. If an entity believes, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting

9

unit is less than its carrying amount, the two-step goodwill impairment test is required. We adopted this guidance during the first quarter of 2012 and it did not impact the Partnership's consolidated financial statements.

In July 2012, the FASB issued ASU 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment,” which allows an entity the option to first assess qualitatively whether it is more-likely-than-not that an indefinite-lived intangible asset is impaired, thus necessitating that it perform the quantitative impairment test. An entity is not required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative impairment test unless the entity determines that it is more likely than not that the asset is impaired. The revised standard is effective for annual impairment testing performed for fiscal years beginning after September 15, 2012, however early adoption is permitted. We adopted this guidance during the third quarter of 2012 and it did not impact the Partnership's consolidated financial statements.

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
March 31, 2013	$	323,521		$	(79,868	)	$	243,653

At March 31, 2013, December 31, 2012, and March 25, 2012 the Partnership’s other intangible assets consisted of the following:

March 31, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323
December 31, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,222	$	—	$	40,222
License / franchise agreements	790		360		430
Total other intangible assets	$	41,012	$	360	$	40,652
March 25, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,163	$	—	$	40,163
License / franchise agreements	775		331		444
Total other intangible assets	$	40,938	$	331	$	40,607

Amortization expense of other intangible assets for the three months ended March 31, 2013 and March 25, 2012 was $9,000 and $9,000, respectively. The estimated amortization expense for the remainder of 2013 is $27,000. Estimated amortization expense is expected to total less than $50,000 in each year from 2013 through 2017.

(5) Long-Term Debt:

In July 2010, the Partnership issued $405 million of 9.125% senior unsecured notes, maturing in 2018, in a private placement, including $5.6 million of Original Issue Discount ("OID") to yield 9.375%. Concurrently with this offering, the Partnership entered into a new $1,435 million credit agreement (the "2010 Credit Agreement”), which included a $1,175 million senior secured term loan facility and a $260 million senior secured revolving credit facility. The net proceeds from the offering of the notes, along with borrowings under the 2010 Credit Agreement, were used to repay in full all amounts outstanding under the previous credit

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facilities. The facilities provided under the 2010 Credit Agreement were collateralized by substantially all of the assets of the Partnership.

The Partnership's $405 million of senior unsecured notes pay interest semi-annually in February and August, with the principal due in full on August 1, 2018. The notes may be redeemed, in whole or in part, at any time prior to August 1, 2014 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to August 1, 2013, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 109.125%.

Terms of the 2010 Credit Agreement included a revolving credit facility of a combined $260 million. Under the 2010 Credit Agreement, the Canadian portion of the revolving credit facility had a limit of $15 million. U.S. denominated loans made under the revolving credit facility bore interest at a rate of LIBOR plus 400 basis points (bps) (with no LIBOR floor). Canadian denominated loans made under the Canadian portion of the facility bore interest at a rate of LIBOR plus 400 bps (with no LIBOR floor). The revolving credit facility, which was scheduled to mature in July 2015, also provided for the issuance of documentary and standby letters of credit. The Amended 2010 Credit Agreement required the Partnership to pay a commitment fee of 50 bps per annum on the unused portion of the credit facilities.

In February 2011, the Partnership amended the 2010 Credit Agreement (as so amended, the “Amended 2010 Credit Agreement”) and extended the maturity date of the term loan portion of the credit facilities by one year. The extended U.S. term loan was scheduled to mature in December 2017 and bore interest at a rate of LIBOR plus 300 bps, with a LIBOR floor of 100 bps.

In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes, maturing in 2021, in a private placement, with no OID. Concurrently with this offering, the Partnership entered into a new $885 million credit agreement (the "2013 Credit Agreement"), which included a $630 million senior secured term loan facility and a $255 million senior secured revolving credit facility. The terms of the senior secured term loan facility include a maturity date of March 6, 2020 and bear interest at a rate of LIBOR plus 250 bps with a LIBOR floor of 75 bps. The term loan amortizes at $6.3 million annually. The net proceeds from the notes and borrowings under the 2013 Credit Agreement were used to repay in full all amounts outstanding under the previous credit facilities. The facilities provided under the 2013 Credit Agreement are collateralized by substantially all of the assets of the Partnership.

Terms of the 2013 Credit Agreement include a revolving credit facility of a combined $255 million. Under the 2013 Credit Agreement, the Canadian portion of the revolving credit facility has a sub-limit of $15 million. U.S. denominated and Canadian denominated loans made under the revolving credit facility bear interest at a rate of LIBOR plus 225 bps (with no LIBOR floor). The revolving credit facility is scheduled to mature in March 2018 and also provides for the issuance of documentary and standby letters of credit. The 2013 Credit Agreement requires the Partnership to pay a commitment fee of 50 bps per annum on the unused portion of the credit facilities.

The 2013 Credit Agreement requires the Partnership to maintain specified financial ratios, which if breached for any reason, including a decline in operating results, could result in an event of default under the agreement. The most restrictive of these ratios is the Consolidated Leverage Ratio which is measured quarterly on a trailing-twelve month basis. The Consolidated Leverage Ratio is set at 6.25x consolidated total debt- (excluding the revolving debt) to-Consolidated EBITDA and will remain at that level through the end of the first quarter in 2014, and the ratio will decrease each second quarter beginning with the second quarter of 2014. As of March 31, 2013, the Partnership’s Consolidated Leverage Ratio was 3.89x, providing $148.2 million of consolidated EBITDA cushion on the ratio as of the end of the first quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of March 31, 2013.

The 2013 Credit Agreement also includes provisions that allow the Partnership to make restricted payments of up to $60 million annually, so long as no default or event of default has occurred and is continuing. These restricted payments are not subject to any specific covenants. Additional restricted payments are allowed to be made based on an Excess-Cash-Flow formula, should the Partnership’s pro-forma Consolidated Leverage Ratio be less than or equal to 5.00x. Per the terms of the indenture governing the Partnership's notes maturing in 2018, which is more restrictive than the indenture governing the Partnership's notes maturing in 2021, the ability to make restricted payments in 2013 and beyond is permitted should the Partnership's trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x, measured on a quarterly basis.

The Partnership's $500 million of senior unsecured notes pay interest semi-annually in March and September, with the principal due in full on March 15, 2021. The notes may be redeemed, in whole or in part, at any time prior to March 15, 2016 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on

11

the date redeemed. Prior to March 15, 2016, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 105.25%.

As market conditions warrant, the Partnership may from time to time repurchase debt securities issued by the Partnership, in privately negotiated or open market transactions, by tender offer, exchange offer or otherwise.

(6) Derivative Financial Instruments:

Derivative financial instruments are only used within the Partnership’s overall risk management program to manage certain interest rate and foreign currency risks from time to time. The Partnership does not use derivative financial instruments for trading purposes.

In September 2010 the Partnership entered into several forward-starting swap agreements ("September 2010 swaps") to effectively convert a total of $600 million of variable-rate debt to fixed rates beginning in October 2011. As a result of the February 2011 amendment to the 2010 Credit Agreement, the LIBOR floor on the term loan portion of its credit facilities decreased to 100 bps from 150 bps, causing a mismatch in critical terms of the September 2010 swaps and the underlying debt. Because of the mismatch of critical terms, the Partnership determined the September 2010 swaps, which were originally designated as cash flow hedges, were no longer highly effective, resulting in the de-designation of the swaps as of the end of February 2011. As a result of this ineffectiveness, gains of $7.2 million recorded in accumulated other comprehensive income (AOCI) through the date of de-designation are being amortized through December 2015.

In March 2011, the Partnership entered into several additional forward-starting basis-rate swap agreements ("March 2011 swaps") that, when combined with the September 2010 swaps, effectively converted $600 million of variable-rate debt to fixed rates beginning in October 2011. The September 2010 swaps and the March 2011 swaps, were jointly designated as cash flow hedges, maturing in December 2015 and had fixed LIBOR at a weighted average rate of 2.46%. For the period that the September 2010 swaps were de-designated, their fair value decreased by $3.3 million, the offset of which was recognized as a direct charge to the Partnership's earnings and recorded to “Net effect of swaps” on the consolidated statement of operations along with the regular amortization of “Other comprehensive income (loss)” balances related to these swaps. No other ineffectiveness related to these swaps was recorded in any period presented.

In May 2011, the Partnership entered into four additional forward-starting basis-rate swap agreements ("May 2011 swaps") that effectively converted another $200 million of variable-rate debt to fixed rates beginning in October 2011. These swaps, which were designated as cash flow hedges, mature in December 2015 and fixed LIBOR at a weighted average rate of 2.54%.

As a result of the 2013 Credit Agreement, the previously described swaps were de-designated as the spreads of the 2013 Credit Agreement decreased to 75 bps from 100 bps in the Amended 2010 Credit Agreement. The May 2011 swaps remain de-designated as the amount of variable rate debt decreased to $630 million, and accordingly, the May 2011 swaps are now over hedged. On March 4, 2013, we entered into several forward-starting swap agreements ("March 2013 swaps") that were not designated as a cash flow hedge on that date. On March 6, 2013, the March 2013 swaps were combined with the September 2010 swaps and the March 2011 swaps, and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The September 2010 swaps, the March 2011 swaps, and the March 2013 swaps were jointly designated as cash flow hedges, mature in December 2015 and fix LIBOR at a weighted average rate of 2.331%. At the time of the de-designation, the fair market value of the September 2010 swaps, March 2011 swaps, and March 2013 swaps was $23.8 million, which will be amortized out of AOCI into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive incomethrough December 2015. At the time of the de-designation, the fair market value of the May 2011 swaps was $7.8 million and was immediately recognized into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations.

The fair market value of the September 2010 swaps, the March 2011 swaps, and the March 2013 swaps at March 31, 2013 was a liability of $23.4 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet. The May 2011 swaps had a fair market value of $7.6 million as of March 31, 2013 and was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

In 2007, the Partnership entered into two cross-currency swap agreements, which effectively converted $268.7 million of term debt at the time, and the associated interest payments, related to its wholly owned Canadian subsidiary from variable U.S. dollar denominated debt to fixed-rate Canadian dollar denominated debt. The Partnership originally designated these cross-currency swaps as foreign currency cash flow hedges. Cash flows related to these swap agreements were included in interest expense over the term of the agreement. These swap agreements expired in February 2012.

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In May 2011 and July 2011, the Partnership entered into several foreign currency swap agreements to fix the exchange rate on approximately 75% of the termination payment associated with the cross-currency swap agreements that expired in February 2012. The Partnership did not seek hedge accounting treatment on these foreign currency swaps, and as such, changes in fair value of the swaps flowed directly through earnings along with changes in fair value on the related, de-designated cross-currency swaps. In February 2012, all of the cross-currency and related currency swap agreements were settled for $50.5 million.

Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet:

(In thousands):	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 31, 2013			December 31, 2012			March 25, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	(23,388		)	(32,260		)	(32,280		)
Total derivatives designated as hedging instruments		$	(23,388	)	$	(32,260	)	$	(32,280	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(7,643	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(7,643	)	$	—		$	—
Net derivative liability		$	(31,031	)	$	(32,260	)	$	(32,280	)

The following table presents our September 2010 swaps, March 2011 swaps, May 2011 swaps, and March 2013 swaps which mature December 15, 2015, along with their notional amounts and their fixed interest rates.

	Interest Rate Swaps
($'s in thousands)	Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments
	Notional Amounts		LIBOR Rate		Notional Amounts		LIBOR Rate
	$	200,000	2.27	%	50,000		2.54	%
	75,000		2.30	%	30,000		2.54	%
	50,000		2.29	%	70,000		2.54	%
	150,000		2.43	%	50,000		2.54	%
	50,000		2.29	%
	50,000		2.47	%
	25,000		2.30	%
Total $'s / Average Rate	$	600,000	2.33	%	$	200,000	2.54	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)				Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended		Three months ended			Three months ended			Three months ended				Three months ended		Three months ended
	3/31/13		3/25/12			3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,266	$	120	Interest Expense	$	(2,797	)	$	(2,793	)	Net effect of swaps	$	435	$	—

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(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended			Three months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	$	—		$	(4,999	)
Foreign currency swaps	Net effect of swaps	—			6,278
Interest rate swaps (2)	Net effect of swaps	(1,471		)	—
		$	(1,471	)	$	1,279

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

(2) The May 2011 interest rate swaps were de-designated in March 2013.

During the quarter ended March 31, 2013, in addition to the $1.0 million loss recognized in income on the ineffective portion of derivatives and on the derivatives not designated as cash flow hedges (as noted in the tables above), $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $0.4 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the quarter. The effect of these amounts resulted in a charge to earnings of $9.2 million recorded in “Net effect of swaps.”

For the three-month period ended March 25, 2012, in addition to the $1.3 million gain recognized in income on the ineffective portion of derivatives noted in the tables above, $0.5 million of expense representing the amortization of amounts in AOCI for the swaps and $0.2 million of foreign currency gain in the quarter related to the U.S. dollar denominated Canadian term loan were recorded in “Net effect of swaps” in the condensed consolidated statements of operations. The net effect of these amounts resulted in a benefit to earnings of $1.0 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended		Twelve months ended				Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/31/13		3/25/12				3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,286	$	(36,088	)	Interest Expense	$	(12,031	)	$	(5,816	)	Net effect of swaps	$	435	$	33,493

(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended			Twelve months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	—			12,911
Foreign currency swaps	Net effect of swaps	—			(7,387		)
Interest rate swaps (2)	Net effect of swaps	$	(1,471	)	$	—
		$	(1,471	)	$	5,524

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

(2) The May 2011 interest rate swaps were de-designated in March 2013.

In addition to the $1.0 million of loss recognized in income on the ineffective portion of derivatives and on the derivatives not designated as cash flow hedges (as noted in the tables above), $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $192 thousand of income representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 31, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $8.7 million recorded in “Net effect of swaps.”

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For the twelve month period ending March 25, 2012, in addition to the $39.0 million of gain recognized in income on the ineffective portion of derivatives noted in the tables above, $22.7 million of expense representing the amortization of amounts in AOCI for the swaps and a $0.3 million foreign currency loss in the twelve month period related to the U.S. dollar denominated Canadian term loan was recorded during the trailing twelve months ended March 25, 2012 in the condensed consolidated statements of operations. The net effect of these amounts resulted in a benefit to earnings for the trailing twelve month period of $16.0 million recorded in “Net effect of swaps.”

The amounts reclassified from AOCI into income for the periods noted above are primarily the result of the Partnership’s initial three-year requirement to swap at least 75% of its aggregate term debt to fixed rates under the terms of the Amended 2010 Credit Agreement.

(7) Fair Value Measurements:

The FASB Accounting Standards Codification (ASC) relating to fair value measurements emphasizes that fair value is a market-based measurement that should be determined based on assumptions (inputs) that market participants would use in pricing an asset or liability. Inputs may be observable or unobservable, and valuation techniques used to measure fair value should maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Accordingly, the FASB’s ASC establishes a hierarchal disclosure framework that ranks the quality and reliability of information used to determine fair values. The hierarchy is associated with the level of pricing observability utilized in measuring fair value and defines three levels of inputs to the fair value measurement process—quoted prices are the most reliable valuation inputs, whereas model values that include inputs based on unobservable data are the least reliable. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety.

The three broad levels of inputs defined by the fair value hierarchy are as follows:

• Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

• Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

15

The table below presents the balances of assets and liabilities measured at fair value as of March 31, 2013, December 31, 2012, and March 25, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 31, 2013
(In thousands)
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	(7,643		)	—		(7,643		)	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
March 25, 2012
Interest rate swap agreements (1)	$	(32,280	)	$	—	$	(32,280	)	$	—
Net derivative liability	$	(32,280	)	$	—	$	(32,280	)	$	—

(1) Designated as cash flow hedges and are included in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet

(2) Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet

Fair values of the interest rate swap agreements are determined using significant inputs, including the LIBOR forward curves, that are considered Level 2 observable market inputs. In addition, the Partnership considered the effect of its credit and non-performance risk on the fair values provided, and recognized an adjustment decreasing the net derivative liability by approximately $0.9 million as of March 31, 2013.

There were no assets measured at fair value on a non-recurring basis at March 31, 2013 or March 25, 2012, except for as described below.

At the end of the third quarter in 2012, the Partnership concluded based on operating results, as well as updated forecasts, and changes in market conditions, that a review of the carrying value of long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Based on Level 3 unobservable valuation assumptions and other market inputs, the assets were marked to a fair value of $19.8 million, resulting in an impairment charge of $25.0 million during the quarter.

The fair value of term debt at March 31, 2013 was approximately $637.1 million based on borrowing rates currently available to the Partnership on long-term debt with similar terms and average maturities. The fair value of the Partnership's notes at March 31, 2013 was approximately $950.1 million based on public trading levels as of that date. The fair value of the term debt was based on Level 2 inputs and the notes were based on Level 1 inputs.

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(8) Earnings per Unit:

Net income (loss) per limited partner unit is calculated based on the following unit amounts:

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013		3/25/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,854			55,378			55,694		55,353
Effect of dilutive units:
Unit options and restricted unit awards	—			—			63		2
Phantom units	—			—			299		492
Diluted weighted average units outstanding	55,854			55,378			56,056		55,847
Net income (loss) per unit - basic	$	(1.95	)	$	(1.18	)	$	1.04	$	1.53
Net income (loss) per unit - diluted	$	(1.95	)	$	(1.18	)	$	1.04	$	1.52

The effect of unit options on the three and twelve months ended March 31, 2013, had they not been out of the money or antidilutive, would have been zero and 16,000 units, respectively. The effect of out-of-the-money and/or antidilutive unit options on the three and twelve months ended March 25, 2012, had they not been out of the money or antidilutive, would have been 2,000, and 47,000 units, respectively.

(9) Income and Partnership Taxes:

Under the applicable accounting rules, income taxes are recognized for the amount of taxes payable by the Partnership’s corporate subsidiaries for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. The income tax provision (benefit) for interim periods is determined by applying an estimated annual effective tax rate to the quarterly income (loss) of the Partnership’s corporate subsidiaries. In addition to income taxes on its corporate subsidiaries, the Partnership pays a publicly traded partnership tax (PTP tax) on partnership-level gross income (net revenues less cost of food, merchandise and games). As such, the Partnership’s total provision (benefit) for taxes includes amounts for both the PTP tax and for income taxes on its corporate subsidiaries.

As of the first quarter of 2013 the Partnership has recorded $1.1 million of unrecognized tax benefits including interest and/or penalties related to state and local tax filing positions. The Partnership recognizes interest and/or penalties related to unrecognized tax benefits in the income tax provision. The Partnership does not anticipate that the balance of the unrecognized tax benefit will change significantly over the next 12 months.

(10) Contingencies:

The Partnership is a party to a number of lawsuits arising in the normal course of business. In the opinion of management, none of these matters is expected to have a material effect in the aggregate on the Partnership's financial statements.

(11) Restatement:

We have made two separate corrections relating to our use of the composite depreciation method.

• The first correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 3 and 12 month periods ended March 25, 2012, related to a misapplication of the composite depreciation method. Upon the normal retirement of an asset within a composite group, our practice generally had been to extend the depreciable life of that composite group beyond its original estimated useful life. In conjunction with the preparation of our financial statements in 2012, management determined that this methodology was not appropriate. As a result, we revised the useful lives of our composite groups to their original estimated useful life (ascribed upon acquisition) and corrected previously computed depreciation expense (and accumulated depreciation).

• The second correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 12 month period ended March 25, 2012, reflects a subsequent determination that a disposition from our composite group of assets was considered to be unusual. In certain situations under the composite method, disposals are considered unusual and, accordingly, losses are not included in the composite depreciation pool but are rather charged immediately to expense. In 2013, the Partnership's initial determination of whether a specific asset retired under the composite method of depreciation in 2011 was normal was reviewed in connection with responding

17

to an open SEC comment letter. We ultimately concluded that such disposition was unusual and that a $8.8 millioncharge should be reflected in the 2011 financial statements.

The tables below reflect the impact on the financial statements of the corrections as described above. The "As originally filed" amounts represent amounts as filed in the Partnership's 1st quarter 2012 Form 10-Q . The "As restated" amounts in all columns represent amounts after restatement for the first correction which was disclosed in the Partnership's 2nd quarter Form 10-Q and the second correction which was disclosed in the Partnership's 2012 Annual Report on Form 10-K/A filed on May 10, 2013.

Balance Sheet
(In thousands)	3/25/2012
Accumulated depreciation
As originally filed	$	(1,046,162	)
Corrections	(27,622		)
As restated	$	(1,073,784	)
Total assets
As originally filed	$	2,113,126
Corrections	(27,622		)
As restated	$	2,085,504
Deferred Tax Liability
As originally filed	$	135,746
Corrections	(5,019		)
As restated	$	130,727
Limited Partners' Equity
As originally filed	$	96,417
Corrections	(22,603		)
As restated	$	73,814

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Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Twelve months ended
	3/25/2012			3/25/2012
Depreciation and amortization
As originally filed	$	3,846		$	123,861
Corrections	233			2,031
As restated	$	4,079		$	125,892
Loss on impairment / retirement of fixed assets, net
As originally filed	$	92		$	2,461
Corrections	—			8,790
As restated	$	92		$	11,251
Income (loss) before tax
As originally filed	$	(86,721	)	$	101,565
Corrections	(233		)	(10,821		)
As restated	$	(86,954	)	$	90,744
Provision (benefit) for taxes
As originally filed	$	(21,539	)	$	9,897
Corrections	—			(3,960		)
As restated	$	(21,539	)	$	5,937
Net income (loss)
As originally filed	$	(65,182	)	$	91,668
Corrections	(233		)	(6,861		)
As restated	$	(65,415	)	$	84,807
Basic earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.66
Corrections	—			(0.13		)
As restated	$	(1.18	)	$	1.53
Diluted earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.64
Corrections	—			(0.12		)
As restated	$	(1.18	)	$	1.52

(12) Changes in Accumulated Other Comprehensive Income by Component:

The following tables reflect the changes in Accumulated other comprehensive income (loss) related to limited partners' equity for the period ended March 31, 2013:

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	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and
		Losses on			Foreign
		Cash Flow			Currency
		Hedges			Items			Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
	Other comprehensive
	income before
	reclassifications	1,940			301			301
	Amounts reclassified
	from accumulated
	other comprehensive
	income (2)	6,945			—			8,885
Net current-period other
comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details.

Reclassifications Out of Accumulated Other Comprehensive Income (1)
(In thousands)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges
Interest rate contracts	$	8,174		Net effect of swaps
	$	8,174		Total before tax
	(1,229		)	Provision (benefit) for taxes
	$	6,945		Net of tax

(1) Amounts in parentheses indicate debits.

(13) Consolidating Financial Information of Guarantors and Issuers:

Cedar Fair, L.P., Canada's Wonderland Company ("Cedar Canada"), and Magnum Management Corporation ("Magnum") are the co-issuers of the Partnership's 9.125% notes and the 5.25% notes (see Note 5). The notes have been fully and unconditionally guaranteed, on a joint and several basis, by each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum) that guarantees the Partnership's senior secured credit facilities. There are no non-guarantor subsidiaries.

The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of March 31, 2013, December 31, 2012, and March 25, 2012 and for the three and twelve month periods ended

20

March 31, 2013 and March 25, 2012. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, we have included the accompanying condensed consolidating financial statements.

Since Cedar Fair, L.P., Cedar Canada and Magnum are co-issuers of the notes and co-borrowers under the 2013 Credit Agreement, all outstanding debt has been equally reflected within each co-issuer's March 31, 2013, December 31, 2012 and March 25, 2012 balance sheets in the accompanying condensed consolidating financial statements.

The consolidating financial information has been corrected for the information described in Note 12.

21

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Intercompany Receivable	877,336		1,165,652		1,211,522		—		(3,254,510		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	116,777		246,999		26,104		372,301		(583,309		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		96,000		96,000		—		(192,000		)	96,000
Term debt	623,700		623,700		623,700		—		(1,247,400		)	623,700
Notes	901,255		901,255		901,255		—		(1,802,510		)	901,255
	1,620,955		1,620,955		1,620,955		—		(3,241,910		)	1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656

22

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	25,000	$	444	$	50,173	$	3,213	$	—		$	78,830
Receivables	4		101,093		71,099		498,555		(652,559		)	18,192
Inventories	—		1,724		2,352		23,764		—			27,840
Current deferred tax asset	—		3,705		816		3,663		—			8,184
Other current assets	563		17,858		530		5,490		(16,381		)	8,060
	25,567		124,824		124,970		534,685		(668,940		)	141,106
Property and Equipment (net)	439,506		1,013		268,157		835,596		—			1,544,272
Investment in Park	485,136		772,183		115,401		53,790		(1,426,510		)	—
Goodwill	9,061		—		125,942		111,218		—			246,221
Other Intangibles, net	—		—		17,835		22,817		—			40,652
Deferred Tax Asset	—		36,443		—		90		(36,533		)	—
Intercompany Receivable	877,612		1,070,125		1,116,623		—		(3,064,360		)	—
Other Assets	22,048		14,832		8,419		2,315		—			47,614
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	147,264	$	213,279	$	16,101	$	286,649	$	(652,559	)	$	10,734
Deferred revenue	—		—		4,996		34,489		—			39,485
Accrued interest	98		64		15,350		—		—			15,512
Accrued taxes	4,518		—		6,239		23,437		(16,381		)	17,813
Accrued salaries, wages and benefits	—		17,932		1,214		5,690		—			24,836
Self-insurance reserves	—		5,528		1,754		16,624		—			23,906
Other accrued liabilities	1,110		2,502		140		2,164		—			5,916
	152,990		239,305		45,794		369,053		(668,940		)	138,202
Deferred Tax Liability	—		—		63,460		126,865		(36,533		)	153,792
Derivative Liability	19,309		12,951		—		—		—			32,260
Other Liabilities	—		5,480		—		3,500		—			8,980
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	401,080		401,080		401,080		—		(802,160		)	401,080
	1,532,180		1,532,180		1,532,180		—		(3,064,360		)	1,532,180
Equity	154,451		229,504		135,913		1,061,093		(1,426,510		)	154,451
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865

23

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	397	$	119	$	6,803	$	—		$	7,319
Receivables	—		82,892		59,911		370,246		(506,356		)	6,693
Inventories	—		3,321		3,678		37,487		—			44,486
Current deferred tax asset	—		11,014		772		3,334		—			15,120
Other current assets	359		5,907		11,851		12,293		—			30,410
	359		103,531		76,331		430,163		(506,356		)	104,028
Property and Equipment (net)	464,394		1,035		279,255		896,184		—			1,640,868
Investment in Park	459,339		661,166		115,401		25,758		(1,261,664		)	—
Intercompany Note Receivable	—		104,165		—		—		(104,165		)	—
Goodwill	9,061		—		125,528		111,219		—			245,808
Other Intangibles, net	—		—		17,776		22,831		—			40,607
Deferred Tax Asset	—		47,646		—		—		(47,646		)	—
Intercompany Receivable	889,442		1,239,210		1,294,302		—		(3,422,954		)	—
Other Assets	26,323		16,288		9,608		1,974		—			54,193
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	15,921	$	15,921	$	15,921	$	—	$	(31,842	)	$	15,921
Accounts payable	60,297		232,001		26,302		215,968		(506,356		)	28,212
Deferred revenue	—		—		5,413		45,341		—			50,754
Accrued interest	3,089		1,706		5,519		—		—			10,314
Accrued taxes	4,925		340		261		3,294		—			8,820
Accrued salaries, wages and benefits	—		26,989		781		5,792		—			33,562
Self-insurance reserves	—		4,212		1,716		15,826		—			21,754
Other accrued liabilities	462		3,312		226		2,104		—			6,104
	84,694		284,481		56,139		288,325		(538,198		)	175,441
Deferred Tax Liability	—		—		58,762		119,611		(47,646		)	130,727
Derivative Liability	19,403		12,877		—		—		—			32,280
Other Liabilities	—		2,235		—		—		—			2,235
Intercompany Note Payable	—		—		—		104,165		(104,165		)	—
Long-Term Debt:
Revolving credit loans	155,004		155,004		155,004		—		(310,008		)	155,004
Term debt	1,140,179		1,140,179		1,140,179		—		(2,280,358		)	1,140,179
Notes	400,373		400,373		400,373		—		(800,746		)	400,373
	1,695,556		1,695,556		1,695,556		—		(3,391,112		)	1,695,556
Equity	49,265		177,892		107,744		976,028		(1,261,664		)	49,265
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504

24

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,317		$	8,371		$	289		$	41,510		$	(12,688	)	$	41,799
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			5,037			—			5,037
Operating expenses	1,423			21,606			5,941			60,375			(12,688		)	76,657
Selling, general and administrative	1,292			16,613			711			2,423			—			21,039
Depreciation and amortization	475			9			—			4,302			—			4,786
Loss on impairment / retirement of fixed assets, net	36			—			478			86			—			600
	3,226			38,228			7,130			72,223			(12,688		)	108,119
Operating income (loss)	1,091			(29,857		)	(6,841		)	(30,713		)	—			(66,320		)
Interest expense (income), net	10,512			7,677			9,764			(2,230		)	—			25,723
Net effect of swaps	5,635			3,576			—			—			—			9,211
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,958			—			—			8,958
Other (income) expense	188			(2,388		)	800			1,400			—			—
Loss from investment in affiliates	72,096			35,640			3,520			21,227			(132,483		)	—
Loss before taxes	(108,515		)	(87,143		)	(30,500		)	(51,110		)	132,483			(144,785		)
Provision (benefit) for taxes	611			(17,665		)	(9,254		)	(9,351		)	—			(35,659		)
Net loss	$	(109,126	)	$	(69,478	)	$	(21,246	)	$	(41,759	)	$	132,483		$	(109,126	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301			—			301			—			(301		)	301
Unrealized income on cash flow hedging derivatives	8,885			2,535			—			—			(2,535		)	8,885
Other comprehensive income, (net of tax)	9,186			2,535			301			—			(2,836		)	9,186
Total Comprehensive Loss	$	(99,940	)	$	(66,943	)	$	(20,945	)	$	(41,759	)	$	129,647		$	(99,940	)

25

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	1,456		$	2,577		$	266		$	27,932		$	(4,033	)	$	28,198
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			4,087			—			4,087
Operating expenses	1,335			20,436			5,657			47,890			(4,033		)	71,285
Selling, general and administrative	1,332			13,696			760			2,196			—			17,984
Depreciation and amortization	696			9			—			3,374			—			4,079
Loss on impairment / retirement of fixed assets, net	82			—			10			—			—			92
	3,445			34,141			6,427			57,547			(4,033		)	97,527
Operating loss	(1,989		)	(31,564		)	(6,161		)	(29,615		)	—			(69,329		)
Interest expense, net	11,158			6,615			10,403			(1,389		)	—			26,787
Net effect of swaps	173			332			(1,475		)	—			—			(970		)
Unrealized / realized foreign currency gain	—			—			(8,192		)	—			—			(8,192		)
Other (income) expense	187			(3,035		)	197			2,651			—			—
Loss from investment in affiliates	50,491			23,083			3,230			24,916			(101,720		)	—
Loss before taxes	(63,998		)	(58,559		)	(10,324		)	(55,793		)	101,720			(86,954		)
Provision (benefit) for taxes	1,417			(11,672		)	(2,334		)	(8,950		)	—			(21,539		)
Net loss	$	(65,415	)	$	(46,887	)	$	(7,990	)	$	(46,843	)	$	101,720		$	(65,415	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,169		)	—			(1,169		)	—			1,169			(1,169		)
Unrealized income on cash flow hedging derivatives	339			98			21			—			(119		)	339
Other comprehensive income (loss), (net of tax)	(830		)	98			(1,148		)	—			1,050			(830		)
Total Comprehensive Loss	$	(66,245	)	$	(46,789	)	$	(9,138	)	$	(46,843	)	$	102,770		$	(66,245	)

26

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,576		$	263,930		$	140,441		$	941,246		$	(412,138	)	$	1,082,055
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,316			85,682			—			95,998
Operating expenses	5,468			177,526			48,147			637,772			(412,138		)	456,775
Selling, general and administrative	6,455			89,532			11,086			34,293			—			141,366
Depreciation and amortization	37,439			40			18,199			71,335			—			127,013
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss on impairment / retirement of fixed assets, net	25,089			—			474			5,281			—			30,844
	74,451			267,098			88,222			827,738			(412,138		)	845,371
Operating income (loss)	74,125			(3,168		)	52,219			113,508			—			236,684
Interest (income) expense, net	47,879			30,390			40,231			(9,013		)	—			109,487
Net effect of swaps	5,324			3,365			—			—			—			8,689
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,152			—			—			8,152
Other (income) expense	750			(8,860		)	2,623			5,487			—			—
Income from investment in affiliates	(68,417		)	(53,593		)	(14,307		)	(18,503		)	154,820			—
Income before taxes	67,414			12,749			14,903			135,537			(154,820		)	75,783
Provision (benefit) for taxes	9,269			(15,849		)	(3,507		)	27,725			—			17,638
Net income	$	58,145		$	28,598		$	18,410		$	107,812		$	(154,820	)	$	58,145
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	1,839			—			1,839			—			(1,839		)	1,839
Unrealized income on cash flow hedging derivatives	8,685			2,551			—			—			(2,551		)	8,685
Other comprehensive income (loss), (net of tax)	10,524			2,551			1,839			—			(4,390		)	10,524
Total Comprehensive Income	$	68,669		$	31,149		$	20,249		$	107,812		$	(159,210	)	$	68,669

27

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Net revenues	$	140,548		$	249,988		$	126,375		$	903,046	$	(390,156	)	$	1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,932			82,100		—			92,032
Operating expenses	5,351			167,068			45,805			608,940		(390,156		)	437,008
Selling, general and administrative	7,963			83,355			11,151			35,026		—			137,495
Depreciation and amortization	37,309			45			17,325			71,213		—			125,892
Loss (gain) on impairment / retirement of fixed assets, net	876			—			(51		)	10,426		—			11,251
	51,499			250,468			84,162			807,705		(390,156		)	803,678
Operating income (loss)	89,049			(480		)	42,213			95,341		—			226,123
Interest expense, net	72,309			19,090			50,897			488		—			142,784
Net effect of swaps	(10,940		)	(243		)	(4,793		)	—		—			(15,976		)
Unrealized / realized foreign currency loss	—			—			8,605			—		—			8,605
Other (income) expense	716			(9,542		)	1,708			7,084		—			(34		)
(Income) loss from investment in affiliates	(67,272		)	(19,390		)	(2,601		)	16,074		73,189			—
Income (loss) before taxes	94,236			9,605			(11,603		)	71,695		(73,189		)	90,744
Provision (benefit) for taxes	9,429			(25,950		)	4,319			18,139		—			5,937
Net income (loss)	$	84,807		$	35,555		$	(15,922	)	$	53,556	$	(73,189	)	$	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,050			—			1,050			—		(1,050		)	1,050
Unrealized income (loss) on cash flow hedging derivatives	(7,958		)	(9,638		)	254			—		9,384			(7,958		)
Other comprehensive income (loss), (net of tax)	(6,908		)	(9,638		)	1,304			—		8,334			(6,908		)
Total Comprehensive Income (Loss)	$	77,899		$	25,917		$	(14,618	)	$	53,556	$	(64,855	)	$	77,899

28

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(117,670	)	$	(49,663	)	$	(42,030	)	$	(12,767	)	$	153,463		$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	65,636			58,171			(2,442		)	32,098			(153,463		)	—
Capital expenditures	(17,866		)	—			(600		)	(17,363		)	—			(35,829		)
Net cash from (for) investing activities	47,770			58,171			(3,042		)	14,735			(153,463		)	(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	96,000		$	—		$	—		$	—		$	—		$	96,000
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,763		)	(8,538		)	(190		)	—			—			(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)	(14,478		)	—			—			(1,131,100		)
Distributions (paid) received	(35,688		)	868			—			—			—			(34,820		)
Exercise of limited partnership unit options	—			28			—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(127		)	—			—			—			(127		)
Net cash from (for) financing activities	44,900			(8,220		)	(190		)	—			—			36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(786		)	—			—			(786		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(25,000		)	288			(46,048		)	1,968			—			(68,792		)
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

29

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(184,504	)	$	10,151		$	(37,239	)	$	(6,697	)	$	136,357		$	(81,932	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	62,103			60,369			2,208			11,677			(136,357		)	—
Capital expenditures	(8,374		)	—			(7,125		)	(11,969		)	—			(27,468		)
Net cash from (for) investing activities	53,729			60,369			(4,917		)	(292		)	(136,357		)	(27,468		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	153,000			—			2,004			—			—			155,004
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Intercompany (payments) receipts	—			(10,320		)	—			10,320			—			—
Distributions (paid) received	(22,225		)	74			—			—			—			(22,151		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Exercise of limited partnership unit options	—			48			—			—			—			48
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	130,775			(70,635		)	11,554			10,320			—			82,014
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(819		)	—			—			(819		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(115		)	(31,421		)	3,331			—			(28,205		)
Balance, beginning of period	—			512			31,540			3,472			—			35,524
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319

30

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	188,221		$	(37,475	)	$	16,546		$	135,165		$	(4,510	)	$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	43,043			(49,642		)	(2,479		)	4,568			4,510			—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash for investing activities	1,060			(49,650		)	(10,502		)	(32,622		)	4,510			(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	(57,000	)	$	—		$	(2,004	)	$	—		$	—		$	(59,004	)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt (payments) receipts	—			104,165			—			(104,165		)	—			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions (paid) received	(102,402		)	920			—			—			—			(101,482		)
Capital (contribution) infusion	—			—			—			—			—			—
Exercise of limited partnership unit options	—			57			—			—			—			57
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Excess tax benefit from unit-based compensation expense	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	87,460			(2,515		)	(104,165		)	—			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

31

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	113,654		$	(89,658	)	$	14,102		$	182,798		$	(367	)	$	220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(16,818		)	(6,588		)	1,126			21,913			367			—
Capital expenditures	(40,662		)	—			(22,440		)	(34,253		)	—			(97,355		)
Net cash from (for) investing activities	(57,480		)	(6,588		)	(21,314		)	(12,340		)	367			(97,355		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	31,000			—			(3,110		)	—			—			27,890
Intercompany term debt (payments) receipts	—			166,023			—			(166,023		)	—			—
Term debt payments, including early termination penalties	(13,831		)	(9,763		)	(306		)	—			—			(23,900		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(73,343		)	273			—			—			—			(73,070		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Payment of debt issuance costs	—			—			(723		)	—			—			(723		)
Exercise of limited partnership unit options	—			53			—			—			—			53
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	(56,174		)	96,149			5,411			(166,023		)	—			(120,637		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(2,473		)	—			—			(2,473		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(97		)	(4,274		)	4,435			—			64
Balance, beginning of period	—			494			4,393			2,368			—			7,255
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319

32

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Business Overview:

We generate our revenues primarily from sales of (1) admission to our parks, (2) food, merchandise and games inside our parks, and (3) hotel rooms, food and other attractions outside our parks. Our principal costs and expenses, which include salaries and wages, advertising, maintenance, operating supplies, utilities and insurance, are relatively fixed and do not vary significantly with attendance.

Each of our properties is run by a park general manager and operates autonomously. Management reviews operating results, evaluates performance and makes operating decisions, including the allocation of resources, on a property-by-property basis.

Aside from attendance and guest per capita statistics, discrete financial information and operating results are not prepared at the regional level, but rather at the individual park level for use by the CEO, who is the Chief Operating Decision Maker (CODM), as well as by the Chief Financial Officer, the Chief Operating Officer, the park general managers, and the Executive Vice President, Operations.

Critical Accounting Policies:

This management’s discussion and analysis of financial condition and results of operations is based upon our unaudited condensed consolidated financial statements, which were prepared in accordance with accounting principles generally accepted in the United States of America. These principles require us to make judgments, estimates and assumptions during the normal course of business that affect the amounts reported in the unaudited condensed consolidated financial statements. Actual results could differ significantly from those estimates under different assumptions and conditions.

Management believes that judgment and estimates related to the following critical accounting policies could materially affect our consolidated financial statements:

•Property and Equipment

•Impairment of Long-Lived Assets

•Goodwill and Other Intangible Assets

•Self-Insurance Reserves

•Derivative Financial Instruments

•Revenue Recognition

• Income Taxes

In the first quarter of 2013, there were no changes in the above critical accounting policies previously disclosed in our Annual Report on Form 10-K/A for the year ended December 31, 2012 except as noted below.

Change in Depreciation Method

Effective January 1, 2013, the Partnership changed its method of depreciation for the group of assets acquired as a whole in 1983, as well as for the groups of like assets of each subsequent business acquisition from the composite method to the unit method.

Historically, the Partnership had used the composite depreciation method for land improvements, buildings, rides and equipment for the group of assets acquired as a whole in 1983, as well as for the group of like assets of each subsequent business acquisition. The unit method was only used for all individual assets purchased. Under the composite depreciation method, assets with similar estimated lives are grouped together and the several pools of assets are depreciated on an aggregate basis. No gain or loss is recognized on normal retirements of composite assets. Instead, the net book value of a retired asset reduces accumulated depreciation for the composite group. Unusual retirements of composite assets could result in the recognition of a gain or loss. Under the unit method of depreciation, individual assets are depreciated over their estimated useful lives, with gains and losses on all asset retirements recognized currently in income.

In order to improve comparability and enhance the level of precision associated with allocating historical cost, the Partnership had determined that it was preferable to change from the composite method of depreciation to the unit method of depreciation for

33

all assets. The Partnership believes that pursuant to generally accepted accounting principles, changing from the composite method of depreciation to the unit method of depreciation is a change in accounting estimate that is effected by a change in accounting principle, which should be accounted for prospectively. This prospective application will result in the discontinuance of the composite method of depreciation for all prior acquisitions with the existing net book value of each composite pool allocated to the remaining individual assets (units) in that pool with each unit assigned an appropriate remaining useful life on an individual unit basis. Assigning a useful life to each unit in the various composite pools had an insignificant effect on the weighted average useful lives of all assets that were previously accounted for under the composite method.

The change in depreciation method had an immaterial impact on the Condensed Consolidated Financial Statements for the quarter ended March 31, 2013.Future asset retirements could have a material impact on the Condensed Consolidated Financial Statements in the periods such items occur.

Adjusted EBITDA:

We believe that Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization, other non-cash items, and adjustments as defined in the 2013 Credit Agreement) is a meaningful measure of park-level operating profitability because we use it for measuring returns on capital investments, evaluating potential acquisitions, determining awards under incentive compensation plans, and calculating compliance with certain loan covenants. Adjusted EBITDA is provided in the discussion of results of operations that follows as a supplemental measure of our operating results and is not intended to be a substitute for operating income, net income or cash flows from operating activities as defined under generally accepted accounting principles. In addition, Adjusted EBITDA may not be comparable to similarly titled measures of other companies.

The table below sets forth a reconciliation of Adjusted EBITDA to net income for the three- and twelve-month periods ended March 31, 2013 and March 25, 2012.

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013			3/25/2012
	(13 weeks)			(12 weeks)			(53 weeks)			(52 weeks)
	(In thousands)
Net income (loss)	$	(109,126	)	$	(65,415	)	$	58,145		$	84,807
Interest expense	25,763			26,803			109,579			142,876
Interest income	(40		)	(16		)	(92		)	(92		)
Provision (benefit) for taxes	(35,659		)	(21,539		)	17,638			5,937
Depreciation and amortization	4,786			4,079			127,013			125,892
EBITDA	(114,276		)	(56,088		)	312,283			359,420
Loss on early extinguishment of debt	34,573			—			34,573			—
Net effect of swaps	9,211			(970		)	8,689			(15,976		)
Unrealized foreign currency (gain) loss	8,881			(8,249		)	7,949			8,502
Non-cash equity expense	2,933			1,700			4,498			1,689
Loss on impairment/retirement of fixed assets, net	600			92			30,844			11,251
(Gain) on sale of other assets	—			—			(6,625		)	—
Terminated merger costs	—			—			—			230
Refinancing costs	—			—			—			(34		)
Other non-recurring items (as defined)	805			1,721			3,264			6,823
Adjusted EBITDA (1)	$	(57,273	)	$	(61,794	)	$	395,475		$	371,905
(1) As permitted by and defined in the 2013 Credit Agreement

34

Results of Operations:

Restatement -

We have made two separate corrections relating to our use of the composite depreciation method.

• The first correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 3 and 12 month periods ended March 25, 2012, related to a misapplication of the composite depreciation method. Upon the normal retirement of an asset within a composite group, our practice generally had been to extend the depreciable life of that composite group beyond its original estimated useful life. In conjunction with the preparation of our financial statements in 2012, management determined that this methodology was not appropriate. As a result, we revised the useful lives of our composite groups to their original estimated useful life (ascribed upon acquisition) and corrected previously computed depreciation expense (and accumulated depreciation).

• The second correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 12 month period ended March 25, 2012, reflects a subsequent determination that a disposition from our composite group of assets was considered to be unusual. In certain situations under the composite method, disposals are considered unusual and, accordingly, losses are not included in the composite depreciation pool but are rather charged immediately to expense. In 2013, the Partnership's initial determination of whether a specific asset retired under the composite method of depreciation in 2011 was normal was challenged by the SEC Staff. We ultimately concluded that such disposition was unusual and that a $8.8 millioncharge be reflected in the 2011 financial statements.

First Quarter -

Operating results for the first quarter historically include less than 5% of our full-year revenues and attendance. The results include normal off-season operating, maintenance and administrative expenses at our ten seasonal amusement parks and four outdoor water parks, as well as daily operations at Knott's Berry Farm, which is open year-round, and Castaway Bay, which is generally open daily from Memorial Day to Labor Day plus a limited daily schedule for the balance of the year.

The following table presents key financial information for the three months ended March 31, 2013 and March 25, 2012:

	Three months ended			Three months ended			Increase (Decrease)
	3/31/2013			3/25/2012			$		%
	(13 weeks)			(12 weeks)
				(As restated)
	(Amounts in thousands)
Net revenues	$	41,799		$	28,198		$	13,601	48.2	%
Operating costs and expenses	102,733			93,356			9,377		10.0	%
Depreciation and amortization	4,786			4,079			707		17.3	%
Loss on impairment / retirement of fixed assets	600			92			508		N/M
Operating loss	$	(66,320	)	$	(69,329	)	$	3,009	(4.3	)%
Other Data:
Adjusted EBITDA	$	(57,273	)	$	(61,794	)	$	4,521	(7.3	)%

For the quarter ended March 31, 2013, net revenues increased to $41.8 million from $28.2 million for the first quarter of 2012. The increase between periods was primarily due to the strong first-quarter performance in both attendance and per-capita spending at Knott's Berry Farm, our only year-round property, compared with the first quarter a year ago, as well as an extra week of operations due to the earlier timing of Easter in 2013 compared to 2012. At the end of the first quarter, only five of our 15 properties were in operation. The other parks, including our larger parks, Cedar Point and Kings Island located in Ohio and Canada's Wonderland in Toronto, were in the final stages of preparing to open for the 2013 operating season.

Operating costs and expenses for the quarter increased $9.3 million to $102.7 million from $93.4 million in 2012 and were in line with expectations. Operating results for the first quarter include normal off-season operating, maintenance and administrative

35

expenses at our seasonal amusement and water parks, and daily operations at Knott’s Berry Farm and Castaway Bay. The increase in first-quarter costs reflects a $5.4 million increase in operating expenses and a $2.3 million increase in selling, general and administrative ("SG&A") expenses. The cost of food, merchandise and games revenues for the period increased slightly due to sales volume increases at Knott's Berry Farm in the first quarter of 2013. The $5.4 million increase in operating expenses was due primarily to the extra week of operations in the first quarter of 2013 compared with 2012. For the quarter, labor costs increased $3.8 million, maintenance expense increased $2.2 million and operating supplies increased $0.9 million. These increases in operating costs were somewhat offset by a reduction in insurance expense due to a prior-year, non-recurring public liability claim at one of our parks. The $2.3 million increase in SG&A expenses was due primarily to increases in first-quarter advertising fees and full-time labor costs, largely related to full staffing levels.

Interest expense for the first quarter of 2013 was $25.8 million, representing a $1.0 million decrease compared to the first quarter of 2012. The decrease in interest expense was primarily due to the settlement of our Canadian swap in the first quarter of 2012.

During the first quarter of 2013, the net effect of our swaps decreased $10.2 million to a non-cash charge to earnings of $9.2 million, reflecting the regularly scheduled amortization of amounts in AOCI related to interest rate swaps, the write off of amounts in AOCI related to de-designated interest rate swaps, as well as gains from marking the ineffective and de-designated swaps to market. During the first quarter of 2013 we also recognized a $9.0 million charge to earnings for unrealized/realized foreign currency gains and losses, $8.9 million of which represents an unrealized foreign currency loss on the U.S.-dollar denominated debt held at our Canadian property. Due to our March 2013 refinancing, loan fees related to our 2010 and 2011 financings were written off, resulting in a $34.6 million charge to earnings in the period.

During the quarter, a benefit for taxes of $35.7 million was recorded to account for publicly traded partnership (PTP) taxes and the tax attributes of our corporate subsidiaries, compared to a benefit for taxes of $21.5 million in the same period a year ago. Actual cash taxes paid or payable are estimated to be between $14-$17 million for the 2013 calendar year.

After interest expense and the provision for taxes, net loss for the quarter totaled $109.1 million, or $1.95 per diluted limited partner unit, compared with net loss of $65.4 million, or $1.18 per diluted limited partner unit, for the first quarter a year ago. The larger net loss for the period is due to the loss on early debt extinguishment and a change in the unrealized/realized loss on foreign currency exchange, offset somewhat by the increased first-quarter revenues.

Twelve Months Ended March 31, 2013 -

The fiscal twelve-month period ended March 31, 2013, consisted of a 53-week period compared with 52 weeks for the fiscal twelve-month period ended March 25, 2012. Operating days were virtually identical, as the current period had only one additional operating day.

The following table presents key financial information for the twelve months ended March 31, 2013 and March 25, 2012:

	Twelve months ended			Twelve months ended			Increase (Decrease)
	3/31/2013			3/25/2012			$			%
	(53 weeks)			(52 weeks)
				(As restated)
	(Amounts in thousands)
Net revenues	$	1,082,055		$	1,029,801		$	52,254		5.1	%
Operating costs and expenses	694,139			666,535			27,604			4.1	%
Depreciation and amortization	127,013			125,892			1,121			0.9	%
(Gain) on sale of other assets	(6,625		)	—			(6,625		)	N/M
Loss on impairment/retirement of fixed assets	30,844			11,251			19,593			174.1	%
Operating income	$	236,684		$	226,123		$	10,561		4.7	%
N/M - Not meaningful
Other Data:
Adjusted EBITDA	$	395,475		$	371,905		$	23,570		6.3	%
Adjusted EBITDA margin	36.5		%	36.1		%	—			0.4	%

36

Net revenues totaled $1,082.1 million for the twelve months ended March 31, 2013, increasing $52.3 million, from $1,029.8 million for the trailing twelve months ended March 25, 2012. Revenues for the twelve-month period increased 5% on the strength of higher attendance and in-park guest per capita spending. In-park guest per capita spending represents the amount spent per attendee to gain admission to a park, plus all amounts spent while inside the park gates. The increase in per capita spending was largely due to the successful introduction of new premium benefit offerings and the positive impact of new customer messaging and dynamic pricing initiatives. Attendance increased year-over-year on virtually the same number of operating days as our season pass sales and visits increased during the comparable periods.

Meanwhile, out-of-park revenues, which represents the sale of hotel rooms, food, merchandise and other complementary activities located outside of the park gates, increased slightly in the comparable periods. The increase in net revenues for the twelve months ended March 31, 2013 also reflects the negative impact of currency exchange rates and the weakening U.S. dollar on our Canadian operations (approximately $4.5 million) during the period.

Operating costs and expenses increased $27.6 million, or 4%, to $694.1 million versus $666.5 million for 2012 and were in line with expectations. The increase in costs and expenses was the result of a $4.0 million increase in cost of goods sold, a $19.8 million increase in operating expenses, and a $3.9 increase in SG&A costs. The 4% increase in cost of goods sold is consistent with anticipated cost increases associated with our efforts to improve the quality of food and other product offerings at our parks. Operating expenses increased due to several factors, including higher employment-related costs, higher operating supply costs, and higher self-insurance expenses. Employment-related costs increased approximately $12.6 million due to normal merit increases, increases in health-related benefit costs, additional staffing levels associated with new premium benefit offerings and other initiatives aimed at improving the overall guest experience, and non-recurring severance payments. Operating supplies and expenses increased approximately $5.3 million due primarily to initiatives to expand or enhance live entertainment at the parks, as well as incremental costs associated with our e-commerce platform and higher attendance. These increases in operating costs were somewhat offset by a reduction in insurance expense due to a prior-year (first quarter of 2012), non-recurring public liability claim at one of our parks.

The increase in SG&A costs was due to an increase in employment-related costs ($4.5 million), operating supplies ($3.8 million), and agency advertising fees ($2.7 million), offset by decreases in professional and administrative costs ($5.9 million). The increase in employment costs was primarily the result of higher wages and benefits due to normal merit increases and full-staffing levels. Increases in operating supplies and advertising fees were due to the earlier timing of Easter, as well as incremental costs to support operating initiatives including general infrastructure improvements. Professional and administrative fees decreased primarily due to a reduction in litigation expenses and costs for SEC compliance matters related to Special Meeting requests. The overall increase in costs and expenses also reflects the positive impact of exchange rates on our Canadian operations ($1.2 million) during the period.

Loss on impairment/retirement of fixed assets, net, during the period totaled $30.8 million, which reflects a non-cash charge of $25.0 million for the partial impairment of operating and non-operating assets at Wildwater Kingdom along with losses on other retirements. During the twelve-month period ended March 31, 2013, two non-core assets were sold at gains totaling $6.6 million. During the twelve-month period ended March 25, 2012, a charge of $11.3 million for the retirement of fixed assets was recorded which includes the retirement of the asset as described in Note 11 to the financial statements.

Depreciation and amortization expense for the period increased $1.1 million compared with the prior period due primarily to an increase in capital expenditures for the 2012 season. After depreciation and amortization, as well as impairment charges and all other non-cash costs, operating income for the current period increased $10.6 million to $236.7 million from $226.1 million.

Interest expense for the twelve months ended March 31, 2013 decreased $33.3 million to $109.6 million, from $142.9 million for the same twelve-month period a year ago. The reduction in interest expense was primarily attributable to an approximate 300 basis point (bps) decline in our effective interest rate, the result of lower fixed rates on London InterBank Offered Rate (LIBOR) within our interest-rate swap contracts. Additionally during the current period, $25.0 million of term debt principal payments were made, reducing our average debt outstanding.

During the current period, the net effect of our interest rate swaps was recorded as a charge to earnings of $8.7 million compared to a benefit to earnings of $16.0 million in prior period. The difference reflects the regularly scheduled amortization of amounts in AOCI related to the swaps and the write off of AOCI amounts related to de-designated interest rate swaps, which were offset by gains from marking the ineffective and de-designated swaps to market and foreign currency gains related to the U.S.-dollar denominated Canadian term loan in the current period. During the current period, we also recognized a $8.2 million charge to earnings for unrealized/realized foreign currency losses, which included a $7.9 million unrealized foreign currency loss on the U.S.-dollar denominated debt held at our Canadian property. Due to our March 2013 refinancing, loan fees that were paid as part

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of our 2010 and 2011 financings were written off, resulting in a $34.6 million non-cash charge to earnings recorded in "Loss on early debt extinguishment" on the consolidated statement of operations.

A provision for taxes of $17.6 million was recorded in the period for the tax attributes of our corporate subsidiaries and publicly traded partnership (PTP) taxes. This compares with a provision for taxes of $5.9 million in period ended March 25, 2012 for the tax attributes of our corporate subsidiaries and PTP taxes.

After interest expense and provision for taxes, net income for the period totaled $58.1 million, or $1.04 per diluted limited partner unit, compared with net income of $84.8 million, or $1.52 per unit, a year ago.

We believe Adjusted EBITDA is a meaningful measure of our operating results (for additional information regarding Adjusted EBITDA, including how we define and use Adjusted EBITDA, as well as a reconciliation from net income, see Note 6 in Item 6, “Selected Financial Data,” on pages 15-16). For the twelve-month period ended March 31, 2013, Adjusted EBITDA increased $23.6 million, or 6%, to $395.5 million. Over this same period, our Adjusted EBITDA margin (Adjusted EBITDA divided by net revenues) increased 40 bps to 36.5% from 36.1% for the twelve-month period ended March 25, 2012. The increase in Adjusted EBITDA was primarily due to the increase in revenues resulting from the successful introduction of our new premium benefit offerings and dynamic pricing initiatives, as well as the successful expansion of our season pass base.

Liquidity and Capital Resources:

With respect to both liquidity and cash flow, we ended the first quarter of 2013 in sound condition. The negative working capital ratio (current liabilities divided by current assets) of 1.4 at March 31, 2013 reflects the impact of our seasonal business. Cash, receivables and inventories are at normal seasonal levels and credit facilities are in place to fund current liabilities.

In July 2010, we issued $405 million of 9.125% senior unsecured notes, maturing in 2018, in a private placement, including $5.6 million of Original Issue Discount (OID) to yield 9.375%. Concurrently with this offering, we entered into a new $1,435 million credit agreement (the "2010 Credit Agreement"), which included a $1,175 million senior secured term loan facility and a $260 million senior secured revolving credit facility. The net proceeds from the offering of the notes, along with borrowings under the 2010 Credit Agreement, were used to repay in full all amounts outstanding under our previous credit facilities.

In February 2011, we amended the 2010 Credit Agreement (as so amended, the "Amended 2010 Credit Agreement") and extended the maturity date of the U.S. term loan portion of the credit facilities by one year. Under the Amended 2010 Credit Agreement, the extended U.S. term loan was scheduled to mature in December of 2017 and bore interest at a rate of LIBOR plus 300 bps, with a LIBOR floor of 100 bps.

The Amended 2010 Credit Agreement also included a $260 million revolving credit facility. Under the agreement, the Canadian portion of the revolving credit facility has a limit of $15 million. U.S. denominated loans made under the revolving credit facility bear interest at a rate of LIBOR plus 400 bps (with no LIBOR floor). Canadian denominated loans made under the Canadian portion of the facility also bear interest at a rate of LIBOR plus 400 bps (with no LIBOR floor). The revolving credit facility, was scheduled to mature in July of 2015, also provided for the issuance of documentary and standby letters of credit.

In March 2013,we issued $500 million of 5.25% senior unsecured notes, maturing in 2021, in a private placement, with no OID. Concurrently with this offering, we entered into a new $885 million credit agreement (the "2013 Credit Agreement"), which included a $630 million senior secured term loan facility and a $255 million senior secured revolving credit facility. The terms of the senior secured term loan facility include a maturity date of March 15, 2020 and an interest rate of LIBOR plus 250 bps with a LIBOR floor of 75 bps. The term loan amortizes at $6.3 million annually. The net proceeds from the notes and borrowings under the 2013 Credit Agreement were used to repay in full all amounts outstanding under the previous credit facilities. The facilities provided under the 2013 Credit Agreement are collateralized by substantially all of the assets of the Partnership.

Terms of the 2013 Credit Agreement include a revolving credit facility of a combined $255 million. Under the 2013 Credit Agreement, the Canadian portion of the revolving credit facility has a limit of $15 million. U.S. denominated and Canadian denominated loans made under the revolving credit facility bear interest at a rate of LIBOR plus 225 bps (with no LIBOR floor). The revolving credit facility is scheduled to mature in March 2018 and also provides for the issuance of documentary and standby letters of credit. The 2013 Credit Agreement requires the Partnership to pay a commitment fee of 50 bps per annum on the unused portion of the credit facilities.

At the end of the quarter, we had a total of $630.0 million of variable-rate term debt (before giving consideration to fixed-rate interest rate swaps), $901.3 million of fixed-rate debt (including OID), $96.0 million outstanding borrowings under our revolving

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credit facility, and cash on hand of $10.0 million. After letters of credit, which totaled $16.4 million at March 31, 2013, we had $142.6 million of available borrowings under the revolving credit facility under the 2013 Credit Agreement.

Our $405 million of senior unsecured notes require semi-annual interest payments in February and August, with the principal due in full on August 1, 2018. The notes may be redeemed, in whole or in part, at any time prior to August 1, 2014 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to August 1, 2013, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 109.125%. Our $500 million of senior unsecured notes pay interest semi-annually in March and September, with the principal due in full on March 15, 2021. The notes may be redeemed, in whole or in part, at any time prior to March 15, 2016 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to March 15, 2016, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 105.25%.

In order to maintain fixed interest costs on a portion of our domestic term debt, in September 2010 we entered into several forward-starting swap agreements ("September 2010 swaps") to effectively convert a total of $600 million of variable-rate debt to fixed rates beginning in October 2011. As a result of the February 2011 amendment to the 2010 Credit Agreement, the LIBOR floor on the term loan portion of its credit facilities decreased to 100 bps from 150 bps, causing a mismatch in critical terms of the September 2010 swaps and the underlying debt. Because of the mismatch of critical terms, we determined the September 2010 swaps, which were originally designated as cash flow hedges, were no longer highly effective, resulting in the de-designation of the swaps as of the end of February 2011. As a result of this ineffectiveness, gains of $7.2 million recorded in AOCI through the date of de-designation are being amortized through December 2015.

In March 2011, we entered into several additional forward-starting basis-rate swap agreements ("March 2011 swaps") that, when combined with the September 2010 swaps, effectively converted $600 million of variable-rate debt to fixed rates beginning in October 2011. The September 2010 swaps and the March 2011 swaps, were jointly designated as cash flow hedges, maturing in December 2015 and had fixed LIBOR at a weighted average rate of 2.46%. For the period that the September 2010 swaps were de-designated, their fair value decreased by $3.3 million, the offset of which was recognized as a direct charge to earnings and recorded to “Net effect of swaps” on the consolidated statement of operations along with the regular amortization of “Other comprehensive income (loss)” balances related to these swaps. No other ineffectiveness related to these swaps was recorded in any period presented.

In May 2011, we entered into four additional forward-starting basis-rate swap agreements ("May 2011 swaps") that effectively converted another $200 million of variable-rate debt to fixed rates beginning in October 2011. These swaps, which were designated as cash flow hedges, mature in December 2015 and fixed LIBOR at a weighted average rate of 2.54%.

As a result of the 2013 Credit Agreement, the previously described swaps were de-designated as the spreads of the 2013 Credit Agreement decreased to 75 bps from 100 bps in the Amended 2010 Credit Agreement. The May 2011 swaps remain de-designated as the amount of variable rate debt decreased to $630 million, and accordingly, the May 2011 swaps are now over hedged. On March 4, 2013, we entered into several forward-starting swap agreements ("March 2013 swaps") that were not designated as a cash flow hedge on that date. On March 6, 2013, the March 2013 swaps were combined with the September 2010 swaps and the March 2011 swaps, and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The September 2010 swaps, the March 2011 swaps, and the March 2013 swaps were jointly designated as cash flow hedges, mature in December 2015 and fix LIBOR at a weighted average rate of 2.331%. At the time of the de-designation, the fair market value of the September 2010 swaps, March 2011 swaps, and March 2013 swaps was $23.8 million, which will be amortized out of AOCI into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive incomethrough December 2015. At the time of the de-designation, the fair market value of the May 2011 swaps was $7.8 million and was immediately recognized into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations.

At March 31, 2013, the fair market value of the September 2010 swaps, the March 2011 swaps and the March 2013 swaps was a liability of $23.4 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet. The May 2011 swaps had a fair market value of $7.6 million as of March 31, 2013 and was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

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The following table presents our September 2010 swaps, March 2011 swaps, May 2011 swaps, and March 2013 swaps which mature December 15, 2015, along with their notional amounts and their fixed interest rates.

	Interest Rate Swaps
($'s in thousands)	Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments
	Notional Amounts		LIBOR Rate		Notional Amounts		LIBOR Rate
	$	200,000	2.27	%	50,000		2.54	%
	75,000		2.30	%	30,000		2.54	%
	50,000		2.29	%	70,000		2.54	%
	150,000		2.43	%	50,000		2.54	%
	50,000		2.29	%
	50,000		2.47	%
	25,000		2.30	%
Total $'s / Average Rate	$	600,000	2.33	%	$	200,000	2.54	%

The 2013 Credit Agreement requires us to maintain specified financial ratios, which if breached for any reason, including a decline in operating results due to economic or weather conditions, could result in an event of default under the agreement. The most critical of these ratios is the Consolidated Leverage Ratio, which is measured on a trailing-twelve-month quarterly basis. At the end of the first quarter of 2013, this ratio was set at 6.25x consolidated total debt (excluding the revolving debt)-to-consolidated EBITDA. The ratio will remain at that level through the end of the first quarter in 2014 and will decrease each second quarter beginning in the second quarter of 2014. Based on our trailing-twelve-month results ending March 31, 2013, our Consolidated Leverage Ratio was 3.89x, providing $148.2 million of EBITDA cushion on the ratio at the end of the first quarter. We were in compliance with all other covenants under the 2013 Credit Agreement as of March 31, 2013.

The 2013 Credit Agreement allows restricted payments of up to $60 million so long as no default or event of default has occurred and is continuing. Additional restricted payments are allowed to be made based on an excess-cash-flow formula, should our pro-forma Consolidated Leverage Ratio be less than or equal to 5.0x, measured on a trailing-twelve-month quarterly basis.

At March 31, 2013, the notes maturing in 2018 have more restrictive covenants than the 2021 notes. The terms of the indenture governing our 2018 notes permit us to make restricted payments of $20 million annually. Our ability to make additional restricted payments in 2013 and beyond is permitted should our trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x, measured on a quarterly basis.

In accordance with these debt provisions, on February 27, 2013, we announced the declaration of a distribution of $0.625 per limited partner unit, which was paid on March 25, 2013, and on May 8, 2013 we announced the declaration of a distribution of $0.625 per limited partner unit, payable June 17, 2013.

Existing credit facilities and cash flows from operations are expected to be sufficient to meet working capital needs, debt service, partnership distributions and planned capital expenditures for the foreseeable future.

Off Balance Sheet Arrangements:

We had $16.4 million in letters of credit, which are primarily in place to backstop insurance arrangements, outstanding on our revolving credit facility as of March 31, 2013. We have no other significant off-balance sheet financing arrangements.

Forward Looking Statements

Some of the statements contained in this report (including the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section) that are not historical in nature are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements as to our expectations, beliefs and strategies regarding the future. These forward-looking statements may involve risks and uncertainties that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can

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give no assurance that such expectations will prove to be correct. Important factors, including those listed under Item 1A in the Company’s Annual Report on Form 10-K, could adversely affect our future financial performance and cause actual results to differ materially from our expectations.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to market risks from fluctuations in interest rates, and to a lesser extent on currency exchange rates on our operations in Canada and, from time to time, on imported rides and equipment. The objective of our financial risk management is to reduce the potential negative impact of interest rate and foreign currency exchange rate fluctuations to acceptable levels. We do not acquire market risk sensitive instruments for trading purposes.

We manage interest rate risk through the use of a combination of fixed-rate long-term debt, interest rate swaps that fix a portion of our variable-rate long-term debt, and variable-rate borrowings under our revolving credit facility. Translation exposures with regard to our Canadian operations are not hedged.

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the change in fair value of the derivative instrument is reported as a component of “Other comprehensive income (loss)” and reclassified into earnings in the period during which the hedged transaction affects earnings. Changes in fair value of derivative instruments that do not qualify as effective hedging activities are reported as “Net effect of swaps” in the consolidated statement of operations. Additionally, the “Other comprehensive income (loss)” related to interest rate swaps that become ineffective is amortized over the remaining life of the interest rate swap, and reported as a component of “Net effect of swaps” in the consolidated statement of operations.

As of March 31, 2013, we had $901.3 million of fixed-rate senior unsecured notes and $630 million of variable-rate term debt. After considering the impact of interest rate swap agreements, virtually all of our outstanding long-term debt represents fixed-rate debt. Assuming an average balance on our revolving credit borrowings of approximately $50 million, a hypothetical 100 bps increase in 30-day LIBOR on our variable-rate debt, after the fixed-rate swap agreements, would lead to a decrease of approximately $0.5 million in annual cash interest costs.

A uniform 10% strengthening of the U.S. dollar relative to the Canadian dollar would result in a $4.4 million decrease in annual operating income.

ITEM 4. CONTROLS AND PROCEDURES

(a)Evaluation of Disclosure Controls and Procedures - 

The Partnership maintains a system of controls and procedures designed to ensure that information required to be disclosed by the Partnership in its reports under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified by the Commission and that such information is accumulated and communicated to the Partnership’s management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. As of March 31, 2013, the Partnership's management has evaluated the effectiveness of the design and operation of the Partnership's disclosure controls and procedures under supervision of management, and with the participation of the Partnership's Chief Executive Officer and Chief Financial Officer. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Partnership's disclosure controls and procedures were effective as of March 31, 2013.

(b)Changes in Internal Control Over Financial Reporting -

As disclosed in Amendment No. 2 to the Partnership's Form 10-K/A for the fiscal year ended December 31, 2012, in connection with restating the Partnership's consolidated financial statements therein, management identified a material weakness in internal control over financial reporting related to the Partnership's fixed assets, resulting in a conclusion that the Partnership's internal control over financial reporting was not effective as of December 31, 2012. Remediation of this material weakness in internal control over financial reporting was accomplished through the conversion of all composite assets to the unit method of depreciation as of January 1, 2013. The conversion to the unit method eliminates the concept of normal vs. unusual as any and all asset retirements with a remaining net book value will be reflected in the Consolidated Statements of Operations and Comprehensive Income.

There were no other changes in the Partnership’s internal control over financial reporting that occurred during the fiscal quarter ended March 31, 2013 that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

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PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Jacob T. Falfas vs. Cedar Fair, L.P.

On July 23, 2010, Jacob T. (Jack) Falfas, the former Chief Operating Officer, filed a demand for private arbitration as provided by his employment agreement. In that demand, Mr. Falfas disputed the Partnership's position that he had resigned in June 2010, alleging instead that his employment with the Partnership was terminated without cause. That dispute went to private arbitration, and on February 28, 2011, an arbitration panel ruled 2-to-1 in favor of Mr. Falfas finding that he did not resign but was terminated without cause. Rather than fashioning a remedy consistent with the employment agreement, the panel ruled that Mr. Falfas should be reinstated. The Partnership believed that the arbitrators exceeded their authority by creating a remedy not legally available to Mr. Falfas under his contract with Cedar Fair. On March 21, 2011, the Partnership filed an action  in Erie County Court of Common Pleas (Case No. 2011 CV 0217) seeking  to have the award modified or vacated. On March 22, 2011, Mr. Falfas commenced a related action in the Erie County Court of Common Pleas  (Case No. 2011 CV 0218) demanding enforcement of the arbitration ruling.  The two actions were combined into Case No. 2011 CV 0217, before Judge Roger E. Binette. On February 22, 2012 the Erie County Common Pleas Court issued a ruling partially vacating the arbitration award and declaring that Mr. Falfas was not entitled to reinstatement of his employment.  The ruling also provided that in accord with paragraph 2 of the arbitration award Mr. Falfas was entitled to certain back pay and other benefits under his 2007 Amended and Restated Employment Agreement as if the employment relationship had not been severed. In March of 2012 Mr. Falfas and the Company both filed appeals of the Court's ruling with the Ohio Sixth District Court of Appeals in Toledo, Ohio. On April 19, 2013 the Court of Appeals issued a ruling reversing the Erie County Common Pleas Court's  order regarding the reinstatement of Mr. Falfas' employment and  affirming the order regarding back pay and other benefits and remanding the case back to the Erie County Common Pleas Court for further proceedings.  The Company has until June 3, 2013 to file a notice of appeal with the Ohio Supreme Court.  The Partnership believes the liability recorded as of March 31, 2013 to be adequate and does not expect the arbitration ruling or the court order to materially affect its financial results in future periods.

ITEM 1A. RISK FACTORS

There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012.

ITEM 5. OTHER INFORMATION

On May 8, 2013, the Partnership announced that it had identified a historical classification error in the Partnership's initial determination of whether a specific asset retired under the composite method of depreciation was normal or unusual. The error resulted in the overstatement of Income before taxes of $8.8 million for the period ended December 31, 2011.

Under the composite method of depreciation, no gain or loss is recognized on normal retirements of composite assets. Instead the net book value after salvage of a retired asset reduces accumulated depreciation for the composite group. Abnormal or unusual retirements of composite assets would result in the recognition of a gain or loss. The error resulted in the Partnership's application of its qualitative policy used to determine whether an asset retirement is normal or unusual. The asset retirement being restated was originally classified as normal, thus reducing accumulated depreciation. Management identified that the Partnership had failed to consider whether the specific asset had a substantial net book value and/or if the retirement caused a deviation from the estimated composite depreciation survivor curve as well as other minor qualitative issues.

The restatement amount of $8.8 million is recorded in Loss on impairment / retirement of fixed assets, net in the Annual Report on Form 10-K/A filing to correct the previous error.

As disclosed in the Partnership's prior filings, the Partnership had determined that it was preferable to change from the composite method of depreciation to the unit method of depreciation with the change effective January 1, 2013. The Partnership believes that pursuant to generally accepted accounting principles, changing from the composite method of depreciation to the unit method of depreciation is a change in accounting estimate that is effected by a change in accounting principle, which should be accounted for prospectively. The change to the unit method of depreciation eliminates the qualitative judgment needed to determine whether an asset retirement is normal or unusual, as the net book value of all retirements will be recorded in the Consolidated Statements of Operations and Comprehensive Income.

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ITEM 6. EXHIBITS

Exhibit (4.1)	Rights Agreement between Cedar Fair, L.P. and American Stock Transfer and Trust Co., LLC, dated April 5, 2010. Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on April 6, 2010.
Exhibit (4.2)	Indenture, by and among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein, and The Bank of New York Mellon, as trustee, dated as of July 29, 2010 (including form of 9.125% Senior Notes due 2018). Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on July 29, 2010.
Exhibit (4.3)	Registration Rights Agreement, among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein, and J.P. Morgan Securities Inc., as representative of the initial purchasers named therein, dated July 29, 2010. Incorporated herein by reference to Exhibit 4.2 to the Registrant's Form 8-K filed on July 29, 2010.
Exhibit (10.1)	Cedar Fair, L.P. Amended and Restated Executive Severance Plan dated July 18, 2007. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q (File No. 001-09444) filed on August 3, 2007.
Exhibit (31.1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit (31.2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit (32)	Certifications Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Exhibit (101)	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 formatted in Extensible Business Reporting Language (XBRL): (i) The Condensed Consolidated Statements of Income, (ii) the Condensed Consolidated Balance Sheets, (iii) The Condensed Consolidated Statements of Cash Flow, (iv) the Condensed Consolidated Statement of Equity and, (v) related notes

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		CEDAR FAIR, L.P.
		(Registrant)
		By Cedar Fair Management, Inc.
		General Partner
Date:	May 10, 2013	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer
Date:	May 10, 2013	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and
		Chief Financial Officer

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INDEX TO EXHIBITS

Exhibit (4.1)	Rights Agreement between Cedar Fair, L.P. and American Stock Transfer and Trust Co., LLC, dated April 5, 2010. Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on April 6, 2010.
Exhibit (4.2)	Indenture, by and among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein, and The Bank of New York Mellon, as trustee, dated as of July 29, 2010 (including form of 9.125% Senior Notes due 2018). Incorporated herein by reference to Exhibit 4.1 to the Registrant's Form 8-K filed on July 29, 2010.
Exhibit (4.3)	Registration Rights Agreement, among Cedar Fair, L.P., Canada's Wonderland Company, and Magnum Management Corporation, as issuers, the guarantors named therein, and J.P. Morgan Securities Inc., as representative of the initial purchasers named therein, dated July 29, 2010. Incorporated herein by reference to Exhibit 4.2 to the Registrant's Form 8-K filed on July 29, 2010.
Exhibit (10.1)	Cedar Fair, L.P. Amended and Restated Executive Severance Plan dated July 18, 2007. Incorporated herein by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q (File No. 001-09444) filed on August 3, 2007.
Exhibit (31.1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit (31.2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Exhibit (32)	Certifications Pursuant to 18 U.S.C. 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Exhibit (101)	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013 formatted in Extensible Business Reporting Language (XBRL): (i) The Condensed Consolidated Statements of Income, (ii) the Condensed Consolidated Balance Sheets, (iii) The Condensed Consolidated Statements of Cash Flow, (iv) the Condensed Consolidated Statement of Equity and, (v) related notes

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EX-31.1

Exhibit 31.1

CERTIFICATION

I, Matthew A. Ouimet, certify that:

1) I have reviewed this quarterly report on Form 10-Q of Cedar Fair, L.P.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5) The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 10, 2013	/s/ Matthew A. Ouimet
		Matthew A. Ouimet
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Brian C. Witherow, certify that:

1) I have reviewed this quarterly report on Form 10-Q of Cedar Fair, L.P.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5) The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	May 10, 2013	/s/ Brian C. Witherow
		Brian C. Witherow
		Executive Vice President and Chief Financial Officer

EX-32

Exhibit 32

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Cedar Fair, L.P. (the “Partnership”) on Form 10-Q for the period ending March 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Partnership certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Partnership.

May 10, 2013

/s/ Matthew A. Ouimet

Matthew A. Ouimet

President and Chief Executive Officer

/s/ Brian C. Witherow

Brian C. Witherow

Executive Vice President and

Chief Financial Officer

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.

XML

Income and Partnership Taxes Unrecognized Tax Position (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Income Tax Expense (Benefit) [Abstract]
Unrecognized tax benefit	$ 1.1

XML

Changes in Accumulated Other Comprehensive Income by Component Reclassifications Out of AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ 9,211	$ (970)	$ 8,689	$ (15,976)
Income (loss) before taxes	(144,785)	(86,954)	75,783	90,744
Provision (benefit) for taxes	(35,659)	(21,539)	17,638	5,937
Net income (loss)	(109,126)	(65,415)	58,145	84,807
Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income (loss) before taxes	8,174
Provision (benefit) for taxes	(1,229)
Net income (loss)	6,945
Interest Rate Contracts [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net effect of swaps	$ (8,174)

XML

Consolidating Financial Information of Guarantors and Issuers Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 26, 2012	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012	Sep. 25, 2011
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		$ (68,667)	$ (81,932)	$ 297,947	$ 220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		0	0	0	0
Sale of other assets		0	0	16,058	0
Capital expenditures		(35,829)	(27,468)	(103,262)	(97,355)
Net cash for investing activities		(35,829)	(27,468)	(87,204)	(97,355)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		96,000	155,004	(59,004)	27,890
Term debt borrowings		630,000	0	630,000	0
Note borrowings		500,000	0	500,000	0
Derivative settlement	(50,450)	0	(50,450)	0	(50,450)
Repayments of Long-term Debt		1,131,100	0	1,156,100	23,900
Intercompany term debt (payments) receipts			0	0	0
Distributions (paid) received		(34,820)	(22,151)	(101,482)	(73,070)
Capital (contribution) infusion			0	0	0
Payments of Debt Issuance Costs		23,491	0	23,491	723
Exercise of limited partnership unit options		28	48	57	53
Excess tax benefit from unit-based compensation		(127)	(437)	1,519	(437)
Net cash from (for) financing activities		36,490	82,014	(208,501)	(120,637)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(786)	(819)	477	(2,473)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		(68,792)	(28,205)	2,719	64
Balance, beginning of period		78,830	35,524	7,319	7,255	7,319
Balance, end of period		10,038	7,319	10,038	7,319	7,319
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		(117,670)	(184,504)	188,221	113,654
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		65,636	62,103	43,043	(16,818)
Sale of other assets				1,173
Capital expenditures		(17,866)	(8,374)	(43,156)	(40,662)
Net cash for investing activities		47,770	53,729	1,060	(57,480)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		96,000	153,000	(57,000)	31,000
Term debt borrowings		359,022	0	359,022
Note borrowings		294,897		294,897
Derivative settlement			0	0	0
Repayments of Long-term Debt		654,568		669,035	13,831
Intercompany term debt (payments) receipts			0	0	0
Distributions (paid) received		(35,688)	(22,225)	(102,402)	(73,343)
Capital (contribution) infusion				0	0
Payments of Debt Issuance Costs		14,763		14,763	0
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash from (for) financing activities		44,900	130,775	(189,281)	(56,174)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		(25,000)	0	0	0
Balance, beginning of period		25,000	0	0	0
Balance, end of period		0	0	0	0
Co-Issuer Subsidiary (Magnum) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		(49,663)	10,151	(37,475)	(89,658)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		58,171	60,369	(49,642)	(6,588)
Sale of other assets				0
Capital expenditures		0	0	(8)	0
Net cash for investing activities		58,171	60,369	(49,650)	(6,588)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		0	0	0	0
Term debt borrowings		256,500	(60,000)	256,500
Note borrowings		205,103		205,103
Derivative settlement			0	0	0
Repayments of Long-term Debt		462,054		472,267	9,763
Intercompany term debt (payments) receipts			(10,320)	104,165	166,023
Distributions (paid) received		868	74	920	273
Capital (contribution) infusion				0	(60,000)
Payments of Debt Issuance Costs		8,538		8,537	0
Exercise of limited partnership unit options		28	48	57	53
Excess tax benefit from unit-based compensation		(127)	(437)	1,519	(437)
Net cash from (for) financing activities		(8,220)	(70,635)	87,460	96,149
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		288	(115)	335	(97)
Balance, beginning of period		444	512	397	494
Balance, end of period		732	397	732	397
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		(42,030)	(37,239)	16,546	14,102
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(2,442)	2,208	(2,479)	1,126
Sale of other assets				0
Capital expenditures		(600)	(7,125)	(8,023)	(22,440)
Net cash for investing activities		(3,042)	(4,917)	(10,502)	(21,314)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		0	2,004	(2,004)	(3,110)
Term debt borrowings		14,478	60,000	14,478
Note borrowings		0		0
Derivative settlement			(50,450)	0	(50,450)
Repayments of Long-term Debt		14,478		14,798	306
Intercompany term debt (payments) receipts			0	0	0
Distributions (paid) received		0	0	0	0
Capital (contribution) infusion				0	60,000
Payments of Debt Issuance Costs		190		191	723
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash from (for) financing activities		(190)	11,554	(2,515)	5,411
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(786)	(819)	477	(2,473)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		(46,048)	(31,421)	4,006	(4,274)
Balance, beginning of period		50,173	31,540	119	4,393
Balance, end of period		4,125	119	4,125	119
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		(12,767)	(6,697)	135,165	182,798
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		32,098	11,677	4,568	21,913
Sale of other assets				14,885
Capital expenditures		(17,363)	(11,969)	(52,075)	(34,253)
Net cash for investing activities		14,735	(292)	(32,622)	(12,340)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		0	0	0	0
Term debt borrowings		0	0	0
Note borrowings		0		0
Derivative settlement			0	0	0
Repayments of Long-term Debt		0		0	0
Intercompany term debt (payments) receipts			10,320	(104,165)	(166,023)
Distributions (paid) received		0	0	0	0
Capital (contribution) infusion				0	0
Payments of Debt Issuance Costs		0		0	0
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash from (for) financing activities		0	10,320	(104,165)	(166,023)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		1,968	3,331	(1,622)	4,435
Balance, beginning of period		3,213	3,472	6,803	2,368
Balance, end of period		5,181	6,803	5,181	6,803
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
NET CASH (FOR) FROM OPERATING ACTIVITIES		153,463	136,357	(4,510)	(367)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates		(153,463)	(136,357)	4,510	367
Sale of other assets				0
Capital expenditures		0	0	0	0
Net cash for investing activities		(153,463)	(136,357)	4,510	367
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans		0	0	0	0
Term debt borrowings		0	0	0
Note borrowings		0		0
Derivative settlement			0	0	0
Repayments of Long-term Debt		0		0	0
Intercompany term debt (payments) receipts			0	0	0
Distributions (paid) received		0	0	0	0
Capital (contribution) infusion				0	0
Payments of Debt Issuance Costs		0		0	0
Exercise of limited partnership unit options		0	0	0	0
Excess tax benefit from unit-based compensation		0	0	0	0
Net cash from (for) financing activities		0	0	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		0	0	0	0
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period		0	0	0	0
Balance, beginning of period		0	0	0	0
Balance, end of period		$ 0	$ 0	$ 0	$ 0

XML

Long-Term Debt (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Debt Instrument [Line Items]
Commitment fee on unused portion of credit facilities	50.00%
Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.125%
Notes Payable, Due 2018 [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 405,000,000
Early call date, premium price, percentage	109.125%
Notes Payable Due 2021 [Member] [Domain] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	500,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.25%
Redemption percentage of original face amount	100.00%
Early call date, percentage of notes availabe for redemption	35.00%
Early call date, premium price, percentage	105.25%
Credit Agreement 2013 [Member] [Domain]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	885,000,000
Consolidated leverage ratio requirement	6.25
Consolidated leverage ratio	3.89
EBITDA cushion on the ratio	148,200,000
Pro-forma consolidated leverage ratio	5
Credit Agreement 2013 [Member] [Domain] | Maximum [Member]
Debt Instrument [Line Items]
Restricted payment	60,000,000
Credit Agreement 2013 [Member] [Domain] | Canadian Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	15,000,000
Credit Agreement 2013 [Member] [Domain] | Canadian Revolving Credit Facility Cad and USD [Domain]
Debt Instrument [Line Items]
Interest rate margin over LIBOR	2.25%
Credit Agreement 2013 [Member] [Domain] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	630,000,000,000
Debt Instrument, Periodic Payment	6,300,000
Interest rate margin over LIBOR	2.50%
Interest rate LIBOR floor	0.75%
Credit Agreement 2013 [Member] [Domain] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	255,000,000
Original Issue Discount [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Unamortized discount	5,600,000
Effective interest rate percentage	9.375%
2010 Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,435,000,000
2010 Credit Agreement [Member] | Canadian Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	15,000,000
2010 Credit Agreement [Member] | Canadian Revolving Credit Facility, USD [Member]
Debt Instrument [Line Items]
Interest rate margin over LIBOR	4.00%
2010 Credit Agreement [Member] | Canadian Revolving Credit Facility, CAD [Member]
Debt Instrument [Line Items]
Interest rate margin over LIBOR	4.00%
2010 Credit Agreement [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	1,175,000,000
2010 Credit Agreement [Member] | Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 260,000,000
Amended 2010 Credit Agreement [Member]
Debt Instrument [Line Items]
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement, period of measurement, annual	12 months
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement	4.75
Total-Indebtedness-to-Consolidated-Cash-Flow Ratio requirement, period of measurement, quarterly	3 months
Amended 2010 Credit Agreement [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Length of maturity date extension (years)	1 year
Interest rate margin over LIBOR	3.00%
Interest rate LIBOR floor	1.00%

XML

Earnings per Unit (Tables)

12 Months Ended

Mar. 31, 2013

Earnings Per Unit [Abstract]

Net income (loss) per limited partner unit

Net income (loss) per limited partner unit is calculated based on the following unit amounts:

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013		3/25/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,854			55,378			55,694		55,353
Effect of dilutive units:
Unit options and restricted unit awards	—			—			63		2
Phantom units	—			—			299		492
Diluted weighted average units outstanding	55,854			55,378			56,056		55,847
Net income (loss) per unit - basic	$	(1.95	)	$	(1.18	)	$	1.04	$	1.53
Net income (loss) per unit - diluted	$	(1.95	)	$	(1.18	)	$	1.04	$	1.52

XML

Restatement Not Restated (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012	Dec. 31, 2011
Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment					$ 8,800,000
Net income (loss)	(109,126,000)	(65,415,000)	58,145,000	84,807,000
Provision (benefit) for taxes	$ (35,659,000)	$ (21,539,000)	$ 17,638,000	$ 5,937,000

XML

Fair Value Measurements (Details) (USD $)				3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012	Mar. 31, 2013 Wildwater Kingdom [Member]	Sep. 30, 2012 Wildwater Kingdom [Member]	Mar. 31, 2013 Total [Member] Fair Value, Measurements, Nonrecurring [Member]	Mar. 31, 2013 Total [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Total [Member] Fair Value, Measurements, Recurring [Member]	Mar. 25, 2012 Total [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 25, 2012 Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 25, 2012 Level 2 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2012 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 25, 2012 Level 3 [Member] Fair Value, Measurements, Recurring [Member]	Mar. 31, 2013 Designated As Hedging [Member]	Dec. 31, 2012 Designated As Hedging [Member]	Mar. 25, 2012 Designated As Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 25, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]		Mar. 25, 2012 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Total [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Other Assets [Member]		Mar. 25, 2012 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Level 1 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Other Assets [Member]	Mar. 25, 2012 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Level 2 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Other Assets [Member]	Mar. 25, 2012 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Level 3 [Member] Fair Value, Measurements, Recurring [Member] Interest Rate Swap [Member] Other Assets [Member]	Mar. 31, 2013 Not Designated As Hedging [Member]	Dec. 31, 2012 Not Designated As Hedging [Member]	Mar. 25, 2012 Not Designated As Hedging [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Senior Unsecured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability	$ (31,031,000)	$ (32,260,000)	$ (32,280,000)																			$ 23,388,000	$ 32,260,000	$ 32,280,000	$ (23,388,000)	[1]	$ 32,280,000			$ 0		$ 32,280,000		$ 0					$ 7,643,000	$ 0	$ 0
Derivative assets, current																												(32,260,000)	[1]		0		(32,260,000)		0
Net derivative liability	(31,031,000)	(32,260,000)	(32,280,000)				(31,031,000)	(32,260,000)	(32,280,000)	0	0	0	(31,031,000)	(32,260,000)	(32,280,000)	0	0	0	(23,388,000)	(32,260,000)	(32,280,000)															(7,643,000)	0	0
Increase in net derivative liability	900,000
Fixed assets, fair value						19,800,000
Fixed-asset impairment				25,000,000	25,000,000
Fair value of term debt	637,100,000
Debt Instrument, Interest Rate, Stated Percentage																																										9.125%
Fair value of notes																																										$ 950,100,000

[1] ncluded in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet

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Changes in Accumulated Other Comprehensive Income by Component Changes in AOCI by Component (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	$ (28,500)		$ (29,838)
Other comprehensive income before reclassifications	301
Amounts reclassified from accumulated other comprehensive income	8,885
Net current-period other comprehensive income	9,186	(830)	10,524	(6,908)
Balance, ending	(19,314)	(29,838)	(19,314)	(29,838)
Gains and Losses on Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(25,749)
Other comprehensive income before reclassifications	1,940
Amounts reclassified from accumulated other comprehensive income	6,945
Net current-period other comprehensive income	8,885
Balance, ending	(16,864)		(16,864)
Foreign Currency Items [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning	(2,751)
Other comprehensive income before reclassifications	301
Amounts reclassified from accumulated other comprehensive income	0
Net current-period other comprehensive income	301
Balance, ending	$ (2,450)		$ (2,450)

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Significant Accounting and Reporting Policies

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Significant Accounting and Reporting Policies

Significant Accounting and Reporting Policies:

The Partnership’s unaudited condensed consolidated financial statements for the periods ended March 31, 2013 and March 25, 2012 included in this Form 10-Q report have been prepared in accordance with the accounting policies described in the Notes to Consolidated Financial Statements for the year ended December 31, 2012, which were included in the Form 10-K/A filed on May 10, 2013. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (the Commission). These financial statements should be read in conjunction with the financial statements and the notes thereto included in the Form 10-K/A referred to above.

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Consolidating Financial Information of Guarantors and Issuers (Details) (Senior Unsecured Notes [Member])	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	9.125%
Notes Payable Due 2018 [Member]
Condensed Financial Statements, Captions [Line Items]
Subsidiary ownership percentage guaranteeing notes	100.00%
Subsidiary guarantor ownership percentage	100.00%
Notes Payable Due 2021 [Member] [Domain]
Condensed Financial Statements, Captions [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.25%

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Interim Reporting (Details)	3 Months Ended
	Mar. 31, 2013
Nature of Operations [Line Items]
Number of amusement parks owned and operated	11
Number of outdoor water parks owned and operated	4
Number of indoor water parks owned and operated	1
Number of hotels owned and operated	5
Minimum [Member]
Nature of Operations [Line Items]
Operating period	130 days
Maximum [Member]
Nature of Operations [Line Items]
Operating period	140 days

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Changes in Accumulated Other Comprehensive Income by Component (Tables)

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Changes in accumulated other comprehensive income (loss)

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and
		Losses on			Foreign
		Cash Flow			Currency
		Hedges			Items			Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
	Other comprehensive
	income before
	reclassifications	1,940			301			301
	Amounts reclassified
	from accumulated
	other comprehensive
	income (2)	6,945			—			8,885
Net current-period other
comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details.

Reclassification out of accumulated other comprehensive income

Reclassifications Out of Accumulated Other Comprehensive Income (1)
(In thousands)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges
Interest rate contracts	$	8,174		Net effect of swaps
	$	8,174		Total before tax
	(1,229		)	Provision (benefit) for taxes
	$	6,945		Net of tax

(1) Amounts in parentheses indicate debits.

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Consolidating Financial Information of Guarantors and Issuers Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012	Dec. 31, 2011	Sep. 25, 2011	Mar. 27, 2011
Current Assets:
Cash and cash equivalents	$ 10,038	$ 78,830	$ 7,319	$ 35,524	$ 7,319	$ 7,255
Receivables	13,342	18,192	6,693
Inventories	39,063	27,840	44,486
Current deferred tax asset	36,022	8,184	15,120
Income tax refundable	0	0	9,013
Other current assets	27,715	8,060	30,410
Total current assets	126,180	141,106	104,028
Property and equipment (net)	1,570,852	1,544,272	1,640,868
Investment In Park	0	0	0
Intercompany Note Receivable			0
Goodwill	243,653	246,221	245,808
Other intangibes, net	40,323	40,652	40,607
Deferred Tax Asset	0	0	0
Intercompany Receivable	0	0	0
Other Assets	34,648	47,614	54,193
Assets	2,015,656	2,019,865	2,085,504
Current Liabilities:
Current maturities of long-term debt	6,300	0	15,921
Accounts payable	37,443	10,734	28,212
Deferred revenue	66,184	39,485	50,754
Accrued interest	8,339	15,512	10,314
Accrued taxes	9,000	17,813	8,820
Accrued salaries, wages and benefits	20,182	24,836	33,562
Self-insurance reserves	23,557	23,906	21,754
Other accrued liabilities	7,867	5,916	6,104
Total current liabilities	178,872	138,202	175,441
Deferred Tax Liability	154,587	153,792	130,727
Derivative Liability	31,031	32,260	32,280
Other Liabilities	7,685	8,980	2,235
Intercompany Note Payable			0
Long-Term Debt:
Revolving credit loans	96,000	0	155,004
Term debt	623,700	1,131,100	1,140,179
Notes	901,255	401,080	400,373
Total long-term debt	1,620,955	1,532,180	1,695,556
Equity	22,526	154,451	49,265
Total Partners' Equity and Liabilities	2,015,656	2,019,865	2,085,504
Cedar Fair L.P. (Parent) [Member]
Current Assets:
Cash and cash equivalents	0	25,000	0	0		0
Receivables	682	4	0
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	207	563	359
Total current assets	889	25,567	359
Property and equipment (net)	457,484	439,506	464,394
Investment In Park	419,501	485,136	459,339
Intercompany Note Receivable			0
Goodwill	9,061	9,061	9,061
Other intangibes, net	0	0	0
Deferred Tax Asset	0	0	0
Intercompany Receivable	877,336	877,612	889,442
Other Assets	14,581	22,048	26,323
Assets	1,778,852	1,858,930	1,848,918
Current Liabilities:
Current maturities of long-term debt	6,300		15,921
Accounts payable	103,654	147,264	60,297
Deferred revenue	0	0	0
Accrued interest	1,444	98	3,089
Accrued taxes	4,790	4,518	4,925
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0	0	0
Other accrued liabilities	589	1,110	462
Total current liabilities	116,777	152,990	84,694
Deferred Tax Liability	0	0	0
Derivative Liability	18,594	19,309	19,403
Other Liabilities	0	0	0
Intercompany Note Payable			0
Long-Term Debt:
Revolving credit loans	96,000		155,004
Term debt	623,700	1,131,100	1,140,179
Notes	901,255	401,080	400,373
Total long-term debt	1,620,955	1,532,180	1,695,556
Equity	22,526	154,451	49,265
Total Partners' Equity and Liabilities	1,778,852	1,858,930	1,848,918
Co-Issuer Subsidiary (Magnum) [Member]
Current Assets:
Cash and cash equivalents	732	444	397	512		494
Receivables	79,472	101,093	82,892
Inventories	3,645	1,724	3,321
Current deferred tax asset	31,543	3,705	11,014
Other current assets	9,630	17,858	5,907
Total current assets	125,022	124,824	103,531
Property and equipment (net)	1,003	1,013	1,035
Investment In Park	714,013	772,183	661,166
Intercompany Note Receivable			104,165
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	34,890	36,443	47,646
Intercompany Receivable	1,165,652	1,070,125	1,239,210
Other Assets	10,291	14,832	16,288
Assets	2,050,871	2,019,420	2,173,041
Current Liabilities:
Current maturities of long-term debt	6,300		15,921
Accounts payable	215,425	213,279	232,001
Deferred revenue	0	0	0
Accrued interest	916	64	1,706
Accrued taxes	390	0	340
Accrued salaries, wages and benefits	13,483	17,932	26,989
Self-insurance reserves	5,324	5,528	4,212
Other accrued liabilities	5,161	2,502	3,312
Total current liabilities	246,999	239,305	284,481
Deferred Tax Liability	0	0	0
Derivative Liability	12,437	12,951	12,877
Other Liabilities	4,185	5,480	2,235
Intercompany Note Payable			0
Long-Term Debt:
Revolving credit loans	96,000		155,004
Term debt	623,700	1,131,100	1,140,179
Notes	901,255	401,080	400,373
Total long-term debt	1,620,955	1,532,180	1,695,556
Equity	166,295	229,504	177,892
Total Partners' Equity and Liabilities	2,050,871	2,019,420	2,173,041
Co-Issuer Subsidiary (Cedar Canada) [Member]
Current Assets:
Cash and cash equivalents	4,125	50,173	119	31,540		4,393
Receivables	67,302	71,099	59,911
Inventories	3,032	2,352	3,678
Current deferred tax asset	816	816	772
Other current assets	1,618	530	11,851
Total current assets	76,893	124,970	76,331
Property and equipment (net)	262,941	268,157	279,255
Investment In Park	115,401	115,401	115,401
Intercompany Note Receivable			0
Goodwill	123,374	125,942	125,528
Other intangibes, net	17,470	17,835	17,776
Deferred Tax Asset	0	0	0
Intercompany Receivable	1,211,522	1,116,623	1,294,302
Other Assets	7,473	8,419	9,608
Assets	1,815,074	1,777,347	1,918,201
Current Liabilities:
Current maturities of long-term debt	6,300		15,921
Accounts payable	3,891	16,101	26,302
Deferred revenue	6,679	4,996	5,413
Accrued interest	5,979	15,350	5,519
Accrued taxes	331	6,239	261
Accrued salaries, wages and benefits	1,095	1,214	781
Self-insurance reserves	1,696	1,754	1,716
Other accrued liabilities	133	140	226
Total current liabilities	26,104	45,794	56,139
Deferred Tax Liability	62,700	63,460	58,762
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Intercompany Note Payable			0
Long-Term Debt:
Revolving credit loans	96,000		155,004
Term debt	623,700	1,131,100	1,140,179
Notes	901,255	401,080	400,373
Total long-term debt	1,620,955	1,532,180	1,695,556
Equity	105,315	135,913	107,744
Total Partners' Equity and Liabilities	1,815,074	1,777,347	1,918,201
Guarantor Subsidiaries [Member]
Current Assets:
Cash and cash equivalents	5,181	3,213	6,803	3,472		2,368
Receivables	436,595	498,555	370,246
Inventories	32,386	23,764	37,487
Current deferred tax asset	3,663	3,663	3,334
Other current assets	16,260	5,490	12,293
Total current assets	494,085	534,685	430,163
Property and equipment (net)	849,424	835,596	896,184
Investment In Park	21,689	53,790	25,758
Intercompany Note Receivable			0
Goodwill	111,218	111,218	111,219
Other intangibes, net	22,853	22,817	22,831
Deferred Tax Asset	90	90	0
Intercompany Receivable	0	0	0
Other Assets	2,303	2,315	1,974
Assets	1,501,662	1,560,511	1,488,129
Current Liabilities:
Current maturities of long-term debt	0		0
Accounts payable	285,182	286,649	215,968
Deferred revenue	59,505	34,489	45,341
Accrued interest	0	0	0
Accrued taxes	3,489	23,437	3,294
Accrued salaries, wages and benefits	5,604	5,690	5,792
Self-insurance reserves	16,537	16,624	15,826
Other accrued liabilities	1,984	2,164	2,104
Total current liabilities	372,301	369,053	288,325
Deferred Tax Liability	126,867	126,865	119,611
Derivative Liability	0	0	0
Other Liabilities	3,500	3,500	0
Intercompany Note Payable			104,165
Long-Term Debt:
Revolving credit loans	0		0
Term debt	0	0	0
Notes	0	0	0
Total long-term debt	0	0	0
Equity	998,994	1,061,093	976,028
Total Partners' Equity and Liabilities	1,501,662	1,560,511	1,488,129
Eliminations [Member]
Current Assets:
Cash and cash equivalents	0	0	0	0		0
Receivables	(570,709)	(652,559)	(506,356)
Inventories	0	0	0
Current deferred tax asset	0	0	0
Other current assets	0	(16,381)	0
Total current assets	(570,709)	(668,940)	(506,356)
Property and equipment (net)	0	0	0
Investment In Park	(1,270,604)	(1,426,510)	(1,261,664)
Intercompany Note Receivable			(104,165)
Goodwill	0	0	0
Other intangibes, net	0	0	0
Deferred Tax Asset	(34,980)	(36,533)	(47,646)
Intercompany Receivable	(3,254,510)	(3,064,360)	(3,422,954)
Other Assets	0	0	0
Assets	(5,130,803)	(5,196,343)	(5,342,785)
Current Liabilities:
Current maturities of long-term debt	(12,600)		(31,842)
Accounts payable	(570,709)	(652,559)	(506,356)
Deferred revenue	0	0	0
Accrued interest	0	0	0
Accrued taxes	0	(16,381)	0
Accrued salaries, wages and benefits	0	0	0
Self-insurance reserves	0	0	0
Other accrued liabilities	0	0	0
Total current liabilities	(583,309)	(668,940)	(538,198)
Deferred Tax Liability	(34,980)	(36,533)	(47,646)
Derivative Liability	0	0	0
Other Liabilities	0	0	0
Intercompany Note Payable			(104,165)
Long-Term Debt:
Revolving credit loans	(192,000)		(310,008)
Term debt	(1,247,400)	(2,262,200)	(2,280,358)
Notes	(1,802,510)	(802,160)	(800,746)
Total long-term debt	(3,241,910)	(3,064,360)	(3,391,112)
Equity	(1,270,604)	(1,426,510)	(1,261,664)
Total Partners' Equity and Liabilities	$ (5,130,803)	$ (5,196,343)	$ (5,342,785)

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Long-Lived Assets (Details) (Wildwater Kingdom [Member], USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Sep. 30, 2012
Wildwater Kingdom [Member]
Impaired Long-Lived Assets Held and Used [Line Items]
Fixed-asset impairment	$ 25.0	$ 25.0

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Goodwill and Other Intangible Assets Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 25, 2012
Goodwill [Roll Forward]
Goodwill (gross), beginning of period	$ 326,089
Accumulated Impairment Losses, beginning of period	(79,868)
Goodwill (net), beginning of period	246,221	245,808
Foreign currency translation	(2,568)
Goodwill (gross), end of period	323,521
Accumulated Impairment Losses, end of period	(79,868)
Goodwill (net), end of period	$ 243,653	$ 245,808

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Basis of Presentation

3 Months Ended

Mar. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared from the financial records of Cedar Fair, L.P. (the Partnership) without audit and reflect all adjustments which are, in the opinion of management, necessary to fairly present the results of the interim periods covered in this report.

Due to the highly seasonal nature of the Partnership’s amusement and water park operations, the results for any interim period are not indicative of the results to be expected for the full fiscal year. Accordingly, the Partnership has elected to present financial information regarding operations and cash flows for the preceding fiscal twelve-month periods ended March 31, 2013 and March 25, 2012 to accompany the quarterly results. Because amounts for the fiscal twelve months ended March 31, 2013 include actual 2012 season operating results, they may not be indicative of 2013 full calendar year operations.

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Goodwill and Other Intangible Assets Other Intangible Assets (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Dec. 31, 2012
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Carrying Amount/Value	$ 39,858,000	$ 40,163,000	$ 40,222,000
Accumulated Amortization	369,000	331,000	360,000
Total other intangible assets, gross carrying amount	40,692,000	40,938,000	41,012,000
Total other intangibe assets, net carrying value	40,323,000	40,607,000	40,652,000
Amortization expense of other intangibles	9,000	9,000
Estimated amortization expense, remainder of 2011	27,000
Maximum [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Net Carrying Value	50,000
Estimated amortization expense, 2012 through 2015	50,000
License / Franchise Agreements [Member]
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	834,000	775,000	790,000
Accumulated Amortization	369,000	331,000	360,000
Net Carrying Value	465,000	444,000	430,000
Estimated amortization expense, 2012 through 2015	$ 465,000	$ 444,000	$ 430,000

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Restatement Restated Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation	$ (1,167,410)	$ (1,162,213)	$ (1,073,784)
Total assets	2,015,656	2,019,865	2,085,504
Deferred Tax Liability	154,587	153,792	130,727
Limited Partners' Equity	36,550	177,660	73,814
As previously filed [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation			(1,046,162)
Total assets			2,113,126
Deferred Tax Liability			135,746
Limited Partners' Equity			96,417
Correction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accumulated depreciation			(27,622)
Total assets			(27,622)
Deferred Tax Liability			(5,019)
Limited Partners' Equity			$ (22,603)

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Unaudited Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012
Current Assets:
Cash and cash equivalents	$ 10,038	$ 78,830	$ 7,319
Receivables	13,342	18,192	6,693
Inventories	39,063	27,840	44,486
Current deferred tax asset	36,022	8,184	15,120
Income tax refundable	0	0	9,013
Prepaid advertising	16,396	1,086	11,139
Other current assets	11,319	6,974	10,258
Total current assets	126,180	141,106	104,028
Property and Equipment:
Land	301,469	303,348	314,133
Land improvements	338,777	339,081	334,087
Buildings	587,603	584,854	580,121
Rides and equipment	1,446,904	1,450,231	1,423,360
Construction in progress	63,509	28,971	62,951
Total property and equipment, gross	2,738,262	2,706,485	2,714,652
Less accumulated depreciation	(1,167,410)	(1,162,213)	(1,073,784)
Total property and equipment, net	1,570,852	1,544,272	1,640,868
Goodwill	243,653	246,221	245,808
Other Intangibes, net	40,323	40,652	40,607
Other Assets	34,648	47,614	54,193
Assets	2,015,656	2,019,865	2,085,504
Current Liabilities:
Current maturities of long-term debt	6,300	0	15,921
Accounts payable	37,443	10,734	28,212
Deferred revenue	66,184	39,485	50,754
Accrued interest	8,339	15,512	10,314
Accrued taxes	9,000	17,813	8,820
Accrued salaries, wages and benefits	20,182	24,836	33,562
Self-insurance reserves	23,557	23,906	21,754
Other accrued liabilities	7,867	5,916	6,104
Total current liabilities	178,872	138,202	175,441
Deferred Tax Liability	154,587	153,792	130,727
Derivative Liability	31,031	32,260	32,280
Other Liabilities	7,685	8,980	2,235
Long-Term Debt:
Revolving credit loans	96,000	0	155,004
Term debt	623,700	1,131,100	1,140,179
Notes	901,255	401,080	400,373
Total long-term debt	1,620,955	1,532,180	1,695,556
Commitments and Contingencies (Note 10)
Partners' Equity:
Special L.P. interests	5,290	5,290	5,290
General partner	0	1	(1)
Limited partners, 55,712, 55,618 and 55,424 units outstanding at March 31, 2013, December 31, 2012 and March 25, 2012, respectively	36,550	177,660	73,814
Accumulated other comprehensive loss	(19,314)	(28,500)	(29,838)
Total partners' equity	22,526	154,451	49,265
Total Partners' Equity and Liabilities	$ 2,015,656	$ 2,019,865	$ 2,085,504

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Consolidating Financial Information of Guarantors and Issuers Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Condensed Financial Statements, Captions [Line Items]
Net revenues	$ 41,799	$ 28,198	$ 1,082,055	$ 1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	5,037	4,087	95,998	92,032
Operating expenses	76,657	71,285	456,775	437,008
Selling, general and administrative	21,039	17,984	141,366	137,495
Depreciation and amortization	4,786	4,079	127,013	125,892
Loss on impairment / retirement of fixed assets, net	600	92	30,844	11,251
Gain on sale of other assets	0	0	(6,625)	0
Total costs and expenses	108,119	97,527	845,371	803,678
Operating income (loss)	(66,320)	(69,329)	236,684	226,123
Interest expense (income), net	25,723	26,787	109,487	142,784
Net effect of swaps	9,211	(970)	8,689	(15,976)
Loss on early debt extinguishment	34,573	0	34,573	0
Unrealized / realized foreign currency (gain) loss	8,958	(8,192)	8,152	8,605
Other (income) expense	0	0	0	(34)
(Income) loss from investment in affiliates	0	0	0	0
Income (loss) before taxes	(144,785)	(86,954)	75,783	90,744
Provision (benefit) for taxes	(35,659)	(21,539)	17,638	5,937
Net income (loss)	(109,126)	(65,415)	58,145	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301	(1,169)	1,839	1,050
Unrealized income (loss) on cash flow hedging derivatives	8,885	339	8,685	(7,958)
Other comprehensive income (loss), (net of tax)	9,186	(830)	10,524	(6,908)
Total Comprehensive Income (Loss)	(99,940)	(66,245)	68,669	77,899
Cedar Fair L.P. (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	4,317	1,456	148,576	140,548
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0
Operating expenses	1,423	1,335	5,468	5,351
Selling, general and administrative	1,292	1,332	6,455	7,963
Depreciation and amortization	475	696	37,439	37,309
Loss on impairment / retirement of fixed assets, net	36	82	25,089	876
Gain on sale of other assets			0
Total costs and expenses	3,226	3,445	74,451	51,499
Operating income (loss)	1,091	(1,989)	74,125	89,049
Interest expense (income), net	10,512	11,158	47,879	72,309
Net effect of swaps	5,635	173	5,324	(10,940)
Loss on early debt extinguishment	21,175		21,175
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other (income) expense	188	187	750	716
(Income) loss from investment in affiliates	72,096	50,491	(68,417)	(67,272)
Income (loss) before taxes	(108,515)	(63,998)	67,414	94,236
Provision (benefit) for taxes	611	1,417	9,269	9,429
Net income (loss)	(109,126)	(65,415)	58,145	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301	(1,169)	1,839	1,050
Unrealized income (loss) on cash flow hedging derivatives	8,885	339	8,685	(7,958)
Other comprehensive income (loss), (net of tax)	9,186	(830)	10,524	(6,908)
Total Comprehensive Income (Loss)	(99,940)	(66,245)	68,669	77,899
Co-Issuer Subsidiary (Magnum) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	8,371	2,577	263,930	249,988
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0
Operating expenses	21,606	20,436	177,526	167,068
Selling, general and administrative	16,613	13,696	89,532	83,355
Depreciation and amortization	9	9	40	45
Loss on impairment / retirement of fixed assets, net	0	0	0	0
Gain on sale of other assets			0
Total costs and expenses	38,228	34,141	267,098	250,468
Operating income (loss)	(29,857)	(31,564)	(3,168)	(480)
Interest expense (income), net	7,677	6,615	30,390	19,090
Net effect of swaps	3,576	332	3,365	(243)
Loss on early debt extinguishment	12,781		12,781
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other (income) expense	(2,388)	(3,035)	(8,860)	(9,542)
(Income) loss from investment in affiliates	35,640	23,083	(53,593)	(19,390)
Income (loss) before taxes	(87,143)	(58,559)	12,749	9,605
Provision (benefit) for taxes	(17,665)	(11,672)	(15,849)	(25,950)
Net income (loss)	(69,478)	(46,887)	28,598	35,555
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	2,535	98	2,551	(9,638)
Other comprehensive income (loss), (net of tax)	2,535	98	2,551	(9,638)
Total Comprehensive Income (Loss)	(66,943)	(46,789)	31,149	25,917
Co-Issuer Subsidiary (Cedar Canada) [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	289	266	140,441	126,375
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	10,316	9,932
Operating expenses	5,941	5,657	48,147	45,805
Selling, general and administrative	711	760	11,086	11,151
Depreciation and amortization	0	0	18,199	17,325
Loss on impairment / retirement of fixed assets, net	478	10	474	(51)
Gain on sale of other assets			0
Total costs and expenses	7,130	6,427	88,222	84,162
Operating income (loss)	(6,841)	(6,161)	52,219	42,213
Interest expense (income), net	9,764	10,403	40,231	50,897
Net effect of swaps	0	(1,475)	0	(4,793)
Loss on early debt extinguishment	617		617
Unrealized / realized foreign currency (gain) loss	8,958	(8,192)	8,152	8,605
Other (income) expense	800	197	2,623	1,708
(Income) loss from investment in affiliates	3,520	3,230	(14,307)	(2,601)
Income (loss) before taxes	(30,500)	(10,324)	14,903	(11,603)
Provision (benefit) for taxes	(9,254)	(2,334)	(3,507)	4,319
Net income (loss)	(21,246)	(7,990)	18,410	(15,922)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301	(1,169)	1,839	1,050
Unrealized income (loss) on cash flow hedging derivatives	0	21	0	254
Other comprehensive income (loss), (net of tax)	301	(1,148)	1,839	1,304
Total Comprehensive Income (Loss)	(20,945)	(9,138)	20,249	(14,618)
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	41,510	27,932	941,246	903,046
Costs and expenses:
Cost of food, merchandise and games revenues	5,037	4,087	85,682	82,100
Operating expenses	60,375	47,890	637,772	608,940
Selling, general and administrative	2,423	2,196	34,293	35,026
Depreciation and amortization	4,302	3,374	71,335	71,213
Loss on impairment / retirement of fixed assets, net	86	0	5,281	10,426
Gain on sale of other assets			(6,625)
Total costs and expenses	72,223	57,547	827,738	807,705
Operating income (loss)	(30,713)	(29,615)	113,508	95,341
Interest expense (income), net	(2,230)	(1,389)	(9,013)	488
Net effect of swaps	0	0	0	0
Loss on early debt extinguishment	0		0
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other (income) expense	1,400	2,651	5,487	7,084
(Income) loss from investment in affiliates	21,227	24,916	(18,503)	16,074
Income (loss) before taxes	(51,110)	(55,793)	135,537	71,695
Provision (benefit) for taxes	(9,351)	(8,950)	27,725	18,139
Net income (loss)	(41,759)	(46,843)	107,812	53,556
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	0	0	0	0
Unrealized income (loss) on cash flow hedging derivatives	0	0	0	0
Other comprehensive income (loss), (net of tax)	0	0	0	0
Total Comprehensive Income (Loss)	(41,759)	(46,843)	107,812	53,556
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net revenues	(12,688)	(4,033)	(412,138)	(390,156)
Costs and expenses:
Cost of food, merchandise and games revenues	0	0	0	0
Operating expenses	(12,688)	(4,033)	(412,138)	(390,156)
Selling, general and administrative	0	0	0	0
Depreciation and amortization	0	0	0	0
Loss on impairment / retirement of fixed assets, net	0	0	0	0
Gain on sale of other assets			0
Total costs and expenses	(12,688)	(4,033)	(412,138)	(390,156)
Operating income (loss)	0	0	0	0
Interest expense (income), net	0	0	0	0
Net effect of swaps	0	0	0	0
Loss on early debt extinguishment	0		0
Unrealized / realized foreign currency (gain) loss	0	0	0	0
Other (income) expense	0	0	0	0
(Income) loss from investment in affiliates	(132,483)	(101,720)	154,820	73,189
Income (loss) before taxes	132,483	101,720	(154,820)	(73,189)
Provision (benefit) for taxes	0	0	0	0
Net income (loss)	132,483	101,720	(154,820)	(73,189)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(301)	1,169	(1,839)	(1,050)
Unrealized income (loss) on cash flow hedging derivatives	(2,535)	(119)	(2,551)	9,384
Other comprehensive income (loss), (net of tax)	(2,836)	1,050	(4,390)	8,334
Total Comprehensive Income (Loss)	$ 129,647	$ 102,770	$ (159,210)	$ (64,855)

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Unaudited Condensed Consolidated Statement of Partners' Equity (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Foreign currency translation adjustment, tax	$ (175)
Unrealized loss on cash flow hedging derivatives, tax	$ (1,289)
Partnership distribution declared, amount per limited partnership unit	$ 0.625

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Derivative Financial Instruments Balance Sheet Location (Details) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 26, 2012	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012	Dec. 31, 2012	Mar. 31, 2013 Designated As Hedging [Member]	Dec. 31, 2012 Designated As Hedging [Member]	Mar. 25, 2012 Designated As Hedging [Member]	Mar. 31, 2013 Not Designated As Hedging [Member]	Dec. 31, 2012 Not Designated As Hedging [Member]	Mar. 25, 2012 Not Designated As Hedging [Member]	Mar. 31, 2013 Interest Rate Swap [Member] Designated As Hedging [Member]	Dec. 31, 2012 Interest Rate Swap [Member] Designated As Hedging [Member]	Mar. 25, 2012 Interest Rate Swap [Member] Designated As Hedging [Member]	Mar. 31, 2013 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Dec. 31, 2012 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Mar. 25, 2012 Interest Rate Swap [Member] Not Designated As Hedging [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Cross-Currency Swap [Member]	Mar. 31, 2013 September 2010 Swaps [Member] Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member]	Feb. 28, 2011 September 2010 Swaps [Member] Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative, amount of hedged item																			$ 268,700,000	$ 600,000,000
Derivative settlement	(50,450,000)	0	(50,450,000)	0	(50,450,000)
Derivative Liability		31,031,000	32,280,000	31,031,000	32,280,000	32,260,000							(23,388,000)	(32,260,000)	(32,280,000)	(7,643,000)	0	0
Derivative assets (liabilities), at fair value, net		(31,031,000)	(32,280,000)	(31,031,000)	(32,280,000)	(32,260,000)	(23,388,000)	(32,260,000)	(32,280,000)	(7,643,000)	0	0
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax																					$ 7,200,000

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in Partnership's carrying value of goodwill

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
March 31, 2013	$	323,521		$	(79,868	)	$	243,653

Partnership's other intangible assets

t March 31, 2013, December 31, 2012, and March 25, 2012 the Partnership’s other intangible assets consisted of the following:

March 31, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323
December 31, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,222	$	—	$	40,222
License / franchise agreements	790		360		430
Total other intangible assets	$	41,012	$	360	$	40,652
March 25, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,163	$	—	$	40,163
License / franchise agreements	775		331		444
Total other intangible assets	$	40,938	$	331	$	40,607

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Derivative Financial Instruments Income Statement Location (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended		12 Months Ended		3 Months Ended				12 Months Ended				3 Months Ended		12 Months Ended		3 Months Ended				12 Months Ended		3 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013 Interest Rate Swap [Member]	Mar. 25, 2012 Interest Rate Swap [Member]	Mar. 31, 2013 Interest Rate Swap [Member]	Mar. 25, 2012 Interest Rate Swap [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Cash Flow Hedging [Member]	Mar. 25, 2012 Designated As Hedging [Member] Interest Rate Swap [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Cash Flow Hedging [Member]	Sep. 25, 2011 Designated As Hedging [Member] Interest Rate Swap [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Interest Expense [Member] Cash Flow Hedging [Member]	Mar. 25, 2012 Designated As Hedging [Member] Interest Rate Swap [Member] Interest Expense [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Interest Expense [Member] Cash Flow Hedging [Member]	Sep. 25, 2011 Designated As Hedging [Member] Interest Rate Swap [Member] Interest Expense [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member] Cash Flow Hedging [Member]	Mar. 25, 2012 Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member] Cash Flow Hedging [Member]	Sep. 25, 2011 Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member] Cash Flow Hedging [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Net Effect of Swaps [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Net Effect of Swaps [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Net Effect of Swaps [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Net Effect of Swaps [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member]		Mar. 25, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member]		Mar. 25, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member] Net Effect of Swaps [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Foreign Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Foreign Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Foreign Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Foreign Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Cross-Currency Swap [Member] Net Effect of Swaps [Member]		Mar. 25, 2012 Not Designated As Hedging [Member] Cross-Currency Swap [Member] Net Effect of Swaps [Member]		Mar. 31, 2013 Not Designated As Hedging [Member] Cross-Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Cross-Currency Swap [Member] Net Effect of Swaps [Member]	Mar. 31, 2013 September 2010 and March 2011 Swaps [Member] Forward Starting Interest Rate Swap [Member] Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in accumulated OCI on derivatives (effective portion)									$ 2,266	$ 120	$ 2,286	$ (36,088)
Amount of gain (loss) reclassified from accumulated OCI into income (effective portion)													(2,797)	(2,793)	(12,031)	(5,816)
Amount of gain (loss) recognized in income on derivative (ineffective portion)																	435	0	435	33,493
Gain (loss) on derivative recognized in income																					1,471	(1,279)	1,471	(5,524)	1,471	[1]	0	[1]	1,471	[1]	0	[1]	0	(6,278)	0	7,387	0	[1]	4,999	[1]	0	(12,911)
Gain on ineffective portion of derivatives	1,036	(1,279)	1,036	(39,017)
Amortization of deferred hedge gains					350	538	(192)	22,696
Foreign currency gain (loss)		(229)		345
Net effect of swaps	$ 9,211	$ (970)	$ 8,689	$ (15,976)																																							$ (3,300)

[1] The cross-currency swaps became ineffective and were de-designated in August 2009.

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on recurring basis

The table below presents the balances of assets and liabilities measured at fair value as of March 31, 2013, December 31, 2012, and March 25, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 31, 2013
(In thousands)
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	(7,643		)	—		(7,643		)	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
March 25, 2012
Interest rate swap agreements (1)	$	(32,280	)	$	—	$	(32,280	)	$	—
Net derivative liability	$	(32,280	)	$	—	$	(32,280	)	$	—

(1) Designated as cash flow hedges and are included in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet

(2) Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet

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Unaudited Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES
Net income (loss)	$ (109,126)	$ (65,415)	$ 58,145	$ 84,807
Adjustments to reconcile net income (loss) to net cash from (for) operating activities:
Depreciation and amortization	4,786	4,079	127,013	125,892
Loss on early debt extinguishment	34,573	0	34,573	0
Loss on impairment / retirement of fixed assets, net	600	92	30,844	11,251
Gain on sale of other assets	0	0	(6,625)	0
Net effect of swaps	9,211	(970)	8,689	(15,976)
Non-cash (income) expense	13,867	(3,109)	22,127	25,240
Net change in working capital	7,057	(12,228)	18,152	(9,337)
Net change in other assets/liabilities	(29,635)	(4,381)	5,029	(1,348)
Net cash from (for) operating activities	(68,667)	(81,932)	297,947	220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Sale of other assets	0	0	16,058	0
Capital expenditures	(35,829)	(27,468)	(103,262)	(97,355)
Net cash for investing activities	(35,829)	(27,468)	(87,204)	(97,355)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	96,000	155,004	(59,004)	27,890
Term debt borrowings	630,000	0	630,000	0
Note borrowings	500,000	0	500,000	0
Derivative settlement	0	(50,450)	0	(50,450)
Term debt payments, including early termination penalties	(1,131,100)	0	(1,156,100)	(23,900)
Distributions paid to partners	(34,820)	(22,151)	(101,482)	(73,070)
Exercise of limited partnership unit options	28	48	57	53
Payment of debt issuance costs	(23,491)	0	(23,491)	(723)
Excess tax benefit from unit-based compensation	(127)	(437)	1,519	(437)
Net cash from (for) financing activities	36,490	82,014	(208,501)	(120,637)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(786)	(819)	477	(2,473)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(68,792)	(28,205)	2,719	64
Balance, beginning of period	78,830	35,524	7,319	7,255
Balance, end of period	10,038	7,319	10,038	7,319
SUPPLEMENTAL INFORMATION
Cash payments for interest expense	31,291	30,471	102,703	139,126
Interest capitalized	516	752	1,086	2,188
Cash payments for income taxes, net of refunds	$ 1,952	$ 138	$ 3,597	$ 6,207

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Unaudited Condensed Consolidated Balance Sheets (Parenthetical) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 25, 2012
Limited partners, units outstanding	55,712	55,618	55,424

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Income and Partnership Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Expense (Benefit) [Abstract]

Income and Partnership Taxes

Income and Partnership Taxes:

Under the applicable accounting rules, income taxes are recognized for the amount of taxes payable by the Partnership’s corporate subsidiaries for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. The income tax provision (benefit) for interim periods is determined by applying an estimated annual effective tax rate to the quarterly income (loss) of the Partnership’s corporate subsidiaries. In addition to income taxes on its corporate subsidiaries, the Partnership pays a publicly traded partnership tax (PTP tax) on partnership-level gross income (net revenues less cost of food, merchandise and games). As such, the Partnership’s total provision (benefit) for taxes includes amounts for both the PTP tax and for income taxes on its corporate subsidiaries.

As of the first quarter of 2013 the Partnership has recorded $1.1 million of unrecognized tax benefits including interest and/or penalties related to state and local tax filing positions. The Partnership recognizes interest and/or penalties related to unrecognized tax benefits in the income tax provision. The Partnership does not anticipate that the balance of the unrecognized tax benefit will change significantly over the next 12 months.

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	May 01, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Entity Registrant Name	CEDAR FAIR L P
Entity Central Index Key	0000811532
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		0
Entity Unit, Units Outstanding		55,519,784

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Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies:

The Partnership is a party to a number of lawsuits arising in the normal course of business. In the opinion of management, none of these matters is expected to have a material effect in the aggregate on the Partnership's financial statements.

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Unaudited Condensed Consolidated Statements of Operations (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Net revenues:
Admissions	$ 20,023	$ 11,670	$ 620,422	$ 597,100
Food, merchandise and games	16,692	12,532	346,374	350,186
Accommodations and other	5,084	3,996	115,259	82,515
Total net revenues	41,799	28,198	1,082,055	1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	5,037	4,087	95,998	92,032
Operating expenses	76,657	71,285	456,775	437,008
Selling, general and administrative	21,039	17,984	141,366	137,495
Depreciation and amortization	4,786	4,079	127,013	125,892
Gain on sale of other assets	0	0	(6,625)	0
Loss on impairment / retirement of fixed assets, net	600	92	30,844	11,251
Total costs and expenses	108,119	97,527	845,371	803,678
Operating income (loss)	(66,320)	(69,329)	236,684	226,123
Interest expense	25,763	26,803	109,579	142,876
Net effect of swaps	9,211	(970)	8,689	(15,976)
Loss on early debt extinguishment	34,573	0	34,573	0
Unrealized/realized foreign currency (gain) loss	8,958	(8,192)	8,152	8,605
Other (income) expense	(40)	(16)	(92)	(126)
Income (loss) before taxes	(144,785)	(86,954)	75,783	90,744
Provision (benefit) for taxes	(35,659)	(21,539)	17,638	5,937
Net income (loss)	(109,126)	(65,415)	58,145	84,807
Net income (loss) allocated to general partner	(1)	(1)	1	1
Net income (loss) allocated to limited partners	(109,125)	(65,414)	58,144	84,806
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301	(1,169)	1,839	1,050
Unrealized income (loss) on cash flow hedging derivatives	8,885	339	8,685	(7,958)
Other comprehensive income (loss), (net of tax)	9,186	(830)	10,524	(6,908)
Total comprehensive income (loss)	$ (99,940)	$ (66,245)	$ 68,669	$ 77,899
Basic earnings per limited partner unit:
Weighted average limited partner units outstanding	55,854	55,378	55,694	55,353
Net income (loss) per limited partner unit	(1.95)	(1.18)	1.04	1.53
Diluted earnings per limited partner unit:
Weighted average limited partner units outstanding	55,854	55,378	56,056	55,847
Net income (loss) per limited partner unit	(1.95)	(1.18)	1.04	1.52

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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets:

In accordance with the applicable accounting rules, goodwill is not amortized, but, along with indefinite-lived trade-names, is evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. The Partnership's annual testing date is December 31.

The Partnership tested goodwill and other indefinite-lived intangibles for impairment on December 31, 2012 and no impairment was indicated. In September 2011, the FASB issued ASU 2011-08, “Intangibles — Goodwill and Other,” which gives an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step goodwill impairment test. If an entity believes, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, the two-step goodwill impairment test is required. We adopted this guidance during the first quarter of 2012 and it did not impact the Partnership's consolidated financial statements.

In July 2012, the FASB issued ASU 2012-02, “Testing Indefinite-Lived Intangible Assets for Impairment,” which allows an entity the option to first assess qualitatively whether it is more-likely-than-not that an indefinite-lived intangible asset is impaired, thus necessitating that it perform the quantitative impairment test. An entity is not required to calculate the fair value of an indefinite-lived intangible asset and perform the quantitative impairment test unless the entity determines that it is more likely than not that the asset is impaired. The revised standard is effective for annual impairment testing performed for fiscal years beginning after September 15, 2012, however early adoption is permitted. We adopted this guidance during the third quarter of 2012 and it did not impact the Partnership's consolidated financial statements.

A summary of changes in the Partnership’s carrying value of goodwill for the three months ended March 31, 2013 is as follows:

(In thousands)	Goodwill (gross)			Accumulated Impairment Losses			Goodwill (net)
Balance at December 31, 2012	$	326,089		$	(79,868	)	$	246,221
Foreign currency translation	(2,568		)	—			(2,568		)
March 31, 2013	$	323,521		$	(79,868	)	$	243,653

At March 31, 2013, December 31, 2012, and March 25, 2012 the Partnership’s other intangible assets consisted of the following:

March 31, 2013	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
(In thousands)
Other intangible assets:
Trade names	$	39,858	$	—	$	39,858
License / franchise agreements	834		369		465
Total other intangible assets	$	40,692	$	369	$	40,323
December 31, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,222	$	—	$	40,222
License / franchise agreements	790		360		430
Total other intangible assets	$	41,012	$	360	$	40,652
March 25, 2012
(In thousands)
Other intangible assets:
Trade names	$	40,163	$	—	$	40,163
License / franchise agreements	775		331		444
Total other intangible assets	$	40,938	$	331	$	40,607

Amortization expense of other intangible assets for the three months ended March 31, 2013 and March 25, 2012 was $9,000 and $9,000, respectively. The estimated amortization expense for the remainder of 2013 is $27,000. Estimated amortization expense is expected to total less than $50,000 in each year from 2013 through 2017.

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Long-Lived Assets

3 Months Ended

Mar. 31, 2013

Impairment or Disposal of Tangible Assets Disclosure [Abstract]

Long-Lived Assets

Long-Lived Assets:

Long-lived assets are reviewed for impairment upon the occurrence of events or changes in circumstances that would indicate that the carrying value of the assets may not be recoverable. In order to determine if an asset has been impaired, assets are grouped and tested at the lowest level for which identifiable, independent cash flows are available. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include, among others: a significant decline in expected future cash flows; a sustained, significant decline in equity price and market capitalization; a significant adverse change in legal factors or in the business climate; unanticipated competition; and slower growth rates. Any adverse change in these factors could have a significant impact on the recoverability of these assets and could have a material impact on our consolidated financial statements.

The long-lived operating asset impairment test involves a two-step process. The first step is a comparison of each asset group's carrying value to its estimated undiscounted future cash flows expected to result from the use of the assets, including disposition. Projected future cash flows reflect management's best estimates of economic and market conditions over the projected period, including growth rates in revenues and costs, estimates of future expected changes in operating margins and cash expenditures. Other significant estimates and assumptions include terminal value growth rates and future estimates of capital expenditures. If the carrying value of the asset group is higher than its undiscounted future cash flows, there is an indication that impairment exists and the second step must be performed to measure the amount of impairment loss. The amount of impairment is determined by comparing the implied fair value of the asset group to its carrying value in a manner consistent with the highest and best use of those assets.

The Partnership estimates fair value of operating assets using an income, market, and/or cost approach. The income approach which uses an asset group's projection of estimated operating results and cash flows that is discounted using a weighted-average cost of capital reflective of current market conditions. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The cost approach is based on the amount currently required to replace the service capacity of an asset adjusted for obsolescence. If the implied fair value of the assets is less than their carrying value, an impairment charge is recorded for the difference.

Non-operating assets are evaluated for impairment based on changes in market conditions. When changes in market conditions are observed, impairment is estimated using a market-based approach. If the estimated fair value of the non-operating assets is less than their carrying value, an impairment charge is recorded for the difference.

At the end of the third quarter of 2012, the Partnership concluded based on 2012 operating results and updated forecasts, that a review of the carrying value of operating long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Also, at the end of the third quarter of 2012, the Partnership concluded that market conditions had changed on the adjacent non-operating land of Wildwater Kingdom. After performing its review of the updated market value of the land, the Partnership determined the land was impaired. The Partnership recognized a total of $25.0 million of fixed-asset impairment during the third quarter of 2012 which was recorded in "Loss on impairment / retirement of fixed assets, net" on the condensed consolidated statement of operations.

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative [Line Items]

Fair value of derivative instruments in Condensed Consolidated Balance Sheet

Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet:

(In thousands):	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 31, 2013			December 31, 2012			March 25, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	(23,388		)	(32,260		)	(32,280		)
Total derivatives designated as hedging instruments		$	(23,388	)	$	(32,260	)	$	(32,280	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(7,643	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(7,643	)	$	—		$	—
Net derivative liability		$	(31,031	)	$	(32,260	)	$	(32,280	)

Effects of derivative instruments on income (loss) and other comprehensive income (loss)

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)				Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended		Three months ended			Three months ended			Three months ended				Three months ended		Three months ended
	3/31/13		3/25/12			3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,266	$	120	Interest Expense	$	(2,797	)	$	(2,793	)	Net effect of swaps	$	435	$	—

(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended			Three months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	$	—		$	(4,999	)
Foreign currency swaps	Net effect of swaps	—			6,278
Interest rate swaps (2)	Net effect of swaps	(1,471		)	—
		$	(1,471	)	$	1,279

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended		Twelve months ended				Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/31/13		3/25/12				3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,286	$	(36,088	)	Interest Expense	$	(12,031	)	$	(5,816	)	Net effect of swaps	$	435	$	33,493

(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended			Twelve months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	—			12,911
Foreign currency swaps	Net effect of swaps	—			(7,387		)
Interest rate swaps (2)	Net effect of swaps	$	(1,471	)	$	—
		$	(1,471	)	$	5,524

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

Interest Rate and Cross Currency Swap [Member]

Derivative [Line Items]

Derivative instruments, notional amounts outstanding and interest rates

Forward Starting Interest Rate Swap [Member]

Derivative [Line Items]

Derivative instruments, notional amounts outstanding and interest rates

The following table presents our September 2010 swaps, March 2011 swaps, May 2011 swaps, and March 2013 swaps which mature December 15, 2015, along with their notional amounts and their fixed interest rates.

	Interest Rate Swaps
($'s in thousands)	Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments
	Notional Amounts		LIBOR Rate		Notional Amounts		LIBOR Rate
	$	200,000	2.27	%	50,000		2.54	%
	75,000		2.30	%	30,000		2.54	%
	50,000		2.29	%	70,000		2.54	%
	150,000		2.43	%	50,000		2.54	%
	50,000		2.29	%
	50,000		2.47	%
	25,000		2.30	%
Total $'s / Average Rate	$	600,000	2.33	%	$	200,000	2.54	%

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Restatement

3 Months Ended

Mar. 31, 2013

Accounting Changes and Error Corrections [Abstract]

Restatement

Restatement:

We have made two separate corrections relating to our use of the composite depreciation method.

• The first correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 3 and 12 month periods ended March 25, 2012, related to a misapplication of the composite depreciation method. Upon the normal retirement of an asset within a composite group, our practice generally had been to extend the depreciable life of that composite group beyond its original estimated useful life. In conjunction with the preparation of our financial statements in 2012, management determined that this methodology was not appropriate. As a result, we revised the useful lives of our composite groups to their original estimated useful life (ascribed upon acquisition) and corrected previously computed depreciation expense (and accumulated depreciation).

• The second correction, which impacts the Balance Sheet at March 25, 2012 and the Statement of Operations and Other Comprehensive Income for the 12 month period ended March 25, 2012, reflects a subsequent determination that a disposition from our composite group of assets was considered to be unusual. In certain situations under the composite method, disposals are considered unusual and, accordingly, losses are not included in the composite depreciation pool but are rather charged immediately to expense. In 2013, the Partnership's initial determination of whether a specific asset retired under the composite method of depreciation in 2011 was normal was reviewed in connection with responding to an open SEC comment letter. We ultimately concluded that such disposition was unusual and that a $8.8 millioncharge should be reflected in the 2011 financial statements.

The tables below reflect the impact on the financial statements of the corrections as described above. The "As originally filed" amounts represent amounts as filed in the Partnership's 1st quarter 2012 Form 10-Q . The "As restated" amounts in all columns represent amounts after restatement for the first correction which was disclosed in the Partnership's 2nd quarter Form 10-Q and the second correction which was disclosed in the Partnership's 2012 Annual Report on Form 10-K/A filed on May 10, 2013.

Balance Sheet
(In thousands)	3/25/2012
Accumulated depreciation
As originally filed	$	(1,046,162	)
Corrections	(27,622		)
As restated	$	(1,073,784	)
Total assets
As originally filed	$	2,113,126
Corrections	(27,622		)
As restated	$	2,085,504
Deferred Tax Liability
As originally filed	$	135,746
Corrections	(5,019		)
As restated	$	130,727
Limited Partners' Equity
As originally filed	$	96,417
Corrections	(22,603		)
As restated	$	73,814

Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Twelve months ended
	3/25/2012			3/25/2012
Depreciation and amortization
As originally filed	$	3,846		$	123,861
Corrections	233			2,031
As restated	$	4,079		$	125,892
Loss on impairment / retirement of fixed assets, net
As originally filed	$	92		$	2,461
Corrections	—			8,790
As restated	$	92		$	11,251
Income (loss) before tax
As originally filed	$	(86,721	)	$	101,565
Corrections	(233		)	(10,821		)
As restated	$	(86,954	)	$	90,744
Provision (benefit) for taxes
As originally filed	$	(21,539	)	$	9,897
Corrections	—			(3,960		)
As restated	$	(21,539	)	$	5,937
Net income (loss)
As originally filed	$	(65,182	)	$	91,668
Corrections	(233		)	(6,861		)
As restated	$	(65,415	)	$	84,807
Basic earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.66
Corrections	—			(0.13		)
As restated	$	(1.18	)	$	1.53
Diluted earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.64
Corrections	—			(0.12		)
As restated	$	(1.18	)	$	1.52

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Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements:

The FASB Accounting Standards Codification (ASC) relating to fair value measurements emphasizes that fair value is a market-based measurement that should be determined based on assumptions (inputs) that market participants would use in pricing an asset or liability. Inputs may be observable or unobservable, and valuation techniques used to measure fair value should maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Accordingly, the FASB’s ASC establishes a hierarchal disclosure framework that ranks the quality and reliability of information used to determine fair values. The hierarchy is associated with the level of pricing observability utilized in measuring fair value and defines three levels of inputs to the fair value measurement process—quoted prices are the most reliable valuation inputs, whereas model values that include inputs based on unobservable data are the least reliable. Each fair value measurement must be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety.

The three broad levels of inputs defined by the fair value hierarchy are as follows:

• Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

• Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

• Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The table below presents the balances of assets and liabilities measured at fair value as of March 31, 2013, December 31, 2012, and March 25, 2012 on a recurring basis:

	Total			Level 1		Level 2			Level 3
March 31, 2013
(In thousands)
Interest rate swap agreements (1)	$	(23,388	)	$	—	$	(23,388	)	$	—
Interest rate swap agreements (2)	(7,643		)	—		(7,643		)	—
Net derivative liability	$	(31,031	)	$	—	$	(31,031	)	$	—
December 31, 2012
Interest rate swap agreements (1)	$	(32,260	)	$	—	$	(32,260	)	$	—
Net derivative liability	$	(32,260	)	$	—	$	(32,260	)	$	—
March 25, 2012
Interest rate swap agreements (1)	$	(32,280	)	$	—	$	(32,280	)	$	—
Net derivative liability	$	(32,280	)	$	—	$	(32,280	)	$	—

(1) Designated as cash flow hedges and are included in “Derivative Liability” on the Unaudited Condensed Consolidated Balance Sheet

(2) Not designated as cash flow hedges and are included in "Derivative Liability" on the Unaudited Condensed Consolidated Balance Sheet

Fair values of the interest rate swap agreements are determined using significant inputs, including the LIBOR forward curves, that are considered Level 2 observable market inputs. In addition, the Partnership considered the effect of its credit and non-performance risk on the fair values provided, and recognized an adjustment decreasing the net derivative liability by approximately $0.9 million as of March 31, 2013.

There were no assets measured at fair value on a non-recurring basis at March 31, 2013 or March 25, 2012, except for as described below.

At the end of the third quarter in 2012, the Partnership concluded based on operating results, as well as updated forecasts, and changes in market conditions, that a review of the carrying value of long-lived assets at Wildwater Kingdom was warranted. After performing its review, the Partnership determined that a portion of the park's fixed assets were impaired. Based on Level 3 unobservable valuation assumptions and other market inputs, the assets were marked to a fair value of $19.8 million, resulting in an impairment charge of $25.0 million during the quarter.

The fair value of term debt at March 31, 2013 was approximately $637.1 million based on borrowing rates currently available to the Partnership on long-term debt with similar terms and average maturities. The fair value of the Partnership's notes at March 31, 2013 was approximately $950.1 million based on public trading levels as of that date. The fair value of the term debt was based on Level 2 inputs and the notes were based on Level 1 inputs.

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Long-Term Debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt:

In July 2010, the Partnership issued $405 million of 9.125% senior unsecured notes, maturing in 2018, in a private placement, including $5.6 million of Original Issue Discount ("OID") to yield 9.375%. Concurrently with this offering, the Partnership entered into a new $1,435 million credit agreement (the "2010 Credit Agreement”), which included a $1,175 million senior secured term loan facility and a $260 million senior secured revolving credit facility. The net proceeds from the offering of the notes, along with borrowings under the 2010 Credit Agreement, were used to repay in full all amounts outstanding under the previous credit facilities. The facilities provided under the 2010 Credit Agreement were collateralized by substantially all of the assets of the Partnership.

The Partnership's $405 million of senior unsecured notes pay interest semi-annually in February and August, with the principal due in full on August 1, 2018. The notes may be redeemed, in whole or in part, at any time prior to August 1, 2014 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to August 1, 2013, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 109.125%.

Terms of the 2010 Credit Agreement included a revolving credit facility of a combined $260 million. Under the 2010 Credit Agreement, the Canadian portion of the revolving credit facility had a limit of $15 million. U.S. denominated loans made under the revolving credit facility bore interest at a rate of LIBOR plus 400 basis points (bps) (with no LIBOR floor). Canadian denominated loans made under the Canadian portion of the facility bore interest at a rate of LIBOR plus 400 bps (with no LIBOR floor). The revolving credit facility, which was scheduled to mature in July 2015, also provided for the issuance of documentary and standby letters of credit. The Amended 2010 Credit Agreement required the Partnership to pay a commitment fee of 50 bps per annum on the unused portion of the credit facilities.

In February 2011, the Partnership amended the 2010 Credit Agreement (as so amended, the “Amended 2010 Credit Agreement”) and extended the maturity date of the term loan portion of the credit facilities by one year. The extended U.S. term loan was scheduled to mature in December 2017 and bore interest at a rate of LIBOR plus 300 bps, with a LIBOR floor of 100 bps.

In March 2013, the Partnership issued $500 million of 5.25% senior unsecured notes, maturing in 2021, in a private placement, with no OID. Concurrently with this offering, the Partnership entered into a new $885 million credit agreement (the "2013 Credit Agreement"), which included a $630 million senior secured term loan facility and a $255 million senior secured revolving credit facility. The terms of the senior secured term loan facility include a maturity date of March 6, 2020 and bear interest at a rate of LIBOR plus 250 bps with a LIBOR floor of 75 bps. The term loan amortizes at $6.3 million annually. The net proceeds from the notes and borrowings under the 2013 Credit Agreement were used to repay in full all amounts outstanding under the previous credit facilities. The facilities provided under the 2013 Credit Agreement are collateralized by substantially all of the assets of the Partnership.

Terms of the 2013 Credit Agreement include a revolving credit facility of a combined $255 million. Under the 2013 Credit Agreement, the Canadian portion of the revolving credit facility has a sub-limit of $15 million. U.S. denominated and Canadian denominated loans made under the revolving credit facility bear interest at a rate of LIBOR plus 225 bps (with no LIBOR floor). The revolving credit facility is scheduled to mature in March 2018 and also provides for the issuance of documentary and standby letters of credit. The 2013 Credit Agreement requires the Partnership to pay a commitment fee of 50 bps per annum on the unused portion of the credit facilities.

The 2013 Credit Agreement requires the Partnership to maintain specified financial ratios, which if breached for any reason, including a decline in operating results, could result in an event of default under the agreement. The most restrictive of these ratios is the Consolidated Leverage Ratio which is measured quarterly on a trailing-twelve month basis. The Consolidated Leverage Ratio is set at 6.25x consolidated total debt- (excluding the revolving debt) to-Consolidated EBITDA and will remain at that level through the end of the first quarter in 2014, and the ratio will decrease each second quarter beginning with the second quarter of 2014. As of March 31, 2013, the Partnership’s Consolidated Leverage Ratio was 3.89x, providing $148.2 million of consolidated EBITDA cushion on the ratio as of the end of the first quarter. The Partnership was in compliance with all other covenants under the 2013 Credit Agreement as of March 31, 2013.

The 2013 Credit Agreement also includes provisions that allow the Partnership to make restricted payments of up to $60 million annually, so long as no default or event of default has occurred and is continuing. These restricted payments are not subject to any specific covenants. Additional restricted payments are allowed to be made based on an Excess-Cash-Flow formula, should the Partnership’s pro-forma Consolidated Leverage Ratio be less than or equal to 5.00x. Per the terms of the indenture governing the Partnership's notes maturing in 2018, which is more restrictive than the indenture governing the Partnership's notes maturing in 2021, the ability to make restricted payments in 2013 and beyond is permitted should the Partnership's trailing-twelve-month Total-Indebtedness-to-Consolidated-Cash-Flow Ratio be less than or equal to 4.75x, measured on a quarterly basis.

The Partnership's $500 million of senior unsecured notes pay interest semi-annually in March and September, with the principal due in full on March 15, 2021. The notes may be redeemed, in whole or in part, at any time prior to March 15, 2016 at a price equal to 100% of the principal amount of the notes redeemed plus a “make-whole” premium together with accrued and unpaid interest, if any, to the redemption date. Thereafter, the notes may be redeemed, in whole or in part, at various prices depending on the date redeemed. Prior to March 15, 2016, up to 35% of the notes may be redeemed with the net cash proceeds of certain equity offerings at 105.25%.

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments:

Derivative financial instruments are only used within the Partnership’s overall risk management program to manage certain interest rate and foreign currency risks from time to time. The Partnership does not use derivative financial instruments for trading purposes.

In September 2010 the Partnership entered into several forward-starting swap agreements ("September 2010 swaps") to effectively convert a total of $600 million of variable-rate debt to fixed rates beginning in October 2011. As a result of the February 2011 amendment to the 2010 Credit Agreement, the LIBOR floor on the term loan portion of its credit facilities decreased to 100 bps from 150 bps, causing a mismatch in critical terms of the September 2010 swaps and the underlying debt. Because of the mismatch of critical terms, the Partnership determined the September 2010 swaps, which were originally designated as cash flow hedges, were no longer highly effective, resulting in the de-designation of the swaps as of the end of February 2011. As a result of this ineffectiveness, gains of $7.2 million recorded in accumulated other comprehensive income (AOCI) through the date of de-designation are being amortized through December 2015.

In March 2011, the Partnership entered into several additional forward-starting basis-rate swap agreements ("March 2011 swaps") that, when combined with the September 2010 swaps, effectively converted $600 million of variable-rate debt to fixed rates beginning in October 2011. The September 2010 swaps and the March 2011 swaps, were jointly designated as cash flow hedges, maturing in December 2015 and had fixed LIBOR at a weighted average rate of 2.46%. For the period that the September 2010 swaps were de-designated, their fair value decreased by $3.3 million, the offset of which was recognized as a direct charge to the Partnership's earnings and recorded to “Net effect of swaps” on the consolidated statement of operations along with the regular amortization of “Other comprehensive income (loss)” balances related to these swaps. No other ineffectiveness related to these swaps was recorded in any period presented.

In May 2011, the Partnership entered into four additional forward-starting basis-rate swap agreements ("May 2011 swaps") that effectively converted another $200 million of variable-rate debt to fixed rates beginning in October 2011. These swaps, which were designated as cash flow hedges, mature in December 2015 and fixed LIBOR at a weighted average rate of 2.54%.

As a result of the 2013 Credit Agreement, the previously described swaps were de-designated as the spreads of the 2013 Credit Agreement decreased to 75 bps from 100 bps in the Amended 2010 Credit Agreement. The May 2011 swaps remain de-designated as the amount of variable rate debt decreased to $630 million, and accordingly, the May 2011 swaps are now over hedged. On March 4, 2013, we entered into several forward-starting swap agreements ("March 2013 swaps") that were not designated as a cash flow hedge on that date. On March 6, 2013, the March 2013 swaps were combined with the September 2010 swaps and the March 2011 swaps, and designated as cash flow hedges, effectively converting $600 million of variable-rate debt to fixed rates. The September 2010 swaps, the March 2011 swaps, and the March 2013 swaps were jointly designated as cash flow hedges, mature in December 2015 and fix LIBOR at a weighted average rate of 2.331%. At the time of the de-designation, the fair market value of the September 2010 swaps, March 2011 swaps, and March 2013 swaps was $23.8 million, which will be amortized out of AOCI into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations and comprehensive incomethrough December 2015. At the time of the de-designation, the fair market value of the May 2011 swaps was $7.8 million and was immediately recognized into expense in "Net effect of swaps" in the unaudited condensed consolidated statements of operations.

The fair market value of the September 2010 swaps, the March 2011 swaps, and the March 2013 swaps at March 31, 2013 was a liability of $23.4 million, which was recorded in “Derivative Liability” on the condensed consolidated balance sheet. The May 2011 swaps had a fair market value of $7.6 million as of March 31, 2013 and was recorded in “Derivative Liability” on the condensed consolidated balance sheet.

In 2007, the Partnership entered into two cross-currency swap agreements, which effectively converted $268.7 million of term debt at the time, and the associated interest payments, related to its wholly owned Canadian subsidiary from variable U.S. dollar denominated debt to fixed-rate Canadian dollar denominated debt. The Partnership originally designated these cross-currency swaps as foreign currency cash flow hedges. Cash flows related to these swap agreements were included in interest expense over the term of the agreement. These swap agreements expired in February 2012.

In May 2011 and July 2011, the Partnership entered into several foreign currency swap agreements to fix the exchange rate on approximately 75% of the termination payment associated with the cross-currency swap agreements that expired in February 2012. The Partnership did not seek hedge accounting treatment on these foreign currency swaps, and as such, changes in fair value of the swaps flowed directly through earnings along with changes in fair value on the related, de-designated cross-currency swaps. In February 2012, all of the cross-currency and related currency swap agreements were settled for $50.5 million.

Fair Value of Derivative Instruments in Condensed Consolidated Balance Sheet:

(In thousands):	Condensed Consolidated Balance Sheet Location	Fair Value as of			Fair Value as of			Fair Value as of
		March 31, 2013			December 31, 2012			March 25, 2012
Derivatives designated as hedging instruments:
Interest rate swaps	Derivative Liability	(23,388		)	(32,260		)	(32,280		)
Total derivatives designated as hedging instruments		$	(23,388	)	$	(32,260	)	$	(32,280	)
Derivatives not designated as hedging instruments:
Interest rate swaps	Derivative Liability	$	(7,643	)	$	—		$	—
Total derivatives not designated as hedging instruments		$	(7,643	)	$	—		$	—
Net derivative liability		$	(31,031	)	$	(32,260	)	$	(32,280	)

The following table presents our September 2010 swaps, March 2011 swaps, May 2011 swaps, and March 2013 swaps which mature December 15, 2015, along with their notional amounts and their fixed interest rates.

	Interest Rate Swaps
($'s in thousands)	Derivatives designated as hedging instruments				Derivatives not designated as hedging instruments
	Notional Amounts		LIBOR Rate		Notional Amounts		LIBOR Rate
	$	200,000	2.27	%	50,000		2.54	%
	75,000		2.30	%	30,000		2.54	%
	50,000		2.29	%	70,000		2.54	%
	150,000		2.43	%	50,000		2.54	%
	50,000		2.29	%
	50,000		2.47	%
	25,000		2.30	%
Total $'s / Average Rate	$	600,000	2.33	%	$	200,000	2.54	%

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the three-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in  Accumulated OCI on Derivatives (Effective Portion)				Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Three months ended		Three months ended			Three months ended			Three months ended				Three months ended		Three months ended
	3/31/13		3/25/12			3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,266	$	120	Interest Expense	$	(2,797	)	$	(2,793	)	Net effect of swaps	$	435	$	—

(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Three months ended			Three months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	$	—		$	(4,999	)
Foreign currency swaps	Net effect of swaps	—			6,278
Interest rate swaps (2)	Net effect of swaps	(1,471		)	—
		$	(1,471	)	$	1,279

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

(2) The May 2011 interest rate swaps were de-designated in March 2013.

During the quarter ended March 31, 2013, in addition to the $1.0 million loss recognized in income on the ineffective portion of derivatives and on the derivatives not designated as cash flow hedges (as noted in the tables above), $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $0.4 million of expense representing the regular amortization of amounts in AOCI was recorded in the condensed consolidated statements of operations for the quarter. The effect of these amounts resulted in a charge to earnings of $9.2 million recorded in “Net effect of swaps.”

For the three-month period ended March 25, 2012, in addition to the $1.3 million gain recognized in income on the ineffective portion of derivatives noted in the tables above, $0.5 million of expense representing the amortization of amounts in AOCI for the swaps and $0.2 million of foreign currency gain in the quarter related to the U.S. dollar denominated Canadian term loan were recorded in “Net effect of swaps” in the condensed consolidated statements of operations. The net effect of these amounts resulted in a benefit to earnings of $1.0 million recorded in “Net effect of swaps.”

Effects of Derivative Instruments on Income (Loss) and Other Comprehensive Income (Loss) for the twelve-month periods ended March 31, 2013 and March 25, 2012:

(In thousands):	Amount of Gain (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)					Amount and Location of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)							Amount and Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion)
Derivatives designated as Cash Flow Hedging Relationships	Twelve months ended		Twelve months ended				Twelve months ended			Twelve months ended				Twelve months ended		Twelve months ended
	3/31/13		3/25/12				3/31/13			3/25/12				3/31/13		3/25/12
Interest rate swaps	$	2,286	$	(36,088	)	Interest Expense	$	(12,031	)	$	(5,816	)	Net effect of swaps	$	435	$	33,493

(In thousands):	Amount and Location of Gain (Loss) Recognized in Income on Derivative
Derivatives not designated as Cash Flow Hedging Relationships		Twelve months ended			Twelve months ended
		3/31/13			3/25/12
Cross-currency swaps (1)	Net effect of swaps	—			12,911
Foreign currency swaps	Net effect of swaps	—			(7,387		)
Interest rate swaps (2)	Net effect of swaps	$	(1,471	)	$	—
		$	(1,471	)	$	5,524

(1) The cross-currency swaps became ineffective and were de-designated in August 2009.

(2) The May 2011 interest rate swaps were de-designated in March 2013.

In addition to the $1.0 million of loss recognized in income on the ineffective portion of derivatives and on the derivatives not designated as cash flow hedges (as noted in the tables above), $7.8 million of expense related to the write off of OCI balances on our May 2011 swaps and $192 thousand of income representing the amortization of amounts in AOCI for the swaps was recorded during the trailing twelve months ended March 31, 2013 in the condensed consolidated statements of operations. The net effect of these amounts resulted in expense for the trailing twelve month period of $8.7 million recorded in “Net effect of swaps.”

For the twelve month period ending March 25, 2012, in addition to the $39.0 million of gain recognized in income on the ineffective portion of derivatives noted in the tables above, $22.7 million of expense representing the amortization of amounts in AOCI for the swaps and a $0.3 million foreign currency loss in the twelve month period related to the U.S. dollar denominated Canadian term loan was recorded during the trailing twelve months ended March 25, 2012 in the condensed consolidated statements of operations. The net effect of these amounts resulted in a benefit to earnings for the trailing twelve month period of $16.0 million recorded in “Net effect of swaps.”

The amounts reclassified from AOCI into income for the periods noted above are primarily the result of the Partnership’s initial three-year requirement to swap at least 75% of its aggregate term debt to fixed rates under the terms of the Amended 2010 Credit Agreement.

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Earnings per Unit

3 Months Ended

Mar. 31, 2013

Earnings Per Unit [Abstract]

Earnings Per Unit

Earnings per Unit:

Net income (loss) per limited partner unit is calculated based on the following unit amounts:

	Three months ended						Twelve months ended
	3/31/2013			3/25/2012			3/31/2013		3/25/2012
	(In thousands except per unit amounts)
Basic weighted average units outstanding	55,854			55,378			55,694		55,353
Effect of dilutive units:
Unit options and restricted unit awards	—			—			63		2
Phantom units	—			—			299		492
Diluted weighted average units outstanding	55,854			55,378			56,056		55,847
Net income (loss) per unit - basic	$	(1.95	)	$	(1.18	)	$	1.04	$	1.53
Net income (loss) per unit - diluted	$	(1.95	)	$	(1.18	)	$	1.04	$	1.52

The effect of unit options on the three and twelve months ended March 31, 2013, had they not been out of the money or antidilutive, would have been zero and 16,000 units, respectively. The effect of out-of-the-money and/or antidilutive unit options on the three and twelve months ended March 25, 2012, had they not been out of the money or antidilutive, would have been 2,000, and 47,000 units, respectively.

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Derivative Financial Instruments Schedule of Derivatives (Details) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended																3 Months Ended
	Feb. 26, 2012	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012	Dec. 31, 2012	Dec. 31, 2007 contract	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 1 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 2 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 3 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 4 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 5 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 6 [Member]	Mar. 31, 2013 Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 7 [Member]	May 31, 2011 Foreign Currency Swap [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Cross-Currency Swap [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 Swaps [Member]	Feb. 28, 2011 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 Swaps [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 and March 2011 Swaps [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] May 2011 Swaps [Member]	Mar. 05, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] May 2011 Swaps [Member]	Mar. 31, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010, March 2011, and March 2013 Swaps [Member] [Domain]	Mar. 05, 2013 Cash Flow Hedging [Member] Forward-Starting Interest Rate Swap [Member] September 2010 and March 2011 and May 2011 Swaps [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 25, 2012 Not Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 8 [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 9 [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 10 [Member]	Mar. 31, 2013 Not Designated As Hedging [Member] Forward-Starting Interest Rate Swap [Member] Forward Starting Interest Rate Swap 11 [Member]	Mar. 31, 2013 Designated As Hedging [Member] Interest Rate Swap [Member]	Dec. 31, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 25, 2012 Designated As Hedging [Member] Interest Rate Swap [Member]	Mar. 31, 2013 Senior Unsecured Notes [Member]	Mar. 31, 2013 Notes Payable Due 2021 [Member] [Domain] Senior Unsecured Notes [Member]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain]	Mar. 31, 2013 Credit Agreement 2013 [Member] [Domain] Senior Secured Term Loan [Member]
Derivative [Line Items]
Gain on Cash Flow Hedge Ineffectiveness		$ (1,036,000)	$ 1,279,000	$ (1,036,000)	$ 39,017,000
Derivative settlement	(50,450,000)	0	(50,450,000)	0	(50,450,000)
Foreign currency gain (loss)			(229,000)		345,000
Notional amount								600,000,000	200,000,000	75,000,000	50,000,000	150,000,000	50,000,000	50,000,000	25,000,000													200,000,000	50,000,000	30,000,000	70,000,000	50,000,000
Fixed interest rate									2.27%	2.298%	2.293%	2.427%	2.293%	2.47%	2.298%														2.54%	2.54%	2.54%	2.54%
Average rate								2.33442%												2.46%	2.54%		2.331%					2.54%
Debt Instrument, Face Amount																																					500,000,000	885,000,000	630,000,000,000
Net effect of swaps		(9,211,000)	970,000	(8,689,000)	15,976,000															3,300,000
Derivative, amount of hedged item																	268,700,000	600,000,000			200,000,000
Debt Instrument, Interest Rate, Stated Percentage																																				9.125%	5.25%
Number of derivative instruments							2														4
Debt instrument, LIBOR floor, decrease to percent		1.00%		1.00%
Debt instrument, LIBOR floor, decrease from percent		1.50%		1.50%
Percentage of debt required to swap to fixed rates																75.00%
Interest rate LIBOR floor																																							0.75%
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax																			7,200,000			7,844,000,000		23,823,000,000
Derivative Liability		31,031,000	32,280,000	31,031,000	32,280,000	32,260,000																			(7,643,000)	0	0						(23,388,000)	(32,260,000)	(32,280,000)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net		$ 7,845,000		$ 7,845,000

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Changes in Accumulated Other Comprehensive Income by Component

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

Changes in Accumulated Other Comprehensive Income by Component:

The following tables reflect the changes in Accumulated other comprehensive income (loss) related to limited partners' equity for the period ended March 31, 2013:

	Changes in Accumulated Other Comprehensive Income by Component (1)
(In thousands)
		Gains and
		Losses on			Foreign
		Cash Flow			Currency
		Hedges			Items			Total
Balance at December 31, 2012		$	(25,749	)	$	(2,751	)	$	(28,500	)
	Other comprehensive
	income before
	reclassifications	1,940			301			301
	Amounts reclassified
	from accumulated
	other comprehensive
	income (2)	6,945			—			8,885
Net current-period other
comprehensive income		8,885			301			9,186
March 31, 2013		$	(16,864	)	$	(2,450	)	$	(19,314	)

(1) All amounts are net of tax. Amounts in parentheses indicate debits.

(2) See Reclassifications Out of Accumulated Other Comprehensive Income table below for reclassification details.

Reclassifications Out of Accumulated Other Comprehensive Income (1)
(In thousands)
Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income			Affected Line Item in the Statement Where Net Income is Presented
Gains and losses on cash flow hedges
Interest rate contracts	$	8,174		Net effect of swaps
	$	8,174		Total before tax
	(1,229		)	Provision (benefit) for taxes
	$	6,945		Net of tax

(1) Amounts in parentheses indicate debits.

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Restatement (Tables)

3 Months Ended

Mar. 31, 2013

Accounting Changes and Error Corrections [Abstract]

Schedule of Quantifying Prior Year Misstatements Corrected in Financial Statements [Table Text Block]

Balance Sheet
(In thousands)	3/25/2012
Accumulated depreciation
As originally filed	$	(1,046,162	)
Corrections	(27,622		)
As restated	$	(1,073,784	)
Total assets
As originally filed	$	2,113,126
Corrections	(27,622		)
As restated	$	2,085,504
Deferred Tax Liability
As originally filed	$	135,746
Corrections	(5,019		)
As restated	$	130,727
Limited Partners' Equity
As originally filed	$	96,417
Corrections	(22,603		)
As restated	$	73,814

Statements of Operations and Other Comprehensive Income
(In thousands except per unit amounts)	Three months ended			Twelve months ended
	3/25/2012			3/25/2012
Depreciation and amortization
As originally filed	$	3,846		$	123,861
Corrections	233			2,031
As restated	$	4,079		$	125,892
Loss on impairment / retirement of fixed assets, net
As originally filed	$	92		$	2,461
Corrections	—			8,790
As restated	$	92		$	11,251
Income (loss) before tax
As originally filed	$	(86,721	)	$	101,565
Corrections	(233		)	(10,821		)
As restated	$	(86,954	)	$	90,744
Provision (benefit) for taxes
As originally filed	$	(21,539	)	$	9,897
Corrections	—			(3,960		)
As restated	$	(21,539	)	$	5,937
Net income (loss)
As originally filed	$	(65,182	)	$	91,668
Corrections	(233		)	(6,861		)
As restated	$	(65,415	)	$	84,807
Basic earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.66
Corrections	—			(0.13		)
As restated	$	(1.18	)	$	1.53
Diluted earnings per limited partner unit:
As originally filed	$	(1.18	)	$	1.64
Corrections	—			(0.12		)
As restated	$	(1.18	)	$	1.52

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Restatement Restated Comprehensive Income Statement (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Depreciation and amortization	$ 4,786	$ 4,079	$ 127,013	$ 125,892
Loss on impairment / retirement of fixed assets, net	600	92	30,844	11,251
Income (loss) before tax	(144,785)	(86,954)	75,783	90,744
Provision (benefit) for taxes	(35,659)	(21,539)	17,638	5,937
Net income (loss)	(109,126)	(65,415)	58,145	84,807
Basic earnings per limited partner unit	(1.95)	(1.18)	1.04	1.53
Diluted earnings per limited partner unit	(1.95)	(1.18)	1.04	1.52
As previously filed [Member]
Depreciation and amortization		3,846		123,861
Loss on impairment / retirement of fixed assets, net		92		2,461
Income (loss) before tax		(86,721)		101,565
Provision (benefit) for taxes		(21,539)		9,897
Net income (loss)		(65,182)		91,668
Basic earnings per limited partner unit		(1.18)		1.66
Diluted earnings per limited partner unit		(1.18)		1.64
Correction [Member]
Depreciation and amortization		233		2,031
Loss on impairment / retirement of fixed assets, net		0		8,790
Income (loss) before tax		(233)		(10,821)
Provision (benefit) for taxes		0		(3,960)
Net income (loss)		$ (233)		$ (6,861)
Basic earnings per limited partner unit		0.00		(0.13)
Diluted earnings per limited partner unit		0.00		(0.12)

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Unaudited Condensed Consolidated Statement of Partners' Equity (USD $) In Thousands, unless otherwise specified	Total	Limited Partners [Member]	General Partner [Member]	Special L.P. Interests [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Translation Adjustment [Member]	Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Beginning balance, value at Dec. 31, 2012	$ 154,451	$ 177,660	$ 1	$ 5,290		$ (2,751)	$ (25,749)
Beginning balance, units at Dec. 31, 2012		55,618
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Limited partnership unit options exercised		1
Issuance of limited partnership units as compensation		93
Net loss	(109,126)	(109,125)	(1)
Partnership distribution declared ($0.625 per limited partnership unit)		(34,820)
Expense recognized for limited partnership unit options		235
Limited partnership unit options exercised		28
Tax effect of units involved in option exercises and treasury unit transactions		(127)
Issuance of limited partnership units as compensation		2,699
Weighted average limited partner units outstanding	55,854
Current period activity, net of tax ($1,554) at Mar. 31, 2013	8,885						8,885
Ending balance, value at Mar. 31, 2013	22,526	36,550	0	5,290	(19,314)	(2,450)	(16,864)
Current period activity, net of tax ($175) at Mar. 31, 2013	$ 301					$ 301
Ending balance, units at Mar. 31, 2013		55,712

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Interim Reporting

3 Months Ended

Mar. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Interim Reporting

Interim Reporting:

The Partnership owns and operates eleven amusement parks, four separately gated outdoor water parks, one indoor water park and five hotels. Virtually all of the Partnership’s revenues from its seasonal amusement parks, as well as its outdoor water parks and other seasonal resort facilities, are realized during a 130- to 140-day operating period beginning in early May, with the major portion concentrated in the third quarter during the peak vacation months of July and August. Knott's Berry Farm is open daily on a year-round basis. Castaway Bay is generally open daily from Memorial Day to Labor Day, plus a limited daily schedule for the balance of the year.

To assure that these highly seasonal operations will not result in misleading comparisons of current and subsequent interim periods, the Partnership has adopted the following accounting and reporting procedures for its seasonal parks: (a) revenues on multi-day admission tickets are recognized over the estimated number of visits expected for each type of ticket and are adjusted periodically during the season, (b) depreciation, advertising and certain seasonal operating costs are expensed during each park’s operating season, including certain costs incurred prior to the season which are amortized over the season, and (c) all other costs are expensed as incurred or ratably over the entire year.

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Consolidating Financial Information of Guarantors and Issuers (Tables)

3 Months Ended

Mar. 31, 2013

Condensed Consolidated Financial Information [Abstract]

Condensed Consolidating Balance Sheet

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Intercompany Receivable	877,336		1,165,652		1,211,522		—		(3,254,510		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	116,777		246,999		26,104		372,301		(583,309		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		96,000		96,000		—		(192,000		)	96,000
Term debt	623,700		623,700		623,700		—		(1,247,400		)	623,700
Notes	901,255		901,255		901,255		—		(1,802,510		)	901,255
	1,620,955		1,620,955		1,620,955		—		(3,241,910		)	1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	25,000	$	444	$	50,173	$	3,213	$	—		$	78,830
Receivables	4		101,093		71,099		498,555		(652,559		)	18,192
Inventories	—		1,724		2,352		23,764		—			27,840
Current deferred tax asset	—		3,705		816		3,663		—			8,184
Other current assets	563		17,858		530		5,490		(16,381		)	8,060
	25,567		124,824		124,970		534,685		(668,940		)	141,106
Property and Equipment (net)	439,506		1,013		268,157		835,596		—			1,544,272
Investment in Park	485,136		772,183		115,401		53,790		(1,426,510		)	—
Goodwill	9,061		—		125,942		111,218		—			246,221
Other Intangibles, net	—		—		17,835		22,817		—			40,652
Deferred Tax Asset	—		36,443		—		90		(36,533		)	—
Intercompany Receivable	877,612		1,070,125		1,116,623		—		(3,064,360		)	—
Other Assets	22,048		14,832		8,419		2,315		—			47,614
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	147,264	$	213,279	$	16,101	$	286,649	$	(652,559	)	$	10,734
Deferred revenue	—		—		4,996		34,489		—			39,485
Accrued interest	98		64		15,350		—		—			15,512
Accrued taxes	4,518		—		6,239		23,437		(16,381		)	17,813
Accrued salaries, wages and benefits	—		17,932		1,214		5,690		—			24,836
Self-insurance reserves	—		5,528		1,754		16,624		—			23,906
Other accrued liabilities	1,110		2,502		140		2,164		—			5,916
	152,990		239,305		45,794		369,053		(668,940		)	138,202
Deferred Tax Liability	—		—		63,460		126,865		(36,533		)	153,792
Derivative Liability	19,309		12,951		—		—		—			32,260
Other Liabilities	—		5,480		—		3,500		—			8,980
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	401,080		401,080		401,080		—		(802,160		)	401,080
	1,532,180		1,532,180		1,532,180		—		(3,064,360		)	1,532,180
Equity	154,451		229,504		135,913		1,061,093		(1,426,510		)	154,451
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	397	$	119	$	6,803	$	—		$	7,319
Receivables	—		82,892		59,911		370,246		(506,356		)	6,693
Inventories	—		3,321		3,678		37,487		—			44,486
Current deferred tax asset	—		11,014		772		3,334		—			15,120
Other current assets	359		5,907		11,851		12,293		—			30,410
	359		103,531		76,331		430,163		(506,356		)	104,028
Property and Equipment (net)	464,394		1,035		279,255		896,184		—			1,640,868
Investment in Park	459,339		661,166		115,401		25,758		(1,261,664		)	—
Intercompany Note Receivable	—		104,165		—		—		(104,165		)	—
Goodwill	9,061		—		125,528		111,219		—			245,808
Other Intangibles, net	—		—		17,776		22,831		—			40,607
Deferred Tax Asset	—		47,646		—		—		(47,646		)	—
Intercompany Receivable	889,442		1,239,210		1,294,302		—		(3,422,954		)	—
Other Assets	26,323		16,288		9,608		1,974		—			54,193
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	15,921	$	15,921	$	15,921	$	—	$	(31,842	)	$	15,921
Accounts payable	60,297		232,001		26,302		215,968		(506,356		)	28,212
Deferred revenue	—		—		5,413		45,341		—			50,754
Accrued interest	3,089		1,706		5,519		—		—			10,314
Accrued taxes	4,925		340		261		3,294		—			8,820
Accrued salaries, wages and benefits	—		26,989		781		5,792		—			33,562
Self-insurance reserves	—		4,212		1,716		15,826		—			21,754
Other accrued liabilities	462		3,312		226		2,104		—			6,104
	84,694		284,481		56,139		288,325		(538,198		)	175,441
Deferred Tax Liability	—		—		58,762		119,611		(47,646		)	130,727
Derivative Liability	19,403		12,877		—		—		—			32,280
Other Liabilities	—		2,235		—		—		—			2,235
Intercompany Note Payable	—		—		—		104,165		(104,165		)	—
Long-Term Debt:
Revolving credit loans	155,004		155,004		155,004		—		(310,008		)	155,004
Term debt	1,140,179		1,140,179		1,140,179		—		(2,280,358		)	1,140,179
Notes	400,373		400,373		400,373		—		(800,746		)	400,373
	1,695,556		1,695,556		1,695,556		—		(3,391,112		)	1,695,556
Equity	49,265		177,892		107,744		976,028		(1,261,664		)	49,265
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504

Condensed Consolidating Statement of Operations and Other Comprehensive Income (Loss)

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,317		$	8,371		$	289		$	41,510		$	(12,688	)	$	41,799
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			5,037			—			5,037
Operating expenses	1,423			21,606			5,941			60,375			(12,688		)	76,657
Selling, general and administrative	1,292			16,613			711			2,423			—			21,039
Depreciation and amortization	475			9			—			4,302			—			4,786
Loss on impairment / retirement of fixed assets, net	36			—			478			86			—			600
	3,226			38,228			7,130			72,223			(12,688		)	108,119
Operating income (loss)	1,091			(29,857		)	(6,841		)	(30,713		)	—			(66,320		)
Interest expense (income), net	10,512			7,677			9,764			(2,230		)	—			25,723
Net effect of swaps	5,635			3,576			—			—			—			9,211
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,958			—			—			8,958
Other (income) expense	188			(2,388		)	800			1,400			—			—
Loss from investment in affiliates	72,096			35,640			3,520			21,227			(132,483		)	—
Loss before taxes	(108,515		)	(87,143		)	(30,500		)	(51,110		)	132,483			(144,785		)
Provision (benefit) for taxes	611			(17,665		)	(9,254		)	(9,351		)	—			(35,659		)
Net loss	$	(109,126	)	$	(69,478	)	$	(21,246	)	$	(41,759	)	$	132,483		$	(109,126	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301			—			301			—			(301		)	301
Unrealized income on cash flow hedging derivatives	8,885			2,535			—			—			(2,535		)	8,885
Other comprehensive income, (net of tax)	9,186			2,535			301			—			(2,836		)	9,186
Total Comprehensive Loss	$	(99,940	)	$	(66,943	)	$	(20,945	)	$	(41,759	)	$	129,647		$	(99,940	)

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	1,456		$	2,577		$	266		$	27,932		$	(4,033	)	$	28,198
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			4,087			—			4,087
Operating expenses	1,335			20,436			5,657			47,890			(4,033		)	71,285
Selling, general and administrative	1,332			13,696			760			2,196			—			17,984
Depreciation and amortization	696			9			—			3,374			—			4,079
Loss on impairment / retirement of fixed assets, net	82			—			10			—			—			92
	3,445			34,141			6,427			57,547			(4,033		)	97,527
Operating loss	(1,989		)	(31,564		)	(6,161		)	(29,615		)	—			(69,329		)
Interest expense, net	11,158			6,615			10,403			(1,389		)	—			26,787
Net effect of swaps	173			332			(1,475		)	—			—			(970		)
Unrealized / realized foreign currency gain	—			—			(8,192		)	—			—			(8,192		)
Other (income) expense	187			(3,035		)	197			2,651			—			—
Loss from investment in affiliates	50,491			23,083			3,230			24,916			(101,720		)	—
Loss before taxes	(63,998		)	(58,559		)	(10,324		)	(55,793		)	101,720			(86,954		)
Provision (benefit) for taxes	1,417			(11,672		)	(2,334		)	(8,950		)	—			(21,539		)
Net loss	$	(65,415	)	$	(46,887	)	$	(7,990	)	$	(46,843	)	$	101,720		$	(65,415	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,169		)	—			(1,169		)	—			1,169			(1,169		)
Unrealized income on cash flow hedging derivatives	339			98			21			—			(119		)	339
Other comprehensive income (loss), (net of tax)	(830		)	98			(1,148		)	—			1,050			(830		)
Total Comprehensive Loss	$	(66,245	)	$	(46,789	)	$	(9,138	)	$	(46,843	)	$	102,770		$	(66,245	)

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,576		$	263,930		$	140,441		$	941,246		$	(412,138	)	$	1,082,055
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,316			85,682			—			95,998
Operating expenses	5,468			177,526			48,147			637,772			(412,138		)	456,775
Selling, general and administrative	6,455			89,532			11,086			34,293			—			141,366
Depreciation and amortization	37,439			40			18,199			71,335			—			127,013
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss on impairment / retirement of fixed assets, net	25,089			—			474			5,281			—			30,844
	74,451			267,098			88,222			827,738			(412,138		)	845,371
Operating income (loss)	74,125			(3,168		)	52,219			113,508			—			236,684
Interest (income) expense, net	47,879			30,390			40,231			(9,013		)	—			109,487
Net effect of swaps	5,324			3,365			—			—			—			8,689
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,152			—			—			8,152
Other (income) expense	750			(8,860		)	2,623			5,487			—			—
Income from investment in affiliates	(68,417		)	(53,593		)	(14,307		)	(18,503		)	154,820			—
Income before taxes	67,414			12,749			14,903			135,537			(154,820		)	75,783
Provision (benefit) for taxes	9,269			(15,849		)	(3,507		)	27,725			—			17,638
Net income	$	58,145		$	28,598		$	18,410		$	107,812		$	(154,820	)	$	58,145
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	1,839			—			1,839			—			(1,839		)	1,839
Unrealized income on cash flow hedging derivatives	8,685			2,551			—			—			(2,551		)	8,685
Other comprehensive income (loss), (net of tax)	10,524			2,551			1,839			—			(4,390		)	10,524
Total Comprehensive Income	$	68,669		$	31,149		$	20,249		$	107,812		$	(159,210	)	$	68,669

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Net revenues	$	140,548		$	249,988		$	126,375		$	903,046	$	(390,156	)	$	1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,932			82,100		—			92,032
Operating expenses	5,351			167,068			45,805			608,940		(390,156		)	437,008
Selling, general and administrative	7,963			83,355			11,151			35,026		—			137,495
Depreciation and amortization	37,309			45			17,325			71,213		—			125,892
Loss (gain) on impairment / retirement of fixed assets, net	876			—			(51		)	10,426		—			11,251
	51,499			250,468			84,162			807,705		(390,156		)	803,678
Operating income (loss)	89,049			(480		)	42,213			95,341		—			226,123
Interest expense, net	72,309			19,090			50,897			488		—			142,784
Net effect of swaps	(10,940		)	(243		)	(4,793		)	—		—			(15,976		)
Unrealized / realized foreign currency loss	—			—			8,605			—		—			8,605
Other (income) expense	716			(9,542		)	1,708			7,084		—			(34		)
(Income) loss from investment in affiliates	(67,272		)	(19,390		)	(2,601		)	16,074		73,189			—
Income (loss) before taxes	94,236			9,605			(11,603		)	71,695		(73,189		)	90,744
Provision (benefit) for taxes	9,429			(25,950		)	4,319			18,139		—			5,937
Net income (loss)	$	84,807		$	35,555		$	(15,922	)	$	53,556	$	(73,189	)	$	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,050			—			1,050			—		(1,050		)	1,050
Unrealized income (loss) on cash flow hedging derivatives	(7,958		)	(9,638		)	254			—		9,384			(7,958		)
Other comprehensive income (loss), (net of tax)	(6,908		)	(9,638		)	1,304			—		8,334			(6,908		)
Total Comprehensive Income (Loss)	$	77,899		$	25,917		$	(14,618	)	$	53,556	$	(64,855	)	$	77,899

Condensed Consolidating Statement of Cash Flows

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(117,670	)	$	(49,663	)	$	(42,030	)	$	(12,767	)	$	153,463		$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	65,636			58,171			(2,442		)	32,098			(153,463		)	—
Capital expenditures	(17,866		)	—			(600		)	(17,363		)	—			(35,829		)
Net cash from (for) investing activities	47,770			58,171			(3,042		)	14,735			(153,463		)	(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	96,000		$	—		$	—		$	—		$	—		$	96,000
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,763		)	(8,538		)	(190		)	—			—			(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)	(14,478		)	—			—			(1,131,100		)
Distributions (paid) received	(35,688		)	868			—			—			—			(34,820		)
Exercise of limited partnership unit options	—			28			—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(127		)	—			—			—			(127		)
Net cash from (for) financing activities	44,900			(8,220		)	(190		)	—			—			36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(786		)	—			—			(786		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(25,000		)	288			(46,048		)	1,968			—			(68,792		)
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(184,504	)	$	10,151		$	(37,239	)	$	(6,697	)	$	136,357		$	(81,932	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	62,103			60,369			2,208			11,677			(136,357		)	—
Capital expenditures	(8,374		)	—			(7,125		)	(11,969		)	—			(27,468		)
Net cash from (for) investing activities	53,729			60,369			(4,917		)	(292		)	(136,357		)	(27,468		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	153,000			—			2,004			—			—			155,004
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Intercompany (payments) receipts	—			(10,320		)	—			10,320			—			—
Distributions (paid) received	(22,225		)	74			—			—			—			(22,151		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Exercise of limited partnership unit options	—			48			—			—			—			48
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	130,775			(70,635		)	11,554			10,320			—			82,014
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(819		)	—			—			(819		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(115		)	(31,421		)	3,331			—			(28,205		)
Balance, beginning of period	—			512			31,540			3,472			—			35,524
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	188,221		$	(37,475	)	$	16,546		$	135,165		$	(4,510	)	$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	43,043			(49,642		)	(2,479		)	4,568			4,510			—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash for investing activities	1,060			(49,650		)	(10,502		)	(32,622		)	4,510			(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	(57,000	)	$	—		$	(2,004	)	$	—		$	—		$	(59,004	)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt (payments) receipts	—			104,165			—			(104,165		)	—			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions (paid) received	(102,402		)	920			—			—			—			(101,482		)
Capital (contribution) infusion	—			—			—			—			—			—
Exercise of limited partnership unit options	—			57			—			—			—			57
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Excess tax benefit from unit-based compensation expense	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	87,460			(2,515		)	(104,165		)	—			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	113,654		$	(89,658	)	$	14,102		$	182,798		$	(367	)	$	220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(16,818		)	(6,588		)	1,126			21,913			367			—
Capital expenditures	(40,662		)	—			(22,440		)	(34,253		)	—			(97,355		)
Net cash from (for) investing activities	(57,480		)	(6,588		)	(21,314		)	(12,340		)	367			(97,355		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	31,000			—			(3,110		)	—			—			27,890
Intercompany term debt (payments) receipts	—			166,023			—			(166,023		)	—			—
Term debt payments, including early termination penalties	(13,831		)	(9,763		)	(306		)	—			—			(23,900		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(73,343		)	273			—			—			—			(73,070		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Payment of debt issuance costs	—			—			(723		)	—			—			(723		)
Exercise of limited partnership unit options	—			53			—			—			—			53
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	(56,174		)	96,149			5,411			(166,023		)	—			(120,637		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(2,473		)	—			—			(2,473		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(97		)	(4,274		)	4,435			—			64
Balance, beginning of period	—			494			4,393			2,368			—			7,255
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319

XML

Earnings per Unit (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 25, 2012	Mar. 31, 2013	Mar. 25, 2012
Basic weighted average units outstanding	55,854,000	55,378,000	55,694,000	55,353,000
Effect of dilutive units:
Unit options and restricted unit awards	0	0	63,000	2,000
Phantom units	0	0	299,000	492,000
Diluted weighted average units outstanding	55,854,000	55,378,000	56,056,000	55,847,000
Net income (loss) per limited partner unit	(1.95)	(1.18)	1.04	1.53
Net income (loss) per limited partner unit	(1.95)	(1.18)	1.04	1.52
Unit Options [Member]
Effect of dilutive units:
Antidilutive securities excluded from the computation of earnings per unit	0	2,000	16,000	47,000

XML

Consolidating Financial Information of Guarantors and Issuers

3 Months Ended

Mar. 31, 2013

Condensed Consolidated Financial Information [Abstract]

Consolidating Financial Information of Guarantors and Issuers

Consolidating Financial Information of Guarantors and Issuers:

Cedar Fair, L.P., Canada's Wonderland Company ("Cedar Canada"), and Magnum Management Corporation ("Magnum") are the co-issuers of the Partnership's 9.125% notes and the 5.25% notes (see Note 5). The notes have been fully and unconditionally guaranteed, on a joint and several basis, by each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum) that guarantees the Partnership's senior secured credit facilities. There are no non-guarantor subsidiaries.

The following consolidating schedules present condensed financial information for Cedar Fair, L.P., Cedar Canada, and Magnum, the co-issuers, and each 100% owned subsidiary of Cedar Fair (other than Cedar Canada and Magnum), the guarantors (on a combined basis), as of March 31, 2013, December 31, 2012, and March 25, 2012 and for the three and twelve month periods ended March 31, 2013 and March 25, 2012. In lieu of providing separate unaudited financial statements for the guarantor subsidiaries, we have included the accompanying condensed consolidating financial statements.

Since Cedar Fair, L.P., Cedar Canada and Magnum are co-issuers of the notes and co-borrowers under the 2013 Credit Agreement, all outstanding debt has been equally reflected within each co-issuer's March 31, 2013, December 31, 2012 and March 25, 2012 balance sheets in the accompanying condensed consolidating financial statements.

The consolidating financial information has been corrected for the information described in Note 12.

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	732	$	4,125	$	5,181	$	—		$	10,038
Receivables	682		79,472		67,302		436,595		(570,709		)	13,342
Inventories	—		3,645		3,032		32,386		—			39,063
Current deferred tax asset	—		31,543		816		3,663		—			36,022
Other current assets	207		9,630		1,618		16,260		—			27,715
	889		125,022		76,893		494,085		(570,709		)	126,180
Property and Equipment (net)	457,484		1,003		262,941		849,424		—			1,570,852
Investment in Park	419,501		714,013		115,401		21,689		(1,270,604		)	—
Goodwill	9,061		—		123,374		111,218		—			243,653
Other Intangibles, net	—		—		17,470		22,853		—			40,323
Deferred Tax Asset	—		34,890		—		90		(34,980		)	—
Intercompany Receivable	877,336		1,165,652		1,211,522		—		(3,254,510		)	—
Other Assets	14,581		10,291		7,473		2,303		—			34,648
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	6,300	$	6,300	$	6,300	$	—	$	(12,600	)	$	6,300
Accounts payable	103,654		215,425		3,891		285,182		(570,709		)	37,443
Deferred revenue	—		—		6,679		59,505		—			66,184
Accrued interest	1,444		916		5,979		—		—			8,339
Accrued taxes	4,790		390		331		3,489		—			9,000
Accrued salaries, wages and benefits	—		13,483		1,095		5,604		—			20,182
Self-insurance reserves	—		5,324		1,696		16,537		—			23,557
Other accrued liabilities	589		5,161		133		1,984		—			7,867
	116,777		246,999		26,104		372,301		(583,309		)	178,872
Deferred Tax Liability	—		—		62,700		126,867		(34,980		)	154,587
Derivative Liability	18,594		12,437		—		—		—			31,031
Other Liabilities	—		4,185		—		3,500		—			7,685
Long-Term Debt:
Revolving credit loans	96,000		96,000		96,000		—		(192,000		)	96,000
Term debt	623,700		623,700		623,700		—		(1,247,400		)	623,700
Notes	901,255		901,255		901,255		—		(1,802,510		)	901,255
	1,620,955		1,620,955		1,620,955		—		(3,241,910		)	1,620,955
Equity	22,526		166,295		105,315		998,994		(1,270,604		)	22,526
	$	1,778,852	$	2,050,871	$	1,815,074	$	1,501,662	$	(5,130,803	)	$	2,015,656

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	25,000	$	444	$	50,173	$	3,213	$	—		$	78,830
Receivables	4		101,093		71,099		498,555		(652,559		)	18,192
Inventories	—		1,724		2,352		23,764		—			27,840
Current deferred tax asset	—		3,705		816		3,663		—			8,184
Other current assets	563		17,858		530		5,490		(16,381		)	8,060
	25,567		124,824		124,970		534,685		(668,940		)	141,106
Property and Equipment (net)	439,506		1,013		268,157		835,596		—			1,544,272
Investment in Park	485,136		772,183		115,401		53,790		(1,426,510		)	—
Goodwill	9,061		—		125,942		111,218		—			246,221
Other Intangibles, net	—		—		17,835		22,817		—			40,652
Deferred Tax Asset	—		36,443		—		90		(36,533		)	—
Intercompany Receivable	877,612		1,070,125		1,116,623		—		(3,064,360		)	—
Other Assets	22,048		14,832		8,419		2,315		—			47,614
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Accounts payable	$	147,264	$	213,279	$	16,101	$	286,649	$	(652,559	)	$	10,734
Deferred revenue	—		—		4,996		34,489		—			39,485
Accrued interest	98		64		15,350		—		—			15,512
Accrued taxes	4,518		—		6,239		23,437		(16,381		)	17,813
Accrued salaries, wages and benefits	—		17,932		1,214		5,690		—			24,836
Self-insurance reserves	—		5,528		1,754		16,624		—			23,906
Other accrued liabilities	1,110		2,502		140		2,164		—			5,916
	152,990		239,305		45,794		369,053		(668,940		)	138,202
Deferred Tax Liability	—		—		63,460		126,865		(36,533		)	153,792
Derivative Liability	19,309		12,951		—		—		—			32,260
Other Liabilities	—		5,480		—		3,500		—			8,980
Long-Term Debt:
Term debt	1,131,100		1,131,100		1,131,100		—		(2,262,200		)	1,131,100
Notes	401,080		401,080		401,080		—		(802,160		)	401,080
	1,532,180		1,532,180		1,532,180		—		(3,064,360		)	1,532,180
Equity	154,451		229,504		135,913		1,061,093		(1,426,510		)	154,451
	$	1,858,930	$	2,019,420	$	1,777,347	$	1,560,511	$	(5,196,343	)	$	2,019,865

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING BALANCE SHEET

March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)		Co-Issuer Subsidiary (Magnum)		Co-Issuer Subsidiary (Cedar Canada)		Guarantor Subsidiaries		Eliminations			Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	397	$	119	$	6,803	$	—		$	7,319
Receivables	—		82,892		59,911		370,246		(506,356		)	6,693
Inventories	—		3,321		3,678		37,487		—			44,486
Current deferred tax asset	—		11,014		772		3,334		—			15,120
Other current assets	359		5,907		11,851		12,293		—			30,410
	359		103,531		76,331		430,163		(506,356		)	104,028
Property and Equipment (net)	464,394		1,035		279,255		896,184		—			1,640,868
Investment in Park	459,339		661,166		115,401		25,758		(1,261,664		)	—
Intercompany Note Receivable	—		104,165		—		—		(104,165		)	—
Goodwill	9,061		—		125,528		111,219		—			245,808
Other Intangibles, net	—		—		17,776		22,831		—			40,607
Deferred Tax Asset	—		47,646		—		—		(47,646		)	—
Intercompany Receivable	889,442		1,239,210		1,294,302		—		(3,422,954		)	—
Other Assets	26,323		16,288		9,608		1,974		—			54,193
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504
LIABILITIES AND PARTNERS’ EQUITY
Current Liabilities:
Current maturities of long-term debt	$	15,921	$	15,921	$	15,921	$	—	$	(31,842	)	$	15,921
Accounts payable	60,297		232,001		26,302		215,968		(506,356		)	28,212
Deferred revenue	—		—		5,413		45,341		—			50,754
Accrued interest	3,089		1,706		5,519		—		—			10,314
Accrued taxes	4,925		340		261		3,294		—			8,820
Accrued salaries, wages and benefits	—		26,989		781		5,792		—			33,562
Self-insurance reserves	—		4,212		1,716		15,826		—			21,754
Other accrued liabilities	462		3,312		226		2,104		—			6,104
	84,694		284,481		56,139		288,325		(538,198		)	175,441
Deferred Tax Liability	—		—		58,762		119,611		(47,646		)	130,727
Derivative Liability	19,403		12,877		—		—		—			32,280
Other Liabilities	—		2,235		—		—		—			2,235
Intercompany Note Payable	—		—		—		104,165		(104,165		)	—
Long-Term Debt:
Revolving credit loans	155,004		155,004		155,004		—		(310,008		)	155,004
Term debt	1,140,179		1,140,179		1,140,179		—		(2,280,358		)	1,140,179
Notes	400,373		400,373		400,373		—		(800,746		)	400,373
	1,695,556		1,695,556		1,695,556		—		(3,391,112		)	1,695,556
Equity	49,265		177,892		107,744		976,028		(1,261,664		)	49,265
	$	1,848,918	$	2,173,041	$	1,918,201	$	1,488,129	$	(5,342,785	)	$	2,085,504

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	4,317		$	8,371		$	289		$	41,510		$	(12,688	)	$	41,799
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			5,037			—			5,037
Operating expenses	1,423			21,606			5,941			60,375			(12,688		)	76,657
Selling, general and administrative	1,292			16,613			711			2,423			—			21,039
Depreciation and amortization	475			9			—			4,302			—			4,786
Loss on impairment / retirement of fixed assets, net	36			—			478			86			—			600
	3,226			38,228			7,130			72,223			(12,688		)	108,119
Operating income (loss)	1,091			(29,857		)	(6,841		)	(30,713		)	—			(66,320		)
Interest expense (income), net	10,512			7,677			9,764			(2,230		)	—			25,723
Net effect of swaps	5,635			3,576			—			—			—			9,211
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,958			—			—			8,958
Other (income) expense	188			(2,388		)	800			1,400			—			—
Loss from investment in affiliates	72,096			35,640			3,520			21,227			(132,483		)	—
Loss before taxes	(108,515		)	(87,143		)	(30,500		)	(51,110		)	132,483			(144,785		)
Provision (benefit) for taxes	611			(17,665		)	(9,254		)	(9,351		)	—			(35,659		)
Net loss	$	(109,126	)	$	(69,478	)	$	(21,246	)	$	(41,759	)	$	132,483		$	(109,126	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	301			—			301			—			(301		)	301
Unrealized income on cash flow hedging derivatives	8,885			2,535			—			—			(2,535		)	8,885
Other comprehensive income, (net of tax)	9,186			2,535			301			—			(2,836		)	9,186
Total Comprehensive Loss	$	(99,940	)	$	(66,943	)	$	(20,945	)	$	(41,759	)	$	129,647		$	(99,940	)

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	1,456		$	2,577		$	266		$	27,932		$	(4,033	)	$	28,198
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			—			4,087			—			4,087
Operating expenses	1,335			20,436			5,657			47,890			(4,033		)	71,285
Selling, general and administrative	1,332			13,696			760			2,196			—			17,984
Depreciation and amortization	696			9			—			3,374			—			4,079
Loss on impairment / retirement of fixed assets, net	82			—			10			—			—			92
	3,445			34,141			6,427			57,547			(4,033		)	97,527
Operating loss	(1,989		)	(31,564		)	(6,161		)	(29,615		)	—			(69,329		)
Interest expense, net	11,158			6,615			10,403			(1,389		)	—			26,787
Net effect of swaps	173			332			(1,475		)	—			—			(970		)
Unrealized / realized foreign currency gain	—			—			(8,192		)	—			—			(8,192		)
Other (income) expense	187			(3,035		)	197			2,651			—			—
Loss from investment in affiliates	50,491			23,083			3,230			24,916			(101,720		)	—
Loss before taxes	(63,998		)	(58,559		)	(10,324		)	(55,793		)	101,720			(86,954		)
Provision (benefit) for taxes	1,417			(11,672		)	(2,334		)	(8,950		)	—			(21,539		)
Net loss	$	(65,415	)	$	(46,887	)	$	(7,990	)	$	(46,843	)	$	101,720		$	(65,415	)
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	(1,169		)	—			(1,169		)	—			1,169			(1,169		)
Unrealized income on cash flow hedging derivatives	339			98			21			—			(119		)	339
Other comprehensive income (loss), (net of tax)	(830		)	98			(1,148		)	—			1,050			(830		)
Total Comprehensive Loss	$	(66,245	)	$	(46,789	)	$	(9,138	)	$	(46,843	)	$	102,770		$	(66,245	)

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
Net revenues	$	148,576		$	263,930		$	140,441		$	941,246		$	(412,138	)	$	1,082,055
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			10,316			85,682			—			95,998
Operating expenses	5,468			177,526			48,147			637,772			(412,138		)	456,775
Selling, general and administrative	6,455			89,532			11,086			34,293			—			141,366
Depreciation and amortization	37,439			40			18,199			71,335			—			127,013
(Gain) on sale of other assets	—			—			—			(6,625		)	—			(6,625		)
Loss on impairment / retirement of fixed assets, net	25,089			—			474			5,281			—			30,844
	74,451			267,098			88,222			827,738			(412,138		)	845,371
Operating income (loss)	74,125			(3,168		)	52,219			113,508			—			236,684
Interest (income) expense, net	47,879			30,390			40,231			(9,013		)	—			109,487
Net effect of swaps	5,324			3,365			—			—			—			8,689
Loss on early debt extinguishment	21,175			12,781			617			—			—			34,573
Unrealized / realized foreign currency loss	—			—			8,152			—			—			8,152
Other (income) expense	750			(8,860		)	2,623			5,487			—			—
Income from investment in affiliates	(68,417		)	(53,593		)	(14,307		)	(18,503		)	154,820			—
Income before taxes	67,414			12,749			14,903			135,537			(154,820		)	75,783
Provision (benefit) for taxes	9,269			(15,849		)	(3,507		)	27,725			—			17,638
Net income	$	58,145		$	28,598		$	18,410		$	107,812		$	(154,820	)	$	58,145
Other comprehensive income, (net of tax):
Cumulative foreign currency translation adjustment	1,839			—			1,839			—			(1,839		)	1,839
Unrealized income on cash flow hedging derivatives	8,685			2,551			—			—			(2,551		)	8,685
Other comprehensive income (loss), (net of tax)	10,524			2,551			1,839			—			(4,390		)	10,524
Total Comprehensive Income	$	68,669		$	31,149		$	20,249		$	107,812		$	(159,210	)	$	68,669

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries		Eliminations			Total
Net revenues	$	140,548		$	249,988		$	126,375		$	903,046	$	(390,156	)	$	1,029,801
Costs and expenses:
Cost of food, merchandise and games revenues	—			—			9,932			82,100		—			92,032
Operating expenses	5,351			167,068			45,805			608,940		(390,156		)	437,008
Selling, general and administrative	7,963			83,355			11,151			35,026		—			137,495
Depreciation and amortization	37,309			45			17,325			71,213		—			125,892
Loss (gain) on impairment / retirement of fixed assets, net	876			—			(51		)	10,426		—			11,251
	51,499			250,468			84,162			807,705		(390,156		)	803,678
Operating income (loss)	89,049			(480		)	42,213			95,341		—			226,123
Interest expense, net	72,309			19,090			50,897			488		—			142,784
Net effect of swaps	(10,940		)	(243		)	(4,793		)	—		—			(15,976		)
Unrealized / realized foreign currency loss	—			—			8,605			—		—			8,605
Other (income) expense	716			(9,542		)	1,708			7,084		—			(34		)
(Income) loss from investment in affiliates	(67,272		)	(19,390		)	(2,601		)	16,074		73,189			—
Income (loss) before taxes	94,236			9,605			(11,603		)	71,695		(73,189		)	90,744
Provision (benefit) for taxes	9,429			(25,950		)	4,319			18,139		—			5,937
Net income (loss)	$	84,807		$	35,555		$	(15,922	)	$	53,556	$	(73,189	)	$	84,807
Other comprehensive income (loss), (net of tax):
Cumulative foreign currency translation adjustment	1,050			—			1,050			—		(1,050		)	1,050
Unrealized income (loss) on cash flow hedging derivatives	(7,958		)	(9,638		)	254			—		9,384			(7,958		)
Other comprehensive income (loss), (net of tax)	(6,908		)	(9,638		)	1,304			—		8,334			(6,908		)
Total Comprehensive Income (Loss)	$	77,899		$	25,917		$	(14,618	)	$	53,556	$	(64,855	)	$	77,899

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(117,670	)	$	(49,663	)	$	(42,030	)	$	(12,767	)	$	153,463		$	(68,667	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	65,636			58,171			(2,442		)	32,098			(153,463		)	—
Capital expenditures	(17,866		)	—			(600		)	(17,363		)	—			(35,829		)
Net cash from (for) investing activities	47,770			58,171			(3,042		)	14,735			(153,463		)	(35,829		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	96,000		$	—		$	—		$	—		$	—		$	96,000
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Payment of debt issuance costs	(14,763		)	(8,538		)	(190		)	—			—			(23,491		)
Term debt payments, including early termination penalties	(654,568		)	(462,054		)	(14,478		)	—			—			(1,131,100		)
Distributions (paid) received	(35,688		)	868			—			—			—			(34,820		)
Exercise of limited partnership unit options	—			28			—			—			—			28
Excess tax benefit from unit-based compensation expense	—			(127		)	—			—			—			(127		)
Net cash from (for) financing activities	44,900			(8,220		)	(190		)	—			—			36,490
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(786		)	—			—			(786		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	(25,000		)	288			(46,048		)	1,968			—			(68,792		)
Balance, beginning of period	25,000			444			50,173			3,213			—			78,830
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	(184,504	)	$	10,151		$	(37,239	)	$	(6,697	)	$	136,357		$	(81,932	)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	62,103			60,369			2,208			11,677			(136,357		)	—
Capital expenditures	(8,374		)	—			(7,125		)	(11,969		)	—			(27,468		)
Net cash from (for) investing activities	53,729			60,369			(4,917		)	(292		)	(136,357		)	(27,468		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	153,000			—			2,004			—			—			155,004
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Intercompany (payments) receipts	—			(10,320		)	—			10,320			—			—
Distributions (paid) received	(22,225		)	74			—			—			—			(22,151		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Exercise of limited partnership unit options	—			48			—			—			—			48
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	130,775			(70,635		)	11,554			10,320			—			82,014
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(819		)	—			—			(819		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(115		)	(31,421		)	3,331			—			(28,205		)
Balance, beginning of period	—			512			31,540			3,472			—			35,524
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 31, 2013

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	188,221		$	(37,475	)	$	16,546		$	135,165		$	(4,510	)	$	297,947
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	43,043			(49,642		)	(2,479		)	4,568			4,510			—
Sale of other assets	1,173			—			—			14,885			—			16,058
Capital expenditures	(43,156		)	(8		)	(8,023		)	(52,075		)	—			(103,262		)
Net cash for investing activities	1,060			(49,650		)	(10,502		)	(32,622		)	4,510			(87,204		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings on revolving credit loans	$	(57,000	)	$	—		$	(2,004	)	$	—		$	—		$	(59,004	)
Term debt borrowings	359,022			256,500			14,478			—			—			630,000
Note borrowings	294,897			205,103			—			—			—			500,000
Intercompany term debt (payments) receipts	—			104,165			—			(104,165		)	—			—
Term debt payments, including early termination penalties	(669,035		)	(472,267		)	(14,798		)	—			—			(1,156,100		)
Distributions (paid) received	(102,402		)	920			—			—			—			(101,482		)
Capital (contribution) infusion	—			—			—			—			—			—
Exercise of limited partnership unit options	—			57			—			—			—			57
Payment of debt issuance costs	(14,763		)	(8,537		)	(191		)	—			—			(23,491		)
Excess tax benefit from unit-based compensation expense	—			1,519			—			—			—			1,519
Net cash from (for) financing activities	(189,281		)	87,460			(2,515		)	(104,165		)	—			(208,501		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			477			—			—			477
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			335			4,006			(1,622		)	—			2,719
Balance, beginning of period	—			397			119			6,803			—			7,319
Balance, end of period	$	—		$	732		$	4,125		$	5,181		$	—		$	10,038

CEDAR FAIR, L.P.

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Twelve Months Ended March 25, 2012 (As restated)

(In thousands)

	Cedar Fair L.P. (Parent)			Co-Issuer Subsidiary (Magnum)			Co-Issuer Subsidiary (Cedar Canada)			Guarantor Subsidiaries			Eliminations			Total
NET CASH FROM (FOR) OPERATING ACTIVITIES	$	113,654		$	(89,658	)	$	14,102		$	182,798		$	(367	)	$	220,529
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES
Investment in joint ventures and affiliates	(16,818		)	(6,588		)	1,126			21,913			367			—
Capital expenditures	(40,662		)	—			(22,440		)	(34,253		)	—			(97,355		)
Net cash from (for) investing activities	(57,480		)	(6,588		)	(21,314		)	(12,340		)	367			(97,355		)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES
Net borrowings (payments) on revolving credit loans	31,000			—			(3,110		)	—			—			27,890
Intercompany term debt (payments) receipts	—			166,023			—			(166,023		)	—			—
Term debt payments, including early termination penalties	(13,831		)	(9,763		)	(306		)	—			—			(23,900		)
Derivative settlement	—			—			(50,450		)	—			—			(50,450		)
Distributions (paid) received	(73,343		)	273			—			—			—			(73,070		)
Capital (contribution) infusion	—			(60,000		)	60,000			—			—			—
Payment of debt issuance costs	—			—			(723		)	—			—			(723		)
Exercise of limited partnership unit options	—			53			—			—			—			53
Excess tax benefit from unit-based compensation	—			(437		)	—			—			—			(437		)
Net cash from (for) financing activities	(56,174		)	96,149			5,411			(166,023		)	—			(120,637		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	—			—			(2,473		)	—			—			(2,473		)
CASH AND CASH EQUIVALENTS
Net increase (decrease) for the period	—			(97		)	(4,274		)	4,435			—			64
Balance, beginning of period	—			494			4,393			2,368			—			7,255
Balance, end of period	$	—		$	397		$	119		$	6,803		$	—		$	7,319